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A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBLICATION
US. DEPARTMENT
OF COMMERCE
Social and Economic
atistics Administration
REAU OF ECONOMIC
ANALYSIS
MAY 1972 / VOLUME 52 NUMBER
5
PART
SURVEY OF
CURRENT BUSINESS
MAY 1972 / VOLUME 52 NUMBER
SUKVEY OF CUBKENT BUSINESS
CONTENTS
THE BUSINESS SITUATION
National Accounts in the First Quarter
2
Construction Outlays
3
Industrial Production
5
Hourly Earnings Index
6
National Income and Product Tables
12
U.S. Merchandise Trade Projections
16
Metropolitan Area Income in 1970
27
U.S* Department of Commerce
Peter G. Peterson / Secretary
James T.Lynn / Under Secretary
Harold C, Passer / Assistant Secretary
for Economic Affairs
and Administrator Social and
Economic Statistics Administration
Bureau of Economic Analysis
George Jaszd / Director
Morris R» Goldman / Deputy Director
Lora S;C0iIi*ts / Editor
Leo V, Barcy* Jfr, / Statistics Editor
Billy Jo Hurley /Graphics
STAFF CONTRIBUTORS TO THIS ISSUE
feraSvColI!»s
Anthony Diliullo
Donald A. King
Barbara L, Miles
Evelyn Parrisli
Thomas R, Robinson
Regional Economies Division Staff
CURRENT BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
Subject Index (-Inside Back Cotter)
released ft a later
date, ^^^
-^ : •-- ' -'•' - '
~ '
Zvi
•'•
• • • • ' •
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by Edward R Deaison and by Dale W, Jorgenson and
-"'' --•'
' •'' '-'" '
'
• '
i>EPARTMHHT OF C0MMBKGE FIELD OFFICES
,t
87101
U.S. Courtlioii8<* Pfe.
Awehorage,
99301
632 Sixth Ar
272-6531 .
Atla»la, Ga, 30309
1401 Feacfetree St. JN
5^6-6000,
Baltimore, JHd» 21202
415 ILS, Custoiahottse 962-3560.
8iri»mgfeai», Ala. 35205
908 g. 20th St. Ph, 325-3S27,
Boston, Mass. 02116
441 Stuart St. 223-2312.
Buffalo N.Y. 14202
111 W. Huron St, Fb. 842-3208.
Charleston, §»C. 29403
334 Mating St.
' Ph. 577-4171 ; ' " ;, v
Charleston, W. Va. 25301
500 Quarrler St. Ffa. 343-6I81.
p&ttjNdtuie; Wyo,
82001
2120 Capitol Ave»
, Ph, 778-2220* ' •> ".; •-'
Chicago, Hi; 60604
, 1486 Mew Federal BMg.
;Pk 353-4400,
Cmcmraati, O io 45202
550 Mam St. Ph< 684-2944.
, Ohio 44114
666 Euclid A ve, '
Ballas,T«x* 75202
1100 Copunerce St. 749-3287.
Bfenver, Colo. 80202
New Customhouse, 19th & Stout
- -Sts. < \ - .
'
- .
Ph. 837-3246.
, lotra 50309
609 Federal BMg
Ph. 284-4222.
ich. 48226
445 Federal BIdg. Ph. 226-6088.
Gr<?«mborp, N.C. 27402
258 Federal BIdg.
Ph. 275-9111.
Hartford, Conn. 06103
450 Main St. Ph. 244-3530.
Honolulu, Hawaii 96813
286 Alexander Young Bids.
Ph. 546-8694.
/
Houston, Tex, 77002
1017 Old Federal BIdg,
Ph. 226-4231.
Jacksonville, Fla. 32202
400 W, Bay St. Ph+791-2796,
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601 Bast 12th St. Ph. 374-3141.
Los Angelea, Calif. 90024
11000 Wilshire Blvd. 824-7591.
Memi»has, Tenn, 38103
Portland, Oreg, 9720S
147 letferson Ave.
921 S. W. Washing ton St.
• Th* 534-3214, [' ' . - ; . " ' '"'.
Ph. 221-3001.
Miami, Fla, 33130
Meno,Nev, 89502
25 We«t Flagter St. Ph. 350"5267f
300 Booth St. Ph. 784-5203,
;
.Richmond, Va, 23$40
Milwaukee, Win. 53203
' "'
210$ Federal BIdg, Ph, 782-2246.
238 W. Wbeonsin Ate,
. Ph, 224-3473, / ; • . • ' > • ' , ' . '
St. Louis, Mo, 63103
: 2511 Federal BIdg. 622-4243,
Mmneapolisi, Mmn. 55401
Salt Lake City, Utah 84111
306 Federal BIdg. Ph. 725-2133.
125 South State St» Ph. 524-5116,
New Orleans, ti, 70130
San Francisco, Calif. 94102
7 610 South St, :Ph, 527*6§4l6/ ,
450 Golden Gate Ave.
Ph, 556-5864.
' New' York, 'N,Y-.' ^10007' ^ • ' • ''
26 Federal Pkasa Ph, ;264-0634
San Juan, Puerto Rico 00902
100
P.O. BIdg. Ph, 723-4640.
Philadelphia, Pa. 19107
Savannah, Ca, 31402
1015 Chestnut St. Ph, 597-2S50.
235 U.S. Courthouse and P.O.
Phoenix, Ariai, 85004
BIdg, Ph, 232-4321.
112 N. Central Ph .261-3285.
Seattle, Wash, 98104
'Pittshurgh, Pa., , 15222^•', ''' '- *
8021 Federal Office Bids.
1000 Liherty Ave. Ph. 644-2S50.
Ph.442-5615.
the BUSINESS SITUATION
J. HERE was little change in the overall employment situation in April. The
civilian labor force, at 86.3 million persons, and total civilian employment, at
81.2 million, were both unchanged from
March (seasonally adjusted); agricultural employment fell and nonagricultural employment increased. The overall unemployment rate was unchanged
at 5.9 percent.
CHART 1
Profits and Cash Flow
Billion $
125
PROFITS
100
Before Tax Book Profits
75
Before Tax Profits
PluslVA
50
After Tax Book Profits
i i i I -i
25
i i I
100
CASH FLOW*
75
50 I t i I
1968
-, I
1969
1970
1971
1972
"Capital consumption allowances plus undistributed profits.
U.S. Department of Commerce, Bureau of Economic Analysis
72-
The numbers of workers on nonfarm
payrolls rose about 180,000 in April,
following a stronger gain in March. The
largest April gains were in the serviceproducing sector, where trade employment rose about 95,000, mostly in retail
establishments, and State and local
governments added 30,000 workers. In
the goods-producing sector, manufacturing employment rose 80,000, a bit
less than in March. The April gain was
fairly widely distributed through both
durable and nondurable goods industries, but especially marked in the
metal-producing
and
metal-using
industries.
The average workweek in the private
nonfarm economy increased 0.2 hour in
April to the highest figure since March
1970. The April increase was due mainly
to a 0.4 hour increase in the manufacturing workweek. Factory overtime increased slightly, reaching 3.4 hours, the
highest level since December 1969 but
still well below the peaks of 1966.
Personal income
The preliminary estimate of personal
income for April shows an increase of
$4 billion (seasonally adjusted annual
rate) from the previous month. That
gain was about equal to the upwardrevised estimate of the March increase.
The nonwage income components were
about unchanged in the aggregate in
April. Thus, higher wages and salaries
accounted for the entire net gain in
personal income, with payrolls up in all
major industry divisions.
Since the start of the year, the
monthly personal income figures have
included the estimated amounts of
retroactive wages paid as lump sums
following Pay Board approval. As was
pointed out in the April SURVEY, these
lump-sum payments have had a significant impact on the size of the monthto-month movement in the wage and
salary components of personal income.
The amount of lump-sum payments,
after rising in both January and February, declined in both March and April.
To sort out some of the factors at work
in recent months, table 1 shows monthly
changes in the wage and salary component of personal income, separated
into lump-sum payments (which have
occurred only in 1972), pay raises for
Federal employees (civilian and military), and all other payments.
Table 1.—Change in Wages and Salaries
[Billions of dollars, seasonally adjusted annual rates]
Total
1971:
Oct
Nov Dec .. ..
1972:
Jan.
Feb -
Mar
Apr
Eetroactive
payments
15
3.5
10.0
8.2
7.6
2.6
4.0
Government All
pay raises other
2.4
8.8
2.0
5.4
3.9
4.6
5.2
1.2
.8
3.7
—2.0
—1.2
1.5
1.1
Retail sales
The advance estimate of April retail
sales indicates a decline of about 1%
percent, following strong gains in February and March. Easter was very
early this year—the first Sunday in
April—and although the seasonal adjustments are adjusted for the changing
date of Easter, this factor may have had
an influence on the estimate of a sales
decline in April. Estimated sales declines last month were widespread,
however, and probably related in many
cases to abnormally cold weather.
SURVEY OF CURRENT BUSINESS
Sales of nondurables outlets were off
1 percent in April, according to the
advance figures. Total durables sales
declined 2% percent in April; excluding
the auto group, durables sales fell 4
percent.
The most recent evidence on consumer attitudes shows a strengthening
in sentiment and willingness to spend,
following a prolonged period of caution.
The consumer sentiment index prepared by the University of Michigan
Survey Research Center jumped
sharply in the first quarter of 1972
after a half year of stability at a level
not far above the 1970 recession low.
The increase reflected a broadly based
strengthening of consumer opinion
about economic conditions. Other evidence was provided by the latest
Census Bureau quarterly survey of
consumer buying intentions, taken
early in April. It showed increases in
the strength of intentions to buy
appliances, home furnishings, and automobiles, as well as houses.
National Accounts in the
First Quarter
The preliminary BEA estimate shows
a sizable gain in corporate profits in
the first quarter (chart 1). The book
value of profits, before taxes, increased
about $5K billion to a new high of
$91K billion (seasonally adjusted annual
rate). The previous high was a rate of
about $89 billion in late 1968 and early
1969. Profits tax liability increased $3
billion in the quarter, leaving a gain of
$2% billion in book profits after tax.
Corporations' cash flow—undistributed
profits plus capital consumption allowances—continued to expand strongly
(chart 1).
The book profits figure includes inventory profits or losses which arise
because of differences between the replacement cost of goods taken out of
inventory and the cost at which they
are charged to production. These inventory profits or losses are excluded from
the profits component of national
income, because they are not income
arising from current production. Inventory profits, as measured by the
May 1972
inventory valuation adjustment (IVA), of business fixed investment has been
increased about $1% billion (annual raised slightly, mainly in spending for
rate) in the first quarter and pretax nonresidential structures. Although estiprofits on the national income basis mated business investment in proincreased $4 billion to a seasonally ducers' durable equipment is essentially
adjusted annual rate of $86 billion unrevised, it now appears that invest(chart 1). This figure matches the high ment in trucks did not loom as large in
established in the third quarter of 1968. the first quarter as seemed to be the
The gain in profits in the first quar- case when the preliminary estimates
ter was heavily concentrated in manu- were prepared. Although the contribution
facturing, especially in the durable of trucks to the first quarter increase
goods industries. Profits improvement has been revised down, the availability
was particularly striking in automobile of more complete data has resulted in
and primary metals manufacturing. upward revisions in other segments of
Outside manufacturing, profits were investment in producers' durables, leavgenerally little changed in the first ing the aggregate little changed.
The estimate of government spending
quarter.
was revised down slightly, reflecting
small reductions in both Federal and
GNP revised
State-local purchases. Also, estimated
The estimates of first quarter gross
exports of goods and services were
national product and related items
shaved a bit, while the imports figure
have been somewhat revised from the
was raised; these two changes raised the
preliminary figures published in April.
net deficit on goods and services by
On the basis of more complete source
about $1 billion from the preliminary
data, BEA has made various changes in
figure. As now estimated, the goods and
GNP components, but these are largely
services deficit was $1% billion larger
offsetting and total GNP is essentially
(annual rate) in the first quarter than
unchanged.
in the fourth.
There were also small revisions in
It was pointed out in the April
the implicit price deflators for various SURVEY that the large size of the first
of the GNP components. The implicit quarter increase in personal tax payprice deflator for total GNP---the figure ments to the Federal Government was
that results when total GNP in constant in good part the result of overwith1958 prices is divided into total cur- holding. On the basis of more complete
rent dollar GNP—was shaved slightly source data, BEA has added another
and the estimated growth rate of $1% billion to estimated first quarter
constant dollar GNP was boosted very Federal tax payments, but the revision
slightly to about 5% percent (annual reflects the flow of final payments on
rate).
1971 tax labilities, not more overwithThe retail sales estimates for both holding in 1972. Final payments so far
February and March have been revised this calendar year are running ahead of
up substantially from the figures avail- the figure implied in the January budget
able at mid-April. These revisions were document, mainly because capital gains
responsible for upward revisions in the in 1971 were evidently larger than was
GNP estimates of personal consump- estimated.
tion expenditures for both durable and
The $1% billion upward revision of
nondurable goods. The GNP estimate first quarter taxes carried through to a
Public and Private Debt
The data on gross and net public and private debt that usually
appear in the May SURVEY will be published this year in June.
Pending release of the June issue, the data are available on
request from the BEA National Income and Wealth Division.
May 1972
reduction of about the same amount in
disposable income. With consumption
spending revised up about $1% billion,
the saving rate has been reduced to 7.0
percent from the preliminary figure of
7.4 percent.
Federal budget deficit shrinks
Federal receipts and expenditures, as
measured in the national income accounts, showed a deficit of $13 % billion
(seasonally adjusted annual rate) in the
first quarter. This was only a little more
than half as large as the deficit for the
fourth quarter of 1971. The reduction
in the deficit reflected increased personal
tax payments—much of the increase
consisting of overwithholding—and increased contributions to social insurance
funds.
The first quarter data strongly suggest that the Federal deficit on the
NIA basis for fiscal 1972 will be well
below the $35 billion estimate published
in the budget document last January.
Eeceipts, especially personal tax receipts, are running well above the
January estimates and expenditures
are running lower.
Federal receipts increased $19.1 billion in the first quarter to $222 billion
(seasonally adjusted annual rate). About
two-thirds of the increase was in
personal taxes. Corporate tax liabilities
increased $2% billion, while indirect
business taxes fell $% billion, partly
reflecting the mid-December elimination of the import surcharge.
Social insurance contributions rose
$4K billion (seasonally adjusted annual
rate), of which about $3 billion resulted
from the January 1 increase in the
maximum earnings base for social
security. Without seasonal adjustment,
the increase in the base will have its
sharpest effect in the second half of
1972, for workers will reach the maximum later in the year than they
formerly did.
Expenditures increased $6% billion
in the first quarter to $235% billion.
This relatively large advance was centered in defense purchases, which rose
$4% billion. Pay raises accounted for
well over half of the defense increase;
the remaining increase in defense pur-
STJKVEY OF CUKKENT BUSINESS
chases marks a shift from the downtrend
of the past 2 years or more. Transfer
payments to persons increased $1 billion, bolstered by a speedup in insurance
dividend payments to veterans. Subsidies increased $1 billion, reflecting higher
payments to farmers.
Balance of payments
The widening of the goods and services deficit—which is estimated to have
increased $1% billion (seasonally adjusted annual rate) in the first quarter—
was a factor contributing unfavorably
to the change in the U.S. external
position during the quarter. Another
unfavorable shift was an increase in
U.S. purchases of foreign securities.
However, these changes were largely
offset by an increase in foreign purchases of U.S. securities and a reduction
in reported outflows of nonliquid
capital.
Although these shifts about offset
one another, the available data indicate
that the net liquidity balance and the
balance on official reserve transactions
both improved—i.e., showed reduced
deficits—in the first quarter. The improvements reflected a net reduction in
outflows associated with transactions
for which first quarter data are not
available—flows not covered by the
reporting system as well as flows related
to direct investment, for which data
will become available subsequently.
In the case of the official reserve balance, the first quarter improvement also
reflected a large decline in net outflows
of private liquid capital.
As now estimated, the net liquidity
balance registered a deficit of $3.2
billion (seasonally adjusted, not annual
rate), down $1.1 billion from the fourth
quarter deficit. The balance on official
reserve transactions, which benefited
from the improvement in outflows of
private liquid capital, was in deficit by
$3.5 billion, down $2.8 billion from the
fourth quarter. Sufficient data are not
yet available to calculate the whole
spectrum of measures of the U.S
external position in the first quarter.
Preliminary estimates of these figures—
including the balance on current account and the balance on current account and long term capital—will be
published in June.
Construction Outlays
The boom in construction spending
that began in mid-1970 continued
strongly in the opening months of 1972.
The value of public and private construction put in place surged $6 billion
in the first quarter to a seasonally
adjusted annual rate of $121% billion.
At that level, outlays stood nearly $30
billion—or about one-third—above the
recent low recorded in the second
quarter of 1970. The recovery since
then has been moderate in public construction but very strong in private
construction (chart 2).
Private construction
The boom in homebuilding activity
has been by far the most important
factor in the recovery of private
construction. Homebuilding accounts
for about one-half of total private
construction put in place—though the
share has averaged a little more than
this (53 percent) in the past year—
and swings in spending for residential
construction account for most of the
swings in aggregate private outlays.
(The magnitudes of all the major components of construction are shown in
table 2.) The rate of residential spending
fell from a peak of $33K billion in the
spring of 1969 to a low of about $29 Ji
billion in the spring and summer of
1970; it has risen steeply since then
and in the first quarter reached $49%
billion, 70 percent above mid-1970.
The recovery of residential outlays
reflects, with a lag, the very strong
increase in housing starts. Starts fell
from an average of 1.7 million units
(seasonally adjusted annual rate) in
the first quarter of 1969 to less than
1.3 million units in the first quarter
of 1970. Since then, the rate has been
rising without interruption and reached
an average 2.5 million units in the first
quarter of this year. However, as
pointed out in last month's SURVEY,
the general expectation seems to be
that the starts rate will decline on
balance during the rest of this year.
The rate hit 2.7 million units in February but fell to 2.4 million in March
and 2.1 million in April.
SUOBVEY OF CURRENT BUSINESS
The acceleration of residential outlays has also been due in part to increases in unit construction costs.
Average cost, for all units taken
together, declined in late 1969 and in
1970 but rose fairly sharply during 1971
and early 1972. These changes in unit
cost were not due to changes in the
starts mix between single family homes
and the much less costly multifamily
units, for starts in both categories
were affected similarly by the recent
decline and recovery in homebuilding.
Rather, the 1969-70 reduction in unit
CHART 2
Construction Outlays
Billion $
(Ratio scale)
cost reflected construction of smaller
units and units with fewer amenities,
which more than offset increases in the
prices of labor and materials. In large
part, the shift toward smaller units
reflected the introduction of major
subsidy programs aimed at stimulating
the production of low cost housing.
The biggest impact of the subsidy programs, in terms of shifting the new
housing mix toward less "house" per
unit, was in 1970. Since 1970, subsidy
programs have had a proportionately
smaller share in the total housing
market and the trend has been toward
more "house" per unit.
"Other residential" construction, as
shown on chart 2, consists mainly of
the nonhousekeeping category (hotels,
motels, dormitories, nurses' homes,
and other group housing). Outlays
have been fairly stable for some time,
but accelerated rather sharply in the
past half year or so.
Nonresidential outlays
Hospital and Institutional
v
1965
66
67
68
69
70
71
72
73
Seasonally Adjusted at Annual Rates
*Excludes nontiousekeeping
**Nonhousekeeping (motels, hotels, dormitories, etc)
Data: Census
U.S. Department of Commerce, Bureau of Economic Analysis
72-5-2
Aggregate expenditures for private
nonresidential construction have also
been accelerating since early 1970. They
showed little change from the summer
of 1969 to early 1970, the period during
which residential outlays were shrinking, but have since increased $5%
billion—or 17 percent—to a seasonally
adjusted annual rate of $38^ billion in
the first quarter of 1972. Spending for
commercial buildings—office, warehouse, stores and service industry
buildings—has contributed importantly
to that increase. Commercial outlays
declined somewhat during the 1970
recession, but increased nearly $4
billion—40 percent—from the third
quarter of 1970 to the first quarter of
1972 (chart 2; disaggregated data for
nonresidential buildings are not available for the years 1965-67).
On the other hand, the value of
industrial construction, mainly factory
buildings, has been in a steady downtrend since the summer of 1969 (chart
2). Though it is difficult to make
reliable estimates of the magnitude of
this decline in real terms, the sharp
May 1972
rise in construction costs in recent
years implies that the decline in the
physical volume of industrial construction has been very steep. Data are
available from the F. W. Dodge
Division of McGraw Hill on the square
footage of floor space involved in
contracts for industrial construction.
These data show a precipitious drop
(more than 45 percent) from the
summer of 1969 to the summer of 1971;
since then, however, there appears to
have been some reversal. In the case of
commercial buildings, by contrast, floor
space involved in contracts declined
moderately in 1970 and has been
increasing for more than a year.
It may well be that the decline in
spending for industrial buildings has
about run its course. Not only has
there been an upturn in the floor space
involved in new contracts; in addition,
recent surveys of plant and equipment
spending expectations show businessmen planning a sharp stepup in outlays
in 1972, with manufacturing firms
accounting for a very substantial part
of the increase.
The past few years have witnessed
strong growth in outlays for hospital
and institutional construction (including mental hospitals, convalescent and
rest homes, nursing homes, and other
long term care institutions as well as
conventional hospitals). This growth
slowed in 1970 but picked up again in
the first half of 1971. Outlays have
stabilized in the past three quarters at
a relatively high annual rate of about
$3 billion (chart 2).
Spending for all other private nonresidential construction, which includes
public utilities, nonresidential farm construction, religious, educational, and a
miscellaneous group, has moved unevenly higher since early 1970. Most
of the expansion here has been due to
increased outlays by telephone and
telegraph companies and other public
utility firms. Spending by telephone
and telegraph companies increased very
sharply in 1970, as some areas of the
country experienced severe capacity
shortages, but outlays have since leveled
off at an annual rate of about $3
billion. Spending by other public util-
SURVEY OF CURRENT BUSINESS
May 1972
State and local governments, which
ities accelerated fairly sharply in 1970
account
for 85 to 90 percent of total
and 1971. On the basis of the regular
public
construction
outlays (though a
BEA surveys of plant and equipment
large
part
is
financed
with Federal
spending, it appears that the electric
grants in aid) were severely squeezed by
utilities accounted for the bulk of this
the tight credit conditions of 1969 and
acceleration.
early 1970. State-local borrowing was
Outlays for religious and private drastically curtailed during that period
educational construction trended stead- and a substantial amount of construcily downward from early 1968 into 1971. tion was postponed and in some cases
In the spring of 1971, educational canceled. With the return of easy credit
construction began a modest recovery availability after mid-1970, borrowing
that continued in the opening quarter by these governments accelerated very
of this year. Religious construction sharply. Construction outlays, howoutlays continued to shrink through ever, were slow to reflect the increase in
last summer but picked up somewhat borrowing. In view of the considerable
late last year and early this year. construction needs facing these governments, this development was somewhat
surprising. It probably reflected the
Public construction
high priority given to increasing liquidPublic spending for construction was ity, which had been severely reduced in
dampened in 1969 and early 1970 by 1969-70. In the fourth quarter of 1971
restrictive monetary and fiscal policies, and the first quarter of this year, howand the recovery since mid-1970 has ever, State and local construction outbeen quite modest. Outlays for publicly lays were increasing sharply.
owned construction increased only $5
Most of the recent acceleration was
billion from the spring of 1970 to the in spending for highways and streets
opening quarter of this year, when they and public buildings; together these two
were at an annual rate of $32 billion. categories account for nearly threeThe sluggish growth of public spending fourths of total public construction outcontrasts with the boom in the private lays. Outlays for conservation and desector, and the public share, which in velopment have also been in a moderate,
the past decade has typically been 30 but fairly steady, uptrend since early
1970. Spending for other public conpercent, has declined steadily to averstruction—sewer systems, water supply
age about 26 percent in the first quarter facilities, and a miscellaneous group—
of 1972.
has been generally holding in a narrow
range between $4% billion and $5 billion
Table 2.—New Construction Put in Place
since early 1970, though there was some
[Billions of dollars]
stepup in the early months of this year.
Federal military construction spending,
First
1970
1971
quarter
which
declined steadily from mid-1969
19721
through 1970, was rising in 1971 and
Total,
94.3
109.0
121.7
early this year.
Private.. _
Residential structures
Other residential (nonhousekeeping) _ _
Commercial
. _
Industrial
Hospital and institutional
Religious
Educational
Public utilities
. . .
Telephone and telegraph _ _
Other private
66.1
31.7
1.4
9.8
65
2.5
9
.9
11.2
3.0
2.6
Public
28.1
Buildings
10 7
Highways and streets. _ __ . _ _ _ 10.0
Military7
Conservation and development. __ 1.9
Other public. .
4.8
79.1
42.4
89 7
51 5
1.4
18
13.4
47
30
11.6
54
2.9
8
.8
12.3
3.0
28
29.9
11 4
10.6
9
2.1
4.9
9
1.0
n.a.
3.1
n.a
32.0
11 9
11.3
10
2.3
54
N.a. Not available.
1. Average for the first quarter, seasonally adjusted annual
rate; categories of public construction are averages of January and February, seasonally adjusted annual rate.
Source: Bureau of the Census.
Industrial Production
Industrial production increased
sharply in April, continuing the acceleration that has been evident since late
last year (chart 3). The Federal Reserve
index rose one percent—the strongest
increase since December 1970, when
production rebounded following settlement of the auto strike. Output
in virtually all market categories recorded substantial gains in April. The
CHART 3
Industrial Production
Index, 1967=100 (Ratio scale)
120
TOTAL
100
t i l l ill 1 1 H
140
120 -
100
(Oct)51.1 Strike 51.8 (Nov.)
120
EQUIPMENT
Business
100
Defense and Space
80
60 1 1 1 n 11 n 111 ! 1 1 1 ill 1 1 1 ill i u iilniiil i Huh i nil n mil ni I
140
INTERMEDIATE PRODUCTS
• v Construction
120
100
140 -
120 -
100
60 -
1968
1969
1970
1971
1972
Seasonally Adjusted
to: FRB
U.S. Department of Commerce, Bureau of Economic Analysis
6
increase brought the production index
to a level less than one percent below
the peak reached in the summer of
1969. Following that peak, output
declined 8% percent to its cyclical low
in November 1970.
Materials and intermediate products
About half the weight in the industrial production index is assigned to the
output of materials and intermediate
products, i.e.., output to be further
processed in the industrial sector (e.g.,
chemicals, parts for equipment and
consumer goods, most steel) or for use
outside the sector (e.g., aviation fuels,
construction materials). The other half
of the index measures "final products/'
i.e., business and defense equipment
and output destined for consumer
markets.
Materials production increased in the
first half of last year, declined sharply
in the summer and early fall, and has
been rising sharply since then. The
production pattern of durable materials
was significantly distorted by strikes,
threatened or actual, in 1971. The
threat of a steel strike led users to
build strike-hedge inventories, which
boosted production in the first half of
the year and depressed production in
the second half when the inventory
excess was being run off. Output of
durable materials other than steel was
rising slowly in the first half of 1971 but
fell somewhat in the summer. In part,
the summer cutback reflected a railroad
strike which reduced the availability of
freight cars and adversely affected coal
production; a strike in the copper
industry was also a factor.
Aggregate production of durable materials was essentially stable in the fall
of last year, but increased nearly 8
percent during the first four months of
1972. Steel output increased sharply
early this year but has since leveled off,
while the rise in durable materials other
than steel has been steady and strong.
The growth of output of nondurable
materials accelerated in recent months,
primarily because of a stepup in
chemicals production.
The production of intermediate products was also rising strongly in the
SURVEY OF CURRENT BUSINESS
early months of this year, though the
figures for April show a slight decline
in construction products. The output of
intermediate products was only moderately affected by the 1969-70 recession.
Production was rising in the first half of
1971 but the uptrend was interrupted
last summer due to a decline in construction materials output. That decline, however, was not due. to any
real cutback in construction demands
but rather reflected the drop in steel
output subsequent to the steel labor
settlement.
May 1972
one million units at an annual rate)
the biggest advance in 2% years.
Consumer goods production was affected only moderately by the 1969-70
recession. Output fell in late 1969 and
early 1970, but regained most of that
loss by midyear. The recovery was
interrupted in the latter part of 1970
by the auto strike, but resumed in 1971.
Although auto production accounts
for only 6% percent of the consumer
markets production index, the sharp
movements in auto output have a
strong influence on the movement of
the total consumer goods index. Other
Final products
output for the consumer market shows
A strengthening in business equip- considerably milder cyclical swings,
ment production has also been evident with a general uptrend over time.
since late 1971. Output declined 15 percent from its peak in late summer 1969
Hourly Earnings Indexes
to its trough in late 1970—the most
The Bureau of Labor Statistics now
severe contraction since the 1957-58
recession—and was little changed dur- publishes indexes of average hourly
ing most of 1971. Since December, earnings in the private nonfarm econhowever, business equipment output omy adjusted to exclude the effects of
has been rising steadily, if not steeply, interindustry employment shifts and of
seeming to confirm that an upturn in fluctuations in the amount of manucapital investment is underway. New facturing overtime. As a result of these
orders for producers7 capital goods have adjustments, the new indexes give a
been expanding steadily during the closer approximation to the movement
past year and the capital appropriations of hourly wage rates than do other
of manufacturing firms, which declined published series relating to employee
steeply from late 1969 to mid-1971, compensation. The new indexes cover
rose last summer and showed little production and nonsupervisory workers.
change in the fourth quarter—the They are published monthly, seasonally
latest period for which data are adjusted, for the total private nonfarm
economy and for seven major industry
available.
Output of defense-related equipment divisions—manufacturing, mining, condeclined steeply from the summer of tract construction, transportation and
1968 to January of this year, but has public utilities, trade, finance-insurancebeen rising since then. The Federal real estate, and services. Monthly data
budget program published in January are available back to January 1964.
The adjusted earnings indexes are
implies that defense equipment producderived
from data gathered in the
tion is likely to accelerate well into fiscal
monthly
BLS
survey of nonfarm estabyear 1973. The budget proposes an aclishments'
payrolls.
Average hourly
celeration of new weapons programs
under new obligational authority—par- earnings are calculated for industries
ticularly an undersea long-range missile at the three-digit level in the Standard
system and a new addition to the Industrial Classification; examples of
three-digit industries are roofing and
nuclear carrier fleet.
sheetmetal work (part of contract
Consumer goods
construction), office and computing
After virtual stability since last machinery manufacturing, gas comNovember, consumer goods production panies (part of transportation and
rose about 1 percent in April. Much but utilities), and life insurance companies
by no means all of that increase re- (part of finance-insurance-real estate).
flected a surge in auto production. Auto In manufacturing industries, average
output rose 10 percent in April (about hourly earnings are calculated excluding
SUKVEY OF CUERENT BUSINESS
May 1972
overtime; in other industries, however,
separate data on overtime are not
available and overtime pay is therefore
included in average hourly earnings.
The industry hourly earnings figures
are aggregated to industry divisions
(manufacturing, mining, etc.) and to
the private nonfarm total using 1967
manhour weights; that is, the overall
averages are calculated as though the
industry composition of manhours
always remained as it was in 1967.
The resulting hourly earnings figures,
for industry divisions and the private
nonfarm economy, are published as
indexes with the base 1967=100.
CHART 4
Private Nonfarm Sector:
Compensation Per Man-Hour
and Adjusted Hourly Earnings
1967 = 100 (Ratio scale)
160
150
140
Compensation Per
Man-Hour
130
120
no
100
90
so
Percent Change Over Same Quarter One Year Before
10
Although the indexes are adjusted
for interindustry employment shifts at
the three-digit level, they are not adjusted for intraindustry shifts, e.g.,
between typewriter manufacturing and
scale and balance manufacturing, both
of which are components of office and
computing machinery manufacturing,
a three-digit industry.
Relationship
man-hour
to compensation per
The adjusted index of average hourly
earnings in the private nonfarm economy is shown on chart 4 with the index
of private nonfarm compensation per
man-hour. The two measures differ in
both scope and coverage. The hourly
compensation series includes both wages
and salaries and supplements to wages
and salaries as defined in national
income, i.e., employer contributions to
social insurance funds and to private
pension and welfare funds, compensation for injuries paid by employers, and
miscellaneous other items. Also, the
compensation series refers to all workers, including supervisory personnel and
the self-employed; it is calculated
quarterly in conjunction with the estimate of output per man-hour in the
private nonfarm economy. Despite
these differences, the two series have
shown roughly similar movements in
the period for which both are available.
Chart 4 shows that their rates of increase (calculated over four-quarter
spans to reduce random fluctuations)
diverged significantly only in 1966 and
1968. In both those years, there were
major increases in social security taxes
paid by employers, which are included
in compensation per man-hour but not
in the hourly earnings figure.
Relationship to average hourly
earnings
1964
66
68
70
72
Seasonally Adjusted
*Adjusted for interindustry employment shifts and (in manufacturing only)
fluctuations in overtime.
U.S. Department of Commerce, Bureau of Economic Analysis ~
\
n . D, c
Uald. DLo
72-5-4
The index of average hourly earnings
adjusted for interindustry shifts and for
manufacturing overtime has generally
moved very similarly to average hourly
earnings not adjusted for these factors.
The noticeable divergences occurred
in 1966 and in 1970-71, and appeared to
be related to cyclical developments in
the economy.
In 1966, the adjusted index increased
much less rapidly than actual hourly
earnings. This is presumably because in
1966, the peak year of a capital goods
boom, manhours were more heavily
concentrated in industries with high
wage levels and/or above-average rates
of wage change than they were in
1967 — the base year for the earnings
index. Also, there was more manufacturing overtime in 1966 than in
1967. In 1970-71, the opposite was
true. Reflecting the effects of the 1970
recession and the rather sluggish pace
of recovery in 1971, actual hourly
earnings increased less rapidly than the
adjusted earnings index.
Indexes for major industry divisions
Adjusted indexes of hourly earnings
are calculated for seven broad industry
divisions. Though these indexes are far
from pure measures of hourly wage
rates, they nevertheless do shed some
light on the differences among industry
divisions in the behavior of wage rates.
Table 3 splits the period for which
data are available—beginning 1964—
into 3 segments. The first runs from the
first quarter of 1964 through the fourth
quarter of 1968, a period during which
the adjusted hourly earnings index for
the total private nonfarm economy was
rising at an accelerating rate, as shown
by chart 4. The second time segment
runs through the fourth quarter of 1970,
and the third segment runs from the
fourth quarter of 1970 through the first
quarter of 1972. Although the adjusted
index for the total private nonfarm
economy has been advancing at a fairly
uniform rate since the end of 1968, the
indexes for some of the major divisions
behaved very differently after the fourth
quarter of 1970 as compared with the
period from the fourth quarter of 1968
to the fourth quarter of 1970.
Table
3.—Percent Change in Adjusted
Average Hourly Earnings
[Compound annual rate, seasonally adjusted]
Private nonfarm
Mining.__
Manufacturing
Construction
Transportation
and
public utilities. .
Wholesale and retail
trade
Finance, insurance
and real estate
Services
1964-1
to
1968-IV
1968-IV
to
1970-IV
4.7
6.6
6.9
4.8
4.2
5.2
6.4
6.1
9.5
7.6
6.8
7.9
4.4
6.3
10.4
5.1
6.2
6.0
4.4
5.4
6.1
7.3
5.6
5.7
Source: Bureau or Labor Statistics.
1970-IV
to
1972-1
SURVEY OF CURRENT BUSINESS
8
May 1972
CHART 5
More complete data show GNP up $30 % billion in first quarter
In April: The jobless rate remained at 5.9 percent; nonagricultural payroll employment rose 182,000
Wholesale prices increased 0.1 percent; industrial prices rose 0.3 percent
TOTAL PRODUCTION
PRICES
THE LABOR MARKET
Billion $
Million Persons
Percent
1,150
89
16
IMPLICIT PRICE DEFLATOR FOR GNP*
(Change From Previous Quarter)
CIVILIAN LABOR FORCE AND EMPLOYMENT*
1,100 -
12
86
Labor Force
1,050 -
83
1,000 ~
80
Employment
77
950
Quarterly (l)
Monthly (Apr.)
Quarterly (I)
BLS
Billion $
Percent
Percent
40
8
16
30
20
CURRENT DOLL^IR GNP**
(Change From
- Previous
Quarter)
| ^-Final Sales
Total -*"
CHAIN PRICE INDEX FOR GNP**
(Change From Previous Quarter)
UNEMPLOYMEN T RATE*
=
Total ^
6
*-—x^v~
12
Married Men
4
8
***•.„•*
10
i
||
i
4
2
1
0
0
Quarterly (1)
i i i i i i i i i i[ i i i i i 1 1 i j i i i i 1 1 1 1 1 i 1 1 i
Monthly (Apr.)
BEA
Billior i $
Mill* on Persons
850
76
.&* (*•
64
Inventory
Change
i
650
i
l
i
1
1
Quarterly (l)
-
Monthly (Apr.)
Hours
45.0
CONSTANT DOLLAR (1958) GNP**
(Change From Previous Quarter)
Total
\.-*- Final Sales
42.5
r i
37.5
-5
35.0
1970
1971
1972
BEA
Quarterly (l)
* Seasonally Adjusted
* * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysis
140
130
Total
120
130
110
120
100
1 1 1 1 1 1 1 1 1 1 1
»**
/
Retail Food*
1 1 ! t
i iiiii i i fii
1 1 1 1 1 1 1
Monthly (Mar.)
BLS
BLS
[)ollars 1967 = 100
3.75
PRODUCTION 0 R NONSUPERVlSOR^ir
WORKERS (PR VATE)
Average
Weekly Hours*
(left scale)
~-
*<^
v-
1 I 1 11111111
1970
125
WHOLESALE PRICES
/— **
Average Hourly Earnings
(right seale) y~""
40.0
5
0
1967 = 100
^***~**'^
t***^*
Man-Hours**
(right scale)
BEA
Per cent
150
140
60
1
15
10
."
68
Final Sales
700
r^^^^ •""
"Ji*!ffs^
BEA
CONSUMER PRICES
Employment* (left scale)
72
M"1
B Ilions
NONFARM ESTA BLISHMENTS
800
750
III! Ih, 1
Quarterly (l)
160
CONSTANT DOL1.AR (1958) GNP**
1total
0
BLS
3.50
120
3.25
115
3.00
110
_
*
11111i1111i
1971
Monthly (Apr.)
2.75
1972 BLS
105
Farm Products
Processed Foods
and Feeds-^
r "
Total ,
f^^-Jf
&#^\~^
.-*•*** /
Industrial
Commodities
i it iM iiiii
1970
i i i f i 1 i i i it
1971
Monthly (Apr.)
1972 BLS
May 1972
SUEVEY OF CUEEENT BUSINESS
9
CHART 6
In April: Higher wages and salaries accounted for a $4 billion increase in personal income
Domestic-model auto sales edged up; imports were down slightly
Housing starts declined 10 percent; permits increased 3 percent
•
9
•
INCOME OF PERSONS
CONSUMPTION AND SAVING
Billion $
Percent
Billion $
750
950
900
850
„
650
800
_
600
^/
Personal
Consumption Expenditures^x^^
(left scale) ./^
^^~*^
S*
[ 11 1 M 1 t
f 1 M
i iu 11 it i i
It 1 1 1 i 1
Monthly (Apr.)
100
/ Personal Saving Rate
(right scale)
i i i
1
1
ssn
Billion $
- 10
50
_
25
A--'
*--*<*"•
8
•>**]
/
-
1
1
1
6
i
0
•'
"•
•
l
i
l
l
1
1
1
Quarterly (1)
Billion $
100
-
l
BEA
40
35
^
Residential Structures**
1
BEA
PLANT AND EQUIPMENT EXPENDITURES**
RETAIL STORE SALES*
/
.^^
m*
i
Nonresidential Structures**
\
Billion $
WAGES AND SALARIES**
Total
(left scale)
75
\
Quarterly (l)
650
12
^
••*"*»,
BEA
Billion $
600
Billion $
Producers' Durable Equipment**
,
700
f
1 M
14
PERSONAL CONSUMPTION EXPENDITURES **
AND PERSONAL SAVING RATE*
PERSONAL INCOME**
750
FIXED INVESTMENT
Total
90
^^
&""*"
0""" °
~
^^.
550
~ -—^^^^^
-**^
- 200
Manufacturing
(right scale)
_
-
80
-
. ^ ^ ^ v ^ —'
s"~'**' —*
.**•—*
/
500
30 ^^^
*"** **••%.,*•* """""""'
- 150
25
'~~~ /t
_^----'
70
Excluding Automotive Group
, o Expected
450
1 1 1 1 1 1 1 1 M
1
1 M
1 1 1 1 1 M
1
1 1 1 1 1 1 1 1 1
Monthly (Apr.)
M
100
20
t r i i i 1 M i .1 i
Billion $
850
Million Units
10
,••*•
•^i*
-
8
S^
^s
—
~/ ^—/
I
I
I
I
I
I
I
l
|
Million Units
l
l
l
1970
t i l i l | i | | iJ.
1 1 1 1 1 1 f M
t 1
i
t
A/ V
U.S. Department of Commerce, Bureau of Economic Analysis
V\
V
-.5
1
1972
1 1 1 1 1 1 1 1 1
1970
BEA
1
t M
t 1 f 1 1 1 1 1
I M
Monthly (Mar.)
1 1 1 1 1 M
Census
A
jr
2.5
2.0
.
M
1 1 1 M Ll l 1 Ji_L
1971
Monthly (Mar.)
AJ
Startsv
/*<rYr«
I^Jiv*
s~
1
—
PRIVATE HOUSING**
\ /I
1
1 1 1 1 1 1 1 M
Trade Sources & BEA
A
-
V
* * Seasonally Adjusted at Annual Rates
465-441 O - 72 - 2
5
/ \ j£$*
^.\\//**s*^
.^^VA \
xv/Ntf^? \! \
Million Units
3.0
\f\k
\
1971
0
NET CHANGE IN INSTALLMENT . /
CREDIT OUTSTANDING*
A /
Quarterly (l)
* Seasonally Adjusted
6
—
*/+*&
New Orders
1 1 1 1 111111
.5
i
^
\
2
, *^
;rV
Shipments
-J-\..%
\...
_
,j
Billion $
^/^
I
BEA
—
7 -
-
-
Monthly (Apr.)
^-—-"T"*
I
•
i
1.5
2,700
1
Billion $
8
A
Domestic
(left scale) <
/ \ ***/
\ *****^^^
^>*-^if Vvi
~A
A^SJXI
^
/ V^ ^n
Imports
i
(right scale)
6
1.0
1
CAPITAL GOODS MANUFACTURERS*
-
BEA
REAL PER CAPITA DISPOSABLE
PERSONAL INCOME**
2,800 _ (In 1958 Dollars)
1
if
og
9
4
l
Collars
1,900
>,500
1
l
* V
Quarterly (l)
?,600
l
Quarterly (ll)
NEW CAR SALES**
_
750
I
60
1 (
Census
12
800
650
1 1 1 1 1 1 1 M
Monthly (Apr.)
DISPOSABLE PERSONAL INCOME**
700
I I M 1 i J I 1 11
BEA
'ro
1972
1.0 '1* (**f 1 1 1 t t i M
1970
FRB
V
Jj\\ vS*'
. /f*«
i
^
i .0
1 1 1 1 1 1 1 1 1 1
'
^^ Permits
i n i i 1 i 1i i t
1971
Monthly (Apr.
1 1 i 1 1 f M 1 1 I
1972
Census
LO
May 1972
SURVEY OF CURKENT BUSINESS
i
i
^8-J A DT "7
CHAK i /
i1
Exports increased a little more than imp orts in March and the trade defic t narrowi?d slightly
i> In first quarter: Balance of pa;yments df)ficit lower on both the net liquid! ty and olFficial reserve bases
ii
Federal budge t (NIA ba sis) registered a deficit of $13% billion
INVENTORIES
FOREIGN TRANSACTIONS
GOVERNMENT
Billicm $
Billic5 n $
Billion
30
10
200
NET EXPORTS**
CHANGE IN BUSINESS INVENTORIES**
(GNP Basis)
20
160
\
0
10
GOVERNMENT F'URCHASES OF
GOODS AND SE RVICES**
Goods and Sen/ices
5
State and Local
*—
120
\A
_ • ! • • • •_
0
$
—_^—
—*^ --1 Federal Total
\
80
Merchandise \ J\
1
--
"**•••"•««...
Defense
Quarterly (1)
Billior
200
i
-10
-10
i
i
i
BEA
1$
i
i
l
i
t
Quarterly (l)
i
i
l
1
i
1
1
BEA
Quarterly (l)
Billio
1$
280
MERCHANDISE 1[RADE*
FEDERAL BUDG ET**,
(NIA Basis)
5
190
i
BEA
Bil ion $
6
MANUFACTUREIG AND TRADE INVENTORIES*
(Book Value; Erid of Month)
i
40
240
Expend! tures ^... —
180
Total
Exports
4
.^"-^p""**
200
!— •-**^
Receipts
3
170
1 11 n 1 t r i i t
160
1 M 1 11 1 1 1 11
1 1 l 11 l 1 l l 1
Monthly (Mar.)
2
160
Imports
1111 11 i11 M
l i i t i (l 1 i t i
i i l i i 1 i i i it
Monthly (Mar.)
Census & BEA
120
i
Billio n $
Billic> n $
Billic> n $
10
50
80
-
0
-—~~
-25
Long-Term Capital
i l i i t1 i 1 l t l
i l i i t1 i i i ii
Monthly (Mar.)
-10
i
i
l
i
i
i
i
i
i
i
Quarterly (IV)
Census & BEA
Ratk>
-50
- - , -,: ' , - - , -
1.8
^^y^
-
-10
1 1 1 1 1 1 1 1 1 1 1
-15
-.'.„.<V' .'v
''V.„.,()^v-•:" _'
,
,„.„*
..,*«
;
i
I
I
1
1
1
1
BEA
DEFENSE PROC UCTS MANUFACTURERS*
• Net Liquidity
^^ Balance
ft
•
-5 _ Official Reserve***
Transactions
Balance
, , ,- 1 .,- - -
i
3
,.
total Manufacturing
and Trade
x
^>-^--l-*v.
i
4
0
2.2
Manufacturing
1
BEA
Quarterly (1)
BALANCE OF PAYMENTS*
INVENTORY/SALES RATIOS*
' -
1
Bill on $
5
' - ' - ' ;
1
•••I Mil 1
BEA
Bill' o n $
2.6
1.4
0
Current Account and
-5
Trade
111 i11 i11 11
i
Current Account
»»••**""
60
i
25
5
Manufacturing
\
100
i
FEDERAL BUDGET POSITION **
(NIA Basis)
BALANCE OF PAYMENTS*
120
i
Quarterly (1)
140
MANUFACTURING AND TRADE INVENTORIES*
(Book Value, End of Month)
t
Census
S
lipments f.
fs1
j
X
2
\i
New Orders
\ 1
\/
1
Trade
1.0
Ml 1 . h i , Y I
1 1 1 1 1 1 1 1 1 1 1
1970
1971
Monthly (Mar.)
* Seasonally Adjusted
Census & BEl
* * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysis
1972
t
i
1970
i
i
i
i
1971
Quarterly (1)
i
i
i
0
n i 1 1 t 1 1 ii i 1 1 1 t 1 i 1 1 1 i
1970
1972
BE/
1971
Monthly (Mar.)
i i { 1 1 111 1 1
1972
Census
May 1972
•
In April: Industrial production advanced 1 percent
Money supply and bank credit increased further
In first quarter: Corporate profits before tax (including IVA) rose $4 billion
e
•
INDUSTRIAL PRODUCTION
MONEY, CREDIT, AND SECURITIES MARKETS
1967=100
Billion $
130
550
110
Billion $
125
CORPORATE PROFITS AND IVA, BEFORE TAXES**
BANK CREDIT AND MONEY SUPPLY*
—
_j
x**""
Nondurable
Manufactures
..-»***""
. .***"
*-* \
- **""" \/%"** '* v Total
^^
^
^\
^—x^si-"-^
500 _
\
,
_ 240
y*"
-
100
-
S *****
—
Money Supply
(right scale)
450 -
^\
>«^*Bank Credit
400
X
—.
220
75
~
200
50
180
25
f
Total
—-~— -1
—-
(left scale)
>'j£2^
/x
/
"**•'' — - \ V /
100
PROFITS AND COSTS
Billion $
260
INDUSTRIAL PRODUCTION*
120
11
SURVEY OF CUREENT BUSINESS
..x**"x ^
—^*"^
l
"/
Nonfinandal Corporations
—
^x'/\ ^N^
90
\ f Durable*
* Manufactures
1 1 1 1 1 1 1 > 1 1 1 1 l-LLii i i j, I JL
i i i ii 1 ii iii
Monthly (Apr.)
FRB
1967=100
Billion $
6
Steel
~"
•"•"•"•^jn, \ >i^CxX"'" """"**"\ ,< ./
/
'"""Autos i
V \V
;
75 -
4
50
r
i
1 1 M 1 i 1 t 1*4*1
~
-
i t i r ti i\j ii
1 1 ! 1 1i 1 1 1 1 1
Monthly (Apr.)
0
\\
1 1 I 1 1 I 1 , ! 1 1
s^\
1 1 i 1 111 1 111
100
1 1 ! 1 1 i 11 i 1 i
30
75
28
50
26
25
-— ;
i
24
6
~"^*^*s^ Manufacturing
^^
^^f^^- Corporate Aaa (Moody's)
i
60
i
i
1
f
1
I
1
1
Quarterly (1)
16
M i i i t r tiii
2
FRB
0
i i i M i i i ] if
32
00
-
^\jv
<JN/>V/jl
•
-
16
y^ /*
100
X
1972
Census
* * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysis
•
Jr
v
-
8
~
-
1 1 1 1 J 1 1 .i 1 i
1970
M J 11 I 1 I ! 1 1
1971
Monthly (Apr.)
1
': -
1 1 1 1 1 1 1 1 1 1 1
1972
—
:,
i
l
l
on
Monthly (Mar.)
BIS
Standard and Poor's 500
60
* Seasonally Adjusted
.
\Jf'
^V-'*V*
f
New Orders
1971
=
UNIT LABOR COSTS, PRIVATE ECONOMY**
(Change From Previous Quarter)
STOCK PRICES
24
1970
1
BEA
Quarterly (1)
24
Shipments
1
-8
Percent
-
1
iJliJ
"; • ,i
140
120
1
\i a . _
Monthly (Apr.)
DURABLE GOODS MANUFACTURERS*
1
1Irilj
1941-43 = 10
.
1.
1-
40
-
' 1
COMPENSATION AND REAL OUTPUT PER MAN-HOUR,
PRIVATE ECONOMY**
_ (Change From Previous Quarter)
_
Billion $
36
i
8
..
K1
11111111111
i
—
***
,«»•***"**"**"*
Compensation
\ Output
/
4
70
-
—
Quarterly (l)
INTEREST RATES AND BOND YIELD
\^^^^T
\
\
90-Day
s/xv v
/ \\ Commercial Paper
3-Month XX
Treasury Bills *
'
jr •
FRB
Percent
80
^
_Prof its After Tax
10
8
1
BEA
;.
Percent
-
f
-
Percent
»
I
1
Billion $
125
100
90
I
Cash Flow After
^* *»
Dividendsx^-^"^
Monthly (Apr.)
RATIO, OUTPUT TO CAPACITY*
I
Quarterly (1)
32
A/
^A
v^'Net Free Reserves
j
(left scale)
.......
\
A—/
**..***
^l...n /*"*
-2
i
CORPORATE CASH FLOW AND PROFITS**
Total Reserves*
(right scale)
FRB
i
FRB
Billion $
2
l/V
|
i
BANK RESERVES
c
100
Mil
34
INDUSTRIAL PRODUCTION*
-
1 1 1 1 f 1
Monthly (Apr.)
150
125
1 t i I l 1 M i l1
i 1 ! 1 i ! M 1 i 1
350
• i • 1.
1
-8
1970
1971
Quarterly (1)
1972
BLS
SURVEY OF CURRENT BUSINESS
12
May 1972
NATIONAL INCOME AND PRODUCT TABLES
1970
1970
1971
1972
1971
IV
II
III
IV
1970
1970
1971
rv
1971
ii
1972
in
rv
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Billions of current dollars
Billions of 1958 dollars
Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
Gross national product
Personal consumption expenditures
Durable goods _
Nondurable goods
Services..
.
_
.
Gross private domestic investment _
Fixed investment
Nonresidential. .
.
. .
Structures
Producers' durable equipment
Residential structures
Nonfarm
Farm
C hange in business inventories
Nonfarm
Farm
_
...
.
_. ..
Net exports of goods and services
Exports
Imports
_
.
.
.
... ...
Government purchases of goods and services
Federal „ ...
National defense.
Other
State and local
.
.
.
.
974 1 1 046 8
988 4 1 020 8 1 040 0 1 053 4 1 072 9
1103 6
720 0
739 4
715 9
729 7
735 8
740 7
751 3
761 6
615.8
662 1
624 7
644 9
657 4
668 8
677 2
691 8
475 9
491 8
474 2
484 8
489 4
494 3
498 9
505 1
88 6
264 7
262.5
100 5
278 6
282 9
84 9
270 9
268 9
96 6
273 2
275 0
99 1
277 8
280 5
102 8
280 2
285 8
103 6
283 3
290 3
107 6
288 0
296 2
81 4
207 3
187 2
89 5
211 4
190.9
76 6
209 7
187 9
85 9
210 0
188 9
87 8
211 5
190 1
91 2
211 6
191 4
93 0
212 7
193 2
95 5
214 3
195 3
135 3
151 6
137 3
143 3
152 9
150 8
159 4
168 3
102 2
108 5
101 2
104 3
110 0
106 7
112 9
116 5
132 6
149 3
133 6
140 2
148 3
152 0
157 0
167 7
99 9
106 3
98 1
101 8
105 9
107 2
110 5
116 2
102 1
36 8
65 4
108 7
38 2
70 5
100 8
37 1
63 7
104 7
36 7
68 1
108 3
38 5
69 8
109 3
38 7
70 6
112 6
39 0
73 6
118 7
39 8
78 9
78 6
24 2
54 4
79 3
22 4
56 9
75 5
23 5
52 0
77 7
22 6
55 0
79 i
22 9
56 2
78 9
22 1
56 8
81 5
22 1
59 3
84 8
21 9
59 9
30 4
29.7
6
40.6
40.1
5
32 8
32 2
6
35 4
35 0
4
40 0
39 5
5
42 7
42 1
6
44.4
43.8
6
49 0
48 4
6
21.3
20.9
4
27.0
26.7
4
22 6
22 2
4
24 1
23 8
3
26 7
26 4
3
28 3
27 9
4
29 0
28 6
4
31 4
31 0
4
28
25
3
2.2
17
5
37
33
4
31
29
2
46
41
5
—1 2
20
g
2.4
20
5
6
1
4
2.3
20
3
2.1
17
.5
31
28
4
25
23
2
41
3e
5
— 5
—12
7
24
19
5
3
-i
4
3.6
.0
2.7
47
1
o
—4.6
—6 2
2.4
—.1
21
30
— 5
1 —3.0
—4 1
62 9
59 3
65.3
65.3
63 2
60 5
66 2
61 5
66 5
66 4
68 2
68 2
60.4
65.0
69 2
75 4
52 2
49.8
52.1
52.2
51 9
49 8
52 9
49 8
63 1
53 7
54 5
64 4
47.7
50.8
54 0
58 0
219 4
233 0
223 7
227 9
229 6
233 8
240 8
249 6
139 4
139 2
138 3
137 6
137 0
139 6
142 6
144 1
97.2
75.4
21.9
97.6
71.4
26.2
95 9
73 2
22.7
96 4
72 6
23 7
96 0
71 4
24 6
97 6
70 2
27 4
100.3
71.4
28.9
104 9
75 8
29.0
65 4
62.2
63 2
61 3
60 7
62 7
64.0
64 2
122.2
135.5
127.9
131 6
133 6
136 2
140 5
144 8
74.0
77.0
75 2
76 3
76.3
76 8
78.6
79 9
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product
Final sales
Change in business inventories
Goods output.
974.1 1,046 8
. . ...
Final sales
_
C hange in business inventories _.
Durable goods
Final sales
C hange in business inventories ..
Nondurable goods.
Final sales
Change in business inventories ,
Services
Structures
__ ._
.
...
1103 6
720 0
739.4
715.9
729 7
735.8
740.7
751.3
761.
971 3 1 044 5 984 7 1 017 7 1 035 4 1 054 6 1 070 4 1103 0
6
28
37
31
46
2.4
22
—1 2
717 7
2 3
737.3
2.1
712 8
3.1
727 2
2 5
731.7
4.1
741.2
— .5
748.9
2.4
761.
988 4 1,020 8 1 040 0 1,053 4 1, 072. 9
468 3
494 3
467 7
485 5
490 8
496 2
504 5
517 3
383 0
393.6
376 7
388 1
390 2
394 4
401.6
407.
465.5
2.8
492.0
2.2
464.0
3.7
482 4
31
486 2
46
497 4
-1 2
502.0
2.4
516 8
.6
380.7
2.3
391.5
2.1
373.6
3.1
385.6
2.5
386.1
4.1
394.9
—.5
399.3
2.4
406.
180 2
180.8
—.6
194.1
193.7
.4
169 7
173.1
-3.4
192 8
189 4
35
193 0
190 6
2.3
193 9
196 4
-2 5
196.6
198.4
—1.8
208 1
207.9
.2
156.1
156.8
—.6
163.9
163.4
.5
144.4
147.5
-3.1
162.4
159.6
2.8
162.3
160. 2
2.2
163.7
165.3
-1.6
167.1
168.4
-1.4
174.
174.
288.1
284.7
34
300.2
298.3
1.9
297.9
290.9
71
292 7
293.1
— 4
297 8
295.5
23
302 3
301.0
13
307.9
303.6
4.3
309 2
308.8
3
226.9
223.9
3.0
229.7
228.1
1.6
232.3
226.1
6.2
225.7
226.0
—.3
227.8
225.9
2.0
230.7
229.6
1.1
234.6
230.8
3.7
232.
232.
410 3
443.3
420 6
432 3
441 0
446 3
453.6
465.0
273.4
278.6
274.5
276.2
278.4
278.9
280.8
283.
95 5
109.2
100 1
102 9
108 2
110 8
114.7
121.3
63.6
67.2
64.7
65.4
67.2
67.3
68.8
71.
Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product . .
Private
Business
Nonfarm
Farm
Households and institutions.. ..
Rest of the world.
General government .
974 1 1 046 8 988 4 1 020 8 1 040 0 1 053 4 1 072 9 1103. 6
720.0
739.4
715.9
729.7
735.8
740.7
751.3
761.
859.8
922.7
871.6
899 2
916.9
928.9
945.9
971.6
659.4
678. 3
655.4
668.9
674.9
679.4
689.8
699 J
823 4
795 2
28.2
880 7
850 7
30.0
833 5
806 4
27.1
859 2
831 1
28 1
874 6
845 7
28.9
886 9
856 1
30 8
902.1
870.0
32.0
927.4
895.3
32.1
638.5
614.6
23.9
655.3
629.7
25.6
634.1
609.2
24.9
646.6
621.7
24.9
651.4
626.4
25.0
656.9 666.3
630. 1 640.7
25.6
26.8
676. (
653.
23.
31 7
35 5
33 0
34 2
35 0
35 9
36.8
38.0
17.0
17.8
17.1
17.6
17.7
17.8
18.1
4.6
6.5
5.1
58
7.3
6.0
7.0
6.2
4.0
5.2
4.2
4.7
5.8
4.7
5.4
4.
114 4
124.0
116 8
121 5
123 1
124 5
127.0
132.0
60.6
61.1
60.5
60.8
60.9
61.3
61.5
61.
HISTORICAL STATISTICS
National income and product data for 1929-63 are in The National Income and Product Accounts of the United States, 1929-1965,
Statistical Tables (available at $1 from Commerce Department Field Offices or the Superintendent of Documents; see addresses inside
front cover). Each July SURVEY contains preliminary data for the latest 2 years and final data for the preceding 2. The July 1971 issue has
data for 1967-70. Prior July issues have final data as follows: 1964-65, July 1968; 1965-66, July 1969; 1966-67, July 1970. BEA will provide
on request a reprint of final data for the years 1964-67.
18.
SUBVEY OF CURRENT BUSINESS
May 1972
1970
1970
1971
1972
1971
I
IV
II
13
III
IV
1970
I*
1970
1971
Seasonally adjusted at annual rates
87.6
Equals: Net national product- 386. 5
Less: Indirect business tax
and nontax liability. . 92.9
Business transfer pay3.9
ments.
Statistical discrepancy _ -4.5
95.2
92.0
89.8
93.9
,053.4 1,072.9] ,103.6
96.2
98.7
928.8
946.1
957.2
974.2 ]1,002. 4
95.8
99.0
100.2
103.0
106.2
107.9
4.3
-4.7
4.4
-5.8
4.5
-7.2
4.3 4.1
-4.9 -1.6
4.2
-4.3
4.2
-4.9
1.7
795.9
Less: Corporate profits and
inventory valuation
adjustment
Contributions for social
Wage accruals less dis-
1.8
.7
.7
.7
1.5
851.1 802.1
831.7
847.3
855.2
870.1
898.7
86.0
81.0
69.0
79.5
82.5
80.0
82.0
57.6
65.2
58.5
64.0
64.6
65.4
66.6
71.5
.0
.0
.0
.0
.0
.0
.0
-1.7
803.6
90.4
80.7
83.7
92.2
92.5
93.3
95.0
31.9
25.5
32.4
25.0
31.8
25.6
31.4
25.4
32.2
25.7
32.2
25.3
31.9
25.8
4.3
4.1
4.2
4.2
4.3
4.4
4.5
857.0 816.7
833.5
853.4
864.6
876.7
900.1
Billions of current dollars
1
30.6
Personal consumption ex28.0
penditures
Producers' durable equipment
_ - --- 4.9
Change in dealers' auto
-.9
inventories
_ _
-1.8
2.0
3.7
40.6
22.0
42.1
39.8
42.1
38.4
39.3
35.3
23.5
33.9
34.4
36.8
36.1
36.1
6.2
New cars, domestic 2 _ _ _ _ _ - _ . 26.0
New cars, foreign
6.3
Gross auto product 1- .
28.3
Personal consumption exProducers' durable equipChange in dealers' auto inventories
541.4 574.2 547.2 561.4 571. 0 577.3 587.0
607.3
426.6 450.4 429.9 440.3 448.4 452.3 460.3
19.4 18.6 18.6 19.2 18.6 18.0 18.6
95.5 105.2 98.6 101.8 104.0 106.9 108.1
475.6
19.9
111.8
Private
Military
Government civilian
Supplements to wages and salaries. _ 60.5
Employer contributions for social
29.6
F
roprietors* income
c
67.7
62.1
65.9
67.0
68.3
69.6
72.6
34.0
30.1
33.3
33.6
34.2
35.0
37.4
30.8
33.7
32.0
32.6
33.4
34.1
34.6
35.2
66.9
68.3
65.9
66.4
67.2
69.2
70.5
71.2
: . .51.0
.
15.8
52.1
16.3
51.5
14.4
51.6
14.8
51.9
15.2
52.3
17.0
52.5
18.1
52.6
18.7
23.3
24.3
23.7
23.8
24.2
24.5
24.6
24.8
.-
Business and professional
Farm
orporate profits and inventory valuation adjustment.
70.8
81.0
69.0
79.5
82.5
80.0
82.0
86.0
Profits before tax
75.4
85.4
71.6
83.0
86.9
85.8
86.0
91.6
34.1
41.2
25.0
16.2
37.8
47.6
25.5
22.1
32.3
39.2
25.0
14.3
38.3
44.8
25.6
19.2
39. 1 37.5
47.8 48.2
25.4 25.7
22.4 22.5
36.4
49.7
25.3
24.4
39.3
52.3
25.8
26.5
-4.0
-5.6
36.4
36.9
Profits tax liability
Profits after tax
Dividends
Undistributed profits
_
.. _
Inventory valuation adjustment
. -4.5 -4.4 -2.6 -3.5 -4.4 -5.8
*Jet interest
33.0
35.6
34.2
34.8
35.4
35.9
6.1
6.5
6.4
6.4
1.3
1.4
-1.6
-6
-2.6 -2.3
2.6
1.4
5.2
3.7
-2.2
2.6
4.8
-2.3
2.7
5.0
-3.0
2.9
5.8
-2.9
2.2
5.1
-3.0
2.7
5.7
17.1
6.5
36.7
7.9
34.1
8.2
37.6
7.8
33.4
7.4
34.0
8.4
35.2
All industries, total
ifinancial institutions
35.1 ' ]
36.1
19.6
36.8
34.7
37.5
32.3
25.9
31.3
21.1
29.5
29.9
32.7
33.1
4.6
5.6
3.7
5.3
5.3
5.8
5.9
5.8
1.2 -3.4
3.8
1.4
-1.5
-.5
2
17
9 fi
2.6
5.3
2.0
4.6
27
2.4
5.0
34.4
7.0
31.4
7.0
31.0
7.3
1 7
O A
o o
o o
1.9
3.6
2.4
4.7
1.3
3.5
2.4
4.4
1.2
21
2.4
4.6
. . . _24.7
6.0
32.3
7.1
15.8
6.0
32.9
7.1
30.5
7.3
-.9
1. The gross auto product total includes government purchases.
2. Differs from the gross auto product total by the markup on both used cars and foreign
cars.
*First quarter corporate profits (and related components and totals) are preliminary and
subject to revision next month.
898.7
24.5 25.4 23.3 23.9 24.4 26.1 27.1
49.4 51.8 50.3 50.6 51.8 51.9 52.8
217.7 226.9 210.1 224.4 227.3 225. 4 230.2
87.4 91.8 87.8 89.8 91.6 92.4 93.2
130.3 135.1 122.4 134.6 135.7 133.1 137.0
1transportation
29.5 32.3 30.0 31.9 32.1 32.3 32.7
Communication
16.9 37.4 17.3 17.4 17.5 16.7 17.8
i 51ectric, gas, and sanitary services
14.4 15.8 14.8 15.2 15.6 16.1 16.2
Wholesale and retail trade
122.1 131.6 124.7 126.9 131.0 133.6 135.0
^
87.0 94.4 90.9 92.4 93.8 95.6 96.0
finance, insurance, and real estate
iservices
103.2 111.6 106. 2 108.8 110.4 112.8 114.5
( Government and government enterprises
126.5 137.5 129.4 134.5 136.1 138.7 140. 7
]Rest of the world
7.0
6.0
7.3
6.5
5.1
4.6
5.8
6.0
35.4
7.8
795.9 851. 1 802.1 831.7 847.3 855.2 870.1
All industries, total .
Agriculture, forestry, and fisheries
fining and construction
.__
] VL anuf acturing
Nondurable goods
Durable goods
. ..
4.1
Addenda:
679.9
Wages and salaries
4.1
Billions of 1958 dollars
New cars, domestic 2 _
New cars, foreign.
898.7
601.9 641.9 609.3 627.3 638.0 645.6 656.6
1.3 -3.6
Addenda:
Exports
795.9 851.1 802.1 831.7 847.3 855.2 870.1
Table 7.—National Income by Industry Division (1.11)
Table 5. — Gross Auto Product in Current and Constant Dollars
(1.15, 1.16)
Net exports
Exports
Imports..
I*
_
Btental income of persons .
70.8
Plus: Government transfer
payments to persons- . 75.6
Interest paid by government (net) and by
31.7
consumers
25.0
Dividends
Business transfer pay3.9
Equals: Personal income
1.7
1.0
IV
ompensation of employees
Other labor income
Plus: Subsidies less current
surplus government
enterprises
-
Gross auto product
c
101.2
951.6 898.6
102.1
III
Table 6.—National Income by Type of Income (1.10)
National income
Less: Capital consumption
allowances
II
Billions of dollars
Table 4.—Relation of Gross National Product, National Income,
and Personal Income (1.9)
974.1 1,046.8 988.4 1,020.8 1,040.0
I
IV
1972
Seasonally adjusted at annual rates
Billions of dollars
Gross national product
1971
fable 8. — Corporate Profits (Before Tax) and Inventory Valuation
Adjustment by Broad Industry Groups (6.12)
M anuf acturing
Nondurable goods
Durable goods
_
Transportation,
communication,
and public utilities
A.11 other industries
70.8
81.0
69.0
79.5
82.5
80.0
82.0
86.0
12.8
14.0
14.0
14.2
13.7
14.2
14.0
14.1
58.1
67.0
54.9
65.3
68.9
65.8
68.1
71.9
29.5
16.6
13.0
34.2
17.9
16.3
25.0
16.2
8.8
34.4
17.2
17.2
35.0
18.1
17.0
33.0
18.1
14.8
34.6
18.3
16.2
8.0
20.5
8.5
24.2
8.1
21.9
8.4
22.5
8.5
25.3
8.5
24.3
8.8
24.7
Wages and Salaries
Wages and salaries as measured in personal income are on a
cash or receipts basis, and the figures for first quarter 1972
incorporate disbursements of pay increases approved retroactively by the Pay Board. Wages and salaries are measured in
national income on an accrual basis and the first quarter 1972
figures include estimates of the amount of the retroactive pay
earned in the quarter. The 1971 figures for wages and salaries in
national income have not yet been revised to incorporate the
accrual of the earnings paid retroactively in 1972.
SURVEY OF CURRENT BUSINESS
14
1970
1970
1971
1971
I
IV
II
May 1972
1972
III
IV
1970
I*
1970
1971
Seasonally adjusted at annual rates
541.6 580.9 544.3 567.9 578.2 583.0 594.6
616.5
56.2
61.9
58.0
59.4
61.0
62.7
64.4
66.3
52.2
66.9
53.4
55.3
55.7
57.3
59.1
59.9
366.0 386.0 367.9 377.9 384.5 387.4 394.3
324.2 339.9 325.2 333.1 338.8 340.9 346.9
41.8 46.1 42.7 44.8 45.7 46.5 47.4
Net interest
Corporate profits and inventory
valuation adjustment.
Profits before tax.
Profits tax liability
Profits after tax
- Dividends
..Undistributed profits
Inventory valuation adjustment- Cash flow, gross of dividends
Cash flow, net of dividends
Gross product originating in
financial institutions
66.0 75.2 64.0 74.2 75.9 74.7 75.7
70.6 79.6 66.6 77.8 80.3 80.5 79.7
34.1 37.8 32i3 38.3 39.1 37.5 36.4
36.4 41.8 34.3 39.6 41.2 42.9 43.4
22.8 22.7 22.7 23.1 22.2 23.2 22.3
13.6 19.1 H.6 16.4 19.0 19.8 21.1
-4.5 -4.4 -2.6 -3.5 -4.4 -5.8 -4.0
80.7
86.4
39.3
47.1
23.4
23.7
-5.6
113.4
90.0
1.0
1.0
1.0
1.0
92.6 103.6
69.8 80.9
92.3
69.6
99.0 102.1 105.6 107.8
75.8 79.9 82.4 85.6
27.9
26.9
27.6
25.4
27.7
28.3
Cash flow, gross of dividends
Cash flow, net of dividends
28.1
28.7
Personal income. -
oeq A
QCA C
ft7R 7
Qnn l
574.2
205.7
160 8
138 8
105 9
123 8
547.2
198.4
155 1
131 8
99 7
117 3
561.4
202.5
158 9
135 3
102 6
121 0
571.0
205.7
160 7
137 9
104 9
122 6
577.3
205.6
160 5
139 6
107 1
125 0
587.0
209.0
608.9
216.2
•ICO
0
IfiR Q
142 4
108 9
126 7
148 1
112 4
132* 3
803 6 857 0 816 7 833 5
Wage and salary disbursements
541.4
Commodity-producing industries.. 200.7
Manufacturing
158 3
Distributive industries
129.1
Service industries .
96 7
Government _
114 8
Other labor income
30 8
33 7
32 0
32 6
33 4
34 1
34 6
35 2
Proprietors' income..
Business and professional
Farm
._
66 9
51 0
15 8
68 3
52 1
16 3
65 9
51*5
14 4
66 4
51 6
14 8
67 2
51 9
15 2
69 2
52 3
17 0
70 5
52 5
18 1
Rental income of persons
Dividends
Personal interest income .
23 3
25 0
64 7
24 3
25 5
67 5
23 7
25 0
66 7
23 8
25 6
66 6
24 2
25 4
66 7
24 5
25 7
68 1
24 6
25 3
68 6
71 2
52 6
18 7
24 g
25*8
68 7
Transfer payments
Old-age, survivors, disability, and
health insurance benefits ,
State unemployment insurance
benefits. .
Veterans benefits _
Other
79 6
94 7
84 8
87 9
96 4
96 9
97 7
99 5
38.5
44.8
39.4
40.7
47.0
45.6
45.9
46 6
39
9.7
27.4
58
11.5
32 6
5.1
10.4
29.8
50
11 0
31 1
61 63
11.4 11 5
31.9 33 4
6.0
11.9
34.0
57
12 0
35 3
Less: Personal contributions for
social insurance. .. .
.. . 28.0
31 2
28.4
30 7
31 0
31.7
34 2
31 3
587.8
59.3
55.7
57.0
58.5
60.1
61.8
63.5
Equals: Disposable personal income... 687.8 741.3 701.5 722.0 739.6 748.5 755.0
764.3
49.9
54.2
50.9
52.8
53.2
54.6
56.4
57.1
633 7 680 7 643.0 663.3 676 0 687.6 696.0
Less: Personal outlays
Personal consumption expenditures.. 615.8 662.1 624.7 644.9 657.4 668.8 677.2
16.9 17.7 17.4 17.6 17.7 17.8 17.9
Interest paid by consumers
Personal transfer payments to for.9
.9
.9
.9
.9
1.0
.9
eigners
710 8
691.8
18.0
448.3
467.2
369.8
325.7
44.1
383.4
337.1
46.3
16.8
17.2
53,3 61.1 50.0 60.1 62.3 60.5 61.8
57.8 65.6 52.6 63.6 66.7 66.3 65.8
27.1 30.6 24.8 30.9 32.1 30.2 29.2
30.7 35.0 27.8 32.7 34.6 36.0 36.6
21.1 20.9 20.9 2i3 20.4 21.3 20.5
9.6 14.1 6.9 11.4 14.1 14.7 16.1
-4.5 -4.4 -2.6 -3.5 -4.4 -5.8 -4.0
66.6
72.3
32.1
40.2
21.5
18.6
-5.6
94.3
73.4
83.5
62.7
89.8
68.5
93.0
72.6
96.1
74.8
98.3
77.8
103.7
82.2
Billions of 1958 dollars
458.8
Personal saving rate ,3 percent
Current dollar cost per unit of
1958 dollar gross product
originating in nonfinancial
1.215 1.264 1.242 1.253 1.264 1.271 1.270
corporations 2
1.281
.136
.134
.132
.134
.138
.139
.138
.117
.810
.035
.124
.828
.037
.122
.829
.037
.122
.822
.036
.122
.828
.037
.125
.832
.038
.126
.829
.038
.125
.836
.037
.140
.070
.120
.059
.139
.072
.143
.074
.139
.069
.138
.065
.145
.070
.070
.060
.068
.069
.069
.073
.075
*See footnote on page 13.
1. Excludes gross product originating in the rest of the world.
2. This is equal to the deflator for gross product of nonfinancial corporations, with the decimal
point shifted two places to the left.
3. Personal saving as a percentage of disposable personal income.
531.5 550.6 532.5 542.7 550.5 553.2 556.1
3,358 3,581 3,410 3,500 3,577 3,611 3, 633
2,595 2,660 2,588 2,631 2,663 2,669 2,676
558.0
3,670
2,679
60.5
8.2
58.5
8.3
58.6
8.1
63.6
8.6
61.0
8.1
7.8
7.0
Table 11.—Personal Consumption Expenditures by Major Type (2.3)
Personal consumption expenditures
- - 615.8 662.1 624.7 644. 9 657.4 668.8 677.2
691.8
88.6 100.5 84.9
96.6
99.1 102.8 103.6
107.6
46.2
39.6
14.7
43.8
38.8
14.0
45.3
39.4
14.5
47.6
40.8
15.2
48.7
43.6
15.4
264.7 278.6 270.9 273.2 277.8 280.2 283.3
288.0
131.8 136.5 134.3 134.4 136.3 137.3 138.1
52.6 57.0 54.2 55.4 57.0 57.4 58.0
22.9 24.4 23.5 23.8 23.8 24.5 25.4
57.5 60.8 59.0 59.6 60.8 61.0 61.8
140.7
59.0
25.4
62.9
262.5 282.9 268.9 275.0 280.5 285.8 290.3
296.2
91.2 99.7 94.1 96.5 98.7 100.7 102.8
36.1 39.2 36.9 37.7 38.9 39.9 40.5
17.9 19.1 18.3 18.6 19.0 19.2 19.6
117.3 124.9 119.5 122.3 124.0 125.9 127.4
104.8
41.2
20.0
130.2
37.1
Automobiles and parts.
Furniture and household equipment. 37.4
14.2
Other
Food and beverages
Clothing and shoes
Gasoline and oil
Other
.127
1.0
53.5
7.9
Nondurable goods
Dollars
Corporate profits and inventory valu.125
ation adjustment
_
.064
Profits tax liability
Profits after tax plus inventory valuation adjustment... .062
Addenda:
Disposable personal income :
Total, billions of 1958 dollars
Per capita, current dollars.
Per capita, 1958 dollars
135 7
59.0
54.1
Equals : Personal saving
Durable goods
Gross product originating in
425.0 437.3 416.7 431.3 435.6 436.5 446.0
nonfinancial corporations
I
54.1
_. 84.8
63.7
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies.
Compensation of employees
Net interest
IV
Less: Personal tax and nontax payments
115 9 115 8 115.2 111 6 113 8 116 0 121.7
Income originating in nonfinancial
412.2 439.4 410.7 430.5 438.8 440.0
corporations
344.2 362.0 345.4 354.7 360.6 363.1
Compensation of employees
305.2 319.2 305.6 313.0 318.1 319.9
Wages and salaries .
39.0 42.9 39.8 41.7 42.5 43.2
Supplements
.
14.8 16.2 15.4 15.7 16.0 16.4
Net interest
.
Corporate profits and inventory
valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
_ ._ .
Undistributed profits
Inventory valuation adjustment-
408.6
358.8
49.7
1.1
1.0
Gross product originating in
516.2 553.0 517.4 540.3 550.5 554.7 566.5
nonfinancial corporations
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies
490.4
1.0
1.1
III
Table 10.—Personal Income and its Disposition (2.1)
Income originating in corporate business
433. 1 462.2 432.9 453.1 461. 5 463.1 471.1
Compensation of -employees
Wages and salaries
Supplements
_ ._
II
Billions of dollars
Table 9.—Gross Corporate Productl (1.14)
Gross corporate product
I
IV
1972
Seasonally adjusted at annual rates
Billions of dollars
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies
1971
Services
-
-
Housing
Household operation
.
Transportation
Other
-
32.7
37.6
14.6
Table 12.—Foreign Transactions in the National
Product Accounts (4.1)
48.2
39.6
15.1
Income and
Receipts from foreigners
63.8
66.1
64.0
66.9
87.3
68.9
61.1
69.9
Exports of goods and services
62.9
65.3
63.2
66.2
66.5
68.2
60.4
69.2
Capital grants received by the United
States..
Payments to foreigners
-
Imports of goods and services
Transfers to foreigners
Personal
Government
Net foreign investment
-
.9
.7
.9
.7
.7
.7
.7
.7
63.8
66.1
64.0
66.9
67.3
68.9
61.1
69.9
59.3
65.3
60.5
61.5
66.4
68.2
65.0
75.4
3.1
.9
2.2
3.4
.9
2.5
3.3
.9
2.4
3.1
.9
2.2
3.4
.9
2.5
3.7
1.0
2.7
3.5
.9
2.6
3.8
1.0
2.8
1.3 -2.6
.2
2.3 -2.5 -3.0
-7.4
-9.2
SURVEY OF CUEEENT BUSINESS
May 1972
1971
1970
1970
1971
IV
I
II
15
1972
III
IV
1970
I*
1970
1971
IV
Seasonally adjusted at annual rates
191 5 198 8 189 3 196 5 197 7 197 8 203 0 222 1
Federal Government expenditures
92.2
30 6
89.0
33 6
91.0
29 o
86.6
34 1
87.6
34 8
19 3
49.3
20 3
56.0
19 4
49.8
20 7
55.1
19 9 19 7
55! 5 56.1
88.8
33 2
93.0 105.4
32 i 34 6
20 7
57.2
20 3
61.8
205.1 221.9 209.8 212.7 221.4 224.6 228.7 235.5
Purchases of goods and services
National defense
Other
97.2
75 4
21 9
97.6
71 4
26 2
95.9
73 2
22' 7
96.4
72 g
23 7
96.0
71 4
24 6
97.6 100. 3 104.9
70 2 71 4 75 8
27 4 28 9 29 o
Transfer payments
To persons
To foreigners (net)
63.4
61 2
2 2
75 9
73 4
25
67 5
65 0
2 4
69 6
67 4
2 2
77 8
75 3
2 5
78 0
75 3
2 7
78 1
75 6
26
79 4
76 6
2 8
Grants-in-aid to State and local governments
24 4
29 6
25 9
27 0
29 5
30 2
31 6
32 2
Net interest paid
14 6
13 7
14 8
14 0
13 3
13 9
13 8
13 1
. .
Subsidies less current surplus of government enterprises
55
51
57
58
48
48
49
58
Less : Wage accruals less disbursements
.0
.0
.0
0
0
0
0
o
Surplus or deficit (-), national
income and product accounts. ... -13.6
-23.1 -20.5
-16.2
-23.7
-26.7
-25.7
-13.3
Table 14.—State and Local Government Receipts and Expenditures
(3.3, 3.4)
Personal tax and nontax receipts
Corporate profits tax accruals .
Indirect business tax and nontax
accruals
Contributions for social insurance
Federal grants-in-aid
133.4
151.7 138.5
23.6
35
26.8
43
24.2
73 6
8.3
24 4
81.8
9.2
29 g
76 4
8.7
25 9
0
0
.5
2.8 -1.3
25.0
42
26.3
4 3
27.2
4 3
28.7
43
30.3
4 7
78 3
•8.9
27 0
80 4
9.1
29 5
83 3
9.3
30 2
85 5
9.5
31 6
87 6
9.7
32 2
-.8
2.8
4.6
4.8
4.4
_
Personal saving
Undistributed corporate profits
Corporate inventory valuation adjustment.
Corporate capital consumption
allowances
Noncorporate capital consumption
allowances .
Wage accruals less disbursements.—
Gross national product.
135. 29 141.57 138.07 139. 88 141. 34 142. 21 142.80 144.90
Durable goods
Nondurable goods.
Services
108.9 112.4 110.8 112.5 112.9 112.7 111.4 112.7
127.7 131.8 129.2 130.1 131.4 132.4 133.2 134.4
140.2 148.2 143.1 145.6 147.5 149.3 150.3 151.6
Gross private domestic investment
Fixed investment
132.6 140.4 136.2 137.7 140.0 141,7 142.1 144.4
Nonresidential
130.0 137.1 133.6 134.9 136.8 138.4 138.2
Capital grants received by the United
States
Gross investment
58 5
14.3
58 6
19.2
63 6
22.4
61 0
22.5
—4 5 —4 4 —2 6 —3 5 —4 4 —5 8
59 0
24.4
53 5
26.5
4 0 —5 6
56 2
61 9
58 0
59 4
61 0
62 7
64 4
31 4
.0
33 3
.0
31 8
.0
32 6
.0
32 9
.0
33 6
.0
34 2 34 9
.0 -1.1
Government surplus or deficit (— ),
national income and product
accounts
-13.1
Federal
State and local
60 5
22.1
-13.6
-20.3
5
.9
-21.7
Residential structures Nonfarm
Farm
_
_
_
.9
-17.1
-20.9
Change in business inventories
Net exports of goods and services
Exports.
Imports
-_ .
.
120.6 125.5 121.7 125.2 125.2 125.2 126.5 128.3
119.2 125.2 121.5 123.4 123.8 125.5 128.0 129.9
Government purchases of goods and
157.3 167.4 161.7 165.6 167.6 167.5 168.8 173.3
services
.7
136.6 148.9 137.5 145.6
*See footnote on page 13.
-4.5
—4.9 -1.6
148.6 156.9 151.8 157.2 158.1 155.6 156.7 163.3
165.1 175.9 170.2 172.4 175.2 177.3 178.7 181.3
Table 17.—Implicit Price Deflators for Gross National Product by
Major Type of Product (8.2)
.7
.7
.7
7
150 3 147 8 152 1 159 1
—4.3 -4.9
135.29141.57 138.07 139.88 141.34 142.21142.80 144.90
135.3 141.7 138.2 139.9 141.5 142.3 142.9 144.9
Gross national product.
Final sales.-
122.3 125.6 124.1 125.1 125.8 125.8 125.6 127.1
Goods output..
115.4 118.4 117.5 118.7 118.9 118.4 117.7 119.2
127.0 130.7 128.3 129.7 130.7 131.0 131.3 133.0
Durable goods
Nondurable goods...
Services
150.1 159.1 153.2 156.5 158.4 160.0 161.5 164.2
Structures
150.2 162.5 154.9 157.3 161.1 164.6 166.7 170.0
Addendum:
107.9 112.6 112.4 114.3 114.9 112.3 108.9 111.8
Gross auto product. .
Table 18.—Implicit Price Deflators for Gross National Product by
Sector (8.4)
135.29 141.57 138.07 139.88 141.34 142.21 142.80 144.90
130.38 136.05 132.98 134.44 135.87 136.71 137. 13 138.83
Business
Nonfarm
Farm .
.
.
-
- - - 129.0 134.4 131.4 132.9 134.3 135.0 135.4 137.1
129.4 135.1 132.4 133.7 1135.0 135.9 135.8 137.1
-- 118.0 117.2 108.4 112.8 115.6 115.1 125.1 135.9
186. 8 199.5
General government
188.7 202.8 193.2
199.7 202.0 203.2 206.4 213.7
Table 19.—Gross National Product: Change from Preceding
Period (7.7)
Percent
22.2 —20 9 —9 0
Gross private domestic investment. . 135.3 151.6 137.3 143.3 152.9 150.8 159.4 168.3
1.3 —2.6
.2
2.3 -2.5 -3.0 —7.4 —9 2
Net foreign investment
Statistical discrepancy.
142.4 150.3 144.7 146.9 149.5 150.9 153.1 156.1
142.5 150.3 144.8 146.9 149.5 151.0 153.2 156.2
138.6 145.6 140. 0 142.7 144. 8 146.0 148.0 151.0
66 3
-23.1 -20.5 -16.2 -23.7 -26.7 -25 7 —13 3
2 8 —1 3 — 8
28
46
4 8
44
.7
140.0
152.0 170.3 157.9 162.1 168.1 174.9 176.2 181.8
Structures
_
Producers' durable equipment _. 120.1 124.0 122.6 123.7 124.1 124.3 124.0 125.5
Private
153.4 173.4 160.0 166 2 175 4 174 0 178 0 174 5
54 1
16.2
I
Personal consumption expenditures. _ . 129.4 134.6 131.7 133.0 134.3 135.3 135.8 137.0
Gro ss national product
Table 15.—Sources and Uses of Gross Saving (5.1)
Gross private saving.
IV
143.4 149.6 154.4 159.5 164.5
State and local government expendi132.9 148 9 139 8 144 2 146 8 149 8 154 7 160 2
tures- .
Purchases of goods and services
122.2 135.5 127.9 131.6 133.6 136.2 140.5 144.8
14 4 17 1 15 6 16 4 16 9 17 2 17 7 18 3
Transfer payments to persons .
1
3
4
'5
g
7
5
2
Net interest paid
Less: Current surplus of government
41
enterprises
40
41
38
41
41
49
4 2
Less: Wage accruals less disburseg
o
o
o
o
o
o
o
ments
Surplus or deficit (-), national
income and product accounts
III
Table 16.—Implicit Price Deflators for Gross National Product (8.1)
Federal
State and local
State and local government receipts
II
Index numbers, 1958=100
Table 13.—Federal Government Receipts and Expenditures (3.1, 3.2)
Personal tax and nontax receipts. _.
Corporate profits tax accruals. - .
Indirect business tax and nontax
accurals
_- _•
Contributions for social insurance. ..
I
1972
Seasonally adjusted
Billions of dollars
Federal Government receipts
1971
—4.7 —5 8 —7 2
Gross national product:
Current dollars
Constant dollars
Implicit price deflator
Gross private product :
Constant dollars
..
Implicit price deflator
Percent at annual rate
4.8
-.6
5.5
5.3
7.5 2.0 13.7
2.7 -4.1 8.0
4.6 6.3 5.4
5.0 5.5 6.4
7.8
3.4
4.2
4.8
5.2
2.7
2.5
3.3
7.6 12.0
5.8 5.6
1.7 6.0
2.2 5.6
4.2
-.7
4.9
4.7
7.3 1.5 13.3
8.5
2.9 -4.4
4.3 6.2 4.5
5.5
5.4
4.8
8.1
3.6
4.3
4.8
5.3
2.7
2.5
3.4
7.5 11.3
6.2 5.9
1.2 5.1
1.7 4.4
By EVELYN PARRISH and ANTHONY DILULLO
U.S. Merchandise Trade Projections
This article presents two equations,
one for exports and one for imports,
which serve as the main tools for shortterm trade projections in the BEA
Balance of Payments Division. The
equations mainly concentrate on the
effects of cyclical changes in foreign and
domestic business activity. The equations are useful in the preparation of
projections, but the equation results
must be modified by judgment concerning the impact of many trade developments that cannot be explained fully by
regression analysis because they are
related to events for which there is
little or no quantitative historical
experience.
J_ HIS article discusses procedures
used by the Balance of Payments
Division, Bureau of Economic Analysis,
to prepare short-term projections of
U.S. merchandise exports and imports.
As the trade accounts are by far the
largest of the balance of payments
entries, such projections are of great
importance in assessing the balance of
payments outlook.
The focus of this article is on the two
equations, one for exports and one for
imports, which serve as the main tools
for trade projections. The equations
are based on a theoretical structure
that is demand-oriented, and they
primarily concentrate on the effects of
cyclical changes in foreign and domestic
business activity and related price
movements. The equations cannot be
expected to project the effects of
developments that are not within the
range of experience in the periods
covered by the equations; the effects of
such factors must be estimated by
other methods. This applies particle
ularly to the widespread changes in
foreign exchange rates that occurred
from May to December 1971.
The introduction discusses the background and orientation of the work.
This is followed by a brief discussion of
the considerations involved in choosing
the variables included in the equations.
Finally, the specifications and performance of the two equations are
described in detail.
Introduction
Research by the Balance of Payments
Division on the development of forecasting equations for U.S. merchandise
exports and imports was begun several
years ago. The formulation of the
equations has benefited substantially
from the ideas of staff members of
various Government agencies concerned
with the U.S. balance of payments.
The primary purpose of the equations
is to produce short-term (1 to 2 years)
quarterly projections of U.S. merchandise exports and imports in current
dollars. The equations also provide a
framework for studying the effects on
trade of hypothetical cyclical conditions
here and abroad. For example, the
equations can be used to estimate exports and imports that could be
expected if economic growth, here and
abroad, was at the maximum sustainable rate. The results can then be
compared with exports and imports
that actually occurred.
Although the equations are useful in
the preparation of projections, there
are many trade developments that cannot be explained adequately by regression analysis because they are related
to events for which there is little or no
quantitative
historical experience.
Therefore, in making a projection, the
estimates obtained from the equations
must be modified by practical judgments concerning the impact of these
other factors.
Before the explanatory variables used
in the equations were chosen, numerous
economic relationships were tested,
concentrating particularly on variables
for which satisfactory historical series
were available on a quarterly basis and
for which forecasts could be readily
constructed. Not only were equations
using total exports and total imports
tested, but, to a limited extent, also
equations which disaggregated exports
and imports by broad geographic areas
and commodity groups. The disaggregated equations provide useful insights
into the changing structure of international trade, but they generally reTable 1.—Contribution of Changes
Explanatory Variables to Changes
Calculated Exports, 1970 and 1971
[Millions of dollars]
in
in
Increase in exports
(+); decrease (— )
Variable
Change from:
1969-70
1970-71
Change in calculated exports in 1963
dollars resulting from change in:
Foreign industrial production
(FIP)
1,650
870
Foreign capacity pressure (I/
UFC) t 2
100
-605
U.S. imports (Mt-4/P us)
110
345
275
420
-610
-610
125
-125
Total change in calculated exports in
1963 dollars
- -
1,650
295
Change in calculated exports resulting
from change in price deflator (Pus) - -
1, 310
1,080
Total change in calculated exports in
current dollars
2,930
1,375
-----
Price ratio (Pus/Pf)
Time trend (T)
Dummy (D)
May 1972
quire the use of narrowly defined
explanatory variables that are considerably more difficult to forecast than
the more broadly based variables that
can be used in projecting overall exports
or imports. Disaggregated equations
are also more vulnerable to random
movements that are frequently offsetting in aggregated equations.
In order to identify properly the
structural relationships between exports, imports, and their explanatory
variables, it is necessary to remove distortions in the data that are caused by
large temporary disturbances such as
strikes, insofar as such effects can be
reasonably quantified. For instance, exports and imports tend to rise just
before a strike occurs, drop during the
strike, and then temporarily rise very
sharply immediately after the strike.
Such distortions tend to obscure the
underlying developments and must be
taken into account in developing the
equations and in making forecasts. The
equations, therefore, were fitted using
data (for exports, imports, and explanatory variables) that were adjusted to remove distortions resulting from major
strikes and other temporary extraordinary events. The adjustments were
made by smoothing the irregular movements in the pertinent statistical time
series. In some cases, this resulted in adjusted series that add to the same total
as actual series. In other instances, the
smoothing resulted in omissions from
the data of large, nonrepetitive transactions (such as the steel import bulge
arising from threats of a domestic steel
strike) or in additions to the data
(such as estimated losses from strikes).
(Further information on the special adjustments applied to the data used in
the equations is available upon request.
See the note at the end of the article.)
SUBVEY OF CUKKENT BUSINESS
CHART 9
Variables Used in the Export and Import Equations
Billion $
Billion $
10
14
U.S. NONAGRICULTURAL EXPORTS1
U.S. IMPORTS2
12
Current Dollars
10
Current Dollars
Constant
(1963) Dollars
nilhilmlhilmmm
1963 = 100
200
FOREIGN INDUSTRIAL- PRODUCTION
150
U.S, PERSONAL CONSUMPTION
EXPENDITURES
100
50 JTlThnfeiliVtlHtlti^iKkiiJiUliMlM'th-iilntlitiliiiiniii
1963=100
130
U.S. AND FOREIGN WHOLESALE PRICE
INDEXES OF MANUFACTURED GOODS
(Unadjusted)
120
110
100
90
10 -
120
RATIO OF U.S. TO FOREIGN WHOLESALE
- PRICE INDEX OF MANUFACTURED GOODS
(Unadjusted)
100
Unit
40
Current equations
The two equations discussed in this
article are the most satisfactory of those
that have been explored by the Balance
of Payments Division to date. The performance of the export equation has
been relatively satisfactory; the import
equation is less reliable. The equations
have deliberately been kept relatively
simple so that forecasts can be revised
-40
-80
1955
57
61
63
65
67
69
71
1955
57
59
Seasonally Adjusted
1. On the balance of payments basis, excluding military shipments, ijata also exclude exports of automotive
products to Canada and of aircraft and are adjusted to exclude effects of strikes and other temporary aberrations.
2. On the balance of payments basis, excluding military shipments and imports of Canadian automotive products.
Imports in 1963 dollars (as used in the export equation) are adjusted to smooth put fluctuations due to U.S.
longshoremen's strikes. Imports in current dollars (as used in the import equation) are adjusted to remove
major distortions due to domestic strikes and other temporary disturbances.
Note.- For definition of variables, see text.
U.S. Department of Commerce, Bureau of Economic Analysis
465-441 O - 72 - 3
17
61
63
65
67
69
71
18
and updated frequently and quickly
without the use of complicated techniques. The equations are subject to
change as evolving circumstances reveal
the need for adjustments. Work on the
equations continues, and different formulations and additional variables are
being tested.
The export equation and the import
equation are formulated to produce
seasonally adjusted quarterly estimates.
Each equation includes a time trend
variable (T) which has the statistical
effect of removing linear trends from
all variables, including the dependent
variable. That is, the inclusion of "T"
produces coefficients for the other
independent variables that are the
same as those obtained when all
variables are expressed as deviations
from a least squares linear trend. The
introduction of the "T" variable improves the fit of the equation and
reduces the multicollinearity between
those variables that have strong trends
in the same direction.
The export equation produces estimates in constant (1963) dollars. It is
based on data from the first quarter
1956 through the fourth quarter 1970,
which was found to be the period of
best fit for a series of observations
ending in 1970. Exports are adjusted to
the balance of payments basis, excluding military shipments, and also exclude
agricultural goods, automotive products
shipped to Canada, and aircraft. Exports are deflated by the U.S. wholesale
price index of manufactured goods.
Explanatory variables include foreign
industrial production, a measure of
foreign capacity pressure lagged two
quarters, U.S. imports lagged four
quarters and deflated, the ratio of the
U.S. wholesale price index of manufactured goods to a composite index of
foreign wholesale prices of manufactured goods, and the time trend. (See
chart 9.)
For the import equation, the period
of best fit for a series of observations
ending in 1970 is the first quarter 1955
through the fourth quarter 1970. The
equation produces current dollar estimates. (An acceptable import equation
in constant dollars has not yet been
developed.) Imports are adjusted to
SURVEY OF OUERENT BUSINESS
May 1972
the balance of payments basis, excluding military shipments, and also exclude
automotive products shipped from Canada. The explanatory variables in the
equation are U.S. personal consumption expenditures, changes in U.S.
business inventories, a measure of U.S.
capacity pressure, the U.S. wholesale
price index of manufactured goods, a
composite index of foreign wholesale
prices of manufactured goods, and the
time trend.1
For projections, foreign economic
variables used in the equations are
forecast on the basis of available
information on the economic outlook
for major industrial countries. Forecasts for variables that relate to the
domestic economy can be derived from
GNP forecasts. Calculated exports obtained from the equation in 1963
dollars are reflated using the projected
values of the U.S. wholesale price
index of manufactured goods.
The commodities excluded from the
export and import data used in the
equations were omitted because they
seem more responsive to special factors than to the general demand and
price factors that influence the bulk of
trade. Agricultural exports usually reflect foreign and domestic crop conditions, foreign and U.S. Government
agricultural policies, and U.S. Government foreign assistance programs. U.S.
civilian aircraft exports are subject to
large irregular movements that mainly
reflect the introduction of major innovations. Automotive trade with Canada
underwent major structural changes as
a result of the 1965 U.S.-Canadian
Automotive Products Trade Act. Projections for trade in these commodities
are prepared separately, with the assistance of information available from
industry or Government sources, and
then added to the projections obtained
from the equations.
sidered in choosing the variables for the
export and import equations.
Fluctuations in U.S. exports primarily reflect economic conditions in
the importing countries; fluctuations in
U.S. imports primarily reflect economic
conditions here. To measure these
effects, broad indicators such as gross
national product, personal consumption
expenditures, or industrial production
can be used together with indicators of
capacity utilization and price movements. Other factors affecting trade
patterns that are more difficult to
quantify include changes in quality of
goods, in technology, in tariffs or other
trade barriers, and in consumer tastes.
Moreover, trade movements are often
distorted by unexpected economic, social, or political developments. Such
distortions are usually limited to a
relatively short period, but occasionally
result in permanent changes in trade
patterns.
Economic activity
Deviations of imports from their
longer run trends tend to mirror the
cyclical movements of demand in the
importing country. Import growth accelerates in periods of economic recovery and slows in recessions. Gross
national product (GNP)—the market
value of total output of goods and
services—is the most comprehensive
measure of economic activity. However, the relative weights of the various
components of the GNP do not necessarily reflect the importance of their
influence on imports. Demand for imported consumer goods could be expected to be related to the personal
consumption expenditures component
of GNP. Industrial production indexes
mainly measure the output ol manufactures, and could be expected to be
particularly relevant in explaining
demand for imported industrial
materials and capital goods.
As it turns out, personal consumpFactors Affecting Foreign
tion
expenditures (for goods and
Trade
services) seem to be the most effective
This section briefly reviews factors variable for representing U.S. demand
affecting foreign trade that were con- as a determinant of U.S. imports. This
presumably reflects the fact that con1. Donald Curtis, U.S. Treasury Department, made
sumer
goods and the materials and
major contributions to the formulations of the foreign and
U.S. capacity pressure measures and the foreign wholesale
components used in their production
price index.
May 1972
comprise the major part of imports.
Although imports of capital goods have
been rising, and some imported industrial materials and components are used
in domestic capital goods production,
the addition of a separate variable such
as private domestic investment to
represent the demand for imported
capital goods did not produce results
significant enough to justify inclusion
of the variable in the import equation.
Another GNP component—change in
business inventories—has been included
in the import equation to reflect changes
in imported goods that may be more
immediately responsive to changes in
demand resulting from inventory accumulation or liquidation than to
current changes in personal consumption expenditures. However, this variable may also represent cyclical
variations in overall economic activity.
In the export equation, foreign industrial production is used to represent
demand for U.S. nonagricultural exports. The decision to use foreign
industrial production rather than foreign GNP was partly governed by the
timely availability of quarterly data;
GNP data for many foreign countries
are on an annual basis and not readily
and quickly available. Industrial production abroad seems to relate closely
to U.S. exports in the same quarter.
However, exports tend to continue upward in quarters immediately following
cyclical peaks in foreign industrial
production and in certain other cases
when expansion of foreign industrial
production initially decelerates. A
dummy (D) is included in the equation
with a value of one in the pertinent
quarters to explain the faster than
expected export growth.
U.S. imports lagged four quarters
and deflated by the U.S. wholesale
price index of manufactured goods are
also included in the export equation as a
proxy for foreign demand for U.S. goods
generated by U.S. economic activity.
(The larger the foreign exchange earnings of foreign countries resulting from
previous export sales to the United
States, the greater is their demand for
U.S. exports.)
SURVEY OF CURRENT BUSINESS
Pressures on capacity
Demand for imported goods seems to
be related nonlinearly to utilization of
productive capacity in the importing
country. To reflect this, the import
equation includes a measure of U.S.
capacity pressure and the export equation includes a measure of foreign
capacity pressure, both "pressure" variables being nonlinear with respect to
capacity utilization.
During periods of high U.S. utilization, imports tend to expand even more
rapidly than aggregate economic activity; during periods of low utilization,
imports tend to decline more rapidly,
or rise less rapidly, than aggregate
economic activity. There also appears
to be a nonlinear relationship between
foreign capacity utilization and foreign
demand for U.S. goods. Utilization in
major foreign industrial countries affects not only demand for U.S. goods in
those countries but also the strength of
competition facer! by U.S. exports in
third markets.
Capacity pressures may also have an
impact on an exporting country's supply. If a country's utilization is high, its
exports may be dampened because of
lengthened waiting periods for delivery
and tendencies to give preference to
domestic orders; the opposite would
hold in conditions of low utilization.
(Also, during the early stages of cyclical
recoveries—when utilization is low—
exports could be bolstered by the
favorable effects that rising productivity has on unit costs and thus on
prices.) However, measures of supply
influences are not included in the
equations. In the export equation, the
U.S. capacity pressure variable, used to
reflect supply influences, is not statistically significant; in the import equation,
the main effect of the foreign capacity
pressure variable is to reduce the
significance of the foreign price variable.
Prices
A decrease in the ratio of domestic to
foreign prices theoretically should have
a stimulative effect on the volume of
exports and a dampening effect on the
volume of imports. However, it is hard
to find a strong relationship in the data.
19
One problem is the lack of appropriate
price indicators for internationally traded goods. Another problem is that for a
number of commodities the gap between
the absolute level of foreign and domestic prices is sufficiently large that
the total volume of trade may not be
noticeably affected by small changes in
relative movements of prices as indicated by broadly based index numbers.
In addition, the impact on the volume
of trade of a shift in relative movements
of prices may be distributed over a long
period, and this sort of impact is hard
to isolate. A further difficulty for the
import equation, in which imports are
denominated in current dollars, is that
in the short run a rise in the ratio of
foreign to domestic price indexes that
reflects an absolute increase in foreign
prices may initially increase the value
of imports, making any longer term
drop in import volume more difficult
to isolate.
In the export equation, in which
exports are expressed in constant dollars, the most significant of the various
price formulations tested was the ratio
of the U.S. to the foreign wholesale
price index of manufactured goods.
This suggests that exports show the
same sensitivity, roughly, to a 1 percent
rise in U.S. price as to a 1 percent
decline in foreign prices. In the import
equation, in which imports are expressed in current dollars, the most
significant of the various price formulations tested was separate entry of the
U.S. and of the foreign wholesale price
indexes of manufactured goods. Changes
in the U.S. price index appear to have
a much greater effect on imports than
changes in foreign price, at least for
the periods for which the equation was
fitted.
The price indexes selected for use in
the equations—the U.S. and the foreign
wholesale price indexes of manufactured
goods—give a general indication of the
theoretically expected trends. These
indexes are not specifically measures of
the prices of U.S. exports or U.S. imports, but only proxies for the general
trend of prices here and abroad. (The
foreign price indexes are adjusted to
include the changes resulting from
foreign currency revaluations relative
20
SUKVEY OF CURKENT BUSINESS
to the U.S. dollar: foreign currency NX/PUS=3,604.67 +48.54 FIP
(6.86) (12.73)
depreciations tend to reduce foreign
prices vis-a-vis U.S. prices; foreign
+ 8.30 (l/UFC)t_2+ 0.14 Mt_4/Pus
(5.18)
(3.78)
currency appreciations tend to increase
foreign prices.) Available measures of
- 38.39 PUslPf- 38.10 T+126.18Z?
prices of U.S. exports and imports—(7.62)
(7.04)
(3.39)
the unit value indexes—were not used
because they have a limited coverage of
The numbers in parentheses are "t"
manufactured commodities and they ratios (ratios of regression coefficients
reflect changes in commodity mix as to their standard errors). The coefficient
well as changes in prices. In addition, of determination corrected for degrees
the unit value indexes are difficult to of freedom CR2) is 0.995; the Durbinproject because they do not appear to Watson statistic (D.W.) is 1.90; the
have consistent relationships with other corrected standard error of the estimate
(Se) is 74; and the corrected standard
available economic indicators.
error of the estimate divided by the
Other factors
mean of the dependent variable (gp) is
Among other factors that affect trade, 1.71.
the only one studied very thoroughly
was the effect on imports of changes in Variables:
NX—U.S. nonagricultural exports,
U.S. tariffs. The most successful formuexcluding
automotive products shipped
lation used was the ratio of U.S. duty
to
Canada
and aircraft, seasonally adcollections to total imports (excluding
justed quarterly rates in millions of dolCanadian automotive products). The
lars. The data are on the balance of
ratio does not appear to have been payments basis, excluding military
noticeably influenced by tariff changes shipments, and are adjusted to remove
until the introduction of across-the- distortions due to major domestic
board tariff reductions resulting from strikes and other important identifiable
the "Kennedy round" of GATT nego- temporary disturbances.
tiations. Those reductions were effective
PUS—U.S. wholesale price index of
in five stages beginning January 1, manufactured goods, 1963 = 100.
FIP—Foreign industrial production
1968, and ending January 1, 1972.
However, the duty collection variable index, 1963=100. The index is a comadds little of significance to the import posite of seasonally adjusted industrial
equation and is omitted in the equation production indexes for Canada, Japan,
United Kingdom, and continental
discussed in this article.
Western Europe, weighted by the annual shares of these areas in U.S. exThe Export Equation
ports. The index for continental WestThe export equation is based on quar- ern Europe is derived from indexes for
terly, seasonally adjusted data from the Germany, France, Italy, and the Nethfirst quarter 1956 through the fourth erlands weighted by the 1963 values of
quarter 1970. Exports are expressed in their gross domestic products.
constant (1963) dollars. For projections,
UFCt-2—Unutilized foreign indusexports calculated from the equation are trial capacity lagged two quarters
converted into current dollars by multi- [UFC=1-(FIP/FC)]. The calculation
plying them by the projected U.S. of foreign capacity (FC) is explained
wholesale price index of manufactured below.
Mt_4—U.S. imports, excluding Canagoods. The equation has the following
dian
automotive products, lagged four
2
specification:
quarters, seasonally adjusted quarterly
rates in millions of dollars. The data
2
An equation expressed in current dollars that performs
are on the balance of payments basis,
somewhat less satisfactorily has the following specification:
excluding
military shipments, and are
(0.23) (13.94)
(5.59)
(2.44)
-0.42 PM8/P,— 27.10 T+115.16 D
adjusted
to
smooth out irregular move_ (0.07)
(6.21)
(2.90)
ments due to U.S. dockworkers' strikes.
The jR2 is 0.997; D.W. is l.Tlj'Sa is 74; and"&p is 1.77.
May 1972
Pf—Foreign wholesale price index of
manufactured goods, 1963 = 100. The
index is a composite of the wholesale
price indexes of manufactured goods for
Canada, Japan, United Kingdom, Germany, France, Italy, the Netherlands,
and Belgium, weighted by each country's share in the group's total exports
of manufactured goods in the preceding
year. The price data are adjusted to include changes resulting from foreign
currency revaluations relative to the
U.S. dollar. These adjustments are entered gradually over a four-quarter period following the revaluation.
T—Linear time trend, first quarter
1955 = 1.
D—Dummy variable with a value of
1 is used in all quarters when foreign
industrial production (FIP) declines
and in all quarters when expansion of
FIP first slows to less than 0.4 of an
index point following periods of faster
increase.
The foreign capacity index (FC) used
in the calculation of the measure of
foreign capacity pressure is computed
from the composite foreign industrial
production index. For the period from
the first quarter 1954 through the
fourth quarter of 1970, a straight lino
was fitted to the logarithms of the
foreign industrial production index. The
highest 25 percent of the observations,
in terms of deviations from the trend
line, was isolated. A trend line was then
fitted to those observations. The level
of that trend line was raised by 2 percent and the resulting trend line was
used to represent the index of foreign
industrial capacity. The procedure that
was followed ensured that the foreign
industrial production index would never
exceed the foreign industrial capacity
index. Several formulations of the capacity pressure variable were tiied in
the export equation. The reciprocal of
unutilized capacity, lagged two quarters,
proved to be the most significant measure. This capacity pressure variable increases at a sharply accelerating rate
as unutilized capacity approaches zero,
and decreases at a sharply decelerating
rate as unutilized capacity increases.
SURVEY OF CURRENT BUSINESS
May 1972
21
Table 2.—Actual and Calculated Values of U.S. Nonagricultural Exports
[Seasonally adjusted]
Total!
Exclusions:
Autos to
Canada,
aircraft, and
agricultural
goods
Exports minus exclusions plug adjustments
Adjustments
Actual
Calculated
(reflated)
Actual minus
calculated
(reflated)
Millions of current dollars
1955-1
II
Ill
IV
._
Actual
Calculated
Millions of 1963 dollars
(2)
3,545
3,450
3,695
3,734
984
858
975
903
2,561
2,592
2,720
2, 831
3,975
4,299
4,513
4,769
1,016
1,184
1,252
1,365
2,959
3,115
3, 261
3,304
2,991
3,107
3,172
3,344
-32
8
89
-40
3,155
3,275
3,404
3,410
5,160
5,021
4,854
4,527
1,452
1,314
1,258
1,137
3,448
3,567
3,596
3,390
3,507
3,509
3,541
3,363
-59
58
55
27
1958-1
II
III
IV
4,140
4,082
4,112
4,080
1,089
1,137
1,148
1,052
3,051
2,945
2,964
3,028
3,144
3,015
2,985
2,952
1959-1
II
III
IV
3,888
3,977
4,376
4,217
994
1,059
» 1,218
31,267
2,894
2,918
3,083
3,200
4,684
4,916
5,032
5,018
1,414
1,427
1,438
1,521
-100
-100
5,095
4,806
5,037
5,169
1,509
1,378
1,417
1,478
-25
50
-50
5,077
5, 335
5,332
5,035
1,457
1,585
1,481
31,450
5,058
5,593
5,666
5,935
31,540
31,585
1,618
1,725
1964-1
II
Ill
rv
6, 233
6,197
6,417
6,631
1965-1
II
III
IV
1956-1
II . ...
Ill
.
. ._
Actual minus
calculated
8( )
2,814
2,842
2,957
3,044
(2)
(2)
(2)
2
2
()
(2)
1
(22)
(2)
()
(2)
3,188
3,267
3,311
3,451
-33
8
93
-41
3,522
3,632
3,640
3,428
3,582
3,573
3,584
3,400
-60
59
56
28
-93
-70
-21
76
3,073
2,963
2,979
3,037
3, 167
3,034
3,000
2,961
-94
-71
-21
76
2,959
2,987
3,037
3,197
-65
-69
46
3
2,891
2,903
3,071
3,194
2,956
2,974
3,025
3,191
-65
—71
46
3
3,270
3,389
3,494
3,497
3,310
3,369
3,401
3,427
-40
20
93
70
3,254
3,372
3,466
3,483
3,293
3,352
3,374
3,413
-39
20
92
70
3,561
3,478
3,570
3,691
3,470
3,525
3,596
3,618
91
-47
-26
73
3,536
3,478
3,577
3,695
3,446
3,525
3,603
3,622
90
-47
-26
73
3,620
3,750
3,851
3,785
3,669
3,723
3,819
3,963
-49
27
32
-178
3,613
3,746
3,839
3,781
3,662
3,719
3,807
3,959
-49
27
32
-178
300
-100
3, 818
3,908
4,048
4,210
3,863
3,948
4,035
4,201
-45
-40
13
9
3,826
3,916
4,040
4,197
3,871
3,956
4,027
4,188
-45
-40
13
9
31,785
31,756
1,826
31,825
-80
-30
-50
-165
4,368
4,411
4,541
4,641
4, 318
4,448
4,507
4,617
50
-37
34
24
4,347
4,400
4,518
4,604
4,296
4,440
4,485
4,580
51
-40
33
24
5,679
6,933
6,857
6,969
31,876
31,928
2,077
2,044
865
-325
-30
4,668
4,680
4,750
4,925
4,622
4,713
4,772
4,895
46
-33
-22
30
4,613
4,593
4,630
4,777
4,567
4,625
4,651
4,748
46
-32
-21
29
7,223
7,191
7,413
7, 563
2,094
2,117
2,278
2, 294
5, 129
5,074
5, 135
5,269
5,046
5,165
5,259
5,273
83
-91
-124
-4
4,932
4,842
4,858
4,990
4,852
4,928
4,975
4, 993
80
-86
-117
-3
1967-1
II
III
IV
7,693
7,719
7,669
7,599
2,176
2,251
2,294
2, 274
25
5,517
5,468
5,375
5,350
5,387
5, 280
5,392
5,547
130
188
-17
-197
5,215
5, 168
5,056
5,014
5,092
4,990
5, 072
5,199
123
178
-16
-185
1968-1
II
Ill
IV
7, 947
8,385
8, 878
8,378
2,474
2,499
3 2, 557
3 2, 547
240
-125
-505
330
5,713
5,761
5,816
6,161
5,595
5,735
5, 866
6, 266
118
26
-50
-105
5,290
5,305
5,331
5,621
5,181
5,281
5,377
5,717
109
24
-46
-96
1969-1
II
III
IV
7,510
9,490
9,602
9, 888
3 2, 585
3 2, 392
2,618
2, 711
1,600
-300
6, 525
6,798
6,984
7, 177
6,497
6, 882
6,958
7,220
28
-84
26
-43
5, 878
6,064
6,181
6, 285
5,853
6,139
6,158
6,322
25
-75
23
-37
1970-1
II
III
IV
10,241
10, 582
10,696
10,461
2, 750
2,982
2,851
2,766
7,491
7,600
7, 845
7,695
7,396
7,530
7,878
7,715
95
70
-33
-20
6,475
6, 529
6,688
6,527
6,393
6, 469
6, 716
6,544
82
60
-28
-17
1971-1
II
III
IV
11, 016
10,706
11,475
9,572
3,418
3,272
3 3, 263
3 3, 187
7,598
7,434
7, 612
7,685
47,811
4 7, 810
48,019
48,252
6,374
6,180
6,255
6,315
4 6, 553
46,492
46, 589
46,781
rv
1957-1.
II
III
IV
1960-1
II
III
3V .
1961-1
Ti
III
-.
.
.
_
.
. . __
"
rv
1962-1
II
Ill
..
rv
1963-1
II .
Ill .
IV
1966-1
II
III .
IV
.
..
.
.
.
.
-
1. Balance of payments basis, excluding military shipments.
2. The equation for nonagricultural exports begins in the first quarter of 1956.
-100
-260
-140
-75
250
200
-600
1,300
-213
-376
-407
-567
-179
-312
-334
-466
3. Agricultural exports are adjusted for U.S. dockworkers' strikes and in 1964 I and II for
extraordinary shipments of wheat to U.S.S.R.
4. Equation ends in the fourth quarter of 1970; 1971 data are projections.
SURVEY OF CURKENT BUSINESS
22
Contributions of explanatory
variables
In the export equation the foreign
industrial production index is the most
significant explanatory variable as
indicated by the "t" ratio. The other
variables in descending order of statistical significance are the price ratio, the
time trend, foreign capacity pressure,
imports, and the dummy.
The impact of changes in the explanatory variables on changes in calculated
exports depends upon the size of each
variable's regression coefficient and the
amount of change in each variable,
which varies from period to period.
For the years 1970 and 1971, the contribution of variables to the total
change in exports is shown in table 1.
The amount of change in calculated
exports contributed by each explanatory variable was obtained by multiplying the actual quarterly v'alues of
each explanatory variable by its regression coefficient, then summing the
quarterly values to annual totals, and
calculating the differences between
years.
Performance of the export equation
The export equation performs quite
well during the period to which it is
fitted, i.e., first quarter 1956 through
fourth quarter 1970 (see chart 10 and
table 2).
In only three out of the 60 observations included in the equation did actual
and calculated exports differ by more
CHART 10
Actual and Calculated Values of U.S. Nonagricultural
Exports and Residuals, in 1963 Dollars
Billion $
NX/P US =3604.67 + 48.54FIP +8.3Q(l/UFC)t.2+ .14Mt4/Pus . 38.39Pus/Pf -38.10T+ 126.18D
Actual
Calculated
2 I i i
Billion $
j;^:HEP^
;
"
'•''"•'/. :'/
'^! •i'^Y'KfJ::l:AJr''t/-r'-r'Tl':V'r rl i i- i"
1956
57
58
59
60
61
62
63
64
65
66
67
68
69
70
NOTE:—Exports are on the balance of payments basis excluding military shipments. Data also exclude exports of automotive products to Canada
and of aircraft, and are adjusted to exclude effects of strikes and other temporary aberrations.
U.S. Department of Commerce, Bureau of Economic Analysis
72-5-
May 1972
than two standard errors. In those
periods, the differences may have been
due to the difficulties in adjusting the
data for the effects of special developments. The overestimate of $178 million
in the fourth quarter 1962 may have
reflected an insufficient adjustment to
actual exports for effects of a dock
strike. In the second quarter 1967 there
was an underestimate of $178 million,
followed in the fourth quarter of 1967
by an overestimate of $185 million.
These differences may have been associated partly with the trade disruptions
resulting from the closure of the Suez
Canal in late May 1967.
The characteristics of the export
equation do not change markedly when
the period to which it is fitted is changed
(table 3). The coefficients are relatively
stable and statistical measures remain
significant in equations beginning in
1955 or 1956 and ending in any one of
the years 1967-70. In equations beginning in 1957, the "t" ratios for most of
the variables are poorer and in two
instances are below statistically significant levels.
To test how well the equations would
forecast, they were solved for the
quarters beyond the periods to which
they were fitted, using the actual
values of the explanatory variables in
those quarters. The resulting calculated
exports were then compared with actual
export values. Table 3 shows the annual
error at a quarterly rate (actual less
calculated) resulting from projections
of the equations made for 1 year beyond
the period of fit. (Projections made for
more than 1 year beyond the period of
fit are not shown in table 3 but are
available upon request.)
The export equations covering the
periods beginning in 1956 and ending in
1967, 1968, and 1969 produce forecasts
1 year ahead with annual errors at a
quarterly rate ranging from —$30 million to +$45 million (—0.6 to +0.7
percent of actual exports). The equations beginning in 1956 and ending in
1967 and 1968 produce forecasts for the
second year beyond the period of fit—
1969 and 1970, respectively—with annual errors at a quarterly rate of —$63
million and +$37 million (—1.0 and
SURVEY OF CURRENT BUSINESS
May 1972
+0.6 percent). All of these equations
as well as the one for the period beginning in 1956 and ending in 1970
sharply overestimate 1971 exports with
annual errors at a quarterly rate ranging from —$304 million to —$340
million (—4.8 to —5.4 percent). The
large forecasting errors for 1971 are
probably due for the most part to the
adverse impact on exports of unsettled
international financial conditions and of
strikes or threats of strikes that prevailed during most of the year. However, it should be noted that the values
now available for the explanatory
variables for 1971 are still uncertain
and adjustments for strike effects are
based on incomplete information. These
data may be revised and the overestimate may be reduced. (The equation fitted through 1969, for instance,
predicted 1970 exports with an error of
2.0 percent using data available in May
1971 for the explanatory variables; it
predicted 1970 exports with an error of
0.7 percent using data available in
May 1972.)
The Import Equation
The import equation is based on
quarterly, seasonally adjusted data
from the first quarter 1955 through the
fourth quarter 1970. Imports are expressed in current dollars. The equation
has the following specification:
M=-7,558.73+23.65 PCE
(11.63) (32.50)
+11.02 CBI+6.45 CPSQ
(3.33)
(5.50)
+ 57.88 PU8-8.85 P,-58.86T
(8.91)
(1.44)
(22.25)
The numbers in parentheses are
"t" ratios. The coefficient of determination corrected for degrees of freedom (R2) is .999; the Durbin-Watson
statistic (D.W.) is 1.76; the corrected
standard error of the estimate (Se) is
75; and the corrected standard error of
the estimate divided by the mean of the
dependent variable (SP) is 1.51.
It might be desirable to construct the
import equation in constant dollars to
23
parallel the export equation. Thus far, a
constant dollar import equation that
produces forecasts with the same or
less error than the current dollar
equations has not been developed.3
Variables:
M—U.S. imports, excluding Canadian automotive products, seasonally
adjusted quarterly rates in millions of
dollars. The data are on the balance
of payments basis, excluding military
shipments, and adjusted to remove
distortions due to major domestic
strikes and other important identifiable
temporary disturbances.
PCE—U.S. personal consumption
expenditures (including goods and services) as measured in GNP, in billions
3. One version yielded the following:
M/Pf=-14,090.41+32.94 Deflated PCE+11.37 Deflated CB1
(18.66) (14.68)
(1.97)
+0.69 CPSQ+125.98 PU8-36.84 Pf-69.38 T
(.30)
(13.99)
(3.77)
(10.63)
R2 is .993; D.W. is 0.84; Se is 126; and SP is 2.61.
Omission of the capacity pressure variable (CPSQ) causes
very little change in the remaining coefficients or the statistical measures.
Table 3.—Nonagricultural Export Equation Fitted to Various Time Periods
Regression period
Constant
FIP
(l/UFC)t-2
Mt-4/Pu 8
Pua/Pf
T
D
Forecast error
1 year forward
(quarterly rate
in millions of
1963 dollars)
S"e
SP
R2
D.W.
A. Equations beginning in 1955:
1955_I_70_IV
1955-1— 69-IV
1955-1—-68-IV
1955-1— 67-IV_
2, 963. 39
(6.06)
45 01
(12. 79)
10 89
(8.41)
0.12
(3.08)
—30. 83
3, 141. 66
(6.06)
42.80
(10. 97)
11 03
(8.40)
.13
(3.30)
—31 76
2 972 02
(4.91)
43 45
(10. 30)
11 57
(8. 19)
13
(3.23)
—30 63
1. 833. 96
(1.67)
51.72
(6. 82)
11.39
(7. 96)
.10
(2.23)
3, 604. 67
(6. 86)
48.54
(12. 73)
8.30
(5. 18)
3,765 03
(6.77)
46 01
(10.92)
3, 679. 62
(5.49)
121 17
—261
76
1 80
0.995
1.77
—26 90
129 36
40
77
1.89
.994
1.76
—27 70
125 85
(2. 90)
—34
78
1 98
.991
1.69
(5.46)
-23. 24
(3.03)
—36. 81
(4. 19)
139. 87
(3. 18)
—77
77
2.02
.989
1.55
.14
(3. 78)
-38. 39
(7. 62)
—38. 10
126 18
—323
74
1.71
.995
1.90
8.56
(5.20)
.16
(3.94)
—39 02
—35 11
128 76
45
75
1.80
.994
1.92
45.85
(10. 21)
9.02
(4.88)
.16
(3.73)
-38. 20
-34.54
2, 994. 51
(2.45)
50.61
(6.48)
9 16
(4.94)
.13
(2.78)
3 395 17
(5.01)
45 88
(7.95)
9 39
(3. 98)
3, 275. 45
(4.61)
39.67
(5.98)
2. 942. 79
(3.48)
2, 656. 71
(2.04)
(7.08)
(7.10)
(6.23)
—29 26
(7.11)
(5.93)
(3.15)
(3.04)
B. Equations beginning in 1956:
1956-1— 70-IV_ ___
1956-1— 69-IV
1956-1— 68-IV_
1956-1— 67-IV. ___
. .
(7.50)
(7.04)
(6.02)
(3.39)
(3.12)
126. 81
-8
1.92
.991
1.84
(2.98)
77
(5. 56)
—33. 57
-39 43
-30
77
1.98
1.62
(4.25)
135 46
(3. 10)
.988
(3.70)
14
(3.57)
—35 47
—32 91
124 64
75
1.71
1.91
(3.28)
—300
.995
(3.18)
10.98
(4.30)
.15
(3. 71)
-32. 14
-22. 83
131. 90
51
75
1.78
.994
1.95
37.54
(5.31)
12.52
(4.26)
.15
(3.47)
-28. 35
(3. 15)
-18. 19
129. 93
-19
77
1.89
.991
1.85
41.49
(4.01)
12.24
(4.06)
.13
(2. 69)
-27. 04
-23. 17
134. 87
—5
77
1.95
.988
1.62
(6.47)
C. Equations beginning in 1957:
1957-1— 70-IV
1957-1— 69-IV__._
.... .
1957-1— 68-IV_
1957-1— 67-IV. ___
_
NOTE.—Figures in parentheses are "t" ratios.
(4.73)
(4.05)
(2.46)
(1.95)
(1.45)
(1.49)
(3.15)
(3.04)
(3.05)
SURVEY OF CURRENT BUSINESS
24
of dollars at seasonally adjusted annual
rates.
CBI—Change in U.S. business inventories as measured in GNP, in
billions of dollars at seasonally adjusted
annual rates.
CPSQ—Measure of U.S. capacity
pressure, derived from the ratio of
actual to potential gross national
product; the calculation of this variable
is explained below.
PUS—U.S. wholesale price index of
manufactured goods, 1963=100.
Pf—Foreign wholesale price index of
manufactured goods, 1963=100. The
index is a composite of the wholesale
price indexes of manufactured goods for
Canada, Japan, United Kingdom, Germany, France, Italy, the Netherlands,
and Belgium, weighted by each
country's share in the group's total
exports of manufactured goods in the
CHART 11
Actual and Calculated Values of U.S. Imports and Residuals
Billion $
10
-58.86T
M=-7558J3 +23.65PCE +11.02CB)
May 1972
preceding year. The price data are
adjusted to include changes resulting
from foreign currency revaluations relative to the U.S. dollar. These adjustments are entered gradually over a
four-quarter period following the
revaluation.
T—Linear time trend, first quarter
1955=1.
The U.S. capacity pressure measure
used in the import equation is calculated as follows: the difference between
the ratio of actual to potential GNP
and 0.97 is multiplied by 100, then
squared and expressed with a positive
sign if the ratio of actual GNP to
potential GNP is greater than 0.97 and
with a negative sign otherwise—
CPSQ=(100 [(Actual GNP/Potential
GNP) -0.97])2.
The 97-percent figure is the average of
the ratio of actual GNP to potential
GNP in 1955-70, and is used to represent average capacity utilization. It was
chosen after experimentation with a
series of ratios ranging from 93 through
98 percent. In this formulation, capacity
pressure increases at a sharply accelerating rate as utilization rises above
average levels and decreases at a sharply
accelerating rate as utilization falls below average. This measure of capacity
pressure produces more significant results in the import equation than were
obtained using several other formulations including one with a capacity
pressure similar to that used in the
export equation.
Calculated
Contribution of variables
l i t I i 1:1 I t i l I I I I
1955
I i { { ill I t II
I I I i I I I I I I I
67
68
NOTE:—Imports are on the balance of payments basis excluding military shipments. Data also exclude imports of automotive products from
Canada and are adjusted to exclude effects of strikes and other temporary aberrations.
U.S. Department of Commerce, Bureau of Economic Analysis
69
70
In the import equation, U.S. personal
consumption expenditures is the most
significant explanatory variable as indicated by the "t" ratio. The other
variables, in descending order of statistical significance, are the time trend,
U.S. price, U.S. capacity pressure,
change in U.S. business inventories, and
foreign price.
The contribution of changes in the
variables to the calculated change in
imports depends upon the size of each
variable's regression coefficient and on
the amount of change in each variable,
which may differ in each period. This is
shown in table 4 for the years 1970 and
SUEVEY OF CTJKKENT BUSINESS
May 1972
1971. The method of measuring the
amount of change in calculated imports
contributed by each explanatory variable is the same one used for exports,
already described.
When the time period to which the
equation is fitted is changed, the
characteristics of the import equation
are fairly stable (see table 6). However,
Performance of import equation
Table 4.—Contribution ot Changes
Explanatory Variables to Changes
Calculated Imports, 1970 and 1971
in
in
[Millions of dollars]
Increase in imports
(+); decrease (— )
Change from:
1969-70
1970-71
Change in calculated imports
resulting from change in:
U.S. personal consumption expenditures (PCE)
3,585
4,130
Change in U.S. business inventories (CBI)
-150
-100
U.S. capacity pressure (CPSQ) ..
-290
-200
U.S. price (Pus)
Foreign price (Pf)
985
-225
900
-255
Time trend (T)
-940
-940
2,965
3,535
Total change in calculated imports
the coefficients of the price variables
change considerably and are less significant in equations that begin in 1957.
To test the forecasting reliability of
Table 5.—Actual and Calculated Values ot U.S. Imports
[Millions of dollars, seasonally adjusted]
In the period covered by the equation—first quarter 1955 through fourth
quarter 1970—calculated imports were
generally quite close to actual imports
(chart 11). During the 1957-58 and
1960-61 recessions, downturns of actual 1955-1
II- - .
and calculated imports coincided; the
Ill
IV
calculated 1958 upturn was one quarter
later than the actual rise, but the equa- 1956-1II III
tion's timing was correct for the 1961
IV.
upturn. During the 1970 recession, 1957-1.... ._.
II neither actual nor calculated imports
III
IV. .
declined. Import strength in the recent
recession reflected the continued (al- 1958-1.....
II
III
though slower) growth in both personal
IV
consumption expenditures and business 1959-1
II
inventories in 1970, as contrasted with
III -.
IV
actual declines in both measures in
1960-1
earlier recessions.
II .
III
The two quarters in which calculated
IV.
and actual imports differed by more 1961-1
._
II.
than two standard errors were: (1) the
Ill
IV.
third quarter 1956, when extraordinary
coffee deliveries pushed actual imports 1962-1'II III '
up sharply (these were largely offset in
IV
the following quarter); and (2) the 1963-1
II .
first quarter 1970, when actual imports
III
IV.
rose very sharply, partly reflecting
1964-1
aberrations due to effects of actual and
II
III
anticipated import quotas (imports
IV
leveled off in the second quarter).
1965-1
Variable
25
Total i
2 718
2,802
... . _
.
-. ..
_
-- -.
-
-.
-
-
1966-1
II _
HI
IV
1967-1
II
III
IV
_.
-
1968-1
II
III
IV
1970-1
II Ill
IV
1971-1
II ..
III—
IV
-
-
.
Adjustments
Actual
II
III
IV
1969-1. .
II
III
IV
Imports minus Canadian autos plus
adjustments
Canadian
autos
-
.-
Calculated
Actual less
calculated
2, 919
3 088
(*)
(*)
(*)
(*\
2718
2802
2 919
3 088
2 746
2 835
2 929
3 046
—28
—33
— 10
42
3 174
3 184
3 315
3 130
(*)
(*)
(*)
(*)
3 174
3 184
3 315
3 130
3 080
3 148
3 160
3 261
94
36
155
-131
3,292
3 357
3 355
3 287
(*)
(*)
(*)
f*\
3,292
3 297
3 355
3287
3,317
3 329
3 415
3 337
-25
-32
-60
—50
3, 141
3 171
3,203
3 418
3,226
3 091
3,146
3 359
-85
80
57
59
3 597
3 833
3,837
3 766
3 576
3 759
3,816
3 754
21
74
21
12
3,768
3 810
3,643
3,432
3,854
3 848
3 732
3,540
-86
-38
-89
—108
3,388
3,481
3,752
3,890
3,423
3,555
3,654
3,819
-35
-74
98
71
3 957
4 072
4 062
4,118
3 934
3 964
4 038
4,114
23
108
24
4
4, 081
4,183
4,357
4,371
4, 126
4, 155
4,295
4,341
-45
28
62
30
4 388
4,568
4,707
4, 817
4 500
4, 576
4,731
4,769
-112
-8
-24
48
4,895
5,138
5,431
5,623
5,026
5,181
5,385
5, 670
-131
-43
46
-47
5,864
6, 010
6,366
6,382
5,972
6,101
6,256
6, 368
-108
—91
110
14
—60
3,145
3 175
3 208
3 424
4
4
5
6
3 621
3 882
3 949
3 857
4
4
7
6
3,811
3 854
3 646
3 433
3
4
3
1
3 390
3 433
3 804
3,892
2
2
2
2
3 959
4 074
4 109
4,076
2
2
2
3
4 050
4 214
4 365
4,382
4
6
8
11
4 404
4 591
4 736
4 916
16
23
29
34
4,680
5 482
5 564
5 770
35
39
63
92
6,027
6,165
6,595
6,676
163
155
229
294
6,661
6 465
6, 542
7,153
296
344
400
397
245
490
-70
6,365
6,366
6,632
6,686
6,286
6,374
6,530
6,658
79
-8
102
28
7,821
8 134
8 568
8,441
499
543
578
698
-270
—235
—300
7,052
7,356
7,690
7,793
7,013
7,344
7,645
7,790
39
12
45
3
7,589
9,566
9, 278
9,397
709
732
840
864
1,100
-600
7,980
8,234
8,438
8,533
8,046
8,288
8,508
8,643
-66
-54
-70
-110
9, 728
9,831
9,992
10, 319
791
847
857
748
50
50
8,987
9,034
9,135
9,471
8,813
9,025
9,221
9,392
174
9
-86
79
10, 768
11,767
12, 015
11, 098
998
9,720
10,404
10,468
10, 732
29,550
29,973
210,154
210,309
170
431
314
423
1,013
1,147
1,016
*Less than $500,000.
1" Balance of payments basis, excluding military shipments.
2. Equation ends in fourth quarter of 1970; 1971 data are projections.
—20
—45
—105
—85
-40
—40
50
-50
—45
45
35
-25
-65
250
—305
—70
-55
50
—100
-50
-350
-400
650
SURVEY OF CURRENT BUSINESS
May 1972
the equations, they were solved for the $331 million to $504 million (+3. 2 to
quarters beyond the period to which +4.8 percent). The exceptional conthey were fitted, using the actual ditions prevailing in 1971 were probvalues of the explanatory variables in ably the main causes of the large
those quarters. The equations for the errors. Anticipations of strikes, fears of
periods beginning in 1955 and ending imposition of quotas or other controls,
in 1967, 1968, and 1969 produce fore-and expectations of revaluations of
casts 1 year beyond the period of fit several leading currencies undoubtedly
with annual errors at a quarterly rate contributed to the extraordinary rise
ranging from —$102 million to $148 in imports. Revision of the 1971 values
million (—1.2 to +1.6 percent of of the independent variables used in the
actual imports) as shown in table 6. import equation will probably be much
The equations beginning in 1955 less important than revisions of the
and ending in 1967 and 1968 produce1971 variables used in the export equaforecasts for 1969 and 1970, respec- tion, but the adjustments for strikes
tively, with annual errors at a quarterly and other unusual occurrences may be
rate of —$108 million and $32 million changed as additional information be(—1.3 and +0.3 percent). However, comes available. (The equation fitted
the forecast errors for 1971 are much through 1969 predicted 1970 imports
larger: the equations beginning in 1955 with an error of 1.2 percent using data
and ending in 1967, 1968, 1969, and available in May 1971 for the explana1970 underestimate actual 1971 im- tory variables; it predicted 1970 imports by annual errors ranging from ports with essentially the same amount
of error using revised data available in
May 1972.)
26
NOTE
A technical appendix is available
upon request to the Balance of Payments Division, BEA. It contains
tables showing (1) the data input to the
equations, (2) the identification of all
special adjustments applied to U.S.
exports, U.S. imports, foreign industrial
production indexes, and foreign wholesale price indexes, and (3) the specifications of some of the additional export
and import equations that have been
tested, including equations in log form.
The appendix also includes notes explaining in detail the construction of
some of the variables included in the
equations.
Table 6.-—Import Equation Fitted to Various Time Periods
Regression period
A. Equations beginning in 1955:
1955-1—70-IV .
Constant
PCE
CBI
CPSQ
Pus
P/
T
Forecast error
1 year
forward
(quarterly rate
in millions
of dollars)
Se
BP
R2
D.W.
-7558. 73
(11. 63)
23.65
(32. 50)
11.02
(3.33)
6.45
(5.50)
57.88
(8.91)
-8.85
(1.44)
—58.86
(22. 25)
333
75
1.51
0.999
17
—6660. 50
(8.51)
23.49
(34. 47)
11.68
(3.55)
7.31
(K.82)
56.71
(9. 27>
-17.16
(2.37)
— 55.45
(18. 07)
148
70
1.49
.998
1 6,
—7304. 90
(8.08)
24.20
(29. 75)
12.66
(3. 66)
6.20
(4. 21)
58 35
(9.29)
—13.63
(1.74)
—60. 11
(14. 16)
— 102
71
1.60
.997
1.7
—7308. 35
(7.38)
24.29
(19. 33)
12.98
(3. 19)
6.12
(3.91)
58. 55
(8. 94)
-14.05
(1.36)
-60.46
(1.2. 30)
—4
75
1.74
.995
1.7
— 7138 82
(7.57)
24 33
(18. 39)
11 49
(3. 25)
5 92
(4. 12)
59.25
(4.76)
—9.20
(1. 44)
—61. 15
(13. 08)
335
77
1.51
.998
17
—5725.82
(5. 25)
24.78
(20. 05)
12.67
(3. 66)
6.47
(4.53)
45.82
(4.35)
— 19.14
(2. 52)
— 59.50
(13. 28)
168
71
1.47
.998
1.6
1956-1— 68-IV
—6358 12
(5.31)
25 53
(19. 13)
13 66
(3.76)
5 34
(3.28)
47.31
(4.41)
— 15. 69
(1.90)
—64.27
(11.87)
-105
72
1.58
.997
1.7
1956-1—67-IV
— 6118 44
(4.50)
26.14
(13.81)
13 62
(3. 25)
5.21
(3. 03)
46. 14
(4.06)
— 18.66
(1. 67)
—66.01
(10. 15)
—31
75
1.74
.995
1.7
1957_I_70_IV
-9092. 56
(7. 54)
20.87
(10. 61)
9.71
(2. 84)
7.19
(4. 92)
78.83
(5. 06)
—7.79
(1.30)
-47.52
(6. 20)
303
72
1.37
.999
1.7
1957-1—69-IV
—7645.38
(4.77)
22.29
(10. 62)
11.78
(3. 46)
6.97
(4. 90)
66.27
(3. 84)
-13. 82
(1. 79)
—51.30
(6. 7&
104
67
1.36
.998
1.4
1957-1— 68-IV
—9321 56
(5.25)
22.20
(10. 52)
12. *1
(3. 74)
5.59
(3. 65)
76.93
(4. 31)
—6.70
(. 80)
—54. 15
(7. 09)
—137
66
1.42
998
1.6
1957_I_67_IV
— Q818. 22
(4. 40)
21.38
(6.99)
13.74
(3.51)
5.49
(3. 37)
SO. 25
(3.83)
-2.73
(.22)
-52.05
(5. 22)
38
69
1.57
.996
1.6
1955-1—69-IV
1955-1— 68-IV
1955-1 —67-IV
. .
.
__
B . Equations beginning in 1956 :
1956-1 —70-IV
1956-1— 69-IV
.
C. Equations beginning in 1957:
NOTE: Figures in parentheses are "t" ratios.
By REGIONAL ECONOMICS DIVISION STAFF
Metropolitan Area Income In 1970
JLERSONAL income in the Nation's
standard metropolitan statistical areas
rose 7.1 percent in the aggregate from
1969 to 1970. Among SMSA's, changes
varied from increases of 14 percent in
Fort Myer and Fort Lauderdale, Fla.
to declines of 4 percent in MelbourneTitusville-Cocoa, Fla. and Augusta, Ga.
One-third of all SMSA's had income
increases within the comparatively narrow range of 6 to 8 percent. Outside
SMSA's, personal income rose 7.3 percent in the aggregate.
Per capita personal income (total income divided by total population) in
SMSA's averaged $4,283 in 1970, and
ranged from $5,410 in San FranciscoOakland, Calif, to $1,973 in McAllenPharr-Edinburg, Tex. Per capita income outside SMSA's was $3,032, only
71 percent of the SMSA average.
The geographic distribution of
SMSA's by rate of change in personal
income in 1970 is shown in table A. The
SMSA's with the largest increases were
in the Southeast, Southwest, Far West,
and in Alaska and Hawaii. Weakest
showing was in the Great Lakes region,
where 16 SMSA's had either income
declines or increases of less than 4 percent. However, the two SMSA's with
the largest declines—4 percent—were
in the Southeast: Melbourne-TitusvilleCocoa, Fla. and Augusta, Ga.
On a regional basis, above-average
1970 increases in personal income in
SMSA's occurred in six of the eight
regions delineated by BEA—Rocky
Mountain, Southwest, Southeast, Mideast, New England, and Plains, in that
order. However, in only the first three
was the rate of increase substantially
more than that in the Nation. Income
gains in the Far West and Great Lakes
were well below average.
Three factors—one local and two
national—were mainly responsible for
differences among SMSA's in rates of
change in total personal income from
1969 to 1970. These were: (1) the movement of people to SMSA's in southern
areas, both as retirees and as tourists
seeking recreation and entertainment;
(2) sharp reduction in military forces in
many areas; and (3) the recession of
1970, which centered mainly in a curtailment of manufacturing activity.
Developments affecting income change
in 1970 can be seen most clearly in the
SMSA's with the fastest and slowest
growth; these SMSA's are listed in
table B.
Table A.—Distribution oi SMSA's by Percent Change in Personal Income, 1969-70
United
States
Percent change
12.0 and more
10.0 to 11.9 _ _
8.0to9.9
6.0 to 7.9
4.0 to 5.9 .
2.0 to 3.9
0 to 1.9
Oto —1.9
—2.0 to —2.9
.
.
—3.0 and less
Total
.
16
33
61
84
33
16
4
3
1
2
253
New
Eng-
land
1
1
12
Mideast
5
10
16
2
Great
Lakes
2
4
12
15
12
2
1
1
Plains
1
4
9
4
1
Southeast
9
7
21
18
7
2
Southwest
4
11
5
7
2
1
1
Rocky
Mountain
4
5
1
Alaska
and
Hawaii
Far
West
2
1
11
9
3
1
1
1
2
2
14
33
49
19
68
31
10
27
2
Rapid growth areas
The continuing migration of people
to areas offering attractive climate and
outdoor recreational facilities was a
major factor in income expansion in the
fastest growing SMSA's in 1970. In 14
of the 16 top-ranking SMSA's, population growth was three to 10 times as
fast as the all-SMSA average. In five of
the 16 SMSA's, many of the inmigrants
were retirees who brought with them
incomes from retirement funds (mainly
social security and Federal civil service
retirement programs) and from personal
investments. Still other persons migrated to these areas to fill the jobs
created by the presence of the retirees.
Increased retiree income was a major
impetus to the increase in personal
income in the Fort Myers, Fort Lauderdale, Sarasota, and Tampa-St. Petersburg SMSA's in Florida and the Tucson
area in Arizona. With few exceptions,
each of these areas had large percentage
gains in total income, total population,
trade and service activities, transfer
payments, and property income.
The large percentage increases in
total income in the Honolulu, Las
Vegas, Reno, and Miami SMSA's
stemmed from exceptionally large gains
in the trade and service industries as
these recreation centers attracted tourists in large numbers. In Honolulu,
expanded Federal Government activity
also contributed to the income rise.
Special factors were mainly responsible for the large increases in personal
income in the remaining seven of the
top 16 SMSA's. Sharp increases in
military payrolls accounted for the
above-average increases in the Jacksonville (Fla.), Albany (Ga.), and KilleenTemple (Tex.) SMSA's. In Gainesville,
27
SUKVEY OF CURRENT BUSINESS
28
Table B.—SMSA's with Fastest and Slowest Rates of Personal Income Change, 1969-70
Slowest
Fastest
SMSA
Fort Myers Fla
Fort Lauderdale-Hollywood, Fla
Albany Ga
Killeen-Temple, Tex
Honolulu, Hawaii
Sarasota, Fla
Tallahassee, Fla_ Las Vegas Nev
SMSA
Percent
change
-
-
_ _•_ _
14.1
13.8
13 1
13. 0
13.0
12.9
12.8
12.7
Jacksonville, Fla
_ _ _
Tampa-St. Petersburg, Fla
Gainesville Fla
Tucson Ariz
12.6
12.5
12.2
12.2
McAllen-Pharr-Edinburg, Tex
Reno Nev
Bryan-College Station Tex
Miami, Fla
12.2
12.1
12.0
12.0
Percent
change
Melbourne-Titusville-Cocoa, Fla
Augusta, Ga-S.C
_
Flint, Mich
- -
Anderson, Ind Biloxi-Gulfport, Miss_.-_
Columbus, Ga-Ala
—1.4
-1.2
-.8
Seattle-Everett, Wash
Lansing, Mich
_
Saginaw, Mich_ ..
Lawton, Okla
Ann Arbor, Mich
Gadsden, A l a _
_
- - - . - _ _
Texarkana, Tex-Ark
Detroit, Mich
Fayetteville, N.C
.
..
_
-
.0
1.2
1.6
.
1.9
2.0
2.1
_
Battle Creek, Mich
Fla. and Bryan-College Station, Tex.,
gains in State and local payrolls—
stemming mainly from the universities
located there—provided the major stimulus. In Tallahassee, Fla., increased
State government payrolls were the
major factor, and in McAllen-PharrEdinburg, Tex., a spurt in agricultural
earnings provided the impetus. The
strong influence of climate on economic
growth within the United States is
reflected in the fact that of the 16
fastest growing SMSA's in 1970, eight
are in Florida and another seven are
generally on a line from southern
Georgia to Reno, Nev.; the 16th,
Honolulu, though far removed from
the others, presents especially desirable
climatic and scenic attractions.
Slower-growth areas
At the other end of the spectrum, the
major economic factors limiting the
1969-70 rise in personal income, or
causing an actual loss, were declines in
manufacturing and military activity.
In 11 of the 16 bottom-ranking
SMSA's—those with the smallest percentage increases or actual delines—
there were drops in earnings of persons
from manufacturing ranging from 5 to
25 percent. Because manufacturing
earnings account for between 25 and 50
percent of total personal income in
these areas, the declines had a large
impact on total income. Six of these 11
SMSA's are in Michigan: Flint, Lansing, Saginaw, Ann Arbor, Detroit, and
Battle Creek. The other five are Ander-
—4.1
-3.9
—2 7
2.2
2.4
2.4
2.5
son (Ind.), Seattle-Everett (Wash.)
Gadsden (Ala.), Melbourne-TitusvilleCocoa (Fla.), and Texarkana (Tex.).
Reduced military payrolls were the
factor limiting income expansion in
another four low-ranking SMSA's—
Biloxi-Gulfport (Miss.), Columbus
(Ga.), Lawton (Okla.), and Fayetteville (N.C.). In Augusta, Ga., a drop of
one-third in military pay and a bare
1-percent increase in income from manufacturing were mainly responsible for
the 4-percent decline in total personal
income.
Transfer payments expand
Transfer payments were an expansionary factor in nearly all SMSA's in
1970. Nationally, transfers increased
21 percent—three times the rate of increase in total personal income and
nearly twice the rate of increase in any
other major income source. This expansion was due in part to major increases in social insurance and welfare
payments and in part to large unemployment insurance benefits.
In their effect on regional income
change, transfer payments were a major
influence in both rapid-growth and lagging SMSA's. Among the former, they
were a major cause of income growth;
among the latter, they were a symptom
of, and a partial offset, to economic
distress.
In rapid-growth areas, transfer payments usually are of above-average
importance. With this type of income
increasing sharply in 1970, areas with
May 1972
large amounts of transfer income benefited more than other areas. Moreover,
many new retirees move into retirement areas each year, bringing additional transfer income with them. The
expenditure of these increments of
transfers in 1970 resulted in increased
activity in the trade and service
industries, thereby further boosting
personal income in the fast-growing
areas.
In the slower growing SMSA's,
transfer payments were an even more
expansionary influence because these
SMSA's were in most instances areas
where manufacturing activity declined
and where there consequently were
exceptionally large gains in unemployment benefits. These gains often ranged
from 200 to 300 percent or more. The
increases in unemployment benefits
were of course not a net gain in income,
but rather a partial offset to the decline
in manufacturing payrolls.
Per capita income
Per capita income change varied
among the 253 SMSA's. In 30 SMSA's,
per capita income as a percent of the
national average rose by 3 percentage
points or more. These areas were
scattered throughout the Nation in all
regions except New England; 18 of the
30 were in the Southeast and Southwest regions where average incomes are
lowest and where the historical rate of
increase has been largest.
There were 33 SMSA's where per
capita incomes as a percent of the national average declined by 3 percentage
points or more; 20 of these were in the
Great Lakes region, the region with the
slowest income growth. Here, a decline,
or slow growth, in manufacturing was
mainly responsible. There were six
SMSA's in the Southeast that suffered
substantial relative decline in per
capita income. In five of these, declines
in military payrolls were responsible.
In the sixth, Melbourne-TitusvilleCocoa, Fla., a drop of 25 percent in
manufacturing earnings was responsible.
Scope of Report
The metropolitan area data presented
here update and broaden the income
series introduced in the May 1967
May 1972
SURVEY. The existing series, covering
selected years from 1929 to 1965 and
every year thereafter, is extended to
cover 1970 in this report. In addition,
the 20 new SMSA's designated by the
Office of Management and Budget in
1971 have been added.
The classification of SMSA's used in
this report accords with the official
definitions as made by the Office of
Management and Budget with the
following exceptions.
In New England, SMSA's are defined
officially in terms of cities and towns
instead of counties. Because satisfactory
data for measuring local-area income are
available on a county basis but not for
cities and towns, SMSA's in New
England were redefined for use in the
metropolitan area income series to
conform to a county basis. This reduced
the number of SMSA's in New England
from 23 to 14.
In Vermont and Wyoming—States
without official SMSA's—Burlington
and Cheyenne, respectively, are treated
here as SMSA's. Because the U.S.
national income accounts do not cover
territories and possessions, the four
SMSA's in Puerto Rico aie omitted
from the scries.
Geographic boundaries of officially
designated SMSA's are changed from
time to time. For this series, however,
the geographic definition of each SMSA
is held constant over the entire period
1929-70. That is, counties included in
an SMSA as of 1972 are also included in
each earlier year even though they may
not then have been officially part of the
SMSA.
Personal income defined
Personal income is the current income
of persons in an area from all sources. It
is measured before deduction of income
and other personal taxes, but after
deduction of personal contributions to
social security, government retirement,
and other social insurance programs. It
consists of wages and salaries (in cash
and in kind, and including tips and
bonuses as well as contractual compensation), various types of supplementary earnings termed "other labor
income" (the largest item of which is
employer contiibutions to private pen-
SUEVEY OF CURRENT BUSINESS
29
sion and welfare funds), net incomes of oration or for evaluating the effect of a
owners of unincorporated businesses remedial program. The
"where(farm and nonfarm, including the in- received" version is useful in the analycomes of independent professionals), net sis of consumer markets and purchasing
rental income, dividends, interest, and power. When expressed on a per capita
government and business transfer pay- basis, it can also be used as an indicator
ments (consisting of disbursements to of living standards and welfare.
pei sons for which no services are renPersonal income is shown on both a
dered currently, such as unemployment where-earned and a where-received
benefits, social security payments, and basis in table 1. The where-earned total
welfare and relief payments).
is classified by type of income and the
To measure personal income on a local earnings component of the where-earned
area basis, criteria must be established total by industrial source in table 2.
for allocating income to these areas.
In the case of labor and entrepreneurial Comparison with national totals
income, appropriate criteria are the inThe U.S. totals in the accompanying
come recipient's place-of-work or his tables differ from those in the national
place-of-residence. The difference beincome and product accounts for two
tween the two is the net flow of
commuters' earnings.1 The distinction reasons. First, the national accounts
between place of work and of residence include and the SMSA series excludes
cannot be applied to the other compo- the wages and salaries received by
nents of the income flow—property Federal civilian and military employees
incomes and transfer payments. For stationed abroad temporarily. Second,
them, residence is the only applicable because of the huge volume of calculaprinciple of classification.2
tions involved in the SMSA series (100
Two versions of area personal income separate income items are estimated for
are presented in this report; they differ each of approximately 3,100 counties),
in the treatment of the earnings com- it has not been feasible to maintain the
ponent, which is the sum of wages and same schedule of revisions in the
salaries, other labor income, and pro- SMSA series as in the national accounts.
prietors' income. In the first version, However, the SMSA estimates in this
termed "where-earned," earnings reflect
report are in full accord with revised
place of work. In the second version,
national totals from 1966 through 1970.
termed "where-received," earnings reflect place of residence. The measures Availability of unpublished data
of property and transfer income are the
A large amount of local area income
same for both versions.
information beyond that in this report
The "where-earned" version is useful
for analyzing an area's income structure is now available. A sample of the detail
by industrial origin and by type of available is shown on page 44. Compaincome.lt provides a tool, for example, rable tables are available for any SMSA
for identifying the factors underlying and for most of the 2,630 non-SMSA
an area's economic progress or deteri- counties. Also, counties can be grouped
in any specified combination. The cost
of special tabulations of unpublished
1. An area's earnings on a place-of-work basis minus the
data is computed at $10 per area (SMSA
earnings of persons who work in the area but reside in
another area, plus the earnings of persons who reside in the
or county) for table 5.00 (see page 44)
area but work in another, equal the area's earnings on a
plus $1 per area for each of tables
residence basis.
2. In the case of property incomes, an alternative criterion
5.01-5.06. Address requests for tabularesembling the place-of-work criterion would be possible,
tions to the Regional Economics Divie.g., the allocation of these incomes to the areas in which the
businesses that generate these incomes are located. However/
sion, Bureau of Economic Analysis,
conceptual and statistical difficulties stand in the way of the
application of this criterion. Even if these difficulties could be
U.S. Department of Commerce, Washresolved, it would not be advisable to apply the criterion to
ington,
D.C. 20230, specifying the
the property income component of personal income. Property
income cannot be transformed into a satisfactory measure of
area and tables desired. A cost estimate
the contribution of capital to production, mainly because it
will be issued immediately.
excludes all components of profits other than dividends.
SURVEY OF CURRENT BUSINESS
30
May 1972
Table 1.—Total Personal Income, by SMSA's and
Total personal income, where earned
Millions of dollars
Line
1 Total United States
SumofSMSA's
2
Non-SMSA area
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
-
-- -- --
--
--
-
New England:
Boston Miass
Bridgeport-Norwalk-Stamford, Conn _.
Burlington Vt
Fall River-New B~edford, Mass
Hartford-New Britain, Conn
Lewiston-Auburn, Maine
_ -- .
Manchester, N.H
_ ..
New Haven-Waterbury-Meriden, Conn
Norwich-Groton-New London Conn
Pittsfield Mass
- - --
- -
- -
- __
Portland-South Portland, Maine
P r o vidence-Pawtucket- Warwick R . I
Springfield-Chicopee-Holyoke, Mass
Worcester-Fitchburg-Leominster, Mass _ . _ :
SumofSMAS's
- Non-SMAS area
-
_ . , _ _ _ _ _
--
-
MIDEAST:
Albany-Schenectady-Troy, N.Y
--20
Allentown-Bethlehem-Easton PA — N.J
21
Altoona Pa
- 22
Atlantic City NJ
-23
Baltimore Mid
- -- -- 24
Binghamton N Y Pa
25
Buffalo NY
-26
Elmira'NY
_.
27
Erie Pa
-28
Harrisburg Pa
29
-
--
30
31
32
33
34
35
36
37
38
39
Jersey City NJ
Johnstown Pa
- Lancaster Pa
-- - Lonsr Branch-Asbury Park N J '
New Brunswick-Perth Amboy-Sayreville, N.J
New York NY
-- - Newark N J
Paterson-Clifton-Passaic NJ
Philadelphia Pa -N J
--___
__ _.
Pittsburgh Pa
- -- -
40
41
42
43
44
45
46
47
48
49
Poughkeepsie N Y
Reading Pa
Rocheste'r N~Y
- - Scranton Pa
Syracuse N Y
Trenton N J
Utica-Rome N Y
.... _
Vineland-Millville-Bridgeton N J
Washington D C MD -VA
Wilkes-Barre-Hazleton, Pa
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
Williamsport Pa
Wilmington Del-NJ-MD
York Pa
Sum of SJMS A's
Non-SMSA area
Great Lakes:
Akron Ohio
Anderson Ind
Ann Arbor Mich
Appleton-Oshkosh Wis
Battle Creek Mich
Bay City, Mich
Bloomington- Normal, 111
Canton, Ohio
Champaign-Urbana 111
Chicago HI
-
--
--___
--
-
-
-
-
-
-
--
-
..
75
76
77
78
79
Gary-Hammond-East Chicago Ind
Grand Rapids Mich
Greenbay W i s
Hamilton- Middletown, Ohio
Indianapolis. Ind.
.
- --
--
--
-
Cincinnati Ohio-Ky -Ind
Cleveland Ohio
Columbus, Ohio
D avenport-Rock Island-M oline, Iowa-Ill
Dayton, Ohio
Decatur, HI
.
Detroit Mich
E vansville Ind -Ky
Flint, Mich
Fort Wayne Ind
-
--
-
-
65
66
67
68
69
70
71
72
73
74
See footnotes at end of table.
--
-
-
-
- -
-
.
_ . _- .
- ---
- ---- ._.
-
- ---
-
-
____
-
-
1950
1959
1962
1965
1966
1967
1968
1969
1970
226,197
168,985
57,212
382,840
297,569
85,271
440,190
341,616
98,574
534,816
415,260
119,556
580,535
450,402
130,133
625,490
487,146
138,344
684,746
534,033
150,713
745,869
581,406
164,463
798,949
622,480
176,469
5,072
916
72
590
1,134
112
247
996
235
216
8,328
1,709
138
783
2,009
161
399
1,698
456
318
9,567
2,086
161
895
2,323
173
474
1,971
493
383
11, 321
2,475
202
1,039
2,872
195
558
2,361
651
417
12, 172
2,733
243
1,116
3,192
215
622
2,545
711
452
13,438
3,122
279
1,205
3,592
228
693
2,711
720
497
14,701
3,374
324
1,313
3,868
251
769
2,938
779
543
16,049
3,685
358
1,429
4,186
269
843
3,190
858
572
17,401
3,938
398
1,543
4,446
291
894
3,402
917
610
220
1,115
759
878
12,562
2,293
386
1,536
1,188
1,251
20,360
3,715
430
1,751
1,303
1,422
23,431
4,282
503
2,057
1,549
1,691
27,888
5,155
530
2,220
1,674
1,813
30,240
5,579
580
2,430
1,786
1,926
33,208
6,060
636
2,641
1,942
2,078
36,158
6,613
692
2,793
2,086
2,255
39,265
7,157
741
3,009
2,228
2,420
42,236
7,687
958
737
182
189
2,482
339
1,923
137
370
497
1,492
1,115
251
301
4,097
616
3,205
213
510
831
1,709
1,272
272
360
4,731
700
3,375
230
574
896
2,047
1,545
318
416
5,764
810
3,973
279
710
1,076
2,198
1,651
337
444
6,228
871
4,210
311
758
1,171
2,367
1, 748
362
496
6,721
946
4,470
341
786
1,298
2,542
1,910
393
548
7,390
1,035
4,848
362
834
1,418
2, 745
2,072
432
591
8,001
1,109
5,166
377
898
1,575
3,031
2,239
466
644
8,660
1,183
5,463
404
981
1,720
1,115
343
375
307
463
20, 303
2,801
1,465
6,356
3,724
1,622
437
606
590
977
32,171
4,713
2,820
10, 722
5,763
1,830
470
678
719
1,180
37, 161
5,495
3,326
11, 981
6,008
2,032
552
818
919
1,469
43,303
6,657
4,059
13, 968
7,077
2,161
586
892
1,008
1,598
46,211
7,115
4,362
15,231
7,601
2,298
615
941
1,148
1,758
50, 109
7,599
4,775
16, 390
8,067
2,467
656
1,000
1,247
1,933
54,968
8,257
5,249
17, 734
8,695
2,633
708
1,101
1,363
2,116
59, 310
8,938
5,728
19,239
9,281
2,833
671
1,197
1,482
2,348
63, 599
9,687
6,238
20,494
9,898
204
412
1,066
319
724
437
416
136
3,068
489
374
602
1,922
420
1,229
743
704
236
5,472
584
488
667
2,148
465
1,451
802
769
277
6,647
627
693
808
2,680
531
1,673
1,004
874
321
8,598
738
669
870
2,943
562
1,825
1,075
956
349
9,352
796
714
925
3,211
607
1,954
1,163
1,017
372
10, 133
880
795
1,005
3,508
652
2,080
1, 269
1,098
410
11, 239
967
883
1,091
3,800
707
2,240
1,387
1, 189
446
12,350
1, 049
972
1,167
4,022
755
2,395
1,493
1,276
482
13, 623
1,139
147
656
384
53,526
6,360
219
1,193
600
87,353
9,731
237
1,376
658
99,579
10,814
284
1,739
798
118,533
13, 071
310
1,869
859
127,379
14, 153
338
1,930
945
137,424
15,358
366
2,092
1,046
150,013
16,662
390
2,270
1,167
162,354
18, 190
421
2,447
1,287
174,803
19,620
800
171
238
290
215
120
112
467
164
10,806
1,414
304
441
500
329
195
175
766
280
17, 911
1,556
347
544
571
346
198
217
833
326
20, 119
1,847
425
735
705
433
262
263
1,019
416
24,141
1,973
442
815
780
484
287
289
1, 097
488
26, 095
2,124
454
890
818
513
304
328
1,159
537
27, 800
2,349
498
1,029
894
542
334
349
1,259
551
30, 036
2,540
537
1,131
976
589
364
375
1,381
609
32, 529
2,668
530
1,154
1,046
604
376
402
1,457
641
34,493
1,746
3,044
939
510
976
165
6,112
315
533
346
3,112
5, 164
1,796
800
1,780
287
9,547
436
1,017
575
3,344
5,624
2,011
848
1,996
308
10, 497
483
1,186
699
3,900
6,852
2,425
1,046
2,493
399
14,207
629
1,610
875
4,259
7,372
2,626
1,153
2,753
446
15,397
683
1,666
965
4,588
7,742
2,827
1,247
2,987
483
16, 141
735
1,714
1,019
4,992
8,467
3,141
1,334
3,226
526
17, 931
792
1,943
1,111
5,389
9,197
3,421
1,406
3,616
572
19, 523
868
2,102
1,221
5,763
9,519
3,694
1, 486
3,776
616
19, 993
910
2,044
1,288
725
632
144
245
1,353
1,401
1,036
253
447
2,306
1,523
1,149
288
486
2,648
1,890
1,456
347
583
3,269
2,007
1,604
379
633
3,569
2,075
1,724
418
686
3,789
2,255
1,879
462
731
4,129
2,476
2,041
505
778
4,499
2,569
2,130
548
830
4,678
SURVEY OF CURRENT BUSINESS
May 1972
31
Non-SMSA's, Selected Years, 1950-70
Total personal income, where received
Total personal income, where earned -continued
Percent of
United States
Average annual rates of growth
1950-59
1959-65
1965-70
1950-70
1959-70
1969-70
1959
1970
Millions of dollars
Line
1959
1962
1965
1966
1967
1968
1969
1970
6.02
6.49
4.53
5.73
5.71
5.79
8.36
8.43
8.10
6.51
6.74
5.79
6.92
6.94
6.84
7.12
7.06
7.30
100.00
77.73
22.27
100.00
77.91
22.09
382,840
296,249
86,591
440 190
340,164
100,026
534,816
413,517
121,299
580,535
448,513
132,022
625,490
485,120
140,370
684,746
531,812
152,934
745,869
578,906
166,963
798,949
619,806
179,143
1
2
3
5.67
7.17
7.43
3.19
6.56
4.11
5.49
6.10
7.64
4.40
5.25
6.36
6.58
4.82
6.14
3.19
5.73
5.65
6.12
4.64
8.98
9.74
14.55
8.23
9.13
8.36
9.89
7.58
7.10
7.90
6.36
7.56
8.91
4.92
7.07
4.88
6.65
6.33
7.05
5.34
6.93
7.88
10.13
6.35
7.49
5.51
7.60
6.52
6.56
6.11
8.43
6.88
11.22
7.94
6.23
7.94
6.02
6.65
6.79
6.51
2.18
.45
.04
.20
.52
.04
.10
.44
.12
.08
2.18
.49
.05
.19
.56
.04
.11
.43
.11
.08
8,339
1,752
138
807
1,905
164
403
1,726
451
319
9,579
2,138
162
933
2,203
176
478
2,002
510
385
11,335
2,534
202
1,099
2,662
198
562
2,400
667
419
12,188
2,799
243
1,189
2,961
219
628
2,588
736
454
13,455
3,197
280
1,294
3,332
232
699
2,755
795
499
14, 720
3,454
324
1,413
3,573
255
775
2,985
853
545
16,070
3,773
358
1,512
3,862
274
850
3,241
936
575
17,423
4,031
398
1,621
4,100
296
901
3,455
1,003
612
4
5
6
7
8
9
10
11
12
13
6.46
3.62
5.10
4.01
5.51
5.51
4.52
4.98
4.52
5.16
5.38
5.61
8.07
7.91
7.54
7.43
8.66
8.32
6.28
5.09
5.53
5.20
6.25
6.24
6.12
6.30
5.88
6.18
6.86
6.83
7.09
7.74
6.79
7.30
7.57
7.41
.10
.40
.31
.33
5.32
.97
.09
.38
.28
.30
5.29
.96
385
1,560
1,198
1,279
20,425
3,860
429
1,777
1,314
1,454
23,540
4,460
503
2,088
1,652
1,729
27,960
5,369
530
2,255
1,688
1,854
30,331
5,813
580
2,467
1,801
1,969
33,356
6,316
636
2,681
1,957
2,124
36,298
6,889
692
2,835
2,103
2,306
39,387
7,464
741
3,053
2,245
2,472
42,353
8,011
14
15
16
17
18
19
5.05
4.70
3.63
5.31
5.73
6.88
5.84
5.03
3.61
5.88
5.41
5.59
4.03
5.51
5.85
4.67
3.64
4.63
5.67
4.40
8.17
7.70
7.92
9.14
8.48
7.87
6.58
7.69
6.70
9.82
5.93
5.71
4.81
6.32
6.45
6.46
5.36
5.58
5.00
6.40
6.66
6.54
5.78
7.15
7.04
6.11
4.97
6.01
6.14
6.83
10.41
8.07
7.71
8.81
8.24
6.70
5.75
7.21
9.25
9.22
.39
.29
.07
.08
1.07
.16
.84
.06
.13
.22
.38
.28
.06
.08
1.08
.15
.68
.05
.12
.22
1,489
1,099
245
307
4,098
619
3,191
207
505
815
1, 705
1,253
265
366
4,732
703
3,360
223
568
880
2,042
1,521
310
423
5,765
814
3,955
271
702
1,058
2,193
1,625
328
452
6,229
875
4,190
301
750
1,145
2,362
1,720
353
505
6,722
950
4,450
330
777
1,252
2,536
1,880
383
558
7,392
1,039
4,825
351
824
1,384
2, 739
2,039
421
602
8,002
1,113
5,142
366
888
1,535
3,024
2,203
454
655
8,661
1,188
5,438
392
970
1,681
20
21
22
23
24
25
26
27
28
29
4.25
2.73
5.49
7.52
8.65
5.25
5.95
7.55
5.98
4.97
3.83
3.99
5.12
7.67
7.03
5.08
5.92
6.26
4.51
3.48
6.87
6.63
7.91
10.02
9.83
7.99
7.79
8.98
7.97
6.94
4.77
4.07
5.98
8.19
8.45
5.88
6.40
7.51
6.03
5.01
5.20
5.18
6.38
8.73
8.30
6.39
6.77
7.48
6.07
5.04
7.59
7.41
8.75
8.69
10.95
7.23
8.38
8.91
6.52
6.66
.42
.11
.16
.15
.26
8.40
1.23
.74
2.80
1.51
.35
.10
.15
.19
.29
7.96
1.21
.78
2.57
1.24
1,610
437
608
742
31,457
4,666
3,457
10, 771
5, 695
1,816
471
680
908
1,229
36,309
5,439
4,078
12, 036
5,934
2,016
553
820
1,170
1,539
42,310
6,588
4,869
14,033
6,987
2,144
587
894
1,275
1,669
45, 133
7,039
5,195
15,302
7,502
2,279
615
943
1,407
1,844
7^518
5,704
16, 466
7,964
2,448
656
1,003
1,549
2,033
53,691
8,170
6,287
17,816
8,582
2,612
709
1,103
1,694
2,224
57, 919
8,844
6,791
19,328
9,160
2, 811
761
1,200
1,849
2,440
62, 122
9,584
7,265
20, 586
9,771
30
31
32
33
34
35
36
37
38
39
6.98
4.30
6.77
3.12
6.06
6.08
6.02
6.29
6.64
1.99
10.81
5.02
5.70
3.98
5.27
5.14
3.67
5.25
7.82
3.96
6.98
7.64
8.46
7.28
7.43
8.25
7.85
8.46
9/. 64
9.08
8.12
5.34
6.87
4.41
6.17
6.34
5.76
6.52
7.74
4.32
9.06
6.20
6.94
5.47
6.25
6.55
5.55
6.69
8,64
6.26
10. 00
6.93
5.84
6.79
6.88
7.59
7.27
7.97
10.30
8.55
.10
.16
.50
.11
.32
.19
.18
.06
1.43
.15
.12
.15
.50
.09
.30
.19
.16
.06
1.71
.14
374
608
1,900
422
1,223
694
695
230
5,433
601
487
674
2,123
466
1,443
792
759
269
6,595
655
692
816
2,647
533
1,664
948
862
312
8,526
766
668
879
2,905
564
1,815
1,037
942
339
9, 273
818
712
935
3,169
610
1,943
1,129
1,002
361
10, 046
896
793
1,015
3,462
654
2,068
1,213
1,083
398
11, 142
971
882
1,102
3,750
710
2,227
1,298
1,172
433
12, 242
1,053
970
1, 179
3,970
758
2,381
1,358
1,258
468
13, 503
1,135
40
41
42
43
44
45
46
47
48
49
4.47
6.88
5.10
5.59
4.84
4.47
6.49
4.85
5.22
5.04
8.17
7.07
10.04
8.08
8.46
5.39
6.81
6.24
6.10
5.79
6.13
6.75
7.18
6.51
6.58
7.97
7.79
10.29
7.67
7.86
.06
.31
.16
22.82
2.54
.05
.31
.16
21.88
2.46
216
1, 168
613
87, 186
10,051
234
1,346
672
99,473
11,165
281
1,700
815
118,308
13,509
306
1,825
879
127,079
14,625
334
1,883
966
137,088
15,861
362
2,041
1,069
149,678
17,209
385
2,215
1,193
161,895
18,796
416
2, 388
1,316
174, 156
20,270
50
51
52
53
54
6.53
6.62
7.11
6.24
4.83
5.53
5.04
5.65
6.09
5.78
4.55
5.73
8.88
5.90
4.66
5.05
7.02
4.88
6.84
5.10
7.63
4.50
9.45
8.20
6.87
7.46
8.88
7.41
9.05
7.40
6.21
5.82
8.23
6.63
5.29
5.87
6.59
5.85
7.05
5.98
5.94
5.17
9.14
6.94
5.66
6.14
7.86
6.02
7.84
6.14
5.03
-1.44
2.00
7.16
2.54
3.08
7.34
5.49
5.36
6.04
.37
.08
.12
.13
.09
.05
.05
.20
.07
4.68
.33
.07
.14
.13
.08
.05
.05
.18
.08
4.32
1,441
289
430
495
303
211
178
748
277
17, 840
1,585
327
484
565
342
229
220
814
323
20, 038
1,883
387
670
698
419
296
267
994
412
24,041
2,011
432
744
772
465
325
294
1,068
483
25, 984
2,164
454
781
809
507
343
333
1,130
532
27,681
2,394
494
880
884
537
375
355
1,227
546
29, 907
2,589
534
1,013
965
550
405
381
1,346
603
32, 387
2, 718
545
1,091
1,035
558
416
409
1,420
635
34, 344
55
56
57
58
59
60
61
62
63
64
6.63
6.05
7.48
5.14
6.90
6.32
5.08
3.70
7.44
5.79
3.83
4.83
5.13
4.56
5.77
5.65
6.85
6.27
7.96
7.24
8.12
6.79
8.78
7.29
8.66
9.08
7.07
7.68
4.88
8.05
6.15
5.87
7.09
5.50
7.00
6.81
6.11
5.46
6.95
6.79
5.76
5.72
6.77
5.79
7.08
7.20
6.95
6.91
6.55
7.61
6.93
3.51
7.96
5.72
4.44
7.70
2.40
4.85
-2.73
5.45
.81
1.35
.47
.21
.46
.07
2.49
.11
.27
.15
.72
1.19
.46
.19
.47
.08
2.50
.11
.26
.16
3,099
5,061
1,750
786
1,720
277
9,545
426
996
534
3,329
5,510
1,957
832
1,927
298
10, 495
472
1,160
640
3,882
6,707
2,358
1, 025
2,401
385
14,204
613
1,573
820
4,240
7,210
2,551
1,129
2,649
430
15, 393
665
1,627
911
4,567
7,574
2,746
1,222
2,875
465
16, 137
717
1,673
945
4,968
8,280
3,049
1,308
3,104
507
17, 927
772
1,897
1,027
5,363
8,993
3,321
1,379
3,477
550
19,519
846
2,051
1,133
5,735
9,312
3,585
1,458
3,635
593
19,988
887
1,998
1,200
65
66
67
68
69
70
71
72
73
74
7.59
5.64
6.46
6.92
6.11
5.11
5.83
5.40
4.53
5.99
6.34
7.90
9.54
7.30
7.44
6.53
6.26
6.91
6.30
6.40
5.67
6.77
7.26
5.78
6.64
3.75
4.35
8.53
6.60
3.99
.37
.27
.07
.12
.60
.32
.27
.07
.10
.59
1,352
1,020
251
445
2,296
1,469
1,129
286
484
2,637
1,819
1,431
344
581
3,254
1,932
1,575
375
631
3, 553
1,997
1,692
414
683
3,771
2,170
1,845
457
728
4,110
2,382
2,003
500
775
4,478
2,472
2,091
542
826
4,657
75
76
77
78
79
QQ4
May 1972
SURVEY OF CUREENT BUSINESS
32
Table 1.—Total Personal Income, by SMSA's and
Total personal income, where earned
Line
Millions of dollars
1950
80
81
82
83
84
Great Lakes— Continued
Jackson, Mich
Kalamazoo, Mich_
Kenosha, Wis
La Crosse, Wis
Lafayette-West Lafayette, Ind
_ _._ .
85
86
87
88
89
90
91
92
93
94
Lansing-East Lansing, Mich
Lima, Ohio
Lorain-Elyria, Ohio
--Madison, Wis
Mansfield, Ohio
Milwaukee, Wis
Muncie, Ind
Muskegon-Muskegon Heights, Mich
Peoria, 111
Racine, Wis
95
96
97
98
99
100
101
102
103
104
105
Rockford, 111
Saginaw, Mich
_
._
South Bend, Ind
Sprinfield, 111
Springfield, Ohio
.
Steubenville-Weirton Ohio-W. Va
Terre Haute, Ind
Toledo, Ohio-Mich
. _
__ . .
Youngstown-Warren, Ohio
Sum of SMSA's
Non-SMSA area
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
Plains:
Cedar Rapids, Iowa
Columbia, Mo
Des Moines, Iowa
_
Dubuque Iowa
Duluth-Superior, Minn.- Wis
Fargo-Moorehead, N. Dak.-Minn_.
Kansas City, Mo. -Kans
Lincoln, Nebr
Minneapolis-St. Paul, Minn
Omaha, Nebr.-Iowa
Rochester, Minn
Sioux City, lowa-Nebr
Sioux Falls, S. Dak
Springfield, Mo
St. Joseph, Mo
St. Louis, Mo.-Ili
Topeka, Kans.
Waterloo, Iowa
Wichita, Kans
Sum of SMSA's
Non-SMSA area.
Southeast:
Albany, Ga. __
Alexandria, La
AsheviUe, N.C
Atlanta, Ga
Augusta, Ga.-S.C
Baton Rouge, La
Biloxi-Gulfport, Miss
Birmingham, Ala
Charleston, S.C
Charleston, W. Va
-..
_ ..
-
___
___
._.
•.__•
__.
-
•_ _ ...
.
. . .
137
138
139
140
141
142
143
144
145
146
Charlotte, N.C
Chattanooga, Tenn.-Ga
nnlirmhia, P.O
. . _ _ _ _ _
Columbus, Ga.— Ala
D a y tona Beach, Fla
_
_ _ _ _
Durham, N C
Fayetteville, N.C
_
__ .
Florence, Ala
Fort Lauderdale-Hollywood, Fla
Fort Myers, Fla
147
148
149
150
151
152
153
154
155
156
Fort Smith, Ark.-Okla
Gadsden, Ala
Gainsville, Fla
Gastonia, N.C
_.
__
Greensboro- Wins ton-Salem-High Point, N.C
Greenville, S.C
1
Huntington-Ashland, W. Va.-Ky.-Ohio
Huntsville, Ala
Jacksonville, F l a
_
_ _
. _ _ _
_ _
Jackson, Miss
__
157
158
Knoxville, Tenn
Lafayette, La
See footnotes at end of table.
__
_
. _
. _ _ _
_
______
1962
1959
1965
1966
1968
1967
1969
1970
175
219
135
101
111
295
390
280
154
199
313
444
309
167
228
408
548
354
208
293
458
616
340
231
327
483
670
333
243
342
523
733
356
263
364
576
793
381
281
408
596
841
426
302
434
367
209
254
273
162
1,992
152
199
520
209
665
316
449
511
299
3,405
237
316
791
312
741
370
500
599
318
3,787
284
353
812
354
1,002
443
635
735
378
4,464
352
429
1,062
468
1, 097
501
678
817
411
4,835
374
478
1,146
497
1,189
523
673
875
431
5,122
389
504
1,218
536
1,351
587
793
957
478
5,469
422
531
1,313
565
1,480
650
866
1,043
515
5,877
458
582
1,391
623
1,498
679
902
1,148
539
6,207
474
601
1,514
650
353
247
490
216
188
248
215
970
648
39,819
10,640
584
425
692
341
280
389
306
1,452
1,124
66,485
16,414
664
470
675
407
306
429
345
1,571
1,206
73,801
18,789
847
653
769
494
382
536
408
1,900
1,467
91,461
23,257
940
697
835
529
427
541
441
2,067
1,563
99,109
25,520
1,004
727
878
581
456
561
463
2,199
1,646
105, 147
26,929
1,071
806
947
624
487
588
500
2,436
1,847
114,769
29,284
1,134
867
1,002
666
532
616
561
2, 657
2,050
124,654
31,800
1,178
881
1,034
728
564
664
605
2,815
2,113
130,605
33,507
202
53
427
110
363
149
1,424
185
2,128
619
368
105
739
171
526
221
2,631
361
3,847
1,082
424
120
789
189
575
266
2,996
415
4,499
1,286
490
164
885
248
663
287
3,687
482
5,455
1,488
539
176
976
265
716
292
3,985
484
5,961
1,602
572
186
1,042
278
755
329
4,370
516
6,540
1,739
610
206
1,117
301
807
355
4,798
562
7, 247
1,873
655
222
1,203
331
851
382
5,184
629
8,060
2, 066
690
245
1,298
357
930
410
5,558
679
8,647
2,249
74
201
104
147
148
3,163
173
191
475
10,337
10,310
141
273
154
250
212
5,236
330
339
955
17,942
13, 167
189
290
195
280
230
5,792
374
334
1,029
20,274
15,713
236
315
221
325
241
7,089
439
377
1,126
24,217
18,846
255
341
235
347
256
7,653
454
420
1,227
26, 184
20,487
275
365
290
391
282
8,220
523
429
1,319
28,420
21,066
307
396
318
437
301
8,888
566
466
1,410
30,965
22,625
334
416
343
473
319
9,473
613
489
1,453
33,497
24,901
357
437
360
516
345
10, 135
653
514
1,497
35,876
26,274
52
88
145
1,166
195
244
123
817
203
355
122
159
224
2,324
370
510
190
1,394
360
569
145
169
258
2,775
491
531
240
1,511
434
585
188
211
327
3,721
605
664
270
1,826
550
654
207
226
354
4,114
744
764
327
1,939
629
704
200
259
378
4,524
776
875
334
2,048
712
768
216
287
411
5,064
845
975
391
2, 215
791
797
246
304
448
5,730
922
1,009
444
2,415
856
833
278
325
479
6,212
886
1,068
439
2,605
907
908
351
324
211
238
84
152
150
82
130
28
673
552
430
363
194
254
231
156
589
86
822
608
488
405
235
306
309
197
732
111
1,051
779
636
568
333
377
383
240
1,035
152
1,173
868
720
647
356
415
418
256
1,161
174
1,303
937
770
699
393
481
548
271
1,388
197
1,443
1,025
856
770
445
536
609
292
1,666
226
1,607
1,127
945
807
493
593
665
329
2,020
276
1,766
1,208
1,042
800
536
655
681
350
2,299
315
128
105
50
145
579
244
283
71
436
213
208
164
113
212
1,067
420
472
278
938
393
262
161
142
246
1,277
517
511
327
1,100
460
270
196
192
314
1,587
646
630
547
1,323
554
289
218
213
351
1,771
747
673
598
1,433
602
322
233
242
369
1,958
802
717
596
1,543
650
350
260
271
406
2, 153
888
756
641
1,717
715
392
279
304
441
2,400
970
820
674
1,885
781
427
285
341
465
2,619
1,055
899
720
2,121
838
458
64
682
141
761
161
922
211
1,001
222
1,068
250
1,164
278
1,270
311
1,374
341
SUBVEY OF CURRENT BUSINESS
May 1972
33
Non-SMSA's, Selected Years, 1950-70—Continued
Total personal income, where earned-continued
Percent of
United States
Average annual rates of growth
1950-59
1959-65
1965-70
1950-70
Total personal income, where received
1959-70
1969-70
1959
1970
Millions of dollars
1959
1962
1965
1966
1967
Line
1968
1969
1970
5.99
6.63
8.44
4.84
6.63
5.53
5.85
4.01
5.13
6.68
7.90
8.94
3.77
7.77
8.17
6.33
6.97
5.92
5.66
7.04
6.60
7.24
3.90
6.32
7.35
3.51
6.00
11.69
7.63
6.28
0.08
.10
.07
.04
.05
0.07
.11
.05
.04
.05
294
377
279
149
189
312
429
309
162
217
406
529
353
201
284
456
594
340
224
316
481
646
333
235
332
521
706
355
255
355
574
764
381
272
399
594
810
425
292
422
80
81
82
83
84
6.82
4.71
6.54
7.23
7.09
6.14
5.06
5.26
4.75
4.55
7.08
5.79
5.97
6.24
3.96
4.62
6.83
5.20
5.04
7.00
8.37
8.90
7.27
9.34
7.38
6.82
6.11
7.01
7.36
6.79
7.28
6.07
6.56
7.46
6. ,22
5.85
5.85
5.68
5.49
5.84
7.66
7.19
6.56
7.64
5.50
5.61
6.50
6.02
6.09
6.91
1.24
4.34
4.14
10.09
4.74
5.61
3.42
3.36
8.89
4.37
.17
.08
.12
.13
.08
.89
.06
.08
.21
.08
.19
.08
.11
.14
.07
.78
.06
.08
.19
.08
659
311
458
507
278
3,374
233
308
772
340
735
363
516
595
300
3,751
278
343
793
386
993
435
650
729
359
4,420
346
417
1,036
496
1,087
491
693
810
386
4,787
367
465
1,118
526
1,177
512
725
867
406
5,071
382
489
1,188
565
1,338
575
814
948
450
5,415
413
516
1,281
604
1,465
637
889
1,034
483
5,818
449
566
1, 356
653
1, 484
665
925
1,138
509
6,145
465
585
1,476
686
85
86
87
88
89
90
91
92
93
94
5.78
6.23
3.89
5.24
4.51
5.12
4.04
4.58
6.31
5.86
4.93
6.39
7.42
1.79
6.35
5.34
5.47
4.89
4.58
4.53
5-46
5.98
6.82
6.16
6.09
8,06
8.08
4.37
8.19
8.17
7.56
7.38
7.58
6.22
6.57
3.80
6.28
5.65
5.04
5.32
5.47
6.09
6.12
5.90
6.58
6.84
3.72
7.12
6.58
4.97
6.38
6.20
5.90
6.33
6.70
3.93
1.58
3.13
9.22
6.01
7.75
7. 91
5.93
3.05
4.77
5.37
.15
.11
.18
.09
.07
.10
.08
.38
.29
17.37
4.29
.15
.11
.13
.09
.07
.08
.08
.35
.26
16.35
4.19
578
423
678
333
276
400
309
1,460
1,107
65,863
16,803
657
467
662
397
300
441
348
1,579
1, 187
73,079
19,215
838
649
754
481
387
551
411
1,911
1,442
90,541
23,773
929
693
818
515
426
557
445
2,079
1,535
98, 105
26,076
992
722
860
566
460
576
467
2,211
1,617
104,095
27,502
1,057
801
928
608
495
605
504
2,450
1,815
113,557
29,912
1,120
862
982
649
557
633
565
2,672
2,013
123,335
32,489
1,164
875
1,013
709
589
682
610
2, 830
2, 076
129, 319
34,214
95
96
97
98
99
100
101
102
103
104
105
6.88
7 90
6.27
5.06
4.20
4.49
7.06
7.72
6.80
6.40
4.89
7.69
3.06
6.39
3.94
4.40
5.79
4.93
5.99
5.45
7.08
8.35
7.95
7.57
7.02
7.43
8.55
7.11
9.65
8.60
6.33
7.96
5.71
6.09
4.82
5.20
7.05
6.73
7.26
6.66
5.88
7.99
5.25
6.92
5.33
5.77
7.04
5.92
7.64
6.87
5.22
10.34
7.89
7.76
9.38
7.39
7.21
7.97
7.27
8.83
.10
.03
.19
.04
.14
.06
.69
.09
1.00
.28
.09
.03
.16
.04
.12
.05
.70
.09
1.08
.28
361
105
716
156
521
222
2,609
361
3,804
1,065
416
120
765
175
570
268
2,971
415
4,446
1,263
480
164
858
223
657
288
3,655
482
5,388
1,463
528
177
944
241
710
294
3,949
484
5,886
1,575
560
187
1,008
252
749
331
4,330
516
6,457
1,709
597
206
1,081
275
800
357
4,754
562
7,155
1,840
642
223
1,163
297
844
384
5, 136
629
7,956
2,030
675
246
1,254
323
923
412
5,506
680
8,536
2,209
106
107
108
109
110
111
112
113
114
115
7.41
-3.45
4.42
6.10
4.12
5.76
7.45
6.55
8.06
6.32
2.76
8.94
2.43
6.22
4.45
2.10
5.18
4.87
1.78
2.78
5.13
6.16
8.68
6.77
10.23
9.66
7.44
7.41
8.25
6.42
5.86
8.18
6.87
8.20
3.97
6.40
6.48
4.33
5.99
6.87
5.07
5.90
6.42
4.79
8.82
4.38
8.02
6.79
4.49
6.19
6.40
3.86
4.17
6.50
6.48
6.86
4.99
5.03
9.09
7.88
6.99
6.49
5.06
3.06
7.10
5.52
.04
.07
.04
.07
.06
1.37
.09
.09
.25
4.69
3.44
.04
.05
.05
.06
.04
1.27
.08
.06
.19
4.49
3.29
138
269
153
244
204
5,152
322
331
941
17,676
13,250
184
287
193
272
220
5,697
365
327
1,013
19,969
15,803
230
311
219
316
235
6,968
428
368
1,109
23,843
18,956
248
337
233
336
245
7, 518
442
410
1,207
25,765
20,606
267
360
286
379
269
8,074
509
419
1,298
27,959
21,187
299
392
315
424
287
8,730
551
455
1,387
30,465
22,758
325
411
339
458
304
9, 304
596
477
1,429
32,948
25,050
348
431
356
500
327
9,957
635
502
1,474
35,294
26,439
116
117
118
119
120
121
122
123
124
125
126
9.86
6.76
4.96
7.97
7.34
8.54
4.96
6.11
6.58
5.37
7.43
4.82
6.55
8.16
8.57
4.50
6.01
4.60
7.33
2.34
8.19
8.97
7.91
10.79
7.92
9.98
10.19
7.36
10.54
6.79
8.72
6.73
6.17
8.72
7.86
7.67
6.57
5.97
7.78
4.81
7.77
6.69
7.17
9.35
8.27
6.95
7.89
5.85
8.78
4.34
13. 06
6.84
6.89
8.42
—3.93
5.87
—1.22
7.85
5.89
9.03
.03
.04
.06
.61
.10
.13
.05
.36
.09
.15
.03
.04
.06
.78
.11
.13
.05
.33
.11
.11
122
157
219
2,249
359
482
189
1,367
357
547
147
167
253
2,681
471
501
238
1,481
431
564
194
208
320
3,587
580
620
268
1,789
545
626
213
222
346
3,962
700
716
324
1,899
625
672
207
255
370
4,356
730
818
330
2,005
707
726
223
282
402
4,876
793
907
387
2,169
785
754
255
299
438
5,514
863
941
440
2,364
849
794
287
320
468
5,980
830
996
434
2,550
899
880
127
128
129
130
131
132
133
134
135
136
7.51
6.08
8.25
4.82
9.75
5.90
4.94
7.40
18.25
13.05
7.72
5.91
6.74
7.74
9.43
6.78
8.81
7.42
9.84
10.08
10.93
9.16
10.36
7.10
9.94
11.67
12.20
7.81
17.32
15.65
8.42
6.80
8.32
6.26
9.71
7.58
7.88
7.52
15.43
12.80
9.17
7.38
8.37
7.45
9.66
8.98
10.33
7.60
13.18
12.58
9.93
7.14
10.23
—.84
8.68
10.54
2.42
6.20
13.84
14.11
.18
.14
.11
.09
.05
.07
.06
.04
.15
.02
.22
.15
.13
.10
.07
.08
.09
.04
.29
.04
678
514
429
358
196
255
229
154
687
86
828
566
486
398
237
307
306
193
839
112
1,066
717
633
559
337
378
380
236
1,187
154
1,193
802
716
637
360
415
415
252
1,336
176
1,310
869
765
688
398
482
543
267
1,571
198
1,450
943
851
758
450
537
603
287
1,869
228
1,612
1,038
940
794
498
594
659
323
2, 229
279
1, 774
1,110
1,036
787
541
656
674
344
2,548
318
137
138
139
140
141
142
143
144
145
146
5.55
5.13
9.39
4.35
7.03
6.22
5.83
16.33
8.88
7.02
4.43
2.99
9.31
6.76
6.85
7.45
4.94
11.97
5.89
5.88
9.61
7.78
12.14
8.13
10.53
10.30
7.35
5.65
9.91
8.62
6.22
5.14
10.05
6.01
7.84
7.60
5.94
12.27
8.23
7.08
6.76
5.14
10.58
7.38
8.51
8.74
6.03
9.05
7.70
7.12
8.84
2.08
12.24
5.41
9.09
8.73
9.56
6.94
12.55
7.27
.05
.04
.03
.06
.28
.11
.12
.07
.25
.10
.05
.04
.04
.06
.33
.13
.11
.09
.27
.10
209
163
112
210
1,028
417
468
265
932
390
264
159
140
243
1,230
513
506
321
1,093
457
272
194
190
311
1,526
641
625
534
1,314
550
292
216
210
347
1,702
740
667
583
1,423
597
324
231
240
365
1,883
795
710
592
1,532
645
353
257
268
402
2,069
880
749
643
1,705
709
395
277
300
436
2,306
962
813
689
1,871
774
430
282
337
460
2,514
1,045
890
743
2,106
830
147
148
149
150
151
152
153
154
155
156
4.53
9.19
5.14
6.94
8.31
10.14
5.65
8.75
6.57
8.38
8. 15
9.85
.18
.04
.17
.04
664
140
740
160
896
208
973
220
1,037
247
1,130
275
1,234
307
1,335
338
157
158
SURVEY OF CURRENT BUSINESS
34
May 1972
Table 1.—Total Personal Income, by SMSA's and
Total personal income, where earned
Millions of dollars
Line
1950
159
160
161
162
163
164
165
166
Southeast—Continued
Lake Charles La
Lakeland-Winter Haven, Fla
Lexington, Ky
-Little Bock-North Little Rock, Ark
Louisville Ky-Ind
Lynchburg, Va
- - -
Memphis Tenn -Ark
Miami Fla
Mobile, Ala
177
178
179
180
181
182
183
184
185
186
Qwensboro J£y
Parkersburg-Marietta W Va -Ohio
Pensacola Fla
Petersburg -Hopewell, Va
-Pine Bluff, Ark
Raleigh NC
Richmond Va
Roanoke V a
Sarasota Fla
Savannah, Ga
- --
197
198
199
200
201
202
203
204
205
206
-
-
.-
- - -
-
-
- - -
-
-
Montgomery, Ala
Nashville, Tenn
New Orleans La
Newport News-Hampton Va
Norfolk-Portsmouth *Va
Orlando, Fla
--
Shreveport, La
- Spartanburg S C
Tallahassee Fla
-Tampa-St Petersburg Fla
Tuscaloosa Ala
West Palm Beach Fla
Wheeling W. Va.-Ohio
Wilmington, N.C
SumofSMSA's
Non-SMSA Area
-
---
-
- -
-
--
--
- - - -
_ __
_ _ _ _
- -
-
-
-
-
-
- - -
-
-
_ _ _ _ _
-- -
- -
- - - - -
- -
-
-
_
_
-
- -
- -_
-
-
Southwest:
Abilene, Tex
_
_
Albuquerque N Mex
__
_ _ _ _ _ _ _. _ _ _ _
Amarillo, Tex
._
_
Austin Tex
-Beaumont-Port Arthur-Orange, Tex
Brownsville-Harlingen-San Benito, Tex
Bryan-College Station, Tex
-.
__
Corpus Christi, Tex
_
_
Dallas, Tex
_
El Paso, Tex
_
__
___
Fort "Worth, Tex
__.,
Galveston-Texas City, Tex
Houston, Tex
-_
E-illeen-Tempie, Tex
_
Laredo, Tex
_
_
_
Lawton, Okla
Lubbock, Tex
McAllen-Pharr-Edinburg, Tex
Midland, Tex
_ _ -_ ._
Odessa, Tex
217
218
219
220
221
222
223
224
225
226
Oklahoma City, Okla
Phoenix, Ariz
._
San Angelo, Tex
San Antonio, Tex
Sherman-Denison, Tex
Texarkana Tex —Ark
Tucson Ariz
Tulsa Okla
Tyler, Tex
"Waco Tex
Rocky Mountain:
Billings, Mont
_
Boise City, Idaho
Cheyenne, Wyo
Colorado Springs Colo
Denver Colo
Great Falls, Mont
Ogden, Utah
Provo-Orem Utah
238
239
240
241
Pueblo Colo
Salt Lake City, Utah
Sum of SMSA's
Non-SMSA area-
See footnotes at end of table.
--
__-
___
_
_
_
_
_
_-_
_
-
_
-
_
__
__
Wichita Falls, Tex
Sum of SMSA's
_
Non-SMSA area
230
231
232
233
234
235
236
237
__
--
- -
-
207
208
209
210
211
212
213
214
215
216
227
228
229
-
Melbourne-Titus ville-Cocoa Fla
167
168
169
170
171
172
173
174
175
176
187
188
189
190
191
192
193
194
195
196
-
--
_
-__
-
___
_
_--
_
- - - -_
-
- -
_
-_
-
_
-_
__
_
_ _ _ _ _ _
___
--
_._
--
1962
1959
1965
1966
1967
1969
1968
1970
123
191
122
277
903
109
161
34
289
397
263
522
1,627
199
302
243
279
437
331
609
1,862
248
357
361
310
571
439
790
2,267
306
443
639
333
609
485
856
2,468
330
488
743
387
675
534
921
2,646
351
556
862
431
712
594
1,002
2,952
394
618
954
450
804
652
1,081
3,222
434
684
965
484
855
701
1,173
3,464
473
754
926
719
834
297
91
204
509
1,090
213
702
195
1,191
2,120
601
166
327
928
1,905
470
1,070
644
1,397
2,496
658
190
365
1,065
2,107
577
1,273
753
1,759
3,139
857
234
449
1,356
2,736
734
1,605
883
1,933
3,432
892
258
474
1,502
2,986
793
1,740
942
2,067
3,922
886
285
517
1,621
3,177
872
1,895
1,057
2,284
4,462
938
316
560
1,796
3,418
924
2,094
1,192
2,517
5,128
1,008
329
609
1,980
3,645
1,002
2,257
1,363
2,722
5,743
1,107
344
653
2,120
3,909
1,095
2,402
1,501
79
127
157
101
63
163
595
199
37
196
142
239
375
161
117
298
1,006
323
139
351
149
262
419
203
140
367
1,200
382
180
356
187
332
538
265
172
473
1,517
475
233
423
204
365
566
296
185
532
1,652
506
253
449
210
41Q
606
347
204
578
1,780
562
288
510
221
436
673
385
214
653;
1,942
628
338
578
234
458
765
409
236
740
2,119
688
407
658
245
491
817
434
249
819
2,308
749
460
693
342
163
55
522
80
161
257
89
18,074
15,776
543
234
127
1,440
163
452
356
132
34,700
23,925
567
282
148
1,714
176
562
368
155
40,272
28,085
665
365
196
2,079
200
727
422
198
50,945
34,897
718
416
211
2,240
215
837
453
214
55,893
38,353
780
443
237
2,488
233
951
493
236
61,194
41,747
857
482
277
2,815
266
1,094
531
271
67,760
45,947
896
534
317
3,189
288
1,270
572
310
74,816
50,284
970
582
358
3,587
311
1,417
627
343
81,127
54,476
116
217
175
198
348
115
35
270
1,430
289
230
581
328
377
642
180
64
447
2,741
557
269
653
387
441
716
181
76
519
3,157
604
284
773
432
558
828
244
101
634
3,945
665
300
813
514
604
913
261
111
675
4,320
790
328
872
518
686
992
253
120
733
4,886
843
348
930
502
797
1,049
281
133
773
5,553
949
371
1,017
506
901
1,139
300
146
840
6,289
1,018
408
1,128
540
995
1,222
334
163
916
6,730
1,067
644
180
1,726
128
42
78
159
119
64
68
1,238
279
3,251
218
71
171
307
177
168
198
1,328
321
3,713
312
78
196
360
198
205
205
1,675
381
4,705
336
99
236
446
240
230
240
1,845
410
5,136
344
111
282
476
259
240
256
2,145
461
5,846
492
128
357
496
267
255
270
2,425
501
6,580
465
146
389
529
300
268
282
2,655
516
7,314
534
164
403
570
319
277
301
2,818
577
8,073
603
180
410
632
358
300
329
591
455
84
697
84
93
181
525
95
163
1,063
1,276
112
1,175
126
132
515
1,007
155
269
1,269
1,710
141
1,364
144
163
664
1,063
187
307
1,565
2,128
166
1,692
178
213
712
1,290
225
366
1,691
2,356
179
1,944
192
237
795
1,409
243
381
1,845
2,616
195
2,068
206
284
885
1,519
263
405
2,022
2,923
213
2,334
238
332
983
1,668
291
454
2,217
3,334
226
2,602
275
354
1,130
1,784
321
480
2,477
3,716
252
2,811
295
362
1,269
1,900
353
516
196
9,563
5,286
247
18,300
8,070
315
21,246
9,141
321
25, 912
10,651
386
28,472
11,415
402
31,635
11, 981
445
35,104
13,088
488
38, 790
14,218
510
42,244
15, 572
91
101
92
112
1,107
97
116
84
182
194
130
299
2,276
165
218
166
194
227
153
381
2, -825
198
254
183
218
256
173
473
3,222
226
310
219
226
273
174
519
3,504
240
353
230
251
291
188
611
3,791
244
378
250
270
319
194
699
4,257
262
394
295
281
362
207
773
4,744
283
406
312
306
403
226
850
5,265
305
438
341
118
486
2,404
2,687
217
933
4,781
3,936
257
1,170
5,840
4,569
286
1,338
6,720
5,105
300
1,412
7,232
5,380
309
1,490
7,803
5,606
341
1,612
8,643
6,008
367
1,765
9,501
6,623
407
1,956
10,497
7,216
SURVEY OF CURRENT BUSINESS
May 1972
35
Non-SMSA's, Selected Years, 1950-70—Continued
Total personal income, where received
Total personal income, where earned-continued
Percent of
United States
Average annual rates of growth
1950-59
1959-65
1965-70
1950-70
1959-70
1969-70
1959
1970
Millions of dollars
1959
1962
1965
1966
1967
Line
1968
1969
1970
10.00
8.49
8.95
7.29
6.76
6.88
7.22
24.21
1.18
6.22
8.87
7.16
5.68
7.39
6.64
17.52
9.30
8.42
9.83
8.23
8.84
9.12
11.22
7.70
7.11
7.79
9.15
7.48
6.95
7.60
8.03
17.89
4.79
7.21
9.30
7.64
7.11
8.17
8.70
12.95
7.45
6.30
7.60
8.44
7.49
8.85
10.37
-4.06
0.08
.10
.07
.14
.43
.05
.08
.06
0.06
.11
.09
.15
.43
.06
.09
.12
289
393
252
516
1,587
190
297
237
279
432
323
601
1,815
238
353
352
311
563
416
780
2,208
292
438
622
334
600
459
8-45
2,401
314
478
722
387
666
501
909
2,574
336
544
836
431
703
562
989
2,871
379
601
927
451
794
618
1,067
3,132
417
667
938
485
843
666
1,157
3,367
454
733
903
159
160
161
162
163
164
165
166
5.77
10.92
8.17
6.91
5.39
6.90
6.40
9.16
4.80
14. 21
6.71
6.76
6.07
5.85
5.42
6.54
6.22
7.71
7.00
5.42
9.12
12.84
5.27
8.05
7.80
9.35
7.39
8.35
8.39
11.19
6.88
10.13
6.81
6.88
6.00
7.40
6.59
8.53
6.35
10.76
7.80
9.48
5.71
6.84
6.50
7.80
6.75
8.00
7.63
8.01
8.13
11.98
9.83
4.65
7.19
7.08
7.24
9.30
6.41
10.17
.31
.55
.16
.04
.09
.24
.50
.12
.28
.17
.34
.72
.14
.04
.08
.27
.49
.14
.30
.19
1,178
2,093
600
165
326
903
1,905
465
1,060
642
1,381
2,465
656
189
364
1,037
2,107
570
1,261
751
1,738
3,097
854
233
448
1,318
2,735
726
1,589
881
1,909
3,385
890
257
473
1,457
2,985
785
1,723
939
2,040
3,868
883
284
515
1,572
3,176
863
1,877
1,054
2,254
4,400
934
315
559
1, 742
3,417
915
2,074
1,189
2,484
5,055
1,005
327
608
1,920
3,643
992
2,235
1,359
2,686
5,660
1,104
342
652
2,057
3,907
1,085
2,377
1,498
167
168
169
170
171
172
173
174
175
176
6.69
7.31
10.16
5.35
7.17
6.95
6.00
5.54
15.81
6.67
4.73
5.62
6.17
8.65
6.66
7.98
7.08
6.62
9.01
3.17
5.53
8, 13
8: 72
10.38
7.73
11.60
8.76
9.54
14. 55
10.38
5.82
7. 01
8.59
7.58
7.16
8.41
7.01
6.85
13.42
6.52
5.09
6.75
7.32
9.43
7.14
9.61
7.84
7.94
11.49
6.38
4.74
7.16
6.80
6.11
5.26
10.67
8.91
8.98
12.91
5.30
.04
.06
.10
.04
.03
.08
.26
.08
.04
.09
.03
.06
.10
.05
.03
.10
.29
.09
.06
.09
139
241
378
157
116
291
1,006
336
136
345
145
264
423
198
139
358
1,200
399
177
349
183
334
542
258
170
459
1,517
492
228
415
199
368
570
288
184
516
1,652
524
248
440
205
414
610
338
202
561
1,780
580
282
500
215
439
677
376
213
633
1,942
650
331
567
228
461
770
400
235
716
2,120
713
399
646
239
494
822
424
247
793
2,309
777
450
680
177
178
179
180
181
182
183
184
185
186
5.28
4.10
9.73
11. 95
8.23
12.12
3.71
4.57
7.52
4.74
3.43
7.70
7.54
6.31
3.44
8.24
2.88
6.91
6.61
6.49
7.83
9.77
12.80
11.52
9.30
14.29
8.24
11.70
9.75
9.32
5.35
6.57
9.83
10.12
7.04
11.48
4.58
7.02
7.80
6.39
5.41
8.63
9.90
8.65
6.06
10.95
5.28
9.06
8.03
7.77
8.22
9.11
12.75
12.49
7.89
11.65
9.59
10.95
8.44
8.34
.14
.06
.03
.38
.04
.12
.09
.03
9.06
6.25
.12
.07
.04
.45
.04
.18
.08
.04
10.15
6.82
537
238
125
1,445
163
449
361
133
34,329
24,246
560
288
147
1,720
176
558
373
156
39,834
28,446
657
373
194
2,086
199
721
428
199
50,350
35,394
710
424
209
2,248
215
831
460
215
55,206
38,899
771
452
234
2,497
233
944
500
237
60,423
42,334
846
492
274
2,825
265
1,085
538
273
66,900
46,605
885
544
313
3,200
288
1,259
581
312
73,870
51,035
958
593
353
3,599
311
1,405
636
346
80,156
55,282
187
188
189
190
191
192
193
194
195
196
7.94
11.58
7.23
7.42
7.05
5.10
6.80
5.76
7.50
7. 54
3.56
4.90
4.69
6.76
4.34
5.22
8.06
5.99
6.25
3.01
7.50
7.83
4.53
12. 26
8.09
6.48
9.97
7.63
11.27
9.92
6.51
8.60
5.79
8.41
6.49
5.49
7.98
6.30
8.05
6.74
5.33
6.22
4.62
9.22
6.03
5.80
8.93
6.73
8.51
6.09
9.85
10.89
6.55
10.39
7.28
11.28
12.01
9.04
7.01
4.82
.06
.15
.09
.10
.17
.05
.02
.12
.72
.15
.05
.14
.07
.12
.15
.04
.02
.11
.84
.13
232
576
332
373
629
180
64
449
2,711
561
271
648
391
437
701
181
76
521
3,120
610
286
766
436
553
811
244
102
637
3,897
671
302
805
518
598
893
261
111
678
4,266
796
330
865
523
679
969
253
121
736
4,824
850
350
921
507
789
1,026
281
133
777
5,482
957
373
1,008
512
891
1,114
301
146
843
6,206
1,027
410
1,118
545
983
1,195
334
164
920
6,642
1,077
197
198
199
200
201
202
203
204
205
206
7.52
5.02
7.29
6.07
6.10
9.10
7.62
4.51
11.32
12.53
5.18
5.33
6.36
7.51
5.69
5.59
6.39
5.18
5.44
3.25
10.96
8.65
11.40
12.40
12.68
11.64
7.24
8.35
5.38
6.53
7.66
6.01
8.02
8.06
7.59
8.67
7.16
5.67
8.04
8.18
7.77
6.82
8.62
9.70
8.81
8.30
6.78
6.61
5.41
4.73
6.12
11.90
10.38
12.96
10.17
1.87
10.95
12.15
7.99
9.46
.32
.07
.85
.06
.02
.04
.08
.05
.04
.05
.35
.07
1.01
.08
.02
.05
..08
.04
.04
.04
1,250
281
3,246
217
72
170
309
178
169
189
1,341
323
3,707
312
79
196
363
200
207
211
1,693
383
4,697
335
100
235
448
241
232
248
1,865
412
5,127
343
111
281
479
260
243
263
2,168
463
5,836
491
129
356
499
269
257
280
2,451
503
6,569
464
146
387
533
302
270
289
2,684
518
7,301
533
164
401
574
321
280
306
2,847
580
8,059
602
181
409
636
360
302
334
207
208
209
210
211
212
213
214
215
216
6.75
12.14
3.15
5.97
4.70
4.00
12.33
7.51
5.58
5.75
6.66
8.90
6.85
6.28
5.86
8.28
5.56
4.22
6.50
5.27
9.62
11.79
8.70
10.68
10.69
11.18
12.23
8.05
9.40
7.12
7.43
11.07
5.63
7.22
6.53
7.05
10.23
6.65
6.81
5.95
7.99
10.20
7.68
8.26
8.03
9.59
8.54
5.94
7.81
6.11
11.75
11.46
11.28
8.06
7.39
2.18
12.23
6.53
10.08
7.49
.28
.33
.03
.31
.03
.03
.13
.26
.04
.07
.31
.47
.03
.35
.04
.05
.16
.24
.04
.06
1,051
1,278
112
1,168
126
131
518
985
154
268
1,253
1,712
142
1,356
144
161
667
1,040
187
306
1,545
2,131
167
1,683
177
211
716
1,260
225
365
1,669
2,359
180
1,933
192
235
798
1,375
243
380
1,821
2,619
196
2,056
206
281
889
1,481
263
404
1,995
2,927
215
2,320
237
329
988
1,626
291
453
2,187
3,339
228
2,586
275
350
1,136
1,739
320
479
2,444
3,721
254
2,795
295
358
1,275
1,853
353
515
217
218
219
220
221
222
223
224
225
226
2.62
7. '48
4.81
4.43
5.97
4.73
9.74
10.27
7.89
4.91
7.71
5.55
6.81
7.90
6.16
4.60
8.90
9.52
.06
4.78
2.11
.06
5.29
1.95
246
18, 226
8,097
314
21, 173
9,168
319
25, 816
10, 687
385
28,363
11,453
401
31, 514
12,024
444
34,961
13, 134
486
38, 627
14, 270
508
42,066
15, 622
227
228
229
8.08
7.52
3.89
11.55
8.34
6.08
7.25
7.80
3.01
4.69
4.84
7.96
5.97
5.37
5.99
4.74
7.07
9.49
5.50
12.43
10.32
6.19
7.20
9.31
6.29
7.16
4.59
10.68
8. 11
5.90
6.87
7.26
4.83
6.85
5.14
9.97
7.92
5.74
6.54
6.79
8.95
11.23
8.86
9.89
10.99
8.10
7.90
9.27
.05
.05
.03
.08
.59
.04
.06
.04
.04
.05
.03
.11
.66
.04
.05
.04
184
197
130
299
2,276
166
221
169.
196
231
153
381
2,825
199
268
186
220
260
173
474
3,223
228
300
223
229
278
174
519
3,505
242
315
234
254
296
188
612
3,791
245
331
254
273
325
194
700
4,257
264
358
301
285
368
207
774
4,744
284
389
318
310
410
226
851
5,266
307
428
348
230
231
232
233
234
235
236
237
7.00
7.52
7.94
4.33
4.70
6.19
5.84
4.43
7.28
7.88
9.33
7.17
6.38
7.21
7.65
5.06
5.87
6.96
7.41
5.67
10.75
10.78
10.48
8.96
0.06
.24
1.25
1.03
0.05
.24
1.31
.90
215
922
4,780
3,952
254
1,155
5,848
4,578
283
1,320
6,703
5,123
297
1,393
7,186
5,400
305
1,470
7,748
5,628
337
1,590
8,598
6,032
363
1,741
9,474
6,649
402
1,928
10,475
7,244
238
239
240
241
SURVEY OF CURRENT BUSINESS
36
May 1972
Table 1.—Total Personal Income, by SMSA's and
Total personal income, where earned
Line
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
Millions
Far West:
Anaheim-Santa Ana-Garden Grove, Calif
Bakersfield, Calif
Eugene-Springfield, OregFresno Calif
Las Vegas, Nev
Los Angeles-Long Beach, CalifModesto, Calif _.
Oxnard-Simi Valley- Ventura, Calif
Portland, Oreg.- Wash
Reno Nev
dollars
1950
1959
1962
1965
1966
1967
1968
1969
...
348
360
204
429
97
8,178
186
185
1, 213
116
1,415
648
351
780
336
17, 536
329
454
1,923
257
2,077
721
380
880
590
20,393
400
542
2,241
312
2,882
937
481
1,079
658
24,642
477
754
2,767
412
3,116
989
496
1,157
696
26, 695
523
821
3,013
411
3,525
1,033
521
1,283
757
28,575
547
850
3,286
431
3,928
1,121
571
1,427
881
31,056
607
964
3,618
471
4,379
1,149
619
1,497
1,036
33, 633
653
1,052
3,985
534
4,771
1, 216
672
1,623
1,168
35,482
709
1,136
4,230
599
_.
134
641
627
177
244
942
4, 542
461
201
102
203
1,700
1,470
262
514
2,329
7,760
1,561
442
170
250
1,987
1,877
318
607
2,765
9,273
2,099
620
236
274
2,493
2,254
403
690
3,258
11,450
2,692
688
285
293
2,657
2,356
432
834
3,683
12,387
3,025
741
309
310
2,880
2,487
468
828
4,092
13, 407
3,351
763
319
323
3,181
2,679
506
962
4,661
14,633
3,821
827
359
347
3,492
2,869
558
1,029
5,134
15, 770
4,208
898
381
371
3,803
3,129
603
1,144
5,447
16, 906
4,515
957
413
155
1,577
352
343
459
252
177
22,700
3,860
308
2,956
601
569
653
437
263
46,226
5,837
349
3,515
660
672
769
534
307
55,373
6,608
446
3,919
746
807
867
665
339
67,365
7,867
478
4,593
815
872
974
720
385
73,474
8,508
492
5,257
888
1,007
1,109
760
408
79,634
8,806
544
5,861
966
1,106
1,274
843
433
87,627
9,625
604
6,301
1,063
1,156
1,411
903
470
95, 133
10,335
662
6,301
1,142
1,245
1,551
986
489
101,273
11,040
0
0
0
0
340
1,083
1,423
477
396
1,404
1,800
573
513
1,705
2,218
706
548
1,871
2,419
738
640
2,040
2,680
793
698
2,297
2,995
861
792
2,604
3,396
955
878
2,941
3,819
1,077
--
Richland-Kennewick Wash
Riverside-San Bernardino-Ontario, Calif
Sacramento, Calif
Salem, Oreg
..
Salinas-Seaside-Monterey, Calif
San Diego, Calif
San Francisco-Oakland, Calif.-.
San Jose, Calif
Santa Barbara-Santa Maria-Lompoc, Calif
Santa Cruz, Calif
Santa Rosa, Calif
Seattle-Everett, Wash
Spokane, Wash. .
Stockton, Calif
Tacoma, Wash
..
..
Vallejo-Fairfield-Napa, Calif
Yakima, Wash
Sum of SMSA's
..
Non-SMSA area
of
_
__
.
.
_ . . _
.
-
_
Alaska and Hawaii:
Anchorage, Alaska
Honolulu, Hawaii
Sum of SMSA's
Non^SMSA area
1. U.S. totals shown for 1965 and 1966 do not agree with totals shown in the State personal
income series (August 1971 SURVEY) .
2. The BE A definition of SMSA's in New England differs from that of the Office of Management and Budget.
1970
3. Included in the Boston SMSA are Brockton, Lawrence, Haverhill, and Lowell SMSA's
and the non-SMSA portions of Essex, Middlesex, and Plymouth counties.
4. The independent city of Colonial Heights, Va. is included in Richmond SMSA. This
differs from OMB's definition which includes Colonial Heights with the Petersburg SMSA.
Table 2.—Per Capita Income, Major Types ot Payment, and Earnings by
Per capita income, where received
Percent
of the
national
average
Dollars
Line
1 Total United States
Sum of SMSA's
2
Non-SMSA area
3
-
4
5
6
7
8
9
10
11
12
13
New England:
Boston Mass
_
Bridgeport-Norwalk-Stamford, Conn
Burlington Vt
Fall River-New Bedford Mass
Hartford-New Britain, Conn
Lewiston-Auburn, Maine
Manchester, NH
New Haven-Waterbury-Meriden, Conn— _
Norwich-Groton-New London, Conn
Pittsfield, Mass
..
14
15
16
17
18
19
Portland-South Portland, Maine
Providence-Pawtucket-Warwick, R.I
Springfield-Chicopee-Holyoke, Mass
Worcester-Fitchburg-Leominster, Mass
Sum of SMS A's
Non-SMSA area
20
21
22
23
24
25
26
27
28
29
Mideast:
Albany-Schenectady-Troy N.Y
Allentown-Bethlehem-Easton, Pa -N J
Altoona, Pa
Atlantic City, N. J
Baltimore, Md
Binghamton, N.Y.-Pa
Buffalo, N.Y
Elmira, N.Y
..
.
Erie, Pa
_.
Harrisburg. Pa..
-
_
_
_
~
_
_ _
.
. _
_
_
_
.
-
.
_
_
Rank in
SMSA's
1965
1966
1967
1968
1969
1970
2,765
3,049
2,097
2,970
3,263
2,274
3,169
3,483
2,417
3,436
3,772
2,623
3,705
4,057
2,849
3,920
4,283
3,032
100
112
73
100
109
77
3,157
3,427
2,500
2,604
3,470
2,200
2,778
3,331
3,086
2,879
3,373
3,726
2,916
2,790
3,769
2,425
3,036
3,551
3,330
3,123
3,686
4,194
3,232
2,987
4,203
2,545
3,316
3,703
3,610
3,386
4,020
4,498
3,547
3,222
4, 470
2,816
3,557
3,990
3,873
3,666
4,363
4,832
3,725
3,428
4,777
3,015
3,845
4,339
4,149
3,858
4,690
5,072
3,999
3,643
5,009
3, 235
4, 001
4,628
4,340
4,090
116
125
86
94
128
89
106
122
113
104
120
129
102
93
128
83
102
118
111
104
36
15
190
157
11
182
74
24
46
87
2,639
2,841
2,756
2,775
3,706
2,398
2,769
3,062
2,958
2,972
3,306
2,576
3,010
3,302
3,154
3,111
3,593
2,771
3,323
3,572
3,398
3,366
3,889
2,991
3,609
3,745
3,630
3,635
4,188
3,204
3,842
3,961
3,844
3,869
4,456
3,381
99
101
105
102
113
87
98
101
98
99
114
86
2,907
2,946
2,257
2,477
2,910
2,748
2,945
-_ . 2,594
2,738
2.678
3,088
3,103
2,368
2,634
3,092
2,943
3,099
2,920
2,907
2.875
3,314
3,265
2,556
2, 910
3,311
3,150
3,282
3,180
3,023
3.130
3,503
3,512
2,813
3,211
3, 617
3,413
3,535
3,379
3,142
3.419
3,796
3,787
3,110
3,449
3,895
3,676
3,798
3,569
3,384
3.775
4,183
4,045
3,347
3,728
4,167
3,920
4,026
3,860
3,672
4.086
105
104
83
89
106
102
114
98
94
102
107
103
85
95
106
100
103
98
94
104
1959
1970
1959
1970
Percent
increase
1929-70 1959-70
456
366
670
81
76
93
16
5
80
153
6
217
79
19
34
62
371
365
490
426
348
411
398
374
483
422
88
88
114
79
81
68
74
76
78
81
130
118
85
105
115
90
114
108
361
357
385
406
381
441
80
82
70
75
83
79
81
89
205
183
76
111
50
69
206
139
52
97
72
111
150
63
327
410
436
338
356
476
310
351
390
432
84
80
86
94
81
79
64
83
81
85
ifi
159
104
SURVEY OF CURRENT BUSINESS
May 1972
37
Non-SMSA's, Selected Years, 1950-70—Continued
Total personal income, where received
Total personal income, where earned-continued
Percent of
United States
Average annual rates of growth
1950-59
1959-65
1965-70
1950-70
1959-70
1969-70
1959
Millions of dollars
1970
Line
1959
1962
1965
1966
1967
1968
1969
1970
16.87
6.73
6.22
6.87
14.83
8.85
6.50
10.52
5.26
9.28
12. 59
6.34
5.40
5.55
11.85
5.83
6.42
8.83
6.25
8.19
10.61
5.37
6.90
8.51
12.16
7.56
8.24
8.54
8.86
7.79
13.99
6.27
6.14
6.88
13.26
7.61
6.91
9.52
6.45
8.58
11.69
5.90
6.08
6.89
11.99
6.62
7.24
8.70
7.43
8.01
8.96
5.88
8.54
8.44
12.74
5.50
8.51
8.01
6.13
12.08
.37
.17
.09
.20
.09
4.58
.09
.12
.50
.07
.60
.15
.08
.20
.15
4.44
.09
.14
.53
.07
1, 743
634
352
782
336
17,318
331
457
1,924
258
2,403
704
382
881
590
20, 131
403
546
2,243
313
3,502
915
483
1,081
725
24,320
481
760
2,769
414
3,925
966
497
1,160
769
26,336
528
827
3,016
414
4,371
1,008
523
1,286
819
28, 186
552
856
3,288
433
4,892
1,094
573
1, 430
950
30,633
612
972
3,621
474
5,463
1,120
621
1,500
1,102
33, 173
659
1,060
3,988
537
5,935
1,187
674
1,626
1, 216
35,007
715
1,145
4,233
602
242
243
244
245
246
247
248
249
250
251
4.74
11.45
9.94
4.41
8.65
10.59
6.13
14.51
9.16
5.82
5.16
6.60
7.38
7.45
5.02
5.76
6.70
9.50
7.65
9.01
6.25
8.81
6.78
8.41
10.63
10.83
8.11
10. 90
6.84
7.67
5.25
9.31
8.37
6.31
8.04
9.17
6.79
12.08
8.12
7.24
5.65
7.60
7.11
7.88
7.54
8.03
7.34
10.13
7.28
8.40
6.95
8.91
9.07
7.95
11.15
6.10
7.21
7.28
6.61
8.42
.05
.44
.38
.07
.13
.61
2.03
.41
.12
.04
.05
.48
.39
.08
.14
.68
2.12
.57
.12
.05
203
1,718
1,465
266
513
2,324
7, 730
1,573
433
183
250
2,009
1,869
323
606
2,759
9,235
2,117
606
234
274
2,523
2,245
409
688
3,251
11, 403
2,714
671
290
293
2,689
2,347
439
832
3,674
12,335
3,051
723
323
310
2,913
2,477
476
825
4, 083
13, 351
3,380
744
344
323
3,217
2,669
514
959
4,650
14, 572
3,854
806
399
347
3,532
2,858
567
1,026
5,122
15, 703
4,246
875
433
371
3,846
3,117
612
1, 140
5, 434
16, 836
4,554
933
463
252
253
254
255
256
257
258
259
260
261
7.92
7.23
6.12
5.80
3.98
6.31
4.51
8.22
4.70
6.36
4.81
3.66
6.00
4.83
7.23
4.32
6.48
5.10
8.25
9.97
8.90
9.05
12.35
8.22
7.59
8.50
7.01
7.54
7.17
6.06
6.67
6.28
7.06
5.22
7.76
5.39
7.22
7.12
6.01
7.38
8.19
7.68
5.79
7.39
5.97
9.70
.00
7.48
7.66
9.92
9.22
3.98
6.45
6.82
.08
.77
.16
.15
.17
.11
.07
12.07
1.52
.08
.79
.14
.16
.19
.12
.06
12.68
1.38
321
2,937
602
572
658
439
266
46,336
5,851
395
3,491
660
675
775
536
310
55,445
6,614
518
3,892
746
811
873
667
343
67,770
7,778
563
4, 559
815
877
982
723
389
74,051
8,407
609
5,218
889
1,011
1,118
763
412
80,245
8,721
669
5,818
967
1,110
1,284
846
437
88,347
9,531
746
6,255
1,064
1,162
1,422
907
475
95, 961
10,250
810
6,257
1,143
1,250
1,562
991
494
102, 152
10, 979
262
263
264
265
266
267
268
269
270
.00
.00
.00
.00
7.09
7.86
7.68
6.75
11. 37
11.52
11.48
8.81
.00
.00
.00
.00
9.01
9.51
9.39
7.68
10.82
12.95
12.45
12.75
.09
.28
.37
.12
.11
.37
.48
.13
343
1,085
1,428
479
399
1,407
1,806
576
517
1,708
2,226
710
553
1,875
2,428
741
647
2,044
2,691
796
705
2,301
3,006
865
801
2,609
3,410
960
887
2, 947
3,835
1,082
271
272
273
274
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
Broad Industrial Source, by SMSA's and Non-SMSA's, for Selected Years, 1965-70
Personal income by major type of payment, where earned, 1970
Earnings by broad industrial source, where earned, 1970
Millions of dollars
Millions of dollars
Total
wages
and
salaries
Other
labor
income
Proprietors'
income
Property
income
Transfer
payments
Less:
Personal
contributions for
social
insurance
Total
earnings
Farm
earnings
Govern- Manufacturing
ment
earnings
Mining
TransporLine
tation,
Whole- Finance,
Services
insurContract communi- sale and
retail ance, and
construc- cations,
tion
and
real
trade
public
estate
utilities
536,674
432,242
104,432
30,814
25,391
5,423
66,869
41,478
25,391
112,984
88,020
24,964
79,558
57,751
21,807
27,950
22,402
5,548
634,357
499,111
135,246
19,116
4,554
14,562
112,099
83,466
28,633
176,075
141,226
34,849
6,582
3,021
3,561
38,627
31,319
7,308
44,943
37,620
7,323
105,496
86,264
19,232
33,210
29,661
3,549
96,343
80,879
15,464
1
2
3
11, 927
2,469
284
1,018
3,145
186
638
2,265
632
397
619
148
15
56
189
9
36
135
32
23
1,065
336
24
91
239
24
49
232
60
47
2,676
821
55
224
707
41
127
568
146
94
1,721
293
33
206
326
41
79
319
77
70
607
130
14
52
159
10
35
118
29
21
13, 611
2,954
323
1,165
3,573
219
723
2,632
723
467
27
2
5
7
31
6
3
8
8
2
2,005
262
38
153
359
21
67
309
188
44
3,485
1,226
108
519
1,381
88
289
927
269
212
5
1
0
890
124
19
59
142
7
59
201
30
18
2,440
442
48
174
516
41
116
418
90
60
981
121
15
1
880
187
33
56
248
(s)
59
202
37
27
2,855
576
56
153
456
34
91
451
83
85
4
5
6
7
8
9
10
11
12
13
500
2,054
1,492
1,625
28,631
4,884
25
113
86
101
1,588
228
58
198
138
143
2,705
693
106
401
328
357
6,650
1,210
80
373
259
276
4,153
927
27
131
75
83
1,490
254
582
2,365
1,716
1,870
32,924
5,805
6
2
15
12
134
189
79
334
304
228
4,390
1,304
131
822
577
789
10,825
1,682
0
44
1
21
13
105
112
2,154
413
49
135
85
108
1,925
271
128
409
257
264
5,403
837
96
371
275
273
5,854
864
14
15
16
17
18
19
2,158
1, 556
305
405
6,406
805
3,772
269
683
1,248
106
120
16
19
334
47
286
18
46
59
190
149
32
55
482
87
328
24
79
103
343
288
68
87
991
156
659
60
104
193
333
208
62
101
776
127
599
46
105
183
101
82
17
23
329
39
182
13
36
67
2,455
1,825
352
479
7,222
939
4,386
312
809
1,410
10
16
5
6
26
14
22
2
17
19
589
141
42
88
1,806
140
621
41
71
372
609
913
111
70
1,823
422
1,747
131
395
322
185
96
21
42
461
54
251
22
48
92
176
130
62
36
575
48
332
16
49
131
399
245
54
105
1,183
127
670
51
112
217
380
218
47
99
969
103
564
40
89
182
20
21
22
23
24
25
26
27
28
29
2
0
1
4
(5)
3
6
0
0
3
(5)
0
0
2
428
(5)
37
107
17
48
133
80
2,108
193
101
56
9
30
365
(55)
9
26
72
SUKVEY OF CURKENT BUSINESS
38
May 1972
Table 2.—Per Capita Income, Major Types ol Payment, and Earnings by
Per capita income, where received
Dollars
Percent
of the
national
average
Line
1965
30
31
32
33
34
35
36
37
38
39
40
41
42
34
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
Mideast— Continued
Jersey City, N.J
Johnstown, Pa
_
Lancaster, Pa
_ _ _
Long Branch-Asbury Park, N.J
New Brunswick-Perth Amboy-Sayreville, N J
New York N Y
Newark N J
Paterson-Clifton-Passaie, N.J
Philadelphia Pa -N J
Pittsburgh, Pa
Poughkeepsie N Y
Reading Pa
Rochester, N.Y
Scranton Pa
Syracuse N Y
Trenton N.J
Utica-Rome, N.Y
Vineland-Millville-Bridgeton, N.J
Washington D C -Md -Va
Wilkes-Barre-Hazelton, Pa
-
_
-
_
.-
1967
1968
1969
1970
3,266
2,057
2,770
2,849
2,947
3,768
. . 3,630
3,734
3,044
-- 2,925
3,479
2,195
2,948
3,024
3,132
3,995
3,857
3,959
3,276
3,116
3,688
2,291
3,038
3,258
3,357
4,328
4,132
4,279
3,510
3,309
3,998
2,459
3,202
3,510
3,626
4,727
4,490
4,666
3,761
3,559
4,272
2,682
3,495
3,757
3,881
5,063
4,806
5,013
4,052
3,816
4,596
2,892
3,746
4,011
4,164
5,361
5,143
5,327
4,263
4,061
123
73
102
104
107
137
129
136
116
110
117
74
96
102
106
137
131
136
109
104
20
240
110
93
72
3
10
4
35
54
20
244
131
75
53
2
4
3
43
67
434
411
464
377
486
290
377
543
344
360
73
84
70
79
80
81
85
81
71
70
3,391
2,867
3,238
2,321
2,737
3,196
2,540
2,629
3,357
2,197
3,216
3,013
3,481
2,443
2,954
3,446
2,754
2,874
3,543
2,359
3,330
3,205
3,694
2,640
3,123
3,693
2,935
3,035
3,735
2,598
3,630
3,459
3,947
2,784
3,283
3,951
3,178
3,322
4,050
2,819
4,009
3,746
4,272
3,033
3,525
4,246
3,448
3,588
4,358
3,074
4,358
3,969
4,493
3,231
3,736
4,451
3,689
3,841
4,717
3,309
99
103
121
84
101
122
98
100
112
81
111
101
115
82
95
114
94
98
120
84
131
99
25
204
116
22
141
119
21
214
33
88
24
218
136
25
147
116
15
210
406
414
373
417
329
413
388
504
328
417
104
79
72
78
71
69
75
77
79
90
2,476
3,616
2,615
3,282
2,349
2,750
3,865
2,789
3,489
2,549
3,026
3,941
3,016
3,739
2,742
3,204
4,197
3,307
4,050
2,952
3,410
4,502
3,664
4,354
3,225
3,662
4,764
3,986
4,635
3,459
92
132
98
120
88
93
122
102
118
88
165
8
135
152
11
83
456
333
540
342
494
84
67
87
78
83
2,896
3,005
3,425
2,759
2,980
2,700
2,905
2,764
3,005
3,567
3,078
3,236
3,654
2,980
3,210
2,855
3,002
2,957
3,112
3,836
3,261
3,367
3,747
3,088
3,458
3,003
3,362
3,093
3,393
4,038
3,542
3,622
4, 139
3,338
3,775
3,274
3,507
3,324
3,442
4,346
3,829
3,886
4,531
3,567
3,871
3,484
3,711
3,637
3,751
4,680
3,988
3,926
4,646
3,724
3,922
3,531
3,908
3,801
3,881
4,911
111
108
116
100
102
92
99
102
98
134
102
100
119
95
100
90
100
97
99
125
53
68
33
122
109
168
127
108
142
7
82
95
18
140
96
175
99
119
105
10
404
551
506
439
370
519
505
359
471
29,9
67
69
85
72
78
78
83
72
84
70
2,887
3,378
2,760
3,098
3,022
3,145
3,510
2,716
3,316
3,151
3,136
3,548
2,947
3,286
3,262
3,443
3,746
2,927
3,379
3,431
3,354
3,717
3,147
3,497
3,467
3,709
3,861
3,141
3,465
3,557
3,616
4,048
3,455
3,671
3,687
4,063
4,281
3,333
3,812
3,812
3,896
4,3J85
3,700
3,844
4,118
4,413
4,657
3,645
4,124
4,122
4,129
4,496
3,900
4,012
4,261
4,730
4,745
3,800
4,011
4,268
114
123
108
115
110
109
118
89
111
107
105
115
99
102
109
121
121
97
102
109
45
19
66
40
57
59
28
178
49
70
58
23
101
73
44
14
12
120
74
42
305
331
351
408
448
532
359
521
460
403
68
69
68
62
79
100
86
96
67
84
3,008
2,876
2,452
2,724
3,183
3,152
3,070
2,640
2,912
3,418
3,235
3,264
2,867
3,126
3,552
3,487
3,510
3,128
3,277
3,822
3,794
3,754
3,286
3,464
4,099
3,892
3,867
3,414
3,641
4,184
110
103
94
104
114
99
99
87
93
107
55
98
156
91
43
104
109
197
154
49
392
376
413
418
389
63
74
67
62
70
2,962
2,942
3,054
2,667
3,006
3,256
3,191
2,930
2,842
3,128
3,399
3,442
2,847
2,978
3,220
3,677
3,727
3,007
3,185
3,373
4,019
3,901
3,228
3,388
3,719
4,134
4,008
3,594
3,623
3,846
104
103
130
97
99
105
102
92
92
98
92
94
9
148
125
56
76
163
157
113
435
335
322
429
512
84
79
27
73
79
2,962
2,602
2,692
2,821
2,882
3,265
2,966
2,740
3,212
2,991
3,185
2,939
2,83&
3,080
3,048
3,504
3,025
3,010
3,367
3,212
3,341
3,053
2 91&
3,236
3,195
3,677
3,068
3, 156
3,532
3,375
3,679
3,395
3,226
3,517
3,502
3,898
3,286
3,317
3,775
3,559
3,944
3,744
3,499
3,695
3,748
4,170
3,523
3,614
3,987
3,835
3,910
3,864
3,588
3,907
3,899
4,362
3,587
3,706
4,307
4,001
103
90
98
107
109
124
98
96
115
113
100
99
92
100
99
111
92
95
110
102
101
176
140
71
60
17
137
153
38
47
98
110
164
100
102
32
165
145
37
78
478
563
428
386
459
321
343
428
446
390
76
99
70
68
65
63
69
79
73
64
3,394
3,110
2,768
3,152
2,686
3,316
2,470
2,898
2,750
3,222
2,405
3,620
3,230
2,971
3,236
2,914
3,394
2,632
3,107
2,920
3,440
2,602
3,805
3,347
3,119
3,547
3,088
3,485
2,689
3,274
3,056
3,607
2,728
3,979
3,654
3,332
3,803
3,275
3,639
2,855
3,607
3,419
3,904
2,947
4,169
3,927
3,517
4,049
3,618
3,831
3, 215
3,900
3,782
4,213
3,179
4,269
3,972
3,608
4,385
3,739
4,108
3,474
4,073
3,859
4,367
3,307
117
103
117
106
98
111
84
108
101
117
82
109
101
92
112
95
105
89
104
98
111
84
30
95
31
77
144
51
203
67
117
41
85
161
29
135
60
187
65
112
374
437
358
504
401
520
557
357
422
349
610
68
78
43
91
77
72
75
77
72
88
3,158
2,361
3,130
2,549
2,453
2.508
3,332
2,399
3,370
2,714
2,599
2.548
3,483
2,489
3,554
2,795
2,731
2.898
3,705
2,660
3,777
3,047
2,919
3.114
3,970
2,800
4,077
3,298
3,120
3,317
4,130
3,026
4,376
3,560
3,463
3,422
123
90
126
91
88
99
105
77
112
91
88
87
18
175
13
170
185
126
57
233
30
170
191
196
373
574
334
438
441
473
55
56
61
80
81
60
...
Williamsport Pa
Wilmington Del -N. J.-Md
York Pa
Sum of SM AS's
Non-SMSA area
Great Lakes:
Akron Ohio
Anderson, Ind
Ann Arbor, Mich
Apple ton-Oshkosh Wis
Battle Creek, Mich
Bay City Mich
Bloomington-Noraial , 111
Canton, Ohio
Champaign-Urbana 111
Chicago, 111
_
-
- - --
65
66
67
68
69
70
71
72
73
74
Cincinnati Ohio-Ky -Ind
Cleveland, Ohio ta
Columbus, Ohio
Davenport- Rock Island-Moline , Iowa-Ill
Dayton Ohio
Decatur, 111
Detroit Mich
Evansville, Ind -Ky
Flint, Mich
Fort Wayne, Ind
_
__
75
76
77
78
79
Gary-Hammond-East Chicago Ind
Grand Rapids Mich
Green Bay Wis
Hamilton-Middletown Ohio
Indianapolis, Ind
80
81
82
83
84
Jackson, Mich
_ . _
Kalamazoo, Mich
_
Kenosha Wis
LaCrosse, Wis
..
Lafayette- West Lafayette, Ind
85
86
87
88
89
90
91
92
93
94
Lansing-E ast Lansing, Mich
Lima Ohio
Lorain-Elyria Ohio
Madison Wis
Mansfield, Ohio
Milwaukee, Wis
.
Muncie, Ind
Muskegon-Muskegon Heights, Mich
Peoria 111
Racine 111
95
96
97
98
99
100
101
102
103
104
105
Rockford, 111 . .
Saginaw, Mich
South Bend Ind
Springfield, 111
Springfield, Ohio
Steubenville-Weirton Ohio-W Va
Terre Haute, Ind
Toledo Ohio-Mich
Youngstown-Warren Ohio
Sum of SMS A's
Non-SMSA area
106
107
108
109
110
111
Plains:
Cedar Rapids, Iowa
Columbia, Mo
Des Moines, Iowa
_
_
Dubuque, Iowa __
_ _
Duluth-Superior Minn.-Wis
Fareo-Moorehead. N. Dak.-Minn
-
.
--
-.-
-
-
--
-
-_
__
-
- -
-
-
--
----
-
--
- - -.
-
-
-
- -- -
.
- - - - _ _.
-
Percent
increase
1966
..
.
Rank in
SMSA's
- -
1959
1970
1959
1970
1929-70 1959-70
9i
May 1972
SURVEY OF CURRENT BUSINESS
39
Broad Industrial Source, by SMSA's and Non-SMSA's, lor Selected Years, 1965-70—Continued
Personal income by major type of payment, where earned, 1970
Earnings by broad industrial source, where earned, 1970
Millions of dollars
Millions of dollars
Total
wages
and
salaries
Other
labor
income
Proprietors '
income
Property
income
Transfer
payments
Less:
Personal
contributions for
social
insurance
Farm
Total
earnings earnings
Govern- Manument
facturing
earnings
2, 158
510
818
926
1,691
42,266
6,641
4,129
14,110
6,665
128
41
49
38
132
2,124
422
255
843
476
128
63
130
132
112
4,063
642
483
1,400
639
246
62
134
252
310
11,095
1,545
1,078
2,809
1,435
284
113
110
183
189
6,083
783
511
2,073
1,039
111
28
43
49
86
2,033
347
219
740
356
2,415
614
997
1,095
1,934
48, 454
7,705
4,867
16,353
7,780
0
12
57
9
6
20
5
4
55
14
315
79
89
306
224
6,960
857
468
2,553
807
990
211
453
167
909
10, 048
2,463
1,796
5,223
2,900
662
816
2,835
511
1,687
1,014
898
330
10,463
736
43
61
177
26
104
53
45
20
329
44
64
89
247
54
171
88
94
42
618
74
152
123
538
80
248
264
120
53
1,522
161
83
120
359
110
265
126
159
54
1,273
163
31
43
135
28
81
52
41
17
582
40
769
967
3,259
592
1,962
1,155
1,038
392
11,410
854
9
16
52
3
24
4
22
17
15
3
124
82
350
84
297
235
289
44
5,044
122
360
450
1,598
216
607
364
341
169
443
327
278
1,696
922
120,372
12,138
16
141
55
6,673
666
31
124
96
11,114
1,838
63
396
143
25,779
3,120
47
168
119
16,955
2,476
15
77
48
6,090
617
325
1,961
1,073
138, 159
14,641
5
22
32
542
569
35
296
102
23,672
3,203
144
837
473
38,029
4,525
1,927
374
807
722
409
230
258
1,003
452
24,809
134
22
73
45
26
23
15
80
11
1,421
165
39
67
92
43
33
43
99
45
1,928
320
68
173
141
89
61
66
203
107
5,049
226
45
72
83
59
41
35
126
48
2,600
104
19
39
37
22
12
14
54
22
1,314
2,226
435
947
859
478
286
317
1,182
508
28, 158
7
7
6
34
7
8
22
6
16
27
210
36
253
105
73
31
52
91
253
3,161
1,028
257
394
370
205
114
56
579
43
9,191
3,953
6,665
2,763
986
2,827
428
U
'g?5
634
1, 343
929
273
508
148
64
175
27
1,532
38
225
84
382
614
231
111
219
38
1,153
72
122
76
890
1,338
406
252
429
96
2,400
116
243
165
481
752
298
128
274
51
1,537
82
180
82
216
357
152
55
149
24
714
32
68
47
4,608
7,787
3,142
1,161
3,221
493
16, 771
744
1,690
1,088
11
11
20
27
26
6
11
7
10
8
505
579
579
157
664
53
1,869
68
158
72
1,700
3,102
851
442
1,342
201
7,291
285
907
468
HS
1,469
383
579
3,352
188
91
21
39
230
154
153
45
53
330
254
311
73
120
584
188
182
46
71
350
94
76
20
32
168
2,220
1,713
449
671
3,912
12
21
14
3
47
147
157
32
87
537
1,180
684
160
322
1, 285
391
587
277
204
316
43
42
38
10
18
40
52
35
28
30
90
127
50
39
53
52
63
40
30
31
20
29
15
11
14
475
681
350
243
364
8
5
7
7
9
55
92
48
39
95
204
313
179
69
108
1,004
447
629
807
387
4,352
325
402
1,052
435
112
42
75
34
26
292
34
32
69
32
104
67
59
92
37
371
34
39
111
47
201
91
98
168
70
905
59
88
221
102
126
57
75
89
41
512
37
61
118
56
49
25
34
42
21
224
16
21
56
23
1,220
556
763
933
450
5,015
394
473
1,232
514
25
25
9
30
4
22
6
4
25
9
287
55
69
251
43
474
43
46
116
69
436
234
408
165
225
2,064
192
247
531
253
843
577
699
493
381
462
401
1,907
1,492
92,135
20,427
72
72
56
23
35
48
23
168
142
7,030
1,298
79
60
87
53
40
36
61
210
142
8,221
4,231
140
126
133
120
76
80
74
381
227
17,670
4,918
87
76
94
67
54
61
67
255
190
10,376
3,740
44
30
36
28
22
24
20
105
81
4,828
1,107
995
708
842
569
456
547
484
2,284
1,776
107,387
25, 955
14
10
12
13
9
0
20
31
5
682
1,966
68
59
73
131
95
34
68
252
144
12,634
4,440
531
359
317
100
181
316
128
891
892
41,799
9,124
473
165
946
241
633
263
29
6
52
15
37
11
56
22
97
36
55
46
105
39
150
51
118
68
53
21
107
28
120
38
27
8
54
14
33
16
558
194
1,094
292
726
320
16
8
10
13
2
19
36
66
122
15
151
56
248
17
247
135
95
22
.
Mining
(5)
98
29
60
82
119
2,266
474
309
1,038
522
353
44
51
59
144
4,573
749
284
1,054
612
337
86
146
176
294
8,940
1,231
975
2,756
1,226
4
13
19
39
48
163
27
123
51
48
19
691
53
31
60
132
49
158
60
56
34
637
63
89
131
422
111
353
145
127
51
1,581
137
1
1
5
347
242
19
155
• 127
7,833
809
21
93
56
10,927
906
49
238
150
22,915
2,088
127
72
30
1,785
165
15
28
41
26
22
27
71
19
2,230
341
50
90
120
59
51
47
174
69
5,399
275
511
227
79
157
33
925
52
73
75
387
536
217
73
129
56
933
49
60
81
803
1,425
546
198
419
64
2,646
127
263
190
212
113
29
51
252
160
103
45
25
297
254
330
95
83
717
1
1
0
23
47
18
15
23
51
28
13
19
15
63
94
39
46
48
1
1
1
2
1
5
0
1
7
1
74
48
53
84
25
307
19
21
97
26
38
30
32
50
25
328
23
30
70
22
161
83
88
151
59
836
57
61
194
62
2
1
51
43
50
45
19
32
55
149
128
6,700
1,332
46
34
55
57
22
36
42
177
99
7,136
1,407
139
100
150
92
56
55
88
386
247
17,912
3,682
39
34
2
94
16
74
30
87
31
229
42
120
83
(5)
63
4
1
4
45
9
16
108
(5)
(5)
(5)
(5)
3
11
8
4
4
0
3
(5)
(5)
(5)
(')
(5)
(5)
5
()
(5)
(5)
(5)
3
0
1
(5)
1
59
(s)
Transpor
lane
tation,
Whole- Finance,
Contract communi - sale and
insurServices
construc- cations,
retail ance, ancI
tion
and
trade
real
public
estate
utilities
4
21
8
3
4
1
11
16
2
1
0
8
0
15
4
217
466
3
2
1
100
(5)
42
58
19
17
74
17
52
30
(8)
240
75
108
247
189
10, 189
1,371
813
2,666
1,249
30
31
32
33
34
35
36
37
38
39
15
547
31
93
129
408
77
291
248
112
36
2,395
98
40
41
42
43
44
45
46
47
48
49
11
77
22
9,494
384
39
234
102
24, 100
1,842
50
51
52
53
54
65
275
30
30
6
53
38
11
1,749
111
96
56
38
41
146
66
4,521
55
56
57
58
59
60
61
62
63
64
676
1,202
470
133
386
62
2,342
111
179
132
65
66
67
68
69
70
71
72
73
74
203
239
61
74
493
75
76
77
78
79
12
19
6
57
81
41
44
46
80
81
82
83
84
51
18
18
58
18
269
11
11
44
13
144
60
.84
138
48
702
39
52
145
60
85
86
87
88
89
90
91
92
93
94
28
21
114
80
136
83
57
49
55
317
207
14, 995
2,778
95
96
97
98
99
100
101
102
103
104
105
68
31
179
42
109
58
106
107
108
109
110
111
15
24
40
42
5,318
531
(8)
960
335
(5)
(55)
()
(8)
(5)
(5)
20
38
117
20
101
44
241
392
219
46
90
17
722
28
60
63
12
273
(5)
(6>
(5)
(5)
46
16
10
75
(5)
5,164
645
(5)
27
24
136
9
21
43
SURVEY OF CURRENT BUSINESS
40
May 1972
Table 2.—Per Capita Income, Major Types oi Payment, and Earnings by
Per capita income, where received
Dollars
Percent
of the
national
average
Line
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
Plains— Continued
Kansas City Mo.-Kans .
Lincoln, Nebr
-Minneapolis-St Paul, Minn
Omaha Nebr—Iowa
Rochester Minn
Sioux City Iowa—Nebr
Sioux Falls S Dak
-
-
_
.--- - - -
St Joseph Mo
St" Louis Mo -III
^V^aterloo Iowa
Wichita *Kans
SumofSMSA's
Non-SMSA area
___
•- -
Southeast:
Albany Ga
Asheville N C
Atlanta Ga
Augusta Ga S C
Baton Rouge La
Biloxi-Gulfport Miss
- - -
-
Charleston S C
Charleston' W Va
--
--
Charlotte N C
Chattanooga Tenn-Ga
_
Columbia S C
Q olumbus Ga Ala
Day tona Beach Fla
Durham N C
Fayetteville N C
Florence Ala
Fort Lauderdale-Hollywood Fla
Fort Myers Fla
-
147
148
149
150
151
152
153
154
155
156
Fort Smith Ark-Okla
Gadsden Ala
- Gainsville Fla
Gastonia N C
Greensboro-Winston-Salem-High Point N C
Greenville S C
...
Huntington-Ashland W Va -Ky -'Ohio
Huntsville Ala
Jacksonville Fla
Jackson !Miss
157
158
159
160
161
162
163
164
165
166
Knoxville Tenn
Lafayette La
Lake Charles La
Lakeland-Winter Haven Fla
Lexington Ky
Little Rock-North Little Rock Ark
Louisville Ky Ind
Lynchburg Va
Macon Ga
Melbourne-Titusville-C ocoa Fla
167
168
169
170
171
172
173
174
175
176
Memphis Tenn— Ark
Miami Fla
Mobile Ala
IVtonroe La
Montgomery Ala
_ _ _
Nashville Tenn
New Orleans La
Newport News-Hampton Va
Norfolk-Portsmouth Va
Orlando, Fla __
177
178
179
180
181
182
183
184
185
186
Owensboro Ky
- ...
Parkersburg-M arietta W Va -Ohio
Pensacola, Fla
_
- Petersburg-Hopewell Va
Pine Bluff Ark
Raleigh, N.C
Richmond Va
Roanoke Va
- Sarasota Fla
Savannah, Ga
Shreveport La
Spartanburg S C
Tallahassee Fla Tampa-St Petersburg Fla
Tuscaloosa, Ala _
_ _
West Palm Beach Fla
Wheeling W Va.-Ohio
Wilmington, N C
Sum of SMS A* s
Non-SMSA area
•
-
137
138
139
140
141
142
143
144
145
146
187
188
189
190
191
192
193
194
195
196
-
•
-
-
-
'
- -
•
--
- - -
-
-
-.
-
_
-
-
--
- - -- - -
-
-
- -
-—
---
-
_ _ _ _ _
__
_ _ _
_-_
Rank in
SMSA's
Percent
increase
1965
1966
1967
1968
1969
1970
3,130
2,918
3,276
2,856
3,354
2,985
3,526
3,081
3,632
3,195
3,786
3,292
3,934
3,430
4,121
3,489
4,154
3,806
4,466
3,800
4,373
4,028
4,686
4,050
112
109
120
109
112
103
120
103
48
63
26
62
31
71
17
68
467
416
404
357
81
71
80
72
3,063
2,797
2,247
2,217
2,534
3,154
2,840
2,986
2,938
3,043
2,250
3,277
3,000
2,409
2,342
2,729
3,387
2,921
3,224
3,215
3,261
2,445
3,476
3,118
3,033
2,606
3,054
3,583
3,355
3,239
3,344
3,487
2,533
3,758
3,375
3,352
2,832
3,239
3,855
3,607
3,491
3,573
3,760
2,715
3,952
3,546
3,583
3,017
3,450
4,011
3,865
3,641
3,671
3,995
2,985
4,115
3,706
3,742
3,256
3,753
4,201
4,091
3,770
3,787
4,207
3,141
99
105
83
91
106
115
106
126
115
113
73
105
95
95
83
96
107
104
96
97
107
80
132
83
206
172
80
41
75
12
39
59
146
133
215
130
48
61
126
125
626
358
498
463
433
341
454
432
354
393
630
93
63
108
66
64
69
78
38
52
73
98
2,142
1, 866
2,278
2,919
2,554
2,443
2,195
2,458
1,891
2,609
2,339
1,970
2,438
3,114
2,873
2,681
2,489
2,614
2,078
2,833
2,342
2,201
2,571
3,320
2,930
2,980
2,474
2,786
2,326
3,083
2,613
2,397
2,762
3,598
3,160
3,251
2,936
3,011
2,588
3,245
2,898
2,542
3,023
4, 003
3,405
3,340
3,302
3,279
2,809
3,461
3,198
2,709
3,223
4,290
3,265
3,492
3,230
3,443
2,953
3,832
76
66
80
104
78
98
75
89
66
100
82
69
82
109
83
89
82
88
75
98
232
249
217
88
221
134
237
179
250
121
227
247
221
39
212
182
220
192
241
117
494
670
623
536
632
524
590
526
592
539
94
89
87
90
94
64
100
78
108
77
2,981
2,464
2,194
2,277
2,126
2,170
2,066
2,019
2,555
1,937
3,238
2,726
2,383
2,632
2,227
2,416
2,252
2,153
2,694
2,088
3,510
2,880
2,512
2,913
2,464
2,783
2,687
2,286
2,997
2,242
3,782
3,090
2,718
3,314
2,763
2,909
2,908
2,425
3,303
2,465
4,078
3,404
2,996
3,391
2,985
3,174
3,147
2,736
3,743
2,807
4,326
3,634
3,203
3,288
3,168
3,442
3,173
2,914
4,075
3,000
101
85
77
77
75
78
73
67
98
75
110
93
82
84
81
88
81
74
104
77
114
196
227
226
236
223
238
246
138
233
35
155
226
211
230
193
229
243
64
237
682
457
630
563
418
626
760
944
684
434
98
98
92
97
96
105
101
101
92
84
1,769
2,092
2,032
2,241
2,691
2,380
2,443
2,402
2,593
2,282
1,924
2,345
2,252
2,471
2,956
2,706
2,620
2,495
2,774
2,488
2,132
2,537
2,529
2,526
3,234
2,837
2,792
2,559
2,949
2,539
2,271
2,828
2,787
2,786
3,500
3,047
2,930
2,824
3,245
2,806
2,502
3,005
2,976
2,986
3,868
3,267
3,191
3,075
3,534
3,023
2,673
2,994
3,193
3,092
4,156
3,483
3,503
3,249
3,950
3,209
73
79
72
78
93
76
85
81
98
83
68
76
81
79
106
89
89
83
101
82
239
219
241
220
161
230
194
212
143
207
248
238
22!8
232
54
184
181
216
91
225
630
760
818
731
546
836
613
1,184
425
595
70
75
106
83
106
111
90
85
87
79
2,308
2,101
2,259
2,711
2,704
2,558
2,854
2,408
2,252
3,330
2,479
2,093
2,407
2,731
2,926
2, 761
3,047
2,588
2,434
3,845
2,641
2,307
2,726
3,011
3,188
2,904
3,213
2,761
2,778
4,134
2,848
2,535
2,997
3,130
3,400
3,146
3,542
3,087
2,993
4,498
3,099
2,793
3,120
3,498
3,649
3,346
3, 836
3,390
3,264
4,285
3,328
3,020
3,331
3,681
3,817
3, 574
4, 067
3,673
3,544
3,893
84
77
93
96
90
89
103
80
78
102
85
77
85
94
97
91
104
94
90
99
198
225
162
152
174
180
102
216
224
112
208
235
207
148
118
169
66
149
172
103
583
941
756
654
387
456
413
687
572
497
82
80
65
77
97
85
84
113
111
77
2,377
2,800
2,169
2,080
2,218
2,600
2,718
2,728
2,508
2,309
2,580
2,968
2,324
2,304
2,336
2,827
2,929
2,864
2,706
2,415
2,714
3,279
2,323
2,511
2,566
2,998
3,077
3,022
2,915
2,668
2,981
3,604
2,498
2,772
2,832
3,298
3,318
3,180
3,210
2,944
3,258
4,045
2,680
2,862
3,092
3,596
3,514
3,404
3,350
3,254
3,481
4,428
2,924
2,967
3,230
3,794
3,733
3,709
3,490
3,471
82
107
78
76
77
91
99
96
85
96
89
113
75
76
82
97
95
95
89
89
210
73
222
231
228
169
133
150
195
151
185
26
242
240
219
123
137
143
183
188
453
404
486
501
514
522
416
512
470
511
97
92
74
80
94
92
75
78
90
67
2,383
2,497
2,370
2,389
2,008
2,351
3,005
2,807
2,333
2,167
2,586
2,701
2,468
2,617
2,119
2,545
3,237
2,972
2,493
2, 345
2,637
2,982
2,650
2,903
2,327
2,665
3,455
3,273
2,739
2,777
2,751
3,124
2,905
3,205
2,502
2,918
3,709
3,626
3,054
3,084
2,903
3,247
3,221
3,461
2,756
3,224
4,004
3,952
3,466
3,464
3,004
3,427
3,356
3,722
2,891
3, 464
4,324
4,277
3,707
3,612
92
86
89
75
67
81
105
98
85
86
77
87
86
95
74
88
110
109
95
92
166
191
184
234
248
213
84
136
197
189
236
194
204
141
245
190
36
40
144
160
614
595
578
852
669
647
421
631
541
477
51
84
75
129
100
97
91
101
103
94
2,289
2,252
2,261
2,313
1,683
2,451
2,327
2,053
2,496
1,693
2,486
2,546
2,295
2,452
1,821
2,725
2,533
2,198
2,691
1,859
2,654
2,672
2,524
2,671
1,,994
3, 032
2,752
2,372
2,897
2,024
2,863
2,863
2,871
2,920
2,287
3,375
2,970
2,639
3,158
2,221
3,006
3,173
3,146
3,217
2,468
3,740
3,199
2,968
3,436
2,426
3,259
3,409
3,401
3,525
2,671
3,997
3,475
3,220
3,664
2,617
90
71
80
89
70
94
88
68
90
57
83
87
87
90
68
102
89
82
93
67
173
242
215
181
243
160
186
244
214
198
199
178
249
81
186
222
461
930
761
493
748
356
418
489
536
899
68
121
96
83
76
97
82
118
89
113
1959
1970
1959
1970
1929-70 1959-70
SUKVEY OF CURRENT BUSINESS
May 1972
41
Broad Industrial Source, by SMSA's and Non-SMSA's, ior Selected Years, 1965-70—Continued
Personal income by major type of payment, where earned, 1970
Earnings by broad industrial source, where earned, 1970
Millions of dollars
Millions of dollars
Total
wages
and
salaries
Other
labor
income
Proprietors'
income
Property
income
Transfer
payments
Less:
Personal
contributions for
social
insurance
Farm
Total
earnings earnings
Govern- Manument
facturing
earnings
Mining
3,953
433
6,326
1,593
247
20
346
77
363
46
451
165
750
144
1,189
297
453
58
659
198
209
22
324
81
4,563
499
7,123
1,835
33
7
21
33
585
119
892
327
1,208
82
2,084
346
247
273
222
334
223
7,082
437
346
1,028
25,218
13,010
11
15
12
18
12
480
20
21
61
1,491
601
36
51
32
45
34
585
35
47
134
2,336
5,816
53
66
75
81
48
1,455
123
71
184
5,067
4,390
23
48
32
55
39
901
60
49
145
3,087
3,196
13
16
13
18
12
368
22
20
55
1,325
738
294
339
267
397
269
8,148
491
414
1,223
29,046
19, 426
14
19
11
3
10
28
1
14
14
278
3,978
26
40
27
49
31
995
124
44
173
3,879
4,058
76
85
57
109
89
2,826
81
180
373
8,360
2,938
(55)
()
(5)
204
206
335
4,671
681
723
315
1,826
682
635
8
8
17
264
29
55
10
126
26
45
20
32
39
341
57
64
25
158
60
59
30
47
57
779
74
181
63
329
93
107
25
42
48
388
72
82
37
268
78
94
9
10
18
231
28
37
12
102
32
32
233
246
392
5,276
767
842
350
2,110
768
739
4
11
5
2
8
2
0
10
7
0
70
80
64
685
262
138
178
232
305
93
48
31
128
1,104
232
216
28
631
124
187
(6)
1,377
837
820
633
260
464
547
230
1,236
174
72
52
33
19
11
27
12
17
59
8
109
85
67
35
62
50
31
33
130
28
173
175
78
74
121
80
69
43
645
64
105
104
80
61
97
59
36
40
291
50
71
46
36
21
14
24
13
13
61
9
1,559
974
920
687
332
540
590
280
1,424
211
17
5
7
3
10
9
9
14
11
5
107
99
295
340
60
104
366
66
136
22
339
413
135
5
()
46
142
55
108
172
12
(*)
(5)
'(»)
(5)
274
194
228
351
1,871
777
610
542
1,605
592
16
16
7
18
117
40
46
21
68
30
33
24
27
26
172
64
62
49
103
73
56
30
57
50
384
133
104
75
200
97
63
33
34
38
172
80
109
62
219
79
15
11
12
18
97
40
33
29
74
33
323
233
261
395
2,160
881
719
613
1,776
695
5
4
13
2
28
2
0
26
2
17
39
27
115
30
182
78
87
203
488
110
104
110
25
223
916
359
263
106
198
97
(5)
974
230
301
480
495
836
2,468
345
548
604
60
11
32
24
26
43
169
21
20
28
93
30
47
139
76
77
225
29
50
44
158
54
72
146
74
144
446
56
97
207
140
28
47
90
56
116
286
38
67
73
52
12
16
24
27
45
130
17
27
29
1,127
271
380
643
598
956
2,863
395
617
676
4
5
12
106
20
7
6
4
8
9
207
34
48
88
91
187
321
52
241
106
1.963
3,895
764
218
467
1,502
2,718
864
1,906
1,016
97
186
38
12
19
79
147
32
58
46
206
362
80
31
51
160
264
52
111
169
312
917
146
55
76
288
551
101
200
161
245
573
123
40
65
171
370
81
207
158
102
190
42
12
24
80
142
36
80
49
2,266
4,443
881
260
536
1,741
3,129
949
2, 075
1,231
32
41
12
5
17
15
2
1
7
92
165
337
596
331
149
606
1,662
527
228
499
11
25
25
17
8
26
96
25
10
25
31
34
47
17
35
63
119
42
40
48
22
63
92
50
33
95
327
112
113
80
26
50
83
31
33
61
188
71
81
65
9
18
25
12
9
31
84
28
12
24
206
396
667
365
192
694
1,877
595
278
572
651
430
254
2,145
218
805
417
240
56,754
33, 953
33
21
6
103
12
39
31
12
2,952
1,713
94
39
17
247
24
154
48
34
5,545
7,133
125
64
62
663
32
304
81
38
11,085
6,414
98
51
32
536
38
156
73
32
7,623
6,991
32
22
13
107
12
40
22
13
2,832
1,728
779
490
277
2,495
253
997
496
287
65,252
42, 800
TransporLine
tation,
Whole- Finance,
Contract communi- sale and
insurServices
construc- cations,
retail ance, and
tion
and
trade
real
public
estate
utilities
5
0
5
2
266
40
516
135
566
41
587
201
918
83
1,435
348
295
45
461
143
681
81
1,110
295
112
113
114
115
1
(6)
35
0
1
27
184
245
18
21
(*)
30
19
504
35
24
71
1,919
1,046
13
33
27
34
21
724
61
23
76
2,658
1,060
42
73
68
85
51
1,450
79
65
217
5,506
3,185
(55)
()
17
17
(5)
402
36
12
64
1,767
541
96
52
45
68
35
1,174
74
51
204
4,453
2,261
116
117
118
119
120
121
122
123
124
125
126
19
17
22
311
36
127
23
128
56
56
11
15
24
628
32
44
20
209
46
92
42
42
65
1,312
92
139
45
410
109
129
(8)
12
15
(55)
()
46
12
130
5
()
33
26
35
68
797
77
125
41
299
93
103
127
128
129
130
131
132
133
134
135
136
141
57
64
5
()
23
37
24
15
259
35
198
42
67
27
14
25
18
11
94
16
394
161
157
77
69
70
63
34
328
55
(5)
228
132
124
63
84
118
40
24
297
39
137
138
139
140
141
142
143
144
145
146
(55)
()
10
23
13
9
34
156
46
72
13
166
57
58
31
39
48
356
144
123
68
364
148
(5)
( s)
()5
25
12
17
13
136
73
47
18
(5)
62
11
9
(55)
C)
22
(5)
165
67
48
29
30
37
262
135
,98
164
243
124
147
148
149
150
151
152
153
154
155
156
397
15
114
114
153
196
1,089
182
99
172
22
54
15
30
1
(5)
5
0
(5)
0
60
22
58
43
51
(5)
195
22
40
30
55
27
25
26
39
88
222
20
31
20
196
57
50
113
99
185
480
51
90
78
33
10
10
30
32
(6)
151
17
(5)
22
152
48
46
87
112
142
390
47
77
237
157
158
159
160
161
162
163
164
165
166
409
619
188
40
163
249
437
429
1,078
196
503
536
209
56
68
457
469
233
158
189
2
13
1
2
(5)
2
179
0
(55)
()
129
364
61
22
36
114
224
44
117
122
190
662
83
24
32
110
416
31
128
75
501
924
154
58
103
329
645
91
288
253
123
329
37
11
(5)
152
210
22
(55)
()
375
942
132
41
83
311
543
96
227
217
167
168
169
170
171
172
173
174
175
176
7
1
6
5
20
22
5
2
3
0
21
48
274
163
29
149
319
85
34
126
68
171
()
107
45
114
447
142
28
135
5
3
15
38
44
12
9
(5)
131
38
39
41
19
20
27
12
26
45
167
84
13
69
33
59
90
34
29
144
374
122
63
97
7
12
()
6
7
62
163
32
25
(5)
31
44
70
26
27
112
265
88
70
79
177
178
179
180
181
182
183
184
185
186
18
7
2
14
4
90
2
7
862
4,080
157
47
137
420
66
104
50
46
12,519
8,971
119
218
13
425
78
200
136
79
14, 733
12,776
55
26
19
215
16
110
46
17
4,755
2,211
78
25
7
210
12
39
36
33
5,447
2,054
148
66
49
560
34
183
75
50
12,128
5,626
(55)
()
15
(5)
9
65
21
(5)
3,882
1,082
133
84
35
471
32
195
72
43
10,163
4,465
187
188
189
190
191
192
193
194
195
196
fi
2
0
(5)
(8)
1
59
()
44
5
(55)
0
()
(5)
3
1
0
0
5 0
5
()
0
0
(5) 2
(5)
1
0
(55)
()
5 0
( )1
0
58
(5)
604
1,313
(5)
(5)
26
24
(fi5)
(5)
()
115
23
5
SURVEY OF CUEKENT BUSINESS
42
May 1972
Table 2.—Per Capita Income, Major Types oi Payment, and Earnings by
Per capita income, where received
Dollars
Percent
of the
national
average
Line
197
198
199
200
201
202
203
204
205
206
Southwest:
Abilene Tex
Albuquerque, N. Mex
Amarillo Tex
Austin Tex
-- Beaumont-Port Arthur-Orange, Tex
Brownsville-Harlingen-San Benito, Tex
Bryan-College Station, Tex
Corpus Christi Tex
Dallas Tex
El Paso Tex
207
208
209
210
211
212
213
214
215
216
Fort Worth Tex
Galveston-Texas City, Tex
Houston Tex
Killeen-Temple, T e x
Laredo Tex
Lawton Okla
Lubbock Tex
McAllen-Pharr-Edinburg, Tex
Midland Tex
Odessa Tex
217
218
219
220
221
222
223
224
225
226
Oklahoma City, Okla
Phoenix Ariz
San Angelb Tex
San Antonio Tex
Sherman-Denison, Tex
Texarkana Tex -Ark
Tucson Ariz
Tulsa Okla
Tyler Tex
Waco Tex
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
1966
1967
1968
1969
1970
2,307
2,497
2,661
2,224
2,607
1,674
2,110
2,285
2,975
1,914
2,504
2,617
3,090
2,333
2,892
1,800
2,250
2,446
3,175
2,247
2,804
2,794
3,172
2,623
3,118
1,787
2,471
2,609
3,468
2,388
2,939
2,976
2,906
2,971
3,257
2,056
2,729
2,702
3,792
2,612
3,193
3,200
3,199
3,165
3,519
2,163
2,725
2,938
4,121
2,821
3,581
3,532
3,758
3,310
3,763
2,371
2,808
3,212
4,247
2,982
91
105
105
83
97
56
67
79
114
84
91
90
96
84
96
60
72
82
108
76
171
82
86
208
147
251
247
218
42
201
167
174
129
209
127
252
246
224
47
239
793
539
289
474
482
553
836
595
452
383
83
55
66
85
80
95
94
87
72
64
. __ 2,684
2,411
2,765
2,244
_ . _
1,332
2, 447
2,489
1,287
3,578
--- - - -- 2,731
2,908
2,542
2,944
2,425
1,499
2,760
2,601
1,396
3,786
2,907
3,255
2,773
3,242
3,631
1,760
3,021
2,808
1,474
4,141
3,143
3,538
2,952
3,440
3,183
1,912
3,296
2,978
1,720
4,458
3,453
3,677
3,036
3,737
3,475
2,195
3,550
3,192
1,792
4,423
3,472
3,717
3,398
4,039
3,745
2,474
3,759
3,530
1,973
4,593
3,614
103
94
108
87
52
88
93
46
118
98
95
87
103
96
63
96
90
50
117
92
100
158
65
188
252
187
163
253
29
139
142
201
70
132
251
128
176
253
21
159
425
327
379
893
611
772
625
576
343
436
67
67
73
100
120
97
75
97
81
71
2,678
2,501
2,369
2, 111
2,340
2,262
2,287
2,899
2,447
2,275
2,891
2,712
2,543
2,370
2,422
2,561
2,511
3,100
2,613
2,435
3,094
2,943
2,739
2,507
2,525
2,998
2,745
3,244
2,806
2,621
3,376
3,203
3,007
2,759
2,905
3,450
2,976
3,482
3,126
2,972
3,545
3,529
3,196
3,024
3,318
3,557
3,293
3,682
3,361
3,183
3,794
3,800
3,557
3,218
3,524
3,525
3,586
3,873
3,614
3,471
97
92
82
77
81
67
93
111
84
84
97
97
91
82
90
90
91
99
92
89
149
167
209
229
211
245
164
52
202
200
124
121
171
223
180
179
166
107
158
189
372
496
474
439
735
799
471
427
820
525
82
91
101
94
100
142
78
62
99
91
2,577
2,529
2,061
3,074
2,738
2,208
3,270
2,988
2,328
3,494
3,224
2,559
3,804
3,478
2,744
3,962
3,705
2,970
89
95
75
101
95
76
177
89
552
464
753
105
80
84
2,537
2,551
2,820
2,650
2,896
2,776
2,482
1,874
2,707
2,693
2, 931
2,797
3,115
2,993
2,568
1,880
2,961
2,848
3,441
3,002
3,296
3,037
2,682
2,020
3,137
3,023
3,555
3,165
3,571
3,242
2,875
2,353
3,278
3,340
3,727
3,385
3,917
3,501
3,097
2,366
3,535
3,631
3,986
3,578
4,255
3,742
3,361
2,487
109
99
103
99
116
106
95
75
90
93
102
91
109
95
86
63
61
124
96
129
34
79
155
235
173
156
84
168
45
134
203
250
374
410
395
353
351
348
440
603
50
69
79
68
69
64
64
54
2,410
2,529
2,678
2,332
2,566
2,608
2,834
2,455
2,635
2,722
2,997
2,560
2,880
2, 922
3,236
2,728
3,084
3,153
3,504
2,969
3,371
3,425
3,790
3,180
86
98
105
87
86
87
97
81
192
145
202
195
457
381
382
535
82
63
68
70
3,045
2,848
2,498
2,663
3,061
3,576
2,715
2,429
3,060
3,649
3,242
3,004
2,493
2,835
3,186
3,865
2,917
2,502
3,267
3,820
3,436
3,141
2,600
3,142
3,302
4,087
2,984
2,483
3,480
3,925
3,702
3,401
2,843
3,505
3,687
4,422
3,266
2,756
3,749
4,157
3,968
3,441
2,972
3,673
4,119
4,746
3,446
2,867
4,004
4,537
4,147
3,600
3,142
3,931
4,411
4,980
3,665
3,022
4,175
4,930
116
102
101
100
125
135
99
108
110
144
106
92
80
100
113
127
93
77
107
126
32
106
113
120
14
5
128
64
58
1
55
162
231
94
27
8
151
234
51
9
455
449
541
539
503
370
442
252
387
366
65
63
43
81
63
71
71
30
76
58
3,266
2,447
2,964
2,350
3,050
2,775
3,829
2,998
2,699
2,665
3,422
2,561
3,064
2,510
3,410
3,031
4,107
3,252
2,864
2,891
3,527
2,715
3,211
2,717
3,260
3,296
4,391
3,464
2,918
2,994
3,631
2,947
3,454
2,895
3,806
3,617
4,743
3,843
3,137
3,335
3,829
3,148
3,644
3,091
4,020
3,820
5,084
4,108
3,340
3,543
3,970
3,351
3,877
3,262
4,535
4,003
5,410
4,248
3,528
3,732
111
100
110
84
122
106
137
115
120
102
101
85
99
83
116
102
138
108
90
95
50
123
56
199
23
78
2
37
27
107
87
205
106
213
22
77
1
46
177
138
488
412
378
518
383
399
310
432
194
446
65
55
63
79
72
75
82
71
36
69
2,826
3,251
2,782
2,965
2,516
2,858
2,469
3,236
2,602
3,019
3,670
3,014
3,156
2,725
3,060
2,770
3,478
2,767
3,202
3,978
3,297
3,618
2,967
3,163
2,898
3,693
2,861
3,461
4,243
3,571
3,939
3,290
3,469
3,066
4,003
3,115
3,713
4,451
3,860
4,079
3,507
3,701
3,358
4,266
3,304
3,949
4,394
3,971
4,294
3,795
3,946
3, 401
4,474
3,464
103
124
101
108
96
103
86
122
99
101
112
101
110
97
101
87
114
88
103
16
115
69
154
97
193
92
28
86
38
122
93
200
491
365
401
464
415
603
378
356
463
78
64
82
85
83
77
84
70
62
3,496
3,034
3,130
2,752
3,677
3,325
3,399
2,922
4,126
3,559
3,680
3,123
4,306
3,939
4,019
3,377
4,671
4,324
4,401
3,635
4,982
4,740
4,794
4,052
135
104
110
95
127
121
122
103
6
90
7
13
100
100
100
100
71
111
102
98
--
_ _ -„
-
- -
. .
- _
__
-
Wichita Falls Tex
Sum of SMS A's
Nbn-SMSA area
_ ..
.
_ -.-
Rocky Mountain:
Billings Mont
Boise City Idaho
Cheyenne Wyo
Colorado Springs Colo
Denver Colo
Great Falls Mont
Ogden Utah
Provo-Orem Utah
-
- - -
Pueblo, Colo
- - Salt Lake City Utah
SumofSMSA's
Non-SMS A area
- -
- -
Far West:
Anaheim-Santa Ana-Garden Grove, Calif
Bakersfleld, Calif
--Eugene- Springfield Oreg
Fresno Calif
--Las Vegas, Nev
Los Angeles-Long Beach, Calif
.Modesto Calif
Oxnard-Simi Valley-Ventura, Calif
Portland Oreg —Wash
Reno N e v
- _ - _ _
---
--
--.
_ _
Richland-Kennewick, Wash
.
. . _ _ _
Riverside-San Bernadino-Ontario, Calif
Sacramento, Calif
_ _ _.
S alem Oreg
Salinas-Seaside-Monterey, Calif
-_ San Diego, Calif
--- -.
- -._.-_
San Francisco-Oakland Calif
San Jose, Calif
Santa Barbara-Santa Maria-Lompoc, Calif
_Santa Cruz, Calif
-.
_.-..
Santa Rosa Calif
Seattle-Everett, Wash
Spokane Wash
Stockton, Calif
- - Tacoma Wash
Vallejo-Fairfield-Napa, Calif
Yakima Wash
Sum of SMS A's
Non-SMSA area
Alaska and Hawaii:
Anchorage, Alaska
Honolulu Hawaii
Sum of SMS A's
Non-SMS A area
-
_ _ _
.
_
_
.
- -
--- -
-
- ...
1. U.S. totals shown for 1965 and 1966 do not agree with totals shown in the State personal
income series (August 1971 SURVEY).
2. The BEA definition of SMSA's in New England differs from that of the Office of Manage-
Percent
increase
1965
--- -
._
Rank in
SMSA's
1959
1970
1959
1970
1929-70 1959-70
ment and Budget.
3. Included in the Boston SMSA are Brockton, Lawrence, Haverhill, and Lowell SMSA's
and the non-SMSA portions of Essex, Middlesex, and Plymouth counties.
May 1972
SUEVEY OF CUEEENT BUSINESS
43
Broad Industrial Source, by SMSA's and Non-SMSA's, tor Selected Years, 1965-70—Continued
Personal income by major type of payment, where earned, 1970
Earnings by broad industrial source, where earned, 1970
Millions of dollars
Millions of dollars
Total
wages
and
salaries
Other
labor
income
Proprietors
income
Property
income
Transfer
payments
Less:
Personal
contributions for
social
insurance
12
36
19
35
Farm
Total
earnings earnings
311
GovernManument
facturing
earnings
Mining
87
233
67
292
100
63
54
156
530
324
30
70
49
99
432
25
11
114
1,424
143
(5)
907
22
0
13
5
4
31
6
26
33
21
2,308
453
6,654
495
139
322
488
267
232
263
13
1
26
11
12
4
51
47
5
0
338
80
546
344
50
236
99
62
23
33
97
123
7
91
10
13
38
70
12
18
2,054
3,034
187
2,263
225
274
948
1,541
269
390
16
97
14
15
4
8
2
14
2
9
13
434
385
34,288
11, 609
8
520
28
36
21
62
435
27
46
35
12
18
7
19
193
10
18
12
59
221
1,456
1,041
53
169
912
804
305
175
56
249
65
2,553
83
102
346
50
554
103
88
279
127
4,613
92
157
616
69
530
164
80
220
80
3,638
111
150
432
46
13
113
75
16
20
142
627
190
25
10
41
340
228
65
147
320
1,083
263
92
55
45
440
319
84
127
784
2,832
604
142
66
39
601
440
81
98
578
1,654
432
118
74
14
146
136
20
30
185
651
175
35
14
400
4,339
705
716
1,148
695
277
69,061
6,729
15
245
34
31
38
20
12
3,592
269
60
454
106
134
95
52
77
7,594
1,470
95
902
198
249
152
134
62
13,932
1,405
116
598
139
160
163
124
78
10,941
1,556
756
2,244
3,000
813
26
81
107
32
44
150
194
82
45
380
426
98
37
188
226
90
240
798
324
710
836
195
107
595
4,963
804
9
32
16
25
102
8
3
34
274
32
62
60
67
60
84
57
14
89
426
71
69
163
104
150
139
42
27
147
880
99
39
112
48
84
104
43
17
80
445
96
44
11
5
30
257
35
2,001
377
5,793
457
114
301
372
192
188
224
125
32
374
8
4
5
16
8
8
11
183
44
487
31
22
16
100
67
36
28
387
92
1,192
81
25
72
115
51
62
56
227
52
530
36
22
22
49
50
16
22
105
20
302
10
5
6
20
11
10
12
1,786
2,596
148
2,025
192
233
830
1,314
224
328
87
136
6
68
9
12
39
80
15
16
181
302
33
171
24
29
79
147
29
47
293
461
47
362
49
59
224
262
62
88
228
344
25
277
31
42
135
167
35
57
326
29,592
8,380
9
1,600
418
50
3,096
2,810
98
5,956
2,368
41
3,478
2,028
1,477
194
279
147
617
3,795
201
308
226
13
14
6
15
181
9
11
16
32
37
18
46
319
27
24
23
51
56
40
129
727
51
68
53
271
1,443
7,479
4,098
16
77
358
199
23
123
672
1,320
3,380
789
452
893
899
24, 663
429
740
2,827
436
187
33
22
39
32
1,422
20
31
164
17
247
2,456
2,203
377
782
3,808
11,361
3,201
616
221
43
97
1
16
63
22
59
91
13
9
58
354
43
834
144
1,545
28
6
(8)
50
18
11
36
26
4
371
0
1
(5)
1
8
81
48
556
517
53
991
51
77
264
153
36
82
316
683
22
230
73
72
81
379
85
92
1,871
167
6,664
2,789
(5)
7,135
1,445
239
329
171
678
4,295
237
342
265
7
5
6
8
13
7
4
5
33
60
67
355
838
71
169
47
34
43
9
50
808
24
39
83
15
77
380
245
310
1,643
8,509
5,616
3
9
66
943
88
370
2,097
1,221
184
48
25
57
35
3, 871
996
17
161
2
209
2
1,407
26
28, 638
533
84
68
550
269
89
226
169
4,069
889
406
795
1,022
260
125
, 718
5,663
997
530
1,181
(5)
4
52
537
81
109
45
692
13
3
6
32
10
10
24
139
40
577
14
12
8
36
12
13
19
397
55
1,380
41
32
29
112
61
35
57
111
27
383
8
5
(5)
27
8
11
9
75
3
2
15
3
1
71
143
11
1
122
240
7
105
12
12
99
84
13
21
165
194
17
95
15
19
56
172
18
24
367
571
33
373
29
42
147
277
46
70
138
210
8
132
7
8
47
76
13
22
(5)
1,069
857
13
2,401
605
20
2,603
676
66
6,457
1,616
2,010
1
1
74
0
0
4
17
31
12
41
322
21
13
15
26
30
25
27
387
19
25
15
62
80
23
75
859
46
43
32
88
260
1,438
655
0
(5)
168
346
18
91
582
356
23
161
739
387
41
328
1,589
826
10
(5)
483
162
1,317
78
170
144
44
8,330
126
132
799
26
21
71
3
9
1
130
0
21
(5)
3
274
49
35
60
97
1,415
34
55
(5)
44
138
58
39
77
73
666
150
97
230
147
5,179
91
138
718
91
220
36
16
50
41
(5s)
()
479
165
46
(8)
511
238
85
62
692
2,202
1,431
103
52
142
732
196
232
575
432
66
16,356
2,339
60
1,468
121
156
196
(5)
53
18,718
1,600
355
899
41
146
188
104
105
269
481
92
301
2,908
2,505
458
949
4,271
13, 071
3,654
733
287
22
139
65
30
138
41
39
33
26
35
55
852
25
237
39
44
45
38
15
3,847
389
476
5,038
845
880
1,281
767
365
80,247
8,468
10
9
13
104
5
19
63
31
102
133
37
2,474
3,301
873
3,336
504
1,441
826
926
887
0
28
29
79
19
63
45
29
90
17
52
161
102
130
132
56
19
133
1,302
152
77
31
1
43
155
20
4. The independent city of Colonial Heights, Va. is included in Richmond SMS A. This
differs from OMB's definition which includes Colonial Heights with the Petersburg SMSA.
5. Data not shown to avoid disclosure.
12
2
11
1
Transportation,
Whole- Finance,
Contract communi- sale and
insurServices
construc- cations,
retail ance, and
tion
and
trade
real
public
estate
utilities
1,050
132
440
1,621
2,823
1,254
308
1
5
()
(5)
24
175
159
29
28
267
812
225
44
24
1,961
23
38
321
47
(5)
14
55
23
46
309
52
5,359
1,370
227
228
229
44
51
19
96
705
36
39
58
230
231
232
233
234
235
236
237
39
246
238
239
240
241
1,333
691
654
112
76
163
421
5,653
67
242
243
244
24f
24f
24'
24?
33
106
551
168
24£
25C
251
(55)
()
103
(8)
21
181
82
461
331
58
91
656
25$
255
254
25f
25(
25'
255
25(
26(
261
(5)
(5)
361
74
14
4,577
212
50
0
50
5
82
280
362
88
71
207
278
86
105
375
480
106
27
148
175
22
2
1
1
217
218
219
220
221
222
223
224
225
226
28
95
960
173
144
175
85
80
13,873
1,266
3
1,563
298
510
29
306
31
34
179
239
43
68
1,767
14
25
435
77
65
61
34
19
5,906
476
(5)
6
7
26
1
12
1
36
18
22
78
37
41
37
207
208
209
210
211
212
213
214
215
216
27
8
25
281
13
8
5
29
314
57
44
66
27
17
4,614
448
()
340
56
1,122
(5)
178
32
15
5
16
179
164
25
40
206
197
198
199
200
201
202
203
204
205
206
10
37
449
386
74
117
580
2,305
533
122
51
1
59
241
74
134
125
39
16
103
888
106
31
489
35
(5)
Line
1,008
2, 265
133
30
10
(5)
(5)
31
50
28
58
633
196
51
79
751
155
100
142
83
48
14,155
1,080
2ft
261
2fr
26,
26(
26'
26*
261
27(
84
384
467
113
271
272
272
274
6. Total includes forestry, fisheries, agricultural services, and rest of the world.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
SUEVEY OF CUKEENT BUSINESS
44
May 1972
EXAMPLES OF AVAILABLE UNPUBLISHED DATA FOR LOCAL AREAS
Tables 5.00 and 5.01—Personal Income by Major Sources and Earnings by Broad Industrial Sector, Denver, Colo. SMSA
Table 5. 00 (thousands of dollars)
1966
Total personal income
.. _
Total wage and salary disbursements
Other labor income
Proprietors income
Farm proprietors income
Nonfarm proprietors income
Property income
_
..
Transfer payments..
L/essj personal contributions for social insurance
Total earnings
...
Farm earnings
Total nonfarm earnings
..
Government earnings
Total Federal
Federal civilian
Military
State and local
Private nonfarm earnings
Manufacturing
Mining
Contract construction
Trans, communication, and public utilities
Wholesale and retail trade
_
Finance, insurance, and real estate
Services _ . _.
Other
..
1968
1967
1969
Table 5. 01 (percent of the United States)
1970
1966
1967
1968
1969
1970
3,504,345
3,790,939
4,256,744
4,743,605
5,264,844
0.6036
0. 6061
0.6217
0.6360
0.6590
2,487,916
102, 229
301, 690
6,032
295, 658
488,451
236, 178
112, 119
2, 706, 400
110, 803
297,090
606
296, 484
524, 745
284, 400
132, 499
3, 040, 477
135, 328
316, 015
6,938
309, 077
590, 256
324, 498
149, 830
3, 415, 553
156, 668
316, 415
658
315, 757
674, 472
358, 198
177, 701
3, 794, 676
181, 496
319, 298
376
318,922
726,747
435,267
192, 640
.6362
.4917
.5087
.0375
.6840
.5867
.5378
.6289
.6454
.4996
. 4780
.0041
.6266
.5799
.5488
.6480
.6600
.5337
.4921
.0473
.6240
.6044
.5449
.6594
.6762
.5560
.4721
.0039
.6283
.6372
. 5432
.6781
.7071
.5890
.4775
.0024
.6250
.6432
.5471
.6892
2,891,835
3, 114, 293
3,491,820
3,888,636
4,295,470
.6137
.6184
.6346
.6478
.6771
13, 795
2, 878, 040
556, 768
270, 760
182,550
88, 210
286,008
2,321,272
549, 567
38, 772
210, 728
271,329
590, 287
192, 643
462, 727
5,219
10,934
3,103,359
608, 041
299,607
220, 203
79, 404
308,434
2, 495, 318
589, 323
42, 146
217, 771
287,711
626, 125
218, 532
508,315
5,395
17, 636
3, 474, 184
690, 955
349, 267
240, 033
109,234
341, 688
2, 783, 229
644, 753
49, 461
255, 935
319, 012
706, 196
244, 799
557,315
5,758
13, 188
3, 875, 448
757, 649
384, 460
260, 472
123, 988
373, 189
3, 117, 799
738,039
61, 581
285, 307
350, 787
782, 812
265,000
627, 509
6,764
13,297
4, 282, 173
837,705
412, 863
298, 485
114,378
424, 842
3, 444, 468
808,359
74,330
322,300
386, 883
858, 701
281, 332
704,609
7,954
.0731
.6363
.7357
.8237
. 9079
.6911
.6681
.6163
.3884
.7607
.7347
.8202
.7476
.8266
.7161
.3688
.0621
.6385
.7286
.8333
1. 0121
.5594
.6493
.6198
. 3978
.7884
.7298
. 8206
.7466
.8477
.6953
.3700
.1002
.6522
.7415
.8787
.9937
.7005
.6394
.6333
.3989
.8832
.7782
.8396
.7763
.8471
. 6972
.3686
.0665
.6677
.7467
.9061
1.0093
.7460
.6321
.6509
.4228
1. 0523
.7704
.8416
.7938
.8529
.7100
.3768
.0696
.6960
.7473
.9070
1. 0447
. 6748
.6381
.6846
. 4591
1.1293
.8344
.8608
.8140
.8471
.7314
.4263
Tables 5.02 and 5.03.—Personal Income by Major Sources and Earnings by Broad Industrial Sector, Denver, Colo. SMSA
Table 5.02 (percent change)
1967-66
...
-----
1970-69
1970-66
1966
1967
1968.
1969
1970
8
12
11
11
50
100.00
100.00
100.00
100.00
12
22
6
1045
4
12
14
33
12
16
0
-91
2
14
10
19
11
16
1
-43
1
8
22
8
53
78
6
-94
8
49
84
72
71.00
2.92
8.61
.17
8.44
13.94
6.74
3.20
71.39
2.92
7.84
.02
7., 82
13.84 7.50
3.50
71.43
3.18
7.42
.16
7.26
13.87
7.62
3.52
72.00
3.30
6.67
.01
6.66
14.22
7.55
3.75
72.08
3.45
6.06
.01
6.06
13.80
8.27
3.66
100.00
8
12
11
10
49
82.52
82.15
82. 03
81.98
81.59
-21
8
9
11
21
-10
8
7
7
9
3
6
6
13
10
3
61
-25
12
10
10
9
14
9
12
14
25
11
10
11
8
13
17
1
10
-4
49
50
52
64
30
49
48
47
92
53
43
45
46
52
52
.39
82.13
15.89
7.73
5.21
2.52
8.16
66.24
15.68
1.11
6.01
7.74
16. 84
5.50
13.20
.15
.29
81.86
16.04
7.90
5.81
2.09
8.14
65.82
15.55
1.11
5.74
7.59
16.52
5.76
13.41
.14
.41
81.62
16.23
8.21
5.64
2.57
8.03
65.38
15.15
1.16
6.01
7.49
16.59
5.75
13. 09
.14
.28
81.70
15.97
8.10
5.49
2.61
7.87
65.73
15.56
1.30
6.01
7.39
16.50
5.59
13.23
.14
.25
81.34
15.91
7.84
5.67
2.17
8.07
65.42
15.35
1.41
6.12
7.35
16.31
5.34
13.38
.15
Total earnings
Fann earnings
Total nQiifarm earnings
G'overnment earnings
Total Federal
Federal civilian
._
..
Military
State and local
Private nonfarm earnings
Manufacturing-- _
_
Mining
Contract construction
_
Trans, communication, and public utilities
Wholesale and retail trade --Finance, insurance, and real estate
Services
Other
-_
1969-68
9
8
-2
-90
0
7
20
18
Total personal income
Total wage and salary disbursements
Other labor income
Proprietors income"
Farm proprietors income
Nonfarm proprietors income
Property income
Transfer payments
Less: personal contributions for social insurance
1968-67
Table 5.03 (percent of total personal income)
if17
9
38
11
12
9
17
18
11
13
12
10
7
11
7
15
-8
14
10
10
21
13
10
10
6
12
18
Tables 5.04 and 5.06.—Location Quotient of Earnings by Broad Industrial Sector, Denver, Colo. SMSA
Table 5.06 (ratio)
Table 5.04 (percent of total earnings)
1966
Total earnings
Farm earnings _
_
Total nonfarm earnings
Government earnings. _
Total Federal— Federal civilian. _ _
Military
State and local
Private nonfarm earnings
Manufacturing
Mining
Contract construction
Trans, communication, and public utilities
Wholesale and retail trade
Finance, insurance, and real estate
Services
Other
_.
100.00
.48
99.52
19.25
9.36
6.31
3.05
9.89
80.27
19.00
1.34
7.29
9.38
20.41
6.66
16.00
.18
1967
100.00
.35
99.65
19.52
9.62
7.07
2.55
9.90
80. 12
18.92
1.35
6.99
9.24
20.10
7.02
16.32
.17
1968
100.00
.51
99.49
19.79
10.00
6.87
3.13
9.79
79.71
18.46
1.42
7.33
9.14
20.22
7.01
15.96
.16
1969
100.00
.34
99.66
19.48
9.89
6.70
3.19
9.60
80.18
18.98
1.58
7.34
9.02
20.13
6.81
16.14
.17
1970
100.00
.31
99.69
19.50
9.61
6.95
2.66
9.89
80.19
18.82
1.73
7.50
9.01
19.99
6.55
16.40
.19
1966
1967
1.0000
.1200
1. 0367
1. 1986
1. 3410
1. 4778
1. 1255
1. 0880
1.0041
.6327
1. 2407
1. 1970
1. 3362
1. 2178
1. 3455
1. 1670
.6000
1.0000
.1003
1.0325
1. 1780
1.3473
1.6366
.9043
1. 0498
1. 0023
.6433
1. 2736
1. 1807
1. 3276
1. 2072
1.3711
1. 1240
.5862
1968
1.0000
.1594
1. 0278
1.1682
1.3850
1.5649
1.1060
1.0082
.9980
.6285
1.3922
1. 2258
1. 3227
1. 2232
1. 3352
1.0984
. 5714
1969
1.0000
.1027
1.0307
1. 1527
1.3989
1. 5581
1. 1516
.9766
1.0049
.6527
1. 6289
1. 1896
1.2997
1.2252
1.3147
1.0965
.5667
1970
1.0000
.1030
1. 0278
1. 1036
1.3384
1. 5444
.9963
.9419
1.0110
.6780
1.6635
1.2315
1. 2726
1. 2020
1. 2500
1.0797
.6552
NOTE.—Data are available for selected years, 1929-1965, and for every year thereafter until
1970.
U. S. GOVERNMENT PRINTING OFFICE.: 1972 O - 465-441
CURRENT BUSINESS STATISTICS
J_HE STATISTICS here update series published in the 1971 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (available from the Superintendent of Documents for $3.00) provides a description of. each series, references
to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1967 through 1970 (1960-70 for major quarterly
series), annually, 1947-70; for selected series, monthly or quarterly, 1947-70 (where available). Series added or significantly revised after the 1971
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1970 issued too late for
inclusion in the 1971 volume appear in the monthly SURVEY beginning with the September 1971 issue. Also, unless otherwise noted, revised monthly
data for periods not shown herein corresponding to revised annual data are available upon request.
The sources of the data are given in the 1971 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 189-90.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely.
Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights.
1969
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS
1970
1969
1971
I
j
II
1970
III
IV
Annual total
I
II
1971
III
IV
I
1972
IV
| III
II
I
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
bil $
929.1
974 1 1 046 8
90614
921 8
940.2
948.0
956.0
968.5
983. 5
988.4 1, 020. 8 1,040.0 1,053.4
Personal consumption expenditures, total
do
579.6
615.8
662.1
564.3
575.8
584.1
594. 2
604.0
613. 8
620.9
624. 7
644.9
657.4
668.8
677.2 '691.8
Durable goods, total 9
Automobiles and parts
_ .
Furniture and household equipment
do
do
do
89.9
40.4
36.3
88 6
37.1
37.4
100 5
46 2
39.6
89.5
40.1
35.6
90.6
39.9
37.0
89.4
40.4
36.2
90.3
41.0
36.2
88.6
37.8
37.3
90.7
39.1
37.6
90.4
38. 8
37.0
84.9
32.7
37.6
96.6
43.8
38.8
99.1
45.3
39.4
102.8
48.2
39.6
103 6 ' 107. 6
47 6 ' 48. 7
40.8 '43.6
do
do
do .
do
247.6
50.3
122. 5
21.1
264.7
52.6
131.8
22.9
278 6
57 0
136.5
24 4
241.5
48.5
120.4
20.2
246.4
50.6
121.9
20.8
249.4
51.0
122.9
21.5
253.1
51.1
124.8
21.9
259. 4
51.6
128.9
22.5
262.9
52.1
131.4
22.6
265.5
52.4
132.4
22.9
270.9
54.2
134.3
23.5
273 2
55.4
134. 4
23 8
277 8
57 0
136.3
23 8
280. 2
57.4
137.3
24 5
283 3 ' 288. 0
58 0 ' 59. 0
138 1 ' r140. 7
25.4
25 4
do _
do
. - _ _ do
do .
242.1
33. 7
84.0
16.5
262.5
36.1
91.2
17.9
282.9
39 2
99.7
19.1
233.4
32.8
81.4
16.2
238.9
33.0
83.0
16.4
245.2
34.1
84.7
16.6
250.8
35.0
86.9
16.8
256.1
35.1
88.7
17.5
260.2
35.7
90.3
17.6
265.0
36.7
91.8
18.1
268.9
36.9
94.1
18.3
275
37
96
18
280
38
98
19
5
9
7
0
285.8
39 9
100 7
19 2
290 3 '296.2
41.2
40 5
104.8
102 8
20.0
19 6
Gross national product, total
Nondurable goods, total 9
Clothing and shoes
Food and beverages.. _ __
Gasoline and oil
Services, total 9
_.
Household operation ,.
Housing
_
Transportation
-
_
0
7
5
6
1 0729 '1 103 6
Gross private domestic investment, total
do
137.8
135. 3
151.6
134.3
137.0
141.8
138.0
131.2
134.1
138.6
137.3
143.3
152. 9
150. 8
159.4
Fixed investment __ _ _
Nonresident ial
Structures
- Producers' durable equipment
Residential structures
Nonfarm
...
Ch ange in business invent ories
Nonfarm
do__._
- do
_do_ _
do
do
-do. .
do
do
130.4
98.6
34.5
64.1
31.8
31.2
7.4
7.3
132.5
102.1
36.8
65.4
30.4
29.7
2.8
2.5
149.3
108.7
38.2
70.5
40.6
40.1
2.2
1.7
127.6
95.0
33.1
61.8
32.7
32.1
6.6
6.5
130.2
96.6
33.0
63.6
33.6
33.1
6.8
6.7
131.4
100.7
36.0
64.7
30.7
30.1
10.4
10.3
132.3
102.2
36.0
66.2
30.1
29.5
5.7
5.5
130. 8
100.8
36.1
64.7
30.0
29.4
.4
.1
132.1
102.1
36.6
65.6
29.9
29.3
2.1
1.8
133.5
104.8
37.3
67.5
28.7
28.1
5.1
4.7
133.6
100.8
37.1
63.7
32.8
32.2
3.7
3.3
140 2
104 7
36 7
68.1
35 4
35 0
31
29
148 3
108 3
38 5
69.8
40 0
39 5
46
41
152 0
109 3
38 7
70.6
42 7
42 1
—1 2
20
157. 0 ' 167. 7
112 6 ' 118. 7
39 0 ••39.8
73.6 '78.9
49.0
44 4
48.4
43 8
.6
2.4
.1
20
2.0
55.6
53.6
3.6
62.9
59.3
.0
65.3
65.3
1.4
48.0
46.6
1.2
56.9
55.7
2.8
58.3
55.5
2.7
59.2
56.6
3.5
61.5
58.0
4.2
63.2
59.0
4.0
63.7
59.7
2.7
63.2
60.5
4 7
66 2
61 5
1
66 5
66 4
68 2
68 2
Govt. purchases of goods and services, total.. do
Federal.
do
National defense
. i do
State and local. _
._
do
209.7
99.2
78.4
110.6
219.4
97.2
75.4
122. 2
233.0
97.6
71.4
135.5
206.5
99.2
78.3
107.3
207,8
97.7
77.5
110.1
211.5
100.3
79.4
111.2
213.0
99.5
78.4
113.5
217.3
100.2
78.9
117.1
216. 5
96.8
75.1
119.7
220.1
96.1
74.2
124.0
223.7
95.9
73.2
127.9
227.9
96 4
72 6
131 6
229.6
96 0
71 4
133 6
233.8
97 6
70 2
136 2
By major type of product:
Final sales, total
.
Goods, total
Durable goods _
Nondurable goods
Services. . . . .
Structures
. do _
do
do. _
do
do
do
921.7
449. 9
180.9
269. 0
377.4
94.4
971.3 1, 044. 5
465.5 492.0
193. 7
180.8
284.7 298.3
443.3
410.3
95.5 109. 2
899.8
441.3
179. 1
262.2
364.0
94.5
915.0
447.7
179. 6
268.0
371.9
95.3
929. 8
452.3
181.3
271.0
383.0
94.5
942.3
458.3
183.4
274.9
390. 6
93.4
955.6
461.5
181.5
279.9
400.8
93.4
966. 5
466. 6
183.7
282.9
406.2
93.7
978.4
469.8
184.9
284.9
413.7
94.9
984.7 1,017.7 1,035.4
486.2
464. 0
482.4
190.6
189.4
173.1
295.5
293.1
290.9
420.6 432.3 441.0
108.2
100. 1
102.9
do
do
do .
7.4
4.5
2.9
2.8
-.6
3.4
2.2
.4
1.9
6.6
3.8
2.8
10.4
6.5
4.0
5.7
3.0
2.8
.4
—1.8
2.2
2.1
-2.0
4.0
5.1
4.7
.4
3.7
-3.4
7.1
3.1
3.5
— .4
__bil. $._
724.7
720.0
739.4
721.4
724.2
727.8
725.2
719.8
721. 1
723.3
715.9
729.7
735.8
740.7
751.3 ' 761. 6
do
469.3
475.9
491.8
465.7
469.0
469.9
472.6
474.4
477.1
477.9
474.2
48C8
489.4
494.3
498.9 ' 505. 1
_ do _
do...
do
84.8
202.7
181.8
81.4
207.3
187.2
89 5
211 4
190 9
85.2
201.6
178.9
85.6
202.8
180.6
84.0
203.0
182.9
84.4
203. 4
184.8
82.3
205.7
186.4
83.8
206.5
186. 8
82.8
207. 3
187.9
76.6
209.7
187. 9
85.9
210.0
188 9
87.8
211.5
190.1
91.2
211.6
191.4
93.0 '95.5
212.7 ' 214. 3
195.3
193.2
Net exports of goods and services
Exports
Imports
_
...
-_ do
do
do _
_ _ _
_
...
_
Change in business inventories
Durable goods
Nondurable goods
...
6.8
4.7
2. 1
o
-4.6
60 4
65 0
r!68.3
'-6.2
'69.2
'75.4
240.8 r 249. 6
100 3 ' 104. 9
71 4 ••75.8
140 5 '144.8
1,054.6 1,070.4 '1,103.0
502.0 ' 516. 8
497.4
198.4 ' 207. 9
196.4
301.0
303.6 ' 308. 8
446.3 453.6 ' 465. 0
114.7 '121.3
110.8
.6
2.4
4.6 —1.2
'.2
-1.8
-2.5
2.3
'.3
4.3
1.3
2.3
GNP in constant (1958) dollars
Gross national product, total.!
Personal consumption expenditures, total
Durable goods
...
Nondurable goods...
__
Services
.
_
109.6
102. 2
108 5
108.4
109.4
112.4
108.2
101.0
102.7
104.0
101.2
104 3
110.0
106.7
112.9 ' 116. 5
do
do
do...
...do
103.2
80.1
23.1
6.4
99.9
78.6
21.3
2.3
106 3
79 3
27.0
2.1
102. 8
78.6
24.1
5.7
103.5
79.1
24.4
5.8
103.2
81.1
22.1
9.2
103.3
81.7
21.6
4.9
100.7
79.3
21.4
.3
100. 7
79.4
21.3
2.0
100.1
80.1
20.0
3.9
98.1
75.5
22.6
3.1
101 8
77 7
24.1
2.5
105 9
79.1
26.7
4.1
107.2
78.9
28.3
-.5
110.5 ' 116. 2
81.5 '84.8
31.4
29.0
.3
2.4
do...
.1
2.4
— .1
-.5
—.3
.6
.6
1.7
2.6
3.2
2.1
30
— 5
.1
137.6
61.3
76.3
137.0
60.7
76,3
139.6
62.7
76.8
Gross private domestic investment, total., .do _
Fixed investment
Nonresidential.... . . .
Residential structures..
Change in business inventories
Net exports of goods and services
_
Govt. purchases of goods and services, total.. do
Federal
do
State and local
do
r
Revised.
*> Preliminary.
145.6
73 8
71.9
139.4
65 4
74.0
139.2
62 2
77.' 0
147.8
76.3
71.4
146.1
73 9
72.1
138.2
144.8
143.8
142.6
138.7
73.2
65 3
71 6
69 4
63 8
73.4
74.3
71.6
72.2
73.2
9 Includes data not shown separately.
138.3
63.2
75.2
-3.0
s-1
465-441 O - 72 - S 1
'-4.1
142.6 ' 144. 1
64.0 '64.2
78.6 '79.9
SURVEY OF CUEEENT BUSINESS
S-2
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS
1969
| 1970
1971
Annual total
1969
II
III
May 1972
1970
IV
II
I
1971
III
IV
I
II
1972
III
IV
I
II
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Kates
National income total
bil. $
Compensation of employees, total . _ _ do.
763.7
795.9
851.1
758.9
771.7
778.2
785.8
793.4
802.2
802.1
831.7
847.3
855.2
870.1
898.7
565.5
601.9
641.9
559.1
573.6
583.6
593.2
598.5
606.5
609.3
627.3
638.0
645.6
656.6
679.9
509.6
405,5
19.0
85.1
56.0
67.0
50.3
16.8
22.6
541.4
426.6
19.4
95.5
60 5
66.9
51.0
15.8
23.3
574.2
450.4
18.6
105.2
67 7
68.3
52.1
16.3
24.3
503.7
402.0
18.4
83.4
55.3
67.1
50.5
16.6
22.6
516.9
410.4
20.0
86.5
56.7
67.1
50.5
16.6
22.7
525.8
417.7
19.6
88.5
57.8
67.2
49.8
17.4
22.9
534.7
422.5
20.2
92.1
58.5
68.0
50.2
17.8
23.0
538.5
424.4
19.5
94.5
60.0
67.6
51.0
16.6
23.2
545.2
429.4
19.2
96.6
61.3
66.0
51.4
14.5
23.4
547.2
429.9
18.6
98.6
62.1
65.9
51.5
14.4
23.7
561.4
440.3
19.2
101.8
65.9
66.4
51.6
14.8
23.8
571.0
448.4
18.6
104.0
67.0
67.2
51.9
15.2
24.2
577.3
452.3
18.0
106.9
68.3
69.2
52.3
17.0
24.5
587.0
460.3
18.6
108.1
69.6
70.5
52.5
18.1
24.6
607.3
475.6
19.9
111.8
72.6
r71.2
52.6
18.7
24.8
78.6
70.8
81 0
80.7
78.0
73.3
69.8
71.5
73.0
69.0
79.5
82.5
80.0
82.0
P86.0
12.1
66.5
36 0
17 5
18 4
12.8
58.1
29 5
16 6
13.0
14.0
67 0
34 4
18 0
16.4
12.3
68.4
36 9
18 0
18.9
12.2
65.8
34 8
17.0
17.8
12.0
61.3
33.0
16.9
16.1
11.3
58.5
31.1
16.7
14.3
12.1
59.4
31.5
16.5
14.9
13.5
59.5
30.6
16.8
13.8
14.0
54.9
25.0
16.2
14.2
65.3
34.4
17.2
17.2
13.7
68.9
35.0
18.1
17.0
14.2
65.8
33.0
18.1
14.8
14.0
68.1
34.6
18.3
16.2
P14.1
P71.9
10.0
20 6
8.0
8.5
9.8
9.1
8.2
7.9
8.4
8.5
8.5
24.1
21.2
19.2
19.2
7.8
20.5
10.4
21.0
20.1
20.9
21.9
22.5
25.3
24.3
24.7
84.2
39 7
44.5
24.4
20 0
-5 5
29.9
75.4
34 1
41.2
25.0
16 2
—4.5
33.0
85,4
37 8
47.6
25.5
22 1
—4.4
35.6
86.9
41 0
45.9
24.2
21 6
-6.3
29.4
81.2
38.2
43.0
24.7
18 3
-3.2
30.2
80.0
37.7
42.3
24.9
17.4
-6.7
31.1
75.6
34.1
41.5
25.0
16.6
-5.8
31.8
75.8
34.5
41.3
24.9
16.4
-4.2
32.6
78.5
35.6
42.9
25.2
17.7
-5.5
33.4
71.6
32.3
39.2
25.0
14.3
-2.6
34.2
83.0
38.3
44.8
25.6
19.2
-3.5
34.8
86.9
39.1
47.8
25.4
22.4
—4.4
35.4
85.8
37.5
48.2
25.7
22.5
-5.8
35.9
86.0
36.4
49.7
25.3
24.4
-4.0
36.4
P91.6
P39.3
P52.3
25.8
P26.5
-5.6
36.9
750.3
116 2
634 2
596.3
37.9
803.6
115 9
687 8
633.7
54.1
857.0
115.8
741 3
680.7
60.5
743.1
117.2
625 9
592.4
33.4
759.3
116.1
643 2
600.9
42.3
772.2
117.8
654 5
611.4
43.1
784.3
116.7
667.6
621.5
46.2
803.8
118.0
685 7
631.5
54.2
809.' 8
113.5
696 2
638.9
57.4
816.7
115.2
701.5
643.0
58.5
833.5
111.6
722 0
663.3
58.6
853.4
113.8
739.6
676.0
63.6
864.6
116.0
748. 5
687.6
61.0
876.7
121.7
755.0
696.0
59.0
900.1
135.7
764.3
710.8
'53.5
75.56
31.68
15.96
15.72
79.71
31.95
15. 80
16.15
81.21
29.99
14.15
15.84
18.81
7.82
3.98
3.84
19.25
8.16
4.03
4.12
21.46
9.12
4.59
4.53
17.47
7.14
3.59
3.56
20.33
8.15
4.08
4.07
20.26
7.99
3.87
4.12
21.66
8.66
4.26
4.40
17.68
6.69
3.11
3.58
20.60
7.55
3.52
4.03
20.14
7.31
3.40
3.91
22.79
8.44
4.12
4.32
1 19. 56
7.03
3.43
3.60
22.49
8.16
4.01
4.15
43.88
1.86
1.86
2.51
1.68
11.61
8.94
2.67
8.30
16.05
47.76
1.89
1.78
3.03
1.23
13.14
10.65
2.49
10.10
16.59
51.22
2.16
1.67
1.88
1.38
15.30
12.86
2.44
10.77
18.05
10.99
11.10
12.34
10.32
12.18
12.27
12.99
10.99
13.06
12.83
.48
.44
.66
.46
.47
.49
.53
.45
.42
.73
.28
.47
.47
.80
.31
.46
.46
.74
.30
.50
.43
.76
.33
.49
.34
.34
.28
.54
.47
.60
.36
.55
.42
.39
.37
14.35
.59
45
12.53
.53
45
14.33
.54
42
*78
^.40
3.03
2.23
.49
.55
.64
.44
3.23
2.61
2.54
2.15
3.74
3.12
3.11
2.70
3.83
3.20
4.07
3.35
.39
3.58
2.79
.62
3.28
2.59
4.29
3 60
2.00
3.97
2.11
4.07
2.39
4.60
2.14
3.76
2.59
4.26
2.56
4.16
2.81
4.42
2.50
3.94
2.81
4.44
2.62
4.42
2 84
5 26
do
do
do
do
73.94
31.16
15.98
15.18
77.84
33.05
16.53
16.52
77.84
32.39
15.88
16.50
78.22
32.44
16.40
16.05
80.22
32.43
16.32
16.11
78.63
81.88
32.15 . 30.98
14.92
15.74
16.05
16.40
79.32
30.46
14.21
16.25
81.61
30.12
14.06
16.06
80.75
29.19
13.76
15.43
83.18
30 35
14* 61
do
do
42.78
1.88
1.76
2.22
1.66
11.68
8.71
2.97
7.92
15.67
44.80
1.89
2.06
2.23
1.65
11.48
8.98
2.50
8.71
16.78
45.46
1.85
1.94
2.80
1.63
11,80
9.36
2.44
8.76
16.67
45.78
1.92
1.74
2.94
1.37
12.14
9.77
2.37
9.14
16.52
47.79
1.84
1.88
2.88
1.12
12.72
10.15
2.57
10.38
16.98
49.73
1.86
1.96
3.24
1.22
13.84
11.34
2.50
10.62
17.00
47. 66
1.94
1.56
3.08
1.22
13.68
11.20
2.48
10.20
15.97
48.86
2.04
1.46
1.29
1.33
14.64
12. 16
2.48
10.70
17.39
51.50
2.08
1.88
2.28
1 40
14.91
12.61
2.30
11.21
17. 72
51.56
2.23
1.72
1.68
1.48
15.87
13.56
2.30
10.73
17.85
52.82
2.30
1 64
2 9fi
1 33
15.74
13 01
14, 222
9,490
14, 574
9,602
14,811
9,888
15, 374
10,241
15,806
10,582
15,930
10,696
15,795
10, 461
16, 539
11, 016
16, 628
10, 706
17, 087 P 15, 67
11,475 p 9,57 I'll, 810
329
442
336
274
447
327
433
510
547
468
p41
2,716
1,814
2,767
1,820
2,925
1,93'
2,790
2,855
2,839
2 ftfi9
2,904
3,248
2,975
2 igQ
p3,58
* 2, 10
Wages and salaries, total
do
Private
do
Military _
__ .
_ _ do. .
Government civilian
do
Supplements to wages and salaries
do
Proprietors' income, total 9
do
Business and professional 9
_ _ do
Farm
- __do
Rental income of persons
do
Corporate profits and inventory valuation adjustment total
bil $
By broad industry groups:
Financial institutions
_
do
Non financial corporations, total
do
"M"
/^
W
rt
~~H
f~'
An
Durable goods industries
do
Transportation, communication, and public
utilities
bil. $
All oth er industries
do
Corporate profits before tax, total
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest
—- -
do
do
do
do
do
do
>_do
8.8
8.1
8.8
DISPOSITION OF PERSONAL INCOME
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
bil $
Less* Personal tax and nontax payments
do
Less* Personal outlays®
E duals' Personal saving§
- -
__do _
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
bil. $.
Manufacturing
do
Durable goods industries 1
do
Nondurable goods industries f -do .
Nonmanufacturing. _
Mining
_
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication
Commercial and other.
.
_
-_
Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Durable goods industries If
Nondurable goods industries f
Nonmanufacturing
Mining
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication
U.S.
_
do
do
do
do
.do
-do
do
do
-do
_ . -do
_ -do
do
do
do
do
do
2.99
2.22
.77
.80
.78
.69
.63
.41
.63
.71
56
37
69
52
OK
45
4.31
3 60
* 72
2 7 08
2 7 92
187. 54 1 89. 09
Q/) KO
1 f\ ft9
IK Q8
Ifi K.A
55.62
2.22
I nn
56.57
1 fi7
16.90
1 35
16.78
14 18
9 fift
1 *» 74.
14. 17
9 74.
10 44
19* 10
OK
3.60
3 15
2 1(\ QO.
2.12
1 <V7
9 Qfi
2 31 7Q
BALANCE OF INTERNATIONAL
PAYMENTSd"
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
55, 600
Merchandise, adjusted, excl . military
do... 36,490
Transfers under U.S. military agency sales con
1 515
Receipts of income on U.S. investment
abroad..
mil. $
Other services
_
.do..
Imports of goods and services
_
do..
Merchandise, adjusted, excl. military do__
Direct defense expenditures ... . . _ do
Payments of income on foreign investments in th
U.S
mil. $
Other services
do__
Balance on goods and services, total
do. .
10,539
7,056
62, 903 P 65 932
41,980 P 42| 769
1,480
P 1 942
11,409 v 12, 711
8,034 P 8, 510
2,585
1,818
9
197
*t *•*
1fi fi9
17 03
-53, 589 -59,311 P— 65,23 -13, 926 -13, 866 -14, 142 -14, 493 -14, 761 -14, 935
-35,830 -39,870 p-45,64 -9,566 -9,278 —9,397 -9,728 -9,831 -9,992 -10,319 -10,76 -11,76 -12, 015
-4,856 -4,851 p-4, 796 -1,187 -1,221 —1,251 -1,182 -1,255 -1,211 -1,203 -1, 174 -1, 214 -1, 190
-4, 564
-8,339
2,011
-16,19 P—1344
-11,0
-1,2
273 -1,3
-1,078 -1,242 —1,315 -1,348 -1,322 -1,284 -1,213 -1, 115 -1, 072 -1,
9 f\f\
—2 5
—2, 095 —2, 125 —2, 179 -2,235 —2,353 —2,448 —2,390
g
p— 5
1
1
*\n
995
1,045
669
881
296
708
p699
Af\
nnA
1/tO
94.R
i nft
— Ri
p-1. 5
-5,167 P
~i*»$
—9, 425 p-10,02
3,592
r
Revised.
P Preliminary.
* Estimates (corrected for systematic biases) for Jan.Mar. and Apr.-June 1972 based on expected capital expenditures of business. Expected expenditures for the year 1972 appear on p. 20 of the Mar. 1972 SURVEY.
2 Includes communication.
9 Includes inventory valuation adjustment.
©Personal outlays comprise personal consumption expenditures, interest paid by consumers, and personal transfer
9 1ftQ
1 R. °.SQ
payments to foreigners.
p-90
p-1.6
§Personal saving is excess of disposable income over personal
atk for individual durable and nondurable goods industries components appear in the
Mar., June, Sept., and Dec. issues of the SURVEY.
cfMore complete details appear in the
quarterly reviews in the Mar., June, Sept., and Dec. issues of the SURVEY.
SURVEY OF CURRENT BUSINESS
May 19T2
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971>dition ofBUSINESS STATISTICS
1969
1971
1970
II
IV
III
1971
1970
1969
Annual total
S-3
I
III
II
IV
I
II
1972
III
I*
IV »
II
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
U.S. BALANCE OF INTERNATIONAL
PAYMENTS— Con.
Quarterly Data Are Seasonally Adjusted
Unilateral transactions (excl. military grants), net
mil. $.. -2, 910
-756
-939
-3, 148
-3, 474
-839
-693
-753
-803
-836
-899
444
-2, 774
-543
15
-80
125
292
192
-166
-1, 930
do
-50
do
capital
mil. $.. -2, 879
Nonliquid short-term private capital flows, net
-602
do
Allocation of special drawing rights (SDR)___do
Errors and omissions, net
do __ -2,603
-2,029
-1,453
-2, 382
-4, 128
-641
-935
-704
-381
-205
641
-453
-969
-690
-272
-312
-220
-632
-683
-673
-523
7 -1,009 -1, 793 -1,797
-3,038
-9, 284 -2,019 -1,070
356 -1,297
-570
-340
-832 -1, 312 -3,257 -3, 191 -1, 523
-115
217
-59
-140
217
-375
-115
217
-437
-175
-381
-409 -1,008
-731
216
180
179
179
179
-233 -1,012 -2,313 -5,283 -2, 270
Net liquidity balance
Liquid private capital flows, net. _
Official reserve transactions balance.
Changes in:
Liabilities to foreign official agencies
U.S. official reserve assets, net
do
do
do
-6,084
8,786
2, 702
-3, 821 -21,973 -3,019 -1,996
-6,000 -7, 794
4,678
1,317
-9, 821 -29, 767 1,C59
-679
do
do
-517
-1,187
Liquidity balance, excluding SD R
do
-6, 958
Balance on current account
Long-term capital, net:
U.S. Government
Private
Balance on current account and long-term
do
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS
1970
-545 -2,529
717
867
-1, 104 -10,878
7,619
2,477
27, 617
2,348
-749
-372
-210
-27
-628
-717
-166
-985
-299
1,880
-686
-4, 721 -23, 977 -3,287 -2,366
-770
380
-838
-927
-832
-871 -1,453
-542
472
-675 -1,024 -2, 525 -5, 800 -9, 303 -4, 345 -3,219
163 -1,254
-868
-536 -1,400 -2,454 -3, 025
221 -1,610
53 -2, 882 -1, 940
-275
384 -2, 864 -1,404 -2,075 -3, 478 -5, 550 -5, 747 -12,185 -6, 285 -3,494
-85
-154
3,020
264
99
805
164 -1,629
1971
1,736
584
2,765
824
5,077
682
5,256
659
11, 173
1,194
Mar.
May
Apr.
June
July
2,786
429
6,111
-187
-745 -1, 154 -1, 194 -3, 224 -6,061 -10,221 -4,471 -3,773
1971
Annual
178
1972
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr."
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income
803 6
832.4
838 3
843 0
848 6
868 6
857 7
866 1
869 9
871 2
874 9
883.9
892.8
901.8
r
905. 6
909.7
Wage and salary disbursements, total
do...
Commodity-producing industries, total-do
Manufacturing
___
do
D istributi ve industries
do
541.4
200.7
158 3
129.1
560.6
201.8
158 5
135.2
564 8
203.3
159 2
136.5
567.7
204.4
159 6
137 2
572 0
206.1
161 1
138 3
573 2
206.4
161 4
138 1
572 9
205.0
160 2
138 0
579 2
205.3
160 2
140 0
579 8
206.7
161 1
140 7
581 3
207.4
162 0
140 9
584.8
208.1
162 2
141 6
594.8
211.4
165.3
144.7
603.0
213.2
165.8
146.3
610.6
216.4
169.2
149.4
" 613. 2
"218.8
" 171. 6
" 148. 6
617.2
220.5
173.3
149.8
Service industries
Government .
Other labor income -Proprietors' income:
Business and professional
Farm
_
do
do
do
96.7
114.8
30.8
102.4
121.2
32.6
103.3
121.6
32.8
103.9
122. 1
33.1
105.0
122.6
33.4
105.7
123.0
33.7
106.3
123.6
33.9
107.4
126.6
34.1
107.7
124.7
34.3
108.1
124.9
34.4
108. 7
126.4
34.6
109. 9
128.8
34.8
111.4
132.0
35.0
112.3
132.5
35.2
" 113. 5
132.3
35.4
114. 1
132.8
35.7
do
.do
51.0
15.8
51.5
14.8
51.7
14.9
51.8
15.1
51.9
15.2
52.1
15.3
52.2
16.1
52.3
17.0
52.3
17.8
52.4
18.0
52.5
18.1
52.6
18.1
52.5
18.3
52.6
18.7
52.7
"19.0
52.8
18.6
23.3
25.0
64.7
79.6
23.5
25.7
66.6
87.8
24.0
25.5
66.4
89.1
24.1
25.5
66.6
89.8
24.2
25.6
66.7
90.5
24.3
25.2
66.9
109.0
24.4
25.6
67.4
96.2
24.5
25.7
, 68.1
96.5
24.5
25.7
68.8
97.9
24.5
25.7
68.7
97.4
24.6
25.7
68.6
97.6
24.6
24.3
68.4
98.2
24.7
25.8
68.7
98.7
24.8
25.9
68.8
99.4
24.8
25.8
"68.7
" 100. 3
24.9
25.9
69.1
100.0
28.0
30.7
30.9
30.9
31.0
31.1
31.1
31.4
31.4
31.4
31.6
32.0
33.9
34.2
"84.4
34.5
781.4
810.8
816.6
821.1
826. 5
846.5
834.8
842.4
845.3
846.4
850.1
859.2
867.9
876.4
" 879. 8
884.2
Cash receipts from farming, including Government
payments total
mil $
52, 948
3,366
3,472
3,435
3,402
3,672
6,146
4,662
4,850
6,177
6,017
5,406
4 733
3,907
3,821
Farm marketings and CCC loans, total
do _
Crops
do
Livestock and products, total 9
do
Dairy products
__do__
Meat animals .
do
Poultry and eggs
do__
49,231
19, 636
29, 595
6,523
18, 497
4,303
3,344
1,077
2,267
525
1,433
284
3,458
1,001
2, 457
587
1,540
308
3,360
918
2,442
581
1,527
308
3,387
912
2,475
618
1,521
309
3,653
1,175
2,478
583
1,548
327
3,986
1,598
2,388
567
1,454
348
4,306
1,702
2,604
554
1,672
361
4,794
2,127
2,667
544
1, 751
356
6,105
3,426
2,679
5,075
2,586
2,489
573
1,541
352
4,682
2,105
2,577
580
1,668
304
3,890
1 171
2,719
'534
1,864
296
'3,808
" 1, 042
' 2, 766
354
5,978
3,475
2,503
535
1,614
339
103
76
112
104
121
111
135
138
172
223
168
226
143
168
132
137
109
76
'107
'68
97
61
127
135
"137
125
bil. $
_
Rental income of persons .
do
Dividends _ _
do
Personal interest income
do
Transfer payments
do
Less personal contributions for social insurance
bil. $._
Total nonagricultural income.
_
do
FARM INCOME AND MARKETINGS
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1967=100
Crops
__ do _
Livestock and products..
do
Indexes of volume of farm marketings, unadjusted:
All commodities
__ _ _ _ _1967=100
Crops
do
Livestock and products _
do
115
106
94
70
122
112
104
81
103
104
64
95
97
65
122
83
94
60
121
80
95
59
122
80
123
90
53
106
45
106
44
106
66
108
118
103
129
132
110
121
557
1, 752
133
155
124
156
102
103
110
110
131
112
210
113
224
105
123
131
166
104
116
136
101
88
'617
'1,803
'325
'85
3,466
930
2,536
614
1,602
293
78
70
101
"106
'59
47
100
INDUSTRIAL PRODUCTION
Federal Reserve Board Index of Quantity Output
.
Materials
By industry groupings:
Manufacturing
Durable manufactures
Nondurable manufactures
Mining and utilities
106. 1
106.0
106.5
107.3
109.7
102.1
105.5
109.8
109.8
107.2
103.9
' 106. 2 ' 109. 5
' 110. 2
111.3
"104.4
" 110. 3
"99.9
v 104. 7
"96.2
103.4
113.2
125.1
104.9
89.6
103.0
112.9
125.3
105.9
89.1
102.9
113.6
121.9
106.9
88.0
102.7
113.5
127.2
106.9
87.6
107.2
119.3
130. 5
110. 6
90.4
101.6
111.9
94.9
100.2
87.1
105.6
118.4
102.0
109.3
87.6
110.0
123.1
128.6
112.6
91.8
109.3
122.9
135.8
115.7
90.3
105.6
117.3
123.7
108.9
89.2
100.7
109.9
102.4
100.7
87.8
'103.9
' 115. 4
120.6
' 108. 0
••87.6
'106.4
'.117.8
" 125. 2
'111.6
' 90. 7
107.1
118.4
134.7
111.5
91.2
do
"107.8
108.3
108.4
109.0
110.8
110.9
99.2
102.3
106.8
107.6
107.0
106.0
' 108. 1 " 111. 9 ' 113. 0
do
do
do
"105.2
* 101. 5
"110.6
104.3
100.2
110.2
104.4
100.6
109.8
105.0
100.4
111.7
106 0
101.7
112.1
108.3
102.7
116.3
99.7
93.2
109.2
103.1
93.6
116.8
108.1
100.6
119.0
109.2
101.6
120.1
106.2
98.9
116.8
do
"118.0
119.7
119.4
117.9
117.0
120.7
121.9
124.2
123.8
114. 9
115.3
1967=100.. "106.7
Unadjusted, total index
_
By market groupings:
Final products
Consumer goods.
Automotive products
Home goods and clothing
Equipment.
^
. do
do
do
do
_ do
"106.6
" 118. 3
" 126. 4
" 113.0
'90.2
114.5
101.9 " 104. 2 " 108. 2 ' 109. 1
109. 9
95.8 '98.4 " 102. 7 ' 103. 7
104.8
' 110. 6 ' 112. 6 ' 116. 1 ' 116. 7 117.4
119.2
' 121. 0
' 120. 9 '120.0
120.0
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS
1971 9
Annual
May 1972
1971
Mar.
Apr.
May
June
July
1972
Aug.
Sept.
Oct.
NOV.
Dec.
Jan.
Feb.
Mar.
Apr.*
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION-Continued
Federal Reserve Index of Quantity Output— Con.
106 7
106 4
105 5
106 2
107 0
107 2
106.1
105.3
106 2
106 4
107 0
110.9
106 0
104 4
110 3
106 2
104 4
115 5
104 5
102 5
112 7
105 5
103 6
114 6
105 9
103.9
115 7
106. 1
104.5
116 1
106.8
104.9
116.0
106.2
105.0
116.0
106.2
104.6
115 0
106.9
105.3
116 9
107.6
105.9
118 2
107 6 ' 108. 4
107.5 108.1
105.6 'r 105. 9
118. 3
117 9
' 109. 2 ' 109. 8
do
do
do
' 108. 7 108.9
' 106. 6 ' 106. 5
' 118. 5 ' 118. 3
109.6
107.6
119.4
Durable consumer goods
Automotive products
Autos
Auto parts and allied goods
do
do
do
do
104 8
99 9
86 6
125.6
114 3
119 4
108.3
140.8
111 6
117 8
112 2
128.6
112 2
113 7
103 2
133.9
117.2
123.1
108.3
151.4
116 1
121.2
107.9
146.8
115.8
120.1
107.9
143.6
115.8
121.1
108.5
145.2
113.6
118.0
108.0
153.4
115.3
119.6
107.8
142.2
115.5
119.6
109.2
139.7
116.4 ' 117. 1 ' 118. 8 ' 117. 6
119. 8 116.5 ' 119. 2 ' 118. 2
109.4 102.8 106.4 104.6
139.6 143.0 ' 144. 1 '144.3
121.1
125.4
114.3
146.8
Home goods 9
Appliances TV and radios
Carpeting and furniture
do
do
do
107 6
103 4
108 4
111.5
111 2
112 9
108 2
107 9
108 3
111 4
116 4
110 7
113.9
120 7
111.7
113.3
116 9
113 6
113.5
115.0
114.8
112.9
112 1
114. 7
111.1
105 7
116.1
112.9
110 7
115.3
113.4
113 4
117.3
114.7 rr 117. 4 ' 118. 7 ' 117. 3
113.4
123 3 ' 122. 2
116 0
116.0 ' 118. 0 ' 120. 6 122.0
118.5
112 5
101 2
115 4
110.6
120.4
116 0
101 4
119.8
113.2
126.8
113 1
96 9
117 4
111.8
123.2
115 5
101 0
119 4
112.7
126.4
115.1
102.6
118.5
113.2
124.2
116 1
101 9
119.9
113.5
126. 5
116.1
102.4
119.8
112.0
128.0
116.1
100 3
120. 2
112.6
128.4
115.6
102 5
119.1
lit). 4
128.2
117.5
103 5
121.2
113.9
128.9
119.3
103 6
123.5
117.2
130.1
118.5
104 9
122.1
114.6
130.0
Equipment
- do
Business equipment
do
Industrial equipment 9do
Building and mining equipment-do
Manufacturing equipment
do
96.2
101.1
98.8
95.9
91.9
88.9
96.0
92.3
92.9
81.4
88 4
95.0
92.4
92.4
81.3
88 1
95.1
92.4
91.2
82.1
87 8
94.4
90.9
91.5
79.5
88.2
95.0
90.9
88.8
80.1
89.3
96.3
91.8
88.9
81.1
89.6
96.8
92.0
96.4
79.9
90.2
97.8
92.4
96.6
80.5
89.0
97.4
92.6
95.5
81.1
88.8
97.0
93.2
95.2
81.3
88.5
96.6
92.8
94.0
81.0
Commercial, transit, farm eq 9 — -do
Commercial equipment. _
-do
Transit equipment
do
103.7
110.6
94 4
100.1
108.4
89.0
98.0
106.6
87 2
98.2
107.1
87.3
98.4
107.6
87.3
99.6
107.6
90.5
101.5
109.9
88.4
102.2
109.9
90.2
103.8
112.0
90.2
102.8
111.0
90.4
101.3
109.1
88.6
87.9
77.1
77.5
76.5
76.9
77.1
77.7
77.9
77.7
75.1
75.3
110.7
109.4
111.7
112.5
111.3
113.4
113.0
112.7
113.4
114.0
112.9
114.9
114.7 ' 115. 9
115.1 'r 115. 7
114.4
116 0
Seasonally adjusted total index
By market groupings:
Products, total
Final products
Consumer goods
1967—100
Nondurable consumer goods
do
Clothing
do
Consumer staples
do
Consumer foods and tobacco. . . do
Nonfood staples
do
Defense and space equipment
do
' 118. 8
105 6
' 122. 3
' 115. 3
' 129. 7
'88.5
'97.2
'92.3
'98.0
'80.0
r
' 118. 3
102.4
' 122. 5
' 115. 1
' 130. 3
'89.8
'98.5
'93.3
'99.6
'80.6
' 118. 5
118.7
' 123. 0 123.2
' 114. 8 114.8
' 131. 5 132.1
91.2
'90.1
'99.1 100.4
94.7
'93.6
' 100. 3 96.1
83.3
'80.5
100.8 ' 102. 9 '104.5 ' 105. 4 106.8
106.9 ' 109. 0 ' 111. 5 ' 112. 5 113.7
96.0
92.1
94.1 '93.8 '94.3
74.9
74.1
75.3
'75.3
76.0
do
do
do
111 9
110 6
113 0
112.8
113.0
112.5
112 0
112 6
111 4
112 4
113.4
111 6
113.5
115.5
111 9
112.4
113.5
111 6
113.8
115.3
112.7
Materials
do
Durable goods materials 9
do
Consumer durable parts
do
Equipment parts
do
Nondurable goods materials 9
do
Textile, paper, and chem. materials. -do
Fuel and power, industrial
do
107 8
103 4
96.5
95 1
112 5
113.0
117 0
106. 8
100.8
101.4
86.5
113.8
116.1
116.3
107 1
101 9
103.2
86 4
112 0
111.9
121.1
107.5
102.2
102.8
86 0
112.7
113.2
121.0
108 9
104 8
105 1
88 9
112 8
113.7
119 7
109.0
103.0
104.8
87.1
115.5
117.5
121.1
105.3
98.7
98.8
87.0
112.3
113.4
119.7
104.0
94.9
100.4
82.1
114.8
117.8
117.2
106.2
98.7
100.7
86.0
114.7
118.8
119.3
105.6
100.4
101.8
86.9
114.6
118.8
99.4
106.0
99.5
99.4
86.0
116.0
121.7
105.0
107.6
100.1
99.2
87.6
116.6
122.9
117.6
' 109. 0
' 103. 1
' 104. 0
' 88.5
' 116. 0
' 120. 9
' 117. 4
' 116. 7 ' 117. 5 117.2
' 115. 2 ' 117. 5 116.9
' 117. 8 117.6
' 110. 3 ' 111. 6 113.1
' 104. 8 ' 106. 5 107.9
' 105. 8 ' 109. 3 111.2
92.2
'90.2 '89.7
' 116. 9 ' 118. 0 118.9
' 121. 4 ' 122. 9 123.4
' 117. 8 ' 118. 4 121.6
105 2
101 5
108.1
106 9
105 3
109 8
109 4
104.8
98.9
104.0
100.9
96.5
108.7
107.3
103 2
98.3
105.8
106 6
105 2
109 8
104 9
104.4
99.1
108.6
108 7
109.1
108 2
108 5
105 7
100 5
111.5
114 3
112 9
115 8
108 5
105. 6
100.1
108. 3
108.1
105.3
111.3
108.5
104.9
99.4
104.2
98.2
99.0
96.0
110.8
103.6
96.6
93.8
81.0
66.2
106.8
108.0
104.9
98.5
99.5
93.9
85.9
109.0
105.7
105.4
99.1
100.9
95.7
88.7
108. 3
106.9
105.3
98.0
98.7
91.4
81.9
109.9
106.9
105.4
98.2
100.0
93.6
85.5
111.1
107. 1
' 106. 6
'99.7
'103.9
' 102. 4
95.2
'116.0
' 105. 7
' 107. 8
' 101. 3
' 104. 6
' 101. 8
94.6
' 114. 3
' 107. 7
94.5
95.6
94.1
97.3
95.2
96.3
95.0
97.8
95.3
97.0
95.3
98.9
94.6
96.3
93.3
99.6
Intermediate products
Construction products
Misc intermediate products
By industry groupings:
Manufacturing, total
Durable manufactures
Primary and fabricated metals. _
Primary rnetals
Iron and steel
Nonferrous metals
Fabricated metal products
do
do
do
do
do
do
do
108. 2
101. 5
106. 3
104. 3
'98.0
115.6
' 108. 7
'
'
'
'
109.3
103.5
109.3
107.3
102.5
111.5
do
do
do
do
97 6
100 5
99 6
101 4
94.2
95.5
93.0
98.3
93.0
94 0
91 1
97.1
92.7
94 2
91.4
97.4
93.8
95 3
90 9
100.2
94.4
95.2
91.6
99.2
94.7
97.4
94.9
100.2
Transportation equipment
do
Motor vehicles and parts _.
..do
Aerospace and misc. trans, eq
do
91.3
111.6
71.8
108.5
91.3
112.2
71.2
105.5
89.5
108.4
71.4
106.7
90.9
110.2
72.3
108.0
91.7
111.7
72.4
108.5
88.5
106.7
71.0
110. 9
91.1
111.6
71.5
109.1
91.7
111.8
72.4
110.5
92.4
112.9
72.6
111.2
91.6
113.4
70.7
110.4
89.8 '90.7 '93.4 '94.4
111.7 ' 113. 0 ' 116. 5 ' 117. 9
68.7
69.3 '71.0 '71.7
109.3 ' 111 1' 114 4 ' 113. 7
97.6
123.0
73.0
115.4
118.7
Machinery and allied goods 9
Machinery
Nonelectrical machinery
Electrical machinery
94.1 '94.7
96.6 '97.4
92.5 '93.8
101.2 ' 101. 5
'96.6 '96.3
' 98.6 ' 98. 0
'95.6 ' 94. 5
' 102. 1 ' 102. 0
97.8
98.8
95.5
102.5
do
90.3
96 9
83 9
110 8
Lumber, clay, and glass
Timber and products
Clay, glass and stone products
do
do
do
106 3
106 3
106*3
111.3
113.4
110.1
110 8
110 3
111.1
113.0
112 5
113.3
112.3
110.0
113.7
111.0
111.0
111.1
111.2
115.4
108.7
110. 4
113.1
108.8
111.1
113.9
109.4
112.7
117.3
109.9
113.0
117.9
110.1
Furniture and miscellaneous
do
108 8
99 4
117 3
110. 1
98 7
120.5
105.6
95 0
115 4
109.5
98 7
119 3
109 9
do
121 2
111.3
100 9
120.7
113.5
99 9
126.1
111.3
99 6
122.0
112.0
100 8
122.2
112.1
100 3
122.6
111.5
101 6
120.5
114.3 ' 115 0 ' 117 5 ' 117. 1
120.7 ' 121 1r H8 7
119 0
110. 5 ' 111 5' 116 6 116 0
112.7 ' 113. 8 ' 115. 3 ' 116. 6
100 4 r 101 2 ' 104 2 106 4
123.9 ' 125 1 ' 125. 2 125.9
do
do
do
do
do
110 6
100.2
106 3
97 8
90 8
113.3
100.7
108.6
97.8
87.3
110.4
97.3
105 3
94 0
85 4
112.1
99.8
106 3
97 3
89* 9
113 3
101.5
107 5
99 7
89 8
113.7
102.4
113.2
97 1
89 3
113.0
100.2
108.5
97.0
86.7
113.8
100.1
110.5
96 0
84 1
114. 2
102.5
111.0
99.5
87.6
114.6
102.2
110.1
100 0
87 2
115.9
101.6
110.2
99 5
82.9
115.9 ' 116. 7 ' 117. 5 .'117.8
102.8 ' 102. 0 ' 100. 9 ' 101. 4
112.0 ' 108. 9 106.7 108.2
99.9
99 7 '99 8
85.5
86 8 ' 89 3 '86.8
do
do
107 8
113 3
104 1
107.8
116.0
102.2
104.6
111 0
100.2
106.9
114 4
101.8
106 9
115 1
101 4
106.0
113 4
101.0
106.8
115.5
101.0
108.2
117 8
101.7
108.3
116 4
102.9
109.0
116 1
104.3
110.6
119 5
104.5
110.8 ' 111. 3 ' 112. 5 ' 112. 4 111.8
120 0 ' 112 4r 123 o 123 1
104.7 ' 103. 9 ' 105. 4 ' 105. 3 103.8
Chemicals, petroleum, and rubber
Chemicals and products
Petroleum products
Rubber and plastics products
do
do
do
do
118.2
120 2
112 6
115 7
124.3
125.8
115.7
125. 9
120.5
121.0
116 3
122 7
122.4
123.4
115 8
124 5
124.2
123 7
112 7
135 4
125.3
126.8
115 0
129. 1
124.0
125.0
114.8
128.0
126.2
127.6
115.8
129.9
127.3
129.7
113.7
129.6
126.5
128.2
115 7
129.0
127.8
130.7
116 0
127.6
127.8
130.3
118 3
126 6
Foods and tobacco
Foods
Tobacco products
do
do
do .
110 8
111 7
100.0
113.4
114.6
97.7
112.2
113 8
90.3
112.9
114 1
96.9
113 6
114 6
100 3
113.7
115.4
92.1
113.8
115.2
96.6
112.8
114. 0
98.2
111.1
111.9
100.3
113.2
114 3
98.5
115.6
117 0
98.2
do
do
do
do
do
do
do
do
118 0
109 7
131 3
98 8
109.2
105 8
109 7
109 4
119.6
107.0
121 4
93 2
107.5
99.0
108.9
108.3
120.2
111 4
135 1
95 6
111.4
116 2
110.6
112 7
120.6
110 4
124 7
94 2
111.4
115 5
110 8
111 9
119 0
108 6
122 6
92 4
109.6
110 2
109 6
109 5
120.7
108.9
117 3
96 4
109.9
109.4
110.0
109 8
120.3
105.7
93.5
90.2
109. 2
109.4
109.2
107.8
120.0
106.5
104 8
91 4
108.9
109.4
108.8
107 0
120.3
106.0
109 7
90 1
108.0
109.7
107.7
104 7
116.1
97 7
117 1
91 7
96.7
29 1
107 3
105 4
Utilities
do
128 5
135 4 131 5 133 2 132 1
Electric
do
130 8
138 0 133 6 135 5 133 8
Gas
do -.
121.0
127.0 124.3
r
Revised.
*» Preliminary.
9 Includes data for items not shown separately.
fKeyised data (unadj. and seas, adj.)
for 1968-70 for mfg. and trade sales and invent., total; retail inventories; retail sales, totals and
135 6
138 3
138 7
142 0
137 0
139 7
138 4
141 5
139 3
142 3
118.7
102. 3
136 7
93 4
100.2
55.7
107.2
105 0
139 g
142 3
114. 3 ' 115 6' 115 4 ' 115 1
115 8 ' 116 4 ' 116 4 r H() 0
93.8 103 8 102 5
121.4 ' 120. 6 ' 121. 3 '121.6
107 8 ' 107 3 ' 106 8' 107. 6
137 7 ' 128 9 ' 131 0 130 i
92 7 r 93 g r 92 0
92 1
107.0 ' 107. 1 106.6
107.8
112 4 ' 106 3 99 6 ' 104 1
106. 1 107 2
107 7 r 108 4
104 2
104 2 105 5
104 0
138 3 137 4 ' 139 6 139 1
141 2 ' 144 3 ' 144 0
141 9
InstniTTHvnts
Miscellaneous manufactures
Nondurable manufactures
Textiles, apparel, and leather. _
Textile mill products
Apparel products
Leather products
Paper and printing _
Printing and publishing
Mining and utilities
Mining
Metal mining
Stone and earth minerals
Coal, oil and gas
Coal
Oil and gas extraction
Crude oil
' 129. 7 '
' 131 1'
' 119 3'
' 133 2 '
132. 1 '
134. 4 '
118 7
134 7
117.8
117.9
102.3
132. 9 133.2
134. 3 133.7
118 8
138 4
115.2
116 2
122.9
109.4
110.7
113 9
110 3
140.1
145.3
major groups; and invent.-sales ratios for mfg. and trade, total and retail trade, total, durable
and nondurable appear on p. 55 ff. of the Dec. 1971 SURVEY. See also note marked "f" on
p. S-ll.
SURVEY OF CURRENT BUSINESS
May 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS
1970
1971
Annual
S-5
1972
1971
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES §
Mfg. and trade sales (unadj.), total f _ _
_
mil. $
1,275,315 1,371,134 113,995 114,346 114,961 120,859 110,405 113,309 117, 802 118,592 118,740 123,590 109,489 '115,173 125,059
do
11,275,315 11,371,134 112,740 113,155 114,303 115,531 114,727 115,064 115,660 114,687 117,374 116,964 120,587 120,743 122,558
Manufacturing, total
_
Durable goods industries..
Nondurable goods industries
do
do
do
1653,145 i 694,927
352, 189 378,596
300, 956 316, 331
57, 790
31, 616
26, 174
57, 680
31, 308
26, 372
58,352
31, 850
26, 502
58, 988
32, 650
26, 338
58,418
32,123
26, 295
57,804
31,464
26,340
57, 892
31, 543
26,349
57, 439 59, 061 59, 074
31, 166 32, 106 31,858
26,273 26, 955 27, 216
Retail trade, total t
Durable goods stores
Non durable goods stores
do
do
do
1375,527 i 408,850
114, 288 131, 814
261, 239 277, 036
33,274
10, 613
22, 661
33,578
10, 747
22, 831
33,502
10, 576
22, 926
33,827
10, 782
23, 045
33,688
10, 747
22, 941
34,655
11,298
23,367
35,219
11,833
23,386
34,964
11, 695
23, 269
35, 574
11, 885
23, 689
34, 896
11, 334
23, 562
34,886 ' 35,345
11, 475 ' 11,457
23,411 ' 23,888
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
do
1246,643 1267,357
do____ 111, 778 122, 420
do
134, 865 144, 937
21,676
9,736
11,940
21, 897
9,887
12, 010
22,449
10, 350
12, 099
22,716
10, 510
12,206
22,621
10, 365
12, 256
22,605
10,471
12,134
22, 549
10,425
12, 124
22,284
10, 398
11, 886
22, 739
10, 583
12, 156
22, 994
10, 629
12,365
24,351 ' 23,533 23,621
11, 225 ' 10,696 10,973
13, 126 ' 12,837 12,648
Mfg. and trade sales (seas, adj.), total f
61,350 ' 61,865 62,535
33, 573 ' 34,013 34,460
27, 777 ' 27,852 28,075
36,402
12,044
24,358
BUSINESS INVENTORIES§
Mfg. and trade inventories, book value, end of year
or month (unadj.), total f._
mil $
172, 222
Mfg. and trade inventories, book value, end of year
or month (seas, adj .), total t
—.mil. $_. 173,635
Manufacturing, total
_
Durable goods industries
Nondurable goods industries
Retail trade, total ft
Durable goods stores
Nondurable goods stores
Merchant wholesalers, total
_
Durable goods establishments
Nondurable goods establishments
.
do
100, 476
_do
65, 152
do ___ 35, 324
do
46, 555
do
20,490
do__.
26,065
do
26, 604
do
15, 565
do
11, 039
178, 176 176,940 178,262 178,696 177, 715 176,784 175, 995 177, 257 179,513 180,649 178,176 179,006 180,638 182,244
179, 939 175, 536 176,275 177, 046 177, 403 177, 652 178, 157 178,924 179,468 179,407 179,939 180,467 180,860 181,115
100, 549 100, 502
64, 242 65, 082
36, 307 35, 420
50, 474 48, 246
23, 124 21, 704
27, 350 26, 542
28, 916 26, 788
17, 254 15,780
11, 662 11,008
100, 420 100, 647 100, 536 100, 194 100,063 100, 266 100,740 100,793
65, 033 65, 079 64, 825 64,692 64,523 64,563 64, 494 64,399
35, 387 35, 568 35, 711 35,502 35,540 35, 703 36, 246 36, 394
48, 809 49, 259 49, 534 49, 592 50, 299 50, 844 50,800 50, 377
22,056 22, 509 22, 679 22,707 23,313 23, 769 23, 652 23, 306
26, 753 26, 750 26, 855 26, 885 26,986 27,075 27, 148 27, 071
27, 046 27, 140 27, 333 27,866 27,795 27, 814 27, 928 28, 237
16, 025 16, 128 16, 197 16,581 16,526 16, 666 16,786 16, 899
11, 021 11,012 11, 136 11, 285 11,269 11, 148 11, 142 11, 338
100,549
64, 242
36, 307
50, 474
23, 124
27, 350
28, 916
17, 254
11, 662
100,876
64,722
36, 154
50,542
22, 930
27, 612
29, 049
17, 287
11, 762
101,033
' 64,769
r 36,264
50,646
22,958
27, 688
' 29,181
' 17,354
' 11,827
101, 119
64,858
36,261
50,890
23,025
27,865
29,106
17,277
11,829
BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade, total t
Manufacturing, total
D urable go ods i ndustries
Materials and supplies
Work in process
Finished goods
^
Nondurable goods industries.. .
Materials and supplies
Work in process
Finished goods
Retail trade, total tj~
Durable goods stores
.
Nondurable goods stores .._
__
ratio
1.60
1.55
1.56
1.56
1.55
1.54
1.55
1.55
1.55
1.56
1.53
1.54
1.50
1.60
1.48
do
do
do ___
do
do
1.82
2.20
.64
1.00
.55
1.74
2.05
.61
.91
.53
1.74
2.06
.60
.91
.55
1.74
2.08
.62
.91
.55
1.72
2.04
.61
.90
.53
1.70
1.99
.60
.87
.51
1.72
2.01
.62
.88
.52
1.73
2.05
.63
.90
.53
1.73
2.05
.61
.90
.53
1.75
2.07
.61
.92
.54
1.71
2.01
.59
.89
.52
1.70
2.02
.60
.89
.52
1.64
1.93
.57
.86
.50
1.63
1.90
.56
.85
.50
1.62
1.88
.55
.84
.49
do
__do
do
do
1.37
.50
.20
.66
1.36'
.50
.19
.66
1.35
.49
.19
.67
1.34
.49
.19
.66
1.34
.49
.19
.66
1.36
.50
.20
.66
1.35
.49
.20
.66
1.35
.49
.19
.66
1.36
.50
.20
.66
1.38
.51
.20
.68
1.35
.50
.19
.66
1.33
.49
.19
.65
1.30
.48
.19
.63
1.30
'.49
.19
.63
1.29
.48
.19
.62
do
do
do
1.47
2.17
1.16
1.44
2.04
1.16
1.45
2.05
1.17
1.45
2.05
1.17
1.47
2.13
1.17
1.46
2.10
1.17
1.47
2.11
1.17
1.45
2.06
1.16
1.44
2.01
1.16
1.45
2.02
1.17
1.42
1.96
1.14
1.45
2.04
1.16
1.45
2.00
1.18
'1.43
'2.00
L16
1.40
1.91
1.14
1.23
1.61
.92
1.23
1.60
.92
1.24
1.62
.92
1.24
1.62
.92
1.21
1.56
.91
1.20
1.54
.91
1.23
1.60
.92
1.23
1.58
.93
1.23
1.60
.92
1.25
1.61
.94
1.24
1.60
.93
1.26
1.62
.94
1.19
1.54
.90
1.24
1.62
.92
1.23
1.57
.94
20, 122
21, 583
2,017
1,898
1,708
1,681
1,803
1,741
1,752
1,706
1,521
1,707
1,714
1,893
1,951
1, 979
1,793
1,785
1, 853
1,819
2,083
1,887
1,788
1,900
1,967
2,029
2,303
2,158
64,234
Merchant wholesalers, total.. .
do
Durable goods establishments.. .
do
Nondurable goods establishments
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:
Durable goods industries:
Unadjusted, total
mil. $
Seasonally adj., total
do
Shipments (not seas, adj.), total
Durable goods industries, total 9 .
Stone, clay, and glass products. __
Primary metals __
Blast furnaces, steel mills. _
.
Fabricated metal products. _
Machinery, except electrical
Electrical machinery... _
Transportation equipment
Motor vehicles and parts..
Instruments and related products
Nondurable goods industries, total 9 ...
Food and kindred products.
Tobacco products _
Textile mill products
Paper and allied products.. .
Chemicals and allied products..
Petroleum and coal products
Rubber and plastics products
.
Shipments (seas, adj.), total. ..
By industry group:
Durable goods industries, total 9
Stone, clay, and glass products.
Primary metals
Blast furnaces, steel mills.
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment.
Motor vehicles and parts
Instruments and related products
do
653, 145
694, 927
59, 383
58, 379
58, 709
62, 142
53, 478
56,321 60,282 60, 146
59,366
57,364
57, 129 ' 62,174
do
do
do
do
352, 189
17, 746
55, 740
25, 733
378, 596
20, 987
58, 546
27, 563
32, 898
1,616
5,270
2,576
32, 003
1,754
5,694
2,880
32, 536
1,772
5,814
2,860
34, 949
1,905
5,810
3,000
28, 485
1,765
4,923
2,775
29, 709 32,627
1,944
1,925
3,843 4,237
1,410
1,629
32,617
1,942
4,430
1,796
32,288
1,853
4,618
2,026
31, 223
1,674
4,478
2,026
31, 079 ' 34,374 '35,992 2 36,114
1,732 ' 1,890 2,006
4,837 5,223 r 5, 577 25,849
2,231 '2,403
2,627
do
do
do
do
do
do
41, 920
56, 135
50, 819
81, 173
45, 113
12, 153
42, 676
59, 484
53, 876
90, 471
58, 063
11, 823
3,596
5,230
4,479
8,475
5,455
959
3,548
4,956
4, 218
7,554
4,895
960
3,623
4,923
4,304
7,803
4,979
976
3,800
5,383
4,759
8,657
5,298
1,034
3,223
4,486
4,045
5,852
3,520
926
3,688
4,680
4,400
6,443
3,923
984
3,802
5,334
4,845
7,626
5,188
1,088
3,686
5,114
4,761
7,901
5,385
1,050
3,604
4,862
4,728
8,047
5,354
1,015
3,429
5,172
4,917
7,173
4,406
1,004
do
do
do
do
300, 956
99, 767
5,464
22, 297
316, 331
105, 336
5,865
26, 485
8,672
465
26, 376
8,570
463
26, 173
8,606
484
27, 193
8,961
533
24, 993
8,470
506
26, 612 27,655 27, 529
8,720
9, 251 9,169
501
513
520
27,078
9,239
506
26, 141
9,206
487
do
do
do
do
25, 192
48, 763
26, 604
17, 502
26, 220
51, 662
27, 968
18, 907
2,211
4,291
2,275
1,563
2,148
4,537
2,323
1,618
2,153
4,454
2,282
1,647
2,300
4,549
2,382
1,690
2,045
4,058
2,327
1,501
2,289
4,329
2,320
1,624
2,299
4,673
2,347
1,649
2,267
4,368
2,381
1,679
2,215
4,270
2,341
1,563
2,145
3,978
2,328
1,534
57,439
'3,606
'5,529
'4,990
'8,434
' 5, 756
'955
26, 050 27,800
8,767 ' 9, 231
494
'500
3,707
5,783
5,171
'8,540 28,455
5,869
1,004
28,370
9,374
510
2,287
4,330
2,367
1,571
'2,426
'4,580
'2,445
'1,687
2,481
4,756
2,443
1,750
61,865
62,535
do
57, 790
57, 680
58, 352
58, 988
58, 418
57, 804 57,892
59,061
59, 074
61, 350
do
do
do
do
31, 616
1,659
5,014
2,401
31, 308
1,728
5,385
2,667
31,850
1,713
5,501
2,641
32, 650
1,762
5,404
2,750
32, 123
1,793
5,312
2,940
31, 464 31,543 31, 166 32, 106
1,772 1,892
1,831
1,758
3,991 4,270 4,421 4,825
1,457
1,706 1,901 2,212
31,858
1,849
4,804
2, 205
33, 573 34, 013 34,594 235,231
2,040 '2,048
2,059
5,003 5,154 '5,294 25,465
2,233 '2,344
2,449
do
do
do
do
do
do
3,534
3,459
3,591
4,794
4,936
4,855
4,340
4, 348
4,501
8,018
7,340
7,388
5,132 4,730
4,576
967
1,007
1,007
' Revised.
1 Based on data not seasonally adjusted.
2 Advanceestimate;
(
total m frs.
shipments for Apr. 1972 do not reflect revisions for selected components,
§The term "biisiness here includes only manufacturing and trade; business inventories as shown on p. 3-1
cover data for all types of producers, both farm and nonfarm. Unadjusted data for rnanufaet ur-
3,269
5,001
4,615
7,379
5,086
910
3,680 3,547 3,683 3,589
3,587 '3,566 3,642
5,446
5, 573 ' 5, 314
5,186 5,064 4,981 5,137
5,044 ' 4, 937 5,000
4,523 4,568 4,607 4,912
6,872
7,620 7,262 7,467
7,595 8,218 '8,084 28,206
5,522
5,052 '5,559
5,153 4,732 4,853 4,397
1,014
992
945
1,032 '1,009
989
962
ing are shown b(slow and on p. S- 6; those f or whole sale and retail tr ade on p]p. S-ll a nd S-12.
JS se corres ponding
fSee (jorrespon ding not e on p. £>-4 and n ote marlced "i" on p. S-1 1.
note on p. S-12.
9Includes da1ba for iteins not st own separately.
3,550
5,015
4,476
8,011
4,647
982
3,437
4,937
4,434
7,749
5,195
1,022
3,679
4,983
4,513
7,915
5,303
969
SUEVEY OF CUEEENT BUSINESS
S-6
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1971
Annual
May 1972
1971
Mar.
Apr.
May
June
July
1972
Sept.
Aug.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Shipments (seas, adj.)— Continued
By industry group:
Nondurable goods industries, total? mil.$
Food and kindred products.
do
Tobacco products
_
do
Textile mill products
do
Paper and allied products
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products
do
By market category:
Home goods and apparel
do
Consumer staples _
do
Equipment and defense prod excl auto do
Automotive equipment
do
Construction materials and supplies
do
Other materials and supplies
do
Supplementary series:
Household durables
.
do
Defense products (old series)
do
Defense products (new series)
_ . .do
Producers' capital goods industries..... ..do
Inventories, end of year or month:
igl 247
128,970
199 238
*53 590
!
53 344
1256 756
1
26 174
8 747
479
26372
8 882
471
26,502
8,795
471
26,338
8,699
495
26, 295
8,739
491
26,340
8,683
488
26,349
8,667
503
26, 273
26,955
9,122
502
27, 216
9,227
486
27, 777
9,339
553
27,852
r 9,421
'532
28, 075
9,458
526
2 173
4 192
2 344
1 499
2 137
4 290
2 368
1 538
2 171
4,315
2 295
1 604
2 219
4,363
2 287
1 582
2,187
4,330
2,344
1,637
2,270
4,305
2,293
1,682
2,211
4,459
2,308
1,637
2,166
2,202
4,406
2,327
1,637
2,451
4,572
2,405
1,700
«• 2,431
' 4,582
' 2,470
1,592
2,194
4,360
2,328
1,583
2,440
4,635
2,520
1,679
i 65 233
5 489
136, 080 llj 290
101
740
8
479
1
64, 963 5 700
1
61, 325 4 941
265 586 21 891
5 516
11,431
8 217
5 283
5 019
22 214
5 583
11,274
8 555
5 136
5,116
22688
5 437 5 295
11,286 11, 218
9 134 8 336
5,226 5,749
5,171 5,154
22734 22, 666
5 322
11,279
8 484
5,889
5,334
21,496
5,299 5,326
11,332 11,302
8 509 8,531
5,733 5,279
5,146
5,188
21,831 21,855
5 692
11,787
8 422
5,438
5,355
22,367
5,779
11, 926
8 555
4,985
5,298
22 531
2,379
3,771
1,887
6,181
2,435
3,594
1,825
5,973
2,396
3,820
2,006
6,203
2,407
4,338
2,589
6,396
2,328
3,548
2,010
6,304
2,419
3,584
2,077
6,435
2,397
3,431
1,765
6,652
2,562
3,587
1,839
6,477
2,689
3,585
1,712
6,741
99 754
64426
35,328
2,625
3,601
1,815
6,940
' 2, 757 2 2, 848
«• 3, 581 23,625
••1,787 2 1, 871
' 7, 112 7,024
100 214
63 878
36 336
100 956 101 257 101 626 100 734 99 826
65 412 65 649 65 790 65 046 64 482
35' 544 35 608 35 836 35 688 35, 344
1 on 47fi
100 549
100 502 100 420 100 647 100 536 100 194 100 063 100 266 100,740 100,793 100 549 100 876 101,033 01, 119
65 082 65 033 65 079 64 825 64, 692 64,523 64,563 64, 494 64,399 64, 242 64,722 64,769 64,858
2,234 ' 2,235 2,220
2,280 2,293 2,302 2,293 2,296 2,272 2,263
2 269
2 267
2 265
9,283 9,201
9,407 r 9,459 9,554
9,195
8,821 8,953 9,230
9,170
9 236
9 333
9 498
4,784
4,875
5, 026 5,071 5,153
4,800
4,815 4,464 4,635 4,875
5 040
4,985
5 138
do
do
do
do
65
2
9
4
do
do
do
do
6 972
14 072
10, 186
14, 133
7 084
13 539
9,861
13, 639
7 122
13* 932
10, 020
13, 813
9 41 7
9 417
9 374
19, 056
3,309
6,326
3 251
19, 133
29, 233
28, 484
2 986
10, 503
9 435
Machinery (elec. and nonelec.)— -do.__.
2,581
3,567
1,785
7,189
35 354
By industry group:
Durable goods industries total 9
Stone clay and glass products
Primary metals
Blast furnaces, steel mills
.do
5,540 ' 5,500 5,648
11, 975 12,148 12, 189
9 121 ' 8,804 8 982
5,614 ' 6,186 6,169
5,624 ' 5,610 5,681
23, 476 23,617 23,866
inn 115
a A 701
Work in process 9 __ _ _
2,367
r 1,666
i 28, 755
i 44, 205
i 23, 266
i 76, 089
do
By stage of fabrication:
Materials and supplies 9
do
Primary metals
do
Machinery (elec. and nonelec.)— .do
Transportation equipment
do
4,266
2,373
*25, 713
146, 603
'24, 308
!71, 159
Nondurable goods industries total
Fabricated metal products
Machinery except electrical
Electrical machinery
Transportation equipment
8,690
511
152
278
139
854
11, 210
Finished goods 9
.___
do
Primary metals
do
Machinery (elec. and nonelec.)— do
16, 863
2,662
6,722
1 A"7K.
64
2
9
4
242
263
195
800
0 K7K
6,330
2,858
16, 625
6,567
1 14fi
6,592
99381 99 957 100,104 100 214 100 980 101,530 01 559
64,090 63 962 63,894 63 878 64 537 65,024 65 182
35,291 35, 995 36,210 36 336 36, 443 36,506 36, 377
7,191
7,084
13,698 13, 539
9,870
9,861
13,515 13, 639
3 861 1 845
2 426
9 417
7,194 ' 7,183 7,123
13, 474 13,425 13,343
9,799 ' 9,823 9,882
13, 787
3 §72 '3938 3 984
2*482 2 494 2 477
19,070
3 453
6,344
2,864
19, 133
3 575
6,330
2,858
19, 149 ' 19,037 18, 978
3,660 r 3 682 3 690
6,388 «• 6.357 6^316
2,651 ' 2,678 2,694
28,628 .28, 484
3,084 2,986
10,631 10, 503
9,260
9,435
28, 831 ' 28,878 29, 019
3,087 r 3 092 3 165
10,322 10,335 10, 338
9,776 r 9 gio 9 898
16,703 16, 625
9 fi8Q 2 664
2 634
6,638 6,593 6,567
1,346
1
391
1 376
16,742 r 16,854 16, 861
2 660 r 2 685
2 699
6,563 ' 6,556 6*. 571
1,360
r 1 362
1 355
36 394
9,169
2 262
36, 307
9,192
2,321
2,772
6 730
2,474
2 124
2,817
6 897
2,484
2 129
2,780
6,758
2,433
2 170
36,154 r 36264 36 261
9,124 r 9,227 9,' 268
2,334 * 2312 2 323
2,752 '2,739 2,740
6,690 '6 684 6 698
2,406 r 2,378 2,331
2, 186 T 2 171 2 193
2 358
7,510
13, 831
9,920
13, 796
4 233
2 327
7,519
13,745
9,885
13,570
4 015
2 356
7,403 7,372
13,686 13,690
9,902 9,851
13,493 13, 425
3 854 3 831
2 369
2 388
19,570
19,696
19, 932
19,306
19,106
6,495
3 285
6,490
3 151
6,570
3,166
19,709
3 41fi
6,496
3,012
6,376
2 814
6,284
2,862
28,547
28,329
3 068
10, 758
9 119
28,214
3 024
10,555
9 158
28,532
3 112
lft',602
10,619
qOq
28, 177
2 960
10, 605
9 243
16,962
2, 780
6,594
16,800
16, 583
16,600
16,725
16, 847
6,579
6,576
OK KCQ
OK 711
OK KAO
8 966
2* 180
8 791
9 149
35 540
8 818
2 129
qe 7f» o
8 894
9 iyu
ion
z,
8 909
2 185
36 246
9,' 201
2 221
2 725
2 738
fi 745
6
2
6
2
2
2,744
6 786
2 397
2 153
2,711
6 729
2 471
2 095
2,740
6 691
2 459
2 064
7 283
13 837
9,930
14, 035
4 1QO
7,410
13, 854
9,973
13, 668
q«K.
9 17Q
18,996
3,373
6,431
3 037
19,359
3,358
6,504
3 164
28,811
10, 754
28,594
3ififi
10, 703
3 19fi
10, 678
17,275
2,912
6,767
17,080
2,809
6,677
3 QQfi
3,511
1,768
7 140
13 879
10, 005
13, 942
4 fi7fi
2
1
41K.
oc in7
9
1 417
4 98Q
1
A(\t\
q 4AO
1 1R.7
9 4Q1
9 900
6,579 6,610
1 400 1 ooQ
3 471
28,541
3 123
9 187
Food and kindred products
do
8 765
9 192
2 321
8 858
Paper and allied products
do
2 769
2
6
2
2
780
758
433
170
2 718
2 348
2 351
9 149
9 iqi
13 458
5 174
17 675
12 897
5*092
17 431
12 927
5 090
17 370
12 918
5*155
17 495
13 058 12, 989
5 143 5 144
17 510 17, 369
13,027
5 108
17,405
13048 13, 271
5 167
5,188
17,488 17, 787
13,382
5,215
17,797
13, 458
5,174
17, 675
13, 470 «• 13,532 13,504
5,266 ' 5,262 5,407
17, 418 ' 17,470 17,350
13 634
in K.1B
13 593
in 5fii
13 723
9K CAS
K 099
in fi98 in fifin 10 726
13 774 13 599 13 659
9K 071 9K 470
25 372
K 498
5 396 5 198
s n85 8 200
8 n95
07 Qin Ifi Q75 36 908
10 839 10 911
13 842 13 953
25 398 25 296
5 028 5 022
8 169 8 201
36 990 37 357
11 028
13,932
25 372
5 044
8*098
37 319
10 892
14, 094
25 434
5 059
8 013
37 057
10,870
14, 082
25, 525
5,089
8 069
37, 241
r 10 939
' 14,158
r 25 576
r 5*147
r 8 036
r 37 177
10 927
14* 146
25 554
5*183
8*005
37* 304
4 917
11 191
5,282
17 501
4 938 4 959
11 295 11 277
5/412
5,514
17 461 17 405
4 958
11 302
5,585
17 450
4,914
11 430
5,743
17 336
4,950 r 4,888
11 555 r r11 473
6,816
5,896
17 245 r 17 370
4,904
11 503
6^039
17 343
56 453
29,916
60 019
32,432
59 470
32,327
57 739
31, 586
58 681 r 63 414 64 888
32, 553 35, 398 r 36*, 454 236,447
26 128 r 98 ni fi 28 461
9 1Q1
do
2 418
do
do
do
13 026
5* 055
17 243
Consumer staples
do
iq
Automotive eouipment
do
Petroleum and coal products '
By stage of fabrication:
Materials and supplies
Work in process
Finished goods
By market category:
Other materials and suDDlies
Supplementary series :
Household durables
Defense products (old series}
Defense products (new series)
9 91 K
Ifi 8Q9
~'
AKf)
14 094
9K AQA
do
do
do
A. Q14
4 914
12, 034
6 493
17, 569
1 1 ' 4QH
646,388
345, 332
301, 056
5 743
4 894.
6 008
17,381
7QQ
2 375
07 90-1
07 9ftft
4 829
4 850
6 108
17,438
6 067
5fi 498
376,235
316, 451
Durable goods industries, total
Nondurable goods industries, total
do
__do._.
New orders, net (seas, adj.), total
By industry group:
Durable goods industries, total 9
Primary metals
Blast furnaces, steel mills
do___
1
do___
do___
do_ .
345,332
55, 031
25, 696
376, 235
57,576
26, 859
31, 472
5,155
2,494
do._.
do_._
do._.
do _
do___
42,555
54, 847
50, 629
76, 554
23,284
41, 928
54,043
89, 318
22, 596
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Aircraft, missiles, and parts
9 914
5 914
7 Oil
K AKQ
7,817
37, 373
do
8 756
32, 761
26, 536
31, 032
26, 401
30, 280
26, 148
4 895
1 1 971
5 507
4 935
n
OAQ
5 488
1 7 Kn7
1 7 K4fi
fin nm
32, 805
27, 196
CO 00 K
28, 834
9fi 517
97 587
60 177
32, 544
97
fill
97 141
9ft 1 51
K7 A9c
K7 AAA
KG 9K5
KQ 085
57 322
57 490
59 576
59 408
62 996 r 62 514
30,228
4,882
2,290
30,601
4,800
2,079
30,666
4,536
1,945
31,955
4,434
2,030
31,758
4,184
1,701
31,026
31,126
4,488
1,953
32,564
4,809
2,246
32, 138
4,848
2,246
235,415
35,099 34,505 '35,095
5,221 5,248 r 5, 515
2,370 ' 2,454 2,541
3,576
3,419
3,532
3,462
3,489
3,577
3,520
4,291
7,627
1,827
4,310
7,032
1,853
4,409
6,958
1,623
4,827
8,082
2,404
4,584
7,923
1,985
4,628
3,353
5 292
4*. 737
6,970
1,639
3,644
5 154
4,725
7,575
2,142
3,585
5 154
4,757
7,233
2,039
3,613 ' 3,611 3,901
5 732 r 5 512 5 583
4,743 ' 4,898 5*, 060
9,032 T 8,404 ' 7, 881 28,238
2,146
1,744
646,388
301, 056 316, 451 26, 227 26, 369 26, 427
Nondurable goods industries, total
do
84,538
7,047 6,913 6,973
79, 840
Industries with unfilled orderse
do...
Industries without unfilled orders! do__. 221, 216 231, 913 19, 180 19, 456 19, 454
r
Revised.
* Based on data not seasonally adjusted.
2 Advance estimate; total mfrs.
new orders for Apr. 1972 do not reflect revisions for selected components.
9 Includes data
for items not shown separately.
eincludes textile mill products, leather and products,
paper and allied products, and printing and publishing industries; unfilled orders for other
731
808
402
131
5 1 99
4,333
7,065
1,968
4 891
K
ft79
4,517
2,020
5 105
7,130
1,348
63 228
26, 343 26, 300 26,327 26,296 26,364 27,012 27, 270 27,897 '28,009 28,167
7,630 ' 7,702 7,725
7,267
7,192
7,179
7,082 7,022 7,201 7,006
19, 261 19,278 19,126 19,290 19,172 19,833 20, 003 20, 267 20,307 20,442
nondurable goods industries are zero.
, ^
.
,
IfFor these industries (food and kindred products, tobacco manufactures, apparel ana
other textile products, petroleum and coal products, chemicals and allied products, ana
rubber and plastics products) sales are considered equal to new orders.
SURVEY OF CURRENT BUSINESS
May 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
Annual
S-7
1972
1971
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS -Continued
New orders, net (seas, adj.)— Continued
By market category:
2
61,236 2 65 422
Home goods and apparel
mil $
2
128,981 2 136 123
Consumer staples
do
2
2 101 169
95,944
Equip and defense prod excl auto
do
Automotive equipment
_ _ do __ 22 52,909 2 65, 388
Construction materials and supplies
do
53,871
260,691
2
Other materials and supplies . _
do
253,447 2263,893
Supplementary series:
2
25,740 2 28, 913
Household durables
.
do
2
42,865 2 42, 476
Defense products (old series)
do
2
23,
455 223,532
Defense products (new series)
do
Producers' capital goods industries
do .. 2 69,530 2 76, 685
Unfilled orders, end of year or month (unadjusted),
total
_
mil. $
Durable goods industries, total
_ _ do
Nondur. goods ind. with unfilled orders© do
5 531
11,303
8 163
5,762
5,020
21,920
5 516
11,440
8 013
5,228
4 952
21,448
5 682
11,273
8 037
5,234
5 066
21,736
5,365
11,266
8 298
5,184
5,077
21,819
5,360
11,223
8 871
5,781
5,306
21,714
5,361
11,282
8 509
5,863
5,209
21,861
5 275
11, 321
7 974
5,774
5,006
21, 972
5 369
11,315
8 493
5,355
5 004
21,954
5 817
11,797
8 689
5,488
5 337
22,448
5,689
11,937
8 685
5,104
5,283
22,710
5,571 r 5, 489
11,989 r r12, 146
10223
9, 019
5,689 r 6, 415
5,669 r 5, 596
23,855 '23,849
2 421
3,275
1,580
6,219
2 433
3,496
1,500
5,677
2 483
3,233
1,573
6,193
2 338
3,628
1,678
6,237
2,401
4,246
2,900
6,146
2,457
3,634
2,154
6,551
2 379
3,018
1,467
6,425
2 398
3,249
1,953
6,806
2 672
3,947
2,110
6, 565
2 589
3,687
2,010
6,835
2,615
3,790
3,124
8,110
5,802
12, 195
8,761
6,158
6,005
24, 307
2,601
2,883
3,452 ' 3, 482
1,780 ' 1, 752
7,242 ' 7, 238
T
i 2, 900
i 3, 497
i 1, 882
i 7, 252
80, 268
77,263
3,005
78, 027
74,900
3,127
82,659
79, 583
3,076
81,713
78, 612
3 101
79, 432
76, 356
3 076
77,294
74, 211
3 083
77,646
74,559
3,087
77,773
74,763
3,010
77,513
74, 568
2,945
77,546
74,499
3 047
77,656
74,542
3 114
78,027
74,900
3 127
79,586
76.379
3 207
80, 527
78, 222
82,156
81 073
79,749
77,775
77,615
77,898
77, 325
77375
77888
78222
79 868 r80, 519
77, 485
6,687
3,727
75, 057
5,708
3,011
79, 056
8,121
4,979
77, 976
7 618
4 602
76, 727
6 917
4 040
74, 748
6 049
3 235
74,584
5,173
2,325
74,879
5,366
2,569
74,362
5 612
2,883
74,323
5 680
2*936
74,776
5 664
2 970
75 057
5 708
3 Oil
76,583
5 927
3 148
do
do
do
do
do
11,218
14, 505
14, 469
25, 490
19, 504
10, 461
14, 696
14,629
24, 305
17, 613
11, 094
14, 518
14, 199
25, 982
18 705
11, 054
14 323
14 161
25, 674
18 562
10, 995
14 277
14 069
25, 244
18 044
10,909
14 385
13 925
24, 297
17 369
10,960
14 269
14,320
24,610
17 840
10,859
14,360
14,393
24,618
17,895
10, 698
14, 279
14, 500
24, 128
17 461
10,505
14504
14 669
23838
17 237
10,465
14 676
14 784
23 945
17 422
10,461
14 696
14629
24305
17 613
10,488 rr 10, 534 10, 793
14 853 15, 052 15, 190
14*329 T 14, 291 14, 349
25 742 r 25, 928 ' 25,724 i 25,756
17 944 !7 717 17, 622
Nondur. goods ind. with unfilled orders© do
3,042
3,165
3,100
3,097
3 022
3 027
3,031
3,019
2,963
3 052
3 112
3 165
3 285
1,992
43, 409
10, 737
24, 389
2,236
43, 201
10,098
22, 687
2,033
44,080
10,639
25,404
2 042
43,821
10,572
24 638
2 140
43,401
10,522
23 686
2 048
42,525
10,430
22 772
2 120
43,091
10,580
21 824
2,163
43,091
10,456
22,188
2,129
42, 594
10, 274
22 328
2 184
42633
10132
22 426
2 318
42* 947
10 114
22 509
2 236
43201
10098
22 687
1,639
26, 078
19, 506
22, 574
1,806
24, 325
19, 634
23, 156
1,655
25,182
19, 920
23,492
1 653
25,084
19, 595
23,196
1 740
24,497
19,122
23,186
1 672
23,787
18,211
23,028
1,747
24,486
19, 101
22,867
1,786
24,535
19,177
22,986
1,769
24, 122
18, 880
22,759
1 800
23862
19,065
22,972
1 907 1 806
24 223 24 325
19, 336 19, 634
23,058 23, 156
1
1,999
1,819 r 1,943
1 842
24547 24, 397 r 24,298 * 24,172
20, 972 20, 937 ' 20,923 i 20,934
24,075 24,378 r 24,503 i 24,733
New incorporations (50 States and Dist. Col.):
Unadjusted©- .
number
Seasonally adjusted©
do
264,209
287, 547
25, 752
23, 220
24, 389
22, 770
23 899
24, 168
26266
24,691
24, 898
25, 073
23, 698
25, 142
22, 748
23, 278
23 977
25 050
22 799
25 828
26 051
25 529
25 715 "24, 300
24' 685 P24, 702
INDUSTRIAL AND COMMERCIAL
FAILURESc?
Failures, total
.
number
Commercial service .
do
Construction
_
do
Manufacturing and mining
do
Retail trade
do
Wholesale trade
do
10, 748
1,392
1,687
2,035
4,650
10, 326
1,464
1,545
1,932
4,428
1,042
989
126
159
167
440
97
912
139
134
171
385
83
935
137
118
199
410
71
786
106
109
156
340
75
848
108
131
169
345
95
741
117
114
140
304
66
759
110
119
142
313
75
819
131
125
129
353
81
730
93
101
126
353
57
Unfilled orders, end of year or month (seasonally
adjusted), total
mil $
By industry group:
Durable goods industries, total 9 - - do
Primary metals
do
Blast furnaces, steel mills
do
Fabricated metal products
Machinery, except electrical
Electrical machinery _ _
Transportation equipment ._
Aircraft, missiles, and parts
.
By market category:
Home goods, apparel, consumer staples do
Equip, and defense prod., incl. auto
do
Construction materials and supplies _ do
Other materials and supplies
do
Supplementary series:
Household durables
_
do
Defense products (old series) . _ _ _
do
Defense products (new series)
do
Producers' capital goods industries--... -do
80, 825 81, 479
77, 399 ' 77,859 i 78,192
3,514
3, 426
r
81,213
77, 078 'r 77,573 i 77,573
6, 243 1 6, 297
6,022
r
3,351
3, 258
r
3, 441
3,535
2 282 r 2, 269
44375 '44,817
10 144 rr 10, 130
23 067 23 303
2, 429
44, 584
10, 454
23, 746
BUSINESS INCORPORATIONS^1
Liabilities (current), total.
Commercial service __ _ _
Construction
Manufacturing and mining
Retail trade
Wholesale trade
957
984
thous $
do
do
do
do
do
1,887,754
298, 736
231, 533
817, 841
360, 603
179, 041
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns
243.8
156
154
196
444
92
1,916,929 224, 646 153, 796 249 489 165, 840 147 028 155, 555 115, 847
356, 923 95, 547 19, 252 46,032 16, 122 39 055 27, 515 24,983
222, 357 18, 128 23, 788 23, 881 24,406
8 593 13. 205 20, 267
712, 611 47, 949 53, 873 62, 175 85, 082 62, 851 65, 460 38, 580
444, 086 38, 132 41, 368 104, 367 29, 952 22 523 34 071 20, 178
180, 952 24, 890 15, 515 13,034 10, 278 14 006 15,304 11, 839
2
41. 7
43.9
42.9
42.8
44.3
39.6
1
44
15
13
54
40
20
750
95
130
139
305
81
880
130
118
121
425
86
986
116
146
194
445
85
702 128 998 "11 322 101 619 191, 331 220, 662
912 16 533 18 170 15 776 36, 057 26, 578
288 11,601 12, 473 18 261 24, 946| 26, 815
706 63,619 44, 742 36,515 77,847' 113,437
771 23 026 27 953 19 374 28,604 42, 284
025 14,219
7,984 11 693 23,877 11, 548
43.6
40.1
38 1
41 6
37 5
35 7
40.8
41.2
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS
Prices received, all farm products
Crops9
Commercial vegetables
Cotton
_
Feed grains and hay
.
Food grains
Fruit
Tobacco
Livestock and products 9
Dairy products
Meat animals
Poultry and eggs
1910-14=100..
do
do...
do
do
"do
do
do
do
" ~~do
do
do....
Prices paid:
All commodities and services
do
Family living items
do """
Production items. _. .
do " "
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14=100Parity ratio §
do
226
294
183
177
162
237
604
326
345
405
151
285
244
329
208
185
167
271
626
321
354
401
132
282
242
353
178
201
170
253
614
317
352
393
134
282
244
351
188
199
171
257
614
315
345
393
134
286
251
351
192
199
174
284
614
316
339
401
129
288
258
347
196
205
176
329
614
314
334
401
128
286
250
331
202
195
165
288
614
317
339
403
130
287
244
297
228
174
158
295
623
323
347
409
134
282
235
269
228
167
155
271
638
323
359
403
132
287
240
302
233
157
161
298
640
328
370
412
124
290
245
381
242
157
161
264
654
329
369
413
127
295
247
353
246
168
165
258
665
336
371
421
138
304
251
359
255
173
165
260
670
349
369
453
130
310
250
338
255
173
166
260
663
362
365
481
130
304
242
284
235
173
166
261
663
357
362
468
138
304
254
331
264
174
168
264
663
347
354
459
122
336
366
314
352
382
331
348
377
327
349
377
329
351
381
330
354
383
333
353
383
332
355
386
333
355
387
333
355
387
333
357
387
335
357
389
335
360
391
338
363
395
340
"364
395
341
365
396
342
390
410
405
407
410
412
410
412
412
414
415
416
420
423
423
427
280
72
70
70
70
69
i
* * Preliininary.
1 Advance estimate; 2 total mfrs. unfilled orders for Apr.
1972 do not reflect revisions for selected components.
Based on unadjusted data.
©See corresponding note on p. S-6.
9 Includes data for items not shown separately.
71
72
70
70
73
70
68
69
72
71
70
^Compiled by Dun & Bradstreet, Inc. (failures data for 48 States and Dist. of Col.).
©Revisions for Jan.-Dec. 1970 will be shown later.
§ Ratio of prices received to prices paid (parity index).
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS
1971
1970
Annual
May 1972
1971
Mar.
Apr.
May
June
July
1972
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
COMMODITY PRICES—Continued
CONSUMER PRICES
(U.S. Department of Labor Indexes)
Unadjusted Indexes:
All items
Special group indexes:
All items less shelter
All items less food ..
All items less medical care
Commodities
_
Nondurables _ _
Nondurables less food—
Durables 9
C ommodities less food .
Services
Services less rent
1967=100__
116.3
121.3
119.8
120.2
120.8
121.5
121.8
122.1
122.2
122.4
122.6
123.1
123.2
123.8
124.0
124.3
_
do
do
do
114. 4
116.7
116.1
119.3
122.1
120.9
118.0
120.6
119.4
118.6
120.9
119.8
119.2
121.6
120.4
119.8
122.2
121.1
120.0
122.4
121.4
120.2
122.7
121.6
120.2
123.1
121.7
120.3
123.5
122.1
120.4
123.7
122.3
120.9
123.9
122.7
120.9
124.0
122.8
121.5
124.2
123.4
121.8
124.5
123.6
122.1
124.9
123.9
-
do
do
do
do_ _
do
do
do
113.5
114.0
113.1
111.8
112.5
121.6
123.7
117.4
117.7
117.0
116.5
116.8
128.4
130.9
116.1
116.4
115.7
115.2
115.5
126.6
128.9
116.6
116.9
116.0
115.7
115.8
126.8
129.1
117.2
117.4
116.6
116.6
116.6
127.5
129. 8
117.9
118.1
116.9
117.4
117.1
128.2
130.6
118. 1
118.3
116.7
117.5
117.0
128.8
131.2
118.2
118.6
117.2
116.9
117.1
129.4
131.9
118.1
118.7
118.2
116.4
117.4
129.8
132.3
118.4
118.8
118.7
117.1
118.0
130.0
132.5
118.5
118.9
118.7
117.4
118.1
130.4
132.9
118.9
119. 5
118.8
117.2
118.1
130.8
133.3
118.7
119.2
118.1
117.3
117.7
131.5
134.1
119.4
120.3
118.4
117.1
117.8
131.8
134.4
119.7
120.6
118.9
117.3
118.2
132.0
134.7
119.9
120.7
119.1
117.7
118.5
132.4
135.0
114.9
116.5
111.8
113.4
118.9
123.6
110.1
128.5
107.6
110.1
107.3
113.4
116.1
112.7
111.1
107.6
104.3
128.5
116.2
120.6
113.2
113.4
118.4
116.9
115.3
119.1
124.3
128.8
115.2
133.7
115.1
117.5
114.7
118.1
119.8
118.6
116.6
112.0
110.2
137.7
122.2
128.4
116.8
119.3
117.0
115.6
114.2
116.0
122.4
126.7
113.9
131.2
113.8
117.4
113.3
116.4
118.6
117.8
115.9
114.3
106.8
136.0
120.6
126.8
115.8
117.7
117.8
115.7
114.6
120.0
122.5
126.5
114.4
130.9
114.1
117.3
113.9
117.0
119.1
118.1
116.2
113.8
109.8
136.4
121.2
127.5
116.3
118.4
118.2
115.8
115.1
121.4
123.2
127.2
114.7
131.6
114.4
117.2
114.4
118.1
120.2
118.8
117.0
113.9
112.8
136.4
121.6
128.1
116.5
118.9
119.2
117.4
115.7
125.1
124.0
128.3
115.2
133. 0
114.6
117.4
114.6
118.7
120.1
119.6
117.6
113.9
114.1
139.0
122.1
128.6
116.8
119.3
119.8
118.0
116.0
126.0
124.5
128.8
115.4
133.5
115.5
117.5
114.7
118.9
119.3
119.5
117.4
113.8
113.5
139.0
122.6
129.3
117.1
119.6
120.0
118.7
116.0
123.6
125.1
129.5
115.8
134.4
116.3
117.8
115.7
119.1
119.0
119.3
117.3
109.3
112.5
139.1
123.1
130.0
117.5
119.7
119.1
119.1
116.1
116.6
125.5
130.1
116. 1
135.1
116.3
117.8
115.7
119.4
120.6
118.6
116.4
105.6
111.6
139.3
123.6
130.4
117.6
120.5
118.9
118.4
116.0
115.6
125.9
130.6
116.4
135.7
116.3
117.8
115.7
119.5
121.6
119.3
117.2
109.1
111.7
139.3
123.5
129.6
117.9
120.5
119.0
118.1
115.9
117.8
126.4
131.3
116.6
136.7
116.8
118.1
116.2
119.5
121.9
118.8
116.6
109.6
110.2
139.3
123.7
129.7
117.9
120.8
120.3
118.9
116.1
124.4
126.8
131.6
116.9
137.0
117.9
118.1
118.2
119.6
121.8
118.6
116.3
110.4
107.2
139.7
123.9
130.1
117.9
121.1
120.3
120.7
116.4
120.9
127.3
132.3
117.1
137.8
118.7
118.7
119.0
119.5
120.2
119.0
116.4
112.2
105.3
143.4
124.3
130.5
118.1
121.4
122.2
126.3
116.9
123.9
127.6
132.5
117.5
138.0
119.3
118.7
119.4
119.6
120.7
118.3
115.7
111.9
103.0
143.5
124.7
131.0
118.4
121.5
122.4
126.8
117.3
121.4
127.9
132.7
117.7
138.2
119.6
118.7
119.7
120.1
121.3
118.4
115.9
111.7
103.9
142.3
125.0
131.4
118.7
121.7
122 .4
125.9
117.4
122.1
128.2
133.0
118.1
138.5
119.9
118.6
120.2
120.5
121.8
118.6
116. 1
111.7
106.4
142.7
125.5
131.7
119.1
122.3
U13.4
i 112. 6
i 113. 8
108.0
109.3
107.1
109.3
111.6
107.8
109.7
109.0
110.2
108.8
109.1
108.6
108.1
111.1
106.1
108.3
113.8
104.7
108.3
111.3
106.1
107.4
107.3
107. 5
106.7
105.5
107. 4
105.8
104.3
106.9
106.7
106.4
106.8
110.3
109.7
110.7
112.4
111.3
113.0
114.4
110.4
117.2
115. 6
110.1
119.5
do_.
110.4
113.9
113.0
113.3
113.8
114.3
114.6
114.9
114.5
114.4
114.5
115.4
116.3
117.3
117.4
117.5
do
_do
do
do
do .
112.2
109.8
110.4
109.9
111.9
115.0
114.0
113.5
112.7
116.6
114.3
112.6
112.9
112.1
116.0
115.2
113.1
112.9
112.0
116. 1
115.8
113.6
113.5
112.7
116.3
116.9
114.0
113.8
113.1
116.5
116.6
114.8
113.8
113.0
116.8
115.2
115.6
114.1
113.3
117. 1
113.9
115.4
113.6
112.7
116.9
114.3
115.0
113.8
112.9
117.1
114. 3
115.0
114.0
113.1
117.0
117.0
115.4
115.0
114.2
117.8
120.2
115.9
115.5
114.7
118.4
123.1
116.7
116.3
115.6
118. 8
123.1
117.2
116.1
115.3
119.0
123.0
117.7
115.8
114.8
119.3
-
Foodp
_ _
.
-do
Meats, poultry, and
fish
-do
Dairy products
do
Fruits and vegetables
_
do
Housing
_
do
Shelter 9
do
Rent
do
Homeownership
- - do
Fuel and utilities 9
do
Fuel oil and coal
_ _ _ do
Gas and electricity
__do
Household furnishings and operation... do
Apparel and upkeep
do
Transportation
- do_
Private
_
do
New cars _
do
Used cars
do
Public
- - do
Health and recreation 9
do
Medical care
do
Personal care
- do
Reading and recreation
_do
WHOLESALE PRICESo1
(U.S. Department of Labor Indexes)
Spot market prices, basic commodities:
22 Commodities
1967=100
9 Foodstuffs
do
13 Raw industrials
do __
All commodities
.By stage of processing:
Crude materials for further processing. _
Intermediate materials, supplies, etc
Finished goods O
Consumer finished goods
Producerfinishedgoods
By durability of product:
Durable goods
Nondurable goods
Total manufactures. _
Durable manufactures __
Nondurable manufactures
do
do
do
do
do
112.4
108.9
110.2
112. 0
108.2
117.0
111.7
113.8
117.0
110.5
115.5
111.1
112.7
115.5
109.9
116.1
111.2
113.0
116.1
109.9
116.5
111.8
113.5
116.5
110.5
116.7
112.5
113.8
116.7
110.8
117.5
112.4
114.5
117.5
111.4
118.4
112.4
114.9
118.5
111.2
118.2
111.7
114.7
118.3
111.0
118.2
111.6
114.5
118.3
110.6
118.1
111.8
114.5
118.3
110.7
118.6
113.0
115.1
118.8
111.3
119.2
114.1
115.7
119.3
112.0
120.0
115.3
116.5
120.1
112.8
120.4
115.2
116.7
120.4
112.9
120.7
115.1
116.9
120.8
112.9
Farm prod., processed foods and feeds
do
111.6
113.8
113.4
113.3
114.3
115.4
115.0
114.6
113.0
113.0
113.6
115.9
117.4
119.6
119.1
118.3
117.8
124.9
94.1
94.3
132.2
120.7
127.5
93.0
105.4
139.6
119.7
112.8
93. 8
107.6
136.7
119. 1
117.6
96.0
94.1
133.8
117.2
116.4
112.2
117.3
116.0
125.4
118.8
116.8
112.4
117.5
116.1
130.5
118.6
116.7
112.6
118.0
116.7
127.3
117.7
117.2
112.8
117.5
118.3
123.6
Farm products 9
do
Fruits and vegetables, fresh and dried._do
Grains.do
Live poultry
do
Livestock . __
do
111.0
111.6
98.8
99.6
116.7
112.9
120.1
100.9
100.3
118.3
113.0
125.3
108.4
100.1
114.9
113.0
120.8
106.8
99.5
. 116. 9
114.0
127.5
107.2
101.3
119.0
116.0
136.1
109.4
108.1
118.9
113.4
109.3
102.5
121.1
121.3
113.2
115.9
92.8
100.8
121.3
110.5
103.6
89.0
102.8
119.1
111.3
115.8
88.3
93.5
120.9
112.2
127.1
87.8
92.3
121.0
115.8
126.3
95.3
87.2
124.7
Foods and feeds, processed 9 _
_
Beverages and beverage materials
Cereal and bakery products
Dairy products
Fruits and vegetables, processed
Meats, poultry, and fish _
do
do
do __
do
do
do
112.0
112.9
107.6
111.2
110.4
115.8
114.3
115.8
111.4
115.4
114.3
116.0
113.7
115.3
111.5
115.0
111.9
112.9
113.5
115.6
111.5
115.5
113.0
113.3
114.5
115.7
111.5
116.2
114.0
116.4
114.9
115.7
111.5
116.1
115.4
116.7
116.0
115.9
111.5
116.2
115.9
119.6
115.4
116.1
111.4
115.4
116.2
117.7
114.6
116.0
111.3
115.4
115.7
117.5
114. 1
116.4
111.3
116.4
115.3
116.9
114.4
116.6
111.5
116.3
115.4
117.1
115.9
116.4
111.6
117.4
115.8
120.4
do
110.0
114.0
112.8
113.3
113.7
113.9
114.5
115.1
115.0
115.0
114.9
115. 3
115.9
116.5
116.9
117.3
104.4
94.1
102.2
102.3
132.0
115.9
104.4
93.4
102.4
102.6
130.8
115.9
104.3
91.0
102.4
102.7
134.2
115.9
104.3
91.0
102.4
102.6
132.9
115.9
104.2
90. 4
102.4
102.6
129.0
115.9
103.8
90.3
101.7
102.4
125.3
115.9
103.4
90.3
101.1
102.5
115.9
115.9
103.4
90.3
101.4
102.3
111.3
116.2
103.5
90.2
101.4
102.2
110.7
117.3
103.4
90.6
101.0
102.5
103.5
117.9
104.1
92.2
101.5
102.4
112.2
118.3
114.4
182.5
113.0
107.5
107.4
114.4
182.9
113.5
107.7
107.2
114.8
182.9
115.3
107.2
107.3
115.3
182.9
116.4
108.4
107.3
114.8
182.9
116.3
108.8
106. 3
114.7
182.9
116.2
108.8
106.2
115.0
190.2
116.3
107.9
106.1
116.0
192.7
118.9
110.0
106.1
116.1
192.6
120.0
110.2
105.5
116.5
192.6
120.0
110.9
106.3
116.9
191.2
120.5
112. 5
106.6
110.2
106.9
116.0
93.3
110.8
107.5
116.7
92.9
110.9
107.4
116.8
93.0
111.0
107.5
116.9
92.8
Industrial commodities
Chemicals and allied products 9
Agric. chemicals and chem. prod
Chemicals, industrial
Drugs and Pharmaceuticals
Fats and oils, inedible
- _ _
Prepared paint
do
do
do
do
do. _
do
102.2
88.4
100.9
101.1
133.3
112.4
104.2
92.2
102. 0
102.4
133.5
115.6
104.5
93.9
102.2
102.6
144.3
115.1
104.5
94.1
101.9
102.0
143.0
115.9
104.3
93.8
101.5
101.9
138.8
115.9
Fuels and related prod., and power 9 _ _
Coal
Electric power
Gas fuels
Petroleum products, refined
do
do
do
do
do
105.9
150.0
104.8
103.3
101.1
114.2
181.8
113.6
108.0
106.8
112.8
176.0
111.1
109.4
105.9
113.0
184.0
112.3
105.9
105.3
114.2
182.8
112.6
106.9
107.4
109.9
109.6 109.7 109.9
107.5
Furniture and household durables 9
do__ .
107.2 107.0 107.1 107.1
Appliances, household
do_ . 105.3
114.0 114.1 115.0
114.8
111.6
Furniture, household
do._93.7
93.7
93.7
93.8
93.6
Home electronic equipment
do— .
r
Revised.
* Preliminary.
1 Computed by BEA.
9 Includes data f()r items not
shown separately.
cfFor actual wholesale prices af individiaal comm odities, s ee respec Live
110.0 110.2 110.2 110.2 110.2 110.2
109.8
107.4
107.1 107.0 107.4 107.6 107.5 107.6
115.2 115.3 115.5 115.6 115.6 115.4 115.5
93.4
93.8
93.4
93.8
93.9
94.0
93.6
conurLodities. OGood 3 to users , incl. ra^w foods a nd fuels.
SURVEY OF CURRENT BUSINESS
May 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
Annual
S-9
1971
Mar.
Apr.
May
June
July
1972
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
COMMODITY PRICES—Continued
WHOLESALE PRICEScf— Continued
(U.S. Department of Labor Indexes— Continued)
All commodities— Continued
Industrial commodities— Continued
Hides, skins, and leather products 9
1967=100Footwear .
do
Hides and skins
do
Leather
do
Lumber and wood products _
do
Lumber
_ _ _
do
104.4
107 7
113 7
113.7
110.1
113.0
114.0
116.8
115.1
112.5
127. 0
135.5
112.5
116.5
105.5
108.6
123.4
129.0
114.0
116.6
121.1
111.0
124.6
131.5
114.4
116.7
121.4
113.0
124.9
132.8
114.2
116.8
114.0
114.4
126.1
134.4
114.2
116.8
114. 0
114. 4
130.6
142.5
114.4
117.1
114.6
114.4
134.6
146.7
114.7
117.1
117.7
113 4
134.3
146.8
114.7
117.1
117.2
113.4
131.8
142.7
115.1
117.1
123.1
113.5
131.3
141.9
116.2
117.1
128.6
117.0
132.7
143.8
117.8
118 1
136.0
120 0
134 9
146.9
119.1
118 5
148 9
120 6
137 7
150 4
123. 0
120 1
173 8
128 4
139 5
152 4
127.2
122 4
188 6
138 1
141 1
155 1
Machinery and equipment 9 do
Agricultural machine ry and equip
- -do
Construction machinery and equip
do
Electrical machinery and equip do
Metalworking machinery and equip
do
111 4
113.0
115.5
106 4
114.0
115.5
117. 2
121.4
109.5
117.3
114.9
116.5
120. 8
109.7
116.0
115.0
116.7
120.9
109.5
116.6
115.3
116.6
121. 1
109.4
117.4
115.5
116.9
121.2
109.4
117.9
115.7
117.4
121.6
109.5
117.7
116.1
117.5
121.9
109.9
118.1
116.0
117.5
121.8
109 7
118.0
116.0
117.5
121.8
109 6
118.1
115.9
117.5
122.0
109.3
118.2
116.2
118.6
123.2
109.3
118.4
116 5
119.9
124.3
109 5
118.5
117 1
121 5
124.7
110 0
118.9
117 3
122 0
125.0
110 1
119.4
117 6
122 1
125.7
110 2
119.7
Metals and metal products 9Heating equipment
Iron and steel
Nonferrous metals
116.7
110.6
115.1
125 0
119.0
115.5
121. 8
116 0
116.5
114.5
118.2
113.7
117.8
114.7
118.4
117.2
118.5
115.1
120. 1
117.2
118.5
115.2
120.3
116 4
119.4
115.9
121.9
116 9
121.1
116.8
125. 3
117. 1
121.1
116 7
125.6
116 5
121.0
116.3
125.5
116 3
120.9
116.5
125. 3
116 0
120.8
116.3
125.3
114.9
121.4
115 9
126 8
114 4
122.6
116 2
128 2
115 0
123.4
117 0
128 3
117 2
123. 5
117 9
128 3
117 6
do
-do
__do
do
Nonmetallic mineral products 9
do
Clay prod., structural, excl. refractories
do-Concrete products .
do
Gypsum products
__
do__ _
Pulp, paper, and allied products
do _ _
Paper
do
Rubber and plastics products
do
Tires and tubes
—do
113.3
122.4
120.9
121.6
121. 8
122.2
123.3
124.2
124 2
124.1
124.0
124.2
124 3
124 6
124 8
125 6
109.8
112.2
100.0
108.2
111.0
108.6
109.0
114.2
120.6
106.8
110.1
114.1
109.2
109.2
113.6
118.5
98.9
109. 3
113.1
109.1
107.5
114.5
119.4
101.0
109.6
114.3
109.0
107. 5
114.5
119.6
101.2
109.9
114.2
108.7
107.5
114.5
120.1
104.0
110.2
114.3
108.7
107.5
114.5
121.5
112.7
110.5
114.6
109.7
111.2
114.9
122.8
114.3
110.6
114 7
109.8
111. 4
114.9
122 6
114 5
110.6
114 7
109.7
110.8
114.9
122.6
113.6
110.6
114 7
109.5
110.8
114.9
122.6
112.1
110.6
114.7
109.5
110.8
114.9
122.9
114.1
110.7
114.7
109.4
110.8
114.8
123 4
113 4
110.8
114 9
109.5
110.3
116.1
123 8
112 8
111.6
115 3
109.2
108.4
116.2
124 5
115 3
112 3
115 7
108 9
108 4
117.2
125 1
114 9
112 8
115 9
108.7
108 4
Textile products and apparel 9
Apparel
Cotton products
Manmade fiber textile products
Silk yarns
Wool products
do
do __
do
__do__
do
do
107.2
111.0
105.6
102.1
114.3
99.4
108.6
112.9
110.6
100.8
(l)
93.5
106.9
112.2
107.8
97.6
(i)
94.5
107.5
112.2
108.9
98.6
C1)
94.4
107.8
112.2
109.6
99.7
C1)
93.5
108.5
112.3
110.9
101.4
(i)
93.4
109.2
113.3
111.9
101.9
(i)
92.6
109.7
113.6
112.5
103. 1
(i)
92.7
109.8
109.7
109.6
113. 8
113.8
113.8
112 2 « 112. 2 « 112. 5
103.2
103.1 102.5
(i)
(i)
(i)
92.3
92.4
92 5
110.6
113.8
113.6
104,3
1
91.5
111.3
113.8
116.7
105.4
(i)
92.0
112.0
114.0
118.0
105.9
(i)
92.2
112 1
114 1
119 6
106 1
d\
92 0
112 6
114 2
120 5
107 2
(i)
92 0
Transportation equipment 9 ---Dec. 1968=100Motor vehicles and equip.
1967=100.
Miscellaneous products 9
do
Toys, sporting goods, etc
do
Tobacco products
do _..
104.5
108.5
109.9
109.4
114.0
110.3
114.7
112.8
112.6
116.7
109.5
113.8
112.8
113.1
116.9
109.7
114.1
112.7
112.5
116.5
109.8
114.2
112.5
112.4
116.5
110.0
114.4
112.6
112.6
116.5
110.3
114.7
112. 8
112 6
116.6
110.5
114.9
113.0
112 6
116.8
109.6
113 8
113.0
112 6
116 8
110.7
115 2
113.0
112 6
116 8
110.8
115.3
113. 1
112. 8
116.8
112, 9
117.5
113.2
113.1
116.7
113.4
117.9
113.7
113 5
117.4
113.6
118.1
114.0
114 0
117.4
113.8
118 1
114 2
113.8
118 1
114 1
$0. 906
.860
$0. 878
.824
$0. 885
.835
$0. 883 $0. 879
.828
.832
$0. 875
.823
$0. 873
.821
$0. 870
.819
$0. 873
.818
$0. 874
.817
$0. 860 ' $0. 853
.812
.808
$0. 852
.806
C)
m 4_e
m
1 14 0
117 4
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
1967=$!. 00
do
$0. 873
.816
$0. 867
.812
$0. 851
.806
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE f
N0w construction (unadiusted) total 1f
Private, total 9
Residential (including farm)
New housing units
mil $
do
do
Nonresidential buildings, except farm and public utilities, total 9
mil $
Industrial
do
Commercial
do
Public utilities:
Telephone and telegraph
do
94 265 '108 968
'10 346 rlQ 220 '10 277 '10 025
9 196 '8 408 "8 113 9,076
7 535
8 461
9 281
9 837
66, 147 ' 79, 080
5 367
31 748 ' 42 379 2 618
24 156 ' 34, 177 2 082
6,072
3 122
2 408
6 621
3 575
2 737
7,077 r 7, 237 ' 7, 495 '•7,464 r 7, 485 r 7,374 7,067 ' 6, 345 '6,038
3 868 '4 005 '4 161 '4 162 r 4 149 ' 4 054 3 891 '3,508 ' 3, 331
3,434
3 054 3 243 3 398
3 409
3 341 3 212 ' 2, 963 ' 2, 845
rlQ 020
6,730
3,723
3,127
1, 854
351
1,024
21 417
6,538
9,754
22 479
5,423
11 619
1 667
462
808
1 833
496
894
1 842
477
913
1 951
459
1,004
2 Q22
1,087
2 071
423
1,160
2,011
421
1,087
2 952
2 993
267
278
254
279
230
259
252
51
259
270
do
28 118
29 888
2 168
2 389
2 660
2 760
2 783
2 851
2,756
2 792
2 651
2 129
Buildings (excluding military) 9
Housing and redevelopment
Industrial..
do
do
do
10 657
1,107
500
11 401
l'l37
'573
843
98
42
948
106
51
1 Oil
97
56
966
104
60
955
81
33
1 047
82
54
972
83
48
1 001
95
51
1 056
118
52
908
Military facilities
Highways and streets
do
do
719
9,986
886
10 637
59
710
61
780
71
958
75
1,117
82
1,092
88
1,065
76
1,091
88
1 070
86
934
103 0
105 9
107 6
109 2
r 109 8
73.0
76.3
77.9
79.9
'80.3
'81.9
'81.7
'82.9
'84.8
86.0
88.2
'89.2
91.6
37.7
39 6
41.5
42.3
'42 5
'43.8
'45.0
'46 1
'46 8
47 7
49.7
'51.8
53.0
21.9
6 1
10 7
22.7
6 1
11 3
22.1
58
11 0
23.1
55
11 8
23.6
54
12 7
23 4
49
13 1
21.9
4.6
11.7
21 9
50
11 5
22 7
49
12 2
23.1
49
12 4
23.9
49
13 4
' 23. 4
4.7
13.1
24.4
4.6
13.6
Public total 9
New construction (seasonally adjusted at annual
rates), total H
bil $
Private, total 9
do
Residential (including farm)
Nonresidential buildings, except farm and public utilities, total 9
bil. $
Industrial
do
Commercial
do
Public utilities:
Telephone and telegraph
do
Public, total 9
do
2 034
460
1,093
9
2 012
430
1,098
' 111. 8 ' 110 3 '114 7 ' 115. 2
1 913
433
1,023
1,748 ' 1, 677
362
'328
'934
956
193
218
' 2 063 ' 2, 075
2,346
93
' 888
89
44
908
66
39
46
83
657
' 74
' 585
66
'552
117 0
120 2 ' 121. 2
3.2
3.4
3.1
3.2
2.7
30
2.9
97
29
3.0
3.1
3.1
30.1
29 6
29 7
29.3
29 5
29 8
28.6
31 8
30 4
31 0
'31 9
'32.0
Buildings (excluding military) 9 .
do
10.4
11.1
11.6
Housing and redevelopment
do
.9
1.2
1.2
5
6
6
Industrial
do
B
8
Military facilities
do
.9
Highways and streets
do
11.6
10.1
10.2
c
' Revised.
» Preliminary.
Corrected.
* Series discontinued.
cfSee corresponding note on p. S-8.
9 Includes data for items not shown separately.
IFData have been revised to reflect the incorporation of new basic data, the change in estimating procedures, the modification of the type of construction classifications for private nonresidential buildings, the inclusion of farm housing in new private housing units, and the
465-441 O - 72 - S 2
465
84
123.8
32.2
10.5
11.1
12 3
10.8
12.4 '12.0
12 5
'11.9
12 3
.9
1.2
.9
1.1
1.3
1.2
1.1
1.3
12
5
g
7
5
6
6
.6
.6
.5
5
1i
9
9
9
9
.8
1.2
10
1.0
.9
10.4
9.9
11.3
9.3
11.4
10^7
11.0 I 11.4
11.2
introduction of the results of a survey covering private nonresidential building construction
in the 13 Western States. More detailed information may be obtained from the Bureau of
Census Report C30-70S, available from the Superintendent of Documents (Washington,
D.C. 20402).
SURVEY OF CURRENT BUSINESS
S-10
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1971
Annual
May 1972
1971
Mar.
Apr.
May
June
July
1972
Aug.
Sept.
Oct.
Dec.
Jan.
6,405
6,286
6,234
155
160
165
155
159
1,686
5,598
Nov.
Feb.
Mar.
Apr.
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION CONTRACTS
Construction contracts in 50 States (F. W. Dodge
Division, McGraw-Hill):
Valuation, total
mil. $..
Index (mo. data seas, adj.)
Public ownership
Private ownership
By type of building:
Nonresidential
Residential
Non-building construction
New construction planning
(Engineering News-Record) O
68, 160
80,590
6,323
7,743
7,555
8,077
7,670
7,712
6,814
6,568
1123
U44
142
161
141
147
151
153
154
137
mil. $
do
21,977
41,735
22, 626
47, 879
1,696
4,627
2,074
5,669
2,065
5,489
2,795
5,282
2,683
4,987
2,299
5,413
2,010
4,804
1,837
4,731
1,012
263
1,087
244
2,137
4,097
1,634
3,973
do
do
do
24, 394
24,675
18,992
25,846
37,119
19,925
2,180
2,708
1,436
2,080
3,168
2,495
2,264
3,310
1,981
2,800
3,485
1,792.
2, 621
3,357
1,691
2,120
3,255
2,337
2,246
3,196
1,372
2,065
3,171
1,332
2,128
3,001
1,275
1,959
2,997
1,331
1,728
2,667
1,840
1,799
2,664
1,144
2,187
3,617
1,480
do —
66,937
5,245
4,580
5,502
2,837
4,725
3,828
4,749
6,024
9,919
4,456
6,500
7,133
4,234
169.3
123.6
167.9
91.6
203.6
147.3
201.1
116.0
203.5
144.3
198. 5
115.6
196.8
137.3
193.8
116.9
197.0
146.5
194.3
107.7
205.9
151.3
204.5
111.7
175.6
125.2
173.8
102.1
181.7
132. 5
179.7
102.9
176.4
128.9
173.7
92.9
155. 3
118. 1
152.1
80.4
150.9
111.6
149.1
76.2
152.2
116.5
152.2
' 76. 3
202.9
151.1
203.2
110.9
212.0
154.6
212.0
120.3
1,938
1,080
1,951
1,122
2,046
1, 152
2,008
1,150
2,091
1,162
2,219
1,198
2,029
1,172
2,038
1,155
2,228
1, 242
2,457
1,347
2,487
1,415
2,682
1,325
2,357
1,298
2,115
1,174
1,627
796
1,638
833
1,927
921
1,849
914
2,052
960
2,006
908
1,900
865
2,173
980
1,952
897
2,292
1,049
2,105
1,043
2,078
954
1,928
'928
1,987
967
' 496. 6 '36.0
'433
'43.3
'482
'41.3
'493
'47.8
'521
'45.6
'535
'50.0
'525
'54.0
'545
'50.8
'520
'39.9
'513
34.4
'509
33.3
554
39.7
552
48.8
595
137
1967=100..
_ .
_
5,607
7,284
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total (private and public)
Inside SMSA's
Privately owned
One-family structures
-- --
Seasonally adjusted at annual rates:
Total privately owned
One-family structures
_ _
thous. . 1, 469. 0
1, 034. 4
do
1,433.6
do _
812.9
do
2, 084. 5
1.618.5
2, 052. 2
1, 151. 0
do _
-do
New private housing units authorized by building
permits (13,000 permit-issuing places) :
Monthly data are seas. adj. at annual rates:
Total
thous..
One-family structures
do
Manufacturers' shipments of mobile homes:
Unadjusted
do
Seasonally adjusted at annual rates
do
1,352
647
401.2
1,907
903
CONSTRUCTION COST INDEXES
Dsot of Commerce composite
American Appraisal Co., The:
Average, 30 cities
Atlanta
New York
San Francisco
St. Louis
1967 ~ 100
____1913=100do_.__
do
do
do
122
131
127
129
130
131
133
134
134
134
134
135
135
136
1,132
1,254
1,202
1,088
1,116
1,258
1,411
1,359
1,174
1,219
1,211
1,393
1,305
1,163
1,168
1,218
1,393
1,305
1,168
1,168
1,241
1,394
1,310
1,168
1,236
1,257
1,394
1,312
1,168
1,236
1,286
1,429
1,412
1,184
1,249
1,298
1,441
1,416
1,195
1,253
1,297
1,440
1,415
1,193
1,252
1,296
1,439
1,415
1,189
1,252
1,295
1,439
1,415
1,187
1,252
1,316
1,482
1,417
1,190
1,259
1,325
1,536
1,416
1,195
1,260
1,336
1,540
1,425
1,266
1,264
139
141
142
146
149
150
------
Associated General Contractors
of America, Inc.,
The (building only) r?1
1967~100
Boeckh indexes:
Average, 20 cities:
Apartments, hotels, office buildings
1967 = 100 ..
Commercial and factory buildings
do
Residences
-- do
Engineering News-Record:
Building
1967 = 100Construction
do
124.4
123.1
122.4
135.0
133.9
132.8
131.9
130.3
128.5
133.2
130.9
129.7
132.7
131.7
129.7
133.3
132.0
130.3
136.5
135.2
135.6
137.2
136.1
136.3
138.5
138.1
137.5
138.5
138.1
137.5
138.5
138.1
137.5
138.5
138.1
137.5
141.8
140.6
141.4
124.4
128.9
140.5
146.7
134.4
139.6
136.2
141.2
138.8
144.2
140.6
147.2
141.8
149.3
143.4
150.9
147.4
153.2
147.2
153.5
147.4
153.6
147.9
154.6
149.0
155.6
Federal Highway Adm.—Highway construction:
Composite (avg. for year or qtr.)
1967=100—
125.6
131.7
124.1
162. 1
174.1
181.3
187.7
187.1
183.6
181.8
168.7
198.3
184.9
188.9
197.0
182.2
165.2
179.0
174.0
176.8
157.3
161.8
169.9
162.0
188.9
166.4
162.3
194.3
163.8
182.7
209.0
183.4
198.3
170.3
194.7
195.4
217.5
192.3
176.0
227.0
201.9
191.6
265.2
198.2
176.7
253.7
140.6
193.0
270.0
144.8
190.4
255.3
145.5
187.6
255.7
130.7
180.5
215.1
141.0
177.6
156.8
131.3
177.6
187.5
299.1
360.4
143.7
217.9
36.0
344
17.9
186
34.4
348
19.9
206
31.9
375
19.0
221
34.7
378
23.5
250
30.9
392
21.0
234
31.5
359
20.0
218
29.7
343
21.7
253
27.0
351
18.1
231
22.1
291
16. <•
207
31.7
450
15.7
228
23.3
333
15.^
232
'26.5
326
16.8
224
27.9
260
20.0
207
20.6
221
21.7
248
Home mortgages insured or guaranteed byFed. Hous. Adm.: Face amount
_ mil. $. 8, 113. 73 10,374.60
3,442.90 6,065.83
Vet. Adm.: Face amount§_
_
do
849.48
307. 20
759.52
351.49
793. 73
417. 95
951.62
523. 36
983. 62 1, 117. 4
563.32 578. 34
862. 75
696. 10
821. 04
520. 25
869. 50
789. 56
859. 78
719. 71
935. 45
639. 38
813. 63
616. 73
798. 12
717 71
653.69
516. 86
5,913
124
150.5
156.6
151.2
157.2
2 152. 1
2 157. 6
135.5
133.5
135.5
133 4
143.5
143 1
143.3
CONSTRUCTION MATERIALS
Output index:
Composite, unadjusted 9—
Seasonally adjusted
1947-49=100.
do__.
Iron and steel products, unadjusted
Lumber and wood products, unadj
Portland cement, unadjusted
do...
.do_._
do...
REAL ESTATE
Mortgage applications for new home construction:
FHA net applications
thous units
Seasonally adjusted annual rates
do
Requests for VA appraisals
do. . .
Seasonally adjusted annual rates
do
Federal Home Loan Banks, outstanding advances
to member institutions, end of period
mil. $.
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
Foreclosures
.
.
Fire losses (on bldgs., contents, etc.)
number.
mil. $
10,615
7,936
9.690
8,269
7,268
7,241
7,338
7,514
7,637
7,640
7,709
7,936
7,238
6,515
5,992
21,387
39,485
2,795
3,168
3,438
4,301
4,151
4,111
3,672
3,405
3,298
3 592
2 632
' 2, 849
3,909
609
1,717
1,079
589
1,661
1,048
573
1,590
1,429
481
1,253
898
'518
1,400
714
1,860
1,335
175. 40
168. 80
4,150
10, 239
6,998
6,835
18,81
13, 840
521
1,143
1,131
597
1,306
1,265
620
1,451
1,367
718
2,109
1,474
686
2,087
1,378
641
2,225
1,245
628
1,951
1,093
101, 070
116,698
10, 351
9,665
9,340
10, 142
9,603
9,508
10, 068
9,527
10, 141
10,602
2, 263. 92 2,245.84
221. 54
194.02
195. 50
189. 44
175. 36
186.60
177. 70
162. 57
156. 50
183.70
' Revised.
* Preliminary.
1 Computed from cumulative valuation total.
2 Index
as of May 1, 1972: Building, 152.7; construction, 158.5.
©Data for Apr., July, Sept. 1971,
separately. . §Data include guaranteed direct loans sold.
for earlier periods will be shown later.
r Q3"
cf New base; comparable data
SURVEY OF CURRENT BUSINESS
May 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
In the 1971 edition of BUSINESS STATISTICS
1970
| 1971
Annual
S-ll
1971
Mar.
Apr.
May
June
July
1972
Aug.
Sept.
Oct.
Nov.
Dec.
Feb.
Jan.
Mar.
Apr.
94.0
3.0
9.1
1.1
13.3
9.8
107.4
4.3
11.3
2.5
12.2
10.4
121.0
6.0
11.6
3.3
13.4
10.4
4.2
5.6
5.9
2.6
1.7
85
42.3
7.4
8.5
2.4
2.3
8.7
46.9
DOMESTIC TKADE
ADVERTISING
Marketing/Communications
seasonally adjusted :f
Combined indexf
Television (network)—
Spot TV
.
Magazines
Newspapers .
advertising
index,
1957-59 = 100. _
__
do
__
do
do ^
__do
199
249
318
165
127
190
221
290
170
131
198
237
290
168
145
202
241
309
179
134
210
266
322
175
136
208
242
325
182
142
212
246
322
184
154
202
226
335
175
140
205
239
295
175
157
Magazine advertising (general and natl. farm magazines):
Cost, total
mil. $ 1, 185. 7
50.9
Apparel and accessories
do
95.3
Automotive, incl. accessories
.„
do
20.8
Building materials
.
.do
156.6
Drugs and toiletries
__do
99.4
Foods/soft drinks, confectionery
...do....
1, 251. 4
47.0
111.3
19.2
158.6
108.1
109.7
4.7
11.6
1.7
14.0
9.1
115.8
5.8
11.7
2.4
14.2
8.6
128.2
4.2
12.9
2.8
15.3
9.7
104.2
2.2
9.7
1.6
14.6
9.2
77.5
1.5
6.7
.9
11.1
8.2
76.8
3.9
5.0
1.1
11.3
6.3
109.9
6.8
7.7
2.1
13.9
8.5
132.5
4.7
15.9
2.2
15.5
12.0
132 3
4.8
9.9
2.1
13.8
13.1
100.7
3.4
4.4
.7
12,6
10.1
72.4
1.6
5.7
1.1
9.1
5.1
98.0
71.1
43.8
16.4
64.7
468.9
88.2
64.0
33.1
17.8
118.2
486.0
5.7
5.8
2.6
1.9
10.0
42.5
7.2
7.3
2.9
1.6
10.3
43.9
8.8
8.2
3.5
2.0
11.5
49.3
8.9
4.8
3.1
1.4
10.8
37.8
5.5
3.6
2.0
1.5
9.5
26.9
4.5
2.7
2.4
1.3
9.6
28.8
6.4
5.7
3.2
1.7
9.5
44.3
9.4
8.0
3.1
1.4
10.1
50.1
12.2
7.3
3.5
1.7
94
54.6
13.4
5.1
2.0
1.1
9.6
38.4
2.9
2.3
2.1
1.1
8.2
33.2
3, 119. 5
92.8
724.3
117.0
426.5
1,759.0
3,289 9
101.9
764.3
106,6
461.8
1, 855. 3
268.5
8.0
63.4
9.3
39.0
148.8
286 2
11 8
65.3
10.0
43.9
155.3
298 4
9.7
71.5
8.0
46.0
163.3
273.6
10.3
65.2
9.8
39.2
149.1
239.7
8.8
64.7
8.5
27.9
129.8
265. 6
8.9
70.6
6.1
29.8
150,2
275. 6 i 321 4 i 319 g i 293 2
9.8
85
80
48
64.8
73 1
63 9
54 3
9.0
10 3
9 4
96
38.8
49.1
48 2
35 0
153.3
180.5
189 5
190 3
279 4
68
71 1
13 5
246 643
111, 778
134 865
267 357
122 420
144 937
22 507
10,' 085
12 422
22 002
10,201
11 801
22 053
10, 261
11 792
oq RQA
22 367
11, 233 10* 384
12 451 11 983
23 148
10,788
12 361
23 418
10,855
12 563
22 787
10, 696
12 091
oo oeo
26 622
15, 318
11, 304
28 828
16, 987
11 841
26 873
15,814
11 060
27 099
16,215
10 884
27 114
16, 265
10 848
27 308 27 606
16^420 16! 686
10 ggg 10 921
27584
16,'645
10939
27 707
16,616
11 091
28 200
16, 754
11 446
375,527 408, 850
..mil. $
114,288 131, 814
. d o
78, 916
do __ 64,966
59,388
72 538
5,578
6 378
Tire batterv accessory dealers
do
17,
778
18,
560
Furniture and appliance group 9
do
10,483
11 004
Furniture homefurnishings stores do
6,073
6,221
Household appliance TV radio
do
15, 346
17, 378
Lumber, building, hardware group 1 do
11,995
13 733
Lumber, bldg materials dealers d
do
3,351
3,645
Hardware stores
_ _ do
Nondurable goods stores 9
do_
261 239 277, 036
Apparel group
do
20,
804
19 810
4,727
Men's and boys' wear stores _
do
4 630
8,193
Women's apparel, accessory stores do
7*582
3,532
Shoe stores
do
3 501
32,105
10, 705
6,743
6 256
487
33,965
11, 175
6,944
6 394
550
34,199
11, 174
6,841
6 287
554
35,033
12,056
7,401
6 785
616
34,560
11, 299
6,799
6 217
582
33,840
10,923
6,353
5 806
547
34,102
11,418
6,758
6,237
521
1,467
889
469
1,420
853
471
1,442
869
484
1,555
923
537
1,521
930
496
1,527
941
488
1,216
980
236
21, 400
1,502
312
601
275
1,415
1,119
296
22, 790
1,767
382
688
341
1,481
1,152
329
23, 025
1,679
388
667
291
1,638
1,286
352
22, 977
1,673
405
654
280
1,625
1,283
342
23, 261
1,570
346
625
266
1,128
2,705
7,548
6,996
2,435
1,106
2,752
7,445
6,881
2,512
Beer, wine, liquors
do
Household equip., supplies, furnishings.. do
Industrial materials
_do
Soaps, cleansers, etc
do__».
Smoking materials
do
Allother
.
..
do
Newspaper advertising expenditures (64 cities) : 0
Total*
mil. $
Automotive
do
Classified
do
Financial
do
General
do
Retail
do
1
£9
1.9
2.2
8.8
36.8
273.7
8.6
69.5
8.6
40.0
146.9
39r9
148 1
WHOLESALE TRADE
Durable goods establishments
do
Merchant wholesalers inventories, book value,
Durable goods establishments
do
04. ceo
r 22 012
9 725 ' 9, 951 11 376
12 031 r 12 061 13 287
23 654
10 478
iq i7fi
01 7Kfi
OQ 4.00
00
16,759
11 733
16 987
11 841
29 064 rr 29 079
17*041 17,171
12 023 r 11 908
35,659
12,089
7,329
6 781
548
36,018
11,796
7,100
6 516
584
42, 572
11, 931
6,149
5 570
579
30,604
9,661
5,756
5 317
*439
1,524
898
507
1,610
976
519
1,677
1 009
546
2,173
1 159
811
1,560
905
540
1,653
1,344
309
22, 917
1,637
349
635
295
1,610
1,304
306
22,684
1,674
354
663
315
1,628
1,302
326
23,570
1,741
379
701
292
1,568
1,244
324
24,222
1,897
439
752
303
1 540
1 127
413
30 641
3 001
750
1 183
403
1,106
2,829
7,970
7,408
2,633
1,132
2,889
7,284
6,748
2,626
1,087
2,650
7,350
6,818
2,475
1,115
2,722
7,566
7,022
2,509
1,099
2,530
7,185
6,673
2,493
1 565
2 688
8 300
7 707
2 528
1 105 r 1, 101
2 454 r 2, 402
7 101 ' 7, 105
6 620 r 6 619
2 388 r 2 264
10666
12 690
OOQ
29 218
17*, 334
11 884
RETAIL TRADE J
All retail stores:*
Estimated sales (unadj.), total tDurable goods stores 9
Automotive group
_
Drug and proprietary stores
Eating and drinking places
Food group..
Grocery stores
Gasoline service stations
do
do
do _
do
do
General merchandise group with nonstores9-_
_ mil. $
General merchandise group without nonstores9§
_ mil. $
Department stores
do
Mail order houses (dept. store mdse).do
Variety stores
_
do
Liquor stores
._ .
.
do
Estimated sales (seas, adj.), total t
do...
Durable goods stores 9
____do
Automotive group
do
Passenger car, other auto, dealers ... do
Tire, battery, accessory dealers
do
Furniture and appliance group 9
Furniture, homefurnishings stores
H ouseh old appliance, TV, radio
30,987 ' 36,162 2 34, 972
' 12,208 2 11, 836
' 6, 192 ' 7, 524 27,189
f 5 760
6 948
f 432
576
' 10,181
' 1, 669
1 021
'505
517
r 1,550
r 919
2
1, 555
1 223 ' 1, 240
1 481
r 998
984
1 183
r 242
239
298
20 943 ' 20,806 ' 23,954 2 23, 136
'1
309
'1
722 2 1, 582
1 437
364
353
'302
'521
547
664
'210
235
303
13 352
29* 689
86 114
79 756
27 994
13, 736
31, 131
89, 239
82 793
29, 163
1,111
2,416
7,149
6,632
2,301
1,105
2,482
7,469
6,925
2,338
61 320
68, 134
4,880
5,367
5,319
5,452
5,271
5,569
5,620
5,862
6,824
9 904
4 426
55 812
37 295
3,853
6 959
7 980
62, 242
42, 027
4,301
6,972
8,773
4,386
2,916
351
499
650
33,274
10, 613
6,337
5,803
534
4,915
3,317
324
572
668
33,578
10, 747
6,463
5,937
526
4,853
3,270
294
570
712
33,502
10, 576
6,319
5,794
525
4,993
3,398
317
551
731
33,827
10,782
6,409
5,869
540
4,778
3,205
292
537
779
33,688
10, 747
6,431
5,910
521
5,085
3,371
369
549
712
34, 655
11,298
6,830
6,284
546
5,082
3,444
359
537
708
35,219
11,833
7,365
6,809
556
5,291
3,568
404
552
738
34,964
11,695
7,109
6,564
545
6,245
4,195
575
621
758
35,574
11,885
7,248
6,690
558
9 361
6 518
548
1 133
1 073
34, 896
11,334
6,639
6,162
477
4 004
2 680
269
419
669
34,886
11,475
6,578
6,028
550
1,569
930
529
1,533
886
532
1,505
867
530
1,541
894
542
1,518
926
480
1,542
936
509
1,497
903
477
1,583
964
510
1,575
946
520
1,651
954
558
1 351
1,062
289
1 371
1^085
286
1 391
1,090
301
1,548
1 685 ' 1, 576 1,640
1 446 1 438 1 493 1 488 1 515 1,575
1,249
1,255
1,278
1,359 ' 1, 249
1,193
1,179
1,122
M35
1,186
320
299
326
362
322
324
'327
307
309
303
of the Dec. 1971 SURVEY (complete details appear in the Census Bureau Monthl y Retai1
Trade Report, Aug. 1971 issue. 9 Includes data for items not shown separately.
f Revised series; 1970 monthly revisions are in the June 1971 SURVEY (no comparable earlier
data1 are available).
rf Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical
stores.
§ Except department stores mail order.
do
do
do
Lumber, building hardware group
do
Lumber, bldg. materials dealerscf .~.~_do____ --------Hardware stores
do
Data for
•* A ?nvls?dSept.-Dec. 1970 are as follows (mil. $): 256.2, 279.5, 309.5, 264.4;
7,0,9.0,7.1,5.6; 58.6,60.1,58.0,46.1; 8.9,10.2,7.8,8.8; 37.9,42.6,48.5,30.6; 143.9,157.6,188.1,173.2.
2 Advance estimate. eSource: Media Records, Inc. 64-City Newspaper Advertising
Trend Chart.
*New series. Beginning Jan. 1971 the series was revised to reflect trends in
newpaper Revise(ito
advertising expenditures in 64 cities instead of linage in 52 cities as formerly pubf
.u f
reflect new sample design, improved techniques, and new information
from the 1967 Census of Business; revisions for periods prior to Oct. 1970 appear on p. 55 ff.
r
'1 163
2, 676
'7 891
r 7 354
r 2 443
f
'4 512 '5 716
2 1, 103
22 2, 709
7, 434
2 g 962
2 2 441
2
5 527
'4 064 '5 190 22 5 Oil
' 2, 646 '3 407 3 337
420
••327
'464
596
r 652
740
'35,345 ' 36,402 2 35, 853
' 11,457 ' 12,044 2 11, 712
7,022
'6,689
' 6, 121 6,398
624
'568
1,741 '1,728
1,020 '1,027
607
'573
1,776
1,058
569
SURVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
Annual
May 1972
1971
Mar.
Apr.
May
June
July
1972
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
23,888
24,358
1,756
416
670
277
24, 141
DOMESTIC TRADE—Continued
RETAIL TRADEf— Continued
All retail storesf— Continued
Estimated sales (seas, adj.)— Continued
Nondurable goods stores 9
mil. $
Apparel group
do
Men's and boys' wear stores
do
Women's apparel, accessory stores do
Shoe stores
do
Drug and proprietary stores
Eating and drinking places.
Food group
Grocery stores
do
do
do
do
General merchandise group with nonstores 9
.mil. $..
General merchandise group without nonstores 9 §
- - mil. $..
Department stores .
do
Mail order houses (dept. store mdse.)do
Variety stores.
do
Liquor stores
do
Estimated inventories, end of year or month: t
Book value (unadjusted), total J
mil. $_.
Durable goods stores 9
do
Automotive group
do
Furniture and appliance group
do
Lumber, building, hardware group. _ do
22,661
1,709
391
666
292
22,831
1,712
395
665
297
22, 926
1,750
405
690
297
23,045
1,755
413
696
283
22, 941
1,729
389
694
285
23, 357
1,749
409
686
294
23,386
1,683
385
666
284
23,269
1,700
384
665
291
23, 689
1,775
397
699
304
23, 562
1,773
388
715
295
23,411
1,732
390
677
286
1,151
2,565
7,372
6,837
2,353
1,143
2,538
7,431
6,891
2,343
1,135
2,584
7,492
6,947
2,362
1,133
2,574
7,418
6,867
2,390
1,124
2,567
7,411
6,878
2,433
1,167
2,614
7,478
6,950
2,511
1,138
2,573
7,516
6,993
2,523
1,133
2,632
7,391
6,851
2,494
1,141
2,677
7,474
6,944
2,521
1,165
2,746
7,523
6,994
2,523
1,137
2,745
7,387
6,860
2,506
r 1, 155
r 2, 714
r 7, 665
' 7, 133
'2,493
1,184
2,796
7,741
7,210
2,488
5,501
5,526
5,546
5,654
5,653
5,757
5,872
5,817
5,954
5,756
5,874
r 5, 965
6,135
4,987
3,336
340
594
718
5,076
3,427
342
577
714
5,092
3,413
345
596
718
5,194
3,503
358
584
754
5,150
3,472
354
571
734
5,251
3,511
384
577
741
5,315
3,618
370
571
754
5,247
3,554
382
568
748
5,387
3,641
395
577
742
5,261
3,607
345
572
728
5,376
3,578
396
599
727
'5,486
r 3, 650
'399
'617
'753
5,589
3,707
407
628
797
r 1 741
'409
'673
'287
45,465
20,014
8,832
3,396
2,733
49,134
22,438
11, 197
3,470
2,794
49, 111
22,672
11,224
3,442
2,950
49,906
23, 166
11, 608
3,512
2,947
49,956
23,490
11, 926
3,495
2,982
49, 675
23,427
12, 048
3,469
2,941
49,352
23, 000
11,698
3,433
2,897
48, 657
21, 759
10,453
3,462
2,815
50, 169
22,435
11, 080
3,504
2,814
51, 356
22, 575
11, 094
3,557
2,847
52, 052
22, 759
11, 105
3,632
2,823
49, 134
22,438
11, 197
3,470
2, 794
48,962
22, 714
11, 339
3,413
2,878
49,929
23, 153
11, 633
3,479
2,969
51, 467
23,808
12,011
3,563
3,053
Nondurable goods stores 9
do
Apparel group
- - - do
Food group
.
-.
do
General merchandise group with nonstores
mil. $ _
Department stores
_ _
do
25,451
4,297
5,235
26,696
4,427
5,723
26,439
4,504
5,309
26,740
4,527
5,361
26,466
4,446
5,383
26,248
4,388
5,427
26, 352
4,423
5,446
26,898
4,648
5,410
27, 734
4,818
5,477
28, 781
4, 949,
5,659
29,293
5,052
5,845
26, 696
4,427
5,723
26, 248
4,275
5,560
26, 776
4,447
5,566
27, 659
4,640
5,700
9,553
5,429
10,218
5,903
10, 269
5,893
10,497
6,001
10,480
5,993
10, 331
5,861
10, 383
5,897
10, 625
6,031
11, 209
6,442
11, 793
6,846
11, 947
7, 010
10, 218
5,903
10, 091
5,845
10, 436
5,984
10,992
6,366
Book value (seas, adj ), total J
do __
Durable goods stores 9
do
Automotive group
do
Furniture and appliance group
do
Lumber, building, hardware group— do
46, 555
20,490
9,021
3,451
2,809
50,474
23,124
11,603
3,523
2,872
48,246
21,704
10,354
3,463
2,886
48,809
22,056
10, 699
3,470
2,858
49, 259
22, 509
11, 053
3,492
2,912
49, 534
22, 679
11,318
3,472
2,900
49, 592
22,707
11,335
3,461
2,894
50, 299
23,313
11,987
3,476
2,846
50, 844
23, 769
12,380
3,494
2,848
50, 800
23, 652
12, 259
3,467
2,884
50, 377
23, 306
11, 890
3,466
2,843
50, 474
23, 124
11, 603
3,523
2,872
50, 542
22, 930
11,305
3,533
2,931
50,646
22, 958
11,327
3,557
2, 987
50,890
23,025
11,331
3,585
2,984
Nondurable goods stores 9
do
Apparel group
do
Food group
_ do
General merchandise group with nonstores
mil. $
Department stores
do
26, 065
4,467
5,188
27,350
4,602
5,672
26,542
4,477
5,309
26,753
4,522
5,361
26,750
4,518
5,388
26, 855
4,547
5,454
26,885
4,550
5,495
26,986
4,566
5,498
27, 075
4,554
5,521
27, 148
4,625
5,564
27, 071
4,626
5,647
27, 350
4,602
5,672
27, 612
4,652
5,639
27, 688
4,627
5,622
27,865
4,654
5,700
10, 163
5,776
10,866
6,280
10,431
5,947
10, 572
6,049
10, 606
6,078
10,645
6,093
10,596
6,042
10,632
6,043
10,732
6,153
10,648
6,134
10, 609
6,133
10, 866
6,280
10, 922
6,381
11, 042
6,380
11, 215
6,470
Firms with 11 or more stores: t
Estimated sales (unadj.), total9
do
117,245
125,607
9,521
10,388
10,304
10,328
10,372
10, 143
10, 275
10,639
11,352
15, 282
8,991
' 9, 104
10,928
Apparel group 9
- - do
Men's and boys' wear stores
do
Women's apparel, accessory stores..
do. __
Shoe stores
do
Drug and proprietary stores
do
Eating and drinking places
do
Furniture and appliance group
do
5,475
819
1,875
1,473
4,344
2,859
1,508
5,741
750
2,123
1,498
4,693
2,716
1,600
413
47
150
116
359
215
118
515
63
184
151
364
217
127
477
70
175
126
382
254
122
464
66
169
119
362
246
136
417
51
155
108
376
256
131
455
52
165
127
405
263
119
472
55
174
137
367
221
131
483
62
184
121
384
218
147
529
75
199
129
380
215
142
854
129
335
180
630
227
209
351
52
124
90
360
195
138
'323
'43
'121
'85
'365
'197
'133
490
64
180
132
399
232
143
General merchandise group with nonstores 9
mil. $
General merchandise group without nonstores §
mil. $
Dept. stores, excl. mail order sales
do
Variety stores
do
46, 102
52,092
3,687
4,141
4,076
4,207
4,021
4,229
4,286
4,442
5,248
7,718
3,300
'3,395
4,345
43,487
31,893
5,417
49,008
36,544
5,398
3,427
2,507
389
3,911
2,920
449
3,827
2,871
438
3,966
2,997
423
3,746
2,807
409
3,974
2,958
419
3,996
2,996
416
4,143
3,092
426
4,939
3,625
490
7,434
5,583
889
3,104
2,323
324
' 3, 169
'2,313
' 362
4,067
2,970
467
Grocery stores
Tire, battery, accessory dealers
43, 183
1,827
45, 235
1,955
3,672
152
3,843
175
3,831
171
3,713
193
4,052
173
3,577
165
3,665
156
3,810
164
3,657
177
4,278
180
3,652
123
'3,688
'121
4,140
183
10, 210
10,342
10,496
10, 552
10,341
10, 571
10, 639
10,442
10, 845
10,544
10, 690 '10,866
11, 124
466
60
171
125
385
217
479
63
176
129
379
206
502
76
183
129
384
248
475
66
179
113
375
235
486
66
177
125
376
237
480
64
176
126
425
253
462
60
170
123
387
213
462
57
171
124
397
210
494
65
184
127
394
228
490
64
188
122
410
239
465
62
170
119
394
212
'462
'60
'173
'122
'411
'219
476
71
180
114
416
234
4,155
4,224
4,245
4,361
4,255
4,314
4,525
4,433
4,605
4,431
4,459
' 4, 538
4,694
'4,279
' 3, 160
'487
4,407
3,249
5CO
3,939
197
Estimated sales (seas, adj.), total 9
Apparel group 9
.
Men's and boys' wear stores
Women's apparel, accessory stores.
Shoe stores.. _
Drug and proprietary stores
Eating and drinking places
do
do
do. __
do _
do
_ do. _
do
do
do ..
General merchandise group with nonstores9
mil. $
General merchandise group without nonstores §..
mil. $
Dept. stores, excl. mail order sales do
Variety stores
do
Grocery stores..
Tire, battery, accessory dealers
do
do
All retail stores, accts. receivable, end of yr. or mo.: cf
Total (unadjusted)
mil. $__
Durable goods stores
do
Nondurable goods stores
___do_
Charge accounts..
_
do
Installment accounts
do
Total (seasonally adjusted)
Durable goods stores
Nondurable goods stores
Charge accounts
Installment accounts
do
do
do
do
do
3,877
2,852
461
3,993
2,970
451
3,990
2,969
453
4,119
3,068
447
3,974
2,952
443
4,052
3,012
442
4,243
3,180
450
4,151
3,123
437
4,309
3,225
447
4,205
3,161
446
4,212
3,114
475
3,736
170
3,779
163
3,874
158
3,852
167
3,766
152
3,842
169
3,774
172
3,671
163
3,821
170
3,701
147
3,773
160
'3,907
'160
22, 860
7,387
15, 473
9,001
13, 859
23, 514
7,753
15, 761
9,385
14, 129
20, 987
7,015
13, 972
8,274
12, 713
21, 337
7,186
14, 151
8,658
12, 679
21, 531
7,303
14, 228
8,917
12, 614
21, 632
7,576
14, 056
8,997
12, 635
21, 332
7,481
13, 851
8,794
12, 538
21,426
7,597
13,829
8,826
12,600
21, 760
7,780
13, 980
8,975
12, 785
21, 826
7,791
14, 035
9,032
12, 794
22,329
7,685
14,644
9,185
13, 144
23, 514
7,753
15, 761
9,385
14, 129
22,312
7,331
14, 981
8,744
13, 568
21, 931
7,297
14,634
8,703
13, 228
21,394
7,214
14, 180
8,603
12, 791
22, 046
7,580
14, 466
8,986
13, 060
21,351
7,263
14, 088
8,558
12, 793
21, 531
7,338
14, 193
8,704
12, 827
21, 616
7,378
14, 238
8,794
12, 822
21, 638
7,423
14, 215
8,805
12,833
21, 706
7,392
14, 314
8,829
12, 877
21, 847
7,507
14, 340
8,908
12, 939
21, 964
7,605
14, 359
8,982
12, 982
21,933
7,581
14,352
8,907
13, 038
22, 257
7,680
14, 577
9,081
13, 176
22, 046
7,580
14, 466
8,986
13, 060
21, 858
7,508
14,350
8,862
12, 996
22, 158
7,529
14, 629
9,075
13,083
l
' Revised.
Advance estimate.
fSee note marked "J" on p. S-ll.
JSeries revised
to reflect benchmarking to the levels of the 1968-70 Annual Retail Trade Reports (Census
Bureau), and also recalculation of seasonal factors for all lines of trade; description of revisions
and revised data appear on p. 55 ff. of the Dec. 1971 SURVEY (1968-70).
9 Includes data^not
shown separately.
§Except department stores mail order.
cf See note marked "j" on
p. S-ll; data prior to Feb. 1971 will be shown later.
S-13
SURVEY OF CURRENT BUSINESS
May 1972
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
| 1971
Annual
1972
1971
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr. t>
LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OP THE UNITED STATES
Total, incl. armed forces overseas t
206.39
206.56
206.72
206. 89
207. 05
207. 22
207. 40
207. 59
207.78
207. 94
208. 08
208. 20
208.31
208.44
85,598
82, 668
77,493
3,042
74, 452
5,175
85,780
82,898
78,204
3,505
74, 699
4,694
85,954
83, 104
78,709
3,598
75, 111
4,394
87, 784
84,968
79,478
3,920
75, 559
5,490
88, 808
86, Oil
80, 681
3,971
76, 710
5,330
88,453
85, 678
80, 618
3,764
76, 853
5,061
86, 884
84, 135
79, 295
3,444
75,851
4,840
87,352
84,635
80,065
3,470
76, 595
4,570
87,715
85,019
80, 204
3,262
76, 942
4,815
87, 541
84,883
80,188
2,948
77, 240
4,695
87, 147
84, 553
79, 106
2,869
76, 237
2
5,447
87, 318
84, 778
79, 366
2,909
76,458
5,412
87,914
85,410
80,195
3,094
77,101
5,215
87,787
85,324
80, 627
3,287
77,339
4,697
83 , 455
78, 446
3,387
75, 059
5,009
1,100
1,181
83, 788
78, 732
3,540
75, 192
5,056
1,088
83, 986
78,830
3,412
75, 418
5,156
1,183
83, 401
78, 600
3,301
75, 299
4,801
1,175
83, 930
79, 014
3,374
75, 640
4,916
1,255
84,313
79, 199
3,407
75, 792
5,114
1,291
84, 491
79, 451
3,363
76, 088
5,040
1,250
84, 750
79, 832
3,416
76, 416
4,918
1, 253
85, 116
80, 020
3,419
76,601
5,096
1,311
85, 225
80, 098
3,400
76, 698
5,127
1,273
85, 707
80, 636
3,393
77,243
5,071
1,198
85,535
80,623
3,357
77, 266
4,912
1,294
86,313
81,241
3,482
77,759
5,072
1,224
86,284
81,205
3,324
77,881
5,079
1,137
mil.. 1204.88 1 207. 05
LABOR FORCE §
Labor force, persons 16 years of age and over. .thous. _
Civilian labor force
do.
Employed, total
do
Agriculture
do
Nonagricultural industries
do
Unemployed.
.
.do.
Seasonally Adjusted t
Civilian labor forcej
do
Employed, total
_
do
Agriculture.
.
_
do
Nonagricultural industries.
_ do
Unemployed
•__
do.
Long-term, 15 weeks and over
do
Rates (unemployed in each group as percent
of total in the group) : J
All civilian workers
Men, 20 years and over
Women, 20 years and over
Both sexes, 16-19 years
White .
Negro and other races.
Married men
_.
Occupation: White-collar workers
Industry of last job (nonagricultural) :
Private wage and salary workers
Construction
_
Manufacturing
Durable goods
_
__ _ _
85, 903
82, 715
78, 627
3,462
75, 165
4,088
662
86, 929
84, 113
79, 120
3,387
75, 732
4,993
4.9
3.5
4.8
15.3
4.5
8.2
2.6
2.8
6.2
5.9
4.4
5.7
16.9
5.4
9.9
3.2
3.5
6.0
4.3
5.8
17.5
5.5
9.5
3.2
3.7
6.0
4.4
5.9
17.0
5.6
9.8
3.2
3.7
6.1
4.5
5.9
17.4
5.6
10.5
3.2
3.6
5.8
4.3
5.6
16.2
5.3
9.4
3.1
3.2
5.9
4.3
5.7
16.5
5.4
10.0
3.1
3.5
6.1
4.5
5.8
17.1
5.6
9.9
3.2
3.5
6.0
4.5
5.7
16.9
5.4
10.4
3.3
3.4
5.8
4.3
5.5
16.7
5.3
10.4
3.0
3.4
6.0
4.4
5.8
16.7
5.6
9.4
3.3
3.4
6.0
4.3
5.8
17.3
5.4
10.4
3.2
3.6
5.9
4.2
5.5
17.8
5.3
10.6
3.0
3.6
5.7
4.0
5.0
18.8
5.1
10.5
2.8
3.3
5.9
4.1
5.4
17.9
5.3
10.5
2.8
3.5
6.9
5.9
4.3
5.4
17.3
5.4
9.6
2.9
3.4
6.8
5.2
9.7
5.6
5.7
6.2
10.4
6.8
7.0
6.4
10.7
7.0
7.3
6.3
10.0
7.0
7.5
6.4
11.0
6.9
7.3
6.1
10.3
6.7
7.0
6.1
9.8
6.7
6.8
6.2
9.9
6.8
6.9
6.2
9.7
6.9
7.0
5.9
10.2
6.2
6.4
6.2
9.7
6.6
6.7
6.3
11.2
6.9
6.7
6.1
9.8
6.4
6.7
5.9
10.3
6.0
6.1
6.1
9.8
6.2
6.3
5.9
10.6
5.8
5.8
70, 616
58, 081
70,699
57,841
69,782
58, 811
70, 309
57,331
70, 738
57, 745
71, 355
58, 422
70,452
58,114
70,542
58, 281
71, 184
58, 500
71,379
58,337
71,638
58, 479
72, 034
58, 805
70,643 ' 70,776 '71,339
57,462 r 57 442 r 57 959
71,834
58,457
70, 616
58, 081
622
3,345
19, 369
11, 198
70,699
57,841
601
3,259
18,610
10, 590
70, 480
57, 688
622
3,264
18, 609
10, 571
70, 599
57,768
623
3,282
18, 639
10, 598
70, 769
57, 911
622
3,275
18, 702
10, 651
70, 657
57, 819
619
3,255
18, 608
10, 598
70,531
57,719
597
3,228
18,533
10,552
70, 529
57,686
609
3,219
18, 457
10, 485
70, 853
57, 998
616
3,250
18,616
10,597
70,848
57, 913
521
3,290
18,560
10, 561
71, 042
58,055
525
3,320
18, 603
10, 572
71, 185
58, 147
607
3,245
18, 566
10, 548
71,584
58,486
616
3,320
18,609
10,574
242
572
460
638
1,315
1,380
1,977
1,923
1,807
459
426
8, 171
1,782
82
978
1,372
706
1,107
1,051
190
580
322
193
580
459
628
1,225
1,332
1,791
1,788
1,751
432
411
8,020
1,754
74
962
1,362
688
1,088
1,015
190
582
308
195
566
450
622
1,264
1,298
1,796
1,787
1,753
429
411
8,038
1,760
77
958
1,368
689
1,092
1,021
191
574
308
194
567
452
628
1,270
1,333
1,784
1,789
1,745
426
410
8,041
1,753
79
958
1,374
690
1,088
1,021
190
577
311
196
570
457
633
1,272
1,339
1,783
1,793
1,768
429
411
8, 051
1,758
78
963
1,373
681
1,091
1,024
190
582
311
193
574
458
629
1,259
1,333
1,769
1,783
1,759
430
411
8,010
1,751
77
956
1,357
682
1,088
1,016
189
583
311
191
579
461
625
1,226
1,335
1,770
1,773
1,751
431
410
7,981
1,762
69
959
1,349
676
1,083
1,008
188
584
303
191
583
456
627
1,156
1,331
1,775
1,772
1, 754
430
410
7,972
1,748
70
959
1,351
681
1,080
1,004
188
682
309
190
591
465
633
1,182
1,346
1,794
1,791
1.758
435
412
8,019
1,755
72
960
1,361
694
1,082
1,008
190
591
306
189
597
467
631
1,187
1,341
1,791
1,793
1,720
437
408
7,999
1,728
69
963
1,365
693
1,085
1,008
189
594
305
186
601
470
634
1,178
1,339
1,797
1, 791
1,732
436
408
8,031
1,750
71
970
1,370
691
1,084
1,008
189
592
306
184
600
474
632
1,176
1,331
1,793
1,793
1,719
434
412
8,018
1,748
69
974
1,357
690
1,084
1,005
191
594
306
183
604
478
640
1,186
1,336
1,784
1,792
1,716
4,504
14, 922
3,824
11, 098
3,690
11, 630
12, 535
2, 705
9, 830
4,481
15, 174
3,855
11,319
3,800
11,917
12,858
2,664
10, 194
4,520
15, 074
3,852
11, 222
3,758
11, 841
12, 792
2,662
10, 130
4,505
15, 107
3,854
11, 253
3,769
11, 843
12, 831
2,667
10, 164
4,518
15, 148
3,866
11, 282
3,788
11, 858
12, 858
2,667
10, 191
4,500
15, 135
3,837
11, 298
3,807
11, 895
12, 838
2,640
10, 198
4,476
15, 158
3,835
11, 323
3,806
11,921
12, 812
2, 643
10, 169
4,428
15, 223
3,844
11,379
3,804
11,946
12, 843
2,650
10, 193
4,460
15, 273
3,865
11, 408
3,821
11, 962
12, 855
2,674
10, 181
4,442
15,270
3,873
11,397
3,834
11, 996
12, 935
2,675
10,260
4,434
15, 278
3,874
11, 404
3,851
12, 044
12, 987
2,669
10, 318
4,465
15, 315
3,884
11, 431
3,860
12, 089
13, 038
2,669
10,369
EMPLOYMENT
Employees on payrolls of nonagricultural estab.:
Total, not adjusted for seasonal variation, .thous..
Private sector (excl. gov't)
do
Seasonally Adjusted
Total
thous
Private sector (excl. gov't) .
do
Mining
.do
Contract construction
do
Manufacturing
do
Durable goods.
.
do
Ordnance and accessories
_ do
Lumber and wood products
.
do . Furniture and
fixtures
do
Stone, clay, and glass products
do
Primary metal industries
do
Fabricated metal products. . _
.do
Machinery, except electrical
do ..
Electrical equip, and supplies
. _do
Transportation equipment
do
Instruments and related products
do
Miscellaneous manufacturing ind_. .do
Nondurable goods
do..,_
Food and kindred products
do
Tobacco manufactures
. . do .
Textile mill products
do
Apparel and other textile products... do
Paper and allied products
. . . do
Printing and publishing
do
Chemicals and allied products ... do. ..
Petroleum and coal products
.do
Rubber and plastics products, nee. ..do
Leather and leather products
do .
Transportation, communication, electric, gas,
and sanitary services.
.thous..
Wholesale and retail trade
do
Wholesale trade
do
Retail trade
do
Finance, insurance, and real estate
do
Services
_
do
Government
do
Federal
do
State and local
. do .
r 71,729
r 58,568
'612
* 3, 236
r 18,690
' 10,637
' 71,990
' 58,797
'611
' 3, 262
' 18,777
' 10,695
72, 172
58, 948
603
3,235
18,855
10,743
'182
'438
419
'423
8,035 r 8, 053
1,757 r 1, 749
71
71
'981
979
1,353 r 1,365
688
'689
1,090 '1,090
1,003 '1,003
192
188
600
604
306
'309
183
'604
'484
'645
'1,211
' 1, 357
'1,792
' 1,813
' 1, 744
'438
424
' 8, 082
'1,760
'73
'988
'1,366
'692
' 1, 091
' 1, 000
191
'612
'309
185
593
483
650
1,218
1,364
1,803
1,830
1,753
440
424
8,112
1,761
74
990
1,375
696
1,095
1,001
189
619
312
4,502
15,447
3,902
11,545
3,872
12,120
13,098
2,675
10,423
'4,540
' 15,513
'3,936
' 11,577
'3,889
' 12,205
' 13,193
'2,669
' 10,524
4,536
15, 606
3,945
11, 661
3,902
12, 211
13,224
2,669
10, 555
'603
'481
'641
r 1,187
r
1,345
' 1, 798
1,803
r 1, 736
'4,479
-15,495
' 3, 913
' 11,582
' 3, 879
12,177
"13,161
2,672
• 10,489
Production (or nonsupervisory) workers on private
47,381 ' 47,343 ' 47,830 48, 290
nonagricultural payrolls, not seas, adj thous.. 47, 950 47,766 46,775 47, 296 47, 708 48, 322 47,995 48, 180 48, 397 48,243 48, 384 48,712
13, 615
14, 033
13,487 13, 345 13,357 13, 441 13, 611 13, 315 13, 524 13,738 13,616 13, 605 13, 514 13,373 ' 13,465 ' 13,577
Total on manufacturing payrolls.
do...
Seasonally Adjusted
13, 758
13,487 13,448 13, 502 13, 569 13, 496 13,440 13,371 13, 515 13,462 13, 505 13, 474 13,527 ' 13,597 '' 13,683
Total on manufacturing payrolls
do. . . 14, 033
7,791
7, 744
7,629 '7,685
7,594
7,614
7,630
7,600
7,612
7,534
7,667
7,627
7,594
7,612
7,569
8,043
Durable goods _
.
do
90
89
90
89
90
92
93
94
94
97
93
98
95
99
96
131
Ordnance and accessories
.do ..
'519
'519
520
516
519
515
509
488
503
491
495
500
487
500
493
Lumber and wood products..
do
399
'399
397
395
391
384
388
383
372
375
375
378
370
380
378
379
Furniture and
fixtures
.do...
519
'514
'511
510
502
504
502
502
502
497
498
499
496
492
499
507
Stone, clay, and glass products
do...
965
'961
934
'937
920
922
932
926
1,012
901
965
1,008
996
1,002
965
Primary metal industries
do. . . 1,043
1,041
1, 016 '1,024 ' 1, 036
1,011
1,020
1,018
1,026
1,014
1,020
1,016
1,016
1,013
980
1,012
1.051
Fabricated metal products
do...
1,184
1,168 ' 1, 178 ' 1, 174
1,174
1,177
1,171
1,159
1,175
1,159
1,152
1,156
1,163
1,172
1, 170
Machinery, except electrical...
_.-do...
1, 319
2
earlier figure: CCivilian 1abor fore B, 330; no nagricull ural emj)loyment , 290; unemploynlent, 30.
' Revised.
» Preliminary.
1 As of July 1.
See note§ below,
Unem ploymen t rates £ire unafi ected.
§Effective Jan. 1972, data reflect adjustment to the 1970 Censiis of Popu lation. C ivilian la bor
coniparable
JEfi ective F eb. 1972 SURVEY labor f rDree dataL reflect new seas onal facltors;
force, nonagricultural employment, and unemployment figui es for Jaii. 1972 a re raised by
3 for prior periods appear irL EMPLO-S MENT Al?D EARN NGS, FelD. 1972 (IrSDL, Bureau of
ent
mont
figure
hs)
about 0 .4% over the 1960-based figures. For comparison of Jan . 1972 (and subsequ
Labor Statistic s).
fS ee note ' 't," P. s -14.
with pre-1972 data, the following approximate amounts (in t hous.) shemid be a dded to the
SURVEY OF CURRENT BUSINESS
S~14
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS
1970
1971
| 1971
Annual
May 1972
Mar.
Apr.
May
June
July
1972
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
1, 192
1,205 ' 1, 214
1,219 ' 1, 234 ' 1, 245
260
'262
'261
325
••330
331
5,898 ' 5, 912 ' 5, 939
1,183
1,177 ' 1, 187
58
61
58
862
862
'868
1,180 ' 1, 190 ' 1, 191
528
529
'533
666
'666
'666
581
578
'575
114
119
'117
464
'476
'468
262
r265
'265
1,227
1,261
265
331
5,967
1,190
62
871
1,199
535
669
576
115
482
268
37.2
36.8
37.1
36.9
43.0
37.5
40.3
40.4
3.3
37.3
37.0
42.3
36.9
40.5
40.8
3.4
41.5
3.6
42.3
41.4
40.7
41.7
41.0
41.4
42.0
40.9
42.7
40.1
39.6
Feb.
Mar.
Apr. P
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT— Continued
Seasonally Adjusted
Production workers on mfg. payrolls— Continued
Durable goods— Continued
Electrical equipment and supplies
thous__
Transportation equipment. . _
do
Instruments and related products
..do
Miscellaneous manufacturing ind__
_do
Nondurable goods
do
Food and kindred products
do
Tobacco manufactures .
do
Textile mill products
.
do. _
Apparel and other textile products
do
Paper and allied products
.do
Printing and publish ing _ "
._
do Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products, nee
do
Leather and leather products
do
1,268
1,246
277
329
5 990
1,199
68
858
1 203
544
681
603
116
443
275
1,180
1,238
257
318
5,875
1,180
61
844
1,191
526
665
583
116
448
262
"37 I
42.7
37.4
39.8
~ 37 6"
42.4
37.3
39.9
1,173
1,225
253
316
5,879
1,184
64
839
1,197
526
668
583
116
440
262
1,177
1,225
253
317
5,890
1,181
66
840
1,202
527
666
584
116
443
265
1,184
1,253
255
318
5,902
1,184
65
845
1,204
519
667
588
116
448
266
1,179
1,246
256
318
5,869
1,178
64
838
1,188
520
667
585
115
449
265
1,169
1,244
257
318
5,846
1,188
56
841
1,179
515
661
582
115
450
259
1,167
1,248
256
318
5,837
1,179
56
841
1,180
520
658
577
115
447
264
1,185
1,251
260
319
5, 885
1,185
58
842
1,189
533
661
582
116
458
261
1,190
1,216
261
316
5,862
1,156
56
845
1,193
532
663
581
116
460
260
1,189
1,230
261
314
5,891
1,177
58
851
1,198
530
661
581
116
458
261
1,191
1,221
259,
319
5,880
1,175
57
855
1,185
529
661
580
118
459
261
37.0
36.7
42.2
37.1
39.5
39.8
2.9
36.9
36.8
42.4
36.8
40.0
40.0
3.0
37.1
37.3
42.3
37.2
40.2
40.0
2.9
36.9
37.3
42.2
37.1
39.8
40.0
3.0
36.9
37.4
42.0
37.1
39.8
39.8
2.9
36.7
37.0
41.9
35.7
39.8
39.5
2.8
37.0
37.0
42.5
37.6
40.0
39.8
3.0
37.1
37.0
42.3
39.0
40.2
40.1
3.0
37.2
37.3
42.6
36.8
40.7
40.3
3.1
37.0
36.7
43.0
37.4
39.8
40.0
2.9
HOURS AND MAN-HOURS
Seasonally Adjusted
Average weekly gross hours per production worker
on payrolls of private nonagric. estab
hours. Not seasonally adjusted
do.. .
Mining
do
Contract construction
.
do
Manufacturing : Not seasonally adjusted ... do
Seasonally adjusted
do
Overtime hours
._ _ _ _ _ _ _ do .
3.0
2.9
37.0
36.8
42.8
37.8
39.7
39.8
2.9
Durable goods.
do
Overtime hours
do
Ordnance and accessories
do
Lumber and wood products
__do
Furniture and fixtures. _
_ _ -do
Stone, clav, and glass products
. do
Primary metal industries
_
do
Fabricated metal products
do
Machin ery, except electrical
do
Electrical equipment and supplies
do
Transportation equipment
do
Instruments and related products.
do
M iscellan ecus m anuf acturing ind
do
40.3
29
40.6
39.7
39.2
41.2
40.5
40.7
41.1
39.9
40.3
40 1
38.7
40.4
2.9
41.7
40.3
39.8
41.6
40.4
40.3
40.6
39.9
40.7
39.8
38.9
40.4
2.8
41.9
39.9
39.7
41.7
40.8
40.3
40.2
39.7
41.7
39.7
38.8
40.3
2.8
41.5
40.1
39.5
41.1
41.0
40.1
40.0
39.8
40.6
39.7
38.6
40.5
2.9
41.5
39.8
39.9
41.4
41.0
40.7
40.5
39.9
41.1
40.0
38.9
40.6
2.9
41.6
40.4
39.9
42.0
41.0
40.6
40.7
39.9
41.4
39.7
38.7
40.4
2.8
41.9
40.5
40.1
41.8
40.6
40.7
40.7
40.1
39.5
39.8
39.2
40.0
2.8
41,9
40.2
39.9
41.8
38.8
40.2
40.8
40.0
39.9
39.8
39.2
39.7
2.7
41.7
40.1
39.4
41.4
39.5
39.3
40.5
39.6
38.5
39.7
38.7
40.3
2.8
41.8
40.7
39.7
41.8
40.1
40.1
40.8
39.9
40.5
39.9
38.9
40.6
2.9
41.9
40.8
40.0
41.9
40.1
40.4
41.1
40.1
40.5
40.2
39.1
40.9
3.0
42.0
40.8
39.9
41.6
41.0
40.9
41.3
40.3
41.7
40.4
39.2
40.6
2.9
41.2
40.9
40.3
41.8
40.6
40.4
41.0
40.1
40.7
40.3
39. 0,
41.1
3.2
'42.4
'40.7
'42.0
'41.1
41.0
'41.4
'40.7
41.9
'40.8
'39.6
41.0
3.3
'42.2
40.9
40.5
42.2
'41.2
'40.9
41.4
'40.3
42.0
40.3
39.3
Nondurable goods _.
Overtime hours
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products.
do
do
do. . _
do
do. _
do. _ .
39 1
30
40.5
37 8
39 9
35.3
39 3
30
40.3
37 0
40 6
35 5
39.1
29
40.5
38.0
40.3
35.2
39.2
2.9
40.5
37.5
40.4
35.1
39.4
3.0
40.5
38.3
40.8
35.5
39.3
3.1
40.4
36.2
40.8
35.4
39.3
3.0
40.5
39.6
40.3
35.8
39.3
3.1
40.5
37.1
40.7
35.7
39.1
3.1
40.5
36.6
40.4
35.4
39.3
3.0
40.0
34.7
40.8
36.0
39.5
3.0
40.0
35.6
41.1
36.2
39.5
3.0
40.3
35.6
41.0
35.9
39.4
3.1
40.1
34.8
41.3
35.7
'39.6
3.2
40.0
'33.6
41.2
'36.2
'39.6
'3.3
'40.0
'34.5
'41.4
' 35. 8
39.9
3.3
40.2
34.1
41.8
36.1
do
do
do
do
do
do
41 9
37 7
41.6
42 7
40 3
37.2
42 1
37 6
41.6
42 4
40.3
37.7
41. 9
37.5
41.4
41.9
40.3
37.4
42.3
37.5
41.7
41.7
40.3
38.3
42.1
37.7
41.5
41.7
40.4
37.8
42.3
37.7
41.7
42.3
40.7
37.5
42.4
37.6
41.4
42.6
40.3
37.7
42.4
37.5
41.5
43.4
40.1
37.6
41.9
37.4
42.1
42.9
40.0
37.3
42.0
37.5
41.5
42.4
40.3
37.9
42.3
37.6
41.4
41.8
40.6
38. 3
42.3
37.5
41.7
42.7
40.9
37.9
42.1
37.5
41.8
42.2
40.8
38.0
'42.6 '42.7
37.7
37.5
41.7
'41.8
42.0 - 41.7
41.0 '41.2
38.5 '38.2
43.1
38.0
41.7
42.2
41.4
38.9
do
do
do
do
.. do
do
40.5
35 3
40.0
33 8
36 8
34.4
40.2
35 1
39.8
33 7
37.0
34.2
40.6
35 0
39.7
33 5
36.9
34.0
40.6
35.2
39.6
33.7
36.9
34.1
40.0
35.1
39.8
33.7
37.0
34.1
40.7
35.2
39.9
33.7
37.0
34.1
38.0
35.3
39.6
33.8
37.1
34.4
40.5
35.1
39.7
33.6
37.3
34.3
40.6
35.1
39.7
33.6
37.0
34.2
40.3
35.2
39.8
33.8
36.9
34.2
40.4
35.2
39.9
33.7
36.9
34.1
40.5
35.3
40.0
33.9
37.0
34.2
40.0
35.1
39.7
33.7
37.3
34.1
'40.4
'35.1
40.0
'33.5
37.1
34.2
'40.7
'35.1
39.9
'33.6
37.1
33.9
40.6
35.2
40.1
33.6
37.1
34.1
Man-hours, all wage and salary workers, nonagric.
establishments, for 1 week in the month, seas,
adjusted at annual rate
bil. man-hours
138 11
137 87
137 38
137. 56
138. 07
137. 99
137. 91
137.67
137.64
138.07
138. 92
139.17
139. 57 ' 140.36 ' 140.67
141. 65
Man-hour indexes (aggregate weekly), industrial
and construction ind., total
1967=100.
Mining
do
Contract construction
_ _.
doManufacturing
do
Durable goods
_
do
97.3
100 9
102 4
96 3
94 2
93.6
95.5
98.8
92.7
89.2
93.7
100. 9
100.3
92.4
88.9
93.7
99.7
99. ,3
92.5
88.9
94.4
100.1
98.3
93.5
90.2
94.1
99.0
98.5
93.1
90.0
93.2
94.4
97.4
92.4
89.0
92.5
96.7
97.1
91.6
87.7
92.4
97.7
94.4
91.9
87.8
93.3
79.5
100.7
92.5
89.0
94.5
79.6
105.5
93.1
89.5
94.1
97.4
96.7
93.5
90.2
94.7
100.0
101.3
93.4
89.9
'95.9
'99.6
'99.0
'95.2
'92.4
96.5
95.9
96.4
96.5
93.8
do. _ _
do. _ _
do
do
73.3
93 7
98 1
100 6
55.2
96.4
99.3
99.8
57.1
93.1
97.0
98.7
55,4
93.8
97.1
98.4
56.0
93.6
98.9
99.9
54.4
95.8
99.6
100.8
53.6
97.0
100.7
99.7
54.2
96.9
98.9
99.9
53.9
97.8
99.7
99.9
53.5
100.4
100.7
100.9
53.1
101.5
102.5
101.5
52.0
100.9
103.1
100.4
51.0
101.9
105.2
102.5
'51.9 '51.7
' 101. 7 ' 101. 7
' 106. 7 ' 106. 8
103.2 '104.3
52.4
101.0
107.3
104.1
do. _ .
do
do_
96.8
97 9
93 1
89.6
93.4
81.5
93.9
90.4
80.9
94.9
93.0
79.8
95.3
95.0
80.6
93.8
94.1
80.5
90.0
94.6
80.8
80.3
93.4
81.2
84.0
92.2
81.7
85.8
93.6
82.0
84.9
94.1
83.0
86.6
94.6
83.2
87.1
93.9
82.2
'88.4
'96.0
'83.7
'90.9
'96.9
'83.4
90.9
98.6
85.4
95.1
88 7
95.8
95.6
88.6
88.8
88.2
92.5
87.6
90.1
86.5
91.9
88.2
87.7
86.5
91.7
88.9
90.8
87.8
92.7
88.5
90.9
87.5
92.2
88.2
86.6
88.0
93.4
87.9
87.8
87.7
93.4
88.3
84.9
88.8
92.5
89.4
86.8
89.6
92.1
89.7
87.8
90.3
92.0
90.3
89.8
90. 1
93.7
90.0
87.5
90.2
95.0
'92.3
'91.2
'91.7
'98.0
'92.1
'92.2
'90.9
97.5
94.4
94.9
91.5
98.3
98.3
97.8
97.7
97.4
Nondurable goods
do___
99.3
98.5
98.0
98.8
Food and kindred products..
do...
100.1
98.8
86.9
87.4
85.4
78.7
Tobacco manufactures. _ _
do
90.5
99.2
97.6
98.5
97.3
Textile mill products
do.__
98.5
95.2
95.9
Apparel and other textile products
do. . .
95.0
94.6
94.7
r
Revised.
* Preliminary.
tRevisions (back to 1960), to adjust to the 1970 Census, appear in "Estimates of the Popula-
97.7
98.0
81.4
98.4
94.4
97.4
99.1
77.9
97.5
94.7
97.3
98.3
73.0
98.5
94.6
97.7
98.8
74.5
97.9
94.5
97.5
95.2
68.2
99.2
96.4
98.4
97.0
72.5
100.6
97.3
98.3
97.5
71.2
100.9
95.5
98.4
97.7
70.9
'99.0 '99.4
97.0 '97.8
'68.4 '73.9
102.2 '103.4
'96.7 '95.7
100.5
98.5
74.2
104.8
97.2
Paper and allied products
Printing and publishing _
Chemicals and allied products..
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products
Trans. ,comm., elec., gas, etc
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services ..
r42.5
37.3
40.1
40.5
3.2
'40.9
Seasonally Adjusted
Ordnance and accessories. _
Lumber and wood products
Furniture and fixtures .
Stone, clay, and glass products. _
Primary metal industries
Fabricated metal products _
Machinery, except electrical
Electrical equipment and supplies
do___
Transportation equipment
.do
Instruments and related products
do
Miscellaneous manufacturing ind
do. . .
102.4:
94.6
'95.3
98.7
'97.5
'94.7
'91.9
tion of the United States and Components of Change: 1940 to 1972" (P-25, No. 481), Bureau
of the Census.
SURVEY OF CURKENT BUSINESS
May 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
Annual
S-15
1972
1971
Mar.
May
Apr.
June
July
Aug.
Sept.
Oct.
Nov.
Feb.
Mar.
Dec.
Jan.
99 4
97 7
98 3
103.0
114.3
85.3
98 7 ' 100 1' 101. 1
98 4 ' 98 4 '98.9
98 7 ' 98.2 '97.4
102.2 '99.8
98.4
115.3 '116.8 '119.4
85.9 '88.0 '87.3
Apr.*
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HOURS AND MAN-HOURS— Continued
Man-hour indexes, seas, adjusted— Continued
Manufacturing indus., nondurable goods— Con.
Paper and allied products
1967=100
Printing and publishing. _
do
Chemicals and allied products
do
Petroleum and coal products
do . _ _
Rubber and plastics products, nee
do...
Leather and leather products.
.do. . .
WEEKLY AND HOURLY EARNINGS
Not Seasonally Adjusted
Avg. weekly gross earnings per prod, worker on
payrolls of private nonagric. estab
dollars .
Miningdo
Contract construction
do..
Manufacturing establishments.
do
Durable goods.
.
.
do
Ordnance and accessories.. _
do
Lumber and wood products
do
Furniture and
fixtures
do
Stone, clay, and glass products..
do
Primary metal industries
do
Fabricated metal products
do
Machinery, except electrical
do
Electrical equip, and supplies
do
Transportation equipment
do
Instruments and related products
do.
Miscellaneous manufacturing ind.
do
Nondurable goods
do
Food and kindred products
do
Tobacco manufactures
do
Textile mill products -. ..
do
Apparel and other textile products
do
Paper and allied products
do
Printing and publishing
do
Chemicals and allied products
do
Petroleum and coal products..
do
Rubber and plastics products, nee
do
Leather and leather products...
do
Trans., comm., elec., gas, etc
do
Wholesale and retail trade
do
Wholesale trade
do
Retail trade
do
Finance, insurance, and real estate
do
Services
do
Spendable earnings per worker (with 3 dependents), total private sectorf... current dollars
1967 dollars..
Manufacturing ..
current dollars
1967 dollars..
Avg. hourly gross earnings per prod, worker on payrolls of private nonagric. estab
dollars
Mining
do
Contract construction ......
do
Manufacturing
do
Excluding overtime
do
Durable goods
do
Excluding overtime
do
Ordnance and accessories
do..
Lumber and wood products
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Primary metal industries
do
Fabricated metal products.. _
do
Machinery, except electrical
"""do
Electrical equip, and supplies
do_.
Transportation equipment
do
Instruments and related products
.do""
Miscellaneous manufacturing ind
do
Nondurable goods
do
Excluding overtime..
do
Food and kindred products..
do..
Tobacco manufactures
do
Textile mill products
do
Apparel and other textile products.
do
Paper and allied products
do "
Printing and publishing
do " " "
Chemicals and allied products
do. II"
Petroleum and coal products
do
Rubber and plastics products, nec__"_IIIdoir~
Leather and leather products
do
Trans., comm., elec., gas, etc
do
Wholesale and retail trade
do
Wholesale trade
do
Retail trade
do"""
Finance, insurance, and real estate
do
Services
do
Miscellaneous hourly wages:
Construction wages, 20 cities (E NR) : &
Commonlabor
$nerhr
P
Skilled labor.
do
Farm, without board or rm., 1st of mo
do
Railroad wages (average, class I)
do" " " "
97 9
98 7
98 1
99.4
108.0
84.5
99 0
98 4
98 9
98.9
108.7
87.6
123.65
124.05
205 53
139. 74
151 50
157. 59
121 70
112. 29
147. 44
168. 10
146. 77
159. 57
137. 36
182. 55
138 55
113. 68
124 87
133. 27
114 45
102 51
87.44
149. 76
153. 38
158. 98
188. 10
132. 47
96.09
163.61
98 55
142 16
84 41
119. 56
100 30
205 35
139. 83
150 40
156.94
123 11
111. 25
147. 55
171. 39
147. 26
158. 00
136. 72
175. 12
137 86
113. 19
97 o
99 1
99 i
98.9
110.2
86.8
97 7
99 1
99 1
99.5
111.3
85.7
97 9
97 9
100.2
110.4
84.2
125.49
qft
127.57
179 in
213 94
143. 51
f)Q
1 I** O4.
1 *»i Q8
l e i an
158. 12
125 42
113. 76
151.01
170. 57
152. 22
160. 79
138. 90
182. 52
140 10
114. 07
127 01
136. 21
160. 93
129 65
116. 29
155. 24
173. 87
153. 38
162. 39
139. 95
183. 85
140 10
114. 46
128 44
136. 89
160.66
115. 53
155. 40
170. 53
150. 72
161.20
139. 00
172. 97
140 23
113. 48
161.80
129 20
118-.78
157. 78
166.45
151.13
162.01
140.00
171.74
140 58
115.64
129 17
135.94
104. Qfi
1O9 fifi
87.69
155. 24
158. 34
164. 30
195. 11
137. 57
98.30
169. 32
101 60
146 40
87 72
121. 36
101 57
88.43
157.30
158.30
164. 79
197.80
137.94
98.56
162. 43
101 2
101 3
101.8
101.6
108.7
88.4
98 3
98 3
98 5
100.7
110.0
85.3
119.46
163 97
196 35
133. 73
143 47
146. 57
117 51
108. 58
140. 08
159. 17
143. 67
154. 95
130. 87
163. 62
134 34
109. 13
120 43
127. 98
110 38
97 76
84.37
144. 14
147. 78
153. 50
182. 76
128. 96
92.63
155. 93
95 66
137 60
82 47
113. 34
96 66
126.91
171 72
213 36
142.44
153 52
160. 55
126 54
115. 42
152. 26
170. 89
150. 72
181. 99
139. 85
180. 71
140 49
115. 14
128 12
136. 21
116 55
104 34
88.40
154. 93
157. 92
163. 90
194. 19
137. 42
97.64
169. 24
100 74
146 07
86 61
121. 36
102 26
102 00
86.45
151. 26
154. 42
162. 57
193. 73
134. 06
95.98
164. 82
99 18
142 63
85 25
120. 29
100 64
103 94
87.69
152. 04
157. 17
161.85
194. 65
136. 21
97. 52
164.37
99 88
145 33
85 58
121. 77
101 02
104.61
89.95
115 90
99! 66
112. 12
92.43
124 24
102. 42
109. 55
91.44
122 14
101.95
109. 86
91.40
122 21
101. 67
111.00
91.89
123 90
102. 57
112.64
92.71
125 O'7
102. 94
3.22
3 84
5.25
3.36
3.24
3.56
3.43
3.61
2.96
2.77
3.40
3.93
3.53
3.77
3.28
4.06
3.35
2.82
3.08
2.97
3.16
2.92
2.45
2.39
3.44
3.92
3.69
4.28
3.20
2.49
3.85
2.71
3.44
2.44
3.08
2.81
3.43
4.05
5.72
3.57
3.44
3.80
3.67
3.85
3.14
2.90
3.66
4.23
3.74
3.99
3.50
4.44
3.53
2.96
3.26
3.14
3.38
3.15
2.57
2.49
3.68
4.20
3.94
4.58
3.41
2.59
4.21
2.87
3 67
2 57
3.28
2 99
3.36
4 01
5 54
3 52
3 40
3 75
3 63
3.77
3.05
2 85
3.57
4.12
3.66
3.94
3.46
4.42
3.49
2.93
3 21
3 10
3.34
3.11
2 55
2.47
3.60
4.09
3.84
4.50
3.32
2.59
4.07
2 84
3 59
2 55
3.24
2 95
3.38
4 04
5 55
3 54
3 42
3 76
3 64
3.80
3.07
2 86
3.59
4 17
3.70
3.95
3.47
4.40
3.49
2.94
3 23
3 12
3.37
3.24
2 55
2.47
3.61
4.14
3.88
4.58
3.36
2.58
4.10
2 85
3 62
2 56
3.26
2 96
3.41
4 04
5 65
3 55
3 43
3 78
3 66
3.81
3.12
2 88
3.63
4 15
3.74
3.97
3.49
4.43
3.52
2.94
3 24
3 13
3.38
3.30
2 56
2.47
3.62
4.18
3.90
4.58
3.38
2.58
4.13
2 87
3 67
2 57
3.30
2 gg
3.42
4 04
5 63
3 57
3 44
3 80
3 67
3.85
3.17
2 90
3.67
4 21
3.75
3.99
3.49
4.43
3.52
2.95
3 26
3 13
3.38
3 30
2 56
2.47
3.67
4.20
3.94
4.58
3.38
2.58
4.15
2 87
3 66
2 58
3.28
2 97
5 68
3 57
3 45
3* 79
3 66
3.89
3.19
2 91
3.70
4 19
3.74
4.00
3.51
4.39
3.55
2.94
3 29
3 16
3.39
3 33
2 56
2.47
3.71
4.21
3.99
4.60
3.44
2.58
4.23
2 87
3 67
2 58
3.29
2 57
3.30
5.224
7 314
1.64
1
3. 939
5.956
8 254
1 73
5.64
7 878
5.717
7 992
1 76
5.86
8 21
6.014
8 365
6.05
8 38
6.156
8 471
ICQ C3O
17O 8Q
10K KK
134. 13
118 Q1
m
209 05
142.00
1 K9
ioc ryj
' Preliminary.
i Includes adjustments not distributed by months.
ofTo-n^'™;*™T?Ve been..revised to reflect changes in accordance with Tax Reform Act
oi 1971 in personal exemptions and low income allowances effective retroactively to Jan. 1,
m
AA
99 «6
97 9
97 7
99.1
113.2
86.2
97 9
97 2
97 3
102.0
109.1
85.6
99 2
97 4
99 5
101.7
111.5
84.0
127.94
129. 03
129. 13
129.13
128.76
i o c 09
216 41
142.09
220 23
141. 69
216 23
143. 28
153 20
163.41
129 68
118. 00
157. 13
171.83
150. 42
164. 02
140. 80
172.82
142 80
115. 14
130 75
138. 24
114 53
104 75
89.82
159. 09
161.36
169. 66
199. 45
140. 94
96.68
176. 66
102 08
147 68
87.62
121. 77
103 66
225 38
144.00
154 71
163.44
131 61
118.37
157.03
172. 70
151.93
164.83
140.75
182.04
142 36
116.33
129 63
135.54
223 61
144.72
130.92
182 76
216 45
150. 18
1 5fi 88 162 70
162.96 168.75
129 92 130 15
118.37 121.88
155.45 155.58
173.96 184.50
153.47 159.83
166.04 174. 30
142.21 147. 24
182.48 196.35
144 18 147 70
117.32 120.48
73
m oo 133
142.51
136.34
108 79 inn QC 118 44
106 19 107 23 108 73
91.55
90.47
91.48
157.78 158. 15 162.64
160.55 160. 55 165.68
166.00 166.40 170.11
198.09 195. 77 196.70
140.48 141. 17 145.44
99.15 100.22 102.56
174. 56 175.80 179.05
101 85 101 56 103 31
148 06 148 85 152 74
89 00
87 10
86 84
122.47 122. 10 123.58
103 32 103 36 104 65
214 44
147. 66
159 58
165. 97
198 40
118.31
153. 78
184. 78
155. 59
170. 56
144.00
186.76
147 17
118. 81
132 16
140. 10
113 21
109 75
90.37
159. 64
161. 39
170. 56
201. 83
143. 72
101. 99
177. 51
103 06
151 27
88 31
126. 82
104 75
113.86
93.18
124 89
102.20
113.86
93.02
125 45
102. 49
113. 57
92.63
126 01
102. 78
115.28
93.65
130 25
105. 81
116. 18
94.30
130 09
105. 59
3.49
4 15
5.86
3.60
3.46
3.83
3.69
3.90
3.21
2.95
3.75
4.35
3.77
4.04
3.52
4.42
3. 57
2.96
3.31
3.18
3.38
3.03
2.58
2.53
3.77
4.28
4.03
4.66
3.48
2.62
4.33
2.90
3.72
2.60
3.30
3.04
3.49
3 92
5 90
3 60
3 46
3 82
3 69
3.91
3.21
2 93
3.73
4 35
3.77
4.04
3.51
4.44
3.55
2.96
3 29
3 17
3.38
3 02
2 59
2.52
3.73
4.27
4.00
4.65
3.46
2.63
4.31
2 91
3 72
2 60
3.31
3 03
3.48
3 g2
5 90
3 60
3 47
3 83
3 69
3.88
3.20
2 93
3.71
4 36
3.78
4.04
3.52
4.44
3.56
2.97
3 29
3 17
3.40
3 08
2 59
2.52
3.73
4.27
4.00
4.65
3.46
2.61
4.33
2 91
3 74.
3.51
4 27
5 93
3 69
3.55
3 93
3.79
3.98
3.19
2 98
3.74
4.50
3.87
4.16
3.60
4.62
3.62
3.05
3 36
3.24
3.51
3.29
2 62
2.55
3.80
4.36
4.06
4.65
3.53
2.65
4.41
2 91
3 79
2 61
3.34
3 06
3.54
4 32
5.99
3.71
3.58
3.95
3.81
3.98
3.21
2.98
3.76
4.54
3.88
4.16
3.60
4.60
3.67
3.07
3. 38
3.26
3.52
3.32
2.69
2.56
3.81
4.35
4.10
4.84
3.54
2.67
4.46
2.97
3 g2
2 66
3.40
3 09
Q7 0
179 *\3
198 88
19Q fi3
137.63
173 4.3
1 1Q 31
104. 8fi
146 43
89 78
122. 06
90.00
158.53
159. 47
164. 79
195.53
139.04
97.38
172.98
103 68
147* 63
89 18
123. 09
112.93
92.72
113.79
93.19
103 fi1
103 70
1 93 Q7
103 75
1 90
CK
101.78
101.27
3.43
3.45
4 10
5 75
3 56
3 43
3 79
3 66
3.88
3.19
2 94
3.73
4 29
3.75
4.02
3.50
4.37
3.55
2.95
3 27
3 15
3.34
3 19
2 57
2.50
3.73
4.23
3.99
4.59
3.45
2.59
4.25
2 88
4. O^
9 Q8
1 74.
3 70
9 QQ
m
79
6.185
8 515
99 2
97 9
98 0
100.6
112.9
85.0
1 R7 78
6.182
8 511
1 70
2 60
3.30
3 04.
6.182
8 511
____
6.228
8 551
129.92
102.4
100.1
97.6
99.2
121.5
89.9
130.64 131.73 132.83
181 02r Ig2 31 184 02
215 28 219 70 220. 43
149. 17 ' 151.13 152.69
161 17 163 59 165 21
' 170.49 r' 168.82 169.66
r 129 68 132 11 133 72
' 119.00 ' 121.00 121. 10
' 155.74 ' 159.68 160. 55
' 186.55 ' 188.70 189.47
157. 16 ' 159.54 162.35
' 173.47 - 175.56 177.66
' 145.52 ' 146.29 147.83
191.58 ' 194.69 196.88
r 149 08 ' 149.11 148. 03
' 119.95 ' 120.26 121. 27
r 133 28 ' 134 35 135 09
139. 79 ' 142.09 142.84
r HI 55 ' 113 56 114 23
111 11 ' 111 92 112. 61
'92.62 ' 92. 52 92.88
' 161.63 ' 163.24 164.82
162. 19 165.88 167.83
171.39 ' 171.39 173.05
202.03 ' 203.01 209.72
144. 08 ' 144.43 143.91
103. 95 ' 102.33 101.68
' 180.10 ' 181.75 182.11
r 103 11 ' 104.05 104.05
r 151 65 ' 152.04 152.82
88.98
' 87 78 '88.64
126. 14 ' 126.14 126.51
106.08
' 105 74 105 43
1 83 fiO '
6. 276
8 636
1 82
116.74 117.60
94.84
94.30
131 26 ' 132 79
106.03 ' 107.09
3.55
4 31
5.98
3 72
3.59
3.96
3.82
4.04
'3.21
'2.99
3.78
4.55
3.89
' 4. 19
3.62
4.65
'3.69
'3.06
'3.40
3.27
3.53
'3.37
2.71
' 2. 58
3.83
4.36
'4.12
4.88
3.54
2.70
'4.48
'2.98
'3 82
2 66
3.40
'3 11
3.57
'4.31
5.97
'3.75
'3.61
3.99
3.84
4.01
'3.23
'3.01
'3.82
'4.58
3.92
'4.21
'3.63
'4.68
'3.70
'3.06
'3.41
3.28
'3.57
'3.40
2.71
2.57
'3.85
4.40
'4.11
'4.88
'3.54
'2.70
'4.51
2.99
'3.82
' 2. 67
'3.40
3.11
6.319
8.742
6.333
8.763
118.47
95.31
134.00
107. 80
3.59
4.34
5.99
3.77
3.62
4.01
3.86
4.03
3.23
3.02
3.85
4.61
3.95
4.23
3.65
4.71
3.71
3.07
3.42
3.29
3.58
3.42
2.72
2.58
3.86
4.44
4.13
4.90
3.51
2.69
4.53
2.99
3.83
2.68
3.41
3.12
6.345
8.818
1.84
4 363
1971; data beginning Aug. 1971 also incorporate revised Consumer Price Index to reflect repeal
of the 7% auto excise tax.
c? Wages as of May 1,1972: Common, $6.387; skilled, $8.867.
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
Annual
May 1972
1971
Mar.
May
Apr.
June
July
1972
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HELP-WANTED ADVERTISING
Seasonally adjusted indext
1967=100__
LABOR TURNOVER
Manufacturing establishments:
Unadjusted for seasonal variation:
Accession rate, total
mo. rate per 100 employees..
New hires
do
Separation rate, total
do
Quit
do
Layoff
do
Seasonally adjusted:
Accession rate, total . _
do
New hires..
___do____
Separation rate, total
do
Quit
do
Layoff
do
INDUSTRIAL DISPUTES
Work stoppages:
Number of stoppages:
Beginning in month or year
number
In effect during month
do
Workers involved in stoppages:
Beginning in month or year
thous
In effect during month
__
do
Man-days idle during month or year
do
PLACEMENTS, UNEMPLOYMENT
INSURANCE
Nonfarm placements
thous
Unemployment insurance programs:
92
80
78
78
79
83
85
85
4.0
2.8
4.8
2.1
1.8
3.9
2.5
4.2
1.8
1.6
3.5
2.2
3.7
1.5
1.4
3.7
2.3
4.0
1.6
1.4
3.9
3.7
1.7
12
4.9
3.5
3.8
1.8
1.2
4.0
2.7
4.8
1.8
2.1
5.3
3.4
5.5
2.8
1.8
3.9
2.5
4.1
1.7
1.5
4.0
2.5
4.3
1.7
1.6
3.8
2.5
4.0
1.8
1.5
3.7
2.4
4.1
1.9
1.5
3.7
2.5
4.4
1.8
1.5
4.2
2.8
4.5
1.9
1.9
4 900
440
590
540
750
590
790
610
850
450
670
116
200
2,292
174
254
702
774
2,184
3 437
272
384
3,923
820
967
7,906
309
308
365
315
367
353
313
317
266
2 756
2 443
2 332
2,431
2,349
2,174
2,129
2 311
2,666
964
1,152
1,893
1,468
1,993
1,277
1,912
1,043
1,739
1,048
1,716
1,336
1,879
1,623 * 1, 643
2,221
2,524 r P 2,492
3.6
4.2
3.3
4.5
3.2
4.5
3.5
4.2
5 716
3 305
3 200
66, 414
45, 000
3 345
3 700
295
2 070
State programs:
Initial claims
do
15 387 P 15 337
1 805 TO 2 150
Insured unemployment avg weekly do
Percent of covered employment: cf
j>4 o
34
Unadjusted
Seasonally adjusted
Beneficiaries, average weekly ...
thous__
1,518 TO 1, 813
3 848 5 *4 957 0
Benefits paid
mil $
Federal employees, insure'd7 unemployment,
31
p34
Veterans' program ~(UCX):
?622
556
Initial claims
do
•p jgj
79
p Jig
Beneficiaries average weekly
do
75
203
2
Benefits paid
mil $
Railroad program:
3 091
fiftQ
18
Benefits paid
mil. $
38.7
9fi
75.7
26
80
80
81
85
85
4.8
3.8
3.3
2.5
1.6
3.8
1.2
4.1
2.5
4.0
1.7
33
2 7
43
19
15
22
37
15
15
3.9
2.5
3.9
1.7
1.7
36
2.4
4.0
1.7
1.4
41
41
420
660
330
540
166
472
4,505
2,841
5.3
2.9
15
88
286
1 265
2 577
1 111
2*283
2 001
4.8
3.9
2,339
4.3
4.0
38
3.6
4.4
3.8
4.0
1,769
434 5
1,714
446.7
1,459
425.4
1,472
433.6
1,328
377.8
4.2
87
90
3.7
P4.1
p28
p3 9
p19
P11
r 2 4
18
14
3.5
1.6
1i
14
3.9
2.7
4.4
1.9
1.4
4.4
2.9
4.2
2.0
1.3
4.5
'3.0
4.1
2.1
1.2
p4 6
P3.2
p4.3
p2.2
p 1. 2
290
540
280
490
180
360
300
460
290
455
360
540
210
300
249
455
4,229
27
243
4,444
79
154
2, 284
58
137
1,597
122
161
1,517
4, 507
2.7
1.9
3 097
4.2
3.8
4.8
3.4
1,280 P 1,352 P 1, 591
* 367.2 P406.9 'P 489.6
P 2, 136
p 550. 9
?3 122 p 2 922
P 2, 279
P4.7
P3.5
P4.3
P3.5
631 0
2,105
541 9
35
31
29
31
36
35
33
35
35
35
37
'P36
P34
57
128
128
51
121
122
45
113
110
54
114
115
53
120
112
54
120
116
48
106
107
43
97
95
59
118
*68
133
v 140
' 136
' P108
33 3
30 8
27.0
30.1
30.0
31.6
28.9
51
105
P95
25.0
26.1
29.2
P126
P30.0
on
1Q
4.6
oe
36
18
3.5
45
13
4.2
89
15
3.8
98
32
8.7
100
33
11.1
48
27
7.6
19
48
9.9
7
33
8.9
g
35
8.0
4
27
6.2
4
26
6.0
on
4.4
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
mil $
Commercial and finance co. paper, total
do
Placed through dealers
do
Placed directly (finance paper)
do
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total end of period
mil $
Farm mortgage loans:
Federal land banks
do
Loans to cooperatives
do
Other loans and discounts
do
7,058
31, 765
12 671
19*094
7,889
30, 824
11 418
19 408
7,174
31, 223
13 570
17, 653
7,301
31, 367
13 489
17, 878
7,494
31, 115
13 000
18, 115
7,645
29, 472
11, 736
17, 736
7,454
29, 746
11, 470
18, 276
8,377
30, 057
11, 948
18, 109
8, 148
29, 946
12, 304
17, 642
7,811
31, 205
12, 351
18, 854
7,889
7, 479
31,164 130,824
12,231 11,418
18,933 19,406
7,601
31, 857
12, 427
19,430
7,935
32, 247
12, 787
19, 460
7,985
32, 390
12, 778
19, 612
14 774
16 347
15 492
15 718
15 899
16 146
16 137
16 107
16,044
16 211
16 194
16, 347
16, 456
16, 684
17, 083
7,650
1,997
6,490
7,709
1, 942
6,456
7,766
1,942
6,336
7,971
2,098
6,387
8,039
2,149
6,766
8,139
2,267
6,677
7 187
2 030
5 557
7 917
2 076
6 354
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted: e
Total (233 SMSA's)O
_
bil. $__
New York SMSA . .
do
Total 232 SMSA's (except N.Y.)
6 otner leading SMSA 'si
226 other SMSA's .
90, 157
99, 523
90,681
66,795
335
62, 142
75, 821
70, 218
391
64,160
Gold certificate account
10,457
9,875
10,464
do
7 502
2 056
6,341
7 579
2,041
6,527
6,241.9 6,256.9 6,282. 7 6,486.8
2,588.2 2,592.2 2,606.3 2,691.0
3 653.8 3 664.7 3 676.4 3 795.9
Reserve bank credit outstanding, total 9 -do
Discounts and advances
_ . _ do
U.S. Government securities. ...
do
_
7 426
2,113
6,179
7,826
2, 030
6,355
7,870
2,076
6,248
7,917
2, 076
6,354
11,590.7 11,572.3 11,316.5 11,730.8 11,703.8 12,093.8 12,202.2 12,221.4 12,915.7 12,383.2 12,531.2 13,028.3 12, 788. 5
5 348.7 5,315.4 5,033.8 5,244.0 5,210.2 5,408.9 5,570.3 5,755.8 5,918.9 5,523.3 5,687.0 6, 013. 9 5,631.4
do
do _
do
Federal Eeserve banks, condition, end of period:
Assets, total 9
mil. $._
7 347
2 153
5,993
39
67, 387
7, 157. 1
2, 932. 9
4, 224. 2
6,996.9
2,945.2
4,051.6
93,755
95,256
93,698
99,523
96,551
94,126 '•96,849 P 98,198
71, 013
71, 150
75, 821
71, 219
70, 218
72,176
15
69, 552
9,875
9,875
9,475
6,684.8
2,783.7
3,901.2
6,631.9
2,757.5
3,874.4
91, 899
92, 154
69, 285
70, 094
90, 357
91,210
66,665
81
63,721
69,757
1,051
65,764
68, 565
446
65,518
778
65,841
858
66,868
67, 566
67, 205
71,004
146
67, 817
10,475
10,075
10, 075
10, 075
9,875
9,876
9,875
9,875
92,945
6,859.9 6,844.2 7, 014. 4
2,859.8 2, 803. 1 2,913.1
4,000.2 4, 041. 1 4, 101. 3
6,465.6
2,683.2
3,782.5
6,493.6
2,681.0
3,812.6
198
211
39
6
67,698
74, 365
74, 405
69, 928
70, 307
9,475
9,475
255
58
do
90 157
99, 523
90, 681
90, 357
91, 210
92, 945
91, 899
92, 154
93, 755
95,256
93, 698
99, 523
96,551
94,126 '96,849 p 98,198
Deposits, total..
Member-bank reserve balances
do
do_...
26,687
24, 150
31, 475
27, 780
27, 748
25, 895
26,949
24,735
27,604
25,494
26, 701
24, 540
27, 345
25, 311
27, 187
25, 409
28,467
25,422
28,441
25, 697
26,588
23,718
31,475
27, 780
29,471
25,650
27, 252 '30,527
25, 525 '27,869
30, 153
27, 416
Federal Reserve notes in circulation
do
51,386
54,954
50, 593
50,889
51, 485
52, 228
52, 619
52, 829
52,830
53, 121
54,186
54, 954
53,801
53,914
54, 478
Liabilities, total 9
.
' Revised.
p Preliminary.
1 Beginning Dec. 1971, data on new basis reflect inclusion
of paper issued directly by real estate investment trusts and several additional finance companies.
JMonthly data prior to 1969 will be available later. Revision for Nov. 1970 (1967=
100), 78.
§ Average weekly data include claims filed under extended duration provisions of
regular State laws.
cflnsured unemployment as % of average covered employment in a 12-month period.
54,340
© Series revised to reflect recalculation of seasonal factors and trading-day adjustment;
revisions for periods prior to Feb. 1971 will be shown later.
OTotal SMSA's include some cities and counties not designated as SMSA's.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland and Los
Angeles-Long Beach.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
May 19T2
Unless otherwise stated lit footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
| 1971
End of year
S-17
Mar.
May
Apr.
June
July
1972
Aug.
Sept.
Oct.
30, 455
30, 257
30, 802
30, 596
30, 860
30, 653
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FINANCE—Continued
BANKING— Continued
All member banks of Federal Reserve System,
averages of daily figures:
i 29, 265
Reserves held, total
- mil. $
Required
__ _ .
do_ _ i 28, 993
1272
Excess
__ _
_
do
1321
Borrowings from Federal Reserve banks. __ do
1-49
Free reserves _
_ _ _ _ _ _ _
__do_ __
131,329
i 31, 164
1165
1107
158
29 686
29,487
29,885
29, 745
30,419
30,107
199
140
312
319
—120
148
-8
330
-18
91, 683
82, 579
30,023
29,892
131
30,547
30,385
162
198
453
-322
820
-658
804
-606
83,813
84,699
30,953
30,690
31,329
31,164
501
-295
207
263
360
-153
407
-144
165
82,082
82,842
87,258
206
107
58
32 865 ' 31 922'31 921 ?32 623
32, 692 r 31 798 '31 688 32 416
'124
173
'233
207
20
'33
99
109
r
153
91
'134
98
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo.:
Deposits: J
Demand, adjustedd"
mil. $__
87, 739
82, 275
84,929
83,897
Demand total 9
do
Individuals, partnerships, and corp
do
State and local governments
___do_ __
U.S. Government
do
Domestic commercial banks
do
147, 355
103, 149
6,774
4 380
21, 704
152 699 146 456 141 474
106,885 99,253 97, 099
6,957
6,353
6 563
5 833
7 571
2 889
20, 880 24,703 20,750
143,627
100,713
7,228
2,718
22,042
152,972 139 736 145 012 141 160 144 435 149 106 152 699
102,131 97,285 99,588
96,333 100,492 103, 293 106,885
7,632
6,112
6,158
6,601
7,196
6,368
6 563
7 571
5 332
2 237
3 901
5 647
4 838
3 551
24,967 20,844 21,934
21,200 22,730 24,305 20,880
146 564 151 788 143 920 148 502
99,963 102, 735 100, 628 101, 536
7,714
7,311
6 575
7 165
r
4 531
3 518
5 579
8 614
22,211 26, 500 20, 190 20, 694
Time, total 9
Individuals, partnerships, and corp.:
Savings
Other time
do
119 443
140 932
129 128 129 293 131,110
131,856 132 932 134,161 136 161 137 160 138 217 140 932
142 532 144 286 144 863 147 119
do.
do
48, 035
51 650
54 542
61 274
52, 973
55 514
180 429
81, 693
8,560
13, 642
34 035
50, 906
192 238
83, 770
8,835
14 504
38 400
57 183
177 200 177 164 179 986 182 817 180 734 185 358 186 256 186 003 188 924 192 238 190 040 r 192 317 194 538 199 554
81,162 81,072 81,703 82,156
81,488 82,671 83,435 83,003 82,875 83,770 82,047 ' 82,597 83, 795 85,488
7,599
6,719
7,014
6,719
8,675
8,844 ' 9,765
7, 707
7,787
7,256
7,743
9,526 10, 629
8,835
13,617 13,204 13, 895 14,504 r 13,844 ' 14,397 14 773 14 673
13 270 13,306 13,974 14,879 13,808 14,038
34 560 34737 35096 35,675 36 177 36 734 37 206 37 557 38 049 38 400 r 38887 39 178 r 39 709 40 423
54 083 51 927 55 161 57 183 56 867 ' 57 031 58*866 59 229
48290 48993 50,924 50,141 50802 53,400
72 194
28, 061
21, 983
44 133
81 033
28', 944
24 605
52' 089
75 509
28, 060
22 384
47 449
75 672
26, 569
22 160
49 103
74872
25,453
21,
652
T
49 419
76,335
26,637
22,409
49,698
75 138
25,396
21,852
49 742
74228 75 160
24,921 ' 25, 080
22,113 22, 400
49307 50080
435 9
292 0
58.' 0
85.9
482 9
318 6
60.' 3
103 9
449 5
296 5
61.1
91 9
452 5
298 2
60.7
93 5
456.1
300 7
60.4
95.1
461.1
301.7
62.8
96.6
463.7
304 1
61.6
98 0
468 4
309 7
60.9
97 8
Loans (adjusted), totalcft
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.Notes and bonds
Other securities
_
do
do
do
do
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas, adj.:
Total loans and investments©
_
bil. $
Loans©
do
U.S. Government securities
do
Other securities..
_
_ _ , do
Money and interest rates: §
Bank rates on short-term business loans:
In 35 centers
_
percent per annum
New York City
do
7 other northeast centers
do
8 north central centers
7 southeast centers
.
8 southwest centers _ _
4 west coast centers
do
do
do
do
_
.
53,044
54779
53, 535
55,720
53,644
56,451
53,140
57 172
52,969
58,417
53, 313
59 737
472.4
313 0
59.9
99 5
53, 605
60 294
77 209
26, 187
23, 340
51 022
54, 124
60890
79 944
28, 298
24 566
51 646
91, 683
54 542
61 274
81 033
28,944
24605
52 089
87,329
55,869
61371
80 548
27,881
23,972
52667
' 477. 2 * 479. 8 ' 485. 7 r 491. 4
'317 0 '318 7 '320 6 '325 7
'59.1 ' 58. 8 '60.7
'59.7
' 101. 1 r 102 2 ' 104 5 ' 106. 0
86, 494
56, 578 57 616
62 085 "61 931
81 001
27, 927
23 782
53 074
28.48
2
8 22
8 86
2
2
2
6. 32
6 01
6 56
6.00
5.66
6.25
6.51
6.25
6.77
6.18
5.86
6.40
5.52
5.35
5.72
2
2
2
8. 46
8 44
8 52
2
8 49
2
2
2
6 30
6 62
6.46
6 38
5.95
6.37
6.17
6.12
6.46
6.77
6.64
6.54
6.13
6.47
6.43
6.21
5.37
5.87
5.79
5.39
2
81 492
27, 749
23 281
53 743
88, 996
57 295
62 610
81 179
27, 076
23 486
54 103
' 496. 6 '504 3
505 9
'328 5 r 333 3
334 8
'61.0
'62.2
62.4
' 107. 1 ' 108 7 108 6
2
Discount rate (N.Y.F.R. Bank), end of year or
month
percent--
91,037
5.50
2
4.75
4.75
4.75
4.75
4.75
5.00
5.00
5.00
5.00
4.75
4.75
4.50
4.50
4.50
2
8. 50
26.37
6.80
6.35
6.11
6.05
6.01
6.00
5.99
6.00
6.12
6.12
6.29
6.20
6.20
3
2
8. 27
8. 20
27.59
2
7. 54
7.52
7.47
7.37
7.34
7.36
7.33
7.38
7.38
7.51
7.50
7.60
7.58
7.67
7.63
7.68
7.62
7.65
7.56
7.62
7.51
7.62
6.45
7.45
7.35
'7.38
'7.31
7.37
7.29
0 pen market rates, New York City :
Bankers' acceptances (prime, 90 days)____do
Commercial paper (prime, 4-6 months)__do
Finance Co. paper placed directly, 3-6 mo. d o _ _ _ _
Stock Exchange call loans, going rate. . __do
37.31
37.72
37.23
37.95
34.85
35.11
3 4. 91
35.73
3.80
4.19
4.05
5.49
4.36
4.57
4.27
5.32
4.91
5.10
4.69
5.50
5.33
5.45
5.24
5.50
5.60
5.75
5.54
5.93
5.57
5.73
5.57
6.00
5.49
5.75
5.44
6.00
5.05
5.54
5.30
5.92
4.78
4.92
4.81
5.53
4.45
4.74
4.60
5.36
3.92
4.08
3.95
4.89
3.52
3.93
3.78
4.63
3.95
4,17
4.03
4.55
4.43
4.58
4.38
4.88
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent..
3-5 year issues _
do
36.458
3
7 37
34.338
s 5 77
3.323
4 74
3.780
5.42
4.139
6 02
4.699
6.36
5.405
6.77
5.078
6.39
4.668
5.96
4.489
5.68
4.191
5.50
4.023
5.42
3.403
5 33
3.180
5.51
3.723
5.74
3.723
8 01
mil. $ , 126, 802
137, 237
23, 604 125,047
26, 025 127,388
28,354
29, 704 130, 644
31, 606 133, 263
37, 237
35, 830
35, 253
36, 135
109 545
99, 168 100, 028
00, 692 101, 862
02, 848 104, 060 104, 973
05, 763 107, 097
09, 545
08, 826
08, 634
09, 481
Federal intermediate credit bank loans
do....
Home mortgage rates (conventional 1st mortgages):
New home purchase (U.S. avg.)
percent __
Existing home purchase (U.S. avg.)
do
4.50
CONSUMER CREDIT
(Short- and Intermediate-term)
Total outstanding, end of year or month
Installment credit, total
do
Automobile paper.
Other consumer goods paper
Repair and modernization loans.
Personal loans
By type of holder:
Financial institutions, total.
Commercial banks...
Finance companies
Credit unions
.
Miscellaneous lenders
Retail outlets, total
Automobile dealers
r
Revised.
1
.
__ _
.
101, 161
310
447
356
432
35, 028
28, 591
4,045
31, 504
35, 496
28,682
4,077
31, 773
35, 819
28, 706
4,126
32, 041
36,349
28, 976
4,186
32,351
36, 763
29, 165
4,240
32, 680
37, 154
29, 477
4,295
33, 134
37, 383
29, 840
4,330
33, 420
37, 759
30, 072
4,357
33, 575
38, 164
30, 586
4,370
33, 977
38, 310
32, 447
4,356
34, 432
38, 111
32, 096
4,319
34, 300
38, 239
31, 615
4,332
34,448
38, 762
31,682
4,354
34, 683
87 064
41 895
31 123
94 086
45 976
32 140
86, 015
41, 563
30, 326
86,805
42, 094
30, 369
87, 491
42, 482
30, 441
88, 544
43,011
30, 609
89, 458
43, 509
30, 906
90, 536
44, 112
31,098
91, 279
44,603
31, 133
91, 943
44,947
31, 331
92, 901
45, 396
31, 643
94, 086
45, 976
32, 140
93, 668
45, 878
31, 948
93, 955
45, 963
31, 979
94, 853
46, 415
32, 221
12 500
1 546
14 191
1 776
12, 509
1,617
12, 686
1,656
12, 874
1,694
13,206
1,718
13, 296
1,747
13, 570
1,756
13, 780
1,763
13, 875
1, 790
14, 052
1, 810
14, 191
1,776
14, 062
1,780
14, 126
1, 887
14, 328
1,889
14 097
'327
15 459
13, 153
13, 223
13, 201
13,318
13, 390
13, 524
13, 694
13, 820
14, 196
15, 459
15, 158
14, 679
14, 628
do
do
do
do
35 490
29, 949
4,110
31 612
38
32
4
34
do
do
.do
do
do
do
_ _ _ do«
360
325
330
* Preliminary.
Average for Dec. 2 Average for year. 3 Daily average.
cfFor 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
465-441 O - 72 - S 3
344
339
344
347
349
354
359
360
359
360
366
after deduction of valuation reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
^Revisions for months prior to Feb. 1971 will be shown later.
9Includes data not shown separately. ©Adjusted to exclude interbank loans.
§For bond yields, see p. S-20.
SURVEY OF CURRENT BUSINESS
S-18
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
May 1972
1972
1971
1971
Annual
Apr.
Mar.
May
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
25 526 25 506 25 644
9,862
9,997
9 854
8 512 8 498 8 633
1 350 1 356 1,364
25 671
10, 061
8,694
1,367
25 843
10, 097
8,722
1,375
26 166
10,182
8,795
1,387
27 692
10,' 300
8,916
1,384
27 004
10, 324
8,937
1,387
26, 619
10,433
9,008
1,425
26,654
10, 511
9,083
1,428
8,305
6,101
2,204
7,305
8, 435
6,269
2,166
7,311
8,634
6,482
2,152
7, 350
9,818
7,597
2,221
7,574
8,929
6,719
2,210
7,751
8,141
6,008
2,133
8,045
8,011
5,969
2,042
8,132
11, 966
8,766
2 470
3,297
2,999
8,902 10,951
2 762
3 358
^ 926 3,727
3,214
3,866
9,094
2 634
3', 407
3,053
10, 104
2 835
3,660
3,609
June
July
Aug.
FINANCE—Continued
CONSUMER CREDIT— Continued
Outstanding credit— Continued
OK nio 25 333
9 676
9 765
8 425
8 350
1 326 1*340
Single-payment loans, total
Commercial banks
Other financial institutions
do
do
do
25 641
9*484
8 205
1 279
Charge accounts total
Retail outlets
Credit cards
Service credit
do
do
do
do
8 850
6 932
1,918
7,307
9 818
7 597
2 221
7,574
7 207
5 316
1,891
7, 672
Installment credit extended and repaid:
Unadjusted :
104, 130
Extended, totaL__
_ _ _ _ _ _ _do
Automobile paper
do_ __ 29, 831
36, 781
Other consumer goods paper
do
37 518
All other
do
117, 638
34, 638
40,979
42, 021
3,076
3 425
10, 079
3, 100
3,363
3 616
101, 138
30, 943
34,441
35, 754
109, 254
31, 818
38, 481
38,955
9,651
2,915
3,413
3,323
9,533
27 692 24 436
9,557
10 300
8 249
8 916
1 384 1,308
9,575
8 004 8 214
6 199
6 046
1 958 2,015
7,450
7,564
8 271
6 173
2,098
7,381
8 305
6,120
2,185
7,342
9, 562
2,883
3,148
3 531
10,667
3,301
3,538
3 828
10, 098
10,300
9,849
9,797
10,711
3,415
3,651
3,465
3,769
3,454
3,468
3,423
3,337
3,737
3,869
9,219
2,632
3,272
3,315
8,898
2,560
3,124
3,214
9,497
2,771
3,268
3,458
9, 112
2, 618
3,226
3,268
9,088
8,936
9,007
3,153
3,260
3,091
3,147
9,751
9,715
7 689
5 774
1 915
7,654
Repaid, total
Automobile paper
Other consumer goods paper
All other
Seasonally adjusted:
Extended, total.
_____
do
_do
__do
do
Other consumer goods paper
All other
do
do
3,210
3, 426
3,415
3 464
9,690
2 75.fi
3,295
3 639
3,433
3,444
9,675
2 773
3,399
3,503
10, 049
3 004
3,465
3,580
10, 156
3 147
3,462
3,547
Repaid, total—
____________do
Automobile paper
___do
Other consumer goods paper
do
All other
„
do
9,038
2,696
3,164
3,178
9,088
2,566
3,249
3,273
9,197
2,640
3,211
3,346
9,190
2,678
3,233
3,279
8, 914
2,565
3,203
3,146
9,222
2,697
9,157
2,732
3,263
3,253
do
FEDERAL GOVERNMENT FINANCE
Budget receipts, expenditures, and net lending:
Expenditure account:
Receipts (net)
mil. $
Expend occt surplus or deficit (— )
Loan account:
Net lending
do
2
1 193 743 1188 392 13,205
1 194 460 1210 318 18, 328
i
716
21 927 -5, 123
2 128 i i 107
do
i
Budget surplus or deficit ( — )
Budget financing total
do
do
i __2 845
i 2 845
Reduction in cash balances
do
Held by the public
do
Budget receipts by source and outlays by agency:
Receipts (net) total
mil $
Individual income taxes (net)
do
Corporation income taxes (net)
do
Social insurance taxes and contributions
(net)
.._.mil. $..
Other
do
do
Surplus or deficit (— )
_
do...
-297
-49
-306
780
5,061
4,125
9 700
9 ftQd
3,191
3,155
3,223
3,454
3,200
3,684
9,485
2 669
3,648
3,168
10, 031
2,992
3,467
3,572
10, 572
3 162
3,595
3,815
10, 130
2 973
3,604
3,553
10, 184
2,978
3,706
3,500
10, 339
3,046
3,698
3,595
10,996
3,143
3,921
3,932
9,107
2,634
9,306
2,662
9,230
2,696
3, 188
3,346
9,547
2,761
3 501
3,285
9,373
2,693
3 408
3^272
9,632
2,693
3 422
3,517
3
O1Q
3,254
9,377
3,390
19,710 12,462 14,945
18, 265 18, 677 18, 798
1,444 -6, 215 -3, 852
9,518
17,213 17, 596 15, 239 15, 237
17, 085 19, 226 18, 589 20, 000
128 -1,630 -3,350 —4, 763
-115
69
-149
-399
-243
—327
-175
1,513 -6, 330 -4,002
-271 -1,873 -3, 525 —5, 090
6,330
-1,513
4,002
271
1,873
5,090
3,525
1,407
-2,003
r 1
2,590
8,482
134
3,795
4,923
1,739 '3,524
490
1,412 -8, 211
1,295
422, 163 421, 878 424, 555 434, 350 432,607 434, 344 437, 553
313, 406 314, 812 317,402 325, 884 326, 018 326, 019 329, 814
21, 024
9,630
4,015
13, 190
3,846
623
22, 508
9 867
6 447
13, 198
6,519
879
15, 652
6,920
453
19,710
9,192
4,306
™All
6,282
736
14, 945
7,455
512
17, 213
7,096
4,927
i 45, 298 i 48, 578
i 25, 203 i 26, 798
3,990
4,971
6,366
3,764
2,430
3,464
9 ^3fi
5,996
2 282
3, 784
2 428
2,983
2 460
4,120
2 858
2,642
o sin
18 646
320
6 309
17 818
271
6 041
17 152
437
5 809
19 965
'266
7 rqn
18, 556
2,054
5, 047
19, 582
1,432
5,482
18, 196
680
5,764
18, 791
1,406
5,886
18, 947
1,094
5,996
17, 484
1,120
6 386
5 374
1,869
333
962
5 226
1,816
252
881
5 143
1,819
274
874
1 Q3
5 418
1,739
377
796
5,488
1,837
291
893
5,452
1,893
273
755
5,654
1,564
266
830
5,761
1,931
286
818
5 571
1, 774
285
893
i 8 307
m
XOK
i 8 560
1 7 A' Rd.fi
1 Q 7^fi
Receipts and expenditures (national income and
product accounts basis), qtrly. totals seas. adj.
at annual rates:
Federal Government receipts, total
bil. $_.
Personal tax and nontax receipts
do
Federal Government expenditures, total.. _do
Purchases of goods and services
do
National defense
do
Transfer payments
_
....do
Grants-in-aid to State and local govts____do
Net interest paid
do
Subsidies^ less current surplus of government
enterprises
bil $
-270
2
13, 205
3,366
3,523
1 52, 338
do.. _ i 19, 510 120,991
do
13,749 13,381
Indirect business tax and nontax accruals.do
Contributions for social insurance.
do ...
-49
22, 508 13, 198 15, 652
19 669 18, 507 19, 276
2 840 -5,309 -3,624
q -IAK
1 193 743 1 188 392
i go 412 i 86 230
i 32 829 126 785
Health, Education, and Welfare Department
Treasury Department
.
National Aeronautics and Space Adm
-318
21, 024 13, 190
17, 769 16, 882
3,255 -3,692
9 838
—23 033 -5,441 3,206 -3,961 2,543 -5,358 -3, 930
3,930
3,961 -2,543 5,358
i 23 033 5,441 -3, 206
6,854
2 ]Q7
4,226
675
1 H 1Q7
1 1Q /Li8
—271
311
-2,924
1,132
4,766
i
3
794
-2,
935
1,764
-2, 232
i 2 552
i 382 603 409 468 403, 863 403, 742 408, 736 409 468 415, 677 424, 990
i 284*880 304 3°8 302, 713 302,442 304, 638 304 328 308, 554 315, 408
1 1 0R f\8S
Agriculture Department
OQ7
q (YV7
9 one
7
1,744
245
4,350
1 928
19,469
1,040
5,967
18, 764
636
6 107
20, 327
354
6,872
5,897
1,892
259
1,020
6 013
1,856
276
861
6,179
1,900
310
1,042
221.4
96.0
71.4
77.8
29.5
13.3
224.6
97.6
70.2
228.7
100.3
71.4
30.2
13.9
31.6
13.8
'235.5
' 104. 9
'75.8
r 79 4
'32.2
'13.1
4.8
4.8
4.9
'5.8
.0
.0
.0
.0
on 7
25 7
p— 13 3
197.7
87.6
20.7
55,1
19.9
55.5
205.1
97.2
75.4
63.4
24.4
14.6
221.9
97.6
71.4
75.9
29.6
13.7
212.7
96.4
72.6
69.6
27.0
14.0
6.5
51
.0
—16 2
5,740
I QSfi
3,615
1 967
v 222. 1
'105.4
*>34.6
'20.3
*>61.8
196.5
86.6
q.4 i
1q A
15,237
3,905
4,722
203.0
93.0
32.1
20.7
57.2
198. 8
89.0
33 g
20.3
56.0
Q
15, 239
6,846
666
197. 8
88.8
33.2
19.7
56.1
191.5
92.2
30 6
19.3
49.3
F
17,596
10,944
1,070
78 1
oq 7
LIFE INSURANCE
Institute of Life Insurance:
Assets total all TJ S life insurance cos
Government securities
Corporate securities
Mortgage loans, total
Nonfarm
bil $
do
do
do
do
Real estate
Policy loans and premium notes
Cash_._ _ _
Other assets
do
do
do
do
207
11
88
74
68
25
07
52
38
73
6 32
16 06
1 76
9.15
57
13
43
60
00
211.50
11.02
92 63
74.52
68.97
212. 70
10.95
93.76
74.54
68.99
213 41
10.95
94 20
74.55
69.00
214 28
10.79
95 03
74 54
68.97
215. 28
11.03
95.68
74.58
69.02
216. 44
11.08
96.43
74.71
69.12
217 49
11.00
97 20
74 80
69.21
218. 26
11.02
97.78
74. 86
69.27
219. 35
11.15
98.44
74.90
71.31
221 57
11 13
99 43
75 60
70 00
223 31
11.32
101 35
75.52
69.98
224 74
11.34
102 82
75.46
69.94
7 10
17 03
1 78
9.52
6.48
16.29
1.56
8.99
6.54
16.37
1.37
9.18
6.59
16 44
1.40
9.29
6 64
16 52
1.46
9.31
6.73
16.59
1.38
9.29
6.75
16.68
1.44
9.35
6 81
16 78
1.46
9.44
6.88
16.85
1.45
9.42
6.95
16. 95
1.53
9.43
7 10
17 03
1.78
9.52
7.10
17.07
1.51
9.44
7.00
17.13
1.47
9.51
221
11
99
75
70
'1 Revised.
* Preliminary.
Data shown in 1970 and 1971 annual columns are for fiscal years ending June 30 of the
respective years; they incltde revisions not distributed to months.
9 Includes data for items not shown separately.
Apr.
May 1972
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1 1971
Annual
S-19
1972
1971
Mar.
May
Apr.
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FINANCE—Continued
LIFE INSURANCE-Continued
Institute of Life Insurance— Continued
Payments to policyholders and beneficiaries in
U S total
- mil. $
Death benefits
do
Matured endowments
__do_ __
Disability payments
do
Annuity payments
do
Surrender values
_ _ _ do_ _
Policy dividends _ _ __ _
..do
16, 449. 4 17, 177. 2 1,571.7 1, 414. 4 1, 353. 7 1, 430. 0 1,326.7 1, 348. 6 1,466.5 1, 392. 7 1, 354. 8 1,918.9
702.0
605.3
608.9
7, 017. 3 7, 423. 3
567.8
638.1
709.5
611.1
609.5
635.7
592.8
95.6
77.6
978.3
990.2
80.9
80.8
81.9
83.5
87.7
85.4
73.7
76.3
23.0
23.8
23.6
21.2
232.9
20.1
21.3
256.8
25.2
20.1
19.9
19.7
166.7
156.1
157.4
168.6
163.
5
1, 757. 1 1,944.4
181.
1
161.3
161.0
164.9
164.2
2, 886. 4 2, 881. 6
275.6
224.9
232.9
264.1
233.0
230.3
249.7
234.3
241.6
243.5
308.0
321.
8
677.1
3, 577. 4 3,680.9
268.9
278.8
267.2
239.5
257.4
284.7
275.3
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :t
Value, estimated total
-...mil. $.. i 193,574
Ordinary (incl. mass-marketed ord.)
do. _ 123, 272
163,690
Group
do
Industrial
.
do
6,512
Premiums collected:
Total life insurance premiums
do
19, 940
Ordinary (incl. mass-marketed ord.) -_do_ _. 14, 912
Group
do
3,753
Industrial—
_
_.
do
1,275
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of period)... mil. $.. 10, 732
Net release from earmark§
do
-615
Exports
thous $
37, 789
Imports
do
237,464
Production:
South Africa.
mil. $_. 1, 128. 0
Canada
do
81.8
United States
__ „_
do_
Silver:
Exports
___thous. $_. 27,613
Imports
do
64, 957
Price at New York
dol per fine oz
1.771
Production:
Canada
thous fine oz1
Mexico _
do
United States
do
47,483
Currency in circulation (end of period)
bil. $__
Money supply and related data (avg. of daily fig.) :©
Unadjusted for seasonal variation:
Total money supply_._bil. $_.
Currency outside banks
_
do
Demand deposits
do
Time deposits adjusted^
do
U.S. Government demand deposits^
do
Adjusted for seasonal variation:
Total money supply
do
Currency outside banks
do.
Demand deposits .
do
Time deposits adjusted^
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:!
Total (233 SM S A's) O ratio of debits to deposits
New York SMSA
._ .
do
Total 232 SMSA's (except N.Y.)
_.do
6 other leading SMSA's cT~ -do
226 other SMSA's..
do
186,634
131,319
47, 948
7,365
16,781
12, 018
4,116
647
16, 360
11, 059
4,551
750
14, 800
10, 572
3,523
705
16, 380
11, 372
4,383
625
14, 175
10, 347
3,265
563
17, 495
10,814
6,079
602
15,718
10, 624
4,495
599
14, 777
10, 894
3, 243
640
15, 096
11, 741
2,780
575
20,237
13, 409
6,301
527
13,858
9,894
3,366
598
14, 996
11, 334
3,020
642
19,046
13,421
4,953
672
10, 132
-889
51, 249
283, 948
10, 732
-76
9,774
20, 296
10, 732
-38
2,614
20, 795
10, 332
-352
10, 430
35, 386
10, 332
-62
3,564
18, 469
10, 332
-50
1,955
7,259
10, 332
-262
2,861
48,001
10, 132
2
434
22, 732
10, 132
0
97
23,083
10,132
—1
84
23,192
10, 132
5
1,586
16, 163
10, 132
0
522
15, 119
9,588
-544
1,117
19, 390
9,588
38
23, 831
27, 714
1,098.4
77.2
94.3
6.7
91.9
6.5
91.5
6.7
92.0
6.7
93.4
5.8
92.3
6.3
91.3
6.1
93.4
6.3
91.7
6.6
85.7
5.9
87.8
6.0
81.2
5.9
19, 499
49, 507
1.546
3,273
5, 204
1.669
2,661
5,907
1.726
1,527
2,900
1.667
1,269
3,785
1.608
913
3,645
1.581
651
4,655
1.587
1, 580
4,134
1.421
237
3,219
1.336
212
4,167
1.320
1,382
3,878
1.394
864
5,304
1.473
1,499
4,696
1.504
41, 030
4,699
3,535
3,985
3,867
1,016
1,718
2, 741
4, 067
3,499
3,287
3,257
3,976
61.1
59.4
59.8
9,588
10,574
4,689
1,536
60.4
57.1
61.1
56.3
56.6
57.4
58.4
58.6
58.9
58.8
59.2
60.6
210.0
47.7
162.3
208.2
6.4
224. 1
51.1
173.0
253.8
6.4
217.5
49.5
168.0
246.2
5.5
222.3
50.1
172.3
248.5
5.5
219.9
50.5
169.4
251.4
7.8
223.7
51.0
172.7
253.8
5.3
226.0
51.9
174.1
255.5
6.8
224.9
51.9
173.0
258.1
6.8
226.2
51.9
174.3
260.3
7.5
227.5
52.2
175.3
264.1
5.3
229.6
52.8
176.9
265.5
3.9
235.1
53.5
181.5
269.0
6.7
235.3
52.6
182.7
273.7
7.2
231.3 » 236. 2
229.0
53.2
53.5
52.6
182.7
178.1
176.4
283.1
277.3 '280.8
7.6
7.2
7.' 7
219.7
50.0
169.7
245.4
221.2
50.5
170.7
248.1
223.8
50.8
173.0
251.3
225.5
51.1
174.5
254.4
227.4
51.6
175. 8
256.4
228.0
51.7
176.3
257.3
227.6
51.9
175.7
259. 6
227. 7
52.2
175.5
263.3
227.7
52.2
175.5
265.3
228.2
52.5
175.7
269.9
228.8
52.8
176.0
274.4
231.2
53.2
178.0
278.1
80.3
182.5
54.2
78.6
44.5
79.8
182.4
54.0
78.4
44.2
77.8
174.3
53.9
79.2
44.0
80.4
184.0
55.2
81.3
45.0
80.0
184.4
55.0
80.4
45.0
81.6
189.0
55.9
82.8
45.4
82.2
190.6
55.6
82.3
45.2
82.6
199.5
54.3
80.0
44.2
86.4
203.7
58.1
87.2
46.7
83.7
196.1
57.3
85.2
46.4
83.9
205. 3
56.3
82.0
46.2
84.5
205.1
56.2
82.6
45.8
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
Net profit after taxes, all Industries
mil. $
28, 572
Food and kindred products
do
2,549
Textile mill products
._
do
413
Lumber and wood products (except furniture)
mil. $..
304
Paper and allied products
,
do
719
Chemicals and allied products
do
3,434
Petroleum refining
do
' 5,893
Stone, clay, and glass products
do
627
Primary nonferrous metal
do
1,297
Primary iron and steel. .
do
692
Fabricated metal products (except ordnance,
machinery, and transport, equip.)
mil. $
1,066
Machinery (except electrical)
do
2,689
Elec. machinery, equip., and supplies.. _ do
2,349
Transportation equipment (except motor
vehicles, etc.)
mil. $
593
Motor vehicles and equipment
__ _ do
1,424
All other manufacturing industries
do
4,522
Dividends paid (cash) , all industries
do _
15,070
Electric utilities, profits after taxes (Federal Reserve)
.__
mii. $
r233.5 » 235. 1
54.0
53.7
181.1
179.9
282.8
279.9
83.0
195.2
57.2
83.3
47.0
31,029
2,754
558
6,995
612
93
8,525
700
151
7,538
739
139
7,971
703
175
603
501
3,778
5,829
853
621
748
88
128
907
1,524
69
210
204
160
156
1,015
1,390
289
256
351
190
141
954
1,508
283
64
22
165
76
902
1,407
212
91
171
1,070
2,489
2,555
226
520
542
330
648
663
312
616
633
202
705
717
585
3,097
4,990
15,251
101
867
903
3,805
182
937
1,298
3,882
185
406
1,347
3,481
117
887
1,442
4,083
88,666
105,233
11,070
7,244
6,969
10,994
9, 316
9,346
9,445
9,410
10,569
6,911
7,115
7,248
6,556
80, 037
30, 315
7,240
1,390
* Preliminary. 1 Includes $17.2bil. S GLI.
92, 272
32, 129
9,291
3.670
9,777
2,782
982
311
5,825
2,623
882
537
6,337
2,638
579
54
9,661
3,042
1,228
104
7,120
1,951
669
1,527
8,659
1,844
418
270
8,250
2,573
1,030
165
8,687
2,665
637
86
9,300
2,436
1,999
270
5,710
2,473
1,032
169
6,283
2,319
529
303
6,210
-2, 277
844
194
5,580
2,253
694
282
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
By type of security:
Bonds and notes, total
Corporate
Common stock
Preferred stock
' Revised.
mil.$._
do
do
do
do
§0r increase in earmarked gold (—). eBeginning Jan. 1972 SURVEY, data reflect corrections
to the latest benchmark levels available to nonmember banks and changes in seasonal factors. Revised monthly data back to 1964 will be shown later. IFAt all commercial banks
JS.eries revised to reflect recalculation of seasonal factors; revisions for periods prior to Feb.
1971 will be shown later O Total SMSA's include some cities and counties not designated as
SMSA's. cflncludes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, anp
Los Angeles-Long Beach.
SUKVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1972
1971
1971
Annual
May 1972
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FINANCE—Continued
SECURITIES ISSUED-Contintsed
Securities and Exchange Commission— Continued
Estimated gross proceeds— Continued
By type of issuer:
Corporate, total 9 -.
mil. $
Manufacturing
do
Extractive (mining)
do
Public utility do
Transportation!
do
Communication
do
Financial and real estate
do
Noncorporate, total $
_
do
IT S. Government
do
State and municipal _
do
State and municipal issues (Bond Buyer) :
Long-term
Short-term.
4 042
1,135
109
1 267
3 271
789
100
588
4 375
1,206
174
1 055
4,147
582
111
732
2,532
474
97
849
3,768
1,146
90
1,070
3, 387
662
87
934
3,704
811
129
1,217
3,673
980
73
891
3,151
378
105
529
3,315
521
61
988
3,229
604
189
740
161
532
1,038
335
273
591
339
405
876
297
218
813
219
1,622
643
88
359
511
149
282
704
190
432
848
152
269
963
232
352
845
269
749
919
124
498
1,025
105
227
1, 112
60, 143
17 325
24, 370
4,995
517
2,104
3,202
467
1,859
3,698
466
2 114
6,619
2 779
1,988
5, 169
1, 153
1,951
6, 815
3,228
1,850
5, 677
1,698
2,044
6,022
2, 455
1,679
6,864
3,254
2,286
3,237
443
2,058
3,964
529
1,737
3,933
539
1,942
3,327
586
2,185
24, 370
26, 281
2,104
2,453
1,859
2,482
2 114
1,840
1,988
2,932
1,951
1,353
1,850
1,882
2,044
2,781
1,679
1,843
2,286
2,785
2,058
2,492
1,737
1,594
1,942 ' 2, 185
1,752 ' 3, 407
i 6,835
16,000
J835
1
1,298
5 392
4,531
861
1 183
5 598
4 776
822
1 206
5 701
4 874
827
1 235
5 783
4 976
807
1 263
5 860
5,050
810
1 183
5,917
5,121
796
1,206
5,990
5,208
782
1,237
6,016
5,238
778
1,204
5,995
5,198
797
1, 209
6,835
6,000
835
1,298
6,850
5, 989
861
1,313
6,427
6,477
950
1,327
1
387
1, 837
465
2,333
445
2, 216
431
2 084
415
2 023
410
1,841
405
1,838
364
1,734
393
1,765
412
1,758
387
1,837
448
2,040
434
2,108
65.0
80.0
65.8
82.8
65.0
80.4
63.7
75.6
63.5
74.8
63.2
74.0
63.4
77.4
64.2
81.7
65.2
84.7
66.4
84.1
66.5
83.5
67.1
84.6
66.7
83.8
'66.2
84.1
65.1
82.5
65.72
67.94
65.84
60.52
67.70
67.57
U.S. Treasury bonds, taxable^
do
Sales:
Total, excl. U.S. Government bonds (SEC):
All registered exchanges:
Market value
mil $ 4, 763. 24 8,803.91 766. 76 766. 33 761.07 667. 64
6, 299. 55 10,157.90 879. 80 877. 60 891.08 798. 59
Face value
do
66.16
67.33
69.35
70.33
70.47
68.80
68.79
68.32
68.43
67.66
603.44
702. 54
678.46
789. 84
758. 11
861. 07
773. 19
851. 32
743.05
815. 80
872.36
979. 30
963. 66 862. 43
.,011.89 903. 78
564 20
646. 00
627. 76
718. 02
694. 85
769. 97
704. 31
766. 77
683. 91
745.08
803. 14
890. 20
866. 66
896. 11
do
do
38 945
10, 513
2 093
11 017
45 090
11, 578
1 283
11 800
6,075
2,417
111
1 452
2,260
5 136
5,517
2,418
5 819
8 814
49, 721
14, 831
17, 762
17, 762
17, 880
2,020
1,402
SECURITY MARKETS
Stock Market Customer Financing"1
Margin credit at brokers and banks, end of month,
total
mil $
At brokers
do
At banks
do
Other security credit at banks
do
Free credit balances at brokers:
IVtarsin accounts
do
Cash accounts
do
1
Bonds
Prices:
Standard & Poor's Corporation:
High grade corporate:
Compositecf
__dol. per $100 bond-Domestic municipal (15 bonds)
do
New York Stock Exchange:
Market value
Face value
do
do
61.5
72.3
4, 328. 33
5, 554. 92
8,009.57 682.48
9,080.68 767.53
688. 22
782. 02
690. 89
793. 11
613. 16
727. 51
770. 82
804. 49
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $_. 4,494.86 6,563.82 600. 80 615. 41 574. 79 509. 87 444.24 489. 80 478.40 530. 42 497. 11 639.34 596. 42 521. 85 569.24
Yields:
7.66
7.75
7.68
7.77
7.66
7.97
8.03
7.84
7.88
8.12
8.51
8.14
8.14
7.94
7.86
Domestic corporate (Moody's)
percent..
By rating:
7.24
7.25
7.26
7.19
7.27
7.44
7.39
7.53
7.21
8.04
7.59
7.64
7.64
7.39
7.25
Aaa__
do
7.53
7.57
7.62
7.52
7.56
7.84
7.69
7.81
7.73
7.93
8.31
7.74
7.96
7.96
7.78
Aa__»
«_
do
7.66
7.81
7.70
7.70
8.04
7.88
8.14
7.96
7.97
8.20
8.21
8.56
8.03
A
...
.
. __do
7.99
8.24
8.38
8.23
8.23
8.38
8.62
8.59
8.46
8.48
8.76
9.10
8.75
8.76
8.56
8.45
Baa._ - .
_ do _
By group:
7.35
7.42
7.34
7.39
7.46
7.64
7.36
7.68
7.58
7.80
7.85
8.26
Industrials. ...
.do
7.80
7.57
7.43
7.81
7.92
7.84
7.96
7.85
8.12
8.04
8.23
8.30
8.08
8.34
8.67
8.39
8.13
8.05
Public utilities
do
8.03
8.12
8.00
8.13
7.98
8.40
8.39
8.39
8.48
8.25
9.04
8.46
Railroads..
_ _ _ _ _ __do
8.43
8.38
8.37
8,20
Domestic municipal:
Bond Buyer (20 bonds)
Standard & Poor's Corp. (15 bonds)
U.Sc Treasury bonds, taxable©
do
do
do
515. 14
7.71
7.30
7.57
7.74
8.24
7.42
7.87
8.04
6.34
6.50
5.46
5.70
5.15
5.44
5.69
5.65
5.70
6.14
6.19
6.22
6.05
6.31
5.39
5.95
5.24
5.52
5.11
5.24
5.44
5.30
5.02
5.36
5.35
5.25
5.29
5.33
5.40
5.30
5.20
5.45
6.59
5.82
'5.71
5.75
5.96
5.94
5.91
5.78
5.66
5.46
5.44
5.62
5.62
5.67
5.66
5.74
Stocks
Dividend rates, prices, yields, and earnings, common stocks (Moody's) :
Dividends per share, annual rate, composite
dollars..
Industrials
do
Public utilities
do
Railroads
___
...do
N.Y. banks..
do .
Property and casualty insurance cos.
do
Price per share, end of mo., composite
do _.
Industrials
do
Public utilities
,.__
_
do
Railroads
.do .
8.99
9.76
4.69
3.92
6.77
10.44
8.81
9.50
4.77
3.78
7.28
10. 62
8,84
9.55
4.75
3.82
7.28
10.57
8.85
9.57
4.78
3.82
7.28
10.57
8.85
9.55
4.78
3.85
7.28
10.57
8.85
9.57
4.78
3.84
7.28
10.57
8.82
9.53
4.78
3.84
7.28
10.57
8.77
9.43
4.78
3.84
7.28
10.66
8.76
9.43
4.78
3.84
7.28
10.70
8.75
9.41
4.78
3.84
7.28
10.70
8.73
9.39
4.79
3.49
7.28
10.70
8.73
9.39
4.81
3.51
7.31
10.77
8.75
9.42
4.83
3.51
7.31
10.79
8.78
9.45
4.83
3.58
7.31
10.91
8.79
9.45
4.86
3.58
7.31
10.91
8.80
9.49
4.86
3.58
7.31
10.99
226. 70
270. 83
79.06
65.61
261. 43
318. 75
84.16
85.12
268. 58
326. 01
89.49
80.28
277. 35
339. 59
85.82
87.10
263. 90
324. 75
81.51
83.44
261. 94
320. 58
84.95
84.56
251.35
305. 79
83.31
81.86
262. 95
322. 28
79.70
93.50
261. 31
320. 26
78.81
93.32
251. 49
306.25
82.41
86.56
251. 26
306. 87
79.80
82.15
271. 78
333.51
85.56
92.07
276. 91
341. 04
84.18
95.27
281. 04
348. 64
81.48
94.21
285. 67
354.30
80.77
95.75
286. 59
356. 26
77.94
94.88
Yields, composite
percent..
Industrials
do
Public utilities ....
do
Railroads
_ _ do
N.Y. banks. _ ___
do
Property and casualty insurance cos
do
3.97
3.60
5.94
5.97
4.03
4.02
3.37
2.98
5.67
4.44
4.14
3.25
3.29
2.93
5.31
4.76
3.74
3.23
3.19
2.82
5.56
4.39
3.95
3.27
3.35
2.94
5.86
4.61
4.26
3.35
3.38
2.99
5.63
4.54
4.39
3.15
3.51
3.12
5.74
4.69
4.46
3.15
3.34
2.93
6.00
4.11
4.34
3.08
3.35
2.94
6.07
4.11
4.31
3.11
3.48
3.07
5.80
4.44
4.19
3.31
3.47
3.06
6.00
4.25
3.97
3. 33
3.21
2.82
5.62
3.81
3.84
3.27
3.16
2.76
5.74
3.68
3.88
3.28
3.12
2.71
5.93
3.80
3.91
3.24
3.08
2.67
6.02
3.74
3.58
3.14
3.07
2.66
6.24
3.77
3.43
2.90
Earnings per share (indust., qtrly. at ann. rate;
pub. util. and RR., for 12 mo. ending each qtr.) :
r
Industrials
_
dollars
15 30 r 17.53 17.08
P 7 01
Public utilities
do
6 91
6 89
Railroads,.
do. .
3.09
'3'. 93
3.53
T
Revised. v Preliminary.
* End of year.
*New series; more detailed information
appears in the February 1972 Federal Reserve Bulletin.
9 Includes data not shown separately.
§ Beginning April 1971 SURVEY, data restated to include "other transportation" in addition to railroad data formerly shown.
18.31
' 6.88
4.04
15.05
7.10
4.32
'19.86
18.60
r P 7. 14
• ' 3. 93
cf Number of bonds represented fluctuates; the change in the number does not affect the
continuity of the series.
^Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
G For bonds due or callable in 10 years or more.
SURVEY OF CUEEENT BUSINESS
May 1972
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1972
1971
1971
Mar.
Annual
S-21
Apr.
May
June
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
Aug.
Sept.
7.04
6.90
6.75
6.78
6.81
6.57
6.67
6.76
6.91
28
81
12
94
297 74
875. 40
113 28
222. 89
308. 42
901. 22
111. 20
241.35
302. 19
872. 15
113 76
236. 52
285. 91
822. 11
111.03
221. 48
301. 72
869. 90
112.43
237. 81
315/61
904.65
118. 84
249. 85
317. 15
914. 37
113.41
255. 10
323.84
939. 23
114.34
259.48
329. 83
958. 16
110. 56
270. 08
99.00
97.24
99.40
97.29
92.78
99.17
103.30
105. 24
107. 69
108. 81
109. 67
103. 78
103. 92
57.07
43.17
114.12
109.69
106. 45
60.19
45. 16
116. 86
113. 90
109.42
57. 41
45.66
119. 73
116. 89
113. 20
57.73
46.48
121. 34
120. 19
115. 05
55.70
47.38
July
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Dividend yields, preferred stocks, 10 high-grade
(Standard & Poor's Corp.)
percent-.
Prices:
Dow- Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks) _ _
Transportation (20 stocks)
Standard & Poor's Corporation :d"
Industrial, public utility, and railroad:
Combined index (500 stocks) _ _ _ .1941-43 =10_ .
Industrial, total (425 stocks) 9
do
Capital goods (116 stocks)
do .
Consumers' goods (184 stocks) _ _ _ _ _ do
Public utility (55 stocks)
do
Railroad (20 stocks)
do
Banks:
New York City (9 stocks)
Outside New York City (16 stocks)
do___.
do
Property -liability insurance (16 stocks)., do
New York Stock Exchange common stock indexes:
Composite
_. 12/31/65=50..
Industrial
do
Transportation
___
do
Utility
...
do
Finance
do
7.22
6.75
6.48
6.59
243 92
753. 19
108 75
152 36
298 12
884. 76
117 22
217. 20
296 67
901. 29
123 22
200 55
309 11
932. 54
122 92
217. 16
307
925
117
221
39
49
75
10
300 23
900. 43
114 36
217. 96
83.22
98.29
99.60
103. 04
101. 64
99.72
6.99
7.03
298
887
118
214
91.28
87.87
80.22
54 48
32 13
108. 35
102. 80
99.78
59.33
41 94
109. 59
104. 69
98.54
62.42
39 70
113. 68
109. 38
102. 41
62.06
42 29
112 41
108 61
101. 96
59 20
42 05
110. 26
105. 46
100. 96
57.90
42 12
109 09
102. 46
100. 55
60 08
42 05
107.26
100. 90
99.82
57. 51
43 55
109. 85
104. 55
103. 34
56.48
47 18
107. 28
100. 66
101. 31
57. 41
44.58
102. 21
95. 51
97. 47
55.86
41 19
43.83
77.06
46.30
87.06
48.02
89.58
49.05
93.01
46.24
88.82
44.68
85.97
44.54
85.83
42.97
85.08
45.10
85.09
45.91
84.98
46.42
83.55
49.79
88.74
49.70
90.16
49.28
90.19
52.16
94.79
55.76
103. 47
78.34
115. 04
103. 88
112. 76
114. 06
119. 24
126.23
123. 73
127. 11
120.71
115. 65
119. 58
119. 26
122. 20
128. 19
133. 66
45. 72
48 03
32 14
37 24
60 00
54.22
57 92
44 35
39 44
70 38
54.89
58 43
41 71
41 60
70 66
56.81
60 65
45 35
41 73
73 91
56.00
60 21
45 48
39 70
70 89
55.06
59 25
44.90
38 71
70 01
54.83
58 70
44 02
39 72
70 42
53.73
57 62
44 83
38 17
69 41
54.95
59 13
48 09
37 53
72 14
53.76
57 52
47 02
37 93
71 24
51.17
54 50
44 29
36 87
68 98
54.76
58. 85
48.34
37.52
72.28
57.19
61.33
50.56
40.02
74.24
58. 45
63.36
52.80
38. 56
73. 74
59. 96
65.18
53.71
38.56
77. 15
60.65
66.10
55.50
37.48
80.36
185 027
18 721
18 678
16 670
15 186
15 563
A. no
12 833
12 304
405
16 872
18, 549
QQQ
12 994
403
17 648
4fi9
15 327
KOK
574
547
609
12 971
14, 278
Sales:
Total on all registered exchanges (SEC):
Market value
mil $
131 126
Shares sold
millions
4 rOQ
On New York Stock Exchange:
Market value
mil $
103 063
Shares sold (cleared or settled)
millions
3 213
New York Stock Exchange:
Exclusive of odd-lot and stopped stock sales
(sales effected) __
millions..
2,937
Shares listed, N.Y. Stock Exchange, end of period:
Market value, all listed shares
bil. $
Number of shares listed
millions
6.82
612 49
15 522
5
Q1fi
eoi
KQ1
Acn
147 098
4 265
14 661
397
14 850
415
13 368
395
12 249
'007
11 903
296
12 271
007
10 165
286
10 214
289
9 757
295
13 997
416
376
423
3,891
390
402
303
304
265
321
253
280
276
378
380
376
404
368
741 83
17 500
709. 33
16, 306
734 34
16 375
706 82
16 471
709 59
16 663
684 56
16 797
711. 93
16, 915
709 00
17, 032
681 17
17, 170
679. 42
17, 320
741. 83
17, 500
761. 35
17, 589
782. 94
17, 692
790. 22
17,777
791. 04
17, 916
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Value of Exports
Exports (mdse.), incl. reexports, total
Excl. Dept. of Defense shipments..
Seasonally adjusted..
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
...
_ _
Northern North America
Southern North America
South America...
mil. $._ 43,224.0 44,136.6 4,156.0
do.
do.
do
do_.
do
"do
42,659.3 43,555.3 4,107. 9
3, 814. 6
Asia; Australia and Oceania:
Australia, including New Guinea.. . do
India
do..
Pakistan
_
do..
Malaysia
do..
3,740.1 3,395.9
3,424.1 4,264.9 2,893.2 3,263.9 4,088.9 3,872.6 3,818.4 4,349.2
3,805.5 !3,913.5 3,685.6 3,338.3 3,366.5 4, 225.1 2,827. 8 3,220.7 4,056.5 3,814.8 3,780.0 }4,309.7
3,521.3 3,782.6 3,660.7 3,492.7 3,678.0 4,510. 6 2, 709. 9 3,159.7 3,858.6 4,220.8 3,805.6 3,890.7
173.2
1, 579.1 1.694.1
149.2
160.1
137.2
131.6
142.6
141.7
981.5
10,022.8 9,849. 5
903.1 889. 6
708.1 704.1
823.8
104.9
1,168.8
1,188. 2
93.3
90.7
105. 8
85.8
130.6
73.8
14,816.8 14,574.1 1, 512. 0 1,303.0 1,324.4 1,149.5 1,120. 0 1,114. 9 1, 421.1
53.3
616.7
100.1
820.7
106.7
737.1
73.7
.do....
10,367.7
..do
3,241.3 3.154,2
.do.
3,290.0 3,328. 2
By leading countries:
Africa:
Egypt....
Republic of South Africa
3,849.5 3,970.4
183.0
148.7
912.4
871.5
81.6
117.7
1,404.2 1,304.2
943.5
274.7
282.8
883.8
271.9
281.7
936.0
267.1
306.8
999.1
265.4
273.8
740.7
272.8
302.8
777.4
259.6
295.5
908.0
310.0
366.1
917.6
223.6
161.2
931.9
230.8
194.9
876.6
287. 4
307.5
859.5
262.0
309.1
131.3 136.6
809. 8 1,068.8
95.0
91.0
1,436.5
925.2 1,024.3
296.1
274.5
291.9
297.0
77.2
562.7
62.9
622.4
3.0
50.9
4.2
44.0
3.8
46.7
2.7
49.2
10.3
50.2
2.5
47.3
5.7
65.2
2.0
17.8
4.0
52.1
8.2
88.8
5.2
67.4
5.9
9.1
48.4
1,003.5
572.5
325.4
66.6
1,018.8
648.2
211.6
73.8
77.5
.61. 7
30.2
5.0
91.7
87.1
16.9
5.0
64.6
78.3
18.8
5.1
72.7
49.5
11.6
9.5
81.8
52.1
16.7
4.4
119.7
45.9
15.6
6.0
91.7
63.7
29.4
90.4
38.7
14.4
4.7
62.3
44.0
4.0
5.5
100.0
51.8
5.8
8.4
69.2
41.8
14.9
7.6
74.2
29.2
15.7
5.5
80.2
45.9
19.9
9.5
Indonesia
Philippines.,..
Japan
do
do..
do
266.0
373.2
4,651.9
263.0
340.2
4,054.7
18.3
30.8
364.2
17.3
30.4
331.2
27.2
29.8
370.5
25.6
36.6
303.4
21.4
25.5
261.0
18.9
25.0
299.7
34.4
34.6
371.2
10.8
16.4
291.6
17.8
21.5
329.0
24.2
35.6
403.9
27.7
29.7
370.9
25.4
25.1
321.7
18.1
34.8
512.6
Europe:
France
East Germany.
West Germany
do..
_do.
do_.
1,483.0
32.5
2,740.7
1,380.2
25.4
2,832.0
144.6
2.2
254.3
124.7
1.5
298.1
131.4
.7
274.4
113.6
1.2
219.0
108.3
.3
240.9
109.9
.2
217.1
132.7
1.8
259. 9
80.3
.7
164.0
82.8
2.6
203.2
125.3
7.1
261.4
121.9
1.5
144.1
1.7
233.2
172.4
5.7
251.7
1,353.0
118.7
2,536.3
1,314.0
160.6
2,374.0
123.6
18.4
283.7
119.5
12.2
189.4
143.6
8.0
194.4
92.2
11.0
179.0
87.1
12.8
164.4
96.3
10.8
156.3
120.8
14.9
240.4
65.7
9.3
133.2
90.5
13.7
153.9
142.6
26,6
255.7
110.8
21.6
253.8
114.4
29.6
182.8
144.8
35.1
277.0
876.6
859.5
925.2 1,024.2
Italy...
Union of Soviet Socialist Republics
United Kingdom..
do .
do
do
North and South America:
Canada--------.....--------------------do.
9,079.3 110,365.7
934.6
943.5
883.8
f Revised.
ofNumber of stocks represents number currently used; the change in number does not
908.0
777.4
917.6
999.1
740.7
affect continuity of the series.
9 Includes data not shown separately.
SUEVEY OF CUKRENT BUSINESS
S-22
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
| 1971
Annual
May 1972
1971
Mar.
Apr.
May
June
July
1972
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value of Exports— Continued
Exports (mdse.), incl. reexports— Continued
By leading; countries— Continued
North and South America—-Continued
5,695.2
Latin \merican Republics, total 9
mil. $
441.0
Argentina
do
840.5
Brazil
_
do _ _
300.3
Chile
do
394.8
Colombia
do
Mexico
-- - do _ _ 1, 703. 7
759.3
Venezuela
do
Exports of U S merchandise, total
Excluding military grant-aid
Agricultural products, total
Nonagricultural products, total
do
do
do
do
By commodity groups and principal commodities:
Food and live animals 9
mil. $
Meats and preparations (incl. poultry). -do
Grains and cereal preparations
do
5,667.0
391.0
966.3
223.7
378.0
1, 622. 1
787.1
4, 365. 0
192.0
2,447.4
_do
701.7
Crude materials inedible exc fuels?
Cotton, raw, excl. linters and waste
Soybeans, exc. canned or prepared
Metal ores, concentrates, and scrap
do
do
do
do
4,604.8
372.1
1,215.9
939.5
Mineral fuels lubricants etc 9
Coal and related products
Petroleum and products
Animal and vegetable oils fats waxes
Chemicals
Manufactured goods 9
Textiles
Iron and steel
Nonferrous base metals
do
do
-do
do
do
do
do
do
do
1,594.7
1, 044. 1
487.9
493.0
3,825.6
5,065.2
603.1
1,268.8
892.5
388.2
16.8
226.0
343.0
14.3
195.8
709.6
67.0
4, 326. 2
583.5
1,324.8
485.9
409.4
74.6
110.2
45.7
1,497.4
950. 7
478. 9
615. 0
3,837.4
4,413.0
632.1
791.1
595. 6
130. 1
82.5
43.0
56.5
335.6
404.5
56.3
67.9
61.4
Machinery and transport equipment, total
mil. $._ 17,881.9 19,464.8 1, 948. 3
11,379.3 11,596.0 1, 073. 6
Machinery total 9
do
626.4
596.7
61.4
Agricultural
do
404.5
395.7
35.4
Metalworking
do
1,422.3 1,404.2
135.1
Construction excav and mining
do
2,999.2
3,068.0
264.5
Electrical
'
do
6,502.6 7, 895. 7
874.7
TransDort eouipment total
do
3,550.0 4, 151. 1 412.6
Motor vehicles and parts
do
2,570.7
2,733.6
248.1
Miscellaneous manufactured articles
do
1,496.3 1,535.2
119.0
Commodities not classified
do
Value of Imports
39, 951. 6 45, 602. 1 3,906.8
General fniport 5 ? total
do
3,564.9
By geographic regions:
94.7
1,112.9 1, 236. 8
Africa
do
9,621.2 11,782.5 890.2
Asia
do
895. 0
63.2
870.6
Australia and Oceania
do
11,394.6 12, 845. 6 1,152.8
Europe
. ._ _ __
__
do
1,140.1
12,
765.
6
11,094.8
Northern North America
do
300.9
2,850.1 3,001.4
Southern North America
do
266.2
2,983.1 3,033.9
South America
do
By leading countries:
Africa:
19.1
2.5
22.9
Egypt
do..__
286. 5
25.4
290.2
Republic of South Africa
do _._
Asia; Australia and Oceania:
636.2
41.2
622.6
329.2
25.4
India
do___
298.1
77.1
10.8
80.2
Pakistan
do
269.1
21.9
270.2
Malaysia
do
207.2
17.3
182.4
Indonesia
do
33.5
495.8
Philippines....
do
471.7
555.1
5,875.4 7,260.9
Japan
do
Europe:
98.2
France
do
942.3 1,087.8
10.1
9.4
1.1
East Germany
do
3,127.0 3,650.8 313.9
W^est Germany
do
125.5
1,316.0 1, 406. 0
*taly
do
72.2
7.6
56.8
Union of Soviet Socialist Republics
do
United TCingdom
do
2,193.6 2,459.1 216.6
North and South America:
11,092.0 12,761.7 1, 140. 0
Canada
do
4,778.9 4,882.3 452.6
L/atin American Republics total 9
do
15.5
175.9
171.8
Argentina
do
38.2
669.5
Brazil
do
761.8
14.5
157.0
90.9
Chile
do
20.0
239. 4
268.8
Colombia
•
do
1,218.5 1,262.5 • 126.3
Mexico
do
Vene/iipsla
do
1,082.0 1,215.8 135.3
By commodity groups and principal commodities:
5, 767. 4 5,768.1
500.8
Agricultural products total
do
34. 184. 2 39.834.0 3,410.7
Nonagricultural products, total
do
Revised.
9 Includes data not shown separately.
484.3
34.6
80.0
18.5
31.5
137.3
71.8
501.5
38.9
88.0
18.4
32.9
135.1
79.9
477.8
29.1
72.9
19.3
29.5
135.7
70.0
502.5
32.9
88.9
20.2
35.1
135.5
70.7
487.2
32.9
80.2
20.4
31.1
126.5
76.0
584.2
47.1
107.5
24.5
37.5
134.8
82.3
329.6
13,5
48.8
10.0
18.4
131.3
39.8
372.8
17.0
60.8
14.0
30.2
136.1
43.1
520.9
43.9
87.5
20.5
29.5
150.8
69.3
504.3
41.8
88.0
17.8
29.6
133.2
74.4
502.6
34.1
96.9
18.2
28.9
140.5
69.9
515. 1
28.4
95.7
16.6
25.0
158.8
73.4
42,590.1 43,497.2 4, 106. 6 3,785.6 3,911.2 3, 679. 2 3,350.6 3,377.0 4, 209. 5 2, 841. 0 3, 219. 5 4 032 1 , 823. 8 ,761.1 it, 289. 5
42,025.4 42,915.9 4,058.5 3,741.6 3,854.3 3, 624. 7 3,292.9 3,319.4 4, 169. 7 2, 775. 6 3, 176. 4 3,999.6 3, 765. 9 3,722.7 tt, 250. 0
7,246.8 7,694.9
715.9
623.6
633.5
605.6
629.2 842.4
715.2
579.0 546.0
749.8 466.3
668.6
770.1
35,343.3 35,802.3 3, 390. 7 3, 174. 2 3.287.6 3, 073. 6 2, 773. 3 2,830.7 3, 459. 6 2, 374. 7 2,590.3 3,189.7 3,053.7 3, 045. 9 , 620. 9
4,356.3
174.7
2,596.0
Beverages and tobacco
487.3
29.0
77.5
19.0
39.0
144.2
66.9
358.6
15.9
213.2
334.9
15.0
172.3
323.6
13.3
184.2
308.5
18.1
170.8
444.9
17.4
277.6
284.1
14.6
137.5
57.9
64.3
60.0
61.4
74.4
122.7
10.1
381.9
62.4
102.9
48.2
353.2
44.6
92.8
45.2
361.5
44.5
110.0
40.3
298.4
31.2
109.2
39.8
302.5
24.4
102.7
35.4
369. 2
47.8
93.7
53.2
141.8
86.4
50.0
54.2
323. 9
388.6
53.9
65.8
60.2
147.7
99.8
42.7
49.2
338. 8
380.8
53.7
65.3
57.5
133.5
89.1
41.0
49.3
347.9
390.4
50.0
72.7
54.1
107.1
65.0
36.6
62.7
368.0
353.3
50.1
72.1
35.3
167.3
117.3
45.6
45.4
385.4
352.2
56.0
57.4
36.7
158.2
106.7
45.4
58.1
424.7
436.3
67.9
70.7
51.7
460.3
23.2
224.4
379.4
14.9
215.8
373.0
14.5
229.2
12.0
76.2
126.2
112.0
49.5
226.5
29.7
90.9
24.3
371.7
42.0
146.4
21.9
463.3
65.4
158.4
37.5
397.7
53.9
134.9
25.4
378.2
65.2
110.4
30.7
436.2
72.1
102.9
41.9
87,1
53.3
29.4
40.6
205. 3
253.0
33.0
39.3
24.3
62.1
19.8
35.8
37.0
223. 1
315.2
44.8
65.5
36.1
122.1
76.4
36.4
58.9
309.1
409.3
66.8
83.5
56.0
116.6
71.6
38.5
52.4
337.8
357.4
58.8
62.9
42.9
109.1
70.5
31.4
39.7
351.8
391.9
59.8
65.4
53.2
136.5
87.4
42.8
38.2
342.3
434.8
63.8
74.7
55.6
381.9
17.3
189.6
376.4
17.7
198.8
1, 728. 1 1, 840. 1 1, 633. 0 1, 421. 8 1,383.0 1, 815. 5 1, 384. 2 1, 498. 2 1,760.3 1, 664. 9 1,637.4 2, 057. 6
994.7 959.2
893.4 1,083.6 1, 047. 6 1, 026. 7 1, 190. 3
1, 012. 3
908.3 861.9 1, 100. 6 822.6
63.1
71.0
53.2
48.7
40.7
38.2
53.2
49.6
60.7
44.3
43.3
59.1
27.7
35.2
38.4
32.3
39.0
29.8
32.6
27.7
31.1
47.1
21.5
36.7
121.5
145.4
126.6
122.0
101.3
98.0
110.3
143.2
111.9
121.8
94.5
140.0
276.4
264.9
323.2
240.3
296.3
244.3 238.4
255.1
246.9
300.5
234.6
291.7
610.8
845.4
604.7
867.3
521.1 714.8
617.3
673.8
513. 5
715.8
676.7
561.6
368.5 418.5
393.7 415. 7
351.6
280.0
341.5
358.7
271.8
337.1
416.3 288.3
250.6
284.0
232.1
211. 3
240.6
231.2
233.4
221.1
232.8
258.7
258.0 185.4
117.4
133.9
107.1
146. 5
150.8
125.3
157.1
135.3
134.9
113.8
124.7
122.0
3,893.2 3,840.6 4,278.2 3.690.4 3,844.2 4,253.7 3, 471. 6 3, 530. 5 4,282.7 4, 279. 9 4, 177. 3 4,844.2
3,753.6 3,983.2 4,018.6 3,789.7 3,934.3 4, 245. 2 3, 531. 3 3, 386. 9 4, 132. 3 4, 539. 6 4, 403. 2 4, 475. 0
119.4
126.4
104.1
113.1
81.0
106.1
78.6
139.9
104.3
113.3
134.7
96.3
999.3 1, 332. 1
979.5
935.1 1,119.2
934.8 1, 104. 0 946.7 1,060.9 1,327.0 1, 126. 7
851.5
68.4
73.3
68.6
66.0
76.7
45.3
83.4
62.3
88.1
120.4
98.7
86.3
788.7 1, 032. 3 1, 244. 2 1, 240. 6 1, 427. 6
1, 108. 1 1, 114. 8 1, 216. 4 1, 185. 1 1, 197. 7 1, 216. 8
920.9
0 1, 288. 6
1, 081. 5 1, 105. 8 1, 217. 0
968.3 961.1 1, 116. 4 1, 094. 9 1, 139. 4 1,130.4 1, 106. 6 1, 144.
290.1
327.5
278.8
296.1
245.3
269.6
242.2
187.4
281.4
260.0
222.9
230.9
312.0
275.8
263.4
330.8
233.2
169.1
306.0
269.4
280.3 276.7
178.3
335.5
2.4
19.5
.9
33.5
.7
28.8
.7
19.2
2.1
17.7
4.3
30.4
1.2
23.2
9
17.3
1.5
30.4
1.5
17.4
1.3
23.1
.6
34.4
45.8
26.9
7.0
22.6
17.6
47.0
614.5
55.3
28.0
3.2
19.9
18.8
38.4
574.5
57.4
31.7
4.2
32.2
17.5
48.8
685.1
63.4
26.2
4.7
13.9
17.4
39,8
490.6
52.2
30.2
6.8
30.1
21.4
41.8
530.4
89.0
41.9
8.8
24.3
20.7
47.2
649.4
48.8
15.3
3.1
17.5
12.9
38.3
604.5
34.5
17.4
3.7
22.3
14.2
39.8
706.5
72.9
36. 2
9.3
26.8
18.4
64.4
811.0
49.6
42.1
5.6
27.8
23.7
22.8
664.5
46.8
34.5
5.8
29.0
19.6
30.0
580.7
48.7
38.2
1.5
26.0
17.1
49.1
847.1
94.2
.8
313.6
121.0
5.0
205.2
102.3
.9
299.5
109.9
6.4
230.2
108.8
.8
336.6
128.1
6.1
246.6
101.4
.9
336.0
128.1
5.1
222.9
102.5
.9
347.6
149.4
3.7
235.5
98.7
1.0
356.8
120.9
5.3
235. 4
65.7
.6
264.2
93.5
4.8
193.5
71.0
.4
222.3
89.2
2.3
150.9
75.8
1.1
299.7
120.5
3.0
182.8
102.1
1.6
325.2
155.2
3.8
226.9
103. 5
1.1
336.3
142. 9
4.6
232.1
138.0
1.0
385.7
164.3
5.8
263.7
1, 081. 3 1,105.7 1, 216. 7
450.1 405.4
441.8
13.5
15.9
10.6
59.8
81.7
46.8
9.7
7.1
5.7
23.2
22.0
20.3
124.2
105.0
114.4
107.4
107.9
104.8
967.7
406.3
17.4
76.7
9.4
27.4
83.4
100.2
961.0 1,115.1 1, 094. 9 1, 139. 1 1, 129. 9 1, 105. 8 1, 143. 4 1, 288. 1
512.9 1 486.9
449.0
461.8
283.8 315.2 453.8 518.6
16.7'
15.3
16.8
12.5
20.6
22.5
8.9
19.1
98.1
50.5
100.1
100.1
32.3
26.7
103.1
62.7
6.4
10.7
4.5
.7
.6
6.8
14.7
2.7
17.9
31.6
30.4
9.0
10.7
22.6
23.1
26.7
155.0
145.6
122.4
120.2
116.3
88.9
88.2
84.9
97.2
127.8
119.6
95.5
109.2
104.0
102.5
85.8
291. 0
286.0
555.3
529.8 487.3 555.9
625.0
479.7
3,342.3 3,365.2 3,753.4 3,211.8 3,291.3 3,628.7 3,185.6 3,239.6
507.9
590.5
585. 8
550.9
3,731.8 3, 694. 1 3, 586. 8 4,336.2
Apr.
SURVEY OF CURRENT BUSINESS
May 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
| 1971
Annual
S-23
Mar.
May
Apr.
June
July
1972
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value of Imports— Continued
General imports — Continued
By commodity groups and principal commodities:
Food and live animals °
mil. $
Cocoa or cacao beans
_
do __
Coffee
do
Meats and preparations
do
Sugar
_
_
_ do
Beverages and tobacco
do
Crude materials, inedible, exc. fuels 9
do
Metal ores
_ _ do
Paper base stocks..
do
Textile
fibers
do
Rubber __
do
Mineral fuels, lubricants, etc
Petroleum and products _ _
_
5, 374. 7
200.7
1, 159. 5
1, 014. 4
725.3
855.0
3, 307. 2
1, 148. 9
501.9
201.7
236.5
5 531 2
181 3
1, 167. 8
1 050 4
763 6
875 5
3 384 6
1 043 6
502.3
158 4
216 0
458 7
14 8
81.3
87 6
67.4
69 0
309 6
94.8
49.9
16.0
15.4
522 1
17 3
110 4
83 7
81 1
70 4
281 6
86 1
44 0
16 0
15 1
446 1
99
95 2
79 5
58 8
74 6
297 7
105 2
39 8
13 1
17 1
500 7
15 6
102 3
105 0
69 9
92 7
352 3
126.7
49.2
12 3
25 4
482 1
16 0
113 8
94 6
68 1
83 1
323 6
125 4
37.8
14 2
16 8
529 4
12 5
141 3
102 0
81 3
86 9
305 0
97.2
43.5
17 6
23.9
610 7
12 9
142 7
128 9
98 8
104 4
308 4
81 2
40 0
16 2
19 2
290 2
65
31 7
61 8
46 2
61 4
247 2
74 9
37.8
76
15 6
302 8
58
44. 6
61 9
41 3
50 5
254 4
83.7
42.5
39
13.7
542 9
25 4
92.9
110 3
71.2
63 3
296 1
80.5
42.6
15 4
19.6
547 1
18 3
134 8
97 0
75 1
83 5
288 9
70.3
41.9
13 4
18.3
540 8
18.7
114.5
81.9
67.5
84.8
276 4
57.2
42.7
19.6
17.0
472.9
13.4
60.6
83.1
62.6
80.9
313.5
76.2
46.7
12.6
20.7
3, 074. 7
do
_ do __ 2, 764. 3
3 714 7
3, 323. 3
315. 6
283.8
269 3
234 5
297 0
264 3
303 0
268 0
303 8
275 6
327.2
298. 7
333 1
303 0
309 8
276 4
331 7
307.8
400 9
354.7
398.4
352.5
375.4
331.9
427.4
388.5
171 8
Animal and vegetable oils and fats
do
159.6
16 1
17 6
15 8
13 9
12 0
11.0
17 6
13 5
12 1
14 8
14.8
21.1
15.4
Chemicals
do
1,450 2
1 612 1 145 5
150 4
150 4
142 3
138 6
148 1
165 9
114 5
90 2
116 0
159 4
150. 8
192.0
Manufactured goods 9
Iron and steel
_
Newsprint
Nonferrous metals
Textiles ._
do
do
do
do
do
8, 438. 3
2, 030. 2
929 6
1, 655. 6
1, 135. 3
9 548.5
2, 725. 4
988 5
1 552 7
1, 392. 0
824 0
208 1
89 6
152 7
128 4
851 4
260 8
83 2
130 3
120 9
948 2
300 0
85 2
149*5
132 3
783 0
254 3
74 2
122 9
113 2
812 5
236 7
75 6
135 8
112 8
896
259
88
149
134
701 5
219 6
83 1
95 5
82 2
716 4
220.0
92 1
101 4
82 7
865. 5
202.9
94 8
150 6
151.4
872.3
175. 0
81.9
150.8
148.1
800.6
184.0
77.7
142.2
120.4
930.0
182.9
83.7
177.1
134. 7
Machinery and transport equipment
Machinery, total 9
Metalworking
Electrical
do
do
do
do
11,171.7 13 903 8 1 236 9 1 200 6 1 168 5 1 313 2 986 9 1 031 7 1 219 8 1 157 3 1 218 7 1 304 11, 269. 2 1, 334. 0 1, 668. 7
745.6
575.0
568.2
5, 288. 7 5 967.8
550 4
526.9
523 8 495 1
561 9
473 1
442 8
503 6
532 8
475 6
9.9
9.1
14.3
106.8
9.1
163.7
4. 1
6.9
86
11 2
8.4
9 4
10 7
9 4
88
310.0
211.9
2, 271. 2 2 556 6
232.6
211 9
251 2
239 7
222 6
241 7
236 0
187 6
204 0
185 3
217 6
do
do
5, 883. 0 7, 936. 0
5, 067. 6 6 846 5
709.9
617.2
667 8
562 0
692 8
599 1
751 2
652 5
513. 8
443 9
588.9
504 2
696.0
600 6
662. 2
580 2
715 1
620 9
753. 7
650 9
694.2
588.0
765.8
651.3
923. 1
758. 7
do
4, 846. 3
442.2
436 5
416 0
492.8
453.3
474.7
485.0
449. 2
436. 9
539.0
519.1
477.5
610.4
116.0
133.0
Transport equipment
Automobiles and parts
Miscellaneous manufactured articles
Commodities not classified
do
Indexes
Exports (U.S. mdse., excl. military grant-aid) :
Unit value
1967 ~ 100
Quantity
do
Value
_
do
General imports:
Unit value
do
Quantity _
do
Value
do
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight
thous sh tons
Value
mil $
General imports:
Shipping weight
thous sh tons
Value
mil $
795.7
190.0
83 8
136.4
127.1
5, 384. 1
1, 273. 8 1, 475. 8
2
3
2
4
0
122.1
125 0
127 3
124 1
132 6
120 5
112 6
127 1
116.9
140.3
127.2
110 7
123. 9
137.1
?114 4
?122. 5
*>140. 1
115 7
137 4
158.9
116 2
126 8
147 4
114. fi
131 7
150 9
11^ 8
125 8
141 9
113 2
114 0
129 0
113 0
115 0
130.0
113 8
143 5
163 3
115 0
94 5
108 7
113 8
109 3
124 4
115 4
135 8
156.6
115 8
127.4
147.5
117*0
124.6
145.8
115 5
144.1
166.4
111.6
133.1
148.6
pl!7. 6
*144. 3
P169. 7
117 9
148 0
174 6
116 1
149 9
173 9
116 9
146 7
171 6
117 2
163 1
191 1
117 8
140 2
165 1
118 0
145 5
171.7
117 4
161 7
189 8
119 8
129. 3
154.9
120 4
130 8
157.6
118 4
161.5
191.1
118.7
161.0
191.0
' 121. 7
r 153. 2
123.3
175.4
216.2
239 774
24 394
204 057
22 581
16 934
2 129
17 923
2 045
18 730
2 029
17 844
1 929
15 698
1 857
18 182 20 3^0
1 865 2 434
12 933 13 772 18 374
' 989 1 312 2 161
15 432
2,044
294 896
24 339
311 936
26 983
29 103
2 347
25 157
2 399
27 363
2 381
29 567
2 710
27 546
2 365
28 528
2' 379
23 824 26 271
1 735 1 624
28 004
2 377
27 209
2,519
11.98
50.9
1,710
11.74
49.6
1,563
10. 27
46.3
1, 439
9.30
172
55
8.19
189
55
2.44
119
42
2.08
129
39
28 126
2 603
186.4
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers (Scheduled Service)
Certificated route carriers:
Passenger-miles (revenue)
__. bil__
Passenger-load factor§
percent"'
Ton-miles (revenue), totalt
mil"
131.71
49.7
18,' 166
U35.65
48.5
1 18, 685
10.17
43.7
1,428
9,290
7,627
750
306
9,247
-201
10, 046
8,221
826
288
9,714
36
2,181
1,789
172
71
2,332
-160
104. 15
2,215
715
106. 29
2, 275
707
8.18
177
63
Operating revenues 9 O
Passenger revenues
Freight and express revenues.
Mail revenues
Operating expenses©
Net income after taxes©
Domestic operations:
Passenger-miles (revenue)
Express and freight ton-miles
Mail ton-miles
mil $
do
do
do
do
do
Operating revenues©
Operating expenses©
Net income after taxes©
"
International and territorial operations:
Passenger-miles (revenue). _ _ _ _ _ _ _
Express and freight ton-miles
mil.$
do
do
7,180
7,181
-184
7,745
7,501
23
1,704
1,833
-125
bil
mil
27.56
1,299
766
29.36
1,520
617
1.99
116
55
mil.$
do
do"__
2,109
2,066
-17
2,300
2, 214
13
477
499
-35
cents
mil
25.7
5,903
26.6
r 5, 545
r521
Operating revenues©
Operating expenses©
Net income after taxes©
Local Transit Lines
Fares, average cash rate
Passengers carried (revenue)
bil
"mil"
do
r
Eevised.
*> Preliminary.
1 Annual total ieflects n^visions ilot
monthly or quarterly data.
9 Includes data not shown separately.
1 Applies to passengers, baggage, cargo, and mail carried.
26.5
11.17
49.1
1,519
10.84
46.2
1,483
12.09
50.7
1,605
13.66
54.5
1,775
14.06
55.8
1,840
8.39
181
59
9.44
186
55
10.30
185
54
10.74
211
53
2.46
111
48
2.65
109
47
556
540
-4
26.6
504
dist ributed <
26.6
484
0
10.00
45.2
1,485
2,557
2,053
242
81
2,494
9
8.32
223
54
8.61
227
56
8.03
204
58
3.37
123
46
3.31
127
44
2.81
139
44
700
583
69
9.66
216
80
1,990
1 902
28
2,101
1 899
100
1,950
1 866
21
2.16
113
52
11.10
47. 5
1,617
2, 801
2,306
220
66
2,482
169
2, 507
2,073
192
70
2,407
17
9.01
175
61
11.14
47.4
1,573
2.49
174
49
1.97
164
59
2.32
148
67
568
592
-19
27.2
27.6
27.0
26. 7
26.8
26.7
26.7
26.7
26.6
488
437
436
464
460
444
463
422
416
^fleets pr oportion
ervice;
n
evenue
s
miles
in
r
ble
seat-i
i
percent
of
availa
miles
as
c
assenger§P
©Tot al revemites, expeiises. and income
of se ating cai)acity ac tually soId and iitilized.
for al1 groups ()f carriers also refle ct nonsclaeduled s ervice.
26.6
471
SURVEY OF CUREENT BUSINESS
S-24
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
1971
|
Annual
May 1972
Mar.
Apr.
June
May
July
1972
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
TRANSPORTATION AND COMMUNICATION—Continued
TRANSPORTATION— Continued
Motor Carriers (Intercity)
Carriers of property, class I:
Number of reporting carriers
_
Operating revenues, total___
mil. $__
Expenses, total
do
Freight carried (revenue)—
mil. tons__
Freight carried, volume indexes, class I and II
(ATA):
Common and contract carriers of property
(qtrly.)cf
average same period, 1967=100..
Common carriers of general freight, seas. adj.
1967=100..
Carriers of passengers, class I:
Number of reporting carriers
Operating revenues, total. __
_ .mil. $
Expenses, total_____
__
do__ .
Passengers carried (revenue)
___mil_.
Class I Railroads
Financial operations (qtrly.):
Operating revenues, total 9
mil. $_.
Freight
do
Passenger
do
Operating expenses
do
Tax accruals and rents.
do
Net railway operating income
do
Net income (after taxes)
do
Traffic:
Ton-miles of freight (net), revenue and nonrev-
1
1, 359
11,050
10, 655
554
1,381
8 6, 159
8 5 812
8325
112.4
119.0
116.1
111.1
124.5
124.3
Travel
Hotels and motor-hotels: §
Average sale per occupied room
dollars-Rooms occupied
% of total-Restaurant sales index__.same mo. 1951 =100..
Foreign travel:
U.S. citizens: Arrivals
thous..
Departures
do
Aliens: Arrivals
do
Departures
do ...
Passports issued
do
National parks, visits 5
do
129.2
130.3
i 71
722.2
638.4
173.5
127.6
128.7
121.5
112.0
119.9
125.0
124. 9
125.7 * 133. 1
73
8 345 3
g 320 9
881 2
2 3, 125
2 2, 877
291
2 2, 513
2494
11, 985
10, 916
420
9,731
1,844
2485
78
2 738. 3
273,102
2 2, 885
273,371
2 3, 139
2769
2756
2, 573
2521
22,458
2478
2637
2 « 179
2 6 66
2 185. 0
* 388. 9
2 197. 8
» 1. 568
2179.3
2
2166
2277
2 118
777 2
do ...
764.8
cents
* 1 431
..mil.. 4 10,770
Re venue ton-miles (qtrly.)
Revenue per ton-mile
Passengers (revenue) carried 1 mile.
122.0
125 6
124.7
2 185. 2 21060.5
2 176. 1
'83,834
13.56
13.25
55
114
14.37
13.26
CO
13.94
119
131
124
563
556
312
247
290
2,609
K7Q
114
12.72
56
128
6,659
6,499
4,065
3,449
2,219
45, 753
7,059
4,325
3,567
2,399
48, 863
517
471
306
239
275
1,689
mil $
do
do
do
do
mil
18 103
8 912
6 947
11 581
3*058
104 1
19, 812
9,699
7 655
12 785
3,354
108.4
4 760
2 341
1 845
3 046
813
105 2
4,897
mil. $.
do
402.5
334.6
34 0
396.8
337.0
31 7
193 7
144 9
39 3
206 0
150 8
44 3
334
299
270
3,653
PR
12.41
14.01
116
108
KC
I AAK
802
352
317
317
6,725
908
493
362
239
10,268
777
514
449
203
9,802
14.23
55
116
768
598
453
325
147
4,978
15.06
an
117
509
365
313
106
3,417
s 18. 33
3 53
103
18.02
58
109
655
KOO
403
285
158
1,273
579
531
294
238
227
1,556
r 1 023
1 108
'91
r 786
1 004
1 142
92
772
r 173
176
588
616
26, 274 r 27, 275
496
541
171
587
26, 258
530
r 322
355
11
809
49
110
2 506
13.52
53
108
12.36
fi44.
427
4.1
116
4.4.9
KOA
305
320
322
121
1,246
269
113
1,931
18.73
62
132
327
314
COMMUNICATION (QTRLY.)
Telephone carriers:
Operating revenues 9
Station revenues
Tulls message
Operating expenses (excluding toxes)
Net operating income (after taxes)
Phones in service end of period
Telegraph carriers:
Domestic:
Operating revenues
Operating expenses
In ternational :
Operating revenues
Operating expenses
Net operating revenues (before taxes)
do
do
do
e
105.9
5 008
2 446
1 941
3 325
809
107 1
5,146
2,526
1,959
C
3,304
873
108.4
91.2
78.8
68
98.7
85.3
4 8
95.5
82.7
4 4
111.4
90. 2
15 7
51 9
36 6
12.7
50.4
37 6
10.1
50 9
37 8
10 2
52.8
38 9
11.3
2 386
1 909
3 109
859
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Acetylene!
mil cu ft
Ammonia synthetic anhydrous thous sh tons
Carbon dioxide liquid gas and solidl
do
Chlorine gas (100% Ols)t
do
Hydrochloric acid (100% HC1)
Nitric acid (100% HNOs)
Oxygen (high purity) t
mil
Phosphoric acid (100% PsOs)
thous sh
Sodium carbonate (soda ash), synthetic
Sodium
Sodium
Sodium
Sodium
Sulfuric
bichromate and chromate
hydroxide (100% NaOH)
silicate anhvdrous
sulfate anhvdrous
acid (100% HsSO^t
do
do
cu ft
ton^
(58%
do
do
do
do
do
r 14 gfJ4
1 317
1 140
117
777
1 185
1 061
1 038
I 149
131
788
1 018
l'099
117
772
167
598
27 634
'539
183
587
28 934
519
180
524
27 344
479
173
488
472
158
510
20 740
468
165
552
24 926
496
171
554
24 342
471
O7«
19
ocq
qco
OKfk
QK4
12
10
822
798
Af>
814
qc
9
818
A A
360
12
831
OA
800
fii
346
13
795
166
533
23 565
500
041
9
791
1 1Q
9 *5QQ
1 0fi
CQO
qon
9 98Q
2 248
110
2 389
356
9
840
53
111
2 457
9 755
1 220
1 144
97
790
1 918
6*460
r 283* 860
4 g 466
2 025
6 671
5
313 416
6 *034
176
604
29 668
97K
A 4/14.
i cn
10 074
I
fl1 9
qAO
on K77
4
KOK
9 692
ar\K
I
qCA
9Q 98*5
2
12
KC
120
784
26 322
-loo
2 520
•• Revised.
* Preliminary.
1 Number of carriers filing complete reports for the year.
2 Source: Association of American Railroads.
3 See note "§".5
* Annual total reflects
revisions not distributed to the monthly or quarterly data.
Beginning 1971, includes
low purity oxygen.
6 Before extraordinary and prior period items.
7 Reporting roads
only; excludes AMTRAK operations.
s For six months ending in month shown.
9 Based
on six months ending in month shown.
10 For month shown.
« Corrected.
cf Indexes are directly comparable for the identical quarter of each year (and from year to
1 055 1 119
\ 166 I isi
103
112
808
808
1 237 1 350
1 248 1 256
100
102
765
778
13 647
13 719
1 258
9 349
13 098
r 1 H5
101
2
47
2 300
Kfl
1 093
1 245
99
842
411
10
876
53
113
2 728
r 10
r824
r 43
r 109
2 440
9 Includes data not shown separately.
JRevised monthly data back to 1969 will be
shown later.
• •.
• ^ i_ + n
§ Effective Jan. 1972, data reflect an expanded sample that includes many motor-hotels;
comparable Mar. 1971 figures are as follows: Average sale per room, $18.29; occupancy, 61%.
IData include visits, effective Jan. and July 1971, to Guadalupe Mts. and Redwood National Parks, and effective Jan. 1972, to Arches and Capitol Reef National Parks.
SUEVEY OF CURRENT BUSINESS
May 1972
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are X.B shown
in the 1971 edition of BUSINESS STATISTICS
S-25
1971
1971
1
Annual
Mar.
Apr.
May
June
July
1972
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— Continued
Organic chemicals, production :d*©
Acetic anhydride
Acetvlsalicylic acid (aspirin)
Creosote oil
1 1,545.8
31.7
119.2
140.6
2.9
9.6
133.5
2.8
10.3
137.0
2.6
10.7
127.0
2.3
12.1
126.4
2.3
12.6
120.6
2.6
9.0
123.0
2.9
7.2
116.0
3.0
10.7
115.1
2.4
9.7
113.5
2.7
10.6
120.3
3.4
8.8
116.0
2.7
10.0
mil. lb_. 1 158. 7 i 159. 8
14,312.4 i 4,373.1
do
10.8
382.1
15.9
383.4
14.5
371.9
11.7
362.1
14.6
340.2
11.6
361.8
13.6
413.2
11.7
409.0
9.7
387.6
11.5
16.7
338.3 ' 400. 2
13.1
418.4
336.1
340.0
28.2
29.6
i 744. 7 ' i 754. 7
i 714. 0 i 766. 4
30.3
29.2
56.0
61.9
27.0
23.5
65.8
61.3
28.6
25.5
60.3
71.1
29.4
23.4
65.4
67.7
26.9
20.9
54.3
67.9
30.3
24.2
61.6
62.3
28.8
26.8
57.8
58.3
28.5
27.8
60.9
65.1
29.8
27.3
67.8
72.8
26.4
28.2
72.9
69.8
26.7
27.2
67.5
66.4
29.5
'29.4
67.1
71.3
41.7
155.1
37.7
7.4
44.4
151.2
38.1
6.6
43.4
148.2
38.8
6.5
48.6
150.1
38.8
7.7
43.7
151.9
33.1
7.0
43.6
146.1
35.2
7.7
46.9
138.8
34.2
7.9
56.4
135.0
37.9
8.2
51.6
136.7
37.1
9.0
46.9
132.8
36.2
7.5
38.0
126.5
35.1
6.7
43.8
123. 3
36.8
6.5
20.4
20.4
2.7
20.6
20.7
2.7
20.9
21.0
2.8
21.1
21.7
2.3
18.0
17.7
2.6
19.0
18.9
2.8
'18.3
18.4
2.7
20.3
'20.1
2.9
18.2
18.2
'2.9
19.6
19.6
'2.9
'18.9
'19.4
'2.4
19.7
19.6
2.5
17, 106
1,050
13, 431
1, 033
1,285
67
986
83
1,680
94
1,381
,72
1,210
61
968
90
1,418
92
1,122
108
1,616
82
1,256
91
1,350
129
1,005
85
1,666
95
1,327
101
1,318
111
1,010
88
1,322
64
1,079
78
1,308
133
899
85
1,630
137
1, 209
109
1,563
92
1,072
121
1, 185
123
882
67
374
229
4, 549
203
43
40
474
7
104
18
475
34
58
20
518
13
18
6
184
28
14
7
272
17
17
21
407
23
31
11
463
47
19
34
354
(3)
14
15
468
0
17
13
316
2
28
28
468
13
36
34
, 377
14
52
36
582
6
4,603
5,026
569
895
391
276
270
325
364
437
404
389
423
381
651
' 4, 596
484
4,966
389
430
453
436
262
415
258
393
336
378
406
394
382
420
339
418
287
415
343
484
389
417
'389
'449
353
Explosives (industrial), shipments, quarterly!
mil. lb_. 2,046.5
Ethyl acetate (85%)
Formaldehyde (37% HCHO)
Glycerin, refined, all grades:
Production
Stocks, end of period
Methanol synthetic
Phthalic anhydride
mil. Ib _
do
mil. gal
__ __
- do
_ _ do __
mil- gal
mil. Ib
35.1
109.6
29.3
28.1
ALCOHOL
Ethyl alcohol and spirits :t
Production
Stocks end of period
Used for denaturation
Taxable withdrawals
mil tax gal
do
_ - do
_ _do
Denatured alcohol :$
Production
mil. wine gal
Consumption (withdrawals) _
do
Stocks, e n d o f period _
_ _ _
__ d o _
' 630. 5
' 164. 0
513.8
553.8
132.8
436.5
88.0
'84.7
' 276. 9 ' 234. 0
' 276. 2 ' 234. 5
3.0
' 2.9
FERTILIZERS
Exports total 9
Nitrogenous materials
Phosphate materials
Potash materials
Imports:
Ammonium nitrate
Ammonium sulfate
Potassium chloride
Sodium nitrate
thous. sh. tons
do
_ _ _
do.
do
do
do
_ _ do
do
_
Potash deliveries (KjO)
do _
Superphosphate and other phosphatic fertilizers
(100%P 2 0 5 ):
Production t
thous. sh. tons__
Stocks, end of period
do _
16, 005
1,133
12, 543
966
326
218
4,165
129
1
1
1
MISCELLANEOUS PRODUCTS
585.4
2,120.0
480.0
Paints, varnish, and lacquer, factory shipments:
Total shipments
__ _
_ mil. $__ 2, 737. 1 2, 830. 9
Trade products
do
1, 497. 6 1, 562. 8
Industrial finishes _ _
do
1,239. 4 1, 268. 2
235.6
124.5
111.1
253.0
142.9
110.2
258.2
145.7
112. 5
291.6
169.7
121.9
254.1
156.6
97.5
274.0
158.9
115.1
266.8
149.9
116.9
226.8
119.6
107.2
208.9
107.6
101.3
209.6
183.3
101.4
90.8
92.5 - 108.2
225. 9
117.2
108.7
Sulfur, native (Frasch) and recovered:
Production
_ _
thous. Ig. tons ' 4 8, 531 5 8, 616
Stocks (producers'), end of period
_ do _„
4,038
4,311
695
4,123
684
4,069
716
4,119
686
4,095
721
4,156
734
4,190
696
4,208
769
4,321
745
4,388
754
4,311
748
4,374
731
4,297
* 635. 6
(2)
'1569.3 i 637. 7
'11,185.9 i 1,141.8
'i 746. 2 i 683. 4
59.4
93.7
53.2
60.7
91.2
55.6
63.6
90.7
55.8
66.7
91.4
59.1
62.2
81.0
52.3
67.4
93.2
57.9
71.9
107.0
64.2
62.2
108.1
64.9
58.2
105.1
60.6
55.8
(2)
94.2 '117.8
55.8
(2)
129.5
Thermoplastic resins:
Cellulose plastic materials
do
'i 182. 2
(2)
Coumarone-indene and petroleum polymer
resins.. . . • _
mil.lb 'i 282. 6
(2)
Styrene-type materials (polystyrene)
d o _ _ _ _ '13,549.7 i 3,749.8
Vinyl resins (resin content basis)
do
'i 3 756 4 i14,075.8
ri 5 844 1 6,395.8
Polyethylene
do
303.9
321.4
491.7
287.1
306.8
543.4
345.4
344.7
541.9
326.5
328.9
529.2
314.6
284. 7
514. 5
331.5
338.9
545.1
328.3
347.5
557.2
315.3
381.4
561.0
326.9
363.4
557.1
338.8 '318.5
372.6 '•6332.4
573.5
579.6
326.3
313.4
566.8
522. 6
486 9
567.7
777
4,274
PLASTICS AND RESIN MATERIALS
Production:
Thermosetting resins:
Alkyd resins
Polyester resins
__
Phenolic and other tar acid resins
Urea and melamine resins
mil. Ib
do
do
do
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total
mil. kw.-hr
Electric utilities, total
By fuels
By waterpower
v
Privately and municipally owned util
Other producers (publicly owned)
Industrial establishments, total
By fuels
By waterpower .
1 638 010 1,717 520 141 605 131 01S 133 925 150 674 154 142 154 507 146 241 139 845 139 231 148 369 153, 445
do
do
do
1,529,581 1,613,936 132, 657 122, 301 125, 073 141, 896 145 708 146, 075 137 819 131, 043 130,857 139, 724 144, 575
1 282 253 1 347 616 107 833 99 308 101 347 118 983 123 513 123 923 118 840 111 367 110 427 115 941 120 078
247 328 266 320 24 824 22 993 23 727 22 914 22 194 22 152 18 979 19 675 20 430 23 '783 . 24 497
do
do
1 254 344 1 322 540 107 331
275 237 291 396 25 327
do
do
do
108 429
105 146
3 284
103 585
100 325
3 260
8 947
8 628
319
98 619 101 413 116 548 119 677 119 754 114 428 108 873 107 728 115 022 118 860
23 682 23 660 25 348 26 030 26 322 23 391 22 170 23 129 24 701 25, 715
8 744
8 448
297
8 852
8 545
307
' Revised.
i Reported annual total reflecting revisions not distributed to the monthly data,
discontinued.
» Less than 500 short tons.
* Annual total reflects sulfur content, whereas
monthly data are gross weight.
« Gross weight.
«Beginning Jan. 1972, data exclude
polyvinyl acetale, polyvinyl alcohol, and other vinyl resins; comparable Dec. 1971 figure,
320.1 mil. Ib.
8 778
8 484
294
8 434
8 196
238
8 432
8 198
234
8 422
8 197
225
8 802
8 553
'249
8 374
8 120
254
8 645
8 381
263
8 870
8,597
273
©Scattered revisions have been made in the annual data back to 1967; monthly revisions
are not available.
cfData are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
9 Includes data not shown separately.
§Data exclude black blasting powder.
| Revised monthly data for 1970 will be shown later.
SURVEY OF CURRENT BUSINESS
S-26
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1971
1971
Annual
May 1972
Mar.
Apr.
May
June
July
1972
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
ELECTRIC POWER AND GAS—Continued
ELECTRIC POWER— Continued
Sales to ultimate customers, total (EEI) mil.kw.-hr. 1,391,359 1,466,440 119, 704 115, 975 113, 830 119, 699 128, 746 128,685 130, 062 123, 996 119, 753 123, 145 128, 150
Commercial and industrial:
312, 750 333,752 25, 703 25, 320 25, 377 27, 838 31, 061 30, 912 31, 241 29, 219 27, 471 27, 358 28 008
Small light and power§
._
__do
572, 522 592, 698 48, 947 49, 051 49, 338 50,493 49,405 49, 698 50, 561 50, 593 50, 069 49, 606 50 145
Large light and power§ _ _ ._
do
422
355
4,537
351
342
353
380
363
353
370
4,633
400
Railways and railroads
do
423
447, 795 479, 079 39, 819 36, 897 34,263 36, 391 43, 205 43,026 43,093 39, 022 37, 048 40, 891 44, 644
Residential or domestic
do
973
859
863
904
965
1,018
1,063
11, 183 11,674
933
888
1,117
Street and highway lighting
do
1 120
37, 816 39,820 3,426 2,983 3,198 3,336 3,436 3,371 3,445 3,376 3,348 3,374 3*397
Other public authorities
_
-do
415
411
427
4,880
423
423
414
415
4,660
402
385
399
414
Interdepartmental
do
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil $ 22, 065. 9 24, 725. 2 1, 955. 3 1, 912. 6 1, 900. 1 2,014.7 2, 193. 9 2, 207. 2 2, 253. 8 2, 148. 9 2, 062. 0
127, 924
27, 954
50,268
417
44, 295
1 046
3 529
415
2,121. 0 2, 213. 9 2, 221. 3
GAS
Manufactured and mixed gas:
Customers end of period total 9
Residential
Industrial and commercial
thous
do
do
571
535
34
574
538
35
572
536
34
557
522
34
Residential
do
1 497
832
632
646
392
238
328
177
143
154
64
88
Residential
Industrial and commercial
do
do
132 7
82 4
47 6
60 1
39.1
19.5
33.4
20.5
12.1
15 8
85
41, 599
38, 166
3,382
41,373
37, 998
3,337
41,378
38 032
3,307
.
Natural gas:
Customers, end of period, total 9
Residential
Industrial and commercial
thous..
do
do
41, 204
37 826
.........
7.0
mil therms
do
do
158 921
48 394
103 821
53, 770
22, 940
29, 147
39 458
10, 759
27, 467
31, 183
4,186
25, 429
Revenue from sales to consumers total 9 mil $
Residential
do
Industrial and commercial
do
10 145 0
5 122 0
4,753 0
4, 002. 7
2, 315. 0
1, 609. 8
2 613.6
1 251.2
1 311.1
1, 774. 6
620.5
1, 092. 5
Sa^es to consumers total 9
Residential
Industrial and commercial
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production
mil bbl ' 133. 12
Taxable withdrawals
do
' 121. 86
Stocks, end of period
do
12.26
Distilled spirits (total):
Production
mil tax gal ' 212. 29
Consumption, apparent, for beverage purposes
••1371. 52
Taxable withdrawals
mil tax gal ' 173. 69
Stocks, end of period
do
1,008.54
Imports
mil proof gal
90.89
Whisky:
Production
mil. tax gal._ 146. 36
Taxable withdrawals
do
112. 88
Stocks, end of period
do
954. 58
Imports—.
_
mil. proof gal__
75.59
Rectified spirits and wines, production, total
mil. proof gal__ 113. 67
Whisky
do
64.37
Wines and distilling materials:
Effervescent wines:
Production
mil wine gal
' 23. 03
Taxable withdrawals
do
' 20. 36
Stocks, end of period
do
7.38
Imports..
do
1.79
Still wines:
Production. _
do
' 245. 04
Taxable withdrawals
do
' 216. 97
Stocks, end of period
do
293. 32
Imports
do
28.23
137.35
127.50
12.23
12.53
11.00
13.81
12.33
11.04
14.07
12.37
11.05
14.40
13.71
12.87
14.25
13.28
12.48
14.18
12.28
11.89
13.64
11.41
10.96
13.31
10.53
9.80
13.31
9.86
9.74
12.78
182. 36
18.14
15.93
13.11
13.44
10.35
10.14
13.42
17.71
18.35
10.02
9.83
12.23
9.96
8.75
12.97
10.38
9.09
13.64
18. 75 18.66 16.27
47.28 26.03
15.52
13.97 12.52
996. 62 1,000.98 1,003.89
7.18
6.00
6.47
8.17
12.86
12.28
8.49
8.40
949. 31 952. 82
5.54
5.14
7.10
'1382.85 '31.49 29.76 29. 22 33.79 28.98 30.65 ' 30. 37 31.37 38.64
' 181. 94
15.64
17.45 17.92 18.26
16.73 12.41 16.99
13.78 13.41
996. 62 1,015.72 1,015.08 1,015.78 1,012.28 1,009.46 1,001.43 997. 52 996.16 993.62
102. 14
7.78 18.55 10.18
8.24
7.65
9.03
7.06
6.93
7.49
11.25
119. 41 13.42 10.47
8.56
6.61
10.79 11.41
5.86
8.54
6.85
9.59
' 116. 73
11.74 12.34 12.19
7.58 10.64
9.85
8.53
8.29 10.09
945. 80 964. 24 963.43 964. 97 960. 51 958. 57 952. 85 949. 82 947. 17 944. 54 945. 80
i 89. 29
6.48
6.21
6.59 15.75
6.75
6.04
7.46
8.08
8.89
4.08
116.10
63.05
9.87
5.10
8.61
4.30
8.70
4.58
10.22
5.80
8.69
5.02
10.28
5.54
10.46
5.88
10.97
6.17
12.14
6.85
9.77
4.95
8.19
3.69
8.19
4.22
24.60
22.10
8.57
1.88
2.81
1.79
9.06
.12
2.17
1.47
9.69
.14
1.08
1.44
9.24
.15
1.34
1.65
8.84
.15
1.50
1.21
9.01
.10
2.23
1.32
9.80
.17
2.09
1.75
10.01
.35
2.05
2.39
9.54
.22
2.38
2.81
8.99
.14
2.66
2.91
8.57
.12
1.95
1.36
9.07
.14
1.20
1.05
9.09
.15
.15
357.29
5.28
247. 20 22.37
366. 35 241. 99
i 34. 28
2.65
6.13
20.39
225. 62
2.61
7.68
18.06
215. 71
3.09
6.30
20.59
198. 93
3.38
5.32
17.40
186. 28
3.12
69.05 54.21 79.74
23.13 25.31 21.17
347. 50 366. 35 350. 63
2.09
1.49
3.03
75.98
19.91
335.34
3.62
3.57
6.76
9.18 57.65 126. 44
18.73 20.42 22.26
173. 30 209.01 310. 06
5.38
3.59
2.99
303. 08
402.38
1.38
.62
5.96
2.80
1.31
4.32
113.99
176. 09
73.30
16.45
4.04
mil. lb_ 1,136.7
" do
118.8
$ per Ib "
.704
1, 142. 5
96.8
.693
111.0
157.9
.707
113.0
180.4
.688
119.5
209.8
.687
112.2
235.1
.688
90.2
251.2
.687
79.6
246.8
.687
69.0
222.0
.692
79.4
188.9
.688
78.3
155.0
.688'
88.7
96.8
.690
101.5
79.1
.688
mil Ib '2,203.8
do... I '1,425.9
2, 380. 4
1, 517. 5
202.8
126.9
210.3
137.3
232.5
159.0
233.9
161.9
211.1
141. 6
198.9
129.6
181.2
112.4
184.8
111.2
177.3
103.3
197. 8
115.7
199.0
124.0
197.3
122.9
Stocks, cold storage, end of period
do.
304.3 302.1 314.6 337.4
324.5
American, whole milk. _
do
254.0
238.9 236.3 248.0 268.8
Imports
do
' 161. 3
8.8
8.1
7.9
95.5
Price, wholesale, American, singfe daisies (Chicago)
$perlb__
.679
.678
.649
.671
.678
r
Revised.
i Reported annual total; revisions a re not distributed t o the monthly da ta.
§Data are not wholly comparable on a year to y ear basis because c)f chang<?s from ()ne
371.3
296.4
6.4
385.6
311.0
7.6
378.8
303.9
8.9
357.6
283.7
14.0
333.5
262.4
6.4
316.7
250.9
3.4
304.3
238.9
9.7
296.2
232.1
13.8
285.0 ' 288. 9 312.0
247.1
223.6 r 228. 4
17.2
12.7
Distilling materials produced at wineries.._do
DAIRY PRODUCTS
Butter, creamery:
Production (factory)
Stocks, cold storage, end of period
Price, wholesale, 92-score (N.Y.)
Cheese:
Production (factory), totalj ._
American, whole milkj.
.669
.684
.669
.669
.673
.670
.676
.678
9Iiicludes clata not jshown separately
classi ication t o another.
JRev sed mon thly datei for 1969 and 1970 will be £ hown la ter.
99.4 106.8
93.1. ' 109. 7 131.0
.688
.688
.688
.707
230.8
147.7
.727
.719
SURVEY OF CURRENT BUSINESS
May 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
1971
Annual
S-27
Mar.
Apr.
May
June
July
1972
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS— Continued
Condensed and evaporated milk:
Production case goods cf
mil. Ib
Stocks, manufacturers', case goods, end of month
or yearcf
.
mil. lb_.
Exports:
Condensed (sweetened) .
__
Evaporated (unsweetened), ~
FJuid milk:
Production on farms
Utilization in infd. dairy products
Price, wholesale, U.S. average
do
do
1 268.3 1 235 4
109.0
116 5
134 2
141.5
115. 8
105.8
84 5
79.5
79.5
92.0
84 0
85 0
104 5
115. 7
88.6
67.6
51.2
104. 0
133.8
162.4
172.9
163.0
151.5
111.7
88.6
73.9
63.8
61.3
16.4
33.3
35.1
32.7
4.4
2.6
11.3
2.7
2.2
3.8
8.5
4.2
1.6
2.9
.2
1.2
.8
2.4
2.9
2.8
2.4
3.5
1.1
3.3
1.0
2.9
5.0
2.9
10 223 10 440
' 5,400 '5640
' 5. 85 ' 5. 72
11 189
' 6,133
'5.61
10 836
' 6,273
' 5. 5i
10 316
9 903
' 5 548 '5072
' 5.62 ' 5. 75
9 365
' 4, 416
'5.99
9 419
' 4,397
6.09
8 950
'4,131
6.17
9 423
' 4,489
'6.17
9 635
4,991
6.13
9 346
5,050
6.10
10 440
5 787
' 6. 01
mil. Ib r8l!7 149
do
' 59 023
$ per 100 lb__ '0.71
118 640
60 698
'5.87
r&
Dry milk:
Production:
77.8
Dry whole milk
mil. Ib
68.7
Nonfat dry milk (human food)__.
do. _ 1,442.8 1,473.6
Stocks, manufacturers', end of period:
4.0
Dry whole milk
•
do
4.7
87.3
Nonfat dry milk (human food)
do
' 8 98. 5
Exports:
25.0
Dry whole milk
do
13.8
Nonfat dry milk (human food)
do__ _
212.3 7124.2
Price, manufacturers' average selling, nonfat dry
.307
milk (human food)
$ per Ib
.263
7.0
131.1
9.0
149. 2 '
9.3
174.6
8.4
177.8
4.7
137.3
5.6
117.6
5.3
92.2
6.5
93.5
4.9
77.4
4.7
95.4
7.0
98.5
6.5
100.0
8.2
118.0
3.9
' 74.4
5.5
104.9
7.8
136.9
9.0
157.6
8.2
164.1
7.5
155.6
7.0
119.7
6.7
106.5
5.3
91.3
4.0
87.3
4.6
76.3
4.0
68.7
4.3
62.2
1.0
17.6
1.0
7.2
.7
15.0
3.4
16.7
1.9
4.3
5.4
2.8
3.6
6.5
1.5
4.1
3.3
18.4
1.6
11.5
3.5
10.7
3.3
7.1
3.9
15.4
.277
.304
.314
. 318
.318
.320
.320
.320
.321
.319
.318
320
319
1, 337. 5 7 1,204. 5
105.5
94.2
108.5
79.8
92.1
81.7
134.5
62.6
110.9
122.3
106.2
109.6
110.5
'2 409. 8 2 462. 5
' 380. 7 ' 391. 3
r 238. 5 ' 254. 4
142.2
136.9
55.1
763.2
257.1
142.1
115.0
7.6
4.0
9.2
3156. 2
381.4
374.8
1.6
.5
1.6
487.7
316.6
171.1
2.8
2.4
.2
.3
283 1
165 1
118 0
26
1.21
1.20
1.26
1.25
1.26
1.26
1.29
1.28
1.26
1.26
1.19
1.17
1.11
1.11
1.09
1.09
1.16
1.16
1. 15
1 16
1.19
1 18
1 18
1 18
1 16
1 16
2 5, 540
4,642
' 3, 493
1,148
7511.7
2,525
1,854
670
34.6
35.3
26.6
1,560
1,167
394
27.6
40.1
37.3
33 663
423
3 240
68.3
25.9
4 642
'3 493
1 148
66.7
65.8
63.9
58.6
3 344
2 447
897
48.7
1.39
1.36
1.55
1.52
1.51
1.48
1.51
1.54
1.59
1.52
1.49
1.43
1.29
1.29
1.15
1.13
1.10
1.11
1 07
1.09
1 22
1 22
1 21
1 21
1 23
1 21
2876
'937
'687
'251
702
502
200
21.3
7.1
.3
5.72
e.75
P5.88
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats rye, wheat), .mil. bu.
Barley:
Production (crop estimate)
Shocks (domestic), end of period
On farms.
Off farms
Exports, including malt§
Prices, wholesale (Minneapolis):
No. 2, malting
No. 3, straight
•
do
do
do
do
do
_ _ $ per bu
do
1.14
1.13
Corn:
Production (crop estimate, grain only) mil. bu ' 2 4, 099
r 3, 736
Stocks (domestic), end of period, total mil. bu
r 2, 723
On farms
do
1,013
Off fnrms
do
572. 0
Exports, including meal and
flour
do_ _
Prices, wholesale:
1.35
No. 3, yellow (Chicago)
$ per bu
1.33
Weighted avg., 5 markets, all grades
do
Oats:
Production (crop estimate)
_ __ mil. bu
Stocks (domestic), end of period, total
do
On farms
-_
do
Off farms.
do
Exports, including oatmeal
do
Price, wholesale, No. 2, white (Chicago)
$ per bu.
Hice:
Production (crop estimate)
mil. bags 9
California mills:
Receipts, domestic, rough.
.mil. Ib
Shipments from mills, milled rice
do__
Stocks, rough and cleaned (cleaned basis), end
of period
mil. lb__
2909
'913
'702
211
'283.8
Stocks (domestic), end of period, total
On farms.
Off farms
mil. bu
do
do
do
do
do
do
3 512
3201
.3
.78
.75
.5
1 21
I t 20
'937
'687
'251
.1
.3
.4
.6
.2
.80
.68
.64
.68
.73
2
31
1.16
1 16
1 26
1 23
731
502
228
26
17
66
78
84. 3
2,004
1,446
268
184
161
180
202
113
323
264
76
66
126
60
119
86
287
218
117
88
129
82
91
61
85
66
107
40
82
98
135
77
114
101
88
109
113
101
93
98
97
86
115
5,567
4,206
139
323
108
279
67
268
28
221
141
206
924
458
1,627
498
1,106
427
397
294
439
509
570
610
298
375
279
311
1,737
3,252
1,258
259
1,009
315
809
268
629
365
528
144
829
190
1 504
440
1 840
' 395
1 869
160
1 737
232
1 566 1 428
278
535
1 290
'219
.087
.086
.086
.084
.087
.087
.087
.087
.087
.087
.089
.089
.089
.089
.089
250.9
'54.9
1.06
34.8
1.14
1.18
1.18
3 28. 0
1.21
.95
.94
65.1
.95
.96
.92
54 9
.93
1.06
l.OS
49 1
1.05
1.06
21,640
476
2 1, 163
1,502
352
' 2 1,370
2260
' 2 1,110
' 1, 492
1,064
' 1, 415 ' 1, 554
384
'531
700
884
679 '
853
' Revised, v Preliminary. 1 Less than 50 thousand pounds. 2 crop estimate for the year.
s Previous years' crop; new crop not reported until beginning of new crop year (July for
barley, oats, rye, and wheat; Oct. for corn).
* Effective May 1971, weighted average, 4
markets, all grades.
* Average for Jan., April-Sept., and Dec.
« Average for Jan.-April,
June-Oct., and Dec.
7 Annual total reflects revisions not distributed to the months.
1 086
806
281
3 311
1.16
1 16
1,755
1,393
Southern States mills (Ark., La., Tenn., Tex.):
6,497
Receipts, rough, from producers
mil. lb__
Shipments from mills, milled rice
do__
4,438
Stocks, domestic, rough and cleaned (cleaned
basis), end of period.
mil. Ib
1,748
Exports
do
3, 828
Price, wholesale, Nato, No. 2 (New Orleans)
.085
$ per Ib..
Rye:
Production (crop estimate)
mil. bu
'238.8
Stocks (domestic), end of period
do
'41.6
Price, wholesale, No. 2 ( Minneapolis).. $ per bu_.
1.15
Wheat:
Production (crop estimate), total..
Spring wheat
Winter wheat.;.
_ _
Distribution
2
4
' 391. 3
' 254. 4
136 9
2.3
5.5
334
3
730
3 239
3491
9 1 149
489
328
1,881
' 1 554
1 215
834
700
528
1,047
853
687
8
Monthly revisions for Jan. 1970-Feb. 1971 will be shown later.
» May 1 estimate of 1972
crop.
cfCondensed milk included with evaporated to avoid disclosing operations of individual
firms.
§Excludes pearl barley.
?Bags of 100 Ibs.
May 1972
SUKVEY OF CURRENT BUSINESS
S-28
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1971
1972
1971
Mar.
Annual
Apr.
May
June
July
Oct.
Sept.
Aug.
Jan.
Dec.
Nov.
Feb.
Mar.
Apr.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Con.
Wheat— Continued
Exports, total, including
Wheat only __
mil. bu_do___-
689.1
638. 7
627.1
588.3
62.7
59.9
53.7
50.7
70.3
66.7
50.0
43.4
51.2
47.4
41.5
38.3
62.1
59.4
34.0
31.7
41.6
39.5
47.7
45.2
39.5
36.5
49.0
45.6
52.5
49.8
P rices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bu__
No. 2, hd. and dk. hd. winter (Kans. City) .do
Weighted avg., 6 markets, all grades _ _ _ do
1.91
1.54
1.79
1.77
1.61
1.72
1.82
1.62
1.77
1.82
1.62
1.75
1.84
1.62
21.78
1.82
1.64
1.75
1.73
1.56
1.65
1.64
1.56
1.62
1.64
1.65
1.63
1.72
1.58
1.69
1.71
1.60
1.68
1.70
1.60
1.68
1.72
1.62
1.70
1.63
1.61
1.66
1.63
1.61
1.67
249, 810
4,279
555, 092
21, 004
363
46, 705
19, 662
335
43, 525
20, 216
347
44, 970
20, 994
366
46, 658
20, 225
349
45, 164
22, 164
378
49, 403
22,137
378
49,301
21, 702
368
48, 166
20,090
338
44,492
20,961
351
46, 265
20, 704 ' 19, 994
342
356
45, 942 T 44, 464
20, 980
359
46, 792
4,362
16, 637
4,732
1,188
1,282
1,536
4,586
2,841
1,627
1,374
4,861
1,178
982
908
4,362
1,060
1,318
1,472
4,542
1,169
6.145
5.446
6.250
5.500
6.238
5. 488
6.225
5.500
6.200
5.588
6.113
5.475
6.063
5.313
5.975
5.275
6.000
5.325
6.013
5.338
6.000
5.350
6.000
5.338
5.988
5.338
5.913
5.313
299
2,681
1, 075
248
203
2,544
2,536
' 985 3 1, 004
207
2,797
3 1, 005
205
2.725
3878
233
2,564
1, 238
238
2,528
4
853
226
2,556
4
952
217
2,457
4
900
255
4
2,698
4
907 ~~~" ~838
31.42
31.88
41.00
31.96
32.07
41.00
31.91
30.60
39.00
31.90
30.32
39. OC
32.11
34. 07
38.00
33.30
34.23
38.00
33.92
35.11
41.00
35.35
36.61
41.00
35.74
36.92
44.00
34.73
36.95
46.00
7,190
1,357
'4 7,566
1, 462
flour
Wheat flour:
Production:
Flour
thous sacks (100 Ib )
253, 094
Offal
thous sh tons
4,409
Grindings of wheat
thous bu
563, 714
Stocks held by mills, end of period
thous sacks (100 Ib )
4,329
Exports
do
21, 596
Prices, wholesale:
Spring, standard patent (Minneapolis)
$ per 100 lb_.
6.179
Winter, hard, 95% patent (Kans. City)__do— . 5.569
1.66
1.63
1.69
5.913
5.338
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
Calves
thous animals
Cattle
do
Receipts at public markets
do
Prices, wholesale:
Beef steers (Omaha)
$ per 100 Ib
Steers, stocker and feeder (Kansas City)__do
Calves, vealers (Natl. Stockyards, Ill.)__do
Hogs:
Slaughter (federally inspected). ..thous. animals__
Receipts at public markets
do_. _
Prices:
Wholesale, average, all grades (Sioux City)
$ per 100 lb._
Hog-corn price ratio (bu. of corn equal in value
to 100 Ib. live hog) .
Sheep and lambs:
Slaughter (federally inspected). __thous. animals. _
Receipts at public markets
do_.
Price, wholesale, lambs, average (Omaha)
$per!001b_,
4
'3,024
30, 793
11, 993
4
2,806
31,419
11, 903
29.03
30.10
38.17
r
4
32.04
32.11
38.58
78,187 4' 86, 667
16, 593
15, 333
22.11
19.1
10,010
42,462
4
32.35
31.78
39.00
6,932
6,983
8,266
7,794
6,220
1,479 ' 4 1,528 31,399 3 1, 438 3 1, 163
4
220
2,720
1, Oil
4
6,922
1, 296
4
32.21
31.72
38.00
32.77
32.41
35.00
4
239
2,788
1, 018
4
7,379
1, 308
4
231
2,667
1, 170
4
4
7,547
1, 384
4
6,395
1, 252
4
6,280
1, 115
4
7,794
1,312
34.20
36. 93
46.90
4
1, 241
17.95
16.88
16.04
17.00
17.68
18.85
18.14
18.28
19.19
18.59
19.94
24.02
25.10
23.19
22.62
14.5
11.8
11.3
12.3
12.2
14.0
15.6
16.1
19.5
19.4
18.2
20.8
23.6
21.2
19.9
920
178
r 4 141
899
772
3186
827
3255
815
3205
4
26. 88
30.25
31.12
31.25
28.88
27. 75
27. 50
25.88
24.75
25.75
27.88
' 3, 233
3,075
2, 940
3,104
2,879
2,966
3,116
3,026
3,072
3,062
832
39
155
772
51
166
775
48
223
768
39
110
756
43
102
796
69
188
1 739 1,682
321
306
4
3
124
111
1,667
341
3
127
1,720
359
3
173
1,662
355
3
88
1,612
335
5
70
1,606
375
4
143
10, 256
2, 342
4
27 A3
27.43
4
4
4
812
212
4
919
233
4
919
229
4
818
209
4
846
184
903
143
147
28.38
29.38
31.00
2,860
2,747
3,190
774
40
161
708
37
94
4
847
167
4
801
136
4
MEATS AND LARD
Total meats:
Production (carcass weight, leaf lard in) , inspected
' 34, 574 36, 211
slaughter
mil Ib
Stocks (excluding lard), cold storage, end of
759
796
period __ _
mil. Ib
518
!547
Exports (meat and meat preparations)
do
1,844 i 1, 789
Imports (meat and meat preparations)
do
Beef and veal:
' 19, 489
Production inspected slaughter
do
347
Stocks, cold storage, end of period __
_do
32
Exports
do
Imports
do
1,319
Price, wholesale, beef, fresh, steer carcasses, choice
.490
(600-700 Ibs.) (New York)
$ per Ib
Lamb and mutton:
514
Production, inspected slaughter
mil. lb_.
Stocks, cold storage, end of period __
do
19
866
35
141
897
46
133
19, 696
375
44
1
1, 264
1, 693
306
5
99
1,608
299
5
99
1,599
295
4
87
.547
.536
.546
.561
.549
.546
.561
.549
.536
.559
.579
522
19
49
20
47
20
40
23
40
23
39
21
39
19
45
21
46
20
42
19
44
19
1,420
1,301
1,324
1,157
1, 260
1,350
1,319
1,418
1,132
307
7
31
1,125
310
7
14
Pork (including lard), production, inspected
1,491
15, 992
' 14/570
slaughter
mil Ib
Pork (excluding lard) :
' 12, 114 '•13,441 ' 1, 225
Production inspected slaughter
do
387
330
Stocks, cold storage, end of period
do
336
3
72
Exports
do
67
36
357
Imports
do
347
Prices, wholesale:
6
.513
.534
Hams, smoked composite
$perlb_.
.542
.438
.498
Fresh loins, 8-14 Ib. average (New York) ..do
.569
Lard:
193
1,339
Production, inspected slaughter
mil. lb._
1,776
81
100
Stocks dry and cold storage end of period do
82
44
282
E xports
do
366
.155
.147
Price, wholesale, refined (Chicago)
$ per lb__
.160
POULTRY AND EGGS
Poultry:
Slaughter (commercial production) _v
mil. lb.._
Stocks, cold storage (frozen), end of period, total
mil. lb__
Turkeys
<
do
Price, in Georgia producing area, live broilers
$perlb._
10, 242 '10,357
791
r
742
44
138
826
1,634 « 1,562
363
« 316
3
3
95
103
1,706
'297
4
89
298
s.593
.598
.570
.557
45
17
43
13
49
12
14
1,412
1,181
1,143
1,434
1,198
325
13
25
1,199
330
10
38
r 1,008
'995
308
3
49
287
4
35
1,227
'331
4
39
399
1,195
464
4
30
1,098
495
5
31
1,105
477
5
32
969
402
4
33
1,065
330
7
30
.517
.432
.521
.485
.535
.501
.515
.584
.536
.515
.501
.498
.542
.526
.567
.494
.639
.501
.604
.607
.584
.638
.644
.570
.617
.548
162
80
39
.15C
146
91
31
.146
158
101
18
.143
136
89
11
.151
142
82
16
.158
158
77
20
.153
140
83
12
159
82
38
.149
153
100
4
.143
'123
78
19
.144
'105
149
68
15
.144
,144
757
749
894
909
1,020
935
870
825
758
826
287
140
354
203
462
308
547
389
636
475
467
309
378
223
359
211
322
180
'266
'146
238
121
•-.145
'.ISO
.135
'.130
.115
. 110
.105
.120
.135
.135
.120
391
219
378
223
296
146
265
119
251
111
.123
.128
'.125
.125
'.140
c
'1 Revised.
Corrected.
Annual total reflects revisions not distributed to the months.
2
Effective May 1971, weighted average, 5 markets, all grades.
891
43
170
789
49
151
1,003 r 1, 009
66
18
.144
4
3 Data are for 41 public markets.
Data are for 40 public markets.
s Beginning Jan. 1972, price for East Coast (New York and Philadelphia average).
s Average for Mar .-Dec.
SURVEY OF-'CURRENT BUSINESS
May 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
1971
Annual
S-29
Mar.
Apr.
May
June
July
1972
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS— Continued
Eggs:
Production on farms.. _ _
_ .mil. casesO..
Stocks,cold storage, end of period:
Shell
_
thous. cases O
Frozen
mil. Ib
Price, wholesale, large (delivered; Chicago)
$ per doz._
' 199. 3
17.2
16.7
17.2
16.4
16.6
16.4
15.9
16.6
16.5
'17.2
17.3
16.2
17 5
51
50
60
74
139
54
80
60
101
67
98
75
148
80
141
81
134
84
135
82
94
80
60
74
52
71
49
70
'80
.425
.332
.331
.330
.291
.298
.330
.345
.329
.324
.335
.370
.300
.288
.328
.295
279.2
.341
315.8
.268
25.2
.279
28.2
.273
17.8
.253
25.3
.268
28.7
.280
23.2
.286
24.6
.271
13 8
.250
10.9
.241
50 3
.234
39.8
.259
39.3
.256
27 6
.285
.285
2,593
' 19, 960
' 4, 000
' 195. 1
' 70
78
72
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl. shells)
thous. Ig. tons,.
Price, wholesale, Accra (New York)
$ per lb_
Coffee (green):
Inventories (roasters', importers', dealers'), end
of period..
_- ._- .-_ _-_thous. bagsd*R castings (green weight)
do
Imports, total
_ do _
From Brazil
do
Price, wholesale, Santos, No. 4 (N.Y.)~$ per lb_.
Confectionery, manufacturers' sales
mil. $..
Fish:
Stocks, cold storage, end of period
mil. lb_.
Sugar (United States):
Deliveries and supply (raw basis) :§
Production and receipts:
Production
thous. sh. tons
Entries from off-shore, total 9 __
___do
Hawaii and Puerto Rico
do
Imports:
Raw sugar, total 9
From the Philippines
Refined sugar, total
306
3,027
1,480
114
.480
5,198
4 481
4, 663
2,032
310
1,759
1,941
317
666
2,132
.450
.438
.438
.430
176
157
'302
210
4,588
4 211
5 316
' 4 000
5 299
570
2,720
971
2,754
993
115
.433
'160
.433
'215
.433
'204
.440
^195
621
155
875
144
1 818
'647
2 560
1 009
2 172
'157
'167
172
877
1 137
' 212
463
135
139
196
198
231
270
305
338
333
314
'302
'274
245
226
687
1,285
395
113
34
462
153
6,601
1,230
151
412
119
150
88
97
170
178
176
103
441
159
97
692
143
107
775
80
170
601
50
659
280
95
1 073
333
122
929
441
132
' 11, 459
'11, 310
' 2, 792
11, 444
11, 291
1,026
1,013
2,701
860
851
2,660
894
883
2,524
1,087
1,068
2,157
1,034
1,020
1,932
1,121
1,107
1,629
1, 123
1,109
1,450
947
935
1,582
903
888
1 001
2,683
2,134
990
2,683
sh. tons..
7,892
481
12
38
21
25
37
84
80
59
4
55
31
137
50
thous. sh. tons..
_..
do
do
5,217
1,522
5,262
477
84
7
550
142
6
412
96
2
479
108
1
476
170
3
559
179
2
675
178
6
327
112
4
281
141
. i
464
242
10
498
54
3
436
53
3
408
48
.085
.084
.082
.084
.086
.086
.086
.086
.085
.086
.088
.092
.090
.092
.090
.695
.116
.693
.116
.689
.118
.701
.118
.703
.118
.704
.118
.704
.118
.707
.118
.704
.118
.707
.122
.709
.122
.124
16, 907
10, 276
279.4 ' 289. 1
r 199 9
299.7
O/l Q Q
do
do
do
Prices (New York):
Raw, wholesale
$ per lb__
Refined1.
Retail (incl. N.E. New Jersev)....$per 5 lb_.
Wholesale (excl. excise tax).
___$perlb._
Tea, imports
19, 727 i 21, 669
4,712
5,991
.557
2.461
1,906 ' 2, 002
2,537
5,164
1,497
Deliveries, total 9
For domestic consumption
Stocks, raw and ref., end of period
Exports, raw and refined
19,607
r 4, 712
6,675
35
.081
1
1 544
41
727
823
812
715
3,008 ' 3, 059 P 2,897
1 3^
11
.674
.112
.695
.117
.687
.117
.695
.116
thous. lb_. 135, 202
175,432
15,073
18, 078
15, 128
16, 529
20, 150
25, 141
19, 427
4,631
3,828
11,862
12,914
3, 515. 1
127 6
300.0
272.4
134 4
277.1
128. 0
290.4
134 7
136.7
261.5
111 0
305.6
309.4
301.4
122 0
306.5
290.1
127 6
124 9
3 499 8
76.1
292.0
288. 6
81.1
332.6
290.5
71.2
309 9
79.0
300 2
66 5
276 5
77 3
265 3
74 5
308 4
76 1
314 2
85 9
r 301 0
70.7
270.1
72.0
2 290. 2
57.1
195.9
57.7
181.0
55.9
176.4
61.2
185. 9
61.6
163.4
72.9
173 3
65.5
194 7
63 5
188 2
64 3
210 1
60 7
219 4
57 1
207 6
68 9
r JQ4 7
.308
.305
.305
.305
.305
.308
.312
.310
.310
.310
.312
.312
.315
.313
541.6
51.7
53.3
37.0
43.2
34.9
42.8
44.9
42.4
45.3
46.6
45.6
40.2
40.4
49.9
40.8
50. 1
57.6
47.6
51 0
63 1
42.1
53 5
38 8
43.5
53 5
36 7
45.2
47 7
41 3
42.2
46 9
41 6
' 40. 3
' 58 5
' 38 0
45.6
53 6
38 3
438.5
233.5
380.6
403.1
438.3
363.9
FATS, OILS, AND RELATED PRODUCTS
Baking or frying fats (incl. shortening):
Production
mil. Ib-.. 3, 587. 6
Stocks, end of period© _
do
132 9
Salad or cooking oils:
Production
do
' 3,389.1
Stocks, end of period©
__do__
75.6
Margarine:
Production
do
' 2,230.5
Stocks, end of periol®
__ ___ do__
45.6
Price, wholesale (colored; mfr. to wholesaler or
large retailer: delivered)
$ per lb._
.289
Animal and fish fats:A
Tallow, edible:
Production (quantities rendered)
mil. Ib. .. r 558.2
Consumption in end products
___do
569. 7
Stocks, end of period 1
_ .
do_
46.7
Tallow and grease (except wool), inedible:
Production (quantities rendered)
do
4,876.8
Consumption in end products
do
••12,553.5
Stocks, end of period 1
._
do
396.1
Fish and marine mammal oils:
Production
do
r r206. 9
Consumption in end products ___
do
69.6
Stocks, end of period f . _ .
do
103.5
598.6
41. 3
4, 967. 7
2 622.7
379.7
257.0
56.9
134.9
44.4
392.0
216.4
.6
4.7
9.2
4.0
60.0
65.8
399.7
227.1
374.0
439.9
231.4
401.9
393.5
200.5
441.5
222.2
424.5
118 1
409.9
118 8
406.4
236 9
409 7
208 7
401 2
207 0
397 4
219 8
379 7
438.5
397. 2
221 7
411 8
14
34
96 7
21.8
54.8
55.3
58.5
30.4
88.0
132.0
148.1
155. 1
138 8
16 8
41
156 7
6 0
4 5
147 2
16
4 4
134 9
(d)
49.4
68.4
167.6
45.5
(d)
39.9
52.1
177.3
35.3
09
36 2
53.4
153.1
30 2
(*)
47 9
60.8
143. 9
79 3
09
56 0
63 1
154.2
67 8
09
46 8
62 3
166.9
28 2
09
39 2
59 2
191.1
16 1
42.7
34.6
38.2
64.7
42.4
39.1
36.0
65.6
40. 1
33.7
35.9
63.8
42 0
42 2
38 4
58.3
42 4
33 9
35 2
65.0
40 7
35 7
40 7
69.6
33 4
40 0
44 8
57.1
4.3
Vegetable oils and related products:
Coconut oil:
Production: Crude
mil. Ib 3 247. 1
(«)
09
(<0
(<0
45.0
50.6
49.5
544.0
Refined
do
553.3
63.4
Consumption in end products
do
68.9
64.3
' 750. 2
740.7
167.1
Stocks, crude and ref., end of period H
do
182.5
' 202. 8
169.3
191.1
Imports
do
52.9
47.5
54.9
584.2
628 6
Corn oil:
41.4
41.0
Production: Crude
do
43.7
474.0
485.1
37.2
38.2
34.2
Refined
._ _ _
do
440.9
440.4
33.5
35.2
35.5
Consumption in end products... . . do
449.6
447.4
Stocks, crude and ref., end of period H
do .
47.9
57.9
56.8
'43.3
57.1
d
/Revised.
v Preliminary.
Data withheld to avoid disclosure
of operations of in2
dividual
firms. * Reflects revisions
not available by months.
Average for Jan.-Nov.
3
4
Monthly data not available.
Series discontinued.
82.2
120 7
5.3
5.6
4.5
5.4
' 80 2
•I 9Q
Q
89 6
201 9
' 71 4 69 0
431.7
' 376. 0
r 229 5
246 5
' 392 7 378 7
'38
35
55 9
(d)
09
45 0 r 44 0
57 4 r 63 o
191.5 ' 174. 5
22 0
144 6
09
56 8
66 3
187.7
67 9
38 7
35 9
37 9
59'. 0
.313
' 56 0
38 7
40 8
40 o
' 55. 4
44 o
36 7
38 6
58.9
OCases of 30 dozen.
& Bags of 132.276 Ib.
§Monthly data reflect cumulative revisions
for prior periods.
9Includes data not shown separately: see also note " §".
AFor data
on lard, see p. S-28. ©Producers' and warehouse stocks.
UFactory and warehouse
stocks.
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
Annual
May 1972
1972
1971
Mar.
Apr.
May
June
July
Aug.
Sept,
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED
PRODUCTS- Continued
Vegetable oils and related products— Continued
Cottonseed cake and meal:
Production
thous sh tons ' 1,726. 3 1, 720. 7
93.1
Stocks (at oil mills) end of period
do
85.8
Cottonseed oil:
Production" Crude
mil Ib '1,211.5 1, 209. 4
1, 019. 2
985.8
Refined
do
728.5
Consumption in end products
do
' 931. 9
Stocks, crude and refined (factory and ware184.3
188.3
house) end of period
mil Ib
369.8 2 400. 7
Exports (crude and refined)
do
.175
.190
Price, wholesale (N.Y.)
$perlb._
Linseed oil:
Production crude (raw)
mil Ib
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) , end of period
mil Ib
Price, wholesale (Minneapolis) __..
$ per lb..
Soybean cake and meal:
Production
thous. sh tons
Stocks (at oil mills) end of period
do
Soybean oil:
Production' Crude
mil Ib
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of period
mil Ib
Exports (crude and refined)
do
Price, wholesale (refined; N.Y.)
$ per lb._
192.2
136.4
145.3
134.5
111.1
148.9
86.1
136.0
61.1
109.5
66.4
101.9
50.3
81.9
161.2
87.8
208.9
99.5
219.8
93.1
212.7 ' 191. 1
103.6 ' 107. 7
217.2
128.9
134.0
119.8
69.4
103.3
77.2
56.1
78.8
80.4
61.2
61.0
73.2
70.9
43.5
44.9
50.1
47.0
51.2
57.8
34.3
44.8
50.8
111.8
60.9
52.9
149.0
102.9
57.4
154.0
113.3
60.5
151.1 '134.9
104.0
90.8
53.2 '49.7
154.0
106.5
67.1
246.9
40.3
.195
265.7
18.2
.193
279.7
21.4
.188
224.6
31.7
1.88
167.2
69.8
1.93
142.9
14.3
2.06
93.8
26.2
.201
130.0
3.1
.182
159.5
36.3
.177
188.3
58.5
.174
239.4 ' 277. 3
47.4
23.1
.168
.168
295.0
50.4
.168
314.5
' 191. 4
412.2
213.7
34.9
18.4
36.7
19.6
36.8
19.6
41.4
22.7
25.9
17.9
34.7
19.4
35.4
18.0
36.5
17.6
32.3
15.3
33.3
16.0
38.2
17.3
36.5
'17.6
44.8
19.1
148.5
.109
224.9
.089
180.7
.090
192.8
.088
187.2
.088
203.8
.088
193.2
.088
177.1
.088
179.9
.088
203.7
.088
210.8
.088
224.9
.088
236.7
.088
245.3
.088
264.0
.088
•17,379.5 17, 096. 2 1, 463. 2
138.4
112.2
119.8
1,458.9
152.0
1, 464. 8 1, 401. 6 1, 429. 7
149.4
198.7
192.4
1, 473. 8 1, 257. 1 1,362.0
121.4
177.9
189.7
.088
1,366.4 1,471.3 1,463.3 '1,387.3 1,474.3
119.8
136.8
131.3 '115.6
167.2
8, 081. 5
6, 297. 9
6,322.9
695.9
557. 9
535.0
695.7
495.0
497.9
696.4
506.7
505.6
670.9
526.7
556.3
674.9
482.9
497.3
692.2
532.8
537.3
597.5
568.6
554.0
645.2
534.5
522.0
644.2
504.2
522.2
690.6
534.1
554.8
689.9 ' 658. 9
525.5 523.4
549.5 ' 527. 6
707.6
559.7
582.9
802.2
' 755. 6
1,372.4 21,611.7
.133
.151
756.0
156.0
.145
765.8
168.0
.135
758.0
191.8
.137
719.0
140.9
.146
745.3
189.0
.159
819.2
78.1
.172
772.6
122.2
.155
725.9
143.0
.154
808.7
43.5
.157
802.2
153.8
.139
782.8
157.8
.135
847.1
71.3
.139
873.5
59.3
.141
Leaf:
Production (crop estimate)
mil Ib ' 1 1, 908 'i 1, 709
Stocks, dealers' and manufacturers' end of period
5,006
4,828
mil. lb_.
510, 325 2474,209
Exports, incl scrap and sterns
thous Ib
Imports incl scrap and stems
do
235,428 2248,529
4,763
52, 352
17, 252
44, 458
18, 136
47,415
31, 305
4,371
39, 778
20, 413
35,404
17,256
41, 791
15, 686
4,474
76, 841
49, 965
3,509
19, 561
2,375
16, 265
4,828
59, 622
14, 829
95, 447
19,363
86,990
22, 128
4,531
28,581
22, 549
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
Taxable
Cigars (large) taxable
Exports, cigarettes
3,954
43, 360
556
2,381
3,366
43, 590
558
2,258
4,142 4, 454
43, 474 46, 582
552
571
2,476
3,038
4,270 6,852
39, 596 45,595
552
497
3,033 4,234
7, 251
45, 765
558
5.753
2,198
47, 049
595
768
2,688
46, 061
616
1,246
2,939
39, 634
418
2,048
4,755
43, 295
452
2,568
4,365
45, 633
459
3,642
2,577
17, 201 13,489
220
193
1,656 '1,272
12, 917
128
1,153
19, 226
124
1,686
8, 085. 9
6,276.3
'6,322.3
.168
.143
TOBACCO
millions
do
do
do
51, 166
532, 764
' 6, 705
29, 147
49, 200
528, 858
'6,489
31,802
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total 9
thous. $_.
Calf and kip skins
thous. skins..
Cattle hides
thous. hides_.
145,200
1,316
15,222
155,821
2,222
15,962
14,933
189
1,611
11, 512
289
1,239
13,124
258
1,304
12, 851
254
1,235
7,118
131
11,583
198
1,166
12,517
127
1,338
15,158
123
1,565
16,198
117
1,696
51,300
18,701
3,028
52,100
19, 283
1,956
6,200
2,879
180
7,400
3,591
317
5,000
1,670
170
6,900
2,774
185
4,900
4,300
1,151
81
4,000
920
134
1,800
531
136
800
196
19
3,900
1,877
133
1,314
342
4,100
1,021
289
5,800
2,160
314
6,600
2,119
285
$ per lb_
do__.
.331
.129
.294
.145
.275
.115
.300
.158
.300
.168
.300
.141
.300
.148
.300
.148
.280
.155
.280
.153
.280
.320
.163
.330
.178
.450
.190
.450
.233
LEATHER
Production:
Calf and whole kip
thous. skins.
Cattle hide and side kip
thous. hides and kips
Goat and kid
thous. skins_
Sheep and lamb
..do...
2,717
20,353
3,979
23,598
1,621
• 20,477
' 3,148
21,385
129
128
• 1,874 ' 1,850
'211
'183
1,768
1,848
132
1,747
'267
1,663
142
• 1.823
'352
1,894
1,283
'202
1,458
123
1,650
'260
1,900
142
'1,726
'316
1,833
163
142
• 1,776 ' 1,780
'335
'347
1,827
1,781
150
1,677
'344
1,790
117
1,635
285
• 1,502
126
1,740
216
1,773
142
1,833
245
1,741
Exports:
Upper and lining leather...
thous. sq. ft..
79,365
82,944
7,784
7,256
7,391
5,534
6,540
6,830
4,810
5,976
9,198
7,727
Prices, wholesale, f.o.b. tannery:
Sole, bends, light
index, 1967=100
Upper, chrome calf, B and C grades
index, 1967=100.
114.0
114.4
in. 8
116.4
116.4
114.1
114.1
114.1
114.1
114.1
114.1
119.5
121.8
124.1
136.4
152.5
84.3
81.8
79.4
82.7
85.2
87.7
87.7
87.7
77.2
77.2
77.2
79.6
86.8
86.8
100.1
104.6
533,857
50,153
46,747
43, 916
46,490
37,556
46,092
45,399
44,936
40,525
42,720
44,525(
44,310
48,585
425,135
96,534
9,620
2,833
40,650
8,245
937
321
37,432
8,104
919
292
34,477
8,422
781
236
781
220
30,885
5,962
592
117
35,567
9,654
728
143
34,446
9,904
879
170
9,361
820
166
31,789
7,775
795
166
35,574
6, 222
794
130
36,766 36,206 39,102
6,939 ' 1, 230 8,445
844
'728
680
152
194
140
2,154
2,106
175
167
146
211
144
163
226
163
156
167
113.3
117.5
117.1
117.1
117.1
117.1
117.1
118.3
118.3
118.3
118.3
118.3
120.1
121.3
122.6
125.5
116.2
117.1
120.1
121.2
120.2
121.2
120.2
121.2
120.2
121.2
120.2
121.2
120.2
121.2
120.2
121.2
120.2
121.2
120.2
121.2
120.2
121.2
120.2
121.2
120.2
121.2
121.5
121.2
121.5
124.3
124.1
127.4
Imports:
Value, total 9
Sheep and lamb skins
Goat and kid skins
thous. $_.
thous. pieces..
do
Prices, wholesale* f.o.b. shipping point:
Calfskins, packer, heavy, 9H/15 Ib
Hides, steer, heavy, native, over 53 Jb
LEATHER MANUFACTURES
Shoes and slippers:
Production, total.
thous. pairs.. 562,318
Shoes, sandals, and play shoes, except athletic
thous. pairs.. 451,816
Slippers
do
96,181
Athletic.
II_. doll.!
8,955
Other footwear
do.II!
5,366
Exports
do..
Prices, wholesale, f.o.b. factory:
Men's and hoys' oxfords, dress, elk or side
upper, Goodyear welt
index, 1967=100..
Women's oxfords, elk side upper, Goodyear
welt...__
index, 1967=100..
Women's pumps, low-medium quality . do
'2 Revised.
1 Crop estimate for the year.
Annual total reflects revisions not distributed to the monthly data.
1
9 Includes data for items not shown separately.
161
151
.575
203
SURVEY OF CUREENT BUSINESS
May 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
| 1971
Annual
S-31
1972
1971
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
3 199
'574
2 625
3 028
Dec.
Jan.
Feb.
Mar.
Apr.
LUMBER AND PRODUCTS
LUMBER— ALL TYPES 9
National Forest Products Association:
Production, total
mil bd ft
Hardwoods
do
Softwoods _ _
do
34, 462
36, 617
6,334
7,023
27, 439
30, 283
33,490
37, 677
6,195
27, 295
30, 849
3,339
509
2,830
577
2,874
3,472
637
2,835
587
2,950
3 345
3 294
659
2,654
3 209
3 336
3,067
554
2,916
2 625
2 762
2,711
2 729
2,513
3 451
3 168
3 384
3 194
3 220
3 242
2 771
502
532
2 569
2 604
2 718
2,710
599
613
590
536
2,492
2 924
481
2,443
3,076
467
2 832
450
2,382
2 609
2 942
3 186
2, 400
2 576
3,383
506
2,877
3,566
583
2,983
Shipments, total
Hardwoods
Softwoods
do
do
do
Stocks (gross) , mill, end of period, totaL
Hardwoods
_ _
Softwoods
do
do
do
6, 042
1,287
4 755
5 895
1 225
4 670
5 741
1 250
4 491
5 723
1 253
4 470
5 594
1*145
4 449
5 532
1,084
4 448
5 397
1 053
4 344
5 040
4 282
6,143
1,355
4 788
5,155
1,478
4 848
1,035
4 323
4 282
4 264
4 297
4,191
do
do
1,266
6 095
1,081
7 599
91
683
90
563
88
650
95
761
79
767
85
624
72
797
88
516
131
582
95
679
92
757
101
703
152
768
7 398
8 471
691
593
853
673
614
633
814
677
695
787
685
715
735
735
696
704
775
740
668
566
819
722
657
644
915
689
715
715
Exports, total sawmill products
Imports, total sawmill products
_
6,828
6,326
5,266
984
3 560
644
3 313
3 537
584
583
583
'eo7
5,358
3 015
531
2,484
5 266
984
542
891
610
743
4,857
666
SOFTWOODS
Douglas fir:
Orders, new
Orders, unfilled, end of period
mil bd ft
do
Production.
_
Shipments
__'_
_ _
Stocks (gross), mill, end of period
Exports, total sawmill products.Sawed timber.
_ __
Boards, planks, scantlings, etc
_
7 475
7 427
1 058
8 247
8 362
943
741
773
639
654
1 107
1 075
1 060
1 013
605
585
769
757
1 033
1 045
1 045
657
727
975
713
739
949
696
702
943
685
663
965
764
735
994
826
870
950
do
do
do
380
87
292
329
88
240
35
g
27
36
11
24
27
5
22
36
10
25
9
2
6
17
6
12
12
3
g
21
4
17
58
21
37
21
3
19
25
8
17
13
3
10
49
15
34
92.22 * 117. 68
110. 95
111. 50
112. 12
116.72
125. 72
129.92
128.88
128. 59
127. 45
130. 23
134. 97
135.33
135. 70
1
227. 78
228. 10
228. 10
224 99
224 22
224 22
232 02
232 02
231 87
226 28
225 35
(2)
7,316
8 640
421
704
425
790
448
702
447
771
454
749
463
724
440
690
405
744
385
693
406
696
421
819
519
740
525
808
517
7,295
8 432
8 592
710
751
750
767
694
703
731
764
718
740
721
747
715
725
756
764
694
672
688
681
691
721
730
734
782
816
mil. bd. ft
do
Production „___
_ do
Shipments
_
do
Stocks (gross) , mill and concentration yards, end
of period
mil. bd ft
Exports, total sawmill products .
M bd ft
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1967=100..
Flooring, B and better, F. G ,1" x 4", S. L.
1967=100..
Western pine:
Orders, new
Orders, unfilled, end of period
mil bd ft
do
Production
Shipments
566
do
do
do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
$ per M bd. ft..
Flooring, C and better, F. G., 1" x 4", R. L.
$ per M bd. ft
Southern pine:
Orders, new
Orders, unfilled, end of period
457
do
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
226 76
373
7 267
755
716
723
770
1, 376
1 216
1 312
1 295
1 286
1 253
1 231
1 205
1 195
1 187
1 209
1 216
1 186
1 182
1,148
78 418
64 923
6,232
5 173
6 091
6 931
8 563
5 140
6 973
1 760
1 338
7 050
4 058
5 883
4 521
137.42
107.9
133.7
124.5
127.1
130.7
133.2
140.7
143.2
143.2
143.2
143.0
143.4
144.2
146. 0
149. 1
153.4
122.9
• 132. 8
129.6
131.3
131.3
132.6
136.0
136.0
136.0
136.0
136.0
136.0
136.9
138. 1
138.7
141.8
9 341
10 458
869
925
362
374
386
9 378
9 371
10 175
10 430
924
919
931
913
1 634
1 382
1, 583
1,601
83 79
96 44
84. 94
101 21
25.2
9.3
28.2
25.2
38.1
334
778
356
374
437
368
365
341
362
782
374
433
407
424
823
875
876
955
868
877
914
941
974
974
887
897
806
819
794
826
705
707
820
808
940
951
1 549
1 470
1 461
1 437
1 437
1 427
1 380
1 392
99 29
92 70
96 40
106 24
109 10
106 57
105 14
108 28
113 20
117 69
121 77
27 7
9 3
32.1
11.6
32 3
14 5
27 0
10 0
26.9
8.4
27 8
87
24.0
7.4
24 0
81
24 9
10 1
23 7
11 4
26.8
13.7
24 7
27 7
35.2
25 4
29 9
32.5
25 0
29 4
28.1
28 3
31 3
25.1
37 3
27 8
24.6
25 2
27 1
23.2
22.7
24 4
21.4
22 7
24 4
22 0
21 8
22 5
21.3
20 5
22 6
18.8
21 5
24 2
16.1
248
284
397
494
3
208
332
1
221
519
2
261
588
1
1 472
' 27
1 336
1 093
1 129
' 31
1 095
' 30
845
973
940
872
971
906
786
1 414
847
1 382
968
1 381
127 01
HARDWOOD FLOORING
Oak:
Orders, new.
Orders, unfilled, end of period
mil. bd. ft
do
304.4
9.1
322.5
8.1
25.6
Production
Shipments
Stocks (gross) , mill, end of period
___
315.2
306 7
33.3
315,9
321.6
22.0
28.7
26.8
35.4
do
do
do
9.4
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous. sh. tons
Scrap
do
Pig iron
_
do
Imports:
Steel mill products
Scrap
Pig iron
_
do
do
do
7,053
10 365
310
13 364
*346
266
2,827
6 256
34
18 322
325
320
186
472
3
1 254
24
7
189
526
7
183
642
1
249
579
g
298
440
g
164
552
4
286
794
3
172
373
1
1 363
1 792
2 112
1 688
1 554
1 780
1 437
26
31
20
26
5 022
3 069
8 304
7 301
5,066
4 771
3 180
7 565
7 597
40.72
33.33 34.29
33.19
36.26
42.00
36.80 39.00 37.00 37.50
T
Revised.
*> Preliminary.
1 Beginning Jan. 1971, data reflect
changes in size specifica2
tions, and are not comparable with those for earlier periods.
Series discontinued.
31.62
30
40
24
37
00
39
37
54
90
(3\
10
24
OK
29
7
3 498
2 821
5 966
8 260
3 420
o 490
5 829
8 357
3 557
2 391
6 023
8 298
3 795
9' 926
6* 950
8* 251
01
54
5
Iron and Steel Scrap
Production
_
Receipts, net
_
Consumption
Stocks, end of period
thous. sh. tons
do
do
___ do
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
$ perlg. ton
Pittsburgh district
do
4
52, 575
4 34 148
4
85 559
7 668
49 177
32* 870
81 612
8*298
5,145
3 319
8 373
7,518
3 084
8 308
7 195
4
2
6
7
012
416
252
780
2,556
2 116
4 583
7 863
3 201
2 419
5 624
7 898
r
3
r2
»-6
r
8
949
938
913
219
*>4,335
*>3 547
*>7 850
*>8 251
32.84 33.66 32.74
31. 24
29.90 31.78 31.53 29.70 28.93 31.03
36.50 35.50 36. 00 36. 00
35. nn
34. 00
33. 00
36.00 38.00 36.00 35.50
3
Less than 500 tons.
* Annual data: monthly revisions are not available.
9 Totals
include data for types of lumber not shown separately.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
j 1971
Annual
May 1972
Mar.
Apr.
May
June
July
1972
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Ore
Iron ore (operations in all U.S. districts):
Mine production. __ __
thous. Ig. tons
Shipments from mines
do
Imports
do
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
do
Consumption at iron and steel plants
do
Exports
do
89,760 ' 82, 161
88,011 ' 79, 531
44,876
40, 124
5,898
2,646
3,678
6,345
5,439
3,049
9,158
10, 495
4,643
9,071
11,047
5,361
9,011
10,623
5,124
6,737
8,264
3,969
8,325
9,001
2,920
6,309
7,969
3,166
5,507
5,989
3,220
5,360 '4,585
3,891 '2,037
2,161
1,317
4,586
1,649
1,701
1,732
125, 107
123, 261
5,494
114, 051
108, 966
3,061
4,880
11, 495
373
8,684
11, 054
366
14, 169
11,703
351
16, 042
10, 535
325
14, 780
9,158
355
11,153
5, 041
187
11, 695
6,902
203
10, 144
7,388
281
8,355
7,130
119
5,879
8,006
163
3,479
8,668
20
3,190
9,001
14
4,188
10, 505
149
i 71,500
i 15,316
52, 781
3,403
78, 714
17, 552
57, 738
3,424
59,898
24,372
33, 860
1,666
57, 762
25, 301
31, 490
971
59, 124
24, 001
33, 957
1,166
62, 929
22,057
39, 463
1,409
67,306
20,498
45, 085
1,723
71, 854
18, 605
51,197
2,052
76, 262
17, 945
55, 941
2,376
78, 040
16, 398
58, 697
2,945
79,187
15, 942
59, 922
3,323
78, 714
17, 552
57, 738
3,424
75, 822
20, 130
52, 550
3,142
72,723
23, 156
46, 730
2,837
40, 412
1,826
990
1,019'
74
93
93
114
143
119
99
40
41
102
104
92
87
Pig iron:
Production (excluding production of ferroalloys)
thous. sh. tons__ 91, 435
Consumption
_ __
do
190,126
2,082
Stocks, end of period
do
81, 305
80,319
1,777
8,518
8,492
1,885
8,421
8,387
1,860
8,783
8,714
1,835
7,930
7,883
1,859
6,851
6,751
1,888
3, 701
3,339
1,940
5,148
5,146
1,886
5,532
5,473
1,829
5,350
5,384
1,801
5,930
5,901
1,777
6,617
6,598
7,708
6,584 '6,379 * 7, 565
1,783 ' 1, 742 v 1, 738
69.33
69.26
70.33
76.03
75.83
77.00
73.70
73.33
74.50
73.70
73.33
74.50
73.70
73.33
74.50
77.70
73.33
74.50
77.70
78.33
79.50
77.70
78.33
79.50
77.70
78.33
79.50
77.70
78.33
79.50
77.70
78.33
79. 50
77.70
78. 33,,
79. 50
77.70
78.33
79.50
77.70
78.33
79. 50
888
13, 945
8,173
827
13, 840
'7,428
'3913
1,325
'3661
'924
1,292
'672
'862
1,278
'680
'839
1,290
'703
'798
1,004
'603
'770
985
'598
'745
1,111
'600
779
1,174
640
806
1,098
595
827
1,014
548
809
1,174
568
860
1,194
577
78
852
521
'88
'882
505
73
82
45
67
77
44
65
76
43
68
78
46
75
54
33
83
72
42
82
74
46
80
79
46
84
72
40
'88
'70
42
79
77
42
87
80
44
120. 211
94.5
12,645
117.0
12, 565
120.2
12,920
119.6
11,491
109.9
9,942
92.0
5,774
53.4
7,678
73.4
8,211
76.0
8,053
77.0
8,784
81.3
10,001
92.6
'281
'1,587
' 1, 290
338
157
128
325
145
120
311
141
113
303
154
125
310
109
88
299
112
91
293
132
109
278
129
103
261
114
92
'281
'129
'104
300
121
99
318
135
111
9,026
9,470
9,341
9,810
9,163
3,703
4,522
5,183
5,791
6,104
6,588
6,649
7,927
530
541
835
175
558
530
761
155
452
554
802
156
497
617
860
167
454
631
871
161
144
190
267
65
354
313
395
89
371
351
450
95
387
352
430
100
385
384
492
135
323
347
538
131
322
378
547
140
417
491
641
158
14, 156
8,179
4,521
1,378
7,574
2,791
6,811
35, 574
11, 760
14, 898
1,592
1,008
431
147
730
248
551
3,823
1,216
1,673
1,554
949
441
157
1,013
289
635
3,974
1,224
1,802
1,447
861
441
138
750
289
749
4,141
1,315
1,825
1,472
844
476
146
769
310
865
4,252
1,394
1,825
1,430
796
509
118
815
312
1,040
3,448
1,228
1,345
703
310
307
79
492
138
229
1,475
471
545
810
354
336
82
428
170
328
1,634
562
569
888
471
319
91
440
202
361
2,026
744
728
903
505
296
95
470
198
576
2,375
825
945
940
552
287
95
489
195
476
2,609
920
1,034
1,091
642
272
170
450
202
410
3,096
978
1,454
1,113
689
294
123
526
214
462
2,946
1,030
1,188
1,393
850
387
148
709
257
533
3,327
1,161
1,324
do
117,678 i 16,184
_ do _. 110, 565 i 9, 541
do
i 4, 440 14,946
do
114,475 117,483
4,482
2,511
1,285
5,268
4,916
3,155
1,642
6,653
3,480
2,117
1,035
2,637
3,392 21,192 21,278 1 1, 528
1,710
2579
2642
1878
952
2344
1412
2351
2,940 2 1, 531 2 1, 421 11,622
3,004
4,. 903
7,212
23, 765
929
1,501
1,739
6,420
950
1 636
2,412
7,256
556
873
1,638
5,051
567
885
1,427
5,205
Stocks, total, end of period. _ _
At mines
At furnace yards
_
At U.S. docks
M anganese (mn . content) , general imports
do
do
do
do._
do
Pig Iron and Iron Products
Prices:
Composite
_
$perlg. ton
Basic (furnace)
do_
Foundry, No. 2, Northern
_
do
Castings, gray iron:
Orders, unfilled, for sale, end of period
thous. sh. tons
Shipments, total
do
F o r sale
_ _ _ _ _ _
do
Castings, malleable iron:
Orders, unfilled, for sale, end of period
thous. sh.tons _
Shipments, total.
_ __
do
For sale—_ _
do
77.70
78.33
79.50
78.33
79.50
Steel, Raw and Semifinished
Steel (raw):
Production
thous. sh. tons.. 1131,514
Index _
daily average 1967—100
103.4
Steel castings:
Orders, unfilled, for sale, end of period
321
thous. sh. tons_.
Shipments, total
do
1,724
For sale, total
do
1,416
9,980 '11,588 p 11, 590
98.7 ' 107. 3 v 110. 8
Steel Mill Products
Steel products, net shipments:
Total (all grades)
thous. sh. tons__ 1 90, 798 1 87,038
By product:
Semifinished products
do
4,962
7,387
Structural shapes (heavy), steel piling
do _
6,060
5,666
Plates
do
7,939
8,065
Rails a n d accessories _ _ _ _ _
_ do
1,590
1, 564
Bars and tool steel, total
do
Bars: Hot rolled (incl. light shapes) _ do
Reinforcing. __ . _
do
Cold
finished
do
Pipe and tubing
_
do
Wire and wire products
do
Tin mill products
_
do
Sheets and strip (incl. electrical), total. ._ do
Sheets' Hot rolled
do
Cold rolled
do
By market (quarterly shipments) :
Service centers and distributors
Construction, incl. maintenance
Contractors' products.. _
Automotive-
14, 577
8,107
4,891
1,490
7,778
2,998
7,243
35, 101
12,319
14, 250
Rail transportation
do
Machinery industrial eouiD tools
do
Containers, packaging, ship, materials... do
Other
do
i 3, 098
i1 5, 169
7, 775
127,598 i
Steel mill products, inventories, end of period:
Consumers' (manufacturers only) _ _ mil. sh. tons.
Receipts during period...
do
Consumption during period
do__.
9.4
67.1
67.5
10.0
67-6
67.0
10.5
7.2
6.4
11.7
7.3
6.1
13.0
7.3
6.0
14.6
7.9
6.3
15.9
6.3
5.0
7.2
'7.4
7.0
7.6
7.5
7.4
Service centers (warehouses)...
do
Producing mills:
In process (ingots, semifinished, etc.)... do
Finished (sheets, plates, bars, pipe, etc.) .do
RtPfil
foarhrm^
fim'cbor!
nnrnr»r>oifo -nrina
<t -nav IK
12.8
10.5
mix
10.0
5.3
5.3
7.2
7.2
'7.4
'7.1
7.1
10.8
8.6
11.1
9.0
10.9
9.0
10.7
9.0
11.3
9.2
11.2
9.6
11.1
9.7
1129
.1129
1199
.1134
.1171
.1180
.1191
11.6
3.9
5.4
7.9
8.0
7.5
12.3
11.3
11.8
11.0
11.7
10.5
10.9
9.3
10.2
7.5
moo
inAfi
infifr
lOfifi
infiQ
nnn
1193
'Revised.
v Preliminary.
i Annual data: monthly or quarterly revisions are not
available.
2 por month shown.
s Revisions for Jan. and Feb. 1971 are as follows (thous.
sh. tons): Orders, 887; 888; shipments for sale, 571; 557.
10.0
4.3
4.9
13.1
4.1
5.6
10.7
9.0
1272
1550
1578
i 2, 188
10.6
4.3
5.3
14.6
3.8
5.1
10.4
7.8
2226
2230
2377
2389
2456
2506
21,885 2 1, 832
9.5
5.1
5.6
9.1
'5.7
6.1
SURVEY OF CUEEENT BUSINESS
May 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
1971
Annual
S-33
Mar.
Apr.
May
June
July
1972
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons. 3, 976. 1
Recovery from scrap (aluminum content)._do__-- 1940. 0
Imports (general):
Metal and alloys, crude
Plates, sheets, etc
Exports, metal and alloys crude
do
do
do
Price, primary ingot, 99.5% minimum... $ per lb_Aluminum products:
Shipments:
Ingot and mill prod, (net ship.)
Mill products, total
Sheet and plate
Casting's
3, 925. 2
852.0
338.8
78.0
327.1
75.0
341.8
72.0
325.0
74.0
329.5
59.0
333.4
76.0
325.8
65.0
329.0
77.0
314.2
72.0
324.5
75.0
326.1
77.0
313.6
350.2
78.7
408.5
560.4
71.0
112.3
44.7
6.0
11.0
95.7
6.4
11.3
63.4
7.5
8.0
60.9
7.1
10.3
46.6
6.8
3.6
38.1
5.7
5.6
43.7
7.4
12.6
31.5
4.2
4.0
24.0
3.1
7.7
48.5
5.5
6.9
46.8
10.7
13.4
43.9
5.3
3.5
70.0
9.0
6.7
.2872
.2900
.2900
.2900
.2900
.2900
.2900
.2900
.2900
.2900
.2900
.2900
.2900
.2900
. 2900
943.9 1, 067. 5
741.8
769.6
397.3 416.1
145.4
134.9
1,119.8
839.1
467.1
134.1
746.8
580.1
258.2
140.8
689.7
564.1
278.1
97.1
814. 7
656.6
343.9
124.3
874.8
674.6
346.5
134.2
761.5
611.7
301.9
143.4
772.2
615.1
304.0
138.1
840.5
625.2
321.8
135.5
' 879. 6
' 670. 3
' 354. 1
' 149. 3
912.1
724.5
372.9
152.8
.mil. Ib . . 9, 952. 5 '110,245.6
do
7, 358. 0 i 7,836. 7
. do
3, 688. 6 13,976.4
1, 506. 5 1,577. 2
do
Inventories, total (ingot, mill prod., and scrap),
end of period
mil. Ib
5,020
4,477
4,443
4,274
4,465
4,662
4,736
4,764
4,957
4,986
5,020 '5,017
Copper:
Production:
Mine, recoverable copper
thous. sh. tons.. 1, 719. 7 1, 533. 1
1, 765. 1 1, 591. 8
Refinery, primary. _
_
do
1, 521. 2 1, 410. 5
From domestic ores
do
181.3
243.9
From foreign ores
do
475.0
371. 0
Secondary, recovered as refined
do _
143.8
170.5
144.8
25.7
33.9
143.1
160.0
141.6
18.4
28.8
147.2
150.0
136.4
13.7
34.7
152.2
166.4
148.4
18.0
31.8
49.2
42.6
38.7
4.0
15.2
104.5
74.0
63.2
10.9
24.5
113.4
103.1
90.9
12.1
29.8
136.3
138.6
124.3
14.3
37.0
137.6
145.9
130.6
15.3
35.9
138.9
149.7
137.5
12.2
31.4
Imports (general) :
Refined, unrefined, scrap (copper cont.)
Refined
Exports:
Refined and scrap
Refined
4,387
5,031
130.2 ' 139. 0
146.3
141.2
127. 1 133.5
14.1
12.9
36.1
27.3
146.9
173.7
152.3
21.4
36.9
do
do
394.2
132. 1
365.8
162.1
26.1
9.9
26.4
11.6
21.9
7.4
35.4
9.9
28.9
12.4
37.0
23.2
41.5
20.2
21.3
15.5
18.2
13.4
49.2
17.8
29.0
12.6
26.2
8.6
38.9
16.1
do
do
348.9
222.0
283.0
187.7
38.6
26.3
37.0
23.7
32.9
23.9
24.8
17.5
8.5
4.6
10.1
5.4
16.4
10.4
7.4
4.1
15.6
9.4
29.4
20.8
18.8
10.5
34.8
26.6
33.1
22.8
i 2, 042
Consumption, refined (by mills, etc.)
do
Stocks, refined, end of period
do
i 348. 0
Fabricators'
do
i 187. 0
Price, electrolytic (wirebars), dom., delivered
2.583
$ per lb_.
2,014
277.4
174.4
187.6
380.6
216.3
192.0
365.3
234.1
205.7
334.3
223.9
202.6
294.1
223.8
107.4
264.0
204.2
154.5
229.8
168.9
151.9
224.4
143.6
174.6
242.8
142.1
167.2
260.7
154.0
155.1 ^161.8
277.4 v 293.0
174.4 "161.7
2. 5201
.5055
.5283
.5284
.5284
.5290
.5289
.5284
.5224
.5032
.5032
.5061
.5257
2,513
2,329
751
2,711
2,354
705
647
564
174
571.8
1597.4
573.4
572. 7
52.8
47.0
47.2
50.8
45.6
48.1
45.6
46.4
45.2
42.4
48.1
46.1
48.9
49.1
48.4
51.6
48.9
50.6
55.6
46.0
'481 8
45.3
53.2
41.8
357.1
1, 360. 6
261.7
1, 392. 4
21.7
119.5
21.2
117.4
24.3
116.2
18.5
115.9
18.7
94.8
13.9
119.5
24. 4
127.7
18.6
125.0
20.7
118.9
23.5
114.4
26.6
115.5
18.9
116.7
179.4
154.7
186.3
190.3
186.1
182.5
169.6
163.1
165.9
158.9
153.3
154.7
141.0
145.4
97.9
U33.5
51.8
118.7
88.8
120.2
84.7
121.8
83.6
121.5
76.6
131.8
87.3
133.8
74.3
126.4
63.1
122.8
57.1
114.1
48.2
116.9
51.8
118.7
57.9
122. 7
50.2
121.5
173.3
.1562
72.1
.1380
65.7
.1350
65.8
.1350
65.0
.1350
64.5
.1365
68.3
.1413
66.7
.1412
63.7
.1412
66.3
.1416
64.6
. 1388
72.1
.1402
74,2
.1400
74.8
.1460
74.8
.1550
4,667
3,060
50, 554 i 46, 940
i 20, 001 i 17, 973
i 2, 574 i 2, 870
i 73,829 70, 545
i 53,027 i 52, 415
0
4,543
1,765
280
6,355
4,715
10
4,478
1, 805
255
6,305
4,710
430
4,100
1,680
285
6,175
4,615
0
5,441
1,373
280
6,240
4,625
1, 091
2,059
1,305
255
5,605
4,335
12
5,206
1,720
245
5,185
3,760
597
5,207
1,685
260
5,870
4,455
920
1,858
1,680
250
5,910
4,465
0
3,180
1,595
265
5,800
4,155
0
5,414
1,485
260
5,610
3,920
197
4,971
1,665
205
5,370
4,125
469
5,975
1,710
250
5,470
4,100
441
3,019
570
138
8,155
8,495
1. 6701 1. 6888
125
9,510
1. 6602
79
10, 600
1. 6448
376
10,340
1.6644
398
11, 205
1. 6607
400
10,905
1.6729
19
9,025
1. 6770
9
8,520
1. 7539
23
9.610
1. 7436
51
12, 005
1. 7131
86
12,670
1. 7200
118
11, 247
1. 7981
Copper-base mill and foundry products, shipments
(quarterly total) :
Brass mill products
.
mil Ib
Copper wire mill products (copper cont ) do
Brass and bronze foundry products
do
Lead:
Production:
Mine, recoverable lead
thous. sh tons
Recovered from scrap (lead cont )
do
Imports (general), ore (lead cont.), metal
Consumption, total
do
do
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
thous. sh. tons__
Refiners' (primary), refined and antimonial
(lead content)
thous sh tons
Consumers' (lead content) cf
do
Scrap (lead-base, purchased), all smelters
(gross weight)
thous sh tons
Price, common grade A
$perlb__
Tin:
Imports (for consumption) :
Ore (tin content)
Metal, un wrought, unalloyed
Recovery from scrap, total (tin cont.)
As metal
Consumption, total
Primary ... _ _ _ _ _
lg tons
do
do
do
do
do
Exports, incl. reexports (metal)
do
Stocks, pig (industrial) end of period
do
Price, pig, Straits (N.Y.), prompt_.._I_.$ perlb__
Zinc:
Mine prod., recoverable zinc
Imports (general):
Ores (zinc content)
Metal (slab, blocks)
2,306
9,610
1. 6734
42.5
6,190
4,605
1.8198
i 534. 1
491.6
43.7
41.4
43.8
43.5
38.0
41.2
38.2
40.1
40.8
39.3
'37.8
40.2
525.8
270.4
342.6
319.6
37.5
29.1
32.9
22.7
25.8
21.2
40.9
27.1
21.0
30.3
18.1
28.5
24.0
41.7
23.8
17.6
20.3
25.5
27.7
43.4
33.2
27.3
31.0
31.3
do
do
1 124. 8
i 259. 9
123.4
228.8
8.6
19.9
10.8
19.2
10.0
18.9
11.0
18.4
10.8
20.3
10.8
21.1
15.7
20.7
7.5
21.6
10.1
21.0
11.2
20.5
11.3
20.5
11.7
21.1
74.5
6.3
115.6
1.3
65.7
6.6
110.6
2.1
50.1
5.3
95.3
0
51.7
5.6
97.5
(3)
45.7
5.7
101.2
0
61.2
6.3
104.6
.1
61.4
5.9
100.5
(3)
64.5
5.9
105.8
(3)
62.0
6.0
106.6
.7
56.2
5.6
113. 4
.6
80.7
90.6
.1578
23 A
29.4
37.8
50.5
50.6
51.1
52.9
65.2
68.5
62.6
56.9
92.4
98.4 '95.0
91.3
97.1
109.3
100.9
94.6
114.8
.1733
.1700
.1700
.1700
.1700
.1600
.1700 .1700 .1700
.1619
cflnc iudes sec ondary s melters' 1ead stoc]fes in refinery shajpes and in copper -base scr ap.
©Pro ducers' stocks els ewhere, e nd of AE>r. 1972, 11,200 she rt tons.
Slab zinc:
Production (primary smelter), from domestic 1
74.2
and foreign ores
thous sh tons
880. 6
765.7
75.8
Secondary (redistilled) production
do
7.4
74.4
74.5
6.8
Consumption fabricators
do
1, 187. 0 1, 259. 0
111.5
116.7
Exports
do
.3
1.7
1.1
13.3
Y
Stocks, end of period:
Producers', at smelter (ZI)O
do
50.6
99.4
84.3
198.3
Consumers'
do
89.7
99.2
i 89. 6
98.4
Price Prime "Western
$ oer Ib
. 1532
.1507 .1550
.1613
'2 Revised.
TO Preliminary.
i Annual data; monthly revi sions are not avail able,
Average for 11 months.
3 Less than 50 tons.
AEffective Dec. 1971, nationwide delivered price siibstituted for N.Y.- basis pri ce.
669
584
180
641
557
164
do
do
thous. sh. tons..
Consumption (recoverable zinc content):
Ores
Scrap, all types
4,966
11, 318
1. 7414
754
649
187
.2900
23.4
53.5
1.5
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1 1971
May 1972
1972
1971
Annual
Mar.
Apr.
June
May
July
Sept.
Aug.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
METALS AND MANUFACTURES—Continued
MACHINERY AND EQUIPMENT
Foundry equipment (new), new orders, net
155 6
mo avg shipments 1 967 ~ 100
Heating, combustion, atmosphere equipment, new
*88 5
orders (domestic) net qtrly
mil $
Electric processing heating equip
do
| i 50. 9i(
Fuel-fired processing heating equip
do
Material handling equipment (industrial) :
Orders (new) index seas adjj
1967 ~ 100
Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider-type
do
Industrial trucks and tractors (internal combustion
engines) shipments
number
Industrial supplies , machinery and equipment:
New orders index seas adjusted* 1967—69 — 100
Industrial suppliers 'distribution:
Sales index, seas, adjusted*.
1967=100
Machine tools:
Metal cutting type tools:
Orders, new (net) total
mil $
Domestic
do
Shipments, total
do
Domestic
do
Order backlog, end of period
do
Metal forming type tools:
Orders new (net) total
Domestic __
Shipments, total
Domestic
Order backlog end of period
do
do
do
do
do
84.2
82 4
63 7
7.5
30.3
15 8
2 2
69
102 7
54.9
73 1
80 2
48 4
53 2
79 5
117 6
69 1
72 9
70.5
90.8
16.2
2.5
7.4
14 4
2 2
59
14 1
18
59
19 4
13
11 6
103 3
99 6
96 2
86 0
90.3
99 2
120 3
105 6
110 8
85 6
111 7
108 4
111 6
116.0
13 816
14, 811
12 644
14, 621
1,161
1,470
1 179
1^299
984
1,120
1 080
1,129
969
1,210
934
889
1 112
1,299
1 211
1,509
953
1,229
1 198
1,451
1 004
1,128
1,093
1,205
1,297
1,404
41 194
49 289
4 890
4 233
3,605
3 612
4 668
3 441
4 209
4 838
3 900
4 771 « 2 764 « 3 022
3,282
101 0
102 6
95 6
97 6
102.9
104 4
104 4
106 3
106 5
105 2
104 3
106 7
107 2
105.8
108.0
105.9
104. 7
108.0
103.7
99.3
106.3
101.5
105.7
110.1
102.4
112.0
117. 2
108.0
114.2
119.4
651. 30
506. 75
992. 90
827. 35
470.7
608 75
524. 10
672. 30
554 20
407. 5
43 00
36 50
64 85
51 75
407 6
42 30
36 60
71 75
60 15
378 2
46 85
41 30
52 55
44 20
372 5
64 20
50.90
60.75
49 85
376.0
55 15
45. 85
45.30
39 55
385.9
60 40
54 50
40.90
33 35
405.4
49 85
44 15
58.90
47 40
396.4
45.00
41.75
47.90
38 75
393 5
55.45
50.80
41.70
35.45
407.3
70.80
62.75
70.65
62.60
407.5
51.15
47.95
39.60
33.65
419.0
60.80 » 96.15
55.25 * 77.55
46.40 » 57.30
40.10 * 48.40
433.4 * 472.3
261 25
226. 60
450. 15
411. 60
234 8
252 40
223. 20
325 60
285 60
161 8
25
22
30
28
10 on
12 60
26 25
24 75
24 90
23 00
26 50
22 50
190 2
20 85
17.85
28.45
26.90
182 6
22 85
20.35
19.45
17.15
186 0
17 90
14.65
21 65
16 90
182 3
25 40
24.60
21 90
18.65
185 8
21 05
16.25
27 30
20.75
179 6
22 60
18.45
26.40
20.00
175 8
20 75
19.95
34.80
32.40
161 8
19.60
17.95
16.35
13.70
165 0
24.95 ' 21.55
21.80 ' 19.90
22.70 v 33.15
19.30 * 28.35
167.3 v 155.7
25
65
25
30
9H4. 7
m
o
Tractors used in construction:
Tracklaying, total
units 1 19, 433 18 414
5 313
1464.6
mil. $
499 6
150 2
2 3 642
2 945
Wheel (contractors' off-highway)
units
*5
099
1
170. 6 2 133 3 2 35 0
mil. $
Tractor shovel loaders (integral units only), wheel
and tracklaying types _ _
units 1124 622 ' 26 952 rQ 693
mil. $
581. 1
646 6
172 7
Tractors, wheel (excl. garden and contractors' off- 1
highway types)
_._ .
units
175,309
163
350
37
894
1
847. 0
mil. $
911 0
214 5
4 895
141.3
1 102
2
39.1
4 051
109.2
2
908
2
33. 2
4 155 rf 1, 831 ^ 1, 938
99.0 * 52. 2 353.3
2
687
2
25. 9
7 470
177.7
6,295
156.1
6,494
140.1
40 448
238.1
41, 526
212.2
2
112. 8
43 482 rf 15, 594 3 16,984
246.2 390.6 398.7
ELECTRICAL EQUIPMENT
Batteries (auto replacement) shipments
thous
Electronic components, factory sales:
Semiconductors:
Discrete devices
mil. $
Integrated circuits
do
Tubes, selected power and spec, purpose do
Microwave. _ _
do
Electro-optical
do
High vacuum, gas, and vapor
do
Capacitors
do
Motors and generators:
New orders, index, qtrly.
1967=100
Radio sets, total, production
Television sets (incl. combination), prod
37 863
39 144
9 Klfi
i 686. 0
523 7
290.6
142.4
74.3
73.9
483 0
1
621 2
i 534 o
260. 9
122 6
65 7
72 7
434 9
53 4
42 8
64 3
31 7
16 1
16 4
37 9
98.3
87.0
thous
do. ._
16 406
9,483
Household electrical appliances, factory sales:
Air conditioners (room)
thous__
Dishwashers*
._
do
Disposers (food waste)*
do
Ranges. _.
__
do
Refrigerators
do
Washers
_
do
Dryers (incl. gas)
do
Vacuum cleaners. _ ..
do
5,886
2 116
1 976
2 362
5 286
4' 093
2' 981
7 382
18 579
11* 197
1 Q/iq
2 192
2 528
2 848
3 606
4 402
4 310
4 264
4 160
50 4
40 9
48 8
41 8
45.5
39 6
48.3
44 6
51.7
47 5
35 1
34 9
35 4
56.5
50 7
60.1
27 8
14 7
17.6
38 8
52.8
46 4
36 3
55.5
45 7
65.5
31 0
16 5
18.0
37 7
37 4
34 5
56.7
51 7
71.0
32 0
18 3
20.7
39 5
1 864
1 016
i 5, 438
846.4
2 477
217 6
i 2 294 r 183 9
2 714 '223 5
^'egi r 474 i
1
4 608 370 0
3*377
250 1
7 973 653 1
4
4
53.8
47 9
54.4
52.7
33 5
33.4
1, 928
1, 184
1,276
1,002
1,336
956
63.7
57.9
85.5
86.5
85.5
90.7
85 5
4
4
3 804 '3 654 2,915
4
4
4
4
1,857
1, 286
1,616
1,012
704.2
263.2
210.7
274.3
515.5
373.7
248.8
1 843
1, 195
1 725
912
1, 535
941
149.5
232.8
200 0
254.5
576 7
424.3
324.0
692 2
118. 3
220.9
239 2
233.0
507 8
495 0
370.1
827 5
120.8
299.9
219 0
286.3
550 0
446.2
385.3
825 7
258.6
266.5
228.2
260.8
477.5
409.2
354.7
712.7
320.8
200.4
199.8
232. 2
406.5
366.3
315.8
623.8
476.3
206.4
201.6
244.1
428.8
412.8
347.4
748.8
541.9
227.9
212.2
238. 3
446.2
381.5
304.6
884.7
611.9
242.6
259.3
245.2
471.9
425.0
304.3
743.1
167 0
232 5
262.1
187 9
254 2
235.8
197 1
223.0
262.8
158 3
213.7
230.2
147 5
215.0
218.8
r
159 8
161 7
181.9 r 210. 9
291.9
267.0
164 9
255.4
288.7
1 498
'867
1 487 441 690
l', 114
'889
983
705
1 149
844
763.0
189 3
181 9
212 0
457 6
303 4
182.4
655 8
743.7
161 8
163 8
212 3
470 8
304 4
177 4
535 5
750.8
208.0
199 1
234. 8
562 5
398 8
259.6
628 0
305.1
194.9
186 2
228.8
585 6
399 3
259.2
570 9
m
141 2
198 2
267.2
134 0
242 4
280.0
158 9
171 8
267.2
GAS EQUIPMENT (RESIDENTIAL)
Furnaces gravity and forced-air shipments* thous
Ranges, total, sales*
'
do
Water heaters (storage), automatic, sales*
do
1 471
2*362
2,785
1 795
2 549
3,083
128 8
243 9
256.3
o
204 1
296.3
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous. sh. tons.. * 9, 481
779
8,699
793
777
Exports
do
789
671
69
92
75
Price, wholesale, chestnut, f.o.b. car at mine
.
$ per sh. ton.. 16. 565
17. 673 18. 365 18. 365 17. 581
BituminousProduction
thous. sh. tons.. 602,932 i 555,000 56, 755 55, 575 50,640
1
r Revised. 2 v Preliminary.
i Annual data; monthly or quarterly revisions are not
available.
Excludes
figures for rubber-tired dozers (included for other periods).
3 For
4
month shown.
Data cover 5 weeks; other periods, 4 weeks.
e Corrected.
{Effective with the Apr. 1972 SURVEY, index reflects new seasonal factors. Revisions for
1969-71 appear at bottom of p. S-34 of the Apr. 1972 SUEVEY.
*New series, Industrial supplies (marketed through distributors)—orders index (American
738
66
618
36
810
76
765
105
708
17
683
36
654
66
558
29
518
64
596
26
467
16. 856
17.346
17. 346
17. 444
17.346
17.346
17. 346
17. 738
17. 738
17. 738
17, 738
51,615 38,965 55, 075 53, 225 13,130 26,095 55, 055 47,520 46,325 r 51,040 50,195
Supply & Machinery Mfrs. Assn.), based on 2-month moving average of selected members
new orders, is also adjusted for number of working days. Sales index (National and Southern
Industrial Distributors Assns.) is based on selected panel of members' ppera^ns which cover
national sales for maintenance, repair, and operations for all types of industries. Dishwashers
and disposers (Assn. of Home Appliance Mfrs.) and gas equipment (Gas Appliance Mfrs.
Assn.) reflect total industry sales. Monthly data prior to 1971 are available upon request.
SURVEY OF CURRENT BUSINESS
May 19T2
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1972
1971
1971
Annual
S-35
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
4,624
Apr.
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL— Continued
Bituminous— Continued
Industrial consumption and retail deliveries,
total 9
-_-thous. sh. tons.. * 517,15 2 494, 87
4.320,460 2326,28
Electric power utilities -do
4
184,328 2 157,03
Mfg. and mining industries, total _ _ do
496,009 2 82, 820
Coke plants (oven and beehive)
do
4
Retail deliveries to other consumers.. __ do...
12,072
211,35
Stocks, industrial and retail dealers', end of period,
(3)
total
thous. sh. tons..
s 94, 021
Electric power utilities
do
' 71, 295
76, 987
(3)
3 16. 759
Mfg. and mining industries, total _
do
Oven-coke plants
do
8, 924
7,199
Retail dealers
_ do
40, 895
25,103
15, 522
8,157
39, 755
24, 807
14, 784
8,307
41,92
28,15
13,64
7,72
40,634
28,004
12,439
7,007
38,55
27,78
10,07
5,164
38, 313
27, 051
10, 281
5,817
36,379
25, 167
9,971
5, 699
36, 417
25, 944
9.150
4,679
40, 832
28, 294
11,087
6,152
44, 399
30, 074
12, 572
6,872
619
245
138
10
162
670
950
1,224
1,315
1,443
1,753
69,982
77, 527
83, 432
87, 423
85, 147
91, 722
97, 457
86,360
74, 946
8,966
9,804
10, 642
10, 849
8,517
10,369
11, 818
7,988
5,381
94, 021
76, 987
15, 759
7,199
92, 908
75, 788
16, 730
7,850
3275
275
390
70, 908
56 633
4,261
4,984
6,140
5,679
4,174
7,107
6,766
3,450
1,318
4,204
3,660
3,631
7.641
9.647
9.696
11. 209
9.316
11. 658
9.810
11. 200
9.719
11. 200
9.719
11. 200
9. 719
10. 890
9.719
10. 890
9.719
10. 890
9.719
10. 940
9.719
10.940
10. 131
11. 388
10. 266
11.446
10. 266
11. 446
2730
4871
65, 654 2 56, 664
21, 574
21, 823
78
5,752
1 ,853
68
5,621
1,832
, 77
5,693
1,803
76
5,268
1,821
67
4,816
1,835
55
3,455
1,950
54
3,976
1,787
38
3,961
1,853
32
3,220
1,783
56
4,200
1,853
49
4,763
1,898
53
4,651
1,883
3,510
3,385
125
1,489
1,509
3,842
3,803
39
1,170
199
3,599
3,560
39
1,151
125
3,343
3,295
48
1,248
95
3,153
3,097
56
1,192
126
3,401
3,309
92
1,319
171
3,818
3,715
103
1,539
175
4,070
3,939
131
1, 900
136
4,143
4,000
143
1,793
92
3,596
3,483
113
1,584
26
3,510
3,385
125
1,489
42
3,585
3,446
139
1,610
68
3,611
3,466
146
1,760
63
2
number
11, 804
13, 020
$ per bbl
3.41
3.23
mil. bbl._ 3, 967. 5 4, 087. 8
4
% of capacity
86
90
1,227
3.41
345.1
88
880
3.41
336.2
86
969
3.41
332.8
83
998
3.41
344.5
89
925
3.41
355.0
88
886
3.41
352.4
87
959
3.41
334. 0
85
921
3.41
245.5
85
967
3.41
333.6
85
1,330
3.41
351.5
86
807
3.41
353.1
85
965
3.41
329.4
85
466. 8 ' 465. 2 ' 447. 6 ' 460. 7 ' 455.6 ' 497. 4 483.3
295.3
293.8
286.0
284.0
282.6
276.0
276.0
52.6
52.7
56.1
52.9
50.9
52.8
51.2
59.2
63.4
71.3
61.4
64.0
68.9
63.4
'59.0 '53.7 ' 57. 5 '56.3 '63.8 ' 84. 1
77.1
32.4
29.7
13.9 -22. 2 -31.3
-30.0
17.8
460.6
(3)
Exports
do
Prices, wholesale:
Screenings, indust. use, f.o.b. mine
$ per sh. tonDomestic, large sizes, f.o.b. mine
do_ .
COKE
Production:
Beehive...
Oven (by product) _ _ _
Petroleum coke §
Stocks, end of period:
Oven-coke plants, total .
At furnace plants.
At merchant plants
Petroleum coke
Exports
45, 513
28, 040
16, 849
8,380
thous. sh. tons
do
.do
4
4
do
do
do
do
do
_
4,113
4,018
95
1.059
2,514
c
10. 266
11. 446
10. 146
11. 120
77
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
Price at wells (Oklahoma)
Runs to stills
Refinery operating ratio
.
All oils, supply, demand, and stocksNew supply, totald"
Production:
Crude petroleum
Natural-gas plant liquids
Imports:
Crude and unfinished oils
Refined products
mil. bbl_.
4
5,377.7
5,532.7
do
do
4
3,517.4
612.2
3,478.2
2623.9
305.0
52.8
658.6
' 758. 7
45.9
5 72.5
do
do
4
522.6
725. 5
' s 476.7 '463.9
' 462. 7 ' 453. 5
295.1
51.3
301.0
52.8
290.1
51.1
48.5
'68.6
49.6
'58.8
53.9
'57.6
11.3
40.2
17.6
Change in stocks, all oils (decrease,-)
do
37.7
26.1
Demand, total
Exports:
Crude petroleum
Refined products
do
4
5,332.2
5,497. 2
5434.3 ' 443. 9 ' 421. 4 ' 435. 9
do
do
5.0
89. 5
4
5,237.7
4
2,131.3
96.0
.5
81.2
5,415. 5
2, 213. 2
90.9
(l)
7.7
-476. 6
182.6
8.8
927. 2
804.3
353. 0
' 971. 3
' 837. 9
' 366. 6
6
82.6
5
30.7
'7<U
'66.9
'28.7
'65.7
' 60. 0
'29.4
49.7
153.5
446. 8
49.4
158.5
2 456. 8
4.1
8.1
38.2
4.5
10.4
31.3
4.0
14.0
29.2
do
do
do
do
1, 017. 9 1, 043. 9
276.4
259.6
106.0
106.8
635.5
677.5
934.4
267.2
96.8"
570.4
do
do
do
2, 105. 3
1.4
214.3
4
Gasoline
do
Distillate fuel oil
Residual fuel oil
Jet fuel
do
do
do
4
do
do. _
do
4
Lubricants
Asphalt
•
Liquefied gases
.
Stocks, end of period, total
Crude petroleum
Unfinished oils, natural gasoline, etc
Refined products...
Refined petroleum products:
Gasoline (incl. aviation):
Production
Exports
Stocks, end of period ...
_
Prices (excl. aviation):
Wholesale, ref. (Okla., group 3 ) _ _ _
Retail (regular grade, excl. taxes),
(1st of following mo.) __
Aviation gasoline:
Production
Exports
Stocks, end of period
Kerosene:
Production
$ per sraL.
55 cities
$ per gal
2, 202. 6
1.6
223.8
-9.4
r
434.1 ' 435. 4
429.2
0
0
5.5
6.7
428.6 ' 428. 7
201.0
197.0
4.4
4.5
.1
5.7
423.4
183.6
5.9
0
8.1
• 438. 0 ' 468. 2
188.6
184.6
6.8
8.5
' 60. 1
'59.5
'31.2
'54.4
'59.6
'30.5
'56.1
'55.7
'32.0
'61.2
'62.2
'30.3
' 65. 6
'59.8
'32.2
4.8
19.9
30.1
4.6
19.4
30.4
4.3
21.9
33.5
3.6
19.3
35.0
4.5.
17.2
89.4
945.7
271.4
105.4
568.8
986,0 1, 003. 5
284.3
279.3
109.5
107.5
594.1
614.7
036.0
273.2
110.4
652.4
, 065. 7
272.4
107.0
686.3
083.5
269.8
305.9
707.8
180.8
.1
250.6
170.4
.2
235.0
174.3
.1
226.2
181.4
.1
214.0
192.7
.1
207.2
196.6
.1
208.4
186.1
.3
212.3
188.2
(0
212.9
599.1
.3
0
(l)
7.2
8.0
6.9
435.6 ' 414. 5 ' 428. 7
184.5
187.6
195.1
6.3
3.9
4.5
' 443. 9 ' 476. 3 ' 525. 2 512.5
C1)
5.9
923
3.41
268.9
50.8
64.5
74.7
-49.8
513. 2
0
6.6
518. 6
189. 3
11.3
0
5.2
507.3
173.2
11.8
0
4.7
508.5
166.9
10.7
'85.4
'77.2
'30.5
' 113. 6
"87.2
'32.3
115.4
87.3
31.6
121.2
92.0
33.1
3.8
12.2
44.2
3.9
6.4
51.8
3.8
5.7
53.7
4.1
6.1
50.4
, 097. 4 1, 075. 2
265.9
265. 6
109.8
110.3
721.7
699.4
043.9
259.6
106.8
677.5
013.9
251.0
109.2
653.8
964. 1
252.9
105.6
605.5
196.9
.1
223.8
192.6
.1
244.6
175.2
.1
254.8
183. 1
.1
213.6
1,210
3.41
.119
.120
.113
.110
.125
.120
.120
.120
.120
.118
.118
.118
.118
.115
.115
.120
.246
.252
.238
.234
.248
.254
.268
.264
.266
.244
.257
.251
.255
.233
.238
.228
19.7
.9
5.1
18.5
1.2
4.4
1.4
.1
4.9
1.5
.1
4.6
1.5
.1
4.5
1.5
.1
4.4
1.5
.1
4.2
1.9
.1
4.1
2.1
.2
4.4
1.6
0)
4.4
1.5
.1
4.6
1.1
.1
4.4
1.6
.1
4.7
1.2
0)
4.6
95.7
87.5
8.3
6.0
6.7
A
24.4
27.8
19.2
21.6
19.5
Price, wholesale, bulk lots (N.Y. Harbor)
$ per gal. .
.118
.126
.121
.127
.127
'Revised.
« Corrected.
1
Less than 50 thousand barrels.
2 Reflects revisions not a^Bailable b y months3.
3 Data for 1970 not available; monthly data for 19 n will be shown la ter.
, Corresponding monthly revisions will be shown Later,
5
Revisions for Jan. and Feb., respectively: New £ upply, 463.9, 428,6; imports , 71.7, 65 1;
6.5
23.6
7.2
26.4
6.1
28.0
5.6
27.8
7.2
28.2
7.1
26.8
8.9
24.4
8.7
21.3
6.8
17.4
Stool?9 PTirl nf r»ori/v1
mil. bbl
do
do
""""
do
.127
.127
.127
. 127 .127
.127
.127
.127
.127
.127
.127
total d miand, £ 04.2, 463 3; dome stic deni and—toteil, 498.1, 456.5; distillate, 1 23.7, 107 .3; residual, 8(5.5, 80.7; jet fuel, 5,9.3, 29.6.
d* In eludes sinail amc unts of "other I lydrocarl 3ons and hydrog en refine ry inpu t," not
shown separate' y.
$Includes da ta not sh own sepsirately.
§ Inclu des nonrnarketat>le catalyst coke.
JSUKVEY OF CUKKENT BUSINESS
S-36
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1971
Annual
May 1972
1971
Mar.
Apr.
May
June
July
1972
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
72.2
5.1
.2
214.8
78.4
'11.0
.1
190.6
78.8
6.1
.1
160.1
77.0
6.4
.1
122.2
Mar.
Apr.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Distillate fuel oil:
Production
. --- —.mil. bbL.
Imports
_ _ _ - do__ _
Exports
-- do
Stocks end of period
__do__ _
Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per gal_ _
Residual fuel oil:
Production
mil. bbl_Imports
_
- -do_ _.
Exports
- do
Stocks end of period
-- do
Price, wholesale (Okla., No. 6)
$ per bbL.
Jet fuel :
Production
Stocks end of period
912.1
"•55.8
2.8
190.6
897.1
'53.8
.9
195.3
78.0
35.6
.4
112.9
76.7
'3.2
.2
113.7
75.1
'2.9
.2
125.8
76.8
'3.5
.4
145.8
77.8
'3.3
.3
172 A
77.9
'2.S
.3
197.0
71.3
'3.0
.1
210.1
74.8
3.7
.1
223.0
.111
.117
.117
.117
.117
.117
.117
.117
.117
.117
.117
.117
.117
.117
26.5
274.7
' 577. 5 '357.6
13.2
1.5
59.7
49.4
2.37
2.35
22.2
'47.2
1.7
50.6
2.35
19.0
'46.6
1.2
55.4
2.35
20.0
'43.5
1.1
58.7
2.35
20.0
'45.2
1.0
63.7
2.35
19.2
'39.7
1.4
65.9
2.35
19.7
'43.5
.9
66.5
2.35
19.7
'42.6
.9
68.5
2.35
22.3
'47.1
1.2
59.9
2.35
27.6
'59.5
.5
59.7
2.35
28.6
58.7
.5
59.4
2.35
27.9
55.8
.5
50.9
2.35
2.35
2.35
.108
.116
257.5
557.8
19.8
54.0
2.25
r
mil. bbl__
do
301.9
27.6
304.7
27.7
26.3
27.1
25.1
27.3
25.8
28.5
25.3
28.8
24.4
28.8
24.9
27.7
25.0
28.1
26.3
27.2
26.1
27.9
25.8
27.7
24.3
25.9
26.1
25.2
do
do
- do _ .
(midcontinent,
$ per gal
66.2
'16.1
14.7
65.5
15.8
15.0
5.8
1.4
15.5
5.7
1.5
15.2
5.7
1.4
15.4
5.8
1.0
15.4
5.7
1.4
15.1
5.6
1.6
14.8
5.2
1.3
15.0
5.6
1.1
14.9
5.1
1.3
14.9
5.2
1.2
15.0
5.5
1.4
15.3
4.9
1.0
15.1
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
mil. bbl
do
146.7
15.8
157.0
21.2
10.1
25.5
12.1
27.7
14.1
28.3
16.3
25.2
17.4
23.8
17.4
20.2
16.2
18.1
15.0
16.5
12.8
17.6
9.8
21.2
8.2
24.1
8.1
26.6
Liquefied gases (inch ethane and ethylene):
Production total
mil bbl
At gas processing plants (L P G )
do
At refineries (L P» G )
do
Stocks (at plants and refineries)
do
525.6
399. 6126 0
67 0
547.9
417.6
130.2
94.7
46.5
35.1
11.4
51.0
45.0
34.0
11.0
60.3
45.9
34.9
11.0
72.9
44.5
33.1
11.4
83.9
45.5
34.0
11.5
95.1
47.1
35.3
11.8
104.0
44.4
34.3
10. 1
108.1
46.2
: 5. 8
10.4
109.4
45.0
35.1
10 0
103.6
50.0
38.8
11.1
94.7
47.2
36.7
10.5
82.4
45.7
35.3
10.4
71.9
'83 179
93, 365
' 34, 756 35, 684
' 48, 423 57, 682
6,426
2,653
3,773
6,314
2,354
3,960
8,102
2,676
5,427
8,790
3, 091
5,700
8,296
3,042
5,254
8,928
3,348
5,580
9,583
3,767
5,816
9,051
3,500
5,551
7 672
2 986
4 686
6 766
2 772
3 994
(44)
()
16
25
73
21
35
69
18
34
77
15
32
81
11
39
78
15
35
76
14
32
80
12
36
81
13
33
71
15
29
73
(4)
Lubricants:
Production
Exports
Stocks end of period
Price, wholesale, bright stock
f o b Tulsa)
Asphalt:
Production
Stocks end of period
Asphalt and tar products, shipments:
Asphalt roofing total
thous souares
Roll roofing and cap sheet
do
Shingles all types
do
Asphalt siding
Insulated siding
Saturated felts
do
do
thous sh tons
r
189
374
899
260
334
r 848
(4)
(44)
()
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulpwood:
' 68, 897 63, 661
r 67, 524
64, 331
5,371
5,873
5,318
5,484
5, 249
5,450
5,415
5,258
5,052
5,382
4,891
5,540
5,463
4,982
5,180
5,074
5,195
5,473
6,445
5,134
5,503
5,185
5, 460
5,621
5,671
5,423
5,238
5,434
5,207
5,229
5,084
5,371
5,254
5,663
4,909
5,296
5,422
4,819
thous sh tons
do
' 10, 530 10, 265
571
'558
908
509
868
518
867
492
877
491
755
516
885
482
883
506
939
499
861
499
828
558
'874
'522
905
496
WOODPULP
Production:
Total all grades
thous sh tons
Dissolving and special alpha
do
Sulfate
__do__
Sulfite.-__ __
do
' 43, 663 43,960
' 1, 705 1,684
' 29, 519 28, 790
' 2, 294 2,062
3,696
159
2,503
168
3,699
158
2,416
172
3,712
135
2,436
160
3,679
130
2,427
160
3,450
128
2,282
148
3,805
138
2,483
174
3, 593
127
2,313
161
4,072
145
2,617
191
3,808
140
2,446
173
3,499
138
2,219
159
3,866
149
2,544
162
3,765
140
2,494
164
423
240
320
440
270
302
419
242
306
1,093 ' 1, 077
632
623
'379
398
'65
71
1,024
589
373
62
Consumption
Stocks end of period
Waste paper:
Consumption
Stocks end of period
do
do
' 4, 404
' 2, 095
' 3, 646
4,778
2,814
3,832
401
143
321
359
285
308
378
288
315
373
275
314
335
257
300
386
292
331
432
240
322
483
278
358
467
236
346
do
do
do
do
'923
'384
'470
69
1,093
623
398
71
974
508
388
78
1,045
558
404
83
985
584
328
73
1,076
611
386
79
1,063
612
380
71
1,073
609
387
77
1,044
582
385
78
1,003
637
288
78
1,154
697
381
76
_ do
do
do
i 3, 755
1869
1
2, 886
2,175
790
1,385
236
88
148
194
74
120
172
57
115
199
78
121
117
42
75
162
59
103
240
95
145
112
48
161
142
52
89
235
76
159
185
73
112
171
61
110
171
59
113
__do .
do
do
13538
1273
13,265
3,515
313
3,202
341
30
311
310
21
290
287
32
255
338
31
308
270
30
240
296
28
269
275
22
254
262
27
289
307
15
322
298
25
274
309
15
294
300
30
270
340
24
316
52, 210
22, 975
24, 943
158
4, 135
54, 180
23, 440
25,846
156
4,737
4,686
2,029
2,238
17
403
4,676
1,987
2,172
16
400
4,513
1,924
2,177
15
396
4,604
1,967
2,214
15
408
4,218
1,796
2,027
13
382
4,622
1,959
2,233
13
416
4,411
1,883
2,109
11
409
4,897
2, 134
2,318
10
435
4,580
1,992
2, 182
9
398
4,299 ' 4, 769 4,721
1,900 ' 2, 087 2,036
2, 257
2,009 ' 2, 288
10
10
9
'384
418
381
109.2
101.1
101.2
110.6
102.4
103.0
112.0
102.5
101.4
112.0
103.0
101.7
112.0
102.6
102.7
112.0
102.8
103.2
109.2
102.8
103.6
109.2
102.8
104.3
109.2
102.8
104.5
109.2
102.9
104.6
109.2
102.9
104.7
109.2
102.7
104.6
Groundwood
Defibrated or exploded
Soda semichem screenings etc
Stocks, end of period:
Total all mills
Pulp mills _
Paper and board mills
Nonpaper mills
_
Exports, all grades, total. _ _
Dissolving and special alpha
All other
Imports, all grades, total
Dissolving and special alpha . _
All other___
do
do
do °
_
_
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census):
All grades, total, una d justed _ _ -thous. sh. tons.
Paper
do
Paperboard
do
Wet-machine board
do
Construction paper and board
do
Wholesale price indexes:
Book paper, A grade
.1967 = 100..
Paperboard
do
Building paper and board
do
' Revised.
1
Reported annual total; revisions not allocated to the months.
2
Less than 50 thousand barrels.
109.2
102.7
104.7
109.2
103.5
104.7
109.2
103.6
105.6
34 Revisions for Jan. and Feb. , respectively: Distillate, 6.5, 5.2; residual, 55.2, 49.6.
Series discontinued.
108.5
105.6
106.1
May 1972
SURVEY OF CURRENT BUSINESS
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1971
1971
Annual
S-37
Mar.
Apr.
May
June
July
1972
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
PULP, PAPER, AND PAPER PRODUCTS— Continued
PAPER AND PAPER PRODUCTS— Con.
Selected types of paper (APT):
Groundwood paper, uncoated:
Orders new
thous sh tons
Orders unfilled end of period
do
Shipments
do
Coated paper:
Orders new
do
Orders unfilled end of period
do
Shipments
do
Book paper, uncoated:
Orders new
do
Shipments
do
Writing and related papers:
Orders new
do _ _
Shipments
do
Unbleached kraft packaging and industrial converting papers:
Orders new
- - do
Orders unfilled end of period
do
Shipments
do
Tissue paper production
.
do
Newsprint:
Canada:
Production
_ _
Shipments from mills
Stocks at mills, end of period
United States:
Production
Shipments from mills
Stocks at mills, end of period
1,245
90
1,240
1,241
81
1,244
114
92
107
104
104
93
102
94
104
114
110
103
109
130
92
98
120
109
99
117
102
117
119
114
99
90
116
102
81
116
'113
'86
'103
105
83
104
3,163
183
3,260
3,245
'245
3,231
296
239
296
271
256
266
253
229
262
288
261
263
287
302
246
273
299
278
255
285
268
286
286
282
273
277
283
256
245
276
'249
'279
281
238
272
2,396
2,476
2,665
2,572
267
237
230
223
218
226
216
223
212
195
216
221
219
205
231
222
212
213
215
211
'220
'221
218
212
2,869
2,873
2,931
2,936
267
268
256
259
252
245
249
251
248
221
264
254
236
246
243
252
213
238
237
235
'238
'239
237
231
3,714
111
3,755
3,671
3,868
156
3,741
3,765
358
135
335
341
311
126
310
307
300
121
294
309
336
148
328
321
296
127
280
269
328
152
302
310
319
169
312
300
339
170
325
348
349
171
339
327
307
156
313
308
'346
167
324
320
310
164
309
315
do
do
do
8,607
8,592
236
8,297
8,210
323
711
683
410
670
692
388
665
666
387
638
654
371
643
621
394
678
697
375
,692
387
786
760
413
758
762
409
698
784
323
725
604
445
663
619
489
685
673
501
do
do _
_ ..do. ..
3,310
3,303
33
3,296
3,288
41
289
309
67
270
257
80
285
265
100
277
273
103
252
259
96
279
277
98
254
267
85
289
280
94
285
302
76
257
292
41
289
277
53
278
266
66
290
288
68
7,130
7,057
597
600
627
569
529
558
580
653
643
629
570
571
642
749
705
753
741
672
687
672
699
685
682
704
705
711
699
664
Consumption by publishers cf
- do Stocks at and in transit to publishers, end of
period
thous sh tons
Imports _ _ _
_ _
_ _ _ _ _ _ _
d o
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
$ per sh. ton__
6,635
6,881
570
617
570
640
501
547
608
607
610
635
591
504
550
150. 50
157.00
153. 70
158. 10
158. 10
158. 10
158. 10
158. 10
158. 10
158. 10
158. 10
158. 10
159. 70
161. 70
163. 70
Paperboard (American Paper Institute):
Orders, new (weekly avg.)
thous. sh. tons_.
Orders, unfilled §
do
Production , total (weekly avg.)
do
349
742
489
474
917
501
518
758
507
523
801
508
527
867
511
509
830
510
497
975
463
531
1,039
516
500
1,000
494
536
1,003
528
532
1,003
517
474
917
461
521
976
504
560
1,010
539
583
1,087
559
574
1,199
552
Paper products:
Shipping containers, corrugated and solid fiber,
shipments. __
_
mil. sq. ft. surf, area..
184,426
190, 705
14, 283
14,466
18, 668
16,924
15,467
15, 222
15, 538
20, 169
16, 297
16,074
14,749
15, 534
16, 285
15, 938
2, 490. 0
thous. sh.tons
mil $_. 1,225.0
2, 445. 0
1, 250. 0
211.5
107.6
202.2
102.5
196.0
100.2
209.6
106.6
186.7
95.2
204.4
105.9
208.4
109.5
208.8
109.5
204.9
' 105. 0
216.1
109.5
' 203. 7 ' 192. 2
' 105. 3 '100.1
217. 8
112.9
Folding paper boxes
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption __
thous Ig tons
Stocks, end of period.do ..
Imports, incl. latex and guayule.
_ . do ..
559. 32
102. 60
549. 92
602.33
135.06
612. 72
54.43
102. 65
41.15
49.74
98.59
42.77
49.68
105. 88
49.77
52.18
104. 93
74.53
43.45
121.96
47.62
Price, wholesale, smoked sheets (N .¥.)__$ per lb_.
.218
.180
.183
.194
.200
.178
.166
2.197.00 2 241 16
1,917.85 2 079 01
514. 78 ' 486. 16
181. 79
185. 45
497. 56
184 12
171 78
491.19
196. 59
171. 72
501. 78
182 09
181 97
487 79
Synthetic rubber:
Production.. _
Consumption _
Stocks, end of period
thous Ig tons
do
do
55 31
50.86
53.60
125.61 131. 35
69.57
54.25
54.10
124.92
44.68
49.77
126. 36
42.07
50.04
135. 06
56. 40
128.01
57.89
54.83
130. 04
51.72
63.95
.180
.179
.176
.173
.171
.180
.178
.170
187 49
14986
50530
186 97
174 00
483 90
187 01
183 40
468. 25
194 00
187 28
462. 10
194 89
170 60
480 28
196 13
176 19
486 16
199 99
182 77
487 44
192 96
184 94
481 84
Exports (Bu. of Census)
do
290.06
269. 82
27.28
24.41
25.91
20.78
24 41
29 41
35.01
14.22
9 76
15.51
26 84
26 72
Reclaimed rubber:
Production
_
Consumption _
Stocks, end of period. _
do
do
do
200. 56
199. 57
27.58
199 03
194 84
22.31
19.47
19.19
26.57
17.88
17.19
27.12
16.64
16.39
26.17
16 64
16 33
25 71
14 78
12 78
26 31
15 30
16 20
25 44
16 35
16 60
23 51
16.86
17 41
21.85
15 79
14 88
22 50
15 86
15 68
22 31
15 76
16 42
21 00
17 21
16 56
21 05
Pneumatic casings, automotive:
Production
thous
190, 403
213 110 '19 693
17 752
17, 775
18 643
15 739
17 351
18 889
19 113
17 134
17 589
19 074
19 143
20 456
Shipments, total _ _
Original equipmentReplacement equipment..
Exports.
_
do
do
do
do
194, 541
46, 135
146, 508
1 898
211 217 '18 621 21 362
55 860 ' 5 675 4 840
153* 405 '12 694 16, 329
193
1 952
' 252
19, 012
4,931
13, 889
21 546
4 993
16 388
16 355
2 649
13 552
*154
17 478
4 047
13 248
20 280
5 138
15 008
18 503
5*170
13 248
15 091
5 038
9 849
16 062
•5 245
10 644
20 317
6 019
14 130
133
86
16 392
4 936
11 345
13 814
4 318
9 315
111
180
203
173
167
do
do
50, 175
1,531
54 992 '57 656
283
1 589
54 089
53, 121
167
50 546
60 824
59 394
92
'l!3
129
136
63 186
122
49 927
*108
62 705
139
49 245
54 992
161
50 189 50 231
' 103
113
do
do
do
do
35 687
41 005
9 718
1 002
35 562
40 476
8*271
*979
2 941
3 270
9 683
2 945
3 275
9 576
2 801
3 760
8 872
' 86
2 792
3 278
8 242
3 210
3 746
8*003
' 81
3 112
3 639
7 891
2 84.7
3 092
8 110
3 390
3 607
8 627
3 477
3 532
8 877
59
79
2 863
3 035
8 271
99
.165
20.02
TIRES AND TUBES
Stocks , end of period
Exports (Bu. of Census)
Inner tubes, automotive:
Production
.
Shipments
Stocks, end of period
Exports (Bu. of Census)
_
_
3 375
3 427
9 736
85
124
192
' Revised.
* Preliminary.
« Corrected.
cMs reported by publishers accounting for about 75 percent of total newsprint consumption.
72
164
2 523
3 317
8 477
73
183
46
im
79
160
3 749
4 041
9 056
74
§Monthly data are averages for the 4-week period ending on Saturday nearest the end of the
month; annual data are as of Dec. 31.
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
Annual
May 1972
1972
1971
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
32, 227
Apr.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement
thous. bbl__ 1390,461 i 419,197
28, 308
36, 185
37, 771
44,H9
42, 212
45, 136
42, 617
43, 069
35, 954
25, 212
22, 399
23, 910
590.9
15.9
131.4
687.6
17.7
159.0
691. 1
15.8
159 9
757.8
13 8
175 6
677.5
12 8
173 0
741.7
13 3
173 4
733.9
12.4
155 1
720.2
11 9
148 5
651.6
11.8
140 1
561.3
' 507. 2
••9.2
r
109. 9
537.7
10.7
109.0
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick.. 6,r 496. 0
Structural tile, except facing
thous. sh. tons . r 181. 0
Sewer pipe and fittings, vitrified
_ . __do._
l 622.3
Facing tile (hollow) , glazed and unglazed
mil. brick equivalent
173 0
Floor and wall tile and accessories, glazed and unglazed
mil. sq. ft__
250.4
Price index, brick (common), f.o.b. plant or
N.Y. dock..
1967=100._
112 2
7,569.7
157.7
1 717 6
9.9
113 9
155 4
14 1
14.9
13 ?
14 0
12 9
13 9
12 7
13 0
12 2
11 1
»-9 2
88
276 2
23.5
23.2
21 5
25 5
23 2
25 2
24 4
24 3
23 8
22.2
'22.7
22.7
117 4
117.0
117.4
117 4
117 4
117 4
118 4
118 4
118 4
118 4
118.4
118.3
121.2
121.4
382, 969
453 982
99, 183
109 682
118,957
126, 160
131, 551
251, 418
150, 274
303 708
32, 946
66, 237
35, 589
74 093
40,773
78 184
40, 966
85 194
267 411
261 543
23 030
21 770
°2 882
93 445
21 764
24 975
21 779
23 321
19 791
18 149
20, 731
21,533
23,024
do
264 483
253 107
22 197
21 230
21 286
94 384
22 289
28 733
21 104
19 761
18 975
20 407
19, 160 r 20 185
25, 957
do
do
do
do
24 806
69 254
52 626
20' 638
24 238
66' 952
53' 189
20' 036
2 262
5' 562
4 803
1*872
1 950
5 793
4 882
1 598
1 893
5' 869
4* 951
I 501
2 047
7 348
5* 483
1 721
1 894
6*878
5* 336
l'350
3 295
6'976
5 937
2 130
2 626
5' 161
4 053
l'669
1 664
4 703
3*624
l'766
1 599
5 080
3' 455
1*732
1 566
5 024
3 918
1*757
1,869
4,789
3,433
1,748
' 2, 150
r 5, 238
3,522
r 1, 664
2,431
7,154
4,928
2,076
Wide-mouth containers:
Food (inci. packer's tumblers, jelly glasses,
and fruit jars)
thous gross
Dairy products
.
do
58 632
'379
57 208
'305
4 792
4 345
' 25
4 443
' 19
5 096
' 20
4 693
7 030
4 476
''30
f 4, 668
5,873
29
5 219
' 26
4 600
21
4 999
' 27
4 704
30
Narrow-neck and Wide-mouth containers:
Medicinal and toilet
do
Household and industrial
do
34 252
3* 896
27 645
3* 534
2 539
2 329
' 308
2 302
2 348
1 822
2 907
' 337
429
2 293
' OQK
30 084
35 369
38 263
38 642
38 866
38 220
34 117
6 128
9 462
6 262
10 437
1,273
2,210
1 617
2 622
1 806
2 816
1,565
2,788
do
8 654
10 224
2 194
2 509
2 798
2,723
do
do
4 219
* 4 305
746
63
1 264
1 216
1 101
268
69
67
69
do
do
408
588
381
94
119
102
140
98
149
88
128
122.0
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments
thous. $
Sheet (window) glass, shipments
Plate and other flat glass, shipments
Glass containers:
Production _ _
do
do
thous. gross
Shipments, domestic, total
Narrow -neck containers:
Food
Beverage
Beer
Liquor and wine
„
Stocks, end of period
do
' 3ftfi
39 999
' 391
24
2 478
901
2 324
' 97R
97Q
2 169
'245
34 243
37 285
38 104
35, 369
23
r
17
22
2 391 ' 2, 547 3,063
r 379
410
307
36, 229 * 37,593
34, 416
GYPSUM AND PRODUCTS (QTRLY)
Crude gypsum, total:
Imports
Production
thous sh tons
do
Calcined, production, total
Gypsum products sold or used, total:
Uncalcined uses___ _
Industrial uses
_
Building uses:
Plasters:
Base-coat
All other (incl. Keene's cement)
Lath
Wallboard
All other
mil. sq ft
_.
do
do
265
749
8,764
228
i 534
1
477
11 176
292
117
2 359
60
116
126
2 741
3 074
118
2,996
76
85
72
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills:
Production total 9
mil linear yd
Cotton__ __ _
do
Manmade
fiber
do
11, 545
6,395
4,991
11, 117
6,281
4, 735
21,119
2646
2462
870
490
370
885
499
376
2
1,073
848 21,062
2598
474
2457
367
892
503
383
882
493
383
21,009
2564
2438
905
504
394
921
508
406
465
657
353
297
Stocks, total, end of period? c?1. _
Cotton
Manmade
fiber
do
do
do
1,471
592
867
1,094
482
604
1,356
547
795
1,346
571
760
1,288
539
736
1,301
549
740
1,233
507
714
1,208
517
679
1,202
521
668
1,141
507
624
1,095
'480
605
1,094 ••1,096
491
482
'596
604
1,107
496
601
Orders, unfilled , total, end of period 9 If
Cotton
Manmade
fiber
do
do
do
2,434
1,525
866
2,717
1,523
1,168
2,642
1,640
964
2,711
1,638
1,036
2,768
1,686
1,046
2,703
1,617
1,055
2,701
1,596
1,078
2,599
1,507
1,068
2,425
1,395
1,007
2,393
1,352
1,018
2,552
1,446
1,081
2,717
1,523
1,168
2,884
1,608
1,252
3,068
1,760
1,280
127
365
880
4,605
7,916
515
637
2771
633
2
598
2
COTTON
Cotton (excluding linters):
Production:
GinningsA
thous running bales
10, 112
10, 227 s 10,112
Crop estimate, 480-pound bales, net weight
thous. bales.. 10, 192 10,468 • 10,192
Consumption..
do
2815
7,878
646
637
8,128
Stocks in the United States, total, end of period
^
thous. bales. . 11,900 10, 185 8,049 6,955 5,992
Domestic cotton , total
do
11,886
10, 166 8,031 6,940 5,975
On farms and in transit
___do_
1,482
778
2,389
569
541
Public storage and compresses
" do
9,257
6,547 5,577 4,606 3,672
Consuming establishments
do
1,147
1,677
1,230
1, 762
1,764
Foreign cotton, total
I_III"doIIII
14
18
19
17
15
r
1 Reported annual total; revisions ]3lot allocal;ed to the months or quart ar.
2 Revised.
Data cover 5 weeks; other months, 4 weeks.
Ginning s to Dec. 13. * (^innings to
Jan. 16. s Crop for the year 1970. 6 Crop for the y ear 1971.
9 Incluides data not sho\vn
separately,
cf Stocks (owned by weaving mills and billed andL held for others) e xclude b sdsheetirig,
toweling, and blanketing, and billed and held stocks of denims
2797
642
6 10,227
3 8, 217 49,744
2727
632
649
6 10,468
r2808
617
' 6, 474
4,896 4,252 14, 276 13, 165 12, 162 11,247 10,185 9,088 7,642
r 6, 448
4,880 4,236 14,261 13,144 12, 146 11,232 10,166 9,064 7,614
602
878
1,399
2,389
7,123
3,747
400 11,052 10,403
451
047 3,252
1,488 3,957 6,462 6,547 6,315 5,140 rr 4,1,799
2,700 2,206 1,707
1,874
1,596
1,
350
1,230
1,066
1,023
1,630 1,502 1,253
1,730
28
26
28
24
19
15
21
15
15
16
16
Dduction
brics;
pn
nished
fa
-wool)
n
polyester
IfUi ifilled or iers cover wool a Dparel (inicluding
andst ocks exclude figuies for su 3h finishe d fabrics . Orders also exckide bedstleeting, t oweling.
andb .anketins
At otal ginn ings to e nd of mo nth indi<;ated, ex cept as noted.
May 1972
SUKVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
|
1971
1971
Annual
S-39
Mar.
Apr.
May
June
July
1972
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
TEXTILE PRODUCTS—Continued
COTTON— Continued
c
otton (excluding linters)— Continued
Exports.
_
thous. balesImports
do
2,982
37
8 4, 128
38
562
g
467
3
327
3
307
2
214
1
162
3
310
5
195
0
272
(3)
417
4
337
15
402
16
437
5
Price (farm), American upland©. .cents per lb._.
Price, middling 1", avg. 12 markets©
do
»21.9
*23.6
628.5
«30.6
.22.5
23.6
23.1
23.8
22.9
24.5
23.1
25.1
22.8
25.3
27.0
26.8
27.0
27.3
27.6
27.7
28.7
28.0
29.1
30.1
30.2
32.9
30.3
33.4
27.8
33.8
31.3
35.2
mildo
bil._
do
.do
18.6
11.6
113.0
.435
70.4
18.4
11 4
113.8
.438
70.3
18.6
11 6
18.5
11 5
9.1
.456
5.6
211.3
.450
26.9
18.5
11.5
7.2
.365
4.5
18.4
11.4
8.9
.443
5.5
18.4
11.4
210.8
.433
26.7
18.5
11.4
9.1
.456
5.6
18.4
11.4
9.0
.450
5.5
18.4
11.4
210.2
.407
26.2
18.3
11 2
9.1
.453
5.5
18.2
11 1
9.1
.457
5.5
'18.3
11 0
.450
27.0
18.6
11.5
8.9
.445
5.5
18.5,
11.5
211.3
'26.9
18.3
11 0
9.2
.461
5.5
Cotton yarn, price, 36/2, combed, knit
$ per lb__
Cotton cloth:
Cotton broad woven goods over 12" in width:
Production (qtrly.)
mil. lin. yd-.
1.008
1.061
1.036
1.054
1.059
1.066
1.068
1.078
1.082
1.082
1.082
1.088
1.096
1.107
1.107
1.115
6,246
6,157
1,607
15.4
16.9
14.9
15.7
COTTON MANUFACTURES
Spindle activity (cotton system spindles) :
Active spindles, last working day, total
Consuming 100 percent cotton
Spindle hours operated, all fibers, total
Average per working day
—
Consuming 100 percent cotton
Orders, unfilled, end of period, as compared with
avg. weekly production
No. weeks' prod__
Inventories, end of period, as compared with
avg. weekly production --No. weeks' prodRatio of stocks to unfilled orders (at cotton
mills), end of period, seasonally adjusted!
Exports, raw cotton equiv
Imports, raw cotton equiv
thous. bales..
do
Mill margins:
Carded yarn cloth average
cents per lb._
Prices. wholesale:
Print cloth, 38^z-inch, 64 x 54_. cents per yard
Sheeting class B 40-inch, 48 x 44-48
do
Imports: Yarns and monofilaments
Staple, tow, and tops
20.8
14.4
13.4
12.5
14.3
16.9
16.1
16.3
17.1
4.9
5.0
6.3
4.7
4.5
4.3
4.2
4.5
4.3
4.2
4.1
.34
.31
.31
.31
.32
.34
.34
.32
.28
.26
.25
.24
25.9
37.6
25.4
48.3
26.3
41.9
23.5
51.3
24.4
48.2
28.1
52.2
36.3
76.2
13.0
27.3
23.7
21.2
45.3
85.7
33.9
75.0
31.6
59.1
37.7
58.5
43.48
43.45
43.68
44.61
44.68
45.56
45.24
44.76
44.77
44.88
44.96
45.68
46.33
45.51
16.4
16.4
21.8
16.4
21.8
16.4
22.0
17.5
23.0
17.5
23 2
17 8
24 0
18 0
24 0
18 0
24 0
4.5
5.0
6.3
.37
.28
.34
274.3
543.3
312.6
569.5
43.57
44.40
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly. total
mil Ib
6, 391. 7
Filament yarn (rayon and acetate)
do
730.8
Staple, incl tow (rayon)
do
607 4
Noncellulosic, except textile glass:
Yarn and monofilaments.
- do
1, 793. 4
Staple, incl. tow
do
1, 792.8
Textile glass
fiber
.
do
467.3
Exports: Yarns and monofllaments
Staple, tow, and tops
15.8
5.5
15 8
22 2
1,535
1,405
1,609
15.0
19.8
15.0
19.8
15.7
15.5
15 0
20 3
15.6
6, 124. 2 1,413.3
191.8
752.9
141.3
611.7
1,500.4
200.2
147.3
1, 574. 3
181.9
154. 9
1,636.2
179.0
168.2
2, 186. 8
2, 104. 3
468.5
477.8
500.0
102.4
520.6
520.1
112.2
580.3
531.0
126.2
608.1
553.2
127.7
thous. lb-_ 148, 843
do
152, 871
130,511
181, 612
14, 640
16, 041
13,220
18, 688
13,482
15,202
11, 245
16, 589
11, 387
15, 728
10,518
18, 236
10, 896
25, 155
5,609
6,967
5,490
7,505
9,186
12, 446
9,851
14,441
9,971
16, 080
9,500
20, 279
137, 054
140, 075
249, 819
175, 306
24, 252
17, 648
25,509
20,422
25,815
15,088
24,711
17,773
19, 622
15, 202
19, 449
16, 216
23, 982
20, 601
18, 220
15, 702
8,878
4,048
22,329
9,399
20, 302
8,738
15, 508
13, 808
20, 387
10, 985
.62
1 en
1.19
.62
1 05
1.18
.62
1 01
1.18
9.8
2 7.2
10.7
9.9
9.5
7.6
7.1
5.0
10.4
7.2
10.5
9.0
214.1
do
do
Stocks, producers', end of period:
Filament yarn (rayon and acetate)
mil. lb_.
Staple, incl. tow (rayon)
...do
Noncellulosic fiber, except textile glass:
Yarn and monofilaments
do
Staple, incl. tow .
... _
do
Textile glass
fiber
do
75.0
76.0
65.2
40.7
74.1
58. 5
70.8
43.8
70.3
65.2
288 3
242 6
103 8
295 6
252 2
89 4
272.9
251.8
94.4
254.4
235.8
75.4
263. 1
246.6
84.1
295.6
252.2
89.4
Prices, manmade fibers, f.o.b. producing plant:
Staple: Polyester, 1.5 denier
$ per Ib—
Yarn: Rayon (viscose) 150 denier
do
Acrylic (spun), knitting, 2/20, 3-6D— do
.61
4 93
1.39
.61
.61
.62
.62
.62
.62
.62
.62
.62
.62
1.26
1.28
1.28
1.26
1.25
1.25
1.25
1.24
1.21
1.21
Manmade fiber and silk broadwoven fabrics:
Production (qtrly ) total 9
mil lin yd
Filament yarn (100%) fabrics 9
do
Chiefly rayon and/or acetate fabrics —do
Chiefly nylon fabrics..
do
Spun yarn (100%) fab., exc. blanketing 9 . -do
Rayon and/or acetate fabrics and blends
doPolyester blends with cotton
.do
Filament and spun yarn fabrics (combinations
and mixtures)..
mil. lin. yd
WOOL
Wool consumption, mill (clean basis) :
Carpet class
Wool imports, clean yield
Duty-free (carpet class)
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
Graded fleece, $i blood
Australian, 64s, warp and half-warp
5 028 2 4 876 4 1 225.4
1 461 4 l' 422 0 339.3
'639.' 7
'517! 9 135.5
70.9
271.4
295 4
722.1
2,871.6 2, 777. 9
111.6
444.8
382.7
1, 962. 8 2,002.5 508.9
106.5
472 6
449 0
163 7
76.6
153.1
73 3
11fi 9
do
do
do
74 8
126 6
CO Q
2 13 0
26.7
11 2
62
94
5.3
11.1
69
97
5.3
11.5
63
$ per Ib
do
do
1.024
.872
.941
664
656
.802
.757
.685
.790
.708
.658
.790
.630
.640
.800
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, American
95.4
94.4
96.3
97.6
system, wholesale price
.. 1967=100
101.4
Wool broadwoven goods, exc. felts:
37 0
113 6
Production (qtrly )
mil lin yd
178 6
Price (wholesale), suiting, flannel, men's and
101.3 101.3 101.3
boys', f.o.b. mill
1967=100..
101.3
r
2
3
Revised.
i Season average.
For 5 weeks; other months, 4 weeks.
Less than 500
bales.
4 Average for 4 months, Sept.-Dec.
s Revised total; revisions not distributed
by months.
e Season average through Apr. 1972.
OBegimiing Aug 1971, prices are on
' 2 11. 5
r.460
.62
1.03
1.19
1,237.3
362.6
129.1
80.3
711.1
1,147.8
343.0
125.5
71.5
639.0
1, 265. 9
377.1
127.8
72.7
705.7
98.1
515.6
83.3
462.3
89.7
515.7
108.2
109.3
125.0
2
12 1
27.2
10.4
70
73
4.8
13.8
11 3
80
6.6
17.0
13 4
.597
.640
.828
.590
.640
.802
.595
.640
.795
95.0
93.3
93.3
32 6
2
2
.62
1 01
1.20
10 7
27! 5
13.3
84
88
7.0
5.3
29
7.7
6.4
1.0
.8
.610
.640
.795
.610
.621
.780
.605
.593
.805
.615
.525
.839
.625
.525
.890
.640
.550
1.030
.708
.577
1.001
.744
.696
1.095
92.0
91.1
91.1
88.3
89.2
89.2
90.2
52.6
22.7
28.3
7.2
5.4
21.3
100. 1
480-lb. net-weight bale basis (for earlier months, on 500-lb. gross-weight bale basis); to compute
comparable prices for earlier months' multiply farm price by 1.04167 and market price by
1.0438.
J Revisions for 1967-70 are available.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
1972
1971
Mar.
Annual
May 1972
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
18 750
19 690
16 640
13 835
15 172
15 932
19 325
Apr.
TEXTILE PRODUCTS—Continued
APPAREL
231,795
Hosiery, shipments..
thous. doz. pairs
Men's apparel, cuttingsrt
Tailored garments:
Suits
thous. units
17, 694
11,750
Coats (separate) , dress and sport
do
Trousers (separate) , dress and sport . _ do
173, 599
Shirts (woven), dress and sport
thous. doz._. 20, 792
Women's, misses', juniors' apparel, cuttings:!
Coats
_ _:
thous. units _-. 21, 769
251, 540
Dresses
.,
do
13, 250
Blouses and shirts
- thous. doz
6,927
Skirts
.
_
- .do
209, 726
17, 595
13, 430
11, 503
179, 732
19, 741
1 317
1 264
17, 683
1,692
16 188
1,776
15 186
1,628
1,218
23, 085
1,311
1,140
24,128
1,205
389
1,145
19, 534
1,056
17,033
240, 266
12, 590
5,494
1 317
890
466
16 720
959
16 975
996
404
20 684
18750
18643
1 067
672
1 188
1 135
974
1 023 1 086
656
15,209 13, 463 15,080 14,' 721
1 274 1 618
1 772
1,785
1,518
20,739
1,045
539
1,475
17 737
951
464
1,606
19,405
988
481
1,661
19, 784
1 031
535
1 120 1 063 1 029
1 232 1 076
1 067
14, 696 15 087 13 430
1,722
1,824
1, 603
1,795
20, 841
1,112
587
1,717
19, 323
981
421
1,289
16, 327
786
402
1 208 1 171 1 320
1 088 1 198 1 279
15 503 14, 889 17, 476
1,770 r 1, 713
1,797
1,344 r 1, 245
18, 386 ' 23,872
1,106 ' 1, 196
509
»-592
1,128
23,686
1,266
594
358.1 «• 480. 9
'3,303 «• 3, 781
144. 8
142. 7
635.3
6,188
298.1
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (net), qtrly. total.
.mil. $
U S. Government
do
Prime contract - do
Sales (net), receipts, or billings, qtrly. total .-do U S Government
do
21, 161
15, 116
19, 010
24, 752
16, 407
21, 614
14, 744
19,200
21, 625
14, 066
5,171
3,466
4,629
5,424
3,479
4,153
2,677
3,640
6,154
4 024
6,671
4,948
8,062
4,816
3,266
5, 619
3,653
4,869
5,231
3,297
Backlog of orders end of period $
do
U S. Government
do
Aircraft (complete) and parts
do
Engines (aircraft) and parts
do
Missiles, space vehicle systems, engines, propul-.
sion units, and parts
mil $
Other related operations (conversions, modifications), products, services
mil $
24,705
12, 882
13, 264
2,449
21, 808
13,330
9,561
2,272
24,489
12, 972
12, 926
2,447
22 458
11 581
11,419
2,185
24, 028
13, 109
12,315
2,343
21 808
13, 330
9,561
2,272
4,522
4,664
4,335
3 971
4,509
4,664
2,791
2,979
2,575
2,658
2,777
2,979
3, 297. 5
48, 818
1, 906. 8
389.8
6,333
313.4
243.9
4.414
207.6
418.6
6,968
253.6
306.9
4,431
105.0
154.9
2,299
72.8
119.1
2,125
108.4
195.0
2,847
122.8
211.1
3,480
126.3
388. 0
3,822
112.4
430.5
4,687
195.9
8, 239. 3 10,637.7 1,057.4
992.4
7, 753. 0 10, 036. 0
865.2
6, 546. 8 8, 584. 6
815.9
6, 187. 3 8, 121. 7
1, 692. 4 2, 053. 1 192.2
176.5
1, 565. 7 1, 914. 3
921.6
863.0
750.4
703.6
171.2
159.4
930.8 1, 008. 2
867.9
945.9
809.8
767.3
716.7
761.3
163.4
198.4
151.2
184.6
608.6
577.2
490.5
468.9
118.1
108.3
639.9
602.1
484.8
457.6
155.1
144.5
951.1
892.3
757.8
712.0
193.3
180.2
988.3
943.1
793.5
758.6
194.8
184.5
963.3
917.0
773.5
736.6
189.8
180.4
786.1
745.0
623.4
593.2
162.7
151.8
889.1
847.2
698. 0
666.0
191.1
181.2
Aircraft (complete) :
Shipments
Airft ame weight
"Exports, commercial.
do
thous Ib
mil. $
3, 605. 0
59, 436
1, 527. 2
1
MOTOR VEHICLES
Factory sales (from plants in U.S.), total
Domestic
Passenger cars, total
Domestic
Trucks and buses, total ...
Domestic
thous ._
do
do do
.do
do
Retail sales, new passenger cars :
Total, not seasonally adjusted—.
_ . thous. . 8,405
Domestics Ado
7,119
Imports Ado
1,285
Total, seasonally adjusted at annual rates. . .mil..
Domestics A.
do
ImportsA
.do
Retail inventories, new cars (domestics), end of
period: A
Not seasonally adjusted
thous. Seasonally adjusted
do
1,220
1,294
10,252
8,681
1,570
897
756
141
10.0
8.5
1.6
885
737
148
10.0
8.3
1.7
890
748
142
9.8
8.2
1.6
956
798
158
9.8
8.1
1.7
817
668
149
9.8
8.1
1.7
725
566
160
10.1
8.3
1.9
884
756
129
12.2
10.8
1.5
1,051
934
117
11.3
10.0
1.4
962
848
114
10.9
9.4
1.5
741
649
92
9.3
8.0
1.3
721
610
111
10.3
8.8
1.5
813
698
115
10.4
8.9
1.5
913
772
141
10.3
8.7
1.6
899
774
125
10.6
9.1
1.5
1,447
1,590
1,683
1,530
1,707
1,557
1,753
1,579
1,799
1,609
1,582
1,580
1,569
1,681
1,591
1,691
1,481
1,660
1,446
Ij595
1,447
1, 590
1,588
1,521
1,884
1, 566
1,741
1,578
1,782
1,628
2.2
2.2
2.3
2.4
2.3
2.4
1.9
2.0
2.0
2.4
2.1
2.1
2.2
2.2
41.52
37.14
10.76
35.12
31.58
9.42
48.62
46.07
9.34
40.75
38.47
9.34
21.27
19.48
6.96
19.97
18.74
6.67
37.95
32.86
9.98
29.73
27.02
7.71
32.04
29. 39
7.53
26.62
22.44
8.50
25.11
22.13
7.37
28.22
25.00
9.99
34.56
31.59
10.16
233. 92
81.09
12.77
7,852
4,748
222. 70
69.01
10.38
8,347
4,897
230.00
77. 64
10.38
7,467
4,415
242. 53
84.73
12.07
8, 672
5,244
183.42
37.34
8.83
8,505
5,260
205. 45
49.64
7.83
8,469
5,367
227.04
67.53
13.32
9,620
6,353
194. 65
72.35
16.18
10, 598
7,315
215. 30
77.81
21.33
9,652
6,483
229.09
67.78
25.66
10,721
7, 260
1,523
1,192
1,240
1,122
1,723
2,576
1,844
1,483
1,833
1,878
Inventory-sales ratio, new cars (domestics) A
ratio ..
Exports (Bureau of the Census):
386. 64
Passenger cars (new) , assembled. . _
thous. . 285. 04
348. 40
To Canada
do
245. 62
100. 04
Trucks and buses (new), assembled
do
93.87
Imports (Bureau of the Census) :
Passenger cars (new) complete units
do
2,013.42 2,587.48
From Canada total
do
802. 28
692. 78
Trucks and buses, complete units
do
160. 87
i 115. 82
Truck trailers (complete), shipments. .... number.. 105, 709 103, 784
V ans
do
65, 785
71, 274
Trailer bodies and chassis (detachable), sold
separately
number
18,509
26, 138
Registrations (new vehicles):©
Passenger cars.
Imports, incl. domestically sponsored
Trucks
954.3 1,038.3 2 997. 5
910.0 983.4
806.5 2 777< 7
748.3
716.1 765.2
206.1 231.8 2219.8
193.9 218.3
thous__ • 8,388.2 149,729.1 « 820. 3
833.5 4 838. 7 4 897. 0 4 806. 0 4 780. 6 4 791. 0
do
» 1,231.0 141,465.7 s 132.6 3 127.8 4 129.7 4142.1 4 134.3 4 145.4 4 128. 6
do
181,790.2 141,981.3 s 158. 2 3 168. 4 4 171. 5 4178.1 4 177. 6 4 166. 7 4 153. 9
215. 64 226. 78 258. 77
81.44
75.75
59.30
20.14 e 21. 95 21.73
9,947 r 11,309 13,045
7,039 ' 7, 770 9,032
2,147
2,207
2,836
4 922. 3 44 934. 7 4 885. 0 4 685. 1 4 680. 0 4 828. 1
103. 7 498.2 491.4 497.1 4 122. 5
4 115. 9
4 183. 4 4 193. 9 4206.8 4 165. 0 4 165. 7 4 203. 1
RAILROAD EQUIPMENT
Freight cars (all railroads and private car lines):
Shipments
._
number..
Equipment manufacturers
do
New orders
__
__.
_ .do
Equipment manufacturers
do
Unfilled orders, end of period..
__do _ _
Equipment manufacturers
do ___
Freight cars (revenue), class 1 railroads (AAR):§
Nu in her owned, end of period
_ _ . .thous.Held for repairs, % of total owned
...
Capacity (carrying), aggregate, end of period
mil. tons_.
Averasre p e r e a r _ _ _ _ _
_.
ton?..
i 66, 185
i 52, 411
1 50, 293
i 42, 530
27, 552
22,320
155,307
i 47, 990
152,482
i 46, 913
22, 221
18,753
5,026
4,262
5,304
3,885
25, 193
19, 948
5,497
4,431
4,107
3,782
23, 563
19, 059
5, 252
4,381
6,670
6,570
24, 944
21,227
5,401
4,205
8,521
6,321
27, 977
23, 256
3,305
2,696
3,807
3,652
28,547
24, 280
3,329
2,852
1,211
1,211
26,429
22, 639
4,701
4,144
1,534
1,534
23,113
19,880
4,865
4,569
7,473
6,873
25,863
22, 426
4,159
4,046
3,518
3,418
25, 213
21, 789
4,807
4,551
3,933
3,633
22, 221
18,753
4,211
3,965
3,780
2,320
21, 865
17, 183
3,567
3, 327
2,125
2, 025
19, 490
14, 948
4,580
4,351
3,662
3,462
18,592
14,079
1,423
5.7
1,422
5.6
1,430
5.6
1,431
5.6
1,431
5.5
1,431
5.5
1,430
5.4
1,428
5.7
1,427
5.7
1,426
5.6
1,426
5.7
1,422
5.6
1,422
5.8
1,441
5.7
1,439
5.8
95.64
67.19
97.14
68.29
96.38
67.37
96.70
67.55
96.82
67.66
96.%
67.76
96.96
67.82
96.92
67.91
97.00
67.98
97. 15
68.13
97.22
68.19
97.14
68.29
97,33
68.44
98.82
68.56
•• Revised.
i Annual total includes revisions not4 distributed by months.
2 Estimate
5
of production.
s Omits data for three States. . Omits data for two States.
Omits
data for one State.
^Effective Feb. 1972, imports include trucks valued less than $1,000 each.
{Monthly revisions (1970) appear in Census report, Apparel Survey, 1970, MA-23A(70)-1.
9 Total includes backlog for nonrelated products and services and basic research.
ADomestics include U.S.-type cars produced in the United States and Canada; imports
cover foreign-type cars and captive imports, and exclude domestics produced in Canada.
0 Courtesy of R. L. Polk & Co.; republication prohibited.
§Excludes railroad-owned private refrigerator cars and private line cars.
INDEX" TO
STATISTICS, Pages S1-S40;
SECTIONS
General:
Business indicators. , , . . . . . ;; ..... ...... . . . . . 1-7
Commodity prices. . . , . * • , , . . . . , ,________. . . . . . 7-9
Construction and real estate, ., . . . , , . , . , , . . , , 9, 10
Domestic trade.. , , , ' ..... :.,. .^ ... , t . . . . , , . . * . . ; 11, 12
Labor force, employment, and earnings. » , , , . .
Finance. , . . ; . . . , „ , . . ' . . , . . • , ; , . . ' . . , ' < . » » . . , . , . . .
Foreign trade of the United States. . . . , . . , ; . ' . . .
Transportation and communications. . . . . . . . . .
13-16
16-21
21-23
23,24
Chemicals and allied products. . . . . . . . . . . ____ . 24, 25
Electric power and gas. . . . . . . . . . . ..... . . . . . . 25, 26
Food and kindred products; tobacco. . . . . . . . . . 26-40
Leather and products. , , . » ; . . . . . . . . . , , . . . . , . :
30
Lumber and products. . , * . . , , .v , . „ - . . » .:. . . . . . . .
31
Metals and manufactures. , v » * , . - . . , . . . . . . • / . . , . 31-34
Petroleum, coal, and products. » . . .' ....... , , . » 34-36
Pulp, paper, and paper products, > , , . . . . . . . * . . 36, 37
Rubber and rubber products...
Sitone, clay* and glass products.
Textile products..............
Transportation equipment.....
37
38
30-40
40
INDIVIDXJA& SERIES
Advertising...........;.. . , . , . . , . . , . . ; . » . . . » II,16
Aerospace vehicles,. + . v .
. . . . . .\ . . . 4,40
Agricultural loans.. . * . , « . .
16
Air carrier operations.
»7..
23
Air conditioners {room)..... . . , , . . . . » . » . . . . . . .
34
Aircraft and p a r t s . . . , , . . , . . , „ . . . . . , . . ; . . . . . . 6,7,40
Alcohol, denatured and e t h y l . , , . . . . , . , . ,
.,
25
Alcoholic beverages,
.,..:...,»,
. . . . . 11,26
Aluminum. » . , , . » , . , . , ; . • „ ' . , „ . . ; . . . . . .
33
Apparel
• . . . . , . • . . . , . , . . . 1,3,4,8,9,11-15,40
Asphalt and tar products. . , , , , . . , . . . < , . . . , .
» 35,36
Automobiles, etc.... V.. 1,3-6,8,9,11,12,19,22,23,40
Balance of international p a y m e n t s . » , . . , . . . ; » . , ,
2,3
Banking.
.;..,.............
16,17
Barley,..,
,....,,
27
Battery shipments
34
Beef and v e a l . „ , . , , . . , . . . . , , , •
,.,....;,...
28
Beverages,
.,,,...
8,11,22,23.26
Blast furnaces, steel worjts, etc
..:..
5-7
Bonds, outstanding, issued, prices, sales; yields,... 19,20
Brass and bronze. . . . . . » , , . . . , . , , „ . , , , . «
,.
33
Brick..„.,,;.
,...;;. . , _ , . . . . . . . . . . . . . . . .
38
Building and construction materials,,,...,..'/..„• 4-7,
^ .„
9,10,31,36,38
Building c o s t s . . . . . . . , ; , . . , . . ; . . . . . . . . . . , . . . , ,
10
Building permits. , . , . • . , , , „ . . . , ; , . . . , , . , . , - . . > .
10
Business incorporations (new), failures. . . . . . . . . .
7
Business sales and inventories,..
..........
5
Butter.. „ . . . ; . . * . . . . .\..,..;.,;'.
,......•.,.„
26
Cattle and calves,.. ; ,,, V . . . . . , v . . , , / , . . 4 . . . . .
28
Cement and concrete p r o d u c t s . • * , » . . , . , « .
9,10,38
Cereal and bakery p r o d u c t s . . . . , . . . . . , . . . ; . » , « .
8
Chain-store sales, firms with 11 or more stores...
12
Cheese........7*'....».....,.;.;......,.;..,,
26
Chemical*.,
, . . . , . . . , , . . , / 4-6,8,13-15,19,22-25
Cigarettes and cigars,......
'.......*..,......
30
Clay products,....,.-...... , . . . . . ; . , • , ' . . . , , <
9,38
C o a l , , . . . . . . . . . . . . . , V ; . , , » . » . ; . . . , . . , 4,8,22,34,35
Coitoa...<.,,»...,;............
23,29
Coffee,..
. , , . , . . . ; . . v . ; . . , , . . . , . . . . . * . . . ' . . , . 23,29
• Coke,. •.•.,.'..;'-...•,'.,.„-.. V i ; i '......,;./,.,./. 1 .•. * -35'
Combustion, atmosphere, heating equipment,....
34
Communication.,,...,.......;.,,. ^
2,20,24
Confectionery, sales..,.. ; . » . , , . ' . . . ' . J . . - . ' . . « 4 . . . „ •
29
Construction;
Contracts. . . . . . • . . . ' . . • . ' . . . . v . . . , : . , » , » > . . ; , . . .
10
Costs.,....,,...,,,./;. v . - . ; , . . , . . . . . . , ; . ' . . ' - 10
Employment, unemployment, hours, earnings.. 13-15
Fixed investment, structures.......... I
1
High ways and roads.. »,,..'-.;; j / . . , , ; . . , . . . . ' . 9, 10
Housing starts. . . . . . . . . . . . . . » V V , . . . , « ' . ~ , .
10
Materials output indexes,., , < . . . . . . . . . , . . . . .
10
New construction put in p l a c e . ; , , . . . . . . , . . . .
9
Consumer c r e d i t . , . , . . . . , . . » . , . . « . . . . . . . , , _ . . 17,18
Consumer expenditures.;,,•,.,/...*... .*,v, . , . ' , , » * .
1
Consumer goods output, index. * . ' . . » ' „ 1 ..'„ v ; ' . . „ . ' 3, 4
Consumer price index . * . , . . » . . , . . » , . , . » , , , . , „ ,
8
Copper,......... { . . . . . , . ; ; t , ; , , ; ; . ' ; . . . ; . 33
C o r n . . . . . . . . . . . . . t . . , . . . < . „ „ I „ „ . . . . ' . „ ; v . . . . . . . . 27
Cost of living (see Consumer price index)!.;....!
8
Cotton, raw and manufactures.,
«.7,9,22,38,39
Cottonseed cake and meal and o i l . . . . . . . . . . . . . .
30
Credit, short- and intermediate-term. . . , . . / ,
17,18
Crops........,-.;',. < . . ; . , . . , . . ; : , , . ; . . ; , , 3,7,27,30,38
Crude o i l . , . , . . , , , . . . . . . . . . .
; , . . .V,,; . ; . . . . 4, 35
Currency in c i r c u l a t i o n . ; ' . . . » . . . . , < , , . > . „ „ . ; , , . .
19
Dairy products.... . U . - . . . , . - . . - , - . . .... /.. 3,7,8,26,27
Debits,, bank..... v , , , . . . . . ; . . , . . . . , , , , , . . . . < .
16
Debt, U,gf. G o v e r n m e n t , . . . . . , . ; , , . . . . , . ,
18
Department stores.
,
, , .t
llf 12
Deposits, b a n k . . . . . , , . ; . _ , . ; , . , . , . . . , . . . , . 16,17,19
Dishwashers.
.,...,..,...,,.. ;4;....
34
Disputes, industrial. . . . ; . . . . , . . _ , , . . . . v ; . .',
16
Distilled spirits..,.,
....,..;
. . . . . . . . \ 26
Dividend payments, rates, and yields....... 2,3,19-21
Drug stores, sales.,.«V.. i . . . . . . . . . >; ....,.,, , . 11, J2
Earnings, weekly and h o u r l y . . . . . . . . .
......
15
Eating and drinking p l a c e t . . . . . . . . . . . . . . . . . . . . 11,12
Eggs and poultry.
3,7,8,28,29
Electric p o w e r . , . , . , ,
,„
4,8,25,26
Electrical machinery and equipment............ 4-7,
9,13-15,19,22,23,34
Electronic components.,.;.,..,,..,,»,.,..
34
Employment estimates......
. . . . . . . . . . . . . 13,14
Expenditures, U.S. G o v e r n m e n t . . . . . . . . . . . . . . . .
18
Explosives. . , , . . , . . , , „ » » » . . . , , . , , . . . . . , ; , . . . .
25
.Exports (see also individual commodities)..., 1,2,21-23
Failures, industrial and commercial.............
7
Farm income, marketings, and prices
2,3,7,8
Farm w a g e s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
Fatsanduils...
8,22,23,29,30
Federal Government
finance...................
18
Federal Reserve banks, condition o f , . . . . . , , , . , , .
16
Federal Reserve member banks
»»
17
Fertilizers.
8,25
Fire losses..,,....
,
10
Fish oils and
fish.......
29
Flooring, hardwood.
31
Flour, wheat.,
28
Food products.......... 1,4-8,11-15,19,22,23,26-30
Foreclosures, real estate
10
Foreign trade (see also individual commod.). * . . . 21-23
Foundry equipment,
»......,»,.
34
Freight cars ( e q u i p m e n t ) . , , , . . . . , , . , ,
40
Fruits and V e g e t a b l e s . . . . . . . . . . . , »
7,8
Fuel oil.
;
35,36
Fuels.
4,8,22,23,34-36
Furnaces.
34
Furniture....,
,.
. . , . . , , , . . . . 4,8,11-15
Gas, output, prices, sales, revenues*
4,8,26
G a s o l i n e , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,35
Glass and p r o d u c t s . . . . . . . . , , . . , , , . . . . . . . . . , . .
38
Glycerin....................
25
Gold,
19
Grains and p r o d u c t s . . . . . . . . . . . . . . . . . . . 7,8,22,27,28
Grocery s t o r e s . . . . . . . . . . . . . . . . . . . . . . . . . . .
11,12
Gross national product, . „ . . . . , . « „ » , . . . , . , . . . . ,
1
Gross private domestic investment..............
1
Gypsum and p r o d u c t s . . . . . . . . . . . . . . . . . . . . . . . . . 9,38
Hardware stores. . ; * , . . . . « . . . .
11
Heating equipment.
9,34
Hides and skins.,.
9,30
Highways and road*.
9,10
Hogs,.
Vv
.....,..../.
;
28
Home electronic equipment,...
.............
8
Home Loan banks, outstanding advances........
10
Home mortgages. . . . . . ^ . . . . . . . . . . . . . . . . . . . . . .
10
Hosiery.
^.
40
Hotels, and motor*hntel8
.+ . . . . .
24
Hours, average weekly., ; * , . . . . .
............
14
Housefurnishinps. . , , , . , . , ,
. . . . . . . . . 1, 4,8,11,12
Household appliances, radios, and television sets*
4,
8,11,34
Housing starts and p e r m i t s . . . . . . . . . . . . . . . . . . . .
10
Imports (see also individual commodities).. . 1,2,22,23
Income, personal. * . . . . . . . . . . . . , . . . , . . ; , , . . . . . 2,3
Income and employment tax receipts,.,.,,,,;.,,
18
Industrial production indexes:
By industry.......
. . . . . . . . 3,4
By market grouping.. . . . , /
^
3,4
Installment credit.
12,17,18
Instruments and related products*.......,, 4-6,, 13-15
Insurance, l i f e . . . . . . . . . . , , ; * . . . ,
..
. . . . 18,19
Interest and money rates.,,..;. + ,
..........
17
Inventories, manufacturers* and trade,...... 5,6,11,12
Inventory-sales ratios..«..;.
....,»..,....».
5
Iron and s t e e L U v . . . . . . . . . 4-7,9,10,19,22,23,31,32
Labor *dvertiaing index, etoppagea, turnover.. V.,,
1€
Labor force.,
,\ .
13
Lamb and mutton
,.
28
Lard........................................
28
Lead..................
...
...........
33
Leather and products,
4,9,13-15,30
Life insurance.
18,19
Unseed oil.
30
Livestock,
3,7,8,28
Loans, real estate, agricultural, bank, brokers*
(see also Consumer credit).......... 10,16,17,18,20
Lubricants. . . . . . . . . . . , * , . . » . . , , , . , . . . , . . . . , . , 35,36
Lumber and p r o d u c t s . . . . . . . . . . . . . . . 4,9,10-15,19* 31
Machine tools
34
M a c h i n e r y . . . . . . . . . . . . . . . . . 4-7,9,13-15,19,22,23,34
Mail order houses, s a l e s . . ; . , . . . . . . » . , . . . . . . . . .
11
Man-hours, aggregate, and indexes
14,15
Manmade fibers and manufactures.
9,39
Manufacturers9 sales (or shipments), inventories,
orders,
...*...
5-7
Manufacturing employment, unemployment, production workers, hours, man-hours, earnings.. . 13-15
Manufacturing production indexes,
3,4
Margarine...............
.,.....,,,......
29
Meat animals and m e a t s . . , . . . , . , . . . . 3,7,8,22,23,28
Medical and personal c a r e . . . . . . . . . . . . . . . . . . . . .
8
M e t a l s . . . . . . . . . . . . . . . . . . . . . . . 4-7,9,19,22,23,31-33
M i l k . . . . . . . . . . . . . . ;.,.; . . . . . . . . . . . . . . . . . . . . .
27
Mining and minerals
2-4,9,13-15,19
Monetary statistics.
19
Money supply.
19
Mortgage applications, loans, rates
10,16,17,18
Motor carriers,...,
..
. . . . . . . . . v . . . . . . . 23,24
Motor v e h i c l e s , . . . , , . . . . . . 1,4-6,8,9,11,19,22,23,40
Motors and generators,
34
National defense expenditures. . . . . . . . . . . . . . . . . . 1, 18
National income and product . , , ; , , . . , . , , . . . ; . . 1, 2
National parks, visits. * . , . : ....... . . . . . . , * .- . . . .
24
Newsprint ..... » . , , . . , » > . . . . , , , ..... . ...... . /. 23,37
New York Stock Exchange, selected data. . . . . . , . 20,21
Nonferrous metals. , . . , . ---- . ; . . . , . . 4, 9, 19, 22, 23, 33
Noninstallment credit. . , . . . . , , ; . . . . , , . . . . , . . . . .
18
Oats, . . . . . . . . . . . . . . . . . . . . ..... . ..... . . . . . . . .
27
OUs and fats. . . . „•/ . . . . . . . .. . , . . . . . . . , 8, 22, 23, 29, 30
Orders, new and unfilled* manufactures'. ; • , „ » . » . ; .
6, 7
Ordnance, . . . . . . . ^ . , , , , , . . . , . . , , . . . . . . . . . . . . 13-15
Paint and paint materials. . . . . . . . . . . . . . . . ; , . . , . 8,25
Paper and products and pulp . . . . . . . . . . . . ..... . . 4-4,
9,13-15,19,23,36,37
Parity ratio. , . , . . . . , . . . . , . . . . , , , , , , . . ; , , . ,\. .
7
Passenger ears,.....;....... 1,3-6,8,9,11,12,19,22,23,40
Passports issued. . .____, . . . . . . . . . ; . . . . . , . , . . . ,
24
Personal consumption expenditures. . . , . . . . . , , , . .
1
Persona) income. , , . , . . , , , . . . „ . . . . , « . . ; . . , , . „ . 2, 3
Personal outlays, ., » . . . * . , . . , , , . . . ..... . . . . . . . .
2
Petroleum and products. . . , . . . . ; . . , . , . . , , , , » , „' 4-6,
8,11-15,19,22,23,35,36
Pig iron. . , . . , . . , , . . . . . . . . . . _ , _ . , . . , , , . . , . 31,32
Plant and equipment expenditures. » , „ ; . « . . ' , . ' . . . »
2
Plastics and resin materials. . . . . . . . , . . , , , , , . . . .
25
Population...,.,...,.,.......____. . . . . . . . , . , .
13
Pork................. ..... . . . . . . . . . . . . . . . . . .
28
Poultry and uggs. . ,^ . . . . . . . . . . . ^ _ , , . , , 3, 7, 8, 28, 29
Prices (see also individual commodities) , , , . . . , . .
7-9
Printing and publishing. . , . , . _ . . . . . . . . . , . . . 4, 13-15
Private sector employment, hours, earnings , . . ; . „ 13-1$
Profits, corporate. . . . »____* . . , , . . < . » , , . . . . , , . , , 2, 19
Public utilities, . . . . .\ . . . . . . . . . . . . 2-4,9, 19-21, 25, 26
Pulp and pulpwood. . . . . . .____. . . . . . . . . . . . . . . .
36
Purchasing power of the dollar . . . . . » , » . , * . » . . . .
9
Radio and television. . . , . . . . . . . . . . . . . . . . . . . . 4, 11, 34
Railroads... . . . . . . . . . . . . . . . . . . . 2,15,16,20,21,24,40
Ranges. . , , . . , » . , . » , . . . . . . » . . . , . . . . , , » . . . . » . , , , , . ,
34
Rayon and acetate. . . . . . . ;. . . . . . . . . . . . . . . . . . .
39
Real estate. . . . . , . ..... . , , . , , , . . , . , /. , ...... 10, 17, 18
Receipts, U.S. Government ; , . , . . . . , . . . . + . . . . . .
18
Recreation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . . . .
8
Refrigerators. . . . . . . . . . . . . . + . , . . . « , . , , . . ; . . , . . , . , ,
34
Registration <new vehicles) . , » . . . . . ; . . . . . . . . . . . . . . 4 9
Rent (housing), . . ........ . . . . . . . . . . . . . . . . . . . . .
8
Retail trade.. . . . . . . . . . . . . . . . . . . . . . . . . ; 5,7,11-15,17
Ric«. , . . . . , . . . . , , . . . . ;„•;.;,/.„„ . . . . . . . . . . . .
V
Roofing and tiding, asphalt,..,.,.. ...... . . . . . . .
36
Rubber
and products (incl. plastics).
~
' , , . . . . . ., . . 4-6,
Saving, personal. . . . ^ . . . , , , , . . . . . , » . . . . . , , . . .
2
Savings deposits. . . . . . . . . . , . . . . , , . , . , . . . . . . , . .
17
Securities issued. ; . . . . . . ; . . , . . . , . . . . . . . .: „ . ... ,19,20
Security markets. . . . * . . . , . . . » . , . . . I . . . * , , , . . . 20, 21
Services. 1 . » < ; . , , , , , . . . . . . . . . . . . . . . . . ... . , 1, 8, 13-15
Sheep and lambs . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28
Shoes and other footwear. * , . . . , . . . . I . . . . . 9, 11, 12, 30
.Silver^ , ....... , . . „ . . ;.-.; .; . „ V, . . . ,;. ,.. . . . .V,./- ;' 10
Soybean cake and meal and oil. . . . i . . . . . . . . . . . .
30
Spindle activity, cotton . * , , , . . . * . . , * . , , . , , ; . . ,
39
Steel (raw) and steel manufactures ... . . . . 22, 23, 31, 32
Steel scrap*;. ,\ , ,',< . .: ..,.,...;.,.;. ;. . . ; ,'»'. . . . , . . . . , .
- 31-.
Stock market customerfinancing; ; . . . ; . . . , . » » * » - . '
20
Stock prices, earnings, sales, etc. . . . . . . . . . . . . . . . 20, 21
Stone, clay, glass products . , . . . . . . . 4-4, 9, 13-1$, 19, 38
Sugar. ', . . . . . . . . . J . . . , , . . ; . . . . ^ .. U; . . ; . , , , . 23,29
Sulfur,,. ...',. ..,.;,.-....:v,.,. ;..;»..,'.,/..,v .:25 '
Sulfuricacid;.,.. , . . ; . , . . . . . . v . .;. . . . . ; . . . . . . .
Superphosphate . , - . » ; • * . ; /^X .,;.'..» . ^ , •* .^. ;..-,.'..
24
25
' T*a imports^ . . . ; . . , . .;.,.'-.'. ,;. , , . ^ . /; , ; . . . . . , . . . ' ,' '29"
telephone and telegraph carriers . . . . . . . . . . . . . . .
24
Television and radio. ... . . . . . . . . . . . . . » . . , , . . . ; 4,11, 34
Textiles and products. . . . 4-6, 9, 13-15, 19, 22, 23, 38^-40
Tin, . v.-.-:V; . . ^ . ,.-.-.'. .'t'.?^ . ;.;',. . .'»s . . , . , , , .'. . 'SS •
Tires and inner tubes. . , . . , •;•.; . . . . . .1 . . . . . 9, 11, 12, 37
Tobacco and manufactures. ,% . , * . . 4-7^9, 11, 13-15, 30
Tractors. . . . •*' . .; ,'. ,/. Vv.'-. • ', .•; .'. . *\*. . . .'. ;'. . .' . -» '-' ' * 34'
Trade (retail and wholesale). . . . . . . ... . . . . . . , 5* 11, 12
Transit lines, local. . . . . . , , * . . . , . . . . . , . , ; . . . . . .
23
Transportation. , . ; , . , . . . , . V . . ..... . . 1, 2; 8> 13, 23, 24
Transportation equipment. . . _______ 4-7, 13-15, 19, 40
" Travel. .;. ,.. ., /. . . . .v . . , . . . v.- /..'.., .-. , ; . ; . . . , 23,24 \
Truclc trailers. . . . . . . . . . . . . . . . . . . , . , . , . . . , , . . ,
40 .,
Truck* (industrial and other), » , . . _ ..... ,, . . . . . . 34,40
Unemployment and insurance. . . > ---- V, . . , . . . . . 13^ 16
U,S, Government bonds. . . . . f , . . . , . . . . . . . , . 16-18, 20
U*S, Government finance, , , + . , i . i . . . . . * . . . — .
IS
. . . .... . ; . . ; ....... ..... 2-4,9,19-21,25,26
Vacuum cleaners . . . . . •; , -A . . . . . . , . . . . ; . . ,« v . , . +
34
Variety stores, . . . . . . . . . . . . . . . . . , . . _ « . . . . . « . . 11» 12
Vegetable oils, . . . . .____. . . . . . . . . . , /, ... . . . > 23^ 29,30
Vegetables and fruits. . . . ....... . . . . . . . . . . . . . . . .
7, 8
Veterans* benefits. . . ... . « . . » , ; , » , . , . . . . . . . . . . *
16
Wages and salaries, .v . . , . . , . . . . ,'. . . . . « . I - V . . . . 2. 3. 15
Washers and dryers. , . , , . . . . . . . . . . . . . . . . . . . . .
34
Water heaters. . . , . . . . . , . , . . . . . . . , . . . . . , . . . . . , ^ 34
Wheat and wheat flour. , . . . , . . . . . , . . . * . . . . . . . . ^7, 28
Wholesale price indexes. . . . * . . , . . . . . . , , . . . , . ... »» 9
Wholesaletirade,. . . . . . . . . . . .V . . . ; . ; , ..... 5, 7, 11, 13-15
Wood pulp, . * . , . . . . . . . . . . . . . . . . . . . . . . . . > - .' .
J6
Wool and wool manufactures, ; » » , „ , ; . . » » • - • » • < « ?, 39
Zinc,
33
UNITED STATES
GOVERNMENT PRINTING OFFICE
PUBLIC D O C U M E N T S D E P A R T M E N T
WASHINGTON, D.C. 2O4O2
OFFICIAL BUSINESS
Comprehensive Financial and Operating Data on
U.S. Direct Investments Abroad
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Part I of the 1966 survey report, published in December 1970, covers balance of payments flows arid earnings. It is
available from the Superintendent of Documents.
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Part II: Investment Position, Financial and Operating Data
| Group 1: Preliminary Report on Foreign Affiliates of the U.S. Petroleum Industry.
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V.S. Direct Investments Abroad, 1966
Part II: Investment Position, Financial and Operating Data
| Group 3: Preliminary Report on Foreign Affiliates of U.S. Reporters in U.S. Industries
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