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JUNE 1982 / VOLUME 62 NUMBER
SURVEY OF CUBBENT BUSINESS
CONTENTS
THE BUSINESS SITUATION
1
NationalJncome and Product Accounts Tables
5
Reconciliation and Other Special Tables
16
Plant aiid Equipment Expenditures by Business for Pollution
". Abatement, 1981 and Planned 1982
17
Plant,and EquiJHiient Expenditures, the Four Quarters of 1982
22
1
U.S. Department i*f ' Cbpumerce
Malcolm Baldrige / Secretary
Robert Gi Dederick / Under Secretary-designate for Economic Affairs
•Bureau of Econontitt Analysis
• George Jaszi /^BttriStttor' " • ' , ' ; '
Allan H. Young / Deputy Director
U.S. Business Enter prises Aequired or Established by Foreign
t Dirpct Investors in 1981
27
International Travel and Passenger Fares, 1981
32
U.S. International Transactions, First Quarter 1982
., ,"-
36,
Survey of Current Business
Manuscript Editor: Dannelet A. Grosvenor , ', '^
Managing Editor .• Patti A. TrujUlo
,- "/, •''• , , : , , " _
Staff Contributors to:THis Issue: RJ Da*ld Belli, fceo M.
Bernstein,, Jowl -E. ^olysi^.^pbAgiaf^-jiFcpic..//^!]^^' TV
Grimm; ,Eric "R. Joh nson, 'Russell CL Krueger,; Daniel J.
Larkins, Betsy D, O'Connor, ^aryt^ Rutleijge, Jo% f.
Wo'odward •
»*.' '-' ' , • * • • ' ' '_.;• < '• " ~V .,>•' • ''<"- - -[• "j
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CURRENT BUSINESS STATISTICS
General
SI
Industry
S19
Footnotes
S33
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
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NY, Buffalo 14202
111 W Huron St 846-4191
SC, Columbia 292O1
1835 Assembly St, 765-5345
WY, Cheyenne 820O1
2120 Game! Ave 778-2220
1100, 'Commerce St 767-0542
^
VA, Richmond 23240
• 400-IS ,8th Si 771-2246
''
the BUSINESS SITUATION
i
NFO/RMATION that is available as
of mid-June to estimate real GNP for
the second quarter suggests a flattening, after substantial declines in the
two preceding quarters. For motor vehicle production, information about
the second quarter is relatively complete.1 It indicates that motor vehicle
production, which accounted for about
one-third of the decline in GNP over
the four preceding quarters, was up
substantially in the second quarter.
Personal consumption expenditures
(PCE) other than on motor vehicles is
based on 2 months' information. Nonvehicle PCE appears to have accelerated slightly from the moderate increases over the four preceding quarters. Although information on fixed
investment other than residential
construction is sketchy, it is clear
that fixed investment registered a
substantial drop in the second quarter. The drop was centered in producers' durable equipment (PDE), which
had weakened earlier. In residential
construction, the free fall of 1981
slowed in the first and second quarters. Information for these compo1. The major source data that shed light on secondquarter 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 business 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.
"Real" or constant-dollar estimates are in 1972 dollars. Quarterly estimates in the national income and
product accounts are expressed at seasonally adjusted
annual rates, and quarterly changes in them are differences between these rates.
nents of GNP, together with the little
that is known about the others, yields
the flattening in the total.
In what follows, price and labor
market developments will be summarized before turning to motor vehicle
production, PCE and personal income,
and fixed investment.
Prices.—Deceleration in the increase in GNP prices continued in the
second quarter. The increase in GNP
prices, as measured by the fixedweighted price index, was down substantially from annual rates of 5 percent in the first quarter and 7%-10%
percent in 1981. The second-quarter
deceleration was most marked in PCE
prices, but extended to prices paid by
investors and government.
Within PCE prices, the second-quarter deceleration was largely due to
energy and food. Energy prices were
down sharply, after a small decline in
the first quarter. For gasoline, which
makes up about one-half of PCE on
energy, prices have weakened over
the past several quarters, largely due
to the worldwide excess supply of oil.
On a monthly basis, consumer gasoline prices declined sharply from January through April; in May, however,
there was a turnaround, and gasoline
prices increased substantially. Food
prices decelerated in the second quarter, from the 5 ^-percent increase registered in the first. Except in January, when prices of fruits and vegetables were affected by weather
damage, consumer food prices showed
small monthly changes—some up and
some down—through April. In May,
prices increased substantially: meat
and poultry, fruits and vegetables,
and cereals contributed to a turnaround.
Labor markets.—The unemployment rate rose to 9.5 percent in May,
from 8.8 percent in the first quarter.
At 9.5 percent, the rate surpassed the
post-World War II high of 9.0 percent
set in 1975 (chart 1). The rates for
adult men and adult women also were
up 0.7 percentage points from the
first quarter, to 8.4 percent and 8.3
percent, respectively. Teenage unemployment was 23.1 percent in May; for
teenage blacks, the rate was 49.8 percent.
Employment as measured by the
household survey increased 563,000
from the first quarter to May; all of
the increase was from April to May.
As measured by the payroll survey,
however,
employment
declined
439,000 over the same period. Most of
the decline had occurred by April;
May showed no change. As in recent
quarters, the declines were widespread, but were particularly large in
manufacturing. Employment in manufacturing dropped 310,000, of which
221,000 was in durables (table 1).
Average weekly hours, which typically lead economic activity, stabilized
in recent months. Hours for the total
Table 1.—Employment by Industry
[Seasonally adjusted; thousands]
Change
1982:
May
1981:
IV1982: 1
1982: 11982
May
546
439
89,969
571
-1
108
-462
411
-42
-59
-310
24,177
1,158
3,899
19,120
-333
-57
-48
-69
-221
-65
-33
-76
11,341
958
1,472
2,365
-29
-51
-80
-129
-3
8
-16
-22
-89
-6
2,039
1,760
2,747
7,779
1,653
-85
0
-34
-3
1,162
1,273
-11
-31
-14
-31
1,078
2,613
Total
Mining
Durable goods, except electrical
Primary metal products ....
Fabricated metal products . .
Electric
and
electronic
Transportation equipment ..
Other
Food and kindred products..
Apparel and other textile
Printing and publishing
Chemicals and allied prodOther
24
-27
65,792
34
-29
80
-49
-17
-6
5,064
5,325
15,304
2
60
-56
Transportation and public utilities
Wholesale trade
-2
53
-6
5,327
18,920
15,852
Finance, insurance, and real
Source: Bureau of Labor Statistics.
SURVEY OF CURRENT BUSINESS
June
CHART 1
Unemployment Rate
Percent
I IIIIIIIIIIIIIIIIIIIII
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
Note —Business cycle peaks (P), and troughs (T), are turning points in economic activity, as designated by the National Bureau of Economic Research, Inc Shaded areas represent recessions
Data BLS
U S Department of Commerce, Bureau of Economic Analysis
private nonfarm economy, which had
fallen from 35.4 in the first quarter of
1981 to 34.9 in March and April of
this year, increased to 35.0 in May.
Overtime hours in manufacturing,
which had fallen from 3.0 in the
second quarter of 1981 to 2.3 in
March, increased to 2.4 in April and
May.
Motor vehicles
Motor vehicle production increased
sharply in the second quarter, after
three quarters of decline. Although
truck production contributed to the
step-up, most of it was in auto production, which registered the first substantial increase in a year and a half.
Auto production had been cut in the
first quarter, and extensive sales incentive programs put in place to
reduce an overhang of inventories.
With inventories in better balance by
the end of the quarter, production
was stepped up in the second quarter
to put it in line with sales.
The sharp increase in domestic car
production was from an extremely
low level in the first quarter. The
step-up closed the gap between production and sales, which—based on
information through the first 10 days
of June—were little changed from 6.0
million (seasonally adjusted annual
rate) in the first quarter. Inventories
remained at about the first-quarter
level of 1,081,000 (seasonally adjusted)
and the inventory-sales ratio remained at about 2.2.
Total new car sales were down
slightly from 8.3 million in the first
quarter (chart 2). Sales of large (fullsize plus intermediate) domestic cars
increased, but sales of small (subcompact plus compact) domestic cars and
imported cars (which are nearly all
subcompacts and compacts) declined.
Over the last two quarters, the
market share of total sales accounted
for by large domestic cars climbed
from 34% percent to 42 percent. The
share of small domestic cars declined
from 35^ percent to 33 percent and of
imported cars from 30 percent to 25
percent over the same period. The
shift toward large domestic cars from
small domestic and imported cars
may partly reflect a lessening in the
importance of fuel economy as a
factor in new car buying. After sharp
increases in 1979 and 1980, gasoline
prices began falling in the second
quarter of 1981, and, by May 1982,
were 9% percent below their year-earlier level.
Incentive programs to stimulate domestic sales continued in the second
quarter. In the first quarter, the sales
incentives consisted of cash rebates to
purchasers. Sales incentives in the
second quarter were largely in the
form of extended warranties and interest rate subsidies, although a few
rebates on selected models were offered. The second-quarter programs
probably assisted in maintaining
sales, thereby moderating the "payback" period that has usually followed cash rebates. Prospects for
sales are brightened by a boost in disposable personal income due to the
income tax cut effective July 1 (see
below).
Total new truck sales declined from
2.7 million (seasonally adjusted
annual rate) in the first quarter, but
were above the 2.1-2.4 million range
that had prevailed the previous year
and a half. Sales of domestic light
(under 10,000 pound) trucks were
down slightly, after a sharp increase
in the first quarter. Sales of domestic
"other" (over 10,000 pound) trucks remained weak. The introduction of
new domestic compact pickups cut
sharply into imported truck sales,
which dropped to their lowest level in
4 years.
Personal income and PCE
Although the personal income total
increased more in the second quarter
than in the first, wage and salary disbursements increased at only one-half
their already slow first-quarter rate
(table 2). The deceleration was spread
across all major industries: Wages
and salaries in commodity-producing
industries fell at a faster rate, and in
distributive and service industries
and in government and government
enterprises increased at slower rates
than in the first quarter. For the
most part, these slowdowns paralleled
the declines in employment referred
to in table 1.
Farm proprietors' income declined
considerably less than in the first
quarter. The volume of crop and livestock production was down, as it had
been in the first quarter, but was
partly offset by a substantial increase
in prices.
SURVEY OF CURRENT BUSINESS
June
Improvements in other components
of personal income did not stem from
production. The step-up in transfer
payments was due to an increase in
unemployment insurance payments
and, to a smaller extent, to an increase in civilian and military retirement benefits. A pickup in personal
interest income reflected higher interest rates. In addition, personal contributions for social insurance, which
are subtracted in deriving the personCHART2
Retail Sales of New Passenger Cars
Million Units
12 TOTAL,-' \
11
10
V ^i"i*.'E ti'aplit JKiriStaASiJto-lSrirV>f* (
3 ITS
al income total, increased less than in
the first quarter, when they had been
boosted $3% billion by increases in the
social security tax rate and wage
base.
After no change in the first quarter, personal taxes increased only $4
billion in the second. In both quarters, taxes were held down by the
Crude Oil Windfall Profit Tax Act of
1980 and the Economic Recovery Tax
Act of 1981. Various exclusions under
these acts were introduced in the first
and second quarters, and they were
roughly equal in amount. In addition,
rate reductions on nonwithheld
income had been introduced in the
first quarter. Disposable personal
income increased more than in the
first quarter. Given the substantial
deceleration in PCE prices, real disposable personal income registered its
largest increase—3 percent at an
annual rate—in more than a year.
Two special factors will boost disposable income in the third quarter. The
first is a cost-of-living increase in
social security benefits, effective July
1, which will raise personal income
about $11 billion. The second is a cut
in personal taxes under the Economic
Recovery Tax Act of 1981, also effective July 1. It will amount to about
$32 billion.
Personal outlays increased less in
the second quarter than in the first.
In real terms, a deceleration in PCE,
which dominates personal outlays,
was largely due to the swing in the
motor vehicle component of PCE from
a large first-quarter increase to a
small second-quarter decline. In contrast to the motor vehicle component,
nonvehicle PCE strengthened slightly.
Furniture and equipment purchases
increased after several quarters of decline, and gasoline and fuel oil increased after several quarters of decline or no change. The increase in
gasoline purchases was partly a response to the decline in prices. On a
monthly basis, except in March, total
PCE has increased since December
and nonvehicle PCE since January.
The annual rate of increase was 4
percent for total PCE, and 3% percent
for nonvehicle PCE.
traceable to the course of housing
starts, which construction expenditures follow with a lag.
As noted earlier, although information about second-quarter nonresidential fixed investment is sketchy, it is
clear that there was a substantial decline centered in PDE. PDE had
weakened during 1981, and, although
its pattern was dominated by the irregular decline of motor vehicles,
other PDE had fallen off as well. In
the first quarter of 1982, motor vehicles had increased, but in the second
they declined. For nonvehicle PDE,
the major source of information is the
Census Bureau's monthly (M-3)
survey of manufacturers' shipments,
inventories, and orders. Shipments,
after this year's high in February, fell
sharply through April. If it is assumed that there is a slight recovery
in May and June from April's depressed level, shipments indicate a
second quarter substantially lower
than the first. Continued drops in
purchases of agricultural equipment,
construction machinery, mining and
oil field equipment, and aircraft are
Table 2.—Personal Income and Its Disposition:
Change From Preceding Quarter
[Billions of dollars; based on seasonally adjusted annual rates]
rv
Wage and salary disbursements..
Manufacturing
Other commodity producing . .
Distributive
Services
Government and government
enterprises
Proprietors' income
1979
1980
1981 1982
Seasonally Adjusted at Annual Rates
NOTE —The components may not add to the total because each category
was separately adjusted for seasonal variation. Data for Ihe most recent
quarter are projected
Data Motor Vehicle Manufacturers Association of Ihe United States,
Inc and Ward's Automotive Reports, seasonal adjustment by BEA
U S Department of Commerce, Bureau of Economic Analysis
82 e 2
Fixed investment
Residential investment registered a
decline of about the same size as in
the first quarter and less than in the
free fall of 1981. The decline is largely
24.0
16.1
7.9
-2.9
3.7
4.2
10.3
-12
.9
4.3
8.2
-.7
-34
25
6.3
8.8
40
-.2
-.9
Farm
Nonfarm
12.9
Personal interest income
n«
I
-1.2
3.0
-8.3
-19
-7.5
-1.9
-.8
.1
10.0
13.4
Transfer payments
4.7
7.3
14.4
Other income.
58
4.3
34
... •
Less. Personal contributions for
social insurance
Less: Personal tax
nontax payments
Impact of legislation
Other
Equals: Disposable
income
1.6
44.8
Personal Income
and
personal
-1.7
-15.9
143
4.6
1.5
24.8
35.7
0
-10.2
10.2
3.8
-4.2
8.0
46.5
24.8
31.9
Less: Personal outlays
254
39.0
23.9
Equals: Personal saving
21.2
Addenda. Special factors
personal income—
1976
1982
1981
8.0
in
Cost-of-living increases in
Federal transfer payments ..
Social security base and rate
changes (in personal contributions for social insurance)
Federal pay raise
•Projected.
-14.1
5
.4
6.2
34
.3
24
SURVEY OF CURRENT BUSINESS
indicated, reflecting the particularly
severe problems of the industries investing in these kinds of PDE. In addition, a large drop is indicated for
purchases of computers.
Nonresidential structures, which
had registered substantial increases
throughout 1981, leveled off in the
first quarter and held even in the
second. Through the fourth quarter of
1981, industrial construction, public
utility construction, and oil and gas
well drilling had increased. Subsequently, they turned down and were
offset in the total by a pickup in commercial, particularly office, construction.
The recent weakening in nonresidential fixed investment is consistent
with the results obtained from the
BEA survey of expenditures for new
plant and equipment. As discussed
later in this issue, business plans
were revised down substantially from
the plans reported 3 months ago. This
downward revision, and also the
planned low level of investment in
1982—a 2.4-percent decline in real
terms from 1981—appears to reflect
the poor performance of profits (see
the next section of the "Business Situation"), the extremely low utilization
rate of manufacturing capacity, and
near-record long-term interest rates.
Table 3.—Gross Domestic Product and Unit Profits, Prices, and Costs of Nonfinancial Corporate
Business
[Dollars, seasonally adjusted, unless otherwise noted]
1981
m
1982
IV
901.1
Per unit:
Profits
883.0
Percent change
from preceding
quarter at annual
rates
I
875.4
-7.8
-3.4
-328
-37.6
Costs
Labor
.169
.153
136
1.954
1999
2013
9.5
28
1295
490
1336
.510
1.361
516
133
17.4
7.7
48
NOTE —For full specifications of items, see National Income and Product Accounts Tables 1.13 and 7 7
For nonfinancial profits, detail by
industry is available for a measure of
profits that includes the inventory
valuation but not the capital consumption adjustment. According to
this measure, profits of manufacturing corporations accounted for about
three-quarters of the decrease in profits of nonfinancial corporations. Decreases in profits occurred for most
manufacturing industries, where the
weakening in economic activity can
be traced with constant-dollar sales. A
decrease in the profits of primary
metals manufacturers reflected both a
decrease in their sales and level or declining prices for metals, especially
nonferrous metals. The losses of
motor vehicle manufacturers increased as their output slumped furFirst-Quarter Corporate
ther and they incurred the costs of
Profits
rebate programs, which were used
primarily to reduce excessive dealer
inventories. Profits of food manufacIn the first quarter of 1982, corpo- turers decreased despite a sales inrate profits from current production— crease; profit margins were squeezed
profits with inventory valuation and as prices for processed foods failed to
capital consumption adjustments—de- increase as rapidly as crude food
creased $25% billion to $152 billion, prices. A decrease in the profits of pefollowing a decrease of $18 billion in troleum manufacturers reflected dethe fourth quarter of 1981. The first- clining petroleum product prices as
quarter decrease was largely account- well as a decrease in their sales. Profed for by domestic profits of nonfinan- its of most nonmanufacturing nonficial corporations, which decreased nancial industries also decreased.
$16% billion to $118 billion, following Profits of retail trade corporations ina $17 billion decrease in the fourth creased, however, despite a decrease
quarter. The decreases in nonfinan- in their constant-dollar sales. The incial profits resulted from the weaken- crease was almost entirely due to a
ing in economic activity, traced in swing from losses to profits for auto
table 3 by the decline in real gross do- dealers, whose unit auto sales inmestic product of nonfinancial corpo- creased within the overall retail trade
rate business, and lower profits per sales decrease.
unit of output. The lower unit profits
Domestic profits of financial corporeflected faster increases in labor and rations decreased $% billion to $18%
nonlabor costs than in unit prices.
billion in the first quarter, following
June
an equal decrease in the fourth. The
first-quarter decrease was more than
accounted for by a decrease in the
profits of insurance companies. Profits of Federal Reserve banks—which
are treated as part of corporate business in the national income and product accounts (NIPA's)—and commercial banks increased, and losses of
savings and loan associations and of
mutual savings banks decreased
slightly. The increase in profits of
Federal Reserve banks resulted from
increased holdings of long-term Federal Government debt instruments and
from increased average interest rates
on these debt instruments.
Profits from the rest of the world
decreased $8% billion to $15% billion
in the first quarter, following a decrease of $% billion in the fourth. The
first-quarter decrease was primarily
in the rest-of-the-world profits other
than those on the foreign petroleum
operations of U.S. corporations and
reflected weak growth or recessions in
the economies of most industrial nations.
Other profits
measures.—Profits
before tax decreased $41 billion to
$172 billion in the first quarter, following a decrease of $21% billion in
the fourth. These profits exclude the
inventory valuation adjustment (IVA)
and capital consumption adjustment
(CCAdj).2 Inventory profits—the IVA
with sign reversed—decreased $12%
billion to $10 billion, and profits at(Continued on p. 16)
2. The IVA and CCAdj are defined in National
Income and Product Accounts of the United States,
1929-1976: Statistical Tables, U.S. Department of
Commerce, Bureau of Economic Analysis (Washington, D.C.: U.S. GPO. 1981).
SURVEY OF CURRENT BUSINESS
June
National Income and Product Accounts Tables
The tables that follow are presented in eight groups, and the table numbers reflect these groups. The same numbers are used in other
publications presenting national income and product account estimates. The groups are:
1. National product and income
2. Personal income and outlays
3. Government receipts and expenditures
4. Foreign transactions
The abbreviations used in the tables are: CCAdj
IVA
NIPA's
5. Saving and investment
6. Product and income by industry
7. Implicit price deflators and price indexes
8. Supplementary table: Percent change from preceding period for
selected items
Capital consumption adjustment
Inventory valuation adjustment
National income and product accounts
Preliminary
Revised
The NIPA estimates for 1929-76 are in The National Income and Product Accounts of the United States, 1929-76: Statistical Tables (Stock
No. 003-010-00101-1, price $10.00). Estimates for 1976-79 are in National Income and Product Accounts, 1976-79 (Stock No. 003-010-72188-0,
price $3.75). Additional estimates for 1980 are in the July 1981 SURVEY. These publications are available from the Superintendent of Documents
and Commerce Department District Offices; see addresses inside front cover.
Table 1.1-1.2.—Gross National Product in Current and Constant Dollars
Billions of 1972 dollars
Billions of dollars
Seasonally adjusted at annual rates \
Seasonally adjusted at annual rates
1980
1981
1980
IV
1982
1981
I
II
III
IV
1981
1,810.1 1,829.1 1,883.9 1,908.3 1,946.7
1980
IV
I'
2,626.1 2,925.5 2,730.6 2,853.0 2,885.8 2,965.0 2,998.3 2,998.4
1,672.8 1,857.8 1,751.0
1980
1982
1981
I
1,480.7 1,510.3 1,485.6 1,516.4
II
III
IV
I'
1,498.4 1,484.5
1,510.4
1,515.8
935.1
958.9
946.8
960.2
955.1
962.8
957.5
965.4
135.8
3584
4409
139.4
3673
4522
1391
3604
4473
1468
3645
4489
1374
367.0
4507
1403
3688
4537
1331
3688
455.6
1382
3679
4592
Durable goods
211.9
675.7
7852
395.3
450.5
397.7
437.1
458.6
463.0
443.3
393.8
203.6
214.8
200.5
211.6
219.7
221.5
206.3
184.4
Fixed investment
401.2
296.0
1088
1871
1053
1003
20
30
-5.9
-47
-12
4344
328.9
1257
2031
105.5
1000
23
32
16.2
13.8
2.4
4151
302.1
111.5
1907
113.0
1076
2.2
31
-17.4
-14.0
-3.4
4327
3159
117.2
1987
1167
111.4
2.2
3.2
45
68
-24
4353
3246
123.1
201.5
1107
1054
21
3.2
23.3
21.5
18
4356
3351
1283
206.8
1005
949
23
33
275
231
44
434.0
3398
1343
2055
942
884
25
33
9.4
37
56
430.6
338.4
135.3
203.1
92.2
86.6
2.4
32
-368
-357
-11
2066
1584
484
110.0
481
452
9
2.0
-29
-24
-5
2076
1624
510
111.4
452
422
10
20
7.1
59
12
2076
1570
478
1093
506
475
10
20
-72
-56
-15
213.1
1620
496
112.4
510
480
9
21
-14
-3
-11
2089
161.1
504
110.7
47.8
448
9
20
108
99
9
2065
1639
515
1124
42.7
397
10
2.0
149
12.8
22
2011
162.7
526
110.1
39.4
364
10
20
42
13
29
2014
1630
52.5
1105
38.4
355
10
1.9
-171
-16.5
-6
Nonfarm structures
Producers' durable equipment
Nonfarm
232.0
743.2
882.6
2233
703.5
824.2
2383
7260
845.8
227.3
735 3
866.5
2362
751.3
896.4
2264
760.3
921.5
237.4
762.4
946.9
Government purchases of goods and services
23.3
26.0
23.3
29.2
20.8
29.3
24.7
31.5
52.0
44.9
48.5
50.9
46.2
432
39.2
39.3
339.8
316.5
Net exports of goods and services .
367.3
341.3
346.1
322.7
3674
3382
3682
347.5
3680
338.7
3656
341.0
3569
3254
161.1
1091
1604
115.5
1574
108.9
1625
1116
1615
1154
1601
116.9
1574
118.2
1521
112.8
State and local
534.7
591.2
558.6
576.5
577.4
588.9
622.0
626.4
290.0
291.7
289.8
293.6
289.5
288.3
295.4
295.5
198.9
131.7
67.2
3358
Federal
National defense
230.2
154.3
75.9
3610
2120
1416
70.4
3466
221.6
1452
764
354.9
2195
148.2
713
357.9
2264
1541
72.2
3625
253.3
1697
83.5
368.7
2536
1697
839
372.8
1081
709
372
181.9
111.5
73.9
376
1802
1074
719
354
182.4
1112
72.1
390
182.5
1087
72.6
36.1
180.7
1096
740
356
178.8
116.6
769
397
1788
1177
763
414
177.8
Table 1.3-1.4.—Gross National Product by Major Type of Product in Current and Constant Dollars
2 626 1 2 925 5 2 730 6 2 853 0 2 885 8 2 965 0 2 998 3 2 998 4
Change in business inventories
Goods
Final sales
Durable goods .
1 480 7 1 510 3 1 485 6 1 516 4 1 510 4 1 515 8 1 498 4 1 484 5
26320 29094 27480 28485 28625 29376 29890 30353
-5.9
16.2 -17.4
9.4 -36.8
4.5
23.3
275
1 483 6 1 5032 1 4927 1 517 8 1 499 6 1 500 9 1 494 2 1 501 6
4.2 -171
149
71
-72
108
-2.9
1 130 4 1 272 3 1 169 0 1 247 5 1 257 0 1 298 3 1 286 4 1 263 2
665 2
684 9
6629
688 9
686 3
691 9
1,136 3 1,256 1 1,1863
59
162
17 4
6681
29
677.8
71
670.1
72
690.3
14
675.5
10 8
6770
14 9
6684
42
677.9
17 1
279.4
2813
19
3857
3868
11
2821
2791
30
4028
3987
41
2818
2815
3
381 1
388 6
75
2893
292 5
31
3996
397 9
17
2886
2797
89
3977
395 8
19
287.0
279 2
78
404 9
397 8
71
263.5
265 0
15
4091
403 4
57
2549
2707
15 8
405 9
407 2
13
695 7
1198
707 9
1174
701 7
121 0
703 6
123 9
704 7
119 4
709 9
114 0
7134
112 5
713 0
110 6
458.6
4626
40
6719
6737
18
506.9
4995
74
7654
7566
87
476.7
4760
7
692.2
7103
181
1,243.1 1,233.7 1,270.8 1,277 0 1,300 1
36 8
233
275
94
45
501.4
5055
42
7461
7375
86
5169
4983
185
7401
7353
48
525.2
5066
186
773.0
7642
89
4842
4875
33
8022
7895
127
459.8
4958
359
8034
8043
9
1 2296 13717 1 2853 13171 1 344.7 13905 14344 1 460 1
276.3
276.4
288.4
284.1
277 5
2751
266.0
281.6
Addenda:
26028 28996 27073 28238 2 865.1 29358 29737 29669
26087 2 883.4 2,724.6 2,819 3 2,841 8 2,908 3 2,964 3 3,003 7
14287 14654 1437 1 14655 14642 1 472 6 1 459 2 1 445 2
1,431 7 14583 14442 14669 14535 14577 14550 14623
1 Gross domestic purchases equals GNP less exports plus imports, final sales to domestic purchasers equals final sales less exports plus imports
6608
6
June
SURVEY OF CURRENT BUSINESS
Table 1.5-1.6.—Gross National Product by Sector in Current and Constant Dollars
Billions of dollars
Billions of 1972 dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1981
1980
1980
1981
IV
Gross national product. . .
1982
I
II
III
IV
Households and institutions
Federal
State and local
Rest of the world
Addendum:
Gross domestic business product less bousing
2,871.1
2,480 1
2,408.5
2,168.3
2402
72.4
-.8
977
6.9
90.8
2933
900
203.3
54.4
2,682.0
2,311 4
2,248 6
2,025.3
223.3
694
-66
90.4
6.9
835
280.3
871
193.3
48.6
2,800.7
2,420 8
2,350.1
2,120 2
2299
67.3
3.4
939
70
86.9
2859
87.9
198.0
52.3
2335.5
2,449 2
2,383 7
2,147.3
236.4
724
-69
964
6.9
89.5
289.9
882
2016
50.4
2,909.4
2,517.6
2,442.2
2,198.7
2435
75.2
2
98.4
6.9
915
2935
88.5
2050
55.6
2,938.8
2,532 7
2,458.0
2,207.0
251.0
746
2
1020
6.9
95.1
304.0
953
208.7
59.6
2,946.4
2,532 1
2,463.4
2,205 5
257.9
69.4
-7
1053
6.9
985
308.9
96.2
2127
52.1
2,008 4 2,239 9 2,088 0 2,191.0 2,212 8 2,274 1 2,281 7 2,274 2
Table 1.7.—Relation of Gross National Product, Net National Product,
National Income, and Personal Income
1981
1980
IV
]'
2,626.1 2,925.5 2,730.6 2,853.0 2385.8 2,965.0 2,998.3 2,998.4
2,576.5
2,221.2
2,153.7
1,940.9
212.8
68.1
-7
859
6.7
792
269.3
81.9
1874
49.7
1981
1980
I
II
1982
III
IV
I'
1,480.7
1,510.3
1,485.6
1,516.4
1,510.4
1,515.8
1,498.4 1,484.5
1,452.4
1,251.8
1,216 8
1,084 5
1323
353
-4
45.4
35
41.9
1552
492
1060
28.3
1,481.9
1,280.1
1,242 7
1,105.4
1374
377
-4
470
3.3
437
154.9
490
105.9
28.3
1.458.9
1,257.5
1,227 9
1,093.7
1342
332
-3.6
461
34
42.7
155.3
48.9
106.3
26.7
1,488.4
1,286 4
1,250.9
1,115.4
135.5
33.6
18
467
3.4
432
155.3
49.0
1064
28.0
1,483.8
1,281 8
1,248.9
1,112.1
136.8
365
-36
469
33
43.5
1552
49.0
106.2
26.6
1,487.1
1,285 7
1,246.2
1,108.2
1379
39.4
1
468
3.3
436
1546
49.0
1056
28.7
1,468.4
1,266.4
1,225 0
1,085.7
1392
414
.1
475
32
44.3
1545
49.0
1054
30.0
1,119.5 1,142 7
1,123.3 1,150.8
1,145 0 1,147.8
1,458.5
1,256 0
1,218.9
1,078.5
1404
37.4
-.4
48.0
3.2
449
1544
491
105.3
26.0
1,127 2 1,115.6
Table 1.11.—National Income by Type of Income
Billions of dollars
1980
1981
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
IV
Gross national product
Less
Capital consumption allowances with CCAdj
Capital consumption allowances
Less: CCAdj
Equals: Net national product
Less:
Indirect business tax and
nontax liability
Business transfer payments
Statistical discrepancy ...
Plus: Subsidies less current
surplus of government
enterprises
Equals: National income. ...
Less
Corporate profits with
IVA and CCAdj
Net interest
Contributions for social
insurance
Wage accruals less disbursements
Plus.
Government transfer payments to persons ... .
Personal interest income .
Personal dividend income ..
Business transfer payments. . .
1982
1981
1980
I
III
II
IV
2,626.1 2,925.5 2,730.6 2,853.0 2,885.8 2,965.0 2,998.3 2,998.4
2873
321.7
2989
3065
316.7
224 1
-631
2570
-647
2337
-652
2432
-63.3
251 9
-649
3265
261.7
-64.8
3369
343.1
2711
-65.7
2804
-62.7
2,338.9 2,603.9 2,431.7 2,546.4 2,569.1 2,638.5 2,661.5 2,655.4
2123
2511
2280
245.5
2494
2540
2554
2502
105
-7
116
-8
109
-6.6
112
34
115
-69
118
.2
121
2
124
-7
46
52
5.4
47
57
51
54
44
2,121.4 2,347.2 2,204.8 2,291.1 2,320.9 2,377.6 2,399.1 2,398.0
182.7
1798
2154
1833
1933
2030
2008
1903
2110
1957
2202
177.6
229.7
152.2
2386
2037
238.9
2123
2337
2363
2406
2450
2536
0
0
-.5
0
0
2
-.1
-2
1917
1980
1981
I'
IV
National income
Compensation of employees
Wages and salaries ... .
Government and government enterprises .
Other
Supplements to wages
and salaries.
Employer contributions for social insurance
Other labor income .
1981
I
II
1982
III
IV
2,121.4 2,347.2 2,204.8 2,291.1 2,320.9 2,377.6 2,399.1 2,398.0
1,598.5 1,771.6 1,661.8 1,722.4 1,752.0 1,790.7 1,821.3 1,844.7
1,343 6 1,482.8 1,397.3 1,442.9 1,467.0 1,498.7 1,522.5 1,538.5
253.6
2739
263.3
2671 2705 274.7
283.2
2871
1,090.0 1,208.8 1,134 0 1,1757 1,1964 1,224 0 1,239.2 1,251 3
2888
264.5
2795
2851
292.0
2988
3062
1158
137.1
1347
154.1
1210
1435
1315
1480
133.2
1518
1356
1563
1384
160.4
142.4
1638
130.6
134.8
134.0
132.1
134.1
137.1
135.9
127.6
23.4
22.4
225
189
217
247
244
169
30.3
-69
301
-7.7
29.6
-7.2
261
-72
293
-76
32.6
-79
32.6
-8.2
253
-84
107.2
112.7
-37
-1.9
112.4
116.1
-1.6
-21
1116
1175
-4.0
-2.0
113.2
1174
-2.5
-1.7
112.5
115.7
-12
-2.0
1124
115.9
-1.4
-22
111.5
115.4
-15
-2.4
1107
1128
-.2
-1.9
Rental income of persons
with CCAdj
31.8
33.6
32.4
32.7
33.3
33.9
34.5
34.8
Rental income of persons
CCAdj
64.9
-33.1
70.0
-36.4
664
-339
682
-355
693
-359
70.5
-366
719
-374
724
-375
182.7
191.7
183.3
203.0
190.3
195.7
177.6
152.2
1998
2056
201.0
2177
2051
2091
190.4
1619
245.5
82.3
1632
560
233.3
77.7
1555
631
2495
852
1643
577
2570
877
169.2
596
229.0
764
152.7
62.0
234.4
781
156.3
648
212.8
688
144.0
660
171.8
537
118.1
66.8
Proprietors' income with
IVA and CCAdj
Farm
Proprietors'
with IVA
CCAdj
income
Proprietors' income . .
IVA
CCAdj
3216
308.5
61.3
3031
2697
561
3084
288.7
58.0
3127
3009
60.2
330.4
315.7
63.0
334.8
3287
641
3418
3387
647
105
116
109
112
115
118
12.1
12.4
Corporate profits with IVA
and CCAdj
Equals: Personal income.. . . 2,160.2 2,404.1 2,256.2 2,319.8 2,368.5 2,441.7 2,486.5 2,511.4
Corporate profits with
IVA
Profits before tax
Profits tax liability
Profits after tax ...
Dividends
Undistributed
profits
107.2
Gross national product
1,480.7 1,510.3 1,485.6 1,516.4 1,510.4 1,515.8 1,498.4 1,484.5
Less Capital consumption
1542
1558 1574
152.4
1475 1534
149.5 151.2
allowances with CCAdj
Equals: Net national prod1,333.2 1,356.9 1,336.1 1,365.2 1,358.0 1,361.6 1,342.7 1,327.1
uct
Less: Indirect business tax
and nontax liability plus
business transfer payments less subsidies plus
current surplus of govern155.1 1556
1490
153.9 151.9 1532 1529 154.6
ment enterprises
.1
.1
-4
-36
-4
-.4
-36
Statistical discrepancy ....
1.8
Equals: National income
1,184.6 1,203.4 1,187.8 1,210.3 1,208.7 1,206.9 1,187.5 1,171.8
924
1066
109.6
906
IVA
[Billions of 1972 dollars]
I'
252.9
2838
256.3
54.4
Table 1.8.—Relation of Gross National Product, Net National Product,
and National Income in Constant Dollars
1980
-457
-27.7
-484
-392
-24.0
-253
-22.3
CCAdj
-17.2
-139
-178
-14.7
-14.7
-13.4
-12.8
91.5
78.0
51.3
-9.9
-9.7
Net interest
179.8
215.4
193.3
200.8
211.0
220.2
229.7
238.6
Addenda:
Corporate profits after
tax with IVA and
CCAdj
Dividends .
. . .
Undistributed
profits
with IVA and CCAdj . .
1003
560
1139
631
98.1
57.7
115.3
596
1140
62.0
117.6
64.8
1089
66.0
98.5
668
443
50.8
404
55.7
B20
528
429
317
SURVEY OF CURRENT BUSINESS
June
Table 1.13.—Gross Domestic Product of Corporate Business in Current Dollars and Gross Domestic Product of Nonfmancial Corporate Business
in Current and Constant Dollars
Billions of dollars
Billions of dollars
Seasonally adjusted at annual rates
1980
1981
IV
Gross domestic product of corporate
business
Capital consumption allowances with CCAdj .. .
1981
1980
I
III
II
1977
1832
1946
1875
1980
Net domestic product
Indirect business tax and
Net domestic product. .
Indirect business tax and
nontax liability plus
business transfer payments less subsidies ..
1,441.1 1,616.9 1,504 8 1,587 3 1,602 5 1,639 5 1,638.5 1,632 6
Domestic income
Compensation of employees
Wages and salaries .
Supplements
to
wages and salaries .
Corporate profits with
IVA and CCAdj . ...
1,281 8 1,425.5 1,332 4 1,400 1 1,4122 1,445.5 1,444 1 1,443.1
1593
Profits before tax . . .
Profits tax liability
Profits after tax ....
Dividends
Undistributed
profits.
IVA
CCAdj
Net interest
Gross
domestic
product of financial
corporate
business.
1914
172.5
1902
1872
1940
1894
194.3
1,103.1 1,226 7 1,147 8 1,193.3 1,214.0 1,242 5 1,256 9 1,269 8
9179 1,0160
954.6
9891 1,006.0 1,0294 1,039.5 1,047 5
1852
2107
1932
2041
208.0
213.1
217.4
1675
1556
1776
167.6
171.1
1537
136.9
2144
82.3
132.0
374
2091
777
131 4
470
221.8
85.2
231.5
877
2098
781
1565
537
14o o
1 Q1 Q
IOJL.O
188.8
68.8
-l q/> £
•i in a
206.2
764
1 9fi u
l&U ft
437
455
491
498
843
-277
-13.9
31.3
97 1
-48.4
-17.8
290
1001
-39.2
-147
293
84.3
-24.0
-147
307
827
-253
-134
319
702
-223
-128
33.5
517
-9.9
-97
36.4
81.3
81.8
83.3
IV
I'
1846
589
125.7
507
191.3
659
125.4
427
2029
681
134.8
46.9
1819
57.8
1241
488
1872
59.5
1276
525
1664
502
1162
53.4
134.5
34.2
100.3
54.6
80.3
-457
-144
561
753
-277
-10.5
64.5
82.7
-484
-14.7
599
87.9
-39.2
-11.6
60.5
754
-240
-114
634
752
-253
-99
658
62.8
-223
-91
683
45.8
-99
-6.0
71.2
883.0
875.4
Billions of 1972 dollars
Gross domestic product of nonfinancial
corporate business .
867.2
896.6
876.9
901.0
901.2
901.1
Capital consumption allow-
80.3
80.8
84.7
1982
III
1838
631
1206
40.4
512
946
-457
-172
27.2
II
1,369.3 1,546.3 1,431.7 1,513.1 1,532 6 1,570.6 1,569 0 1,562.3
1 fi9 o
1UZ 8
395
Profits before tax
Profits tax liability .
Profits after tax
Dividends
Undistributed
profits
IVA .
CCAdj
Net interest
222.3
151.5
lOO O
1981
I
business transfer payments less subsidies .
1525
183.3
1651
1792
185.7
1821
186.0
181.3
Domestic income
1,216.9 1,363 1 1,266.6 1,333.9 1,350.5 1,384.9 1,383 0 1,381 0
Compensation of employees
1,037 2 1 1522 10785 11213 1 1406 1 1672 1 1797 1 191 2
Wages and salaries .
8642
955.6
8982 9307
9683 '9770 '984.1
9465
Supplements
to
wages and salaries .
1729
1966
1804
1905
1941
202.7
207.2
1989
Corporate profits with
IVA and CCAdj
....
123.6
146.4
1282
1521
1465
1520
1349
118.6
2117
207.7
1980
IV
1,844.3
201.1
1981
I'
IV
1,616.5 1,814.7 1,688.0 1,774.8 1,797.1 1,840.6
175.4
Seasonally adjusted at annual rates
1982
82.5
88 1
Gross
domestic
product of nonfinancial corporate business . . 1,535.2 1,732.9 1,604.7 1,690.1 1,716.3 1,760.3 1,764.8 1,761.8
Capital consumption allow183.7
ances with CCAdj
1659
1866
173.0
177.1
189.7
1959
1996
Net domestic product
Indirect business tax and
nontax liability plus
business transfer payments less subsidies ...
Domestic income . .
91 8
89 4
904
91 2
92 3
93 2
779.0
804.8
787.5
810.6
8100
8088
7898
781.3
95.4
6836
97.3
7075
972
6903
975
7131
96.7
713.3
977
711.1
97.4
6924
97.8
6834
Table 1.14-1.15.—Auto Output in Current and Constant Dollars
Billions of 1972 dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1980
1981
1980
1981
I
IV
II
1982
III
IV
1980
1981
1980
1982
1981
IV
I'
I
II
III
1'
IV
60.2
Personal consumption expenditures
Exports
Government purchases
New...
Used
69.6
68.8
68.1
73.6
76.8
60.2
56.2
38.6
41.8
42.8
42.8
44.3
44.8
35.1
32.8
62.2
618
46.2
15.6
12.4
212
-88
-12.9
4.0
16.8
8
-1.9
-13
-.6
69.2
68.0
49.6
184
143
243
-100
-13.9
3.9
178
.8
.4
.2
.2
65.5
661
488
17.3
125
224
-9.9
-13.9
39
178
8
3.2
35
-.3
77.9
756
57.4
182
13.7
24.7
-110
-122
41
16.3
.8
-9.8
-108
10
62.7
63.3
443
190
129
223
-9.4
-14.2
4.0
182
7
10.9
12.5
-1.6
75.2
70.2
516
186
172
288
-11.6
-13.1
46
177
9
1.6
-7
2.3
61.1
629
450
179
13.4
214
-7.9
-159
29
18.8
8
-.9
-2
-7
69.6
704
52.4
181
145
23.2
-87
-161
2.7
18.7
.8
-13.4
-136
2
39.9
36.5
286
7.8
85
132
-4.7
-5.5
24
80
.5
-1.3
-.9
-3
41.4
365
29.1
74
9.9
142
-4.3
-5.4
23
77
5
.3
2
.1
40.9
375
29.7
78
89
136
-4.7
-6.0
24
83
5
1.9
21
-.1
48.5
428
350
7.8
99
15.0
-50
-4.7
2.5
72
5
-5.7
-6.2
4
37.8
34.2
261
8.1
88
130
-4.3
-5.6
2.4
8.0
4
6.6
7.3
-.7
44.1
370
29.7
73
116
16.5
-4.9
-5.0
26
7.7
.5
.7
-2
1.0
35.4
32.3
258
65
9.1
12.2
-31
-6.4
1.6
8.1
4
-.2
0
-3
40.2
365
300
6.5
99
132
-3.3
-66
15
81
.4
-7.5
-75
.1
488
217
547
247
554
232
52.2
26.3
59.1
23.5
61.6
244
45.8
24.8
39.1
28.4
302
13.5
320
145
337
141
31.8
16.0
34.8
13.8
354
140
262
14.2
22.4
16.2
Addenda:
Sales of imported new autos z
Table 1.16-1.17.—Truck Output in Current and Constant Dollars
Truck output l
Net exports
27.0
27.7
27.0
28.5
25.4
27.3
28.6
13.8
13.1
14.3
13.6
13.9
12.1
12.8
13.4
27.2
8.1
17.0
-1.6
33
49
3.8
26.8
75
16.8
-1.0
33
43
35
27.6
7.8
16.9
-7
36
43
3.6
28.1
82
174
-1.1
34
4.5
3.7
27.4
86
175
-2.5
32
5.7
38
25.8
79
16.3
-2.2
31
53
3.9
30.9
11.1
18.4
-26
29
55
41
14.9
49
91
-.8
1.6
2.3
17
13.2
48
77
-10
15
2.5
1.7
13.7
4.5
82
-.7
16
23
1.7
13.9
4.7
8.0
-.6
1.7
2.3
1.7
13.7
4.8
80
-8
1.5
2.4
17
13.0
49
78
-14
1.4
2.8
17
12.0
45
71
-1.3
13
2.6
1.7
14.5
6.4
7.9
-1.5
1.2
27
1.7
2.1
Personal consumption expenditures
25.7
27 8
79
176
-11
31
41
33
-.2
.9
-.6
.4
-.1
.5
-.3
.2
Table 1.14-1.15:
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.
-2.0
1.5
-2.3
Table 116-1171 Includes new trucks only
-1.2
-1.0
.7
-1.1
8
SURVEY OF CURRENT BUSINESS
Table 2.1.—Personal Income and Its Disposition
June
Table 2.2-2.3.—Personal Consumption Expenditures by Major Type of
Product in Current and Constant Dollars
Billions of dollars
Billions of dollars
Seasonally adjusted at annual rates
1980
1981
1980
1982
1981
I
IV
III
II
Seasonally adjusted at annual rates
1980
I'
IV
1981
1980
2,160.2 2,404.1 2,256.2 2,319.8 2,368.5 2,441.7 2,486.5 2,511.4
Persona) income..
Wage and salary disbursements
Commodity-producing
industries
Manufacturing ....
Distributive industries . . .
Service industries
Government and government enterprises
1,343.7 1,482.7 1,397.8 1,442.9 1,467.0 1,498.5 1,522.5 1,538.6
Personal consumption expenditures . .. 1,672.8 1,857.8
Durable goods
4654
350.7
328.9
2957
512.7
387.3
3611
335.0
484.0
3649
340.6
310.0
5013
377.4
351.9
3225
5081
386.7
357.8
3305
5202
393.9
3653
3385
5210
391.0
3695
348.7
5207
389.8
3738
3569
2536
273.9
2633
2671
2705
2745
2833
287.3
Other labor income
137.1
154.1
143.5
148.0
151.8
156.3
160.4
163.8
Proprietors' income with
IVA and CCAdj
130.6
134.8
134.0
132.1
134.1
137.1
135.9
127.6
23.4
1072
224
112.4
225
1116
189
113.2
1125
217
24.7
112.4
244
1115
169
110.7
Rental income of persons
with CCAdj
31.8
33.6
32.4
32.7
33.3
33.9
34.5
34.8
Personal dividend income..
54.4
61.3
56.1
58.0
60.2
63.0
64.1
64.7
Personal interest income . . .
256.3
308.5
269.7
288.7
300.9
315.7
328.7
338.7
Transfer payments
294.2
333.2
313.9
319.6
324.2
342.2
347.0
354.3
1538
1804
165.3
1698
1720
188.5
191.2
15.5
16.0
175
155
156
159
156
15.9
148
15.9
160
16.4
182
164
42.8
667
485
72.8
457
69.9
467
71.7
485
723
489
740
49.9
734
507
74.6
124
54.3
134
594
13.1
568
133
583
13.6
587
13.4
605
13.3
601
141
605
I
1982
II
1,751.0 1,810.1
IV
III
1,829.1 1,883.9
I'
1,908.3 1,946.7
211.9
223.3
238.3
227.3
236.2
226.4
237.4
89.9
98.3
946
105.4
934
1016
928
1034
84.6
37.3
926
41.2
889
398
923
406
92.4
416
93.2
414
92.6
41.0
90.6
433
675.7
743.2
703.5
726.0
735.3
751.3
760.3
762.4
3457
104.8
890
1362
198
116.4
382.0
115.9
946
1507
210
1298
360.4
1094
905
143.3
205
1227
372.5
1134
93.5
1466
205
126.1
3778
1158
92.4
1494
21.0
1284
3865
1175
951
152.1
213
1308
3911
1170
974
1547
210
1338
3965
118.4
953
1523
19.0
1333
785.2
Motor vehicles and parts ...
Furniture and household
equipment.
Other
232.0
882.6
824.2
845.8
866.5
896.4
921.5
946.9
2720
1116
55.7
56.0
64.1
337.5
3067
1265
630
63.5
68.9
3805
2853
116.9
588
582
67.5
354.5
2936
1181
58.4
597
676
366.5
3021
123.4
615
619
67.9
373.0
310.9
130.5
655
65.0
696
3854
320.3
1339
665
67.4
704
396.9
3289
1391
707
68.4
710
4079
1944
160
15.0
1981
IV
Farm
Nonfarm
Old-age, survivors, disability, and health insurance benefits
Government unemployment insurance benefits
Veterans benefits
Government
employees
retirement benefits.
Other transfer payments .
Aid to families with dependent children
Other
Less: Personal contributions for social insurance
Less: Personal tax
nontax payments
87.9
104.2
91.2
102.3
103.1
105.0
106.5
338.5
388.2
359.2
372.0
382.9
399.8
398.0
398.1
1,821.7 2,016.0 1,897.0 1,947.8 1,985.6 2,042.0 2,088.5 2,113.3
1,720.4 1,908.4 1,799.4 1,858.9
Per capitaCurrent dollars
1972 dollars . .
Population (millions)
Personal saving as percentage of disposable
personal income
1,879.0 1,935.1 1,960.5 1,999.5
1,672.8 1,857.8 1,751.0 1,810.1 1,829 1 1,8839 1,908 3 1,946.7
464
49.5
468
47.8
48.9
Personal consumption expenditures
503
512
516
12
1.0
16
1.0
1.0
10
10
107.6
97.6
88.9
106.6
106.9
128.0
113.8
960.2
955.1
962.8
957.5
965.4
139.1
146.8
137.4
140.3
133.1
138.2
538
542
546
606
517
55.0
494
553
589
231
611
24.2
607
23.8
621
24.1
61.2
245
609
243
600
237
582
24.8
367.3
360.4
364.5
367.0
368.8
368.8
367.9
1815
780
26.2
726
42
684
1846
837
252
739
37
702
1799
80.1
263
741
42
69.8
182.9
828
249
740
37
70.3
1850
840
244
736
3.6
700
1852
842
257
738
3.7
70.1
1853
83.6
257
74.0
36
70.4
1856
844
25.8
721
33
688
452.2
447.3
448.9
450.7
453.7
455.6
459.2
164.2
615
233
383
348
1804
1702
626
231
395
346
1848
166.5
621
23.4
387
351
1836
1680
61.4
22.6
38.8
34.8
184.6
169.6
624
232
393
345
1842
1708 , 172.3
634
63.3
234
233
399
401
34.5
34.6
1850
1853
1736
63.9
239
40.0
349
186.8
1.2
101.3
Housing
Household operation . ..
Electricity and gas ...
Other
Transportation
Other
. ...
946.8
139.4
440.9
Food
Clothing and shoes . ..
Gasoline and oil
Other nondurable goods ....
Fuel oil and coal . . . .
Other
958.9
358.4
Motor vehicles and parts .
Furniture and household
equipment
Other .
935.1
135.8
Durable goods
Nondurable goods
111.2
Less: Personal outlays
Addenda:
Disposable personal
income
Total, billions of 1972
dollars
Housing .
Household operation . . . .
Electricity and gas
Other
Transportation
Other
Billions of 1972 dollars
Equals: Disposable personal income . . . .
Equals: Personal saving . ...
Food
Clothing and shoes
Gasoline and oil
Other nondurable goods . .
Fuel oil and coal
Other
Services .
and
Personal consumption expenditures
Interest paid by consumers to business
Personal transfer payments to foreigners
(net)
Nondurable goods
1,018.4 1,040 4 1,0258 1,033.3 1,036.8 1,043 6 1,047 9 1,048 0
8,002
4,473
2277
5.6
8,770
4,526
229.9
5.3
8,299
4,488
228.6
5.1
8,504
4,511
229.1
4.6
8,651
4,517
2295
5.4
8,873
4,535
2301
5.2
9,051
4,541
2307
6.1
9,139
4,532
231.2
5.4
Table 3.14.—State and Local Government Social Insurance Funds
Receipts and Expenditures
Receipts
45.1
Personal contribution
Employer contributions . .
Government and government enterprises . ..
Other
Interest and dividends received
Expenditures
Administrative
expenses
(purchases of goods and
services)
Transfer payments to persons . . . .
Surplus
(-)
or
52.1
47.8
49.6
51.5
53.0
54.5
56.3
315
364
337
348
359
369
380
391
77
238
8.9
276
84
86
263
88
271
89
28.0
91
288
93
298
210
28
24.3
3.2
224
232
3.0
240
32
24.7
33
255
34
26.2
36
13.6
157
141
148
156
160
165
172
18.2
Contributions for social insurance
20.0
18.8
19.2
19.8
20.3
20.8
21.4
253
29
.6
.6
6
.6
6
.6
.6
.6
17.6
19.4
182
187
192
197
202
20.8
26.9
32.1
29.0
30.4
31.7
32.7
33.7
34.8
deficit
Table 3.14'
NOTE —In this table, interest and dividends received are included in receipts, in tables 3 2 and
3 3, interest received and dividends received are netted against expenditures
SURVEY OF CURRENT BUSINESS
June
Table 3.2.—Federal Government Receipts and Expenditures
Table 3.3.—State and Local Government Receipts and Expenditures
Billions of dollars
1980
1981
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1980
IV
Receipts
540.8
Personal tax and nontax
receipts.
Income taxes
Estate and gift taxes
Nontaxes.. .
626.0
573.2
1981
1980
1982
II
617.4
III
IV
638.3
627.2
609.9
1981
1980
Ir
621.0
I
1981
IV
Receipts
1982
II
III
IV
I'
413.6
419.6
423.7
429.1
I
384.0
417.2
403.4
Personal tax and nontax
receipts. .
Income taxes. ..
Nontaxes
Other..
807
449
279
79
919
51.9
314
87
86.3
491
290
8.2
88.6
504
298
84
897
503
30.7
86
933
52.6
318
88
96.1
540
330
90
983
549
342
92
411.7
2578
2510
6.6
2
296.2
2890
70
.2
2729
2659
6.8
2
283.3
276.8
64
.2
293.2
286.0
7.0
2
3064
299.1
71
2
302.0
2941
75
.3
2997
2911
83
4
Corporate profits tax accruals
702
660
726
74.6
64.8
664
58.3
45.0
Corporate profits tax accruals
122
117
126
13.1
116
117
104
87
Indirect business tax and
nontax accruals
Excise taxes
Customs duties
Nontaxes . .
406
29.1
72
44
61.2
475
86
5.1
491
361
73
56
60.6
47.8
7.7
5.0
62.6
49.6
8.1
4.9
618
47.6
90
52
59.9
45.1
94
5.4
50.7
362
8.7
58
Indirect business tax and
nontax accruals . . .
Sales taxes . . .
....
Property taxes.
Other
1716
82.9
675
212
1899
92.7
726
24.6
1790
875
689
22.6
1849
912
70.3
233
1869
90.9
719
241
192.3
94.2
73.1
25.0
195.5
944
750
260
1995
954
769
271
1722
202.5
1786
198.9
200.4
2037
207.0
214.5
Contributions for social insurance. . .
....
315
364
337
348
359
369
38.0
391
602.0
688.4
641.1
664.0
668.2
694.0
727.2
733.4
Federal grants-in-aid
88.0
872
918
90.2
89.6
854
837
83.5
355.0
380.5
366.3
374.8
377.5
381.8
387.8
392.8
335.8
361.0
3466
3549
357.9
3625
3687
3728
1874
1484
2033
157.7
1933
1533
1980
1569
2016
156.2
2050
1575
2087
1600
2127
1601
Contributions for social
insurance
Expenditures ....
Purchases of goods and
services
National defense
Nondefense
1989
1317
67.2
2302
1543
759
212.0
1416
70.4
2216
145.2
764
219.5
1482
71.3
2264
1541
722
2533
169.7
835
253.6
1697
839
Transfer payments
To persons
To foreigners
2498
244.9
49
2845
2794
5.2
2690
262.6
64
271.9
267.3
4.7
274.8
270.7
4.1
2936
2878
5.8
2979
2917
6.2
3026
297.0
5.6
880
872
918
90.2
896
854
837
835
53.3
67.5
731
91.2
552
708
67.7
844
70.4
88.0
75.6
943
787
98.1
808
1022
550
125
142
74.4
167
18.1
567
14.1
156
68.6
158
16.7
71.0
17.0
176
772
171
187
810
17.1
194
84.4
179
214
136
145
12.7
142
Grants-m-aid to State and
local governments
Net interest paid
Interest paid
To persons and business .
To foreigners
Less Interest received . .
Expenditures
Purchases of goods and
services
Compensation of employees . . . .
Other
Transfer payments to persons
389
422
40.5
412
421
426
431
448
-10.8
176
284
Net interest paid
Interest paid .
Less- Interest received
-128
194
323
-114
180
295
-118
186
304
-12.4
19.2
316
-132
197
32.9
-13.9
20.3
342
-145
21.2
357
Less: Dividends received ....
16
18
16
16
1.8
18
1.9
20
Subsidies less current surplus of government
enterprises ....
Subsidies
Less Current surplus of
government enterprises .
-74
.4
-82
4
-77
4
-7.9
4
-82
4
-8.2
.4
-83
4
-83
77
86
81
83
86
8.6
87
8.7
0
0
0
0
0
0
0
0
29.1
36.7
37.1
36.9
36.1
37.8
35.9
36.3
269
321
4.6
290
81
304
66
317
43
327
5.1
33.7
22
34.8
15
Subsidies less current surplus of government
enterprises
Subsidies
Less Current surplus of
government enterprises
120
107
13.4
12.8
131
116
12.6
119
139
Vi2
13.3
127
-13
-5
-1.4
-7
-17
-6
9
15
Less1 Wage accruals less
disbursements .
Less: Wage accruals less
disbursements
... .
0
0
0
0
0
.2
-1
-2
Surplus or deficit
(-), NIPA's
Surplus or deficit
(-), NIPA's
-61.2
-62.4
-67.9
-46.6
-47.2
-55.7
-100.0 -123.5
-142
-470
-12.4
-500
-22.2
-458
-46
-42.0
-6.1
-18.9
-368
-198 -17.4
-802 -1060
Social insurance funds
Other
-41.1
Social insurance funds
Other
21
A
Table 3.7B-3.8B.—Government Purchases of Goods and Services by Type in Current and Constant Dollars
Billions of 1972 dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1980
1981
IV
1982
1981
1980
I
II
III
IV
1980
1981
IV
I'
1981
1980
I
II
1982
III
IV
I'
534.7
...
Compensation of employees...
Military
Structures
....
State and local
Durable goods . .
http://fraser.stlouisfed.org/ 8 2 - 2
376-761 0 Federal Reserve Bank of St. Louis
. ..
591.2
558.6
576.5
577.4
588.9
622.0
626.4
290.0
291.7
289.8
293.6
289.5
288.3
295.4
295.5
198.9
230.2
154.3
393
133
987
594
349
245
393
31
212.0
141.6
349
131
907
568
332
236
339
29
221.6
145.2
363
129
93.2
574
33.5
238
35.9
28
219.5
148.2
372
131
949
578
33.7
242
37.1
30
226.4
1541
407
123
98.1
584
33.9
24.4
398
30
253.3
1697
42.9
15.0
1084
640
386
255
444
3.4
253.6
169.7
439
13.6
108.7
647
38.9
258
440
3.5
108.1
709
184
25
48.5
32.1
189
13.2
164
16
111.5
73.9
193
27
505
324
192
13.3
181
14
107.4
719
189
2.8
48.8
321
190
131
167
1.4
111.2
721
187
27
494
322
19.0
131
172
14
108.7
726
18.7
2.7
49.8
32.3
19.1
132
175
14
109.6
74.0
195
25
50.6
326
19.2
133
181
14
116.6
769
201
29
52.3
32.7
193
133
196
15
117.7
763
201
28
519
32.8
194
134
19.1
15
67.2
1.5
41
551
291
259
66
Federal
National defense
Durable goods
75.9
18
105
563
306
257
7.3
70.4
16
5.3
570
303
267
65
76.4
20
92
57.6
306
270
7.7
71.3
18
5.4
57.0
304
265
7.2
722
16
86
550
301
249
7.1
835
17
18.8
55.7
313
244
7.4
839
21
189
55.9
315
244
70
372
9
20
311
171
14.0
3.2
376
9
4.2
292
166
12.6
3.3
354
9
.8
307
168
13.9
30
39.0
10
40
30.5
168
136
35
36.1
1.0
21
29.8
167
13.1
32
35.6
8
3.1
285
16.4
12.0
3.1
39.7
8
7.7
280
164
116
32
414
10
97
277
163
113
31
335.8
10.6
26.3
2537
187.4
66.3
45.3
361.0
11.2
29.1
2776
203.3
742
43.2
346.6
10.9
27.8
262.2
1933
69.0
45.7
354.9
111
28.3
268.5
198.0
70.4
47.1
357.9
113
28.8
274.5
201.6
72.8
43.3
362.5
11.2
296
281.1
2050
761
40.7
368.7
11.2
297
2863
208.7
77.6
416
372.8
112
29.8
291.5
212.7
788
40.3
181.9
6.3
137
1414
1060
35.4
205
180.2
6.1
140
1416
105.9
35.7
18.5
182.4
62
14.0
142.0
1063
356
20.2
182.5
62
140
1419
1064
35.5
20.4
180.7
6.2
14.0
1419
106.2
357
186
178.8
61
14.0
1414
1056
358
17.3
178.8
60
14.0
1412
1054
357
177
177.8
59
139
1409
105.3
356
170
131.7
329
109
84.7
528
304
224
319
31
June
SURVEY OF CURRENT BUSINESS
10
Table 4.1-4.2—Foreign Transactions in the National Income and Product Accounts in Current and Constant Dollars
Billions of dollars
Billions of 1972 dollars
Seasonally adjusted at annual rates
1980
1981
1980
IV
Receipts from foreigners
1981
I
Seasonally adjusted at annual rates
1982
III
II
rv
1980
1981
I'
1980
IV
1981
I
1982
II
III
IV
I'
..
..
Other
368.4
347.2
368.5
369.3
369.1
366.7
356.9
3398
218.2
1277
905
367.3
229.8
1327
970
3461
2210
1275
936
367.4
236.3
1325
103.9
3682
234.2
1394
948
3680
225.1
132.6
92.5
365.6
2234
126.4
96.9
356.9
216.2
1199
96.3
1611
92.2
55.6
36.6
160.4
89.0
51.1
37.8
1574
89.0
52.5
36.4
1625
924
529
39.5
161.5
91.0
54.3
36.7
1601
866
50.2
364
1574
858
47.2
38.6
152.1
820
43.7
383
121.6
795
421
Nondurable goods. .
340.9
1376
91.7
458
1250
807
443
1311
87.1
43.9
1340
887
454
142.9
95.9
47.0
1423
95.2
471
140.7
916
491
68.9
45.4
235
71.4
47.8
237
68.4
44.4
24.1
70.1
467
234
70.5
46.9
23.7
73.5
49.5
24.0
716
480
236
70.0
45.8
24.3
11
11
11
369.3
369.1
366.7
356.9
341.3
260.3
123.8
136.5
3227
2488
1160
132.9
338.2
259.1
1164
1427
347.5
2653
1233
1420
338.7
255.8
125.7
1301
341.0
2612
1299
1312
3254
2418
1250
116.8
109.1
74.0
47.6
26.4
1155
78.4
51.1
27.3
1089
73.4
47.5
258
111.6
745
477
26.8
1154
773
50.6
267
1169
79.1
52.0
27.1
1182
830
54.3
287
1128
760
50.7
25.3
81.0
373
43.7
739
322
417
79.1
34.9
44.2
822
383
438
82.9
40.3
42.6
798
357
441
836
39.6
440
35.1
170
18.1
371
194
176
35.5
177
178
37.1
187
18.4
38.1
20.3
17.8
378
20.8
170
352
18.0
173
367
19.8
170
6.2
10
5.2
80
16
64
57
1.0
47
51
10
41
6.8
1.0
5.8
72
1.0
62
67
1.2
56
125
167
141
158
170
171
171
17.9
59
Interest paid by government to foreigners .
1.1
368.5
6.0
12
49
Transfer payments (net)
From persons (net)
.
1.1
347.2
70.6
29.9
40.7
Factor income!
Other
11
368.4
316.5
2459
1121
1338
Payments to foreigners
11
340.9
Capital grants received by the United States (net)
42
2.3
8.8
-.2
6.5
1.5
70
0
Table 4 1-4.2
1 Equals rest-of-the-world production as shown in tables 1.5-1.6
Table 4.3-4.4.—Merchandise Exports and Imports by Type of Product and by End-Use Category in Current and Constant Dollars
Billions of dollars
Billions of 1972 dollars
Seasonally adjusted at annual rates
1980
1981
1981
1980
IV
II
I
Seasonally adjusted at annual rates
1982
III
IV
1980
1981
I'
1980
IV
1981
I
II
1982
III
IV
I'
218.2
..
Other
225.1
223.4
216.2
92.2
89.0
89.0
92.4
91.0
86.6
85.8
38.8
358
359
36.1
153
157
15.2
17.1
15.1
15.0
15.7
158
649
206
443
652
222
430
676
22.1
455
629
21.5
414
624
192
432
666
19.5
471
65.9
18.0
480
237
8.6
151
221
7.0
15.1
23.0
7.8
152
23.1
76
155
21.4
7.3
14.1
212
65
147
228
67
161
227
6.2
165
735
801
755
791
83.4
802
77.7
74.3
347
323
331
333
341
316
300
27.8
18.9
18.1
185
20.8
202
16.3
16.8
68
6.6
6.8
6.8
7.3
6.9
54
5.4
160
7.6
84
16.1
8.0
8.1
166
79
8.6
16.4
78
8.6
158
77
8.2
15.1
70
8.1
142
64
7.8
83
38
45
7.9
3.1
4.8
79
34
4.6
83
33
5.0
8.3
3.2
5.1
78
3.1
47
74
2.8
4.6
69
26
4.3
8.3
4.2
4.2
Nondurable goods .
234.2
44.9
165
8.8
77
...
236.3
388
16.9
Capital goods, except autos
221.0
38.8
671
243
428
Durable goods
Nondurable goods
229.8
359
111
5.5
5.5
7.3
37
37
97
4.8
4.8
120
6.0
60
107
54
53
119
6.0
60
8.9
45
45
3.5
18
18
4.3
2.1
2.1
30
1.5
1.5
38
19
19
4.7
2.3
23
41
2.1
21
46
2.3
23
34
17
17
76.0
82.0
245.9
260.3
248.8
259.1
265.3
255.8
261.2
241.8
74.0
78.4
73.4
74.5
77.3
79.1
83.0
Foods, feeds, and beverages .
182
188
195
20.5
187
181
180
15.8
6.7
73
70
7.4
7.0
7.1
7.6
65
Industrial supplies and materials, excluding petroleum
521
312
209
567
338
229
51.6
312
20.4
55.4
32.1
23.3
574
353
220
57.7
34.7
23.0
563
331
23.3
539
318
22.1
17.3
10.2
7.1
190
113
77
16.9
100
6.9
184
10.6
78
191
11.7
7.4
194
11.6
78
19.2
113
79
182
107
7.5
79.1
772
768
828
843
713
705
60.7
6.9
5.9
62
63
62
56
57
4.9
301
338
312
320
321
346
367
34.5
14.7
171
148
153
161
17.7
19.2
17.1
271
300
289
27.0
306
306
317
309
10.9
104
108
9.8
108
106
104
9.9
344
212
131
384
235
148
348
217
131
371
232
13.9
369
226
143
383
233
151
412
251
161
398
24.7
15.1
15.5
109
4.7
166
113
5.3
15.2
107
45
15.7
11.2
4.4
160
110
50
16.6
11.0
5.5
181
12.0
62
170
11.7
53
4.9
26
25
5.4
27
27
6.0
30
30
4.3
21
2.1
5.3
26
26
5.2
26
2.6
67
34
34
62
31
3.1
20
10
10
21
11
11
24
12
12
1.7
.8
.8
21
10
10
2.1
1.0
1.0
27
1.4
14
25
1.2
1.2
423
175.9
166.8
449
184.8
1831
448
176.2
1720
51.5
184.8
1763
449
1893
181.0
407
1844
1845
427
180.6
1907
424
173.9
1811
180
74.1
67.1
182
707
725
177
713
671
19.7
72.7
68.2
17.6
73.4
71.0
17.0
696
735
18.6
672
773
18.6
63.4
71.2
Nondurable goods
Other
...
Addenda:
Exports:
Imports of nonpetroleum products
...
SURVEY OF CURRENT BUSINESS
June
Table 5.1.—Gross Saving and Investment
11
Table 5.10-5.11.—Inventories and Final Sales of Business in Current
and Constant Dollars
Billions of dollars
Billions of dollars
Seasonally adjusted at annual rates
es
1980
1981
I
IV
Gross saving .
401.9
455.5 406.7
Capital consumption allowances
with CCAdj
Wage accruals less disbursements ...
Government surplus or
deficit (-), NIPA's
Federal
Capital grants received
United States (net)
442.6
III
IV
465.3 469.4 444.7
Gross investment
Gross private domestic investment
Net foreign investment
Statistical discrepancy
IV
401.5
101 5
557 520 528 42.9
44.3 508 40.4
1072 924 1066 109.6 90.6 915 78.0
-45.7 -27.7 -48.4 -392 -24.0 -253 -223
-17.2 -139 -17.8 -147 -14.7 -13.4 -128
317
513
-99
—9.7
-9.7
183.2
1158
-.5
1875
119.0
0
194.6
122.1
0
201.1 2077 211 7
211.7
1313
125.4 129.1 131 3
0
0
0
-87.2
-9.7 -11.2 -17.9 -64.1 —87.2
-32.1 -25.7 -30.8
-123.5
-612 -62.4 -679 -46.6 -472 -557 -100.0 -1235
363
29.1 36.7 37.1 369 36.1 378 35.9 36 3
by the
1980
1.1
1.1
401.2
454.7
1.1
1.1
1.1
458.3
469.6
444.8
0
1.1
400.1 446.0
1.1
400.7
3953 450.5 3977 437.1 458.6 4630 4433 393.8
70
0
42
23
-.2
6.5
15
5.9
88
-.7
-.8
-6.6
3.4
-6.9
.2
.2
-.7
1982
1981
I
II
III
IV
I'
785.4
926
6928
393.7
2991
796.9
86.9
710.0
397.8
312.2
811.3
86.7
724.6
4088
3158
825.6
85.1
740.5
4227
3178
834.4
84.9
7495
427.7
3218
822.0
83.9
7381
419.5
3185
Manufacturing
3442
222.5
1218
3552
2269
128.2
363.2
2318
131.3
3697
239.9
129.8
372.0
242.2
129.8
3689
239.7
129.3
Wholesale trade
Durable goods ..
1517
926
59.1
120.7
77.2
43.5
310
15.4
15.6
155.7
94.3
61.4
1218
78.2
435
339
16.1
178
158.8
97.6
612
1253
81.2
441
335
164
171
160.6
100.7
600
128.0
83.7
442
326
16.9
157
164.3
1030
61.4
131.3
86.1
45.2
331
169
16.2
159.7
1011
586
127.9
84.5
43.4
318
16.6
15.1
130.3
608
695
66.5
1298
58.7
71.1
694
1326
61.2
71.4
700
139.2
64.0
75.2
710
1403
641
762
72.9
1362
605
75.7
73.2
194.1
121.9
201.4
127.6
202.2
126.5
207.5
128.9
210.3
129.5
214.1
131.3
405
357
3.96
353
4.01
358
3.98
3.57
3.97
3.56
3.84
345
5.68
5.56
5.73
5.74
579
562
488.6
1138
175.4 197.7
1118 123.9
0
0
451.1 475.3 486.2
88.9 106.6 1069
I'r
I
507.7
128.0
432.9 480.1 436.4
1013 107.6 97.6
Undistributed corporate profits
with IVA and CCAdj
Undistributed profits
IVA
CCAdj
II
Seasonally adjusted quarterly totals
1982
1981
1980
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Retail trade
Durable goods
Nondurable goods
Other
Final sales 2
Final sales of goods and structures
Ratio: Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods
and structures
Table 5.8-5.9.—Change in Business Inventories by Industry in Current
•ent
and Constant Dollars
Billions of 1972 dollars
340.6
340.2
342.9
346.6
347.7
343.4
Nondurable goods
43.0
2976
1799
117.6
42.7
2975
1792
118.3
42.9
3000
1814
1186
43.5
3032
1833
119.8
44.2
303.5
1830
1205
44.0
2994
179.0
120.3
Nondurable goods
145.0
98.9
461
146.1
995
466
146.3
99.6
468
1477
100.9
46.8
147.1
100.4
46.7
145.8
989
469
64.7
427
22.0
534
35.5
17.9
11.2
7.1
4.1
64.4
424
220
530
35.3
177
11.4
7.1
4.3
65.2
431
220
538
36.0
178
11.3
7.1
42
65.8
437
221
54.5
36.4
181
114
7.3
41
66.9
442
22.7
55.6
370
18.6
113
72
4.1
65.5
43.3
22.1
54.3
363
18.0
112
71
4.1
646
30.3
34.2
234
635
29.2
34.4
234
65.2
30.6
34.6
23.2
66.4
307
35.7
233
661
303
35.8
234
64.6
288
358
23.6
105.4
65.9
107.3
67.9
105.9
66.2
105.9
65.9
105.2
65.1
106.1
65.7
3.23
2.82
3.17
2.77
3.24
283
3.27
286
3.31
2.89
324
282
451
438
453
460
466
4.56
Billions of dollars
es
Seasonally adjusted at annual rates
1980
1981
1980
IV
Change in business inven-
Change in book value
IVA1
Manufacturing
Durable goods
Nondurable goods. .
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Other
-5.9
16.2 -17.4
1982
1981
I
II
4.5
23.3
III
27.5
IV
r
9.4 -36.8
-12
2.4 -34 -24
18
4.4
56 -11
— 11
-47 13.8 -14.0
6.8 215 23.1
3.7 -3577
—35
493 454 424
527
478 51.7 29.5 -25.1
— 25.1
-540 -31.6 -564 -459 -263 -286 -25.8 -10.6
-2.1
-5
-1.6
1.0
.8
.2
1.5
1.1
.4
-.5
-3
-2
-44
44
0
.8
.1
8
5.2
36
16
48
3.8
1.0
52
37
1.5
-.4
.2
-5
3.3
0
32
5
1
.5
-97
15.0
-16
6.2
-81
8.9
6
.4
2.0
-.9
-14
1.3
7 -3.8
2.5 -1.0
-1.8
-2.7
-.1
4.2
-5
.2
4
4.0
-4.5 -94
.5
93
-4.9
-.1
-4
.8
2
-1
-2
.9
2.0
.6
14
75
63
1.2
9.7
6.4
33
-2.2
-1
-2.1
14.4
11.7
27
-2.4
1
-23
10.8
12.1
-1.3
6
54
-4.8
46
4.0
.6
-40
14
-54
100
1.2
8.8
1.7
1
17
-69
-4.4
-2.5
10.7
46
6.2
10.3
5.4
49
.4
-.8
1.3
-18
-34
1.6
1.7
I
18
-109
-109
-14.1
3.2
-13.5
-13.5
-8.6
-49
-122
-7.5
-4.7
—4.7
-1.3
— 1.3
-1.2
-2
—2
-133
— 13 3
-131
— 131
-.2
— .2
2.1
1
21
Billions of 1972 dollars
Change in business inventories
7.1
-7.2
-1.4
10.8
14.9
4.2 -17.1
-.5
-24
IVA
-2.9
1.2
59
-15
-5.6
-1.1
9
9.9
22
128
-6
2.9
13 -165
-10
-1
-9
.5
5
0
.6
6
.1
-.2
-.1
0
-2.2
-2.2
1
.3
0
.2
2.1
15
6
2.2
1.6
.7
2.2
1.5
.7
0
1
0
1.5
0
15
.1
0
.1
-3.6
-7
-2.8
0
.7
-.8
.3
1.0
-.7
-.3
-3
-1
-19
4
-23
-.2
-1
-1
4.6
25
21
-1.0
-.9
-.1
-1.6
-10
-.7
7
1
6
-4.3
-47
5
4
0
.4
.9
4
5
3.0
2.8
.2
32
2.8
.4
-3
0
-.2
6.9
58
11
-9
0
-.9
54
52
2
27
2.3
.4
27
17
1.0
0
.6
-.6
45
.4
4.1
2
0
.2
Q
1
Manufacturing
Durable goods ...
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nonmerchant wholesalers
Nondurable goods
Nondurable goods
Other
-2.4
-20
-.4
4.3
2.1
2.2
46
2.5
2.1
— 2
-4
.1
-11
-1.6
.4
6
0
.6
Nonfarm . .
-5.3
-6.0
.7
-58
-3.5
-2.3
-5.2
-3.0
-22
-5
-.5
0
-61
-6.2
.2
6
0
.7
Wholesale trade
Durable goods
Nondurable goods.
Merchant wholesalers
Durable goods
Durable goods
Retail trade
Durable goods
other
Final sales "... .
Final sales of goods and structures
Ratio Inventories to final sales
Nonfarm inventories to final sales ....
Nonfarm inventories to final sales of goods
and structures
Table 5.10-5.11:
1 Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories
calculated from current-dollar inventories in this table is not the current-dollar change in business inventories (CBI) component of GNP The former is the difference between two inventory
stocks, each valued at their respective 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 quarter rates, whereas CBI is stated at annual rates. Quarter-to-quarter
changes calculated from the constant-dollar inventories shown in this table are at quarterly
rates, whereas the constant-dollar change in business inventories component of GNP is stated at
annual rates
2. Quarterly totals at monthly rates Business final sales equals final sales less gross product of
households and institutions, government, and rest-of-the-world and includes a small amount of
final sales by farms.
Table 5 8-5.9:
1. The IVA shown in this table differs from that which adjusts business income. The IVA in
this table reflects the mix of methods (first-in-first-out, last-in-first-out, etc.) underlying book
value inventories derived primarily from Census Bureau Statistics. The mix differs from that underlying business income derived primarily from Internal Revenue Service statistics
12
SURVEY OF CURRENT BUSINESS
Table 6.4.—National Income Without Capital Consumption Adjustment
by Industry
Jum
Table 7.1-7.2.—Implicit Price Deflators and Fixed-Weighted Price
Indexes, 1972 Weights, for Gross National Product
Implicit price deflators, 1972=100
Billions of dollars
Seasonally adjusted
Seasonally adjusted at annual rates
1980
1981
1980
I
IV
National
income
without CCAdj
1982
1981
III
II
IV
2,130.8 2,352.8 2,217.1 2,297.9 2,330.7 2,382.0 2,400.3 2,403.5
1,829.1 2,023.3 1,903.1 1,977.2 2,005.4 2,051.3 2,059.3 2,057.0
Private industries .
Agriculture,
forestry,
and fisheries .
Mining. .
Construction
628
370
108.4
70.3
46.1
113.8
71.7
48.5
1152
656
48.2
115.5
584.4
350.2
234.2
5481
3292
2189
577.2
346.4
2309
5863
3549
231.4
596.6
355.0
2416
577.4
3446
2328
5634
3339
2294
174.3
80.0
501
1938
853
561
180.9
825
540
187.5
847
53.9
190.8
85.3
544
195.5
854
56.7
2013
85.7
59.5
2027
85.4
595
443
524
444
489
512
53.5
56.1
151.5
2010
1396
1866
146.6
1971
1485
2001
1536
204.2
157.4
202 4
1551
207.0
3126
3533
3040
3279
308.1
3404
3099
348.7
313.7
357.5
3188
3668
324.1
375.4
329.4
314.0
320.7
325.3
330.8
341.0
346.5
54.4
48.6
52.3
50.4
55.6
59.6
Gross national product
Billions of dollars
Corporate
profits
with
IVA
and
CCAdj
III
IV
I'
191.7
183.3
203.0
190.3
195.7
177. «
152.2
151.5
27.9
1236
167.5
21.1
146.4
155.6
27.4
1282
177.6
171.1
19.2
1520
153.7
152.1
167.6
21.0
146.5
1349
136.9
18.3
1186
31.1
24.2
27.7
25.4
22.8
24.5
24.0
15.3
199.8
Rest of the world
Corporate
with IVA
1982
182.7
Domestic industries
Financial
Nonfinancial .
205.6
201.0
217.7
205.1
209.1
190.4
161.9
profits
255
187
168.7
181.4
173.4
192.3
182.3
184.6
166.4
146.7
Financial.
Federal Reserve Banks
Other
306
119
245
227
14.5
10.0
286
135
151
243
14.3
15.2
18.7
305
12.0
18.5
101
75
22.4
152
72
220
164
56
Nonfinancial
Manufacturing
Durable goods . .
Primary metal industries
Fabricated
metal
products
Machinery, except
electrical
Electric and electronic equipment .
Motor vehicles and
equipment
Other
138.1
1569
1637
1580
84.4
1440
68.0
18.7
1247
319
161.9
85.1
26.0
Nondurable goods . .
Food and kindred
products
Chemicals
and
allied products
Petroleum and coal
products
Other
Domestic industries
Best of the world
20.9
820
270
1429
762
258
745
904
315
532
9.2
36
3.8
51
3.8
37
1.6
-22
39
48
4.1
4.6
47
24
4.0
63
86
61
87
82
8.6
89
75
5.3
66
53
8.4
6.2
6.6
5.4
6.0
6.5
-7
50
-8
6.6
-16
68
2.7
6.3
4.7
-18
22
201.;
191.5
1654
2004
1922
195.7
1683
2037
197.6
199.3
1701
206.2
2023
171.i
207!
206.i
1942
186.8
2247
Producers' durable equipment . 170.2
Residential ...
218.6
2217
Nonfarm structures
2199
Producers' durable equipment . 1494
Change in business inventories
2092
2025
246.3
182.4
233.3
236.8
2355
159.4
1999
1924
2333
1745
2233
226.3
2242
1524
203.1
1950
2362
176.8
2287
231.8
229.6
155.2
2084
201.4
244.1
1820
2318
235.0
233.4
1580
210.9
2045
2492
1840
235.4
2391
237.6
1615
2147
2089
255.3
186.7
2388
242.9
2412
163.1
213 S
207 (
257 (
183 i
239.J
243.J
2435
166 C
2110
290.1
229.0
2955
219 9
2964
226.1
3031
228.0
301.2
2298
289.8
232.2
288.5
234.7
288.E
184.4
183.9
1856
1806
1847
202.7
206.4
208.8
2017
2003
192.8
197.4
1968
198.7
1900
196.4
1994
201.2
195.9
1945
199.5
201.9
204.2
197.3
1980
204.2
206.6
208.3
203.1
2028
210.6
2172
2208
2103
2062
212.0
215 E
222.E
202.e
2091
Gross private domestic
Fixed investment
Nonresidential
_
Government purchases of
Federal
National defense
State and local
Fixed-weighted price indexes, 1972=100
183.3
200.4
189.7
194.4
198.1
202.6
206.9
209.4
184.3
160.1
1956
182.0
201.0
1719
212.6
2002
190.8
164.9
202.9
188.5
195.8
1667
209.5
1931
198.9
170.4
2112
197.3
202.9
174.0
213.5
2028
206.4
1765
2162
2076
209.0
177 S
2176
2117
2038
Nonresidential
195.5
Structures
2179
Producers' durable equipment . 1826
Residential
219.6
Change in business inventories . . .
220.9
2136
2357
2009
2348
209.7
202.0
2241
1894
224.3
214.6
206.7
229.0
1939
229.7
219.1
211.8
2335
1993
233.1
2234
216.1
238.1
2034
237.3
227.1
2198
2417
2071
2409
2298
2232
245.3
2105
2424
2171
302.9
237.2
321.1
2266
315.5
232.9
324.4
2361
3248
2390
318.6
241.1
3171
244.0
3219
190.8
1912
1951
1811
190.5
209.1
2133
218.8
1990
2062
198.2
2012
2058
189.5
196.2
202.7
205.5
210.0
1940
2007
206.9
2108
2161
197.1
204.3
210.6
213.7
219.3
1995
2086
216.2
2231
229.7
206.0
211.5
219.0
225.2
2315
2091
2149
Addenda:
Gross domestic purchases '
1888
1832
Final sales
Final 1 sales to domestic purchas1887
ers ..
205.9
2004
1954
189.6
200.3
1943
2038
198.0
2078
2025
2117
8068
214.4
209.4
2059
195.4
2002
203.8
2078
2118
214.4
2086
2026
2057
206.0
210.3
2125
2153
3600
3252
353.3
3603
360.1
3662
3652
184.1
175.0
1784
182.0
1862
189.9
1927
200.5
2018
189.8
1909
194.4
195.7
198.2
1995
2027
204.3
2069
2080
2095
2104
54.9
504
589
52.5
590
493
44.0
9.5
8.6
104
9.5
89
9.0
7.8
7.5
89
8.1
101
8.3
85
8.5
7.8
24.6
143
21.1
155
199
138
21.6
16.8
196
151
26.4
15.2
17.0
148
165
11.9
185
21.6
188
208
20.0
216
24.1
22.5
209
226
25.2
275
251
284
30.1
24.1
28.7
24.7
25.1
252
286
23.3
26.6
22.4
31.1
24.2
27.7
25.4
22.8
24.5
24.0
15.3
Gross private domestic
Net exports of goods and
Exports
Imports
Government purchases of
goods and services
Federal
National defense .
Nondefense
State and local ..
Personal consumption expenditures, food
192.7
Personal consumption expendi317.1
tures, energy . .
Other personal consumption ex1695
-5.1
-10
7.3
,
31
3.9
537
Transportation and
public utilities
Wholesale and retail
trade
Other
177.36 193.71 183.81 188.14 191.06 195.61 200.10 201.!
188.5
1623
1992
188.4
Nondurable goods
II
I
I'
J84.9
1605
1952
1843
Seasonally adjusted at annual rates
IV
IV
193.7
1664
202.4
195.2
Personal consumption
expenditures
1981
198:
III
178.9
156.0
1886
1781
Durable goods
Nondurable goods
Services
Gross national product
1980
II
Net exports of goods and
Table 6.20.—Corporate Profits by Industry
1981
1981
I
Personal consumption
52.1
1980
1980
IV
578
49.7
Best of the world
658
41.0
114.1
301.7
Government and government enterprises . .
61.4
42.5
1164
2908
3148
Wholesale trade .
Retail trade
Finance, insurance, and
real estate
Services
63.4
40.9
111.6
1338
1800
Nondurable goods .
Transportation and
public utilities. . .
Transportation
Communication
Electric, gas, and
sanitary services. . . .
67.3
44.5
1149
527.2
311.5
215.7
Manufacturing
1981
Ir
2,180.4 2,407.2 2,265.6 2,350.2 2,381.1 2,437.6 2,459.9 2,455.5
Domestic industries
1980
-4.3
-2.2
Gross domestic product
Business
183.3
1845
Table 71-7.21. Gross domestic purchases equals GNP less exports plus imports; final sales to domesti
purchasers equals final sales less exports plus imports.
June
SURVEY OF CURRENT BUSINESS
13
Table 7.7.—Current-Dollar Cost and Profit Per Unit of Constant-Dollar
Gross Domestic Product of Nonfinancial Corporate Business
Table 7.3.—Implicit Price Deflators for Gross National Product by
Major Type of Product
Dollars
Index numbers, 1972=100
Seasonally adjusted
Seasonally adjusted
1980
1981
IV
Gross national product
Final sales
Change in business inventories
1982
1981
1980
I
II
III
rv
I'
IV
177.36 193.71 183.81 188.14 191.06 195.61 200.10 201.99
1774
193.6
184.1 187.7
1909
1957
200.0
Current-dollar cost and profit per unit
of constant-dollar gross domestic
2021
191.2
185.8
176.3
181.1
183.2
187.6
191.3
170.1 1853
177.0
1801 182.6
1877
1911 191.8
164.1
Final sales
164.5
Change in business inventories . .
174.2
174.2
Change in business inventories-...
1797
1790
169.2
1691
173.3
172.9
1791
178.2
183.0
1814
183.8
1840
1900
189.8
181.6
182.8
1867
185.4
186.1
185.8
190.9
192.1
1961 1979
195.7 1975
176.7
193.8
183.2
187.2
190.8
195.9
238.0
242.4
246.7
n
1982
IV
III
I'
1.770 1.933 1.830 1.876 1.904 1.954 1.999 2.013
Capital consumption allowances with CCAdj .... .191 .208 .197 197 .204 211 222 .228
1.579 1.725 1.633 1.679 1.701 1.743 1.777 1.785
Net domestic product
Indirect business tax and nontax liability
plus business transfer payments less sub176 204 .188 .199 .202 .206 .211 207
1.403 1.520 1444 1.480 1.499 1537 1.566 1.578
1.196 1.285 1.230 1244 1.266 1.295 1.336 1.361
Corporate profits with
143 .163 146 .169 163 169 .153 .136
IVA and CCAdj
.073 .066 075 .076 .064 066 057 .039
Profits tax liability
Profits after tax with IVA and CCAdj .... .070 .098 071 093 .098 103 .096 .096
065 072 .068 .067 070 .073 .077 081
248.7
203.8
I
201.1 204.8
222.1 239.8 228.5 232.8
1981
1980 1981 1980
205.3
205.4
Goods
Final sales
169.9
Addenda:
182.2
Gross domestic purchases 1
Final sales to domestic purchas1822
197.9
188.4
1927
195.7
1994
197.7
188.7
1922
1955
199.5 2037
180.4
183.2
Table 7.8.—Implicit Price Deflators for Auto Output
Index numbers, 1972=100
Seasonally adjusted
1980 1981 1980
IV
Table 7.4—Implicit Price Deflators for Gross National Product by
Sector
177.36 193.71 183.81 188.14 191.06 195.61 200.10
177.4 193.7 183.8 188.2 191.1 195.6 200.1
1774 1937 1838 1882 191.1 1958 2000
1770 193.8 183.1 1879 190.9 196.0 2007
1790 1962 1852 1901 193.1 198.4 2033
1609 1749
193.1 191.8
177.4 1937
1664
2088
1838
169.6
200.0
1882
172.8
198.7
1911
1765 1803
1906 180.2
1958 2000
201.99
202.0
201.6
202.1
2045
1837
1854
2016
Households and institutions
Private households . . . . .
Nonprofit institutions
1895 2079
193.8 208.9
189.1 207.9
1960
1998
195.7
201.2
203.4
201.0
2057
2066
205.7
2101 214.7
2110 215.0
2100 2147
2192
2169
2194
Government
Federal
State and local .
173.5
1666
176.7
189.4
1837
192.0
180.5
1780
181.7
184.1
1795
1862
1868
1802
1898
189.8
1805
194.2
1968
194.4
1980
200.0
195.9
202.0
175.4
191.9
182.0
186.5
189.2
193.8
198.2
1960
1859
190.4
193.3
198.1
2024
II
III
1982
IV
I'
155.9 166.8 160.5 159.0 165.9 171.4 171.3 171.6
Auto output
Final sales
Personal consumption
155.8 167.1 160.2 160.5 166.0 170.6 172.9 173.0
....
200.1
Addendum:
Gross domestic business product
less housing
179.4
1981
I
2039
Gross national product
Gross domestic product
Business
Nonfarro
Nonfarm less housing
Housing
Farm
Statistical discrepancy
Rest of the world
169.4 186.1 176.5 1768 1854 189.8 194.8 193.1
161.2 1702 1646 1643 1697 1736 1747 1745
Producers' durable
equipment ...
Exports
Imports .
1465 1452 1405 1375 1466 1485 147.8 146.1
1613 1711 164.4 1649 170.5 174.2 1753 175.1
.
.
164.7 1713 1651 165.7 1686 174.7 178.6 1804
. 211.4 2308 2141 228.0 2291 2318 2340 232.7
167.5 171.8 1656 162.5 1736 1715 1801 1783
Addenda:
Sales of imported new autos 2
1617 170.7 164.4 164.4 170.0 1739 1751 1743
1614 1705 1646 1644 170.0 1738 174.8 174.7
Table 7.9.—Implicit Price Deflators for Truck Output
186 5 2068 194 0 198 8 2050 210 2 214 0 212 8
Table 7.5.—Implicit Price Deflators for the Relation of Gross National
Product, Net National Product, and National Income
Gross national product
177.36 193.71 183.81 188.14 191.06 195.61 200.10 201.99
Final sales
Personal consumption expenditures
Producers' durable equipment
Net exports
Exports
Imports
Change in business inventories
Less Capital consumption allowances with CCAdj
1948
2097
2000
2028
2078
2117
216.2
175.4
191.9
182.0
186.5
189.2
193.8
198.2
200.1
Less:
Indirect business tax and nontax
liability plus business transfer
payments less subsidies plus
current surplus of government
enterprises
1464
1673
153.7
1645
1669
1687
169.1 1659
195.0 219.7 2052 2106 2176 224.2 2289 232.6
176.4 1955 1864 185.3 191.6 2016 2016 201.8
1949 2204 2052 2106 2176 2241 2294 233 1
2179
Equals: Net national product
186.5 207.0 195.0 199.0 205.3 210.0 214.8 213.2
161.2 1706 1647 1643 1699 173.7 1746 1745
1945 2201 2052 210.6 217.6 2242 2294 2331
Table 7.11.—Implicit Price Deflators for Personal Consumption
Expenditures by Major Type of Product
Personal consumption expenditures
Statistical discrepancy
177.4
1937
183.8
1882
1911 1958
2000
2016
Motor vehicles and parts
Equals: National income
179.1
195.1
185.6
189.3
192.0
202.0
204.6
Other
197.0
Table 7.3
1. Gross domestic purchases equals GNP less exports plus imports; final sales to domestic purchasers equals final sales less exports plus imports.
Table 7.7.
1 Equals the deflator for gross domestic product of nonfinancial corporate business with the
decimal point shifted two places to the left.
Table 7.8
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.
Table 7 9.
1. Includes new trucks only.
.....
Food
Gasoline and oil
Other nondurable goods
Fuel oil and coal
Other
Housing
Household operation
Other
Transportation
Other
178.9 193.7 184.9 188.5 191.5 195.7 199.3 201.7
1654
1806
1509
1697
1683
184.6
1529
170.2
1701
188.0
1542
1731
1560
1671
1436
161.7
1664
181.5
1516
1703
1605
1732
1465
167.3
1623
1740
1486
168.1
1886
190.5
1343
3394
1875
4714
1701
2024
206.9
1386
3760
204.1
5740
1848
1952
2003
1365
3437
1934
4845
1758
1992 2004 2037 2062 207 2
2037
1370
3763
1981
5594
1793
204.2
1378
3790
203.0
5828
1835
2087
1396
3704
206.2
575.3
1867
2111
1399
3784
2090
579.1
1899
2136
1403
3689
2112
5731
1938
1781
165.6
181.5
2394
1463
1843
1870
1952
1802
201.9
2725
1607
199.0
2059
1843
1713
216.4
2509
1502
192.4
1931
1884
174.7
188.2
2583
1538
194.0
1985
1922
1781
192.3
2655
1577
1970
2025
1976
1820
197.7
2803
1629
201.4
2083
2023
1859
206.2
2854
1680
203.8
2142
2062
189.4
2177
2956
1711
2032
2184
171 8
1872
1558
1748
14
June
SURVEY OF CURRENT BUSINESS
Table 7.14B.—Implicit Price Deflators for Government Purchases of
Goods and Services by Type
Table 7.17.—Implicit Price Deflators for Merchandise Exports and
Imports by Type of Product and by End-Use Category
Index numbers, 1972=100
Index numbers, 1972=100
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1980
1981
1980
I
IV
Government purchases of
goods and services
Federal
184.4
183.9
National defense
Nondurable goods
Compensation of
employees
Military
Other services .
Structures
Nondefense
Services
Compensation of
State and local
Durable goods
Compensation of employees.
Structures
202.7
206.4
1982
1981
192.8
196.4
197.4
199.4
11
III
IV
199.5
204.2
210.6
212.0
201.9
206.6
217.2
215.5
1980
1981
1981
1980
I
IV
I'
II
1982
III
IV
I'
Merchandise exports
1856
1791
4415
1746
2088
2041
4905
1953
196.8
1848
4651
185.8
201.2
193.7
4761
188.9
2042
1992
481.0
1906
208.3
2088
495.6
193.8
220.8
213.5
508.2
207.3
2225
218.8
4899
209.3
1647
1609
1702
1940
1983
1832
1822
1846
2170
2164
176.9
174.5
180.3
203.0
2031
1784
176.0
1818
208.5
2071
1789
176.4
1826
2122
214.0
179.2
1765
183.1
2200
217.6
196.0
199.6
190.8
2261
2261
197.3
200.3
1928
230.1
2300
180.6
167.5
201.7
192.8
1987
1752
195.9
1866
197.3
189.3
2031
194.5
2103
2029
2026
2060
176.9
193.0
1859
189.1
1911
1929
1992
2021
170.0
185.4
207.7
184.7
2039
223.4
1802
192.8
2142
1818
198.1
2189
182.6
2019
222.2
1831
2063
2250
191.2
2104
2279
1933
2148
2301
184.7
1697
1917
179.4
176.7
1875
2208
200.3
1823
2081
1960
1920
2079
233.6
190.0
1750
1982
184.7
181.7
1935
226.3
194.5
178.4
2023
1892
186.2
198.1
231.3
198.0
1810
2058
1934
1898
2039
2335
202.8
1836
211.5
1988
1942
2124
2350
206.2
1865
2127
2028
1980
2170
2349
209.7
1881
2149
2069
202.0
2214
2368
Table 7.16.—Implicit Price Deflators for Exports and Imports of Goods
and Services
Index numbers, 1972=100
236.7
258.3
248.4
255.7
257.4
260.0
260.3
263.6
Foods, feeds, and beverages .
Industrial supplies and
materials
Durable goods
Nondurable goods
Capital goods, except autos . . .
Autos
Consumer goods
Durable goods
Nondurable goods
Other
Durable goods . .
Nondurable goods ...
235.1
246.9
2554
263.1
256.2
2391
228.0
228.6
2829
2829
2829
212.2
2497
1995
231.1
1726
235.9
2359
2359
2932
293.2
293.2
2482
286.5
2009
2440
173.1
258.4
2584
2584
2831
283.1
283.1
2281
2673
2029
2389
1764
2484
2485
248.2
292.6
2925
2926
237.5
270.6
1992
237.4
1735
255.8
2558
2558
2934
293.4
293.4
244.3
282.9
1977
2428
1692
2572
257.2
2572
2942
2942
294.2
2540
2925
2024
2484
1725
260.0
259.8
260.1
292.6
2926
2926
258.6
3039
2046
2485
1775
2604
2605
2603
291.0
291.1
2910
266.8
3087
2060
2501
1798
2637
2637
263.7
Merchandise imports
332.3
331.9
339.1
348.0
343.4
323.4
314.8
318.0
2701
259.2
2773
277.0
268.1
254.4
238.2
2434
Foods, feeds, and beverages
Industrial supplies and
materials, excluding
petroleum
Durable goods .
Nondurable goods
Petroleum and products .
Capital goods except autos
Autos
Consumer goods
Durable goods
Nondurable goods
....
Other
Durable goods
Nondurable goods
Addenda:
Exports
Agricultural products
Nonagricultural products ... .
Imports
of nonpetroleum
products
301.1 2980 3059 3003 3011 297.5 2932 2967
306.6 2989 3110 3014 3023 298.7 2932 2975
293.2 2967 2983 298.9 2992 295.7 293.1 2956
1,153 8 1,298.0 1,231 0 1,319.8 1,349 3 1,268.4 1,246.5 1,247 9
2054 198.4 2104 2096 1997 195.2 191.2 201.6
2485 2880 2674 277.4 2827 288.2 3033 3110
2212 231.3 2285 236.7 230.8 231.5 2271 233.7
1950 2083 2028 2065 206.1 210.9 2096 2105
2824 2805 2890 3129 284.8 272.4 2609 2850
2462 2518 2542 2584 254.4 250.8 246.6 2540
2462 2518 253.9 2580 254.6 251.0 2466 253.7
246.2 2518 2544 2587 254.2 250.6 2466 254.2
2345
2372
246.4
2613
2535
2471
261.8
2541
254.3
2581
239.3
265.0
2291
269.0
2278
2742
2484
252.6
2562
2586
2549
251.1
246.7
2544
Seasonally adjusted at annual rates
1980
1981
1980
IV
1982
1981
I
II
III
IV
I'
211.0
229.0
219.9
226.1
228.0
229.8
232.2
Nondurable goods
258.3
259.5
2566
2484
2426
2568
255.7
2502
2631
257.4
256.6
2585
2600
264.4
2538
260.3
2681
250.8
263.6
274.3
2515
Other
176.5
175.3
1790
192.5
192.0
193.6
182.8
1820
184.2
1870
1865
1879
1900
1892
191.7
1943
1938
1955
1986
1982
1994
200.9
2001
2024
Imports of goods and services . .
290.1
295.5
296.4
303.1
301.2
289.8
288.5
288.5
Durable goods
Nondurable goods
332.3
235.4
5072
331.9
242.1
500.0
339.1
2439
514.2
3480
244.0
5332
3434
2437
532.8
3234
2418
4801
3148
2394
457.5
3180
2466
4611
Factor income
Other
2011
175.3
2255
218.5
191.9
247.9
208.1
1820
234.0
213.0
1865
239.9
2157
1892
245.9
2194
1938
2508
2264
198.2
255.8
227.6
2001
2596
Index numbers, 1972 = 100
234.7
236.7
2297
247.2
Table 7.21.—Implicit Price Deflators for Inventories and Final Sales of
Business
Exports of goods and services ....
Merchandise
Table 721.
1 Inventories are as of the end of the quarter.
2. Business final sales equals final sales less gross product of households and institutions, government, and rest of the world
Seasonally adjusted at annual rates
1980
1981
1980
IV
1982
1981
I
II
III
IV
I'
230.6
234.3
236.6
238.2
240.0
239.4
Nondurable goods . ,
215.4
2328
2188
2543
2036
2386
222.0
2638
2020
2415
225.4
266.3
195.9
244.3
230.5
2653
192.1
247.0
2338
2670
1905
2465
2344
2647
Durable goods
Nondurable goods
2375
2251
2641
2431
2280
2750
2482
2328
2809
2503
2378
2772
2529
241.3
2779
2531
242.4
2757
234.7
2172
2685
2260
2174
2430
2758
216.1
3790
241.7
2222
279.2
2297
2217
245.8
297.0
2248
4178
2437
226.3
277.8
2329
225.7
247.4
2951
2293
4063
2440
2304
2708
2349
2300
2449
2874
2323
3861
2456
2329
2704
2361
2325
2432
2927
2349
3940
2440
2333
2648
2356
2329
2409
2848
2353
3702
2018
2004
2030
284.7
2043
201.3
2068
295.9
203.2
199.9
206.0
3016
209.7
2083
2109
3051
2123
2116
2128
3112
2110
2106
2113
310.6
184.1
187.6
190.9
195.9
199.9
201.8
184.9
188.1
190.9
195.6
199.1
199.8
Farm ...
Nonfarm
Wholesale trade
Merchant wholesalers
..
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade . .
Durable goods
Other.
Final sales '
Final sales of goods and struc-
June
SURVEY OF CURRENT BUSINESS
15
Table 8.1.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price Deflator, and
Price Indexes
Percent
Percent
Percent at annual rates
Percent at annual rates
Seasonally adjusted
Seasonally adjusted
1980 1981 1980
1981
II
III
IV
IV
I
8.8 114
-.2 2 0
90 9.2
8.6 93
9.6 94
14.9
3.8
10.7
105
10.4
192
86
98
98
102
47
-16
64
77
79
11.4
46
1.4 -45
9.9
95
100
8.6
9.5
86
0
-37
3.8
52
50
10.7 11.1
.5 2.5
102 8.3
106 90
110 91
17.4
70
97
101
101
142
43
58 -2.1
8.0
65
10.3
65
10.9
65
12.5
53
33 -22
90
77
87
7.4
8.2
72
83
34
4.8
55
51
95
26
6.7
72
74
309
212
80
78
74
29.7 -17.2
24.1 -233
4.5
79
47
8.2
45
9.1
166 -15.5
86 -189
73
4.2
82
5.9
89
57
209
163
40
34
31
1972 dollars
Implicit price deflator
Cham price index
Fixed-weighted price index
122 10.0
1.1 2.5
11.0
7.3
120 8.5
12.4 8.7
18.5
6.3
11.5
11.8
118
134
4.6
84
125
136
5.3
2.7
2.5
33
33
90
2.1
6.8
5.2
44
4.9
-.1
50
50
5.1
Services:
Current dollars .
1972 dollars
Implicit price deflator
Cham price index
Fixed-weighted price index
12.8 124
26 26
9.9 9.6
10.2 99
104 10.0
131
37
91
93
93
109
14
93
9.9
101
101
16
83
87
9.0
14.6
2.6
116
11.9
119
117
17
99
100
98
-49 14.0
-125
5.5
237
11.1
45.9
242
21.1
16.1
24.2
157
74
5.3
5.2
180
10.8
6.5
9.4
97
2.5
-7.6
10.9
8.9
8.7
Cham price index
Fixed-weighted price index
Personal consumption expenditures:
1972 dollars
Implicit price deflator ....
Cham price index
- ....
Durable goods:
Current dollars .
1972 dollars
Implicit price deflators
Fixed-weighted price index
-.2
-7.4
77
8.4
84
Nondurable goods:
Gross private domestic
investment:
Current dollars
1972 dollars
Fixed investment:
Current dollars
1972 dollars
Implicit price deflator
Cham price index
Fixed-weighted price index . .
Nonresidential:
Current dollars
....
1972 dollars
.
Implicit price deflator
Chain price index
Fixed-weighted price mdex
7
-71
85
10.0
10.1
83
.5
7.7
8.4
8.4
11
115
3.2
8.0
81
81
-3.1
-1.3
-18
56
49
58 11.1
-30 2 5
91 8.4
103 9.0
106 93
11.5
4.0
72
63
7.0
196 11.4
133 -2.1
5.6 13.9
9.1 10.1
9.5 10.3
136
5.8
6.9 -29
6.2
89
79
69
8.3
7.0
Structures:
Current dollars
1972 dollars
Implicit price deflator
Chain price index . .
. .
Fixed-weighted price index
130 155
- 1 54
131 9.6
119 86
11.8 82
165
9.0
69
6.4
58
223
166
49
97
90
17.8
84
87
88
8.1
Producers' durable
equipment:
Current dollars
1972 dollars
Implicit price deflator
Chain price mdex . . . . ® .
Fixed-weighted price index
2.0 86
-42 1.3
65 7.2
9.5 9 2
9.8 10.1
87
19
6.6
63
79
Residential:
Current dollars
-11.3
2
1972 dollars
-186 -61
Implicit price deflator
90 67
Cham price index. .. .
93 7 0
Fixed-weighted price index . . .
93 69
68.5
642
2.6
2.1
21
140 -19.2 -321 -229 -82
36 -234 -362 -271 -100
100
64
5.5
58
19
7.5
62
101
6.0
25
60
7.5
63
101
2.4
Exports:
Current dollars
1972 dollars
Implicit price deflator .
Cham price deflator
Fixed-weighted price index. ..
208 8.1
44
9 6 -.4 - 7 4
102 86 128
10.1 93 147
103 93 145
270
9 -.3 -26 -92
13.6 -23 -35 -65 -130
118
33
3.4
4.2
44
116
53
5.0
3.9
48
117
50
3.4
5.6
50
Imports:
Current dollars
1972 dollars
Implicit price deflator
181
-1
18.2
205 115, -97
55
103 142
93 -24 -A 14.4
79
5.9
1.9
218
6.7
141
85
81
18.0
5.6
118 -59
55 12.3
88 110
9.9 118
25.2
240
1982
1981
I
II
III
IV
I'
66
6.0
96
9.0
12.9 10.6
29
.6
97 9.9
97 9 4
111 96
202
22
176
128
13.3
6
82
135
54 -56 -1.5
77
65
9.9
92
81
87
86
74
9.3
245
102
130
111
10.9
2.9
0
28
59
5.4
185
63
114
110
13.1
157
31
122
110
116
402
2.0
37.4
229
236
193 -3.7
14.8 -84
51
40
93
91
88 10.6
131
31
97
6.1
58
567
282
222
184
186
5
38
-32
40
39
National defense:
Current dollars
... .
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
18.4
57
120
118
143
172
42
125
119
12.2
350
5.9
275
23.6
244
10.4
11
93
87
84
169
7.9
83
77
60
470
163
264
207
205
-1
-29
30
3.9
31
Nondefense:
Current dollars
.. _
1972 dollars.
Implicit price deflator
Cham price index
Fixed-weighted price index. .
186 12.9 512 389 -24.4
54
7.5 11 -53 468 -26.4 -61
28 12.3
10.3 117 59.7 -5.4
70
9.4 9 4 21.4 104
29
65
51
10.0 9 9 216
9.9
Cham price index .
...
Fixed-weighted price index ...
—
Government purchases of goods and
services:
1972 dollars
Implicit price deflator.
Chain price index
Fixed-weighted price index ...
Federal:
Current dollars
1972 dollars.
Implicit price deflator . . . _
Chain price index
Fixed-weighted price index
126
118
6 -59 -13
4 -74 -1.9
87
26
5.9
10.2
122
7.9
62
(
20
2.9 :
2.6
39 -160 -37.8
33 -247 -36.3
3 -15
-4.4 -83
4.9
75
7.8
68
80
67
1981 1980
I'
IV
Gross national product:
Current dollars
1972 dollars
1980
1982
-16
c
-2.5
64
6.4
20.1
9.2
100
7.5
62
31
— 5
3.7
66
61
11.1 -25
6.3 -8.0
45
6.0
7.3
66
85
75
-47
1.5
-61
6.3
6.6
State and local:
Current dollars
1972 dollars
Implicit price deflator
Chain price index. ...
Fixed-weighted price index .
98 7 5
1.0 -.9
87 8.5
90 85
97 82
97
2.3
72
72
6.8
100
2
98
92
97
8.4 114
-11 2 6
9.7 86
103 90
108 90
189
66
11.5
9.9
100
18.4
81
94
99
102
98 10.5
7 1.3
9.0 91
8.6 93
9.6 9 4
3.3
53
38 -42
75
99
7 5 104
72
86
16
789
179
557
14.9 -13.9
41
13.6
62
135
71
1
69
68
58
45
24
70
72
66
60
-.3
63
7.2
73
102
53
2 3 -36
7.8
92
86
8.0
80
79
-9
-38
30
55
51
150
44
102
106
10.4
155
2.0
69 -47
70
8.0
77
98
103
79
109
72
3 -18
10.5
91
100
87
9.5
86
63
20
4.3
52
50
9.5 105
- 2 1.9
97 85
103 90
109 9.1
190
72
10.9
99
100
32
146
6.4 -36
77
7.1
99
72
73
10.3
87 114
-2 20
90 9 2
86 93
96 9.4
156
44
107
105
104
85 117
-5 2 3
9.1 9 2
8.7 93
9.8 9 4
Addenda:
Gross Domestic Purchases:
Current dollars
- ...
1972 dollars
Implicit price deflator.
Fixed-weighted price index ...
Final sales:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Final sales to domestic
purchasers:
Current dollars
....
1972 dollars
Implicit price deflator.
Chain price index
Fixed-weighted price index... .
....
Gross domestic product:
Current dollars
1972 dollars
.
Implicit price deflator. .
Cham price index
....
Fixed-weighted price mdex. ...
97
12
84
86
8.0
79
-7
87
81
79
5.4
20
33
56
51
51
189
83 -12
64
98
77
98
10.2
79
108
4.1
.9 -49
99
95
100
8.6
95
86
10
-27
3.8
52
5.0
154
50
9.9
97
93
48
20.3
9 5 -14
99
63
79
100
82
105
11.6
2.4
12 -59
103
8.8
104
78
99
75
-1
-33
33
4.9
47
91 11.8
- 4 21
96 9 5
176
6.9
100
19.3
77
108
58
-6
65
102
26
- 9 -66
112
9.9
9
-20
29
110 10.7
7 22
128
29
112
3.0
80
14
Business:
378
25.8
9.6
2 6 -170
4.5 -171
1.8
1
1972 dollars . . .
Chain price mdex. .
Fixed-weighted price mdex
Nonfarm:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index . . .
Disposable personal
income:
Current dollars .
1972 dollars . . .
118
2.6
94
16
48
0
NOTE.—The implicit price deflator for GNP is a weighted average of the detailed price indexes used in the deflation of GNP. In each period, the weights are based on the composition of constant-dollar
output in that period. In other words, the price index for each item (1972 = 100) 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
,-Jipansons _. percent changes in the chain index also reflect changes in the composition of output The fixed-weighted price index uses as
„
only the change in prices between the two periods. However, comparisons of r
weights the composition of output in 1972 Accordingly, comparisons over any time span reflect only changes in prices
June
SURVEY OF CURRENT BUSINESS
16
$9% billion decrease in the fourth.
The decrease resulted from not only
lower profits, but also a sharp decrease in the share of domestic profits
going to Federal taxes. Excluding the
profits of Federal Reserve banks
(almost all of which are returned to
the Treasury and are counted as corporate profits taxes in the NIPA's),
the share dropped to 23% percent in
the first quarter from 31 percent in
the fourth. The reduced share reflected both increased tax credits (under
(Continued from p. 4)
tributable to underdepreciation—the
CCAdj with sign reversed—decreased
$3 billion to $9^ billion. These decreases accounted for almost twofifths of the decrease in profits before
tax.
Disposition of profits.—Corporate
profits taxes, which are levied on
profits including inventory profits and
profits attributable to underdepreciation, decreased $15 billion to $53% billion in the first quarter, following a
the Economic Recovery Tax Act of
1981) and reduced pre-tax profits relative to the credits.
Dividends continued their 6-year
uptrend in the first quarter, increasing another $1 billion to $67 billion.
Undistributed profits decreased $26%
billion to $51% billion following a decrease of $13% billion in the fourth
quarter. The first-quarter level, after
2 years of decrease, was as low as that
registered at the end of the 1974-75
recession.
Reconciliation and Other Special Tables
Table 1.—Relation of Net Exports of Goods and Services in the National
Income and Products Accounts (NIPA's) to Balance on Goods and
Services in the Balance of Payments Accounts (BPA's)
Table 2.—Real Gross National Product and National Income, Command
Over Goods and Services, and Related Series
[Billions of 1972 dollars]
[Billions of dollars, seasonally adjusted at annual rates]
Seasonally adjusted at annual rates
1982
19 31
I
Export* of goods and services, BPA's
Less- Gold BPA's
Capital gains net of losses in direct investment income receipts
Statistical differences 1
Equals: Exports of goods and services, NIPA's
II
III
IV
3731
55
377.6
51
3719
44
3690
25
3615
17
3
4
5
6
15
-2.0
8
367.4
2.9
.6
.7
368.2
-.9
-.8
11
3680
-2.0
2.3
6
365.6
-6
2.3
1.1
356.9
7
Less: Payments of income on U S. Government
Gold BPA's
Capital gains net of losses in direct invest
Statistical differences '
Plus Gold NIPA's
Equals. Imports of goods and services, NIPA's . . ..
Less: Gold (2-9 + 13)
Capital gains net of losses in direct investOther items (5-12)
Plus: Payments of income on U.S Government
liabilities (8)
Equals- Net exports of goods and services, NIPA's
(6-14)
3545
3659
3616
3653
3488
8
9
15.8
3.8
170
41
17.1
4.5
17.1
3.7
17.9
30
10
11
12
13
14
3
-3.2
-.2
-1.9
-10
2.9
1
3.4
.5
3.4
4
3382
6
347.5
6
3387
0
341.0
.4
325.4
15
16
187
2.1
116
1.5
10.2
6
3.8
-11
12.7
-.9
17
18
19
12
12
.8
3.1
25
.7
.1
38
1.1
-2.1
1.1
6
-.1
11
1.1
20
158
17.0
17.1
17.1
179
21
292
208
293
247
315
1 Consists of statistical revisions in the BPA's that have not yet been incorporated in the
NIPA's
1981
I
1
2
1980
1981
I
GNP
Net exports of goods and services
II
1982
III
rv
1,480.7 1,510.3 1,516.4 1,510.4 1,515.8 1,498.4 1,484.5
1,428.7 1,465.4 1,465.5 1,464.2 1,472 6 1,459 2 1,445 2
44.9
52.0
509
462
43.2
39.2
39.3
1,184.6 1,203.4 1.2J0.3 1,208.7 1,206.9 1,187.5 1,171.8
1,436.8 1,474.2 1,475.1 1,471.1 1,482.7 1,467.8
1,428.7 1,465.4 1,465.5 1,4642 1,472.6 1,459.2
Net exports of goods and services1
Command, National income basis .
I
1,456.1
1,445 2
8.8
6.9
109
8.0
96
101
8.6
1,145.5 1,171.4 1,173.7 1,173.8 1,177.6 1,160.3 1,146.8
Percent change from preceding period
GNP
Command, GNP basis
Command, national income basis ....
Addendum
Terms of trade2
-.2
-1.0
-1.0
-1.9
20
2.6
1.6
2.3
8.6
8.6
7.8
79
-1.6
-1.1
-.5
0
1.4
32
-6
1.3
-45
-4.0
-6.3
-5.7
-37
-3.1
-5.2
-4.6
727
77.5
74.6
75.7
79.3
805
81.4
1. Equals current-dollar net exports of goods and services deflated by the implicit price
deflator for imports of goods and services.
2 Equals the ratio of the implicit price deflator for exports of goods and services to the
implicit price deflator for imports of goods and services
By GARY L. RUTLEDGE and BETSY D. O'CONNOR
Plant and Equipment Expenditures by Business for
Pollution Abatement, 1981 and Planned 1982
NoNFARM business spent $8.9 billion in 1981 for new plant and equipment to abate air and water pollution
and to dispose of solid waste, down
from $9.2 billion in 1980, according to
a survey conducted by BEA in late
November and December 1981 (table
1). The 3-percent decrease in spending
in 1981 was the first since the series
began in 1973 (chart 3). Plans indicate
spending will be $9.4 billion in 1982.1
These estimates are not adjusted
for price change. Prices, as measured
by the implicit price deflator for pollution abatement (PA) plant and
equipment, increased 10 percent in
1981—the same increase as in 1979
and 1980 (table 2.)2 Real spending for
1. Pollution abatement (PA) is the reduction or
elimination of emissions of pollutants that is brought
about by human activity directed to that purpose. Disposal of solid waste refers to the collection and disposal of solid waste by means acceptable to Federal,
State, and local authorities. Part of expenditures for
disposal of solid waste is not for PA, but presenting
only the PA portion is not feasible at the level of
detail in this article. For further discussion of pollution abatement and solid waste disposal, see John E.
Cremeans, "Conceptual and Statistical Issues in Developing Environmental Measures—Recent U.S. Experience," Review of Income and Wealth, ser. 23 (June
1977): 97-115, and Gary L. Rutledge and Susan L. Trevathan, "Pollution Abatement and Control Expenditures, 1972-79," SURVEY OF CURRENT BUSINESS 61
(March 1981): 19-27.
The survey results are universe estimates for U.S.
nonfarm business of PA plant and equipment expenditures, excluding expenditures for emission abatement
devices on cars and trucks. The estimates are based on
sample data from companies, each of which is assigned to a single industry corresponding to the industry classification of the company's principal product
For a brief description of survey methodology, see
Technical Note 1 in Gary L. Rutledge and Betsy D.
O'Connor, "Plant and Equipment Expenditures by
Business for Pollution Abatement, 1973-80, and
Planned 1981," SURVEY 61 (June 1981): 19-25, 30, and
72.
Expenditures by business for emission abatement
devices on cars and trucks were $2.0 billion in 1980.
For earlier estimates of these expenditures, see Gary
L. Rutledge and Susan L. Trevathan, "Pollution
Abatement and Control Expenditures, 1972-80,"
SURVEY 62 (February 1982): 50-57.
2. Price indexes generally applicable to (although
not specific to) PA plant and equipment are used to
derive the price deflator for PA. Changes in the PA
deflator primarily have reflected price changes; shifts
in composition of purchases have affected the deflator
only to a limited extent.
PA plant and equipment decreased 12
percent in 1981, compared with a 1percent decrease in 1980. Real spending for air PA, water PA, and solid
waste disposal decreased 11 percent,
16 percent, and 2 percent, respectively.
Price information for the first quarter of 1982 suggests that prices are
likely to increase less in 1982 than in
1981. In combination with the 5-percent planned increase in currentdollar spending, a reasonable range
for price increase yields a 1- to 4-percent decrease in real PA plant and
equipment spending—the third consecutive annual decrease. Plans for
1982 imply a continued decrease in
real spending for air, more than offsetting increases for water and solid
waste.
The first section of this article presents current-dollar spending patterns, focusing on actual spending in
1981 and planned spending for 1982.
The second discusses the extent to
which spending plans reported for
1974-81 have been realized.
Spending patterns
Of the $8.9 billion spent for PA
plant and equipment in 1981, $5.0 billion was for air pollution abatement.
This level of spending for air PA represents a decrease of 2 percent, following a 13-percent increase in 1980.
Business plans another decrease in
air PA spending of 1 percent in 1982.
The Clean Air Act as amended in
1977 set a major deadline late this
year for meeting Federal standards
for air quality improvement. However, Congress is currently reexamining
this Act; proposed amendments include provisions for postponement of
the 1982 deadline.
NOTE.—William J. Russo, Jr., contributed significantly to this article, especially to the analysis of planned spending.
Spending for water PA plant and
equipment decreased 7 percent (to
$3.0 billion) in 1981, following a 2-percent increase in 1980. Business plans
a 13-percent increase in 1982—the
largest increase since 1976. The next
major deadline for meeting Federal
standards for water pollution abatement is in 1984 and is for selected categories of pollutants. The Environmental Protection Agency (EPA) has
recommended that provisions that
postpone this deadline be enacted.
Congress is likely to examine this
EPA recommendation soon in preparing to reauthorize sections of the
Clean Water Act.
Business increased spending for
solid waste disposal plant and equipment 8 percent (to $0.9 billion) in
1981—a much smaller increase than
in 1979 (27 percent) and 1980 (20 percent). A 12-percent increase is
planned in 1982. EPA is issuing hazCHART 3
Percent Change in New Plant and
Equipment Expenditures for Pollution
Abatement
Percent
1974
75
76
77
78
79
80
81
* Planned
U S. Department of Commerce, Bureau of Economic Analysis
17
376-761 0 - 82 -
82
18
June
SURVEY OF CURRENT BUSINESS
Table 1.—New Plant and Equipment Expenditures by U.S. Nonfarm Business: Total and for Pollution Abatement
[Billions of dollars]
1981
1980
Pollution abatement
Total1
Total
Air
Solid
waste
Water
Planned 1982
Pollution abatement
Pollution abatement
Total'
Total
Water
Air
Sohd
waste
Total1
Air
Total
Water
Solid
waste
295.63
321.49
8.93
4.97
3.04
0.92
345.11
9.37
4.91
3.43
1.03
.55
126.79
5.42
2.69
2.10
.63
136.81
5.78
2.67
2.44
.67
2.27
1.42
.69
.15
61.84
1.97
1.09
.70
.18
67.24
2.19
1.14
.82
.23
771
329
311
98
61
27
.67
.41
.17
.26
19
07
04
01
03
812
3.17
346
78
.49
.23
54
.33
.16
19
.13
.05
.05
02
03
8.74
4.07
2.95
85
.51
26
54
.30
17
24
18
06
.07
03
03
07
16
15
52
39
.10
.02
.07
.07
31
25
04
03
06
.07
.17
.12
04
01
.02
.01
04
.02
.02
296
10.31
13.22
1839
1008
643
07
18
15
46
.35
10
02
08
05
20
.16
03
.04
.07
09
21
.16
.05
(«)
.02
.01
06
.04
02
333
1260
1491
18.59
949
7.25
07
24
18
.49
38
.10
02
11
06
19
16
.03
.04
.10
.10
23
18
05
01
.03
.01
07
.04
03
.25
.14
21
07
03
06
.01
01
3.14
5.69
.16
16
12
.07
03
07
01
02
3.18
5.89
.17
19
.12
10
03
07
02
.03
56.90
3.25
1.46
1.40
.40
64.95
3.46
1.60
1.40
.45
69.58
3.59
1.53
1.63
.44
739
162
680
1260
2069
1.73
6.08
27
07
.39
.73
1.71
03
04
.08
05
16
32
83
.02
.01
.18
.02
16
32
69
01
02
02
C)
.07
10
.19
01
01
822
156
672
13.60
26.56
1.77
653
30
.05
38
.88
176
.04
04
13
.03
16
38
88
02
.02
.14
.02
.12
36
74
02
01
04
(*)
11
14
14
01
01
807
152
6.75
15.38
28.96
2.03
6.87
.27
.05
.48
.97
1.72
.06
04
12
02
.25
39
.71
.02
.02
.13
.03
17
43
83
02
01
.02
C)
.06
.15
.19
.01
.01
179.81
Rubber
0.85
2.09
3.82
509
Food including beverage
3.28
2.88
2.96
9.59
11.59
1816
9.06
703
Nondurable goods ...
5.07
5.52
58.91
Blast furnaces, steel works
9.20
115.81
3.69
2.19
1.20
.30
194.70
3.51
2.28
.94
.29
208.30
3.59
2.24
.99
.36
.10
.01
(*)
.01'
1686
1205
4.24
381
400
.46
09
.04
01
05
.18
.04
.02
.01
.02
.18
.04
.02
(*)
02
10
01
(*)
C)
C)
1833
1353
455
415
4.83
.61
13
.06
.02
.06
23
06
.03
01
02
24
.06
.03
01
.03
.14
.01
(*)
C)
(*)
..
.15
.14
(*)
04
C)
38.40
2974
8.65
86.33
4106
280
2.71
09
11
.03
198
191
.06
05
02
.67
65
.03
.04
.01
.15
.15
(*)
03
(*)
40.20
3177
8.43
90.48
4575
271
263
.07
.10
04
1.88
182
.05
.05
.03
65
.63
02
.03
.01
.18
.18
(*)
.03
.01
.48
.11
.04
.01
.07
17
05
01
C)
.03
3544
2812
732
81.79
36.99
Railroad
Air
Other
1351
1209
4.25
4.01
382
.22
06
03
(')
03
288
2.82
.07
.17
04
1.86
182
.04
.09
03
.88
.86
02
04
.01
•Less than $5 million.
1. Consists of final estimates taken from the quarterly surveys of total new plant and equipment and, for 1982, plans based on the 1981 fourth-quarter Survey taken in late January and
February 1982.
ardous waste regulations implementing a major section of the Resource
Conservation and Recovery Act and
plans to have them all in effect this
year.
Air and water pollution abatement
is achieved in two ways—by end-ofline methods and changes-in-production-process methods. The former involve the separation, treatment, or
reuse of pollutants after they are generated but before they are emitted
from a company's property. In 1981,
business allocated 80 percent of plant
and equipment spending for air and
water PA to end-of-line methods; in
1982, they plan to allocate 79 percent
(table 3). This proportion has remained fairly constant since the
survey began. As an alternative to
end-of-line methods, production processes may be modified or new processes substituted to reduce or eliminate
the generation of pollutants. Changesin-production-process methods entail
spending for both PA and other purposes, such as the reduction of pro
2. Includes industries not shown separately.
3 Consists of lumber, furniture, instruments, and miscellaneous
4. Consists of apparel, tobacco, leather, and printing-publishing
5 Consists of communication; construction, social services and membership organizations, and
forestry, fisheries, and agricultural services
duction costs, but survey respondents
are asked to report only the part of
spending that is for pollution abatement. Table 4 shows changes-in-production-process spending by major industry groups.
In 1981, business allocated 2.8 percent of total plant and equipment
spending to PA—down from 3.1 per-
cent in 1979 and 1980. Plans indicate
a decrease to 2.7 percent in 1982. If
business spending for motor vehicle
emission abatement devices is added
to PA plant and equipment spending
reported from the survey, the allocation in 1980 would be 3.8 percent and
(based on preliminary data) 3.7 percent in 1981.
Table 2.—New Plant and Equipment Expenditures for Pollution Abatement in Current and
Constant Dollars With Implicit Price Deflators
1973
1974
1975
1976
4.92
2.92
1.69
31
5.70
6.97
402
2.56
39
7.23
3.81
2.97
45
1977
1978
1979
1980
8.42
4.50
321
71
9.20
5.07
3.28
.85
1981
Billions of dollars
Total
Air
Water
3.37
1.93
.40
7.34
380
3.04
50
7.58
3.91
3.11
.56
8.93
4.97
3.04
.92
Billions of constant (1972) dollars
Total
Air
Water
4.67
2.79
1.58
.30
4.68
274
1.60
34
5.16
2.93
1.95
.29
105.5
121.8
1226
121.0
118.8
135.0
1374
1314
134.4
5.09
264
2.14
.32
4.83
246
2.05
.33
4.64
2.38
1.93
33
4.69
2.50
1.81
38
4.64
254
170
41
1
4.08
225
1.43
40
Implicit price deflators, 1972=100
Total
Air
Water
.
105.0
106.5
104.3
1 The implicit price deflators for 1981 are based on preliminary source data.
142.0
144.5
139.0
141.6
151.8
154.6
1484
152.9
163.3
1645
161.1
168.0
179.6
1802
1772
186.2
198.1
1996
193.4
2087
1
218.6
2205
2129
228.4
June
SURVEY OF CURRENT BUSINESS
19
Table 3.—New Plant and Equipment Expenditures by U.S. Nonfarm Business for Air and Water Pollution Abatement by End-of-Line Methods 1
[Billions of dollars]
1980
Total
Air
1981
Water
Total
Planned 1982
Water
Air
Total
Water
Air
6.80
..
...
* Less than $5 million.
1. End-of-line methods involved the separation, treatment, or reuse of pollutants after they are
generated but before they are emitted from a company's property Changes-in-production-process
estimates for air and water pollution abatement can be derived by subtracting estimates in this
table from those in table 1.
Industry detail.—Manufacturing industries
decreased
current-dollar
spending for PA plant and equipment
2 percent in 1981; nonmanufacturing
industries decreased spending 5 percent. Every major industry group
except nondurables manufacturing
decreased spending (table 5). Of the
largest spenders (those spending $200
million or more for PA plant and
equipment), the only increases were
by chemicals, 21 percent; food and
beverage, 11 percent; and petroleum,
3 percent. Of the remaining large
Table 4.—New Plant and Equipment Expenditures for Air and Water Pollution Abatement
by Changes-in-Production-Process Methods
[Billions of dollars]
1980
Total nonfarm business. .
Manufacturing
Durable goods
Electric utilities . . .
Other nonmanufacturing. . . .
1981
Planned
1982
1.55
1.61
1.77
.94
.46
48
.94
.44
51
1.13
.49
.64
61
45
16
67
.55
.12
64
50
.14
1.90
1.10
.55
1.35
.83
.51
1.47
.86
.60
.57
.38
.14
.24
.18
.05
62
.44
.14
.46
.31
.11
.16
.13
.03
66
.45
.16
.45
28
12
21
17
.04
.02
.05
.05
.19
.16
.03
.03
.04
06
.12
.09
.02
04
.11
.11
.23
.18
.05
.01
.06
.03
.11
09
.02
.03
.04
.08
.12
.09
.03
04
15
13
.25
.19
.05
02
08
04
11
09
02
.03
.07
09
14
11
03
.16
.05
.03
.05
12
.11
.10
.05
.02
.05
.12
12
.10
.07
.02
05
1.21
1.16
2.50
1.34
1.17
2.52
1.22
1.30
.04
.01
.12
.27
74
01
.01
.13
02
14
.27
.58
.01
.02
18
03
15
69
140
03
03
09
01
.09
.35
.77
.01
.02
08
.02
.07
.33
.63
.02
.01
.16
.04
.22
.75
1.28
.04
.03
08
01
14
36
.59
.02
.02
08
03
.08
39
69
02
01
1.86
.91
2.55
1.86
.69
2.59
1.82
.77
.34
.08
03
C)
04
Public utilities
2.67
2.09
2.78
Air
3.91
3.98
.17
.03
.26
.54
1.32
.02
.03
.
6.58
1.68
2.37
Paper
2.37
2.17
.19
.10
..
4.03
3.85
04
09
.11
.31
25
05
Food including beverage . . . .
6.40
1.71
81
.56
18
.
2.62
2.32
1.65
Aircraft
4.18
4.03
15
03
.01
C)
.02
20
.04
.03
17
.04
01
(*)
.02
17
03
.02
44
09
05
'.62"
(*)
04
21
05
.02
(*)
02
.23
.05
.02
02
.34
.07
03
(*)
04
2.25
223
02
.08
03
161
1.60
01
.05
02
64
63
01
03
.01
2.06
201
05
.06
02
161
1.58
.03
.03
.02
46
.44
.02
.03
C)
1.98
196
03
.05
03
1.51
150
.01
.03
02
47
.46
01
02
C)
!()2
2. Includes industries not shown separately
3 Consists of lumber, furniture, instruments, and miscellaneous.
4 Consists of apparel, tobacco, leather, and printing-publishing.
5 Consists of communication; construction; social services and membership organizations; and
forestry, fisheries, and agricultural services.
spenders, the largest decreases were
by iron and steel, 20 percent; nonferrous metals, 15 percent; and motor vehicles, 10 percent.
In 1982, manufacturing industries
plan a 7-percent increase in spending
and nonmanufacturing industries
plan a 2-percent increase. Most industries plan increases. Of the large
spenders, the largest planned increases are by electrical machinery
and mining, 33 percent each; paper,
26 percent; nonferrous metals, 13 percent; and chemicals, 10 percent. The
two industries that spend the most for
PA plant and equipment—electric
utilities and petroleum—plan decreases of 3 percent and 2 percent, respectively.
Industries that allocated the largest
proportions of total plant and equipment spending to PA in 1981 were
iron and steel, 15 percent; electric
utilities, 9 percent; nonferrous metals
and petroleum, 7 percent each; and
chemicals and paper, 6 percent each.
As shown in chart 4, these allocations
decreased from 1980 to 1981 for all
except chemicals. Plans for 1982 indicate decreased allocations for iron
and steel, electric utilities, chemicals,
and petroleum; increased allocations
are planned for nonferrous metals
and paper. Over the 1973-81 period,
allocations for petroleum, paper, and
chemicals have shown a downtrend
since the mid-seventies. Allocations
peaked in 1973 for nonferrous metals
and in 1979 for iron and steel. Allocations for electric utilities have remained relatively flat.
Table 5.—New Plant and Equipment Expenditures for Pollution Abatement: Percent
Change From Preceding Year
1980
Total nonfarm business
Durable goods ..
Nondurable goods
Nonmanufacturing
Mining ....
Transportation
Planned
1982
9.3
-2.9
4.9
145
135
152
18
-13.2
6.5
66
112
38
25
-59
10.0
-4.9
-4.2
-18.2
28
-353
-250
23
326
444
32
-91
333
47
Trade and services
Communication and other
1981
-10.5
20
SURVEY OF CURRENT BUSINESS
CHART 4
Pollution Abatement as a Percentage
of Total New Plant and Equipment
Expenditures
Percent (Ratio scale)
20
10
8
6
5
30
cHy k
20
Annual patterns.—Actual spending
for PA plant and equipment fell short
of planned spending in 6 of the 8
years. A similar pattern is evident for
major industry groups: Actual spending fell short of that planned by durable goods industries in 7 years, by
nondurables in 4 years, and by nonmanufacturing in 6 years (table 6).
CHART 5
Planned and Actual Pollution
Abatement Plant and Equipment
Expenditures
In contrast, for total plant and
equipment, actual spending exceeded
that planned in 5 of the 8 years.
Actual spending exceeded that
planned by durable goods industries
in 5 years, by nondurables in 6 years,
and by nonmanufacturing in 4 years.
Also, the percentage by which actual
spending differed from planned spending (without regard to sign) was
smaller in most years for total plant
and equipment than for PA plant and
equipment.
The tendency for actual spending to
fall short of that planned for PA
plant and equipment probably reflects
characteristics of the PA regulatory
IKfiftifclffe iifeitfWMf eRfeSt: 'i %$ ihsff X? process. Many rules were issued
1973 74 75
76 77 78 79
80 81
82
during 1974-81. They were often com• Planned
plicated, and they and associated comU.S. Department of Commerce, Bureau of Economic Analysis
pliance schedules were subject from
time to time to refinement and reinterpretation. The certainty of vigorous enforcement varied among
The realization of plans
rules and for different deadlines. In
Although the PA plant and equip- this complex situation, businesses
ment series is short, tentative evalua- may have overplanned (i.e., planned
tion of the extent to which spending PA capital spending projects that
plans are realized is possible. In this could be postponed or scaled down) as
section, simple correlation analysis is a way to safeguard against more
used to compare spending plans with stringent interpretation or more vigactual spending. Patterns are then orous enforcement. Alternatively,
noted and possible causes are dis- businesses may have simply underescussed. The effect of systematic bias timated the complexity of the situaon the accuracy of reported spending tion and encountered delays in followplans is evaluated next, followed by a ing the details of rules and obtaining
comparison of reported plans and pro- approvals of needed permits for PA
jections based on mechanical meth- projects.
ods.
Although characteristics of the PA
The first year for which planned regulatory process appear to be the
spending for PA plant and equipment most likely explanation of the tendis available is 1974 and the last year ency for actual spending to fall short
for which actual spending is available of that planned, there are several
is 1981, so that the period for com- other possibilities. First, the possibilparison of planned to actual spending ity that the observed tendency results
consists of 8 years, 1974-81. Trends in from chance alone cannot be ruled
planned and actual spending are simi- out. Probability theory suggests that,
lar (chart 5). The simple correlation if the chance of actual spending fallcoefficient for the two series is 0.90. ing short of planned spending is equal
The similarity is notably smaller if to that of actual spending exceeding
changes in levels, instead of levels, plans and if the formation of business
are compared. The simple correlation plans each year is independent of the
coefficient for these changes is 0.58.
same process in other years, then the
June
10 i§
-10
1974
75
76
77
78
79
80
81
U S Department of Commerce, Bureau of Economic Analysis
likelihood of actual spending falling
short of that planned six or more
times out of eight is 14 percent. The
possibility that refinement of statistical procedures might reduce the frequency with which actual spending
falls short of that planned also cannot
be ruled out. Improvement, if feasible,
of planned spending totals using systematic bias adjustment procedures
(such procedures are briefly discussed
later) specific to PA might have this
effect. Finally, business conditions
other than characteristics of the PA
regulatory process affect the realization of PA spending plans.
Systematic bias.—Systematic bias is
that portion of the deviation of
planned spending from actual spending assumed to be due to factors other
than economic and operating conditions. Because the PA spending series
is short, bias correction factors are
not yet derivable from it for most
years and factors from the total plant
June
and equipment spending estimates
must be used to adjust PA spending.
For example, if total plant and equipment spending for an industry is decreased 1 percent to remove systematic bias, then PA spending for that industry is also decreased 1 percent.
The bias adjustment procedure lowered the mean absolute percent deviation—the average of percent deviations without respect to sign—between planned and actual PA spending for 1974-81 from 10.7 percent to
7.8 percent, significantly improving
the accuracy of reported plans as published. The improvement occurred in
most years and across major industry
groups. The breadth of improvement
is evident from table 6, where percent
deviations are observable by subtracting 100 from the figures shown.
Although the same sources of systematic bias in plans for total plant
and equipment spending apparently
affect plans for PA spending, it is unlikely that the effect is proportional,
as is currently assumed when adjusting PA spending.5 An adjustment designed specifically for PA would eliminate the need for the proportionality
assumption. For two of three years
(1979-81) for which a PA-specific adjustment is available, it yields a
smaller absolute percent error than
the adjustment currently used.
Comparison with mechanical projections.—Errors in reported plans may
be compared with errors that arise
from mechanical methods of projecting spending. The simplest mechanical method is based on the no-change
assumption—that is, the assumption
that future spending will equal current spending. A second method is
based on the same-change assumption—that is, the assumption that the
percent change from the current level
will equal the most recently observed
percent change in actual spending.
The root-mean-square error (RMSE) is
used in evaluating these errors. It resembles an arithmetic mean of errors
without respect to sign; the difference
is that dispersion in the size of errors
around their mean increases the
RMSE but does not increase the
arithmetic mean without respect to
SURVEY OF CURRENT BUSINESS
21
Table 6.—New Plant and Equipment Expenditures for Pollution Abatement: Planned
Expenditures as a Percentage of Actual Expenditures
1974
1975
1976
1977
1978
1980
1979
1981
Mean
absolute
percent
deviation,
1974-81 2
After systematic bias adjustment '
Total nonfarm business
120.6
96.1
105.3
108.8
103.8
97.2
104.8
112.0
7.8
Durable goods .
1238
125.6
122.5
114.3
912
99.7
86.0
107.7
100.6
105.5
97.8
114.8
110.8
116.9
107.1
105.3
105.2
1133
1000
1018
1001
1022
986
933
1082
1196
1003
997
1170
126.1
1118
104.3
9.3
137
74
69
...
Before systematic bias adjustment 1
124.5
Nonraanufacturing
99.7
110.0
113.9
108.8
102.1
109.3
117.0
10.7
1314
133.8
129.6
111.5
975
1072
91.4
105.0
1080
113.4
104.9
113.8
1188
124.6
115.2
105.4
112.5
120.8
107.2
103.5
106.7
1081
1057
959
1139
1242
1068
1023
122.9
130.5
118.6
107.7
146
203
12.1
6.7
1
Systematic bias is that portion of the deviation of planned spending from actual spending assumed to be due to factors other
than2 economic and operating conditions Planned spending, as published, is after bias adjustment.
The mean absolute percent deviation can be derived in three steps: (1) subtract 100 from annual percentages shown, (2) take
the absolute values, and (3) average these values for 1974-81.
Table 7.—Root-Mean-Square Errors (RMSE) in Annual Projections of Pollution Abatement Plant
and Equipment Expenditures for 1975-81
RMSE in annual projections for 1975-81
Mechanical
projections
Nochange
projections
Nonmanufacturing
.
10.29
13.77
1150
1765
11.94
Samechange
projections
9.31
15.70
15.39
18.08
806
Reported plans
Ratios of RMSE's
Reported plans to
no-change
projections
Reported plans to
same-change
projections
After
bias
adjustment of
plans
After
systematic bias
adjustment of
plans l
Before
systematic bias
adjustment of
plans 1
After
bias
adjustment of
plans
6.79
9.52
1458
934
8.30
10.47
1393
19.93
11.43
7.79
0.66
69
1.27
.53
70
Before
bias
adjustment of
plans
1.02
1.01
173
65
65
0.73
.61
95
.52
1.03
Before
bias
adjustment of
plans
1.12
.89
129
63
97
NOTE.—Formulas for RMSE's are as follows
No-change projections
vi
Same-change projections
Reported plans
(At-At-!
^ At_, •
where n is the number of observations; A,, A,t-i, and Ai-s, are PA plant and equipment spending in years t, t-1, and t-2,
and tAt-i is planned PA plant and equipment spending for year t, as of year t—1
1. Systematic bias is that portion of the deviation of planned spending from actual spending assumed to be due to factors
other than economic and operating conditions. Planned spending, as published, is after bias adjustment
sign.6 Comparison of the RMSE's are
limited to 1975-81 because a projection of spending based on the same
change assumption is not possible for
1974.
The RMSE's are compared in table
7 for major industry groups, before
and after systematic bias adjustment
of planned PA spending. After adjustment for systematic bias, reported
plans usually outperform both nochange and same-change projections
of PA spending at the all industry
level and for major industry groups.
Before adjustment, both no-change
and same-change projections outperform reported plans at the all industry level; this result primarily reflects
the large RMSE in plans of durable
goods industries.7
(Continued on p. 72)
5. For discussion of sources of systematic bias, see
Genevieve B. Wimsatt and John T. Woodward, "Revised Estimates of New Plant and Equipment Expenditures in the United States, 1947-69- Part II," SURVEY
50 (February 1970): 19-39.
6. The root-mean-square error is calculated by (a)
squaring the error for each observation, (b) adding all
the squared errors, (c) dividing the sum of the squared
errors by the number of observations to obtain the
mean squared error, and (d) taking the square root of
the mean squared error.
7. For information on mechanical projections of
total plant and equipment spending, see Frank de
Leeuw and Michael J. McKelvey, "The Realization of
Plans Reported in the BEA Plant and Equipment
Survey," SURVEY 61 (October 1981): 28-37.
By JOHN T. WOODWARD
Plant and Equipment Expenditures,
the Four Quarters of 1982
NoNF/
?ARM business in the U.S.
plans to spend $328.6 billion for new
plant and equipment in 1982, 2.2 percent more than in 1981, according to
the BEA quarterly survey conducted
in late April and May (table 1 and
chart 6).1 Spending totaled $321.5 billion in 1981, 8.7 percent more than in
1980.
The planned spending increase for
1982 is 5.1 percentage points lower
than the 7.3-percent increase reported
in March. Both manufacturing and
nonmanufacturing industries revised
down 1982 spending plans. Durable
goods manufacturers revised spending
plans down 9 percent and nondurables manufacturers, 5 percent; all
major industry groups in manufacturing reported downward revisions in
1982 plans except nonferrous metals
and "other nondurable goods." Nonmanufacturers revised spending plans
down 3% percent. All major nonmanufacturing industries reported downward revisions except railroads; the
largest revisions were in "other transportation," air transportation, mining, and "communication and other."
BEA estimates that the spending
plans indicate a decline in real terms
of 2.4 percent (table 2). Real spending
in 1981 was virtually unchanged from
1980. Estimates of real spending plans
for 1982 and real spending for 1981
were derived from the survey data on
current-dollar spending and from implicit price deflators for each industry
prepared by BEA. Respondents to the
quarterly survey are not asked to
report information on price changes
1. Plans have been adjusted for biases (table 7, footnote 1). The adjustments were made for each industry.
Before adjustment, plans for 1982 were $130.06 billion
for manufacturing and $193.23 billion for nonmanufacturing. The net effect of the adjustments was to
lower manufacturing $2.77 billion and to raise nonmanufacturing $8.08 billion.
22
reflected either in actual or planned
spending data.
BEA's estimates of real spending
plans for 1982 are based on the assumption that plans for each industry
reflect inflation expectations equal to
the average growth rate for that industry's implicit price deflators
during the latest 4 quarters for which
they are available. Based on this assumption, BEA estimates that the
price deflator for all capital goods
purchases by business will increase
4.8 percent in 1982, after an 8.7-percent increase in 1981. The smaller increase in the deflator projected for
1982 reflects the deceleration in capital goods price increases in the first
quarter and a shift to purchases of
capital goods with relatively lower
prices. If the spending plans for 1982
reported in the survey reflect expectations by business of a larger increase
in prices than that yielded by BEA's
procedure, the implied decline in real
planned spending would be larger
than the 2.4-percent estimate.
Capital spending in the first quarter of 1982 was at a seasonally adjusted annual rate of $327.7 billion, little
changed from the fourth quarter of
1981. Plans indicate a 1.2-percent decline in the second quarter and 1.3and 2.1-percent increases in the third
and fourth quarters, respectively. In
real terms, spending increased 0.5
percent in the first quarter; plans indicate a 2.4-percent decline in the
second quarter, little change from the
second to the third quarter, and a 0.6percent increase in the fourth.
Other highlights of the survey are:
• The value of new investment
projects started by manufacturers
declined 18 percent—to $27.7 billion—in the first quarter (table 3
and chart 7). Cancellations of
large projects by public utilities
more than offset the initiation of
new projects with the result that
the net starts figure for utilities
is a negative $4.3 billion.
The rate of capacity utilization
in manufacturing in March was
72 percent, the same rate as in
December and 3 points below the
recession rate in March and June
1975 (table 4).
Spending in current dollars for
new plant in the first quarter increased 2.1 percent from the
fourth quarter and spending for
new equipment declined 1.5 percent (table 5). Real spending for
^ • • ^ ^ • B
^ ^ • ^ • •
CHART 6
Changes in Business Investment
-10
0
Percent
10
TOTAL NONFARM BUSINESS
Railroad
Electric Utilities
Communication and Other
Trade and Services
Mining
Nondurable Goods
Manufacturing
Miscellaneous
Transportation
Air Transportation
Durable Goods
Manufacturing
Gas, Water, and Sanitary
Services
U S. Department of Commerce, Bureau ol Economic Analysis
20
30
SURVEY OF CURRENT BUSINESS
June
plant increased 1.4 percent and—
given a decline in equipment
prices—real spending for equipment was unchanged.
The revisions in current-dollar
spending programs between the February and May surveys represent one
of the sharpest cutbacks ever recorded for the quarterly survey. Such a
large downward revision had not occurred since 1958, when business cut
spending programs 5.4 percentage
Table 1.—Expenditures for New Plant and
Equipment by U.S. Nonfarm Business: Percent Change from Preceding Year
points. The large revision this year
may have reflected to some extent a
moderation in expected inflation in
capital goods prices, but it probably
also reflected the unfavorable conditions affecting investment decisions.
Real GNP and corporate profits declined in the first quarter of 1982
after sizable declines in the fourth
quarter. The utilization of capacity in
manufacturing remained at December's low rate, and interest rates on
long-term corporate bonds remained
at near-record levels in the first quarter.
23
cent; a 3-percent increase in nondurables was partly offset by a 1 ^-percent
decrease in durables.
New investment projects started by
manufacturers declined 18 percent in
the first quarter of 1982 to $27.7 bil-
Starts and Carryover of Investment
Projects
Billion $ (Ratio scale)
150
100
80
60
Manufacturing Programs
50
40
1981
Actual
Jan.Feb.
Apr.May
8.7
7.3
2.2
9.5
7.9
.4
5.0
8.7
1.1
5.3
-3.8
113
2
7.5
14.1
1.3
11.3
-8.5
-177
11.8
7.7
28.7
-14.9
123
222
127
1.1
-5.9
129
13
3.4
1.3
15.7
-101
-2.4
141
50
-119
-13.6
-3.8
-10.0
-58
Total nonfarm business
Af anu f actu ri ng
Durable goods
Primary metals *
Blast furnaces, steel works ..
Nonferrous metals
Fabricated metals
Electrical machinery
Machinery, except electrical...
Transportation equipment 1.....
Motor vehicles
Aircraft
Stone, clay, and glass
Other durables
14.1
Nondurable goods
Food including beverage . . . .
Textiles
Paper
Chemicals
Petroleum
Rubber
Other nondurables
Nonmanufacturing
1982 Planned as
reported by
business in:
. .
7.1
1.8
11.2
-3.9
-1.3
8.0
28.4
1.9
7.4
-18
-25
6
131
9.0
14.6
5.2
-5.9
-15.0
-11.9
47
5.0
6.7
9.3
. .
8.3
7.0
3.4
248
-3
-3
-51
4.6
8.7
12.3
7.2
91
208
2.2
4.3
9.9
.8
17
Public utilities
Electric
Gas and other
83
58
181
47
68
-2.6
30
52
-46
Trade and services
Communication and other
56
11.0
48
11.4
2.9
5.1
Alining
Transportation
Railroad
Air
Other
.
1 Includes industries not shown separately.
Table 2.—Expenditures for New Plant and
Equipment by U.S. Nonfarm Business in
Constant (1972) Dollars: Percent Change
from Preceding Year
1981
1980
Total nonfarm business
Manufacturing
Durable goods
Nondurable goods
Nonmanufacturing
Mining
Transportation
Public utilities
Trade and services
Communication and other
0.8
1982
0
—2.4
8.8
.8
-3.5
7.6
10.1
-1.3
3.2
-3.5
-3.6
-3.5
-.5
-1.7
2.1
-10.3
-44
-3.9
-13
7.0
-7.7
-2.0
-.7
16
-9.1
-1.7
-3.5
.4
-2.6
Manufacturers reported a firstquarter increase in current-dollar
spending of 1 percent, to a seasonally
adjusted annual rate of $128.3 billion,
after a 2 ^-percent decline in the
fourth quarter; the first-quarter increase was in nondurable goods industries. Plans are for a 2-percent decline
in the second quarter, a 2 ^-percent
increase in the third, and a 1-percent
decline in the fourth. Nondurables industries plan a larger decline in the
second quarter than durables and a
larger increase in the third. In the
fourth quarter, a small increase in
durables is more than offset by a decline in nondurables.
Planned current-dollar spending for
the year 1982, $127.3 billion, is 0.4
percent larger than in 1981; actual
spending increased 9% percent last
year. Nondurable goods industries
plan a 1.8-percent increase this year
and durables, a 1.1-percent decline. In
nondurables, increases are planned by
"other nondurables," 9% percent;
rubber, 6% percent; petroleum, 5 percent; and chemicals, 4% percent. Decreases are planned by textiles, 15
percent; paper, 12 percent; and foodbeverage, 6 percent. In durables, increases are planned by iron and steel,
15% percent; electrical machinery, 14
percent; and nonelectrical machinery,
5 percent. Decreases are planned by
motor vehicles, 13% percent; stoneclay-glass, 10 percent; nonferrous
metals, 10 percent; "other durables,"
6 percent; aircraft, 4 percent; and fabricated metals, 2% percent.
In real terms, manufacturers plan a
3%-percent decrease in 1982 spending;
the decrease is the same in durables
and nondurables. In 1981, manufacturers increased real spending 1 per-
30
20
15
10
8
6
75
77
79
Seasonally Adjusted
* Carryover as of end of period
U S Department of Commerce, Bureau of Economic Analysis
1971
73
81
24
SURVEY OF CURRENT BUSINESS
June
Table 3.—Starts and Carryover of Plant and Equipment Projects, Manufacturing and Public Utilities
[Billions of dollars; quarters seasonally adjusted]
Carryover!
Starts '
1982
19 81
I
II
III
12332
13519
35.41
3290
5767
791
1025
1072
16.50
346
6889
978
1150
1595
19.35
322
1550
215
234
326
5.02
84
1749
287
262
382
5.51
58
Paper
65.65
741
774
1401
2663
66.29
833
656
1334
2764
19.90
205
136
390
971
Public utilities
43.69
34.98
10.10
Nondurable goods 3
IV
qo oo
1982
19 81
I
March
June
Sept
March
Dec
33 68
27 73
89 44
90 97
91 78
93 73
89 37
10 95
37 12
38 84
41 34
44 37
1230
1320
197
918
649
875
1226
213
40 12
359
304
5.46
94
1823
229
322
602
331
90
15.41
260
127
274
6.11
15.19
228
167
370
5.23
15.45
140
230
301
6.25
16.77
1 52
184
328
782
52.32
492
603
1198
2360
52.13
547
570
1172
2320
50.44
559
562
1168
2177
49.36
507
628
1108
2108
49.26
453
660
1078
2174
13.78
9.29
1.00
4.30
131.25
135.57
13497
12604
11170
18 15
246
132
223
232
318
34
7 69
500
590
1169
205
852
496
648
901
565
632
186
828
602
774
1134
179
1. Starts are estimated by adding changes in carryover to expenditues 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.
lion. Sizable declines in the machinery, primary metal, transportation,
stone-clay-glass, and paper industries
more than offset increases in the petroleum, chemicals, and food-beverage
industries.
Because the value of new projects
started in the first quarter was less
than expenditures, carryover of manufacturing projects decreased. At the
end of March, carryover totaled $89.4
billion, $4.3 billion lower than at the
end of December.
Capacity utilization
The utilization of manufacturing
capacity was 72 percent in March unchanged from December (table 4).
This rate—the lowest recorded for the
BEA series since it was begun in
1955—is 6 points below the rate in
March and June of last year and 3
points below the recession rates in
March and June of 1975.
Although the overall rate was unchanged from December, sizable
changes were reported by some industry groups. Motor vehicles increased
10 points, to 61 percent, and rubber
increased 6 points, to 72 percent.
Chemicals and stone-clay-glass increased 2 points, to 72 and 68 percent,
respectively. Offsetting these increases were declines of 3 points in
nonelectrical machinery and petroleum, to 85 and 70 percent, respectively, and 2 points in aircraft and primary metals, to 71 and 61 percent, respectively. Other major industries reported little or no change.
The utilization rate in March for
primary-processed goods industries
was 70 percent, 1 point below the December
rate;
advanced-processed
goods was unchanged, at 73 percent.
Large firms (assets of $100 million
and over) reported a 1-point increase
in their utilization rate from December to March, to 73 percent. Mediumsized firms (assets of $10 million to
$100 million) reported 74 percent, unchanged from December. Small-sized
fiMns reported a 1-point decline, to 70
percent.
Manufacturing companies owning
25% percent of fixed assets reported a
need for more facilities as of the end
of March, about 2 percentage points
lower than at the end of December
(table 6). Companies owning 54 percent of fixed assets reported that
facilities were about adequate, a drop
of 3% points from December. Compa-
Table 4.—Manufacturers' Capacity Utilization Rates: Operating Rates and Ratios of Operating to
Preferred Rates *
[Seasonally adjusted]
Ratios of operating to perferred rates
Operating rates (percent)
March
June
1981
1982
1981
Industry and asset size
Sept
Dec
1982
Sept
Dec
March
March
June
March
0.83
0.84
0.81
0.77
0.78
78
Asset size:
$100.0 million and over . .
$10 0 to $99 9 million
Under $10.0 million
....
78
76
72
72
80
78
74
79
78
75
76
77
74
72
74
71
73
74
70
.84
.84
.80
84
84
81
81
83
80
77
80
.77
78
80
77
77
77
74
70
70
.82
.82
.79
.74
.74
Asset size:
$100 0 million and over
$10 0 to $99 9 million
Under $10 0 million
79
75
72
79
75
71
75
74
72
70
69
71
71
68
68
.83
81
77
.83
.81
.78
.79
80
.78
74
74
76
.75
74
74
Machinery, except electrical
Transportation equipment 3
79
78
89
72
69
77
74
77
76
90
73
73
75
71
74
76
89
65
60
75
71
63
74
88
60
51
73
66
61
73
85
64
61
71
68
.86
.85
.94
74
.69
.83
.79
83
84
.95
75
72
.81
78
.80
.84
94
.67
.59
81
76
.68
.82
.93
.61
.50
79
71
.66
.81
.90
66
.60
77
74
79
80
78
75
75
.85
.86
.85
.81
.82
81
82
75
80
81
78
79
80
75
75
79
70
76
78
71
86
.88
.82
.87
.87
.84
.85
.86
.82
.82
.85
.78
83
84
80
79
80
89
78
73
75
79
82
89
77
76
77
78
81
85
75
72
72
74
75
83
70
73
66
75
74
83
72
70
72
.86
.82
.93
.86
.77
80
.86
.85
.92
85
.80
.82
.85
.84
.88
83
.77
.76
.83
78
.86
.78
78
.70
85
77
.91
.80
.73
.77
78
78
78
78
76
76
71
73
70
73
.83
.84
.83
.81
.82
.76
.78
.75
.79
Asset size:
$100 0 million and over . . . .
$100 to $999 million
Under $10 0 million
Textiles
.84
1. The survey asks manufacturers to report actual and preferred rates of capacity utilization for the last month of each
quarter. Utilization rates for industry and asset-size groups are weighted averages of individual company rates See "The
Utilization of Manufacturing Capacity, 1965-73," SURVEY OF CURRENT BUSINESS, July 1974, p 47
2. Also includes lumber, furniture, fabricated metals, instruments, and miscellaneous.
3. Also includes other transportation equipment
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 & weight), leather, and
miscellaneous.
SURVEY OF CURRENT BUSINESS
June
25
Table 5.—Expenditures for New Plant and for New Equipment by U.S. Nonfarm Business in Current and Constant Dollars
Billions of dollars
Billions of 1972 dollars
Seasonally adjusted at annual rates
1980
I
n
Seasonally adjusted at annual rates
1982
1981
1981
III
1980
1981
1982
1981
I
IV
I
III
II
rv
I
295.63
117.55
178.08
321.49
133.46
18804
312.24
128.57
183.67
316.73
131.05
185.68
328.25
136.40
191.85
327.83
13667
19117
327.72
139.49
18823
158.52
52.92
105.61
158.56
5474
103.82
159.94
55.24
104.70
157.31
54.34
102.97
160.25
55.40
10485
156.75
5398
10277
157.54
54.75
102.79
115.81
36.06
79.76
126.79
4070
86.09
124.50
39.03
85.47
125.49
4026
85.23
130.11
4175
8837
126.91
41.31
85.60,
128.32
4291
85.41
60.10
15.34
4476
60.59
15.55
4504
61.96
15.73
46.24
60.44
1568
4476
61.53
1576
4577
58.41
1503
43.38
60.01
15.53
4448
Plant
5891
16.28
42.63
61.84
16.03
45.82
6124
16.50
44.74
63.10
1660
46.50
62.58
15.70
46.88
60.78
15.46
4532
60.84
1603
4481
31.78
759
2420
3136
6.99
24.37
3199
7.41
24.58
32.11
7.26
2484
3144
6.77
24.67
29.89
651
23.38
30.51
6.70
2381
Plant
56.90
19.78
37.12
64.95
24.68
4027
63.27
2254
4073
62.40
23.66
3873
67.53
26.05
41.48
6614
2586
40.28
6748
2688
40.60
28.32
775
20.57
2923
8.56
20.67
29.97
831
2165
28.33
8.42
1991
30.09
8.99
21.10
2852
852
20.00
29.50
8.83
2067
179.81
8149
98.32
194.70
92.75
101.95
187.74
8954
98.20
191.24
90.79
100.45
198.13
94.66
103.48
200.92
9535
10557
199.40
9658
10282
98.42
37.58
6085
97.98
39.19
58.79
97.98
3951
5846
96.87
38.66
5821
98.72
39.64
5908
98.34
38.95
59.39
97.53
3922
58.31
Plant
13.51
775
576
16.86
10.75
6.11
16.20
998
622
1680
11.07
5.73
17.55
1083
672
16.81
10.99
5.82
17.60
11.53
608
5.25
2.48
278
562
2.94
2.68
5.77
291
2.85
5.62
308
254
5.84
2.93
2.92
5.26
2.84
2.42
549
2.94
2.55
Plant
12.09
2.99
9.10
12.05
3.33
8.72
11.74
3.13
8.61
1170
318
8.52
11.61
3.40
8.21
13.12
3.55
956
11.99
3.96
803
613
140
4.72
566
144
422
5.71
1.41
430
5.53
1.39
4.14
543
1.46
3.97
595
149
4.46
544
165
379
3544
23.00
12.44
38.40
25.23
13.17
3605
2301
1304
37.84
25.29
12.55
3955
2584
1371
3974
26.45
1329
40.12
25.80
1432
17.47
10.50
696
17.12
10.50
6.61
1682
1001
681
1707
1070
638
17.49
10.67
683
1708
1064
644
1724
1030
694
Plant..
81.79
35.23
4656
8633
39.43
46.90
83.43
39.63
4380
85.88
3859
4729
87.55
39.92
47.63
88.33
3952
4881
87.80
39.98
4782
4716
1686
30.30
46.81
1770
2911
4645
18.38
28.06
46.75
1745
2930
46.98
17.75
29.22
4707
17.20
2986
47.20
1734
29.85
Plant
3699
12.52
24.46
41.06
14.02
27.05
4032
1379
26.53
39.02
12.66
26.36
4189
1467
27.21
4292
1484
28.08
41.89
15.32
26.58
22.42
6.34
16.08
2277
661
1616
23.23
6.79
16.43
2190
604
1586
22.97
6.83
16.14
22.98
6.78
1620
2216
699
15.18
Plant
plant
1 Includes construction; social services and membership organizations; and forestry, fisheries, and agricultural services.
nies owning facilities viewed as in
excess of needs rose correspondingly,
to 20% percent; this shift occurred in
both durable and nondurable goods
industries.
Nonmanufacturing Programs
Spending in current dollars by nonmanufacturing declined 0.8 percent in
the first quarter, to an annual rate of
$199.4 billion, following a 1.4-percent
increase in the fourth quarter. Sizable
increases in spending were reported
by railroads, 9 percent; services, 6%
percent; gas utilities, 6% percent; and
mining, 4% percent. Most other industries reported declines; air transportation reported the largest, 34 percent.
Nonmanufacturing firms expect a 0.7percent decline in the second quarter
and increases in the third and fourth
quarters, 0.7 and 4.2 percent, respectively.
For the year 1982, planned currentdollar spending by nonmanufacturing
firms totals $201.3 billion, 3% percent
more than spending last year. The
largest increases are planned by railroads, 10 percent, and "communication and other," 5 percent. Increases
of 3 percent are planned by public
utilities and "trade and services."
376-761 0 - 8 2 - 4
In real terms, nonmanufacturing
industries plan a 1.7-percent decline
in spending for 1982. The largest decline is in mining, 9 percent; smaller
declines are planned by public utilities, "communication and other," and
transportation. "Trade and services"
plans a slight increase.
Several large projects were cancelled by public utility firms in the
first quarter with the result that the
net new starts figure is a negative
$4.3 billion. Carryover of utility projects totaled $111.7 billion at the end
of March, $14.3 billion lower than at
the end of December.
Table 6.—Manufacturers' Evaluation of Their Plant and Equipment Facilities
[Percent distribution of gross depreciable assets]
1981
1982
Mar 31
June 30
Sept. 30
Dec. 31
Mar 31
304
31 3
31 1
27 2
25 3
More plant and equipment needed:
Durable goods 2
274
189
262
149
339
346
41 0
400
402
61 6
58 5
612
676
Metal products 3
652
347
351
41 9
275
253
30 9
34 7
41 6
403
225
11 2
290
320
38 3
356
198
84
259
30 6
27 0
381
About adequate:
590
57 1
537
580
518
523
80
126
175
90
35
83
12
10 2
619
507
588
55 1
48 3
56 8
530
51 0
44 2
57 8
55 9
52 3
56 4
595
51 5
57 5
54 i
54 2
53 5
54 3
54 1
64 1
14 8
17 4
264
12 3
123
74
15 5
21 6
365
14 6
85
10 2
69
26 0
38 1
19 8
15 3
89
14 5
54 1
Existing plant and equipment exceeds needs:
Durable goods 2
.
136
159
116
69
63
75
1. According to respondent companies' characterizations of their plant and equipment facilities, taking into account their
current and prospective sales for the next 12 months.
2. Includes industries not shown separately
3. Includes machinery, transportation equipment, and fabricated metals
26
June
SURVEY OF CURRENT BUSINESS
Table 7.—Expenditures for New Plant and Equipment by U.S. Nonfarm Business in Current and Constant Dollars
Billions of dollars, quarters seasonally adjusted at annual rates
1980
1981
1982'
1981
I
II
1982
III
IV
n
I
1
III1
IV 1
295.63
328.04
334.78
125.69
128.55
127.01
61.84
812
3.17
3.46
2.96
10.31
13.22
1839
1008
6.43
3.14
5.69
61.17
8.23
3.66
3.11
2.89
1176
13.89
16.21
8.71
618
283
5.36
6124
7.84
2.86
348
2.92
9.79
12.66
1898
1009
6.98
3.31
573
63.10
814
2.93
3.82
2.82
1062
12.94
19.58
10.22
7.41
305
5.94
6258
7.89
3.04
3.49
305
11.60
1282
18.25
10.31
5.99
3.28
570
60.78
8.48
364
3.13
305
9.49
14.34
1701
972
5.58
2.96
5.45
60.84
8.92
4.13
3.16
3.00
10.79
1334
16.39
8.64
6.48
273
5.67
6067
796
3.54
3.00
257
1182
13.08
17.30
9.69
641
2.65
5.29
61.44
742
316
290
2.87
1353
1388
15.74
8.66
587
285
5.17
6182
8.71
3.89
3.38
3.11
11.05
15.04
15.49
783
6.01
3.05
5.36
6495
8.22
1.56
6.72
13.60
26.56
177
6.53
66.12
7.74
132
5.91
1424
27.89
189
713
6327
8.55
1.53
6.93
12.81
2533
1.74
6.37
62.40
8.15
162
6.42
1201
26.03
1.76
639
6753
8.67
1.54
701
14.95
26.61
1.80
6.94
66.14
766
153
6.56
1442
2781
176
6.41
67.48
8.23
139
605
14.35
28.61
1.80
7.06
65.02
7.39
132
5.76
1418
27.62
193
683
6711
7.50
1.31
616
14.37
2858
193
7.27
65.19
789
127
5.74
14.12
26.93
188
7.36
194.70
201.31
187.74
191.24
198.13
200.92
199.40
198.07
199.48
207.78
16.86
17.24
16.20
16.80
17.55
1681
17.60
16.33
16.71
1829
12.05
424
3.81
4.00
1257
4.66
384
4.07
11.74
423
385
3.66
1170
4.38
3.29
4.04
11.61
418
334
4.09
13.12
4.18
4.82
412
11.99
456
3.20
4.23
1201
4.61
339
4.00
12.97
492
412
3.93
1334
4.55
4.66
4.13
38.40
2974
865
39.55
31.30
8.25
36.05
27.69
8.36
3784
2932
8.53
39.55
30.54
901
3974
31.14
8.60
40.12
30.95
9.17
40.04
31.90
8.13
38.25
30.65
7.60
4005
31.67
8.38
8633
22.43
34.36
29.54
88.79
8343
2057
32.83
30.03
85.88
22.54
32.60
30.74
8755
22.71
36.11
28.73
88.33
23.70
35.89
28.73
8780
21.38
35.78
3063
8762
88.07
91.16
3699
26.16
10.82
Other6
323.75
128.32
3544
28.12
7.32
Public utilities
Electric
327.72
126.91
12.09
4.25
4.01
382
..
327.83
130.11
81.79
21.78
3193
2808
Air
Other
328.25
125.49
13.51
Rubber
316.73
124.50
179.81
Textiles
312.24
127.29
56.90
7.39
1.62
680
1260
2069
1.73
6.08
Aircraft
328.60
126.79
58.91
7.71
3.29
3.11
2.96
9.59
1159
1816
9.06
7.03
3.82
509
Other durables *
321.49
115.81
41.06
28.89
12.17
4315
40.32
28.68
11.64
39.02
27.45
1157
4189
2943
12.45
42.92
29.94
12.97
41.89
29.04
12.85
42.08
43.48
44.94
Billions of 1972 dollars; quarters seasonally adjusted at annual rates *
158.52
Public utilities
Electric
Other 6
156.75
157.54
153.71
153.51
154.35
61.53
58.41
60.01
58.05
58.58
57.11
3136
380
1.44
163
147
5.62
6.93
915
4.88
333
1.50
289
30.27
3199
3.83
137
170
151
547
6.88
9.72
5.06
366
1.64
295
32.11
3.85
1.36
1.80
1.41
5.79
679
981
4.98
384
1.46
3.00
31.44
3.66
138
1.61
1.49
6.24
6.68
895
493
3.06
154
2.86
29.89
3.86
1.63
1.41
1.47
4.96
7.37
8.14
454
2.77
137
273
30.51
4.08
1.87
1.44
147
5.80
6.99
8.06
412
332
1.27
2.85
30.16
3033
30.07
28.32
3.92
.85
3.64
6.67
8.95
93
336
29.23
406
.75
333
660
1022
.88
3.39
2817
29.97
4.37
.76
3.55
655
1042
.90
3.42
28.33
398
79
319
589
10.27
.88
3.33
30.09
4.23
.73
3.44
7.18
1004
.88
359
28.52
366
.71
3.14
6.77
10.16
85
3.23
29.50
398
66
2.93
6.82
10.57
.88
365
2789
28.25
2705
97.98
96.34
97.98
96.87
98.72
98.34
97.53
95.«S
94.92
97.24
562
5.11
5.77
5.62
5.84
526
5.49
492
4.87
5.16
566
5.56
571
5.53
543
595
5.44
536
5.69
575
17.47
1712
1652
16.82
17.07
17.49
1708
17.24
16.86
1578
1619
47.16
12.11
18.88
16.18
Air
Other
160.25
60.44
613
.
157.31
61.96
5.25
Rubber
..
159.94
58.44
98.42
.
154.78
60.59
31.78
3.94
169
157
159
552
6.45
9.59
4.69
378
197
272
Food including beverage
Textiles
158.56
60.10
46.81
11.55
19.27
15.99
46.98
4645
10.94
18.83
16.67
4675
1168
1841
16.66
46.98
11.59
20.02
15.37
47.07
12.00
19.82
1525
47.20
10.82
19.89
16.49
4664
46.44
4764
2242
1711
5.31
2277
1727
5.50
22.17
2323
1776
5.47
21.90
16.63
528
22.97
1740
5.57
2298
17.31
5.67
22.16
1654
5.62
21.88
2214
2250
.
.
1. Estimates are based on planned capital expenditures reported by business in late April and
May 1982. The planned expenditures for 1982 have been corrected for biases The adjustment procedures are described in the October 1980 SURVEY. Before adjustment, plans for 1982 were ?323 29
billion for total nonfann business, $130.06 billion for manufacturing, and $193.23 billion for nonmanufacturing
2. Procedures for preparing constantxiollar estimates are described in the September 1981
SURVEY Constantdollar plans are adjusted by BEA for assumed price changes.
3. Includes industries not shown separately.
4. Consists of lumber, furniture, instruments, and miscellaneous.
5. Consists of apparel, tobacco, leather, and printing-publishing.
6. Consists of construction; social services and membership organizations, and forestry, fisheries, and agricultural services.
By R. DAVID BELLI
U.S. Business Enterprises Acquired or Established
by Foreign Direct Investors in 1981
FoREI
SIGN direct investors, either
directly or through their U.S. affiliates, made outlays of $19.2 billion to
acquire or establish 875 U.S. business
enterprises in 1981, according to the
preliminary results of a recent BEA
survey.1 Total assets of the U.S. businesses acquired or established were
$77.3 billion.
Acquisitions accounted for 37 percent of the investments, but for 87
percent of investment outlays (table
1). The 875 investments were made by
990 investors—630 foreign direct investors and 360 U.S. affiliates. (The
number of investors was larger than
the number of investments because
more than one investor participated
in several of the investments.) U.S. affiliates accounted for more than
three-fourths of total outlays.
Investment outlays were 58 percent
higher in 1981 than in 1980, but the
number of investments fell 53 percent.2 The higher outlays reflected an
increase in the number of large acquisitions—those involving outlays of
1. The survey covered (1) existing U.S. business enterprises in which foreign investors acquired directly,
or through their U.S. affiliates, at least a 10 percent
ownership interest in 1981, and (2) new U.S. business
enterprises established in 1981 by foreign investors or
their U.S. affiliates.
2. Year-to-year comparisons of these data should be
made cautiously. The 1981 data are preliminary and
will subsequently be revised up to reflect the inclusion
of late reports. (The number of investments and the
outlays for 1980 were each revised up about 20 percent from the preliminary totals published in the
August 1981 SURVEY OF CURRENT BUSINESS.) Revised
data for 1981, and preliminary data for 1982, will be
published in spring 1983.
In addition, the smaller number of investments in
1981 partly reflected a change in reporting requirements for the BEA survey. In 1980, the survey covered
investments in U.S business enterprises that had
total assets of over $500,000 or that owned at least 200
acres of U.S. land; for 1981, the exemption level for
total assets was raised to $1,000,000. Partial reports,
primarily for identification purposes, were required to
be filed for investments not meeting these criteria.
For 1980, 1,116 partially exempt investments were reported; total assets of the business enterprises ac
$0.1 billion or more—and the much
higher average cost of those acquisitions. In 1981, there were 29 such acquisitions; the 2 largest involved outlays of roughtly $2.5 billion each, and
7 others $0.5 billion or more each. Together, the 29 acquisitions accounted
for more than two-thirds ($13.3 billion) of total outlays for the year. In
contrast, in 1980, only 18 large acquisitions involved outlays of $0.1 billion
or more; outlays for the largest were
less than $0.8 billion, and for only 1
other were as much as $0.5 billion.
Together, the 18 acquisitions accounted for about 30 percent ($3.8 billion)
of total 1980 outlays.
The increase in outlays for large acquisitions occurred in a period of
worsening general economic conditions in the United States and most
other developed countries. Although
it is difficult to generalize about reasons for the sharp increase, a number
of factors, each common to several
transactions, can be identified. In several cases, investors had sizable liquid
assets to invest, either because their
main line of business (e.g., petroleum
extraction) had been profitable, or because they had recently sold operating assets. In other cases, investors
took advantage of a U.S. company's
NOTE.—This survey was conducted under the
supervision of James L. Bomkamp, Chief,
Direct Investment in the United States Branch,
International Investment Division. Joseph F.
Cherry was project leader for editing and processing the forms. Richard Mauery designed the
computer programs for data retrieval and analysis.
quired or established were less than $0.5 billion. For
1981, 1,854 partially exempt investments, with total
assets of $0.4 billion, were reported; of these, only 241,
with assets of $0.2 billion, would have been required
to file complete reports if the exemption level had not
been raised. Thus, the number of investments would
have fallen sharply in 1981 even if the exemption
level had remained unchanged
need to obtain capital for expansion
or modernization, or its desire to restructure assets by selling certain
business lines. A few investments
were made to acquire U.S. natural resources, mainly coal. Finally, several
investors simply desired to gain an
immediate and significant foothold in
the large U.S. market.
The worsening in U.S. and foreign
economic conditions may have slowed
the pace of small- and medium-sized
investments in 1981. In particular, investments in U.S. real estate, which,
on average, are low in cost and often
highly leveraged, were down substantially last year, both in numbers and
outlays. The decline probably reflected persistently high U.S. interest
rates, as well as the leveling off of
U.S. real estate values.
It is difficult to place these acquisitions and establishments in the context of the U.S. economy. Data available on the operations of the acquired
and established businesses and of all
U.S. businesses are not strictly comparable. Also, results of comparisons
may vary significantly depending on
which items and industries are selected. For example, ignoring comparability problems, U.S. businesses acquired
in 1981 accounted for roughly onehalf of 1 perent of all-U.S. business
employment in 1980; in mining, petroleum, and manufacturing, taken together, they accounted for more than
1 percent of employment, but for
more than 2 percent of the total
Because of space limitations, only summary data for 1980 and 1981 are published in this article. Additional detail is
available on request from: Bureau of Economic Analysis (BE-50, R.B.), U.S. Department of Commerce, Washington,
D.C. 20230.
27
28
SURVEY OF CURRENT BUSINESS
assets of all U.S. businesses. The percentage for assets would have been
significantly lower if the comparison
could have been extended to include
all industries. Several of the excluded
industries, such as construction and
services, are large domestically, but
foreign investment in them is relatively small.3 Also, it should be noted
that in several of the 1981 acquisi-
tions involving U.S. businesses with
large assets and employment, foreign
investors obtained only a minority
equity interest. Unlike the data on investment outlays, which relate only to
the equity interests obtained as a
result of investment transactions, the
data on assets and employment cover
the total operations of the acquired
U.S. businesses.
The next section of the article discusses investment transactions, primarily those involving the largest
outlays. Information from outside
sources—mainly press reports—supplements the data from the BEA
survey by providing insight into the
characteristics of, and, in some cases,
3. For acquired businesses, assets and employment
data are for (or as of the end of) the full year preceding the year of acquisition. Data for all-U.S. employment are for 1980 and are from Table 6.7B, SURVEY,
forthcoming July issue. Data for all-U.S. assets are as
of the end of 1980 and are from U.S., Federal Trade
Commission, division of Financial Statistics, Quarterly
Financial Report for Manufacturing, Mining, and
Trade Corporations, First Quarter 1981, pp. 20 and 80.
June
Table 1.—Investments, Investors, and Investment Outlays
Number
1979
1980'
Investment outlays (millions
of dollars)
1981'
1979
1980'
1981°
1,568
666
902
875
321
554
15,317
13,159
2,158
12,172
8,974
3,198
19,240
16,688
2,558
1,770
1,072
698
US Affiliates
1,659
721
938
1,833
1,188
645
990
630
360
15,317
3,440
11,876
12,172
4,129
8,043
19,240
4,273
14,967
the reasons for, large investments.
The last section briefly presents data
on the operations of the U.S. businesses acquired or established.
Investment Transactions
Industry
By industry of the U.S. business enterprise acquired or established, $7.3
billion of total outlays was in manufacturing (table 2). Within manufacturing, the largest outlays—$2.8 billion—were in chemicals. Almost all of
those outlays financed a two-stage
transaction resulting in the acquisition of a minority interest in a major
U.S. chemical company by the U.S. affiliate of a Canadian distiller through
a Netherlands holding company. The
U.S. affiliate had recently sold its
U.S. oil and gas holdings and sought
to use the proceeds to acquire a large
U.S. petroleum company with substantial coal reserves. Its takeover bid
for the petroleum company was contested by several other potential
'Revised.
0
Preliminary
Table 2.—Investment Outlays by Industry of U.S. Business Enterprise
[Millions of dollars]
1981"
1980'
By type of investor
By type of
investment
By type of investor
By type of
investment
Foreign
direct
investors
Acquisitions
Establishments
Foreign
direct
investors
12,172
8,974
3,198
4,129
8,043
19,240
16,683
2,558
4,273
14,967
318
109
209
221
97
255
102
153
133
122
(D)
144
P)
59
P)
P)
P)
P)
P)
P)
768
705
63
81
686
1,684
1,590
94
281
1,402
3,629
3,467
162
696
2,933
7,310
7,213
97
763
6,647
554
P)
554
p)
0
3
P)
0
P)
P)
P)
P)
P)
P)
1
0
P)
P)
64
P)
253
176
20
57
242
P)
18
P)
10
P)
2
P)
3
0
2
1
250
176
18
56
2,844
2,569
81
194
2,833
2,569
P)
P)
11
0
P)
P)
54
0
P)
P)
2,790
2,569
P)
P)
Other
189
114
480
339
P)
P)
(D)
431
332
P)
P)
P)
48
7
70
P)
P)
145
34
P)
P)
P)
335
305
1,271
2,313
137
320
266
1,139
P)
P)
304
261
1,123
P)
P)
16
5
16
P)
10
71
28
P)
P)
127
249
238
P)
268
P)
P)
P)
P)
14
P)
0
0
Other
281
61
P)
P)
206
P)
70
P)
0
(')
P)
211
P)
P)
P)
P)
312
P)
98
P)
191
240
2
P)
P)
184
72
P)
P)
0
8
87
P)
P)
0
6
224
0
P)
P)
185
940
454
486
516
3,483
P)
913
421
406
498
1,719
323
27
33
80
18
1,763
P)
23
336
84
104
2,297
156
917
118
402
412
1,185
P)
415
978
686
P)
2,088
3,942
411
903
575
P)
461
3,779
4
75
112
P)
1,627
164
338
708
101
P)
1,201
403
77
270
586
P)
886
3,540
Total
All industries
Other
Retail trade
..
.
.
Other
Ttevised.
"Preliminary.
Suppressed to avoid disclosure of data of individual companies.
'Less than $500,000.
D
US.
affiliates
Total
Acquisitions
Establishments
U.S.
affiliates
SURVEY OF CURRENT BUSINESS
June
buyers, including the U.S. chemical
company, whose tender offer was ultimately successful. Subsequently, the
U.S. affiliate exchanged shares in the
petroleum company that it had acquired in its unsuccessful takeover
bid for shares in the U.S. chemical
company.4
Of the $2.3 billion of outlays in primary metals, roughly three-fourths
was accounted for by the acquisition
of a major U.S. copper firm by a U.S.
affiliate of a Netherlands company
4. To avoid duplication in the investment outlays
data, the two stages of this transaction—the initial acquisition of stock in the U.S. petroleum company and
the subsequent exchange of that stock for stock in the
U.S. chemical company—are treated as a single investment. Operating data, discussed at the end of this
article, reflect the combined assets, sales, and employment of the U.S. petroleum and U.S. chemical companies.
29
owned by a British petroleum company. The U.S. affiliate had accumulated substantial liquid assets as a result
of its first full year of production in
Alaska. Other large acquisitions in
primary metals were of the ferrous
alloy operations of a diversified U.S.
chemical company by the U.S. affiliate of a consortium of Norwegian
firms; a U.S. cable manufacturing
firm by a Canadian firm; and a
minority interest in a major U.S.
metals company by an Australian
firm in which the U.S. company, in
turn, had a minority interest.
In "other manufacturing," outlays
were $1.1 billion. The largest acquisitions were of a U.S. cement manufacturer by the U.S. affiliate of a Canadian cement company, which was
owned ultimately by a French company; the truck manufacturing operations of a U.S. company by the U.S.
affiliate of a German auto company;
and a medical instruments manufacturer by the U.S. affiliate of a British
electronics firm.
Outlays in mining were mainly to
acquire U.S. coal deposits. The largest
acquisition was by the same U.S. petroleum affiliate that acquired the
major U.S. copper firm.
In petroleum, two acquisitions accounted for more than two-thirds of
the $1.7 billion of outlays. The first
was the purchase of a portion of a
U.S. petroleum company's oil and gas
properties by the U.S. affiliate of a
Netherlands holding company; the
latter was, in turn, owned by a major
Table 3.—Investment Outlays by Country of Foreign Parent and by Country of Ultimate Beneficial Owner
l
[Millions of dollars]
1980'
By
country
of
foreign
parent
1981"
By
country
of
ultimate
beneficial
owner
By
country
of
foreign
parent
Difference
By
country
of
ultimate
beneficial
owner
Difference
12,172
12,172
0
19,240
19,240
0
9,790
10,245
455
15,373
15,391
18
6,940
-500
11,871
7,535
-4,336
87
584
1,403
17
2,473
0
2,876
99
600
1,424
97
1,650
5
3,066
13
15
20
80
-824
5
190
P)
335
818
P)
7,893
30
2,727
133
684
876
35
452
30
5,325
P)
348
59
P)
7,442
0
2,598
491
96
338
57
720
99
459
161
229
4
121
104
577
111
184
282
778
111
242
425
201
0
59
143
596
197
P)
510
P)
33
1
P)
1350
P)
1,922
460
3,868
3,848
20
2,134
80
49
319
1,618
68
1,313
130
66
164
784
169
821
50
17
-156
-834
101
1,093
24
P)
110
907
P)
602
65
P)
26
385
P)
-491
41
P)
84
-522
P)
609
25
327
257
361
P)
204
P)
2,774
(*)
2,731
43
3,246
1
3,016
229
471
1
284
186
0
r
Revised
p
-4,134
248
P)
123
P)
Addenda:
OPEC
3,567
8,313
2,382
Netherlands Antilles
Other
5,218
12,447
32
Other
1,651
-271
399
Italy
1,956
7,660
7,440
,
1,428
7,931
Canada
5
5
0
2
2
136
0
136
2737
11871
3 013
7 545
276
4326
529
Preliminary.
* Less than $500,000.
Suppressed to avoid disclosure of data of individual companies
1. The foreign parent is the first foreign person in the ownership chain of the acquired or established U.S. business enterprise. The ultimate beneficial owner is that person in the ownership
chain of the acquired or established U.S. business enterprise, beginning with the foreign parent, that is not owned more than 50 percent by another person. Where more than one investor
participated in a given investment, each investor, and each investor's outlays, are classified by the country of each individual foreign parent or by each individual ultimate beneficial owner
D
30
SURVEY OF CURRENT BUSINESS
Canadian distiller (not the same one
involved in the acquisition in chemicals, mentioned above). The second
was the acquisition of a U.S. petroleum company by an Australian company's U.S. affiliate; the assets of the
acquired company were mainly in
Australia.
In banking, more than one-half of
the $1.0 billion of outlays was for the
acquisition of the 12th largest U.S.
bank by a British bank. By the acquisition, the British bank broadened its
U.S. business and acquired substantial dollar-denominated assets; the
U.S. bank, headquartered in California, strengthened itself both domestically and internationally to compete
more effectively with the major international banks. Several smaller U.S.
banks, mainly located in the Far
West, were also acquired. In finance,
except banking, most of the $0.7 bil-
lion of outlays financed the acquisition of a large U.S. securities firm by
an international commodity trading
company.
Roughly one-half of all investments,
but only 10 percent of outlays, in 1981
were in real estate. Most of these investments were purchases of small
parcels of U.S. land. The two largest
investments were by a Canadian real
estate development company through
a U.S. affiliate of its Netherlands
holding company. One was to acquire
the real estate assets of a U.S. firm,
including property in San Francisco's
business district; the other was to acquire land in southern California. Another Canadian firm acquired a minority interest in a major U.S. development company.
Of the $3.9 billion of outlays in
"other industries," about two-thirds
financed the acquisition—one of the
June
year's two largest—of a U.S. construction and oil and gas field services
firm. The acquisition was made by the
U.S. affiliate of a State-owned Middle
Eastern company, and was by far the
largest equity investment in a U.S.
company by an OPEC member to
date. This acquisition provided the
State entry into U.S. downstream activities, and provided the U.S. firm
cash for expansion. In another large
transaction in "other industries," a
British conglomerate acquired the international hotel operations of a U.S.
airline. The airline sold its profitable
hotel operations to raise funds to support its airline business.
Country
In table 3, the distribution of outlays classified by country of foreign
parent is compared with that by coun-
Table 4.—Total Assets, Sales, and Employment of U.S. Business Enterprises Acquired or Established in 1980 and 1981, by Industry of U.S. Business
Enterprise1
[Millions of dollars or number]
1980'
Total
assets
of all
U.S
business
enterprises
acquired
or
established
U.S. business enterprises
acquired
Total
assets
Sales2
Number of
employees
1981"
U S. business enterprises
established
Sales2
Total
assets
Number of
employees
Total
assets
of all
US
business
enterprises
acquired
or
established
U.S business enterprises
acquired
Total
assets
Sales2
Number of
employees
U S business enterprises
established
Sales2
Total
assets
Number of
employees
49,694
42,591
22,625
279,459
7,103
1,724
13,022
77,327
71,607
44,351
393,676
5,720
845
6,128
354
85
7
79
269
9
129
295
111
P)
P)
184
42
498
P)
181
144
1,115
P)
P)
P)
2,621
P)
1,147
11,304
P)
5
P)
741
612
P)
4,699
130
14
77
1,914
1,744
796
1,981
170
6
7
6,942
6,609
11,276
142,851
333
292
2,935
28,340
28,209
33,867
285,425
132
131
1,399
501
501
1,078
9,372
0
0
0
83
(D)
127
1,383
P)
(D)
P)
D
( )
D
( )
P)
P)
P)
0
P)
P)
P)
P)
P)
0
0
0
144
140
268
2,349
4
P)
P)
P)
P)
P)
P)
(D)
P)
P)
80
80
163
1,130
(*)
0
0
P)
P)
P)
P)
0
0
0
21
18
30
266
3
P)
P)
79
75
72
975
4
P)
43
All industries
131
P)
222
1,773
P)
P)
43,216
5,163
27,072
13,362
25,757
36
P)
29
5
26
23
(D)
29
P)
25
P)
P)
(")
P)
462
Paper-and allied products.. . .
42
75
953
1
1
P)
P)
147
1,135
322
3,243
627
252
1,151
488
P)
5,927
4,350
18,715
10,290
P)
P)
23
83
P)
187
0
Other
319
171
1,218
P)
3,431
P)
P)
P)
137
0
358
P)
297
1,506
P)
162
1,212
351
1,500
P)
P)
1,813
346
1,474
4,216
370
1,653
527
2,041
Other
967
132
P)
10
P)
907
P)
P)
10
790
2,116
P)
P)
55
1,825
14,266
461
P)
P)
13,681
59
P)
0
0
P)
161
P)
0
0
P)
267
P)
0
0
P)
660
P)
323
5
P)
384
P)
P)
5
233
875
P)
263
P)
593
4,771
P)
P)
P)
2,231
275
P)
P)
0
P)
168
P)
P)
0
P)
330
P)
P)
0
P)
1,179
20,418
8,613
1,587
5,540
P)
1,099
19,237
8,200
1,409
3,071
1,180
2,375
1,716
1,181
479
642
P)
62,158
13,903
10,729
5,157
2,982
21,520
80
1,181
412
178
2,469
P)
61
36
29
P)
140
P)
P)
228
30
0
375
2,399
1,565
22,938
13,082
633
3,383
1,897
P)
21,193
12,604
P)
1,125
1,710
2,537
2,229
1,261
111
217
P)
44,061
18,132
2,333
628
3,788
P)
P)
1,745
478
P)
2,258
187
25
P)
28
P)
209
88
262
182
20
P)
423
2,783
Other
r
Revised.
Preliminary.
'Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
p
P)
284
1 For acquired businesses, data are for (or as of the end of) the full year preceding the year of
acquisition, for newly established businesses, data are for (or as of the end of) the first full year of
operation
2 Sales, or gross operating revenue, excluding sales taxes
June
try of ultimate beneficial owner
(UBO). The foreign parent is the first
foreign person in the ownership chain
of the acquired or established U.S.
business; the UBO is the person in
the ownership chain, beginning with
the foreign parent, that is not owned
more than 50 percent by another
person. The country of the UBO may
be the same as that of the foreign
parent, a different foreign country, or
the United States.5 Investments for
which the UBO and foreign parent
countries differed accounted for 35
percent ($6.7 billion) of outlays in
1981, compared with 17 percent ($2.1
billion) in 1980
By country of foreign parent, 80
percent of total outlays were for U.S.
businesses that had foreign parents in
developed countries. Among developed countries, by far the largest
amount of outlays—$7.9 billion—was
associated with parents in the Netherlands. Among developing countries,
5. A UBO and its country were identified for 92 percent of outlays in 1980 and for virtually all outlays in
1981. Where the UBO could not be identified, the
countries of the foreign parent and the UBO were assumed to be the same.
SURVEY OF CURRENT BUSINESS
outlays were largest for foreign parents in the Middle East and the Netherlands Antilles.
When 1981 outlays were classified
by country of UBO, rather than by
country of foreign parent, the Netherlands and the Netherlands Antilles
had much lower totals. The differences were $7.4 billion for the Netherlands and $0.5 billion for the Netherlands Antilles. The UBO's primary
advantage in holding their U.S. investments indirectly through these
countries is minimization of U.S.
withholding taxes on their U.S. affiliates' payments of dividends and interest. Other incentives may include
avoidance of regulatory constraints
and protection of privacy.
Outlays were significantly higher
for UBO's than for foreign parents in
several countries, especially Canada
and the United Kingdom among developed countries, and OPEC countries in the Middle East among developing countries. Mainly because the
U.S. construction and oil and gas field
services company was acquired,
UBO's in OPEC countries accounted
for $3.0 billion of outlays, 16 percent
of the global total.
31
Selected Operating Data
Total assets of all U.S. businesses
acquired or established by foreign
direct investors in 1981 were $77.3 billion, 56 percent higher than the comparable figure for 1980 (table 4). By
industry of the U.S. business acquired
or established, assets were highest in
manufacturing ($28.3 billion), banking
($22.9 billion), and finance, except
banking ($13.1 billion). Three acquired U.S. businesses—the major
chemical company, the bank in California, and the investment firm—had
by far the largest asset totals.
U.S. businesses acquired in 1981
had assets of $71.6 billion and sales of
$44.4 billion; they employed 394,000
workers and owned 4.4 million acres
of land. Sales and employment were
much more heavily concentrated in
manufacturing than were assets. Classified by primary use, three-fourths of
the acreage owned by acquired U.S.
businesses was in natural resources;
most of the remainder was in agriculture or forestry.
Total assets of U.S. businesses established in 1981 were $5.7 billion,
and sales were $0.8 billion. These
businesses employed 6,000 workers
and owned 0.3 million acres of land.
By JOAN E. BOLYARD
International Travel and Passenger Fares, 1981
|ET travel and passenger fare payments declined to $1.3 billion in 1981,
the lowest level in recent years. Receipts increased 21 percent to $14.6
billion, outpacing a 14-percent increase in payments to $15.9 billion
(table 1).
Receipts from foreign visitors for
travel in the United States increased
21 percent, to $12.2 billion, compared
with a 10-percent increase, to $11.5
billion, in payments by U.S. travelers
in foreign countries. For transportation to and from the United States,
U.S.-flag carriers received $2.5 billion,
a 20-percent increase, from foreign
visitors, and U.S. travelers paid $4.5
billion, a 24-percent increase, to foreign-flag carriers. Forty-five percent
of all U.S. citizens' departures were
on foreign-flag airlines; 41 percent of
all foreign visitors' arrivals were on
U.S.-flag airlines.
The continued increases in 1981 in
international travel and passenger
fares—both receipts and payments—
occurred in spite of worldwide reces-
sion and the attendant rising unemployment. Inflation slowed somewhat
in the United States, the United
Kingdom, Italy, Japan, and Israel, but
in many countries, prices increased at
about the same rate as in 1980. Air
fares increased further from the high
level of 1979-80, adding to the cost of
foreign travel. Also, the U.S. dollar
appreciated markedly against most
major currencies, in contrast to a
slight depreciation in 1980. Only some
Table 1.—International Travel and Passenger Fare Transactions
[Millions of dollars]
This article reviews expenditures of
U.S. residents traveling abroad and expenditures of foreign residents visiting
the United States. These expenditures
consist of the travel accounts and part of
the passenger fare accounts that appear
in the U.S. international transactions accounts. They do not cover U.S. carriers'
receipts for transporting foreign residents between foreign points, because
these receipts do not involve travel to
and from the United States. These receipts are included, however, in the passenger fare account in line 5 of tables 1,
2, and 10 of the quarterly presentations
of U.S. international transactions.
Travel account payments include expenditures in foreign countries by U.S.
visitors for food, lodging, entertainment,
transportation purchased abroad, and
other expenses incidental to a foreign
visit. Excluded are expenditures by U.S.
military and other Government personnel stationed abroad, by their dependents, and by U.S. citizens residing
abroad. Payments to foreign transoceanic
carriers and shipboard expenditures are
included in the passenger fare account.
Shore expenditures of cruise passengers
are included in travel payments.
Travel account receipts include expenditures in the United States by foreigners on business, pleasure, and study
trips, and by those in transit for services
similar to those indicated for payments.
Receipts of U.S. transoceanic carriers
from foreigners are included in the passenger fare account.
1977
Travel: Receipts from foreign visitors in the United States (line 4)
Passenger fares: Receipts of U S. carriers for transportation of foreign
visitors to and from the United States (part of line 5)1
1981
11,371
12,597
14,004
15,947
7,451
2748
8,475
2896
9,413
3184
10,397
3607
11,460
4487
8,421
10 118
12111
14623
6,150
7,183
8,441
10,058
12,168
1,025
1,238
1,677
2,053
2,455
2,950
2,479
1,893
1,324
3,024
1 Excludes fares paid by foreigners to U.S carriers for transportation between two foreign points
NOTE —References in parentheses are to lines in tables 1, 2, and 10 of the quarterly presentations of U S international
transactions in the March, June, September, and December issues of the SURVEY OP CURRENT BUSINESS.
Table 2.—U.S. Receipts From Foreign Visitors in the United States
[Millions of dollars]
1977
1978
1979
1980
1981
10 058
12 168
7,183
8 441
2,248
1456
951
2092
1 975
1266
2428
2 522
1614
2624
3828
2600
2,684
3,479
4374
5108
5716
1,003
1,323
1667
1942
2152
205
121
263
61
57
Italy
6,150
2,150
1316
967
Total U S travel receipts
375
180
440
84
97
469
216
500
535
235
557
96
118
51
205
308
140
333
70
84
54
72
262
40
Other
..
..
96
108
276
322
375
417
474
455
660
793
977
1 108
950
450
n.a Not available.
32
1980
7,175
Travel: Payments of U S. travelers in foreign countries (line 20)
1979
10,199
Total travel and passenger fare payments
1978
1,174
539
1,539
1,772
774
1,982
865
699
SURVEY OF CURRENT BUSINESS
June
Table 3.—Average Expenditures of Overseas
Visitors in the United States, by Area
33
Table 4.—Foreign Visitors to the United States from Overseas, by Area and Type of Visa
[Thousands]
[Dollars]
1977
1977
1978
1979
1980
595
604
605
662
708
532
533
532
576
609
478
794
645
458
854
650
439
797
686
499
836
759
545
908
809
4,509
Total
Total
Western Europe
Caribbean and
Central
South America
Other
1978
1979"
1980"
1981'
1981
of the appreciation's impact was felt
in 1981, because the effect of exchange rate changes on travel is often
a lagged one, due to the time involved
in planning an international trip.
Foreign travel in the United States
Overseas.—Travel receipts from
overseas visitors, which accounted for
47 percent of all travel receipts, toCHART 8
U.S. Travel Payments and
Receipts by Area
5,764
7,230
7,706
8,069
3530
869
1221
2449
1885
578
573
1473
750
Transit
..
South America
945
495
70
80
300
135
1040
541
74
93
332
1092
565
78
4,598
1962
588
666
1,382
745
5805
2490
720
860
1,735
925
6,312
2720
716
1033
1,843
6,534
2840
739
1065
1,890
229
102
36
22
69
15
265
120
40
25
80
20
170
79
26
17
48
241
85
28
26
102
132
15
17
16
84
11
Student
763
398
59
62
244
111
206
98
26
21
61
10
.
3135
855
995
2245
1095
3,530
1438
482
483
1,127
636
Other areas
2,483
703
773
1805
886
641
334
53
53
201
93
Caribbean and Central America
3,368
835
1,168
2335
174
21
20
23
110
15
215
30
25
30
130
184
28
19
25
112
202
40
24
32
106
98
351
15
p
Preliminary
NOTE —Data are not adjusted for multiple entries on a single trip.
Source: U.S Department of Commerce, Bureau of Economic Analysis, based on data of U.S Department of Justice,
Immigration and Naturalization Service
Billion $
Table 5.—Travel Payments of U.S. Travelers in Foreign Countries, by Area
[Millions of dollars]
1977
1978
1979
1980
1981
7,451
Mexico border area ...
8,475
9,413
10,397
11,460
1,433
1,918
1,165
1,407
2,121
1,128
1,599
2,460
1,291
1,817
2,564
1,416
2,033
2,880
1,643
4,100
2 -
South America
Other
1977
78
79
80
I) S Department of Commerce, Bureau of Economic Analysis
http://fraser.stlouisfed.org/8 2 - 5
376-761 0 Federal Reserve Bank of St. Louis
81
.
...
...
3,021
3,123
585
233
240
145
203
73
51
40
37
49
34
151
37
97
102
26
771
287
260
153
220
75
70
52
49
65
37
213
53
110
140
45
826
355
300
158
283
84
54
38
47
71
50
200
58
115
163
40
903
383
360
150
322
104
49
42
51
95
44
173
69
103
139
34
952
375
301
127
361
74
65
65
89
75
45
208
41
84
171
90
342
343
391
464
144
198
157
186
179
212
192
272
888
1,019
1,134
1,277
136
198
118
153
114
169
164
224
122
190
138
181
254
3 -
2,842
123
158
100
144
106
159
Other
3,587
2,600
790
...
6,547
3,412
146
149
...
6,016
3,185
295
Italy
5,354
2,942
2,103
Western Europe
4,947
2,398
306
288
392
383
658
149
87
92
330
811
155
113
123
420
862
142
137
153
430
1,078
185
145
234
514
1,300
214
151
343
592
191
262
118
189
157
217
192
243
127
252
-£49
214
1 Includes all European countries, Algeria, Cyprus, Egypt, Israel, Lebanon, Libya, Malta, Morocco, Syria, Tunisia, and
Turkey.
NOTE.—Includes shore expenditures of cruise travelers
34
SURVEY OF CURRENT BUSINESS
taled $5.7 billion, up 12 percent from
1980 (table 2 and chart 8). The increase was due to both higher average
expenditures, up 7 percent, and an increase in the number of visitors, up 5
percent (tables 3 and 4). A substantial
slowing in the increase in the number
of overseas visitors in 1980-81 from
the peak rates of 1978-79, reflected
sharply higher air fares, the strength
of the U.S. dollar, and recession and
attendant unemployment in the
major industrial countries.
The geographic distribution of
travel receipts from overseas remained virtually unchanged from
1980. In 1981, Europe accounted for
38 percent of travel receipts and 44
percent of visitors. The "Other areas/'
primarily the Far East, accounted for
35 percent of travel receipts and 30
percent of visitors. Of the remaining
one-quarter of receipts and visitors,
receipts from South America were 19
percent of the total and visitors from
that area were 15 percent. Receipts
from the Caribbean and Central
America were 8 percent of the total;
11 percent of foreign visitors were
from that area (chart 9).
Canada.—Travel
receipts
from
Canada accounted for 22 percent of
total travel receipts, down from 24
percent in 1980. Canadian visitors
spent $2.6 billion here, an increase of
8 percent. Average expenditures in
the United States increased 12 percent and more than compensated for
CHART 9
Overseas Travel, 1981
TRAVEL RECEIPTS
(Percentage of total)
TRAVEL PAYMENTS
(Percentage of total)
U S Department of Commerce, Bureau of Economic Analysis
FOREIGN VISITORS
(Percentage of total)
U.S. TRAVELERS
(Percentage of total)
June
the 3-percent decrease in the number
of Canadian visitors. The weakness of
the Canadian dollar against the U.S.
dollar and higher U.S. gasoline prices
discouraged Canadian travel to the
United States. Visitors returning to
Canada the same day they entered
the United States accounted for 66
percent of all Canadian travel here.
Auto travel accounted for 85 percent
of all Canadian travel.
Mexico.—Travel
receipts
from
Mexico accounted for 31 percent of all
travel receipts in 1981, up from 25
percent the previous year. Mexican
travel spending in the United States
totaled $3.8 billion, up 52 percent. Receipts in the U.S. border area were up
61 percent to $2.6 billion, and receipts
in the U.S. interior increased 35 percent to $1.2 billion.
Estimates of travel receipts from
Mexico, especially in the border area,
were strongly influenced by the anticipated devaluation of the Mexican
peso that finally occurred in early
1982. Anticipation of devaluation encouraged Mexicans to acquire U.S.
dollars for Mexican pesos; this exchange was reflected in the banking
data from which estimates for U.S.
border area travel receipts are made.
Because BEA is unable to adjust the
banking data for such exchanges,
border area receipts may be somewhat overstated. A Mexican inflation
rate nearly three times higher than
the U.S. rate also contributed to the
step-up of receipts. Estimates of travel
receipts have always included expenditures by individuals for shopping and
personal services, but the above-mentioned developments, combined with
the further integration of the U.S.
and Mexican border economies, increased this component of U.S. travel
receipts much more than in the past.
U.S. travel abroad
Overseas.—U.S. travel expenditures
overseas, which accounted for 57 percent of total U.S. travel expenditures
abroad, increased 9 percent in 1981 to
$6.5 billion (table 5). A 10-percent increase in average expenditures more
than offset a 2-percent decrease in the
number of U.S. travelers overseas
(tables 6 and 7). The U.S. recession,
unemployment, and higher air fares
discouraged U.S. travel overseas, de-
June
spite the increased value of the U.S.
dollar relative to most foreign currencies.
As a proportion of U.S. travelers
and travel expenditures overseas,
travel to Europe and the Mediterranean decreased while travel to "Other
areas," primarily the Far East, increased. Travel to Europe and the
Mediterranean accounted for 55 percent of travel expenditures overseas
and 49 percent of U.S. travelers, down
from 60 percent and 53 percent, respectively, in 1978-79. Among European countries, the United Kingdom received the largest share of U.S. travel
expenditures and travelers—27 percent and 33 percent, respectively.
France was second, receiving 11 percent and 22 percent. Germany was a
close third receiving 10 percent and
21 percent. Travel spending in "Other
areas," primarily the Far East, accounted for 20 percent of travel expenditures, up from 16 percent in
1977-79, and 13 percent of travelers,
up from 10 percent. Travel to South
America and to the Caribbean and
Central America changed little (chart
9).
Travel expenditures in Europe and
the Mediterranean increased 5 percent, due to an increase in average
expenditures; the number of U.S.
travelers was unchanged. Throughout
the area, purchasing power of U.S.
travelers was increased due to the
dollar's appreciation against local currencies, which more than compensated for the effects of inflation.
Of the countries in Europe and the
Mediterranean where U.S. travel expenditures increased, the increases in
Germany, Denmark, Sweden, Norway,
and Spain were due to increases in
both average expenditures and the
number of travelers. Increases in
Greece and Israel were mostly due to
higher numbers of travelers. In the
United Kingdom, higher average
spending more than offset the decline—for the third consecutive
year—in the number of travelers
there.
Of the countries where U.S. travel
expenditures decreased, in Italy, Switzerland, Austria, Portugal, and The
Netherlands, both average expenditures and the number of U.S. travelers decreased, and in France and Ireland a decline in the number of travelers more than offset an increase in
average expenditures.
SURVEY OF CURRENT BUSINESS
35
Travel expenditures in the Caribbean and Central America increased 13
percent. A 21-percent increase in
average expenditures more than
offset a 7-percent decrease in the
number of travelers.
Travel expenditures in South America declined 2 percent, following a
large increase in 1980. Average expenditures were up 2 percent, but the
number of travelers declined 5 percent from a high 1980 level.
Travel expenditures in "Other
areas," primarily the Far East, in(Continued on p. 72)
Table 6.—Average Expenditures of U.S. Travelers Overseas, by Area
[Dollars]
1977
Total
1978
1979
1980
1981
543
743
435
415
253
288
176
258
244
328
200
409
248
271
311
433
242
313
376
297
179
158
407
343
187
195
451
432
241
181
470
533
227
179
524
272
372
493
297
414
528
373
431
489
297
503
489
520
609
619
623
340
367
398
483
594
664
658
674
839
Israel
Other
572
431
481
284
526
Greece
Other Western Europe
511
376
418
295
320
Portugal
447
325
362
267
462
Belgium-Luxembourg
806
276
320
397
Norway
735
252
155
142
452
Denmark
867
664
264
203
214
222
Germany
726
783
375
296
336
234
United Kingdom
Italy
Switzerland
672
717
574
Western Europe
624
612
1007
1 078
1 064
1 191
262
279
912
n.a Not available.
NOTE.—Excludes shore expenditures of cruise travelers
Table 7.—U.S. Travelers Overseas
[Thousands]
1977
1978
1979
1980
1981
7,390
3,746
n.a.
1,617
943
718
535
1,580
888
749
529
1,281
863
726
502
765
426
271
213
864
419
206
136
787
420
181
135
834
306
208
173
165
363
234
524
137
379
257
443
118
395
243
368
167
330
252
397
195
296
284
219
195
278
309
167
185
239
284
159
138
167
350
n.a.
277
606
258
509
289
497
308
n.a
2,203
2,365
2,533
2,624
2,453
483
_.
3,866
1,725
882
718
572
316
489
Israel
3,914
134
303
257
122
land
3,931
147
317
240
334
T
8,040
3,934
768
359
238
180
P rtu al
8,163
4,068
1,559
786
715
620
Austria
7,835
4,105
3,663
Italy
7,790
3,920
Total
515
434
594
784
805
800
1,011
567
1,089
NOTE —Excludes cruise travelers,
n a. Not available.
Source U.S. Department of Commerce, Bureau of Economic Analysis, based on data of US Department of Justice,
Immigration and Naturalization Service
By RUSSELL C. KRUEGER
U.S. International Transactions, First Quarter 1982
THE
U.S. balance on current account shifted to a surplus of $1.2 billion in the first quarter, from a deficit
of $0.9 billion. The shift reflected a
$3.1 billion reduction in the merchandise trade deficit; a record $5.1 billion
decline in imports, largely due to the
U.S. recession and weak petroleum
demand, more than offset a decrease
in merchandise exports. (Revised estimates for 1981 and earlier years are
presented in this article. See Technical Notes.)
Net service receipts declined $0.9
billion, primarily reflecting a decline
in net direct investment income receipts, due to lower earnings and
probably the adverse impact of the
dollar's appreciation against major
foreign currencies and the Mexican
peso. Because of increases in bank
claims and liabilities associated with
the recent establishment and transacNOTE.—Obie Whichard prepared the material
on Netherlands Antilles finance affiliates.
tions, in contrast to large fourth-quarter placements in the United States.
Net foreign purchases of U.S. securities other than Treasury securities increased.
In the official capital accounts, U.S.
official reserve assets increased moderately. Foreign official assets in the
United States declined; withdrawals
of dollar assets by industrial countries
for intervention in exchange markets
were partly offset by inflows from
OPEC members.
The statistical discrepancy (errors
and omissions in reported transactions) was an inflow of $11.2 billion.
tions of International Banking Facilities (IBF's) and higher interest rates,
both receipts and payments on portfolio investment rose to record levels;
net receipts were up slightly.
In the private capital accounts, the
gross volume of bank transactions remained at high levels, as IBF's responded to the widespread demand
for bank credit, and high interest
rates and the rising exchange value of
the dollar attracted large amounts of
time deposits. There were record purchases of Eurodollar certificates of deposit (CD's) by U.S. banks for their
customers. Outflows for U.S. direct investment abroad increased slightly;
there was a large decline in inflows
for foreign direct investment in the
United States as the unusually high
equity inflows of the fourth quarter—
associated with several large acquisitions—nearly ceased. Net U.S. purchases of foreign securities declined
sharply; there were no new bond
placements by international institu-
U.S. dollar in exchange markets
The dollar appreciated 7 percent on
a trade-weighted basis against the
currencies of 10 industrial countries
and 22 OECD currencies (chart 10). In
recent quarters, the dollar exchange
rate has often followed movements in
relative U.S.-foreign short-term inter-
Table A.—Summary of U.S. Internationa] Transactions
[Millions of dollars, seasonally adjusted]
19 31
19 80
1982
Change
I
Lines in tables 1, 2, and 10 in which
transactions are included are indicated m ( )
II
III
IV
I
II
III
IV
I'
1982 I
Exports of goods and services (1) ....
Merchandise, excluding military (2)
Other goods and services (3-15)
1
2
3
342,102
224,237
117,865
372,892
236,254
136,638
85,277
54,752
30,525
82,949
55,843
27,106
85,385
55,786
29,599
88,491
57,856
30,635
93,280
60,683
32,597
94,389
60,284
34,105
92,965
57,694
35,271
92,259
57,593
34,666
90,363
55,610
34,753
Imports of goods and services (17)
Merchandise, excluding military (18)
Other goods and services (19-31)
4
5
6
-333,800
-249,575
-84,225
-361,813
-264,143
-97,670
-85,240
-64,431
-20,809
-82,643
-62,363
-20,280
-80,561
-59,735
-20,826
-85,360
-63,046
-22,314
-88,613
-64,995
-23,618
-91,480
-66,831
-24,649
-90,406
-65,539
-24,867
-91,316
-66,778
-24,538
-87,193
-61,669
-25,524
4,123
5,109
-986
U S Government grants (excluding military
grants of goods and services) (34)
Remittances, pensions, and other transfers
(35, 36)
7
-4,681
-4,504
-1,339
-807
-909
-1,626
-960
-986
-1,250
-1,308
-1,465
-157
8
-2,101
-2,104
-498
-499
-535
-569
-462
-524
-558
-562
-525
U S. assets abroad, net (increase/capital outflow (-)) (37)
U S official reserve assets, net (38).
U S Government assets, other than official
9
10
-86,026
-8,155
-109,294
-5,175
-12,916
-3,268
-24,962
502
-19,635
-1,109
-28,512
-4,279
-22,796
-4,529
-21,566
-905
-17,257
-4
-47,677
262
-38,223
-1,089
9,454
-1,351
11
12
-5,126
-72,746
-5,137
-98,982
1,438
-8,210
-1,143
-24,321
-1,390
-17,136
-1,154
-23,079
1,375
-16,892
1518
-19,143
1257
-15,996
987
-46,952
909
-36,225
78
10,727
U S private assets, net (47) .
Foreign assets in the United States, net (increases/capital inflow (+)) (56)
Foreign official assets, net (57)
Other foreign assets, net (64)
Allocations of special drawing rights (74)
Statistical discrepancy (75)
^Preliminary
36
-1,896
-1,983
87
37
13
54,484
77,921
7,865
8,616
12,647
25,356
8,470
13,464
16,880
39,107
25,828
-13,279
14
15
15,442
39,042
4,785
73,136
-7,421
15,286
7,644
972
7,541
5,106
7,678
17,677
5,361
3,109
-2,861
16,324
-5,835
22,715
8,119
30,988
-3,173
29,001
-11,292
-1,987
16
17
1,152
28,870
1,093
25,809
1,152
5,700
' 17,346
3,608
2,219
1,093
9,988
-374
9,497
11,214
'i,717
6,703
SURVEY OF CURRENT BUSINESS
June
37
Table B.—Selected Transactions With Official Agencies
[Millions of dollars]
1980
Changes in foreign official assets in the U S , net (decease
) (line 57 table 1)
1981
1982
II
I
III
IV
I
II
Change
I'
19821
rv
III
1
2
3
4
15 442
914
12769
1759
4 785
1216
13314
3687
7 421
10857
2969
467
7 644
2'936
4584
7 541
2 US
4191
7 678
6389
1025
5 361
264
2 861
6682
2786
1035
5835
8^296
2935
474
8 119
2477
2230
3412
3 173
6641
4940
1472
11 292
285
5364
288
5
8155
5175
3268
502
1109
4279
4529
905
4
262
1089
1351
6
6a
6b
3184
1773
4957
964
604
338
942
371
200
200
200
Members of OPEC2 . . .
Changes in U S. official reserve assets (increase — ) (line 38,
table 1) .
124
905
9'll8
2*710
4884
Activity under U S. official reciprocal currency arrangements with foreign monetary authorities. 3
3173
339
242
200
-242
-200
132
95
192
97
7
7a
7b
95
50
'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.
est rates, rising when the differential
widened in the third quarter of 1981
and first quarter of 1982, and declining when the differential narrowed
sharply in the fourth quarter. With a
250 basis point rebound in U.S. rates
in the first quarter, a 100 basis point
decline in average foreign rates, and a
slowing in the U.S. inflation rate that
increased real returns available on
dollar assets, the heavy flow of funds
into dollar-denominated assets continued.
The weakness of several currencies
within the European Monetary
System
(EMS)—particularly
the
French franc, Belgian franc, and Italian lira—also contributed to the
strength of the dollar. Pressures on
these currencies led foreign authorities to intervene heavily in exchange
markets, to impose a variety of capital controls, and to devalue the Bel-
1096
3512
371
-145
200
3 Consists of transactions of the Federal Reserve System and the U.S. Treasury Department's
Exchange Stabilization Fund
gian franc and Danish krone within
the EMS system. The dollar, on a
trade-weighted basis, was at its highest level since the beginning of the
generalized currency float in 1973 and
at record levels against the French
franc and Italian lira.
The dollar also appreciated strongly
against the Japanese yen despite
Japan's current-account surplus and
low inflation rate. Japanese authorities intervened in exchange markets
to limit the yen's decline, banned purchases of zero-coupon Eurodollar
bonds, and attempted to persuade institutional investors to limit purchases of foreign assets.
After an extended period of small,
administered devaluations to offset
partly Mexico's high inflation rate,
Mexican authorities permitted the
peso to float in mid-February. The
peso fell 28 percent against the U.S.
dollar immediately and an additional
12 percent by the end of February.
Merchandise trade
The merchandise trade deficit decreased to $6.1 billion in the first
quarter from $9.2 billion in the
fourth. Decreases in both petroleum
and nonpetroleum imports more than
offset a reduction in nonagricultural
exports.
Until the first quarter, export and
import trade generally accentuated
the severity of the current recession.
Export volume fell nearly 11 percent
over the past year, primarily due to
the adverse impact on nonagricultural exports of strong capital goods
price increases, appreciation of the
dollar, and the slowdown in real
growth abroad. Consequently, exports
as a percentage of domestic goods pro-
Table C.—Indexes of Foreign Currency Price of the U.S. Dollar
[1977 = 100]
1982
1981
Trade-weighted average against 22 OECD curTrade-weighted average against 10 currencies 2 . .
Selected currencies:
II
in
IV
995
93.7
106.4
1015
1119
1069
1077
101.8
1148
1085
1034
97.7
1070
102.1
1087
104.8
1138
108.7
1113
107.3
1124
755
112.9
840
1141
949
1122
926
1139
944
1122
801
1131
835
1134
883
1140
930
942
98.7
89.7
113.2
92.9
78.9
76.5
1039
1102
98.0
1282
103.1
84.8
81.8
1110
1179
1046
1373
1099
872
862
1054
1150
96.7
1352
100.5
761
835
1158
1219
101.0
1431
104.9
780
86.9
989
1040
93.1
1218
97.7
822
800
1043
1116
98.7
1289
103.8
86.0
821
1084
1150
1023
1340
1077
863
834
111 5
1178
1050
1372
1105
873
864
I
1982
1981
i
April
May
June
July
Aug.
Oct.
Nov.
Dec.
Jan
Feb
1106
104.8
1102
1033
1054
100.3
1076
101.8
1106
1050
1157
108.9
1180
1116
1152
958
1131
961
1133
947
1118
916
1116
91 6
1123
924
1143
944
1149
966
114 0
1216
1076
1406
1131
903
868
1074
1144
101 1
1341
1062
841
854
1051
1145
970
1349
1014
784
861
1044
1143
959
1345
995
743
830
1068
1162
971
1361
1007
756
814
1089
1185
98.7
1395
1024
76.8
836
1148
1223
101.8
1430
105.6
78.7
87.5
1238
1249
102.4
1468
106.6
78.6
896
Sept
March
3
European Monetary System currencies:
Italy
Switzerland
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. End-of-month rates. Index rebased by BEA.
2 Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, United Kingdom Data: Federal Reserve Board Monthly average rates. Index rebased by BEA.
3. Data: Federal Reserve Board. Monthly average rates Indexes rebased by BEA.
38
SURVEY OF CURRENT BUSINESS
duction fell at the onset of the current recession (chart 11). In contrast,
this percentage had increased at the
onset of the three previous recessions,
when relatively stable exports acted
to limit domestic production declines.
Import volume increased steadily
throughout 1981, in marked contrast
to weakening import demand in the
three previous recessions. Imports as
a percentage of U.S. gross domestic
purchases less services increased to
record levels by the end of 1981, reflecting a decline in import prices,
largely due to the dollar's appreciation. In the first quarter, however, imports fell sharply as domestic demand
slackened and business reduced inventories at a record pace.
The drop in exports and pick-up in
imports in the last half of 1981 resulted in increased net absorption of
goods from abroad during a period of
declining real GNP and inventory accumulation. However, the sharp firstquarter 1982 drop in imports reduced
the net absorption of goods from
abroad during a quarter of declining
inventories (table D).
In the first quarter, exports decreased $2.0 billion, or 4 percent, to
$55.6 billion; volume decreased 5 percent. Agricultural exports decreased
$0.1 billion, or 1 percent, to $10.5 bilTable D.—Inventory Change and Changes in
Merchandise Trade
[Billions of 1972 dollars]
Change
in
business
inventories
1979
I
II
Ill
IV
1980
I
II
Ill
IV
1981
I
II
III
IV
1982
I
Change in merchandise trade
Net
absorption 1
Exports
Imports
(2)=(4)-(3)
(3)
(4)
154
184
7.6
-.7
-3.1
4.7
-6.1
-2.4
14
-2.4
6.1
3.1
-17
2.3
0
.6
-.9
1.3
-50
-7.2
-57
-3.4
-42
74
6.5
-20
1.3
-4.5
8
-54
-29
2.9
-1.4
10.8
14.9
4.2
-2.4
42
6.2
4.6
3.4
-1.4
44
-.8
1.1
2.8
1.8
38
-3.6
-32
-6.8
(1)
-17.2
1. Minus sign indicates increase in net merchandise exports;
plus sign indicates decrease in net merchandise exports
June
lion; volume decreased 1 percent.
Large declines in feed grains, and
fruits and vegetables more than offset
a strong increase—31 percent in
volume—in wheat shipments to Eastern Europe. (Restrictions placed on
U.S. exports to the Soviet Union and
Poland in late December in response
to the Polish political situation did
not limit grain exports under existing
contracts.)
Nonagricultural exports decreased
$1.9 billion, or 6 percent, all in
volume, to $45.1 billion. Stagnant economic conditions abroad and earlier
dollar appreciation weakened exports
of most industrial supplies and materials, which included a $0.3 billion decrease in chemicals, and $0.2 billion
decreases each in iron and steel products and gold and precious metals. An
exception was a $0.6 billion increase
in petroleum products, on which
export restrictions had been lifted in
October. Capital goods decreased $0.8
billion, with most categories of machinery lower. Consumer goods ex-
CHART 10
Indexes of Foreign Currency Price of the U.S. Dollar (1977=100)
120
120
- TJMbE-WBQHTED 'AVERAGES^;! i
110
110
100
100
90
'v«e"5 ^•#'i:,rJE;;t;»:;s t't?'*,^ .--i-;^ ;/: ^tf~ ,r-f ,«
i
r
80
i,cKif,jif^sfivify^;fjy:£j :f'^,;f^t"i
¥ - ;<^.i
,^i^fefi€ftAlAJgry'tifelfe.ti' ,f, t'^i.vV...r. A\ :fc!|>J
^^;S",:>* fjr,',',«4r";ire':.r;
fe. - at-rSxtft: ,">;fr Xr'Sb;^'
i^gC^fJMiMkfifci 'S^K
f -r
i, i •
•»'^'tS\80
1979
1980
1981
1982
1 Auslralia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, llaly, Japan, the Netherlands, New Zealand, Norway, Portugal, Spam, Sweden, Switzerland, Turkey,
United Kingdom Data- J.S. Department of the Treasury End-of-month rates Index rebased by BEA
2 Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, United Kingdom Data Federal Reserve Board Monthly average rates Index rebased by BEA
_U S Department of Commerce, Bureau of Economic Analysis
1977
1978
June
ports decreased; automotive exports
increased slightly due to larger parts
shipments to Canada for assembly.
Export prices, as measured by the
Census Bureau's unit value indexes,
increased 2 percent in the first quarter, slightly faster than the rate in
the two previous quarters. Nonagricultural price increases were concentrated in capital goods, up 4 percent;
prices for other nonagricultural exports were level or slightly lower.
Prices of capital goods and automotive products, the two most capitalintensive export product groups, increased strongly over the past year—
15 percent and 14 percent, respectively, since the first quarter of 1981. In
contrast, nonagricultural industrial
supplies and materials prices were
down 1 percent over the year, and
consumer goods prices increased only
3 percent. Agricultural prices also
changed little in the first quarter, in
contrast to sharp price decreases over
the past year.
SURVEY OF CURRENT BUSINESS
imports decreased $0.1 billion; prices
increased sharply after declining for
two years. Most other categories experienced substantial decreases: nonpetroleum industrial supplies and materials decreased $0.9 billion, or 6 percent; capital goods decreased $0.5 billion, or 6 percent; automotive products decreased $0.2 billion; or 3 percent; and consumer goods decreased
$0.4 billion, or 3 percent.
Prices of nonpetroleum imports increased for all major end-use commodity categories. In contrast, throughout
• • • • • • • CHART 11
• • • • • •
Merchandise Trade: Relation to U.S.
Economy and Export and Import Prices
Percent
15
.MERCHANDISE
GOODS
14L(1972'$)
;
8
140
". U.S. Dollar Cost of
Npnpetraleum Imports,8
120
100
Index of Foreign Currency
..- Cost/of U.S. Dollar',''• .
80
1979
1981, prices in all categories, except
automotive products, declined as the
global recession deepened and the
dollar rose in exchange markets.
By area, the trade deficit decreased
with OPEC members and other developing countries. About two-thirds of
the decrease was accounted for by a
smaller deficit with OPEC members
(the lowest since the second quarter of
1976)—petroleum imports decreased
and exports increased. The deficit
with other developing countries decreased, primarily due to higher exports of nonagricultural goods to nonOPEC developing countries in Asia
and Africa, and to larger grain shipments to Eastern Europe. The deficit
with industrial countries increased;
U.S. exports decreased more rapidly
than U.S. imports.
Service transactions
Imports decreased $5.1 billion, or 8 13 percent, to $61.7 billion; volume decreased 11 percent. Petroleum and 12
products imports decreased $2.4 billion, or 13 percent, to $15.7 billion.
Volume, measured in barrels per day, 11 fell 13 percent to 5.33 million from
6.12 million in the fourth quarter. 10 The decrease was due to conservation
and the recession-induced drop in
demand; petroleum inventories fell
9—
only slightly during the quarter.
About one-fifth of the decrease was
due to lower imports for the strategic Index
petroleum reserve. The average price 180 • USvAND FMiGN PURCHASERS' COST OF NONPETROLEUM
per barrel was down 1 percent to
IMPORTS Aft^NONAGRICULTURAL EXPORTS '•:">" $32.17, following declines of 6 and 2
percent in the third and fourth quar- 160
';-, ,"• ..Foreign 'Currency' Cost •,•
,„, ,of NonagriculturatExports- .
ters, respectively.
Nonpetroleum imports decreased
$2.7 billion, or 5 percent, to $46.0 billion; volume decreased 9 percent, reflecting the U.S. recession and attendant inventory liquidation during the
quarter. Foods, feeds, and beverages
decreased sharply, down $0.6 billion,
or 13 percent, to their lowest level in
4 years. Sugar imports decreased by
two-thirds, or $0.4 billion, all in
volume. Sugar imports were exceptionally high in the fourth quarter in
anticipation of possible import restrictions or duties. A sharp drop in exports of refined sugar from a record
level in 1981 also reduced refinery
demand for raw sugar imports. Coffee
39
1980
1981
1982
1 Shaded areas represent recessions
2 Nonagricultural exports unit value index multiplied by index of foreign
currency cost of U S dollar
3 Nonpetroleum imports unit value index
4. Trade-weighted index for 10 industrial countries Quarterly average
Data Federal Reserve Board
U.S Department of Commerce, Bureau of Economic Analysis
seen
Net service receipts decreased $0.9
billion in the first quarter to $9.2 billion. Receipts increased $0.1 billion to
$34.8 billion; payments were $25.5 billion, up $1.0 billion.
Receipts of income on U.S. direct
investment abroad decreased $2.0 billion to $6.0 billion, the lowest level
since the second quarter of 1978, continuing the decline of the past 2
years. The first-quarter decrease reflected weak economic conditions
abroad and some net adverse effects
of the dollar's appreciation on income
of foreign affiliates: both factors were
particularly evident in Western
Europe. In Latin America, a decline
was probably in part due to the large
decline in value of the Mexican peso.
Capital losses due to currency fluctuations were considerably smaller than
in the fourth quarter; gains of petroleum affiliates partly offset losses of
nonpetroleum affiliates. Also, the decrease in income receipts in the past
two quarters partly reflected increased net interest payments to foreign finance affiliates, particularly in
the Netherlands Antilles. (See the box
on Netherlands Antilles finance affiliates.)
Payments of income on foreign
direct investment in the United
States decreased $0.3 billion to $1.6
billion, reflecting a drop in earnings,
primarily of heavy manufacturing
companies, financial institutions, and
trading companies. Payments of pe-
SURVEY OF CURRENT BUSINESS
40
troleum affiliates remained strong.
Payments decreased to European and
Japanese companies, partly offset by
increased payments to Canada.
Receipts of income on other private
investment were a record $14.1 billion, up $1.3 billion, due to a large increase in U.S. bank claims over the
past two quarters and a sharp rise in
interest rates. A large increase in
U.S. bank liabilities and the rise in
interest rates increased private payments to a record $8.1 billion, up $1.2
billion. U.S. Government receipts increased $0.2 billion to $1.1 billion;
payments increased $0.2 billion to
$4.5 billion.
Net travel receipts decreased $0.3
billion, to $0.1 billion. Travel payments increased 10 percent to $3.2 billion, as U.S. overseas travelers took
advantage of the rising exchange
value of the dollar. Both the number
of overseas travelers and average expenditures rose. The number who
traveled to Canada to purchase gasoline declined along with the drop in
U.S. gasoline prices, but those who
went stayed longer and spent more,
resulting in an increase in payments.
Travel receipts were $3.2 billion,
down $0.1 billion. Receipts from
Mexico in the border area were up
slightly in the first half of the quarter, but fell considerably after the
June
large decline in value of the peso. A
decline in receipts from Canada
partly reflected unusually severe U.S.
winter weather.
Passenger fare receipts, at $0.8 billion, were slightly higher than in the
fourth quarter; the recovery reflected
an increase in average fares and a
shift in passengers from foreign flag
to U.S. flag lines. Passenger fare payments increased 14 percent to $1.3 billion, reflecting an increase in U.S.
passengers traveling abroad and large
fare increases.
Other transportation receipts were
$3.0 billion, down $0.1 billion, due to
a decrease in ocean port receipts on
lower merchandise trade volume. Payments were down substantially, $0.4
billion, to $2.5 billion, as both air and
ocean port expenditures decreased
with the drop in trade volume.
Transfers under military sales contracts increased $0.7 billion to $3.1
billion. Deliveries of ships, aircraft,
missiles, and vehicles to the Middle
East were especially strong. Direct defense expenditures abroad were unchanged at $2.9 billion.
Unilateral transfers, excluding military grants, increased $0.1 billion to
$2.0 billion. A $0.2 billion increase in
U.S. Government grants, reflecting an
increase in grants by the Agency for
International Development and in
grants to Israel to finance military
purchases, was partly offset by a $0.1
billion decrease in other Government
transfers. Private remittances were
strong, reflecting increased institutional donations to Israel.
Table E.—U.S. Bank-Reported Transactions and Establishment of IBF's, First Quarter 1982
[Billions of dollars]
Bank transactions
IBF establishment
January
(1)
U.S claims reported by U S. banks (increase—)
(table 1 lines 54 55)
Banks' claims on own account, dollars
U.S. liabilities reported by U S. banks (increase-t-)
(table 1 lines 68 72 73
Banks' liabilities on own account, dollars
Custody liabilities (dollars) and foreign currency.. .
Foreign official assets in the United States, net
U.S. liabilities reported by U.S banks, dollars
(table 1 line 62)
Shift
from
foreignl
offices
(2)
(3)
-34.7
-259
-18.0
-7.9
-82
-6
-24.9
-164
-10.8
-5.6
-82
-.3
26.6
16.2
80
8.2
-1.2
1.1
32
IBF
position
Mar 31,
1982
(5)
(6)
(7)
32
-1.4
-14
95
7.2
2.3
(*)
.3
17
.2
15
C)
2
156
60
9.6
.2
.7
61.3
21.6
39.7
«
12
881
35.0
531
2
2.4
100
79
21
.5
C)
8
1
.7
(*)
(*)
18.5
51
13.4
.5
(*)
43.1
190
241
.7
(*)
72.4
32.1
403
1.7
C)
(*)
(')
1.3
33
4.6
* Less than $50 million.
1 Estimate is predominantly existing foreign assets/liabilities transferred to IBF's.
2. Predominantly new business of IBF's
IBF
position
Dec 31,
1981
161
26.2
159
10.3
-7
1.1
Shift
from
domestic
offices
IBF
transactions
February,
March 2
(4)
Total
Excluding
January
IBF
shift
from
foreign
offices
U.S. assets abroad
U.S. official reserve assets increased
$1.1 billion in the first quarter, primarily due to a step-up in acquisitions
of special drawing rights and an increase in the U.S. reserve position
with the International Monetary
Fund.
U.S. claims on foreigners reported
by U.S. banks increased $34.7 billion,
compared with a $42.6 billion increase. IBF's accounted for $25.1 billion of the first-quarter increase; most
of the balance was accounted for by
an increase in bank custody claims.
New foreign lending by U.S. parent
banks was small.
Shifts of assets and liabilities from
foreign offices in January are presumed to reflect primarily the final
stages of IBF establishment. These
shifts were smaller in the first quarter than in the fourth—$9.5 billion in
assets were shifted, compared with
$25.2 billion; $10.0 billion in liabilities
were shifted, compared with $28.5 billion (column 3, table E). U.S.-owned
banks accounted for most of the shift
in January, shifting $7.2 billion in
assets and $7.9 billion in liabilities
from abroad; transfers from their domestic offices to IBF's were small.
Legal uncertainty about whether
earnings on assets transferred from
domestic offices remained subject to
New York State taxation may partly
explain this pattern.
IBF-reported transactions in February and March are presumed to reflect primarily new business of IBF's
(column 5, table E). The increase in
claims, $15.6 billion, and liabilities,
$18.5 billion, is a large proportion of
the increase in total claims, $34.7 billion, and liabilities, $26.6 billion, reported by all banks and IBF's in
column 1 of table E.
U.S. bank purchases of high-yield
foreign financial instruments, primarily Eurodollar CD's issued by foreign
branches of U.S. banks held for accounts of money market mutual
funds, were mainly responsible for a
record increase in bank custody
claims.
June
Net U.S. purchases of foreign securities were $0.4 billion, down from
$2.8 billion. There were virtually no
new non-Canadian foreign issues in
the United States, in contrast to
heavy fourth-quarter issues, particularly by the World Bank. Canadian
new issues remained at a high level,
but below that of the fourth quarter,
as Canadian borrowers sought longterm funds in the United States to
supplement heavy placements in the
Eurobond market. U.S. sales of outstanding foreign bonds were $0.7 billion, up from $0.4 billion. Net U.S.
sales of foreign stocks were $0.2 billion, primarily those of Canadian petroleum and natural resource companies.
U.S. direct investment abroad increased $0.1 billion to $1.1 billion.
There were net inflows in equity and
intercompany accounts for the third
consecutive quarter, but the pace of
inflows slackened. There was a shift
to net outflows for petroleum affiliates, probably related to the declining
value of petroleum transactions with
affiliates in Africa and Asia; such a
decline would have permitted net repayment of debt owed to these affiliates. Partly offsetting were inflows
from refining and marketing affiliates
in Western Europe, which may have
paid down their trade liabilities to
U.S. parents. For nonpetroleum affiliates, a few large financial transactions dominated, resulting in a small
net inflow. Several large payments to
affiliates in the United Kingdom,
which resulted in a shift to outflows,
were more than offset by inflows from
Eurodollar borrowings channelled
through Netherlands Antilles finance
affiliates. (These inflows are net of
any repayments or equity outflows
from U.S. parents—see the box on
Netherlands Antilles finance affiliates.) Much Eurodollar borrowing by
affiliates in the first quarter was in
the form of zero-coupon bonds sold at
a large discount from face value, on
which no actual interest payments
will be made while the bonds are outstanding. Because there are substantial tax advantages to both borrowers
and lenders—borrowers can deduct
imputed interest payments for tax
purposes while lenders in many circumstances can treat interest income
as capital gains—these bonds were
sold at a cost (yield) below that of
SURVEY OF CURRENT BUSINESS
41
coupon bonds. Sales to Japan were
heavy until early March, when Japanese authorities, concerned about capital outflows and domestic tax implications, banned further purchases;
the ban discouraged further zerocoupon bond placements. Finally,
there was a large inflow reflecting
transactions associated with the sale
of Canadian mining subsidiaries of a
U.S. company. (There was an offsetting outflow to a French company,
which acquired the U.S. company, in
the foreign direct investment in the
United States account.) Reinvested
earnings of incorporated affiliates decreased $1.7 billion to $1.6 billion, due
to lower earnings in all major industries.
Foreign assets in the United States
Foreign official assets in the United
States decreased $3.2 billion, following an $8.1 billion increase in the
fourth quarter. A large decrease in
assets of industrial countries reflected
intervention to support weaker currencies (the French franc, Belgian
franc, and Italian lira) within the
EMS system as the dollar's appreciation resumed. Large inflows from
OPEC members continued. Assets of
other developing countries shifted to
moderate outflows from large inflows
in the fourth quarter, which were
partly explained by shifts by Latin
American countries to IBF's.
(Text continued on p. 71)
Netherlands Antilles Finance Affiliates
Table F shows selected direct investment transactions with Netherlands Antilles finance
affiliates that have been established primarily to borrow funds abroad and relend them to
their U.S. parents. These affiliates make it possible for U.S. parents to raise funds in Eurobond markets without having the associated interest payments subjected to U.S withholding
tax. A treaty between the United States and the Netherlands Antilles exempts payments to
the Netherlands Antilles from a U.S. withholding tax on interest payments to foreigners.
Although the United States has tax treaties with several other countries that provide a similar exemption, or a reduced withholding rate, the Netherlands Antilles is often selected as
a location because it has no withholding tax applicable to interest payments to third countries and because most taxes on affiliates are structured to generate equal and offsetting
U.S. tax credits for parents.
In order to realize these tax advantages, borrowing must occur through a bona fide foreign business entity that U.S. tax authorities recognize as the issuer of the bonds, although
the bonds may be guaranteed by the U.S. parent. To create such an entity, affiliates are
incorporated in the Netherlands Antilles and capitalized in accordance with generally accepted guidelines. In table F, outflows shown under "equity"—$1.2 billion in 1981—largely
represent equity contributions by U.S. parents to provide affiliates with necessary capitalization. Inflows shown under "intercompany accounts"—$4.9 billion in 1981—largely represent the relending to U.S. parents of funds affiliates have raised by issuing Eurobonds. (Outflows representing repayments are netted against these inflows.) Combined equity and intercompany account inflows from these affiliates were $3.6 billion in 1981 and $1.3 billion in
the first quarter of 1982.
Income from Netherlands Antilles finance affiliates is generally negative and consists
largely of interest payments by parents to these affiliates; these payments are passed on to
unaffiliated foreigner lenders. Partly offsetting is the U.S. parents' share in the affiliates'
after-tax net income, which the affiliates earn by investing the parents' equity contributions
and by charging the parents a higher rate on loans than is charged to them (the affiliates)
by the purchasers of their bonds. In 1981, income from these affiliates was a negative $0.8
billion, consisting of net interest payments of $1.2 billion partly offset by the U.S. parents'
share in the affiliates' after-tax net income of $0.4 billion.
Table F.—Selected Direct Investment Transactions With Netherlands Antilles Finance Affiliates
[Millions of dollars]
1981
I
Equity and intercompany accounts .
.. .
II
1982
III
IV
Intercompany accounts
1,348
423
1,771
2,710
818
3,528
3,647
1238
4,885
380
431
811
409
107
516
1,409
249
1,658
1,450
451
1,901
Of which interest
96
-178
127
-329
800
-1,188
99
-175
235
-302
199
-294
267
-417
I
1,279
n a.
n.a.
n a. Not available
NOTE —Table shows only transactions with affiliates established primarily to borrow funds abroad and relend them to their
U.S parents.
42
SURVEY OF CURRENT BUSINESS
June
Table 1.—U.S. Interna
[Millions of
(Credit +; debits -)1
Line
1960
1961
1962
1963
1964
1965
1966
1967
1968
1
Travel .
Receipts of income on U.S assets abroad:
Interest, dividends, and earnings of unincorporated affiliates
28,861
29,937
31303
34,214
38,826
41,087
44,562
47,314
52,363
2
3
4
5
6
7
8
9
10
19,650
335
919
175
1,607
590
247
570
153
20,108
402
947
183
1,620
662
244
607
164
20,781
656
957
191
1,764
800
256
585
195
22,272
657
1,015
205
1,898
890
273
613
236
25,501
747
1,207
241
2,076
1,013
301
651
265
26,461
830
1,380
271
2,175
1,199
335
714
285
29,310
829
1,590
317
2,333
1,162
353
814
326
30,666
1,152
1,646
371
2,426
1,354
393
951
336
33,626
1,392
1,775
411
2,548
1,430
437
1,024
353
11
12
13
14
15
3,621
2,355
1,266
646
349
3,823
2,768
1,055
793
383
4,241
3,044
1,197
904
473
4,636
3,129
1,507
1,022
499
5,106
3,674
1,432
1,256
462
5,506
3,963
1,543
1,421
510
5,260
3,467
1,793
1,669
599
5,603
3,847
1,756
1,781
636
6,591
4,151
2,440
2,021
756
16
Gold
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concernsU S. claims reported by U.S. banks, not included elsewhere-
Other '
US Treasury securities
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns
U.S liabilities reported by U S banks, not included elsewhere:
Short-term10
Memoranda:
Transactions in U.S. official reserve assets and in foreign official assets in the United
States:
See footnotes on page 61
1,537
1,562
1,340
1,636
1,892
2,039
2,547
-23,591
-14,537
-2,998
-1,785
-506
-1,437
-43
-46
-588
-406
-25,778
-16,260
-3,105
-1,939
-567
-1,558
-57
-44
-528
-398
-27,047
-17,048
-2,961
-2,114
-612
-1,701
-61
-51
-493
-447
-29,222
-18,700
-2,880
-2,211
-642
-1,817
-67
-60
-527
-535
-32,801
-21,510
-2,952
-2,438
-717
-1,951
-68
-67
-461
-550
-38,599
-25,493
-3,764
-2,657
-753
-2,161
-64
-76
-506
-644
-41,606
-26,866
-4,378
-3,207
-829
-2,157
-62
-104
-565
-691
-48,800
-32,991
-4,535
-3,030
-885
-2,367
-80
-106
-668
-760
27
28
29
30
31
-394
-220
-174
-511
-332
-432
-194
-238
-535
-278
-399
-185
-214
-586
-339
-459
-223
-236
-701
-401
-529
-202
-327
-802
-453
-657
-299
-358
-942
-489
-711
-372
-339
-1,221
-549
-821
-381
-440
-1,328
-598
-876
-388
-488
-1,800
-702
32
33
34
35
36
37
38
39
40
41
42
-1,695
-2,308
-1,672
-214
-423
-4,099
2,145
1,703
-1,465
-2,524
-1,855
-235
-434
-5,538
607
857
-1,537
-2,638
-1,916
-245
-477
-4,174
1,535
890
-1,562
-2,754
- 1,917
-262
-575
-7,270
378
461
-1,340
-2,781
-1,888
-279
-614
-9,560
171
125
-1,636
-2,854
-1,808
-369
-677
-5,716
1,225
1,665
-1,892
-2,932
-1,910
-367
-655
-7,321
570
571
-2,039
-8,125
-1,805
-441
-879
-9,757
53
1,170
-2,547
-2,952
-1,709
-407
-836
-10,977
-870
1,173
626
19
29
-112
266
-220
-94
-346
537
-538
-94
-1,023
-870
-1,173
-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
5235
-2,653
-1,598
-1,055
-762
4623
-2,851
-1,654
-1,197
-969
-5,986
-3,483
-1,976
-1,507
-1,105
-8,050
-3,760
-2,328
-1,432
-677
-5,336
-5,011
-3,468
-1,543
-759
-6,347
-5,418
-3,625
-1,793
-720
-7,386
-4,805
-3,049
-1,756
-1,308
-7,833
-5,295
-2,855
-2,440
-1,569
52
53
-40
-354
-127
-431
-132
-222
162
-5
-485
-623
-88
429
-112
-330
-281
-498
-220
-982
54
55
-153
-995
-136
-1,125
-126
-324
-775
-781
-981
-1,524
-232
325
317
-84
235
-730
338
-105
56
Payments of income on foreign assets in the United States
1,465
-23,729
-14,758
-3,087
-1,750
-513
-1,402
-35
-40
-593
-313
47
48
49
50
51
Travel
1,695
17
18
19
20
21
22
23
24
25
26
43
44
45
46
Merchandise, adjusted, excluding military
3
2,294
2,705
1,911
3,217
3,643
742
3,661
7,379
9,928
57
58
59
60
61
62
63
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
64
65
66
67
68
69
821
315
141
174
-364
282
1,939
311
73
238
151
324
641
346
132
214
-66
134
1,231
231
-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
70
71
1
-91
50
176
3
-112
13
-23
-38
113
29
149
180
296
85
499
715
759
72
73
74
75
6
672
-5
933
5
331
53
845
88
1,730
241
262
188
2,694
158
1,607
72
3,799
1,019
989
-1,124
-360
-907
-458
629
-205
438
76
77
78
79
4,892
5,132
4,496
2,824
5,571
6,346
5,677
3,822
4,521
6,025
5,303
3,387
5,224
7,167
6,331
4,414
6,801
9,604
8,711
6,823
4,951
8,285
7,239
5,432
3,817
5,963
4,941
3,031
3,800
5,708
4,388
2,583
635
3,563
2,320
611
80
81
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
442
-135
-115
43
SURVEY OF CURRENT BUSINESS
June
tional Transactions
dollars]
1969
1970
1971
1973
1972
1974
1975
1977
1976
1979
1978
1980
1981
Line
57,522
65,674
68,838
77,495
110,241
146,666
155,729
171,630
184,337
220,137
286,772
342,102
372,892
1
36,414
1,528
2,043
450
2,652
1,533
486
1,160
343
42,469
1,501
2,331
544
3,125
1,758
573
1,294
332
43,319
1,926
2,534
615
3,299
1,927
618
1,546
347
49,381
1,364
2,817
699
3,579
2,115
655
1,764
357
71,410
2,559
3,412
975
4,465
2,513
712
1,985
401
98,306
3,379
4,032
1,104
5,697
3,070
751
2,321
419
107,088
4,049
4,697
1,039
5,840
3,543
757
2,920
446
114,745
5,454
5,742
1,229
6,747
3,531
822
3,584
489
120,816
7,351
6,150
1,366
7,264
3,883
923
3,848
557
142,054
7,973
7,183
1,603
8,399
4,705
1,059
4,296
620
184,473
6,549
8,441
2,156
10,028
4,980
1,100
4,396
520
224,237
8,306
10,058
2,582
11,497
5,780
1,185
5,412
362
236,254
9,747
12,168
2,991
12,168
5,867
1,386
5,940
426
2
3
4
5
6
7
8
9
10
7,649
4,819
2,830
2,338
925
8,169
4,992
3,177
2,671
907
9,160
5,983
3,177
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
19,673
13,277
6,396
10,881
1,625
25,458
11,343
14,944
1,843
38,183
19,219
18,965
23,654
2,292
37,150
20,133
17,017
32,987
2,549
31,873
18,894
12,978
50,407
3,665
11
12
2,610
2,713
3,546
4,492
2,810
1,818
2,207
373
203
236
465
631
602
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
'* -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
-193,788
-229,880
-175,813
-7,352
-8,475
-2,896
-8,939
-393
-214
-2,573
-1,545
-281,677
-211,819
-8,584
-9,413
-3,184
-10,457
-523
-241
-2,824
-1,718
-333,800
-249,575
-10,777
-10,397
-3,607
-11,073
-514
-247
-3,065
-1,769
-361,813
-264,143
-11,288
-11,460
-4,487
-11,611
-429
-264
-3,294
-1,930
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
-5,841
-5,542
-4,211
-1,628
-2,583
-8,795
-8,674
-6,357
-2,402
-3,955
-15,481
-11076
-9,470
-3,303
-6,167
-20,794
-12,512
-7,808
-3,708
-4,099
-28,352
-16,748
27
28
29
30
31
-2,610
-2,994
-2,713
-3,294
-1,736
-462
-1,096
-3,546
-3,701
-4,492
-3,854
-2,173
-2,810
-3,881
-1,938
-693
-1,250
-1,818
-7,186
-5,475
-694
-1,017
-2,894
-813
-906
-3,146
-934
-917
-236
-5,030
-2,043
-542
-1,117
-465
-5,561
-3,550
-1,180
-832
-631
-6,783
-4,681
-1,303
-798
-602
-6,608
-4,504
-1,459
32
33
34
35
36
-12,475
2,349
866
—249
1,350
382
-14,497
-4
547
—703
153
-1
-22,874
158
-34,745
-1,467
-39,703
-51,269
-109,294
-1,034
822
-9,337
2,481
787
-851
389
2,156
9
-33
182
-1,265
-30
-ire
-66
-466
-317
37
38
39
40
41
42
-2,200
-3,489
1,200
89
-1,589
-3,293
1,721
-16
-1,884
-4,181
2,115
182
-1,568
-3,819
2,086
165
-2,644
-4,638
2,596
-602
366
-5,001
4,826
13
541
-8,206
-5,960
-3,130
-2,830
-1,549
-10,229
-7,590
-4,413
-3,177
-1,076
-12,940
-7,618
-4,441
-3,177
-1,113
-12,925
-7,747
-3,214
-4,532
-618
-20,388
-11,353
-3,195
-8,158
-671
-424
298
-586
-10
-168
-1,061
-243
-811
297
-867
155
-1,122
-612
-2,368
-1,649
-406
-939
-11,585
-1,179
—967
-572
-1,109
13
13
-2,207
-4,613
-373
-4,998
-151,689
-5,823
-7,451
-2,748
-7,874
-243
-196
-2,190
-1,358
14,115
-203
-4,617
-2,787
-971
-859
-3,176
-1,086
-768
-645
13
14
15
-61,130
732
-64,344
-86,026
-78
-2,212
-268
-34,785
-375
-118
— 121
-294
158
—65
1,249
4,231
-4,683
-1,133
-65
— 1,136
-189
257
— 16
-1,667
-6,472
-5,175
(')
-1,824
-2,491
-861
-3,474
-5,941
2,475
-9
-4,214
-6943
2,596
133
-3,693
-6,445
2,719
33
-4,660
-7,470
2,941
-131
-3,743
-7,676
3,908
25
-5,126
-9,854
4,459
269
-5,137
-9,710
4,370
204
43
44
45
46
-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
-30,717
-11,890
-5,494
-6,396
-5,460
-57,202
-16,056
-4,713
-11,343
-3,626
-59,469
-25,222
-6,258
-18,965
-4,726
-72,746
-19,238
-2,221
-17,017
-3,524
-98,982
-8,691
4,287
-12,978
-5,429
47
48
49
50
51
-396
-1,987
-474
-2,747
-366
-991
-42
-2,254
-1,841
"-331
(52
{53
-1,307
-2,199
-933
-5,047
-1,183
-18,333
-2,357
-11,175
-2,362
-19,006
-751
-10,676
-84,531
54
|55
13
13
-849
-2,558
-53 1
-3,800 j
-99
15
-33,667
» -3,307
15
-26,213
-8,155
14
15
-3,146
-46,838
15
12,702
6,359
22,970
21,461
18,388
34,241
15,670
36,518
51,319
64,036
38,460
54,484
77,921
56
-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
-8
-510
819
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
573
4,627
969
2,205
36,816
32,538
30,230
2,308
1,400
773
2,105
33,678
24,221
23,555
666
2,476
5,551
1,430
-13,697
-21,972
-22,435
463
-73
7,213
1,135
15,442
11,895
9,708
2,187
561
-159
3,145
4,785
4,983
1,289
-69
-4,083
2,665
57
58
59
60
61
62
63
14,002
1,263
832
431
-68
3,130
-550
1,464
1,030
434
81
2,189
-3,909
367
-175
542
-24
2,289
10,986
949
380
569
-39
4,507
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
14,503
30,358
52,157
39,042
73,136
701
91
1,112
902
384
-15
594
221
298
737
-90
1,934
406
-87
-1,000
422
-347
1,433
160
8,726
-250
-6,661
717
149
4,605
710
227
4,475
9
16,008
-280
908
231
10,759
373
6,346
-1,516
23
-6,321
867
-219
-9,779
-1,879
-2,654
-1,620
5,753
10,367
607
3,393
2,048
399
2,603
5,625
4,067
2,331
-2,260
2,269
610
-1,433
-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
-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
3,728
2,142
1,586
534
2,437
7,897
5,313
2,583
18
2,178
2,254
6,272
64
65
66
67
68
69
11,877
7,921
3,955
"4,960
1,351
13,666
7,500
6,167
"2,645
5,457
21,301
17,201
4,099
"2,932
7,109
"1,362
"6,530
"532
I 70
(7!
16,141
32,607
1,139
10,743
1,152
41,262
1093
-2,465
11,866
25,212
28,870
25,809
72
1 73
74
75
-9,306
9,382
7,531
4,384
-30,873
-9,451
-11,281
-14,068
-33,759
-9,743
-11,597
-14,773
-27,346
5,095
3,083
-466
-25,338
8,303
6,202
1,520
-27,889
11,079
8,975
4,471
76
77
78
79
-2,558
13,066
-375
35,416
732
31,202
-1,133
-13,624
-8,155
14,881
-5,175
4,854
80
81
-190 1
2,079 ]
SURVEY OF CURRENT BUSINESS
44
June
Table 1.—U.S. International
[Millions of
1976
(Credits +; debits -)1
I
II
1977
III
IV
I
III
II
IV
1
43,470
41,964
45,597
44,360
48,104
45,166
46,707
2
3
4
5
6
7
8
9
10
27,301
1,237
1,320
228
1,581
841
195
824
125
29,419
1,152
1,482
300
1,670
888
201
876
122
27,433
1,424
1,748
428
1,751
857
209
924
118
30,592
1,641
1,192
273
1,744
945
217
961
124
29,417
1,789
1,417
247
1,676
852
221
948
136
32,092
1,842
1,575
348
1,920
947
226
958
134
28,993
1,839
1,787
456
1,913
970
234
958
153
30,314
1,882
1,371
315
1,756
1,114
243
984
134
11
12
13
14
15
Receipts of income on U.S. assets abroad
40,599
4,587
2,824
1,763
2,075
286
4,888
2,383
2,505
2,151
321
4,368
2,377
1,991
2,376
328
5,157
3,719
1,438
2,354
397
4,853
3,045
1,808
2,479
327
5,070
3,346
1,725
2,547
444
4,682
3,091
1,591
2,791
390
5,068
3,796
1,273
3,063
464
16
U.S. liabilities reported by U S. banks, not included elsewhere:
Short-term 10
.
Memoranda:
Transactions in U.S. official reserve assets and in foreign official assets in the United States:
See footnotes on page 61
-50,046
-39,219
-1,511
-1,545
-550
-1,967
-74
-50
-566
-359
-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
-577
-238
-339
-1,256
-1,189
-727
-362
-365
-1,364
-1,271
-726
-278
-448
-1,508
-1,393
-803
-370
-434
-1,713
-1,689
-50
-1,002
-541
-227
-233
-87
-1,086
-642
-230
-214
-152
-1,889
-1,424
-238
-227
-83
-1,021
-539
-239
-243
39
-1,091
-632
-240
-219
53
-1,279
-811
-232
-236
-31
-1,238
-777
-254
-208
79
-1,009
-567
-246
-196
-1Z,6«7
-777
-12,045
-1,580
-10,418
-408
-16,109
207
-12,339
-24
-6,258
112
-45
-237
-495
14
-798
-796
-1,437
-420
58
-18
-716
326
-29
-461
697
"-389"
27
-83
-80
139
-9
133
-12
-14,751
-43
-60
-29
42
4
942
-1,551
661
-52
-949
-1,884
785
150
-1,284
-1,860
558
17
1 039
-1^649
592
18
1 124
-1,772
580
68
-820
-1,453
731
-98
1 047
-1,746
656
43
703
-1,475
752
20
47
48
49
50
51
-10,948
-4,033
-2,270
-1,763
-2,467
-9,516
-2,327
178
-2,505
-1,405
-8,756
-3,301
-1,311
-1,991
-2,751
-15,277
-2,288
-850
-1,438
-2,262
107
-2,057
-250
-1,808
-749
-11,495
-4.005
-2,280
-1,725
-1,784
-5,323
-2,677
-1,086
-1,591
-2,177
-14,006
-3,152
-1,879
-1,273
-749
52
53
-191
-556
135
-1,134
-23
639
37
-1,203
7
-778
50
-1,174
201
1,109
-357
-998
-289
-3,412
-377
-4,409
-978
-2,342
-718
-8,843
-306
3,990
18
-4,600
-447
-1,332
-16
-8,734
7,470
7,953
8,820
12,276
2,862
14,180
14,276
20,001
3,699
2,066
1,998
68
1,376
-412
669
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
5,554
5,403
5,305
98
626
-725
250
7,888
5,763
5,153
610
391
752
982
8,257
7,551
6,924
627
367
-163
502
15,117
13,821
12,848
973
16
909
371
64
65
66
67
68
69
U S. liabilities to unaffiliated foreigners reported by U.S nonbanking concerns:
79
-49,122
-37,755
-1,483
-2,500
-755
-2,039
-49
-49
-545
-320
57
58
59
60
61
62
63
Other '
31
-48,871
-38,228
-1,462
-2,019
-841
-1,987
-52
-48
-540
-332
56
U.S. claims reported by U.S. banks, not included elsewhere
53
-45,750
-36,487
-1,367
-1,387
-602
-1,881
-69
-48
-539
-348
54
55
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns:
39
-43,032
-33,609
-1,282
-1,438
-534
-1,817
-64
-48
-549
-300
43
44
45
46
Equity and intercompany accounts
83
-42,504
-31,937
-1,237
-2,391
-723
-1,826
-58
-47
-523
-432
37
38
39
40
41
42
Gold
152
-39,895
-30,368
-1,219
-1,765
-752
-1,661
-85
-47
-483
-246
32
33
34
35
36
Payments of income on foreign assets in the United States.
87
-36,817
-28,137
-1,157
-1,262
-559
-1,549
-87
-47
-452
-249
27
28
29
30
31
Travel.
50
17
18
19
20
21
22
23
24
25
26
3,771
1,472
930
541
437
1,036
3,914
1,086
661
425
-591
134
5,862
999
549
450
3,025
64
5,279
790
547
243
-88
51
-2,693
980
641
339
981
749
6,292
965
600
365
-1,399
589
6,019
1,023
575
448
1,251
337
4,885
760
327
434
-299
763
70
71
-231
385
-145
-86
-247
63
-377
60
-89
-9
-157
55
55
713
-156
674
72
73
74
75
-105
777
-16
3,532
75
1,883
277
4,567
42
-5,346
104
6,136
194
2,446
33
3,110
2,417
1,603
4,057
2,289
1,056
205
-2,823
76
77
78
79
-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
-7,070
-1,389
-1,848
-2,480
-6,136
-767
-1,235
-2,046
-8,762
-3,956
-4,418
-5,195
-8,905
-3,338
-3,780
-4,347
80
81
-777
2,323
-1,580
3,351
-408
1,320
207
6,072
-420
4,928
-24
7,497
112
7,890
-43
15,101
"
-903
June
SURVEY OF CURRENT BUSINESS
45
Transactions—Continued
dollars]
197 9
1 «8
I
III
55,473
53,641
36,732
1,934
1,885
364
2,064
1,112
267
1,077
167
34,539
1,894
2,113
533
2,185
1,134
269
1,079
172
69,859
71,422
80,995
45,138
1,701
2,214
524
2,450
1,183
272
1,084
151
44,959
1,590
2,368
704
2,631
1,218
276
1,092
176
52,682
1,376
1,935
515
2,634
1,468
282
1,164
71
8,044
3,884
4,160
5,180
488
9,294
4,445
4,849
5,338
512
9,879
4,914
4,965
5,963
565
10,967
5,976
4,991
7,174
727
11,775
5,801
5,974
8,054
502
29
40,097
2,050
1,561
402
2,183
1,405
268
1,084
148
5,869
3,200
2,669
3,250
382
5,978
3,809
2,170
3,375
519
5,532
2,972
2,560
3,797
394
8,079
4,134
3,945
4,523
548
76
49
62
49
-53,220 -57,488 -58,963
-41,819 -44,062 -44,137
-1,680 -1,752 -1,874
-1,523 -2,176 -2,994
-640
-882
-798
-2,072 -2,159 -2,385
-100
-92
-98
-52
-53
-54
-612
-631
-655
-364
-380
-350
-60,209
-45,795
-2,045
-1,782
-576
-2,323
-104
-56
-676
-450
Line
rv
64,497
62,346
30,686
2,094
1,624
305
1,968
1,054
2B5
1,056
133
1982
1981
m
41,694
1,882
1,924
413
2,313
1,112
271
1,056
122
IV
48,676
19 80
H
49
88
300
143
151
125
211
192
214
132
64
93
16
-73,032 -78,092 -84,970
-54,052 -59,742 -64,910
-2,171
-2,355 -2,628
-3,187 -1,943 -2,026
-889
-651
-740
-2,753 -2,661 -2,808
-119
-153
-119
-61
-62
-63
-704
-734
-768
-406
-596
-415
-83,559
-62,824
-2,512
-2,680
-1,099
-2,809
-100
-62
-779
-426
-81,057
-59,132
-2,727
-3,526
-1,042
-2,724
-85
-62
-784
-492
-84,214
-62,709
-2,911
-2,165
-726
-2,732
-211
-62
-734
-446
-88,365
-65,584
-2,702
-2,369
-1,014
-2,804
-146
-64
-819
-458
-92,658
-67,489
-2,998
-2,946
-1,365
-3,004
-49
-65
-813
-490
-90,580
-64,568
-2,680
-3,832
-1,218
-3,009
-125
-67
-818
-398
-90,210
-66,502
-2,908
-2,313
-890
-2,795
-109
-68
-844
-583
-673
8,8
-62,173
-2,868
-2.482
-1,130
-2,431
-93
-70
-865
-463
17
18
19
20
21
22
23
24
25
26
I
II
-61,976 -68,577
-46,671 -51,354
-2,028 -2,029
-1,708 -2,575
-669
-975
-2,439 -2,605
-125
-126
-58
-60
-688
-698
-350
-357
I
II
III
IV
85,091
84,756
62,485
89,770
54,501
1,697
2,340
503
2,804
1,278
289
1,264
84
57,389
1,998
2,559
633
286
,8
1,421
295
1,333
77
53,505
2,441
2,921
884
2,908
1,404
299
1,377
125
58,842
2,169
2,238
562
2,899
1,678
301
1,438
75
7,502
3,513
3,989
8,130
534
8,645
4,951
3,694
7,325
651
9,228
5,868
3,360
9,477
863
8,530
4,419
4,112
11,441
834
I
II
III
IV
I"
92,801
96,129
90,523
93,439
89,593
1
60,294
2,215
2,709
582
2,984
1,360
325
1,445
82
61,836
2,411
2,985
782
3,032
1,459
340
1,465
99
55,502
2,741
3,697
996
3,108
1,420
354
1,489
150
58,622
2,380
2,777
631
3,044
1,629
368
1,541
95
55,046
3,081
3,080
638
2,966
1,329
383
1,623
82
2
3
4
5
6
7
8
9
10
8,435
4,952
3,482
12,501
785
6,466
4,203
2,263
13,602
998
8,442
5,321
3,121
12,863
1,048
6,211
4,119
2,092
14,119
1,036
11
12
13
14
15
-630
-324
-306
-1,785
-1,943
-1,262
-431
-831
-1,965
-2,074
-1,261
-465
-796
-2,211
-2,147
-1,058
-408
-650
-2,834
-2,509
-1,423
-566
-858
-3,067
-2,750
-1,623
-568
-1,056
-3,464
-2,711
-1,769
-621
-1,148
-3,991
-2,740
-1,542
-648
-894
-4,959
-2,875
-1,939
-656
-1,283
-5,513
-3,053
-2,144
-1,093
-1,051
-5,187
-2,937
-3,318
-827
-2,491
-4,175
-2,992
-2,069
-728
-1,342
-5,919
-3,530
-1,789
-850
-939
-6,667
-3,949
-2,079
-899
-1,180
-7,121
-4,241
-2,004
-884
-1,120
-7,589
-4,272
-1,936
-1,076
-860
-6,975
-4,287
-1,595
-888
-707
-8,146
-4,467
27
28
29
30
31
-76
-1,185
-770
-254
-161
-49
-1,303
-831
-270
-202
-62
-1,219
-776
-276
-167
-49
-1,324
-800
-287
-238
-29
-1,278
-854
-265
-159
-49
-1,362
-911
-281
-171
-88
-1,364
-881
-304
-179
-300
-1,557
-904
-330
-323
-143
-1,816
-1,339
-311
-165
-151
-1,294
-807
-314
-174
-125
-1,417
-909
-339
-168
-211
-2,256
-1,626
-339
-291
-192
-1,399
-960
-336
-103
-214
-1,496
-986
-334
-177
-132
-1,777
-1,250
-395
-133
-64
-1,936
-1,308
-395
-233
-93
-1,966
-1,465
-316
-186
33
34
35
-15,399
187
-5,775
248
-9,455
115
-8,735 -15,921
-3,585
322
-25,600
2,779
-19,021
-1,109
-28,269
-4,279
-16,816
-4
-47,423
262
-38,760
-1,089
-43
195
-37
112
-99
489
261
-294
-554
1285
-1,240
-4,324
-23,417
-4,529
(*)
— 1441
-707
-2,381
-21,638
-905
-104
437
-85
-14,089 -13,665
-649
-3,268
65
1152
27
^34
-52
-2,082
2,831
-611
-25,071
502
-16
324
-121
-30,501
182
65
1412
3,275
-4,440
-23
-780
-102
—225
-647
868
— 134
754
400
-547
-142
37
38
39
40
41
42
-1,071
-1,671
643
-43
-1,199
-1,998
787
12
- 1,431
-2,161
708
22
-959
-1,640
804
-122
-863
-2,071
1,195
14
-1,526
-2,615
918
171
-1,115
-2,366
1,187
65
-1,402
-2,585
1,176
7
-1,084
-2,288
1,178
27
-1,466
-2,596
947
183
-1,492
-2,374
1,071
-189
-1,266
-2,428
1,107
54
-912
-2,313
1,244
157
-1,002
-1,860
900
-42
43
44
45
46
-14,515
-4,889
-2,220
-2,669
-1,115
-4,824
-3,947
-1,777
-2,170
-1,094
-8,139
-2,468
92
-2,560
-510
-29,724
-4,753
-808
-3,945
-907
-27,577 -12,577
-6,675 -5,213
-1,710
-222
-4,965 -4,991
-2,331
-995
-8,871
-5,753
221
-5,974
-777
-24,457
-2,906
1,083
-3,989
-1,377
-16,510
-3,542
152
-3,694
-933
-22,907
-7,037
-3,677
-3,360
-437
-17,422
-2,182
1,930
-4,112
-458
-19,242
-5,203
-1,721
-3,482
-1,511
-15,546
-529
1,734
-2,263
-618
-46,773
-777
2,344
-3,121
-2,843
-36,669
-1,576
515
-2,092
-408
47
48
49
50
51
-63
-2,178
78
237
61
-90
-129
-1,769
"16 "-1,138
"-10
"-405
"-2,403
"-3,148
"2,470
"855
"-508
na
52
53
-311
-5,959
IS
-98 "-5,132 '5- 22, 167
— 1 142
-86
-2,357
6
-78
394
-1,161
-1,891
776
-47
-918
-1,906
972
17
-3,989 -15,326
-5,918 -7,417
-1,758 -2,567
-4,160 -4,849
-908
-492
"-3,088
l
s
-5,926
"504
-802
-1,808
965
41
"-739
15
- 7,921 "-17,833
1
5
-6,385
15
- 1,203
I
S
-20,165 "-12,440
15
- 13,030
1
5
-11,634
IS
- 14,998
1S
- 15,254
-358
ls
- 42,645
32
36
- 34,685
54
55
1S
18,183
851
16,882
28,120
6,856
24,433
4,843
7,865
8,616
12,647
25,356
8,470
13,464
16,880
39,107
25,828
56
15,448
13,021
12,904
117
553
1,456
418
-5,113
-5,598
-5,809
211
-94
-64
643
4,903
3,556
3,093
463
323
919
105
18,440
13,242
13,367
-125
1,694
3,240
264
-8,676 -9,781
-8,837 -12,766
-8,832 -12,860
-5
94
347
-10
-51
2,436
222
202
6,020
5,359
5,026
333
323
172
166
-1,260
-5,728
-5,769
41
-733
4,656
545
-7,421
-4,556
-5,357
801
-27
-3,198
360
7,644
4,610
4,360
250
506
1,676
851
7,541
4,343
3,794
549
-90
1,823
1,465
7,678
7,498
6,911
587
172
-460
469
5,361
7,696
7,242
454
-55
-3,109
-2,861
-1,527
-2,063
536
48
-2,028
647
-5,835
-4,090
-4,635
545
-337
-2,382
974
8,119
4,193
4,439
-246
275
3,436
215
-3,173
-1,643
-1,347
-296
-305
-1,441
216
57
58
59
60
61
62
63
2,735
1,355
1,050
306
881
396
5,964
2,313
1,482
831
793
1,082
11,979
2,620
1,824
796
-1,068
296
9,681
1,608
958
650
"1,572
480
11,004
1,563
696
858
"2,564
409
16,637
3,353
2,298
1,056
-57
524
18,413
3,382
2,234
1,148
1,502
166
6,103
3,588
2,694
894
"951
252
16,286
2,734
1,451
1,283
"3,300
2,435
972
4,685
3,634
1,051
-1,271
496
5,106
3,011
520
2,491
-278
263
17,677
3,236
1,895
1,342
894
2,263
3,109
2,946
2,007
939
1,390
2,419
16,324
4,540
3,360
1,180
750
3,533
22,715
4,478
3,358
1,120
"46
-4
761
30,988
9,336
8,475
860
"1,238
396
29,001
1,037
331
707
1,124
1,363
64
65
66
67
68
69
-26
533
-71
375
25
887
-118
284
"-296
"799
"210
"649
"217
"1,572
"1,194
"3,547
"147
"-162
",0
106
"457
n.a.
70
71
250
-654
1,472
9,219
5,854
12,018
13,153
663
916
7,737
16,916
20,476
25,477
-887
1,567
9,146
4,142
7,900
16,551
6,362
-386
-3,793
1,093
10,817
7,663
8,242
6,599
1,152
6,343
-4,509
2,945
6,773
1,139
4,025
6,200
1,770
7,023
12,089
72
73
74
75
-11,133
-4,544
-4,959
-5,729
-7,330
-2,015
-2,487
-3,318
-9,598
-5,322
-5,765
-6,540
-5,698
2,138
1,614
814
-4,977
2,521
2,096
1,243
-6,216
1,282
831
-80
-9,093
-1,610
-,9
204
-2,975
-7,060 -10,409
2,903
121
2,250
-356
1,346 -1,695
-5,435
1,198
710
-97
-5,627
1,429
921
12
-3,867
5,556
4,926
3,300
-5,290
4,436
3,997
3,037
-5,653
3,471
2,961
1,975
-9,066
-57
-584
-1,834
-7,880
3,229
2,601
1,293
-7,127
2,810
2,308
844
76
77
78
79
187
14,895
248
-5,019
115
4,580
182
16,746
-3,585
322
-8,666 -10,128
2,779
5,697
-3,268
-7,394
502
7,137
-1,109
7,631
-4,279
7,507
-4,529
5,416
-905
-2,908
_4
-5,498
262
7,844
-1,089
-2,868
80
81
2,328
-649
-527
829
46
SURVEY OF CURRENT BUSINESS
June
Table 2.—U.S. International Traru
[Millions of
1977
1976
I
ra
II
rv
I
in
II
IV
i
42,200
43,644
44,674
44,925
46,654
47,019
45,741
2
3
4
5
6
7
8
9
10
27,575
1,198
1,324
276
1,678
888
195
824
123
28,256
1,150
1,443
308
1,597
882
201
876
116
29,056
1,495
1,518
325
1,681
887
209
924
120
29,858
1,611
1,457
320
1,791
874
217
961
130
29,668
1,789
1,437
300
1,801
903
221
948
144
30,852
1,842
1,521
355
1,829
943
226
958
129
30,752
1,839
1,553
349
1,836
1,017
234
958
144
29,544
1,882
1,639
362
1,798
1,020
243
984
140
11
12
13
14
15
Receipts of income on U S assets abroad:
41,112
4,590
2,937
1,653
2,109
332
4,800
2,605
2,195
2,221
350
4,779
2,763
2,016
2,297
353
4,830
2,998
1,832
2,328
297
4,827
3,197
1,630
2,491
396
4,959
3,456
1,503
2,628
412
5,180
3,504
1,676
2,725
432
4,707
3,120
1,587
3,037
385
16
'+ P«
'
U S. liabilities to unaffiliated foreigners reported by U.S nonbanking concerns:
U S liabilities reported by U S. banks, not included elsewhereShort-term 10
Memoranda:
79
-48,479
-37,952
-1,483
-1,830
-673
-1,956
-49
-49
-545
-330
-50,475
-39,197
-1,511
-1,910
-709
-1,991
-74
-50
-566
-359
27
28
29
30
31
-874
-333
-541
-1,441
-1,090
-726
-301
-425
-1,495
-1,111
-754
-304
-450
-1,392
-1,147
-756
-513
-243
-1,353
-1,172
-577
—238
-339
-1,322
-1,200
-727
-362
-365
-1,386
1,285
-726
-278
-448
-1,487
-1,399
-804
-370
-434
-1,646
-1,658
-50
-1,024
-548
-227
-249
-87
-1,000
-556
-230
-214
-152
-1,934
-1,475
-238
-221
-83
-1,039
-567
-239
-233
-39
-1,103
-632
-240
-231
-53
-1,272
-811
-232
-229
-31
-1,238
—Til
-254
-207
-79
-1,005
-567
-246
-192
-12,364
-777
-11,701
-1,580
-10,618
-408
-16,588
207
-1,198
-420
58
-12,182
-24
-6,297
112
14
-798
-796
-18
-716
326
-29
-461
697
'" -389
27
-83
-80
139
-9
133
-12
-15,109
-43
-60
-29
42
4
-749
-1,416
719
-52
-914
-1,779
715
150
-1,428
-2,060
615
17
-1,124
-1,689
547
18
-1,062
-1,772
642
68
-885
-1,453
666
-98
-1,001
-1,746
702
43
-746
-1,475
709
20
-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
284
-1,880
-250
-1,630
-749
-11,273
-3,783
-2,280
-1,503
-1,784
-5,408
-2,762
-1,086
-1,676
-2,177
-14,320
-3,466
-1,879
-1,587
-749
52
53
-191
-556
135
-1,134
-23
639
37
-1,203
7
-778
50
-1,174
201
1,109
-357
-998
54
55
-289
-3,412
-377
-4,409
-978
-2,342
-718
-8,843
-306
3,990
18
-4,600
-447
-1,332
-16
-8,734
7,470
7,953
8,820
12,276
2,862
14,180
14,276
20,001
57
58
59
60
61
62
63
3,699
2,066
1,998
68
1,376
-412
669
4,039
2,481
2,165
316
688
181
689
2,958
1,321
1,261
66
1,638
-531
524
6,997
4,018
3,895
123
925
1,731
323
5,554
5,403
5,305
98
626
-725
250
7,888
5,763
5,153
610
391
752
982
8,257
7,551
6,924
627
367
-163
502
15,117
13,821
12,848
973
16
909
371
3,771
1,472
930
541
437
1,036
3,914
1,086
661
425
-591
134
5,862
999
549
450
3,025
64
5,279
790
547
243
-88
51
-2,693
980
641
339
981
749
6,292
965
600
365
-1,399
589
6,019
1,023
575
448
1,251
337
4,885
760
327
434
-299
763
70
71
-231
385
-145
-86
-247
63
-377
60
-89
_9
-157
55
55
713
-156
674
72
73
74
75
75a
-105
777
-16
3,532
75
1,883
277
4,567
42
-5,346
104
6,136
194
2,446
33
3,110
2,314
-103
2,073
470
1,858
-2,199
4,124
1,835
975
-81
994
789
-5,281
-2,458
845
1,748
76
77
78
79
-565
3,605
3,129
2,581
-1,878
2,675
2,231
1,675
-3,111
1,874
1,415
-60
-3,752
1,226
754
187
-6,864
-1,536
-2,007
-2,639
-7,156
-1,721
-2,182
-2,993
-7,200
-1,460
-1,921
-2,698
-9,653
-4,734
-5,172
-5,739
80
81
V fwr
31
-48,375
-38,008
-1,462
-1,879
-690
-1,967
-52
-48
-540
-331
64
65
66
67
68
69
j T ^ P"
53
-46,461
-36,532
- 1,367
-1,832
-676
-1,960
-69
-48
-539
-339
56
rV
39
-43,448
-33,610
-1,282
-1,801
-676
-1,837
-64
-48
-549
-300
47
48
49
50
51
U S. claims reported by U S. banks, not included elsewhere.
83
-41,770
-32,167
-1,237
-1,715
-645
-1,754
-58
-47
-523
-331
43
44
45
46
U.S claims on unaffihated foreigners reported by U S nonbanking concerns'
152
-39,525
-30,134
-1,219
-1,658
-613
-1,646
-85
-47
-483
-308
37
38
39
40
41
42
Gold
87
-37,507
-28,140
-1,157
-1,682
-634
-1,615
-87
-47
-452
-288
32
33
34
35
36
Payments of income on foreign assets in the United States
50
17
18
19
20
21
22
23
24
25
26
-777
2,323
-1,580
3,351
-408
1,320
207
6,072
-420
4,928
-24
7,497
112
7,890
-43
15,101
"45"
-237
-495
Transactions in U.S, official reserve assets and in foreign official assets in the United States:
See footnotes on page 61.
June
SURVEY OF CURRENT BUSINESS
47
sactions—Seasonally Adjusted
dollars]
\y 9
1978
I
IV
-630
-324
-306
-1,785
-1,957
-1,262
-431
-831
-1,965
-2,099
-1,261
-465
-796
-2,211
-2,158
-1,058
-408
-650
-2,834
-2,460
-76
-49
-1,296
-831
-270
-195
-5,606
248
-62
-1,232
-776
-276
-180
-9,703
115
-121
— 104
437
-85
—43
195
-37
-49
-1,313
-800
-287
-226
-30,601
182
—65
1412
3,275
-4,440
-1,009
-1,671
705
-43
-1,257
-1,998
729
12
-1,394
-2,161
745
22
-999
-1,640
763
-122
-14,397
-4,771
-2,220
-2,551
-1,115
-4,597
-3,720
-1,777
-1,943
-1,094
-8,424
-2,753
92
-2,845
-510
-29,784
-4,812
-808
-4,004
-907
-63
-2,178
78
237
61
-90
-770
-254
-167
-15,219
187
—16
324
-311
-5,959
-62,808 -68,089
-46,766 -51,117
-2,028 -2,029
-2,230 -2,377
-760
-794
-,7
2 4 8 -2,612
-125
-126
-58
-60
-688
-698
-421
-442
-1,424
-566
-858
-3,067
-2,763
-29
-49
-1,290 -1,366
-854
-911
-265
-281
-174
-171
-8,212 -15,777
-3,585
322
— 1142
-86
-2,357
6
-78
394
-1,092
-1,891
846
-47
-970
-1,906
919
17
-3,535 -15,129
-,6
5 4 5 -7,220
-1,758 -2,567
-3,707 -4,653
-908
-492
-129 1
-1,769 j "-3,088
"-98 "-5,132 "-22,167
-1,624
-568
-1,056
-3,464
-2,746
'"504
8,215
4,633
3,582
11,441
872
8,231
4,848
3,383
12,501
910
7,450
4,737
2,713
13,602
996
7,977
4,677
3,300
12,863
887
5,960
4,313
1,647
14,119
1,109
11
64
93
16
-91,316
-66,778
-2,908
-2,881
-1,130
-2,882
-109
-68
-844
-518
-87,193
-61,669
-2,868
-3,156
-1,283
-2,478
-93
-70
-865
-503
17
18
19
20
21
22
23
24
25
26
-1,936
-1,076
-860
-6,975
-4,287
-1,595
-888
-707
-8,146
-4,467
27
28
29
30
31
-132
-1,808
-1,250
-395
-163
-17,257
-4
-64
-1,870
-1,308
-395
-167
-47,677
262
-93
-1,990
-1,465
-316
-209
-38,223
-1,089
— 23
-780
-102
—225
-647
868
— 134
-358
754
—400
-547
-142
40
41
42
-1,375
-2,596
1,038
183
-1,518
-2,374
1,045
-189
-1,257
-2,428
1,117
54
-987
-2,313
1,169
157
-909
-1,860
993
-42
43
44
45
46
-16,892
-1,652
1,930
-3,582
-458
-19,143
-5,104
-1,721
-3,383
-1,511
-15,996
-979
1,734
-2,713
-618
-46,952
-956
2,344
-3,300
-2,843
-36,225
-1,132
515
-1,647
-408
47
48
49
50
na
(52
(53
- 13,030 "-11,634 "-14,998 "-15,254 "-42,645 "-34,685
I 54
(55
151
125
211
192
214
132
-82,643
-62,863
-2,512
-2,481
-891
-2,765
-100
-62
-779
-422
-80,561
-59,735
-2,727
-2,611
-951
-2,632
-85
-62
-784
-489
-85,360
-63,046
-2,911
-2,702
-925
-2,814
-211
-62
-734
-436
-88,613
-64,995
-2,702
-3,025
-1,147
-2,859
-146
-64
-819
-451
-91,480
-66,831
-2,998
-2,725
-1,102
-2,959
-49
-65
-813
-497
-90,406
-65,539
-2,680
-2,829
-1,108
-2,911
-125
-67
-818
-464
-1,939
-656
-1,283
-5,513
-3,053
-2,144
-1,093
-1,051
-5,187
-2,937
-3,318
-827
-2,491
-4,175
-2,992
-2,070
-728
-1,342
-5,919
-3,530
-1,789
-850
-939
-6,667
-3,949
-2,079
-899
-1,180
-7,121
-4,241
-2,004
-884
-1,120
-7,589
-4,272
-88
-300
-143
-1,393
-1,513 -1,837
-881
-904 -1,339
-311
-304
-330
-208
-279
-187
-26,069 -14,285 -12,916
-3,268
2,779
-649
-65
— 1152
27
-34
-52
2,831
-611
-2,082
-151
-1,306
-807
-314
-185
-24,962
502
-125
-1,444
-909
-339
-196
-19,635
-1,109
-211
-2,195
-1,626
-339
-230
-28,512
-4,279
-214
-1,510
-986
-334
-190
-21,566
-905
112
-99
489
—261
-294
-554
1285
-1,240
-4,324
-192
-1,422
-960
—336
-126
-22,796
-4,529
(*)
— 1441
-707
-2,381
-902
-2,071
1,155
14
-1,438
-2,615
1,006
171
-1,143
-2,366
1,158
65
-1,390
-2,585
1,188
7
-1,154
-2,288
1,107
27
-28,069 -12,734
-7,166 -5,370
-222
-1,710
-5,456 -5,148
-2,331
-995
-8,210
-5,092
221
-5,313
-777
-24,321
-2,769
1,083
-3,852
-1,377
-17,136
-4,168
152
-4,320
-933
-23,079
-7,209
-3,677
-3,532
-437
88
49
-60,642
-45,715
-2,045
-2,208
-725
-2,359
-104
-56
-676
-402
8,694
5,162
3,532
9,477
706
143
49
62
2
3
4
300
29
49
1
55,610
3,081
3,217
772
2,972
1,425
383
1,623
92
-72,064 -78,718 -85,240
-54,210 -59,726 -64,431
-2,171
-2,355 -2,628
-2,381 -2,425 -2,603
-802
-828
-840
-2,652 -2,715 -2,862
-119
-153
-119
-61
-62
-63
-734
-768
-704
-422
-451
-404
10,882
5,426
5,456
5,963
600
76
90,363
57,593
2,380
3,260
734
3,102
1,444
368
1,541
110
9,855
5,535
4,320
7,325
668
9,063
4,410
4,653
5,338
528
-54,133 -5«,821 -58,285
-42,063 -43,699 -44,336
-1,680 -1,752 -1,874
-,0
2 0 8 -2,028 -2,231
-710
-730
-731
-2,137 -2,147 -2,296
-100
-92
-98
-52
-53
-54
-655
-612
-631
-383
-381
-378
92,259
57,694
2,741
3,229
763
3,056
1,465
354
1,489
126
7,250
3,398
3,852
8,130
636
7,742
4,035
3,707
5,180
551
7,469
3,465
4,004
4,523
473
92,965
60,284
2,411
2,841
786
3,020
1,502
340
1,465
98
11,351
6,038
5,313
8,054
539
51,367
1,376
2,264
587
2,750
1,328
282
1,164
84
6,231
3,386
2,845
3,797
437
94,389
60,683
2,215
2,838
708
2,990
1,456
325
1,445
92
10,496
5,348
5,148
7,174
614
79,486
47,236
1,590
2,058
540
2,543
1,265
276
1,092
156
5,841
3,898
1,943
3,375
488
93,280
57,856
2,169
2,661
652
2,954
1,495
301
1,438
88
55,786
2,441
2,542
679
2,859
1,453
299
1,377
101
74,201
43,834
1,701
2,075
532
2,372
1,216
272
1,084
152
5,917
3,366
2,551
3,250
445
88,491
85,385
55,843
1,998
2,413
638
2,870
1,465
295
1,333
78
68,167
36,811
1,894
1,839
407
2,070
1,174
269
1,079
159
I"
82,949
64,921
42,036
1,882
2,044
497
2,363
1,171
271
1,056
128
56,167
35,392
1,934
1,788
367
1,980
1,113
267
1,077
163
rv
54,752
1,697
2,442
613
2,814
1,367
289
1,264
95
60,818
38,904
2,050
1,883
462
2,258
1,288
268
1,084
156
53,785
-1,769
-621
-1,148
-3,991
-2,753
-779
-1,808
988
41
"-739
I
-1,542
-648
-894
-4,959
-2,814
"16 "-1,138
" , 2 "- 7,921 "-17,833 "-6,385
596
"-10
"405
13
-1,203 "-20,165 "-12,440
Line
III
85,277
IV
30,947
2,094
1,673
367
2,091
1,130
255
1,056
142
1982
n
rv
III
49,3«7
1981
I
III
II
III
-1,191
IS 80
II
I
II
'2- 2,403
"-3,148
"2,470
"855
"-508
ls
5
6
7
8
9
10
12
13
14
15
32
33
34
35
36
37
38
39
51
18,183
851
16,882
28,120
686
,5
24,433
4,843
7,865
8,616
12,647
25,356
8,470
13,464
16,880
39,107
25,828
56
15,448
13,021
12,904
117
553
1,456
418
-5,113
-5,598
-5,809
211
-94
-64
643
4,903
3,556
3,093
463
323
919
105
18,440
13,242
13,367
-125
1,694
3,240
264
-8,676
-9,781
-8,837 -12,766
-8,832 -12,860
-5
94
-10
347
-51
2,436
222
202
6,020
5,359
5,026
333
323
172
166
-1,260
-5,728
-5,769
41
-733
4,656
545
-7,421
-4,556
-5,357
801
-27
-3,198
360
7,644
4,610
4,360
250
506
1,676
851
7,541
4,343
3,794
549
-90
1,823
1,465
7,678
7,498
6,911
587
172
-460
469
5,361
7,696
7,242
454
-55
-3,109
829
-2,861
-1,527
-2,063
536
48
-2,028
647
-5,835
-4,090
-4,635
545
-337
-2,382
974
8,119
4,193
4,439
-246
275
3,436
215
-3,173
-1,643
-1,347
-296
-305
-1,441
216
57
58
59
60
61
62
63
2,735
1,355
1,050
306
881
396
5,964
2,313
1,482
831
793
1,082
11,979
2,620
1,824
796
-1,068
296
9,681
1,608
958
650
"1,572
480
11,004
1,553
696
858
"2,564
409
16,637
3,353
2,298
1,056
-57
524
18,413
3,382
2,234
1,148
1,502
166
6,103
3,588
2,694
894
"951
252
15,286
2,734
1,451
1,283
"3,300
2,435
972
4,685
3,634
1,051
-1,271
496
5,106
3,011
520
2,491
-278
263
17,677
3,236
1,895
1,342
894
2,263
3,109
2,946
2,007
939
1,390
2,419
16,324
4,540
3,360
1,180
750
3,533
22,715
4,478
3,358
1,120
"-446
761
30,988
9,336
8,475
860
"1,238
396
29,001
1,087
331
707
1,124
1,363
64
65
66
67
68
69
-26
533
-71
375
25
887
"210
"649
"217
"1,572
"3,547
"147
"-162
"1,006
"-457
n.a
250 1
-654 J 1 4 2
j ,7
-US 1
284 ]
5,854
2,328
'"-296
2,992
47
9,087
845
-3,829
-2,942
3,618
2,051
6,773
1,139
3,922
-103
-11,116
-4,766
-5,187
-5,957
-8,307
-3,036
-3,501
-4,332
-7,525
-2,118
-2,574
-3,350
-6,811
176
-337
-1,137
-4,730
2,113
1,677
823
187
14,895
248
-5,019
115
4,580
182
16,746
9,219
12
799
12,018
I 70
12
1,194
(n
-4,509
916
7,737
16,916
20,476
25,477
17,346
795
3,608
-2,754
2,219
2,605
-3,793
1,093
9,988
-829
7,663
10,187
2,287
6,599
1,152
5,700
-643
6,703
503
-374
-2,144
9,497
2,474
11,214
-875
J 72
73
74
75
75a
-6,974
2,137
1,625
744
-8,359
768
159
-745
-9,679
37
-461
-1,800
-6,520
306
-193
-1,000
-3,949
4,824
4,289
3,380
-5,190
3,131
2,562
936
-4,312
4,667
4,205
3,245
-6,547
2,909
2,385
1,399
-7,845
2,559
2,001
751
-9,185
943
381
-927
-6,059
3,170
2,645
1,180
76
77
78
79
2,779
5,697
-649
-527
-3,268
-7,394
502
7,137
-1,109
7,631
-4,279
7,507
-4,529
5,416
-905
-2,908
-4
-5,498
262
7,844
-1,089
-2,868
81
13,153
10,208
1,062
892
-3,250
-7,283
78
-377
-1,288
322
-3,585
-8,666 -10,128
663
80
48
SURVEY OF CURRENT BUSINESS
June
Table 3.—U.S. M
[Millions
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1
43,600
49,252
70,938
98,042
107,651
115,229
121,231
143,682
181,860
220,626
233,677
2
3
4
5
82
80
85
94
92
86
275
556
331
608
404
1,158
557
1,250
601
1,148
659
1,546
92
14
691
2,027
102
36
756
2,118
109
159
899
4,662
156
317
1,043
5,103
229
1,285
1,151
4,271
839
1 753
116
2 620
'216
-2,976
201
-3,285
46
-4,720
80
-3,229
13
-3,317
309
4 921
'562
Line
Balance of payments adjustments to Census trade data:
A
EXPORTS
Merchandise exports, Census basis 1 including reexports and excludAdjuBtmentB:
Inland U S freight to Canada
U S.-Canadian reconciliation adjustments, n.e.c., net2
Merchandise exports transferred under U.S. military agency sales
6
7
8
1 191
-3
-51
-1,278
103
9
43,319
49,381
71,410
98,306
107,088
114,745
120,816
142,054
184,473
224,237
236,254
10
46,170
56,364
70,473
102,576
98,509
123,478
150,390
174,757
209,458
244,871
261,305
11
12
19
-463
9
-528
156
-206
359
174
83
-206
608
-65
1,286
-226
844
-347
1,407
403
2,772
459
1,816
13
14
15
-185
38
-189
141
-310
385
-361
901
-293
-52
-297
327
-239
478
-162
721
-225
776
-394
1,867
-307
1,329
Equals: Merchandise imports, adjusted to balance of payments basis,
excluding "military" (table 1, line 18)
16
45,579
55,797
70,499
103,649
98,041
124,051
151,689
175,813
211,819
249,575
264,143
Merchandise trade, by area, adjusted to balance of payments basis,
excluding military: T
B
Equals: Merchandise exports, adjusted to balance of payments basis,
excluding "military" (table 1, line 2)
IMPORTS
Merchandise imports, Census basis 1 (general imports) ..
AdjustmentsU S.-Canadian reconciliation adjustments, n.e.c., net 2
Merchandise imports of U.S military agencies identified in Census
Of which quarterly seasonal adjustment discrepancy5
EXPORTS
1
71,410
98,306
107,088
114,745
120,816
142,054
184,473
224,237
236,254
14,950
2,405
8,008
2,539
3,176
2,742
8,589
2,716
3,619
21,216
16,708
3,760
12,377
3,723
4,508
28,164
21,744
4,706
16,491
4,687
6,420
29,884
22,854
4,881
17,358
5,052
7,030
31,883
24,917
5,101
19,090
5,404
6,966
34,094
26,493
6,835
19,533
5,850
7,601
39,546
31,778
7,277
23,378
7,204
7,768
54,177
42,474
10,686
30,363
8,694
11,703
67,603
53,466
12,818
38,955
11,449
14,137
65,090
51,351
12,419
36,330
10,531
13,739
420
10,927
6,462
1,622
900
13,109
7,227
1,985
2,047
16,710
9,961
2,962
1,737
21,842
15,820
4,860
3,249
23,537
17,108
5,166
4,123
26,336
16,871
5,011
2,895
28,533
17,921
4,834
3,893
31,229
22,033
6,689
5,913
38,690
28,555
9,931
4,143
41,626
38,845
15,231
4,461
45,250
42,804
18,207
4,053
1,693
6,175
4,963
1,542
6,690
8,356
2,247
10,873
10,724
3,757
16,262
9,567
3,508
20,235
10,196
3,920
21,416
10,566
3,777
23,030
12,960
4,213
28,180
17,629
5,434
34,075
20,806
7,117
44,097
21,796
8,998
47,855
15
16
17
30,262
2,127
10,510
34,564
2,551
11,366
48,529
3,414
17,420
64,487
6,219
25,863
66,496
9,956
27,387
72,335
11,561
26,726
76,970
12,877
28,074
87,948
14,846
35,367
115,930
14,537
48,093
137,152
17,364
65,578
141,134
21,093
69,543
18
45,579
55,797
70,499
103,649
98,041
124,051
151,689
175,813
211,819
249,575
264,143
19
20
21
22
23
24
12,813
15,661
2,477
7,600
3,680
2,736
2,946
9,126
4,308
3,589
19,774
15,816
3,527
11,619
5,591
3,958
24,267
19,244
4,123
14,398
6,302
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
29,058
6,475
21,574
9,970
7,560
41,826
33,228
8,009
24,187
10,953
8,598
47,255
36,097
9,848
25,112
11,692
11,158
52,873
41,424
12,746
26,985
11,389
11,449
25
26
27
28
225
12,214
6,116
1,262
363
14,493
7,066
1,632
601
17,694
9,644
2,306
977
22,392
18,658
3,391
734
21,710
16,177
3,059
875
26,475
17,208
3,599
1,127
29,645
21,164
4,694
1,508
33,552
23,041
6,094
1,896
39,020
30,535
8,801
1,444
42,697
37,525
12,584
1,552
47,316
39,099
13,767
29
30
31
Canada3
49,381
13,589
12
13
14
Western Europe, excluding EC (9) 7
43,319
2
g
4
5
6
7
8
9
10
11
Total all countries (A-9)
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
2,792
50,170
24,541
4,440
52,113
26,261
5,493
66,788
31,217
6,533
82,904
37,598
5,608
80,097
32
33
34
33,463
2,265
9.626
40,643
2,974
11,817
48,985
5,097
15,816
61,092
17,234
24,346
55,973
18,897
22,437
67,488
27,409
27.970
79,228
35,778
34.902
99,151
33,286
41,116
112,600
45,039
51,098
127,702
55,602
63.540
143,395
49,934
69.262
Memoranda:
Members of OPEC 7
IMPORTS
Total, all countries (A-16)
Western Europe, excluding EC (9) 7
Canada2
Memoranda:
Members of OPEC '
Other countries7
See footnotes on page 61.
SURVEY OF CURRENT BUSINESS
June
49
erchandise Trade
of dollars]
Not seasonally adjusted
1980
I
U
Seasonally adjusted
1981
III
IV
I
II
1982
III
IV
I'
1980
I
1981
m
II
IV
1982
ni
II
I
IV
Line
I»
52,999
56,590
52,927
58,110
59,718
60,750
55,145
58,064
55,295
52,669
54,654
56,181
57,180
59,968
58,435
57,871
57,201
56,042
1
26
77
250
1,282
32
19
275
1,462
38
35
255
1,011
60
186
263
1,348
49
321
282
1,041
46
307
313
1,204
49
363
281
1,023
85
294
275
1,003
53
250
242
1,084
26
77
262
1,282
32
19
257
1,462
38
35
265
1,011
60
186
259
1,348
49
321
295
1,041
46
307
294
1,204
49
363
293
1,023
85
294
269
1,003
53
250
250
1,084
2
-701
568
-899
-90
-739
-22
-978
-147
-1,010
-107
-1,204
420
-1,202
-157
-1,505
406
-1,615
-263
-701
1,137
569
-899
318
408
-739
-1,005
-983
-978
-199
-52
-1,010
19
126
-1,204
1,202
782
-1,202
-703
-546
-1,505
246
-160
-1,615
-454
-191
6
7
8
54,501
57,389
53,505
58,842
60,294
61,836
55,502
58,622
55,046
54,752
55,843
55,786
57,856
60,683
60,284
57,694
57,593
55,610
9
62,993
61,729
58,193
61,956
65,064
66,752
63,716
65,773
61,694
63,868
60,706
58,792
61,644
65,615
65,537
64,718
65,468
62,268
10
1,172
66
641
164
736
77
223
152
476
441
672
227
211
1,172
66
641
164
736
77
223
152
476
441
672
227
211
11
12
-78
757
-136
426
-124
250
-56
434
-75
119
-81
377
-76
256
-75
577
-111
379
-78
-697
-1,328
-136
988
566
-124
254
-12
-56
1,083
635
-75
-1,021
-1,108
-81
934
565
-76
225
-51
-75
1,158
561
-111
-699
-1,043
13
14
15
64,910
62,824
59,132
62,709
65,584
67,489
64,568
66,502
62,173
64,431
62,363
59,735
63,046
64,995
66,831
65,539
66,778
61,669
16
54,501
57,389
53,505
58,842
60,294
61,836
55,502
58,622
55,046
54,752
55,843
55,786
57,856
60,683
60,284
57,694
57,593
55,610
1
18,261
14,266
3,254
10,565
2,978
3,995
17,868
14,291
3,746
10,123
3,115
3,577
15,100
12,071
2,737
8,940
2,613
3,029
16,374
12,838
3,081
9,327
2,743
3,536
17,101
13,527
3,304
9,578
2,748
3,574
16,578
13,140
3,404
9,047
2,736
3,438
15,103
11,912
2,967
8,326
2,446
3,191
16,308
12,772
2,744
9,379
2,601
3,536
15,695
12,276
2,fi76
8,991
2,402
3,419
17,603
13,822
3,185
10,225
2,821
3,781
17,336
13,826
3,462
9,936
3,089
3,510
16,465
13,071
2,992
9,644
2,826
3,394
16,199
12,747
3,179
9,150
2,713
3,452
16,442
13,050
3,196
9,237
2,595
3,392
16,193
12,767
3,144
8,958
2,714
3,426
16,300
12,899
3,259
8,978
2,643
3,401
16,155
12,635
2,820
9,157
2,579
3,520
15,227
11,906
2,590
8,707
2,253
3,321
2
3
4
5
6
7
1,253
10,264
8,160
3,067
769
11,032
9,819
3,735
705
9,475
9,894
3,891
1,416
10,855
10,972
4,538
1,594
11,153
10,765
4,249
877
12,991
11,313
5,031
782
10,592
10,218
4,448
1,208
10,514
10,508
4,479
1,604
9,806
8,706
3,620
1,150
10,397
8,718
3,165
856
10,370
9,708
3,597
831
10,058
9,907
4,002
1,306
10,801
10,512
4,467
1,466
11,277
11,455
4,381
978
12,204
11,105
4,839
923
11,304
10,217
4,577
1,094
10,465
10,027
4,410
1,479
9,929
9,280
3,747
8
9
10
11
5,033
1,461
10,069
5,202
1,712
10,987
5,193
1,820
11,318
5,378
2,124
11,723
5,599
1,983
12,099
5,204
2,495
12,378
5,169
2,233
11,405
5,824
2,287
11,973
5,190
2,018
12,027
4,937
1,461
10,486
5,314
1,712
10,547
5,370
1,820
11,335
5,185
2,124
11,729
5,500
1,983
12,560
5,359
2,495
11,950
5,293
2,233
11,424
5,644
2,287
11,921
5,142
2,018
12,535
12
13
14
35,019
3,857
14,372
35,814
4,268
16,538
31,588
4,475
16,737
34,731
4,764
17,931
35,836
4,971
17,893
37,268
5,472
18,219
33,097
5,233
16,390
34,933
5,417
17,041
32,709
5,309
15,424
34,398
4,049
15,155
34,732
4,091
16,164
33,713
4,509
16,733
34,309
4,715
17,526
35,202
5,232
18,783
36,251
5,244
17,811
35,130
5,264
16,377
34,551
5,353
16,572
32,316
5,593
16,222
15
16
17
64,910
62,824
59,132
62,709
65,584
67,489
64,568
66,502
62,173
64,431
62,363
59,735
63,046
64,995
66,831
65,539
66,778
61,669
18
12,331
9,346
2,425
6,639
3,098
2,985
11,898
9,207
2,300
6,633
3,115
2,691
11,654
8,801
2,562
5,976
2,829
2,853
11,372
8,743
2,561
5,864
2,650
2,629
12,586
9,592
2,821
6,360
2,751
2,994
13,301
10,518
3,260
6,840
2,886
2,783
13,580
10,770
3,745
6,603
2,711
2,810
13,406
10,544
2,920
7,182
3,041
2,862
12,740
10,068
2,817
6,820
2,940
2,672
12,200
9,333
2,419
6,638
3,102
2,867
11,748
9,040
2,258
6,506
2,997
2,708
11,947
9,006
2,624
6,101
2,929
2,941
11,360
8,718
2,547
5,867
2,664
2,642
12,479
9,542
2,792
6,348
2,745
2,937
13,068
10,385
3,252
6,715
2,768
2,683
13,963
11,010
3,797
6,759
2,815
2,953
13,363
10,487
2,905
7,163
3,061
2,876
12,614
10,000
2,781
6,796
2,930
2,614
19
20
21
22
23
24
334
11,080
9,942
3,134
346
10,247
9,218
3,314
396
9,545
8,706
2,884
368
11,825
9,659
3,252
450
11,410
10,139
3,190
400
12,324
9,654
3,526
367
11,192
9,520
3,230
335
12,390
9,786
3,821
265
11,557
9,207
3,683
334
11,141
9,630
3,013
347
9,842
9,258
3,259
396
10,257
8,916
3,051
367
11,457
9,721
3,261
446
11,446
9,759
3,037
402
11,857
9,712
3,451
367
12,036
9,815
3,462
337
11,977
9,813
3,817
264
11,573
8,833
3,519
25
26
27
28
7,287
1,656
22,280
7,984
1,610
21,521
7,949
1,482
19,400
7,997
1,785
19,703
8,550
1,396
21,053
9,416
1,434
20,960
9,587
1,336
18,986
10,045
1,442
19,098
9,993
1,135
17,276
7,389
1,750
21,987
7,738
1,589
21,841
7,868
1,540
18,811
8,222
1,654
20,265
8,694
1,476
20,695
9,120
1,416
21,256
9,486
1,392
18,480
10,298
1,324
19,666
10,168
1,198
17,019
29
30
31
32,354
15,298
16,075
31,739
14,312
15,989
30,630
12,560
15,546
32,979
13,432
15,930
33,942
14,529
16,663
36,475
13,347
17,267
35,695
10,897
17,609
37,283
11,161
17,723
35,425
9,852
16,631
32,480
14,857
15,911
30,917
14,661
16,000
31,612
12,379
15,348
32,693
13,705
16,281
34,095
14,017
16,437
35,461
13,681
17,287
36,877
10,831
17,464
36,962
11,405
18,074
35,553
9,462
16,390
32
33
34
5
50
SURVEY OF CURRENT BUSINESS
June
Table 3.—U.S. Merchandise
[Millions of
Line
Merchandise trade, by area, adjusted to balance of payments basis,
excluding military— Continued
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
B
BALANCE (EXCESS OF EXPORTS +)
911
5,343
9047
9,306
30,873
33,759
27,346
25,338
27,889
-204
537
-1,592
30
1442
892
233
758
1,868
550
3897
2,500
583
2,093
-1,615
1,397
9120
6,341
1,144
5213
306
2779
8880
7,178
941
6,267
-177
1702
5868
4,374
900
3,370
1,399
1494
2928
2,720
802
1,804
-2,766
208
12351
9,246
2,677
6176
-2,259
3105
20,348
17,369
2,970
13,843
-243
2979
12,217
9,927
-327
9,345
-858
2290
195
1287
346
360
537
1,384
161
353
1,446
984
317
656
760
550
-2,838
1469
2,515
1827
931
2107
3,248
139
-337
1412
1,768
1,112
-3,243
140
2,385
2,323
-1,008
595
4,017
330
-1,980
1130
2,699
1,071
1,320
2647
2,909
2,066
3,705
4,440
46
47
48
3225
535
400
4113
129
1035
1309
395
3%
1690
1,738
6660
1690
1,266
4922
5335
1,441
17 064
7999
985
27140
11581
227
23933
8632
59
32713
10411
584
38807
15802
3,390
32242
49
50
51
3201
138
884
6079
-423
451
456
1,683
1,604
3395
-11,015
1517
10523
8,941
4950
4847
15,848
1224
2258
22,901
6828
11203
18440
5749
3330
-30,502
3005
9450
38,238
2038
2261
28,841
281
1
2
3
43319
7,831
35488
49,381
9,513
39868
71,410
17,978
53432
98306
22412
75894
107 088
22,242
84846
114,745
23,381
91364
120,816
24,331
96485
142 054
29,902
112 152
184 473
35,594
148879
224,237
42,156
182 081
236,254
44,264
191 990
4
6,110
5964
2,985
1340
1,639
146
7,504
7333
4,056
1,511
1,766
171
15,199
14,895
9,732
2,763
2,400
304
18,638
18361
11,620
3544
3197
277
19,234
18907
12,649
2881
3,377
327
19,830
19409
12,222
3323
3,864
421
19,723
19,112
10,243
4411
4,458
611
25,156
24133
13,482
5200
5451
1023
30,005
28793
16,710
5740
6,343
1212
35,721
34593
20,857
5888
7,848
1 128
38,314
37,082
22,129
6,223
8,730
1,232
10
11
12
13
14
15
16
17
12703
1,783
10920
1,714
1703
9206
25
13966
2,080
11886
1,714
1704
488
10172
28
19862
2,899
16963
1,955
1947
605
15008
50
30131
3,787
26344
3596
3586
851
22748
89
29950
3,120
26830
4,757
4739
986
22073
459
32125
3,688
28437
4,673
4653
1,078
23764
348
34484
4,642
29842
4,781
4764
1,334
25061
1093
39202
5334
33868
4507
4503
1585
29361
1 163
58342
6311
52031
6681
6678
1971
45350
5293
72258
7,033
65225
8,983
8945
2997
56242
4176
69820
6,671
63149
10,746
10725
3,769
52403
4398
18
19
20
21
22
15372
11,756
1918
1,363
335
16,914
13,347
1675
1,497
395
21,999
17,454
2,315
1,749
481
30878
24,625
3395
2233
625
36639
29,881
3188
2732
838
39112
32,035
3214
2970
893
39767
33,487
2750
2,941
589
46470
38332
3657
3663
818
58842
47206
6297
4354
985
74178
58,284
8600
5820
1,474
81666
65,752
8878
4,854
2,182
23
24
25
4,698
3,512
1,186
5,485
4,267
1,219
6,878
5,251
1,627
8,625
6205
2,420
10,631
7088
3,543
12,100
8429
3,671
13,364
9615
3,749
15,584
10375
5209
18,200
11815
6385
17,229
10237
6,992
19,097
11 185
7,912
26
2,913
3,583
4,800
6399
6,560
8,022
8,932
10466
12845
16633
16,295
27
1523
1929
2,672
3635
4074
3556
4,546
5176
6239
8,218
11,062
28
45,579
55,797
70,499
103,649
98,041
124,051
151,68!)
175,813
211,819
249,575
264,143
29
30
3,650
41929
4,650
51,147
8,415
62,084
26,609
77040
27,017
71024
34,573
89478
44,983
106,706
42,312
133 501
60,482
151 337
79,414
170 161
77,579
186,564
35
Western Europe excluding EC (9) '
Canada 2
Latin American Republics and Other Western Hemisphere
Memoranda:
Members of OPEC '
.
.
Merchandise trade, by principal end use category, adjusted to balance of payments basis, excluding military.2
2260
36
37
38
39
40
41
776
711
72
408
-1,141
440
42
43
44
45
6,416
C
EXPORTS
Total (A-9)
5
6
7
8
9
Other transportation equipment
To Canada a
All other, including balance of payments adjustments not included
in lines C 4-26
511
1
IMPORTS
Total (A-16)
31
9,119
10568
9642
11,546
13,981
15397
17,366
18,127
18,112
20,958
5168
5101
15,790
367
28,051
9,075
8966
18,976
514
54,428
27667
27488
26761
966
51,030
28557
28454
22473
330
64,332
37 139
36975
27,193
939
80,653
48,007
47654
32,646
1935
84854
46070
45648
38784
1765
110,362
65096
64473
45,266
2912
135,046
85065
84401
49,981
5565
137,860
83470
82530
54390
4014
4334
4033
227
74
5919
5,315
477
127
8263
7,257
618
388
9819
9097
636
86
10166
9521
548
97
12282
11815
406
61
13985
13264
592
129
19243
17987
982
274
24575
22582
1519
474
30322
26150
2985
1 187
34576
30502
3749
325
41
42
43
See footnotes on page 61.
7,258
17,444
4018
3974
13426
240
37
38
39
40
All other, including balance of payments adjustments not included
in lines C 31-44
6364
32
33
34
35
36
7358
3973
3385
8685
4,617
4068
10257
5264
4993
12028
5621
6407
11693
5772
5921
16169
7860
8309
18641
9104
9537
24214
10255
13959
25503
9471
16032
26987
8513
18474
29737
10383
19354
44
8,388
11,104
12,892
14,380
13211
17,165
21796
28943
30,566
34,445
38664
45
1691
1,873
1917
2426
2,299
2557
2633
3162
3447
4,648
5194
June
51
SURVEY OF CURRENT BUSINESS
Trade—Continued
dollars]
Not seasonally adjusted
1980
Seasonally adjusted
1982
1981
1980
1982
1981
Line
I
n
-10,409
-5,435
-5,627
-3,867
-5,290
-5,653
-9,066
-7,880
-7,127
-9,679
-6,520
-3,949
-5,190
-4,312
-6,547
-7,845
-9,185
-6,059
35
5,930
4,920
829
3,926
-120
1,010
5,970
5,084
1,446
3,490
886
3,446
3,270
175
2,964
-216
176
5,002
4,095
520
3,463
93
907
4,515
3,935
483
3,218
-3
580
3,277
2,622
144
2,207
-150
655
1,523
1,142
-778
1,723
-265
381
2,902
2,228
-176
2,197
-440
674
2,955
2,208
-141
2,171
-538
747
5,403
4,489
766
3,587
-281
914
5,588
4,786
1,204
3,430
92
802
4,518
4,065
368
3,543
-103
453
4,839
4,029
632
3,283
49
810
3,963
3,508
404
2,889
-150
455
3,125
2,382
-108
2,243
-54
743
2,337
1,889
-538
2,219
-172
448
2,792
2,148
-85
1,994
-482
644
2,613
1,906
-191
1,911
-677
707
36
37
38
39
40
41
919
-816
-1,782
-67
423
785
601
421
309
-70
1,188
1,007
1,048
-970
1,313
1,286
1,144
-257
626
1,059
477
667
1,659
1,505
415
-600
698
1,218
873
-1,876
722
658
1,339
-1,751
-501
-63
816
-744
-912
152
509
528
450
338
435
-199
991
951
939
-656
791
1,206
1,020
-169
1,696
1,344
576
347
1,393
1,388
556
-732
402
1,115
757
-1,512
214
593
1,215
-1,644
447
228
42
43
44
45
-2,254
-195
-12,211
-2,782
102
-10,534
-2,756
338
-8,082
-2,619
339
-7,980
-2,951
587
-8,954
-4,212
1,061
-8,582
-4,418
897
-7,581
-4,221
845
-7,125
-4,803
883
-5,249
-2,452
-289
-11,501
-2,424
123
-11,294
-2,498
280
-7,476
-3,037
470
-8,536
-3,194
507
-8,135
-3,761
1,079
-9,306
-4,193
841
-7,056
-4,654
963
-7,745
-5,026
820
-4,484
46
47
48
2,665
-11,441
-1,703
4,075
-10,044
549
958
-8,085
1,191
1,752
-8,668
2,001
1,894
-9,558
1,230
793
-7,875
952
-2,598
-5,664
-1,219
-2,350
-5,744
-682
-2,716
-4,543
-1,207
1,918
-10,808
-756
3,815
-10,570
164
2,101
-7,870
1,385
1,616
-8,990
1,245
1,107
-8,785
2,346
790
-8,437
524
-1,747
-5,567
-1,087
-2,411
-6,052
-1,502
-3,237
-3,869
-168
49
50
51
54,501
10,554
43,947
57,389
9,926
47,463
53,505
9,691
43,814
58,842
11,985
46,857
60,294
12,815
47,479
61,836
10,776
51,060
55,502
9,161
46,341
58,622
11,512
47,110
55,046
10,681
44,365
54,752
10,159
44,593
55,843
10,159
45,684
55,786
10,706
45,080
57,856
11,132
46,724
60,683
12,575
48,108
60,284
11,151
49,133
57,694
9,947
47,747
57,593
10,591
47,002
55,610
10,505
45,105
1
2
3
8,326
8,173
4,882
1,600
1,691
153
8,197
7,921
4,592
1,427
1,902
276
8,656
8,276
5,309
1,102
1,865
380
10,542
10,223
6,074
1,759
2,390
319
10,761
10,563
6,480
1,937
2,146
198
9,320
9,074
5,456
1,391
2,227
246
8,423
7,906
5,046
935
1,925
517
9,810
9,539
5,147
1,960
2,432
271
8,760
8,592
5,013
1,763
1,816
168
8,394
8,179
5,062
1,350
1,767
215
8,441
8,109
4,792
1,433
1,884
332
9,193
8,914
5,098
1,746
2,070
279
9,693
9,391
5,905
1,359
2,127
302
10,996
10,700
6,770
1,713
2,217
296
9,670
9,368
5,691
1,472
2,205
302
8,718
8,342
4,731
1,479
2,132
376
8,930
8,672
4,937
1,559
2,176
258
8,994
8,753
5,340
1,542
1,871
241
4
5
6
7
8
9
17,865
2,253
15,612
1,786
1,777
722
13,826
1,023
19,760
1,849
17,911
2,472
2,462
742
15,439
1,245
17,003
1,283
15,720
2,250
2,240
704
13,470
606
17,630
1,648
15,982
2,475
2,466
829
13,507
1,302
18,326
2,105
16,221
2,414
2,409
899
13,807
1,370
17,702
1,555
16,147
2,108
2,102
806
14,039
1,283
16,492
1,154
15,338
2,851
2,846
817
12,487
1,108
17,300
1,857
15,443
3,373
3,368
1,247
12,070
637
16,900
1,981
14,919
3,510
3,505
1,742
11,409
430
17,770
1,852
15,918
1,965
1,956
740
13,953
1,023
19,162
1,893
17,269
2,353
2,343
720
14,916
1,245
17,467
1,662
15,805
2,273
2,263
709
13,532
606
17,859
1,626
16,233
2,392
2,383
828
13,841
1,302
18,238
1,727
16,512
2,617
2,612
926
13,895
1,370
17,213
1,637
15,576
2,055
2,049
779
13,521
1,283
16,951
1,504
15,447
2,864
2,859
828
12,583
1,108
17,418
1,803
15,614
3,210
3,205
1,236
12,404
637
17,054
1,644
15,410
3,952
3,947
1,798
11,458
430
10
11
12
13
14
15
16
17
16,815
13,296
1,904
1,282
333
18,999
14,951
2,185
1,474
389
18,475
14,712
1,980
1,452
331
19,889
15,325
2,531
1,612
421
19,894
16,094
2,073
1,263
464
21,697
17,085
2,817
1,200
595
19,771
16,189
1,902
1,183
497
20,304
16,384
2,086
1,208
626
19,174
15,687
1,765
1,159
563
17,070
13,390
2,054
1,293
333
18,458
14,455
2,198
1,419
386
18,965
15,104
2,034
1,496
331
19,685
15,335
2,314
1,612
424
20,122
16,211
2,178
1,269
464
21,107
16,496
2,852
1,168
591
20,236
16,613
1,912
1,213
498
20,201
16,432
1,936
1,204
629
19,354
15,777
1,843
1,172
562
18
19
20
21
22
4,434
2,742
1,692
4,437
2,663
1,774
3,650
2,005
1,645
4,708
2,827
1,881
4,731
2,842
1,889
5,663
3,586
2,077
4,402
2,474
1,928
4,301
2,283
2,018
4,312
2,490
1,822
4,448
2,736
1,712
4,047
2,340
1,707
4,151
2,409
1,742
4,583
2,752
1,831
4,741
2,821
1,919
5,119
3,129
1,990
5,041
3,011
2,030
4,196
2,224
1,973
4,319
2,464
1,855
23
24
25
4,667
4,020
3,878
4,068
4,191
4,344
3,918
3,842
3,706
4,644
3,861
4,022
4,106
4,166
4,175
4,070
3,884
3,678
26
2,394
1,976
1,843
2,005
2,391
3,110
2,496
3,065
2,194
2,426
1,874
1,988
1,930
2,420
3,000
2,678
2,964
2,211
27
64,910
62,824
59,132
62,709
65,584
67,489
64,568
66,502
62,173
64,431
62,363
59,735
63,046
64,995
66,831
65,539
66,778
61,669
28
21,704
43,206
20,318
42,506
18,003
41,129
19,389
43,320
21,324
44,260
20,277
47,212
18,286
46,282
17,692
48,810
16,334
45,839
21,049
43,382
20,834
41,529
17,735
42,000
19,796
43,250
20,533
44,462
20,798
46,033
18,157
47,382
18,091
48,687
15,652
46,017
29
30
III
IV
I
II
III
IV
I"
I
II
III
IV
I
II
III
IV
I"
4,488
4,504
4,314
4,821
4,854
4,666
4,136
4,456
3,759
4,439
4,431
4,570
4,687
4,882
4,490
4,450
4,290
3,724
31
36,995
23,337
23,144
13,658
1,867
34,372
21,673
21,519
12,699
1,209
30,928
19,186
19,038
11,742
1,644
32,761
20,869
20,700
11,882
845
35,845
22,931
22,693
12,914
943
35,949
21,678
21,411
14,271
1,035
33,463
19,678
19,501
13,785
1,113
32,603
19,183
18,925
13,420
923
30,601
18,088
17,829
12,513
757
36,380
22,495
22,328
13,885
1,867
34,458
22,174
22,024
12,284
1,209
30,902
19,087
18,923
11,815
1,644
33,306
21,309
21,126
11,997
845
35,007
21,930
21,724
13,077
943
36,003
22,181
21,922
13,822
1,035
33,656
19,738
19,541
13,918
1,113
33,194
19,621
19,343
13,573
923
29,882
17,189
16,965
12,693
757
32
33
34
35
36
7,307
6,393
656
258
7,744
6,659
732
353
7,436
6,473
683
280
7,835
6,625
914
296
8,087
7,032
940
115
8,564
7,601
893
70
8,656
7,776
820
60
9,269
8,093
1,096
80
8,659
7,675
925
59
7,383
6,464
659
260
7,500
6,458
690
352
7,559
6,553
726
280
7,880
6,675
910
295
8,176
7,119
942
115
8,295
7,378
847
70
8,786
7,861
865
60
9,319
8,144
1,095
80
8,771
7,786
926
59
37
38
39
40
6,836
2,175
4,661
6,691
1,960
4,731
6,292
1,614
4,678
7,168
2,764
4,404
7,115
2,217
4,898
7,865
2,808
5,057
6,777
2,293
4,484
7,980
3,065
4,915
8,112
2,908
5,204
6.467
2,056
4,411
6,362
1,864
4,498
7,068
2,040
5,028
7,090
2,553
4,537
6,712
2,062
4,650
7,465
2,654
4,811
7,698
2,880
4,818
7,862
2,787
5,075
7,658
2,715
4,943
41
42
43
8,010
8,461
9,122
8,852
8,725
9,134
10,293
10,512
9,578
8,449
8,579
8,580
8,837
9,216
9,288
9,682
10,478
10,124
44
1,274
1,052
1,040
1,282
958
1,311
1,243
1,682
1,464
1,313
1,033
1,056
1,246
1,002
1,290
1,267
1,635
1,510
45
NOTE —Table 10a.—International Transactions, by Selected Countries (published annually) is on page 62
52
SURVEY OF CURRENT BUSINESS
June
Table 3.—U.S. Mercha
[Millions
Line
Merchandise trade, by end-use category, Census basis,1 including
military grant shipments:
Merchandise exports, Census basis, including military grant ship-
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
D
1
44,181
49,812
71,454
98,642
108,113
115,419
121,294
143,767
182,025
220,782
233,739
2
3
4
7,785
36,396
35,815
9,505
40,307
39,748
17,861
53,592
53,077
22,260
76,382
75,783
22,095
86,017
85,556
23,274
92,146
91,955
24,219
97,075
97,013
29,796
113,971
113,886
35,213
146,812
146,648
41,757
179,025
178,869
43,815
189,924
189,862
5
6,066
7,500
15,089
18,489
19,086
19,712
19,591
25,033
29,618
35,313
37,888
6
7
8
9
5,922
2,974
1,327
1,622
7,334
4,074
1,508
1,752
14,799
9,727
2,760
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
28,437
16,691
5,701
6,045
34,226
20,794
5,880
7,552
36,673
22,060
6,186
8,427
10
166
290
268
322
405
585
999
1,181
1,087
1,215
12,642
13,899
19,703
29,992
29,815
31,994
34,341
38,959
57,248
70,522
67,674
12
13
14
15
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
6,286
2,213
1,183
2,891
7,000
2,880
1,334
2,786
6,630
2,277
1,458
2,895
16
17
18
19
10,868
1,702
954
511
11,829
1,705
1,022
489
16,824
1,961
1,057
610
26,218
3,627
2,493
875
26,699
4,753
3,351
993
28,311
4,684
2,997
1,084
29,705
4,763
2,741
1,335
33,632
4,503
2,132
1,585
50,962
6,676
3,507
1,970
63,522
8,776
4,780
2,847
61,044
10,725
6,019
3,769
20
1,092
1,155
1,463
2,697
2,500
2,720
2,682
2,628
3,364
4,973
4,968
21
22
23
24
25
26
27
714
3,001
1,978
263
875
1,243
66
878
3,245
2,376
280
878
1,313
121
1,359
4,503
3,440
645
1,394
2,058
156
1,878
7,445
4,331
924
2,480
2,935
288
1,604
7,392
4,371
846
2,076
3,157
682
1,904
8,094
5,094
725
2,005
3,084
450
1,870
8,642
5,356
482
1,875
4,034
1,169
2,197
10,367
6,230
845
2,029
4,833
1,356
3,262
14,498
8,502
1,347
2,487
10,825
5,621
3,746
17,756
9,647
1,496
3,493
13,634
5,989
3,764
17,962
9,416
900
3,390
9,920
3,760
28
15,189
16,791
21,663
30,398
36,269
38,678
39,312
45,948
57,510
72,600
80,173
29
30
31
32
33
34
35
36
37
38
11,645
2,076
9,569
1,948
849
3,842
361
1,686
1,262
883
13,212
2,504
10,708
2,227
920
4,231
485
1,822
1,341
1,024
17,169
3,472
13,696
2,940
1,271
5,163
663
2,352
1,717
1,308
24,208
4,944
19,265
4,485
1,784
7,172
994
3,061
2,198
1,769
29,567
5,308
24,258
6,650
1,923
9,288
1,430
2,960
2,228
2,007
31,657
6,590
25,068
6,236
1,907
9,748
1,617
3,274
2,588
2,285
33,074
7,238
25,836
5,633
1,997
9,940
1,587
4,050
3,264
2,630
37,875
8,111
29,764
6,421
2,425
10,462
1,755
5,241
4,199
3,460
45,999
9,740
36,259
7,815
3,081
12,577
1,643
6,773
5,460
4,370
57,050
11,817
45,234
9,958
3,837
15,306
1,926
9,076
7,540
5,131
64,524
12,920
51,605
11,614
4,187
17,243
2,232
10,562
8,837
5,767
39
40
41
Other metals, primary and advanced, including advanced steel .
143
11
3,282
1,918
262
3,217
1,707
362
4,068
2,315
426
5,599
3,366
590
5,901
3,169
801
6,175
3,204
846
5,679
2,739
559
7,280
3,616
793
10,531
6,177
980
14,076
8,256
1,474
13,467
8,613
2,182
42
10,077
11,243
12,115
14,463
16,496
15,858
17,988
5,742
2,420
6,534
3,543
7,572
3,671
8,366
3,749
9,254
5,208
10,111
6,385
8,866
6,992
10,076
7,912
1,184
622
2,590
1,322
711
3,086
1,825
888
3,630
2,335
1,394
4,434
2,885
2,199
4,993
3,266
2,068
5,908
3,628
2,041
6,446
3,692
2,770
8,001
4,720
3,330
8,446
4,010
3,052
8,796
4,005
3,310
10,672
2,862
3,510
4,714
6,284
6,476
7,916
8,817
10,308
12,485
16,248
15,868
51
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
5,201
504
5,400
6,382
702
7,890
7,626
732
6,976
8,336
556
52
1,490
1,180
1,583
2,134
2,996
2,600
3,208
4,489
3,017
3,264
4,178
53
8,162
4,716
1,627
49
50
See footnotes on page 61
6,343
3,901
1,218
48
Foreien (reexDorte)
5,119
3,210
1,186
45
46
47
10
4,396
43
44
To Canada 8
1,536
1,813
2,358
3,182
3,394
3,276
3,909
4,567
5,651
6,977
9,971
54
55
898
638
1,013
800
1,265
1.093
1,819
1.363
1,904
1.490
1,602
1.674
1,702
2.207
2,030
2.537
2,426
a 22S
2,863
4 UK
5,193
4778
SURVEY OF CURRENT BUSINESS
June
53
ndise Trade—Continued
of dollars]
Seasonally adjusted
Not seasonally adjusted
I
ni
II
1982
1981
1980
IV
I
II
III
IV
I"
1980
I
II
1981
III
IV
1982
in
n
I
rv
Line
I"
53,042
56,608
52,999
58,134
59,738
60,762
55,155
58,084
55,313
53,280
55,081
55,270
57,151
60,114
59,230
57,333
57,062
55,869
1
10,439
42,603
42,560
9,837
46,771
46,753
9,626
43,373
43,301
11,857
46,277
46,254
12,699
47,039
47,019
10,646
50,116
50,104
9,067
46,088
46,079
11,403
46,681
46,660
10,557
44,756
44,738
10,044
43,236
43,194
10,070
45,011
44,993
10,642
44,628
44,557
11,003
46,148
46,124
12,460
47,654
47,634
11,022
48,208
48,196
9,852
47,481
47,472
10,480
46,583
46,562
10,381
45,487
45,469
2
3
4
8,221
8,108
8,584
10,400
10,655
9,196
8,327
9,710
8,648
8,289
8,352
9,121
9,551
10,890
9,546
8,622
8,830
8,881
5
8,077
4,843
1,599
1,635
7,840
4,590
1,429
1,821
8,213
5,323
1,097
1,794
10,096
6,038
1,755
2,302
10,457
6,463
1,926
2,068
8,950
5,423
1,379
2,148
7,820
5,054
9,446
5,121
1,955
2,370
8,485
4,976
1,762
1,747
8,083
5,023
1,349
1,710
8,028
4,790
1,435
1,803
8,851
5,112
1,741
1,998
9,264
5,869
1,355
2,041
10,594
6,753
1,702
2,140
9,244
5,658
1,460
2,127
8,256
4,739
1,470
2,047
8,578
4,911
1,553
2,113
8,646
5,303
1,541
1,802
7
144
268
371
305
198
246
507
264
162
207
323
270
286
296
301
365
253
236
10
17,385
19,392
16,704
17,041
17,802
17,184
15,947
16,742
16,398
17,289
18,794
17,168
17,270
17,716
16,695
16,406
16,858
16,552
11
2,234
1,002
1,841
1,281
1,645
2,095
1,549
1,145
1,841
1,964
1,833
1,886
1,659
1,623
1,494
1,787
1,627
402
396
696
654
388
745
570
337
720
12
13
14
15
15,151
1,716
17,551
2,424
1,322
15,423
2,231
1,328
15,396
2,404
1,381
15,707
2,409
1,145
15,635
2,102
1,066
899
14,925
3,947
1,889
1,798
16
17
18
19
1,004
1,263
1,417
1,289
1,263
873
975
916
982
964
4,268
2,443
4,715
2,672
4,502
2,287
4,272
2,246
3,699
1,920
4,134
2,028
2,819
16,452
18,521
13,012
2,756
10,257
2,106
3,559
359
873
749
660
403
745
853
470
926
1,840
1,717
1,631
615
303
705
714
279
724
507
394
730
15,509
2,254
1,346
15,648
2,321
1,300
15,998
2,612
1,321
15,064
2,049
1,039
14,912
2,859
1,836
779
828
15,071
3,205
1,822
1,236
1,190
1,424
1,308
1,322
1,261
1,211
1,173
1,167
20
877
955
954
969
992
942
863
772
4,373
2,168
4,574
2,493
4,430
2,354
4,468
2,379
4,542
2,407
4,425
2,414
4,373
2,145
311
903
233
858
273
875
4,374
2,291
4,621
2,305
204
852
147
719
4,284
2,422
961
1,834
1,638
4,089
2,028
2,843
3,056
1,290
2,775
1,144
1,850
1,644
763
2,997
1,278
2,240
269
3,706
1,920
269
21
22
23
24
25
26
27
19,402
19,895
18,764
16,706
17,980
18,634
19,279
19,808
20,706
19,867
19,792
18,944
28
15,890
3,144
12,747
3,013
1,000
4,246
16,086
3,301
12,785
2,816
1,049
4,268
15,364
3,092
12,272
2,729
13,106
2,797
10,309
2,189
14,105
2,933
11,172
2,491
3,562
3,848
15,008
3,082
11,926
2,622
1,011
3,945
15,916
3,186
12,730
2,864
1,070
4,236
16,159
3,195
12,964
2,879
1,056
4,345
16,315
3,247
13,068
3,009
1,043
4,375
16,133
3,291
12,842
2,862
1,018
4,287
15,454
3,138
12,316
2,811
4,158
14,830
3,004
11,826
2,656
1,037
3,952
29
30
31
32
33
34
35
36
37
38
779
328
726
288
281
576
534
552
755
757
355
852
14,802
2,846
1,834
817
14,434
3,505
1,503
1,742
15,456
1,895
806
14,900
3,368
1,974
1,247
16,908
2,305
1,225
1,340
1,207
1,158
1,115
1,051
910
877
769
4,538
2,430
1,014
4,575
2,586
4,412
2,229
311
911
197
857
309
884
189
797
4,437
2,171
3,050
1,290
2,824
1,144
2,212
763
2,982
1,278
18,144
19,483
19,580
21,296
14,601
3,053
11,548
2,816
14,438
2,914
11,524
2,652
3,973
3,832
14,998
3,094
11,904
2,584
1,045
3,941
15,799
3,140
12,659
2,760
1,044
4,233
16,748
3,335
13,414
3,025
1,094
4,496
874
312
656
704
449
920
946
530
500
230
550
695
333
918
993
453
504
433
707
788
472
915
300
880
540
325
684
569
655
6
8
9
891
504
434
504
934
521
909
679
476
746
876
450
804
384
697
682
394
909
912
461
682
319
658
700
315
935
486
786
529
926
549
572
183
813
891
543
211
844
434
568
158
719
955
4,155
503
2,056
1,669
1,212
2,182
1,811
1,301
2,332
1,954
1,261
2,506
2,105
1,357
2,593
2,165
1,459
2,639
2,197
1,504
2,591
2,179
1,393
2,738
2,295
1,411
2,588
2,150
1,342
2,037
1,661
1,195
2,207
1,835
1,253
2,384
1,991
1,312
2,448
2,053
1,371
2,574
2,159
1,439
2,662
2,218
1,449
2,649
2,219
1,450
2,677
2,241
1,429
2,570
2,146
1,322
3,107
1,826
3,531
2,057
3,375
1,923
4,063
2,451
3,317
2,054
3,952
2,753
3,014
1,831
3,184
1,975
2,837
1,678
3,267
1,975
3,489
2,070
3,472
1,977
3,847
2,234
3,427
2,159
3,956
2,788
3,053
1,841
3,030
1,825
2,928
1,756
562
39
40
41
333
389
331
421
464
595
497
625
563
333
386
331
424
464
591
498
629
4,071
3,995
3,412
4,380
4,417
5,268
4,193
4,110
4,074
4,084
3,605
3,912
4,256
4,427
4,724
4,832
4,004
4,081
42
2,379
1,692
2,221
1,774
1,767
1,645
2,500
1,881
2,528
1,889
3,191
2,077
2,265
1,928
2,092
2,018
2,252
1,822
2,372
1,713
1,898
1,707
2,171
1,742
2,425
1,831
2,507
1,919
2,734
1,990
2,802
2,030
2,032
1,973
2,226
1,855
43
44
1,164
1,120
791
641
756
1,084
1,058
1,270
921
878
783
799
755
653
695
1,181
862
786
994
803
1,072
1,160
2,014
2,508
3,076
2,556
2,726
1,908
658
717
2,507
2,532
819
712
767
2,084
2,165
972
724
1,061
2,191
2,265
2,459
2,486
2,809
2,853
2,525
2,706
45
46
47
4,579
3,919
3,785
3,966
4,077
4,222
3,823
3,746
3,598
4,556
3,759
3,930
4,003
4,052
4,053
3,975
3,787
3,570
48
2,515
1,845
1,850
1,888
1,732
1,898
1,794
1,996
1,787
2,130
1,896
2,176
1,676
2,016
1,617
2,014
1,499
1,999
2,534
1,821
1,732
1,846
1,815
1,940
1,808
2,020
1,807
2,100
1,772
2,131
1,762
2,066
1,635
2,039
1,514
1,964
91
49
50
51
52
716
220
182
155
789
176
851
160
150
132
115
100
739
201
181
175
175
880
145
843
150
148
113
708
834
736
986
905
1,052
1,015
1,206
1,382
708
834
736
986
905
1,052
1,015
1,206
1,382
1,625
1,840
1,634
1,878
2,302
2,544
2,448
2,676
2,450
1,647
1,757
1,769
1,805
2,316
2,454
2,616
2,584
2,458
53
643
982
758
707
928
755
1,178
1,124
1,355
1,190
1,324
1,124
1,335
1,341
1,226
1,224
669
978
725
723
745
1,032
1,045
1,060
1,208
1,108
1,314
1,140
1,342
1,274
1,328
1,256
1,251
1,207
54
1,082
1,123
55
54
SURVEY OF CURRENT BUSINESS
June
Table 3.—U.S. Merchandise
[Millions of
1971
1972
1973
1974
1975
1976
1977
1978
1979
56
46,170
56364
70,473
102 576
98,509
123 477
150,390
174 757
209,458
244 871
261,305
57
6364
7264
9112
10568
9642
11 546
13981
15397
17366
18 127
18113
58
2111
2164
2707
4069
3747
4 144
5468
5118
5349
6255
5230
59
60
1,167
1,182
1,570
1,505
2247
1,561
1865
2,632
1 154
3,910
1 076
3,728
723
3,820
974
3872
1988
2,622
2142
61
4253
5099
6405
6499
5895
7402
8513
10279
12017
11872
12882
51,038
63,539
79,051
83,621
107,733
130,966
, 134,632
Line
764
832
925
1980
1981
Fuels and lubricants 9 10
Materials associated with nondurable goods and farm output
Other (hides, copra, materials for making photos, drugs, dyes) . .
62
17,458
20,995
27,587
63
64
4,050
3664
5,213
4699
8,830
8294
27342
26463
28,480
27044
36986
34598
47,598
44961
45573
42197
63930
59888
83788
78795
82058
77 107
65
Industrial supplies and materials
53,446
1634
1724
2090
2969
2716
3340
3604
3996
4801
5269
5603
66
67
68
69
70
3 155
1,411
3704
1,538
157
1130
878
4161
1,594
5670
1597
254
2498
1,320
4953
1,178
343
2229
1,203
6093
1574
392
2,579
1,548
6741
1,584
8164
1951
9253
1851
439
4531
2,432
10175
2040
11863
2555
89
955
700
191
1,346
1,029
322
3068
1,767
399
3765
2,049
455
5187
2,492
633
5966
2,709
71
1,351
1,990
2,472
1,993
1,556
2396
3,312
4388
4840
3734
3716
72
73
75
76
77
7,268
714
2,871
2,599
405
1,084
8,364
758
3,071
3,236
608
1,299
10,034
970
3,196
4,050
964
1,819
15,471
1,356
5,559
6,124
1,525
2,432
13,332
1,744
4,606
4,826
1,128
2,157
14,724
1,872
4,380
5,787
1,001
2,685
17,796
1,852
6,001
6,729
1,327
3,214
21,499
1848
7,586
8,522
1,815
3,542
24,910
2202
7759
10,650
3375
4,300
28,000
2161
7,559
13,795
5716
4,485
31,390
2588
11262
12,514
4 134
5,027
78
4,317
5836
7,902
9734
10143
12279
13954
19182
24584
29624
34493
79
4075
5369
7268
9055
9505
11812
13280
17994
22591
26 176
30502
Electrical and electronic, and parts and attachments
80
1,118
1,550
2,353
3,096
2,899
4,430
4,365
5,861
7,764
7,945
9,452
Nonelectrical, and parts and attachments
Construction, textile and other specialized industry machinery
81
2,957
3,819
4,915
5,959
6,605
7,382
8,916
12,133
14,827
18,231
21,050
82
719
945
1,086
1,178
1,261
1,321
1670
2,403
2602
2,857
3425
83
928
84
85
86
364
532
412
1,155
497
665
557
1,552
667
878
732
2,075
850
977
879
2423
998
1,014
909
2,582
1,056
1,287
1,136
3112
1,174
1,497
1,464
4274
1,367
2,143
1,946
5599
1,982
2,401
2,243
6,545
1,823
4,451
2,555
7748
1,689
5,204
2,984
Transportation equipment, except automotive
87
242
467
634
679
638
466
674
1,188
1,992
3,448
3,992
Civilian aircraft, complete, all types
88
89
228
40
436
58
595
81
636
97
548
81
406
94
592
265
982
231
1518
517
2984
964
3749
1,339
90
7,917
9,327
10,886
11,961
11,673
16,155
18670
24,315
25558
27062
29737
91
92
4532
3,385
5,259
4,068
5893
4,993
5,555
6,406
5752
5,921
7846
8,308
9133
9,537
10357
13,959
9526
16,032
8588
18,474
10383
19,354
Passenger cars, new and used
Trucks, buses, and special vehicles
Bodies, engines, parts and accessories, nes
93
94
95
5,092
835
1,991
5,730
1,129
2,468
6,526
1,282
3,078
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
3,759
6,957
16,819
4,067
6,176
17,768
4,844
7,124
Consumer goods (nonfood), except automotive
96
8,392
11,111
12,890
14,380
13,211
17,165
21,796
28,943
30,566
34,445
38,664
97
98
99
4514
3,316
563
6,224
4,124
762
7110
4,786
994
8,256
5,166
958
6805
5,479
927
8,405
7,488
1,272
11760
8,285
1,751
15326
11,251
2,367
16233
11,996
2,337
18461
13,066
2,918
20766
14,928
2,969
100
1722
1,832
2095
2,486
2,802
2,795
2,938
3,298
3,651
4,647
5667
Materials associated with durable goods output, n.e s
74
Other metals, primary and advanced, including advanced steel . ..
Nonmetals (oils, gums, resins, minerals, rubber, tires, etc ) ...
Agricultural machinery and farm tractors
Business and office machines, computers, etc
Scientific, professional and service industry equipment
Consumer nondurables, manufactured
Unmanufactured consumer goods (gems, nursery stock)
Imports, n.e.s (low value, goods returned, military aircraft, movies,
See footnotes on page 61
SURVEY OF CURRENT BUSINESS
June
55
Trade—Continued
dollars]
Not seasonally adjusted
1980
I
II
Seasonally adjusted
1981
III
IV
II
I
1982
HI
IV
I"
1980
I
1981
III
II
rv
n
I
1982
m
IV
Line
I"
56
62,993
61,729
58,193
61,956
65,064
66,752
63,716
65,774
61,694
62,540
61,272
58,780
62,279
64,507
66,102
64,667
66,029
61,225
4,488
4,504
4,314
4,821
4,854
4,666
4,136
4,456
3,759
4,439
4,431
4,570
4,687
4,882
4,491
4,450
4,290
3,724
57
1,527
1,628
1,506
1,594
1,575
1,247
1,032
1,376
946
1,437
1,642
1,595
1,581
1,557
1,248
1,076
1,350
894
58
1,101
338
1,070
419
867
555
835
676
866
586
603
487
495
422
658
647
626
210
959
411
1,092
434
1,016
472
806
670
771
689
631
486
579
350
640
618
556
251
59
60
2,960
2,876
2,808
3,227
3,279
3,419
3,105
3,080
2,813
3,001
2,788
2,976
3,106
3,325
3,243
3,374
2,940
2,830
61
35,496
33,479
29,937
32,054
34,968
35,143
32,508
32,013
30,081
34,907
33,568
29,895
32,595
34,162
35,205
32,680
32,584
29,397
62
23,062
21,567
21,470
20,146
18,950
17,864
20,307
19,218
22,530
21,161
21,313
20,179
19,396
18,180
18,820
17,586
17,779
16,284
22,246
20,912
21,975
20,662
18,835
17,596
20,732
19,625
21,561
20,370
21,824
20,700
19,435
18,051
19,238
17,986
16,915
15,602
63
64
1,382
1,371
1,226
1,290
1,408
1,424
1,295
1,476
1,348
1,361
1,348
1,256
1,304
1,385
1,398
1,328
1,493
1,330
65
2,617
549
126
1,325
617
2,717
545
172
1,388
612
2,298
461
91
1,155
590
2,542
485
66
1,319
673
3,039
629
172
1,498
739
3,056
626
184
1,580
665
2,895
644
147
1,472
632
2,874
655
130
1,415
672
2,942
615
230
1,392
705
2,532
542
105
1,306
580
2,610
534
139
1,345
592
2,413
467
110
1,210
627
2,620
498
102
1,326
694
2,930
620
134
1,476
700
2,935
613
138
1,540
643
3,008
649
166
1,524
669
2,991
673
196
1,425
696
2,832
607
188
1,372
666
66
67
68
69
70
1,029
868
892
945
964
1,105
861
786
589
1,108
801
841
984
1,037
1,028
824
827
638
71
7,406
425
1,888
3,870
1,670
1,223
7,054
663
1,970
3,264
1,126
1,157
6,570
550
1,750
3,284
1,561
986
6,970
523
1,951
3,377
1,358
1,119
7,028
484
2,024
3,190
1,054
1,330
8,245
752
2,854
3,354
1,099
1,286
8,060
729
3,203
2,906
901
1,222
8,057
622
3,181
3,064
1,081
1,190
7,423
391
3,223
2,719
887
1,090
7,659
556
2,027
3,874
1,670
1,202
6,834
606
1,971
3,126
1,126
1,130
6,550
493
1,700
3,350
1,561
1,007
6,957
505
1,862
3,444
1,358
1,145
7,249
623
2,155
3,170
1,054
1,302
8,019
690
2,877
3,198
1,099
1,255
8,085
659
3,150
3,023
901
1,253
8,036
616
3,081
3,123
1,081
1,216
7,683
513
3,400
2,703
887
1,067
72
73
74
75
76
77
7,168
7,528
7,297
7,631
8,031
8,564
8,654
9,245
8,657
7,244
7,284
7,420
7,676
8,120
8,295
8,784
9,295
8,769
78
6,399
6,665
6,478
6,633
7,032
7,601
7,776
8,092
7,675
6,470
6,464
6,559
6,683
7,119
7,378
7,861
8,143
7,786
79
80
1,867
1,972
2,029
2,077
2,083
2,304
2,477
2,588
2,370
1,970
1,962
1,982
2,032
2,200
2,298
2,422
2,532
2,498
4,532
4,694
4,449
4,556
4,949
5,297
5,299
5,505
5,305
4,500
4,502
4,577
4,662
4,919
5,081
5,439
5,612
5,288
81
698
754
680
725
852
852
877
844
846
685
713
676
783
835
805
876
908
830
82
1,527
608
1,097
602
1,696
527
1,086
630
1,668
377
1,074
649
1,654
312
1,193
673
1,779
429
1,192
697
1,920
497
1,300
729
2,034
379
1,246
762
2,015
384
1,466
795
1,944
367
1,372
776
1,520
573
1,114
608
1,631
456
1,077
624
1,701
434
1,114
652
1,693
360
1,145
670
1,766
398
1,215
705
1,838
425
1,290
723
2,075
429
1,294
764
2,068
438
1,406
792
1,933
341
1,397
786
83
84
85
86
770
862
818
998
998
963
878
1,152
982
773
821
862
992
1,001
916
923
1,151
982
87
656
274
732
202
683
164
914
325
940
297
894
264
820
278
1,096
500
925
363
659
274
690
202
726
164
909
325
942
297
847
264
864
278
1,095
500
926
363
88
89
6,842
6,634
6,327
7,259
7,115
7,865
6,776
7,980
8,112
6,473
6,305
7,103
7,181
6,712
7,465
7,698
7,862
7,658
90
2,181
4,661
1,903
4,731
1,648
4,679
2,855
4,404
2,217
4,898
2,808
5,057
2,292
4,483
3,065
4,915
2,908
5,204
2,062
4,412
1,807
4,498
2,075
5,028
2,644
4,537
2,062
4,650
2,654
4,811
2,880
4,818
2,787
5,074
2,715
4,945
91
92
4,329
946
1,566
4,213
964
1,458
3,907
1,013
1,407
4,370
1,144
1,745
4,366
1,102
1,648
4,845
1,172
1,848
3,903
1,175
1,698
4,655
1,396
1,930
5,054
1,429
1,630
4,008
913
1,552
3,910
963
1,433
4,480
1,137
1,486
4,421
1,054
1,705
4,038
1,043
1,632
4,490
1,161
1,813
4,523
1,376
1,800
4,718
1,264
1,880
4,686
1,362
1,612
93
94
95
8,010
8,461
9,122
8,852
8,725
9,134
10,293
10,512
9,578
8,449
8,579
8,579
8,837
9,216
9,288
9,682
10,478
10,124
96
4,089
3,019
902
4,669
3,139
652
4,709
3,759
654
4,994
3,149
709
4,610
3,324
791
4,894
3,483
758
5,316
4,260
717
5,947
3,861
703
5,211
3,678
688
4,419
3,163
867
4,705
3,221
654
4,577
3,334
668
4,760
3,348
729
4,986
3,469
761
4,959
3,569
760
5,173
3,780
729
5,648
4,111
719
5,620
3,842
662
97
98
99
989
1,123
1,196
1,339
1,371
1,380
1,349
1,568
1,508
1,028
1,104
1,212
1,303
1,415
1,359
1,372
1,520
1,553
100
SURVEY OF CURRENT BUSINESS
56
June
Table 4.—Selected U.S. Government Transactions
[Millions of dollars]
U.S. Government grants (excluding military) and transac-
3,108
Al
11 200
14266
14,010
3,783
2
3
4
3,550
4,681
750
3,931
4,504
3,050
317
4,187
1,339
442
898
5
7,676
9,854
9,710
6
7
8
9
551
7,004
46
75
796
8,667
13
379
1,142
8,120
10
439
-25
-269
-204
-171
-135
-41
-25
rv
HI
II
1982
19 31
19 30
1
in
I
II
3,373
3549
3624
3 464
3366
960
986
129
857
1,250
121
1,129
1,308
67
1,240
1,465
419
1,046
I"
IV
3487
3887
807
46
761
909
13
897
1,626
250
1,376
2,615
2,366
2,585
2,288
2,596
2,374
2,428
2,313
1,860
216
2,299
1
98
171
2,098
2
96
287
2,196
7
95
121
2,074
3
89
195
2,297
C)
104
323
1,949
4
98
316
1,992
508
1,882
7
118
213
1,520
6
121
-65
-7
-27
189
-54
-157
-48
-30
-33
-41
-21
4
17
1
(*)
22
36
14
15
38
25
19
26
29
16
34
C)
12
47
By category
Grants, net (table 1, line 34, with sign reversed)..
Financing military purchases 1
Other grants..
Loans and other long-term assets (table 1, line 44, with
sign reversed)
Capital subscriptions and contributions to international
financial institutions, excluding IMF .
Credits repayable in U S. dollars . .
Credits repayable in foreign currencies
Other long-term assets
Foreign currency holdings and short-term assets, net
(table 1, line 46, with sign reversed)
.
.,
Foreign currency holdings (excluding administrative
cash holdings), net
Receipts from—
Sales of agricultural commodities ..
Interest
Other sources ....
Less disbursements for —
Grants and credits in the recipient's currency ...
Other U S Government expenditures
Assets held under Commodity Credit Corporation
Charter Act, net
Other short-term assets (including changes in administrative cash holdings), net
...
...
10
11
500
-111
"96"6"
-183
i'2o"
42
12
13
14
15
16
(')
68'
145
C)
59
116
68
71
134
C)
18
38
(*)
11
27
S
24
C)
13
28
12
18
17
4
4
8
2
1
10
4
3
3
17
18
19
22
15
1
312
25
5
301
4
3
4
2
86
74
13
3
84
5
81
4
1
71
92
68
4
3
58
58
-96
-19
28
-46
-47
-76
16
31
-50
1
-5
53
-36
257
18
-190
12
171
457
1,250
917
121
318
2,303
280
287
449
1,630
845
186
195
317
1,966
841
323
529
1,495
818
308
283
1,972
681
291
213
243
1,939
663
157
304
20
21
75
22
11
23
24
25
26
27
551
1,421
796
1,556
1,142
1,720
216
333
5,740
7,520
2,337
1 876
1539
3 375
905
7,000
3074
28
226
29
-211
-133
-1
48
-105
4
By program
Capital subscriptions and contributions to international
financial institutions, excluding IMF
Under farm product disposal programs
Under Foreign Assistance Act and related programs
916
693
277
114
316
591
1,568
735
377
193
222
60
42
49
43
58
62
49
53
62
304
312
301
81
86
74
71
84
92
68
58
58
30
151
234
2S8
-Bl
11
117
91
-55
301
56
-64
147
31
32
33
8474
4,598
10 038
6,071
1 588
10067
5,994
2429
1214
34
35
36
37
1 388
888
38
Other foreign currency assets acquired (lines A13, A14,
and A16)
Less foreign currencies used by US Government other
than for grants or credits (line A19)
Other (including changes in administrative cash holdings), net
. ..
..
..
..
. . . .
920
162
135
By disposition 3
Estimated transactions involving no direct dollar outExpenditures on U S. merchandise
. . .
1,560
279
2511
1,670
308
2 544
1,337
505
2554
2 544
1,644
555
2342
1,540
543
1,333
435
2307
1,504
495
2578
1,477
459
2603
1 991
1 974
1,224
1 744
1,448
585
143
344
299
490
477
555
305
739
739
339
210
317
196
350
304
538
263
500
750
296
442
46
13
250
129
121
46
275
333
456
495
63
124
150
119
54
137
203
101
94
644
378
216
232
193
2
39
6
152
181
1
1
-2
C)
3
-1
-1
1
C)
1
1,227
506
Financing of military sales contracts by U S GovernBy long-term credits
U.S Government grants and credits to repay prior U S
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
s
assets (Including changes in retained accounts) (line
Cll)
39
40
1,541
1
Less receipts on short-term U S. Government assets (a)
financing military sales contracts ' and (b) financing
41
297
382
235
192
82
60
49
105
47
84
Less foreign currencies used by U.S Government other
than for grants or credits (line A19)
42
304
312
301
81
86
74
71
84
92
68
58
58
Estimated dollar payments to foreign countries and international financial institutions
43
2,727
4,228
3,943
598
943
1,060
Repayments on U.S. Government long-term assets, total
(table 1, line 45) ...
Bl
3,908
4,459
4,370
918
1,187
2
a
3,754
3,935
4
5
§
295
1,096
1,299
1 064
4,051
303
1,180
1,369
1200
278
1,287
1,466
905
823
44
239
308
232
1,087
86
355
322
325
7
154
409
435
95
100
Cl
73
561
69
27
2
49
705
157
55
3
7,566
8,365
8,915
4
565
576
Receipts
Under
Under
Under
of principal on US. Government credits
farm product disposal programs- .
Foreign Assistance Act and related programs
Export-Import Bank Act . . .
Receipts on other long-term assets
U.S. Government liabilities other than securities, total, net
increase ( + ) (table 1 line 61) .
.
U S. Government cash receipts from foreign governments (including principal repayments on credits
financing military sales contracts), net of refunds ' ...
Less U S Government receipts from principal repay-
1,354
1,333
795
1,005
1,021
1,122
1,176
1,178
947
1,071
1,107
1,244
900
1,068
54
248
408
358
1,073
119
338
331
286
842
46
242
343
212
964
59
397
347
160
998
50
297
333
319
1,130
123
351
442
214
792
56
264
341
130
108
105
105
107
109
114
108
506
90
172
55
48
337
275
305
553
129
78
118
86
232
186
74
2,298
2,313
2,321
2,547
134
151
124
167
145
1,825
1,928
594
128
163
1,595
2,451
3,726
158
133
Less U.S Treasury securities issued in connection with
prepayments for military purchases in the United
1790
752
160
640
442
84
470
603
222
742
77
1 122
6
7
8
9
1,388
888
1,974
1,224
1,744
1,448
585
143
344
299
490
477
555
305
739
739
qqq
dtiy
210
317
196
350
304
538
263
500
750
296
442
46
13
250
Less transfers of goods and services (including transfers
financed by grants to Israel, and by credits) 12 (table
1 line 3)
129
121
46
275
10
6549
8 306
9747
1697
2441
2 169
Associated with U.S. Government grants and transactions increasing Government assets (including changes
in retained accounts) 6 (line A40)
11
1
1
1
-2
C)
3
-1
-1
1
(*)
1
-1
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
12
13
14
15
-123
12
-59
-75
-145
-80
10
-75
-227
-133
7
-100
30
-48
78
-47
26
-73
-222
-61
-86
-75
94
3
91
-171
-54
-118
-39
-16
76
-100
-104
-43
-61
88
-21
110
-230
-76
-155
Plus financing of military sales contracts by U S.
Government 5 (line A34)
See footnotes on page 61
1 998
3081
2 215
SURVEY OF CURRENT BUSINESS
June
57
Table 5.—Direct Investment: Income and Capital
[Millions of dollars]
1980
I
1981
ra
II
IV
I
1982
III
II
rv
I"
U.S. direct investment abroad:
Income (table 1 line 11).
Interest, dividends, and earnings of unincorporated
affiliates (table 1, line 12)
Reinvested earnings of incorporated affiliates (table 1,
line 13)
.
1
38,183
37150
31,873
11,775
7,502
8,645
9,228
8,530
8,435
6,466
8,442
6,211
2
3
4
5
19,219
763
9,126
9330
20,133
590
10787
8756
18,894
161
9,474
9,260
5,801
3,513
138
2,595
780
4,951
4,952
18
2,390
2,545
4,203
83
2,025
2,094
5,321
143
2,460
2348
5,868
86
3,609
2,174
4,419
2,124
3,454
3,165
2,204
4,119
-117
2,080
2,155
6
18,965
17,017
12,978
5,974
3,989
3,694
3,360
4,112
3,482
2,263
3,121
-529
-777
515
n.a.
223
107
1,894
2417
-48
25,222
19,238
-8,691
-5,753
-2,906
-3,542
-7,037
-2,182
-5,203
8
9
10
11
12
13
14
15
16
-6,258
-2,537
-2,682
-6,297
3,616
145
-4,483
4628
3,721
-2,221
-2,297
-3,412
-6,825
3,413
1 115
-2,952
4067
76
4,287
6,719
1,025
-5,437
6,462
5,694
-1,311
7,005
-2,432
221
293
-140
-730
1,083
-534
-585
-1,348
152
1,111
-1,317
-1,761
1,930
1,602
-425
-1,190
1,734
3,152
-400
-1,251
765
2,027
-1,635
3,662
328
-1,721
-388
1,114
-581
1,695
-1,503
-1,572
69
-1,332
851
3,552
724
2,828
-1,418
2,344
2,354
736
-2,415
3,151
1,618
1,172
446
-10
17
-18,965
-17,017
18
19
20
Capital (outflow ( )) (table 1 line 48)
7
13,292
13,054
11,837
21
22
2,092
-1,576
Reinvested earnings of incorporated affiliates (table 1,
line 50)
1,660
-72
1,199
1,617
2159
-960
-3,677
-3,168
-1,370
-2,986
1,617
1,798
-847
951
-510
-12,978
-5,974
-3,989
-3,694
-3,360
-4,112
-3,482
-2,263
-3,121
-2,092
13,185
11,053
12911
13,168
8,212
10,493
5,544
3,163
3,068
967
2,547
3,988
3,418
2,172
3,055
3,257
3,170
2,801
3,991
2,098
2,442
3,709
2,271
2,455
2,941
1,159
2,366
2,528
2,685
3,230
n a.
7,878
5,438
5,903
8,552
4,987
6,594
9,135
4,661
5,098
3,148
1,353
1,300
125
1,191
2,198
2,127
1,236
1,588
3,152
1,208
1,509
2,310
980
1,129
2,674
1,116
1,162
2,087
1,038
1,078
2,065
1,527
1,729
n.a.
5,414
7,616
5,934
4,634
6,066
6,317
4,033
3,551
5,395
2,395
1,811
1,768
842
1,035
1,155
1,293
463
na.
1,962
1,293
1,681
1,118
1,313
854
1,357
1,790
1,291
937
1,466
105
25
26
Equity and intercompany accounts (table 1, line 49) ...
120
1,288
1,157
1,501
n a.
n.a.
27
28
29
3,450
1524
1,284
2,596
3628
1189
1,939
1,326
168
75
92
-984
2,310
-383
1,785
-220
-269
-1,822
370
-514
1,293
-763
2,087
-1,051
48
955
937
781
626
30
-6,357
-9,470
-7,808
-1,939
-2,144
-3,318
-2,069
-1,789
-2,079
-2,004
-1,936
-1,595
31
3303
890
-1,448
-965
3708
1116
-1,850
-742
827
34
2402
594
996
-812
-261
-188
-469
-399
-302
-302
728
-236
-416
-76
850
-219
-417
-215
899
-226
-515
-158
-884
-294
-460
-129
-1,076
-377
-458
-241
-888
-328
-427
-134
35
-3,955
-6,167
-4,099
-1,283
-1,051
-2,491
-1,342
-939
-1,180
-1,120
-860
-707
36
11,877
13,666
21,301
2,734
4,685
3,011
3,236
2,946
4,540
4,478
9,336
1,037
37
38
7,500
6,501
5762
6,273
511
738
3119
-2,380
999
17,201
16,522
9811
10,714
903
6,711
6782
-71
679
1,451
1,194
1,099
197
291
882
-591
257
3,634
3,309
1,483
1,530
46
1,826
1597
229
325
520
343
40
41
42
43
44
45
7,921
7,261
4090
4,413
324
3,172
3822
-651
660
177
1,895
1,655
2,476
2,609
133
-821
807
-1,628
240
2,007
1,810
1,394
1,446
52
416
958
-542
198
3,360
3,068
1,732
1,850
118
1,336
1,023
313
293
3,358
3,183
2,350
2,479
-129
833
640
194
175
8,475
8,462
4,336
4,939
-603
4,126
4,163
-37
14
331
398
-607
950
-1,557
1,005
759
246
67
46
3,956
6,167
4,099
1,283
1,051
2,491
1,342
939
1,180
1,120
860
707
47
48
-2,037
1,699
-2,622
-3,467
-2,390
-3,613
-3,407
-1,012
-3,388
-857
-411
-671
-859
-247
-1,038
-814
-1,484
-1,020
-937
-248
-884
-893
-167
-730
-973
-424
-681
-736
-330
-938
-805
-92
-1,039
-923
-131
-541
50
51
52
392
693
-1,317
735
941
-1,628
-1,019
-1,067
-1,622
-161
-219
-275
-196
-311
-586
-191
-178
-458
-187
-232
-308
-221
-268
-362
-264
-229
-406
-295
-250
-338
-240
-319
-517
-226
-313
-349
53
54
55
1,645
-1,006
-1,305
2,732
-1,449
-1,985
-2,388
54
-1,766
-696
-192
-396
-664
64
-451
-623
-1,306
-562
-750
-16
-576
-672
101
-369
-710
-195
-276
-441
-80
-600
-565
227
-522
-697
182
-192
56
499
2,667
4,755
-276
2,826
4,950
3,060
4,348
9,794
130
54
1,403
2,178
-290
299
510
-170
580
1,485
271
543
778
534
1,155
1,171
1,240
947
1,300
1,289
5,887
721
-437
589
433
-1,227
763
51
-1,148
444
2,429
270
na.
n a.
n.a
n a.
By industry of affiliate: 3
Income (line 1)
Other
Interest, dividends, and earnings of unincorporated
affiliates (line 2):
Petroleum
23
Other
Reinvested earnings of incorporated affiliates (line 6, or
line 17 with sign reversed)1
Manufacturing
Other
Equity and intercompany accounts (outflows (— )) (line
8):
Other
24
617
1,731
342
365
n.a
na
-788
na
Foreign direct investment in the United States:
Income (table 1, line 27)
Interest, dividends, and earnings of unincorporated
affiliates (table 1 line 28)
32
oo
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). . .
39
Increase 1
Intercompany accounts
US. affiliates' receivables
Reinvested earnings of incorporated affiliates (table 1,
line 67)
By industry of affiliates-
656
207
903
1093
225
222
901
1,035
135
-558
168
-390
3
Income (line 30)Petroluem
Other
Interest, dividends, and earnings of unincorporated
affiliates (line 31)
Other
Reinvested earnings of incorporated affiliates (line 35,
or line 46 with sign reversed)
Manufacturing
Other
Equity and intercompany accounts (inflows (+)) (line
37)Manufacturing
Other
See footnotes on page 61
49
57
58
319
1,284
1,805
46
58
SURVEY OF CURRENT BUSINESS
June
Table 6.—Securities Transactions
[Millions of dollars]
19 30
I
Foreign securities, net U.S. purchases ( — ), balance of
payments basis (table 1, line 51, or lines 6 + 17 below) . .
19 SI
1982
m
II
Al
-4,726
-3,524
-5,429
-777
-1,377
2
SI 7
2142
5
673
64
80
6
881
2322
5
7
S
131
113
516
276
243
103
9
10
11
12
13
750
41
-143
-798
1,806
-467
-510
24
-17
14
-3,999
15
16
3,845
18
19
20
m
-933
-437
-458
-1,511
-618
-2,843
-408
298
139
188
349
17
234
139
188
349
17
234
114
97
78
6
51
120
11
II
IV
V
154
17
I
323
3
IV
Stocks:
Adjustments'
Less recorded in table 1, line 48, as U.S. direct
Plus exchange of stock associated with direct invest-
4
5
80
64
100
247
673
36
848
334
78
673
148
467
283
211
155
65
389
45
-225
115
_4
565
-99
-69
421
24
179
176
241
232
-12
139
45
359
445
-8
74
122
305
198
-59
427
119
-98
402
4
33
95
120
7
1
354
46
172
155
19
97
319
1,323
967
2825
642
787
-42
-458
-1,002
-5,434
105
909
-85
1,202
5,434
105
909
85
103
319
1,323
967
2,825
642
4,458
-796
3,662
3,355
-700
2,655
8,020
-1,184
6,836
1,006
-302
730
487
752
-130
-138
1,132
-130
1,002
-209
543
2,306
-245
2,061
1,675
-409
-1,266
3,287
-321
-2,966
1,362
-247
1,115
21
22
23
24
25
26
Other
686
234
-62
2029
1,886
79
43
322
99
967
816
264
643
325
325
4
216
60
374
624
299
-543
1,513
207
-1,244
77
69
-78
310
-1,516
-1,273
-110
-106
-1,245
-89
27
28
29
1,678
318
105
213
300
90
60
279
135
44
19
-48
Bonds:
Adjustments.
International financial institutions 3.....
200
872
462
1,808
60
7
414
99
200
4,816
297
472
374
Other .
600
349
7
92
80
108
99
134
-109
220
193
-81
777
277
131
350
219
35
694
202
117
707
292
160
60
322
165
120
1245
100
2,528
901
478
1,149
1,232
259
369
96
375
309
72
37
-375
1,354
124
-292
323
178
234
447
202
15
510
627
142
-115
661
226
76
123
97
-530
-2
136
123
112
-28
309
268
389
162
-12
137
102
43
57
-72
134
520
453
30
344
31
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
5-1-12 below)
704
32
33
34
35
-1,065
1,041
-553
134
663
Bl
1,351
5,451
7,109
2
1,679
5,419
3
7
622
203
195
150
100
162
441
145
182
119
-5
-235
3
132
246
-36
156
146
272
-63
42
72
2,435
496
263
2,263
2,419
3,533
761
396
1,363
5,761
2,164
434
167
2,055
1,674
2 969
676
442
977
lose
769
168
260
4232
3,109
796
155
482
4,992
3,594
1,045
118
235
1,996
1,517
-410
430
Stocks:
Treasury basis, net *
Adjustments.
Plus exchange of stock associated with U.S. direct
4
Canada
Other
5
6
7
g
1,050
9
130
241
552
127
91
91
60
719
150
27
55
-532
209
48
84
73
1,905
1,199
1,701
2,914
1,720
301
15
283
309
-36
76
233
317
-32
-41
163
86
-43
276
144
248
82
19
-205
-11
-143
—1
128
66
458
-28
1,309
222
-48
218
773
188
233
717
733
Bonds:
10
5,461
5,040
1,432
1,252
1,512
1,264
2,028
1,485
1,604
-77
305
-977
-4,236
-2,923
-993
-1,040
-1,297
-907
-1,310
-867
-987
240
340
12
13
Investments by international financial institutions 3 in nonguaranteed bonds of U S federally
1,278
11
301
247
1,225
2,117
439
213
272
215
100
357
718
200
618
100
617
60
163
645
155
205
12
51
1
22
1
22
9
146
103
408
517
496
558
185
636
-86
120
163
122
127
165
-55
-41
372
360
See footnotes on page 61
80
89
15
134
942
1,757
284
16
Other transactions in U S bonds ...
87
392
359
195
14
June
59
SURVEY OF CURRENT BUSINESS
Table 7.—Claims and Liabilities on Unaffiliated Foreigners Reported by U.S. Nonbanking Concerns
[Millions of dollars]
1980
(Credits (+); increase in U.S liabilities or decrease in U.S.
assets. Debits (— ); decrease in U.S liabilities or increase in
U S. assets.)
1979
1980
Al
2
3
-3,307
214
-3,093
-3,146
127
-3,019
331
579
910
1 138
391
1,529
-618
608
4
5
6
7
8
9
10
11
12
13
-1,799
1694
-105
1253
-1,080
-435
480
-66
-1,599
-200
-1,401
174
1686
-52
285
122
21
324
142
1,480
-73 -1,002
1 361
932
-61
434
298
1200
-201
124
1150
-1,307
157
166
247
-60
-1,370
54
-1,120
-30
14
15
16
17
18
19
20
21
1,508
-if*
-896
192
-420
1,376
-132
-1,745
-1,727
-18
703
-228
814
-1,727
18
-157
HO
-17
85
-172
Bl
2
3
1,362
1,122
240
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
-354
677
-319
-112
419
173
Line
Claims total
Short-term (table 1, line 53)
Other
Other
Liabilities, total
Short-term (table 1, line 71)
Other
Other
Other liabilities
1981
n
I
1981
m
-10
1982
Amounts
outstanding
Dec 31,
1981
n
m
IV
I
3 148
564
3712
2,470
252
2,218
855
-327
1,182
-508
90
-598
n.a.
n.a.
n.a.
34,990
5,539
29,451
-624
456
168
-64
157
-51
20,018
17,437
2,581
11,014
3,488
6,060
7,066
1,938
14,307
5,711
IV
I
405
2 403
656
702
-46
27
-63
76
626
3
828
-172
291
527
-236
175
281
20
316
-200
514
-223
1 198
-1,608
410
-347
323
-109
933
82
1422
224
2331
-2,347
16
-1,531
113
-1,554
1 228
428
2436
105
2,148
2,070
78
1,479
908
542
725
56
2,048
100
633
6S1
-48
440
303
151
201
-8
799
166
70
-709
85
n.a.
n.a
n.a.
n.a.
n.a.
n.a.
n.a.
n.a
n.a
n.a
666
-632
34
-96
239
-331
603
-63
114
95
19
85
10
19
92
22
-1,205
1 205
26
183
12
15
-3
20
26
-34
-27
39
712
-25
468
-1,189
16
-817
720
-97
673
-118
26
-738
79
322
300
22
385
-139
76
349
27
222
234
-12
191
164
133
248
-26
116
46
70
12
79
183
167
-51
n.a.
na.
n.a.
n.a.
n a.
n.a
n.a.
na
14,972
14,486
486
8,043
1,938
4,991
13,880
1,092
6,530
223
6,307
534
1,768
-1,234
217
70
287
1,572
782
790
1,194
187
1,007
3,547
-676
4,223
147
976
-829
162
14
-176
1,006
261
745
-457
517
-974
n.a.
n.a.
n.a.
30,779
6,107
24,672
1,116
1,362
-21,6
980
296
217
-81
3,650
3,148
502
2,022
1,309
1,526
102
-63
287
-350
252
-691
63
126
548
577
-29
203
203
316
29
501
122
379
686
161
-621
123
-81
53
-134
-202
12
-29
150
2,682
2,396
28S
1,335
933
1,301
46
371
511
-140
-40
-105
259
152
-92
209
-301
-207
246
131
-16
1,011
1,145
-134
1,405
1,056
-423
29
-1,353
-1,578
225
-1,410
1396
96
39
n.a.
n.a.
n.a
n.a.
na.
n.a.
11,073
8,640
2,424
7,688
3,082
2,479
906
246
2,880
2,247
633
1,630
1,114
136
1,264
1,616
597
865
268
1,357
426
-1,186
-1,171
1,768
-331
-268
-63
-77
-95
-159
-219
-112
1,071
644
427
422
284
365
93
978
1,275
1,378
-103
817
306
152
267
1,008
865
493
372
468
619
-222
1,123
-258
-224
33
191
-211
569
556
-538
314
-70
209
-279
305
118
-493
36
-106
5
233
-238
446
852
-1,303
-992
987
896
456
440
817
25
54
323
573
na
n. a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
19,706
18,682
1,024
7,984
8,144
3,578
10,701
9,005
em
; 100
310
715
410
2813
TI.O.
See footnotes on page 61.
Table 8.—Claims on Foreigners Reported by U.S. Banks
[Millions of dollars]
1980
(Credits (+); decrease in U.S. assets. Debits (-);
increase in U.S assets.)
Other
By type
On own foreign offices
Of U.S.-owned banks . .
Of foreign-owned banks in the United
States
Of which denositH
On other foreigners
Banks' claims for domestic customers' acNegotiable and readily transferable inCollections
outstanding
and
other
Payable in foreign currencies
Banks' claims for domestic customers' acOf which deposits
Memoranda:
Claims on foreign public borrowers (incl in
line 15 above):
Claims on all other foreigners (incl. in lines
16+18 above):
Long-term
U.S banks' dollar acceptances payable by forSee footnotes on page 61
1981
-26,213
-46,838
-84,531
2
3
4
5
6
7
8
9
By area:
1980
1
Total (table 1, lines 54 & 55)
1979
-13,906
-10,092
2,335
241
-14,883
-11,436
-2,795
-99
-14,255
-2,812
-16,845
1,746
-13,992
-8,870
-4,346
-303
10
11
12
13
-27,243
-18,398
-5,823
3,413
14
15
16
17
18
Line
1982
1981
Amounts
outstanding
March
31, 1982
11
HI
IV
I
II
ni
IV
I"
-1,203
-20,165
-12,440
-13,030
-11,634
-14,998
-15,254
-42,645
-34,685
328,217
-34,079
-16,094
-19,503
-2,259
-28,690
-22,421
5028
-705
-3,439
1,235
1,638
373
225
518
110
-103
-9,186
-5,616
-6,910
258
-4,327
-1,905
2499
21
1,606
3,110
-8,770
-1,059
-4,217
-2,903
-1,199
-131
-3,236
-1,541
-2,803
-1,318
-5,673
-4,580
758
-90
-8,481
-3,522
-4,275
73
1,195
107
908
45
-7,361
-4,094
-2,907
172
-4,902
-1,822
-2,978
79
-5,065
-3,334
-4,836
-98
-5,255
-4,388
-534
-280
-13,172
-5,144
-7,485
-2,260
-19,728
-16,318
-2,424
-549
-16,143
-9,349
-6,466
3,474
-8,602
-7,407
-1,296
-282
135,698
54,257
73,191
16,237
103,091
74,145
23,881
2,463
-44,668
-38,650
-17,656
-12,789
-83,679
73,524
-31,256
20,743
-371
2,126
1,399
2,012
-20,324
-17,749
-10,241
-7,176
-12,313
-11,982
-5,610
-6,254
-11,660
-11,045
-3,204
1,371
-12,193
-7,244
-9,836
-7,026
-15,684
-13,695
-4,641
-894
-14,974
-13,305
-8,591
-7,381
-40,828
-39,280
-8,188
-5,442
-34,096
-25,943
-4,821
-5,217
321,485
276,079
101,428
59,294
-9,236
-5,592
-445
845
-6,538
-4,867
-4,945
-9,240
-1,979
-6,809
-10,513
9,755
19943
-11,281
-12,570
-613
79
1,379
772
-731
-3,065
-357
4302
-1,020
-2,849
644
-3,095
2112
689
-1,165
-1,833
-1,572
4205
-1,042
-2,064
-2,810
21
3,703
991
-1,090
-3,747
-1,754
-5,891
1996
-1,409
-1,210
-2,074
-3,221
-1,745
581
-2,746
-5,906
-14,534
-8,531
-10,652
396
-2,439
13531
6825
-5,'l52
42,134
33,369
86,993
28,818
54,289
19
20
-8,845
-475
-6,018
71
-10,155
-326
-2,497
-253
-2,575
298
-331
-171
-615
197
-4,949
38
-1,989
251
-1,669
229
-1,548
-386
-8,153
134
45,406
1,512
21
-7,704
-2,474
-9,351
-1,663
-2,682
2,184
-313
-3,879
-3,485
-1,632
-455
-6,576
32,328
22
23
24
25
-666
1,030
1,252
800
-3,615
-2,170
-1,787
1513
478
-852
844
-814
581
-832
353
-218
191
159
-102
122
2,344
-127
—329
79
-499
-1,370
-1,003
-1,338
-1,108
559
41
810
1,245
686
589
271
92
-280
-379
-359
-707
-1,817
1095
994
-1,443
-589
-616
-578
11,566
6,732
5,789
3,979
26
27
-222
-148
383
-474
8
615
-479
-370
261
338
202
91
-367
-533
518
581
97
61
99
-35
722
8
27
28
943
38
28
29
-2,975
-2,600
-1,781
-2,803
-5,331
3829
-222
421
-80
414
-1,050
1709
-429
1101
-36
508
-744
-997
-1,388
1222
-3,163
-2,118
-1,337
909
16,910
15,983
30
31
-2,765
4206
-1,382
14,709
-9,306
-24,675
-91
622
100
-7,414
-419
-2,585
-972
-5,332
-531
2,302
-866
-6,866
-685
-1,518
-7,224
18,593
-2,450
-15,453
24,799
115,812
32
-2,991
-4,694
-6,874
-2,123
-2,232
-1,058
719
-1,718
-3,048
-184
-1,924
-709
30,273
I
June
SURVEY OF CURRENT BUSINESS
60
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]
19 SO
(Credits (+); increase in foreign assets Debits
(—X decrease in foreign assets )
Foreign official assets in the United States, net
(table 1 line 57)
Line
1979
19 81
1982
Amounts
standing
March
31, 1982
1981
1980
I
II
III
IV
I
II
III
IV
V
Of foreign-owned banks in the
United States
Other
Payable in foreign currencies
Banks' custody liabilities, payable in
U S. liabilities reported by U.S. banks
Banks' liability for own account, pay-
Other
Banks' custody liabilities, payable in
dollars12
Other private foreign residents and unallo-
U.S liabilities reported by U.S. banks
Banks' liabilities for own account, pay-
Other ..
Bank's custody liabilities, payable in
dollars12.
Memorandum:
Negotiable certificates of deposits held for
See footnotes on page 61.
7 678
5 361
2 861
5 835
8 119
3 173
177 449
2
3
-22,435
20005
19749
256
1,696
4 129
3,246
880
9,708
8577
8577
4,983
-3,848
3848
-5,357
4,869
4869
4,360
3,110
3110
3,794
3454
3454
6,911
6882
6882
7,242
4249
4249
-2,063
2,768
2768
-4,635
7538
7538
4,439
2209
2209
-1,347
5341
5341
114,941
47048
47 048
3,865
2734
2734
11,695
2864
-2,864
116
604
604
2,080
830
1,040
700
700
629
600
600
3353
360
360
3,703
800
800
2,842
612
612
4,494
500
500
56603
11 290
11290
10
463
2187
1,289
801
250
549
587
454
536
545
246
296
8741
11
73
561
69
27
506
90
172
55
48
337
275
305
12775
12
7,213
-159
-4,083
-3,198
1,676
1,823
-3,109
-2,028
-2,382
3,436
-1,441
24,866
6,127
1281
466
899
562
129
-3,650
870
-653
2,127
1,776
1,113
1,859
1278
2,715
1,531
273
390
2,048
685
906
1827
640
490
4356
-1,187
1,053
549
683
577
4
85
2,205
595
266
501
15141
2347
4692
8102
307
100
225
360
851
180
3,145
2,896
2,665
452
18
1086
1,135
1,465
Bl
37,567
13,388
44,194
9,899
5,780
18150
14006
1808
3565
13,068
22,527
141
6,996
1,462
7,455
1,787
49
151
457
3039
4,571
1323
38
6121
2980
886
4227
826
-317
30414
122
30,292
30,194
30,673
26507
12,436
9902
200
9,702
8,960
7,158
4854
2751
36769
1,044
35,725
32,880
32,928
27,869
21,835
7361
253
7,108
6,591
6,115
5,083
4,773
5526
-82
-5,444
-5,131
5,459
7824
8,784
14
15
16
17
18
14071
4166
2027
960
2365
-479
6,034
5059
2,576
6,917
718
-48
310
19
7605
2304
904
36
1364
1,802
-113
1,033
476
98
742
2845
517
313
38
200
99
299
826
688
153
841
1,462
1,372
457
1086
-317
1 110
25
-162
-138
1 084
90
1 031
-629
949
2059
793
203
242
194
113
66
63
116
27
105
461
30
41
104
-104
31
32
33
34
35
7 115
4638
4 312
3133
5963
516
36
3 674
2,477
1,873
1 168
1,179
2,228
1889
5,447
37
U.& Treasury bills and certificates
U S. liabilities reported by U S. banks
Banks' liabilities for own account 1
7 541
26
By type:
7644
21
22
23
24
By area
7421
20
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)
4785
7
Other foreign official assets (table 1, line 63) .
15 442
2
3
4
5
6
Banks' custody liabilities, payable in dol-
13 697
13
Other U.S. Government securities (table 1,
line 60)
Other U.S Government liabilities (table 1,
line 61)
U.S. liabilities reported by U.S. banks, not
included elsewhere (table 1, line 62)
Banks' liabilities for own account, payable
Al
4
5
6
7
8
g
By area: (see text table B)
By type:
U.S. Treasury securities (table 1, line 59)
1927
1,174
14
15
16
17
8
9
10
11
12
13
27
28
29
goo
1901
71
66
198
97
867
288
1032
112
55
-307
-830
824
1,524
-79
920
328
-460
457
36
219
1,616
1,797
1 092
1,092
-427
743
433
692
491
-387
1601
647
523
721
90
469
1493
829
974
215
216
9725
16,126
638
8,631
2,403
8,413
16,470
21,714
26,601
209,256
830
2,047
1703
108
644
3717
1217
3144
875
2323
3334
556
679
157
2483
4,543
287
1,154
-54
4797
9,164
310
3074
255
3465
12,154
720
3447
1,928
13203
11715
102
2385
804
94290
64456
7849
35229
7,432
7071
261
6,810
6,361
5,364
4114
671
3778
203
-3,981
-4,174
3,685
1827
175
6467
328
6,139
6,260
6,527
7,228
3,842
16088
269
15,819
15,221
15,375
13,706
10,251
17992
244
17,748
15,573
14,711
8,762
7,567
23 130
530
22,600
23,643
22,991
11776
13,957
162 051
2,213
159,838
150,849
146,458
108 347
56856
3,443
1250
1,199
295
244
997
2,002
1858
1,623
621
856
-489
3,386
701
1,063
-577
1,187
-267
3,455
1,669
1,569
147
-47
-154
1195
5949
3,585
6,726
2,808
862
2181
11215
2352
9,715
3852
652
51491
38111
9263
18,316
10532
4,391
89
449
193
121
598
2175
1043
8989
644
491
790
299
322
173
61
112
157
411
79
332
-54
21
-44
23
255
497
193
304
1,928
1479
-153
-149
-568
-33
242
1033
'449
804
561
432
129
7,432
5494
109
5 385
1,938
359
37
150
41
20
18
112
63
98
8
43
25
-15
31
240
13
-2
229
191
53
85
223
448
996
-232
1,228
1,139
1,138
3481
589
2,892
2343
1,931
-67
345
1
322
783
446
1766
-243
61
6
516
42
9
410
6
15
28
-322
332
206
112
418
-96
201
209
-52
1,490
2081
1,961
63
-79
231
152
286
445
107
338
1882
1532
1,025
2000
443
86
529
637
218
86
801
4275
1,155
84
1,071
1 168
120
776
133
643
1794
435
358
142
-159
1,076
756
1,557
1 105
855
-12
495
292
983
1011
1,231
721
268
921
15
5,383
180
6,250
687
1,285
1,282
92
177
100
66
141
806
219
209
143
96
3,120
39773
11,402
782
7,521
•3099
28,371
1,119
3,384
439
3,864
41
25,055
4749
19,827
479
485
44
255
784
2,279
168
840
476
72
497
2,420
259
2,564
115
41
550
5
64
132
353
133
93
255
326
134
141
264
3316
42
23
239
474
253
536
1044
16
1059
300
795
1080
668
8816
38
39
40
845
402
680
132
68
212
606
-279
370
656
43
97
177
77
128
99
Footnotes to U.S. International Transactions Tables l-10a
General notes for all tables 'Preliminary. 'Less than $500,000 (±). n.a. Not Available.
Table 1:
I. Credits, +: 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 reserve assets
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 vanous 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, 1982, were as follows in millions of dollars:
line 38, 29,944; line 39, 11,150; line 40, 4,306; line 41, 6,367; line 42, 9,121
5 Includes sales of foreign obligations to foreigners.
6 Consists of bills, certificates, marketable bonds and notes, and nonmarketable convertible
and nonconvertible bonds and notes
7. Consists of U.S Treasury and Export-Import Bank obligations, not included elsewhere, and
of debts 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 investments 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 short- and
long-term liabilities is discontinued.
II. Conceptually, the sum of lines 79 and 74 is equal to "net foreign investment" in the National Income and Product Accounts (NIPA's). However, the foreign transactions account in the
NIPA's (a) includes adjustments to the international transactions accounts for the treatment of
gold, (b) excludes capital gains and losses of foreign affiliates of U.S. parent companies from the
NIPA's measure of income receipts from direct investment abroad, and from the corresponding
income payments, and (c) beginning with 1973-IV, excludes shipments and financing of military
orders placed by Israel under Public Law 93-199 and subsequent similar legislation. Line 77 differs from "net exports of goods and services" in the NIPA's for the same reasons with the exception of the military financing, which is excluded, and the additional exclusion of U.S. Government interest payments to foreigners. The latter payments, for NIPA's purposes, are excluded
from "net exports of goods and services" but included with transfers in "net foreign investment."
A reconciliation table of the international accounts and the NIPA's foreign transactions account
appears in the "Business Situation" in this issue of the 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 aircraft originally reported in 1970-III in line 3 as a longterm lease to Australia
13. Includes extraordinary U.S. Government transactions with India See "Special U S Government Transactions," June 1974 SURVEY, p. 27
14. The maturity breakdown is available only on the limited basis shown in table 7
15. 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 7
Table 2:
For footnotes 1-11, see table 1.
12 See footnote 14 to table 1.
13. See footnote 15 to table 1.
14 See footnote 16 to table 1
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 for
1974-81 For all prior years and 1982, imports reflect Customs values (See Technical Notes, page
— ) The unadjusted figures for exports and imports shown in lines Al, A10, Dl, and D56, are as
published by the Census Bureau, as are the seasonally adjusted figures in lines Al and A10;
Census data are adjusted to include trade between the U.S. Virgin Islands and foreign countries
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 in the June 1980
SURVEY).
2 Beginning in 1970, adjustments in lines A5, A12, 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 in 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 A6), and direct imports by the Department of Defense and the Coast Guard (line
A13), 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 sum 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 inland freight on U S merchandise imports from Canada; 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 found to have been shipped in another; and coverage adjustments for special situations in
which shipments were omitted from Census data.
7. Annual and unajusted quarterly data shown in this table correspond to country and area
data in table 10, lines 2 and 18, except that trade with international organizations, namely, purchases of nonmonetary gold from the IMF and transfers of tin to the International Tin Council
(TTC), 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 Zealand, and South Africa; Members of OPEC: Venezuela, Ecuador, Iraq, Iran, Kuwait, Saudi Arabia,
Qatar, 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, the IMF and the ITC. Prior to 1973, "Western Europe excluding EC (9)" includes Denmark
and Ireland. Beginning in 1981, EC (9) becomes EC (10), including Greece.
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 $1,562 million in 1980, and
$1,842 million in 1981, has been largely corrected in line C24
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.
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, section
4 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.
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 to the Department of Defense (on military sales contracts)
financed by loans extended to foreigners by U.S. Government agencies and (b) the contraentry for
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 "Other" industries includes mining; trade; banking; finance (except banking), insurance, and real estate; agriculture, forestry, and fishing, construction; transportation, communication, and public utilities; and services.
Table 6:
1. As published in Treasury Bulletin. Treasury data are based on transactions by foreigners reported by banks and brokers in the United States; net purchases by foreigners (+) correspond to
net U.S. sales (+)
2. Redemptions 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 nonscbeduled 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 (IDE).
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
Table 7:
1. Consists of Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
2. Mainly in the Bahamas and Carman Islands.
3. Based on data for Ecuador, Venezuela, Indonesia, and other Asian and African oil-exporting
countries.
Table 8:
1 Consists of Western Europe, Canada, Japan, Australia, New Zealand, and South Africa
2. Mainly in the Bahamas and Cayman Islands
3 Based on data for Ecuador, Venezuela, Indonesia, and other Asian and African oil-exporting
countries
4. Includes central governments (central banks, departments, and agencies), state, provincial
and local governments, and international and regional organizations.
Table 9:
1. 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.
2. Mainly negotiable and readily transferable instruments; excludes U.S. Treasury securities.
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 oil-exporting
countries.
6. 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 (IDE), and the Trust Fund of the International
Monetary Fund.
7. 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 transferabihty.
8. Valuation of foreign currency indebtedness based on market exchange rates at end of month
Table lOa:
For footnotes 1-9, Bee 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
Table 10:
For footnotes 1-9, see table 1.
10. See footnote 11 to table 1.
11. The "European Communities (9)" includes the "European Communities (6)," the United
Kingdom, Denmark and Ireland. "European Communities (10)" reflects the admission of Greece
hi 1981
12. The "European Communities (6)" includes Belgium, 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.
61
62
SURVEY OF CURRENT BUSINESS
June
Table lOa.—International Transactions, by
[Millions of
Belgium-Luxembourg
(Credits +; debits -) '
1980
1979
France
1981"
Germany
1980
1979
1981"
1979
1981"
1980
1
Receipts of income on U.S. assets abroad.
7,030
8,537
7,371
8,261
10,828
9,917
14,013
16,213
15,068
2
3
4
5
6
7
8
9
10
5,223
187
48
19
83
201
11
36
2
6,673
302
60
28
111
311
21
43
1
5,687
321
64
29
137
285
26
49
1
5,633
4
180
124
228
295
54
120
11
7,539
14
216
150
288
365
50
151
8
7,385
13
235
161
318
324
130
148
9
8,694
294
440
159
455
464
109
131
16
11,449
448
500
190
547
598
113
139
8
10,531
438
557
196
565
369
102
160
16
11
12
13
14
15
979
237
742
237
4
638
267
371
344
5
201
109
92
563
8
972
409
563
630
10
1,253
367
886
786
8
111
391
-280
1,072
11
2,898
1,445
1,453
258
95
1,864
1,354
510
292
65
1,036
802
234
365
733
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-3,792
7105
-8,037
-8,842
18,775
20001
-20,162
18
19
20
21
22
23
24
25
26
-1,740
-70
-50
-58
-92
10
-6
17
-24
-1,912
-96
-44
-73
-75
12
-7
21
-28
-2,281
132
-45
-90
-85
8
-7
21
-22
4783
-54
355
-211
121
-19
17
-83
-73
-5,262
46
-383
-229
-140
23
23
127
94
-5,839
41
-375
-283
-149
-36
27
-109
121
10953
-2,637
-283
-306
-562
-123
40
-199
69
11692
-3,023
322
-312
636
130
-46
150
-69
-11,389
3268
-361
-386
-639
-30
32
-183
68
-162
1
-161
-255
71
-303
O
-303
-327
109
-337
-129
-208
-441
323
-247
124
-123
519
-623
-234
-94
140
-677
799
-87
-204
117
-824
951
-231
-93
138
-412
-2,960
-45
120
75
-522
-3,054
-136
-71
65
-529
3141
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
33
34
35
36
-9
-13
-15
-46
-45
-44
526
740
645
-5
4
-6
7
-6
9
-20
-26
-24
21
-26
18
-133
659
-116
856
-147
792
37
U.S. Government pensions and other transfers
n.a.
3,007
32
Unilateral transfers (excluding military grants of goods and services), net
n.a.
-2,555
27
28
29
30
31
Payments of income on foreign assets in the United States.
16
17
Transfers of goods and services under U.S. military grant programs, net
-1,174
1,391
-1,176
-535
2248
64
684
-6,364
-2,038
1,890
-5,159
-1,708
(*)
1,890
-5,159
1,708
-17
47
6
-35
-59
24
(*)
1
30
3
14
-13
14
16
12
-9
Eouitv and intercomDanv accounts
Rpi <=>Rt H rninffsof c
rated affil' tea
-604
869
-306
-563
-21
-2,284
-1,244
358
886
-167
29
201
79
280
21
1,207
-882
571
-1,453
5
1,235
1584
1074
-510
38
-333
525
-291
234
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns'
U.S claims reported by U.S. banks, not included elsewhere:
116
-561
368
-88
179
20
-944
402
-312
-619
-232
132
165
630
1,954
3,528
589
1,593
-6,533
-3,187
(")
(")
(")
(")
(")
(")
(")
(*)
0
C)
43
44
45
46
Gold
38
39
40
41
42
16
-1
8
9
-58
-61
9
-6
-26
69
36
11
-37
68
1
47
48
49
50
51
-1,190
-1,079
-337
-742
-61
-1,333
-471
100
371
-203
-1,150
58
150
92
-416
-44
-193
152
~6
15
-466
2,119
(")
52
53 }
54
55 )
56
Other '
U S. liabilities reported by U.S. banks, not included elsewhere
57
58
59
60
61
62
63 }
1
"
2
-27
39
2
9
2
-325
-226
-107
<">
(")
(")
(")
(")
(")
(")
(")
(")
260
99
161
(")
-106
353
50
303
(")
-200
251
43
208
(")
76
313
190
123
(")
193
667
527
140
(")
619
2,878
2,995
-117
(")
905
2,015
1,877
138
(")
-162
254
-179
75
(")
382
1,661
1,596
65
(")
820
99
110
-91
182
391
250
168
257
173
"-240
"1,883
"355
1,264
" 1,842
-103
"-6,692
"-5,388
75
3,307
-6,245
3,018
2,529
-4,026
1,556
1,959
15,945
9,674
76
77
78
79
3,483
4,475
4,466
4,466
4,761
5,530
5,517
5,517
3,406
3,579
3,564
3,564
850
1,156
1,110
1,110
2,277
2,791
2,746
2,746
1,546
1,075
1,031
1,031
-2,259
-4,762
-4,236
4,236
-243
-3,788
-3,048
-3,048
858
-5,094
-4,449
-4,449
64
65
66
67
68
69
U S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns:
U.S. liabilities reported by U S. banks, not included elsewhere
Statistical discrepancy, and transfers of funds between foreign areas, net
Memoranda:
See footnotes on page 61.
7
70
71 j
72
73 |
74
11
11
-3,446
11
June
SURVEY OF CURRENT BUSINESS
63
Selected Countries (published annually)
dollars]
Netherlands
Italy
1979
1981 p
1980
Venezuela
Mexico
1981p
1980
1979
1979
1981p
1980
Australia
1981 '
1980
1979
South Africa
1981p
1980
1979
Line
1981p
1980
1979
6,387
8,223
7,596
9,344
10,812
10,313
14,355
21,544
27,462
5,239
6,401
7,920
5,633
6,737
8,206
2,121
3,577
3,993
4,459
36
84
64
174
244
60
62
7
5,606
44
96
80
227
286
58
70
2
5,412
26
96
83
228
273
66
84
2
6,334
97
97
11
303
323
33
81
4
7,454
385
108
17
409
318
27
81
2
7,401
431
118
20
413
346
27
108
2
9,931
2
1,975
15,231
1
2,522
18,207
3
3,828
3,970
5
4,574
9
5,441
12
2,915
500
626
721
215
251
44
384
9
5,118
360
202
175
188
273
39
115
2
2,464
233
194
30
342
12
4,051
322
190
160
170
225
34
95
1
1,417
158
113
24
289
3
3,482
82
f 160
134
I 136
181
26
88
2
30
4
84
55
17
36
1
32
2
98
77
38
2
123
84
26
132
1
925
289
259
13
1,298
521
777
440
16
438
392
46
863
1,853
1,309
544
148
10
1,232
870
362
207
8
843
232
611
968
49
1,167
274
893
1,755
1,302
398
904
3,145
74
1,099
675
424
233
10
1,217
718
499
262
10
1,355
766
589
368
11
365
124
241
112
25
1,934
790
1,144
116
H
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-6,553
-7,213
-12,268 -16,383
-18,264
-5,731
-6,006
-6,344
-2,641
-3,143
-3,301
-2,743
-5,204
-14
-5,314
-14
-5,563
-15
-165
-213
-214
-2,163
-26
-95
-59
-141
,
-2
-1
-26
-25
-2,507
-37
-144
-65
-188
-3
-1
-25
-25
-2,458
-38
-210
-94
-196
C)
-1
-25
-23
-2,617
_1
-30
-20
-38
(*)
C)
-11
-11
-38
-30
2
2
()
'
-11
-63
-36
-33
-3
-69
-151
-6
636
-6,981
-6,518
-7,545
-5,408
t
57
-4,923
-495
-300
-144
-200
2
-5
-56
-25
-4,309
-558
-360
-156
-251
4
-4
-64
-26
-5,181
-666
-301
-180
-260
5
-4
-67
-26
-1,850
-61
-71
-240
-169
-14
-12
-11
-10
-1,895
-63
-95
-270
-182
-6
-12
-3
-11
-2,348
-8,801 -12,584 -13,767
-62
-2
-1
-1
-75 1
-347 J -2,460 -2,564 -2,880
-207
-125
-153
-158
-14
-1
-2
-2
-11
-1
-2
-1
-21
-485
-550
-624
-51
-10
-35
-52
-27
-22
-5
-352
-456
-45
-34
-11
-366
-383
-18
-35
17
-495
-352
-2,387
-620
-1,767
-340
-243
-3,360
-1,162
-2,198
-402
-254
-3,346
-1,316
-2,030
-448
-324
-3
3
-355
-3
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-193
-190
-11
-13
—6
-140
-44
-203
— 19
-154
-12
— 12
-128
-53
-30
-7
-6
-5
-1,112
-2,961
-2,013
-1,554
-1,615
-5
15
30
25
21
209
214
143
156
-13
576
9
108
48
60
833
12
288
121
167
1,206
13
23
108
1
667
i
2
3
4
5
6
7
8
9
10
493
251
242
179
11
12
13
14
15
n.a.
n.a.
16
-3,454
-2,587
17
-3,320
-1
-11
-27
-44
C)
-1
-9
-12
-2,445
-1
-8
-31
-48
C)
C)
-8
-10
18
-1
(*)
-1
-19
-9
-2
(*)
-2
-27
-7
27
28
29
30
31
229
438
105
19
20
21
22
23
24
25
26
-3
-6
3
-330
-15
-14
-15
1
-426
-25
-15
-16
1
-505
-32
-30
-30
(*)
-468
-3
1
-4
5
-776
-5
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
32
-348
-354
-13
-133
-208
-14
-12
-15
-24
-36
-30
-9
-9
-14
-7
-6
-302
— 17
-96
-189
-2
-12
-2
-10
-2
-18
-7
-17
-8
-28
-10
-1
-1
-20
-8
-8
-1
-13
33
34
35
36
-949
-4,768
-5,622 -11,194
-1,197
-876
-2,035
-343
-967
-1,220
328
-428
-948
37
-4
-7
3
— 12
-114
-222
-38
-35
-8
-47
38
39
40
41
42
-178
—221
42
1
-102
154
51
1
25
4
35
30
3
29
-4
27
-23
33
2
-86
154
68
C)
-1,144
-679
-43
-636
4
-2,783
-1,030
-253
-777
21
-1,911
-34
12
-46
13
-1,579
-1,647
-503
-1,144
-123
-1,619
-1,221
-677
-544
-298
-984
-630
-268
-362
-55
-4,682
-828
-217
-611
26
-236
17
-115
19
1
1
-188
-442
-233
-1,791
-1,775
172
-101
-300
-3,692
-118
85
-420
2,949
4,143
4,360
932
32
- 1
()
"
()
"
-19
()
"
236
90
()
*
— 14
36
22
()
'
-18
38
20
C)
40
—73
34
-1
28
10
40
-2
5
21
21
5
—77
96
15
4
4
()
*
3
-5,454 -11,048
-1,464
-936
-571
-32
-893
-904
-6
-272
-1,183
-12
-25
13
-15
-858
-73
-13
-60
64
-1,995
-265
-98
-167
13
-371
-551
-127
-424
24
-972
-485
14
-499
16
-1,143
-628
-39
-589
33
324
-77
164
-241
-4
-428
-432
6
-438
1
-951
-293
-51
-242
-60
47
48
49
50
-14
-38
-60
-23
-39
-68
-62
-26
-46
6
52
53
-3,542
-9,826
-1,118
-789
-1,720
195
-435
-486
431
49
-604
407
2,840
321
-818
1,094
180
463
150
58
137
229
-168
248
80
C)
-146
()
"
()
"
()
"
()
"
-18
19
190
-55
-23
C)
(*)
55
-3
()
"
()
"
()
"
()
"
()
"
()
"
()
"
()
"
()
"
-35
5
()
"
-8
139
128
11
()
"
1
-185
-168
-17
()
"
11
2,522
755
1,767
()
"
-71
4,167
1,969
2,198
()
"
-268
3,732
1,702
2,030
()
"
108
8
11
-3
()
"
-20
-17
-3
()
"
20
19
24
-5
()
"
-3
-9
-6
-3
()
"
-16
-90
148
21
456
-106
152
181
51
51
"29
"-185
"-286
"-148
"405
"391
"734
"356
2,017
1,361
2,585
-5,319
-6,776
-6,498
2,051
-464
-594
1,297
1,705
1,521
1,515
231
51
-133
-152
4,484
3,936
3,924
3,924
5,559
4,259
4,248
4,248
5,053
3,100
3,087
3,087
1,130
2,087
-30
1
-775
-787
()
"
9
1,802
1,785
()
"
()
"
()
"
()
"
()
"
4
3
43
44
45
46
51
(54
[55
56
[57
J 58
1 59
I 60
61
62
63
()
"
()
"
-6
30
198
21
C)
1
-4
()
"
()
"
()
"
()
"
()
"
()
"
()
"
()
"
-3
-2
-1
()
"
-1
-2
-1
-1
()
"
16
64
64
(*)
()
"
14
6
8
()
"
46
238
235
3
()
"
—46
3
3
(*)
()
"
3
10
9
1
()
"
(*)
21
19
2
()
"
20
14
_7
53
116
-15
33
16
79
"2,718
"329
"-822
"1,057
"-143
"266
"263
'19
"110
"133
72
73
74
402
-490
1,328
1,311
-620
-2,805
-3,054
-3,805
245
177
-673
75
2,647
5,161
4,825
4,813
4,440
9,198
8,857
8,844
-1,234
-492
-506
-506
-740
395
383
383
-122
1,576
1,561
1,561
1,319
2,992
2,968
2,968
1,544
3,594
3,558
3,558
2,660
4,905
4,875
4,875
-1,200
-622
-631
-631
-856
470
1,406
1,392
1,392
76
77
78
79
()
"
-290
()
"
()
"
()
"
64
8
123
114
114
65
66
67
68
69
170
171
June
SURVEY OF CURRENT BUSINESS
64
Table 10.—U.S. International
[Millions of
Western Europe
(Credits +; debits -)'
Exports of goods and services 2
Merchandise, adjusted, excluding military 3
Transfers under U.S military agency sales contracts
Travel
Passenger fares
Other transportation
Fees and royalties from affiliated foreigners
Fees and royalties from unaffiliated foreigners
Other private services
U.S Government miscellaneous services ..
Receipts of income on U S assets abroadDirect investment
Interest, dividends, and earnings of unincorporated affiliates
Reinvested earnings of incorporated affiliates
Other private receipts .
U.S Government receipts
Line
1979
European Communities
(9)"
1980
1981
1979
1979
1981
1980
United Kingdom
EC (10)'
1980
1981
1
88,601
106,276
105,740
69,791
83,961
83,417
22,016
25,857
28,302
2
67,603
2,442
1,942
1,034
3,689
3,176
467
1,183
65,090
2,782
2,152
1,178
3,859
3,035
590
1,315
100
42,474
830
1,273
661
2,213
2,376
376
682
104
53,466
1,714
1,506
9
10
54,177
1,375
1,667
834
3,157
2,646
456
913
158
51,351
1,954
1,697
974
2,896
2,719
491
1,002
77
10,686
182
375
248
703
749
102
224
56
12,818
303
469
315
846
765
105
352
43
12,419
353
535
430
817
832
128
354
45
11
12
13
14
15
17,086
6,459
10,627
5,559
574
15,995
11,874
729
,4
4,625
12,348
1,418
14,041
5,210
8,831
4,536
226
12,820
6,945
5,875
6,589
203
9,004
5,353
3,651
10,284
968
5,765
1,923
3,842
2,843
85
5,412
3,045
2,367
4,339
90
5,412
256
,6
2,846
6,874
103
4
5
6
7
8,385
7,610
8,029
629
823
2,739
2,780
384
870
Transfers of goods and services under U.S. military grant programs,
net
16
103
127
-1
Imports of goods and services
17
-74,692
-86,767
-96,632
-58,528
-66,536
-75,927
-15,917
-20,514
-24,961
18
19
20
21
22
23
24
25
26
-41,826
-4,611
-2,842
-2,414
-3,193
-407
-201
-928
-445
-47,255
-6,413
-3,021
-2,682
-3,381
-582
-194
-1,046
-470
-52,873
-6,485
-3,123
-3,344
-3,578
-545
-193
-1,061
-480
-33,228
-3,881
-2,054
-1,779
-2,224
-283
-176
-780
-258
-36,097
-4,530
-2,259
-1,990
-2,456
-414
-174
-852
-281
-41,424
-5,567
-2,429
-2,531
-2,679
-354
-176
-8,009
-507
-826
-703
-812
-102
-93
-398
-50
-9,848
-691
-903
-824
-901
-224
-80
-473
-46
-12,746
-815
-952
-1,001
-950
-247
-93
-454
-54
27
28
29
30
31
-4,379
-1,658
-2,721
-6,844
-6,603
-5,758
-2,386
-3,372
-9,168
-6,799
-5,561
-2,686
-2,875
-11,755
-7,634
-3,908
-1,341
-2,567
-4,728
-5,229
-5,359
-2,039
-3,320
-,0
649
-5,715
-5,132
-2,280
-2,852
-8,111
-6,304
-845
-478
-366
-,9
270
-782
-1,368
-623
-745
-,7
404
-1,081
-1,199
-520
-678
-5,270
-1,182
U.S. military grants of goods and services, net....
32
-102
-103
-127
1
1
-35
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
...
33
-73
57
35
435
722
440
217
292
260
34
35
36
-169
-532
628
-281
-560
-182
-644
861
-16
-375
826
-7
-386
1,114
-23
-484
947
-55
272
-61
353
-62
323
-26,320
-28,874
-27,329
-21,463
-23,553
-22,805
-16,087
-8,032
-15,839
496
-6,139
-779
C)
1,889
-5,160
-1,707
(*)
-1,708
146
-180
-337
159
133
-49
174
Merchandise, adjusted, excluding military3. _
Direct defense expenditures
Travel
Passenger fares
Other transportation
Fees and royalties to affiliated foreigners
Fees and royalties to unaffiliated foreigners
Private payments for other services
US Government payments for miscellaneous services
Payments of income on foreign assets in the United States
Direct investment
Interest, dividends, and earnings of unincorporated affiliates
Reinvested earnings of incorporated affiliates
Other private payments
U.S. Government payments
U.S. assets abroad, net (increase/capital outflow ( — ))
U.S. official reserve assets, net 4
Gold
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies..
102
35
496
-6,139
-779
1,889
-5,160
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 ......
-129
-1,110
965
15
-722
-1,752
1,102
-72
—74
-1,180
1,093
13
300
-43
333
9
-354
-676
330
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
.........
................
........
-26,687
-12,260
-1,633
-10,627
-2,747
-22,013
-13,280
-5,670
-7,610
-1,367
-26,476
-4,588
37
-4,625
-624
-23,652
-9,932
-1,101
-8,831
-2,142
"-1,837
"-607
"1,685
'-1,659
-22,949
'999
-,1
21,873
Foreign assets in the United States, net (increase/capital inflow
">- 9,843
L
S
-6,759
(*)
-414
483
-1
-24
-18,039
-11,110
-5,235
-5,875
-1,144
-21,165
-2,622
1,030
-3,651
-674
-16,232
-4,073
-231
-3,842
-909
-7,852
-4,942
-2,575
-2,367
-213
-15,972
-1,478
1,368
-2,846
156
"-393
"1,859
"-1,157
"115
"1,445
-5,392
"-19,728
-10,093
-2,812
"-16,095
9,501
10,842
16,010
6,946
9,208
ls
147
22
-2
19,334
12,931
12,800
Foreign official assets in the United States, net . . . .
................
U.S Government securities6
............
...............
U.S Treasury securities .
............
..........
Other'....
...................
..............
Other U.S. Government liabilities •
.......................
U.S. liabilities reported by U S banks, not included elsewhere. . ..
Other foreign official assets 9
.............................................
-7,743
-4,320
-16,439
(16)
(16)
()
"
()
"
()
"
()
"
()
"
()
"
268
-277
-414
-252
79
-26
-85
(16)
(16)
32
27,077
17,251
-169
()
"
2,3
929
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 elsewhereLong-term
,
Short-term
Allocations of special drawing rights
Statistical discrepancy (sum of above items with sign reversed)
8,159
5,438
2,721
(")
356
8,262
4,890
3,372
3,954
12,403
9,528
2,875
(.
i)
5,308
7,249
4,682
2,567
()
"
990
7,530
4,210
3,320
()
"
3,553
11,662
8,810
2,852
()
"
4,817
2,143
1,777
366
()
"
1,128
2,439
1,694
745
()
"
3,019
3,276
2,598
678
()
"
2,855
'"991
'"2,916
'513
"1,580
"2,355
"-159
774
< 1,558
"-314
(16,
(16)
"12,022
"-3,523
"-5,226
"11,887
"-43
"3,476
-6,850
-3,623
5,385
-12,108
-4,095
4,034
-6,240
-4,549
3,030
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.
12,351
13,909
14,005
13,836
20,348
19,509
19,847
19,566
12,217
9,108
9,325
9,143
9,246
11,263
11,714
11,699
17,369
17,425
18,153
18,147
9,927
7,490
7,953
7,930
2,677
6,099
6,316
6,316
2,970
5,343
5,635
5,635
-327
3,341
3,601
3,601
See footnotes on page 61.
(16)
(16)
4
June
65
SURVEY OF CURRENT BUSINESS
Transactions, by Area
dollars]
Eastern Europe
European Communities (6)
1980
1979
1981
1979
1980
Canada
1981
1979
Latin American Republics and
Other Western Hemisphere
1980
1981
1979
1980
Japan
1979
1981
Australia, New Zealand, and
South Africa
1980
1981
1979
1980
Line
1981
45,218
55,051
50,395
6,513
4,822
5,317
52,618
56,937
60,449
50,076
66,732
79,813
23,920
28,804
32,019
8,514
11,241
13,491
1
30,363
618
849
377
1,243
1,527
267
431
40
38,955
1,193
980
465
1,582
1,879
269
484
21
36,330
1,231
1J070
489
1,661
1,597
351
550
31
5,913
4,143
4,461
38,690
74
2,092
41,626
85
2,428
45,250
119
2,624
157
106
169
33
85
9
20
80
3
22
85
4
615
886
43
648
13
669
931
60
665
19
794
980
64
512
19
28,555
70
3,143
407
1,188
422
89
905
74
38,845
75
3,916
501
1,537
581
101
1,313
61
42,804
57
5,410
600
1,608
669
131
1,539
66
17,629
42
699
404
1,274
397
343
170
26
20,806
134
774
440
1,499
413
361
168
4
21,796
383
865
512
1,596
413
379
176
16
5,434
88
258
168
265
253
48
139
4
7,117
331
300
202
333
322
62
221
2
8,998
371
320
216
382
377
71
267
3
2
3
4
5
6
7
8
9
10
7,709
3,169
4,539
1,659
136
6,906
3,818
3,088
2,209
107
3,018
2,564
454
3,281
787
452
124
5,517
2,514
3,003
4,024
16
5,855
2,266
3,589
4,579
19
4,072
2,303
1,770
5,986
29
6,520
3,597
2,924
8,364
339
6,969
3,603
3,366
12,467
367
5,845
2,591
3,254
20,698
388
833
4S5
377
1,991
112
839
637
203
3,202
165
934
526
408
4,771
179
1,482
810
672
355
19
1,953
959
993
381
18
1,910
1,038
872
558
18
11
12
13
14
15
-1
C)
-1
-1
1
203
113
325
145
9
6
25
-44,157 -47,500
-2,128
-1,680
-1,810 -43,740 -49,277
-53,245
-42,684
-52,686
-58,300
-32,597 -37,734 -46,050
-6,294
-7,548
-6,913
17
-24,187 -25,112 -26,985
-3,317 -3,786 -4,169
-1,059 -1,204 -1,157
-959
-1,040 -1,286
-1,144 -1,285 -1,340
-164
166
-83
-80
-92
-81
-366
-365
-401
-201
-247
-228
-1,896
-2
-71
-20
-76
-1,444
-2
-58
-22
-102
-1
-20
-21
-2
-6
-26
-1,552 -39,020 -42,697 -47,316
-2
-143
-137
-135
-57 -1,599
-1,817 -2,033
-28
-105
-553
-579
-652
163
-166
-269
-1
-16
-14
-18
-10
-404
-410
-324
-31
-35
-64
-63
-30,535
-296
-3,767
-272
-891
-14
-6
-1,088
-354
-37,525
-391
-4,090
-310
-1,048
-26
-11
-1,223
-276
-39,099
-324
-4,540
-353
-1,096
-41
-11
-1,461
-294
-26,261 -31,217 -37,598
-995
-1,107
-936
-185
-214
-142
-142
-189
-105
-1,808 -1,837 -1,939
84
84
75
-19
-39
-15
-107
-89
-113
-36
-40
-60
-5,493
-39
-183
-144
-216
-2
-1
-42
-41
-6,533
-48
-245
-171
-278
2
-2
-39
-40
-5,608
-48
-351
-224
-292
1
-1
-38
-38
18
19
20
21
22
23
24
25
26
-247
184
-63
1,995
-198
-644
282
-362
-4,721
-96
1023
-444
-579
-6,553
-209
-1,013
526
-486
-9,774
-296
570
-107
462
-680
-2,003
722
-83
639
-713
-1,844
768
-93
675
-1,035
-3,096
35
-33
3
-58
-41
-45
-36
-9
-74
-72
-48
27
28
29
30
31
-9
-6
-25
1
1
1
-193
-1,025
-1,167
-1,206
-70
-67
-81
-358
-214
-595
-393
-236
-577
()
*
-10
-60
-9
-58
-32,249
-44,663
-5,361
239
239
333
82
64
-25
94
-5
50
-79
128
1
-69
-141
72
-1
36
-11
43
3
10
-26
30
5
-79
-97
33
-15
43
44
45
46
47
48
49
50
51
52
53
-1
-40,764
3054
-860
2194
-1,878
-4,353
-3,988
-1,411
-2,578
-2,294
-4,599
-3,924
1 754
-2J70
-2,737
-5,091
1
1
(*)
262
479
364
-16
-292
569
7
-294
779
23
-342
729
-17
-72
-4,695 -14,883
-6,357
-765
1,889
-5,160
-1,708
1,889
-5,160
1708
155
-2
161
-160
-298
145
-6
-118
-213
137
-42
-197
-569
345
27
284
-188
457
15
-182
-489
346
-39
-6,739
-5,157
617
-4,539
1220
-9,564 -4,532
5 551
929
-2,464
-476
454
3 088
-918
-555
-568
-126
-862
"-465
" -557
-4
15
103
6,394
18
-2,538
3,340
"426
IS
-3,473
1,970
-21
C)
-112
-90
-1,795
230
-1,565
-1,395
-198
-21
-91
-116
j
-24
-91
-166
8
-195
-4
-216
23
-343
-170
-512
158
-1,044
-7,538
-7,129
-8,359
-14,863
-158
()
*
-199
0
(*)
C)
"-30
15
-538
-34
()
"
()
"
(17)
(17)
149
()
"
-319
()
"
73
()
"
()
*
(7
1)
5,081
2,887
2,194
-154
5,072
2,494
2,578
()
"
534
8,338
6,168
2,170
()
"
1,920
"-814
"800
"159
»_12
"802 " -2,746 " -8,374
(17)
-23
-1
-17
C)
-599
200
-399
-1,013
-194
"79
1S
-205
64
()
"
(17)
"-38
15
-824
()
"
-90
-143
47
6
-407 "-1,074
"-33
"12
"552
"333
"—22
"96
"66
(16)
(6
1)
1,527
-2,128
37
38
39
40
41
42
-1,536
17
-2,050
-964
-92
-872
27
"-898 " -2,305
" -241
"-64
"153
" -356
"-65
"-114
"-56
15
-4,176 "-10,559 "-26,697 " -43,995 " -4,253 " -6,051 "-5,823
()
"
-48
(16,
(6
1)
19,856
h
| <-)
1,838
1,476
362
8,779
31,410
-12,101
6,825
8,522
"587
213
29
" -475 " -1,002
681
315
()
"
()
"
(17)
(7
1)
(17)
()
"
(17)
-19
()
"
86
(7
1)
252
()
"
218
()
"
26
()
"
200
(17)
25
()
"
-288
()
"
744
282
462
()
"
208
732
92
639
()
"
-82
2,662
1,988
675
()
"
292
72
69
3
42
33
9
283
277
6
"22
"241
"29,799 "-13,326
26,208
1,513
934
579
(17)
(17)
87
332
1,307
821
486
()
"
97
"-126 "-1,766
"-122
"-18,062 "-5,187
-6,416
171
1,129
-3,496
-3,251
-2,424
-3,546
-7,232
-2,489
-11,359
10,590
-7,053
6,176
4,455
4,732
4,716
13,843
10,893
11,379
11,372
9,345
2,895
3,283
3,259
4,017
4,385
4,295
4,295
2,699
3,142
3,030
3,030
2,909
3,507
3,392
3,392
-330
8,878
8,720
8,720
-1,071
7,660
7,461
7,461
-2,066
7,204
7,011
7,011
-1,980
7,391
6,709
6,366
1,320
14,047
13,238
12,880
3,705
21,513
20,699
20,306
-116
82
-152
-694
23
-672
20
"371
(6
1)
632
-6,801
333
-6,650
-506
-98
-408
35
1,656
1,593
63
()
"
1,034
-2
(17)
C)
-7,259
-6,976
19
184
203
-1,059
3,043
(7
1)
(17,
34
35
36
-5,186
760
-383
377
-109
7,203
2,811
1,246
1,565
()
"
930
931
532
399
-10
-32
-44,151
58
3,312
3 254
27
793
(6
1)
-26
-55
-31,746
-2,735
631
-3,366
__g
3,836
[ (
3
1 2,935
33
(*)
-14
-45
-14,546
-3,362
-438
-2,924
272
6,1*00
33
-59
C)
-11
-47
-8,321
616
2,385
1 770
-3,698
-303
(6
1)
-58
-512
-1,659
1,169
-22
-571
(->
-42
-502
-1,638
1,137
-1
2,364
(
32
-317
-1,183
865
2
" -181 »_112 "-1,063
16
-6
-107
-159
-38
-107
60
10
-7,544 -7,039
4 477
3 750
-1,474
-161
3003
3 589
-2,480 -2,103
76
()
"
(•)
7
-19
28
-3
16
(17)
54
55
56
f57
J58
159
160
61
/62
|63
64
65
66
67
68
69
(7
1,
(7
1)
(7
1,
11
43
-46
"159
"86
"132
"64
70
71
"5,716
"5,382
"-156
"438
"302
(72
173
9,431
12,392
-2,275
-2,789
-4,705
74
75
-8,632 -10,411 -15,802
-8,676 -8,930 -14,031
-8,746 -8,997 -14,112
-8,746 -8,997 -14,112
-59
2,220
2,178
2,178
584
3,693
3,635
3,635
3,390
6,578
6,519
6,519
76
77
78
79
Table 10.—U.S. International
[Millions of
Other countries in Asia and Africa
(Credits +; debits -) '
Line
1979
1980
1981
International organizations
and unallocated la
1979
1980
1981
Receipts of income on U.S. assets abroad:
Interest, dividends, and earnings of unincorporated affiliates
Transfers of goods and services under U.S. military grant
Payments of income on foreign assets in the United States-
1982
III
IV
I»
2,942
26,468
27,038
24,985
27,250
25,737
23
729
4
17,101
563
355
208
953
733
134
316
23
16,578
768
600
323
936
723
143
328
22
15,103
765
739
421
981
723
152
334
36
16,308
686
458
226
989
856
161
338
19
15,695
759
364
229
966
703
170
359
23
614
799
3,034
3,144
2,049
3,647
2,656
421
193
381
111
187
612
347
87
1,403
1,631
2,727
322
2,379
765
3,129
345
1,385
664
3,313
369
2,082
1,565
3,179
383
1,822
834
3,415
400
25
43
30
29
43
-3,567
-22,805
-24,905
-25,132
-23,790
-22,763
-62
2,311
12 586
-1,501
-400
-744
-862
187
-47
269
-106
-13,301
1789
-1,001
-1,085
923
-65
-48
264
-153
13 580
-1,512
-1,256
-873
-930
171
-48
263
-103
-13,406
1683
-466
-642
-863
123
50
266
-118
-12,740
1,569
-399
-822
-754
96
-51
-272
-124
2,563
54,122
64,728
73,122
2
3
4
5
6
7
8
9
10
34,075
4,899
582
343
2,027
587
90
987
179
44,097
5,239
698
405
2,299
646
114
1,181
183
47,832
6,036
797
485
2,366
661
129
1,318
216
2,410
i"
1
1,344
-210
1,364
288
1,395
268
551
58
601
2
11
6,484
4,925
6,439
261
12
13
14
15
5,258
1,226
2,750
1,120
3,863
1,063
3,623
1,317
5,001
1,438
5,247
1,596
125
136
407
-2
16
355
523
451
17
Travel
II
I
1
Transfers under U S military agency sales contracts
Travel
Western Europe
1981
-74,894
-93,331
-95,295
-4,649
-4,777
18
19
20
21
22
23
24
25
26
-65,602
2,559
-809
-173
-1,288
-11
1
-229
-397
81 617
-2,791
981
-221
-1,525
179
-2
233
-447
-80,097
3188
-1,142
-287
^1,639
343
-5
-311
-486
1 186
-1,287
-56
-2,432
-59
-2,323
I
-385
-1
-409
\
-478
Unilateral transfers (excluding military grants of goods
U S. Government grants (excluding military grants of goods
Gold
US. Government assets, other than official reserve assets,
net
U.S foreign currency holdings and U.S. short-term assets,
net
U.S. claims on unaffiliated foreigners reported by U.S.
nonbanking concerns
U S. claims reported by U.S. banks, not included elsewhere:
Foreign assets in the United States, net (increase/capital
inflow (+))
Other 7
U.S. liabilities reported by U S banks, not included else-
U.S. liabilities to unaffiliated foreigners reported by U.S.
nonbanking concerns:
U.S. liabilities reported by U.S banks, not included
elsewhere:
Statistical discrepancy (sum of above items with sign reMemoranda:
Balance on goods, services, and remittances (lines 77, 35,
and 36)
...
on current account (lines 77 and 33) 10.
Balance
http://fraser.stlouisfed.org/
Federal Reserve See footnotes on page 61.
Bank of St. Louis
27
-130
-127
171
-1,261
1350
-1,412
-1,538
1,070
28
29
30
31
-121
-9
-2,029
-1,667
124
-3
-2,759
-2,806
175
5
-3,558
-4,755
-622
-639
-2,857
-1,985
670
-680
-2,951
-1,975
-629
-783
-3,057
-1,926
766
-773
-2,890
-1,748
658
-412
-3,091
-1,776
32
Interest, dividends, and earnings of unincorporated affiliates
355
-523
451
-25
-43
-30
-29
43
-115
-473
-115
-583
-105
-611
33
-3,759
4 459
-4,200
-346
-777
-789
116
34
14
129
112
34
35
36
-2,700
-274
784
-3,281
293
-885
-3,151
-299
751
-338
-761
-778
8
-144
268
-10
148
191
24
-176
215
141
-176
188
-149
189
226
37
38
39
40
41
42
7919
-7,797
12 811
-1,462
-1,390
65
1136
189
-8,752
-2,384
C)
-6,489
-83
-2,562
901
-9,525
788
-14,525
-112
2384
-83
901
788
112
43
44
45
2,927
4476
1,563
308
384
284
4
252
233
281
215
346
-82
-308
237
-8
-11
3357
-5,207
1,592
14
316
47
48
49
50
51
-4,991
3606
-2,380
1226
' 66
-4,147
1,684
2,747
-1,063
-2
" -231
" -239
" —262
-16
1667
-1,824
2491
-278
283
5
505
-510
5
826
-831
5
-51
329
230
206
64
72
136
251
838
-174
19
193
1,000
1,019
-171
442
-612
888
6,317
92
1,539
-1,631
-142
-6,098
3139
-2,374
765
-274
3,467
395
1,059
664
165
-10,594
1752
-187
1 565
-373
—1
14
(")
"-279
" 1,216
"448
"300
13
1540
"-5,804
980
1,670
4,034
2645
2,104
9,307
5,968
-1,753
8627
-7,114
1,054
5091
48
-9,454
3136
-1,698
1 438
-254
52 1
53
6159
-4,314
14
-3,651
5 520
1,553
46
54
55
56
17
1 350
-1,683
15
8,866
258
IS
-5,590
19,285
14
19,292
1S
21
39
57
58
59 1
60
61
(")
(")
("*
805
580
310
62
63 I
(")
(")
64
65
66
67
68
69
133
124
9
(")
151
307
304
3
(IT)
(17)
335
362
70 t
71 1
(")
158
(")
1,175
706
72
73 I
74
" 9,545
" 16,887
" 16,337
"'54
i,139
75
23,583
21,575
19,893
76
11
-31,527
20773
-37,520
-28,603
78
79
21831
-24,531
-29,781
-33,062
—1
15
23
-3,902 " -4,475
150
15
-11
-14,330
971
-137
834
226
n.a.
-8,768 "-13,585
(16)
(16)
(16)
17
|
14
1
2,989
2,994
5
-208
-42
387
242
C6)
(16)
(16)
(16)
(")
(")
(16)
-183
39
980
1,656
5,787
1,736
1,097
639
5,981
2,327
1,647
680
9,218
3,110
2,327
783
8,253
5,230
4,458
773
11,059
177
-236
412
(16)
(16)
-93
55
63
1,888
2,249
725
445
1,177
(")
402
(14,
157
(")
1,740
(")
983
n.a.
(16)
(14)
17
(16)
(16)
-925
1,152
"1,593
1,093
(IS)
(16)
(16)
(IS)
(16)
2,947
4,169
4,810
939
6,968
590
3112
5,694
32265
-22,174
1 186
-2,240
1287
-2,214
23
626
4,515
3,663
3,277
2,133
1,523
-147
2,902
3,459
2,955
2,974
-23,223
-26,374
-2,247
-2,585
-2,231
-2,991
637
-1,415
3,787
3,779
2,176
2,167
108
-132
3,471
3,330
3,011
2,862
Transactions, by Area—Continued
dollars]
European Communities ( 0 "
1)
European Communities (6) 12
United Kingdom
1981
1982
1982
1981
II
HI
rv
I"
20,963
21.456
19,596
21,402
20,302
6,801
7,781
7,071
6,648
13,527
383
271
173
720
657
111
239
19
13,140
537
476
274
708
649
119
252
16
11,912
539
596
339
729
647
127
255
31
12,772
495
354
188
739
766
134
256
13
12,276
509
277
197
740
634
141
269
17
3,304
61
90
69
196
187
29
89
12
3,404
86
150
136
199
191
31
94
6
2,967
124
178
140
206
213
33
88
21
2,744
81
117
85
215
241
35
84
5
2,346
2,467
1,376
2,816
2,084
1,270
1,729
1,193
990
1,948
519
2,613
207
867
509
2,786
259
1,549
1,519
565
2,860
299
517
753
146
,8
8
846
883
1,745
12
366
827
1,896
11
I
1,357
2,281
236
1,267
2,605
266
I
II
1981
1982
Line
1
II
III
rv
I"
6,707
13,046
12,528
11,287
13,533
12,504
1
2,676
111
92
92
225
187
37
92
9
9,578
234
165
93
423
438
79
131
6
9,047
343
300
124
404
417
85
134
10
8,326
317
392
186
416
261
91
140
8
9,379
337
213
86
418
481
96
144
7
8,991
325
170
98
414
414
101
150
7
2
3
4
5
6
7
8
9
10
1,221
1,233
931
647
65
1,374
689
11
837
383
425
507
766
203
1,050
-403
838
180
410
1,747
73
1,020
213
1,947
7
680
694
819
178
434
255
877
269
13
14
15
rv
III
I"
-344
858
227
12
7
7
16
5
g
(*)
(*)
(*)
(*)
-17,714
-19,685
-19,802
-18,726
-18,004
-5,708
-6,508
-7,006
-5,740
-5,653
-11,254
-12,267
-11,848
-12,131
-11,522
17
-9,592
-1,383
-311
-551
-643
-156
-43
-224
-66
-10,518
-1,458
-831
-810
-691
-32
-43
-220
-112
-10,770
-1,345
-907
-655
-698
-122
-44
-220
-73
-10,544
-1,381
-380
-515
-647
-43
-45
-222
-84
-10,068
-1,437
-300
-585
-565
-67
-47
-228
-79
-2,821
-226
-122
-209
-229
-105
-22
-121
-11
-3,260
-236
-358
-340
-245
-21
-23
-114
-15
-3,745
-205
-320
-260
-248
-106
-24
-110
-20
-2,920
-148
-152
-192
-228
-16
-25
-110
-9
-2,817
-242
-127
-205
-199
C)
-26
-114
-9
-6,260
-1,069
-159
-274
-318
-46
-21
-96
-47
-6,840
-1,028
-385
-420
-344
-6
-20
-99
-89
-6,603
-1,004
-417
-331
-350
-12
-20
-102
-44
-7,182
-1,069
-196
-261
-327
-19
-20
-103
-66
-6,820
-1,035
-153
-307
-287
-60
-21
-104
-63
18
19
20
21
22
23
24
25
26
-1,118
-1,253
-1,294
-1,467
-999
-238
-238
-310
-413
-124
-880
-1,011
-983
-1,049
-876
27
-533
-585
-1,975
-1,652
„
-576
-677
-2,077
-1,639
-543
-750
-2,094
-1,581
-627
-840
-1,965
-1,432
-594
-405
-2,194
-1,436
-154
-84
-1,281
-324
-155
-82
-1,353
-307
-53
-257
-1,368
-291
-158
-255
-1,268
-143
19
-1,453
-338
-378
-502
-666
-1,318
-419
-592
-698
-1,326
-489
-495
-699
-1,284
-468
-582
-674
-1,164
-451
-425
-719
-1,078
28
29
30
31
_7
— 16
_5
—8
(*)
(*)
(*)
(*)
106
74
137
85
68
74
62
33
-6
-134
247
-16
99
-17
86
-16
83
-14
55
-19
93
_4
-73
214
—3
-73
161
— 15
-93
177
—1
-102
177
-6
-106
175
34
35
36
-5,120
-2,953
-4,466
-9,817
-4,«38
—2,180
-«58
-637
431
-2,093
802
-3,436
— 106
37
306
—2,180
— 637
306
802
— 106
38
39
40
41
42
-5
-60
35
-133
-47
40
-83
-75
29
102
-31
33
31
-8
30
43
44
45
172
97
86
_4
-112
288
-3
-113
214
-15
-133
235
84
_j
-125
210
-7,503
-2,179
(*)
-5,889
-637
-2,371
306
-7,042
802
-13,420
-106
-3,300
(*)
(*)
—2,179
—637
306
802
— 106
(*)
23
-120
109
-192
-18
-114
83
255
-44
186
62
-33
96
13
-3
11
-137
106
83
-259
69
-17
-42
27
67
7
-4
14
41
.
130
123
-13
-18
14
16
32
34
-161
13
113
-2
5
-2
-3
7
-9
20
-126
-37
100
8
46
-5,347
349
1,706
-1,357
-186
-5,060
-2,722
-2,203
-519
-77
-2,660
700
1,209
-509
63
-,9
809
-950
317
-1,267
-475
-13,376
-702
-137
-565
115
-3,313
467
1,220
-753
-109
-5,103
-2,103
-1,220
-883
63
-2,959
-210
616
-827
248
-4,596
369
752
-383
-46
-9,804
-646
-433
-213
191
-1,854
62
568
-507
-77
112
-673
-1,076
403
-33
207
758
413
344
-118
-2,997
-1,076
-382
-694
-327
-3,361
76
331
-255
-85
47
48
49
50
51
"-109
"1,222
"483
"263
na.
"-149
"1,031
"338
"225
na.
"120
"126
"98
"82
n.a.
(52
153
j "-5,401
"-3,484
- 3,906
"-6,937
"-12,789
"-3,522
"-4,094
"-3,335
"-5,144
"-9,349
"-1,958
"-531
"166
-,7
"-3,352
(54
(55
4,915
-2,318
2,074
6,171
5,463
4,145
-1,443
3,635
2,870
8,323
879
-1,290
3,213
-3,139
)
1
()
"
()
"
15
(7
1)
(7
1)
()
"
(17)
(17)
()
"
()
"
60
-57
5
-48
-26
()
"
()
"
384
302
82
15
692
-833
()
"
()
"
()
"
-17
-53
68
-73
()
"
()
"
()
"
()
"
839
1,715
1,460
255
418
437
-19
1,158
656
502
()
"
()
"
()
"
-161
92
5
(17)
(17)
(7
1,
()
"
1,664
1,072
592
2,154
1,659
495
3,362
2,781
582
J
64
()
"
1,496
910
585
-130
-247
56
(57
| 58
I 60
61
{
62
63
(7
1)
()
"
()
"
(7
1)
2,057
1,380
677
5,125
4,285
840
()
"
122
-283
405
338
254
84
(17)
(17,
(17)
(17,
(17,
(17)
(17)
(17)
(7
1)
(7
1)
457
1,136
1,030
957
596
272
670
601
1,005
162
152
441
64
65
66
67
68
69
(17)
(17)
1,639
1,991
2,985
2,234
750
()
"
730
"_47
"-173
"1,431
"-1,370
n a.
"-46
"-269
"1,135
"-1,134
na.
»-21
"86
"SOI
"-207
n.a
1 70
171
"1,763
"603
-,6
"284
-,2
"1,898
"4,262
",1
288
"-2,468
"1,092
"2,034
"7,288
"-927
"-3,515
"-3,746
"-186
"-3,286
f 72
73
74
-832
6,338
417
-1,890
5,553
-2,022
5,221
-815
646
367
1.230
1,144
1,352
-2,597
5,531
75
3,935
3,248
2,622
1,772
1,142
-207
2,228
2,676
2,208
2,298
483
1,094
144
1,273
-778
65
-176
909
-141
1,053
3,218
1,792
2,207
262
1,723
-561
2,197
1,403
2,171
981
76
77
-105
2,761
2,761
2,410
2,404
1,176
1,176
1,343
1,343
132
950
950
1,127
1,127
1,933
1,929
350
347
-477
-493
1,477
-1,477
1,050
1,044
78
79
3,424
1,872
http://fraser.stlouisfed.org/
3,420
1,869
Federal Reserve Bank of St. Louis
-120
582
257
132
-299
-724
425
(17)
68
SURVEY OF CURRENT BUSINESS
June
Table 10.—U.S. International
[Millions
Eastern Europe
(Credits +; debits -) *
Canada
1981
Line
I
1982
rv
m
II
1982
1981
I
I"
II
III
IV
I'
1
Merchandise, adjusted, excluding military
3
Travel
....
Receipts of income on U S assets abroad:
Interest, dividends, and earnings of unincorporated affiliates
Transfers of goods and services under U.S. military grant pro-
1,771
1,072
1,040
1,435
1,792
14,935
17,008
14,431
14,075
13,376
2
3
4
5
6
7
8
9
10
1,594
877
782
1,208
1,604
11,153
21
746
12,991
22
697
10,592
27
682
10,514
49
499
9,806
27
783
24
30
66
49
5
20
1
5
21
1
6
22
1
6
22
2
23
(*)
172
231
16
137
2
204
247
16
127
2
195
250
16
123
11
223
252
16
125
3
""l87
230
17
132
1
113
10
1,080
504
576
1,375
2
1,248
372
876
1,443
11
935
584
351
1,596
5
810
843
-34
1,573
12
536
442
95
1,652
5
11
12
13
14
15
110
27
102
24
118
46
121
28
16
17
U S. Government payments for miscellaneous services
Payments of income on foreign assets in the United States:
Interest, dividends, and earnings of unincorporated affiliates .
35
......
-496
-486
18
19
20
21
22
23
24
25
26
-450
-1
-2
-2
-26
-400
-1
-30
-12
-28
367
-1
-18
-12
-27
335
-1
-7
-2
-25
C)
-2
-6
(*)
-2
-8
C)
-3
-8
-12,660
-14,020
-13,177
-13,388
-12,781
265
-1
-2
11 410
-52
-229
12 324
-35
-521
-11,192
32
-969
-12,390
-16
-314
11 557
38
-217
-22
-143
-51
-4
-87
-12
-168
-80
-4
-81
-11
-174
-59
3
-79
-31
-167
-79
-3
-77
-9
-131
-73
4
-81
-14
-135
-71
-64
-493
-42
-225
-43
-182
-527
-45
-53
-23
29
-541
-45
165
-47
212
-433
-66
-111
-37
-74
-479
-77
(*)
-3
-9
27
28
29
30
31
-441
-388
-306
C)
-3
-7
-7
-6
C)
-5
-6
(*)
-6
C)
31
26
-26
-33
51
38
-50
57
-48
-43
-6
-20
-1
-6
-26
-1
74
-21
-47
9
-53
3
-59
2
-58
9
-53
10
578
503
-2,639
-1,567
-2,872
-1,280
-1,607
-118
281
180
-18
-133
168
57
-22
10
18
34
-5
-51
-51
9
-8
11
-21
20
11
2
10
8
4
C)
26
24
3
-41
58
8
10
-100
-445
493
(*)
-2,589
-507
69
-576
26
-1,577
95
972
-876
1 168
-2,875
-57
294
-351
1255
-1,281
1,084
1,051
34
1249
-1,567
1,962
2,056
-95
-795
na
"-1,690
"497
"133
" 3
na.
32
Unilateral transfers (excluding military grants of goods and
U.S. Government grants (excluding military grants of goods and
Gold
Ffeserve position in the International Monetary Fund
U.S. Government assets, other than official reserve assets, net ....
U.S foreign currency holdings and U.S short-term assets, net.
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns.
U S claims reported by U.S. banks, not included elsewhere:
Foreign assets in the United States, net (increase/capital inflow
( + ))..
...
...
Other '
... .
U S liabilities reported by U.S. banks, not included elsewhere.
U.S. liabilities to unaffiliated foreigners reported by U.S.
nonbanking concerns:
U S. liabilities reported by U.S. banks, not included elsewhere.
Statistical discrepancy (sum of above items with sign reversed) ...
Memoranda:
Balance on merchandise trade (lines 2 and 18)
Balance on goods, services, and remittances (lines 77, 35, and
36)
See footnotes on page 61.
33
34
35
36
-6
-20
-5
-25
37
38
39
40
41
42
-63
43
44
45
46
58
-23
77
4
47
48
49
50
51
54
55 )
56
64
65
66
67
68
69
70
71
11
17
32
-4
-196
-121
52
53 }
57
58
59
60
61
62
63
-185
"11
"-37
-207
"-63
-36
13
"13
15
-134
15
-30
)/ :<")(";>
(")
72
73 1
74
75
" 33
-1,152
ls
-420
129
(")
1S
493
-58
(")
15
-366
-619
-98
(")
15
-1,001
18
-1,696
ls
-1,113
3,192
319
943
-192
132
(M)
951
(")
(16)
IS
- 2,734
398
-754
(16)
C)
C)
C)
(*)
27
4
14
-85
2
(17)
(17)
(")
C6)
(16)
(18)
(16)
(16)
(">
(">
(">
(">
(16,
2
(")
33
(16)
1,153
406
332
74
(")
3,384
830
648
182
(")
790
-8
313
525
212
(")
-520
431
367
64
C6)
246
187
83
54
29
(")
(*)
"3
(")
"-25
(17)
(17)
}
-218
95
97
-70
19
n.a
"39
"-120
"218
"234
n.a
(">>
(")
(16)
C)
"-13
17
23
-338
»2
"11
-369
14
"111
"-91
-565
-1,982
1,020
-4,563
1,356
-301
(16)
(16)
(16)
657
76
77
1,144
1,275
477
586
415
600
873
1,047
1,339
1,485
-257
2,276
667
2,988
-600
1,254
1,876
687
1,751
596
78
79
1,245
1,245
559
559
574
574
1,015
1,015
1,538
1,537
2,238
2,238
2,937
2,937
1,197
1,197
639
639
552
552
SURVEY OF CURRENT BUSINESS
June
69
Transactions, by Area—Continued
of dollars]
Japan
Latin American Republics and Other Western Hemisphere
I
II
m
19,405
20,120
20,177
10,765
12
1,136
113
406
153
30
379
15
11,313
13
1,188
149
404
151
32
375
17
10,218
18
1,655
202
396
156
34
381
19
1,608
673
935
4,691
99
1,310
498
812
5,088
80
1,388
558
830
5,594
116
rv
Australia, New Zealand, and South Africa
1981
1982
1981
n
1982
1981
Line
1982
in
I"
I
20,110
18,418
8,135
7,926
7,749
8,209
7,714
3,178
3,621
3,243
3,448
2,923
1
10,508
15
1,431
136
401
209
36
403
15
8,706
19
1,422
132
424
147
38
432
13
5,599
70
225
128
395
109
93
43
2
5,204
172
200
148
393
130
94
43
7
5,169
5,190
113
245
141
404
81
98
48
2
1,983
194
67
44
95
84
17
65
2,495
39
105
56
93
90
17
67
1
2,233
105
87
62
102
95
18
68
(*)
2,287
34
61
54
93
108
19
68
2
2,018
82
251
115
402
91
95
44
2
5,824
60
189
121
406
83
97
46
5
92
82
20
67
1
2
3
4
5
6
7
8
9
10
1,539
863
729
407
322
6,260
97
295
181
114
1,115
62
275
36
239
1,234
27
128
219
-91
1,322
48
237
91
146
1,100
42
226
94
132
1,119
46
529
266
263
99
3
499
295
204
154
5
340
222
118
131
3
542
255
287
175
6
368
240
128
136
4
11
12
13
14
15
677
5,325
92
IV
III
I
I"
II
IV
I*
37
64
34
2
6
9
9
13
(*)
(*)
(*)
(*)
-14,848
-14,242
-14,655
-14,555
-15,107
-10,365
-11,618
-11,820
-12,248
-11,999
-1,748
-1,702
-1,669
-1,794
-1,486
17
-10,139
-90
-1,315
-94
-257
-9
-3
-358
-69
-9,654
-46
-992
-90
-282
-9
-3
-358
-72
-9,520
-64
-1,182
-110
-290
-9
-3
-362
-77
-9,786
-124
-1,051
-59
-268
-14
-3
-383
-77
-9,207
-112
-1,357
-100
-239
-10
-3
-391
-71
-8,550
-263
-39
-41
-471
28
-8
-23
-12
-9,416
-288
-75
-58
-501
16
-10
-22
-22
-9,587
-260
-57
-60
-502
19
-11
-22
-11
-10,045
-296
-43
-30
-465
21
-11
-22
-14
-9,993
-291
-43
-50
-402
12
-11
-24
-17
-1,396
-12
-135
-54
-67
1
C)
-9
-7
-1,434
-12
-40
-50
-75
-1
C)
-9
-9
-1,336
-13
-62
-67
-78
1
(*)
-10
-10
-1,442
-10
-12
-1,135
-11
-138
-59
-63
(*)
(*)
-10
-8
19
20
21
22
23
24
25
26
-253
-106
-148
-2,175
-86
-244
-99
-145
-2,417
-75
-216
-165
-52
-2,748
-75
-298
-157
-141
-2,434
-59
-245
-108
-137
-3,307
-65
-89
-6
-83
-231
-666
-216
-213
-46
-69
-29
-41
-298
-812
-13
-9
-4
-26
-28
5
-10
15
-13
-5
-259
-768
-251
-14
-237
-271
-809
-25
-28
-53
-26
-18
-8
-28
-27
-6
-6
-1
-27
-29
27
28
29
30
31
—2
-6
—9
-9
-13
(*)
(*)
(*)
<*)
-284
-306
-311
-306
-274
-14
-24
-20
-49
-13
-16
-15
-16
-14
33
-91
-51
-143
-101
-58
-146
-107
-64
-139
-93
-63
-149
-101
-53
-120
-9"
-13
-10
-18
_7
-14
-8
-41
(*)
-3
-10
-4'
-11
(*)
-4
-11
(*)
-3
-13
(*)
-3
-11
34
35
36
-5,784
-3,696
-8,793
-26,391
-15,769
-3,207
3
-2,251
19
2,074
33
-3.417
34
504
30
-578
-711
-22
-28
-188
. . . „„.
-167
-275
-854
-e"
16
-114
-53
-71
(*)
(*)
-10
-8
-51
18
32
-327
-514
-639
37
38
39
40
3
— 19
-33
-34
41
42
—30
-50
-323
274
-1
-165
-439
283
-9
-111
-433
325
-2
-187
-464
287
-11
-178
-439
251
10
-36
-53
17
C)
-24
-42
18
(*)
5
-14
18
C)
-14
-32
19
-1
12
-16
27
1
2
-9
8
4
1
-9
10
C)
-57
-58
6
-5
-25
-21
10
-14
-40
-11
5
-34
43
44
45
46
-5,734
-543
392
-935
39
-3,532
241
1,053
-812
56
-8,682
224
1,054
-830
43
-26,204
136
813
-677
-111
-15,590
-738
-416
-322
242
-3,175
-281
-167
-114
-309
-2,208
-118
120
-239
-53
2,102
206
115
91
462
-3,369
-313
-167
-146
-65
522
-165
-33
-132
164
-329
-399
-137
-263
-514
-356
-152
-204
46
-521
-189
-70
-685
-20
267
-287
7
-600
-239
-110
-128
-13
47
48
49
50
"723
"351
" —370
na
263
"169
"103
14
-9,299
" -25,859
"-15,095
-2,321
" -2,206
"1,330
"-2,626
"523
10,132
18,127
13,767
3,170
1,660
2,169
1,532
1,943
14
15
945
-4,235
-1,439
15
-4,552
4,590
ls
14
15
-46
365
" 18
15
-118
-35
14
—53
116
"-186
" -245
317
1,030
-1,216
/ 52
[ 53
"15
K
-687
184
51
15
-348
282
(54
1 55
56
fw
(7
1,
()
"
(">
(7
1)
()
"
(">
(">
(">
7
55
15
9
8
-113
55
83
()
"
(">
(17)
(">
()
"
01
(">
(7
1,
113
-24
137
(7
1,
(IT,
(IT)
430
282
148
331
185
145
245
193
52
(">
302
160
141
("5
(")
(17,
(17,
673
437
237
(17)
107
(17,
(17,
(IT,
(7
1,
(l7)
145
146
-231
36
12
-42
978
791
188
(i7)
171
"653
"14
" -461
"-85
na
"97
"26
" -2,672
"4,043
"10,563
"17,865
"3,005
2,949
-6,466
-6,551
3,014
-1,036
626
4,557
4,364
4,273
1,659
5,878
5,674
5,572
698
5,522
5,319
5,212
722
5,555
5,343
5,249
-501
" 13,633
3,312
3,138
3,038
224
141
83
(17)
(">
1
-174
()
"
(">
787
620
167
(IT)
(17,
(7
1,
(17,
-37
-105
-31
21
(I7>
()
"
(">
("I
(">
(17)
(">
189
148
41
(7
1,
(7
1,
(17)
(IT,
(17)
6
21
-15
177
169
8
56
48
8
12
(7
1,
(7
1)
57
104
"-130
"166
n.a.
"420
" 1,436
"521
2,290
4,308
-149
-2,951
-2,230
-2,253
-2,253
-4,212
-3,692
-3,706
-3,706
-4,418
-4,071
-4,094
-4,094
(T
',
(17,
-115
44
40
4
(l7)
3
(17)
11
1
J 58
59
I 60
61
| 62
[ 63
64
65
66
67
68
69
(7
1)
(7
1,
(IT)
-11
-35
-2
13
16
"36
"21
"-10
n.a.
"1,824
"369
"1,037
"-1,274
"170
"236
5,943
1,887
-1,408
-2,420
234
-1,112
-1,065
1 72
I 73
74
75
-4,221
-4,038
-4,059
-4,059
-4,803
-4,285
-4,334
-4,334
587
1,431
1,061
1,918
1,903
1,903
897
1,575
1,560
1,560
845
1,655
1,639
1,638
883
1,437
1,423
1,423
76
77
78
79
14
1,418
1,418
( 70
[Tl
70
SURVEY OF CURRENT BUSINESS
June
Table 10.—U.S. International Transactions, by Area—Continued
[Millions of dollars]
International organizations and unallocated 13
Other countries in Asia and Africa
1
(Credits +; debits -)
1982
1981
Line
I
II
m
IV
1982
1981
I"
I
m
II
I"
IV
1
Travel
Receipts of income on U S assets abroad:
Transfers of goods and services under U.S. military grant programs,
net
18,156
18,759
18,103
18,104
18,710
2
3
4
5
6
7
8
9
10
12,099
1,356
180
89
585
146
31
319
39
12,378
1,399
195
106
637
183
32
328
49
11,405
1,745
283
196
615
160
33
331
79
11,950
1,536
139
94
530
173
34
340
49
12,027
2,088
202
102
531
145
35
350
40
355
95
336
64
352
-55
353
53
167
C*
176
1
187
2
199
1
'212"
1
11
12
13
14
15
1,793
1,368
425
1,215
306
1,744
1,351
393
1,285
424
1,463
1,193
270
1,412
382
1,439
1,089
350
1,335
486
1,466
1,072
394
1,308
416
192
24
168
118
16
215
21
195
57
133
163
43
120
116
30
229
99
130
55
230
43
187
115
58
912
829
811
1015
19
-585
-10
-605
16
587
17
-535
19
-460
C)
130
(*)
87
(*}
-37
(*)
-224
(S
101
28
150
25
-102
-19
152
33
206
32
-217
U.S. assets abroad, net (increase/capital outflow ( — »
Gold
U.S. foreign currency holdings and U S. short-term assets, net.
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking
concerns:
U.S. claims reported by U.S. banks, not included elsewhere
7
Other
Other U S Government liabilities6
U.S. liabilities reported by U.S. banks, not included elsewhere
Enuitv and intercomDanv accounts
U S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns:
US. liabilities reported by U.S. banks, not included elsewhere
Statistical discrepancy (sum of above items with sign reversed)
Memoranda:
irnod
H
fl
1
94
27
22875
23,032
-21,053
-784
-249
-60
-393
73
_j
-71
-116
-20,960
-828
-287
60
422
89
1
76
-128
-18,986
-798
-288
80
-423
94
1
-81
-122
-19,098
-778
-318
-87
-402
86
1
83
-120
-17,276
-813
-326
80
-360
74
1
-85
-120
27
28
29
30
31
38
-37
1
-850
-992
-48
-49
1
-911
1,224
-59
-48
-11
920
-1,212
-26
-42
16
-877
-1,326
-94
-52
-42
-906
1,491
-166
164
94
-27
H 17)10
Balance on goods, services, and remittances (lines 77, 35, and 36)
37 '
"328"
59
38
-863
-34
33
935
912
1 114
-1,239
1404
193
-206
246
144
121
34
35
36
669
-77
-189
681
-60
171
873
-80
162
-929
81
229
1093
-83
-229
193
195
246
144
121
37
38
39
40
41
42
-458
-5,802
-2,612
-3,939
-6,556
-2,187
-2,148
-1,135
-803
-1,255
-872
-1,582
-492
-671
-1,441
-707
-23
-780
-225
-647
-134
-358
-400
-547
43
44
45
46
-1,204
-1,668
330
135
-770
-1,215
426
20
-806
-1,193
335
52
-577
-1,130
502
51
-518
840
334
12
-136
-139
3
-248
-248
-186
187
2
-257
257
-166
169
3
47
48
49
50
51
745
-381
44
-425
-40
-5,032
1837
-1,444
-393
-120
-1,806
868
-597
-270
16
-3,362
-51
299
-350
-79
-6,039
-1,802
1,408
-394
-298
97
21
189
-168
66
-84
-90
105
-195
2
-197
-241
121
-120
17
-834
138
268
-130
-972
441
376
564
-187
65
52
53 )
'« 16
14
14
54
55 j
" 1,150
56
57
58
59
60 J
61
62
63
14
15
-128
-2,947
(")
123
(")
(")
(")
68
69
-1
(")
135
70
71
" 260
72
73 j
74
75
76
77
78
79
3,086
14
263
-833
3,765
5,580
(")
(")
(")
(")
21
(")
(")
(")
82
81
1
(")
156
ls
-90
15
6,862
(17)
(17)
(17)
(17)
(")
(17)
37
(17)
(")
(")
190
180
11
(")
98
14
384
(")
(")
130
(")
(")
(17)
-947
na
na
-60
-3,172
11
ls
15
"3
» 27
(*)
(*)
104
-406
6
2,023
8
-674
-9
6
4,202
(")
(")
(")
10
-51
-3,939
8
9
-665
(17)
30
(")
(17)
(")
-26
" 200
-51
104
-412
2,015
(")
24
141
99
42
(")
69
(")
53
C7)
2
('")
16
n.a.
2,649
2,665
-16
(17,
'(")"
25
n a.
" 2,985
" 5,619
" 3,824
" 3,909
" 3,962
" _4i4
7,231
4,734
3,244
6,526
-75
1,093
1,496
51
4,684
1,479
1,924
-89
1,407
-8,954
-6,376
-6,642
-7,311
-8,582
6098
-6,329
-7,010
7581
-4,772
-5,014
-5,887
7,148
-4,928
-5,238
6,167
-5,249
2768
-3,080
-4,173
-159
-159
-352
-241
-253
-447
17
-17
263
23
208
-208
352
59
59
-62
17
See footnotes on page 61.
Table lOa.—International Transactions, by Selected Countries (published annually) is on page 62 of this issue.
922
807
794
23
21 479
18
19
20
21
22
23
24
25
26
587
38
-24,857
64
65
66
67
68
69
Foreign assets in the United States, net (increase/capital inflow (+)).
TJ i
164
-24,532
32
Unilateral transfers (excluding military grants of goods and services),
net
U.S. Government grants (excluding military grants of goods and
166
17
Payments of income on foreign assets in the United States:
16
753
17
17
2,031
17
-689
SURVEY OF CURRENT BUSINESS
June
(Continued from p. 41)
U.S. liabilities to private foreigners
and international financial institutions reported by banks increased
$26.6 billion, compared with $21.7 billion. The increase was more than accounted for by IBF liabilities, which
increased $28.5 billion. About $10.0
billion of the increase was due to
shifts from foreign offices in January.
Rising interest rates and an appreciating dollar encouraged an additional
increase of $18.5 billion in IBF transactions in February and March.
Net foreign purchases of securities
other than U.S. Treasury securities
were $1.4 billion. Stock purchases,
mainly from the United Kingdom,
were $0.7 billion, up $0.3 billion. Bond
purchases were $0.7 billion, up from
$0.2 billion; they were encouraged by
high real returns as yields increased
slightly and inflation declined.
Foreign direct investment in the
United States fell to $1.0 billion from
$9.3 billion. Equity and intercompany
account inflows dropped from $8.5 billion to $0.3 billion. A few very large
acquisitions had swelled fourth-quarter inflows; in addition, Western European companies probably took advantage of the depreciation of the
dollar and decline in interest rates to
provide capital to their U.S. subsidiaries and to effect a number of smaller
acquisitions. Smaller first-quarter inflows mainly reflected reversals of the
above two factors. Reinvested earnings declined $0.2 billion to $0.7 billion.
Technical Notes
As is customary each June, estimates of U.S. international transactions are revised to incorporate new
information. Revised annual estimates for 1960-81 and quarterly estimates for 1976-81 are presented in
tables 1 and 2. Revised annual estimates for 1971-81 and quarterly esti-
mates for 1980 and 1981 are presented
in table 3. Revised annual estimates
for 1979-81 and quarterly estimates
for 1980 and 1981 are presented in
tables 4-10. Table lOa presents revised annual estimates for 1979-81.
Seasonal adjustment for selected
current-account items and for changes
in U.S. Government assets were recalculated by extending through 1981
the period used to derive seasonal adjustment factors. The new factors
were applied to quarterly data for
1980 and 1981.
Beginning in 1982, merchandise
import data are reported on a Customs valuation basis rather than the
f.a.s. transactions valuation basis used
from 1974 to 1981. Except for overland shipments from Canada, the current Customs value is very close to
the f.a.s. measure, differing less than
0.2 percent in 1981. Definitional
changes mandated by the Trade
Agreements Act of 1979 make the
Customs value now in use much different than the Customs value used
prior to 1974. Overland shipments
from Canadian plants are valued f.o.b.
in Census/Customs statistics. Estimates of inland transportation
charges to the border are made by
BEA to record properly the value of
these shipments for U.S. balance of
payments purposes.
Estimates of foreign transactions on
U.S. commodities futures exchanges
are now included in lines 9 and 71 of
tables 1 and 2 in the current and capital accounts for 1977-1981. There are
no estimates of futures trading
abroad by U.S. residents.
Receipts and payments of income
on claims and liabilities reported by
U.S. banks have been revised for
1978-81, and the seasonal adjustment
dropped, to reflect more accurately
developments in international financial markets. These developments and
their impact on the accounts are discussed below.
71
As a result of financial innovations
and further integration of national
and international capital markets
during this period, several alternatives to prime rate-based pricing of
business loans were adopted by U.S.
banks, many of which placed greater
emphasis on market-determined rates
as the basis for pricing loans. One alternative was the option offered a
growing number of borrowers to
obtain loans at the London Interbank
Offered Rate (Libor) or the U.S. prime
rate, whichever was less. Many U.S.
banks booked loans offshore when the
LIBOR pricing option was chosen by
the borrower. Also, the pricing of
overdrafts and intra- and interbank
lending was more closely linked to
the cost of funds (often the Federal
funds rate) plus a small charge for administrative costs. In addition, there
has been a growing tendency to price
loans and various loan services individually rather than on an all-inclusive basis.
The new method of estimation of
bank-reported receipts and payments
of income reflects this shift to
market-determined rates. The impact
on the accounts has been to lower estimated receipts much more than payments, because previous estimation
techniques placed greater emphasis
on the prime rate on the asset (receipts) side than on the liability (payments) side of the accounts, and because spreads between costs of funds
and charges were narrower than previously estimated. The new methodology also estimates some noninterest
income independently, rather than including it implicitly in yields on
assets. The difference between the
previous and revised estimates is largest in 1980-81, when declines in the
prime rate significantly lagged declines in other market interest rates.
The revised estimates more accurately reflect fluctuations in market interest rates.
72
SURVEY OF CURRENT BUSINESS
(Continued from p. 21)
Summary.—A tentative evaluation
of planned spending for PA plant and
equipment compared with actual
spending indicates that:
(1) The correlation of planned and
actual levels of spending is moderately strong; the correlation of
planned and actual changes is
less strong, although significant.
(Continued from p. 35)
creased 21 percent due to a 12-percent
rise in average expenditures and an 8percent rise in the number of travelers. This was the only overseas area
in which there was an increase in the
number of U.S. travelers.
Canada.—U.S. travel payments to
Canada accounted for 18 percent of
total U.S. travel expenditures, at $2.0
billion, they were up 12 percent from
1980. Average expenditures increased
8 percent and the number of U.S.
travelers increased 3 percent.
June
(2) Actual spending often fell short
of planned spending in 1974-81;
the regularity of the shortfall
probably reflects characteristics
of the PA regulatory process.
(3) The systematic bias adjustment
procedure currently used is performing well; it reduces mean absolute percent deviation. A systematic bias adjustment procedure specifically designed for PA
might further reduce absolute
percent
deviation
between
planned and actual spending.
(4) After adjustment for systematic
bias, reported plans for 1975-81
usually outperform projections of
spending based on two mechanical rules; this result appears to be
attributable to the bias adjustment, especially for durable goods
industries.
U.S. auto travelers to Canada returning the same day they entered accounted for 68 percent of travelers to
Canada in both 1980 and 1981, up
from 58 percent in 1977-79. Lower Canadian gasoline prices contributed to
the 1980 increase. Canadian prices remained attractive to U.S. border area
residents in 1981, although the gasoline price differential decreased
toward the end of the year, as did
same-day auto travel from the United
States.
Travel to Canada over land (auto,
bus, or train) accounted for 93 percent
of all U.S. travel to Canada in 1981,
up from 85 percent in 1977-78. The
attraction of lower Canadian gasoline
prices and higher air fares were largely responsible for the change.
Mexico.—U.S. travel payments to
Mexico increased 12 percent to $2.9
billion, accounting for 25 percent of
total U.S. travel expenditures. Expenditures in the Mexican border
area increased 16 percent to $1.6 billion, as lower Mexican gasoline prices
drew U.S. border area residents to
Mexico to purchase gasoline. Expenditures in Mexico's interior increased 8
percent to $1.2 billion, following a decrease in 1980.
U.S. GOVERNMENT PRINTING OFFICE:
1982 O - 376-761 : QL 3
CURRENT BUSINESS STATISTICS
THE STATISTICS here update series published in the 1979 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY OF CURRENT
BUSINESS. That volume (available from the Superintendent of Documents for $9.50, stock no 003-010-00089-9) provides a description of each series, references to
sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1975 through 1978, annually, 1947-78; for selected series, monthly
or quarterly, 1947-78 (where available).
The sources of the series are given in the 1979 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and are also listed
alphabetically on pages 171-172. Series originating in Government agencies are not copyrighted and may be reprinted freely Series 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 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
Annual
1982
1981
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
GENERAL BUSINESS INDICATORS
PERSONAL INCOME BY SOURCE t
Seasonally adjusted, at annual rates t
Total personal income
bil $
Wage and salary disbursements, total . do
Commodity-producing industries, total
Manufacturing
Distributive industries
Service industries
Govt and govt enterprises
Other labor income
Proprietors' income J
Farm
Nonfarm
do
do
do
do
do
do
2,160 2
1,343 7
4654
3507
3289
2957
2536
1371
do
234
do
1072
2,404 1
1,482 7
5127
3873
361 1
3350
2739
1541
224
1124
Rental income of persons with capital
consumption adjustment
bil $
Dividends
do
Personal interest income
do
Transfer payments
do
Less Personal contrib for social msur
do
Total nonfarm income
do
DISPOSITION OF PERSONAL INCOME *
Seasonally adjusted, at annual rates
Total personal income
bil $
Less Personal tax and nontax payments
do
Equals Disposable personal income
do
Less Personal outlays
..
do
Personal consumption expenditures
do
Durable goods
do
Nondurable goods
do
Services
.
.
do
Interest paid by consumers to
business
..
do
Personal transfer payments to
foreigners (net)
do
Equals personal saving .
do
Personal saving as percentage of disposable
personal income §
percent
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
INDUSTRIAL PRODUCTION
Federal Reserve Board Index of Quantity Output
Not Seasonally Adjusted
Total index .
...
1967=100..
By industry groupings
Mining and utilities
do
Manufacturing
.
...
.do
Nondurable manufactures
do
Durable manufactures .
do
Seasonally Adjusted
Total index
do.
By market groupings
Products, total
Final products.
Consumer goods
See footnotes at end of tables
do
do
.... do
2,353 8 2,367 4 2,384 3 2,419 2 2,443 4 2,462 6 2,475 2 2,492 4 2,492 0 '2,497 9 '2,513 3 '2,522 8 •2,531 5 2,548.1
1,459 6 1,467 3 1,473 9 1,484 9 1,500 3 1,5103 1,517 5 1,527 7 1,5224 1,531 4 1,542.9 '1,541 5 •1,5392 1,547 0
5236 '5193 •5150
5081
5115
5212
5170
5224
5190
5182
5162
5048
5225
5222
3917
3923 '3892 •3875
3878
3888
3947
3954
3879
3873
3890
3837
3939
3918
3577
3607
3750 '3744 •3746
3587
3659
3570
3693
3719
3685
3717
3684
3766
3571
3309
3396
3344
3540
3512
3595 •360.3
3638
3322
3284
3414
3446
3504
2872
2883
2893
2705
2717
2736
2728
2772
2864
2819
2846
290.3
2694
2834
1617
1638
1516
1530
1563
1548
1578
1627
1649
1658
1665
1509
1592
1604
202
1130
217
1122
232
1122
244
1122
252
1124
244
1125
249
1119
247
1114
237
1110
2,353 5
337
341
347
333
335
339
343
345
331
602
630
624
643
61 1
594
635
639
641
3006
3041
3157
2979
3092
3223
3308
3263
3289
3235
3417
3419
3499
3265
3225
3430
3436
3474
1031
1033
1052
1043
1055
1066
1029
1063
1068
2,306 4 2,318 1 2,333.1 2,366 4 2,389 3 2,409 0 2,420 6 2,437 6 2,437 8
7852
2,404 1
3882
2,016 0
1,908 4
1,857 8
2320
7432
8826
2,353 8 2,367 4
3825
378.2
1,975 6 1,984 9
1,869 6 1,8755
1,820 0 1,825 7
2264
2294
7339
7315
8679
8566
464
495
486
488
493
496
12
10
10
1013
1076
10
1060
10
1094
1044
10
1093
56
53
52
54
54
1,0184
1,040.4
1,036 8
1,036 5
9351
1358
9589
1394
3673
4522
9551
1396
3665
4490
9534
1366
3655
1789
1937
1906
1470
1510
1495
1467
1612
136.7
1550
1504
1648
1405
147.0
146.7
1453
1454
318
544
2563
2942
879
2,1126
2,160 2
3385
1,821 7
1,720 4
1,672 8
2119
6757
3584
4409
336
613
3085
3332
1042
2,384 3 2,419 2 2,443 4
3880
4002
3937
1,996 3 2,025 5 2,043 2
1,891 9 1,916 1 1,945 5
1,841 6 1,865 6 1,894 3
230.0
2452
2261
7468
7406
7525
8888
8966
8749
50.3
2,462 6 2,475 2
4054
3948
2,057 3 2,080 4
1,943 6 1,946 8
1,891 7 1,894 6
2334
2263
7546
7552
9131
903.8
50.9
512
'196
1106
150
1108
348
'2,513 3
401 1
'2,1122
'2,004 8
'1,952 0
2373
7691
'9456
'2,522 8 •2,531.5
2,548 1
'3982 •3912
4039
'2,124 6 •2,140.3 2,144.3
'2,001 1 •2,006.2 2,032 4
•1,948 2 •1,953,2 1,979 2
'2374 '2319
2456
'7585
•7579
7658
'9524 •9634
9678
514
516
516
'1 1
'12
'1235
•1340
'57
58
1,045 6 '1,042 7 '1,049 2 '1,0520
1,057 9
513
977
10
1137
10
1336
10
1302
10
1201
'1105
51
52
56
61
61
57
'54
'54
1,037 3
1,041 6
1,045 5
1,043 7
1,048 4
1,049 6
9569
1360
4513
3689
452.0
9594
1370
3687
4536
9693
1458
3701
4534
9597
1380
3677
4540
9548
1331
3670
4547
9582
1332
3692
4558
9594
1331
3701
4562
'9618
1377
3654
'4586
•9696
1389
3715
1915
1925
1945
1954
197 1
1984
1994
2001
'2017
1515
1526
1565
1510
1554
1558
1524
1464
1391
145 2
155 6
156.6
1705
1470
161.4
164 1
1495
1639
139.5
1543
1722
1420
1568
1555
1734
143 1
1525
1524
1693
140.7
152 0
1456
1610
1349
155 2
152.4
1653
143 4
145 5
1534
1661
144 7
1510
151.9
1527
1529
153.9
1536
151.6
1491
1506
149.5
1479
1513
1499
148.9
1523
1513
1507
1522
151.4
150.3
1530
1521
1507
152.6
1515
1496
1510
150.0
147.8
149.4
1489
1465
•150
•1107
645
3336
'12
'1074
10
'150
'1109
348
•349
350
648
648
650
652
3389 '3435 •3481
3523
3512
352.6 '3590 •3648
3691
1105
•111.4 '1117 •1119
1127
2,447 4 2,465 6 '2,475 8 2,484 0 2,500 2
348
2,492 4 2,492 0 '2,497 9
3949
3998
3995
2,092 9 2,092 1 '2,103 1
1,962 7 1,972 0 '1,992 5
1,910 6 1,919 7 '1,940 0
2267
2376
2262
7617
7640
7597
9289 '9427
9226
51.2
162
110.6
•51.8
'12
520
12
1119
'4592
'9647
'1380
'3668
'4598
9654
1352
3676
462.7
'2013
'2020
2023
1366
'1427
'1420
"1398
•1398
'1566
'1297
'152.8
'1407
'1565
'1297
"145 7
'1407
128.4
164 3
1331
1471
1234
'159 7
•1390
"1553
P
•142 1
•1394
•1563
127 7
•127 7
1463
143.4
1407
'142.9
'1417
»1406
•1403
1475
1472
1440
1462
1463
1420
1429
1428
1396
'1446
'1441
'141.8
•1438
'1434
•141.5
"1434
"1432
"1426
•143.3
•1433
•1438
1370
1494
S-l
SURVEY OF CURRENT BUSINESS
8-2
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
Annual
June 1982
1982
1981
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
"1312
"1300
"1006
"872
'1319
"147 1
=1342
"1387
"111.8
=961
•1318
'1476
"1584
'1591
"1688
•1441
"1660
"1470
"2431
"1145
"1879
"2553
"1119
"1073
"143.8
"1234
"164 1
"1364
"1280
"1605
"1267
"1694
=1426
•1633
•1426
•2305
•1123
=1872
»1506
"1333
"994
"1462
"1377
"958
'1485
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Seasonally Adjusted— Continued
By market groupings—Continued
Final products— Continued
Durable consumer goods
1967—100.
Automotive products
.
. do.
Autos and utility vehicles
. . do
Autos
.
..
do .
Home goods .
..
..do
Nondurable consumer goods
..
do .
Clothing
....
...
. . do
Consumer staples
.
do .
Consumer foods and tobacco . . . . d o
Nonfood staples
...
do .
Equipment
....
do
Business equipment . . .
Industrial equipment # . . . .
Building and mining equip
do
do .
.. do
239.9
1282
1924
2378
1399
982
151.9
1409
1628
do
1476
. . . . do
Commercial, transit, farm eq #
Commercial equipment
...
Transit equipment . . .
Defense and space equipment
Intermediate products
do .
do
do
do
do. .
Construction supplies
Business supplies
. . . .
do
. do
do. .
1430
1715
1293
do .
do
do
do .
do .
do
do
do
do .
do
. d o
. . do
do .
do
do
do
do. .
do
do
..do
Durable goods materials
Nondurable goods materials .
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 .
Tobacco products .
Textile mill products
Apparel products
Paper and products .
Printing and publishing
Chemicals and products
Petroleum products
1495
Rubber and plastics products
do
Leather and products ...
Durable manufactures
Ordnance, pvt and govt
Lumber and products
Furniture and fixtures
Clay, glass, and stone products .. .
do .
do
do
do.
do
do ..
Primary metals .
Iron and steel
Nonferrous metals
Fabricated metal products
1565
do
do
Manufacturing equipment
Materials
1367
1328
1101
1036
1389
1489
1260
1552
1474
1643
1452
1732
do
..
Nonelectrical machinery
Electrical machinery
.
Transportation equipment
Motor vehicles and parts
Instruments
..
BUSINESS SALES
Mfg and trade sales (unadj ), total if
Mfg and trade sales (seas adj ), total i
Manufacturing, total t
...
Durable goods industries
Nondurable goods industries
do
do
do
..
do
do
do
do
do
1327
1092
1467
1333
949
1111
1328
1683
1897
1467
1612
1496
119.9
1386
1270
1511
1396
1405
137.9
1112
1034
1420
1509
1198
1595
150.3
1700
1518
181.1
1664
2862
1279
1980
2587
1254
1027
1544
1419
1667
1516
1491
1746
1290
1550
1422
1231
1413
1468
951
1118
1294
1691
1909
1504
1648
1521
1222
1357
1204
1550
1442
2071
1329
2557
701
2156
136.7
785
1405
811
1191
1193
1500
1475
1023
924
1198
1341
1628
1728
1169
1190
1711
1297
2740
693
1443
1429
1202
1479
1647
1473
1518
129.1
1200
1448
1521
1221
1603
1513
1708
152.1
1820
1670
2864
1284
1994
2580
130.0
1020
1561
1465
1656
1529
1518
1793
1231
1528
1790
1230
1505
1352
1231
759
1461
1521
1354
1250
770
1563
1417
1591
1465
1235
1462
1482
962
1236
1700
1477
1132
1450
1507
120.6
1590
1502
1693
1514
1810
1659
2817
1285
1986
2545
1315
1015
1563
963
1127
1337
1676
1886
1520
1659
1519
1222
1389
1216
1570
1416
2198
1300
2752
689
1425
798
1534
952
1118
1322
1707
1929
1528
1664
1522
1223
1388
1226
1559
1413
2206
1298
2803
698
1479
1531
1450
1512
1523
1222
1209
1596
1605
1505
153.0
1836
1690
2897
1306
2004
2599
129.7
1017
1541
1848
1694
2903
1549
1434
1662
1540
1524
1769
1293
1229
1128
1327
1727
1956
1524
1658
1513
1209
1383
1211
1534
1431
2184
1293
2851
684
143.2
809
1225
1589
1517
1119
1624
1543
1106
1572
1479
1079
998
122.4
1364
1712
178.4
1587
1034
1222
1395
169.7
1788
1056
1216
1384
1721
1799
1074
985
1231
1393
1741
1801
1161
1223
1703
1213
1237
1364
1706
1234
1375
1713
1307
1700
122.8
1496
1713
1435
809
1262
1263
1465
1476
1230
1181
1458
1314
1481
1722
1308
2025
2637
1284
102.6
1562
1443
1680
1553
1536
1765
1333
952
1115
1333
1731
1962
1532
1671
1516
1213
1394
1226
1549
1444
2215
1287
2853
701
1436
806
1229
1649
1487
1094
997
1318
1401
176.7
1809
1198
1305
1721
1425
1404
1376
1078
1040
1391
1100
1033
1453
1411
1525
1219
1610
1508
1193
1595
1495
171 1
1506
1730
154.0
1844
1702
2930
1308
200.9
2643
1246
1028
1568
1440
169.5
1552
1543
1754
1326
1582
1460
1241
1674
1482
948
1168
1282
1719
1942
1532
1673
1519
1238
1407
1226
1567
146 1
2192
1304
2867
696
1434
818
1191
1633
1482
1131
105 1
1288
1400
1764
1826
1154
1231
1723
1529
182.7
1689
2936
1293
1985
2642
1210
1030
1546
1397
1694
1525
1504
1755
1289
155.8
1450
121.5
1619
1488
95.0
1115
1234
1678
1883
1511
1659
1507
1224
1363
1225
1586
1459
2163
1291
2822
697
1409
82.3
1132
1599
1473
1363
1328
1017
925
1382
150.5
1178
1596
1507
1699
1521
1805
166.9
2956
1257
1297
1217
889
81.1
1232
1192
875
1341
1254
1495
1138
1594
1509
1693
1497
1161
1590
1504
1691
1515
1790
1651
2938
1236
1962
2598
1206
1950
2606
1045
1514
1487
1352
1675
1485
1456
1706
1283
1561
1453
1166
1053
1301
1671
1446
1410
1647
1281
1220
1963
2629
1175
1070
1459
1270
1646
1390
1340
1583
1274
•1306
1474
1472
1722
1581
2890
1169
'1473
•1716
'1559
'2749
'1168
•1459
'1690
1885
2561
1090
1052
1434
'1899
•2564
•1895
•2578
•1105
1372
1297
•1404
•1324
1568
1309
168.2
1718
1480
1628
1514
1243
1325
1178
1533
1456
2088
1283
2760
712
1378
825
1096
1572
1434
1530
1196
1261
1138
1526
1434
204.6
1280
1466
1453
1998
1283
2641
708
2473
1344
843
104.7
1313
1338
1697
1796
114.2
1204
1697
1106
1138
1686
1061
1055
1671
1023
922
1193
1420
157.4
1528
1126
1228
1141
656
855
1048
1494
1315
896
792
1080
1261
1674
1707
1037
1004
1668
•1463
•1275
1689
1902
1104
•1065
1242
1624
1681
1909
1450
1603
798
•1581
•1496
•1681
1220
1894
936
•1481
939
1081
1167
1109
•1257
1589 ' '159.2
1500
1511
1691 •1687
1455
1505
945
1105
1157
1669
1489
940
1119
1426
705
•1283
•1297
•1468
1574
1445
1213
1479
1515
962
1113
1158
1800
1368
179.0
1640
2946
1263
1547
1739
1250
1521
•1259
•117.5
820
1554
1433
1154
1608
1484
1198
1537
135.9
966
872
1128
1302
1679
1757
1086
992
781
1201
1092
716
613
1952
1385
•1651
•1512
•2569
•1163
•1072
•1452
•1257
•1646
•1386
•1303
•1305
•1622
•1288
•1556
1424
•1208
•1093
•1205
•1209
•1704
•1925
•169.9
•1916
•1402
•1573
•1642
1560
•1466
•947
1088
•1533
•1385
1556
•1422
•950
"1190
"1700
"1916
"1392
"1566
1551
1511
•1409
•1578
1517
1127
•1267
1200
•1258
•1515
•1508
146.4
•1459
=1435
•1239
•1355
=1268
=1603
=1257
•130 1
•1480
•133.5
'1691
=190.3
1233
2447
631
127.1
841
992
1443
1285
897
796
1089
1207
1609
168.2
96.6
904
1622
•2013
•1195
•2518
640
•1293
•838
1049
148.4
•1350
•885
785
•1067
1214
•1600
•1729
•1020
986
1645
<139 1
•1567
•1505
"i495
"1447
"198.1
"1230
»2551
"613
=1480
•1283
•842
'1035
"1273
•1270
'1503
•1314
•832
•734
•1005
•1211
'1573
•1725
"1510
"1280
"1736
=1191
=1521
=173.4
•1046
"1064
"1115
"1629
=1102
=1196
•1619
•2003
•1224
•2529
•612
•1062
1630
"850
=1435
=1253
=860
-1029
"766
"654
"960
"1201
"1543
mil $ 3,846,477 4,200,227 '355,767 353,099 366,401 341,248 349,730 357,025 358,871 343,537 359,212 309,039 324,533 •357,025 342,834
do '3,846,477 '4,200,227 •352,594 349,245 354,442 354,759 352,783 353,717 345,287 345,213 342,226 336,548 •342,701 •343,098 339,914
. d o '1,845,934 '1,997,775 167,491 167,527 171,494 170,324 169,518 168,581 164,085 161,979 161,081 156,861 •159,429 •158,241 157,447
936,030 1,019,879 86,327 86,664 88,770 87,319
do
86,841 86,179 82,583 81,641 81,146 77,740 •79,759 •79,253 79,133
909,903 977,896 81,164 80,863 82,724 83,005 82,677 82,402 81,502 80,338 79,935 79,121 79,670 •79,988 78,314
do
Retail trade, total §
do
'951,902 •1,038,790 86,263 86,361 87,299 87,292 87,961 87,823 86,413 86,733 86,572 85,320 •87,418 •87,277 87,899
Durable goods stores . . . .
do . 296,594 326,596 27,166 27,488 27,725 27,759 28,098 27,810 26,354 26,436 26,206 25,316 '26,696 •26,958 27,758
655,308 712,194 59,097 58,873 59,574 59,533 59,863 60,013 60,059 60,297 60,366 60,004 '60,722 •60,319 60,141
Nondurable goods stores
. do
Merchant wholesalers, total @
. do '1,055,168 '1,174,072 98,840 98,964 98,027 97,445 97,359 97,440 96,249 96,738 94,920 94,367 95,854 •97,580 94,568
Durable goods establishments
do . . 448,040 499,970 41,575 42,358 42,449 42,288 42,144 41,562 40,843 41,410 40,930 40,323 40,597 '39,408 38,317
Nondurable goods establishments .
. . do
601,128 674,102 57,265 56,606 55,578 55,157 55,215 55,878 55,406 55,328 53,990 54,044 55,257 '58,172 56,251
Mfg and trade sales in constant (1972) dollars
(seas adj ), total "
. .
bil $ .
1584
1598
1602
1590
1535
1534
1585
1582
1527 •1487 •1525 '1527
151.1
Manufacturing *
do
748
757
746
734
708
742
738
698
•670
•688
679
694
'687
Retail trade *
.
. . do
460
466
449
451
457
464
459
468
444
454
453
'451
452
Merchant wholesalers *
do
390
384
385
381
385
378
385
376
380
37.3
383
389
380
See footnotes at end of tables
=1079
1277
•1260 ' "1269
148.3
1456
1967
•2546
=1116
=730
S-3
SURVEY OF CURRENT BUSINESS
June 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
Annual
1982
1981
Apr
May
June
July
Aug
Sept.
Oct
Nov
Dec.
Jan
Feb
Mar
Apr
GENERAL BUSINESS INDICATORS—Continued
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 t •
•
mil $
Manufacturing, total t
do
Durable goods industries
do
Nondurable goods industries
do.
Eetall trade, total §
Durable goods stores.
. " ..
Nondurable goods stores ...
Merchant wholesalers, total @ .
Durable goods establishments . . . .
Nondurable goods establishments
do.
do
do
do
do
. .. do .
470,769
506,647 '492,584 492,671 494,485 495,544 498,254 504,114 513,410 520,102 506,647 507,968 508,026 '511,118 511,684
475,202
513,286 '489,512 490,254 494,226 498,098 502,458 508,132 511,682 515,165 513,286
276,414 267,506 269,260 269,709 271,872 273,361 276,616 278,440 279,544 276,414
185,226 177,123 177,635 178,676 180,855 182,221 185,140 186,718 187,275 185,226
91,188 90,383 91,625 91,033 91,017 91,140 91,476 91,722 92,269 91,188
125,693 116,968 118,191 120,010 121,993 123,341 124,376 125,364 125,618 125,693
58,835 54,629 55,560 56,764 57,865 58,545 58,761 59,014 58,907 58,835
66,858 62,339 62,631 63,246 64,128 64,796 65,615 66,350 66,711 66,858
257,979
171,603
86,376
114,114
53,747
60,367
104,441
67,033
37,408
510,460 508,315 •507,619 508,517
275,175 276,206 '274,918 274,161
184,057 184,470 '183,430 183,436
91,118 91,736 '91,488 90,725
124,131 123,395 •123,332 123,171
57,807 56,957 •56,803 56,583
66,324 66,438 •66,529 66,588
111,179 105,038 105,349 106,756 105,768 107,516 108,802 108,708 110,243 111,179 111,154 108,714 •109,369 111,185
73,746 68,189 68,958 69,480 68,929 70,379 71,842 71,943 73,479 73,746 73,110 71,859 •72,565 73,514
37,433 36,849 36,391 37,276 36,839 37,137 36,960 36,765 36,764 37,433 38,044 36,855 '36,804 37,671
Mfg and trade inventories m constant(1972)dollars,
end of year or month(seas adj ),total*
bil $
Manufacturing * .
.
,
. do.
Retail trade *
do .
Merchant wholesalers •
do .
2632
1464
638
53.0
2639
1466
643
53.1
265.4
1463
652
538
139
1.60
205
0.65
0.94
0.47
1 11
045
018
048
1 36
201
'105
106
164
0.64
140
161
205
064
092
046
113
045
019
049
137
202
106
106
163
064
139
157
201
063
092
046
1.10
044
018
049
1 38
205
106
109
164
067
140
1.60
207
065
094
0.48
110
044
017
0.49
1 40
209
108
109
163
067
165
196
139
136
167
198
141
138
166
1.93
1.41
1.41
168
197
145
1.38
266.5
146.8
664
532
2685
1477
664
54.5
269.7
148 1
142
161
210
065
096
049
110
0.44
0.18
048
1 40
208
108
110
167
067
1.44
164
215
067
096
051
1.11
045
0.18
049
142
2.11
109
112
173
066
1 13
045
017
0.50
145
2.24
111
1.13
176
066
169
199
142
143
170
201
142
142
176
209
149
145
2671
1469
663
539
2704
148 1
668
55.5
2688
147 1
148
1.49
150
170
226
070
103
053
173
172
228
070
669
547
661
556
2665
146 1
649
55.5
'2650
'1460
644
54.7
152
175
237
073
1.08
056
1 15
047
018
050
145
228
111
118
181
1.48
2646
'1458
'646
•543
2649
1456
645
548
BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade, total £
Manufacturing, total t
Durable goods industries
Materials and supplies
Work in process . . .
Finished goods
...
ratio
. do ..
do .
do
do
do
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. ..
Merchant wholesalers, total @
Durable goods establishments
Nondurable goods establishments
do.. .
do
do
Manufacturing and trade in constant (1972) dollars,
total *
.
. . . .
do
Manufacturing *
do
Retail trade *
.
do
Merchant wholesalers *
do.
145
1.65
216
070
096
050
1 13
046
0.18
048
1 41
214
108
113
170
070
1.42
162
212
066
0.97
049
1 11
045
018
048
1 39
208
107
109
167
0.66
229
071
105
054
115
046
018
051
145
223
111
1.14
1.77
066
176
212
148
1.44
104
0.54
114
046
018
049
145
225
111
117
180
069
176
212
146
147
173
'231
•148
•174
'231
071
070
055
056
115
046
018
051
'116
116
046
018
051
0.46
1 41
'213
•1 4]
109
•1 10
140
204
111
113
177
•112
•184
•063
118
192
067
175
214
143
144
'106
1.05
211
070
067
179
'218
'174
'212
1.73
•212
146
149
142
143
143
•140
150
174
232
070
105
057
019
051
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Shipments (not seas adj }, total t
do .
Durable goods industries, total
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts ,
Instruments and related products
do .
do
do
do
. ... do ...
do
do
do .
do
do
Nondurable goods industries, total
Food and kindred products
Tobacco products
..
Textile mill products
do .
do .
do
do .
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
Primary metals
.
Blast furnaces, steel mills
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments and related products
Nondurable goods industries, total #
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
See footnotes at end of tables
do
do .
do
do
do
do
do .
do
do
do
do
do
do .
. do.. .
do
do
do
.. do
do
do
do
. do..
do .
1,845,934 1,997,775 170,022 169,040 179,978 156,408 166,520 174,010
936,030 1,019,879 88,627 88,289 95,046 78,497 83,181 88,536
45,518
4,364
4,279
4,151
4,335
49,051
4,592
4,288
134,051 137,970 12,431 12,267 12,628 10,806 11,556 11,724
6,437
6,617
62,481
70,933
6,364
5,736
5,921
5,965
116,868 123,117 10,724 10,800 11,300
9,701 10,535 10,671
182,837 204,644 17,194 16,869 18,736 15,465 16,244 17,814
125,907 136,583 11,301 11,338 12,330 10,351 11,402 12,339
191,387 219,761 19,872 20,067 21,924 16,373 16,547 18,286
114,909 137,404 12,664 13,045 14,397 10,228
9,997 11,039
45,993
50,233
3,979
4,148
4,552
4,198
4,587
3,894
909,903 977,896 81,395 80,751 84,932 77,911 83,339 85,474
254,745 266,111 22,312 21,749 23,171 21,057 22,394 23,316
12466
1 101 1,046
13623
1 149 1,186
1,218
1 190
46,167
4,225
4,409
4,755
50,682
3,755
4,430
4^713
71,660
77,745
6,587
6,563
6,720
6,106
6,658
6,690
167,099 182,343 15,607 15,413 16,153 14,180 15,055 16,078
176,598 194,703 15,723 16,236 16,491 15,772 16,458 16,086
4,133
4,227
48,060
46,640
3,915
3,732
4,040
4,087
170,346 161,275 155,673 '144,641 '160,949 '166,941 159,521
86,763 80,945 78,345 '70,029 '80,277 •85,153 80,987
3,824
4,164
3,400
3,239
3,541 '3,867
3,827
9,728 10,146
11,191 10,114
9,090
'9,840
9,585
5,698
5,154
4,779
4,958
5,177
'4,933
4,565
10,497
9,297
8,328
8,850
9,464 '10,274
9,775
17,136 16,675 17,959 14,843 17,429 •17,892 15,721
11,839 11,583 11,012 10,276 11,548 '11,955 11,475
18,828 17,433 16,669 13,891 16,837 •18,956 18,809
12,299 10,670
8,939
8,534 10,255 •11,829 12,503
4,395
4,251
4,237
3,532
4,007 •4,335
3,951
83,583
22,763
1 164
4,320
80,330
21,900
1,199
4,001
6,347
14,477
15,778
3,525
77,328
21,343
1218
3,703
81,641
3,860
10,635
5,518
81,146 '77,476 '79,759 •79,253
3,822
3,877
3,825 •3,803
9,803 10,542
9,847 '8,873
5,407
5,144
4,997 •4,339
9,440
9,186
9,564 '9,783
17,417 •16,103 '16,616 '16,429
11,159 11,066 11,300 •11,422
17,427 15,132 16,499 '17,100
10,018
9,013
9.9S8 •10,341
3,920
4,241
4,103
'4,142
79,935 79,121 79,670 •78,988
21,296 21,914 22,421 '22,028
1,193
1,182
1,190
1,138
3,875
3,797
4,029 '4,151
6,500
6,553
6,520 •6,490
15,794 15,079 15,241 •15,206
15,542 15,112 14,080 '13,809
3,698
3,673
3,549 '3,396
5,993
14,800
15,846
3,329
74,612
20,361
1,135
3,431
6,250
14,238
15,136
3,387
167,491 167,527 171,494 170,324 169,518 168,581 164,085 161,979 161,081 '156,597
86,327
4,293
11,691
6,101
86,664
4,180
11,824
6,209
10,459
16,836
11,373
18,961
11,987
4,030
81,164
22,700
1,095
4,195
6,536
14,704
15,969
3,962
10,594
16,775
11,597
19,130
12,257
4,208
80,863
21,931
1,034
4,350
6,426
14,875
16,404
3,850
88,770
4,207
11,810
6,172
10,591
17,303
11,679
20,440
13,378
4,257
82,724
22,676
1,154
4,467
6,392
15,296
16,357
4,074
87,319
4,250
11,971
6,228
10,547
17,070
11,713
18,967
12,390
4,308
83,005
22,638
1,195
4,496
6,493
15,459
15,859
4,129
86,841
4,004
11,981
6,111
10,432
17,246
11,682
19,431
12,370
4,205
82,677
22,453
1,186
4,414
6,446
15,458
16,405
3,956
6,581
14,787
16,249
4,152
86,179
4,024
11,609
5,929
10,286
17,353
11,667
18,956
11,971
4,299
82,583
3,845
11,065
5,710
9,989
16,924
11,262
17,198
10,686
4,241
82,402
22,421
1,211
4,427
6,537
15,489
16,049
3,971
81,502
22,077
1,099
4,061
6,489
15,053
16,479
3,945
9,494
17,446
11,433
16,803
10,018
4,146
80,338
21,493
1,173
3,934
6,533
15,328
15,830
3,642
80,672 •81,788 78,534
22,591 •22,927 21,581
1,121
1,112
1209
3,991
•4,463
3^965
6,622 •6,761
6,438
15,570 •16,403 15,765
14,397 '13,793 14,311
3,680
3,678 '3,622
'159,429 '158,241 157,447
79,133
3,768
9,006
4,327
9,536
15,512
11,517
17,992
11,829
4,003
78,314
21,922
1,202
3,935
6,396
14,930
14,536
3,522
May
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
1981
Apr.
Annual
June 1982
May
June
July
Aug
1982
Sept
Oct
Nov
Dec
Jan
Feb
Mar.
Apr
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS t— Continued
Shipments (seas, adj ) t —Continued
By market category, t
Home goods and apparel
'135,305
'329 447
'277,289
'134,879
'143,458
•825,553
•145,530
'345 664
•306,690
•158,828
'149,928
•891,128
12,282
29003
25,185
13,827
13,056
74,137
12,235
28207
25,241
14,134
12,812
74,898
12,572
29344
25,938
15,230
12,696
75,714
12,792
29219
25,208
14,381
12,754
75,949
12,400
28919
26,044
14,227
12,289
75,639
12,217
29267
26,185
13,688
12,310
74,914
11,971
28664
25,163
12,442
11,925
73,920
11,793
28506
26,236
11,600
11,564
72,280
11,088 11,179 12,052 '11,868
28551 28854 29772 '29 458
27,045 '24,181 '25,507 '25,699
11,678 10,608 11,584 '11,889
11,392 11,333 11,288 '11,581
71,327 70,442 69,226 '67,746
11,352
29283
24,168
13,376
11,287
67,981
do . . •58,493
do.
'308,368
•267 210
•41 158
•63,343
'338,562
'288,611
•49 948
5,547
27,773
23,810
3964
5,291
27,982
24,041
3941
5,403
28,714
24,602
4112
5,512
28,160
23,931
4229
5,274
28,992
24,573
4419
5,360
28,822
24,608
4214
5,194
27,871
23,534
4337
5,128
28,935
24,433
4502
5,138
4,921
4,880
'5,059
29,377 '26,638 '27,835 '28,036
24,750 '22,477 '23,217 '23,141
4627
4 161
4618 '4895
5,010
26,541
21,943
4598
mil $
Equipment and defense prod., exc auto
Automotive equipment
Construction materials and supplies
Other materials and supplies
Supplementary series:
Household durables
Capital goods industries
. do.. .
do...
do
do. .
Inventories, end of year or month: t
Book value (unadjusted), total
Durable goods industries, total
Nondurable goods industries, total
do ... 256,584
do . . 169,616
do...
86,967
Book value (seasonally adjusted), total t . . do .
By industry group:
Durable goods industries, total #
do .
Stone, clay, and glass products.
... do .
Primary metals
do ...
Blast furnaces, steel mills
do.. .
Fabricated metal products .
, do .
Machinery, except electrical
do
Electrical machinery
do. .
Instruments and related products ... do.
By stage of fabrication t
Materials and supplies
do ...
257,979
171,603
6,145
21,976
11,844
19,773
39,189
24,383
36810
9694
9,281
274,257 269,614 271,609 270,228 271,008 272,545 273,900 276,040 277,405 274,257 276,113 277,776 '276,358 276,378
182,615 179,091 179,959 179,710 180,681 181,967 183,091 184,310 185,149 182,615 184,072 185,727 '185,079 185,409
91,642 90,523 91,650 90,518 90,327 90,578 90,809 91,730 92,256 91,642 92,041 92,049 '91,279 90,969
275,878 267,506 269,260 269,709 271,872 273,361 276,616 278,440 279,544 275,878 275,175 276,206 '274,918 274,161
184,690 177,123 177,635 178,676 180,855 182,221 185,140 186,718 187,275 184,690 184,057 184,470
6,967
6,390
6,509
6,967
6,781
6,857
6,599
6,642
6,831
7,037
6,923
6,953
25,194 23,402 23,163 23,334 23,926 24,412 25,087 25,268 25,361 25,194 25,236 25,486
13,089 12,362 12,112 12,169 12,556 12,734 13,120 13,148 13,129 13,089 13,066 13,262
20,314 19,799 19,796 19,973 20,031 20,232 20,440 20,598 20,733 20,314 20,630 20,442
42,472 39,705 40,070 40,342 41,036 41,366 42,017 42,282 42,502 42,472 42,324 42,517
26,325 25,589 25,457 25,689 25,987 26,243 26,517 26,865 27,976 26,325 26,182 26,150
39 175 38305 38427 38,628 38,949 38,695 39,424 40,264 40250 39175 39012 39211
8970
9,489
9,376
9,275
9,397
9,094
8,970
8,641
8,555
9,088
9,316
9,453
9,765
9,581
9,645
9,603
9,771
9,707
9,569
9,585
9,738
9,714
9,765
9,606
..
do .
Nondurable goods industries, total # . .. do
Food and kindred products . . .
do . .
Tobacco products
. . . . do .
Textile mill products
do . .
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
By stage of fabrication:
By market category: t
Home goods and apparel
.
do .
do . .
do ..
do. .
Equip, 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.
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
Blast furnaces, steel nulls
Nonferrous and other primary met
Fabricated metal products
Machinery, except electrical
Aircraft, missiles, and parts
Nondurable goods industries, total
Industries with unfilled orders $
Industries without unfilled orders H
By market category t
Home goods and apparel . .
Equip and defense prod , excl auto
Automotive equipment
Construction materials and supplies
Other materials and supplies
Supplementary series.
Household durables
Capital goods industries
Defense
See footnotes at end of tables
53,808
77935
39,860
56,822
83713
44,155
55,857
81000
40,265
55,282
81933
40,420
86,376
22,325
3,507
6,386
7798
18,489
8,240
5,279
91,188
21,101
4,243
6,688
8817
20,438
8,680
5,508
90,383
22,055
3,643
6,545
8246
19,490
9,932
5,652
35572
14 108
36696
Finished goods . .
37122
14373
39693
36656
14799
38927
20,663
32201
69,908
11,872
21,266
102,070
'183,430 183,436
'6,787
6,668
'25,445 24,812
'13,475 13,111
'20,073
'42,186
'25,992
'39 142
'8,460
'9,712
19,997
42,552
25,760
39732
8,424
9,960
56,867
82,431
41,557
56,594
82,996
42,631
57,495
84,083
43,562
57,648
84986
44,084
57,740
85574
43,961
56,822 '56,846
83713 '84 219
44,155 '43,628
56,905 •55,851
83634 '83 267
43,931 '44,312
55,708
83011
44,717
91,625
22,114
3,699
6,562
8224
20,029
10,278
5,616
55,816
81769
41,091
91,033
21,862
3,570
6,604
8332
20,218
9,996
5,634
91,017
21,836
3,765
6,608
8429
20,116
9,604
5,677
91,140
21,951
3,931
6,550
8445
20,281
9,320
5,624
91,476
21,826
3,966
6,642
8588
20,363
9,206
5,703
91,722
21,600
4,043
6,676
8664
20,722
8,772
5,729
92,269
21,619
4,036
6,709
8822
20,755
8,663
5,801
91,188
21,101
4,243
6,688
8817
20,438
8,680
5,508
91,118
21,071
4,343
6,469
8738
20,449
8,710
5,438
91,736 '91,488
21,082 '21,025
4,309
4,391
6,441
'6,324
8949 '9041
20,513 '20,543
9,016
'9,096
5,487 •5,497
90,725
20,972
4,585
6,296
8906
20,308
8,605
5,563
36673
14979
39973
36311
14,607
40 115
36786
14,573
39658
36421
14,772
39947
36692
14,568
40216
36716
14222
40784
37022
14063
41 184
37 122
14373
39693
37013
14438
39667
37003 '36 516
14274 '14 209
40459 •40 763
36311
14672
39742
22,773 21,420 21,761 21,410 21,637 21,881 21,982 22,570 23,064 22,773 22,717 22,610
33005 32693 32891 32658 32826 33205 33 142 33 184 33020 33005 33083 33 402
75,823 72,284 72,697 73,240 73,756 74,156 75,148 76,180 76,570 75,823 75,711 76,282
11,364
11,666 11,592 11,530 11,688 11,394 11,714 11,866 11,570 11,364
11,007 10,886
22,575 21,660 22,055 22,393 22,613 22,727 23,006 22,795 22,901 22,575 22,244 21,866
110,338 107,783 108,264 108,478 109,352 109,998 111,624 111,845 112,419 110,338 110,413 111,160
'22,081
'33 488
'76,105
'10,775
'21,607
'110,862
21,895
33 251
77,271
10,775
21,266
109,703
10,880 10,360 10,323 10,250 10,446 10,674 10,719 10,981 11,037 10,880 10,902 10,837 '10,638 10,568
9,992
78,245
85,289 81,266 81,608 82,376 83,283 83,742 85,074 86,053 86,513 85,289 85,215 85,921 •85,658 86,616
71,647 69,100 69,335 69,676 70,602 71,053 72,055 72,985 72,972 71,647 71,410 71,850 •71,224 72,167
67,224
13,642 12,165 12,273 12,700 12,681 12,689 13,019 13,068 13,541 13,642 13,805 14,071 '14,434 14,449
11,021
do . 1,860,706 1,998,049 171,926 168,602 178,014 156,831 164,781 172,733 168,150 158,259 154,967 '148,271 '160,957 •167,397 158,011
do. . 951,169 1,020,808 90,242 87,680 93,280 79,035 81,487 87,507 84,898 78,472 77,825 '73,362 '80,727 •85,598 79,368
do. . 909,536 977,240 81,684 80,922 84,734 77,796 83,294 85,226 83,252 79,787 77,142 74,909 80,229 '81,799 78,643
do •1,860,706 •1,998,049 168,584 169,340 170,913 172,611 170,063 168,444 159,005 159,923 159,469 '156,362 '158,467 •158,867 155,264
do. .
do
do....
do..
do . .
do. .
do ...
do .
do.. .
do
do...
do.
. do . .
do
do..
do.
.. do.
'951,169 •1,020,808
'134 057 '134 411
'63,212
•69,519
•58,694
•52,465
'115,993 '121,692
'182,782 '204,948
'130744 '140 846
'202 676 '220 808
•63,658
'59,381
'909,536 '977,240
'184,073 •201,943
'725,462 '775,294
87,180
11,831
6,337
4,475
'145,479
'345 823
•310,210
'158,721
•149,162
•888,643
88,303
11,324
6,040
4,235
10,979
17,303
12600
20,909
4,083
82,610
16,814
65,796
89,696
12,466
6,436
4,842
10,804
16,376
12055
20,653
6,116
82,915
17,213
65,702
87,350
11602
6,082
4,466
9,901
17,658
11920
20375
5,106
82,713
17,033
65,680
86,278
11422
6,022
4,348
10,054
17,498
12487
18627
5,617
82,166
17,031
65,135
77,804
10 170
5,107
3,944
9,282
15,984
10370
15780
3,432
81,201
16,605
64,596
79,956
10032
5,124
4,036
81,404
17,083
64,321
88,164
11,809
6,076
4,612
10,607
17,082
11 721
20,093
5,803
81,176
17,052
64,124
12,328
29075
25,606
13,822
12,843
74,909
12,083
28188
25,365
14,258
12,755
76,691
12,776
29384
25,025
15,083
13,166
75,479
12,828
29253
26,944
14,474
12,900
76,059
12,353
28945
27,503
14,284
11,944
75,034
12,221
29282
25,302
13,408
12,273
75,958
'58,182 '63,333
5,603
•326,752 '344,264 28,699
'270 571 '281 618 24,723
'56.181 '62.641
3.976
5,119
29,248
23,865
5.383
5,625
28,186
23,230
4.956
5,510
29,708
24226
5.482
5,252
30,459
24700
5.759
5,388
29,580
23026
6.554
'134,892
•329 505
'291,959
•133,322
'142,790
•828,235
10,291
17,504
11960
18,698
3,777
9,262
17,472
11873
15429
3,966
79,967
16,644
63,323
79,764 "17,268 •79,217 •79,996
9378
9153
8584 •7763
4,949
4,419
3,987 •3,613
3,698
3,857
3,802 •3,365
9,270
8,757
9,555 •9,778
17,605 '15,564 '14,578 •14,410
11650 11 506 11337 '12 872
16071 16959 19053 '19 440
4,657
5,785
7,166
'7,768
79,705 79,094 79,250 •78,871
16,720 16,509 16,633 '17.286
62,985 62,585 62,617 '61,585
76,840
8 104
3,695
3,635
8,421
14,410
12448
18084
4,728
78,424
16,713
61,711
11,578
28655
23,225
12,490
11,571
71,486
11,556
28547
26,956
11,171
11,698
69,995
10,989
28 493
25^647
11,805
11,033
71,502
11,177 11,893 '11,915
28 840 29 785 '29 529
'27,237 '26,933 '26,619
10,513 11,290 '11,837
10,778 11,000 '11,909
67,817 67,566 •67,058
11,259
29 387
24,391
12,990
10,498
66,739
4,810
24,826
20996
3.830
4,873
28,663
23813
4.856
4,836
28,552
22518
6.034
4,902
5,033 '5,112
'28,440 '29,130 '29,993
'21 744 '20 461 '22 069
6.696
8.669 '7924
4,918
26,967
20 946
6020
May
SURVEY OF CURRENT BUSINESS
June 1982
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
S-5
1982
1981
Annual
May
Apr
June
July
Aug
Sept
Oct.
Nov.
Dec
Feb.
Jan
Mar.
May
Apr
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS f— Continued
Unfilled orders, end of year or month (unadjusted),
317 661
total t
.
• • mil $
Durable goods industries, total
. , do . 306,995
Nbndur, goods md with unfilled orders $
do . . 10,666
Unfilled orders, end of year or month (seasonally
adjusted) total t
.
. mil $
By industry group
Durable goods industries, total # . -.
do
Primary metals . . . .
do
Blast furnaces, steel mills
. .
do .
Nonferrous and other primary met.
do .
Fabricated metal products
Machinery, except electrical .
Electrical machinery . . .
Transportation equipment . . .
Aircraft, missiles, and parts .
do
do
... do....
do .
do .
Nondur goods md. with unfilled orders t do
By market category t
Home goods, apparel, consumer staples
Equip and defense prod , incl. auto .
Construction materials and supplies
Other materials and supplies
317 931 328,847 328,411 326 446 326,866 325,133 323,853 321,651 318,635 317,931 '321,753 •321,753 '322,216 320,701
307,918 317,342 316,736 314,968 315,502 313,812 312,779 310,908 308,436 307,918 '311,444 '311,887 '312,336 310,713
9,866 '9,880
9,988
10,013 11,505 11,675 11,478 11,364 11,321 11,074 10,743 10,199 10,013 10,309
319,729
319,865 324,694 326,508 325,918 328,206 328,757 328,613 323,538 321,478 319,865 '319,518 '318,553 '319,174 316,988
308,815
30,248
17,439
9,008
309,611 313,450 314,954 314,477 316,853 317,369 317,460 312,681 310;995 309,611 '309,290 '308,746
26,599 29,095 29,080 28,595 29,090 28,708 28,521 27,627 27,024 26,599 25,210 23,947
15,977 17,161 17,028 16,897 17,105 17,075 17,168 16,565 16,171 15,977 14,989 13,979
7,392
7,638
7,522
7,053
6,934
7,392
8,572
8,712
8,425
8,599
8,344
8,062
28,746 29,964 29,975 30,362 30,620 30,091 29,856 29,150 28,917 28,746 28,318 28,306
74,713 75,270 75,580 75,578 74,885 75,297 75,440 74,499 74,526 74,713 '74,064 '72,027
51,563 49,082 49,207 50,124 50,466 50,707 51,526 50,634 51,072 51,563 52,002 52,037
113,927 115,934 116,900 115,515 117,456 118,405 118,073 116,657 115,283 113,927 115,752 118,307
90,435 90,249 91,319 90,504 92,166 92,449 93,126 92,010 91,187 90,435 91,899 94,702
30,189
74,396
47,225
113,043
88,371
10,913
10,254
11,244
11,554
11,441
11,353
11,388
11,153
10,857
10,483
10,254
10,228
9,807
'309,485 307,190
'22,838 21,934
'13,253 12,620
'6,718
6,562
'28,302 27,185
'70.005 68,902
'53,485 54,417
'120,646 120,740
'97,786 98,165
'9,689
9,798
. do .
do
do .
do.
3,988
186,876
17,587
111,277
4,163
4,145
4,128
4,922
4,902
4,921
4,517
4,320
4,000 '4,116
4,163
4,782
4,609
4,854
190,237 191,739 191,990 190,926 192,756 194,278 193,108 191,219 190,510 190,237 '193,086 '194,219 '195,084 194,920
16,791 17,195 17,137 17,607 17,752 17,407 17,371 17,017 17,151 16,791 16,237 15,949 '16,277 15,488
108,674 110,978 112,772 112,531 112,645 112,170 113,213 110,785 108,497 108,674 106,050 104,385 '103,697 102,452
do
2,954
216,028
147,673
68,355
3,007
3,028
2,923 '2,975
2,884
3,684
3728
3708
3,348
3,093
3007
3511
3732
3735
221,617 221,248 222,518 222,984 223,533 225,006 225,758 222,716 222,442 221,617 '223,306 '224,603 '226,555 226,980
135,065
140,737 148,838 148,666 147,288 147,581 147,712 146,126 143,589 142,969 140,737 '139,893 '137,139 '136,062
80,880 72,410 73,852 74,696 75,952 77,294 79,632 79,127 79,473 80,880 83,413 87,464 '90,493 91,915
533,520
580,867
Supplementary series.
Household durables ..
Capital goods industries
Nondefense .
..
do .
do
..
Defense
. do
BUSINESS INCORPORATIONS @
New incorporations (50 States and Dist. Col )
Unadjusted . . .
Seasonally adjusted
number
do
.. ..
49,574
INDUSTRIAL AND COMMERCIAL
FAILURES ®
Failures, total .
number
Commercial service
..
do .
Construction
do
Manufacturing and mining
.
, do
Retail trade
. . . .
, do .
Wholesale trade
do
11,742
1,594
2355
1,599
4,910
1,284
thous $ 4,635,080
do .
413,502
do .. 752,109
do
1,885,017
do
993,539
do
590,913
Liabilities (current), total..
Commercial service
Construction
. .
Manufacturing and mining . . .
Retail trade .
. .
Wholesale trade
52,032
1557
217
327
225
625
163
536 877
65,913
58,801
188,987
165,283
57,893
48,115
48,907
142 1
61 8
52,566
50,433
45,762
47,483
48,305
48,792
49,002
47,947
43,533
49,413
48,650
47,556
42,680
43,330
42,511
47,234
609
521
600
490
393
427
464
594
516
607
526
382
436
593
524
621
507
373
584
528
728
432
381
434
601
545
892
421
400
608
534
789
409
391
425
1408
1432
209
184
335
298
318
180
181
184
592
594
599
146
126
147
428 199 408 543 619 462
60^998 84,435 44,158
63,722 53,597 68,285
113,187 97,692 95,513
109,416 138,900 287,268
80,876 33,919 124,238
1,464
211
Failure annual rate (seasonally adjusted)
No per 10 000 concerns
51,729
48,489
620
608
659
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS H
Prices received, all farm products
Crops #
Commercial vegetables
Cotton
.
Feed grains and hay
Food grains
Fruit .
Tobacco
..
1910-14= 100 .
..
...
Livestock and products #
Dairy products
do
do .
do
do
do
do.
do .
do
do ..
Meat animals
do .
Poultry and eggs
do .
Prices paid.
Production items
.
...
.. do..
All commodities and services, interest, taxes, and
wage rates (parity index)
. . 1910-14=100
614
539
562
583
417
452
465
1,219
691
631
579
673
652
618
664
614
488
486
456
565
446
456
477
1,360
1,300
798
685
841
687
832
878
842
255
265
799
854
950
1,031
648
615
650
612
494
471
470
1,304
650
597
597
601
649
595
662
594
627
558
622
549
478
463
430
430
474
1,409
439
436
475
1,304
440
1,369
704
820
704
851
680
826
845
264
254
261
863
863
890
820
885
270
866
859
1,037
1,038
do .
65
61
63
63
63
1,035
63
Not Seasonally Adjusted
ALL ITEMS, WAGE EARNERS AND
CLERICAL WORKERS, REVISED
(CPI-W) .
1967=100.
2470
272.3
2668
2691
2714
2746
Parity ratio §
...
....
1,031
1,033
699
820
877
265
1,452
477
1,404
701
675
844
873
264
856
823
255
442
561
1,422
547
1,469
664
856
794
641
856
756
266
659
850
791
259
547
1,478
685
844
841
264
'616
'530
'632
'452
'404
'417
'537
631
538
600
453
656
423
392
419
533
1,478
1,469
412
411
579
1,469
699
832
870
268
'706
820
'898
255
727
813
948
247
840
856
858
866
866
873
1,058
1,060
1,067
1,066
1,072
57
1,031
57
57
57
57
58
280.4
2811
282.1
2829
2825
2837
859
850
1,037
1,037
60
1,040
59
57
2765
279.1
2797
858
253
432
519
1,478
608
521
849
59
CONSUMER PRICES
(U.S. Department of Labor Indexes)
ALL ITEMS, ALL URBAN CONSUMERS
(CPI-U)
1967=100
Special group indexes:
All items less shelter
. .
do. .
All items less food . . . .
.. do.. .
All items less medical care . . .
do.
See footnotes at end of tables
2865
.
246.8
272.4
2668
2690
2713
2744
2765
2793
2799
2807
281.5
2825
2834
2831
2843
2871
2355
2440
2455
2585
2706
270.9
254.9
2642
2654
2562
2670
2676
2578
269.5
269.9
259.9
2727
273.0
2614
2749
2749
2635
2645
2790
278.3
2654
2660
2808
2796
267.4
2814
2806
2683
282.1
281.5
2685
2687
2706
2860
2849
2782
2778
2801
279.0
2817
2809
282.9
2821
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1982
1981
1981
Annual
June 1982
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
COMMODITY PRICES—Continued
CONSUMER PRICES— Continued
(US Department of Labor Indexes) — Continued
Not Seasonally Adjusted
All items (CPI-U)—Continued
Commodities
1967—100
Nondurables
do. .
Nondurables less food
do .
Durables
do
Commodities less food
. . . . do . .
Services
do.
Services less rent
do
Food #
. . . do
Food at home .
do. .
Housing
.
.
. do. ..
Shelter #
.do.
Rent, residential . . .
..
do .
Homeownership
do .
Fuel and utilities #
. . . do..
Fuel oil, coal, and bottled gas
do.
Gas (piped) and electricity
do
Household furnishings and operation . do...
Apparel and upkeep
.
do .
Transportation
..
do.
Private
do .
N e w cars . . . . . .
.
.. do.
Used cars
...
do .
Public
... do .
Medical care . . .
..
do .
Seasonally Adjusted
All items, percent change from previous month
Commodities
1967=100
Commodities less food
do
Pood
.
. . . .
.do
Food at home
do .
Apparel and upkeep
. do.
Transportation .
..
....
do.
Private
do
New cars .
...
do ..
Services .
..
do ...
PRODUCER PRICES §
(US. Department of Labor Indexes)
Not Seasonally Adjusted
All commodities
1967=100..
By stage of processing: t
Crude materials for further processing .. do .
Intermediate materials, supplies, etc . . . . do. .
Finished goods #
do .
Finished consumer goods . . .
do ..
Capital equipment
. . do ,
By durability of productDurable goods
do
Nondurable goods . . . .
do
Total manufactures
do .
Durable manufactures
.
do
Nondurable manufactures .
do .
Farm prod., processed foods and feeds
do
Farm products
do
Foods and feeds, processed .. ..
. . . . do ..
Industrial commodities
..
do . .
Chemicals and allied products . .
do
Fuels and related prod , and power
do. .
Furniture and household durables
do.
Hides, skins, and leather products
do
Lumber and wood products.. . .
. . do....
Machinery and equipment . . .
do .
Metals and metal products
do
Nonmetallic mineral products .. ..
do
Pulp, paper, and allied products
do. ..
Rubber and plastics products
....
do
Textile products and apparel
do
Transportation equipment # .Dec 1968=100..
Motor vehicles and equip.
1967= 100
Seasonally Adjusted :t
Finished goods, percent change from previous
month
By stage of processing; t
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....
PURCHASING POWER OF THE DOLLAR
As measured by
Producer prices .
. 1967=$! 00.
Consumer prices
.
do
See footnotes at end of tables
2536
2663
257.5
227 1
241.2
3057
324.3
2746
269.9
2935
3147
2082
352.7
3192
6759
345.9
2213
1869
2800
277.5
1902
2569
3120
294.5
2508
265.9
2581
221 1
238.0
295.4
3128
2729
2687
284.8
3038
2042
3393
310.5
6906
3306
2192
1864
2753
2734
186.1
2391
2972
2870
2519
2658
2582
2239
2396
299.6
3174
2725
2677
2885
308.4
2059
3450
3149
685.8
3396
2201
1864
2778
2760
1909
2452
2977
289.0
2532
2662
2580
2266
2411
3035
3219
2736
2687
2922
312.6
2068
350.4
320.2
682.0
3502
2211
185.8
2799
2779
192.2
252.9
3039
2915
255.0
267.1
257.5
2296
2426
3088
3281
276.2
2716
2970
3185
207.8
3580
325.1
6779
357.6
222.4
1847
2826
279.6
1925
2603
323.1
2956
2562
2681
258.4
2309
2438
3122
3317
2774
2728
2997
3220
2103
361.8
3278
6746
3608
222.9
1874
2837
2805
1919
2669
3265
299.3
2577
2695
260.3
2326
2455
3173
3375
2780
2732
3037
3269
2119
3678
3311
6734
3645
2245
1907
285.2
2819
1913
2728
3291
301.7
0.4
2501
237 3
272.3
2679
1857
2745
2728
186.1
296.0
2339
2450
2352
2104
2220
2703
2851
2546
251.5
263.3
2817
1916
314.0
2786
5560
301.8
2054
1784
2497
249.2
179.3
2081
2516
2659
08
2511
2385
2726
2680
1858
275.8
274 1
1899
2999
07
2521
2397
273.2
2682
1861
276.9
2749
1920
3033
11
2540
2416
2750
2699
1871
2797
2766
1928
3086
08
2554
2430
276.5
2713
188.4
2814
2783
192.8
312.2
1.1
257.3
2449
2783
273.3
1890
2846
2815
193.7
316.9
2579
269.5
2607
232.9
2459
3186
338.7
2776
2721
3035
3266
2136
3667
3301
6727
360.6
2256
1915
2872
2839
1925
278.2
3308
3048
2580
2695
2611
2332
2462
3206
3408
2771
271.0
3042
3272
215.0
3672
3298
676.1
358.3
227.2
191.3
289.1
2858
195.3
281.4
3332
3082
2584
2698
2611
2337
246.5
3218
3420
277.8
2717
3052
328.0
2165
3678
3318
6825
3599
2277
258.3
2459
2790
2735
1895
2882
285 1
1940
3184
0.4
1905
289.8
2865
1970
2819
3338
3102
2588
2708
2602
233.4
2459
3239
344.2
2810
2753
3061
3283
2178
3675
3362
686.0
3674
2284
1873
2899
286.6
1974
2805
3349
3134
2595
2717
2601
2337
2460
3253
3457
2833
2780
3073
3295
2186
3687
3371
6831
3687
2302
188.0
2880
284.5
1955
2797
336.8
3162
2588
2707
2584
2335
2452
3255
3457
2830
2771
306.7
3276
2196
3657
3393
6640
3759
2316
1911
2851
281.3
1944
2809
3367
3188
2589
2693
2550
2358
2450
328.4
3491
2839
2779
3094
3314
2201
3706
3392
6413
3778
2326
1919
2829
2788
196.0
285.1
339.3
321.7
261 5
2707
2562
2398
2478
3318
3528
2855
279.8
313.8
3367
221.8
3774
3454
6446
3886
2334
1915
2856
2815
1975
2914
3421
3238
05
2588
2465
2793
2733
1893
290.8
2878
1946
3214
04
2596
2475
2795
2731
1894
2925
2896
1961
3229
0.3
2599
2472
2815
2759
189.3
2919
2887
1960
3244
02
2604
2472
2832
2781
1901
2899
2865
1945
325.6
-03
2591
2459
2822
2764
1909
2871
2834
1946
3257
02
2584
2446
283.0
2771
1911
2826
2785
196.0
3287
10
2607
2469
2854
2799
1910
2838
279.7
1965
3318
2688
293.4
2934
2941
2948
296.2
2964
2957
2961
2955
2958
'2983
298.5
2979
297.9
2986
3046
280.3
2470
248.9
239.8
329.0
306.0
269.8
271.3
2643
3363
305.8
2685
2706
2608
334.4
3067
2699
2715
2625
335.4
3072
2705
2723
2638
3373
3085
2718
2735
2654
3330
3101
2715
2730
265.8
3274
3097
2715
2731
2653
3199
309.4
2743
2751
2715
313.9
3090
2747
275.2
2730
3115
3094
275.4
2758
274.1
'3184
'3110
'2779
'2783
'2762
3215
311.3
2774
2781
274.8
3199
310.9
2769
2772
275.7
3228
3101
2769
276.9
2771
3281
3098
2777
277.6
2783
2515
282.4
2615
2508
2730
244.7
2494
2412
274.8
2603
5740
1877
2489
2889
2398
2864
2830
2492
2174
1835
2070
2088
2698
3124
2860
2696
303.6
2515
2549
248.7
3041
2878
6944
1984
2615
2928
2631
300.4
3095
2737
2328
1996
2354
2375
2678
3142
285.3
2672
3049
2538
2633
2476
303.5
286.0
7072
1964
2635
2994
2596
2988
3108
2714
2308
1976
2319
2339
268.6
3148
2862
268.2
3057
252.9
2596
2482
3047
2886
7090
197.4
263.7
2984
2607
299 1
3120
2721
2318
1992
233.6
2360
2691
3157
286.9
2689
3064
2543
2607
2499
305.1
2905
7076
1973
2616
2981
262.1
2984
3136
272.9
2334
200.1
2343
236.7
2708
3168
288.0
2706
3069
2568
2633
2522
3062
291.3
704.9
1995
2611
296.5
2648
3020
3143
2749
2321
2013
2350
2374
271.9
3162
2886
2717
3069
2542
2579
2512
3072
2933
7043
1996
2613
2945
266.2
304 1
3141
2759
2341
2024
2359
2384
2718
315.0
2883
2717
3063
2503
251 1
2489
3074
293.3
7035
2010
2617
2893
2681
304.9
3132
2778
2357
2029
2318
2328
2750
3128
2898
2751
3055
2460
2431
2466
309.0
2924
6981
2013
260.0
2843
2693
3053
3133
2792
2373
204.0
2445
2478
275.4
3114
2897
2758
3045
2425
2374
244.3
3093
2920
6981
2021
259.8
282.1
2704
304.2
3137
2804
2380
2036
2463
2489
2760
311.4
2899
2765
304.3
2410
234.6
2436
3100
2918
7025
202.9
260.7
2854
2720
3033
3135
2810
2383
2034
2468
249.5
'2776
3147
'2919
'2780
306.8
'2460
'2422
'247.1
'3118
'2929
'7051
'2035
'2618
'2855
'2741
'304.7
'3156
'2855
'2373
'2050
'248.6
'250.8
2773
3153
2919
2777
3072
2485
247 1
2483
3114
2945
697.6
2039
2633
2854
2749
3050
3184
2854
2410
2042
244.7
2461
2773
3142
291.4
2778
3058
2475
2446
2481
3110
2946
6901
2047
2627
285.4
2757
3036
3197
2863
2418
205.0
244.9
2464
278.1
313.5
2909
278.7
303.9
2514
2506
2508
3099
2945
6712
2056
2644
2861
2773
3038
320.0
2879
2419
204.7
2456
2466
2784
3145
291.3
279.1
304.1
255.6
256 1
2544
3095
2962
6619
2061
2634
2839
278.1
3034
319.1
2891
242.9
205.1
247.2
248.7
09
0405
0406
0.371
0367
02
06
04
03
0.2
06
0.5
0.3
'OS
'-03
-01
01
00
333.2
3041
2682
270.4
252.7
2755
2162
3198
2602
333.7
3057
268.8
2706
253.3
2756
217.7
318.8
262.0
3369
306.9
2703
2720
2545
2771
2189
3204
264.1
3376
3081
2713
2729
2566
2774
2185
3212
2656
3344
3097
272.1
2733
256.8
2779
2196
3215
2674
3284
3098
2726
273.9
255.5
2793
219.5
3239
267.8
3227
3097
274.2
2752
2550
281.4
222.5
325.3
2705
3181
310.6
2755
2763
2532
2838
2245
3280
2725
313.6
311.1
2763
276.9
2530
2846
2247
329.3
2741
'319.3
'3120
'2778
'2785
2559
'285.6
'2244
'3313
'2754
3173
3114
2769
2777
2571
284.0
2226
329.6
274.1
3146
3104
2765
2768
256.7
283.0
2239
327.0
2755
320.2
308.5
2767
276.8
2608
2811
2234
3243
276.5
3273
308.8
2768
276.6
2627
2801
2243
321.8
2777
0372
0375
0371
0372
0.370
0369
0368
0364
0368
0362
0.368
0358
0365
0357
0.364
0356
0363
0355
0360
0354
0360
0353
0361
0353
0.361
0352
0360
0348
S-7
SURVEY OF CURRENT BUSINESS
June 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
Annual
1981
Apr
May
June
July
Aug
1982
Sept
Oct
Nov
Dec
Jan
Peb
19,200
15,234
6,025
3,953
15,442
15,097 '17,067
12,092 '13,668
'4,738 '5,555
3,146 '3,777
4,542
1,226
2,619
4,575
465
531
3,005
1,264
Mar
Apr
May
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE
New construction (unadjusted), total
mil $
Private, total #
do .
Residential
. do .
New housing units
do .
Nonreaidential 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
.
237,037
19,254
19,978
87,261
63,139
7,584
5,524
15,565
7,883
5,613
16,440
7,814
5,694
21,407
16,409
7,610
5,541
21,834
16,363
7,359
5,384
21,307
16,349
7,106
5,031
20,174
15,088
21,297
16,355
8,001
5,810
21,498
183,501
85,806
61,989
52,434
13,837
29,945
59,747
16,883
33,489
4,614
1,239
2,609
4,716
1,283
2,698
5,073
1,370
2,875
5,333
1,492
3,028
5,511
1,621
3,065
5,527
1,651
3,031
5,635
1,684
3,087
5,498
1,611
3,067
5,237
6,733
7,039
53,536
18,452
557
4,166
1,493
159
170
168
880
590
5,058
1,601
146
602
4,998
1,615
150
157
145
645
5,470
1,745
696
4,958
1,500
626
4,536
129
230
124
112
647
3,966
1,498
146
163
1,469
1,563
151
1,414
13,162
do
..
do
N e w housing units . . .
.
do
Nonresidential buildings, except farm and
public utilities, total #
bil $
Industrial
do
Commercial . ..
do
Public utilitiesTelephone and telegraph
do
Public, total #
..
do.
Buildings (excluding military) # ..
do
Housing and redevelopment
do
Industrial . . . .
d o
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 )
1977 = 100
Public ownership .
mil $
Private ownership .
do
By type of building
Nonresidential
do .
Residential
do ..
Non-building construction
. do .
New construction planning
1,507
158
191
1,553
155
187
181
1,061
182
1,465
1,530
2359
234.0
2339
1841
1818
860
64.3
1823
829
605
2298
1806
805
581
2309
1786
785
559
2304
1792
783
528
568
155
334
1,880
13,785
1,746
2,083
1,943
611
4,941
58 1
15.5
1,648
1,788
566
4,414
2465
189.9
952
729
55,376
18,864
. bil $.
Private, total #
Residential
230,273
174,897
324
584
162
324
605
172
340
614
183
337
61.2
18.3
334
65
52.2
176
18
20
23
13.3
68
516
174
1.5
21
6.7
493
175
18
18
71
21
132
122
12.5
14,919
13,651
109
99
12,289
99
3,407
11,512
3,292
10,360
3,336
8,953
12,868
100
3,965
8,903
5,572
5,853
5,270
5,125
897
677
6.9
70
566
518
186
20
179
19
2.2
20
21
151
148,393
'106
41,717
106,676
2.1
124
'15,851 '13,292
123
102
39,070
'3,687 '3,201
111,120 '12,164 '10,092
150,189
'107
183
180
16
522
185
14
24
18
15,638
6,698
4,609
1,573
142
159
166
1,525
2,969
12,434
5,161
3,420
3,008
1,217
112
204
119
163
748
163
431
233.0
2358
1806
1828
78,2
798
232.7
181.1
782
512
612
186
330
621
184
34.5
627
177
359
639
172
72
511
171
14
19
115
74
524
189
16
22
1.9
125
12,328
101
3,541
8,787
5,287
16
1,121
50.9
511
368
74
73
531
516
189
17
26
16.7
17
15
19
11.6
21
126
9,722
92
2,406
7,316
11,577
112
10,580
'115
2,862
8,715
2,673
7,907
1,239
2,623
115
149
145
443
18,397
14,653
6,263
3,890
'5,018
'1,338
5,271
'2,898
3,102
1,357
636
'3,399
3,744
'1,328
'131
1,394
131
178
'585
188
162
705
'2329
181.4
'2342
2328
'1809
1825
762
504
'768
'E2.3
769
656
176
379
'655
'164
'390
662
86
516
183
16
21
18
133
'533
'178
17
20
22
'145
20
12.1
8,881
97
2,998
5,883
13,036
105
4,280
8,756
11,713
88
3,394
8,319
11,821
171
511
170
39.5
77
504
173
1.6
22
94
3,773
8,048
58,250
60,063
31,877
'5,855
'2,398
2,227
2,126
4,380
3,737
1,605
4,445
3,739
3,454
4,872
2,169
3,393
3,458
3,008
4,113
3,143
2,132
5,273
4,600
3,164
4,400
5,904
4,844
2,898
3,606
'6,617
'3,936
2,658
4,233
4,984
2,604
do
149,143
166,366
15,545
14,093
11,684
12,897
11,890
11,999
16,597
15,492
17,516
13,920
12,102
10,844
14,043
9,119
thous
(Engineering News-Record) § .
63,668
32,234
1,312 6
1,292 2
8522
1,100 3
1,084 2
1240
1230
83.6
1106
1099
738
1070
1058
873
597
591
341
472
293
520
51.3
325
'787
499
649
646
40.1
47.6
863
570
909
84.1
58.3
881
725
101.0
999
695
'782
'518
857
'847
'564
1007
1000
579
1,301
868
1,172
1,046
705
1,040
696
946
899
623
854
507
860
554
882
550
885
592
945
568
'931
'621
'888
'572
1,086
622
1,178
659
986
573
941
543
878
505
835
456
738
400
743
413
797
454
803
450
792
436
851
460
'879
'450
969
492
229
262
231
2S6
218
224
207
206
139
211
172
238
202
208
142
267
215
232
157
265
251
221
252
22.3
255
1560
1563
1572
52,492
'5,298
'5,040
5,560
4,894
4,656
HOUSING STARTS AND PERMITS
New housing units started'
Unadjusted
Total (private and public)
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
Unadjusted . . . .
.
Seasonally adjusted at annual rates
thous
do
705.4
1,191
710
986
564
1,186
682
221.6
2407
241
776
614
87.2
CONSTRUCTION COST INDEXES
Dept of Commerce composite
1977 = 100..
1433
1521
1511
1506
1502
1522
1530
1545
1541
153.6
1550
1913=100
do
do
2,495
2,643
2,841
2,645
2,873
2,453
2,600
2,807
2,644
2,855
2,361
2,635
2,805
2,640
2,855
2,485
2,655
2,784
2,631
2,821
2,476
2,678
2,679
2,896
2,668
2,676
2,898
2,658
2,893
2,494
2,678
2,892
2,655
2,896
2,491
2,678
2,878
2,700
2,893
2,646
2,918
2,523
2,659
2,934
2,535
American Appraisal Co , The
Average, 30 cities
Atlanta
.
New York ....
San Francisco
St Louis
Boeckh indexes
Average, 20 cities:
. .
do
do
Apartments, hotels, office buildings 1977=100
Commercial and factory buildings
Residences ....
.
do .
.do
2,660
2,553
2,671
2,343
1251
1277
1289
1374
1401
2877
3014
3103
3289
1630
1567
Engineering News-Record
Building
1967 = 100
Construction
do .
Federal Highway Adm —Highway construction
Composite (avg. for year or qtr )
1977 = 100
See footnotes at end of tables
1354
1381
1344
1360
3055
3214
3073
3233
2,894
2,653
2,915
2,467
2,909
2,505
1397
1419
138.3
3083
3268
1524
143.2
1459
1416
1421
145.3
1404
312.1
313.5
3316
3328
3166
336.1
1573
3191
3419
3236
3454
1441
1463
1421
3233
3449
1568
3247
3468
158.1
1460
1485
1431
3257
3478
324.8
3472
1453
3250
3473
2
3286
2
3530
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
Annual
June 1982
1981
Apr
May
June
July
Aug.
1982
Sept
Oct
Nov.
Dec.
Jan.
Feb
Mar
Apr
May
CONSTRUCTION AND REAL ESTATE—Continued
REAL ESTATE H
Mortgage applications for new home construction:
FHA net applications
thous. units
Seasonally adjusted annual rates
do. .
1414
92.3
202.2
153.8
11.3
120
182
192
88
88
15 4
180
74
84
142
156
62
65
13 8
150
Home mortgages insured or guaranteed by
Fed Hous. Adm.: Face amount
mil $. 16,458.53 10,278.14 1,121 55
Vet Adm Face amount §
do .. 13,855 54 7,905.93 769.70
98342
58344
978.02
87583
Federal Home Loan Banks, outstanding advances
to member institutions, end of period
mil. $..
Requests for VA appraisals
Seasonally adjusted annual rates
do
do
New mortgage loans of all savings and loan
associations, estimated total
mil. $..
By purpose of loan*
Home construction
do ..
Home purchase
do ...
All other purposes
do...
72
84
11.9
135
54
58
85
99
45
50
9.0
100
46
61
87
123
8.2
126
91
141
75
136
9.3
142
86
126
79347
64407
62298 1,014 78
696.21 66019
65428
485.73
72794
464.19
593.31
35769
91
98
104
11.1
119
118
63
67
11.5
121
443.87
32739
606.52
39360
585.12
421.78
547.57
37445
58961
32785
67,801
48,963
65,194
51,530
53,148
56,095
59,475
62,471
64,347
64,662
64,409
65,194
65,099
65,089
66,162
67,941
72,537
53,283
5,537
5,734
6,052
4,987
4,055
3,865
3,465
2,934
3,760
2,628
2,849
3,966
11,599
28299
13,385
1,367
2,828
1,342
1,248
3 130
1,356
1,187
3435
1,430
1,003
2771
1,213
772
2323
960
803
1970
1,092
650
1838
977
600
1498
836
824
1682
1,254
495
592
1320
937
966
1647
1,353
1568
3933
165
384
54
31 1
342
337
235
83
3.5
284
1703
2753
116
21 1
38
235
203
2495
84
235
25
278
21 1
2878
151
296
44
275
185
379
13.0
47
17
252
1127
2112
79
203
27
201
103
151
71
35
1.5
212
101 4
162
6.7
42
19
245
1125
208
125
55
2.8
271
1233
2909
159
255
59
308
262
207
149
52
31
289
1296
9367
19.6
2013
31 1
1371
5475
7950
13.2
149 1
317
917
5094
7383
21.6
2084
426
1206
3450
7296
225
1973
260
1191
3647
8243
258
2185
313
1288
4199
51
13 0
151
3,717
14,946
42957
14,634
52
8147
24.1
2092
306
122.8
4280
1204
929
768
1,381
DOMESTIC TRADE
ADVERTISING
Magazine advertising (Publishers Information
Bureau)
Houshold equip , supplies, furnishings ... . do . .
Soaps, cleansers, etc .
do. .
Newspaper advertising expenditures (Media
Records Inc ).
Total
mil $
Automotive
do.
Retail
do
1966
64
176
36
214
176
150
9.9
43
14
255
734
2109
129
174
48
223
158
143
95
40
19
275
80 7
2848
211
147
72
309
184
181
14.6
59
32
256
125 1
3305
154
293
54
282
237
190
18.4
72
34
248
126 8
267 1
74
290
53
274
195
257
12.3
54
20
285
104 5
8845
21.3
2402
260
1349
462 1
7722
157
217 1
280
1140
3974
7073
158
2088
297
94 1
3589
811 7
213
2388
352
928
4236
7793
174
2043
394
1094
4088
8567
247
2078
28726
112.2
231 1
525
280.8
2119
2392
139.6
710
30.0
2903
12139
32225
1417
290 1
565
3183
2318
2883
144
272
48
316
194
2979
11 1
310
74
313
175
2518
1654
675
296
3145
1355 1
196
14.8
60
3.0
298
117 8
8 1859
182.4
21956
297 3
11217
43889
95754
2256
25149
3872
13800
50678
8166
184
2156
309
1265
4252
248
21.1
79
36
236
1468
455
1294
4494
WHOLESALE TRADE }
Merchant wholesalers sales (unadj ), total...
mil. $.. 1,055,168 1,174,072 100,535 98,116 100,159 97,562 95,143 98,548 100,820 95,938 98,565 87,340 87,470 '103,912 96,206
448 040 499 970 43 155 41850 44359 42626 42523 42726 43253 40333 41012 35404 36578 '42 482 39505
607 128 674 102 57380 56266 55800 54936 52620 55822 57567 55605 57553 51936 50892 '61,430 56,701
Merchant wholesalers inventories, book value,
111,163 105,584 105,171 106,021 104,675 105,722 107,225 108,655 111,015 111,163 111,331 110,187 '111,386 111,773
end of year or month (unadj.), total
mil. $.. 104,655
Durable goods establishments
do . . 65,825
72,345 68,735 70,199 70,870 69,825 70,590 71,411 71,008 72,450 72,345 71,575 71,931 '73,073 74,102
38,818 36,849 34,972 35,151 34,850 35,132 35,814 37,647 38,565 38,818 39,756 38,256 '38,313 37,671
Nondurable goods establishments
do...
38,830
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. $
Nondurable goods stores
do ..
...
do .
Food stores
Gasoline service stations
do....
do.. .
Apparel and accessory stores
Eating and drinking places
Drug and proprietary stores
do.
do ...
do ..
Building materials, hardware, garden supply,
and mobile home dealers #
mil $
Building materials and supply stores . do
Furniture, home furn , and equip # ... do . .
Furniture, home furnishings stores . .. do. .
Household appliance, radio, TV . . . . do ..
See footnotes at end of tables
85,210
86,899
87,309
88,248
89,046
85,522
88,779
87,331 106,069
76,647
75,698 '86,172 '87,107 •88,624
27,501
27,522
28,985
28,858
29,248
27,626
27,165
25,750
29,140
21,704
23,365 '27,988 '27,676 •28,452
49,616
162 309
43,416
655,308
117227
217,047
93,624
44,426
85,842
30,504
17083
53,164
180,722
45,701
712,194
127 494
237,586
101,665
4,695
15,694
3,571
57,709
10033
19,346
8,397
4,969
15,213
3,630
59,377
10307
20,339
8,636
4,952
16,307
3,745
59,390
9600
20,928
9,069
3,724
8,253
2,693
1436
86361
4,662
14,842
3,887
61,614
11014
20,723
8,664
4,227
8,183
2,760
1458
87823
27488
87292
27759
87961
27 166
28098
27810
4,190
13444
3,987
61,581
12622
19,514
8,271
4,268
7,570
2,725
1438
86733
26436
3,841
13341
4,836
76,929
19888
22,019
8,555
6,676
7,888
3,837
2125
86572
26206
3,058
12118
3,211
54,943
7442
19,966
8,110
3,957
7,806
2,653
1336
86263
4,824
16,742
3,881
59,798
10423
20,121
8,855
4,126
8,500
2,699
1479
4,704
15,425
3,838
57,896
9905
19,544
8,551
47,755
94,070
32,999
17461
5,174
16,205
3,785
58,324
10079
19,693
8,895
3,623
8,176
2,699
1422
87299
27725
3,055
13912
3,143
52,333
7468
18,594
7,460
3,168
7,259
2,575
1257
87,654
26,810
4,620
3,082
792
4,578
3,074
783
4,580
3,045
796
4,487
2,937
794
4,377
2,876
803
15364
13718
1646
3,817
2,358
1,164
15451
13,728
1723
3,734
2,275
1,176
15896
14,148
1748
4,213
2,758
789
14596
12,866
1730
3,775
2,270
1,246
4,046
2,538
844
15191
13595
1596
3,814
2,374
1,138
4,313
2,807
782
15664
13,888
1776
3,864
2,391
1,200
4,058
2,586
783
14877
13,256
1621
Furniture, home furn., and equip
951,902 1,038,790
296,594 326,596
14497
12819
1678
13677
12083
1594
3,776
2,285
1,236
3,508
2,112
1,137
3,833
2,353
1,176
3,589
8,432
2,710
1506
3,828
2,351
1,202
3,920
7,989
2,601
1396
86413
26354
4,152
2,712
771
14506
12806
1700
3,781
2,289
1,228
3,302
7,279
2,590
1333
85320
25,316
'3,861
'17 068
'3,552
'58,184
'9473
'20,066
'7,918
'3,729
'8,129
'2,802
'1362
'87 277
'26,958
'4,298
'16 363
'3,442
'59,431
'10,215
'20,623
'7,854
'4,014
'8,268
'2,862
1406
'87,899
'27,758
'4,676
•16637
•3,425
'60,172
•10,720
•20,818
•7,917
'3,910
'8,400
'2,848
'89,236
'28,456
4,130 '4,173 '4,256 •4,302
2,690 '2,727
2,829
781
'785
775
14894 '15 175 '15 935 •16578
13239 '13 526 '14 252 1 14 846
1655 '1649
1683
3,655 '3,652 '3,696 '3,671
2,176 '2,182
2,221
1,187 '1,173
1,187
S-9
SURVEY OF CURRENT BUSINESS
June 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
1981
Annual
Apr
May
June
July
Aug.
1982
Sept.
Oct
Nov
Dec.
Jan.
Feb.
Mar
60,004
10,427
8,672
707
60,844 •60,319 '60,141 •60,780
10,770 •10,833 '10,687 •11,115
8,916
•8,992 •8,851 •9,167
714
•760
730
20,419 •20,340 '20,559 •20,648
18,778 •18,798 •18,997 •19,071
8,382 •8,047 •7,862 •7,792
Apr
May
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Ail retail stores t —Continued
Estimated sales {seas adj.) — Continued
59,097
10,628
8,646
763
58,873
10,523
8,553
740
59,574
10,743
8,764
749
59,533
10,610
8,632
756
59,863
10,743
8,746
756
60,013
10,651
8,683
732
60,059
10,634
8,645
737
60,297
10,751
8,721
740
60,366
10,774
8,728
738
do
do
do
19,628
18,097
8,482
19,577
18,069
8,442
19,798
18,282
8,480
19,881
18,337
8,468
20,131
18,614
8,449
20,053
18,525
8,551
20,393
18,867
8,536
20,487
18,950
8,521
20,213
18,666
8,628
Apparel and accessory stores #
do
Men's and boys' clothing
. do
Women's clothing, spec stores, furriers do
Shoe stores
.
do
3,964
655
1,476
720
3,929
4,013
730
4,029
656
1,518
720
4,035
672
1,505
708
3,985
630
1,485
702
3,984
627
1,471
750
3,947
568
1,534
722
4,340
615
1,663
792
'4,196
•619
1,599
•781
•3,996
639
1,525
696
•4,213
718
4,003
652
1,512
729
20,199
18,694
8,511
3,994
678
1,459
712
Eating and drinking places . ,
Drug and proprietary stores
Liquor stores
.
7,759
2,713
1,447
7,815
2717
1,439
7,854
2774
1,435
7,807
2,777
1,449
7,813
2797
1,459
7,989
2791
1,462
7,999
2,802
1,458
7,935
2,801
1,463
7,880
2,801
1,500
7,973
2,690
1,466
8,460
2,823
1,468
•8,329
'2,880
'1,495
•8,170
•2,885
1,515
•8,046
•2,897
231.48
23163
Nondurable goods stores
General merch. group stores
Department stores .
. .
Variety stores
mil $
do
.. do...
do
Food stores
Grocery stores
. .
Gasoline service stations .
..
(2)
do.
do
do .
Estimated inventories, end of year or month t
Book value (unadjusted), total
mil $
Durable goods stores #
. . . . do.
Building materials and supply stores do
Automotive dealers
.
. do
Furniture, home furn , and equip . . . . do .
Nondurable goods stores # .
General merch group stores
Department stores
..
Food stores
Apparel and accessory stores
111,104
52,991
9,197
24,708
8,346
do .
do .
do .
. do .
do
58,113
19,811
14,835
12,600
9,041
do.
do.
do .
do
do .
do
do.
do
do
do
114,114
53,747
9,610
24,488
8,542
60,367
21,810
16,213
12,535
9,388
mil $
Book value (seas. adj.)r total . .
Durable goods stores #
Building materials and supply stores
Automotive dealers 1. .
Furniture, home furn , and equip
Nondurable goods stores # .
General merch group stores
Department stores . . .
Food stores
. .
Apparel and accessory stores
Firms with 11 or more stores
Estimated sales (unadjusted), total . .. .
649
1,479
651
1,511
122,236 117,386 118,319 119,770 121,401 121,532 124,524 130,334 133,246 122,236 '119,899 •120,063 123,336
57,994 55,731 56,897 57,817 58,070 56,506 56,491 58,528 59,819 57,994 57,454 '56,869 57,812
9,776
9,390 10,142 10,346 10,185
9,936
9,894
9,776
9,745
9,390
9,372 '9,657
9,772
28,211 25,777 26,711 27,747 28,134 26,094 25,759 26,879 27,838 28,211 28,249 •27,384 28,057
8,638
8,847
8,663 '8,605
8,847
8,826
8,731
8,833
8,908
9,256
9,349
8,708
8,784
64,242 61,655 61,422 61,953 63,331 65,026 68,033 71,806 73,427 64,242 •62,445 •63,194 65,524
22,515 22,429 22,513 22,899 23,456 24,383 26,223 28,405 28,746 22,515 22,113 •22,575 23,981
16,897 16,819 16,934 17,035 17,370 18,050 19,514 21,242 21,730 16,897 16,600 •16,882 17,980
13,825 13,089 13,020 13,012 13,093 13,138 13,446 13,905 14,208 13,825 13.5V3 •13,724 13,933
9,574
'9,249 •9,565 10,045
9,574
9,382
9,198
9,261
9,653 10,089 10,525 10,978 11,193
125,693 116,968 118,191 120,010 121,993 123,341 124,376 125,364 125,618 125,693 '124,131 •123,395 123,297
58,835 54,629 55,560 56,764 57,865 58,545 58,761 59,014 58,907 58,835 57,807 •56,957 56,777
9,946
9,903
9,822
9,652 •9,638
9,482
9,822
9,761 10,064 10,015
9,954
9,881
9,895
27,987 24,881 25,439 26,705 27,718 28,149 28,276 28,294 28,091 27,987 27,695 •27,006 27,030
9,074
9,074
8,775
8,784
8,780
8,811
8,900
9,068
8,968 •8,826
8,716
8,691
8,782
66,858
24821
18,487
13,702
9,952
62,339
22623
16^887
13,076
9,613
62,631
22,862
17^122
13,152
9,463
63,246
23300
17^347
13,143
9,627
64,128
23 702
17,688
13,279
9,810
64,796
24 073
17^960
13,365
9,872
65,615
24519
18^375
13,568
9,901
66,350
25 188
18^99
13,474
9,899
66,711
25 113
18,798
13,583
10,030
66,858 •66,324 •66,438
24821 24666 •24,611
18,487 18,465 '18,470
13,702 13,766 •14,018
9,952 '10,097 '10,197
66,520
24,653
18,460
13,850
10,292
27,194 '26,138
30,265
•1,718
259
2,125
338,028
372,443
29,968
30,891
30,239
30,489
31,053
30,017
32,282
33,310
44,821
Durable goods stores .
.
Auto and home supply stores
. do . .
do
25,023
3,606
27,216
3,846
2,187
2,297
324
2,361
2,326
349
2,274
334
2,230
322
2,278
342
2,404
321
3,447
345
Nondurable goods stores # . .
General merchandise group stores
Food stores
..
Grocery stores
.
Apparel and accessory stores
Eating places .
.
Drug stores and proprietary stores
do
do
do.
do
. do
do. ..
do
313,005
105,982
115,059
113,630
17,066
18,237
16,137
345,227
116,115
127,517
125,629
18,798
20,125
17,769
28,779
9,505
10,708
10,555
1,678
1,804
1,442
27,787
9,041
10,487
10,340
1,560
1,641
1,365
30,004
9,992
11246
11,098
1,631
1,755
1,436
30,906
11,533
10,488
10,339
1,729
1,690
41,374
18,270
12,064
11,790
2,790
1,705
2,254
31,415
326
8,436
589
10,738
31,412
324
8,363
571
10,627
31,187
31,391
313
8,374
1,569
1,572
1,544
Estimated sales (sea adj ), total #
Auto and home supply stores
Department stores
Variety stores .. .
Grocery stores
do .
do
do
do
do
Apparel a n d accessory stores . . . .
Women's clothing, spec stores, furriers .
Shoe stores
Drug stores and proprietary stores
334
27,781
353
27,878
30,907
315
8,349
609
10,293
31,389
325
8,439
584
10,507
1,563
682
344
do
do
do
do
30,783
317
8,224
576
10,358
28,163
8,711
11,149
10,990
1,378
1,808
1,452
31,270
326
8,325
582
10,547
1,575
>)
9,112
10,272
10,118
1,630
1,652
1,434
28,594
9,388
10,858
10,710
1,491
1,759
1,459
665
349
1,590
1,585
1,477
1,472
9,210
10,421
10,276
1,428
1,724
1,445
683
350
1,497
675
351
1,502
666
342
665
336
1,504
1,493
315
8,328
1,477
572
578
10,640
10,725
1,567
655
337
1,503
651
337
1,501
31,827
320
8,407
580
10,927
1,591
655
366
1,489
1,710
275
25,484 '24,420
6,753 '6,814
10934 '10 086
10,797 •9,929
1,160
•1,137
1,579
•1,512
1,394
•1,374
31,311 •31,951
329
339
8,330 •8,539
550
•563
10,733 •10,863
•1,710
1,598
'718
674
•368
358
•1,561
1,488
322
28,140
8,743
10,894
10,747
1,478
1,757
1,498
32,038
336
8,675
598
10,878
1,666
697
352
1,584
LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATES
Total, incl armed forces overseas ±
LABOR FORCE
Not Seasonally Adjusted
Labor force, total, persons 16 years of age
and over
Armed forces
Civilian labor force, total
Employed
.
Unemployed
.
Seasonally Adjusted H
Civilian labor force, total
Participation rate *
Employed, total
.
.
Employment-population ratio *
Agriculture
. .
Nonagriculture .
mil
"227 66
3
thous.
do .
do
do
do
109,042
2,102
106,940
99,303
7,637
110,812 110,035 110,713 112,035 112,881 112,259 110,438 111,402 111,337 110,738 110,173 110,492 110,936 110,990 112,089
2,129
2,127
2,142
2,131
2,139
2,160
2,158
2,158
2,159
2.175
2,165
2,164
2,168
2,176
2,175
108,670 107,906 108,586 109,904 110,742 110,099 108,273 109,244 109,179 108,574 108,014 108,324 108,761 108,814 109,914
100,397 100,345 100,855 101,419 102,612 102,152 100,389 101,028 100,502 99,562 97,831 97,946 98,471 98,858 99,957
7,561
8,273
7,731
8,485
8,130
7,947
8,216
7,884
8,676
9,013 10,183 10,378 10,290
9,957
9,957
. do .
percent
.thous.percent
. thous
do-
58.5
3,364
95,938
Unemployed, total .
.
.. do .
Long term, 15 weeks and over . . . do
1,871
See footnotes at end of tables
376-761
0 - 82 - S2
638
229.80
22928
22944
22962
22980
23003
23026
23048
23067
23084
23101
231 17
23131
108,777 109,293 108,434 108,688 108,818 108,494 109,012 109,272 109,184 108,879 109,165 109,346 109,648 110,666
641
638
638
644
63.8
639
63.6
639
638
637
635
637
638
643
100,878 101,045 100,430 100,864 100,840 100,258 100,343 100,172 99,613 99,581 99,590 99,492 99,340 100,117
583
587
58.8
S83
585
584
58.0
58.0
579
575
574
573
572
571
575
3,368
3,348
3,470
3,405
3,342
3,404
3,358
3,378
3,372
3,209
3,411
3,373
3,349
3,309
3,488
97,030 97,404 97,640 97,082 97,522 97,436 96,900 96,965 96,800 96,404 96,170 96,217 96,144 96,032 96,629
7899
8248
8004
7 824
7978
8236
8669
9 100
9571
9298
9575
9854 10 307 10 549
2,285
2^187
2^231
2,363
2470
2,217
2^248
2,364
2,312
£399
2J24
3^015
3^286
2,'292
2^954
639
S-10
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
June 1982
1982
1981
Apr
Annual
May
June
July
Aug
Sept
Oct
Nov
Dec
Feb
Jan
Mar
Apr
May
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
LABOR FORCE— Continued
Seasonally Adjusted H
Civilian labor force— Continued
Unemployed —Continued
Rates (unemployed in each group as percent
of civilian labor force in the group)
All civilian workers
.
. . . .
Men 20 years and over
Women, 20 years and over ..
. . .
Both sexes, 16-19 years
White
Black a n d other . . .
Married men, apouse present
Married women, spouse present . .
Women who maintain families
OccupationWhite-collar workers ..
Blue-collar workers .
. .
Industry of last job (nonagricultural)
Private wage and salary workers
Construction
Manufacturing .
Durable goods
71
59
64
178
63
131
42
58
92
37
100
76
63
68
196
67
142
43
60
104
73
58
66
190
6.4
13.2
3.8
5.9
99
7.5
63
67
194
67
58
67
187
63
138
39
13.7
40
58
104
73
60
66
190
76
80
83
62
69
197
66
148
44
60
67
70
48
61
106
71
72
214
74
152
52
65
108
41
109
11.8
112
62
147
40
55
101
39
98
40
95
39
41
95
10.2
74
72
152
7.3
71
73
162
70
77
163
79
65
'92,056
'75,888
'91,131 '91,286
'75,053 '75,266
'54,721 '54,932
'25,540 '25,656
'985 '1 137
•4,223
'4,185
40
97
40
99
85
90
77
156
8.3
82
73
145
7.6
75
7.7
157
78
74
'90,406
'74,165
'91,105
'75,081
'90,983 '91,432
'74,550 '75,044
'91,099
'74,971
'54,696
'25,534
'978
'4,281
74
141
72
61
66
192
64
142
42
57
107
103
40
74
161
74
71
57
107
204
70
152
4.2
88
79
8.5
90
94
82
83
230
95
84
83
231
85
172
74
215
75
72
217
88
76
76
223
79
79
21.9
77
157
57
66
105
75
15.1
5.3
6.2
104
77
159
53
70
102
79
166
55
71
106
84
169
78
115
61
74
118
45
127
42
125
46
125
48
129
49
137
48
135
90
181
106
113
99
99
188
116
122
60
84
178
77
81
176
86
86
94
9.5
91
181
110
118
88
187
10.4
110
'91,107 •91,087
•75,773 '75,990
'91,620
•76,091
'91,884
•75,884
'91,765
'75,628
•91,437
•75,329
'89,269
•73,407
•89,413 •89,679
•73,328 •73,503
'91,396 '91,322
•75,432 '75,428
'55,053 '55,117
•25,718 '25,637
'1 180
•1 164
•4,175
'4,146
•91,363 '91,224
'75,459 •75,307
'55,192 •55,210
'25,583 '25 393
'1 192 •1,195
'4,124
•4,101
'90,996
'75,088
'55,185
'25,176
'1,202
'4,071
•90,642
•74,725
•55,049
'24 908
'1,206
'4,026
'90,460
'74,596
'55,079
'24,684
'1,201
•3,966
•90,459 •90,304 '89,993 »89,969
•74,609 •74,445 '74,150 "74,117
•55,155 •55,126 •54,996 •54,997
•24 631 •24,450 •24 226 "24 177
•1,203
•1,197
•1,182
"1,158
"3,899
•3,974
•3,934
•3,890
95
179
108
108
194
118
119
EMPLOYMENT t
Employees on payrolls of nonagricultural estab .
Total, not adjusted for seasonal variation thous
Private sector (excl. government)
do
•89,897 "90,259
•73,752 "74,100
Seasonally Adjusted t
Total employees, nonagricultural payrolls
Private sector (excl government)
..
Nonmanufactunng industries
Goods-producing
Mining
Construction
do
do .
do
do
do
do .
'90,406
'74,165
'53,880
'25 658
'1027
'4,346
'91,105
'75,081
'54,908
'25,481
'1 132
'4,176
Manufacturing
Durable goods
. . .
Lumber and wood products
Furniture and
fixtures
.
Stone, clay and glass products
Primary metal industries
Fabricated metal products .
Machinery, except electrical
Electric and electronic equipment
Transportation equipment
.
Instruments and related products
Miscellaneous manufacturing
do
do
do
do
do
. do ...
do .
do
do
do
do .
do
'20 285
'12,187
'690
'465
'662
'1,142
'1,613
'2,494
'2,090
'1,899
'711
'418
'20 173 '20 275 '20 332 •20 334 •20 379 •20311 '20 267 •20,097 '19,903 '19,676
'12,117 '12,201 '12,237 •12,246 •12,266 '12,228 '12,184 •12,059 '11,901 '11,724
'671
'643
'615
'668
'690
•694
'685
•683
•661
•628
'469
'457
'467
'473
•476
'475
'473
•462
'468
'474
•638
'629
•620
'610
'638
'646
'644
•644
'643
'645
'1,104
'1,053
•1,137
•1,137
•1,132
•1,134
'1,125
•1,082
'1,121
•1,141
'1,577
•1,553 '1,529
'1,592
'1,608
'1,613 '1,611 '1,617
1,610
'1,604
'2,532
'2,511
'2,486
'2,507
'2,506
•2,527
'2,539
'2,490
'2,516
'2,532
'2,113 '2,101
'2,077
•2,049
'2,092
'2,094
•2,101 '2,104
•2,112
'2,116
'1,861
'1,892
'1,930
•1,925
'1,901
'1,884
'1,830
•1,791
'1,932
'1,938
'731
'725
'726
'731
•734
•727
'726
'724
'726
'734
'412
'411
'409
'410
'409
'411
'411
•419
'412
•413
. do
do
do..
do
do
do
do
do .
do
do
do
'8,098
'1,708
'847
'1,263
'692
'1,252
'1,107
'197
'726
'232
'822
'1,244
'687
'1,265
'1,107
'215
'736
233
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
Government
...
do .
Federal
..
do
State and local .
do
'64,748
'5,146
'20,310
'5,275
'15,035
'5,160
'17,890
'16,241
2,866
'13,375
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 a n d coal products . . .
Rubber and plastics products, nee
Leather and leather products . . .
Production or nonsupervisory workers on private
nonagric payrolls, not seas, adjusted . thous
Manufacturing
do .
'8,056
'1,674
'8,074
'1,687
'71
'828
'1,244
'689
'1,260
'1,108
'216
'738
'233
'8,095
'1,689
'70
'828
'1,250
'690
'1,262
1,109
'217
'745
'235
'835
'1,255
'691
'1,268
1,110
'217
•750
'239
'8,083
'1,659
•70
'829
'1,253
•691
•1,271
•1,107
•"216
•752
•235
•8,083
•1,658
•69
•827
•1,253
•695
'1,274
'1,110
•216
'746
•235
'65,678
'5,168
'20,620
'5,375
'15,245
•5,311
'18,615
'15,964
'2,775
•13,189
'65,685
'5,168
'20,650
•5,387
'15,263
'5,319
•18,654
•15,894
•2,769
'13,125
•61,456 '61,645
•14,043 '14,153
'8,038
'1,662
'69
'814
•1,243
•685
'1,276
•1,107
•215
•734
'233
•19,517 •19,454
'11,622 •11,575
•607
•611
•449
'452
•596
•596
•1,024
'1,038
'1,515
•1,505
•2,446
'2,459
•2,055
•2,048
•1,777
•1,778
•718
'720
'403
•400
'8,002
'1,664
'69
•804
•1,235
•681
•1,276
•1,103
'215
'725
230
•7,952
'1,661
'68
•794
•1,222
•677
•1,276
1,100
•214
•716
224
•7,895
•1,657
•69
•780
•1,201
•674
'1,275
'1,095
•210
•712
222
•777
•1,201
•670
•1,276
•1,093
•208
•708
•215
'65,780
'5,181
'20,660
'5,383
'15,277
'5,328
'18,707
15,904
'2,764
13,140
'65,831 '65,820
'5,162
'5,150
'20,654 '20,623
'5,380
'5,375
'15,274 •15,248
'5,325
•5,324
'18,773 '18,815
'15,917 •15,908
•2,757
'2,749
'13,160 '13,159
•65,734
•5,128
•20,524
•5,357
•15,167
•5,331
•18,834
•15,917
•2,756
•13,161
•65,776
•5,125
•20,630
•5,346
•15,284
•5,326
•18,831
•15,864
•2,741
•13,123
•65,828
•5,115
'20,670
'5,343
'15,327
'5,326
•18,867
•15,850
•2,737
•13,113
'61,776
•14,304
•61,585 '61,311 •61,007
'14,079 '13,834 •13,515
•7,879
•1,663
•19,319
•11,490
•607
•446
•590
•1,007
•1,496
•2,419
•2,038
•1,774
•716
•397
•7,829
•1,658
•68
'760
•1,186
•668
•1,278
1,088
•207
•70S
•213
•19,154 "19,120
•11,360 "11,341
•614
•615
•443
"444
•584
"586
•977
"958
•1,479 •1,472
•2,376
"2,365
•2,036
•2,039
•1,747 "1,760
•713
•714
•391
"388
'7,794
'1,643
'67
'774
'1,166
'664
•1,275
•1,082
•205
•704
•214
"7,779
"1,653
•67
•755
•1,162
"662
"1,273
"1,078
"208
"706
"215
'8,088
1,673
71
'830
'1,251
•690
'1,263
1,111
•217
'747
'235
•8,113
'1,678
'65,625
'5,157
'20,551
'5,359
'15,192
'5,301
'18,592
'16,024
'2,772
'13,253
'65,565 '65,591 •65,630
'5,162
'5,163
•5,158
'20,508 '20,543 '20,590
'5,349
'5,361 '5,366
'15,159 '15,182 •15,224
'5,286
'5,295
'5,302
'18,480 '18,517 •18,556
•16,128 •16,078 •16,020
•2,777
'2,774
•2,776
'13,354 '13,302 •13,243
'60,331
'14,214
'60,881
'14,021
'60,479
'14,075
'60,331
18,442
'762
'3,421
'14,214
'8,442
'577
'375
'513
'877
'1,195
•1,602
'1,328
'1,233
'425
'313
'60,881 '60,852 '60,890 •61,046 •61,193 '61,168 '61,180 '61,017 '60,775 •60,401 •60,248 •60,282 •60,132 •59,844 "59,803
'18,245 •18,209 '18,201 •18,267 •18,313 '18,224 '18,164 '17,972 '17,754 •17,478 •17,251 •17,225 •17,073 •16,864 •16,853
"843
•837
•869
•876
•877
'882
•883
•875
•876
•871
•862
'713
•717
•856
'832
•3,023
•2,971 "2,996
•3,219
•3,180
'3,155
•3,107
•3,035
•3,059
'3,250
'3,351 '3,294
'3,253
•3,245
•3,201
'14,021 '14,145 '14,190 '14,177 '14,212 •14,136 •14,087 '13,915 '13,717 •13,488 •13,341 •13,290 •13,179 •13,031 •13,014
'8,427
'8,345
•8,061 •7,885
•7,793 •7,759
•7,685
•7,564 "7,553
'8,301
'8,402
'8,428
'8,439
•8,218
•8,389
•497
•497
"505
'576
'580
•572
•558
•531
'516
'503
•502
•505
'555
'570
'549
'369
'359
•353
'376
'378
'382
'383
'385
'383
'381
•376
•364
•356
•350
"351
'491
'497
'497
'496
'492
'484
•475
•465
'452
•452
•446
•441
•444
'498
'496
'865
'780
•756
'876
'876
'872
'871
•843
•821
•795
•770
•728
•712
'860
•881
'1,187
•1,190
'1,182
'1,133
•1,110
•1,096
•1,089
'1,172
'1,193
'1,196
'1,188
'1,156
•1,081 •1,068 "1,064
•1,526
•1,585
'1,576
•1,589
•1,596
'1,601 •1,607
•1,606
'1,598
'1,576
•1,552
•1,514
•1,490
•1,449
"1,439
'1,311
•1,325
'1,331
'1,327
•1,285
•1,257
•1,266
•1,248
'1,319
'1,325
•1,331
'1,314
•1,258
•1,244
•1,249
•1,102
'1,215
'1,257
•1,255
'1,244
'1,206
•1,184
•1,159
•1,115
•1,108
•1,109
•1,084
•1,252
'1,219
"1,098
'429
'431
'420
•418
•415
'428
'428
•429
'432
'431
•428
'424
•423
•411
"409
'303
'304
'306
•301
•295
•290
'304
'304
'312
'304
'303
•292
•284
"282
•305
'68
'69
•60,894 '61,600
•14,141 '14,267
'70
•68
•59,135 •59,094
•13,200 •13,168
•65,854 '65,767 "65,792
•5,100
'5,089 "5,064
•20,655 '20,583 "20,629
•5,336
"5,325
'5,320
•15,319 '15,263 "15,304
•5,336
•5,328 "5,327
•18,904 •18,924 "18,920
•15,859 •15,843 "15,852
'2,736
•2,730
•2,728
•13,123 •13,113 "13,124
•59,257
•13,093
•59,486 "59,808
•12,961 "12,966
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
See footnotes at end of tables
SURVEY OF CURRENT BUSINESS
June 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
Annual
S-ll
1982
1981
Apr
May
June
July
Aug
Sept
Oct
Nov
Mar
Apr
•5,494
•1,138
•53
•651
•1,006
•499
•701
•609
'124
'534
'179
'43,059
'4,217
'18,051
•4,317
•13,734
•4,004
•16,787
'5,467
'1,124
'52
•664
'988
•497
'698
•42,997
•4,241
•18,011
'4,332
•13,679
•4,007
•16,738
'5,531
•1,142
•53
•667
•1,018
'501
•699
•609
•124
•538
•180
•43,057
'4,232
'18,061
•4,327
•13,734
•4,003
16,761
'123
'538
'180
'42,980
'4,202
'17,998
'4,299
'13,699
'3,992
'16,788
"5,461
p
l,132
"52
"649
"983
"496
"699
"604
"126
"540
•180
"42,950
"4,184
"18,030
»4,309
"13,721
"3,986
"16,750
352
339
•344
•429
•33.3
•348
350
•436
•359
347
349
•43.8
•37.0
346
'349
'42.7
'365
"34.9
"350
"425
"375
399
37.1
•376
2.3
•382
39.2
•394
391
387
'390
24
'39.5
2.2
'376
'37.4
401
'386
'394
'401
•393
'411
•399
•384
"390
"39 1
Dec
Jan
Feb
May
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT t— Continued
Seasonally Adjusted t
Production or nonsupervisory workers— Continued
Nondurable goods
thous
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
Service-producing
.
do .
Transportation and public utilities
do
Wholesale and retail trade
do
Wholesale trade
do
Retail trade . .
. .
do
Finance, insurance, and real estate
doServices
do
AVERAGE HOURS PER WEEK t
Seasonally Adjusted
Avg weekly hours per worker on pnvate 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 .
do
Overtime hours
do
Lumber and wood products
. do
Furniture and fixtures .
do .
Stone, clay, and glass products
. do. .
Primary metal industries
do
Fabricated metal products
.. do
Machinery, except electrical ,
. do
Electric and electronic equipment
do
Transportation equipment
.
. do.
Instruments and related products
do
Miscellaneous manufacturing
do
Nondurable goods
. . do .
Overtime hours
.
do .
Food and kindred products ..
do .
Tobacco manufactures t
.
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
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
1977—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
See footnotes at end of tables
'5,772
'1,174
'53
'736
'1,079
'522
'698
'625
'124
'559
'196
42,015
'4,293
'17,812
'4,312
'13,500
'3,907
'15,921
'5,721
'1,150
'54
'712
'1,059
'518
'698
627
'134
'569
'197
'42,964
'4,277
'17,960
'4,360
'13,600
'4,002
'16,539
353
352
'433
370
'43'7
'369
397
398
28
28
40.2
28
387
384
'406
40 5
403
40.1
28
'38.5
381
408
401
404
410
398
406
405
387
390
28
397
381
401
354
'422
371
415
418
409
399
409
404
'38.8
'391
2.8
397
38.8
'396
357
425
373
416
'400
'432
'403
367
368
396
322
385
302
362
32.6
'16941
'137 67
'232
'836
'4191
'1061
'34 17
'974
'3045
'3184
'1072
'1024
•1226
'1150
'989
'995
'981
'1098
•1063
'1055
'1103
'1037
'1145
'1150
394
'322
386
301
'363
326
'5,743
'1,162
'55
'717
'1,060
'519
'696
'629
'137
'571
'197
'42,643
'4,289
'17,914
'4,353
'13,561
'3,993
'16,447
352
354
'436
'370
397
'5,762
'1,164
55
'718
'1,065
'520
'697
'630
'138
'577
'198
'42,689
'4,279
'17,934
'4,364
'13,570
'4,000
'16,476
'5,750
'1,148
•55
'719
'1,066
'620
'697
'631
'136
'580
'198
'42,779
'4,282
'17,981
'4,366
'13,615
'4,005
'16,511
'5,773
'1,154
55
'724
'1,069
'521
'698
630
'136
'584
202
'42,880
'4,285
'18,026
'4,376
'13,650
'4,010
'16,559
352
35.4
352
'423
'372
401
'354
'439
'370
'401
'402
'30
'31
'406
30
'394
'385
412
'41 1
'407
'411
'401
'416
'402
'407
'31
'396
'388
'409
'41 1
'408
389
'39.2
2.9
414
'40.3
'416
404
'391
'394
'30
•53
•683
•1,036
•506
•700
•616
•131
'548
'190
•42,923
'4,241
'17,920
'4,348
'13,572
•4,014
'16,748
356
353
'436
•378
356
352
•442
•37.4
•351
•350
•43.9
•358
•352
•351
•445
•376
35.1
'35.1
'444
'371
'350
'448
•371
402
401
30
396
400
3.0
'399
•399
•394
395
27
397
395
27
•397
30
405
405
30
•404
397
•2.7
•376
•374
403
30
'389
'388
'407
•409
'406
411
402
414
404
'390
394
'29
428
'374
'416
427
374
417
434
'327
•5,603
•1,140
•54
•693
•1,049
•511
'700
'621
'132
'557
'195
'43,021
•4,261
•18,016
•4,367
•13,649
'4,013
•16,731
426
386
303
363
•5,656
•1,144
'54
•704
'1,056
'515
'702
'625
'133
•568
'198
'43,045
•4,275
•18,053
'4,373
'13,680
•4,019
•16,698
373
•416
•43.9
'406
'367
'393
32.3
'411
'370
'393
'322
'386
'302
•361
32.7
•5,697
'1,142
•718
'1,066
'520
'699
630
'134
'586
200
'42,944
'4,285
•18,049
•4,381
•13,668
•4,018
•16,592
•397
'385
'40.1
'35.9
438
'5,742
'1,137
'54
•717
•1,066
'525
'701
'629
'134
'580
'199
'43,016
•4,295
'18,059
'4,376
'13,683
•4,023
•16,639
'397
'38.7
'402
'359
'399
'372
'39.9
355
'5,747
'1,139
'409
'371
'397
321
385
'300
'361
325
•387
'38.6
'40.8
'407
405
'412
'404
412
405
'390
'392
29
'395
'386
'401
'35.8
427
373
'417
431
405
'364
'397
322
'386
301
363
'326
•55
30
'384
•38.4
•407
•408
•404
•411
'403
'412
'406
'389
'392
29
394
'407
'398
•359
•425
37.3
41.7
•429
•405
•367
•39.5
'322
386
301
•364
•325
406
•396
403
•397
•401
•404
384
389
28
•393
•402
•388
352
•430
371
'422
'431
'397
'362
392
321
385
301
'360
'325
'400
26
•378
•380
•401
•400
400
•408
•398
•406
•403
•389
•389
28
395
•394
•390
•355
424
371
415
•422
•39.9
•36.7
•391
•320
•384
299
362
•326
393
25
397
24
'377
•376
•401
•396
•397
'407
•394
'404
'402
390
•387
27
'395
'388
'38.7
'355
'420
'371
'412
'425
396
'365
'39.2
'321
'385
'300
362
326
•39 1
24
•395
•23
•377
•379
'397
392
•395
•40.4
•395
•397
'390
'385
386
•26
39.8
•381
378
351
418
•371
41.3
•427
394
361
•393
'320
384
299
362
•32.6
'5,548
'1,135
'54
'670
'1,018
'504
'699
'612
•125
•544
187
22
2.4
•398
22
•350
•336
•386
'383
'381
•393
•383
•390
'390
'373
'368
'25
391
•405
•399
•386
389
26
•402
361
383
'32.3
'314
'413
•369
•41.0
443
'379
•341
'385
'317
•38.1
•29.7
36.2
325
'37.9
'377
'40.1
•394
•397
407
398
•383
•355
•42.3
374
412
435
400
'35.6
392
•32.0
38.5
29.9
36.2
•326
390
23
•39.5
•2.2
•37.6
•373
•400
388
•395
•402
394
404
'399
'386
385
25
'395
'373
'376
350
'418
371
407
'43 S
'396
35.8
•39.0
•319
•384
298
•363
•326
603
384
26
•394
•365
•378
•347
•421
•371
•407
•426
'398
•355
390
318
•383
298
•362
327
»24
"396
"23
"379
"374
"40.2
"38.8
"394
"400
"395
"413
"404
"38.3
"384
"25
»393
"368
"378
"348
"418
"368
"412
"427
"401
"351
"391
"321
"386
"301
"365
"327
'169 98 '169 90 '170.66 '170 08 '170 24 •170.42 '167 03 •169 74 '16921 •169 13 •166 42 '169 67 •168.58 •167 40 "167 73
•139 06 '139 23 '139 16 '138 64 '139 20 •139 36 '138 80 •139 13 •139 03 •137 95 '137.10 '138.50 •137 17 •136 02 "136 40
'224
'226
'246
261
'258
•268
'266
•278
•272
•28fi
•281
'282
•278
•266
"256
'801
•742
'822
'805
'781
•7.85
•798
'788
•782
•767
•790
•782
'754
•737
"753
•4171
'4197 '42.26 '4196 '4206 •4203 •4158 •4146 •40.96 '40.35 •3969 •4026 •3955 •3898 "3901
'1057
1062 '1057
1060
1059
1052
1054 '10.55 '10.45 •1055 •1047 '1042
1039 "1032
1056
'34 S4
'3462 '3447 '3439 '3452 '3470 '3476 '3463 •3462 •3426 •34.33 •3472 '3441 •3433 •3459
'10.00
'999 '10.00
'998 '1002 '1005 •1002 '10.03 '1005 •1006 •10.04 •1005 •1008 •1004 "1015
'3157 '31.54 '3143 '3151 '3156 •31.68
'3165
3190 '3209
3209 •3225 •32.38 •3226 •3225 "3224
'3091
'3067 '3152 '3144 '3104 '3106 •2822 '3062 •3018 •3118 •2932 •3116 •3141 •3138 "3132
'1080
'1009
'1345
'1089
'978
'980
'976
'1119
'1051
'1065
'1117
'1045
'1174
'1193
'1084
'1021
'1164
'1130
'994
'1002
'981
'1119
'1061
'1066
'1117
'1046
'1171
'1190
'1085
'1023
'1182
'1105
'1000
'1008
'989
'111.9
'1056
'1065
'112.0
'1043
'1173
1192
'1082
'102.1
'1317
'1076
'996
'1003
'986
'1116
'105.7
'106.1
'1117
'1040
'1172
118.7
'1088
'1026
'1404
'1088
•997
•1003
•98.6
•1121
'1058
'1067
1123
'1046
'1176
'119.4
'1085
'1020
'1429
•1074
•99.0
•996
•981
•1121
1052
•1069
•1124
'1048
•1179
•1193
'1078
'998
•1427
•1024
•973
•97.4
•972
•112.2
•1052
•1068
•1122
•1049
•1174
1196
'1077
'99.7
•143.9
'1061
•964
•964
•96.5
•112.1
•1042
•1062
•1118
•1044
•1176
•1204
•107.3
•984
•145.0
'1069
'946
•940
•954
•112.2
'1044
'1063
111.8
'104.3
•1174
•1206
•1063
•963
•1455
•104.2
•925
'914
'941
'1118
'1036
'105.4
'111.0
'1033
'1174
'120.8
1043
•914
•1416
•968
•88.0
•87.3
•890
•1114
•102.8
•1052
•1097
•1034
•116.8
•1203
•1062
•956
'1437
'1029
•919
90.6
•93.8
•1121
'1037
'1063
•1107
•1046
•1168
•120.9
•1056
•939
'1426
•1011
90.3
•891
•920
•1120
•1033
•1059
'1102
•1042
•1171
1211
•105.0
'926
'1382
'988
'892
'877
•915
•1119
•1032
•1055
•1094
•1039
•1168
'1214
»1055
"929
"1345
"1018
"893
"879
"914
"1124
•102.8
•1067
"1106
"1052
"1182
"121.2
S-12
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
1982
1981
Apr
Annual
June 1982
May
June
July
Aug
Sept
Oct.
Nov.
Dec
Jan
Feb
Mar
Apr
May
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HOURLY AND WEEKLY EARNINGS t
Average hourly earnings per worker fl
Not seasonally adjusted:
Private nonagnc payrolls
dollars
Mining
do.
• Construction . . .
.
. .. ., do..
Manufacturing
do..
Excluding overtime
do .
6.66
917
'994
727
702
775
'749
'6.55
5.49
750
977
7.45
8.00
'694
'935
6.80
'546
725
'10.05
'10.80
799
'772
'853
•8.25
700
'591
8.27
10.81
820
'881
'762
•10.39
'743
'5.96
713
'971
'10.47
7.88
•763
•841
'814
•682
•5.79
8.11
10.76
805
•865
•7.47
•1022
•724
•5.90
717
968
•1057
7.92
764
'847
'817
692
•584
8.20
1068
'8.16
•873
•751
'1033
•730
•5.92
7.20
•993
•1064
797
'7.69
'8.54
'823
'709
'590
8.31
'10.75
8.23
'8.79
'756
'1045
'733
'5.92
724
•10.09
•1079
802
•775
•857
•828
'715
'5.92
'840
'10.78
•821
'883
•7.65
•1044
'7.43
'597
730
'10.12
•10.92
'803
774
•859
'8.29
7.13
'5.99
841
'10.99
•826
'884
'773
•10.37
•7.55
•596
740
'1027
'11.07
'816
•787
•870
•841
•7.16
•6.01
853
1122
'8.33
•896
•775
•1049
•7.59
•6.05
742
•1025
•1116
'8.16
'7.89
•873
•8.44
•7.10
•6,06
8.50
1097
839
•9.04
•780
'1074
•760
'6.05
'747
'1039
'1118
820
'7.94
'877
•850
'716
'605
8.54
11 10
'842
'908
'7.83
'10.74
'768
'6.11
745
'1041
'1126
'827
'8.00
'883
'855
'716
'612
856
'11.08
853
'918
•790
•1076
'781
'6.19
7.55
•1065
•1159
•842
817
•892
•868
•738
•628
•870
11.23
8.55
'919
•798
•1079
'793
'6.27
'7.54
'1062
•11.32
834
•810
•889
'865
•7.27
•619
•862
11.20
8.57
•9.20
•796
•1082
•794
•629
'7.55
'1062
•1133
•837
•813
•891
•868
•728
•621
865
•11.15
'8.64
•918
•801
'1089
'800
'632
•757
•1065
•11.28
•841
•818
•893
•871
•725
•622
•872
•1123
•869
•919
'803
'1088
'8.08
'636
"7.61
"1071
-11 38
"845
"821
"901
"876
"736
"6.25
"877
"1128
"876
"924
"808
"1102
"817
"6.40
'655
'632
'6.85
'7.74
'507
'456
7.84
7.53
8.30
'10 10
'6.52
458
887
548
696
488
'5.79
585
'7 18
'693
'743
'8.88
5.52
'496
860
'8.18
9.12
"1138
'716
4.99
'9.70
'5.93
'757
525
'631
641
•707
'685
•735
'892
536
'4.94
837
•802
'895
'11 41
•7.06
'4.94
'9.52
5.87
'746
5.22
'621
630
•710
'685
'7.41
•9.06
540
'496
8.42
'808
8.99
'11 30
•713
•496
•957
589
'749
•522
'625
'634
'713
'687
•741
'9.35
'5.41
'497
'854
'8.11
9.07
•1131
•714
498
•9.61
•588
•749
•5.22
'6.25
633
'722
'697
'745
'946
•550
•492
873
•820
9.16
'11 43
'718
'497
•9.67
591
'758
524
'6.28
6.34
•723
•696
•7.48
•870
•565
•496
8.67
•825
9.19
•1132
•723
497
'987
594
•765
•525
'638
6.41
•736
•708
'7.56
'876
569
•504
895
•837
938
•1155
•729
•509
•995
604
•770
537
•639
•652
'733
•707
'751
'867
5.72
'505
882
•840
937
'1147
'730
509
'994
'601
'773
529
•6.43
•658
'738
•7 12
•7.61
•9.04
•5.73
•504
889
'842
942
•1158
•731
•511
'1005
•6.04
'779
5.32
'6.52
667
'744
'720
'767
•896
572
•5.04
8.96
•8.48
'953
'1159
•738
•515
•1006
•6.02
•781
'531
'647
666
•767
•742
•7.82
•921
576
•518
•906
•8.58
968
•1191
•751
'5.19
•1010
617
•794
•5.43
'656
679
•754
•731
•774
•956
576
•513
'8.99
'856
9.68
'1229
'749
'522
•1013
616
'794
•542
662
679
757
734
7.79
'9.72
'576
'515
903
'859
'971
'1232
'745
'524
'1007
'616
•793
543
•659
677
'765
•742
•7.90
•1000
•579
•518
•9.12
•860
979
•1250
'7.53
•531
•1011
•618
•796
'544
'6.63
'681
"764
"741
"788
"987
"577
"5 15
"917
"864
"977
"1244
"753
"5.29
"1014
"619
"801
"546
"674
"684
6.66
917
'994
7.27
8.87
548
'579
585
725
'1005
•1080
799
'970
'5.93
'6.31
641
714
'971
'1057
790
•9.55
•5.85
'6.21
'628
'719
•968
•1064
•794
•964
589
•625
•634
723
'993
•1073
799
'970
591
•625
•639
'727
'1009
'1082
'8.03
'9.68
'594
•628
642
734
'1012
'1090
'8.09
'9.84
'598
'638
651
737
•10.27
'1095
814
'986
'603
'639
•6 54
•740
•10.25
'1106
•816
9.89
'603
'6.43
6 58
745
'1039
•11 14
•820
'997
'606
•6.52
•663
'746
•1041
•820
•1002
608
•6.47
665
7.52
'1065
'1152
'838
•1009
•609
•6.56
•671
7.53
•1062
'1134
'834
'10.13
'610
'6.62
'672
754
•1062
•1139
•837
•1015
•612
•659
672
•758
•1065
•1139
•8.43
•1015
•616
•663
•680
"763
"1071
"11 46
"848
"10.21
"619
"674
"6 84
do
do.
'127.3
'935
'1342
'1219
'1294
'127.2
1278
'127.0
'1254
'138.9
'926
'1483
'131.9
Y
141 9
'1394
'1381
'138.1
'1373
'136.5
•93.0
'1459
•1293
'1396
1373
'1362
'1355
•1345
•1376
•930
•1458
•129.9
'140.6
'1387
•1372
1368
'135.9
•1384
•929
•1474
•1309
'141.5
•1396
•1376
•1370
'136.7
•1390
922
'1490
•131.2
•1424
•1390
1384
•1378
•1374
•1405
•92.5
•1495
•1328
•1435
•141.6
•1397
'1401
'1392
•1414
•921
•1517
•1335
•1447
•1415
•1410
•1404
•1397
'1420
'921
'151 4
•1347
'1454
'142.3
1405
'141.4
•1408
'143.0
'92.3
'1534
'135.7
1464
•143.5
•141 2
•1426
•142.1
•1435
•923
•1534
•136.6
•1469
'1443
'1417
•1420
•142.6
•1449
'929
•1562
•139.9
•1489
•1455
•1421
•1431
•1434
•145.0
•928
•1560
•137.9
1491
•1460
•1425
•1433
•1437
•145.4
•933
•156.0
•138.1
•1500
•1463
•1428
•1438
•1439
'1462
•937
•1565
•1383
•1507
•146.3
•1437
'1447
•1452
"1474
"935
"1576
"1390
"1516
"1475
"1448
"1475
"1465
do .
1173
18.42
1292
1678
12 45
1613
1256
1630
1277
1648
1303
16.85
1309
16.98
1327
1731
1362
1766
13 69
1774
1369
17.72
1378
1789
1383
1799
1383
18.00
13 85
1807
"14 15
"1839
366
359
382
3 67
992
1064
392
388
409
3 91
1058
10.62
1054
1056
1066
1065
1061
10.79
11.00
1125
1139
11.09
234.93
17274
254.74
17013
25837 •257 95 •259 74 •261 50 '261 10
17009 •168 05 •168 44 •168 82 '16791
•258 69
•165 93
263.55
168.62
'206.40
'151.65
'220.57
'147.05
'219 37 •220 72 •220 70 '222.05 •223 65 •223 33 '224.13 •226 03 •225 73
'14933 '149 24 '148 22 '147 35 •14733 •145 40 '145.35 •145.83 •145 16
23510
'397 06
'367.78
288.62
310.78
'255.45
351.25
17646
•269 97
147 38
'20960
19071
25520
'439 19
•398.52
31800
•342 91
•280.74
'382 18
•190.95
'294 08
158 03
'229 05
20897
25098
•423 36
'387 39
312.84
•338 92
•275.02
•374.14
188.43
•287 21
156 60
•225 42
20538
25238
'424 95
'391 09
31759
•343 88
'279 74
'376 10
188.48
'288 37
•156 08
'225.63
•206 05
254.88
•420 04
'395.81
320.39
'346 72
•281 64
'381 52
•190.51
•289 11
'158 17
'225 63
20699
25774
•439 92
•407 86
31759
•342 80
'282 30
'383.90
19385
•294 10
16192
•227 96
'209 85
25988
•44730
•408 41
•320 40
•345 32
•284 86
•389.87
19483
•296 06
'162 23
•232.23
21089
•259 74
•450 85
•396 31
•322.32
•346 26
•287 78
•390 04
19449
•296 45
162 17
•230.04
•211 25
'261.18
•456 13
'419 62
'323 95
'350.07
'286 60
'388.65
'192 32
•298 38
157 64
•232 77
'213 85
•262.20
•461 32
•414 78
•325 54
•351 68
'288.56
'393.96
'192 68
'300 69
158 54
•236 02
21678
129
119
118
118
121
123
119
112
110
111
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.
Food and kindred products
Tobacco manufactures
..
Textile mill products
Apparel and other textile products .
Paper and allied products
Printing and publishing
Chemicals and albed products . . . .
do....
do .
do .
do
do- .
do.
do .
Rubber and plastics products, nee ..
Leather and leather products . . . .
Transportation and public utilities .. . ,
Wholesale and retail trade
do ...
do .
do. .
do .
Retail trade
Finance, insurance, and real estate
Services
do .
do. .
do....
Seasonally adjusted:
Private nonagricultural payrolls . .
dollars.
Manufacturing
do....
Transportation and public utilities
. . do.
Wholesale and retail trade
do.
Finance, insurance, and real estate . . . do .
Indexes of avg hourly earnings, seas, adj.: 1)
Private nonfarm economy
Current dollars
. .. 1977 = 100.
1977 dollars ±
do ..
Transportation and public utilities
do....
Finance, insurance, and real estate . ..
Services
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (ENR)' §
Skilled labor
Farm (U.S.) wage rates, hired workers, by
method of pay.
Avg, weekly earnings per worker,
private nonfarm. tl
Current dollars, seasonally adjusted
Spendable earnings (worker with 3 dependents):
Current dollars, seasonally adjusted
1977 dollars, seasonally adjusted $
....
Current dollars, not seasonally adjusted:
Private nonfarm, total
dollars
Construction
Manufacturing . . .
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale and retail trade
do ..
. do....
do.
do . .
. do.
do .
Finance, insurance, and real estate
do..
25276 '254 53
172 18 '171 98
254.50 •256 63
170 92 '170 18
'1122
263.15 '263 54 •267 05
•168 79 '169 47 B169 45
(')
(l)
26224 255.95 •262 39 •261 99 •261 92
'466 37 •456 89 •463 03 •465 16 '454 76
'417 75 •385 95 •406.39 •419.21 '411 72
•329 97 •312.38 32693 •327 27 '325 47
•356 73 '336 28 •352.93 •352.84 '350 06
•291 65 '277 65 •291 04 •289 93 '290 70
•395.36 '388 85 •397 10 •392.73 '394 29
•194 45 19189 '194 66 •194 66 '195 91
•302 25 •300 13 '303 31 '303 72 •304 07
•160 89 '157 47 •159 35 159 64 •161 02
•234 21 '237.47 23964 •239.22 •240 01
217 12 21932 22068 220 03 •221 33
HELP- WANTED ADVERTISING
Seasonally adjusted index .
See footnotes at end of tables.
.1967=100
109
106
103
96
"265 59
"455 18
"426 75
"329 55
"355 90
"292 61
"396 47
"197.46
"308 39
"163 25
"246 01
"222 30
S-13
SURVEY OF CURRENT BUSINESS
June 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1982
1981
1981
Apr
Annual
May
June
July
Nov
Oct
Sept
Aug.
Dec
Jan
Feb
Mar.
Apr
May
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
WORK STOPPAGES H
Work stoppages involving 1,000 or more workers:
Number of stoppages
Beginning m month or year
number
Workers involved m stoppages
Beginning in month or year
thous
Days idle during month or year
do.
187
145
17
18
30
23
9
5
7
5
2
2
2
2
795
20,844
729
48
200
16,908
4,085
85
4,454
80
36
13
2,618
1,576
1,018
26
899
734
12
141
4
146
6
200
3
237
7
331
UNEMPLOYMENT INSURANCE
Unemployment insurance programs
Insured unemployment, all programs, average
weekly # @
.
....
.thous
3,837
State programs (excl extended duration prov }
Initial claims .
.
.
thous
25,373
Insured unemployment, avg weekly
do....
3,350
Percent of covered employment @ @
Unadjusted . .
.
39
Seasonally adjusted
Beneficiaries, average weekly
thous
2,864
Benefits paid @
..
mil $ 14,590.3
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 $
3,410
3,453
3,111
2,949
3,012
2,874
2,680
2,753
3,228
3,935
4,681
4,723
4,892
23,939
3,048
1,647
2,988
1,417
2,691
1,741
2,596
2,114
2,743
1,610
2,656
1,680
2,488
1,996
2,592
2,286
3,061
3,272
3,778
3,328
4,470
2,272
4,376
' 4.280
35
34
34
2,698
31
34
30
3.4
2,256
3.1
32
2,280
30
34
3,486
29
35
30
37
43
41
51
4.1
5.0
1,061 9
1,004 9
2,174
1,001 0
2,142
9972
3.5
39
2,392
1,079 7
3,172
1,592 5
3,801
1,764 2
3,908
1,781 8
40
2,614
13,206 7
1,226 8
2,331
1,006 3
1,012 8
30
32
31
27
25
25
25
29
32
36
39
40
40
267
66
56
2949
193
40
16
46
22
44
44
228
15
34
35
171
11
26
26
130
9
22
21
101
11
19
20
20.0
19
44
45
214
10.2
8
16
15
71
13
12
53
11
49
230
19
42
44
211
8
41
15
43
43
6
41
192
7
38
154
26
30
162
29
115
13
29
71
15
36
15.0
21
37
160
164
19
56
253
22
73
305
11
67
280
9
65
339
162
2303
184
34
40
1761
210.8
41
13
4
38
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
Nonfmancial companies
do .
54,744
121,597
87,667
19,904
67,763
33,930
69,226 62,320 60,551 63,427 63,721 64,577 65,048 66,072 68,749 69,226 70,088 70,468
161,114 133,597 140,056 145,994 151,264 153,651 161,717 164,124 166,317 161,114 167,036 167,232 166,138 172,269
111,908 93,275 97,823 101,649 106,431 107,258 111,420 113,308 113,411 111,908 111,877 110,428 109,422 113,515
30,357 23,131 24,782 25,629 26,807 27,824 30,440 30,716 30,728 30,357 30,666 30,974 31,844 32,723
81,551 70,144 73,041 76,020 79,624 79,434 80,980 82,592 82,683 81,551 81,211 79,454 77,578 80,792
49,206 40,322 42,233 44,345 44,833 46,393 50,297 50,816 52,906 49,206 55,159 56,804 56,716 58,754
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
68,648
78,188
73,382
74,452
75,207
76,412
77,072
77,614
78,283
78,103
78,188
78,387
79,035
79,758
80,695
38,138
9,506
21,005
46,463
9,124
22,619
41,111
9,648
22,624
41,913
9,361
23,178
42,693
8,807
23,707
43,450
8,897
24,065
44,064
8,932
24,075
44,720
8,950
23,944
45,386
9,400
23,497
45,961
9,315
22,827
46,463
9,124
22,619
46,899
9,498
21,990
47,324
9,760
21,951
47,966
9,581
22,211
48,425
9,758
22,512
Federal Reserve banks, condition, end of period
Assets, total #
mil $
171,495
176,778 168,067 164,447 171,311 167,377 168,429 181,639 167,256 171,676 176,778 179,941 170,321 172,249 182,959 173,574
143,906 132,896 130,939 132,227 134,957 136,699 138,288 134,665 139,140 143,906 141,871 138,575 139,700 148,335 141,249
1,027
2,333
1,366
2,486
232
1,601
2,217
1,180
2,646
1,601
1,010
1,254
924
1,799
1,058
130,954 119,687 118,311 120,017 123,172 124,522 124,330 123,005 126,539 130,954 128,230 125,410 125,589 134,257 129,407
11,151 11,154 11,154 11,154 11,154 11,154 11,152 11,152 11,152 11,151 11,151 11,150 11,150 11,149 11,149
do
137,644
1,809
121,328
11,161
171,495
. do .
. do.
..do
31,546
27,456
124,241
30,816 31,310 27,213 27,423 29,690 30,398 41,924 28,742 29,053 30,816 39,324 29,630 30,073 38,357 26,834
25,228 26,063 24,304 23,626 26,011 27,045 27,243 23,672 24,312 25,228 25,066 24,964 26,357 24,702 23,463
131,906 121,852 123,251 124,783 124,765 125,134 125,050 125,351 129,086 131,906 126,835 126,869 128,855 130,189 132,619
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
•40,097
'40,067
'1,617
'-1,471
'41,918
'41,606
'312
'642
'-277
Large commercial banks reporting to Federal Reserve System, Wed nearest end of yr or mo
Deposits
Demand, adj'usted §
mil. $.
Demand, total # .
do
Individuals, partnerships, and corp
do
State and local governments
.
do
U S Government
do
Domestic commercial banks
do
Time, total #
. .
.
do .
Individuals, partnerships, and corp
Savings
.
do
Other time
do
119,485
108,595
228,086
158,283
5,829
1,108
41,407
Reserve bank credit outstanding, total #
Time loans
.
U S Government securities
Gold certificate account
.
Liabilities, total #
Deposits, total
Member-bank reserve balances
Federal Reserve notes in circulation . .
do
do
do ...
do....
'30
202
1,343
-980
40,512
40,260
252
2,154
-1,643
40,443
40,104
339
2,038
-1,408
41,011
40,667
41,026
40,731
40,593
40,177
344
295
416
1,751
-1,159
1,408
-893
1,473
-835
40,711
40,433
278
1,149
-719
40,951
40,604
347
695
-269
41,918
41,606
312
642
-277
43,210 '41,280 '39,230
42,785 •40,981 '38,873
425
'299
'357
1,526
1,713
1,611
-1,026 '-1,282 '-1,080
39,635
39,289
346
1,580
-1,067
39,381
39,199
182
1,105
-686
314,128
76,971
250,511
470,988
195,499
10,756
26,729
124,444
146,367
116,905 117,324 121,050 119,521 118,104 117,519 117,457 116,293 119,081 116,905 118,503 117,596 117,936 115,768 117,554
36,819 39,720 42,128 40,599 40,644 38,843 37,771 38,310 37,510 36,819 38,090 38,374 38,570 36,999 36,945
30,872 34,280 34,444 33,810 33,397 31,975 31,632 31,404 30,690 30,872 30,785 30,747 30345 29,548 29,158
80,086 77,604 78,922 78,922 77,460 78,676 79,686 77,983 81,571 80,086 80,413 79,222 79,366 78,769 80,609
Loans (adjusted), total §
Commercial and industrial
For purchasing or carrying securities
To nonbank financial institutions
Real estate loans
Other loans
do
do
do
do
do
do
Investments, total
U S Government securities, total
Investment account *
Other securities
do .
do .
do
do
118,098
39,611
35,239
78,487
40,366
40,164
97,582 97,112 101,466 97,112 95,313 100,656 99,021 106,737 108,595 99,682 95,764 101,234 94,010 95,278
187,518 188,649 195,175 209,661 173,365 187,335 209,236 163,230 186,099 187,518 170,840 169,273 172,931 157,940 179,476
140,376 128,823 130,792 140,406 122,000 127,927 135,847 123,561 137,774 140,376 127,443 125,658 131,868 120,484 133,774
5,235
4,456
4,262
5,176
4,161
4,526
5,129
4,123
4,985
5,235
5,328
5,133
4,640
4,492
4,521
2,148
2,880
3,312
1,082
2,958
1,784
1,106
2,198
1,566
1,114
2,148
3,645
3,331
1,133
1,148
21,896 32,839 36,735 41,213 27,912 36,984 44,149 18,025 22,158 21,896 19,273 19,762 19,695 16,143 23,721
362,502 322,988 334,602 337,288 341,127 349,779 349,069 350,216 356,985 362,502 367,200 370,510 372,461 373,733 381,227
72,670
205,862
433,313
174,581
9,988
26,073
111,819
135,555
See footnotes at end of tables
176,778 168,067 164,447 171,311 167,377 168,429 181,639 167,256 171,676 176,778 179,941 170,321 172,249 182,959 173,574
77,897 77,797 78,235 76,358 76,172
210,960 221,735 225,775 232,026 239,712
430,385 437,294 450,102 442,499 452,309
174,438 176,617 182,545 180,450 184,956
8,701 10,388 12,111
9,154
8,616
25,309 25,807 26,785 25,957 27,137
115,341 116,634 117,927 118,905 120,264
129,376 132,900 137,099 132,755 139,346
75,364 74,359
240,184 242,481
460,044 455,089
187,874 187,174
10,204
8,483
26,273 25,408
121,596 122,302
145,053 137,542
76,758 76,971
245,714 250,511
468,089 470,988
191,818 195,499
10,672 10,756
26,385 26,729
123,512 124,444
146,880 146,367
79,286 79,314 80,434 78,902
252,236 253,750 255,514 257,536
470,410 472,278 476,519 479,517
198,009 198,819 202,573 204,731
8,675
9,163
7,782
7,484
26,756 26,762 27,913 28,096
126,157 126,840 127,306 128,538
144,998 144,382 140,837 138,662
80,795
263,021
486,083
209,058
9,056
27,768
129,098
143,552
S-14
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
Annual
June 1982
1982
1981
May
Apr
June
July
Aug.
Sept
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
FINANCE—Continued
BANKING— Continued
Commercial bank credit, seas adj :
Total loans and securities U
bil $
U S Treasury securities
do
Other securities
do
Total loans and leases K
. do
Money and interest ratesDiscount rate (N Y F B. Bank), end of year or
month
.
..
. .
. . .percentFederal intermediate credit bank loans
do .
Home mortgage rates (conventional 1st
mortgages):
New home purchase (U S. avg )
. percent .
Existing home purchase (U S avg ) .
.do
Open market rates, New York CityBankers' acceptances, 90 days
do
Commercial paper, 6-month j
. . .d o
Finance co paper placed directly, 6-mo @ do
Yield on U S. Government securities (taxable):
3-month bills (rate on new issue) . . percent
CONSUMER INSTALLMENT CREDIT
Total extended and liquidated.
UnadjustedExtended
mil $
Liquidated
,. ...
do
Seasonally adjusted
Extended, total # . . .
.do
By major holder
Commercial banks . . .
do .
Finance companies
. .
do
Credit unions
do
Retailers
.. . . do
By major credit type.
Automobile
....
do
Revolving
do
Mobile home
do
Liquidated, total # . .
...
do
By major holder
Commercial banks
. do
Finance companies
do
Credit unions .
. .
do
Retailers
...
1,324 0 1,327 5 '1,316 3 '1,320.1 '1,332 4 '1,342 5 1,352 5
'1151
1125
1103
111.0
'1141
'114.4
1166
2287
'2315 '2320 '2331
2340
2312 '2314
9828
986 1 '9739 '9745 '9852 '9950 1,002,0
'1,316 3
1110
'2314
'9739
12.87
1210
"1420
1300
1365
1387
13.95
1400
1429
1400
1400
1400
1528
1300
1526
1210
1487
14.63
12.00
1445
1200
1483
1400
1511
1200
1459
1411
1414
1225
'1258
'1417
"1462
1362
1399
1356
1419
1412
1440
1414
1477
1460
1503
1469
1538
1504
15.68
1580
1523
15.53
1467
1537
1444
1522
1493
1507
1513
'1278
H229
3
1128
"1532
3
14.76
3
1373
1465
1417
12.94
17.56
1666
1497
1627
1522
1413
1710
1609
1447
1722
1662
1532
1611
1593
1501
14.78
1472
1396
1200
1196
1213
1214
1124
13.06
1256
1447
1427
1358
1373
1347
1289
1395
1172
3
11506
H4 077
13635
16295
14557
14699
15612
14951
13.873
11269
10926
12412
13780
12493
12821
306,076
304,628
336,341
316,447
28,951
26,353
28,036
26,026
30,397
27,286
28,750
26,885
29,299
25,799
30,158
26,133
27,158
26,693
26,526
26,125
30,914
22,574
26,595
25,814
22,758
25,460
27,986
28,289
28,449
27,217
29,271
28,377
29,223
28,290
28,323
29,406
26,836
27,370
26,656
26,888
27,150
27,462
28,684
12,379
5,218
3 181
5,002
12,283
11,973
5,439
3,299
4,826
11,458
6,385
12,384
7,158
2558
4,568
11,610
5,327
12,430
5,287
2,571
13,264
4,089
2517
4,142
11,775
4,433
3,326
4,385
12,431
12,519
5,002
12,790
3212
4,486
12,701
5,251
3 137
5,018
7,459
12,383
593
26,549
7,384
11,876
'620
26,806
7,515
12,658
509
27,192
8,059
8,396
9,000
11,663
520
12,263
26,739
25,895
7,490
11,753
475
25,834
7,352
11,706
445
12,333
12,072
4528
2821
4,489
11,986
11,944
4,491
2,767
11,704
4002
2
1222
2
1,267.9 1,2851 1,295.4
1139
116.0
1167
2195
2206
221.6
9345
9485
9572
3965
2909
4,471
do....
By major credit type.
Automobile
. do .
Revolving .
do
Mobile home
..
. . . do.
313,472
Total outstanding, end of year or month #
do
By major holder
147,013
Commercial banks
. ,
do .
Finance companies
do .
76,756
44,041
Credit unions
..
do. ..
Retailers . ..
do.
28,448
By major credit type.
116,838
Automobile .
..
do,
58,352
Revolving
.
.. do,.
17,322
Mobile home .
do
FEDERAL GOVERNMENT FINANCE
Budget receipts and outlays.
Receipts (net) . . .
. mil. $ . '517,112
Outlays (net) . . .
.
do . '576,676
Budget surplus or deficit (— )
. do
'-59,563
'59,563
Budget financing, total .
do.
Borrowing from the public . .
do
•70,515
Reduction in cash balances
do . '-10,952
'914,317
Gross amount of debt outstanding
. do
Held by the public .
do . '715,105
Budget receipts by source and outlays by agency
Receipts (net) total
mil $ '517,112
Individual income taxes (net)
. .. do
'244,069
'64,600
Corporation income taxes (net)
...
do
Social insurance taxes and contributions
(net)
. . mil $ '157,803
1
Other
do .
50,640
Outlays, total # .
do . '576,675
Agriculture Department .
.
..do
'24,555
Defense Department, military . .
do
'132,840
Health and Human Services
Department §
mil $ '194,691
Treasury Department
do
•76,691
National Aeronautics and Space Adm . .. do. .
'4,850
Veterans Administration
do
•21,135
GOLD AND SILVER:
Gold
Monetary stock, U S (end of period) . .. mil $
11,160
Price at New York re
dol per troy oz
612.509
Silver
Price at New York rp
dol per troy oz
20632
See footnotes at end of tables
1,302 8 1,3122 1,3178
1164
1156
1132
223.8
2256
2223
964.0
972.7
9790
1,239 6
110.0
214.4
915.1
4,937
4,681
2918
4,602
2913
4,616
4,561
2668
4,629
7,003
11,590
386
6,537
11,486
364
532
26,431
11,957
4476
2692
4,557
1547
2621
4,559
11,686
4,123
2830
4,455
4,279
1200
1335
4,857
2,695
4,254
1539
1364
1309
1,362 0
1163
2349
1,010 8
1200
•1393
1511
1557
1329
1302
1261
12148
5,343
2,631
4,536
3,010
4,618
8,073
11,379
479
11,592
508
7,474
11,070
'434
7,283
11,730
'364
7,183
12,143
411
12,416
26,770
26,689
26,445
27,075
26,472
27.509
11,997
12,104
4,503
2886
11,765
5030
2'637
4,358
12,602
12,353
12,694
4,799
2878
4,437
4,825
2795
4,405
4,480
4,550
2830
4,378
4,329
2753
4,365
7,871
544
6,921
11,692
375
6,466
7,509
7,284
7,595
7,339
7,211
7,638
11,429 11,358 11,533 11,266 11,885 11,836 11,917
353
404
408
396
493
365
460
333,375 313,669 315,679 318,792 320,656 324,161 328,187 328,652 329,053 333,375 330,135 327,435 327,131 328,363
6,811
11,443
410
7,498
11,520
372
7,366
11,651
399
149,300 143,680 143,841 145,125 145,382 146,006 147,060 146,889 146,687 149,300 148,162 146,922 146,454 146,616
89,818 81,033 81,794 82,723 83,924 86,152 88,698 89,583 89,956 89,818 88,925 89,009 89,591 90,674
45,954 44,390 45,055 45,686 46,096 46,605 46,791 46,416 46,092 45,954 45,907 45,586 45,632 45,450
29,551 26,263 26,287 26,394 26,396 26,477 26,594 26,922 27,510 29,551 28,179 27,013 26,530 26,537
126,431 119,076 119,582 120,400 121,476 123,481 125,703 126,344 126,385 126,431 125,525 125,294 125,559 126,201
63,049 55,716 55,820 56,798 56,764 57,280 58,318 58,451 58,923 63,049 61,433 59,514 58,491 58,641
17,342 17,576 17,704 17,760 17,959
18,124 18,300 18,380 18,486
18,397 18,343 18,363 18,402
18,486
•599,272
•657,204
'-57,932
74,464
38,514
57,198 54,608
17,266 -16,094
•57,932 -17,266
•79,329 -3,725
•-21,397 -13,541
70,688
48,142
55,619 58,486
15,070 -10,343
16,094 -15,070
539
572
15,555 -15,642
10,343
3,383
6,960
60,594 45,467 44,317 57,407 85,269 43,042 45,291
53,095 53,698 63,573 54,959 76,875 45,930 57,822 63,546
6,897 -18,105 -10,642 -19,468
9,339 -14,780 -18,255
-5,119
5,119 -6,897 518,749 12,522 20,516 -8,109 14,993 18,773
8,577 10,374 10,972 14,274
9,783 10,693 12,305
6,501
-1,382 -15,474
8,375
1,550
6,242 -17,892
4,300
6,468
986,312 1,003,941 1,011,111 1,019,324 1,034,716 1,043,817 1,053,325 1,066,393
47,976
'1,003,941 970,326 974,758 977,350 979,388
•794,434 774,863 775,402 775,973 779,356 785,857 794,434 804,808 815,780 830,055 839,837 850,504 862,809
74464
38,659
9,371
38514
10,496
1,011
70688
33,729
15,792
48 142
24,439
1,715
47976
21,615
1,607
60594
30,882
8,659
45467
•61,137
•182,720
•69,499
20,201
6,232
20,694
6,312
14,657
6,510
15,206
6,783
18,190
6,565
14,516
6,537
15,369
•657,204
•26,030
57,198
55,619
58.486
1,123
14,392
53,095
2,750
13,239
53,698
13,624
6,278
63,573
3,146
14,351
19074
12,100
509
21 141
7522
417
2,992
19,342
7,793
401
786
20,905
6,537
348
2,008
21,249
8268
658
3,010
•599,272
•285,917
•156,035
1,546
13,000
54,608
1,456
13,500
•230,304
'92^633
'5,421
•22,904
19,308
8376
483
2,164
18,897
7415
461
1,668
2,117
13,464
1,784
604
22,555
1,265
44317
21,775
745
57 407
25,770
10,220
55269
32,646
2,473
43042
21,007
1,293
45,291
15,795
6,002
14,641
6,777
14,575
5,574
15,109
5,633
18,752
54,959
3,072
76,875
57,822
13,889
63,546
4,394
15,880
45,930
4,573
13,783
14,239
16,042
19,770
33,866
13*277
551
3,214
7,319
20,679
7'935
443
8'l64
21 628
8'204
517
851
4,793
760
2,984
493
1,908
13,391
6,910
6,238
7'598
'524
2,269
11,151 11,154 11,154 11,154 11,154 11,154 11,152 11,152 11,152 11,151 11,151 11,150 11,150 11,149
459.614 494 905 479 788 460 761 408 839 410 960 444.095 437 195 413671 408 743 384 125 374.071 330 248 350.488 334 403
10518
11437
10848
10001
8631
8925
10035
9251
8547
8432
8.030
8.268
7213
7311
6674
S-15
SURVEY OF CURRENT BUSINESS
June 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
May
Apr.
Annual
1982
1981
June
July
Aug.
Sept
Oct
Nov
Dec.
Jan
Feb
Mar
Apr.
May
FINANCE—Continued
MONETARY STATISTICS
Currency in circulation (end of period)
bil. $.
Money stock measures and components (averages
of dally figures), t
Measures (not seasonally adjusted)' $
Ml .
.
bil S
M2
do.
M3
do .
L (M3 plus other liquid assets)
doComponents (not seasonally adjusted)
Currency
..
do
Demand deposits
.
do
Other checkable deposits $$ .
do
Overnight HP's and Eurodollars *
do
Money market mutual funds .
. do.
Savings deposits
.
..
do
Small time deposits @
do..
Large time deposits @ .
..
..do
Measures (seasonally adjusted) $
Ml
do
M2
do
M3
. . .
d o
L (M3 plus other liquid assets)
do
Components (seasonally adjusted)
Currency
.
do
Demand deposits
do
Savings deposits
do
Small time deposits @
do
Large time deposits @
1372
4014
1456
429.6
1,746 9
1,591.6
1,873 0
2,089 8
2,267 6
2,519 0
1117
2639
2399
218
300
55.2
4040
7064
2363
1198
65.6
38.7
1101
3616
812.9
2864
machinery, and transport equip )
. mil. $
Machinery (except electrical)
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
Transportation
Communication
Financial and real estate
1381
1383
1385
1385
1388
1427
1456
1405
1405
1426
1440
4397
'451.2
4534
'4372
4400
'4555
4321
4345
4360
4232
4276
4304
4315
1,729 1 '1,724 0 '1,739 2 '1,756 1 '1,766 9 '1,775.7 '1,793 3 •1,809 6 '1,829 4 •1,849 2 '1,842 9 '1,861 9 '1,887 9
2,052 7 '2,055 7 '2,076 5 '2,098 4 '2,115.4 '2,132 4 '2,152 6 '2,1756 •2,199 9 •2,217 2 '2,216 0 '2,237 4 '2,265 9
2,464 2 '2,476 4 '2,501 9 '2,522 1 '2,544 3 '2,568 5 '2,598 6 '2,628 7 '2,653 0 •2,673 9
1183
2468
668
368
958
3764
7900
2681
1192
119.7
2359
237.0
641
409
664
'988
3699
7969
429
'1029
3650
8064
2773
2817
1213
2376
686
42,3
'1128
3652
8095
2866
1213
2347
697
431
'122.2
355.0
8220
2948
1208
2346
717
39.6
'1306
3479
832.1
2991
1212
2366
724
362
•1373
3439
8476
2998
1229
2375
752
'369
•1449
3422
8519
3018
1254
2433
784
381
•1512
3430
8517
'305.4
1233
2436
825
'432
'154.9
3468
8575
3076
1230
2285
814
'429
'1560
3445
868.5
'314.2
1238
2282
'83.7
'430
'1592
346.1
'8796
'3174
1257
'2361
'89.5
'404
'1619
3481
8881
'3177
1191
2435
3788
7841
2676
1194
2404
1197
2377
3735
7958
'2783
3668
8055
2856
92,579
8,222
977
2,789
11,578
100,812
8,506
1,157
3,108
12,555
24,583
1,628
1,929
3,203
1207
2366
3509
8308
'2998
876
3,259
25,133
1205
2367
3610
8140
2931
7,419
568
641
1,076
1,833
2,768
2,334
29,307
2,181
408
121 1
2347
3431
8397
3023
1213
2357
3396
8498
3022
1218
235.7
3409
8568
3006
25,089
2,200
123.1
2364
3436
8547
'3003
123.8
2393
3488
1273
228.2
853
427
164.3
3474
8948
3197
451.6
1,896 9
2,277 9
'3505
1275
2326
3508
'8700
'3125
8816
'317.0
8936
3210
1251
2330
3507
'3026
'859.4
'3080
8523
445.2
1,888 3
2,267 9
'1263
'2330
1246
'2346
348.6
22,608
2,229
198
829
2,887
5,499
269
361
-2
308
634
3,015
6,257
553
296
1,278
1,156
3,102
775
3,967
4,335
1,350
11,459
7,114
12,726
7,852
3,278
2,159
3,084
3,539
-209
15,900
40,045
983
936
871
-622
do
-3,424
14,745
36,495
4,173
10,039
4,246
9,611
mil $
81,111
75,874
8,273
5,954
10,979
4,259
3,310
4,972
5,363
9,729
5,969
'3,283
'5,838
6,601
4,371
do...
do
do
56,265
18,996
3,635
45,606
4,720
2,046
1,589
67
3,839
1,382
141
7,112
2,039
59
3,948
1,870
145
•1,477
199
•1,430
'185
4,653
1,750
198
2,339
4,754
188
2,544
2,037
186
'4,074
2,453
85
1,578
1,467
14
'1,607
'25,042
'1,861
3,251
2,440
164
5,704
72,509
7,258
1,947
565
1,415
5,855
2,204
753
1,410
10,646
1,894
1,997
3,702
822
328
630
4,767
5,362
238
'3,283
'727
•724
'5,689
'479
•479
'1,088
6,601
1,142
919
4,371
2,219
547
653
1,617
166
65
899
2,267
74
840
807
2,563
9,210
2,462
797
1,246
120
411
3,254
5,963
1,212
352
724
1,761
3,059
468
625
608
186
202
545
201
1,894
'506
'76
'366
'2,994
255
87
1,523
8
1,258
3,477
5,538
2,950
'6,688
'3,115
13,023 '12,095
12,202
do
Elec machinery, equip , and supplies
do.
Transportation equipment (except motor
vehicles, etc )
. .
...
mil $
Motor vehicles and equipment . .
do
All other manufacturing industries
do
Dividends paid (cash), all industries .
1365
4333
4292
4284
4294
4312
432.9
4364 '4409
4486
4473 '4483 '4523
431 1
1,723 1 '1,732 4 '1,740 9 '1,753 7 '1,772 4 '1,7783 '1,789 5 '1,809 9 '1,822.7 '1,841 3 '1,848 0 '1,865 2 '1,880 7
2,046 2 •2,065 2 '2,082 1 '2,1025 '2,1260 •2,138.1 '2,151 1 '2,174.7 '2,188 1 '2,204 3 '2,215 0 '2,235 8 '2,257 9
2,455 5 '2,483 2 '2,506 7 '2,530 5 '2,559 8 '2,577 4 '2,600 1 '2,629 5 '2,642 0 '2,659 4
do
PROFITS AND DIVIDENDS (QTHLY.)
Manufacturing corps (Fed Trade Comm )
Net profit after taxes, all industries
. mil. $
Food and kindred products
do .
Textile mill products .
do. .
Paper and allied products
.. do
Chemicals and allied products .. .
do
Petroleum and coal products
do .
Stone, clay, and glass products
do .
Primary nonferroua metal
do
Primary iron and steel
. do
Fabricated metal products (except ordnance,
1350
mil $
do
do
do
do .
do
do .
78,889
24,398
4,818
15,940
17,397
9,122
3,527
1,755
1,795
572
905
1,746
666
-139
3,754
10,678
703
1,331
723
1,176
1,885
147
3,745
7,385
15,638
14,492
2,776
6,160
17,197
do
do
47,133
26,485
46,134
34,443
5,082
1,881
3,358
4,763
4,921
3,756
3,255
2,267
3,088
3,539
4,412
3,625
3,543
5,035
2,902
5,072
3,138
3,780
2,525
mil $
14,721
14,411
14,869
14,951
15,136
15,154
14,585
14,023
13,926
14,124
14,411
13,441
do.
do
2,105
6,070
3,515
7,150
2,270
6,440
2,345
6,150
2,350
6,650
2,670
6,470
2,645
6,640
2,940
6,555
2,990
6,100
3,290
6,865
3,515
7,150
3,455
6,575
3,755
6,595
3,895
6,510
4,150
6,270
dol per $100 bond
414
337
432
345
459
329
450
351
458
330
437
318
39.4
299
368
300
374
337
410
332
371
309
358
311
37.0
329
373
333
382
340
399
5,733 07
43018
41849
45782
44469
47507
57736
567 S4
61197
67376
41047
38834
51280
50913
51005
State and municipal issues (Bond Buyer)
Long-term
Short-term .
1,690
692
1,506
2,084
150
765
541
74
91
105
'962
'68
'66
2,708
31
5,029
5,885
SECURITY MARKETS
Stock Market Customer Financing
Margin credit at brokers, end of year
or month
Free credit balances at brokers
Margin accounts
Cash accounts
Bonds
Prices
Standard & Poor's Corporation
High grade corporate.
Composite §
Domestic municipal (15 bonds)
do. ..
574
Sales
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mi! $ 5,19030
See footnotes at end of tables
S-16
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
Annual
June 1982
1982
1981
Apr.
May
June
July
Aug
Sept
Oct.
Nov
Dec.
Jan.
Feb
Mar.
Apr.
May
FINANCE—Continued
Bonds—Continued
Yields:
Domestic corporate (Moody 's)
By rating
Aaa
Aa
A
Baa
percent
12.75
1506
1466
15.15
14.76
15.18
1560
16.18
1620
15.35
1538
1605
16.13
1568
1553
15.34
do .
do
do
do .
1194
12.50
1289
13.67
14.17
1432
1488
15.43
15.95
1375
1489
15.42
15.76
1634
15.49
1595
1636
1692
15.40
15 82
1647
17.11
14.23
15.00
1575
1655
15.18
1575
16.19
1710
1527
15 72
1635
17.18
1458
1521
16 12
1682
14.46
14 90
15.80
1438
14.79
1536
1617
14.22
1529
1604
13.88
14.39
14.82
1556
15.95
1678
1426
14 77
1570
16.64
do .
do
do
12.35
13.15
11 48
1450
1562
13.22
1400
1532
1285
14.45
15 84
1290
1425
15 27
13.09
1448
15.87
1322
14.87
16 33
1350
1547
16 89
1371
15.64
16.76
13^88
15.19
13.92
1500
15.77
1384
1537
1673
14.10
15.53
15 50
14.08
15.29
1607
1400
15.22
1582
1403
1508
15.60
1393
do. .
do. .
8.73
851
10.81
11.56
11.23
1287
1094
10.55
1262
10.64
1073
1296
1085
1056
12.39
1144
1103
13.05
1310
1213
13.61
12.93
1286
14.14
1299
12.67
1413
12.18
11 71
1268
1330
12.77
1288
1315
13 16
1373
1270
1281
1363
1313
1272
1298
1197
1245
12.84
1199
1199
12.67
32823
891.41
11043
307.23
36461 39066
93292 1 004 86
10858 107.32
39856 439.23
380.45
97952
106.84
423.24
38492
99627
10879
42272
36897
94794
10759
40426
36422
92625
111.49
39627
333.33
85338
10518
353.12
337.10
85324
10377
36856
34644
86044
11042
38356
351.31
87828
110.73
38711
333.99
85341
10568
353.99
32754
83315
105.98
34593
31894
81233
332.69
84496
11217
34468
333 11
84672
11449
34090
128.04
144.24
13903
10067
13443
152.29
15080
10596
129.13
14530
14010
10163
12963
145.95
141.13
11004
122.92
136.76
125.80
9838
123.79
13835
128.23
9837
11084
12285
11243
9700
5228
2355
9255
5406
2299
9112
89.68
5353
2221
90.84
1446
5342
11724
14067
15.23
5628
11920
15240
1476
5401
11258
14900
51.39
1895
7599
1419
5385
10048
14608
5233
1768
6773
1467
5394
12062
146.16
51.41
2101
8383
1440
5375
113.93
14122
5452
21.92
1444
4965
119.30
14281
5215
2412
9091
1580
5823
12768
15550
11728
13108
12178
95.43
5181
2005
8086
1395
5133
10251
14108
114.50
127.56
12053
9732
5096
25.88
10325
11827
132.67
126.60
9367
5101
20.03
7881
13.73
50.82
111.69
13295
119.80
13398
12398
96.89
5187
23.26
9309
14.44
5245
11782
14129
13173
14906
14678
104.67
5037
2448
9477
14.55
52.57
11809
142.21
132.28
14870
14484
108.55
Financial (40 Stocks)
1970=10..
NewYorkCity banks(6 Stocks) 1941-43=10
Banks outside N Y C (10 Stocks) . . do
Property-Casualty Insurance (6 Stocka) do .
11878
13452
131.37
86.88
50.54
1852
7557
1250
44.00
102.90
12706
11631
12919
117.32
102.91
5425
1871
7120
1459
5593
9740
14914
11635
12968
11584
10381
5488
1850
7116
1381
52.27
9329
14245
New York Stock Exchange common stock indexes.
Composite
12/31/65=50.
Industrial
do...
Transportation
do ..
Utility
...
.
do.. .
Finance
do
68.10
78.70
6061
3735
6425
7402
85.44
72.61
3891
7352
7760
9057
8063
38.34
74.59
7628
8878
76.78
3827
74.65
7680
8863
76.71
39.23
7979
7498
68.37
7807
69.40
7893
6565
38.87
72.56
7149
8086
67.68
4073
7647
7181
81.70
6791
7685
6204
6616
40.22
74.74
39.30
5909
3832
6697
7559
5791
3920
7497
7524
86.72
7327
4022
73.76
70.99
7050
5.26
4.86
455
1046
298
5.41
1181
498
467
10.33
317
538
1230
5.03
404
5.75
1060
520
490
1018
3.40
541
12.36
476
10.03
322
495
1223
518
488
1007
334
535
1243
516
486
978
346
543
1263
569
538
1049
399
5.74
1301
5.65
535
1046
380
557
528
10.22
376
548
1283
595
564
1074
4.20
589
1077
438
5.79
1309
554
528
992
3.67
519
1276
1319
1320
475,850
15,486
490,688
15,910
48,253
1,459
41,252
1,278
46,694
1,520
42,649
1,310
37,728
1,224
33,534
1,220
39,673
1,380
37,495
1,303
38,692
1,365
33,445
1,222
35,953
397,670
12,390
415,913
41,575
1,204
34,253
1,019
39,713
1,232
36,340
1,064
31,769
973
28,378
974
33,826
1,129
32,029
1,062
32,701
1,092
28,301
12,843
987
11,352
11,854
1,123
906
1,101
954
921
959
996
988
959
968
1,242 80
1,143 79
38.298
By group
Industrials
Public utilities
Railroads
Domestic municipal
Bond Buyer (20 bonds)
Standard & Poor's Corp (15 bonds)
U.S Treasury bonds, taxable $ .
. . . . do....
1475
14.41
1508
14 97
15.82
1639
16 72
Stocks
PricesDow-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)
Transportation (20 Stocks)
Railroads (10 Stocks)
Yields (Standard & Poor's Corp )•
Composite (500 stocks)
Industrials (400 stocks)
Utilities (40 stocks)
Transportation (20 stocks)
Financial (40 stocks)
do.
1970= 10 .
1941-43=10.
percent
do ..
do.
. . do ..
do .
..
Preferred stocks, 10 high-grade
do. .
Sales:
Total on all registered exchanges (SEC)Market value
mil. $..
Shares sold
millions
On New York Stock ExchangeMarket 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
494
9.77
33.709
1,229 56 1,238 19
34.967 35.545
1,224.74
36.859
8664
7442
3890
1,22489
37.404
1,149.19
37.567
6367
3817
6938
547
6827
1,080 56 1,134 19 1,181 82 1,143 79
37.709 37.874
38.144 38.298
1,11582
38,408
10747
32885
1415
5377
96.11
147.01
6386
71.51
5519
3857
6908
7144
6707
7597
5684
3940
69 16
628
599
1061
472
692
1297
599
570
1027
447
573
1290
1258
44,157
1,713
39,900
1,533
30,268
1,071
38,232
1,411
33,714
1,242
972
1,270
1,136
7478
606
575
1,313
1,053 75 1,03686
38.572
38,588
1,081.87
38.738
FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTS
Exports (mdse.), incl reexports, total @
mil. $ 220,704 9 1233,739 0 20,511.9 19,988.7 20,261 5 18,569 0 17,766 4 18,819 2 19,896 8 19,047 7 19,1399 17,5153 17,637 3 20,160 9 18,610 6
do.. 220,548 7 '233,677.0 20,509.3 19,986.1 20,254 7 18,565 2 17,764 2 18,816 1 19,893 5 19,040 0 19,130 0 17,507 9 17,635 5 20,151 7 18,605 2
do..
19,786 1 18,899.0 19,749 8 19,289 4 19,030 8 19,550 7 19,163 2 19,1529 18,885 4 18,736 7 18,703 6 18,602 0 17,842 8
Excl. Dept of Defense shipments . ...
Seasonally adjusted
By geographic regionsAfrica
.
Asia
Australia and Oceania
Europe ...
Northern North America
Southern North America
South America
. .
By leading countries
Africa
Egypt . . .
.
. . . .
Republic of South Africa ,
Asia, Australia and Oceania.
Australia, including New Guinea
Japan .
See footnotes at end of tables.
1,088 4
52934
6927
5,338 0
•39,565 8
•24,368 7
•17,732.1
9286
5 1040
5557
5,795 4
3,691 1
2,271 1
1,522 6
•2,159.4
•2,911.7
198.0
260.4
1933
2653
2850
2500
9,060.4
60 168 3
4,875 7
71,371 4
35,399 0
21,337 7
17,376 8
'11,097.4
'63 848 7
'6,435 8
•69,714 7
do .
do .
1,873 6
2,463 5
. .
. .. do
do
9747
9363
8754
52806 48375 50108
5150
5591
5441
5,214.1 5,019 3 5,709 9
3,927 8 2,977 3 3,1030 3,302 7
2,3126 2,082 3 1,834 2 1,889 1
1,500 9 1,469 6 1,338 2 1,364 8
9981
5,466 1
5141
6,068.4
3,639 0
2,157.5
1,509 5
do
do
do. .
do. .
. do
do.
.. do
4,130.7 •5,297 5
20,790.0 '21,823 0
4242
4886
4269
1,756 1 1,595 2 1,786 8
184.2
2679
1938
2334
4301
4777
1,900 0 1,594 2
1327
2302
7955
9444
55826 52864
5452
5892
6,040 2 5,720 0
8506
5 1723
4614
5,545 1
3,145 8 3,213 8 2,841 7 2,463 8
2,070 6 2,002.4 1,888 3 1,703 4
1,423 0 1,408.5 1,305 6 1,3186
1776
2669
4649
4908
1,678 1 1,859.0
140.7
2220
925.4
56288
5824
5,9125
9724
51948
4426
5,605.7
9671
57522
5979
6,328 8
2,593 5 3,346 8
1,665 1 1,7913
1,163 0 1,376 6
1428
215.9
172.6
2309
2752
2246
231.1
2067
4641
4866
1,940 1 2,064 6
391.2
1,785 8
3705
1,705 6
4906
1,862 2
1,027
1,039 18
38,594
SURVEY OF CURRENT BUSINESS
June 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
Annual
S-17
1981
Apr
May
June
July
Aug
1982
Sept
Oct
Nov
Dec
Jan.
Peb
Mar.
Apr.
FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF EXPORTS— Continued
Exports (mdse ), mcl reexports— Continued
Europe
France
mil $
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 #
Brazil
.
Mexico
Venezuela
Exports of U S merchandise, total §
Excluding military grant-aid .
Agricultural products, total
.
Nonagricultural products, total
By commodity groups and principal
commodities
Food and live animals #
Beverages and tobacco
Crude materials, inedible, exc fuels #
Mineral fuels, lubricants, etc # .
Oils and fats, animal and vegetable
7,485 4
'7,340 5
7058
652.1
5508
512.8
5185
6132
5552
573.9
5627
523.4
5635
4786
'2957
400
25.2
52
146
90
90
24.9
17.7
164
499
266
437
10,959 8 '10,2767
864 1
9400
808.5
7379
7637
887.7
9002
846.4
7989
822.5
7896
9696
do
do
do
5,511.1 '5 360 0
3945
1,512 8 '2,431 3
141.6
12,693 6 '12,439 2 1,156 4
4737
4249
1,088.4
3520
1272
1,1465
444 7
1,111 2
8854
1013
4196
2574
952.1
3904
280.8
9268
4590
2399
9083
5480
3583
9406
4136
3980
9121
3975
4505
8175
379.0
421.3
991.0
do.
35,395.3 '39,564 3
3,639 0
3,691 0
3,927 7
2,977 0
3,103 0
3,302.5
3,145 7
3,213 6
2,841 7
do
do
do
do
36,030 4 '38,950 1
4,343 5 '3,798.2
15 144 6 '17,788 7
4,572.8 '5,444 9
3,395 1 3,533 2 3,561 7 3,272 0 2,933 6
3308
3471
2873
3321
2698
16039 1,673 4 1,735 8 1 513 0 1,314.4
4385
5087
3999
4368
482.4
do
do
do
do
216,592 2
216,436 0
41,255 9
175,336 3
431
'228,960 8 20,102 3 19,618 1
'228,898 7 20,099 7 19,615 5
'43,338 5 3,751 4 3,566 8
'185,622 6 16,350 9 16,051 3
803
27,743.7 •30,290 8
2,663 0 '2,914 7
23,790.7 '20,992 4
7,982 3 '10,2790
1,946 3 •1,7503
2,640 5
2190
1,823.9
745.5
1454
2,412 1
2375
1,865 0
6377
1518
2,330 7
2177
1,594 4
6138
1645
2,342 3 2,241 2
1944
1873
1,2445 1,301.0
9190
9186
1294
168.1
Chemicals . . . .
do
Manufactured goods # .
.
.... do
Machinery and transport equipment,
total . . .
.
. . mil. $
Machinery, total #
do
Transport equipment, total
.. .. do .
Motor vehicles and parts
.. .. do.
20,740 2 •21,187 1
22,254 6 '20,632.5
1,763 9
1,940 9
1,859 2
1,893.3
1,819 4
1,802.2
1,826.0
1,660 1
84,552 9
55,789 7
28,838 8
14,589 6
8,651 4
5,456 1
3,196 1
1,531 5
8,459 8
5,3714
3,089 1
1,603 8
8,840.2
5,614 7
3,226 4
1,573.4
7,597 2 7,471 5
5,299 0 4,879 9
2,298 9 2,592 1
1,297 3 1,196 4
2,517 0
2598
1,376.6
9584
1243
1,644 1 1,684 9
1,559 1 1,660 7
7,845 4
5,197 2
2,649 0
1,306 8
2,463.5 2,593 5 3,346 2
3,089 2 2,933 4
2565
2B20
1,402.6 13808
508.8
'467.2
19,851 9 18,1986 17,455 8 18,376.5 19,466 4 18,646 0
19,845 1 18,194 9 17,453 6 18,373 4 19,463 1 18,638 3
3,191 2 2,841 8 2,926 4 3,203 2 3,925.6 3,775 4
16,660 7 15,356 8 14,5294 15,173 3 15,540 9 14,870.6
mil $.
do
do
mil $
do
'95,717.2
'62,945 5
'32,790 9
•16,2140
2,977 7 3,241.7
2577
3023
1,375 4 1,542 2
4531
439.3
7288
2,757 4
306.2
1,187 8
3644
2,537 2
2604
1,123 9
3809
2,926 9
2898
1 307.2
'501.7
17,1290 17,274 6 19,685.4
17,121 6 17,272 8 19,676.2
3,254 7 3,499 9 3,702.5
13,874 3 13,774 7 15,9829
18,631 1
18,621 1
3,596.5
15,034 6
2,691 1 2,335 3 2,315.3
3751
2368
3048
1,831 5 1,930 7 1,8114
1,097 7 1,1062
1,131.1
1215
1584
1319
2,064.9 2,188 5
208.9
2500
1,724 7 1,782 6
1,0485 1,050 9
1028
1673
2,429 6 2,272 1
3002
2242
1,837 3 1,789 3
1,246 3 1,190 2
1324
1243
1,715 4
1,446 3
1,594.2
1,456.9
1,662 1
1,388 7
1,858 4
1,633 8
8,001 8 7,529.4 7,931.2
5,457 5 5,167 7 5,012.2
2,545 0 2,367 6 2,921.0
1,325 5 1,267 3 1,124.8
7,126 7
4,849 8
2,281.4
1,023 7
6,979 4
4,719 0
2,261 0
1,1239
8,357 6 7,547 7
5,523 1
2,835 1
1,489 3
1,798.2
1,651.7
1,665 5
1,623 6
1,688.2
1,439.6
VALUE OF IMPORTS
General imports, total
Seasonally adjusted
By geographic regions
Africa .
.
Asia
.
Australia and Oceania
Europe
Northern North America . .
Southern North America
South America
By leading countries
Africa
Egypt . .
. .
Republic of South Africa
Asia, Australia and OceaniaAustralia, including New Guinea
Japan
do.
. do
do .. 32,250 9 '27,070 6
do.. 78,848 0 •92,032 6
do . .
3,391 9 •3,352 7
do .. 47,849 7 '53,409 7
3,219.5 2,204 6 2,973 6
7,468 4 7,355 7 7,438 7
3056
3158
2593
4,588 1 4,410.8 4,516 2
1,723 0
7,265 8
2397
4,565.1
1,950 9 1,785 1 1,669 6 1,797 2 1,367.3 22,358 5 1,706 3 1,500.6
8,450 6 7,629 0 9,102 7 8,636 0 6,961.4 "8,466 5 6,333 4 7,310.1
3420
3085
280.5
"2005
1919
2624
2561
2411
4,938 1 4,055 6 4,654 2 4,570 7 4,410 3 24,758 5 3,674 7 4,479 6
do
do
do
3,922 2
2,128 6
1,132 3
3,677 8
1,713 8
1,164 4
3,640 9
2,074 0
1,306 6
do
do
mil. $.
do.
Europe.
France .
.
do.
German Democratic Republic (formerly
E Germany) .
mil $
Federal Republic of Germany (formerly
W Germany)
mil $
Italy
. . .
do.
Union of Soviet Socialist Republics
do.
United Kingdom
do
North and South America
Canada
Latin American republics, total #
Brazil .
Mexico
Venezuela
240,834.3 '261,304 9 22,775 2 21,454 2 22,522 2 20,349 6 22,617 5 20,748 7 23,555 1 22,555 0 19,663 4 222,6060 18,264.6 20,823 4 17,882 1
22,289 2 21,309 9 21,974 7 19,806 7 23,5283 21,228 6 23,234 4 22,521 5 19,516 3 "22,8288 19,090.4 20,348 7 17,386 8
41,470 9 '46,4320
22,656 9 '23,477 4
14,361 6 •15,5264
3 7 6 - 7 6 1 0 - 82 - S3
3,707 7
1,899 6
1,329 7
214
310
549
57
155
286
197.4
2249
1713
2155
1854
1512
2,562 3 '2,514 8
30,701 3 '37,612 1
1943
3,223 0
161.7
1953
2233
3,030 5 3,147 6 3,140.7
1903
3,542 9
4,259 8
2,155 7
1,404 2
4,132.2
1,874 7
1,302 7
3,606 0 "3,508 5
1,826 3 "1,860 6
1,211 3 "1,452 5
3,549 0
1,831 9
9772
4,158 8
1,9675
1,1443
2
426
1681
1001
183.1
1385
'1547
3,720.0
1528
2,708 0
2153
3,586 6
4527
4556
514
33
243
1809
352.4
1310
2383
2610
2,910 1 3,698.9
1772
2354
3,326 5 3,001 5
5,247 0
'5,851 4
4567
501.9
4699
4403
5291
4322
4669
5996
43.9
•477
41
3.8
41
25
51
36
45
40
1,011 0
3976
918-3" "^9501
4118
4335
9878
4948
789.3
409.0
390
141
1,189 4
1,131 7
1,505 0
1,126 2
1,085 2
998.7
4944
27.8
954.7
1,055 9
5033
133
158
972.1
4291
1,103 9
9719
4316
18.4
989.5
41,455 4 '46,413 8
3,921 6
4,140.9
4,048 8
3,677 2
3,638 7
3,705.5
4,258 9
do
29,851 2 '32,023 3
do ...
3,714 6 '4,474 5
do. . 12,519 5 '13,765 1
5,297 1 '5,566 0
do .
2,659 0
2971
1,245 4
4965
2,435 3 2,562 8 2,381.9
3376
3492
352.1
1,072 2 1,207 7
987.5
3242
3103
4335
2,616 6
3564
1,1226
514.8
2,651 5
3950
1,119 2
4727
3,015 7
4118
1,362 4
4670
2
2
44
11,681 2 '11,379.0
4,313.1 •5,189.0
453.2
'3475
9,755.1 '12,8346
2
5341
do
mil $. 17,425 0
do 223,409 2
Food and live animals #
do
15,762.7
Beverages and tobacco
. .
. d o
2,771.5
Crude materials, inedible, exc. fuels #
do
10,495.9
79,057 7
Mineral fuels, lubricants, etc
do
Petroleum and products
do . 73,770 9
Oils and fats, animal and vegetable
do
5334
Chemicals
do
8,582 7
See footnotes at end of tables
4,051 5
2,1148
1,121 6
'3973
'2,445 3
4584
3,320 5
By commodity groups and principal
commodities
Agricultural products, total . .
Nonagricultural products, total .
Manufactured goods #
. . .
Machinery and transport equipment
Machinery, total #
Transport equipment...
. .
Automobiles and parts
4,142.3
1,994 4
1,086 8
do
do
do.
do.
do
32,1904
60,545 7
31,903 6
28,642.0
24,133 9
5110
2
800
36
51
69
1,087 4
"4992
2
184
"9817
8749
3944
1,003 3
4927
220
180
7800
1,011 3
4,1322
3,603 9 "3,507 8
3,547 6
4,156 2
2,755 6
4126
1,287 1
373.5
2,573 i
3764
1,1709
4366
2
2,376 0
3144
1,255 3
3124
2,678 5
3698
1,3105
3552
'17,0034 1,417 6 1,552 3 1,306 7 1,1848 1,394 7 1,290 0 1,4280 1,247 7
'244,301 4 21,326 7 19,891 4 21,1829 19,1324 21,276 8 19,487 8 22,107 4 21,305 4
'15,237 6 1,225.0 1,371 2 1,240 9 1,161 6 1,176.1 1,150 7 1,295 4 1,1327
261.5
3117
'3,1383
2313
2)97
285.5
3163
2999
2393
•11,1934 1,038 3 1,1297 1,061 4
891.9
873.2
8292
944.7
8243
'81,4169 7,835 5 6,078 2 7,255.5 5,692 0 6,880 5 6,557 9 6,643.7 6,6132
'75,577 3 7,368 9 5,651.8 6,853 8 5,264 9 6,436 2 6,1543 6,153 7 6,1137
249
'4795
40.5
32.0
38.3
328
372
414
404
8254
'9,445 9
7941
8159
7078
9290
8166
8263
7182
'37,291 9 3,125 0 3,221 0 3,179 9 3,092 3 3,440 2 3,077 0 3,455 1 3,287 0
'69,627.2 5,954 3 5,853 8 5,922.7 5,694 2 5,883 0 5,254 6 6,606 6 6,452 6
'38,212.2 3,125.4 3,1123 3,204.1 3,198 0 3,376.9 3,146 3 3,819 0 3,586 7
'31,415.2 2,828.9 2,741 5 2,718.6 2,496 3 2,506 1 2,108.4 2,787 5 2,865 9
'26,216 9 2,329.9 2,298 7 2,365 3 2,097 6 2,089 7 1,752.4 2,370 7 2,290 6
1,367 9
18,285 2
2
1,306
2
1,2992
2389
6961
2
5,426 9
4,854 3
2
7,439.3
2
6,830 8
2
197
317
2
80
9063
353
6913
2,901 1
5,7113
2,971 3
2,740 0
2,296 2
2,759 9
2
3354
2
1,116.6
"602,2
8 1,1403 1,3961
21,3430 17,1736 19,419 5
1,0358
2
2858
'740.9
42.8
"7774
"3,225 9
"6,199 7
2
3,318 1
2
2,881 6
"2,436 4
9484
1935
6692
5,107 2
4,523 2
192
6677
2,830.9
5,263.5
2,784 4
2,479 1
2,017.7
1,270 6
2663
6897
5,008 9
4,504 2
402
8729
1,284.0
1,1582
2841
7032
4,3119
25.4
7302
2,963 7 2,454 4
6,601 1 5,785 5
3,295.6
3,305.5
2,842.8
May
S-18
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
Annual
June 1982
1982
1981
Apr.
May
June
July
Aug.
Sept
Oct
Nov.
Dec
Jan
Feb
Mar
Apr.
May
FOREIGN TRADE OF THE UNITED STATES—Continued
Indexes
Exports (U.S. mdse , excl. military grant-aid)
Unit value
1977 — 100.
Shipping Weight and Value
Waterborne trade
Exports (mcl reexports)
Shipping weight
thous sh tons.
Value . . .
...
.
. mil. $.
General imports:
Shipping weight.
...
. thous. ah. tons.
Value
mil. $ .
'1508
"1288
*194 1
1504
1360
204 6
151 1
1321
199 6
1349
202 0
152.2
1217
185 2
1510
1176
177 6
1513
1236
187 0
1528
1296
198 1
1530
1240
1897
1529
1239
189 5
1562
111 6
174 2
1556
1130
175 8
1548
1294
200 2
1546
1199
185 3
161.4
1026
16B5
General imports:
1381
1329
1836
'170.3
'1052
'179 1
1759
1065
1873
1725
102 3
1765
1724
1076
1854
170.0
985
1674
1678
1109
1860
1663
1026
1706
1664
1163
1936
1657
111 9
1853
1674
965
1616
1707
109 1
1862
1717
876
1504
1704
1007
1715
1696
868
1473
401,172 '406,927
118,835 '123,505
32,482
10,524
30,656
10,563
29,244
9,754
33,589
9,809
33,551
9,075
36,081
10,079
39,812
10,871
36,674
10,429
37,820
10,350
487,936 '465,953
164.924 •177.373
41,019
15.909
37,102
14.335
42,874
15.603
35,014
13.649
43,812
15.959
39,482
14.123
40,316
15.765
37,298
14.517
31,864
12.863
12.98
1829
1497
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers (Scheduled Service)
Certificated route carriers:
Passenger-miles (revenue) .
Ton-miles (revenue), total
..
bil
mil.
Mail revenues
do. .
Net income after taxes (quarterly) § . .. do....
Domestic operations:
Passenger-miles (revenue)
.. bil .
Mail ton-miles
do.. .
Net income after taxes (quarterly) § .
International operations:
Passenger-miles (revenue)
Cargo ton-miles
Operating expenses (quarterly) §
Urban Transit Systems
Passengers earned, total ....
. ..
Motor Carriers
Carriers of property, large, class I, qtrly
do
bil
-mil.
do..
mil
Net income, after extraordinary and prior period
charges and credits
mil $ .
Tonnage hauled (revenue), common and contract
carrier service
. .mil. tons .
Freight earned — volume indexes, class I and II
intercity truck tonnage (ATA)'
Common and contract carriers of property
Common earners of general freight,
seas adj
.. . 1967—100
Class I Railroads t
Financial operations, qtrly. (AAR), excl Amtrak
Operating revenues, total # . .
mil $..
Passenger, excl. Amtrak.
..
, do
Operating expenses
. . .
do
Net railway operating income
. . . . do ..
Ordinary income
..
do .
Traffic
Ton-miles of freight (net) total qtrly
bil
Revenue ton-miles, qtrly (AAR) .
. do....
Price index for railroad freight . . . 1969=100
248.39
585
31,886
20009
3274
944
26376
a
26a383
!56
19813
3338
994
1642
278
85
5409
2,458
392
2
6891
2
7,079
2
246
5028
2,337
376
8,228
7,948
100
'15,432
199
182
1487
1471
28,258
26350
439
26,351
1,342
3
1,130
30,904
28925
535
28,583
1,362
'2,055
9206
9146
'284.5
9117
9119
'3276
182
4948
65
3530
66
194
5639
68
38.31
67
9,010
"9,971
"11,252
2
9,285
3,020
59081
8,905
9,978
11,976
9,933
3,222
62237
Passports issued
See footnotes at end of tables
. .
. dollars
% of total.
dollars.
% of total
thous
.. .. do.
.do
21.82
610
2,776
100
'16,489
Travel
Hotels and motor-hotels
Hotels- Average room sale U
Rooms occupied
Motor-hotels: Average room sale K
Rooms occupied
Foreign travel.
US citizens. Arrivals (quarterly)
Departures (quarterly)
2026
• 584
2,603
254.18
590
32,487
2
33,267
22,791
"2427
621
2
332462
-90
2
2016
577
2,673
1806
547
2,419
2038
572
2,651
19.62
555
2,457
1515
289
78
7463
7442
-12
1597
308
85
1478
271
76
1670
264
111
1592
225
79
586
196
29
457
199
29
1 932
1,859
61
419
232
32
329
229
36
368
194
43
370
162
29
625
645
693
643
651
603
623
720
1279
'131.8
'1280
2450
682
3,023
2286
608
2,876
9416
7963
625
159
9292
3
2446
608
3,057
1741
289
81
1782
292
77
7542
7409
41
1894
297
78
1864
273
75
3.84
184
31
4.41
194
31
504
191
29
1,627
1,641
36
552
207
29
690
676
693
615
1972
576
2,566
9729
8195
625
161
8600
' 73
100
4264
100
4301
'199
92
78
47
46
5
1529
10
'182
5
45
1533
1536
1534
1533
151 1
1458
100
4,247
1397
134.9
7,966
7452
144
7,331
428
498
7,582
7 101
126
7,179
274
341
1262
7,697
7 191
143
7,113
192
580
"1309
7,190
6707
142
6,821
204
216
3210 " 3214
2298
2225
3243
3332
' 333 5
227 1
2275
333.6
3376
337.8
2362
2251
3375 ' '350.4
'3506
191
5728
73
3814
71
214
5490
72
40.15
73
214
5605
69
3942
76
192
4944
68
3879
76
191
5555
67
3856
67
215
5956
74
3885
68
189
5872
64
38.57
59
195
57.95
50
3821
50
160
6033
57
4022
56
185
63.37
45
40.97
56
272
2,666
2,863
3858
3'l99
225
172
2 719
1,965
2,208
2681
2339
210
2 023
"700
-703
"877
"759
208
1 788
-611
"690
"674
"555
260
335
3 556
200
56.29
73
3800
70
317
5 237
2,244
2,709
3012
2393
363
323
196
5 032
2082
'3506
•648
'351.4
"828
351.6
»727
"775
4
812
4
603
271
395
-371
S-19
SURVEY OF CURRENT BUSINESS
June 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
1981
Apr
Annual
May
June
July
Aug
1982
Sept
Nov
Oct
Dec.
Jan.
Mar
Fefa
Apr
May
TRANSPORTATION AND COMMUNICATION—Continued
COMMUNICATION
Telephone earners:
Operating revenues #
Station revenues
Tolls, message
roil
$
do.
do .
Net operating income (after taxes) .
Phones in service, end of period ..
do .
mil
Telegraph carriers'
Domestic
Operating revenues
mil. $..
Operating expenses .
.
. . .
do
Net operating revenues (before taxes)
do.
Overseas, total'
Operating revenues ..
do..
Operating expenses . .
do
Net operating revenues (before taxes) .. do
56,738
24,333
22,983
37,983
10494
159.9
66498
28,117
26,505
44 594
11,903
1649
5,275
2,272
2,102
3577
6970
5614
959
7792
6238
1127
640
500
108
"5347
8
3748
5
1370
5780
4344
1186
480
352
888
1650
10.7
:
5303
2,288
2,076
3574
'923
1648
5503
2,330
2,199
3620
619
486
73
684
549
46.6
495
283
11.1
360
85
1X119
1648
93
5714
2,338
2,319
3 727
1,074
1648
5772
2,360
2,340
3,703
1,117
1646
5,816
2,415
2,310
3812
1^085
1653
5838
2,466
2,354
3820
lllll
1653
5806
2,463
2,264
4060
5,978
2,503
2,394
4505
950
865
165.1
1649
680
682
530
114
677
560
78
67.6
657
531
91
68.3
77
496
96
642
518
87
470
394
54
501
39.1
87
512
480
369
374
471
363
93
47.7
37.8
101
770
184
'101
'786
'227
89
771
54
97
87
768
210
30
764
48
82
64
84
62
81
555
8.9
502
383
99
568
12.1
85
5,911
2,508
2,324
3924
1,041
164.5
5,802
2,515
2,163
3,944
987
164.4
78
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
Production
Aluminum sulfate, commercial (17% AlaO3) $
thous sh tons
Chlorine gas (100% C12) $
.
do
Hydrochloric acid (100% HC1) t
. do..
Phosphorus, elemental $
.do
114
102
960
210
38
965
70
98
99
947
210
39
61
68
59
748
'10,271
3,042
10,369
3,571
838
878
2,876
2,859
thous sh tons .
Ammonium nitrate, original solution $ . . do .
Ammonium sulfate $ ...
.
.... do
Nitric acid (100% HNO3) t
. . do
19,653
9,127
2,136
9,232
19,043
8,791
"1,642
9,039
1,698
1,632
1,582
1,545
Nitrogen solutions (100% N) t
Phosphoric acid (100% PS0S) %
Sulfuric acid (100% H2SOa) J .
.do
do
. do .
2,773
10,938
44,272
"2,951
9,914
40,361
Superphosphate and other phosphatic fertilizers
(100% P2O5):
Production
....
thous. sh tons
Stocks, end of period
do
Potash, deliveries (K2O) \ .
do
8,339
Sodium
Sodium
Sodium
Sodium
hydroxide (100% NaOH) f
do
silicate, anhydrous $
do
sulfate, anhydrous $
do
tripolyphosphate (100% NasP,O10) $
do.
Titanium dioxide (composite and pure) $
, do
Sulfur, native (Frasch) and recovered
Production .
thous Ig tons
Stocks (producers') end of period
do
1,286
11,421
2,895
1,206
10,556
2,444
426
11,606
1,139
10,650
738
1,162
'727
690
432
786
727
962
55
99
70
106
93
765
173
32
767
120
873
59
96
119
851
183
34
861
69
95
826
61
92
57
61
58
57
53
65
56
65
51
58
57
55
52
44
56
'58
56
875
915
3,203
834
3,235
842
3,367
844
3,571
782
2,930
914
3,044
852
2,824
3,651
'718
'3,697
808
3,775
1,547
744
C)
1,491
1,570
742
768
()
751
'1,361
'705
'136
'682
1,296
723
148
728
680
159
692
1,488
807
164
821
"224
760
3,096
218
690
2,869
"223
707
2,909
'"196
'659
'2,757
"202
672
2,734
"253
748
2,950
1,112
1,276
550
1,076
1,068
'1,128
'1,197
1,240
416
1,213
1,306
614
1,579
221
982
101
1,834
1,497
98
937
893
221
36
945
73
95
221
34
894
62
96
66
68
97
874
202
37
837
173
38
30
57
27
814
246
34
'767
801
57
758
3,911
Inorganic Fertilizer Materials
Production.
Ammonia, synthetic anhydrous $
...
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
3
673
199
714
1,510
617
165
657
1,537
"235
918
3,560
••250
850
3,412
"231
676
2,896
252
1,632
1,339
'439
1,514
1,414
1,436
1,561
1,092
1,158
1,211
1,261
1,321
378
399
2,184
1,659
333
124
1,872
1,512
116
979
103
1,029
90
880
93
16
29
948
0
15
17
786
16
655
26
12
577
6
17
58
719
0
20
670
778
741
188
760
651
181
695
961
3,808
"263
927
3,656
219
804
279
16,903
"1,068
6,478
1,693
1,374
6,950
29,445
3,668
17,524
1,815
22,391
2,834
13,308
1,203
1,859
2,015
245
1,184
114
1,175
97
1,949
227
1,076
110
45
28
806
35
19
46
598
16
16
10
651
12
14
16
623
10
372
247
289
8,907
158
264
327
8,601
159
687
259
514
513
1,143
806
684
152
717
742
3,142
220
1,177
167
26
10
26
a
246
1,148
100
243
860
396
1,637
1,291
417
2,031
212
274
1,135
1,309
' 618
1,582
259
106
992
37
18
34
582
21
33
51
722
9
62
30
21
12
16
24
552
0
'358
481
'313
•7,563
7,065
40,609 '38,065
31,172 '30,753
369
Industrial Gases
Production'
Acetylene t . ..
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
5,493
4,905
409
397
388
389
353
425
392
384
448
282
3,720
106,064
478,964
430,729
3,982
101,561
485,066
421,588
355
324
8,746
41,797
37,964
345
385
353
335
324
8,544
40,921
36,147
7,630
40,939
34,158
8,300
41,545
36,440
7,669
39,246
32,603
315
8,040
39,229
31,528
287
8,490
40,396
35,726
324
8,785
41,225
34,930
..mil Ib
mil gal
mil Ib
do.
'33.7
1525
'233.6
'5,555 3
19
11.0
222
5370
16
108
20.6
504.2
18
87
242
4612
2.8
82
'2789
'5,854.6
10.2
227
593.0
209
4947
24
99
260
4831
2.1
88
248
4358
18
88
182
3765
do
... .mil gal
mil Ib
3148
'1,0773
'8182
2991
'1,266 2
'8107
1145
257
1005
87.1
270
1082
814
253
1125
606
242
846
725
298
995
803
287
1047
493
227
167
1077
484
1215
mil tax gal
. do
6432
5713
832
50.9
698
440
762
422
675
453
725
558
754
531
787
440
478
775
454
720
832
429
798
mil. wine gal
do....
do
3012
2842
'2300
2244
193
180
175
234
172
166
34
180
173
188
185
31
207
173
163
3.8
181
163
187
183
47
8,625
40,052
36,281
7,708
41,401
34,542
Organic Chemicals §
Production
Acetylsahcyhc acid (aspirin)
Creosote oil
Ethyl acetate (85%) . . . .
Formaldehyde (37% HCHO)
Glycerin, refined, all grades . . . .
Methanol, synthetic
.
Phthahc anhydride
296
1179
32
104
272
5765
271
847
29
571
21
5.2
137
3750
24
64
110
3790
175
930
538
18.6
85.8
421
ALCOHOL
Ethyl alcohol and spirits
Production
Stocks, end of period
Denatured alcohol
Production .
.
.
Consumption (withdrawals)
Stocks, end of period .
See footnotes at end of tables
101
50
185
45
40
230
31
35
758
189
34
50
27
8.2
22
248
240
398.4
4438
'20.4
1098
756
222
1109
64.7
'"553
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
June 1982
1981
1981
Annual
Apr
May
June
July
Aug.
1982
Sept.
Oct
Nov
Dec.
Jan.
Feb
Mar
Apr
CHEMICALS AND ALLIED PRODUCTS—Continued
PLASTICS AND RESIN MATERIALS
Production.
Phenolic resins
. . . mil. Ib
Polypropylene
Polystyrene and copolymers
Polyvinyl chloride and copolymers .
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly
Paints, varnish, and lacquer, shipments:
Total shipments
.
Product finishes (OEM)
Special ouroose coatines
do. ..
do,...
do .
'1,744.9 •1,489.0
2385
225.6
192.5
1518
1251
'117199 '119984 10633 10584 1 0012 10055 10327
•3,699.0 •3,948 1
335.6
3574
347.3
3466
328.1
'5,540 1 '5,686 6
5010
490.2
498.9
4683
456.6
•5,485 4 •5,663 3
552.5
5522
5174
5510
5000
mil Ib
'3,000 4
7,635 9
3,641.2
24185
1.576.2
599.7
3,003 6
mil. $.
8,395 7
39689
27372
1.689 5
do
do
7745
3746
2483
151.6
770.8
3854
2404
1450
8518
4261
2612
164.5
1254
9843
3169
496.3
4511
1295
9542
3273
491.6
402.2
1049
8868
3014
4332
3849
704.2
315 1
2357
1533
5720
2481
2030
121 0
7848
3905
2327
1617
7732
3725
2330
1677
932
8146
2764
3518
3290
100.7
1015
8458 10125
3045
347.9
3975
4328
3845
4369
5449
2348
201 9
1082
'5799
'2742
'1963
'109.4
816.7
8461
7744
3968
224 9
1527
1018
8259
2733
404.6
3106
5136
2259
1860
1017
1037
9555
321.8
4144
4262
6870
698.4
3446
2182
135.6
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production:
Electnc utilities, total
mil kw -hr.. 2,286,034 2,292,841 172,369
2 010 013 2 031 973 151 646
276 021 260 868 20723
Sales to ultimate customers, total (Edison Electric
Institute) t
mil kw.-hr. 2,095,333 2,111,899 164,971
Commercial and industrial.
509 547 522 993 39710
Large light and power §
do..
791,241 795,369 66,000
339
4103
4292
Residential or domestic
do
720,784 716,471 53,024
1,152
14,921
14,566
Street and highway lighting
do ..
Other public authorities
do
4,175
51,200
48,426
Interdepartmental
do .
6,841
6,477
571
Revenue from sales to ultimate customers (Edison
Electnc Institute) t
mil. $ 91,618.7 105,868 3 7,653.8
GAS
Total utility gas, quarterly
(American Gas Association).
47,859
47,263
Customers, end of period, total .
thous..
44,059
43,528
Residential
. . . . do. .
3563
3499
Industrial
. . do....
189
188
48
48
Other
. .
do. .
15,426
15,409
Sales to customers, total
tnl. Btu
4565
4823
2369
2442
Industrial . . . .
do
8,215
7,862
283
278
Other
. . . do....
48,276
Revenue from sales to customers, total . .. mil. $.
56,980
19 188
17409
9,297
8,149
Commercial
do .
27718
22081
637
776
Other
,. ...
. . . . do.
177,656 202,694 220,164 210,245 186,858 181,377 175,637 195,590 210,098 180,310
153 574 176 325 195 032 188 610 169 016 163 264 156606 171711 183 195 153 614
24081 26 370 25133 21635 17 842 18 114 19030 23 879 26 904 26 698
162,656 174,208 191,316 192,116 183,125 170,764 163,665 173,711
-542,662
40 789
63,968
329
52,743
1,302
3,989
544
43 161
62,252
355
61,929
1,294
4,183
536
* 137 466
'185,625
'1059
-204,112
'3,936
"12,938
'1,527
7,987.2 8,948 2 10,094 0 10,197.1 9,609 9 8,799 8 8,415.8
9,165.6
'30,513.1
40 392
66,040
331
49,978
1,206
4,125
584
44501
67,497
335
55,789
1,172
4,332
581
48 909
68347
332
67,078
1,137
4,442
572
48 848
69,198
326
67,472
1,177
4,481
614
47 192
68,491
325
61,040
1,206
4,284
587
43 184
66,677
322
54,522
1,220
4,288
550
47,859
44,059
3563
189
48
3,844
1227
642
1,902
73
15,199
5478
2,683
6812
226
47,373
43,644
3493
189
47
2,812
398
304
2,063
47
10,372
1969
1,211
7062
130
47,760
43,963
3560
189
48
3,458
789
428
2,182
60
12,416
3405
1,678
7182
152
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
BeerProduction
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.
Stocks, end of period $ . . .
. mil tax gal
Imports
mil proof gal.
Whisky
Production $
. . mil. tax gal
Stocks, end of period $ .
do
Imports
mil proof gal.
Wines and distilling materials
Effervescent wines:
Production
mil. wine gal .
Taxable withdrawals
do .
Stocks, end of period.
....
. do....
Imports .
. . . . do, ..
Still wmea:
Production ± . . . .
. .
do .
Taxable withdrawals $ . .
do .
Stocks end of period iji
do
Imports
do..
Distilling materials produced at wineries ... do .
See footnotes at end of tables
19408
17337
1396
19369
176.68
12.95
1768
15.47
1526
1887
1700
1578
1863
1729
1524
1880
1737
14.98
17.72
16.22
1453
1572
1468
1442
1461
1384
1399
13.12
1239
1338
1393
1291
1295
1519
11.90
14 16
1500
1291
1493
1765
1568
1632
14053
151.93
1475
1273
1182
638
7.93
1143
13.71
1373
1405
11.02
"449 42
623.26
113.71
"448.82
61376
11793
37.03
63318
3772
63785
7.67
3591
621.26
3336
61800
4107
60620
1232
5409
613.76
9 12
3569
833
39.07
60960
1332
3022
856
3475
61274
1177
3070
612.96
903
3442
62393
1021
703
633
582
798
8431
554.88
86.00
96.63
54107
8653
1064
55833
558.77
738
3.68
551.27
54719
543.60
688
756
652
583
932
'465
' 406
5.91
26.20
25,28
483
'3073
'2730
1153
7.66
242
1.73
1397
055
1447
064
50905
34935
61053
9768
22438
'460 18
36362
60431
10760
188.20
543
29.13
494 01
770
294
29.03
46663
934
5.96
927
844
236
198
562
55579
5.30
466
692
880
914
906
737
54006
1000
53510
541.07
54103
930
662
491
380
305
2.47
2.42
11.92
045
1514
055
2.30
2.26
1489
0.52
1444
053
452
2075
0.76
288
391
12.63
107
1267
112
1309
206
193
1153
101
053
033
1323
0.45
4.45
3120
42805
7.97
524
584
2951
401 61
858
296
7437
2666
43753
951
3512
20216
3146
62050
837
6797
10190
3640
656 67
1024
32.05
2659
3155
624.90
1112
13.63
1500
30.96
604 31
1091
1050
402
2898
575 15
996
288
6.03
2563
557 53
6.49
287
168
204
211
195
272
1.83
115
1.89
052
707
3516
52386
781
4.04
816
May
SURVEY OF CURRENT BUSINESS
June 1982
1980
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1981
1982
1981
Apr
Annual
S-21
May
June
July
Sept
Aug
Oct.
Nov
Dec
Jan
Feb
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter, creamery.
Production (factory) @
. . .
1,145 3
3046
1.448
mil Ib.
Stocks, cold storage, end of period
Price, wholesale, 92 score ( N Y )
Cheese
do
$ per Ib
1,236 8
1162
371.2
4292
'1535
American, whole milk @
...
Stocks, cold storage, end of period
do
do .
3,983 1
2,374 6
5788
American, whole milk
Imports
do.
do
4796
231.2
4,204 5
2,584 8
7096
623.0
2476
1562
1672
7247
518
1169
4504
4736
966
5075
84.1
5155
863
4895
85.0
515.6
100.5
470.0
3471
333.7
6498
5556
137
2179
714.2
615.7
18.6
2028
7194
6177
169
3245
1882
6943
598.6
22.0
3388
198.4
6824
5913
234
1670
1678
1679
1678
1.678
1678
1685
7517
65.0
652
692
67.8
680
601
460
530
77.0
816
349
2.1
32
27
991
24
1011
434
663
28
132,634
'75,915
1380
11,509
'6,927
'1370
12,055
'7,116
1350
11,576
11,344
'6,464
1340
11,104
$ per 100 Ib
128,525
'71,665
1310
mil Ib
do.
827
1,1607
921
1,306 8
80
122.9
8.5
135.3
1326
53
85.0
176.2
60
867
1980
4.0
1020
14.6
46
1165
242
0887
0939
0939
3,9144
3,9142
326.1
mil Ib
.
Price, wholesale, cheddar, single daisies
(Chicago) . . . .
..
$ per Ib
Condensed and evaporated milk
Production, case goods @
.
mil Ib
Stocks, manufacturers', case goods, end of
period
, mil Ib
Exports
do.
Fluid milk
Production on farms £
Utilization in mfd. dairy products @
Price, wholesale, U S average
Dry milk
Production
do
do
.
Dry whole milk @ .
Nonfat dry milk (human food) @
milk (human food)
.
.
.
$ per Ib
128.3
4331
1168
4404
1234
4453
6775
5904
265
3654
217.0
7096
623.0
529
3470
2184
717.3
6320
190
3258
2049
696.4
6226
118
645.8
157
168
1692
1684
1684
1684
1.684
1684
570
603
68.2
581
536
615
586
31
46.0
45.5
30
84.8
2.9
37
2.2
407
50
477
1.2
'6,174
'1350
10,638
'5,858
'13.70
10,751
'5,890
1400
10,384
'5,531
1400
10,847
'6,209
1400
11,047
6,370
13.90
10,311
6,099
1380
11,642
6,945
1360
7.0
1200
76
1148
84
945
92
90.4
86
882
88
1096
92
1041
80
1072
94
125.3
36
1163
314
33
99.1
263
29
1043
28
83.7
82
43
758
79
60
867
20
76
877
309
30
872
170
94
69
945
12.6
6.9
944
17,4
0939
0939
0938
0938
0939
0.944
0942
0940
0936
0.936
0937
(')
2898
2899
2957
3012
3588
3696
3128
3186
2858
2995
3609
3537
124
451.0
303.0
148.0
12.0
3869
2535
2375
6324
5399
195
'6,962
1340
64
3263
1913
Stocks, manufacturers', end of period.
Dry whole milk
.
do
Nonfat dry milk (human food)
do
Exports, whole and nonfat (human food) . . do
Price, manufacturers' average selling, nonfat dry
1089
4292
"(')
3859
2436
6857
5850
168
Production (factory), total @
942
451.1
3763
232.2
723.4
1684
18
1340 ' "13 30
114
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat)
. mil bu
Barley,
Production (crop estimate) 11
Stocks (domestic), end of period, total ?
On farms t
.
Off farms
do
do ...
do
do
Exports, including malt § ..
Production (crop estimate, grain only) H
Stocks (domestic), end of period, total i
mil bu
do
On farms I
Off farms
do .
do .
Exports, including meal and flour
Oats
Production (crop estimate)
fi
Stocks (domestic), end of period, total ±
On farms I
do
mil bu
- do .
......
Receipts, rough, from producers
.
.
mil Ib
Shipments from mills, milled nee
.
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of period
Exports
3034
1856
1178
689
2
6,644 8
5,858 8
4,1415
Z
4583
3910
3293
Production (crop estimate), total H
do
do
do
Stocks (domestic), end of period, total £... .
On farms £
.
Off farms
.
Exports, total, including
flour
Wheat only
do
do
do
do
do
See footnotes at end of tables
1473
792
87
77
175.0
6,898 6
4,965 4
1,933 2
1724
85
8.2
65
39
s
2,774 2
9559
1853
2076
1577
1472
1,034 0
H901
S
5438
5074 1
3,569 7
1,504 4
1893
1392
1500
4578
384.0
737
09
06
05
03
06
03
06
08
1946
151 1
147.2
1950
511
128
•1769
'1489
25
•280
1.9
06
14
0.8
364.7
3136
511
2365
2002
363
.
2
1854
3,582
2,711
2,267
351
303
317
218
186
168
67
219
346
238
92
106
473
90
293
79
287
97
84
70
184
62
221
76
202
129
231
510
203
120
107
174
114
98
326
426
510
493
550
628
639
10,831
10,821
274
142
85
3,308
673
683
738
848
660
505
499
1,503
511
768
492
182
389
1,696
660
654
612
564
784
685
702
662
1,868
6,795
3,359
7,354
2,969
2,763
1,853
1,456
1,008
772
3,091
2,906
2,763
2,572
2,300
2,132
6,801
688
794
497
371
1,232
453
2,722
6,620
470
532
583
458
479
515
399
487
0225
0256
0275
0280
0280
0280
0265
0.250
0225
0213
0 195
0 185
0 175
0 160
0.158
Z
2
16.5
93
do
mil bu
165
2265
2307
1015
(')
"1462
mil bu
Spring wheat U
.
Winter wheat ji
Distribution, quarterly @ @
67
"1,818 3
3
5081
3647
3136
91
$ per Ib
Wheat.
15
3322
2
617
do
Stocks (domestic), end of period I
01
3
6,898 6
2,159 3
Rye
Production (crop estimate) 1]
35
8,201 0
2,485 3
Price, wholesale, No 2, medium gram (Southwest Louisiana)
*74 4
•628
a
1,717 3
. mil Ib
.
"1373
4,965.4
1,933 2
do
Off farms
do
Exports, including oatmeal
do
Price, wholesale, No 2, white (Minneapolis)
$ per bu
Rice
Production (crop estimate)
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
Southern States mills (Ark , La , Tenn , Tex )
478 3
3322
2307
101.5
918
361 0
do
Corn
2
Z
2
78
57
•1,049
'559
622
2,733.9
1,204 9
1,529 0
"41
2,1760
1,5549
7480
8069
' " 145
2
2
186
78
a
2,374
2
479
1,895
2,191
1,903 2
7534
2,793
2
695
2,099
'2,523
"340
<9888
•4143
"574.5
2,1760
9548
1,1497
1,221 2
1,344 5
1,309 5
1,647 7
1,6108
1345
1277
800
760
1300
1245
1404
1381
1487
1454
1958
1941
"2,063
9548
1,221 2
1576
1569
1278
1275
1378
1374
1256
1242
1438
1387
1645
1591
1541
1474
0 165
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated in footnotes below, data
through. 1978 and descriptive notes axe as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
June 1982
1982
1981
Apr
Annual
May
June
July
Aug.
Sept.
Oct
Dec.
Nov
Jan
Feb
23,985
432
53,740
23,553 '25,251
423
453
52,786 '56,663
Apr
Mar
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS-Continued
Wheat flour
ProductionFlour t .
..
. thous. sacks (100 Ib )
Millfeed t • • • •
• • thous sh. tons
Grmdings 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 .
POULTRY AND EGGS
282,655 '283,966
5,045
4,866
628,599 '634,381
23,967
424
53,402
23,421
420
52,184
23,521
416
52,643
23,342
410
51,194
3,842
15,014
3,460
15,839
2,932
1,724
3,895
2,350
'10566
'10116
10844
'10347
11100
10525
11075
10.313
'14,233
'15,058
'1,238
339
198
392
238
397
0.270
23,665
431
24,189
436
54,589
24,712
440
55,552
22,835
53,323
987
1,420
4,222
724
284
117
184
605
2,165
'3,384
2,336
2,858
11125
10525
10813
10275
10750
10300
10588
10200
10525
10025
10675
10338
10763
10638
10.950
10.700
10738
10638
10538
10425
10550
'1,259
'1,323
'1,335
'1,314
'1,365
'1,376
•1,193
'1,232
1,087
1,070
1,253
229
423
256
509
327
596
716
532
703
528
469
305
392
238
378
238
374
401
657
466
236
235
0.265
0250
0255
0285
0290
0265
0245
0245
0235
0230
0.255
0250
0256
0235
0260
1936
193 4
15.9
162
155
16 1
162
157
164
16.2
169
166
150
31
24
35
22
31
22
25
23
41
24
39
27
20
27
19
25
26
38
24
35
22
26
21
19
19
44
17
0628
0690
0697
0622
0629
0675
0687
0707
0713
0773
0721
0762
0742
0752
2,294
31,642
2,478
32,819
190
2,625
158
2,593
175
2,770
204
2,765
198
2,772
228
2,846
236
2,939
217
254
2,668
2,829
228
2,771
210
2,591
263
2,819
6696
7513
7552
6384
6426
6492
6628
83.90
6686
6310
8425
6826
6351
8238
6786
6151
7600
6637
6415
7725
6537
6458
7750
6145
6252
7175
5984
6177
68.88
5924
5896
6750
6075
5922
69.00
6354
62.37
6750
6396
7718
91,882
87,850
7,993
7,004
6,682
6,540
6,580
7,320
7,872
7,308
7,923
6,875
6,340
7,691
3948
4429
4015
4196
4878
5101
5114
4889
4615
4210
4017
45.77
4970
144
149
12.0
126
150
157
171
191
184
177
163
171
198
5,363
5,789
512
426
440
439
467
546
558
476
522
510
490
570
5981
54.44
5925
6500
6625
5900
5375
5025
5100
4600
4650
4975
5150
38,590
750
1,663
38,675
3,299
817
148
155
3,071
795
189
140
3,118
717
3,041
629
128
162
3,044
539
144
168
3,247
3,433
3,185
3,417
578
154
118
3,152
2,894
1,794
1,893
306
46
108
1,855
280
30
116
1,861
252
39
119
1,930
242
40
141
2,011
123
1,942
266
43
80
1,889
258
33
93
1,750
241
39
80
410
50,982
22,321
403
50,197
3,460
10313
22,472
403
50,334
Poultry
Slaughter
.
.
.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 periodShell
thous cases §
Frozen
..
mil Ib
Price, wholesale, large (delivered, Chicago)
$ per doz
LIVESTOCK
Cattle and calves
Slaughter (federally inspected)
Calves . . thous animals
Cattle
do
Prices, wholesaleBeef steers (Omaha)
.
. $ per 100 Ib
Steers, stocker and feeder (Kansas City) .... do....
Calves, vealers (So St Paul)
do
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
MEATS
Total meats (excluding lard)
Production, total . . .
.
.. mi] Jb .
Stocks, cold storage, end of period
.
do
Exports (meat and meat preparations)
do. ..
Imports (meat and meat preparations)
do
Beef and veal
Production, total .
.
.
do
Stocks, cold storage, end of period
do.
Exports
. .
.
do
Imports.. ..
, do
Price, wholesale, beef, fresh, steer carcasses,
choice (600-700 Ibs ) (Central U S.)
$ per Ib .
Lamb and mutton.
Production, total . . .
Stocks, cold storage, end of period
Production, total
Stocks, cold storage, end of period
Exports
.
.
Imports.
..
. .
Prices, wholesale
Hams, smoked #
mil Ib
. do
.do
do
Index, 1967=100
Fresh loins, 8-14 Ib average ( N Y )
$ per Ib
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beansImports (mcl shells)
.
.
..
thous Ig tons
Price, wholesale, Accra (New York)
$ per Ib
180
153
509
123
180
547
552
154
120
554
129
127
2,052
1,847
1,832
21,849
338
425
1,531
22,629
266
486
1,317
1,845
349
40
110
338
34
95
1044
0990
0997
1033
1065
1072
1039
1030
0960
0946
0937
0974
310
9
328
11
29
10
24
10
24
12
24
13
25
14
30
13
31
27
11
30
11
16,431
349
314
433
15,719
264
1,425
1,254
394
39
1,201
347
34
39
1,162
284
19
39
1,157
225
19
42
1,287
207
20
29
1,391
238
36
1,319
255
30
35
2544
2789
1.261
2826
1212
2843
1185
2845
1148
1120
220
203
1170
mil Ib .
do.
Pork (excluding lard)-
578
21
345
432
404
31
36
254.8
1011
2665
1137
2524
1035
2424
1 124
1485
1354
2450
1085
304
1150
271
1040
2
37
1 191
241
0890
193
1.085
174
167
252
1,838
524
147
106
0683
6911
6472
7800
7210
6607
4950
5216
5835
198
'201
220
5900
5950
6625
3,296
536
124
160
131
169
6580
7150
8288
1,917
221
44
108
40
130
1012
1038
1095
29
10
28
8
33
9
1,445
264
29
33
1,234
249
30
30
1,116
246
25
30
1,346
274
46
" ' 22
34
2833
1074
'2925
1007
'271 1
1209
2791
1169
2825
1100
2837
1186
2892
1301
24.1
1130
58
1030
115
1090
100
1160
290
1.070
176
1020
153
0990
0940
1 213
'l72
1270
430
(')
(')
1 150
'256
1270
582
1,487
'316
1295
588
1 565
'309
1470
450
1 547
'294
1500
456
1 287
'186
1510
1 490
'267
1360
475
1 147
'227
389
1 195
'210
1360
'497
1450
376
1.450
373
378
363
355
350
315
282
'275
256
•241
48
13
28
232
46
72
379
21
1 151
Coffee (green)
Inventories (roasters', importers', dealers'),
end of period
thous bags fl
Roastings (green weight)
. . . . do.
Imports total
do
From Brazil
.
do .
Price, wholesale, Santos, No 4 (N.Y )
$ per Ib
Confectionery, manufacturers' sales @ .
mil $
Fish
Stocks, cold storage, end of penod
mil Ib
See footnotes at end of tables
2,590
3,962
2,834
17,047
(')
(3>
18153
3,'505
2066
4,649
16555
3^243
1594
5,095
138
2180
378
1356
'283
1290
305
393
350
295
294
1299
1 026
'l66
1.155
325
331
922
213
1155
304
356
SURVEY OF CURRENT BUSINESS
June 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1982
1981
1981
Apr
Annual
S-23
May
June
July
Aug
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
Production ..
thous sh tons
Deliveries, total .
.
For domestic consumption
Stocks, raw and ref, end of period . .
Exports, raw and refined
. . sh tons
Imports, raw and refined
thous sh tons
Prices, wholesale (New York)
Raw
.
.
Refined (excl excise tax)
4,713
5,157
10,838
10,149
2,970
10,922
9,731
3,311
608,029
4,127
979,157
0.306
0405
do
do
do
5,054
153
878
785
2,807
80,412
255
201
138
943
1,031
815
914
2,755
2,285
83,266 115,336
398
312
0200
0315
19,220
0163
0266
18,990
0191
0295
17,736
$ per Ib
. do ...
thous Ib
Tea, imports
184,786
0.198
0303
190,254
653
1,132
842
766
2,416
65,210
462
1,154
785
746
3,311
47,605
902
745
648
638
3,743
4,370
223
(*)
(')
(a)
3,644
16,359
100
0.154
0236
13,205
0.160
0261
15,855
0163
0261
13,473
0167
0261
12,121
0180
0282
15,055
86
82
997
985
877
853
1,602
1,928
88,501 122,452
313
347
128
1,099
986
1,416
91,131
424
14,586
0185
0295
19,128
0198
0285
603
861
783
1,579
68,370
(')'
4,246
2,953
316
215
0178
0282
15,464
0169
0282
13,787
0176
0.280
13,176
0.195
0300
TOBACCO
Leaf
Production (crop estimate) .
Stocks, dealers' and manufacturers',
end of period $
.
Exports, mcl scrap and stems .
Imports, mcl scrap and stems
mil Ib
'1,786
'2,060
mil Ib
thous Ib
. do .
4,850
591,518
365,622
5,080
575,255
335,920
49,414
24,274
44,571
28,796
4,285
40,142
22,347
31,277
22,171
27,398
32,153
4,697
45,510
32,372
63,222
27,889
86,775
22,946
5,080
55,577
12,970
31,670
31,264
39,392
16,579
4,909
49,862
20,393
4i,756
22,659
Manufactured
Consumption (withdrawals)
Cigarettes (small)
Tax-exempt
Taxable
Cigars (large), taxable
Exports, cigarettes
.
millions
do
do .
do .
94,256
620,565
3,292
81,998
'92,006
'638,114
'3,258
82,582
6,891
53,670
257
6,046
6,341
50,678
274
6,621
8,031
56,519
336
6,214
6,766
51,064
242
6,231
7,555
58,716
261
6,4fi8
7,636
58,150
313
7,149
8,141
56,635
300
7,300
7,447
49,658
267
8,058
6,479
42,300
247
4,713
7,479
48,234
215
6,426
'8,990
52,850
221
8,148
7,584
57,430
267
7,337
5,540
12,682
19,464
11,660
10,849
10,343
13,696
15,534
681
839
LEATHER AND PRODUCTS
LEATHER
Exports
Upper and lining leather
Price, producer
Sole, bends, light
13,921
10,918
thous sq ft
192,597
192,193
17,678
18,016
18,692
index, 1967 = 100
2838
"3067
3171
3185
2984
396,851
375,473
33,025
31,926
30,361
26,968
30,703
32,887
35,040
30,493
27,624
'26,259
26,906
299,131
73,337
24,383
3,271
278,979
70,834
25,660
3,171
24,795
5,676
2,554
24,124
5,551
2,251
20,618
4,645
1,705
25,196
7,631
2,213
217
246
22,351
6,200
2,152
257
24,545
6,362
1,980
219
22,251
5,798
2,312
224
397
303
22,562
6,197
1,734
266
21,061 '20,178
4,715
'4,829
1,848
'1,252
'2E7
238
20,268
5,395
1,243
276
9,781
9,688
913
729
976
551
785
640
663
1,121
615
505
629
103.1
1030
1027
1038
1041
1036
1039
'1037
1058
106.0
2141
1028
2145
1030
2140
1029
2136
1010
2179
2121
2123
2124
2084
935
935
2085
94.3
2102
978
'2123
'930
'1049
'2041
•94.4
1040
'2144
'99.6
1035
2134
1029
1036
2117
945
983
983
2,379
1,831
441
1,390
2,045
441
2,148
15,393
2847
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, producer. *
Men's leather upper, dress and casual
index, 12/80=100
Women's leather upper .. .. index, 1967 = 100
Women's plastic upper
index, 12/80=100
LUMBER AND PRODUCTS
LUMBER— ALL TYPES #
National Forest Products Association
Production, total .
Hardwoods
Softwoods
mil bd. ft
do
do .
Shipments, total
. do
Hardwoods . ...
do
Softwoods.
do
Stocks (gross), mill, end of period, total ..
do
Hardwoods
...
do
Softwoods
do
Exports, total sawmill products
do. .
Imports, total sawmill products
....
do
S
31,632
3
7,297
24,335
3
29,713
3
7,003
22,710
2,780
598
592
560
545
572
2,182
2,059
2,028
1,938
1,982
31,126
'6,679
24,447
5,805
1,807
3,998
1,655
9,859
'29,715
"6,812
22,903
5,842
1,972
3,870
2,755
579
2,176
6,123
1,891
4,232
2,633
626
2,007
2,395
2,431
6,213
1,871
4,342
2,765
560
2,205
6,015
1,839
4,176
9,518
980
992
6,791
6,393
499
429
598
601
6,815
6,821
6,395
6,463
912
844
540
523
129
394
3
2,651
2,588
2,483
2,554
498
546
1,897
1,885
2,307
542
1,765
2,260
518
1,742
6,103
1,886
4,217
6,232
1,918
4,314
6,284
1,947
4,337
934
842
465
538
540
566
505
486
510
601
591
992
576
599
969
533
601
901
521
51
47
8
39
43
13
30
527
1,852
2,382
514
1,810
356
1,454
1,891
1,347
402
411
1,489
1,737
1,989
1,637
1,837
2,148
1,765
418
413
393
430
446
1,604
1,576
1,244
1,407
1,702
6,285
1,964
4,321
6,075
1,968
4,107
5,842
1,972
3,870
6,016
1,936
4,080
6,068
1,906
4,162
6,042
1,842
4,200
660
755
728
591
530
585
601
792
466
458
483
455
536
458
476
477
459
429
407
471
393
443
523
496
473
487
481
941
546
518
969
526
486
533
533
403
457
1,009
1,009
396
507
844
459
365
938
457
421
974
454
470
958
465
482
941
31
51
6
25
14
37
43
14
29
29
9
20
47
19
28
34
11
22
34
8
26
54
18
36
46
14
32
1,868
SOFTWOODS
Douglas fir
Orders, new . . .
Orders, unfilled, end of period
Production
Shipments
.
Stocks (gross), mill, end of period
Exports, total sawmill products
Sawed timber
Boards, planks, scantlings, etc
mil bd ft
do
do
do
do
do ...
do
do
Price, wholesale
Dimension, construction, dried, 2" x 4", R L
$ per M bd ft
See footnotes at end of tables
117
422
22342
13
38
956
38
6
31
S-24
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
Annual
June 1982
1981
May
Apr
June
1982
Aug.
July
Sept.
Oct
Nov
Jan
Dec
Feb
Mar
Apr
May
LUMBER AND PRODUCTS—Continued
SOFTWOODS— Continued
Southern pinedo...
Orders, unfilled, end of period
Production
Shipments
,
'6559
419
do...
do.
'6,758
'6,663
Stocks (gross), mill and concentration yards, end
Exports, total sawmill products
..thous bd ft.
Prices, wholesale (indexes):
Boards, No 2 and better, 1" x 6", K L.
1967-100.
Flooring, C and better, F. G , 1" x 4", S L.
1967-100.
Western pineOrders, new . . . .
mil bd. ft.
Orders, unfilled, end of period
do .
Shipments
do
Stocks (gross), mill, end of period . . .
do....
Price, wholesale, Ponderosa, boards, No. 3,
1" x 12", R.L (6' and over)
$ per M bd ft
'6128
418
'6,143
'6,129
602
486
604
609
508
474
546
520
1270
1284
1301
227,020
1285
19,198
1311
280,243
19,919
573
355
400
418
415
412
344
430
366
332
409
448
419
391
546
441
557
545
448
407
512
482
1313
20,898
1343
1360
1347
1281
1284
1318
1346
1341
21,226
21,048
16,719
19,043
21,334
15,032
14,283
18,936
20,195
23,660
761
369
679
747
1,287
627
377
616
619
1,284
569
314
656
632
1,308
538
291
511
561
1,258
573
264
582
600
1,240
489
243
436
510
1,166
428
219
390
452
1,104
407
257
423
369
1,158
413
261
417
409
1,166
562
333
529
490
1,205
608
302
621
639
1,187
30
73
92
36
65
76
30
71
8.7
31
66
8.8
21
70
79
24
57
7.7
28
52
101
20
54
99
22
54
103
2.6
6.9
9.9
19
60
105
173
154
539
(2)
522
1
535
440
559
569
463
402
485
468
498
399
488
501
461
430
364
430
520
476
487
492
337.2
324.7
7,730
326
7,235
219
7613
7,807
1,185
7261
7,342
1,104
637
426
681
653
1,315
1,355
37
90
3.2
75
93
86
684
644
287.55
HARDWOOD FLOORING
Oak
Orders, unfilled, end of period . . .
.mil. bd ft.
Stocks (zross). mill, end of Denod
do.
1.9
780
12.4
2.8
83 1
101
METALS AND MANUFACTURES
IRON AND STEEL
Exports
Steel mill products
Scrap
Pig iron . . . .
.
thous sh. tons .
.
do
do ...
4,101
11 168
73
2,904
6415
16
291
694
2
do
do. .
do .
.
15495
558
400
19 898
1 761
thous sh tons
do .
do .
. do .
'42 207
'40,954
'83,710
8,018
92.17
Imports
Steel mill products
Scrap
Pig iron
259
677
1
279
228
450
1
395
1
233
532
2
244
480
1
227
348
1
194
628
2
1772
' 62
61
1665
' 52
36
1 663
' 37
2226
' 59
38
1 748
' 56
30
1872
' 33
34
1 921
43
42
1 613
36
64
32
36
43,804
43,412
87,221
8,261
4078
4,018
8,137
8,015
4001
4162
8,184
8,175
3,876
3817
7,657
8,287
3689
3,454
7,168
8,245
3631
3564
7,116
8,383
3591
3,542
7,116
8,408
3353
3,496
6,833
8,418
3004
3064
6,054
8,453
2817
2,661
5,656
8,261
2742
2,715
5,917
7,826
2757
2,882
5,624
7,867
90.17
10050
10144
9617
11200
9613
105.50
8863
99 00
8707
9900
9137
107.50
8974
10250
8424
9550
7801
86.00
7602
8550
81.70
9400
8047
91 50
75.93
85.00
'69,613
'69,594
25,058
74,274
71,650
28,042
6,280
3,938
1,794
7,265
8,906
2,901
7,525
9,625
3,879
7,112
9,703
3,059
6,860
9,300
4,113
6,382
8,133
2,595
5,731
7,112
2,555
3,910
5,048
2,029
4,430
3,507
1,585
5,687
1,076
1,630
5,244
1,180
1,018
5,126
1,433
646
773
87,188
89,397
5,073
56,066
10,636
35,706
6,095
96,645
94,958
15,210
60,243
17,469
36,203
6,571
775
6,233
8,793
625
49,781
29,336
17,286
3,159
11,520
8,841
2,967
51,411
27,700
19,885
3,826
11,924
8,162
12,159
8,024
7,241
6,370
8,358
5,579
6,038
1,664
5,518
1,589
685
44
5,175
1
1,596
5,670
1
2,795
4,888
315
58,755
20586
31,931
6,238
9,927
7,708
391
59,574
18837
34,062
6,675
9,070
6,913
53,744
25601
23,480
4,663
12,350
8,022
530
56,356
23019
27,904
5,433
60,387
17,515
36,137
6,735
60,144
16429
36,939
6,776
60,243
17469
36,203
6,571
60,401
21,594
32,298
6,509
60,894
25,701
28,813
6,380
57,340
26,576
24,654
6,110
22,504
6,110
70
111
78
68
55
72
51
67
49
65
49
65
55
73,456
75,051
6,755
6,927
6,938
7,108
6,408
6,589
6,268
6,508
6,259
6,521
5,889
6,029
5,419
5,527
4,782
4,847
4,750
4,824
4,489
4,766
846
831
779
817
786
817
812
841
859
881
4,169
'4,384
'822
4,622
4,869
859
782
3,967
»4,214
"748
20600
20300
203.00
20300
203.00
20300
21300
213.00
21300
21300
21300
21300
21300
21300
843
951
570
833
956
548
781
986
555
727
823
458
743
681
344
'783
'771
'399
761
764
412
728
46
33
17
36
33
31
35
18
33
26
13
32
23
31
24
12
29
29
30
572
433
52
59
218
509
1
' 45
462
4
1969
1 600
41
16
197
1356
' 36
14
Iron and Steel Scrap
Production .
.
Receipts net . . . .
Consumption . . . .
Stocks, end of period
.
....
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
Shipments from mines .
do .
Imports. . .
..
do
U.S. and foreign ores and ore agglomerates
Receipts at iron and steel plants
do
Consumption at iron and steel plants ... . do .
Exports
do .
Stocks, total, end of period
do
At mines. .
do .
At furnace yards
. do. ..
At U S docks .
do
Manganese (mn content), general imports . .... do.
795
634
607
6998
7500
62 85
6400
211
Pig Iron and Iron Products
Pig iron
Production (including production of ferroalloys)
68,721
thous. sh tons .
Consumption . . .
d o . . . '69,053
889
Stocks, end of period
do
20300
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 .
743
882
845
846
11,799
6,457
11,929
6,702
1,079
657
1,114
630
848
1,170
619
984
577
Castings, malleable ironOrders, unfilled, for sale, end of period
thous sh tons.
Shipments total
do
For sale
.... do .
22
450
206
32
421
199
42
42
20
40
38
19
44
40
See footnotes at end of tables.
964
40
18
31
14
15
10
26
15
869
479
13
21300
SURVEY OF CURRENT BUSINESS
June 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
1981
Apr
Annual
S-25
May
June
July
Aug
1982
Sept
Oct.
Nov
Dec
Jan
Feb.
Mar.
Apr
May
METALS AND MANUFACTURES—Continued
Steel, Raw and Semifinished
Steel (raw):
Production
. thous sh tons
Rate of capability utilization
percent
•111,835
728
Steel castingsOrders, unfilled, for sale, end of period
thous sh tons
Shipments, total .
do
For sale, total .
do
1,701
11,423
862
10,451
815
10,160
77.6
10,120
9,618
7,737
593
7,178
609
7,006
628
7,672
58.6
8,049
759
9,003
687
7,962
773
617
552
540
154
137
525
150
132
501
151
132
489
127
114
489
137
121
469
146
131
366
144
129
366
127
116
385
122
110
'381
115
'106
359
114
104
354
131
119
87,014
8,108
7,932
8,148
7,020
7,039
6,723
5,783
5,666
5,608
5,434
6,163
5,488
5,598
4,903
7,397
1,458
531
472
678
161
535
414
667
140
1,258
529
408
627
116
1,263
706
399
152
890
155
434
395
437
437
362
385
313
389
299
482
81
898
471
314
329
285
323
498
102
821
506
205
105
702
115
325
365
318
321
393
73
•119,912
11,243
777
877
385
1,752
1,568
83,853
5,342
5,207
8,080
1,797
605
1,878
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
7,115
400
392
584
114
586
89
1,115
1,106
432
630
88
1,163
659
364
134
543
99
1,140
638
364
133
892
133
351
2,765
976
1,085
498
98
953
543
296
109
813
107
327
2,288
863
857
463
98
912
525
271
112
753
105
389
2,245
527
91
1,015
Bars and tool steel, total . . . .
Bars Hot rolled (mcl light shapes) .
Bars Reinforcing .
..
Bars Cold
finished
do
do
do .
do .
13,258
6,911
4,683
1,585
13,828
'7,770
4,371
1,620
1,292
Pipe and tubing
Wire and wire products
Tin mill products
.
Sheets and strip (mcl. electrical), total
Sheets Hot rolled
.
Sheets Cold rolled
do
do
do
do
do
do .
9,097
1,768
5,709
33,595
12,116
13,313
10,286
1,694
4,927
36,924
13,451
14,396
949
161
431
3,434
1,252
1,354
do
do .
do
do
do
do
do
do
16,174
8,787
3,362
12 156
3^178
4,566
5,549
30,082
17546
8,761
3,225
13 101
2^180
4,646
5,293
32,264
'284
300
282
298
295
300
305
305
30.4
305
300
30.0
299
295
96
69
113
7.4
9.9
73
104
75
103
111
74
112
75
11.3
113
113
112
74
74
74
116
7.2
113
72
106
72
72
7.1
53
5.4
53
53
53
54
53
53
53
55
54
52
52
52
66
59
718
724
67
63
66
66
64
67
68
67
6.8
6.1
60
6.7
64
58
59
63
50
51
59
39
4.3
62
62
65
60
62
60
61
734
53
51
6.0
5.8
60
5,130
1,377
4,948
1,653
431
139
441
139
420
148
426
149
416
139
393
140
396
150
364
129
364
123
351
143
do
do
5805
6985
1401
502
678
139
559
116
639
125
670
110
605
140
55.2
156
415
149
493
137
385
175
659
191
617
214
608
141
do
do .
7150
293
235
214
07600
29.3
168
92
172
24.1
216
07600
231
160
0.7600
246
168
221
180
188
178
460
183
266
154
07600
07600
07600
07600
07600
1,040
826
847
909
672
'842
'738
'430
928
734
106
105
By market (quarterly)
Service centers and distributors.. ..
Construction, mcl maintenance
Contractors' products
Automotive
Rail transportation
Machinery, industrial equip , tools
Containers, packaging, ship materials
Other
. .
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
3
699
740
395
150
722
385
145
925
150
388
3,456
1,233
1,402
419
3,739
1,346
1,487
593
388
128
859
137
413
3,102
1,146
1,209
528
342
131
881
130
399
3,001
1,124
1,154
396
2,910
1,063
1,125
759
102
412
2,246
901
811
793
869
449
2,139
768
817
3704
4 151
2,190
796
3 218
'455
1,148
1,278
7,938
4997
2,442
892
3 811
'548
1,292
1,399
8,806
6.5
849
135
323
99
93
602
125
328
2,462
828
1,005
662
133
400
2,645
953
1,030
3429
1,684
592
2,367
1,812
610
2 472
422
947
1,129
865
470
298
573
320
117
2
2
194
2
890
2
103
2
266
2
411
960
1,260
6,500
7,075
47
46
1058
2
547
844
2,086
2
NONFEHROUS 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
Plates, sheets, bars, etc
Exports
Metal and alloys, crude
Plates, sheets, bars, etc
Price, primary ingot, 99 5% minimum
$ per Ib
Aluminum products
Shipments
Ingot and mill prod (net ship )
mil Ib
Mill products, total
do
Sheet and plate
do
Castings
do
Inventories, total (ingot, mill products, and
scrap), end of period .
.
mil Ib.
CopperProduction
Mine, recoverable copper
thous met tons
Refinery, primary
do
From domestic ores
do
From foreign ores . ..
do
Secondary, recovered
as refined
do .
Imports (general):
Refined, unrefined,
scrap (copper cont )
Refined .
Exports
Refined and scrap
Refined
.
107
3153
06957
3442
2712
486
265
07600
07600
14,057
10,485
5,862
1,538
13,147
10,310
5,962
1,581
1,199
5,076
30.6
07600
07600
152
07600
07600
160
952
1,189
929
1,119
1,082
859
541
139
1,248
957
564
146
1,039
550
148
494
119
866
514
132
871
514
6,607
5,496
5,600
5,632
5,964
1,1683
'1,210 9
1,121 9
'890
1,529.0
1,520 7
1,4165
1041
1265
1401
1310
1302
1317
1264
1331
125.5
92
1236
81
573.0
6319
631
. . do .
. . do .
5203
431.8
5025
3593
40.2
do
do .
3301
3397
20.2
174
272
12
2,083
365
2,045
511
10242
0.8512
Consumption, refined
(by mills, etc ) ..
thous sh tons
Stocks, refined, end of period
do
Price, electrolytic (wirebars), dom , delivered
$ per Ib
See footnotes at end of tables
727
281
134
368
110
383
98
6,086
6,187
6,276
6,524
6.607
'6,670
6,746
1230
1208
1115
1354
110.3
1034
1339
1218
1144
1399
1289
1205
1341
1134
'1085
112.6
1062
97.3
1074
1049
76
92
69
74
83
62
1133
1302
1239
6.2
557
615
544
584
502
588
325
601
286
217
51 1
416
322
481
378
457
345
378
527
367
424
302
423
243
452
206
406
157
188
306
223
337
09
400
35
185
13
228
17
218
30
350
07
194
21
213
18
35.2
04
219
06
294
0.9
305
10
07863
0.7878
07586
07627
479
409
547
380
08803
665
476
128
07600
0.8580
08523
08441
0.8739
0.8472
89
431
963
86
120
1172
1103
69
308
493
511
08231
08122
08029
07487
SURVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
Annual
June 1982
1982
1981
Apr.
May
June
July
Aug
Oct
Sept.
Nov
Dec
Feb
Jan
Mar
May
Apr
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS— Continued
Copper-base mill and foundry products, shipments
(quarterly total)
mil Ib
. do
do .
2,467
2,783
489
2,636
2,816
471
Mine, recoverable lead
. . thous met tons
Recovered from scrap (lead cont )
do
Imports (general), ore (lead cont ), metal
do .
Consumption, total
.
do
Stocks, end of period
Producers', ore, base bullion, and in process
(lead content), ABMS
thous met tons.
Refiners' (primary), refined and antimomal
(lead content)
thous met tons
Consumers' (lead content) H
,
do
Scrap (lead-base, purchased), all smelters
(gross weight) .
.
thous. met tons
Price, common grade, delivered
. . $ per Ib
TinImports (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, mcl reexports (metal)
do
Stocks, pig (industrial), end of period
. do
Price, Straits quality (delivered)
$ per Ib
5495
6756
'444.1
5673
264
425
521
1,070 3
689
1,1253
1353
548
Brass mill products
Copper wire mill products (copper cont )
Brass and bronze foundry products . .
Lead
652
702
558
628
116
716
738
125
109
Production.
464
381
491
478
525
24
910
100
81.1
39
931
43
999
833
1105
1083
1111
1172
1160
795
981
728
865
571
891
473
932
437
963
411
958
59.6
04246
417
03653
382
0.3752
384
03641
391
0.3797
461
04098
0
4,831
1,285
160
4,400
3,500
0
4,359
1,345
135
4,350
3,200
3,440
1,215
185
3,900
2,900
2,819
1,310
140
4,200
3,000
1,225
125
3,950
3,000
343
5,978
65806
411
6,227
65839
6,465
68981
1,019
287
5,663
75339
Order backlog, end of period
Shipments, total
Domestic .
Order backlog, end of period
See footnotes at end of tables
789
793
812
857
598
989
719
1010
795
981
683
920
700
884
540
458
03388
417
03107
417
02967
368
02870
02764
02606
0
3,261
1,280
155
3,900
0
4,216
1,270
160
2,950
2,200
5,710
471
171
79560
82147
1,180
5,988
79352
72
1,089
1,150
95
3,300
2,500
1,610
3,490
74519
149
3,145
78022
295
2,312
1,025
85
3,400
2,500
4,748
3,872
77590
162
2,742
2,950
253
5,325
232
3,951
1,150
115
3,400
2,500
3,750
2,800
441
3,829
66917
65600
63
362
24
264
459
1050
528
04032
03705
3349
3053
255
248
231
236
246
283
280
254
234
1177
6026
39
525
102
523
133
717
85
554
13.6
78
37
508
114
430
482
593
92
328
32
20
61
330
676
2361
582
2241
57
199
49
189
52
19 0
173
32
175
46
185
46
195
187
53
186
46
17 1
42
168
'3699
'8111
03
3418
8347
03
309
743
01
292
736
(2)
280
772
(2)
300
644
(2)
304
724
(2)
267
702
(2)
270
662
0.1
598
(2)
230
520
(2)
242
551
(2>
21.6
552
f)
187
226
03743
34.6
721
04455
160
61 8
04256
156
664
162
66.3
04612
04625
19.5
724
04520
245
721
04587
316
729
04615
346
721
04259
367
701
04217
412
670
04272
3483
828
1565
4700
1069
225.4
3755
3820
3655
4319
3696
4462
2925
4139
3242
3887
3778
3230
4280
20,495
24,110
18,734
19,784
1,505
1,727
1,559
1,735
1,722
1,383
1,551
1,258
1,596
1,492
1,765
1,812
1,571
1,722
1,586
1,814
1,569
1,976
1,250
1,447
1,398
1,452
1,665
1,828
1,216
1,386
39,448
31,885
2,817
2,563
2,962
2,366
2,482
2,721
2,622
2,622
2,551
2,277
2,053
2,430
1,650
1098
1156
1180
1157
1182
1219
119.2
1156
1126
111.7
1105
1076
1041
98.9
919
1345
1423
1456
1402
1409
1494
1506
1472
1479
1400
1325
1352
1309
133.3
1344
1977 = 100
1312
144.3
142 6
1436
1442
1458
1462
1467
1474
1483
1492
1502
1516
1526
152.9
.1972=100
272
279
249
278
267
244
294
245
310
266
287
267
301
243
269
242
276
252
271
251
263
252
255
245
'246
'225
233
215
15595 12315 10575
9020
12490 11330
307 15 29315 33275
28450 27375 30305
2,722 1 2,552 1 2,325 1
"11635
°107 50
"239 25
"214.40
•2,202 2
0 2609
242
1138
3290
thous met tons
do
do
. do.
5,989
5,988
do .
mil $
do
.do
do
do .
234
3,884 75
3,495 50
3,680 80
3,206.00
4,749 7
2,228 10
1,945 80
4,104.50
869.55
66495
1,010 95
71675
61685
991 10
82420
4270
3,552 45
2,873.3
Metal forming type tools.
Orders, new (net), total
Domestic
.
833
1005
73305
Fluid power products shipments indexes •
Orders, new (net), total
Domestic
.
Shipments, total
..
Domestic
. .
. . .
880
106.9
4,293
5,504
84600
Sales index, aeaa adjusted
1977=100
Price index, not seas adj (tools, material
handling equip , valves, fittings, abrasives,
Metal cutting type tools
38
1104
30
945
1,705
48,450
38,750
842
do
do .
. do
do
do
87855
3848
32
189
68.9
0
208
705
04747
255
0
3,038
04872
5,563
46
266
22855 17900 25365 136.85 16745 15095 15710 13540 11255
19155 16235 20605 12195 14570 140.45 14580 11565
10105
35850 331.95 412.95 29535 25960 36535 334.60 32975 39860
29140 27410 35245 25595 22835 33605 30570 28735 35885
4,308 5 4,155.6 3,996 2 3,837 8 3,745 6 3,531 2 3,353.7 3,159 4 2,873 3
9130
6380
88.90
7065
6471
5000
4290
7935
67.10
6178
6450
56.95
9585
7545
5864
5515
4860
7175
6235
5698
4670
4295
65.80
5605
5507
3635
3100
7610
5940
5020
7230
6725
6025
498.0
5110
6035
5285
7840
7000
4800
3925
3290
9230
7995
427.0
214
(a)
454
193
66284
215
(a)
418
399
353
03923
03551
03467
1137
202
610
1153
284
540
1268
232
709
998
360
638
Industrial suppliers distribution t
Pneumatic products, seas adj .
Machine tools.
49
412
487
'1,703
'56,362
'44,342
Producers', at smelter (ABMS)
fasteners, metal products, etc )
509
04389
482
34
844
396
522
509
78
0
3,856
1,185
135
4,600
3,700
287
5,725
68358
Consumers'
do
Price, Prime Western
$ per Ib
MACHINERY AND EQUIPMENT
Heating, combustion, atmosphere equipment, new
orders (domestic), net, qtrly #
mil $
Electric processing heating equipment
do
Fuel-fired processing heating equip
do....
Material handling equipment (industrial)
Orders (new), index, seas adj
1967=100
Industrial trucks (electric), shipments:
Hand (motorized)
.
number
Rider-type
.
. . do
Industrial trucks and tractors (internal combustion
engines), shipments .
number
Industrial supplies, machinery and equipment
New orders index, seas adjusted
1977=100
Hydraulic products, seas adj
0
974
21
896
405
455
56
939
473
232
45,873
15,010
Mine prod , recoverable zinc
thous met. tons
Imports (general).
Ores (zinc content)
do
Metal (slab, blocks)
do
Consumption (recoverable zinc content):
Ores . . .
..
do
Scrap all types
do
Production, total i .
Consumption, fabricators
Exports
.
Stocks, end of period
317
45,983
'18,638
Zinc.
Slab zinc @
171
467
33
912
27.5
441
115
891
4925
4125
7640
4960
399.8
4065
3590
6645
5750
3740
3205
2675
•7830
'7315
3278
"3745
"3035
"60.00
"5630
"3012
1235
218
193
SURVEY OF CURRENT BUSINESS
June 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
1981
Apr
Annual
S-27
May
June
July
Aug
1982
Sept
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
METALS AND MANUFACTURES—Continued
MACHINERY AND
EQUIPMENT— Continued
Tractors used in construction, shipments, qtrly
Tracklaying, total
.
units
mil $ .
Wheel (contractors' off-highway)
units
mil $
Tractor shovel loaders (integral units only),
wheel and tracklaymg types
units
mil $
Tractors, wheel, farm, nonfarm (ex. garden and
construction types), ship , qtrly
units
mil $
15,625
1,534 6
4,474
4253
1,140
1043
3,848
4,781
3875
45,480
1,697 1
9,666
4669
39,145
9058
33,732
8150
"875
"86 1
7,505
3544
16,503
13061
146,274
3,1834
142,831
3,519 8
2,905
3049
••796
"939
33,271
8610
4
7,649
"1805
5,012
4126
1,127
1124
4
10,584
"2686
ELECTRICAL EQUIPMENT
Batteries (auto -type replacement), ship
thous
50,063
53,597
3,460
3,488
3,658
4,037
5,278
6,096
6,201
4,668
4,897
4,269
Radio sets, production, total market
Television sets (me] combination models),
production, total market
.
thous
28,104
31,476
1,905
2,519
2
2,739
2,364
3,661
'3,233
3,767
3,216
2
1,814
2,012
1,671
2
1,609
thous
18,532
18,480
1,376
1,390
2
1,777
1,216
1,494
2
1,981
1,550
1,474
2
1,250
1,208
1,344
2
1,499
1,375
1,292
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 (mcl gas) .
do
Vacuum cleaners (qtrly }
do
30,260
3,204
2,738
2,962
2,530
5,124
1,681
4,550
3,177
7,439
30,336
3,692
2,484
3,178
2,325
4,944
1,561
4,365
2,977
7,785
2,982
603
240
309
220
440
141
368
245
2,613
477
192
3,136
653
2,683
283
190
237
200
511
227
2,436
64
236
288
190
450
2,357
2,342
90
220
331
191
1,854
1,831
163
144
2,177
361
160
214
143
376
243
398
254
2,650
572
151
272
161
343
117
383
253
1,911
2,452
517
201
175
169
379
107
345
214
2,232
419
169
200
402
247
1,944
1,947
191
169
220
147
276
89
306
228
1,446
1,538
2,818
1,417
1,496
2,785
111
125
287
108
134
235
115
110
204
120
121
204
220
253
193
428
142
346
221
230
219
542
206
152
52
202
234
176
456
111
416
293
1,955
94
165
197
163
272
206
152
264
76
246
189
1,767
324
99
347
234
3839
1,816
383
89
612
260
62
267
217
139
128
224
111
119
203
95
124
211
80
99
239
69
107
268
472
150
359
112
85
120
305
550
3,611
322
195
GAS EQUIPMENT (RESIDENTIAL)
Furnaces, gravity and forced-air, shipments thous
Ranges, total, sales
do
Water heaters (storage), automatic, sales @
do
105
123
226
125
136
202
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite
Production
Exports
Price, wholesale *
thous sh tons
do
Index, 1967=100
Bituminous
Production t
thous sh tons
Consumption, total
Electric power utilities
Industrial, total
.
Coke plants (oven and beehive)
do
do
do
do
6,056
1,795
4637
463
167
5452
240
477
283
5720
170
5528
see
332
5897
417
307
6199
457
252
6291
171
6425
394
101
6437
147
6437
508
44
643.7
613
84
645.9
62,951
68,478
83,100
57,195
48,975
823,644
814,716
36,869
37,276
61,902
73,345
78,204
79,823
86,074
75,326
73,250
724,953
595,575
124,498
60,860
54,070
43,604
10,035
4,850
54,372
44,909
9,200
4,250
59,147
49,975
8,962
4,451
66,764
56,042
10,459
5,433
65,169
54,350
10,580
5,417
58,975
48,385
10,270
5,319
58,405
47,685
10,290
5,150
57,822
46,873
10,374
5,030
64,114
52,968
10,390
4,833
4,880
431
263
210
263
239
320
430
575
79
6481
6480
10,742
5278
5298
756
4,924
do
. do
do
do
'199,077
178,269
20,808
9,017
179,064 181,908 162,929 152,515 148,423 151,041 158,651 169,103 176,776 179,064
163,356 164,187 148,407 139,439 134,855 136,981 144,097 154,165 161,454 163,356 152,935 152,735
14,938 15,322 15,708
13,568 14,060 14,554
17,721 14,522 13,076
15,708
5,027
6,446
6,357
6,179
6,268
4,452
4,800
6,446
5,602
6,900
5,872
4882
10,414
5019
11,034
5032
11,589
5068
12,105
5060
11,676
5076
11,462
'5102
6,029
'5206
8,918
5245
10,335
5223
9853
2,395
2,360
2,425
'11,175
2,466
2,348
2,445
10580
2,622
2,420
2,207
2,551
403
900
829
894
939
134
48
105
97
37
4,581
'7872
2,790
'7872
3,049
7704
3,750
7450
3,683
7180
3617
65
.
do
Index, 1967=100
89,882
4665
110,243
4937
8,099
4834
5,911
4844
thous sh tons
do
46,132
27,094
42,786
28,296
2,209
2,354
do
do .
. do
do
8,627
7,521
1,106
3
846
6,724
6,320
403
900
835
869
758
813
do
Exports
Price, wholesale
534
278
5973
669,061
568,322
125,815
66,493
. do
Residential and commercial
Stocks, end of period, total
Electric power utilities
Industrial, total
Oven-coke plants
5,423
2,249
5822
2,162
1,251
118
89
206
27,026
5564
37,644
8035
2,905
8425
2,604
8399
5,049 3
76
4,656 5
69
3685
66
3892
67
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
r
4,990
4,554
6,724
6,320
'5,198
'4,805
790
394
765
70S
73
60
94
123
836
67
3,497
8159
2,790
7989
3,137
7968
3,416
7968
3,775
7882
3,587
785.9
3819
68
389.9
67
4093
71
3825
68
3833
67
378.2
68
3951
69
3729
66
3254
65
437
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 t
New supply, total 11
Production
Crude petroleum
Natural gas plant liquids
Imports
Crude and unfinished oils
Refined products
Change in stocks, all oils (decrease, —)
Demand, total
Exports
Crude petroleum
Refined products
See footnotes at end of tables
6,266 9
5,905 7
4770
4904
4705
4907
4942
4982
500.5
4762
5013
4802
4186
4549
do
do
3,146 4
5918
3,1246
5979
2563
477
2634
502
2585
493
2611
495
2659
505
2576
509
2648
516
2578
501
2673
511
2687
492
2433
440
2665
501
do
do
1,946 2
5825
1,642 8
5404
1357
373
1335
433
1252
374
1353
1340
439
1453
444
1407
434
1240
443
1357
1186
471
436
869
444
927
456
mil bbl
793
683
179
235
-89
448
58
145
223
76
179
-176
-305
6,441 7
6,057 2
4755
4895
4925
5048
4923
4841
5139
486.3
5350
-277
5183
-295
. do
4689
5097
do
do
1049
943
832
1339
59
97
88
37
112
80
97
63
136
58
98
70
159
83
12.7
59
145
74
183
8.5
140
100
174
do
S
89
3,459
7182
S-28
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
June 1982
1982
1981
Annual
Apr
May
June
July
Aug.
Sept.
Nov
Oct
Dec
Jan
Feb
Mar
Apr
May
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
All oils, supply, demand, and stocks $—Continued
Domestic product demand, total #
do ..
Gasoline
do
Kerosene - ...
. . do
Distillate fuel oil
do Residual fuel oil .
do
Jet fuel
do..
Lubricants
....
. do .
Asphalt
do..
Liquefied gases
....
do.
Stocks, end of period, total
do
Crude petroleum
do
Strategic petroleum reserve
do ...
Unfinished oils, natural gasoline, etc . .
do.
Refined products
do ..
Refined petroleum products $
Gasoline (mcl. aviation)
Production
.mil bbl.
Stocks, end of period... .
do ..
1
Prices (excl aviation)
Wholesale, regular
Index, 2/73=100.
Retail, regular grade (Lundberg/Platt's)1 fl
Leaded
$ per gal .
Unleaded * .
.
.
do
Aviation gasolineProduction ...
mil bbl
Stocks, end of period
do .
Kerosene.
Production
.
do
Stocks, end of penod
do
Price, wholesale (light distillate)
Index, 1967=100..
Distillate fuel oilProduction
mil bbl
Imports .
... . do . .
Stocks, end of period
doPrice, wholesale (middle distillate)
Index, 1967=100.
Residual fuel oil'
Production
...
mil. bbl..
Imports
6,242 4
24205
580
1,049.0
9180
3907
4711
487.1
4723
468.6
479.9
2057
2112
2125
2072
2005
27
26
27
29
28
731
739
759
742
738
573
56.3
548
59.8
619
318
286
311
337
309
43
46
47
43
51
158
10.8
138
152
139
350
398
39.9
421
388
1,446 9 1,438 0 1,443.8 1,458 3 1,480 7
5607
5523
5553
565.6
549.9
1847
1992
150.1
163.1
1731
185.4
187.3
181.0
1826
179.9
7092
6954
6971
7258
7400
4652
5146
491.1
1925
2089
2055
41
44
62
1010
866
866
679
57.8
563
290
298
307
53
3.7
4.4
137
99
58
492
474
518
1,488.3 1,506.2 1,488 5
5843
594.8
598.8
2148
2225
2303
1780
1783
1768
7260
7330
7129
4926
1842
64
446.4
1705
5.0
1057
666
892
63.3
482.3
2058
3.6
893
593
303
'1,420.2
•482.9
•1078
'1920
'7453
5,840 2
24149
46.2
1,032 8
7525
3686
560
124.8
542.2
1,488 5
5988
230.3
176.8
712.9
4584
198.6
28
762
549
28.9
55
93
401
1,423 4
5414
134.2
1898
692.2
2,394 1
•2135
2,350 8
205.8
184.2
2252
190.9
2150
187.8
1963
2002
1877
2063
1906
1981
193.2
2009
192.9
1983
2029
2060
2058
2168
216.1
201.5
6947
6904
6856
6774
6684
666.4
666.1
661.7
'657.7
'651.7
6416
6229
1400
*1449
1.398
1.448
1398
1398
1450
1.397
1 449
1398
1450
o
1.2
2.1
1.1
2.1
1.3
22
12
23
11
26
26
08
27
08
27
06
27
06
27
07
27
08
1.8
50 1
•114
436
11 1
36
119
35
126
31
132
2.8
132
30
136
27
13.8
27
12.6
37
124
45
111
4.4
96
43
91
33
8634
1,039 8
1,080 9
1,084 1 1,078.9
1,067.5
1,052.6
1,044 6
974.1
519
•2054
9549
61.0
190.2
725
3.5
164.7
745
55
783
39
2068
8506
1,058.1
1,105 4
1,067 8
5784
3436
•915
961.2
4803
2906
78.3
1,239 0
39.6
37.9
17.5
228
730
785
1,334 6 1,3182
583
1424
5378
576.7
6660
1.217
1261
(")
f)
115
12.8
•2.3
do ...
Stocks, end of period
do. .
Price, wholesale
Index, 1967= 100 .
Jet fuelProduction
mil bbl.
Stocks end of period
do
LubricantsProduction
....
do .
Stocks, end of penod ....
do. .
Asphalt:
Production
.
do
Stocks, end of period
do
Liquefied gases (mcl. 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 .
2
761
51
1719
1 449
750
6.0
1802
1867
823
49
2003
1,092 5 1,092 2
1,079 8
1,076 7
1663
1,400.9
6142
2485
1835
6031
1868
5806
5569
1,043 2 1,042 7 '1,037 9 '1,044.3 1,033 1 1,026 6 1,007 9
974 7
C)
10
772
36
201.2
819
34
2000
887
2.9
1902
81 1
30
1660
1,056 1 1,047.5 '1,060.6 '1,067 8
685
3.6
1467
26
88
71 1
15
1277
1,054.5 1,025.3
9500
9250
1,1894
3535
40.5
288
40.7
44 7
298
45 4
322
449
65.1
•136
606
142
52
126
5.4
13.1
51
136
1412
•18.8
124.2
195
100
282
118
293
5618
4409
120.8
•128.0
5834
467.9
1156
1370
479
38.3
97
1185
498
398
10 1
1269
1923
42
52
474
386
382
365
402
367
347
37.0
36.4
381
318
16.2
257
254
252
240
253
28.5
25.4
260
28.2
701
800
798
80.8
783
682
581
573
693
748
1,255 8 1,206 1 1,246 4 1,192.4 1,179 1 1,174 3 '1,1809 '1,2198 1,1889 1,163 0 i,179 0
3656
•424
312
312
297
3.9
42
29
43
581
476
1,460.9 1,431.4
606.2
6122
2353
2412
1815
1840
6733
6352
30.3
44 9
280
433
280
428
289
419
293
405
278
372
280
370
347
425
5.0
133
53
141
44
137
49
129
50
139
5.1
142
43
144
41
143
43
137
119
276
127
254
134
23.1
11.9
213
10.7
184
176
76
195
65
23 1
54
243
70
26.1
473
375
98
1327
47 3
378
95
1406
48 4
378
10.6
1481
48 6
49 8
40.6
9.2
500
410
90
1464
499
41.0
89
1370
479
403
76
122.2
413
348
47 2
392
80
1090
5,972
5,658
6,045
s
(5)
()
(«)
39B
93
1513
148.7
90
66
1135
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts ..
thous cords (128 cu ft).
Consumption
do .
Stocks end of period
...
..
. d o
Waste paper.
Consumption
thous sh tons
Stocks, end of period . .
...
.do
WOODPULP
ProductionTotal, all grades # . . . .
... thous sh. tons
Dissolving and special alpha. ...
. . . do .
Sulfate
..
.. do. .
Sulfite
....
...
...
.... do
Groundwood
do .
Semichemical
do
Stocks, end of periodTotal all mills . .
do
Pulp mills
do
Paper and board mills
do.
Nonpaper mills
do
Exports, all grades, total ....
do ...
Dissolving and special alpha
do
All other
do
Imports, all grades, total
do. ..
Dissolving and special alpha
do
All other
do.
See footnotes at end of tables.
"81,007
3
3
3
13, 185
831
3
"52,055
1,418
38,931
3
79,703
6,697
1911
4,887
3,938
944
439
449
57
3
3,805
769
"3,037
3
4,051
194
"3.858
"79,547
6,706
6,656
6,774
6,645
7,206
7,058
5,552
5,693
5,917
6,258
6,459
5,600
1,063
940
1,190
1,109
1,135
949
1,016
941
966
993
(*)
4,057
102
3,129
4,513
140
3,445
155
444
330
4,309
102
3,309
149
427
322
4,459
113
3,443
154
423
4,268
129
3,251
147
407
3,590
85
2,675
130
(s)
s
(5)
()
326
301
420
279
1287
730
505
52
300
65
236
323
10
313
1 141
602
485
54
347
63
284
279
24
255
1 267
'745
462
60
274
62
212
406
27
379
1 341
'842
443
56
267
53
214
318
10
308
1 198
'690
454
54
315
85
230
269
8
262
6,528
6,882
5,528
6,465
6,716
5,123
6,649
6,790
4,985
6,799
13,523
11,042
1,195
910
1,159
866
1,204
925
51,783
1,366
39,597
1812
5,038
4,501
108
3,479
148
4,584
125
3,516
165
425
4,398
120
3,351
79,604
6,045
3,940
1 198
690
454
54
"3,678
784
"2,894
"4,086
201
"3.885
421
345
353
1,077
581
1,088
607
430
438
58
290
48
51
363
243
61
302
295
8
287
414
26
388
159
430
338
1,154
614
488
53
359
70
289
349
8
341
6,526
5,464
126
387
313
1224
667
497
59
237
65
172
329
25
304
959
958
(S)
(S)
(5)
o
221
50
172
270
26
244
303
42
261
310
9
301
319
62
257
296
10
286
316
52
264
306
22
284
SURVEY OF CURRENT BUSINESS
June 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
S-29
1981
Annual
Apr
May
June
July
Aug
1982
Sept
Nov
Oct
Jan.
Dec
Feb
Mar
Apr
May
PULP, PAPER, AND PAPER PRODUCTS—Continued
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
Producer price indexes
Paperboard
..
1967=100.
Building paper and board
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
..
do
Orders, unfilled, end of period
do
Shipments
..
do . .
Uncoated free sheet papers
Orders, new
do
Shipments
do
Unbleached kraft packaging and industrial
converting papers:
Shipments
.
thous sh tons
Tissue paper, production
do
Newsprint
Canada
Production
.
thous metric tons
Shipments from mills
do
Stocks at mills, end of period
.. do
United States
Production
...
do . .
Shipments from mills
do
Stocks at mills, end of period .
do
Consumption by publishers T[
do
Stocks at and in transit to publishers, end of
period
thous metric tons
Imports . .
.
thous sh tons
Price, rolls, contract, fob mill, freight allowed
or delivered
.
Index, 1967=100
Paper productsShipping containers, corrugated and solid fiber
shipments
mil. sq ft surf area
Folding paper boxes, shipments thous sh tons
mil $
65,834
30,164
31,143
66,439
30,669
31,561
5,757
2,591
2,745
15
360
5,724
2,622
2,734
11
4,693
2,309
2,177
5,653
2,603
2,705
5,548
2,556
2,688
5,592
2,676
2,629
14
332
14
290
14
5,252
2,500
2,497
9
357
5,347
2,451
2,543
12
342
273
247
9
197
4,390
3,846
5,891
2,643
2,809
18
377
2346
2062
2581
'2317
2557
2325
2588
2373
2592
2374
2594
2355
2606
2342
2616
2342
2617
2333
2616
232.1
'2600
'230.3
2597
•2338
2614
2311
261 1
2375
2612
2355
'1,426
103
111
128
117
121
107
106
125
119
111
130
122
126
118
134
110
117
95
90
116
122
112
113
113
'89
110
112
117
127
'98
108
'120
'96
'123
118
119
405
406
407
424
409
313
411
341
387
340
422
434
439
396
319
399
363
308
389
397
320
411
343
404
'411
'371
389
'407
'343
'437
397
343
398
698
612
695
639
633
675
627
677
713
570
655
592
599
'628
676
612
657
'716
'748
600
653
311
355
324
365
343
'407
288
380
719
709
760
750
327
694
703
318
420
413
55
396
374
76
870
863
'1,068
1,043
138
'1,475
110
160
112
'1,498
'1,441
'4,753
•4,866
391
308
4,673
4,951
409
324
405
'7,694
'8,326
•7,706
'8,218
664
731
•3,930
•4,375
•3,891
'4,485
348
372
8,625
8,622
8,946
8,915
772
731
120
342
317
298
374
347
330
395
372
311
390
326
373
269
350
748
776
223
726
738
211
677
652
236
707
708
235
815
795
255
769
743
800
405
401
426
165
194
225
4,239
4,234
4,753
4,735
21
38
391
392
29
402
400
30
404
395
39
10,089
10,165
867
897
732
846
584
847
7,279
961
6,977
622
"2793
'3081
3019
3019
244,429 '21,590
19,808
241,377
688
448
324
386
770
744
251
782
645
317
133
318
773
252
194
(5)
(5)
s
(5)
()
(s)
783
671
306
317
2588
2395
139
420
417
412
407
46
359
367
38
839
41
38
415
406
46
814
421
48
827
400
410
43
791
922
914
892
792
378
376
48
'770
902
568
952
568
928
502
944
513
959
649
947
624
961
981
1,038
557
585
524
608
503
3019
3093
316.8
3168
3168
3168
3168
3168
3181
3300
20,486
20,434
21,094
21,867
18,189
17,600
18,961
18,638
21,218
19,941
4968
13051
5623
0456
4256
142.43
4913
0483
5459
13836
5099
0488
5164
138.02
5933
0465
5356
13439
4571
0470
5386
0453
20,933
3240
(2)
(')
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber.
Consumption .
thous metric tons
Stocks, end of period
do
Imports, mcl latex and guayule thous Ig tons
Price, wholesale, smoked sheets ( N Y ) $ per Ib
Synthetic rubber
Production
thous metric tons
Consumption
..
do
Stocks, end of period
do
Exports (Bu of Census)
thous Ig tons
TIRES AND TUBES
Pneumatic casings, automotive
Production .
. .
thous
Shipments, total .
do
Original equipment ... .
. do
Replacement equipment
do
Exports ,
do
Stocks, end of period
do...
Exports (Bu of Census)
do
Inner tubes, automotive
Exports (Bu. o f Census)
...
- d o
See footnotes at end of tables
58615
126.67
59831
"0730
63467
142.43
66241
'0576
5506
12756
6762
0590
5393
124.05
6636
0580
5952
11951
5047
0570
5636
11353
4159
0560
5107
11122
4340
0540
5213
11437
6276
0504
57.32
12297
2,015 24
1,854 01
34177
42278
2,021 45
1,889 71
34902
334.63
18094
14488
36586
3177
17592
16710
36829
3200
15818
15413
35979
2855
16150
14469
36944
26.27
15972
16499
35340
2197
16890
15672
33347
24.40
16998
16375
35257
2394
15768
14113
36438
2249
12551
13188
34902
2165
14049 14576
14309 13894
340.36 '340.43
2346
2776
17032
14988
356.30
3118
2653
'159,263 •181,762
177,063 201,105
40,227
41,711
131,271 153,716
5,565
5,678
40,863
33,298
9,058
11,088
15,466
18,835
4,154
14,160
521
42,393
1,224
15,183
18,619
4,292
13,851
476
40,615
1,072
15,406
19,324
4,538
14,290
496
38,570
1,040
14,277
17,380
3,026
13,901
453
37,116
830
14,902
17,583
2,813
14,407
363
36,709
1,134
15,851
17,982
3,123
14,503
356
36,088
725
16,534
18,179
3,537
14,168
474
36,556
653
13,750
13,992
2,758
10,823
411
41,112
990
11,855
13,544
2,363
10,820
361
40,863
485
14,866
14,144
2,478
11,365
301
42,904
385
15,387
13,704
2,769
10,573
362
46,254
461
17,051
17,312
3,697
13.216
399
47,817
614
454
374
252
250
350
337
259
268
208
231
141
151
254
174
4,557
3,428
6942
0453
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
1981
Apr
Annual
June 1982
June
May
1982
Aug
July
Nov.
Oct
Sept
Dec
Jan.
Feb
Mar
Apr
25,729
28,213
3056
3098
May
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments finished cement
thous bbl
'404,569
'382,697
35,165
34,181
38,074
38,872
37,489
37,303
36,266
29,590
23,495
15,149
17,755
6,090 1
1015
7587
5,199 9
5288
5011
88
389
4841
68
358
4773
70
428
4454
60
440.6
73
411
4313
106
417
3526
61
2767
51
219
'1767
32
'149
2137
27
134
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), fo.b plant or NY
dock
...
...
1967=100
919
462.2
71
450
426
309
45.4
353
32
30
36
32
27
30
32
24
26
18
16
297.6
2878
256
241
245
256
252
253
237
215
228
'207
207
2808
3002
3001
3013
3024
3028
3028
3032
3031
3038
'3038
'3038
3056
868,459
952,283
GLASS AND GLASS PRODUCTS
Flat glass, mfrs ' shipments
thous ?
Glass containers
Production
248,658
243,260
194,972
226,926
327,022
321,439
27,851
28,209
29,532
27,751
29,449
25,943
29,305
23,849
19,912
'24,442
26,095
29,200
do
323,816
316,618
27,434
26,817
30,223
29,172
27,342
26,478
25,865
23,823
23,600 "24,626
23,213
27,406
do
do
. . .do
do.
24,808
61,032
122,678
24,574
28,682
60487
113,066
24,007
2,256
5,554
10,695
2,123
2,426
5188
10,625
1,840
2,675
6476
11,327
2,146
2,589
6,325
11,459
1,795
2,727
5,724
9,657
1,827
2,812
4,809
8,733
1,937
2,297
4,596
8,487
2,124
1,928
4 454
8,175
1,893
1,968
4,488
8,208
1,832
'2,517
"3,668
'8,535
'2,076
2,208
4,082
8,450
1,511
2,579
5350
9,503
1,893
thous gross
61,212
62,417
4,450
4,627
5,165
4,904
5,247
5,616
5,955
5,214
5,019
'5,485
4,899
5,751
thous. gross
Shipments, domestic, total + . .
Narrow-neck containers
Food
Beverage
Beer
Liquor and wine
...
Wide-mouth containers.
Food and dairy products
Narrow-neck and wide-mouth containers
Medicinal and toilet
.
...
Chemical, household and industrial
S
=25,270
S
2,689
2,138
218
1,889
262
1,902
198
1,941
219
2,339
232
2,172
234
2,041
5
118
1,947
222
138
'2,215
'130
1,948
115
2,202
128
do
46,676
46,683
49,836
51,053
50,255
48,478
49,633
48,163
50,420
50,278
46,683
'46,462
49,124
50,402
'12,376
'11,848
11,434
11,359
1,003
977
1,008
866
924
924
778
862
825
783
872
801
970
688
820
919
7,365
7,593
593
715
812
891
986
630
1,030
1,067
976
710
1,054
1,080
642
623
703
500
375
397
405
do
..
26,250
3,262
. do
Stocks, end of period
do
do .
'5,544
'4,904
419
441
487
411
435
521
452
419
448
308
294
277
do
409
'370
34
32
36
32
29
31
36
29
26
25
26
30
do
do
217
161
'225
157
18
17
16
15
16
14
20
13
19
19
12
13
21
12
18
9
15
10
16
10
17
9
21
13
14,131
78
'13,759
1,353
1,102
1,164
5
1,234
1,146
5
1,127
4
27
19
1,133
982
4
4
21
15
955
3
21
15
965
4
22
15
876
3
18
15
1,087
4
25
748
752
297
10
28
655
629
258
10
19
633
259
10
23
564
236
9
31
828
236
391
794
334
459
642
343
301
3
657
3
255
3
541
205
336
777
327
450
653
337
316
'602
'233
776
333
443
715
364
351
668
256
412
780
329
451
687
348
339
1,725
5,539
10,157
13,502
15,570
517
448
403
16,327
16,326
13,692
1,940
694
15,628
15,627
10,906
4,059
662
14,907
14,907
7,170
7,064
673
2,172
GYPSUM AND PRODUCTS
Production
Crude gypsum (exc byproduct)
Calcined
.
thous sh tons.
do
Imports, crude gypsum
Sales of gypsum products.
Uncalcmed
.
Calcined
Industrial plasters . .
Building plasters
Regular basecoat . .
...
All other (mcl Keene's cement)
Board products, total
Lath
Veneer base .
Gypsum sheathing
Regular gypsum board
Type X gypsum board
..
Predecorated wallboard .
5/16 mobile home board
mil sq ft
do
do.
do
.
. . do
do
do. .
do
190
59
325
208
9,923
3,266
'9,295
3,446
339
122
304
105
"229
6
34
22
928
322
11
30
4
26
19
740
271
11
31
838
17
5
32
19
782
292
11
28
827
313
11
27
29
27
17
763
295
11
28
291
10
28
25
17
258
9
20
18
704
286
11
39
TEXTILE PRODUCTS
FABRIC
Woven fabric, finishing plants *
Production (finished fabric)
. . . . mil linear yd.
Cotton
do
Manmade and silk
fiber
. . do
8,420
3,531
4,990
8,176
3,212
5,163
Inventories held at end of period
Cotton
Manmade and silk
fiber
do
do
do
769
339
430
740
317
423
Backlog of finished orders
Cotton
Manmade and silk fiber . .
do
do
do
8,495
4,577
4,219
9,018
4,711
4,307
686
267
419
777
341
436
839
446
393
3
663
3
335
3
3
528
730
315
415
761
375
386
519
188
331
747
318
429
770
376
394
659
251
408
789
325
464
745
369
376
44
683
268
415
778
343
435
832
444
388
427
3
609
"306
3
502
402
740
317
423
601
326
275
368
'798
'359
'438
'650
'343
307
3
763
"304
"459
784
362
422
666
363
303
COTTON
Cotton (excluding hnters)
Production
Ginmngs
fl
thous running bales
Crop estimate
. . thous net weight bales §
Consumption
...
thous running bales
Stocks in the United States, total, end of period #
thous running bales
Domestic cotton, total .
do
On farms and in transit
do
Public storage and compresses
do
Consuming establishments
do
See footnotes at end of tables
2
10,826
2
11,122
2
15,150
"15,646
6,135
5,409
435
441
9,261
9,260
2,502
5,927
831
13,777
13,776
3,752
9,268
756
5,007
5,006
460
3,469
1,770
4,109
4,108
278
2,808
1,022
531
385
429
3,217
3,216
81
2,202
933
2,595
2,594
25
1,687
882
16,970
16,969
14,669
1,491
809
3
3
400
378
391
'"493
404
13,777
13,776
3,752
9,268
756
12,567
12,566
2,257
9,488
821
11,424
11,422
1,810
8,729
883
'10,060
'10,058
'1,221
'7,921
'916
8,981
8,980
962
7,113
905
3109
SURVEY OF CURRENT BUSINESS
June 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1982
1981
1981
Apr
Annual
S-31
May
June
July
Aug
Sept
Oct
Nov
Dec
Jan
Feb.
Mar
Apr
May
TEXTILE PRODUCTS—Continued
COTTON AND MANUFACTURES— Cont.
Cotton {excluding Imters) —Continued
Exports
thous running bales
Imports
thous net-weight bales §
Price {farm), American upland fl cents per Ib.
Price, Strict Low Middling, Grade 41, staple 34
{1-1/16"), average 10 markets - cents per Ib
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
mil
do
bil
do
do
Cotton cloth
Cotton broadwoven goods over 12" in width
Production (qtrly )
mil sq yd
Orders, unfilled, end of period, compared with
avg weekly production
no weeks' prod
Inventories, 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
8,021
17
545
498
(')
727
458
0
725
320
C)
712
264
0
704
990
C)
650
580
262
0
623
478
0
601
737
1
512
'0
499
484
830
812
785
781
751
665
608
606
575
551
578
154
158
58
73
0365
27
156
58
74
0371
27
156
57
"89
0358
"3.2
156
57
68
0339
24
156
56
73
0363
25
155
55
"89
0358
"31
154
54
74
0371
26
153
55
70
0349
25
154
55
"69
0278
"25
141
137
138
136
184
146
144
127
128
42
56
48
52
53
60
55
56
58
029
040
035
038
039
033
037
039
5402
5670
3456
7663
357
574
309
568
308
613
217
58.0
259
623
258
629
3085
4433
2570
4606
750
1141
658
1185
548
1117
529
954
3,725 3
4,1482
8673
3,792 8
4,191 1
1,041 1
1,009 6
1,1160
2602
1,051 3
'9713
2806
8342
9408
2632
7854
8646
2069
'7,975
16
744
3
715
159
60
1024
0388
420
S
55
918
0357
336
3,888
S
158
5
5
971
261
c
£
653
754
0
873
(')
501
676
4
'535
»536
57.3
597
'623
624
154
55
65
0327
23
'153
55
'68
'0339
24
154
'55
"83
0334
55
146
145
123
64
67
6.5
69
046
050
046
045
056
275
718
266
667
219
58.9
182
=665
551
953
'"30
25
204
474
454
993
186
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly
Filament yarn {acetate)
Staple, mcl tow (rayon)
Noncellulosic, except textile glass
Yarn and monofilaments
Staple, mcl tow
Textile glass fiber
Fiber stocks, producers', end of period.
Filament yarn (acetate)
Staple, mcl tow (rayon)
Noncellulosic fiber, except textile glass
Yarn and monofilaments
Staple, mcl tow
Textile glass
fiber
mil Ib
do
do
do
do
mil Ib
do
184
143
272
311
121
237
126
273
143
31 1
135
382
do
do
do.
2893
2870
1041
3370
3278
1462
2919
3129
879
3344
3366
1210
3370
3298
1462
3307
3403
1518
10,774 1
3,980 6
11,448 7
3,9114
5039
5350
6,431 4
5841
4,517 0
1,002 2
2,903 1
9956
1277
1300
1,619 8
1760
1,097 2
2,890 9
9790
2,764 9
9009
1203
1257
1,596.3
920
1,1826
2394
11,4887
3,911 4
5039
5350
6,431 4
5841
4,5170
1,002 2
Manmade fiber and silk broadwoven fabrics
Production (qtrly ), total #
mil sq 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 polyester/carded cotton prmtcloth, gray,
48", 3 90 yds /Ib , 78x54-56
$ per yd
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
Yarn, tops, thread, cloth
Cloth, woven
Manufactured prods , apparel, furnishings
Apparel, total
Knit apparel
do
do
do
do
do
do
5,899 6
4302
4,342 9
7638
1375
1,6113
1420
1,1215
2652
2513
0581
0510
1278
0576
0574
77154
41864
24977
35291
63773
31889
20848
31884
6483
3576
2459
2908
5805
2753
1820
3051
5878
1871
3066
4759
2403
1584
2356
4970
2424
1575
2547
4877
2274
1384
2602
5098
2460
1597
2638
54064
9748
6728
2
443 15
37852
18774
63908
13052
9538
50856
43487
18470
4553
1087
773
3467
2930
5783
1311
934
4472
3666
1695
5801
1134
859
4667
4106
1768
6666
1243
925
5423
4844
2152
6932
1205
5677
1005
777
4672
4084
6724
12.33
846
5492
4743
2275
1134
100
565
260
1277
105
753
261
108
07
19
102
08
86
24
"128
"09
49
21
84
08
65
28
101
10
53
25
"114
4
11
37
16
S
S
278
314
278
316
283
283
323
283
320
283
3 16
1251
2813
8.98
5727
4985
2190
1730
4695
2316
3808
3490
1900
1620
2379
1274
1909
972
1870
4912
1056
802
3856
3196
1263
3951
771
583
3180
2597
864
5318
1088
774
4230
3648
1246
112
"10
53
20
283
312
1551
38.35
3972
1810
1148
21.61
3596
1567
1059
2029
4807
873
4774
658
933
682
3934
3395
1122
3841
3229
1055
4014
958
679
3056
2539
856
94
07
80
21
96
09
63
16
"129
"10
66
18
49
20
275
301
263
303
244
313
240
323
1713
1013
2122
WOOL AND MANUFACTURES
Wool consumption, mill (clean basis)
Apparel class
Carpet class
Wool imports, clean yield
Duty-free (carpet class)
mil Ib
do
do
do
Wool prices, raw, shorn, clean basis, delivered to
U S mills
Domestic — Graded territory, 64's, staple 2-3/4"
and up
cents per Ib
Australian, 64's, Type 62, duty-paid
do
Wool broadwoven goods, exc felts
Production (qtrly )
mil sq yd
S
245
309
278
=316
75
319
94
11
60
18
94
07
51
20
283
316
283
317
4
1933
565
40
374
1,082 2
1,063 5
2984
2709
2356
16,808
179,401
18,162
70,152
26,704
14,845
136,176
13,605
91,025
30,322
FLOOR COVERINGS
Carpet, rugs, carpeting (woven, tufted, other),
shipments, quarterly
mil sq yds
APPAREL
Women's, misses', juniors' apparel cuttings
Coats
thous units
Dresses
.
do
Suits (mcl pant suits, jumpsuits)
do
Skirts
do
Blouses
thous dozen
See footnotes at end of tables
1,275
13,630
1,158
9,222
2,509
1,474
11,935
1,159
7,914
2,461
1,552
12,079
1,233
8,909
2,429
1,374
10,218
1,152
6,827
2,449
1,633
11,439
1,218
7,342
2,617
1,515
11,238
1,196
6,907
3,077
1,419
9,961
1,026
7,035
2,641
849
8,152
939
6,461
2,178
639
8,015
813
5,192
2,097
240
3.36
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS
1980
1981
June 1982
1982
1981
Apr
Annual
May
June
July
Sept
Aug
Jan
Feb
Mar
Apr
25,065
21,634
23,902
23,898
1 130.2 16621
7,331 10,177
952
476
7083
4,187
504
774.2
3,993
369
1,1177
6.650
809
412
370
344
523
358
273
256
320
302
632
•469
M88
Nov
Oct
Dec.
May
TEXTILE PRODUCTS—Continued
APPAREL— Continued
Men's apparel cuttings
Coats (separate), dress and sport
Shirts, dress and sport .
Hosiery, shipments
. do .
thous. doz
thous doz pairs
14074
16,906
124011
253,640
40,988
286,379
14,686
14,686
175,445
38,112
304,826
1284
1,588
11352
15986
3,436
26,119
1367
1,444
11516
14 190
3,378
25,192
1393
911
1,575
11071
1,186
7857
13,663
14,135
3,327
26,405
2,663
30,233
TRANSPORTATION
AEROSPACE VEHICLES
Orders, new (net), qtrly, total @
mil. $.
70,409
76,814
U S Government .
do
33,497
41,144
Prime contract
do
68407
74,782
58,440
Sales (net), receipts, or billings, qtrly, total. . do
68,589
26,674
U S Government
do
32,523
Backlog of orders, end of period #
do
90,517
98,742
U S Government .
. . do. ..
37,200
45,821
Aircraft (complete) and parts
do .
47,186
48,246
11,595
Engines (aircraft) and parts
do
13,890
Missiles, space vehicle systems, engines, propulsion units, and parts
mil $
8,572
9,016
Other related operations (conversions, modifications) products services
mil £
10,330
14,554
Aircraft (complete),
Shipments # #
.. .. do.... 13,043.1 14,041 1
Airframe weight # #
thous Ib
97,068
92,788
8,551
Exports commercial tt
mil $
8,250
MOTOR VEHICLES (NEW)
Passenger cars3
Factory sales (from U.S. plants), total
thous
6,225
6,400
Domestic
do . .
5,840
5,749
8,979
Retail sales, total, not seasonally adj t - - - do
8,535
Domestics § .
do .
6,209
6,581
Imports §
do
2,398
2,326
Total, seas, adjusted at annual rate t
mil
Domestics §
do
Imports §
do
Retail inventories, end of period, domestics: t
Not seasonally adjusted
- . thous..
1,471
1,520
Seasonally adjusted § .
do .
1,465
1,438
27
26
Inventory-retail sales ratio, domestics § t
60780
Exports (BuCensus), assembled cars
thous
53812
To Canada
do. ..
47075
509.13
3,310.7
3,000 8
Imports (BuCensus), complete units # #
do
594.8
From Canada, total
do
5623
8,761
Registrations fi, total new vehicles
do .
8,444
2,469
Imports, incl. domestically sponsored
do . .
2,432
Trucks and buses:
3
1,667
Factory sales (from U S plants), total . . . thous
1,700
Domestic
do.
1,464
1,513
Retail sales, seasonally adjusted' t
Light-duty, up to 14,000 Ibs GVW
do . . =1,963.5 51,746 6
5
5
Medium-duty, 14,001-26,000 Ibs GVW
do . .
92.3
73.9
5
5
Heavy-duty, 26,001 Ibs and over GVW
do
1757
151.7
Retail inventories, end of period, seasonally
S
S
574.0
5594
adjusted t
thous
"190 32
Exports (BuCensus), assembled units . .
do
17051
Imports (BuCensus), including separate chassis
826.77
and bodies
thous 1,133 28
Registrations, U new vehicles, excluding buses not
2,477
produced on truck chassis
thous
2,185
Truck trailers and chassis, complete (excludes
detachables), shipments .
number- 125,278 117,707
Vans
..
.
do . . 75,172
71,032
11,849
Trailer bodies (detachable), sold separately
do .
7,239
14,202
Trailer chassis (detachable), sold separately .... do .
13,356
RAILROAD EQUIPMENT
Freight cars (new), for domestic use; all railroads
and private car lines (excludes rebuilt cars and
cars for export):
'85,920
'44,901
Shipments ...
..
number
'80,357 '41,435
Equipment manufacturers
do
'43,955 '17,916
New orders
do. .
'40,140 '17,288
Equipment manufacturers
do.
52,370
16,485
Unfilled orders, end of period
do
14,819
47,866
Equipment manufacturers
. do.. .
Freight cars (revenue), class 1 railroads (AAR) $
1,111
Number owned, end of period
.
thous .
1,168
69
8.8
Held for repairs, % of total owned
9256
Capacity (carrying), total, end of mo . mil. tons.
8937
7924
Average per car ...
tons.
8043
See footnotes at end of tables.
1 252 1294
1,801
1,448
11930
12443 17894
3,107
3,198
26,850 26,448
1367
1,682
1227
13360
3,107
27,141
10052
2,864
24,125
1,433
1 139
1,312
10178
2,441
19,796
EQUIPMENT
18,298
9,747
17,878
16,917
8,582
16501
20,746
12,547
20 100
18,417
8,126
96,413
42,332
49,129
13,422
9,058
98,742
45,821
ie',636
17,577
7,884
96,132
41,876
49,989
12,497
48,246
13,890
8,652
15018
10,204
1,049
645
589
751
534
218
80
58
23
8,609
9,016
11,536
12,593
14,554
13305 1,492 4
9,239
9,312
916
746
7626
5,180
413
8124
5,299
670
608
734
524
210
79
712
513
472
724
518
707
206
75
209
57
22
52
22
1,472
1,665
1,472
652
497
82
59
2.3
13295
8,413
804
5,373
538
345
313
801
602
199
104
82
22
522
487
687
520
486
649
492
1,427
1,446
608
1,344
1,198
25
5852
52.65
282.3
556
752
228
1,313
27
6381
5832
254.1
56.0
731
224
57.84
5187
2824
598
1,675
1,606
33
49.85
45.96
2501
410
747
690
223
207
1,486
1,558
23
3179
2900
259.2
33.8
721
206
162
142
159
139
180
161
127
111
1508
1573
6.3
11.6
1521
5.2
115
1621
5464
1781
63.66
34
519
168
88
67
21
26
37.99
3408
1737
437
8518
157
72
52
21
1,481
1,485
35
3522
2841
2360
425
394
585
432
152
76
54
23
1,490
1,459
165
7.2
5.0
23
1,471
1,465
33
36
2973
2495
2373
2918
2237
2337
457
535
368
166
82
5.7
25
1,432
1,321
28
1727
1342
2599
763
209
654
182
589
614
169
87
75
130
115
165
152
123
112
127
1419
6.3
12.0
1641
6.1
12.8
1503
1272
49
114
1308
43
11.2
114.2
53
136
38
146
5590
1744
576.5
1238
5239
1119
5162
1116
5482
1195
5475
1077
5755
897
7287
6824
64.05
6749
6453
7855
6997
186
198
201
190
194
196
171
9,980
10,076
5,810
1,072
1,105
11,311
6,710
696
1,077
8,913
4,826
9,770
6,061
340
1,189
10,533
6,854
387
767
11,051
7378
4,143
3,779
1,791
1,791
3,781
3,442
1,155
927
32,321
29,744
2,983
2,864
1,315
1,315
26,267
23,809
3,184
2,971
23,648
21,403
1,137
7.7
90.67
7978
1,130
1,124
77
9032
7992
7.6
8.7
145
5415
5751
1,009
885
4,245
3,792
1,762
1,737
38,972
35,920
1,146
80
9107
7949
35,588
32,900
1,143
81
9118
7975
459
849
798
798
89.92
8000
488
612
371
509
159
457
175
86
63
23
1,325
1,174
431
777
576
201
7.9
5.9
21
1,247
1,081
669
499
170
72
2
514
774
584
190
8.2
63
55
18
20
1,256
•1,102
1,213
1,064
20
22
22
24
2387
1946
1959
40.21
3603
2857
704
49.59
4572
626
672
186
580
546
2492
732
164
176
116
108
144
133
•197
184
1734
1820
32
122
1960
31
125
1656
3.6
131
1985
46
5170
822
4924
1146
4739
1268
5106
1237
5215
7229
74.80
5715
8200
7368
169
180
156
171
208
219
9,474
6,159
404
1,062
9,612
5,640
336
499
7,476
4,327
542
855
•8,418
'4,928
203
564
9,586
5,951
421
817
3,529
3,299
1,743
1,743
21,852
19,837
2,900
2,656
1,013
638
18,831
16,685
2,063
1,839
860
860
17,724
15,802
2,711
1,811
1,811
16,485
14,819
1,995
1,833
815
815
14,735
13,231
1,762
1,526
753
753
13,486
2,247
2,032
1,485
1,485
1,122
72
89.83
8008
1,119
72
9000
8041
1,116
70
89.64
8030
1,111
69
89.37
8043
1,110
7.0
8932
8048
1,105
74
8902
8058
59
133
184
115
2,455
252
449
12,218
12,599
11,546
2
188
2,443
2,265
539
539
10,560
9,685
1,100
76
1,095
88.76
8848
8084
8071
76
Z
193
122
1,792
1,694
487
487
9,253
8,478
SURVEY OF CURRENT BUSINESS
June 1982
S-33
FOOTNOTES FOR PAGES S-l THROUGH S-32
General Notes for all Pages:
r
p
e
c
Revised,
Preliminary,
Estimated,
Corrected.
Page S-l
t Revised series. Estimates of personal income have been revised as part of the 1980
benchmark revision of the national income and product accounts. An article describing that
revision appears in the Dec. 1980 SURVEY Data for 1976-79 are available in a special
supplement to the SURVEY Pre-1976 data are available in The National Income and Product
Accounts of the United States, 1929-76: Statistical Tables.
t Includes inventory valuation and capital consumption adjustments.
# New series. Detailed descriptions begin on p. 18 of the Nov. 1979 SURVEY See note "t"
for this page for information on historical data.
§ 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.
Page S-8
1. Advance Estimate
H Home mortgage rates (conventional first mortgages) are under money and interest rates
on p. S-14.
§ Data include guaranteed direct loans sold.
| Effective April 1982 SURVEY, wholesale trade data have been revised for Jan 1972-Dec.
1981. Revised data are available upon request.
t Effective April 1982 SURVEY, retail trade data have been revised for the years 1972-1981.
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
PageS-2
PageS-9
1 Based on data not seasonally adjusted.
# Includes data not shown separately.
j Revised series. For wholesale see note "J" for p. S-8. For manufacturing see note "f"
for p. S-3. For retail see note "t" for p. S-8.
t See note "t" for p. S-3.
§ See note "t" for p. S-8.
@ See note "f for p. S-8
# New series. Data back to 1967 are available from the National Income and Wealth
Division, Bureau of Economic Analysis.
1. Advance estimate.
2 Effective Jan. 1979 data, sales of mail-order houses are included with department store
sales
3 As of July 1
# Includes data for items not shown separately.
j Revisions for Jan 1977-Oct. 1979 appear in "Current Population Reports," Series P-25,
No 870, Bureau of the Census.
H Effective with the February 1982 SURVEY, the labor force series have been revised back
to 1970 to reflect the 1980 Census of Population. Seasonal adjustment factors were revised
accordingly. Revised monthly series appear in the February 1982 issue of Employment and
Earnings. Revised annual series will appear in the March 1982 issue of Employment and
Earnings, V S. Department of Labor, Bureau of Labor Statistics.
# New series. The participation rate is the percent of the civilian nonmstitutional population in the civilian labor force. The employment-population ratio is employment as a percent
of the total nonmstitutional population, 16 years and over.
t See note "f" for p S-8.
Page S-3
t Revised series. For wholesale see note "$" for p. S-8. For manufacturing see note "t"
for this page. For retail see note "t" for p. S-8.
t Revised series. Data have been revised back to 1972. A detailed description of this
revision and historical data appear in the report "Manufacturers' Shipments, Inventories,
and Orders" M3-1.10 (1972-1980), available from the Bureau of the Census, Washington,
D.C. 20233.
§ See note "t" for p. S-8.
@ See note "J" for p. S-8.
# 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
PageS-4
1. Based on data not seasonally adjusted
t See note "t" for p. S-3.
# Includes data for items not shown separately.
j 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.
f 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.
PageS-5
1. Based on unadjusted data,
t See note "t" for p S-3.
@ Compiled by Dun & Bradstreet, Inc
# Includes data for items not shown separately
§ Ratio of prices received to prices paid (parity index).
IF Revisions, back to 1975 for some commodities, are available upon request.
$ See note "J" for p S-4.
PageS-6
§ For actual producer prices of individual commodities see respective commodities in the
Industry section beginning p. S-19. All data subject to revision four months after original
publication.
t Revised series Stage-of-processing producer price indexes have been revised back to
1976 to reflect updated industry input-output relationships and improved classification of
some products.
# Includes data for items not shown separately
I Effective Feb. 1982, data have been revised back to 1977 to reflect new seasonal factors.
PageS-7
1 Computed from cumulative valuation total.
2. Index as of June 1, 1982 building, 328.5, construction, 3529.
# Includes data for items not shown separately.
§ Data for Apr., July and Oct. 1981, Jan. and Apr 1982 are for five weeks; other months
four weeks.
PageS-10
t Effective May 1982 SURVEY, data have been revised back to 1977 based on March 1981
benchmark levels and updated seasonal adjustment factors. See "BLS Establishment Estimates
Revised to March 1981 Benchmarks," in the June 1982 issue of Employment and Earnings.
Effective July 1981 SURVEY, data have been revised back to 1974 to reflect new benchmarks
and new seasonal adjustment factors. See "BLS Establishment Estimates Revised to March
1980 Benchmarks," in the July 1981 issue of Employment and Earnings.
H See note "U" for p S-9.
Page S-l 1
t Seenote"t"onp.S-10.
$ This series is not seasonally adjusted because the seasonal component is small relative to
the trend-cycle and/or irregular components and consequently cannot be separated with
sufficient precision.
U Production and nonsupervisory workers.
PageS-12
1 This series has been discontinued.
t See corresponding note on p S-10.
H Production and nonsupervisory workers.
\ Earnings in 1977 dollars reflect changes in purchasing power since 1977 by dividing by
Consumer Price Index.
§ Wages as of June 1, 1982: Common, $14.15; Skilled, $18 40.
PageS-13
1 Average for Dec.
H Effective April 1982 SURVEY, the series for work stoppages involving six or more workers
have been discontinued and have been replaced by series for work stoppages involving 1,000
or more workers
# 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)
# New series Beginning Dec. 1978, data are for all investment account securities, comparable data for earlier periods are not available.
@ 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
SURVEY OF CURRENT BUSINESS
S-34
Page S-14
June 1982
PageS-18
1 Seenotel forp.S-16.
1. Data are for fiscal years ending Sept. 30 and include revisions not distributed to the
2. Annual total, quarterly or monthly revisions are not available.
months
3 Before extraordinary and prior period items
2 Average for the year
4 For month shown
3 Daily average.
4 Beginning Jan. 1981, data are for top-rated only. Prior data cover a range of top-rated
5 Domestic trunk operations only (averaging about 90 percent of domestic total).
# Includes data for items not shown separately.
and regional dealer closing rates See also note 3 for this page
5 Beginning Oct. 1981, data represent the total deficit (budget deficit plus off-budget
§ Total revenues, expenses, and income for all groups of carriers also reflect nonscheduled
service
deficit).
6 Interest rate charged as of June 1, 1982 was 13 73.
I Beginning Jan. 1977, defined as those having operating revenues of $50 million or more.
H Average daily rent per room occupied, 'not scheduled rates.
# Includes data for items not shown separately.
§ The Department of Health, Education, and Welfare was redesignated as the Department of Health and Human Services by the Department of Education Organization Act
PageS-19
H Adjusted to exclude domestic commercial interbank loans and Federal funds sold to
1 Reported annual total; monthly revisions are not available.
domestic commercial banks.
| Rates on the commercial paper placed forfirmswhose bond rating is Aa or the equiva- 2. Data withheld to avoid disclosing operations of individual companies.
lent Data through Oct. 1979 show a maturity for 120-179 days Beginning Nov 1979, matu3 Beginning Jan 1981, data represent gross weight (formerly phosphoric acid content
weight) and are not comparable with data shown for earlier periods
rity is for 180 days
@ Data through Oct 1979 show a maturity for 150-179 days Beginning Nov. 1979, matu4. A portion of data is being withheld to avoid disclosing information for individual
companies; not comparable with other published data
rity is for 180 days
5 Beginning Jan 1980 data, another company is included.
|| Courtesy of Metals Week
# Includes data for items not shown separately.
§ Data are reported on the basis of 100 percent content of the specified material unless
PageS-15
otherwise indicated.
1 Ml-Ahasbeendiscontmued.Ml-Bwillnowbedesignated"Ml "
| Revisions, back to 1977 for some commodities, are available upon request.
f Effective Feb. 1982 SURVEY, the money stock measures and components have been revised
11 Data for Jan 1977-June 1979 exclude potassium magnesium sulfate, not strictly comparable with data shown for other periods.
back to 1959 The Federal Reserve has redefined 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
Page S-20
the basic character of established monetary assets—for example, the growing similarity of
1. Reported annual total; monthly revisions are not available.
and substitution between the deposits of thrift institutions and those of commercial banks.
2 Includes Hawaii; not distributed to the months.
Monthly data from 1959 to date are available from the Banking Section of the Division of
3 Reported annual total, including Hawaii; monthly data are preliminary and subject to
Research and Statistics at the Federal Reserve Board, Washington, D.C. 20551.
change.
| Composition of the money stock measures is as follows
Ml.—This measure is currency plus demand deposits at commercial banks and interest-earning
4 Beginning 1982, the reporting frequency has been changed from a monthly to a quarterly
basis
checkable deposits at all depositary institutions—namely NOW accounts, automatic transfer
from savings (ATS) accounts, and credit union share draft balances—as well as a small
§ Data are not wholly comparable from year to year because of changes from one classification to another.
amount of demand deposits at thrift institutions that cannot, using present data sources, be
| Revisions back to 1977 are available upon request.
separated from interest-earning checkable deposits.
M2—This measure adds to Ml overnight repurchase agreements (RP's) issued by commercial banks and certain overnight Eurodollars (those issued by Caribbean branches of
PageS-21
member banks) held by U S. nonbank residents, money market mutual fund shares, and
1 Average for three months, price not available for Apr.-Dec.
savings and small-denomination time deposits (those issued in denominations of less than
2. Crop estimate for the year.
SI00,000) at all depositary institutions. Depositary institutions are commercial banks (including
3 Stocks as of June 1.
U S agencies and branches of foreign banks, Edge Act corporations, and foreign investment
4. Stocks as of June 1 and represents previous year's crop, new crop not reported until
companies), mutual savings banks, savings and loan associations, and credit unions.
June (beginning of new crop year)
M3 —This measure equals M2 plus large-denomination time deposits (those issued in denomina5. Previous year's crop, new crop not reported until Oct. (beginning of new crop year).
tions of $100,000 or more) at all depositary institutions (including negotiable CD's) plus
6. See note "@@" for this page.
term RP's issued by commercial banks and savings and loan associations.
7. Data are no longer available.
L.—This broad measure of liquid assets equals M3 plus other liquid assets consisting of
8 May 1 estimate of 1982 crop.
other Eurodollar holdings of U.S nonbank residents, bankers acceptances, commercial paper,
§ Excludes pearl barley.
savings bonds, and marketable liquid Treasury obligations
# Bags of 100 Ibs
| Includes ATS and NOW balances at all institutions, credit union share draft balances,
|
H Revised crop estimates back to 1975 are available upon request
and demand deposits at mutual savings banks
@ Revisions, back to 1977, for some commodities, are available upon request.
# Overnight (and continuing contract) RP's are those issued by commercial banks to the
| Revisions back to 1975 are available upon request
nonbank public, and overnight Eurodollars are those issued by Caribbean branches of member
@@ Data are quarterly except for June (covering Apr. and May) and Sept. (covering
banks to U S nonbank customers.
@ Small time deposits are those issued in amounts of less than $100,000. Large time June-Sept.).
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
PageS-22
foreign banks and official institutions.
1 Average for 11 months, price not available for Dec
# Includes data for items not shown separately.
2 Average for nine months; index not available for Apr -June.
§ Number of issues represents number currently used, the change in number does not
3 Data are no longer available.
affect the continuity of the series
§ Cases of 30 dozen.
U Bags of 132.276 Ibs.
Page S-16
| Revisions for Jan.-July 1979 (back to 1975 for gnndings of wheat) are available upon
request
1 Beginning Jan 1981 data, U S. Virgin Islands trade with foreign countries is included
@ Revisions back to 1977 are available upon request
t) Number of issues represents number currently used, the change in number does not
affect the continuity of the series
# Effective Apr 1981 SURVEY, the wholesale price of smoked hams has been discontinued
and has been replaced with the comparable price index. Annual indexes prior to 1979 and
| For bonds due or callable in 10 years or more.
monthly indexes prior to Feb 1980 are available upon request
# 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
Page S-23
items.
1 Crop estimate for the year.
2 Average of the seven available indexes.
PageS-17
3 Annual total; monthly revisions are not available.
4 Data are no longer available.
1 See note 1 for p S-16.
tj Monthly data reflect cumulative revisions for prior periods.
2. Beginning Jan 1982 data, the Customs value is being substituted for the fa s value
| Revisions back to 1975 are available upon request
# Includes data not shown separately
# New series Source- Bureau of Labor Statistics.
§ Data may not equal the sum of geographic regions, or commodity groups and principal
# Totals include data for items not shown separately.
commodities, because of revisions to the totals not reflected in the components.
PageS-24
1 Annual data; monthly revisions not available
2 Less than 500 short tons
PageS-25
I . Annual data, monthly revisions are not available.
2 For month shown
3, Effective Jan 1981, data are revised back to Jan 1980 Inventory data formerly calculated by the Bureau of the Census are now based on the Steel Service Center Institute monthly
Business Conditions report.
PageS-26
1 Annual data, monthly revisions are not available
2 Less than 50 tons
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
$ Source for monthly data American Bureau of Metal Statistics Source for annual data1
Bureau of Mines
# Includes data not shown separately.
t Effective July 1980 SURVEY, data are revised and shown on a new base The sample size
has been restored to 100 firms and the base has been changed to 1977= 100. The revised series
are not comparable to previously published data
* 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
PageS-27
1 Effective Jan 1980, total stocks for bituminous coal and lignite exclude residential and
commercial stocks and are not comparable with data shown for earlier periods.
2 Data are for five weeks, other months 4 weeks
3 Based on new 1981 stock level See also note "f for this page
4 For month shown
$ Includes data for items not shown separately.
@ Beginning July 1977, data are representive of those manufacturers reporting and are
not an average of the total industry; they are not directly comparable with earlier data
* New series Annual data prior to 1978 and monthly data prior to April 1979 are available upon request
§ Includes nonmarketable catalyst coke.
H Includes small amounts of "other hydrocarbons and hydrogen refinery input," not shown
separately
t Revisions for 1978 are available upon request
t Effective with 1981 petroleum data, the Energy Information Agency has changed some
definitions and concepts to reflect recent developments in refining and blending practices.
These changes include adding a category for gasohol production to motor gasoline production and accounting more precisely for distillate and residual fuel oil processed further after
initial distillation. A description of these changes appears in the May 1981 issue of Monthly
Energy Review, U S Department of Energy, Energy Information Administration.
PageS-28
1 Based on new 1981 stock level See also note "t" for p. S-27
I Effective April 1981, price represents simple average of Platt's/Lundberg special retail
gasoline prices for 48 cities, not strictly comparable with prices shown for earlier periods
which represent weighted average price
3 Reported annual totals; revisions not allocated to the months
4. Simple averages of prices are no longer available
5 See note 5 for p. S-29
II Prices are mid-month, include taxes, and represent full service; comparable prices prior
to Jan 1979 are not available
* Includes data for items not shown separately
* New series See note "II" for this page.
| Except for price data, see note "$" for p. S-27
S-35
SURVEY OF CURRENT BUSINESS
June 1982
Page S-29
1. Reported annual total, revisions not distributed to the months
2 Effective Jan 1980, data are no longer available
3, Average for 11 months, no price for Aug 1980 or June 1981.
4 Average for I I months, no price available for Nov 1980 or for Oct 1981.
5 Monthly data will be discontinued as of April 1982 SURVEY, due to budgetary limitations The related annual report, MA26A, will continue to be published
H Consumption by 525 daily newspapers reporting to the American Newspaper Publishers
Association
§ Monthly data are averages of the 4-week periods ending on the Saturday nearest the end
of the month, annual data arc as of Dec 31.
$ Data are monthly or annual totals Formerly weekly averages were shown.
Page S-30
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 Data are not available prior to Jan 1980
5 Effective Nov 1981, shipments of wide-mouth containers for "chemicals, household
and industrial" are included in shipments for "medicinal and toilet" containers.
6 See note "J" for this page
* New series Data for finishing mills have replaced data for weaving mills, which are no
longer available.
f Includes data for items not shown separately
H Cumulative gmmngs to the end of month indicated
tj Bales of 480 Ibs
t Beginning Jan. 1982, shipments include those for direct export, such shipments for 1980-81
were 2,316 and 2,165 respectively
PageS-31
1 Effectivejan 1,1978, includes reexports, formerly excluded
2 Annual total includes revisions not distributed to the months
3 Average for crop year, Aug. 1-Jul 31
4 For five weeks; other months four weeks
5 Monthly average
6 Less than 500 bales
§ Bales of 480 Ibs
U 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.
PageS-32
1 Annual total includes revisions not distributed to the months
2 Estimates of production, not factory sales
3 Beginning Jan 1979, data reflect the inclusion of Volkswagens produced in the U. S
Beginning Jan 1980, passenger vans (previously reported as passenger cars) are included
with trucks
4 Monthly data for 1980 as published in earlier issues of the SURVEY, exclude exports for
off-highway trucks, not strictly comparable with data shown for other periods
5 Based on unadjusted data
# Total includes backlog for nonrelated products and services and basic research
^ Domestics comprise all cars assembled in the U S. and cars assembled in Canada and
imported to the U S under the provisions of the Automotive Products Trade Act of 1965.
Imports comprise all other cars
11 Courtesy of R.L. Polk & Co ; republication prohibited Because data for some states
are not available, month-to-month comparisons are not strictly valid
$ Excludes railroad-owned private refrigerator cars and private line cars
t Revisions, back to 1967 for some commodities, are available upon request.
© In the 1979 BUSINESS STATISTICS, 4th Qtr 1977 should read "13.946" mil $
H In the 1979 BUSINESS STATISTICS, annual data for 1977 should read "2,6048"
mil $
#$ Revisions back to 1977 are available upon request
198O OBERS
BE4 REGIONAL
Earnings
Population
Employment
Total Personal Income
Baseline projections of economic activity for a number of geographic configurations are provided in this 11-volume edition. These projections extend
to the year 2030 and supersede the BEA/OBERS projections published in
1972 and revised in 1974.
Uses for the Projections—
1. Evaluating projects that span several years or decades by governments,
industry and academia.
2. Long-term planning of facilities by Federal, State, and local agencies.
3. Marketing and plant location studies by private industry.
1980 BEA Regional Projections
Volume
ORDER FORM Mail To' Superintendent of Documents, U.S. Government Printing Office,
Washington, D C 20402
Title
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Methodology, Concepts, and State Data
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n check,
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003-010-00091-1
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Standard Metropolitan Statistical Areas
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003-010-00093-2
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003-010-00094-5
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I I I I
I I I I
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I I I I
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Itreet address
Plains
550
003-010-00097-0
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Southwest
10
11
003-010-00096-1
Southeast
003-010-00098-8
5.00
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mpany name or additional address line
I I I I I I I I I I I I I I I
I II
I
Rocky Mountain
003-010-00099-6
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City
State
ZIP Code
Far West and Alaska and Hawaii
003-010-00100-3
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(or Counti
• Please indicate quantity and total
PLEASE PRINT OR TYPE
Local Area Personal Income, 1975-80
Volume
1
Summary
2
3
4
5
6
7
8
9
'Please indicate Quantity and total
GPO Stock Number Prict Quantity* Total*
003-010-00104-6
$6.00
Title
New England Region
Mideast Region
003-010-00105-4
003-010-00106-2
Great Lakes Region
003-010-00107-1
Plains Region
003-01 0-00 108-9
Southeast Region
003-010-00109-7
Southwest Region
Rocky Mountain Region
003-010-00110-1
003-010-00111-9
Far West Region (Alaska & Hawaii)
003-010-00112-7
4.75
5.50
6.50,
7.00
9.00
6.00
5.50
5.50
1975-80
Personal Income
Statistics for:
U.S.
Counties
Regions SMSA's
States
ORDER FORM Mail To. Superintendent of Documents, U S. Government Printing Office,
Washington, D C 20402
Enclosed is $.
D money order, or charge to rny
Deposit Account No.
-D
Order No.
Total ch ar(jes $
Credit
Card No .
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Name -F irs t, L as
1
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1
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II
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MMOB
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Income By Industry
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When ordering refer to
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1975-80
, INDEXJDOT€URKENT- BUSINESS STATISTICS, Pages S1-S36
27
Dishwashers
....
SECTIONS
Disposition of personal income
General:
Distilled spirits .....i......:,..,.,.,....
20
Dividend payments...................
1, 15
* 1-5
Business indicators ................
Drugstores, sales
5,6
8,9
Commodity prices..................
Construction and real estate,
',,7,8,
Earnings, weekly and hourly...
12
.-8,9;
Domestic trade
.,!:....,
Eating and drinking places'
8, 9
Eggs.and poultry "»»..,n,,.,...'......".v......», ;,«.-.. 5,~22
Labor force, employment, and. earnings.......... 9-13 !
Electric power :............i.i,.:.......;...,.,..
<...„
,2, 20
' Finances ...... !.i.;l-.,.i..;;..,.,..«.^..,«,.,,,'.»;.'.;....,...;~, 13-16
Electrical machinery and equipment.................... ' 2-5,
Foreign trade,«f;the United States .:ct;.......s
;',. - -;••" " . - ;**',-:".;.,' .. «M2,15,27
Transportation and communication ................ 18, 19
* Employee-hours, aggregate, arid indexes.............
11
Industry: ,/'„•" /•_ _•._"_ - jl_, • • " .
Employment ,i!....^.«r.:.;...".ii.i.......,-».s.......".....'*....» 10,11
!
Explosives ...'J...;.'.,".—,.:........ ...».....«
•"»• ' , 20
19, 20
Chemicals and allied products .......
Exports (see also individual commodities).......... 16,17
\ 20.
. Electric power and gas...;,.."...:..v:;.;..i
Food and kindred products; tobacco
20-23
Failures, industrial.and commercial....................
5
.
23
5; 6
Leather and products ........................
12
.23, 24
Tumber and prbducts ..;.......„...;..»......
17Fats and oils .i,,! :.,„.„;,.,.:.„,...;" .;..,,ji.....
24-27
Metals and manufactures ...................
Federal Government finance
14
. 27, 28; Federal Reserve banks, large commercial.....
Petroleum, coal, and' products .;.'„».'....
13
. 28, 29
Pulp, paper, and; paper- products ........
Federal Reserve member banks
..„.„..„„
13
19
29
Rubber, aiutTubber products j.....:.i.I..t:
22
. 30
Stone, clay, and glass products ...........
Flooring, hardwood ;....„...,..';.,
.:......,;„,....,.....!
24:
,30-32
Textile products ...;...,.:..._____:........,,,.i..
rBnrir.Tcheat .i™>.....,.;.:..,.,....:."..;.....;....::...;..;,;....
22
32
Transportation equipment ..................
Food products .:.:...„..,<....,., 2-6,8,10-12,15,17,20-23
Footnotes i.,........,J........«.r.....,.ii.T.si:ik™:.,.....; 33=r35- •
Foeign trade (see also individual commod.)
16-18
Freight cars (equipment) i,,.'..:;.j,...,
,.;,.., ,;.. * 32
Fruits and,vegetables...^....,......:,;..
...4........
5
1
Advertising;...,..,...
.;,„—.,,.™X:,,.T«^,.«"™.-» '«." 2
Fuel'oil'u.. .. '."..:. ..™™,...............;..... .... 5,28
Aerospace vehicles ...............................................
„ 32
Fuel| ,,.";.„....„ „...............„...„..„...„„ 2, 6,17, 27, 28
Furnaces :,.....•».........:...„;,».........-........:,.....»....,...
' 27
Air carrier operations ....'..,;...."C,,."'.;;....,..v;.;:......v._'; 18^
Furnitures.,,....".,,."
;..;..%.....;.....
2, 6, 8-12
L
Air conditioners (room)...............::.;........;.... ..".... . 27,
Gas, output, prices, sales, revenues
.;.;. 2, 6,20
Aircraft and .parts..™..
...I.......,.,;...;,;..."...,,..... , 4, 32
28
Gasoline
",..„..„,,;
Alcohol, denatured and ethyl...".....;,—,..:.;;
•,- ,19
30
7Glass and products ..;.,...„,.....,.......;.I..:...!
Alcoholic beverages ;.;.."..>.~....;i.,:.i..,;.~....i-.™.." 8;,20f
_ 49
Glycerin ...„.„.:„....„
;..u......,.,l,.,.,..,
Aluininum "•».«:,"».»«"".«««:«,">»««""««.>,".»>.i".«,»,'""> ? ~ ' ' 2 5 > .
14, 15
Gold
;....;....„,............
Apparel;..........,...;..,
..,_...,:.,........,..?.....r2,4-6,70-32
Grains ibid products............................... „.... 5, 6, 21, 22
P
9
Grocery, stores ......,..:.,....;.«.......,...,..»..... .i. ...
Automobiles, etc .;.....,.;;.:..".. 2-4, 6, 8,1»,14,15, ,17, 32
Gypsum and products ............................ :..
30
Banking
.......,...:,;.;.....".:.>.;.„„..... 13,14
:...:.;.„:...„„.:
8
'Barley >,,......,........:.T..i........»..;...-...;.«:«........".."..!«..'i ^ ~5 '.21' - "Hardware stores
Heating equipment...............................................
26
Battery shipments ;.. ..,....;..;.........,,:..•....;•...„». - ! , 27
Help-wanted advertising index
;.
12
Beef and veal C..;.; .......„..",..;..„"..;....:.:.;"..,...:,«. . 22
Hides'and skins ....:;.M,«i...,M».^.;......",»".»...,!."..;.».i
6
Beverages,
.....i..........~....»..—~,.s:—,..,.. 8,17, 20
/Highways and streets.".,:.,..[......;,;..;".;........
7
Blast furnaces, steel mills..;....:;........,.,.........
3-5
Hogs .............„.."„..
.T..".......T..:.r.
22
Bonds, issued, prices, sales, yields ......................
3-5 ,,
Home Loan banks, outstanding advances
8
Brass and bronze.................................................. 15716
Home mortgages
8
Hotels and motor-hotels
7 18
Building and construction, materials....................
30
Hours, average weekly ..;.
......j. ,..„,
. 11
Building costs
;.....„.,;....,.
A....*..,.,... 2,4,5
Hdiisefurnishings .:..;..,,...........;:...."..."..:,;.... 2, 4, 5, 8,9
Building permits
...is.r.—..;....:,,.....r..d..... -• 7
Household appliances, radios, and televi sion
Business incorporations (new), failures...............
7
sets ......„......;„;".........,.......!..,,...:..,...
;.. ',
27
Business sales and inventories
5
Housing starts and permits
7
Butter..... ......„...,.„.,...
,......;
........;
2, 3
Imports (see also individual commodities) ;...,.„". 17,18
Cattle and calves...............
22
Income, personal
.2
Cement
„...;,
30
Chain-store sales, firms with 11 or more
-,-. '
Income and employment tax receipts
14
Industrial production indexes: stores....;
."..„...:......,...... ........;,;.,...;,......
9i
By industry .1
.„... i .,
1, 2
Cheese
V™.
..;„..:.:,.....,.....,...
21
^By^harket grouping ....i;'.
.;
•..'.
1;2
Chemicals ...
.; 2-4,10-12,15,17,:19, 20
Installment credit
. , 14 .
Cigarettes and cigars......
' 23
Instruments and related products
2-4,10-12
Clay products
.....„......;.:.. .-.„....
2-4,30
, Interest and money rates
14
« •
Clothing. See apparel
Inventories, Manufacturers' and trade
3, 4, 9
2, 27
Inveritory:sales ratios.; ..:..„.:..:...,"...„..
3'
-, ' 22
Iron and steel
'.
2,15, 24,25
22
Coffee ............. .....;.......... ............ ;...............
Coke ..... .. ......... ...„____. ......... :...____:..............„.
27
Labor advertising index....:
14
Combustion, atmosphere, heating equipLabor force ...i.:,...."...
9, 10
..
............
26
Lamb and mutton .......»....,.,.,»».".»...«.....,..»....,* - 22
, Communication ............. ..... ....7..: ..... ....„..„..;..;....: 15, 19
Lead
,.„....
,
.,..
26
Confectionery, sales ..................... ........................
22
Leather and products
.-„.....'„.•: 2, 6,10-12; 23
T
Construction:
;
Livestock
;..'.
5, 22
Loans: real estate, agricultural, bank (see
Contracts ..„...........»..,..».»»..,,..»»'....,.'.,..', ........ 7
Costs.............................................i.........;.........
7
, also Consumer credit)
8,13
Employment, unemployment, hours,
Lubricants
28
earnings ........;........., ........ ............................. ...10-12
Lumber and products
.,
2, 6,10-12,23, 24
Highways and streets ........................ ........... ....
7
Machine tools ..... ....
,.....,
.26
Housing starts ...............................................
-7
Machinery
2-6,10-12, 15,17, 26, 27
New construction put in place ..... ....... ........ ..... 7
Manufacturers'
sales
(or
shipments),
Consumer credit................... ......... . ........ . — ..........
14
inventories, orders
3-5
Consumer goods output, index ..... ........... ............
1, 2
Manufacturing
employment,
unemployConsumer Price Jndex ............ ................ . ............ 5, 6
ment,
production
workers,
hours,
Copper and copper products ..............................,. 25, 26
earnings
10-12
Corn ...... . ................... , .................. . ..... '. .......... '. ....... 21
Manufacturing production indexes...;
1, 2
Cost of living (see Consumer Price Index)..... ..... 5, 6
Meat animals and meats
,
5, 22
Cotton, raw and manufactures .................. ........ 5, 30, 31
Medical'care....
6
Credit, commercial bank, consumer .......... , ......... 14
Metals.,.:..
:
2-6,10-12,15, 24-26
Crops ............ ._________________:.., ................ .......... 5, 21, 23, 30
Milk
21
Crude oil .......................................................,....... 3, 27
Mining and mineral
2, 6, 10-12,15
Currency in circulation ........ ................................
15
Monetary statistics ;
,.
,
15
Dairy products ..... . ......... ...".*....,................»..,......." 5, 21 ~
Money aai interest rates
14
Debt, U.S. Government ..................... ; .................. 14
. Money supply ...„
,
15
Mortgage applications, loans, rates
8,13, 14
Deflator, PCE ...„....;............ ....... :....„..,....„ --------- 1
Motor carriers
,
18
Department stores, sales, inventories ............ . ...... 4
Motor vehicles...:
2-4, 6, 8,9,15,17, 32
Deposits, bank ......................................... ; ............ 13, 15
3f
~
- ," -
Asphalt.....,...:.,.. ,.,:,...u,,.,....:, ,/....™i..::;.,,...«™ ~*2&-
Brick
.........,:
coai ;...::
.:..:;...:..,..,...,...i.;.j.;.;........
.:.,......"
26
National parks, visits
Newsprint: ,™.,U
...„...,".........„....,
,..,....,
18
....„
.29
New York Stock Exchange, selected data .;........ •"'', 16;
Nonferrous metals.
;..
,::.,„; 2,4,5,15,25,26
OatsV......;.
;;..„....
..:...,™...
21
Oils and fats
;:.,.„
-- 17
Orders, new and unfilled, manufacturers'........... ! ; 4,5
Outlays, VS.' Government.....;... ,
..." '""" 14
Paint and paint materials ,...,„.,.„...,;....,".......
- - 20^
Paper and products and pulp
, * 2-4,
6710-12,15,28,29
Parity ratio
,...™..™.......»,™.,i,, - •'$ Fassenger cars:.
2r4,6, 8,9,15, 17, 32
Passports issued ......V,
."...... ;.".:.,....
~18;
, Personal consumption expenditures
1
Personal income
...:.,......"..i.,
1
Personal outlays:
,"...M!..............,.*,...,,*........,.. '^ - -1
Petroleum'and products
2-4,
lfl-12,15, 17, 27^28
Pig iron.......;....
,
...,....,
,
.24
Plastics and resin materials
,
20
Population „....., .,.....».„.„ .„...,„.„
...,».. 9!
Pork ..,::.................i
..,„..„„....„.....„......„.
22>s
r
Poultry and eggs ,....."... .......,,,.,... ....,,.;,....,....",r. 5,i22
Price deflator, implicit (PCE) „........"...
-_ . '-!-.',
Prices (see also individual commodities).............
5,6
Printing and publishing ........... ..,.„....„...,..... 2,10»12
Private sector employment, hours, earnings.........................................................
,.„. 10-12"
Producer Price Indexes
,,....,!..„.„.„..„
.".-,
.6 .
Profits,.corporate........ .„...,...,
i . 15 :
Public utilities,,.;...,.,
....; „,;„... 1, 2,7, 15; 16, 20
Pulp and pulpwood...,,..
.........„•....„...;..„,...,," '; 28 - ,
Purchasing power of the dollar «'.,.",.....,.".,t...;,
6
Radio and television...;,..: .^. ..^............r Sy^7:
Railroads ............................:,.....,
;...... 13,1.6,18, 32.
-Ranges
,...,.....,...:.;r, .: ; 27
Rayon and acetate.—;,....„„.,„..„......
.....:. • , S31
' Real estate „".;......:.„.„;.;
i;......:. 8,-13 r
Receipts,-B;S, Government .,......i,.s
;;...„.,."..; t 14'
Refrigerators ...............t....,;..,"....,..,..,...,...;....™.,.,' -- * 27
Registrations (new .vehicles)................................ r ,32
Rent (housing) .,.,,.........,;,.».,,.".^.i,:..,,,"....;,,....... ','''i>
Retail trade
„....
':.. 2, 3, 5, «-12,14, 32
^Hice......,f,.,...-.,.....r...;...'.:.;i£;......',.._.;.,..!...:;.";..".i; " , 21'
Rubber and products (incl. plastics)....................
2-4,
'•',
•
-:::
, ,' ' " 6,10-12,29
Saving, personal
1
Savings and loan assoc., new mortgage , loans . i . 8
Savings deposits
13
Securities issued
is.. "*.„..,.,......,. ,- 15
. Security markets
;.".
,...„.:....
.15,16;
Services
;,.;
I,......,.......".,.......;....:....... 6,10-12
Sheep and lambs ...,,.,.„.....,.....,—
—
22
Shoes and other footwear
23
.Silver
,.
...,"...,......;.r... -..; " 1 4
Spindle activity, cotton,
,
31
• Steel (raw) and steel manufactures
, 25
Steel scrap
24
Stock market customer financing
15
Stock prices, yields, saleSj etc ...;.,..........;....'.. .' , 1 6
Stone, clay, glass products.........;.— 2-4,10712,15, 30
Sugar .;„,...,.....
23
Sulfur ,..„... .."„.„.,.......,......,....«»....»,».,«»...»
19 '
Sulfuric acid
"i.......—......
19
Superphosphate ,...,.......;...... .;.;.;
..'. ....'
19
Tea'impbrts .„...».„.....„„.«,,... .....-....,....»,-......»
23 "
Telephone and telegraph carriers ........................
19
Television and radiep ...,............;.,„., ,.."..,
:..,
27
Textiles and products i
,..".,,2-4,10-12,15, 30, 31
Tin
.".
26
Tires and inner tubes
29
Tobacco and manufactures...................... 2-4, 10-12, 23^
' Tractors^
."..........r...:.;.;...;.'.....,.;.....,.,,..:........,,! - ' 27
Trade (retail and wholesale) ..:.i..,.....,.;.^2, 3, 5,8-12, 32
Transit lines, urban
—
18
Transportation
,.......,.;.„".
6,1G-12S15,16,18
Transportation equipment........... 2-6,10-12,15,17'A2
Travel
...."..........."......l,.;.........................,......: -. 18
Truck trailers
'.
j , 32
Trucks (industrial and other),..
26, 27, 32
Unemployment and insurance
9,10,13
U.S. Government bonds
....„..„:...,...
,16
U.S. Government finance
14
Utilities.....
,.,
„
=,.,!.. 2,6, 7,15,16, 20 Vacuum cleaners
».,.....,"....,.,»,..- 27
Variety stores
..;. :....
9
Vegetables and fruits
.-...;
5
Veterans' unemployment insurance.....................
13
Wages and salaries
1, 12
Washers and dryers
',.
;
27
Water heaters
.L
27 .
Wheat and wheat flour
„..„
;... 21, 22
Wholesale trade
—
2, 3, 5, 8,10-12
Wood pulp
;
Wool and wool manufactures
Zinc ....„............-.........."........ ;!...
..„
28
,,......".,......
31:
' 26
UNITED STATES
GOVERNMENT PRINTING OFFICE
PUBLIC DOCUMENTS
DEPARTMENT
W A S H I N G T O N , D.C. 2O4O2
OFFICIAL BUSINESS
Subject Guide
January-June Issues of Volume 62 (1982)
Articles and "Business Situation" sections are listed below by subject. Title, author, and issue and
beginning page numbers are given. (Each issue contained the "National Income and Product
Accounts Tables" and a discussion of estimates therein.)
NATIONAL
Econometric models
BEA Long-Term Econometric Model. (Staff Paper Summary) Henry
Townsend. 2-2.
Social Security Contributions Equations of the BEA Quarterly Model
(Paper Summary.) Christian Ehemann. 4-72
GNP by industry
Gross National Product by Industry National Income and Wealth
Division. 4-20.
Government transactions
Federal Fiscal Programs. Charles A Waite, Joseph C. Wakefield 3-19.
Government Sector 3-5
High-Employment Budget: Revised Estimates and Automatic Inflation
Effects. Frank de Leeuw, Thomas M. Holloway 4-21
Sources of Growth in Selected State and Local Government Tax
Receipts. David J. Levin. 2-15.
State and Local Government Fiscal Position, 1981. David J. Levin. 123
Input-output
Employment and Employee Compensation in the 1972 Input-Output
Study. (Staff Paper Summary.) Jane-Ring F. Crane 2-2
Summary Input-Output Tables of the U S. Economy: 1973, 1974, and
1975. (Staff Paper Summary.) Paula C. Young, Shirley F Loftus 2-2
Inventories and sales
Manufacturing and Trade Inventories and Sales in Constant Dollars.
1981.III-1981:IV, 2-59.
Mortgage markets
Recent Developments in Mortgage Markets. Daniel J Larkins 2-19
Motor vehicles
Motor Vehicle Developments 3-2, 6-2
National income and product accounts (fflPA 's)
Command Over Goods and Services. 3-4; 6-5
Commodity Credit Corporation in the National Income and Product
Accounts. (Special Note.) 1-6.
Errata for "International Transactions in Measures of the Nation's
* Production" in May 1981 3-4.
Integrated Economic Accounts for the United States, 1947-80 Richard
Ruggles, Nancy D. Ruggles. 5-1.
Revisions. Fourth Quarter of 1981, 2-1 and 3-6
Plant and equipment expenditures
Plant and Equipment Expenditures John T. Woodward. Year 1982, 120; First and Second Quarters and Second Half of 1982, 3-26; Four
Quarters of 1982, 6-22.
Pollution abatement and control
Plant and Equipment Expenditures by Business for Pollution Abatement, 1981 and Planned 1982 Betsy D O'Connor, Gary L. Rutledge. 6-17.
Pollution Abatement and Control Expenditures, 1972-80 Gary L Rutledge, Susan L Trevathan. 2-50.
Profits
Corporate profits. Fourth Quarter 1981, 3-5 and 4-7; First Quarter
1982, 6-4.
Domestic Nonfinancial Corporate Profits. Bruce T. Grimm. 1-30.
Reconciliation and other special tables
Command Over Goods and Services. 6-16.
High-Employment Federal Receipts and Expenditures. 3-18
Reconciliation of BEA Compensation and BLS Earnings. 2-14.
Reconciliation of Net Exports and Balance on Goods and Services. 318; 6-16
Reconciliation of Quarterly Changes in Measures of Prices Paid by
Consumers. 2-14
INTERNATIONAL
Balance of payments
U.S International Transactions. Fourth Quarter and Year 1981, Christopher L. Bach, 3-37; First Quarter 1982, Russell C. Krueger, 6-36.
Foreign investment in the United States
U S. Business Enterprises Acquired or Established by Foreign Direct
Investors in 1981. R David Belli. 6-27
International transactions, measurement in the NIPA 's
Errata for "Internationa] Transactions in Measures of the Nation's
Production" in May 1981. 3-4.
Reconciliation and other special tables
Command Over Goods and Services. 6-16.
Reconciliation of Net Exports and Balance on Goods and Services. 318; 6-16
Travel
International Travel and Passenger Fares, 1981. Joan E Bolyard 6-32.
U.S. investment abroad
Capital Expenditures by Majority-Owned Foreign Affiliates of U.S.
Companies, 1982. Ralph Kozlow. 3-32
Employment and Employee Compensation of U.S Multinational Compames in 1977 Obie G. Whichard. 2-37
Errata for "Employment and Employee Compensation of U.S. Multinational Companies in 1977" in February 1982. 4-46.
Growth of U.S Multinational Companies, 1966-77. Ned G Howenstine.
4-34
REGIONAL
Personal income
Revised County and Metropolitan Area Personal Income. Regional
Economic Measurement Division 4-49.
Sensitivity of Regional and State Nonfarm Wages and Salaries to the
National Business Cycle, 1980:1-1981:111. Robert Bretzfelder, Howard
Friedenberg 1-26.
State Personal Income 1-29; 4-47.
@FedFRASER