Full text of Survey of Current Business : May 1993
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MAY I993
VOLUME 73 NUMBER
SURVEY of CURRENT BUSINESS
IN THIS ISSUE . . .
• Gross Product by Industry, 1977-90
• Comprehensive Revision of Local Area
Personal Income, 1969-90
U.S* DEPARTMENT OF COMMERCE ^ ^ ECONOMICS AND STATISTICS ADMINISTRATION
BlUtEAU OF ECONOMIC ANALYSIS
MAY 1993
VOLUME 73 NUMBER
SURVEY of CURRENT BUSINESS
U.S. Department of Commerce
1
Ronald H. Brown, Secretary
Economics and Statistics
Administration
11
Business Situation
7
Corporate Profits
8
Government Sector
National Income and Product Accounts
11
Selected NIPA Tables
30
32
Bureau of Economic Analysis
Carol S, Carscm, Director
f, Steven Eandefeld, Deputy Director
NIPA Charts
Reconciliation and Other Special Tables
33
Gross Product by Industry, 1977-90
55
Pollution Abatement and Control Expenditures, 1987-91
Editor-in-Chief: Douglas K. Fox
Managing Editor: Leland L Scott
63
Comprehensive Revision of Local Area Personal Income
Publication Staff: W. Ronnie Poster,
M» Gretc&en Gibson, Ernestine T. Gladden*
Eric B. Manning, Donald f, Parschalk
89
SURVEY OF CUHRENT BUSINESS.
Estimates, 1969-90
Published
monthly by the Bureau of Economic Analysis of the
VS. Department of Commerce. Editorial correspondence should be addressed to the Editor-in-Chief,
U.S. Affiliates of Foreign Companies: Operations in 1991
113
U.S. Business Enterprises Acquired or Established by
Foreign Direct Investors in 1992
124
BEA Working Paper Summary
STJKVEY OV CURRBKT BUSIKESS, Bureau of Economic
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(Seepage S-36for contents and subject index)
Inside back cover: BEA Information
NOTE.—tltis issue of the SURVEY went to the printer on June % 1993.
It incorporates data from the following monthly BEA news releases:
Gross Domestic Product (May 28),
Personal Income and Outlays (June 1}, and
Composite Indexes of Leading, Coincident, and Lagging
Indicators (June 2).
May 1993
SURVEY OF CURRENT BUSINESS
THE BUSINESS SITUATION
The first part of
this article was
prepared by Daniel
Larkins, Larry R.
Moran, and Ralph
W. Morris; Larkins
prepared the
section on
corporate profits;
and Michael W.
Webb prepared the
section on the
government sector.
TO the "preliminary" estimates
for the first quarter of 1993, real gross domestic product (GDP), a measure of goods and
services produced in the United States, increased
0.9 percent; the "advance" first-quarter estimate,
issued in April, had shown a 1.8-percent increase.1
Real gross domestic purchases, a measure of
goods and services purchased by U.S. residents,
increased 2.7 percent, 0.5 percentage point more
than April's estimate. The fixed-weighted price
index for gross domestic purchases increased 3.5
percent, 0.1 percentage point more than April's
estimate. (The "Revisions" section of this article discusses the sources of these revisions.)
The 0.9-percent increase in real GDP in the first
quarter represented a sharp deceleration from
a 4.7-percent increase in the fourth quarter of
1992 (chart 1). The deceleration reflected slower
growth in the production of goods and a downturn in the production of structures; in contrast,
the production of services increased a little more
in the first quarter than in the fourth (table 1).
The 2.7-percent increase in real gross domestic purchases also represented a deceleration,
from a 4.4-percent increase in the fourth quarter.
CHART 1
Real Product:
Change from Preceding Quarter
Billion 1987 S
60
40
20
Q
1....•••
1"
-20
•40
-60
60
PERSONAL CONSUMPTION EXPENDITURES
20
Q
1
40
20
1
40
•
• Associate Director for International Economics, BEA is
recruiting for the position of Associate Director for International Economics. This is a career reserved position in the
Senior Executive Service, salary range: $92,9oo-$ii5,7oo. The
application deadline is June 30, 1993. Applicants must meet
all requirements of the Senior Executive Service. To obtain
the required application and qualification information, please
contact the BEA Administrative Office, (202) 523-0508. BEA is
an Equal Opportunity Employer.
1
If
CHANGE IN BUSINESS INVENTORIES
1
20
-20
1
FIXED INVESTMENT
-40
1
1 II • " 1
"
-40
40
Recruitment...
II
1 ll.
ll
-40
-20
Looking Ahead...
• Regional,and State Employment Projections. A comparison of BEA'S projections of regional and State employment
growth for 1988-91 with the actual estimates will appear in
the June SURVEY.
,1111,1
40
-20
1. Quarterly estimates in the national income and product accounts are
expressed at seasonally adjusted annual rates, and quarterly changes are differences between these rates. Quarter-to-quarter percent changes are annualized.
Real, or constant-dollar, estimates are expressed in 1987 dollars and are based
on 1987 weights.
1
GROSS DOMESTIC PRODUC
20
0
NET EXPORTS
• .
•
1
-20
-40
40
• ""I
GOVERNMENT PURCHASES
20
0
1.
-20
1
1990
1991
1 ^
1992
1993
Based on Seasonally Adjusted Annual Rates
US. Depsrtnent of Commerce, Bwau of Economic A m l y *
2 • May 1993
SURVEY OF CURRENT BUSINESS
(Unlike GDP, gross domestic purchases excludes
exports of goods and services and includes imports of goods and services.) Growth in final
sales to domestic purchasers slowed to 0.5 percent
from 4.8 percent; inventory investment (that is,
change in business inventories) increased sharply
after a modest decrease.
The following are highlights of the final sales
estimates:
• Personal consumption expenditures increased modestly after a substantial increase.
• Nonresidential fixed investment increased
a little more in the first quarter than in
the fourth, but residential investment edged
down after a sharp increase.
• Government purchases decreased very sharply
after a small decrease, as national defense
purchases fell 25.9 percent, its biggest drop
in the 21 years that constant-dollar defense
purchases have been separately estimated in
the national income and product accounts
(NIPA'S).
Personal consumption expenditures
Real personal consumption expenditures (PCE)
increased 1.2 percent in the first quarter after increasing 5.1 percent in the fourth (table 2). The
slowdown was more than accounted for by goods
(both durable and nondurable); in contrast, services increased more in the first quarter than in
the fourth.
Factors usually associated with changes in consumer spending sent mixed signals in the first
quarter (chart 2). Real disposable personal in-
Table 1.—Real Gross Domestic Product, by Major Type of Product
[Seasonally adjusted at annual rates]
Percent change from preceding quarter
Billions of 1987 dollars
1992
Change from preceding quarter
1993
Level
1993
1992
II
Gross domestic product
Goods
Motor vehicles
Other
Services
Structures
.
.
.
.
.
.
Gross domestic product excluding motor
Vehicles and structures
IV
III
1
I
1993: I
II
5,002.5
18.7
41.3
57.1
11.7
1.5
3.4
4.7
0.9
2,017.1
203.2
1,813.9
12.7
12.3
.4
29.5
-3.8
33.3
44.4
10.2
34.2
6.5
5.2
1.3
2.7
30.4
.1
6.2
-7.7
7.9
9.3
23.6
7.9
1.3
10.9
.3
2,552.2
2.3
15.1
6.5
8.2
.4
2.4
1.0
1.3
433.2
3.8
-3.4
6.3
-3.0
3.6
-3.1
6.0
-2.7
4,366.1
2.7
48.4
40.7
9.5
.3
4.6
3.8
.9
IV
III
NOTE—Most series are found in table 1.4 of the "Selected NIPA Tables." Output of motor
vehicles is the sum of auto output and truck output (from tables 8.4 and 8.6).
Table 2.—Real Personal Consumption Expenditures
[Seasonally adjusted at annual rates]
Percent change from preceding quarter
Billions of 1987 dollars
1992
Change from preceding quarter
1992
Personal consumption expenditures
Durable goods
Motor vehicles and parts
Furniture and household equipment .
Other
IV
ii
ii
ill
111
1
IV
IV
1
1993: I
II
3,369.9
-0.8
29.9
41.5
10.0
-0.1
3.7
5.1
455.1
186.3
189.9
78.8
-2.3
-1.3
9.8
14.6
.7
9.4
-1.2
9.0
6.5
-1.7
-2.1
-2.8
1.9
.5
-5.6
-2.6
17.3
22.4
14.0
21.7
15.1
-4.9
-1.5
-4.1
2.5
.6
10.0
14.6
-4.0
-5.7
III
0
-1.1
Nondurable goods
Food
Clothing and shoes
Energy x
Other
1,063.0
523.5
188.6
95.6
255.3
-4.0
-5.4
Services
Housing
Household operation
Energy2
Other household operation
Transportation
Medical care
Other
1,851.8
489.3
207.8
95.8
111.9
122.7
466.5
565.4
5.6
2.1
2.6
1.6
1.0
1.0
4.1
1. Gasoline and oil, and fuel oil and coal.
2. Electricity and gas.
1993
1993
.3
1.9
-•9
-4.1
7.1
3.9
I
-1.0
0
6.4
.8
6.4
17.4
12.4
-1.0
-1.4
.2
.7
8.2
.3
3.5
1.7
-1.4
.5
5.7
13.7
9.6
1.4
1.1
1.7
-.6
15.6
2.1
1.1
.1
.9
3.1
2.1
2.8
2.1
1.2
-1.9
.5
4.8
7.1
1.2
1.8
5.3
7.1
3.7
3.4
3.7
2.5
1.4
-.5
1.9
2.8
4.4
2.6
2.9
3.6
5.2
-6.4
-3.2
-5.1
-2.9
-2.1
7.1
9.6
3.9
1.9
6.8
6.2
2.2
7.4
-2.1
-6.0
3.2
3.8
1.2
.6
-3.6
4.1
2.6
-2.4
-2.4
-10.1
.8
2.7
3.4
1.7
2.1
.4
3.3
1.6
4.2
5.2
NOTE—Dollar levels are found in table 2.3 of the "Selected NIPA Tables." and percent changes
in major aggregates are found in table 8.1.
SURVEY OF CURRENT BUSINESS
come increased, but substantially less than in the
fourth quarter. The Index of Consumer Sentiment (prepared by the University of Michigan's
Survey Research Center) reached its highest level
in 11 quarters, but it increased only about half as
much as in the fourth quarter. The unemployment rate gave an unambiguous signal, falling
from 7.3 percent to 7.0 percent.
Expenditures for durable goods edged up 0.6
percent after increasing 14.0 percent. Purchases
of new cars and trucks decreased after increasing
sharply; the downturn at least partly reflected the
expiration of sales-incentive programs. Furniture
and household equipment increased much less
than in the fourth quarter; consumer electronics
accounted for more than one-half of the slowdown in household equipment. "Other" durable
goods (such as jewelry, books, and sporting
goods) increased after decreasing.
Expenditures for nondurable goods decreased
2.4 percent after increasing 6.8 percent. The
downturn reflected downturns in food and in
clothing and shoes and a deceleration in "other"
Selected Factors
Affecting Consumer Spending
Percent change
REAL DISPOSABLE PERSONAL INCOME
. 1 . 1 I. I
1990
1991
1992
1993
h 1«7 dokn: Kascnaly afuaM annual rain.
aim
pp
2. M c M h n Marian,
Date U&Dapaf*»er«^Labor/Bumu of Labor Stafeios
3.DafcUniwr*V<(MltiiarfsSun«y Reaeefch Cento.
U.S. Department o( Commerce, Bureau of Economic Analysis
nondurable goods. In contrast, energy increased
slightly after decreasing.
Expenditures for services increased 3.4 percent
after increasing 2.1 percent. The acceleration was
widespread. In transportation services, air travel
rebounded from a fourth-quarter drop that was
associated with sharp fare hikes. In "other" services, brokerage and investment services increased
sharply, reflecting record stock market activity
and heavy investment in mutual funds. In contrast to the acceleration in many components,
recreation turned down, reflecting a drop in motion picture admissions after a record fourth
quarter.
Nonresidential fixed investment
Real nonresidential fixed investment increased
11.4 percent in the first quarter after increasing
9.7 percent in the fourth (table 3). Structures
decreased about the same amount in the first
quarter as in the fourth; producers' durable
equipment increased more in the first quarter
than in the fourth.
Factors that underlie investment spending, like
those underlying PCE, have sent mixed signals in
recent quarters. On the positive side, the yield
on new high-grade corporate bonds decreased 50
basis points, continuing a downtrend that began
more than 2 years ago. In addition, the capacity
utilization rate in manufacturing increased almost 1 percentage point in the first quarter after
fluctuating in a narrow range over the preceding four quarters. On the negative side, real final
sales of domestic product decreased in the first
quarter after increasing only slightly over the 2
preceding years. Additionally, corporate profits
(in current dollars), which has been quite erratic
in recent quarters, increased only a little in the
first quarter after a large increase in the fourth.
Structures decreased 1.7 percent after decreasing 1.9 percent. The decrease was more than
accounted for by nonresidential buildings and
by mining exploration, shafts, and wells; utilities increased. The decrease in nonresidential
buildings—the tenth consecutive drop—was accounted for by commercial structures; industrial
structures increased slightly.
Producers' durable equipment (PDE) increased
16.5 percent after increasing 14.5 percent. Information processing equipment and "other" PDE
increased more than in the fourth quarter. The
step-up in information processing equipment
was more than accounted for by computers;
communications equipment, instruments, and
photocopy equipment decreased. The step-up in
May 1993
•
3
SURVEY OF CURRENT BUSINESS
4 • May 1993
Table 3.—Real Gross Private Domestic Fixed Investment
[Seasonally adjusted at annual rates]
Billions of 1987 dollars
Percent change from preceding quarter
1992
Change from preceding quarter
1993
Level
1992
Gross private domestic fixed investment.
747.6
.
1993
II
II
1993:1
IV
III
24.5
III
IV
1
i
1
4.1
23.3
14.3
15.2
2.3
13.8
8.0
545.4
18.9
4.0
12.2
14.5
16.1
3.1
9.7
11.4
Structures
Nonresidential buikfngs, including farm
Utilities
Mining exploration, shafts, and wells
Other
143.4
94.3
28.1
10.5
10.5
-.3
-1.6
0
-.1
1.3
-4.4
-.7
-.4
.4
.9
-1.5
-.6
.9
-1.0
0
-.8
-6.1
0
-3.8
67.9
-11.3
-22.3
4.6
7.9
58.2
-1.9
-1.7
6.1
38.5
-41.4
-1.7
-2.1
13.9
-30.5
0
Producers' durable equipment
Information processing and related equipment.
Industrial equipment
Transportation and related equipment
Other
402.0
182.2
71.5
83.2
65.1
19.2
5.6
.2
12.9
.6
8.4
13.3
.6
-5.9
.3
12.9
4.9
4.1
.4
15.1
10.2
.9
1.3
2.6
24.1
16.0
1.2
94.7
4.0
9.5
39.3
3.7
-25.2
2.0
14.5
12.3
27.0
20.3
2.6
16.5
25.9
5.2
6.5
17.7
202.2
113.7
8.9
79.6
5.6
2.3
1.1
2.2
.1
.8
-1.4
.7
11.0
7.2
-1.1
5.0
-.1
2.8
-1.3
-1.7
12.6
9.5
43.7
12.5
2
3.1
-37.3
3.8
25.1
30.8
-33.6
28.9
-2
10.5
-42.0
-8.1
Nonresidential
Residential
Single-family structures ...
MuWfamity structures
Other
.3
2
1.3
3.7
-.5
NOTE.-Dollar levels are found in table 5.5 of the "Selected NIPA Tables.- and percent changes
in major aggregates are found in table 8.1.
"other" PDE was more than accounted for by tractors and by agricultural equipment. Industrial
equipment and transportation equipment both
increased much less than in the fourth quarter. The deceleration in industrial equipment
followed an unusually large increase in the fourth
quarter—the largest increase in almost 9 years.
The deceleration in transportation equipment
was accounted for by trucks, which decelerated
after a large increase, and by autos, which turned
down; purchases of civilian aircraft turned up
very sharply.
percent, its highest level in 6 years, after two
quarterly decreases.
"Other" residential investment turned down,
reflecting lower brokers' commissions.2 Sales of
existing houses decreased almost 9 percent (not
an annual rate) in the first quarter, and sales
of new houses decreased about 4 percent. The
weakness in sales is consistent with an upturn
in prices of existing houses and a deceleration
in income growth. However, mortgage inter2. The "other" component includes additions and alterations, major replacements, new mobile home sales, brokers' commissions on house sales,
and residential equipment
Residential investment
CHART 3
Real residential investment slipped 0.2 percent in
the first quarter after increasing 25.1 percent in the
fourth. Single-family construction decelerated,
multifamily construction decreased more than
in the fourth quarter, and "other" residential
investment turned down.
Single-family construction increased 10.5 percent after increasing 30.8 percent. In any quarter,
single-family construction is largely determined
by housing starts in that quarter and in the preceding quarter. In the fourth quarter of 1992 and
the first quarter of 1993, starts averaged 1.07 million (annual rate), up slightly from a third-fourth
quarter average of 1.06 million; the second-third
quarter average had been 1.00 million (chart 3).
Multifamily construction decreased for the
third consecutive quarter and for the fourteenth
time in fifteen quarters. The rental vacancy
rate increased sharply in the first quarter, to 7.9
Housing Starts
Millions of units
2.0
Total
Single Family
Multifamily
ml
1990
ml
I
1991
1992
1993
Seasonaly Adjusted at Annual Hates
Oaft Bureau ot to Cenaa
US. DeperhKnt of Commerce, Bureau of Economic AnaVss
SURVEY OF CURRENT BUSINESS
Nonfarm inventories increased $33.8 billion in
the first quarter after increasing $5.6 billion in the
fourth. The step-up was attributable to an upturn in manufacturing inventories and to faster
accumulation of automotive inventories at the
retail level.
Manufacturing inventories increased $1.4 billion after decreasing $14.5 billion.
The
turnaround reflected a slower reduction of
durable goods inventories.
(Inventories of
durables have decreased for ten consecutive quarters). Inventories of nondurable goods increased
about the same amount as in the fourth quarter.
Retail trade inventories increased $23.9 billion
after increasing $12.0 billion. The step-up in automotive inventories reflected weakness in motor
vehicle sales to consumers. Other retail inventories increased a little less than in the fourth
quarter.
Wholesale trade inventories increased $1.9 billion after increasing $8.0 billion. Inventories of
durable goods decreased—particularly machinery, equipment and supplies, electrical goods,
and scrap and waste materials—after increasing.
Inventories of nondurable goods increased less
than in the fourth quarter.
"Other" nonfarm inventories increased $6.5
billion after increasing $0.2 billion.
(The
"other" component consists mainly of inventories
held by the mining, construction, public utility, transportation, communication, and service
industries.)
Farm inventories increased $3.0 billion after
increasing $4.2 billion. Inventories of crops
increased less than in the fourth quarter; inventories of livestock increased after a slight
decrease.
The constant-dollar ratio of nonfarm inventories to all final sales of domestic businesses moved
up to 2.56 in the first quarter from 2.53 in the
CHART 4
Selected Interest Rates
Percent
12
10
Mortgage Commitments
Prime Rate
3-Month Treasury Bills
nil,.,,
1990
IIIIIM
1991
Mill
1992
May 1993
1993
DaftFWenlffeMfwBowd
US. Daptrtnent of Commeros, Bureau of Economic Analysis
est rates continued to decrease (chart 4). The
Housing Affordability Index, prepared by the
National Association of Realtors, combines the
effects of prices, incomes, and interest rates;
the index, which has been trending upward for
several years, increased again in the first quarter, indicating that housing continued to become
more "affordable."
Inventory investment
Real inventory investment—that is, the change
in business inventories—increased $27.0 billion
in the first quarter, as inventory accumulation
picked up to $36.8 billion from $9.8 billion in
the fourth quarter (table 4). In contrast, inventory investment had decreased $5.2 billion in
the fourth quarter. The sharp upturn in inventory investment was accounted for by nonfarm
inventories.
Table 4.—Change in Real Business Inventories
[Billions of 1987 dollars; seasonally adjusted at annual rates]
Percent from preceding quarter
Level
1992
I
Change in business inventories
Farm
Nonfarm
Manufacturing
Wholesale trade
Retail trade
Automotive
_
Other retail trade . . . .
Other
II
II
III
I
IV
-12.6
7.8
15.0
9.8
36.8
20.4
12
-5.2
27.0
-1.9
1.8
5.3
4.2
3.0
3.7
3.5
-1.1
-1.2
-10.7
-8.7
-5.6
6.0
-6.5
9.6
5.6
-14.5
33.8
16.7
3.2
-2.3
8.0
1.4
1.9
2.2
8.8
-4.0
-18.4
10.3
.5
4.8
11.8
12.0
23.9
15.1
11.3
.7
3.6
10.4
-5.5
-2.1
-3.9
8.8
6.5
10.6
-5.7
1.8
.9
28.2
15.9
-6.1
11.9
13.0
-1.1
3.9
-4.3
5.5
6.3
9.7
1.6
8.1
3.2
-2.5
-1.6
NOTE.—Dollar levels for change in real business inventories are found in table 5.11 of the "Selected NIPA Tables."
I
IV
III
1993
1992
1993
2.1
9.9
.2
2.3
.5
1.8
1.8
6.3
•
5
6 • May 1993
SURVEY OF CURRENT BUSINESS
fourth. A different ratio, in which final sales are
limited to goods and structures, moved up to 4.50
from 4.42. In the fourth quarter, each ratio had
been at its lowest point in several years; the firstquarter increases brought each ratio back to or
near its level in the third quarter of 1992.3
Net exports of goods and services
Real exports decreased 2.6 percent in the first
quarter after increasing 8.9 percent in the
fourth; real imports increased 12.0 percent after
increasing 5.7 percent (table 5).
Merchandise exports fell 6.3 percent after increasing 13.7 percent; all major end-use categories
weakened. Nonautomotive capital goods, nonau-
tomotive consumer goods, and "other" merchandise exports decreased after increasing. Foods,
feeds, and beverages decreased more than in the
fourth quarter, as did industrial supplies and materials. Autos increased much less than in the
fourth quarter. Exports of services increased after
decreasing.
Merchandise imports increased 12.0 percent
after increasing 6.8 percent; much of the stepup was accounted for by an upturn in imports
of nonautomotive consumer goods. Imports of
foods, feed, and beverages and of petroleum and
products also turned up. Auto imports increased
more than in the fourth quarter. Imports of
services increased substantially after no change.
Government purchases
3. The first ratio, in which the denominator consists of all final sales of
domestic businesses, implies that the production of services results in demand
for inventories that is similar to the demand for inventories generated by
the production of goods and structures. The second ratio, in which the
denominator consists of final sales of goods and structures, implies that the
production of services does not generate any demand for inventories. Both
implications are extreme.
Real government purchases decreased 7.3 percent
in the first quarter after decreasing 2.6 percent
in the fourth (table 6). Federal Government
purchases decreased substantially more in the
Table 5.—Real Net Exports of Goods and Services
[Seasonally adjusted at annual rates]
Percent change from preceding quarter
Billions of 1987 dollars
1993
1992
Change from preceding quarter
I PVPI
Level
1993
1992
II
III
-71.1
-22.4
-8.8
3.7
-22.1
584.5
427.1
39.3
387.8
157.3
-2.0
12.5
12.4
4.6
12.4
13.7
-.6
14.2
-1.3
-3.8
-7.0
-2.3
-4.6
Imports of goods and services ..
Merchandise
Petroleum and products ....
Nonpetroleum products
655.6
550.5
52.9
497.6
105.1
8.7
8.7
-.4
9.1
0
18.3
15.4
Services
-.1
-1.1
-1.9
7.8
.1
20.5
19.8
21.3
18.6
4.2
1.6
15.5
17.1
.7
2.7
1.0
I
I
IV
Exports of goods and services
Merchandise
Agricultural products
Nonagricultural products
Services
Net exports of goods and services .
IV
III
II
1993: I
3.1
-4.1
—1
-W.B
1.1
-4.7
14.6
14.7
17.2
41.1
14.8
2.9
2.9
.8
9.2
8.9
12.7
58.7
13.7
-5.6
15.9
-3.3
8.7
.3
14.8
15.5
13.2
15.8
11.3
5.7
6.8
-2.6
-6.3
-20.3
-4.6
8.3
12.0
12.0
-3.0
6.3
7.9
0
12.7
11.8
NOTE.—Dollar levels are found in tables 4.2 and 4.4 of the "Selected NIPA Tables," and percent changes in major aggregates are found in table 8.1.
Table 6.—Real Government Purchases
[Seasonally adjusted at annual rates]
Percent change from preceding quarter
Billions of 1987 dollars
Change from preceding quarter
1992
1993
I PVPI
1992
1993
II
1993: I
III
IV
IV
III
I
I
919.3
-2.8
8.8
-6.2
-17.5
-1.2
3.8
-2.6
-7.3
Federal
National defense .
Nondefense
357.1
245.9
111.3
-2.6
-3.5
.9
6.8
5.3
1.5
-4.5
-2.4
-2.2
-17.9
-19.1
1.4
-2.7
-5.2
3.3
7.5
8.3
5.5
-4.7
-3.5
-7.6
-17.8
-25.9
5.2
State and local .
Structures
Other
562.2
82.0
480.2
-.3
-1.7
1.4
2.0
.2
1.8
-1.6
-2.8
1.2
.3
-.6
.9
-.2
-7.6
1.2
1.4
.9
1.5
-1.1
-12.5
1.0
.2
-2.9
.8
Government purchases
NOTE—Dollar levels are found in table 3.8B of the "Selected NIPA Tables," and percent
changes are found in table 8.1.
II
SURVEY OF CURRENT BUSINESS
first quarter than in the fourth; the first-quarter
decrease was more than accounted for by reductions in national defense purchases. State and
local government purchases changed little after
decreasing.
Federal defense purchases decreased 25.9 percent after decreasing 3.5 percent. Although the
decrease was spread across all types of defense
purchases, more than half of it was in purchases
of services; within services, the largest decreases
were in contractual research and development,
installation support, and weapons support. Military equipment also dropped sharply; the largest
decreases were in aircraft and missiles.
Federal nondefense purchases increased 5.2
percent after decreasing 7.6 percent. The increase
was accounted for by purchases of durables and
of services excluding compensation of employ-
Table 7.—Revisions in Real Gross Domestic Product
and Prices, First Quarter 1993
[Seasonally adjusted at annual rates]
Billions of
1987 dollars
Percent change from
preceding quarter
Preliminary
estimate
minus
advance
estimate
Advance
estimate
Preliminary
estimate
Gross domestic product
-10.6
1.8
0.9
Less: Exports of goods and services
Plus: Imports of goods and services
26.9
223.4
-7.1
-3.2
-2.6
12.0
Equals: Gross domestic purchases
5.8
2.2
2.7
Personal consumption expenditures
Durables
Nondurables
Services
0
-.1
1.1
-1.0
1.2
.7
-2.8
3.7
1.2
.6
-2.4
3.4
Fixed investment
Nonresidential
Residential
7.0
7.2
_ 2
4.0
5.6
.2
8.0
11.4
-.2
Change in business inventories
Nonfarm
Farm
1.0
1.3
-.3
-6.4
-15.3
-.1
-7.3
-17.8
.2
4.2
4.2
3.4
3.5
Government purchases
Federal
State and local
GDP price index (fixed weights)'
Gross domestic purchases price index (fixed
weights)"...
-2.2
-2.6
.4
1. Based on 1987 weights.
NOTE—Preliminary estimates for the first quarter of 1993 incorporate the following revised
or additional major source data that were not available when the advance estimates were prepared a month ago.
Personal consumption expenditures: Revised retail sales for February and March, and consumers' share of new car purchases for February.
Nonresidential fixed investment. Construction put in place for January and February (revised)
and March, manufacturers' shipments of machinery and equipment for February (revised) and
March, and business' share of new car purchases for February.
Residential investment: Construction put in place for January and February (revised) and
March.
Change in business inventories: Manufacturing and trade inventories for February (revised)
and March, and revised unit inventories of motor vehicles for March.
Net exports of goods and services: Merchandise exports and merchandise imports for February (revised) and March.
Government purchases: Federal outlays for March. State and local construction put in place
for February (revised) and March, and Employment Cost Index for State and local government
wages and salaries for the quarter.
Wages and salaries: Revised employment, average hourly earnings, and average weekly
hours for February and March.
GDP prices: Detailed merchandise export and import price indexes for January through
March, values and quantities of petroleum imports for March, and housing prices for the quarter.
ees. Compensation was unchanged for the third
consecutive quarter.
State and local government purchases increased
0.2 percent after decreasing 1.1 percent. Purchases other than structures continued to increase
slightly; structures continued to decrease.
Revisions
The preliminary first-quarter estimate of a 0.9percent increase in real GDP is 0.9 percentage
point less than the advance estimate issued in
April (table 7). This revision is larger than usual;
over the past 10 years, the average absolute revision from the advance estimate to the preliminary
estimate has been 0.6 percentage point.
By far, the largest revision in any of the components of real GDP was in imports, at $23.4
billion; the revision primarily reflected the incorporation of newly available data that showed
an unexpectedly large increase in merchandise
imports in March. Downward revisions in government purchases and in residential investment
also helped to lower the estimate of GDP. The
effect of these three revisions on GDP was only
partly offset by upward revisions in nonresidential fixed investment, in exports, and in change
in business inventories.
For real gross domestic purchases, the preliminary estimate of a 2.7-percent increase is 0.5
percentage point higher than the advance estimate. Revisions in gross domestic purchases are
not affected by revisions in imports and exports.
For the fixed-weighted price index for gross
domestic purchases, the preliminary estimate of
a 3.5-percent increase is slightly higher than the
advance estimate. For the fixed-weighted price
index for GDP, the preliminary estimate of a
4.2-percent increase is the same as the advance
estimate.
Corporate Profits
Profits from current production—profits before
tax plus inventory valuation adjustment (IVA)
and capital consumption adjustment (ccAdj)—
increased $3.7 billion in the first quarter after
increasing $54.4 billion in the fourth (table 8).
Profits from the domestic operations of nonfinancial corporations decreased $14.3 billion after
increasing $43.0 billion; the decrease reflected a
drop in unit profits that resulted when unit costs
(labor and nonlabor) increased more than unit
prices. In contrast to the drop in nonfinancial
profits, profits from the domestic operations of
May 1993 •
7
8 • May 1993
SURVEY OF CURRENT BUSINESS
financial corporations increased $3.3 billion after increasing $15.3 billion, and profits from the
rest of the world increased $14.8 billion after
decreasing $4.0 billion.
Cash flow from current production, a profitsrelated measure of internally generated funds
available to corporations for investment, increased $6.1 billion after increasing $20.5 billion.
In recent quarters, the ratio of cash flow to nonresidential fixed investment has been more than
90 percent, about 20 percentage points higher
than its average level in the 1980's. This high
level, which partly reflects relatively weak investment spending, suggests that investment could
increase substantially before cash flow became a
binding constraint.
Profits by industry.—Profits before tax (PBT) with
IVA is the best measure of industry profits because estimates of the ccAdj by industry are not
available. This measure presents much the same
picture as does profits from current production.
For the domestic operations of nonfinancial corporations, PBT with IVA decreased $17.3 billion
Table 8.—Corporate Profits
[Seasonally adjusted at annual rates]
Level
Change from
preceding
quarter
1993:1
1992:1V
1993:1
Billions of dollars
Rest of the world
307.2
75.9
54.4
58.4
15.3
43.0
-4.0
IVA
CCAdj
Profits before tax
Profits tax liability .
Profits after tax
-9.3
40.8
400.6
146.8
253.8
10.7
8.4
35.3
16.7
18.8
-10.3
2.7
11.2
-1.7
12.8
391.4
46.0
50.0
15.0
35.0
6.5
1.0
-13.8
Profits from current production .
Domestic
Financial
Nonfinancial
Profits by industry:
Profits before tax with IVA
Domestic
Financial
Nonfinancial
Manufacturing
Trade
Transportation and public utilities .
Other
Rest of the world
Receipts (inflows)
Payments (outflows)
432.2
356.3
49.2
315.5
58.8
256.7
75.9
79.7
3.9
17.0
4.8
6.6
-4.0
-5.3
-1.3
3.7
-11.1
3.3
-14.3
14.8
3.5
-17.3
14.8
16.6
1.9
Dollars
Unit prices, costs, and profits of domestic
nonfinanciai corporations:
Unit price
Unit labor cost
Unit nonlabor cost
Unit profits from current production
1.163
.763
.291
.109
0.003
-.004
-.006
.013
0.008
.010
.002
-.004
NOTE—Levels of these and other profits series are found in tables 1.14, 1.16, 6.16C, and
7.15 of the "Selected NIPA Tables."
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
after increasing $35.0 billion; for the domestic
operations of financial corporations, it increased
$3.5 billion after increasing $15.0 billion.
Detailed estimates by industry will not be
available until next month. On the basis of preliminary and incomplete information, it appears
that all major groups of nonfinancial industries
were weak in the first quarter. Among financial
corporations, profits of insurance carriers were
reduced substantially by benefit payments in the
wake of the storm on the East Coast in March.
Profits from the rest of the world increased
$14.8 billion. This component of profits measures receipts of profits from foreign affiliates of
U.S. corporations less payments of profits by
U.S. affiliates of foreign corporations. Preliminary and incomplete information for the first
quarter shows receipts jumping $16.6 billion and
payments increasing $1.9 billion. Much of the increase in receipts appears to have been accounted
for by manufacturing and banking affiliates in the
United Kingdom and by manufacturing affiliates
in Canada.
PBT and related measures.—PBT increased $11.2
billion. The difference between the $3.7 billion
increase in profits from current production and
the $11.2 billion increase in PBT mainly reflected
a decrease in the IVA.
The IVA is an estimate of inventory profits with
the sign reversed. Inventory profits increased
$10.3 billion, reflecting a step-up in the rate of
increase in prices of inventoried goods. The Producer Price Index, a major source for inventory
prices, increased at an annual rate of 1.7 percent
(not seasonally adjusted) in the first quarter after
no change in the fourth.
Government Sector
The fiscal position of the government sector improved for the second consecutive quarter, as the
combined deficit of the Federal Government and
of State and local governments decreased $14.7
billion, to $262.5 billion in the first quarter of
1993 (table 9). A $22.0 billion dollar decrease in
the Federal Government deficit was partly offset
by a $7.3 billion decrease in the State and local
government surplus.
Federal
The Federal Government deficit decreased to
$273.5 billion, as receipts increased and as
expenditures decreased slightly.
May 1993
SURVEY OF CURRENT BUSINESS
Receipts.—Receipts increased $20.4 billion in the
first quarter after increasing $37.7 billion in the
fourth. The first-quarter increase was accounted
for by personal tax and nontax receipts and by
contributions for social insurance.
. Personal tax and nontax receipts increased $11.1
billion after increasing $12.7 billion.4 The firstquarter increase was mainly attributable to a
large increase in declarations and net settlements
of personal income taxes; the fourth-quarter
increase reflected strong growth in wages and
salaries. In the first quarter, declarations and net
settlements increased $11.4 billion, largely as a result of an Executive Order effective in March 1992
that reduced withholding but not liability. This
increase was partly offset by a decrease resulting
from the annual indexing of withholding tables
for inflation.
Contributions for social insurance increased
$9.3 billion after increasing $7.3 billion. In the
first quarter, contributions were boosted $2.0 billion by the annual indexing of the taxable wage
base for social security and $1.9 billion by a rate
increase for supplemental medical insurance.
Indirect business tax and nontax accruals increased $1.3 billion after increasing $4.5 billion.
Business nontax payments decreased, following two extraordinary payments to the Federal
Government in the fourth quarter: $1.7 billion
(annual rate) for civil damage recovery settlements related to the savings and loan bailout and
$0.3 billion (annual rate) for settlements for the
Valdez oil spill. Excise taxes on tobacco increased
$1.1 billion following no change in the fourth
quarter; the increase reflected a 25-cents-perpack increase due to a provision in the Omnibus
Budget Reconciliation Act of 1990 that became
effective January 1, 1993.
Corporate profits tax accruals decreased $1.4
billion after an increase of $13.2 billion. The decrease was attributable to a decrease in corporate
profits from domestic operations.
Expenditures.—Expenditures decreased $1.6 billion in the first quarter after increasing $28.8
billion in the fourth. The downswing was more
than accounted for by defense purchases.
Defense purchases decreased $13.9 billion after decreasing $1.4 billion. The first-quarter
decrease was the largest in current-dollar defense purchases since 1965. The largest declines
4. The increase in personal tax payments reflects BEA'S best estimate of
quarterly change in withheld income taxes. The level of total personal tax
and nontax receipts in table 9 includes a shortfall resulting from the 1992
revision of withholding tables. For further discussion, see "Federal Budget
Estimates, Fiscal Year 1994," SURVEY OF CURRENT BUSINESS 73 (April 1991):
51.
were in deliveries of aircraft and aircraft components and in purchases of services, primarily
in research and development and in installation
support.
Transfer payments increased $4.0 billion after increasing $18.8 billion. The deceleration
was more than accounted for by transfer payments to the rest of the world, which decreased
$9.3 billion after increasing $11.9 billion. The
downturn followed unusually high disbursements
to Israel in the fourth quarter. Transfer payments to the rest of the world continued to
include disbursements by the U.S. Department
of Defense for relief efforts in Somalia. TransTable 9.—Government Sector Receipts and Expenditures
[Billions of dollars, seasonally adjusted at annual rates]
Change from preceding quarter
Level
1992
1993
1993:1
Government sector
Receipts
Expenditures
Surplus or deficit (-)
1898.9
2161.4
-262.5
25.6
61.6
-36.0
13.6
26.3
-12.6
11.9
21.7
-10.0
52.0
34.1
18.0
25.4
10.7
14.7
Federal Government
Receipts...
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals ....
Contributions for social insurance
Expenditures ....
Purchases
National defense
Nondefense
Transfer payments (net)
To persons
To rest of the world
Grants-in-aid to State and local governments
Net interest paid
Subsidies less current surplus of government enterprises
Subsidies
Of which: Agricultural subsidies
Less: Current surplus of government enterprises
Less: Wage accruals less disbursements
Surplus or deficit (-)
1213.5
13.9
6.5
5.6
37.7
20.4
499.3
120.0
87.1
507.0
-3.8
8.9
-1.6
10.3
-4.2
6.1
.6
3.9
11.3
-10.1
1.5
3.0
12.7
13.2
4.5
7.3
11.1
-1.4
1.3
9.3
1487.0
44.4
20.2
7.1
28.8
-1.6
441.2
304.3
136.9
645.4
630.8
14.6
178.2
181.8
40.4
43.4
21.1
3.0
0
4.2
-1.1
5.3
43.9
33.1
10.7
1.5
-3.3
-2.0
-2.5
-2.7
-.5
0
-.2
-1.9
1.7
9.7
8.1
1.6
9.0
.7
1.2
.7
.3
_ g
10.4
7.9
2.6
3.1
4.7
-1.6
-.1
.3
-6.7
-6.9
-7.7
-.2
0
-3.6
-1.4
-2.3
18.8
7.0
11.9
4.7
-3.0
12.0
10.6
10.4
-1.3
0
-10.4
-13.9
3.5
4.0
13.2
-9.3
-.5
-3.0
8.2
8.1
8.0
-.2
0
-273.5
-30.5
-1.5
8.9
22.0
863.6
13.2
16.2
6.0
19.2
4.4
156.9
26.8
436.3
65.4
178.2
.9
2.5
7.5
.7
1.5
1.8
1.6
3.2
.7
9.0
.4
-2.2
7.3
.6
2.2
3.4
8.1
.8
4.7
1.4
_ 2
852.6
18.7
15.1
14.5
10.0
11.8
674.9
91.3
253.4
-41.3
10.4
-24.1
.4
24.5
0
8.5
5.1
9.0
1.2
.1
.1
0
-.1
0
6.3
-.6
8.6
1.1
.3
-.7
0
.7
0
4.7
.8
9.3
1.0
.1
-.4
0
.4
0
2.7
-1.5
6.8
1.0
.1
-.3
0
.3
0
3.2
-.9
7.9
1.0
.2
-.2
0
.2
0
11.0
-5.4
1.1
-8.5
9.1
-7.3
55.6
-44.6
-1.0
-4.5
-.4
1.5
-7.7
—7
9*9
-.9
-6.5
0'
-13.7
State and local governments
Receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
Federal grants-in-aid
Expenditures
Purchases
Of which: Structures
Transfer payments to persons
Net interest paid
Less: Dividends received by government
Subsidies less current surplus of government enterprises
Subsidies
Less: Current surplus of government enterprises
Less: Wage accruals less disbursements
Surplus or deficit (-)
Social insurance funds
Other
NOTE.-Dollar levels are found in tables 3.2 and 3.3 of the "Selected NIPA Tables."
3J
.6
—5
10 • May 1993
SURVEY OF CURRENT BUSINESS
fer payments to persons increased $13.2 billion
after increasing $7.0 billion. Social security
benefits (old-age, survivors, and disability insurance) increased $10.7 billion after increasing $2.2
billion; the acceleration was due to a cost-ofliving adjustment that became effective January
i> 1993.
Subsidies less the current surplus of government enterprises increased $8.2 billion after increasing $12.0 billion. The deceleration
was largely attributable to agricultural subsidies,
which increased $8.0 billion after increasing $10.4
billion.
Grants-in-aid to State and local governments
decreased $0.5 billion after increasing $4.7 billion. This downturn was mainly attributable
to decreases in programs for social services
and for food and nutrition, but it was also
attributable to decelerations in many other
programs.
Net interest paid decreased $3.0 billion for the
second consecutive quarter. The first-quarter decrease was mostly attributable to gross interest
paid for public debt, which decreased $2.3 billion
as a result of lower interest rates.
State and local
The State and local government surplus decreased
to $11.0 billion, as expenditures increased more
than receipts.
Receipts increased $4.4 billion in the first quarter after increasing $19.2 billion in the fourth.
Indirect business tax and nontax accruals increased $3.1 billion after increasing $8.1 billion;
the deceleration was attributable mainly to sales
tax collections, which reflected a slowing of retail
sales. Federal grants-in-aid decreased $0.5 billion
after increasing $4.7 billion (see the section on
Federal Government expenditures). Corporate
profits tax accruals decreased $0.2 billion after
increasing $3.4 billion; the downturn reflected
the decrease in corporate profits from domestic
operations.
Expenditures increased $11.8 billion in the first
quarter after increasing $10.0 billion in the fourth.
In both quarters, most of the increase was accounted for by transfer payments to persons,
which increased $7.9 billion after increasing $6.8
billion. The other expenditure categories combined increased $3.9 billion after increasing $3.2
billion. H
Changes in BE A Release Schedules
BEA'S move this summer to a new location necessitates some changes in the
release dates for the national income and product accounts (NIPA) estimates,
the State personal income estimates, and the composite indexes of leading,
coincident, and lagging indicators.
NIPA estimates
Regional estimates
In June, the following changes are made to the NIPA
release dates:
Because BEA'S regional estimates depend upon its national estimates, the rescheduling of the annual NIPA
revision to August will cause the following changes in
the scheduled dates for State personal income:
From
Gross domestic product, first quarter
1993 (final)
Corporate profits, first quarter 1993
(revised)
Personal income and outlays, May 1993
To
From
June 30
June 23
June 30
July 1
June 23
June 24
In July, the advance NIPA estimates for the second
quarter will be released as scheduled; however, the annual revision of the NIPA'S, usually released in July, will
not be released until August when the preliminary estimates are released.
In August, the following changes are made to the NIPA
release dates:
From
Gross domestic product, second
quarter 1993 (preliminary)
Corporate profits, second quarter 1993
(preliminary)
Personal income and outlays, July 1993 .
To
State per capita personal income,
1992 (revised)
State personal income, second quarter
1993
Aug. 24
Oct. 7
Oct. 21
Nov. 18
Composite indexes
As a result of the earlier release dates for the NIPA estimates and to accomodate users by avoiding a Friday
release, the following change is made to the scheduled
release dates for the composite indexes of leading, coincident, and lagging indicators:
From
Sept. 1
Aug. 31
Sept. 1
Sept. 2
Aug. 31
Sept. 1
To
Composite indexes of leading,
coincident, and lagging
indicators, May 1993
July 2
To
June 29
May 1993
SURVEY OF CURRENT BUSINESS
NATIONAL
INCOME
11
AND P R O D U C T
ACCOUNTS
Selected NIPA Tables
New estimates in this issue: First quarter 1993, preliminary.
The selected set of national income and product accounts (NIPA) tables shown in this section presents
quarterly estimates, which are updated monthly. (In most tables, the annual estimates are also shown.) These
tables are available on the day of the gross domestic product (GDP) news release on printouts and diskettes on a
subscription basis or from the Commerce Department's Economic Bulletin Board. For order information, write
to the National Income and Wealth Division (BE-54), Bureau of Economic Analysis, Washington, DC 20230, or
call (202) 523-0669.
The full set of NIPA tables is published in the SURVEY OF CURRENT BUSINESS as part of the annual NIPA
revision, which this year will be released in August. Tables containing estimates for 1929-88 are available in the
two-volume set National Income and Product Accounts of the United States; see the inside back cover for order
information. These tables are also available, most beginning with 1929, on diskette or magnetic tape. For more
information on the presentation of the estimates, see "A Look at How BEA Presents the NIPA's" in the February
1993 SURVEY.
NOTE.—This section of the SURVEY is prepared by the National Income and Wealth Division and the
Government Division.
NOTE TO USERS: The annual revision of the NIPA'S, which will cover the 3-year period beginning with the first quarter of
1990, will be presented in the August SURVEY. The August 31 release of the preliminary NIPA estimates for the second quarter
of 1993 will include a summary of the revision. (For more information about this and other changes in the release schedule,
see the box on page 10.)
Table 1.1.—Gross Domestic Product
Table 1.2.—Gross Domestic Product in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
1991
1992
IV
Gross domestic
product
Persona! consumption
expenditures
Durable goods
Nondurable goods
Services
Gross private domestic
investment
Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
Change in business
inventories
Nonfarm
Farm
Net exports of goods and
services
Exports
Imports
Government purchases
Federal
National defense
Nondefense
State and local
IV
II
1991
1992
I
5,677.5 5,950.7 5,753.3 5,840.2 5,902.2 5,978.5 6,081.8 6,148.0
IV
Gross domestic
product
1992
1991
I
1993
III
IV
4,821.0 4,922.6 4,838.5 4,873.7 4,892.4 4,933.7 4,990.8 5,002.5
3,887.7 4,095.8 3,942.9 4,022.8 4,057.1 4,108.7 4,194.8 4,238.6
Personal consumption
expenditures
3,240.8 3,314.0 3,249.0 3,289.3 3,288.5 3,318.4 3,359.9 3,369.9
446.1 480.4 450.4 469.4 470.6 482.5 499.1 500.6
1,251.5 1,290.7 1,251.4 1,274.1 1,277.5 1,292.8 1,318.6 1,321.8
2,190.1 2,324.7 2,241.1 2,279.3 2,309.0 2,333.3 2,377.1 2,416.3
Durable goods
Nondurable goods
Services
414.7 439.1 416.1 432.3 430.0 439.8 454.4 455.1
1,042.4 1,054.1 1,035.6 1,049.6 1,045.6 1,052.0 1,069.4 1,063.0
1,783.7 1,820.7 1,797.4 1,807.3 1,812.9 1,826.6 1,836.2 1,851.8
721.1
770.4
736.1
722.4
773.2
781.6
804.3
844.1
731.3
541.1
180.1
766.0
548.2
168.4
726.9
528.7
169.7
738.2
531.0
170.1
765.1
550.3
170.3
766.6
549.6
166.1
794.0
562.1
167.0
805.1
571.0
167.1
360.9
190.3
379.9
217.7
358.9
198.2
360.8
207.2
380.0
214.8
383.5
217.0
395.1
231.9
403.9
234.1
-10.2
-10.3
0
4.4
2.2
2.2
9.2
14.5
-5.3
-15.8
-13.3
-2.4
8.1
6.4
1.7
15.0
9.7
5.3
10.3
6.2
4.1
39.0
36.7
2.3
-21.8
-30.4
-16.0
-8.1
-37.1
-36.0
-40.5
-50.9
598.2
620.0
636.3
666.7
622.9
638.9
628.1
636.2
625.4
662.5
639.0
675.0
652.7
693.2
649.7
700.5
1,090.5 1,114.9 1,090.3 1,103.1 1,109.1 1,124.2 1,123.3 1,116.1
447.3
323.8
123.6
643.2
449.1
315.8
133.4
665.8
440.8 445.0
314.7 313.6
126.1 • 131.4
649.5 658.0
444.8
311.7
133.1
664.3
455.2
319.6
135.7
669.0
451.6
313.2
133.4
671.7
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Seasonally adjusted at annual rates
1993
1992
1991
441.2
304.3
136.9
674.9
Gross private domestic
investment
Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
Change in business
inventories
Nonfarm
Farm
Net exports of goods and
services
Exports
Imports
661.1
712.6
676.9
668.9
713.6
724.9
743.1
784.3
670.4
500.2
157.6
707.6
515.0
146.8
669.3
492.1
148.4
681.4
495.8
149.4
705.9
514.7
149.1
710.0
518.7
144.7
733.3
530.9
144.0
747.6
545.4
143.4
342.6
170.2
368.2
192.6
343.7
177.3
346.4
185.6
365.6
191.2
374.0
191.3
386.9
202.3
402.0
202.2
-9.3
-9.6
.3
5.0
2.6
2.4
7.5
11.8
-4.2
-12.6
-10.7
-1.9
7.8
6.0
1,
15.0
9.6
5.3
9.8
5.6
4.2
36.8
33.8
3.0
-21.8
-41.8
-20.5
-21.5
-43.9
-52.7
-49.0
-71.1
539.4
561.2
573.2
615.0
561.4
581.8
565.4
586.8
563.4
607.3
575.9
628.6
588.3
637.3
584.5
655.6
Government purchases
941.0
937.8
933.1
937.0
934.2
943.0
936.8
919.3
Federal
National defense
Nondefense
State and local
388.3
282.8
105.5
552.7
375.6
265.0
110.6
562.2
378.2
271.0
107.2
554.9
375.3
265.6
109.7
561.8
372.7
262.1
110.6
561.5
379.5
267.4
112.1
563.5
375.0
265.0
109.9
561.9
357.1
245.9
111.3
562.2
NOTE—Percent changes from preceding period for selected items in this table are shown in table 8.1.
12 • May 1993
SURVEY OF CURRENT BUSINESS
Table 1.3.—Gross Domestic Product by Major Type of Product
Table 1.4.—Gross Domestic Product by Major Type of Product
in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
1991
Gross domestic
product
1992
1991
1992
Seasonally adjusted at annual rates
1993
5,677.5 5,950.7 5,753.3 5,840.2 5,902.2 5,978.5 6,081.8 6,148.0
Final sales of domestic
product
Change in business
inventories
5,687.7 5,946.3 5,744.2 5,855.9 5,894.1 5,963.5 6,071.5 6,109.0
-10.2
Goods1
4.4
9.2
-15.8
8.1
15.0
10.3
39.0
2,182.5 2,264.7 2,197.6 2,217.8 2,241.3 2,273.4 2,326.4 2,349.4
Final sales
Change in business
inventories
...
2,192.7 2,260.3 2,188.4 2,233.6 2,233.2 2,258.4 2,316.1 2,310.4
Durable goods
Final sales
Change in business
inventories
4.4
9.2
-15.8
8.1
15.0
10.3
39.0
888.4
907.6
940.4
943.9
897.6
905.7
904.3
923.6
941.8
932.3
946.5
943.8
969.0
975.8
987.3
968.5
-19.2
-3.5
-8.1
-19.3
9.5
2.7
-6.9
18.8
1,294.1 1,324.3 1,300.0 1,313.5 1,299.5 1,326.9 1,357.4 1,362.2
1,285.1 1,316.4 1,282.7 1,310.0 1,300.8 1,314.6 1,340.3 1,341.9
Nondurable goods
Final sales
Change in business
inventories
Services1
-10.2
9.0
7.9
17.3
3.5
-1.4
12.3
17.2
20.2
1991
Gross domestic
product
465.5
480.1
487.6
487.3
500.3
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Equals: Final sales to
domestic purchasers2
15.0
36.8
9.8
-9.3
5.0
7.5
-12.6
7.8
15.0
9.8
36.8
834.1
851.6
876.2
879.2
839.4
846.8
842.4
859.6
874.2
865.7
883.6
880.2
904.8
911.1
922.3
905.2
-17.5
-2.9
-7.4
-17.3
8.6
3.3
-6.3
17.2
1,077.1 1,083.2 1,076.3 1,081.7 1,062.5 1,082.7 1,105.8 1,094.7
1,069.0 1,075.2 1,061.3 1,077.0 1,063.3 1,071.1 1,089.7 1,075.1
8.2
7.9
4.7
15.0
11.6
19.6
16.1
2,497.6 2,531.0 2,509.0 2,520.1 2,522.4 2,537.5 2,544.0 2,552.2
412.2
432.2
413.7
429.5
433.3
429.9
436.2
433.2
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
[Billions of dollars]
Less: Change in business
inventories
7.8
Table 1.6.—Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers in Constant
Dollars
Table 1.5.—Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers
Equals: Gross domestic
purchases1
-12.6
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
NOTE—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Less: Exports of goods and
services
Plus: Imports of goods and
services
7.5
Government, are included in services.
Government, are included in services.
Gross domestic product ...
5.0
1,920.5 1,954.4 1,908.2 1,936.6 1,929.0 1,951.3 2,000.7 1,980.3
Final sales
Change in business
inventories
Structures.
488.8
-9.3
1,911.2 1,959.4 1,915.7 1,924.0 1,936.7 1,966.2 2,010.6 2,017.1
500.0
464.7
4,830.3 4,917.6 4,830.9 4,886.3 4,884.6 4,918.7 4,981.0 4,965.7
Goods1
Services1 ..
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
1993
1992
1991
4,821.0 4,922.6 4,838.5 4,873.7 4,892.4 4,933.7 4,990.8 5,002.5
Final sales of domestic
product
Change in business
inventories
3,030.2 3,197.1 3,090.3 3,142.2 3,173.4 3,217.8 3,255.1 3,298.6
Structures
1992
[Billions of 1987 dollars]
5,677.5 5,950.7 5,753.3 5,840.2 5,902.2 5,978.5 6,081.8 6,148.0
598.2
636.3
622.9
628.1
625.4
639.0
652.7
649.7
620.0
666.7
638.9
636.2
662.5
675.0
693.2
700.5
Gross domestic product ...
Less: Exports of goods and
services
Plus: Imports of goods and
services
5,699.3 5,981.1 5,769.3 5,848.3 5,939.4 6,014.5 6,122.3 6,198.9
Equals: Gross domestic
purchases1
39.0
Less: Change in business
inventories
5,709.5 5,976.7 5,760.1 5,864.1 5,931.3 5,999.5 6,112.0 6,159.9
Equals: Final sales to
domestic purchasers2
-10.2
4.4
9.2
-15.8
8.1
15.0
10.3
4,821.0 4,922.6 4,838.5 4,873.7 4,892.4 4,933.7 4,990.8 5,002.5
539.4
573.2
561.4
565.4
563.4
575.9
588.3
584.5
561.2
615.0
581.8
586.8
607.3
628.6
637.3
655.6
4,842.8 4,964.4 4,858.9 4,895.2 4,936.3 4,986.4 5,039.8 5,073.6
-9.3|
5.0
7.5
-12.6
7.8
15.0
36.8
9.8
4,852.1 4,959.4 4,851.4 4,907.7 4,928.5 4,971.4 5,030.0 5,036.8
1. Purchases by U.S. residents of goods and services wherever produced.
2. Final sales to U.S. residents of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
1. Purchases by U.S. residents of goods and services wherever produced.
2. Final sales to U.S. residents of goods and services wherever produced.
NOTE—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 1.7.—Gross Domestic Product by Sector
Table 1.8.—Gross Domestic Product by Sector in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Gross domestic
product
Business
5,677.5 5,950.7 5,753.3 5,840.2 5,902.2 5,978.5 6,081.8 6,148.0
4,803.8 5,033.4 4,867.2 4,937.4 4,988.6 5,057.5 5,149.9 5,200.6
Nonfarm
4,702.8 4,916.4 4,772.9 4,826.9 4,877.6 4,940.0 5,020.9 5,068.2
Nonfarm less housing .... 4,229.8 4,415.4 4,289.5 4,341.1 4,386.9 4,413.2 4,520.6 4,556.6
Housing
473.0 500.9 483.4 485.8 490.7 526.8 500.4 511.5
Farm
87.3
77.9
85.6
82.9
80.1
82.5
79.1
81.6
Statistical discrepancy
41.7
16.4
46.8
34.1
35.1
29.0
30.9
21.9
246.1
263.4
253.5
258.3
261.5
264.8
268.9
273.2
Private households ..
Nonprofit institutions
9.2
236.9
9.7
253.7
9.3
244.2
9.4
248.9
9.6
251.9
9.7
255.1
9.9
259.0
10.1
263.2
General government ..
627.6
654.0
632.7
644.4
652.2
656.2
663.0
674.2
192.0
435.6
199.0
454.9
191.1
441.6
198.2
446.2
198.7
453.5
199.0
457.2
200.2
462.8
206.6
467.6
Households and institutions
Federal
State and local
Addendum:
Gross domestic business
product less housing ....
4,326.3
Gross domestic
product
Business
4,821.0 4,922.6 4,838.5 4,873.7 4,892.4 4,933.7 4,990.8 5,002.5
4,103.9 4,202.9 4,123.1 4,156.8 4,174.4 4,212.5 4,268.0 4,278.7
4,015.8 4,100.3 4,036.3 4,058.8 4,076.1 4,109.2 4,157.2 4,166.6
Nonfarm
Nonfarm less housing .... 3,621.0 3,700.9 3,640.3 3,661.1 3,677.0 3,709.1 3,756.4 3,763.7
Housing
394.9 399.4 396.0 397.6 399.1 400.1 400.8 402.9
Farm
69.4
74.1
73.6
76.3
73.6
74.0
72.8
72.5
Statistical discrepancy
18.7
28.5
24.4
38.5
29.2
34.5
13.9
25.9
202.4
208.0
204.8
206.7
206.7
208.8
209.8
210.9
8.2
194.2
8.4
199.7
8.2
196.6
8.3
198.4
8.4
198.3
8.4
200.5
8.4
201.4
8.5
202.4
General government
514.7
511.7
510.6
510.3
511.3
512.3
513.0
512.9
Federal
State and local
157.1
357.5
151.5
360.2
153.4
357.3
152.5
357.7
151.8
359.5
151.1
361.2
150.6
362.4
149.5
363.4
Households and institutions
Private households
Nonprofit institutions
Addendum:
Gross domestic business
product less housing ....
3,705.2
SURVEY OF CURRENT BUSINESS
May 1993 •
13
Table 1.9.—Relation of Gross Domestic Product, Gross National
Product, Net National Product, National Income, and Personal
Income
Table 1.10.—Relation of Gross Domestic Product, Gross National
Product, Net National Product, and National Income in Constant
Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1991
Gross domestic product
Plus: Receipts of factor
income from the rest of the
world1
Less: Payments of factor
income to the rest of the
world2
Equals: Gross national
product
Less: Consumption of fixed
capital
Capital
consumption
allowances
Less: Capital
consumption
adjustment
Equals: Net national product
Less: Indirect business tax
and nontax liability
Business transfer
payments
Statistical discrepancy
Plus: Subsidies less current
surplus of government
enterprises
Equals: National income
Less: Corporate profits with
inventory valuation and
capital consumption
adjustments
Net interest
Contributions for
social insurance
Wage accruals less
disbursements
Plus: Personal interest income
Personal dividend
income
Government transfer
payments to
persons
Business transfer
payments to
persons
1992
1992
1991
1993
5,677.5 5,950.7 5,753.3 5,840.2 5,902.2 5,978.5 6,081.8 6,148.0
143.5
128.8
133.1
132.9
131.3
128.8
122.3
135.6
126.0
117.6
122.3
113.3
124.3
115.3
117.3
115.6
5,694.9 5,961
626.1
653.4
5,764.1 5,859.8 5,909.3 5,992.0 6,086.8 6,168.1
637.1
631.4
638.2
697.7
646.5
660.8
1991
Gross domestic product
Plus: Receipts of factor
income from the rest of the
world1
Less: Payments of factor
income to the rest of the
world2
Equals: Gross national
product
Less: Consumption of fixed
capital
Equals: Net national product
574.2
619.3
588.;
598.0
608.9
642.8
627.7
640.0
-51.9
-34.1
-48.8
-33.5
-29.3
-54.8
-18.8
-20.9
5,068.8 5,308.5 5,127.0 5,228.3 5,271.1 5,294.3 5,440.2 5,507.2
475.2
504.2
487.9
493.8
28.1
21.9
29.7
34.1
28.6
16.4
29.4
29.0
5
2.9
5.1
3.2
497.6
506.4
519.0
523.4
29.8
30.9
29.9
35.1
29.9
41.7
29.9
46.8
3.6
-3.4
8.2
16.3
4,544.2 4,743.4 4,599.1 4,679.4 4,716.5 4,719.6 4,858.0 4,923.5
Less: Indirect business tax
and nontax liability plus
business transfer payments
less subsidies plus current
surplus of government
enterprises
Statistical discrepancy
1993
1992
1991
4,821.0 4,922.6 4,838.5 4,873.7 4,892.4 4,933.7 4,990.8 5,002.5
120.8
105.4
110.8
109.7
107.6
105.0
99.2
109.0
105.4
95.2
101.0
92.7
101.0
93.0
94.1
91.8
4,836.4 4,932.8 4,848.2 4,890.7 4,899.1 4,945.6 4,995.9 5,019.6
569.3
591.3
579.1
576.4
578.0
628.3
592.8
582.5
4,267.2 4,341.5 4,269.1 4,314.3 4,321.1 4,317.3 4,413.3 4,426.9
391.6
18.7
401.0
28.5
391.3
13.9
396.3
24.4
399.5
25.9
402.5
29.2
406.1
38.5
405.6
34.5
Equals: National income
3,856.9 3,912.1 3,863.9 3,893.6 3,895.8 3,885.6 3,973.2 3,982.2
Addenda:
Net domestic product
Domestic income
Gross national income
4,251.7 4,331.3 4,259.4 4.297.3 4,314.4 4,305.4 4,408.2 4,409.7
3,841.5 3,901.9 3,854.2 3,876.6 3,889.1 3,873.6 3,968.1 3,965.0
4,817.8 4,904.3 4,834.3 4,866.3 4,873.2 4,916.4 4,961.3 4,981.1
1. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
2. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
346.3
449.5
393.8
415.2
347.1
446.9
384.0
430.0
388.4
420.0
374.1
407.3
428.5
403.6
432.2
402.9
Table 1.11.—Command-Basis Gross National Product in Constant
Dollars
528.8
553.5
535.2
546.2
550.8
554.4
562.5
572.4
[Billions of 1987 dollars]
-.1
700.6
-1.5
670.2
0
703.3
0
684.8
0
675.2
0
663.2
-6.0
657.8
-6.0
656.4
137.0
139.3
134.3
133.9
136.6
141.0
145.8
149.9
748.3
841.6
776.5
818.6
835.3
849.3
863.0
884.2
22.8
24.5
23.3
24.1
24.4
24.8
24.9
25.1
Gross national product
Less: Exports of goods and
services and receipts of
factor income from the rest
of the world
Plus: Command-basis exports
of goods and services and
receipts of factor income1 ..
Equals: Personal income
4,828.3 5,058.1 4,907.2 4,980.5 5,028.9 5,062.0 5,160.9 5,237.6
Equals: Command-basis
gross national product ....
Addenda:
Net domestic product
Domestic income .
Gross national income
5,051.4 5,297.2 5,116.3 5,208.7 5,264.1 5,280.9 5,435.3 5,487.2
4,526.7 4,732.1 4,588.4 4,659.8 4,709.5 4,706.1 4,853.0 4,903.5
5,673.1 5,927.8 5,747.7 5,830.8 5,878.4 5,956.9 6,045.1 6,121.2
Addendum:
Terms of trade2
1. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
2. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
1992
4,836.4 4,932.8 4,848.2 4,890.7 4,899.1 4,945.6 4,995.9 5,019.6
660 2
678.6
672.2
675.0
671.0
680.9
687.5
693.5
662.7
692.9
678.2
689.9
681.2
701.1
699.4
719.2
4,838.9 4,947.1 4,854.2 4,905.6 4,909.2 4,965.8 5,007.8 5,045.4
100.4
102.1
100.9
102.2
101.5
103.0
101.7
103.7
1. Exports of goods and services and receipts of factor income deflated by the implicit price deflator for
imports of goods and services and payments of factor income.
2. Ratio of the implicit price deflator for exports of goods and services and receipts of factor income to the
corresponding implicit price deflator for imports with the decimal point shifted two places to the right.
NOTE—Percent changes from preceding period for selected items in this table are shown in table 8.1.
14 • May 1993
SURVEY OF CURRENT BUSINESS
Table 1.14.—National Income by Type of Income
Table 1.16.—Gross Domestic Product of Corporate Business in
Current Dollars and Gross Domestic Product of Nonfinancial
Corporate Business in Current and Constant Dollars
[Billions of dollars]
Seasonally adjusted at annual rates
1991
1992
National income
Wages and salaries
Government
Other
Seasonally adjusted at annual rates
1993
1991
I
IV
Compensation of employees
1992
1991
1992
1992
1991
1993
4,544.2 4,743.4 4,599.1 4,679.4 4,716.5 4,719.6 4,858.0 4,923.5
3,390.8 3,525.2 3,433.8 3,476.3 3,506.3 3,534.3 3,583.7 3,628.9
2,812.2 2,916.6 2,845.0 2,877.6 2,901.3 2,923.5 2,963.9 3,000.3
543.5 562.5 546.4 554.6 561.4 564.3 569.6 578.1
2,268.7 2,354.1 2,298.6 2,323.0 2,339.9 2,359.1 2,394.3 2,422.2
Supplements to wages and
salaries
578.7
608.6
588.7
598.7
605.0
610.8
619.8
628.6
Employer contributions
for social insurance ...
Other labor income
290.4
288.3
302.9
305.7
293.7
295.0
299.4
299.2
301.5
303.6
302.9
307.9
307.6
312.2
312.0
316.5
368.0
404.5
377.9
393.6
398.4
397.4
428.4
442.0
35.8
39.5
37.9
40.1
38.5
31.5
48.1
52.9
Proprietors' income with
IVA and CCAdj
Farm
Proprietors' income with
IVA
CCAdj
43.4
-7.6
47.1
-7.5
45.4
-7.5
47.5
-7.4
45.8
-7.3
39.7
-8.2
55.3
-7.2
60.0
-7.1
Nonfarm
Proprietors' income
IVA
CCAdj
332.2
318.7
-.3
13.8
364.9
349.3
-.7
16.2
340.0
325.6
-.1
14.4
353.6
339.1
-.8
15.2
359.9
344.8
-1.0
16.1
365.9
350.2
-.5
389.1
372.6
16.2
380.4
363.2
-.3
17.5
Rental income of persons
with CCAdj
-10.4
4.7
-6.6
-4.5
3.3
6.4
13.6
17.5
47.5
-57.9
68.5
-63.8
54.7
-61.3
51.7
-56.2
60.0
-56.6
90.3
-83.9
72.2
-58.6
81.4
-63.8
346.3
393.8
347.1
384.0
388.4
374.1
428.5
432.2
337.8
334.7
364.2
371.6
140.2
231.4
149.3
82.1
-7.4
333.1
332.3
125.0
207.4
143.9
63.4
360.7
366.1
136.4
229.7
143.6
86.2
-5.4
361.4
376.8
144.1
232.7
146.6
86.1
-15.5
344.4
354.1
131.8
222.2
151.1
71.1
-9.7
390.4
389.4
391.4
400.6
146.8
253.8
160.2
93.6
-9.3
23.3
27.0
29.7
430.0
420.0
407.3
Rental income of persons ..
CCAdj
Corporate profits with IVA
and CCAdj
Corporate profits with IVA ..
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
IVA
CCAdj
Net interest
Addenda:
Corporate profits after tax
with IVA and CCAdj
Net cash flow with IVA
and CAdj
Undistributed profits
with IVA and CCAdj
Consumption of fixed
capital
Less: IVA
Equals: Net cash flow ....
124.0
210.7
146.5
64.2
3.1
8.4
29.5
449.5
415.2
.7
14.1
446.9
148.5
241.0
155.9
85.0
1.0
-1.4
17.9
38.1
40.8
403.6
402.9
Billions of dollars
Gross domestic
product of corporate
business
Consumption of fixed capital ..
Net domestic product
Indirect business tax and
nontax liability plus
business transfer
payments less subsidies
Gross domestic
product of financial
corporate business ..
Gross domestic
product of
nonfinancial
corporate business ..
Net domestic product
253.6
222.2
247.6
244.3
242.3
280.1
285.4
458.8
499.1
464.6
490.1
488.9
498.4
518.9
525.0
75.8
104.3
78.3
104.0
97.7
91.2
124.1
125.2
383.0
3.1
455.6
394.8
-7.4
506.5
386.3
.7
463.9
386.1
-5.4
495.6
391.2
-15.5
504.3
407.2
-9.7
508.1
394.7
1.0
517.9
399.8
-9.3
534.2
383.0
394.8
386.3
386.1
391.2
407.2
394.7
399.8
2,969.2 3,098.5 3,005.1 3,051.2 3,080.2 3,081.1 3,181.6 3,197.3
342.2
362.6
351.5
355.7
357.5
364.0
373.1
374.1
2,627.0 2,735.9 2,653.7 2,695.5 2,722.7 2,717.2 2.808.4 2,823.2
Domestic income
Compensation of
2,219.5 2,290.2 2,245.7 2,261.4 2,277.8 2,294.4 2,327.1 2,353.5
employees
Wages and salaries ... 1,855.8 1,913.5 1,874.9 1,890.6 1,903.1 1,916.5 1,943.9 1,965.8
Supplements to wages
363.7 376.6 370.9 370.8 374.7 377.9 383.2 387.7
and salaries
Corporate profits with
279.8 329.8 284.2 315.3 327.4 309.0 367.4 356.3
IVA and CCAdj
268.2 307.6 269.4 297.4 315.9 289.0 328.3 324.8
Profits before tax
124.0 140.2 125.0 136.4 144.1 131.8 148.5 146.8
Profits tax liability ..
178.0
144.2 167.4 144.5 161.0 171.7 157.1 179.8
Profits after tax
122.3 126.9
131.9 116.6
143.8 151.3
128.3 127.4
Dividends
Undistributed
26.6
36.0
30.2
44.4
49.5
12.6
40.0
15.9
profits
-9.3
-9.7
-5.4 -15.5
.7
-7.4
1.0
3.1
IVA
40.8
29.7
23.3
29.5
38.1
27.0
14.1
8.4
CCAdj
127.7 116.0 123.7 118.7 117.5 113.8 114.0 113.4
Net interest
Consumption of fixed capital ..
222.3
3,352.2 3,493.3 3,391.5 3,437.3 3,471.4 3,488.4 3,576.3 3,597.1
Indirect business tax and
nontax liability plus
business transfer
payments less subsidies
278.4
291.6
280.4
299.2
292.5
276.8
298.0
306.0
3,073.8 3,201.7 3,111.1 3,138.1 3,178.8 3,211.6 3,278.3 3,291.1
341.2
351.0
343.5
342.7
347.6
363.3
350.5
354.8
2,732.6 2,850.7 2,767.5 2,795.4 2,831.3 2,848.3 2,927.8 2,936.3
310.8
328.8
318.7
322.6
324.1
330.1
338.4
339.2
2,421.8 2,521.9 2,448.8 2,472.8 2,507.1 2,518.2 2,589.5 2,597.1
Domestic income
Compensation of
2,048.6 2,106.1 2,071.8 2,081.0 2,096.4 2,109.5 2,137.4 2,160.0
employees
Wages and salaries ... 1,711.3 1,757.9 1,727.9 1,738.01 1,749.7 1,760.2 1,783.7 1,802.3
Supplements to wages
337.3 348.2 343.9 343.0 346.6 349.3 353.8 357.7
and salaries
Corporate profits with
229.9 283.0 235.3 255.7 276.2 278.5 321.5 307.2
IVA and CCAdj
207.3 250.9 209.7 227.3 254.5 248.6 272.9 266.0
Profits before tax
96.6 108.0 105.1
90.2 100.8
98.9
81.1
82.1
Profits tax liability ..
126.2 152.0 127.6 137.1 153.7 152.0 165.0 160.9
Profits after tax
117.3 117.7 120.9 107.1 113.4 117.0 133.3 140.3
Dividends
Undistributed
31.7
40.4
20.6
35.0
6.7
30.1
34.3
8.8
profits
1.0
.7
-9.3
-9.7
IVA
-5.4 -15.5
-7.4
3.1
50.4
39.5
47.6
37.1
33.8
24.8
39.5
19.4
CCAdj
143.4 132.9 141.7 136.0 134.6 130.3 130.5 130.0
Net interest
Billions of 1987 dollars
Gross domestic
product of
nonfinancial
corporate business ..
Consumption of fixed capital ..
Net domestic product
Indirect business tax and
nontax liability plus
business transfer
payments less subsidies
Domestic income
2,698.0 2,780.9 2,722.0 2,737.6 2,760.8 2,787.6 2,837.6 2,830.0
309.5 317.5 312.0 313.2 314.0 326.9 316.1 319.4
2,388.5 2,463.4 2,410.0 2,424.3 2,446.9 2,460.7 2,521.5 2,510.7
249.0 256.3 249.5 252.6 254.8 257.4 260.3 260.5
2,139.6| 2,207.1 2,160.5 2,171.8 2,192.0 2,203.4 2,261.2 2,250.2
May 1993
SURVEY OF CURRENT BUSINESS
•
15
Table 2.2.—Personal Consumption Expenditures by Major Type of
Product
Table 2.1 .—Personal Income and Its Disposition
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
1991
1992
1991
IV
Personal income
Wage and salary
disbursements
Commodity-producing
industries
Manufacturing
Distributive industries
Service industries
Government
Other labor income
Proprietors' income with
inventory valuation and
capital consumption
adjustments
Farm
Nonfarm
1992
1991
I
2,812.2 2,918.1 2,845.0 2,877.6 2,901.3 2,923.5 2,969.9 3,006.3
737,
556.9
647.883.9
543.6
743.2
565.
666.8
945.5
562.5
741.5
563.9
652.9
904.3
546.4
736.8
559.9
660.9
925.3
554.6
743.1
564.7
662.9
933.9
561.4
742,
565.5
667.7
949.1
564.3
750.6
572.8
675.8
973.9
569.6
754.4
576.4
685.6
988.2
578.1
288.3
305/
295.0
299.
303.6
307.9
312.2
316.5
368.0
35.8
332.2
404.5
39.5
364.9
377.9
37.9
340.0
393.6
40.1
353.6
398.4
38.5
359.9
397.4
31.5
365.9
428.4
48.1
380.4
442.0
52.9
389.1
-10.4
4.7
-6.6
-4.5
3.3
6.4
13.6
17.5
Personal dividend income
137.0
139.3
134.3
133.9
136.6
141.0
145.8
149.9
Personal interest income
700.6
670.2
703.3
684.8
675.;
663.:
657.8
656.4
771.1
866.1
799.8
842.7
859.7
874.1
888.0
909.4
382.0
414.1
390.6
405.7
412.1
417.1
421.6
434.2
27.!
18.1
40.2
19.1
30.0
18.1
39.7
20.2
41.7
18.7
40.4
18.5
39.1
18.8
35.9
19.7
101.3
242.1
107.0
285.7
102.0
259.1
106.4
270.7
106.4
280.8
106.6
291.5
108.6
299.9
112.0
307.6
22.0
220.2
23.3
262.4
22.7
236.4
23.0
247.7
23.4
257.4
23.6
267.9
23.3
276.6
23.4
284.2
Less: Personal
contributions for social
insurance
Less: Personal tax and
nontax payments
238.4
618.7
250.6
627.3
241.5
622.3
246.8
619.6
249.3
617.1
251.5
628.8
254.8
643.6
260.4
656.3
4,209.6 4,430.8 4,284.9 4,360.9 4,411.8 4,433.2 4,517.3 4,581.4
Less: Personal outlays
4,009.9 4,218.1 4,065.5 4,146.3 4,179.5 4,229.9 4,316.9 4,362.3
Equals: Personal saving
Addenda :
Disposable personal
income:
Total, billions of 1987
dollars
Per capita:
Current dollars
1987 dollars
Population (mid-period,
millions)
3,887.7 4,095.8 3,942.9 4,022.8 4,057.1 4,108.7 4,194.8 4,238.6
112.5 112.1 112.8 113.3 112.0 111.2 111.7 113.1
9.7
10.3
9.7
10.2
10.4
10.0
10.4
10.7
199.6
212.6
219.4
214.6
232.3
203.3
200.4
219.0
3,509.0 3,585.1 3,530.8 3,565.7 3,576.0 3,580.5 3,618.2 3,642.4
16,658 17,346 16,885 17,143 17,297 17,332 17,610 17,817
13,886 14,035 13,913 14,017 14,021 13,998 14,105 14,165
252.7
255.4
253.81
254.4
255.1
255.8
256.5
257.1
4.7
4.8
5.1
4.9
5.3
4.6
4.4
4.8
Personal saving as
percentage of disposable
personal income
NOTE—Percent changes from preceding period for selected items in this table are shown in table 8.1.
1991
1993
1992
Personal consumption
expenditures
Durable goods
Motor vehicles and parts ...
Furniture and household
equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other household
operation
Transportation
Medical care
Other
3,887.7 4,095.8 3,942.9 4,022.8 4,057.1 4,108.7 4,194.8 4,238.6
446.1
480.4
450.4
470.6
482.5
499.1
500.6
185.4
203.7
190.9
198.9
200.7
201.7
213.6
212.8
170.4
90.2
180.9
95.8
168.9
90.6
176.3
94.1
176.3
93.5
182.4
98.5
188.4
97.2
188.8
98.9
1,251.5 1,290.7 1,251.4 1,274.1 1,277.5 1,292.8 1,318.6 1,321.8
617.7
209.0
105.5
11.7
307.7
630.9
221.8
105.4
12.8
319.8
620.0
206.8
103.5
11.3
309.8
627.9
216.5
102.8
11.6
315.4
623.2
217.4
105.4
13.8
317.7
627.3
224.3
107.7
13.0
320.5
645.2
229.0
105.8
12.7
325.7
645.1
226.0
106.4
13.7
330.5
2,190.1 2,324.7 2,241.1 2,279.3 2,309.0 2,333.3 2,377.1 2,416.3
574.0
223.7
103.6
600.5
227.9
104.7
583.0
225.5
105.2
590.9
223.5
101.8
597.4
227.9
104.2
603.3
225.8
104.8
610.3
234.4
107.9
618.7
234.9
107.6
120.1
147.3
580.2
664.9
123.3
154.5
635.2
706.6
120.3
149.8
603.2
679.6
121.8
152.6
614.8
697.5
123.6
152.5
629.0
702.2
121.0
153.1
642.0
709.1
126.5
159.9
655.0
717.5
127.3
164.8
669.1
728.8
Table 2.3.—Personal Consumption Expenditures by Major Type of
Product in Constant Dollars
[Billions of 1987 dollars]
Equals: Disposable personal
income
Personal consumption
expenditures
Interest paid by persons ....
Personal transfer payments
to rest of the world (net)
1992
4,828.3 5,058.1 4,907.2 4,980.5 5,028.9 5,062.0 5,160.9 5,237.6
Rental income of persons
with capital
consumption
adjustment
Transfer payments to
persons
Old-age, survivors,
disability, and health
insurance benefits
Government
unemployment
insurance benefits
Veterans benefits
Government employees
retirement benefits
Other transfer payments
Aid to families with
dependent children
Other
Seasonally adjusted at annual rates
1993
Personal consumption
expenditures
Durable goods
Motor vehicles and parts...
Furniture and household
equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other household
operation
Transportation
Medical care
Other
3,240.8 3,314.0 3,249.0 3,289.3 3,288.5 3,318.4 3,359.9 3,369.9
414.7
439.1
416.1
432.3
430.0
439.8
454.4
455.1
171.0
182.2
174.0
181.5
180.2
179.0
188.0
186.3
168.6
75.0
179.6
77.4
167.9
74.2
174.4
76.5
174.4
75.4
181.5
79.3
188.0
78.3
189.9
78.8
1,042.4 1,054.1 1,035.6 1,049.6 1,045.6 1,052.0 1,069.4 1,063.0
515.8
181.3
85.2
9.7
250.5
518.4
188.3
85.5
10.9
251.0
515.3
177.5
84.7
9.4
248.6
518.9
184.1
85.7
10.2
250.7
513.5
184.4
85.8
12.0
249.8
514.3
190.8
86.0
10.9
250.1
526.7
193.7
84.6
10.8
253.6
523.5
188.6
84.0
11.6
255.3
1,783.7 1,820.7 1,797.4 1,807.3 1,812.9 1,826.6 1,836.2 1,851.8
478.2
204.7
95.2
484.4
204.5
94.3
479.8
204.6
95.6
481.2
201.6
92.9
483.3
204.2
94.5
485.8
205.6
94.0
487.2
206.7
95.7
489.3
207.8
95.8
109.6
121.2
438.8
540.7
110.3
122.0
455.8
554.1
109.0
121.0
447.2
544.8
108.7
120.3
449.6
554.6
109.7
121.3
453.7
550.5
111.6
124.1
458.1
553.1
111.0
122.2
461.7
558.3
111.9
122.7
466.5
565.4
l6 • May 1993
SURVEY OF CURRENT BUSINESS
Table 3.2.—Federal Government Receipts and Expenditures
Table 3.3.—State and Local Government Receipts and Expenditures
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
1991
Receipts
1991
Seasonally adjusted at annual rates
1993
1992
1,122.2 1,160.4 1,129.4 1,143.3 1,149.8 1,155.4 1,193.1 1,213.5
Personal tax and nontax
receipts
Income taxes
Estate and gift taxes
Nontaxes
473.4
461.4
Corporate profits tax accruals
Federal Reserve banks
Other
Indirect business tax and
nontax accruals
Excise taxes
Customs duties
Nontaxes
Contributions for social
insurance
Expenditures
1992
474.1
499.3
464.2
452.3
10.8
1.1
1.1
11.5
1.1
115.0
18.3
96.7
103.3
20.3
83.0
112.2
19.3
92.9
118.3
19.0
99.3
108.2
17.7
90.5
104.1
120.0
17.0
103.0
81.5
46.4
18.6
16.5
80.8
45.7
18.9
16.2
79.2
46.0
17.1
16.1
79.8
46.1
17.9
15.8
81.3
46.6
18.7
16.0
85.8
47.1
20.6
18.1
87.1
49.2
21.6
16.3
461.7
11.2
1.1
102.5
20.8
81.7
78.2
45.6
17.2
15.3
468.2
475.5
462.9
468.4
456.4
10.9
1.1
11.0
1.0
489.7
472.2
460.5
10.7
473.2
483.5
487.4
490.4
488.2
475.3
11.7
1.2
121.4
17.3
497.7
486.4
11.6
1.4
507.0
1,332.7 1,458.4 1,388.1 1,432.5 1,452.7 1,459.8 1,488.6 1,487.0
Purchases
National defense
Nondefense
447.3
323.8
123.6
449.1
315.8
133.4
440.8
314.7
126.1
565.9
564.7
445.0
313.6
131.4
455.2
319.6
135.7
451.6
318.2
133.4
441.2
304.3
136.9
605.9
622.6
610.6
641.4
13.6
12.0
617.6
23.9
645.4
630.8
14.6
444.8
311.7
133.1
Transfer payments (net)
To persons
To rest of the world (net)...
521.9
550.2
-28.3
623.3
608.0
15.3
Grants-in-aid to State and
local governments
153.3
173.0
163.6
165.1
174.1
174.0
178.7
178.2
186.9
186.7
219.9
181.1
186.8
220.3
182.0
38.2
187.5
221.9
183.1
187.8
221.1
182.0
184.8
216.4
177.1
38.9
190.1
223.2
185.0
38.2
38.9
39.1
39.2
181.8
214.1
174.9
39.2
34.0
33.2
33.2
33.4
34.5
33.3
31.6
32.3
23.1
29.1
26.2
30.6
27.7
33.4
25.7
30.9
26.9
31.6
20.2
24.7
32.2
35.3
40.4
43.4
6.0
4.4
5.7
5.2
4.7
4.5
3.2
3.0
-.1
0
0
0
0
0
0
0
Net interest paid
Interest paid
To persons and business
To rest of the world (net)
Less: Interest received by
government
220.9
181.9
39.0
Subsidies less current surplus
of government enterprises .
Subsidies
Less: Current surplus of
government enterprises..
Less: Wage accruals less
disbursements
Surplus or deficit (-),
national income and
product accounts
Social insurance funds
Other
1.3
609.8
597.8
12.0
619.5
Receipts
Personal tax and nontax
receipts
Income taxes
Nontaxes
Other
Corporate profits tax accruals
Indirect business tax and
nontax accruals
Sales taxes
Property taxes
Other
Contributions for social
insurance
28.4
30.1
34.5
32.6
30.4
46.2
50.1
28.5
-260.6 -328.4 -304.8 -317.6 -331.3 -334.5 -330.0 -306.1
1992
1991
777.9
837.7
804.6
817.8
834.0
840.0
859.2
863.6
145.4
110.3
16.7
18.4
153.2
115.8
150.1
114.2
17.1
18.8
151.1
114.6
153.3
115.7
18.0
19.1
152.9
115.8
17.7
19.4
19.6
155.5
117.3
18.3
19.9
156.9
118.1
17.9
19.5
21.5
25.2
21.7
24.2
25.8
23.6
27.0
26.8
397.0
189.0
167.7
40.4
422.7
200.8
180.5
41.4
407.1
192.9
172.4
41.8
414.6
197.3
175.6
41.7
417.8
198.5
178.9
40.4
425.1
201.6
182.3
41.2
433.2
205.8
185.1
42.3
436.3
206.9
1992
17.4
1993
18.6
20.2
188.0
41.4
60.6
63.7
62.0
62.7
63.4
64.0
64.8
65.4
153.3
173.0
163.6
165.1
174.1
174.0
178.7
178.2
Expenditures
760.7
822.3
782.5
801.2
816.3
830.8
840.8
852.6
Purchases
Compensation of
employees
Other
643.2
665.8
649.5
658.0
664.3
669.0
671.7
674.9
435.6
207.6
454.9
210.8
441.6
207.9
446.2
211.8
453.5
210.8
457.2
211.8
462.8
208.9
467.6
207.3
Federal grants-in-aid
Transfer payments to persons
198.0
233.6
211.8
220.8
229.4
238.7
245.5
253.4
Net interest paid
Interest paid
Less: Interest received by
government
-48.4
63.7
-43.8
66.5
-46.6
64.8
-45.4
65.4
-44.3
66.1
-43.3
66.8
-42.3
67.5
-41.3
68.1
112.1
110.3
111.3
110.8
110.4
110.1
109.7
109.5
9.5
10.0
9.6
9.7
10.0
10.1
10.2
10.4
-22.6
.4
-23.3
.4
-22.6
.4
-22.5
.4
-23.2
.4
-23.6
-23.9
-24.1
.4
23.0
23.7
23.0
22.9
23.6
24.0
24.3
24.5
0
0
0
0
0
17.1
15.5
22.0
16.6
17.7
9.2
18.3
11.0
60.3
-43.1
57.5
-42.1
59.4
-37.3
58.4
-41.8
58.0
-40.3
57.2
-48.0
56.5
-38.1
55.6
-44.6
Less: Dividends received by
government
Subsidies less current surplus
of government enterprises .
Subsidies
Less: Current surplus of
government enterprises..
Less: Wage accruals less
disbursements
Surplus or deficit (-),
national income and
product accounts
Social insurance funds
Other
-210.4 -298.0 -258.7 -289.2 -302.9 -304.4 -295.5 -273.5
1991
0
SURVEY OF CURRENT BUSINESS
May 1993
•
1J
Table 3.7B.—Government Purchases by Type
Table 3.8B.—Government Purchases by Type in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
1991
Government purchases
Federal
National defense
Durable goods
Nondurable goods
Services
Compensation of
employees
Military
Civilian
Other services
Structures
Nondefense
Durable goods
Nondurable goods
Commodity Credit
Corporation
inventory change ...
Other nondurables
Services
Compensation of
employees
Other services
Structures
State and local
Durable goods
Nondurable goods
Services
Compensation of
employees
Other services
Structures
1992
1991
1992
Seasonally adjusted at annual rates
1993
1,090.5 1,114.9 1,090.3 1,103.1 1,109.1 1,124.2 1,123.3 1,116.1
447.3
449.1
440.8
445.0
444.8
455.2
451.6
441.2
323.8
84.1
315.8
313.6
319.6
80.1
11.7
222.0
318.2
79.5
10.3
218.7
311.7
76.7
12.1
216.8
10.5
222.2
304.3
74.4
8.9
215.8
12.:
222.5
219.9
314.7
80.2
12.5
217.1
132.6
88.6
44.0
90.0
4.9
135.4
88.
46.9
84.6
5.7
130.9
86.5
44.4
86.2
4.9
135.;
88.9
46.3
83.4
5.2
135.
88.4
46.8
81.6
6.0
135.2
88.2
47.0
86.8
5.7
135.8
88.4
47.4
86.4
5.7
139.9
90.8
49.1
75.9
5.2
123.6
6.8
7.0
133.4
7.6
8.3
126.1
7.0
5.3
131.4
7.2
7.1
133.1
7.4
8.0
135.7
8.0
9.2
133.4
7.9
9.0
136.9
8.1
9.2
.4
6.6
100.4
.5
7.8
106.4
-2.0
7.4
102.9
-.7
7.9
1.5
7.7
106.2
-.2
8.2
107.2
106.6
1.6
7.4
105.8
1.8
7.4
110.1
59.4
41.0
9.4
63.7
42.8
11.0
60.2
42.7
10.8
62.9
43.2
10.9
63.5
43.7
10.4
63.8
42.8
11.9
64.4
41.4
10.8
66.7
43.4
9.5
643.2
665.8
649.5
658.0
664.3
669.0
671.7
674.9
36.4
58.0
462.1
37.0
58.5
477.2
36.7
57.8
466.6
36.8
57.3
470.4
37.0
58.7
475.7
37.2
59.2
478.9
37.2
58.6
483.7
37.4
59.0
487.2
435.6
26.6
86.7
454.9
22.2
93.1
441.6
25.0
88.4
446.2
24.2
93.5
453.5
22.2
92.9
457.2
21.7
93.7
462.8
20.9
92.2
467.6
19.6
91.3
79.0
11.2
79.8
1991
1992
1992
1991
1993
941.0
937.8
933.1
937.0
934.2
943.0
388.3
375.6
378.2
375.3
372.7
379.5
375.0
National defense
Durable goods
Nondurable goods
Services
Compensation of
employees
Military
Civilian
Other services
Structures
282.8
78.6
10.4
189.6
265.0
73.7
10.2
176.3
271.0
74.7
10.8
181.1
265.6
262.1
71.5
11.0
267.4
74.8
108.6
72.9
35.7
81.0
4.2
102.3
66.4
35.9
74.0
4.8
104.6
69.0
35.6
76.6
4.3
Nondefense
Durable goods
Nondurable goods
Commodity Credit
Corporation
inventory change ...
Other nondurables
Services
Compensation of
employees
Other services
Structures
105.5
6.8
6.5
110.6
8.1
7.5
.7
5.9
Government purchases
Federal
State and local
Durable goods
Nondurable goods
Services
Compensation of
employees
Other services
Structures
936.8
174.5
10.3
177.5
265.0
74.6
9.
176.0
103.5
67.8
35.7
73.7
4.5
102.5
66.6
35.9
72.0
5.1
101.8
65.9
35.9
75.7
4.8
101
65.4
35.9
74.7
4.8
107.2
7.2
5.4
109.7
7.5
6.9
110.6
7.8
7.4
112.1
8.4
7.8
109.9
8.6
7.9
.5
7.0
85.3
-1.2
6.6
85.1
-.1
7.0
85.6
.1
7.3
86.3
.9
6.9
85.5
1.2
6.7
84.1
48.6
35.4
8.2
49.2
49.0
36.5
49.3
9.7
48.8
36.3
9.5
9.7
36.9
9.2
49.3
36.2
10.4
49.3
34.8
9.4
552.7
562.2
554.9
561.8
561.5
563.5
561.9
32.7
50.3
391.3
32.8
50.6
393.7
32.8
50.5
391.1
32.7
50.5
391.6
32.7
50.6
392.9
32.8
50.7
394.6
32.8
50.8
395.7
357.5
33.8
78.3
360.2
33.5
85.0
357.3
33.8
80.6
357.7
33.9
86.9
359.5
33.4
85.2
361.2
33.4
85.4
362.4
33.3
82.6
83.9
36.1
74.1
9.7
177.2
Table 3.10.—National Defense Purchases
Table 3.11.—National Defense Purchases in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
National defense
purchases
Durable goods
Military equipment
Aircraft
Missiles
Ships
Vehicles
Electronic equipment.
Other
Other durable goods
Nondurable goods
Petroleum products
Ammunition
Other nondurable goods
Services
Compensation of
employees
Military
Civilian
Other services
Contractual research and
development
Installation support1
Weapons support2
Personnel support3
Transportation of
material
Travel of persons
Other
Structures .
Military facilities
Other
323.8
315.8
314.7
313.6
311.7
319.6
318.2
304.3
84.1
79.0
80.2
79.5
76.7
80.1
79.8
74.4
78.1
27.0
16.4
12.1
73.2
22.7
16.2
11.4
74.0
25.7
16.3
12.0
73.5
23.1
15.8
11.2
71.3
22.7
15.7
11.3
74.0
22.4
16.7
11.4
74.0
22.4
16.6
11.6
4.7
6.7
4.5
6.5
3.8
6.2
4.3
4.1
6.2
5.0
6.9
4.7
6.6
11.2
6.0
11.9
10.1
6.2
12.5
6.0
11.3
5.8
5.4
11.7
6.1
12.1
5.8
69.9
20.3
15.5
11.5
4.1
6.4
12.1
4.6
12.2
11.2
12.5
10.3
12.1
11.7
10.5
8.9
5.0
3.6
3.5
3.7
4.0
3.4
5.1
3.9
3.5
4.1
2.6
3.6
3.8
5.1
3.2
4.0
4.2
3.5
3.0
4.2
3.3
3.0
3.2
2.6
222.5
219.9
217.1
218.7
216.8
222.0
222.2
215.8
6.5
132.6
88.6
44.0
90.0
135.4
88.5
46.9
84.6
130.9
86.5
44.4
86.2
135.2
88.9
46.3
83.4
135.2
88.4
46.8
81.6
135.2
88.2
47.0
86.8
135.8
88.4
47.4
86.4
139.9
90.8
49.1
75.9
25.6
23.1
11.2
13.0
23.2
23.9
12.1
11.9
24.1
22.8
12.1
11.6
22.0
24.2
11.5
11.6
22.8
23.0
12.0
11.6
23.8
24.9
12.5
12.2
24.4
23.4
12.3
12.3
21.5
21.4
10.4
10.8
9.3
8.5
-.8
6.0
8.0
-.5
6.8
9.3
-.5
6.2
8.3
-.4
5.4
7.3
-.4
6.0
8.1
-.8
6.2
8.3
-.5
5.4
7.1
-.7
4.9
5.7
4.9
5.2
6.0
5.7
5.7
5.2
2.5
2.4
3.4
2.2
2.6
2.3
3.1
2.1
3.7
2.3
3.4
2.3
3.6
2.1
2.9
2.2
1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors to
operate installations.
2. Includes depot maintenance and contractual services for weapons systems, other than research and
development.
3. Includes compensation of foreign personnel, consulting, training, and education.
National defense
purchases
Durable goods
Military equipment
Aircraft
Missiles
Ships
Vehicles
Electronic equipment..
Other
Other durable goods
Nondurable goods
Petroleum products
Ammunition
Other nondurable goods
Services
Compensation of
employees
Military
Civilian
Other services
Contractual research and
development
Installation support1
Weapons support2
Personnel support3
Transportation of
material
Travel of persons
Other
Structures.
Military facilities
Other
282.8
265.0
271.0
265.6
262.1
267.4
265.0
78.6
73.7
74.7
74.1
71.5
74.8
74.6
72.6
24.9
16.8
10.3
67.5
20.2
17.3
68.3
23.1
17.1
10.1
67.9
20.9
16.6
65.7
20.7
16.4
68.2
20.0
17.7
68.1
19.3
18.5
9.6
3.8
6.0
9.6
3.7
5.7
9.7
9.6
4.5
6.3
9.8
4.1
6.1
10.3
6.4
9.6
4.0
6.0
4.3
6.3
9.9
6.0
10.3
6.3
10.4
3.7
3.7
3.0
3.3
5.8
8.9
6.4
10.9
6.3
5.8
10.1
6.6
10.2
10.8
9.7
11.0
10.3
9.7
3.1
4.1
3.0
3.8
4.0
3.0
3.7
2.9
3.1
3.2
5.0
2.8
3.1
4.1
3.1
2.4
4.3
2.9
189.6
176.3
181.1
177.2
174.5
177.5
176.0
108.6
72.9
35.7
81.0
102.3
66.4
35.9
74.0
104.6
69.0
35.6
76.6
103.5
67.8
35.7
73.7
102.5
66.6
35.9
72.0
101.8
65.9
35.9
75.7
101.3
65.4
35.9
74.7
23.4
20.3
20.7
20.9
10.2
21.7
19.9
10.4
19.9
21.3
9.8
20.3
20.2
10.2
21.1
21.6
10.5
21.4
20.3
10.2
10.3
9.0
8.9
9.8
8.8
8.9
9.1
9.1
10.3
7.5
-.6
6.7
7.1
-.4
7.7
8.4
-.4
6.9
7.4
-.3
6.1
6.7
6.8
7.3
-.6
6.9
7.2
-.4
4.2
4.8
4.3
4.5
5.1
4.8
4.8
2.3
1.9
3.0
1.8
2.4
1.8
2.8
1.7
3.2
1.9
3.0
1.8
3.2
1.6
_ Q
1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors to
operate installations.
2. Includes depot maintenance and contractual services for weapons systems, other than research and
development.
3. Includes compensation of foreign personnel, consulting, training, and education.
l8 • May 1993
SURVEY OF CURRENT BUSINESS
Table 4.1.—Foreign Transactions in the National Income and Product
Accounts
Table 4.2.—Exports and Imports of Goods and Services and
Receipts and Payments of Factor Income in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
1991
Receipts from rest of the world
Exports of goods and services
Merchandise1
Durable
Nondurable
Services1
2
Receipts of factor income
Capital grants received by the United
States (net)
Payments to rest of the world ...
Imports of goods and services
Merchandise1
Durable
Nondurable
Services1
1992
1991
1992
Seasonally adjusted at annual rates
1993
741.7 765.1 756.0 761.0 756.7 767.9 775.0 785.3
598.2
423.1
282.0
141.0
175.1
636.3
444.8
298.7
146.1
191.5
622.9
437.7
293.3
144.3
185.3
628.1
437.3
293.2
144.1
190.8
625.4
435.2
292.8
142.4
190.2
639.0
446.7
298.3
148.3
192.4
652.7
460.0
310.6
149.4
192.7
649.7
451.6
306.6
145.0
198.1
143.5 128.8 133.1 132.9 131.3 128.8 122.3 135.6
0
0
0
0
0
0
741.7 765.1 756.0 761.0 756.7 767.9 775.0 785.3
620.0
499.9
315.3
184.6
120.1
666.7
544.1
345.8
198.3
122.6
638.9
516.2
327.5
188.7
122.7
636.2
513.1
330.2
182.9
123.1
662.5
537.0
339.1
197.9
125.5
675.0
559.7
352.9
206.7
115.3
693.2
566.8
361.0
205.8
126.4
700.5
571.6
369.8
201.8
128.9
Payments of factor income3
126.0 117.6 122.3 113.3 124.3 115.3 117.3 115.6
Transfer
From
From
From
-13.3
9.7
-28.3
5.3
payments (net)
persons (net)
government (net) ..
business
Net foreign investment
16.2
9.7
1.3
5.3
30.8
10.3
15.3
5.2
27.4
10.2
12.0
5.3
29.3
10.4
13.6
5.3
27.1
10.0
12.0
5.1
39.2
10.4
23.9
5.0
30.0
10.7
14.6
4.7
1991
539.4
392.5
266.4
126.1
146.9
Exports of goods and services
Merchandise1
Durable
Nondurable . . .
Services1
1992
573.2
417.6
284.7
132.9
155.6
1992
1991
1993
IV
I
II
III
IV
I
561.4
407.3
277.0
130.3
154.0
565.4
408.1
276.1
131.9
157.3
563.4
408.0
278.4
129.6
155.4
575.9
420.4
285.8
134.6
155.5
588.3
434.1
298.5
135.6
154.2
584.5
427.1
295.0
132.2
157.3
Receipts of factor income2
120.8 105.4 110.8 109.7 107.6 105.0
Imports of goods and services
Merchandise1
Durable
Nondurable
Services1
561.2
463.5
296.7
166.8
97.7
Payments of factor income3
105.4
615.0
514.3
334.2
180.1
100.7
581.8
482.2
311.0
171.3
99.6
95.2 101.0
99.2 109.0
607.3
507.8
327.0
180.8
99.5
628.6
526.4
342.1
184.3
102.2
637.3
535.1
351.5
183.6
102.2
655.6
550.5
363.5
187.0
105.1
92.7 101.0
93.0
94.1
91.8
586.8
488.0
316.3
171.8
98.8
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services.
2. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
3. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
9.0 -49.9 -21.5 -16.0 -59.4 -49.6 -74.7 -60.8
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services.
2. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
3. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
Table 4.3.—Exports and Imports of Merchandise by End-Use Category
Table 4.4.—Exports and Imports of Merchandise by End-Use Category
in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Exports of merchandise
Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Imports of merchandise
Foods, feeds, and beverages
Industrial supplies and materials, except
petroleum and products
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Addenda:
Exports of agricultural products1
Exports of nonagricultural products ...
Imports of nonpetroleum products
1. Includes parts of line 2, 5, and line 13.
423.1 444.8 437.7 437.3 435.2 446.7 460.0 451.6
35.7 40.6 38.6 40.2 37.8 42.3 42.2 41.2
106.4 105.3 104.9 104.2 104.8 106.6 105.5 103.7
37.2 36.8 36.4 36.1 35.7 38.0 37.4 37.5
69.2 68.4 68.5 68.1 69.1 68.6 68.0 66.2
167.0 176.8 176.3 176.4 173.9 173.7 183.3 179.2
36.4 37.9 40.8 42.6 37.7 33.3 37.8 33.8
27.3 28.7 27.9 27.4 28.6 28.9 30.1 28.9
103.3 110.2 107.6 106.4 107.6 111.5 115.4 116.5
40.0 47.2 41.7 42.9 46.2 49.0 50.7 51.1
45.9 50.4 48.2 47.9 48.5 51.3 53.8 52.0
23.8 25.6 24.9 24.9 25.0 25.7 26.9 26.6
22.2 24.8 23.2 23.0 23.6 25.6 26.9 25.4
27.9 24.5 28.1 25.6 24.0 23.7 24.5 24.4
13.9 12.2 14.0 12.8 12.0 11.9 12.3 12.2
13.9 12.2 14.0 12.8 12.0 11.9 12.3 12.2
499.9 544.1 516.2 513.1 537.0 559.7 566.8 571.6
26.4
27.7
27.5
Exports of merchandise
Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Imports of merchandise
392.5 417.6 407.3 408.1 408.0 420.4 434.1 427.1
31.3 36.0 33.4 35.1 33.0 38.1 37.9 36.7
95.5 96.7 96.4 97.5 96.7 96.6 95.9 94.2
32.4 31.5 31.9 31.7 30.7 32.1 31.5 30.7
63.1 65.2 64.5 65.8 66.0 64.5 64.4 63.5
163.7 178.1 172.5 173.1 174.0 177.1 188.1 185.4
30.9 31.3 34.2 35.5 31.4 27.4 31.0 27.7
40.6 50.1 43.9 44.1 48.3 52.1 56.0 55.6
92.2 96.6 94.4 93.5 94.4 97.6 101.0 102.1
36.3 42.0 37.5 38.4 41.1 43.5 44.8 45.0
40.9 43.3 42.7 41.3 41.9 44.1 45.8 44.3
21.6 22.4 22.7 21.6 21.9 22.6 23.3 23.1
19.2 20.9 20.0 19.7 20.0 21.5 22.5 21.2
24.8 21.6 24.9 22.8 21.2 20.9 21.6 21.4
12.4 10.8 12.4 11.4 10.6 10.5 10.8 10.7
12.4 10.8 12.4 11.4 10.6 10.5 10.8 10.7
463.5 514.3 482.2 488.0 507.8 526.4 535.1 550.5
24.5
26.1
24.5
24.9
27.2
26.4
25.8
26.4
75.6 82.3 78.0 80.9 81.4 82.4 84.5 86.5
36.3 39.7 37.0 39.6 38.9 39.4 40.8 42.0
39.2 42.6 41.0 41.3 42.5 42.9 43.6 44.5
51.2 51.0 48.8 41.5 51.7 56.6 54.3 50.4
120.7 134.0 122.1 125.1 131.4 138.0 141.4 142.3
11.7 12.7 11.5 12.1 13.5 12.3 13.1 10.7
26.1 31.6 26.8 27.7 30.7 33.8 34.2 35.5
82.9 89.6 83.8 85.4 87.2 91.9 94.1 96.1
84.9 90.8 88.6 87.8 89.5 91.2 94.6 99.6
108.0 122.8 118.7 116.2 119.2 128.6 127.1 129.2
56.8 63.7 63.0 60.2 62.0 67.0 65.6 67.8
51.2 59.1 55.7 56.0 57.3 61.6 61.5 61.3
33.0 35.4 33.6 34.9 34.7 34.8 37.3 36.0
16.5 17.7 16.8 17.4 17.4 17.4 18.6 18.0
16.5 17.7 16.8 17.4 17.4 17.4 18.6 18.0
Foods, feeds, and beverages
Industrial supplies and materials, except
petroleum and products
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
65.5 71.8 69.1 71.4 70.8 71.4 73.5 75.2
31.3 34.0 32.5 34.7 32.7 33.3 35.2 35.5
34.2 37.8 36.6 36.7 38.1 38.1 38.3 39.6
48.6 50.6 46.5 46.7 50.9 52.5 52.1 52.9
124.4 150.5 129.3 135.6 146.9 157.0 162.5 167.9
8.7
9.6 10.0 11.2 10.1 10.7
10.0 10.5
41.1 59.6 45.7 48.6 56.2 65.2 68.1 73.1
73.4 80.4 74.0 77.0 79.4 81.7 83.6 86.1
75.7 78.3 78.3 76.4 77.7 78.4 80.9 85.4
95.4 106.0 104.6 102.2 103.5 110.2 108.0 111.1
50.6 55.8 55.9 54.1 54.3 58.2 56.7 58.8
44.8 50.1 48.7 48.0 49.2 52.1 51.2 52.3
29.3 31.1 29.8 30.9 30.7 30.4 32.4 31.6
15.4 15.3 15.2 16.2 15.8
14.6 15.5 14.9
15.4 15.3 15.2 16.2 15.8
14.6 15.5 14.9
40.1 44.4 43.2 43.3 41.9 46.3 46.1 44.1
382.9 400.4 394.5 394.0 393.3 400.3 413.8 407.5
448.7 493.1 467.4 471.6 485.3 503.1 512.5 521.2
Addenda:
Exports of agricultural products1
Exports of nonagricultural products ...
Imports of nonpetroleum products
35.5 40.0 38.1 38.7 37.6 42.2 41.6 39.3
357.0 377.6 369.2 369.4 370.4 378.2 392.4 387.8
414.8 463.8 435.7 441.3 456.8 473.9 483.0 497.6
26.5
28.0
26.8
29.1
28.3
1.Includes parts of line 2, 5, and line 13.
• 19
May 1993
SURVEY OF CURRENT BUSINESS
Table 5.1 .—Gross Saving and Investment
[Billions of dollars]
Seasonally adjusted at annual rates
Gross saving
Gross private saving
Personal saving
Undistributed corporate
profits with inventory
valuation and capital
consumption adjustments
Undistributed profits
Inventory valuation
adjustment
Capital consumption
adjustment
Corporate consumption of
fixed capital
Noncorporate consumption
of fixed capital
Wage accruals less
disbursements
Government surplus or
deficit (-), national
income and product
accounts
Federal
State and local
1993
1992
1991
1992
1991
708.:
686.3
698.2
677.5
682.9
696.9
687.9
736.5
901.5
199.6
968.8
212.6
934.8
219.4
950.1
214.6
968.1
232.3
992.1
203.3
965.0
200.4
999.0
219.0
75.8
64.2
104.3
82.1
78.3
63.4
104.0
86.2
97.7
86.1
91.2
71.1
124.1
85.0
125.2
93.6
3.1
-7.4
.7
-5.4
-15.5
-9.7
1.0
-9.3
8.4
29.5
14.1
23.3
27.0
29.7
38.1
40.8
383.0
394.8
386.3
386.1
391.2
407.2
394.7
399.8
243.1
258.6
250.7
245.3
247.0
290.4
251.8
261.1
0
0
-6.0
-6.0
0
-1.5
0
0
-193.3 -282.5 -236.6 -272.6 -285.2 -295.2 -277.2 -262.5
-210.4 -298.0 -258.7 -289.2 -302.9 -304.4 -295.5 -273.5
17.1
9.2
17.7
22.0
11.0
18.3
16.6
15.5
Capital grants received by
the United States (net)
0
Gross investment
Gross private domestic
investment
Net foreign investment
Statistical discrepancy
0
0
0
0
0
0
0
730.1
720.4
714.6
706.5
713.8
732.0
729.5
783.3
721.1
9.0
770.4
-49.9
736.1
-21.5
722.4
-16.0
773.2
-59.4
781.6
-49.6
804.3
-74.7
844.1
-60.8
21.9
34.1
16.4
29.0
30.9
35.1
41.7
46.8
Table 5.4.—Fixed Investment by Type
Table 5.5.—Fixed Investment by Type in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1991
1992
1992
1991
IV
Fixed investment.
Nonresidential
II
IV
731.3 766.0 726.9 738.2 765.1 766.6 794.0 805.1
Structures
Nonresidential buildings, including
farm
Utilities
Mining exploration, shafts, and
wells
Other structures
180.1 168.4 169.7 170.1 170.3 166.1 167.0 167.1
Producers' durable equipment
Information processing and related
equipment
Computers and peripheral
equipment1
Other
Industrial equipment
Transportation and related
equipment
Other
360.9 379.9 358.9 360.8 380.0 383.5 395.1 403.9
Residential
Structures
Single family
Multifamily
Other structures
Producers' durable equipment
127.4 111.7 116.8 115.8 114.4 108.1 108.5 108.8
28.6 31.0 29.0 30.5 30.7 31.1 31.7 33.1
13.9
11.8
13.5
10.3
13.4
11.8
13.6
13.3
14.9
11.9
13.5
11.7
123.6 135.6 127.4 129.9 131.4 139.3 142.0 144.0
34.2
89.4
81.3
40.0
95.6
80.8
36.1
91.2
79.6
37.6
92.3
78.3
39.6
91.7
79.0
41.4 41.6
97.9 100.4
80.8 85.1
47.7
96.3
86.0
85.1
71.0
91.8
71.7
82.6
69.3
82.3
70.4
98.3
71.3
91.2
72.2
95.3
72.8
98.0
76.0
190.3 217.7 198.2 207.2 214.8 217.0 231.9 234.1
183.7 210.7 191.7 200.3 207.9 209.9 224.7 226.9
95.4 117.9 104.8 111.7 115.1 117.4 127.2 131.8
15.1 12.9 13.8 12.9 14.2 12.8 11.6 10.2
73.1 80.0 73.0 75.8 78.6 79.7 85.9 84.9
6.6
7.0
1. Includes new computers and peripheral equipment only.
14.5
9.4
6.5
6.9
6.9
7.1
7.2
1992
7.2
1993
1992
1991
II
I
541.1 548.2 528.7 531.0 550.3 549.6 562.1 571.0
15.3
8.8
1991
1993
III
Fixed investment .
Nonresidential
Structures
Nonresidential buildings, including
farm
Utilities
Mining exploration, shafts, and
Other structures
Producers' durable equipment
Information processing and related
equipment
Computers and peripheral
equipment1
Other
Industrial equipment
Transportation and related
equipment
Other
Residential
Structures
Single family
Multifamily
Other structures
Producers' durable equipment
670.4 707.6 669.3 681.4 705.9 710.0 733.3 747.6
500.2 515.0 492.1 495.8 514.7 518.7 530.9 545.4
157.6 146.8 148.4 149.4 149.1 144.7 144.0 143.4
113.0
25.0
11.7
7.9
98.6 103.6 103.0 101.4
26.8 25.2 26.5 26.5
95.2
26.8
94.8
27.2
94.3
28.1
10.7
10.7
10.6
12.0
11.5
10.5
10.5
10.5
11.1
8.5
10.5
9.4
10.4
10.7
342.6 368.2 343.7 346.4 365.6 374.0 386.9 402.0
136.1 160.3 143.8 148.2 153.8 167.1 172.0 182.2
51.4
84.7
68.9
70.8
89.4'
67.2
57.6
86.2
67.0
61.5
86.8
65.7
67.9
85.9
65.9
75.5
91.6
66.5
78.5
93.5
70.6
92.9
89.3
71.5
75.0
62.5
78.8
61.9
72.3
60.6
71.2
61.2
84.1
61.8
78.2
62.1
81.9
62.5
83.2
65.1
170.2 192.6 177.3 185.6 191.2 191.3 202.3 202.2
163.9 185.9 171.0 179.0 184.6 184.6 195.4 195.3
85.5 104.5 93.9 100.6 102.9 103.7 110.9 113.7
13.6 11.5 12.4 11.6 12.7 11.3 10.2
8.9
64.8 69.9 64.7
69.0 69.6 74.4 72.7
6.4
6.7
1. Includes new computers and peripheral equipment only.
6.3
6.6
6.6
6.7
6.9
6.9
20 • May 1993
SURVEY OF CURRENT BUSINESS
Table 5.10.—Change in Business Inventories by Industry
Table 5.11.—Change in Business Inventories by Industry in Constant
Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1991
1992
1992
1991
1993
1991
1991
1992
1993
1992
III
Change in business inventories
-10.2
Farm
9.2 -15.8
4.4
-5.3
2.2
Nonfarm
Change in book value
Inventory valuation adjustment
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurat
-10.3
2.2
12.7
-2.4
8.1
15.0
10.3
39.0
1.7
5.3
4.1
2.3
14.5 -13.3
6.4
9.7
16.3 -5.6 28.8 22.9
-1.1 -7.8 -22.4 -13.2
-14.0
3.8 -10.5
-7.5 -7.8 -12.5 -10.1
-11.3 -12.6 -16.3 -15.1
3.8
3.9
5.0
4.8
6.2 36.7
4.6 51.0
1.6 -14.3
-7.7
-9.3
1.6
3.4 -16.7
-5.8 -20.0
9.3
3.3
-2.4
2.5
.9
-1.5
2.4
15.5 -6.7
9.4 -10.1
6.1
3.3
3.8
5.7
-1.9
-3.0
2.8
-5.8
9.6
3.4
6.3
1.5
-2.3
3.8
1.8
-1.4
3.1
-.8
-.1
-.7
17.4
10.5
7.0
-2.0
-1.1
-6.1
-9.5
3.4
-.7
_ -j
-4.2
1.3
-5.5
1.2
1.5
-.2
11.2
5.4
5.8
-1.6
-2.1
-.9
2.5
5.9
-3.4
1.3
-.2
1.5
-1.2
-3.6
2.4
2.7
1.3
1.5
12.9
11.1
6.1
5.0
1.1
11.0
7.7
1.8
5.9
3.3
13.3
10.2
2.4
7.8
3.0
27.6
21.0
17.3
3.7
6.6
-2.6
2.0
-4.5
-1.7
-.1
-.5
.4
7.4
2.4
5.0
-.4
-.6
Retail trade
Durable goods
Automotive
Other
Nondurable goods
2.2
-1.7
-1.4
-.4
3.9
9.3
9.1
3.9
5.2
14.3
1.8
13.4
.2
7.3
5.4
1.9
-7.1
Other
Durable goods
Nondurable goods
-5.9
-4.7
-1.1
-.2
-.5
.2
-2.8
-2.0
-.8
3.4
-1.4
4.8
-1.9
.2
j
Change in business inventories
-9.3
5.0
7.8
15.0
9.8
.3
2.4
-4.2
-1.9
1.8
5.3
4.2
3.0
-9.6
2.6
11.8 -10.7
6.0
9.6
5.6
33.8
-6.9 -6.5 -11.3 -8.7
-10.3 -10.9 -14.8 -13.5
3.5
3.4
4.5
4.8
-6.5
-8.0
1.5
3.9 -14.5
-4.4 -17.7
8.3
3.2
1.4
-1.3
2.7
Farm
Nonfarm
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
.9
-1.3
2.2
1.5
-1.2
2.7
-.6
-.1
-.5
Retail trade
Durable goods
Automotive
Other
Nondurable goods
1.7
-1.6
-1.3
Other
Durable goods
Nondurable goods
Table 5.12.—Inventories and Final Sales of Domestic Business
by Industry
[Billions of dollars]
1992
Inventories1
-4.9
2.1
-8.4
5.1
3.5 -3.1
-.7
1.1
— 5 -.2
-A
1.3
-3.5
1.5
-5.0
1.2
1.3
-.2
9.6
4.8
4.8
-1.6
-2.0
.4
-.6
-2.9
2.3
2.6
1.2
1.3
-1.8
-1.1
-.7
12.3
3^3
-5.3
-4.3
-1.0
-.2
-.4
.2
-2.6
-1.8
1.6
11.5
.5
6.5
4.8
1.7
-6.0
11.8
9.9
5.5
4.4
1.9
9.7
6.7
1.6
5.1
3.0
12.0
9.1
2.1
7.0
3.0
23.9
18.1
15.1
3.0
5.8
3.2
-1.3
4.4
-2.5
1.7
-4.2
-1.6
-1.7
.2
-.4
.6
6.5
2.0
4.5
Inventories1
1993
1992
975.2
977.1
83.8
84.3
85.6
86.7
87.4
Nonfarm
Durable goods
Nondurable goods ...
894.0
518.6
375.5
891.4
514.2
377.1
892.9
516.4
376.5
895.3
517.2
378.0
896.7
515.7
381.0
905.1
519.9
385.2
398.6
246.2
152.4
Manufacturing
Durable goods
Nondurable goods ...
370.7
239.0
131.7
368.5
235.6
132.9
366.9
233.6
133.3
367.9
232.5
135.4
364.2
228.1
136.2
364.6
227.8
136.8
240.4
153.2
87.2
243.0
154.1
88.9
Wholesale trade
Durable goods
Nondurable goods ...
207.9
133.1
74.8
206.5
130.9
75.7
207.3
132.1
75.2
206.8
132.8
73.9
208.7
133.5
75.2
209.2
133.1
76.1
211.6
135.3
76.3
27.1
16.7
10.4
214.5
137.1
77.4
184.0
118.1
184.7
118.8
66.0
23.9
118.1
66.6
24.5
9.2
182.4
117.6
64.8
24.3
15.2
9.1
184.8
65.9
23.9
15.0
8.9
182.8
116.0
66.8
23.7
14.9
8.8
183.3
117.3
16.1
9.8
215.7
137.4
78.3
27.3
16.7
10.6
14.7
9.2
15.0
9.6
263.3
128.6
67.4
61.1
134.7
267.0
130.7
67.6
63.0
136.3
271.2
134.8
69.3
65.5
136.3
281.4
142.1
74.7
67.4
139.3
229.0
111.8
59.2
52.5
117.3
229.2
113.4
60.4
53.0
115.8
232.1
115.9
61.8
54.1
116.2
234.5
117.6
62.2
55.3
117.0
237.5
119.8
62.7
57.1
243.5
124.3
66.5
57.8
119.2
94.7
94.8
95.3
94.8
98.1
86.3
87.1
86.5
86.1
86.1
404.8
412.8
415.0
420.2
428.3
430.1
343.0
347.4
347.2
349.8
354.8
353.5
221.2
226.1
226.7
228.8
234.7
234.2
193.5
197.2
196.9
198.4
203.1
201.1
2.85
2.61
2.81
2.57
2.81
2.57
2.80
2.56
2.77
2.53
2.81
2.56
4.62
4.52
4.54
4.51
4.42
4.50
96.6
Manufacturing
Durable goods
Nondurable goods ...
406.7
259.4
147.3
404.0
256.4
147.6
403.1
253.9
149.1
405.2
252.7
152.5
397.3
245.9
151.4
Wholesale trade
Durable goods
Nondurable goods ...
235.5
149.6
85.9
236.0
148.7
87.3
238.3
150.7
87.6
238.7
152.0
86.7
208.8
133.0
75.9
26.7
16.6
10.1
209.8
132.4
77.4
26.2
16.4
9.8
211.7
134.4
77.3
26.6
16.3
10.3
255.8
121.5
63.1
58.4
134.3
257.4
124.9
65.0
59.8
132.5
93.6
25.9
Ratio of inventories to final sales of domestic
business
Farm
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers .
Durable goods
Nondurable goods
Retail trade
Durable goods
Automotive
Other
Nondurable goods
Other
Final sales of domestic business2
Final sales of goods and structures of
domestic business2
66.1
24.0
14.8
983.3
117.7
992.5
87.8
Ratio of inventories to final sales of domestic
business
2.67
2.45
2.63
2.40
2.63
2.41
2.61
2.39
2.56
2.34
2.60
2.37
4.48
4.39
4.41
4.40
4.28
4.36
1. Inventories are as of the end of the quarter.
2. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product
less gross product of households and institutions and general government and includes a small amount of final
sales by farm.
15.2
84.3
93.3
999.4 1,006.1 1,003.7 1,021.2
572.0 573.7 572.6 583.3
427.5 432.4 431.1 437.9
Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods and
structures
1.9
-1.7
3.6
978.3
91.4
92.4
992.1
568.3
423.8
Final sales of domestic business2
Final sales of goods and structures of
domestic business2
8.0
2.8
5.2
1991
1,082.1 1,085.1 1,090.9 1,098.5 1,097.0 1,117.7
991.6
568.5
423.1
Other
-2.3
2.8
-5.1
Seasonally adjusted quarterly totals
Nonfarm
Durable goods
Nondurable goods ...
Retail trade
Durable goods
Automotive
Other
Nondurable goods
3.2
5.0
-1.8
8.5
8.0
3.5
4.5
.5
1993
93.0
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers .
Durable goods
Nondurable goods
-5.6
-9.0
3.4
Table 5.13.—Inventories and Final Sales of Domestic Business
by Industry in Constant Dollars
[Billions of 1987 dollars]
90.5
Farm
36.8
13.3
8.4
5.0
9.5
5.7
.1
0
-.4
.4
Seasonally adjusted quarterly totals
1991
7.5 -12.6
IV
Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods and
structures
1. Inventories are as of the end of the quarter. Quarter-to-quarter changes calculated from this table are at
quarterly rates, whereas the constant-dollar change in business inventories component of GDP is stated at annual
rates.
2. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product
less gross product of households and institutions and general government and includes a small amount of final
sales by farm.
May 1993 •
SURVEY OF CURRENT BUSINESS
Table 6.1 C—National Income Without Capital Consumption Adjustment
by Industry
21
Table 6.16C—Corporate Profits by Industry
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
199(1
1992
1991
IV
National income
without capital
consumption
adjustment
1992
I
II
1991
1993
III
IV
4,587.5 4,769.0 4,639.5 4,704.5 4,737.4 4,765.9 4,868.2 4,935.7
4,570.1 4,757.7 4,628.8 4,684.9 4,730.4 4,752.4 4,863.2 4,915.7
Private industries
3,870.6 4,029.3 3,923.7 3,967.0 4,004.1 4,021.7 4,124.5 4,165.4
90.9
36.7
2101
95.6
36.1
219 6
92.9
35.5
213 6
95.4
36.0
2144
94.8
34.9
218 9
88.3
35,5
2201
104.1
38.2
2251
Manufacturing
Durable goods
Nondurable goods
841.0
464.2
376.7
873.8
480.5
393.4
848.6
467.8
380.9
850.7
467.5
383.3
874.6
477.3
397.3
877.0
481.6
395.4
892.9
495.4
397.5
335.2
140.8
95.3
337.2
144.8
98.6
336.4
142.6
95.2
339.2
145.4
97.9
333.3
140 6
97.3
334.6
143 7
97.9
341.9
149.4
101.1
Wholesale trade
Retail trade
Finance, insurance, and
real estate
Services
Government
Rest of the world
IV
Corporate profits with inventory
valuation and capital
consumption adjustments
Agriculture, forestry, and
fisheries
Mining
Construction
..
99.0
93.9
98.6
95.9
95.4
93.0
91.3
266.0
403.3
272.9
418.3
265.8
409.9
264.9
413.6
270.2
416.1
273.1
413.3
283.4
430.0
17.4
728.4
11.3
705.0
10.8
717.8
19.6
726.2
7.0
730.7
13.5
738.7
5.0
1993
1992
I
II
III
IV
I
750.3
20.0
346.3 393.8 347.1 384.0 388.4 374.1 428.5 432.2
Domestic industries
279.8 329.8 284.2 315.3 327.4 309.0 367.4 356.3
Financial . . .
Nonfinancial
49.9 46.8 48.9 59.6 51.2 30.6 45.9 49.2
229.9 283.0 235.3 255.7 276.2 278.5 321.5 307.2
Rest of the world .
Receipts from the rest of the world ...
Less: Payments to the rest of the
world
Corporate profits with inventory
valuation adjustment
685.0 703.2 694.2 704.0 698.5 702.5 707.8
1,002.4 1,072.5 1,026.9 1,048.8 1,062.8 1,077.3 1,101.2
699.4
1991
I
Domestic industries
Transportation and public
utilities
Transportation
Communications
Electric, gas, and
sanitary services ....
1992
Domestic industries
Financial
Federal Reserve banks
Other
Nonfinancial
Manufacturing
Durable goods
Primary metal industries
Fabricated metal products
Industrial machinery and
equipment
Electronic and other electric
equipment
Motor vehicles and
equipment
Other
Nondurable goods
Food and kindred products ...
Chemicals and allied
products
Petroleum and coal products
Other
Transportation and public utilities ..
Wholesale and retail trade
Other
Rest of the world
66.5
62.5
64.0
66.4
62.9
59.1
68.7
67.1
61.0
67.1
65.1
68.4
61.1
63.1
75.9
79.7
-4.0
2.5
-3.8
-1.6
6.1
3.3
2.0
3.9
337.8 364.2 333.1 360.7 361.4 344.4 390.4 391.4
271.3
60.9
20.2
40.7
210.4
89.3
25.8
1 1
54
300.2 270.2 292.0 300.4 279.3 329.3 315.5
56.8 59.7 70.1 61.3 40.3 55.3 58.8
17.8 19.8 18.8 18.5 17.2 16.8 16.6
38.9 39.9 51.3 42.8 23.1 38.5 42.2
243.5 210.5 221.9 239.0 239.0 274.0 256.7
113.8 87.5 97.5 115.2 118.0 124.5
41.0 24.8 31.8 38.3 43.8 49.9
8
3
4
14
-6
1.1
67
7.1
78
7.8
61
60
8.9
9.4
9.2
8.6
9.5
9.3
10.0
6.6
9.3
6.8
7.2
6.4
10.4
13.3
-6 9
10.8
63.5
16.6
31
11.7
72.9
16.6
-49
4.5
6.2
7.4
9.0
62.7
14.6
65.7
15.2
76.9
19.5
1 9
14.0
74.2
17.1
44
16.1
74.7
14.4
161
7.7
23.1
46.1
44.0
31.1
66.5
181
9.4
28.7
44.4
47.7
37.5
64.0
201
5.1
22.9
45.6
44.5
32.9
62.9
17.8
8.2
24.5
49.4
39.9
35.1
68.7
17.1
11.1
29.2
42.2
46.7
35.0
61.0
175
10.1
29.4
40.6
43.7
36.7
65.1
201
8.3
31.8
45.4
60.7
43.3
61.1
1.8
75.9
22 • May 1993
SURVEY OF CURRENT BUSINESS
Table 7.1 .—Fixed-Weighted and Alternative Quantity and Price Indexes for Gross Domestic Product
[Index numbers, 1987=100]
Seasonally adjusted
1991
1992
1991
Seasonally adjusted
1993
1992
1991
1992
1992
1991
1993
III
Gross domestic product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ...
Benchmark-years weights....
Price indexes:
Fixed 1987 weights
Chain-type annual weights ...
Benchmark-years weights
Implicit price deflator
Personal consumption expenditures:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
Durable goods:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Nondurable goods:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Services:
Current dollars
.
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Gross private domestic investment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Fixed investment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
125.1 131.1 126.7 128.6 130.0
131.7
134.0 135.4
106.2 108.4 106.6 107.4 107.8 108.7 109.9 110.2
106.2 108.2 106.5 107.2 107.6 108.5 109.6 109.7
106.0 108.2 106.4 107.1 107.5 108.4 109.6 109.8
118.1
117.8
117.9
117.8
121.6
121.1
121.3
120.9
119.3
119.0
119.1
118.9
127.4 134.2 129.2
120.3
120.0
120.2
119.8
121.2
120.8
121.0
120.6
121.9
121.4
121.6
121.2
122.9
122.3
122.6
121.9
124.2
123.6
123.9
122.9
131.8 132.9 134.6 137.4 138.9
106.2 108.6 106.4 107.8 107.7 108.7 110.1 110.4
106.1 108.4 106.4 107.6 107.6 108.5 109.8 110.1
106.0 108.3 106.3 107.5 107.5 108.5 109.8 110.1
120.4
120.1
120.2
120.0
124.3
123.9
124.1
123.6
121.8
121.5
121.6
121.4
122.9
122.5
122.6
122.3
123.9
123.6
123.7
123.4
124.7
124.3
124.5
123.8
125.7
125.3
125.4
124.8
126.7
126.3
126.5
125.8
110.5 119.0 111.6, 116.3 116.6 119.5 123.6 124.0
102.7 108.8 103.1 107.1 106.5 108.9 112.5 112.7
102.1 107.8 102.3 106.2 105.6 108.0 111.4 111.3
102.1 108.0 102.4 106.3 105.8 108.1 111.6 111.7
108.9
108.3
108.2
107.6
111.4
110.5
110.6
109.4
109.8
109.1
109.1
108.3
123.8 127.7 123.8
110.3
109.5
109.6
108.6
111.3
110.4
110.5
109.4
126.0 126.4
111.8
110.8
111.0
109.7
112.2
111.2
111.3
109.8
112.7
111.6
111.8
110.0
127.9 130.4 130.7
103.1 104.3 102.4 103.8 103.4 104.0 105.8 105.1
103.0 104.1 102.3 103.7 103.3 103.9 105.5 104.9
102.9 104.1 102.2 103.6 103.2 103.8 105.5 104.9
120.5
120.2
120.3
120.1
123.0
122.7
122.8
122.4
121.3
121.0
121.1
120.8
121.8
121.6
121.6
121.4
122.7
122.4
122.5
122.2
123.5
123.2
123.2
122.9
133.8 142.0 136.9 139.2 141.0 142.5
124.0
123.7
123.8
123.3
125.1
124.7
124.9
124.3
145.2 147.6
108.9 111.2 109.8 110.4 110.7 111.6 112.1 113.1
108.8 111.1 109.7 110.2 110.6 111.4 112.0 112.9
108.8 111.0 109.6 110.2 110.6 111.4 112.0 112.9
123.1
122.9
123.0
122.8
128.2
127.9
128.0
127.7
125.1
124.8
124.9
124.7
126.6
126.3
126.4
126.1
96.2
102.8
98.2
96.4
88.2
87.5
87.6
95.1
93.2
93.9
90.3
89.3
89.5
89.3
87.7
88.2
127.7
127.5
127.5
127.4
128.7
128.4
128.5
127.7
130.0
129.6
129.7
129.5
131.2
130.9
131.0
130.5
103.2 104.3 107.3
112.7
99.2
97.0
97.8
104.7
101.7
102.8
95.2
93.6
94.1
96.8
94.6
95.4
10.1.2 105.9 100.5 102.1 105.8 106.0 109.8 111.4
92.7
91.8
92.0
97.9
95.7
96.5
92.6
91.2
91.6
94.2
92.6
93.2
97.6
95.7
96.4
110.8
110.2
110.0
109.1
111.8
110.9
110.8
108.2
111.0
110.3
110.1
108.6
111.1
110.4
110.2
108.3
111.5
110.7
110.5
108.4
98.2 101.4
95.8 98.9
96.7 99.9
112.1
111.1
111.0
108.0
112.6
111.4
111.4
108.3
103.4
100.1
101.5
113.3
112.0
112.0
107.7
Nonresidential:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Implicit price deflator
Structures:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Implicit price deflator
Producers' durable
equipment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Implicit price deflator
Residential:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Implicit price deflator
Exports of goods and services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Imports of goods and services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
IV
108.7 110.1 106.2 106.7 110.6 110.4 112.9 114.7
100.5
99.2
99.5
103.5
100.5
101.6
98.9
96.9
97.5
99.6
97.3
98.1
110.3
109.5
109.3
108.2
111.3
110.0
109.9
106.5
110.6
109.6
109.4
107.4
110.8
109.7
109.6
107.1
111.1
109.9
109.8
106.9
111.5
110.1
110.1
106.0
111.7
110.2
110.2
105.9
112.1
110.5
110.6
104.7
105.1
98.3
99.1
99.3
99.4
97.0
97.5
97.5
92.0
92.0
92.0
85.7
85.7
85.7
86.6
86.6
87.2
87.2
87.2
87.0
86.9
87.0
84.4
84.4
84.4
84.1
84.1
84.1
83.7
83.6
83.7
114.4
114.3
114.3
114.3
114.9
114.8
114.8
114.7
114.4
114.4
114.4
114.4
114.0
113.9
114.0
113.9
114.4
114.3
114.4
114.2
115.0
114.9
115.0
114.9
116.0
115.9
115.9
116.0
116.7
116.6
116.7
116.6
103.4 104.2 106.7 109.6
100.8 100.8 103.1 104.9
101.7 102.1 104.4 106.8
110.6 116.4 110.0 110.5 116.4 117.5 121.0 123.7
104.9 112.8 105.3 106.1 112.0
103.2 108.7 102.6 102.9 108.4
103.5 110.1 103.4 103.9 109.6
114.6 118.5 123.2
109.8 113.6 116.7
111.6 115.4 119.2
109.4
107.3
107.4
102.1
109.7
107.4
107.6
100.5
108.2
107.1
106.8
105.4
109.4
107.6
107.6
103.2
108.6
107.3
107.0
104.5
109.1
107.6
107.4
104.2
109.4
107.7
107.6
103.9
109.7
107.7
107.8
102.5
84.5
96.7
88.0
92.0
95.4
96.3
75.6
75.5
75.6
85.5
85.4
85.5
78.7
78.6
78.7
82.4
82.3
82.4
84.9
84.8
84.9
84.9
84.9
84.9
89.8
89.8
89.8
89.8
89.7
89.7
111.8
111.9
111.8
111.8
113.1
113.1
113.1
113.0
112.0
112.0
111.9
111.8
111.7
111.8
111.7
111.7
112.4
112.5
112.4
112.3
113.5
113.5
113.5
113.4
114.7
114.7
114.7
114.6
115.9
115.9
115.8
115.8
103.0 103.9
164.4 174.8 171.2 172.6 171.8 175.6 179.3 178.5
148.2 157.5
146.6 154.9
147.2 156.0
112.4
112.1
111.7
110.9
113.7
113.1
112.8
111.0
154.2 155.3 154.8 158.2 161.6 160.6
152.4 153.4 152.4 155.3 158.4 157.3
153.1 154.2 153.4 156.6 159.8 158.7
112.8
112.3
111.!
111.0
112.9
112.5
112.1
111.1
122.3 131.5 126.0 125.5
114.3
113.6
113.3
111.0
113.5
113.0
112.6
111.0
114.0
113.4
113.1
111.0
130.7
133.1 136.7
114.8
114.0
113.7
111.2
138.2
110.7 121.3 114.8 115.7 119.8 124.0 125.7 129.3
108.6 117.6 112.2 112.9 116.4 119.8 121.4 124.6
109.1 118.8 112.9 113.7 117.5 121.2 122.9 126.3
113.7
112.6
112.1
110.5
114.6
113.0
112.8
108.4
113.9
112.4
112.1
109.8
113.0
111.6
111.2
108.4
114.4
112.8
112.5
109.1
115.9
114.2
114.0
107.4
115.2
113.5
113.3
108.8
113.8
112.1
111.9
106.9
May 1993
SURVEY OF CURRENT BUSINESS
•
23
Table 7.1 .—Fixed-Weighted and Alternative Quantity and Price Indexes
for Gross Domestic Product—Continued
Table 7.2.—Fixed-Weighted and Alternative Quantity and Price Indexes
for Gross Domestic Product, Final Sales, and Purchases
[Index numbers, 1987=100]
[Index numbers, 1987=100]
Seasonally adjusted
Government purchases:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Implicit price deflator
Federal:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ,
Benchmark-years weights .,
Price indexes:
Fixed 1987 weights
Chain-type annual weights .
Benchmark-years weights ..
Implicit price deflator
National defense:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights .
Benchmark-years weights ..
Price indexes:
Fixed 1987 weights
Chain-type annual weights .
Benchmark-years weights ..
Implicit price deflator
Nondefense:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights .
Benchmark-years weights ..
Price indexes:
Fixed 1987 weights
Chain-type annual weights.
Benchmark-years weights ..
Implicit price deflator
State and local:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
1991
1992
123/
126.5 123/
1991
Seasonally adjusted
1992
1993
125.1 125.8 127.5 127.4 126.6
106.4 105.8 106.3 106.0 107.0 106.3 104.3
106.'
106.6 106.1 105.6 106.1 105.8 106.7 105.9 104.2
106.5 106.1 105.6 106.0 105.
106.7 105.9 104.1
116.5
116.1
116.2
115.9
119.8
119.2
119.4
118.9
116.2 116/
117.6
117.1
117.2
116.9
118.5
118.0
118.1
117.7
119.5
118.9
119.1
118.7
120.2
119.5
119.7
119.;
121.2
120.4
120.6
119.9
122.5
121.7
122.0
121.4
114.5 115.6 115.5 118.3 117.3 114.6
100.9
100.5
100.3
97.6
97
97.0
98.2
97.8
97.7
97.5
97.;
97.0
96.8
96.5
96.3
98.6
98.:
98.0
97.4
96.8
96.7
92.8
92.6
92.4
116.5
115.7
115.8
115.;
121.3
120.0
120.4
119.6
118.1
117.0
117.3
116.6
119.8
118.9
119.1
118.6
120.6
119.6
119.8
119.3
121.7
120.4
120.8
120.0
123.0
121.3
121.8
120.4
125.3
123.7
124.2
123.5
110.9 108.1 107.8 107.4 106.7 109.4 108.9 104.2
96.8
95.8
96.0
90.7
89.8
90.0
92.8
91.9
92.0
90.9
90.3
90.3
89.8
89.0
89.1
91.5
90.6
90.7
90.8
89.5
89.8
84.2
83.7
83.6
116.5
115.7
115.5
114.5
121.7
120.4
120.4
119.1
118.3
117.3
117.2
116.2
120.0
119.0
118.8
118.1
120.9
119.8
119.7
118.9
122.1
120.9
120.8
119.5
123.6
121.8
122.0
120.0
126.0
124.3
124.5
123.8
133.0 143.6 135.7 141.5 143.3 146.1 143.6 147.4
113.6 119.1 115.4 118.1 119.1 120.7 118.3 119.8
115.2 120.4 116.6 119.1 120.4 122.2 119.8 120.9
113.9 119.2 115.5 118.1 119.2 121.0 118.6 .119.9
116.6
115.5
116.8
117.1
120.2
119.0
120.3
120.6
117.3
116.3
117.5
117.6
119.4
118.5
119.6
119.8
119.8
118.8
120.0
120.3
120.4
119.1
120.5
121.0
121.1
119.7
121.1
121.4
123.4
122.1
123.4
123.0
Gross domestic product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights ..
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights ..
Implicit price deflator
Final sales of domestic product1:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Implicit price deflator
Gross domestic purchases2:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Implicit price deflator
Final sales to domestic purchasers3:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
1992
1992
1991
1993
125.1 131.1 126.7 128.6 130.0 131.7 134.0
135.4
106.2 108.4 106.6 107.4 107.8 108.7 109.9
106.2 108.2 106.5 107.2 107.6 108.5 109.6
106.0 108.2 106.4 107.1 107.5 108.4 109.6
110.2
109.7
109.8
122.9
122.3
122.6
121.9
124.2
123.6
123.9
122.9
126.0 131.7 127.3 129.7 130.6 132.1 134.5
135.3
118.1
117.8
117.9
117.8
121.6
121.1
121.3
120.9
119.3
119.0
119.1
118.9
120.3
120.0
120.;
119.8
121.;
120.8
121.0
120.6
121.9
121.4
121.6
121.2
107.0 109.0 107.0 108.3 108.2 109.0 110.4 110.0
106.9 108.7 106.9 108.1 108.0 108.7 110.0 109.6
106.8 108.7 106.8 108.0 108.0 108.7 110.0 109.6
118.2
117.8
1.18.0
117.8
121.6
121.2
121.4
120.9
119.4
119.0
119.2
118.9
120.4
120.0
120.2
119.8
121.3
120.9
121.0
120.7
121.9
121.5
121.6
121.2
123.0
122.4
122.6
121.9
124.2
123.6
123.9
123.0
121.7 127.7 123.2 124.9 126.8 128.4 130.7 132.4
103.4 106.0 103.8 104.5 105.4 106.5 107.6 108.3
103.3 105.6 103.6 104.3 105.1 106.1 107.1 107.6
103.2 105.7 103.5 104.3 105.1 106.1 107.2 107.8
118.1
117.8
117.9
117.7
121.4
121.t
121.2
120.5
119.3
118.9
119.0
118.7
120.1
119.8
119.9
119.5
121.1
120.7
120.8
120.3
121.8
121.4
121.6
120.6
122.7
122.2
122.4
121.5
123.8
123.3
123.5
122.2
122.6 128.3 123.7 125.9 127.4 128.8 131.3 132.3
104.2 106.5 104.2 105.4 105.8 106.8 108.0 108.2
104.0 106.1 104.0 105.1 105.5 106.3 107.4 107.5
104.0 106.1 103.9 105.1 105.5 106.4 107.6 107.7
118.1
117.8
117.9
117.7
121.5
121.1
121.2
120.5
119.3
119.0
119.1
118.7
120.2
119.9
119.9
119.5
121.1
120.8
120.9
120.3
121.9
121.5
121.6
120.7
122.8
122.3
122.5
121.5
123.8
123.4
123.5
122.3
129.5 134.1 130.8 132.5 133.8 134.7 135.3 135.9
1. Equals GDP less change in business inventories.
2. Equals GDP less net exports of goods and services or equals
expenditures, gross private domestic investment, and government purchases.
111.3 113.2 111.7 113.1 113.1 113.5 113.1 113.2
111.2 113.0 111.6 112.9 112.9 113.3 113.0 113.0
111.3 113.1 111.7 113.0 113.0 113.4 113.1 113.1
3. Equals gross domestic purchases less change in business inventories or equals the sum of personal
consumption expenditures, gross private domestic fixed investment, and government purchases.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
116.4
116.4
116.4
116.4
118.7
118.7
118.6
118.4
117.2
117.2
117.1
117.1
117.4
117.4
117.4
117.1
118.5
118.6
118.5
118.3
119.0
119.0
118.9
118.7
119.8
119.8
119.7
119.5
120.3
120.3
120.3
120.0
NOTE.—The quantity and price indexes in this table are calculated from weighted averages of the detailed
output and prices used to prepare each aggregate and component. The fixed-weighted measures use as weights
the composition of output in 1987. For the alternative indexes, the chain-type indexes with annual weights use
weights for the preceding and current years, and the indexes with benchmark-years weights use weights of 1959,
1963, 1967, 1972, 1977, 1982, and 1987 and the most recent year. Percent changes from preceding period for
selected items in this table are shown in table 8.1.
1991
the sum of personal
consumption
24 • May 1993
SURVEY OF CURRENT BUSINESS
Table 7.3.—Fixed-Weighted and Alternative Quantity and Price Indexes
for Gross National Product and Command-Basis Gross National
Product
Table 7.6.—Price Indexes for Fixed Investment by Type, Fixed
1987 Weights
[Index numbers, 1987=100]
[Index numbers, 1987=100]
Seasonally adjusted
Seasonally adjusted
1991
1992
1991
1991
1992
III
IV
125.3 131.2 126.8 128.9 130.0 131.9 133.9 135.7
106.4 108.5 106.7 107.6 107.8 108.8 109.9 110.5
106.4 108.3 106.6 107.5 107.7 108.6 109.6 110.0
106.3 108.3 106.5 107.4 107.6 108.6 109.6 110.1
118.1
117.8
117.9
117.8
Less: Exports of goods and services
and receipts of factor income:
Current dollars
Quantity index, fixed 1987 weights ...
Plus: Command-basis exports of
goods and services and receipts
of factor income:
Current dollars
Quantity index, fixed 1987 weights ...
Equals: Command-basis gross
national product:
Current dollars
Quantity index, fixed 1987 weights ...
121.5
121.1
121.3
120.9
119.3
119.0
119.1
118.9
120.3
120.0
120.1
119.8
121.2
120.8
121.0
120.6
121.8
121.4
121.6
121.2
122.8
122.3
122.6
121.8
124.1
123.6
123.8
122.9
158.1 163.1 161.2 162.3 161.3 163.7 165.2 167.4
140.8 144.7 143.3 143.9 143.1 145.2 146.6 147.9
164.4 174.8 171.2 172.6 171.8 175.6 179.3 178.5
141.3 147.8 144.6 147.1 145.3 149.5 149.2 153.4
125.3 131.2 126.8 128.9 130.0 131.9 133.9 135.7
106.5 108.9 106.8 107.9 108.0 109.3 110.2 111.0
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 7.4.—Price Indexes for Personal Consumption Expenditures
by Major Type of Product, Fixed 1987 Weights
[Index numbers, 1987=100]
Personal consumption
expenditures
Durable goods .
Motor vehicles and parts
Furniture and household equipment ,
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Other
108.9 111.4 109.8 110.3 111.3 111.8 112.2 112.7
108.8 112.0 109.9 110.0 111.6 112.8 113.6 114.2
103.0 103.9 102.9 103.8 104.1 103.8 104.1 103.8
120.5 124.2 122.8 123.5 124.5 124.7 124.3 126.1
120.5 123.0 121.3 121.8 122.7 123.5 124.0 125.1
122.1
117.9
123.3
117.2
128.8
120.6
116.6
122.1
121.3
125.7
121.3
117.6
120.0
114.2
127.0
121.7
118.0
122.8
115.8
128.5
122.3
117.7
125.3
120.1
129.5
123.0
118.4
125.1
118.7
130.2
123.9
120.0
126.7
117.7
131.3
123.1 128.2 125.1 126.6 127.7 128.7 130.0 131.2
120.2
109.8
108.8
110.6
121.9
132.8
123.7
124.1
112.7
111.1
114.1
128.1
140.4
128.5
121.7
110.8
110.1
111.3
124.3
135.6
125.6
123.0
111.4
109.6
113.0
127.3
137.6
126.9
123.7
112.2
110.4
113.7
126.4
139.6
128.4
124.3
113.1
111.5
114.5
127.2
141.2
129.1
125.4
114.1
112.9
115.2
131.5
143.0
129.6
126.6
114.3
112.4
115.9
135.1
144.7
130.4
Addenda:
Price indexes for personal
consumption expenditures:
Chain-type annual weights
Benchmark-years weights ..
120.1 123.9 121.5 122.5 123.6 124.3 125.3 126.3
120.2 124.1 121.6 122.6 123.7 124.5 125.4 126.5
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
IV
I
I
110.8 111.8 111.0 111.1 111.5 112.1 112.6 113.3
110.3 111.3 110.6 110.8 111.1 111.5 111.7 112.1
Nonresidential
Structures
Nonresidential buildings, including
farm
Utilities
Mining exploration, shafts, and
wells
Other structures
114.4 114.9 114.4 114.0 114.4 115.0 116.0 116.7
Producers' durable equipment
Information processing and related
equipment
Computers and peripheral
equipment1
Other
Industrial equipment
Transportation and related
equipment
Other
108.2 109.4 108.6 109.1 109.4 109.7 109.4 109.7
112.8 113.3 112.8 112.4 112.8 113.6 114.6 115.5
114.4 116.0 114.8 115.1 115.8 116.2 116.8 117.7
130.5 129.1 130.2 129.7 128.9 128.0 129.7 129.4
112.0 110.8 111.3 109.2 110.5 111.0 112.7 112.1
94.7
92.9
93.9
93.9
93.5
92.7
92.4
92.4
70.0 61.3 66.5 64.9 62.9 59.4 57.9 56.5
105.8 107.6 106.2 107.0 107.4 107.7 108.2 108.7
117.9 120.2 118.7 119.1 119.8 121.4 120.4 120.4
112.9 116.1 114.3 115.4 116.1 116.4 116.3 117.4
114.2 116.3 115.1 115.5 116.0 116.8 117.1 117.3
111.8 113.1 112.0 111.7 112.4 113.5 114.7 115.9
Residential
113.3
112.7
112.4
114.4
112.2
111.7
111.4
113.0
111.9
111.0
110.7
113.5
112.6 113.7 115.0 116.2
Structures
Single family
Multifamily
Other structures
112.0
111.7
111.4
112.8
Producers' durable equipment ...
104.2 104.9 103.6 104.4 105.0 105.2 104.9 104.5
Addenda:
Price indexes for fixed investment:
Chain-type annual weights
Benchmark-years weights
111.9 113.3 114.7 115.9
111.6 112.9 114.4 115.6
113.9 114.6 115.5 116.7
110.2 110.9 110.3 110.4 110.7 111.1 111.4 112.0
110.0 110.8 110.1 110.2 110.5 111.0 111.4 112.0
1. Includes new computers and peripheral equipment only.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
120.4 124.3 121.8 122.9 123.9 124.7 125.7 126.7
120.1
115.3
123.8
121.2
123.8
1993
1992
1991
IV
Fixed investment
Gross national product:
Current dollars
Quantity indexes:
Fixed 1987 weights ....
Chain-type annual weights
Benchmark-years weights..
Price indexes:
Fixed 1987 weights ....
Chain-type annual weights
Benchmark-years weights ..
Implicit price
1992
1993
Table 7.9.—Price Indexes for Exports and Imports of Goods
and Services and for Receipts and Payments of Factor Income,
Fixed 1987 Weights
[Index numbers, 1987=100]
Exports of goods and services
Merchandise1 ..
Durable
Nondurable ,
Services1
112.4 113.7 112.8 112.9 113.5 114.0 114.3 114.8
109.8
108.4
112.1
118.9
109.9
109.6
110.0
123.0
109.7
108.8
111.1
120.3
109.5
109.3
109.7
121.2
109.9
109.5
110.4
122.3
110.0
109.8
110.4
123.7
110.0
110.0
109.7
124.8
110.2
110.7
109.9
125.8
Receipts of factor income2
118.7 122.4 120.1 121.2 122.4 122.7 123.3 124.4
Imports of goods and services
113.7 114.6 113.9 113.0 114.4 115.9 115.2 113.8
Merchandise1
Durable
Nondurable
Services1
Payments of factor income3
Addenda:
Price indexes for exports of goods
and services:
Chain-type annual weights
Benchmark-years weights
Price indexes for imports of goods
and services:
Chain-type annual weights
Benchmark-years weights
111.2
111.4
110.8
125.0
111.9
112.7
110.3
126.9
111.3
111.7
110.6
125.4
110.1
111.7
106.6
126.1
111.4
112.2
110.0
127.6
113.1
113.5
112.5
128.7
113.0
113.5
112.1
125.0
111.5
113.8
108.3
124.4
119.6 123.5 121.0 122.2 123.4 123.8 124.5 125.6
112.1 113.1 112.3 112.5 113.0 113.4 113.6 114.0
111.7 112.8 111.9 112.1 112.6 113.1 113.3 113.7
112.6 113.0 112.4 111.6 112.8 114.2 113.5 112.1
112.1 112.8 112.1 111.2 112.5 114.0 113.3 111.9
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services.
2. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
3. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
NOTE.— Percent changes from preceding period for selected items in this table are shown in table 8.1.
May 1993
SURVEY OF CURRENT BUSINESS
•
Table 7.10.—Price Indexes for Exports and Imports of Merchandise
by End-Use Category, Fixed 1987 Weights
Table 7.11.—Price Indexes for Government Purchases by Type,
Fixed 1987 Weights
[Index numbers, 1987=100]
[Index numbers, 1987=100]
Seasonally adjusted
1991
1992
1991
1992
Seasonally adjusted
1993
1991
1992
1992
1991
1993
111
Exports of merchandise
Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Imports of merchandise
Foods, feeds, and beverages
Industrial supplies and materials, except
petroleum and products
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
109.8 109.9 109.7 109.5 109.9 110.0 110.0 110.2
114.8
111.4
115.2
109.7
105.4
117.8
69.4
113.7
110.5
113.8
111.7
115.7
112.5
112.5
112.5
114.4
108.9
117.9
104.9
105.8
120.9
60.4
116.3
112.6
118.1
116.8
119.3
113.1
113.2
113.2
117.6
108.8
114.5
106.3
105.9
119.3
65.9
115.1
111.3
114.2
111.5
116.7
112.7
112.7
112.7
116.9
107.1
114.7
103.6
106.0
120.;
64.4
115.6
111.9
117.7
117.4
117.9
112.6
112.6
112.6
116.5
108.5
116.9
104.7
105.8
120.4
62.1
115.9
112.4
117.9
116.3
119.3
113.0
113.0
113.0
112.5
110.3
119.
106.1
105.7
121.4
58.
116.8
112.7
118.0
116.1
119.6
113.4
113.4
113.4
111.6
109.8
120.3
105.1
105.7
121.9
56.8
117.0
113.4
118.8
117.4
120.1
113.7
113.7
113.7
113.1
109.9
124.0
103.6
105.6
122.0
55.4
117.3
113.6
119.6
117.9
121.2
113.7
113.8
113.8
111.2 111.9 111.3 110.1 111.4 113.1 113.0 111.5
108.4 108.0 108.7 111.6 107.0 106.6 106.8 105.4
115.3
115.4
115.3
105.2
107.1
117.7
71.7
114.2
112.5
114.0
114.0
114.1
112.8
112.8
112.8
114.7
116.5
112.8
100.5
106.2
121.0
64.0
114.6
115.6
117.0
116.3
117.9
113.8
113.9
113.9
113.2
113.8
112.6
104.9
106.9
119.3
68.1
114.7
113.7
114.6
114.7
114.5
112.7
112.7
112.7
114.0
115.1
112.9
88.7
106.1
120.2
66.4
113.9
114.8
115.0
113.7
116.6
112.9
112.9
112.9
114.8
117.4
112.0
101.6
105.0
120.3
64.7
112.8
114.9
116.5
116.3
116.7
113.1
113.1
113.1
115.3
117.6
112.8
107.7
107.0
121.4
63.1
115.8
115.9
117.9
117.4
118.5
114.5
114.5
114.5
114.8
115.9
113.7
104.2
106.8
121.8
61.7
115.8
116.8
118.7
117.7
119.9
115.0
115.0
115.0
115.2
118.5
111.8
95.4
105.8
122.0
60.3
114.7
116.4
117.7
117.8
117.5
114.1
114.1
114.1
Addenda:
Exports of agricultural products1
Exports of nonagricultural products ...
Imports of nonpetroleum products
1. Includes parts of line 2, 5, and line 13.
25
113.0 110.3 113.3 111.9 111.3 109.3 108.8 110.1
109.4 109.8 109.2 109.2 109.7 110.1 110.1 110.2
111.9 113.0 111.9 112.4 112.4 113.5 113.8 113.2
Government purchases.
Federal
IV
116.5 119.8 117.6 118.5 1-19.5 120.2 121.2 122.5
116.5 121.3 118.1 119.8 120.6 121.
121.7
114.0
115.9
125.8
132.3
133.1
130.6
116.5
118.6
118.3
112.6
120.;
121.1
125.0
125.2
124.6
115.5
116.0
122.1
113.8
119.9
126.4
132.8
133.7
130.:
117.3
119.5
123.0 125.3
123.6
116:
116.9
127.4
134.0
135.1
132.0
118.0
120.6
126.0
National defense
Durable goods
Nondurable goods
Services
Compensation of employees .
Military
Civilian
Other services
Structures
116.5
111.4
121.3
118.5
122.0
121.4
123.3
113.6
117.8
Nondefense
Durable goods
Nondurable goo
Commodity Credit Corporation
inventory change
Other nondurables
Services
Compensation of employees ....
Other services
Structures
116.6 120.2 117.3 119.4 119.8 120.4 121.1 123.4
106.5 102.1 105.5 102.9 103.5 103.6
93.5
State and local
Durable goods
Nondurable goods
Services
Compensation of employees
Other services
Structures
Addenda:
Price indexes for government
purchases:
Chain-type annual weights
Benchmark-years weights
Price indexes for Federal national
defense purchases:
Chain-type annual weights
Benchmark-years weights
Price indexes for Federal nondefense
purchases:
Chain-type annual weights
Benchmark-years weights
Price indexes for State and local
purchases:
Chain-type annual weights
Benchmark-years weignts
120.0
112.5
111.7
124.2
130.6
131.0
129.6
115.2
116.1
120.9
113.0
115.3
125.1
131.8
132.6
130.1
115.7
118.2
118.0
114.1
130.7
139.6
140.9
137.0
117.9
121.2
108.9
119.4
122.4
115.2
113.3
113.6
124.4
129.3
117.5
113.8
112.8
120.8
123.4
117.2
113.4
113.2
123.8
128.4
117.3
112.7
114.5
124.0
128.7
117.4
113.5
114.0
124.4
129.4
117.5
113.9
112.5
125.4
130.6
118.1
114.9
114.1
128.1
135.2
118.2
115.3
116.4
111.2
115.1
118.1
122.0
76.5
110.5
118.7
113.1
115.3
121.3
126.4
66.2
109.2
117.2
111.9
114.4
119.4
123.7
72.1
109.5
117.4
112.4
113.3
120.2
124.8
70.0
107.4
118.5
113.2
115.9
121.2
126.3
66.0
108.6
119.0
113.5
116.7
121.5
126.6
65.2
109.6
119.8
113.5
115.3
122.4
127.8
63.5
111.4
120.3
114.4
116.2
123.1
128.8
60.3
111.2
116.1 119.2 117.1 118.0 118.9 119.5 120.4 121.7
116.2 119.4 117.2 118.1 119.1 119.7 120.6 122.0
115.7 120.4 117.3 119.0 119.8 120.9 121.8 124.3
115.5 120.4 117.2 118.8 119.7 120.8 122.0 124.5
115.5 119.0 116.3 118.5 118.8 119.1 119.7 122.1
116.8 120.3 117.5 119.6 120.0 120.5 121.1 123.4
116.4 118.7 117.2 117.4 118.6 119.0 119.8 120.3
116.4 118.6 117.1 117.4 118.5 118.9 119.7 120.3
26 • May 1993
SURVEY OF CURRENT BUSINESS
Table 7.12.—Price Indexes for National Defense Purchases, Fixed
1987 Weights
Table 7.14.—Implicit Price Deflators for Gross Domestic Product
by Sector
[Index numbers, 1987=100]
[Index numbers, 1987=100]
Seasonally adjusted
1991
1992 1991
1992
Seasonally adjusted
1993
1991
1992
1992
1991
1993
III
National defense purchases .
Durable goods
116.5 121.7 118.3 120.0 120.9 122.1 123.6 126.0
111.4 114.0 112.6 112.5 113.0 113.8 116.7 118.0
Military equipment
Aircraft
Missiles
Ships
Vehicles
Electronic equipment..
Other
Other durable goods
111.9
113.8
101.4
117.2
115.0
107.2
115.5
107.1
Nondurable goods
114.8
119.2
98.5
119.0
121.0
109.1
117.0
105.6
113.2
116.6
99.2
118.5
118.9
107.8
115.3
105.7
113.1
116.3
99.1
118.3
119.3
108.0
115.1
106.1
113.7
117.0
98.5
118.6
119.5
109.6
117.3
105.8
114.6
118.5
98.8
119.3
121.1
109.4
117.3
105.4
117.8
125.2
97.7
119.8
124.0
109.5
118.3
105.2
119.2
126.7
100.4
120.5
125.5
109.6
118.3
105.4
121.3 115.9 120.2 111.7 115.3 119.9 116.9 114.1
Petroleum products
Ammunition
Other nondurable goods
132.7 119.5 130.2 107.5 117.0 129.7 123.7 110.7
109.6 109.1 108.6 108.3 109.6 110.7 108.0 114.2
120.1 118.8 120.6 119.7 119.2 118.2 118.1 118.2
118.5 125.8 121.1 124.2 125.1 126.4 127.4 130.7
Services
Compensation of employees .
Military
Civilian
Other services
Contractual research and
development
Installation support1
Weapons support2
Personnel support3
Transportation of material .
Travel of persons
Other
122.0
121.4
123.3
113.6
132.3
133.1
130.6
116.5
125.0
125.2
124.6
115.5
130.6
131.0
129.6
115.2
131.8
132.6
130.1
115.7
132.8
133.7
130.7
117.3
134.0
135.1
132.0
118.0
139.6
140.9
137.0
117.9
108.8
113.6
115.6
126.5
102.6
112.4
111.8
114.6
120.4
134.1
101.6
111.6
110.1
115.0
118.4
130.8
105.5
111.3
109.9
113.7
118.0
132.2
103.6
112.3
111.7
113.8
119.7
131.8
101.5
108.8
112.3
115.5
121.1
136.3
100.8
110.5
113.4
115.4
122.6
136.1
100.7
114.7
113.8
114.7
122.9
134.3
101.1
119.4
117.8 118.6 116.0 116.1 118.2 119.5 120.6 121.2
Structures
109.5 113.3 108.0 111.4 113.2 114.2 114.6 115.0
133.1 128.3 130.6 124.7 127.4 129.31 131.8 132.7
Military facilities
Other
Addenda:
Price indexes for national defense
purchases:
Chain-type annual weights
Benchmark-years weights
115.7 120.4 117.3 119.0 119.8 120.9 121.8 124.3
115.5 120.4 117.2 118.8 119.7 120.8 122.0 124.5
1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors to
operate installations.
2. Includes depot maintenance and contractual services for weapons systems, other than research and
development.
3. Includes compensation of foreign personnel, consulting, training, and education.
Table 7.13.—Implicit Price Deflators for the Relation of Gross
Domestic Product, Gross National Product, Net National Product,
and National Income
[Index numbers, 1987=100]
Gross domestic product
Plus: Receipts of factor income from
the rest of the world1
Less: Payments of factor income to the
rest of the world2
Equals: Gross national product
117.8 120.9 118.9 119.8 120.6 121.2 121.9 122.9
118.7 122.3 120.1 121.2 122.0 122.7 123.3 124.4
119.5 123.5 121.1 122.3 123.1 124.0 124.7 125.9
117.8 120.9 118.9 119.8 120.6 121.2 121.8 122.9
Less: Consumption of fixed capital
110.0 110.5 110.0 109.5 110.4 111.0 111.0 111.5
Equals: Net national product
118.8 122.3 120.1 121.2 122.0 122.6 123.3 124.4
Less: Indirect business tax and nontax
liability plus business transfer
payments less subsidies plus current
surplus of government enterprises ....
Statistical discrepancy
128.4 132.4 130.7 131.2 131.1 134.1 133.3 132.2
117.1 119.8 118.0 118.8 119.5 120.1 120.7 121.5
Equals: National income
117.8 121.3 119.0 120.2 121.1 121.5 122.3 123.6
Addenda:
Net domestic product
Domestic income
118.8 122.3 120.1 121.2 122.0 122.7 123.3 124.4
117.8 121.3 119.1 120.2 121.1 121.5 122.3 123.7
1. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
2. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
117.8 120.9 118.9 119.8 120.6 121.2 121.9 122.9
Gross domestic product
117.1 119.8 118.0 118.8 119.5 120.1 120.7 121.5
Business
117.1
116.8
119.8
114.0
117.1
Nonfarm
Nonfarm less housing
Housing
Farm
Statistical discrepancy
119.9
119.3
125.4
111.8
119.8
118.2
117.8
122.0
106.9
118.0
118.9
118.6
122.2
110.8
118.8
119.7
119.3
123.0
110.5
119.5
120.2
119.0
131.7
111.4
120.1
120.8
120.3
124.8
114.5
120.7
121.6
121.1
127.0
116.3
121.5
121.6 126.6 123.8 125.0 126.5 126.8 128.1 129.6
Households and institutions
Private households
IV
...
Nonprofit institutions
General government
Federal
State and local
Addendum:
Gross domestic business product
less housing
111.4 115.7 113.2 113.9 114.9 116.4 117.4 117.9
122.0 127.1 124.2J 125.4 127.0 127.2 128.6 130.0
121.9 127.8
123.9J
126.3 127.6 128.1 129.3 131.5
122.2 131.4 124.6 129.9 130.8 131.7 133.0 138.2
121.8 126.3 123.61 124.7 126.2 126.6 127.7 128.7
116.8
Table 7.15.—Current-Dollar Cost and Profit Per Unit of ConstantDollar Gross Domestic Product of Nonfinancial Corporate Business
[Dollars]
Current-dollar cost and profit
per unit of constant-dollar
gross domestic product1 ...
Consumption of fixed capital
Net domestic product
Indirect business tax and nontax
liability plus business transfer
payments less subsidies
Domestic income
Compensation of employees
Corporate profits with inventory
valuation and capital
consumption adjustments
Profits tax liability
Profits after tax with inventory
valuation and capital
consumption adjustments
Net interest
1.139 1.151 1.143 1.146 1.151 1.152 1.155 1.163
.126
.126
.126
.125
.126
.130
.124
.125
1.013 1.025 1.017 1.021 1.026 1.022 1.032 1.038
.115
.898
.759
.118
.907
.757
.117
.900
.761
.118
.903
.760
.117
.908
.759
.118
.903
.757
.119
.913
.753
.120
.918
.763
.085
.030
.102
.036
.086
.030
.093
.033
.100
.037
.100
.035
.113
.038
.109
.037
.055
.053
.066
.048
.056
.052
.060
.050
.064
.049
.065
.047
.075
.046
.071
.046
1. Equals the deflator for gross domestic product of nonfinancial corporate business with the decimal point
shifted two places to the left.
May 1993 •
SURVEY OF CURRENT BUSINESS
2J
Table 8.1 .—-Percent Change From Preceding Period in Selected Series
[Percent]
Seasonally adjusted at annual rates
1991
1992 1991
1992
1993
III
Gross domestic product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Personal consumption expenditures:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Durable goods:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Nondurable goods:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Gross private domestic investment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Fixed investment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Nonresidential:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights ..
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights ..
2.8
4.6
2.8
2.9
2.9
2.9
2.4
2,
2.4
-.6
-.6
-.6
2.3
2.;
2.2
5.2
7.1
4.4
2.6
2.8
1.5
1.5
3.4
3.2
3.3
4.3
4.5
.9
.5
.7
3,
3.5
2.9
2.8
2.8
2.2
1.9
2.
3,
3.1
3.;
4.2
4.2
4.2
3.5
5.2
8.6
4.2
3.7
3.5
3.6
5.1
4.7
4.9
1.2
1.0
1.1
4.4
4.3
4.4
3.
3.2
3.0
3.0
3.0
3.5
3.5
3.5
-3.9
4.7
4.9
3.2
3.
3.2
3.5
3.5
3.5
3.4
3.4
2.6
2.6
2.6
7.7
-2.3
18.0
1.0
10.5
14.5
1.2
-5.6
-5.9
-5.8
5.9
5.6
5.8
-3.1
-3.1
-3.1
16.5
16.1
16.4
-2.1
-2.2
-2.
9.1
14.0
13.3
13.6
.6
-.2
.2
2.5
2.1
2.;
2.3
2.0
2.2
1.0
1.8
1.6
1.7
3.6
3.3
3.5
1.8
1.5
1."
1.4
1.4
1.4
1.9
1.6
1.7
2.2
3.1
-1.2
7.5
1.1
4.9
-1.3
-1.4
-1.4
1.1
1.1
1.1
-3.5
-3.5
—3 5
5.5
5.4
5.5
-1.5
-1.6
-1.6
2.5
2.4
2.5
6.8
6.4
6.6
-2.4
-2.3
-2.3
3.6
3.6
3.6
2.1
2.1
2.1
2.5
2.4
2.4
U
2.0
1.9
2.9
2.8
2.8
2.5
2.4
2.5
1.9
1.7
1.8
3.5
3.4
3.5
6.3
6.1
6.5
7.0
5.3
4.3
7.7
6.8
1.1
1.0
1.0
2.1
2.1
2.1
2.3
2.3
2.4
2.2
2.1
2.1
1.2
1.5
1.4
3.1
3.0
3.0
2.1
2.0
2.1
3.4
3.2
3.3
5.3
5.3
5.3
4.1
4.1
4.1
4.1
4.1
4.1
4.9
4.8
4.9
3.7
3.7
3.7
2.9
2.8
2.9
4.1
4.1
4.1
3.8
3.9
3.8
1.8
-7.2
31.2
4.4
12.1
21.3
2.9
2.3
2.6
-4.6
-6.8
-5.8
29.5
29.6
29.6
6.5
4.3
5.4
10.4
10.5
10.4
24.1
20.7
22.4
-10.6
-11.1
-10.9
7.8
6.5
7.1
1.0
15.1
5.7
2.3
.1
1.2
13.8
13.7
13.7
8.0
5.0
6.5
2.2
1.5
1.9
1.8
1.3
1.5
2.4
1.9
2.1
-7.8
-3.1
15.4
-8.5
-9.1
-8.9
-1.2
-2.4
-1.9
15.2
14.3
14.7
1.7
1.5
1.5
-.4
-.5
-.4
1.6
1.0
1.3
-6.3
-7.0
15.4
-7.0
-7.8
-7.5
-5.2
-7.0
-6.1
16.1
15.0
15.5
3.1
-.1
1.5
11.4
7.2
9.3
1.2
.5
.9
1.5
.7
1.1
1.6
1.1
1.3
2.0
1.6
1.8
1992
1991
1992
1993
III
4.3
3.0
1991
IV
6.2
-1.
1.9
2.0
Seasonally adjusted at annual rates
6.5
Structures:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Producers' durable
equipment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
-10,
-6.5 -12.8
-12.0
-12.0
-12.0
-6.
-11.
-11.2
-6.9 -11.3
2.5
2.7
1.7
1.7
1.8
-1.7
-1.7
-1.7
-1.3
-1.4
-1.4
1.4
1.4
1.4
5.3
-4.2
2.1
23.0
-4.6
-5.6
-5.
7.5
5.3
6.3
-2.4
-4.9
-3.7
3.
1.
2.
24.1
23.2
23.7
9.5
5.2
7.4
14.5
14,
14.5
2.1
1.6
1.8
1.1
1.6
1.1
1.3
1.6
1.4
1.5
1.1
.1
.6
1.1
.1
.6
-.9
-1.3
-1.1
19.4
15.5
4.2
13.;
13.2
13.:
11.3
11.1
11.1
20.1
20.2
20.2
12.6
12.6
12.6
1.1
1.1
1.1
-2.0
-2.;
-2.1
-.8
-*6
2.5
2.4
2.5
3.9
3.8
3.8
4.4
4.;
4.3
7.4
6.4
14.4
3.4
-1.7
9.0
8.9
5.8
5.3
5.5
6.3
5.6
6.0
13.3
12.6
12.9
2.9
2.7
2.8
-1.4
-2.7
-2.1
9.2
8.1
8.6
8.9
8.2
8.6
2.1
2.0
2.0
1.1
g
to
2.
1.7
2.0
.6
.9
.7
2.0
1.6
1.8
1.7
1.4
1.6
1.0
.9
1.0
—9
7.5
6.1
-1.7
17.6
7.8
11.2
9.6
8.3
8.9
4.2
3.6
3.9
3.5
2.4
2.9
14.7
13.0
13.9
14.8
12.0
13.4
5.7
5.5
5.6
.4
.6
3.7
3.0
3.4
-3.0
-2.9
-2.9
4.9
4.4
4.6
5.6
5.2
5.4
-2.6
-2.3
-2.5
Residential:
Current dollars
-11/
Quantity indexes:
-12.6
Fixed 1987 weights
Chain-type annual weights .... -12.6
-12.6
Benchmark-years weights
Price indexes:
1.0
Fixed 1987 weights
1.0
Chain-type annual weights ....
Benchmark-years weights
1.0
Exports of goods and services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Imports of goods and services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Government purchases:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Federal:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
National defense:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights ..
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights ..
IV
-.1
-1.2
1.0
.3
.6
14.4
_ c
-9.5
2.2
-.8 -11.3
-1.0 -11.1
-1.0 -11.2
-1.9
-1.4
-1.6
2.1
2.1
2.1
3.
3.
3.
12.
30.4
25.1
25.1
25.1
4.5
2.2
-1.1
4.8
2.2
5.6
-.3
1.2
1.0
1.1
-.3
-.4
-4
-3.0
-3.0
-3.0
1.7
1.7
1.7
-1.2
-1.1
-1.2
3.8
3.6
3.7
-2.6
-2.9
-2.8
3.5
3.5
3.5
2.9
2.7
2.8
2.6
2.1
2.3
3.1
3.1
3.1
3.5
3.3
3.4
2.4
2.0
2.2
3.4
2.7
3.1
-5.6
3.9
-.2
9.7
-3.1
1.2
.9
1.0
-3.3
-3.3
-3.3
-9.0
-8.9
-9.0
-3.0
-2.6
-2.8
-2.7
-2.7
-2.7
7.5
7.0
7.2
-4.7
-5.7
-5.2
4.0
3.9
3.9
4.1
3.8
3.9
4.8
3.7
4.1
6.0
6.5
6.2
2.8
2.3
2.5
3.6
2.9
3.3
4.3
2.8
3.5
3.1
-2.5
-8.7
-1.4
-2.4
10.5
-1.7
-.2
-.6
-.4
-6.3 -13.0
-6.3 -12.6
-6.3 -12.8
-7.7
-6.9
-7.3
-5.2
-5.5
-5.3
8.3
7.2
7.7
6.2
4.7
5.3
5.6
6.1
5.8
3.2
2.6
2.9
4.1
3.6
3.9
4.9
3.8
3.7
3.7
4.5
4.1
4.2
-3.5 -25.9
-4.7 -23.6
-4.1 -24.8
4.9
3.2
4.1
28 • May 1993
SURVEY OF CURRENT BUSINESS
Table 8.1 .—Percent Change From Preceding Period in Selected
Series—Continued
Table 8.2.—Selected Per Capita Product and Income Series in
Current and Constant Dollars and Population of the United States
[Percent]
[Dollars]
Seasonally adjusted at annual rates
1991
1992
1992
1991
Seasonally adjusted at annual .rates
1993
1991
1992
IV
Nondefense:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights .
Benchmark-years weights ..
Price indexes:
Fixed 1987 weights
Chain-type annual weights .
Benchmark-years weights ..
State and local:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Addenda:
Final sales of domestic product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Gross domestic purchases:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Final sales to domestic purchasers:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Gross national product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Command-basis gross national
product:
Quantity index, fixed 1987 weights
Disposable personal income:
Current dollars
1987 dollars
I
II
1993
III
IV
I
Current dollars:
10.0
7.9
2.6
17.9
5.3
8.0
-6.6
10.9
5.2
5.2
5.1
4.8
4.5
4.7
2.3
1.0
1.6
9.7
8.8
9.2
3.3
4.4
3.9
5.5
6.4
6.0
-7.6
-7.8
-7.7
5.2
3.8
4.4
4.9
4.6
4.6
3.1
3.0
3.0
.5
1.2
.6
7.3
7.5
7.4
1.5
1.3
1.4
2.1
1.1
1.6
2.2
1.9
2.0
7.7
8.1
7.9
4.3
3.5
2.2
5.3
3.9
2.9
1.6
1.9
1.2
1.1
1.1
1.7
1.6
1.7
1.4
1.3
1.3
5.1
4.7
4.9
-.2
-.1
-.2
1.4
1.4
1.4
-1.1
-1.1
-1.1
.2
.1
.2
3.1
3.1
3.1
1.9
1.9
1.9
4.0
4.0
4.0
1.4
1.4
1.4
2.8
2.7
2.7
1.8
1.9
1.9
3.1
4.5
2.2
8.0
2.6
4.8
7.4
2.5
-.9
1.8
1.6
1.7
0
-.1
-.1
4.7
4.4
4.5
-.1
-.1
-.1
2.8
2.6
2.7
5.2
4.7
4.9
-1.2
-1.5
-1.3
4.0
4.0
4.0
2.9
2.8
2.9
2.4
2.3
2.4
3.4
3.5
3.4
2.9
2.8
2.8
2.2
1.9
2.0
3.4
3.1
3.2
4.2
4.2
4.2
1.9
4.9
2.0
5.6
6.4
5.2
7.4
5.1
-1.8
-1.8
-1.8
2.5
2.2
2.4
-.4
-.4
-.4
3.0
2.6
2.8
3.4
3.2
3.3
4.1
3.6
3.9
4.4
4.0
4.2
2.7
2.1
2.4
3.8
3.8
3.8
2.8
2.8
2.8
2.6
2.5
2.5
2.9
3.0
3.0
3.2
3.1
3.1
2.5
2.3
2.4
2.9
2.7
2.8
3.5
3.5
3.5
2.2
-1.4
-1.5
-1.5
4.7
2.2
2.0
2.1
1.4
7.4
4.7
4.7
7.7
3.2
-.9
-1.0
-1.0
4.7
4.3
4.5
1.7
1.6
1.6
3.5
3.1
3.3
4.8
4.4
4.6
.5
.1
.3
3.8
3.8
3.8
2.8
2.8
2.8
2.6
2.5
2.5
3.0
3.0
3.0
3.2
3.1
3.1
2.5
2.3
2.4
2.9
2.7
2.8
3.5
3.5
3.5
2.7
4.7
2.7
6.8
3.4
5.7
6.5
5.5
-1.2
-1.2
-1.2
2.0
1.8
1.9
.4
.3
.3
3.6
3.2
3.4
3.9
3.6
3.7
4.1
3.7
3.9
1.9
1.5
1.7
4.0
4.0
4.0
2.9
2.8
2.9
2.4
2.4
2.4
3.4
3.5
3.4
2.1
1.9
2.0
3.4
3.1
3.2
4.2
4.2
4.2
-1.0
2.2
4.7
3.4
3.0
4.1
-.2
5.3
2.2
2.0
.5
7.8
4.3
5.8
2.7
2.9
2.8
2.8
4.3
5.5
2.2
7.3
4.0
4.8
1.2
NOTE—Except for disposable personal income, the quantity and price indexes in this table are calculated from
weighted averages of the detailed output and prices used to prepare each aggregate and component. The fixedweighted measures use as weights the composition of output in 1987. For the alternative indexes, the chain-type
indexes with annual weights use weights for the preceding and current years, and the indexes with benchmarkyears weights use weights of 1959, 1963, 1967. 1972. 1977, 1982, and 1987 and the most recent year.
1992
1991
Gross domestic
product
product
Personal income .
Disposable
personal
income
Personal
expenditures ...
Durable goods
23,296
22,671
22,958
23,141
23,373
23,709
23,909
22,535
19,106
23,340
19,802
22,713
19.337
23,035
19,578
23,169
19,717
23,426
19,790
23,729
20,119
23,987
20,369
16,658
17,346
16,885
17,143
17,297
17,332
17,610
17,817
15,384
1,765
16,035
1,881
15,537
1,775
15,814
1,845
15,907
1,845
16,063
1,887
16,353
1,946
16,484
1,947
4,952
8,666
5,053
9,101
4,931
8,831
5,008
8,960
5,009
9,053
5,054
9,122
5,140
9,267
5,140
9,397
19,077
19,272
19,066
19,159
19,182
19,288
19,456
19,454
19,138
19,311
19,104
19,225
19,208
19,335
19,476
19,521
13,886
14,035
13,913
14,017
14,021
13,998
14,105
14,165
12,824
1,641
12,974
1,719
12,803
1,639
12,930
1,700
12,893
1,686
12,973
1,719
13,098
1,771
13,105
1,770
4,125
7,058
4,127
7,128
4,081
7,082
4,126
7,104
4,099
7,108
4,113
7,141
4,169
7,158
4,134
7,201
22,466
Mnnrliirahlo
goods
Services
Constant (1987)
dollars:
Gross domestic
product
product
Disposable
personal
income
Personal
expenditures ...
Durable goods
Nondurable
goods
Services
Population (midperiod,
thousands)
252,711 255,435 253,776 254,388 255,054 255,786 256,513 257,140
May 1993
SURVEY OF CURRENT BUSINESS
Table 8.3.—Auto Output
Table 8.4.—Auto Output in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
1992
1991
1992
119.7 130.8 120.8
115.3 123.8 117.5
79.5
85.4 82.7
35.8
38.5
34.8
35.7
36.6
36.9
59.8 61.7 58.1
-23.3 -24.8 -22.4
-33.9 -31.5 -33.8
11.7 14.6 11.7
45.5
45.6 46.1
1.7
1.5
1.3
Change in business inventories of
new and used autos
New
Used
Addenda:
Domestic output of new autos1
Sales of imported new autos2
1991
1993
119.7 132.8 122.3 125.1 135.0 135.0
Auto output
Final sales
Personal consumption expenditures .
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
Net exports
Exports
Imports
Government purchases
136.0
129.9
130.3 129.3 133.6
124.4 122.0 121.4 127.7
87.6
83.1 82.3 88.6
36.7
39.1 39.1
38.9
36.2 36.7
36.0
38.7
61.8 62.4
57.6
65.2
-21.6 -26.5 -25.6 -25.7
-32.0 -32.0 -29.9 -32.1
12.4 13.4
16.5
16.1
44.4 45.4
46.4
48.2
1.6
1.7
1.3
1.5
29
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1991
•
139.9
129.0
128.4
86.8
41.6
33.5
58.2
-24.7
-34.5
14.7
49.3
1.5
1992
109.3 117.1
Auto output
Final sales
Personal consumption expenditures .
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
Net exports
Exports
Imports
Government purchases
1992
1991
1993
109.4 111.2 121.4 118.6 117.3 118.7
109.2
107.6
72.6
35.0
32.4
54.7
-22.3
-32.2
115.5 109.1 117.7
111.7 108.3 115.0
75.0 79.2
76.1
35.5
33.3 35.8
32.2
31.4
31.2
55.0
52.7
52.0
-22.8 -21.3 -20.8
-29.7 -31.7 -29.7
13.0 10.6 11.2
10.6
42.7 42.3 40.8
42.8
1.3
1.2
1.3
1.5
115.6 112.7 116.2 111.7
110.8 108.4 112.6 112.5
74.3
73.0
78.2
76.3
36.6
35.4
34.4
36.2
33.5
31.7
32.5
29.7
58.3
54.8
55.1
51.2
-24.8 -23.1 -22.6 -21.5
-30.2 -28.8 -30.0 -31.7
11.9 14.6
14.3 13.0
42.1 43.4
44.3 44.7
1.4
1.2
1.1
1.3
Change in business inventories of
2.0
1.4
.7!
1.5
.7
94.7 104.5
56.2 58.6!
98.0
54.5
-4.8
-3.1
-1.7
4.7
2.9
1.8
5.8
4.7
1.0
98.5 104.8 105.5
56.8 61.1 57.9
2.5
.9
1.5
10.9
11.3
-.4
109.0 114.9
58.8 55.3
new and used autos
New
Used
.1
-.5
.6
Addenda:
Domestic output of new autos1
Sales of imported new autos2 .
86.4
51.4
1.6
1.0
92.9
52.3
.3
-.7
1.1
88.0
49.4
-6.6
5.8
-4.9
-1.7
4.1
1.7
87.1
51.3
94.8
54.6
6.0
5.1
.9
94.4
51.4
1.1
-.2
1.3
95.6
51.9
6.9
7.3
98.9
48.6
1. Consists of final sales and change in business inventories of new autos assembled in the United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and government purchases.
1. Consists of final sales and change in business inventories of new autos assembled in the United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and government purchases.
Table 8.5.-Truck Output
Table 8.6.—Truck Output in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Truck output1
60.4
72.0
64.1
68.1
70.2
69.2
80.7
84.5
61.7
32.0
27.7
-3.3
71.0
37.3
32.3
-4.4
62.5
33.8
29.8
-4.8
62.0
33.0
29.7
-5.7
72.4
37.0
31.9
-3.7
70.1
38.0
32.1
-4.2
79.3
41.3
35.6
-3.9
4.8
8.2
5.4
4.8
9.2
5.7
4.7
9.4
3.6
4.0
9.7
4.9
5.3
4.6
5.3
9.0
4.9
7.2
8.8
4.3
9.2
6.3
76.6
40.6
37.4
-5.4
4.4
9.8
4.1
9.7
Change in business inventories
-1.3
1.1
1.7
6.1
-2.3
-.9
1.4
83.9
72.9
78.0
81.7
81.2
94.9 100.9
Final sales
Personal consumption expenditures
Producers' durable equipment
Net exports
Exports
Imports
Government purchases
69.4
36.2
30.9
-3.8
82.7
43.6
37.7
-5.1
71.1
38.6
33.8
-5.4
71.1
37.9
34.0
-6.5
84.4
43.2
37.1
-4.3
82.3
44.6
37.6
-5.0
93.2
48.6
41.9
-4.6
5.4
9.2
6.0
5.6
5.3
4.6
6.2
5.3
6.2
10.7
11.1
10.5
10.3
10.8
6.6
10.7
4.1
91.3
48.1
44.7
-6.4
5.2
11.6
5.6
8.4
5.0
7.4
Change in business inventories
-1.5
1.2
1.8
6.9
-2.7
-1.1
1.7
1. Includes new trucks only.
Truck output1
Final sales
Personal consumption expenditures ..
Producers' durable equipment
Net exports
Exports
Imports
Government purchases
67.9
1. Includes new trucks only.
30 • May 1993
SURVEY OF CURRENT BUSINESS
NIPA Charts
REAL GDP AND ITS COMPONENTS: TRENDS AND CYCLES
Dec. Nov.
P
T
Nov.
Mar.
P
T
Billion 1987$; season
3,000
2,000
1,800
1,600
1,400
1,200
ionex|enditures-Sei/ices
e domestic investment
Change ii business ii ventories
Net tee Is of good
Govemm ent purcha ses—
11
1
, 1111
111
1
11111
,111
111
1
111 i i i
1
1111
H
I
111 >
1 111
1 111
1965 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87
11111
111
89
1 1 <
11111
90 91
1 111
92 1993
May 1993
SURVEY OF CURRENT BUSINESS
SELECTED SERIES: RECENT QUARTERS
Percent change
10
Percent change
10
1990
1991
1992
1990
1991
1992
1993
1990
1991
1992
1993
1993
1990
1991
1992
1993
1993
Percent change
10
1993
Billion $
500
400
300
1990
1991
1992
Percent change
10
REAL DISPOSABLE PERSONAL INCOME '
I.
1
1.
1
ll. It
-5
-10
1990
1991
1992
f. Percent change at annual rate from preceding quarter: based on seasonally adjusted estimates.
2. Seasonally adjusted annual rate: IVA is inventory valuation adjustment and CCAdj is capital consumption adjustment
3. Personal saving as percentage of disposable personal income; based on seasonaBy adjusted estimates.
U.S. Department of Commerce, Bureau of Economic Analysts
• 3-1
32 • May 1993
SURVEY OF CURRENT BUSINESS
Reconciliation and Other Special Tables
Table 1.—Reconciliation of Changes in BEA-Derived Compensation Per Hour with BLS Average Hourly Earnings
[Percent change from preceding period]
Seasonally adjusted at annual
rates
1990
BEA-derived compensation per hour of all persons in the nonfarm business sector (less housing) .
Plus: Contribution of wages and salaries per hour of persons in housing and in nonprofit institutions
1992
1993
1992
5.4
5.1
3.6
2.4
4.3
4.5
3.4
.1
.4
.2
.3
-.2
.1
-.2
.2
-.3
-.1
.1
-.1
Less: Contribution of supplements to wages and salaries per hour
Less: Contribution of wages and salaries per hour of persons in government enterprises, unpaid family
workers, and self-employed
1991
0
0
0
.1
.1
-.1
-.2
.4
.3
Equals: BEA-derived wages and salaries per hour of all employees in the private nonfarm sector ...
5.2
4.6
3.5
2.5
3.8
4.0
3.8
Less: Contribution of wages and salaries per hour of nonproduction workers in manufacturing
-.1
-.1
-.2
0
-.2
-.6
-.3
Less: Other differences1
1.8
1.8
.7
1.3
2.3
1.2
3.5
2.9
1.8
2.7
2.3
2.9
5.4
5.1
2.4
4.2
4.5
3.3
1.3
Equals: BLS average hourly earnings of production or nonsupervisory workers on private nonfarm
Addendum:
BLS estimates of compensation per hour in the nonfarm business sector 2 .
r
Revised.
p Preliminary.
1. Includes BEA use of non-BLS data and differences in detailed weighting. Annual estimates
also include differences in BEA and BLS benchmarking procedures; quarterly estimates also in-
2.5
3.7
elude differences in seasonal adjustment procedures.
2. These estimates differ from the BEA-derived estimates (first line) because the BLS estimates
include compensation and hours of tenant-occupied housing,
BLS Bureau of Labor Statistics
SURVEY OF CURRENT BUSINESS
May 1993
33
Gross Product by Industry, 1977-90
By Robert P. Parker
y HIS ARTICLE presents revised current- and
JL constant-dollar estimates of gross product
originating (GPO) by industry for 1977-89 and
new estimates for 1990. These estimates update
and extend the GPO estimates for 1977-89 that
were published in the January and April 1991
issues of the SURVEY OF CURRENT BUSINESS.1
The revised and extended estimates (shown in
tables 9-12 at the end of the article) incorporate the most recent comprehensive and annual
revisions of the national income and product accounts (NIPA'S), newly available information on
the composition of inputs from the most recent
input-output (1-0) tables, an updated and expanded employment matrix that converts NIPA
corporate profits and capital consumption al1. See "Gross Product by Industry, 1977-88: A Progress Report on Improving the Estimates," SURVEY OF CURRENT BUSINESS 71 (January 1991):
23-37 and "Gross National Product by Industry, 1987-89," SURVEY 71 (April
1991): 25-27.
lowances from a company-industry basis to an
establishment-industry basis, and newly available
source data for gross output. In addition, one
of BEA'S alternative measures of real output—
the benchmark-years-weighted index—is used to
measure real manufacturing GPO and total real
gross domestic product (GDP) for 1977-87.
The next step in BEA'S work to improve the
GPO estimates will be the release this fall of the
following: Revised estimates for 1988-90 and
new estimates for 1991 that, for 1988 and 1989,
will primarily reflect the incorporation of recently revised data from several annual Census
Bureau surveys and, for 1990 and 1991, will incorporate the results of the forthcoming annual
NIPA revision and other newly available source
data for gross output and prices of intermediate inputs; benchmark-years-weighted measures
of manufacturing GPO for the years 1978-86; and
revised current-dollar GPO for all industries for
Gross Product Originating: Definition and Relationship to Gross Domestic Product
Gross product, or gross product originating (GPO), by industry is
the contribution of each industry—including government—to gross
domestic product (GDP). An industry's GPO, often referred to as its
"value added," is equal to its gross output (sales or receipts and
other operating income, plus inventory change) minus its intermediate inputs (consumption of goods and services purchased from
other industries or imported).
In concept, GDP measured as the sum of GPO in all industries
is the same as GDP measured in two other ways: (1) As the sum
of expenditures (consumer spending, investment, net exports, and
government purchases) and (2) as the sum of costs incurred (compensation of employees, net interest, indirect business taxes, etc.)
and profits earned in production. In practice, BEA implements only
the latter two ways, using less than perfectly consistent source data,
so the resulting totals are not the same.
The current-dollar estimate of GDP is defined as the sum of the
expenditure components; gross domestic income is defined as the
sum of costs incurred and profits earned. The difference between
1. Gross domestic income, which is GDP less the statistical discrepancy, is not shown
in the NIPA tables, but gross national income, which is GNP less the statistical discrepancy, is shown in NIPA table 1.9. Gross domestic income is omitted because national
measures of income, which refer to the income available to U.S. residents as a result of
their contribution to production, are generally more appropriate for analysis relating to
sources and uses of income. Gross domestic income differs from gross national income,
as GDP differs from GNP, by the exclusion of net receipts of factor income from the rest
of the world.
GDP and gross domestic income is the statistical discrepancy. The
current-dollar GPO estimates are measured as the sum of distributions by industry of the components of gross domestic income.
Thus, the sum of the current-dollar GPO estimates also differs from
current-dollar GDP by the statistical discrepancy.
The constant-dollar estimate of GDP is also measured as the sum
of the expenditure components. Constant-dollar estimates of gross
domestic income are not prepared, however, because price indexes
for deflation cannot be associated with income measures as they
can be with the goods and services that make up the expenditure
measures. Constant-dollar GPO estimates for most industries are
measured using estimates of gross output and intermediate inputs.
The sum of the constant-dollar GPO estimates differs from
constant-dollar GDP by the constant-dollar statistical discrepancy
plus an additional discrepancy, termed the "residual." The residual appears in the constant-dollar GPO estimates because of BEA'S
judgment that the constant-dollar expenditure components used to
measure GDP are more accurate than the constant-dollar GPO estimates. The amount of detailed expenditures data that are available
for weighting price indexes is greater than that for gross outputs
and intermediate inputs, and little information is collected annually
on the composition of inputs or of nonmanufacturing outputs. For
some industries, no source data are available to measure gross output, and the resulting GPO estimates are prepared using less reliable
methodologies.
• May
SURVEY OF CURRENT BUSINESS
1947-76 that will incorporate the most recent
comprehensive NIPA revision.
The first section of this article discusses
changes in the industrial distribution of GDP for
1977-90. The second section reviews the revisions
in the GPO estimates, and the third section discusses the major sources of these revisions. The
final section describes the methodology used to
prepare the GPO estimates.
Changes in the Industrial
Distribution of GDP
Constant-dollar GPO estimates can be used to
gauge the performance over time of the various industries in terms of their relative growth
rates. Comparisons of an industry's growth
rate with the growth in real GDP also indicate
whether the industry's share of the total economy is becoming larger or smaller, thus providing
the same answer as comparisons of changes in
constant-dollar shares. Current-dollar shares can
be used to measure the relative size of the various
industries at a given point in time.
In this article, the benchmark-years-weighted
measure is used for calculating changes in real
GDP and in real GPO of. manufacturing industries
for 1977-87. Changes in nonmanufacturing industries for 1977-87 and in GDP and GPO for all
industries for 1987-90 are calculated using fixedTable 1.—Real Gross Domestic Product by Industry
Group: Average Annual Rates of Change, Selected
Periods1
[Percent]
197790
197782
197787
198290
1987-weighted measures. For GDP and for manufacturing GPO, changes for 1977-90 are calculated
using the combination of the two measures. As
stated in the April 1992 SURVEY, the use of fixed
price weights does not adequately portray the
course of real output over long periods of time,
because of changes in the relative price structure of the economy. For 1977-87, there were
substantial changes that were traceable largely to
the declining prices of computers and peripheral
equipment, which mainly affects manufacturing
GPO. (For more information, see the box on page
36.)
GPO growth rates
Constant-dollar GDP increased at an average annual rate of 2.7 percent for 1977-90 (chart 1
and table 1). All of the major industry groups
recorded increases; the increases ranged from 5.1
percent for wholesale trade to 0.4 percent for
mining. Manufacturing increased 2.3 percent,
about one-half percentage point less than the
increase in GDP.
Growth rates for 1977-90 for the more detailed
industry groups are shown in table 11. For all but
seven of the detailed industries, the data for 1977
and 1990 are comparable. For the industries for
which the data are comparable, nine industries
recorded average annual increases of 5 percent or
CHART 1
Real GDP by Industry Group:
Average Annual Change for 1977-90
Percent Change
Gross domestic product .
2.7
1.7
2.9
3.4
Agriculture, forestry, and fisheries ..
3.1
2.8
3.3
3.2
Mining
.4
-2.6
-.1
2.3
Agriculture, Forestry
and Fisheries
Construction
.7
-2.9
1.1
3.0
Mining
2.3
2.6
2.0
.2
-.3
1.0
2.5
2.7
2.3
3.6
4.4
2.6
Construction
2.9
2.1
5.7
1.2
4.1
4.2
4.2
3.8
Transportation and
Public Utilities
Wholesale Trade
5.9
5.0
3.3
4.5
Retail Trade
Finance, Insurance,
and Real Estate
3.1
2.6
3.8
4.2
1.4
1.7
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Transportation
Communications
Electric, gas, and sanitary services .
Wholesale trade
Retail trade
Finance, insurance, and real estate .
Services
Government
:
2.9
2.5
5.1
1.7
1.1
-.3
6.6
-1.5
5.1
5.1
3.2
1.2
2.9
3.5
3.8
3.1
1.6
1.3
1. For 1977-67. changes in GDP and in manufacturing gross product originating are
calculated using benchmark-years-weighted measures. Changes for those periods for all other
industry groups are calculated using fixed 1987 weighted measures. For 1967-90. changes in
GOP and in all industry groups are calculated using the fixed 1987 weighted measure. For
1977-90. changes in GDP and manufacturing are calculated using the combination of the two
measures. The indexes are shown in table 11. See the box on page 36 for additional
information.
0
1
2
3
4
5
6
Manufacturing
Services
Government
NOTE—For al industries except manufacturing, the change is calculated using
feed-weighted (1987) quantity indexes. For manufacturing and (or GDP » » change for
1977-67 is calculated using benchmark-yeas-weighted quantity indexes, and he
change for 1987-9Ois calculated using fixed weighted (1&7) quality indexes. See
footnote 1 to t a U e t
U.S. Departnent of Commerce. 8ureau of Economic Analysis
SURVEY OF CURRENT BUSINESS
more. The two fastest growing industries were
metal mining, which increased 10.2 percent, and
security and commodity brokers, which increased
9.1 percent. The other fast-growing industries
comprised the following: Wholesale trade (which
is considered both a major industry group and a
detailed industry); three industries in transportation and public utilities; one industry in finance,
insurance, and real estate (FIRE); one industry in
services; and one industry in manufacturing.2
Nine industries recorded decreases. The four
largest were in manufacturing: Tobacco manufactures was down 3.9 percent; primary metals
industries, down 2.7 percent; motor vehicles and
equipment, down 2.6 percent; and leather and
leather products, down 2.4 percent. Of the
remaining five decreases, three were in transportation and public utilities, and one each was
in mining and in services.
For seven industries, changes in the Standard
Industrial Classification (sic) created significantly
different industry definitions for 1977 and 1990.
Grouping them to eliminate this noncomparabil2. The industry in manufacturing
was the industrial
May 1993
ity yields two more industries (a combination of
electric and other electronic equipment and of
instruments and related products and a combination of business services, miscellaneous professional services, and "other services") with average
Acknowledgments
The gross product by industry program is under the
guidance of Robert P. Parker, Associate Director for
National Economic Accounts, who also supervised the
preparation of the industry estimates. The preparation
of the estimates involved the following staff: Clark D.
Allen, Felicia V. Candela, Michael D. Glenn, Craig A.
Hargenrader, Vesta C. Jones, M. Greg Key, Sherlene
K.S. Lum, Donna E. McComber, Joyce M. Northwood, Brooks B. Robinson, Timothy F. Slaper, John
Sporing, and Robert A. Sylvester. Marilyn E. Baker, A.
Vanessa Clark, and Getty B. Mumford provided support services. Members of the staff of the Interindustry
Economics Division provided special tabulations from
the input-output tables and contributed to the development of the estimates. Allan H. Young, Chief
Statistician, wrote the box on the use of the benchmarkyears-weighted measures. Michael F. Mohr, formerly
Chief of the GNP by Industry Branch of the National Income and Wealth Division, supervised the early stages
of the program.
machinery and
equipment industry; the 1977-90 change for that industry was computed
using the 1977 value for the 1972 Standard Industrial Classification (sic) "machinery, except electrical" industry, which is roughly comparable in definition
to the 1987 sic industrial machinery and equipment industry.
Table 2.—Gross Domestic Product by Industry Group as a Percentage of Gross Domestic Product, Selected Years
[Percent]
Current dollars
1977
1982
Constant dollars
1987
1
1990
1977
1982x
19872
19903
Gross domestic product
100.0
100.0
100.0
100.0
100.0
100.0
100.0
Agriculture, forestry, and fisheries
2.8
2.4
1.9
2.0
1.9
2.0
1.9
1.9
Mining
2.7
4.6
1.8
1.8
2.4
2.0
1.8
1.8
Construction
4.8
4.1
4.7
4.4
5.6
4.4
4.7
4.3
23.6
14.1
9.6
20.6
11.8
8.7
19.3
11.1
8.3
18.4
10.2
8.2
20.0
11.3
8.7
18.6
10.2
8.4
19.3
11.1
8.3
18.9
11.0
8.0
Transportation and public utilities
Transportation
Communications
Electric, gas, and sanitary services
9.1
3.9
2.5
2.7
9.3
3.5
2.8
3.0
9.2
3.4
2.8
3.1
8.7
3.2
2.6
2.9
9.2
3.4
2.1
3.6
8.9
3.1
2.7
3.1
9.2
3.4
2.8
3.1
9.3
3.3
2.9
3.2
Wholesale trade
7.0
6.9
6.7
6.5
5.0
5.8
6.7
6.6
Retail trade
9.6
9.1
9.7
9.3
9.3
9.0
9.7
9.8
Finance, insurance, and real estate
14.4
16.0
17.8
17.7
17.4
19.0
17.8
17.8
Services
13.0
14.9
17.2
18.9
15.7
16.8
17.2
17.9
Government
12.5
12.3
12.0
12.2
13.9
13.6
12.0
11.9
.6
-.2
-.5
.1
— 4
-.1
-.5
-.3
Manufacturing
Durable goods
Nondurable goods
Percentage not allocated by industry4 ...
1. Percentages for 1977 and 1982 are calculated using approximation B of GDP described
in the box on page 36 as the denominators. For manufacturing, the numerators are approximation
B of manufacturing gross product originating (GPO) described in the box. For all other industries,
the numerators are the 1987-dollar estimates shown in table 12.
2. Current- and constant-dollar percentages are the same in 1987, the base period.
3. All percentages for 1990 are calculated using the 1987-dollar estimates shown in table 12.
4. The current-dollar percentage is calculated using the current-dollar statistical discrepancy,
which is GDP measured as the sum of expenditures less gross domestic income—that is. GDP
measured as the costs incurred and profits earned in domestic production. The constant-dollar
percentage is calculated using the sum of (a) the constant-dollar statistical discrepancy (the dis-
100.0
crepancy in current dollars deflated by the implicit price deflator for gross domestic business product), (b) the residual, which is GDP in constant dollars measured as the sum of expenditures
less the statistical discrepancy in constant dollars and GDP in constant dollars measured as the
sum of gross product originating by industry, and (c) differences between the sum of the industry
detail and 100.0 that results from the use of approximation B for benchmark-years-weighted indexes for GDP and manufacturing GPO and of fixed-weighted indexes for nonmanufacturing industries
for 1977 and 1982.
NOTE—Percentages for 1987 are calculated from the estimates based on the 1987 Standard
Industrial Classification (SIC). There are no significant differences from percentages calculated
from the estimates based on the 1972 SIC.
• 35
36 • May 1993
SURVEY OF CURRENT BUSINESS
The Measurement of the Change in Real GPO by Industry
In this article, BE A departs from its traditional use of a fixedweighted quantity index for measuring real manufacturing GPO and
total real GDP for 1977-87. Instead, BEA uses one of the alternative
measures—the benchmark-years-weighted index—that were introduced in April 1992 as part of the most recent comprehensive revision
of the national income and product accounts. (See Allan H. Young,
"Alternative Measures of Change in Real Output and Prices," SURVEY OF CURRENT BUSINESS 72 (April 1992): 32-48.)
Measuring real growth
Manufacturing GPO and GDP, 1977-87.—A fixed-weighted index is
a good measure of real growth as long as the relative price structure of the economy does not change very much from that in the
base year. Because of substantial changes in the relative price structure in manufacturing—changes that were largely traceable to the
rapidly declining prices of computers and peripheral equipment—
the currently used fixed-weighted measure with 1987 price weights is
appropriate for only a fairly short period of years around 1987. For
timespans covering earlier years, the use of fixed 1987 price weights
understates the growth in manufacturing GPO, because the rapid
growth in the output of the computer industry is weighted not by
the price of computers in those years but by the lower 1987 price.
Similarly, the use of fixed 1987 price weights understates the growth
in GDP in these timespans. However, the understatement of GDP
growth is less than that of manufacturing GPO, because the output of
the computer industry accounts for a smaller portion of total GDP.
A benchmark-years-weighted index, unlike a fixed-weighted index,
is not based on the price weights of a single year; the weights change
each benchmark year—that is, at about 5-year intervals.1 Over time,
the weighting periods are shifted forward to reflect the prices that
1. For the benchmark-years-weighted index, the Fisher Ideal index formula is
adapted to use weights from pairs of adjacent benchmark years. For each pair of benchmark years, twofixed-weightedquantity indexes are computed: One with prices of the
first benchmark year as weights, and the other with prices of the second benchmark year
as weights. The geometric mean of these two indexes is the benchmark-years-weighted
index.
Exhibit 1.—Fixed-Weighted and Benchmark-Years-Weighted Indexes
of Real Gross Product in Manufacturing: Average Annual
Rate of Change Over Selected Periods
Fixed-weighted indexes
Benchmarkyearsweighted
index
1977
weights
1982
weights
1987
weights
4.3
1.2
7.6
2.3
-.8
5.4
1.7
-.8
4.3
1.7
1.7
2.5
.2
4.9
1.6
2.3
1.6
-1.3
4.5
2.6
.1
5.2
Part A—Measures calculated from revised data:
1977-87
1977-82
1982-87
1987-90
1977-90
.. .
Part B—Previously published measure:
25
—9
61
1977-87
1977-82
1982-87
Part C—Provisional estimates of measures
shown in part A:
1977-87
1977-82
1982-87
4.7
.8
8.8
2.6
.7
6.0
NOTE.—With fixed-weighted indexes, real gross product is obtained by the double-deflation method as the difference
between real gross output and real intermediate inputs. For the benchmark-years-weighted quantity index, the
following relationship was used to obtain the gross product index: ( i G P O )$2 = t G O / ( i I I ) 6 \ , where
1 GPO
is the derived benchmark-years-weighted index of gross product, i G O is a benchmark-years-weighted
quantity index of gross output, i n is a benchmark-years-weighted quantity index of intermediate input, and e x
and $2 are the average current-dollar shares of gross output accounted for by intermediate inputs and value
added? Use of this relationship provides a close approximation to a benchmark-years-weighted quantity index.
prevailed in the timespan being measured. For example, the period
1977-82 uses price weights for 1977 and 1982, and the period 1982-87
uses price weights for 1982 and 1987. As a result, the benchmarkyears-weighted index is a more accurate measure of growth from
benchmark year to benchmark year.
Exhibit 1 shows growth rates for manufacturing GPO using the
benchmark-years-weighted measure and three fixed-weighted measures with 1977, 1982, and 1987 prices as weights.
In part A of the exhibit, the benchmark-years-weighted measure,
the preferred measure of growth for 1977-87, shows an average annual increase of 2.5 percent. The three fixed-weigh ted measures show
that the measurement of the growth rate for manufacturing is quite
sensitive to the choice of weights. For example, the average annual growth rate for manufacturing for 1977-87 is 4.3 percent using
weights from the beginning of the timespan (the fixed-1977-weighted
measure), and it is only 1.7 percent using weights from the end of
the timespan (the fixed-1987-weighted measure).
Both the 1977-weighted measure and the 1987-weighted measure
present certain problems when they are used to measure output over
the period 1977-87. The 4.3-percent growth rate calculated using
the 1977-weighted measure is too high, largely because the change in
output for 1982-87 is measured using 1977 prices, which were quite
different from the actual prices that prevailed in the period. In contrast, the 1.7-percent growth rate calculated using the 1987-weighted
measure is too low, largely because the change in output for 1977-82
is measured using 1987 prices.
Part B of the exhibit shows the growth rates for the previously
published estimates of manufacturing GPO, which were calculated
using fixed 1982 weights. The differences between the changes for
this measure and those for thefixed-1982-weightedmeasure in part
A indicate the effects of incorporating the revised source data and
the improvements in methodology described in this article.
Part C of the exhibit reproduces a table from the April 1992 SURVEY article on the alternative measures of real output and prices.
The growth rates in the table, which were calculated from provisional estimates that incorporated some of the revised data from the
December 1991 comprehensive revision, are similar to those shown
in part A.
Nonmanufacturing GPO, 1977-87.—For 1977-87, the fixed-1987weighted measure is used for nonmanufacturing industries. For
these industries, the choice of relative price weights has much
less effect than it did for manufacturing; in addition, considerable
additional work would be required to calculate the benchmarkyears-weighted indexes, especially for the industries for which double
deflation is not used in their estimation. When the growth of a nonmanufacturing industry is compared with that of manufacturing or
of GDP, the fixed-weighted measure for the nonmanufacturing industry is, in effect, serving as a proxy for a benchmark-years-weighted
measure.
GPO for all industries, 1987-90.—For 1987-90, the fixed-1987-weighted
measure is used for all industries and for GDP. The differences between this measure and a benchmark-years-weighted measure in
which 1990 is treated as if it were a benchmark year are fairly small.
Measuring industry shares
As noted in the April 1992 SURVEY article, a benchmark-yearsweighted index has somewhat different properties than the traditional fixed-weighted index. Its use in the calculation of change in
real GPO by industry means that questions such as whether manufacturing is becoming a larger or smaller part of the total economy
Text continues on the next page.
SURVEY OF CURRENT BUSINESS
annual increases of more than 5 percent. (See
the box on page 43 for more information about
changes in the sic.)
For 1977-82, a period that starts in the middle of an expansion and ends at the trough of
a recession, real GDP increased at an average annual rate of 1.7 percent. Except for mining and
construction, all of the major industry groups
increased.
For 1982-90, a period that starts from a recession trough and ends at the peak of an expansion,
real GDP increased at a 3.4-percent rate. All of
the major industry groups increased. Particularly
strong recoveries were recorded in manufacturing, which increased 3.6 percent in 1982-90 after
a 0.2-percent increase in 1977-82, and in retail trade, which increased 4.5 percent after a
1.2-percent increase.
May 1993
•
GPO shares
Table 2 shows current- and constant-dollar
shares—the percentage of GDP accounted for
by a particular industry or industry group—for
1977, 1982, 1987, and 1990. The constant-dollar
shares for 1977 and 1982 were calculated using the "approximation B" method of estimating
constant-dollar GDP and constant-dollar manufacturing GPO (see the box on page 36). The
constant-dollar shares for 1987 were calculated
from the current-dollar estimates shown on the
1987 sic basis in table 9, and the shares for 1990
were calculated from the 1987-dollar estimates
shown in table 12.
Current-dollar shares measure the relative size
of an industry at a point in time. In 1990, the
largest share of GDP was accounted for by services
The Measurement of the Change in Real GPO by Industry—Continued
Text continues from the preceding page.
must be addressed in somewhat different ways. (One should note
that if the question is simply the relative size of manufacturing at a
point in time, the current-dollar share provides the answer.)
With the traditional fixed-weighted measures, the question of
whether manufacturing is becoming a larger or smaller part of the
total economy could be answered either by comparing growth rates
in real manufacturing GPO with those in real GDP or by calculating
the change in the constant-dollar share of manufacturing GPO in
GDP. The following example (in which the manufacturing share is
increasing) illustrates that the two approaches are equivalent.
[Percent]
Period
1
2
Real GDP
100
110
Percent change
10.0
Real manufacturing
GPO
20
23
15.0
"Constantdollar" share
20.0
20.9
4.5
The constant-dollar share of manufacturing increases 4.5
percent—from 20.0 percent to 20.9 percent of total GDP. The same
result may be obtained directly from the changes in manufacturing
GPO and GDP by stating them as ratios of the period 2 values to the
period 1 values as follows: (1.15/1.10) x 100—100=4.5%.
It is sometimes not appreciated that the use of constant-dollar
shares relies on a unique property of fixed-weighted indexes: Only
with fixed-weighted indexes can real GDP be expressed as the sum of
real GDP components. Because benchmark-years-weighted indexes
do not share this "additive" property, one cannot convert these indexes into dollar values and then compute time series of shares of
real GDP that add up precisely.
The simplest way to use the benchmark-years-weighted indexes to
answer the question is to compare growth rates, but it is also possible to calculate approximations of the manufacturing share. Exhibit
2 shows two such approximations. Approximation A is calculated by
extrapolating forward and backward the 1982 levels of current-dollar
manufacturing GPO and GDP using the benchmark-years-weighted
indexes. Approximation B is calculated in the same way except that
the extrapolations are from the 1987 current-dollar levels. Approximations calculated in this way will not produce shares that add up
precisely to 100 percent, but the approximation error will usually be
small when the calculations do not extend far from the base year. It
should be noted that a difference in the levels of approximations A
and B does not indicate a change in the real manufacturing share; it
reflects the change in the relative price structure of manufacturing
from 1982 to 1987.
Shares for all industries calculated using approximation B for
manufacturing and for GDP and fixed-weighted measures for the
nonmanufacturing industries are shown in table 2 of the article.
The sum of the industry shares is 1.6 percent larger than the GDP
approximation in 1977, and it is 0.3 percent larger in 1982; these
differences are included in "percentage not allocated by industry"
in the table, BEA plans to further explore the properties of various
approximations in the future.
Exhibit 2.—Approximations of Manufacturing Share of Real GDP
1977
1987
1982
Extrapolated levels of real manufacturing GPO
and GDP
Approximation A (1982 dollars):
Manufacturing GPO
Gross domestic product
640.1
2,889.4
647.5
3,149.6
820.7
3,827.0
Approximation B (1987 dollars):
Manufacturing GPO
Gross domestic product
685.2
3,427.6
693.1
3,736.3
878.4
4,539.9
Manufacturing share (percent)
Approximation A
Approximation B
22.2
20.0
20.6
18.6
21.4
19.3
NOTE.—Approximation A is obtained by extrapolating 1982 current-dollar levels with benchmark-yearsweighted indexes of real manufacturing GPO and GDP. Approximation B is obtained by extrapolating 1987
current-dollar levels.
GPO Gross product originating
GDP Gross domestic product
37
$8
• May 1993
SURVEY OF CURRENT BUSINESS
(18.9 percent), followed closely by manufacturing
(18.4 percent) and FIRE (17.7 percent). In FIRE,
about one-half of the share was accounted for by
the nonfarm housing services industry; the GPO
of this industry arises from the NIPA treatment
of homeownership, in which owner-occupants
are treated as landlords who rent their houses to
themselves.
Changes in constant-dollar shares measure
whether an industry is becoming a larger or
smaller part of the total economy. From 1977
to 1990, the share of GDP accounted for by the
services industry increased the most. Among
the other industry groups, the shares of both
wholesale and retail trade, of FIRE, and of transportation and public utilities also increased. The
shares of mining, construction, manufacturing,
and government fell; the government share fell
the most.
major industry groups were small for 1977, but
a number were substantial for 1989 (table 3).
For 1989, the largest upward revisions were in
manufacturing, $38.6 billion, and in FIRE, $29.8
billion. In manufacturing, the revisions were in
both durable goods and nondurable goods; in
FIRE, they were mainly in the combination of
depository and nondepository institutions. The
largest downward revision was in services, $21.7
billion; it was mainly in the combination of business services, miscellaneous professional services,
and "other services."
Constant-dollar revisions
For 1977-89, the constant-dollar revisions did
not greatly alter the picture of growth by industry that had been shown by the previously
published estimates (table 4). Among the major
industry groups, wholesale trade remained the
fastest growing group. Mining, which was the
only group to decrease in the previously published estimates, showed no change in the revised
estimates; the revision largely resulted from a
substantial upward revision in metal mining. The
growth rate for manufacturing was revised down
from 2.8 percent to 2.6 percent. (For a discus-
Revisions in Current- and
Constant-Dollar GPO
Current-dollar revisions
The pattern of the revisions in current-dollar GPO
by industry largely reflected the pattern of the
most recent NIPA revisions in GDP and in gross
domestic income.3 Most of the revisions in the
current-dollar GDP for 1989. As shown in table 3, the revision in the level of
GDP ranged from $9.0 billion for 1977 to $87.6 billion for 1989. Gross domestic
income, which is GDP less the statistical discrepancy, had a somewhat different
revision pattern. For 1977, gross domestic income was revised down $1.9
billion, and for 1989, it was revised up $69.5 billion.
3. The 1991 comprehensive revision raised current-dollar GDP for 19778, and both the comprehensive revision and the 1992 annual revision raised
Table 3.—Revisions in Gross Domestic Product by Industry Group in Current Dollars, Selected Years
[Billions of dollars]
1977
Previously
published
Gross domestic product
Agriculture, forestry, and fisheries .
Revised
1,965.1 1,974.1
58.9
54.4
Previously
published
Revision
Revised
9.0 3,114.8 3,149.6
-4.5
89.6
77.0
1989
1987
1982
Revision
Previously
published
Revised
34.8 4,486.7 4,539.9
-12.6
100.7
88.5
Revi-
Previously
published
Revised
Revision
53.2 5,163.2 5,250.8
87.6
113.5
-8.7
-12.2
104.8
Mining
50.2
54.1
3.9
132.1
146.1
14.0
76.8
83.0
6.2
80.3
84.2
3.9
Construction
97.9
93.9
-4.0
140.9
129.4
-11.5
219.2
213.0
-6.2
247.7
235.9
-11.8
Manufacturing
Durable goods
Nondurable goods
465.3
277.7
187.7
466.8
277.7
189.1
1.5
0
1.4
634.6
362.5
272.1
647.5
372.9
274.6
12.9
10.4
2.5
875.5
499.9
375.7
878.4
503.2
375.2
2.9
3.3
-.5
966.0 1,004.6
541.0
562.6
425.0
442.0
38.6
21.6
17.0
Transportation and public utilities
Transportation
Communications
Electric, gas, and sanitary services
178.9
77.0
48.8
53.1
179.2
76.3
50.0
52.9
.3
-.7
1.2
-.2
288.4
110.8
85.6
92.0
292.1
108.9
88.6
94.7
3.7
-1.9
3.0
2.7
413.9
153.9
122.8
137.2
419.9
152.8
127.6
139.5
6.0
-1.1
4.8
460.9
171.5
133.7
155.6
463.3
168.9
139.9
154.5
2.4
-2.6
6.2
-1.1
Wholesale trade
139.8
137.9
-1.9
219.0
216.5
-2.5
294.8
302.6
339.5
351.6
12.1
Retail trade
193.0
190.4
-2.6
287.5
426.4
440.1
486.0
502.5
16.5
Finance, insurance, and real estate
280.3
283.6
3.3
475.1
503.9
28.8
761.6
809.9
Services
253.4
255.7
2.3
463.6
469.8
6.2
793.6
784.0
Government
247.4
247.1
-.3
383.9
388.0
4.1
534.8
545.3
0
10.9
10.9
-.1
-7.4
-7.3
-10.6
-24.8
Statistical discrepancyl
1. Equals GDP measured as the sum of expenditures less gross domestic income—that
GDP measured as the costs incurred and profits earned in domestic production.
2.3
7.8
13.7
48.3
-9.6
10.5
-14.2
896.7
926.5
29.8
970.5
948.8
-21.7
619.3
627.6
8.3
-17.0
1.1
18.1
NOTE.—In this table, revised estimates for 1987 and previously published estimates for 1987
and 1989 are based on the 1972 Standard Industrial Classification (SIC); revised estimates for
1989 are based on the 1987 SIC.
SURVEY OF CURRENT BUSINESS
sion of the computation of the growth rate for
manufacturing, see the box on page 36.)
By detailed industry, the revisions reversed the
direction of change for four industries: In textile mill products, a decrease of 0.4 percent was
revised to a 2.3-percent increase; and in local
and interurban passenger transit, in pipelines except natural gas, and in private households, small
increases were revised to small decreases. The
largest upward revisions—those of 2 percentage
points or more—were in metal mining, in textile mill products, and in water transportation;
the largest downward revisions were in tobacco
manufactures and in security and commodity
brokers.
To an unknown, but likely small, extent, the
revisions in the GPO of nonmanufacturing industries also reflected the effect of the shift in the
base period from 1982 to 1987. Although a direct estimate of the effect on nonmanufacturing
is not available, it can be approximated by calculating what the effects would be on GDP and
on manufacturing GPO. (The shift did not affect the manufacturing industries or GDP, because
their revised growth rates are calculated using the
benchmark-years-weighted measures.) For 197789, the shift in the base period would lower the
growth rate of GDP by about 0.2 percentage point
and of manufacturing GPO by about 1.1 percent-
May 1993
age points. Because manufacturing GPO accounts
for about one-fifth of GDP, it can be assumed that
the impact of the shift on the revised estimates of
GPO for nonmanufacturing industries was small.
Sources of the Revisions
Revisions in the changes in GPO arise from the
incorporation of the revisions that were made in
the most recent comprehensive and annual NIPA
revisions and from the incorporation of statistical changes affecting the preparation of the GPO
estimates.
NIPA
revisions
The comprehensive—or benchmark—revision
released in December 1991 involved definitional,
statistical, and other changes that affected the GPO
estimates for 1977-89. Several of these changes
are described in the following paragraphs. The
annual revision released in July 1992 also affected
the GPO estimates for 1989.4
The replacement of gross national product
(GNP) with GDP as the featured measure of production resulted in the elimination from the GPO
tables of the "rest-of-the-world" industry, which
4. See "The Comprehensive Revision of the U.S. National Income and
Product Accounts: A Review of Revisions and Major Statistical Changes,"
SURVEY 71 (December 1991): 24-42 and "Annual Revision of the U.S. National
Income and Product Accounts," SURVEY 72 (July 1992): 6-45.
Table 4.—Revisions in Average Annual Rates of Change of Real Gross Domestic Product by Industry Group,
Selected Years l
[Percent]
1977-82
1977-69
Previously
published
Gross domestic product
Agriculture, forestry, and fisheries
Mining
2.8
2.7
-1.1
Revised
Previously
published
Revision
2.9
0.1
2.7
0
0
1.1
Revised
1982-87
Revision
Previously
published
Revised
0.4
4.1
2.8
-1.3
3.2
3.8
-1.9
-2.6
-.7
-.7
2.6
3.3
.6
.4
4.2
4.0
1.1
.9
-.2
-2.2
-2.9
-.7
4.7
5.3
Manufacturing
Durable goods
Nondurable goods
2.8
3.1
2.3
2.6
2.9
2.2
-.2
-.2
-.1
-.9
-2.1
.8
.2
-.3
1.0
1.1
1.8
.2
6.1
7.3
4.3
4.9
5.8
3.6
Transportation and public utilities
Transportation
Communications
Electric, gas, and sanitary services
3.3
2.8
5.1
2.7
2.9
2.3
5.2
1.8
-.4
-.5
.1
1.2
-.2
7.3
1.1
-.3
6.6
-.1
-.1
_7
-.9
-1.5
-1.5
0*
5.2
6.2
3.6
5.4
4.9
5.8
4.8
4.0
Wholesale trade
5.3
5.7
-1.0
5.4
6.8
Retail trade
3.6
3.6
0
5.3
5.5
Finance, insurance, and real estate
3.1
3.2
.9
3.4
2.7
Services
4.2
3.8
.1
5.0
4.5
Government
1.4
1.5
.2
1.6
1.5
1. For the previously published estimates, changes in GDP and in all industry groups are calculated using fixed 1982 weighted measures. For the revised estimates, changes in GDP and in
manufacturing are calculated using benchmark-years-weighted measures for 1977 and 1982. For
1987-89, the revised changes in GDP and in all industry groups are calculated using the fixed
6.1
5.1
1.2
1.2
.1
2.6
3.5
-.4
3.0
3.1
.1
1.1
1.3
0
Revi-
1.7
1.3
Construction
.4
1987-89
Previously
published
-0.2
-.3
-.4
1.2
-1.4
1.4
.2
-.7
-.5
-.1
Revised
Revision
3.4
3.2
-0.2
-2.2
-.3
1.9
-.1
.4
0
.5
-.4
4.4
6.4
1.3
3.1
4.0
1.8
-1.3
4.1
2.1
3.5
7.0
2.7
.7
3.1
-1.4
-1.4
-.4
4.6
-2.4
3.5
5.3
3.8
4.9
1.8
-2.4
.5
4.2
.7
4.6
-.7
3.6
-.2
4.0
-.9
2.0
.2
1987 weighted measures. The revised changes for 1977-89 in GDP and manufacturing are calculated using the combination of the two measures. See the box on page 36 for additional
information.
•
39
40
• May 1993
SURVEY OF CURRENT BUSINESS
measured the net receipts of factor incomes from
the rest of the world.
Alternative measures of output were introduced that are more appropriate than the fixedweighted measure for the long-term analysis of
GDP; the benchmark-years-weighted alternative
was used in calculating the changes in real GDP
and in manufacturing GPO for 1977-87.
The 1987 Standard Industrial Classification
(sic) was incorporated, beginning with the estimates for 1987. As explained in the box on page
43, this change resulted in discontinuities in several of the detailed industry series; it had little or
no effect on GPO for the major industry groups.
Among the changes in NIPA methodology,
the new method used to estimate the imputed
rental value of farm dwellings reduced farm GPO.
The improved estimates of rental expenses for
nonfarm dwellings increased nonfarm housing
services GPO. Improved adjustments for misreporting on tax returns significantly reduced the
GPO of personal services, business services, and
"other services." Other changes that affected
the gross output estimates used in the doubledeflation method of estimating GPO included the
following: Revised estimates of petroleum and
natural gas exploration, which are used for the oil
and gas extraction industry; revised estimates of
new nonresidential construction, which are used
for the construction industry; and revised estimates of consumer expenditures, which are used
for several financial and service industries.
The definitional and classificational changes
that were made in the comprehensive revision
had only small effects on the GPO estimates. The
reclassification of nine government agencies increased the GPO of government enterprises for
most years.
Statistical changes in the GPO estimates
This section focuses on the major statistical
changes incorporated into the revised estimates
of GPO. The next section of this article describes
the complete methodology used to prepare the
revised estimates.
For the current-dollar GPO estimates, a newly
available Census Bureau employment matrix that
converts the NIPA industry estimates of corporate
profits and capital consumption allowances from
a company-industry basis to an establishmentindustry basis was introduced. The new matrix
is based on data reported in the 1982 Economic
Censuses and covers all private nonfarm industries except railroads and private households.
The matrix used for the previously published es-
timates was for 1972 and covered only mining,
construction, manufacturing, trade, and selected
services industries; the estimates for the other industries were mainly based on company-industry
data. Beginning with 1982, the estimates are
based on the 1982 matrix; estimates for earlier
years are based on averages from both the 1972
and 1982 matrices.
For the constant-dollar GPO estimates, the
revisions largely stem from revisions in the
current-dollar GPO estimates, from changes in the
methods used to estimate constant-dollar GPO,
from the shift in the base period from 1982
to 1987 for nonmanufacturing industries, from
changes in the prices used to estimate gross outputs and intermediate inputs, and from changes
in the methods for estimating the composition of
inputs.
For two of the detailed industries, the method
used to calculate the constant-dollar GPO estimates was changed.
For motion pictures,
the double-deflation method using a gross output series developed from the Census Bureau's
service annual survey and the 1977, 1982, and
1987 Censuses of Service Industries, replaced the
extrapolation method. For water transportation, an extrapolation method using persons
engaged in production replaced the doubledeflation method; an evaluation based on newly
available data from the 1987 Census of Transportation showed that the quantity measures
used to estimate the previously used gross output
series were not representative of all activities of
the industry.
Several changes were made in the estimation of
gross output. Manufacturing gross output is now
benchmarked to the 1977, 1982, and 1987 inputoutput tables; as a result, it includes the margin
on resales and an adjustment for misreporting
of receipts. Previously, it had included the total value of resales and excluded the adjustment.
For all industries, force-account construction was
allocated from the construction industry to the
industry whose employees performed the construction. In addition, construction output was
improved by the inclusion of receipts of construction establishments for nonconstruction activities. Gross output for security and commodity
brokers was revised to incorporate improved estimates of the adjustments to remove interest and
capital gains income. Mining gross output now
incorporates shipments data from the 1987 Census of Mineral Industries and revised shipments
data for 1988 and 1989 from the Bureau of Mines.
SURVEY OF CURRENT BUSINESS
Finally, estimates for 1988 and 1989 are based on
the 1987 sic instead of the 1972 sic.
New and improved estimates of the composition of inputs were incorporated for most
double-deflated industries. The revised estimates
incorporate the input composition from the 1982
benchmark 1-0 table and an adjusted 1987 annual 1-0 table (which is an update of the 1982
table) that incorporates purchases data from the
1987 Economic Censuses and the 1987 Assets and
Expenditures Surveys.5 (Estimates for 1987 were
prepared using both the 1972 sic and the 1987
sic.) Revised estimates for 1978-81 and for 198386 are primarily interpolations based on the 1977,
1982, and 1987 compositions. The composition
for 1988-90 is generally assumed to be the same
as 1987 using the 1987 sic. Improvements also
were made in the estimates of the share of inputs
accounted for by imports by incorporating information from the 1982 and 1987 1-0 tables. In the
previous estimates, the composition for 1981-85
was based on the annual 1-0 tables that were updates of the 1977 benchmark table; estimates for
1978-80 were interpolations of the 1977 and 1981
composition; and estimates for 1986-89 were generally assumed to be the same as the composition
of 1985.
As noted in the box "Gross Product Originating:
Definition and Relationship to Gross Domestic
Product," on page 33, the current-dollar GPO estimates are prepared as the sum of distributions
by industry of the components of gross domestic
income. This section describes the methodology
for distributing the current-dollar estimates of
these components on an establishment-industry
basis.
For most components of gross domestic income, the estimates are based on source data that
provide industry distributions, either companyindustry or establishment-industry.
Only
the estimates with distributions based on
establishment-industry data can be used directly
to calculate industry GPO. For those components that are estimated on the basis of Internal
Revenue Service (IRS) tabulations of business
tax returns, which have company-industry distributions, the industry distributions may need
to be converted to an establishment-industry
basis. This conversion is designed to recognize that large multiestablishment companies
typically own establishments that are classified in different Standard Industrial Classification (sic) industries, and industrial distributions of the same component for companies
and establishments can be significantly different.
(See the box on page 43 for information about the 1987 sic.) For the components of gross domestic income for which the
source data provide no industry distribution,
BEA has developed establishment-industry distributions from related sources. Table 5 shows
the major source data for each component
of gross domestic income, the availability and
type of industrial distribution in the source
data, and the data or assumptions used, when
necessary, to develop establishment-industry
distributions.6
For the noncorporate parts of components that
are estimated on the basis of the IRS tabulations, BEA assumes that company-industry and
establishment-industry distributions are equivalent, because noncorporate businesses typically
operate only one establishment. For corporate profits and corporate capital consumption
allowances, BEA converts the company-industry
distributions to establishment-industry distributions using the methodology described in the
next paragraph. For corporate net interest, there
is no adequate conceptual basis for the conversion, so conversion is not attempted. For
the corporate part of other labor income, BEA
has developed establishment-industry distributions based primarily on data from the quinquennial economic censuses. For corporate business transfer payments, mainly charitable contributions, BEA assumes that company-industry
and establishment-industry distributions are
equivalent.
The methodology used to convert corporate
profits before tax and capital consumption allowances is based primarily on special Census
Bureau tabulations of the employment of establishments of corporations. These "matri-
5. The 1982 table was presented in "Benchmark Input-Output Accounts
for the U.S. Economy, 1982," SURVEY 71 (July 1991): 30-71; the 1987 table
in "Annual Input-Output Accounts of the U.S. Economy, 1987," SURVEY 72
(April 1992): 55-71-
6. For additional information about the methodology used for income
components, see "Annual Revision of the U.S. National Income and Product
Accounts," SURVEY 72 (July 1992): 33-36.
Methodology for GPO Estimates
This section describes the methodology—that is,
the source data and estimating procedures—used
to prepare the revised GPO estimates. Changes
in methodology from the previously published
estimates were reviewed in the preceding section.
Current-dollar estimates
May 1993 •
41
42 • May 1993
SURVEY OF CURRENT BUSINESS
ces" present employment of these establishments
cross-classified by (1) the company-industry classification assigned by IRS in preparing the tabulations of corporate tax returns and (2) the
establishment-industry classification assigned by
the Census Bureau in the economic censuses.
For the estimates for 1982 forward, the conversion is based on a matrix of establishment
employment from the 1982 Economic Censuses
that covers all nonfarm industries except railroads and private households. For earlier years,
the conversion is based both on the 1982 matrix and on a 1972 matrix that covered only
mining, construction, manufacturing, trade, and
selected services industries. For all years, information from Department of Energy tabulations of establishment-industry distributions of
net income and depreciation of energy companies is used to convert IRS data for integrated
petroleum companies. Adjustments to the results of the matrix are made, when necessary,
to reflect publicly available information about
Table 5.—Major Sources for Current-Dollar Gross Product Originating by Industry
Industrial distribution
Component
Compensation of employees:
Wages and salaries
Major source data
Distribution available in source
data
Data or assumption used if establishment-industry distribution is not available in source
data
BLS tabulations of wages and salaries of
employees covered by State
unemployment insurance and Office of
Personnel Management data on wages
and salaries of Federal Government
empJoyees.
Establishment
Employer contributions for social insurance ..
Federal budget data
None
Other labor income
Trade association data and IRS tabulations
of business tax returns.
None
Department of Agriculture farm statistics
Establishment
IRS tabulations of business tax returns
Company
BLS prices and Census Bureau inventory
data.
Establishment
Census Bureau American Housing Survey,
BLS Consumer Expenditures Survey, and
IRS tabulations of business and individual
tax returns.
Establishment
IRS tabulations of business tax returns
Company
BLS prices and Census Bureau inventory
data.
Establishment
IRS tabulations of business tax returns
IRS tabulations of business tax returns
Company
Company
None.
Assumed to be equivalent to an
establishment-industry distribution.
Business transfer payments
Trade association data and IRS tabulations
of business tax returns.
Company
Industry-specific payments are assigned to
those industries; others are based on IRS
industry distribution.
Indirect business tax and nontax liability ,
Federal budget data and Census Bureau
data on State and local governments.
None
Industry-specific payments are assigned to
those industries; property taxes are based
on BEA capital stock distribution.
Subsidies less current surplus of
government enterprises.
Federal budget data and Census Bureau
data on State and local governments.
Establishment
IRS tabulations of business tax returns ...
IRS tabulations of business tax returns ...
Company ....
Company ....
Proprietors' income with inventory valuation
adjustment:
Farm
Nonfarm:
Proprietors' income
Inventory valuation adjustment
Rental income of persons
Corporate profits with inventory valuation
adjustment:
Corporate profits before tax
Inventory valuation adjustment
Net interest:
Corporate
Noncorporate
Social Security Administration and BLS
tabulations.
Census Bureau and IRS tabulations.
Assumed to be equivalent to an
establishment-industry distribution.
Census Bureau and Department of Energy
data relating company-industry and
establishment-industry data.
Capital consumption allowances:
Corporate
Noncorporate
BLS Bureau of Labor Statistics
IRS Internal Revenue Service
Same as corporate profits before tax.
Assumed to be equivalent to an
establishment-industry basis.
SURVEY OF CURRENT BUSINESS
large mergers, acquisitions, or changes in company diversification that have occurred since
1982.
Constant-dollar estimates: An overview
The constant-dollar GPO estimates are prepared
in one of three ways: Double deflation, extrapolation, or direct deflation. The method chosen
depends on the availability of source data.
• In the double-deflation method, constantdollar GPO is derived as the difference
between constant-dollar gross output and
constant-dollar intermediate inputs. When
complete and consistent current-dollar series
are available for gross output and for intermediate inputs, these series are deflated, and
constant-dollar GPO is measured as the difference between them.7 In most cases, however, suitable current-dollar intermediate input series are not available; in these cases,
intermediate inputs are obtained by deducting current-dollar GPO from current-dollar
gross output and then deflating the inputs
for use in the calculation of constant-dollar
output minus constant-dollar inputs.
• In the extrapolation method, constant-dollar
GPO is derived by extrapolating the base-year
value of GPO (for which the current-dollar
value equals the constant-dollar value) by an
7. In international literature, this is the method usually referred to as
"double deflation." That literature is often couched in terms of input-output
or production accounts by industry, where gross output and intermediate
inputs are displayed. See, for example, United Nations, Manual on National
Accounts at Constant Prices, Statistical Papers, Series M, No. 64 (New York:
United Nations, 1979): 8-11.
indicator series, which usually is the number
of persons engaged in production or of hours
worked.
• In the direct-deflation method, constantdollar GPO is derived by deflating currentdollar GPO, usually using gross output prices
or earnings.
Generally, double deflation is the conceptually preferred method because it measures GPO
in the same way that GPO is defined. Moreover,
assuming the availability of appropriate source
data, double deflation is preferred because it allows for changes over time in the relationships
between gross output and inputs. The extrapolation method will yield the correct results if the
rates of change in constant-dollar gross output
and inputs are the same. The direct-deflation
method will yield the correct results if the deflators for both constant-dollar gross output and
inputs are the same.
Double deflation is not the preferred method
for the three industries—private households,
Federal general government, and State and local
general government—for which gross output and
GPO are defined as employee compensation. For
these industries, the most appropriate method is
extrapolation by an indicator of labor input that
reflects changes in productivity.
Double deflation was not used for 11 industries for which it is the preferred method, because
adequate source data are not available to prepare estimates of current-dollar gross output or
of constant-dollar gross output or of both. Extrapolation or direct deflation was used for water
Industrial Classification
The distribution of the GPO of private industries is based on the Standard Industrial Classification (sic), a system
that provides a classification for establishments (that is, economic units, generally at a single physical location, where
business is conducted or where services or industrial operations are performed). Establishments are classified into
an sic industry on the basis of their principal product or service. Thus, establishment data cover both the principal
products included in the sic and the products of these establishments that are primary to other sic industries. Industrial
distributions for government activities are not provided; separate estimates are shown for the activities of the Federal
Government, of State and local governments, and of government enterprises.
The GPO estimates of private industries for 1987 forward are presented on the basis of the 1987 sic. Estimates for
earlier years are presented on the basis of the 1972 sic; they have not been adjusted to the 1987 sic because of a lack
of adequate source data. To provide a link between the two classifications, the estimates for 1987 are also presented on
the basis of the 1972 sic. (Industry source data for years after 1987 are available only on the 1987 sic basis.) For the
following 1987 sic industries, there are significant differences between the 1972 sic and the 1987 sic at the level of detail
that GPO is presented: In manufacturing, electronic and other electrical equipment (sic 36) and instruments and related
products (sic 38); in communications, telephone and telegraph (sic 481, 482, and 489) and radio and television (sic
483 and 484); in FIRE, depository institutions (sic 60) and nondepository institutions (sic 61); and in services, business
services (sic 73) and other services (sic 84, 87, and 89).
1. For additional information on industrial distributions presented in the NIPA'S, see U.S. Department of Commerce, Bureau of Economic Analysis,
National Income and Product Accounts of the United States: Volume 2, 1959-88 (Washington, DC: U.S. Government Printing Office, September 1992): M-12.
May 1993
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44
SURVEY OF CURRENT BUSINESS
• May 1993
transportation; transportation services; banking
("depository institutions" in the 1987 sic); credit
agencies other than banks ("nondepository institutions" in the 1987 sic); real estate other than
nonfarm housing services; holding and investment offices; business services; social services and
membership organizations; miscellaneous professional services ("other services" in the 1987 sic);
and government enterprises, Federal and State
and local. The key source data used in the preparation of GPO for all industries for which double
deflation is not used are shown in table 6. For
general government and private households, the
GPO estimates are those prepared for the national
income and product accounts (NIPA'S).
The constant-dollar GPO estimates, calculated
as described above, are summed, and the result is
compared with constant-dollar GDP estimated as
the sum of expenditure components. It is BEA'S
judgment that the expenditures estimates are the
more accurate. Thus, when the difference between the total of the GPO industry estimates and
Table 6.—Methods for Estimating Constant-Dollar Gross Product Originating
Industry]
Agriculture, forestry, and fisheries
Double deflation
Mining
Double deflation
Construction
Double deflation
Manufacturing
Double deflation
Transportation:
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
Double deflation
Double deflation
Double deflation
Extrapolation
Double deflation
Double deflation
Extrapolation
Communications
Double deflation
Electric, gas, and sanitary services
Double deflation
Wholesale trade
Double deflation
Retail trade
Double deflation
Finance, insurance, and real estate:
Depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents and brokers, and service
Real estate:
Nonfarm housing services
Other real estate
Holding and other investment offices
Services:
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
Educational services
Social services and membership organizations
BEA persons engaged in production.
BEA persons engaged in production.
Double deflation
Double deflation
Double deflation
Double deflation
Direct deflation ..
Extrapolation
Double deflation
Double deflation
Extrapolation
Double deflation
Double deflation
Double deflation
Double deflation
Double deflation
Double deflation
Double deflation
Direct deflation ..,
Private households ..
Direct deflation
Extrapolation ...
Extrapolation ...
1. Titles are for the 1987 SIC; methods also apply to comparable industry in the
1972 SIC
2. Source data provide either a price index for deflation of gross product originating or a quantity extrapolator of base-year value of gross product originating.
BEA persons engaged in production.
Extrapolation
Direct deflation ..,
Government enterprises
BE A persons engaged in production.
Extrapolation
Other services
Government:
General government
Major source data 2
Method
Index of rent for office buildings from trade source and
BEA estimates.
BEA persons engaged in production.
BLS employment weighted by Census Bureau receipts.
BEA average wages and salaries per full-time equivalent
employee.
BEA average wages and salaries per full-time equivalent
employee.
BLS prices.
BEA hours worked weighted by BEA measures of
experience and education.
BEA and Census Bureau employment and BLS output
indexes.
BEA Bureau of Economic Analysis
BLS Bureau of Labor Statistics
SURVEY OF CURRENT BUSINESS
total GDP—termed the "residual"—is large, the
GPO estimates may be adjusted to bring their total closer to GDP. For the estimates presented in
this article, no adjustments were made.
Constant-dollar estimates: Double-deflation
method
In the GPO estimates, double-deflation is used for
most industries, as shown in table 6. Complete
and consistent gross output and intermediate inputs series are available for only two industries,
farms and nonfarm housing services; for these industries, constant-dollar GPO is measured as the
difference between constant-dollar gross output
and constant-dollar inputs. (These GPO estimates are those prepared for the NIPA'S.) For
all other double-deflated industries, only a gross
output series consistent with the current-dollar
GPO series is available. This section describes the
constant-dollar methodology for these industries;
the first part of this section discusses gross output estimates for these industries, and the last
two parts discuss the estimates of current- and
constant-dollar intermediate inputs.
Gross output.—Table 7 provides a summary description of the principal source data used to
prepare the gross output estimates. For currentdollar gross output, the table shows the series
used to extrapolate or interpolate the benchmark
values. For constant-dollar gross output, it shows
the price index used to deflate current-dollar
gross output or the quantity indicator used to
extrapolate the base-year value.
The estimates of gross output are based primarily on gross output as estimated for BEA'S 1977
and 1982 benchmark input-output (1-0) tables
and on information from the forthcoming 1987
benchmark 1-0 table. The industry distributions
in these 1-0 tables do not follow the sic exactly,
because some activities are moved, or redefined,
to other industries in order to create industries
with homogeneous input structures; the changes
facilitate analysis with 1-0 tables. Activities that
are moved include both new construction and
maintenance and repair construction, which are
shifted to the construction industry; service commodities produced at trade establishments, which
are shifted to services; and all trade output (margin) from selling goods, which is shifted to trade.
For the GPO estimates, 1-0 output and input
estimates were adjusted to follow the sic.8
8. For additional information on i-o classifications, see U.S. Department
of Commerce, Bureau of Economic Analysis, The 1982 Bendimark InputOutput Accounts of the United States (Washington, DC: U.S. Government
Printing Office, December 1991): M-2.
Current-dollar intermediate inputs.—The composition of current-dollar intermediate inputs is
derived in four steps:
(1) The input compositions for 1977, 1982, and
1987 are derived from the 1-0 tables;
(2) The input compositions for 1978-81 and for
1983-86 are estimated by interpolating the
detailed compositions from 1977, 1982, and
1987;
(3) The imported and domestically produced
shares of each detailed input for 1977-87 are
estimated; and
(4) The input compositions for 1988-90 are
estimated, primarily based on the 1987
composition.
In the first step, the input compositions for
1977 and 1982 are from benchmark 1-0 tables,
after which they are converted to an sic basis
and aggregated to the GPO industry level of detail. The inputs in the 1-0 tables are estimated
largely from economic census reports on purchased goods and services. Because the 1987 1-0
table is an update of the 1982 table, the input
composition for 1987 is estimated using an indirect method. (Estimates of inputs from the
forthcoming benchmark 1987 1-0 table were not
available.) In BEA'S annual 1-0 tables, initial estimates of inputs are prepared with the assumption
that both constant-dollar gross output and inputs have changed at the same rates since the
last benchmark table. These initial estimates are
subsequently modified so that the sum of industry inputs and final uses equals the directly
measured output of these industries. For the revised GPO estimates, these modified estimates for
1987 were converted to an sic basis and adjusted
to take into account some of the data on purchased goods and services collected in the 1987
Economic Censuses and in the 1987 Assets and
Expenditures Surveys. The sic-converted 1-0 input estimates for 1977, 1982, and 1987 were scaled
to sum to the total intermediate inputs derived
as gross output less GPO. In general, the composition was estimated for the approximately 5,000
detailed commodity items used to prepare the 1-0
tables. This detail is substantially greater than
the roughly 550 commodities published for the
benchmark tables. The greater detail allows for
the use of more detailed prices in calculating
constant-dollar inputs.
In the second step, input compositions for
1978-81 and for 1983-86 are derived by interpolating, at the detailed input level, between the 1977
and 1982 estimates and between the 1982 and 1987
May 1993
•
46 • May
SURVEY OF CURRENT BUSINESS
estimates. For manufacturing for all years, the
cost of purchased materials, of fuels, and of electricity from the annual survey of manufactures
were used as interpolator series. For most nonmanufacturing industries for 1978-81, the cost of
purchased fuels and of electricity from the National Energy Accounts were used as interpolator
series. (These accounts were prepared by the
Commerce Department's Office of Business Analysis.) The results of the interpolations for each
year were scaled to sum to the total intermediate
inputs derived as gross output less GPO.
In the third step, the shares of intermediate inputs accounted for by imports for 1977,1982, and
1987 are estimated from the detailed commodity
items from the corresponding 1-0 tables, based
on the assumption that the proportion of imports
used as intermediate inputs to total inputs is the
same for all industries using that input. For 197881, import shares at the same level of detail are
derived by interpolating the 1977 and 1982 shares.
For 1983-86, the import shares are derived by
using Census Bureau import data together with
interpolations of the 1982 and 1987 proportions
of imports used as intermediate inputs.
In the fourth step, the 1987 composition of inputs was used as the composition for most industries for 1988-90. However, for three industries—
construction, fabricated metal products, and industrial machinery and equipment—the input
compositions were adjusted for consistency with
the constant-dollar inputs, the estimates of which
were derived as described in the next paragraph.
Constant-dollar intermediate inputs.—The constant-dollar estimates of intermediate inputs
are prepared by deflating each of the detailed
current-dollar inputs, with imports and domestic
production being deflated separately. For three
industries—construction, fabricated metal products, and industrial machinery and equipment—
constant-dollar inputs for 1988-90 were estimated
by assuming no change in the constant-dollar
relationship in 1987 between inputs and gross
output. These exceptions were made because
the input compositions for these industries appeared to have changed after 1987 to the extent
that use of the 1987 composition would result
in significant errors in the estimates of constantdollar inputs. (In future years, estimates of the
composition of inputs for these industries will
be incorporated, and these assumptions will be
revised.)
Prices for domestically produced intermediate inputs were largely based on the prices used
to prepare the constant-dollar estimates of gross
output, as shown in table 7. For service prices,
additional detail is shown in table 8.
The import prices were developed from a
variety of sources. Import prices for energy
commodities are based on estimates from the National Energy Accounts and on Department of
Energy prices. Import prices for nonenergy mineral industry commodities are based on price data
from the Bureau of Mines. Import prices for
most other goods are from the Bureau of Labor
Statistics (BLS) import price series and are the
same as those used for the NIPA estimates of imports. For years before 1981, however, many of
the detailed BLS import prices are not available.
For those years, estimates primarily reflect rates
of change of more aggregate BLS import prices;
where aggregate indexes were not available, they
reflect rates of change in corresponding domestic
prices, based on the producer price indexes.
Tables 7 through 12 follow. El
May 1993
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•
47
Table 7.—Principal Source Data and Estimating Methods Used in Preparing Estimates of Gross Output for Use in Double
Deflation
Current dollars
Constant dollars
Extrapolator or interpolator of benchmark values2
Price index for deflation or quantity extrapolator of base-year value
Industry]
Agriculture, forestry, and fisheries:
Farms
Agricultural services, forestry, and
fisheries:
Agricultural services
Forestry
Fisheries
Mining:
Metal mining
Coal mining
Oil and gas extraction:
Oil and gas extraction
Oil and gas field services
Nonmetallic minerals, except fuels
Construction:
For the Department of Defense
Cash receipts from marketings, inventory change, and other
receipts from USDA.
Prices received by farmers from USDA.
Receipts for agricultural services, forestry, and fisheries from IRS
tabulations of business tax returns less gross output of forestry
and fisheries.
Shipments of logging camps and contractors from Census Bureau
quinquennial census and annual survey.
Value of fish landed from NOAA
Index of selected prices paid by farmers from USDA.
Physical quantity produced times average price: For uranium,
physical quantity and average price from DOE; for all others,
quantities and prices from BOM.
Physical quantity produced times average price, both from DOE ...
Physical quantity produced times average price, both from NEA's
through 1985 and from DOE for 1986 forward.
Petroleum and natural gas well drilling and exploration: Footage
drilled and cost per foot from trade sources.
Physical quantity produced times average price, both from BOM ...
Expenditures from DOD
For State and local highways
Expenditures from Census Bureau annual survey of government
spending.
For private electric and gas utilities
For farms, excluding residential
Expenditures from Federal regulatory agencies and trade source ..
Expenditures from USDA
For other nonresidential:
New construction
Value put in place from Census Bureau construction survey
Maintenance and repair
For other residential:
New construction
Value put in place from Census Bureau construction survey
Maintenance and repair
Expenditures by owner-occupants from BLS survey and by
landlords from Census Bureau survey.
Manufacturing
Transportation:
Railroad transportation
Local and interurban passenger
transit:
Taxicabs
Intercity buses
School buses
Other local transit
Trucking and warehousing
Transportation by air
Pipelines, except natural gas
Communications:
Radio and television broadcasting ..
Telephone and telegraph
Electric, gas, and sanitary services:
Electric utilities
Gas utilities
Sanitary services
Value put in place from Census Bureau construction survey
PPI's.
Fish landed from NOAA.
Quantity produced from BOM.
Quantity produced from DOE.
Quantity produced from NEA's and DOE.
Footage drilled from trade source.
Quantity produced from BOM.
For most military construction, BEA indexes based on DOD prices;
for other construction, cost indexes from trade sources and
government agencies.
For new construction, cost indexes from government agencies; for
maintenance and repair, CPI for home maintenance and repair
services.
Cost indexes from trade sources and government agencies.
Cost index from trade source and price deflator for new singlefamily houses under construction from Census Bureau.
Cost indexes from trade sources and government agencies and
price deflator for new single-family houses under construction
from Census Bureau.
CPI for home maintenance and repair services.
Price deflator of new single-family houses under construction from
Census Bureau.
CPI for home maintenance and repair services.
Shipments and inventory change from Census Bureau annual
survey.
PPI's, BEA computer price index, and BEA price indexes based
on DOD prices paid for military equipment.
Total operating revenue for Class I railroads and AMTRAK
Composite index of IPD for Class I freight, from revenue ton-miles
from trade source, and of IPD for AMTRAK passenger, from
passenger miles from NRPC.
PCE
Operating revenues from trade source
Wages and salaries from BLS
Operating revenues of private local transit systems from trade
source.
For 1977-83, operating revenues for Class I motor carriers of
property from ICC; for 1984 forward, Census Bureau annual
survey.
Operating revenues of air carriers and of Federal Express from
DOT and public sources.
CPI for taxi fares.
Passenger miles from ICC and trade source.
Employment from BLS.
Passenger trips from trade source.
Ton-miles from DOT.
Operating revenues from trade source
For passenger, revenue passenger miles for domestic and for
international travel from DOT. For freight and mail, ton-miles for
domestic and international freight and for domestic and
international mail from DOT. For all other, composite index of
IPD for passenger, freight, and mail.
Ton-miles from trade source.
Advertising expenditures from trade source; PCE for cable
television.
Revenues from FCC
For advertising, cost indexes from trade source. For cable
television, CPI for cable television.
PPI's.
For private utilities, revenues from DOE. For rural cooperatives,
revenues from USDA.
Revenues of gas pipeline and utilities from trade source
Receipts from IRS tabulations of business tax returns
Kilowatt hours from trade source.
BTU's from trade source.
CPI for water and sewerage maintenance.
48 • May 1993
SURVEY OF CURRENT BUSINESS
Table 7.—Principal Source Data and Estimating Methods Used in Preparing Estimates of Gross Output for Use in Double
Deflation—Continued
Current dollars
Constant dollars
Extrapolator or interpolator of benchmark values2
Price index for deflation or quantity extrapolator of base-year value
Industry]
Wholesale trade:
Merchant wholesalers ,
Manufacturers' sales branches and
sales offices.
Agents and brokers
Retail trade:
Eating and drinking places
Other
Finance, insurance, and real estate:
Security and commodity brokers
Insurance carriers
Insurance agents and brokers, and
services.
Real estate:
Nonfarm housing services
Services:
Hotels and other lodging places
Personal services
Ratio of gross margin to sales (margin rate) times sales: For
1977-82, margin rate from quinquennial census and sales from
Census Bureau annual survey; for 1983 forward, both from
annual survey.
For equipment rental, interpolation of quinquennial census
receipts; for 1988 forward, judgmental trend. For other receipts,
manufacturing shipments from Census Bureau annual survey.
Merchant wholesalers margin rate times sales: For 1977-82,
margin rate from quinquennial census and sales from Census
Bureau annual survey; for 1983 forward, both from annual
survey.
Sales deflated by PPI's.
For equipment rental, IPD from BEA capital stock statistics For
other receipts, shipments deflated by PPI's.
Merchant wholesalers sales deflated by PPI's.
Sales from quinquennial census and from Census Bureau annual
survey.
Ratio of gross margin to sales (margin rate) times sales: For
1977-82, margin rate from quinquennial census and sales from
Census Bureau annual survey; for 1983 forward, both from
annual survey.
CPI's.
Securities commissions, revenue from sale of investment company
securities, profits on underwriting/selling, gains on trading
accounts and other revenues excluding interest, and revenues
earned by exchanges; receipt items from SEC and interest from
SEC and BEA.
For securities commissions, number of public securities orders
from SEC and trade sources; for mutual funds, IPD for
securities commissions; for underwriting, new securities
registrations from SEC and trade sources; for other revenue for
1977-87, BEA price from trade source data on merger and
acquisition fees; for all others, IPD for GDP.
For health and life insurance, IPD's for PCE. For all others,
composite index of BEA IPD for workers' compensation and
CPI for auto and property insurance.
Insurance carrier deflators weighted by commissions from trade
source.
Net premiums for health, auto, accident, property, and workers'
compensation insurance from trade sources; PCE for expense
of handling life insurance.
Receipts from IRS tabulations of business tax returns
Sales deflated by CPI's.
PCE for owner- and tenant-occupied nonfarm dwellings
IPD for PCE.
Receipts from Census Bureau quinquennial census and annual
survey.
Receipts from Census Bureau quinquennial census and annual
Room-rate index from trade source.
CPI's.
survey.
Automotive repair, services, and
parking.
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services:
Hospitals
Other health services
Legal services
Educational services .
Receipts from
survey.
Receipts from
survey.
Receipts from
survey.
Receipts from
survey.
Census Bureau quinquennial census and annual
CPI's.
Census Bureau quinquennial census and annual
CPI's and average annual earnings from BLS.
Census Bureau quinquennial census and annual
CPI for admissions.
Census Bureau quinquennial census and annual
CPI's.
Receipts from trade sources ..
Receipts from Census Bureau quinquennial census and annual
survey.
Receipts from Census Bureau quinquennial census and annual
survey.
PCE for private education
1. Source data and estimating methods apply to both the 1972 SIC and 1987 SIC definition of
the industries shown in this table. Industry titles are 1987 SIC titles.
BEA
BLS
BOM
CPI
DOC
DOD
DOE
Bureau of Economic Analysis (DOC)
Bureau of Labor Statistics
Bureau of Mines
Consumer Price Index (BLS)
U.S. Department of Commerce
U.S. Department of Defense
U.S. Department of Energy
DOT
EIA
FCC
HFCA
ICC
IPD
IRS
HCFA index of input prices and CPI for hospital room.
CPI's and HCFA index of input prices.
CPI for legal services.
IPD for PCE.
2. Benchmark values are derived from 1977, 1982, and 1987 input-output tables.
U.S. Department of Transportation
Energy Information Administration (DOE)
Federal Communications Commission
Health Care Financing Administration
Interstate Commerce Commission
Implicit price deflator
Internal Revenue Service
NEA
NOAA
NRPC
PCE
PPI
SEC
USDA
National Energy Accounts (DOC, Office of Business Analysis)
National Oceanic and Atmospheric Administration (DOC)
National Railroad Passenger Corporation
Personal consumption expenditures
Producer Price Index (BLS)
Securities and Exchange Commission
U.S. Department of Agriculture
May 1993 •
SURVEY OF CURRENT BUSINESS
Table 8.—Principal Sources of Service Input Prices
Source 2
Service input l
Agricultural services
IPD for agricultural services gross output.
Railroad transportation:
Dining car receipts, business travel
Rail freight transportation
Other railroad services
CPI for food away from home.
IPD for freight gross output.
IPD for freight gross output.
Local and interurban passenger transit:
Services from local private transit systems
Taxicabs
Other
IPD for local transit system gross output.
CPI for taxi fares.
Trucking and warehousing
Water transportation
IPD for intercity buses gross output.
IPD for trucking and warehousing gross output.
PPI's for water transportation.
Transportation by air:
Domestic passenger
International passenger
Freight and express
Other air services
IPD
IPD
IPD
IPD
Pipelines, except natural gas
IPD for pipelines, except natural gas gross output.
for
for
for
for
domestic passenger gross output.
international passenger gross output.
freight and express gross output.
transportation by air.
Transportation services:
Private carline services
Other
Telephone and telegraph:
Telephone
Telegraph services
Radio and television broadcasting
IPD for telephone gross output.
PPI for telephone services.
IPD for radio and television broadcasting gross output.
Electric, gas, and sanitary services:
Electric utilities
Gas pipeline
Gas utilities
Sanitary services
PPI
IPD
IPD
CPI
Wholesale trade:
Merchant wholesalers and agents and brokers
Manufacturers' sales offices and sales branches
IPD for merchant wholesalers and agents and brokers gross output.
IPD for manufacturers' sales offices and sales branches gross output.
Retail trade:
Eating and drinking
Other
IPD for eating and drinking gross output.
IPD for other retail trade gross output.
Depository institutions:
Imputed service charges
Other
Nondepository institutions:
Imputed service charges
Other
Security and commodity brokers:
Securities underwriting
Securities commissions
Services allied with exchange of securities
Other services
IPD for boxcar rental.
IPD for transportation services gross output.
for electric power.
for gas pipeline gross output.
for gas utility gross output.
for water and sewerage maintenance.
IPD for financial services furnished without payment by commercial
banks.
CPI for personal financial services.
IPD for financial services furnished without payment by savings and loan
associations.
CPI for personal financial services.
IPD for underwriting gross output.
IPD for securities commissions gross output.
IPD for security and commodity brokers gross output.
BEA price index for merger and acquisition fees for 1977-87; IPD for
GDP, 1988 forward.
Insurance carriers:
Automobile insurance
Nonlife insurance services, except automobile
Other
CPI for automobile insurance.
CPI for property and household insurance.
IPD for insurance carrier gross output.
Insurance agents and brokers, and services
IPD for insurance agents and brokers, and services gross output.
Real estate services:
Nonfarm business rental and property management
Farm rental
Rent paid by nonprofits
Royalties for oil and gas mining
Royalties, except oil and gas mining
Condominium association fees and assessments by cooperatives
Other
Rental rate per square foot from trade source.
IPD for rental value of farm housing PCE.
IPD for capital consumption allowance of nonprofit organizations.
IPD for oil and gas extraction gross output.
IPD for PCE.
CPI for home maintenance and repair services.
IPD for other real estate gross output.
Personal services:
Funeral and burial expenses
Other
CPI for funeral expenses.
CPI for laundry and dry cleaning.
Business services:
Advertising
Maintenance, cleaning, disinfecting, and exterminating
Cost indexes by type of media from trade sources.
CPI for home maintenance and repair services.
49
$0 • May 1993
SURVEY OF CURRENT BUSINESS
Table 8.—Principal Sources of Service Input Prices—Continued
Source 2
Service input l
Photofinishing
Other business services
Auto repair, services, and parking:
Repairs, tire retreading, parking, and washing
Other
Miscellaneous repair services:
Radio, TV, refrigeration and air conditioning, and electrical and
electronic repairs.
Other
Motion pictures services
Amusement and recreation services:
Sports, recreation, and amusements
Theatrical, dance, symphony, and spectator sports productions
IPD for film development PCE.
IPD for business services gross output.
CPI for automobile maintenance and repair.
CPI for other auto-related fees.
CPI for appliance and furniture repairs.
CPI for maintenance and repair.
CPI for admissions.
CPI for other entertainment services; BEA composite index of input
prices.
CPI for admissions.
Health services:
Physicians services
Other
CPI for physicians.
CPI for other medical professionals.
Legal services
CPI for legal services.
Education services:
Vocational schools, except high schools
Higher education and related services
IPD for commercial and vocational schools PCE.
IPD for private higher education PCE.
Social services
Average annual earnings from BLS.
Membership organizations:
Membership organization expenses
Business associations
Professional organizations
BEA composite index of input prices.
Average annual earnings from BLS.
BEA composite index of input prices.
Other services:
Noncommercial museums and art galleries
Accounting, auditing, and bookkeeping services
Other
IPD for other services gross output.
CPI for personal financial and legal services fees.
IPD for other services gross output.
Government enterprises:
Postal services
PPI's for seven types of services.
Imported services:
Rail freight transportation
Water transportation, n.e.c
Air transportation fares
PPI for railroad freight.
Charter prices from trade source.
BLS import price index for air passenger fares.
1. For this table, services consist of the primary outputs of (1) private businesses
in the agricultural services, transportation and public utilities, trade, finance, insurance, and real estate, and services industries as defined by the 1987 Standard Industrial Classification, and (2) similar services provided by government enterprises.
Prices for imported services are shown separately at the end of the table if they
differ from prices used for corresponding domestic services.
2. Sources of price indexes for gross output IPD's, except for other transportation,
other real estate, business services and for other services, are shown in table 4.
The IPD's for the gross output for these two industries were estimated from the
IPD's for GPO for these industries and from information on inputs from the inputoutput tables.
BEA
BLS
CPI
GDP
GPO
IPD
PCE
PPI
Bureau of Economic Analysis
Bureau of Labor Statistics
Consumer Price Index
Gross domestic product
Gross product originating
Implicit price deflator
Personal consumption expenditures
Producer Price Index
May 1993 •
SURVEY OF CURRENT BUSINESS
51
Table 9.—Gross Domestic Product by Industry in Current Dollars
[Billions of dollars]
Line
Gross domestic product
Private industries
Agriculture, forestry, and fisheries
Farms
Agricultural services, forestry, and fisheries ..
Mining
Metal mining .
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
3
i
1
6
8
9
1(
1977
1978
1980
1979
1981
1982
1983
1984
1985
1986
1987*
1987*
1988
1989
1990
1,974.1 2,232.7 2,488.6 2,708.0 3,030.6 3,149.6 3,405.0 3,777.2 4,038.7 4,268.6 4,539.9
4,539.9 4,900.4 5,250.8 5,522.2
1,716.1 1,954.6 2,180.9 2,370.2 2,661.7 2,769.0 2,979.9 3,340.4 3,570.8 3,755.3 4,019.4
4,019.4 4,344.0 4,622.2 4,842.7
54.4
47.2
7.2
63.3
54.7
8.6
74.6
64.5
10.1
66.7
56."
ioi>
81.1
69.c
112
77.0
65.'
11.9
62.7
49.2
13.6
83.7
68.5
152
84.3
67/
17.2
81.7
62.9
18^8
88.5
66.(
22.5
88.5
66.(
22^5
90.8
67.6
232
104.8
81.'
23.7
111.3
85.C
26.c
54.1
2.2
103
38.0
3.6
61.4
2.6
109
43.5
4/
71.2
3i
122
50.3
4.8
112.6
4/
13 6
89.1
5.5
148.1
4A
14J>
124.0
5.0
146.1
3.2
16 0
122.6
4\
127.9
3.C
13^
106.3
4.i
137.1
3.2
146
113.0
6.2
130.6
2.5
138
108.4
5.9
82.7
2.5
140
59.5
6.7
83.0
2.6
12 5
60.8
7.2
83.0
2.6
125
60.8
7.2
87.9
4i
12 5
632
7.<
84.2
5.2
129
58.8
lA
98.5
5.6
133
71.8
7.8
129.4
129.4
137.9
161.2
179.2
201.9
213.0
213.0
227.6
235.9
241.3
773.9
798.5
829.3
878.4
877.8
961.0 1,004.6 1,018.3
501.9
31.3
15.2
24.0
36.3
59.3
541.1
31.6
15.7
24.3
43.3
63.0
562.6
32.6
16.5
25.1
45.7
66.6
563.4
31.6
16.0
25.1
43.4
67.9
88.2
100.4
106.1
111.4
80.6
59.2
56.4
49.7
17.0
86.9
53.4
59.8
51.6
18.4
812
45.8
65.7
56.4
18.8
Construction
11
93.9
110.7
124.8
128.7
Manufacturing
12
466.8
521.9
575.7
588.3
653.0
647.5
693.3
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery, except electrical
Industrial machinery and equipment
Electric and electronic equipment
Electronic and other electric equipment
Motor vehicles and- equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
13
14
15
16
17
18
19
20
21
22
23
24
25
26
277.7
16.3
6.5
15.0
33.4
35.2
54.9
317.5
19.6
7.5
17.4
40.5
39.3
63.5
343.8
21.6
7.5
18.7
45.0
44.0
70.7
348.9
19.2
8.4
18.0
44.2
45.4
76.7
385.3
17.4
9.2
17.9
49.4
48.9
86.1
372.9
16.5
9.3
15.7
36.5
46.0
81.0
396.0
21.4
10.7
19.1
32.4
47.2
79.2
461.2
24.1
12.1
22.2
39.3
54.2
87.1
471.5
23.6
13.6
23.7
35.7
57.4
87.0
480.0
26.6
14.2
26.3
36.9
57.7
80.2
503.2
31.0
15.2
24.8
36.3
59.2
87.1
39.3
442
4&5
54.5
61.3
60.5
67"6
80.0
83.5
84.9
91.3
36.8
19.1
13.4
7.8
39.7
21.7
15.4
8.6
37.5
24.4
16.9
9.1
26.8
26.3
19.5
9.8
35.4
25.3
22.7
11.7
33.9
38.6
23.4
11.4
427
39.9
24.8
11.0
54.0
46.3
27.7
14.2
5&3
48.2
26.8
13.9
57.9
53.6
27.6
14.1
58.5
57.5
27.3
15.0
76.8
58.7
56.6
40.4
15.0
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products .
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products
Leather and leather products
27
28
29
30
31
32
33
34
35
36
37
189.1
42.7
5.6
13.0
14.8
17.9
24.4
39.2
13.9
14.5
3.0
204.5
44.8
6.3
14.0
16.2
19.6
27.5
41.9
14.9
15.8
3.3
231.9
47.8
6.7
14.6
17.1
21.8
31.5
45.5
26.0
17.3
3.6
239.4
51.8
7.1
14.8
17.3
22.8
32.7
47.6
24.3
17.0
4.1
267.7
57.9
8.0
15.7
18.5
24.8
35.1
55.7
28.4
19.3
4.4
274.6
63.0
7.3
15.0
18.7
26.3
38.3
56.6
25.5
19.6
4.3
297.3
65.1
10.3
17.1
20.4
27.4
42.5
62.0
26.1
22.4
4.1
312.7
69.8
10.4
17.6
21.0
31.4
47.5
64.7
21.6
24.8
3.8
327.0
71.7
11.2
17.3
21.0
32.9
52.5
67.0
23.5
26.4
3.6
349.3
73.7
13.0
19.1
22.4
35.0
56.7
73.5
25.8
27.0
3.1
375.2
78.9
13.0
20.3
22.6
38.7
61.0 !
82.3
25.9
29.0
3.5
375.9
78.9
13.0
20.3
22.6
38.5
61.0
82.3
25.9
29.9
3.5
419.9
82.8
13.9
20.5
23.5
44.1
65.1
94.4
40.7
31.1
3.8
442.0
87.7
14.2
21.1
25.3
47.1
70.5
99.6
38.5
34.0
3.9
454.9
94.5
16.6
22.0
24.6
46.5
72.2
103.1
36.7
34.3
4.3
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
38
39
40
41
42
43
44
45
46
47
48
49
50
179.2
76.3
15.6
4.0
30.8
4.9
13.8
2.7
4.4
50.0
44.8
5.2
52.9
202.2
86.9
17.3
4.4
35.2
5.5
15.5
3.8
5.1
56.7
50.6
6.1
58.6
219.1
96.7
19.2
4.7
38.9
6.6
16.4
5.1
5.8
61.6
54.9
6.6
60.9
242.2
102.9
20.6
5.3
40.3
7.2
18.1
5.2
6.3
68.9
61.7
7.2
70.4
273.3
110.6
21.9
5.4
42.5
7.9
18.6
6.1
8.2
79.2
70.8
8.4
83.5
292.1
108.9
19.1
5.7
42.3
7.4
19.0
7.2
8.4
88.6
78.9
9.6
94.7
326.7
118.4
20.4
6.0
45.2
7.7
23.0
7.3
8.9
98.5
88.0
10.4
109.8
358.8
131.8
22.8
7.1
50.4
8.0
26.7
6.5
10.3
104.8
92.4
12.4
122.2
378.0
136.0
22.2
7.4
53.6
8.3
27.2
6.1
11.2
112.6
100.2
12.4
129.4
393.8
141.8
21.6
8.3
58.4
8.1
29.4
4.7
11.4
120.0
107.9
12.1
132.0
419.9
152.8
21.7
8.7
61.0
8.0
35.1
5.2
13.1
127.6
113.7
13.9
139.5
419.8
152.7
21.7
8.7
61.0
8.0
35.1
5.2
13.1
127.6
111.2
16.4
139.5
442.1
163.7
22.9
8.8
65.8
9.0
38.6
4.4
14.3
135.1
116.0
19.0
143.4
463.3
168.9
20.8
9.5
69.9
9.7
38.6
4.3
16.2
139.9
118.4
21.5
154.5
.481.9
175.4
21.5
9.9
72.0
9.9
40.2
4.6
17.3
146.2
123.0
23.2
160.4
Wholesale trade
51
137.9
157.1
178.6
191.6
212.7
216.5
223.6
258.4
276.6
290.9
302.6
303.1
331.0
351.6
359.7
Retail trade
52
190.4
214.9
233.2
244.7
269.3
286.6
321.1
361.3
390.9
418.7
440.1
441.8
471.7
502.5
515.8
Finance insurance, and real estate
Banking
Depository institutions
Credit agencies other than banks
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service
Real estate
Nonfarm housing services
Other real estate
Holding and other investment offices
53
54
55
56
57
58
59
60
61
62
63
64
283.6
33.4
328.6
40.7
370.8
49.1
418.4
56.0
469.6
60.5
503.9
71.0
565.3
78.7
619.0
88.1
681.8
100.5
743.5
106.6
809.9
118.7
809.7
866.3
926.5
974.7
134.7
136.7
145.4
152.0
7.3
28.9
11.3
195.1
139.4
55.7
1.2
9.1
33.9
12.2
221.8
156.0
65.8
1.7
10.0
35.1
13.1
252.5
176.1
76.5
1.1
12.4
36.9
14.6
288.6
205.1
83.5
3.2
14.1
34.7
15.8
326.6
234.5
92.1
11.4
15.6
31.7
17.3
354.1
257.4
96.7
11.0
22.4
35.6
18.3
385.3
273.7
111.5
13.3
21.4
36.7
20.2
427.5
297.0
130.5
12.0
24.2
39.1
22.2
459.7
322.4
137.2
17.6
28.5
47.1
25.4
484.8
344.1
140.6
27.0
37.8
51.2
30.1
521.3
368.9
152.4
16.9
174
37.9
51.2
30.2
521.5
368.9
152.6
16.9
18 6
35.2
65.3
33.2
568.1
396.8
171.4
9.3
198
40.4
68.9
34.0
609.5
423.8
185.6
8.4
222
37.3
65.0
38.9
641.3
449.6
1917
18.2
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures .
Amusement and recreation services
Health services ..
Legal services ..
Educational services
Social services and membership organizations
Miscellaneous professional services
Other services ..
Private households
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
255.7
12.9
13.5
42.9
13.3
5.8
4.4
10.5
75.4
16.9
12.2
18.7
23.3
294.6
15.7
15.2
50.4
16.0
6.8
6.1
11.7
85.4
18.8
13.2
21.3
27.4
333.0
17.9
16.3
59.9
18.2
7.6
6.1
13.0
96.0
21.3
14.5
23.5
32.3
377.0
19.6
17.5
69.3
19.1
8.9
6.0
14.2
111.5
24.9
16.4
26.1
37.3
425.1
22.2
18.4
80.2
20.5
9.2
6.3
15.6
128.4
27.9
18.0
28.3
44.0
469.8
23.9
19.7
90.9
21.7
9.5
7.3
16.9
145.9
32.9
19.9
30.3
44.7
521.3
26.9
21.8
104.8
24.7
10.6
7.7
18.8
159.4
37.1
21.7
32.7
48.7
586.9
30.9
24.1
124.5
28.3
12.7
8.8
20.0
171.8
43.6
24.0
35.6
55.4
650.9
35.7
27.9
143.3
33.3
12.2
9.9
22.6
186.2
48.0
25.9
38.1
60.5
712.8
38.8
30.4
158.6
36.2
13.6
11.3
24.7
201.2
55.9
27.4
41.6
65.3
784.0
42.6
32.2
174.6
38.2
13.7
12.9
27.4
228.9
61.1
30.4
45.7
68.8
782.5
42.6
31.0
141.6
38.2
13.7
13.7
28.1
228.9
61.1
30.3
45.7
865.5
452
342
162.2
41.1
15.1
13.8
30.4
248.5
68.7
33.4
50.8
............
5.'9
6.5
6"4
6.'i
62
6l
63
7"3
7.3
77
77
"Too.o
7.7
8.3
6.6
9.2
9.9
6.7
6.6
3.2
11.7
13.0
18.5
24.2
34.0
948.8 1,041.0
49.3
51.3
35.4
36.1
175.5
194.1
42.9
46.4
16.3
17.2
17.4
17.6
34.6
39.9
273.0
302.1
73.0
79.2
36.3
39.0
56.0
60.7
'"130.3
8.9
148.1
9.4
80
247.1
270.5
293.9
324.2
358.1
388.0
415.0
445.9
481.8
512.1
545.3
545.3
584.8
627.6
674.1
Federal
General government
Government enterprises
81
82
83
89.5
75.6
13.9
97.8
81.8
16.0
104.7
87.1
17.6
115.4
96.3
19.1
131.2
107.7
23.5
141.8
117.3
24.5
150.7
125.0
25.7
159.9
132.2
27.7
170.9
140.3
30.6
175.7
143.7
32.0
185.4
151.4
34.0
185.4
151.4
34.0
196.6
159.8
36.8
207.8
169.1
38.8
220.6
180.3
40.3
State and local
General government
Government enterprises
84
85
86
157.7
145.0
12.7
172.7
158.9
13.9
189.2
174.8
14.5
208.8
193.5
15.3
226.8
210.7
16.1
246.2
228.5
17.7
264.4
243.9
20.4
286.0
261.9
24.1
310.9
283.2
27.6
336.4
305.9
30.4
360.0
327.3
32.7
360.0
327.3
32.7
388.2
351.9
36.3
419.7
379.8
40.0
453.6
411.4
422
87
10.9
7.6
13.8
13.6
10.9
-7.4
10.2
-9.0
-13.9
1.2
-24.8
-24.8
-28.4
1.1
5.4
Government
Statistical discrepancyx
1. Equals GDP measured as the sum of expenditures less gross domestic income—that is, GDP measured as
the costs incurred and profits earned in domestic production.
* Estimates for the year 1987 are shown on the basis of both the 1972 and 1987 Standard Industrial Classification
(SIC). The estimate based on the 1972 SIC is shown first and is comparable with estimates back to 1977; the
estimate based on the 1987 SIC is shown second and is comparable with estimates after 1987.
52 • May 1993
SURVEY OF CURRENT BUSINESS
Table 10.—Revisions in Gross Domestic Product by Industry in Current Dollars for Selected Years
[Billions of dollars]
1977
Line
Gross domestic product
Previously
published
Revised
1,965.1
1,974.1
1,717.7
1,716.1
Agriculture, forestry, and fisheries
Farms
Agricultural services, forestry, and fisheries
58.9
50.4
8.5
54.4
47.2
7.2
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
50.2
1.9
9.6
34.9
3.8
54.1
Construction
97.9
Private industries
1982
Previously
published
Revision
2.2
10.3
38.0
3.6
9.0
Revised
Revision
4,486.7
4,539.9
53.2
5,163.2
5,250.8
87.6
38.0
3,962.4
4,019.4
57.0
4,561.0
4,622.2
61.2
-4.5
-3.2
-1.3
89.6
77.0
12.6
77.0
65.1
11.9
-12.6
100.7
78.8
21.9
88.5
66.0
22.5
-12.2
-8.7
-12.8
.6
113.5
88.6
24.9
104.8
-11.9
-.7
81.1
23.7
-7.5
-1.2
3.9
.3
.7
132.1
2.3
15.1
110.2
146.1
3.2
16.0
122.6
14.0
76.8
83.0
84.2
3.9
2.4
13.2
54.0
7.2
2.6
12.5
60.8
7.2
6.2
,2
-.7
6.8
0
80.3
.9
.9
12.4
3.6
13.6
55.7
7.4
5.2
12.9
58.8
7.4
1.6
-.7
3.1
0
-11.5
219.2
213.0
-6.2
247.7
235.9
-11.8
12.9
875.5
878.4
2.9
966.0
1,004.6
38.6
10.4
.5
-.2
-2.5
503.2
31.0
15.2
24.8
36.3
59.2
87.1
3.3
1.6
-.1
-.9
.2
-1.2
-1,8
541.0
32.2
16.0
26.3
44.4
68.0
97.3
562.6
32.6
16.5
25.1
45.7
66.6
21.6
.4
.5
-1.2
1.3
-1.4
3.1
-.2
4.5
4.3
140.9
129.4
634.6
362.5
16.0
9.5
18.2
35.3
46.3
80.0
647.5
372.9
16.5
9.3
15.7
36.5
46.0
81.0
1.0
499.9
29.4
15.3
25.7
36.1
60.4
88.9
61.8
60.5
-1.3
89.6
91.3
1.7
96.9
4.4
6.4
.8
.3
52.5
59.9
26.8
15.1
58.5
57.5
27.3
15.0
6.0
-2.4
.5
-.1
50.1
62.2
30.5
17.1
86.9
53.4
59.8
51.6
18.4
2.5
1.6
375.7
75.1
14.1
20.1
22.5
40.2
61.1
80.9
29.6
28.9
3.3
375.2
78.9
13.0
20.3
22.6
38.7
61.0
82.3
25.9
29.0
3.5
-.5
3.8
-1.1
.2
.1
-1.5
-.1
1.4
-3.7
.1
.2
425.0
81.5
16.1
20.8
24.6
46.8
68.2
98.8
33.7
31.1
3.5
442.0
87.7
14.2
21.1
25.3
47.1
70.5
99.6
38.5
34.0
3.9
17.0
6.2
-1.9
.3
.7
.3
2.3
.8
4.8
3.7
-1.9
413.9
460.9
171.5
20.9
8.3
66.0
463.3
168.9
20.8
7.9
34.7
3.8
12.3
122.8
419.9
152.8
21.7
8.7
61.0
8.0
35.1
5.2
13.1
127.6
6.0
-1.1
2.4
-2.6
-.7
0
-3.0
1.2
9.6
94.7
.1
-.3
-4.3
0
0
2.3
.6
3.0
1.6
1.3
2.7
109.6
13.1
113.7
13.9
137.2
139.5
39.5
39.3
35.8
19.0
13.2
8.0
36.8
19.1
13.4
7.8
1.0
.1
.2
-.2
29.5
32.2
22.6
11.1
33.9
38.6
23.4
11.4
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products
Leather and leather products
187.7
42.7
189.1
42.7
1.4
0
5.7
14.0
14.5
18.0
23.3
37.5
14.5
14.4
3.0
5.6
13.0
14.8
17.9
24.4
39.2
13.9
14.5
3.0
-.1
-1.0
.3
-.1
1.1
1.7
-.6
272.1
61.4
8.9
14.8
18.9
26.7
38.4
55.3
24.4
19.3
4.1
274.6
63.0
7.3
15.0
18.7
26.3
38.3
56.6
25.5
19.6
4.3
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
178.9
77.0
15.5
4.4
32.3
4.9
13.7
2.1
4.1
48.8
44.0
4.7
53.1
179.2
76.3
15.6
4.0
30.8
4.9
13.8
2.7
4.4
50.0
44.8
5.2
52.9
-.4
-1.5
0
.1
.6
.3
1.2
.8
.5
-.2
288.4
110.8
19.0
6.0
46.6
7.4
19.0
292.1
108.9
19.1
5.7
42.3
7.4
19.0
7.2
8.4
88.6
78.9
Wholesale trade
0
.4
-.2
-.3
-.1
-.2
-.5
1.2
-.3
106.1
.1
0
.3
_
-I
A
4.9
7.8
85.6
77.3
8.3
92.0
-1.6
.2
-.2
-.4
-.1
1.3
1.1
.3
.2
139.8
137.9
-1.9
219.0
216.5
-2.5
Retail trade
193.0
190.4
-2.6
287.5
286.6
-.9
Finance, insurance, and real estate
280.3
31.0
283.6
33.4
3.3
2.4
475.1
59.8
503.9
71.0
28.8
11.2
4.7
6.6
1.9
5.4
3.2
5.7
28.5
11.0
198.7
137.1
61.7
.6
7.3
28.9
11.3
195.1
139.4
55.7
1.2
1.6
.4
.3
-3.6
2.3
-6.0
.6
253.4
12.7
14.2
42.1
14.8
5.9
4.2
9.8
73.6
15.6
12.1
18.7
23.8
255.7
12.9
13.5
42.9
13.3
5.8
4.4
10.5
75.4
16.9
12.2
18.7
23.3
2.3
.2
-.7
.8
-1.5
5.9
5.9
247.4
247.1
Federal
General government
Government enterprises
89.8
89.5
75.6
13.9
State and local
General government
Government enterprises
157.7
Government
Statistical discrepancy1
75.5
14.2
145.0
12.7
157.7
145.0
12.7
10.9
1. Equals GDP measured as the sum of expenditures less gross domestic income—that is, GDP measured as
the costs incurred and profits earned in domestic production.
Revision
34.8
277.7
16.3
6.5
15.0
33.4
35.2
54.9
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
Educational services
Social services and membership organizations
Miscellaneous professional services
Other services
Private households
Revised
2,769.0
277.7
15.9
6.7
15.3
33.5
35.4
55.4
Banking
Previously
published
3,149.6
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery, except electrical
Industrial machinery and equipment
Electric and electronic equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Depository institutions
Credit agencies other than banks
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service
Real estate
Nonfarm housing services
Other real estate
Holding and other investment offices
Revision
2,731.0
466.8
.
Revised
3,114.8
465.3
Manufacturing
1987
Previously
published
153.9
294.8
302.6
426.4
440.1
761.6
88.7
809.9
118.7
-2.2
18.0
2.5
1.9
.3
11.4
13.6
-2.2
3.8
21.5
9.5
72.9
-5.0
.1
.4
1.4
.8
4.8
4.1
.8
2.3
133.7
117.3
16.4
155.6
7.8
339.5
8.5
40.0
4.1
15.0
13.7
9.5
69.9
9.7
38.6
4.3
16.2
139.9
118.4
21.5
154.5
351.6
502.5
48.3
30.0
896.7
119.4
34.0
16.0
20.5
35.8
55.4
30.6
517.3
371.8
145.5
15.9
37.8
51.2
30.1
521.3
368.9
152.4
16.9
2.0
-4.2
-.5
4.0
-2.9
6.9
43.8
60.4
37.4
607.1
431.2
175.9
8.1
793.6
36.0
34.0
784.0
42.6
32.2
174.6
38.2
13.7
12.9
27.4
228.9
61.1
30.4
45.7
68.8
-9.6
6.6
-1.8
-5.5
-.1
-14.8
926.5
3.3
-2.4
1.3
2.9
.4
-1.4
.2
1.2
6.2
1.1
5.1
-1.1
12.1
16.5
29.8
145.4
19.8
40.4
68.9
34.0
609.5
423.8
185.6
8.4
-3.4
8.5
-3.4
2.4
-7.4
9.7
.3
970.5
44.5
43.0
222.9
43.6
16.9
14.7
29.8
948.8
-21.7
49.3
35.4
4.8
-7.6
273.3
75.2
35.5
56.0
273.0
73.0
36.3
56.0
13.1
15.6
29.8
17.0
342.7
243.8
31.7
17.3
354.1
257.4
98.9
7.2
96.7
11.0
463.6
21.7
21.3
90.7
23.5
9.6
6.3
15.1
142.0
30.6
19.1
30.5
45.7
469.8
23.9
19.7
90.9
21.7
9.5
7.3
16.9
145.9
32.9
19.9
30.3
44.7
6.2
2.2
-1.6
.2
-1.8
-.1
-1.0
180.1
38.1
13.8
12.5
24.8
226.1
60.0
29.5
45.8
83.6
7.6
6.3
-1.3
9.1
7.7
-1.4
10.3
130.3
8.9
-.3
383.9
388.0
4.1
534.8
545.3
10.5
619.3
627.6
8.3
-.3
.1
-.3
139.2
117.0
22.2
141.8
117.3
24.5
2.6
.3
2.3
181.9
150.8
31.0
185.4
151.4
34.0
3.5
.6
3.0
208.2
168.6
39.7
207.8
169.1
38.8
-.4
.5
-.9
0
0
244.7
226.9
17.9
246.2
228.5
17.7
1.5
1.6
-.2
352.9
360.0
327.3
32.7
7.1
6.2
.8
411.1
373.0
38.1
419.7
379.8
40.0
8.6
321.1
31.9
-.1
-7.4
-7.3
-10.6
-24.8
-14.2
-17.0
1.1
18.1
-.1
.2
.7
1.8
1.3
.1
0
-.5
0
0
10.9
1.0
1.8
3.9
2.3
.8
-.2
1.0
.1
-.1
A
2.6
2.8
1.1
.9
175.5
42.9
16.3
17.4
34.6
-.7
-.6
2.7
4.8
-.3
-2.2
104.9
-1.4
6.8
1.9
NOTE.— In this table, revised estimates for 1987 and previously published estimates for 1987 and 1989 are based
on the 1972 Standard Industrial Classification (SIC); revised estimates for 1989 are based on the 1987 SIC. Revisions are not shown for those industries with 1987 and 1972 SIC definitions that are significantly different.
SURVEY OF CURRENT BUSINESS
May 1993 •
53
Table 11.—Indexes of Real Gross Domestic Product by Industry and Annual Rates of Change for Selected Years 1
Average annual rates of change (percent)
Index numbers, 1987=100
I ino
Line
1977
1982
1987
1988
1989
1990
1977-90
1977-82
1982-90
1
75.5
82.3
100.0
103.9
106.6
107.4
2.7
1.7
3.4
2
75.1
80.8
100.0
104.2
106.7
107.3
2.8
1.5
3.6
3
4
5
71.9
81.5
43.6
82.8
91.2
58.2
100.0
100.0
100.0
96.1
95.7
97.2
99.4
100.3
96.7
106.4
106.8
105.2
3.1
2.1
7.0
2.8
2.3
6.0
3.2
2.0
7.7
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
6
7
8
9
10
100.6
63.7
76.1
108.0
93.3
88.0
98.8
88.9
89.7
67.2
100.0
100.0
100.0
100.0
100.0
113.7
169.3
110.5
113.6
99.6
100.8
208.5
118.6
92.5
101.5
105.6
228.5
124.5
96.3
105.9
.4
-2.6
2.3
10.2
8.9
3.2
11.0
Construction
11
89.6
77.4
100.0
99.1
99.9
Manufacturing
12
78.0
78.9
100.0
105.3
106.2
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery, except electrical
Industrial machinery and equipment
Electric and electronic equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
13
14
15
16
17
18
19
20
21
22
23
24
25
26
76.7
74.5
74.7
105.8
138.9
92.1
53.6
75.5
62.5
73.1
73.2
103.5
83.2
68.2
107.0
96.9
99.8
104.3
95.0
104.4
108.2
94.0
101.2
108.2
91.7
103.0
106.6
91.8
93.6
108.1
96.8
99.4
2.6
1.6
1.8
.2
110.3
116.2
115.6
59.7
74.5
115.8
62.9
82.5
85.5
67.2
77.6
91 7
78.2
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100 0
100.0
110.2
107.2
103.1
123 3
113.2
1183
96.2
107.8
122.7
115.4
114.5
81.8
113.7
130.4
113.6
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products
Leather and leather products
27
28
29
30
31
32
33
34
35
36
37
79.8
79.0
127.9
78.3
84.3
83.9
81.5
80.5
66.6
61.5
150.8
83.8
94.3
122.1
80.7
83.3
80.8
87.8
75.8
76.0
67.2
132.4
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
103.1
104.4
93.5
98.6
104.0
103.1
103.5
101.1
114.7
100.5
106.7
103.6
100.8
79.8
102.9
109.2
102.5
105.0
102.2
117.3
107.7
107.2
103.2
103.2
76.6
104.7
104.8
109.5
102.0
106.9
87.9
108.7
110.5
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
38
39
40
41
42
43
44
45
46
47
48
49
50
74.9
76.7
74.0
114.6
86.3
107.4
48.6
116.4
51.8
57.6
53.3
92.8
88.6
78.9
75.6
71.7
84.1
75.5
112.6
61.3
128.8
71.1
79.1
76.5
100.2
82.3
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
102.8
98.3
106.5
93.1
94.7
96.5
99.2
91.9
105.9
105.9
105.2
110.3
104.8
105.5
101.3
101.9
100.4
99.5
98.3
101.6
96.3
112.5
106.3
104.5
118.6
109.3
108.6
105.3
108.4
100.8
99.5
101.2
113.8
92.8
115.1
110.0
109.0
116.8
110.9
Wholesale trade
51
56.2
72.1
100.0
103.4
108.7
Retail trade
52
72.2
76.5
100.0
105.7
Finance, insurance, and real estate
Banking
Depository institutions
Credit agencies other than banks
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service
Real estate
Nonfarm housing services
Other real estate
Holding and other investment offices
53
54
73.7
78.1
87.5
95.2
55
56
57
58
59
60
61
62
63
64
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
Services ...
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
Educational services
Social services and membership organizations
Miscellaneous professional services
Other services
Private households
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
753
793
80.3
59.4
60.4
76.9
75.3
81.3
74.3
64.0
90.9
77.6
77.5
90.2
85.6
86.5
83.3
79.0
117^8
80
Federal
General government
Government enterprises
State and local
General government
Government enterprises
Gross domestic product
Private industries
Agriculture, forestry, and fisheries
Farms ..
Agricultural services, forestry, and fisheries
Government .
Addendum:
Gross domestic product with fixed 1987 weights
529
65.1
318
105.1
71.0
74.6
74.6
74.6
53.4
472
104.3
85.1
89.2
92.1
82.2
69.1
68.7
78.2
88.1
45 5
80.3
74.2
82.4
64 8
-3.7
-6.5
97.8
.7
-2.9
3.0
105.1
2.3
.2
3.6
-.3
4.4
4.9
3.1
5.0
-.8
2.2
-2.7
.6
-3.5
-.4
-7.1
-5.7
-2.0
4.9
4.5
2.5
4.9
-2.6
-10.3
4.7
4.3
2.1
2.2
-1.8
4&
2.0
2.1
1.0
3.6
-.9
.6
-.2
-.8
1.5
2.6
1.1
-3.9
2.3
1.7
2.1
1.7
2.2
2.2
4.5
-5.7
2.7
1.8
3.3
2.9
3.9
1.9
4.4
1.8
6.2
-2.4
-2.6
-2.2
2.9
2.5
3.0
1.1
-.3
-.6
-1.0
-5.9
-2.6
4.1
4.2
5.3
2.2
3.5
1.1
-.5
6.8
-1.7
-1.2
.9
4.8
1.9
6.5
6.6
7.5
1.5
-1.3
8.0
-3.8
6.3
5.1
5.5
3.1
1.7
-1.5
6.2
4.2
4.2
4.1
3.8
106.6
5.1
5.1
5.0
109.5
108.2
3.2
1.2
4.5
104.6
107.3
107.2
2.9
3.5
4.1
2.6
100.0
100.6
100.4
100.3
96.2
118.8
103.5
105.3
102.6
112.0
103.1
99.7
110.1
129.2
102.2
107.4
104.4
114.8
103.1
104.1
105.4
112.3
108.9
108.6
105.8
115.3
108.9
4.2
9.1
.5
3.4
2.9
2.7
3.4
5.7
6.9
-.1
3.7
3.6
4.3
2.0
5.4
10.5
3.8
2.2
.6
3.1
-1.0
-1.4
4.2
4.3
1.9
1.0
3.2
2.5
1.8
4.3
5.8
104.0
101.3
106.1
107.6
102.9
109.2
95.0
103.4
100.4
108.0
104.0
109.8
108.2
106.4
103.9
115.3
100.1
116.6
109.9
111.6
101.7
107.9
106.3
119.1
111.5
103.9
99.2
121.7
102.6
117.7
102.7
122.3
103.8
107.7
108.6
125.0
2.4
3.0
4.9
5.8
2.3
2.8
2.3
4.1
3.3
3.3
4.4
6.2
1.8
2.9
2.9
5.2
103.0
106.6
73
1.0
2.4
5.6
5.1
3.2
2.6
1.2
2.3
4.3
85"2
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100 0
100.0
111.4
112.7
119.6
114.4
-.3
-6.2
3.7
87.2
93.0
100.0
101.9
104.0
106.7
1.6
1.3
1.7
81
82
83
92.6
90.5
102.1
95.1
94.1
99.5
100.0
100.0
100.0
101.6
101.4
102.4
102.5
101.9
105.1
104.3
103.2
109.1
.9
1.0
.5
.5
.8
-.5
1.2
1.2
1.2
84
85
86
84.4
85.1
77.7
91.9
92.2
89.2
100.0
100.0
100.0
102.1
102.0
103.2
104.7
104.7
105.0
107.9
108.0
106.9
1.9
1.8
2.5
1.7
1.6
2.8
2.0
2.0
2.3
87
77.8
82.8
100.0
103.9
106.6
107.4
2.5
1.3
3.3
1. For 1977 and 1982, indexes for GDP and for manufacturing are the benchmark-years-weighted measures.
Indexes for nonmanufacturing industries for all years and for 1988 to 1990 for GDP and manufacturing are the
fixed-weighted measures. See the box on page 36 for additional information.
4.3
.9
5.9
3.9
-.9
1.0
NOTE.— Indexes for 1977 and 1982 are calculated using the 1987 value based on the 1972 Standard Industrial
Classification (SIC). Indexes for 1988-90 are calculated using the 1987 value based on the 1987 SIC. Rates of
change are not shown for those industries with 1987 and 1972 SIC definitions that are significantly different.
SURVEY OF CURRENT BUSINESS
54 • May 1993
Table 12.—Gross Domestic Product by Industry in Constant Dollars, Fixed 1987 Weights]
[Billions of 1987 dollars]
Gross domestic product
Private industries
Agriculture, forestry, and fisheries
Farms
Agricultural servicGS, forestry and fisheries
1977
1984
1987*
1987*
1 3,533.3 3,703.5 3,796.8 3,776.3 3,843.1 3,760.3 3,906.6 4,148.5 4,279.8 4,404.5
4,539.9
2 3,017.3 3,169.7 3,238.1 3,202.7 3,272.6 3,246.3 3,361.8 3,620.4 3,759.2 3,871.2
3
63.7
59.2
72.7
68.4
62.4
63.2
73.3
71.5
81.9
84.5
4
50.4
53.8
48.2
53.7
64.2
51.0
60.8
60.2
55.1
64.3
5
11.1
9.8
12.0
12.2
14.8
16.4
17.7
20.2
11.9
13.1
4,019.4
Line
1978
1979
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
6
7
8
9
10
83.5
85.0
71.9
1.7
9.5
1.6
8^5
6.7
1.5
8.9
671
7.5
Construction
11
190.8
198.8
Manufacturing
65.7
1980
79.9
1981
74.2
1982
73.1
1983
71.3
82.0
1985
83.3
1986
83.0
1988
1989
1990
4,539.9
4,718.6
4,838.0
4,877.5
4,019.4
4,188.0
4,288.8
4,311.4
88.3
66.0
22.5
88.5
66.0
22.5
85.1
63.2
21.9
88.0
66.2
21.8
94.2
70.5
23.7
83.0
83.0
94.4
83.7
87.7
1.6
2.5
2.6
2.7
2.8
2.5
2.9
2.6
2.6
4.4
5.4
6.0
10.1
61.8
10.3
56.1
11.1
54.5
10.2
52 9
11.5
60.9
11.3
63 2
13.0
60.2
12.5
60 8
12.5
60 8
13.8
14.8
56.2
15.6
58.6
7.0
6.4
5.3
4.8
5.4
6.8
6.3
6.9
7.2
7.2
691
7.1
7.3
7.6
200.3
185.4
174.7
164.9
170.0
190.9
209.0
209.1
213.0
213.0
211.2
212.8
208.5
54 7
12
741.6
773.1
777.1
725.4
746.7
711.1
733.8
791.4
810.5
819.1
878.4
877.8
924.6
932.4
922.8
Durable goods
Lumber and wood products
Furnilure and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery except electrical
Industrial machinery and equipment
Electric and electronic equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
13
14
15
16
17
18
19
20
21
22
23
24
25
26
440.9
23.1
11.1
25.8
54.7
52.7
81.8
460.9
23.3
12.0
26.8
58.0
54.9
85.0
458.0
23.4
11.1
26.7
54.1
57.3
85.9
424.3
21.6
11.6
23.8
49.2
54.6
81.2
429.7
19.5
11.8
22.3
51.0
55.2
81.6
392.4
19.3
11.0
18.2
38.0
49.1
69.4
402.5
22.5
12.3
22.0
32.3
50.6
66.8
458.4
25.3
13.5
23.9
37.7
56.4
73.7
468.1
24.9
14.3
24.5
35.3
57.6
77.9
471.5
27.5
14.3
25.9
38.5
56.4
74.6
503.2
31.0
15.2
24.8
36.3
59.2
87.1
501.9
31.3
15.2
24.0
36.3
59.3
537.0
30.3
15.2
25.1
34.5
61.9
543.0
29.4
15.4
26.0
33.3
61.1
535.0
28.7
14.2
26.0
35.1
59.0
88.2
97.3
102.6
102.0
54.1
60.1
64.3
69.8
72.7
66.9
70.6
80.4
83.4
83.8
91.3
66.7
35.3
22.1
13.6
68.1
36.5
23.1
13.2
60.5
38.2
24.3
12.1
39"8
38.3
24.2
10.4
45.0
32.3
26.1
12.2
39.4
44.2
25.3
11.6
47.2
41.8
26.1
10.2
59.3
45.5
27.9
14.7
62.8
46.7
26.7
14.1
58.0
51.2
27.3
14.0
58.5
57.5
27.3
15.0
76.8
58.7
56.6
40.4
15.0
84.6
63.0
58.3
49.8
17.0
90.8
56.5
61.0
49.6
17.3
87.9
48.1
64.3
52.7
17.1
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Appaiel and other textile products
Papei and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products
Leather and leather products
27
28
29
30
31
32
33
34
35
36
37
300.7
56.6
18.9
17.0
18.7
32.8
49.1
65.1
21.0
16.5
312.2
60.9
19.9
17.3
20.5
33.9
51.5
67.7
17.6
17.8
319.2
62.4
19.8
17.8
21.5
33.5
54.5
65.1
21.1
18.9
301.1
64.3
19.7
17.3
20.4
30.9
52.7
57.5
15.0
18.5
317.1
65.9
20.9
17.2
19.9
31.0
53.6
62.0
21.4
20.4
318.7
73.3
17.3
16.3
18.6
31.9
53.8
63.8
19.6
19.4
331.3
72.2
15.7
18.1
20.4
34.4
54.9
68.1
21.7
21.3
333.0
71.2
14.7
18.3
21.0
35.4
57.4
66.4
20.6
24.2
342.4
74.7
14.4
18.0
20.9
35.7
58.9
67.0
23.3
26.1
347.7
73.1
14.5
19.3
21.9
36.9
58.6
74.8
19.4
26.0
375.2
78.9
13.0
20.3
22.6
38.7
61.0
82.3
25.9
29.0
375.9
78.9
13.0
20.3
22.6
38.5
61.0
82.3
25.9
29.9
387.6
82.4
12.2
20.0
23.5
39.7
63.1
83.2
29.7
30.0
389.4
79.5
10.4
20.9
24.7
39.5
64.1
84.1
30.4
32.2
387.8
81.4
10.0
21.2
23.7
42.2
62.2
88.0
22.8
32.5
4.9
5.1
4.5
4.8
4.7
4.6
4.2
4.0
3.6
3.2
3.5
3.5
3.7
3.7
3.9
Transportation and public utilities
Transportation
Railroad transportation
Local and mterurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
38
39
40
41
42
43
44
45
46
47
48
49
50
314.3
117.2
16.1
325.1
121.2
17.6
335.5
126.2
18.2
336.3
120.2
18.5
337.1
116.5
17.9
331.3
115.5
15.6
351.7
127.3
17.3
377.6
136.6
19.6
381.8
137.4
19.6
386.9
142.6
19.5
419.9
152.8
21.7
419.8
152.7
21.7
431.5
150.1
23.1
443.0
154.7
22.1
456.0
160.9
23.5
Wholesale trade
51
170.1
185.8
Retail trade
52
318.0
338.1
Finance, insurance, and real estate
Banking
Depository institutions
Credit agencies other than banks
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service
Real estate
Nonfarm housing services
Other real estate
Holding and other investment offices
53
54
55
56
57
58
59
60
61
62
63
64
596.5
92.6
631.0
96.9
667.4
102.3
9.0
9.4
Services .
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
Educational services
Social services and membership organizations
Miscellaneous professional services
Other services
Private households
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
538.9
33.3
28.4
79.5
28.9
11.0
9.9
9.6
9.5
8.5
7.7
7.3
7.4
8.3
8.3
8.6
8.7
8.7
8.1
8.7
8.7
52.7
52.5
53.5
50.8
47.1
46.1
52.2
57.2
58.2
59.5
61.0
61.0
57.8
60.7
60.7
8.6
9.2
9.3
9.3
9.7
9.0
8.5
8.6
8.4
8.2
8.0
8.0
7.7
7.8
8.1
17.0
20.0
21.7
19.2
19.1
21.5
25.5
26.5
25.5
30.2
35.1
35.1
34.8
35.6
39.9
6.1
6.8
4.5
7.8
5.7
8.3
5.3
8.7
5.9
9.0
6.7
9.3
73.5
60.6
12.9
123.7
80.7
67.2
13.5
123.2
86.2
72.6
13.5
123.1
94.4
80.9
13.5
121.6
98.7
85.0
13.7
121.9
195.8
190.5
334.8
320.1
692.8
107.1
18.0
19.7
20.9
21.4
6.3
5.4
5.4
4.3
5.2
5.2
4.8
5.0
4.9
101.0
87.0
13.9
114.9
10.0
107.6
93.6
14.0
116.8
11.0
116.3
101.7
14.6
124.7
12.0
115.8
102.5
13.3
128.6
12.5
117.8
105.6
12.2
126.5
13.1
127.6
113.7
13.9
139.5
13.1
127.6
111.2
16.4
139.5
13.8
135.1
117.0
18.1
146.3
14.7
135.7
116.2
19.5
152.6
15.0
140.4
121.2
19.2
154.8
207.5
218.2
224.2
259.5
273.0
307.1
302.6
303.1
313.4
329.4
323.1
330.6
336.8
365.1
397.7
421.4
453.2
440.1
441.8
467.0
483.7
478.0
704.7
111.2
708.4
113.0
727.9
113.4
762.1
114.4
776.4
116.2
776.6
118.1
809.9
118.7
809.7
847.4
869.0
868.3
134.7
134.6
135.5
135.2
174
17.3
41.7
66.2
30.8
560.2
385.0
175.2
17.4
18.1
39.9
57.6
32.9
566.3
390.4
176.0
18.4
22.1
22.1
24.4
26.9
28.8
31.7
34.0
15.6
58.6
21.6
438.3
301.9
136.4
10.1
17.5
61.1
22.5
453.0
321.7
131.3
10.2
20.0
56.9
23.6
460.2
333.4
126.8
10.7
17.9
53.4
25.6
464.8
339.6
125.2
11.7
24.4
52.9
25.6
475.2
340.3
135.0
11.9
22.6
58.8
27.1
499.2
350.2
149.0
13.2
26.7
58.7
27.1
504.7
358.4
146.3
14.2
26.5
55.4
27.5
502.0
360.5
141.5
15.5
37.8
51.2
30.1
521.3
368.9
152.4
16.9
37.9
51.2
30.2
521.5
368.9
152.6
16.9
17.4
36.4
60.9
31.2
549.4
378.4
170.9
17.4
592.8
33.7
28.1
97.2
32.6
12.6
609.0
31.0
27.6
103.9
31.7
13.5
624.4
30.9
27.1
109.9
31.4
13.0
9.4
9.0
9.3
18.4
187.6
50.6
25.6
36.9
52.1
19.5
196.1
26.3
37.8
53.9
20.5
202.1
51.6
25.9
38.1
57.9
629.2
31.6
26.5
113.2
30.3
12.4
10.0
21.2
206.4
52.3
26.2
38.0
54.3
649.5
34.6
27.4
121.6
31.9
12.8
16.5
176.0
46.1
24.7
33.9
44.0
573.5
34.8
28.8
88.4
31.2
12.2
10.2
17.3
182.4
49.6
25.5
35.8
48.0
22.6
208.2
51.6
26.8
39.0
56.5
687.8
37.0
28.4
138.6
34.8
14.3
10.5
22.8
209.6
54.8
27.8
40.3
61.5
722.0
39.2
31.1
151.2
39.3
12.6
11.1
24.9
213.6
56.5
28.4
41.4
65.1
751.7
40.7
32.0
162.6
39.0
14.0
12.0
25.8
216.1
61.0
28.7
43.5
68.3
784.0
42.6
32.2
174.6
38.2
13.7
12.9
27.4
228.9
61.1
30.4
45.7
68.8
782.5
42.6
31.0
141.6
38.2
13.7
13.7
28.1
228.9
61.1
30.3
45.7
813.5
43.1
32.8
152.3
39.3
14.9
13.0
29.1
229.9
66.0
31.6
50.1
846.8
45.3
32.2
163.2
38.2
16.0
15.1
31.4
232.8
66.0
32.3
54.4
872.9
44.2
30.7
172.3
39.2
16.1
14.1
34.4
237.6
65.9
33.0
57.1
100 0
103 0
111.4
119.6
9.1
9.3
8.1
7.2
6.7
6.6
6.6
7.5
7.5
7.8
7.7
7.7
8.2
8.7
8.8
80
475.7
488.3
498.6
508.9
511.6
507.1
512.5
516.9
527.5
536.4
545.3
545.3
555.9
567.0
581.7
Federal ...
General government
Government enterprises
81
82
83
171.7
137.0
34.7
176.5
138.4
38.0
175.7
137.5
38.2
178.7
139.2
39.4
179.6
140.9
38.7
176.2
142.4
33.8
179.8
144.8
35.0
180.6
146.4
34.2
182.6
148.6
34.0
182.9
149.0
33.9
185.4
151.4
34.0
185.4
151.4
34.0
188.3
153.5
34.8
189.9
154.2
35.7
193.3
156.3
37.1
State and local
General government
Government enterprises
84
85
86
304.0
278.6
25.4
311.8
285.8
26.0
322.9
295.0
27.9
330.3
301.1
29.2
332.0
303.0
29.1
330.9
301.8
29.1
332.7
302.6
30.1
336.3
305.4
30.9
344.9
313.2
31.7
353.5
320.8
32.7
360.0
327.3
32.7
360.0
327.3
32.7
367.6
333.9
33.7
377.0
342.7
34.3
388.4
353.5
34.9
-24.8
-24.8
-27.4
.9
4.9
2.1
-18.6
-20.5
Government
12.8
53.8
21.3
389.0
275.4
113.6
7.6
15.2
57.0
21.5
411.4
288.3
123.0
515
9.9
Statistical discrepancy2
87
19.4
12.2
20.6
19.0
13.6
-8.7
11.5
-9.8
-14.7
1.3
Residual3
88
20.8
33.4
39.6
45.7
45.3
15.6
20.8
21.0
7.7
^».4
* Estimates for the year 1987 are shown on the basis of both the 1972 and 1987 Standard Industrial Classification
(SIC). The estimate based on the 1972 SIC is shown first and is comparable with estimates back to 1977; the
estimate based on the 1987 SIC is shown second and is comparable with estimates after 1987.
1. Constant 1987 dollar values are equal to fixed-weighted quantity indexes with 1987 weights divided by 100
and multiplied by the 1987 value of current-dollar GDP.
2.
ness
3.
stant
0
0
Equals the current-dollar statistical discrepancy deflated by the implicit price deflator for gross domestic busiproduct.
Equals GDP in constant dollars measured as the sum of expenditures less the statistical discrepancy in condollars and GDP in constant dollars measured as the sum of gross product originating by industry,
May 1993
55
SURVEY OF CURRENT BUSINESS
Pollution Abatement and Control
Expenditures, 1987-91
By Gary L. Rutledge and Mary L. Leonard
(j\ EAL SPENDING for pollution abatement and
-Zycontrol (PAC) decreased 1.4 percent in 1991,
in contrast to a 3.4-percent increase in 1990
(chart 1). Prices of PAC goods and services, as
measured by the PAC fixed-weighted price in-
Real Spending for Pollution
Abatement and Control, 1972-91
Billions 1987$
100
TOTAL PAC SPENDING AND PA SPENDING
dex, increased 3.0 percent, following a 3.4-percent
increase.
Over nine-tenths of all PAC spending is for
pollution abatement (PA); the remainder consists
of regulation and monitoring expenditures and
of research and development expenditures, PA
expenditures decreased 1.4 percent in 1991, following a 3.6-percent increase in 1990. Real spending for regulation and monitoring decreased 1.5
percent after a 1.3-percent decrease, and real
spending for research and development decreased
0.5 percent after no change.1
1. The expenditures discussed in this article are for the goods and services that U.S. residents use to produce cleaner air and water and to manage
solid waste and are classified by function (for example, research and development), sector (for example, business), and type (for example, air), PA,
which is the principal function, reduces pollutant emissions by preventing the
generation of pollutants, by recycling the pollutants, and by treating the pollutants prior to discharge; regulation and monitoring is a government activity
that stimulates and guides action to reduce pollutant emissions; research and
development by business and government not only supports abatement but
also helps increase the efficiency of regulation and monitoring.
80
60
Total PA
40
The estimates of PAC spending cover most, but not all, PAC activities,
which are defined as activities resulting from rules, policies and conventions,
and formal regulations restricting the release of pollutants into commonproperty media, primarily air and water. The estimates exclude (1) PAC
activities that do not use productive resources (for example, plant closings
due to PAC, delays in plant construction, or curtailments in the use of chemicals in manufacturing and agriculture) and (2) PAC activities that do use
productive resources but that are nonmarket activities (for example, volunteer
litter removal).
Air PA
Water PA
0 I
I
I
I
I
I
I
I
I
I
I
I
3
PAC SPENDING OTHER THAN PA
I
I
For the purpose of concise presentation, solid waste management—which
includes the collection and disposal of solid waste and the alteration of production processes to generate less solid waste—is categorized as solid waste
PAC in the tables in this article. These estimates mainly cover spending
for collection and disposal by means acceptable to Federal, State, and lo-
I
Acknowledgm ents
Regulation and Monitoring
I
1972
74
I
76
I
I
I
I
I
I
I
I
7 8 8 0 8 2 8 4 8 6 8 8 9 0
NOTE*—MlutiQndi>3lHn6ntandcanlrii(flV)oip6n(fiuresoGnsistofs)36ndtfio
fcrpo«ulkrabatem«t(l*),fcrieoJalto^nrKrtto(^1and)orreseaf*^
dmtoprnwl
US. Departnentof Commerce, Bireeu of Economic Analysis
I
Gary L. Rutledge, Chief of the Environmental Economics Division, supervised the preparation of the
estimates. Mary L. Leonard planned and coordinated
the compilation and analysis of the estimates, with
the assistance of Mohamad F. Moabi. The preparation of estimates involved the following staff: Personal consumption—Frederick G. Kappler; business—
Frederick G. Kappler, Mary L. Leonard, Mohamad F.
Moabi, R. Christian Thieme, Christine R. Vogan, and
Howard J. White; and government—Mary L. Leonard,
Mohamad F. Moabi, Christine R. Vogan, and Howard
J. White. Shirley D. Tisdale provided statistical services,
and Sonia R. Jones provided secretarial services.
SURVEY OF CURRENT BUSINESS
$6 • May 1993
This article first examines real PAC spending in
1991, prices of PAC goods and services in 1991,
and likely real PAC spending in 1992, and then
it examines changes in the composition of PAC
spending in 1987-91. The sources of the estimates
are described briefly at the end of the article.
fixed capital (largely construction). Real spending for solid waste disposal increased 3.9 percent
after increasing 5.4 percent. The 1991 increase
primarily reflected growth in operating costs.
By sector for PA, personal consumption expenditures decreased in 1991, and business and
government spending increased. Personal conRecent estimates
sumption expenditures, which consists of the
purchase and operation of motor vehicle emisReal PAC spending in 1991.—Real PAC spending desion abatement devices, decreased $1.9 billion,
creased $1.1 billion, or 1.4 percent, to $80.6 billion
or 21.8 percent, in 1991. Purchases of these
in 1991 (table 1). It had increased 3.4 percent in
devices (for example, catalytic converters) de1990 (table 2, with detail in table 7).
creased $1.7 billion, or 20.0 percent, reflecting a
By type, real spending for air PAC decreased 6.4
fall in unit sales of vehicles. Operating costs of
percent in 1991, following a decrease of 4.5 perthese devices—which consist largely of the addicent in 1990. The 1991 decrease was attributable
tional cost of using unleaded, rather than leaded,
to declines in personal consumption and business
gasoline in vehicles with catalytic converters—
spending to purchase and operate emission abatedecreased $0.2 billion to zero. By 1991, the market
ment devices on motor vehicles. Real spending
for leaded gasoline had diminished to such an
for water PAC decreased 1.4 percent, following an
extent that the price difference between unleaded
increase of 9.7 percent. The decrease was due
and leaded gasoline was not discernible.2
mainly to declines in spending for the operation
Business PA expenditures increased $0.8 bilof industrial plant and equipment and for the
lion,
or 1.6 percent, in 1991. Spending on capital
purchase of residential and public sewer system
account increased $0.6 billion, or 3.5 percent, reflecting an increase in purchases of new plant
cal governments; in the text, they are referred to as "solid waste disposal"
spending.
and equipment. Spending on current account
increased $0.2 billion, or 0.6 percent, largely reflecting increases in the operation of plant and
Table 1.—Constant-Do liar Spending for Pollution Abatement
and Control in 1991
equipment for public sewer systems.
Government PA expenditures changed little in
Billions of 1987 dollars
Percent
change
1991.
An increase in State and local government
Change
from prefrom prespending
for solid waste disposal was offset by a
ceding
Levels
ceding
year''
year''
decrease in construction of public sewer systems.
Pollution abatement and control
Pollution abatement
Personal consumption
Motor vehicle emission abatement
devices
Operation of these devices
80.6
-1.11
-1.4
76.3
-1.07
-1.4
6.7
-1.86
-21.8
6.7
0
-1.67
.19
-20.0
100.0
50.7
17.0
.78
.57
1.6
3.5
Business
On capital account
Motor vehicle emission
abatement
Plant and equipment
Other
On current account
Motor vehicle emission
abatement
Plant and equipment
Public sewer systems ]
Cost recovered
Other
5.2
9.6
2.2
33.7
-.01
.93
-.3
.21
-.2
10.7
-13.7
.6
0
21.2
10.3
-1.4
3.6
-.22
-.85
.81
-.29
.17
-100.0
-3.8
8.6
-17.3
4.9
Government
Public sewer system fixed capital2
Other
18.9
9.8
9.0
.01
-.49
.51
.1
-4.8
5.9
Regulation and monitoring
1.6
-.02
-1.5
Research and development
2.7
-.01
-.5
f Preliminary.
1. Spending to operate public sewer systems is classified in the national income and
product accounts as business spending.
2. Consists of government enterprise purchases of fixed capital (primarily for the
construction of public sewer systems), which is classified in the national income and product
accounts as government spending.
NOTE.—The entries in this table are key components from tables 7 and 8; the "other"
entries are consolidations of detail from those tables.
2. For more information about trends in these operating costs, see
Gary L. Rutledge and Mary L. Leonard, "Pollution Abatement and Control
Expenditures, 1972-90," SURVEY OF CURRENT BUSINESS 72 (June 1992): 33.
Table 2.—Percent Change In Spending and Prices for
Pollution Abatement and Control
Change from preceding year
1987
1988 r
1989 r
1990 r
Total:
Current dollars
1987 dollars
Fixed-weighted price index
3.4
.4
2.9
6.3
3.4
2.8
3.6
-.3
3.9
6.6
3.4
3.4
1.6
-1.4
3.0
Air:
Current dollars
1987 dollars
Fixed-weighted price index
-4.4
-7.7
3.5
3.9
1.6
2.4
-6.4
-9.4
3.6
-2.3
-4.5
3.6
-3.8
-6.4
2.5
Water:
Current dollars
1987 dollars
Fixed-weighted price index
8.7
6.7
4.0
1.1
-1.3
2.5
6.4
2.7
3.6
12.0
9.7
2.1
1.1
-1.4
2.9
11.6
7.4
3.8
22.2
17.4
4.1
14.8
9.2
5.1
11.1
5.4
5.5
7.4
3.9
3.4
1991'
Solid waste:
Current dollars .
1987 dollars
Fixed-weighted price index
r
Revised.
f Preliminary.
May 1993 •
SURVEY OF CURRENT BUSINESS
Prices in 1991.—The fixed-weighted price index
for total PAC spending increased 3.0 percent in
1991, following a 3.4-percent increase in 1990 (table 2). Price increases slowed for air PAC and
for solid waste disposal and accelerated for water
PAC.
Real PAC spending in 1992.—According to the
information available by June 1993, real PAC
spending probably increased slightly in 1992. The
increase appears to be attributable to increases
in State and local government spending for
solid waste disposal and to increases in business
spending to operate PA plant and equipment.
The composition of real PAC spending in 1987-91
To highlight the changes in real spending that
resulted in significant compositional shifts of PAC
purchases, real spending is organized by sector
(for example, business) in tables 3 and 4 and
by type (for example, air PA mobile sources) in
tables 5 and 6. The sectors are in accordance
with national economic accounting conventions.
The types are defined in accordance with Federal
environmental legislation.3
Spending by sector.—The share of total PAC spending accounted for by personal consumption declined from 14.2 percent in 1987 to 8.3 percent
in 1991. The share of personal consumption
3. For air PA, the Clean Air Act classifies the sources of pollutants as
mobile (for example, automobiles) or stationary (for example, factories). For
water PA, the Federal Water Pollution Control Act classifies the sources of
pollutants as point (for example, factories) or nonpoint (for example, highway
construction projects).
spending accounted for by the operation of motor vehicle emission abatement devices fell from
20.5 percent in 1987 to zero in 1991, while the
share for purchases of these devices increased
proportionately.
Business spending as a share of total PAC spending increased from 60.6 percent in 1987 to 65.5
percent in 1991. The shares of spending on
capital account and on current account were
relatively stable, with current-account spending representing about two-thirds of business
spending.
Government spending accounted for about 25
percent of total PAC spending in 1987-91. The
share of government spending accounted for by
Table 4.—Composition of Constant-Dollar Pollution
Abatement and Control Spending, by Sector
1987
1989"
1988"
1990"
1991*
Percent of total PAC spending
Personal consumption
Business
GovGrnment
14.9
60.6
24.5
14.2
60.6
25.2
13.0
61.9
25.2
10.4
63.6
26.0
8.3
65.5
26.3
Percent of spending within each sector
Personal consumption:'
Motor vehicle emission abatement
devices
Operation of these devices
79.5
20.5
83.3
16.7
90.7
9.3
97.7
2.3
100.0
0
Business:1
On capital account
On current account
31.8
68.2
30.8
69.2
29.9
70.1
31.7
68.3
32.3
67.7
Government:'
Public sewer system fixed capital ...
Other
52.1
47.9
49.7
50.3
47.2
52.8
48.7
51.3
46.4
53.6
1. These categories are the same as those in table 3.
Table 3.—Constant-Dollar Spending for Pollution Abatement and Control, by Sector
Millions of 1987 dollars
Percent change
Change from preceding year
1QR7
iyo/
"IQRft r
i yoo
1QRQ r
\ yoy
1QQD r
iyyu
1 QQ1 p
i yy i '
76,672
79,277
79,006
81,703
80,597
3.4
-0.3
3.4
-1.4
Personal consumption
Motor vehicle emission abatement devices
Operation of these devices
10,875
8,642
2,233
11,837
9,857
1,980
10,245
9,296
948
8,512
8,320
192
6,654
6,654
0
8.8
14.1
-11.3
-13.4
-5.7
-52.1
-16.9
-10.5
-79.7
-21.8
-20.0
-100.0
Business
On capital account
Motor vehicle emission abatement
Plant and equipment
Other
On current account
Motor vehicle emission abatement
Plant and equipment
Public sewer systems '
Other2
46,488
14,771
5,083
6,580
3,108
31,717
1,644
18,954
7,792
3,327
48,046
14,788
5,791
6,325
2,672
33,258
1,460
20,291
8.269
3.238
48,882
14,636
5,228
6,832
2,576
34,246
749
21,103
8,803
3,591
51,955
16,450
5,260
8,673
2,517
35,505
221
22,048
9.488
3.749
52,752
17,022
5,248
9,602
2,172
35,730
0
21,203
10,300
4,227
3.4
.1
13.9
-3.9
-14.0
4.9
-11.2
7.1
6.1
-2.7
1.7
-1.0
-9.7
8.0
-3.6
3.0
-48.7
4.0
6.5
10.9
6.3
12.4
.6
26.9
-2.3
3.7
-70.5
4.5
7.8
4.4
1.5
3.5
-.2
10.7
-13.7
.6
-100.0
-3.8
8.6
12.8
Government
Public sewer system fixed capital3 .
Other4
19,310
10,053
9,257
19,395
9,646
9,749
19,878
9,383
10,495
21,235
10.334
10,901
21,191
9,839
11,352
.4
-4.0
5.3
2.5
-2.7
7.7
6.8
10.1
3.9
-.2
-4.8
4.1
Pollution abatement and control.
r
Revised.
f Preliminary.
1. Spending to operate public sewer systems is classified in the national income and product
accounts as business spending.
2. For this table, private purchases for research and development are included with business
pollution abatement spending on current account.
1988"
1989"
1990"
1991*
3. Consists of government enterprise purchases of fixed capital (primarily for the construction
of public sewer systems), which is classified in the national income and product accounts as government spending.
4. For this table, government regulation and monitoring and government research and development are included with "other" government pollution abatement spending.
57
• May 1993
SURVEY OF CURRENT BUSINESS
public sewer system fixed capital decreased, reflecting a decline in construction spending, while
the share of "other" government spending increased, reflecting growth in spending for solid
waste disposal
Spending by type.—The share of total PAC spending accounted for by air PAC steadily declined
from 40.0 percent in 1987 to 31.3 percent in 1991,
reflecting the decline in operating costs of emission abatement devices. The share accounted for
by water PAC was relatively stable at about 40 percent. The share accounted for by spending for
solid waste disposal increased from 20.7 percent
in 1987 to 27.7 percent in 1991, primarily reflecting
growth in operating costs.
Within air PA, the share of spending for mobile
sources decreased, while the share for stationary
Table 6.—Composition of Constant-Dollar Pollution
Abatement and Control Spending, by Type
1987
1989 r
1988'"
1990'
1991*
Percent of total PAC spending
Air
40.0
39.9
20.7
Water
Solid waste
35.8
39.3
25.8
39.3
38.1
23.5
31.3
41.6
27.7
33.0
41.6
26.3
Percent of spending within each PA-type
Air: 1
Mobile sources
Stationary sources ...
61.7
38.3
65.9
34.1
62.4
37.6
56.6
43.4
51.8
48.2
Water:»
Point sources
Nonpoint sources ....
94.0
6.0
94.9
5.1
95.0
5.0
96.7
3.3
95.6
4.4
Solid waste:'
Industrial
Other
53.2
46.8
55.7
44.3
55.3
44.7
54.3
45.7
52.9
47.1
1. These categories are the same as those in table 5.
PAC Pollution abatement and control
PA Pollution abatement
Table 5.—Constant-Dollar Spending for Pollution Abatement and Control, by Type
Millions of 1987 dollars
Percent change
Change from preceding year
1987
1989'
1990 r
1991*
1988"
1990 r
1991*
76,672
79,277
79,006
81,703
80,597
3.4
-0.3
3.4
-1.4
72,506
74,977
74,619
77,337
76,270
3.4
-.5
3.6
-1.4
Air 1
Mobile sources2
Emission abatement devices
Operation of these devices .
Stationary sources
Facilities
Industrial3
Other4
Operation of facilities
Industrial
Other5
Water6
Point sources
Facilities
Industrial3
Public sewer systems
Other7
Operation of facilities
Industrial
Public sewer systems
Other5
Nonpoint sources
28,519
17,601
13,725
3,876
10,918
4,118
3,728
391
6,800
6,575
225
29,694
27,907
14,008
2,354
10,053
1,601
13,899
5,383
7,792
724
1,787
28,972
19,088
15,648
3,440
9,884
3,428
3,241
188
6,456
6,213
243
29,265
27,776
13,474
2,365
9,646
1,464
14,302
5,343
8,269
690
1,489
26,010
16,222
14,524
1,698
9,788
3,482
3,270
213
6,306
6,069
236
30,057
28,546
13,595
2,802
9,383
1,410
14,951
5,462
8,803
686
1,511
24,728
13,994
13,580
413
10,734
4,137
3,969
168
6,597
6,371
227
33,066
31,981
15,891
4,226
10,334
1,331
16,091
5,935
9,488
668
1,085
22,995
11,902
11,902
0
11,093
5,081
4,932
150
6,012
5,784
228
32,589
31,140
14,595
3,730
9,839
1,026
16,545
5,575
10,300
670
1,449
1.6
8.4
14.0
-11.2
-9.5
-16.8
-13.1
-52.0
-5.1
-5.5
8.0
-1.4
-.5
-3.8
.5
-4.0
-8.6
2.9
-.7
6.1
-4.8
-16.7
-10.2
-15.0
-7.2
-50.6
-1.0
1.6
.9
13.5
-2.3
-2.3
-2.8
2.7
2.8
.9
18.5
-2.7
-3.7
4.5
2.2
6.5
-.5
1.5
-4.9
-13.7
-6.5
-75.7
9.7
18.8
21.4
-21.0
4.6
5.0
-4.0
10.0
12.0
16.9
50.8
10.1
-5.6
7.6
8.7
7.8
-2.6
-28.2
-7.0
-14.9
-12.4
-100.0
3.3
22.8
24.3
-11.1
-8.9
-9.2
.4
-1.4
-2.6
-8.2
-11.7
-4.8
-22.9
2.8
-6.1
8.6
.2
33.6
Solid waste
Industrial
Other8
15,470
8,227
7,243
18,155
10,111
8,044
19,849
10,986
8,864
20,938
11,365
9,574
21,810
11,529
10,281
17.4
22.9
11.1
9.3
8.7
10.2
5.5
3.5
8.0
4.2
1.5
7.4
Other9
Pollution abatement and control
Pollution abatement
-1,177
-1,415
-1,297
-1,395
-1,124
20.2
-8.3
7.6
-19.4
Regulation and monitoring
Air
Water
Solid waste
Other9
1,519
410
583
300
226
1,643
430
617
371
225
1,657
452
616
369
220
1,636
446
597
372
220
1,611
446
607
363
195
8.2
4.9
5.8
23.7
-.4
.9
5.1
-.2
-.5
-2.2
-1.3
-1.3
-3.1
-1.5
0
1.7
-2.4
-11.4
Research and development
Air
Water
Solid waste
Other9
2,648
1,776
339
129
404
2,658
1,787
327
136
407
2,730
1,786
347
170
426
2,730
1,814
359
173
384
2,716
1,824
359
156
378
.4
.6
-3.5
5.4
.7
2.7
-.1
6.1
25.0
4.7
0
1.6
3.5
1.8
-9.9
-.5
.6
0
-9.8
-1.6
r
Revised.
f Preliminary.
1. The Clean Air Act classifies sources of pollutants as either mobile, such as passenger cars,
or stationary, such as factories.
2. Cars and trucks only.
3. Consists of new plant and equipment spending for pollution abatement from the Pollution
Abatement and Costs Expenditures Survey and the Structures and Equipment Survey—Supplement for Pollution Abatement by the Bureau of Census and of indirect estimation by the Bureau
of Economic Analysis for selected nonmanufacturing industries.
4. Consists of spending for fixed capital of government enterprises, such as the Tennessee
Valley Authority.
5. Consists of spending to operate abatement facilities by government enterprises and spending
1989 r
to acquire and operate government facilities other than those mentioned in footnote 4: data on
the acquisition costs of these facilities are inseparable from the data on operating costs.
6. The Federal Water Pollution Control Act defines point sources as facilities that discharge
to a body of water through a pipe or ditch.
7. Consists of spending for private connectors to public sewer systems, capital spending by
owners of feedlots, and spending for fixed capital of government enterprises.
8. Consists of Federal. State, and local government spending for the collection and disposal
of solid waste and of household payments to business for the collection and disposal of solid
waste.
9. Consists of "other and unallocated" spending, for example, for abatement of multimedia pollution (see footnote 2, table 7).
SURVEY OF CURRENT BUSINESS
Effects of the 1990 Clean Air Act
This box describes key provisions of the 1990 Clean Air
Act and discusses their possible effects on expenditures
for pollution abatement and control in 1991.
One provision of the act requires lower emissions of
air pollutants from motor vehicles, beginning with the
1994 model year. Consequently, any effects of this provision on 1991 spending would be limited to research and
development spending, which rose slightly.
Another provision expanded the range of businesses
required to lower their air emissions to include medium
and selected small businesses, and it expanded the list
of hazardous substances to be controlled. Probably reflecting a pickup in spending due to this provision, the
pollution abatement part of nonresidential fixed investment increased significantly. This increase was mainly
in manufacturing, according to data from the Census
Bureau's Pollution Abatement Costs and Expenditures
Survey.
In addition, a provision of the act requires lower
emissions, particularly sulfur oxides emissions, by elec-
sources increased. Within water PA, abatement
activities of point sources continued to account
for most of the spending. Within solid waste PA,
industrial spending continued to account for a
little more than one-half of the spending.
Sources of the estimates
The estimates of PAC components that are derived
from direct sources typically account for about
three-fifths of total PAC spending. The most important data sources are the following surveys
conducted by the Bureau of the Census: The Pollution Abatement Costs and Expenditures Survey
(for capital and operating spending by manufac-
tric utilities, and it calls for the design of a system
or market for the trading of rights to emit sulfur oxides. The first phase of the implementation
of this provision is to be in full operation by 1995.
Capital spending for pollution abatement by electric
utilities declined in 1991, as utilities weighed various
compliance strategies; many electric utilities may be
planning a mix of strategies—such as switching to
cleaner fuels, emissions trading, and pollution abatement
investment.
The effect of the act on operating costs for air pollution abatement will probably occur gradually. Operating
costs fell in 1991; the decrease was mainly accounted for
by manufacturing and electric utilities and is consistent
with a relatively low capacity utilization rate in a relatively weak economic recovery. It is likely that any
increases in spending in response to the act occurred
near the end of 1991, and in that case, any rise in capital
stock would tend not to affect operating spending until
1992.
turing establishments), the Pollution Abatement
Plant and Equipment Expenditures Survey (for
capital spending totals by nonfarm business), and
surveys of government finances (for government
spending to operate public sewer systems and to
collect and dispose of solid waste). The estimates
of the remaining PAC components are based on
other sources that provide more general survey
information and on assumptions made to utilize
this information.4
Tables 7 and 8 follow. E3
4. For a discussion of these other sources, see Rutledge and Leonard,
"Expenditures," pages 31-34. Since the publication of that article, several
minor adjustments have been made to the sources and methods used to
prepare the nonmanufacturing estimates.
May 1993 •
59
60 • May 1993
SURVEY OF CURRENT BUSINESS
Table 7.—Expenditures for Pollution Abatement and Control by Sector and Type
1988 r
1987
Air
Total•
Water
Other and
unallocated 2
Solid
waste
Total <
Air
Water
Solid
waste
Other and unallocated2
Millions of current dollars
Pollution abatement and control
Pollution abatement
Personal consumption
Durable goods3
Nondurable goods4
Business
On capital account
On current account
Private
Government enterprise
Costs recovered
Government
Federal
State and local
Government enterprise purchases of fixed capital
Regulation and monitoring
Federal
State and local
Research and development
;
Private
Federal
State and local
76,672
30,705
30,616
15,899
-548
81,472
31,903
30,955
19,435
-821
72,506
10,875
8,642
2,233
28,519
10,875
8,642
2,233
17,159
8,810
8,349
8,218
130
29,694
15,470
-1,177
18,908
-1,480
10,413
1,339
9,074
9,073
-1,459
29,590
12,062
10,064
1,998
17,256
9,301
7,955
7,787
168
29,978
18,388
4,622
18,804
4,385
14,418
6,042
8,377
13,010
1,539
11,470
11,470
-1,865
486
80
15
391
410
110
300
1,776
11,305
707
452
10,147
583
250
333
339
199
120
20
76,996
12,062
10,064
1,998
47,204
15,225
31,979
25,298
8,547
-1,867
17,730
1,402
6,148
10,181
1,695
850
845
2,781
2,088
665
28
272
65
10
197
440
120
320
1,873
1,652
220
1
11,175
707
484
9,984
635
300
335
342
209
115
18
5899
300
5,599
2
-1,867
385
330
55
385
200
185
142
39
100
3
235
230
5
424
188
230
6
44,501
14,771
29,729
23,251
7,939
-1,460
17,130
1,237
5,356
10,538
1,519
700
819
2,648
1,987
630
31
1,574
200
2
13,767
5,959
7,808
-1*459
5,057
250
4,807
1
-1,460
282
200
82
300
120
180
129
35
90
4
226
220
6
404
179
220
5
-1,865
Millions of constant (1987) dollars
Pollution abatement and control
Pollution abatement
Personal consumption
Durable goods3
Nondurable goods4
Business
On capital account
On current account
Private
Government enterprise
Costs recovered
Government
Federal
State and local
Government enterprise purchases of fixed capital .
Regulation and monitoring
Federal
State and local
Research and development
Private
Federal
State and local
76,672
30,705
30,616
15,899
-548
79,277
31,189
30,209
18,662
-784
72,506
10,875
8,642
2,233
44,501
14,771
29,729
23,251
7,939
-1,460
17,130
1,237
5,356
10,538
1,519
700
819
2,648
1,987
630
31
28,519
10,875
8,642
2,233
17,159
8,810
8,349
8,218
130
29,694
15,470
-1,177
18,155
-1,419
10,413
1,339
9,074
9,073
18,468
4,261
14,207
5,924
8,283
12,491
1,495
10,996
10,996
-1,776
486
80
15
391
410
110
300
1,776
1,574
200
2
11,305
707
452
10,147
583
250
333
339
199
120
20
5,057
250
4,807
1
-1,460
282
200
82
28,972
11,837
9,857
1,980
16,874
9,031
7,843
7,673
170
29,265
18,388
4,622
13,767
5,959
7,808
10,797
675
431
9,692
617
287
329
327
199
111
17
2
-1,778
361
309
52
226
220
6
404
179
220
5
261
64
10
188
430
115
315
1,787
1,574
213
1
5,664
292
5,372
300
120
180
129
35
90
4
74,977
11,837
9,857
1,980
46,057
14,788
31,269
24,592
8,455
-1,778
17,083
1,340
5,864
9,879
1,643
814
829
2,658
1,989
643
27
371
192
180
136
37
97
3
225
220
5
407
179
222
6
-1,459
-1,459
-1,776
Selected fixed-weighted price indexes
Pollution abatement and control
Pollution abatement
Personal consumption
Business
On capital account
On current account
Government
Regulation and monitoring
Research and development
100.0
100.0
100.0
100.0
100.0
102.8
102.4
102.5
104.1
105.2
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
104.1
104.6
100.0
100.0
100.0
100.0
100.0
100.0
"i'6b"6
102.2
101.8
102.4
103.1
101.6
104.6
102.3
104.8
102.5
100.0
100.0
100.0
100.0
100.0
100.0
102.7
101.8
102.5
103.0
102.2
103.8
103.0
104.6
101.8
102.9
101.5
103.5
102.8
104.4
104.1
102.9
104.3
104.1
103.5
103.9
105.0
100.0
100.0
100.0
100.0
105.0
106.7
104.0
104.1
Addendum: Business capital consumption allowances (millions of dollars)5
Valued at replacement cost in current dollars
Valued at replacement cost in constant (1987) dollars
p
14,432
14,432
Preliminary.
Revised.
1. Includes spending for air and water pollution abatement and control and expenditures for solid waste collection
and disposal by means acceptable to Federal, State, and local governments. Excludes agricultural production except
feedlot operations.
2. "Other" includes spending for abatement and control of noise, radiation, and pesticide pollution; "unallocated"
includes business spending not assigned to media.
r
14,811
14,423
3. Durables consists of purchases of motor vehicle emission abatement devices.
4. Nondurables consists of spending to operate motor vehicle emission abatement devices.
5. Capital consumption allowances facilitate the conversion of expenditures to a cost basis.
NOTE.—Expenditures are attributed to the sector that performs, rather than pays for, the air or water pollution
abatement or the solid waste collection and disposal.
May 1993
SURVEY OF CURRENT BUSINESS
•
6l
in Current and Constant Dollars and Selected Fixed-Weighted Price Indexes, 1987-91
1989"
Total'
Air
Water
1990'
Solid
waste
Other and
unallocated 2
Total'
Air
Water
1991''
Solid
waste
Other and
unallocated 2
Total'
Air
Water
Solid
waste
Other and
unallocated 2
Line
Millions of current dollars
84,396
29,856
32,943
22,320
-723
89,996
29,167
36,909
24,805
-885
91,456
28,060
37,310
26,640
-553
1
79,619
10,747
9,689
1,058
50,058
15,520
34,538
26,811
9,502
-1,775
18,814
1,379
7,143
10,292
1,803
860
943
2,974
2,171
770
33
27,415
10,747
9,689
1,058
16,354
8,997
7,357
7,196
161
31,896
21,735
-1,428
24,200
-1,573
-1,235
16,409
1,952
14,457
14,457
-1,922
315
70
12
233
490
130
360
1,950
1,718
230
2
11,278
729
489
10,060
670
310
360
377
217
140
20
6,876
300
6,576
250
245
5
437
186
244
7
12,719
753
533
11,433
677
301
376
427
231
160
36
2
-T.571
334
250
83
408
191
217
197
42
151
4
258
73
16
168
483
125
358
2,153
1,911
240
2
8,688
341
8,348
243
240
3
462
195
260
7
12,558
734
521
11,303
649
307
342
409
220
151
38
7,791
304
7,487
400
180
220
184
40
140
4
271
71
13
187
476
133
343
2,053
1,820
231
2
2
-1,924
349
281
68
23,486
5,599
17,886
6,764
11,122
17,338
2,081
15,257
15,257
2
-1,775
345
280
65
25,423
7,285
7,285
0
17,881
11,270
6,611
6,449
162
26,026
23,293
5,844
17,449
7,115
10,334
86,419
7,285
7,285
0
57,135
18,950
38,186
28,470
11,287
-1,571
21,998
1,417
8,980
11,601
1,818
850
968
3,220
2,383
790
47
36,205
14,859
1,657
13,202
13,202
26,638
9,088
8,798
289
17,279
9,931
7,348
7,188
161
35,851
20,618
4,866
15,752
6,414
9,338
85,116
9,088
8,798
289
55,059
17,727
37,332
28,579
10,497
-1,924
20,969
1,391
8,089
11,489
1,784
877
907
3,097
2,269
111
51
427
201
226
187
45
139
3
231
223
8
452
196
250
6
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
-1,773
-1,773
-1,922
-1,569
""-'i"569
Millions of constant (1987) dollars
79,006
28,248
31,020
20,388
-650
81,703
26,988
34,022
21,484
-791
80,597
25,264
33,554
22,329
-550
23
74,619
10,245
9,296
948
46,897
14,636
32,261
24,893
8,977
-1,609
17,477
1,271
6,559
9,648
1,657
780
877
2,730
1,985
715
30
26,010
10,245
9,296
948
15,476
8,497
6,979
6,819
160
30,057
19,849
-1,297
20,938
-1,395
-1,123
14,197
1,770
12,428
12,428
-1,695
-1,402
289
66
11
213
452
118
334
1,786
1,571
213
2
10,600
670
495
9,435
616
281
334
347
199
130
18
6,278
283
5,995
6,741
269
6,472
372
168
204
173
37
133
3
220
216
4
384
165
214
6
226
63
14
150
446
106
340
1,824
1,623
199
2
11,108
652
558
9,897
607
255
352
359
197
133
29
7,276
296
6,980
220
218
3
426
178
241
6
11,593
656
531
10,405
597
270
327
359
195
132
33
2
-1,404
279
209
70
369
163
206
170
37
130
4
242
62
11
168
446
117
330
1,814
1,609
203
1
2
-1,697
300
241
59
21,481
4,999
16,482
6,168
10,314
14,535
1,844
12,691
12,690
2
-1,609
311
252
59
21,473
5,451
16,021
6,525
9,496
22,995
6,654
6,654
0
16,115
10,179
5,935
5,784
151
21,810
-1,607
76,270
6,654
6,654
0
50,728
17,022
33,706
24,642
10,467
-1,404
18,888
1,220
7,621
10,047
1,611
719
892
2,716
2,024
654
39
32,589
13,571
1,545
12,026
12,026
24,728
8,512
8,320
192
15,974
9,229
6,745
6,592
154
33,066
19,458
4,594
14,864
6,049
8,815
77,337
8,512
8,320
192
49,949
16,450
33,499
25,544
9,652
-1,697
18,875
1,228
7,074
10,573
1,636
771
865
2,730
2,006
681
43
363
170
193
156
38
115
3
195
188
6
378
166
207
5
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
-1,607
-1,695
-1,402
Selected fixed-weighted price indexes
106.8
106.1
106.2
109.4
111.3
110.4
109.9
108.4
115.4
111.5
113.7
112.6
111.5
119.3
99.6
45
106.7
105.5
106.7
106.1
107.0
107.5
108.8
109.0
105.9
105.5
106.1
106.1
106.1
109.0
108.5
109.2
106.1
109.5
110.1
110.4
109.9
110.4
107.7
111.7
110.7
109.0
113.4
109.8
109.9
109.6
107.7
111.6
111.7
106.8
113.2
108.4
115.5
112.7
119.3
110.1
115.5
110.3
116.3
115.6
109.5
113.9
112.4
112.4
112.2
110.7
113.9
113.2
108.8
118.1
111.4
113.4
113.5
112.4
112.7
111.0
113.5
116.4
113.5
118.5
109.2
111.0
108.6
115.1
111.9
119.1
119.3
112.8
120.2
119.4
119.0
120.0
111.9
46
47
48
49
50
51
52
53
105.9
105.6
106.0
106.4
108.8
108.9
109.5
107.2
109.8
109.5
108.3
108.3
110.3
110.3
111.0
110.2
108.5
108.4
107.0
108.9
108.4
108.5
113.7
113.4
116.2
114.0
113.7
111.9
119.6
118.5
119.5
Addendum: Business capital consumption allowances (millions of dollars)5
14,725
13,879
13,862
12,911
10,275
9,309
54
55
62 • May 1993
SURVEY OF CURRENT BUSINESS
Table 8.—Business and Government Expenditures for Air and Water Pollution Abatement in Current and Constant Dollars, 1987-91
1987
Total'
Air
Water
Total'
1990 r
1989'
1988'
Air
Water
Total
l
Air
Water
Total
!
Air
1991'
Water
Total »
Air
Water
Millions of current dollars
Business (line 6 ) .
On capital account (line 7)
Motor vehicle emission abatement
Plant and equipment2
Residential systems3
Agricultural business4
On current account (line 8)
Private (line 9)
Motor vehicle emission abatement
Plant and equipment2
Residential systems3
Agricultural business4
Government enterprise (line 10)
Publicly owned electric utilities
Public sewer systems5
Other
Government (line 1 2 ) .
Federal (line 13)
Federal except highways
Highway erosion abatement
State and local (line 14)
State and local except highways
Highway erosion abatement
Government enterprise fixed capital (line 15) ,
Publicly owned electric utilities
Public sewer systems5
35,547
17,159
18,388
36,059
13,432
5,083
6,081
2,265
3
22,115
8,810
5,083
3,728
4,622
13,686
5,910
5,846
1,927
3
22,373
14,177
1,644
"'£354
2,265
3
13,767
5,959
8,349
8,218
1,644
6,574 "'£382
568
8
130
7,808
130
13
13,828
18,804
36,972
16,354
20,618
40,573
17,279
23,293
41,366
17,881
23,486
9,301
4,385
5,910
3,391 "2,455
1,927
3
7,955 14,418
7,787
6,042
1,473
6,314 "'£435
13,863
5,447
6,552
1,861
4
23,109
13,610
833
12,139
627
10
9,500
173
8,997
5,447
3,550
4,866
9,931
5,563
4,368
5,844
16,869
5,744
11,270
5,744
5,526
5,599
7,357
7,196
833
6,363 " 5 7 7 6
627
10
161
9,338
161
11
15,775
5,563
8,467
1,742
3
24,797
9,325
3
9,325
3
10,324
2
17,256
7,792
7,792
3
1,473
11,749
598
8
8,545
181
8,363
2
11,791
486 11,305
11,447
707
700
7
452
772
765
7
494
10
484
65
65
10,181
245
9,936
197
197
11,958
568
8
7,938
143
787
780
7
467
15
452
10,538
485
80
15
15
"391
391
10,053
452
10,147
95
10,053
598
8
168
168
8,377
12
8,363
2
272 11,175
10
10
707
700
7
484
484
48
9,936
1,861
4
15,752
6,414
14,302
306
13,336
650
9
10,495
168
7,348
7,188
306
4,100
1,742
3
17,449
7,115
6,881
161
161
650
9
10,334
8
10,324
2
,
9,731
1,391
3
24,497
13,213
0
12,537
668
9
11,284
176
4,205
1,391
3
6,611 17,886
6,449
6,764
0
6,448
162
162
11,105
3
6,087
668
9
11,122
14
11,105
3
11,592
315
11,278
12,829
271
12,558
12,977
258
12,719
799
70
70
729
725
4
71
71
12
12
489
734
730
4
521
753
749
4
533
10,292
289
233
233
826
822
4
549
16
533
11,601
73
73
501
12
489
805
802
4
534
795
4
10,003
13
489
10,060
56
10,003
521
11,489
265
187
187
11,225
521
11,303
78
11,225
231
168
168
11,370
533
11,433
63
11,370
Millions of constant (1987) dollars
Business (line 2 8 ) .
On capital account (line 29)
Motor vehicle emission abatement
Plant and equipment2
Residential systems3
Agricultural business4
On current account (line 30)
Private (line 31)
Motor vehicle emission abatement
Plant and equipment2
Residential systems3
Agricultural business4
Government enterprise (line 32)
Publicly owned electric utilities
Public sewer systems5
Other
Government (line 3 4 ) .
Federal (line 35)
Federal except highways
Highway erosion abatement
State and local (line 36)
State and local except highways
Highway erosion abatement
Government enterprise fixed capital (line 37) ,
Publicly owned electric utilities
Public sewer systems5
15,178 10,179 4,999
5,248 5,248
8,662 4,932 3,730
1,266
1,266
3
3
22,417 5,935 16,482
11,952 5,784 6,168
0
0
11,359 5,784 5,575
586
586
7
7
151 10,314
10,466
12
151
163
10,300
10,300
3
3
19,458
13,292
5,791
5,605
1,894
3
22,050
13,597
1,460
11,556
574
7
8,453
182
8,269
2
9,031 4,261
5,791
3,241 "2,365
1,894
3
7,843 14,207
7,673 5,924
1,460
6,213 5,343
574
7
170 8,283
12
170
8,269
2
13,092
5,228
6,072
1,789
3
21,842
12,867
749
11,532
579
8
8,975
170
8,803
2
8,497
5,228
3,270
4,594
2,354
2,265
3
8,349 13,767
8,218 5,959
1,644
6,574 5,382
568
8
130 7,808
130
13
7,792
3
2,802
1,789
3
6,979 14,864
6,049
6,819
749
6,069 '"£462
579
8
160 8,815
10
160
8,803
2
14,680
5,260
7,775
1,643
3
22,767
13,117
221
12,306
583
7
9,650
160
9,488
2
486 11,305
11,058
261 10,797
10,889
289 10,600
11,834
707
700
7
452
738
732
6
441
10
431
9,879
233
9,646
736
732
4
505
11
495
9,648
265
9,383
670
666
4
495
719
715
4
543
11
531
10,573
240
10,334
13,432
5,083
6,081
2,265
3
22,115
14,177
1,644
11,958
568
8
7,938
143
7,792
3
8,810
5,083
3,728
4,622
80
80
"75
15
452
391 10,147
95
391
10,053
r
Revised.
p Preliminary.
1. Consists of air and water pollution abatement expenditures only.
2. Consists of manufacturing companies and of privately and cooperatively owned electric utilities and other nonmanufacturing companies.
3. Consists of private septic systems and sewer connections linking household plumbing to street sewers.
9,229
5,260
3,969
15,476
18,388
787
780
7
467
15
452
10,538
485
10,053
37,595 16,115 21,481
34,934
17,159
11,791
37,447 15,974 21,473
35,342 16,874 18,468
35,547
64
64
188
188
675
669
6
431
431
9,692
46
9,646
213
213
495
9,435
52
9,383
5,451
3,806
1,643
3
6,745 16,021
6,592 6,525
221
6,371 "5,934
583
7
154 9,496
7
154
9,488
2
242 11,593
11,334
62
62
656
653
11
11
531
715
711
4
572
14
558
10,047
208
9,839
531
168 10,405
168
72
10,334
226 11,108
63
63
14
14
"i50
150
652
648
4
558
558
9,897
58
9,839
4. Feedlot operations only; see footnote 1 to table 7.
5. Public sewer systems consist of treatment plants, collection sewers, interceptor sewers, pumping stations, and
dry-waste, disposal
plants.
Spending
.
.
.
„ to operate
.
.public sewer systems is classified in the national income and product
accounts as business spending. Government enterprise purchases of fixed capital (primarily for construction of public
sewer systems) is classified in the national income and product accounts as government spending.
NOTE.—Line numbers correspond to those in table 7.
May 1993
SURVEY OF CURRENT BUSINESS
Comprehensive Revision of Local Area
Personal Income Estimates, 1969-90
By Wallace K. Bailey
describes the comprehensive reT
vision of the estimates of personal income
for counties and metropolitan areas for 1969HIS ARTICLE
90. For each of these local areas, tables 1 and 2
present the revised estimates of personal income
and per capita personal income for 1989-90 and
new estimates for 1991.
A comprehensive revision of the local area estimates of personal income is made approximately
every 5 years to incorporate the changes that
result from a comprehensive revision of State personal income and new source data and estimating
methods for local areas.1 This local area revision
incorporates results from the 1992 comprehensive revision of State personal income, which
in turn incorporated results from the 1991 comprehensive revision of the national income and
product accounts (NIPA'S) and the 1992 annual
2
NIPA revision.
In addition, this revision incorporates extensively revised metropolitan area
definitions that reflect data from the 1990 Census
of Population.
Table 1 presents estimates for the county-based
metropolitan areas that are defined for statistical purposes by the Office of Management and
Budget. Revisions to the definitions of these areas
are discussed in the section "New metropolitan
area definitions." Table 2 presents estimates for
counties and county equivalents. For Virginia,
estimates are presented for the larger independent cities as well as for most counties; estimates
for the smaller independent cities are combined
with estimates for their adjacent counties.
1. The timing of the availability of some of these source data will make
it necessary to revise the State and local area estimates independently of this
comprehensive revision. In April of 1994, the State and local area estimates for
1981-91 will be further revised in order to complete the incorporation of the
data from the 1987 Census of Agriculture and the 1990 Census of Population
and to incorporate 1987-89 data from the Internal Revenue Service on the
income of sole proprietorships and partnerships. (The Internal Revenue
Service data currently used to estimate the income of sole proprietorships
and partnerships by county are for 1981-83.)
2. See "The Comprehensive Revision of the U.S. National Income and
Product Accounts: A Review of Revisions and Major Statistical Changes,"
SURVEY OF CURRENT BUSINESS 71 (December 1991): 24-40; "Annual Revision
of the U.S. National Income and Product Accounts," SURVEY 72 (July 1992):
6-45; and "The Comprehensive Revision of State Personal Income," SURVEY
72 (August 1992): 44-59-
Changes in source data and estimating methods
This section describes the changes in subnational
source data and estimating methods that were
introduced for specific components of personal
income in this comprehensive revision; most of
these changes resulted from the use of census
data that were not available at the time of the
last comprehensive revision. Not discussed are
changes resulting from the comprehensive NIPA
revisions that involved detailed estimation that
cannot be replicated for the State and local area
estimates. Those changes were implicitly incorporated into the State estimates through the use
of the national estimates of about 400 detailed
subcomponents of personal income as the "control totals" to which the State estimates are made
to sum; the county estimates in turn are made to
sum to the State estimates.
Wage and salary disbursements.—The 1987-91
county estimates of the wages and salaries of
the employees of farms and farm labor contractors in most States are now based on data from
the 1987 Census of Agriculture; because pertinent
annual data are not available, the geographic distributions from the 1987 census are used without
change for each subsequent year. The estimates
for 1983-86 are based on straight-line interpolations between data from the 1982 and the 1987
censuses. For States with legally mandated unemployment insurance (ui) coverage of these
employees and States where voluntary coverage
by employers is near-complete, the data reported
by employers on ui tax returns are used in preference to the census data because the ui data are
available annually. For the wages of farm employees, the number of States for which the ui
data are used has now been increased to ten; for
the wages of the employees of farm labor contractors, the ui data continue to be used for only
three States.
Farm proprietors' income.—The 1987-91 county
estimates of most of the components of gross
farm income and expenses for which census of
SURVEY OF CURRENT BUSINESS
64 • May 1993
agriculture data are used are now based on data
from the 1987 census; the 1987 geographic distributions are extrapolated to subsequent years
by pertinent data, if available, or used without
change for each subsequent year. The 1983-86 estimates are derived from interpolations between
the 1982 and 1987 censuses. The 1987 census
data for "other" farm related income and "other"
production expenses will be incorporated into
the estimates when the 1992 county estimates are
released in April 1994.
Personal interest income.—The 1990-91 county
estimates of interest from State and local government bonds are now based on data on the
number of high-income households from the
1990 Census of Population; because pertinent
annual data are not available, the 1990 geographic distributions are used without change
for 1991. The 1981-89 estimates are now derived from straight-line interpolations between
data from the 1990 census and comparable data
from the 1980 census.
Rental income of persons.—The 1990-91 county
estimates of imputed rent (the net rental value
of owner-occupied nonfarm dwellings) are now
based on data on the number and value of owneroccupied houses and mobile homes from the
1990 Census of Housing; because pertinent annual data are not available, the 1990 geographic
distributions are used without change for 1991.
The 1981-89 estimates are now derived from in-
terpolations between data from the 1990 census
and comparable data from the 1980 census.
Transfer payments.—The county estimates now
incorporate two definitional changes that affected the national estimates—the reclassification of bad debt losses as financial transactions
and the reclassification of the benefits paid by
the Pension Benefit Guaranty Corporation from
business transfer payments to Federal transfer
payments. As a result of the reclassification
of bad debt losses, the subcomponent for consumer bad debts was discontinued. As a result
of the reclassification of the benefits, the scope of
the subcomponent that consisted of all business
transfer payments except consumer bad debts was
reduced, and a new subcomponent of Federal
transfer payments was established. The national
estimate of this subcomponent is allocated to
States and counties in proportion to social security benefits, which are assumed to reflect the
geographic distribution of the retired population. Previously, the national estimate of the
subcomponent that included these benefits was
allocated to States and counties in proportion to
the civilian population.
Adjustment for residence.—The 1971-79 estimates
of this adjustment—the net flow of the earnings of intercounty commuters—were revised for
selected counties. The 1970 and 1980 residence
adjustments are based primarily on the BEA wage
and salary estimates and on journey-to-work data
Acknowledgments
The comprehensive revision of the local area personal income estimates was prepared by the Regional
Economic Measurement Division under the direction of
Linnea Hazen, Chief. The preparation of the estimates
was a divisionwide effort.
Estimates of nonfarm labor income (wages and
salaries and other labor income) were prepared by the
Regional Wage Branch under the supervision of Sharon
C. Carnevale, Chief. Major responsibilities were assigned
to Michael G. Pilot, John A. Rusinko, and James M.
Scott. Contributing staff members were E. Frances Bake,
Christopher T. Berry, Elizabeth P. Cologer, Susan P. Den
Herder, Elizabeth A. Freeman, Lela S. Lester, Russell C.
Lusher, Richard A. Lutyk, Paul K. Medzerian, Lisa C Ninomiya, Michael Phillips, Adrienne T. Pilot, William E.
Reid, jr., Dolores A. Rynn, Victor A. Sahadachny, Eugene
L. Souder, Darken K. Won, and Jaime Zenzano.
Estimates of farm earnings (wages and salaries, other
labor income, and proprietors' income), personal tax
and nontax payments, and the residence adjustments
were prepared by the Quarterly Income Branch under
the supervision of Robert L. Brown, Assistant Division
Chief. Major responsibilities were assigned to James M.
Zavrel. Contributing staff members were Elaine M. Briccetti, Daniel R. Corrin, Richard H. Grayson, and Daniel
Zabronsky.
Estimates of nonfarm proprietors' income, dividends,
interest, rent, transfer payments, and personal contributions for social insurance were prepared by the
Proprietors* Income Branch under the supervision of
Bruce Levine, Chief. Major responsibilities were assigned to Charles A. Jolley. Contributing staff members
were Catherine G. Cumberland, Toan A. Ly, Michael S.
Wagner, Ellen M. Wright, and Marianne A. Ziver.
The assembly of public use tabulations and data files
and the preparation of the text and tables for this article
were performed by the Regional Economic Information
System Branch. Major responsibilities were assigned to
Kathy A. Albetski, Wallace K. Bailey, Kenneth P. Berkman, and Gary V. Kennedy. Contributing staff members
were H. Steven Dolan, Louise T. Johnson, Susan J. LeaseTrevathan, Jeffrey L. Newman, Michael J. Paris, Albert
Silverman, Callan S. Swenson, Hilda G. Tolson, Monique
B. Tyes, and Mary C. Williams.
SURVEY OF CURRENT BUSINESS
from the censuses of population, but they also reflect modifications for 187 counties for which the
BEA wage estimates and the census journey-towork data are inconsistent. The 1971-79 estimates
now reflect an improved method of interpolation between the census-year estimates for these
counties. Journey-to-work data from the 1990
Census of Population will be incorporated into
the county residence adjustments for 1981 and
later years when the 1992 county estimates are
released in April 1994.
New metropolitan area definitions
The metropolitan area (MA) definitions used
by BEA for its MA personal income estimates
are the county-based definitions issued by the
Office of Management and Budget (OMB) for
Federal statistical purposes. These areas consist of 52 primary metropolitan statistical areas (PMSA'S), 239 metropolitan statistical areas
(MSA'S), and 12 New England county metropolitan areas (NECMA'S).3 The PMSA'S and one NECMA
are grouped into 17 consolidated metropolitan
statistical areas (CMSA'S).
The estimates presented here use the revised
MA definitions issued by OMB in December 1992.
These revised definitions reflect, for the first time,
results of the 1990 Census of Population together
with some minor changes to the standards for
MA definition. The most important changes to
the definitions were the recognition of eight new
MSA'S and one new NECMA, the addition of many
previously nonmetropolitan counties to existing
MA'S, and changes to the structure of more than
one-half of the CMSA'S.
A total of 97 formerly nonmetropolitan counties were added to MA'S by the redefinitions,
mainly because of increasing rates of commuting
to work by the counties' residents into the central counties of the MA'S.4 Ten of these counties
3. For the New England region, BEA uses a county-based definition of
MA'S, rather then a definition in terms of cities and towns, because the
available data for cities and towns are insufficient.
A list of the metropolitan areas and their definitions (Accession Number
PB 93-111-7313) is available from the National Technical Information Service
(NTIS); write to NTIS, Document Sales, 5205 Port Royal Road, Springfield, VA
22161, or call (703) 487-4650.
4. For the purposes of MA definition, many counties that are commonly
considered to be suburban in character are defined as central counties.
are in the new MA'S, and 87 were added to existing MA'S. A total of 18 counties were deleted
from MA'S, mainly because of slower population
growth. The net effect of these additions and
deletions was to transfer $70.3 billion from nonmetropolitan to metropolitan personal income in
1991.
Many of the largest MA'S, including five of
the seven largest, were extensively changed in
these new definitions. (The seven largest MA'S—
those centered on New York City, Los Angeles,
Chicago, Washington-Baltimore, San Francisco,
Philadelphia, and Boston—together accounted
for almost one-third of the Nation's personal income in 1991.) The Washington-Baltimore CMSA
was created by the consolidation of the former
MSA'S centered on Washington, DC, Baltimore,
MD, and Hagerstown, MD; each of these areas
is now recognized as a PMSA. In addition, eight
formerly nonmetropolitan counties were added
to the CMSA and to the Washington, DC-MD-VAwv PMSA. Four formerly separate NECMA'S were
merged into the Boston NECMA, which now extends north to include Rochester, Portsmouth,
and Manchester, NH; west to include Fitchburg
and Worcester, MA; and south to include Fall
River and New Bedford, MA. The most striking change to the New York CMSA was to its
internal structure. Five former PMSA'S in New
Jersey and one former PMSA on Long Island were
merged into the former New York, NY PMSA,
which is now called the New York-Newark, NYNJ-PA PMSA (a formerly nonmetropolitan county
in Pennsylvania was also added).5 The internal
structure of the Chicago CMSA was also changed,
as three former PMSA'S were merged into the
Chicago, IL PMSA, which now comprises all of
the Illinois portion of the CMSA except the newly
added Kankakee, IL PMSA. The Philadelphia CMSA
was changed in composition, as the Trenton, NJ
PMSA was transferred to the New York CMSA, and
as the former Atlantic City, NJ MSA was added as
the Atlantic-Cape May, NJ PMSA.
Tables 1 and 2 follow beginning on page 67. H
5. OMB has some of the changes to the PMSA composition of the
New York CMSA under reconsideration, but no changes to the current MA
definitions will be reflected in the BEA estimates until April 1994.
May 1993
66 • May 1993
SURVEY OF CURRENT BUSINESS
Data Availability
Personal income by type of payment and earnings by Standard
Industrial Classification (sic) division, as shown in table A, are available for metropolitan areas and counties for 1969-91. A version of
this table that presents earnings by sic two-digit industry is also
available. In addition, there are supplemental tables for employment
by sic division (the "one-digit" level), for transfer payments by program, and for major categories of farm income and expenses.
These tables are available on magnetic tapes, computer printouts,
microcomputer diskettes, and a CD-ROM. Each table for all years of
data for all the metropolitan areas or for all the counties is available
on a single reel of magnetic tape, but the more detailed (sic twodigit industry) income table requires two reels at standard blocksize;
the price of each reel of magnetic tape is $100. The tables on computer printouts are priced by the page; the minimum charge is $10.
The tables on diskette are priced at $20 per diskette.
The entire set of these tables for all counties and metropolitan
areas and for all years will be available on a CD-ROM to be released in June 1993. This CD-ROM will also contain quarterly State
estimates of personal income for 1969-92, gross state product for
1977-89, projections of State and metropolitan area personal income and employment to 2040, and a description of the sources
and methods used to estimate local area personal income. The
CD-ROM is designed for use with microcomputers equipped with
the MS-DOS operating system and includes a program to help
users select, display, print, and copy the tables. The price is
$35-00.
Materials available without charge include a sample packet of all
available tables, a list of the State agencies and university research
bureaus from which the BEA State and local area estimates can be
obtained, and the description of sources and methods used to prepare the local area estimates.
All of these materials are available from the Regional Economic
Information System, BE-55, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230. Until June 18,
1993, the phone number is (202) 254-6630; after June 18, call (202)
606-5360.
Table A.—Example of Available Data for Local Areas: Personal Income by Major Source and Earnings by
Major Industry, 1986-91'
[Thousands of dollars]
New London County, Connecticut
1986
1987
1988
1989
1990
1991
4,079,670
4,046,686
32,984
4,401,289
4,362,729
38,560
4,670,110
4,628,078
42,032
5,012,395
4,968,263
44,132
5,171,023
5,114,590
56,433
5,313,030
5,261,961
51,069
249.1
16,375
251.0
17,538
254.3
18,367
254.9
19,667
255.1
20,269
254.7
20,863
3,035,287
184,096
11,480
2,862,671
704,328
512,671
3,302,610
205,714
32,248
3,129,144
735,013
537,132
3,499,725
225,425
63,995
3,338,295
764,542
567,273
3,697,763
247,000
78,985
3,529,748
857,923
624,724
3,759,125
250,377
93,758
3,602,506
863,104
705,413
3,867,219
264,095
56,509
3,659,633
869,122
784,275
Earnings by type:
Wages and salaries ..
Other labor income ...
Proprietors' income7 .
Farm
Nonfarm
2,589,149
247,052
199,086
22,847
176,239
2,811,204
256,349
235,057
28,028
207,029
2,963,982
277,775
257,968
31,234
226,734
3,124,170
306,268
267,325
32,294
235,031
3,157,560
311,999
289,566
41,998
247,568
3,246,391
335,744
285,084
36,922
248,162
Earnings by industry:
Farm
Norrfarm
Private
Ag. sen/., for., fish., and other8
Mining
Construction
Manufacturing
Nondurable goods
Durable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government and government enterprises
Federal, civilian
Military
State and local
32,984
3,002,303
2,314,014
8,711
-1,093
172,172
1,069,993
251,223
818,770
155,873
75,387
300,438
48,017
484,516
688,289
119,676
291,095
277,518
38,560
3,264,050
2,516,242
12,019
964
191,279
1,085,737
263,609
822,128
170,358
88,247
327,170
80,656
559,812
747,808
132,857
298,028
316,923
42,032
3,457,693
2,664,793
14,561
2,948
233,873
1,046,340
271,464
774,876
175,427
96,021
358,499
86,129
650,995
792,900
140,846
296,219
355,835
44,132
3,653,631
2,810,889
13,339
2,474
244,049
1,101,008
291,077
809,931
192,917
103,446
366,397
77,439
709,820
842,742
144,193
298,470
400,079
56,433
3,702,692
2,809,281
14,691
3,622
185,976
1,115,419
307,796
807,623
193,751
97,666
347,945
82,119
768,092
893,411
157,534
310,204
425,673
51,069
3,816,150
2,880,661
15,145
4,649
170,939
1,151,970
329,644
822,326
208,036
98,950
340,053
72,387
818,532
935,489
155,633
315,756
464,100
Income by Place of Residence
Total personal income
Nonfarm personal income
Farm income2
Population (thousands)3
Per capita personal income (dollars) .
Derivation of total personal income:
Total earnings by place of work
Less: Personal cont. for social insur.4 ...
Plus: Adjustment for residence5
Equals: Net earn, by place of residence
Plus: Dividends, interest, and rent 6
Plus: Transfer payments
Earnings by Place of Work
1. 1986-87 based on 1972 SIC. 1988-91 based on 1987 SIC.
2. Farm income consists of proprietors' net farm income, the wages of hired labor, the payin-kind of hired farm labor, and the salaries of officers of corporate farms.
3. Census Bureau midyear population estimates. 1986-89 are revised as of January 1992 to
reflect 1980 and 1990 Census population counts. The 1991 Census county population estimates
have been adjusted by BEA to be consistent with 1991 Census State population estimates released in January 1993.
4. Personal contributions for social insurance are included in earnings by type and industry
but excluded from personal income.
5. U.S. adjustment for residence consists of adjustments for border workers: income of U.S.
residents commuting outside U.S. borders to work less income of foreign residents commuting
inside U.S. borders to work plus certain Caribbean seasonal workers.
6. Includes the capital consumption adjustment for rental income of persons.
7. Includes the inventory valuation and capital consumption adjustments.
8. "Other" consists of wages and salaries of U.S. residents employed by international organizations and foreign embassies and consulates in the U.S.
0
Not shown to avoid disclosure of confidential information.
'• Less than $50,000. Estimates are included in totals.
May 1993 •
SURVEY OF CURRENT BUSINESS
6y
Table 1.—Total Personal Income and Per Capita Personal Income by Metropolitan Area, 1989-91
Per capita personal income 3
Total personal income
MIlions of dollars
Area name
1989
1
United States
Metropolitan portion
Nonmetropolitan portion
Percenl
change 2
1990
1991
4,367,719 4,648,867 4,813,897
3,677,357 3,914,763 4,049,328
690,362
734,104
764,569
1990-91
3.5
3.4
4.1
Dollars
1989
1990
1991
Consolidated Metropolitan
Statistical Areas
169,284
31,324
52,227
74,294
38,239
100 729
66,102
180,082
33,610
55,236
79,524
40,760
104 786
72,280
185,545
34,898
56,416
83,342
43,078
106 651
77,190
3.0
3.8
2.1
4.8
5.7
6.8
20,604
17,338
18,248
18,732
19,403
19 468
17,892
282,586
59,731
29,775
301,424
63,230
31,653
306,481
65,008
32,730
1.7
2.8
3.4
19,825 20,600 20,683
19,048 19,684 19,980
18,655 19,639 20,168
465,161
490,980
500,515
1.9
23,907 25,212 25,676
119,688
30,472
25,976
127,197
33,033
28,405
131,012
34,866
29,904
3.0
5.5
5.3
20,388 21,546 22,125
17,368 18,275 18,775
17,964 19,016 19,519
144,996
55,883
156,146
61,587
161,221
65,302
3.2
6.0
23,477 24,860 25,463
19,377 20,523 21,425
149,788
158,709
163,407
3.0
22,507 23,496 23,959
Abilene, TX
Akron, OH*
Albany, GA
Albany-Schenectady-Troy, NY
Albuquerque, NM
Alexandria, LA
Allentown-Bethlehem-Easton, PA ...,
Altoona, PA
Amarillo, TX
Anchorage, AK
1,779
11,171
1,530
15,728
9,139
1,760
10,611
1,803
2,939
5,152
1,839
11,845
1,633
16,650
9,704
•1,877
11,200
1,912
3,071
5,501
1,939
12,117
1,719
17,196
10,285
2,007
11,548
1,994
3,234
5,767
14,876
17,025
13,540
18,294
15,691
13,283
17,979
13,784
15,741
22,637
15,360
17,992
14,522
19,306
16,335
14,296
18,759
14,646
16,343
24,340
16,347
18,234
15,133
19,783
17,040
15,230
19,176
15,175
17,042
24,464
Ann Arbor, Ml*
Anniston, AL
Appleton-Oshkosh-Neenah, Wl
Asheville, NC
Athens, GA
Atlanta, GA
Atlantic-Cape May, NJ*
Augusta-Aiken, GA-SC
Austin-San Marcos, TX
Bakersfield, CA
9,931
1,527
5,044
2,968
1,775
55,619
7,445
5,962
13,182
7,866
10,465
1,601
5,391
3,246
1,905
59,719
7,876
6,531
14,694
8,559
10,654
1,672
5,634
3,405
1,971
61,956
8,022
6,828
15,805
8,954
5.4
2.3
5.3
3.3
6.0
6.9
3.1
4.3
5.3
4.8
1.8
4.4
4.5
4.9
3.5
3.7
1.9
4.6
7.6
4.6
20,484
13,090
16,150
15,572
14,202
19,133
23,507
15,201
15,898
14,760
21,267
13,817
17,050
16,882
15,028
20,042
24,575
16,483
17,236
15,639
21,369
14,434
17,618
17,451
15,428
20,304
24,856
16,792
18,081
15,791
Baltimore, MD*
Bangor, ME (NECMA)
Barnstable-Yarmouth, MA (NECMA)
Baton Rouge, LA
Beaumont-Port Arthur, TX
Bellingham, WA
Benton Harbor, Mi
Billings, MT
Biloxi-Gulfport-Pascagoula, MS
Binghamton, NY
48,442
2,176
4,189
7,138
5,533
1,855
2,500
1,793
3,910
4,434
51,501
2,300
4,313
7,633
5,870
2,090
2,595
1,879
4,159
4,616
52,778
2,361
4,381
8,148
6,371
2,227
2,676
2,043
4,405
4,783
20,499
14,937
22,733
15,120
15,262
14,912
15,527
15,768
12,507
16,730
21,551
15,649
23,002
16,254
16,264
16,207
16,061
16,574
13,313
17,456
21,874
16,043
23,319
17,032
17,361
16,754
16,576
17,608
13,930
18,048
16,490
14,794
13,535
17,876
16,070
17,634 18,210
15,998 16,702
14,391 14,957
18,894 19,401
17,116 17,625
201
106
260
60
162
253
75
257
161
11
33
278
139
147
243
48
10
176
112
229
29
217
16
163
151
178
187
141
284
114
107
182
270
66
136
22,215 22,971 23,480
20,335 21,604 22,169
17,113 18,378 19,104
16,007 16,859 17,488
14
24
76
144
301
293
94
68
177
95
79
145
256
152
88
71
160
131
17
258
70
294
53
134
126
130
Chicago-Gary-Kenosha, IL-IN-WI ....
Cincinnati-Hamilton, OH-KY-IN
Cleveland-Akron, OH
Dallas-Fort Worth, TX
Denver-Boulder-Greeley, CO
Detroit-Ann Arbor-Flint, Ml
Houston-Galveston-Brazoria, TX
Los Angeles-Riverside-Orange
County, CA
Miami-Fort Lauderdale, FL
Milwaukee-Racine, Wl
New York-No. New Jersey-Long
Island, NY-NJ-CT-PA
Philadelphia-Wilmington-Atlantic
City, PA-NJ-DE-MD
Portland-Salem, OR-WA
Sacramento-Yolo, CA
San Francisco-Oakland-San Jose,
CA
Seattle-Tacoma-Bremerton, WA
Washington-Baltimore, DC-MD-VAWV
1 8
21,823
18,445
19,312
19,570
20,542
20174
19,300
22,255
18,937
19,589
20,157
21,170
20 402
20,007
Birmingham, AL
Bismarck, ND
Bloomington, IN
Bloomington-Normal, IL
Boise City, ID
Boston-Brockton-Nashua, MA-NH
(NECMA)
Boulder-Longmont, CO*
Brazoria, TX*
Bremerton, WA*
Brownsville-Harlingen-San Benito,
TX
Bryan-College Station, TX
Buffalo-Niagra Falls, NY
Burlington, VT (NECMA)
Canton-Massillon, OH
Casper, WY
Cedar Rapids, IA
Champaign-Urbana, IL
Charleston-North Charleston, SC ....
Charleston, WV
Charlotte-Gastonia-Rock Hill, NC-SC
Charlottesville, VA
Chattanooga. TN-GA
Cheyenne, WY
Chicago, IL*
Chico-Paradise, CA
Cincinnati. OH-KY-IN*
Clarksville-Hopkinsville, TN-KY
Cleveland-Lorain-Elyria, OH*
Colorado Springs, CO
Columbia, MO
Columbia, SC
13,810
1,248
1,461
2,263
4,665
14,839
1,339
1,574
2,459
5,098
15,489
1,415
1,647
2,557
5,466
126,238
4,541
3,265
2,944
130,704
4,885
3,530
3,233
132,931
5,145
3,804
3,516
1.7
5.3
7.8
8.7
2,236
2,469
2,641
1,425
20,160
3,155
6,142
1,008
2,976
2,751
6,329
3,862
20,037
1,519
21,273
3,384
6,523
1,111
3,142
2,944
7,586
4,161
21,690
1,610
22,038
3,467
6,660
1,146
3,256
3,038
7,958
4,397
22,312
2,371
6,254
1,168
156,220
2,523
26,726
2,033
41,056
6,456
1,798
7,374
2,510
6,639
1,248
166,223
2,731
28,703
2,100
43,390
6,705
1,922
7,923
2,570
6,886
1,307
171,283
2,836
29,759
2,210
44,298
7,138
2,046
8,214
7.0
6.0
3.6
2.5
2.1
3.2
3.6
3.2
4.9
5.7
2.9
2.4
3.7
4.7
3.0
3.8
3.7
5.2
2.1
6.5
6.5
3.7
8,709
9,448
9,824
11,781
16,884
18,019
15,569
16,105
17,764
15,947
12,642
15,319
17,502
12,430
17,902
19,030
16,550
18,265
18,559
16,990
14,897
16,645
18,562
13,068
18,466
19,369
16,778
18,461
19,079
17,460
15,200
17,343
18,757
18,250
15,720
16,023
21,146
14,104
17,603
12,142
18,611
16,474
16,114
16,405
19,081 19,240
16,588 17,069
17,043 17,664
22,395 22,849
14,900 15.172
18,766 19.273
12,338 13.033
19,706 19,995
16,807 17.651
17,055 17,782
17,421 17,708
Fort Wayne, IN
Fort Worth-Arlington, TX*
Fresno, CA
Gadsden, AL
Gainesville, FL
Galveston-Texas City, TX*
Gary, IN*
Glens Falls, NY
Goldsboro, NC
Grand Forks, ND-MN
1989
1990
1991
16,965
6,292
1,985
2,093
33,827
7,87'
2,093
2,152
35,787
8,230
87,112
1,945
1,624
1,383
3,645
5,676
88,465
2,056
1,708
1,431
3,851
5,768
5.5
2.9
5.8
4.5
1.6
5.7
5.2
3.5
5.7
1.6
13,998
16,893
19,646
18,674
19,686
14,038
14,069
14,9214,321
20,913
15,056
17,898
20,802
19,962
20,394
14,828
14,565
15,992
15,200
21,848
15.63
18,258
21,44
20,570
20,585
15,564
14,9216.469
15,979
22,093
1,982
6,398
2,518
1,442
869
4,220
4,193
4,586
2,246
3,412
2,105
6,809
2,603
1,511
909
4,474
4,48:
4,87
2,444
3,559
2,185
7,198
2,657
1,569
930
4,693
4,651
5,02
2,54
3,755
3.8
5.7
2.1
3.8
2.4
4.9
3.7
3.1
4.0
5.5
14,510 15,261
10,992 11,441
16,321 16,585
15,151 15,868
15,07- 16,095
15,284 16,239
15,083 15,760
16.473 17,438
14,712 15,91
12,49; 12,933
15,697
11,764
16,857
16,486
16,489
16,886
16,145
17,863
16,354
13,582
3,028
6,963
1,689
1,499
2,959
26,795
6,019
4,660
2,305
2,120
3,315
7,209
1,84:
1,703
3,211
28,412
6,501
5,145
2,469
2,292
3,48;
7,532
1,943
1,799
3,400
29,11,
6,723
5,31
2,558
2,459
5.2
4.5
5.2
5.7
5.9
2.5
3.4
3.2
3.6
7.3
14.555 15,634 15,98;
16,168 16,743 17,459
12,798 14,084 14.600
13,149 14,86; 15,369
16,12; 17,162 17,65;
21,764 22,478 22,620
18,629 19,150 19,392
19,284 20,215 20,44'
13,187 13,99' 14,324
15,038 15,832 16,574
7,785
23,263
11,117
1,277
2,708
3,599
9,462
1,765
1,31;
1,401
8,141
24,873
12,122
1,328
2,947
3,822
10,013
1,849
1,393
1,508
8,270
26,118
12,490
1,374
3,120
4,083
10,280
1,913
1,459
1,54!
1.6
5.0
3.0
3.5
5.9
6.8
2.7
3.5
4.8
2.6
17,191
17.41!
15,023
12,769
15,151
16,62;
15,630
14,983
12,624
13,542
17,788 17,962
18.153 18,714
15,926 15,994
13,299 13,739
16,139 16,74:
17,549 18.316
16,564 16,811
15,560 15,933
13,270 13,756
14,621 15.020
15,676
1,212
1,951
3,294
16,600
1,256
2,048
3,562
17,162
1,343
2,147
3,740
7.0
4.8
5.0
16,905
15,567
14,827
17,624 18,008
16,170 17,104
15,518 16,052
18,230 18,837
1,832
1,998
31,74'
7,258
83,835
1,832
1,544
1,289
3,450
5,412
Collins-Loveland, CO
Lauderdale, FL*
Myers-Cape Coral, FL
Pierce-Port St. Lucie, FL
Smith, AR-OK
Walton Beach, FL
1990-9
14,11
15,028 15,401
17,34! 18.161 18,63C
14,52
15,273
13,39
13.40C 14,18' 14,768
19,403 20,29' 20,892
14,175 14,989 15.2216.50; 17,771 18.092
17,01" 17,80* 18.302
15,16" 15,574 15,742
Decatur, AL
Decatur, IL
Denver, CO*
Des Moines, IA
Detroit, Ml*
Dothan, AL
Dover, DE
Dubuque, IA
Duluth-Superior, MN-WI
Dutchess County, NY*
Fort
Fort
Fort
Fort
Fort
Fort
3,91
1991
3.8
4.1
7.0
4.3
4.7
2.5
2.9
3.1
3.5
3,694
23,11
4,67!
1,364
51,03'
1,566
5,81'
16,135
5,863
Florence, SC
1990
Rank in
U.S.
Dollars
4,064
25,526
5,44:
1,504
57,224
1,663
6,412
17,499
6,51
Columbus, GA-AL
Columbus, OH
Corpus Christi, TX
Cumberland, MD-WV
Dallas, TX*
Danville, VA
Davenport-Moline-Rock Island, IA-IL
Dayton-Springfield, OH
Daytona Beach, FL
Fayetteville-Springdale-Rogers, AR .
Flint, Ml*
Florence, AL
Percent
change
Millions of dollars
1989
Eau Claire, Wl
El Paso, TX
Elkhart-Goshen, IN
Elmira, NY
Enid, OK
Erie, PA
Eugene-Springfield, OR
Evansville-Henderson, IN-KY
Fargo-Moorhead, ND-MN
Fayetteville, NC
Metropolitan Statistical Areas 4
2.5
2.7
1.6
6.8
8.5
6.5
3.1
8.7
5.9
3.6
4.4
5.7
4.6
4.0
7.2
Area name
1991
17,696 18,635 19,091
18,783 19,747 20,198
13,526 14,333 14,795
Per capita personal income 3
Total personal income
Rank in
U.S.
24,52'
5,086
1,442
54,65'
1,622
6,230
Grand Rapids-Muskegon-Holland,
Ml
Great Falls, MT
Greeley, CO*
Green Bay, Wl
Greensboro- Winston-Salem-High
Point, NC
Greenville, NC
Greenville-Spartanburg-Anderson,
SC
Hagerstown, MD*
Hamilton-Middletown, OH *
Harrisburg-Lebanon-Carlisle, PA
18,696
1,587
19,668
1,753
20,195
1,852
2.7
5.6
17,965
14,927
18,661
16,154
18,943
16,729
12,463
1,892
4,598
9,941
13,352
1,985
4,907
10,534
13,775
2,074
5,139
10,971
3.2
4.5
4.7
4.1
15,140
15,712
15,939
16,997
16,021
16,304
16,768
17,875
16,333
16,845
17,200
18,430
Hartford, CT (NECMA)
Hickory-Morganton, NC
Honolulu, HI
Houma, LA
Houston, TX*
Huntington-Ashland, WV-KY-OH
Huntsville, AL
Indianapolis, IN
Iowa City, IA
Jackson, Ml
26,223
4,429
16,270
2,138
59,238
3,816
4,925
24,773
1,593
2,257
27,502
4,687
17,992
2,296
64,927
4,049
5,320
26,656
1,721
2,339
27,965
4,804
27,900
1,801
2,418
1.7
2.5
4.7
6.0
6.7
4.3
5.9
4.7
4.7
3.4
23,392
15,242
19,638
11,614
18,020
13,164
16,954
18,072
16,862
15,175
24,443
15,987
21,440
12.577
19,468
14,070
18.092
19,253
17,790
15,575
24,911
16,247
22,102
13,152
20.169
14,622
18.763
19,844
18,524
16,039
Jackson, MS
Jacksonville, FL
Jacksonville, NC
Jamestown, NY
Janesville-Beloit, Wl
Johnson City-Kingsport-Bristol, TNVA
Johnstown, PA
Joplin, MO
Kalamazoo-Battle Creek, Ml
Kankakee, IL*
5,776
14,944
1,536
2,044
2,150
6,111
16,030
1,490
2,145
2,299
6,411
16,747
1,518
2,222
2,326
14,670
16,799
10,431
14,336
15,451
15,424 15,991
17,561 17,937
9,879 10,537
15,133 15,628
16,454 16,461
5,919
3,248
1,832
6,905
1,473
6,371
3,443
1,939
7,185
1,601
6,668
3,611
2,054
7,529
1,667
Kansas City, MO-KS
Kenosha, Wl*
Killeen-Temple, TX
Knoxville, TN
Kokomo, IN
La Crosse, WI-MN
Lafayette, LA
Lafayette, IN
Lake Charles, LA
Lakeland-Winter Haven, FL
29,098
2,128
3,221
8,987
1,644
1,812
4,278
2,385
2,244
5,769
30,706
2,246
3,372
9,594
1,690
1,947
4,670
2,553
2,455
6,043
31,985
2,315
3,404
10,106
1,741
2,019
4,979
2,651
2,614
6,294
18,841
2,434
69,303
4,225
5,636
3.6
5.9
4.8
3.1
1.0
5.3
3.0
3.7
6.6
3.8
6.5
13,562 14,609 15,121
13,369 14,298 14,961
13,657 14,339 15,092
16,170 16,692 17,397
15,283 16,630 17,080
18,534
16,771
12.797
15,414
16.864
15,690
12.306
14.857
13.291
14.520
19,336 19,963
17,452 17,560
13.140 13.742
16.337 16.846
17.460 17.754
16.679 17.253
13.566 14.215
15.763 16.184
14,613 15.363
68 • May 1993
SURVEY OF CURRENT BUSINESS
Table 1.—Total Personal Income and Per Capita Personal Income by Metropolitan Area, 1989-91—Continued
Per capita personal income3
Total personal income
Area name
Millions of dollars
1989
1990
1991
Percent
change 2
Dollars
Rank in
U.S.
1990-91
1990
1991
19,071
17,777
9,529
11,831
18,474
14,590
13,862
16,682
18,142
16,369
7,513
7,112
1,058
1,452
14,009
1,087
1,433
1,633
6,578
2,375
8,026
7,469
1,188
1,574
16,055
1,158
1,491
1,704
7,141
2,473
8,209
7,753
1,332
1,664
17,075
1,219
1,548
1,744
7,475
2,535
2.3
3.8
12.2
5.7
6.4
5.3
3.8
2.3
4.7
2.5
18,015
16,531
8,121
10,792
17,363
13,494
12,807
15,582
16,415
15,416
18,884
17,221
8,840
11,587
18,483
14,078
13,386
16,161
17,506
16,004
Lincoln, NE
Little Rock-North Little Rock, AR
Longview-Marshall, TX
Los Angeles-Long Beach, CA*
Louisville, KY-IN
Lubbock, TX
Lynchburg, VA
Macon, GA
Madison, Wl
Mansfield, OH
3,503
8,063
2,772
173,571
16,203
3,165
2,949
4,470
6,733
2,571
3,794
8,690
2,947
184,760
17,369
3,378
3,103
4,704
7,359
2,650
3,992
9,163
3,113
188,230
18,105
3,498
3,170
4,902
7,750
2,673
5.2
5.4
5.6
1.9
4.2
3.5
2.2
4.2
5.3
.9
16,567
15,796
14,321
19,856
17,116
14,301
15,259
15,394
18,580
14,740
17,692 18,429
16.898 17,610
15,193 15,839
20,744 20,967
18,283 18,912
15,138 15,577
15,976 16,113
16,157 16,611
19,950 20,629
15,236 15,348
McAllen-Edinburg-Mission, TX
Medford-Ashland, OR
Melbourne-Titusville-Palm Bay, FL ..
Memphis, TN-AR-MS
Merced, CA
Miami, FL*
Milwaukee-Waukesha, Wl*
Minneapolis-St. Paul, MN-WI
Mobile, AL
Modesto, CA
3,070
2,118
6,624
16,635
2,253
32,936
26,749
50,842
6,319
5,188
3,402
2,296
7,101
17,813
2,399
34,818
28,417
53,949
6,822
5,655
3,687
2,407
7,459
18,714
2,482
35,895
29,367
55,962
7,353
5,887
8.3
4.9
5.0
5.1
3.5
3.1
3.3
3.7
7.8
4.1
8,807 9,230
8,166
14,772 15,570 15,953
17,060 17,629 18,009
16,601 17,645 18,331
12,866 13,358 13,403
17,292 17,871 18,252
18,811 19,785 20,325
20,313 21,138 21,665
13,335 14,268 15,134
14,375 15,119 15,221
Monroe, LA
Montgomery, AL
Muncie, IN
Myrtle Beach, SC
Naples, FL
Nashville, TN
New Haven-Bridgeport-StamfordDanbury-Waterbury, CT*
New London-Norwich, CT (NECMA)
New Orleans, LA
New York-Newark, NY-NJ-PA*
1,830
4,534
1,740
1,844
3,754
17,155
1,941
4,837
1,849
2,141
4,157
18,132
2,065
5,106
1,927
2,251
4,301
19,120
6.4
5.6
4.2
5.1
3.5
5.4
12,820 13,662 14,396
15,523 16,519 17,158
14,500 15,455 16,080
13,075 14,750 15,127
25,745 26,920 26,935
17,622 18,324 19,059
127
302
298
93
277
285
183
110
199
98
140
228
36
84
241
212
185
41
248
303
223
115
101
291
105
47
30
259
254
279
157
215
261
5
81
42,904
45,060
5,171
20,917
425,521
45,748
5,313
21,999
433,921
1.5
2.7
5.2
2.0
26,281 27,602 28,021
19,667 20,269 20,863
15,181 16,314 16,959
23,794 25,110 25,583
165
7
23,850
48,437
2,727
3,902
15,648
2,797
11,853
58,637
6,023
21,755
24,942
49,735
2,866
4,136
16,318
3,047
12,374
58,808
6,175
22,625
4.6
2.7
5.1
6.0
4.3
8.9
4.4
.3
2.5
4.0
15,899 16,448 17,030
22,008 23,135 23,545
13,456 13,835 14,158
16,271 17,304 17,980
15,576 16,302 16,799
16,215 17,162 17,966
17,216 18,485 19,037
23,390 24,172 24,077
18,982 19,489 19,802
17,018 17,562 17,832
1,437
2,033
2,341
5,423
6,289
14,892 15,765 16,387
13,866 14,812 15,580
14,128 15,080 15,671
14,077 14,788 15,328
16,999 18,139 18,383
20,232 21,381 22,014
17,148 17,834 18,156
12,570 13,345 13,749
17,423 18,856 19,579
19,240 20,075 20,513
Norfolk-Virginia Beach-Newport
News, VA-NC
Oakland, CA*
Ocala, FL
Odessa-Midland, TX
Oklahoma City, OK
Olympia, WA*
Omaha, NE-IA
Orange County, CA*
Orange County, NY*
Orlando, FL
5,012
19,684
402,995
22,659
45,177
2,537
3,678
14,907
2,536
10,942
55,381
5,771
20,183
Owensboro, KY
Panama City, FL
Parkersburg-Marietta, WV-OH
Pensacola, FL
Peoria-Pekin, IL
Philadelphia, PA-NJ*
Phoenix-Mesa, AZ
Pine Bluff, AR
Pittsburgh, PA
Pittsfield, MA (NECMA)
1,294
1,730
2,117
4,774
5,775
99,311
37,893
1,079
41,936
2,703
1,377
1,893
2,247
5,121
6,152
105,392
40,112
1,140
45,104
2,791
2,830
4.4
7.4
4.2
5.9
2.2
3.1
3.5
2.6
4.3
1.4
Portland, ME (NECMA)
Portland-Vancouver, OR-WA*
Providence-Warwick, Rl (NECMA) .
Provo-Orem, UT
Pueblo, CO
Punta Gorda, FL
Racine, Wl*
Raleigh-Durham-Chapel Hill, NC
Rapid City, SD
Reading, PA
4,876
26,442
16,382
2,776
1,634
1,727
3,026
15,391
1,169
6,317
5,158
28,633
17,086
3,070
1,724
1,895
3,235
16,810
1,279
6,607
5,214
30,198
17,509
3,360
1,826
1,964
3,362
17,801
1,353
6,776
1.1
5.5
2.5
9.5
5.9
3.6
3.9
5.9
5.9
2.6
20,230
17,844
17,934
10,663
13,252
16,296
17,381
18,332
14,562
18,915
21,142 21,351
18,744 19.235
18,618 19,088
11,592 12,467
14,014 14,795
16,798 16,842
18,442 18,894
19,514 20,170
15,640 16,106
19,573 19,868
Redding. CA
Reno, NV
Richland-Kennewick-Pasco, WA
Richmond-Petersburg, VA
Riverside-San Bernardino, CA*
Roanoke, VA
Rochester, MN
Rochester, NY
2,201
5,225
2,291
17,391
40,241
4,045
2,037
20,478
2,425
5,716
2,483
18,527
44,121
4,319
2,213
21,433
2,552
5,927
2,704
18,876
45,466
4,401
2,330
22,293
5.2
3.7
8.9
1.9
3.0
1.9
5.3
4.0
15,252
21,461
15,426
20,327
16,172
17,993
19,392
19,279
16,383
22,122
16,487
21,310
16,802
19,245
20,680
20,161
108,706
41,497
1,170
47,061
16,579
22,561
17,392
21,416
16,707
19,417
21,354
20,784
164
13
283
117
175
118
82
12
58
125
198
240
235
249
99
28
109
287
61
44
35
72
77
296
273
173
85
49
213
55
186
22
149
32
181
65
34
39
1. The personal income level shown for the United States is derived as the sum of the county estimates; it
differs from the national income and product accounts (NIPA) estimate of personal income because, by definition,
it omits the earnings of Federal civilian and military personnel stationed abroad and of U.S. residents employed
abroad temporarily by private U.S. firms. It can also differ from the NIPA estimate because of different data sources
and revision schedules.
2. Percent change was calculated from unrounded data.
3. Per capita personal income was computed using Bureau of the Census midyear population estimates. The
Area name
Percent
change 2
Millions of dollars
1989
Lancaster, PA
Lansing-East Lansing, Ml
Laredo, TX
Las Cruces, NM
U s Vegas, NV-AZ
Lawrence, KS
Lawton, OK
Lewiston-Auburn, ME (NECMA)
Lexington, KY
Lima, OH
Per capita personal income 3
Total personal income
1990
Rank in
U.S.
Dollars
1989
1990
15,195
1991
1991
121
227
63
135
272
191
45
204
62
234
205
224
59
1
5,613
1,904
5,872
2,030
6,027
2,135
2.6
5.2
17,083
14,385
Sacramento, CA*
Saginaw-Bay City-Midland, Ml
St. Cloud, MN
St. Joseph, MO
St. Louis, MO-IL
Salem, OR*
Salinas, CA
Salt Lake City-Ogden, UT
San Angelo, TX
San Antonio, TX
23,424
6,558
2,071
1,472
47,250
4,029
6,332
15,113
1,443
19,398
25,718
6,840
2,186
1,541
49,848
4,400
6,868
16,252
1,515
20,311
27,128
7,065
2,258
1,613
51,413
4,668
7,108
17,298
1,601
21,501
5.5
3.3
3.3
4.7
3.1
6.1
3.5
6.4
5.7
5.9
17,914
19,540
16,443 17,114 17,631
14,063 14,609 14,912
15,029 15,770 16,471
19,023 19.965 20,507
14,784 15,716 16.255
18,028 19,223 19,572
14,244 15,097 15,687
14,807 15,334 16.252
14,855 15,252 15,950
San Diego, CA
San Francisco, CA*
San Jose, CA*
San Luis Obispo-Atascadero-Paso
Robles, CA
Santa Barbara-Santa Maria-Lompoc,
CA
Santa Cruz-Watsonville, CA*
Santa Fe, NM
Santa Rosa, CA*
Sarasota-Bradenton, FL
Savannah, GA
45,923
44,364
35,400
48,723
47,923
37,894
50,463
49,570
39,077
3.6
3.4
3.1
18,824 19,341
27,802 29,828
23,913 25,201
3,504
3,703
3,827
3.3
16,478
16,926
17,499
143
7,636
4,257
2,002
7,954
10,306
4,104
8,024
4,978
2,263
8,431
10,983
4,364
8,461
5,172
2,409
8,770
11,316
4,506
5.4
3.9
6.4
4.0
3.0
3.3
20,942
18,799
17,433
20,940
21,623
15,995
21,607
21,558
19,201
21,549
22,232
16,873
22,611
22,554
20,154
22,156
22,580
17,161
Scranton-Wilkes-Barre-Hazeltcn, PA
Seattle-Bellevue-Everett, WA*
Sharon, PA
Sheboygan, Wl
Sherman-Denison, TX
Shreveport-Bossier City, LA
Sioux City, IA-NE
Sioux Falls, SD
South Bend, IN
Spokane, WA
9,894
41,539
1,724
1,782
1,437
5,398
1,763
2,271
4,054
5,449
10,438
45,763
1,829
1,863
1,507
5,651
1,882
2.507
4,256
5,888
10,836
48,337
1,915
1,918
1,574
5,951
1,959
2,657
4,384
6,302
3.8
5.6
4.7
2.9
4.4
5.3
4.1
6.0
3.0
7.0
15,477 16,347 16,912
21,051 22,276 23.329
14,193 15,130 15.731
17,247 17,898 18,365
15,172 15,833 16,398
14,226 15,050 15,897
15,392 16,334 16,857
16,398 17,968 18.597
16,487 17,193 17,625
15,290 16,216 16,857
Springfield, IL
Springfield, MO
Springfield, MA (NECMA)
State College, PA
Steubenville-Weirton, OH-WV
Stockton-Lodi, CA
Sumter, SC
Syracuse, NY
Tacoma, WA*
Tallahassee, FL
3,448
3,951
10,893
1,792
1,985
6,921
1,110
12,451
8,865
3,408
3,674
4,236
11,210
1,926
2,098
7,367
1,214
13,206
9,794
3,720
3,795
4,487
11,543
2,035
2,149
7,675
1,283
13,531
10,402
3,948
3.3
5.9
3.0
5.7
2.4
4.2
5.6
2.5
6.2
6.1
18,231
15,137
18.061
14,578
13,732
14,712
10,942
16,774
15,540
14,874
20
23
51
25
21
156
166
15
232
100
196
226
168
91
136
168
57
184
74
207
263
239
297
113
155
195
Tampa-St. Petersburg-Clearwater,
FL
Terre Haute, IN
Texarkana, TX-Texarkana, AR
Toledo, OH
Topeka, KS
Trenton, NJ*
Tucson, AZ
Tulsa, OK
Tuscaloosa, AL
Tyler, TX
35,414
2,063
1,616
10,342
2,916
8,079
9,886
11,613
2,032
2,462
37,437
2,146
1,733
10,705
3,044
8,699
12,414
2,235
2,625
38,761
2,245
1,807
10,882
3,166
8,902
10,886
12,888
2,339
2,792
3.5
4.6
4.3
1.7
4.0
2.3
6.3
3.8
4.6
6.4
17,472 17,977 18,445
13,948 14,547 15,113
13,506 14,401 15,004
16,861 17,416 17,713
18,159 18,887 19.476
24,862 26,661 27.263
14,956 15,300 16,087
16,409 17.493 17,837
13,628 14,797 15,236
16,411 17,291 18.159
Utica-Rome, NY
Vallejo-Fairfield-Napa, CA*
Ventura, CA*
Victoria, TX
Vineland-Millville-Bridgeton, NJ*
Visalia-Tulare-Porterville, CA
Waco, TX
Washington, DC-MD-VA-WV*
Waterloo-Cedar Falls, IA
Wausau, Wl
4,788
7,843
13,393
1.154
2,211
4,145
2,638
99,454
1,850
1,731
5,051
8,483
13,906
1,241
2,340
4,555
2,801
105,224
1,973
1,862
5,197
8,898
13.977
1,335
2,447
4,608
2,983
108,555
2,046
1,923
2.9
4.9
.5
7.5
4.5
1.2
6.5
3.2
3.7
3.3
15,069 15,962 16.336
17,787 18,648 19.086
20,409 20,644 20,648
15,557 16,677 17.625
16,031 16,937 17,654
13,514 14,515 14,248
14,048 14,771 15,623
23.840 24,797 25.338
14,900 15.941 16.390
15,098 16,094 16,471
West Palm Beach-Boca Raton, FL .
Wheeling, WV-OH
Wichita, KS
Wichita Falls, TX
Williamsport, PA
Wilmington-Newark, DE-MD*
Wilmington, NC
Yakima, WA
Yolo, CA*
York, PA
21,778
2,270
8,433
2,087
1,786
10,721
1,943
2,665
2,552
6,305
24,043
2,381
8,991
2,189
1,880
11,589
2,137
2,908
2,687
6,669
24,909
2,438
9,483
2,249
1,945
11,837
2,223
3,152
2,776
6,911
3.6
2.4
5.5
2.7
3.4
2.1
4.0
8.4
3.3
3.6
25,994 27,550 28,097
14,083 14,996 15,396
17,481 18,482 19.206
16,039 16,781 17,363
15,084 15,816 16,234
21,140 22,477 22,668
16,327 17,690 17,840
14,360 15,306 16,210
18,434 18,919 19,320
18,715 19,579 19,998
8,847
1,650
1,222
9,226
1,755
1,232
9,493
1,903
1,393
2.9
8,4
13.0
Rockford, IL
Rocky Mount, NC
Youngstown-Warren, OH
Yuba City, CA
Yuma, AZ
10,237
14,640
13,654
11,814
19,360
15,948
18,587
15,514
14,781
15,211
11,779
17,786
16,551
15,818
15,375
14,237
11,681
17,936
15,841
19,799
30,555
25,955
19,822
16.628
19,197
16.244
15,115
15,582
12.254
18,063
17,184
16,422
15,739
15,016
12,504
96
264
268
129
64
4
214
124
252
108
202
78
40
136
133
281
238
8
197
191
2
245
73
150
208
18
123
209
231
267
295
year 1989 is revised as of January 1992 to reflect 1980 and 1990 Census population counts. The 1991 Census
county population estimates have been adjusted by BEA to be consistent with 1991 Census State population estimates released in January 1993.
4. Includes Metropolitan Statistical Areas, Primary Metropolitan Statistical Areas (PMSA's designated by *), and
New England County Metropolitan Areas (NECMA's). The New Haven-Bridgeport-Stamford-Danbury-Waterbury. CT
NECMA is presented as a PMSA (part of the New York CMSA).
May 1993 •
SURVEY OF CURRENT BUSINESS
69
Table 2.—Total Personal Income and Per Capita Personal Income by County, 1989-91
Per capita personal income3
Total personal income
M lions of dollars
Area name
1989
United States'
Metropolitan portion
Nonmetropolitan portion
Alabama
Metropolitan portion
Nonmetropolitan portion
Percent
change 2
1990
1991
56,222
40,346
15,877
60,281
43,374
16,9M
63,510
45,704
17,806
1990
1991
17 696 18 635 19 091
18,783 19,747 20,198
13,526 14,333 14,795
5.4
5.4
5.3
13,950 14,899 15,526
14,943 15,979 16,616
11,934 12,697 13,28*
479
253
13,977 15,042
13,736 14,853
12,313 13,109
11,482 12,411
12,081 13,054
g'291
9676
10,805 11,259
13,090 13,817
12,711 12,869
11,743 12,327
15,797
15,681
14,240
12,851
13,684
10 498
11,982
14,434
12,975
12,880
400
182
351
166
169
547
701
175
118
461
428
190
372
175
176
587
738
191
123
487
7.0
4.4
5.9
5.1
4.3
7.2
5.3
8.9
4.1
5.9
11,283
10,498
12,032
11,629
11 ^576
13,302
12,188
11,429
10301
11,821
12,299
11,350
12,898
12,561
13,242
13,587
13,586
12,513
10,690
12,619
12,915
11,843
13,512
13,184
13,811
14,529
14,113
13,343
11,052
13,314
45
56
33
41
30
18
25
37
62
38
146
866
645
534
704
666
416
152
920
665
580
754
725
445
161
969
707
613
789
773
465
1,277
1,328
1,374
210
353
224
385
232
411
5.9
5.4
6.3
5.7
4.7
6.7
4.5
3^5
3.3
6.9
10,762
12,856
13,026
10,998
12,925
13,642
11,636
12J69
11 620
12,682
11,145 11,847
13,580 14,121
13,383 14,197
12,080 12,759
13,769 14 269
14,677 15,255
12,548 13,038
1339 13J39
12,513 12,783
13,836 14,654
55
24
23
49
21
10
43
31
48
17
304
91
135
187
323
101
151
191
346
106
160
221
7.2
5.8
62
12,817
8,944
8 788
12J215
14,657
11,985
17,301
12,059
13,195
9,990
13,660
9,903
9,685
12,398
15,709
13,125
18,527
12,685
14,406
10,951
14,323
10,412
10,195
14,093
16,392
13,458
19,124
13,176
14,915
11,612
20
64
65
26
5
35
2
42
14
58
13,586
14,648
11,427
9,506
18,872
12,234
11 086
14,731
14,115
12,498
13,891
15,414
12,376
10,035
19,525
13,185
11 691
15,235
14,989
13,964
28
9
52
66
1
40
57
12
13
27
515
553
1,468
1,603
312
189
474
102
236
334
206
513
107
247
366
218
545
115
261
1,527
1,601
1,672
471
228
474
241
Chilton
Choctaw
Clarke
Clay
Cleburne
Coffee
Colbert
Conecuh
Coosa
Covington
364
169
328
154
147
534
634
163
113
431
Crenshaw
Cullman
Dale
Dallas
De Kalb
Elmore
Escambia
Etowah
Fayette
Franklin
1,187
1,280
15.5
5.4
4.0
4.0
4.0
5.1
8.2
1,349
576
627
651
11,301
12,066
12,548
190
199
207
1,055
1,147
1,205
315
345
373
1,109
1,189
1,222
720
147
226
796
145
237
857
157
247
4,205
4,524
4,778
266
316
986
282
330
305
345
1,045
5,355
1,095
5,750
2.8
7.8
8.6
4.2
5.6
8.2
4.5
4.7
7.4
269
300
330
10.0
12,858
13,417
11,619
9,003
17,756
11,480
10,543
13,986
13,232
11,313
Montgomery
Morgan
Perry
Pickens
Pike
Randolph
Russell
St. Clair
Shelby
Sumter
3,389
1,517
3,597
1,640
3,779
1,720
108
198
328
228
568
588
115
225
353
241
613
667
121
233
372
249
643
716
1,448
1,593
1,680
163
174
188
5.1
4.9
4.7
3.5
5.4
3.3
4.9
7.3
5.4
7.8
16,215
15,268
8,401
9,550
11,901
11,460
12,138
11,900
15,128
10,084
17,196
16.347
9,056
10,887
12,769
12,112
13,072
13,284
15,816
10,757
17,838
16,902
9,616
11,214
13,284
12,449
13,452
13,867
16,315
11,586
3
4
67
61
39
51
36
29
6
59
Talladega
Tallapoosa
Tuscaloosa
Walker
Washington
Wilcox
Winston
852
529
900
561
937
582
2,032
2,235
910
192
139
255
970
212
149
250
2,339
1,016
227
159
268
4.1
3.8
4.6
4.8
6.8
6.7
7.2
11,466
13,665
13,628
13,479
11,516
10,171
11,520
12,150
14,419
14,797
14,313
12,700
11,019
11,322
12,582
14,825
15,236
14,904
13,473
11,479
12,164
50
16
11
15
34
60
53
10,898
5,152
5,746
11,503
5,501
6,002
12,062
5,767
6,295
4.9
4.8
4.9
19,918 20,867 21,144
22,637 24,340 24,464
17,981 18,453 18,806
38
136
42
152
51
170
22.1
12.1
5,152
5,501
5,767
166
37
176
38
102
106
186
40
34
87
4.8
5.8
5.4
1,293
1,343
1,406
4.7
64
51
51
-1.6
15,950 16,828 19,223
14,774 15,894 17,946
22.637 24,340 24,464
12,318 12,790 13.279
27,413 26,596 27.927
19,122
"i 8,286 "18,641 21,219
17,437
17,167
16,931
30,582 24,150 23,667
Lee.
Limestone
Lowndes
Macon
Madison
Marengo
Marion
Marshall
Mobile
Monroe
Alaska
Metropolitan portion
Nonmetropolitan portion
Aleutians East Borough
Aleutians West Census Area
Anchorage Borough
Bethel Census Area
Bristol Bay Borough
Denali Borough4
Dillingham Census Area
Fairbanks North Star Borough ....
Haines Borough
See footnotes at end of table.
4,989
•
•
•
•
•
—
•
Area name
1991
7.4
9.2
9.8
5.4
6.3
74
5.7
4.4
1.1
5.0
478
Geneva
Greene
Hale
Henry
Houston
Jackson
Jeffeison
Lamar
Lauderdale
Lawrence
1989
35
3.4
4.1
7
8
22
47
32
63
54
19
44
46
1,331
Autauga
Baldwin
Barbour
Bibb
Blount
Bullock
. .
Butler
Calhoun
Chambers
Cherokee
1990-91
4,367,719 4,648,867 4,813 897
3,677,357 3,914,763 4,049,328
690,362
734,104
764,569
Dollars
1990
1991
1990-91
Rank in
State
Dollars
1989
1990
1991
1991
Juneau Borough
654
677
712
5.2
24,774 25,165 25,526
2
Kenai Peninsula Borough
Ketchikan Gateway Borough
Kodiak Island Borough
Lake and Peninsula Borough 4
Matanuska-Susitna Borough
Nome Census Area
North Slope Borough
Northwest Artie Borough
Prince of Wales-Outer Ketchikan
Sitka Borough
774
311
291
804
349
263
4.4
.5
3.1
549
115
124
84
96
171
589
120
139
102
106
184
839
351
271
30
626
123
148
110
109
189
6.3
2.3
6.1
8.0
2.9
2.8
18,996 19,690 19,736
22,618 25,207 25,052
21,711 19,813 19,386
17,783
14 068 14,754 14,787
14,129 14,446 14,706
21,306 23,038 23,848
13.956 16,580 17,771
15,681 16,716 16,911
20,090 21,319 21,523
12
3
13
17
23
24
7
18
20
10
80
93
95
2.3
18,607 21,103 22,217
9
80
252
53
156
121
82
235
55
165
130
85
253
58
171
99
3.4
7.4
4.5
4.0
-23.8
13,397 13,913 14,906
25 574 23,540 24,470
9,349
9,630
9,460
22,440 23,247 24,135
14,258 15,329 14,956
22
4
26
6
21
56,270
50,059
6,211
59,524
52,787
6,738
62,195
55,070
7,125
4.5
4.3
5.7
15,535 16,169 16,594
16,329 16,929 17,350
11,159 11,961 12,414
8.4
5.3
6.7
6.8
.2
7,704
8,760
8,189
12,140 12,959 13,447
12,124 13,113 13,607
10,920 11,918 12,408
9,504 10,393 10,168
11285 13,413 13,982
13,232 14,226 16,118
17,442 18,165 18,468
11,566 12,781 12,888
8,997
9,565
9,938
15
7
6
11
13
5
2
1
8
14
15,300
11,789
11,716
13,918
11,681
16,087
12,436
11,958
14,321
12,504
3
10
12
4
9
Skagway-Yakutat-Angoon
Southeast Fairbanks Census
Area
Valdez-Cordova Census Area
Wade Hampton Census Area
Wrangell-Petersburg
Yukon-Koyukuk Census Area
Arizona
Metropolitan portion
Nonmetropolitan portion
474
505
547
1 181
1,158
1 267
1272
1 335
1 357
441
252
94
206
479
276
106
226
511
277
117
221
36,540
1,058
38,734
1,205
40,025
1,294
696
744
785
9,886
1,353
10,237
1,379
10,886
1,472
320
350
370
1,390
1,222
1,513
1,232
1,605
1,393
13.0
30,826
15,166
15,660
33,034
16,349
16,684
34,739
17,133
17,606
5.2
4.8
5.5
13,138 14,037
14,672 15,681
11,929 12,729
14,636
16,221
13,366
274
314
428
293
342
460
306
370
478
1,461
1,624
1,708
374
153
58
252
139
262
393
162
56
273
157
276
410
168
59
286
167
292
4.2
8.4
3.8
5.2
4.2
3.9
3.8
5.0
6.1
6.0
12,525 13.590
12,832 14,085
13,842 14,699
15,261 16,542
13,300 13,853
12,772 13,766
9,952 9,706
13,636 14,567
8,715 10,053
12,105 12,896
14,258
15,100
14,993
16,826
14,279
14,306
10,088
14,981
10,782
13,661
23
8
11
2
22
21
74
12
68
29
Clay
Cleburne
Cleveland
Columbia
Conway
Craighead
Crawford
Crittenden
Cross
Dallas
199
227
100
355
231
868
486
553
220
126
215
240
100
372
244
938
513
589
231
132
232
252
105
388
256
7.9
5.3
4.5
4.3
5.1
6.8
5.6
2.5
8.4
4.5
10,885
11,805
12,840
13,761
12,052
12,716
11,577
11,106
11,384
13,001
11,900 12,866
12,303 12,679
12,922 13,406
14,474 15,063
12,744 13,347
13,549 14,435
12,009 12,425
11,778 12,192
12,008 13,022
13,718 14,361
43
45
32
9
34
17
51
57
41
20
Desha
Drew
Faulkner
Franklin
Fulton
Garland
Grant
Greene
Hempstead
Hot Spring
185
193
788
178
96
204
205
890
191
99
219
220
951
200
104
1,096
1,191
1,232
182
357
256
291
195
382
267
309
205
407
284
316
7.6
7.3
6.9
4.6
5.3
3.5
5.4
6.5
6.3
2.4
10,853
11,063
13,408
11,920
9,615
14,966
13,147
11,256
11,769
11,098
12,174
11,824
14,723
12,831
9,835
16,203
13,920
12,010
12,367
11,834
13,224
12,668
15,381
13,337
10,458
16,471
14,568
12,617
13,099
12,108
36
46
6
35
70
4
15
48
39
60
186
381
141
214
192
410
154
220
200
429
162
236
1,079
1,140
1,170
208
110
200
120
125
223
116
220
124
138
10.1
Lincoln
197
109
202
107
118
4.2
4.5
5.3
6.9
2.6
7.0
5.5
10.8
13,706
12,193
12,480
11,197
12,570
10,823
11,216
11,484
8,080
8,578
14,108 14,611
13,144 13,564
13,538 14,146
11,672 12,370
13,345 13,749
11,428 11,978
11,381 12,109
11,473 12,522
9,242
9,489
9,118 10.116
14
31
25
53
27
61
59
49
75
73
Little River
Logan
Lonoke
Madison
Marion
173
244
509
145
148
190
261
550
154
154
197
274
591
165
161
3.7
5.0
7.3
7.1
4.5
12,401
11,871
13.065
12,477
12.335
13,613
12.707
13,972
13,222
12,801
14,225
13,354
14,850
13,633
13,190
24
33
13
30
37
Apache
Cochise
Coconino
Gila
Graham
Greenlee
La Paz
Maricopa
Mohave
Navajo
Pima
Pinal
Santa Cruz
Yavapai
Yuma
Arkansas
Metropolitan portion
Nonmetropolitan portion
Arkansas
Ashley
Baxter
Benton
Boone
Bradley
Calhoun
Carroll
Chicot
Clark
Howard
Independence
Izard
Jackson
Jefferson
Johnson
Lafayette
Lawrence
Lee
•
Percent
change 2
Millions of dollars
1989
14
16
5
25
1
15
11
19
8
Per capita personal income 3
Total personal income
Rank in
State
1,002
541
604
250
137
10.0
-2.2
3.3
7.4
5.5
6.3
6.8
5.8
6.1
2.9
14,956
11,781
10,984
13,234
11,814
JO • May 1993
SURVEY OF CURRENT BUSINESS
Table 2.—Total Personal Income and Per Capita Personal Income by County, 1989-91 —Continued
Per capita personal income3
Total personal income
Area name
Percent
change 2
Millions of dollars
1989
1990
1991
1990-91
Rank in
State
Dollars
1989
1990
1991
482
614
117
94
125
516
686
129
95
123
537
744
135
98
132
41
8.5
4.9
32
6.7
12,557
10,632
10,146
11 949
12,291
13,407
11,928
11,405
12 099
12,243
13,898
13,003
12,225
12 456
13,109
26
42
56
50
38
Newton
Ouachita
Perry
Phillips
Pike
Poinsett
Polk
Pope
Prairie
Pulaski
75
365
88
272
134
265
203
580
101
5,945
76
371
89
301
135
275
213
638
103
6,354
81
378
93
315
143
301
223
681
110
6,669
5.7
1.9
4.0
4.6
6.0
9.3
4.5
67
7.0
5.0
9,767
11 886
1i!i60
9,282
13,348
10,676
11 721
12,776
10,514
17,011
9,955
12,157
11,186
10,507
13,379
11,179
12,260
13 846
10,845
18,161
10,422
12 655
11',533
11,169
14,389
12,398
12,776
14,376
11,810
18,883
71
47
64
66
18
52
44
19
62
1
Randolph
St Francis
Saline
Scott
Searcy
Sebastian
Sevier
Sharp
Stone
Union
168
261
821
125
80
1,475
184
156
95
714
177
284
895
125
80
1,587
194
167
100
757
187
292
952
134
84
1,630
210
176
107
776
61
26
6.4
7.7
48
2.7
7.9
5.6
6.9
2.6
10118
9 086
12,985
12,292
10,129
14,868
13,446
11,001
9,712
15,211
10 664
9996
13,871
12,204
10 298
15,909
14,253
11,835
10,247
16,207
11,276
10 287
14,531
13,042
11 056
16,151
15,057
12,139
10,730
16,711
65
72
16
40
67
5
10
58
69
3
Van Buren
Washington
White
Woodruff
Yell
158
1,567
592
96
218
166
1,691
641
104
230
175
1,779
686
111
245
5.2
5.2
7.1
6.2
6.2
11,309
13,954
10,887
9,956
12,302
11,867
14,852
11,701
11,005
12,947
12,286
15,256
12,259
11,758
13,740
54
7
55
63
28
574,638
560,815
13,823
615,507
600,861
14,646
632,059
616,852
15,206
2.7
2.7
3.8
19,667 20,547 20,805
19,835 20,728 20,989
14,638 15,139 15,366
Alameda .
Alpine
Amador
Butte
Calaveras
Colusa
Contra Costa
Del None
El Dorado
Fresno
26,077
25
418
2,523
424
282
19,100
258
2,218
9,987
27,785
25
453
2,731
462
292
20,652
287
2,521
10,906
28,242
26
485
2,836
484
311
21,492
308
2,680
11,231
1.6
2.3
6.9
3.8
4.8
6.3
4.1
7.3
6.3
3.0
20,636
22,120
14,446
14,104
13,651
17,608
24,205
11,242
18,146
15,270
21,627
22,578
14,894
14,900
14,284
17,866
25,529
12,151
19,793
16,222
21,852
21,747
15,547
15,172
14,273
18,803
26,215
12,187
20,179
16,323
11
12
41
44
48
22
4
58
16
36
Glenn
Humboldt
Imperial
Inyo
Kern
Kings
Lake
Lassen
Los Angeles
Madera
361
1,832
1,525
311
7,866
1,293
742
344
173,571
1,131
369
1,925
1,611
322
8,559
1,334
789
353
184,760
1,216
368
1,991
1,614
332
8,954
1,390
851
379
188,230
1,260
-.2
3.4
.2
3.2
4.6
4.2
7.8
7.5
1.9
3.6
14,706
15,518
14,141
17,030
14,760
13,095
14,910
12,667
19,856
13,147
14,821
16,106
14,664
17,599
15,639
13,020
15,493
12,704
20,744
13,687
14,646
16,483
13,852
18,109
15,791
13,419
16,075
13,523
20,967
13,553
46
35
51
23
39
54
37
53
13
52
Mann
Manposa
Mendocino
Merced
Modoc
Mono
Monterey
Napa
Nevada
Orange
7,980
210
1,235
2,253
142
184
6,332
2,373
1,283
55,381
8,598
235
1,302
2,399
144
189
6,868
2,545
1,404
58,637
8,884
253
1,341
2,482
137
181
7,108
2,637
1,474
58,808
3.3
7.6
3.0
3.5
-5.2
-4.1
3.5
3.6
5.0
.3
34,890
14,922
15,568
12,866
14,739
18,741
18,028
21,643
16,779
23,390
37,283
16,312
16,133
13,358
14,869
18,856
19,223
22,897
17,713
24,172
38,110
16.919
16.486
13.403
13,938
18,805
19.572
23,581
18,104
24,077
1
30
34
55
50
21
18
7
24
6
Placer
Plumas
Riverside
Sacramento
San Benito
San Bernardino
San Diego
San Francisco
San Joaquin
San Luis Obispo
3,170
303
18,683
18,037
554
21,559
45,923
19,000
6,921
3,504
3,539
320
21,070
19,657
606
23,051
48,723
20,881
7,367
3,703 .
3,741
336
21,731
20,707
627
23,735
50,463
21,663
7,675
3,827
5.7
5.1
3.1
5.3
3.5
3.0
3.6
3.7
4.2
3.3
18,911
15,505
16,676
17,722
15,510
15,759
18,824
26,243
14,712
16,478
20,263
16,147
17,721
18,727
16,342
16,042
19,341
28,838
15,211
16,926
20,752
16,737
17,584
19.258
16.785
15,979
19,799
29.550
15,582
17,499
14
32
26
20
31
38
17
2
40
27
San Mateo
Santa Barbara
Santa Clara
Santa Cruz
Shasta
Sierra
Siskiyou
Solano
Sonoma
Stanislaus
17,385
7,636
35,400
4,257
2,201
52
620
5,470
7,954
5,188
18,445
8,024
37,894
4,978
2,425
53
654
5,937
8,431
5,655
19,024
8,461
39,077
5,172
2,552
57
668
6,261
8,770
5,887
3.1
5.4
3.1
3.9
5.2
6.5
2.1
5.4
4.0
4.1
27,037
20,942
23,913
18,799
15,252
15,784
14,365
16,511
20,940
14.375
28,290
21,607
25,201
21,558
16,383
15,980
14,990
17.274
21,549
15,119
28,993
22,611
25,955
22,554
16,579
17,049
15.197
17.667
22.156
15.221
3
8
5
9
33
29
43
25
10
42
983
591
173
4,145
1 055
618
181
4,555
1 153
651
189
4,608
9.3
5.3
4.1
1.2
15512
12J124
13,331
13,514
16 283
12!376
13,855
14,515
17147
12J17
14,384
14.248
28
56
47
49
Miller
Mississippi
Monroe
Montgomery
Nevada
California
Metropolitan portion
Nonmetropolitan portion
Sutter
Tehama
Trinity
Tulare
See footnotes at end of table.
Per capita personal income3
Total personal income
Area name
Percent
change 2
Millions of dollars
Rank in
State
Dollars
1991
1989
1990
1989
1990
1991
663
13,393
2,552
667
717
13,906
2,687
700
754
13,977
2,776
750
52
.5
3.3
7.1
14 042
20,409
18,434
11,606
14 668
20,644
18,919
11,971
15,077
20.648
19,320
12.607
58,241
49,289
8,953
62,067
52,400
9,667
65,509
55,442
10,067
5.5
5.8
4.1
17,779 18,795 19,395
18,463 19,456 20,122
14,766 15,875 16,177
Adams
Alamosa
Arapahoe
Archuleta
Baca
Bent
Boulder
Chaffee
Cheyenne
Clear Creek
3 981
174
8,235
60
77
66
4,541
174
55
116
4,088
187
8,870
64
90
73
4,885
184
59
120
4,356
186
9,424
67
86
77
5,145
196
59
129
6.6
-.6
6.3
5.0
-4.4
5.2
5.3
7.0
1.4
7.7
15,037
12,903
21,278
11,432
16 752
12,740
20,335
13 637
23,127
15,229
15,413
13,664
22,557
11,914
19,826
14,519
21,604
14,490
24,411
15,707
15,982
13.381
23,159
12,039
18,877
15.478
22.169
15,379
25,303
16,382
34
54
5
60
15
38
7
40
3
28
Conejos
Costilla
Crowley
Custer
Delta
Denver
Dolores
Douglas
Eagle
Elbert
62
40
45
27
253
9,780
23
1,108
417
161
64
37
48
30
269
10,365
21
1,283
477
181
68
41
49
32
287
10,895
21
1,453
506
196
6.2
9.5
1.5
7.5
6.5
5.1
2.3
13.2
6.0
8.2
8 252
12,194
11,659
14,409
11,904
20,733
14,984
19,415
19,620
17,054
8,647
11,743
12,159
15,617
12,864
22,221
13.706
20,820
21,538
18,645
9,096
12,415
12,318
16.019
13,249
22,867
15,228
21,861
21,613
19,035
63
58
59
32
55
6
42
8
10
14
El Paso
Fremont
Garfield
Gilpin
Grand
Gunnison
Hinsdale
Huerfano
Jackson
Jefferson
6,456
396
445
41
135
131
g
68
25
8,644
6,705
407
498
41
143
140
g
71
26
9,221
7,138
426
517
45
150
149
g
75
28
9,658
6.5
4.8
3.7
11.4
5.0
6.1
46
Q.8
8.9
4.7
16,474
12,339
15,130
13,709
16,854
12.726
16 715
11^213
15.103
19,851
16,807
12,580
16,510
13,140
17,986
13,660
17 929
11784
16,064
20,974
17,651
13,188
16,661
14,223
18,540
14,257
18 666
12i663
17.223
21,624
23
56
26
49
18
48
16
57
24
9
Kiowa
Kit Carson
Lake
La Plata
Larimer
Las Animas
Lincoln
Logan
Mesa
Mineral
42
130
57
463
2,959
164
76
258
1,292
7
49
140
61
508
3,211
171
84
278
1,398
8
45
132
64
540
3,400
182
88
275
1,482
8
-8.2
-5.8
5.7
6.2
5.9
6.2
4.8
-1.0
6.0
6.6
24,506
18,020
9,134
14,418
16,127
11,841
16,648
14,449
13,989
12,658
29,048
19,657
10,200
15,711
17,162
12,476
18,628
15,887
14,964
13,797
27,500
18.310
10,471
16,095
17,657
13,418
19,339
15,824
15,351
14,341
2
19
62
30
22
53
13
35
41
47
Moffat
Montezuma
Montrose
Morgan
Otero
Ouray
Park
Phillips
Pitkm
Prowers
156
231
328
313
251
37
105
69
400
185
162
255
347
337
263
38
110
69
447
195
168
266
363
348
282
41
120
67
454
197
3.9
4.2
4.5
3.2
7.2
6.9
9.1
-3.2
1.5
.8
13,490
12,380
13,451
14,244
12,309
16,175
14,872
16,265
32,273
13.820
14,321
13,678
14,200
15,351
13,072
16,444
15,236
16,495
35,083
14,642
14,683
13,958
14,398
15,450
13,966
16,668
15,531
16,014
36,156
14.782
45
52
46
39
51
25
37
33
1
44
Pueblo
Rio Blanco
Rio Grande
Routt
Saguache
San Juan
San Miguel
Sedgwick
Summit
Teller
1,634
92
163
270
52
12
55
43
269
178
1,724
97
164
304
51
13
66
48
309
190
1,826
101
152
312
53
12
72
43
335
204
5.9
4.1
-7.5
2.6
4.2
-6.4
9.6
-9,0
8.4
7.1
13,252
15,187
15,112
19,237
11,400
16.665
15,233
15,766
21,279
14,622
14,014
16,278
15,233
21,552
10,917
17,777
17,959
17,833
23,832
15,149
14,795
16,553
14,117
21,278
11,156
17,893
18,005
16.146
24,609
15,817
43
27
50
11
61
21
20
29
4
36
Washington
Weld
Yuma
89
1,951
166
95
2,048
172
93
2,147
168
-2.0
4.8
-2.4
18,271 19,789 19,378
14,827 15,518 16,052
18,430 19,214 18.593
12
31
17
80,111
74,139
5,971
83,989
77,734
6,255
85,407
79,026
6,381
1.7
1.7
2.0
24,399 25,528 25,968
24,645 25,802 26,255
21,708 22,558 22,871
25,745
20,217
4,180
3,313
17,159
5.012
2,693
1,791
27,205
21,165
4,375
3,513
17,856
5,171
2,825
1,880
27,486
21,534
4,453
3,569
18,262
5,313
2,862
1,928
1.0
1.7
1.8
1.6
2.3
2.7
1.3
2.6
31.023
23.770
24,155
23.231
21.379
19.667
21.061
17.557
12,845
11011
1,833
13,857
11,914
1,943
14,235
12,199
2,036
2.7
2.4
4.8
19,513 20,709 20,935
20,146 21454 -21,646
16,414 17,069 17,490
1,544
1,624
1,708
5.2
14,069 14,565 14,924
1991
Tuolumne
Ventura
Yolo
Yuba
Colorado
Metropolitan portion
Nonmetropolitan portion
Connecticut
Metropolitan portion
Nonmetropolitan portion
Fairfield
Hartford
Litchfield
Middlesex
New Haven
New London
Tolland
Windham
Delaware
Metropolitan portion
Nonmetropolitan portion
Kent
1991
1990-91
32,883
24,823
25,066
24.485
22,177
20.269
21.888
18.299
33,162
25,345
25,345
24,798
22.721
20.863
22,176
18,665
45
15
19
57
1
2
3
4
5
7
6
8
3
May 1993
SURVEY OF CURRENT BUSINESS
•
Jl
Table 2.—Total Personal Income and Per Capita Personal Income by County, 1989-91—Continued
Per capita personal income 3
Total personal income
Area name
New Castle .
Sussex
District Of Columbia
Florida
Metropolitan portion
Nonmetropolitan portion
Percent
change
Millions of dollars
9,46'
1,83:
10,29'
1,943
10,491
2,036
1.9
4.8
Rank in
State
Dollars
1989
1990
21,67:
16,41-
23,184 23,35£
17,069 17.49C
1989
13,844
14,366
14,83
3.2
22,180
242,703
229,31
13,391
251,870
237,776
14,094
3.8
3.7
5.2
17,92! 18,606 18,985
18,228 18,915 19,284
13,91f 14,532 15,05r
2,706
22!
1.73C
245
6,624
2,94
238
1,893
262
7,10"
28,412
5.9
5.6
7.4
6.4
5.0
2.5
5.0
3.6
5.3
4.6
15,15' 16,139
12,079 12,782
13,866 14,812
10,91
11,63
17,060 17,629
21,764 22,478
8,835 9,380
16,296 16,798
13,429 13,875
15,276 15,746
16,743
13,266
15,580
12,170
18,009
22,620
9,673
16,842
14,243
16,064
31
55
16
6
67
20
36
27
23,885
24,911
1,727
1,209
1,566
1,895
.1,315
1,689
3.12C
25
2,03;
27$
7,459
29,112
109
1,964
1,384
1,766
Collier
Columbia
Dade
De Soto
Dixie
Duval
Escambia
Flagler
Franklin
Gadsden
3,754
508
32,936
299
4,157
541
34,818
324
112
11,835
3,988
373
104
532
4,30'
577
35,895
34'
115
12,352
4,205
405
112
573
3.5
6.6
3.1
7.0
2.4
4.4
5.4
8.7
7.9
7.7
25,745
12,105
17,292
12,774
9,938
16,794
14,422
12,694
10,817
11,945
26,920
12,625
17,871
13,497
10,484
17,495
15,1212,662
11,561
12,925
26,935
13,239
18,252
14,319
10,444
17,878
15,687
13,008
12,271
13,662
3
47
14
34
64
17
30
48
53
42
Gilchrist
Glades
Gulf
Hamilton
Hardee
Hendry
Hemando
Highlands
Hillsborough
Holmes
99
68
134
11
288
393
1,339
991
13,159
162
107
72
142
119
306
404
1,433
116
77
149
122
328
454
1,515
1,11
14,683
186
7.9
6.7
4.6
2.7
7.2
12.4
5.7
5.7
3.9
6.4
10,654
9,065
11,773
10,464
14,769
15,615
13,945
14,923
16,111
10,391
9,485
12,304
10,818
15,704
15,552
13,909
15,245
16,818
11,043
11,509
10,392
12,846
11,052
16,395
16,638
14,246
15,883
17,361
11,670
61
65
51
63
26
22
35
29
18
60
Alachua
Baker
Bay
Bradford
Brevard
Broward
Calhoun
Charlotte
Citrus
Clay
Indian River
Jackson
Jefferson
Lafayette
Lake
Lee
Leon
Levy
Liberty
Madison
26,795
95
103
11,134
3,752
340
96
490
2,083
476
130
62
2,363
6,019
2,918
285
57
166
104
1,054
14,129
175
2,248
520
145
6
2,502
6,501
3,188
307
64
179
2,318
556
156
69
2,606
6,723
3,375
328
68
190
3.1
6.9
7.6
3.1
4.2
3.4
5.9
6.8
6.6
6.1
23,758 24,679 25,110
11,578 12,551 13,321
11,625 12,783 13,490
11,401 11,821 12,205
15,990 16,286 16,504
18,629 19,150 19,392
15,512 16,431 17,004
11,252 11,738 12,376
10,428 11,376 12,028
10,759 11,357
5
45
44
54
25
10
19
52
57
62
4.6
5.1
1.7
2.2
4.6
7.3
3.5
2.9
4.8
3.6
17,816
13,456
26,736
19,082
17,154
15,038
12,834
17,263
16,413
25,994
18,370
13,835
28,608
20,014
18,494
15,832
13,308
17,873
16,630
27,550
18,961
14,158
28,638
20,332
18,877
16,574
13,519
18,093
16,621
28,097
11
38
12
24
43
15
23
2
Manatee
Marion
Martin
Monroe
Nassau
Okaloosa
Okeechobee
Orange
Osceola
Palm Beach
3,664
2,53;
2,607
1,459
737
2,120
370
11,360
1,691
21,778
398
12,231
1,820
24,043
4,10;
2,866
2,970
1,607
857
2,459
412
12,591
1,907
24,909
Pasco
Pinedas
Polk
Putnam
St. Johns
St. Lucie
Santa Rosa
Sarasota
Seminole
Sumter
3,722
17,193
5,769
705
1,507
2,053
1,022
6,642
4,769
362
3,941
17,934
6,043
752
1,687
2,223
1,132
7,055
5,202
390
4,04;
18,515
6,294
802
1,772
2,341
1,218
7,209
5,522
414
2.7
3.2
4.1
6.6
5.0
5.3
7.5
2.2
6.2
6.1
13,633
20,443
14,520
11,067
18,576
14,244
12,941
24,512
17,208
11,737
13,876 14,158
20,967 21,445
15,241
12,101
19,895 20,265
14,590 15,004
13,717 14,203
25,180 25,335
17,856 18,391
12,248 12,874
39
7
32
56
9
33
37
4
13
49
Suwannee
Taylor
Union
Volusia
Wakulla
Walton
Washington
316
224
97
5,522
171
291
175
337
236
101
5,919
189
317
188
357
241
105
6,106
204
345
203
6.0
2.1
3.6
3.2
8.1
8.5
7.8
11,978 12,512 12,863
13,194 13,739 13,853
9,542 9,834 10,107
15,345 15,803 15,965
12,305 13,209 13,804
10,707 11,356 11,979
10,554 11,036 11,730
50
40
66
28
41
58
59
103,733
75,799
27,934
110,832
81,264
29,568
115,557
84,345
31,211
4.3
3.8
5.6
16,180 17,041 17,447
17,734 18,668 18,978
13,072 13,748 14,324
194
82
114
51
562
142
406
735
208
171
201
85
115
49
601
146
428
785
216
183
223
90
119
60
651
150
442
820
232
194
11.2
4.9
3.1
23.3
8.2
2.9
3.3
4.4
7.1
5.9
12,313 •12,767 14,034
13,098 13.763 14,429
11,971 12.059 12.352
14,123 13,554 16,286
14,278 15,186 16,266
13,933 14,117 14.386
13,924 14,315 14.257
13,435 13,933 14,142
12,717 13,342 13,888
12,124 12,920 13.551
Georgia
Metropolitan portion
Nonmetropolitan portion
Appling
Atkinson
Bacon
Baker
Baldwin
Banks
Barrow
Bartow
Ben Hill
Berrien
Bibb
See footnotes at end of table.
2,464
3,928
2,727
2,922
1,573
819
2,292
16,386
17,862
63
131
21
22
65
68
76
85
91
Percent
change 2
Millions of dollars
1991
226,498
214,04"
12,45
Per capita personal income 3
Total personal income
Bleckley
Brantley
Brooks
Bryan
Bulloch
Burke
Butts
Calhoun
Camden
138
107
146
149
487
21
204
58
311
Candler
Carroll
Catoosa
Charlton
Chatham
Chattahoochee
Chattooga
Cherokee
Clarke
Clay
95
977
507
96
Clayton
Clinch
Cobb
Coffee
Colquitt
Columbia
Cook
Coweta
Crawford
Crisp
Dade
Dawson
Decatur
De Kalb
Dodge
Dooly
Dougherty
Douglas
Early
Echols
Effingham
Elbert
Emanuel
Evans
Fannin
Fayette
Floyd
Forsyth
Franklin
Fulton
Gilmer
Glascock
Glynn
Gordon
Grady
Greene
Gwinnett
Habersham
Hall
Hancock
Haralson
Harris
Hart
Heard
Henry
Houston
Irwin
Jackson
Jasper
Jeff Davis
Jefferson
Jenkins
Johnson
Jones
Lamar
Lanier
Laurens
Lee
Liberty
Lincoln
Long
Lowndes
Lumpkin
McDuffie
Mclntosh
Macon
Madison
Marion
Meriwether
Miller
1990
144
113
155
164
528
226
217
64
354
1991
156
120
174
177
564
238
225
69
411
1990-91
7.9
6.4
Rank in
State
Dollars
1989
1990
1991
1991
13,828 14,761
10,136 10,727
10,065 11,199
10,512 10,826
12,184 12,767
10,986 11,493
14,124 14,539
12,804 13,916
11,517 12,199
55
155
152
154
114
148
61
83
134
9.5
3.3
3.9
5.2
3.0
4.5
5.3
6.4
2.7
8.3
12,296 13,370 14,214
13,903 14,354 14,655
12.077 12.511 12,827
11,456 11,846 12,382
16,851 17,806 18,104
9,337
9,513
8,750
11,467 11,974 12,492
17,092 17.940 18,009
14,435 15,319 15,715
8,694
9,190
9,939
73
58
113
130
9
158
126
12
33
157
3.4
9.9
3.3
7.2
6.0
5.4
6.0
5.7
8.6
8.3
15,235
10,073
21.048
12,159
13,224
12,452
11,129
15.337
11,889
11,820
15,924 16,243
11,133 11,975
21,978 22,140
13,172 13,928
13,952 14,754
13,569 13,635
11,809 12,459
16,404 16,488
11,988 12,702
12,471 13,127
24
139
3
82
56
90
128
18
117
106
3.8
8.7
8.0
2.8
7.2
10,342 10,674
13,409 14,151
13,496 14,404
21,029 21,366
12,296 12,974
11,822 13,163
14,721 15,306
16,504 16,743
12,939 14.212
10,524 11,061
156
75
64
4
110
104
41
17
74
153
11.9
7.6
6.9
5.1
4.0
8.2
15.9
13,188
9,735
9,461
9,946
11,425
10,241
13,361
11,282
10,871
103
113
1,031
1,065
534
101
555
106
3,650
3,866
3,983
155
254
156
267
163
281
1,487
1,255
1,640
1,345
1,745
1,381
29
31
34
2,750
2,908
3,007
63
68
75
9,201
9,925
10,248
359
484
799
150
807
106
237
390
512
905
159
891
108
250
418
542
954
168
942
117
270
133
121
320
136
129
344
142
140
372
11,086
11,507
11,834
208
113
217
117
232
131
1,338
1,119
1,414
1,180
1,483
1,228
4.8
4.1
144
24
153
24
170
25
11.1
3.3
10,198
13,541
12,527
20,442
11,867
11,383
13,775
15,978
12,062
10,055
306
252
238
123
187
334
263
247
128
193
347
275
262
134
207
1,325
1,228
1,424
1,313
1,488
1,383
827
239
904
251
957
264
13,893
15,074
15,595
3.8
4.5
5.9
5.2
7.2
4.5
5.3
5.9
5.1
3.5
12,206
13,276
11,558
14,225
11,776
22,192
15,153
19,311
14,466
21,545
12,892
13,895
12,032
14,584
12,037
22,439
16,145
20,281
15,061
23,172
13,199
14,462
12,682
15,304
12,744
22,534
16,899
20,430
15,579
23,714
101
62
119
42
115
2
16
5
35
1
196
33
210
33
221
34
1,035
1,106
1,144
489
250
151
519
255
163
537
269
170
6,470
7,078
7,392
5.2
3.2
3.4
3.4
5.6
4.8
4.4
2.9
3.8
4.1
14,887
13,693
16,652
14,090
12,290
12,811
19,112
14,632
16,344
10,666
15,652
14,117
17,666
14,736
12,577
13,772
19,753
15.292
17,137
11,650
15,883
14,819
18,053
15,024
13,187
13,993
19,903
15,505
17,358
12,092
29
54
11
48
102
81
6
36
15
138
2.2
2.9
2.1
5.1
5.7
4.3
12,933
14,944
14,391
10,877
17,209
14,865
11,078
14,330
14,519
13,113
13,798
15,560
14,858
11,244
18,383
15,431
11,545
14,835
14,943
13,724
14,066
16,048
15,045
11,660
18,285
15,767
12,844
15,205
15,387
13,914
79
26
46
145
8
32
111
43
39
84
11,566
11,022
12,002
13,230
13,357
12,235
14,390
12,107
11,115
11,609
12,405
10,968
12,046
13,835
14,126
12,606
14,174
13,355
11,250
12,223
13,059
11,920
12,840
14,300
14,346
13,299
14,882
14,132
11,470
12,488
107
142
112
67
66
98
52
77
149
127
7,954
8,922
8,399
13.262 14,083 14.648
13.312 13.950 14,216
12.952 13.931 14.232
11.107 11.942 12.428
11,116 11,868 12,694
12,282 12,823 13,427
11,476 11,219 11.934
10.576 11.135 11.601
11.497 11,914 13.636
159
59
72
71
129
118
95
141
147
89
402
423
435
1,539
1,643
1,705
96
104
108
281
264
283
92
976
304
277
293
98
311
285
299
103
1,318
1,094
1,380
1,156
1,439
96
425
121
157
100
447
127
165
111
468
131
168
203
91
101
271
173
68
572
193
576
86
215
90
100
288
185
70
568
219
597
91
229
100
108
298
190
76
602
237
614
93
49
52
54
1,005
1,071
1,127
190
260
94
147
255
64
235
73
205
280
104
155
271
63
250
75
214
291
109
167
291
68
263
86
11.7
11.2
4.7
3.6
1.4
6.5
10.4
8.1
3.5
3.0
8.8
6.1
8.2
2.9
2.4
3.6
5.2
4.3
3.8
5.1
7.6
7.2
8.5
5.1
15.5
J2 • May 1993
SURVEY OF CURRENT BUSINESS
Table 2.—Total Personal Income and Per Capita Personal Income by County, 1989-91—Continued
Per capita personal income 3
Total personal income
Percent
change 2
Millions of dollars
Area name
1989
1990
1991
1990-91
Dollars
1989
1990
1991
226
235
88
194
306
2,707
611
264
122
520
235
245
91
207
327
2,870
661
288
133
563
257
270
96
212
343
2,972
694
299
137
603
9.4
10.4
5.8
2.7
4.9
3.6
5.0
3.9
3.6
7.1
11,066
13,842
12,359
15,191
11,962
15,071
14,796
15,336
12,495
12,916
11,593
14,265
12,696
16,004
12,428
16,017
15,732
16,217
13,562
13,363
12,599
15,384
13,357
16,237
12,661
16,410
15,928
16,420
13,827
13,466
124
40
97
25
121
20
27
19
86
94
Peach
Pickens
Pierce
Pike
Polk
Pulaski
Putnam
Quitman
Rabun
Randolph
313
215
139
131
421
111
168
25
139
83
320
231
151
137
440
117
184
26
150
85
334
240
160
143
452
128
191
28
156
94
4.3
4.2
6.2
3.8
2.7
8.8
3.7
8.1
3.9
10.3
14,872
15,133
10,483
12,943
12,468
13,546
12,149
11,187
12,034
10,179
15,069
15.904
11,294
13,359
13,013
14,509
12,923
11,927
12,847
10,621
15,604
16,250
11,945
13,547
13,234
15,847
13.036
12.673
13,173
11,415
34
23
140
92
99
31
108
120
103
150
Richmond
Rockdale
Schley
Screven
Seminole
Spalding
Stephens
Stewart
Sumter
Talbot
3,014
965
44
158
101
759
297
57
385
72
3,308
1,056
44
161
108
796
310
60
411
77
3,440
1,107
49
174
118
824
324
63
436
80
4.0
4.8
11.0
8.0
10.1
3.6
4.5
5.7
5.9
3.5
15,860
18,299
12,231
11,339
11,194
14,040
12,828
10,059
12,697
11,102
17,440
19,342
12,223
11,624
11,963
14,568
13,322
10,584
13,615
11,808
17,888
19,477
13,641
12,610
13,014
14,848
13,727
11,367
14,241
12,122
13
7
88
122
109
53
87
151
69
137
Taliaferro
Taylor
Telfair
Terrell
Thomas
Tift
Toombs
Towns
Treutlen
27
226
102
121
107
544
469
314
77
63
28
244
108
127
115
583
509
342
85
65
28
262
113
136
126
622
546
362
87
70
-.1
7.7
5.0
6.6
9.3
6.8
7.3
5.9
2.2
8.0
13,759
12,757
13,197
10,962
9,975
14,005
13,441
13,063
11,596
10,491
14,669
13,737
14,132
11,589
10,854
14,924
14,518
14,181
12,526
10,804
15,193
14,665
14,941
12,237
11,896
15,848
15,428
14,963
12,603
11,684
44
57
51
132
143
30
38
50
123
144
Troup
Turner
Twiggs
Union
Upson
Walker
Walton
Ware
Warren
Washington
803
91
105
132
321
721
490
455
65
270
839
97
111
141
334
752
545
478
69
287
860
112
119
151
346
779
569
503
71
297
2.5
15.4
6.7
7.3
3.6
3.6
4.4
5.2
3.7
3.7
14,483
10,383
10,638
11,143
12,214
12,406
12,900
12,753
10,765
14,087
15,087
11,185
11,388
11,698
12,697
12,873
14,040
13,492
11,301
14,996
15.153
12,707
12,194
12,212
13,161
13,222
14,234
14,127
11,652
15,431
45
116
135
133
105
100
70
78
146
37
277
27
54
182
1,228
86
149
140
211
290
28
55
201
1,292
91
158
147
229
314
30
59
213
1,323
103
159
154
251
8.1
6.6
7.2
5.8
2.3
13.2
.4
4.8
9.5
12,406
12,101
10,844
14,269
17,040
12,233
14,002
13,670
10,748
12,973
12,505
11,343
15,348
17,799
12,978
14,968
14,358
11,567
13,481
13,423
12,144
15,885
18,088
14,628
14,990
15,036
12,494
93
96
136
28
10
60
49
47
125
20,472
16,270
4,202
22,780
17,992
4,788
23,939
18,841
5,098
5.1 18,703 20,461 21,062
4.7 19,638 21,440 22,102
6.5 15,792 17,465 17,941
1,759
16,270
789
1,654
2,012
17,992
872
1,904
2,148
18,841
940
2,010
6.7
4.7
7.8
5.6
14,055
4,665
9,390
15,309
5,098
10,211
15 975
5,466
10,510
4.3 14,134 15,137 15,366
7.2 16,070 17,116 17,625
2.9 13,336 14,311 14,405
Bingham
Blaine
Boise
Bonner
Bonneville
3,581
49
806
66
110
453
267
38
319
1,052
3,936
49
860
71
114
511
318
41
350
1,161
4,239
51
904
74
121
506
327
45
375
1,222
7.7
3.9
5.1
4.3
6.5
-1.1
2.8
9.2
7.1
5.2
17,787
14,992
12,319
10,720
13,923
12,171
20,276
10,974
12,105
14,839
18,981
15,167
12,988
11,747
14,369
13,551
23,226
11,746
13,098
15,980
19,604
15,356
13,503
12,163
15,095
13,120
23,059
12,207
13,362
16,259
3
14
23
38
16
29
2
37
26
7
Boundary
Butte
Camas
Canyon
Caribou
Cassia
Clark
Clearwater
89
38
12
1,084
103
293
22
120
96
42
12
1,162
113
328
23
124
103
41
11
1,226
115
316
20
133
6.7
-2.1
-9.5
5.6
1.1
-3.7
-11.1
7.3
10,948
13,071
15,767
12,184
14,543
15,117
28.954
14,078
11,459
14,332
17,179
12.839
16,369
16,767
30.029
14.568
12.281
14.261
14.985
13.065
16.099
16.031
26.320
15.506
35
19
17
30
8
9
1
12
Mitchell
Monroe
Montgomery
Morgan
Murray
Muscogee
Newton
Oconee
Oglethorpe
Paulding
Tattnall
Wayne
Webster
Wheeler
White
Whitfield
Wilcox
Wilkes
Wilkinson
Worth
Hawaii
Metropolitan portion
Nonmetropolitan portion
Hawaii
Honolulu
Kauai
Maui + Kalawao
Idaho
Metropolitan portion
Nonmetropolitan portion
Ada
Adams
Bannock
Bear Lake
Benewah
See footnotes at end of table.
14,906
19,638
15,751
16,879
16,609
21,440
16,913
18,768
17,023
22.102
17,682
19,179
Per capita personal income 3
Total personal income
Rank in
State
Area name
Millions of dollars
1991
4
1
3
2
Percent
change 2
1991
1989
1990
1991
58
318
-7.1
3.3
14,158
14,018
15,056
295
62
308
13,812
15,443
20
13
Franklin
Freemont (incl. Ylwstn. Natl. Pk.)
Gem
Gooding
Idaho
Jefferson
Jerome
Kootenai
Latah
Lemhi
89
137
141
159
173
178
192
962
392
85
93
147
147
174
184
198
213
1,071
415
91
95
140
158
178
186
200
206
1,159
424
94
2.5
-5.0
7.0
2.2
1.2
1.3
-3.3
8.2
2.1
3.0
9,668 10,036 10,061
12,625 13.387 12,477
11,926 12,426 12,874
13,710 14,917 14,858
12,571 13,349 13,486
10,909 11.883 11.765
12,746 14,051 13,310
14,008 15.265 15,659
12,973 13,489 13.596
12,380 13,205 13.379
44
34
32
18
24
39
27
11
22
25
Lewis
Lincoln
Madison
Minidoka
Nez Perce
Oneida
Owyhee
Payette
Power
Shoshone
67
47
229
216
509
39
92
188
125
182
66
52
255
244
530
40
100
205
145
192
63
44
258
242
542
40
100
215
129
192
-5.9
-14.2
18,921 18,945
14.079 15.675
9,896 10,706
11,154 12.586
15,266 15,638
11,251 11,376
11.029 11,836
11,556 12,449
17,869 20,444
12,698 13,870
17,344
13,294
10,978
12.248
15,731
11.664
11.711
12,584
17,560
13,644
5
28
43
36
10
41
40
33
4
21
Teton
39
763
96
106
105
40
841
111
112
-5.0
4.0
4.5
7.4
11,561 12,204
14,369 15,038
15,797 17,302
11,687 12,199
11,139
15,262
16,754
12,957
42
15
6
31
219,458 232,611
192,317 204,416
27,141 28,196
239,317
210,544
28,772
2.9
3.0
2.0
19,234 20,327 20,737
20,141 21,322 21,749
14,581 15,190 15,470
2.9
3.5
1.8
4.4
4.7
1,3
15,643 16,323
11,047 11,205
14,630 15,334
17.094 17,311
13,232 13,322
16,145 17,068
14,575 15,040
14,489 15,260
14,092 15,507
15.947 16,990
1991
Custer
Elmore
Twin Falls
Valley
Washington
Illinois
Metropolitan portion
Nonmetropolitan portion
1990-91
Rank in
State
Dollars
1.0
-.6
2.3
1.1
-.1
4.7
-11.6
16,674
11,560
15.539
17.569
13,862
17,258
15,428
15,416
15.616
17.460
38
100
57
25
86
31
59
60
56
27
16,126 17,350 17,488
12,799 13,396 13,830
14,180 13,966 14,200
16,168 16,509 16,629
14,284 14,954 15,532
20,485 21,622 22.211
14,965 15,347 16,023
12,557 13,247 13,570
16,051 16,733 16,910
17,484 18,053
26
87
81
39
58
3
47
90
34
19
13,598 14,177 14,584
25,114 26,533 26.593
14,901 14.991 14,988
14.722 14.656 14.586
16,587 17,136 17,322
12,294 12.359 12,761
16.280 17,749 18.154
13,252 13,802 13,994
13,365 14,305 14,401
14,255 14.477 14,192
75
2
68
73
29
95
17
84
78
82
12,220 12,434 12,238
19,032 20,411 20,335
12,061 12,464 12,449
13,829 14.301 15,077
10,122 10.747 11,693
13,534 13,864 13,680
14.630 15,741 15.864
15,384 16,577 16,561
12,341 12,654 13,146
14,232 14,566 14,560
97
6
96
66
1,038
118
220
522
77
579
78
245
191
2,751
1,078
119
230
535
78
608
80
256
208
2,944
1,109
123
234
558
82
616
81
256
210
3,038
556
204
205
547
737
104,718
293
134
1,242
271
597
213
202
561
773
110,384
298
141
1,308
602
219
207
566
803
113,900
313
264
19,341
294
111
523
257
233
537
510
99
276
20,856
293
109
545
258
253
556
544
100
284
21,247
292
108
552
265
255
564
548
97
187
611
103
298
53
110
755
475
754
151
190
662
106
305
56
112
803
510
773
154
187
679
106
323
60
112
813
513
801
154
-2.0
2.5
-.2
5.8
7.2
.1
1.2
.7
3.7
Jefferson
Jersey
Jo Daviess
Johnson
Kane
Kankakee
Kendall
Knox
Lake
La Salle
554
283
342
102
6,295
1,473
776
826
13,125
1,660
570
295
360
106
6,725
1,601
801
858
14,686
1,717
588
300
367
109
6,899
3.1
2.0
2.2
3.3
2.6
4.1
2.7
3.2
3.5
2.8
14.953
13,868
15,635
9.087
20.058
15.283
19.881
14,587
25,766
15,499
15.860
14,461
16,684
9,496
21,149
17,080
20,305
15,694
28,639
16.394
52
77
37
102
5
32
7
54
1
42
Lawrence
Lee
Livingston
Logan
McDonough
McHenry
McLean
232
545
639
475
429
3,779
2,263
248
571
695
505
447
4,040
2,459
3.9
-3.9
14,400 15,577 16,091
15.835 16.603 15.892
16.238 17.677 17.770
15,422 16,385 16,744
12.148 12,679 13,388
21.022 21.895 22.079
17.876 18.894 19.401
46
50
22
36
91
4
11
Adams
Alexander
Bond
Boone
Brown
Bureau
Calhoun
Carroll
Cass
Champaign
Christian
Clark
Clay
Clinton
Coles
Cook
Crawford
Cumberland
D9 Kalb
De Witt
Douglas
Du Page
Edgar
Edwards
Effingham
Fayette
Ford
Franklin
Fulton
Gallatin
Greene
Grundy
Hamilton
Hancock
Hardin
Henderson
Henry
Iroquois
Jackson
Jasper
146
1,338
300
1,667
823
885
15,193
1,766
258
549
701
512
469
4,249
2,557
3.2
2.8
2.4
.8
3.9
3.2
4.9
3.4
2.3
2.7
.8
1.5
.6
-3.0
1.4
4.9
5.2
4.0
15,398
14,309
16,494
9,295
21,089
16.630
20,256
15.225
28,294
16,066
51
40
94
76
SURVEY OF CURRENT BUSINESS
May 1993 •
73
Table 2.—Total Personal Income and Per Capita Personal Income by County, 1989-91—Continued
Per capita personal income3
Total personal income
Area name
1989
Macon
..
Macoupin
Madison
.
Marion
Marshall
Mason
Massac
Menard
Mercer
Monioe
Monigomery
Morgan
Moultrie
Ogle
Peona
Perry
Piatt
Pike
Pope
Pulaski
Putnam
Randolph
Richland
Rock Island
St. Clair
Saline
Sangamon
Schuyler
Scotl
Shelby
Stark
Stephenson
Tazewell
Union
Vermilion
Wabash
Warren
Washington
Wayne
White
Whiteside
Will .
Williamson
Winnebago
Woodford
Indiana
Metropolitan portion
Nonmetropolitan portion
Adams
Allen
Bartholomew
Benton
Blackford
Boone
Brown
Carroll
Cass
Clark
Clay
Clinton
Crawford
Daviess
Dearborn
Decatur
De Kalb
Delaware
Oubois
Bkhart !.'.'""Z.'"."."!!!!!!!!"."Z!!."!"
Fayette
Floyd
Fountain
Franklin
Fulton
Gibson
Grant
Greene
Hamilton
Hancock
Harrison
Hendncks
1 IOI IVJI IV*I\O
Henry
Howard
Huntington
Jackson
Jasper
Jay .
Jefferson
See footnotes at end of table.
Percent
change 2
Millions of dollars
1 998
1990
2 093
1991
2,152
1990-91
2.9
706
746
759
1 8
4,252
4,443
4,570
2.8
584
209
241
186
182
241
430
429
577
203
594
218
248
192
194
258
451
441
598
210
616
218
250
198
195
257
462
449
613
211
3.6
7.9
.8
2.9
1.0
-.4
2.4
1.8
2.4
.4
708
738
737
-.1
3,155
3,375
3,451
294
270
231
43
91
108
480
237
309
278
235
43
90
111
492
243
307
280
244
44
91
115
497
251
2.2
-.7
1.0
4.0
1.4
1.2
3.2
1.1
3.5
2,477
4,031
2,645
4,201
2,721
4,305
403
422
437
3,266
3,481
3,600
104
87
330
103
828
101
84
340
108
850
100
84
343
102
857
2,096
2,198
2,248
236
242
259
1,270
1,297
1,338
200
264
267
234
256
908
208
275
262
226
262
969
210
272
259
235
269
989
6,334
6,761
6,956
812
855
889
2.9
2.5
3.5
3.4
-.5
-1.0
1.1
-4.9
.8
2.3
7.0
3.2
1.1
-1.2
-1.2
3.8
2.6
2.1
2.9
4.0
Rank in
State
Dollars
1989
1990
1991
15
53
18
14,009
16,200
14,693
12,627
16,312
13,873
19,414
13.917
15,828
14,512
71
33
64
92
30
70
8
72
35
65
15,475
17,210
13,728
17,323
13,092
9,905
12,038
18,737
13,891
14,207
14,776
17,016
15,172
13,360
17,290
14,797
20,103
14,616
16,796
15,160
16,023 15,655
18,471 18,749
14,432 14,327
17,863 17,866
13,363 13,931
9,961
9,910
11,961 12,231
19,477 20,007
14,209 14,323
14,710 15,067
16,502 17,828
15,333 15,976
15,081 15,932
18,352 19,487
13,804 13,477
15,409 14,963
14,799 15,259
15,623 16,503
17,216 17,677
16,921 17,769
18,159
16,391
16,519
19,981
13,288
14,925
15,390
15,941
17,763
18,030
16
43
41
10
93
69
61
49
23
20
13,734
14,704
15,877
14,380
17,513
13,136
15,887
16,112
18,851
14,791
14,585
15,195
16,008
14,131
17,446
13,798
16,385
16,318
18,939
15,324
74
63
48
83
28
88
44
45
12
62
13,368
14,324
15,196
13,660
17.858
13,541
15,382
15,018
17,899
14,108
4,383
4,599
4,732
524
578
589
2.9
1.9
17,374
16,112
88,205
65,422
22,783
93,384
69,490
23,894
96,451
72,031
24,420
3.3
3.7
2.2
15,968 16,814 17,193
16,586 17,502 17,942
14,426 15,092 15,308
1 0
1.6
3.3
-9.6
1 8
13 828
18,324
16,349
16,090
14 208
20^585
12,366
15 976
15,375
14,673
14,490
18,936
16,959
16,499
14,987
22,111
13,360
16,575
15,828
15,514
14,549
19,135
17,213
14,952
15,376
22,641
13,645
16,565
16,018
16,051
3.9
2.3
4.0
1.9
51
4.0
2.4
4.2
2.3
2.1
13,239
13,579
14,063
13i075
14 493
K979
14,874
K500
17,915
16,321
13,554
15,166
15J649
15,235
15,455
18 807
16,585
.5
5.3
14,255
16,205
14,119
13,136
14',182
15,196
14,678
12,884
24,410
17,568
14,739 14,789
17,062 17,542
14,787 14,230
13,996 13,896
14,641 14,649
15,992 16,282
15,388 15,715
13,493 13,875
26,538 26,980
18,720 19,239
426
452
457
5,476
1,040
5,712
1,080
5,805
1,116
152
202
781
156
210
845
141
214
853
172
300
189
312
196
316
591
608
617
1,286
1,363
1,427
326
469
107
360
557
353
520
336
498
112
373
591
371
540
349
509
116
381
621
386
553
1,740
1,849
1,927
651
691
706
2,518
2,603
2,657
373
383
385
1,036
1,102
1,161
252
257
267
486
263
274
276
254
285
277
519
2,587
510
1,140
411
2,920
3122
795
854
894
1,094
390
1,165
431
407
435
453
1,325
1,459
1,527
699
732
752
1,369
1,406
1,453
549
539
383
274
355
574
575
394
290
391
579
597
395
298
411
.9
3.7
1.3
1.4
4.7
-3.4
3.9
.5
1.7
2.2
4.9
6.9
4.6
4.3
4.6
2.7
3.3
.9
3.8
.1
2.7
5.0
55
13
79
21
85
101
98
9
80
67
18,161
17,685
18,399
17,688
15J92 16,059 16,180
10 819 11,297 11,753
13,711
17,647
14 449
16^820
15.586
14,335
15,306
12,755
11,964
13,710
15,538
16,099
15,386
16,080
18,920
16,857
14,493 14,832
19,208 19.680
15216 15^588
17,426 17,732
16.172 16.222
15,209 15,567
15,804 15.468
13,497 13,786
13,108 13,703
14
24
66
7
19
58
49
2
82
22
35
33
72
30
91
80
44
31
47
3?
8
20
62
18
71
74
65
26
39
1989
Jennings
Johnson
Knox
Kosciusko
Lagrange
Lake
La Porte
Lawrence
Madison
Marion
Marshall
Percent
change 2
M lions of dollars
Area name
1991
16,893 17,898 18,258
14793 15 634 15,795
17,101 17,805 18,143
14,296
17,007
15,259
13,032
17,335
14,950
19,999
14,363
16,441
15,107
Per capita personal income 3
Total personal income
1990
1991
297
318
333
1,522
1,666
1,769
543
567
589
1,095
1,154
1,168
366
380
384
7,332
1,682
7,715
1,767
7,922
1,816
1990-91
Rank in
State
Dollars
1990
1991
48
6.2
4.0
1.2
1.2
2.7
2.7
4.7
1.6
4.7
2.4
12 626
17,485
13.560
16,932
12,572
15,357
15,732
13,920
15,429
18,067
14,642
13,393
18,818
14,225
17,606
12,822
16,235
16,494
14,354
15,791
19,166
14,977
13,798
19,282
14,732
17,870
12,969
16,536
16,785
14,985
15,936
19,863
15,103
76
5
63
12
86
23
21
56
37
3
54
3.1
2.2
4.6
2.7
5.3
12,506 13,370
13,454 14,128
13,535 14,391
16,554 17,550
14,513 15,726
14,527 15,355
14,123 14,923
12,469 13,356
12,276 12,610
12,634 13,462
13,761
14,270
14,957
17,871
16,265
14,404
15,091
14,282
12,784
13,959
79
70
57
11
27
68
55
69
87
73
4.6
1.8
4.2
2.1
13,562
12,402
13,969
16,649
15,034
15,637
13,506
12,748
14,717
14,445
14,450 14,488
12,895 13,219
14,849 15,300
17,771 17,806
15,416 15,755
16,456 15,636
14,351 14,663
13,197 13,387
15,631 15,969
15,296 15,585
67
85
52
14
38
40
64
84
36
42
3.0
5.9
3.3
2.0
-.2
2.5
3.4
6.1
4.2
1.2
16,487 17,193 17,625
11,569 12,210 12,688
15,206 16,179 16,534
13,800 14,622 14,832
11,945 12,143 12,143
16,980 17,594 17,779
14,113 14,791 15,273
9,993 10,585 11,188
14,777 15.692 16,185
17,082 17,626 17,867
17
88
24
61
90
15
53
92
29
13
-.2
3.1
2.5
5.1
1.6
13,227
16,900
13,730
14,147
14,485
14,671
17,169
11,599
14,456
15,364
13,921
17,954
14,443
14,790
15,041
15,181
18,265
12,276
14,978
16,118
13,790
18,425
14,950
15,382
15,348
13,393
18,602
12,597
15,322
16,416
77
10
59
48
50
83
9
89
51
25
15,592 15,428
15,919 16,035
46
34
594
616
645
2,020
14,330
2,063
15,311
2,097
16,034
614
633
649
130
498
139
521
143
532
1,461
1,574
1,647
570
803
197
530
66
226
216
605
883
208
567
71
232
234
621
930
198
577
76
238
247
210
237
176
222
247
185
226
252
189
2,130
2,298
2,358
389
198
408
348
362
263
401
208
436
358
385
277
408
200
456
364
401
283
4,054
4,256
4,384
241
610
269
269
460
270
77
257
654
285
277
485
280
82
272
675
291
277
498
290
87
1,916
2,055
2,141
275
284
288
92
97
97
2,789
2,965
3,058
231
242
248
1,506
1,568
1,648
507
121
766
272
528
124
823
292
536
109
854
303
1,040
1,078
1,104
393
420
427
3.8
3.8
2.4
1.5
349
421
363
442
360
450
-.8
1.8
15,041
15,346
43,947
20,313
23,633
46,842
21,820
25,023
48,224
22,697
25,527
2.9
4.0
2.0
15,862 16,848 17,251
17,039 18,136 18,678
14,973 15,866 16,154
Adair
Adams
Allamakee
Appanoose
Audubon
Benton
Black Hawk
Boone
Bremer
Buchanan
132
72
189
181
103
339
1,850
137
11
203
192
108
360
139
76
198
199
112
362
1.6
1,973
2,046
409
333
281
421
358
310
441
365
317
15,559
14 739
13,645
13,193
13,929
15,182
14,900
16 282
14,540
13,494
Buena Vista
Butler
Calhoun
Carroll
Cass
Cedar
Cerro Gordo
Cherokee
Chickasaw
Clarke
317
206
180
357
246
278
727
209
193
324
227
179
376
252
298
790
226
208
Martin
Miami
Monroe
Montgomery
Morgan
Newton
Noble
Ohio
Orange
Owen
Parke
Perry
Pike
Porter
Posey
Pulaski
Putnam
Randolph
Ripley
Rush
St Joseph
Scott
Shelby
Spencer
Starke
Steuben
Sullivan
Switzerland
Tippecanoe
Tipton
Union
Vanderburgh
Vermillion
Vigo
Wabash
Warren
Warnck
Washington
Wayne
Wells
White
Whitley
Iowa
Metropolitan portion
Nonmetropolitan portion
. . .
113
118
334
233
181
390
259
300
816
234
212
118
263
270
749
229
485
99
94
240
668
256
278
292
794
247
519
113
97
275
712
278
275
283
814
253
543
112
100
269
729
285
1,289
1,383
1,431
1991
1989
-4.6
1.7
7.1
2.6
5.5
1.4
2.1
2.1
2.6
1.8
-4.0
-11.8
16,461
16,054
14,267
14,451
15,451
16,033
16,390
17,361
15,956
15,121
38
46
90
87
69
47
41
16
49
79
15,876 16,216 16,650
13,064 14,472 14,673
15,597 15,543 15,652
16,654 17,518 18,178
16,207 16,703 17,192
15,982 17,135 17,168
15,564 16,897 17,281
14,708 16,062 16,600
14,393 15,660 15,931
13,715 14,174 14,227
33
84
60
10
20
22
19
35
51
91
2.5
2.3
14,908 15,808 15,654
14,112 15,332 14,981
14,655 15,553 15,976
13,592 14,723 15,128
16,436 17,388 17.920
11,881 13612 13.438
11,240 11,655 12,252
13,318 15,231 14.769
15.694 16.694 17,018
17,247 18.632 18.664
58
82
48
78
11
97
99
83
27
6
3.5
14,924
37
-1 2
-2.5
4.0
4.1
.6
3.7
47
2.2
2.4
3.0
2.4
1.2
3.8
2.6
.6
3.2
3.4
1.9
-6.2
16,270
15813
14,686
13,938
14,740
16,003
15,941
16 689
15,679
14,844
75
1
6
60
4
41
16
28
43
45
78
81
Clay
Clayton
Clinton
Crawford
Dallas
Davis
Decatur
Delaware
Des Mcines
Dickinson
Dubuque
-.8
-3.2
2.6
2.6
4.6
-1.0
3.1
-2.3
15,992
16,469
SURVEY OF CURRENT BUSINESS
74 • May 1993
Table 2.—Total Personal Income and Per Capita Personal Income by County, 1989-91—Continued
Per capita personal income 3
Total personal income
Area name
Millions of dollars
1989
Emmet
Fayette
Floyd
Franklin
Fremont
Greene
Grundy
Guthrie
Hamilton
Hancock
Hardm
Harrison
Henry
Howard
Humboldt
Ida
Iowa
Jackson
Jasper
Jefferson
Johnson
Jones
Keokuk
Kossuth
Lee
Linn
Louisa
Lucas
Lyon
Percent
change 2
155
287
237
156
141
162
190
162
296
178
292
205
294
144
179
132
223
274
579
1990
164
314
256
165
143
158
206
170
292
193
312
218
324
155
174
137
239
292
608
1991
163
316
256
163
152
165
213
177
309
182
316
226
333
154
170
136
244
291
616
232
249
251
1,593
1,721
1,801
247
166
279
561
263
174
285
592
263
176
277
611
2,976
3,142
3,256
171
132
171
185
138
177
182
143
184
1990-91
-.5
.7
-.1
-1.1
6.1
4.4
3.1
3.9
6.1
-5.8
1.4
3.5
2.5
-.4
-2.1
-.2
2.0
-.2
1.3
.8
47
.2
1.2
-2.7
3.1
3.6
-1.6
3.7
4.0
Dollars
1989
13,386 14,163
13,036 H 3 9 6
13,801 15,040
13,641 14,515
17,060 17,385
15,957 15,761
15,671 17,193
14,742 15,588
18,423 18,137
86
34
71
21
64
50
40
36
85
13
14,328
16,862
12,709
14,22a
14,890
14 444
17,764
14,806
14513
14,312
15,206
17,790
13,500
14,954
15,372
15,313
18,559
15,904
15 230
14,838
15,348
18,524
13,459
15,103
15,157
15,647
19,079
15,654
15,621
15,468
72
8
96
80
77
61
4
59
62
67
213
335
526
677
267
182
150
126
200
745
O'Brien
Osceola
Page
Palo Alto
Plymouth
Pocahontas
Polk
Pottawattamie
Poweshiek
Rmggold
242
103
246
152
362
160
256
109
259
163
388
152
263
114
267
164
406
153
6 226
1,238
6,760
1,316
7,062
1,364
303
73
319
73
323
74
178
187
189
2,587
2,782
2,878
211
419
225
448
234
464
1,082
1,143
1,189
255
90
181
93
498
273
94
192
101
528
274
98
195
103
547
547
286
94
624
193
286
598
314
98
650
201
318
625
322
99
678
195
318
1,523
1,627
1,692
121
252
129
244
124
243
-3.5
40,841
24 399
16,442
44,072
26 201
17,871
45,675
27440
18,235
Allen
Anderson
Alchison
Barber
Barton
Bourbon
Biown
Butler
Chase
Chautauqua
185
107
229
93
454
216
146
794
49
54
197
110
243
100
482
219
161
859
49
55
198
113
249
95
499
226
163
901
48
59
.6
2.8
2.7
12,454
13,633
13,424
15,463
15,178
14,323
13,098
15,854
16,012
12,197
Cherokee
Cheyenne
Clark
Clay
Cloud
Coffey
Comanche
265
48
44
126
145
124
40
280
56
51
149
169
132
45
291
54
46
143
160
140
45
Warren
Washington
Wayne
Webster
Wmnebago
Winneshiek
Woodbury
Worth
Wright
Kansas
Metropolitan portion
Nonmetropolrtan portion
See footnotes at end of table.
93
89
76
88
7
42
12
53
3
14,544
16,643
15.372
17,169
15,512
15,933
16,433
16,478
14,615
17,742
207
328
510
653
255
184
151
122
195
727
Scott
Shelby
Sioux
Story
Tama
Taylor
Union
Van Buren
Wapello
14,006
14 380
15,174
14,423
18,593
16,334
17,764
15,868
19,206
16 928
15,593
17,358
17,683
19,997
16,683
15,046
15,434
16,738
18,354
29
63
17
14
2
32
81
70
31
9
-.7
3.0
2.7
2.4
15,881 16 562
14,313 15,232
16,284 16,947
16,242 17,055
17,983 19,235
15,596 16,831
14,859 15,115
13,784 15,104
15,755 16,163
17,048 18,185
2.7
4.1
3.4
.6
4.6
.9
4.5
3.6
1.2
.9
15,629
14,062
14,543
14,117
15,538
16,539
19,283
15,017
16,016
13,451
16,559 16,967
15,055 15,720
15,347 15,929
15,336 15,482
16,552 17,330
15,966 16,210
20,561 21,190
15.909 16,453
16,700 17,024
13,571 13,745
28
57
52
66
18
44
1
39
26
95
.8
3.4
4.2
3.6
4.0
.5
3.9
2.1
1.3
3.7
14,420
17,155
15,913
14,058
14,660
14,584
12,472
14,170
12,131
13,874
15,203 15,507
18,413 18,772
17,004 17,599
14,943 15,342
15,356 15,848
15,683 15,791
13,282 13,814
15,019 15.462
13,197 13,242
14,813 15,299
65
5
15
73
54
55
94
68
98
74
4.4
2.3
.8
4.3
-.6
15,074
14,665
13,244
15,398
15,957
13,719
15,574
15,025
17,536
16.628 17,105
15,991 16,117
13,893 14,028
16,131 16,799
16,547 16,294
15,224 15,249
16,520 17,042
16,119 15,737
17,143 17,140
24
45
92
30
43
75
25
56
23
3.6
47
2.0
16,516 17,768 18,306
18462 19 590 20,238
14,281 15,636 16,005
-1.0
-2.7
.1
4.0
-4.7
3.7
3.2
1.2
4.9
-1.9
8.6
4.2
-3.0
-9.2
-4.1
-5.2
5.9
.1
Area name
1991
15,271
16,376
14,821
16,815
15,773
16,172
16,333
16,310
14,635
17,434
197
307
484
623
236
171
150
112
191
678
Sac
1991
14,125
15,166
13,920
15,421
14,598
16,538
15,741
15,272
13,661
16,706
Madison
Mahaska
Marion
Marshall
Mills
Mitchell
Monona
Monroe
Montgomery
Muscatine
2.5
2.1
3.0
3.7
4.8
1990
13,501 13,530
14,105 14,538
14,376 14.825
17,113 16,522
16,480 17,041
14,690 15,181
14,462 14,640
16,922 17,428
16,148 16,350
12,474 13.683
103
92
81
41
34
71
88
30
47
100
12,340 13,098 13.542
14,501 17,302 16,505
17,996 20,987 19.450
13,618 16.261 15.703
13,011 15,382 14,738
14.606 15,786 16.587
17,055 19,425 19,928
102
43
14
60
85
39
9
Per capita personal income 3
Total personal income
Rank in
State
Millions of dollars
1989
Cowley
Crawford
Decatur
Percent
change 2
540
502
69
1990
548
543
76
1991
1990-91
1990
1991
1991
3.5
47
2.5
14,624 14,841 15,531
13,993 15 298 15 985
16,946 18,898 20,008
65
55
8
.2
8.4
5.3
-.7
.9
3.5
13,184
12.906
13,494
15,845
14,735
14,258
12,958
14,480
15.267
13,768
14,798 14,923
14,296 15,472
14,078 14,590
18,835 19,240
14,205 14,864
15,785 16,410
15,026 14,786
14,941 16,081
16,733 16,880
14,812 15,166
77
66
91
18
80
46
83
53
36
72
11,666
19,080
13.013
16,072
14,889
25,220
13,602
18,393
15,328
14,353
12,466
22,163
15,644
17,746
17,171
28,105
14,699
22,256
17,003
15,100
12,997
19,343
14,813
18,072
17,721
30,028
14,995
27,786
16,514
16,076
105
15
82
25
28
1
76
2
42
54
17,721
14,344
13,739
14,413
12.045
24,687
16 892
12,773
15,453
14,023
20,302 19,343
17,445 14,921
14,936 15,383
15,539 15,817
16,347 13,759
26,481 27,097
22 033 19 734
15,355 15,419
18,289 18,556
14,598 15,437
16
78
69
57
99
3
10
68
21
67
251
106
280
116
281
126
1,158
1,219
Ellis
Ellsworth
Fmney
Ford
Franklin
61
50
374
86
472
418
302
71
47
409
99
497
460
326
71
48
424
97
537
467
336
Geary
Gove
Graham
Grant
Gray
Greeley
Greenwood
Hamilton
Harper
Harvey
355
63
47
115
80
45
108
45
110
446
380
71
55
127
93
50
115
53
121
469
379
63
52
134
95
53
119
65
116
500
Haskell
Hodgeman
Jackson
Jefferson
Jewell
Johnson
Kearny
Kmgman
Kiowa
Labette
69
32
159
228
52
79
38
172
248
69
76
33
177
253
57
8,592
9,472
9,885
4.4
67
107
57
335
89
127
67
345
79
128
66
365
-11 7
Lane
Leavenworth
Lincoln
Linn
Logan
Lyon
McPherson
Marion
Marshall
Meade
46
863
47
104
45
503
421
163
168
68
46
929
61
110
48
516
462
177
194
79
49
982
55
115
51
543
471
178
187
83
Miami
Mitchell
Montgomery
Morris
Morton
Nemaha
Neosho
Ness
Norton
Osage
334
90
542
76
53
162
239
68
83
209
349
120
573
84
60
186
256
82
96
224
358
109
590
83
62
189
272
77
94
231
Osborne
Ottawa
Pawnee
Phillips
Pottawatomie
Pratt
Rawlins
Reno
Republic
Rice
68
71
122
96
216
144
49
960
91
147
85
82
133
110
232
163
59
77
77
136
109
242
170
53
1,009
1,039
2.9
95
167
94
168
-1.9
Riley
Rooks
Rush
Russell
Saline
Scott
Sedgwick
Seward
Siawnee
Sheridan
832
74
49
124
826
91
887
86
64
139
896
109
908
84
62
136
935
115
2.4
7193
7 663
8 083
4.4
5.2
55
Elk
1989
567
568
78
1,087
Dickinson
Domphan
Douglas
Edwards
Rank in
State
Dollars
-2.2
8.0
1.5
3.1
-.2
-11.1
-5.2
5.1
2.5
5.6
3.4
21.9
-3.9
6.6
-3.4
-11.7
3.1
2.0
-18.0
.7
-.3
5.9
6.2
5.7
-9.8
4.0
5.2
5.2
1.8
.4
-3.4
5.3
2.7
-9.2
3.0
-1.8
3.6
1.7
6.3
-6.2
-1.9
3.3
-9.0
-6.1
2.2
-1.3
4.2
4.6
-9.7
.7
-2.3
-4.3
-2.5
276
298
333
11.5
2,916
3,044
3,166
44
50
52
4.0
2.9
Sherman
Smith
Stafford
Stanton
Stevens
Sumner
Thomas
Trego
Wabaunsee
Wallace
101
70
85
55
106
389
128
50
88
30
114
79
95
59
111
423
138
60
97
29
112
11
97
59
112
429
141
57
97
29
-1.5
-2.2
Washington
Wichita
Wilson
Woodson
Wyandotte
84
62
142
55
101
60
143
55
98
54
149
57
-2.8
-9.9
2,175
2,258
2,347
1.1
-.5
.6
1.3
2.5
-5.5
.7
-.8
4.0
3.2
3.9
19,175 19,598
13,580 14,358
12,773 16,744
12.597 13,374
14,528 15,759
14,435 14,880
15,389 16,971
12,528 13,772
14,154 16,622
15,779 18,636
21,161
14,672
15,568
13,671
16,576
15.688
17,296
13,872
16,250
19,313
7
87
62
101
40
61
33
96
48
17
14,329 14,817
12,308 16,676
13,855 14,798
12,295 13,619
15,298 17,282
15,387 17,870
13,904 15,090
16,437 20.462
13,798 16,168
13,739 14,654
15,054
15,061
15.202
13,146
18,352
18,095
15.861
19,235
16,110
14,921
75
73
70
104
23
24
56
19
52
79
13,629 17,478 15,538
12,597 14,584 13.761
16,010 17,659 17,832
14,495 16,743 16,759
13,505 14,369 14,702
14,623 16,870 17.706
14,020 17,428 15,794
15,289 16,206 16,615
13,857 14,768 14,604
13,700 15,793 16,140
63
98
26
37
86
29
59
38
90
49
12,384 13,212
12,046 14,278
12,446 16,916
15,448 17,862
16,735 18,169
16,924 20,695
17 926 18 937
14,706 15,923
18,159 18,887
14,063 16,576
14,122
13,780
16,122
17,321
18,630
21,784
19 666
17,827
19,476
17,419
94
97
50
32
20
6
12
27
13
31
14,360 16,506 16,485
13,569 15,576 16,121
15,520 17,883 18,517
23,586 25,497 24,657
20,990 21,966 21.978
15,049 16,365 16,475
15,353 16,731 17.011
13.255 16,405 15.811
13.199 14.658 15.059
16.622 15,924 15.538
44
51
22
4
5
45
35
58
74
64
11,683 14,297 14,060
22.194 21,739 19,716
13.572 13.972 14.775
13,227 13.533 14.179
13,330 13.971 14.629
95
11
84
93
89
SURVEY OF CURRENT BUSINESS
May 1993
•
75
Table 2.—Total Personal Income and Per Capita Personal Income by County, 1989-91—Continued
Per capita personal income3
Total personal income
Millions of dollars
Perceni
change2
Dollars
1990-91 1989
1990
1989
1990
1991
51,475
28,613
22,862
55,287
30,721
24,566
58,014
32,014
26,000
165
163
195
117
415
102
317
962
260
782
183
170
209
124
437
113
334
1,054
281
814
195
178
225
126
468
120
354
1,103
292
846
6.8
5.1
7.3
2.0
7.0
6.2
5.7
4.6
4.1
3.9
10,741
11,180
13,549
14,760
12,272
10,487
10,003
17,082
13,514
15,224
11,879
11,586
14,300
15,707
12,821
11,668
10,628
18,156
14,577
15,939
12,599
12,201
14,834
15,934
13,639
12,361
11,374
18,200
15,131
16,534
69
76
32
19
51
74
93
7
26
13
Boyle
Bracken
Breathitt
Breckinridge
Bullitt
Butler
Caldwell
Calloway
Campbell
Carlisle
345
80
149
182
616
117
151
405
1,252
63
374
89
170
196
669
120
158
428
1,338
65
388
96
176
205
712
127
164
458
1,382
65
3.5
8.7
3.3
4.5
6.4
5.8
3.7
7.1
3.3
.4
13,536
10,406
9,456
11,135
13,095
10,434
11,442
13,367
15,007
12,050
14,572
11,387
10,873
11,992
14,002
10,654
11,941
13,843
15,917
12,344
15,044
12,179
11,827
12,483
14,479
11,232
12,552
14,827
16,425
12,311
29
78
85
72
36
97
71
33
14
75
Carroll
Carter
Casey
Christian
Clark
Clay
Clinton
Crittenden
Cumberland
Daviess
125
232
133
755
392
184
77
96
62
1,294
134
255
147
766
427
185
84
100
67
1,377
144
275
163
795
450
205
94
105
73
1,437
6.9
8.1
10.7
3.8
5.5
10.7
11.5
4.8
8.5
4.4
13,500
9,511
9,329
11,012
13,384
8,428
8,366
10,418
9,044
14,892
14,422
10,463
10,377
11,089
14,437
8,520
9,202
10,836
9,969
15,765
15,120
11,104
11,473
11,944
15,175
9,319
10,175
11,296
10,828
16,387
28
98
91
82
25
115
109
94
101
15
Edmonson
Elliott
Estill
Fayette
Fleming
Floyd
Franklin
Fulton
Gallatin
Garrard
77
47
139
4,030
131
502
685
110
66
147
84
50
151
4,369
141
538
733
111
71
161
92
57
163
4,559
147
569
774
115
77
171
8.6
13.5
7.5
4.3
4.1
5.6
5.7
3.7
8.2
5.9
7,416
7,245
9,531
18,145
10,648
11,368
15,721
13,242
12,468
12,745
8,175
7,800
10,345
19,283
11,484
12,401
16,695
13,404
13,098
13,898
8,840
8,695
10,874
19,964
11,807
12,995
17,661
14,048
14,044
14,380
118
120
100
4
86
63
9
40
41
38
Grant
Graves
Grayson
Green
Greenup
Hancock
Hardin
Harlan
Harrison
Hart
188
463
217
111
492
111
1,145
397
197
153
208
470
235
123
531
120
1,222
434
213
168
225
504
252
132
554
124
1,261
446
228
181
8.3
7.3
7.3
7.3
4.3
3.5
3.1
2.8
6.7
7.8
12,154
13,889
10,367
10,713
13,348
14,061
12,543
10,683
12,217
10,215
13,123
13,972
11,123
11,877
14,456
15,267
13,787
11,923
13,097
11,320
13,860
14,976
11,693
12,737
15,125
15,901
14,393
12,188
13,849
11,840
45
30
88
66
27
20
37
77
46
84
641
168
66
727
94
11,933
432
259
2,235
155
682
184
66
767
104
12,823
479
278
2,380
164
701
198
67
794
114
13,325
507
294
2,465
176
2.8
7.8
.3
3.4
9.8
3.9
5.9
5.7
3.6
7.1
14,971
13,123
11,724
15,783
7,859
17,945
14,370
11,033
15,852
8,644
15,817
14,302
11,974
16,621
8,666
19,277
15,611
11,984
16,708
9,182
16,188
14,956
11,925
17,110
9,379
20,006
16,149
12,586
17,239
9,740
17
31
83
12
113
3
18
70
10
112
276
147
500
126"
61
122
272
123
192
108
303
158
528
136
64
133
296
136
210
120
326
163
572
149
69
144
315
147
223
126
7.4 9,319 10,213 10,802
3.5 12,566 13,519 13,910
8.3 11,630 12,100 12,885
9.2 9,051 9,731 10,421
7.3 8,187 8,698 9,343
8.0 8,878 9,783 10,550
6.2 9,968 10,998 11,640
8.4 9,358 10,431 11,259
6.0 9,648 10,448 10,989
4.8 11,975 13,231 13,816
102
43
65
105
114
104
89
96
99
48
300
69
1,030
110
125
677
105
189
378
144
313
72
1,124
120
128
745
119
206
401
151
328
77
1,181
138
129
786
131
219
422
161
215
260
38
276
86
237
281
42
307
94
246
283
45
314
106
Kentucky
Metropolitan portion
Nonmetropolitan portion
Adair
Allen
Anderson
Ballard
Barren
Bath
Bell
Boone
Bourbon
Boyd
Henderson
Henry
Hickman
Hopkins
Jackson
Jefferson
Jessamine
Johnson
Kenton
Knott
Knox
Larue
Laurel
Lawrence
Lee
Leslie
Letcher
Lewis
Lincoln
Livingston
Logan
Lyon
McCracken
McCreary
McLean
Madison
Magoffin
Marion
Marshall
Martin
Mason ....
Meade ....
Menifee ..
Mercer ...
Metcalfe .
See footnotes at end of table.
1991
13,301
11,498
18,675
8,741
13,332
13,432
9,912
13,119
15,273
12,623
56
90
6
119
55
53
110
59
23
68
4.0 12,936 14,174 14,613
.7 10,881 11,582 12,102
8.5 7,563 8,214 8.933
2.5 14,501 15,979 16,326
13.0 9,584 10,455 11,779
35
80
117
16
87
4.7
7.0
5.0
14.2
.2
5.5
10.2
6.4
5.1
6.0
12,288
10,413
16,453
7,045
12,910
11,916
7,962
11,358
14,062
11,319
12,805
10,897
17,844
7,718
13,324
12,892
9,080
12,482
14,699
12,135
Percent
change 2
Millions of dollars
1991
4.9 13,998 14,984 15,626
4.2 16,395 17,458 18,093
5.8 11,833 12,728 13,380
Per capita personal income 3
Total personal income
Rank in
State
1989
1990
1991
1990-91
Rank in
State
Dollars
1989
1990
1991
Monroe
Montgomery
Morgan
Muhlenberg
Nelson
13C
23;
9;
356
40
138
253
11
380
441
14!
264
124
397
462
Nicholas
Ohio
Oldham
Owen
Owsley
Pendleton
Perry
Pike
Powell
Pulaski
226
683
94
38
134
376
876
110
595
88
245
721
106
42
147
408
964
11
659
95
257
755
115
47
163
426
1,022
121
700
8.9
4.9
4.8
8.4
4.5
6.0
5.9
6.2
12,038 13,013 14,075
10,693 11,603 12,08"
21,024 21,472 21,523
10,39' 11,735 12,369
7,510
9,12:
8,413
11,32' 12,116 13,145
12,282 13,499 13,843
11,911 13,328 13,972
9,416
9,768 10,404
12,073 13,291 13,884
78
264
125
23
150
214
184
410
415
194
85
275
128
25
162
233
194
434
435
204
91
291
134
9.1
7.7
9.1
5.5
6.0
4.9
5.1
6.6
5.8
4.6
10,081
9,418
9,718
11,629
15,996
15,71;
12,701
11,611
12,536
11,391
128
86
236
1,059
126
154
223
380
54
410
134
84
246
1,131
138
168
240
409
58
430
140
91
252
1,208
143
181
261
438
68
446
5.1
6.8
3.8
7.7
8.9
7.0
15.8
3.6
12,414 12,855 13,373
14,073 13,767 14,692
14,174 14,895 15,298
13,804 14,750 15,570
12,150 13,201 13,679
9,621 10,281
8,846
15,87' 17,210 18,84'
11,377 12,279 13,04
9,899
8,273 8,999
20,842 21,459 21,893
56,286
44,471
11,815
60,220
47,439
12,782
64,035
50,198
13,837
6.3
5.8
8.3
13,235
14,235
10,466
14,300 15,054
15,326 16,034
11,455 12,320
Acadia
Allen
Ascension
Assumption
Avoyelles
Beauregard
Bienville
Bossier
Caddo
Calcasieu
562
189
719
232
345
349
178
1,114
3,766
2,244
593
199
797
250
394
375
188
1,189
3,919
2,455
641
219
1,266
4,108
2,614
8.0
9.9
10.0
6.8
3.3
7.0
6.4
6.5
4.8
6.5
9,959
8,810
12,375
10,118
8,724
11,51:
11,079
12,875
15,035
13,291
10,643 11,347
9,393 10,288
13,677 14,763
11,004 11,769
10,091 10,454
12,483 12,964
11,794 12,530
13,830 14,673
15,828 16,668
14,613 15,363
Caldwell
Cameron
Catahoula
Claiborne
Concordia
De Soto
East Baton Rouge
East Carroll
East Feliciana
Evangeline
104
107
91
184
218
283
6,173
89
205
330
113
116
105
192
239
292
6,587
91
227
367
120
122
113
201
251
302
7,019
121
250
401
6.1
5.0
7.7
4.6
5.2
3.5
6.5
Franklin
Grant
Iberia
Iberville
Jackson
Jefferson
Jefferson Davis
Lafayette
Lafourche
La Salle
190
166
779
364
177
7,098
311
2,483
1,014
148
215
181
843
401
184
7,537
338
2,746
1,087
158
243
193
906
425
201
7,942
13.3
6.5
7.5
6.0
9.1
5.4
9.9
6.2
5.7
7.3
8,402
9,462
11,346
11,573
11,115
15,707
10,016
14,977
11,753
10,530
9,627
10,357
12,367
12,968
11,781
16,849
11,031
16,695
12,678
11,676
10,987
11,001
13,127
13,694
12,909
17,489
11,980
17,266
13,307
12,307
Lincoln
Livingston
Madison
Morehouse
Natchitoches
Orleans
Ouachita
Plaquemines
Pointe Coupee
Rapides
484
719
102
353
377
7,712
1,830
351
242
1,760
515
782
106
372
397
8,146
1,941
374
265
1,877
12.7
8.8
20.8
12.9
6.4
4.2
6.4
8.6
2.3
6.9
11,559
10,212
7,967
10,887
10,172
15,262
12,820
13,640
10,590
13,283
12,341
11,082
8,597
11,708
10,863
16,474
13,662
14,643
11,821
14,296
13,761
11,811
10,510
13,245
11,512
17,130
14,396
15,865
11,981
15,230
102
239
248
854
626
74
281
105
252
265
900
685
80
294
524
4.6
17.5
10,703 11,200
11,414 12,249
10,797 11.758
12.777 13,521
14,759 16,127
8,117
7,421
13.330 14,115
12.193 13.076
9,941 11,048
11,888
14,456
12.773
14,180
16.731
8,498
15.029
13.305
11,547
Robertson
Rockcastle
Rowan
Russell
Scott
Shelby
Simpson
Spencer
Taylor
Todd
Trigg
Trimble
Union
Warren
Washington
Wayne
Webster
Whitley
Wolfe
Woodford
Louisiana
Metropolitan portion
Nonmetropolitan portion
Red River
Richland
Sabine
St. Bernard
St. Charles
St. Helena
St. James
St. John the Baptist
St. Landry
2"
139
196
170
37;
386
192
876
267
407
401
200
371
2,917
1,149
170
581
851
128
420
423
8,487
2,065
406
271
2,007
110
296
288
943
728
85
312
541
932
11.6
4.3
4.8
9.0
6.2
5.7
6.1
3.3
5.4
11,356 12,156
12,112 12,923
8,279
9,548
11,334 12,156
13,593 14,804
10,659
10,129
10,455
12,443
17,088
16,63:
12,823
12,463
12,994
11,680
13,526
10,375
12,66"
15,18:
11,444
10,800
11,283
12,920
17,804
17,18'
13,196
13.119
13,640
12,17;
10,400 11,594 12,294
11,396 12,548 13,125
9,557 10,149
8,046
10,438 11,060 11,600
10,297 11,531 12,146
11,022 11,562 12,054
16,155 17,353 18,148
9,020 9,450 12,747
10,621 11,822 12,883
9,823 11,073 11,948
j6
• May 1993
SURVEY OF CURRENT BUSINESS
Table 2.—Total Personal Income and Per Capita Personal Income by County, 1989-91 —Continued
Per capita personal income3
Total personal income
Area name
Percent
change 2
Millions of dollars
1989
1990
1991
1990-91
Dollars
1989
1990
1991
9,632
10,142
11,087
53
11,235
15,862
10,602
9,289
11,491
11427
10,973
9,355
10 462
12,207
12,326
16,958
11,673
11,943
12,488
12 442
12,028
10,109
11 109
12,957
12,878
17,531
12,673
13,526
13,017
13,276
12,658
10,695
11 839
13,868
32
2
35
13,578
9,040
9,695
10,174
14,209
10,541
10,207
10,836
St. Martin
425
446
489
9.8
St. Mary
St. Tammany
Tangipahoa
Tensas
Terrebonne
Union
Vermilion
Vernon
Washington
Webster
665
712
750
2,277
2,457
913
67
999
84
2,642
1,098
5.4
7.5
9.9
94
11.0
1,123
1,208
1,285
239
553
577
456
517
257
601
627
478
543
275
635
688
504
577
6.3
70
5.7
9.6
53
6.3
246
263
109
279
128
5.9
17.1
125
165
132
173
4.7
12,585
7,853
8,785
9,455
19,957
8,685
11,272
21,084
9,162
11,922
21,531
9,319
12,213
2.1
1.7
2.4
16,358 17,125 17,442
17,670 18,458 18,792
15,473 16,224 16,537
1,633
1,151
4,876
418
1,704
1,216
5,158
1,744
1,267
5,214
449
2.3
15,582 16,161 16,682
13,153 14,008 14,483
20,230 21,142 21,351
14,436 14,981 15,387
17,158 18,516 18,796
16,428 17,320 17,712
16,359 17,159 17,398
18,508 19,247 19,330
14,290 14,876 15,272
14,937 15,649 16,043
West Baton Rouge
West Carroll
West Feliciana
Winn
Maine
Metropolitan portion
Nonmetropolitan portion
96
114
155
Androscoggin
Aroostook
Cumberland
Franklin
Hancock
Kennebec
Knox
Lincoln
Oxford
Penobscot
591
555
747
624
587
639
589
801
784
2,300
894
3.1
2.3
.3
2.1
263
621
713
2.5
448
2,808
256
616
689
433
476
2,921
2,952
98,915
93,468
5,447
105,236
99,407
5,829
108,363
102,291
6,071
3.0
2.9
1,043
9,206
15,474
1,031
1,097
9,793
16,394
1,124
1,144
10,010
16,698
1,198
366
399
408
4.3
2.2
1.9
6.5
2.3
2,555
1,254
1,810
2,812
1,298
1,937
2,899
1,346
2,020
3.7
4.3
476
502
518
2,789
3,004
3,126
350
3,609
4,867
376
3,871
5,273
392
4,016
5,401
321
348
355
21,690
13,517
23,167
14,294
23,748
14,857
673
731
742
1,184
1,267
1,350
250
720
260
779
272
797
2.3
1,892
1,151
1,985
1,230
2,074
1,281
4.5
4.2
630
670
700
12,058
12,626
13,011
4.5
3.0
243
585
627
407
443
509
131,248
129,571
1,677
135,797
134,058
1,739
138,175
136,372
1,803
4,189
2,703
9,000
4 313
2,791
9,278
4 381
2,830
9,580
.9
3.5
2.3
6.9
1.1
4.2
3.1
3.1
4.1
4.1
3.7
2.4
2.1
2.5
3.9
1.6
6.5
4.6
1.8
1.7
3.7
13,104
17,616
12,665
12,470
12,725
17,256
13,718
18,290
13,812
13.053
13,456
17,670
14,087
18,416
14,144
13,135
14,250
17,848
6
7
2
11
9
15
4
14
16
13
5
13,635
21,171
27,919
19,522
30,915
19,993
21,424
17,196
11,682
25,488
23
9
2
15,712
15,674
18,103
16,329
16,304 16,845
16,466 16,870
19,070 19,253
17,168 17,751
5
4
7
22
6
15
13
18
10
12
1
11
8
17
24
3
20
19
14
16
21,818 22 558 23,046
21,856 22,600 23,084
19,224 19,767 20,452
183
189
195
3.2
16,194
9,007
14,461
13,770
16,663
9,161
15,624
14,115
16,831
9,384
16,021
14,282
1.0
2.4
2.5
1.2
26,257 27,043 27,309
20,718 21,027 21,450
21,735 23,539 24.625
19,494 19,848 20,194
163,200
141,738
21,463
170,419
147,814
22,605
174,870
151,254
23,616
2.6
2.3
4.5
17,637 18,297 18,642
18,486 19,168 19,486
13,532 14,107 14,596
124
96
130
101
135
107
4.2
6.2
12.377
10.753
12
1
10
3
13,330
21,098
27,834
19,440
30,376
19,531
21,348
16,569
11,020
25,351
288
See footnotes at end of table.
8
12,522
20,229
26,801
18,064
29,245
18,712
20,289
15,863
10,814
23,904
15,494
1,320
8,869
2,674
36,027
Alcona
Alqer
16
58
62
56
21
277
Norfolk
Plymouth
Suffolk
Worcester
18
15,241
23,056
23,836
21,972
14,925
22,777
18,419
19,462
17,157
20,152
15,216
1 272
8,583
2,627
35,687
1.8
1.0
36
57
46
14,638
22,835
23,625
21,663
14,677
22,636
18,102
18,990
16,581
19,846
266
3.3
3.7
1.8
3.7
3.3
21
28
24
13,907
21,768
22,506
20,654
13,764
21,111
17,828
18,298
15,792
18,960
14,840
1^228
8 364
2,529
34,514
1.6
1.4
23 002
20,075
18,315
23,702
22,695
18,118
18,803
17,914
25,520
31,320
12,754
11,187
23 319
20,513
18,867
24,550
23164
18,779
19.538
18,149
25,878
31,778
13.182
11.433
Area name
1991
20,924 21,915 22,304
21,297 22,299 22,687
16,091 16,941 17,361
22 733
19,240
17,772
23,189
22151
17,591
18,320
17,253
24,639
30,741
Barnstable
Berkshire
Bristol
Pukes
Essex
Franklin
Hampden
Hampshire
Middlesex
Nantucket
Michigan
Metropolitan portion
Nonmetropolitan portion
2,074
2.7
Washington
Wicomico
Worcester
Baltimore City
Massachusetts
Metropolitan portion
Nonmetropolitan portion
2,012
4.2
1.1
3.3
2.4
2,361
Allegany
Anne Arundel
Baltimore
Calvert
Caroline
Carroll
Cecil
Chailes
Dorchester
Frederick
Garrett
Harford
Howard
Kent
Montgomery
Prince Georges
Queen Annes
St. Marys
Somerset
Talbot
1,893
2,176
Piscataquis
Sagadahoc
Somerset
Waldo
Washington
York
Maryland
Metropolitan portion
Nonmetropolitan portion
798
435
873
5.5
Per capita personal income 3
"otal personal income
Rank in
State
6
9
12
5
7
13
11
14
3
1
2
8
4
10
Millions of dollars
1989
1990-91
1991
1990
Allegan
Alpena
Antrim
Arenac
Baraga
Barry
1377
422
1,476
446
1,522
3.1
95
771
262
199
101
818
465
270
208
107
854
4.3
244
Bay
1 733
1,818
1,877
Benzie
Berrien
Branch
Calhoun
Cass
Charlevoix
Cheboygan
Chippewa
Clare
Clinton
Crawford
Delta
Dickinson
Eaton
Emmet
Genesee
Gladwin
Gogebic
Grand Traverse
Gratiot
Hillsdale
Houghton
Huron
Ingham
Ionia
losco
Iron
Isabella
Jackson
Kalamazoo
Kalkaska
Kent
Keweenaw
Lake
Lapeer
Leelanau
Lenawee
Livngston
Luce
Mackmac
Macomb
Manistee
Marquette
Mason
Mecosta
Menominee
Midland
Missaukee
Monroe
Montcalm
Montmorency
Muskegon
Newaygo
Oakland
Oceana
Ogemaw
Ontonagon
Osceola
Oscoda
Otsego
Ottawa
Presque Isle
Roscommon
Saginaw
St Clair
St Joseph
Sanilac
Schoolcraft
Shiawassee
Tuscola
Var Buren
Washtenaw
Wayne
Wexford
Minnesota
Metropolitan portion
Nonmetropolitan portion
69
77
Percent
change 2
Aitkm
Anoka
Becker
190
154
165
173
2,500
2,595
2,676
541
561
590
2,062
2,133
2,240
776
802
356
292
407
325
970
137
751
306
265
349
285
885
117
508
338
280
384
306
938
128
542
484
568
478
1,637
1,705
3.0
4.4
6.1
4.3
3.2
5.1
11,910
15,637
16,707
12,338
12,499
13.315
13,579
15,175
17,691
10,031
13,601
16.445
17,947
13,171
13,540
14,644
14,917
16,039
19,023
11,161
62
27
13
70
63
47
17,816 18,555 18,989
12,547 13,318 13,987
10,107 10,651 11,200
16,790 17,078 17,057
16,768 17,564 18,122
15.973 16,152 16,427
20,448 20,970 20,979
17,060 18,190 19,717
12,741 13,747 14,432
20,082 20,672 20,877
534
600
559
635
579
650
425
547
457
558
485
578
4,692
4,894
5,079
695
376
176
739
730
397
758
418
192
828
2,257
3,929
2,418
4,266
133
2,339
4,085
144
156
6.2
3.6
3.8
3.8
5.1
2.1
5.0
3.4
4.4
8.2
8,826
9,326
9,638
3.3
22
86
23
24
92
1,284
99
1,309
5.5
7.7
2.0
4.2
2.2
2.2
292
304
1,482
2,443
105
1,515
2,498
114
135
147
155
14,311
14,870
15,079
15,527
13,115
15,213
15,273
14,451
12,492
10,267
11,538
15,448
9,802
42
14
12
9
18
71
56
17
1,158
273
25
36
49
65
68
22
23
58
14,909
17,776
18,058
18,949
17,459
13,130
14,155
17,586
14,716
14,772
4.8
-1.3
234
1,098
1,450
2,318
99
15,407 16,231 16,507
13,817 14,553 15,107
13,646 14,323 14.503
12,841 13,303 13,471
11,905 12,705 13,368
15,592 16,268 16,896
15,505 16,269 16,790
12,777 13,432 13,972
13,459 14,331
16,677 18,034
16,669 17,569
17,414 18,467
16,168 16.743
12,077 12,740
12,073 12,991
16,124 16,966
13,726 14,321
13,908 14,571
5.9
6.4
3.4
6.3
486
1,238
8.4
5.3
1.4
286
304
325
6.9
924
342
424
1,047
382
8.7
5.4
5.1
4.1
1,432
135
2,198
964
362
442
343
1,500
138
2,284
690
96
700
99
2,228
489
27,956
313
197
119
537
29,390
326
219
129
245
90
278
6.8
4.4
5.8
7.9
245
3,244
205
124
232
83
267
3,462
3,585
3.6
175
246
183
259
189
3.1
275
3,394
2,420
3,522
2,546
3,644
2,611
853
586
102
872
602
103
900
612
110
1,082
1,111
1,135
759
914
786
967
1,023
6.3
3.5
2.5
3.2
1.6
7.1
2.1
2.2
5.8
12,770
12,677
15,993
16,788
14,554
14,732
12,269
15.594
13,744
13,173
6,163
35,712
6,540
36,737
6,641
37,365
336
351
368
77,370
57,867
19,502
82,042
61,451
20,591
328
227
78
149
4,085
350
465
357
1991
4.1
4.8
4.5
5.6
9.2
5.5
3.5
2.5
3.4
5.4
4.3
7,532
788
1991
24
55
29
30
464
188
1990
16,576
14,162
16,305
16,286
16,284
13,696
11,676
12,558
16,502
10,822
7,209
296
256
1989
16,061
13,478
15,664
15,639
15,659
13,049
11,027
12,197
16,136
10,382
3.1
5.2
5.0
446
1,535
431
6,963
261
219
1,017
280
Rank in
State
Dollars
1,544
142
2,321
2.9
725
105
3.6
5.5
2,416
3.4
565
5.2
29,781
341
1.3
4.3
3.1
1.6
13,442
13.020
13,399
11,408
13,149
19,115
11,311
16,562
13,185
10,935
12,915
15,957
17,329
12,744
13,124
14,267
14,407
15,575
18,239
10,574
14,288 15,104
13,592 14.658
14,184 14,692
11,833 12.195
13,762 14,455
19,748 .20,155
11,268 11,422
17,052 17,266
13,122 13,385
11,042 11,545
31
60
75
72
26
83
44
43
41
33
7
82
8
57
81
21
11
28
3
6
51
4
37
46
45
73
50
5
78
19
67
76
38
53
14,091 14,661 15,073
12,948 13,998 14,394
26,067 27,016 27,070
14.041 14,493 14,954
10,726 10,907 11,353
13.491 13,964 14,591
11,346 11,459 12,061
10,169 10,551 11,202
13.923 14,743 14,980
17,594 18,315 18,583
79
48
74
80
39
10
13,308 13,636
12,994 13,521
16,616 17,162
17,417 17,608
14,769 15,215
15,055 15,210
12,375 13,403
15.891 16,137
14,135 14,418
13,753 14,383
61
64
20
16
34
35
66
32
52
54
1.5
1.7
4.9
21,958 23,043 23,116
16,822 17,420 17,662
12.829 13.288 13.804
2
15
59
84,789
63,760
21,029
3.3
3.8
2.1
17,835 18,690 19,130
19,460 20,315 20,839
14,294 15,088 15,320
158
167
5.5
4,325
379
4,546
384
5.1
1.4
11,872
17,104
12.555
2,336
803
4.4
1.2,758 13,280
17,623 18.052
13.573 13.587
1
40
78
9
72
May 1993
SURVEY OF CURRENT BUSINESS
Table 2.—Total Personal Income and Per Capita Personal Income by County, 1989-91—Continued
Per capita personal income 3
Total personal income
Area name
Percent
change 2
Millions of dollars
1989
1990
1991
1990-91
Rank in
State
Dollars
1989
1990
1991
12,950
14,034
15,019
14,947
16 320
14,235
20,568
13 436
14,273
15,575
15,173
16,720
14,882
20,728
410
409
447
426
475
443
6.2
4.0
90
773
94
808
97
826
2.9
2.3
428
391
911
440
417
995
451
439
1,041
25
5.3
4.7
12,033
13,765
14,028
14,275
15 841
13,361
19,508
Cass
Chippewa
Chisago
Clay
Clearwater
Cook
Cottonwood
Crow Wing
Dakota
Dodge
252
190
464
677
92
60
205
620
266
208
497
735
65
203
663
279
209
518
749
101
69
201
702
5,439
5,796
6,087
231
241
251
4.8
6
4.2
1.9
4.5
5.2
-6
5.8
5.0
4.0
11,633
14,231
15,443
13,506
11,025
15,390
16,016
14,10^
20,384
14,805
12,189
15 739
16,184
14,540
11,578
16,890
16011
14,958
20,826
15,268
12,558
15 776
16,487
14,731
12,248
17,248
16,153
15,416
21,294
15,678
82
43
25
64
84
17
32
49
3
45
383
267
295
502
647
92
407
264
307
497
687
99
423
257
317
502
712
101
39
23,208
24,762
25,498
273
176
364
289
187
380
294
197
397
13 405
15,580
14,183
15,127
16,024
14,509
22,692
14,798
11,845
14,185
14171
15,658
14,799
15,053
16,833
15,950
23,899
15 630
12,474
14,597
14,523
15,401
15 366
15,323
17,320
16,201
24,544
15,835
12,879
14,954
65
50
51
53
16
31
1
40
81
61
515
186
158
575
103
201
543
185
168
620
115
232
575
179
174
639
92
228
70
52
74
30
35
66
137
116
144
133
142
140
-20.4
-1.5
-1.2
5.5
49
360
55
382
57
388
4.7
1.7
12,557 13,309 13,947
15,742 15,946 15,339
12,398 13,107 13,507
14,935 15,960 16,260
17,759 20,069 16,064
12,257 14,222 14,299
15,124 16,225 16,279
11,008 12,815 13,485
12,162 13,403 13,485
15,502 16,412 16,558
100
385
499
54
151
103
405
518
62
173
108
430
538
57
147
388
285
267
364
577
399
309
283
383
620
387
317
292
389
650
5.0
6.3
3.9
-7.9
-15.1
-3.1
161
395
340
119
155
410
344
143
161
422
355
129
2,037
2,213
2,330
5.3
699
189
231
160
477
749
213
242
163
529
770
213
252
173
520
2.8
.1
4.4
-1.6
133
140
9,381
9,781
141
10,095
.2
3.2
59
265
297
64
268
300
62
272
313
-3.1
731
162
788
162
813
162
224
249
240
3.2
.1
-3.8
2,872
1,043
3,030
1,127
3,177
1,186
4.8
5.2
543
220
1,663
502
161
149
584
222
1,759
528
169
623
221
1,815
541
173
155
288
91
298
158
152
290
89
300
159
6.6
-.6
3.2
2.4
2.5
-2.3
Douglas
Faribault
Fillmore
Freeborn
Goodhue
Grant
Hennepin
Houston
Hubbard
Isanti
Itasca
Jackson
Kanabec
Kandiyohi
Kittson
Koochichmg
Lac Qui Parle
Lake
Lake of the Woods
Le Sueur
Lincoln
Lyon
McLeod
Mahnomen
Marshall
Martin
Meeker
Mille Lacs
Morrison
Mower
Murray
Nicollet
Nobles
Norman
Olmsted
Otter Tail
Pennington
Pine
Pipestone
Polk
Pope
Ramsey
Red Lake
Redwood
Renville
Rice
Rock
Roseau
St. Louis
Scott
Sherbume
Sibley
Stearns
Steele
Stevens
Swift
Todd
Traverse
Wabasha
Wadena
. . ..
Waseca
Washington
Watonwan
Wilkin
Winona
Wright
Yellow Medicine
See footnotes at end of table.
270
86
281
150
96
-2.6
32
1.0
3.7
1.8
3.0
1.4
5.2
4.5
5.8
-3.5
3.5
3.0
2.6
3.4
1.6
4.9
4.3
2.9
3.2
-9.7
6.1
1.7
4.2
.6
-2.0
1.0
.9
-.1
278
288
288
2,938
3,045
3,212
5.5
181
111
698
186
117
752
175
119
764
-6.1
1,082
1,177
184
1,231
177
188
1.8
1.7
4.6
2.2
14,277
15,547
15,724
10,656
13,531
16,798
13,706
14,325
12,344
15,381
77
68
46
55
19
62
6
29
75
76
23
15,026
16,323
16,111
12,348
15,825
17,477
14,777
15,122
12,903
16,602
15,926
17,372
16,673
11,353
13,549
16,870
15,043
15,287
13,111
17,347
39
14
20
87
73
16,520 16,064
14,141 14,587
16,849 17,124
14,784 17,983
19,392 20,680
13,789 14,753
14,107 16,012
10,980 11,331
15,173 15,591
14,646 16,286
16,545
14,842
17,708
16,418
21,354
14,994
15,808
11,681
16,578
16,007
24
63
11
26
2
60
41
86
21
36
13,091 13,069
20,086 20,742
14,166 13,828
15,559 15,781
17,042 17,749
15,973 16,286
16,575 16,575
16,468 15,526
15,307 15,986
19,303 19,689
80
5
71
42
10
12,349
19,433
12,936
15,247
16,632
14,974
16,407
15,211
14,417
18,497
13,313 13,794
15,263 15,462
14,138 14,756
16,413 17,164
15,138 15,861
13,672 14,535
11,530 12,357
18,966 20,427
14,288 15,045
11,414 12,007
18
58
54
79
15
28
22
47
37
8
14,224
15,421
15,077
17,498
16,371
14,296
12,428
20,491
15,076
12,223
67
83
7
57
85
15,409 15,926 15,759
20,605 20,698 21,087
15,401 15,931 15,028
14,637 15.616 16,065
14,655 15,684 15,955
16,006 17,022 17,376
14,921 15,775 16.078
44
4
59
34
38
13
33
69
48
56
12
27
Percent
change 2
Millions of dollars
Area name
1991
Beltrami
Benton
Big Stone
Blue Earth
Brown
Carlton
Carver
Per capita personal income 3
Total personal income
1990-91
Rank in
State
Dollars
1989
1990
1991
30,778
10,690
20,088
32,692
11,359
21,333
34,538
11,979
22,559
5.6
5.5
5.7
11,956 12,700 13,318
13,829 14,619 15,195
11,152 11,870 12,499
Adams
Alcorn
Amite
Attala
Benton
Bolivar
Calhoun
Carroll
Chickasaw
Choctaw
434
384
120
186
81
422
159
86
459
410
128
200
82
447
166
93
4.2
5.1
5.5
6.6
4.8
84
86
479
431
135
213
86
499
173
99
222
90
12,123
12,053
9,015
10,028
10,054
9,976
10,600
9,305
11,053
9^235
Claiborne
Clarke
Clay
Coahoma
Copiah
Covington
De Soto
Forrest
Franklin
George
100
176
244
346
269
161
102
181
256
366
283
165
109
191
271
403
297
176
1,089
1,163
855
90
161
895
94
174
935
100
182
84
267
366
89
266
389
96
284
408
2,116
3,853
2,257
4,002
2,367
4,162
186
140
20
214
198
160
21
226
217
167
27
234
1,428
1,514
1,630
3.5
7.7
165
68
171
68
181
73
5.4
6.6
116
741
91
351
292
1,091
127
120
785
94
383
319
1,144
132
126
835
100
406
347
1,205
139
4.9
6.3
6.3
6.1
9.0
5.3
5.7
207
214
967
464
365
832
814
268
348
456
132
268
231
8.0
5.1
5.5
Mississippi
Metropolitan portion
Nonmetropolitan portion
Greene
Grenada
Hancock
Harrison
Hinds
Holmes
Humphreys
Issaquena
Itawamba
Jackson
Jasper
Jefferson
Jefferson Davis
Jones
Kemper
Lafayette
Lamar
Lauderdale
Lawrence
Leake
Lee .
Leflore
19c
1,00^
891
431
211
1,016
489
11.7
4.3
6.3
5.6
4&
6.7
5.5
5.9
10.3
49
6.3
6.8
45
6.0
4.8
8.4
6.8
5.1
4.9
4.0
9.5
4.7
25.2
1989
1990
1991
13,040 13,528
12,934 13,342
9,613 10,079
10,820 11,439
10,181 10,843
10,707 12,030
11,120 11,654
10,046 10,544
11,629 12.311
9^426 9^904
1991
16
18
74
55
62
43
51
71
38
75
77
61
28
26
64
67
9,012
8,760
10,155 10,449
11,546 12,115
10,755 11,601
9,791 10,248
9773
9,986
15,065 15,920
12*528 13,090
10,643 11^264
9,682 10,400
9,518
11,040
12,674
12,779
10,758
10.653
16,332
13,549
12J21
10,708
8,196
12,432
11,693
12,788
15,091
8,549
11,349
10,181
10,653
12,325
8,689
12,299
12,168
13,645
15,738
9,170
13,207
11.281
11,309
13,152
9,356
12.997
12.610
14,194
16.257
10,106
14.023
14,084
11,709
13,918
78
21
30
9
2
73
9,649
7,814
8,233
11,923
8,765
11,070
9,741
14,399
10,133
11,226
10,016
7,915
8,536
12,656
9,039
12,001
10,418
15,155
10,598
11,613
10,631
8,655
9,076
13,459
9,610
12,596
11,279
15,885
11,230
12,527
68
82
13,722 14,687 15,124
11,357 12,485 13,021
11,180 12,046 12,650
13,030 14,031 14,164
13,925 15,020 15,627
9,869 10,522 11,062
10,510 11,464 11,827
11,789 12,471 12,881
9,921 10,703 11,341
10,071 10,812 11,492
1
15
41
65
12
11
50
14
80
17
76
31
57
3
58
33
7
20
29
10
5
60
46
23
56
53
385
5.7
848
868
280
368
473
139
289
1.9
6.6
4.3
5.8
3.6
4.9
7.5
254
106
434
331
265
113
454
4.3
6.3
4.6
6.3
450
118
5.9
3.9
391
265
248
101
425
113
411
281
271
102
431
296
285
107
5.1
5.1
5.0
4.5
Rankin
Scott
Sharkey
Simpson
Smith
Stone
Sunflower
Tallahatchie
Tate
Tippah
1,190
1,295
1,381
305
66
321
75
348
84
256
170
111
343
139
271
221
275
172
120
370
152
289
235
297
185
130
404
163
302
243
11.7
7.8
7.5
7.7
9.2
7.2
4.6
3.0
Tishommgo
Tunica
Union
Walthall
Warren
Washington
Wayne
Webster
Wilkinson
Winston
186
79
245
121
692
759
193
113
88
211
211
85
260
125
715
800
208
120
95
225
230
85
272
133
753
858
219
126
100
232
9.2
.5
4.5
6.2
5.5
7.1
5.6
5.1
6.2
2.8
10,519
9,502
11,097
8,453
14.312
11,114
9,898
11,031
9,036
10,809
11,914
10,441
11,756
8,683
14,963
11,799
10,638
11,757
9,787
11.595
12,837
10,575
12,154
9,237
15,753
12,720
11,167
12,314
10.593
11.796
25
70
40
79
4
27
59
37
69
48
Yalobusha
Yazoo
139
285
145
318
149
331
2.7
4.0
11,403
11.086
12,105
12,511
12.376
12.965
35
22
Lincoln
339
Lowndes
Madison
Marion
Marshall
Monroe
Montgomery
Neshoba
774
733
254
319
431
Newton
Noxubee
Oktibbeha
Panola
Pearl River
Perry
Pike
Pontotoc
Prentiss
Quitman
243
99
408
124
249
305
398
107
352
6.7
8.5
11,985
7,818
10,658
10,246
10,346
9,898
10,568
11,964
10,626
9,487
12,520
8,460
11,291
10,996
10,955
10,423
11,140
12,632
11,652
9,761
12,872
9,055
11,822
11,505
11,490
10,700
11,717
13,123
12,094
10,263
13,876 14,765 15,454
12,609 13,294 14,441
9,221 10,692 11.946
10,696 11,496 12,371
11,391 11,657 12,543
10,441 11,164 11,852
10,326 11,295 12,244
9,084 10,005 10,779
12,717 13,461 13,983
11,398 12,023 12.473
24
81
47
52
54
66
49
19
42
72
6
8
44
36
32
45
39
63
13
34
j8 • May
SURVEY OF CURRENT BUSINESS
Table 2.—Total Personal Income and Per Capita Personal Income by County, 1989-91—Continued
Per capita personal income3
Total personal income
Missouri
Metropolitan portion
Nonmetropolitan portion
Adair
Andrew
Atchison
Audram
Barry
Barton
Bates
Benton
Bollinger
Boone
Buchanan
Butler
Caldwell
Callaway
Camden
Cape Girardeau
Carroll
Carter
Pace
oass
Cedar
Onariton
Ohristian
Clark
Clay
Clinton
Cole
Cooper
Crawford
Dade
Dallas
Percent
change 2
Mi ons of dollars
Area name
Rank in
State
Dollars
1989
1990
1991
84,546
63,894
20,652
88,936
67,233
21,703
92,733
69,822
22,911
4.3
3.9
5.6
16,591 17,347 17,980
18,400 19,216 19,836
12,721 13,332 13,992
306
200
96
332
353
159
215
146
110
325
214
117
340
379
156
214
155
114
341
223
123
355
407
162
222
167
121
1,798
1,922
2,046
5.1
4.3
5.3
4.6
7.2
3.9
3.5
7.2
5.5
6.5
12,437
13,687
12,797
13,979
12,987
14,108
14,291
10,664
10,388
16,114
1,272
450
110
465
377
959
146
en
OU
1 f\9A.
I ,U^4
139
1,326
489
112
487
404
1,000
146
1,389
537
114
511
422
1,043
151
4.8
9.7
2.1
5.0
4.4
4.3
3.2
CO
CO
Do
•1
ion
1, IOU
<n
IU.0O
c n
D.U
DO
1I,U//
077
2,728
2,815
2,934
253
263
13,214
14,623
15,691
14,412
13,700
13,751
14,256
11,166
10,737
17,055
1991
13,944
15,109
16,508
14,998
14,540
14,149
14,606
11,793
11,304
17,782
64
37
15
40
44
59
43
102
106
7
13
73
71
31
39
14
55
9,045
10,000
11,490
1fi
7C.'}
ID,/OO
9,569
113
12,031
10,224
17 134
12,661
13 550
13982
10>67
17,982
14,755
15^281
13^020
13,328
12,303
11,215
13 630
14208
11^230
18,270
15J83
16/123
13^353
13,721
12,298
11,763
14 528
14 670
11',799
18,770
15! 602
16^974
14^207
14,174
12,606
12,264
87
46
42
101
6
25
10
56
58
88
96
4.7
3.2
84
57
5.3
11,632
10,085
12,853
9,432
10,823
15,830
14,906
12 574
15 742
12,867
12,073
10,224
13,582
9,567
11,470
16,452
15,581
13 221
16 698
13,192
12,279
10,689
14,298
10,060
12,931
16,956
16.127
14,346
17 449
13,796
95
110
52
114
83
11
21
51
8
67
12,856
13,083
10,025
12,430
12,499
11,641
10,690
17,824
14,126
15,280
13,379
13,522
10,554
13 260
13 077
12,220
11,349
18,329
14,825
15,764
14.196
13,856
10.931
14,437
14 084
12,958
12,117
19,019
15,588
16,194
57
65
109
48
62
82
98
5
26
20
c0
84
5^3
4.2
4.1
5.4
7^4
5.9
2.7
7.1
Q
y
1,045
1,102
198
264
92
149
213
279
94
160
92
99
176
112
360
95
102
186
114
379
98
107
196
119
424
1,267
1,330
1,393
207
87
220
90
227
98
3,242
3,485
3 685
137
139
146
110
262
73
76
121
363
114
113
271
78
80
126
386
122
120
281
84
86
136
416
130
11,262
1 271
2,584
11,620
1 344
2,715
12,067
1,419
2,829
6.4
3.6
7.4
78
79
7.8
6.9
3.8
5.6
4.2
Johnson
Knox
Laclede
Lafayette
Lawrence
Lewis
Lincoln
Linn
Livingston
McDonald
491
57
348
485
388
120
408
181
210
190
511
55
364
498
405
128
433
187
214
198
535
56
378
522
431
135
456
200
222
214
4.7
.7
3.9
5.0
6.3
5.6
5.3
6.5
3.5
7.9
11,692 11,968
12,667 12,401
12,874 13,370
15,681 15,964
12,865 13,388
11,656 12,497
14,440 14,886
12,899 13,518
14,346 14,696
11,349 11,648
12,384
12,509
13,817
16,746
14,123
13,119
15,264
14,353
15,357
12,498
94
90
66
12
60
80
35
50
33
92
Macon
Madison
Manes
Marion
Mercer
Miller
Mississippi
Moniteau
Monroe
Montgomery
216
134
93
377
41
261
167
176
134
160
223
143
101
398
40
285
171
188
135
166
237
152
106
428
43
300
179
197
138
174
62
5.8
5.2
7.4
6.9
5.4
4.6
5.0
1.9
4.4
13 984
12,089
11,625
13,588
10,891
12,560
11,493
14,224
14,614
14,102
14 567
12,864
12,605
14,396
10,765
13,763
11,868
15,308
14,844
14,647
15 587
13,504
12,918
15,487
11,430
14,393
12,501
15,967
15,379
15,387
27
75
84
29
105
49
91
23
32
30
Morgan
New Madrid
Newton
Nodaway
Oregon
Osage
Ozark
Pemiscot
Perry
Pettis
188
233
561
268
90
174
96
236
236
530
198
253
595
284
97
190
103
260
249
554
208
263
635
298
105
198
109
276
263
577
5.5
3.8
6.7
5.2
7.3
3.9
6.2
6.4
5.6
4.2
12,115
11,073
12,702
12,334
9,430
14,447
11,248
10,683
14,164
14,964
12,672
12,124
13,349
13,057
10,307
15,824
11,925
11,875
14,944
15,623
13,373
12,684
14,092
13,968
11,004
16,410
12,562
12,710
15,630
16,240
77
86
61
63
108
16
89
85
24
19
Phelps
Pike
Platte
Polk
Pulaski
465
210
489
219
516
228
1,068
1,111
1,163
273
461
281
491
299
516
5.6
3.8
4.7
67
5.0
13,257
13,085
18,886
12,684
11,044
13,836
13,747
19,043
12,796
11,921
14,499
14,287
19.512
13.361
12.393
47
53
2
78
93
Daviess
De Kalb
Dent
Douglas
Dunklin
Franklin
Gasconade
Gentry
Greene
Grundy
Harrison
Henry
Hickory
Holt
Howard
Howell
Iron
Jackson
Jasper
Jefferson
See footnotes at end of table.
3.0
4.2
5.6
48
11.7
Area name
1991
16,713
13,617
13,638
15,382
15,033
16,701
14,229
55
132
509
89
1990
15,972
12,595
13,346
14,807
14,610
16,192
13,657
O.d
146
125
469
85
1989
15,264
11,652
13,168
14,245
13,937
15,628
13,438
H CO
126
442
82
243
969
194
254
91
141
1990-91
Per capita personal income 3
Total personal income
1989
Putnam
Rails
Randolph
Ray
Reynolds
Percent
change 2
Millions of dollars
62
121
316
324
67
1990
63
126
316
325
73
Rank in
State
Dollars
1989
1990
1991
66
130
326
334
79
5.6
3.2
3.2
2.6
8.8
11,976
14,256
12,909
14,802
10,057
12,348
14,894
12,989
14,777
10,956
13,125
15,333
13,654
15.254
11,816
79
34
70
36
100
8,985
9,469
18,179 18,727
10,915 11,187
14,145 14,673
12,519 12,996
22,712 23,985
14,397 15,038
12,077 12,811
12,057 12,650
13,183 13,688
10,236
19,151
11,895
14,932
13,728
24,521
16.359
13.630
13,517
14,270
112
4
99
41
68
1
17
72
74
54
8,558
14,924
13,158
14,066
12,284
15,410
11,360
14,185
15,884
10,734
9,249
15,569
13.706
14,537
13,460
16.013
11,766
15,048
16,308
11,558
115
28
69
45
111
97
81
107
3
1991
1990-91
110
117
127
3 755
4,031
4194
92
226
604
95
236
639
100
240
681
22,494
23,865
24,442
340
52
353
54
378
57
9.3
4.0
5.5
1.6
6.7
2.4
7.1
57
59
518
61
539
65
560
6.1
3.7
Shannon
Shelby
Stoddard
Stone
Sullivan
Taney
Texas
Vernon
Warren
Washington
63
100
368
246
77
65
103
380
270
77
71
107
395
288
85
8.4
3.5
3.9
6.7
9.7
357
233
263
301
203
396
244
270
313
220
424
256
289
329
236
7.2
4.9
7.0
5.4
7.4
8,219
14,280
12,761
13,081
11,957
14,158
10,858
13,781
15,732
10,094
Wayne
Webster
Worth
Wright
St Louis City
107
267
29
177
115
281
31
184
127
293
32
190
9,376
11,385
11,685
10,628
17,143
9.961
11,793
12,600
10,961
18,250
10,606
12,228
13,037
11,232
19,295
15,680
17,404
15,134
Ripley
St Charles
St. Clair
Ste. Genevieve
St. Francois
St. Louis
Saline
Schuyler
Scotland
Scott
1991
76
22
103
38
18
104
6,896
7,210
7,567
9.8
4.2
5.0
3.2
5.0
11,318
3 005
8^313
11,720
3,135
8,585
12,686
3,386
9,300
8.2
8.0
8.3
14,154
15,686
13,672
14,663
16,410
14,115
108
135
87
38
113
24
114
143
82
40
115
21
123
144
72
43
124
23
8.6
.4
1,212
1,256
1,343
7.0
98
168
33
95
174
34
109
186
44
14.9
12,882
11,842
12,894
11,579
14,003
15,749
15.567
17,868
14,233
14,504
13,481 14,561
12,657 12,522
12,231 10,534
12,155 12.789
14,216 15.519
14,118 16,431
16,170 17,104
17,390 20,035
14,888 15,987
15,107 20,440
38
52
56
48
29
17
9
4
23
3
Dawson
Deer Lodge
Fallon
Fergus
Flathead
Gallatin
Garfield
Glacier
Golden Valley
Granite
129
117
48
167
850
678
26
146
14
35
127
123
46
169
901
722
26
134
13
36
141
129
51
171
968
792
23
158
15
39
13,109
11,184
15,145
13,726
14,483
13,598
16,422
12,114
14,696
13,722
13,522
11,990
15,053
14,047
15,169
14,246
16,579
11,029
14,463
14,124
15,069
12,703
16,490
13,762
15.910
15.256
15,744
13,137
16,427
15,505
33
49
16
42
24
32
26
46
18
30
Hill
Jefferson
Judith Basin
Lake
Lewis and Clark
Liberty
Lincoln
McCone
Madison
Meagher
233
120
34
246
724
43
206
34
70
22
243
122
32
260
752
45
214
29
71
24
273
131
33
279
809
52
222
29
77
27
13,147
15,173
14,657
11,780
15,359
18,485
11,781
14,886
11,838
11,896
13,748 15,477
15,356 16,223
14,127 14,612
12,298 12,875
15,788 16,761
19,539 22,753
12,261 12,675
12,746 13,327
11,840 12,636
13,013 14,635
31
19
37
47
13
1
50
44
51
36
38
39
41
1,116
1,181
1,272
54
7
73
93
30
82
21
294
55
7
71
93
29
84
20
317
61
9
71
106
32
93
24
345
11,159
14,246
12,868
12,388
14,162
14,479
14,032
12,375
15,001
11,839
11,834
14,983
13,493
13,376
13,843
14,467
14,180
12,694
14,786
12,645
12,367
15,793
14,778
17,043
13,680
16,923
15.553
14,116
17,592
13,161
53
25
35
10
43
11
28
40
8
45
Richland
Roosevelt
Rosebud
Sanders
Sheridan
Silver Bow
Stillwater
Sweet Grass
Teton
Toole
153
120
135
90
71
497
98
48
93
89
152
118
136
93
69
515
103
48
94
92
166
133
155
98
82
550
108
52
104
104
10.8
13.1
13,918
10,867
12,819
10,386
14,730
14,558
15,213
15,140
14.700
17,314
14,334 15,674
10,727 12,332
12,912 14,940
10,698 11,374
14,601 17.963
15,198 16.143
15,687 16.111
15.168 16.504
15.050 16.912
18.267 20.879
27
54
34
55
6
20
21
15
12
2
Treasure
Valley
Wheatland
14
122
33
15
113
33
17
136
37
10.3
19 8
11.7
15,912 17.665
14 450 13.850
14.659 14,668
Montana
MetroDolitan oortion
Nonmetropolitan portion
Beaverhead
Big Horn
Blaine
Broadwater
Carbon
Carter
Cascade
Chouteau
Custer
Daniels
Mineral
Missoula
Musselshell
Petroleum
Phillips
Pondera
Powder River
Powell
Prairie
Ravalli
-12.6
6.7
8.0
11.3
7.3
27.8
10.6
5.2
10.9
.8
7.4
9.7
-11.1
17.7
12.3
9.5
12.5
7.4
3.8
7.6
7.5
15.1
3.4
.1
8.7
13.8
5.1
7.6
11.1
27.4
-1.0
14.0
8.2
11.3
17.2
8.8
9.2
13.1
14.7
5.5
19.6
6.9
4.9
9.0
18.989
16.507
16.097
5
14
22
May 1993 •
SURVEY OF CURRENT BUSINESS
Table 2.—Total Personal Income and Per Capita Personal Income by County, 1989-91—Continued
Per capita personal income3
Total personal income
Percent
change 2
M lions of dollars
Area name
1989
Wibaux
Yellowstone
Park (incl. Ylwstn. Natl. Park)
1990
1991
1990-91
Rank in
State
Dollars
1989
1990
1991
17
1 879
17
2 043
-.1
87
175
183
199
9.2
15,248 14,089 14,360
15 768 16 574 17,608
11 !997 12',482 13,884
25,262
13,447
11,815
27,302
14,587
12,716
28,329
15,270
13,058
3.8
4.7
2.7
16,041 17,276
17,210 18,470
14,889 16,083
Adams
Antelope
Arthur
Banner
Blame
Boone
Box Butte
Boyd
Brown
Buffalo
471
105
8
15
11
101
229
40
58
502
3.1
.8
8
518
117
8
15
12
111
237
45
63
13
12
111
238
44
64
-2.6
-15.2
-2.6
.4
.2
-2.3
2.6
542
566
4.4
16,961 17,379
14,533 14,758
18,237 18,689
17,626 15,717
18,532 17,478
16,636 16,725
18,115 18,187
15,870 15,931
17,254 17,540
14,450 14,891
30
80
18
66
29
38
21
60
28
509
15,844
13,101
18,024
16,737
16,026
15,016
17,310
13,916
15,680
13,666
Burt
Butler
Cass
Cedar
Chase
Cherry
Cheyenne
Clay
Colfax
Cuming
116
131
312
123
70
91
156
121
130
119
145
342
137
77
102
170
132
141
124
146
358
138
76
96
179
134
150
4.1
.8
4.6
1.0
-1.2
-6.4
186
199
6.9
15,207
16,828
16,012
13,510
17,550
16,283
17.949
18,606
15,498
18,466
15,908
16,901
16,515
13,683
17,374
15,211
19,045
18.878
16,248
19,831
62
36
44
88
31
72
14
15
51
172
14,653
15,199
14,700
12,005
15,938
14,349
16,401
16,927
14,122
16,838
Custer
Dakota
Dawes
Dawson
Deuel
Dixon
Dodge
Douglas
Dundy
Fillmore
185
204
267
129
370
43
97
555
-1.0
7,598
8 270
8,622
53
139
57
144
56
146
-1.6
14,936 16,843 16,598
14,327 15,237 15,769
13355 14050 14,646
15,473 16,790 17,834
16,941 18,911 19,130
13,651 15,118 15,575
14,690 15,391 16,065
18,340 19,816 20,388
20,313 21,984 22,023
19,436 20,329 20,598
41
64
84
310
38
85
507
206
255
127
334
42
93
531
-1.2
-8.3
240
121
116
5.2
1.1
6.4
4.7
21
10.7
.7
4.7
4.4
42
1.3
Franklin
Frontier
Furnas
Gage
Garden
Garfield
Gosper
Grant
Greeley
Hall
57
42
88
348
48
27
33
61
46
96
381
50
30
37
60
42
97
389
49
30
36
12
44
722
12
46
771
11
46
818
Hamilton
Harlan
Hayes
Hitchcock
Holt
Hooker
Howard
Jefferson
Johnson
Kearney
137
52
25
51
177
14
77
135
62
108
141
62
27
57
187
15
80
146
70
117
141
61
26
53
184
14
83
147
69
123
-.1
-1.5
-4.7
-7.3
-1.3
-1.3
3.1
.6
-9
Keith
Keya Paha
126
16
132
20
76
136
3 794
135
19
1.9
-7.4
44
-17
70
Kimball
Knox
.
,
Lincoln
Loqan
/o
122
3 503
McPherson
Madison
17
119
77
209
45
74
173
115
Phelps
Pierce
Platte
Polk
Red Willow
Richardson
Rock
Saline
Sarpy
Saunders
Scotts Bluff
Seward
Shpririan
Sherman
'con
16
10
9
465
111
92
61
Mernck
Mornll
Nance
Nemaha
Nurkolte
1 >iuv^r\uno
Otoe
Pawnee
V/l 1 Cl IVJQI 1
4Qfi
•
•
See footnotes at end of table.
/y
134
3 992
540
.2
-1.6
-8.1
-1.7
6.1
5.3
52
o 7
•j.i
10
-2.7
-6.5
-6.7
501
525
4.8
116
99
69
133
87
120
104
70
2.8
5.1
1.5
6.2
•)•)
224
52
77
194
120
142
86
228
50
75
207
122
486
86
168
135
31
99
498
99
186
151
33
187
154
31
189
200
204
1,530
1,645
1,741
262
533
268
276
608
250
102
49
-1.1
17
10
10
456
225
•
OcXJ
7Q
.5
2.0
571
244
109
51
108
49
-1 2
1^8
-3.5
-1 8
7^0
2.0
2.6
4
'.6
2.1
-4 5
13
5.8
29
6.5
2.5
-8
•32
Area name
1991
19
1 793
Nebraska
Metropolitan portion
Nonmetropolitan portion
39
7
41
17,780
19,071
16,477
76
Sioux
Stanton
Thayer
Thomas
Thurston
Valley
Washington
Wayne
Webster
Wheeler
York
Nevada
Metropolitan portion
Nonmetropolitan portion
25
13
68
57
8
3
7
15,502
14,912
17,358
16,730
20,210
13,865
19,262
16,266
15,489
15,741
15,256
13,575
17,016
17,121
20,730
13,581
18,156
14,875
15,130
16,583
71
90
35
34
6
89
22
15 474
13,655
20,368
13,470
13,942
17,625
12,623
15,294
13119
16,363
15,883
16,249
22,188
15,285
14,863
18,351
13,256
16,706
14 935
17,656
15,719
16,201
21,654
14,346
14,663
18,718
13,380
16,885
14,662
18,844
65
53
4
86
82
17
91
37
83
16
14,635 15,437 16,039
15,113 19,751 18,484
17 419 18 532 19 207
K340 U',278
12^2
16 567 17 gg2 18 429
58
19
77
73
42
•| •]
Percent
change 2
Millions of dollars
1990
1989
26
88
106
13
73
77
263
117
1991
27
100
114
14
78
83
279
132
7r
1990-91
25
102
-6.3
1 8
115
i"o
14
81
80
-.2
3.7
-3.5
290
139
3.8
4.9
Rank in
State
Dollars
1989
16,277
14 160
15^892
15,186
10,501
14,689
15,989
12,479
1990
1991
17,553 16,550
16 068 16 336
43
49
17J72 17^282
15,924 16,357
11,200 11,509
16,042 15,816
16,776 17,373
14,114 14,619
33
48
93
63
32
85
23
23
231
26
254
69
26
261
-1.0
-.9
2.8
14,725 16,393 16,386
24,078 27 611 27 915
16,045 17,571 18,065
21,394
18,176
3,219
24,087
20,567
3,520
25,418
21,708
3,710
5.5
5.5
5.4
18,810 19,680
18,957 19,914
18,024 18,417
19,812
19,978
18,890
15,554
18,173
23,232
14,657
21,059
25,122
17,684
17,389
15,582
16,898
15,882
19,220
25,133
14,887
28,864
31,187
17,815
16,680
16,874
17,288
64
1991
47
1
266
278
296
6.5
12,692
611
455
27
37
216
14,562
710
491
31
48
226
15,479
750
529
36
52
244
6.3
5.5
7.7
18.4
7.8
7.8
102
57
322
104
61
347
107
64
371
3.0
4.4
6.8
97
259
68
40
100
289
72
43
103
303
71
45
5,225
5,716
5,927
138
784
149
858
148
894
4.2
15,358 15,375 16,737
15,294 16,022 16,309
16,628 16,292 16,125
16,531 16,860 17,150
21,461 22,122 22,561
15,502 15,842 16,378
20,137 20,959 21,350
22,557
14,452
8,105
23,396
14,960
8,435
24,091
15,313
8,779
3.0
2.4
4.1
20,422 21,051 21,812
21,182 21,751 22,485
19,195 19,914 20,730
1 013
1,023
1,042
763
798
825
1,278
570
1,413
7,411
2,384
5,292
1,749
683
1,331
588
1,483
7,607
2,506
5,552
1,802
707
1,558
7,843
2,606
5,605
1,864
734
1.8
3.4
4.2
6.7
5.1
3.1
4.0
1.0
3.5
3.8
20,611
21,790
18,232
16,245
18,875
22,143
19,983
21,702
16,859
17,657
183,950
183,950
193,206
193,206
196,692
196,692
1.8
1.8
23,809 24,977 25,369
23,809 24,977 25,369
Atlantic
Bergen
Burlington
Camden
Cape May
Cumberland
Essex
Gloucester
Hudson
Hunterdon
5,397
25,590
8,633
9,588
2,048
2,211
18,209
4,057
9,808
3,033
5,712
26,706
9,089
10,020
2,164
2,340
18,957
4,349
10,318
3,232
5,817
26,924
9,341
10,374
2,204
2,447
19,425
4,504
10,616
3,243
1.8
.8
2.8
3.5
1.9
4.5
2.5
24,277
30,826
21,938
19,102
21,695
16,031
23,165
17,786
17,629
28,497
25,374
32,403
22,965
19,905
22,688
16,937
24,430
18,837
18,683
29,848
25,630
32,557
23,419
20,547
23,022
17,654
25,355
19,299
19,184
29,892
8,079
15,815
14,394
12,709
8,642
9,523
1,124
7,545
3,059
12,564
8,699
16 842
15,058
13,451
9,005
9,829
1,185
8,175
3,197
12,889
8,902
17,030
15,247
13,540
9,164
10,079
1,224
8,286
3,245
13,040
1.5
1.2
24,862
23,662
26,128
30,122
20,213
20,953
17,192
31,785
23,503
25,297
26,661
25,016
27,174
31,923
20,685
21,706
18,153
33,865
24,357
26,139
27,263
25,254
27,326
32,043
20,905
22,238
18,825
33,927
24,496
26,475
1,923
1,987
2,041
2.7
21,086 21,651 22,046
20,060
12,593
7,467
21,462
13,542
7,920
22,782
14,357
8,424
6.1
6.0
6.4
13,339 14,124 14,709
15,139 15,972 16,623
11,110 11,791 12,296
7 894
8,328
8,806
5.7
4.4
5.7
7.9
6.0
16,593
12,255
13,098
9,178
12,839
12 422
11,529
10,792
12.691
11.809
17,263 17,934
12,282 12,767
13,904 14,046
9,014
9,062
13,749 14.348
12.980 13.573
12,769 12,978
11,587 11,831
13,706 14.338
12,287 12.912
6
10
14
22
7
16
5.0
3.7
7.1
8.721
10,567
12,154
9,162
11,241
12,508
30
23
12
Churchill
Clark
Douglas
Elko
Esmeralda
Eureka
Humboldt
Lander
Lincoln
Lyon
9
14,497
13,517
15,626
15,238
19,288
12,742
17,137
15,614
14,562
14,789
Mineral
Nye
Pershing
Storey
Washoe
White Pine
Carson City
New Hampshire
Metropolitan portion
Nonmetropolitan portion
Belknap
Carroll
Cheshire
Coos
Grafton
Hillsborough
Mernmack
Rockmgham
Stratford
Sullivan
New Jersey
Metropolitan portion
15185 16016 16420
87
20
46
18!i80
14,559
16,612
14,290
19',614 19^204
15,984 14,745
18,943 17,670
15,312 16,015
12
81
27
59
13,682
16,816
14,265
14,853
13 141
14^594
13,282
21 777
17>90
14,683
14,497
18,234
16,089
16,709
15 027
15>34
15,689
22 769
19i925
15,307
14,875
19,519
16,302
17,762
14,866
15,930
14,908
23,238
21,054
15,509
78
10
50
Mercer
Middlesex
Monmouth
Morris
Ocean
Passaic
Salem
Somerset
Sussex
Union
26
79
Warren
15,385
15 125
K230
13,523
15010
14^823
15,132
14318
14,725
14,583
16,242
17 462
15^901
15,209
16410
15>56
15,952
14 638
15,867
15,779
16,662
17,972
16^227
15.572
15,626
16J71
16,439
15.090
16.712
16,095
14 959 16 107 16192
12^995 U685 13^302
Per capita personal income 3
Total personal income
1,387
627
2.3
4.6
-1.6
2.9
3.7
-.1
3.6
2.9
.3
2.3
1.1
1.3
.7
1.8
2.5
3.2
1.4
15,287
19,252
25,288
14,267
22,502
30,401
17,329
16,167
16,141
17,095
20,763
22,426
18,971
16,922
19,778
22,593
20,831
22,508
17,249
18,331
21,322
23,084
.19,725
18,080
20,677
23,374
21,698
23,156
18,031
19,096
16
6
3
17
2
1
7
12
10
8
11
14
15
9
4
13
5
5
3
7
9
6
1
4
2
10
8
8
2
12
17
13
21
9
18
19
4
6
10
5
3
16
14
20
1
11
7
15
61
75
2
5
70
40
24
52
69
67
55
45
74
39
56
54
92
New Mexico
Metropolitan portion
Nonmetropolitan portion
Bernalillo
Catron
Chaves
Cibola
Colfax
Curry
De Baca
Dona Ana
Eddy
Grant
Guadalupe
Harding
Hidalgo
31
32
1.8
806
199
824
211
525
26
177
548
29
183
605
30
2.3
6.3
3.2
1,452
1,574
623
664
325
341
1,664
717
361
37
11
38
11
40
11
73
74
80
31
755
205
168
10.5
9,729
11,619
13,430
3
17
8
32
80 • May 1993
SURVEY OF CURRENT BUSINESS
Table 2.—Total Personal Income and Per Capita Personal Income by County, 1989-91—Continued
Per capita personal income3
Total personal income
Area name
Percent
change 2
Millions of dollars
1989
1989
Lea..
Lincoln
Los Alamos
Luna
McKinley
Mora
Otero
701
169
468
181
538
32
583
727
183
500
189
567
34
624
772
193
525
209
608
36
658
6.1
5.5
4.9
10.3
7.3
8.2
5.3
Quay
Rio Arriba
Roosevelt
Sandoval
San Juan
San Miguel
Santa Fe
Sierra
Socorro
Taos
140
294
194
748
980
229
1,534
116
148
224
132
318
204
832
1,092
246
1,763
121
153
245
137
337
210
893
1,173
265
1,884
130
163
262
98
62
497
104
63
544
375,489
354,150
21,339
Albany
Allegany
Bronx
Broome
Cattaraugus
Cayuga
Chautauqua
Chemung
Chenango
Clinton
5,804
595
17,653
3,655
1,085
1,147
2,044
1,442
729
1,102
Columbia
Cortland
Delaware
Dutchess
Erie
Essex
Franklin
Fulton
1,170
658
631
5,412
16,672
540
609
807
994
696
Torrance
Union
Valencia
New York
Metropolitan portion
Nonmetropolitan portion
Genesee
Greene
Hamilton
Herkimer
Jefferson
Kings
Lewis
Livingston
Madison
Monroe
Montgomery
Nassau
12,888
8,606
11,640
12,299
10,678
8,951
15,838
11,823
10,072
9,746
12,161
9,222
12,173
12,941
11,925
9,555
17,682
12,181
10,361
10,574
13,023
9,823
12,143
13,545
12,479
10,152
18,540
12,920
11,121
11,063
13
29
21
11
20
28
2
15
24
25
111
66
586
7.1
4.5
7.7
9,784
14,665
10,835
10,020
15,383
11,484
10,462
15,925
12,569
27
4
19
397,261
374,758
22,503
407,521
384,143
23,378
2.6
2.5
3.9
20,880
21,448
14,505
22,068 22,572
22,679 23,189
15,232 15,702
6,125
633
18,496
3,807
1,164
1,226
2,145
1,511
749
1,190
6,317
657
19,154
3,939
1,208
1,254
2,222
1,569
774
1,229
3.1
3.8
3.6
3.5
3.8
2.3
3.6
3.8
3.3
3.3
19,828
11,767
14,700
17,171
12,817
13,939
14,336
15,151
14,131
12,864
20,926 21.528
12,536 12,816
15,345 15,995
17,952 18,568
13,837 14,200
15,158
15,133 15,628
15,868 16,486
14,448 14,853
13,824 14,109
2.4
3.7
3.3
1.6
3.5
3.3
4.1
3.3
4.5
3.6
18,621 19,468 20,004
13,453 13,847 14,309
13,352 13,884 14,261
20,913 21,848 22,093
17,138 18,197 18,754
14,535 15,231 15,585
13,096 13,881 14,341
14,836 15,564 16,062
16,536 17,188 17,813
15,635 16,430 16,844
13
51
53
9
19
44
50
37
24
29
15,892 16,449 16,882
13,558 14,464 14,790
14,454 14,572 15,264
15,887 16,809 17,415
11,788 12,390 12,898
15,395 16,183 16,715
15,142 16,272 16,412
20,696 21,607 22,264
15,179 15.923 16,369
29,834 31,379 31,596
28
49
46
26
61
31
34
8
35
3
3.8
2.9
2.3
4.2
2.5
3.9
3.3
4.6
2.0
36,000 39,576 40,497
15,768 16,606 17.203
15,465 16,355 16,743
18,208 19,236 19,532
17,433 18,638 19,146
18,982 19,489 19,802
14,934 15,316 15,763
14,074 15,024 15,328
14,741 15.531 16,101
25,503 26,507 26,581
1
27
30
15
18
14
41
45
36
5
2.6
3.6
2.8
2.0
4.7
3.3
3.2
4.0
5.7
3.7
19,639
16,713
22,061
25,138
11,888
18,011
19,392
13,377
12,373
15,333
20,505
17,692
23,147
26,550
12,692
18,832
20,685
14,023
13,027
16,085
21,048
18,165
23,486
26,840
13,131
19,198
21,145
14,290
13,615
16,586
12
22
7
4
60
17
11
52
58
32
14,263
15,185 15,753
23,884 24,189
18411 18,652
15,450 15,962
15,348 15,776
18,778 19.482
17,332 17,738
13.791 14.134
17,288 17.921
33,287 33,511
42
6
20
39
40
16
25
55
23
2
13.537
13.964
59
57
1,228
679
656
5,676
17,608
566
647
843
1,032
737
87
951
1,630
1,258
704
678
5,768
18,233
585
673
871
1,079
764
40,359
53,425
3,488
3,893
8,551
1,655
5,771
621
1,709
891
2,130
58,947
3,665
4,099
9,021
1,774
6,023
643
1,832
941
2,230
60,506
3,805
4,217
9,231
1,849
6,175
668
1,892
984
2,274
Queens
Rensselaer
Richmond
Rockland
St. Lawrence
Saratoga
Schenectady
Schoharie
Schuyler
Seneca
38,325
2,583
8,334
6,679
1,337
3,222
2,902
424
40,037
2,733
8,786
7,050
41,084
2,832
9,032
Steuben
Suffolk
Sullivan
Tioga
Tompkins
Ulster
Warren
Washington
Wayne
Westchester
Wyoming
Yates
See footnotes at end of table.
38,699
333
1,012
1,126
15,430
827
1,420
3,431
3,087
448
243
542
7,191
1,487
3,543
3,185
466
257
562
1,413
30,231
1,202
779
1,361
2,974
984
781
1,464
27,796
1,506
31,592
1,278
810
1,447
3,107
1,572
32,073
1,308
844
1,505
3,252
1,029
1,063
820
1,542
29,129
850
1,619
29,433
542
288
569
307
580
322
1.5
2.3
4.2
4.0
4.7
3.3
3.6
5.0
17,436
14,930
14,527
18,021
16,728
13,242
16,457
1.9
12,792
13,370
13,448
10
62
38
21
54
47
43
33
Percent
change 2
Millions of dollars
Rank in
State
Dollars
1989
1990
1991
101,944
71,402
30,542
108,999
76,450
32,549
113,483
79,388
34,095
4.1
3.8
4.8
15,527 16,383 16,848
16,713 17,596 18,022
13,318 14,101 14,628
Alamance
Alexander
Alleghany
Anson
Ashe
Avery
Beaufort
Bertie
Bladen
Brunswick
1,802
1,882
1,947
390
116
297
261
172
560
231
336
611
409
127
314
271
184
597
253
348
671
418
132
325
284
193
625
265
370
720
3.5
2.2
4.2
3.6
4.9
5.0
4.8
4.6
6.5
7.3
16,808 17,327 17,710
14,272 14,812 14,973
12,159 13,217 13,637
12,583 13,397 13,836
11,736 12,180 12,651
11,626 12,359 12,851
13,210 14,117 14,622
11,280 12,442 12,973
11,669 12,143 12,819
12,242 13,060 13,720
14
42
70
63
89
83
52
80
85
67
Buncombe
Burke
Cabarrus
Caldwell
Camden
Carteret
Caswell
Catawba
Chatham
Cherokee
2,777
1,083
1,548
1,011
3,037
1,145
1,659
1,058
3,187
1,175
1,714
1,089
82
700
226
86
742
243
90
780
251
1,945
2,074
2,123
644
228
678
243
700
250
4.9
2.6
3.3
2.9
4.3
5.1
3.3
2.3
3.2
2.9
15,993
14,352
15,846
14,357
14,006
13,458
10,874
16,572
16,828
11,386
17,327
15,093
16,689
14,934
14,531
14,067
11,743
17,459
17,410
12,031
17,907
15,370
16,892
15.278
14,957
14,580
12.082
17,677
17,694
12,364
11
34
20
37
43
54
94
16
15
91
7.6
3.2
3.2
7.4
4.5
5.5
6.9
3.0
2.8
2.3
12,487
11,288
15,145
11,684
14,021
12,497
13,423
15,035
14,568
17,371
13,801 14,773
12.134 12,360
15,461 15,776
12,457 13,291
14,597 15,125
12,933 13,582
14,181 14,658
14,861 15,328
15,145 15,432
18,309 18.501
48
92
29
77
39
71
51
35
33
9
6.9
6.0
5.8
2.0
6.6
2.4
5.5
5.4
3.1
11,257 12,448 13,290
18,441 19,534 20,383
12,474 13,034 13,870
20,341 20,941 21,213
12.130 12,927 13,561
15.417 16,291 16,528
12,951 14,156 14,905
9,629
9,919
8,919
12,919 13,624 13.994
12,609 13,788 14,952
78
6
62
3
72
24
46
100
59
44
3.5
5.1
19,687 20,637 20,954
11,692 12,690 13,527
11,333 12.198 12,755
13,541 14,128 14,674
16,896 17,616 18,005
11,345 12,217 12,772
10,058 10,608 11.281
13.231 13,358 15,300
16,286 17,294 17,513
12,067 12,852 13,327
4
73
87
50
10
86
97
36
18
76
7.6
5.8
5.4
6.0
2.6
5.7
4.9
4.9
6.2
2.9
14,114 15,021 15,795
12,200 12,589 13,415
15,672 16,965 17,618
14,343 15,443 16,257
14.546 14,974 15.167
12,326 13,218 13,828
13,227 14,015 14,494
11,261 12,287 12,726
13,463 14,276 15,019
20,001 21,272 21,453
28
75
17
25
38
64
56
88
41
2
6.1
4.0
2.3
4.8
4.0
7.8
1.9
4.6
4.5
4.1
11,761 12,204 12,907
12.411 13,089 13,775
18,253 19,181 19,275
15,807 16,784 17,255
16,327 17,690 17,840
12,087 13,471 14,506
10,431
9,879 10,537
18,645 20,162 20,746
12,553 13,244 13,705
12,681 13,501 13,877
81
65
8
19
12
55
99
5
68
61
13,379
11,965
13,898
16,154
19,564
14,614
12,783
10.878
15.167
15.788
13,879
12,886
14,368
16,729
19,802
14,797
12,376
11.686
15.621
16,004
60
82
•57
21
7
47
90
96
31
26
14,260
15,608
13,311
14.680
14.742
16.620
14.006
14.920
49
23
58
45
1991
6.1
2.9
7.4
7.4
7.3
6.9
7.5
6.5
6.8
New York
Niagara
Oneida
Onondaga
Ontario
Orange
Orleans
Oswego
Otsego
Putnam
231
516
1991
9
5
1
26
31
33
18
792
38,570
955
1,044
14,789
1990
12,342 13,120 13,896
13,823 14,997 15,074
26,020 27,539 29,315
10,082 10,406 10.985
8,872
9,337
9,700
7,419
7,875
8,631
11,324 11,984 12,594
90
981
1,708
39,870
350
1,051
1,155
16,027
853
40,840
1,567
36,533
314
Dollars
Per capita personal income 3
"otal personal income
Rank in
State
North Carolina
Metropolitan portion
Nonmetropolitan portion
Chowan
Clay
Cleveland
Columbus
Craven
Cumberland
Currituck
Dare
Davidson
Davie
Duplin
Durham
Edgecombe
Forsyth
Franklin
Gaston
Gates
Graham
Granville
Greene
168
81
187
87
201
90
1,281
1,311
1,353
581
618
663
1,137
3,412
1,194
3,559
1,248
3,755
182
330
196
343
209
353
1,822
1,928
1,982
485
510
522
451
498
532
3,309
3,569
3,785
704
738
781
5,584
5,695
5,369
436
473
504
2,682
2,860
2,929
120
64
490
195
132
69
525
212
139
73
541
234
Guilford
Halifax
Harnett
Haywood
Henderson
Hertford
Hoke
Hyde
Iredell
Jackson
6,777
7,195
7,407
647
760
636
706
831
663
754
875
698
1,158
1,225
1,275
257
228
72
275
243
72
290
261
82
1,498
1,613
1,670
323
346
363
Johnston
Jones
Lee
Lenoir
Lincoln
McDowell
Macon
Madison
Martin
Mecklenburg
1,135
1,226
1,319
115
644
823
720
439
308
191
339
119
704
884
758
472
330
208
358
125
742
937
778
499
347
219
380
10,034
10,956
11,273
169
290
176
306
187
318
1,062
1,200
1,943
1,138
1,292
2,137
1,164
1,354
2,223
Mitchell
Montgomery
Moore
Nash
New Hanover
Northampton
Onslow
Orange
Pamlico
Pasquotank
Pender
Perquimans
Person
Pitt
Polk
Randolph
Richmond
Robeson
Rockingham
Rowan
Rutherford
Sampson
Scotland
Stanly
253
280
302
1,536
1,721
1,490
1,904
1,518
1,992
142
393
151
424
158
442
357
117
399
389
125
420
417
135
442
1,587
1,753
1990-91
10.6
3.0
6.9
5.4
5.2
4.0
5.5
7.5
14.2
1989
270
283
289
1,499
1,565
1,610
7.1
8.1
5.3
5.6
2.0
2.9
536
569
555
-2.4
1,067
1.255
1,655
1,146
1,307
1,752
1,242
1,355
1,798
8.4
3.7
2.6
12,646
11,266
13,263
14,927
18,918
14,258
12,012
10.179
14.627
15,093
773
649
427
729
813
738
450
762
848
791
478
785
4.3
7.1
6.1
3.0
13,639
13,699
12,726
14.161
1,852
1990
1991
1991
May 1993 •
SURVEY OF CURRENT BUSINESS
8l
Table 2.—Total Personal Income and Per Capita Personal Income by County, 1989-91—Continued
Per capita personal income3
Total personal income
Millions of dollars
1989
1990
1991
Percent
change
Dollars
1990-91
1990
Rank in
State
1991
498
910
109
372
4'
1,404
535
949
11
39
47
1,498
551
982
122
412
51
1,539
3.0
3.4
7.1
4.2
7.5
2.8
14,778
9,661
14,599
10,645
16,915
14,331
15,368
10,072
15,465
12,248
17,694
14,618
15,711
10,613
15,999
13,425
17,740
53
30
98
27
74
13
Vance
Wake
Warren
Washington
Watauga
Wayne
Wilkes
Wilson
Yadkin
Yancey
488
8,146
184
165
42
1.312
846
970
444
185
519
8,959
194
17470
1,393
877
1,052
471
538
9,501
207
185
480
1,459
89
1,111
481
193
3.7
6.0
6.8
6.8
2.1
4.8
2.3
5.6
2.2
2.8
12,592
19,713
10,709
11,749
11,503
12,624
14,267
14,756
14,652
12,005
13,313
20,977
11,198
12,403
12,670
13,270
14,744
15,890
15,395
12,146
13,705
21,565
11,917
13,115
12,830
13,756
15,051
16,709
15,499
12,287
69
1
95
79
84
66
40
22
32
93
8,876
3,740
5,136
9,650
4,027
5,622
9,934
4,234
5,700
2.9
5.1
13,732 15,158 15,646
14,512 15,648 16,300
13,215 14,826 15,193
43
164
75
20
117
58
40
942
1,569
89
4;
187
93
20
132
5:
51
1,025
1,709
99
180
88
22
120
61
46
1,079
1,792
99
-3.8
-5.1
6.7
-9.2
7.3
-9.8
5.3
13,186
12,898
10,167
17,431
14,291
15,628
12,972
15,619
15,301
14,208
North Dakota
Metropolitan portion
Nonmetropolitan portion
Adams
Barnes
Benson
Billings
Bottineau
Bowman
Burke
Burleigh
Cass
Cavalier
14,908
14,984
12,997
18,546
16,545
15,938
17,206
17,051
16,592
16,490
15,206
14,461
12,684
19,099
15,329
17,515
16,402
17,623
17,144
16,893
29
39
48
1
27
6
16
4
Percent
change2
Millions of dollars
1991
Stokes
Surry
Swain
Transylvania
Tyrrell
Union
Per capita personal income3
Total personal income
1989
1990
1991
Clermont
Clinton
Columbiana
Coshocton
Crawford
Cuyahoga
Darke
Defiance
2,27521
1,299
461
635
27,944
799
570
2,42
560
1,350
47
65'
29,489
826
604
2,546
582
1,399
485
658
30,027
838
61:
Delaware
Erie
Fairfield
Fayette
Franklin
Fulton
Galha
Geauga
Greene
Guernsey
1,201
1,251
1,578
355
17,223
618
375
1,576
2,335
473
1,288
1,286
1,718
379
18,231
64;
394
1,692
2,490
494
1,348
1,320
1,794
384
18,981
655
415
1,718
2,576
519
Hamilton
Hancock
Hardin
Harrison
Henry
Highland
Hocking
Holmes
Huron
Jackson
16,759
1,168
374
170
440
455
298
322
860
324
18,027
1,226
388
175
464
468
312
345
891
343
18,601
1,257
387
180
464
486
325
348
910
362
Jefferson
Knox
Lake
Lawrence
Licking
Logan
Lorain
Lucas
Madison
Mahoning
1,090
640
3,955
676
1,974
581
4,129
7,845
522
4,056
1,157
694
4,187
720
2,095
645
4,356
8,108
551
4,238
1989
1990 1991
5.2
3.9
3.6
1.7
1.1
1.8
1.5
1.9
15,338
14,780
11,951
13,004
13,224
19,706
14,898
14,504
16,042
15,780
12,483
13,468
13,615
20,901
15.39;
15,324
16,499
16,155
12.795
13,631
13,788
21,203
15,603
15,546
4.7
18,302
16,290
15,406
12,897
18,091
16,061
12,163
19,648
17.195
12,077
19,110
16,745
16,543
13,783
18,890
16,789
12,692
20,762
18,159
12,661
19,400
17,141
16,883
13,777
19,417
16.798
13,252
20,924
18,663
13,204
5.5
19,354
17,827
11,982
10,477
15,160
12,834
11,721
9,905
15,359
10,710
20,799
18,704
12,463
10.893
15,929
13,073
12,170
10,470
15,810
11,356
21,369
18,992
12,388
11.184
15,873
13,284
12,537
10,449
15,903
11,730
717
4,295
753
2,175
686
4,482
8,258
565
4,366
2.4
3.3
2.6
4.6
3.8
6.4
2.9
1.9
2.7
3.0
13,403
13,508
18,397
10,921
15,447
13,829
15,224
16,974
14,200
15,210
14,463
14,611
19,406
11,642
16,295
15,195
16,062
17,524
14,805
16,032
14,809
14,985
19,706
12,077
16,665
15,877
16,392
17.885
15,047
16,480
Marion
Medina
Meigs
Mercer
Miami
Monroe
Montgomery
Morgan
Morrow
Muskingum
815
2,166
253
585
1,500
188
9,981
175
332
1,145
850
2,320
267
621
1,590
198
10,451
184
348
1,198
874
2,395
111
610
1,630
201
10,776
185
359
1,233
2.7
3.2
3.8
-1.8
2.5
1.4
3.1
.5
3.3
2.9
17,845
10,978
14,863
16,179
12,019
17,435
12,345
12,015
13,936
13.238
18,902
11,610
15,730
17,031
12,825
18,190
12,965
12,502
14,600
13,586
19,094
11,928
15,386
17,316
13,063
18,705
13,050
12,766
14,967
136
723
286
369
644
289
2,244
613
530
1,999
142
726
287
386
662
304
2,297
623
530
2,015
4.6
11,977
18,040
13,945
11,695
13,306
11,906
15,702
15,260
15,646
12,179
18,113
14,122
12,130
13,585
12,335
15,881
15,366
15.487
12,561
16,038
11,667
13,901
15,993
15,813
17,558
15.253
13,967
17,355
16,800
12,566
14,728
17,301
16,810
18,627
15,988
14,834
18,362
13,469
16,837
12,853
14,934
17,825
17.053
18,889
16,287
14,805
18,207
14,148
10,474
15,998
13,593
15,458
15,956
16,671
14,637
14,631
11,122
16,907
14,362
16,090
16,442
17,189
15,238
14,548
11,359
17,298
14,867
16,158
16,602
17,327
15,154
1,
12,879
11,493
11,707
12,347
11,427
13,238
15,682
13,034
10,821
13,630
14,21
14,822
12,221
16,718
11,886
16,962
15,663
13,856
11,052
16,626
14,719
17,173
12,480
15,001
13,238
16,516
16,021
14,565
12,464
16,493
35
7
49
32
44
14
19
38
50
15
-7.3
-3.3
-5.4
-5.8
-4.2
4.6
4.6
-4.5
2.5
12,776
10,522
11,832
11,613
11,740
12,822
14,185
12,915
14,744
12,722
13,984
13,155
13,048
13,661
13,440
14,314
15,780
15,078
16,141
13,318
13,450
12,922
12,440
13,119
13,078
15,617
16,843
14,639
16,611
14,299
43
47
51
45
46
23
11
36
13
40
102
68
31
159
76
209
91
45
270
138
-1.1
-10.0
4.3
-3.8
-2.4
2.3
8.2
-9.7
9.3
8.1
12,656
13,943
11,910
16,101
13,178
14,705
13,286
12,628
13,213
9,401
14,819
17,155
12,515
17,976
15,460
16,135
14,284
15,960
13,668
10,073
14,949
15,848
13,583
17,596
15,305
16,617
15,435
14,905
15,030
10,757
33
20
42
5
28
12
26
34
31
52
Noble
Ottawa
Paulding
Perry
Pickaway
Pike
Putnam
Richland
131
695
276
352
613
269
2,142
565
504
1,936
34
31
12
320
40
337
58
128
203
83
29
34
16
335
35
339
60
137
215
3.3
-14.9
9.9
40.0
4.4
17,060
11,903
8,050
15,612
12,804
12,660
13,318
14,266
13,078
14,081
17,800
16,086
8,258
13,070
14,108
16,704
15,188
15,955
14,738
14,720
18,640
13,899
8,965
17,916
14,588
15,075
15,436
17,086
15,658
16,170
2
41
53
3
37
30
25
9
22
18
Ross
Sandusky
Scioto
Seneca
Shelby
Stark
Summit
Trumbull
Tuscarawas
Union
868
995
941
832
716
5,820
9,029
3,492
1,176
550
917
1,041
1,009
880
778
6,179
9,602
3,638
1,248
589
948
1,053
1,040
891
812
6,309
9,820
3,728
1,258
595
802
75
311
866
100
328
906
88
341
4.6
-12.3
13,698 15,009 15,802
12,494 17,256 15,604
14,223 15,671 16,206
21
24
17
179,035
151,176
189,177
159,816
29,361
194,388
164,351
30,037
2.8
2.8
2.3
16,532 17,422 17,767
17,158 18,088 18,464
13,803 14,514 14,726
Van Wert
Vinton
Warren
Washington
Wayne
Williams
Wood
Wyandot
431
116
1,795
849
1,561
589
1,879
327
446
123
1,937
894
1,636
608
1,951
339
443
128
2,016
927
1,657
614
1,969
339
Adams
Allen
Ashland
Ashtabula
Athens
Auglaize
Belmont
Brown
Butler
Carroll
237
1,706
666
1,286
647
669
948
437
4,598
323
256
1,772
700
1,346
686
700
990
458
4,907
344
268
1,818
718
1,382
722
717
1,015
484
5,139
351
4.5
2.6
2.6
2.7
5.2
2.4
2.6
5.6
4.7
2.1
9,410
15,547
14,067
12,842
10.897
15,092
13,163
12,584
15,939
12,179
10,297
16,609
14,934
13,764
11.958
15.793
14.312
13,590
17,200
13,008
27
50
61
82
40
57
63
19
72
45,080
29,166
15,914
47,669
30,832
16,838
49,435
32,071
17,364
3.7
4.0
3.1
484
2,319
522
2,434
535
2,516
2.5
3.4
13,573 14,437 14.710
15,721 16,487 17.019
55
22
198
109
107
99
230
159
356
385
213
91
113
94
239
162
372
378
7.1
-11.0
5.1
-5.3
4.0
Champaign
Clark
190
102
105
95
225
153
340
341
86
43
48
49
57
67
33
979
Dickey
Divide
Dunn
Eddy
Emmons
Foster
Golden Valley
Grand Forks
Grant
fr'ggs
81
34
48
3:
5;
54
34
923
39
46
Hettinger
Kidder
La Moure
McKerttie".""Z!!!."I"!""!""
McLean
Mercer
Morton
45
36
65
34
78
53
94
138
148
305
44
70
39
87
57
100
157
157
314
44
42
66
36
83
60
104
149
161
336
Mountrail
Nelson
Oliver
Pembina
Pierce
Ramsey
Ransom
Renville
Richland
Rolette
91
63
29
151
68
187
80
41
243
122
103
75
30
165
78
204
84
50
247
128
Sargent
Sheridan
Sioux
Slope
Stark
Steele
Stutsman
Towner
Traill
Walsh
79
26
30
15
297
31
300
53
117
199
Ward
Wells
Williams
Ohio
Metropolitan portion
Nonmetropolitan portion
See footnotes at end of table.
89
48
49
44
62
64
32
1,027
43
53
2.8
-10.5
9.1
-5.0
-3.1
4.9
10.5
-3.5
3.8
6.6
6.3
10,060
16,139
14,721
13,486
11,506
15,672
13,978
13,063
16,768
12,961
Oklahoma
Metropolitan portion
Nonmetropolitan portion
Adair
Alfalfa
Atoka
Beaver
Beckham
Blaine
Bryan
Caddo
Rank in
State
Dollars
1.1
3.1
1.3
4.4
2.1
2.3
2.5
11,541
17,359
13,476
11,188
12,811
11,138
15,096
14,146
14,968
15,316
14,310 15,154 15,570
15,614 16,475 16,914
12,410 13,214 13,576
10.306
15,666
8.216
15.432
11.734
13.133
10.589
11.420
10,764
17,029
8,396
16.588
12.308
13.979
11.101
13.075
11.248
15,183
8.784
15.652
12.787
14.109
11.546
82 • May 1993
SURVEY OF CURRENT BUSINESS
Table 2.—Total Personal Income and Per Capita Personal Income by County, 1989-91—Continued
Per capita personal income 3
Total personal income
Percent
change 2
Mi ons of dollars
Area name
1989
1990
1991
Rank in
State
Dollars
1990-91 1989
1990
1991
1,066
619
1,148
643
1,203
666
4.8 14,500 15,365 15,851
3.6 14,307 15,011 15,566
Cherokee
Choctaw
Cimarron
Cleveland
Coal
Comanche
Cotton
Craig
Creek
Custer
394
155
67
2,369
56
1,433
87
178
830
345
424
166
73
2,503
56
1,491
93
185
873
362
446
175
74
2,621
59
1,548
89
195
911
366
5.3
5.5
.9
4.7
5.3
3.8
-3.9
5.5
4.4
1.1
11,641
10,091
20,313
13,795
9,740
12,807
12,960
12,593
13,467
12,710
12,409
10,833
22,268
14,290
9,718
13,386
13,985
13,125
14,380
13,501
12,741
11,414
22,976
14,737
10,357
13,862
13,822
13,873
14,736
13,800
54
67
1
19
75
32
33
31
20
35
Delaware
Dewey
Ellis
Garfield
Garvin
Grady
Grant
Greer
Harmon
Harper
290
85
72
869
355
502
103
76
46
68
314
87
75
909
367
516
108
84
54
76
3.9
327
81 -6.9
79
6.1
930
2.4
384
4.6
536
3.8
98 -9.3
81 -3.1
45 -17.1
69 -9.5
10,446
15,049
15,481
15,074
13,217
11,963
17,737
11,438
11,810
16,412
11,156
15,682
16,792
16,095
13,831
12,383
19,136
12,802
14,285
18,827
11,444
14,738
17,896
16,489
14,434
12.779
17,654
12,668
12,016
17,491
66
18
5
11
21
50
7
56
62
8
Haskell
Hughes
Jackson
Jefferson
Johnston
Kay
Kingfisher
Kiowa
Latimer
Le Flore
125
134
348
88
94
763
190
152
102
493
133
141
387
91
98
800
200
168
112
522
138
144
374
96
105
826
206
158
121
546
4.1
1.9
-3.3
5.5
6.3
3.3
2.9
-5.9
7.9
4.5
11,440
10,229
12,002
12,310
9,298
15,786
14,164
13,304
9,952
11,459
12,125
10,856
13,497
13,086
9,814
16,667
15,218
14,822
10,848
12,033
12,763
11,115
13,046
13,789
10,528
17,120
15.734
14,123
11,414
12,544
52
71
45
36
74
9
13
26
68
57
Lincoln
Logan
Love
McClain
McCurtain
Mclntosh
Major
Marshall
Mayes
Murray
327
370
96
301
364
171
107
129
395
134
343
388
105
314
372
180
113
137
419
138
358
402
111
328
392
187
108
145
435
150
4.3
3.8
6.3
4.6
5.2
3.9
-4.6
6.2
3.9
8.7
11,228
12,689
11,834
13,187
10,859
10,181
13,125
11,915
11,831
11,004
11,736
13,376
12,784
13,761
11,147
10,750
14,053
12,605
12,556
11,462
12,129
13.819
13,371
14,226
11,749
11,062
13,640
13,119
12,863
12,311
61
34
42
23
64
73
38
44
47
59
Muskogee
Noble
Nowata
Okfuskee
Oklahoma
Okmulgee
851
144
117
114
10,048
409
455
360
200
792
889
152
121
119
10,526
429
480
377
212
832
926
153
126
125
10,960
451
493
391
218
879
4.2
.7
4.5
4.9
4.1
5.3
2.7
3.7
3.1
5.6
12,482
12,934
11,530
9,831
16,724
11,112
10,920
11,673
12.761
12,841
13,055
13,765
12,126
10,302
17,558
11,773
11,518
12,366
13,628
13,536
13,514
13,766
12,738
11,114
18,072
12,332
11,787
12,755
14,045
14,197
41
37
55
72
4
58
63
53
29
25
463
427
753
104
55
758
290
344
541
252
496
447
769
107
58
818
307
369
566
267
527
464
803
114
59
861
321
387
603
289
6.2
3.6
4.4
6.6
1.4
5.2
4.4
4.8
6.6
8.3
11,358
12,534
12,766
9,396
12,818
13,841
11,254
10,238
12,719
15,117
12,242
13,099
13,100
9,725
14,115
14,782
12,136
10,877
13,397
16,307
12,767
13,590
13,621
10,319
14,349
15,209
12,834
11,344
14,012
17,834
51
40
39
76
22
16
48
69
30
6
121
8,927
642
880
141
140
251
139
9,580
664
953
158
153
269
126
9,934
690
986
152
152
266
-9.6
3.7
3.9
3.4
-3.8
-.5
-1.2
11,575
17,784
13,476
18,379
11,996
15,168
12,941
13,466
19,008
13,832
19,790
13,922
16,891
14,271
12,229
19,333
14,221
20,275
13,218
16,933
14,093
60
3
24
2
43
10
28
45,188
33,065
12,123
48,745
35,781
12,964
51,112
37,579
13,533
Clackamas
Clatsop
Columbia
Coos
Crook
Curry
Deschutes
Douglas
203
1,094
5,094
537
535
846
199
275
1,127
1,332
218
1,169
5,565
554
579
898
215
294
1,279
1,404
230
1,210
5,839
569
609
931
228
307
1,362
1,436
5.7
3.6
4.9
2.7
5.3
3.7
6.1
4.5
6.4
2.3
13,331
15,716
18,724
16,331
14.498
14,192
14,417
14,685
15,372
14.281
14,174
16,401
19,782
16,563
15,311
14,845
15,145
15,045
16.932
14,749
14,871
16,783
20,215
16,816
15,742
15,296
15,536
15.645
16.946
15,000
28
10
3
9
18
22
20
19
7
26
Gilliam
Grant
Harney
Hood River
Jackson
28
107
95
264
2,118
29
115
100
291
2,296
30
126
105
310
2,407
.7
9.7
5.3
6.5
4.9
16,475
13,784
13,486
15,870
14,772
17,138
14,580
14,073
17,128
15,570
17.162
15,774
14.997
18.373
15.953
6
17
27
5
16
Ottawa
Pawnee ...
Payne
Pittsburg
Pontotoc
Pottawatomie
Pushmataha
Roger Mills
Rogers
Seminole
Sequoyah
Stephens
Texas
Tillman
Tulsa
Wagoner
Washington
Washita
Woods
Woodward
Oregon
Metropolitan portion
Nonmetropolitan portion
Baker
Benton
See footnotes at end of table.
12
15
4.9 16,193 17,038 17,495
5.0 17,000 17,899 18,385
4.4 14,336 15,040 15,420
Percent
change 2
Millions of dollars
1991
Canadian
Carter
Per capita personal income 3
Total personal income
1989
1990
1991
1990-91
Jefferson
Josephine
Klamath
Lake
Lane
168
823
778
104
4,193
182
873
813
107
4,487
195
906
840
108
4,651
7.0
3.7
3.3
.7
3.7
Lincoln
Linn
Malheur
Marion
Morrow
Multnomah
Polk
Sherman
Tillamook
Umatilla
578
1,216
326
3,352
119
621
1,296
6.1
5.6
4.9
6.2
-7.6
4.6
5.7
-2.6
4.9
5.0
Rank in
State
Dollars
1990
1991
13,192
13,872
14,043
14,815
15,760
13,777
14,004
14,421
15.114
16,145
35
34
33
23
15
15,184 15,851 16,446
13,537 14,126 14,638
12,540 13,397 13,774
14,967 15,932 16,509
15,638 17,339 15,102
18,160 19,045 19.627
13,939 14,719 15.089
23,086 22.492 21,920
13.366 14,122 14.533
13,431 14,266 14,805
14
31
36
13
24
4
25
12,599
13,321
13.621
14,664
15,083
1991
10,470
677
45
284
132
11,171
734
43
306
848
659
1,368
366
3,891
122
11,684
776
4:
321
891
327
107
329
5,696
22
930
342
111
350
6,292
23
992
356
121
371
6,674
24
1,046
8.2
5.9
6.1
5.7
5.5
13,988
15,552
15,282
18,876
15.857
14,583
14,456 14,807
16,108 16,868
16.119 16.726
19,968 20,391
16.462 16,766
14,985 15,468
209,367
183,504
25,863
222,693
195,339
27,354
230,946
202,355
28,591
3.7
3.6
4.5
17,644
18,226
14,387
18,725
19,354
15,198
Adams
Allegheny
Armstrong
Beaver
Bedford
Berks
Blair
Bradford
Bucks
Butler
1,238
25,825
1,324
27,859
1,153
2,652
581
6,317
1,803
889
11,438
2,441
1,210
2,823
615
6,607
1,912
931
12,215
2,629
1,378
28,997
1,266
2,968
645
6,776
1,994
962
12,571
2,762
4.1
4.1
4.6
5.2
4.8
2.6
4.3
3.3
2.9
5.1
16,033 16,834 17,196
19,215 20,874 21,679
15.609 16,492 17.092
14,155 15.195 15.837
12.148 12,828 13,357
18.915 19,573 19,868
13,784 14,646 15.175
14,539 15.275 15.650
21,352 22,482 22,916
16,106 17,270 17,847
25
5
26
37
65
9
43
41
4
17
Cambria
Cameron
Carbon
Centre
Chester
Clarion
Clearfield
Clinton
Columbia
Crawford
2,205
84
819
1,792
8,696
550
1,070
469
866
1,163
2,334
86
869
1,926
9,482
574
1,130
483
914
1,246
2,457
88
903
2,035
9,731
599
1,177
503
947
1,292
5.3
2.2
3.9
5.7
2.6
4.4
4.1
4.2
3.6
3.7
13,406 14,353
14,031 14,656
14.520 15,233
14.578 15.514
23.539 25,018
13,141 13,775
13,629 14,488
12,594 12,981
13,724 14 451
13,455 14,466
15,113
15.124
15,675
16,244
25,424
14,334
15,050
13,521
14,872
14,912
45
44
39
34
2
60
50
63
52
51
3,529
4,092
12,192
561
4,220
1,915
59
1,881
185
3,689
4,357
12,814
586
4,474
2,038
62
1,975
200
3,835
4,545
13,110
613
4,693
2,142
65
2,069
207
522
4.3
2.3
4.5
4.9
5.1
3.8
4,7
3.3
4,7
18,843 19,354
17,262 18,293 18,935
22,220 23,402 23,869
15,960 16.849 17,476
15.284 16,239 16,886
14,056 14,644
12,960 13,442
15,615 16,276 16,796
14,741
14,440
13,427
11,772 12,609 13,154
10
14
3
22
29
56
64
30
54
66
562
1,300
714
326
3,842
8,209
1,453
1,959
5,984
5,598
4,4
3.7
4.0
3.2
3.8
2.3
3.6
4.2
3.0
4.0
11,576
13.091
14.204
14,818
16,012
18,015
13,957
15,498
19,044
15,511
12,160 12,692
13.928 14.375
14,921 15,412
15,265 15,665
16,910 17,533
18,884 19,071
14,607 15,084
16,503 17,017
19,900 20,328
16,412 16,980
67
59
42
40
20
13
46
27
6
28
3.4
5.6
4.7
2.9
5.4
2.4
7.6
3.1
3.6
15,084 15,816 16,234
13,540 14,325 15,081
14,193 15,130 15,731
12,939 13,555 13,875
16,935 17,911 18,119
27,599 29,461 29,885
17,275 18,655 19,942
17,517 18.227 18,628
13,820 14.572 15,075
13,936 14,674 15,055
35
47
38
62
16
1
8
15
48
49
4.3
6.6
6.8
3.3
9.5
4.1
3.0
4.4
5.7
15,688
18,727
12.869
14.997
17,020
13.291
13,373
13.441
12.501
14,876
16,547
19,368
13.809
15.842
17,680
14,183
14,351
14,309
13.602
15.731
17,430
19,191
14,571
16.317
19,237
14.647
14.764
14.619
14.190
16.614
23
12
58
33
11
55
53
57
61
31
5.2
4.9
15.163
15.874
15.486
16,192
16,735
16,717
17.513
17.594
17.428
21
19
24
Union
Wallowa
Wasco
Washington
Wheeler
Yamhill
Pennsylvania
Metropolitan portion
Nonmetropolitan portion
Cumberland
Dauphin
Delaware
Elk
Erie
Fayette
Forest
Franklin
Fulton
Greene
Huntingdon
Indiana
Jefferson
Juniata
Lackawanna
Lancaster
Lawrence
Lebanon
Lehigh
Luzerne
Lycoming
McKean
Mercer
Mifflin
Monroe
Montgomery
Montour
Northampton
Northumberland
Perry
Philadelphia
Pike
Potter
Schuylkill
Snyder
Somerset
Sullivan
Susquehanna
Tioga
Union
Venango
Warren
Washington
510
1,181
658
304
3,515
7,513
349
3,666
538
1,253
687
1,353
1,754
5,507
5,099
316
3,703
8,026
1,403
1,881
5,809
5,385
1,786
1,880
642
1,724
598
1,576
18,622
305
4,285
1,342
566
674
1,829
627
1,732
20,021
332
4,522
1,409
607
1,945
712
1,915
645
1,825
20,496
357
4,661
1,460
631
24,962
504
26,217
549
230
2,415
651
1,109
88
579
560
570
27,357
586
246
2,495
712
1,154
90
602
585
603
960
753
3,415
793
3,584
217
2,298
619
1,042
82
540
514
535
906
719
3,185
1,045
1
32
30
12
2
11
21
19,313
19,950
15,752
May 1993 •
SURVEY OF CURRENT BUSINESS
83
Table 2.—Total Personal Income and Per Capita Personal Income by County, 1989-91—Continued
Per capita personal income 3
Total personal income
1989
Wayne
Westmoreland
Wyoming
York
Rhode Island
Metropolitan portion
Nonmetropolltan portion
Bristol
Kent
Newport
Providence
Washington
South Carolina
Metropolitan portion
Nonmetropolitan portion
Abbeville
Aiken
Allendale
Anderson
Bamberg
Barnwell
Beaufort
Berkeley
Calhoun
Charleston
Cherokee
Chester
Chesterfield
Clarendon
Colleton
Darlington
Dillon
Dorchester
Edgefield
Fairfield
Florence
Georgetown
Greenville
Greenwood
Hampton
Horry
Jasper
Kershaw
Lancaster
Laurens
Lee
Lexington
McCormick
Marion
Marlboro
Newberry
Oconee
Orangeburg
Pickens
Richland
Percent
change
M I ons of dollars
Area name
1990
1991
1990-91
Rank in
State
Dollars
1989
1990
1991
6,91
4.0
42
3.2
3.6
15,59
15,920
14,835
18,715
16,36
17,13
15,472
19,579
16,610
17,76
15,892
19,998
18,863
17,086
1,778
19 299
17,509
1,789
23
2.5
.7
18 088 1877
19 201
17,934 18,618 19,088
19,697 20,379 20,384
1,043
3,102
1,718
10,200
2,037
1,064
3,210
1,778
10,669
2,143
1,070
3,278
1,789
10,98
2,180
.5
2.1
.7
2.9
1.7
21,358 21,760 21,795
19,266 19,904 20,277
19,697 20,379 20.384
17,152 17,868 18,455
18,701 19,406 19,551
47,836
34,763
13,073
52,626
38,445
14,181
54,797
39,995
14,802
4.1
4.0
4.4
13,838 15,043 15,391
14,501 15,805 16,123
12,339 13,302 13,710
3.0
4.9
3.0
2.5
4.4
6.4
5.0
11,129
16,217
9,961
13,517
9,607
13,069
16,783
11,413
12,035
13,139
3.3
3.3
4.6
5.6
3.6
5.8
6.2
5.3
6.3
4.2
14,000
11,269
12,055
8,987
10,796
12,258
10,386
12,774
11,330
12,536
14,459
11,811
12,870
10,349
12,018
13,194
10,918
14,593
11,398
13,044
14,740
12,054
13,298
10,817
12,190
13,770
11,522
14,866
12,062
13,479
17
37
26
45
34
23
40
16
36
24
13,149
12,346
16,668
14,133
11,578
13,075
10,845
13,656
12,770
12,721
14,867
14,690
17,649
14,932
12,287
14,750
11,831
14,839
13,666
13,648
15,369
14,917
17,951
15,370
12,462
15,127
12,238
15,228
13,859
14,426
11
15
3
10
30
13
32
9,934
18,006
10,713
11,395
11,006
13,746
15,681
13,024
14,812
17,078
10,837
18,198
11,073
12,009
12,152
14,192
16,031
13,337
15,055
17,416
44
1
42
38
35
21
9
27
8
31
33
43
6
616
656
68
5,917
6 340
6,60
415
435
6,305
6,669
18,100
16,382
1,718
449
264
276
284
1,943
116
1,950
164
2,107
126
2,069
170
2,210
132
2,126
178
1,437
1,448
1,569
1,668
1,609
1,742
153
159
169
3,842
4,697
4,931
265
288
296
617
360
464
255
370
758
304
646
381
497
295
414
816
318
667
393
520
311
429
864
337
1,039
1,222
1,286
207
277
210
292
223
304
1,499
1,703
1,799
4.7
2.8
4.4
11,538
17,362
10,688
14,212
10,107
14,160
18,095
12,880
12,443
15,864
11,834
17,571
11,128
14,535
10,456
14,344
17,971
13,070
13,115
16,230
167
184
192
5.7
4.5
2.7
3.9
2.0
5.1
4.8
589
693
650
746
675
764
3.9
2.4
733
795
846
6.3
161
2,834
86
360
304
440
837
1,023
1,290
4,541
183
3,026
95
387
323
457
906
1,106
1,397
4,898
201
3,145
98
413
359
476
933
1,149
1,459
5,069
9.9
3.9
3.0
6.9
11.4
4.2
3.0
3.9
4.4
3.5
8,733
17,013
9,853
10,628
10,281
13,335
14,759
12,091
13,911
16,047
11,868 12,660 13,283
14,757 15,688 16,048
10,942 11,779 12,254
11,397 11,850 12,213
9,192 10,442 11,062
15,411 16,685 16,902
567
682
713
5,288
5,671
5,822
838
210
891
224
926
228
1,844
2,141
2,251
195
207
217
3,318
1,110
3,570
1,214
3,701
1,283
32
18
36
7
1
3
2
5
4
39
4
41
18
46
20
2
29
28
7
12
22
19
25
14
5
345
339
360
384
373
410
1,993
2,207
2,281
9,809
3,440
6,370
10,836
3,786
7,050
11,325
4,011
7,314
4.5
5.9
3.7
14,080 15,566 16,095
15,724 17,108 17,674
13,327 14,848 15,344
Aurora
Beadle
Bennett
Bon Homme
Brookmgs
Brown
Brule
Buffalo
Butte
Campbell
32
266
34
85
306
539
67
17
96
33
40
286
40
94
335
582
81
19
103
32
39
291
42
97
363
611
81
21
109
40
-2.0
10,042 12,861 12,994
14,517 15,677 16,148
10,670 12,508 13,201
12,035 13,316 13,759
12,121 13,278 14,325
15,095 16,374 17,113
12,117 14,874 14,337
9,760 10,818 11,986
11,997 12,987 13,203
16,709 16,235 20,487
56
27
55
48
47
18
46
62
54
7
Charles Mix
Clark
Clay
Codington
Corson
Custer
Davison
101
65
148
309
45
92
255
109
50
53
119
71
161
343
50
98
278
113
55
55
124
74
168
360
57
102
289
110
55
60
10,973
14,510
11,201
13,643
10.558
14,710
14.542
15,410
10,960
9,570
13,011 13,516
16,212 17,150
12,175 12,776
15,090 15.657
11,925 13.618
15,916 16,480
15,875 16,511
16,299 15.921
12,310 12,305
9,991 10,724
51
17
58
32
49
24
23
31
60
64
40
65
45
74
48
71
10,531
14,733
12,085
17,066
12,834
16,659
57
22
South Dakota
Metropolitan portion
Nonmetropolitan portion
Day
Deuel
Dewey
Douglas
Edmunds
See footnotes at end of table.
1.7
4.2
2.6
8.4
5.0
-1.0
11.8
5.9
25.2
4.2
4.3
4.5
5.0
15.7
3.6
3.9
-2.5
7.5
8.7
5.4
-3.8
Area name
1991
5.1
3.7
5.6
3.7
6.6
3.4
Saluda
Spartanburg
Sumter
Union
Williamsburg
York
Per capita personal income 3
Total personal income
Percen
change
Millions of dollars
1989
1990
1990-9
1991
Fall River
Faulk
Grant
Gregory
Haakon
Hamlin
Hand
Hanson
10
43
116
6
48
5i
72
29
11
5
123
75
53
0(
85
35
115
48
12*
55
67
87
33
-5.1
Harding
Hughes
Hutchinson
Hyde
Jackson
Jerauld
Jones
Kingsbury
Lake
Lawrence
25
230
114
27
28
27
250
126
34
32
29
263
131
34
34
6.6
5.4
4.2
1.4
6.4
32
27
82
133
39
31
85
149
39
31
89
156
-1.3
-.5
5.3
4.9
Lincoln
Lyman
McCook
McPherson
Marshall
Meade
Mellette
Miner
Minnehaha
Moody
Pennington
Perkins
Potter
Roberts
Sanborn
Shannon
Spink
Stanley
Sully
Todd
Tripp
Turner
Union
Walworth
Yankton
Ziebach
Tennessee
Metropolitan portion
Nonmetropolitan portion
Anderson
Bedford
Benton
Bledsoe
Blount
Bradley
Campbell
Cannon
Carroll
Carter
Cheatham
Chester
Claiborne
Clay
Cocke
Coffee
Crockett
Cumberland
Davidson
Decatur
DeKalb
Dickson
Dyer
Fayette
Fentress
Franklin
Gibson
Giles
Grainger
Greene
Grundy
Hamblen
Hamilton
Hancock
Hardeman
Hardin
Hawkins
Haywood
Henderson
Henry
71
3.0
-3.6
1.1
1 2
37
21
1.7
275
302
322
6.5
207
224
233
4.1
52
74
55
78
53
77
-3.7
-1.1
48
72
301
23
44
50
82
337
30
49
53
82
361
29
49
4.8
.4
6.9
2,064
2,284
2,424
84
101
107
1,169
1,279
1,353
72
56
113
37
65
137
42
40
59
84
63
121
43
69
161
50
48
67
88
61
119
43
76
159
52
50
73
91
119
148
92
256
26
109
130
168
99
278
30
107
129
174
101
293
35
72,778
52,130
20,648
77 555
55,528
22,027
81,623
58,375
23,249
5.2
1,053
427
181
96
1,229
1,032
1,121
444
188
100
1,309
1,091
1,178
465
203
104
1,382
1,142
5.1
4.6
8.1
3.5
362
131
330
546
389
138
348
588
413
145
370
616
357
136
308
80
288
586
161
401
376
145
323
86
316
614
171
442
397
153
348
91
341
648
182
465
9,520
9,951
10,407
115
121
126
168
491
485
301
133
381
614
327
167
688
183
524
512
317
140
405
643
347
175
730
195
554
522
336
155
426
678
372
187
751
137
655
140
702
148
740
4,893
5,217
5,411
54
260
248
494
223
259
352
60
278
268
535
246
270
372
65
296
284
564
266
281
386
-3.3
.5
6.2
6.2
5.9
5.0
-3.9
-1.8
-.3
9.3
-1.2
3.7
4.3
8.3
-2.1
-.8
3.4
2.5
5.2
16.3
5.1
5.5
Rank in
State
Dollars
1989
1990
1991
1991
15,204 15,63
14,40
15,32
18,26
17,49
13J2
14,698 14*88"
122K
14 05> 14 34$
18^007 20',410 21^38
11 62'
13 45C
16^629 20,04: 20,04
9,718 11,745 11,185
33
13
41
45
4
52
9
63
14,859
15,532
13,684
15,556
9^636
13,078
20,010
13,690
12,569
13,402
16,228
16,823
15,318
19,986
11£75
16.302
23,481
14,341
14,102
14,604
17,43
17,645
16,117
20,597
12^382
16,159
23,510
15,239
14,825
15,282
14
12
28
6
59
13,512
14,245
12,900
14,777
14,793
13,767
10,743
13,405
16,756
12,861
14,466
15,054
13,723
15,669
16,904
15,412
13,938
15,027
18,405
15,482
14,993
14,555
13.616
16,742
17,253
16,045
13,390
15,282
19,036
16,172
21
15
30
53
36
11
25
14,562
18,097
17,209
11,217
12,740
6,344
16,947
16,845
24,547
7,259
15,640
21,512
19,865
12,248
15,196
7,056
20,320
20,311
30,489
7,950
16,106
23,155
19,088
12,215
15,215
7,335
20,084
20,896
32,620
8,574
29
3
10
61
39
66
8
5
1
65
13,021 15,784 15,281
13,770 15,227 15,333
14,429 16,539 16,766
14,899 16,285 17,196
13,339 14,432 14,809
11,378 13,489 15,766
37
34
19
16
43
20
26
2
38
42
35
40
44
50
14,992 15,869 16,478
16,423 17,333 17,977
12,289 13,083 13,627
16,998
14.923
13,659
10,718
15,587
15,260
11,663
13,664
13,318
11,886
9
22
41
86
5.6
4.7
6.2
5.0
6.2
4.8
15,479
14,113
12,415
9,907
14,389
14,093
10,311
12,555
11,944
10,600
5.8
4.9
7.6
6.6
8.0
5.6
6.3
5.2
4.6
4.2
13,410 13,743 14,231
10,579 11,337 11,826
11,800 12,361 13,046
10,992 11,834 12,604
9,877 10,834 11,658
14,558 15.188 15,755
11,943 12,846 13,529
11,722 12,642 12,880
18,742 19,437 20,296
10,927 11,532 11,999
31
74
52
62
77
15
43
56
2
71
6.6
5.7
2.1
6.2
5.1
5.4
7.2
7.0
2.9
11,728 12,713 13,471
14,223 14,874 15,489
13,926 14,661 15,024
11,796 12,367 13,054
9,002 9,559 10,468
11,024 11,635 12,143
13,175 13,902 14,575
12,741 13,459 14,092
9,774 10,225 10,700
12,306 13,075 13,318
46
17
21
51
89
69
29
33
88
50
6.0
5.4
3.7
7.9
6.7
6.2
5.5
8:2
4.1
3.9
10.180 10,461 11.034
12.920 13.927 14.629
17187 18,243 18,788
8.067
8.897
9.761
11.110 11.881 12.573
10.968 11.815 12.199
11.095 11.986 12,434
11.457 12.650 13,638
11.881 12.350 12,858
12.575 13.335 13,726
83
25
4
93
63
67
65
42
57
39
10.5
16,408
14,569
12,930
10,367
15,189
14,763
11,089
13,221
12,669
11,413
16
18
76
40
49
73
84 • May 1993
SURVEY OF CURRENT BUSINESS
Table 2.—Total Personal Income and Per Capita Personal Income by County, 1989-91—Continued
Per capita personal income 3
Total personal income
Area name
1989
Hickman
Houston
Humphreys
Jackson
Jefierson
Johnson
Knox
Lake
Lauderdale
Lawrence
Lewis
Lincoln
Loudon
McMinn
McNairy
Macon
Madison
Mai ion
Mai shall
Maury
Meigs
Monroe
Montgomery
Moore
Moigan
Obion
Overton
Perry
Picket!
Polk
Putnam
Rhea
Roane
Robertson
Rutherford
Scott
Sequatchie
Sevier
Shelby
Smith
Stewart
Sullivan
Sumner
Tipton
Trousdale
Un'icoi
Union
Van Buren
Warren
Washington
Wayne
Weakley
White
Williamson
Wilson
Texas
Metropolitan portion
Nonmetropolitan portion
Percent
change 2
Millions of dollars
1991
6.5
6.7
4.0
5.9
6.7
80
5.2
.7
4.4
7.2
11,675
11 514
12,471
9,543
12,284
8 895
16,419
9,488
11,579
11,974
12,251
11,967
12,867
10,022
13,024
9 851
17,374
11,092
12,117
13,085
12,705
12 691
13,405
10,822
13,511
10 347
17,937
11,186
12,662
13,747
58
59
47
85
44
90
6
81
61
37
9.755
12 955
13,582
12,574
12,159
10,730
14,111
11,274
13,848
14,837
10,455
13 840
14,509
13,382
12,594
11,302
15,477
12,062
14,656
16,715
10.714
14 041
14,913
13,764
12,895
11,979
16,101
12,509
14,816
18,188
87
34
23
36
55
72
12
64
24
5
12,682
12.017
13,736
10,998
11,046
14,579
10,055
12,177
9,368
11,217
60
70
38
84
82
28
92
68
95
80
14,674 15,182
13,923 14,270
15,445 16,091
13,561 14,149
15,539 16,047
11,120 11,569
11,197 11,616
14,255 14,610
18,475 19,200
14,577 15,127
19
30
13
32
14
79
78
26
3
20
5,841
6,143
68
273
422
79
285
463
79
297
496
91
363
422
533
273
170
97
391
455
567
283
180
103
399
482
589
292
193
1,098
1,208
1,273
279
296
809
300
317
918
315
333
7.0
21
5.9
3.8
3.3
7.5
5.4
4.8
5.1
1,061
15.5
88
335
98
352
105
371
1,277
1,334
1,415
51
170
442
161
75
36
141
52
183
461
169
78
39
153
53
192
463
179
82
42
154
7.1
5.5
6.1
1.9
4.8
.4
5.8
5.5
8.0
.7
11,075 12,130
10.998 11,509
12,927 13,191
10,706 11,084
9,890 10,560
13,879 14,534
9,594
9,133
11,407 11,772
8,626
7,980
10,365 11,216
719
314
685
531
756
339
729
565
795
353
768
605
1,722
1,859
1,990
190
91
663
204
99
732
14,307
15,294
16,052
194
206
218
5.2
4.2
5.4
7.0
7.0
5.6
5.1
6.2
5.0
5.6
14,080
12,903
14,473
12,952
14,881
10,260
10,283
13,219
17,384
13,688
215
104
111
106
111
118
2,129
1,614
2,298
1,728
2,405
1,824
471
71
196
122
42
394
525
77
210
135
45
416
559
81
221
144
48
433
1,375
1,486
1,569
146
409
243
155
427
252
166
443
263
1,849
1,070
1,984
1,144
2,132
1,211
550
202
966
236
121
35
318
315
101
152
283,120
244,756
38,365
572
213
299,225
259,246
39,979
604
219
1,029
1,088
249
133
38
349
327
114
164
265
130
39
368
349
114
173
Bell
Bexar
Blanco
Borden
Bosque
Bowie
Brazona
2,486
17,438
2,601
18,219
2,612
19,281
94
14
210
101
18
219
107
14
228
1,134
3,265
1,217
3,530
1,269
3,804
Brazos
Brewster
Briscoe
Brooks
Brown
Burleson
Bur net
Caldwell
Calhoun
1,425
1,519
1,610
93
28
75
446
163
340
303
268
106
34
79
462
171
350
320
286
109
29
83
484
183
368
340
306
1991
5,497
521
69
309
See footnotes at end of table.
1990
219
90
212
99
459
146
495
71
295
Bee
1989
206
84
203
93
430
136
456
63
275
Bastrop
Baylor
1990-91
194
81
197
89
405
123
263,238
227,281
35,958
Anderson
Andrews
Angelina
Aransas
Archer
Armstrong
Atascosa
Austin
Bailey
Bandera
1990
Rank in
State
Dollars
7.0
4.7
5.5
6.6
4.3
5.1
6.6
5.5
4.0
5.6
7.1
3.5
4.5
7.4
5.9
5.7
5.9
4.2
5.7
2.6
5.7
6.4
-2.1
3.4
5.6
6.6
.3
5.7
5.2
-2.8
4.8
.4
5.8
5.4
-21.1
4.3
4.3
7.8
6.0
2.6
-14.3
5.7
4.8
6.8
5.1
6.3
7.1
11,208
14,820
15,862
12,680
12,057
11,830
9,050
8,752
11,981
14,883
11,653
15,996
16,641
13,903
13,039
12,700
9,790
9,329
12,594
16,089
12,244
16,583
17,313
14,581
13,510
13,327
10,291
9,719
12,939
16,664
10,490 11,094 11.788
12,739 13,380 13.882
12,129 12,529 12,949
23,336 24,290 25,089
16,056 16,803 17.390
75
35
53
1
7
15,663 16,600 17,248
16,249 17,197 17,861
12,755 13,591 14,109
11,540
13,944
13,899
13,296
15,314
17,653
10,544
15,907
14,212
14,819
11,870 12,581
14,907 14,919
14,694 15,356
13.855 14,266
16,589 16,834
18,666 20,354
11,357 11,762
16,494 17,197
16,139 16,396
15,369 16,097
11,781
10.760
13,655
9.097
12,959
11,912
15,161
11.488
13.938
216
117
99
145
58
16
228
51
64
73
13,425
16,039
12,191
14,131
15,994
16,969
18.542
14,984
15,526
19,104
187
77
225
158
78
56
30
114
93
23
12,430 13.068
12.206 12.769
17,382 15,749
9,567 10.272
13,445 14.017
12,569 13.339
15,370 16.079
12.106 12.768
15.024 15.691
200
210
85
239
166
191
74
211
87
12,198 12,838
14,180 16,175
10,927 11,737
13,212 13,536
14,909 15,294
15,867 16,890
17,077 22,036
14,037 14,390
13,954 14,869
17,113 18,378
Area name
1991
66
11
8
27
45
48
91
94
54
10
Per capita personal income y
Total personal income
1990
1989
Callahan
Cameron
Camp
Carson
Cass
Castro
Chambers
Cherokee
Childress
Clay
Cochran
Percent
change 2
Millions of dollars
1991
1990-91
140
147
156
2,236
2 469
2,641
159
91
374
117
255
538
80
132
48
159
104
398
139
273
571
87
140
62
166
106
419
144
295
601
85
139
61
5.8
7.0
4.3
1.9
5.3
3.6
7.7
5.3
-2.2
-.6
-1.6
6.7
1.9
6.4
Rank in
State
Dollars
1991
1991
1989
1990
11,871
8,709
16,006
13.877
12,461
12,767
12,644
13,179
13,376
13,147
10,934
12,394 13.082
9,824
9,448
16,060 16.547
15.792 16.209
13,266 13,869
15,358 16,307
13,627 14.492
13.883 14.784
14,678 14,271
13,907 14,201
14,234 14.765
199
243
62
70
170
67
134
122
144
152
124
13,335 13,399 14.342
12,676 12,416 13,023
20,910 21,997 22.571
12,053 14.176 13.578
13.802 14.645 15.656
16,970 17,712 18,413
12,707 14,329 14,206
13.886 15,311 14.728
13.118 13.539 14.317
11,568 11,960 12,597
138
202
8
182
89
32
151
127
141
214
52
186
153
231
235
29
10
219
100
196
46
124
46
120
49
123
5,320
5,885
6,261
44
256
863
170
42
399
735
50
268
924
192
47
418
771
48
287
983
189
45
436
792
34
59
53
88
34
82
37
61
55
104
35
87
37
64
59
82
34
104
37,033
39,514
41,212
4.3
177
257
59
218
275
62
176
286
63
-19.0
4.0
2.2
14,658 16.667 17.082
12,546 13,068 13,445
12,797 13,502 14,175
11,910 14,337 11,300
9,824 10.361 10.526
14,573 15.984 18.698
20,198 21.244 21,840
12,164 15,243 12,404
13.392 14,371 15.331
12,307 12,747 13.180
Denton
De Witt
Dickens
Dimmit
Donley
Duval
Eastland
Ector
Edwards
Ellis
4,550
4,864
5,121
234
34
69
52
115
223
246
36
80
61
123
236
257
36
85
62
127
246
26
26
27
1,249
1,317
1,391
5.3
4.6
-.9
5.6
2.5
3.4
3.9
6.8
5.0
5.7
17,400
12,292
13.017
6,558
13,862
8,915
11.921
14.504
11.799
15.021
17,497
13,092
14,031
7,703
16,441
9,550
12.820
15,098
11.489
15.331
18,014
14.028
14,326
7,847
17.481
9,935
13,409
15,833
12.387
16,063
39
165
140
251
46
241
188
81
221
75
El Paso
Erath
Falls
Fannm
Fayette
Fisher
Floyd
Foard
Fort Bend
Franklin
6,398
6,809
7,198
401
199
322
304
61
108
25
436
209
336
320
70
132
33
436
229
349
342
56
131
28
5.7
6.0
3,737
4,267
4,676
108
113
117
9.6
4.1
10,992
14,594
11.231
12,998
15,103
12,447
12.593
13.981
17,083
13,998
11,441 11,764
15,464 15,464
11,777 13,090
13,546 14,276
15,937 17,075
14,488 12,193
15,599 15.283
18.619 15.868
18,726 19,399
14,368 14,883
227
95
198
142
53
224
103
80
20
119
200
103
153
211
125
184
223
142
147
13.1
-19.8
3,599
3,822
4,083
6.8
54
270
24
61
285
29
59
305
25
-3.1
74
225
76
235
83
250
-13.5
8.9
6.3
407
412
424
3.0
Grayson
Gregg
Grimes
Guadalupe
Hale
Hall
Hamilton
Hansford
Hardeman
Hardin
1,437
1,634
1,507
1,728
1,574
1,832
217
843
442
46
114
122
74
510
235
886
501
59
120
131
79
560
248
937
500
50
123
141
75
610
Harris
Harrison
Hartley
Haskell
Hays
Hemphill
Henderson
Hidalgo
Hill
Hockley
51,444
56,184
59,779
764
82
97
822
61
687
820
84
109
890
65
720
857
92
96
943
70
758
3,070
3,402
3,687
346
270
364
301
385
318
Hood
Hopkins
Houston
Howard
Hudspeth
Hunt
Hutchmson
508
413
305
463
31
924
409
547
428
297
505
28
968
441
586
428
310
518
23
Coke
Coleman
Collin
Collingsworth
Colorado
Comal
Comanche
Concho
Cooke
Coryell
Cottle
Crane
Crockett
Crosby
Culberson
Dallam
Dallas
Dawson
Deaf Smith
Delta
Freestone
Frio
Gaines
Galveston
Garza
Gillespie
Glasscock
Goliad
Gonzales
Gray
1,740
1,791
1,913
1,014
472
-5.0
6.9
6.3
-1.6
-4.2
4.3
2.7
-.9
5.4
7.5
-21.7
-3.4
20.1
10.0
3.9
6.6
-19.6
-1.1
-17.0
5.9
6.9
4.4
6.0
5.2
5.8
-.]
-15.2
2.7
7.4
-5.2
8.9
6.4
4.6
8.7
-11.9
5.9
8.9
5.3
8.3
5.7
5.5
7.1
.1
4.3
2.6
-19.2
4.7
7.1
12,628 13,341
7,600
9,308
10,741 13,020
16.627 17.549
10.279 11.894
15,951 16,473
16.734 19,854
12.502 12.626
13.082 13,689
16,747 17,261
14,134
9.757
10.396
18.316
11.707
17,455
17.036
13,690
14.414
17,898
156
244
236
34
229
47
55
15.172 15,833 16.398
15.550 16.463 17.069
11,594 12,481 12,892
13,330 13,537 14.249
12,697 14,460 14.341
11,388 15,333 12.817
14,780 15,482 16.295
20,692 22,482 24,792
13,655 15,126 15.199
12,325 13,557 14,363
63
54
205
147
139
209
68
5
105
137
18,402 19,876 20,584
13,366 14.231 15,024
22,468 23,227 25,271
14,065 15,997 14,217
12,853 13,438 14,128
15,771 17.640 19,008
11,945 12.218 12,841
8.807
8,166
9,230
12,803 13,391 14,113
11.135 12.443 12,969
14
112
4
148
160
25
208
247
162
203
17,983
14.419
14.237
14.167
10.573
14.456
15.756
21
126
135
72
250
82
33
18,678
14.793
13.905
15.650
9.765
15.012
17.212
19,246
14.742
14.448
16.102
7.927
15.818
18.409
177
136
41
May 1993 •
SURVEY OF CURRENT BUSINESS
85
Table 2.—Total Personal Income and Per Capita Personal Income by County, 1989-91—Continued
Per capita personal income 3
Total personal income
Percent
change 2
M ons of dollars
Area name
1990
1989
1991
1990-91
Inon
Jack
Jackson
28
87
179
29
92
183
31
5.6
96
202
5.0
10.7
Jasper
Jeff Davis
Jefferson
Jim Hogg
Jim Wells
Johnson
Jones
Karnes
Kaufman
Kendall
387
23
410
25
441
26
7.7
5.1
3,870
4,393
72
1,405
4,066
68
413
1,492
203
138
222
146
211
155
8.0
5.4
7.8
4.1
-4.9
771
301
829
877
344
Kenedy
Kent
Kerr
Kimble
King
Kinney
Kleberg
Knox
Lamar
Lamb
Lampasas
La Salle
Lavaca
Lee
Leon
Liberty
Limestone
Lipscomb
Live Oak
Llano
Loving
Lubbock
Lynn
McCulloch
McLennan
McMullen
Madison
Marion
Martin
Mason
Matagorda
Maverick
Medina
Menard
Midland
Milam
Mills
Mitchell
Montague
Montgomery
Moore
Morris
Motley
Nacogdoches
Navarro
Newton
Nolan
Nueces
Ochiltree
Oldham
Orange
Palo Pinto
Panola
Parker
Parmer
Pecos
Polk
Potter
Presidio
Rains
Randall
Reagan
Real
Red River
Reeves
Refugio
Roberts
Robertson
Rockwall
Runnels
Rusk
Sabme
San Augustine
San Jacinto
San Patricio
See footnotes at end of table.
63
373
c
1c
635
60
30
366
64
609
210
173
44
266
169
166
675
254
49
116
194
2
3,165
319
g
13
665
62
6
31
445
1,553
10
14
691
66
6
33
-4.7
8.3
409
74
667
229
182
47
274
182
176
731
268
57
121
204
188
51
3.5
291
195
193
784
281
57
135
218
6.3
7.4
3,378
104
5.9
1.3
4.9
-2.9
8.1
10.0
7.2
4.8
-1.1
11.6
6.7
3
3,498
9.1
-13.1
113
2,638
2,801
2,983
18
19
142
148
20
155
105
112
68
47
79
50
557
546
223
321
250
29
1,938
304
63
7.0
3.4
3.9
5.7
386
73
635
236
90
118
85
109
6.6
5.8
7.8
3.5
4.3
6.5
3.6
4.6
5.9
" 119
68
51
-13.5
.4
614
274
12.5
9.4
29
373
31
2,110
2,223
6.9
6.7
5.3
317
66
339
69
102
99
349
7.2
4.2
-3.3
96
211
2,835
223
235
3,156
3,432
5.1
8.7
244
255
276
81
162
176
186
5.9
21
22
22
7.6
673
714
549
136
227
4,318
159
48
747
580
4.6
5.6
145
7.3
231
4,618
149
51
1.6
526
127
216
3,987
128
41
1,152
328
292
986
180
150
1,244
346
296
1,046
1,369
366
306
1,097
370
212
155
400
431
1,474
52
1,577
59
1,677
63
79
80
84
1,466
1,494
1,558
56
57
30
60
28
172
140
121
16
192
497
160
615
108
91
146
688
206
163
6.9
-6.5
6.0
10.0
6.1
3.5
4.8
-3.0
5.5
7.7
6.3
5.6
4.3
4.2
5.8
Rank in
State
Dollars
1989
1990
1991
17,333
12,359
13,677
17,936
13,206
14,054
19,500
14,212
15,756
12,436 13,180 14,145
12,044 12,846 13,693
16,090 17,005 18,108
12,261 13.350 14,126
9,860 10,965 11,669
14,781 15.240 15,764
12,170 13,525 13,032
11,020 11,736 12,594
15,032 15,764 16,365
21,026 21,729 22,432
12,849
8,203
14,239
13,142
13,153
12,824
12,252
15,191
12,086
16,737
13,406
9,051
14,642
14,132
13,827
13,855
12.747
18,345
12,703
17,528
13,958
9,472
15,476
15,171
15,018
14,594
13,395
18,227
13,852
18,528
168
24G
21,523 24,514 28,630
14,301 15,138 15,577
12,330 15,472 13,323
12,505 12,819 14,029
14,048 14,771 15,623
22,324 23,460 25,478
12,948 13,582 14,149
10,471 11,229 11,910
13,727 15,890 14,216
13,454 14,809 15,134
2
91
193
164
14,967
6,198
11,917
13,071
18,270
13,172
13,978
11,775
12,149
16,029
14,816 16,156
6,846
7,129
12,707 13,266
12,769 13,776
19,755 20,357
13,812 14,837
14,527 15,072
12,767 12,669
12,938 13,587
17,140 17,774
13 643
12,211
13,423
12,462
13,247
9,392
12,958
13,734
13,763
18,092
14 265
13,331
14,587
12,978
13,709
9,971
13,711
14,812
17,548
20,910
15,162
14,130
15,228
13,615
14,588
10,825
14,108
15,556
16,829
23,007
27
234
184
96
109
102
94
106
113
131
189
36
172
31
90
3
154
226
149
108
71
195
175
15
121
111
213
180
44
641
114
673
121
98
172
825
5.0
6.3
4.5
6.0
7.5
14,112
11,322
11,308
9,160
11,697
14,638
11,911
11,754
9,842
13,072
15,327
12.525
12,494
10,276
13,859
74
36
237
53
280
1991
77
37
266
57
289
1990-91
78
.6
40
7.4
1.4
270
60
302
4.8
4.6
1989
1990
13,538
11,896
12,579
15,553
12,674
14,352 14,978
12,492 13,313
14,324 14,622
17,370 17,935
13,102 13,643
22,751
16,411
14,505
4,401
12,530
11,822
15,911
12,692
15,718
17,716
28,304
17.291
14,313
4,881
13,104
13,252
17,978
14,334
19,032
18,502
31.939
18.159
14,766
5,202
13,830
13,974
17,330
15,106
20,175
19,062
14,876
16,723
11,368
17,174
13,842
14,807
17,167
11,380
13,023
11,935
15,360
17,624
12.958
21,601
15,029
15,334
18,829
11,662
14,050
12,713
16,347
17,850
12,947
20,942
15,680
16,252
19.725
12,396
14,854
13,179
13,200
11,318
9.738
13,583
15,557
11,959
12,586
13,591
17,606
8,121
13,953
11,925
9,938
14,146
16,677
12,557
13,436
13,967
18,112
8,840
14,700
12,231
10,378
14.758
17,625
12,877
14,254
14,684
18,928
9,529
14,350
14,907
16,794
15,319
7,161
14,646
12,316
12,216
13,443
13,668
14,904
16,042
17,396
14,977
7,959
15,397
12,851
12,699
13,888
14,274
1991
66
81
92
2,462
2,625
2,792
76
173
115
17
33
55
129
77
200
117
19
36
59
154
80
221
119
21
35
66
-2.1
11.9
20,364
21,787
161
22,882
4.6
5.0
1,779
1,839
1,939
24
152
33
331
25
171
41
5.4
1.0
-.5
362
25
170
39
380
1,443
9,736
1,515
10,916
1,601
11,744
129
373
134
234
399
142
252
424
60
264
375
510
62
279
386
539
63
289
417
571
1,154
1,241
1,335
606
292
182
455
641
315
182
476
664
337
189
496
2.8
3.9
8.2
5.9
7.5
3.6
7.1
3.8
4.3
1,058
1,188
1,332
12.2
537
83
573
87
594
92
1,966
2,057
2,119
3.7
5.7
3.0
203
125
231
127
223
143
-3.4
13.0
1,864
2,072
2,257
254
99
438
384
281
299
104
110
469
403
493
424
8.9
6.4
5.0
5.1
5.1
13,387
13,866
16,086
13,230
7,032
13,884
11,497
11,112
12,816
13,201
295
65
73
133
311
69
83
137
319
76
88
3.1
2.5
9.9
6.7
13,451 15.147 15,736
16,177 17,201 17,796
7,174
7,435
8,003
6,039
6,789 7,207
22,515
17,889
4,626
24,274
19,321
4,953
25,893
20,659
5,235
6.7
6.9
5.7
13,199 14,036 14,628
13,538 14,405 15,054
12,032 12,761 13,157
53
524
804
56
549
860
58
575
914
2.6
4.7
Carbon
Daggett
Davis
Duchesne
Emery
Garfield
Grand
290
11
2,341
144
304
12
2,546
153
314
12
2,718
159
113
115
50
89
116
.6
49
82
51
1.9
5.1
11,129
14,477
11,600
14,152
15,169
12,627
11,170
10.691
12,224
12,172
Iron
Juab
Kane
Millard
Morgan
Piute
Rich
Salt Lake
San Juan
Sanpete
209
231
236
Sherman
Smith
Somervell
Starr
Stephens
Sterling
Stonewall
Sutton
Swisher
Tarrant
Taylor
Terrell
Terry
Throckmorton
Titus
Tom Green
Travis
Trinity
Tyler
Upshur
Upton
Uvalde
Val Verde
Van Zandt
Victoria
Walker
Waller
Ward
Washington
Webb
Wharton
Wheeler
Wichita
Wilbarger
Willacy
Williamson
Wilson
Wmkler
Wise
Wood
107
Yoakum
Young
Zapata
Zavala
Utah
Metropolitan portion
Nonmetropolitan portion
Beaver
Box Elder
104
Cache
179
132
233
163
92
59
7
50
1.6
San Saba
Schleicher
Scurry
Shackelford
Shelby
159
60
133
173
61
13
232
171
1990
1989
Rank in
State
Dollars
218
14.0
6.4
2.8
10.8
1.6
8.1
-3.9
5.2
5.7
7.6
6.0
7.9
6.1
1991
115
194
130
40
178
1
37
123
254
174
167
49
110
17
24
66
42
204
12
88
69
18
220
120
197
128
222
237
125
45
206
146
129
26
245
118
76
48
116
249
98
207
212
169
143
253
14,301 15,450 16,703
13,034 13,803 14,545
13,289 13,407 13.848
15,594 16,011 16,560
17,984 21,608 20,745
10,050 10,583 11,273
12,198 12,978 13,492
14,977 16,131 16,876
8,080 8,888 9,968
11,982 11,828 12,227
590
94
6
157
28
79
23,490
14,133
18,711
15,876
18,882
10,639
13,522
15,442
15,114
15,319
554
169
163
768
38
161
230
83
201
215
65
9
20,698
13,144
18,238
15,035
18,133
9,726
12,770
15,082
14,437
15,721
2.8
9.0
2.7
2.8
6.6
178
152
131
18
204
8.7
6.0
155
176
18,665
12,520
17,663
14,577
15,247
9,828
11,983
13,053
13,892
13,710
16,591 16,573 17,224
12,294 12,697 13,587
11,674 12,326 13,342
11,904 12,451 13,328
9,576 9,917
8,751
15,043 16,483 18,241
15,535 18,005 19,213
12,368 13.149 13,578
20,132 21,337 21,793
13,989 14.985 15,438
32
189
156
143
19
210
19
Percent
change 2
Millions of dollars
Area name
1991
150
84
Per capita personal income 3
Total personal income
185
57
240
223
181
190
192
242
35
22
183
11
97
101
217
218
238
171
Sevier
Summit
Tooele
Uintah
Utah
Wasatch
Washington
Wayne
Weber
Vermont
Metropolitan portion
Nonmetropolitan portion
Add iso n
Bennington
119
58
55
93
61
68
128
59
139
60
146
79
82
86
6.3
3.3
7.2
6.8
3.9
2.1
11.0
2.5
4.7
4.9
2.5
13
14
14
26
26
26
10,512
11,312
104
12,040
107
1.4
6.4
3.1
172
183
6.4
182
302
383
229
186
338
395
246
193
369
419
261
2,776
111
3,070
3,360
3.9
9.2
6.2
6.2
9.5
6.2
98
161
11,863 12,075
15,008 15.579
12,191 12,712
15,102 15,487
16,723 16,853
13,477 13,996
12,143 12,380
11,233 11,187
12,553 12.727
13,494 13,841
12
11
12,027
21,569
14,858
11,092
11,592
11.915
11,523
10.792
15,085
12,332
21,716
15,437
11,325
12,467
12,281
11,786
10.941
15,709
17
1
8
23
2,394
6.1
9,419
3,155
6,264
9,956
3,384
6,572
10,176
3,467
6,708
2.2
2.5
2.1
16,889 17,630
18,019 19,030
16,372 16,986
17,960
19,369
17,309
498
667
526
539
24
701
712
1.6
15 250 15,899
18.720 19.492
16,166
19.952
2,261
24
26
22
9.4
1.6
128
2
10
16
11,039
11,470
11,788
12,586
15.231
11.096
16,047
16,121
9,015
10,961
621
24
2,541
121
567
24
19
6
13
7
10,093 11,108
9,925 10,540
10,911 11,286
11,102 12,340
14,442 14,745
9,858 10,948
14,686 15,294
14,637 15,520
7,859 8,194
9,941 10,579
11,810
20,016
14.351
10,202
10,663
11,112
10.719
10,310
14.355
501
22
86
43
248
252
20
14
9
25
4
3
29
27
15
18
21
28
5
9
2
86 • May
SURVEY OF CURRENT BUSINESS
Table 2.—Total Personal Income and Per Capita Personal Income by County, 1989-91—Continued
Per capita personal income 3
Total personal income
Area name
Mi I ons of dollars
Percent
change 2
1990
1990-91
1989
Caledonia
Chittenden
Essex
Franklin
Grand Isle
Lamoille
Orange
Orleans
Rutland
Washington
Windham
Windsor
Virginia
Metropolitan portion
Nonmetropolrtan portion
Accomack
Amelia .
Amherst
Appomattox
Arlington
Bath
Bland
1991
377
400
413
2,496
2,682
2,743
72
568
91
313
398
313
75
604
97
338
413
333
76
622
102
350
423
342
1,030
1,076
1,100
911
725
961
954
762
994
970
778
1,005
115,544
95,519
20,025
122,260
100,992
21,269
125,896
104,072
21,825
Buckingham
Caroline
Charles City
Chesterfield
Clarke
Craig
Culpeper
Dickenson
Essex
Fauquier
Floyd
Flu van na
Franklin
Giles
Gloucester
Goochland
Grayson
Greene
Hanover
Hennco
Highland
Isle of Wight
King and Queen
King George
King William
Lancaster
Lee
Loudoun
1989
1990
1991
3.2
2.3
1.1
2.9
4.8
3.6
2.5
2.8
13,664
19,155
11,306
14,372
17,253
16 087
15,432
13,037
14,316
20,271
11,724
15,051
18,196
17,035
15,706
13,829
14,702
20.661
11.854
15,288
18,392
17218
15,999
14,102
12
1
14
11
5
8
10
13
2.3
1.6
2.1
1.1
16,711
16,689
17,597
17,880
17,262
17,328
18,266
18,342
17,625
17,652
18,824
18,509
7
6
3
4
3.0
18,879 19,679 20,046
20,289 21,050 21,448
14,179 15,029 15,283
3.0
2.6
461
136
466
139
1.0
2.3
14,026
14,644
14,538 14,548
15,436 15,452
79
60
356
179
5,056
86
367
184
5,166
89
3.1
2.7
2.2
3.2
90Q
AAO
44*1
An
9 R
c.D
9 T
tL.i
12,454 12,720
14,584 14,709
29,540 30,038
18,010 18,648
12,342 12,534
17 fi?n 17 757
I / ,OOU
101
77
2
24
OT\A
11,832
13,832
29,178
17,193
11,275
i f i fifiT
I 0,000
11,842
73
191)
81
81
158
165
449
112
170
ocu
113
3,941
4,264
4,379
264
55
461
106
215
277
57
505
110
229
283
59
522
114
240
111
146
O 10
154
159
133
143
146
1,131
1,219
1,256
167
173
541
225
447
321
195
131
172
190
583
240
475
345
204
141
177
203
611
246
494
352
206
148
1,303
4,971
. 31
1,380
5,250
1,415
5,303
422
94
223
184
232
258
34
440
97
267
193
242
274
35
460
98
281
203
248
286
2,120
2,279
2,362
.3
i^'con
1
1.0R
3.3
12,346
0 •)
•j C
0.1
.8
30
Oft
OU
13,042
96
41
4^6
17773
13183
20J81
22,702
12,918
18 044
14021
13iO67
17^998
13 379
20ii53
23,508
13,030
18 280
14518
13i435
30
93
18
9
97
26
81
91
2.0
3.1
28
67
4.7
2.6
4.2
2.2
1.0
4.9
15,325 16,477 16,559
23,795 24,786 25,347
13979 14316 14 513
14,'i32 15i226 15,'152
13,774 14,714 15,040
13,664 14,709 15,029
15,127 15,640 16,104
23,114 24,159 24,161
11,931 12,563 12,860
13,014 13,593 13,598
47
5
82
66
68
69
53
6
100
89
2.5
1.0
2.2
4.6
.6
5.3
5.2
2.5
4.5
3.7
21,103
23,213
11,531
17,075
14,778
16,768
17,018
21,312
10,403
25,423
21,609
23,948
13,039
17,484
15,494
19,594
17,607
22,186
11,225
26,154
11
7
92
33
59
19
28
10
105
4
Louisa
Lunenberg
Madison
Mathews
Mecklenburg
Middlesex
Nelson
New Kent
Northampton
Northumberland
294
131
164
143
389
149
182
206
181
174
303
138
170
155
412
155
198
220
188
190
313
138
171
160
421
162
210
227
191
194
3.2
9.9
.6
3.1
2.2
4.2
5.9
3.5
1.5
1.9
14,653 14,854
11,360 12,146
13,905 14,183
17,011 18,599
13,275 14,089
17,266 17,938
14,325 15,472
20,027 20,896
13,615 14,500
16,551 18,028
14,958
11,999
14,168
19,053
14,284
18,332
16,080
20,908
14,662
17,992
71
104
85
22
84
25
54
15
78
31
Nottoway
Orange
Page
Patrick
Powhatan
Prince Edward
Pulaski
Rappahannock
Richmond
Russell
204
356
325
251
255
196
449
131
107
348
220
378
335
263
275
222
474
135
111
372
225
383
351
269
284
230
480
139
110
384
2.5
1.5
4.7
2.1
3.4
3.3
1.2
3.0
-.8
3.0
13,574 14,641 14,902
16,863 17,531 17,388
15,116 15,388 15,969
14,326 15,049 15,363
16,981 17,782 17,679
11,292 12,826 13,077
13,039 13,740 13,965
20,003 20,335 20,974
14,678 15,204 15,142
12,019 13,025 13,296
73
36
55
61
35
95
86
14
67
94
Scott
Shenandoah
Smyth
Stafford
Surry
Sussex
Tazewell
Warren
Westmoreland
Wythe
See footnotes at end of table.
260
533
430
275
558
465
283
574
486
1,241
1,291
1,387
104
140
619
407
251
344
116
150
679
417
266
381
117
152
709
438
276
393
3.0
2.9
4.5
7.4
1.6
1.1
4.3
5.2
4.0
3.2
11,092 11,885 12,262
17,105 17,548 17,905
13,246 14,383 14,943
20,980 20,812 20,977
16,988 18797 18,931
13,663 14,612 14.806
13,309 14,836 15.161
15,853 15,843 16,218
16,427 17.080 17.378
13,532 14,935 15.288
3,411
2,381
1,881
2,494
4,079
1,473
4,501
1 699
Albemarle + Charlottesville
Alleghany, Clifton Frg. +
Covington
Augusta, Staunton + Waynesboro
Bedford + Bedford City
Campbell + Lynchburg
Carroll + Galax
Dinwiddie, Col. Hts. + Petersburg
Fairfax, Fairfax City + Falls
Church
Frederick + Winchester
Greensville + Emporia
Halifax + South Boston
Henry + Martinsville
James City + Williamsburg
Montgomery + Radford
.
Pittsylvania + Danville
Prince George + Hopewell
Pr. William, Manassas +
Manassas Park
Roanoke + Salem
Rockbridge, Buena Vista +
Lexington
Rockingham + Harrisonburg
JCA
21,598
24,057
13,427
17,877
15,513
20,067
18,117
22,635
11,715
26,398
1990
1991
1990-91
Rank in
State
Dollars
1989
1990
1991
3.1
6.6
5.3
5.4
2.7
5.4
1.7
2.5
3.5
4.1
30,812
16,035
14,184
14 774
15,523
14,083
21,993
17,472
15,683
17,146
31,976
16,775
14,388
15,260
16,017
14,480
23,610
19,238
16,862
17,578
32,409
17,271
14,975
15.784
16,811
15,243
23,883
19,501
17.310
18,085
1991
Independent Cities:
Alexandria
Chesapeake
Hampton
Newport News
Norfolk
Portsmouth
Richmond
Roanoke
Suffolk
Virginia Beach
"\A
04
Qft
yo
12,759
33
1989
102
IO,/O4
17,705
12 518
19^349
22,242
12,642
16915
13^494
1i!985
2.7
2.1
4.8
Percent
change 2
Millions of dollars
3,561
2,571
1,931
2 602
4,177
1,501
4783
1 849
3,672
2,741
2,033
2,742
4,291
1,582
4,863
1,896
1
39
70
56
42
63
8
21
38
29
813
881
911
6,557
6,978
7,264
2,067
2,178
2,219
1.9
19,208 20,048 20,303
17
343
1,496
359
1,610
369
1,623
2.8
.8
74
50
46
Combination Areas: 5
338
170
4,971
84
i n n
Area name
1991
445
128
Rntatm rrt
DOieiouri
Brunswick
Rank in
State
Dollars
Per capita personal income 3
Total personal income
103
32
72
13
23
75
65
52
37
62
Southampton + Franklin
Spotsylvania + Fredricksburg
Washington + Bristol
Wise + Norton
York + Poquoson
Washington
Metropolitan portion
Nonmetropolitan portion
Adams
Asotin
Benton
Chelan
Clallam
Clark
Columbia
Cowhtz
Douglas
Ferry
Franklin
Garfield
Grant
Grays Harbor
Island
Jefferson
King
Kitsap
Kittitas
Klickitat
I
Lewis
Lincoln
Mason
Okanogan
Pacific
Pend Oreille
Pierce
San Juan
Skagit
Skamania
Snohomish
Spokane
Stevens
Thurston
Wahkiakum
Walla Walla
Whatcom
Whitman
Yakima
.
793
861
883
2.5
1,818
398
1,152
1,885
420
1,215
1,921
433
1,247
1.9
3.2
2.7
13,574
15,414
15,605
15,964
11,956
15,314*
23,255
1,069
24,724
1 147
25,364
1 183
200
220
238
2.6
3.1
8.2
28,060 28,928 29,554
16,124 16 835 17,049
13,832 15,614 16.520
3
40
48
13,454 14,184
16 095 16 541
16,756 17,733
12,798 13.299
14,175 14,989
12,427 13,569
14,414
16,748
18,209
13,481
15,221
13,741
83
44
27
90
64
87
14,530 14,895
16,444 16,417
16,545 16,578
16,602 16750
12,613 12,902
16,092 16,330
43
99
51
487
510
520
1,175
1,210
1 225
754
832
872
1 140
1,568
1,199
1,622
1,209
1,663
629
685
692
1.9
1.2
4.9
.9
2.5
1.1
4,844
1,931
5,119
2,028
5,293
2,053
3.4
1.2
19,991
18,808
20,207 20,599
19,643 19,745
16
20
2.3
4.0
13,482
15,375
14,624
16,208
14,778
16,626
76
45
12,404 13,597 13 682
16,365 16,650 16,981
14,275 15.237 15,556
14,334 15,317 15,668
19,678 20,681 21,090
88
41
58
57
12
428
464
474
1,345
1,434
1,490
316
346
353
1,211
1,287
920
637
979
668
1,342
1,009
1,035
1,111
1,181
2.0
4.3
3.0
3.3
6.3
83,878
71,860
12,019
91,992
78,991
13,001
97,840
84,032
13,808
6.4
6.4
6.2
17,672 18,738 19,521
18,286 19,388 20,216
14,718 15,568 16,143
-2.6
15,712 17,586 16,643
14,015 14,989 15,729
15,949 17,025 18,038
15,908 16,737 17,857
15,622 16,515 16,957
16,103 16768 17,236
15,654 15,970 16,261
15,337 16,096 16,824
14,648 15.261 15,950
11,141 12,048 12,414
18
27
6
8
14
11
20
16
26
39
7.0
57
6.1
7.1
5.3
87
5.4
2.9
13,865 14,867 15,477
19,598 21.208 20.941
13,368 14.369 14,800
14,655 15,238 16,048
14,913 15,535 16,002
15,622 16,715 17,099
22,384 23,671 24,837
16,007 16,859 17,488
14,037 14,687 15,029
13,465 14,778 15,163
29
3
34
23
24
13
1
9
32
31
5.5
-.2
8.4
7.4
7.0
8.5
6.2
77
7.0
6.9
13,996
17,135
13,751
15,024
14,365
11,958
15,540
21,329
15,796
13,246
14,814 15,305
18,996 18,686
14,181 14,655
15,114 16.186
15,041 15,990
13,012 13768
16,551 17,184
22,576 23,191
16,911 17,384
13,716 14,351
30
5
35
22
25
37
12
2
10
36
7.0
7.0
7.4
8.9
3.2
5.3
6.5
3.6
8.4
17,481
15,290
12,322
16,215
14.476
14,897
14,912
13.463
14.360
18,648 19,510
16,216 16,857
12,831 13.445
17.162 17.966
15.289 15.522
15,916 16.417
16.207 16754
14.603 15.000
15.306 16.210
4
15
38
7
28
19
17
33
21
691
212
243
240
265
234
285
1,773
1,924
2,097
819
864
879
939
950
990
3,718
4,034
4,345
7.3
9.0
8.0
5.4
7.7
63
64
63
1,238
1,329
1,420
6.8
375
69
403
76
444
81
10.2
517
44
721
930
865
306
558
48
791
982
947
340
607
47
846
32,836
2,944
36,017
3,233
37,921
3,516
368
221
395
247
416
254
817
153
513
493
266
106
884
168
549
507
286
116
933
168
595
544
306
126
8,865
9,794
10,402
1,038
1,005
364
207
229
247
1,221
1,359
1,454
108
114
122
7,838
5,449
8,799
5,888
9,411
6,302
376
399
429
2,536
2,797
3,047
48
715
51
773
53
814
1,855
2,090
2,227
522
566
586
2,665
2,908
3,152
-2.2
6.4
87
-2.2
May 1993 •
SURVEY OF CURRENT BUSINESS
87
Table 2.—Total Personal Income and Per Capita Personal Income by County, 1989-91—Continued
Per capita personal income3
Total personal income
1989
West Virginia
Metropolitan portion
Nonmetropolitan portion
Barbour
Berkeley
Boone
Braxton
Brooke
Cabell
Calhoun
Clay
Doddndge
Fayette
Gilmer
Grant
Greenbner
Hampshire
Hancock
Hardy
Harrison
Jackson
Jefferson
Kanawha
Lewis
Lincoln
Logan
McDowell
Marion
Marshall
Mason
Mercer
Mineral
Mingo
Monongaha
Monroe
Morgan
Nicholas
Ohio
Pendleton
Pleasants
Pocahontas
Preston
Putnam
Perceni
change 2
M Ilions of dollars
Area name
1990
1991
1990-91
Rank in
State
Dollars
1989
1990
1991
24,564
11,506
13,058
25,808
12,038
13,770
5.1
4.6
5.5
12,723 13,722 14,315
14,325 15,396 15,970
11,581 12,523 13,126
149
748
350
152
333
153
813
378
161
358
162
878
403
165
367
1,411
1,500
1,571
67
81
66
504
70
86
71
530
74
91
73
567
5.8
8.0
6.5
2.3
2.4
4.7
5.6
5.7
2.3
6.9
9,383
12,903
13,294
11,576
12,184
14,420
8,493
8,026
9,248
10,300
9,776 10,321
13,606 14,303
14,690 15,394
12,409 12,567
13,320 13,622
15,540 16,214
8,864 9,403
8,640
9,102
10,239 10,280
11,118 11,803
47
14
8
31
22
5
53
55
48
40
73
127
429
191
562
139
943
281
487
77
145
461
203
583
151
989
297
518
82
154
492
218
597
159
3,313
3,563
3,753
6.5
6.2
6.7
7.3
2.5
5.2
5.6
4.2
2.4
5.3
9,296
12,388
12,141
11,658
15,659
12,832
13,492
10,803
13,766
15,816
10,080
13,846
13,359
12,300
16,626
13,660
14,292
11,447
14,337
17,203
10,838
14,653
14,031
12,777
16,953
14,265
14,987
11,914
14,446
17,927
42
11
17
29
3
15
9
38
13
2
186
188
522
332
747
460
275
916
321
401
198
201
570
356
807
487
304
979
345
432
209
211
602
368
847
498
313
5.5
4.7
5.7
3.2
4.9
2.3
3.0
5.4
4.4
5.5
10,655
8,847
11,951
9,073
12,885
12,237
10,881
13,989
11,978
11,756
11,545
9,387
13,297
10,230
14,148
13,061
12,087
15,103
12,922
12,848
12,160
9,803
13,961
10,632
14,738
13,466
12,467
15,908
13,442
13,477
35
52
18
44
10
25
32
6
26
24
1,043
1,146
1,217
135
151
303
862
87
92
111
281
549
146
159
318
904
96
98
116
297
599
150
169
331
924
103
105
123
309
644
6.2
2.6
5.8
4.3
2.3
7.1
7.2
6.1
3.9
7.6
13,817
10,925
12,829
11,213
16,714
10,901
12,125
12,219
9,632
12,878
15,173
11,775
13,008
11,891
17,844
11,893
13,025
12,912
10,253
13,950
15,900
12,020
13,586
12,381
18,337
12,764
13,743
13,761
10,581
14,576
7
36
23
33
1
30
21
20
46
12
12,263 13,190
11,554 12,402
10,567 11,264
9,363 9,721
8,633
9,073
9,556 10,224
11,267 12,209
11,450 12,173
9,977 10,777
10,862 11,631
13,909
13,113
11,881
10,275
9,882
10,750
12,974
12,373
11,068
11,952
19
27
39
49
51
43
28
34
41
37
9,569 10,093
13,518 14,253
8,897 9,142
15,594 16,247
10,251 10,591
50
16
1,044
309
530
1,032
360
456
955
321
109
142
123
146
88
114
230
456
1,009
1,072
345
115
147
129
154
94
119
246
483
370
121
156
140
163
100
122
255
501
6.3
7.2
5.3
6.0
8.6
5.7
6.8
2.4
3.9
3.6
Webster
Wetzel
Wirt
Wood
Wyoming
99
243
102
259
106
274
3.9
5.6
45
1,268
47
1,353
48
1,414
3.3
4.5
279
295
306
3.8
9,081
12,432
8,865
14,510
9,421
80,298
58,119
22,179
85,632
62,092
23,540
88,799
64,452
24,348
3.7
3.8
3.4
16,534 17,455 17,919
17,587 18,581 19,092
14,290 15,049 15,411
168
209
559
170
162
221
602
179
169
237
630
184
3,294
3,562
3,740
198
155
538
759
398
212
164
544
793
414
214
169
555
817
411
4.3
7.0
4.7
2.9
5.0
.9
3.0
2.1
3.1
-.5
10,853 10,295
12,853 13,550
13,837 14,722
12,159 12,770
17,111 18,230
14,589 15,638
11,904 12,483
15,686 15,842
14,548 15,115
12,583 13,057
10,517
14,517
15,289
13,025
18,837
15,775
12,799
15,905
15,423
12,810
71
48
41
63
8
33
66
30
39
65
682
194
736
207
764
214
6,733
1,083
7,359
1,168
7,750
1,199
419
578
434
440
614
458
446
674
466
1,224
1,312
1,368
54
58
59
3.9
3.3
5.3
2.6
1.3
9.8
1.6
4.3
.4
15,241 16,261
12,187 12,969
18,580 19,950
14,239 15,213
16,399 17,105
13,861 14,694
12,181 12,722
14,487 15,350
11,796 12,640
16,579
13,278
20,629
15,469
17,349
15,946
12,836
15,865
12,163
22
59
3
36
18
29
64
31
69
Adams
Ashland
Barron
Bayfield
Brown
Buffalo
Burnett
Calumet
Chippewa
Clark
Columbia
Crawford
Dane
Dodge
Door
Douglas
Dunn
Eau Claire
Florence
54
4
45
1. The personal income level shown for the United States is derived as the sum of the county estimates; it
differs from the national income and product accounts (NIPA) estimate of personal income because, by definition,
it omits the earnings of Federal civilian and military personnel stationed abroad and of U.S. residents employed
abroad temporarily by private U.S. firms. It can also differ from the NIPA estimate because of different data sources
and revision schedules.
2. Percent change was calculated from unrounded data.
3. Per capita personal income was computed using Bureau of the Census midyear population estimates. The
Forest
Grant
Green
Green Lake
Iowa
Iron
Jackson
Jefferson
Juneau
Kenosha
Kewaunee
La Crosse
Lafayette
Langlade
Lincoln
Manitowoc
Marathon
Marinette
Marquette
Milwaukee
Monroe
Oconto
Oneida
Outagamie
Ozaukee
Pepin
Pierce
Polk
Portage
Price
Racine
Richland
Rock
Rusk
St. Croix
Sauk
Sawyer
Sheboygan
Taylor
Trempealeau
Vernon
Vilas
Walworth
Washburn
Washington
Waukesha
Waupaca
Waushara
Winnebago
Wood
Shawano (incl. Menominee)
Wyoming
Metropolitan portion
Nonmetropolitan portion
Albany
Big Horn
Campbell
Carbon
Converse
Crook
Fremont
Goshen
Hot Springs
Johnson
Laramie
Lincoln
Natrona
Niobrara
Park
Platte
Sheridan
Sublette
Sweetwater
Teton
Uinta
Washakie
Weston
Percent
change 2
Millions of dollars
1989
Fond du Lac
Raleigh
Randolph
Ritchie
Roane
Summers
Taylor
Tucker
Tyler
Upshur
Wayne
Wisconsin
Metropolitan portion
Nonmetropolitan portion
Area name
1991
22,985
10,769
12,216
Per capita personal income 3
Total personal income
1,437
1990
1,52
1991
1990
1991
1991
4.0
16,012
16,859
17,383
16
101
777
557
292
314
89
230
4.4
3.2
1.2
3.8
3.1
2.0
2.3
5.0
3.1
10,244
14,229
17,381
14,522
14,323
11,426
13,537
15,534
13,259
16,771
10,979 11,283
15,271 15,811
18,114 18.115
15,036 15,457
15,099 15,441
12,071 14,266
13,584 13,730
16,440 16,700
13,984 14,381
17,452 17,560
70
32
11
37
38
52
56
21
49
14
1.4
4.0
.2
.9
4.5
4.8
3.3
3.9
4.7
3.0
15,177 15,811 15,974
15.860 16,876 17.520
15,158 15,700 15,737
13,463 13,714 13,648
13,436 14,541 14,929
14,911 15,851 16,484
15,098 16,094 16,471
13,678 14,360 14,821
13,519 13,957 14,325
17,515 18,328 18,917
28
15
34
58
44
23
24
46
51
5
3.8
2.4
6.9
4.7
3.3
.6
3.1
3.1
3.3
4.0
12,369
13,021
14,619
15.938
23,580
14,012
15,845
13,613
14,534
14,123
13,131
13,737
16,436
17,568
25,618
14,825
16,895
14,376
15,676
15,102
60
55
26
13
1
45
20
50
35
42
3.9
2.5
1.2
5.7
3.4
3.4
7.0
2.9
-.3
2.4
17,381 18,442 18,894
11,861 12,785 13,066
15,451 16,454 16,461
11,576 11,906 12,501
17,559 18,511 18,877
15,489 16,640 17,013
11,625 12,474 13,043
17,247 17,898 18,365
14,083 13,848 13,791
13,895 14,734 14,980
6
61
25
68
7
19
62
9
53
43
2.7
5.0
4.4
7.0
4.4
4.0
4.2
2.4
4.9
3.7
13,039
13,524
15,951
12,434
18,641
21,841
14,763
14,402
16,475
16,876
13,518 13,718
14,304 14,719
16,879 17,355
13,008 13,766
19,454 19,734
23,166 23,565
15,604 16,021
15,236 15,409
17,512 18,084
17,839 18,340
57
47
17
54
4
2
27
40
12
10
12,704
67
96
753
551
281
305
74
226
1,047
1,117
1,143
285
304
319
2,128
2,246
2,315
286
299
303
1,539
1,658
1,725
245
262
361
252
268
393
253
270
411
1,200
1,731
1,275
1,862
1,336
1,923
550
165
584
173
607
181
16,736
17,613
18,135
450
390
460
471
408
499
490
417
533
2,213
1,695
2,383
1,845
2,494
1,906
99
516
469
883
220
105
544
492
948
228
106
561
508
980
237
3,235
1989
1,582
90
701
524
270
288
70
224
3,026
1990-91
Rank in
State
Dollars
3,362
207
225
230
2,150
2,299
2,326
174
867
721
163
180
936
785
178
190
969
811
190
1,782
1,863
1,918
265
350
262
373
262
382
333
237
347
254
356
267
1,184
1,271
1,326
170
180
192
1,751
6,567
1,865
7,094
1,946
7,380
674
277
722
296
753
303
2,294
1,237
2,465
1,316
2,586
1,365
19.3
12,832
13,451
15,705
16.884
25,212
14,737
16,564
14,105
15,384
14,614
486
509
525
3.3
11,928
12,360
6,920
2,176
4,743
7,447
2,359
5,087
7,797
2,453
5,344
4.7
4.0
5.0
15,096
16,061
14,691
16,467 16,968
17,598 18,028
15,990 16,521
399
129
500
251
157
80
400
154
74
90
427
144
541
270
159
85
432
164
77
97
444
153
572
281
167
90
460
178
79
102
4.0
6.0
5.7
4.0
5.0
5.6
6.3
8.9
2.4
5.9
13,006
12,063
16,752
14,711
13,658
15,001
11,755
12,425
15i091
14,465
13,848
13,783
18,496
16,313
14,440
16,167
12,878
13,211
16,086
15,774
14,440
14,410
19,078
17,128
14,895
16,986
13,339
14,329
16,674
16,457
18
19
3
8
17
10
22
20
12
13
1,307
4.7
54
3.2
17,043 17,664
13,701 14,023
18,265 18,461
17,288 19,666
16,439 16,987
15,142 15,395
17,917 18,525
16,912 16,764
17 581 18 066
29,812 28,718
7
21
5
2
9
15
4
11
6
1
12,413
15441
14,949
12,963
16 382
15,070
23
14
16
161
172
181
1,008
1,111
1,146
40
362
114
395
81
626
293
43
381
122
421
81
679
335
48
396
126
437
83
722
340
11.4
3.9
3.1
3.9
2.4
64
1.5
16,023
12,546
16,105
15,526
15,591
13,630
16,635
16,235
15,827
26,617
218
120
100
232
129
97
251
136
98
8.1
56
1.3
11,599
13 995
15,146
1,168
1,248
year 1989 is revised as of January 1992 to reflect 1980 and 1990 Census population counts. The 1991 Census
county population estimates have been adjusted by BEA to be consistent with 1991 Census State population estimates released in January 1993.
4. Denali and Lake + Peninsula Boroughs, AK begin in 1991.
5. Virginia combination areas consist of one or two independent cities with populations less than 100,000 combined with an adjacent county. The county name appears first, followed by the city name(s). Separate estimates
for the jurisdictions making up the combined areas are not available.
New, Highly Detailed Data on Foreign Investment
FOREIGN DIRECT INVESTMENT IN THE UNITED STATES:
Establishment Data for 1987
This volume contains the initial results of an effort by the Bureau of Economic Analysis (BEA) and the
Bureau of the Census to expand U.S. Government data on foreign direct investment in the United States.
The volume provides information on the U.S. operations of foreign companies in much greater industry
detail, both nationally and in individual States, than has been available in the past. Over 800
4-digit Standard Industrial Classification (SIC) industries are covered. The data show the number,
employment, payroll, and shipments or sales of the establishments of U.S. affiliates and are broken down
by industry, by State, and by country of ultimate beneficial owner.
The new data in this volume were obtained by linking BEA
company-level data on foreign direct investment with Census Bureau establishment-(plant-)level data for all U.S.
companies. This initial link covered 1987 because that year
is both agencies' latest census year, when reporting is the
most complete.
The volume includes a methodology and over 650 pages of tables. Order your copy today!
These data are available on diskette. For order information, write to Bureau of Economic Analysis,
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89
SURVEY OF CURRENT BUSINESS
U.S. Affiliates of Foreign Companies:
Operations in 1991
By Steve D. Bezirganian
James L. Bomkamp
conducted the
survey from which
the estimates were
derived. David
Galler, with the
assistance of Juris
E. Abolins,
coordinated the
editing and
processing of the
forms. Angela
Roberts, Arnold
Gilbert, and D.
Richard Mauery
programmed the
tables.
HE RATE of growth in most measures of the
JL operations of U.S. affiliates of foreign companies slowed again in 1991 or turned negative,
but the share of the U.S. economy accounted for
by affiliate operations was up slightly, according
to preliminary results of BEA'S latest annual survey of foreign direct investment in the United
States (FDIUS).1
Largely reflecting a falloff in new investments,
employment growth for U.S. affiliates of foreign
companies slowed to 2 percent in 1991 from a
5-percent increase in 1990 (table 1). Sales de-
creased slightly after an 11-percent increase; the
largest sales declines were in wholesale trade and
in petroleum. The gross product of U.S. affiliates increased 6 percent after increasing 8 percent.
Net income decreased $6.2 billion—from a loss
of $4.5 billion to a loss of $10.7 billion; most
of the decrease was accounted for by petroleum
and manufacturing affiliates. In contrast, the total assets of U.S. affiliates grew faster in 1991;
the pickup, from an 8-percent increase to a 12percent increase, was partly traceable to a single
large acquisition.2
1. A U.S. affiliate is a U.S. business enterprise in which there is foreign
direct investment—that is, in which a single foreign person owns or controls, directly or indirectly, 10 percent or more of the voting securities of an
incorporated U.S. business enterprise or an equivalent interest in an unincorporated U.S. business enterprise. An affiliate is called a U.S. affiliate to denote
that it is located in the United States; in this article, "affiliate" and "U.S.
affiliate" are used interchangeably. "Person" is broadly defined to include
any individual, corporation, branch, partnership, associated group, association, estate, trust, or other organization and any government (including any
coiporation, institution, or other entity or instrumentality of a government).
2. These estimates of total assets include all assets of affiliates, irrespective
of the share of total assets that was financed by foreign direct investors. The
estimates are available only on a book-value, or historical-cost, basis.
BEA provides another direct investment measure—the foreign direct investment position in the United States—that represents the net financing of
affiliates supplied by foreign parent companies. Estimates of the position,
unlike those of assets, are valued in current-period prices, as well as at historical cost. The most recent estimates of the position are presented in "The
International Investment Position of the United States in 1991," SURVEY OF
CURRENT BUSINESS 71 (June 1992): 46-59; those estimates will be updated in
the June 1993 SURVEY.
Table 1.—Selected Data of Nonbank U.S. Affiliates of Foreign Direct Investors, 1977-91
Millions of dollars
Total
assets
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990''
199V
..
Percent change at annual
rates:
1977-89
1989-90
1990-91
* Between zero and - 0 . 5 percent.
r
Revised.
>' Preliminary.
Sales
143,488
193,991
181,187
241,543
228,556
327,870
291,339
412,390
406,985
510,218
476,439
518,087
531.738
536,640
602,522
593,571
741,077
632,983
838,039
672.004
943,654
744,617
1,200,823
886,407
1.431,315 1.056.645
1,550,238 1,175,857
1,743,762 1,174,069
21
8
12
15
11
n
Gross
product
Millions of dollars
Net
income
Employee
compensation
ExpendiReThouGross
tures for search
sands of
property,
new
and deemployplant, and plant
velopees
equipand
ment exment
equippendiment
tures
U.S. merchandise
U.S. merchandise
imports shipped to
exports shipped by
affiliates
affiliates
Total
Of
which:
To the
foreign
parent
group
Total
Of
which:
From
the foreign parent
group
35,222
42,920
55,424
70,906
98,828
103,489
111,490
128,761
134,852
142,120
157,869
191,728
226.031
243.227
258,370
3,966
4,843
7,301
8,759
11,234
3,830
5,584
9,605
5,398
2,458
7,820
12,049
9,286
-4,535
-10,743
18,781
24,225
31,686
40,047
54,798
61,487
66,807
73,155
79,933
86,492
96,009
119,588
144.158
163.592
173,911
1,218.7
1,429.9
1,753.2
2,033.9
2,416.6
2,448.1
2,546.5
2,714.3
2,862.2
2.937.9
3,224.3
3,844.2
4.511.5
4.734.5
4,809.2
66,785
80,683
101,209
127,838
187,956
225,235
244,012
269,462
295,181
320,215
353,278
418,069
489,461
578,355
634,688
7,558
9,318
11,150
16,891
26,716
28,068
23,179
25,225
28,919
28,516
33,035
44,322
55,164
69,580
67,541
933
1,230
1,584
1,946
3,110
3,744
4,164
4,738
5,240
5,804
6,521
7,834
9,465
11,522
11,772
24,858
32,169
44,341
52,199
64,066
60,236
53.854
58,186
56,401
49,560
48,091
69,541
86.316
92,308
98,369
11,691
16.570
22,073
20,983
26,911
25.024
22.577
27,072
25,900
21.873
19.109
26,425
34.276
37.764
41,587
43,896
56,567
63,039
75,803
82,259
84,290
81,464
100,489
113,331
125.732
143.537
155.533
171.847
182.936
179.694
30,878
39,466
45,295
47,010
52.196
51,915
54.802
70,451
81.740
93.418
108,201
118,362
129.926
137.458
133,096
17
8
6
7
19
13
6
12
5
2
18
18
10
18
26
_3
21
22
2
11
7
7
9
10
10
12
6
-2
13
6
-3
90
SURVEY OF CURRENT BUSINESS
• May 1993
Despite the generally slower growth in affiliate
operations in 1991 than in 1990, U.S. affiliates'
share of the U.S. economy—whether measured in
terms of gross product, employment, or assets—
was up slightly. In terms of gross product, the
affiliates' share of the gross domestic product of
all nonbank U.S. businesses rose from 5.8 percent to 6.0 percent. In terms of employment,
the affiliates' share of the employment of all nonbank U.S. businesses rose from 5.0 percent to
5.2 percent.3 In terms of assets, U.S. manufacturing affiliates' share of the book value of
all U.S.-manufacturing-business assets rose from
18.9 percent to 19.2 percent.
This article first briefly discusses several characteristics of U.S. affiliates in terms of the latest
survey results. It then discusses changes in affiliate employment, shares of the U.S. economy
accounted for by affiliates, and estimates for
majority-owned U.S. affiliates. In the discussion, information from outside sources, including
press reports on specific companies, is used to
supplement BEA'S survey data.
Characteristics of U.S. Affiliates
The overall profile of affiliate operations in 1991
was similar to that in other recent years in terms
of profitability, share of investment in "hightechnology" industries, share of U.S. merchandise
trade, and compensation per employee.
Profitability.—Profitability of U.S. affiliates—as
measured by the share of gross product accounted
for by profit-type return—continued to fall far
short of that of all U.S. businesses in 1991. By
this measure, the profitability of U.S. affiliates was
—1.1 percent in 1991, down from —0.1 percent in
1990.4 Before turning negative in 1990, the share
of profit-type return in affiliate gross product had
fallen steadily from 13 percent in 1984 to 4 percent in 1989. In comparison, the share of gross
domestic product of U.S. corporate business accounted for by corporate profits fluctuated rather
narrowly around 10 percent over the entire period
1984-91.
The lower profitability of FDIUS in recent
years may partly reflect the relative newness of
3. The comparable figures for majority-owned U.S. affiliates, which account for most U.S. affiliates, are 4.0 percent of employment of all nonbank
U.S. businesses in 1990 and 4.3 percent in 1991.
4. Table 14, at the end of the article, presents profit-type return and
other components of affiliate gross product by industry for 1990-91. This
table and tables 13.1 and 13.2, which present total gross product by industry
cross-classified by country, update tables presented in "Gross Product of U.S.
Affiliates of Foreign Direct Investors, 1987-90," SURVEY 72 (November 1992):
47-54-
much FDIUS; because of start-up and restructuring costs, new investments typically have lower
rates of return than more mature investments. In
addition, foreign investors may have been more
concerned with maximizing long-term, rather
than short-term, profits; many recent investments
consisted of acquisitions of financially distressed
U.S. companies, which foreign investors presumably hoped to restore to profitability. Finally,
foreign investors may have been more interested
in maximizing global profits rather than the profits of their U.S. operations alone; their focus on
such factors as economies of scale and the advantages of vertical integration, expansion of market
share, avoidance of tariff and nontariff barriers
to trade, and tax considerations may have held
down profits on their U.S. operations.5
Technology.—Affiliates in what might be described as "high-technology" manufacturing industries accounted for less than two-fifths of the
output of all manufacturing affiliates in 1991.
Their share, at 37 percent, was up slightly from
36 percent in 1990.6 From 1980 to 1991, the annual rate of growth in the gross product of U.S.
affiliates in "high-technology" manufacturing industries was 16 percent, considerably higher than
the 9-percent growth rate by affiliates in all other
manufacturing industries. (The difference in the
rates tended to be greater during the earlier-years
of this period.)
Merchandise trade.—In 1991, the merchandise
trade deficit of affiliates exceeded the overall U.S.
trade deficit; however, at $81.3 billion, the 1991
deficit of affiliates was in line with the levels of
recent years, and it continued to be dominated
by a deficit for wholesale trade affiliates, which
in 1991 totaled $60.1 billion.
Over the years, many foreign companies (particularly from Japan) have established wholesale
5. For analysis of these and related issues, see "Rates of Return on Direct
Investment," SURVEY OF CURRENT BUSINESS 72 (August 1992): 79-86.
6. These results, which are based on survey data at the enterprise—
or company—level, are in line with results recently published at the
establishment—or plant—level. In 1992, BEA and the Census Bureau published Foreign Direct Investment in the United States: Establishment Data for
1987 (see inside back cover for order information), which contained results
of a link between BEA'S enterprise data for affiliates and the Census Bureau's
establishment data for all U.S. companies; data in this publication showed
that foreign-owned establishments in "high-technology" industries accounted
for 29 percent of employment by all foreign-owned U.S. manufacturing establishments in 1987. Also in that year, foreign -owned establishments' share
of total U.S. employment in high-technology industries averaged 12 percent,
almost twice their 7-percent share in other manufacturing industries.
The industries were classified as "high-technology" according to the
percentage of employees engaged in research and development activities.
Summary information and analysis of the link project for 1987, including a
detailed explanation of how industries were classified as "high technology,"
appeared in "Foreign Direct Investment in the United States: Establishment
Data for 1987," SURVEY 72 (October 1992): 44-78. For further information
about ongoing link projects, see the box on page 91 of this issue.
SURVEY OF CURRENT BUSINESS
trade affiliates in the United States to handle
the distribution and marketing of their products
rather than exporting the goods directly to unaffiliated U.S. customers. This practice has been
particularly prevalent in the wholesaling of motor vehicles and electrical goods. Although the
level of exports shipped by wholesale trade affiliates has been substantial, it has been consistently
much lower than the level of imports shipped to
wholesale trade affiliates.
In considering the impact of FDIUS on merchandise trade flows, it should be noted that
some affiliates may produce goods in the United
States that otherwise would have been exported to the United States by their foreign
parent companies. The extent of such substitution of domestic (U.S.) production for imports is unknown, but it may be growing
over time: As foreign-owned businesses mature, they may tend to produce more of their
own parts and components or rely more heavily upon domestic suppliers. BEA estimates
that in 1991 roughly 85 percent of the value
of sales by U.S. affiliates was accounted for by
local content, up from roughly 81 percent in
1987.7
7. For a discussion of the methodology for using BEA'S data on the operations of U.S. affiliates to estimate the local content of U.S. affiliates' sales,
see "Gross Product of U.S. Affiliates of Foreign Companies, 1977-87," SURVEY
70 (June 1990): 52.
May 2993 •
Employee compensation.—In 1991, affiliates' compensation per employee was $36,200, 26 percent
higher than for all other nonbank U.S. businesses.
This difference is consistent with establishment,
or plant, data for earlier years, which indicated
that foreign-owned establishments tend to be
concentrated in high-wage industries to a greater
degree than other U.S. establishments.8 Variations in occupational mix, business location, and
labor market conditions may also help explain
some of the difference.
Employment in 1991
This section discusses affiliate operations in terms
of employment. Because employment is not directly affected by inflation, it probably provides a
more accurate indication of changes in the levels
and shares of real economic activity than other
available measures.
Employment by U.S. affiliates increased 75,000
in 1991, to 4,809,000, after increasing 223,000 in
8. In the BEA-Census Bureau link project for 1987 (see footnote 6),
payroll per employee for foreign-owned establishments in all industries combined was $25,100, 29 percent higher than for U.S.-owned establishments; in
manufacturing, it was $28,000, 12 percent higher than for U.S.-owned manufacturing establishments. (Large differences between payroll per employee
of foreign-owned and U.S.-owned establishments were also observed in the
results of a link between BEA and Bureau of Labor Statistics data for 1989
and 1990.) In analyzing the establishment data for 1987, which could be
disaggregated by detailed industry level to control for industry mix, roughly
two-thirds of the difference in payroll per employee in manufacturing was
found to reflect a greater concentration of foreign-owned establishments in
relatively high-wage industries.
Establishment Data for Manufacturing
Later this year, detailed establishment data on the manufacturing
operations of U.S. affiliates of foreign companies will be published
for 1989 and for 1990. The new data are the result of an ongoing
project by BEA and the Bureau of the Census to link BEA'S enterprise,
or consolidated company, data for foreign-owned U.S. companies
with the Census Bureau's establishment, or plant, data for all U.S.
companies.
The new data will update and extend the initial results of the
project, which covered all affiliates for 1987 and were published last
year in Foreign Direct Investment in the United States: Establishment
Data for 1987 (U.S. Government Printing Office, June 1992). An
article that includes summary data and analysis appeared in the
October 1992 SURVEY OF CURRENT BUSINESS. The initial data link
was for 1987 because that was a benchmark, or census, year for both
the BEA data on direct investment and the Census Bureau data on all
U.S. businesses. The 1987 data link covered establishments in all of
the major industry divisions of the Standard Industrial Classification
(sic) and were classified into over 800 individual industries.
The forthcoming publications for 1989 and 1990 will present data
on the manufacturing establishments of foreign-owned U.S. companies; the data are derived from a link to establishments covered
by the Census Bureau's Annual Survey of Manufactures (ASM). In
addition to the data items previously published for 1987 (number of
establishments, employment, payroll, and shipments or sales), the
publications will include data on most of the items covered by the
ASM, such as value added, cost of materials, production worker hours
and wages, capital expenditures, and inventories. The data will be
presented by detailed manufacturing industry (at the four-digit sic
level), by State, and by country of ultimate beneficial owner.
The establishment data from the link project complement the enterprise data for foreign-owned U.S. companies that are presented in
the accompanying article. The enterprise data are used for analyzing
the overall significance of, and trends in, foreign direct investment
and for examining issues—such as the profitability or taxation of
foreign-owned U.S. companies—for which data are available only at
the enterprise level.
The establishment data facilitate analyses of the activities and
importance of foreign-owned U.S. companies in specific, detailed industries. Whereas the enterprise data classify each company, which
may be highly diversified, in a single industry, the establishment data
permit each plant or location of a company to be classified separately. Furthermore, the level of industry classification can be much
more detailed for individual establishments than is appropriate for
consolidated enterprises, whose operations may span many narrowly
defined industries. As a result, foreign-owned establishments can be
classified into 459 manufacturing industries, whereas foreign-owned
enterprises can be classified into only 55 manufacturing industries.
91
SURVEY OF CURRENT BUSINESS
92 • May 1993
1990. The primary factor behind the slowdown
in employment growth was a drop in acquisition and establishment activity, as the weakening
U.S. economy helped make new investments less
attractive and more difficult to finance.9 Affiliates making new investments (but not also selling
or liquidating a business) added 237,000 employees, down from 482,000 added in 1990 (table 2).
The increase in employment due to expansions
of existing operations, at 97,000, was also smaller
than in 1990. These increases in employment
were largely offset by sizable decreases in employment due to sales and liquidations of businesses
(127,000) and to cutbacks in existing operations
(140,000). The decreases partly reflected foreign
companies' responses to weakened U.S. demand.
By industry
By industry of affiliate, the largest increases in
employment were in retail trade (35,000), services
(28,000), and insurance (27,000) (table 3); several
industries posted small decreases. The increase
in retail trade was more than accounted for by
9. For a more detailed discussion of new direct investment in the United
States in 1991, see "U.S. Business Enterprises Acquired or Established by
Foreign Direct Investors in 1991," SURVEY 72 (May 1992): 69-79.
Table 2.—Sources of Change in Affiliate Employment,
1989-91
[Number of employees]
Line
1
Change in total affiliate employment
2
3
4
5
6
Change in employment of large
affiliates resulting from:
New investments
Expansions of existing operations ...
Sales and liquidations of businesses
Cutbacks in existing operations
Combinations of new investments
and sales or liquidations of
businesses
7
Change not accounted for in lines
2-6
1989
1990
667,269
222,991
74,763
596,638
125,066
-123,217
-68,608
481,574
107,892
-354,130
-126,502
237,459
97,295
-127,306
-139,697
76,719
16,924
•15,182
60,671
131,081
22,194
1991
NOTE.—Lines 2-6 cover large affiliates with more than 500 employees. Coverage is limited
to large affiliates because a substantial number of small affiliates changed their organizational
structures, and in such cases, it is particularly difficult to determine the reasons for the
changes.
All of the change in an affiliate's employment is shown on one line, even if the change
was not entirely attributable to that factor, because it was impossible to disaggregate the
change in an affiliate's employment by source of change.
Employment of new affiliates was classified in "new investments" and employment of
affiliates that were liquidated or sold was classified in "sales and liquidations." For all other
affiliates, classification depended on (1) whether the affiliate's employment increased or
decreased, (2) whether the affiliate acquired another business during the year, or (3) whether
the affiliate sold a business or business segment during the year.
Line 2 equals the sum of the yearend employment of affiliates that were acquired or
established during the year plus the change in employment of existing affiliates that had an
increase in employment and had acquired another U.S. business during the year.
Line 3 equals the change in employment of affiliates that did not acquire another U.S.
business, but had an increase in employment.
Line 4 equals the employment at the end of the prior year of affiliates that were liquidated
or sold during the year plus the change in employment of affiliates that had a decline in
employment and sold a business or business segment during the year.
Line 5 equals the change in employment of affiliates that did not sell a business or
business segment, but had a decline in employment.
Line 6 equals the change in employment of affiliates that both acquired and sold a
business or business segment during the year.
Line 7 equals the change in employment of large affiliates not accounted for in lines 2-6
plus all changes in employment for affiliates with fewer than 500 employees.
the acquisition of a convenience-store chain by
two Japanese companies and by several acquisitions and expansions involving European-owned
affiliates. The increase in services was largely
due to increases by several European-owned affiliates. The increase in insurance was more than
accounted for by a French company's acquisition
of a stake in a large life insurance firm and several other acquisitions of smaller companies by
European investors.
These changes in affiliate employment are
based on data classified by industry of affiliate
(see the upper third of table 3). For this classification, an affiliate's primary industry—that is, the
industry that accounts for the largest portion of
its sales—is determined, and all data are shown
in that industry even if the affiliate also has activities in secondary industries. This classification
is used in most of the tables in this article that
present data by industry.
Sales and employment data are also classified by industry of sales (for the employment
data, see the middle third of table 3). For this
classification, an affiliate's sales and employment
in secondary industries are shown in those industries rather than in the affiliate's primary
industry.10 Data classified by industry of sales are
preferable for analyses of the various activities in
which diversified affiliates are engaged. The pattern of change in employment by industry of sales
may differ from the pattern by industry of affiliate because changes in employment in affiliates'
secondary industries may not parallel changes in
their primary industries. A change in an affiliate's industry classification may also cause these
patterns to differ; when employment is classified
by industry of affiliate, all employees are shifted
from the old to the new industry, but when it is
classified by industry of sales, changes in employment for an industry reflect only actual changes
in affiliates' employment in that industry. Both
of these factors tend to be particularly important
for years in which foreign direct investors acquire
many large, diversified U.S. firms.
10. Employment classified by industry of sales should generally approximate that classified by industry of establishment (plant), because an affiliate
that has an establishment in an industry usually also has sales in that industry. However, if one establishment of an affiliate provides all of its output to
another establishment of the affiliate, the affiliate will not have sales in the
industry of the first establishment. For example, if an affiliate operates both
a metal mine and a metal-manufacturing plant and if the entire output of the
mine is used by the manufacturing plant, all of the affiliate's sales will be in
metal manufacturing, and none in metal mining. When the mining employees are distributed by industry of sales, they are classified in manufacturing
even though the industry of the establishment is mining.
The establishment-level data discussed in footnote 6 and in the box on
page 91 show employment classified by industry of establishment, irrespective
of whether the associated output is used by other establishments within the
enterprise or is sold to outside firms or individuals.
SURVEY OF CURRENT BUSINESS
By industry of sales, the largest increases
in affiliate employment in 1991 were in services (37,000), retail trade (27,000), and insurance (23,000).
A sizable share of the increase in services reflects expansions and acquisitions by affiliates of European or Canadian
investors. The increases in retail trade and insurance largely reflect the acquisitions noted in
the discussion of employment by industry of
affiliate.
May 1993 •
By country
By country of ultimate beneficial owner (UBO),
the largest increases in employment by U.S. affiliates were attributable to UBO'S in Japan (77,000)
and France (25,000) (see the lower third of
table 3).11 For Japan, most of the increase
11. The UBO is that person, proceeding up a U.S. affiliate's ownership
chain, beginning with and including the foreign parent, that is not owned
more than 50 percent by another person. The foreign parent is the first
foreign person in the affiliate's ownership chain. Unlike the foreign parent,
Table 3.—Employment by Nonbank U.S. Affiliates, by Industry of Affiliate, by Industry of Sales, and by
Country of Ultimate Beneficial Owner, 1989-91
Thousands of employees
Percent change
Change
1989
1990'
1991 ^
All industries, all countries
1991
1990
1990
1991
4,511.5
4,734.5
4,809.2
223.0
74.8
135.8
149.4
142.0
13.5
-7.3
-5
2.138.6
251.3
437.1
280.2
511.8
658.1
2,220.7
247.3
512.5
255.5
509.1
696.4
2,214.8
241.7
497.7
267.1
501.0
707.3
82.1
-4.0
75.4
-24.8
-2.7
38.3
-5.9
-5.7
-14.8
11.7
-8.1
11.0
-2
-3
5
-2
2
398.7
803.9
94.9
111.6
38.1
460.7
329.1
429.9
744.7
53.8
133.3
43.3
570.3
389.0
429.8
780.1
58.7
159.9
41.9
597.9
384.0
31.2
-59.2
-41.1
21.7
5.2
109.6
59.8
-.1
35.4
4.9
26.5
-1.3
27.6
-5.0
5
9
20
-3
5
-1
By industry of affiliate
Petroleum
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Machinery
Other manufacturing
Wholesale trade
Retail trade
Finance, except banking
Insurance
Real estate
Services
Other industries
o
By industry of sales
126.7
131.4
128.2
4.7
-3.2
-2
1,906.6
203.4
317.6
197.3
487.5
700.8
2,024.1
206.8
332.4
213.0
488.6
783.5
2,045.8
207.9
338.1
215.7
492.1
792.0
117.5
3.4
14.7
15.7
1.1
82.6
21.7
1.1
5.8
2.7
3.5
8.6
1
1
2
1
1
1
317.8
930.4
99.8
121.5
30.7
528.5
364.4
351.0
831.2
63.1
127.2
34.2
659.8
435.0
338.2
857.8
71.5
150.2
32.6
696.9
427.4
33.2
-99.2
-36.7
5.7
3.5
131.3
70.6
-12.8
26.6
8.4
23.0
-1.6
37.1
-7.6
3
13
18
-5
6
-2
85.1
77.6
60.7
-7.5
Petroleum
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Machinery
Other manufacturing
Wholesale trade
Retail trade
Finance, except banking
Insurance
Real estate
Services
Other industries
Unspecified1
-22
By country
721.4
739.1
717.7
17.7
-21.4
2
-3
2,711.1
2,894.6
2,943.6
183.5
49.0
7
2
270.4
445.6
314.4
271.6
1,021.5
338.9
516.2
286.5
273.6
1,050.9
363.7
518.6
292.5
276.1
1,060.8
68.6
70.6
-27.9
2.1
29.4
24.8
2.4
6.0
2.5
9.9
25
16
—9
1
3
2
1
1
227.7
17.4
39.2
761.5
134.5
17.1
25.3
890.6
131.0
15.0
27.2
942.7
-93.2
-.3
-13.9
129.1
-3.5
-2.1
1.8
52.0
-41
-2
-35
17
-3
-12
7
6
155.1
528.0
33.1
166.2
629.2
33.1
154.4
706.5
32.1
11.1
101.2
.1
-11.8
77.3
-1.0
7
19
_7
12
-3
Canada
Europe
Of which:
France
Germany2
Netherlands
Switzerland
United Kingdom
Latin America and Other Western Hemisphere
Africa
Middle East
Asia and Pacific
Of which:
Australia
Japan
United States
r
Revised.
Preliminary.
* Less than 0.5 percent (±).
1. In the breakdown of employment by industry of sales, U.S. affiliates that filed long forms
in the annual surveys had to specify their eight largest sales categories, and U.S. affiliates that
r
filed short forms had to specify their three largest sales categories. Employment in all unspecified
industries combined are shown on this line.
2. The data for 1989 are only for the Federal Republic of Germany. The data for 1990-91
include data for the former German Democratic Republic (GDR). This change has no effect on
the data because there were no U.S. affiliates of the former GDR prior to 1990.
93
94
SURVEY OF CURRENT BUSINESS
1993
was accounted for by the acquisition of the
convenience-store chain and by other acquisitions. For France, the increase was more than
accounted for by the acquisition of the stake in
the large insurance company and the acquisitions
of two manufacturers of electrical equipment.
At the end of 1991, affiliates with British
had the largest employment, at 1,061,000.
Employment by affiliates with Canadian UBO'S
(718,000) was the second largest, and employment by affiliates with Japanese UBO'S (707,000)
was third. These rankings were the same as for
UBO'S
1988-90.
the UBO of an affiliate may be located in the United States. The UBO of
each U.S. affiliate is identified to ascertain the person that ultimately owns
or controls and that, therefore, ultimately derives the benefits from owning
or controlling the U.S. affiliate.
Table 4.—Employment by Nonbank U.S. Affiliates and All Nonbank U.S.
Businesses, 1990 and 1991, by Industry
Thousands of employees
U.S. affiliates1
1990
3
All industries ...
Manufacturing 4
Petroleum and coal products
Chemicals and allied products
Stone, clay, and glass products
Electric and electronic equipment
Primary metal industries
Rubber and plastics products
Instruments and related products
Food and kindred products
Machinery, except electrical
Fabricated metal products
Paper and allied products
Transportation equipment
Motor vechicles and equipment
Other
Printing and publishing
Textile mill products
Other
Apparel and other textile products
Lumber, wood, furniture, and fixtures
Other
Wholesale trade
Retail trade
Finance, except banking
Insurance
Real estate
Services6
Agriculture, forestry, and fishing ....
Mining
Construction
Transportation
Communication and public utilities .
Unspecified7
1991
All U.S.
businesses2
1990
1991
U.S. affiliates
as a percentage
of all U.S.
businesses
1990
1991
4,734
4,809 93,664 91,817
5.0
5.2
2,114
2,136 19,279
18,535
11.0
11.5
155
1,092
561
1,689
755
893
1,004
1,673
2,105
1,430
701
2,004
824
1,180
1,605
703
2,909
1,050
1,269
590
90
332
110
271
112
129
112
207
218
101
50
132
90
41
109
37
105
28
28
49
90
338
101
277
110
126
123
208
215
106
51
138
92
45
102
39
113
29
32
52
158
1,083
524
1,592
721
865
974
1,671
2,011
1,359
690
1,890
786
1,104
1,568
674
2,755
1,016
1,173
566
()
()
30.4
19.6
16.0
14.8
14.4
11.2
12.4
10.3
7.1
7.1
6.6
11.0
3.5
6.8
5.3
3.6
2.7
2.2
8.3
31.2
19.3
17.4
15.2
14.5
12.6
12.4
10.7
7.8
7.3
7.3
11.8
4.1
6.5
5.8
4.1
2.8
2.7
9.2
355
848
63
127
34
660
33
93
80
221
29
342 6,305 6,156
873 20,354 19,961
1,563 1,541
72
150 2,214 2,231
33
1,460 1,445
697 28,779 28,794
36
1,830 1,819
692
86
712
79 5,311 4,830
217 3,598 3,561
29 2,259 2,252
5.6
4.2
4.0
5.7
2.3
2.3
1.8
13.0
1.5
6.1
1.3
5.6
4.4
4.6
6.7
2.3
2.4
2.0
12.4
1.6
6.1
1.3
n.a.
n.a.
n.a.
78
61
n.a. Not applicable.
1. Classifed by industry of sales. In this table, petroleum is not shown as a separate major industry. Instead, in order to be
consistent with the all-U.S.-business data, affiliate employment in the various petroleum subindustries is distributed among the other
major industries. Thus, manufacturing includes petroleum and coal products, wholesale trade includes petroleum wholesale trade,
retail trade includes gasoline service stations, and so on.
2. Classified by industry of establishment. These data are from table 6.4C of the "National Income and Product Accounts
(NIPA) Tables" in the July 1992 SURVEY. The total is equal to employment in private industries less the employment of banks
(which is not shown separately in table 6.4C) and private households. All-U.S.-business employment totals in this table differ from
those shown in tables 5 and 6; the data in tables 5 and 6 are from BEA's Regional Economic Information System and are derived
as the sum of the State estimates. The estimates in table 5, unlike those in this table, do not exclude bank employment. The
estimates in both tables 5 and 6, unlike those in this table, exclude U.S. residents temporarily employed abroad by U.S.
businesses. They may also differ from the NIPA estimates in this table because of different data sources and revision schedules.
3. For consistency with the coverage of the all-U.S.-business employment data, U.S. affiliate employment in Puerto Rico, in
"other U.S. areas," and in the "foreign" category was excluded from the U.S. affiliate employment total when the percentage
shares on this line were computed.
4. Total affiliate manufacturing employment and the shares of all-U.S.-business manufacturing employment accounted for by
affiliates shown in this table differ from those shown in table 6. In this table, employment is classified by industry of sales, and the
total for manufacturing includes some nonmanufacturing employees (see footnote 11 to the text), whereas in table 6, affiliate
manufacturing employment consists only of employees on the payroll of manufacturing plants. Data on the latter basis are not
available for the subindustries within manufacturing shown in this table.
5. The affiliate and all-U.S.-business employment data in petroleum and coal products are not comparable and, hence, are not
shown here, because affiliate employment in this industry includes a substantial number of nonmanufacturing employees. When a
rough adjustment is made to remove the nonmanufacturing employees from the affiliate data, the affiliate share of all-U.S.-business
employment in petroleum and coal products is about 39 percent in 1990 and about 40 percent 1991.
6. Excludes private households.
7. See footnote 1 to table 3.
By State
By State, the largest increases in affiliate employment were in New York (14,000) and Texas
(10,000); a few States had small decreases. In
manufacturing, many States had small increases
in affiliate employment; the largest decreases were
in Indiana and California (9,000 each).
At the end of 1991, the level of U.S. affiliate
employment was highest in California (555,000),
followed by New York (362,000) and Texas
(310,000). In manufacturing, the level of employment was highest in California (207,000),
followed by Ohio (128,000) and Illinois (119,000).
Share of the U.S. Economy
Two measures—employment and total assets—
are used in this section to gauge the share of the
U.S. economy accounted for by U.S. affiliates. In
terms of employment, the size of affiliates is compared with that of all U.S. businesses by industry
and by State. The comparisons by industry use
affiliate employment data classified by industry of
sales because these data correspond most closely
to the data classified by industry of establishment
that are used for all-U.S.-business employment.
In terms of total assets, the comparison is
restricted to manufacturing because comparable
data classified by industry of enterprise for both
U.S. affiliates and all U.S. businesses are available
only for manufacturing.
In terms of employment
In 1991, nonbank U.S. affiliates of foreign companies accounted for 5.2 percent of employment by
all nonbank U.S. businesses, up slightly from 5.0
percent in 1990 (table 4). Much of the increase
in share reflected a decrease in employment by
all nonbank U.S. businesses.
By major industry, affiliate shares of employment were highest in mining (12.4 percent) and
manufacturing (11.5 percent); the share was lowest in communication and public utilities (1.3
percent). Within manufacturing, affiliate shares
were highest in petroleum and coal products (39.7
SURVEY OF CURRENT BUSINESS
percent) and in chemicals and allied products
(31.2 percent).12
The largest increases in affiliate shares were
in electric and electronic equipment and in instruments and related products. In electric and
electronic equipment, the increase primarily reflected a drop in overall employment in that
industry; for affiliates, employment reductions by
existing affiliates were more than offset by increases due to acquisitions, several of the largest
of which were made by French companies. In instruments and related products, the increase was
accounted for by an increase in affiliate employment, due largely to recent acquisitions, together
with a decrease in overall employment in that
industry.
By State, the largest increase in the affiliate
share was in New Hampshire (up 0.9 percentage point, to 6.7 percent) (table 5); the increase
was accounted for by acquisitions, combined with
a decrease in total employment in that State.
For manufacturing, the largest increases were in
Nevada (up 2.6 percentage points, to 11.8 percent), Delaware (up 2.3 percentage points, to
20.6 percent), and West Virginia (up 1.8 percentage points, to 21.6 percent) (table 6). In
Nevada, most of the increased share was accounted for by acquisitions. In both Delaware
and West Virginia, the increased shares reflected
new investments combined with decreases in
manufacturing employment in those States.
At the end of 1991, the affiliate share of total
employment was highest in Delaware (13.7 percent), followed by Hawaii (12.1 percent). A large
portion of the share in Delaware reflects the em12. In table 4, in order to make the affiliate data as consistent as possible with the all-U.S.-business data, petroleum is not shown as a separate
major industry, as it normally is in direct investment statistics. Instead,
the various petroleum subindustries are distributed among the other major industries. Thus, petroleum extraction is included in mining; petroleum
refining, in manufacturing; gasoline service stations, in retail trade; and so
on. However, for integrated petroleum companies whose operations include
several phases of the industry—such as extraction, refining, and marketing—
all employees involved in these operations are included in petroleum and
coal products manufacturing when employment is classified by industry of
sales (see footnote 10). Such companies may sell some crude petroleum to
outsiders, but the employment associated with these sales cannot be separately identified and included in mining. In contrast, in the all-U.S.-business
data, which are classified by industry of establishment, the employment of
integrated companies is distributed among the activities of the companies'
individual establishments, and only employees in manufacturing are included
in petroleum and coal products manufacturing. Thus, if the affiliate share
of employment in petroleum and coal products were calculated from the
data shown in table 4, it would be significantly overstated because affiliate
employment in- this industry includes a substantial number of nonmanufacturing employees. The share cited in the text includes a rough adjustment to
exclude these employees.
This adjustment also slightly reduces the affiliate share of total U.S. manufacturing employment, to 11.4 percent in 1991. As part of the adjustment,
the employees subtracted from petroleum and coal products should be added
to other petroleum-related subindustries. It is likely that most of these employees would be added to retail trade (gasoline service stations) or mining
(oil and gas extraction); however, information on the number of employees
that should be added to each industry is not available.
ployment of a large minority-owned affiliate. The
affiliate share of manufacturing employment was
highest in West Virginia (21.6 percent); a sizable portion of this share reflects the employment
of several affiliates with European or Canadian
UBO'S.
In terms of assets
In manufacturing, U.S. affiliates' share of the
book value of total assets of all U.S. manufacturing businesses increased to 19.2 percent in
1991 from 18.9 percent in 1990 (table 7).13 In
both years, affiliates' shares of manufacturing assets were substantially higher than their shares
of manufacturing employment; two factors account for most of the difference. First, affiliates
are more concentrated than other U.S. businesses
in capital-intensive industries, such as chemicals and allied products and petroleum and coal
products, that have relatively low employmentto-assets ratios. Second, most of the growth
in affiliate operations in recent years has been
through acquisitions, and a company's assets are
often revalued in an acquisition to reflect the
new, usually higher, value implicit in the acquisition price; consequently, the portion of assets
that has been recently revalued is probably higher
for affiliates than for all U.S. businesses.14
The largest increase in affiliate asset shares in
manufacturing was in primary metals and reflected several acquisitions of large firms. The
largest decrease in affiliate asset shares in manufacturing was in rubber and plastics products;
it reflected an increase in overall assets, combined with a decrease in affiliates' assets, in that
industry.
13. U.S. affiliates' shares of assets cover only manufacturing because comparable data on assets of U.S. businesses in other industries are not available.
For the same reason, U.S. affiliates' shares of sales (which are also shown in
table 7 but which are not discussed here) cover only manufacturing. AllU.S.-manufacturing-business assets and sales are from the Census Bureau's
Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations (QFR). Comparisons for mining and trade are not appropriate, because
the QFR data for these industries cover only corporations with assets over $50
million. The exclusion of unincorporated businesses and small corporations
from the QFR mining and trade data means that a significant portion of the
all-U.S.-business activity in these industries is missing.
14. Comparisons based on sales, unlike those based on assets, are not
distorted by differences in valuation, because sales are generally valued at
current prices.
A comparison of affiliates' share of all-U.S.-manufacturing sales with their
share of all-U.S.-manufacturing assets may indicate the importance of differences in valuation. U.S. affiliates' share of total sales in 1991 was 16.8
percent—lower than their 19.2-percent share of total assets but higher than
their 11.5-percent share of employment. These percentages suggest that some
of the difference between the asset- and employment-based shares may be
due to differences in asset valuation.
May 1993 •
()6 • May 1993
SURVEY OF CURRENT BUSINESS
Table 5.—Employment by Nonbank U.S. Affiliates and All U.S. Businesses, 1990 and 1991, by State
[Thousands of employees]
1991
1990
U.S.
affiliates
Total 2
All U.S.
businesses*
U.S. affiliates as
a percentage of
all U.S.
businesses
U.S.
affiliates
All U.S.
businesses!
U.S. affiliates as
a percentage of
all U.S.
businesses
4,734.5
95,411.0
4.9
4,809.2
93,497.0
5.1
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
280.6
75.9
26.6
131.2
25.9
13.3
7.7
5,680.0
1,464.8
456.6
2,685.9
448.4
403.0
221.3
4.9
5.2
5.8
4.9
5.8
3.3
3.5
284.4
79.7
26.6
129.2
28.2
13.6
7.2
5,367.1
1,388.5
434.2
2,530.8
423.5
377.7
212.4
5.3
5.7
6.1
5.1
6.7
3.6
3.4
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
930.2
43.1
11.4
79.6
227.0
347.5
221.6
17,343.8
311.1
431.8
1,827.1
3,157.4
7,012.0
4,604.3
5.4
13.8
2.6
4.4
7.2
5.0
4.8
938.5
41.6
11.3
76.6
228.0
361.8
219.2
16,708.7
304.2
416.3
1,751.3
3,003.5
6,709.1
4,524.4
5.6
13.7
2.7
4.4
7.6
5.4
4.8
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
812.9
245.8
126.9
139.6
219.1
81.4
16,655.1
4,670.4
2,212.4
3,456.7
4,291.0
2,024.6
4.9
5.3
5.7
4.0
5.1
4.0
813.7
248.0
123.2
139.2
220.1
83.2
16,435.9
4,606.3
2,198.2
3,377.2
4,219.0
2,035.2
5.0
5.4
5.6
4.1
5.2
4.1
Plains
248.5
32.8
29.6
89.8
73.7
14.9
3.1
4.5
6,975.5
1,057.7
920.6
1,871.2
2,051.9
626.8
211.0
236.4
3.6
3.1
3.2
4.8
3.6
2.4
1.5
1.9
262.0
32.7
33.2
93.8
77.2
16.8
3.4
4.9
6,962.8
1,064.8
923.7
1,875.9
2,008.7
630.6
215.7
243.4
3.8
3.1
3.6
5.0
3.8
2.7
1.6
2.0
1,153.3
55.7
29.2
205.7
161.0
65.7
61.4
23.6
181.0
104.7
116.9
113.3
34.9
21,649.9
1,361.4
801.8
4,767.6
2,550.9
1,255.0
1,311.3
763.6
2,724.3
1,306.3
1,908.6
2,392.9
506.2
5.3
4.1
3.6
4.3
6.3
5.2
4.7
3.1
6.6
8.0
6.1
4.7
6.9
1,175.8
62.0
30.1
211.3
159.9
69.6
61.9
23.8
179.6
105.7
119.6
117.6
34.7
21,321.3
1,363.1
807.2
4,660.3
2,485.9
1,246.2
1,325.9
764.2
2,675.3
1,271.7
1,893.6
2,322.6
505.3
5.5
4.5
3.7
4.5
6.4
5.6
4.7
3.1
6.7
8.3
6.3
5.1
6.9
417.6
57.1
17.4
43.6
299.5
8,741.7
1,291.0
450.9
968.8
6,031.1
4.8
4.4
3.9
4.5
5.0
423.7
56.2
14.8
43.2
309.5
8,798.0
1,283.1
454.5
975.9
6,084.5
4.8
4.4
3.3
4.4
5.1
99.8
56.3
11.7
5.1
21.0
5.8
2,637.8
1,306.1
331.5
243.6
604.6
152.1
3.8
4.3
3.5
2.1
3.5
3.8
108.1
60.9
12.6
5.8
23.4
5.5
2,690.2
1,320.6
341.1
249.6
623.2
155.7
4.0
4.6
3.7
2.3
3.7
3.5
695.2
555.9
22.7
39.1
77.5
15,105.2
11,589.0
570.6
1,076.3
1,869.3
4.6
4.8
4.0
3.6
4.1
702.9
555.0
24.6
41.9
81.4
14,579.7
11,059.1
572.0
1,070.4
1,878.1
4.8
5.0
4.3
3.9
4.3
13.2
53.0
16.1
9.0
5.0
170.9
451.1
n.a.
n.a.
n.a.
7.7
11.8
n.a.
n.a.
n.a.
13.3
55.6
17.5
9.4
4.3
175.6
457.7
n.a.
7.5
12.1
n.a.
n.a.
n.a.
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
Southwest
Arizona
New Mexico
Oklahoma
Texas
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
Far West
California
Nevada
Oregon
Washington
Alaska
Hawaii
Puerto Rico
Other U.S. areas3
Foreign4
n.a. Not available.
1. The data on employment of all U.S. businesses are from BEA's Regional Economic Information System. The totals are equal to employment in private industries less employment of private
households. The all-U.S.-business employment totals shown in this table differ slightly from those
shown in table 4. which are from table 6.4C of the "National Income and Product Accounts (NIPA)
Tables" in the July 1992 SURVEY. The all-U.S. employment data in this table are derived as the
sum of the State estimates. They differ from the NIPA estimates of employment because they
include banking and, by definition, they exclude U.S. residents temporarily employed abroad by
n.a.
n.a.
U.S. businesses. They also may differ from the NIPA estimates because of different data sources
and revision schedules.
2. For consistency with the coverage of the all-U.S.-business employment data. U.S. affiliate
employment in Puerto Rico, in "other U.S. areas." and in "foreign" was excluded from the U.S.
affiliate employment total when the percentage shares on this line were computed.
3. Consists of the U.S. Virgin Islands, Guam. American Samoa. U.S. offshore oil and gas sites,
and all other outlying U.S. areas.
4. Consists of employees of U.S. affiliates working abroad.
SURVEY OF CURRENT BUSINESS
May 1993 •
Table 6.—Manufacturing Employment by Nonbank U.S. Affiliates and All U.S. Businesses, 1990 and 1991,
by State
[Thousands of employees]
1991
1990
U.S.
affiliates
Total 2 3
All U.S.
businesses'
U.S. affiliates as
a percentage of
all U.S.
businesses
U.S.
affiliates
All U.S.
businesses'
U.S. affiliates as
a percentage of
all U.S.
businesses
2,025.9
19,271.0
10.4
2,024.4
18,535.0
10.8
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
112.7
30.5
1,223.4
343.0
102.8
523.0
106.2
101.6
46.8
9.2
8.9
7.5
115.5
32.5
10.1
10.0
10.1
10.7
54.1
11.6
6.7
7.4
6.2
3.4
1,144.2
324.0
96.1
486.9
99.2
93.5
44.5
Mideast
Delaware
355.5
13.2
11.6
18.2
346.3
14.4
12.0
20.6
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
31.8
97.1
101.3
111.3
3,060.2
72.2
15.9
207.5
598.6
1,140.6
1,025.5
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
448.2
116.3
87.9
72.3
124.9
46.7
4,247.3
986.6
639.8
945.3
1,114.0
561.6
10.6
11.8
13.7
Plains
109.7
20.6
11.4
33.1
33.5
7.4
1.1
2.6
1,418.2
237.5
186.3
401.6
439.7
101.1
17.5
34.6
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
557.2
32.9
17.8
48.1
71.7
43.7
20.9
15.6
106.5
64.0
68.5
50.2
17.4
Southwest
Arizona
New Mexico
Oklahoma
Texas
140.9
12.1
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
Far West
California
Nevada
Oregon
Washington
Alaska
Hawaii
Puerto Rico
Other U.S. areas4
Foreign5
7.7
52.8
11.4
6.8
3.5
.8
3.2
16.9
108.7
27.1
12.9
4.5
1.4
7.5
.9
255.5
215.4
2.4
14.5
23.2
3.9
2.9
9.7
2.0
.7
n.a. Not available.
1. The data on the manufacturing employment of all nonbank U.S. businesses are from BEA's
Regional Economic Information System. The all-U.S.-business manufacturing totals shown in this
table differ slightly from the NIPA estimates for manufacturing shown in table 4 (see footnote 2
to table 4). The all-U.S.-business employment data in this table are derived as the sum of the
State estimates. They differ from the NIPA estimates of employment because, by definition, they
exclude U.S. residents temporarily employed abroad by U.S. businesses. They also may differ
from the NIPA estimates because of different data sources and revision schedules.
7.7
8.0
11.1
11.7
6.6
7.6
5.0
.5
15.3
16.2
29.5
93.0
99.0
109.8
2,891.7
70.1
15.0
194.5
560.0
1,068.0
984.0
443.4
118.5
78.9
70.9
128.2
46.8
4,099.3
951.4
621.3
902.5
1,073.5
550.7
10.8
12.5
12.7
7.7
8.7
6.1
8.2
7.6
7.3
6.5
7.5
116.3
19.4
13.5
35.0
35.6
8.8
1.4
2.6
1,390.9
234.1
185.4
398.3
419.5
100.4
18.1
35.2
8.4
8.3
7.3
8.8
8.5
8.7
7.8
7.3
4,715.5
387.7
233.7
523.5
561.6
287.9
184.3
247.6
864.0
385.0
522.0
430.2
88.0
11.8
565.9
34.8
17.9
48.1
73.2
46.5
23.1
14.9
107.3
63.4
70.6
48.1
18.1
4,582.4
382.9
234.5
496.6
543.0
282.0
187.4
249.0
830.4
372.2
505.7
414.9
83.9
12.4
1,397.6
187.1
43.8
169.1
997.5
10.1
142.9
12.2
10.4
10.0
10.9
17.1
110.3
1,377.3
177.4
42.0
169.6
988.3
396.3
193.5
63.5
22.5
107.3
6.8
6.6
7.0
6.1
7.0
9.0
26.4
12.1
388.2
186.1
63.8
21.9
106.9
6.8
6.5
7.9
5.9
6.6
9.0
9.2
248.3
206.6
9.5
2,773.9
2,152.5
26.5
223.3
371.6
17.4
21.3
n.a.
n.a.
n.a.
8.9
10.9
7.6
11.2
8.3
8.5
7.6
9.2
12.8
15.2
11.3
6.3
12.3
16.6
13.1
11.7
19.7
6.5
7.4
10.0
9.2
6.5
6.2
22.6
13.5
n.a.
n.a.
n.a.
3.2
5.1
1.3
7.0
.8
3.1
15.4
23.3
3.2
2.8
10.1
2.2
1.2
9.4
2,622.2
2,027.5
26.2
215.2
353.4
18.1
20.6
n.a.
n.a.
n.a.
3.3
15.2
16.6
9.3
11.2
7.9
11.9
8.5
9.1
7.6
9.7
13.5
16.5
12.3
6.0
12.9
17.0
14.0
11.6
21.6
6.9
7.6
10.1
11.2
9.5
10.2
11.8
7.1
6.6
17.6
13.6
n.a.
n.a.
n.a.
2. Total affiliate manufacturing employment and the shares of all-U.S.-business manufacturing
employment accounted for by affiliates in this table differ from those shown in table 4 (see footnote 4 to table 4).
3. For consistency with the coverage of the all-U.S.-business employment data. U.S. affiliate
employment in Puerto Rico, in "other U.S. areas," and in "foreign" was excluded from the U.S.
affiliate employment total when the percentage shares on this line were computed.
4. See footnote 3 to table 5.
5. See footnote 4 to table 5.
97
•
SURVEY OF CURRENT BUSINESS
May 1993
Majority-Owned U.S. Affiliates
discussed, but they tend to be similar to those of
assets and employment.
In 1991, MOUSA'S accounted for 80 percent of
the total assets and 82 percent of the employment of all nonbank U.S. affiliates. Their shares
of assets and of employment were high in most
industries. By major industry, their shares were
highest in wholesale trade (96 percent of assets
and 93 percent of employment) and lowest in
"other industries."
In manufacturing, MOUSA'S accounted for 82
percent of the assets and 84 percent of the employment of all U.S. manufacturing affiliates. The
shares were highest in food and kindred products (98 percent of assets and 99 percent of
employment) and lowest in primary and fabricated metals (65 percent of assets and 67 percent
of employment).
By area, the asset share for MOUSA'S was highest for affiliates with UBO'S in Asia and Pacific (86
percent), and the employment share was highest
The estimates presented thus far have covered the
operations of all U.S. nonbank affiliates—that is,
all U.S. nonbank companies that are owned 10
percent or more by a foreign direct investor. This
section covers only the estimates for nonbank
majority-owned U.S. affiliates (MOUSA'S), which
are affiliates that are owned more than 50 percent
by foreign direct investors.
Table 8 shows estimates of selected items—
total assets, employment, sales, and gross property, plant, and equipment—for MOUSA'S and
gives their shares of the affiliate totals for these
items. Most of the MOUSA shares are high because
most U.S. affiliates are majority owned.
The following discussion covers MOUSA shares
of total assets and employment of all nonbank
affiliates by industry, by area, and by country.
The distributions of MOUSA shares of sales and
of gross property, plant, and equipment are not
Table 7.—Total Assets and Sales of U.S. Affiliates and All U.S. Businesses in Manufacturing, 1990 and 1991
Millions of dollars
U.S. affiliates
1990
All U.S. businesses
1991
1991
1990
U.S. affiliates as a
percentage of all U.S.
businesses
1990
1991
Total assets
Manufacturing
Stone, clay, and glass products ...
Chemicals and allied products
Primary metal industries
Rubber and plastics products
Electric and electronic equipment .
Petroleum and coal products
Fabricated metal products
Printing and publishing
Food and kindred products2
Instruments and related products .
Machinery, except electrical
Textile mill products
Paper and allied products
Transportation equipment
Other
497,347
516,671
25,154
137,803
29,612
18,643
41,181
68,269
17,924
26,509
25,835
144,412
33,210
17,818
44,331
68,080
17,721
25,422
(D)
15,917
35,096
3,827
10,245
16,443
n
13,333
33,760
3,474
9,951
15,453
n
Manufacturing
Stone, clay, and glass products ...
Chemicals and allied products
Primary metal industries
Rubber and plastics products
Electric and electronic equipment .
Petroleum and coal products
Fabricated metal products
Printing and publishing
Food and kindred products2
Instruments and related products .
Machinery, except electrical
Textile mill products
Paper and allied products
Transportation equipment
Other
a
2,688,422
18.9
19.2
59,414
325,370
101,707
56,305
204,294
339,451
59,174
357,665
105,558
61,884
211,567
327,961
94,936
159,752
319,782
117,939
268,912
40,744
130,748
337,038
94,761
42.3
42.4
29.1
33.1
20.2
20.1
19.0
17.0
(D)
11.6
12.6
8.4
8.5
4.7
43.7
40.4
31.5
28.8
21.0
20.8
18.7
15.9
94,213
155,635
314,925
114,718
267,534
41,147
117,335
328,951
108,459
n
n
13.5
13.1
9.4
7.8
4.9
n
Sales
468,222
463,116
2,810,736
2,761,071
16.7
16.8
17,861
110,451
32,295
16,782
43,284
71,810
18,519
17,243
16,825
111,268
31,830
15,171
45,575
63,179
18,470
16,828
(D)
55,662
287,568
120,547
76,691
216,031
318,490
135,935
143,484
397,452
102,755
255,453
54,696
115,523
352,872
177,577
51,075
297,841
114,834
81,338
220,145
282,244
127,223
145,745
408.858
102,167
249,480
55,721
122,969
340,721
160,710
32.1
38.4
26.8
21.9
20.0
22.5
13.6
12.0
32.9
37.4
27.7
18.7
20.7
22.4
14.5
11.5
(D)
10,812
36,739
3,265
9,275
19,881
Suppressed to avoid disclosure of data of individual companies.
1. The U.S.-affiliate and all-U.S.-business data are classified by industry of enterprise. In this
table, unlike most other tables on direct investment published here and elsewhere, petroleum and
coal products is included in manufacturing in order to be consistent with the all-U.S.-business
data.
2,629,458
14,232
35,291
3,572
9,736
20,953
D
2. Includes tobacco manufacturing.
n
10.5
14.4
6.0
8.0
5.6
n
n
13.9
14.1
6.4
7.9
6.1
n
NOTE.—Total assets and sales of all U.S. businesses cover U.S. corporations and are from
various issues of the Quarterly Financial Report for Manufacturing. Mining, and Trade Corporations
published by the Census Bureau.
SURVEY OF CURRENT BUSINESS
for affiliates with UBO'S in Europe (86 percent).
The MOUSA shares of both assets and employment were lowest for UBO'S in the United States.15
By country, MOUSA'S with UBO'S in Switzerland
had particularly high shares of both assets (97
percent) and employment (94 percent).
The preceding section of this article discussed the shares of all-U.S.-business employment and assets accounted for by all nonbank U.S. affiliates—both majority and minority
owned. When only MOUSA'S are used in the
calculation of these shares, the affiliate share of
all-U.S.-business employment in 1991 was 4.3 percent (compared with 5.2 percent for all affiliates),
and the share of all-U.S.-business assets in man15. The definition of direct investment is based on whether a U.S. company has a foreign parent rather than on the location of the UBO. Thus, while
all U.S. affiliates have a foreign parent, some may have a UBO that is located
in the United States.
May 1993
•
99
ufacturing was 16.0 percent (compared with 19.2
percent). In 1990, the MOUSA shares were 4.0
percent of employment and 15.7 percent of assets.
Tables 9.1 through 15.2 follow. BS
Data Availability
Estimates of U.S. affiliate operations in 1977-91 are
available on computer diskettes; these estimates are
comparable with those in this article but are presented
in greater detail. For information about purchasing the
diskettes, call (202) 523-6545. The estimates for 197789 are also available in a series of annual publications;
for order information, call (202) 523-0777. Publications
presenting the revised estimates for 1990 and the preliminary estimates for 1991 will be available later this
summer; their availability will be announced on the
inside back cover of the SURVEY.
Table 8.—Selected Data of Nonbank Majority-Owned U.S. Affiliates, by Industry of Affiliate and by Country of Ultimate Beneficial
Owner, 1990 and 1991
1990"
Majority-owned affiliates as a percentage of all nonbank affiliates
Millions of dollars
All industries, all countries
1991*
Thousands of
employees
Total
assets
Gross
property,
plant,
and
equipment
Sales
1,269,876
438,182
995,013
3,842
Total
assets
Gross
property.
plant,
and
equipment
Sales
82
76
85
Employment
Majority-owned affiliates as a percentage of all nonbank affiliates
Millions of dollars
Total
assets
Gross
property,
plant,
and
equipment
Thousands of
employees
Sales
81 1,391,393 486,481 1,001,286
Totaf
assets
3,944
Gross
property.
plant,
and
equipment
77
Sales
85
Employment
82
By industry
87,819
88,782
101,776
133
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Machinery
Other manufacturing
343,345
44,208
(D)
31,593
64,032
158,487
16,174
(D)
17,345
23,246
322,011
45,182
81,660
34,923
69,481
90,764
1,833
241
380
177
440
595
Wholesale trade
Retail trade
Finance, except banking
Insurance
Real estate
Services
Other industries
151,933
40,841
287,957
(D)
90,586
75,411
35,165
18,676
3,010
354,240
63,517
25,178
(D)
14,035
32,880
)
396
637
34
102
30
464
213
561
Petroleum
D
D
(D)
68,224
31,238
(D)
D
89
90,119
92,567
127
366,915 178,696
46,983 17,952
105,549
(D)
32,868 19,421
70,582 26,517
110,934
D
334,845
46,507
84,924
34,060
72,851
96,502
1,865
238
375
178
448
625
84
99
75
67
166,426
44,823
325,993
(D)
94,029
78,260
42,102
22,057
3,919
(D)
72,125
35,700
338,853
71,443
25,678
(D)
12,968
34,563
401
663
37
(D)
34
479
93
85
63
(D)
80
80
181,011
87,512
D
By country
Canada ....
170,801
55,150
91,413
Europe
Of which:
France
Germany
Netherlands
Switzerland
United Kingdom
660,132
261,368
529,959
2,495
71,646
90,344
85,236
111,025
236,466
30,964
35,052
54,434
20,388
96,047
68,783
93,223
68,497
58,877
178,247
304
409
261
255
954
22,829
2,491
(D)
393,796
12,349
1,531
(D)
96,619
30,255
1,393
104
6
16
647
60
(D)
87
496
12
85
Latin America and Other Western
Hemisphere
Africa
Middle East
Asia and Pacific
Of which:
Australia
Japan
United States
r
32,006
334,963
11,317
75,847
Revised.
p Preliminary.
0
Suppressed to avoid disclosure of data of individual companies.
D
n
329,773
19,086
290,840
D
75
52
72
76
56,656
89,602
557
720,688 287,647
537,240
2,537
86
33,861
44,362
57,103
22,353
102,817
68,864
97,286
69,621
60,065
175,809
306
421
268
260
958
84
81
92
94
90
24,668 14,007
1,864
2,852
(D)
(D)
443,338 114,428
27,667
1,838
(D)
333,025
106
9
19
702
nn86
62
81
57
71
74
31,819
382,677
19,316
293,076
73
566
14
67
88
47
80
44
()
109,333
(D)
112,800
249,654
n
()
72
10,010
93,397
53
n
78
100 • May
SURVEY OF CURRENT BUSINESS
Table 9.1.-Selected Data of Nonbank U.S. Affiliates, by Industry of Affiliate, 1990
Millions of dollars
Total
assets
Sales
Gross
product
Millions of dollars
Net
income
Employee
compensation
Thousands
of
employees
Gross property, plant,
and equipment
Of which:
Total
Commercial
property
Expendinew plant
and
equitment
U S merchandise
exports
shipped
by affiliates
U.S. merimports
shipped to
affiliates
1,550,238
1,175,857
243,227
-4,535
163,592
4,734.5
578,355
146,520
69,580
92,308
182,936
Petroleum
Petroleum and coal products manufacturing
Other
101,179
68,269
32,910
117,537
71,810
45,727
26,712
20,461
6,252
2,811
2,496
315
6,457
4,481
1,976
149.4
105.2
44.2
102,186
75,940
26,247
5,190
3,970
1,221
7,058
5,017
2,041
2,891
1,367
1,525
18,637
9,703
8,934
Manufacturing
429,079
396,412
119,704
-31
88,730
2,220.7
223,889
8,860
27,869
36,069
47,171
45,987
18,159
27,828
47 070
89
372
7290
2^046
5,244
247 3
55.7
191.6
16,628
5,509
11,119
1 864
2100
1,578
2 415
522
571
246
601
33,773
10,944
3,452
7,493
1,343
1,529
1,332
1,814
137,803
86,985
26,766
14,563
9,490
110,451
64,688
22,067
14,765
8,931
37,387
22,369
8,934
3,537
2,547
4,923
2,804
1,847
512.5
294.0
115.0
61.6
41.9
86,359
64,901
11,278
5,403
4,778
2,733
1,680
10,498
7,324
1,694
10,720
8,665
1,104
9,058
5,489
2,081
148
124
23,817
14,062
5,427
2,513
1,815
766
714
289
663
1,143
Primary and fabricated metals
Primary metal industries
Ferrous
Nonferrous ..
Fabricated metal products
47,536
29,612
16,296
13,317
17,924
50,813
32,295
16,001
16,294
18,519
14,623
8,319
4,566
3,753
6,304
363
312
60
252
51
11,157
6,272
3,637
2,634
4,885
255.5
135.2
73.9
61.2
120.3
30,771
22,801
14,445
8,356
7,969
483
204
81
123
279
3,352
2,400
1,337
1,063
2,816
1,765
5,041
3,786
Machinery
Machinery, except electrical
Computer and office equipment
Other
Electric and electronic equipment
Household audio, video, and communications equipment
Electronic components and accessories
Other
74,941
33,760
11,366
22,394
41,181
11,723
9,729
19,729
80,023
36,739
12,086
24,653
43,284
15,885
7,975
19,424
23,219
10,130
3,189
6,941
13,089
4,766
2,274
6,048
-3,659
-1,464
-1,028
-437
-2,195
-734
-647
-813
20,965
9,009
3,005
6,004
11,956
4,068
2,262
5,625
509.1
219.0
61.3
157.6
290.1
90.0
65.1
135.1
29,146
12,795
3,941
8,853
16,351
5,277
5,170
5,904
785
393
138
256
391
137
75
179
4,470
1,960
122,811
5,676
2,430
9,951
26,509
33,530
2,046
-1,746
-188
25,502
1,449
879
35
136
696.4
60.3
19.9
49.3
121.2
24.6
96.6
83.9
29.6
122.8
87.8
57.0
30.8
90.3
31.2
60,985
3,623
1,430
8,600
6,162
13,578
5,066
25,154
15,453
10,992
4,461
13,333
5,662
108,054
5,801
2,855
9,275
17,243
2,181
15,062
12,266
4,517
17,861
19,881
15,783
4,099
10,812
7,545
160,276
48,466
8,632
15,217
27,031
17,187
12,576
5,769
8,817
16,580
374,551
92,304
14,937
53,197
36,150
36,904
53,941
20,476
40,097
26,544
24,392
6,451
1,873
1,729
4,154
1,873
2,063
1,596
-1,189
-186
-360
15,795
3,215
1,459
1,187
2,985
1,517
1,437
1,185
966
78
226
2,240
429.9
74.7
36.3
28.5
86.4
37.7
42.7
42.8
17.9
63.0
46,898
14,475
11,774
6,792
13,856
76,930
12,813
37,440
7,307
19,371
17,130
3,476
7,092
1,880
4,682
-964
-897
-73
12,500
2,831
4,816
1,426
3,427
328,603
30,888
5,014
-1,425
205,567
62,574
9,545
112,353
17,593
Services
Hotels and other lodging places
Business services
Computer and data processing services
Other business services
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
Accounting, research, management, and related services
Health services
Other services
86,243
27,029
17,530
5,320
12,210
24,392
3,870
1,703
1,614
10,104
Other industries
Agriculture, forestry, and fishing
Mining
Coal ....
Other...
Construction
Transportation
Communication and public utilities
80,042
5,227
16,961
2,546
14,415
14,796
25,500
17,558
All industries
Food and kindred products
Beverages
Other
Chemicals and allied products
Industrial chemicals and synthetics
Drugs
Soap, cleaners, and toilet goods
Other
Other manufacturing
Textile products and apparel
Lumber, wood, furniture and fixtures
Paper and allied products
Printing and publishing
Newspapers
Other
Rubber products
Miscellaneous plastics products
Stone, clay, and glass products
Transportation equipment
Motor vehicles and equipment
Other transportation equipment, nee
Instruments and related products
Other
Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplies
Metals and minerals, except petroleum
Electrical goods ...
Machinery, equipment, and supplies
Other durable goods
Groceries and related products
Farm product raw materials
Other nondurable goods
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores
Other
.. .
Finance, except banking
Real estate .
D
Suppressed to avoid disclosure of data of individual companies.
* Less than $500,000 (±).
(D)
(D)
13J297
3,189
5,462
1,140
4,321
3,976
1,225
5,958
3,849
2,645
1,205
4,319
2,628
-283
-370
579
1,955
4,391
183
744
-553
-654
3,647
3,487
968
5,194
7,208
3,021
16,731
7,604
6,315
1,289
4,308
2,296
562
(D)
(D)
345
413
974
1,352
1,052
2,812
1,254
724
940
845
13,478
5,162
1,747
3,415
8,316
3,983
1,412
2,922
17,929
8,399
4,508
3.891
9,530
5,086
2,089
2,355
2,995
7,450
7,476
12,728
381
58
77
761
344
193
994
719
143
576
282
246
711
573
0
573
945
202
613
404
199
816
209
6
202
8
952
680
1,281
2,509
516
85
415
397
345
52
272
33
1,059
105
618
401
1,528
1,139
1,019
37,008
14,072
1,823
3,011
5,547
2,126
2,346
1,606
1,859
4,617
7,211
2,164
8,211
4,482
49,925
4,786
441
463
393
437
751
1,425
1,312
559
682
691
259
527
388
326
189
117
567
10,032
1,786
10,313
3,653
1,523
14,398
2,683
113,639
44,659
7,993
11,165
19,550
10,723
5,850
2,934
3,553
7,213
744.7
136.5
292.5
85.5
230.1
22,420
6,278
8,268
2,931
4,942
13,562
2,647
1,179
2,170
402
(D)
318
745
10
6
8
309
291
532
1,156
1,037
4,821
53.8
3,923
1,246
619
6
4
2,284
5,232
133.3
9,744
3,000
1,574
0
0
6,349
-2,055
1,416
43.3
86,731
80,285
8,136
7
2
40,272
5,818
13,474
4,441
9,033
9,372
4,693
1,023
1,656
4,236
16,690
2,456
7,341
2,284
5,058
1,905
1,568
-2,042
-977
-412
13,799
1,885
6,278
1,697
4,581
1,698
1,373
570.3
120.2
229.3
32.9
196.4
43.0
35.0
38,325
19,155
6,160
2,662
3,497
4,226
1,014
22,616
17,097
6,935
1,807
1,072
8.0
1,025
1,961
501
823
421
164
94
531
540
253
117
85
68
-130
1,246
6,447
2,458
3,533
549
2
161
122
39
86
260
15
0
26
327
3
96
21
75
78
68
1
0
80
59,100
2,293
8,184
1,740
6,444
16,822
27,190
4,611
17,690
-1,924
14,842
6,531
1,683
843
75
597
4,550
1,191
3,459
1,523
522
-117
317
7.6
713
986
54
320
(D)
2,938
4,061
7,359
1,968
-243
-2,948
1,206
3,664
8,119
1,135
28.5
92.0
193.4
46.1
54,129
4,014
14,183
2,190
11,993
8,141
21,627
6,164
3,687
434
-6
926
-659
-792
-614
-178
4,762
3,330
2,179
1,151
3,210
1,413
5
746
-94
-20
-399
-418
-16
331
-325
23
-435
-501
5
-56
31
596
570
415
905
401
NOTE.—Estimates for 1990 are revised.
59.4
75.4
389.0
21.5
36.0
(D)
5,161
1,710
812
97
716
1,569
103
1
102
1,364
1,623
269
662
1,295
1,165
1,061
1,183
362
978
127
851
494
3,207
1,490
1,237
510
727
298
1,222
246
976
149
n
n
1,761
596
1,050
5,932
5,445
487
742
n
n
n
61
SURVEY OF CURRENT BUSINESS
May 1993 •
101
Table 9.2.-Selected Data of Nonbank U.S. Affiliates, by Industry of Affiliate, 1991
M ions of dollars
Millions of dollars
Thousands
Total
assets
All industries
Sales
Gross
product
Net
income
Employee
compensation
Gross property, plant,
and equipment
Expendi-
nt
Of
Of which:
employees
Total
Commercial
property
new plant
and
equitment
U.S. merchandise
exports
shipped
by affiliates
U.S. merchandise
imports
shipped to
affiliates
1,743,762
1,174,069
258,370
-10,743
173,911
4,8092
634,688
164,351
67,541
98,369
179,694
Petroleum
Petroleum and coal products manufacturing
Other
102,052
68,080
33,973
106,393
63,179
43,213
25,166
18,315
6,851
390
475
-85
6,753
4,527
2,225
142.0
98.6
43.5
105,181
76,187
28,994
5,671
4,364
1,307
7,590
4,692
2,898
3,700
1,334
2,366
15,911
7,621
8,290
Manufacturing
448,592
399,936
124,222
-3,070
91,884
2,214.8
241,351
9,638
25,775
39,432
47,983
48,178
19,356
28,822
47,624
13,367
34,257
11,965
3,655
8,310
228
41
186
7,512
2,133
5,380
241.7
56.6
185.0
18,172
5,979
12,193
2,045
1,943
1,825
670
623
282
652
1,375
1,320
1,543
2,241
144,412
85,581
31,333
15,444
12,054
111,268
61,158
25,063
15,137
9,909
37,986
21,402
10,063
3,632
2,889
4,085
1,565
2,322
24,501
13,799
6,038
2,671
1,993
497.7
273.0
123.6
59.2
41.9
91,052
66,018
13,500
5,885
5,648
2,886
1,834
9,894
6,470
1,945
11,268
8,998
1,156
9,751
5,738
2,701
691
788
304
811
1,007
Primary and fabricated metals
Primary metal industries
Ferrous
Nonferrous
Fabricated metal products
50,931
33,210
18,889
14,321
17,721
50,300
31,830
17,243
14,586
18,470
14,751
8,338
4,832
3,506
6,413
-1,078
-777
-728
11,747
6,785
4,182
2,604
4,962
267.1
148.2
86.8
61.4
118.9
34,260
25,488
16,304
9,184
8,772
701
216
89
127
485
3,196
2,284
1,229
1,055
3,558
2,189
Machinery ..
Machinery, except electrical
Computer and office equipment
Other .
Electric and electronic equipment
Household audio, video, and communications equipment
Electronic components and accessories
Other ..
79,426
35,096
11,036
24,059
44,331
12,031
8,365
23,935
80,866
35,291
11,640
23,652
45,575
15,877
6,697
23,001
24,277
9,992
2,978
7,014
14,285
5,073
1,783
7,429
-3,071
-1,853
-1,279
-574
-1,218
21,309
9,069
2,999
6,070
12,239
3,924
1,778
6,537
501.0
212.9
57.5
155.5
288.1
81.1
54.1
152.8
30,800
13,519
4,380
9,139
17,281
5,336
4,055
7,891
794
473
157
316
321
123
58
140
3,850
1,590
125,644
6,265
2,635
10,245
25,422
109,879
6,357
3,104
9,736
16,828
35,243
2,352
-3,234
26,815
1,595
67,066
4,103
1,543
9,409
6,158
(D)
(D)
(D)
(D)
11,478
6,340
25,835
16,443
11,174
5,269
15,917
5,065
707.3
61.6
24.0
50.3
118.3
25.1
93.2
74.9
30.4
111.4
91.6
56.7
34.9
113.2
31.6
43,600
17,842
2,253
3,182
6,472
2,026
2,693
1,621
2,041
5,470
Food and kindred products
Beverages
Other
Chemicals and allied products
Industrial chemicals and synthetics
Drugs
Soap, cleaners, and toilet goods
Other
Other manufacturing
Textile products and apparel
Lumber, wood, furniture and fixtures
Paper and allied products
Printing and publishing
Newspapers
Other ..
Rubber products
Miscellaneous plastics products
Stone, clay, and glass products
Transportation equipment
Motor vehicles and equipment
Other transportation equipment, nee
Instruments and related products
Other
810
20
179
-49
-300
-14
-476
-727
-70
-21
-88
3,353
5,445
-617
620
2,159
4,377
965
(D)
762
10,398
4,773
16,825
20,953
16,524
4,428
14,232
6,672
4,480
3,294
1,378
5,712
4,413
3,094
1,318
5,965
2,520
( )
-1,027
-330
-924
-562
-450
-112
3,615
3,285
1,164
4,561
3,636
2,373
1,263
4,276
1,141
173,898
53,793
9,699
15,367
31,865
17,247
13,254
6,308
9,647
16,719
355,565
94,616
16,277
40,529
38,663
38,289
42,423
19,724
39,512
25,533
26,354
7,257
2,174
1,689
4,541
1,944
2,458
1,680
1,091
3,520
-1,433
-123
-197
-137
-580
-174
-339
2,283
429.8
77.1
39.5
27.8
85.2
33.2
44.8
43.7
19.0
59.5
51,152
13,560
17,267
6,364
13,960
86,689
13,124
47,103
7,495
18,967
20,450
4,098
9,601
2,011
4,740
-543
-484
-308
-370
13,825
2,787
5,970
1,480
3,588
780.1
132.0
333.4
85.6
229.1
Finance, except banking
377,086
32,124
6,877
-753
5,325
Insurance
302,859
72,910
11,889
2,726
6,925
Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplies
Metals and minerals, except petroleum
Electrical goods
Machinery, equipment, and supplies
Other durable goods
Groceries and related products
Farm product raw materials
Other nondurable goods
Retail trade ....
General merchandise stores
Food stores .
Apparel and accessory stores
Other
..
.
412
-6
56
-11
71
619
17,397
3,522
1,735
1,239
3,689
1,447
1,623
1,214
644
(D)
(D)
7,306
3,596
17,595
9,083
7,484
1,599
5,823
2,451
465
(D)
r)
2,893
304
1,437
1,369
5,032
3,783
1,307
2,476
1,249
1,071
14,345
4,971
1,807
3,164
9,375
4,359
1,166
3,850
16,608
7,733
3,883
3,850
8,875
4,597
1,436
2,841
3,211
6,891
8,435
13,699
456
60
41
984
(D)
(D)
464
103
362
378
336
42
341
22
376
193
861
729
(D)
(D)
669
411
304
230
864
483
0
483
964
207
597
417
186
889
316
6
311
913
754
836
2,260
518
672
1,209
1,372
1,251
752
1,484
940
545
1,454
403
895
6,647
6,092
121
676
396
1,995
1,307
1,128
1,364
8,332
2,723
8,340
4,899
51,995
5,650
522
434
484
365
820
1,857
1,077
492
776
713
291
525
263
492
157
166
435
10,828
2,097
9,798
2,633
1,659
15,146
3,365
112,064
40,279
8,635
10,807
20,662
11,978
6,499
3,030
3,706
6,469
26,334
5,552
11,656
3,300
5,826
16,879
3,991
8,245
1,703
2,940
2,858
1,103
2,389
445
306
706
16
5
4
381
350
575
1,079
1,083
58.7
4,969
1,577
983
5
3
159.9
16,886
8,377
3,087
0
0
1,401
554
114,238
16,276
5,834
-3,430
1,378
41.9
91,881
84,294
5,690
7
2
Services
Hotels and other lodging places
Business services
Computer and data processing services
Other business services
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
Accounting, research, management, and related services
Health services
Other services
91,006
28,452
19,483
5,852
13,630
24,950
4,048
2,026
1,880
10,168
43,718
6,332
14,473
4,310
10,163
10,553
5,054
1,182
2,089
4,035
16,820
2,875
7,227
2,253
4,974
1,274
1,757
-3,591
-1,301
-398
14,853
2,320
6,315
1,705
4,610
1,692
1,658
597.9
124.3
264.9
32.3
232.6
42.2
36.5
42,934
21,177
7,749
2,912
4,836
4,411
1,211
24,660
18,441
7,599
1,903
1,476
480
1,259
1,949
-99
-13
667
982
259
3
85
22
63
73
21
3
0
72
Other industries
Agriculture, forestry, and fishing
Mining
Coal
Other
Construction
Transportation
Communication and public utilities
82,879
4,921
19.117
5,298
13,819
13,965
26,294
18,581
60,458
2,262
9,582
3,443
6,139
15,593
27,527
5,494
20,756
837
-44
651
27
625
Real estate
D
Suppressed to avoid disclosure of data of individual companies.
* Less than $500,000 (±).
4,626
1,628
2,998
3,948
9,294
2,051
493
8.9
-200
1,129
1,247
66.9
54.2
6,738
3,274
3,451
346
2
143
82
61
47
116
15
0
24
-1,038
15,572
384.0
22.5
42.4
14.9
27.5
82.4
193.5
43.3
61,554
4,132
19,672
6,101
13,571
8,018
21,990
7,741
4,924
1,233
5,620
1,782
1,083
230
357
102
3
99
1,374
1,282
369
521
761
135
1
6
57
273
52
222
29
-427
-1,399
-180
-328
-1,043
-275
447
2,154
906
1,249
3,583
8,128
1,260
NOTE.—Estimates for 1991 are preliminary.
753
70
682
1,470
390
227
106
1,461
1,704
424
554
922
321
226
132
91
1,006
331
2,099
1,585
n
n
57
102 • May 1993
SURVEY OF CURRENT BUSINESS
Table 10.1.—Selected Data of Nonbank U.S. Affiliates, by Country and Industry of Ultimate Beneficial Owner, 1990
Millions of dollars
Total assets
All countries, all industries
1,550,238
Sales
1,175,857
Gross
product
243,227
Millions of dollars
Net
income
-4,535
Employee
compensation
163,592
Thousands
of
employees
Gross property, plant, and
equipment
Of which:
Total
4,734.5
578,355
Commercial
property
146,520
Expenditures for
new plant
and
equitment
U.S. merchandise
exports
shipped
by affiliates
69,580
92,308
U.S. merchandise
imports
shipped to
affiliates
182,936
By country
Canada
227,219
126,155
39,163
1,624
739.1
105,890
29,936
11,017
6,162
10,993
Europe
746,000
599,697
141,979
-2,946
99,006
2,894.6
294,386
51,212
32,413
38,747
63,047
2,312
13,789
2,150
5,431
77,500
1,881
15,629
2,968
6,143
81,915
279
3,138
1,011
955
15,051
-129
-514
-34
-228
-2,073
268
1,796
850
836
12,287
6.4
86.1
50.5
24.4
338.9
486
8,819
1,336
2,006
33,321
569
1,440
634
445
8,239
100,009
5,597
30,407
832
1,965
90,927
108,547
5,226
14,058
511
2,312
72,784
24,409
1,683
17,852
1,168
1,660
516.2
32.6
40.2
3.8
17.2
286.5
41,967
3,460
4,177
677
977
58,083
6,383
140
1,433
31
80
18,687
213
23
-95
-55
-19
100
23
1,015
126
198
3,327
6,131
581
620
41
83
4,446
218
349
136
267
11,748
Italy
Liechtenstein
Luxembourg
Netherlands
83
1,666
189
92
4,811
8,191
515
526
490
433
9,816
18,417
(D)
1,540
108
646
6,612
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
2,216
2,211
26,683
114,524
268,530
917
1,915
849
28,281
63,011
192,317
1,351
430
161
4,865
15,158
53,746
110
-7
6
-2,543
-434
2,876
-34
301
998
369
11,194
21,929
104,244
342
177
233
960
3,837
18,954
240
85
56
4,287
2,521
8,858
14
117
9
33,980
82
8.0
4.3
152.4
273.6
1,050.9
2.4
38,343
37,183
8,670
444
4,862
134.5
16,687
4,480
25,586
10,588
3,280
3,902
6,527
1,288
24,158
2,198
3,104
3,837
13,215
1,804
5,322
745
728
1,377
446
234
-51
-124
2,603
149
530
1,269
529
126
66.9
3.2
14.9
28.4
16.2
4.1
9,214
452
1,469
2,720
4,118
456
12,757
13,025
1,157
7,527
2,860
1,393
2,259
70
989
933
254
13
67.7
1.9
34.2
19.5
11.7
0.4
7,472
743
2,394
3,311
965
59
Austria
Belgium
Denmark
Finland
France
Germany
Ireland
Latin America and Other Western Hemisphere
South and Central America
Brazil
Mexico
Panama
Venezuela
Other
Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
United Kingdom Islands, Caribbean
Other
Africa
South Africa
Other
D
-2
10
201
-28
112
5,492
11,940
2,739
1,792
5,070
8,046
n
2,610
8,015
1,391
119
435
395
212
230
1,076
30
165
217
594
70
1,905
215
165
230
258
1,037
7,114
400
849
535
3,088
520
1,063
906
544
56
936
34
384
410
108
705
n
n
195
340
45
23,834
1,301
9,870
639
10,243
1,238
543
17,131
819
3,104
155
751
107
2,002
65
24
-365
910
147
243
114
361
35
25.3
3.1
9.2
3.4
7.7
1.5
0.3
14,783
161
6,816
468
5,483
1,347
507
57
4,744
167
3,412
1,135
393
460,863
46,073
375,312
46,526
8,055
-4,549
-£75
-259
-2,685
-222
-2
-156
-12
-31
166.2
24.9
629.2
8.3
0.7
36.4
4.9
2.7
10.4
7.0
133,535
21,612
3,416
98,891
1,516
130
3,189
396
848
2,393
1,145
49,323
2,386
2,620
40,995
516
63
894
203
789
306
551
21,507
4,047
291
15,563
138
6
269
15
43,732
491
97
-245
-63
32,811
6,376
637
23,576
362
19
1,072
164
71
353
179
31,738
4,114
318,716
8,366
160
794
34,806
485
25
334
131
203
1,035
14
307
30
555
119
9
901
(D)
541
(D)
69
0
527
6,242
3,270
2,972
466
4,637
694
D
17.1
14.5
2.6
17
-218
-63
18
-95
-23
13,388
2,012
701
597
104
1,877
534
13,543
292
66
330
168
5,034
4,965
189
-149
-113
-37
303
n
n
46
107
17
0
39,293
2,142
2
(D)
20
45
375
5,192
(D)
50
2
(D)
39
0
94,646
846
724
87,475
3,881
43
703
39
58
366
511
2,944
1,255
206
150
424
326
14,584
2,530
1,405
1,407
33.1
6,832
1,196
1,263
227
593,423
30,653
496,728
30,693
120,063
5,629
452
95
79,981
1,379
2,424.1
40.9
256,989
20,653
45,534
9,656
25,247
1,794
31,070
1,350
51,141
9,832
61,455
196,391
72,619
1,900
22,977
16,517
498,357
43,134
70,730
181,847
277,337
64,973
42.002
58,500
139,209
11,608
-806
-33
6,260
20,539
5,294
286
2,631
3,061
87,794
8,073
9,372
2,451
7,756
1,672
8,401
134.9
772.3
118.5
8.7
65.9
81.2
2,255.8
224.1
430.8
25.4
203.6
53.8
359.5
32,778
71,377
81,611
863
16,539
7,969
239,561
23,079
18,844
2,490
19,213
46.011
18,021
9,536
35,755
3,483
184
276
4,031
14,445
6,463
7,582
775
13,007
42.291
8.693
3,219
7,509
4,696
93
1,328
721
6,040
9,858
2,057
206
1,808
13,994
United States
Addenda:
European Communities (12) >
OPEC 2
3,349
375
1,390
1,285
238
61
9,861
1,254
905
349
11,513
382,677
6,284
240
5,020
516
1,179
5,181
2,181
,
2,283
188
125
396
5,795
5,151
644
()
4,585
(D)
Middle East
Israel
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates
Other
Asia and Pacific
Australia
Hong Kong
japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
3,214
2,085
1,649
147
501
6,030
701
440
2,102
By industry
Government and government-related entities
Individuals, estates, and trusts
Petroleum
Agriculture
Mining
Construction
Manufacturing
Transportation, communication.and public utilities
Wholesale and retail trade
Banking
Other finance and insurance
Real estate
Services
67,192
2,109
18,115
15,670
503,192
33,227
204,717
29,894
67,966
13,262
22.804
D
Suppressed to avoid disclosure of data of individual companies.
* Less than $500,000 (±).
NOTE.—Estimates for 1990 are revised.
1. The European Communities (12) consists of Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Lux-
29,300
20,390
474
5,008
3,756
121,800
8,334
14,305
1,513
12,937
4,028
9,775
2,625
49
752
-259
78
-2,223
-263
-1,574
399
-1.734
-1,546
36,567
3,579
3,063
399
1,500
5.146
1.759
249
33,232
835
36,744
55
686
37
502
9,174
8,812
614
3,296
393
114,971
1,226
29,531
68
582
9
267
embourg, the Netherlands, Portugal, Spain, and the United Kingdom.
2. OPEC is the Organization of Petroleum Exporting Countries. As of yearend 1992, its members were Algeria,
Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and
Venezuela.
May 1993 •
SURVEY OF CURRENT BUSINESS
103
Table 10.2.-Selected Data of Nonbank U.S. Affiliates, by Country and ndustry of Ultimate Beneficial Owner, 1991
Millions of dollars
Total assets
All countries, all industries
1,743,762
Sales
1,174,069
Gross
product
258,370
Millions of dollars
Net
income
-10,743
Employee
compensation
173,911
Thousands
of
employees
Gross property, plant, and
equipment
Of which:
Total
4,809.2
634,688
Commercial
property
164,351
Expenditures for
new plant
and
equitment
67,541
U S merchandise
exports
shipped
by affiliates
98,369
U.S. merchandise
imports
shipped to
affiliates
179,694
By country
Canada
234,439
121,572
39,185
942
24,055
717.7
107,185
29,582
9,239
6,402
10,383
Europe
873,770
606,886
151,077
-4,949
105,073
2,943.6
325,178
60,206
33,308
41,555
59,058
Austria
Belgium
Denmark
Finland
France
2,240
13,748
2^345
5 434
160,737
1,644
15,783
3300
6,237
88,610
292
-149
252
6.2
526
81
2,851
1,130
1,104
18,282
-91
-10
1,795
175
97
33
974
143
399
171
338
225
307
14,376
8,429
1*389
2,280
42,012
1,896
-242
-2,007
90.6
46.3
23 7
363.7
10,826
4,375
11,636
7,516
Germany
Ireland
Italy
Liechtenstein
Luxembourg
Neiherlands
118,267
5,941
23,041
112,473
5,430
12,662
26,001
1,615
1,866
-582
-255
-995
19,566
1,181
1,847
518.6
31.0
42.0
50,103
3,834
5,235
8,225
6 764
7 292
17 360
821
475
2,328
73,790
-45
^4
142
432
3.5
1,907
98,933
170
516
460
582
473
310
270
441
36
68
18,948
-796
10,495
16.5
292.5
687
894
60,709
10,866
4,353
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
2,621
2,419
33,295
116,260
284,563
1,197
2,196
504
193
-29
14
393
120
9.4
5.3
1,088
199
266
140
73
222
14
227
139
28,445
63,510
187,981
1,171
6,870
15,897
54,711
1,433
4,141
19,875
1,776
5,637
8,405
4,355
4,822
12,189
128
47
898
-42
3,926
2,480
8,823
113
3.1
530
300
11
105
(D)
39,824
33,866
8,771
415
4,729
131.0
18,255
4,784
1,808
2,567
6,993
South and Central America
Brazil
Mexico
Panama
Venezuela
Other
26,656
23,135
2,173
3,260
3,900
12,046
1,755
5,782
453
194
2,673
68.5
919
41
173
270
400
36
1,925
6,159
175
123
270
(D)
(D)
351
899
693
(D)
(D)
Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
United Kingdom Islands, Caribbean
Other
13,168
1,110
6,470
3,293
2,241
10,731
23
643
(D)
98
390
55
(")
833
52
889
33
277
440
133
6
(D)
3,937
3,950
3,387
O
564
883
329
23,583
1,098
9,285
16 230
3,803
838
653
610
180
924
107
10,692
1,328
Latin America and Other Western Hemisphere
(D)
3,646
3,910
6,799
n
Africa
South Africa
Other
Middle East
Israel
Kuwait
Lebanon
Sauai Arabia
Uniled Arab Emirates
Other
Asia and Pacific
Australia
Hong Kong
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
United States
Addenda:
European Communities (12)'
OPEC 2
..
.
.
.
.
851
717
751
1,504
2,662
149
2,989
967
289
5,385
2,896
1,460
1,093
1,343
1,899
-621
-104
-6
397
-28
-38
-33
69
105
256
8
-179
1,212
-237
-207
(*)
-29
199
26
91
-66
295
12,550
2,452
268
65
106
33
-130
527
516,560
47,591
11,305
436,949
7,262
377,448
33,368
4,479
319,967
8,829
51,419
8,537
-8,668
-1,568
-390
-6,090
-256
880
39,400
1,320
5,754
3,083
2,276
3,511
516
33
813
240
142
495
362
(D)
14,117
712,231
31,651
62,633
184,748
79,125
1,957
27,926
17,928
525,299
45,317
84,338
198,284
406,611
63,123
46,475
-17
951
894
5,755
12,080
34,681
147
586
(D)
577
491
2,056
62.5
7,986
3,329
55
814
948
238
1
1.8
800
585
31.0
18.1
11.6
2,467
3,404
1,275
1,111
(D)
16.0
709
496
223
(D)
1,876
1,764
33
79
69
606
3,215
6,326
n
509
70
(D)
0
n
40
913
693
27
673
571
102
15.0
12.9
364
(D)
(D)
376
110
266
647
(D)
(D)
735
2.1
6,103
2,852
3,251
989
160
252
122
394
51
12
27.2
17,239
485
84
2
32
(D)
(D)
4,195
36,929
6,527
942.7
154.4
26.2
706.5
704
27,756
1,556
503,278
28,689
126,129
6,660
-3,892
55,856
126,790
65,101
2,292
19,071
14,067
511,253
33,103
198,535
29,700
81.051
12,793
24,455
12,795
29,816
18,716
781
518
1,455
514
1,641
2,888
4,735
(D)
2,903
167
3,553
10,269
3.2
15.5
n
-92
315
567
11,837
23,884
111,295
143
464
394
217
238
378
35
650
(D)
82
375
(D)
2,414
154.3
276.1
1,060.8
446
525
1,313
3.1
8.6
4.0
8.1
3.0
0.4
8.0
1.0
11,792
1,723
194
71
8,396
6,321
544
176
6,196
1,419
3,666
1,187
18
877
41
663
116
9
490
372
152,751
20,975
3,802
118,530
1,711
56,415
1,963
2,877
48,041
19,627
1,964
178
10
105
25
75
734
171
347
16,018
n
46,437
609
103
n
n
(D)
36
5
(D)
23
(*)
98,170
1,474
854
41,212
2,622
89,675
4,328
1
(D)
35
62
488
(D)
634
44
94
325
(D)
9.3
(D)
2,976
1,402
662
107
846
200
861
210
648
1,463
32.1
7,977
1,209
1,461
275
162
639
85,464
1,543
2,467.8
43.9
284,612
23,874
53,732
11,632
26,287
2,207
33,312
1,609
48,020
7,717
-188
-1,043
-212
6,426
20,029
5,588
128.3
735.4
114.7
37,448
74,974
85,881
11,691
37,815
3,872
3,565
6,686
6,028
6,970
9,080
2,146
11,099
7,549
7,820
185
300
66
251
678
1,775
2,310
3,349
707
95
33,751
2,690
3,468
37,118
1,174
38,130
114,303
1,248
32,485
749
189
321
48
538
(D)
361
6
216
-18
-58
-7
-46
-142
185
20.0
1,779
8
432
959
n
By industry
Government and government-related entities
Individuals estates and trusts
Petroleum
Agriculture
Mining
Construction
Manufacturing
Transportation, communication.and public utilities
Wholesale and retail trade
3anking
Other finance and insurance
Real estate
Services
D
Suppressed to avoid disclosure of data of individual companies.
" Less than $500,000 (±).
484
6,482
3,285
126,417
10,601
17,795
2,575
15,470
4,048
9,886
4
258
-759
-4,295
-1,098
-219
-502
696
-1,915
-1,469
319
9.0
887
3,447
2,991
92,322
8,462
11,420
2,589
10,013
1,542
8,764
76.3
73.3
2,270.0
224.5
497.4
28.1
229.1
51.7
371.4
23,662
9,006
257,045
24,685
24,828
3,473
25,528
47,054
20,217
NOTE.—Estimates for 1991 are preliminary.
1. See footnote 1 to table 10.1.
2. See footnote 2 to table 10.1.
4,718
15,844
6,565
11,201
1,219
19.150
41,896
9,895
2.769
3,092
2,194
(D)
SURVEY OF CURRENT BUSINESS
104 • May 1993
Table 11.1.—Employment by Nonbank U.S. Affiliates, Industry of Sales by Country of Ultimate Beneficial Owner, 1990 '
[Thousands of employees]
Europe
All
Canada
countries
Total
France
All industries
Petroleum
Petroleum and coal products manufacturing
Other
Manufacturing
Latin
Of which:
Germany
4,734.5
739.1
2,894.6
338.9
516.2
131.4
90.3
41.0
22.3
83.4
62.8
20.6
9.2
2.5
6.7
2.4
1.7
.7
P)
P)
Asia and Pacific
and
Other
Western
Hemisphere
273.6
1,050.9
134.5
17.1
25.3
890.6
166.2
629.2
33.1
36.7
26.8
14.0
4.0
2.8
9.9
4.4
9.5
2.4
0
2.4
5.3
1.0
.6
.1
.5
.8
.1
.7
.1
0
.1
4.0
P)
P)
261.1
1,286.8
185.4
233.0
118.0
147.4
426.9
57.0
28.6
143.2
18.1
125.2
13.6
5.0
1.1
3.9
25.9
31.9
53.6
P)
P)
48.8
3.6
.1
3.4
Chemicals and allied products
Industrial chemicals and synthetics
Drugs
Soap, cleaners, and toilet goods
Other
332.4
146.1
86.9
39.2
60.1
246.3
87.2
76.7
34.5
47.8
27.4
11.0
Primary and fabricated metals
Primary metal industries
Ferrous
Nonferrous
Fabricated metal products
213.0
112.0
70.7
41.3
101.0
27.6
19.3
100.7
35.1
13.7
21.4
65.5
18.9
18.3
6.2
3.5
2.7
7.5
3.1
4.4
12.6
10.9
Machinery
Machinery, except electrical
Office and computing machines
Other
Electric and electronic equipment
Audio, video, and communications equipment
Electronic components and accessories
Other
488.6
217.5
46.9
170.6
271.0
80.4
86.8
103.9
41.4
297.4
136.3
23.1
113.2
161.0
33.9
48.6
78.5
35.8
15.6
12.2
54.8
27.6
3.4
24.7
27.2
Other manufacturing
Textile products and apparel
Lumber, wood, furniture, and fixtures
Paper and allied products
Printing and publishing
Newspapers
Other
Rubber products
Miscellaneous plastics products
Stone, clay, and glass products
Transportation equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Other
783.5
65.5
27.5
49.8
109.0
25.4
83.7
72.8
56.0
109.8
131.8
90.3
41.5
112.4
48.8
108.7
11.4
Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplies ....
Metals and minerals, except petroleum
Electrical goods
Machinery, equipment, and supplies
Other durable goods
Groceries and related products
Farm-product raw materials
Other nondurable goods
351.0
43.5
41.3
22.2
50.9
37.5
39.5
29.1
13.2
73.7
16.5
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores
Other
831.2
123.5
318.1
86.3
303.3
235.5
Finance, except banking
Insurance
Real estate
Services
Hotels and other lodging places
Business services
Computer and data processing services
Other business services
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
Accounting, research, management, and related services
Health services
Other services
Other industries
Agriculture, forestry, and fishing
Mining
Coal
Other
Construction
Transportation
Communication and public utilities
Unspecified2
D
Suppressed to avoid disclosure of data of individual companies.
* Less than 50 employees.
1. For discussion of classification by industry of sales, see text.
P)
P)
1.4
P)
7.4
11.9
8.3
9.2
.7
8.6
32.2
P)
2.8
P)
4.6
7.8
46.0
499.2
39.9
19.0
31.9
48.3
.7
(D)
2.6
9.8
3.8
12.7
10.6
2.1
8.5
1.5
1.0
.4
1.4
2.2
1.8
1.5
1.5
.2
6.5
S.5
P)
P)
P)
47.6
44.7
39.8
68.9
76.0
37.7
38.3
90.0
40.7
211.7
19.0
22.0
10.2
20.6
24.2
29.3
23.9
11.8
50.6
7.5
1.2
7.7
20.1
P)
73.6
38.3
15.1
9.8
10.4
.4
25.5
38.2
P)
P)
23.6
59.7
14.9
23.8
5.8
P)
P)
15.6
9.0
13.4
25.1
3.8
.1
3.8
9.6
8.6
2.1
6.5
16.5
29.5
20.2
86.9
39.1
.9
5.5
19.3
33.6
47.8
0
(*)
0
8.9
1.9
1.3
.6
30.8
5.8
4.2
9.3
11.1
10.3
P)
P)
P)
P)
89.8
81.4
18.0
34.3
3.5
.8
.5
8.1
5.9
1.5
9.0
(*)
8.9
.7
0
1.6
1.0
.6
2.9
P)
P)
0
P)
20.4
10.5
20.3
20.2
P)
P)
6.4
P)
4.2
9.5
14.1
12.5
1.5
16.7
P)
P)
37.7
53.4
.4
2.9
1.0
2.0
3.1
3.9
11.2
2.2
10.0
5.3
2.4
11.8
P)
.2
P)
502.6
31.6
257.5
52.8
160.7
33.3
177.2
2.5
8.6
2.7
153.1
P)
19.5
P)
P)
0
P)
3.3
2.2
1.7
.5
0
.5
5.2
.2
17.5
7.1
P)
3.4
.7
P)
.3
2.1
3.0
.6
5.0
75.5
P)
3.1
P)
4.8
32.3
12.8
32.7
2.9
P)
P)
P)
17.1
P)
2.6
P)
0
P)
12
5.1
2.1
P)
n12.0
P)
5.5
5.3
15.2
27.4
201.5
21.8
7.5
6.5
27.2
.6
26.6
6.2
17.1
25.1
27.5
11.4
16.1
39.8
22.8
.1
0
13.4
P)
P
P)
P)
8.7
0
P)
P)
P)
0
0
p)
1.6
P)
P
P)
P)
1.0
P)
P)
P)
P
P
P)
P)
P)
1.2
0
P)
3.5
.9
P)
.5
.1
.3
0
1.0
P)
P)
0
P)
P)
P)
0
fl
0
2.7
0
n0
0
0
0
0
0
p)
.2
.2
0
P)
0
.2
.3
.1
16.6
P)1.7
P).1
6.2
.6
.5
.1
.1
0
60.5
0
2.8
.2
.4
2.3
1.1
.2
1.0
6.1
3.6
2.6
2.8
4.7
6.6
.3
1.2
.2
.6
P)
7.9
P)
3.1
0
0
.5
.1
14.1
P)
P)
P)
Australia
16.9
8.7
P)
P)
127.2
16.8
7.1
P)
P)4.6
P)
P)
18.6
P)
P)
.4
0
0
0
.4
n
24.6
.8
1.1
1.1
5.7
12.1
127.2
10.5
94.8
.5
3.0
16.8
17.6
41.5
34.2
15.8
6.8
.4
.6
1.2
.6
3.2
.8
.1
659.8
140.5
277.1
52.8
224.2
28.7
40.0
38.9
60.6
73.9
55.8
445.4
60.8
232.4
37.9
194.5
48.2
18.3
19.2
18.6
17.8
60.2
227.5
27.6
124.2
12.9
111.3
17.0
.9
63.1
3.8
9.3
3.8
5.6
P)
77.6
35.6
30.4
23.3
P)
P)
P)
435.0
33.0
77.2
30.6
46.6
80.2
215.7
28.9
88.6
2.4
23.1
12.1
11.0
6.4
49.0
7.7
'
P)
1.9
2.9
P)
191.3
15.5
44.1
17.2
26.9
38.9
75.5
17.3
47.4
7.6
11.6
0
6.5
1.3
0
2.8
19.2
3.2
2.8
.3
3.2
1.7
1.5
0
8.3
.4
P)
P)
22.1
6.5
P)
0
P)
(*)9.8
P)
P)
3.3
2.8
7.1
4.3
P)
4.9
United
States
286.5
United
Kingdom
206.8
33.1
173.7
54.7
Of which:
Total
Switzerland
2,024.1
6.7
6.9
Middle
East
Netherlands
Food and kindred products
Beverages
Other
P)
P)
Africa
.7
13.7
P)
P)
n.5
.3
0
2.5
8.0
1.1
P)
P)'
P)
1.1
0
P)
P)
26.7
P)
P)
0
9.8
8
2.1
4.8
1.0
.2
.2
n.8
P)
P)
P)
5.5
8.2
14.5
P)
P)
85.4
2.9
35.5
15.5
20.1
13.7
20.8
12.4
29.9
2. See footnote 1 to table 3.
NOTE.—Estimates for 1990 are revised.
2.2
P)
1.9
10.2
P)
P)
.5
.6
0
3.6
14.3
P)
P)
0
P)
P)
3.1
.4
P)
0
P)
ri0.2
.1
o0
P)
p)
8
O
.1
0
p)
P)
P)
3.9
0
0
0
P)
P)
43.7
316.0
29.7
4.4
13.1
7.9
21.8
22.8
11.9
.4
0
0
0
.4
69.3
54.8
47.8
1.3
1.1
.5
.6
.2
.1
.1
0
137.7
64.2
21.4
42.7
73.5
1.5
.3
.3
144.1
10.2
o
(*0)
0
0
0
p)
0
p)
4.7
2.9
3.3
7.0
14.4
7.0
4.6
57.3
47.3
44.1
P)
P)
2.7
8.3
13.8
P)
P)
25.5
5.5
21.9
41.8
41.7
.1
108.0
19.5
18.5
4.5
9.8
27.8
6.7
1.1
0
1.1
5.5
110.9
45.7
17.8
27.9
65.2
21.2
30.8
13.1
.9
24.0
115.2
0
9.6
1.3
4.2
7.7
(*)
7.7
P)
2.3
6.1
P)
P)
P)
.6
10.4
0
0
0
.3
.5
5.6
.8
0
.3
0
.1
P)
12.4
p)
6.8
8.4
9.1
3.2
10.0
9.4
6.7
2.7
1.2
71.9
9.8
4.4
2.7
2.6
2.4
P)
1.8
.8
.2
0
.1
.1
.3
.3
0
2.8
0
19.4
P)
33.9
4.1
9.0
1.6
.9
.3
.3
.1
P)
10.0
P)0
P)
P)
P)
P)
.1
0
D
P)
P)
403.5
.7
0
.4
.3
0
P)
Japan
n
9.9
P)
P)
P)
P)
P)
4.0
11.4
41.8
41.7
.1
8.4
8
0
.1
n0
0
.1
R
0
n0
1.1
.3
0
.3
.7
O
.7
n
P)
.3
0
.6
.5
0
.5
0
0
0
n0
n0
P)
p)
93.8
17.8
17.7
P)
9.0
26.7
8.8
5.6
1.7
1.1
5.3
55.6
5.8
3.6
P)
P)
1.2
n0
0
.7
0
n0
(Dr
1.3
0
0
26.3
.2
23.9
P)
P)
P)
3J2
.4
1.4
P)
1.4
9.2
1.0
7.1
n
7.9
5.5
.6
.6
.1
0
.1
.7
0
.9
130.3
66.9
23.6
16.4
93.0
49.4
10.9
P)
5.5
5.4
P)
P)
2.0
.3
.5
.5
0
.2
n
P)
P)
n
n
47.6
5.9
0
P)
fl
P)
P)
P)
P)
o.9
P)
14.7
130.6
86.3
34.0.
7.2
8.3
.8
7.4
0
6.0
.4
5.6
7.0
2.3
.4
1.9
24.9
86.8
P)
74.0
P)
12.4
11.7
3.4
3.7
n
3.6
17.7
13.7
1.8
4.2
0
.2
1.7
3.3
.6
2.4
.7
n.1
0
o
P)
p)
0
0
0
0
p)
p)
0
(*)
May
SURVEY OF CURRENT BUSINESS
10$
Table 11.2.—Employment by Nonbank Affiliates, Industry of Sales by Country of Ultimate Beneficial Owner, 1991'
[Thousands of employees]
Latin
Europe
All
countries
Of which:
Canada
Total
France
All industries .
Petroleum
Petroleum and coal products manufacturing
Other
Manufacturing
4,809.2
717.7
2,943.6
363.7
518.6
128.2
90.1
38.1
24.4
79.7
59.6
20.1
9.5
2.3
2.6
6.9
1.5
.7
267.7
1,290.8
187.0
27.8
143.6
19.1
124.5
245.9
88.1
78.9
32.8
46.0
2,045.8
P)
()
Food and kindred products
Beverages
Other
207.9
33.1
174.8
Chemicals and allied products
Industrial chemicals and synthetics
Drugs
Soap, cleaners, and toilet goods
Other
338.1
145.8
93.6
37.6
61.1
Primary and fabricated metals
Primary metal industries
Ferrous
Nonferrous
Fabricated metal products
215.7
109.9
70.1
39.8
105.8
26.6
18.3
7.1
11.2
Machinery
Machinery, except electrical
Office and computing machines
Other
Electric and electronic equipment
Audio, video, and communications equipment
Electronic components and accessories
Other
492.1
215.5
43.3
172.2
276.6
77.0
82.5
117.0
40.1
10.2
1.4
Other manufacturing
Textile products and apparel
Lumber, wood, furniture, and fixtures
Paper and allied products
Printing and publishing ..
Newspapers
Other
Rubber products
Miscellaneous plastics products
Stone, clay, and glass products
Transportation equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Other
P)
P)
55.8
P)
P)
1.5
P)
8.3
102.2
35.1
14.1
21.0
67.1
P)
303.8
137.5
16.9
120.6
166.3
35.4
43.4
87.5
792.0
67.7
32.2
50.6
101.6
26.1
75.5
70.2
55.5
101.2
137.8
92.4
45.3
123.1
52.1
117.4
15.1
6.5
7.5
46.8
495.4
38.3
21.3
32.4
45.1
Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplies
Metals and minerals, except petroleum
Electrical goods
Machinery, equipment, and supplies
Other durable goods
Groceries and related products
Farm-product raw materials
Other nondurable goods ....
338.2
42.8
42.8
20.6
45.1
37.3
36.8
31.6
12.8
68.3
13.7
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores
Other
857.8
116.3
358.9
84.5
298.2
223.9
71.5
5.5
Finance, except banking
Insurance
150.2
8.8
29.9
2.4
P)
P)
.5
8.5
3.5
15.7
10.0
5.8
P)
P)
.7
.6
1.4
2.1
1.0
1.3
1.4
.2
5.0
P)
50.1
20.3
P)
P)
.7
44.4
44.4
38.9
65.8
73.6
36.8
36.8
95.1
40.5
193.7
16.5
22.8
8.7
16.2
24.7
26.5
22.8
11.3
44.4
31.6
55.0
P)
P)
48.6
P)
P)
28.4
11.5
74.2
38.3
15.7
10.0
10.2
29.9
11.3
1.6
(D)
59.3
15.1
23.0
4.7
16.5
P)
P)
0
18.6
9.1
.1
.1
1
10.8
4.1
30.8
10.7
(*)
4.1
3.2
6.6
21.1
18.3
9.0
6.6
43.4
11.6
49.4
28.5
2.0
26.5
20.9
29.3
1.7
1.0
.6
27.6
32.6
21.5
.9
20.6
11.1
\ )
3.1
8.8
2.8
31.9
P)
5.5
5.3
( )
10.1
84.2
79.2
7.0
6.0
1.6
7.2
2.7
3.9
1.1
.6
P)
0
P)
P)
10.3
16.7
16.7
P)
P)
6.4
4.9
34.9
P)
.6
2.4
1.0
2.0
3.0
3.9
P)
9.9
3.0
P)
6.5
47.0
15.5
19.6
P)
Other industries
Agriculture, forestry, and fishing
Mining
Coal
Other
Construction
Transportation
Communication and public utilities .
427.4
36.0
71.5
24.3
47.2
79.0
212.0
28.9
76.8
1.4
12.8
.7
12.1
6.8
48.2
7.6
n
7.0
465.4
54.0
244.5
37.7
206.9
Suppressed to avoid disclosure of data of individual companies.
* Less than 50 employees.
1. For discussion of classification by industry of sales, see text.
P)
3.1
3.9
11.5
14.6
D
P)
39.6
4.9
25.9
6.3
(*)
7.1
P)
4.4
9.2
14.3
12.6
1.7
17.0
P)
7.0
12.6
(*)
7.3
1.6
0
3.1
22.6
3.9
3.3
(*)
3.3
7.5
4.6
3.2
P)
P)
P)
P)
18.3
.9
0
P)
P)
0
(D)
3.4
2.1
1.6
.4
0
4
5.4
.5
16.0
.7
3.4
.7
P)
31.9
1.5
.9
.8
(D)
0
P)
.2
1.0
4.4
P)
0
P)
12.8
2.5
13.9
P)
P)
6.3
3.8
37.5
49.6
5.6
18.0
26.0
5.0
3.6
.6
0
.6
0
0
0
2.0
P)
.7
0
.5
.3
p)
0
.1
1.8
P)
P)
8.9
8.7
1.0
.9
P)
P)
.4
1.0
.8
P)
P)
()
21.6
3.3
.8
P)
.5
.1
.3
.1
1.1
P)
P)
fl
(
D}
9.5
0
0
2.5
0
2.9
1.7
n0
0
0
0
0
0
P)
P)
P)
0
0
0
3.4
16.4
.4
1.2
.2
127.7
6.8
18.4
17.2
85.3
1.1
1.2
5.6
14.8
1.7
12.8
17.8
19.1
42.1
2.0
.1
.5
(*)
1.3
(D)
.2
(D)
167.3
P)
(D)
.5
/D\
\ j
2.2
.5
4.9
.1
4
3.1
.9
.1
1.2
87.0
P)
n
p)
P)
.2
.2
.1
.9
1.7
.7
.1
P)
P)
P)
.6
1.0
.9
3.1
.8
23.0
.3
3.6
1.7
1.9
18.5
.6
14.5
63.2
241.4
27.6
132.2
12.0
120.2
17.8
0
P)
P).1
8.5
3.7
.7
0
6.6
5.4
8.0
.1
12.4
15.2
D
( )
(D)
0
2.6
29.4
6.6
9.4
2.0
P)
P)
(*)
3.4
9.5
P)
P)2.5
1.6
0
5.0
P)
P)
32.4
P)
(D)
P)
3.1
4.3
1.7
.2
.2
(*)
.6
1.6
.2
( )
P)
9.0
P)
P)
.5
.7
0
D
( )
(D)
0
0
.3
P)
n
0
0
p)
.4
0
0
.4
0
25.1
0
o3.4
2.6
P)
P)
2. See footnote 1 to table 3.
NOTE.—Estimates for 1991 are preliminary.
0
0
0
.1
0
.1
P)0
1.8
P)
.2
0
.2
P)
.3
.2
0
n
3.2
P)
0
p)
.3
o.1
0
0
n0
.4
1.1
o1.1
n.1
0
p)
P)
P)
Japan
P)
P)
.1
.7
417.9
47.1
337.6
32.3
4.3
2.7
1.5
14.4
4.4
10.0
25.0
12.6
1.3
21.8
10.9
4.8
3.0
.2
.5
8.2
24.1
.4
4.6
.1
74.8
53.8
47.2
6.6
21.0
12.9
136.3
59.5
24.2
35.3
76.8
5.2
1.6
3.6
7.7
6.8
1.9
0
1.9
4.9
4.5
2.5
3.9
57.1
45.8
43.0
2.8
11.3
122.7
53.5
20.7
32.7
69.2
18.3
32.6
18.3
P)
P)
P)
P)
149.4
9.0
2.2
9.0
8.9
21.8
121.6
0
.3
2.7
8.9
P)
()
P)
P)
P)
35.3
25.3
7.0
21.2
46.7
P)
P)
12.7
7.4
114.9
20.8
19.0
9.9
26.5
.8
4.7
1.5
8.8
n0
n.3
n
6.8
P)
0
P)
0
9.7
7.1
6.4
1.3
14.2
100.9
5.4
39.5
.1
.5
n
n3.9
4.8
1.8
4.4
4.0
n
4.0
22.9
4.8
12.3
45.4
45.3
.1
11.2
5.9
99.3
19.0
18.2
8.5
25.2
9.4
5.9
5.2
1.2
6.6
90.0
5.2
P)
P)
43.2
7.5
48.6
29.1
.1
1.9
.3
1.6
1.4
9.1
.4
7.6
8.6
5.5
136.9
70.4
21.6
13.5
0
103.2
53.6
12.0
0
.1
P)
(*)
o0
0
3.5
31.4
13.0
18.4
12.1
23.8
13.0
O
0
0
P)
83.8
P)
P)
.1
18.1
P)
P)
n.7
.2
.2
.1
0
5.5
8.4
5.5
0
2.5
0
0
0
.1
P)
P)
P)
0
.4
1.2
P)
.6
.7
25.9
6.6
16.5
25.0
24.4
8.9
15.6
43.0
23.1
0
0
P)
9.9
P)
7.2
8.6
200.6
19.3
6.2
26.6
1.4
53.2
9.8
90.9
41.3
Australia
51.7
3.8
2.9
2.1
2.4
5.7
15.3
6.5
.5
12.5
50.8
6.5
11.7
2.1
6.5
39.8
P)
3.4
3.0
12.0
65.5
5.1
16.9
4.2
12.8
P)
.8
26.6
.4
26.3
32.6
60.7
706.5
2.9
1.3
3.8
696.9
140.0
293.7
52.9
240.8
27.7
42.5
43.1
69.7
80.2
Unspecified2
154.4
4.1
5.1
33.2
203.1
18.3
48.9
22.8
26.2
37.6
81.2
17.1
942.7
52
5.5
7.3
19.3
P)
P)
27.2
1.4
0
12.7
141.1
2.4
(D)
37.2
34.1
15.0
13.2
436.6
Services
Hotels and other lodging places
Business services
Computer and data processing services
Other business services
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
Accounting, research, management, and related services .
Health services
Other services
2.7
2.9
24.9
131.0
146.5
33.7
1.5
10.0
8.2
1,060.8
.7
113.2
510.1
29.7
266.8
51.6
161.9
121.2
276.1
(D)
226.4
P)
Of which:
Total
292.5
United
Kingdom
.1
.6
1.5
Africa
Switzerland
1.0
P)
Asia and Pacific
Middle
East
Netherlands
34.5
25.6
8.9
.1
Real estate
Germany
and
Other
Western
Hemisphere
.9
P)
P)
0
.1
.8
6.7
14.9
13.8
1.9
4.5
P)
fl
P)
0
26.2
6.1
5.8
P)
1.9
.1
3.7
0
1.3
P)
P)
n.9
P)
18.4
1.7
.3
.3
.3
0
123.4
77.6
36.7
8.8
0
6.3
8.6
2.0
.4
.1
1.9
12.5
13.1
.6
P)
P)
n
8.3
.5
7.8
24.7
78.6
3.1
P)
64.5
P)
4.4
.9
5.9
3.4
106 • May 1993
SURVEY OF CURRENT BUSINESS
Table 12.1.—Total Assets of Nonbank U.S. Affiliates, Industry of Affiliate by Country of Ultimate Beneficial Owner, 1990
[Millions of dollars]
Europe
Of which:
All
countries
Canada
Total
France
All industries .
1,550,238
Petroleum
Petroleum and coal products manufacturing .
Other
101,179
Manufacturing
429,079
Food and kindred products .
Beverages
Other
Chemicals and allied products
Industrial chemicals and synthetics ....
Drugs
Soap, cleaners, and toilet goods
Other
68,269
32,910
45,987
18,159
27,828
137,803
86,985
26,766
14,563
9,490
Primary and fabricated metals .
Primary metal industries
Ferrous
Nonferrous
Fabricated metal products ...
47,536
29,612
16,296
13,317
17,924
Machinery
Machinery, except electrical
Office and computing machines
Other
Electric and electronic equipment
Audio, video, and communications equipment.
Electronic components and accessories
Other
74,941
33,760
11,366
22,394
41,181
11,723
9,729
19,729
Other manufacturing
Textile products and apparel
.•
Lumber, wood, furniture, and fixtures .
Paper and allied products
Printing and publishing
Newspapers
Other
Rubber products
Miscellaneous plastics products
Stone, clay, and glass products
Transportation equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Other
Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplies
Metals and minerals, except petroleum
Electrical goods
Machinery, equipment, and supplies
Other durable goods
Groceries and related products
Farm-product raw materials
Other nondurable goods
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores ..
Other
Finance, except banking .
122,811
5,676
2,430
9,951
26,509
D
()
13,578
5,066
25,154
15,453
10,992
4,461
13,333
5,662
160,276
48,466
8,632
15,217
27,031
17,187
12,576
5,769
8,817
16,580
14,475
11,774
6,792
13,856
328,603
227,219 746,000 77,500
6,243
8
72,892
9,160
nn
67,970
57,449
10,521
262,417 40,175
30,176
8,217
21,960
89,705
() 44,122
17 23,864
(D) 13,370
8,349
207
4,943 20,297
7,907
4,335
2,348
5,558
608 12,390
nn
5,895
862
(D)
n
5,033
n
139
1,030
155
2,442
8,445
°
()
n
1,726
705
1,621
105
135
5,726
3
490
896
n
287
16
2,165
16,633
(
()D)
2,204
2,129
26,366
45,552
17,377
4,795
12,582
28,175
6,840
4,936
16,399
76,687
2,968
1,676
4,985
16,531
39
16,492
6,573
3,244
17,013
7,649
3,351
4,298
11,823
4,226
55,973
15,205
2,285
4,981
1,808
5,318
6,230
3,973
6,738
9,434
23,886
2,085
10,007
3,515
8,279
122,887
Insurance
205,567
51,977
105,137
Real estate
112,353
28,982
26,582
Services
Hotels and other lodging places
Business services
Computer and data processing services
Other business services
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
Accounting, research, management, and related services ....
Health services
Other services
Other industries
Agriculture, forestry, and fishing
Mining
Coal
Other
Construction
Transportation
Communication and public utilities .
D
Suppressed to avoid disclosure of individual companies.
* Less than $500,000.
6,375
D
)
2,234
1,309
925
7,146
(D)
n
76
244
8,690
(D)
1,269
D
4,375
1,957
D
()
2,419
()
491
17,730
214D
()
25
(D)
0
B
881
6,824
2,314
(D)
n
706
455
8,804
52
57
900
149
134
504
328
8
1,226
s
163
D
9,537
1,337
Germany
Switzerland
United
Kingdom
Asia and Pacific
Of which:
Africa
100,009 90,927 114,524 268,530 38,343
Middle
East
United
Total
23,063
()
720
40,432 21,071
33,996
97,288
7,287
1,634
582
83,674
17,834
425
29
396
(D)
0
0
0
0
5,859
2,420
3,439
326
88
238
1,325
0
1,325
19,054 12,338
15,763 3,147
659
2,323
309
n
3,308
910
206
704
2,399
9,078
3,092
245
2,847
5,985
(D)
2,101
D
8,666
496
280
334
2,162
3
2,160D
()
569
1,514
733D
()
(D)
(°)
8
565
13,272
202
12,478
29,978
8,509
8 8
824
0
0
0
824
()
131
63
68
()
344
40
6,988
4,112
1,517
2,837
1,177
327
0
2,510
1,177
1,276
340
8,182 10,957
(D) 5,926
(D) 2,472
3,454
2,045
5,031
8
43
H()
258
32
(D)
()
463
49
324
n
1,262
34,406
1,499
992
1,026
11,345
(D)
1,188
(D)
8
()
220
76
1,026
7,453
(
3,087
(D)
7,536
321
65
()
852
n10
2,258
52,341
1,179
D
18,529
11,399
532
1,648
385
1,384
283
1,812
71
1,016
5.3 S
D
16,525
()
11
4
3,299
9
258
8,871 20,772
16,657
7,525
2,007
3,385
27,029
17,530
5,320
12,210
24,392
3,870
1,703
1,614
10,104
38,950
7,347
12,873
4,378
8,495
(D)
3,515
1,045
(D)
7,271
5,289
2,602
1,379
286
1,094
4
916
283
0
104
931
24
105
92
14
6
508
80,042
5,227
16,961
2.546
14,415
14,796
25,500
17,558
15,297
274
4,806
280
4,525
936
6,756
2.525
42,198
2,924
8,994
1,919
7,075
9,321
6,932
14,026
4,149
688
374
1
373
1.052
395
1,640
2,572
537
604
()
965
466
1
673
80
433
()
3
31
124
0
3
()
244
n
107
81
0
2,023
(D)
D
1,308
30,682 11,070
10,043
26,763
511
2
2
0
121
NOTE—Estimates for 1990 are revised.
451
6,515
1.102
5,413
6,324
35
696
0
3,699
400
305
2,403
(D)
()
91
26
23
0
41
1,439
979
50
0
50
32
209
168
65,056
n
8
592
2,553
825
1,728
18,259
15,654
11,878
3,776
2,605
3,536
13,557
11,457
10,745
711
2,100
0
0
0
0
0
1,299
100D
()
(D)
0
22,594
14,818
6,262
8,555
7,776
912
4,577
2,286
nn
0
27,035
1,323
592
2,301
1,358
1
1,357
D
8
8
(I
2
8
186
21
()
n
n
0
(D)
0
10
2,291
0
0
0
7
0
0
0
10
0
10
0
0
( )
1,025
6,082
6,061
6,021
41
1,374
352
94,374
32,581
6,207
8,721
24,643
10,072
5,371
1,210
1,921
3,650
1,714
3,682
1,361
1,345
63
0
605
0
2
0
603
2,165
3,681 20,208
4,020
167
7,616
2,713
1,126
2,444
6,489
269
3,482
17
917
(D)
442
65
D
(D)
72
()
1,010
0
0
10,246
n
18
3
0
0
15
P)
2
0
0
0
0
0
0
0
0
0
0
0
0
0
2
(D)
1,818
8
1,811
7,853
4,175
1,978
1,001
699
347
248
8
8
5,342
382,677
127
0
2,677D
()
(D)
60
282
278
7,987
Japan
9,928
5,930
2,067
1,013
919
nD
(0)
0
(D)
35
1,138
33
5,361
1,846
3,395
29
858
29
2,537
0
7,139
1,465
(D)
225 13,311 2,300
2,748
954D
47
0
46
()
197
365
967
147
90
344
77
479
1,290
629
529
3,478
373
215
1,232D
31
142
()
1,092
387
3,723
n
8,724
6,940
1,833
5,107
4
0
4
0
2,715
315
0
41
Australia
23,834 460,863 46,073
651
(D)
(D)
1,310
190
1,120
3,104
172
609
339
270
887
111
82
564
679
86,243
Netherlands
Latin
America and
Other
Western
Hemisphere
D
n
0
(D)
0
20
()
1,471
H
1,508 166,315
4,289
°)
n
1,116
949
9
41,980
39,873
18,163
1,409
112
1,297
(D)
206
552
nD
()
()
274
(D)
n
0
nn
705
1,617
n
n
4.066
11.465
836
22,485
1,290
215
1,365
n
nn
()0
8(D)
20
o
n
n
1,003
3,779
6,034
6,021
14
1,234
735
0
0
0
6
0
6
0
0
86,364
541
31,449
5,852
7,553
23,038
9,510
4,910
952
1,749
1,352
(°)
0
0
329
0
18
0
D
1,994
386
102
8
423
154,287
4,287
10,053
18,608
12,592
5.857
6,735
6,016
661
4,076
1,279
1,431
1,417
()0
482
7
475
47
2
53
11,196
0
720
28,094
15,263
898
78
820D
()
188
470
()
6,627
n0
n
n
628
3
717
n
n
n
n
3,247
1.272
10.021
n
n
657
37,005
9
2
0
0
3
14
0
14
n
May 1993
SURVEY OF CURRENT BUSINESS
•
10 J
Table 12.2.—Total Assets of Nonbank U.S. Affiliates, Industry of Affiliate by Country of Ultimate Beneficial Owner, 1991
[Millions of dollars]
Latin
Amer
ica and
Other
West- Africa
NetherSwitzerUnited
ern
Germany lands
land Kingdom Hemisphere
Europe
Asia and Pacific
Of which:
Of which
All
ountries Canada
Total
France
All industries
Petroleum
Petroleum and coal products manufacturing
Other
Manufacturing
Food and kindred products
Bever,
Other
,743,762 234,439 873,770 160,737
102,052
68,080
33,973
448,592
48,178
19,356
28,822
8,112
I-!
67,177
56,904
10,273
72,845 276,917
9,913
5,913
P)
44,129
31,333
8,832
22,501
2,286
943
1,343
n
n
96,879
(D)
45,104
(D)
27,052
D
653
686
D
()
23,388
43,586 21,169
34,905 100,048
1,489
0
1,489
(D) 18,092
(D) 1,497
444 16,595
348
107
242
21,641 12,624 14,485 31,789
15,946 3,411
225
74 13,625
(D)
D
3,078
(D)
()
(D)
(D)
(D) 7,935
(D)
7,067
(D)
14,127
10,597
Primary and fabricated metals
Primary metal industries
Ferrous
Nonferrous
Fabricated metal products
50,931
33,210
18,889
14,321
17,721
5,146
4,481
1,744
2,737
665
22,042
9,206
2,847
6,359
12,836
9,707
(D)
1,190
(DD)
()
3,571
818
216
601
2,754
712
4
4
0
709
1,491
1,112
0
1,112
379
4,254
3,077
534
2,543
1,177
2,608
Machinery
Machinery, except electrical
Office and computing machines
Other
Electric and electronic equipment
Audio, video, and communications equipment
Electronic components and accessories
Other
79,426
35,096
11,036
24,059
44,331
12,031
8,365
23,935
6,261
49,251
18,906
3,975
14,930
30,345
7,090
4,119
19,136
7,380
1,806
(DD)
()
5,574
(D)
()
3,456
9,364
3,645
229
3,417
5,718
(D)
1,196
(D)
(D)
135
64
71
7,740 10,774
(D) 5,564
48
(DD)
( ) 5,210
( D) 1,343
( ) 1,155
(D) 2,712
264
260
136
124
4
0
4
0
77,411
3,239
473
1,797
2,488
5,171
8,750 15,301
37
(D)
(») 15,263
5,776
706
3,458
(D) 17,781
2,489
7,231
1,562
3,052
926
4,178
137 14,230
3,428
100
16,984
199
(D)
40
(D)
0
923
6,830
2,102
8,662
437
280
344
1,805
3
1,802
(D)
570
1,549
892
n
n
729
I'3)
1,364
479
n
4,543
55,863
15,388
46
2,520
(D) 4,672
488
1,577
381
5,561
6,803
(D) 3,693
16
7,510
(D) 8,138
9,381
39
58
913
178
139
583
403
()
19,197
11,893
595
1,858
361
1,475
377
1,490
69
1,079
51,152
13,560
17,267
6,364
13,960
16,285 25,179
(D) 1,952
1,487 11,862
1,924
3,306
(D) 8,059
1,624
66
508
200
850
7,542
Finance, except banking
377,086
34,978 136,245
11,538
17,386
Insurance
302,859
52,629 200,132
Other manufacturing ....
Textile products and apparel
Lumber, wood, furniture, and fixtures
Paper and allied products
Printing and publishing
Newspapers
Other
Rubber products
Miscellaneous plastics products
Stone, clay, and glass products
Transportation equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Other
Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplies
Metals and minerals, except petroleum
Electrical goods
Machinery, equipment, and supplies
Other durable goods ...
Groceries and related products
Farm-product raw materials
Other nondurable goods
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores
Other
Real estate
Services
Hotels and other lodging places
Business services
Computer and data processing services
Other business services
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
Accounting, research, management, and related services .
Health services
Other services
Other industries
Agriculture, forestry, and fishing
Mining
Coal
Other
Construction
Transportation
Communication and public utilities .
D
Suppressed to avoid disclosure of individual companies.
* Less than $500,000.
125,644
6,265
2,635
10,245
25,422
(D)
11,478
6,340
25,835
16,443
11,174
5,269
15,917
5,065
173,898
53,793
9,699
15,367
31,865
17,247
13,254
6,308
9,647
16,719
D
}
771
n
n
130
n
n
1,238
n
(D)
114,238
25,458
26,815
532
91,006
28,452
19,483
5,852
13,630
24,950
4,048
2,026
1,880
10,168
3,248
220
739
479
259
732
115
73
565
804
40,351
7,762
14,179
4,451
9,728
(D)
3,694
1,150
()
6,315
6,039
3,080
1,327
221
1,105
4
1,154
358
0
117
82,879
4,921
19,117
5,298
13.819
13,965
26,294
18,581
16,339
290
4,914
266
4.648
776
7,660
2,700
45,092
2,500
12,579
4,758
7.821
8,668
7,027
14,317
(D)
370
408
1
407
941
243
n
n
296
80
(D)
136
0
n
n
0
(D)
(D)
46
339
n0
n12
4
3,369
28
343
215
53
476
(D)
254
56
(D)
4,448
n
n
5,454
76
(D) 1,170
n
I?
0
s( )
(D) 35,138 2,412
1,620
264
299
1,028
32
3
D
1,158
42
(D)
( ) 10,557
(D)
29
0
2
10,527
(D)
35
1
(D)
1,292
27
118
5,501
1,526
(D)
3,057
0
5
659
0
3
2,398
0
1
9,163
1,579
1
222
(D)
(D)
n
n
(D)
255
n438
70
762
C)
109
(°1)
187
0
(
(
(
8,433
4,585
1,962
1,061
826
1J
C
C
16
5,710 12,900
5,316 11,352
(D) 10,743
609
393
1,548
C
C
C
C
C
(D) 19,830
0 17,745
0 13,805
0
3,940
(D) 2,086
2,357
10,121
3,790
3,610 20,710 2,645
4,021
133
575
8,427 1,907
2,841
1,084
2,572
(D)
7,343
269
(D)
3,921
18
92
997
4
(D)
113
511
24
0
(D)
(DD)
36
42
()
24,393
223 28,650
0
1,366
(D) 1,379
329
27
255
(
D
2,353
(D) 1,436
1,207
(
)
O
1
0
1
0
1,206
(
(D)
0
0
(D)
0
2,058
10
2,035
0
6,223 2,269
3,896
11
6,703
0
6,571
0
6,557
0
6,557
11
146
0
14
0
1,549
7
1,421
0
864
(D)
(DD
(
sn(DD)
()
0
(D) 27,191
520
435
3
7,133
3
894
0
6,239
134
5,957
(D) 1,830
259 11,835
NOTE—Estimates for 1991 are preliminary.
(D)
1,028
5
0
5
80
348
(D)
21
n
3,250
l?
212 108,296
52 38,141
67
7,014
0
9,301
29,716
10,417
0
5,430
(D) 2,001
0
2,022
5
4,255
fl
6,954
826
(D)
n
n
( ) 11,064
46,100
(D) 1,063 43,322
18,970
( ) 828
O0 (( D) 2,303
539
1,764
0
0
0
11
221
2
0
778
0
0
(IJ)
0
(D)
4
0
D
1n
01
n
3,928
n3
n0
()
n
0
(D)
64
(D)
2
1,310
?
D
n
n
(D
42
C
42
(DD
(
21
(D
23,076
14,454
6,571
7,883
8,621
729
4,032
3,860
(D) 191,581
0
142
0
90
25
27
20,638
13,847
6,158
7,689
6,791
529
3,517
2,745
298
201
18
(D)
5,348
512
3,180
926
2,254
566
0
2
0
564
45,329
36
36
0
2
8
n
n
(D)
0
0
0
(D)
17,888
n
n
6
69,543
1,674
6,593 2,100
261
(DD)
(D)
(D)
1,872
()
(D) 1,355
19,870 26,678
689
67
541
12,086
6,495
(D)
2
0
0
0
0
0
0
0
0
0
0
0
0
0
2
(D
89,191
(D) 11,140
0
6,770
(D) 2,052
3
1,085
0
1,233
(D)
(D)
0
(D)
()
1
(D)
0
(D
0
0
0
0
0
0
0
0
(D)
0
(D
1,803
8
1,794
611
(DD)
()
0
(D)
11
(D)
Japan
362
1,912
0
0
(D)
0
(DD)
()
(D)
0
(D)
38,755
968
26
118
102
16
6
475
D
()
(D)
9
8 8
891
12,429 2,378
903
21
47
(D)
865
288
76
83
1,666
396
3,785
814
1,202
245
100
(D)
2,447
384
51,571
7,206
(D)
2,979
0
199
89
80
619
368
39
1,358
227
3,570
3,259
(D)
0
(D)
[ }
209
(
1,599
281
7,771
(DD)
()
(D)
238
United
States
Australia
8,773
( ) 7,782
0
(D)
144,412
85,581
31,333
15.444
12,054
Chemicals and allied products
Industrial chemicals and synthetics
Drugs
Soap, cleaners, and toilet goods
Other
D
7,012
P) P)
()
Total
(D) 23,583 516,560 47,591 436,949
118,267 98,933 116,260 284,563 39,824
1,110
188
922
Middle
East
I?
n
n
99,187
36.839
0
6,595
(D) 8,027
0 27,835
21
9,736
(D) 5,022
0
1,689
1,805
1,579
1,639
1,755
n
(D)
0
(D)
5
(D)
n
n
n
n
n
n
n
4,059 179,640
(D)
1,663
1,814
40,589
(D) 30,891
0 16,028
492
1,767
7
490
485
1.277
I5
()
0
22]
36
704
2
(D)
70
(D) 18,415 10,287
290
749
0
386
3
0
383
123
(D) 4,089
11.115
3
n
6,289
814
(D)
403
ID
/D
(D
c
(D
c
c
c
6
0
6
0
0
694
(D5i
0
0
394
0
18
0
(D)
(D)
0
0
2
nD
()
(D)
(D)
c
(DJ
n
9
2
0
0
n
n
n0
7,194
671
n28
n
3,293
1.386
n
n n
14
0
14
n
n0
108 • May 1993
SURVEY OF CURRENT BUSINESS
Table 13.1 .-Gross Product of U.S. Affiliates, Industry of Affiliate by Country of UBO, 1990
[Millions of dollars]
Europe
Of which:
Canada
Total
Franca
All industries
Petroleum
Petroleum and coal products manufacturing
Other
Germany
N-J-f
**»•
^
Australia
8,670
1,254
3,104
46,526
P)
P)
P)
P)
2,927
465
2,462
P)
1,938
795
15,051
24,409
P)
P)
18,976
17,004
1,972
P)
106
26
79
287
126
0
P)
119,704
20,968
76,287
9,562
14,305
6,078
10,768
27,699
2,819
Food and kindred products
Beverages
Other
10,944
3,452
7,493
1,743
7,954
2,117
5,837
612
349
263
101
29
73
632
0
632
P)
P)
83
-1
83
P)
294
4,196
186
4,010
Chemicals and allied products
Industrial chemicals and synthetics
Drugs
Soap, cleaners, and toilet goods
Other
37,387
22,369
8,934
3,537
2,547
25,070
11,072
8,347
3,363
2,288
1,483
6,913
5,257
252
1,179
226
2,601
4,426
79
4,056
8,721
3,278
3,402
P)
66
P)
P)
Primary and fabricated metals
Primary metal industries
Ferrous
Nonferrous
Fabricated metal products
14,623
8,319
4,566
3,753
6,304
1,773
1,255
302
66
236
954
474
0
0
0
474
578
442
0
442
135
Machinery
Machinery, except electrical
Office and computing machines
Other
Electric and electronic equipment
Audio, video, and communications equipment ...
Electronic components and accessories
Other
23,219
10,130
3,189
6,941
13,089
4,766
2,274
6,048
2,511
298
25
273
3,053
922
118
804
2,131
P)
2,736
658
131
18
Other manufacturing
Textile products and apparel
Lumber, wood, furniture, and fixtures
Paper and allied products
Printing and publishing
Newspapers
Other
Rubber products
Miscellaneous plastics products
Stone, clay, and glass products
Transportation equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Other
33,530
2,046
879
3,189
5,462
1,140
4,321
3,976
1,225
5,958
3,849
2,645
1,205
4,319
2,628
Manufacturing
-6
73
38
1,462
489
973
311
2,214
6,754
2,267
725
1,543
4,486
3,721
86
34
24
21,536
1,194
581
2,171
2,340
P)
2,244
819
Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplies
Metals and minerals, except petroleum
Electrical goods
Machinery, equipment, and supplies
Other durable goods
Groceries and related products
Farm-product raw materials
Other nondurable goods
24,392
6,451
1,873
1,729
4,154
1,873
2,063
1,596
966
3,687
982
29
19
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores
Other
17,130
3,476
7,092
1,880
4,682
5,753
8
122
46
1
389
P)
817
621
311
1,133
393
P)
322
285
37
70
31
37
2,614
14,974
5,747
947
4,800
9,227
2,570
1,353
5,303
343
88
386
2,764
1,122
1,642
199
8
3,891
1,945
P)
P)
739
P)
P)
150
1,398
121
1,117
402
719
1,226
4,018
2,333
10,809
2,209
716
943
722
793
1,238
1,291
761
2,981
235
133
101
563
2
562
509
167
P)
P)
281
522
3
1,366
-18
3
138
60
49
124
149
3,914
1,895
183
416
282
69
2,136
P)
13
219
10,002
511
6,086
989
2,417
592
3,967
200
53
3,362
43
P)
P)
29
-2
31
P)
P)
P)
16
0
P)
P)
0
P)
218
P)
84
22
0
22
-5
2
627
1
115
41
5
14
P)
80
16
P)
1,433
P)
P)
P)
269
P)
P)
P)
30
P)
P)
28
15
P)
P)
59
15
P)
(
1
P)
10
15
310
23
23
0
645
329
1150
72
14
26
160
102
10
P)
P)
P)
P)
0
53
5
Finance, except banking
5,014
726
1,406
2,498
5,369
36
89
76
297
1,037
P)
P)
1,151
614
136
478
537
3,557
1,812
457
1,355
1,745
361
349
1,035
10,075
648
378
518
1,260
P)
P)
P)
317
1,488
1,046
260
786
2,559
9,545
44
8
8
6,349
1,814
29
241
384
Services
Hotels and other lodging places
Business services
Computer and data processing services
Other business services
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
Accounting, research, management, and related
services
Health services
Other services
16,690
951
10,924
688
6,076
1,935
4,141
256
1,356
1,234
457
355
6
305
340
80
0
Other industries
Agriculture, forestry, and fishing
Mining
Coal
Other
Construction
Transportation
Communication and public utilities
17,690
Real estate
0
0
0
0
0
0
p)
3
13
170
18,842
2,321
14,933
0
0
0
1,093
340
753
178
542
171
371
17
0
17
1,474
n
102
221
0
P)
P)
P)
P)
P)
P)
P)
P)
1,117
140
0
10
17
n
o
0
0
0
0
0
0
0
0
0
0
0
0
P
26
P)
-1
0
-1
1
0
0
0
26
-1
P)
P)
6
1
434
1,025
1,961
843
3,459
522
2,938
4,061
7,359
1,968
* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
219
71
148
109
17
352
612
346
266
(*)
311
55
48
8
(*)
220
14
-1
860
91
768
395
2,019
P)
6,822
451
2,039
353
1,686
2,450
923
959
119
90
2
88
414
143
1,034
72
P)
-2
678
132
P)
P)
1
26
13
0
4
P)
27
358
P)
P)
42
P)0
1,677
11
1,414
P)
P)
P)
53
(
S
R
1
8
24
0
7
10
7
1,183
723
179
92
189
4,581
4,046
3,213
834
534
859
3,532
3,205
3,042
163
327
5,496
3,888
2,144
1,744
1,609
293
23
0
23
269
P)
P)
P)
P)
848
6,199
350
208
553
P)
fl
P)
180
1,199
1,579
1,641
-62
230
3
8
P)
15
P)
967
0
P)
P)
P)
4,563
3,274
2,017
1,257
1,288
185
804
299
5,112
338
52
342
P)
0
P)
0
2
533
0
0
0
4
P)
173
664
1,644
1,641
3
208
81
P)
P)
0
P)
P)
2,667
121
265
170
97
32
662
365
45
909
644
8
-4
-1
15
130
142
40
2
314
249
0
0
244
0
6
0
4
11,480
4,175
1,118
496
3,409
728
631
149
202
572
1,841
74
421
P)
818
36
P)
P)
P)
P)
391
104
265
7
0
0
0
7
P)
P)
924
627
18
2,149
P)
2,821
64
P)
218
-30
86
473
175
538
2,385
P)
2,125
5,398
454
3,200
403
2,797
281
411
761
48
681
143
132
8
8
3,837
1,530
315
P)
P)
p)
0
l
°l
{D)
o
p)
0
1
0
P)
165
637
98
2,456
7,341
2,284
5,058
1,905
1,568
34,806
16
P)
1
-8
9
0
8,055
P)
P)
82
83
-1
0
-1
0
Japan
136
8
8
P)
United
States
P)
P)
P)
P)
p)
827
1,384
513
-1
0
502
Insurance
Of which:
Total
8,279
141,979
P)
Africa
53,746
39,163
26,712
20,461
6,252
Asia and Pacific
Middle
15,158
243,227
18,687
Latin
America
and Other
Western
Hemisphere
169
P)
P)
3,643
138
1,319
166
1,152
1,043
534
609
8
27
1
-12
0
16
231
0
-29
19
58
o
26
P)
P)
P)
NOTE—Estimates for 1990 are revised.
0
o
-1
0
0
4
P)
29
P)
P)
P)
P)
P)
0
3
0
2
P)
0
86
P)
6,002
159
470
D
)
°)
910
4,271
192
449
3,295
700
582
102
194
232
654
71
30
1
83
652
0
2,110
2,745
1,178
150
P)
P)
P)
95
99
165
10,638
3,989
1,096
-1
-1
11
81
P)
89
1,501
(D
^
97
1
96
P)
3.771
P)
139
373
20
353
459
408
122
May 1993 •
SURVEY OF CURRENT BUSINESS
Table 13.2.-Gross Product of U.S. Affiliates, Industry of Affiliate by Country of UBO, 1991
[Millions of dollars]
Latin
Europe
All
countriGS
Of which:
Canada
Total
France
Germany
Netherlands
Switzerland
United
Kingdom
Asia and Pacific
America
and Other
Western
Hemisphere
Of which:
Middle
East
Africa
Total
Australia
Japan
258,370
39,185
151,077
18,282
26,001
18,948
15,897
54,711
8,771
1,212
3,803
51,419
8,537
39,400
25,166
18,315
6,851
P)
P)
P)
16,974
15,243
1,730
P)
P)
P)
13
-53
66
P)
P)
7,107
3,283
2,294
443
P)
P)
P)
P)
P)
P)
P)
P)
P)
P)
268
99
g
89
170
P)
-68
3
-71
124,222
19,829
81,588
10,891
14,701
6,393
11,128
29,972
2,681
481
167
19,381
2,970
15,121
Food and kindred products
Beverages
Other
11,965
3,655
8,310
1,755
8,735
2,281
6,454
624
126
36
90
713
0
713
P)
4,775
81
270
4,505
201
140
61
707
209
498
Chemicals and allied products
Industrial chemicals and synthetics
Drugs
Soap, cleaners, and toilet goods
Other
37,986
21,402
10,063
3,632
2,889
26,794
11,561
9,202
3,416
2,616
1,612
7,159
5,380
2,724
4,784
4,384
24
0
24
10
45
1,074
P)
P)
P)
P)
8
-1
0
O
140
237
35
0
9
19
7
1,314
6
0
0
0
0
0
1,532
317
9,486
3,461
3,742
P)
P)
P)
0
0
0
1,349
168
45
0
45
Primary and fabricated metals
Primary metal industries
Ferrous
Nonferrous
Fabricated metal products
14,751
8,338
4,832
3,506
6,413
6,759
2,326
2,726
1,286
P)
P)
P)
319
76
244
967
566
150
416
583
P)
P)
P)
P)
P)
P)
P)
P)
P)
13
0
0
0
13
4,796
4,120
3,457
1,576
289
470
324
0
324
145
1,149
801
375
-2
-2
0
377
3,012
2,591
2,445
663
676
P)
P)
P)
P)
Machinery
Machinery, except electrical
Office and computing machines
Other
Electric and electronic equipment
Audio, video, and communications equipment
Electronic components and accessories
Other
24,277
9,992
2,978
7,014
14,285
5,073
1,783
7,429
16,265
6,284
1,336
4,948
9,981
2,835
1,033
6,113
2,000
3,227
1,212
P)
2,820
578
3,705
1,953
49
50
P)
P)
P)
P)
P)
-1
P)
P)0
p)
-9
P)
106
5,121
3,206
1,545
1,661
1,915
288
30
0
30
257
4,604
3,0791,469
1,611
1,525
32
58
355
320
1,076
-8
-1
0
P)
P)
P)
16
P)
158
578
789
Other manufacturing
Textile products and apparel
Lumber, wood, furniture, and fixtures
Paper and allied products
Printing and publishing
Newspapers
Other
Rubber products
Mfscellaneous plastics products
Stone, clay, and glass products
Transportation equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Other
35,243
2,352
23,036
1,356
P)
P)
0
-1
0
891
206
3
16
17
3
14
2
29
n0
P)
6,584
P)
P)
870
0
32
5,484
0
0
0
0
0
0
0
0
0
0
0
0
All industries
Petroleum
Petroleum and coal products manufacturing
Other
Manufacturing
810
P)
P)
P)
P)
P)
76
35
P)
1,388
465
923
P)
2,713
353
86
267
2,360
P)
50
P)
P)
355
104
464
3,353
5,445
2,619
965
P)
4,480
3,294
1,378
5,712
4,413
3,094
1,318
5,965
2,520
Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplii
Metals and minerals, except petroleum
Electrical goods
Machinery, equipment, and supplies
Other durable goods
Groceries and related products
Farm-product raw materials
Other nondurable goods
26,354
7,257
2,174
1,689
4,541
1,944
2,458
1,680
1,091
3,520
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores
Other
n
1,525
4,433
574
2,278
2,434
P)
P)
1,929
P)
P)
(
?
1,105
2,016
P)
P)
P)
372
813
P)
116
29
3,929
2,902
78
28
31
226
144
91
P)
P)
0
P)
P)
P)
2
P)
P)
920
130
P)
3,917
1,934
1,282
P)
P)
65
51
908
11
35
P)
42
94
45
494
216
499
212
839
P)
P)
1,095
5,555
2,138
297
204
634
35
1,490
4,092
2,015
10,864
2,231
742
879
599
941
1,533
1,307
1
331
1,744
20,450
4,098
9,601
2,011
4,740
6,102
10,863
898
585
6,877
887
32
-1
33
P)
1,422
190
634
388
P)
P)
-4
21
110
54
49
135
184
P)
203
446
P)
287
85
P)
P)
P)
51
0
P)
P)
0
P)
P)
21
105
21
0
21
-5
2
769
8
121
38
12
29
P)
93
17
P)
P)
12
191
P)
4,144
1,699
P)
P)
53
P)
P)
P)
6,865
1,099
2,402
796
17
293
70
416
748
1,739
76
11,889
P)
7,217
5,834
1,873
1,047
Services
Hotels and other lodging places
Business services
Computer and data processing services
Other business services
Motion pictures, including television tape and film ..
Engineering, architectural, and surveying services .
Accounting, research, management, and related
services
Health services
Other services
16,820
2,875
7,227
2,253
4,974
1,274
1,757
1,129
10,841
Other industries
Agriculture, forestry, and fishing
Mining
Coal
Other
Construction
Transportation
Communication and public utilities
20,756
Finance, except banking
Insurance
Real estate
938
5,739
1,773
3,966
0
26
159
69
10
P)
P)
P)
P)
P)
P)
376
1,285
810
221
589
3,609
P)
-3
-2
-1
1
P)
P)
o
2,466
341
0
0
P)
546
5
-4
-3
4
111
109
30
2
290
1,863
461
P)
246
187
21
204
855
310
40
8
23
23
-1
0
27
n
(*0)
0
0
0
2
0
2
0
0
p)
0
p)
p)
0
p)
688
396
118
537
348
n
348
P)
239
1,197
1,843
8
344
P)
P)
0
P)
0
2
497
0
0
0
4
P)
P)
75
14
28
0
13,504
5,035
1,373
258
544
n
3,896
3
0
2
P)0
391
76
320
P)
()
P)
232
695
1,830
1,828
3
290
143
12,454
4,844
1,351
492
3,761
26
0
6
0
1
679
766
224
201
786
203
n
643
704
156
189
314
P)
2,899
P)
2,565
P)
0
260
p)
P)
P)
490
128
20
1,042
1,061
523
2
119
3,637
62
3,539
P)
70
1,278
781
3,235
62
0
0
172
P)
105
6
224
341
130
220
178
11
789
1,898
107
1,635
1,461
563
4,963
709
65
621
P)
P)
1
-1
-1
0
-1
0
0
165
P)
363
7
316
1,603
P)
575
290
285
68
57
11
P)
3
27
480
14
364
1,259
1,949
P)
108
0
P)
-1
8
0
4
P)
0
0
28
180
P)
P)
P)
P)
9,945
1,019
2,067
379
53
49
2
47
503
110
304
67
P)
645
0
74
1,500
P)
146
421
161
244
272
2,287
13
13
227
0
0
0
435
108
704
339
590
0
774
220
121
198
P)
P)
332
3,290
1,548
1,742
2,404
2,827
1,045
P)
P)
0
P)
10,857
0
8
501
P
-67
950
32
918
69
15
1,752
P)
P)
1,601
4,626
1,628
2,998
3,948
9,294
2,051
P)
27
P)
P)
71
392
957
0
30
6
94
837
92
P)
7
0
0
0
7
( )
' Less than $500,000 (±)
D
Suppressed to avoid disclosure of data of individual companies.
P)
305
117
187
498
P)
0
P)
P)
-4
P)
119
1
49
390
P)
P)
37
P)
0
P)
85
24
499
1,393
2,858
P)
5
279
2,579
8
P)
P)
20
P)
102
441
36
179
P)
9
P)
P)
-13
0
16
3
0
0
P)
3,825
328
104
P)
P)
P)2
47
1
1
0
31
P)
31
1,386
174
1,211
1,024-
612
698
o
n0
(*)
13
73
P)
NOTE—Estimates for 1991 are preliminary.
n2
1
4
0
0
1
0
•'
221
P)
164
0
P)
1
219
P)
P)
3,887
1,648
837
0
2,563
1,251
43
40
2
0
-1
458
P)
P)
P)0
312
96
216
0
0
112
P)
P)
P)
27
42
42
0
P)
P)
1
P)
P)
P)
60
•7
n
P)
60
107
P)
P)
-1
24
140
5,598
3,550
1,486
187
343
7
336
867
0
48
1
48
37
4,007
3,416
194
49
155
294
6
288
393
499
145
P)
109
110 • May 1993
SURVEY OF CURRENT BUSINESS
Table 14.—Gross Product of U.S. Affiliates, Industry by Component, 1990 and 1991
[Millions of dollars]
1990-
Total
All industries
Petroleum
Petroleum and coal products manufacturing
Other
Manufacturing
Employee
compensation
Profit-type
return
1991*
Net
interest
paid
Indirect
business
taxes
Capital
consumption
adjustment
Total
Employee
compensation
Profit-type
return
Net
interest
paid
Indirect
business
taxes
Capital
consumption
adjustment
243,227
163,592
-346
23,328
25,324
31,330
258,370
173,911
-2,839
24,882
28,029
34,386
26,712
20,461
6,252
6,457
4,481
1,976
5,492
4,253
1,239
1,700
1,165
4,451
3,536
6,753
4,527
2,225
1,676
1,093
915
25,166
18,315
6,851
2,531
1,728
535
8,612
7,026
1,587
803
583
9,833
7,749
2,084
4,372
3,217
1,155
119,704
88,730
346
10,015
6,327
14,286
124,222
91,884
-141
10,301
6,540
15,638
1,195
1,689
1,121
1,723
1,242
336
785
7,512
2,133
5,380
1,263
879
811
11,965
3,655
8,310
225
484
711
-208
524
739
857
866
349
893
2,595
1,646
1,535
1,235
4,959
3,780
5,362
3,929
592
325
262
24,501
13,799
6,038
2,671
1,993
1,695
1,380
181
50
69
37,986
21,402
10,063
3,632
2,889
2,392
1,421
450
289
210
2,657
465
276
230
186
56
72
717
370
345
522
309
204
104
214
1,422
14,751
8,338
4,832
3,506
6,413
11,747
6,785
4,182
2 604
4^962
-553
-542
-593
1,256
476
339
233
106
137
1,823
1,264
24,277
9,992
2,978
7,014
14,285
5,073
1,783
7,429
21,309
9,069
2,999
6,070
12,239
3,924
1,778
6,537
-1,909
-1,292
-909
-383
-617
873
441
209
232
433
187
80
166
2,722
1,142
-458
-389
632
206
426
650
205
84
361
35,243
2,352
26,815
1,595
-1,940
4,107
1,772
4,489
810
620
3,353
5,445
2,159
4,377
39
-38
68
66
25
100
83
284
92
481
485
(DD)
()
457
231
523
(D)
369
111
545
739
(D)
(D)
258
123
864
246
142
104
576
276
-285
1,138
203
-90
-41
289
64
51
26
60
29
141
214
263
Food and kindred products
Beverages
Other
10,944
3,452
7,493
7,290
2,046
5,244
-351
-292
Chemicals and allied products
Industrial chemicals and synthetics
Drugs
Soap, cleaners, and toilet goods
Other
37,387
22,369
8,934
3,537
2,547
23,817
14,062
5,427
2,513
1,815
4,481
1,646
2,285
Primary and fabricated metals
Primary metal industries
Ferrous
Nonferrous
Fabricated metal products
14,623
8,319
4,566
3,753
6,304
11,157
6,272
3,637
2,634
4,885
393
395
47
348
-2
1,130
Machinery
Machinery, except electrical
Office and computing machines
Other
Electric and electronic equipment
Audio, video, and communications equipment
Electronic components and accessories
Other
23,219
10,130
3,189
6,941
13,089
4,766
2,274
6,048
20,965
9,009
3,005
6,004
11,956
4,068
2,262
5,625
-2,824
-1,296
-942
-354
-1,528
-211
-680
-637
1,258
630
214
416
628
215
88
326
888
479
231
248
410
172
119
118
2,932
1,309
Other manufacturing
Textile products and apparel
Lumber, wood, furniture, and fixtures
Paper and allied products
Printing and publishing .
Newspapers
Other
Rubber products
Miscellaneous plastics products
Stone, clay, and glass products
Transportation equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Other
33,530
2,046
25,502
1,449
-1,353
3,837
1,692
3,852
879
579
3,189
5,462
1,140
4,321
3,976
1,225
5,958
3,849
2,645
1,205
4,319
2,628
1,955
4,391
-38
101
217
926
-21
4,762
3,330
2,179
1,151
3,210
1,413
-619
-547
-396
-151
(D)
(D)
311
99
535
727
140
587
338
117
787
161
80
81
463
299
55
27
92
88
7
80
249
40
232
250
219
31
(D)
(»)
268
73
390
445
79
366
406
163
996
655
562
93
309
147
Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplies
Metals and minerals, except petroleum
Electrical goods
Machinery, equipment, and supplies
Other durable goods
Groceries and related products
Farm-product raw materials
Other nondurable goods
24,392
6,451
1,873
1,729
4,154
1,873
2,063
1,596
15,795
3,215
1,459
1,187
2,985
1,517
1,437
1,185
-196
1,098
81
-77
9
4,691
1,786
3,004
1,194
966
570
3,687
2,240
151
25
-1
175
175
63
98
123
72
7
129
197
234
257
281
792
389
305
112
103
666
172
155
568
140
163
145
96
371
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores
Other
17,130
3,476
7,092
1,880
4,682
12,500
2,831
4,816
1,426
3,427
-750
-1,059
2,139
1,198
1,699
1,541
747
-323
-115
279
241
421
148
659
335
557
358
590
201
393
Finance, except banking
5,014
4,821
-670
493
79
290
6,877
5,325
194
904
88
366
Insurance
9,545
5,232
2,297
624
996
395
11,889
6,925
1,446
1,539
1,200
780
-58
360
t91
-189
744
170
3,647
3,487
-359
-504
-314
-245
407
216
191
723
937
462
475
484
682
627
1,624
522
485
616
965
762
4,480
3,294
1,378
5,712
4,413
3,094
1,318
5,965
2,520
3,615
3,285
1,164
4,561
3,636
2,373
1,263
4,276
1,141
26,354
7,257
2,174
1,689
4,541
1,944
2,458
1,680
1,091
3,520
17,397
3,522
1,735
1,239
3,689
1,447
1,623
1,214
20,450
4,098
9,601
2,011
4,740
13,825
2,787
5,970
1,480
3,588
644
2,283
432
4,036
873
258
249
51
-11
230
-239
n
n
-917
D
( )
-948
-567
-367
-199
-463
-78
135
77
27
-53
127
-256
966
-311
-273
490
111
214
766
1,282
nD
()
211
(D)
217
262
225
37
141
(D)
734
531
559
473
669
1,580
528
298
754
1,018
835
721
113
450
156
4,342
1,653
3,762
1,589
229
261
669
375
382
119
102
552
236
179
620
140
289
130
104
475
2,102
1,068
2,545
1,851
152
401
229
404
1,430
347
834
223
448
390
573
6,349
1,416
-1,927
3,533
1,394
1,933
5,834
1,378
-2,770
3,518
1,526
2,182
Services
Hotels and other lodging places
Business services
Computer and data processing services
Other business services
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
Accounting research management and related services
Health services
Other services
16,690
2 456
•7,341
2,284
5,058
1,905
1,568
13,799
1 885
6,278
1,697
4,581
1,698
1,373
-2,141
- 1 020
1,718
2,618
14,853
2 320
6,315
1,705
4,610
1,692
1,658
-3,115
-1,360
-224
434
480
493
1,025
1,961
415
905
1,246
-207
1,259
1,949
1,129
1,247
-228
742
236
35
201
404
34
15
18
206
884
445
163
42
121
78
20
14
19
145
2,544
70
-49
43
16,820
2 875
7,227
2,253
4,974
1,274
1,757
1,655
706
198
30
168
521
28
16
16
234
696
322
154
73
81
46
24
12
14
123
Other industries
Agriculture, forestry, and fishing
Mining
Coal
Olher
Construction
Transportation
Communication and public utilities
17,690
14,842
-2,797
2,007
2,811
20,756
15,572
119
798
44
754
136
181
2
179
197
769
723
828
46
254
78
176
101
364
63
Real estate
r
p
D
Revised.
Preliminary.
Suppressed to avoid disclosure of data of individual companie
843
401
3,459
1,523
522
317
2,938
4,061
7,359
1,968
1,206
3,664
8,119
1,135
-16
45
-60
-962
-194
-3,222
-298
562
728
440
289
602
73
41
47
565
142
703
81
622
292
1,329
346
133
-356
-1,213
-46
-84
39
728
736
339
398
313
90
42
55
579
-S25
2,048
1,071
2,891
837
447
32
4,626
1,628
2,998
3,948
9,294
2,051
2,154
1,068
906
241
827
151
175
77
98
152
824
746
50
426
230
196
108
414
73
157
804
175
629
313
1,249
3,583
8,128
1,260
-207
-1,271
-447
1,198
419
May 1993 •
SURVEY OF CURRENT BUSINESS
111
Table 15.1.—Employment by Nonbank U.S. Affiliates, State by Country of Ultimate Beneficial Owner, 1990
[Thousands of employees]
Latin
America
Europe
All
countries
Total
New England:
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
4,734.5
75.9
26.6
131.2
25.9
13.3
7.7
Canada
Total
France
Germany
Netherlands
7.4
61.0
11.9
84.4
15.7
11.3
6.9
.9
12.5
11.4
1.0
13.7
13.9
1.2
.4
.5
3.4
1.8
1.0
1.5
3.1
1.1
.8
.3
8.0
.9
4.8
1.0
.6
1.1
1.1
.4
7.8
1.5
.5
8.0
.5
.7
7.3
.5
.7
6.0
15.3
20.5
24.0
31.1
37.8
29.3
15.0
17.1
20.6
27.9
22.9
24.2
12.6
23.4
16.9
14.9
11.1
26.3
9.0
4.4
4.5
3.3
13.3
14.9
8.6
8.9
4.0
1.5
5.4
4.4
1.2
.2
.7
1.5
2.6
6.4
6.1
1.2
.1
.1
3.8
18.5
28.6
57.6
28.6
52.3
154.0
210.4
164.9
Great Lakes:
Illinois
Indiana
Michigan
Ohio
Wisconsin
245.8
126.9
139.6
219.1
81.4
29.8
16.0
21.7
28.3
13.2
156.0
69.4
77.1
131.2
60.9
12.4
15.8
11.2
15.8
32.8
29.6
89.8
73.7
14.9
6.0
6.9
21.7
18.5
54.5
47.1
10.9
1.7
2.5
3.6
5.8
1.1
.2
.2
Southwest:
Arizona
New Mexico
Oklahoma
Texas
57.1
17.4
43.6
299.5
Rocky Mountains:
Colorado
Idaho
Montana
Utah
Wyoming
Far West:
California
Nevada
Oregon
Washington
Alaska
Hawaii
Puerto Rico
Other U.S. areas'
Foreign 2
15
Suppressed to avoid disclosure of data of individual companies.
* Less than 50 employees.
1. See footnote 3 to table 5.
1.1
(D)
3.7
.6
.1
.2
273.6
6.4
55.7
29.2
205.7
161.0
65.7
61.4
23.6
181.0
104.7
116.9
113.3
34.9
17.2
286.5
1.9
Southeast:
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
134.5
516.2
43.1
11.4
79.6
227.0
347.5
221.6
3.1
4.5
1,050.9
338.9
Mideast:
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
Plains:
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
United
Kingdom
2,894.6
(D)
1.1
2.8
n
10.0
17.3
1.7
1.0
1.1
8.1
5.2
40.7
30.2
11.4
10.4
4.7
29.5
9.6
19.1
18.3
13.0
10.9
2.7
9.7
40.7
10.8
1.6
2.9
34.8
15.9
125.1
96.0
33.6
38.1
13.6
133.4
77.2
74.4
80.2
19.8
24.0
11.0
25.4
197.5
6.5
4.0
2.0
12.0
6.4
2.4
.3
.2
7.1
51.3
38.8
36.2
48.5
5.9
7.2
.2
.4
.8
1.3
.3
.1
.5
.2
.1
21.5
16.1
4.6
.7
1.6
7.7
4.3
2.0
4.4
1.0
5.0
2.5
5.5
2.2
2.2
1.2
1.5
1.6
.2
.8
23.3
35.5
23.8
16.3
3.2
.4
.4
.7
1.3
5.4
(D)
(D)
4.3
.7
2.7
.2
.2
2.0
.3
3.9
(D)
.3
1.3
(D)
12.0
46.1
13.2
53.0
16.1
1.5
.7
1.5
.2
.8
3.7
6.2
.1
.9
.5
.3
.4
.2
.2
1.4
(*)
.1
.4
.8
.8
0
.2
.2
.5
1.8
.4
.2
1.5
1.7
.6
.2
.1
.2
3.7
.5
1.5
4.3
9.0
5.0
.4
.3
.5
1.1
.1
14.5
26.4
11.2
5.8
2.2
3.6
9.6
.6
6.4
2.0
3.3
1.0
4.3
15.0
61.7
20.5
25.0
51.1
15.4
31.3
16.7
30.5
2.0
.7
1.0
36.4
62.7
19.7
11.6
13.1
10.4
2.7
8.3
9.2
1.2
.4
3.7
.1
.3
1.7
1.3
2.6
7.5
1.0
5.5
.7
1.0
2.5
5.9
1.1
17.2
17.0
43.5
89.3
66.7
7.9
6.5
1.5
28.7
2.2
2.2
2.6
6.1
4.7
3.8
2.0
290.2
10.6
21.6
38.8
4.7
4.9
4.3
C)
166.2
n.4
3.5
1.7
7.6
8.8
1.0
2.6
2.5
8.7
4.8
6.9
4.8
2.3
63.6
5.8
16.9
.3
.4
10.8
5.5
47.8
35.2
14.4
14.0
4.6
43.2
17.4
28.1
29.3
8.1
9.6
2.5
12.0
63.9
2.6
1.1
6.5
2.0
o
1.9
1.0
12.0
2.5
1.0
7.7
1.9
1.4
2.8
1.3
5.0
.4
0
.4
n.1
.1
n
.4
.2
.3
2.4
.4
.1
.2
.2
.3
.1
.3
.1
n.2
13.6
2.1
n
.9
O
6.5
0
4.2
3.5
.1
(D)
.4
O
n
0
.4
n
0
(*)
5.8
5.6
1.5
11.6
6.0
3.0
.1
.6
D
( )
6.8
1.8
.2
.5
n.5
10.0
.1
.1
4.4
.7
.3
12.9
1.8
.6
.9
1.4
2.3
3.7
28.7
41.9
13.1
43.3
29.2
23.4
40.1
3.1
3.2
2.1
4.6
4.5
1.1
.1
.4
8.9
1.4
(D)
0
.2
4.8
18.6
12.9
3.0
4.9
1.4
.4
4.4
1.5
4.0
39.3
10.2
21.9
8.1
1.8
.9
1.5
.4
1.6
.6
.8
.3
(*)
5.6
178.4
21.9
134.3
6.5
2.0
1.8
5.2
4.3
8.5
.5
O
n
(*0)
112.5
17.7
2.6
6.6
14.5
.2
.4
(D)
1.3
.8
.2
(D)
0
2.7
1.7
4.7
.7
.5
.4
3.6
.4
.7
.1
o0
o0
NOTE.—Estimates for 1990 are revised.
13.5
33.1
14.8
13.4
21.5
O
ri
2. See footnote 4 to table 5.
.1
.3
1.9
3.1
629.2
7
.8
.4
.5
.2
1.8
.8
.7
.2
0
.2
0
23.9
o
o
Japan
2.2
1.0
6.4
5.2
1.5
1.0
1.0
1.0
.6
3.7
1.1
.3
n2.0
n
1.7
.6
2.9
1.1
.1
0
United
States
Australia
890.6
0
(*)
( ) .4
1.1
2.1
555.9
22.7
39.1
77.5
21.0
8.3
2.6
25.3
.2
.3
1.9
4.0
6.6
6.0
5.9
3.4
10.8
10.5
12.9
17.1
Total
n
O
4.1
.7
8.7
Of which:
Middle
East
Africa
8
17.4
13.8
38.3
5.1
8.1
6.3
.5
3.2
7.5
1.5
1.5
2.2
.9
56.3
11.7
5.7
38.9
14.2
12.2
10.9
Other
Western
Hemisphere
Switzerland
739.1
12.4
22.5
Asia and Pacific
and
Of which:
1.1
8
0
8
6.8
25.2
27.1
18.5
4.1
3.1
11.8
20.4
6.9
42.3
2.8
6.3
2.4
.7
2.7
.1
O
O
7.3
5.4
15.7
18.8
16.3
2.2
1.9
11.7
11.3
15.6
7.0
1.2
j
n
n
()8.2
.6
1.9
.1
.5
.3
n
n0
.1
.1
.5
1.0
.1
.3
.1
1.1
.6
.1
.3
0
)
.5
1.5
n.1
(*)
.4
.3
0
0
12.2
6.0
36.0
1.6
2.7
n
O
3.7
(*)
.1
1.2
.7
.3
.2
n
n
112 • May 1993
SURVEY OF CURRENT BUSINESS
Table 15.2.—Employment of Affiliates, State by Country of Ultimate Beneficial Owner, 1991
[Thousands of employees]
Latin
Europe
Of which:
All
countries
Total
New England:
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
4,809.2
79.7
26.6
129.2
28.2
13.6
7.2
Canada
Tntal
lOIdl
6.9
65.2
11.6
82.2
16.9
10.7
7.7
1.0
14.0
13.2
.9
13.0
13.1
1.3
.4
.3
3.4
1.8
.8
1.5
2.9
1.2
.7
.3
7.6
.8
4.7
1.0
.6
1.1
.4
.3
7.2
1.3
.4
7.4
.6
.6
7.5
.5
.4
5.0
16.2
29.1
21.8
29.9
41.4
31.2
14.9
25.5
20.2
28.0
21.1
13.3
15.5
11.2
15.6
26.9
13.5
21.9
16.8
14.7
11.3
25.3
8.9
4.0
4.0
4.3
15.2
16.8
7.5
8.8
12.5
21.6
n
1.7
2.7
3.5
Great Lakes:
Illinois
Indiana
Michigan
Ohio
Wisconsin
248.0
123.2
139.2
220.1
83.2
28.5
16.2
19.7
25.8
13.8
155.5
71.3
75.8
138.3
62.1
Rocky Mountains:
Colorado
Idaho
Montana
Utah
Wyoming
Far West:
California
Nevada
Oregon
Washington
Alaska
Hawaii
Puerto Rico
Other U.S. areas l
Foreign2
D
Suppressed to avoid disclosure of data of individual companies.
* Less than 50 employees.
1. See footnote 3 to table 5.
56.2
14.8
43.2
309.5
1.2
(D)
3.6
(D)
.1
.2
276.1
9.7
6.2
Southwest:
Arizona
New Mexico
Oklahoma
Texas
17.5
292.5
49.4
153.5
232.6
164.4
62.0
30.1
211.3
159.9
69.6
61.9
23.8
179.6
105.7
119.6
117.6
34.7
131.0
518.6
14.3
28.7
56.7
25.9
Southeast:
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
1,060.8
363.7
(D)
1.1
3.4
4.9
United
Kingdom
2,943.6
41.6
11.3
76.6
228.0
361.8
219.2
32.7
33.2
93.8
77.2
16.8
Germany
Switzerland
717.7
Mideast:
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
Plains:
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
France
Netherlands
5.2
10.1
10.2
17.2
1.8
1.1
1.2
8.7
5.1
36.0
26.6
11.3
10.0
4.3
28.1
8.1
18.6
16.8
7.5
11.9
2.8
9.2
46.1
22.9
18.5
56.9
49.2
12.7
1.9
3.3
40.3
17.6
129.9
96.8
35.8
37.4
14.4
133.7
81.3
75.1
78.5
24.1
23.8
8.1
25.5
193.3
7.0
4.3
2.7
3.9
6.8
1.7
.3
.1
3.0
1.9
8.3
6.9
3.1
.2
.5
3.9
1.6
5.1
5.0
1.2
.2
.7
1.3
2.2
6.1
6.0
1.3
.1
.1
3.0
4.0
.7
1.1
2.1
17.0
12.7
18.9
14.3
10.1
10.6
5.6
3.5
2.1
7.3
6.5
1.7
12.0
13.9
11.0
29.3
17.3
2.5
7.4
1.0
5.8
7.9
2.1
14.2
3.6
1.6
8.2
9.0
1.1
2.6
2.6
9.5
4.6
7.1
4.8
2.6
13.8
12.7
7.4
7.6
14.1
7.4
4.6
2.1
ica and
Other
Western
Hemisphere
3.9
1.0
52
3.0
2.3
2.2
2.3
1.2
1.4
1.9
.3
.8
25.4
26.5
22.1
16.5
3.6
.4
.4
.7
1.3
5.6
(D)
.6
4.6
.7
2.7
.2
.2
1.9
.3
4.0
.8
.2
1.6
5.5
38.7
8.7
5.9
.6
5.7
3.4
6.0
8.1
23.6
17.2
4.2
1.0
1.7
12.0
6.4
49.0
35.6
15.2
13.6
4.8
43.2
17.6
27.9
26.6
7.9
9.8
2.6
11.6
65.1
n
2.1
.5
12.0
2.8
1.2
8.7
1.9
.9
2.4
1.3
3.9
.5
1.4
.5
2.6
15.1
1.1
.1
47.0
27.5
27.2
113.2
17.9
2.9
8.7
2.9
.9
4.1
.5
1.6
4.7
2.9
5.9
14.6
.1
.8
1.1
13.3
55.6
17.5
1.3
.7
1.6
.1
.9
3.5
6.1
.1
1.0
.3
(*)
.5
.5
.9
.8
0
.2
.2
.6
1.9
.4
.2
2.6
1.5
6.0
.7
.9
.3
4.0
.4
1.0
.1
9.4
4.3
15.6
12.3
1.5
2.7
11.1
.1
(D)
1.1
0
.2
12.7
2.9
1.0
6.3
1.6
2. See footnote 4 to table 5.
NOTE.—Estimates for 1991 are preliminary.
0
.2
.1
27.2
.2
n2.2
(*)
0
.3
.2
.4
.8
1.3
.3
.1
.7
1.1
2.8
n
0
.4
.3
.5
.7
.1
29.9
4.1
O
5.3
1.9
3.3
8.5
.7
280.9
10.5
22.2
41.5
5.5
5.2
17.3
.3
0
59.6
22.2
26.1
54.1
17.9
63.1
5.5
n
n
() 4
555.0
24.6
41.9
81.4
5.8
23.4
15.0
.2
.3
2.1
4.1
5.7
3.8
39.5
9.0
2.5
Of which:
Middle
East
Africa
15.8
43.3
87.9
64.3
8.5
1.7
1.8
2.5
.8
60.9
12.6
Asia and Pacific
.5
.2
.1
.1
.1
.1
n
.4
.3
.3
2.3
.4
.1
.2
.2
.3
.1
.3
n
(D)
0
1.2
0
0
0
.8
.9
.3
.5
O
0
0
.1
0
154.4
706.5
32.1
6.1
1.3
1.3
.4
3.6
.8
.3
4.6
14.0
.2
(D)
.6
(D)
18.6
2.9
1.0
.7
n
.1
.3
1.8
2.2
9.1
6.3
1.7
2.7
37.6
57.1
21.3
.9
.1
.1
.3
55.6
33.2
39.2
46.2
o
o
(*).1
6.4
2.2
2.4
3.6
3.8
.1
.6
.4
n0
0
.5
n2.1
1.8
.6
.7
o.6
.6
.4
.5
.2
D
( )
n
(D)
o
n0
1.0
24.8
6.7
1.6
11.5
n
8.4
1.9
.2
.4
1.2
.5
.1
9.9
6.6
2.5
2.3
1.1
5.6
5.8
1.1
1.1
.9
1.5
.6
4.7
.9
.1
17.3
11.4
3.3
5.1
47.5
30.5
28.7
20.3
4.7
2.7
14.4
12.8
24.0
17.4
10.5
1.8
1.4
3.2
.4
n
(°)
1.9
.6
.7
n
(*).5
31.1
42.9
14.6
2.3
7.7
.8
45.9
30.1
27.2
42.3
1.8
.2
.4
.3
3.2
3.1
2.5
4.6
6.2
1.3
.1
.3
7.0
5.1
22.2
20.3
18.3
2.3
1.7
.1
.1
.5
.9
.1
.3
.1
1.7
(D)
.4
4.9
1.8
4.3
n.5
10.0"
30.2
(D)
8.2
(D)
,7
2.1
.4
n
0
1.3
.5
.7
.2
n
10.2
14.9
7.6
n
O
146.4
2.9
6.6
.5
O
2.4
2.5
1.7
3.8
44.4
.4
1
.9
.7
1
O
18.9
0
0
0
n
12.1
11.9
18.4
15.8
7.5
13.2
21.5
n.1
1.4
2.4
7.6
187.9
n
n
0
n
n
Japan
942.7
1.9
3.6
9.7
.7
.2
United
States
Australia
.9
.1
.5
O
n
Total
IQiai
.4
3.2
.1
0
.1
4.7
7.0
38.1
1.6
2.8
.4
.1
.4
.2
.6
0
0
3.3
O
.1
1.1
.6
.3
.2
(*)
n
May 1993
SURVEY OF CURRENT BUSINESS
U.S. Business Enterprises Acquired or
Established by Foreign Direct Investors in 1992
By Mahnaz Fahim-Nader and Sylvia E. Bargas
Joseph F. Cherry,
in, assisted by
Holly N.
Buchanan, Laura S.
Carlstrom, Erik A.
Kasari, Edward J.
Kozerka, and
Nicole Leiker,
conducted the
survey from which
the data were
drawn. Angela
Roberts
programmed the
tables.
by foreign direct investors to acquire
O
or establish U.S. business enterprises fell 47
percent in 1992, to $13.5 billion from $25.5 bilUTLAYS
lion in 1991 (table 1).1 The drop was the fourth
in a row, bringing outlays for new foreign direct
investments in the United States to their lowest level since 1983. It contributed to the overall
change in capital flows for foreign direct investment in the United States, which, according to
preliminary estimates, shifted from a net inflow
(or investment) of $11.5 billion in 1991 to a net
outflow (disinvestment) of $3.9 billion in 1992.2
The drop in outlays was considerably steeper than
that reported by the Securities Data Company for
overall mergers and acquisitions in the United
States in 1992.
By industry, declines in outlays were particularly sharp in banking, insurance, retail trade,
and machinery manufacturing. Outlays increased
1. These data are from BEA'S annual survey of new foreign direct investments in the United States, which covers (1) existing U.S. business enterprises
in which foreign investors acquired, directly or through their U.S. affiliates, at
least a 10-percent voting interest, and (2) new U.S. business enterprises established by foreign investors or their U.S. affiliates. Acquisitions of additional
equity or voting interests in existing U.S. affiliates are not covered.
The data are limited to U.S. business enterprises that had total assets of
over $1 million or that owned at least 200 acres of U.S. land in the year they
were acquired or established. U.S. enterprises that did not meet these criteria
were required to file partial reports, primarily for identification purposes, but
the data from these reports are not included in the accompanying tables. For
1992, total assets of the U.S. enterprises that filed partial reports were only
$152.2 million, or about 0.5 percent of the total assets of $30.9 billion of the
U.S. enterprises that met the criteria for filing a complete report.
2. For further information on the relationship between the data on investment outlays presented in this article and the estimates of capital flows
for foreign direct investment in the United States recorded in the U.S. balance
of payments accounts, see footnote 6.
only in "other industries" and "other manufacturing." By country of ultimate beneficial owner
(UBO), declines in outlays were largest for France
and Japan.3 The only countries with significant
increases were Mexico and Venezuela.
The 47-percent decline in outlays in 1992 follows a 61-percent decline in 1991. The declines in
both years reflect several factors. First, foreign investors' interest in making additional investments
in the United States may have been tempered by
the unprofitability of many of their earlier U.S.
investments and by sluggish U.S. economic activity in 1991 and most of 1992, both of which may
have lowered the projected profitability of new investments. Second, countries that are the largest
sources of investment—mainly European countries and Japan—have been slow to emerge from
recession. The recessionary conditions have constrained the ability of investors in these countries
to finance additional overseas investments and
may have made many of them more concerned
with rebuilding their balance sheets and improving their capitalization ratios than with launching
new ventures overseas. Finally, investment funds
may have been attracted away from the United
3. The transactions discussed in this article are classified by country of
UBO. The UBO is the first person in the ownership chain of the acquired
or established U.S. business, beginning with the foreign parent, that is not
owned more than 50 percent by another person. The foreign parent is the
first foreign person in the ownership chain. The country of UBO is often the
same as that of the foreign parent, but it may be a different foreign country
or the United States. "Person" is broadly defined to include any individual, corporation, branch, partnership, associated group, association, estate,
trust, or other organization and any government (including any corporation,
institution, or other entity or instrumentality of a government).
Table 1.—Investment Outlays, Investments, and Investors, 1986-92
Number
Outlays millions of dollars)
1986
1987
1988
1989
1990
1991 - 1992'
1986
1987
1988
1989
1990
1991r
1992'
Investments, total
Acquisitions
Establishments
39,177 40,310 72,692 71,163 65,932 25,538 13,469
31,450 33,933 64,855 59,708 55,315 17,806 10,191
7,728 6,377 7,837 11,455 10,617 7,732 3,278
1,040
555
485
978
543
435
1,424
869
555
1,580
837
743
1,617
839
778
1,091
561
530
690
360
330
Investors, total
Foreign direct investors
U.S. affiliates
39,177 40,310 72,692 71,163 65,932 25,538 13,469
8,602 11,773 18,569 22,538 14,026 8,885 3,616
30,575 28,536 54,123 48,625 51,906 16,653 9,853
1,121
476
645
1,051
480
571
1,542
566
976
1,742
727
1,015
1,768
670
1,098
1,220
438
782
732
279
453
r
p
Revised.
Preliminary.
SURVEY OF CURRENT BUSINESS
114 • May 1993
States by increased economic integration within
the European Communities, market-oriented reforms in Eastern Europe, rapid economic growth
in East Asia, and an improved investment climate
in Latin America.
As in past years, acquisitions accounted for
most of total outlays (76 percent) in 1992. However, large investments did not dominate to the
same extent as in the past. In 1992, for the first
time since 1984, there were no investments of $1
billion or more. Two investments of $500 million or more accounted for 7 percent of outlays,
and 28 investments of $100 million or more accounted for 43 percent of outlays. In contrast,
in 1991, 2 investments of $1 billion or more had
accounted for 12 percent of outlays, and 47 investments of $100 million or more had accounted
for 59 percent of outlays (tables 2.1 and 2.2).
U.S. affiliates that were newly acquired or
established in 1992, nearly all of which were nonbank affiliates, employed 120,000 persons. By
comparison, all nonbank U.S. affiliates employed
4.8 million persons in 1991, the latest year for
which such data are available. Total nonbank
affiliate employment, in turn, accounted for 5.2
percent of total employment by all nonbank U.S.
businesses.4
Newly acquired or established affiliates had total assets of $30.9 billion in 1992, of which $28.7
4. The data for all U.S. businesses and for all nonbank U.S. affiliates
cited here and in the following paragraph are from "U.S. Affiliates of Foreign
Companies: Operations in 1991" elsewhere in this issue.
Table 2.1.—Number of Investments by Size of Outlays,
1986-92
1986
Total
$2 billion or more
$1 billion—$1.9 billion ..
$100 million-$999
million
$10 million—$99 million
Less than $10 million ..
r
0
1987
1988
1989
1990
1991 ^
1992^
1,040
978
1,424
1,580
1,617
1,091
690
2
3
1
5
5
7
4
6
5
6
1
1
0
0
63
324
648
70
291
611
98
429
885
110
483
977
74
499
1,033
45
273
771
28
201
461
Revised.
Preliminary.
billion was held by nonbank affiliates. By comparison, total assets of all nonbank U.S. affiliates
at yearend 1991 were $1,743.8 billion. Comparable all-U.S.-business data on assets are available
only for manufacturing. In that industry, total
assets of newly established or acquired affiliates
were $7,6 billion in 1992; by comparison, total
assets of all manufacturing affiliates were $516.7
billion in 1991, or 19.2 percent of the U.S. total.
The estimates for 1992 are preliminary and will
be revised next year. Estimated outlays for 1991
have been revised up from $22.6 billion to $25.5
billion, and the estimated number of investments
was revised up from 971 to 1,091 (tables 1 and
2.1). The largest revisions in outlays were in real
estate ($0.9 billion), food and kindred products
($0.5 billion), and primary and fabricated metals
($0.4 billion).
The remainder of this article consists of two
parts. The first part discusses investment transactions by industry, by country, and by source of
funding; the second part presents selected data
on the operations of the U.S. businesses acquired
or established. In the analysis, information from
outside sources, mainly press reports, has been
used to supplement BEA'S survey data.
Investment Transactions
In 1992, outlays resulting from acquisitions of existing U.S. businesses ($10.2 billion) were three
times as large as those resulting from the establishment of new U.S. businesses ($3.3 billion)
(table 3). Most of the outlays were made by existing U.S. affiliates ($9.9 billion) rather than by the
foreign direct investors themselves ($3.6 billion);
however, some of the outlays made by existing
U.S. affiliates were financed with funds provided
by foreign parents or other members of the foreign parent groups.5 (Transactions by source of
funding are discussed in more detail later in the
article.)
By industry
Table 2.2.—Percent Change in Investment Outlays and
Number of Investments, 1987-92
1987
Investment outlays
Number of investments
Addenda:
Percent of total outlays
accounted for by:
Investments of $1 billion
or more
Investments of $100
million or more
r
p
Revised.
Preliminary.
1988
3
-6
80
46
23
72
1989
_2
1990
1991 r
1992"
11
-7
2
40
36
40
12
0
78
74
73
59
43
-61
-33
-47
-37
By industry of the U.S. businesses acquired or
established, outlays in manufacturing, at $5.3
billion, were the largest (table 4). Within manufacturing, outlays were largest in "other manufacturing," chemicals and allied products, and
primary and fabricated metals.
In "other manufacturing," outlays were $1.8
billion. Five transactions accounted for nearly
5. Foreign parent groups consist of the foreign parents and their foreign
(non-U.S.) affiliates.
May 1993
SURVEY OF CURRENT BUSINESS
Table 3.—Investment Outlays by Type of Investment and Investor, by Industry of U.S. Business Enterprise, 1991-92
[Millions of dollars]
1991 r
1992'
By type of investment
Total
Acquisitions
All industries
Petroleum
Petroleum and coal products manufacturing
Other
By type of investor
Establishments
By type o f investor
By type of investment
Total
Foreign direct investors
U.S. affiliates
Acquisitions
Establishments
Foreign direct investors
U.S. affiliates
25,538
17,806
7,732
8,885
16,653
13,469
10,191
3,278
3,616
9,853
702
404
298
21
681
21
(D)
466
(*)
465
18
298
484
(*)
483
18
4
(*)
3
480
0
480
D
M
o
o
o
11,461
i)
9,669
1,792
4,530
6,930
5,274
4,413
861
1,708
3,566
Food and kindred products
Beverages
Other ....
1,247
1,221
312
935
294
927
26
19
278
12
267
969
301
668
383
13
370
286
3
283
97
10
6
1
87
5
377
12
365
Chemicals and allied products
Industrial chemicals and synthetics
Drugs ....
Soap, cleaners, and toilet goods
Other
2,897
1,660
Manufacturing
(D)
8
1,573
441
204
246
9
407
n
n
(D)
n
()
117
47
47
0
70
680
95
95
0
585
744
610
486
123
135
623
508
385
123
115
121
101
101
0
20
0
23
2,880
193
104
2,049
884
678
289
(D)
(D)
390
665
13
8
1
210
17
10
6
6
0
6
0
8
193
(1
67
125
n
80
n
533
2
633
(D)
1,165
677
106
106
0
571
121
Machinery ..
Machinery, except electrical
Office and computing machines
Other
Electric and electronic equipment
Audio, video, and communications equipment
Electronic components and accessories
Other
4,929
1,077
134
4,732
1,053
115
197
943
938
3,852
1,006
3,678
5
174
166
2
6
Other manufacturing
Textile products and apparel
Lumber, wood, furniture, and fixtures
Paper and allied products
Printing and publishing
Newspapers
Other
Rubber products
Miscellaneous plastics products
Stone, clay, and glass products
Transportation equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Other
1,591
1,380
161
58
154
46
n
223
Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplies
Metals and minerals, except petroleum
Electrical goods
Machinery, equipment, and supplies
Other durable goods
Groceries and related products
Farm-product raw materials
Other nondurable goods
(D)
n
223
(D)
n
267
202
215
97
118
244
(D)
iD)
(D)
n
n
(")
M
174
200
171
55
116
244
(°)
36
36
0
85
23
18
211
7
13
2
0
0
42
2
(*)
17
524
99
14
14
0
9
11
88
29
855
2,688
1,164
172
834
177
153
147
(D)
1,265
1,798
150
7
(D)
70
(D)
(D)
H
326
11
51
n2
0
33
93
3
44
623
16
29
(0)
527
204
797
142
142
0
656
840
(*)
1,671
63
(D)
n
Primary and fabricated metals
Primary metal industries
Ferrous
Nonferrous
Fabricated metal products
(D)
86
0
1,968
(°)
( )0
416
401
97
929
988
0
1,236
2
n
n
170
1,389
8
17
29
0
2
221
(D)
ID\
20
2
81
19
62
112
36
42
247
200
134
78
56
132
(")
197
9
6
16
85
29
426
5
10
12
11
92
3
11
21
43
11
iD)
n0
(D\
(*)
314
(D)
156
19
137
335
69
281
(D)
(D)
384
(D)
141
(D)
1,266
69
(D)
{ )
(D)
0
ID\
0
247
57
135
0
135
312
64
0
11
2
n0
0
0
0
(IJ)
4
/D\
/D\
(D)
526
204
28
nD
(D)
()
n
123
112
468
271
/D\
/D\
197
(D)
0
0
1
0
(D)
n0
1
n
67
(*)
0
52
(D)
21
n
32
19
2
23
5
9
23
170
6
262
51
124
10
114
251
(D)
0
353
0
12
115
(D)
4
1
120
2
4
13
14
(D)
22
166
63
605
(D)
12
15
134
(D)
27
84
0
270
405
(D)
12
7
18
3
23
79
0
(D)
200
(D)
0
7
5
0
(D)
5
0
(D)
79
0
(D)
224
(D)
(D)
0
11
(DD)
()
28
11
196
(D)
7
16
55
66
92
20
53
11
11
257
248
1,605
4
n18
1,436
0
(D)
10
8
8
n
482
440
42
281
201
55
55
0
19
37
2,199
1,399
800
693
1,506
968
801
167
230
738
Insurance
2,102
1,951
152
1,255
847
251
16
235
Real estate
3,823
177
3,646
1,110
2,713
1,937
444
1,493
798
1,139
Services
Hotels and other lodging places
Business services
Computer and data processing services
Other business services
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
Accounting, research, management and related services
Health services
Other services
2,256
1,616
641
1,476
1,179
1,158
402
21
7
546
545
367
275
165
235
75
32
(D)
(D)
24
(D)
132
(D)
24
(D)
131
(D)
217
32
30
2
3
19
5
0
43
150
243
72
3
0
29
0
185
102
173
(D)
95
140
n
81
416
129
( )
297
202
40
7
33
5
0
5
2
44
318
222
564
440
123
239
79
39
32
8
(D)
6
26
0
2,017
624
585
n9
2,195
2,138
57
47
938
6
934
(D)
41
4
0
4
0
(n)
245
33
2
0
2
(n)
1,950
14
Retail trade ...
General merchandise stores
Food stores
Apparel and accessory stores
Other
Banking
Finance, except banking
Other industries
Agriculture forestry and fishing
Mining
Coal
Other
Construction
Transportation
Communication and public utilities
r
p
Revised.
Preliminary.
96
121
24
448
137
(D)
81
58
(D)
n
284
37
37
2
34
54
69
88
29
(D)
(D)
191
22
35
2
33
25
31
77
29
4
1
0
10
0
37
221
170
(D)
(D)
4
0
7
159
3
(D)
1
5
14
n
n
28
93
15
1
0
4
2
1
29
n
30
33
0
33
D
( )
39
39
49
1
38
10
D
1
(D)
n
n
n
n
965
(D)
n
n
n
n
Suppressed to avoid disclosure of data of individual companies.
* Less than $500,000.
0
0
n
4
4
2
18
n
187
(D)
171
(D)
5
(D)
132
(D)
936
(°)
(f)u)
()
n
778
Il6 • May 1993
SURVEY OF CURRENT BUSINESS
one-half of the total: A Mexican glass manufacturer established a joint venture with a New
York-based specialty glass company; two U.S. affiliates of a Canadian company each acquired
a U.S. publishing company; an Italian UBO acquired a California-based artificial organs division of a major U.S. pharmaceutical company;
and a U.S. affiliate of a British medical systems
and specialized industrial component group acquired an Illinois-based supplier of disposable
medical products.
In chemicals, outlays were $1.7 billion. Three
investments, each of $300 million or more, accounted for nearly two-thirds of the outlays: A
German household-products company acquired
a North Carolina-based fragrance and cosmetics
unit of a pharmaceutical company; a U.S. affiliate of a Dutch petrochemical company acquired a
West Virginia-based plastics unit of a tire manufacturer; and a U.S. affiliate of a German chemical
company acquired an Illinois-based plastics unit
of an energy and chemical company. In two
other sizable transactions, two U.S. affiliates of a
British pharmaceutical company each acquired a
chemical company—one based in Texas and the
other in California.
In primary and fabricated metals, outlays were
$0.7 billion. Two transactions accounted for
most of the outlays. The largest was the acquisition of a Florida-based manufacturer of steel
bars by a Japanese steel producer; this acquisition follows several other Japanese acquisitions
of companies in the U.S. steel industry in recent
years. In the other transaction, a U.S. affiliate
of a British cable and construction group acquired a Virginia-based electrical unit of a leading
manufacturer of transmission and distribution
cables.
Outside manufacturing, outlays were largest, at
$2.2 billion, in "other industries." Four investments of $200 million or more dominated the
transactions: A U.S. affiliate of a Belgian chemicals group acquired a Wyoming-based minerals
unit of a petroleum company; a U.S. affiliate
Table 4.—Investment Outlays by Industry of U.S. Business Enterprise and by Country of Ultimate Beneficial
Owner, 1986-92
[Millions of dollars]
1987
1986
Total .
By industry:
Petroleum
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals .
Machinery
Other manufacturing
Wholesale trade
Retail trade
Banking
Finance, except banking
Insurance
Real estate
Services
Other industries
1988
1991 ^
1990
1989
39,177
40,310
72,692
71,163
65,932
1,035
16,772
1,007
7,063
776
2,426
5,500
1,640
5,249
288
1,781
1,668
5,171
4,276
1,298
1,107
19,751
4,177
4,041
1,091
2,834
7,608
1,271
1,212
4,740
36,136
3,287
2,918
3,394
7,737
18,800
2,454
8,022
1,800
1,189
35,958
6,515
11,584
3,545
4,346
9,969
2,634
1,861
1,141
23,898
349
897
482
1,604
972
165
5,855
3,518
5,597
3,597
4,186
1,901
6,438
10,058
6,587
2,121
2,093
7,771
19,369
5,716
2,199
2,102
3,823
2,256
6,503
21,126
2,491
1,351
4,700
8,572
4,012
1,276
25,517
2,044
4,664
4,403
40,724
3,469
2,435
3,629
23,047
8,144
1,084
3,430
36,011
10,217
2,363
2,247
13,096
8,088
3,454
13,994
4,976
1,922
1,661
2,169
3,266
924
4,765
7,630
1,881
997
7,518
2,447
3,795
9,141
1,676
1,250
25,538
13,469
702
484
5,274
383
1,671
744
678
1,798
605
224
55
968
11,461
1,247
2,897
797
4,929
1,591
623
1,605
284
251
1,937
1,476
2,195
]
By country :
Canada
Europe
France
Germany2
Netherlands
United Kingdom
Other Europe
Latin America and Other Western Hemisphere
South and Central America
Other Western Hemisphere
Africa
Middle East
Asia and Pacific
Australia
Japan
Other Asia and Pacific
United States3
Addenda:
European Communities (12) 4
OPEC-^
r
771
397
375
(D)
680
15
355
1,128
D
()
925
(D)
(D)
187
296
1,613
21,819
4,556
16,188
1,075
650
434
(D)
243
796
399
397
(D)
472
24,530
4,574
17,410
2,546
23,170
1,412
19,933
1,825
375
108
267
(D)
1,006
6,560
840
10,928
2,691
7,006
1,231
n
n
(D)
n
(D)
n
19,034
22,895
1,077
33,737
1,919
33,869
30,741
430
387
12,007
1,119
9,450
3,194
5,416
878
Revised.
Preliminary.
Suppressed to avoid disclosure of data of individual companies.
1. Where more than one investor participated in a given investment, each investor and each
investor's outlays are classified by country of each ultimate beneficial owner.
2. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning
in 1990. this line also includes the former German Democratic Republic (GDR). This change has
p
391
15,142
3,276
1,483
11,360
37,173
4,199
2,090
2,214
22,559
6,111
251
5,357
952
1,028
7,531
155
1,753
1,247
2,233
2,143
1,552
1,292
260
()
2,918
166
2,301
451
7
6,422
963
no effect on the data because, prior to 1991, there were no U.S. affiliates of the former GDR.
3. See footnote 3 in text for explanation.
4. European Communities (12) comprises Belgium, Denmark, France, Germany, Greece, Ireland. Italy, Luxembourg. Netherlands, United Kingdom, Portugal, and Spain.
5. OPEC is the Organization of Petroleum Exporting Countries. As of yearend 1992. its members were Algeria. Ecuador, Gabon, Indonesia. Iran. Iraq. Kuwait, Libya. Nigeria. Qatar, Saudi
Arabia, the United Arab Emirates, and Venezuela.
SURVEY OF CURRENT BUSINESS
of a Venezuelan broadcasting company acquired
a California-based television company; a U.S.
affiliate of a German coal mining company acquired a West Virginia-based coal company; and
a U.S. affiliate of a Mexican media group acquired an interest in a Connecticut-based satellite
communications services company.
In real estate, outlays were $1.9 billion. Two of
the largest transactions were the acquisition of an
office building in New York by a U.S. affiliate of a
German media group and the establishment of a
research center in California by a U.S. affiliate of
a German pharmaceutical and chemical group.
In services, outlays were $1.5 billion. Four
transactions accounted for about one-half of
the outlays: In the largest transaction reported
for any industry in 1992, a U.S. affiliate of a
Swiss pharmaceutical and chemical company acquired a controlling interest in a California-based
biotechnology research company. In the second
largest transaction in services, a U.S. affiliate of
a Swiss pharmaceutical and chemical group acquired a North Carolina-based health services
company.Two other large transactions were the
acquisition of a Texas-based rental and leasing
company by a U.S. affiliate of a British holding
company and the acquisition of a Texas-based
hotel by a U.S. affiliate of a Hong Kong holding
company.
In finance (except banking), outlays were $1.0
billion. Four investments dominated the transactions. In the largest transaction, a U.S. affiliate
of a Dutch bank acquired an Illinois-based savings institution. In addition, a U.S. affiliate of
a British bank acquired the credit card unit of a
New Hampshire-based bank, a Japanese investor
established a U.S. affiliate in order to obtain a
financial interest in a Washington-based baseball
team, and a Swiss bank acquired an Illinois-based
finance company.
By country
In 1992, ultimate beneficial owners (UBO'S) in European countries accounted for $7.5 billion, or
56 percent, of total outlays, and those in Asian
and Pacific countries, mainly Japan, accounted
for $2.9 billion, or 22 percent.Within Europe,
most outlays were accounted for by British, German, and Dutch UBO'S. UBO'S in 10 countries
had at least one investment of $100 million
or more. Outlays of Canadian UBO'S dropped
sharply. (Most of the transactions covered in this
section were mentioned in the preceding section
on outlays by industry.)
Outlays of Japanese UBO'S were $2.3 billion in
1992, down from $5.4 billion in 1991 (tables 5.1
and 5.2). The reduction in outlays (57 percent)
in 1992 follows an even sharper reduction (73
percent) in 1991. Despite these declines, outlays of Japanese UBO'S remain the largest of any
single country. Several factors, both in Japan
and in the United States, contributed to the declines. In Japan, continuing sluggishness in the
domestic economy, declining stock prices, and
reduced corporate profits constrained the ability
of investors to finance new investments. In the
United States, disappointing results from earlier
investments may have made Japanese investors
more cautious. Several of the factors that may
have diminished Japanese interest in new investments were specific to the U.S. real estate
industry, in which Japanese UBO'S have been the
largest foreign investors: Reduced values of many
Japanese-owned properties, depressed rental rates
for commercial office space, and high office vacancy rates. Japanese UBO'S accounted for less
than one-third of total outlays in real estate in
1991-92, down from over one-half in 1988-90. In
primary and fabricated metals, Japanese UBO'S
accounted for nearly 70 percent of outlays in
1992; the largest transaction was the purchase
of the Florida-based manufacturer of steel bars.
Other sizable Japanese acquisitions included two
in wholesale trade, one in chemicals, and two in
machinery.
Outlays of British UBO'S were $2.2 billion in
1992, unchanged from 1991. In 1991, British
outlays had declined sharply (83 percent). The
reduced level of outlays in 1991-92 may have
reflected the prolonged recession in the United
Kingdom. One of the largest transactions by
British UBO'S was the acquisition of the credit
card unit of the New Hampshire-based bank by
a British bank's U.S. affiliate. In addition, British
investors accounted for most outlays in food and
kindred products in 1992; the largest transaction
was the acquisition of a Minnesota-based frozen
food division of a bakery products manufacturer
by a U.S. affiliate of a British food conglomerate. Other sizable British acquisitions included
one in insurance, one in "other manufacturing,"
and one in "other industries."
Outlays of German UBO'S were $1.8 billion,
down from $1.9 billion. German investors accounted for more than 50 percent of outlays in
chemicals; the largest transactions were the acquisitions of the North Carolina-based fragrance
and cosmetics unit of a pharmaceutical company and the Illinois-based plastics business of
May 1993 •
llj
Il8 • May
SURVEY OF CURRENT BUSINESS
Table 5.1 .—investment Outlays, Country of Ultimate Beneficial Owner by Industry of U.S. Business Enterprise, 1991
[Millions of dollars]
Manufacturing
All
Petroleum
industries
Total
25,538
702 11,461
Canada
3,454
1,595
Europe
13,994
All countries
Austria
Belgium
Denmark
Finland
France
19
100
71
(D)
4,976
Germany]
Ireland
Italy
Liechtenstein
Luxembourg
Netherlands
1,922
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
151
346
379
1,327
2,169
140
()
35
n
24
1,661
( )
p)
p)
108
18
66
14
0
0
0
0
0
0
Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
United Kingdom Islands, Caribbean
Other
267
6,560
251
167
5,357
D
P)
3,944
0
0
0
0
0
0
0
0
12,007
1,119
1,591
908
(°)
46
()
n
0
623
Retail
trade
1,605
Banking
482
Finance,
except
banking
2,199
357
883
397
0
0
0
0
14
0
0
0
0
0
0
0
0
()
o
()
n
211
0
23
(D)
305
65
4
28
5
fl
6
182
0
31
0
0
0
0
176
0
()
0
1
(D)
104
1
3,823
2,256
284
905
117
62
541
995
0
0
0
0
47
2
P)
P)
0
39
P)
70
n
0
0
0
0
0
0
0
0
0
0
0
0
2
0
0
0
0
2
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
16
0
0
0
0
0
0
0
175
682
0
4
677
0
0
0
0
0
0
0
52
0
0
1,337
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5
1
4
0
0
0
0
375
0
0
375
0
0
0
0
0
0
0
175
(D)
0
114
823
0
0
713
D
( )
0
0
0
0
,R
275
n
186
(D)
0
0
0
0
1
134
0
0
0
0
0
3
n
n
n
n
n0
135
()
0
0
0
0
0
0
66
37
144
4
0
4
0
0
0
0
0
0
0
0
0
0
0
0
0
P)
0
0
0
0
0
0
0
0
0
0
0
0
p)
0
10
0
3
0
4
n
998
0
0
0
0
0
101
0
0
101
0
0
0
0
0
0
0
P)
n
n
0
35
0
0
()0
B
0
10
(D)
n
1,402
n
82
1,071
7
0
0
0
P)
23
n
130
p)
5
0
2
0
0
79
0
4
3
0
0
0
0
46
26
0
15
()
2
0
P)
P)
209
5
35
0
123
P)
0
0
0
0
0
0
0
0
0
14
7
4
0
0
0
0
0
0
()
0
4
0
0
n
0
0
0
0
0
0
()
0
0
0
P)
75
O
0
0
0
0
0
0
()
Other
industries
Services
0
0
0
0
0
0
(D)
Real
estate
2,102
fl
D
101
0
P)
Insurance
0
0
0
8
n
Suppressed to avoid disclosure of data of individual companies.
* Less than $500,000.
1. See footnote 2, table 4.
2. See footnote 3 in text for further explanation.
1,719
109
1
1,455
33
0
4
0
5
107
(D)
4
0
22
417
United States2
Addenda:
European Communities (12) 3
OPEC 4
587
0
0
111
0
Africa
South Africa
Other
Asia and Pacific
Australia
Hong Kong
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
1,653
0
0
0
0
145
571
1,094
n
1,006
48
(D)
0
14
4,929
838
()
119
26
77
Middle East
Israel
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates
Other
797
Wholesale
trade
157
0
375
R
2,897
Other
manufacturing
3
0
0
0
South and Central America
Brazil
Mexico
Panama
Venezuela
Other
Latin America and Other Western Hemisphere
1,247
ChemiPrimary
cals
and
and alMafabrichinery
lied
cated
prodmetals
ucts
3,405
1,566
(D)
394
0
20
377
301
435
7
D
7,931
Food
and
kindred
products
P)
n0
p)
0
0
p)
0
0
p)
0
0
0
0
()
0
p)
0
0
0
0
0
0
1
()
0
1
0
0
1,019
0
P)
859
P)
P)
0
0
7
0
25
p)
0
0
0
1
p)
0
0
p)
0
0
0
P)
134
7,052
n
775
0
1,216
0
540
3,717
803
337
2
883
0
382
424
13
1,785
431
840
452
128
1
3. See footnote 4, table 4.
4. See footnote 5, table 4.
NOTE.—Data for 1991 are revised. Where more than one investor participated in a given investment, each investor
and each investor's outlays are classified by the country of each individual ultimate beneficial owner.
SURVEY OF CURRENT BUSINESS
May 1993 •
119
Table 5.2.—Investment Outlays, Country of Ultimate Beneficial Owner by Industry of U.S. Business Enterprise, 1992
[Millions of dollars]
Manufacturing
All
Petroleum
industries
13,469
484
Canada
1,028
107
Europe
7,531
All countries
Austria
Belgium
Denmark
Finland
France
Germany1
Ireland
Italy
Liechtenstein
Luxembourg
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
Latin America and Other Western Hemisphere
ChemiFood
Primary
cals
and
and
and alMafabrikindred
lied
chinery
cated
prodproducts
metals
ucts
Total
5,274
383
1,671
744
Other
manufacturing
Wholesale
trade
Retail
trade
968
251
0
199
67
710
234
761
1,058
()
0
0
0
0
0
( )
0
0
1,468
207
372
738
129
171
0
0
2
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5
0
0
2
0
0
0
0
9
0
0
0
0
0
1,099
0
(D)
0
0
0
0
4
0
0
855
0
34
0
0
0
0
3
()
0
0
0
0
0
n
0
0
0
0
0
125
950
2,233
1
0
0
104
136
1,078
0
1,552
454
(°)
n
()
131
0
1,292
12
n
674
0
()
7
0
0
3
0
0
0
0
0
(D)
0
0
3
0
0
o
o
o
0
0
0
0
0
0
5
0
0
0
0
1,937
306
7
0
0
5
165
D
9
160
0
0
n
2
2
0
1
0
1
Middle East
Israel
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates
Other
0
0
0
0
0
0
0
0
0
0
0
0
0
0
105
0
0
0
0
0
0
0
0
0
0
242
390
Asia and Pacific
Australia
Hong Kong
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
1
0
( )
0
0
D
o
15
2,918
166
227
2,301
10
1
0
1
74
103
35
1,124
159
0
47
9
0
0
0
0
0
0
74
101
0
0
0
158
0
p)
101
Africa
South Africa
Other
D
()
0
9
R
0
0
0
0
0
0
260
23
0
n
o
154
0
0
0
0
0
0
0
0
Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
United Kingdom Islands, Caribbean
Other
D
2,195
()
0
21
n
0
0
0
1,476
Other
industries
47
201
0
()
( )
0
0
0
0
0
0
South and Central America
Brazil
Mexico
Panama
Venezuela
Other
Services
224
13
0
0
Real
estate
605
368
O
Insurance
1,798
463
9
155
1,753
7
243
0
5
1,247
Finance,
except
banking
678
3,152
$
Banking
H
0
0
47
0
n
0
()
0
( )
D
530
()
n
()
251
5
0
0
0
209
0
1
0
0
7
0
0
943
0
1
0
0
()7
O
D
n
0
0
0
0
0
0
0
()
0
0
0
D
( )
0
0
0
0
()
24
0
15
225
0
(D)
214
0
0
0
0
(D)
0
0
770
0
93
627
2
0
0
1
241
(D)
688
399
4
0
0
109
118
0
0
0
0
0
0
50
2
0
47
0
0
0
0
1
0
0
United States2
Addenda:
European Communities (12) 3
OPEC 4
" Suppressed to avoid disclosure of data of individual companies.
* Less than $500,000.
1. See footnote 2, table 4.
2. See footnote 3 in text for further explanation.
6,422
963
2,913
D
357
1,467
168
0
328
0
593
118
2
143
0
15
234
0
1,175
D
3. See footnote 4, table 4.
4. See footnote 5, table 4.
NOTE.—Data for 1992 are preliminary. Where more than one investor participated in a given investment, each
investor and each investor's outlays are classified by the country of each individual ultimate beneficial owner.
SURVEY OF CURRENT BUSINESS
120 • May 1993
an energy and chemical company. Other sizable
German acquisitions were in "other industries,"
real estate, and machinery.
Outlays of Dutch UBO'S were $1.2 billion, down
from $1.7 billion. Most of the 1992 outlays reflected the purchases of the Illinois-based savings
institution and the West Virginia-based plastics
unit of a tire manufacturer.
Outlays of Canadian UBO'S were $1.0 billion,
down from $3.5 billion. The largest investments were the acquisitions of the two publishing companies. In addition, the U.S. affiliate
of a Canadian company acquired the commercial floor products unit of a Pennsylvania-based
construction company.
By source of funding
The decline in total outlays in 1992 reflected a
decline in funding both by foreign parent groups
and by existing U.S. affiliates. However, funding by foreign parent groups fell somewhat faster
than that by U.S. affiliates, thus decreasing the
relative importance of parent groups in the financing of transactions. Of the $13.5 billion in
total outlays in 1992, $7.2 billion, or 53 percent,
was funded by foreign parent groups; in 1991,
foreign parent groups had funded $14.1 billion,
or 55 percent of total outlays (table 6). These
funds financed investments made both through
U.S. affiliates and directly by foreign parents.
The reduction in the amount of total outlays financed with foreign-source funds contributed to
the shift to net capital outflows for foreign direct
investment in the United States in 1992.
6. Foreign-source funds used to acquire or establish U.S. affiliates are
also included in U.S. capital flows for foreign direct investment in the United
States (FDIUS) that are recorded in the U.S. balance of payments accounts.
However, because the total FDIUS capital flows also include funds that are
used for other purposes, the two measures are not directly comparable.
Preliminary estimates of capital flows for FDIUS in 1992 were published in
table 5 of "U.S. International Transactions, Fourth Quarter and Year 1992,"
SURVEY OF CURRENT BUSINESS 73 (March 1993): 96. The estimated capital
outflow of $3.9 billion recorded for 1992 contrasts with the estimated $7.2
billion in foreign-source funding (an inflow). However, the $3.9 billion is
a net figure that includes several components—namely, decreases in equity,
reinvested earnings, and changes in U.S. affiliates* receivables from their foreign parent groups—that are unrelated to foreign funding of new affiliates
and for which net outflows of $28.1 billion were recorded in 1992. In contrast, net capital inflows of $24.2 billion were recorded for the components
of capital flows that could represent foreign-parent funding of acquisitions
and establishments—namely, increases in equity and changes in U.S. affiliate
payables to their foreign parent groups. Some of these inflows also financed
the operations of existing U.S. affiliates.
It should be noted that the estimates both of acquisitions and establishments of U.S. affiliates and of capital flows for FDIUS are preliminary. Revised
capital flow estimates will be published in the June 1993 SURVEY, and revised
estimates of new investments will be published in the May 1994 issue. Until
both series have been revised, comparisons between the data on investment
outlays funded by foreign parent groups and the data on total capital flows
Table 6.—Source of Funding of Investment Outlays, by Industry of U.S. Business Enterprise and by Country
of Ultimate Beneficial Owner, 1991-92
1991'
1992^
Millions of dollars
Total
outlays
Total
By industry:
Petroleum
Manufacturing
Wholesale trade
Retail trade
Banking
Finance, except banking
Insurance
Real estate
Services
Other industries
Funds
from foreign parent groups
Other
Millions of dollars
Total
outlays
Funds
from foreign parent groups
Other
Funds from
foreign parent groups
as a percent
of total
13,469
7,189
6,280
53
628
4,925
209
1,026
42
920
385
1,858
1,337
94
484
5,274
605
224
55
968
251
1,937
1,476
2,195
()
3,353
377
131
(D)
468
44
1,075
983
684
()
1,921
228
93
(D)
500
207
862
493
1,511
()
64
62
58
(D)
48
18
55
67
31
2,192
5,867
1,758
551
1,136
2,422
80
(D)
633
2,533
2,203
330
1,028
7,531
155
1,753
2,233
3,390
1,552
(D)
408
3,805
56
794
1,221
1,733
916
(D)
620
3,776
99
959
1,012
1,657
636
40
51
36
45
55
51
59
(D)
P)
n
()
1,009
707
302
6
n
25,538
14,114
11,424
702
11,461
623
1,605
74
6,536
414
579
440
1,279
1,717
1,965
919
190
1,262
8,127
3,218
1,371
1,033
2,505
295
482
2,199
2,102
3,823
2,256
284
Funds from
foreign parent groups
as a percent
of total
55
By country1:
Canada
Europe
France
Germany2
United Kingdom
Other
Latin America and Other Western Hemisphere
Africa
Middle East
Asia and Pacific
japan
Other
United States3
Addenda:
European Communities (12) 4
OPEC 5
r
Revised.
p Preliminary.
D
Suppressed to avoid disclosure of data of individual companies.
See footnotes to table 4.
3,454
13,994
4,976
1,922
2,169
4,927
375D
()
1,006
6,560
5,357
1,203
D
12,007
1,119
n
373
4,027
3,154
873
7,276
478
4,731
641
2,918
2,301
617
7
6,422
963
1,909
1,594
315
1
2,929
239
3,493
724
65
69
51
14
46
25
SURVEY OF CURRENT BUSINESS
Data Availability
Only summary data are published in this article. A set of supplementary tables containing detail on the number of
investments and investors for 1987-91 and on investment outlays and selected operating data for the newly acquired
or established businesses for 1987-92 will be available in July for $10.00 from the Public Information Office, Order
Desk, BE-53, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230. Visa or MasterCard
orders may be placed by telephone at (202) 523-0640. When ordering, refer to the "BE-13 Supplementary Tables for the
May 1993 SURVEY Article," Accession No. 50-93-20-105, and make checks payable to the Bureau of Economic Analysis.
Comparable tables for 1980-86, Accession No. 50-89-20-106, are also available for $18.00.
In addition to the data on new foreign direct investments presented here, BEA also publishes estimates of quarterly
balance of payments flows and the annual direct investment position for new and existing investments combined.
Summary estimates of quarterly balance of payments flows appear in the "U.S. International Transactions" article in the
March, June, September, and December issues of the SURVEY. Summary position estimates appear in the June SURVEY.
More detailed annual estimates of both the flows and the position follow in the August issue. Estimates covering the
operations of U.S. affiliates of foreign companies are also available from BEA; the most recent estimates appear in this
issue of the SURVEY in "U.S. Affiliates of Foreign Companies: Operations in 1991."
The remaining $6.3 billion, or 47 percent, of
1992 outlays was funded by U.S. affiliates from
sources other than the foreign parent groups. For
example, the U.S. affiliates may have borrowed
funds from unaffiliated foreign persons or from
U.S. persons, or they may have generated the
funds internally. In 1991, these other funding
sources had financed 45 percent of outlays.
By industry, the percentage of financing by foreign parent groups was significantly above the
all-industries average in services, manufacturing,
and wholesale trade and was significantly below
the average in insurance and "other industries."
By area, the percentage of financing by foreign parent groups was above the all-countries
average for UBO'S in the Middle East and in Asia
and Pacific and below the average for UBO'S in
Canada and in Europe. Within Europe, the share
of British investment financed by foreign parent groups was above average, whereas the share
of French investment financed by foreign parent
groups was considerably below average.
for FDIUS should be made with caution. Furthermore, it should be noted
that, when disaggregated by country, the outlays data in this article are shown
by country of UBO, whereas the capital flow data are shown by country of
foreign parent.
Selected Operating Data
The total assets of U.S. businesses acquired or established by foreign direct investors in 1992 were
$30.9 billion, down from $152.1 billion in 1991 (tables 7.1 and 7.2). The assets of the businesses
acquired in 1992, at $22.3 billion, were larger than
those of the businesses established, at $8.6 billion.
Assets in finance (except banking), at $8.4
billion, and in manufacturing, at $7.6 billion, together accounted for more than one-half of the
total assets of U.S. businesses acquired or established. In finance (except banking), assets mainly
reflected the acquisition of the Illinois-based savings institution. Within manufacturing, assets
in "other manufacturing," at $2.7 billion, and in
chemicals, at $1.9 billion, were largest.
Acquired businesses employed 104,000 workers. Manufacturers accounted for the largest
share of these employees (51 percent); retail trade
also accounted for a large share (20 percent).
Newly established businesses employed 16,000
workers.
Foreign investors obtained 36,000 acres of U.S.
land as a result of acquisitions. Real estate affiliates accounted for a majority of the acreage
obtained. Foreign investors obtained 85,000
acres by establishing new businesses, including
purchases of real estate.
Tables 7.1 and 7.2 follow. Bl
May 1993
•
121
122 • May
SURVEY OF CURRENT BUSINESS
Table 7.1 .—Total Assets, Sales, Net Income, Employment, and Acres of Land Owned by U.S. Business Enterprises Acquired
or Established, by Industry of U.S. Business Enterprise, 1991
[Millions of dollars unless otherwise indicated]
Total assets
U.S. business enterprises established
U.S. business enterprises acquired
nf all 1 1 9
or an u.o.
business enterprises acquired or established
Total
assets
_
i
bales
Net
income
Number of
employees
Number of
acres of
land
owned
Total
assets
Net
Caloe 1
oaies
income
Number of
employees
Number of
acres of
land
owned
152,076
132,540
45,470
-187
222,921
255,778
19,536
6,894
33
26,089
136,882
1,435
544
403
g
P)
P)
P)
P)
P)
n9
1,886
P)
P
P
891
0
891
P)
P)
(D)
0
P)
32
0
32
P)
P)
14,786
12,326
13,943
(*)
90,865
17,384
2,461
1,714
-73
9,389
11,591
Food and kindred products
Beverages
Other
1,312
1,285
1 570
-4
27
186
P)
3,124
P)
P)
22
22
-6
637
933
552
P)
5 069
1,004
4,065
3 676
344
968
3,306
1,759
1,503
62
1,481
1,547
820
P)
P)
P)
P)
65
P)
P)
P
P
Q
P)
P)0
P)
P)
P)
P)
P)
P)0
P)
P)
P)
Chemicals and allied products
Industrial chemicals and synthetics
Drugs
Soap, cleaners, and toilet goods
Other
P)
P)
P)
498
81
81
0
417
148
42
42
0
105
112
4,539
1,469
301
260
3,070
P)
P)
P)
P)
P)2
P)
P)
P)
P)
P)
P)1
All industries
Petroleum
Petroleum and coal products manufacturing
Other
Manufacturing
1,471
4
8
P)
P)
8,342
2,613
734
0
n
863
3
P)0
P)
P)
P)
303
340
P)
892
167
167
0
725
744
125
125
0
620
852
210
210
0
643
-8
-7
-7
0
-1
5,063
Machinery
Machinery, except electrical
Office and computing machines
Other
Electric and electronic equipment
Audio, video, and communications equipment
Electronic components and accessories
Other
7,013
1,809
6,712
6,905
3,953
32
-27
-4
-23
59
46,921
18,322
1,505
16,817
28,599
-91
P)
P)
4,868
P)
P)
P
P
P
P
P)
Other manufacturing
Textile products and apparel
Lumber, wood, furniture, and fixtures
Paper and allied products
Printing and publishing
Newspapers
Other
Rubber products
Miscellaneous plastics products
Stone, clay, and glass products
Transportation equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Other
2,264
1,825
3,113
24,270
7,190
439
458
218
251
90
218
(D)
223
P)
-82
7
366
3,726
P
P)
P)
O
3
P)
P)
3,570
P)
P)
P)
Primary and fabricated metals
Primary metal industries
Ferrous
Nonferrous .
Fabricated metal products
136
1,673
5,204
1,423
P)
P)
P)
P)
73
Wholesale trade ...
Motor vehicles and equipment
Professional and commercial equipment and supplies
Metals and minerals, except petroleum
Electrical goods .
Machinery, equipment, and supplies
Other durable goods
Groceries and related products
Farm-product raw materials
Other nondurable goods
.
Banking
..
Real estate
Services
Hotels and other lodging places
Business services
Computer and data processing services
Other business services
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
Accounting, research, management, and related services
Health services
Other services
Other industries
Agriculture, forestry, and fishing
Mininq ....
Coal ...
Other..
Construction
Transportation
Communication and public utilities
D
Suppressed to avoid disclosure of data of individual companies.
* Less than $500,000 (±).
1. Sales, or gross operating revenue, excluding sales taxes.
523
P)
P)
P)
P)
P)
P)
P)
196
n
p)
-6
1
5
2
P)
P)
P)
508
465
0
15
8
7
P)
1,327
P
1,400
1,189
2,177
1
8,382
222
34
(D)
P)
P)
n
(*3)
356
(D)
(D)
-6
-1
-7
4
623
325
(D)
27
P)
P)
2,295
P)
P)
197
45
58
147
36
56
8
P)
P)
P)
5
Insurance
218
(D)
261
176
P)
Finance except banking
P)
P)
(D)
P)
366
P)
2,951
0
333
240
391
194
197
262
188
35
37
157
... .
P)
(D)
P)
P)
()
6,263
1 200
1,200
50
325
192
709
122
587
357
281
P)
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores
Other
P)
P)
P)
0
8
284
85
111
27
539
9,903
0
( )
(D)
n
-4
4
-4
p)
P)
266
3,025
1,602
4,517
5,726
P)
P)
2,792
P
P
( )
65,024
291
53
P
0
28
P)
0
0
0
p)
p)
p)
p)
p)2
1
12
211
1
P)
P)
P)
0
M
p)
n
fl
0
9
0
p)0
p)
1,037
300
454
454
0
583
H
(*)
4
3
1
-4
-1
0
-3
2,256
56
(D)
P)
0
0
0
80
9
1
P)
P)
P)
P)
P)
-1
P)
P)
P)
P)
P)
P)
P)
(D)
P)
473
P)
0
0
0
501
(D)
(D)
180
P)
P)
c
P)
P)
P)0
p)
(D)
0
0
0
0
P)
P)
P)
p)
p)
p)
P)
p)0
p)
441
21
n
n
n
P)
n
pj
132
30
n
12
-1
455
1
-11
P)
0
P)
-6
-5
-5
0
-2
1
2
-4
0
0
0
4
-3
-1
n
Q
_2
93
0
p
p
50
9
2
0
163
41
110
19
1
0
32
P)
P)
-4
(*)
(*)
0
-5
P
427
5
0
862
P)
3,648
14
-1
0
2
(D)
0
P)0
P)
3,203
p]
p)
P)
P
0
p)
P)
p)
P)
0
(D)
D
0
0
P)
24
P)
(D)
P)
P)
P)
0
45
P)
P)
-106
13,239
1,973
1,816
96
-3
177
P)
3,806
0
1,605
61
26
103
0
P)0
P)
o
p)
0
0
0
0
0
P)
(D)
P)
P)
()
P)
36,785
34,969
3,775
13,955
12,350
(D)
P)
P)
P)
70
16,551
P
P)
P)
27
P)
p)
4,805
258
50
-3
169
4,284
4,547
318
-9
416
59,108
1,402
69
P)
P)
P)
P)
-44
-28
-4
-3
-1
2,878
1,572
P)
P)
P)
224
111
11
7
4
2
0
7,812
n
20,108
2,773
9,683
7,847
63
787
279
1,290
1,258
P)
P)
P)
P)
P)
P)
86
88
86
39
111
674
271
403
P)
88
32
n
4
1
1,020
501
P)
P)
449
384
P)
5,408
525
38
42
289
356
9
1
-2
-3
1
-4
2
3
1
2,891
P)
P)
194
100
151
P)
41
P)
P)
65
33
n
P)
P)
144
75
P)
P)
P)
P)
P)
776
1,015
928
P)
P)0
P0
p
p
(D
2,310
P)
P)
P)
P)
P)
P)
P)
P
508
32
10
22
5
0
50
n
U
12
A
(J
P)
88
236
488
2
P)
1
0
1
129
67
P)
0
0
n
144
97
47
(D)
0
(1
196
fi
0
-8
u
-4
D
( )
n
0
0
n
326
P)
P)
P)
u
P)
98
0
0
0
P)
0
P)
rU
7,699
n12
37,549
19.436
0
0
0
P)0
P)
P)
P)
1,532
-2
(*)
p)
P)
P)
0
NOTE.—Data for 1991 are revised. For acquired businesses, data are for, or as of, the fiscal year preceding
the year of acquisition; for newly established businesses, data are projections for, or as of the end of, the first
full year of operation.
May 1993 •
SURVEY OF CURRENT BUSINESS
123
Table 7.2.—Total Assets, Sales, Net Income, Employment, and Acres of Land Owned by U.S. Business Enterprises Acquired
or Established, by Industry of U.S. Business Enterprise, 1992
[Millions of dollars unless otherwise indicated]
Total assets
of all 11^
or an u.o.
business enterprises acquired or established
All industries
Petroleum
Petroleum and coal products manufacturing
Other
Manufacturing
U.S. business enterprises acquired
Total
assets
Number of
employees
Number of
acres of
land
owned
17,836
-200
104,382
36,263
8,600
3,825
138
15,668
84,746
P)
1024
211
P)
-3
0
-3
o
P)
P)
(*)
o
P)
P)
o
P)
0
0
o
P)
P)
P
P)
P
P)
74
(*)
74
7,645
6,100
7,292
-235
53,431
5,359
1,546
1,862
41
9,587
274
17
3,106
361
n
P)
P)
P)
17
P)
P)
P)
9
6
479
2
477
P
P)
P)
1,847
448
84
50
-2
7,555
919
1,063
199
-11
1,104
0
P)0
P)
P)
P)
P)
P)0
P)
P)
P)
P)
8
P)
P)
1,487
-38
-36
8 504
P)
P)
-2
P
P)
P)
1,847
532
153
153
P)
P)
682
Primary and fabricated metals
Primary metal industries
Ferrous
Nonferrous
Fabricated metal products
1,464
1,179
P)
P)
1 292
'P)
P)
P)
P)
571
962
543
61
482
420
764
811
P)
372
84
288
-4
-1
-12
11
7,035
3,157
440
-3
3,878
P)
P)
P)
P)
P)
P)
P)
P)
P)
0
P)
68
184
188
4
444
-8
1
1,570
1,864
2,667
-259
27,231
P)
P)
P)
P)
P)
P)
P)
P)
285
153
P)
2,710
P)
n
pi0
p)
2
305
P)
199
16
184
236
65
59
P)
P)
915
P)
P)
222
0
222
0
0
235
83
182
0
182
233
78
362
0
P)
362
213
fl
6
0
6
0
13
3,934
0
3,934
2,137
1,134
0
99
5
963
P)
P)
P)
22
2
-3
P)
P)
P)
P)
43
101
0
P)
0
53
86
0
215
182
130
827
8
8
4
807
819
0
8
4
807
1,721
0
45
-136
P)
0
P)
Banking
2,200
2,200
Finance, except banking
8,393
P)
5
37
21
P)
1,831
0
1,831
0
2,063
-14
-14
-12
60
12
P)
P)
610
746
12
25
848
P)
-6
1,339
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores
Other
Net
income
Sales'
P)
1,937
Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplies
Metals and minerals, except petroleum
Electrical goods
Machinery, equipment, and supplies
Other durable goods .
Groceries and related products
Farm-product raw materials
Other nondurable goods
Total
assets
22,313
Chemicals and allied products
Industrial chemicals and synthetics
Drugs
Soap, cleaners, and toilet goods
Other
Other manufacturing
Textile products and apparel
Lumber, wood, furniture, and fixtures
Paper and allied products
Printing and publishing
Newspapers
Other ....
Rubber products
Miscellaneous plastics products
Stone, clay, and glass products
Transportation equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Other
Number of
employees
612
P)
Machinery
Machinery, except electrical
Office and computing machines
Other ....
Electric and electronic equipment
Audio, video, and communications equipment.
Electronic components and accessories
Other ....
income
30,912
572
26
545
Food and kindred products
Beverages
Other
Net
Sales'
U.S. business enterprises established
Number of
acres of
land
owned
O
9
O
2
5
0
9
7,715
P)
P)
P)
P)
20
o
(*)
0
P)
P)
P)
P)
-5
72
-1
0
0
-4
P)0
p)
4
1
0
0
3
P)
2442
172
104
10
361
P)
P)
P)
P)
P)
2
0
2
0
P)
P)
p)
p)
P)
0
0
P)
P)
8
P)
0
198
360
55
P)
fl
P)
P)
P
P
P)
P)
P)
-3
-5
0
-5
1,120
P)
P)
P)
0
0
p)
p)
p)
p)0
31
0
0
0
0
0
0
fl
P)
P
P)
P)
P)
94
P)
P)
P)
0
P)
P)
P)
P)
P)
P)
P)
0
p)
P)
90
0
0
2
0
0
2
P)
P)
0
0
0
0
0
2
1
104
70
n
p)
P)
18
p)
37
p)
p)
16
2
P)4
P)
(*)
0
23
165
0
P)
P)
P)0
p)
37
0
594
1,356
P)0
P)0
P)
P)
2
1,095
P)
P)
0
1
O
n0
3
3
0
P)
O
69
1
0
0
P
P)
P)
P
p)
P)
p)
p)
p)
99
0
0
0
0
0
p
0
0
0
P)0
0
0
0
0
p
P)
(/D\)
P)
P)
P)
/D\
p)
157
P
P)
0
28
1,600
39
P)
P)0
0
p)
P)
0
0
0
n
p)
P)
P)
P)
62
0
P)
P)
0
p)
71
0
P)
p)
6
p)
P)0
P)0
33
106
20,617
0
531
p)
P)
P)
(*)
0
-137
P)
P)
0
p)
8
8
0
0
(*)
1
0
(*)
87
-12
971
p)
0
0
0
0
0
P)
P)
85
P)
p)
P)
80
1
392
5
0
1
0
1,006
0
0
6
1
0
14
0
O
(*)
0
2
n0
p)0
0
0
p)
0
0
0
0
0
0
Insurance
2,921
P)
166
2
391
0
P)
P)
6
P)
p)
Real estate
2,205
571
78
-53
370
p)
1,634
158
17
354
17,406
Services
Hotels and other lodging places
Business services
Computer and data processing services
Other business services
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
Accounting, research, management, and related services
Health services
Other services
1,224
785
215
-36
6,957
1,655
2,733
1,458
1,275
169
3,429
1,870
675
72
P)
616
85
297
152
145
16
47
Other industries
Agriculture, forestry and fishing
Mining
Coal
Other
Construction ..
Transportation
Communication and public utilities
D
Suppressed to avoid disclosure of data of individual companies.
* Less than $500,000 (±)
1. Sales, or gross operating revenue, excluding sales taxes.
421
474
80
394
17
16
50
86
161
3,546
52
1,236
P)
P)
P)
P)
1,303
P)
62
P)
P)
81
84
3,380
8
1,233
P)
P)
P)
P)
P)
4
13
144
26
-3
-30
-17
-13
-1
-1
-6
4
1
89
3,596
1
-1
336
70
P)
P)
P)
P)
P)
P)
P)
P)
5
P)
440
198
5
77
205
P)0
P)
18
110
52
5
5
P)
P)
P)
1
4
P)0
P)
365
0
0
176
1,622
0
P)
P)
P)
P)
1,330
P)
P)
P)
P)
1,576
P)
P)
P)
0
P)5
3
6
O
0
1
n
77
P)
-7
9,354
167
62
1
P)
44
4
0
4
0
1
0
0
0
0
(*)
0
0
0
P)
P)
P)
4,825
P)
P)
P)
0
P)
P)
0
(*)•
0
P)
11
P)
P)
P)
P)0
0
0
P)
P)
283
P)
P)
434
48
0
0
0
0
P)
P)
P)
P)
52.452
P)
0
P)
0
P)
P)
NOTE—Data for 1992 are preliminary. For acquired businesses, data are for, or as of. the fiscal year preceding
the year of acquisition; for newly established businesses, data are projections for. or as of the end of, the first
full year of operation.
124
SURVEY OF CURRENT BUSINESS
May 1993
BEA Working Paper Summary:
An Analysis of the Use of Time-Series Models
to Improve Initial Estimates of International Transactions
By Albert A. Hirsch and Michael A. Mann
on an investigation to see whether the use of
time-series models could improve the accuracy and decrease the
bias of the initial estimates of international transactions data in
both the national income and product accounts and the international transactions accounts. Currently, these estimates require
a considerable degree of judgment in lieu of complete source
data.
The time-series models used were autoregressive movingaverage time-series models. They were augmented when possible
with appropriate economic indicators. The models were specified and estimated for three categories of international transactions components, chosen primarily because of the size of
revisions of their initial estimates: Merchandise exports and
imports, travel receipts and expenditures, and receipts and
payments on direct investment. These models were used to predict values for these components one period ahead; summary
measures of errors calculated from these predictions were then
compared with the size of revisions made to BEA'S actual initial
estimates.
Among the 18 sets of comparisons made, there were only
two instances in which the time-series models significantly
outperformed the initial BEA estimates in terms of accuracy:
THIS PAPER REPORTS
(Aggregate) nonpetroleum merchandise imports, and investment
income payments in manufacturing industries. Among the remaining sets, the time-series models produced either a decrease
in or little change in accuracy.
In three of the comparisons, the time-series models showed
significantly reduced bias; in one of these—income payments in manufacturing industries—the time-series model also
demonstrated improved accuracy.
It is concluded that the case for using time-series models to improve initial estimates of international transactions
components is not strong. However, although model-based
estimates should not be regarded as a satisfactory replacement for BEA'S current estimating methodology, the study does
suggest selected components for which model-based estimates
may furnish useful additional information in making initial
estimates.
The paper, which is BEA Working Paper No. 7, may be ordered from BEA'S Public Information Office. Write to Order
Desk, BE-53, Bureau of Economic Analysis, U.S. Department of
Commerce, Washington, DC 20230, or call (202) 523-0777. The
accession number is 53-93-10-003; the price is $5.00. H
May 1993
C-l
SURVEY OF CURRENT BUSINESS
BUSINESS
CYCLE
INDICATORS
Data tables
C-l
Footnotes for pages C-l through C-5
C-6
Charts
C-7
Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources
are provided through the courtesy of the compilers and are subject to their copyrights.
Current and historical data for the series shown in the C-pages are available on printouts, diskettes, and the Commerce
Department's Economic Bulletin Board. For more information, write to Business Cycle Indicators Branch, Business Outlook
Division (BE-52), Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230.
NOTE.—This section of the SURVEY is prepared by the Business Cycle Indicators Branch.
Series
no.
Year
1992
1993
Series title and timing classification
1992
Mar.
Apr.
May
June
July
Aug.
Sept.
Nov.
Oct.
|
Dec.
Jan.
Feb.
Mar.
Apr.
1. COMPOSITE INDEXES
The Leading Index
910 •
•
1 •
5*
8*
32 •
20 •
29*
92 •
99 •
19*
106 •
83 •
950
Composite index of leading indicators, 1982=100 (L,L,L) ....
Percent change from previous month
Percent change over 3-month span, AR
Leading index components:
Average weekly hours, mfg. (L,L,L)
Average weekly initial claims for unemployment
insurance, thous. (L,C,L)' ?.
Mfrs.' new orders, consumer goods and materials,
bil. 1982$ (L,L,L).
Vendor performance, slower deliveries diffusion index,
Contracts and orders for plant and equipment, bil. 1982$
(L.L.L).
Index of new private housing units authorized by local
Duiioing permits, iyo/=iuu (L,L,L)SChange in mfrs.1 unfilled orders, durable goods, bil.
1982$, smoothed (L,L,L)f.
Change in sensitive materials prices, percent, smoothed
(L,L,L) f .
Index of stock prices, 500 common stocks, 1941-43=10,
NSA (L,L,L)*.
Money supply M2 bil 1982$ (L L L)
Index of consumer expectations, U. of Michigan,
1966:1=100, NSA (L,L,L)© 2 .
Diffusion index of 11 leading indicator components:
Percent rising over 1-month span
Pprpont ricinn cwjQt fi-mAnth Qnsn
148.3
148.7
.1
1.3
149.4
"150.5
153.5
"82
"-3.1
"151.9
-1.0
'-1.8
'152.0
'.1
"124
"153.1
1.7
9.1
152.7
"52
41.0
436
40.9
455
41.1
396
41.2
373
41.2
333
41.4
364
41.5
343
41.2
376
'41.5
374
91.53
90.02
90.41
92.00
93.74
"98.26
98.16
97.21
"95.41
'95.81
51.1
50.2
50.9
48.8
51.0
51.7
53.2
53.1
52.1
53.6
46.45
44.41
44.67
45.51
"46.03
"45.55
"50.34
49.35
"53.88
"51.22
'48.37
"84.0
"83.6
"86.4
"86.2
"89.3
"91.0
"90.6
"95.4
"92.3
"91.0
"82.5
87.8
-2.96
-3.17
-3.47
-3.24
-3.23
-2.66
-1.87
"-1.19
"-1.23
'-1.58
.72
.52
.50
.22
-.15
"-.26
"-.24
"-.18
"-.22
-.35
450.16
443.08
149.2
.6
2.5
148.8
148.9
.1
-1.6
148.6
1.6
41.1
413
41.3
418
41.0
429
41.0
417
88.65
90.17
89.73
90.70
50.1
48.1
50.2
50.5
543.78
45.73
"44.46
44.39
87.7
"86.3
"82.9
148.9
147.9
4*8
5.6
41.0
412
41.1
425
1,092.41
50.2
-2.79
-2.57
-2.65
-2.70
-2.74
.27
.14
.51
.77
.83
c
c
415.74
407.36
407.41
414.81
408.27
415.05
417.93
418.48
412.50
422.84
435.64
435.23
441.70
2,387.3
70.3
2,401.5
70.3
2,392.8
70.5
2,391.4
71.2
2.382.7
70.7
2,377.2
67.6
2.378.4
69.5
2.380.4
67.4
2.378.3
67.5
2,376.4
78.2
2,372.5
89.5
"2.354.5
83.4
2.338.6
80.6
54.5
67.4
40.9
68.2
45.5
63.6
45.5
54.5
36.4
54.5
50.0
59.1
40.9
63.6
54.5
81.8
63.6
81.8
63.6
81.8
77.3
72.7
36.4
'72.7
54.5
"9.1
123.6
.1
1.5
123.4
0
2.0
123.4
0
0
123.4
0
123.3
-.1
1.3
123.8
.4
-.6
123.2
123.9
3^3
124.2
.2
"7.3
"125.5
1.0
4.9
125.4
"-.1
"4.6
"125.6
.2
"1.0
125.8
0
123.3
.1
.3
108,437
3.391.2
108.200
3.386.0
108,377
3,377.6
108,496
3,380.7
108,423
3,377.3
108.594
3.375.8
108,485
3,387.5
108,497
3,382.4
108,571
3,412.8
108,646
3,411.6
108,752
3,441.5
108.865 "109,203
"3,439.3 "3,432.3
"105.6
"106.3
106.6
5,849,872 "482,047 "483,154
"106.7
480,624
"106.0
486,048
"106.8
490,651
"106.6
485,449
"106.2
491,591
"107.5
491,220
"108.4
495,195
"108.9
505,405
"109.3
"109.9
"109.9
"505,014 "506,532 '507,256
"2.333.8 '2,324.8
76.4
75.8
'54.5
The Coincident Index
920
•
41 •
51 •
47*
57 •
Composite index of coincident indicators, 1982=100 (C,C,C)
Percent change from previous month
Percent change over 3-month span, AR
Coincident ind#x components:
Employees on nonagricultural payrolls, thous. (C,C,C) ....
Personal income less transfer payments, bil. 1987$, AR
(C.C.C).
Index of industrial production, 1987=100 (C,C.C)§
Manufacturing and trade sales, mil. 1987$ (C.C.C)
Diffusion index of 4 coincident indicator components:
Percent rising over 1-month span
Percent risino over 6-month soan
951
r
3
125.3
3
-.4
109,194 '109,313
"3,450.1 '3,434.7
'110.0
3
66.7
65.6
90.6
75.0
75.0
75.0
100.0
75.0
87.5
25.0
75.0
87.5
100.0
25.0
100.0
37.5
100.0
75.0
100.0
87.5
100.0
100.0
100.0
3
"50.0
100.0
75.0
"75.0
106.0
-.5
-5.6
108.0
-.4
-7.1
107.5
-.5
-7.5
106.3
-1.1
-9.3
105.4
-.8
-10.0
104.7
-.7
-5.2
104.9
.2
-4.5
104.2
-.7
-2.3
104.1
-.1
-1.1
104.6
.5
0
104.2
-.4
"103.8
"-.4
"104.3
".5
"104.1
-.2
4
1.6
17.9
1.61
17.0
1.62
17.2
1.62
17.9
1.62
18.2
1.61
18.3
1.60
18.3
1.62
18.5
1.60
19.2
1.60
18.4
1.59
19.2
1.56
18.7
1.56
18.3
"1.56
17.5
'1.56
17.4
-1.5
"-2.7
"-3.2
"-3.2
"-2.1
"-1.8
"-1.2
"-.4
-.1
"-1.6
"-.1
"-1.2
"-1.6
"-1.7
'-1.6
6.25
6.50
6.50
6.50
6.50
6.02
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
361,793
367,236
365,340
360,078
355,208
356,142
356,459
354,948
359,663
14.51
"14.66
"14.59
"14.52
14.51
"14.47
"14.46
"14.43
"14.27
"14.31
"14.27
"14.25
"14.32
'14.30
3.8
4.2
4.2
3.9
3.7
3.5
3.3
3.1
3.4
3.7
3.9
4.1
4.2
4.2
32.1
22.6
116.7
35 7
0
114.3
35.7
0
114.8
14.3
7.1
7.1
0
117.0
14.3
14.3
118.2
28.6
"14.3
117.4
21.4
42.9
118.3
57.1
42.9
119.0
64.3
"71.4
50.0
50.0
"120.4
42.9
50.0
"120.8
"71.4
"35.7
"120.4
'120.8
The Lagging Index
930
•
91*
77 •
62 •
109
•
101 •
95 •
120 •
952
940
•
Composite index of lagging indicators, 1982=100 (Lg.Lg.Lg)
Percent change from previous month
Percent change over 3-month span AR
Lagging index components:
Average duration of unemployment, weeks (Lg.Lg.Lg) ? .
Ratio, mfg. and trade inventories to sales in 1987$
(Lg.Lg.Lg).
Change in labor cost per unit of output, mfg., percent,
AD £*m/\/\thrtr4
t\ n 1 n 1 n\ ~
An,
smoomea (Lg,Lg,L.g)
• K9.
Average prime rate charged by banks, percent, NSA
(Lg.Lg.Lg)*.
Commercial and industrial loans outstanding, mil. 1982$
(Lg,Lg,Lg).
Ratio, consumer installment credit outstanding to
personal income, percent (Lg.Lg.Lg) §.
Change in Consumer Price Index for services, percent,
AR, smoothed (Lg.Lg.Lg) v.
Diffusion index of 7 lagging indicator components:
Percent rising over 1-month span
Percent rising over 6-month span
Ratio, coincident index to lagging index. 1982=100 (L.L.L) .
116.1
NOTE—The following current high values were reached before March 1992: June 1991— BCI-106 (2.424.6): August 1991—BCI-92 smoothed (-0.96); and December 1991—BCI-62 smoothed (1.1) and BCI-77 (1.66).
See page C-6 for other footnotes.
r
364,712 "365.248
118.7
4
104.2
"358.832 "360.354 "353.310 '352.821
4
4.3
4
70.0
'120.2
C-2
•
SURVEY OF CURRENT BUSINESS
May 1993
Year
Series
1992
1993
Series title and timing classification
no.
1992
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
2. LABOR FORCE, EMPLOYMENT, AND UNEMPLOYMENT
Labor force:
Civilian labor force, thous
Civilian employment, thous
Civilian labor force participation rates (percent):
Males 20 years and over
Females 20 years and over
Both sexes 16-19 years of age
Marginal employment adjustments:
Average weekly hours, mfg. (L.L.L)
Average weekly overtime hours, mfg. (L,C,L)
Average weekly initial claims for unemployment
126,982
117,598
126,548
117,264
126,743
117,518
127,039
117,580
127,298
117,510
127,350
117,722
127,404
117,780
127,274
117,724
127,066
117,687
127,365
118,064
127,591
118,311
127.083
118,071
127,327
118,451
127,429
118,565
127,341
118,416
77.3
58.4
51.3
77.4
58.4
50.5
77.4
58.4
50.4
111
58.3
51.2
77.6
58.5
51.8
77.4
58.6
51.3
77.5
58.5
51.5
77.3
58.3
52.1
77.3
58.2
50.6
77.1
58.4
51.4
77.1
58.5
51.6
76.8
58.2
51.0
76.8
58.2
52.1
76.9
58.2
51.3
76.8
58.1
51.7
41.0
3.8
412
41.1
3.8
425
41.1
3.9
413
41.3
4.1
418
41.0
3.8
429
41.0
3.8
417
41.0
3.7
436
40.9
3.5
455
41.1
3.8
396
41.2
3.9
373
41.2
3.9
333
41.4
4.0
364
41.5
'4.2
343
41.2
3.9
376
'41.5
'-4.3
374
92
.290
93
.298
90
.290
93
.293
92
.280
91
.281
93
.287
90
.280
92
.292
95
.304
95
.305
92
.304
97
.325
96
.322
'96
'.320
'202.13
insurance, thous. (L,C,L)' ?.
Job vacancies:
Index of help-wanted advertising, 1967=100 (L.Lg.U)
Ratio, help-wanted advertising to unemployed (L,Lg,U) ..
Employment:
Employee hours in nonagricultural establishments,
bil. hours, AR(U.CC).
Persons engaged in nonagricultural activities, thous.
(U.C.C).
Employees on nonagricultural payrolls, thous. (C.C.C) ...
Diffusion index of employees on private nonagricultural
payrolls, 356 industries:
Percent rising over 1-month span
Percent rising over 6-month span
Employees in goods-producing industries, thous. (L,C,U)
Ratio, civilian employment to population of working age,
percent (U.Lg.U).
Unemployment:
Number of persons unemployed, thous. (L,Lg,U)?
Civilian unemployment rate, percent (L,Lg,U)+
Average weekly insured unemployment rate, percent
(L,Lg,U) 2 i§.
Average duration of unemployment, weeks (Lg,Lg,Lg) ? .
Unemployment rate, 15 weeks and over, percent
200.46
200.64
200.12
201.07
200.10
199.92
200.86
199.30
200.27
201.61
201.18
201.40
'202.30
'201.78
114,391
114,070
114,312
114,394
114,266
114,515
114,562
114,503
114,518
114,855
115,049
114,879
115,335
115,483
115.356
108,437
108,200
108,377
108,496
108,423
108.594
108,485
108,497
108,571
108,646
108,752
108,865
'109.203
'109.194
'109,313
49.1
49.0
23,420
61.4
47.5
49.7
23,532
61.4
58.4
51.1
23,530
61.5
51.4
47.3
23.548
61.5
45.2
49.3
23,470
61.4
49.6
42.8
23,459
61.4
42.6
42.0
23,362
61.4
49.9
46.2
23,296
61.3
50.1
47.6
23,270
61.3
49.7
'57.2
23,280
61.4
53.7
"56.7
23,263
61.5
55.1
'57.3
23,267
61.3
'61.5
''48.0
'51.8
'23,374
61.4
'23.293
61.4
'23,214
61.3
9,384
7.4
3.0
9,284
7.3
3.1
9,225
7.3
'3.2
9,459
7.4
3.1
9,788
7.7
3.1
9,628
7.6
3.1
9,624
7.6
'3.0
9,550
7.5
'3.0
9,379
7.4
2.9
9,301
7.3
'2.8
9,280
7.3
'2.6
9,013
7.1
2.6
8.876
7.0
2.5
8,864
7.0
2.5
8,925
7.0
2.6
17.9
2.6
17.0
2.5
17.2
2.4
17.9
2.6
18.2
2.7
18.3
2.8
18.3
2.8
18.5
2.8
19.2
2.8
18.4
2.7
19.2
2.8
18.7
2.6
18.3
2.5
17.5
2.4
174
2.3
(Lg.Lg.Lg)?.
3. OUTPUT, PRODUCTION, AND CAPACITY UTILIZATION
Output:
Gross domestic product, bil. 1987$, AR (C.C.C)
Percent change from previous quarter, AR
Gross national product, bil. 1987$, AR (C.C.C)
Value of domestic goods output, bil. 1987$, AR (C.C.C)
Industrial production indexes, 1987=100:
Total (C.C.C) §
Durable manufactures (C.C,C)§
Nondurable manufactures (C.L.L) §
Consumer goods (C,L,C)§
Capacity utilization rates (percent):
Total industry (L,C,U)§
Manufacturing (L.C.U) §
4,922.6
2.1
4,892.4
1.5
4,933.7
3.4
4,932.8
1,959.4
4,899.1
1,936.7
4,945.6
1,966.2
4,990.8
4.7
4,995.9
2,010.6
'5,002.5
'.9
'5,019.6
'2,017.1
106.6
108.1
105.4
105.2
'105.6
'106.7
'105.3
'104.7
'106.3
'107.2
'105.5
'105.4
'106.7
'108.4
'105.4
'105.8
'106.0
'107.6
'105.2
'104.0
'106.8
'108.2
'105.7
'104.9
'106.6
'108.5
'105.2
'105.1
'106.2
'108.1
'105.2
'104.4
'107.5
'109.8
'105.8
'106.4
'108.4
'110.9
'106.4
'107.1
'108.9
' 111.8
'106.0
'107.5
'109.3
'112.9
'106.4
'107.6
'109.9
'113.9
'106.4
'108.2
'109.9
'114.0
'106.4
'108.1
'110.0
'114.4
'106.8
'107.9
79.8
78.8
'79.5
'78.6
'79.9
'78.8
'80.1
'79.1
'79.5
'78.6
'80.0
'78.9
'79.7
'78.7
'79.3
'78.4
'80.2
'79.2
'79.7
'81.0
'79.8
'81.2
'80.3
'81.5
'80.5
'81.4
'80.5
'81.4
'80.7
4. SALES, ORDERS, AND DELIVERIES
57*
59 •
7*
8*
92*
32*
Sales:
Manufacturing and trade sales, mil. 1987$ (C,C,C)
Sales of retail stores mil 1987$ (U L U)
Orders and deliveries:
Mfrs.' new orders, durable goods, bil. 1982$ (L.L.L)
Mfrs.' new orders, consumer goods and materials,
bil. 1982$ (L.L.L).
Mfrs.' unfilled orders, durable goods, mil. 1982$ 0
Change from previous month, bil. 1982$
Change from previous month, bil. 1982$, smoothed
(L.L.L)t.
Vendor performance, slower deliveries diffusion index,
percent (L,L,L)\
5,849,872 '482,047
1 671 031 '137 262
'483,154
'137 260
480,624
137 848
486,048
137 485
490,651
138 377
485,449
138 914
491,591
139 635
491,220
142 398
495,195
142 013
505,405
143,717
'505.014 '506.532 '507,256
143 296 '142,594 '141.297 '142,605
1,177.70
1,092.41
97.00
88.65
98.62
90.17
96.46
89.73
99.09
90.70
96.43
91.53
95.88
90.02
96.15
90.41
100.56
92.00
98.77
93.74
'107.99
'98.26
360,926
-2.62
-2.79
383,777
-3.63
-2.57
382,275
-1.50
-2.65
379,611
-2.66
-2.70
376,850
-2.76
-2.74
372,579
-4.27
-2.96
369,071
-3.51
-3.17
364,610
-4.46
-3.47
364,137
-.47
-3.24
359,965
-4.17
-3.23
360,926
.96
-2.66
50.2
50.1
48.1
50.2
50.5
51.1
50.2
50.9
48.8
51.0
51.7
53.2
53.1
52.1
118.5
59,179
116.4
52 462
115.4
' 5 5 557
117.0
121.3
121.3
'121.5
105.45
98.16
107.39
97.21
361,676 '361,403
'-.27
.75
'-1.19
-1.87
'103.37
'95.41
'103.00
'95.81
'356.994 '353,276
'-4.41
'-3.72
'-1.23
'-1.58
53.6
5. FIXED CAPITAL INVESTMENT
12*
13*
10
20*
27 4
9*
11
97
61
100*
Formation of business enterprises:
Index of net business formation, 1967=100 (L.L.L)
Number of new business incorporations (L L L)
Business investment commitments:
Contracts and orders for plant and equipment, bil.$
/MM
Contracts and orders for plant and equipment, bil. 1982$
116.1
116.4
57 403
'115.4
54 462
411.45
36.37
'34.90
33.52
34.49
32.95
32.02
34.04
35.44
32.02
37.54
34.55
37.73
'34.83
'34.10
543.78
45.73
'44.46
44.39
46.45
44.41
44.67
45.51
'46.03
'45.55
'50.34
49.35
'53.88
'51.22
'48.37
507.53
42.39
40.51
41.98
43.67
41.54
41.63
42.80
43.10
42.88
47.64
46.11
'51.45
'48.19
'46.21
497.94
41.30
40.36
35.24
42.69
42.00
42.68
38.60
45.51
42.49
42.61
36.89
39.88
43.63
45.63
113.2
48 673
117.5
58 730
116.6
56 942
114.2
51 245
/1 1 1 \
Mfrs.' new orders, nondefense capital goods, bil. 1982$
(L.L.L).
Construction contracts awarded for commercial and
industrial buildings, mil. sq. ft.(L,C,U)© 3 .
New capital appropriations mfg bil $ (U Lg U)
Backlog of capital appropriations mfg bil $ (C Lg Lg) 0
Business investment expenditures:
New plant and equipment expenditures by business
bil.$, AR (C.Lg.Lg)*.
New plant and equipment expenditures by business,
bil. 1987$, AR (C.Lg.Lg)*.
546 08
540 91
547 53
56016
"•571.41
512.92
505.99
516.53
528 96
"541.48
NOTE.—The following current high values were reached before March 1992: July 1991— BCI-10 (39.01) and BCI92 change (5.66); August 1991—BCI-92 smoothed (-0.96); 3d Q 1991—BCI-11 (33.83); and October 1991—BCI-
9 (50.37).
See page C-6 for other footnotes.
May 1993 •
SURVEY OF CURRENT BUSINESS
Series
no.
Year
C-3
1993
1992
Series title and timing classification
1992
Mar.
May
Apr.
June
July
Aug.
Sept.
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
5. FIXED CAPITAL INVESTMENT-Continued
69 •
76*
86*
87*
28*
29*
Business investment expenditures—Continued:
Mfrs.' machinery and equipment sales and business
construction expenditures, bil.$, AR (C,Lg,Lg).
Index of industrial production, business equipment,
1987=100 (C.Lg,U)§.
Gross private nonresidential fixed investment, bil. 1987$,
AR:
Total (C.Lg.C)
Structures (Lg,Lg,Lg)
Producers' durable equipment (C,Lg,C)
Residential construction and investment:
New private housing units started, thous., AR (L,L,L)
Index of new private housing units authorized by local
building permits, 1967=100 (L,L,L)§.
Gross private residential fixed investment, bil. 1987$, AR
(LL.L).
441.69
123.2
449.23
432.80
r
'120.6
119.0
427.89
442.75
428.95
442.75
439.89
452.26
467.30
450.48
'123.7
'126.1
'125.0
'127.5
'129.0
'129.6
'131.2
518.7
144.7
374.0
515.0
146.8
368.2
1,200
87.7
1,318
1,095
'82.9
1,229
'86.2
530.9
144.0
386.9
1,218
'89.3
1,226
'91.0
1,226
'90.6
1,286
'95.4
1,171
'92.3
191.3
6. INVENTORIES AND INVENTORY INVESTMENT
70
77*
30*
31*
Inventories on hand:
Mfg. and trade inventories, bil. 1987$ (Lg,Lg,Lg)O
Ratio, mfg. and trade inventories to sales in 1987$
(Lg.Lg,Lg).
Inventory investment:
Change in business inventories, bil. 1987$, AR (L,L,L) .
Change in mfg. and trade inventories, bil.$, AR (L,L,L)
786.63
1.61
780.49
1.62
781.42
1.62
779.50
1.62
782.34
1.61
785.19
1.60
786.85
1.62
784.85
1.60
784.27
1.60
785.44
1.59
786.63
1.56
'786.78
1.56
'788.99
'1.56
"792.80
'1.56
5.0
15.6
'20"4
Mil
7.8
-4.4
55.4
40.6
15.0
27.0
-11.5
11.4
9.8
14.9
26.6
26.6
'36.8
'42.5
"78.8
120.88
-.28
120.56
-.26
122.03
1.22
120.26
-1.45
.72
.52
.50
.22
118.59
-1.39
-.15
'119.39
'.67
'-.26
119.88
'.41
'-.24
'119.98
'.08
'-.18
119.10
'-.73
'-.22
117.90
-1.01
-.35
7. PRICES
99 •
98
23 •
336
•
337
•
334
333
•
332
•
331
311
•
320
323
•
120 •
Sensitive commodity prices:
Index of sensitive materials prices, 1982=100
Percent change from previous month
Percent change from previous month, smoothed
(L,L,L)t.
Index of producer prices for sensitive crude and
intermediate materials, 1982=100 (L,L,L).
Cattle hides
Lumber and wood products
Wastepaper, news .
Wastepaper, mixed, NSA
Wastepaper, corrugated
Iron and steel scrap
Copper base scrap
Aluminum base scrap
Other nonferrous sciap, n e e , NSA
Sand, gravel, and crushed stone
Raw cotton
Domestic apparel wool
Index of spot market prices, raw industrial materials,
1967=100, NSA (U,L,L)©'*.
Copper scrap, $ per Ib.©
Lead scrap, $ per Ib.©
Steel scrap, $ per ton©
Tin, $ per Ib., NSA©
Zinc, $ per Ib., NSA©
Burlap, $ per yd., NSA©
Cotton, $ per Ib.©
Print cloth, $ per yd., NSA©
Wool tops, $ per Ib., NSA©
Hides, $ per Ib., NSA©
Rosin, $ per 100 Ib.©
Rubber, $ per Ib.©
Tallow, $ per Ib. ©
Producer Price Indexes:
Finished goods, 1982=100
Percent change over 1-month span
Percent change over 6-month span, AR
Finished goods less foods and energy, 1982=100
Percent change over 1-month span
Percent change over 6-month span, AR
Finished consumer goods, 1982=100
Percent change over 1-month span
Percent change over 6-month span, AR
Capital equipment, 1982=100
Percent change over 1-month span
Percent change over 6-month span, AR
Intermediate materials, supplies, and components,
1982=100.
Percent change over 1-month span
Percent change over 6-month span, AR
Crude materials for further processing, 1982=100
Percent change over 1-month span
Percent change over 6-month span, AR
Fixed-weighted price index, gross domestic business
product, 1987=100 §.
Percent change from previous quarter, AR §
Consumer Price Indexes for all urban consumers:
All items, 1982-84=100, NSA
Percent change over 1-month span
Percent change over 6-month span, AR
All items less food and energy, 1982-84=100
Percent change over 1-month span
Percent change over 6-month span. AR
Services, 1982-84=100
Percent change from previous month. AR
Percent change from previous month. AR, smoothed
(Lg,Lg,Lg)t.
118.53
1.74
120.10
1.32
121.08
121.22
.14
.51
.82
.77
.12
.83
141.98
141.83
141.33
141.73
141.40
141.21
141.28
142.97
142.96
144.17
'148.80
153.56
158.72
163.01
162.31
171.6
146.7
91.6
64.5
146.4
139.2
162.9
137.5
131.4
130.6
89.8
81.5
275.5
166.3
146.0
83.8
51.7
148.4
143.6
162.6
138.9
133.6
130.1
85.3
86.9
268.0
161.9
145.5
83.0
55.6
149.2
141.6
160.1
142.7
136.8
130.1
85.6
86.1
278.1
168.9
145.4
85.0
56.3
150.3
141.3
162.4
145.4
135.8
130.1
87.8
89.0
281.5
169.2
144.9
88.7
56.5
149.2
139.8
169.1
143.4
134.2
130.2
89.0
85.0
284.2
167.5
143.4
91.6
52.1
148.9
141.0
173.9
144.5
136.7
130.8
95.7
84.7
285.7
172.1
145.0
94.3
51.2
138.7
135.8
171.9
143.2
138.9
131.0
92.6
83.6
283.1
180.2
148.6
96.9
84.6
139.6
134.9
163.6
135.1
133.9
131.1
94.8
83.5
284.7
180.9
150.2
97.3
86.7
139.3
133.5
159.1
131.1
128.4
131.4
85.8
80.7
277.7
177.4
151.9
100.6
86.7
145.4
135.8
155.9
129.4
123.4
131.5
89.3
73.7
267.7
'180.3
'157.1
'100.4
'87.0
'145.5
'142.8
155.3
'136.3
'124.6
'132.1
92.8
74.0
266.4
187.8
161.9
101.0
84.7
146.1
148.3
164.5
143.5
129.7
132.8
96.9
66.6
268.7
177.4
169.4
108.6
86.6
144.0
159.5
162.5
136.5
128.1
132.6
94.0
63.1
270.0
177.4
177.9
108.6
98.0
146.1
158.3
152.4
128.9
124.6
132.4
95.8
55.3
266.9
171.4
179.6
109.6
104.4
146.3
154.1
140.1
122.7
119.8
133.1
88.7
52.3
261.5
.873
.163
90.237
4.022
.609
.259
.539
.732
3.870
.758
60.008
.463
.141
.827
.168
89.510
3.756
.601
.271
.529
.758
4.040
.696
59.113
.434
.124
.825
.177
91.185
3.870
.640
.271
.534
.787
4.000
.768
59.406
.456
.134
.873
.175
91.241
4.032
.665
.269
.520
.782
4.000
.800
59.821
.465
.139
.911
.168
91.065
4.352
.673
.266
.538
.782
4.000
.764
60.181
.465
.133
1.017
.156
88.589
4.503
.635
.258
.578
.744
4.000
.765
60.729
.459
.144
.986
.153
86.022
4.409
.663
.252
.563
.700
4.000
.730
60.914
.466
.164
.895
.168
87.280
4.344
.673
.249
.539
.696
3.840
.764
60.729
.467
.155
.841
.179
89.930
3.952
.573
.245
.508
.690
3.750
.815
60.729
.490
.153
.793
.150
92.262
3.802
.520
.245
.525
.675
3.625
.795
60.423
.494
.160
.834
.146
96.118
3.803
.530
.245
.552
.660
3.520
.812
59.880
.494
.149
.906
.150
97.361
3.901
.524
.245
.577
.650
3.400
.801
59.642
.489
.147
.888
.159
109.091
3.835
.535
.245
.580
.640
3.312
.800
59.524
.475
.146
.811
.162
109.347
3.779
.496
.245
.569
.652
3.160
.816
59.642
.453
.152
.717
.149
105.380
3.738
.504
.245
.540
.650
3.000
.814
59.761
.437
.158
123.2
122.5
122.8
123.2
123.5
123.5
123.6
123.9
124.0
123.8
123.8
124.0
124.5
125.0
125.7
.1
1.7
2
2.6
.2
26
.3
23
.2
2.3
0
2.0
.1
1.0
.2
.5
.1
.8
—.2
1.5
0
1.8
2
2.8
.4
.4
.6
134.2
133.6
134.0
134.5
134.2
134.4
134.4
134.6
134.5
134.8
'135.0
135.4
135.8
136.0
136.5
123"5
1243
119.61
.21
.27
.2
1.9
3
2.7
3
2^0
.4
1.8
—.2
1.5
.1
.7
0
4
121.7
120.9
121.1
121.6
122.1
122.1
122.1
.1
1 8
129!i
,2
2.1
.1
2.1
'.3
3.0
.3
122.3
122.3
122.5
123.0
.4
.2
28
.2
32
.4
25
.4
27
0
2.5
0
1.2
.3
.3
.1
,7
_2
1.5
0
1.6
2
2£
,4
4
.6
129.1
129.2
129.1
129.2
129.5
129.5
129.3
129.5
'129.7
130.0
130.6
130.8
131.0
.1
1.5
.3
22
.2
1.4
.1
1.7
-.1
1.1
.1
.3
.2
c
0
'.9
114.7
113.9
114.1
114.5
115.3
115.3
115.3
115.5
.1
1.5
.1
2.8
.2
3.7
.4
2.7
.7
28
0
0
.7
100.4
97.1
-1.7
98.1
100.1
101.5
1.0
9.0
2.0
4.3
12.5
.3
3.4
-.1
1.5
122.6
128£
6.4
1.4
1 9
101.6
.1
9.6
.2
1.7
'.2
2.0
'.2
26
.5
2
.2
1 2
115.2
114.9
'114.9
115.3
115.9
116.3
116.5
—.2
—.3
0
—.3
1.0
'0
1.4
3
2.3
.5
3
.2
100.9
'-.7
103.0
102.7
102.6
101.9
101.4
101.8
103.0
-.7
5.1
2.1
'0
-.3
.6
-.1
1.0
'101.5
'-1.1
-2.3
'.4
.6
-.5
.4
1.2
144.0
.2
120.6
'120.2
'120.9
'121.9
'123.0
2.6
2.7
2.3
'3.4
'3.8
140.3
139.3
139.5
139.7
140.2
140.5
140.9
141.3
141.8
142.0
141.9
142.6
143.1
143.6
.2
3.1
.4
3.1
.3
3.1
.1
3.0
.2
2.6
.3
2.9
.2
3.0
.1
2.9
.4
3.3
.2
3.6
.1
3.6
.5
3.6
.3
.1
.4
147.3
146.3
146.7
147.1
147.3
147.8
148.1
148.2
148.9
149.3
149.6
150.3
151.0
151.2
151.8
.3
3.5
.3
3.6
.3
3.5
.3
3.2
.1
2.6
.3
3.0
.2
3.0
.1
3.1
.5
3.4
.3
4.0
.2
4.1
.5
3.9
.5
.1
.4
152.0
150.6
151.1
151.4
151.8
152.2.
152.6
152.9
153.7
154.2
154.7
155.3
1553
156.2
156.9
3.8
3.8
4.9
4.2
4.1
4.2
2.4
3.9
3.2
3.7
3.2
3.5
3.2
3.3
2.4
3.1
6.5
3.4
4.0
3.7
4.0
3.9
4.8
4.1
3.9
4.2
3.1
4.2
5.5
4.3
NOTE—The following current high value was reached before March 1992: December 1991—BCI-77 (1.66).
See page C-6 for other footnotes.
.1
'1.2
122.5
C-4
Series
no.
•
May 2993
SURVEY OF CURRENT BUSINESS
Year
1992
1993
Series title and timing classification
1992
Mar.
Apr. |
May
June
|
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
8. PROFITS AND CASH FLOW
Profits and profit margins:
Corporate profits after tax, bil.S, AR (L.L.L)
Corporate profits after tax, bil. 1987$, AR (L,L,L)
Ratio, corporate domestic profits after tax to corporate
domestic income, percent (L,L,L).
Ratio, corporate domestic profits after tax with IVA and
CCAdj to corporate domestic income, percent (U,L,L).
Ratio, implicit price deflator to unit labor cost, all
persons, nonfarm business sector, 1982=100(L,L,L).
Corporate net cash flow, bil. 1987$, AR (L.L.L)
231.4
197.9
232.7
199.3
6.3
6.1
6.7
6.9
103.7
103.7
241.0
205.2
5.8
6.4
6.5
7.8
103.4
463.5
466.5
222.2
189.2
'253.8
'216.7
'6.3
'7.4
'104.0
-104.3
466.2 ....
477.0
'492.9
9. WAGES, LABOR COSTS, AND PRODUCTIVITY
345
346
53*
63
62 •
370
•
358
Wages and compensation:
Index of average hourly compensation, all employees,
nonfarm business sector, 1982=100.
Percent change from previous quarter, AR
Index of real average hourly compensation, all
employees, nonfarm business sector, 1982=100.
Percent change from previous quarter, AR
Wages and salaries in mining, mfg., and construction,
bil. 1987$, AR(C,C,C).
Unit labor costs:
Index of unit labor cost, all persons, business sector,
1982=100 (Lg,Lg,Lg).
Index of labor cost per unit of output, mfg., 1987=100 § .
Percent change from previous month. AR§
Percent change from previous month, AR, smoothed
(Lg!g,Lg)T§.
Productivity:
Index of output per hour, all persons, business sector,
1982=100.
Percent change over 1-quarter span, AR
Percent change over 4-quarter span, AR
Index of output per hour, all persons, nonfarm business
sector, 1982=100.
150.4
149.4
150.9
152.5
'153.8
3.7
103.4
2.5
103.0
4.2
103.4
'4.3
'103.7
'34
'103.6
.7
593.5
595I
595*2
-.6
597.5
'109.3
'-6.4
'-2.7
'109.3
r
0
'-3.2
' 109.2
r
-1.1
'-3.2
5940
592A
1.5
591.6
'109.6
'4.5
'-2.1
'109.2
'-4.3
'-1.8
'109.3
'1.1
'-1.2
134.1
134.3
109.4
-1.7
-1.5
588'5
592.8
'1.1
589.4
'109.5
'2.2
'-.4
'109.4
'-1.1
-.1
'108.1
'-13.4
'-1.6
595.9
588.9
'109.5
'16.7
'108.0
'-15.3
'-1.2
'1346
134.5
'-4
'591.5
'589.0
'108.0
'-1.1
'-1.7
'108.0
'0
'-1.6
'135.8
'•-.I
'108.1
'1.1
'-1.6
113.3
1126
113.5
'114.7
2.9
1.0
'3.1
111.1
3.3
'2.2
111.8
'4 3
' 1
'113.0
'113.0
iii.6
'589.7
'1147
10. PERSONAL INCOME AND CONSUMER ATTITUDES
52
51 •
58
83*
122
123 •
Personal income:
Personal income bil 1987$ AR(CCC)
Personal income less transfer payments, bil. 1987$, AR
(C.C.C).
Indexes of consumer attitudes:
Consumer sentiment, U. of Michigan, 1966:1=100, NSA
Consumer expectations, U. of Michigan, 1966:1=100,
NSAfLLL)©1.
Consumer confidence, The Conference Board, 1985=100
(L.L.L) .
Consumer expectations, The Conference Board,
1985=100 (L,L,L)\
4,078.4
3,380.7
4,076.5
3,377.3
77.2
79.2
80.4
70.5
71.2
70.7
4,076.2
3,386.0
4,070.9
3,377.6
77.3
76.0
70.3
70.3
4,091.9
3,391.2
4,094.3
3.387.5
4,090.9
3,382.4
76.6
76.1
67.6
69.5
4,078.1
3,375.8
'4,175.4 '4,159.7
'3,450.1 '3,434.7
4,155.2
3,441.5
'4,161.8
'3,439.3
'4,153.1
'3.432.3
85.3
91.0
89.3
86.6
85.9
85.6
78.2
89.5
83.4
80.6
75.8
76.4
68.5
63.2
67.6
84.7
77.3
81.1
4,125.9
3.412.8
4,118.3
3,411.6
75.6
73.3
67.4
67.5
61.6
56.5
65.1
71.9
72.6
61.2
59.0
57.3
54.6
65.6
78.1
76.7
82.0
76.7
89.7
96.9
95.9
80.1
78.3
74.2
70.7
85.7
103.9
98.0
11. SAVING
Gross saving, bil.S. AR
Business saving, bil.S, AR
Personal saving, bil.$, AR
Government surplus or deficit. bil.$, AR .
Personal saving rate, percent
682.9
735.9
232.3
-285.2
5.3
686.3
757.7
212.6
-282.5
'736.5
'786.0
'219.0
'-262.5
687.9
770.6
200.4
-277.2
4.4
696.9
788.9
203.3
-295.2
4.6
12. MONEY, CREDIT, INTEREST RATES, AND STOCK PRICES
Money:
Percent change in money supply M1 (L.L.L)*
Percent change in money supply M2 (L,C,U)
Money supply M1, bil. 1982$ (L,L,L)
Money supply M2, bil. 1982$ (L,L,L)
Velocity of money:
Ratio, gross domestic product to money suppy M1
Ratio, personal income to money supply M2 (C,Lg,C) ....
Bank reserves:
Free reserves, mil.$, NSA (L,U,U) +
Member bank borrowings from the Federal Reserve,
mil.$, NSA (L.Lg.U).
Credit flows:
Net change in business loans, bil.$, AR (L.L.L)
Net change in consumer installment credit, bil.S, AR
(L.L.L)§.
Percent change in business and consumer credit
outstanding, AR (L,L,L).
Funds raised by private nonfinancial borrowers in credit
markets, mil.$, AR (L.L.L).
Credit difficulties:
Current liabilities of business failures, mil.$, NSA
(L.L,L)v.
Percent of consumer installment loans delinquent 30
days and over (L.L.L) © 2 O 1
1.11
.12
664.2
2,387.3
1.12
.04
661.2
2,377.2
1.451
1.455
1.458
1.456
1.460
1,049
90
845
155
684
229
681
284
684
251
707
287
-17.65
-32.38
-34.54
'-13.49
-34.39
'3.05
8.95
'-4.44
-4.08
'6.32
-8.56
'24.00
-3.8
-7.0
.65
-.09
650.0
2.392.8
1.456
1.445
1.448
854
172
939
91
-.11
7.58
-12.97
'2.51
-7.2
r
'.65
-.29
'697.7
'2.354.5
1.470
1485
1.498
'1.505
1.515
'1.515
931
143
939
104
1,032
124
1,096
165
1,059
45
'1,122
91
'1,023
'73
71.08
'14.06
58.43
'21.94
'-1.19
'60.84
'-73.32
'37.24
'30.19
'54.83
'-78.71
'41.28
'14.21
1.31
.19
692.3
2,376.4
3.0
2.86
2.67
2.77
'2.2
'302,292
313.172
2.60
2.55
2.60
'-.02
-.34
'695.2
2,338.6
'5.946
5.979
-3.6
'.22
'.75
'-.07
'.02
'698.3
'695.8
'2,333.8 '2,324.8
.74
-.03
696.5
2,372.5
1.60
.32
685.2
2,378.3
6,322.2 '7,881.2 '12,020.3 '13.932.0 '3,574.6 '9,031.7 '3,215.7 '7,863.4 '3,982.9 '8,136.8
NOTE.—The following current high values were reached before March 1992: June 1991— BCI-106 (2,424.6); July
1991—BCI-93 (345); August 1991—BCI-94 (764); October 1991—BCI-53 (608.4); December 1991—BCI-62 index
(111.7) and BCI-62 smoothed (1.1); February 1992—BCI-85 (1.61) and BCI-102 (0.48); and 1st Q 1992—BCI-110
1.50
.22
677.2
2,380.4
6.124
286,380
307,589
2.43
656.7
2,391.4
6.221.
6.161
92,174.6
1.27
.25
668.2
2,378.4
.04
-.16
655.6
2,382.7
.96
0
647.6
2,401.5
2.46
(328.512).
See page C-6 for other footnotes.
2.51
2.53
2.43
'6,174.9 '2,406.7 '4,343.0
Series
no.
Year
C-5
May 1993
SURVEY OF CURRENT BUSINESS
1992
1993
Series title and timing classification
1992
Mar.
Apr.
|
May
June
July
| Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
12. MONEY, CREDIT, INTEREST RATES, AND STOCK PRICES-Continued
66
72
101 •
95 •
119*
114 •
116 •
115 •
117
118
109 •
19*
Outstanding debt:
Consumer installment credit outstanding, mil.$
(Lg,Lg,Lg)O§.
Commercial and industrial loans outstanding, mil.$,
l\ n I n I n\
Commercial and industrial loans outstanding, mil. 1982$
(\ n 1 n 1 n\
(Lg.Lg.Lg).
Ratio, consumer installment credit outstanding to
personal income, percent (Lg.Lg.Lg) §.
Interest rates (percent, NSA):
Federal funds rate (L,Lg,Lg)*
Discount rate on new 91-day Treasury bills (C,Lg,Lg)* ...
Yield on new high-grade corporate bonds (Lg,Lg,Lg)*
Yield on long-term Treasury bonds (C.Lg.Lg)*
Yield on municipal bonds, 20-bond average (U,Lg,Lg)* ...
Secondary market yields on FHA mortgages (Lg,Lg,Lg) .
Average prime rate charged by banks (Lg.Lg.Lg)*
Index of stock prices, 500 common stocks, 1941-43=10,
NSA (L,l,L)*.
741,093 " 734,434 "731,736
'730,612
" 730,866
r
r
"736,023
"741,093
"744,196
423,955
426,361
424,890
422,012
419,146
419,892
419,552
418,839
424,762
429,631
"429,532
"423,422
"425,938
"419,379 '420,563
361,793
367,236
365,340
360,078
355,208
356,142
356,459
354,948
359,663
364,712
"365,248
"358,832
"360,354
"353.310 '352,821
14.66
" 14.59
" 14.52
M4.51
" 14.47
14.43
"14.27
"14.31
"14.27
"14.25
"14.32
'14.30
3.52
3.46
8.33
7.52
6.44
8.46
6.25
3.98
4.05
8.62
7.93
6.76
8.85
6.50
3.73
3.81
8.59
7.88
6.67
8.79
6.50
3.82
3.66
8.57
7.80
6.57
8.66
6.50
3.76
3.70
8.45
7.72
6.49
8.56
6.50
3.25
3.28
8.19
7.40
6.13
8.12
6.02
3.30
3.14
7.96
7.19
6.16
8.08
6.00
3.22
2.97
7.99
7.08
6.25
8.06
6.00
3.10
2.84
8.17
7.26
6.41
8.29
6.00
3.09
3.14
8.25
7.43
6.36
8.54
6.00
2.92
3.25
8.12
7.30
6.22
8.12
6.00
3.02
3.06
7.91
7.17
6.16
8.04
6.00
3.03
2.95
7.73
6.89
5.87
7.55
6.00
3.07
2.97
7.39
6.65
5.64
7.57
6.00
2.96
2.89
7.48
6.64
5.76
7.56
6.00
415.74
407.36
407.41
414.81
408.27
415.05
417.93
418.48
412.50
422.84
435.64
435.23
441.70
450.16
443.08
12 502
6,730
"88.9
11837
8,101
"87.7
10 474
5,854
"87.2
10 792
7.167
"86.5
12 812
5.630
"85.1
9 767
6,462
"84.5
10 630
5,170
"84.4
7,439
"83.5
6,759
"83.2
7,955
"82.5
11,358
8.798
"82.0
9,579
6,360
"81.4
'11,628
"6.923
"80.9
'7.121
'80.5
1,098
1,084
1,076
311.7
1,065
1,054
1.046
319.6
1,038
1,028
1,022
318.2
1,013
1,002
996
'986
"37,796
3,399
8,026
"45,633
3,923
6,163
113,992
139 954
-25,962
"39,178
3,518
8,438
"46,143
4,204
6,441
"37,504
3,358
7,817
"45,176
4,059
6,147
"36,928
3.484
8,090
"44,832
4,146
6,833
'111,627
'140 695
'-29,068
"108.9
105
113.1
107
105
101
100.7
"109.3
105
113.0
107
105
"109.9
'107
'114.6
106
'108
'102
'106.8
14.51
r
730,496 "731,023
r
733,023 '"734,195
r
14.46
"748,765 '752,205
13. NATIONAL DEFENSE
525
548
557
570
564*
Defense Department prime contract awards mil.$
Manufacturers' new orders, defense products, mil.$
Index of industrial production, defense and space
equipment, 1987=100 §.
Employment, defense products industries, thous
Federal Government purchases, national defense, bil.$, AR
81,468
85.9
1,062
315.8
"304.3
14. EXPORTS AND IMPORTS
602
604
606
612
448,024
42,228
94,304
532,665
50,222
72,820
"37,172
"3,139
7,456
"42,724
3,615
6,131
"36,382
3,609
7,611
614
616
618«
620«
622
Exports, excluding military aid shipments, mil.$ §
Exports of domestic agricultural products, mil.$
Exports of nonelectrical machinery, mil.$
General imports. mil.$§
Imports of petroleum and petroleum products, mil.$
Imports of automobiles and parts, mil.$
Merchandise exports, adjusted, excluding military, mil.S'
Merchandise imports, adjusted, excluding military, mil.$'
Balance on merchandise trade, mil.S' §
47*
721 •
728*
725*
726*
722*
727*
723*
Industrial production indexes (1987=100):
United States §
OECD, European countries2
Japan
Federal Republic of Germany
France
United Kingdom
Italy
Canada
106.6
109
117.4
115
110
100
107.5
97.2
"105.6
111
117.7
118
110
99
111.9
"96.4
"106.3
Consumer price indexes (1982-84=100):
United States, NSA
Percent change owr 6-month span, AR
Japan, NSA
Percent change over 6-month span, AR
Federal Republic of Germany, NSA
Percent change over 6-month span, AR
France, NSA
Percent change over 6-month span, AR
United Kingdom, NSA
Percent change over 6-month span, AR
Italy, NSA
Percent change over 6-month span, AR
Canada, NSA
Percent change over 6-month span, AR
140.3
3.1
117.0
1.2
120.7
4.0
141.0
2.1
162.7
2.5
178.8
4.7
145.2
2.0
139.3
3.1
116.3
1.!
119.7
3.9
140.2
2.6
160.6
3.7
176.6
5.7
144.6
1.1
139.5
3.1
117.5
"43,389
4,334
6,025
"35,973
3,163
7,571
"43,645
4,181
6.030
"38,039
3,660
8,068
"37,430
3.629
7.842
"44,889
4,833
5,889
"44,938
5,078
5,726
"108,306
440,138
536,276
-96,138
"36,369
3.472
7,737
"45,054
4,280
6,012
"37,661
3,801
8,317
"45,968
4,430
6,500
3,978
7,963
"46,119
4,362
5,848
"106.2
109
119.7
115
110
100
104.3
98.0
"107.5
109
116.6
113
111
"101
106.5
98.3
"108.4
141.3
141.8
3.3
117.6
1.0
121.7
5.0
141.9
1.6
164.4
0
142.0
3.6
117.4
"109,493
"137,105
r
-27,612
"133,107
"-24,801
38,996
3.223
8.402
49,203
4.675
7.265
15. INTERNATIONAL COMPARISONS
320
738
735
•
736
•
732
•
737
733
19*
748*
745*
746*
742*
747*
743*
Stock price indexes (1967=100, NSA):
United States*
Japan*
Federal Republic of Germany*
France*
United Kingdom*
Italy*
Canada*
452.2
1,235.4
306.7
900.6
1,192.1
288.6
384.5
443.1
1,333.0
331.6
920.4
1,178.2
110
117.6
118
112
100
105.6
96.8
1.7
120.0
4.1
140.5
2.6
163.1
3.4
177.3
5.0
144.6
1.5
443.2
1,176.0
334.9
951.3
1,207.1
311.0
"106.7
110
115.6
117
110
99
110.4
96.4
"106.0
110
118.1
116
110
99
108.3
96.5
139.7
3.0
117.6
1.9
120.5
3.6
140.9
2.0
163.7
2.9
178.3
5.4
144.9
2.4
140.2
2.6
117.5
1.2
120.7
3.0
141.0
1.6
163.7
2.7
178.9
5.1
145.2
2.1
451.2
1,242.8
337.7
444.1
1,176.0
335.8
938.8
969.4
"106.8
110
119.0
116
110
100
108.9
95.9
"106.6
140.5
140.9
3.0
116.9
.7
120.9
2.9
116.6
-.2
120.7
3.5
141.4
1.7
163.1
2.5
179.1
4.6
145.6
1.5
451.5
1,132.7
97.9
2.9
117.5
.7
121.2
3.9
141.5
1.3
163.8
1.7
179.8
4.1
145.5
3.2
4.0
141.5
1.3
163.2
1.7
179.2
4.0
145.6
2.9
107
114.3
110
106
101
107.3
"98.9
180.9
1.0
122.3
5.0
141.9
2.0
164.1
1.1
182.0
3.8
145.7
2.5
3.6
146.4
2.2
460.0
1,151.6
269.8
861.7
455.2
1,242.8
285.2
1,131.8
240.1
372.6
448.7
1,177.8
266.3
845.5
1,187.2
260.5
377.0
"99.3
141.9
3.6
117.4
1.4
122.4
5.3
141.8
3.1
163.6
1.1
182.3
3.5
146.4
1.5
473.9
100
106.2
"99.5
"109.9
'110.0
'105
'100.2
142.6
3.6
117.3
143.1
117"4
117.7
123.8
124.3
124.7
142.3
2.7
142^8
143.5
162.0
1
182.9
3.8
147.0
2.2
163.1
"'163.7
165.2
183^6
'"184.0
""1847
147.3
'147.3
473.4
1,157.0
480.5
1,171.5
291.9
907.8
1,324.5
"333.1
489.7
482.0
'1,369.1
'294.4
'938.8
'1,327.4
'343.1
428.2
143.6
1,178.8
298.0
382.8
895.3
1,147.5
267.0
389.1
454.6
1,093.9
292.2
858.0
1,094.5
260.1
384.5
370.8
1,197.7
269.1
866.9
1,281.8
276.3
378.6
390.0
"1,351.0
'337.0
407.1
80.97
81.98
85.03
90.04
90.50
92.36
93.82
93.65
90.62
126.23
122.60
1.4514
4.9378
.5416
1,176.21
1.2225
121.17
1.4851
5.0370
.6050
1,309.64
1.2453
123.88
1.5875
5.3706
.6550
1,364.45
1.2674
124.04
1.5822
5.3974
.6447
1,412.38
1.2725
124.99
1.6144
5.4751
.6525
1,491.07
1.2779
120.76
1.6414
5.5594
.6947
1,550.43
1.2602
117.02
1.6466
5.5944
.6841
1.591.35'
1.2471
112.41
1.5964
5.3984
.6474
1,536.14
1.2621
316.2
379.2
1,284.2
302.2
382.8
86.61
90.44
89.84
88.30
85.91
82.57
126.78
1.5618
5.2935
.5699
1,232.17
1.2085
132.86
1.6616
5.6400
.5801
1,248.28
1.1928
133.54
1.6493
5.5773
.5693
1,241.55
1.1874
130.77
1.6225
5.4548
.5526
1,220.95
1.1991
126.84
1.5726
5.2940
.5391
1,189.52
1.1960
125.88
1.4914
5.0321
.5215
1,129.83
1.1924
312.1
385.6
109
114.4
115
110
100
103.7
900.4
1,240.2
287.9
277.9
868.7
1,302.2
"308.7
373.5
1,233.8
'299.2
'950.7
758*
755*
756 •
752*
757*
753*
Exchange rates:
Exchange value of U.S. dollar, index: March 1973=100,
NSA**.
Foreign currency per U.S. dollar (NSA):
Japan (yen)* ...
Federal Republic of Germany (d. mark)*
France (franc)*
United Kingdom (pound)*
Italy (lira)'
Canada (dollar)*
990 •
991 •
CIBCR long-leading composite index, 1967=1004 ...
CIBCR short-leading composite index, 1967=1004 ...
247.7
216.0
"244.1
213.6
"244.4
214.0
"246.3
215.0
"246.6
216.4
"248.9
217.1
"249.9
216.2
"250.4
217.8
"251.3
216.7
"253.7
219.3
"252.6
223.1
"253.1
223.2
"253.6
225.2
"254.8
224.7
'255.1
'225.0
992*
993*
BEA coincident composite indexes:
Modified methodology. 1982=1005
Stock and Watson methodology, Aug. 1982=1005
125.5
131.2
124.9
130.1
125.0
130.7
125.2
131.3
125.2
131.2
125.6
132.0
125.5
131.2
125.6
131.1
126.1
131.8
126.4
"132.6
127.2
"133.6
127.3
"133.9
"127.5
"134.5
127.8
"134.6
'127.7
'134.7
750 •
1.4475
4.9119
.5146
1,100.00
1.1907
16. ALTERNATIVE COMPOSITE INDEXES
See footnotes on page C-6.
C-6 • May 1993
SURVEY OF CURRENT BUSINESS
FOOTNOTES FOR PAGES O l THROUGH C~5
a
AR
c
©
e
Anticipated.
Annual rate.
Corrected.
Copyrighted.
Estimated.
Later data listed in notes.
NSA
P
r
§
0
Not seasonally adjusted.
Preliminary.
Revised.
Graph included for this series
Major revision-see notes.
End of period.
L,C,Lg,U Cyclical indicator series are classified as L (leading), C (coincident), Lg (lagging), or U (unclassified) at reference cycle peaks, troughs, and overall. Series classifications
are shown in parentheses following the series titles.
J Cyclical indicator series denoted by $ are inverted (i.e., the sign is reversed) for cyclical analysis calculations, including classifications, contributions to composite indexes,
and current high values.
t Cyclical indicator series denoted by f are smoothed by an autoregressive-moving-average filter developed by Statistics Canada.
For information on composite indexes and other concepts used in this section, see "Composite Indexes of Leading, Coincident, and Lagging Indicators" in the November 1987
SURVEY OF CURRENT BUSINESS and "Business Cycle Indicators: Revised Composite Indexes" in the January 1989 SURVEY.
References to series in this section use the prefix "BCI-" followed by the series number. Unless otherwise noted, series are seasonally adjusted.
Percent change data are centered within the spans: 1-month changes are placed in the ending month, 3-month changes are placed in the 3d month, 6-month changes are
placed in the 4th month, 1-quarter changes are placed in the ending quarter, and 4-quarter changes are placed in the 3d quarter.
Diffusion indexes are defined as the percent of components rising plus one-half of the percent of components unchanged. Diffusion index data are centered within the spans:
1-month indexes are placed in the ending month and 6-month indexes are placed in the 4th month.
High values reached by cyclical indicators since the last reference cycle trough (March 1991) are shown in boldface type; high values reached prior to the period shown in the
table are listed at the bottom of each page. For inverted series, low values are indicated as highs.
Sources for series in this section are shown on pages C-27 and C-28 in the April 1993 SURVEY.
Page C-1
NOTE—Major data revisions:
Index of new private housing units authorized by local building permits (BCI-29)—see note for page
C-3.
Index of industrial production (BCI-47)—see note for page C-2.
Change in labor cost per unit of output (BCI-62)—see note for page C-4.
Ratio, consumer installment credit outstanding to personal income (BCI-95)—see note for page C-4.
* Preliminary May 1993 values: BCI-32 = 51.7, BCI-19 = 445.25, and BCI-109 = 6.00.
1. Data include initial claims made under the July 1992 Emergency Unemployment Compensation
amendments. Data exclude Puerto Rico, which is included in figures published by the source agency.
2. Copyrighted. This series may not be reproduced without written permission from the University
of Michigan, Survey Research Center, P.O. Box 1248, Ann Arbor, Ml 48106-1248.
3. Excludes BCI-57, for which data are not available.
4. Excludes BCI-77 and BCI-95, for which data are not available.
Page C-2
NOTE.—Major data revisions:
The insured unemployment rate (BCI-45) has been revised from 1987 forward to incorporate
corrections made by the source. For further information, contact the U.S. Department of Labor, Employment and Training Administration, Unemploment Insurance Services, Division of Actuarial Services,
Washington, DC 20210.
Industrial production and capacity utilization indexes (BCI-47, -73, -74, -75, -76, -82, -124, and -557)
have been revised from 1986 forward to reflect the conversion of all indexes to the 1987 Standard Industrial Classification and the incorporation of more comprehensive source data. For further information,
contact the Board of Governors of the Federal Reserve System, Division of Research and Statistics,
Industrial Output Section, Washington, DC 20551.
* Preliminary May 1993 value: BCI-32 = 51.7; anticipated 2d quarter 1993 values: BCI-61 = 578.15
and BCI-100 = 549.79.
1. Data include initial claims made under the July 1992 Emergency Unemployment Compensation
amendments. Data exclude Puerto Rico, which is included in figures published by the source agency.
2. Data exclude Puerto Rico, which is included in figures published by the source agency.
3. Copyrighted. This series may not be reproduced without written permission from McGraw-Hill
^formation Systems Company, F.W. Dodge Division, Paramount Plaza, 13th Floor, 1633 Broadway,
New York, NY 10019.
Page C-3
NOTE—Major data revisions:
Index of industrial production, business equipment (BCI-76)—see note for page C-2.
Index of new private housing units authorized by local building permits (BCI-29) has been revised
from 1991 forward to reflect annual updating of basic data and computation of new seasonal adjustment
factors. For further information, contact the U.S. Department of Commerce, Bureau of the Census,
Construction Statistics Division, Washington, DC 20233.
The fixed-weighted price index for gross domestic business product (BCI-311) has been revised
from 1982 forward to incorporate corrections made by the source. For further information, contact the
U.S. Department of Commerce, Bureau of Economic Analysis, National Income and Wealth Division,
Washington, DC 20230.
* Preliminary May 1993 value: BCI-23 = 257.9.
1. Copyrighted. This series may not be reproduced without written permission from Knight-Ridder
Financial Publishing, 30 South Wacker Drive, Suite 1820, Chicago, IL 60606-5271.
Page C-4
NOTE.—Major data revisions:
Change in labor cost per unit of output (BCI-62) has been revised from 1986 forward to incorporate revisions in its industrial production component—see note for page C-2. For further information,
contact the U.S. Department of Commerce, Bureau of Economic Analysis, Business Outlook Division,
Washington, DC 20230.
Series based on consumer installment credit (BCI-66, -95, and -113) have been revised from 1989
forward to incorporate benchmarks for most holders of credit and recalculation of seasonal factors. For
further information, contact the Board of Governors of the Federal Reserve System, Division of Research
and Statistics, Mortgage and Consumer Finance Section, Washington, DC 20551 (BCI-66) and the U.S.
Department of Commerce, Bureau of Economic Analysis, Business Outlook Division, Washington, DC
20230 (BCI-95 and BCI-113).
* Preliminary May 1993 values: BCI-122 = 61.5, BCI-123 = 72.2, and BCI-85 = 2.01.
1. Copyrighted. This series may not be reproduced without written permission from the University
of Michigan, Survey Research Center, P.O. Box 1248, Ann Arbor, Ml 48106-1248.
2. Copyrighted. This series may not be reproduced without written permission from the American
Bankers Association, 1120 Connecticut Avenue, NW, Washington, DC 20036.
Page C-5
NOTE—Major data revisions:
Series based on consumer installment credit (BCI-66 and BCI-95)—see note for page C-4.
Industrial production indexes (BCI-47 and BCI-557)—see note for page C-2.
Exports excluding military aid shipments (BCI-602) and general imports (3CI-612) have been revised
from 1991 forward to reflect the updating of basic statistics and computation of new seasonal adjustment
factors. For further information, contact the U.S. Department of Commerce, Bureau of the Census,
Foreign Trade Division, Washington, DC 20233.
U.S. international transactions series on merchandise trade (BCI-618, -620, and -622) have been
revised from 1991 forward to reflect the inclusion of errata, retabulation of data to account for timing,
revision of some balance of payments adjustments, and computation of new seasonal adjustment factors. For further information, contact the U.S. Department of Commerce, Bureau of Economic Analysis,
Balance of Payments Division, Washington, DC 20230.
* Preliminary May 1993 values: BCI-119 = 2.96, BCI-114 = 2.92, BCI-116 = 7.57, BCI-115 = 6.65,
BCI-117 = 5.72, BCI-109 = 6.00, BCI-19 (1941-43=10) = 445.25, BCI-19 (1967=100) = 484.3, BCI-748
= 1,412.4, BCI-745 = 287.7, BCI-746 = 899.0, BCI-742 = 1,324.0, BCI-747 = 363.3, BCI-743 = 446.3,
BCI-750 = 90.21, BCI-758 = 110.89, BCI-755 = 1.6029, BCI-756 = 5.4043. BCI-752 = 0.6461, BCI-757
= 1,474.35, and BCI-753 = 1.2716.
1. Balance of payments basis: Excludes transfers under military grants and Department of Defense
sales contracts (exports) and Department of Defense purchases (imports).
2. Organisation for Economic Co-operation and Development.
3. This index is the weighted-average exchange value of the U.S. dollar against the currencies of
the other G-10 countries plus Switzerland. Each country is weighted by its 1972-76 global trade. For a
description of this index, see the August 1978 Federal Reserve Bulletin (p. 700).
4. This index is compiled by the Center for International Business Cycle Research (CIBCR), Graduate
School of Business, Columbia University. New York, NY 10027.
5. For an explanation of this index, see "The Composite Index of Coincident Indicators and Alternative
Coincident Indexes" in the June 1992 SURVEY.
SURVEY OF CURRENT BUSINESS
May 1993 •
CYCLICAL INDICATORS
Composite Indexes
Aug. Apr.
P T
Apr. Feb.
P T
Dec. Nov.
P T
Nov. Mar.
P
T
Jan. July July Nov.
PT
P
T
July Mar.
P T
irdex of 11 leading
,19,2419,3;
1956 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 921993
NOTE-The numbers and arrows indicate length of leads (-) and lags (+) in months from business
cycle turning dates. Current data for these series are shown on page C-1.
C-7
C-8
• May 1993
SURVEY OF CURRENT BUSINESS
CYCLICAL INDICATORS
Composite Indexes: Rates of Change
Aug. Apr.
P T
Apr. Feb.
P T
Dec. Nov.
P T
Jan. July July Nov.
PT
P
T
:. Composite index tf 11 le ading
July Mar.
P T
Percent change over 3-month span, annual rate
ng indicate
4
Composite Indexes: Diffusion
Percent of components rising over 6-month span
1956 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 921993
NOTE.—Current data for these series are shown on page C-1.
SURVEY OF CURRENT BUSINESS
May 1993 • C-9
CYCLICAL INDICATORS
Composite Indexes: Leading Index Components
Aug. Apr.
P T
Apr. Feb.
P T
Dec. Nov.
P T
Nov. Mar.
P
T
Jan. July July Nov.
PT
P
T
July Mar.
P T
1. Average jweeklyjhours^projbuctio qrnonsupeiVisory Workajs, manjufactu^ing (hours)
42
41
40
39
38
5. Average weekly initial claims ^runerhploynient insurance, Stale proj^fflns (thousands—inverted sc^fle)
W
l t
,1.1 new orders i
ft. Manufacturers
consumer goods and m
32. Vendorjperforniancej-alower deliveries (fiffusioji Index (percent)
)H
tor plant and equipment in 1982 dollars|
1956 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 921993
NOTE.—Current data for these series are shown on page C-1.
<
C-10
SURVEY OF CURRENT BUSINESS
* May 1993
CYCLICAL INDICATORS
Composite Indexes: Leading Index Components—Continued
Aug. Apr.
P T
Jan. July July Nov
PT
P
T
Dec. Nov.
P T
Apr. Feb.
P T
hojsinglNsa
manu acturers
in 1982 dollars durable goods wdu stries,
Change in sen
LLL
19. Stock prices, 5O0eornrhon stocks (index
Noney supply
xpectatioi s, U
(index: 966:1=100)
11111111111! 11111111111111il 111
I III II Mill IIIIIIIII I
1956 57585960 6162 636465666768 69 70 717273 74 75 76 77787980 81828384858687888990 91921993
1. This series is smoothed by an autoregressive-moving-average filter developed by Statistics Canada.
2. This is a copyrighted series used by permission; it may not be reproduced without written permission
from the University of Michigan, Survey Research Center.
NOTE.—Current data for these series are shown on page C-1.
SURVEY OF CURRENT BUSINESS
May 1993 •
CYCLICAL INDICATORS
Composite Indexes: Coincident Index Components
Aug. Apr.
P T
Apr. Feb.
P T
Employees c n nonijpricul ural
1956 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 921993
NOTE—Current data for these series are shown on page C-1.
C-ll
C-12
•
May 1993
SURVEY OF CURRENT BUSINESS
CYCLICAL INDICATORS
Composite Indexes: Lagging Index Components
Aug. Apr.
P T
Dec. Nov.
P T
Apr. Feb.
P T
Nov. Mar.
P
T
Jan. July July Nov.
PT
P
T
July Mar.
P T
Average duration of unem iloyrmnt (wesks—invertei
ir ventohes to i ales (pao)
permit of output
\verade primi srate
by ba As (pe rcent)
W1. i ;ommi »rcial a nd indi istrial
t outstanding to
Change in Cqnsumqr Pn
(ann. rate, pdrcent)
,,,!,,,!,,.!,,1
Index for sendees
,,,!,,,
1956 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 921993
1. This series is smoothed by an autoregressive-moving-average filter developed by Statistics Canada.
NOTE.—Current data for these series are shown on page C-1.
May 1993
SURVEY OF CURRENT BUSINESS
•
C-13
Employment and Unemployment
Dec. Nov.
P
T
Nov.
P
Mar.
T
Jan. July
P T
July
P
July Mar.
P T
Nov.
T
weekly svertime hours oil producti on or no lsupervi >ory workers, manufacturing (hour;)
21
32J
46. Helpfwanted advertising in newjspapers (index: 1(967=100]
180-i
160140-
L,Lg,U
120100-
80-
220200180160140-
28-,
262422-
64-
90. Riitio, civilian empk yment t< population of working ag*; (percent)
U,Lg,U
62605856-
43. CMIjan unerrploymert rate (pe rcent—ir verted scale)
1965 66
67 68 69 70
71
72 73 74 75 76
NOTE.—Current data (or these series are shown on page C-2.
77 78 79 80 81 82
83 84 85 86
87 88
89 90 91
92 1993
s
CO
C-14
•
SURVEY OF CURRENT BUSINESS
May 1993
CYCLICAL INDICATORS
Output, Production, and Capacity Utilization
Dec. Nov.
P
T
Nov.
P
Jan. July
P T
Mar.
T
July
P
Nov.
T
July Mar.
P T
Q (arm, rate, bil
manufactures (index 1987=100)
production, durable man jfactures (index
con sumit goods
82. Capa sity utifaation rat;, manufacturing
S
K
i
I .,,,,, I.-,.-; .... I , . , , ., I ,
1965 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88
NOTE.—Current data for these series are shown on page C-2.
I ,,,,,,!,,, M ,
90 91 92 1993
SURVEY OF CURRENT BUSINESS
May 1993
CYCLICAL INDICATORS
Sales and Orders
Dec. Nov.
P
T
Nov.
P
Mar.
T
Jan. July
P T
July
P
Nov.
T
July Mar.
P T
59.|Sales of (retail stores in 19B7 dollar
7. Manufacturers' new< rders in
durable gooes industi
/^-"'Vvi-i
Wages and Consumer Attitudes
1965 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 1993
NOTE.—Current data for these series are shown on pages C-2 and C-4.
•
C-15
C-16
• May 1993
SURVEY OF CURRENT BUSINESS
CYCLICAL INDICATORS
Fixed Capital Investment
Dec. Nov.
P
T
Net >usiness formatic n (in#x
16014012010080-
new business ncorpor
L.L.L
706050__^ j —
i
403020-
' new orders In II982 gallars,
capital goods Industries #
6050-
3020-
10J
contracts awarded tor rmnwchl and industrial
t.offloolrspaee;
100806040-
1965 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 1993
1. This is a copyrighted series used by permission; it may not be reproduced without written
permission from McGraw-Hill Information Systems Company, F.W. Dodge Division.
NOTE—Current data for these series are shown on page C-2.
May 1993
SURVEY OF CURRENT BUSINESS
CYCLICAL INDICATORS
Fixed Capital Investment—Continued
Dec. Nov.
P
T
Jan. July
P T
July
P
Nov.
T
July Mar.
P T
business < squlpmeiit (index
, . ! , , ,
, , , ! , , ,
M,
,M
, , I I . I 1
1965 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 1993
1. Dotted ine represents anticipated expendtures.
NOTE.—Current data for these series are shown on pages C-2 and C-3.
•
C-17
C-18
• May 1993
SURVEY OF CURRENT BUSINESS
CYCLICAL INDICATORS
Fixed Capital Investment—Continued
Dec. Nov.
P T
Nov. Mar.
P
T
Jan. July July Nov.
P T
P
T
July Mar.
P T
units' tarted(ain.rate,
investrientln1M87dolla
Inventories and Inventory Investment
e in business iriventorie
rate, bil dol.)
andtadeinvtntones
.. i,,:, . .,.(,,.. ,,, I . ,, ,,,!,,. ,,,,,, ,,,,,,.,,, , , , ,
1965 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 1993
NOTE.—Current data for these series are shown on page C-3.
SURVEY OF CURRENT BUSINESS
May 1993 • C-19
CYCLICAL INDICATORS
Prices and Profits
1965 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 1993
IVA Inventory valuation adjustment. CCAdj Capital consumption adjustment.
NOTE.—Current data for these series are shown on pages C-3 and C-4.
1. From June 1981 forward, this is a copyrighted series used by permission; it may not be
reproduced without written permission from Commodity Research Bureau, Inc.
C-20
•
May 1993
SURVEY OF CURRENT BUSINESS
CYCLICAL INDICATORS
Money, Credit, and Interest Rates
July
P
Nov.
T
July
P
Nov.
T
July Mar.
P T
Net change in business
(ann. rale, bil. do.)'
i;ii
:':>;i
I
'
110. funds raised by private nonfi
in credit i markets, Q (ann. rate, bil
1981 82
83 84
85 86
87
88
i
90 91 92 1993
1. The heavy line is a centered 6-term moving average.
NOTE—Current data for these series are shown on pages C 4 and C-5.
1981 82 83 84 85 86 87 88
90
91
92 1993
May 1993 • C-21
SURVEY OF CURRENT BUSINESS
CYCLICAL INDICATORS
Alternative Composite Indexes
Dec. Nov.
P
T
Nov.
P
Mar.
T
Jan. July
P T
July
P
Nov.
T
JulyMar.
P T
280
260
240
220
200
CIBCRIsadirtffcdexes—
180
990. Long-la ding ind a(1967:1
160
140240
220
200
m. Short-le iding inc ex (1967: :1
180
160
140120100140-
BEAconcidenthdexes120-
Modifie I methodology'(
100-
80140120100-
80-
60 J
1965 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 1993
CIBCR Center for International Business Cycle Research (Columbia University).
1. See "The Composite Index of Coincident Indicators and Alternative Coincident Indexes," SURVEY
OF CURRENT BUSINESS 72 (June 1992): 42-45.
NOTE.—Current data for these series are shown on page C-5.
C-22
SURVEY OF CURRENT BUSINESS
• May 1993
OTHER IMPORTANT ECONOMIC MEASURES
Other Measures
Prices
I Percent change afjhnual rate
saving rate, Q (
Fixed-weighteduifjnbc
price imucX, g
business prodjict (1
COAsii ner Price Indexes for all
320c. All items
Government sur us or deficit. Q
3 !3c. All items less
PJGdlrier Price ndexes-jFinished gcods
Chang
business secto
Finished goods less
1-auartiirspan
Government pu
Capital equipme
6 9 , H i chandisi \ imports
tary,Q(i inn. rate
331c. Crude m itenals f >r
further crocessin 3
chandise exports
ex< luding military, q (ann. M , bil. ddl.)
1981 8 2 8 3 8 4 8 5 8 6 8 7 8 8 8 9 9 0
91 92 1993
NOTE.—Current data for these series are shown on pages C-3, C-4, and C-5.
1981 8 2 8 3 8 4 8 5 8 6 8 7 8 8 8 9 9 0
91 92 1993
May 1993 •
SURVEY OF CURRENT BUSINESS
C-23
OTHER IMPORTANT ECONOMIC MEASURES
International Consumer Prices
International Industrial Production
July
P
July Mar.
P T
Nov.
T
I Percent change over 6-month spart, annual rate
72t. - )ECD European countries
10-
0-1010-
o-
<
-10-
20-
<
10-
CD
03020-
732c. United Kingdom
4
10-
0-
30-
20-
737c. Ita y
10-
0-
20-
733c. Canada
10-
o1 1 1
11 * I 11 1 I1 11 I11 1 I1 1 1
1 1 1
1981 82 83 84 85 86 87 88 89 90 91 92 1993
NOTE.—Current data for these series are shown on page C-5.
1981 82
83
84
85 86
87 88
89
90
91
92 1993
<
<D
C-24
•
May 1993
SURVEY OF CURRENT BUSINESS
OTHER IMPORTANT ECONOMIC MEASURES
International Stock Prices
International Exchange Rates
July Nov.
P
T
JulyMar
P T
July Nov.
P
T
786, I f sighted-a verage e (change value df SU.S! dolar
0»dex: March 1973:100)
160-j
140120100-
• f l i l g n currency per U.S. dollai—
2802402001601203.02.62.21.81.49-1
87-
54-
752. United Kingdom
(pound}
0.9-1
0.80.70.60.50.42000-1
18001600140012001000800-
1
1.4-1
H
1.0-1
1981 82
83 84 85 86
87 88 89 90 91 92 1993
NOTE.—Current data for these series are shown on page C-5.
1981 82
8 3 8 4 8 5 8 6 8 7 8 8 8 9 9 0
91
92 1993
S-l
SURVEY OF CURRENT BUSINESS
May 1993
CURRENT
BUSINESS
STATISTICS
Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources
are provided through the courtesy of the compilers and are subject to their copyrights.
Current data for the series shown in the S-pages are available on diskette on a subscription basis or from the Commerce
Department's Economic Bulletin Board. Historical data, data sources, and methodological notes for each series are published
in BUSINESS STATISTICS, 1963-91. For more information, write to Business Statistics Branch, Business Outlook Division
(BE-52), Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230.
NOTE.—This section of the SURVEY is prepared by the Business Statistics Branch.
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown in
BUSINESS
STATISTICS, 1963-91
1992
Annual
1991
1992
Mar.
Apr.
May
June
July
1993
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
|
Mar.
Apr.
1. GENERAL BUSINESS INDICATORS
PERSONAL INCOME BY SOURCE f
[Billions of dollars]
Seasonally adjusted, at annual rates:
Total personal income
Wage and salary disbursements, total
Commodity-producing industries, total
Manufacturing
Distributive industries
Service industries
Government
Other labor income
Proprietors' income: i
Farm
Nonfarm
Rental income of persons with capital consumption
adjustment
Personal dividend income
Personal interest income
Transfer payments to persons
Less: Personal contributions for social insurance
Total nonfarm income
4,828.3
5,058.1
5,009.6
5,015.4
5,032.7
5,038.5
5,048.7
5,056.4
5,080.9
5,145.0
5,143.7
5,194.0
'5,223.1
'5,228.7
'5,261.0
5,262.0
2,812.2
737.4
556.9
647.4
883.9
543.6
288.3
2,918.1
743.2
565.7
666.8
945.5
562.5
305.7
2,895.0
739.6
561.6
663.4
936.1
556.0
300.7
2,890.6
741.2
563.6
661.0
929.8
558.6
302.1
2,907.6
745.3
566.3
664.7
936.3
561.3
303.6
2,905.7
742.8
564.2
663.1
935.7
564.1
305.0
2,911.2
742.7
566.1
663.8
940.7
564.1
306.4
2,930.9
743.5
565.3
668.3
954.5
564.6
307.9
2,928.3
740.9
565.0
670.9
952.1
564.3
309.3
2,951.3
749.2
571.2
672.5
960.1
569.5
310.8
2,967.8
746.9
568.6
679.9
972.5
568.5
312.2
2,990.6
755.6
578.4
675.1
989.0
570.9
313.6
'3,010.1
751.0
574.3
681.2
996.1
'581.9
315.1
'3.004.6
'756.7
'577.6
'688.4
'983.3
'576.2
316.5
'3,004.3
'755.6
'577.5
'687.2
'985.3
'576.3
318.0
3,012.6
757.7
579.8
688.0
989.4
577.5
319.4
35.8
332.2
39.5
364.9
49.0
356.9
48.1
358.6
36.1
359.2
31.4
361.9
30.6
363.8
24.9
363.8
39.1
369.9
55.4
376.7
39.3
380.0
49.4
384.4
38.4
'388.9
'45.5
'388.9
'74.7
'389.6
53.5
391.0
-10.4
137.0
700.6
771.1
238.4
4,770.4
4.7
-3.2
134.2
676.9
848.2
248.2
4,938.2
-1.2
135.4
676.0
854.2
248.3
4,944.9
3.3
8.0
9.6
3.6
6.1
139.3
670.2
866.1
250.6
4,995.8
136.6
675.2
860.9
249.8
4,973.9
137.9
674.4
864.1
249.9
4,984.4
139.5
668.6
869.4
250.5
4,995.3
141.3
663.1
872.8
252.0
5,008.7
142.3
657.8
880.0
251.9
5,018.9
13.5
143.8
657.7
889.2
253.4
5,066.4
13.4
145.3
657.8
882.6
254.7
5,081.1
14.0
148.2
657.9
892.1
256.3
5,121.3
'17.6
149.6
'656.9
'906.8
'260.3
'5,161.1
'20.1
149.9
'656.3
'907.4
260.5
'5.159.6
'14.9
150.1
'656.0
'913.9
'260.4
'5,162.8
23.4
150.3
655.5
917.1
260.9
5,184.6
4,828.3
618.7
4,209.6
4,009.9
3,887.7
446.1
1,251.5
2,190.1
112.5
5,058.1
627.3
4.430.8
4,218.1
4,095.8
480.4
1,290.7
2,324.7
112.1
5,009.6
609.0
4,400.6
4,153.7
4,030.3
463.5
1,269.5
2,297.3
113.3
5,015.4
614.7
4,400.7
4,162.7
4,039.9
462.6
1,274.0
2,303.3
112.4
5.032.7
617.6
4,415.1
4,174.9
4,052.6
468.6
1,280.3
2,303.7
111.9
5,038.5
619.0
4,419.5
4,200.9
4,078.7
480.5
1,278.3
2,319.9
111.8
5,048.7
624.1
4,424.6
4,222.0
4,100.6
479.8
1,289.2
2,331.6
111.4
5,056.4
630.1
4,426.3
4,214.0
4,092.8
483.2
1,293.9
2,315.8
111.2
5,080.9
632.2
4,448.7
4,253.8
4,132.6
484.6
1,295.4
2,352.6
111.2
5,145.0
639.1
4,505.9
4,296.7
4,175.2
499.5
1,314.9
2,360.8
111.1
5,143.7
643.3
4,500.4
4,308.4
4,186.7
490.9
1,316.6
2,379.1
111.3
5,194.0
648.5
4.545.4
4,345.5
4,222.5
506.9
1,324.1
2,391.5
112.6
'5,223.1
656.9
'4.566.1
'4,353.9
'4,230.5
'513.7
'1,319.2
'2,397.5
'112.7
'5,228.7
656.0
'4.572.7
'4,369.9
'4,246.1
'492.9
'1.330.0
'2,423.3
'113.1
'5.261.0
'655.8
'4.605.2
'4,363.3
'4,239.2
'495.1
'1,316.1
'2,428.0
'113.4
6582
4.603.8
4,407.0
4,282.7
516.0
1,324.1
2,442.6
113.6
DISPOSITION OF PERSONAL INCOME t
[Billions of dollars, unless otherwise indicated]
Seasonally adjusted, at annual rates:
Total personal income
Less: Personal tax and nontax payments
Equals: Disposable personal income
Less: Personal outlays
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Interest paid by persons
Personal transfer payments to rest of the world
(net)
Equals: personal saving
Personal saving as percentage of disposable
personal income §
Disposable personal income in constant (1987)
dollars
Personal consumption expenditures in constant
(1987) dollars
Durable goods
Nondurable goods
Services
Implicit price deflator for personal consumption
expenditures, 1987=100
5,262.0
9.7
10.3
10.2
10.4
10.4
10.4
10.0
10.0
10.0
10.4
10.4
10.4
'10.7
'10.7
'10.7
10.7
199.6
212.6
246.8
238.0
240.2
218.6
202.6
212.3
194.9
209.2
192.0
199.9
'212.3
'202.9
'241.9
196.8
4.7
4.8
5.3
5.5
5.3
5.0
4.8
4.6
4.6
4.4
4.4
4.4
4.5
4.8
4.7
3,509.0
3,585.1
3,581.9
3,573.3
3,578.6
3,576.1
3,574.4
3,585.5
3,581.7
3,613.4
3,604.0
3,637.1
'3,639.4
'3,633.3
'3,654.5
3,640.6
3,240.8
414.7
1,042.4
1,783.7
3,314.0
439.1
1,054.1
1,820.7
3,280.5
425.6
1.040.9
1,813.9
3,280.3
423.9
1,044.4
1,812.1
3.284.8
427.6
1,048.8
1,808.4
3,300.3
438.6
1,043.6
1,818.2
3,312.6
437.8
1,051.2
1,823.7
3,315.3
440.0
1,052.4
1,822.9
3,327.2
441.5
1,052.5
1,833.2
3.348.2
453.9
1,066.7
1,827.6
3,352.7
446.6
1,068.2
1,837.9
3,378.7
462.6
1,073.2
1,843.0
'3,371.8
'466.7
'1,064.7
'1,840.4
'3.373.8
'448.2
'1,068.0
'1.857.6
'3.364.1
'450.3
'1,056.5
'1,857.3
3,386.7
466.0
1,062.2
1,858.5
120.0
123.6
122.9
123.2
123.4
123.6
123.8
123.5
124.2
124.7
124.9
125.0
'125.5
'125.9
126.0
126.5
INDUSTRIAL PRODUCTION 0
[1987=100]
Not seasonally adjusted:
Total index
'104.1
' 106.5
' 105.1
'104.3
'105.3
'107.8
'105.7
'109.1
'108.9
'109.2
'108.0
'107.1
'107.6
'109.3
'109.2
108.0
By industry groups:
Mining
Utilities
Manufacturing
Durable
Nondurable
'100.4
'112.2
' 103.7
'103.8
' 103.5
'97.6
'112.0
'106.9
' 108.1
' 105.4
'97.2
r
114.2
'105.0
'106.8
'102.7
'96.8
'105.5
'104.9
'106.0
'103.6
'96.9
'100.0
'106.5
'108.5
'104.1
'96.0
'103.8
'109.3
'110.3
'108.0
'96.1
'112.6
'106.0
'105.6
'106.4
'97.1
'110.9
'110.1
'110.3
'109.8
'97.2
'105.6
'110.3
110.5
'110.2
'99.0
'102.0
'110.9
'112.3
'109.1
'100.4
'109.6
'108.6
'110.9
'105.7
'98.8
'127.7
'106.0
'109.2
'102.0
'98.4
'133.4
-106.1
'109.1
'102.4
'97.0
'128.6
'108.8
'113.0
'103.6
'95.5
'120.2
'09.5
'114.1
'103.8
95.5
106.5
109.3
113.0
104.7
Seasonally adjusted:
Total index
' 104.1
' 106.6
'105.6
'106.3
'106.7
'106.0
'106.8
'106.6
'106.2
'107.5
'108.4
'108.9
'109.3
'109.9
'109.9
' 103.2
'105.4
' 102.9
' 105.7
'108.3
' 105.2
'104.5
'106.9
'104.7
'105.3
'107.7
'105.4
'105.7
'108.3
'105.8
'104.8
'107.1
'104.0
'105.7
'108.1
'104.9
'105.9
'108.9
'105.1
'105.3
'108.1
'104.4
'107.1
'110.1
'106.4
'107.8
' 111.0
'107.1
'108.2
'111.5
'107.5
'108.5
'111.9
'107.6
'109.1
'112.3
'108.2
'109.1
'112.3
'108.1
By market groups:
Products, total
Final products
Consumer goods
See footnotes at end of tables.
109.1
112.5
107.9
S-2
• May 1993
SURVEY OF CURRENT BUSINESS
Annual
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
shown in BUSINESS STATISTICS, 1953-91
1992
1992
1991
Mar.
Apr.
May
June
July
1993
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
1. GENERAL BUSINESS INDICATORS-Continued
INDUSTRIAL PRODUCTION O-Continued
[1987=100]
Seasonally adjusted—Continued
By market groups—Continued
Final products—Continued
Consumer goods—Continued
Durable
Automotive products
Autos and trucks
Other durable goods
-95.4
-90.3
-85.2
-99.9
-102.6
-99.5
-97.0
-105.2
-100.9
-96.5
-92.2
-104.7
-102.6
-99.0
-97.4
-105.8
-105.6
-102.9
-102.1
-107.9
-102.0
-99.0
-96.5
-104.6
-102.8
-98.8
-95.3
-106.3
-101.9
-99.5
-96.0
-104.0
-100.9
-97.3
-93.5
-104.1
-104.1
-103.1
-101.5
-104.9
-105.7
-104.1
-102.9
-107.1
-107.9
-108.7
-111.7
-107.2
-110.9
-112.7
-116.8
-109.3
-111.7
-112.6
-115.7
-110.9
-111.0
-111.4
-113.5
-110.7
111.2
111.0
112.8
111.4
Nondurable
Foods and tobacco
Clothing
Chemical products
Paper products
Energy products
-105.0
-104.1
-93.2
-115.3
-101.8
-108.2
-106.0
-104.8
-95.1
-118.8
-100.8
-108.1
-105.7
-104.5
-95.4
-117.9
-101.3
-107.7
-106.1
-104.8
-95.0
-118.9
-101.2
-109.0
-105.9
-104.7
-95.7
-118.1
-101.0
-107.8
-104.6
-103.3
-94.5
-117.6
-100.6
-105.2
-105.5
-105.0
-95.1
-117.3
-100.1
-106.3
-106.0
-107.0
-94.0
-116.5
-100.2
-105.6
-105.3
-104.9
-94.3
-118.5
-100.4
-104.6
-107.1
-105.9
-94.5
-121.1
-100.1
-111.1
-107.5
-105.2
-95.9
-123.3
-100.9
-112.0
-107.4
-104.8
96.0.
-121.7
-100.9
-114.4
-106.7
-104.6
-95.7
-122.4
-100.2
-109.5
-107.3
-104.9
-95.4
-120.4
-101.8
-114.0
-107.3
-104.3
-95.2
-122.7
-101.8
-113.6
107.0
104.4
94.9
123.2
102.2
110.2
-109.0
-115.8
-120.6
-137.3
-106.2
-134.2
-105.4
-112.8
-123.3
-134.6
-168.0
-108.5
-137.6
-118.1
-110.2
-119.0
-127.8
-155.6
-106.3
-135.5
-114.1
-111.1
-120.6
-129.6
-158.5
-106.8
-137.5
-119.5
-112.0
-122.1
-131.4
-162.1-108.4
-136.9
-123.3
111.6
-121.9j
• -134.3
-167.3
-108.7
-133.9
-117.2
-112.7
-123.7
-137.4
-171.8
-109.1
-135.3
-114.2
-114.3
-126.1
-138.5
-173.7
-109.2
-143.3
-117.3
-113.5
-125.0
-138.2
-178.3
-109.6
-134.5
-114.7
-115.4
-127.5
-142.2
-183.1
-110.1
-137.4
-121.7
-116.7
-129.0
-142.9
-184.5
-112.0
-140.4
-123.9
-117.2
-129.6
-143.2
-186.4
-112.3
-144.1
-131.4
-118.1
-131.2
-144.4
-192.0
-113.1
-146.7
-136.7
-118.1
-131.8
-146.1
-198.0
-112.5
-147.1
-138.1
-118.4
-132.9
-149.2
-205.7
-112.6
-145.0
-135.9
119.1
134.0
151.9
212.8
112.6
143.5
134.6
-91.7
-93.9
-77.9
-86.0
-78.0
-100.4
-88.9
-75.1
-91.4
-87.7
-75.5
-93.0
-87.2
-75.4
-92.5
-86.5
-73.1
-90.1
-85.1
-73.8
-101.3
-84.5
-75.6
-96.9
-84.4
-76.3
-100.9
-83.5
-82.7
-110.4
-83.2
-86.4
-118.5
-82.5
-91.2
-128.6
-82.0
-89.0
-129.4
-81.4
-77.9
-127.1
-80.9
-71.1
-116.2
80.5
72.4
116.7
-96.5
-90.8
-100.4
-97.6
-93.9
-100.1
-97.2
-93.4
-99.7
-97.9
-93.6
-100.7
-97.9
-95.3
-99.6
-97.7
-93.6
-100.6
-98.6
-94.3
-101.4
-97.0
-94.1
-99.0
-96.9
-93.0
r
99.5
-97.8
-94.7
-99.9
-98.1
-95.1
-100.0
-98.3
-94.5
-100.8
-98.2
-94.8
-100.5
-99.3
-97.3
-100.6
-99.4
-97.2
-100.8
98.6
96.3
100.2
105.5
-105.3
-107.1
-104.6
-107.9
-109.0
-111.0
-103.4
-107.3
-108.1
-110.9
-102.7
-107.9
-108.8
-111.2
-103.5
-108.0
-109.0
-111.5
-103.3
-107.8
-108.7
-111.5
-103.1
-108.5
-109.3
-111.5
-104.4
-107.6
-108.9
-110.7
-102.5
-107.4
-107.6
-111.7
-103.6
-108.1
-109.7
-110.7
-103.0
-109.3
-111.1
-112.0
-103.9
-110.0
-111.9
-111.5
-105.1
-110.4
-113.3
-112.4
-103.4
-111.1
114.4
-112.1
-103.9
-111.0
-114.3
-1124
-103.8
111.4
115.0
113.5
102.9
-100.4
-156.7
109.3
-96.0
-89.1
-107.0
-94.2
-97.6
-161.8
-105.5
-92.6
-85.7
-106.7
-93.8
-97.2
-162.0
-104.6
-92.2
-86.8
-103.9
-94.3
-97.4
-156.0
-106.5
-92.4
86.5
-105.2
-94.8
-98.8
-172.2
-109.5
-92.5
-85.5
-107.0
-96.9
-97.1
-157.8
-101.9
-93.1
-86.2
-108.4
-92.7
-98.5
-156.5
-108.0
-93.6
-85.7
-111.1
-94.1
-97.0
-165.5
-103.9
-91.9
-84.3
-108.4
-93.8
-97.1
-159.8
-103.6
-92.7
-84.8
-109.3
-91.9
-97.6
-168.1
-103.8
-92.7
-84.2
-108.4
-93.6
-97.8
-171.6
-103.5
-92.8
84.0
-108.2
-94.4
-98.2
-158.1
-107.9
-93.4
-85.9
-104.3
-92.6
-98.3
-167.7
-108.2
-92.6
-83.4
-106.9
-93.8
-95.6
-163.0
-101.7
-90.4
-81.8
105.9
-95.1
-95.4
-163.5
-102.3
-90.0
82.1
106.1
-95.3
96.1
161.9
108.0
89.9
82.1
-111.9
112.7
-109.0
-111.9
-111.6
-112.9
r
-112.0
-111.8
-113.0
-111.2
-110.8
-112.6
-110.0
-109.5
-112.0
-111.2
-110.8
-112.8
-110.4
-110.0
-112.1
-111.2
-110.9
-112.0
-112.7
-112.6
-113.2
-114.7
-114.1
-117.3
-116.8
-116.4
-118.2
-112.8
-112.9
-112.4
-117.4
-117.2
-118.2
-117.3
-117.4
-116.9
113.1
113.2
112.7
Equipment, total
Business equipment
Information processing and related
Office and computing machines
Industrial
Transit
Autos and trucks
Defense and space equipment
Oil and gas well drilling
Manufactured homes
Intermediate products
Construction supplies
Business supplies
Materials
Durable
Nondurable
Energy
By industry groups:
Mining
Metal mining
Coal
Oil and gas extraction #
Crude oil
Natural gas
Stone and earth minerals
Utilities
Electric
.Gas
111.4
-111.4
-111.8
952
-103.7
-106.9
-106.1
-106.5
-107.1
-106.5
-107.1
-107.0
-106.8
-108.0
-108.9
-109.2
-109.9
-110.5
-110.6
111.0
Durable
Lumber and products
Furniture and fixtures
Clay, glass, and stone products
Primary metals
Iron and steel
Nonferrous
Fabricated metal products
Machinery and computer equipment
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments
-103.9
-90.5
-94.0
-92.6
-98.5
-100.7
-95.5
-95.0
-113.8
-112.8
-102.0
-94.8
-105.4
-108.2
-96.4
-98.9
-95.9
-101.2
-104.8
-96.2
-96.8
-124.9
-120.0
-102.7
-105.0
-104.3
-106.7
-96.5
-95.4
-94.7
-102.6
-106.5
-97.3
-96.6
-120.0
-117.2
-102.3
-101.2
-104.9
-107.2
-95.3
-99.4
-94.5
-101.8
-105.6
-96.6
-96.8
-120.9
-118.2
-103.2
-104.5
-104.9
-108.4
-96.1
-101.0
-97.4
-101.1
-104.8
-95.9
-97.2
-123.2
-119.5
-104.5
-107.9
-105.1
-107.6
-93.8
-94.2
-95.6
-101.2
-103.8
-97.5
-97.1
-123.8
-119.3
-102.7
-104.8
-104.4
-108.2
-96.6
-97.5
-96.8
-100.6
-104.7
-95.0
-97.0
-125.7
-120.7
-101.4
-103.1
-104.9
-108.5
-96.6
-99.2
-95.7
-100.5
-103.8
-96.1
-97.0
-126.9
-120.6
-102.4
-105.0
-104.3
-108.1
-94.7
100.5
-96.5
-98.0
-102.0
-92.4
-96.5
-127.9
-121.5
-100.5
-102.6
-103.7
-109.8
-97.8
-100.4
-96.8
-100.5
-104.1
-95.6
-97.5
-130.6
-122.6
-103.0
-108.0
-103.7
-110.9
-99.8
-102.3
-97.6
-101.6
-103.6
-98.8
-97.6
-132.8
-124.4
-103.6
-109.9
-103.6
-111.8
-98.0
-103.9
-98.0
-102.4
-107.4
-95.7
-97.8
-133.8
-124.8
-105.3
-116.2
-103.3
-112.9
-99.3
-105.2
-97.0
-102.8
-107.0
-97.1
-99.8
-135.0
-125.8
-108.4
-120.9
-103.0
-113.9
-101.3
-105.2
-99.1
-107.9
-112.8
-101.1
-99.8
-137.1
-127.0
-108.1
-121.3
-102.1
-114.0
-99.9
-107.0
-98.0
-104.8
-109.1
-98.8
-100.1
-139.6
-127.8
-107.0
-120.0
-102.9
114.4
98.6
107.3
98.3
105.1
109.5
99.0
100.4
142.0
127.9
106.4
120.2
103.3
Nondurable
Foods
Tobacco products
Textile mill products
Apparel products
Paper and products
Printing and publishing
Chemicals and products
Petroleum products
Rubber and plastics products
Leather and products
-103.5
-105.3
-96.7
-96.9
-91.8
-106.2
-96.8
-111.3
-101.6
-104.5
-87.9
-105.4
-106.0
-99.6
-104.7
-92.6
-108.2
-95.0
-115.0
-102.0
-109.7
-92.5
-105.3
-106.4
-97.1
-104.3
-93.6
-108.7
-95.1
-114.2
-102.0
-109.4
-90.0
-105.5
-106.0
-97.3
-105.0
-93.4
-109.2
-95.8
-114.6
-103.7
-109.2
-91.1
-105.4
-106.1
-97.9
-105.0
-93.5
-108.2
-94.5
-114.8
-102.5
-110.3
-91.8
-105.2
-105.4
-96.4
-103.8
-91.7
-108.7
-95.6
-114.9
-101.8
-109.7
-92.3
-105.7
-105.9
-101.5
-107.0
-92.7
-109.1
-95.7
-114.6
-101.5
-110.7
-93.6
-105.2
-106.3
-115.5
-103.5
-91.3
-107.1
-93.5
-114.4
-98.0
-110.7
-92.0
-105.2
-105.6
-101.7
-105.1
-91.5
-109.5
-94.1
-115.2
-101.1
-108.5
-93.8
-105.8
-106.8
-102.4
-103.5
-91.7
-107.3
-94.5
-116.2
-105.3
-109.9
-95.1
-106.4
-106.4
-101.9
-106.0
-92.9
-108.2
-94.2
-117.7
-103.9
-111.3
-96.6
-106.0
-106.2
-96.1
-106.0
-92.7
-108.3
-94.7
-116.7
-103.4
-111.3
-96.7
-106.4
-105.9
-100.5
-106.9
-93.1
-108.6
-94.7
-116.8
-103.2
-113.6
-97.1
-106.4
-106.4
-99.5
-106.6
-92.9
-110.4
-94.3
-115.8
-104.7
-114.0
-97.3
-106.4
-106.1
-97.5
-105.7
-92.5
-110.1
-94.4
-116.9
-103.9
-114.3
-97.8
106.8
106.2
602,110
Manufacturing
BUSINESS SALES
[Millions of dollars]
Manufacturing and trade sales (seas, adj.), total ....
Manufacturing, total
Durable goods industries
Nondurable goods industries
Retail trade, total
Durable goods stores
Nondurable goods stores
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
1
6,662,014
561,245
551,825
556,479
585,012
548,161
561,204
580,869
588,615
566,569
609,982
520.531
-540,867
6,406,052 -'6,705,463
-552,126
-552,488
551,257
559,606
563,656
556,733
563,454
566,005
569,483
581,479
581,760
-585.369
586,531
' 2,821,699
1,422,578
1,399,121
' 2,925,955
1,496,626
1,429,329
240,684
123,503
117,181
241,749
123,483
118,266
241,479
122,344
119,135
247,252
125,831
121,421
247,216
124,789
122,427
241,014
123,364
117.650
245,838
125,346
120,492
244,391
125,162
119,229
248,160
128,105
120,055
257,027
134,010
123,017
253,021 -257,266
130,465 -134,104
122.556 -123,162
260,066
135,787
124,279
1,842,739
652,951
1,189,788
1,956,354
703,178
1,253,176
-160,048 -160,182
-57,073
-57,281
-102,767 -103,109
161,282
57,553
103,729
161,133
57,777
103,356
162,316
58,352
103.964
163,224
58,369
104,855
164,211
59,172
105,039
167,603
61,051
106,552
167,291
60,610
106,681
169,155
61,873
107,282
169,232 -169,116
-60,978
62.216
107,016 -108,138
167,720
60,775
106,945
-'1,771,614
-859,492
-912,122
-1,823,526
-902,229
-921,297
-151,394
-74,896
-76.498
150,557
73,893
76,664
148,496
72,672
75.824
151,221
75,323
75.898
154.124
76,447
77.677
152,495
75,644
76.851
153,405
75,291
78,114
154,011
76,131
77.880
154,032
77,808
76,224
155,297
78,164
77.133
159.507 -158,987
-80,692
80,850
78.657
-78,295
158,745
79,896
78,849
486.0
217.5
141.2
127.3
487.4
217.8
141.5
128.1
484.7
216.5
141.9
126.3
490.1
220.7
141.5
127.9
495.3
221.3
143.0
131.0
489.5
216.3
142.9
130.3
495.5
219.8
143.6
132.2
495.3
218.8
146.5
130.0
499.4
222.4
146.2
130.8
509.7
230.2
148.0
131.5
-510.7
230.1
-146.8
-133.9
511.4
232.6
145.4
133.4
6,406,052
Manufacturing and trade sales (unadj.), total
1
[Billions of constant 1987 dollars]
Manufacturing and trade sales in constant (1987)
dollars (seas. adj.). total §
Manufacturing
Retail trade
Merchant wholesalers
See footnotes at end of tables.
-509.4
-226.6
147.7
135.1
98.6
107.0
92.1
111.1
94.8
117.4
103.7
114.3
97.7
May 1993 •
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
shown in BUSINESS STATISTICS, 1963-91
1993
1992
Annual
1991
1992
Mar.
Apr.
May
June
July
Sept.
Oct.
Nov.
Dec.
Jan.
841,419
861,855
867,063
839,876
846,75
Aug.
Feb.
Mar.
1. GENERAL BUSINESS INDICATORS-Continued
BUSINESS INVENTORIES
[Millions of dollars]
Manufacturing and trade inventories, book value
(non-LIFO basis), end of period, (unadjusted),
total
Manufacturing and trade inventories, book value
(non-LIFO basis), end of period, (seas, adj.),
total
Manufacturing, total
Durable goods industries
Nondurable goods industries
Retail trade, total
Durable goods stores
Nondurable goods stores
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
- 824,585
839,876
"833,211
386,04:
246,966
139,077
243,162
117,454
125,708
"201,285
r
128,95
'•72,328
848,805
378,926
235,360
143,566
260.64'
131,549
129,098
209,232
134,208
75,024
833,33?
838,61
834,31
831.35C
836,712
837,772
-854,01
862,303
835,47"
835.106
839,72
843,10
845.350
844,388
845,34
846,585
848.805
851,018
-854,56
861,132
383,239
243.787
139,452
382,206
242,512
139,694
383,286
242,44'
140,839
382,854
241,89
140,96-
383.49
241.258
142,233
385,596
242,036
143,560
384,390
240,550
143,840
383,708
239.390
144,318
381,266
237,542
143,724
378,926
235,360
143,566
378.452
234.363
144,089
-379.08
- 235.120
-143.960
379,981
235,429
144,552
- 247,329
-122,113
- 125,216
251.566
125,405
126.16
250.942
125.21
125,725
252,568
125,844
126,724
254,984
127,018
127,966
254,145
127,334
126,811
254,884
126,900
127,984
255,540
127.760
127,780
256,895
128,884
128,011
260,647
131.549
129,098
262,427
132.861
129,566
-265.718
-135.599
-130,119
269.830
138.517
131,313
r
201,463
127.542
- 73,92
201.699
128,193
73,506
200,878
128,54"
72,33;
204,299
130,832
73,46'
204,626
130,640
73,986
205,609
132.133
73,476
205,114
132,319
72,795
206,093
132,566
73,527
208,424
133,826
74,598
209,232
134.208
75,024
210,139
133,648
76,491
-209,765
-133.705
-76,060
211,321
134,892
76,429
780.5
368.5
229.
182.8
781,
367.1
232.0
182.-
779.5
367.5
230.8
181.2
782.3
366.9
232.
183.3
785.2
367.
234.3
183,
786.8
369.2
233.9
183.7
784.9
367.9
234.5
182.4
784.3
367.4
233.4
183.5
785.4
365.7
235.3
184.5
786.6
364.2
237.5
184.8
- 786.8
363.8
-238.0
185.0
-789.0
-364.1
-240.9
-184.1
792.8
364.6
143.5
184.7
- 832,03
r
[Billions of constant 1987 dollars]
Manufacturing and trade inventories in constant
(1987) dollars, end of period (seas, adj.), total §
Manufacturing
Retail trade
Merchant wholesalers
BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade, total
1.51
1.51
1.5"
1.50
1.50
1.52
1.50
1.49
1.49
1.46
1.46
1.46
1.47
Manufacturing, total
Durable goods industries
Materials and supplies
Work in process
Finished goods
1.59
1.97
.54
.93
.50
1.58
1.96
.54
.92
.50
1.59
1.98
.55
.93
.51
1.55
1.92
.53
.89
.49
1.55
1.93
.54
1.60
1.96
1.56
1.92
1.57
1.91
1.54
1.85
1.47
1.76
1.50
1.80
1.47
1.75
1.46
1.73
.55
.91
.51
.54
.88
.50
.53
.89
.49
.52
.86
.48
.49
.82
.45
.50
.83
.46
.49
.81
.45
.48
.80
.45
1.19
.44
19
.56
1.18
.44
.19
.55
1.18
A'
.19
.56
1.22
1.19
1.21
1.20
1.17
1.18
1.17
1.16
.19
.54
1.16
43
.18
.54
45
.20
.58
44
.19
.56
.44
.19
.57
.44
.19
.57
.43
.19
.55
.43
.19
.56
.42
.19
.55
.42
.19
.55
Retail trade, total ...
Durable goods stores
Nondurable goods stores
1.55
-2.13
1.22
1.5"
2.20
1.22
1.56
2.18
1.21
1.5:
2.18
1.23
1.57
2.18
1.23
1.56
2.18
1.21
1.55
2.14
1.22
1.52
2.09
1.20
1.54
2.13
1.20
1.54
2.13
1.20
1.55
2.14
1.21
1.57
-2.22
1.20
1.61
2.28
1.23
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
-1.33
-1.70
1.34
1.73
.96
1.35
1.77
.95
1.35
1.74
1.33
1.71
.95
1.35
1.75
1.34
1.76
1.34
1.74
1.35
1.72
1.35
1.72
1.32
1.65
1.32
-1.66
1.33
1.69
.96
.93
.94
.98
.97
.97
.97
.97
1.60
Nondurable goods industries
Materials and supplies
Work in process
Finished goods
Manufacturing and trade in constant (1987) dollars,
total §
Manufacturing
Retail trade
Merchant wholesalers
1.61
1.70
1.62
1.44
1.64
1.42
1.61
1.70
1.63
1.44
1.60
1.66
1.64
1.43
1.59
1.66
1.64
1.40
1.61
1.71
1.64
1.41
1.58
1.67
1.63
1.38
1.58
1.68
1.59
1.41
1.57
1.64
1.61
1.41
1.54
1.58
1.61
1.41
1.54
-1.61
1.61
1.37
-1.55
1.58
1.64
-1.38
1.55
1,57
1.68
1.39
MANUFACTURERS' SHIPMENTS, INVENTORIES,
AND ORDERS t
[Millions of dollars]
2,821,699
2,930,005
250,588
240,550
243,922
264,164
226,244
242,572
262,873
256,009
248,832
249,541
226,456
-252,026
269,682
Durable goods industries, total
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Motor vehicles and parts
Instruments and related products
1,422,578
57,103
129,969
54,876
156,877
242,835
199,544
363,218
206.379
123,945
1,498,382
63,168
132,262
56,233
160,289
252,829
212,193
390,399
236,242
123,352
131,400
4,949
11,290
4,885
13,666
23.580
18,158
34,928
20,375
11,002
123,510
5,222
11,372
4,830
13,233
20,116
16,508
33,610
20,735
9,962
124,991
5,322
11,438
4,802
13.506
20,094
16.887
34.335
22,227
10,036
137,601
5,833
11,818
4,984
14,396
25,167
18,640
35,714
21,134
11,300
109,301
5,371
10,401
4,301
12,192
18,219
16,162
24,811
13.562
9,236
122,149
5,832
11,132
4,660
13,488
19,503
17,158
30.917
19,317
9,786
134,183
6,044
11,333
4,765
14,241
23,179
20,006
33,010
19,562
11,276
131,374
6,102
11,372
4,837
14,264
20,743
18.638
35.234
23.281
10.169
127,641
5,347
10,816
4,626
13,386
20,980
18,704
34,288
21,606
10,341
131,784
4,514
9.869
4,213
13.247
24,982
20,037
34,903
18,853
11,324
113.591
4,351
10.514
4,735
12,279
19.107
15,593
30.167
20.720
9.045
-131,807
-4.986
-11.381
-5.036
-13,741
-22.021
-18.362
-36.567
-24.826
-9.900
143,989
5,105
11,699
5,305
14 741
27,524
19,961
38,748
25.387
10,889
Nondurable goods industries, total
Food and kindred products
Tobacco products
Textile mill products
1,399,121
387,050
32,273
67,756
1,431,623
394,275
33,263
72,572
119,188
33,158
3,241
6,264
117,040
32,300
1,849
5,917
118,931
33,567
2,484
6,002
126,563
33,670
4,304
6,760
116,943
31,393
2,351
5,374
120,423
32,745
1,994
6,447
128,690
35,532
4,053
6,792
124,635
34,367
2,251
6,422
121,191
33,635
3,137
6,137
117.757
32.812
3.852
5,567
112.865
30,961
1.979
5.443
-120.219
-32,848
-2.097
-5,956
125,693
34,632
3,563
6,120
124,367
125,563
297,122
158,056
106,728
10,615
25,282
11,690
9,288
10,280
25,426
12,831
9,195
10,227
25.185
13,546
9,060
10,960
26,486
14,523
9,640
10,438
24,088
14.283
8,653
10,711
24,672
13.926
8,959
10,758
26,118
14,190
9,146
10,538
24,328
14,256
9,213
10,295
23,826
13,648
8,428
10.281
24,373
12,867
7,916
10.086
24.207
12,048
8,332
-10,293
-25.669
-12.270
-9.162
10,478
27.206
12,561
9,284
240,684
241,749
241,479
247,252
247,216
241,014
245,838
244,391
248,160
257,027
253,021
-257,266
260,066
123.503
4,952
10,948
4,689
12.957
20,871
17,249
32,617
19.128
10,331
123,483
5,094
11,112
4,713
13.136
20,616
17,184
32,488
19,472
10,461
122.344
5,184
11,223
4,665
13,044
20,622
17,157
31,880
19,775
10,106
125,831
5,320
11,291
4,731
13,411
21,622
17,293
32,835
19.515
10,472
124.789
5,518
11.166
4,640
13,395
21,050
18,143
31.574
19,035
10,161
123,364
5,428
10.921
4,628
13,400
20,924
17,293
31.673
19,494
10,118
125,346
5,535
10,878
4,656
13,455
21,060
18,199
31,579
19,005
10,565
125,162
5.556
10,749
4,597
13,326
20,730
18,536
32.459
20,129
10,083
128,105
5,350
10,952
4,682
13,599
21,790
18,194
34,028
21,264
10,133
134,010
5,346
11,018
4,713
14.118
22,658
19,306
36.493
23,345
10,459
130.465
5,120
11,115
4,860
13,867
22,855
17.689
35.303
23.204
10,159
-134,104
-5.432
-11.418
-5.061
-13.933
-23,036
-18,660
-36.218
-23.936
-10,283
135.787
5,230
11,424
5.111
14,166
24,163
18,951
36.588
24,130
10,285
117.181
32.392
2.720
6.036
10.407
24.047
12.749
9,038
118,266
33.186
2,111
6,043
10.387
24.502
13,213
8,978
119.135
32.940
2.165
6.033
10.386
24.958
13,640
8,790
121,421
32.390
3,522
6,173
10.503
25.315
14,399
8,890
122.427
32.666
3.304
6,198
10.668
25.458
14.205
8.989
117.650
32.662
2,045
6,084
10.502
24.637
13,111
8,791
120,492
33,560
3,493
6,143
10,456
24,862
12,898
8.763
119.229
33.188
2,406
5,927
10.333
24.444
13,149
8,778
120,055
33,448
2,711
5,924
10,486
24.585
13,216
8,872
123.017
33.422
3.171
6,143
10.705
25.642
13,139
8,943
122.556 '123.162
33.580
-33.473
3.041
-2.760
6,316
-6.165
10.410
-10.285
25.218
'25.713
13.006
-13.655
9.035
-9.159
124,279
33,886
3.009
5,982
10.307
26.108
13.853
9,056
Shipments (not seas, adj.), total
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 #
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Motor vehicles and parts
Instruments and related products
Nondurable goods industries, total #
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
See footnotes at end of tables.
160,391
103,602
S-3
Apr.
o-4 • May 1993
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
shown in BUSINESS STATISTICS, 1963-91
SURVEY OF CURRENT BUSINESS
Annual
1991
1992
1992
Mar.
Apr.
May
June
July |
1993
Aug. |
Sept. |
Oct.
Nov.
Dec.
Jan.
Feb.
|
Mar.
1. GENERAL BUSINESS INDICATORS-Continued
MANUFACTURERS' SHIPMENTS, INVENTORIES,
AND ORDERS-Continued f
[Millions of dollars]
Shipments (seas, adj.)—Continued
By market category:
Home goods and apparel
Consumer staples
Machinery and equipment
Automotive equipment
Construction materials and supplies
Other materials, supplies, and intermediate
products
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
Inventories, end of year or month:
Book value (non-LIFO basis), (unadjusted), total
Durable goods industries, total
Nondurable goods industries, total
Book value (non-LIFO basis), (seasonally
adjusted), total
By industry group:
Durable goods industries, total #
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Motor vehicles and parts
Instruments and related products
By stage of fabrication:
Materials and supplies
Work in process
Finished goods
181,320
648,872
457,838
103,971
169,189
201,485
659,489
481,633
118,295
184,106
16,275
53,811
39,934
9,526
15,073
16,314
54,288
39,299
9,723
15,226
16,497
54,600
38,751
9,808
15,249
16,492
56,216
40,895
9,717
15,412
17,112
56,533
39,905
9,569
15,434
16,799
54,006
39,548
9,900
15,311
17,075
56,374
40,448
9,635
15,736
17,215
54,846
40.339
10,053
15,470
17,449
55,627
41,613
10,547
15,696
18,386
57,000
44,045
11,734
16,135
18,623
56.321
42,695
11,602
15,827
"18,448
"56,172
"42,935
"12,013
"16.668
18,552
57,363
44,424
11,902
16,475
928,029
955,285
78,842
79,566
79,415
80,983
80,736
78,972
79,258
79,506
80,537
82,206
131,106
"83,525
83.696
80,036
467,572
365,708
101,864
86,082
477,945
381,105
96,840
7,030
40,244
31,950
8.294
7,094
39,282'
30,896
8,386
7,018
38,443
30,603
7,840
6,960
40,887
32,830
8,057
7,353
39,923
31,847
8.076
7,194
38,916
31,173
7,743
7,248
40,362
32,033
8,329
7,347
39,366
31,754
7,612
7,513
40,391
32,733
7,658
7,620
42,046
34,188
7,858
7,577
40,372
32,700
7,672
"7.574
"40.857
"32,997
"7,860
7,531
42.418
34.585
7,833
379,926
241,915
138,011
372,815
230,530
142,285
383,614
244,207
139,407
384,499
244,122
140,377
385,623
244,562
141,061
381,008
241,110
139,898
383,467
241,616
141,851
386,989
243,425
143,564
383,105
239,697
143,408
384,281
239,448
144,833
381,121
237,538
143,583
372,815
230,530
142,285
378,030
233.005
145,025
"381.601
"236,736
"144.865
380,322
235,812
144,510
386,043
378,926
383,239
382,206
383,286
382,854
383,491
385,596
384,390
383,708
381,266
378,926
378,452
"379,080
379,981
246,966
8,006
20,187
9,995
22,693
46,406
30,852
74,469
12,806
24,636
235,360
7,846
19,332
9,557
22,615
44,328
30,676
67,170
11,503
23,389
243,787
7,919
19,896
9,858
22,717
45,324
30,977
73,028
12,387
23,999
242,512
7,903
19,864
9,737
22,750
45,122
30,919
71,892
12,336
23,890
242,447
7,924
19,835
9,748
22,982
45,057
30,871
71,531
12,284
23,874
241,891
7,955
19,835
9,816
22,973
44,845
31,009
70.889
12,284
23,918
241,258
7,941
19,833
9.828
23,258
44,906
30,895
70,146
12,230
23,920
242,036
8,023
19,974
9,823
23,310
45,161
31,097
70,330
12,483
23,867
240,550
7,981
19,885
9,697
23,172
45,089
31,021
69,431
12,627
23,814
239,390
7,916
19,663
9,668
22,938
45,056
30,699
69,476
12,397
23,478
237,542
7,926
19,450
9,594
22,811
45,153
30,688
68,171
12,092
23,275
235,360
7,846
19,332
9,557
22,615
44,328
30,676
67,170
11,503
23,389
234,363 "235,120
"7,838
7,853
"19,361
19,323
9,607
"9,616
"22,385
22.385
"44,157
44,102
31,041
"31,146
"66.625
66,481
"11,397
11,339
23,154
"23,252
235,429
7,868
19,369
9.423
22,494
r
*3,955
31,323
66,368
11,573
23,171
67,645
117,575
61,746
65,897
109,233
60,230
66,542
115,330
61,915
66,535
114,004
61,973
66,735
113,727
61,985
67,304
112,540
62,047
66,800
111,644
62,814
67,304
111,741
62,991
67,296
110,652
62,602
66,327
111.129
61,934
66,120
109.830
61,592
65,897
109,233
60,230
65,488
108.704
60,171
"65.486
108.789
"60,845
65,672
108,418
61,339
139,077
30,038
6,408
8,623
13,532
34,082
11,286
11,120
143,566
30,453
6,782
9,141
13,394
35,354
11,246
11,611
139,452
30,260
6,499
8.750
13,634
33,924
11.118
10,891
139,694
29,849
6,630
8,763
13,738
33,997
11,206
10.910
140,839
30,309
6,843
8,849
13,759
34,033
11,473
10,957
140,963
30,531
6,460
8,942
13,554
33,893
11,823
11,077
142,233
30,558
6,751
9,032
13.631
34,221
12.071
11,112
143,560
30,713
6,913
9,093
13,744
34,733
11,985
11,195
143,840
30,595
6,701
9,113
13,768
34,980
11,859
11,317
144,318
30,836
6,815
9,132
13,850
35,188
11,584
11,388
143,724
30,538
6,800
9,155
13,804
35,247
11,296
11.465
143,566
30,453
6,782
9,141
13,394
35,354
11,246
11,611
144,089 "143.960
30,721
"30.668
"6.707
6,679
"9,162
9,170
"13.473
13,429
"35,213
35.401
"11.421
11.330
11,597
"11,559
144.552
30,753
6,809
9,197
13,558
35,188
11.514
11,594
51,890
22,002
65,185
52,498
23,102
67,966
51,750
22,374
65,328
51,880
22,578
65,236
52,060
22,611
66,168
52,528
22,645
65,790
52,962
22,643
66,628
52,782
22,957
67,821
52,914
23,075
67,851
52,838
22,963
68,517
52,415
22,924
68,385
52,498
23,102
67,966
52,505
23,106
68,478
"52,311
"23,341
"68,308
52,639
23,433
68,480
27,067
57,711
89,997
6,624
22,392
29,493
59,326
86,532
6,188
22,660
27,933
57,918
88.071
6,499
22,613
28,168
57,963
87,593
6,403
22,730
28,510
58,697
87,404
6,347
22,919
28,874
58,329
87,332
6,340
23,060
29,014
59,073
87,218
6,318
23,062
29,143
59,612
88,196
6,431
22,998
29,176
59,418
88,201
6,478
22,913
29,206
59,858
87,939
6,442
22,786
29,203
59,337
87,960
6,403
22,740
29,493
59,326
86,532
6,188
22,660
29,603
59,507
86,416
6.136
22,680
"29,830
"59,551
"87,166
"6.215
"22.865
30,353
59,877
87,195
6.371
23,283
126,107
124,033
125,105
124,832
125,298
125.430
125.705
126,331
126,265
125,675
125,016
124,033
123,702 "123,522
123,643
12,714
121,587
85,357
36,230
12,701
112,245
81,320
30,925
12,848
119,029
83,535
35,494
12,857
117,709
83,020
34,689
12,946
117,415
82,701
34,714
13,046
116,476
82,312
34,164
13,046
115,812
82,130
33.682
13,061
115,996
83,091
32,905
12,946
114,534
82,936
31,598
12,933
114,406
82,774
31,632
12,804
113,398
82,711
30,687
12,701
112,245
81,320
30,925
"12,717
12,696
111,714 "111,932
"81.773
81,226
"30,159
30,488
13,018
111,118
81,561
29,557
New orders, net (unadj.), total
Durable goods industries, total
Nondurable goods industries, total
2,805,293
1,404,750
1,400,543
2,897,532
1,466,237
1,431,295
249.552
129,515
120,037
239,643
122,551
117,092
240,441
121,808
118,633
259,174
132,795
126,379
222,388
105,043
117,345
236,506
116.081
120,425
256,610
128,327
128,283
254,719
130,449
124,270
243,504
122,785
120,719
251,033
133,421
117,612
231,502 "254,715
118,154 "134,084
113,348 "120,631
264,404
138,528
125,876
New orders, net (seas, adj.), total
By industry group:
Durable goods industries, total
Primary metals
Blast furnaces, steel mills
Nonferrous and other primary metals
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment ...
Transportation equipment
Aircraft, missiles, and parts
2,805,293
2,893,075
237,606
240,771
238,696
244,542
242,307
236,880
239,951
244,777
243,426
258.264
255,018 "258,377
254,533
1,404,750
127,631
53,713
63,264
155,748
238,988
198,231
357,473
126,216
1,464,132
130,824
55,652
63,380
158,989
249,533
212,473
364,900
104,672
120,187
10,632
4,636
5,014
12,732
20,623
16,738
31,191
10,322
122,393
11,061
4,706
5,410
12,594
20,141
17,170
32,984
10,535
119,808
11,117
4,648
5.382
12,645
20,078
17,081
30,810
8,886
123,164
11.505
4,852
5,631
13.210
21,239
17,477
31,391
9,921
119,861
11,288
4,635
5,740
12,906
20,678
18.157
27,610
7,089
119,376
11,147
4,594
5,571
13,142
20,547
17,343
28,399
7,367
119,801
9,885
4,317
4,667
13,860
21,222
18,488
26,814
6,569
125,302
10,394
4,453
4,918
13,723
20,657
18,919
32,498
10,388
123,271
10,724
4,638
5,023
13,577
21,545
18,215
29,095
6,114
135,208
11,730
5,366
5,285
14,291
22,383
19.490
36,241
9,959
132,123 "135,209
"12.307
12,509
"5.909
5,906
"5,342
5,509
"13,902
13,929
"23,521
23,112
"18,044
18.879
"36,427
33,223
"9,988
6,602
130,562
12,217
5,991
5,290
13,661
23,929
17,953
32,728
6,406
1,400,543
341,602
1,058,941
1,428,943
342,381
1,086,562
117,419
28.575
88,844
118,378
28,495
89,883
118,888
28.225
90,663
121,378
28,689
92,689
122,446
29,409
93,037
117,504
27,964
89,540
120,150
28,160
91,990
119,475
29,091
90,384
120,155
28,845
91,310
123,056
29,404
93,652
122,895
29,384
93,511
"123.168
"28.951
"94,217
123,971
28,500
95,471
182,049
648,860
448,541
104,138
169,809
201,657
659,587
467,604
118,222
184,160
15,862
53,795
39,828
9,487
14,991
16,477
54,294
38,249
9,775
15,313
16,347
54,593
39,213
9,822
15.209
16,814
56,209
39,210
9,700
15,396
17,192
56,580
37,781
9.544
15,379
16,900
53,997
36,984
9,874
15,283
16,938
56,386
38,810
9,621
15,786
17.673
54.888
40,220
10,019
15,605
17,596
55,613
38,013
10,563
15,679
18,376
57,011
44,027
11,709
16,116
18,960
56,301
40,710
11.638
16,126
"18.562
"56.217
"44,658
"12,024
"17,054
18.475
57,367
41,010
11.876
16,268
926,755
950,157
77,812
79.674
78.174
80,143
80,242
78.473
78,269
79.302
80,122
83.285
83,345
"83.779
82,737
80.283
452,000
358,342
93.658
85,943
446,836
365,368
81,468
6.714
38,893
32,163
6,730
7.269
38,002
29,901
8.101
6.905
36,323
30.469
5.854
6,952
38.120
30.953
7.167
7.388
34,926
29.296
5,630
7.161
34,615
28,153
6.462
7,266
35,741
30,571
5,170
7.635
39,104
31.665
7,439
7,634
35,356
28,597
6,759
7.550
41,999
34.044
7,955
7,633
39.153
30.355
8,798
"7.593
"40.927
"34.567
"6.360
7.326
37,816
30.982
6.834
Nondurable goods industries, total #
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
By stage of fabrication:
Materials and supplies
Work in process
Finished goods
By market category:
Home goods and apparel
Consumer staples
Machinery and equipment
Automotive equipment
Construction materials and supplies
Other materials, supplies, and intermediate
products
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
Nondurable goods industries, total
Industries with unfilled orders ?
Industries without unfilled orders 0
By market category:
Home goods and apparel
Consumer staples
Machinery and equipment
Automotive equipment
Construction materials and supplies
Other materials, supplies, and intermediate
products
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
See footnotes at end of tables.
Apr.
May 1993 •
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS
Annual
1991
STATISTICS, 1963-91
1993
1992
1992
Mar.
Apr.
May
June
July
S-5
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
1. GENERAL BUSINESS INDICATORS-Continued
MANUFACTURERS' SHIPMENTS, INVENTORIES,
AND ORDERS-Continued f t
[Millions of dollars]
Unfilled orders, end of period (seasonally adjusted)
total
By industry group:
Durable goods industries, total #
Primary metals
Blast furnaces, steel mills
Nonferrous and other primary metals
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Aircraft, missiles, and parts
469,792
447,579
22,213
500,48'
476,853
23,628
499,574
475,894
23,680
496,093
472,711
23,382
491,103
467,905
23,198
487,247
463,647
23,600
505,63
472,751
497,263
496,285
493,502
490,792
482,208
21,784
8,738
10,072
24,469
53,398
42,307
269,36;
234,666
449,714
20,427
8,214
9,362
23,497
50,739
42,884
244,034
213,511
473,964 472,87<
20,886 20,835
8,030
8,023
10,056 10,04:
24,433 23,891
53,321 52,846
41,849 41,835
263,201 263,69:
229,522 229,303
470,338
20,729
8,006
9,873
467,671'
20,943
8,127
9,958
23,492
52,302
41,759
262,627
228,277
23,423
23,037
23,299
23,411
10,076
1,244
214,466
1,689
14,004
10,249
1,341
200,435
1,616
14,056
9,274
1,260
212,773
1,676
13,961
123,368
118,244
5,691
377,920
235,027
142,893
5,552
346,811
219,290
127,521
502,265
479,724
22,54
Unfilled orders, end of period (unadjusted), total
Durable goods industries, total
Nondurable goods industries with unfilled orders ?
,
,.
Nondurable goods industries with unfilled
orders?
By market category:
Home goods and apparel
Consumer staples
Machinery and equipment
Automotive equipment
Construction materials and supplies
Other materials, supplies, and intermediate
products
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
472,249
448,958
23,29
481,18
457,579
23,602
474,918
451,723
23,195
473,628
450,798
22,830
468,300
445,942
22,358
469,792
447,579
22,213
485,883
481,749
475,862
476,248
471,51
472,751
474,748
'475,859
470,326
462,743
21,065
8,122
10,125
458,755
21,291
8,088
10,383
453,210
20,298
7,749
9,805
453,350
19,943
7,605
9,571
448,516
19,715
7,561
9,358
449,714
20,427
8,214
9,362
22,802
51,54:
41,95:
257,219
224,10;
22,5451,170
42,007
253.945
221,668
22,949
51,332
42,296
249,180
218,154
23,346
51,259
42,679
249,219
218,474
23,324
51,014
42,700
244,286
214,14!
23,497
50,739
42.884
244,034
213,511
'452,477
'22,710
'10,108
'9,704
'23.528
'51,481
'43,458
'242,163
'210,719
447,252
23,503
10,988
9,739
23,291
51,919
41,943
261,183
227,160
451,372
21,821
9,260
9,66
23.559
50,996
44.074
241,954
210,358
23,023
51,24;
42,460
238,303
207,23;
23,164
23,121
23,140
22,994
22,652
22,898
22,998
23,037
23,376
'23,382
23,074
9,43;
1,266
211,722
1,727
14,048
9,286
1,259
212,185
1,741
14,007
9,608
1,253
210,500
1,725
13,991
9,689
1,299
208,375
1,700
13,935
9,790
9,653
1,302
204,174
1,660
13,95;
10,111
1,344
204,054
1,626
10,259
10,249
1,290
205,811
1,67'
13,90;
1,330
200,454
1,641
1,341
200,435
14,075
1,616
14,056
'10,701
1,365
200,173
'1,664
'14,741
10,623
1,369
196,759
1,638
14,092
10.586
1,321
198,450
1,653
14,356
121,734
121,843
120,604
119,762
119,270
118,771
117,782
117,579
117,164
118,244
120,482 '120,737
119,77
5,139
372,241
233,698
138,543
5,314
370,961
232,703
138,258
5,201
368,841
232,569
136,272
5,193
366,074
230,692
135,382.
5,228
361,077
228,141
132,936
5,195
356,776
225,121
131,655
5,213
352,155
223,659
128.496
5,501
351,893
223,570
128,323
5,622
346,858
219,434
127,424
5,552
346,811
219,290
127,521
5,608 '5,627
345,592 r 345,662
216,945 "218.515
128,647 "127,147
5,422
341,060
214,91
126,148
62,282
57,403
58,111
54,462
52,664
48,673
58,260
58,730
57,056
56,942
49,913
51,245
54,749
59,179
52,987
52,462
47,612
55,557
7,741
8,437
2,196
2,257
1,057
1,157
570
648
1,430
1,635
567
491
'1,992.0 12,020.2 13,932.0
2,551.7 1,057.6
629.6
190.3
2,756.9
197.9
180.4
1,938.3
520.9
483.3
799.6
635.9
125.4
95.2 4,499.7
8,580
2,406
1,091
629
1,628
586
7,923
2,317
973
7,522
2,114
7,959
2,249
1,004
564
1,545
549
7,123
3,575.0
997.2
320.3
325.4
345.8
231.7
9,031.7
7,863.0
861.9
138.7
404.4
3,982.9
1,126.3
111.4
238.9
246.6
138.7
474,838 '477,52'
452,142 '454,419
22,696 '23,108
r
14,534
BUSINESS INCORPORATIONS @
[Number]
New incorporations (50 States and DC):
Unadjusted
Seasonally adjusted
628,567
INDUSTRIAL AND COMMERCIAL FAILURES @
[For failures, number; for liabilities, millions of dollars]
Failures, total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
88,140
22,852
11,963
7,006
17,242
6,170
Liabilities (current), total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
96,825.3
13,967.0
5,156.2
8,754.4
6,972.2
4,370.4
96,857
26,821
12,380
7,504
19,005
6,726
91,289.4
12,322.5
5,042.4
8,681.3
8,203.8
8,427.1
'9,143
'2,503
'1,186
'736
'1,849
'623
'6,322.2
'997.5
'380.5
'655.1
'536.5
'307.1
8,643
2,473
1,110
626
1,683
565
611
1,573
551
732.1
159.1
1,901.0
1,394.6
1,740.0
943
572
1,432
525
3,215.7
744.6
138.0
169.3
346.3
206.6
3,219.0
311.8
1,931
858
550
1,455
481
6,850
1,915
799
523
1,300
435
8,136.8
649.7
128.8
1,253.7
920.1
73.1
7,654
2,122
901
588
1,487
574
6,174.9
792.5
137.9
1,304.5
1,860.5
538.8
7,062
2,067
870
513
1,301
492
2,406.7
825.4
158.4
175.9
202.5
296.2
4,343.0
852.4
669.1
701.7
250.2
561.3
8,422
2,218
1,064
1,705
1,495
587
Failure annual rate, number per 10,000 concerns .
2. COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS t
[1910-14=100]
665
637
661
644
643
640
630
633
631
633
623
628
634
640
'647
Feed grains and hay
Food grains
Fruit
Tobacco
558
675
553
371
316
969
1,559
525
'762
'446
'364
382
'680
1,517
579
1,024
425
390
417
825
1,648
546
'747
'448
'389
408
'763
1,409
533
613
441
393
407
753
1,409
528
600
480
390
382
718
1,409
506
681
467
369
354
566
1,348
505
773
454
348
339
599
1,439
506
778
444
343
358
589
1,587
501
826
445
330
358
581
1,582
499
702
431
329
366
628
1,591
510
835
458
328
368
599
1,587
508
823
445
337
374
540
1,565
509
882
447
335
368
503
1,622
502
'767
'469
'347
'363
'438
'1,622
Livestock and products #
Dairy products
Meat animals
Poultry and eggs
776
749
1,047
283
755
801
'994
266
745
764
998
254
'748
764
'1,003
253
758
789
1,011
257
757
807
1,000
259
760
820
996
267
768
826
1,007
272
762
826
994
273
111
820
1,016
273
752
801
973
290
751
783
984
282
766
764
1,022
279
778
752
1,053
275
'799
'746
'1,083
297
Prices received, all farm products
Crops #
Commercial vegetables
Cotton
Prices paid:
Production items
All commodities and services, interest, taxes, and
wage rates (parity index)
Parity ratio §
,
661
530
1,015
459
358
358
493
1,457
798
759
1,075
298
1,004
1,006
1,006
1,012
1,011
1,019
1,038
1 298
1 317
1 317
1 324
1 323
' 1 337
1,355
51
48
50
49
49
49
48
48
48
48
47
47
47
134.3
138.2
137.0
137.3
137.6
138.1
138.4
138.8
139.1
139.6
139.8
139.8
140.3
140.7
141.1
136.2
140.3
139.3
139.5
139.7
140.2
140.5
140.9
141.3
141.8
142.0
141.9
142.6
143.1
143.6
141.6
144.0
133.5
136.1
133.8
137.3
140.8
137.5
136.2
139.5
136.5
136.6
139.7
136.7
136.9
140.1
136.9
137.2
140.7
137.4
137.3
141.1
137.6
137.7
141.4
138.0
138.4
141.8
138.4
138.9
142.4
138.8
139.2
142.7
139.0
139.1
142.5
138.9
139.5
143.1
139.5
140.0
143.7
140.0
140.5
144.2
140.4
140.9
144.6
140.8
CONSUMER PRICES
[1982-84=100]
Not seasonally adjusted:
All items, wage earners and clerical workers (CPIW)
All items, all urban consumers (CPI-U)
Special group indexes:
All items less shelter
All items less food
All items less medical care
See footnotes at end of tables.
S-6 • May 1993
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS
STATISTICS, 1963-91
Annual
1991
1993
1992
1992
Mar.
Apr.
May
June I
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
2. COMMODITY PRICES-Continued
CONSUMER PRICES-Continued
[1982-84=100, unless otherwise indicated]
Not seasonally adjusted—Continued
All items ()
(CPI-U)—Continued
C d i i
Commodities
Nondurables
Nondurables less food
Durables
Commodities less food
Services
129.3
133.0
127.9
118.5
124.3
153.0
129.9
133.8
129.1
118.5
125.1
153.2
130.3
134.2
129.8
119.2
125.7
153.7
130.5
134.2
129.8
120.0
126.1
154.0
130.1
133.6
128.5
120.1
125.3
154.2
130.4
133.9
128.1
120.0
125.1
155.2
130.9
134.7
129.4
120.0
125.8
155.8
131.4
135.3
130.3
120.2
126.4
156.2
131.9
135.8
130.9
120.6
127.0
156.5
138.0
136.9
138.5
137.4
138.3
137.2
138.3
137.0
138.7
137.5
139.8
139.1
139.9
139.1
140.1
139.4
136.7
150.2
146.3
154.4
116.8
137.4
136.1
137.7
151.1
146.6
155.0
119.0
129.0
132.5
127.8
118.6
124.3
152.5
137.2
135.7
138.3
151.8
147.0
155.5
119.4
138.6
152.3
147.0
155.8
119.4
138.4
151.9
147.2
156.0
119.8
138.5
152.5
148.0
156.8
118.5
138.5
152.4
148.6
157.2
118.3
138.5
152.5
148.6
157.5
118.7
139.3
153.7
148.9
158.2
119.2
139.7
154.4
149.1
158.5
118.4
140.2
154.8
149.1
158.7
119.5
140.6
140.0
140.4
155.0
149.7
159.2
119.6
89.9
111.3
118.0
113.0
117.9
90.1
117.4
118.2
90.0
117.6
118.4
89.7
117.5
118.3
89.7
118.5
118.3
91.4
115.4
118.4
92.1
114.8
118.5
91.8
115.6
118.2
92.3
115.9
118.2
92.5
113.8
118.6
92.8
115.1
118.7
92.6
115.3
119.2
133.4
124.4
122.2
128.2
115.7
153.5
187.3
133.3
125.2
122.9
128.2
117.9
154.7
188.1
133.1
126.3
124.3
128.4
120.5
151.6
188.7
131.0
126.9
125.4
128.2
123.1
145.3
189.4
129.2
127.2
125.5
127.8
124.8
148.3
190.7
130.2
126.9
125.4
127.6
126.4
146.7
191.5
133.3
126.8
125.4
127.4
127.7
145.6
192.3
135.0
128.0
126.1
128.2
129.1
152.9
193.3
134.5
129.2
127.0
129.7
129.9
157.4
194.3
131.4
129.0
126.7
130.5
129.0
158.2
194.7
129.7
129.1
126.6
130.9
127.4
161.6
196.4
133.4
129.2
126.5
130.9
126.0
164.1
198.0
136.2
129.0
126.3
130.9
126.6
163.5
198.6
136.9
129.4
126.8
131.1
128.7
162.8
199.4
.4
128.5
123.4
138.0
137.1
.3
128.6
123.6
138.1
137.1
.2
129.1
124.5
137.6
136.0
.3
129.4
125.0
137.5
135.8
.2
129.6
124.9
138.3
137.0
.1
129.7
124.9
138.7
137.5
.1
130.2
125.3
139.2
138.1
.5
130.8
126.0
139.7
138.6
.3
131.3
126.7
139.9
138.9
130.8
132.":
132.7
132.4
135.0
126.5
125.1
128.3
127.1
125.6
128.5
126.9
125.5
128.9
127.8
126.0
129.2
132.3
128.4
126.2
129.4
133.0
126.1
124.3
128.1
131.9
126.9
125.6
129.2
131.9
125.9
123.8
127.9
128.5
126.3
129.5
129.3
126.9
129.8
129.9
127.4
129.8
.1
131.4
126.8
140.1
139.0
134.3
130.0
127.6
130.1
.4
131.8
127.0
140.6
139.6
131.5
125.4
123.4
127.5
.4
130.0
125.3
138.7
137.5
132.4
.2
130.1
125.4
138.8
137.5
Apparel and upkeep
Transportation
Private
New cars
.1
128.8
124.1
137.5
136.1
131.8
134.3
130.2
127.8
130.7
Services
150.6
151.1
151.4
151.8
152.2
152.6
152.9
153.7
154.2
154.7
155.3
155.8
156.2
156.9
116.1
116.3
117.2
118.0
117.9
117.7
118.0
118.1
117.8
117.6
118.0
118.2
118.7
101.1
102.6
103.6
Food#
Food at home
Housing
Shelter #
Rent, residential
Homeowners' cost, Dec. 1982=100
Fuel and other utilities #
Fuel oil and other household fuel
commodities
Gas (piped) and electricity
Household furnishings and operation
Apparel and upkeep
Transportation
Private
New cars
Used cars
Public
Medical care
Seasonally adjusted
All items, percent change from previous month or
year
Commodities
Commodities less food
Food
Food at home
126.6
130.3
124.5
116.0
121.3
146.3
129.1
132.8
127.6
118.6
124.2
152.0
128.4
132.1
126.2
117.9
123.0
150.7
128.8
132.4
126.8
118.2
123.5
150.8
136.3
135.8
137.9
136.8
138.1
137.5
138.1
137.4
129.1
132.8
128.0
118.4
124.4
150.9
137.4
136.2
133.6
146.3
143.3
150.2
115.3
137.5
151.2
146.9
155.3
117.8
136.6
150.4
146.4
154.1
115.8
136.5
150.2
146.2
154.2
115.8
94.6
112.6
116.0
90.7
114.8
118.0
90.5
111.5
117.7
128.7
123.8
121.9
125.3
118.1
148.9
177.0
131.9
126.5
124.6
128.4
123.2
151.4
190.1
'4.2
3.0
129.2
132.8
128.1
118.5
124.5
151.7
PRODUCER PRICES §
[1982=100 unless otherwise indicated]
Not seasonally adjusted:
All commodities
By stage of processing:
Crude materials for further processing
Intermediate materials, supplies, and
components
Finished goods #
Finished consumer goods
Capital equipment
By durability of product:
Durable goods
Nondurable goods
Total manufactures
Durable manufactures
Nondurable manufactures
Farm products, processed foods and feeds .
Farm products
Foods and feeds, processed
Industrial commodities
Chemicals and allied products
Fuels and related prod., and power .,
Furniture and household durables
Hides, skins, and leather products ....
Lumber and wood products
Machinery and equipment
Metals and metal products
Nonmetallic mineral products
Pulp, paper, and allied products
Rubber and plastics products
Textile products and apparel
Transportation equipment #
Motor vehicles and equipment
116.5
101.2
114.4
121.7
120.5
126.7
117.2
r
100.4
97.9
98.8
101.2
102.1
101.7
100.6
102.4
101.9
101.8
' 100.9
101.4
114.7
123.2
113.6
122.2
120.4
128.9
113.8
122.4
120.7
129.1
114.5
123.2
121.7
129.0
115.4
123.9
122.6
128.9
115.5
123.7
122.4
128.8
115.5
123.6
122.2
128.9
115.8
123.3
122.2
128.1
115.4
124.4
122.9
130.2
115.0
124.0
122.4
130.2
'114.8
123.8
'1222
' 130.2
115.3
124.0
122.3
130.4
115.5
124.3
122.6
130.9
115.9
124.6
123.0
130.9
116.2
125.3
123.9
130.9
124.2
110.1
119.2
124.1
114.3
124.3
110.6
119.7
124.2
115.1
124.4
112.0
120.3
124.2
116.3
124.3
113.3
120.6
124.2
117.0
124.3
113.1
120.5
124.2
116.7
124.4
112.7
120.4
124.3
116.4
124.1
113.5
120.4
124.0
116.8
125.0
113.1
120.9
125.0
116.8
124.8
112.6
120.8
124.9
116.6
'125.1
112.2
120.5
'125.1
116.0
125.5
112.5
120.9
125.4
116.4
126.1
112.5
121.4
126.0
116.9
126.3
113.1
121.8
126.3
117.3
126.6
113.8
122.3
126.6
118.1
116.7
106.4
121.8
115.9
124.4
75.8
121.9
139.8
145.7
123.6
119.4
117.3
144.4
114.3
117.7
130.0
124.9
115.8
103.2
122.0
116.4
117.0
105.8
122.5
116.9
104.7
123.0
115.8
102.5
122.4
115.4
102.2
122.1
115.3
101.6
122.1
115.4
102.7
121.8
115.0
101.8
121.6
'116.2
'103.7
r
122.4
116.2
104.3
122.1
116.2
104.4
122.1
118.9
109.4
123.5
117.3
125.2
79.7
122.1
140.7
147.6
123.4
119.5
116.9
145.2
114.9
117.7
130.2
124.7
118.2
118.3
126.4
83.3
122.2
140.1
145.3
123.1
120.0
117.1
145.2
115.2
117.8
130.2
124.4
118.1
126.7
82.8
122.2
140.8
145.4
123.2
120.2
117.4
145.4
115.3
117.8
130.0
123.9
118.5
127.0
84.4
122.4
140.9
148.7
123.2
119.6
117.4
145.8
115.5
118.0
128.5
121.3
118.6
127.1
83.2
122.3
141.0
148.7
123.3
118.8
117.4
146.1
115.7
118.1
132.3
127.1
118.3
127.5
82.1
122.6
140.6
149.5
123.4
118.2
117.7
145.9
115.8
118.0
132.2
127.1
117.9
118.3
126.0
83.2
122.2
140.8
146.3
123.2
119.6
117.0
145.1
115.0
117.9
130.1
124.3
'127.0
'79.7
122.6
' 142.0
r
154.4
'123.5
118.5
117.8
' 145.9
'1157
118.0
'132.1
'126.9
127.5
79.7
122.5
143.7
160.1
123.7
118.9
118.2
146.4
116.7
118.1
132.2
126.9
118.6
128.2
79.2
122.9
142.6
168.9
123.9
119.2
118.6
146.7
116.4
118.0
132.7
127.5
117.3
106.3
122.8
118.9
127.6
79.8
123.0
143.0
177.5
123.9
119.0
118.7
147.3
115.6
118.1
132.8
127.6
119.2
128.5
80.1
123.2
143.8
182.3
123.9
118.6
119.4
147.4
115.8
118.1
133.0
127.6
'1217
129.1
122.9
111.7
119.0
122.7
115.2
'124.4
116.4
105.7
121.9
116.5
115.9
103.6
'122.1
117.4
125.6
81.2
121.2
138.9
132.0
123.0
120.3
117.2
143.0
115.2
116.3
126.4
122.1
125.9
80.4
122.2
140.4
146.6
123.3
119.2
117.3
145.2
115.1
117.8
130.4
124.9
Seasonally adjusted:
Finished goods, percent change from previous
month or year
By stage of processing:
Crude materials for further processing
Intermediate materials, supplies, and
components
Finished goods #
Finished consumer goods
Foods
Finished goods, exc. foods
Durable
Nondurable
Capital equipment
120!i
124.3
115.8
124.8
77.1
122.0
139.9
147.5
123.4
119.6
116.9
144.9
114.6
117.8
130.2
124.8
1.2
97.1
98.1
100.1
101.5
101.6
100.9
103.0
102.7
102.6
'101.5
101.9
101.4
101.8
103.0
113.9
122.5
120.9
123.0
119.8
125.7
115.9
128.8
114.1
122.8
121.
122.6
120.3
125.9
116.5
129.1
114.5
123.2
121.6
122.5
121.0
125.8
117.6
129.2
115.3
123.5
122.1
122.8
121.5
125.5
118.4
129.1
115.3
123.5
122.1
122.7
121.6
126.0
118.4
129.2
115.3
123.6
122.1
123.6
121.2
126.3
117.7
129.5
115.5
123.9
122.5
124.1
121.5
126.0
118.3
129.5
115.2
124.0
122.6
124.2
121.8
125.3
118.9
129.3
114.9
123.8
122.3
123.5
121.6
125.9
118.4
129.5
'114.9
123.8
122.3
r
125.1
120.9
126.0
117.4
' 129.7
115.3
124.0
122.5
123.9
121.6
126.6
118 1
130.0
115.9
124.5
123.0
123.8
122.4
127.1
118.9
130.6
116.3
125.0
123.5
124.4
122.9
127.4
119.6
130.8
116.5
125.7
124.3
126.2
123.3
128.0
119.9
131.0
.818
718
.817
.717
.812
.716
.807
.713
.811
.708
.805
.705
.808
.705
.806
.701
.805
.712
.697
.798
.695
PURCHASING POWER OF THE DOLLAR
As measured by:
Producer prices, 1982=$1.00
Consumer prices, 1982-84=$1.00 ...
See footnotes at end of tables.
.822
.734
.812
.713
May 1993 • S-7
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS
STATISTICS, 1963-91
1992
Annual
1991
1992
Mar.
Apr.
May
June
July
1993
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Apr.
Mar.
3. CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE ?
[Millions of dollars]
New construction (unadjusted), total
Private, total #
Residential
New housing units
Nonresidential buildings, except farm and public
utilities, total #
Industrial
Commercial
Public utilities:
Telecommunications
Public, total #
Buildings (excl. military)*
Housing and redevelopment
Industrial
Military facilities
Highways and streets
400,956
290,706
157,835
110,592
97,84
22,280
48,480
30,723
33.98
36.665
38,965
39.650
40,765
39,879
37,412
33.243
'29.36'
'29,29!
183.208
'129,992
22,626
12,424
9,299
24,934
14,602
10,25'
26.344
15,98'
10,919
28,260
17,28
11,71'
28.263
17,539
12,085
28,58
18,1212,468
28,412
17,534
12,428
28,852
17.909
12,451
27,365
16,838
12,039
24,506
14.444
10,320
'22.21!
'13,166
'9.4T
'22,068
'12,544
'8.87(
24,335
14,592
10,323
85,507
20,173
40,417
7,182
1,886
3,30
7,071
1,74
3,268
7.12'
1,768
3,286
7,663
1,767
3,710
7,406
1,72'
3,518
7,153
1,55
3,432
7,47
1,659
3,634
7,527
1,647
3,617
7.22'
1,603
3,454
6,739
1,626
3,066
5.99!
1,372
2.788
'6,42$
'1,48$
-3,015
6.57
1.588
2,908
730
10,04;
4,122
254
159
218
3,033
839
'666
74£
8,73;
3,820
233
176
207
2,002
'7.148
'3,470
2V
'14'
'205
1,259
'7,222
'3.524
'24'
'135
202
'1,294
'426.657
'308,246
8,816
9,184
110,249
50,475
3,496
1,823
1,83^
29,918
'118,409
'52,928
'3.275
'1,885
'2,484
32.759
739
78
8.097
4,167
9,047
4,375
297
162
212
1.478
290
145
194
2,062
10.32'
4.709
266
147
222
2,869
775
10,705
4,588
279
728
798
829
11.387
5,006
292
12,184
5,050
291
12.083
4,809
246
11,027
4,513
252
134
149
203
4,098
213
264
4,100
157
203
3,598
77!
160
209
3,320
198
3,45
7,816
3.768
216
168
198
1.602
[Billions of dollars]
New construction (seasonally adjusted at annual
rates), total
421.5
427.6
428.0
426.:
425.7
419.6
429.3
432.3
436.1
439J
Private, total #
Residential
New housing units
Nonresidential buildings, except farm and public
utilities, total #
Industrial
:
Commercial
Public utilities:
Telecommunications
301.
172;
125.9
309.8
182.6
128.8
307.0
182.9
128.1
312.;
184.6
128.
305.8
181
302.0
184.
129.1
308.8
186.3
131.'
315.9
192.6
134.9
317.5
194.8
137.3
320.
198.5
90.6
23.
87.4
21.3
40/
85.6
21.0
39.6
88.8
20.3
43.3
79,
17.9
37.0
83.3
19.0
39.3
84.3
18.6
40.2
84
19.1
40.4
9.5
10.7
8.9
8.9
9.1
9.0
9.2
8.1
9.5
Public, total #
Buildings (excl. military) #
Housing and redevelopment
Industrial
Military facilities
Highways and streets
120.4
55.4
3.6
1.9
2.5
30.9
117.8
53.2
3.5
1.7
2.
31.4
121.0
56.
3.2
1.8
2.
32.6
114.5
51.6
3.3
1.
2.
31.5
119.9
54.3.5
1.6
2.4
32.
117.6
51.9
3.5
1.8
2.4
33.5
120.5
52.9
2.9
2.6
3.2
34/
116.4
53.1
3.0
1.9
2.4
32.1
118.
50.;
3.0
1.9
2.6
34.6
119.;
49.6
2.8
2.1
2.5
31.2
'113.6
'48.6
2.6
22,037
99
'23.344
99
19,787
91
23,409
95
21.678
'94
20.170
93
20,566
96
23,836
105
16,530
98
6,037
14,133
6,586
13,979
7,198
16,638
42.1
126.9
20.6
40.0
140.;
82.6
18.
38.
'446.4
442.
'327.8
'204.8
140.6
'331.5
'205.0
'140.7
327.
204.
140.6
'82.
'18.8
39.3
'86.1
'19.
'41.2
83.3
19.5
38.0
'10,
10.0
1.8
2.5
'29.8
'114.9
'48.0
'3.0
1.6
2.4
'31.3
115.0
49.6
2.6
2.0
2.'
32.0
16.387
'95
16,380
'103
16,31:
97
21.521
'95
22.098
94
5,318
11,21,
4,719
11,668
5,303
11,076
5,780
10,532
6,943
14,579
7,299
14,798
CONSTRUCTION CONTRACTS
[Millions of dollars, unless otherwise indicated]
Construction contracts (F.W. Dodge Division,
McGraw-Hill):
Valuation, total
Index (mo. data seas, adj.), 1987=100 §§ ...
Public ownership
Private ownership
By type of building:
Nonresidential
Residential
Non-building construction
New construction planning (Engineering NewsRecord) §
221,230
'89
238,953
97
74,422
146,806
74,892
164,059
7,770
14,266
'6,726
'16,618
6,101
13,686
7,492
15,917
7,074
14,603
76,898
96,353
47,978
79,331
109,590
50,033
7,091
9,801
5,145
'7,788
'10,378
'5,178
5,893
9,481
4,413
8,04;
10,729
4,638
7.073
9.874
4,731
6,662
9,167
4,341
6,764
9,597
4,205
8,336
10,925
4,575
5.622
7,740
3,168
5,262
8,092
3,033
5,146
7,092
4,142
5,056
7,413
3,842
6,486
10,080
4,956
6.479
10,815
4,803
1,013.9
840.4
1,199.7
1,029.9
111.6
90.9
107.6
93.5
115.2
100.
117.8
102.7
106.;
93.;
109.9
91.8
106.0
91.4
111.8
96.1
84.5
74.8
78.6
67.9
70.5
62.8
'74.6
65.5
'97.0
'86.6
120.1
106.2
1,318
1,050
1,095
939
1,197
1,019
1,141
994
1,106
961
1,229
1,038
1,218
1,045
1,226
1,079
1,226
1,089
1.286
1,133
1,171
1,051
'1,180
'1,036
M.13"
' 1,000
1,213
1,063
' 1,040
'858
'1,053
'877
'1,048
'878
' 1,083
'1,081
'885
'1,120
'1,141
'954
'1,136
'963
'1,196
'1,037
'1,157
'972
' 1 141
'957
'1,034
'871
1,094
919
17.0
189
18.2
194
18.0
211
19.1
198
19.8
219
21.6
226
18.5
244
17.5
266
17.2
267
18.
262
21.0
247
111.1
111.3
111.7
112.0
112.0
112.5
111.9
112.5
112.5
112.9
113.1
113.5
113.4
113.8
113.7
114.4
113.9
114.6
114.5
115.1
115.5
116.1
427.1
472.0
431.5
475.4
HOUSING STARTS AND PERMITS
[Thousands]
New housing units started:
Unadjusted:
Total (private and public)
Privately owned
One-family structures
Seasonally adjusted at annual rates:
Total privately owned
One-family structures
New private housing units authorized by building
permits (17,000 permit-issuing places):
Monthly data are seas. adj. at annual rates:
Total
One-family structures
'946
754
'1,099
918
'1,082
170.9
210.3
16.1
197
Bureau of the Census, 1987=100:
Composite fixed-weighted price index *
Implicit price deflator *
111.2
111.8
111.8
112.3
110.9
110.9
Boeckh indexes, 1987=100 0:
Average, 20 cities:
Apartments, hotels, office buildings © ....
Commercial and factory buildings ©
Residences ©
112.0
114.2
113.0
114.9
117.4
116.7
114.1
116.6
115.4
Engineering News-Record, 1967=100:
Building
Construction
407.2
450.1
419.4
464.1
414.4
458.6
Federal Highway Adm.—Highway construction,
1987=100:
Composite (avg. for year or qtr.)
107.5
Manufacturers' shipments of mobile homes:
Unadjusted
Seasonally adjusted at annual rates
CONSTRUCTION COST INDEXES
See footnotes at end of tables.
102.9
111
111.3
117.4
117.7
116.9
115.8
117.1
116.1
415.9
460.5
418.6
462.2
420.0
462.9
421
464.7
115.3
117.8
117.4
422.4
468.5
422.8
469.4
99.9
115.7
117.9
118.3
424.4
470.3
425.2
470.9
116.6
118.4
118.9
425.5
471.0
427.2
472.1
2
:
440.5
481.0
S-8 • May 1993
SURVEY OF CURRENT BUSINESS
Annual
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS
1992
1991
STATISTICS, 1963-91
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Apr.
Dec.
3. CONSTRUCTION AND REAL ESTATE-Continued
REAL ESTATE 0
[Thousands of units]
Mortgage applications for new home construction:
FHA applications
Seasonally adjusted annual rates .
98.0
94.1
10.1
101
9.4
99
7.9
86
7.7
83
8.8
101
7.5
94
7.1
90
7.3
96
7.1
110
6.5
95
5.7
84
7.0
90
7.7
73
8.2
83
46,990.04
48,315.15
3,559.84
3,620.34
3,910.67
4,603.26
4,797.76
4,588.95
4,319.72
3,497.24
3,914.13
4,730.80
4,937.40
5,160.00
6,492.00
5.076.00
79,065
79,881
76,275
76,008
76,409
76,860
76,194
77,078
80158
79,349
80,954
79,881
79,327
82,260
84,970
88,602
143 674
21 916
19 609
16 384
16 350
14 427
15 723
18 823
12,261
2
125,594
2
5,819
1,138
20.230
540
1,348
17,797
463
1,314
14,642
428
1,371
14,401
577
1.288
12,692
447
1,110
14,177
436
1,175
16,344
1,305
Requests for VA appraisals
Seasonally adjusted annual rates
[Millions of dollars]
Home mortgages insured or guaranteed by:
Fed Hous Adm • Face amount
Vet. Adm.: Face amount *j
Federal Home Loan Banks, outstanding advances to
member institutions, end of period
New mortgage loans of SAIF-insured institutions,
estimated total @
By purpose of loan:
Home construction
Home purchase
All other purposes
2
4. DOMESTIC TRADE
ADVERTISING
[Millions of dollars]
.
Magazine advertising (Leading National Advertisers):
Cost, total
Apparel and accessories
Automotive, incl. accessories
Building materials
Drugs and toiletries
Foods, soft drinks, confectionery
Beer, wine, liquors
Houshold equipment, supplies, furnishings
Industrial materials
Soaps, cleansers, etc
Smoking materials
Allother
Newspaper advertising expenditures (Newspaper
Advertising Bureau, Inc.):
Total
Classified
National
Retail
30,348
10,587
3,924
15,838
30,667
10,759
3,835
16,073
'1,771,614
- 859,492
-912,122
1,828,041
904,522
923,519
155,919
77,657
78,262
152,207
75,277
76,930
146,801
71,534
75,267
156,221
79,133
77,088
155,906
76,869
79,037
152,291
75,870
76,421
157,384
78,780
78,604
163,877
82,073
81,804
150,562
75,185
75,377
156,341
77,587
78,754
145,650
71,901
73,749
-143,500
-72,246
-71,254
167.535
84,890
82,645
- 202,509
- 127,357
"75,152
210,419
132,650
77,769
203,569
128,532
75,037
203,263
129,870
73,393
199,866
129,666
70,200
202,282
130,698
71,584
202,882
131,408
71,474
200,923
131,493
69,430
201,722
131,206
70,516
207,292
131,792
75,500
209,844
132,688
77,156
210,419
132,650
77,769
214.152
134,061
80,091
-212,595
-134,533
-78,062
213.494
135,997
77,497
1,865,477
1,962,423
705,096
154,738
56,463
159,068
165,756
164,627
166,011
166,341
160,612
168,729
167,175
204,100
148,525
58,709
60,479
62,783
62,095
59,579
59,501
60,629
56,691
67,850
52,647
-145,341 -164,893
-52,415 -61,538
169,607
64,562
103,031
95,229
368,943 398,067
98,612 105,844
1,211,577 1,257,327
228,473 247,354
376,892 384,013
134,100 133,000
97,464 104,994
196,875 201,866
75,883
77,285
23,990
25,619
7,939
33,479
8,235
98,275
17,872
30,807
10,376'
7,573
16,766!
6,365
1,8741
9,092
34,433
8,078
9,926
34,722
8,220
9,843
36,699
8,505
8,971
9,503
33,705
36,177
8,746 • 8,714
9,107
34,097
8,565
9,198
34,662
8,975
7,982
30,615
9,472
8,282
31,120
12,654
6,841
30,168
8,611
100,359
18,737
31,340
10,539
8,444
16,450
6,511
1,940
105,277
19,976
32,868
11,475
8,486
17,521
6,420
2,169
101,844
18,779
32,107
11.6551
8,115
16,779 i
6,273
2,140i
103,916
18,537
33,656
11,940'
8,100
17,225
6,266
2,265
106,762
20,507
32,672
11,886
9,374
17,808
6,276
2,214
101,111
18,734
31,279
11,279
8,491
16,590
6,056
2,109!
108,100
20,950
32,497
11,670
9,114
17,658
6,405
2,212
110,484
25,086
31,450
11,087
9,815
16,578
6,134
2,173
136,250.
37,290
34,958
11,237
14,876
17,251
8,066
2,893
95,878
16,098
31,404
10,402
6,687
15,947
6,152
1,873
9,470
39,032
8,573
105,045
20,212
32,084
11,065
8,831
17,442
6,641
"160,048
-160,182
161,282
161,133
162,316
163,224
164,211
167,603
167,291
169,155
169,232
- 57,281
-57,073
57,553
57,777
58,352
58,369
59,172
61,051
60,610
61,873
62,216
-6,962 -8,278
-30,757 -37,274
-8,029 -8,939
-92,926 -103,355
-16,345 -19,085
-29,498 -31,888
-10,003 -10,966
-6,489 -7,829
-15,381 -17,184
-6,202 -6,648
-1,770
1,891
-169,116 -167,720
-60,978 -60,775
"8,544
-6,176
-8,593
6,146
-1,043
8,598
6,168
1,073
8,387
6,032
1,056
8,437
6,106
1,079
8,384
6,097
1,092
8,618
6,269
1,089
8,745
6,348
1,074
8,623
6,229
1,078
6,504
1,072
8,943
6,471
1,069
32.407
32.619
32.881
32,789
33,282
34.924
34,671
29.960
2,829
8,788
4,618
3,377
30,419
2,863
31.979
2.945
31,746
2,925
32.024
2,928
8,812
4,604^
3,394
9.019
4,622
3,550
9,081
4,633
3.601
9.429
4.828
3,617
7,756
2,594
1,085
4,077
8,784
3,201
879
4,703
7,465
2,699
914
3,852
WHOLESALE TRADE f
[Millions of dollars]
Merchant wholesalers sales (unadj.), total
Durable goods establishments
Nondurable goods establishments
Merchant wholesalers inventories, book value (nonLIFO basis), end of period (unadj.), total
Durable goods establishments
Nondurable goods establishments
RETAIL TRADE *
[Millions of dollars]
All retail stores:
Estimated sales (unadj.), total
Durable goods stores #
Building materials, hardware, garden supply,
and mobile home dealers
Automotive dealers
Furniture, home furnishings, and equipment ...
Nondurable goods stores
General merch. group stores
Food stores
Gasoline service stations
Apparel and accessory stores
Eating and drinking places
Drug and proprietary stores
Liquor stores
Estimated sales (seas, adj.), total
Durable goods stores #
Bldg. materials, hardware, garden supply, and
mobile home dealers #
Building materials and supply stores
Hardware stores
Automotive dealers
Motor vehicle and miscellaneous auto
dealers
Auto and home supply stores
Furniture, home furnishings, and equipment #
Furniture, home furnishings stores
Household appliance, radio, and TV stores
See footnotes at end of tables.
653,900
-1,053
-32.280
-29.429
-2.851
-29.284
-2,779
29.618
2,789
29.816
2,803
30.036
2,845
-8.602
-4.439
-3,342
-8.513
-4.408
-3,309
8.503
4,446
3.272
8,619
4.547
3.280
8.770
4.625
3,331
32.329
2,945
9.398
4.732
3.689
r
8,974 -8,766
-6,590
6,499
1,058
-1,058
-34,731 -34.868
-31.682
-3.049
-9.182
-4.628
-3,621
-31.938
-2,930
-9.142
4.576
3,622
169,700
62,087
8,834
35.908
32.917
2,991
9.072
May 1993 • 5-9
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS
STATISTICS, 1963-91
1992
Annual
1991
1992
Mar.
Apr.
May
June
1993
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
106,552
21,074
106,681
21,111
107,282
20,981
107,016
21,623
"108,138
"21,638
"106,945
"21,164
Apr.
4. DOMESTIC TRADE-Continued
RETAIL TRADE t-Continued
[Millions of dollars—Continued}
All retail stores—Continued
Estimated sales (seas, adj.)—Continued
Nondurable goods stores
General merch. group stores
Department stores excluding leased
departments
Variety stores
"102,767 "103,109
"19,997
"20,038
Food stores
Grocery stores
Gasoline service stations
Apparel and accessory stores #
Men's and boys' clothing and furnishings
stores
Women's clothing, specialty stores, and
furriers
Shoe stores
Eating and drinking places
Drug and proprietary stores
Liquor stores
Estimated inventories, end of period:
Book value (non-LIFO basis), (unadjusted), total
Durable goods stores #
Bldg. materials, hardware, garden supply,
and mobile home dealers
Automotive dealers
Furniture, home furnishings, and equipment
Nondurable goods stores #
General merch. group stores
uepanment siotBo exciuoing leaseo
departments
Food stores
Apparel and accessory stores
Book value (non-LIFO basis), (seas, adj.), total ..
Durable goods stores #
Bldg. materials, hardware, garden supply,
and mobile home dealers
Automotive dealers
Furniture, home turn., and equipment
Nondurable goods stores #
General merch. group stores
Department stores excluding leased
departments
Food stores
Apparel and accessory stores
Firms with 11 or more stores:
Estimated sales (unadj) total
103,729
20,155
103,356
20,180
103,964
20,461
104,855
20,757
105,039
20,871
16 491
107,613
21,622
"15,151
"569
"15174
"562
15 322
555
538
531
534
543
540
548
525
"16 296
"534
"15835
560
"31,532
29,684
"10,980
"31,807
"29,902
" 11,024
31,647
29,723
11,195
31,785
29,838
11,207
31,930
29,979
11,232
32,197
30,254
11,088
31,815
29,865
11,058
32,195
30,227
11,072
32,306
30,408
11,054
32,683
30,536
11,082
32.543
30,504
11,173
"32.887
"30,864
"11,537
"32 267
"30,322
"11,519
32,372
30,412
11,647
"8,370
"8,400
8,583
8,639
8,774
8,749
8,835
8,967
9,037
9,120
9,100
"8,900
"8,524
8,752
"775
"758
767
771
761
757
749
758
758
752
763
"768
741
"3,044
"1,460
"3,072
"1,454
3,243
1,489
3,136
1,493
3,108
1,508
3,181
1,500
3,200
1,490
3,244
1,475
3,276
1,435
3,362
1,413
3,392
1,392
"3,275
1,396
3 079
1,351
"16,850
"6,468
"2,057
"16,516
"6,511
"2,084
16,623
6,465
2,141
16,026
6,427
2,134
16,083
6,433
2.137
16,550
6,457
2,162
16,843
6,395
2,204
17,363
6,437
2,230
17414
6,311
2,199
17,549
6,282
2,135
17,315
6,442
2,097
"17,205
"6.662
"2.080
"17,253
"6,641
2,049
15310
15 531
15717
15 809
15 987
16 060
16 006
242,150
120,954
256,642
132,710
246,155
122,932
250,849
125,972
248,822
126,098
248,060
125,688
250,363
124,561
249,860
122,981
256,592
124,662
270,282
130,497
276,098
134,966
256,642
132.710
254,569
131,189
"259,815
"134,725
268,487
139,359
16,911
62,344
18,746
18,088
67,551
21,330
18,749
62,471
18,806
19,357
63,922
18,988
19,267
63 607
19,075
18,781
63 269
19,088
18,713
61,123
19,302
18,439
58,982
19,643
18,357
58 906
20,394
18,563
61 070
21,891
18,253
64,292
22,906
18,088
67,551
21,330
18,717
66,595
20,608
"19,774
"69,143
"20,075
20,826
71,507
20,852
121,196
42,262
123,932
44,604
123,223
44,609
124,877
45,863
122,724
44,302
122,372
44,078
125,802
45,882
126,879
46,689
131,930
50,284
139,785
54,935
141,132
55,579
123,932
44,604
123,380 "125,090
"46,621
45,185
129,128
49,500
33,374
26,571
18,392
35,045
27,298
20,066
35,515
25,792
19,867
36,349
26,084
20,346
35,149
26,306
20,027
34,774
26,387
19,650
36,124
26,345
21,023
36,793
25,872
21,992
39,366
26,235
22,402
43,022
27,389
23,641
43,584
27,850
24,094
35,045
27,298
20,066
245,885
119,828
260,647
131,549
"247,329
"122,113
251,566
125,405
250,942
125,217
252,568
125,844
254,984
127,018
254,145
127,334
254,884
126,900
255,540
127,760
256,895
128,884
260,647
131,549
17,597
59,535
18,935
18,822
64,485
21,567
18,063
"60,922
"19,092
18,648
63,022
19,297
18,402
62,692
19,405
18,163
63,016
19,537
18,676
62,969
19,797
18,625
63,172
19,902
18,693
62,315
19,975
19,117
62,077
20.251
18,856
62.590
21,015
18,822
64,485
21,567
126,057
45,986
129,098
48,538
"125.216
"45,356
126,161
46,210
125,725
46,000
126,724
46,561
127,966
47,185
126,811
46,951
127,984
47,734
127,780
47,769
128,011
47,905
129,098
48,538
36,197
26,158
20,211
38,010
26,849
22,051
36,019
"26,032
20,376
36,422
26,316
20,552
36.386
26,348
20,519
36,798
26,478
20,490
37,318
26,608
20,898
37.315
26,385
20,965
37,671
26,556
21,035
37,508
26,697
21,241
37,411
26,730
21,667
38,010
26,849
22,051
"36,861
"26,542
"20,919
39,066
26,856
21,641
262,427 "265,718
132,861 "135,599
269,830
138,517
"19,715
"67,696
"21,043
20,064
69,789
21,170
129,566 "130.119
"49,498
48,883
131,313
50,385
38,350
26,909
22,285
"38,924
"26,963
"22,020
39,661
27,122
22,196
35,589
26,864
19,923
19,316
65,617
21.245
16,266
525
17,338
6,621
"767,107
"813,203
"62,374
"64,546
"67,715
"65,042
"65,714
"68,120
"64,461
"69,157
"73,374
"98,124
"60,222
58,466
66,072
Durable goods stores
Auto and home supply stores
"102,965
"11,213
"112,352
"11,881
"8,360
"930
"8,735
"988
"9,397
"1,025
"9,394
"1,055
"9,265
"1,086
"9,214
"1.037
"9,016
"1,018
"9,325
"1,082
"9,844
"981
"14,801
"995
"8,210
"877
7,848
886
9,123
1,032
Nondurable goods stores #
General merchandise group stores
Food stores
Grocery stores
Apparel and accessory stores
Eating places
Drug stores and proprietary stores
"664142
"216,366
"224,518
"220,915
"61,060
"45,588
"46,025
"700 851
"234,973
"228,424
"224,559
"66,291
"48,056
"47,794
"54 014
"16,985
"18.547
"18,240
"4,793
"3,957
"3,867
"55 811
"17,743
"18,777
"18,434
"5,365
"3,994
"4,022
"58 318
"18,936
"19,502
"19192
"5.326
"4,255
"3,977
"55 648
"17,810
"18,686
"18,382
"5,102
"4,015
"3,879
"56,449
"17,558
"19,686
"19,383
"4,950
"4,180
"3,781
"58 906
"19,505
"19,142
"18,854
"5,912
"4,242
"3,823
"55 445
"17,754
"18,438
"18,158
"5,335
"3,944
"3,704
"59,832
"19,873
"19,355
"19,053
"5,671
"4,189
"3,924
"63,530
"23,941
"18,708
"18,431
"6,307
"3,942
"3,805
"83,323
"35,693
"20,885
"20,335
"9,910
"4,050
"5,408
"52,012
"15,290
"18,939
"18.676
"4,009
"3,909
"3,804
50,618
15,590
17,723
17,438
3.930
3,699
3.806
56,949
18,202
19,195
18,904
4.917
4,094
4,037
"66,265
"971
"14,878
"362
"18,518
"5,361
"66.784
"973
"14,938
r
377
"18,677
"5,307
"67,264
"974
"15,080
"380
"18,597
"5,386
"67,213
"976
"15,089
"381
"18,568
"5,464
"67,600
"981
"15,294
"376
"18,620
"5,559
"68,093
"976
"15,482
"376
"18,968
"5,474
"68,182
"993
"15,570
"385
"18,585
"5,592
"68,855
"1,005
"15,756
"386
"18,735
"5,667
"68,711
"1,002
"15,844
"372
"18,788
"5,647
"68.757
"999
"15,770
"378
"18,846
"5,792
"70,063
"1,040
"16,308
"367
"18,922
"5,750
70.517
1,092
16,078
69,527
1,058
15,695
"1,930
"979
"3,991
"1,907
"946
"4,030-
"1,948
"978
"4,033
"1,934
"991
"3,995
"1,882
"1,014
"3,963
"1,959
"1,011
"3,966
"1,952
"1,009
"3,957
"2,004
"1,013
4,008
"1,976
"986
"3,911
"2,091
" 1,004
"3,913
"2,102
"995
"3,996
2,013
995
954
4,101
4,094
193,683
128,398
1,566
1,552
193,847
128,618
1,531
194.026
128,419
1,517
194,159
127,549
1,515
194,298
128,610
194,456
128,179
1,497
194,618
127,983
1,492
192,316
127,087
118,239
8,848
192,509
126,902
118,073
8,829
192.644
126,034
116.123
9,911
192,786
126,505
116,735
9,770
192,959
126,682
117,406
193,126
126.491
117,856
9,276
8,635
66.3
127.083
66.0
118,311
118.071
127.327
66.0
118.451
127.429
66.0
118,565
127.341
• 65.9
118.416
Estimated sales (sea. adj.), total
Auto and home supply stores
Department stores excluding leased departments
Variety stores
Grocery stores
Apparel and accessory stores
Women's clothing, specialty stores, and
furriers
Shoe stores
Drug stores and proprietary stores
374
360
19.269
5,557
18,923
5,383
1,965
5. LABOR FORCE, EMPLOYMENT, AND EARNINGS
LABOR FORCE AND POPULATION
[Thousands, unless otherwise indicated]
Not seasonally adjusted:
Noninstitutional population, persons 16 years of
age and over
Labor force @
Resident Armed Forces
Seasonally adjusted: 0
Civilian labor force, total
Participation rate, percent^
Employed, total
Employment-population ratio,
percent t
Agriculture
Nonagriculture
See footnotes at end of tables.
192,745
127,455
1,585
1,577
192,607
Civilian noninstitutional population
Civilian labor force, total
Employed
Unemployed
Unemployed, total
Long term, 15 weeks and over
127,382
3.354
191,022
191,168
125,797
116,106
9,691
116,933
125,878
8,945
193,513
193,025
130,572
1,570
193,190
128,279
1,574
191,307
126,705
117,535
9,169
191,455
129,002
118,907
10,095
191,622
191,790
129,600
119,754
128,473
119,082
191,947
127,044
117,953
9,845
9,390
9,090
192,131
126,846
118,246
8,600
192,881
131,168
1,568
193,356
130,039
1,566
128,017
1,512
126.548
66.2
117.264
126,743
66.3
127.039
66.4
117,580
127,298
66.5
117,510
127.350
66.5
127,404
117,518
117,722
117,780
127,274
66.3
117,724
127,066
66.1
117.687
127,365
66.2
118,064
61.4
61.5
3,206
114,312
61.5
3,186
114,394
61.4
3,244
114,266
61.4
3,207
114,515
61.4
3.218
114,562
61.3
3.194
114,070
114,503
61.3
3.169
114,518
114,855
61.5
3.262
115,049
61.3
3.191
114.879
61.4
3.116
115.335
61.4
3.082
115.483
61.3
3.060
115.356
9,284
3,185
9,225
3,072
9,459
3,349
9,788
3,432
9,628
3,547
9,624
3,547
9,550
3,522
9,379
3,564
9,301
3,446
9.280
3.605
9,013
3,317
8.876
3.143
8,864
3,073
8.925
2.926
66.4
3,221
61.4
3,209
127,591
d-lU
• May 1993
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS
STATISTICS, 1963-91
1992
Annual
1991
|
1992
Mar.
Apr.
May
June
July
1993
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
5. LABOR FORCE, EMPLOYMENT, AND EARNINGS-Continued
LABOR FORCE-Continued
Seasonally adjusted 0—Continued
Civilian labor force—Continued
Unemployed—Continued
Rates ?:
All civilian workers
Men, 20 years and over
Women, 20 years and over
Both sexes, 16-19 years
White
Black
Hispanic origin
Married men, spouse present
Married women, spouse present
Women who maintain families
Industry of last job:
Private nonagricultural wage and
salary workers
Construction
Manufacturing
Durable goods
Agricultural wage and salary workers
Not seasonally adjusted:
Occupation:
Managerial and professional specialty ....
Technical, sales, and administrative
support
Service occupations
Precision production, craft, and repair....
Operators, fabricators, and laborers
Farming, forestry, and fishing
6.7
6.3
5.7
7.4
7.0
6.3
7.3
7.0
6.1
7.3
6.9
6.2
7.4
7.2
6.2
7.7
7.3
6.3
7.6
7.2
6.4
7.6
7.2
6.4
7.5
7.1
6.4
7.4
7.2
6.2
7.3
6.9
6.2
7.3
6.8
6.4
7.1
6.4
6.4
7.0
6.5
6.0
7.0
6.7
5.7
18.6
20.0
20.2
19.4
19.9
22.8
20.6
19.9
20.4
18.9
20.2
19.2
19.7
19.6
19.5
6.0
6.5
6.5
6.4
6.5
6.8
6.6
6.6
6.6
6.5
6.4
6.3
6.2
6.1
6.1
12.4
14.1
11.4
13.9
11.3
13.8
10.4
14.5
11.3
14.5
11.8
14.4
11.8
14.2
11.3
13.9
11.6
14.1
11.7
14.0
12.0
14.2
11.7
14.2
11.6
13.1
11.4
13.5
11.4
5.0
5.0
9.9
4.9
4.9
9.9
4.8
5.0
5.0
5.0
9.9
5.1
5.2
5.2
5.2
5.3
5.0
4.5
4.9
4.5
4.4
10.3
10.3
5.1
5.1
9.3
4.8
5.0
10.1
5.2
5.0
9.1
4.9
5.0
10.0
10.4
10.3
10.6
10.2
4.7
4.3
9.0
9.9
4.4
4.5
9.1
7.0
6.4
6.0
20.7
6.0
13.8
10.4
4.5
4.8
9.6
7.0
7.7
7.7
7.6
7.7
7.9
7.8
7.9
7.8
7.8
7.5
7.5
7.3
7.2
7.2
15.4
16.7
17.3
16.6
16.9
17.4
17.0
17.0
17.4
16.1
14.5
15.7
14.3
13.7
15.3
7.2
7.5
7.8
8.0
7.4
7.5
7.6
7.6
7.7
7.8
8.1
8.1
8.2
8.4
8.0
8.3
8.1
8.4
8.2
8.9
8.0
8.5
7.2
7.5
7.3
7.3
7.2
6.9
7.3
7.0
11.6
12.3
10.5
10.9
13.3
12.8
13.8
11.4
14.3
12.5
13.5
12.2
11.6
13.1
12.1
7.2
14.5
7.2
7.2
11.2
2.8
3.1
2.9
2.8
3.2
3.3
3.4
3.7
3.5
3.1
2.8
3.0
3.3
3.4
3.0
2.8
5.5
8.0
5.2
7.7
9.9
11.8
10.3
5.2
7.3
9.1
10.1
7.7
5.7
8.1
11.2
12.6
5.4
8.1
9.1
5.7
8.3
8.3
6.0
8.6
8.3
6.1
7.9
7.5
6.1
8.0
7.4
11.4
10.7
10.7
10.7
10.0
8.9
6.5
6.3
6.5
6.7
108,437
89,858
107,359
88,477
108,140
89,248
108,876
89,953
109,378
90,746
108,437
89,858
71,668
23,420
108,200
89,693
71,415
23,532
108,377
89,835
71,556
23,530
108,496
89,950
71,675
23,548
108,423
89,885
71,649
23,470
5.1
7.5
7.9
5.8
8.1
8.8
10.5
11.0
7.6
8.1
108,310
89,930
108,310
89,930
71,475
23,830
5.4
8.0
7.9
5.4
7.6
8.7
9.9
6.0
8.7
9.9
6.7
6.0
8.0
7.5
9.7
7.9
5.8
7.8
7.2
9.6
7.0
10.0
10.0
10.4
11.9
12.1
108,298
90,668
108,244
90,746
108,952
90,580
109,400
90,530
109,592
90,511
109,534
90,546
107,352
88,730
' 107,873 '108.304
'89,221
' 88,895
109,038
89,967
108,594
89,988
71,746
23,459
108,485
89,803
71,658
23,362
108,497
89,847
71,745
23,296
108,571
89,948
71,902
23,270
108,646
89,961
71,893
23,280
108,752
90,067
72,005
23,263
108,865
90,201
72,109
23,267
'109,203 '109,194
'90,494
'90,511
' 72,399
'72,406
' 23,374
'23,293
'605
607
'4,657
'4,598
109,313
90,601
72,578
23,214
603
4,588
10.2
12.1
12.6
EMPLOYMENT §
[Thousands]
Employees on nonfarm payrolls by industry:
Total, not adjusted for seas, variation
Private sector (excl. government)
Seasonally adjusted:
Total employees, nonfarm payrolls
Private sector (excl. government)
Nonmanufacturing industries
Goods-producing
Mining
Construction
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Instruments and related products
Miscellaneous manufacturing
Nondurable goods
•Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and misc. plastics products
Leather and leather products
Service-producing
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government
Federal
State
Local
Production or nonsupervisory workers on private
nonfarm payrolls, not seas, adjusted
Manufacturing, not seas, adjusted
Production or nonsupervisory workers on private
nonfarm payrolls
.Goods-producing
Mining
Construction
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Instruments and related products
Miscellaneous manufacturing
See footnotes at end of tables.
691
635
651
646
641
634
633
626
620
623
622
619
616
4,685
4,595
4,603
4,605
4,632
4,600
4,584
4,591
4,574
4,601
4,590
4,582
4,559
18,455
10,602
18,190
10,339
18,278
10,417
18,279
10,409
18,275
10,398
18,236
10,371
18,242
10,347
18,145
10,298
18,102
10.271
18,046
10,231
18,068
10,247
18,062
10,238
18,092
10,265
18,112
"10,274
679
472
524
726
687
465
519
703
689
465
518
710
688
467
520
708
687
467
522
707
684
469
521
706
683
470
521
702
682
465
520
701
683
461
520
699
689
461
518
695
695
461
518
695
697
462
519
693
696
463
517
694
704
1,359
2,007
1,598
1,891
1,335
1,946
1,549
1,827
1,342
1,948
1,560
1,863
1,341
1,949
1,557
1,859
1,343
1,959
1,554
1,842
1,338
1,954
1,549
1,836
1,335
1,947
1,545
1,829
1,334
1,941
1,536
1,816
1,330
1,943
1,538
1,797
1,323
1,935
1,534
1,782
1,323
1,935
1,537
1,790
1,323
1,933
1,537
1,788
1,331
1,936
1,540
1,805
980
366
943
366
956
366
952
368
949
368
946
368
943
372
938
365
935
365
930
364
927
366
921
365
920
363
'467
'524
'694
1,335
'1,932
'1,545
'1,791
'917
'365
7,852
1,672
7,851
1,670
7,861
1,671
7,870
1,677
7,877
1,678
7.865
1,671
7,895
1,685
7,847
1,672
7,831
1,661
7,815
1,661
7,821
1,664
7,824
1,664
7,827
1,671
'7,838
'1,675
'7,842
'1,676
49
672
49
678
49
682
50
682
49
679
49
680
49
682
51
675
50
677
49
672
47
675
49
678
49
676
48
678
48
1,010
1,018
1,025
1,023
1,026
1.023
1,034
1,013
1,007
1,004
1,006
1,004
1,004
'1,004
688
688
687
689
691
689
689
687
692
688
688
686
685
685
685
1,541
1,072
1,521
1,071
1,519
1,071
1.521
1,072
1,522
1,073
1,520
1,073
1,522
1,070
1,521
1,072
1,523
1,069
1,520
1,069
1,518
1,069
1,520
1,068
1,515
1,068
1,520
'1,065
159
864
125
155
879
123
157
877
123
157
876
123
156
880
123
155
883
122
154
884
126
153
880
123
152
877
123
152
877
123
152
880
122
151
883
121
152
887
120
152
891
'120
1,520
'1,066
'151
'896
'121
84,480
5,772
6,069
19,259
6,678
28,323
18,380
2,966
4,346
11,067
85,017
5,742
5,983
19,138
6,672
28,903
18,579
2,969
4,371
11,239
84,668
5,754
5,997
19,092
6,675
28,643
18,507
2,989
4,345
11,173
84,847
5,746
5,993
19,177
6,682
28,707
18,542
2,986
4,360
11,196
84,948
5,745
5,993
19.150
6,681
28,833
18,546
2,984
4,367
11,195
84,953
5,745
5,988
19,156
6,672
28,B54
18,538
2.972
4,357
11.209
85,135
5,742
5,972
19,184
6,660
28.971
18,606
2.957
4,388
11,261
85,123
5,729
5,964
19,106
6,661
28,981
18,682
2,959
4,383
11,340
85,201
5,738
5,957
19,122
6,669
29,065
18,650
2,967
4,401
11,282
85,301
5,731
5,969
19,146
6,680
29,152
18,623
2,942
4,390
11,291
85,366
5,732
5,976
19,116
6,669
29,188
18,685
2,940
4,384
11,361
85,489
5,742
5,970
19,162
6,677
29,253
18,685
2.971
4,389
11,325
85,598
5.763
5,995
19,227
6,682
29,267
18,664
2,943
4,394
11,327
'85,829
'5,771
'6,002
'19.361
'6,681
'29,322
'18.692
'2.943
'4,398
'11,351
'85,901
'5,770
'6,009
'19,342
'6,680
'29,400
'18,700
'2,935
'4,401
'11,364
86,099
5,768
6,008
19,363
6,697
29,551
18,712
2,927
4,411
11,374
72,705
12,467
72,809
12,345
71,437
12,263
72,203
12,309
72,873
12,359
73,623
12,455
73,558
12,350
73,659
12,445
73,530
12,458
73,526
12,383
73,523
12,345
73,572
12,295
71,853
12,185
'72.017
'12,192
'72,319
'12,199
73,013
12,192
72,705
16,533
72,809
16,306
72,592
16,373
72,777
16,383
72,887
16,407
72,859
16,347
72,918
16,348
72,766
16,262
72,810
16,209
72,953
16,207
72,966
16,225
73,105
16,228
73,296
16,258
491
450
461
457
452
449
447
444
440
443
442
439
438
3,575
12,467
6,988
3,511
12.345
6,859
3,506
12.406
6.909
3,514
12,412
6,903
3,545
12,410
6.896
3,520
12,378
6,876
3,509
12.392
6.867
3,511
12.307
6,828
3,499
12,270
6,809
3,529
12,235
6.789
3,509
12,274
6,819
3,505
12.284
6,822
3,478
12.342
6.867
'73,572
'16,357
'428
'3,578
'12.351
'6.869
556
371
405
547
994
563
367
401
531
979
565
367
400
535
984
565
369
403
535
985
564
369
404
533
985
560
370
404
532
981
560
372
403
532
979
558
366
402
531
979
559
363
402
529
975
565
364
400
527
970
571
363
400
526
974
573
365
401
526
971
572
366
399
527
982
'73,530
'16,290
'428
'3,524
'12.338
'6.850
'577
73.567
16,222
424
3,507
12,291
6,819
569
367
1,198
1,004
1,170
1,164
1,161
1,165
1.172
1,169
1,164
1,161
1,166
1,160
1,165
1,165
984
988
986
988
986
983
977
977
976
980
981
1,144
1.173
1,164
1.149
1,146
1,144
1,135
1,120
1,111
1,127
482
264
462
264
470
266
465
266
465
267
463
265
463
267
458
261
456
262
455
261
451
262
580
368
406
'18,088
'10,246
'702
466
521
'692
1,335
'1,930
'1,548
' 1,770
'915
367
'676
'1,003
368
402
18,023
10,198
694
465
518
688
1,331
1,930
1,544
1,748
914
366
7,825
1,664
48
678
997
683
1.519
1,067
151
898
120
399
523
'527
'527
984
983
1,166
'1,168
'1.165
979
985
989
986
1.129
1.167
449
262
449
260
'1.140
'449
'1.128
'447
'264
1.115
448
263
262
981
1.168
May 1993
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS
STATISTICS, 1963-91
1992
Annual
1991
1992
Mar.
Apr.
May
June |
July |
•
S-ll
Mar.
Apr.
1993
Aug. [
Sept. |
Oct. |
Nov. [
Dec.
Jan.
5,47
1,22
Feb.
5. LABOR FORCE, EMPLOYMENT, AND EARNINGS-Continued
EMPLOYMENT §-Continued
[Thousands]
Seasonally adjusted—Continued
Production or nonsupervisory workers—Continued
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and misc. plastics products
Leather and leather products
Service-producing
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
5,479
1,208
5,486
1,214
5,497
1,211
5,509
1,222
5,514
1,22
5,502
1,218
5,525
1,229
5,479
1,216
5,461
1,204
5,446
1,205
5,455
1,211
5,462
1,212
36
576
845
518
850
579
103
663
101
37
581
852
518
841
565
101
678
100
37
586
858
517
841
568
103
676
100
37
585
857
519
842
567
103
676
101
37
583
861
521
842
568
102
679
100
37
582
856
519
840
567
101
683
99
37
583
867
519
841
563
101
684
101
39
578
848
517
840
563
100
679
99
37
580
843
521
841
560
100
676
99
37
573
840
518
838
561
100
675
99
35
577
840
517
838
559
100
679
99
37
579
841
516
840
560
99
681
97
37
577
843
517
838
56
100
686
96
56,172
4,798
4,862
16,987
4,818
24,707
56,503
4,791
4,806
16 844
4',822
25,240
56,219
4,795
4,805
16 808
4,820
24,991
56,394
4,791
4,810
16,874
4,826
25,093
56,480
4,790
4,815
16,872
4,826
25,177
56,512
4,794
4,813
16,874
4,818
25,213
56.570
4,789
4,800
16 883
4311
25,287
56,504
4,770
4,791
16,815
4,812
25,316
56,601
4,789
4,791
16 833
4,823
25,365
56,746
4,786
4,803
16 839
4330
25,488
56,741
4,789
4,814
16,828
4,831
25,479
56,877
4,805
4,807
16 878
4^36
25,551
34.3
34.5
44.3
37.3
34.2
34.3
44.2
38.2
34.4
34.6
44.3
38.9
34.6
34.3
43.4
38.9
34.6
34.3
43.7
38.9
35.0
34.6
44.4
39.0
34.3
34.3
43.8
37.1
34.5
34.5
44.0
39.0
34.6
34.6
44.3
37.5
41.6
' 5,482
1,22
'5,488
1,221
5,472
1,210
3
578
'84
517
841
36
100
100
'690
'694
97
'97
36
578
837
515
840
565
98
697
96
57,038
4,827
4,832
16,944
4,846
25,589
'57,215
'4,836
'4.840
' 1 7 067
'4346
'25,626
'57,240
'4,834
'4,844
'17,036
'4,845
'25,681
57,345
4,827
4,841
17.025
4351
25,801
34.5
34.3
43.7
37.2
34.0
34.5
44.3
36.1
34.2
34.4
'43.8
'36.6
'34.0
34.3
'43.4
'37.4
34.2
34.4
43.9
37.7
41.9
41 2
41.1
41.4
40.9
41.5
4.0
41.1
41.5
'4.2
40.9
41.2
3.9
3.9
4.3
41 8
42.0
42.2
41.9
42.2
'561
'575
'842
'517
'842
'564
AVERAGE HOURS PER WEEK §
[Hours]
Seasonally adjusted:
Average weekly hours per worker on private
nonfarm payrolls: 0
Not seasonally adjusted
Seasonally adjusted
Mining
Construction i
Manufacturing:
Not seasonally adjusted
Seasonally adjusted
Overtime hours
Durable goods
Overtime hours
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment ...
Transportation equipment
Instruments and related products
Miscellaneous manufacturing
Nondurable goods
Overtime hours
Food and kindred products
Tobacco manufactures i
Textile mill products
Apparel and other textile products
Paper and allied products
Printing an6 publishing
Chemicals and allied products
Petroleum and coal products *
Rubber and misc. plastics products
Leather and leather products
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate ?
Services
34.3
34.4
444
38.1
44"b
40.7
41.0
40.9
41.1
40.4
41 1
41.1
41.3
41.2
41 0
40.7
41.0
41.1
41.0
41.0
40.9
41.3
41 1
3.6
3.8
3.8
3.9
4.1
3.8
3.8
3.7
3.5
3.8
412
3.9
41 1
41.5
41.6
41 5
41.9
41 5
41 6
41.6
41.2
41 6
41 8
38.0
3.5
3.7
3.7
3.8
4.1
3.8
3.8
3.7
3.4
3.8
3.9
3.9
4.1
4.4
4.1
4.6
40.0
38.9
41.7
42.2
41.2
41.7
40.7
41.9
41.0
39.6
40.6
39.7
42.2
43.0
41.6
42.2
41.2
41.8
41.1
39.9
41.0
40.1
42.0
43.0
41.6
42.2
41.2
42.0
41.2
40.0
40.6
40.0
42.4
43.2
41.3
42.1
41.0
41 8
40.9
39.9
40.8
40.0
42.5
43.6
41.9
42.6
41.5
42.2
41.4
40.0
40.1
39.8
42.3
43.2
41.6
42.2
41.1
41.9
41.2
40.0
40.8
40.1
42.5
43.1
41.9
42.1
41.3
41.5
41.1
40.1
40.5
39.4
42.3
43.1
41.6
42.2
41.2
42.2
41.2
39.7
40.3
39.2
42.5
42.7
41.1
42.0
41.0
40.9
41.0
39.5
40.7
39.7
42.4
42.8
41.7
42.5
41.3
41.5
41.3
40.0
40.9
42.3
43.0
41.8
42.8
41.6
41 8
41.3
40.0
40.4
39 9
42.1
43.4
41.8
42.6
41.5
42.4
41.1
39.8
40.5
40.2
42.2
43.7
42.0
42.9
41.7
42.6
41.4
39.8
'41.0
'40.4
42.5
44.0
42.2
42.9
41.9
'42.8
40 9
39.9
'40.4
'40.1
'42.1
'43.8
'41.8
42.8
'41.5
'42.8
'41.1
39.7
40.6
40 2
42.5
44.2
42.0
43.2
42.0
42 8
41.5
40.4
40.2
40 4
40.5
40.6
40.5
40.4
40.3
40.3
40.5
40.4
40.5
40.5
40.7
40.3
40.6
401
3.7
3.8
3.9
4.1
4.1
3.9
3.8
3.8
3.8
3.9
3.9
3.9
3.9
4.0
40.6
38.6
41.1
37.2
43 6
38.1
43.1
43 8
41.7
38.0
40.7
39.1
41.3
37.4
43.6
38.1
43.1
43.9
41.7
37.6
40.7
38.0
41.4
37.2
44 0
38.0
43.1
43.5
42.3
38.0
40.5
38.2
41.4
37.3
43.8
38.2
43.4
44.5
41.9
38.2
40.3
39.5
41.3
37.2
43.7
38.1
43.2
43.6
41.8
38.0
40.3
38.1
41.0
37.2
43.5
38.0
43.1
43.4
41.6
38.4
40.5
40.8
37.2
43.5
38.0
43.1
43.4
41.7
37.9
40.8
38 7
41.8
37.4
43 9
38.1
42.9
43.8
41.5
37.8
40.9
38 5
40.8
37.4
43.4
38.2
42.8
44.8
41.5
38.4
40.8
37.9
41.1
37.6
43.4
38.1
42.9
44.9
41.8
39.2
40.6
39.6
41.5
37.4
43.4
38.0
42.9
43.9
41.9
38.6
40.6
38.6
41.8
37.6
43.5
38.2
43.0
44.1
42.2
39.5
40.7
'4.1
40.8
'37.3
41.9
37.6
'43.8
'38.1
43.0
43.9
'42.2
'39.6
3.8
40.6
39.1
40.6
37.0
43 3
37.7
42.9
44.1
41.1
37.5
40.5
'35.9
'40.0
'37.2
'43.4
38.1
42.9
'43.5
'41.9
'39.0
40.6
35.4
42.0
37.1
43.6
38.5
42.9
44.6
41.8
39.0
38.7
38.1
28.6
35.7
32.4
38.8
38.2
28.8
35.8
32.5
38.5
38.3
28.8
36.2
32.6
38 2
38.3
28.6
35.7
32.4
38.8
38.3
28.8
35.6
32.6
38.6
38.1
28.6
35.6
32.4
39 3
38.5
28.9
36.3
32.7
389
38.0
28.5
35.6
32.4
38.0
28.9
35.5
32.1
38.9
38.1
28.9
35.6
32.5
39.5
38.5
29.0
36.2
32.6
39.1
38.0
28.7
35.7
32.3
39.5
38.2
28.8
35.7
32.4
39.4
38.1
28.8
35.7
32.3
'39.6
37.9
28.2
'35.5
32.4
39.3
38.1
28.7
35.6
32.4
1*99.76
162.91
1.59
9.29
39.04
11 64
12 02
28.61
12.43
48.29
36.84
200.08
163.22
1.45
9.07
38.69
11.61
11.89
28.67
12.46
49.38
36.86
200.64
163.39
1.50
9.07
38.94
11.54
11 94
28.59
12.63
49.18
37.25
200.12
162.74
1.48
9.15
38.91
11.49
11.94
28.52
12.36
48.90
37.38
201.07
163.97
1.48
9 37
39.04
11.59
11.94
28.68
12.49
49.39
37.10
200.10
162.90
1.43
38.79
11.56
11.86
28.49
12.38
49.23
37.20
199.92
162.69
1.43
9.15
38.79
11.62
11.80
28.43
12.26
49.21
37.23
200.86
163.68
1.45
9 09
38.55
11.68
11.90
28.64
12.58
49.79
37.17
199.30
162.53
1.40
9 09
38.42
11.63
11.77
28.74
12.32
49.17
36.77
200.27
163.29
1.43
9 07
38.42
11.65
11.83
28.77
12.43
49.70
36.98
201.61
164.40
1.43
8.97
38.56
11.79
11.96
28.83
12.65
50.20
37.21
201.18
163.60
1.41
8.98
38.54
11.68
11.87
28.94
12.40
49.78
37.58
201.40
163.87
1.43
8.84
38.73
11.84
11.91
28.79
12.43
49.89
37.54
'202.30
'164.49
1.38
'9.15
'38.84
'11.86
'11.89
29.00
12.35
'50.02
'37.81
'201.78
'164.05
'1.37
'9.11
'38.64
'11.88
'11.89
'28.79
'12.35
'50.03
'37.73
202.13
164.37
1.37
9 02
38.63
11.84
11.90
28.90
12.40
50.31
37.77
120.5
103.8
121.1
102.9
56 4
121.1
102.2
98.7
106.9
129.2
113.7
112.6
119.3
119.3
148.7
121.0
103.5
58.3
120.6
102.9
99.7
107.4
128.9
112.9
112.8
119.1
120.5
147.9
120.7
103.6
57.6
121.9
102.8
99.2
107.8
128.4
112.0
1129
118.8
118.3
147.6
121.7
104.6
57.1
125.2
103.3
1001
107.8
129.4
113.7
1130
119.6
119.0
149.0
120.8
103.3
55.6
122.4
102.4
99.0
107.2
128.7
113.2
112.4
118.8
118.4
148.3
120.8
103.3
55.7
122.3
102.5
99.0
107.4
128.7
113.7
111.8
118.4
117.6
148.7
121.7
102.8
56.2
121.8
101.8
98.4
106.6
130.2
114.7
1131
119.6
120.6
150.3
120.5
102.1
55.0
121.3
101.2
97.2
106.8
128.8
114.0
111.6
119.7
118.2
147.8
121.4
102.3
55.6
121.4
101.4
97.9
106.2
130.0
113.9
112.2
119.7
119.7
150.3
122.1
102.6
55.9
119.8
102.1
98.8
106.6
130.8
115.7
113.6
120.1
121.4
150.8
121.3
102.6
54.7
120.0
102.1
98.8
106.7
129.6
114.9
112.0
119.2
118.9
149.8
122.0
103.0
55.3
117.8
103.1
100.0
107.4
130.6
116.6
113.1
120.1
119.8
150.5
'122.4
'104.0
53.5
'122.8
103.4
100.4
'107.7
'130.6
'116.6
'1130
'120.9
119.1
'150.2
'121.8
'103.1
'53.0
'121.9
'102.5
99.5
'106.6
'130.1
'117.1
112.5
'118.2
'118.8
'151.0
122.3
103.1
53.1
120.3
102.8
99.8
107.1
130.9
116.0
113.1
120.2
118.6
151.7
388
391
AGGREGATE EMPLOYEE-HOURS §
[Billions of hours]
Seasonally adjusted:
Employee-hours, wage and salary workers in
nonagric. establishments, for 1 week in the
month, seas adj. at annual rate
Total private sector
Mining
Construction
Manufacturing
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government
916
[1982=100]
Indexes of employee-hours (aggregate weekly): 0
Private nonfarm payrolls, total
Goods-producing
Mining
. .
Construction
Manufacturing
Durable goods
Nondurable goods
Service-producing
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
See footnotes at end of tables.
622
123.7
102.3
99.6
106.1
128.0
113.5
113.5
119.4
118.9
145.2
S-12 • May 1993
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS
STATISTICS, 1963-91
Annual
1991
1992
1992
Mar.
Apr.
May
June
July
1993
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb. I Mar.
Apr.
5. LABOR FORCE, EMPLOYMENT, AND EARNINGS-Continued
HOURLY AND WEEKLY EARNINGS §
[Dollars]
Average hourly earnings per worker, not seas,
adj.: 0
Private nonfarm payrolls
Mining
Construction
Manufacturing
Excluding overtime
Durable goods
Excluding overtime
Lumber and wood products
Furniture and fixtures
Stone clay and glass products
Primary metai industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment ...
Transportation equipment
Instruments and related products
Miscellaneous manufacturing
Nondurable goods
Excluding overtime
Food and kindred products
Tobacco manufactures
Textile mill products
Apparei and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and misc. plastics products
Leather and leather products
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Average hourly earnings per worker, seas, adj.: 0
Private nonfarm payrolls
Mining
Construction
Manufacturing
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance and real estate
Services
[Dollars per hour]
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (ENR): §§
Common labor
Skilled labor
Railroad wages (average, class I)
[Dollars]
Avg. weekly earnings per worker, private nonfarm: 0
Current dollars seasonally adjusted
1982 dollars, seasonally adjusted ±
Current dollars, not seasonally adjusted:
Private nonfarm, total
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
10.33
14.18
13.99
11 18
10.71
11.75
11.27
9.24
8.76
11.37
13.34
11.19
12.16
10.71
14.74
11.65
8.85
10.59
14.51
14.11
11 45
10.94
12.02
11.50
9.43
9.00
11.64
13.67
11.41
12.43
11.01
15.16
11.93
9.14
10.54
14.54
14.03
11 36
10.89
11.92
11.44
9.34
8.89
11.49
13.48
11.34
12.33
10.92
14.99
11.84
9.11
10.54
14.52
14.02
11.41
10.96
11.95
11.49
9.35
8.91
11.60
13.64
11.40
12.30
10.98
14.97
11.88
9.13
10.55
14.45
14.05
11 44
10.94
12.02
11.49
9.40
8.95
11.65
13.65
11.43
12.38
10.99
15.17
11.86
9.10
10.53
14.51
14.09
11 45
10.93
12.04
11.50
9.41
8.99
11.66
13.69
11.43
12.44
11.06
15.18
11.90
9.12
10.53
14.47
14.05
11 46
10.96
12.03
11.52
9.46
9.00
11.68
13.77
11.39
12.49
11.05
15.12
11.93
9.11
10.56
14.45
14.20
11 44
10.91
12.04
11.49
9.49
9.04
11.68
13.74
11.41
12.45
11.03
15.21
11.93
9.08
10.66
14.57
14.18
11.53
11.00
12.09
11.57
9.48
9.09
11.83
13.93
11.43
12.49
11.05
15.27
12.03
9.13
10.69
14.44
14.25
11 49
10.95
12.07
11.52
9.52
9.10
11.74
13.73
11.42
12.51
11.04
15.28
12.04
9.19
10.73
14.58
14.20
11.54
11.00
12.12
11.56
9.49
9.08
11.71
13.76
11.47
12.57
11.06
15.36
12.10
9.23
10.71
14.55
14.23
11 63
11.07
12.22
11.62
9.50
9.18
11.68
13.82
11.59
12.66
11.14
15.50
12.16
9.32
10.78
14.69
14.16
11.61
11.10
12.19
11.65
9.45
9.14
11.67
13.76
11.53
12.61
11.14
15.43
12.13
9.33
10.78
' 14.57
14.07
' 11.61
r
11.10
' 12.20
'11.65
'9.50
'9.10
'11.71
r
13.83
'11.54
' 12.64
'11.11
' 15.47
'12.14
'9.31
'10.80
'14.66
'14.23
11.63
'11.13
12.20
'11.67
9.48
'9.11
11.73
'13.78
'11.53
'12.61
'11.11
'15.58
'12.19
'9.27
10.81
14.80
14.21
11.71
11.19
12.26
11.71
9.46
9.14
11.84
13.97
11.63
12.68
11.19
15.60
12.25
9.33
' 10.44
9.98
9.90
16.68
8 30
6.77
12.73
11.49
14.02
17.03
10.07
7.18
13.24
11 15
6.95
10.40
1022
10.71
10.23
10.19
16.69
8.60
6.95
13.09
11.75
14.45
17.87
10.37
7.40
13.49
11.40
7.14
10.82
10.54
10.63
10.18
10.13
16.76
8 51
6.87
12.95
11.68
14.26
17.96
10.27
7.44
13.38
11 34
7.11
10.80
10.53
10.71
10.27
10.20
17.25
8.56
6.98
13.02
11.64
14.39
17.92
10.33
7.47
13.43
11.34
7.12
10.75
10.50
10.69
10.22
10.23
17.52
858
6.96
13.05
11.66
14.39
17.78
10.33
7.41
13.39
11 35
7.12
10.76
10.47
10.69
10.20
10.21
18.13
8 60
6.97
13.03
11.67
14.38
17.62
10.36
7.41
13.40
11 33
7.10
10.70
10 42
10.73
10.24
10.18
18.38
8.60
6.94
13.13
11.76
14.49
17.70
10.39
7.28
13.43
11.38
7.10
10.73
10.41
10.70
10.18
10.13
16.20
8.62
6.96
13.07
11.79
14.47
17.72
10.38
7.36
13.50
11.43
7.10
10.84
10.45
10.82
10.29
10.22
16.02
8.68
7.00
13.35
11.93
14.64
17.93
10.46
7.35
13.61
11.46
7.21
10.84
10.61
10.74
10.22
10.12
15.73
8.66
6.98
13.16
11.87
14.57
18.05
10.44
7.36
13.59
11.46
7.19
10.91
10.63
10.81
10.29
10.30
17.33
8.70
6.97
13.20
11.85
14.64
18.21
10.45
7.42
13.65
11.53
7.21
11.06
10.72
10.87
10.36
10.36
16.00
8.77
7.04
13.29
11.89
14.72
18.06
10.54
7.48
13.60
11.53
7.19
11.04
10.75
10.86
10.38
10.30
15.55
8.80
7.05
13.18
11.85
14.69
18.34
10.55
7.46
13.61
11.61
7.26
11.14
10.81
10.85
10.38
'10.28
'16.13
8.82
7.04
13.20
'11.84
'14.71
'18.36
«10.54
7.46
'13.62
11.62
'7.26
11.20
10.82
10.88
10.42
'10.32
'16.90
'8.76
'7.05
13.24
'11.87
'14.66
'18.72
'10.50
'7.50
'13.69
'11.60
'7.26
'11.17
'10.80
11.00
10.51
10.45
17.56
8.91
7.1Q
13.43
11.88
14.81
18.82
10.64
7.58
13.65
11.72
7.27
11.20
10.77
10 33
14.18
13.99
11 18
13 24
11 15
6 95
10 40
10.22
10 59
14.51
14.11
11 45
13 49
11.40
714
10 82
10.54
10.55
14.50
14.06
11 37
1341
11.35
712
10 78
10.50
10.52
14.46
14.03
11.42
13.43
11.29
7 09
10 68
10.46
10 56
14.49
14.09
11 44
13.44
11.37
712
10.76
10.49
10 58
14.52
14.20
11 44
13.47
11.38
711
10.76
10.53
10.58
14.50
14.11
11.45
13.43
11.38
7.14
10.76
10.53
10.66
14.55
14.21
11.51
13.53
11.51
7.16
10.96
10.61
10.63
14.54
14.07
11.51
13.56
11.44
7.18
10.84
10.59
10.65
14.59
14.15
11.51
13.56
11.48
7.18
10.92
10.61
10.71
14.67
14.20
11.54
13.65
11.53
7.1-9
11.09
10.68
10.69
14.46
14.16
11.57
13.57
11.47
7.20
11.00
10.66
10.73
14.54
14.12
11.60
13.58
11.59
7.22
11.10
10.73
'10.76
'14.48
14.14
'11.64
'13.57
11.59
'7.25
11.11
10.74
'10.79
'14.60
'14.26
11.64
'13.72
'11.60
'7.25
'11.13
'10.76
10.79
14.74
14.24
11.71
13.65
11.68
7.26
11.14
10.73
18.88
24.76
15.68
19.46
25.47
16.66
19.24
25.18
16.61
19.30
25.21
17.10
19.32
25.27
16.91
19.32
25.30
16.67
19.45
25.49
16.34
19.67
25.68
16.41
19.73
25.75
16.62
19.73
25.76
16.73
19.75
25.81
16.87
19.75
25.83
16.68
19.75
25.83
16.96
19.75
25.83
'17.23
19.81
25.89
17.08
19.81
25.89
354 32
255.64
364 30
255.47
36398
257.23
36084
254.29
365 38
257.13
36289
254.84
362.89
254.12
368.84
257.75
364.61
254.44
367.43
255.34
370.57
256.98
366.67
253.93
370.19
255.30
'370.14
'254.39
'370.10
'253.84
371.18
253.71
354.32
629.59
533 02
455.03
482.93
419 69
512.39
424 82
198.77
371.28
331.13
364.30
638.44
536.18
469.45
498.83
432.68
523.41
435.48
205.63
387.36
342.55
361.52
636.85
523.32
464.62
493.49
427.33
511.12
433.19
201.92
390.96
342.23
360.47
633.07
535.56
460.96
489.95
425.19
513.03
433.19
203.63
383.78
339.15
362.92
634.36
546.55
470.18
501.23
430.81
518.19
434.71
204.34
383.06
339.23
364.34
635.54
548.10!
471.74
503.27
432.95
521.26
432.81
205.90
380.92
338.65
364.34
625.10
546.55
466.42
495.64
430.27
526.46
434.72
208.03
381.99
340.41
369.60
643.03
553.80
470.18
499.66
434.42
533.25
440.06
210.16
393.49
344.85
365.64
641.08
526.08
472.73
496.90
441.46
532.15
436.63
209.09
384.82
341.64
368.81
641.14
555.75
474.54
504.53
437.12
530.01
437.77
206.35
388.40
344.41
371.26
651.73
532.50
480.06
510.25
442.13
539.18
442.75
206.93
400.37
349.47
369.50
646.02
529.36
487.30
520.57
446.76
533.12
440.45
209.95
394.13
347.23
366.52
647.83
511.18
477.17
508.32
438.74
529.43
440.02
203.28
397.70
347.00
368.68
637.15
'514.96
'477.17
'508.74
436.17
'532.54
440.40
'204.73
399.84
349.49
'367.20
632.28
'532.20
475.67
508.74
435.20
'536.65
'438.48
'201.83
'396.54
'348.84
535.72
478.94
510.02
441.10
535.08
445.36
207.20
398.72
347.87
369.70
EMPLOYMENT COST INDEX
[June 1989=100]
Total compensation:
Civilian workers t
Workers, by occupational group:
White-collar workers
Blue-collar workers
Service workers
Workers, by industry division:
Manufacturing]
Nonmanufacturing
Services
Public administration
Wages and salaries:
Civilian workers T
Workers, by occupational group:
White-collar workers
Blue-collar workers
Service workers
Workers, by industry division:
Manufacturing
Nonmanufacturing
Services
Public administration
113.5
114.2
115.4
116.1
117.5
1139
1126
114.1
1146
1135
114.7
1158
1144
116.2
1166
1152
116.7
117.9
1167
117.9
1140
113.3
115.5
114.0
1147
114.1
116.3
1146
115.7
115.3
118.2
115.8
116.5
116.0
119.2
1163
118.6
117.1
120.1
117.6
111 5
1121
113.0
113.6
114.5
112.2
109 8
111 9
112.8
1106
1124
113.7
111 3
113.4
114.5
111 9
113.8
115.4
1127
114.5
111.5
111 5
1137
111.9
112.2
112.0
1143
112.4
112.9
113.0
115.9
113.1
1137
113.6
1157
113.6
114.7
114.4
117.4
114.4
HELP-WANTED ADVERTISING
Seasonally adiusted index. 1967-100
See footnotes at end of tables.
93
92
93
90
93
92
91
93
90
92
95
95
92
'97
96
96
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS
STATISTICS, 1963-91
1993
1992
Annual
1991
S-13
May
SURVEY OF CURRENT BUSINESS
1992
Mar. I
Apr. I
May I
June I
July I
Aug. I
Sept. I
Nov.
Oct.
Mar.
Feb.
Dec.
Apr.
5. LABOR FORCE, EMPLOYMENT, AND EARNINGS-Continued
WORK STOPPAGES
Work stoppages involving 1,000 or more workers:
Number of stoppages:
Beginning in month or year, number
Workers involved in stoppages:
Beginning in month or year, thousands
Days idle during month or year, thousands
40
35
1
4
6
6
1
392
364
4,584
3,989
3
367
15
414
10
322
243
741
4
157
22,975
3,281
r
r
8
c
0
0
57
214
16
578
14
281
0
99
0
48
'22
'56
139
'113
'1,505
'3,238
1
2
4
'12
UNEMPLOYMENT INSURANCE *
State programs:
Initial claims, thousands
Average weekly insured unemployment, thousands
Rate of insured unemployment, percent @
Total benefits paid, mil. $
Weeks of unemployment compensated, thousands
Average weekly benefit, dollars
20,986
3,167
1,756
3,958
1,636
3,485
1,395
3,062
1,630
3,004
2,015
2,978
1,420
2,955
1,405
2,658
1,428
2,384
1,518
2,518
2,020
2,906
2,048
3,234
1,408
3,187
3.1
3.0
3.8
3.3
2.9
2.9
2.9
2.8
2.6
2.3
2.4
2.8
3.1
3.1
3.1
25,279
153,063
171.18
24,967
147,938
175.16
2,649
15,681
174.91
2,382
14,116
175.10
1.932
11,460
175.04
1,969
11,706
174.53
2,033
12,160
172.94
1,883
11,055
175.60
1,761
10,375
175.86
1,585
9,304
176.67
1,584
9,278
177.17
2,019
11,865
176.88
2,060
12,011
178.69
2,010
11.519
180.89
'2,344
'13,350
'182.16
Federal civilian employees unemployment insurance
(UCFE):
Initial claims, thousands
Average weekly insured unemployment, thousands
Total benefits paid, mil. $
Weeks of unemployment compensated, thousands
Average weekly benefit, dollars
135.8
29.9
211.3
1,356.7
155.73
146.2
31.7
243.1
1,484.2
163.74
9.3
10.1
27.6
18.1
109.5
164.89
9.6
25.3
15.8
96.2
164.18
13.7
27.2
17.7
107.7
164.20
17.7
31.3
20.3
124.8
162.29
10.3
33.6
20.9
130.2
160.48
12.0
32.1
20.9
128.9
161.95
15.3
31.6
20.0
123.4
162.30
11.7
33.4
20.5
123.2
166.56
12.4
35.6
24.8
147.8
167.52
13.0
33.9
21.7
127.5
170.58
9.5
32.3
20.8
126.4
164.29
33.5
21.4
121.1
176.91
'9.2
32.9
24.9
'136.4
' 182.77
Veterans unemployment insurance (UCX):
Initial claims, thousands
Average weekly insured unemployment, thousands
Total benefits paid, mil. $
Weeks of unemployment compensated, thousands
Average weekly benefit, dollars
152.8
22.2
165.8
918.0
179.59
260.5
60.1
541.9
2,853.3
189.50
19.5
58.8
42.9
231.1
185.62
18.6
55.9
41.3
223.5
184.91
17.5
53.4
38.0
204.8
185.70
21.7
55.9
41.3
220.3
187.42
25.0
56.6
43.9
231.2
189.79
24.4
61.2
44.3
231.6
191.29
26.1
65.4
49.7
255.6
194.52
25.2
65.3
51.4
263.5
195.04
18.3
67.5
51.4
261.5
196.56
20.7
70.1
58.8
301.7
194.72
21.9
68.2
52.4
267.1
196.23
17.2
68.5
50.5
255.0
197.85
'19.1
'65.9
'54.6
'277.0
'197.22
37,733
544.077
404,024
227,307
176,717
140,053
37,090
541.260
402,192
229,550
172,642
139,068
37 814
550,643
414,001
236,351
177,650
136,642
37,599
551,480
405,835
223,177
182,658
145,645
37,651
556,558
407,499
227,502
179,997
149,059
38,194
545,136
408,199
236,250
171,949
136,937
35,945
545,054
400,174
216,553
183,621
144,880
536.535
389,259
209,228
180,031
147,276
535,850
393,230
221,271
171,959
142,620
6. FINANCE
BANKING
[Millions of dollars]
Open market paper outstanding, end of period:
Bankers' acceptances
Commercial and financial company paper, total
Financial companies
Dealer placed
Directly placed
Nonfinancia! companies
Loans of the Farm Credit System:
Total end of period
Long-term real estate loans
Short-term and intermediate-term loans
Loans to cooperatives
Federal Reserve banks, condition, end of period:
Assets, total #
:
Reserve bank credit outstanding, total #
Loans
U S Government securities
Gold certificate account
43 770
528,124
403 556
221,093
182,463
124,568
38194
545,136
408199
236,250
171,949
136,937
51 457
28,767
11,223
11*467
39 309
538,493
402,171
221,578
180,593
136,322
39,335
547,577
401,522
227,272
174,250
146,055
38 384
537,791
395,120
223,948
171,172
142,671
37 767
545,940
406,624
235,243
171,381
139,316
52 242
28 775
11,398
12 069
52 098
28,776
10,650
12^671
52,366
28,815
11,505
12 047
353,061
367,901
335,971
332,011
332,729
344,466
347,656
343,638
364,084
346,817
355,187
367,901
357,552
362.126
368,587
368,742
289,394
312,234
274,013
274,830
277,354
282,069
288,180
303,724
288,917
301,688
312,234
302,531
307,615
312,037
311,133
218
675
52
115
150
256
244
609
80
35
675
35
57
753
84
275,969
11,060
282 153
11,059
296 397
11,059
282,877
11,060
295,952
11,059
302.474
11,056
296.977
11,055
301.490
11,055
305,217
11,055
305,381
11,055
281,831
11,059
302,474
11,056
267,601
11,057
267,945
11,057
271 052
11,057
283,729
1,359
276,883
11,060
353,061
367,901
335,971
332,011
332,729
344,466
347,656
343,638
364,084
346,817
355,187
367,901
357,552
362,126
368,587
368,742
Deposits, total
Member-bank reserve balances
Federal Reserve notes in circulation
49,783
29,413
287,906
40,148
32,079
314,208
36,952
29,480
283,383
32,960
27,801
286,457
29,527
23,503
289,684
36,839
22,740
290,772
40,270
25.302
294,107
36,206
29,422
295,876
53,094
27,665
297,609
34,484
29,339
300,010
37,841
30,349
306,863
40,148
32,079
314,208
37.632
27.533
306,111
39,034
33.085
309,080
41,917
34,533
312,263
38,365
30,579
315,270
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held total
Required
55,532
54,553
56 540
55,385
1,155
56 282
55,254
1,028
50 455
49,318
1,137
48,825
47,825
1,000
49,496
48,584
49 823
48,857
50162
49,227
51 521
50,527
'54 296
'53,083
'1,213
'56 545
55,445
1,101
91
939
90
155
845
143
931
104
939
124
165
45
91
73
1,049
994
287
707
56,004
54,744
1,260
124
935
251
684
56 540
55,385
1,155
1,032
965
284
681
54 666
53,624
1,043
r
913
229
684
53136
52,062
1,074
1,032
1,096
1,059
'1,122
1,028
Liabilities total #
Borrowings from Federal Reserve banks
Free reserves
979
192
788
5 3 882
52>78
1,104
Large commercial banks reporting to Federal Reserve
System, last Wed. of mo.:
Deposits:
Demand total #
Individuals, partnerships, and corporations
States and political subdivisions
U.S. Government
Depository institutions in U.S
255 000
204,158
8,845
2,158
23,508
301 829
243,168
9,974
3,434
25,795
236 975
188,976
8,059
1,535
21,004
244 783
194,581
8,107
3,544
21,629
247411
194,793
8,031
1,411
24,959
235 901
187,252
8,985
2,162
21,221
240 649
194,223
7,747
1,790
20,731
240184
193,149
7,784
1,749
20,546
265 732
215,316
8,484
2,359
21,839
255 487
206,700
8,245
1,471
22,557
276 041
222,024
9,866
2,665
25,750
301 829
243.168
9,974
3,434
25,795
253 220
203,509
9,487
2,077
22,108
253165
204,865
8,917
2,388
21,429
268,799
221.791
8,899
2,345
20.470
272 060
220,655
9,217
2,736
23,057
Transaction balances other than demand
deposits
Nontransaction balances, total
Individuals, partnerships, and corporations
101,757
788.004
758,036
120,816
728,182
703,912
102,383
774,935
744,372
101,466
771,221
740,092
101,775
767,467
735,992
100,711
758,296
729,710
102.188
754,062
726,714
103.318
749,281
721,372
106,316
739,351
713,747
110.515
736,595
710,088
113,744
734,304
707,478
120,816
728,182
703,912
114,177
724,254
699,468
114.443
723.700
697,876
119,190
714,834
692,331
114.974
714.458
689,962
1,027,027
294,246
•14,817
23,123
402,887
17,876
274,078
1,007,149
279,851
15,636
21,630
404,188
14,823
271,021
1,015,170 1,014,895
289,163
286,598
14,197
14,096
22,499
21,961
400,247
403,272
17,167
16,822
271,897
272,146
999,071
283,940
14,034
21,372
400.688
16,972
262,065
996,078
280,193
14,198
20,671
399,491
16,380
265,145
984,175
276,467
14,620
20,185
397,707
15,719
259,477
983,304
274,996
15,736
20,116
395,266
15.606
261,584
936,072
278,594
15,932
21,665
396,927
15,631
207,323
989,342
276,773
16,261
21,519
398,901
15,239
260,649
995,217 1.007,149
280,808
279,851
15,636
16,323
22,234
21,630
399,784
404,188
15,000
14,823
271,021
261,068
990,412
276.984
14,479
19,899
398,451
14.402
266.197
988,383
276.776
17,157
18.141
394.593
14,260
267.456
986,435
277,472
15,633
19,112
395,060
14,035
265,123
989,290
275,683
15,632
19,619
395,675
13,794
268,887
Loans and leases(adjusted),total §
Commercial and industrial
For purchasing and carrying securities
To nonbank depository and other financial
Real estate loans
To States and political subdivisions
Other loans
Investments, total
U.S. Treasury and government agency
securities, total
Investment account
Other securities
See footnotes at end of tables.
282,554
324,790
293,551
291,547
292,835
298,786
302,190
315,333
378,429
321.659
327,916
324.790
324.481
331,550
340,413
344.398
225,344
206,837
57,210
269.839
251,345
54,951
239.304
215.998
54,247
237,039
214,340
54,508
239.486
218.174
53.349
245.996
226,889
52,790
248.189
229.185
54,001
259,952
240,364
55,381
267,891
246,763
55,005
266,417
244,183
55,242
273,053
247,955
54.863
269.839
251,345
54,951
268.574
247.999
55.907
275,642
255.136
55,908
283,361
264,341
57,052
288,366
264,465
56,032
b-14
• May 1993
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below,
data through 1991 and methodological notes are
as shown in BUSINESS STATISTICS, 1953-91
Annual
1992
1992
1991
Mar.
Apr.
May
June
July
1993
Jan.
|
Feb.
Mar.
Aug.
Sept.
Oct.
Nov.
Dec.
2,918.2
640.8
178.4
2,099.0
2,930.1
648.7
179.5
2,101.9
2,937.2
653.4
177.7
2,106.1
2,943.2
659.6
176.4
2,107.2
2,939.3
659.8
174.2
2,105.2
2.944.0
670.3
175.6
2,098.1
2,957.5
684.9
177.6
2,095.0
Apr.
6. FINANCE-Continued
BANKING-Continued
[Billions of dollars]
Commercial bank credit, seas, adj.: §
Total loans and securities 0
U.S. Government securities
Other securities
Total loans and leases 0
2,838.7
562.6
179.4
2,096.6
2,943.2
659.6
176.4
2,107.2
Prime rate charged by banks on short-term
business loans
8.46
Discount rate (New York Federal Reserve
Bank) @
2,862.7
579.6
178.5
2.875.3
600.2
176.9
2,098.2
2,882.8
610.7
175.8
2.886.9
619.2
177.9
2,104.5
2,874.3
590.8
178.5
2,104.9
2,096.2
2,089.8
2.902.2
632.6
178.2
2,091.4
6.25
6.50
6.50
6.50
6.50
6.02
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
5.45
3.25
3.50
3.50
3.50
3.50
3.02
3.00
3.00
3.00
3.00
3.00
3.00
3.00
3.00
3.00
Home mortgage rates (conventional 1st
mortgages):
New home purchase (U.S. avg.)
Existing home purchase (U.S. avg.)
9.01
9.04
7.98
7.84
8.21
8.14
8.26
8.26
8.30
8.20
8.15
8.04
7.81
7.78
7.72
7.58
7.68
7.44
7.65
7.40
7.81
7.49
7.65
7.53
7.57
7.49
7.52
7.28
7.22
7.17
Open market rates, New York City:
Bankers' acceptances, 3-month
Commercial paper, 6-month ?
Finance co. paper placed directly, 6-mo ..
5.70
5.85
5.60
3.62
3.80
3.63
4.19
4.38
4.15
3.92
4.13
3.89
3.76
3.97
3.77
3.80
3.99
3.80
3.32
3.53
3.35
3.28
3.44
3.29
3.10
3.26
3.11
3.19
3.33
3.23
3.51
3.67
3.56
344
3.70
3.52
3.14
3.35
3.29
3.06
3.27
3.21
3.07
3.24
3.14
Yield on U.S. Gov. securities (taxable):
3-month bills (rate on new issue)
5.420
3.450
4.050
3.810
3.660
3.700
3.280
3.140
2.970
2.840
3.140
3.250
3.060
' 749,052
'756,944
'727,624
'726,204
'725,317
'727,478
'726,917
737,651
'756,944
'749,153
'746,914
745,187
'340,713
' 121,937
' 92,681
' 39,832
'45,965
4,362
' 103,562
'331,869
'117,127
'97,641
'42,079
'43,461
4,365
'120,402
r
327,437 '326,472 '325,149
'328,529 '328,184 '327,072 '326,502 '326,849 '327,170
'118,387 '118,395 '116,168 '116,661 '117,024 '117,230 ' 116,669 '116.359 '116,558
'95,517
'94,644
'91,340
'93,360
'96,092
'91,995
91,164
91,605
'92,248
'36,441
'35,925
'35,539
'35.943
'36,678
'35,415
'35.731
'34,646
'35,370
'42,031
'41,317
'42,292
'41,932
'42,746
'41,768
'42,202
'41,813
'42,998
4,452
4,499
4,094
4,542
4,365
4,360
4,193
4,506
3.988
r
116,063
'107,188 '106,360 '108,347 '110,776 '109,831 '111,777 '114,393 '113,494
'331,869
'330,355
'97,641
'42,079
'43,461
4,365
'120,402
'116,677
'330,060
'112.686
'98,785
'38.462
'43,516
4,148
'119.257
330,198
111.854
99.856
38,111
43.255
4.080
117.833
'261,219
'259,964
'267,949
'259,659 '259,092 '258,700 '257,973 '258,457 ' 260,564 ' 262,042 '260,201 '259,148
'243,076 '243,544 '244.236 '246,596 r 246,332 -248,386 r 249,421 '249,983 '252,877
(3)
(3)
(3)
(3)
(3)
(3)
(3)
()
'224,889 3 223,568 5 222.381 3 222,909 '222,128 '223,005 ' 223,422 '224,581 '225,626
'259,964
'267,949
'257,744
'261,217
230,192
'259,344
'258.430
(3)
'229,141
258,896
257,879
(3)
'228,412
[Percent]
Money and interest rates:
Federal intermediate credit bank loans
3.05
3.19
3.07
2.890
CONSUMER INSTALLMENT CREDIT t
[Millions of dollars]
Not seasonally adjusted:
Total outstanding (end of period) # .
By major holder:
Commercial banks
Finance companies
Credit unions
Retailers
Savings institutions
Gasoline companies
Pools of securitized assets
By major credit type:
Automobile
Revolving
Mobile home
Other
'256,876
3
3
()
230,957
3
P)
216,353
Seasonally adjusted:
Total outstanding (end of period) # .
By major credit type:
Automobile
Revolving
Mobile home
Other
'116,009
'98,261
'40.057
'43,428
4,366
3
3
()
229,031
3
'734,195 '736,023
'741,093
'744,196
'748,765
752,205
'259,627
'254,299
()
3
'260.945
'259.378
()
3
261,255
261,329
'730,866
'730,496 '731,023
'257,989
'248,795
(3)
'224,081
'258,259
'248,980
'731,736
r
'258,827 '259,433 '258,208 '258,860
'249.384 '250,456 '251,806 '252,086
(3)
()
()3
()
'730,612
'260,746 '259,844
'246,987 '247.205
()
(3)
226,023 3 224,002 '223,562
'734,434
223,257
'222.812
'223,135
'224,181
'225,077
227,167
'258,463
'256.435
(3)
' 229,299
228,443
'229,621
'-2,698
'-1,124
'254
'-370
'527
'2,000
'1,172
'1,828
'5,070
'3,103
'4,569
3,440
'-1,341
'663
(3)
()
3
-1,062 ' - 2 , 0 2 1
'-902
'218
'-1,855
'1,590
(3)
'3519
'270
'185
'404
'606
'1,072
'-1,225
'1,350
'767
'2,213
'2.482
'2,943
()
' 3 2,090
'-1,164
'2,136
(3)
1,046
'652
'280
(3)
'3896
' 3 2,132
•'-856
310
1.951
(3)
1,178
'72,132
'122,844
-50,712
'138,357
'123,760
14,597
62,189
108.963
-46,774
50,712
50,138
776
-14,597
6,292
20,901
46,774
33,840
-13,095
'262,087
'246,324
3
'209
Total net change (during period) #
By major credit type:
Automobile
Revolving
Mobile home
Other
'731,954 '734,884 '734,766
'1.421
'-150
3
()
3
()
3
-824
' 323
()
3
()
FEDERAL GOVERNMENT FINANCE
[Millions of dollars]
Federal receipts and outlays:
Receipts (net)
Outlays (net)
Total surplus or deficit (-)
1
120,883
'79,056
117,098 '122,204
3,785 -43,148
78,106
102,810
-24,704
'118,189
'112,728
'5,462
76,832
125,627
^8,795
74,633
107,361
-32,728
113,690
'152,637
-38,946
112,718
82,903
29.815
'66,138
'113,732
-47,594
83,453
'128,030
-44,577
132,122
124,034
8,088
43,148
24,704
38,841
1.4,139
'-5,461
9,853
15,253
48,795
-1,552
-50,417
32,728
61,969
29,239
38,946
21,078
-17,867
-29,815
-8,355
21,457
47.594
30,689
-16,905
44.577
37.727
-6,850
-8,088
5.464
13,552
3.489,997 '4,002,815 3,811,671 3.822.222 3,865,111 3,918,787 3,942,569 3,983,735 4,002,815 4,006,113 4,071,464
2,628,699 1 2,998,776 2,859,672 2,867,085 2,900,925 2,923,243 2,950,083 2,988,923 2,998,776 2,997,224 3,059,193
4,115,794
3,080,271
4.106,390
3,071,916
1,054,265 '1,090,513
1,323,757 '1,380,657
-269,492 '-290,144
1
1
1
iFederal financing, total
Borrowing from the public
Other
Gross amount of debt outstanding
Held by the public
Federal receipts by source and outlays by
agency:
Receipts (net), total
Individual income taxes (net)
Corporation income taxes (net)
Social insurance taxes and contributions
(net)
Other
Outlays (net), total
Agriculture Department
Defense Department, military
Health and Human Services Department .
Treasury Department
National Aeronautics and Space
Administration
Veterans Affairs Department
1
1
269,492
293,239
1
25,303
'290,144
•311,082
1
20,730
-3,785
22,318
26,101
28,290
-16,307
1
1
'72,132
19,503
11,742
'138,357
67,993
14,198
62,189
12,012
2,691
120,883
53,072
20,784
'79,056
35,098
2,732
78,106
34,715
1.579
'118,189
55,496
19,896
76,832
37,288
2,096
74,633
33,099
1,478
113,690
51,172
22,950
1T2.718
73,704
3,212
'66,138
102,240
23.947
792
83,453
27,935
12-.724
132,122
56,137
17,795
396,010
1
97,581
'413,670
1
101,650
34,237
7,434
47,461
8,779
40,362
7,179
38,380
8,672
31,722
9,522
33,139
8,782
33,322
9,629
29,594
7,854
32,900
7,157
31,918
7,718
29,416
5,505
34,251
7,206
33.652
9,140
49,176
9,014
1,323,757
1
54,120
'299,196
1
483,936
1
276,887
'1,380,657
' 56,585
1
286,631
1
539,761
1
292.990
'122,844 '123,760
5,462
5,080
22,109
22,948
43,303
45,693
21.375
19,756
108,963
5,007
23,379
44,316
22,801
117,098
3,912
24,868
49,575
49,230
'122,204
3,595
29,180
48,176
17,536
102,810
3.266
20,538
43,333
18,403
112,728
3,922
24,902
46,703
16,536
125,627
7,051
26,233
48,427
18,116
107,361
5,624
19,949
43,055
21,605
'152.637
6,645
28,946
73,835
52,215
82,903
4,516
18.941
20,629
18,636
'113.732 '128.030
4,389
8,163
22,003
24,391
47.245
49,520
20.965
20,235
124,034
6.172
26,036
51.313
19,358
1,054,265 '1,090,513
1
1
473,594
467,649
1
1
1
4.136,520 4.170,654 4.188.979
3,102,385 3,140,112 3,145,575
1
13,878
'31,214
1
1
r
13,962
33.734
1,294
1.804
1,148
2,898
1,133
2.686
1,151
2,514
1,179
4,010
1.076
1,361
1,149
3,201
1.098
4.061
1,317
1,717
1,266
4,125
1.092
1.617
1.008
2.626
1,344
4.067
8.373
4.307
GOLD AND SILVER:
Gold:
Monetary stock, U.S. (end of period), mil.
Price at New York, dot. per troy oz. ii. ...
11,057
362.04
11.056
344.50
11.057
344.34
11.057
338.50
11.057
337.24
11.059
340.81
11.059
353.05
11.059
342.96
11,059
345.55
11.060
344.38
11,059
335.08
11.056
334.66
11.055
329.01
11.055
329.39
329.01
341.91
Silver:
Price at New York. dol. per troy oz. ?.? ....
4.040
3.938
4.100
4.030
4.070
4.060
3.950
3.800
3.760
3.740
3.760
3.720
3.66:0
3.650
3.690
3.960
See footnotes at end of tables.
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS
STATISTICS, 1933-91
Annual
1991
May 1993 •
1993
1992
Mar.
1992
May
Apr.
June
July
S-15
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
6. FINANCE-Continued
MONETARY STATISTICS
[Billions of dollars]
Currency in circulation (end of period)
Money stock measures and components (averages of
daily figures):
Measures (not seasonally adjusted):
M1
M2
M3
L (M3 plus other liquid assets)
Components (not seasonally adjusted):
Currency
Demand deposits
Other checkable deposits ±±
Overnight RP's and Eurodollars 0
General purpose and broker/dealer money
market funds
Money market deposit accounts
Savings deposits
Small time deposits @
Large time deposits @
307.7
860.0
3,406.9
303.2
310.9
334/
317.9
4,158,
4,982.6
966.5
3,477.1
4,180.9
' 5,020.6
930.5
3,476.5
4,195.;
5,023.-
954.7
3,490.0
4,195.0
5,024.9
943.9
3,452.5
4,167.1
4,988.0
951.9
3,457.2
4,165.0
5,001.9
962.5
3,461.0
4,163.5
4,996.2
970,
3,466.8
4,178,
5,015.8
982.8
3,467.8
4,171..
5,026.6
1,000.9
3,485r
4,169.9
'5,031.3
1,021.5
3,500.8
4,183.7
'5,068.8
'5,076.9
259.5
280.
312.8
69.8
279.6
319.3
359.8
74.3
271.0
302.6
349.5
74.7
273.3
313.8
360.2
72/
275.7
308.3
352.5
69.5
277.
311.4
355.5
72.5
280.8
317."
355.9
72.8
282.9
319.8
359.2
76.
284.6
326.1
363.6
73.8
287.0
336.7
368.8
75.0
290.0
343.9
379.
75.1
295.0
355.3
'387.7
73.8
365.0
H
979.6
1,132.4
462/
361.1
352.9
349.9
345.8
1,002.9
408.6
'1,113.9
984.0
400.9
'1,120.6
965.6
398.2
'1,130.5
952.4
391.3
'1,138.2
941/
382.1
935.1
3,467.8
4,184.9
5,010.1
941.2
3,464.8
4,177.9
5,009.1
952.2
3,467.
4,179.8
"5,011.0
952.6
3,462.1
4,170.1
5,014.8
271.9
308.0
347.5
1
1,094.3
1,004.0
407.4
273.6
310.8
349.0
1
1,107.5
986.1
402.1
275.1
314/
354/
'1,119.6
969.6
395.9
276.6
312.:
355.9
'1,126.0
955.7
389.3
367.;
355.1
H
1,130.3
950.9
387.3
Measures (seasonally adjusted):
M1
M2
M3
L (M3 plus other liquid assets)
Components (seasonally adjusted):
Currency
Demand deposits
Other checkable deposits i t
Savings deposits
'.
Small time deposits @
Large time deposits @
1
(!)
1,099.0
" 1,045.8
3,511.2
4,178.5
'1,040.3 '1,022.3
3,492.7 '3,469.3
'4,143.5 "4,132.0
'5,047.3 "5,024.3
293.6
346.2
'392.
72.3
295.3
334.3
"384.9
'73.0
'1,030.8
"3,479.3
"4,138.9
5,038.
1,058.4
3,496.3
4,154.7
297.9
336.3
'388.9
'72.9
301.3
350.7
398.6
69.4
346.2
341.4
343.4
341.9
340.0
339.2
1,146.7
927.2
379.
'1,156.0
913.8
374.2
1
1,167.9
898.6
366.0
'1,179.4
882.9
361
'1,180.0
871.5
356.2
'1,177.1
864.0
348.3
'1,178.2
"'1,184.3
"856.0
"849.0
"345/
"341.5
963.3
3,463.6
4,169.0
5,012.5
975.5
3,472.4
4,178.7
5,025.8
990.1
3,480.
4,182.9
'5,037.3
1,005.9
3,491.4
4,179.8
'5,042.2
1,019.1
3,498.0
4,178.4
'5,055.8
1,026.6
3,497.0
'4,166.4
'5,052.0
'1,033.3
'3,487.0
'4,140.9
'5,030.4
"1,033.1
"3,475.3
'4,134.6
"5,024.0
"1,035.4
'3,472.4
"4,128.9
5,025.0
1,043.2
3,472.8
4,135.6
279.
317.5
358.6
'1,134.5
941.5
382.
282.4
322,
362.8
'1,145.7
926.9
378.1
286.3
329.0
366.7
'1,158.9
912.7
373.7
288.0
336.0
373.7
1
1,170.5
896.5
367.0
289.8
339.5
381.6
'1,180.3
881.7
361.3
292.3
340.9
385.2
'1,186.0
870.2
357.5
'294.7
341.9
'388.6
'1,184.3
860.9
350.7
"296.8
341.9
"386.4
'1,182.3
"855.0
'346.3
299.0
'342.0
'386.4
'1,178.8
"850.1
'340.4
301.4
347.3
386.4
'1,181.4
843.6
343.1
28,249
950
1
339.8
342.:
I1)
337.9
H
'1,188.9
841.6
342.1
PROFITS AND DIVIDENDS (QTRLY.)
[Millions of dollars]
Manufacturing corps. (Bureau of the Census):
Net profits after taxes, all manufacturing
Food and kindred products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Stone, clay, and glass products
Primary nonferrous metal
Primary iron and steel
Fabricated metal products
Machinery
Electrical and electronic equipment
Transportation equipment (except motor vehicles
and equipment)
Motor vehicles and equipment
Ai! other manufacturing industries
Dividends paid (cash), ail manufacturing
67,965
19,639
833
2,164
20,558
10,868
-1,602
986
-1,439
3,359
-2,740
4,706
2,694
-7,607
15,404
94,160
20,392
2,103
2,572
23,252
9,577
204
1,036
32
4,498
-3,713
9,840
-1,142
60,222
24,743
5,078
296
776
6,659
'28,734
29,889
6,012
568
942
6,426
2,386
524
462
248
1,671
876
3,016
2,261
-535
401
-143
1,060
1,639
1,836
10,794
4,305
" 4,997
570
'726
" 6,404
'2,352
'534
'482
'577
'1,572
'-287
'2,815
128
3,763
2,578
-319
-309
-650
195
-5,941
2,173
441
-923
196
524
4,694
423
86
'-1,166
14,800
15,553
15,507
SECURITIES ISSUED
[Millions of dollars]
Securities and Exchange Commission:
Estimated gross proceeds, total
By type of security:
Bonds and notes, corporate
Common stock
Preferred stock
By type of issuer
Corporate, total #
Manufacturing
Extractive
Public utility
Transportaiion
Communication
Financial and real estate
State and municipal issues (Bond Buyer):
Long-term
Short-term
172,576
43,809
235,026
39,913
19,577
978
18,117
3,347
18,231
969
27,672
8,557
17,596
2,714
21,121
3,363
19,314
12,874
22,771
845
16,787
793
22,669
1,027
18,285
1,648
18,340
1,742
71.7
73.7
75.8
76.1
74.3
72.9
73.6
74.6
75.2
78.2
840.52
904.49
999.56
867.62
859.79
981.83
756.31
836.16
SECURITY MARKETS
[Millions of dollars, unless otherwise indicated]
Stock Market Customer Financing
Margin credit at broker-dealers, end of year or month
Free credit balances at brokers, end of year or
month:
Margin-account
Cash-account
Bonds
Prices:
Standard & Poor's Corporation, domestic municipal
(15 bonds), dol. per $100 bond .,
Sales:
New York Stock Exchange, exclusive of some
stopped sales, face value, total
See footnotes at end of tables.
12,698.11
11,629.01
1.124.58
924.16
79.1
1,022.47
S-16 • May
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
shown in BUSINESS STATISTICS, 1963-91
SURVEY OF CURRENT BUSINESS
Annual
1991
1993
1992
1992
Mar.
Apr.
May
June
July,
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
6. FINANCE-Continued
Bonds—Continued
[Percent]
Yields:
Domestic corporate (Moody's)
By rating:
Aaa
Aa
A
8.55
8.81
8.77
8.71
8.63
8.44
8.29
8.26
8.41
8.51
8.35
8.24
8.01
7.83
7.76
8.77
9.05
9.30
9.80
8.14
8.46
8.62
8.98
8.35
8.73
8.89
9.25
8.3:
8.69
8.87
9.21
8.28
8.63
8.81
9.13
8.22
8.56
8.70
9.05
8.07
8.37
8.84
7.95
8.21
8.34
8.65
7.92
8.17
8.31
8.62
7.99
8.32
8.49
8.84
8.10
8.40
8.58
8.96
7.98
8.24
8.37
8.81
7.91
8.11
8.26
8:67
7.71
7.90
8.03
8.39
7.58
7.72
7.86
8.15
7.46
7.62
7.80
8.14
9.25
9.21
8.52
8.57
8.77
8.84
8.75
8.79
8.70
8.72
8.61
8.64
8.42
8.46
8.23
8.34
8.19
8.32
8.38
8.44
8.49
8.53
8.34
8.36
8.24
8.23
8.01
8.00
7.80
7.85
7.74
7.76
Domestic municipal:
Bond Buyer (20 bonds)
Standard & Poor's Corp. (15 bonds)
6.90
7.45
6.45
6.41
6.77
6.69
6.69
6.64
6.58
6.57
6.42
6.50
5.89
6.12
6.31
6.08
6.33
6.24
6.62
6.43
6.26
6.35
6.17
6.24
6.10.
6.18
5.60
5.87
5.78
5.65
U.S. Treasury bonds, taxable *
8.16
7.52
7.93
7.88
7.80
7.72
7.40
7.19
7.08
7.26
7.43
7.30
7.17
6.89
6.65
1,048.27
2,929.32
1,169.86
3,284.29
214.41
1,156.92
1,138.91
1,170.48
1,199.25
3,329.40 3,307.45 3,293.92
219.07
220.19
220.03
1,303.10 1,254.65 1,275.19
3,198.69
3,238.49 3,303.15
1.210.92
3,277.71
221.97
1,488.05
1,250.36
3,367.26
234.23
1,533.16
1,271.64
3,440.73
239.97
1,541.53
1,290.45
3,423.62
242.05
1,380.45
1,174.92
3,337.79
212.45
1,333.23
1,154.13
1,349.63
1,167.58
3,294.08
206.07
1,356.85
1,170.50
1,170.22
1,169.58
3.247.41
204.38
1,408.98
1,195.56
3,376.78
210.32
376.17
445.81
300.66
544.04
141.95
288.54
248.19
415.74
490.57
312.12
625.18
149.21
341.74
315.51
407.36
484.86
317.67
621.24
139.45
346.73
298.38
407.41
484.53
312.79
617.42
141.61
344.98
313.39
414.81
490.72
319.45
618.26
147.25
356.62
335.10
408.27
481.96
312.12
598.89
146.79
342.07
322.35
415.05
487.16
309.35
617.31
153.70
334.44
315.56
417.93
490.88
305.32
627.14
149.97
321.77
305.61
29.69
90.36
114.67
379.58
35.69
113.31
150.41
419.61
34.29
108.84
145.11
391.26
33.94
107.28
146.09
385.42
35.17
117.36
154.88
383.81
34.90
115.36
150.34
390.63
36.18
118.86
153.07
415.77
N.Y. Stock Exchange common stock indexes,
12/31/65=50:
Composite
Industrial
Transportation
Utility
Finance
205.48
257.09
173.97
92.26
150.18
229.00
284.61
201.09
99.45
179.24
225.21
282.35
204.09
94.15
173.49
224.54
281.60
201.28
94.91
171.05
228.54
285.16
207.87
98.23
175.89
224.67
279.53
202.02
97.22
174.82
NASDAQ over-the-counter price indexes:
Composite, 2/5/71=100
Industrial
Insurance
Bank
NASDAQ/NMS composite, 7/10/84=100
. Industrial
491.56
549.48
535.65
319.34
217.09
218.25
599.49
655.04
659.78
438.22
265.46
263.85
619.60
701.75
617.56
393.51
273.67
280.00
582.79
642.91
600.57
402.24
257.56
256.79
581.47
630.97
614.90
428.79
257.43
252.57
3.24
2.82
5.95
2.30
3.69
8.17
2.98
2.63
5.72
1.99
2.89
7.46
3.01
2.63
6.16
1.94
2.92
7.64
3.02
2.63
6.08
1.94
2.99
7.75
1,776,275
58,031
2,033,200
65,501
172,592
5,529
1,531,813
47,674
1,757,494
53,344
149,951
4,386
By group
Industrials
Public utilities
Railroads
5.78
6.64
Stocks
Prices:
Dow Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
Transportation (20 stocks)
Standard & Poor's Corporation, 1941-43=10
unless otherwise indicated: §
Combined index (500 Stocks)
Industrial, total (400 Stocks) #
Capital goods
Consumer goods
Utilities (40 Stocks)
Transportation (20 Stocks), 1982=100 ...
Railroads
Financial (40 Stocks), 1970=10
(subcategories in 1941-43=10)
Money center banks
Major regional banks
Property-Casualty Insurance
Yields (Standard & Poor's Corp.), percent
Composite (500 stocks) 0
Industrials (400 stocks)
Utilities (40 stocks)
Transportation (20 stocks)
Financial (40 stocks)
Preferred stocks, 10 high-grade
Sales:
Total on all registered exchanges (SEC):
Market value, mil. $
Shares sold, millions
On New York Stock Exchange:
Market value, mil. $
Shares sold (cleared or settled), millions
New York Stock Exchange:
Exclusive of odd-lot stock sales (sales
effected), millions
NASDAQ over-the-counter:
Market value, mil. $
Shares sold, millions
Shares listed, NYSE, end of period:
Market value, all listed shares, bil. $
Number of shares listed, millions
213.15
217.15
1,286.16
1,375.81
220.17
1,430.12
418.48
493.56
307.68
627.04
155.36
323.19
304.24
412.50
483.33
300.35
614.96
154.28
327.46
310.25
422.84
496.09
306.09
640.65
152.12
351.64
330.89
435.64
509.50
311.24
655.71
157.18
363.35
343.65
^35.23
504.96
312.36
636.16
159.79
374.27
354.77
441.70
508.91
318.04
628.27
166.41
379.57
366.03
450.16
517.24
323.03
630.61
170.48
376.22
365.41
443.08
505.00
321.79
595.41
172.27
390.85
376.47
35.78
112.94
148.87
417.50
35.22
109.70
145.81
424.70
36.13
111.21
149.35
460.56
38.03
118.66
158.58
468.44
39.98
123.84
165.85
482.75
41.34
130.73
172.06
481.40
42.88
136.32
178.34
504.67
44.51
144.73
188.41
503.89
44.55
144.11
188.45
504.83
228.16
281.90
198.36
101.17
180.92
230.07
284.44
191.30
103.41
180.46
230.12
285.76
191.64
102.26
178.27
226.97
279.69
192.30
101.62
181.35
232.83
287.30
204.78
101.13
189.27
239.47
294.86
212.34
103.84
196.86
239.67
292.07
221.00
105.51
203.38
243.41
294.40
226.96
109.44
209.92
248.11
298.75
229.41
112.53
217.01
244.72
292.16
237.97
135.09
216.02
566.66
608.48
615.17
436.01
250.86
243.57
568.72
604.99
642.64
456.84
251.82
242.32
569.00
603.07
678.01
461.64
251.98
241.69
580.68
621.06
685.03
456.88
257.35
249.13
585.01
624.45
714.82
462.12
259.31
250.49
630.86
680.98
734.82
487.91
279.99
273.60
661.28
710.38
771.93
513.84
293.59
285.56
691.13
740.27
806.19
556.01
306.61
297.27
681.71
716.02
840.17
596.89
302.11
287.11
685.30
709.22
851.63
618.87
303.66
284.30
665.33
681.19
845.66
624.55
294.34
272.48
2.99
2.63
5.80
1.87
2.94
7.61
3.06
2.69
5.84
1.97
3.00
7.53
3.00
2.65
5.58
2.01
2.89
7.47
2.97
2.62
5.47
2.17
2.94
7.21
3.00
2.66
5.49
2.16
2.98
7.09
3.07
2.74
5.52
2.12
2.91
7.22
2.98
2.65
5.60
1.98
2.80
7.43
2.90
2.57
5.44
1.91
2.69
7.45
2.88
2.57
5.37
1.86
2.68
7.35
2.81
2.50
5.15
1.75
2.58
7.37
2.76
2.48
4.99
1.76
2.51
6.70
6.69
170,536
5,127
160,568
4,802
164,313
5,080
163,921
5,155
143,874
4,645
149,984
5,500
171,923
5,534
155,076
5,044
187,494
6,258
187,356
6,027
211,249
6,628
224,019
147,607
4,227
138,059
3,926
143,429
4,240
142,447
4,299
124,095
3,817
130,809
4,710
149,347
4,588
133,852
4,162
160,620
5,070
162,394
4,964
183,872
5.474
197,791
5,863
217.72
45,267
51,376
4,082
4,320
3,666
4,296
4,274
3,647
4,019
4,469,
4,154
5,311
5,466
5,772
5,839
693,854
41,264
891,785
48,453
73,400
4,045
78,144
3,942
57,296
3,126
64,635
3,591
63,154
3,597
53,571
3,083
66,871
3,711
75,795
4,227
80,749
4,407
89,349
4,951
107,993
5,188
107,865
4,976
104,714
5,155
101,843
4,889
3,712.84
99,622
4,035.00
115,839
3,654.92
102,450
3,742.72
103,269
3,782.33
107,148
3,712.82
110,121
3.870.96
111,389
3,806.74
112,519
3,840.63
113,450
3,870.50|
114,047
3,976.01
114,580
4,035.00
115,839
4,091.01
117,605
4,137.00
119.524
4,249.00
120,679
4,151.06
121.275
35,921.9 '36,004.1
'37,504.5 '36,928.1
42,001.7
38,996.1
7. FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTS
[Millions of dollars]
Eixports (mdse.), incl. reexports, total @ .
Seasonally adjusted
Western Europe
European Community
Belgium and Luxembourg
France
Federal Republic of Germany
Italy
Netherlands
United Kingdom
Eastern Europe
Former Soviet Republics
See footnotes at end of tables.
1,619.79
' 39,817.4 '37,153.5 '36,736.6 '39,094.3 '35,979.4 '34,837.8 '36,810.9 '40,114.5 '37,670.2 '38.536.8
'37,174.0 '•36,382.2 '35,973.5 '38,040.1 ''37,430.9 '36,370.0 '37,661.3 '38,885.2 '37,795.9 '39,177.9
421,730.0
'448,163.6
118,723.3
103,208.5
10,790.8
15,365.4
21,316.5
8,578.5
13,528.1
22,063.4
116,983.3
102,845.0
10,050.4
14,575.0
21.235.8
8,697.8
13,740.2
22,808.1
11,455.0
10,201.3
926.1
1.532.0
2,050.8
880.4
1.231.4
2.342.4
9,901.2
8,776.5
793.0
1.280.5
1,771.3
705.6
1,114.8
1,986.3
9,648.9
8,523.7
864.6
1.213.9
1.824.3
762.2
1.020.6
1,918.4
9,484.5
8,215.4
824.3
1.151.8
1,614.7
838.0
1,050.8
1,815.2
8,744.0
7,664.0
727.9
1,012.7
1.656.5
697.9
983.0
1,655.5
8,678.7
7,660.9
832.3
1,009.2
1,626.0
727.2
919.5
1,652.1
9,393.0
8,278.6
932.7
1,252.6
1,634.3
686.9
1,071.7
1,735.1
10,377.7
9,194.5
888.8
1,219.4
1.952.1
641.8
1,296.2
2,213.2
9,195.5
8,031.0
802.4
1,095.7
1,626.5
596.8
1,124.7
1,879.8
9,751.3
8,382.5
859.2
1,195.4
1,751.0
648.1
1,240.5
1,912.5
9,756.2
8,640.5
758.5
1,266.0
1,704.9
569.8
1.150.0
2.296.3
9,655.5
8,436.8
750.2
1.324.2
1.615.9
594.7
1.189.4
2.086.0
10,839.7
9,594.7
842.9
1.350.6
1,980.8
573.0
1,260.6
2,695.2
4,785.5
3.577.6
5,497.5
3.625.5
341.4
241.7
485.9
287.3
320.0
220.0
418.9
290.5
533.7
330.9
448.0
334.9
396.3
247.6
493.7
329.0
628.5
431.8
513.8
218.9
346.3
209.7
363.4
193.7
443.6
256.6
SURVEY OF CURRENT ]BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
shown in BUSINESS STATISTICS, 1963-91
Annual
1991
May 1993
Mar.
Apr.
May
June
Aug.
July
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
7,659.8
491.9
3,404.0
437.8
7,043.3
730.8
3,360.7
360.0
6,822.0
435.3
3,189.0
413.6
'7,638.
411.9
3.304.8
405.'
9,415.2
471.5
3,758.
410.
879.6
899.3
613.1
747.1
3,713.1
696.2
622.5
879.'
4,404.5
7. FOREIGN TRADE OF THE UNITED STATES-Continued
VALUE OF EXPORTS-Continued
[Millions of dollars]
Exports (mdse.), incl. reexports—Continued
Western Hemisphere:
Canada 0
Brazil
Mexico
Venezuela
85,102.5
6,154.1
33,275.6
4,668.2
90,632.2
5,740.1
40,597.5
5,438.1
8,195.0
454.6
Asia:
China
Hong Kong
Japan
Republic of Korea .
Saudi Arabia
Singapore
Taiwan
6,286.8
8,140.5
48,146.!
15,518.<
6,572.2
8,807.8
13,191.1
7,469.6
9,068.
47,763.9
14,630.1
7,163.4
9,623.4
15,204.8
637.8
669.
4,352.-
Africa:
Nigeria
Republic of South Africa
Australia
OPEC
Exports of U.S. merchandise, total @
By commodity groups and principal
commodities:
Agricultural products, total
Nonagricultural products, total
Food and live animals #
Beverages and tobacco
Crude materials, inedible, exc. fuels #
Mineral fuels, lubricants, etc. #
Oils and fats, animal and vegetable
Chemicals
.-.
Manufactured goods class, chiefly by
material
Miscellaneous manufactured articles
Machinery and transport equipment, total .
Motor vehicles and parts
3,529.6
493.8
1,383.610.6
764.9
1,209.6
832.9
1,000.9
70.8
2,086.3
2,425.0
180.1
7,847.2
385.3,509.9
475.3
7,666.0
430.7
3,386.3
454.8
8,397.5
594.
3,496.0
497.5
6,879.
426.
3,476.6
586.6
670.8
613.
704.2
3,666.1
1,288.2
696.8
830.8
437.5
864.2
4,181.0
1,210.6
3,566.1
1,093.
809.6
732.8
1,296.3
792.2
1,298.0
82.2
97.5
163.0
141.8
798/
624/
1,777.2
2,097/
35,352.9 34,883/
8,416.2
8,912.5
646.3
19,083.5
21,926.8
1,843.4
400,839.1
425,614.3
37,748.
38,462/
362,379.8
3,674.9
33,965.0
12,033.2
1,147.1
42,966.7
42,078J
382,989.2
32,864.2
7,063.5
25,367.4
11,122.3
1,447.3
43,956.2
2,252.8
817.0
113.4
3,807.3
2,036.1
923.5
107.4
3,751.1
35,566.0
43,162.;
187,359.!
28,175.1
36,301.9
48,001.2
200,933.5
32,253.1
3,157.2
4,354.
18,301.
2,874,4
3,073.7
3,930.
16,816.4
2,956.7
" 488,453.0
' 532,664.8
-43,344.0
•42,723.8
29,555.0
6,750.3
25,462.0
535.9
4,163.8
1,357.0
729.1
1,061.4
1,304.6
491.8
492.9
808.0
1,099.9
89.6
35.8
195.3
253.2
825.4
1,971.5
674.3
1,662.
7,095.6
384.8
3,153.9
493.7
7,839.8
457.3
3,561.5
486.2
8,031.7
480.2
3,447.1
499.6
717.7
682.
4,015.'
1,033.2
498.7
709.
1,072.2
489.
741.1
3,840.0
1,068.9
557.5
777.1,242.0
743.5
883.5
4,123.8
1,187.5
106.5
73.0
114.6
94.0
75.8
225.3
210.3
352.3
238.1
196.3
172.6
591.2
949/
1,462.9
694.
834.9
3,813.0
1,089.9
438.7
709.
1,663.0
3,964.5
1,242.3
630.'
994.3
1,385.5
642.8
881.0
820.6
797.7
1,656.9
1,801.2
2,056.2
1,607.3
1,825.3
986.
1,203.7
551.6
941.8
1,301.9
714.5
3,892.1
1,119.0
506,
889.7
1,071.1
1,132.3
681.0
906.3
1,426.0
579.4
81,
203.
637.6
738.1
1,607.1
1,507.0
1,838.4
107.
170.8
37,155.8
34,232.6
33,198.5
34,909.9
37,989.
35,850.8
36,449.5
34,113.3 '34,131.0
39,770.4
3,189.8
30,571.0
2,842.5
572/
2,004.3
1,015.1
3,021.0
29,894.1
1,915.9
946.6
118.
3,873.0
3,154.9
34,120.1
2,579.1
580.9
1,968.4
959.7
122.1
4,006.9
1,954.2
867.5
126.1
3,512.5
4,097.5
33,892.
3,054.
730.6
2,353.9
122.9
3,700.3
3,310.9
31,954.6
2,713.0
574.2
2,063.8
864.8
136.2
3,721.6
32,769.5
2,761.1
640.6
2,147.7
1,077.2
106.3
3,396.8
3,614.0
30,387.2
2,565.4
500.0
2,180.0
935.8
112.3
3,796.9
35,973.
2,955.5
512.4
2,333.3
• 768.0
138.
4,013.4
3,058.6
3,973.2
16,350.8
2,951.2
3,129.
4,222.5
18,315.0
2,963.3
2,879.1
3,793.2
15,224.0
2,148.4
2,992.1
3,744.2
15,054.3
2,261.3
"42,295.1 •42,145.6 '45,811.8 45,872.4
44,937.8
43,388.7 "43,645.1
9,189.6
9,290.6 8,682.5 9,574.4 9,888.9
'45,055.4
'45,054.0
2,873.1
579.6
3,634.3 3,084.1
31,697.0 31,565/
2,777.7
2,405.i
506.7
564.!
2,647.6
622/
3,714.7
839.
142.8
3,818.6
3,810.8
32,040.0
2,808.9
727.4
2,191.9
946.3
110.3
3,314.0
3,690.0
3,752.6
30,587.7
2,760.2
535.:
2,219.1
789.1
134.6
3,550.5
3,155.2
4,068.4
16,733.8
2,593.4
3,180.4
4,444.3
17,755.3
2,756.6
3,032.9
4,054.6
16,783.3
3,136.9
2,801.6
3,884.7
18,061.5
3,070.4
2,892.4
3,833.5
15,447.1
2,365.3
2,913.5
3,840.8
16,205.9
2,945.2
3,334.5
4,517.2
19,449.5
3,489.8
46,503.4 49,820.4
45,967.9 •46,118.6
46,314.4
45,632.8
45,812.8
46,143.1
42,035.0
45,176.2
41,909.3
44,832.2
49,203.1
10,350.0
8,783.5
492.1
9,833.5
8,320.3
1,326.2
2,762.1
1,012.1
535.8
1,924.7
1,236.9
2,678.4
1,147.0
424.5
1,706.0
1,047.0
445.6
1,787.0
8,022.3
6,892.7
422.2
1,033.9
1,959.8
918.2
420.3
1,498.2
8,240.2
1,276.0
2,332.6
852.3
465.5
1,752.2
10,058.9
8,577.8
414.3
1,376.2
387.2
1,121.5
2.203.0
863.5
383.6
1,492.5
10,402.5
8,735.1
448.3
1,357.3
2,588.6
1,179.7
496.7
1,937.1
VALUE OF IMPORTS
[Millions of dollars]
General imports, total @
Seasonally adjusted
Western Europe
European Community
Belgium and Luxembourg
France
Federal Republic of Germany
Italy
Netherlands
United Kingdom
102,596.5
4,138.7
13,372.1
26,229.3
11,787.4
4,827.0
18,519.6
110,794.3
94,050.1
4,705.8
14,810.3
28,828.8
12,300.1
5,287.2
20,151.7
441.8
7,862.8
361.3
.,439.2
2,486.9
.957.3
369.1
1,574.4
.,576.3
7,303.3
375.5
1,044.0
2,285.;
913.6
481.0
1,599.9
7,747.3
335.
1,249.0
2,396.8
1,084.2
8,126.7
404.5
1,317.0
2,333.0
1,168.2
442.1
1,773.9
8,453.3
492.8
1,289.6
2,439.;
1,210.5
519.3
1,765.9
8,757.3
7,588.1
294.5
1,096.6
2,343.6
1,169.3
431.9
1,641.5
9,137.8
7,720.3
415.8
435.9
2,742.9
7,019.6
50,628.2
1,809.8
812.9
1,981.0
817.2
156.0
50.2
140.8
55.3
125.
42.1
156.6
58.0
207.9
94.2
163.1
74.7
184.7
159.1
58.8
153.7
61.0
206.9
81.2
166.2
63.7
178.2
248.9
96.9
93.6
138.8
Western Hemisphere:
Canada
Brazil
Mexico
Venezuela
91,141.1
6,726.8
31,194.3
8,228.4
98,497.2
7,610.7
35,184.0
8,167.5
8,659.8
624.6
2,939.1
599.5
8,457.1
582.0
2,933.3
554.5
8,502.4
682.6
2,951.9
593.5
8,814.9
701.3
3,161.8
683.9
7,228.0
615.5
2,849.3
737.1
7,816.8
652.9
2,978.3
685.3
8,580.6
564.0
3,033.5
821.9
9,011.4
584.0
3,392.8
853.7
8,378.8
774.8
3,021.3
759.7
8,221.6
579.8
7,862.4
548.2
2,811.4
679.2
8,544.3
366.7
2,989.0
604.1
10,053.7
638.0
Asia:
China
Hong Kong
Japan
Republic of Korea
Saudi Arabia
Singapore
Taiwan
18,975.8
9,286.4
91,582.7
17,024.5
10,978.2
9,976.3
23,036.3
25,675.6
9,799.3
96,542.5
16,690.6
10,366.9
11,317.5
24,601.1
1,436.8
592.6
8,338.0
1,313.9
755.9
957.9
1,678.1
666.9
7,776.1
1,322.2
759.5
838.8
1,889.5
1,837.2
719.5
7,161.2
1,335.8
811.2
848.1
2,024.6
2,165.3
846.2
7,548.9
1,429.0
1,071.3
1,029.3
2,108.0
2,491.4
942.5
8,114.2
1,645.6
955.6
893.1
2,598.7
903.1
7,745.9
2,765.2
924.4
8,277.9
1,424.7
907.8
1,066.8
2,153.4
2,314.6
878.3
8,579.7
1,345.0
841.7
1,084.8
2,030.6
1,867.2
560.4
'8,020.6
1,160.1
705.3
822.9
2,033.1
2,189.5
790.4
7,616.3
1,365.7
880.7
851.1
1,972.0
2,083.7
678.0
9,667.3
1,476.5
859.8
994.3
2,205.9
2,740.7
1,051.6
9,081.5
1,549.3
866.2
984.6"
2,224.4
1,663.0
2,114.3
538.3
137.2
289.2
573.6
332.9
155.2
272.9
539.6
144.7
272.4
452.2
146.9
352.4
153.6
455.5
140.2
412.5
119.6
537.9
324.8
288.8
337.1
212.3
246.8
2,898.5
3,143.4
2,913.5
2,863.9
2,722.3
2,465.5
2,876.8
1,774.0
1,977.0
1,929.4
317.0
1,218.3
1,777.1
374.7
1,174.0
2,112.2
502.5
1,452.8
4,642.1
80.6
2,253.0
75.1
4,909.5
87.3
2,551.0
2,130.2
2,619.2
4,849.7
7,671.2
20,924.4
6,584.3
5,016.9
7,309.6
17,814.6
5,443.3
4,621.3
7,189.9
19,062.4
6,384.1
5,759.1
8,403.1
23,048.5
7,425.4
-9,692.4 -9,705.8 -8,644.2 -7,275.9
-8,306.6 -7,233.4 -7,836.9 -6,965.2
-6,113.1
-7,671.7
Eastern Europe
Former Soviet Republics
1,921.1
Africa:
Nigeria
Republic of South Africa
5,360.1
1,733.3
5,073.7
1,723.0
266.6
Australia
4,010.0
3,677.7
300.6
32,960.6
32,952.8
2,260.6
454.6
153.2
349.4
2,398.6
21,952.3
4,822.6
13,079.0
54,342.7
856.7
24,168.7
22,645.5
5,380.5
13,967.9
54,693.7
1,073.6
27,684.3
2,021.9
375.6
1,179.0
3,748.3
87.4
2,362.7
2,050.2
409.3
1,185.8
4,220.2
86.8
2,345.7
57,418.9
83,389.6
210,786.5
67,525.4
60,371.2
95,009.2
231,336.3
71,249.6
5,014.4
7,071.6
19,716.6
6,331.9
-•-66,723.0
'-84,501.2
-3,526.5
-5,549.9
'-62.11
' 392.53
' 454.65
'-80.45
"423.31
'503.77
'-6.00
'34.78
'40.78
OPEC
By commodity groups and principal
commodities:
Petroleum and products
Nonpetroleum products
Food and live animals #
Beverages and tobacco
Crude materials, inedible, exc. fuels # .
Mineral fuels, lubricants, etc
Oils and fats, animal and vegetable ....
Chemicals
Manufactured goods class, chiefly by
material
Miscellaneous manufactured articles ...
Machinery and transport equipment
Motor vehicles and parts
129.1
2,209.8
176.6
573.3
145.6
506.7
326.8
315.5
2,617.5
3,075.6
3,128.1
309.0
2,924.8
1,834.3
465.6
1,163.2
4,467.9
74.4.
1,930.0
614.7
1,188.3
4,980.0
102.7
2,134.9
2,329.2
1,797.2
552.6
1,145.9
5,170.8
74.5
2,326.3
1,706.2
499.4
1,234.1
4,835.0
116.8
2,244.3
1,177.5
5,043.7
81.3
2,312.8
1,947.7
482.5
1,230.1
5,216.6
105.8
2,418.0
1,836.9
433.6
1,131.1
4,902.9
109.8
2,265.2
5,035.1
6,825.1
19,040.1
6,128.5
5,060.4 5,142.9
7,026.5 8,139.2
18,342.6 19,594.4
5,973.7 5,829.4
5,330.3
9,171.9
18,508.9
4,951.9
5,063.6
8,693.7
18,681.0
5,144.1
5,168.7
9,008.2
20,067.7
5,926.5
5,412.9
9,466.8
21,653.9
6,756.6
5,098.3
8,126.0
20,653.9
6,668.3
-5,771.7
-7,006.5
-5.408.9
-7.671.6
144.5
393.1
2,814.5
771.6
2,039.9
793.7
9,058.2
1,299.0
877.1
1,052.4
441.5
1,122.3
4,626.2
98.1
4,069.6
3,459.1
688.3
1,403.1
775.4
1,115.8
165.1
MERCHANDISE TRADE BALANCE
[Millions of dollars]
Trade balance:
Not seasonally adjusted
Seasonally adjusted
-6,717.5
-6,848.9
-9,893.0
-7,506.9
r
-10,217.5
'•-8.684.0
-5,905.2 -8,626.5
-7,904.1 -10.207.0
[Billions of 1987 dollars]
Seasonally adjusted:
Trade balance
Exports
Imports
See footnotes at end of tables.
-—7.16
' 34.27!
'41.43
'-7.74
'33.83
'41.58
r
-6.46
'35.89
'42.35
'-6.98
'35.45
'42.43
S-17
1993
1992
1992
•
"—8.11
'34.44
'42.55
'-7.67
'35.64
'43.31
'-6.38
'36.92
'43.30
'-7.25
'36.06
'43.31
'-6.85
'37.41
'44.26
'-7.86
'36.01
'43.87
-8.36
35.19
43.55
-10.26
37.23
47.50
Apr.
S-18 • May 1993
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS
STATISTICS, 1963-91
Annual
1991
1992
1992
Mar. ]
Apr. I
May I
June 1
July I
1993
Aug. I
Sept. I
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
7. FOREIGN TRADE OF THE UNITED STATES-Continued
Export and Import Price Indexes @
[1990=100]
All exports
Agricultural exports
Nonagricultural exports
100.8
99.0
100.9
100.9
98.1
101.2
100.7
100.3
100.7
100.9
98.8
100.9
101.3
99.0
101.2
101.0
99.6
101.3
101.1
98.9
101.5
100.8
95.4
101.8
101.2
97.7
101.8
100.8
95.7
101.7
100.7
96.5
101.5
100.8
97.8
101.4
101.0
98.5
101.4
101.2
97.9
101.8
101.1
'97.5
101.7
101.4
97.9
102.0
All imports
Petroleum imports
Nonpetroleum imports
99.7
88.0
101.2
100.4
82.4
102.6
99.3
75.2
102.4
99.0
77.3
101.7
99.5
83.2
101.6
100.3
86.3
102.1
100.8
86.9
102.5
101.2
87.5
102.9
101.4
86.7
103.3
102.2
88.4
103.9
101.6
86.4
103.5
100.1
80.7
102.5
100.1
80.8
102.6
99.7
78.6
102.3
100.2
"812
'102.5
100.5
81.8
102.7
Waterborne trade:
Exports (incl. reexports):
Shipping weight, thous. metric tons
Value, mil. $
389,562
162,346
387,525
170,311
31,140
14,682
32,230
14,216
30,496
13,925
31,276
14,315
32,881
13,919
29,794
13,689
32,336
13,656
33,970
15,422
34,173'
14,290
34.729
14,865
31,578
13,657
General imports:
Shipping weight, thous. metric tons
Value, mil. $
448,852
272,286
473,722
291,726
36,593
22,670
38.135
23,280
39,406
22,686
41,545
24,774
40,995
26,340
39,787
25,456
41,587
25,293
44,620
27.405
40,739
24,666
39,940
24,822
41,918
23,570
40.31
63.8
5,130
39.09
61.8
5,111
35.75
59.3
37.82
59.9
4,976
36.19
57.4
4,609
33.38
58.4
4,353
28.05
475
139
26.24
422
126
27.64
448
195
25.62
395
135
24.51
398
123
11.03
545
43
9.51
526
46
10.18
490
62
10.57
423
36
8.87
460
34
759
695
'215.7
'212.4
Shipping Weight and Value
8. TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Certificated route carriers:
Passenger-miles (revenue), billions
Passenger-load factor, percent
Ton-miles (revenue), total, millions
Operating revenues (quarterly), mil. $ §
Passenger revenues, mil. $
Cargo revenues, mil. $ ....
Mail revenues, mil. $
Operating expenses (quarterly), mil. $ §
Net income after taxes (quarterly), mil. $ §
Domestic operations:
Passenger-miles (revenue), billions
Cargo ton-miles, millions
Mail ton-miles, millions
Operating revenues (quarterly), mil. $ §
Operating expenses (quarterly), mil. $ §
Net income after taxes (quarterly), mil. $ §
International operations:
Passenger-miles (revenue), billions
Cargo ton-miles, millions
Mail ton-miles, millions
Operating revenues (quarterly), mil. $ §
Operating expenses (quarterly), mil. $ §
Net income after taxes (quarterly), m/7. $ §
447.95
62.6
56,925
478.08
63.6
60,862
38.26
62.5
4,922
75,023
57,055
5,508
18,830
14,550
1,391
944
276
19,292
-593
76,815
-1,986
332.57
4,946
1,412
347.50
5,191
1,568
38.55
61.7
4,929
130.58
5,798
496
10.26
496
39
26.38
428
130
27.84
435
122!
49.06
72.6
6,004
51.32
75.7
6,207
20,704
16,013
1,492
279
20,784
-108
32.47
440
117
35.91
440
122
37.30
434
119
14,253
9.70
463
39
10.71
4801
38
12.06
502
38
28.79
446
123
14,683
14,851
14,556
-505
-292
13.15
498
39
14.02
483
39
5,048
5,338
4,518
5,043
-545
18,858
20,124
-715 1
44.53
69.1
5,550
19,301
14,764
1,450
280
19,894
-689
14,313
14,249
-48
56,165
56,691
-1,271
115.39
5,279
493
28.00
434
127
36.08
60.0
4,667
11.53
492
37
6,021
5,932
184
Urban Transit Industry
Passengers carried, total, millions
Motor Carriers
Carriers of property, large, class I, qtrly.:
Number of reporting carriers, number
Operating revenues, total, mil. $
Net income, after extraordinary and prior period
charges and credits, mil. $
Tonnage hauled (revenue), common and contract
carrier service, mil. tons
Freight carried—volume indexes, class I and II
intercity truck tonnage (ATA):
Common carriers of general freight, seas, adj.,
1967=100
734
712
694
673
708
8,643
8,555
758
100
22,091
100
24,180
100
5,553
314
446
165
178
207
49
182.0
201.4
199.2
27,845
28,349
27,508
90
7,049
7,001
7,092
26,949
94
6,831
23
6,795
24
6,888
22
28,062
-38
-92
25,316
1,960
2,060
6,158
595
587
6,664
265
162
6,367
507
411
6,156
601
1,039.8
1,064.0
265.3
258.8
266.6
274.2
109.3
110.0
109.9
109.9
1,441
1,353
1,483
1.225
347
313
367
3,335
5,121
7,723
100
6,037
200.8
202.5
203.9
100
6,333
100
6,270
49
206.5
203.5
200.3
209.0
209.0 .
Class I Railroads ±
Financial operations, quarterly (AAR), excluding
Amtrak:
Operating revenues, total, mil. $#
Freight, mil. $
Passenger, excl. Amtrak, mil. $
Operating expenses, mil. $
Net railway operating income, mil. $
Ordinary income, mil. $ f
Traffic:
Revenue ton-miles, qtrly. (AAR), billions
Producer Price Index, line haul operations, 121
84=100
110.0
7,240
7,025
21
110.1
'266.3
110.4
110.4
110.6
2
83.7
110.6
109.8
109.9
308
10.379
243
224
207
196
214
2158
342
460
424
10,255
6,747
4,972
2,148
1,575
'1,554
'1.611
2,172
2,953
109.9
110.1
110.3
Travel
Lodging industry:
Restaurant sales index, same month 1967=100
Hotels: Average room sale, dollars 0
Rooms occupied, % of total
Motor hotels: Average room sale, dollars 0
Rooms occupied, % of total
Economy hotels: Average room sale, dollars 0
Rooms occupied, % of total
Foreign travel:
U.S. citizens: Arrivals (quarterly), thousands
Departures (quarterly), thousands
Aliens: Arrivals (quarterly), thousands
Departures (quarterly), thousands
Passports issued, thousands
17,839
17,579
17,625
15,708
3,376
3,282
1,520
1,336
1,263
1.008
340
National parks, recreation visits, thousands ##
56,750
57,888
2,324
See footnotes at end of tables.
May 1993 •
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS
Annual
1991
STATISTICS, 1963-91
1993
1992
1992
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
8. TRANSPORTATION AND COMMUNICATION-Continued
COMMUNICATION
Telephone carriers:
Operating revenues, mil $ #
Station revenues, mil. $
Tolls, message, mil $
Operating expenses (excluding taxes), mil. $
Net operating income (after taxes), mil. $
Access lines, millions
9. CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
[Thousands of short tons, unless otherwise indicated]
Production:
Aluminum sulfate, commercial (17% AI2O3)
Chlorine gas (100% Cl2)
Hydrochloric acid (100% HCI)
Phosphorus, elemental
Sodium hydroxide (100% NaOH)
Sodium silicate, anhydrous
Sodium sulfate (100% Na2SO<)
Sodium tripolyphosphate (100% Na5P3O10)
Titanium dioxide (composite and pure)
1,185
11,421
3,301
306
11,713
870
794
462
1,095
Sulfur, native (Frasch) and recovered:
Production, thous. metric tons
Stocks (producers') end of period, thous. metric
tons
9,515
81
11,141
2,876
281
12,01,
900
67;
(4)
1,263
249
2,870
774
73
3,070
228
162
321
168
276
2,733
739
70
2,953
225
186
291
324
327
798
765
724
824
741
792
767
845
765
807
812
809
765
2,709
664
77
2,937
223
2,830
698
61
3,051
224
155
4
758
9,370
1,195
809
1,130
Production:
Ammonia, synthetic anhydrous
Ammonium nitrate, original solution
Ammonium sulfate
Nitric acid (100% HNO3)
Nitrogen solutions (100% N)
Phosphoric acid (100% P2O5)
Sulfuric acid (100% H2SO4)
17,167
7,777
2,243
7,925
3,208
12,056
43,350
17,975
7,667
2,361
8,041
3,452
12,679
44,399
4,588
1,936
569
2,019
859
3,170
11,109
Superphosphate and other phosphatic fertilizers
(gross weight):
Production
Stocks, end of period
Potash, sales (K2O)
19,418
701
5,460
20,039
849
5,866
5,009
695
526
5,603
152,183
758,823
472,215
5,321
163,002
810,287
511,949
1,333
38,612
196,371
121,384
3
19.4
126.1
2,913.7
298.1
1
3,925.3
1
396.3
'3,164.8
333.1
1
3,958.9
1
407.4
1,061
801
1,036
1,01
804
916
Inorganic Fertilizer Materials
[Thousands of short tons, unless otherwise indicated]
4,607
1,950
611
2,039
927
3,140
10,869
4,518
1,915
589
2,015
857
3,215
11,399
4,262
1,866
592
1,968
3,154
11,022
5,092
635
261
779
602
4,862
665
380
438
229
5,076
849
439
Imports:
Ammonium nitrate, thous. metric tons
Ammonium sulfate, thous. metric tons
Potassium chloride, thous. metric tons
Sodium nitrate, thous. metric tons .
Industrial Gases
[Millions of cubic feet}
Production:
Acetylene
Hydrogen (high and low purity)
Nitrogen (high and low purity)
Oxygen (high and low purity)
1,283
39,241
200,879
125,852
1,381
42,793
206,860
132,613
1,324
42,356
206,177
132,100
Organic Chemicals §
[Thousands of metric tons, unless otherwise indicated]
Production:
Acetylsalicylic acid (aspirin)
Ethyl acetate
Formaldehyde (37% HCHO)
Glycerin, refined, all grades, mil. Ib. 0
Methanol. synthetic
Phthalic anhydride
1
1
()
1
134.5
()
33.7
788.4
28.9
999.4
102.3
26.9
23.0
33.2
782.7
28.2
968.2
95.3
31.9
115.6
39.2
109.5
37.3
112.6
24.0
109.6
37.3
113.4
40.9
61.7
61.3
31.5
19.2
54.2
50.6
27.3
19.9
33.7
30.8
13.7
19.9
31.8
97.1
19.1
15.2
64.9
55.4
25.4
24.3
27.2
33.5
806.2
27.5
948.1
112.0
32.0
26.7
113.1
33.7
115.0
30.7
111.2
34.5
68.1
72.0
43.8
22.4
71.7
63.8
35.5
24.7
53.1
58.2
31.1
25.4
ALCOHOL
Ethyl alcohol and spirits:
Production, mil. tax gal.
Stocks, end of period, mil. tax gal
Denatured alcohol:
Production, mil. wine gal.
Consumption (withdrawals), mil. wine gal.
For fuel use, mil. wine gal.
Stocks, end of period, mil. wine gal
See footnotes at end of tables.
664.9
' 702.7
354.6
S-19
59.7
39.0
29.5
26.8
34.1
787.5
24.3
1,043.1
97.8
Feb.
Mar.
Apr.
S-20 • May 1993
SURVEY OF CURRENT BUSINESS
Annual
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
Shown in BUSINESS STATISTICS, 1963-91
1991
1992
1992
Mar.
Apr.
May
June I
1993
July I
Aug. |
Sept. I Oct.
Nov.
Dec.
Jan.
9. CHEMICALS AND ALLIED PRODUCTS-Continued
PLASTICS AND RESIN MATERIALS
[Thousands of metric tons]
Production:
Phenolic resins
Polyethylene and copolymers
Polypropylene
Polystyrene and copolymers
Polyvinyl chloride and copolymers
1,200.6
7,514.0
3,397.2
3,310.5
1
3,977.4
1
1
....
'7,445.2
1
3,562.3
1,842.9
814.3
""i,865.4
901.8
1,877.2
914 3
1,816.5
881 9
5,187.7
1,628.2
1 381 7
1,376.9
1 144 6
2,831.5
1,118.7
1,059.4
653.4
3,427.0
1,483.4
1,131 5
812.1
3,278.1
1,363.2
1 093 0
821.9
2,803.2
1 022 4
10591
721.6
PAINTS, VARNISH, AND LACQUER
[Millions of dollars]
Total shipments
Architectural coatings
Product coatings (OEM)
Special purpose coatings
11,707.3
4,881.9
3,976.7
2,848.8
10. ELECTRIC POWER AND GAS
ELECTRIC POWER
[Millions of kilowatt-hours, unless otherwise
indicated]
Production:
Electric utilities total
By fuels
By waterpower .
.
Sales to ultimate customers, total (Edison Electric
Institute)
Commercials
Industrial §
Railways and railroads
Residential or domestic
.
Street and highway lighting
Other public authorities
Interdepartmental
Revenue from sales to ultimate customers (Edison
Electric Institute), mil. $
2,825,023
2,549,504
275,519
'2,797,219
'2,557,659
'239,559
'224,665
'203,099
'21,566
2,733,242
755,073
929,549
5,250
948,922
15,278
76,573
2,598
2,734,503
758,878
940,333
5,190
933,820
15,395
78,528
2,358
666.891
178,371
223,865
1,410
239,100
3,984
19,373
787
184,869
186,243
44,131
'210,837
'191,383
'19,454
'220,355
'198,070
'22,285
'236,842
'214,143
'22,698
'266,148
'246,436
'19,711
'255,203
'237,142
'18,062
644,856
183,074
235,065
1 258
202 547
3,607
18,702
603
'234,760
'217,923
'16,838
'221,289
'204,914
'16,375
'221,263
'201,970
'19,294
744 804
210,989
246,307
1,263
261,505
3,586
20,543
612
671 401
185,446
233,667
1,300
226,291
4,139
19,982
575
53,422
44,896
GAS
43,675
Total utility gas, quarterly (American Gas
Association):
Customers, end of period, total, thousands @ ....
Residential
Commercial
Industrial @
Other
Sales to customers, total, tril. Btu
Residential
Commercial
Industrial
Electric generation
Other
Revenue from sales to customers, total, mil. $ ...
Residential
Commercial
Industrial
Electric Generation
Other
55,442
50,883
4,340
171
49
56,241
51,589
4 434
166
51
51,449
4 382
170
56 052
52
9,937
4,639
2,241
1,754
1,122
181
3 674
2 011
900
494
196
73
1,900
855
405
381
208
51
45,316
26,060
10,802
5,372
2,537
545
18137
10,751
4,322
1,625
379
227
8 635
4,973
1 979
1,102
432
149
11. FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production mil bbl
Taxable withdrawals, mil. bbl.
Stocks, end of period, mil. bbl.
Distilled spirits (total):
Production mil tax pal
Consumption, apparent, for beverage
purposes, mil. wine gal.
Stocks, end of period, mil. tax gal.
Imoorts mil oroof liters
Whisky:
Production, mil. tax gal.
Stocks, end of period, mil. tax gal.
Imports mil proof liters
Wines and distilling materials:
Effervescent wines:
Production, mil. wine gal.
Taxable withdrawals, mil. wine gal.
Stocks, end of period, mil. wine gal.
Imports mil liters
Still wines:
Production, mil. wine gal.
Taxable withdrawals, mil. wine gal.
Stocks, end of period, mil. wine gal.
Imports mil liters
Distilling materials produced at wineries, mil.
wine gal
See footnotes at end of tables.
202.19
180.99
12.64
18.06
15.65
14.79
18.00
15.53
15.29
18.89
16.46
15.45
18.95
17.47
15.38
18.34
16.83
14.99
17.55
16.04
14.50
'244,126
'220,317
'23,808
15.66
14.79
13.40
16.15
14.23
13.41
14.43
13.12
13.07
108.75
9.58
11.01
7.18
7.07
3.64
33.99
7.24
13.36
9.60
346.30
402.10
27.37
438.93
28.79
442.31
27.92
391.96
30.30
441.87
29.11
166.45
27.44
426.66
28.20
365.72
29.79
421.08
34.25
413.37
71.12
341.87
6.94
380.72
6.18
380.75
4.70
331.59
4.48
377.14
2.10
109.07
1.55
379.44
3.10
308.99
5.90
359.99
6.03
353.37
22.76
23.80
16.09
1.91
1.17
17.67
1.82
1.55
22.90
1.04
1.53
17.77
1.21
1.36
17.76
2.38
1.41
17.69
2.46
1.77
15.82
2.26
2.21
18.58
3.70
4.27
18.51
2.44
4.24
15.62
394.39
376.41
580.09
3.33
35.17
516.82
2.74
34.75
511.96
5.02
32.35
503.61
6.41
30.83
400.75
4.64
29.35
391.38
44.89
28.62
411.02
140.10
32.15
521.01
80.69
30.84
568.32
28.16
32.23
559.22
110.73
4.08
2.32
3.36
3.42
9.17
18.05
27.39
12.20
9.71
245,797
221,323
24,474
Feb.
Mar.
Apr.
May 1993 •
SURVEY OF CURRENT BUSINESS
Annual
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS
1992
1991
STATISTICS, 1953-91
1992
Mar.
Apr. |
May
June |
July
S-21
1993
Aug.
Sept.
Nov.
Dec.
Jan.
Apr.
11. FOOD AND KINDRED PRODUCTS; TOBACCO-Continued
DAIRY PRODUCTS
Butter:
Production (factory), mil. Ib
Stocks, cold storage, end of period, mil. Ib
Producer Price Index, 1982=100
Cheese:
Production (factory), total, mil. Ib
American, whole milk, mil. Ib
Stocks, cold storage, end of period, mil. Ib
American, whole milk, mil. Ib
Imports thous mBtric tons
Price, wholesale, Cheddar, single daisies (Chicago),
$ pBr Ib
1,336.3
539.4
69.5
1,344.5
447.7
59.2
129.9
645.3
60.7
119.7
678.7
60.7
118.3
712.6
60.4
103.2
747.0
55.9
96.8
755.8
56.0
84.8
705.7
56.0
90.0
608.5
58.1
100.4
541.7
58.3
98.3
487.6
58.1
115.1
447.7
58.0
144.4
495.4
53.7
6,090.8
2,804.9
415.3
317.8
6,457.6
2,938.7
462.0
341.1
542.7
246.4
449.0
335.5
534.7
244.9
449.7
334.7
550.9
261.8
455.9
340.3
548.0
259.7
465.2
343.4
546.0
259.3
496.2
369.1
535.9
242.4
488.0
364.2
520.0
222.9
470.9
349.8
561.8
240.2
449.7
328.0
547.5
233.1
441.1
319.2
558.9
251.2
462.0
341.1
543.1
590.7
52.4
54.0
54.7
52.4
50.7
44.3
42.2
51.9
46.2
34.7
41.5
61.0
60.7
73.8
82.6
82.9
86.8
77.8
65.6
68.7
125,683
90,451
12.26
128,300
93,781
13.10
11,096
8,244
12.50
10,850
8,045
12.50
11,280
8,376
12.90
10,897
8,235
13.20
10,900
8,080
13.40
10,673
7,585
13.50
10,263
7,231
13.50
10,532
7,533
13.40
10,184
7,106
13.10
106.8
877.5
147.5
873.0
10.7
82.8
11.8
82.2
13.1
89.2
14.5
81.3
13.7
76.0
15.5
59.2
10.6
52.8
14.1
53.6
8.5
61.0
9.1
77.4
7.2
62.4
8.6
66.2
9.2
76.3
10.9
98.4
12.4
112.5
7.9
113.6
6.7
95.6
.893
1.030
.924
1.011
1.071
1.092
1.132
1.146
1.039
Condensed and evaporated milk:
Production, case goods, mil. Ib
Stocks, manufacturers', case goods, end of period,
mil. Ib
Exports thous mBtric tons
Fluid milk:
Production on farms, mil. Ib. t
Utilization in manufactured dairy products, mil. Ib. ..
Price, wholesale, U.S. average, $ per 100 Ib
Dry milk:
Production:
Dry whole milk mil Ib
Nonfat dry milk (human food), mil. Ib
Stocks, manufacturers', end of period:
Dry whole milk mil Ib
Nonfat dry milk (human food), mil. Ib
Exports, whole and nonfat (human food), thous.
mBtric tons
Price, manufacturers' average selling, nonfat dry
milk (human food), $ psr Ib
138.9
497.0
54.0
525.0
54.0
560.9
55.0
509.1
247.8
476.1
346.8
491.3
225.7
"451.9
" 327.5
460.0
326.7
449.5
316.2
50.1
45.4
37.4
41.5
53.0
64.6
10,659
7,564
12.80
10,760
7,802
12.02
"9,965
7,682
12.30
12.2
56.7
11.8
80.9
13.0
76.5
13.0
83.6
8.9
81.9
9.8
79.9
9.1
77.4
6.3
70.3
7.2
70.4
1.023
1.040
1.029
1.053
1.087
r
11,087
r
10,967
12.20
^ 12.40
110.2
110.7
GRAIN AND GRAIN PRODUCTS
Exports (barley corn oats rye wheat) mil bu
Barley:
Production (crop estimate), mil. mBtric tons
Stocks (domestic), end of period, total, mil. mBtric
tons
On farms, mil. mBtric tons
Off farms, mil. mBtric tons
ExDorts includino malt thous mBtric tons §
Producer Price Index, No. 2 feed, Minneapolis,
1982-100
Corn:
Production (crop estimate, grain only), mil. mBtric
tons
Stocks (domestic), end of period, total, mil. mBtric
tons
On farms, mil. mBtric tons
Off farm*? mil mBtric tons
Exports, including meal and flour, mil. mBtric tons .
Producer Price Index, No. 2, Chicago, 1982=100 ...
Oats:
Production (crop estimate), mil. mBtric tons
Stocks (domestic), end of period, total, mil. mBtric
tons
On farm1; mil mBtric tons
Off farms, mil. mBtric tons
Exports including oatmeal mBtric tons
Producer Price Index, No. 2, Minneapolis,
1982-100
Rice:
Production (crop estimate), mil. mBtric tons
Southern States mills:
Receipts, rough, from producers, mil. Ib
Shipments from mills, milled rice, mil. Ib
Stocks, domestic, rough and cleaned (cleaned
basis) end of period mil Ib
Exports thous mBtric tons
Producer Price Index, medium grain, milled,
1982-100
.
. . . .
10.110
2
9.936
6
6
7.586
4.319
3.268
6
6
See footnotes at end of tables.
6
6
108.3
112.9
2 189.86
2 240.78
6
166.15
6
109.09
6
57.07
6
6
4
4
115.1
2 3.534
2
4.276
5
5
1.854
5
.885
5
.968
2.485
5
1.341
5
1.144
2.800
4
.983
1.817
117.4
116.9
3
200.71
145.72
6
54.99
3
3
108.9
5
114.8
115.1
107.9
109.3
144.24
92.21
52.04
200.83
145 72
5511
83.8
82.0
85.6
85.7
84.1
86.7
92.7
79.1
90.3
83.1
87.4
90.7
91.3
88.9
85.7
89.8
101.1
104.9
104.9
105.5
'98.7
93.5
92.5
89.4
88.2
82.1
87.9
1 854
5
.885
5
968
10,150
6,614
562
569
440
554
514
513
490
475
552
534
1 904
1,538
1,249
1,112
970
766
112.4
111.1
104.1
100.7
101.3
8.123
105.7
2.304
2.248
74 7
2 53 92
2
1656
37 36
6743
2
6
6
39 29
6
1537
6
23 91
107.6
89.0
83.5
r
108.6
88.3
88.2
110.2
111.6
96.4
88.8
7.142
110.9
107.0
82.1
86.4
2
107.9
5 325
2.675
2.650
7 546
4.319
3.227
27.95
15 38
12.57
69.56
38.55
31.02
104.6
102.9
9.110
5.683
3427
91.1
70.4
2
Rye:
Production (crop estimate), mil. mBtric tons
Producer Price Index, No. 2, Minneapolis,
1982-100
Wheat:
Production (crop estimate), total, mil mBtric tons
Spring wheat, mil. mBtric tons
Winter wheat, mil. mBtric tons
Distribution, quarterly, mil. mBtric tons @
Stocks (domestic), end of period, total, mil mstnc
tons
On farms, mil. mBtric tons
Off farms, mil. mBtric tons
Exports, total, including flour, mil mBtric tons
Wheat only, mil. bu
7.150
4.274
2.876
87.9
66 92
23 20
2 43 72
2
43 24
6
18 29
6
24 95
4
1173
23 42
1 2 84
4
394
4
891
57 36
26 65
30 70
43 29
18 29
25 00
28 45
10 29
1817
S-22 • May
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS
STATISTICS, 1963-91
Annual
1991
1993
1992
1992
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct. |
Nov.
Dec.
Jan.
Feb. |
Mar.
Apr.
11. FOOD AND KINDRED PRODUCTS; TOBACCO-Continued
GRAIN AND GRAIN PRODUCTS-Continued
Wheat—Continued
Producer Price Indexes:
Hard red winter, No. 1, ord. protein (K.C.),
1982-100
Hard red spring, No. 1, ord. protein (Minn.),
1982=100
Wheat flour:
Production:
Flour, thous. sacks (100 Ib.)
Millfeed, thous. sh. tons
Grindings of wheat thous bu
Stocks held by mills, end of period, thous. sacks
(100 Ib.)
Exports thous metric tons
Producer Price Index, 6/83-100
78.1
97.3
106.6
101.0
97.8
104.0
88.9
81.2
88.4
91.6
93.1
96.1
97.5
94.2
91.8
92.2
82.1
107.3
112.3
107.9
111.7
118.1
100.3
94.9
103.9
104.8
106.4
102.7
108.0
103.0
104.1
104.9
362,311
6,436
808,966
365,491
6,537
822,391
29,542
529
65,701
29,438
527
66,313
29,152
521
65,806
29,112
521
65,859
30,415
551
68,695
33,468
601
75,864
31,122
548
70,514
33,815
595
76,465
31,732
566
70,702
28,752
518
64,350
5,660
5,662
5,522
94.5
107.4
111.5
110.3
109.2
111.0
104.9
99.6
104.1
104.4
104.7
103.5
107.6
108.0
107.3
108.4
24,982
26,492
2,172
2,169
2,166
2,312
2,328
2,223
2,287
2,351
2,056
2,260
2,207
2,029
2,319
579
264
651
272
699
392
754
430
808
487
920
580
1,015
662
1,032
684
1,096
734
1,073
715
678
321
651
272
694
315
'736
'360
734
359
828
422
.295
.305
.285
.285
.305
.305
.330
.340
.305
.315
.320
.305
.300
.305
.310
.330
192.2
195.9
16.8
16.2
16.4
15.8
16.4
16.4
16.0
16.7
16.4
16.9
16.6
15.1
16.8
16.3
21
16
15
17
28
20
27
19
34
19
30
21
29
19
23
20
22
20
17
22
15
19
15
17
12
17
'12
17
15
15
14
.714
.589
.557
.574
.520
.560
.530
.579
.649
.582
.694
.680
.657
.636
.775
1,398
31,887
1,336
32,094
120
2,599
108
2,525
103
2,688
105
2,863
106
2,802
107
2,721
107
2,748
111
2,793
109
2,490
121
2,632
101
2,601
97
2,411
116
2,712
96
2,623
85,952
92,613
7,934
7,610
6,897
7,166
7,461
7,494
8,217
8,599
7,796
8,142
7,649
6,921
7,958
7,840
21.4
18.3
15.7
'16.5
18.1
18.8
19.1
18.8
19.5
20.5
20.7
21.1
20.4
22.1
'22.3
20.9
5,504
5,290
481
503
374
419
427
400
470
452
413
460
381
384
476
461
39,584
662
40,796
615
3,378
725
3,259
707
3,236
692
3,423
665
3,442
646
3,407
596
3,560
613
3,656
638
3,288
627
3,435
615
3,306
649
3.013
'652
3,397
652
3,299
692
23,223
292
23,267
278
1,877
320
1,812
309
1,925
310
2,064
306
2,039
300
2,004
295
2,019
281
2,039
298
1,807
282
1,881
278
1,845
292
1,698
'285
1,884
299
1,804
362
6
343
8
32
8
33
9
25
10
27
11
27
12
25
9
30
9
29
9
27
8
29
8
25
6
25
7
32
7
30
16,000
311
17,185
315
1,467
372
1,414
363
1,287
345
1,332
319
1,375
307
1,378
267
1,511
297
1,588
307
1,455
317
1,524
315
1,435
329
'1,290
'342
1,481
329
1,465
114.6
'108.3
105.9
105.6
104.3
105.4
108.4
107.3
108.9
112.9
115.1
'116.9
109.7
109.6
110.6
109.7
92.0
82.2
79.5
380
396
'328
6,120
6 083
5,662
POULTRY AND EGGS
Poultry:
Slaughter mil Ib
Stocks, cold storage (frozen), end of period, total,
mil. Ib
Turkeys mil Ib
Price, in Georgia producing area, live broilers, $
per Ib
Eggs:
Production on farms, mil. cases §
Stocks, cold storage, end of period:
Shell, thous. cases §
Frozen, mil. Ib
Price, wholesale, large (delivered; Chicago), $ per
doz
r
14
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves, thous. animals
Cattle, thous. animals
Prices, wholesale:
Beef steers $ per 100 Ib
Steers stacker and feeder $ per 100 Ib
Calves vealers (So St Paul) dollacs
Hogs:
Slaughter (federally inspected), thous. animals
Prices:
Wholesale, average, all weights (Sioux City), $
per ioo Ib
Hog-corn price ratio (bu. of corn equal in value
to 100 Ib. live hog)
Sheep and lambs:
Slaughter (federally inspected), thous. animals
Price, wholesale, lambs, avg. (San Angelo, TX),
$ per 1001b *
MEATS
Total meats (excluding lard):
Production mil Ib
Stocks, cold storage, end of period, mil. Ib.
Exports (meats and meat preparations), thous.
metric tons
Imports (meats and meat preparations), thous.
metric tons
Beef and veal:
Production total mil Ib
Stocks, cold storage, end of period, mil. Ib.
Exports thous metric tons
Imoorts thous metric tons
Price, wholesale, beef, fresh steer carcasses,
choice (600-700 lbs )(Central U S ) $ per Ib
Lamb and mutton:
Production total mil Ib
Stocks, cold storage, end of period, mil. Ib
Pork (excluding lard):
Production, total, mil. Ib
Stocks, cold storage, end of period, mil. Ib
ExDorts thous metric tons
ImDorts thous metric tons
Prices:
Producer Price Index, hams and picnics, except
canned 12/88-100*
Fresh loins, 8-14 Ib. average, wholesale
(Omaha) Sperlb *
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans, imports (including shells),
fhous metric tons
Coffee:
Imports total metric tons
From Brazil metric tons
U.S. Import Price Index, 1990-100
Fish:
Stocks, cold storage, end of period, mil. Ib
See footnotes at end of tables.
89.4
70.3
321
313
305 i
332
375
384
81.0
89.4
390
386
396
361
320
316
284
8
378
May 1993 •
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS
Annual
1992
1992
STATISTICS, 1963-91
Mar.
Apr.
June
May
July
S-23
1993
Aug.
Sept.
Oct.
Nov.
113.6
119.2
112.8
119.2
Dec.
Jan.
Apr.
111.1
119.0
109.3
118.2
109.5
118.5
112.1
118.3
113.9
118.7
166.0
169.0
168.9
168.8
147.7
127.9
123.9
147.7
127.8
124.0
11. FOOD AND KINDRED PRODUCTS; TOBACCO-Continued
MISCELLANEOUS FOOD PRODUCTS-Continued
Sugar:
Exports, raw and refined, metric tons
Imports raw and refined thous metric tons
Producer Price Indexes:
Raw (cane), 1982=100
Refined 1982-100
113.7
121.6
112.1
'119.8
1,664
1
112.6
120.2
112.4
120.2
111.4
119.9
110.6
120.0
111.0
120.0
111.7
120.4
112.7
119.6
r
r
Tea imports metric tons
TOBACCO
Leaf:
Production (crop estimate), mil. Ib
Stocks, dealers' and manufacturers', end of period,
mil Ib
Exports, incl. scrap and stems, metric tons
Imports, incl. scrap and stems, metric tons
Manufactured products:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt, millions
Taxable, millions
Cigars (large), taxable, millions
Exports cigarettes millions
1,684
3,744
3,740
3,560
193,778
516,338
2,133
199,238
510,494
2,107
11,040
48,518
181
3,276
12,572
43,622
162
13,896
39,012
165
17,461
51,667
217
3,740
3,565
15,071
38,331
168
22,490
43,718
185
21,738
42,972
194
24,306
44,712
178
19,519
44,221
190
163.7
164.8
165.1
164.0
19,195
38,419
172
12. LEATHER AND PRODUCTS
LEATHER
Exports:
Upper and lining leather thous SQ ft
Producer Price Index, leather, 1982-100
168.4
163.7
163.4
167,386
167,983
41,993
3
116,310
42,963
8,113
2,449
116,505
43,321
8,157
1,914
29,815
10,430
1,748
494
3
162.8
164.0
163.9
164.7
r
165.1
LEATHER MANUFACTURES
Footwear:
Production total thous pahs
Shoes, sandals, and play shoes, except athletic,
thous pairs
Slippers, thous. pairs
Athletic, thous. pairs
Other footwear, thous. pairs
41,188
44,401
40 401
29,006
3
10 129
3
2,053
3
577
29,320
13,079
2,002
28,364
9,683
2,354
386
457
Exports, thous. pairs
Producer Price Indexes:
Men's leather upper, dress and casual,
1982=100
Women's leather upper, 1982=100
Women's plastic upper, 1982=100
141.0
124.0
•115.2
r
r
145.0
126.4
121.2
143.8
126.1
119.9
143.8
126.4
119.7
143.7
126.4
120.4
143.7
126.6
121.5
145.2
126.5
121.5
146.1
126.7
121.5
146.1
126.9
122.9
145.1
126.5
122.9
145.2
126.5
123.5
" 147.2
r
127.0
' 123.5
148.0
127.4
123.5
148.2
127.8
123.9
13. LUMBER AND PRODUCTS
LUMBER-ALL TYPES #
[Millions of board feet, unless otherwise indicated]
National Forest Products Association:
Production, total
Hardwoods
Softwoods
Shipments total
Hardwoods
Softwoods
Stocks (gross) mill end of period total
Hardwoods
Softwoods
58,834
10,213
33,763
45,444
11,210
34,234
4,121
952
3,169
3,862
962
2,900
3,632
931
2,701
3,911
960
2,951
3,882
996
2,886
3,746
959
2,787
3,736
947
2,789
4,048
998
3,050
3,617
907
2,710
3,425
905
2,520
" 3,486
820
r
2,666
3,555
869
2,686
43,860
9,844
34,016
45,703
11,005
34,698
4,078
951
3,127
3,682
904
2,778
3,565
869
2,696
3,936
899
3,037
3,884
921
2,963
3,878
910
2,968
3,692
908
2,784
4,147
1,039
3,108
3,745
933
2,812
3,491
917
2,574
-3,511
847
r
2,664
3,549
841
2,708
4,616
4,206
4,608
4,730
4,731
4,678
4,606
4,418
4,419
4,365
4,263
4,206
4,211
4,187
8,009
504
7,908
7,957
723
7,921
579
7,810
7,850
690
750
528
748
703
774
626
542
643
612
805
617
465
644
694
669
739
532
659
676
745
599
492
642
639
748
646
461
630
677
701
675
496
654
640
715
718
523
703
691
727
608
506
629
625
731
677
579
563
604
690
541
525
601
594
696
601
499
637
627
706
754
560
737
693
750
139.6
' 169.5
169.8
171.1
167.8
161.8
167.0
170.9
176.6
172.1
177.5
186.3
200.7
226.1
250.3
Exports total sawmill products
Imports total sawmill products thous cubic meters
SOFTWOODS
[Millions of board feet, unless otherwise indicated]
Douglas fir:
Orders new
Orders, unfilled, end of period
Production
Shipments
Stocks (gross), mill, end of period
Exports, total sawmill products, thous. cubic meters
Sawed timber, thous. cubic meters
Boards, planks, scantlings, etc., thous. cubic
meters
Producer Price Index, Douglas fir, dressed,
1982-100
See footnotes at end of tables.
r
265.9
May 1993
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS
STATISTICS, 1963-91
1992
Annual
1991
1992
Mar.
Apr.
May
June
July
1993
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
1,397
839
1,215
1,241
931
1,108
1,076
"1,025
852
Mar.
Apr.
184.0
184.2
13. LUMBER AND PRODUCTS-Continued
SOFTWOODS-Continued
[Millions of board feet, unless otherwise indicated]
Southern pine:
Orders, new
Orders, unfilled, end of period
Production
Shipments
Stocks (gross), mill and concentration yards, end of
period
Exports, total sawmill products, cubic meters
Producer Price Index, southern pine, dressed,
1982=100
948
708
12,287
571
12,367
12,415
14,370
957
13,812
14,041
1,201
719
1,177
1,189
1,086
674
1,180
1,134
1,035
684
1,264
741
1,376
800
1,067
1,024
1,170
1,205
1,228
1,315
1,249
859
1,115
1,193
1,143
1,109
1,251
2,134
1,931
2,069
2,114
2,158
2,125
2,043
1,959
1,990
1,957
130.6
133.9
135.7
126.4
123.5
127.9
136.3
129.9
131.4
878
524
746
441
790
774
1,274
891
471
832
863
1,200
690
442
743
719
1,224
520
765
810
499
858
876
1,179
737
482
746
775
1,150
167.9
159.6
153.8
147.7
150.4
14.7
17.3
7.0
14.1
20.1
7.5
15.8
21.1
6.3
16.7
19.5
5.7
21.2
17.4
5.6
22.4
18.9
5.5
111.0
r
Western pine:
Orders, new
Orders, unfilled, end of period
Production
Shipments
Stocks (gross), mill, end of period
9,535
493
9,510
9,525
1,196
9,385
504
9,244
9,374
1,064
877
1,185
669
470
755
723
1,217
Producer Price Index, other softwood, dressed,
1982=100
130.0
157.3
167.3
170.7
15.8
199.9
7.7
22.4
222.5
5.5
18.2
19.4
17.7
18.4
7.1
1,152
957
1,076
1,055
"1,115
"1,137
1,285
1,023
1,118
1,107
1,913
1,931
1,911
1,920
141.4
154.9
1,132
782
502
730
779
1,083
675
504
653
672
1,064
766
562
707
708
1,063
1,028
629
451
706
710
1,024
148.8
153.7
" 168.0
181.1
210.3
232.8
230.1
22.9
18.4
5.3
21.2
17.7
4.1
21.7
21.2
4.1
21.7
18.2
3.4
r
532
694
729
HARDWOOD FLOORING
[Millions of board feet]
Oak:
Orders, unfilled, end of period
Shipments
Stocks (gross), mill, end of period
6.8 i
14.7
16.5
8.2
13.7
16.5
7.3
14. METALS AND MANUFACTURES
IRON AND STEEL
[Thousands of short tons]
Exports:
Steel mill products
Scrap
Pig iron
6,346
10,301
17
10,142
36
357
744
4
389
707
2
369
969
2
376
775
2
297
937
1
336
645
2
332
987
3
341
956
3
355
817
348
909
2
354
716
4
335
851
3
359
818
3
Imports:
Steel mill products
Scrap
Pig iron
15,741
1,183
479
16,974
1,408
545
1,288
125
75
1,584
112
18
1,425
165
21
1,394
90
1,390
90
37
1,438
144
56
1,383
124
25
1,386
144
67
1,614
127
72
1,364
120
40
1,535
103
94
130
26
1,380
133
120
21,300
35,773
57,!
4,250
21,167
40,219
63,764
3,910
1,901
2,530
5,520
4,210
1,907;
3,409
5,392
4,190
1,704
3,415
5,432
4,170
1,825
3,493
5,371
4,188
1,761
3,215
5,059
4,187
1,731
3,320
5,211
4,132
1,734
3,451
5,273
4,192
1,707
3,666
5,468
4,079
1,539
3,437
5,277
4,002
1,667
3,424
5,286
3,910
91.79
84.67
86.61
87.24
85.90
83.72
83.66
83.95
84.32
83.00
82.67
85.49
96.91
104.80
104.98
55,516
54,967
13,335
55,513
56,529
12,503
4,412
2,532
386
4,845
5,431
5,133
6,056
1,564
4,62:4
5,941
1,453
4,771
6,049
1,282
4,630
6,186
1,175
4,993
4,859
1,335
4,538
5,291
1,583
4,180
5,069
1,130
4,276
4,890
717
4,391
2,170
4,171
4,559
2,618
759
65,133
63,658
4,045
25,445
4,853
17,611
. 2,981
66,711
68,552
5,057
22,856
2,836
5,970
3
6,997
5,823
540
21,501
10,236
9,161
2,104
7,565
5,588
708
22,492
9,027
11,157
2,308
7,273
5,669
628
23,046
7,763
12,769
2,514
6,765
5.672
526
21,721
6,438
13,925
2,834
6,525
5,414
493
22,735
5,976
15,040
2,923
6,453
5,763
555
23,190
5,227
15,731
2,938
5,827
5,572
383
23,433
4,344
15,985
3,104
5,813
5,776
440
22,856
3,783
16,092
2,981
"3,013
20,922
11,745
8,175
1,002
5,604
5,809
475
20,550
11,159
7,991
1,400
48,503
44,638
214
52,224
51,103
4,524
4,379
184
4,400
4,290
211
4,444
4,307
222
4,232
4,162
211
4,347
4,255
216
4.299
4,258
224
4,065
4,063
220
5,329
4,056
226
4,268
4,482
216
4,306
4,466
217
4,289
Iron and Steel Scrap
[Thousands of metric tons, unless otherwise indicated]
Production
Receipts, net
Consumption
Stocks, end of period
Composite price, No. 1 heavy melting scrap:
American Metal Market, $ per metric ton
Ore
[Thousands of metric tons]
Iron ore (operations in all U.S. districts):
Mine production
Shipments from mines
Imports
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
Consumption at iron and steel plants
Exports (domestic)
Stocks, total, end of period
At mines
At furnace yards
At U.S. docks
3,783
16,092
2,981
639
1,222
684
"2,122
"5,570
2
2,938
5,913
-2,310
"20,824
9.030
"9,707
"2,087
20,639
10,927
8,175
1,537
4,503
4,503
4,454
"5,951
240
"21,539
6,075
"13,154
Manganese (manganese content), general imports
Pig Iron and Iron Products
[Thousands of short tons, unless otherwise indicated]
Pig iron:
Production (including production of ferroalloys)
Consumption, thous. metric tons
Stocks, end of period, thous. metric tons
Castings, gray and ductile iron:
Shipments, total
For sale
Castings, malleable iron:
Shipments, total
For sale
Sae footnotes at end of tables.
7,174
5,391
261
140
217
May 1993 •
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS
STATISTICS, 1963-91
Annual
1991
1992
1992
Mar.
Apr.
May
June
July
S-25
1993
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
7,742
7,449
7,438
77.7
7,942
81.6
7,942
84.8
8,148
87.0
7,090
6,512
6,572
6,976
533
539
611
29
1,15617
403
126
381
71
313
3,461
1,128
1,108
513
478
546
30
1,043
533
391
113
361
5;
301
3,182
1,079
998
548
470
541
42
1,070
554
407
105
352
50
328
3,171
1,125
986
570
467
591
56
1,144
628
388
123
370
65
326
3,38;
1,081
1,078
Apr.
14. METALS AND MANUFACTURES-Continued
Steel, Raw and Semifinished
[Thousands of short tons, unless otherwise specified]
Steel (raw):
Production
Rate of capability utilization, percent
92,949
82.2
8,043
83.5
7,875
85.3
7,968
83.5
7,584
82.
7,545
78.9
7,526
78.
78,868
76,625
7,10
6,949
6,75'
7,105
6,693
6,786
6,872
5,722
6,938
486
6,305
5,518
62;
445
628
68
Bars and tool steel, total
Bars: Hot rolled (including light shapes)
Bars: Reinforcing
Bars: Cold finished
13,21
6,902
4,934
1,326
12,219
5,229
4,781
1,14"
Pipe and tubing
Wire-drawn and/or rolled
Tin mill products
Sheets and strip (including electrical), total
Sheets: Hot rolled
Sheets: Cold rolled
4,488
864
4,040
36,244
12,98;
11,356
58;
422
635
59
1,167
619
413
130
375
86
3,92'
- 39,521
57"
470
588
47
1,062
579
354
124
364
75
351
3,221
1,042
1,035
563
450
41
36
1,155
637
380
132
382
79
392
3,390
1,079
1,082
555
478
63;
36
1,139
581
43;
115
338
78
344
3,08;
1,01;
1,007
580
472
575
32
1,106
518
416
113
335
73
354
3,259
1,090
1,029
Steel castings:
Shipments, total
For sale, total
87,896
74.2
7,249
78.3
1,00
908
Steel Mill Products
[Thousands of short tons]
Steel products, net shipments:
Total (all grades)
By product:
Semifinished products
Structural shapes (heavy), steel piling
Plates
Rails and accessories
By market (quarterly):
Service centers and distributors
Construction, incl. maintenance
Contractors' products
Automotive
Rail transportation
Machinery, industrial equipment, tools
Containers, packaging, ship, materials
Other
6,579
563
3,645
815
- 13,211
-12,760
343,426
1,133
1,145
1,075
590
355
125
328
87
331
3,361
1,128
1,099
555
504
578
3
1,144
606
409
123
340
71
323
3,388
1,140
1,127
1,714
1,798
633
2,532
190
413
1,038
8,747
4,87;
1,897
60"
2,901
250
433
1,100
8,965
7,886
552
468
581
58
1,170
619
426
120
365
71
31
3,290
1,094
965
4,918
1,780
613
2,608
200
386
889
8,559
636
496
694
65
1,203
658
398
142
398
82
374
3,928
1,306
1,168
5,301
1,786
578
3,047
262
454
1,026
17,485
6,814
2,261
9,445
837
1,648
4,278
36,100
1,646
3,968
35,130
5,165
1,69;
613
2,656
250
414
941
8,859
12.9
7.
5.4
12.6
7.2
5.3
13.1
7.
5.6
13.0
7.
5.5
13.1
7.5
5.6
12/
7.4
5.3
12.9
7.3
5.6
12.9
7.3
5.6
12.6
7.0
5.6
12.5
7.0
5.5
12.5
7.1
5.4
12.6
7.2
5.3
12.7
7.4
5.3
12.8
7.5
5.3
12.1
7.0
5.1
5.9
5.9
6.1
5.8
5.9
5.8
6.0
5.4
5.8
5.8
5.8
5.9
5.9
5.9
5.8
4,121
2,210
r
4,042
- 2,284
343
-195
330
199
342
-203
330
190
340
189
330
-191
343
-197
355
-176
347
171
1,024.7
256.5
1,155.4
305.8
97.1
25.0
94.6
26.8
96.3
26.0
87.8
26.0
339
190
82.4
30.0
103.4
25.9
94.3
25.9
108.4
25.9
100.5
26.0
96.8
25.9
120.8
30.6
792.8
508.7
603.1
553.8
49.7
52.1
38.6
49.9
33.6
49.9
39.8
52.4
50.0
44.8
50.3
46.9
40.4
46.4
82.1
45.5
50.5
41.2
73.5
28.4
54.8
46.4
.5946
.5752
.5928
.6103
.5999
.5842
.5982
.5815
.5373
.5276
.5553
.5613
.5550
.5353
15,298
11,667
7,501
1,905
- 15,860
- 12,380
8,131
1,343
1,251
1,070
1,275
1,073
691
1,327
1,068
687
1,325
1,060
696
1,350
1,027
663
1,327
1,033
1,421
1,073
692
1,287
962
1,380
946
636
1,320
981
582
1,311
977
601
1,501
1,123
3,913
47,097
3,869
3,872
3,926
3,868
3,967
-4,133
4,360
4,265
4,372
1,631.1
1,577.4
- 1,760.5
135.9
128.3
87.1
41.1
45.1
7,172
2,466
10,697
890
9,070
[Millions of short tons]
Producing steel mills, inventory, end of period:
Total
Steel in process
Finished steel
Steel service centers (warehouses), inventory, end of
period
NONFERROUS METALS AND PRODUCTS
[Thousands of metric tons, unless otherwise specified]
Aluminum:
Production, primary (dom. and foreign ores)
Recovery from scrap
Imports:
Metal and alloys, crude
Plates, sheets, bars, etc
Exports:
Metal and alloys, crude
Plates, sheets, bars, etc
Price, U.S. market, 99.7% purity, monthly average,
$ per Ib
Aluminum products:
Shipments:
Ingot and mill prod, (net ship.), mil. Ib
Mill products, total, mil. Ib
Sheet and plate, mil. Ib
Castings, mil. Ib
Inventories, total (ingot, mill products, and scrap),
end of period, mil. Ib
Copper:
Production:
Mine, recoverable copper
Refined from primary materials
Electronically refined @
Electrowon
Refined from scrap
Imports, unmanufactured:
Refined, unrefined, scrap (copper cont.)
Refined
Exports:
Refined and scrap
Refined
Consumption, refined (reported by mills, etc.)
Stocks, refined, end of period
Price, avg. U.S. producer cathode, delivered, $ per
See footnotes at end of tables.
1,093
702
292
166
3,971
4,032
141.5
140.3
100.2
40.0
143.0
145.6
103.6
42.0
34.8
151.3
134.4
91.2
43.2
36.7
149.1
139.0
93.5
45.5
39.4
155.2
153.3
106.5
46.8
27.8
152.0
-145.1
101.9
43.1
35.4
152.0
149.1
105.0
-44.2
39.8
151.5
151.5
102.4
44.4
40.0
150.0
145.7
102.4
43.3
34.3
154.2
155.5
108.9
46.7
35.8
135.5
141.7
104.1
37.5
35.3
1,136.2
441.2
417.8
- 1,720.4
-1,197.6
-522.8
-433.2
442.0
288.6
509.6
289.1
45.0
31.9
44.6
25.2
37.6
25.3
46.2
26.1
45.0
24.7
37.6
25.3
47.7
24.0
32.5
19.6
32.4
20.3
44.2
20.8
31.7
21.8
679.7
263.2
2,058
132
556.8
176.9
-2,183
-204
39.9
10.8
197
122
34.2
12.3
192
123
30.5
11.7
189
116
43.2
12.0
199
115
38.4
9.3
173
132
48.1
13.0
163
154
51.2
13.6
188
-165
42.7
24.1
-189
-166
66.3
14.1
-167
172
64.4
16.1
-158
-204
38.3
14.0
191
203
182
192
1.0933
1.0742
1.0618
1.0474
1.0493
1.1865
1.1714
1.1250
1.0515
1.0139
1.0354
1.0540
1.0365
690
.5184
o-zb
• May 1993
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS
STATISTICS, 1963-91
Annual
1991
|
1993
1992
1992
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
33.3
79.6
19.9
105.4
30.8
76.9
'22.0
98.2
"31.7
74.3
17.1
33.3
71.1
'92.9
108.5
64.0
64.2
61.8
Feb.
Mar.
Apr.
14. METALS AND MANUFACTURES-Continued
NONFERROUS METALS AND PRODUCTSContinued
[Thousands of metric tons, unless otherwise specified]
Copper-base mill and foundry products, shipments
(quarterly total):
Brass mill products, mil. Ib
Copper wire mill products (copper content), mil. Ib.
Brass and bronze foundry products, mil. Ib
Lead:
Production:
Mine, recoverable lead
Recovered from scrap (lead content)
Imports, ore (lead content)
Consumption, total
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
Refiners' (primary), refined and antimonial (lead
content)
Consumers' (lead content) 0
Scrap (lead-base, purchased), all smelters
(gross weight)
Price, common grade, delivered, $ per Ib. @@
Tin:
Imports (for consumption):
Ore (tin content), metric tons
Metal, unwrought, unalloyed, metric tons
Recovery from scrap, total (tin content), metric tons
As metal, metric tons
Consumption, total, metric tons
Primary, metric tons
Exports (metal), metric tons
Stocks, pig (industrial), end of period, metric tons ..
Price, Straits quality (delivered), $ per Ib
Zinc:
Mine prod., recoverable zinc
Imports:
Ores (zinc content)
Metal (slab, blocks)
Consumption (recoverable zinc content):
Ores
Scrap, all types
Slab zinc:
Production, total ±
Consumption, fabricators
Exports
Stocks, end of period:
Producers', at smelter (ABMS)
Consumers'
Price, high grade, $ per Ib
1
465.9
883.7
128.9
1,246.3
' 393.7
887.8
196.0
"1,210.8
34.0
66.5
15.2
108.3
31.2
71.0
17.7
98.5
31.5
73.3
15.7
96.0
32.4
72.3
16.3
103.5
33.8
71.1
15.6
94.8
32.5
77.7
14.3
104.8
68.8
64.2
67.1
70.0
65.5
67.9
69.7
67.8
'9.1
72.0
20.5
"65.0
21.6
53.6
25.2
60.4
28.9
62.6
26.5
63.3
26.6
68.6
22.3
65.6
17.7
65.3
15.0
61.6
14.8
63.2
20.5
'65 0
28.1
66.2
16.8
.3348
15.9
.3510
16.7
.3430
17.3
.3438
13.3
.3427
13.1
.3453
16.5
.3633
17.3
19.2
.3849
18.9
.3591
15.1
.3307
17.0
.3247
13.6
.3215
29,102
12,949
234
49,000
36,900
27,314
6,099
208
43,900
33,400
1,877
543
17
3,700
2,700
113
2.901
4.0270
2,896
470
17
3,800
2,800
186
2,651
4.3167
3,800
2,800
121
3,111
4.5323
3,058
551
18
3,500
2,800
144
3,321
4.4188
1,625
529
17
3,600
2,900
199
3,454
4.3420
1,512
519
18
3,600
2,900
179
3,654
3.9800
1,790
504
17
3,400
2,700
101
3,178
3.8000
1,977
472
17
3,300
2,600
110
3,221
3.8100
2,089
'524
1,889
37,603
4.0236
1,940
535
18
3,800
2,800
232
2,877
3.8683
3,319
562
17
970
3,024
3.6285
2,027
544
17
3,800
2,800
136
2,844
3.7525
'3,400
'2,700
233
'3,368
r
3.9000
3,373
'3.8400
517.8
' 520.1
47.7
40.3
40.7
40.4
46.2
49.1
47.6
36.2
40.4
42.2
48.0
42.8
45.4
549.1
44.6
644.7
10.6
52.6
3.9
58.8
2.3
50.3
2.0
39.7
4.7
52.2
55.7
2.5
53.1
2.1
58.4
2.6
58.4
1.6
48.5
4.6
49.3
2.4
252.8
2.4
253.2
.2
21.1
.2
21.1
.2
21.1
.2
21.1
.2
21.1
.2
21.1
.2
21.1
.2
21.1
.2
21.1
.2
21.1
.2
21.1
194.4
902.0
5.5
209.5
'1,030.0
6.0
18.0
85.0
.4
17.2
89.9
.4
17.3
76.0
.6
17.7
7(5.9
.6
16.5
83.0
.6
17.4
84.5
.5
18.1
87.0
.5
18.6
93.0
.5
16.9
80.6
.5
17.4
80.0
.5
17.4
'84.0
.6
16.8
80.0
18.5
17.2
4.6
38.9
.5277
7.3
38.5
.5838
6.7
37.0
.5695
5.3
37.0
.6053
5.7
39.5
.6317
4.8
45.4
.6375
4.5
36.9
.6239
4.5
39.5
.6495
3.8
37.5
.6537
4.4
36.0
.5596
4.9
37.6
.5000
7.3
38.5
.5012
7.1
'37.7
.5052
5.4
37.2
.5090
4.5
4.7
116.7
115.9
119.0
1
4
3
32.5
77.5
18.7
106.6
60.9
61.0
66.7
.3152
.3141
.3156
495
3.500
2,700
3.7800
MACHINERY AND EQUIPMENT
[Millions of dollars, unless otherwise specified]
Industrial heating equipment, new orders (domestic),
qtrly#
Electric processing heating equipment
Fuel-fired processing heating equipment
Materials handling equipment, dollar value bookings
index, 1982=100
Industrial supplies, machinery, and equipment:
New orders index, seas, adj., 1987=100
Industrial suppliers distribution:
Sales index, not seas, adj., 1990=1.00
Inflation index, not seas. adj. (tools, material
handling equipment, valves, fittings, abrasives,
fasteners, metal products, etc.), 1977=100
Fluid power products shipments indexes:
Hydraulic products, 1990=100
Pneumatic products, 1990=100
Machine tools:
Metal cutting type tools:
Orders, new (net), total
Domestic
Shipments, total
Domestic
Order backlog, end of period
Metal forming type tools:
Orders, new (net), total
Domestic
Shipments, total
Domestic
Order backlog, end of period
See footnotes at end of tables.
68.5
14.1
11.4
73.3
13.5
13.1
404.0
87.9
133.3
179.3
154.0
153.2
186.1
116.1
116.1
115.1
112.8
1-18.1
125.1
128.2
119.7
112.3
114.3
117.8
.9552
.9852
1.0213
.9997
.9648
1.0221
.9408
.9708
1.0024
1.0526
.9395
.9929
195.9
199.8
198.5
199.2
199.5
199.8
199.5
199.3
199.4
199.2
87.9
99.3
91.9
101.3
96.9
106.1
93.3
104.8
89.5
95.9
96.7
105.0
90.9
104.0
90.0
98.5
96.7
101.5
99.2
106.3
86.5
95.3
88.9
103.5
92.7
103.8
96.4
109.1
112.8
127.5
102.3
112.3
1,893.95
1,549.20
1,871.80
1,595.35
1,186.2
'1,756.35
1,531.75
1,917.80
1,605.05
1,024.7
183.40
163.20
215.45
185.70
1,225.8
158.00
134.25
156.45
130.50
1,227.3
109.35
96.50
124.40
100.30
1,212.2
145.50
124.75
161.15
139.80
1,196.6
154.60
142.70
133.10
110.10
1,218.1
91.50
74.80
131.70
107.25
1,177.9
204.70
163.90
199.70
165.70
1,182.9
119.00
102.20
142.40
117.25
1,159.5
122.30
112.15
137.45
120.55
1,144.4
240.85
123.25
269.50
208.60
1,024.7
127.10
106.40
166.90
146.65
984.9
'211.90
195.95
'181.45
'150.30
'1,015.4
242.80
223.00
223.10
199.40
1,035.1
250.75
245.30
186.10
165.45
1,099.7
748.15
546.35
801.65
624.60
250.9
725.90
608.80
678.15
547.10
298.7
59.40
47.65
71.05
52.30
240.4
61.50
56.05
42.85
34.65
259.1
49.80
37.60
45.10
33.40
263.8
65.95
50.20
78.30
62.80
251.5
50.75
37.40
50.90
44.10
251.3
68.75
60.85
39.75
33.15
280.3
71.15
61.60
54.30
49.10
297.2
87.75
81.65
55.25
40.90
329.7
39.00
30.95
74.35
68.30
294.3
56.35
48.65
52.00
43.75
298.7
48.45
34.65
82.00
72.85
265.1
'70.75
'47.80
'55.50
'43.65
'271.4
89.30
80.80
94.75
84.05
265.9
97.45
65.00
63.60
51.35
299.8
135.1
107.5
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS
STATISTICS, 1963-91
Annual
1991
|
May 1993
1992
1992
Mar.
Apr.
May
June |
July
•
S-27
1993
Aug. F
Oct. I
Nov. I
Dec.
Jan
2',813
6,731
2,556
6,052
2,100
5,677
1,624
4,451
1,440
Sept.
Feb.
Mar.
4,773
1,384
6,224
1,632
Apr.
14. METALS AND MANUFACTURES-Continued
MACHINERY AND EQUIPMENT-Continued
Tractors used in construction, shipments, qtrly:
Tracklaying (ex. shovel loaders), units
Tracklaying (ex. shovel loaders), mil. $
Wheel (contractors' off-highway), units
Wheel (contractors' off-highway), mil. $
Shovel loaders, units
Shovel loaders mil $
7,423
988.7
2,609
244.5
56,094
1,854.5
ELECTRICAL EQUIPMENT
[Thousands]
Batteries (auto.-type replacement), shipments
Radio sets, factory sales, domestic market U
Television sets (incl. combination models), production,
total market * *
66,585
18,530
65,347
21,552
19,649
21,304
1,821
1,489
1,619
1,869
1,402
1,933
2,448
2,046
1,902
1,932
1,673
1,632
2,109
1,537
Household major appliances, industry shipments #
Air conditioners (room)
Dishwashers
Disposers (food waste)
Microwave ovens/ranges
Ranges
Refrigerators
Freezers
Washers
Dryers, including gas
Vacuum cleaners (qtrly)
40,997
2,807
3,571
4,002
7,234
3,309
7,273
1,414
6,197
4,313
10,970
44,306
2,839
3,820
4,196
8,390
3,576
7,760
1,677
6,514
4,719
11,681
4,107
523
331
350
689
300
614
128
602
435
2,913
3,842
545
321
298
618
302
640
120
508
357
3,846
557
293
304
650
270
657
132
495
356
4,035
380
321
416
628
301
788
176
553
388
2,702
3,671
243
300
311
620
281
813
205
486
340
3,664
106
310
389
736
289
660
166
575
394
3,855
5
329
458
787
305
716
135
625
449
2,894
3,837
24
346
331
903
346
691
160
582
434
3,448
22
359
295
754
335
595
138
534
399
3,618
104
370
401
627
343
643
136
540
425
3,172
3,021
134
285
342
499
259
449
78
516
413
3,392
236
307
333
559
276
529
121
534
406
4,873
478
378
428
709
338
636
130
675
494
3,365
3,648
453
317
320
495
305
615
119
506
379
2,057
2,401
3,936
2,107
2,617
4,241
158
208
364
152
213
364
142
209
335
166
224
339
176
204
308
195
193
316
224
224
338
236
257
370
180
250
374
162
267
418
165
180
383
158
198
375
158
247
418
5,116
1,585
4,367
1,404
4,770
1,344
5,557
1,524
5,526
1,783
6,099
1,929
r
GAS EQUIPMENT (RESIDENTIAL)
[Thousands]
Furnaces warm air shipments
Ranges, total, shipments
Water heaters (storage), automatic, shipments
214
15. PETROLEUM,!DOAL, AND PRODUCTS
COAL
[Thousands of short tons, unless otherwise specified]
Anthracite:
Production
ExDorts thous metric tons
Producer Price Index, 1982=100
Bituminous and lignite:
Production
Consumption, total
Electric power utilities
Industrial, total
Coke plants (oven and beehive)
Residential and commercial
Stocks, end of period, total
Electric power utilities
Industrial, total
Oven-coke plants
Exports excluding lignite, thous metric tons
Producer Price Index, 1982=100
3,445
'"3,542
279
296
274
287
'305
'337
'311
'322
'321
'306
174
170
185
191
105.6
105.8
106.4
105.7
105.2
105.2
105.4
105.5
106.0
106.0
105.7
'105.8
105.7
105.8
105.8
105.8
992,539
' 996,708
'85,827
' 82,377
'80,210
'79,981
'80,768
'84,401
'83,555
'86,265
'80,240
'83,021
79,361
75,340
83,762
80,822
971
949
93 6
94 7
94 9
95 9
95 2
95 0
95 0
95 6
94 7
'96 4
948
94 9
951
94 7
24,046
41,493
43,380
5 892
3,565
3,523
3,676
5 850
3,720
3,850
3,634
5,837
3,546
3,495
3,525
3,870
3,708
3,445
2,107
1,856
252
1,953
1,905
2101
1,838
263
2,026
2,198
2,354
2 027
1,755
271
2,267
2,212
2,170
2,055
1,784
271
2,288
i"792
1,865
1,905
2,099
2,119
61.9
4,930.4
86
58.0
4,982.6
88
51.0
412.0
85
56.0
403.0
86
59.2
429.3
88
64.3
428.6
92
61.9
439.5
91
60.5
423.1
89
63.1
418.6
91
63.4
423.1
89
58.5
413.9
90
'53.8
414.8
87
52.4
408.5
87
56.5
368.5
87
58.1
57.6
772,315
158,004
COKE
[Thousands of short tons, unless otherwise specified]
Production:
Beehive and oven (byproduct)
Petroleum coke 5
Stocks, end of period:
Oven-coke plants total
At furnace plants
At merchant plants
Petroleum coke
Exports thou metric tons
PETROLEUM AND PRODUCTS
[Millions of barrels, unless otherwise specified]
Crude petroleum:
Producer Price Index, 1982-100
Gross input to crude oil distillation units
Refinery operating ratio, % of capacity
All oils, supply, demand, and stocks:
New supply, total 0
Production:
Crude Detroleum
Natural gas plant liquids
Imports:
Crude and unfinished oils
Refined products
Change in stocks all oils
Product demand total
Exports:
Crude petroleum
Refined products
See footnotes at end of tables.
6,129.8
6,157.4
500.8
514.6
516.3
500.6
538.7
524.9
509.4
542.2
505.3
522.7
533.8
472.3
2,707.0
639.2
2,618.3
668.5
226.8
55.9
218.7
53.9
220.4
55.6
214.2
53.6
220.0
56.1
214.8
54.2
210.6
54.1
219.0
59.1
210.8
58.2
220.9
59.2
217.2
69.7
194.8
55.7
2,275.6
508.0
-3.7
6,465.7
2,395.0
475.9
-24.0
6,571.4
180.6
37.5
-16.1
548.7
200.7
41.3
11.5
531.3
200.5
39.9
20.5
536.2
194.6
38.3
.8
536.6
228.3
34.4
18.3
557.6
215.1
40.8
.7
549.4
202.9
41.8
13.8
530.9
222.5
41.6
5.6
568.5
196.8
39.4
-5.2
542.4
199.1
43.6
-43.5
593.6
211.3
35.6
19.6
541.1
187.3
34.4
-16.2
515.7
42.4
322.8
32.6
314.7
3.3
25.0
.7
27.4
3.3
24.2
3.2
25.5
1.7
27.1
4.1
20.3
2.0
23.3
3.3
24.7
3.3
26.5
3.4
34.9
4.0
25.5
4.6
S-28 • May 1993
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS
STATISTICS, 1963-91
Annual
1991
1993
1992
1992
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct. |
Nov.
Dec.
512.5
555.3
229.3
1.3
Jan.
Feb.
Mar.
Apr.
15. PETROLEUM ,COAL, AND PRODUCTS-Continued
PETROLEUM AND PRODUCTS-Continued
[Millions of barrels, unless otherwise specified]
All oils, supply, demand, and stocks—Continued
Domestic product demand, total #
Gasoiine
Kerosene
Distillate fuel oil
Residual fuel oil
Jet fuel
Lubricants
Asphalt
Liquefied petroleum gases
Stocks, end of period, total
Crude petroleum
Strategic petroleum reserve
Unfinished oils, natural gasoline, etc
Refined products
Refined petroleum products:
Gasoline (incl. aviation):
Production
Stocks, end of period
Prices, regular grade (excl. aviation):
Producer Price Index, 1982=100
Retail, U.S. city average (BLS):
Leaded, $ per gal.
Unleaded, $ per gal
Aviation gasoline:
Production
Stocks, end of period
Kerosene:
Production
Stocks, end of period
Producer Price Index (light distillate), 1982=100
Distillate fuel oil:
Production
Imports
Stocks, end of period
Producer Price Index (middle distillate),
1982=100
Residual fuel oil:
Production
Imports
Stocks, end of period
Producer Price Index, 1982=W0
Jet fuel:
Production
Stocks, end of period
Lubricants:
Production
Stocks, end of period
Asphalt:
Production
Stocks, end of period
Liquefied petroleum gases:
Production, total
At gas processing plants (L.P.G.)
At refineries (L.R.G.)
Stocks (at plants and refineries)
6,100.6
6,223.8
2,670.2
503.1
218.2
1.0
92.0
646.7
520.4
222.1
2.5
98.6
35.8
42.4
4.6
7.3
52.2
1,617.0
893.1
568.5
147.1
576.7
1,591.7
892.8
574.7
150.3
548.7
2,554.0
183.3
2,592.7
179.1
2,631.7
16.9
1,066.1
422.6
537.1
53.4
162.2
616.3
16.2
1,091.1
399.9
531.2
54.4
165.8
4.8
11.4
46.8
508.8
226.7
.7
85.3
31.9
41.2
5.6
15.4
51.0
507.8
224.4
.3
80.9
30.0
43.1
4.6
20.7
46.2
1,569.3
907.1
568.5
158.9
503.2
1,580.8
916.4
568.5
155.5
508.9
1,601.3
911.8
568.5
153.1
536.4
208.1
182.9
209.3
184.1
31.4
41.9
60.4
69.2
528.8
83.2
31.0
44.5
4.5
20.3
47.5
525.0
230.8
.4
84.8
28.4
48.8
4.4
21.8
46.5
505.5
220.9
.6
87.9
26.0
43.3
4.6
20.7
48.6
540.5
227.9
1.1
94.0
34.4
45.9
4.5
18.1
58.6
1,602.1
894.5
569.5
156.9
550.7
1,620.4
902.2
569.6
156.1
562.2
1,621.1
898.8
570.1
155.0
567.3
1,634.9
893.4
571.4
163.3
578.3
220.9
187.3
216.7
189.6
224.0
183.1
212.3
168.2
73.3
79.1
79.7
1.136
1.179
.7
1.4
236.6
1.7
214.1
1.0
511.6
209.4
2.0
103.0
492.2
199.9
2.6
31.4
102.6
40.8
45.9
4.2
11.1
63.0
48.1
3.6
7.2
67.6
31.6
45.4
4.6
4.5
59.4
102.4
31.6
41.7
4.0
6.5
54.0
1,640.5
906.1
573.6
161.7
572.7
1,635.3
898.8
574.0
158.5
577.9
1,591.7
892.8
574.7
150.3
548.7
1,611.4
901.0
575.3
162.9
547.5
1,595.1
907.1
575.8
162.8
525.
212.5
169.8
223.6
169.1
220.1
178.0
229.9
179.1
222.7
197.0
199.4
201.7
78.8
75.8
76.1
75.3
1.175
1.158
1.158
1.154
1.159
1.136
1.117
1.108
.9
1.6
.9
1.6
.8
1.7
.5
1.7
.4
1.6
.5
1.5
.5
1.7
.5
1.9
87.9
r
69.8
1.140
1.127
1.058
1.079
8.0
1.6
7.8
1.5
.6
1.6
.5
1.5
14.0
5.8
65.9
14.8
5.5
61.2
1.0
4.2
55.8
.7
3.8
57.0
.8
3.8
61.2
.6
4.0
63.5
1.3
3.8
66.5
.9
5.1
64.2
1.1
5.7
64.2
1.6
5.9
65.8
1.8
6.1
63.1
1.6
5.5
'60.1
2.3
5.3
59.1
1.8
4.5
59.9
1,081.0
74.8
143.5
1,090.2
78.0
140.6
85.3
6.7
97.7
88.6
6.0
92.0
91.1
5.6
96.5
90.0
4.7
104.3
95.3
5.3
115.4
7.3
122.8
89.5
7.1
127.1
100.8
8.1
136.7
97.1
7.1
146.1
98.6
7.1
140.6
90.2
5.6
130.2
78.8
6.3
109.4
65.2
61.6
56.0
59.0
62.1
65.4
64.6
63.3
65.6
64.2
'59.4
58.4
341.1
165.4
49.9
49.1
326.7
136.5
42.7
'45.9
30.7
12.1
40.4
35.3
27.0
10.3
38.3
38.8
29.9
10.2
40.0
43.7
26.8
10.0
39.9
46.8
26.0
8.7
38.3
45.5
25.3
10.7
43.0
49.2
24.3
10.5
47.3
53.7
25.4
11.6
45.1
49.5
26.9
12.5
46.6
53.6
26.8
14.9
42.7
'56.2
25.4
11.9
44.2
49.6
23.5
9.1
42.1
51.6
525.0
48.8
511.9
43.3
41.8
43.8
38.5
41.6
43.1
45.4
41.2
44.8
45.7
46.5
45.6
45.6
43.4
47.9
43.6
47.7
43.7
46.4
45.3
43.3
44.5
41.0
40.4
42.3
57.0
12.3
57.6
13.3
5.0
12.3
5.2
12.4
4.5
11.1
4.4
10.6
4.9
10.9
5.1
11.6
4.7
11.8
4.9
12.0
4.7
12.3
4.9
13.3
4.8
13.5
4.5
13.7
156.8
22.3
152.5
17.4
9.5
30.5
12.5
32.1
14.1
32.0
15.7
27.6
16.4
24.4
16.5
19.7
16.9
16.4
14.7
13.5
11.6
15.0
17.4
8.8
22.1
8.6
25.3
683.1
487.5
195.6
92.3
720.8
500.2
220.6
88.7
62.8
42.7
20.1
72.5
63.4
41.4
22.0
84.6
65.5
42.5
23.0
63.0
40.9
22.1
109.7
64.4
41.2
23.2
120.3
62.4
40.3
22.1
131.8
56.7
39.6
17.1
132.9
58.5
42.6
15.9
125.5
55.6
42.5
13.1
109.1
57.2
43.9
13.3
88.7
57.0
43.7
13.3
75.0
53.6
40.3
13.3
66.3
67.2
69.3
1.098
T.112
60.5
59.1
63.3
62.4
48X)
54"i
16. PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD
[Thousands of cords (128 cu. ft.)]
Receipts
Consumption
Inventories, end of period
96,659
98,242
5,688
103,373
104,598
5,314
8,194
8,166
5,655
8,101
8,411
5,580
8,331
8,693
5,594
8,711
8,861
5,484
9,048
9,209
5,373
8,765
8,924
5,358
8,924
8,781
5,551
9,188
8,992
6,056
8,221
8,720
5,667
8,980
9,280
5,314
8,697
9,076
4,948
8,865
8,850
5,372
22,845
1,113
'25,355
'1,057
2,114
1,030
2,002
1,040
2,076
1,056
2,095
1,090
2,057
1,112
2,118
1,078
2,132
1,131
2,181
1,110
2,182
1,031
2,104
'1,147
'2,294
'1,046
'2,092
'1,010
2,321
1,055
'63,636
1,370
'51,768
6,404
4,094
'65,342
5,489
114
5,320
110
4,499
537
340
4,343
521
347
5,417
127
4,433
521
335
5,711
115
4,676
558
363
5,419
129
'4,100
5,525
120
4,528
529
349
4,408
543
339
5,318
101
4,350
531
337
5,409
89
4,415
573
332
5,310
127
4,268
583
333
5,458
102
4,468
548
340
5,684
129
4,635
563
357
'5,044
109
'4,129
495
311
5,410
124
4,435
518
334
219
518
451
'236
'480
'438
236
480
438
225
530
434
240
570
385
230
507
423
225
596
399
245
676
388
228
710
374
220
727
366
214
850
380
194
882
407
218
922
419
194
'938
406
205
862
450
WASTE PAPER
[Thousands of short tons]
Consumption
Inventories, end of period
WOODPULP
[Thousands of short tons]
Production:
Total
Dissolving pulp
Paper grades chemical pulp
Groundwood and thermo-mechanical ,
Semi-chemical
Inventories, end of period:
Producers' own use
Producers' market
Consumers' purchased
[Thousands of metric tons]
Exports, all grades, total
Dissolving and special alpha
All other
Imports, all grades, total
Dissolving and special alpha
All other
See footnotes at end of tables.
1,383
'53,358
6,501
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS
STATISTICS, 1963-91
Annual
1991
May 1993
1992
1992
Mar.
Apr.
May
June
July
•
S-29
1993
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
16. PULP, PAPER, AND PAPER PRODUCTS-Continued
PAPER AND PAPER PRODUCTS
[Thousands of short tons, unless otherwise specified]
Paper and board:
Production (API):
Total
Paper
Paperboard
Producer Price Indexes:
Paperboard, 1982=100
Building paper and board, 1982=100
79,499
39,082
40,416
82,376
40,407
41,968
6,988
3,376
3,612
6,707
3,273
3,433
6,706
3,201
3,505
6,821
3,295
3,526
6,941
3,403
3,538
6,950
3,457
3,492
6,950
3,415
3,460
7,007
3,519
3,489
6,793
3,324
3,469
6,905
3,318
3,587
' 7,092
' 3,452
3,640
6,540
'3,206
3,335
7,183
3,536
3,647
130.2
111.8
134.3
119.6
133.4
119.2
134.3
118.5
134.3
119.1
134.3
118.9
134.2
118.8
134.6
120.0
135.9
123.7
135.7
123.5
133.9
121.8
' 133.6
'121.7
133.4
124.7
131.8
128.7
131.7
133.5
1,690
131
317
134
110
226
127
140
229
124
131
257
123
155
274
140
150
263
139
166
316
129
164
350
144
113
161
150
128
167
139
'168
'178
'125
'165
150
134
147
158
153
658
'622
'879
Selected types of paper (API):
Groundwood paper:
Orders, new
Orders, unfilled, end of period
Shipments
220
167
1,716
1,642
Coated papers:
Orders, new
,
Orders, unfilled, end of period
Shipments
7,342
7,881
591
881
7,358
7,851
627
689
616
583
636
583
642
664
625
640
665
655
666
707
668
686
696
661
653
686
685
702
733
685
601
832
662
665
881
662
990
981
906
926
991
957
1,090
1,032
1,040
1,032
993
1,033
1,038
886
920
1,036
1,022
Uncoated free sheet:
Orders, new
Shipments
1,717
'839
'648
603
670
856
687
'949
'959
1,051
1,035
131.1
136.3
11,497
11,504
11,994
11,874
1,068
1,001
Unbleached kraft papers:
Shipments ,
2,280
2,380
208
196
193
193
189
202
189
198
210
178
192
185
207
Tissue paper, production
5,669
5,784
502
470
480
470
456
497
493
497
493
482
495
467
531
8,976
8,728
8,932
9,145
351
710
737
644
707
741
610
783
815
578
695
766
507
692
754
445
752
724
472
741
785
429
842
874
397
794
786
405
790
844
351
812
761
403
'743
593
829
845
396
6,206
6,152
6,425
6,464
98
59
541
541
95
513
516
59
963
917
1,087
1,002
908
542
545
62
953
921
886
864
530
537
59
990
938
501
509
60
938
552
565
65
976
955
558
548
68
11,634
519
526
78
941
865
536
544
65
816
530
539
85
980
850
570
556
73
11,380
532
532
95
943
958
'942
1,015
'916
'1,080
1,084
120.9
109.9
112.3
108.8
108.3
106.6
106.6
106.7
109.5
109.2
110.6
'109.6
109.2
110.4
113.7
113.5
320,106
335,696
27,987
' 29,445
26,856
28,368
28,886
27,898
27,956
30,517
25,532
25,530
28,119
26,333
29,913
30,372
969
'1,086
1,032
[Thousands of metric tons, unless otherwise specified]
Newsprint:
Canada:
Production
Shipments from mills
Inventory, end of period
United States:
Production
Shipments from mills
Inventory, end of period
Estimated consumption, all users 0
Publishers' stocks, end of period #
Imports
•
Producer Price Index, standard newsprint,
1982=100
Paper products:
Shipping containers, corrugated and solid fiber
shipments, mil. sq. ft. surf, area
1,030
734
410
538
539
60
933
17. RUBBER AND RUBBER PRODUCTS
RUBBER
[Thousands of metric tons, unless otherwise specified]
Natural rubber:
Consumption
Stocks end of period
Imports incl latex and guayule
U.S. Import Price Index, 1985=100
107 3
105 6
(2)
108.3
101.2
106.0
102.6
202,390
256,875
48,582
188,303
18,998
230,250
273,539
53,436
199,543
20,543
20,356
23,702
4,783
17,128
1,789
19,065
23,447
4,726
17,068
1,653
18,874
23,492
5,039
16,841
1,612
19,380
24,170
4,723
17,662
1,784
17,273
21,910
3,282
16,964
1,665
20,306
23,472
4,507
17,171
1,795
19,975
24,589
4,518
18,152
1,919
21,602
25,514
5,158
18,580
1,778
18,384
22,596
4,503
16,517
1,577
17,501
21,162
4,154
15,459
1,549
20,037
20,009
4,716
13,618
1,675
19,872
21,235
5,014
14,457
1,854
21,900
25,547
5,924
17,825
1,799
35,533
40,392
41,212
40,981
40,576
40,201
39,918
40,654
39,789
40,090
39,916
40,392
43,859
45,993
46,795
Synthetic rubber:
Production
Consumption
Stocks end of period
Exports (Bureau of Census)
TIRES AND TUBES
[Thousands]
Pneumatic casings:
Production
Shipments total
Original equipment
Replacement equipment
Exports
Stocks, end of period
Exports (Bureau of Census)
Inner tubes:
Exports (Bureau of Census)
See footnotes at end of tables.
b-JU • May 1993
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS
Annual
1992
1992
1991
STATISTICS, 1963-91
Mar.
Apr.
May
June
July |
1993
Aug.
Sept.
Oct.
Nov.
Dec.
44,239
47,001
32,259
28,216
Jan.
Feb.
Mar.
Apr.
120.0
120.7
120.9
121.8
1,147
1,298
1,513
1,335
933
9.762
9,762
1,365
7,725
672
8.514
8,514
1,242
6,581
691
18. STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement, 1hous. bbl
1
1
440,666
30,474
5,404.8
5,847.7
1,193.7
1,554.5
1,667.5
195.6
152.8
39.1
38.2
38.6
36.8
429.8
471.7
114.1
118.1
122.9
116.5
116.2
118.0
116.9
1,350,658
1,528,698
378,380
281,111
277,657
287,737
284,274
25,982
25,558
24,703
24,269
23,986
25,188
24,730
26,269
25,138
26,181
25,247
25,056
23,313
24,206
25,041
24,146
22,559
20,823
20,343
20,979
23,477
57,141
84,304
24,038
26,939
54,414
88,805
26,054
2.407
4,939
7,823
2,342
2,304
4,810
7,695
2,306
2,292
5,259
7,936
2,301
5,592
7,851
2,616
2,506
5,231
8,426
2,419
2,924
4,757
7,506
2,459
2,649
4,617
7,279
2,022
2.420
4,245
7,523
2,040
1,575
3,652
6,719
1,945
1,604
3,598
7,304
1,845
74,683
73,346
6,621
5,784
6,190
6,364
6,531
6,511
6,775
5,817
5,491
12,816
13,144
1,572
1,294
132
1,113
97
49,726
48,145
1,030
148
46,215
915
153
45,297
1,149
163
45,407
1,003
125
44,327
1,031
112
45,914
1,270
100
48,947
45,069
1,018
97
46,646
45,914
15,853
15,981
1,220
1,421
1,283
1,344
1,164
1,201
1,320
1,321
1,404
1,423
1,390
1,395
1,411
1,399
1,502
1,461
1,411
1,289
1,230
1,181
597
415,203
37,654
40,482
44,625
43,913
43,700
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face), mil. standard
brick
Structural tile, except facing, thous. sh. tons
Sewer pipe and fittings, vitrified, thous. sh. tons ....
Floor and wall tile and accessories, glazed and
unglazed, mil. sq. ft.
Producer Price Index, brick and structural clay tile,
12/84=100
117.2
117.8
118.3
118.4
118.6
118.5
1,432.0
118.9
119.0
M19.0
GLASS AND GLASS PRODUCTS
[Thousand gross, unless otherwise specified]
Flat glass, mfrs.' shipments, thous. $
Glass containers:
Production
Shipments, total
Narrow-neck containers:
Food
Beverage
Beer
Liquor and wine
Wide-mouth containers:
Food and dairy products
Narrow-neck and wide-mouth containers:
Medicinal and toilet
Chemical, household, and industrial
Stocks, end of period
1,198
44,058
391,358
368,092
390,868
1,035
102
GYPSUM AND PRODUCTS
[Thousands of short tons]
Production:
Crude gypsum (exc. byproduct)
Calcined
1
1
1
1
14,760
14,688
1
Imports, crude gypsum
Sales of gypsum products:
Uncalcined
1
7,634
525
729
745
948
675
562
749
377
398
446
525
515
481
485
1,862
1
40
42
1,184
460
7
68
59
1,622
1
34
34
1,466
1
31
31
914
370
7
66
47
1,706
1
1,908
1
45
40
1,661
1
38
38
1,032
415
7
80
51
1,806
1
39
40
451
7,917
5,272
1
5,469
605
592
659
456
490
344
332
1,550
1
35
19
1,600
1
37
18
1,773
1
42
19
979
400
7
1,139
436
6
61
50
1,027
390
6
71
52
14,945
15,546
Calcined:
Industrial plasters
Building plasters, total (incl. Keene's cement)....
(Millions of square feet]
Board products, total
Lath
Veneer base
Gypsum sheathing
Regular gypsum board
Type X gypsum board
Predecorated wallboard
5
/i6 mobile home board
Water/moisture resistant board
1
396
227
'20,177
11
452
247
11,286
5,033
85
670
608
12,730
5,186
85
829
637
18,317
12
1,009
412
7
69
55
39
37
1,062
435
7
70
54
1,204
480
7
72
58
1,826
1
1,147
437
40
41
1,150
445
8
78
55
8
85
56
1,603
1
39
19
1,028
388
7
72
50
1,674
7,595
12,599
71
58
19. TEXTILE PRODUCTS
FABRIC
[Millions of linear yards]
Woven fabric, finishing plants:
Production (finished fabric)
Cotton
Manmade fiber and silk fabrics
Inventories held at end of period
Cotton
Manmade fiber and silk fabrics
Backlog of finishing orders
Cotton
Manmade fiber and silk fabrics
COTTON AND MANUFACTURES
[Thousands of running bales, unless otherwise
specified]
Cotton (excluding linters):
Production:
Ginnings 0
Crop estimate, thous. net weight bales §
Consumption
Stocks in the United States, total, end of period # .
Domestic cotton total
On farms and in transit
Public storage and compresses
Consuming establishments
See footnotes at end of tables.
17,146
17,614
r
6
r l
8,367
13,579
13,579
1,924
11,075
580
r
14
15,786
16,218
9,433
13.875
13,875
2,032
11,252
591
3
' 900
8.516
8,516
189
7,696
631
-719
7,240
7,240
330
6,273
637
752
5,953
5,953
268
5.057
628
3
885
4,504
4,504
140
3,723
641
682
3.552
3,552
83
2,806
663
744
18,282
18.282
15,426
2.227
629
3
910
16,958
16,958
14,016
2,395
547
766
16.166
16,166
9,124
6.535
507
723
15,153
15,153
4,627
10,015
511
3
750
13.875
13,875
2,032
11,252
591
753
12.623
12.623
1,892
10,114
617
761
11.360
11.360
1.622
9.108
630
r3
742
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS
STATISTICS, 1963-91
1991
May 1993 •
. 1992
Annual
1992
Mar.
Apr.
May
June
July
S-31
1993
Aug. |
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
19. TEXTILE PRODUCTS-Continued
COTTON AND MANUFACTURES-Continued
Cotton (excluding linters)—Continued
Exports, thous. running bales
Imports, thous. net weight bales
Price(farm), American upland, cents per Ib. 0
Price, Strict Low Middling, Grade 41, staple 34
(1Vi6"), average 10 markets, cents per Ib
Spindle activity (cotton system spindles):
Active spindles, last working day, total, millions
Consuming 100 percent cotton, millions
Spindle hours operated, all fibers, total, billions
Average per working day, billions
Consuming 100 percent cotton, billions
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly.), mil. sq. yd
Orders, unfilled, end of period, compared with
average weekly production, no. weeks' prod.
Inventories, end of period, compared with avg.
weekly production, no. weeks' prod.
Ratio of stocks to unfilled orders (at cotton
mills), end of period
Exports, raw cotton equivalent, thous. net weight
bales §
Imports, raw cotton equivalent, thous. net weight
b l §
Producer Price Index, gray cotton broadwovens,
1982=100
2
56.8
3
56.7
53.5
.231
24.3
8.2
3.5
'59.6
.225
24.8
4,404
4,590
114.9
117.0
116.7
213.2
273.3
219.8
275.1
52.6
66.6
4,282.3
3,984.1
4,448.8
4,123.9
1,064.0
1,008.7
53.3
50.3
53.1
53.2
58.0
56.3
53.7
52.0
55.0
55.4
58.8
60.9
57.6
3.8
4.8
.240
2.0
8.6
3.
4
5.6
4
.226
4
2.3
3.8
5.9
4
.236
4
2.4
4
3.8
4.8
.23;
2.0
3.7
4.
.212
1.8
3;
4.6
.231
2.0
1,172
53.6
53.6
53.5
49.5
3.6
5.5
4
.220
4
2.3
8.4
3.5
4.6
.232
2.0
4
54.;
52.7
52.9
'55.5
54.3
50.0
51.8
53.7
55.4
56.4
56.2
8.3
3.5
43
.214
1.8
8.2
3.5
4.5
4
.181
4
1.9
3.4
4.3
.216
1.8
3.4
4.4
.221
1.8
8.1
3.4
' 4 5.4
8.0
3.4
4.2
.211
1.8
116.9
116.4
115.0
119.6
119.0
118.9
52.5
117.3
117.2
4
.216
'42.3
1,144
1,130
117.3
4
116.9
117.1
'117.2
MANMADE FIBERS AND MANUFACTURES
[Millions of pounds]
Fiber production, qtrly:
Cellulosic filament yarn
Rayon staple, including tow
Noncellulosic, except textile glass:
Yarn and monofilaments
Staple, incl. tow
Textile glass fiber
54.7
52.0
69.6
1,119.8
1,045.5
1,135.3
1,026.6
1,129.7
1,043.1
Fiber stocks, producers', end of period:
Cellulosic filament yarn
Rayon staple, including tow
Noncellulosic fiber, except textile glass:
Yarn and monofiiaments
Staple, incl. tow
10.4
27.0
12.2
34.5
10.9
26.9
1
@FedFRASER