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NOVEMBER 1976

/ VOLUME 56 NUMBER

SURVEY OF CURRENT BUSINESS

CONTENTS
THE BUSINESS SITUATION

11

U.S. Department of Commerce

1
Elliot L. Richardson / Secretary

Manufacturing and Trade Inventories and Sales,
1975:1—1976:111

2

National Income and Product Tables

11

Corporate Profits With Inventory Valuation
and Capital Consumption Adjustments

12

U.S. Government Foreign Grants and Credits, 1965—75

14

Revised Inventory and Sales Estimates

22

John W. Kendrich / Chief Economist
for the Department of Commerce

Bureau of Economic Analysis
George Jaszi / Director
Carol S. Carson / Editor-in-Chief,
Survey of Current Business

Manuscript Editor: Dannelet A. Grosvenor
Statistics Editor: Leo V. Barry, Jr.
Graphics Editor: Billy Jo Hurley

Staff Contributors to This Issue: Christopher
L. Bach, David T. Dobbs, Gerald F. Donahoc,
Shelby W. Herman, John C. Hinriehs, Allan H.
Young

CURRENT BUSINESS STATISTICS
General

S1-S25

Industry

S25-S40

Subject Index (inside Back Cover)

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U.S. DEPARTMENT OF COMMERCE DISTRICT OFFICES
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OHIO, Cleveland
44114
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N.J., Newark O71O2
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PA., Pittsburgh 15222
1000 Liberty Ave. 644-2850

UTAH, Salt Lake City 84138
125 South State St. 524-5116
VA., Richmond 2324O
8010 Federal Bldg. 782-2246
WASH., Seattle 981O9
Rra. 706 Lake Union Bldg. 442-5615

COLO., Denver 80202
19th & Stout St. 837-3246

IOWA, Des Moines 50309
210 Walnut St. 284-4222

CONN., Hartford O6103
450 Main St. 244-3530

LA., New Orleans 70130
432 International Trade Mart 589-6546

316

N. MEX., Albuquerque 871O1
u S> Courthouse 766-2386

P.R., San Juan OO9O2
100 P.O. Bldg. 723-4640

FLA., Miami 3313O
25 West Flagler St. 350-5267

MD., Baltimore 21202
415 U.S. Customhouse 962-3560

N.Y., Buffalo 14202
111 W. Huron St. 842-3208

S.C., Columbia 29204
2611 Forest Dr. 765-5345

WIS., Milwaukee 53202
517 E. Wisconsin Ave. 224-3473

GA., Atlanta 30309
1365 Peachtree St., N.E. 526-2470

MASS., Boston O2116
441 Stuart St. 223-2312

N.Y., New York 1OOO7
26 Federal Plaza 264-0634

TENN., Memphis 38103
147 Jefferson Ave. 534-3213

WYO., Cheyenne 82O01
2120 Capitol Ave. 778-2220




W. VA., Charleston 253O1
500 Quarrier St. 343-6181

the BUSINESS SITUATION
^VISIONS in third-quarter GNP
and GNP prices were insignificant. On
the revised basis, real GNP increased
3.8 percent at an annual rate and the
implicit price deflator for GNP increased 4.2 percent—both 0.2 percentage points below the rates estimated
last month. Small downward revisions
in personal consumption expenditures
and net exports were partly offset by
small upward revisions in nonresidential
fixed and residential investment.
Third-quarter corporate profits

Preliminary estimates show that profits from current production—corporate
profits (before tax) with inventory
valuation and capital consumption adjustments—were up $5% billion at an
annual rate in the third quarter. This
increase was somewhat larger than the
average increase since the third quarter
of 1975, and was almost entirely in
profits of nonfinancial corporations. A
$% billion increase in profits of financial
corporations was about offset by a
decline in profits from abroad.
Most of the third-quarter increase
in profits was in trade and nondurables
manufacturing. The increase in nondurable goods manufacturing was widespread, and followed widespread declines in the second quarter. The
largest swing occurred in food. Profits
in petroleum showed little change in
the third quarter after declining in
^the second, and profits in chemicals
increased substantially after having
been stationary. Petroleum and chemicals account for about one-half
of nondurables manufacturing profits.
Profits in durable goods manufacturing
were unchanged after a large secondquarter increase in which all major
industries shared. In the third quarter,
there were diverse movements—profits




product accounts increased $3 billion
at an annual rate in the third quarter,
to $57 billion. This increase followed
declines of $5% billion and $9% billion in
the first and second quarters. The
changes in the Federal deficit largely
reflected changes in expenditures, which
increased $4% billion in the first quarter,
decreased $1% billion in the second, and
increased $12% billion in the third.
The third-quarter increase in expenditures was accounted for by
transfer payments to persons, grantsin-aid to State and local governments,
and purchases of goods and services.
Transfer payments to persons increased
$4% billion. Social security benefits
increased $5% billion—including $4%
billion for the 6.4 percent cost-of-living
increase paid in July. This increase was
partly offset by declines of $1% billion
in earned income credit payments to
low-income wage earners and $% billion
in unemployment benefits. Grants-inaid increased $3% billion; the advance
was concentrated in grants for education, public assistance, and highways.
Purchases of goods and services were up
$3% billion—$1% billion in nondefense
and $1% billion in national defense.
Third-quarter receipts were up $9%
billion. About $7% billion of the increase was due to higher incomes, and
$2 billion to tax changes. Personal
tax and nontax payments increased
$5% billion, of which $1% billion reflected a drop in refunds stemming from
the earned income and home purchase
credit provisions of the Tax Reduction
Act of 1975. Contributions for social
insurance increased $2 billion, including
The Federal sector in the third
$% billion for an increase in the Federal
quarter
Government contribution to Civil ServThe Federal Government deficit as ice retirement. Corporate profits tax
measured in the national income and accruals increased $1% billion.

were down substantially in primary
and fabricated metals and motor vehicles, and up in most other industries,
especially nonelectrical machinery.
Before-tax book profits were up $4
billion from the second quarter. These
profits differ from profits from current
production for two reasons. First, they
include inventory profits, which arise
because inventories used up are generally valued by business at historical
rather than replacement cost. Second,
they reflect tax return-based rather
than "economic" capital consumption
allowances. The capital consumption
adjustment referred to above converts
the tax return-based measure to the
economic measure, which is constructed
to reflect uniform service lives and depreciation formulas and replacement
cost valuation. The difference between
the third-quarter change in before-tax
book profits and that in profits from
current production was more than
accounted for by a decline in inventory
profits.
Inventory profits declined $2 billion,
from $14% billion in the second quarter
to $12% billion in the third. Secondquarter inventory profits on farm products and processed foods were followed
by inventory losses in the third, as
wholesale farm and food prices increased in the second quarter and decreased in the third. This pattern may
help explain profits changes in food
manufacturing and trade. Inventory
profits on other goods increased from
the second quarter to the third, as the
increase in the wholesale prices of these
goods accelerated.

SUEVEY OF CUERENT BUSINESS

November 1976

Manufacturing and trade inventories and sales, 1975: 1—1976; III
Quarterly estimates of inventories, sales, and inventory-sales ratios for manufacturing and trade, in constant dollars, for 1975:1—1976:111 are shown in tables 1-4. These estimates are
consistent with those presented in the July 1976 SURVEY OF CURRENT BUSINESS. Estimates for 1972:IV—1974: IV and for 1959-72, appear in the August and May 1976 issues, respectively.
Table 1.—Manufacturing and Trade Inventories in
Constant Dollars, Seasonally Adjusted, End of
Quarter

Table 2.—Manufacturing and Trade Sales in Constant
Dollars, Seasonally Adjusted Quarterly Totals at
Monthly Rates

[Billions of 1972 dollars]

[Billions of 1972 dollars]

1975

Manufacturing and trade
Manufacturing

__ _

Durable goodsPrimary metals
Fabricated metal products
Machinery, except electrical
Electrical machinery. _ __ _ __ _
Motor vehicles and parts .
Other transportation1 equipment.
Other durable goods
Nondurable goods _
Food and kindred products
NonfoodPaper and allied products
Petroleum and coal products _ _
Rubber and plastic products
Other nondurable goods 2 _
Merchant wholesalers
Durable goods
Nondurable goodsGroceries and farm products.
Retail trade .
Durable goods
Automotive dealers
Other durable goods
Nondurable goods
Food stores ..
Other nondurable goods

1975

1976
II

III

IV

I

119 1

120 0

123.8

124.9

129.0

131.2

57 0

57 8

60 2

60.9

63 1

64 6

64 0

82 0
14.5
9 i
17 5
11.8
50
10 5
13 7
44 4
12. 1
32 0
3.7
8. 1
34
2.4
14 9

31 0
4.5
31
59
4.2
46
2.3
6 4
26 0
8.9
17 0
2.2
4. 1
1.8
1.5
75

31 1
3.9
31
5.7
4.3
52
2.2
6 7
26 6
9.0
17 6
2.2
4. 2
1.9
1.6
7.8

32 2
4.5
32
56
4.3
56
2.1
69
28.0
9.2
18 8
2.4
4. 6
2.0
1.7
8.3

32 3
4.4
33
5.8
4.3
54
2.1
70
28 6
9.3
19 3
2.5
4. 7
1.9
1.7
8.5

33 1
4.5
34
5.7
4.5
62
2.1
7 1
29.4
9.8
19.6
2.5
4. 7
2.0
1.7
8.6

35 0
4.9
36
5.9
4.7
66
2.2
7 2
29.6
9.8
19.8
2.6
4. 7
2.1
1.7
8.7

34 2
4.9
35
6.0
4.6
60
2.1
7 2
29.7
10.0
19 7
2.6
4. 7
2.1
1.7
8.6

I

II

III

IV

I

II

III

221 7

217 4

217 2

215 1

217 1

219 8

222 4

128 7

126 6

125 0

124 1

124 1

125 4

126 4

86 3
13 6
10 0
19 2
12.4
55
11 1
14 5
42 5
10.7
31 7
3.6
7.8
32
2.6
14 5

85 2
14 1
9 7
18 9
11 9
54
11 2
14 0
41 4
10 4
31 0
3.5

83 6
13 9
95
18 6
11.7
51
11 2
13 6
41 5
10.7
30 8
3.5

82 1
14 0
9 2
17 9
11.5
50
11 0
13 5
41 9
11 0
31 0
3.5

81 4
14.0
91
17 6
11.5
52
10 7
13 4
42 7
11.3
31 4
3.5

81 9
14.3
89
17 4
11.7
5 4
10.6
13 5
43 5
11.6
31 9
3.6

31
25
14 1

32
2.4
14 1

32
2.5
14 2

33
2.5
14 4

33
2.4
14 7

I

-

Merchant wholesalers
Durable goods
Nondurable goods
Groceries and farm products
Other nondurable goods
Retail trade .
Durable goods
Automotive dealers
Other durable goods
Nondurable goods.
Food stores
Other nondurable goods

_

35 7

35 9

35 4

36 1

37 2

37 8

25 7

25 0

25.7

25.6

26.5

26.8

27.5

22.4
13 5
5.2
8.3

22.3
13 1
4.6
8. 5

22.6
13 5
4.9
8. 6

23.2
14.0
5.4
8. 6

23.5
14 3
5.3
9. 0

11.6
14. 1
7.1

11.1
13.9
6.9

11.5
14.3
7.1

11.5
14.1
7.0

12.0
14.4
7.2

12.1
14.7
7.2

12.2
15.3
7.8

56 4

55 2

56 2

55 6

56 8

57 2

58 2

36 4

37.2

37.9

38.3

39.3

39.8

39.8

25.3
12 3
13.0
31 1
59
25 2

24.5
11 8
12 8
30 6
58
24 8

25.5
12 6
12.8
30 7
5.9
24 8

25.2
19 4
12.7
30 4
59
24 5

25.0
12 1
12.9
31 8
6.2
25 6

24.8
11.7
13.1
32 4
6. 1
26 2

25.8
12.3
13.5
32 4
6.3
26 1

11.8
6.7
5.2
24 6
7.5
17 1

12.0
6.8
5.2
25.3
7.6
17.6

12.4
7.1
5.3
25.4
7.6
17.8

12.7
7.2
5.5
25.6
7.6
18.0

13.4
7.9
5.5
26.0
7.9
18.1

13.5
8.0
5.6
26.2
8.1
18.1

13.4
7.8
5.6
26.4
8.2
18.2

Table 4.—Fixed-Weighted Constant-Dollar InventorySales Ratios for Manufacturing and Trade, Seasonally Adjusted
[Ratio, based on 1972 dollars]
1975

1976

I

II

III

1.86

1.81

II

1976

III

IV

I

III

IV

I

1.75

1.72

1.68

1.68

1.70

1.88

1.84

1.78

1.74

1.71

1.70

1.73

1.97

1.94

1.98

2.26

2.22

2.12

2.08

2.03

2.00

2.04

2.34
2.94
2.49
2.97
2.49
.82
4.86
1.89
1.47
1.19
1.61
1.41
1.67
1.57
1.40
1.69

2.39
2.98
2.62
2.90
2.55
.83
5.06
1.91
1.50
1.21
1.62
1.42
1.73
1.59
1.43
1.72

2.78

2.79

2.66

2.60

2.51

2.44

2.47

1.64

1.56

1.48

1.46

1.46

1.48

1.52

2.26

2.19

2.08

2.04

2.79
3.00
3.23
3.26
2.95
1.20
4.92
2.27
1.63
1.20
1.86
1.69
1.90
1.78
1.72
1.94

2.74
3.62
3.14
3.30
2.77
1.05
5.04
2.03
1.55
1.15
1.76
1.60
1.83
1.66
1.61
1.82

2.59
3.13
2.94
3.35
2.69
.91
5.25
.98
.48
.17
.64
.48
.66
.63
1.46
1.70

2.54
3.16
2.83
3.08
2.68
.93
5.23
1.93
1.47
1.18
1.61
1.40
1.62
1.69
1.46
1.67

2.41
3.09
2.65
3.06
2.53
.84
4.97
1.89
.45
.15
.60
.41
.64
.63
.42
.67

II '

III

I

II r

1.42

1.43

1.39

1.38

1.36

1.39

1.37

1.43

1.43

1.39

1.38

1.36

1.38

1.39

2.00
.95
.69
1.22

2.04
.94
.71
1.16

1.95
.95
.74
1.16

1.94
.93
.66
1.19

1.88
.93
.68
1.18

1.92
.95
.74
1.14

1.93
.94
.67
1.21

1.98
.95

2.01
.93

1.93
.93

1.92
.92

1.86
.93

1.90
.94

1.91
.94

1.55

1.48

1.49

1.45

1.44

1.44

1.47

1.53

1.46

1.46

1.42

1.41

1.42

1.43

1.87
1.54
2.34
1.22
.79
1.42

1.84
1.47
2.36
1.23
.76
1.45

1.93
1.58
2.43
1.23
.77
1.44

2.09

2.00

2.00

1.93

1.83

1.79

1.88

1.25

1.19

1.19

1.16

1.21

1.23

1.21

2.15
1.85
2.53
1.26
.79
1.47

2.05
1.74
2.46
1.21
.76
1.41

2.05
1.79
2.40
1.21
.78
1.39

'Revised.
1. Includes stone, clay and glass products; instruments and related products; and other
durable goods.
2. Includes tobacco manufacturers; textile mill products; apparel products; printing and
publishing; and leather and leather products.
NOTE.—Table 1: Manufacturing inventories are classified according to the type of product
produced by the establishment holding the inventory; trade inventories are classified accord-




131 2

22 7
13 0
4.8
8.2

1975

Durable goods
Primary metals
Fabricated metal products _.
Machinery, except electrical
Electrical machinery
Motor vehicles and parts
Other transportation equipment
Other durable goods 1
Nondurable goods. _
Food and kindred products
Nonfood
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastic products
Other nondurable goods 2

III

36 6

[Ratio, based on 1972 dollars]

Manufacturing

II r

23.2
13 4
4.8
8. 5

Table 3.—Constant-Dollar Inventory-Sales Ratios for
Manufacturing and Trade, Seasonally Adjusted

Manufacturing and trade

1976

1.98
1.72
2.31
1.19
.78
1.36

ins: to the major type of product sold by the establishment holding the inventories; constant
dollar inventories in table 16 of the national income and product tables include in addition
to the industries shown here, nonmerchant wholesalers, other nonfarm industries, and farms.
Table 4: The weighted I-S ratios shown in this table were obtained by weighting detailed
industry I-S ratios with 1972 sales. Additional industrial detail was used than is shown in
table 2."For manufacturing, I-S ratios for 21 industries were weighted by sales; for merchant
wholesalers, 7 categories of business; and for retail trade, 8.

SURVEY OF CURRENT BUSINESS

November 1976

NATIONAL INCOME AND PRODUCT TABLES
1975
1974

II

1975

1975

1976

III

I

IV

II

III*

1974

1975

II

III

1976

I

IV

II

III *

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

Billions of 1972 dollars

Billions of current dollars

Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
Gross national product

...

Personal consumption expenditures _
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment

._

.- - .

Nonresidential
Structures
Producers' durable equipment

-

Residential
Nonfarm structures . . . . . . Farm structures. . .
Producers' durable equipment
Change in business inventories
Nonfarm_ _. .
Farm

_

Net exports of goods and services
Exports
Imports

...
.

.-

Government purchases of goods and services
Federal
National defense
Non defense
State and local .. .

1,413.2 1,516 3 1 482 3 1, 548. 7 1,588 2 1, 636. 2 1, 675. 2 1,708.4 1,214.0 1,191.7 1, 177. 1 1, 209. 3 1,219.2 1, 246. 3 1, 260. 0

1,271.7

887.5

973 2

960 3

987.3 1,012 0 1, 043. 6 1, 064. 7 1,088.5

759.1

770.3

767.5

775.3

783.9

800.7

808.6

815.7

121 6
376.2
389 6

131 7
409 1
432 4

127 0
405 8
427 4

136 0
414.6
436 7

141 8
421.6
448 6

151 4
429.1
463 2

155.0
434.8
474.9

157.6
441.8
489. 1

112.3
303.5
343 4

111 9
306.1
352 4

108.4
307.2
351 8

115.1
306.8
353.4

118.0
309.5
356.4

124.3
314.6
361.8

125.2
317.6
365. 8

126. 2
318.9
370.6

215 0

183 7

164 4

196 7

201 4

229 6

239.2

247 0

182 0

137 8

126 2

148.7

147 0

167.1

171.7

175.2

204.3

198 3

194.3

198.6

205.7

214.7

223.2

231.9

173.5

149.8

147.4

149.7

152.5

156.7

160.6

165.0

149 2
54 1
95 1

147 1
52 0
95 1

145 8
51 2
94 6

146 1
51 8
94 3

148 7
52 1
96 6

153 4
53 2
100 2

157.9
54 9
103.0

163. 0
56 0
107.0

128.5
42 1
86 5

111.4
36 7
74.7

110.6
36 1
74.5

110.1
36.6
73.5

110.5
36.7
73.8

112.6
37.1
75.5

114.9
37.9
77.0

117.5
38.4
79.2

55 1
52 7
1.0
13

51 2
49 0
.8
13

48 6
46 7
.6
13

52 6
50 2
1.0
1 4

57 0
54 2
1.4
14

61 3
58 6
1.2
15

65 3
62.9
.9
15

68.9
66.3
1.0
16

45 0
42 9
.8
13

38 4
36.6
.6
12

36.8
35.2
.4
1.1

39.6
37.6
.7
1.2

41.9
39.7
1.0
1.2

44.1
42.0
.9
1.3

45.7
43.9
.6
1.2

47.4
45.5
.7
1.3

10 7
12.2
—1 5

—14 6
— 17.6
30

—30 0
—31.2
12

—2 0
—4.2
2 2

—4 3
—9 5
52

14 8
12.7
22

16 0
17 3
—1 3

15 1
15.6
— 5

85
8.9
— 4

— 12 0
-13.0
9

—21.2
-21.5
3

-1.0
-1.9
.9

-5.5
-7.0
1.5

10.4
8.9
1.5

11.1
12.0
-.9

10.2
10.5
-.3

7.5

20.5

24.4

21.4

21.0

8.4

9 3

3.4

16.5

22.6

24.3

22.8

23.1

16.6

16.0

15.3

144 4
136 9

148 1
127 6

142 9
118 5

148 2
126 8

153 7
132 7

154 1
145 7

160 3
151 0

166 3
162 9

97.2
80 7

90.6
68 1

87.7
63 4

90.7
67.9

93.9
70.8

93.6
77.0

95.4
79.4

97.5
82.2

303.3

339.0

333.2

343.2

353.8

354.7

362 0

369 6

256.4

261.0

259.1

262.4

265.2

263.6

265.5

111 6
77 3
34 3
191.6

124
84
40
214

122.4
83 4
39 0
210.9

124.6
84 6
40 0
218.6

130
87
43
223

129.2
86 2
42 9
225.5

131 2
86 9
44 2
230 9

134
88
46
235

95.3

95.7

95.3

95.6

97.2

95.4

96.0

97.3

161.1

165.2

163.8

166.9

168.0

166.6

167.7

168.2

4
3
1
5

4
1
2
4

5
5
0
0

261.9

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product

1, 413. 2 1 516 3 1 482 3 1 548 7 1 588 2 1 636 2 1 675 2 1 708 4 1 214 0 1 191 7 1 177 1 1 209 3 1 219 2 1 246 3 1 260 0 1, 271.

Final sales
Change in business inventories

1 402 5 1 531 0 1 512 3 1 550 6 1 592 5 1 621 4 1
10.7 —14 6 —30 0 —2 0 —4 3
14 8
639 7 681 7 661 0 703 5 719 7 742 3
629 0 696 3 691 0 705 4 724 0 727 5
10 7 — 14 6 —30 0
20
43
14 8
247 2 254 4 24g 5 265 0 270 0 282 7
240 2 266 5 263 8 272 0 280 6 286 3
7 1 — 12 1
15 3
70
10 6
36

Goods
Final sales
Change in business inventories
Durable goods
..
Final sales
Change in business inventories
Nondurable goods
Final sales
Change in business inventories
Services
Structures

392 4
388 9
36

427 3
429 8
—2 6

412 5
427 2
— 14 7

438 4
433 4
50

449 7
443 3
63

626 6
146 9

692 5
142 l

684 2
137 1

700 2
145 0

719 5
149 1

459 6
441 1
18 5
742 6
151 3

659 2 1 693 3 1 205 5 1 203 7 1 198 2 1 210 2 1 224 7 1 235 9 1 248 8 1 261
10
10 4
11 1
8 5 — 12 0 —21 2 — 1 0 —5 5
15 1
16 0
579
758 4 766 1 552 9 532 6 522 5 546 0 549 9 569 5 576 0
568
742 4 751 0 544 4 544 7 543 7 547 0 555 4 559 1 564*8
10 4
10
11 1
12 0
21*2
15 1
85
1 0 —5 5
16 0
200 1
21l' 9
11 9

212 1

46

213 4
220 7
74

221 9
224 3
24

230 5
29g 7
38

234
230
4

328 8
325 8
30

204 7
214 1
94
327 9
330 6
27

322 4
331 7
q3

33399
330
37

336 6
334 7
19

347 6
334 8
12 8

345 5
338 2
73

344
338
5

545 0
116 1

556 6
102 4

555 4
99 2

558 7
104 6

562 8
106 4

570 3
106 6

575 3
108 7

581
111

301 2
995 g
54

308 2
301 4
68

224 1
218 6
55

457 1
446 6
10 6

457 9
449 6
83

759 6
157 3

780 1
162 2

21Q 8

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product

1 413 2 1 516 3 1 482 3 1 548 7

Gross domestic product
Business
...
Nonfarm
..
Nonfarm less housing
Housing
_
Farm
Statistical1 discrepancy
Residual
Households and institutions
Government
Federal. .
State and local

I KOQ O

1 636 2 1 675 2 1 708 4 1 914 0 1 1Q1 7 1 177 1 1 209 3 1 219 2 1 246 3 1 260 0

1 271 7

1 398 7 1 505 7 1 471 7 1 537 4 1 577 11 623 2 1 662 8 1 696 11 206 9 1 186 8 1 172 2 1 204 0 1 214 11 240 4 1 254 3 1 266 2

.

Rest of the world

_
.

.

1 192 4 1 277 5 1
1 137 3 1 222 8 1
1 029 8 1 105 0 1
107 4 ' 117 8
48 5
50 3
66
44

246 4 1 306 8 1
1Q7 4 1 246 7 1
081 0 1 127 8 1
116 4
118 Q
49 0
55 0
1
51

340 4 1 380 7 1
279 6 1 324 8 1
157 6 1 199 8 1
125 0
122 0
54 8
48 7
6 1
7 2

989
956
854
101
34

9 1 020 8 1 030 2 1 055 1 1 068 0
6
983 0
994 1 1 018 0 1 031 5
925 0
912 9
880 1
890 0
6
106 5
105 1
104 0
109 9
9
34 3
34 9
36 0
34 2
6

1 078 2
1 040 4
'932 9
107 5
35 0

13

1 8

1 9

2 8

1.6

2.8

44 7

49 7

49 0

50 4

51 5

53 3

54 8

57 0

38 2

38 5

38 4

38 5

38 8

39 8

40 4

41 5

161 6
54 9
106 7

178 5
59 3
119 2

176 3
58 4
117 9

180 1
59 1
121 1

185 2
61 5
123 7

189 2
62 2
127 0

192 5
62 5
130 0

196 0
63 2
132 8

141 5
48 4
93 1

144 2
48 2
96 0

143 9
48 2
95 7

144 7
48 2
96 5

145 1
48 1
97 0

145 5
48 1
97 4

146 0
48 0
97' 9

146 6
48 1
98*4

14 5

10 6

10 6

11 3

H i

13 0

12 A.

12 3

7 0

4 S

4 8

5 3

5 1

56

55

"Third-quarter corporate profits (and related components and totals) are preliminary and
subject to revision next month.
1. Equals GNP in constant dollars measured as the sum of final products less GNP in
constant dollars measured as the sum of gross product by industry. The quarterly estimates
are obtained by interpolating the annual estimates with the statistical discrepancy deflated
by the implicit price deflator for gross domestic business product.




415 5 1 443 1 1 027 3 1 004 1
354 7 1 385 8
987 7
968 1
865 7
226 5 1 254 5
889 5
131 2
102 4
98 9
128 2
p>5 Q
34 1
50 0
32 0
7 4
5 8
7 5
18

K

Q

NOTE.—Table 2: "Final sales" is classified as durable or nondurable by type of product.
"Change in business inventories" is classified as follows: For manufacturing, by the type of
product produced by the establishment holding the inventory; for trade, by the type of
product sold by the establishment holding the inventory; for construction, durable; and for
other industries, nondurable.
Table 3: The industry classification within the business sector is on an establishment basis
and is based on the 1967 Standard Industrial Classification.

SURVEY OF CURRENT BUSINESS
1975
1974

1975

II

III

November 1976

1976

IV

I

1975

II

III*

1974

II

1975

Seasonally adjusted at annual rates

III

1976

IV

I

II

III*

Seasonally adjusted at annual rates

Billions of dollars

Billions of 1972 dollars

Table 4.—Relation of Gross National Product, Net National Product,
National Income, and Personal Income (1.9)
1,413.21,516.3 1,482.3 1,548.7 1,588.2 ,636.2 ,675.2 , 708.4
Gross national p roduct
Less:
Capital consumption allowances with capital consumption adjustment
137.7 161.4 158.7 164.4 169.5 173.6 177.7 181.6
Capital consumption allowances without capital consumption adjustment
_
119.8 130.8 128.8 132.3 135.5 137.5 140.5 143. 3
Less: Capital consumption
adjustment
-17.9 -30.5 -29.9 -32.1 -34.0 -36.1 -37.2 -38.3
Equals: Net national product. __ ,275.5 1, 355.0 1, 323. 61,
,418.7 .,462.6 [,497.6 [, 526.8
Less: Indirect business tax
and nontax liability.__ 128.4 138.7 136.5 141.5 144.1 144.9 148.2 151.0
Business transfer payments
5.6
6.3
7.2
6.2
6.4
6.6
6.8
7.0
Statistical discrepancy..
6.6
4.4
7.4
.1
5.1
7.2
5.8
6.1
Plus: Subsidies less current
surplus of government
enterprises
2.1
.7
.8
1.2
2.0
2.7
.9

Table 5.—Relation of Gross National Product, Net National Product
and National Income in Constant Dollars (1.10)
Gross national product

1, 214. 0 1,191.7 1, 177. 1 1, 209. 3 1, 219. 2 1, 246. 3 1,260.0 1,271.7

Less: Capital consumption alallowances with capital consumption adjustment

117.1

121.5

120.9

122.2

123.4

124.5

125.6

126.5

Equals: Net national product.. 1, 096. 9 1, 070. 1 1,056.2 1, 087. 1 1,095.8 1,121.8 1,134.3 1,145.2
Less: Indirect business tax
and nontax liability
plus business transfer
payments less subsidies plus current
surplus of government
enterprises
Residual l
Equals: National income

117.3

118.2

117.7

118.5

120.1

122.0

122.8

123.4

7.5

1.8

-1.3

1.8

1.9

2.8

1.6

2.8

972.0

950.0

939.8

966.8

973.7

997.0 1,009.9 1,019.0

Equals: National income
,135. 7 1,207.61,182.7 1,233.4 1,264.61 ,304.7 1,337.4 1,362.5
Less: Corporate profits with
inventory valuation
and capital consump91.6
tion adjustments
84.8
86.6 105.3 105.6 115.1 116.4 122.0
Net interest
78.6
80.3 83.5
74.9
75.8
67.1 74.6
74.0
Contributions for social
insurance
103.4 109.7 108.1 110.3 112.6 119.3 121.4 123.7
Wage accruals less disbursements
.0
-.5
.0
.0
.0
.0
.0
.0
Plus: Government
transfer
payments to persons.. 134.6 168.9 169.3 172.7 176.0 181.8 180.6 185.2
Personal interest income- 101.4 110.7 109.0 111.0 114.4 118.0 120.
125.0
80.3
Net interest
74.6
78.6
83.5
74.9
75.8
67.1
74.0
Interest paid by government to persons
38.3
and business
32.8
29.2
37.0
38.9
33.3
35.4
32.0
Less: Interest received
by
government
21.1 21.7
22.2
17.
19.4
20.0
20.
Interest paid by con23.9
sumers to business..
22.2
22.8
22.4
24.8
22.8
23.3 23.4
34.
Dividends
32.1 31.9
32.2
33.1
35.4
30.8
32.6
Business transfer pay7.0
ments
6.8
7.2
5.6
6.6
6.4
Equals: Personal income

1,153.3

1,265.51,299.7 1,331.3 1,362.0 1,386.0

1975
1974

1975

II

III

1975

1976

IV

I

II

III*

1974

1975

II

III

1976

IV

I

II

III *

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

Billions of 1972 dollars

Billions of current dollars

Table 6.—Net National Product and National Income by Sector in Current and Constant Dollars (1.11, 1.12)
Net national product .
Net domestic product
Business
Nonfarm
Farm
Statistical1 discrepancy
Residual
Households and institutions
Government
Rest of the world
National income
Domestic income
Business
Nonfarm
Farm
Households and institutions
Government
_
Rest of the world.

1,275.5 1,355.0 1,323.6 1,384.3 1,418.7 1,462.6 1,497.6 1,526.8 1,096.9 1, 070. 1 1,056.2 1,087.1 1,095.8 1,121.8
1,261.0 1,344.4 1,313.0 1,373.0 1,407.6 1,449.6 1,485.1 1,514.5 1,089.8 1,065.3 1,051.3 1,081.9 1,090.7 1,115.9
1,054.7 1, 116. 1 1,087.7 1, 142. 4 1, 170. 9 1, 207. 1 1, 237. 8 1,261.5
1, 009. 6 1, 073. 2 1, 050. 3 1,094.2 1, 122. 2 1, 163. 6 1, 183. 8 1, 217. 1
42.3
37.0
36.3
42.6
38.5
37.3
43.1
38.5
7.4
7.2
.1
5.8
5.1
6.1
6.6
4.4
44.7
161.6

49.7
178.5

49.0
176.3

50.4
180.1

51.5
185.2

53.3
189.2

54.8
192.5

57.0
196.0

14.5

10.6

10.6

11.3

11.1

13.0

12.4

1,128.7 1,139.7

910.1
879.2
23.5

882.6
855.3
25.4

869.0
844.4
25.9

898.6
869.6
27.2

906.8
879.5
25.4

930.6
902.3
25.5

942.4
914.7
26.0

951.6
922.8
26.1

7.5
38.2
141.5

1.8
38.5
144.2

-1.3
38.4
143.9

1.8
38.5
144.7

1.9
38.8
145.1

2.8
39.8
145.5

1.6
40.4
146.0

2.8
41. 5"
146.6

5.6

5.5

12.3

7.0

4.8

4.8

5.3

5.1

5.9

1, 135. 7 1, 207. 6 1, 182. 7 1, 233. 4 1,264.6 1,304.7 1,337.4 1, 362. 5

972.0

950.0

939.8

966.8

973.7

997.0

1,009.9 1,019.0

1,121.2 1,197.0 1, 172. 1 1, 222. 1 1, 253. 5 1, 291. 7 1,325.0 1, 350. 1

965.0

945.2

934.9

961.5

968.6

991.1

1,004.2 1,013.5

991.5 1, 016. 8 1,049.2 1, 077. 7 1, 097. 1
950.2 976.0 1, 014. 9 1, 037. 4 1,061.9
35.2
40.2
34.3
40.8
41.3
54.8
53.3
57.0
50.4
51.5
192.5
189.2
196.0
180.1 185.2

785.3
760.3
25.0
38.2
141.5

762.5
735.7
26.8
38.5
144.2

752.6
725.2
27.4
38.4
143.9

778.3
749.5
28.8
38.5
144.7

784.7
758.1
26.7
38.8
145.1

805.8
778.9
26.8
39.8
145.5

817.9
790.3
27.6
40.4
146.0

825.4
797.9
27.6
41.5
146.5

7.0

4.8

4.8

5.3

5.1

5.9

5.6

5.5

914.9
878.3
36.6
44.7
161.6

968.7
931.9
36.9
49.7
178.5

946.8
911.1
35.7
49.0
176.3

14.5

10.6

10.6

11.3

11.1

*See footnote on page 3.
1. Equals GNP in constant dollars measured as the sum of final products less GNP in
constant dollars measured as the sum of gross product by industry. The quarterly estimates
are obtained by interpolating the annual estimates with the statistical discrepancy deflated
by the implicit price deflator for gross domestic business product.




1,134.3 1, 145. 2

13.0

12.4

12.3

NOTE —Table 6: The industry classification within the business sector is on an establishment basis and is based on the 1967 Standard Industrial Classification.

SURVEY OF CURRENT BUSINESS

November 1976
1975
1974

1975

II

1975

1976

III

IV

I

II

1974

III *

1975

_ 1, 135. 7 1, 207. 6 1, 182. 7 1, 233. 4 1, 264. 6 1,304.7 1,337.4 1,362.5

Wages and salaries
Government and government enterprises
Other
Supplements to wages and
salaries
Employer contributions
for social insurance
Other labor income

Farm
.
Proprietors' income with
inventory valuation adjustment and without
capital consumption adjustment
.Capital consumption adjustment
.
Nonfarm
Proprietors' income without inventory valuation
and capital consumption adjustments
Inventory valuation adjustment _
Capital consumption adjustment

912.9

935.2

963.1

994.4 1,017.2 1,037.5

764.5

806.7

792.8

811.7

836.4

861.5

881.1

897.8

160.4
604.1

175.8
630.8

173.8
619.0

177.3
634.4

182.2
654.1

185.4
676.1

188.7
692.4

191.7
706.1

111.3

122.1

120.1

123.5

126.7

132.9

136.2

139.6

? 59.7
62 5

58.7
61.4

60.2
63.3

61.6
65.2

65.9
67.1

67.1
69.0

68.6
71.1

<*!

Proprietors' income with inventory valuation and capital consumption adjustments

86.9

90.2

86.8

95.5

97.2

93.2

100.3

96.1

25.8

24.9

24.1

29 2

28 3

21.9

27.5

21.7

Net domestic product. _
Indirect business tax and nontax
liability plus business transfer
payments less subsidies
Compensation of employees

31.7

25.9

-2.6
61.1

-3.8
65.3

—3 7
62.7

—3 9
66.3

-4.1
69.0

-4.2
71.4

-4.2
72.8

-4.2
74.4

Wages and salaries..
Supplements to wages and salaries
Corporate profits with inventory
valuation and capital consumption adjustments

63.1

65.2

62.3

66.1

69.2

71.1

73.2

74.6

-1.1

-.9

-1.1

-1.2

-.7

-1.3

-1.2

1.6

1.3

1.4

1.2

1.0

.9

.9

.9

21.0

22.4

22.3

22.4

22.9

23.3

23.1

23.4

33.3

37.0

36.6

37.3

38.4

39.6

39.6

40.6

-16.3

-16.5 -17.2

Capital consumption allowances with
capital consumption adjustment
Net domestic product
Indirect business tax and nontax
liability plus business transfer
payments less subsidies
Domestic income
Compensation of employees-.
Wages and salaries

848.5 911.0 891.2 932.1 957.5 991.0 1,014.8 1037.5

84.6 100.9

99.3 103.1 106.4 108.8

111.6 113.9

763.9 810.0 791.9 828.9 851.2 882.2

903.2 923.6

93.0 100.8

99.3 103.1 105.2 105.2

107.7 109.4

670.9 709.2 692.6 725.8 746.0 777.0

795.5 814.1

587.3 612.7 601.4 616.0 635.0 657.9

673.9 686.3

505.8 524.9 515.0 527.5 544.1 562.4

586.0

Supplements to wages and salaries.

81.5

87.8

86.4

88.5

90.9

95.5

98.0 100.3

Corporate profits with inventory
valuation and capital consumption adjustments

73.7

85.4

80.3

98.8

99.2 107.4

109.6 115.5

99.5 120.4 125.0 133.4

139.4 143.7

116.5 108.4

52.4
64.0
30.4
33.6

49.2
59.1
29.8
29.3

44.8
54.7
29.5
25.3

54.8
65.6
30.2
35.4

57.2
67.8
29.9
37.9

61.4
72.0
28.9
43.1

63.5
75.9
32.7
43.2

65.4
78.3
33.8
44.5

11.1

10.9

11.0

11.7

11.7

12.0

12.4

38.4

40.6

40.1

40.0

41.5

42.0

42.0

42.9

96.6

86.1

93.4

95.0

92.0

478.1 494.6 485.0

76.6

82.5

59.6

72.5

102.3 95.5

Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits

80.8

98.7 101.9 104.2 106.8 108.9

729.3 773.8 756.1 793.3 814.2 844.8 866.1 885.7
95.6

97.5

97.4

99.7 101.2

554.7 577.1 566.2 580.3 598.5 620.3 635.4 646.9

26.1

-3.6

9.9

643.2 680.4 '664. 2 697.7 716.7 747.4 766.4 784.5

-

32.3

Gross domestic product of corporate business




Capital consumption allowances with
capital consumption adjustment

33.1

-14.6 -14.2 -14.9 -15.5

III *

Gross domestic product of nonfinancial corporate business.810.0
. . 870.4 851.1 892.0 916.1 949.0 972.8 994.6

27.8

Table 8.—Gross Domestic Product of Corporate Business (1.15, 7.8)

Profits tax liability
Profits after tax
Dividends
Undistributed profits.

Gross domestic product of1 financial corporate business

28.6

Corporate profits with inventory valuation and capital
consumption adjustments..
91.6
84.8
86.6 105.3 105.6 115.1 116.4 122.0
Corporate profits with inventory valuation adjustment and without
capital consumption adjustment
87.8 103.1
97.9 117.9 119.1 129.6 131.8 137.6
Profits before tax. .
127.6 114.5 105.8 126.9 131.3 141.1 146.2 150.2
Profits tax liability
52.4
49.2
65.4
44.8
54.8
57.2
61.4
63.5
Profits after tax.
75.2
65.3
72.1
84.8
61.0
74.1
79.7
82.7
Dividends
30.8
32.1
32.2
35.4
32.6
33.1
31.9
34.4
Undistributed profits..
44.4
33.2
29.1
49.4
39.5
46.6
41.9
48.3
Inventory valuation adjustment
-39.8 -11.4 -7.8 -9.0 -12.3 -11.5 -14.4 -12.6
Capital consumption adjustment
-3.0 -11.5 -11.4 -12.6 -13. 5 -14.5 -15.4 -15.7
Net interest
67.1
74.6
74.0
83.5
74.9
78.6
75.8
80.3

Profits before tax..

Net interest

28.4

-12.3

II

Net domestic product— Continued.
Inventory valuation adjustment. -39.8 -11.4 -7.8 -9.0 -12.3 -11.5 -14.4 -12.6
Capital consumption adjustment
-3.0 -11.5 -11.4 -12.6 -13.5 -14.5 -15.4 -15.7

Domestic income

Rental income of persons with
capital consumption adjustment
Rental income of persons
Capital consumption adjustment

928.8

I

Table 8.—Gross Domestic Product of Corporate Business—Con.

Table 7.—National Income by Type of Income (1.13)

875.8

IV

Billions of current dollars

Billions of dollars

National income

III

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

Compensation of employees

II

1976

.-

42.6
59.8
30.4
29.4

39.7
55.8
29.0
26.7

497.2 513.0 530.5 543.2 552.6

81.1

83.2

85.5

89.9

92.2

67.8

86.6

86.1

93.2

95.7 101.1

94.3

87.0 108.3 112.0 119.4 125.6 129.4
35.4
51.7
29.0
22.7

45.8
62.5
29.1
33.4

47.6
64.4
28.6
35.9

51.1
68.3
28.2
40.1

53.4
72.2
31.9
40.3

55.1
74.3
32.9
41.4

Inventory valuation adjustment- -39:8 -11.4 -7.8 -9.0 -12.3 -11.5 -14.4 -12.6
Capital consumption adjust- ys^ment
-3.0 -11.6 -11.4 -12.7 -13.6 -14.7 -15.5 -15.7
Net interest

29.0

30.8

30.2

30.8

32.0

33.9

35.2

36.5

Billions of 1972 dollars
Gross domestic product of nonfinancial corporate business — 698.7 676.8 668.1 688.9 696.1 713.9 725.7 732.1
Capital consumption allowances with
capital consumption adjustment
Net domestic product
_ _ __
Indirect business taxes and nontax
liability plus business transfer
payments less subsidies
_ _.
Domestic income

69.4

72.6

72.2

73.0

73.8

74.6

75.4

76.2

629.3 604.2 595.9 616.0 622.3 639.3 650.3 655.9
78.0 78.5 78.3 78.9 79.8 81.3 82.0 82.2
551.3 525.7 517.6 537.0 542.5 558.0 568.3 573.7

Dollars
Current-dollar cost and profit
per unit of constant-dollar
gross domestic product ^
Capital consumption allowances with
capital consumption adjustment
Net domestic product
Indirect business tax and nontax
liability plus business transfer
payments less subsidies
Domestic income

1.159 1.286 1.274 1.295 1.316 1.329 1.341 1.359

.116

.143

.142

.143

.146

.146

.147

.149

1.044 1.143 1.132 1.151 1.170 1.183 1.193 1.210

.123 .138
.921 1.005

.138 .139 .140 .136 .137 .138
.994 1.013 1.030 1.047 1.056 1.072

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

.794

.853

.847

.842

.860

.869

.876

.884

.085
.061

.107
.059

.101
.053

.126
.066

.124
.068

.131
.072

.132
.074

.138
.075

.024

.048

.049

.059

.055

.059

.058

.063

Net interest

.041

.045

.045

.045

.046

.047

.049

.050

* See Footnote on page 3.
1. Consists of the following industries: Banking; credit agencies other than banks; security
and commodity brokers, dealers, and services; insurance carriers; regulated investment companies; small business investment companies; and real estate investment trusts.
2. Equals the deflator for gross domestic product of nonfmancial corporate business with the
decimal point shifted two places tc the left.

SURVEY OF CURRENT BUSINESS

6

1976

1975

II

1975

1974

III

November 1976

IV

I

II

1975

III

1974

II

1975

1976

III

Seasonally adjusted at annual rates

IV

I

II

III

Seasonally adjusted at annual rates
Billions of 1972 dollars

Billions of current dollars
Table 9.—Auto Output in Current and Constant Dollars (1.16, 1.17)
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 of goods and services

42.7

45.8

44.1

52.0

51.0

61.2

64.3

61.0

40.0

39.7

38.6

45.0

42.6

50.4

51.8

48.7

41.9
36.1
27.4

47.2
40.3
29.7
10.5

44.4
37.1
27 2
10.0

50.0
42.8
31 5
11.3

51.8
45.1
32 6
12.4

59.7
52.6
39 4
13.2

49.5
41.7
32.7
9 0

49.7
41.6
31. 7

13.0
-5.0
— 1.6

12.2
—4.5
— 1.0

7.7

43.4
36. 1
27 6
85

50.1
42.1
32.8

7.5
7.5

43.2
35.3
27 4

8.1

39.4
33.1
26 0
7 2

38.5
31.0
23 7

9.4

62.2
55.2
38 8
16.4

40.8
33.4
25.9

8.9

61.9
54.9
39.7
15.3

14.8
—5.8
—2 3

14 0
—5.9
—1 9

16.0
-7.0
—2.5

11 1
—3.4
—1 8

11.3
—3.8
— 6

10 7
—3.5
— i

12 8
—4.3
—1 1

13.2
-4.7

13.6
-4.8
—1 1

.5

6 2
.5

5 3
.5

4 7
.5

6 0
.5

11 8
—4 3
— 6
5 2
58
.4

12 7
—4.3
—1 1

6 2
.6

16 6
— 7.5
—2 6
6 5
9 1
.6

— 1.3
— 1.5

-.3
— 3

.6

— 1.1
—1 2

.1

1.8
16

-.8
—1 1

.2

7
.2

1.7
.0

-.9
— 8
— 1

37 7
9 5

35 0

42.2

42.9

8.5

8.3

39 9
10 1

8.7
8.0

8.0

11.7
—3.8
—2.7

5.5
7.1

4.6
7 3
.5

Change in business inventories of new and used
autos

.8

New

.9
—.1

Used
Addenda:
Domestic output of new autos 1
Sales of imported new autos 2

35.2

9.0

2

37.4
10.3

7.7

5.2

.0
36 1
10.0

1975
1974

1975

II

III

8.9

9.1

8 1
.5

8 2
.5

15 4
—6.0
—2 8
6 1
8 9
.6

2.0
17

— .8
—1 1

1.5
13

2.4
2 4

.0

—1 1
— 9
— 2

— i

50 7
10 0

51 9
11 5

48 8
12 4

33 2
8 5

5.8

.3

43 5
10.9

6.2

3

41 3
10.0

2

6.5

9 0
.5

4.3

7

7.2
7.1

4.7

o

I

II

III

Proprietors' income with inventory valuation
and
capital consumption adjustments _ _ _ ...
Farm
Nonfarm
Rental income of persons with
capital consumption adjustment

1,153.3 1,249.7 1,230.3 1,265.5 1, 299. 7 1,331.3 1,362.0 1, 386. 0

9.5

1974

1975

II

6 3
.5

1976

III

IV

I

II

III

Less: Personal tax and nontax
payments

170.4

168.8

142.2

174.0

179.8

183.8

189.5

195.8

806.7

792.8

811.7

836.4

861.5

881.1

897.8

Equals: Disposable personal
income .

982.9 1, 080. 9 1,088.2 1,091.5 1,119.9 1, 147. 6 1,172.5 1,190.2

273.9

211.4
184.4
145.9

275.3
211.7
195. 6
159.9

269.1
206.9
192.5
157.4

276.2
212.5
196.8
161.3

285.8
220.3
202.3
166.1

295.3
229.6
208.3
172.4

302.9
235.6
212.8
176.7

307 0
238.9
216.5
182.7

Less* Personal outlays

910.7

996.9

983.6 1,011.1 1, 036. 2 1,068.0 1,089.6 1,114.3

887.5

973.2

960.3

160.9

175.8

173.8

177.3

182.2

185.4

188.7

22.8

22.4

55.5

62.5

61.4

63.3

65.2

67.1

69.0

191 7
71 1

Personal consumption expenditures
Interest paid by consumers
to business
Personal transfer payments
t,Q foreigners (net)

86.9

90.2

86.8

95.5

97.2

93.2

100.3

96. 1

25.8
61.1

24.9
65.3

24.1
62.7

29.2
66.3

28.3
69.0

21.9
71.4

27.5
72.8

21. 7
74.4

22.4

22.9

23.3

23.1

23.4

Dividends
.
Personal interest income

30.8
101.4

32.1
110.7

31.9
109.0

32.6
111.0

32.2
114.4

33.1
118.0

34.4
120.7

35 4
125.0

Transfer payments _ .

140.3

175.2

175.5

179.1

182.5

188.6

187.6

192.4

22.2
1.0

.9

.9

987.3 1, 012. 0 1, 043. 6 1, 064. 7 1,088.5

22.8

23.3

23.4

23.9

.9

.9

1.0

1.0

24.8
1.1

79.5

82.9

75.8

72.2

84.0

104.5

80.5

83.7

Total, billions of 1972 dollars .

840.8

855.5

869.7

8E7.1

867.5

880.4

890.5

892.0

Per capita:
Current dollars
1972 dollars
-

4,639
3,968

5,062
4,007

5, 102
4,078

5, 105
4,009

5,227
4,049

5,347
4,103

5,455
4,143

5,526
4,142

211.9

213.5

213.3

213.8

214.2

214.6

214.9

215.4

7.3

7.8

9.6

7.4

7.5

6.9

7.1

6.4

Equals: Personal saving- .

22.3




1.7

.9

5.3

765.0

22.4

Less: Personal contributions
for social insurance..

.5

Table 10.—Personal Income and Its Disposition—Con.

21.0

Old-age, survivors,
disability, and health insurance benefits
Government unemployment insurance benefits
Veterans benefits.. . . .
Government employee retirement benefits
Aid to families with dependent children
..
Other..

6 2
.5

Billions of dollars

disburse-

Other labor income

-.9
5.4
6.4

5.1

9.8
8.7

Seasonally adjusted at annual rates

Table 10.—Personal Income and Its Disposition (2.1)

Commodity-producing industries 3 .
Manufacturing
Distributive industries 4
Service industries 5
Government and government enterprises

9.3
8.5

8.4

1975

Billions of dollars

Personal income

o

31 5
8 7

Seasonally adjusted at annual rates

Wage and salary
ments

I

1976

IV

7.5

4.9

4.6

1

32 5
89

8.0
8.5

Addenda:
Disposable personal income:

Population
millions)

--

(mid-period,

Personal saving as percentage
of disposable personal income

70.1

81.4

77.8

84.7

86.3

88.1

89.5

95-8

i. Consists of final sales and change in business inventories of new autos produced in the

6.6
11.8

17.3
14.5

18.1
13.9

18.4
14.2

17.7
15.0

17.7
16.0

15.3
14.7

14- 7
14. 4

18.6

22.1

21.6

22.4

23.3

23.8

24.9

25. 5

9.2
30.8

9.0
35.1

9.4
30.0

9.7
30.5

9.8
33.2

9.7
33.4

9. 9
32. 2

2. Consists of personal consumption expenditures, producers' durable equipment, and
government purcnases.
3. Consists of agriculture, forestry, and fisheries; mining; contract construction; and manufacturing.
4. Consists of transportation; communication; electric, gas, and sanitary services; and
trade.
5. Consists of finance, insurance, and real estate; services; and rest of the world.

50.0

49.5

50.1

51.0

53.4

54.3

55. 2

7.9
25.2
/f\

'!&> X

NOTE.— Table. 10: The industry classification of wage and salary disbursements and proprietors' income is on an establishment basis and is based on the 1967 Standard Industrial
Classification.

SURVEY OF CURRENT BUSINESS

November 1976

1975
1974

II

1975

1975

1976

III

I

IV

II

1975

1974

III

II

1976

III

Seasonally adjusted at annual rates

IV

I

II

III

Seasonally adjusted at annual rates
Billions of 1972 dollars

Billions of current dollars

Table ll.^Personal Consumption Expenditures by Major Type of Product in Current arid Constant Dollars (2.3, 2.4)
Personal consumption expenditures.. _ -

887.5

Services
_ _. __
Housing
Household operation
Electricity and gas.
Other
Transportation
Other..

_ _

987.3 1, 012. 0 1, 043. 6 1,064.7 1, 088. 5

770.3

767.5

808.6

815.'

126.;

136 0
56.3
58.2
21.5

141 8
59.2
60.6
22.0

151 4
68.0
61.2
22.2

155 0
70.4
62.3
22 3

157 6
71 7
62.9
23 0

112 3
44.4
50.5
17 4

111 9
44.7
49.5
17.8

108 4
41.9
49.1
17 5

115 1
47.2
49.9
18.1

118 0
48.2
51.3
18.5

124 3
54.8
51.0
18.5

376 2
189.9
65 1
36.3
9.5
75 4

409 1
209.5
70 0
38 9
10.1
80 6

405 8
207.8
69 3
38.6
9.9
80 2

414 6
211.8
71 3
39.2
10.8
81 6

421 6
215.2
73 0
39.9
10.2
83 3

429 1
219.2
73 5
40.1
11.2
85 0

434 8
223 1
73 2
40 3
11.0
87 2

441 8
225.2
75 9
41 6
11.9
87 2

303 5
147.5
58 9
24 6
5.2
67 2

306 1
150.5
61 3
24 8
5.1
64 4

307 2
151. 2
61 0
25 5
5.2
64 3

305 8
150.4
62 1
24.0
5.3
64 9

303 5
151. 9
63 4
24.0
4.9
65 5

314 6
155. 3
63 3
25.0
5. 5
65 5

317 6
157.7
62 6
25.4
5.3
68 5

318.
158.
63.
25.
5.
66

389.6
136.4
56 1
24.0
32.1
31.1
166.0

432.4
150.2
63 9
28.9
35.0
34.0
184.2

427.4
148.4
63.7
28.9
34.8
33.6
181.8

436.7
151.8
65.0
29.5
35.5
34.1
185.8

448.6
155.8
65.9
29.6
36.3
35.0
191.9

463.2
159.7
68.4
31.0
37.4
36.5
198.6

474.9
163.9
69 6
30.6
39.0
37.0
204.3

489 1
167 8
72 8
32 6
40.3
37 8
210 7

343 4
123.3
48 3
19.7
28.6
28 6
143.2

352 4
128.6
50 1
20.6
29.5
28 8
145.0

351 8
127.9
50 4
21.0
29.4
28.7
144.8

353.4
123.3
50.4
20.7
29.7
28.7
145.0

356.4
130.7
50.1
20.2
29.9
23.9
146.9

361.8
132.1
51.1
21.0
30.0
29.5
149.0

355.8
133.8
51.4
23.3
31.1
29.5
151.1

370.
135.
52.
20.
31.
29.
153.

1975

II

III

IV

I

II

1974

III *

1975

II

III

55. <
52. ((
18.

1976

1975

1976

IV

I

II

III*

Seasonally adjusted at annual rates
Billions of dollars

Billions of dollars

Table 12.—Federal Government Receipts and Expenditures (3.2)

Table 13.- •State and Local Government Receipts and Expenditures (3.4)

288 2 286 5 254 4 297 7 306 7 316 5 324 6 334 0

Personal tax and nontax receipts
Income taxes
Estate and gift taxes
Nontaxes..

131.2 125.7 99.7 130.5 135.1 137.7 141.9 147.2
126 2 120 7 94 7 125 5 130 0 132 5 136 6 141 5
49
48
48
50 50 51 52 56
1
1
1
1
1
1
1
1

Corporate profits tax accruals

45 6

42 6

38 7

47 4

49 4

53 1

54 8

Indirect business tax and nontax
accruals
Excise taxesCustoms duties * .
Nontaxes

21 7 23 9
16 6 16 4
37
58
15 17

23 2
16 3
52
17

25 2
16 6
69
17

25 5
16 6
7 2
17

22 8
16 7
44
17

23 3 23 8
16 8 17 1
48
4 9
17 18

94.3

92.9

94.7

96.6 102.9 104.6 106.6

Contributions for social insurance
Expenditures.. . .

56 5

Nondefense
Compensation of employees
Other .
Transfer payments
To persons
To foreigners 2

89.8

111.6 124 4 122 .4 124 6 130 4 129 2 131 2 134 5
77 3 84 3 83 4 84 6 87 1 86 2 86 9 88* 5
37.7 40 0 39 5 39 7 41 3 41 6 41 7 42 0
23 0 23 8 23 6 23 5 24 4 24 3 24 3 24 3
14 7 16 2 15 9 16 2 16 9 17 3 17 5 17 7
39 6 44 3 43 9 44 9 45 8 44 6 45 2 46 5
34 3
17.2
17 1

40 1
19.3
20 8

39 0
18.9
20 0

40 0
19.3
20 7

43 2
20 2
23 1

42 9
20 6
22 3

44 2
20 8
23 4

46 0
21 1
24 8

117 6 148 9 149 7 152 1 154 9 160 3 158 7 163 1
114 3 145 8 146 6 149 2 151 8 157 2 155 6 159 8
3° 31 31 2 9
32
31 31 3 4

State

and local

Net interest paid ... .
Interest paid
To persons and business. _
To foreigners
Less: Interest received by Government
_
Subsidies less current surplus of
government enterprises
Subsidies
Less: Current surplus of Government enterprises
Less: Wage accruals less disbursements ..

43 9

54 4

53 2

56 8

58 0

58 8

56 3

fin i

20
24
19
4

9
1
8
3

23 5
27 2
2? 7
45

22 6
26 3
21 9
44

23 6
27 6
23 1
45

25
29
25
4

6
6
2
4

26 6
31 1
26 7
44

27
32
27
4

27
32
28
4

3.2

3.7

3.7

4.0

4.0

4.5

4.9

5.0

52
35

65
45

64
4 3

67
45

71
49

54
50

52
48

56

—1 8 —2 0 —2 1 —2 1 —2 2

_ 3

— 4

7

.0

.0

.0

-.5

.0

.0

.0

.0

4
3
9
4

4

7
7
3
4

Q

Surplus or deficit (— ), national
income and product accounts... -11.5 -71.2 -99.9 -66.0 -69.4 -63.8 -54.1 -57.1
Social insurance funds
6 1 —12 6 —10 6 —16 0 16 7 13 7 10 4 13 6
Other funds
-17.6 -58.7 -89.3 -50.0 -52.7 -50.1 -43.7 -43.5




Receipts

_

210.2 234.3 230.4 239.7 245.0 251.6 254.3 262.1

-.

Personal tax and nontax receipts
Income taxes
Nontaxes
Other
Corporate profits tax accruals

299 7 357 8 354 3 363 7 376 0 380 3 378 7 391 1

Purchases of goods and services
National defense
Compensation of employees . .
Military
Civilian
Other

Grants-in-aid to
governments.

809. 7

127 0
49.5
57.0
20.5

Seasonally adjusted at annual rates

Receipts. _

783.9

775.3

131 7
53.2
57.6
21.0

1975
1974

759.1

121 6
47.9
54.7
19.1

___

_

960.3

125.2
55.2
51.6
18.4

Durable goods.
_
Motor vehicles and parts
Furniture and household equipment
OtherNondurable goods
Food __ __
Clothing and shoes
Gasoline and oil
Fuel oil and coal __
Other

973.2

39.2
20.6
12.8
5.8

43.1
22.8
14.1
6.1

42.5
22.4
14.0
6.1

43.5
23.1
14.2
6.2

44.7
24.0
14.4
6.3

46.1
25.1
14.7
6.3

47.6
26.2
15.0
6.4

48.6
26.9
15 2
6.5

6.8

6.7

6.1

7.5

7.7

8.3

8.7

9.0

Indirect business tax and nontax
108.7 114.7 113.3 116.3 118.7 122.0 124.9 127.2
accruals
Sales taxes
..
. .. -- 47.9 51.6 51.0 52.5 53.8 55.8 57.1 57.8
48.7 52.3 51.6 52.8 53.9 55.1 56.4 57 9
Property taxes
10.1 10.8 10.8 11.0 11.0 11.1 11.3 11.5
Other
Contributions for social insurance

13.7

15.4

15.2

15.7

16.0

16.4

16.8

17.2

Federal grants-in-aid

43.9

54.4

53.2

56.8

58.0

58.8

56.3

60.1

203.0 227.5 223.4 231.8 237.2 239.5 245.0 249.3

Expen ditures

191.6 214.5 210.9 218.6 223.4 225.5 230.9 235.0
Purchases of goods and services
106.7 119.2 117.9 121.1 123.7 127.0 130.0 132.8
Compensation of employees
Other -.
. --. 85.0 95.3 93.0 97.5 99.7 98.5 100.9 102.2
Transfer payments to persons

.-

Net interest paid
Interest paid
Less: Interest received by government
Subsidies less current surplus of
government enterprises
.
Subsidies
Less: Current surplus of government enterprises
Less: Wage accruals less disbursements
Surplus or deficit (— ), national
income and product accounts...
Social insurance funds
Other funds

20.3

23.1

22.7

23.5

24.2

24.6

25.0

25.4

—4.6 —5.7 —5.6 -5.8 -6.0 -6.2 -6.4 —6.6
9.4 10.1 10.1 10.2 10.2 10.3 10.4 10.6
14.0

15.8

15.7

16.0

16.2

16.6

16.8

17.2

-4.4 -4.5 -4.5 -4.5 -4.4 -4.4 -4.4 -4.4
2
2
1
2
.2
.2
.2
4 5

4.7

4.7

4.7

4.6

4.6

4.6

4.6

.0

.0

.0

.0

.0

.0

.0

.0

7.3

6.9

6.9

7.9

7.9

12.2

9.2

12.7

12.7 13.0
-.6 -3.8

13.2
-.5

10.1 12.0 11.9 12.3 12.5
-2.8 -5.1 -5.0 -4.4 -4.6

* See footnote on page 3.
1. Includes fees for licenses to import petroleum and petroleum products.
2. See footnote 1 to table 14.

SUEVEY OF CUEEENT BUSINESS
1975
1974

1975

II

November 1976

1976

III

IV

I

1975
III*

II

1974

II

1975

Seasonally adjusted at annual rates

142.4 148.1 142.9 148.2 153.7 154.1 160.3 166.3

Exports of goods and services
Merchandise
Other

144.4 148.1 142.9 148.2 153.7 154.1 160.3 166 3
98.3 107.1 103.4 106.4 110.6 107.8 113.9 118.8
46.1 40.9 39.5 41.8 43.1 46.3 46.4 47.5

Capital grants received by the United
States (net) 1 .

-2.0

.0

.0

.0

.0

Payments to foreigners

142.4 148.1 142.9 148.2 153.7 154.1 160.3 166.3

Imports of goods and services
Merchandise
Other

136.9 127.6 118.5 126.8 132.7 145.7 151.0 162.9
103.7 98.2 90.4 98.0 101.8 113.8 118.5 129.8
33.2 29.4 28.1 28.7 30.9 31.9 32.5 33.1

Transfer payments (net) _ .
From persons (net)
From government (net)

...

4.2
1.0
32

4.0
.9
31

4.1
.9
31

3.8
.9
29

4.0
.9
32

4.1
1.0
31

4.1
1.0
31

4.4
1. 1
34

4.3

4.5

4.4

4.5

4.4

4.4

4.4

4.4

-3.0

11.9

15.9

13.1

12.6

-.2

Interest paid by government to foreigners
Net foreign investment

I

II

III*

Table 15.—Gross Saving and Investment (5.1)
Gross saving

Receipts from foreigner

.0

IV

Billions of dollars

Table 14.—Foreign Transactions in the National Income and
Product Accounts (4.1)

.0

III

Seasonally adjusted at annual rates

Billions of dollars

.0

1976

.8 —5.5

205 3 191 2 180 2 204 6 208 0 222 1 234 2 234 2

Gross private saving
211 6
Personal saving
72.2
Undistributed corporate profits
with inventory valuation and
capital consumption adjustments1.7
Undistributed profits
44.4
Inventory valuation adjustment. -39.8
Capital consumption adjustment _
..
._ .. -3.0
Corporate capital consumption
allowances with capital consumption adjustment
84.6
Noncorporate capital consumption allowances with capital
consumption adjustment
53.1
Wage accruals less disbursements. ._
.0

255 6 273 2 262 7 269 4 273 8 279 1 278 6
84.0 104 5 80 5 83 7 79 5 82 9 75 8

10.3
9 9 17 9 16 2 20 6 18 5 21 2
33.2 29.1 39.5 41.9 46.6 48.3 49.4
-11.4 -7.8 -9.0 -12.3 -11.5 -14.4 —12.6
-11.5 —11 4 -12 6 —13.5 —14 5 —15 4 —15 7
100.9

99 3 103 1 106.4 108 8 111 6 113 9

60.4
.0

59 5
.0

63.2
.0

61 3
.0

64 8
.0

66 1
.0

67.7
.0

Government surplus or deficit (— ),
national income and product
accounts
-4.2 —64 4 —92 9 -58 1 —61 5 —51 6 -44.9 —44.4
Federal
-11.5 -71.2 —99 9 —66.0 -69.4 —63.8 -54.1 —57.1
7.9 12.2
9.2 12.7
State and local
.
_ -_
7.3
6.9
6.9
7.9
Capital grants1 received by the United
States (net)

-2.0

Gross investment
Gross private domestic investment
Net foreign investment .

211.9 195.6 180.3 209.8 214.0 229.4 240.0 241.6
215.0 183.7 164.4 196.7 201.4 229.6 239.2 247.0
.8 —5.5
-3.0 11.9 15.9 13.1 12.6 -.2
6.6

Statistical discrepancy

.0

.0

.0

.1

4.4

.0

5.1

6.1

.0

7.2

.0

.0

7.4

5.8

Table 16.—Inventories and Final Sales of Business in Current and Constant Dollars (5.9, 5.10)

II

Inventories

2

.

Farm
Nonfarm
Durable goods
Nondurable goods

.__
..

Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods

_

Retail trade
Durable goods
Nondurable goods
Other
Final sales 3
Ratio of inventories to final sales
Nonfarm 4

.

IV

III

II

III

II

III

IV

I

Seasonally adjusted

Seasonally adjusted

Billions of current dollars

Billions of 1972 dollars

II

III

298.2

417.7

426.8

426.8

434.9

445.4

452.9

291.9

291.7

290.3

292.9

295.7

63.2

66.3

63.3

64.2

65.4

62.3

42.0

42.2

42.6

43.0

42.7

42.7

354.5
199.9
154.6

360.5
202.0
158.5

363.5
203.4
160.1

370.7
205.5
165.1

380.0
209.1
171.0

390.6
216.1
174.5

249.9
145.5
104.5

249.4
144. 3
105.2

247.7
142.4
105.3

249.9
141.8
108.1

252.9
142.8
110.1

255.5
143.9
111.6

184.8
120.2
64.6

186.4
120.2
66.2

188. 5
120.8
67.7

190.6
121.3
69.3

194.7
123.5
71.2

199.7
126.8
72.9

126.6
85.2
41.4

125.0
83.6
41.5

124.1
82.1
41.9

124.1
81.4
42.7

125.4
81.9
43.5

126.4
82.0
44.4

64.1
39.2
24.9

65.0
39.3
25.7

64.7
39.7
25.0

66.6
40.8
25.8

69.0
42.1
27.0

70.4
43.1
27.3

45.7
29.2
16.5

45.5
28.8
16.8

44.9
28.6
16.3

45.7
28.9
16.8

46.8
29.6
17.3

47.4
29.7
17.7

72.3
31.7
40.7

75.0
33.5
41.5

74.7
33.5
41.2

34^0
43.2

79.4
34.1
45.3

82.2
36.4
45.8

55.2
24.5
30.6

56.2
25.5
30.7

55.6
25.2
30.4

56.8
25.0
31.8

57.2
24.8
32.4

58.2
25.8
32.4

33.3

34.1

35.6

36.3

36.9

38.3

22.5

22.6

23.1

23.3

23.5

23.5

1,276.4

1,308.8

1,344.7

1,365.9

1,399.5

1,428.0

1,011.1

1,021.8

1,035.7

1,044.7

1,059.9

1,068.0

.327
.278

.326
.275

.317
.270

.318
.271

.318
.272

.317
.274

.289
.247

.285
.244

.280
.239

.280
.239

.279
.239

.279
.239

* See footnote on page 3.
1. In February 1974, the U.S. Government paid to India $2,010 million (quarterly rate)
in rupees under provisions of the Agricultural Trade Development and Assistance Act. In
the national income and product accounts, this payment is included in capital grants received
by the United States (net); in the balance of payments accounts, it is included in unilateral
transfers (excluding military grants of goods and services), net. Accordingly, this payment
is excluded from Federal Government transfers to foreigners and related totals shown in
tables 12,14, and 15, and is included in the first quarter of 1974 as —$8.0 billion (annual rate)
in capital grants received by the United States (net) shown in tables 14 and 15.
2. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories
calculated from current-dollar inventories shown in this table is not the current-dollar change
in business inventories (CBI) component of GNP. The former is the difference between two




I

1976

1975

1976

1975

inventory stocks, each valued at end-of-quarter prices. The latter is the change in the Physical
volume of inventories valued at average prices of the quarter. In addition, changes calculated
from this table are at quarterly rates, whereas CBI is stated at annual rates.
3. Quarterly totals at annual rates.
,
, . , ,
_ ,,
4. Equals ratio of nonfarm inventories to final sales of business. These sales include a small
amount of final sales by farms.
NOTE.—Table 16: Inventories are classified as durable or nondurable as follows: For manufacturing, by the type of product produced by the establishment holding the inventory; for
trade by the type of product sold by the establishment holding the inventory; for construction, durable; and for other nonfarm industries, nondurable. The industry classification is
based on the 1967 Standard Industrial Classification.

November 1976

SUEVEY OF CUREENT BUSINESS
1975
1974

1975

II

9
1975

1976

III

IV

I

II

1974

III *

1975

Billions of dollars

National income without
capital
consumption
adjustment
1, 152. 0 1,236.2 1,210.6 1,263.5 1,296.7 1,338.7 1, 372. 5 1,398.6
1, 137. 5 1,225.6 1,200.0 1,252.2 1,285.6 1,325.8 1, 360. 1 1, 386. 3

Mining and contract construction

42.7

44.4

43.1

49.0

48.7

42.5

76.6

79.2

77.2

78.5

82.0

82.6

83.8

309.9
126.7
183.2

301.4
123.6
177.9

321.6
131.3
190.3

329.2
137.1
192.1

347.3
147.4
199.9

360.0
146.8
213.2

Transportation
Communication _

45.0
24.3

44.8
26.4

43.1
26.1

45.6
27.1

48.0
27.2

49.2
28.5

51.0
29.4

Electric, gas, and sanitary
services

18.4

22.9

22.7

23.2

23.9

23.3

23.8

Wholesale and retail trade...
Wholesale trade .
Retail trade

174.2
73.6
100.7

195.6
80.0
115.6

191.6
77.9
113.7

200.9
82.6
118.3

205.6
83.9
121.7

215.2
89.3
125.9

216.5
89.8
126.7

Finance, insurance, and real
estate
Services.

126.8
150.6

137.6
165.1

135.8
161.8

137.8
166.8

141.9
171.9

146.9
178.3

148.6
183.0

Government and government enterprises

180.6

199.7

197.2

201.8

207.2

211.7

215.4

14.5

10.6

10.6

11.3

11.1

13.0

12.4

Rest of the world

12.3

116.41 127.25 125. 93 128. 07 130.27 131. 29 132. 96 134. 34

Personal consumption expenditures

116.9 126.3 125.1 127.3 129.1 130.3 131.7 133.4
108.3 117.7 117.1 118.2 120.2 121.8 123.8 124.9
124.0 133.7 132.1 135.1 136.2 136.4 136.9 138.5
.... 113.5 122.7 121.5 123.6 125.9 128.0 129.8 132.0

Gross private domestic investment.
117.7
116.1
128.7
110.0
122.3
122.8
122.8
105.3

132.4
132.1
141.6
127 A
133.2
133.7
133.6
116.3

131.9
131.8
141.5
127.1
132.1
132.7
131.6
115.6

132.7
132.7
141.4
128.3
132.8
133.3
132.6
117.0

134.9
134.5
142.0
130.8
135. 9
136.4
136.2
118.8

137.0
136.2
143.3
132.8
139.0
139.6
138.8
120.1

139.0
137.5
145.0
133.8
142.9
143.4
143. 8
122.4

140.6
138.7
146.1
135.1
145.3
145.9
145.5
123.2

Net exports of goods and services
Exports
Imports
Government purchases of goods and
services
Federal
State and local

148.6 163.4 163.0 163.4 163. 7 164.6 168.1 170.5
169.6 187.4 186.9 186.6 187.3 189.2 190.4 198.1
118.3 129.9 128.6 130.8 133.4 135.4 137.3 139.2
117.1 130.0 128.4 130.4 134.2 135.4 136.7 138.3
119.0 129.8 128.7 131.0 132.9 135.4 137.7 139.7

* See footnote on page 3.
1. Consists of the following industries: Banking; credit agencies other than banks; security
and commodity brokers, dealers, and services; insurance carriers; regulated investment
companies; small business investment companies; and real estate investment trusts.
NOTE.—Tables 17 and 18: The industry classification of compensation of employees,
• proprietors' income, and rental income is on an establishment basis; the industry classification of corporate profits and net interest is on a company basis. The industry classification
of these items is based on the 1967 Standard Industrial Classification.




Domestic industries
Financial * Nonflnancial ..

..-

II

III *

84 8

91 6

86 6 105 3 105 6 115. 1 116.4 122.0

73 7
14 1
59.6

85 4
12 9
72.5

80 3
12*5
67.8

98 8
12 2
86.6

11.2

6.2

6.3

6.5

99 2 107.4 109.6 115.5
13.1 14.2 13.9 14.4
86.1 93.2 95.7 101.1
6.4

7.7

6.8

6.5

87 8 103.1

97.9 117.9 119.1 129.6 131.8 137.6

76 7
14.1
57
84

97.0
12.9
57
7.2

91 7 111.4 112.7 121.9 125.0 131.1
12.5 12.1 12.9 14.0 13.8 14.3
5.9
6.1
5.9
5.8
5 4
57
7.9
8.4
7.9
6.7
7.1
6.8

Nonfinancial
Manufacturing . _
Nondurable goods
Food and kindred products
Chemicals and allied productsPetroleum and coal products. ._
Other

62.6
36.9
25.1
2 6
4.9
10.1
75

84.1
46 4
29.2
5 8
5.7
9.3
84

79.2
43.5
28.7
60
5.3
10.1
7 3

99.3
57.0
32.6
6.3
6.8
9.2
10 4

99.8 107.9 111.2 116.8
55.3 61.2 66.4
34.3 37.5 35.6
6.1
7.3
6.0
8.3 8.2
7.3
10.4 11.2 10.4
10 6 10.8 10.8

Durable goods
Primary metal industries
Fabricated metal products
Machinery except electrical
Electrical equipment and supplies
Motor vehicles and equipment.
Other

11 9
4.9
15
17

17.2
3.6
3.1
4 6

14.8
2.9
31
4 3

24.3
2.7
4.1
58

21.1
2.7
3.5
52

23.7
3.3
3. 6
5.9

30.7
4.5
4.3
5.9

4
.2
32

1.2
.9
38

1.3
.2
32

1.7
3.9
61

1.4
2.8
54

1.8
4.6
4.5

2.5
6.1
7.4

Wholesale and retail trade
Transportation, communication,
and electric, gas, and sanitary
services
Other

12.4

20.9

19.6

24 .4

25.0

29.0

26.6

6.0
7 2

7.9
0 0

7.3
89

9.5
84

9.7
9.7

8.6
9.1

9.5
8.8

11.2

6.2

6.3

6.5

6.4

7.7

6.8

Domestic industries
Financial 1 -_.
Federal Reserve banks
Other

Gross national product

Fixed investment
Nonresidential
Structures
Producers' durable equipment ._
Residential
Nonfarm structures
Farm structures
Producers' durable equipment __
Change in business inventories

Corporate profits with inventory
valuation and capital consumption adjustment

Corporate profits with inventory
valuation adjustment
and
without capital consumption
adjustment

Table 19.—Implicit Price Deflators for Gross National Product (7.1)
[Index numbers, 1972=100, seasonally adjusted]

Durable goods
Nondurable goods
Services

I

Table 18.—Corporate Profits by Industry (6.18)

Rest of the world .

48.6

298.2
119.3
178.9

Manufacturing
Nondurable goods
Durable goods

IV

Billions of dollars

Table 17.—National Income Without Capital Consumption Adjustment by Industry (6.4)

Agriculture, forestry, and
fisheries

III

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

Domestic income. ...

II

1976

Rest of the world
Corporate profits before deduction of capital consumption allowances with inventory valuation adjustment
Domestic industries
Financial 1
Federal Reserve banks .
Other

6.5

169.4 192.6 185.8 208.4 211.9 223.9 228.0 235.9
158.2 186.4 179.5 201.9 205.6 216.2 221.2 229.4
17.9 17.3 16.8 16.6 17.6 18.8 18.7 19.4
6.0
6.1
5.9
5.4
5.8
5.7
5.7
5.7
12.2 11.6 11.1 11.2 11.8 12.7 12.8 13.5

140.3 169.1 162.8 185.3 188.0 197.4 202.5 210.0
Nonfinancial
_
Manufacturing
70.9 83.1 79.6 94.2 93.4 99.7 105.5
40.9 46.3 45.5 50.1 52.1 55.5 53.8
Nondurable goods .
9.2
9.0 10.3
9.3
8.9
5.3
8.8
Food and kindred products
9.4
9.0 10.5 11.1 12.2 12.2
Chemicals and allied products8.3
Petroleum and coal products.- 15.1 14.7 15.4 14.8 16.1 16.9 16.2
12.1 13.4 12.1 15.5 15.9 16.0 16.2
Other

::::::

Durable goods
30.0
8.2
Primary metal industries
2.8
Fabricated metal products
Machinery, except electrical . . . 5.0
Electrical equipment and sup3.1
plies
Motor vehicles and equip3.2
ment
7.7
Other

36.8
6.9
4.6
8.3

34.2
6.1
4.5
8.0

44.1
6.1
5.6
9.6

41.3
6.0
5.0
9.0

44.2
6.6
5.1
9.9

51.7
7.9
5.9
10.0

4.0

4.0

4.5

4.2

4.7

5.5

4.3
8.8

3.5
8.0

7.2
11.1

6.6
10.5

8.3
9.6

9.9
12.6

20.7

30.0

28.6

33.7

34.5

38.6

36.4

27.3
21.5

31.3
24.7

30.2
24.4

33.1
24.3

34.1
26.0

33.3
25.8

34.8
25.7

11.2

6.2

6.3

6.5

6.4

7.7

6.8

Wholesale and retail trade
Transportation, communication,
and electric, gas, and sanitary
services
Other
.
_. _ Rest of the world

::::::

6.5

SURVEY OF CURRENT BUSINESS

10

1975
1974

1975

II

III

November 1976
1975

1976

IV

I

II

1974

III*

Gross national product

Gross

III

IV

I

II

III*

Index numbers, 1972=100

Index numbers, 1972=100
20.—Fixed-Weighted Price Indexes for
Product, 1972 Weights (7.2)

II

Seasonally adjusted

Seasonally adjusted

Table

1975

1976

National

Table 23.—Implicit Price Deflators for the Relation of Gross
National Product, Net National Product, and National Income
(7.6)

116.6 127.3 126.0 128.3 130.4 131.7 133.4 134 8

Personal consumption expenditures
117.5
Durable goods
108.3
Nondurable goods
... 125.1
Services. _
113.6

127.1
117.9
135.1
122.9

125.8
117.4
133.3
121 7

128.3
118 4
136.7
123 8

130.2
120.4
138.1
126 2

131.2
122.1
137.7
128 4

132.5
123.9
138 2
130.2

134.3
124.8
139.8
132.4

Gross private domestic investment
Fixed investment
118 9
Nonresidential
116 9
Structures
128.7
Producers' durable equipment __ 110.2
Residential
122.5
Change in business inventories

132 8
132 6
141.7
127.4
133.3

132 3
132 3
141.6
126.9
132.3

133 2
133 4
141.4
128.7
132.9

135 4
135 0
142.0
131.0
136.0

137 7
137 0
143.3
133.3
139.1

139.8
138 2
144.8
134.5
142.9

141.7
139 7
146.0
136.1
145.3

116.41 127. 25 125. 93 128. 07 130. 27 131.29 132.96 134. 34

Gross national product

Less: Capital consumption allowances
with capital consumption adjustment..
_> __ .. 117.6 132.8 131.3 134.6 137.4 139.4 141.4 143.5
Equals: Net national product

116.3 126.6 125.3 127.3 129.5 130.4 132.0 133.3

Less: Indirect business tax and nontax liability plus business
transfer payments less subsidies plus current surplus of
government enterprises
113.5 120.9 119.7 123.0 123.2 123.5 125.7 127.2
Residual
..

Net exports of goods and services
E x ports ._
Imports
_. ..

148 1 164 4 163 9 164 4 164 8 165 5 168.9 171.8
170.4 187 7 187 5 186 5 187 6 188 9 189.8 197.1

Equals: National income

Government purchases of goods and
services
Federal State and local ..

119 1 130 9 129 6 131 7 134 3 136 0 137.7 139.4
118 9 131 8 130 0 132*3 136 0 136 3 137.3 138.8
119.3 130 3 129.3 131 3 133 2 135 7 138.0 139.8

Table 24.—Implicit Price Deflators for Net National Product and
National Income by Sector (7.7)

Addenda:
Gross domestic product
Business

116.2 126 8 125.6 127 8 129 9 131. 3 133.0 134.4
116 4 127 2 125 9 128 2 130 1 131 3 133.0 134.4

Table 21.—Implicit Price Deflators for Gross National Product by
Major Type of Product (7.3)
Gross national product

.

116.41 127. 25 125. 93 128. 07 130. 27 131.29 132. 96 134. 34

Final sales
116.3 127.2 126.2 128.1 130.0 131.2 132.9 134.2
Change in business inventories . .
Goods
Final sales
Change in business inventories

115.7 128.0 126.5 128.8 130.9 130.4 131.7 132.3
115.5 127.8 127.1 129. 0 130.3 130.1 131.4 132.0

Durable goods
Final sales
Change in business inventories

110.3 124.3 124.2 124.5 126.6 127.4 130.7 131.4
109.8 124.5 124.5 125.5 127.1 127.6 130.5 131.0

115.0 124.4 123.2 125.3 127.8 130.2 132.0 134.1
126.6 138.8 138.3 138.6 140.1 142.0 144.7 146.1

. .

116.3 126.6 125.3 127.3 129.5 130.4 132.0 133.3

Net national product

115.7 126.2 124.9 126.9 129.1 129.9 131.6 132.9

Net domestic product Business
Nonfarm
Farm
Residual

.

..

115.9 126.5 125.2 127.1 129.1 129.7 131.4 132.6
114.8 125.5 124.4 125.8 127.6 129.0 130.1 131.9
163.9 151.5 143.9 158.3 167.9 142.4 162.5 141.7

...

117.2 129.1 127.4 131.0 132.6 134.0 135.8 137.3
114.2 123 8 122.5 124.5 127.7 130.0 131.9 133.7

Households and institutions
Government
Rest of the world
National income

116.8 127.1 125.8 127.6 129.9 130.9 132.4 133.7

. . .

116.2 126.6 125.4 127.1 129.4 130.3 131.9 133.2

Domestic income

Nondurable goods
119.4 130.3 127.9 131.3 133.6 132.2 132.3 132.9
Final sales
119.4 130.0 128.8 131.2 132. 5 131.8 132.1 132.7
Change in business inventories....
Services
Structures..

116.8 127.1 125.8 127.6 129.9 130.9 132.4 133.7

Business .
Nonfarm
Farm

. 116.5 127.0 125.8 127.4 129.6 130.2 131.8 132.9
115.5 126.7 125.6 126.8 128.8 130.3 131.3 133.1
146.3 137.4 130.4 143.3 153.1 127.7 145.7 127.8

... . ...

117.2 129.1 127.4 131.0 132.6 134.0 135.8 137.3
114.2 123.8 122.5 124.5 127.7 130.0 131.9 133.7

Households and institutions
Government
Rest of the world

Table 25.—Implicit Price Deflators for Auto Output (7.9)
Table 22.—Implicit Price Deflators for Gross National Product by
Sector (7.5)
Gross national product
Gross domestic product

116.41 127. 25 125.93 128. 07 130. 27 131.29 132.96 134. 34
115.9 126.9 125.6 127.7 129.9 130.9 132.6 133.9

Auto output

...

Final sales
Personal consumption expendituresNew autos
Net purchases of used autos
Producers' durable equipment
New autos. . .

106.8 112.9 114.2 115.5 119.8 121.5 124.1 125.2
106.4 113.1 115.3 115.6 119.2 120.6 123.5 125.2
109.1 117.7 119.9 121.3 124.8 126.0 130.5 132.8
105. 6 115.1 114.5 115.1 118.1 120.4 121.2 122.1
103.6 107.7 107.3 104.9 108.3 110.8 105.0 103.7
105.8 115.1 114.5 115.1 118.1 120.5 121.3 122.2

Business
Nonfarm
Nonfarm less housing
Housing
Farm
Residual

116.1
115.1
115.8
109.3
151.3

Households and institutions

117.2 129.1 127.4 131.0 132.6 134.0 135.8 137.3

Net exports
107.2 lie. 6 113.8 116.8 119.0 119.2 119.6 122.8
Exports
118.8 134.9 132.0 134.7 139.9 143.1 141.2 142.9
Imports
Government purchases of goods and
services
.
. 111.8 120.6 118.0 118.2 120.7 122.0 118.7 119.0
Change in business inventories of new

Government _ .
Federal
State and local

114.2 123.8 122.5 124.5 127.7 130.0 131.9 133.7
113.5 122.9 121.2 122.5 127.8 129.2 130.2 131.3
114.6 124.2 123.2 125.5 127.6 130.4 132.7 134.9

Addenda:
Domestic output of new autos
Sales of imported new autos 2 _

...

127.2
126.3
127.6
115.0
147.3

125.9
125.2
126.5
114.2
141.5

128.0
126.8
128.1
115.5
152.9

130.1
128.7
130.1
117.3
160.2

130.9
130.1
131.4
118.9
141.9

132.5
131.3
132.6
120.4
157. 6

133.8
133.2
134.5
122.0
142.8

l

106.0 115.0 114.3 115.4 118.1 120.2 121.0 122.2
105.8 115.0 114.5 115.1 118.0 120.4 121.2 122.1

Rest of the world




*See footnote on page 3.
.
1. Consists of final sales and change in business inventories of new autos produced m the
United States.
.
,
2. Consists of personal consumption expenditures, producers' durable equipment, ana
government purchases.
NOTE.— Table 21: "Final sales" is classified as durable or nondurable by type of product.
"Change in business inventories" is classified as follows: For manufacturing, by the type of
product produced by the establishment holding the inventory; for trade, by the type of product sold by the establishment holding the inventory; or construction, durable; and for other
industries, nondurable.
, ,. ,
Tables 22 and 21>: The industry classification within the business sector is on an establishment basis and is based on the 1967 Standard Industrial Classification.

SUKVEY OF CURRENT BUSINESS

November 1976

1975
1974

II

1975

III

11

1976

IV

I

1975

II

III *

1974

II

1975

Table 26.—Implicit Price Deflators for Personal Consumption
Expenditures by Major Type of Product (7.11)
116.9 126 3 125 1 127 3 129 1 130 3 131 7 133 4
108.3 117.7 117.1 118.2 120.2

121.8 123.8 124.9

Motor vehicles and parts
107.8 119.0 118.2 119 5 122 7 124 1 127 6 129.5
Furniture and household equipment. 108.2 116.5 116.0 116.7 118.2 119.9 120.7 121.0
Other
109.8 117.9 117.5 118 7 119 2 120.2 121 0 121.8
Nondurable goods
Food
Clothing and shoes
Gasoline and oilFuel oil and coal
Other

124.0 133.7 132 1 135 1 136 2 136 4 136 9 138.5
128 7
110.5
147.4
182.5
112.3

139 2
114.3
157.1
197.6
125.1

137 5
113 5
151.3
190 9
124 8

140 8
114 7
163.0
202 6
125 7

141 7
115 1
166.6
209 9
127 3

141 1
116 1
160 7
205 1
129 7

141 5
116 9
158. 6
206 5
131.1

142 0
119.0
165.7
215 0
132.3

113.5 122.7 121 5 123 6 125 9 128 0 129 8 132.0

Services
Housing
Household operation
Electricity and gas
Other
Transportation
Other

110 6
116.2
122.0
112.3
108.8
115 9

116 8
127.8
140.4
118.9
118.2
127 0

116 0
126.3
137.8
118 1
117.0
125 6

117 4
129.0
142.9
119 3
118.9
128 1

119 2
131.6
146.7
121 4
121.1
130 8

120 9
134.0
147.4
124 6
123 5
133 3

122 5
135.5
151.0
125 4
125.5
135 2

124.1
138.8
156. 3
127.3
127.7
137 3

Table 27.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price
Deflator, and Price Indexes (8.9)
Percent at annual rate

Percent
Gross national product:
Current dollars _
1972 dollars
Implicit price deflator
Chain price index . .
Fixed-weighted price index
Personal consumption expenditures:
Current dollars
1972 dollars
Implicit price deflator
Chain price index. .. . .
Fixed-weighted price index
Durable goods:
Current dollars
1972 dollars .
Implicit price deflator..
Chain price index .
Fixed-weighted price index
Nondurable goods:
Current dollars. .
1972 dollars
Implicit price deflator
Chain price index .
Fixed-weighted price index
Services:
Current dollars
1972 dollars .
Implicit price deflator
Chain price index. _.
Fixed-weighted price index

8.2

7.3

10 4
56
45
5 4
5.4

19 1
11.4
7 0
7 3
7.3

10 6

97

12 1

11 8

10 4

81
8 2
82

4 8
4 9
4 9

7 3
80
81

5 6
6 0
61

8.3
—.4
8.7

17 2
9 4

31 7
27 0

18 0
10.4

88
9.0

70
7.5

35
3.5

68
7.1

7 8

12 1
91
2 8

8.0

3.1

6 9
35
33

—1.7 — 1.8
10.0
9 3
10.0
9 2
10.0
9.2
9 6
— 1.1
10 8
11.0
11 2
—1 7
-7.8

6.6
6.5

6.5

1.5

7.0

7.1

4.1

3.7

12.7
—1 9
14 9
15.4
15.6

87

8.0

3.1

89
— 5
9 5
10 2
10.4

10 6

11 0
2 6
81
8 2
8.2

10 7
4 5
60
59
6.0

89
18
7 1
7 2
7.3

2.0

8 4

8.5
8.5

9

3.3
7 1

6.4

6.6

4.5

6.9

12 6
9 2
32
4 3
4.2

99
4 5
52
54
5.2

8 2
38
4 2
4 5
4.5

13 1
88
39
36
33

8
4
4
4
4

3
0
i
1
0

9 2

29 8
23 2
5 4
5 3
5.5

10 0
30
6 7
6 6
6.3

7 0

7 3
68

55
38
16
1 4
1.4

6 5
1 7
4 8

10 5
4 6
56
59
5.9

12 5
5 3
6 8
6 7
6.8

5

4.1 — 5
4.1 -1.1
11 4

3.5

7 6

7.7
7.8

Gross private domestic investment:
Curren t dollars
-2.3 -14.6 -17.3 104.8 10.0
1972 dollars
-12.2 -24.3 -9.2 93.0 -4.7
Implicit price deflator
. ...
Chain price index
Fixed-weighted price index... . .. .

13 7
6 2
7 i
6 9
7.0

I

II

III *

Percent at annual rate

Percent

Index numbers, 1972=100

Durable goods

IV

Seasonally adjusted

Seasonally adjusted

Personal consumption expenditures

III

1976

3.6

55
5 4
5 4

3.2
3.6

30
3.0

4.8
4.8

68.9
67.1

17.9
11.5

13.8
8.3

16 7
10 2
5.9
5.8
6.4

16 6
11.4
4.7
5.1
5.3

12 3
8.3
3.7
3.8

13.5
9.6
3.6
4.3

Table 27.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price
Deflator, and Price Indexes—Con.
Nonresidential: Fixed investmentContinued.
Structures:
Current dollars
.
1972 dollars
Implicit price deflator _
Chain price index
Fixed-weighted price index. .
Producer's durable equipment:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index..

10.4 -3.9 -13.7
—7.5 -12.6 -13.5
19.3 10.1 -.2
19 2 10.0 -.3
19.3 10.1 -.1
9 4

2.5
.7
1.8

4.9
5 4
-.5
— 4
-.4

16
1.5

.0 —1 2 — 1 3

1.1 -13.6 -12.0 -5.1

8.5
4.7
3.6
3.7

13.8

8.4
5.0
4.3

8.5
5.2
3.1
3.3

3.8

4.3

3.3

10 0

15.9

11.5

16.3
11.7

7.4

7.2

3.5

5.0

24.3
16.1

15.8
9.3
5.9

1.8
8.1
7.5

9.3
6.1
7.2

8.3
2.9
3.5

4.1
4.9

12.2
12.6
12.1

4.0
5.8
5.8

18 2
15.9

38 4
26.1

34.0
22.3

2.0

37 2
34.5
2.0
2.0
2.0

9.6

9.4

28.3
15.1
11.5
11.2
11.2

Exports:
Current dollars
1972 dollars
Implicit price deflator
Chain price index. _ ...
Fixed-weighted price index

2.5 -12.0
42.2
11.2 -6.7 -11.1
27.9 10.0 -1.1
27.4 11.1 -1.5
27.6 11.0 -1.7

15.8
14.7
.9
1.2
1.0

1.0
15.8
14.8 -1.3
2.3
.8

17.2
7.7
8.8

1.2
1.2

1.4
1.6

8.8
8.6

Imports:
Current dollars
1972 dollars
. -Implicit price deflator
Chain price index
Fixed-weighted price index

45.0 -6.8 -36.1 31.0
1.1 -15.7 -33.4 32.10
43.5 10.5 -4.0
44.2 10.4 -3.3 -1.9
44 1 10.1 -3.3 -1.9

20.0
18.2

45.6
39.9

15.4
12.5

4.1
2.8
2.9

2.5
2.0
1.9

35.4
15.4
17.3
16.5
16.4

12.9

1.0
4.3 -4.9
6.2
8.2
5.8
8.1
5.0
8.2

8.6
2.6
5.8
5.7
5.2

8.6
2.9
5.5
5.5
5.1

19.8 -3.7
7.0 -7.2
3.8
12.0
2.1
11.6
.9
11.6

6.3
2.5
3.7
3.7

10.7

8.2
8.2
8.3

15.8
16.1
15.6

Residential:
Current dollars
— 16 7 —7 1
1972 dollars
-24.6 -14.7
Implicit price deflator . _
10.4
8.9
Chain price index
88
10 5
Fixed-weighted price index. . 10.5
8.8

-

Government purchases of goods and
services:
Current dollars. . .
1972 dollars
Implicit price deflator .
Chair price index
Fixed-weighted price index

12.5
1.5
10.8
10 8
11.2

Federal :
9.2
Current dollars .. ... ..
—1.4
1972 dollars
Implicit price deflator. . _ . _ . . 10.7
10.5
Chain price index
11.3
Fixed-weighted price index
State and local:
Current dollars
1972 dollars
Implicit price deflatorChain price index
Fixed-weighted price index

2.0
2.1

11.8

9.7
3.2
6.3
5.9
5.4

12.5

11.5

7.1
1.8
5.1
4.2

7.6
1.2
6.3
7.8

1.8
9.8
9.7
9.9
.4

11.0
10.5
10.8

5.2
6.9
7.1
6.6

9.8
9.6

1.6
2.2
2.2

9.5
9.5

7.0
7.0

7.0

6.8
6.9

5.7
4.7
4.5

3.1

4.4

9.9

7.4

3.9

7.2

11.9

11.3

15.5

9.1

3.8

9.2

6.4

6.2

6.0

7.8

6.7

5.6

7.7
7.8
-1.7 -1.7

10.1
5.4
4.5
5.5
5.5

19.1
11.3

10.8

3.4
7.1
6.4
6.7

12.2

10.1

8.2

7.0
7.4
7.4

10.3
6.0
4.1
5.3
5.3

20.8
13.1

10.7

12.6
10.1

14.5
3.3
10.9
11.0
11.1

2.6
9.1
9.3

4.0
7.0
7.0

7.7
7.3
6.7

2.8 -3.5
6.1 7.6
6.2
8.0

2.7
7.1
6.9

1.4
5.9
6.0

Addenda:
Gross domestic product:
Current dollars
1972 dollars
Implicit price deflator
Fixed-weighted price index
Business:
Current dollars
1972 dollars
Implicit price deflator
Chain price index _ ..
Fixed-weighted price index

9.6
9.7
9.7

9.5
9.3
9.2

7.6

7.1

-2.2 -2.3
9.6
10.0
9.3
10.1
9.3
10.2

6.8
7.4
7.4

3.7
6.7
5.9
6.2

9.0
3.0
4.3
4.2

2.3
3.9
3.7

4.6
5.3
5.4
5.3

10.5

5.0
5.2
5.4
5.2

3.8
4.2
4.4
4.4
8.0
3.8
4.0
4.3
4.3

See footnote on page 3.
Fixed investment:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Nonresidential:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index. .




1.1 —2 9

— 4
— 13.7 —6 3
12.4
6.2
12.5
6.5
11.7
5.3

9 1

15 0

2.5
3. 2
2.9

6.9
6.5
6.6

18 8
11 6
6.4
6.9
7.1

8
9 7 — 1 4 —5 8
-1.9 -13.3 -12.5 -1.8
7.6
11.9 13.8
2.7
7.8
3.6
12.1 13.9
12.6 13.4
3.4
7.1

7 3
1.4
5.8
5.4

13 3
7.8
5.1
6.0

-9.0
11.1
11.6
11.8

6.5

7.6

5.1

5.9

3.8

4.3

— Table 27: The implicit price deflator for GNP is a weighted average of the detailed
price indexes used in the deflation of GN P. In each period, the weights are based on the composition of constant-dollar output in that period. In other words, the price index for each item
is weighted by the ratio of the quantity of the item valued in 1972 prices to the total output
in 1972 prices. Changes in the implicit price deflator reflect both changes in prices and changes
in the composition of output. The chain price index uses as weights the composition of output
in the prior period, and, therefore, reflects only the change in prices between the two periods.
However, comparisons of percent changes in the chain index also reflect changes in the composition of output. The fixed-weighted price index uses as weights the composition of output in
1972. Accordingly, comparisons over any timespan reflect only changes in prices.

SURVEY OF CURRENT BUSINESS

12

November 1976

Some users of BEA's corporate profits estimates prefer to focus exclusively on an
"economic" definition of corporate profits and its components—i.e., corporate profits
with inventory valuation and capital consumption adjustments. This table presents
historical estimates on such a basis. It will be updated regularly.

Table 1.—Corporate Profits With Inventory
[Billions
Line

1946

1947

1948

1949

1 ?50

195 2

19 51

1953

1954

1955

1956

1957

1958

1 Corporate profits with inventory valuation and capital consumption
adjustments.

16.6

22.2

29.1

26.9

:{3. 7

3!5. 1

35. 4

35 .1>

34.6

44.6

42.9

42.1

37.5

Corporate profits tax liability
Profits after tax with inventory valuation and capital consumption adjustments.
Dividends _
Undistributed profits with inventory valuation and capital
consumption adjustments.

9.1
7.5

11.3
10.9

12.4
16.7

10.2
16.7

1 7.9
1 5.7

TL1. 6
It .5

19 4
16. 0

20 I*
15. $I

17.6
17.0

22 0
22.6

22 0
20.9

21 4
20.6

19 0
18.5

5.6
2.0

6.3
4.6

7.0
9.7

7.2
9.5

8.8
6.9

£5.5
.r .O

8. 5
7. 5

8.1\
6.'I

9.1
7.9

10.3
12.2

11. 1
9.8

11.5
9.1

11 3
7.2

2
3
4
5

194C

Line

1 Corporate profits with inventory valuation and capital consumption
adjustments.
2
3
4
5

Corporate profits tax liability
Profits after tax with inventory valuation and capital consumption adjustments.
Dividends _ _
Undistributed profits with inventory valuation and capital
consumption adjustments.

23.9

27.7

29.5

28.9

30.4

10 9
11.9

10 8
11.8

11.8
12.1

12 1
15.6

12.8
16.7

12.6
16.3

12.2
18.2

6.4
5.5

6.6
5.2

6.5
5.6

7.1
8.5

6.7
10.0

7.1
9.1

7.4
10.8

22.8

8.0
8.3

10.5
7.0

11 8
8.0

11.6
7.9

5.5
2.8

5.7
1.3

6.1
1.9

6. 1
1.9

6.1
6.8
5.1
1.7

1£ 54
III

45.9

43.6

43.3

42.0

42.2

22.2
22.4

23.1
22.8

22.0
21.6

22.4
20.8

21.1
20.9

22.2
20.0

10 5
11.9

10 7
12.2

10.9
10.7

10.9
9.9

11.0
10.0

11.4
8.6

44.7

17.9
17.0

19.3
19.1

21.4
22.2

21.7
23.1

9 1
8.0

9 2
9.8

9 8
12.4

9 9
13.2

8 7
7.7

IV

1. 62

III

IV

19(54

1963

I

II

1 Corporate profits with inventory valuation and capital consumption
adjustments.

53.9

53.9

54.7

Corporate profits tax liability ___ __ _
Profits after tax with inventory valuation and capital consumption adjustments.
Dividends
Undistributed profits with inventory valuation and capital
consumption adjustments.

23.8
30.1

23.6
30.3

14.0
16.1

14.4
15.9

I

II

III

IV

62.0

66.2

66.9

68.3

66.5

26.8
33.9

27.5
34.5

27.7
38.5

27.8
39.1

28.5
39.8

27.9
38.6

15.6
18.3

16.0
18.5

16.6
21.9

17.2
22.0

17.5
22.3

18.0
20.6

I

II

56.9

56.6

59.1

60.8

24.3
30.4

24.2
32.7

24.4
32.2

26.2
32.9

14.6
15.9

14.7
18.0

15 1
17.1

15.4
17.5

III

IV

III

IV

19"

19 71

K 70
IV

I

II

III

IV

79.9

86.8

89.9

92.6

99.0

37.7
39.8

37.8
42.1

39.3
47.5

40.0
49.9

41.4
51.2

45.4
53.5

23.1
16.7

22 7
19.4

23.8
23.7

24.3
25.7

24.9
26.3

25.4
28.1

III

I

II

64.4

73.9

77.5

77.5

35.4
34.0

33.3
31.1

37.1
36.7

38.1
39.4

22.9
11.1

22.7
8.4

23.2
13.5

23.0
16.4

I

II

1 Corporate profits with inventory valuation and capital consumption
adjustments.

68.9

68.9

69.4

2
3

34.6
34.2

34.6
34.3

23.0
11.3

23.0
11.3




IV

44.8

9.3
6.2

p Preliminary.

III

43.6

16.9
16.4

Corporate profits tax liability. _
Profits after tax with inventory valuation and capital consumption adjustments.
Dividends _ . _
__
Undistributed profits with inventory valuation and capital
consumption adjustments.

II

38.3

16.4
15.5

Line

I

II

2
3

Line

195€

I

34.9

Corporate profits tax liability
Profits after tax with inventory valuation and capital consumption adjustments.
Dividends
Undistributed profits with inventory valuation and capital
consumption adjustments.

Ill

19 55

33.3

5

22.6

19.5

31.9

4

IV

19.8

16.3

1 Corporate profits with inventory valuation and capital consumption
adjustments.

4
5

III

17.4

12.9

II

2

II

II

III

I

3

I

I

II

Line

4
5

IV

IV

I

194$

19 47

III

IV

SURVEY OF CURRENT BUSINESS

November 1976

13

Valuation and Capital Consumption Adjustments
of dollars]
1959

1960

1961

1962

1963

1964

1966

1965

1967

1968

1969

1970

48. 2

46. 6

46.9

54.9

59.6

67.0

77.1

82.5

79.3

85.8

81.4

23. 6
24. 6

22. 7
23. 9

22.8
24.1

24.0
30.9

26.2
33.4

28.0
39.0

30.9
46.2

33.7
48.9

32.5
46.8

39. 4
46. 4

39. 7
41. 8

13.3
10.8

14.4
16.5

15.5
17.9

17.3
21.7

19.1
27.1

19.4
29.4

20.1
26.7

21. 9
24. 4

22. 6
19. 2

12. 2
12.4

12. 9
11.0

1949

1950

I

II

III

IV

I

II

28.9

26.7

27.9

24.5

28.0

31.6

11.1
17.9

9.7
16.9

10.1
17.7

9.9
14.5

13.6
14.4

7.2
10.6

7.2
9.7

7.1
10.7

7.4
7.2

8.3
6.1

43.9

43.0

42.4

22.8
21.1

21.8
21.1

11.5
9.6

11.7
9.4

III

IV

II

73.9

75.9

29.4
44.5
18.2
26.3

101. 1

91.6

1

34. 5
33. 4

37.7
39.5

41.5
50.5

48.7
50.4

52.4
32.4

49.2
42.4

2
3

22. 9
10. 5

23.0
16.5

24.6
25.9

27.8
22.6

30.8
1.7

32.1
10.3

4
5

1953

1952

Line
III

IV

I

II

III

IV

36.0

39.0

38.0

37.8

38.0

38.8

36.5

34.2

33.^

37.6

38.4

37.7

36.5

29.4

1

16.3
15.3

19.9
16.1

21.8
17.2

26.3
11.7

22.3
15.5

20.2
17.8

21.6
17.2

19.9
16.6

18.7
15.5

18.7
15.0

20.6
17.0

21.6
16.8

21.7
15.9

21.2
15.2

16.6
12.9

2
3

8.3
6.9

9.1
7.0

9.5
7.7

8.3
3.4

8.5
7.1

8.4
9.4

8.5
8.7

8.0
8.7

8.5
7.0

8.5
6.5

8.7
8.3

8.4
8.4

9.1
6.8

9.0
6.2

8.8
4.0

4
5

1959

34.1

38.3

21. 4
21. 0

19.5
19.2

16.8
16.2

17.2
16.9

11. 8
9. 9

11.5
7.7

11.4
4.8

11.4
5.5

1961

1960

Line
III

IV

I

II

III

IV

I

II

III

IV

I

43.9

47.4

52.3

46.8

46.5

51.0

46.9

45.6

42.9

42.1

45.9

47.7

51.9

1

19.4
18.9

22.2
21.7

23.4
24.0

25.8
26.5

23.0
23.8

22.4
24.1

25.4
25.5

23.0
23.9

21.8
23.8

20.6
22.3

20.2
21.9

21.9
24.0

23.4
24.3

25.6
26.3

2
3

11.3
7.6

11.0
10.7

11.7
12.2

12.1
14.4

12.4
11.5

12.5
11.6

12.7
12.8

12.8
11.1

13.1
10.7

13.0
9.3

13.0
8.9

13.1
10.9

13.4
10.9

13.9
12.4

4
5

III

IV

1966

I

II

77. 9

80.7

83.1

83.4

81.6

30.3
45.5

30. 9
47. 0

32.9
47.8

34.1
49.0

34.1
49.3

18.9
26.7

19. 4
27. 6

20.0
27.9

20.1
29.0

19.6
29.7

III

IV

I

II

III

82.0

78.8

78.0

78.7

33.6
48.0

32,9
49.2

32.1
46.7

31.8
46.2

32. 0
46. 7

19.3
28.7

18.8
30.4

19.7
27.0

20.3
25.9

20. 7
26. 0

II

1969

II

III

IV

I

II

III

IV

82.7

87.1

86.9

86.4

88.0

84.2

81.0

74.6

1

34. 0
47. 5

38.7
44.0

39.3
47.8

39.3
47.6

40.3
46.1

41.4
44.6

40.6
43.7

38.5
42.5

38.2
36.4

2
3

19. 8
27. 8

21.1
22.9

21.7
26.0

22.4
25.2

22.5
23.6

22.2
22.4

22.4
21.2

22.7
19.8

23.0
13.4

4
5

81.6

1976

1975
III

98. 1

97.8

99. 3

95. 7

87.8

81.7

48. 9
52. 2

49. 8
48. 4

47.5
50.2

48. 6
50. 7

50. 5
45. 2

53.0
34.8

57. 6
24. 1

26. 5
25. 7

27. 3
21. 1

28.1
22.2

29. 3
21. 3

29. 9
15. 3

30.7
4.1

31.3
-7.2

IV

74.1
48. 6
25. 5

31.1
-5.6

Line

I

IV

1974

I

II

1968

1967

IV




84.8

II

33.0

IV

99.1

I

38.8

III

92.1

IV

II

II

Line

III

1973

I

1975

II

III

I

Ill

1974

I

1965

I

1973

77.2

67.9

1951

1958

II

1972

IV

1957

I

1971

I

II

III

IV

I

II

Line

m,

69. 0

86. 6

105.3

105.6

115.1

116.4

122.0

1

40. 2
28. 8

44. 8
41. 8

54.8
50.4

57.2
48.4

61.4
53.7

63.5
52.9

65.4
56.6

2
3

31.7
-2.9

31.9
9.9

32.6
17.9

32.2
16.2

33.1
20.6

34.4
18.5

35.4
21.2

4
5

BY CHRISTOPHER L. BACH

U.S. Government
Foreign Grants and Credits, 1965-75
AHIS article surveys changes in the
amount and geographic distribution of
U.S. Government foreign grants and
credits in 1965-75. These grants and
credits are often referred to as U.S.
Government foreign assistance. Such
assistance can be defined as the sum of
U.S. Government gross grants, gross
credits, and net accumulation of foreign
currency claims from agricultural sales
programs, as recorded in the U.S.
international transactions statistics. An
alternative definition differs primarily
because it is net of principal repayments
on loans and other credits, and of
reverse grants.1 The gross definition is
used in this article because it provides
the best measure of new assistance
extended to foreigners in each calendar
year. Measures based on both definitions are shown in chart 1. As can be
seen from the chart, repayments and
reverse grants increased over the past
decade, and, in some years—for inNote:—Data were compiled under the direction of E. S. Kerber. Virginia Davis was
importantly involved in the development of
the data; she was assisted by Truetella Fuller,
Ruth A. Harris, and Gregory M. G. Thomas.
1. Grants are recorded in either line 28 or 30 of table 1 of the
international transactions statistics, loans and other credits
in line 40, and the net accumulation of foreign currency
claims in line 42; repayments of principal are recorded in
line 41, and reverse grants in either line 28 or 30. (SURVEY OF
CURRENT BUSINESS, June 1976, p. 32.) The following items
are excluded from both definitions of foreign assistance:
U.S. Government claims on foreigners other than from direct
credits, capital flows reflecting U.S. Government direct
investment in productive facilities, and equity holdings of
"public enterprise" accounts of U.S. Government agencies
(part of line 40); and changes in U.S. Government bank
deposits abroad, accounts receivable of U.S. Government
agencies, foreign currencies held by U.S. disbursing officers,
and transactions of the Exchange Stabilization Fund (part
of line 42).

14




stance in 1974 and 1975—the gross and
net measures moved in opposite
directions.
There are five main pieces of legislation that currently authorize foreign
assistance programs: the Foreign Assistance Act, the Foreign Military Sales
Act, the Agricultural Trade Development and Assistance Act, the Commodity Credit Corporation Charter
Act, and the Export-Import Bank Act.
The following summary of major developments in U.S. Government grants
and credits since 1965 and the detailed
discussion thereafter uses a fourfold
classification: military grants and credits
(the Foreign Assistance and Foreign
Military Sales Acts), development assistance (the Foreign Assistance Act),
agricultural export financing (the Agricultural Trade Development and Assistance, and Commodity Credit Corporation Charter Acts), and ExportImport Bank credits (the ExportImport Bank Act). 2

1972. These commitments diminished
in succeeding years, but a renewal of
hostilities in the Near East led to increased U.S. foreign assistance.
Military grants and credits

Military grants of goods and services
authorized under the Foreign Assistance
Act and related acts increased from $1.6
CHART 1

U.S. Government Foreign Grants
and Credits
Billion $
14

12

Gross Assistance-17

10

Major Developments
Foreign assistance amounted to $11.1
billion in 1975, compared with $5.9
billion in 1965 (table 1, line I). 3 Much
of this increase resulted from the escalation of military and economic commitments in Southeast Asia through
2. Additional information and data on U.S. Government
foreign grants and credits appear in the National Advisory
Council on International Monetary and Financial Policies,
Annual Report, July 1, 1974-June 30, 1975, U.S. Congress,
House Document 94-348.
3. Amounts in this article consist of transactions in U.S.
dollars and the dollar equivalent of transactions in foreign
currencies, commodities, and services.

Net Assistance2/

I

I

J

I

J_

I

I

I

I

J_

67
69
71
73
75
1. Gross assistance is defined as the sum of gross grants, gross credits, and
1965

net accumulation of foreign currency claims.
2. Net assistance is defined as gross assistance less principal repayments
and reverse grants.
U.S. Department of Commerce, Bureau of Economic Analysis

76-11-1

SUEVEY OF CUERENT BUSINESS

November 1976

15

Table 1.—U.S. Government Foreign Grants and Credits
[Millions of dollars]
Line

1

Total (gross grants plus gross credits plus net accumulation of foreign currency
claims)

2
3
4

Foreign Assistance Act (and related acts) :
Military grant deliveries
Other grants
Credits

5
6

Foreign Military Sales Act (and related acts):
Grants financing military purchases
Credits financing military purchases.
... _

7
8
9

Agricultural Trade Development and Assistance Act:
Grants
.-.
.._
._
Credits
Foreign currency claims acquired, net .

....

10

Commodity Credit Corporation Charter Act:
Credits ....

11

Export-Import Bank Act:
Credits
_.

12

Subscriptions and contributions to international financial institutions

13

Other assistance

General notes for all tables:
Signs used throughout these tables are reversed from those in the balance of payments
statistics. Positive entries indicate an increase in U.S. Government foreign grants, credits,
and net accumulation of foreign currency claims (capital outflow); neg ative entries indicate
a decrease (capital inflow).

1965

1966

1967

1968

1969

1970

1971

5,894

6 518

7 211

7,800

7 548

7,576

9,525

10 377

9 453

12 059

11 105

1 644

1 897
1,071
1 184

2 044
1,064
1 223

2 551

2 614

2 716
1,016

3 548
1,230

1 824
1 562

655

636

2 235
1 554

1 003

936

2 819
1 335

1 121

912

4 494
1,388

1 176

13

32

4

51

150

142

486

372

478

937
550

647
823

680
730
-27

694
480
194

597
882

567
827

485
806

566
646

756
701

— 179

—201

— 101

-246

—213

525
587
—49

2,753

—278

—247

448
952
29

52

67

76

176

339

459

799

147

318

1,260

1,517

1,259

1,091

1,426

1,298

1,680

2,577

2,490

194

127

184

234

246

271

373

537

654

169

167

186

154

219

266

251

224

246

993

533

908
-101

153

158

984

1973

586

651
715

1974

1975

710

560

*Less than $500,000 (±).
Source: U.S. Department of Commerce, Bureau of Economic Analysis, from information
made available by operating agencies.

billion in 1965 to $4.5 billion in 1972, sharply from $367 million in 1974 to
and averaged $2.3 billion thereafter $125 million in 1975. In the same year,
(line 2). Most of these grants were grants to Israel increased from $51
funded by a program created specifically million to $388 million.
to furnish military equipment to SouthCredits to developing countries aueast Asia. Military grants to other geo- thorized under the Foreign Assistance
graphic regions declined significantly Act and related acts declined from $1.2
over the decade.
billion in 1965 to $0.7 billion in 1975
Additional grants under a military (line 4). In the preceding decade, these
authorization—$937 million in 1974 credits had played a more prominent
and $647 million in 1975—were made to role in U.S. development assistance.
Israel (line 5). In contrast to the transU.S. subscriptions and contributions
fer of goods and services mentioned to international financial institutions for
above, these grants were congressionally multilateral lending to foreign nations
appropriated expenditures to release increased sharply over the decade—to
Israel from contractual liabilities in- $654 million in 1975—but remained
curred for purchases under the Foreign smaller than most U.S. Government
Military Sales Act.
bilateral grant and credit programs to
Credits financing military purchases developing countries (line 12).
primarily to Israel and other Near
East countries became a prominent Agricultural export financing
part of U.S. military assistance proGrant and credit programs authorized
grams in the the second half of the under the Agricultural Trade Developdecade (line 6).
ment and Assistance Act increased moderately in 1965-75 (lines 7 and 8). An
Development assistance
increase in dollar credits more than offGrants other than military authorized set a modest decline in grants of foreign
under the Foreign Assistance Act and currencies, and in grants for famine,
related acts averaged about $1.0 billion relief, and development. Credits to
per year from 1965 to 1970, and then Bangladesh, India, Pakistan, Chile, and
increased gradually to $1.6 billion (line Korea increased sharply in 1975. The
3). Slightly more than one-quarter of sharp increase in grants in 1974 reflected
these grants went to Vietnam over the a grant to India of rupees that was part
decade. Grants to that country dropped of the India Settlement Agreement,




987

1972

under which India prepaid credits to
the United States.
Credits authorized under the Commodity Credit Corporation Charter Act
fluctuated widely in the second half of
1965-75, reflecting, in large part, variations in shipments to Eastern Europe
(line 10).

Military Grant Assistance
Billion $
5

Military Assistance,
Service Funded

Military Assistance Program

I
1965

i
I
67

I

I

69

i

I

I

71

U.S. Department of Commerce, Bureau of Economic Analysis

I

73

I

75
76-11-2

16

SUEVEY OF CUERENT BUSINESS

Export-Import Bank credits

Credits extended under the ExportImport Bank Act increased from $0.5
billion in 1965 to $2.5 billion in 1975
(line 11). Significant increases occurred
in 1965-68, when foreign purchases of
military and civilian aircraft were
large, and in 1973-75, when ExportImport Bank lending accompanied a
sharp rise in international commercial
bank lending and the initiation of
Export-Import Bank lending to Eastern Europe.
Military Grants and Credits
Military assistance rose from $1.6
billion in 1965 to $4.9 billion in 1972,
and averaged $3.4 billion thereafter
(tables 2 and 3). The three major
components of this total—military
grants, grants financing military pur-

November 1976

chases, and credits financing military
purchases—are discussed below.

excluding Greece and Turkey—averaged a little more than 10 percent of all
deliveries
in 1965-68; subsequently
Military grants
their share dropped sharply. Grants to
Deliveries of goods and services the Near East—including Greece and
under military grant programs in- Turkey—accounted for 20 percent of
creased sharply with the escalation of the total in 1965, and over 33 percent
U.S. commitments in Vietnam—from in 1967-71. Their share then declined—
$1.6 billion in 1965 to $4.5 billion in especially in 1974 and 1975, when grants
1972—and averaged $2.3 billion there- to Greece and Turkey were replaced by
after. This pattern reflected divergent military credits. Grants to the Far
trends of the two military grant pro- East (included in "Other Asia and
Africa" in table 2) accounted for 62
grams (chart 2 and table 2).
percent of the total in 1965, 42 percent
Deliveries under the military assist- in 1968, and then increased steadily to
ance program (MAP), the primary nearly 80 percent by 1975. Grants to
grant program until the Vietnam con- Korea and to Cambodia were the
flict, declined from $1.6 billion in 1965 dominant factors in 1965-70 and in
to $0.6 billion in 1970; thereafter MAP 1970-75, respectively.
deliveries registered a net increase to $0.8
The second military grant assistance
billion. Grants to Western Europe— program—military assistance, service

Table 2.—Foreign Assistance Act: Military Grant Deliveries
[Millions of dollars]
1965

Military grant deliveries, total (tab'e 1, line 2)
Military assistance program (MAP)
Western Europe, excluding Greece and Turkey
Near East, including Greece and Turkey. _ .
Latin America and other Western Hemisphere . . . _
Other Asia and Africa

. .

..

Military assistance, service funded (M ASF)
Korea
Laos
Philippines
Thailand
Vietnam.

1966

1967

1968

1969

1970

1971

1972

1973

1974

1975

1,644

1,897

2,044

2,551

2,614

2,716

3,548

4,494

2,819

1,824

2,235

1,636

1,007

909

808

760

616

789

770

838

975

839

210
333
59
1,034

101
255
72
579

88
345
64
412

80
283
64
381

32
266
36
426

32
200
25
359

19
282
25
463

32
216
26
496

32
250
26
530

21
171
25
758

12
68
26
733

8

890

1,135

1,743

1,854

2,100

2,759

3,724

1,981

849

1,396

78

111
31
4
36
953

196
108
1
140
1,298

255
89
2
112
1,395

166
137
(*)
94
1,703

331
187

265
326

65
261

(*)
105

2
7

75
2,165

53
3,081

21
1,635

4
740

11
1,377

1970

1971

1972

1973

2
8

810

See general notes on table 1.

Table 3.—Foreign Military Sales Act: Grants and Credits
[Millions of dollars]
1965

Credits financing military purchases, total (table 1, line 6)

1966

1967

1968

1969

1974

1975

13

32

4

51

150

142

486

372

478

550

82

1
13
12

1
5

2
8
10

9
15
5

7
7
2

8
5
2

6
1
1

5
3
3

8
18
1

10
51
9

1
6

1

5

38
16

92
92

13
4

Selected countries:
Argentina
Brazil
Venezuela
Greece
Turkey
Iran
Israel
Jordan
Saudi Arabia
China-Taiwan
Korea
Grants financing military purchases, total (table 1, line 5)
Israel
See general notes on table 1.
1. Includes credits extended to Israel under special legislation and grants to release Israel




17
5

31
21
15
59
(*)

21
6
2
11
(*)

8

68
30
(*)
21

109
99
3
27

72
56
10
7

98
347
2
6

8
252
27
11

14
151
1
2

1
180
5
1

5

7

42

38
2

29
13

21
24

26
16

6
2

937

64

937

64

40
(*)

from contractual obligations incurred in the purchase of military goods and services under
the Foreign Military Sales Act and emergency legislation.

SURVEY OF CURRENT BUSINESS

November 1976

17

funded (MASF)—was designed to pro- hardware primarily to countries with
Development Assistance
vide military hardware to Korea, Laos, relatively low per capita incomes, the
Assistance provided primarily for ecoPhilippines, Thailand, and Vietnam. military credit sales program was diMASF deliveries were initiated in 1965, rected toward countries with mod- nomic development under the Foreign
and increased to $3.6 billion in 1972, erately high per capita incomes (table Assistance Act (FAA) is shown in
and declined sharply thereafter. In 3). Credits under the Foreign Military tables 4 and 5. Such assistance was
1974 they amounted to only $0.8 bil- Sales Act (FMS) and related acts in- about $2 billion in each year of the
lion, and to only $1.4 billion in 1975. creased from $13 million in 1965 to decade. In the first half of the decade,
Vietnam received well over two-thirds $51 million in 1968, and then, more grants and credits shared about equally
in the total; thereafter the share of
of the grants each year. Korea received rapidly, to $823 million in 1975.
the major share of the remaining grants
Credits to Israel increased sharply grants rose to almost 70 percent.
in the first half of the decade; in the in 1968 and 1969, reaching $99 million
Grants
last half, grants to Laos exceeded those in the latter year. A marked increase
to Korea. Grants to Thailand were to $347 million in 1971 reflected re- Grants increased gradually over the
newed hostilities with Egypt. Credits decade—from $1.0 billion to $1.6 billion
strong in 1968-70.
diminished to $151 million in 1973, (table 4). Southeast Asia was the major
Grants financing military purchases
increased to $180 million in 1974—an recipient. Vietnam, the country that
Grants to Israel in 1974 and 1975 aftermath of the Yom Kippur war of received the largest amount, received
(table 3) put total foreign assistance the preceding year—and then rose to slightly over one-quarter of the allabove its previous peak reached in 1972 $406 million. Over the decade, Israel country total. Development grants to
during the Vietnam conflict. These received nearly 50 percent of all credits Vietnam continued until the cessation
grants differ from those discussed in under FMS and related programs.
of hostilities in the spring of 1975,
As noted earlier, the reduction in when they dropped sharply—from $367
the preceding section. The latter reflect
both the delivery and the financing of military grants to Greece and Turkey million in 1974 to $125 million in the
military goods and services. The former was accompained by a substitution of first half of 1975 and to near zero
reflect the financing of the release of military credits; the increase in credits in the second. (As already noted, miliIsrael from contractual liabilities in- was particularly sharp in 1973-75. tary grants had begun to decline in
1972.) Grants to Laos were steady
curred in the purchase of military goods Iran received large credits to purchase
military equipment through 1971; in throughout the decade. Grants to
and services under the Foreign Military
subsequent years, it borrowed from the Thailand rose through 1971, and deSales Act. These grants—in conjunction Export-Import Bank, from commercial clined thereafter. Korea received large
with loans—are attributed to deliveries sources, and used its own resources to amounts in 1965-69, and smaller
that began in 1973 and that will con- sustain large purchases. China-Taiwan amounts thereafter as it became more
tinue for serveral years.
received significant military credits self-sufficient. An increase in developafter 1969. Military credits in Latin ment grants to Israel from $51 million
Credits financing military purchases
America went primarily to Argentina, in 1974 to $388 million in 1975 offset
In contrast to the military grant Brazil, and Venezuela. Credits to Brazil much of the decline in grants to Vietprograms, which provided military increased sharply in 1973-75.
nam in 1975.

Table 4.—Foreign Assistance Act: Other Grants
[Millions of dollars]
1965

Total (table 1, line 3)

1966

993

1 071

1969

1968

1967
1 064

984

987

1972

1971

1970
1 016

1 230

1,388

1975

1974

1973
1,335

1,562

1,554

Selected countries:
Turkey

7

5

6

4

4

4

3

11

12

1

1

Brazil

18

19

17

12

12

12

12

10

9

5

4

37

18

1
10

5

1
2

3
36

30
66

74
46

51
41

388
65

16
42

12
33

10
38

11
24

12
9

25
28

8
15

5
11

2
16

3
16

5
86
5

2
63

H
30
1
47
5

2
52
6

3
30
6

4
21
7

5
15
9

7
5
13

7
3
23

9
2
22

7
1
22

51
35
343

52
34
309

20
55
27
369

58
46
21
419

76
50
18
316

104
34
11
367

40
14
11
125

c*\

Israel .
Jordan

36

India
Pakistan _ __ _
Indonesia
Korea .
Philippines
Cambodia
Loas. _ _ ._
Thailand
Vietnam

___
__

See general notes on table.




2
58
18
228

(*)

/*\

9

(*}

55
20
399

(*)

57
33
379

(*)

43
42
319

(*}
()

(*)

18

SUEVEY OF CUEKENT BUSINESS

Credits

November 1976

the decade and had virtually ceased by
1971, but loan extensions were resumed
in 1974, following a major Chilean debt
reorganization.
There were diverse movements in
loans to other countries. Loans to
Turkey and Korea declined as the
United States reduced its assistance
efforts in these countries with relatively
high per capita incomes. Loans to
Indonesia increased from $2 million to
$91 million in 1965-73, and declined to
$59 million thereafter.

Credits declined from $1.2 billion to
$0.7 billion over the decade (table 5).
Country program loans were a major
component of these credits. In 1955-65,
India and Pakistan had received by far
the largest amounts of country program
loans. In 1965-75, loans to them declined substantially—loans to India declined from $338 million to $60 million,
and to Pakistan from $150 million to
$45 million—and their share in the
total was much lower.
The share of loans going to Latin
America increased from about 25 to 35
percent of the total over the 1965-75
decade. Brazil, Colombia, and Chile
received the largest amounts. Loans
to Brazil were especially large in 196668. Loans to Colombia doubled from
1965 to 1970, and subsequently returned
to their 1975 level. Loans to Chile
declined steadily in the early years of

Multilateral assistance

U.S. Government subscriptions and
contributions to international financial
institutions for multilateral lending increased sharply over the decade to
$0.7 billion in 1975 (table 6). The largest
subscriptions and contributions were to
the Inter-American Development Bank
and to the International Development

Association. It is not possible to identify
the distribution of U.S. subscriptions
and contributions by recipient country;
however, total borrowing of developing
countries from the international financial institutions increased from $0.8
billion in 1965 to $3.6 billion in 1974.
The figures in table 6 do not reflect
the total U.S. financial commitment
to international financial institutions,
because additional subscriptions of callable capital are available to the institutions under various conditions. Also
funds of U.S. private residents are
channeled to these institutions through
purchases of their securities floated in
the U.S. capital market.
Agricultural Export Financing
Financing of food and other agricultural exports authorized under the

Table 5.—Foreign Assistance Act: Credits
[Millions of dollars]
1966

1967

1968

1 176

1,184

1 223

1 121 1 003

936

1,105

1,114

1,155

1,048

903

887

1965

Total (table 1, line 4)
Country program loans

1969

1970

1972

1973

1974

912

586

655

636

710

886

554

614

583

620

1971

1975

Selected countries:
..

122

112

98

81

63

67

85

51

18

19

25

Argentina ..
Bolivia
_
Brazil
Chile
Colombia
Dominican Republic
Guatemala
Nicaragua
Peru
...
...

Turkey

15
6
94
52
41
5
2
3
15

7
4
209
63
58
14
1
6
14

7
14
104
55
59
44
2
5
9

12
21
148
35
79
19
2
7
8

4
17
77
39
75
13
2
10
4

(*)
12
79
29
84
15
3
16
3

1
12
60
5
57
5
4
9
2

2
31
34
1
47
6
8
3
1

2
5
36
(*)
82
7
11
10
9

6
12
67
34
41
6
13
15
6

8
50
17
22
7
17
9

Ghana
Morocco.
Nigeria .
Tunisia
Zaire

17
24
3
22
5

30
16
5
24
17

13
4
9
20
11

8
2
4
15
7

17
10
5
16
6

13
10
7
13
9

8
8
23
12
9

15
4
15
9
6

10
11
3
5
5

2
7
2
5
7

3
5
2
5
4

338
150

229
103

327
146

292
129

220
160

239
114

233
97

71
71

66
86

62
47

60
45

2
3
3

1
50
3

8
75
1

28
38
2

24
32
4

41
39
3

59
55
6

45
37
4

91
28
19

58
27
9

59
12
27

. .

India
Pakistan
Indonesia
Korea
Philippines
See general notes on table 1.

Table 6.—Subscriptions and Contributions to International Financial Institutions
[Millions of dollars]
1965

Total (table 1, line 12) ..
Asian Development Bank
Inter- American Development Bank

1966

1968

1967

-101
10

—111

194
10
65

127
10
64

184
10
126

1972

1971

1970

1969

234

246

17

10
165

175

International Bank for Reconstruction and Development
International Development Association
See general notes on table 1.




119

53

48

58

271

71

1975

1974

1973

654

373

537

12

2

30

192

268

344

357

180

197

1

12

73

152

November 1976

SUEVEY OF CUEEENT BUSINESS

Agricultural Trade Development and
Assistance Act increased slightly in
1965-75 (tables 7 and 8). These grants
and credits—the latter at concessionary
terms—generally financed famine and
relief assistance and agricultural development in the developing countries.
The increase in agricultural exports
under this Act was far less than the
increase in commercial agricultural exports. Noncommercial exports were
22 percent of total agricultural exports
in 1965 and 6 percent in 1975. The
decline was particularly sharp in 1972-74,
when a general shortfall in world
agricultural output relative to demand
sharply increased foreign demand for
U.S. commercial agricultural products.

Additional agricultural financing under
the Commodity Credit Corporation
Charter Act was generally directed
toward higher income per capita
nations.
Grants

Grants of agricultural products (and
related transportation payments) for
famine and extraordinary relief, and
for distribution through voluntary relief agencies, were steady (table 7).
Agricultural foodstuffs provided to
India increased fourfold over the decade
and accounted for one-third of agricultural grants m 1975. In 1965, a
large share of these grants of foodstuffs
went to Brazil and Korea; they were

19
virtually eliminated by 1975. Grants
to Vietnam—significant only in 196670—were substantially
augmented
throughout the decade by other forms
of assistance, especially dollar credits
and sales of U.S. agricultural products
for foreign currency.
Dollar credits
Agricultural sales financed by credits
repayable in dollars increased from
$0.2 billion in 1965 to $0.5 billion in
1969, remained in a $0.5-$0.6 billion
range until 1974, and then spurted to
$0.9 billion in 1975 (table 8). India and
Pakistan received large credits during
1967-71 and 1970-75, respectively.
Large credits to Indonesia in 1966-73

Table 7.—Agricultural Trade Development and Assistance Act: Grants
[Millions of dollars]

1965
Total (table 1, line 7)

1966

1968

1967

1970

1969

1972

1971

1973

1974

1975

680

694

597

567

485

566

651

756

525

2,753

448

Grants of foreign currencies

333

388

222

227

155

186

*251

273

197

2,316

20

Grants for famine, extraordinary relief, economic development, transportation, and other commodity donations..

347

306

375

341

329

380

400

483

327

437

428

22
11
8
4

24
6
3
6

36
6
9
8

21
11
11
5

14
6
12
4

27
9
15
8

23
8
19
7

12
3
12
5

10
3
7
4

7
4
11
5

6
10
12
8

Selected countries:
Brazil.. .
Chile
Colombia
Peru..
.

...

26
26

47
4

83
7

61
2

63
1

64
11

127
14

92
4

74
13

95
3

164
6

Indonesia..
Korea...
Philippines.. .
Vietnam

. . ..

2
36
9
10

3
29
4
21

3
31
9
25

3
48
7
23

15
38
7
24

14
24
7
19

8
19
5
4

12
17
15
9

7
8
12
6

17
10
13
4

9
1
16
3

India.. .
Pakistan

See general notes on table 1.

Table 8.—Agricultural Trade Development and Assistance Act: Credits
[Millions of dollars]

1965

1966

1968

1967

1969

1972

1971

1970

1975

1974

1973

952

730

480

882

827

806

646

715

701

587

560

Foreign currency loans

574

233

681

465

313

149

132

54

15

13

3

Dollar credits

156

246

201

361

492

497

583

647

572

547

949

92

101

14

27

29

28

23

7
2
10

1

4

22
12
2

18

2

37
12
9

5

5

8

Israel

8

11

34

32

47

50

45

48

1

Morocco.
Tunisia

8

6
7

18
7

2
10

4
12

25
14

16
16

5
2

1
8

48
19

122
7

92
54

117
44

75

15
6
47

41

40
20

26

281
109
111

89

112
81
6

131
47
10

115
71
14

11
102
176
24
64

55
63
81
16
148

186
9
5
4
196

34
28
101
1
15

Total (table 1, line 8)

Selected countries:
Yugoslavia
Brazil.... .__
Chile
Colombia .

1

Bangladesh __
India
Pakistan
Cambodia
Indonesia
Korea
Philippines
Vietnam

_ _

_ _

_.

22

31
3

.

See general notes on table 1.




_

_ _

(*)

10

(*)

(*)

14

(*)

(*)

98

(*)
20

November 1976

SUEVEY OF CURRENT BUSINESS

20

outstanding foreign currency loans
would, however, remain a source of
foreign currency receipts. In addition,
some loan agreements permitted the
United States to collect in foreign
currencies on dollar-repayable loans.
For instance, such collections were
utilized in 1972-74 in order to provide
major budget support (in the form of
foreign currency grants) to the governments of Vietnam and Cambodia.
These "common defense" grants were
terminated by Congress as of July 1,
1974.
Foreign currency grants averaged
about $225 million annually in 1965-75
(table 7). Foreign currency loans declined from $574 million to $3 million
in the same period (table 8).6 The U.S.
Government drew down its net foreign
currency claim accumulations during
1965-75, particularly in India and
Vietnam.

coincided with the substantial credits it
received under the FAA in the same
period. Credits to Vietnam and Cambodia increased sharply from 1972 to
1975. A $330 million reduction in
credits to Vietnam and Cambodia in
1975 was more than offset by a $660
million increase in credits to India,
Pakistan, Bangladesh, Korea, and
Chile.
Foreign currency grants, loans, and
net accumulation of claims

In addition to deliveries of agricultural commodities on a grant basis and
sales on a dollar-credit basis, the
agricultural assistance program has involved sales for foreign currencies on a
cash basis. The foreign currencies
received may then be utilized by the
United States to provide additional
grants or credits in foreign currencies,
or may be held on deposit for future
U.S. use. Those foreign currencies that
remain on deposit until expended by
the U.S. Government represent outstanding U.S. claims on foreigners and
are equivalent to assistance, since the
foreign country has received commodities without depleting its dollar
balances.
Legislation in 1971 had the effect of
limiting assistance extended through
foreign currency grants, loans, and the
net accumulation of foreign currency
claims. As of 1973, there were to be no
further sales of agricultural commodities
for foreign currencies; collections on

Commodity
credits

Credit

Corporation

Additional agricultural export financing facilities in the form of 1- to
3-year loans were provided by the U.S.
Government under the Commodity
Credit Corporation Charter Act (table
9). Commodity Credit Corporation
(CCC) credits increased from $.05
billion in 1967 to $0.8 billion in 1973,
before declining to $0.3 billion in 1975
6. Under the February 1974 India Settlement Agreement,
all credits repayable in rupees were prepaid. From these
collections of principal and interest and from accumulated
balances held by the U.S. Government, a grant of 16.64
billion rupees (equivalent to $2.0 billion) was made to India.

Table 9.—-Commodity Credit Corporation Charter Act: Long-term Credits 1
[Millions of dollars]
1967

Total (table 1, line 10)

52

1968

1970

1969

67

76

1972

1971

176

339

459

1973

1975

1974

799

17

318

Selected countries:
Yugoslavia .

18

5

7

4

45

75

7

Poland-..
Romania
Soviet Union

11

19

10

20
27

34
28

31
8
118

57
15
412

2
16
20

21
27

6

49

51

15

27

19
26

3
30

6

23

41
46

83
38

20
4

161
29

...

Peru
Egypt..
Iran
Korea
Philippines

5
(*)

(*)

3

4

85
19

31
1

28
37

47
31

See general notes on table 1.
1. Long-term credits under the General Sales Manager Program-4 began in 1967. Transactions under its predecessors, prorams 1 through 3, were not generally considered to generate claims by the Commodity Credit Corporation on foreigners,
lence. there are no entries s for 1965 and 1966.




(table 9). The increase was accounted
for primarily by the financing of grain
shipments to the Soviet Union in 1972
and 1973. In 1974 there were few new
credit extended, and total CCC lending
dropped below the 1970 level. The
rebound in 1975 was attributable almost
entirely to financing for Korea.
Export-Import Bank Credits
Export-Import Bank (EIB) credits
facilitate the financing of U.S. exports
of consumer and capital goods (table
10). Much of this financing is done in
cooperation with private U.S. or foreign
banks, and occasionally a foreign
government. The figures in table 10
do not include participations by U.S.
parent banks or U.S. branches of
foreign banks, or EIB guarantee and
insurance programs, although these
activities may contribute indirectly to
the expansion of overseas markets for
U.S. exports.
EIB credits increased from $0.5 billion in 1965 to $1.5 billion in 1968,
averaged $1.3 billion from 1969 through
1972, and increased to $2.5 billion in
1975. There were increases to Japan in
1966 for cotton purchases, to the
United Kingdom in 1966-67 for military
aircraft purchases, and to Iran in
1971-74 for military purchases. Credits
to Poland, Romania, and the Soviet
Union began in 1973, and thereafter
increased sharply; those to the Soviet
Union were primarity for a natural
gas plant and for pipeline construction.
In recent years, EIB credits to
France, Canada, and Norway increased
significant!}^. A substantial portion of
the credits to Norway was for equipment for gas and oil exploration and for
pipeline construction. A small but increasing share of credits to many
developed and a few developing countries was for equipment to construct
nuclear power plants.
Credits to developing countries were
concentrated in Brazil and Mexico
throughout the decade. In recent years,
China-Taiwan, Korea, and Iran also
became major recipients. These five
countries largely accounted for the
doubling in EIB credits to developing
countries in 1972-75.

SUKVEY OF CURRENT BUSINESS

November 1976

21

Table 10.—Export-Import Bank Act: Credits
[Millions of dollars]

1965
Total (table 1, line 11)

.

— _

1966

1968

1967

1969

533

908

1,260

1,517

45

3
47

14
49

17
9
68

38

1
49
141

83
240
31

1,259

1972

1971

1970
1,091

1974

1973

1975

1,426

1,298

1,680

2,577

2 49

62
15
40
39
45
68
36

43
14
56
53
41
162
68

20
54
37
36
98
157
35

2
5
2
5
9
15
9

32

74

99

6

2
4
14

39
28
53

10

Selected countries:
France
Germany.
Italy
Netherlands
Norway. _
Spain
United Kingdom

_ _
_ _

--

__ _•_

___

Canada
Poland
Romania
Soviet Union
Brazil
Chile
Mexico
Venezuela

-2
58

83
255

63
178

61
52

33
10
64
2
9
38
65

4

5

10

28

_

_

-

Iran.
Israel

- - .-

_

Australia.. _
Japan
Korea ... _ __
China-Taiwan
Philippines.
_

123

(*)

- __ __ __

_____
_
_

__
-

See general notes on table 1.




_

_ _ _
__

5

38
45
44
15

4
28
53
15

18
14
68
27

21
118
86
24

35
72
47
42

52
44
51
33

78
11
29
9

74
4
33
23

104
1
48
12

229
254
137
15

18
5
12
1

4
6

16
7

20
10

61
8

29
19

53
27

157
50

128
24

285
22

167
6

a

24

27
112

170
109

206
133

90
140

62
161

110
217

91
223

96
174

20
149

4
17

1
2
15

14
17
14

13
4
15

6
11
15

4
30
21

48
58
27

62
137
19

H

_ _ _ _ __ __

19

(*)

18

3
25
21

9

1

c
10

22

November 1976

Revised Inventory and Sales Estimates
Table !•—Manufacturing and Trade Inventories, Unadjusted

]Millions of dollars]
Retail trade
Year and month

1974
Jan
Feb
Mar ._
Apr
May
June

July ..
Aug
Sept
Oct
Nov
Dec _.
1975
Jan
Feb
Mar ..
Apr
May
June. -

July ..
Aug
Sept
Oct __
Nov
Dec
1976
Jan
Feb
Mar
Apr
May
June.

July
Aug
Sept.p .

_-

.

__ _

_ _ __

__

_ _

._

Manufacturing and
trade, total

Total

Durables,
total

Automotive
dealers

Furniture,
homefurnishings,
and equipment stores

Lumber,
building
materials,
hardware
dealers l

Nondurables, total

Apparel and
accessory
stores

Food
stores

General
Department
merchandise
stores
group

226, 079
230, 538
235, 329
238,011
241,517
244, 358

63, 569
65, 004
67, 166
67, 869
68, 377
68, 642

29, 328
30,046
30, 766
31,020
31, 148
31, 325

14,927
15, 394
15, 476
15,446
15, 369
15, 440

4,617
4,644
4,772
4,885
4,947
4,968

4,887
4,923
4,957
4,969
4,927
4,939

34,241
34, 958
36, 400
36, 849
37, 229
37, 317

4,928
5,061
5,361
5,340
5,337
5,258

6,864
6,949
7,275
7,209
7,305
7,272

14, 711
15, 057
15, 782
16, 222
16, 528
16, 701

8,610
8,828
9,362
9,689
9,842
9,856

247, 304
249, 524
255, 317
263, 912
269,426
268, 365

68, 415
67, 516
70, 057
74, 194
76, 603
71, 908

30, 363
28, 720
29, 714
31, 805
33, 462
33, 472

14, 658
12, 836
13, 751
15, 369
16, 787
17, 098

5,020
5,100
5,184
5,320
5,384
5,150

4,695
4,690
4,632
4,369
4,369
4,355

38, 052
38, 796
40, 343
42, 389
43, 141
38, 436

5,321
5,577
5,871
6,097
6,150
5,385

7,456
7,358
7,474
7,791
8,146
8,116

17,029
17, 449
18, 194
19, 344
19, 393
15, 528

9,929
10, 232
10, 759
11,646
11,934
9, 245

269, 468
270, 152
270, 647
270, 170
267, 639
265,404

70, 943
71, 341
72, 778
73, 238
72, 954
72, 731

33, 493
33, 027
33, 621
34, 027
34, 251
34, 166

17, 087
16, 257
16, 621
16, 948
17, 161
16, 923

4,967
4,885
4,856
4,849
4,861
4,907

4,396
4,499
4,574
4,621
4,651
4,705

37, 450
38, 314
39, 157
39, 211
38, 703
38, 565

5,189
5,413
5,593
5,591
5,559
5,421

7,775
7,809
7,859
7,836
7,813
7,812

15, 045
15, 423
16, 226
16, 406
16, 179
16, 152

8,826
8,999
9,623
9,792
9,746
9,628

263, 451
262, 265
263, 584
268, 948
270, 394
264, 715

72, 444
71,611
73, 783
77, 690
78, 428
73, 041

33, 530
32, 128
32, 949
33, 757
34,413
33, 970

16, 466
15, 108
15, 719
16, 099
16, 502
16, 690

4,928
5,022
5,132
5,328
5,407
5,294

4,589
4,616
4,590
4,699
4,695
4,610

38, 914
39, 483
40, 834
43, 933
44, 015
39, 071

5,441
5,571
5,886
6,194
6,162
5,342

7, 835
7,842
8,018
8,289
8,376
8,189

16,418
16, 850
17, 593
19, 742
19, 495
15, 864

9,780
10, 121
10, 662
12,176
12, 223
9,735

266, 590
270, 063
273, 822
275, 632
276, 816
278,801

73, 187
75, 366
78, 037
79, 321
79, 235
79, 819

34, 208
35, 022
36, 325
36, 879
36, 888
37, 160

16, 861
17,451
18, 146
18, 351
18, 254
18, 252

5,188
5,141
5,290
5,419
5,438
5,497

4,739
4,857
5,065
5,132
5,134
5,063

38, 979
40, 344
41,712
42, 442
42, 347
42, 659

5,287
5,566
5,855
5,918
5,887
5,979

8,015
8,097
8,162
8,275
8,279
8,322

16, 113
17,011
18, 076
18, 754
18, 969
18, 926

9,857
10, 375
11,150
11,688
11,824
11,626

278, 755
278, 762
282, 480

79, 320
78, 475
81,141

36, 766
35, 029
36, 090

17, 777
16, 119
16, 766

5,523
5,506
5,722

5,087
5,086
5,171

42, 554
43, 446
45, 051

6,059
6,324
6,728

8,285
8,329
8,411

18, 962
19, 478
20, 343

11,582
11,929
12,461

Table 2.—Manufacturing and Trade Inventories, Seasonally Adjusted

[Millions of dollars]

1974

Jan.,
__ __
Feb
Mar
_ _
Apr
May
June _ _ _ _ _ _ _

230
233
235
239
243

336
383
501
571
889

65
65
66
66
67
68

737
865
458
640
432
001

29
29
29
29
29
29

828
753
767
670
796
952

15
14
14
14
14
14

093
946
559
342
257
257

4 726
4 758
4 845
4 875
4 947
4 988

5 017
4 918
4 841
4 801
4 751
4 800

35
38
36
36
37
38

909
112
691
970
636
049

5,339
5 277
5,383
5 361
5 424
5,437

6,937
7 041
7,282
7 209
7 334
7,338

15, 923
15, 927
16, 052
16, 314
16, 696
16, 998

9,349
9,432
9,514
9,708
9,901
10, 098

July ._
Aug
Sept __
Oct
Nov
Dec

248
252
257
263
266
270

608
949
963
514
804
819

68
69
70
72
73
73

706
518
488
810
693
851

29
30
31
32
33
34

927
575
037
984
940
301

14
14
14
16
17
17

149
570
963
669
560
627

5 060
5 120
5 143
5 155
5 152
5 176

4 667
4 704
4 722
4 440
4 481
4 546

38
38
39
39
39
39

779
943
451
826
753
550

5,480
5 505
5,575
5 630
5,596
5 639

7,562
7 493
7,534
7,638
7,810
7,988

17, 245
17, 335
17, 476
17, 589
17, 285
16, 736

10, 173
10, 232
10, 375
10, 501
10, 423
9,973

271, 063
270 183
268 741
267 420
265 431
264 895

73, 242
72 239
72 020
71 933
71 922
71 986

34
32
32
32
32
32

063
734
545
566
775
664

17, 277
15 783
15 636
15 736
15 919
15 626

5 074
5 010
4 940
4 854
4 871
4 937

4,518
4 495
4 467
4 465
4 489
4 568

39, 179
39 505
39 475
39 367
39 147
39 322

5,622
5,639
5 610
5,619
5 644
5,600

7,869
7,904
7,875
7,836
7,844
7,891

16, 313
16, 341
15, 530
16, 506
16, 349
16, 435

9,604
9,635
9,799
9,812
9,805
9,865

264
266
266
268
267
266

540
063
455
206
354
365

72
73
74
75
75
74

698
979
417
981
129
676

33
34
34
34
34
34

027
313
453
699
568
474

15
17
17
17
16
16

894
149
104
163
960
876

4 968
5 037
5,086
5 153
5 169
5 315

4 557
4 625
4,679
4 775
4 820
4 817

39 671
39 666
39, 964
41 282
40 561
40 202

5 604
5,505
5,584
5 719
5,607
5 594

7,954
7,986
8,075
8,126
8,031
8,060

16, 608
16, 728
16,902
17, 929
17, 362
17, 099

10, 010
10,111
10, 282
10,969
10, 666
10, 502

267
269
271
273
275
278

967
878
846
049
244
931

75
76
77
78
78
79

292
243
298
102
406
375

34
34
35
35
35
35

479
592
231
462
547
863

16 727
16 898
17 151
17 199
17 140
17 170

5 294
5 278
5 387
5 430
5 460
5 536

4 871
4 852
4*946
4 958
4*965
4 916

40
41
42
42
42
43

813
651
067
640
859
512

5,728
5 798
5 873
5 954
5,977
6 177

8,104
8,187
8,178
8,283
8,321
8,415

17, 493
18, 054
18, 426
18, 870
19, 171
19, 256

10, 737
11,120
11, 366
11,711
11,895
11,912

36 523
37 515
37' 822

17 446
18 443
18 364

5 573
5 523
5 671

5 057
5 096
5 271

43 394
43 603
44 026

6 246
6 249
6 383

8,420
8,482
8,470

19, 184
19, 328
19, 537

11,855
11,905
12,016

227, 293

__

1975
Jan
Feb _
Mar
Apr
May
June
July _
Aug
Sept.
Oct
Nov
Dec

_

__

1976
Jan. __
Feb
Mar .
Apr .
May
June

_

July
Aug
Sept. p

280 546
282 897
285 492

p Preliminary.
1. Excludes farm equipment dealers.




79 917
81 118
81 848

SURVEY OF CURRENT BUSINESS

November 1976

Table 3.—Manufacturing and Trade Sales, Seasonally Adjusted
tMilllons of dollars]
Maniacturing and
trade, total

Year and month

Table 4.—Manufacturing and Trade Inventory-Sales Ratios, Seasonally Adjusted

Retail trade
Year and month
Total

Durables

23

Manufacturing and
trade, total

Retail trade
Total

Nondurables

Durables

Nondurables

1973

1973
Jan

Feb
Mar
Apr
May
June

_ _ ._
-_ --

_
--

-

July
Aug
Sect

_ __

_ _

.-

Oct
Nov
Dec

-

135,964
138,531
140, 246
140, 570
142, 084
142, 084

40, 676
41, 280
41,594
41, 297
41, 655
41, 302

14, 215
14, 528
14, 579
14, 335
14, 330
13, 815

26, 461
26, 752
27, 015
26, 962
27, 325
27,487

144, 296
144, 848
145,119
148, 717
151,846
151, 509

42, 184
41, 896
42, 464
42,704
43, 038
42, 673

14, 042
14, 099
14, 179
14, 180
14. 152
13, 613

28, 142
27, 797
28,285
28, 524
28, 886
29,060

Jan
Feb.._ .
Mar
Apr
May.
June._ _ __

_
_

July., _. _
Aug
Sept
Oct.. -_
Nov
Dec
Annual.

1 47
46
45
46
46
48
47
48
49
46
45
48
46

1 49

.20
.20
. 19
.21
.20
. 21

1 42
1 42
1 4^

1 46
1 49
1 47
1

. 18
. 22
. 19
. 20
. 20
. 23

CA

1 48
1 48

2

1 53
1 46

1

1 4Q

f)K

2 17
QO

1974

1974
Jan
Feb
Mar

154, 403
156, 692
159, 754
161, 348
163, 191
164, 082

_._
_

_

Apr
May
June
July
Aug
Sept
Oct
Nov.
Dec

_

167, 899
170,975
170,197
170,528
167, 879
162, 454

__
. _.

43, 114
43, 278
43, 830
44, 401
44, 579
44, 896
45, 537
46, 707
45, 781
45, 767
44, 684
45, 199

13, 658
13,483
13,706
14, 045
14, 071
14, 195

29, 456
29, 795
30, 124
30, 356
30, 508
30, 701

Jan..
Feb
Mar
Apr..
May
June

14, 396
15, 156
14, 148
13, 742
13, 074
13, 520

31, 141
31, 551
31, 633
32, 025
31,610
31, 679

July
Aug
Sept.. _.
Oct
Nov
Dec
Annual

1975

1 47
1 47
1 46
1 46
1 47
1 49

1 52
1 52
1* 52
1 50
1 51
1 51

1 48
1 48
1 52
1 55
1 59
1 67
1 50

1 51
1 49
1 54
1 59
1 65
1 63
1 53

2
2
2
2
2
2

19
40
60
54
21

Jan
Feb
Mar .
Apr..
May
June.

1 67
1 65
1 69
1 64
1 62
1 60

1 59
1 54
1 57
1 53
1 49
1 48

2
2
2
2
2
2

41
23
42
30
23
ig

July
Aug
Sept.
Oct
Nov
Dec..

1 57
1 55
1 54
1 53
1 54
1 51
1 59

1 47
1 49
1 50
1 52
1 49
1 44
1 51

2
2
2
2
2
2
2

15
23
23
20
17
07
23

1 17

50
48
.47
46
48
.48

1 46
1 45
1.45
1 45
1 48
1.47

2 06
1 99
2 02
1 97
2 04
2 01

1 17
1 18
1 17
1 20
1 21
1 20

.49
49
1 51

1.49
1 48
1 52

2 06
2 06
2 18

1.20
1 20
1 20

.
_.

__.

2 18
2 91
2 17
2 11

2 12
911

9 Oft
O9
9C
94
9fi
or

23

1975

May
June

161,951
163, 428
159, 187
162, 879
163, 347
165, 877

45, 984
46, 954
45, 962
46, 948
48,171
48, 652

14, 126
14, 661
13,447
14,178
14, 667
15, 006

31,858
32, 293
32, 515
32, 770
33, 504
33, 646

July.
Aug
Sept
Oct
Nov
Dec .-

169, 007
172,150
173, 448
174,847
174, 085
176, 710

49,411
49, 774
49, 644
49, 995
50, 552
51, 734

15, 372
15, 410
15,417
15, 772
15, 904
16, 690

34, 039
34, 364
34, 227
34, 223
34, 648
35, 044

Jan
Feb
Mar
Apr

_ -_
._

Annual..

1976
Jan .

. . . .

__

Feb
Mar
Apr
May.
June

July.
Aug
Sept.p

- _ _

_ _

_ _

_
_

_
..

179, 027
182, 329
185, 488
187, 074
186, 341
189, 007

51, 592
52, 601
53, 344
53, 696
52, 868
53, 983

16, 730
17, 397
17, 403
18,046
17,419
17,803

34, 862
35,204
35, 941
35, 650
35, 449
36, 180

188, 282
189, 748
188, 830

53, 754
54, 643
53, 918

17, 699
18, 208
17,344

36, 055
36, 435
36, 574

90
1

99
91
90

1 17
1 17

1 15
1 17
1 21
1 17
1 15
1 18

1976
Jan
Feb..
Mar
Apr
May.
June.. _
July.
Aug
Sept P

__ ._

__

Preliminary.
p Preliminary.

Manufacturing and trade inventories, sales, and inventory-sales ratios, which are regularly shown on pages S-5 and S-12 of the SURVEY OF CURRENT BUSINESS, have been revised.
Retail inventories have been revised to the levels of the Census Bureau's 1975 Annual Retail Trade Survey, which included revised estimates for 1974. Table 1 shows inventory
estimates that have not been adjusted for seasonal variation; table 2 shows seasonally adjusted estimates.
The revisions in sales reflect the Census Bureau's revised seasonal adjustment of retail sales, which begins with January 1973. The unadjusted estimates have not been revised.
Table 3 shows sales estimates and table 4 shows inventory-sales ratios.




f
1
I
I
I




1975 Biennial Edition
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SURVEY OF CURRENT BUSINESS, get
the just-published 20th supplement.
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CURRENT BUSINESS STATISTICS

_LHE STATISTICS here update series published in the 1975 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CUERENT BUSINESS. That volume (available from the Superintendent of Documents for $5.10) provides a description of each series, references
to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1971 through 1974 (1964-74 for major quarterly
series), annually, 1947-74; for selected series, monthly or quarterly, 1947-74 (where available). Series added or significantly revised after the 1975
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively. Unless otherwise noted, revised monthly data
for periods not shown herein corresponding to revised annual data are available upon request.
The sources of the data are given in the 1975 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 187-88. Statistics originating in Government agencies are not copyrighted and may be reprinted freely.
Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights.
1973

Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes areas shown in
the 1975 edition of BUSINESS STATISTICS

1975

1 1974

1973

III

1974

IV

Annual total

i | n

1975
III

IV

I

II

1976

III

IV

I

II

III'

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
Gross national product, totalf

bil.$

1,306.6 !,413.2

1,588.2

1,636.2

1,675.2 1,708.4

1, 516. 3

1,317.5

1,355.1

1,372.7

1,399.4

1,431.6

1,449.2

1,446.2

1,482.3

Personal consumption expenditures, total.. do

809.9

887.5

973.2

818.2

833.1

853.3

878.7

906.8

911.1

933.2

960.3

987.3 1,012.0 1,043.6 1,064.7 1,088.5

Durable goods, total 9
do
Motor vehicles and parts
do
Furniture and household equipment.. .do

123.7
55.2
50.7

121. 6
47.9
54.7

131.7
53.2
57.6

123.5
54.5
51.0

121.1
50.7
52.0

118.6
46.2
53.7

122.5
48.5
54.9

128.0
53.0
55.7

117.4
43.7
54.4

122.1
47.6
54.6

127.0
49.5
57.0

136.0
56.3
58.2

141.8
59.2
60.6

151.4
68.0
61.2

155.0
70.4
62.3

' r157. 6
71.7
' 62. 9

Nondurable goods, total 9
Clothing and shoes
Food
Gasoline and oil

do
do
do
do

333.8
61.3
168.1
27.8

376.2
65.1
189.9
36.3

409.1
70.0
209.5
38.9

338.1
61.7
171.3
27.6

348.1
62.8
175.2
30.2

360.6
64.2
181.5
31.8

371.9
65.0
186.4
36.2

383.8
66.2
193.7
38.0

388.5
65.0
198.0
39.3

394.4
66.6
203.2
37.9

405.8
69.3
207.8
38.6

414.6
71.3
211.8
39.2

421.6
73.0
215. 2
39.9

429.1
73.5
219.2
40.1

434.8
73.2
223.1
40.3

'441.8
' 75. 9
' r225. 2
41.6

do
do
do
do

352.3
50.2
-123.2
27.9

389.6
56.1
136.4
31.1

432.4
63.9
150.2
34.0

356.6
51.1
124.8
28.1

363.8
51.6
128.1
28.6

374.1
52.8
131.8
29.7

384.3
55.3
134.6
30.6

394.9
57.5
137/8
31.6

405.2
59.1
141.3
32.5

416.7
61.2
145.0
33.3

427.4
63.7
148.4
33.6

436.7
65.0
151.8
34.1

448.6
65.9
155.8
35.0

463.2
68.4
159.7
36.5

474.9
69.6
163.9
37.0

' 489. 1
'72.8
167.8
37.8

Gross private domestic investment, total.— do

220.0

215.0

183.7

220.0

231.5

216.4

218.8

213.3

211.5

172.4

164.4

196.7

201. 4

229.6

239.2

' 247. 0

202.1
136.0
49.0
87.0

204.3
149.2
54.1
95.1

198.3
147.1
52.0
95.1

204.6
138.6
50.5
88.1

202.5
140.3
51.2
89.1

203.8
145.1
52.4
92.7

205.8
149.0
54.8
94.2

206.0
150.9
54.1
96.8

201.7
151.9
55.2
96.7

194.6
148.0
53.1
94.9

194.3
145.8
51.2
94.6

198.6
146.1
51.8
94.3

205.7
148.7
52.1
96.6

214.7
153.4
53.2
100.2

223.2
157.9
54.9
103.0

'231.9
' 163. 0
'56.0

66.1
17.9
14.7

55.1
10.7
12.2

51.2
-14.6
-17.6

66.0
15.4
11.4

62.1
29.0
23.7

58.7
12.6
14.5

56.8
13.0
13.9

55.0
7.3
7.4

49.8
9.7
12.9

46.6
-22.2
-25.6

48.6
-30.0
-31.2

52.6
-2.0
-4.2

57.0
-4.3
-9.5

61.3
14.8
12.7

65.3
16.0
17.3

7.1
101.6
94.4

7.5
144.4
136.9

20.5
148.1
127.6

10.0
105.2
95.3

12.7
115.0
102.3

15.0
133.2
118.2

3.9
142.2
138.3

2.9
148.4
145.5

8.1
153.8
145.7

15.0
147.5
132.5

24.4
142. 9
118.5

21.4
148.2
126.8

21.0
153.7
132. 7

8.4
154.1
145.7

r
3.4
9.3
160.3 r 166. 3
151.0 ' 162. 9

269.5
102.2
73.5
167.3

303.3
111.6
77.3
191.6

339.0
124.4
84.3
214.5

269.3
100.1
72.5
169.3

277.8
104.4
74.4
173.5

288.0
106.1
74.9
181.9

298.0
108.9
75.9
189.1

308.6
113.5
78.2
195.1

318.5
118.1
80.2
200.4

325.6
120.3
82.0
205.3

333.2
122.4
83.4
210.9

343.2
124. 6
84.6
218.6

353.8
130.4
87.1
223. 4

354.7
129.2
86.2
225.5

362.0
131.2
86.9
230.9

do
1,288.6
do
580.9
do .. 229.6
do
351.3
do
560.5
do
147.2

1,402.5
629.0
240.2
388.9
626.6
146.9

1,531.0
696.3
266.5
429.8
692.5
142.1

1,302.1
586.7
230.1
356.6
567.0
148.4

1,326.1
599.8
230.7
369.0
580.1
146.2

1,360.0
608.4
232. 3
376.1
605.1
146.5

1,386.4
621.9
240.6
381.3
614.6
150.0

1,424.2
643.0
247.6
395.4
633.8
147.4

1,439.4
642.8
210.2
402.6
652.8
143.8

1,468.4
664.8
249.5
415.3
666.3
137.2

1,512.3
691.0
263.8
427.2
684.2
137.1

1,550.6
705.4
272.0
433.4
700.2
145.0

1,592.5
724.0
280.6
443.3
719.5
149.1

1,621.4
727. 5
286. 3
441.1
742.6
151.3

17.9
10.9
7.0

10.7
7.1
3.6

-14.6
-12.1
-2.6

15.4
11.8
3.6

29.0
12.1
16.9

12.6
6.6
6.0

13.0
2.2
10.8

7.3
5.1
2.3

9.7
14.5
-4.7

22.2
-15W.4
-6.8

-30.0
-15. 3
-14.7

-2.0
7 0
5.0

-4.3
-10.6
6.3

14.8
3 6
18.5

bil. $.. 1,235.0

Services total 9
Household operation
Housing
__
Transportation

-

.

Fixed investment
_
Nonresidential
Structures
Producers' durable equipment
Residential _ .
._
Change in business inventories
Nonfarm
Net exports of goods and services
Exports
Imports
.

do
do
do
do

..

do
.do
do...
do
do
do

Govt. purchases of goods and services, total .do
Federal
do .
National defense
do
State and local
. .. .
do
By major type of product:!
Final sales, total.. _
Goods, total
Durable goods
Nondurable goods
Services
Structures
Change in business inventories
Durable goods
Nondurable goods

do
do
do

1,548.7

r 107. 0

' 68.9
' 15.1
' 15. b

' 369. 6
r 134. 5

- 88.5
' 235. 0

1,659.2 1,693.3
742.4 ••751.0
295.8 r 301. 4
446.6 r 449. 6
759.6
780.1
157.3 ' 162. 2
16.0
5.4
10.6

' 15. 1
6.8
r8.3

GNP in constant (1972) dollarsf
1,260.0 1,271.7

1,214.0

1,191.7

1,236.3

1,242.6

1,230.4

1,220.8

1,212.9

1,191.7

1,161.1

1,177.1

1,209.3

1,219.2

1,246.3

767.7

759.1

770.3

770.4

765.9

761.8

761.9

764.7

748.1

754.6

767.5

775.3

783.9

800.7

808.6

r 815. 7

do
do
do

121.8
309.3
336.5

112.3
303.5
343.4

111.9
306.1
352.4

121.2
310.6
338.7

118.1
308.0
339.7

114.9
305.1
341.8

115.0
304.0
342.9

116.1
304.9
343.7

103.1
299.8
345.1

106.0
300.6
348.0

108.4
307.2
351.8

115.1
306.8
353.4

118.0
309.5
356.4

124.3
314.6
361.8

125.2
317.6
365.8

'126.2
' 318. 9
' 370. 6

Gross private domestic investment, total. ..do

207.2

182.0

137.8

204.9

211.8

194.8

187.9

176.2

169.1

129.3

126.2

148.7

147.0

167.1

171.7

' 175. 2

190.7
131.0
59.7
16.5

173.5
128. 5
45.0
8.5

149.8
111.4
38.4
-12.0

190.8
132.5
58.3
14.1

186.4
132.4
54.0
25.4

183.4
133.5
49.9
11.4

178.5
131.6
47.0
9.4

171.1
127.3
43.9
5.1

161.1
121.8
39.3
8.0

149.8
114.4
35.4
-20.5

147.4
110.6
36.8
-21. 2

149.7
110.1
39.6
-1.0

152.5
110.5
41.9
-5.5

156.7
112.6
44.1
10.4

160.6
114.9
45.7
11.1

' 165. 0

18.4

14.9

14.9

17.7

20.1

24.3

22.8

23.1

16.6

16.0

' 15.3

Gross national product, totalf..

Personal consumption expenditures, total.. do
Durable goods
Nondurable goods
Services

Fixed investment
Nonresidential
Residential
Change in business inventories
Net exports of goods and services

do
do .
do
do
do

7.6

16.5

22.6

9.3

12.9

Govt. purchases of goods and services, total, do
Federal
do
State and local
.
do

252.5
96.6
155.9

256.4
95.3
161.1

261.0
95.7
165.2

251.8
95.2
156.6

252.0
94.3
157.7

r
Revised.
» Preliminary.
f Revised series, Estirmites of national income and
product and personal income have been revised ba ck to 197 3 (see p. 24 ff. of the July 1976




261.9
265.2
262. 4
256.1
259.1
2)7. 1
256.9
257.1
255.4
95.4
97. 2
95.6
95.3
94.7
95.4
95.8
94.8
95.3
166.6
168.0
166. 9
162.2
163.8
161.5
161.4
161.3
160.1
SURV EY); rev isions pr lor to IV [ay 1975 for perseHial incc me app 5ar on t .
9 In eludes faita for ite ms not s lown sef >arately.
1976 SURVEY.

r 117.5

'47.4
'10.2

263.6 ' 265. 5
' 97. 3
96.0
167.7 r 168. 2
33 of t he July

S-l

S-2

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes areas shown in
the 1975 edition of BUSINESS STATISTICS

1973

1974

|

1975

Annual total

1973
IV

November 1976
1975

1974
I

II

III

IV

I

II

1976
III

IV

I

II

III'

IV

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCTf— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
Implicit price deflators :t
Gross national product
Index 1972=100
Personal consumption expenditures
do
Durable goods
_
do .
Nondurable goods
do
Services
.
do
Gross private domestic investment:
Fixed investment
do
Nonresidential
do
Residential
do
Govt. purchases of goods and services
Federal
State and local

do
do
do

127. 25
126.3
117.7
133.7
122.7

109.05
108.8
102.5
113.0
107.1

111. 56
112.0
103.2
118.2
109.5

114. 64
115.3
106.5
122.3
112.1

118.03
118.6
110.2
125.9
114.9

121. 60
121.8
113.8
129.6
117.4

124. 55
123.7
115.1
131.2
119.7

125. 93
125.1
117.1
132.1
121.5

128.07
127.3
118.2
135.1
123.6

130. 27
129.1
120.2
136.2
125.9

131.29
130.3
121.8
136.4
128.0

132.96
131.7
123.8
136.9
129.8

>• 134. 4
133.4

106.0
103.8
110.8

117.7
116.1
122.3

132.4
132.1
133.2

108.6
106.0
115.0

111.1
108.7
117.5

115.3
113.2
121.0

120. 3
118.6
125.3

125.2
124.7
126.7

129.9
129.4
131.5

131.9
131.8
132.1

132.7
132.7
132.8

134.9
134.5
135.9

137.0
136.2
139.0

139.0
137.5
142.9

140.6
138.7
145.3

106.7
105.8
107.3

118.3
117.1
119.0

129.9
130.0
129.8

110.3
110.7
110.0

112.7
111.3
113.6

116.4
114.9
117.2

120.0
118.4
121.0

124.0
123.8
124.1

126.7
126.8
126.5

128.6
128.4
128.7

130.8
130.4
131.0

133.4
134.2
132.9

135.4
135.4
135.4

137.3
136.7
137.7

139.2
138. 3
139.7

1,135.7 1,207.6

r 124. 9

138.5
r 132.

0

1,102.7

1,113.5

1,125.6

1,147.6

1,156.3

1,149.7

1,182.7

1,233.4

1,264.6

1,304.7

1,337.4 *>1,362.5

875.8
764.5
160.4
604.1
111.3

928.8
806.7
175.8
630.8
122.1

828.4
725.9
153.1
572.8
102.5

846.3
739.7
155.5
584.2
106.6

866.3
756.7
158.1
598.6
109.6

888.8
775.6
161.1
614.4
113.3

901.8
786.0
166.7
619.3
115.8

904.0
785.8
170.0
615.7
118.2

912.9
792.8
173.8
619.0
120.1

935.2
811.7
177.3
634.4
123.6

963.1
836.4
182.2
654.1
126.7

994.4
861.8
185.4
676.1
132.9

1,017.2 '1,037.5
881.1 ' 897. 8
188.7
191. ?
692.4 r 706. 1
136.2
139. 6

92.4
32.0
60.4

86.9
25.8
61.1

90.2
24.9
65.3

98.3
37.3
61.0

91.2
31.6
59.6

85.0
24.6
60.4

86.0
23.8
62.2

85.5
23.3
62.2

81.1
17.9
63.2

86.8
24.1
62.7

98. 5
29.2
66.3

97.2
28.3
69.0

93.2
21.9
71.4

100.3
27.5
72.8

96.1
21.7
74.4

21. 6

21.0

22.4

21.5

20.9

20.6

21.0

21.5

21.9

22.3

22.4

22.9

23.3

23.1

'23.4

99.1

84.8

91.6

99.3

95.7

87.8

81.7

74.1

69.0

86.6

106.3

105.6

115.1

116.4 p 122.0

90.4
16.2
74.1
44.1
24.0

76.7
14.1
62.6
36.9
11.9

97.0
12.9
84.1
46.4
17.2

90.3
15.7
74.5
43.1
21.2

81.4
14.8
66.6
39.4
15.6

80.8
14.0
66.8
39.0
12.1

75.1
14.6
60.5
37.7
10.7

69.5
13.1
56.3
31.6
9.0

72.1
13.9
58.2
29.7
8.4

91.7
12.5
79.2
43.5
14.8

111.4
12.1
99.3
67.0
24.3

112.7
12.9
99.8
65.3
21.1

121.9
14.0
107.8
61.2
23.7

125.0 P 131.1
13.8
P 14.3
111.2 P 116.8
66.4
30.7

8.3
6.8

6.0
11.2

7.9
6.2

8.0
7.7

5.7
14.6

6.4
9.0

6.3
10.1

6.7
11.0

5.0
5.5

7.3
6.3

9.6
6.5

9.7
6.4

8.6
7.7

do
do
do
do
do

115.8
48.7
67.1
27.8
39.3

127.6
52.4
75.2
30.8
44.4

114.5
49.2
65.3
32.1
33.2

117.1
48.6
68.5
29.3
39.1

126.3
50.5
75.8
29.9
45.9

126.4
53.0
73.3
30.7
42.6

138.6
57.6
81.0
31.3
49.7

119.2
48.6
70.6
31.1
39.5

94.2
40.2
54.0
31.7
22.3

105.8
44.8
61.0
31.9
29.1

126.9
54.8
72.1
32.6
39.5

131.3
67.2
74.1
32.2
41.9

141.1
61.4
79.7
33.1
46.6

146.2 p 150.2
63.5 P 65.4
82.7 P 84.8
r
34.4
35.4
48.3 ^ 4 9 . 4

do
do
do

18 fi

1.9
52.3

-39.8
-3.0
67.1

-11.4
-11.5
74.6

-19.1
1.4
55.3

-30.4
-.2
59.4

-36.6
-1.9
65.9

-53.4
-3.5
70.0

-38.8
-6.3
73.2

-16.5
-8.6
73.7

-7.8
-11.4
74.0

-9.0
-12.6
74.9

-12.3
-13.5
76.8

-11.5
-14.5
78.6

-14.4
'-12.6
-15.4
-15.7
80.3 T 83. 5

1,153.3 1, 249. 7
170.4
168.8
982.9 1,080.9
910.7
996.9
72.2
84.0

1,095.5
157.8
937.7
856.6
81.1

1,109.7
161.3
948.4
875.8
72.6

1,136.8
167.4
969.5
901.6
67.8

1,172.5 1,194.1 1,203.1 1,230.3 1,265.5 1,299.7 1,331.3
142.2
183.8
174.5
174.0
179.8
178.3
179.3
998.0 1 015 8 1,023.8 1 088 2 1 091 5 1,119.9 1, 147. 6
983.6 1,011.1 1,036.2 1,068.0
930.4
935.0
956.7
79.5
104.5
80.5
83.7
67.6
67.2
80.8

bil. $
do
do
do
do
do

Proprietors' income with inventory valuation
and capital consumption adjustments,
total
bil. $
Farm
do
^ Nonfarm
_
_
do
Rental income of persons with capital consumption adjustment
bil. $
Corp. profits with inventory valuation and capital consumption adjustments, total
bil. $_.
Corp. profits with invent, val. adj.:
Domestic, total
do
Financial
do
Non financial total 9
do
Manufacturing, total 9
do
Durable goods
do
Transportation, communication, and
electric, gas, and sanitary serv
bil. $..
Rest of the world
do

Inventory valuation adjustment _ _
/ Capital consumption adjustment
v Ngj; interest

116.41
116.9
108.3
124.0
113.5

799.2
701.2
148.6
552.6
98.0

National income totalf
^ Compensation of employees, total...
Wages and salaries, total
Govt. and govt. enterprises
Other
Supplements to wages and salaries

Profits before tax total
Profits tax liability
..
Profits after tax
Dividends
Undistributed profits

105. 80
105.5
101.6
107.9
104.7

1,064.6

9.5
6.8

p 6.5

DISPOSITION OF PERSONAL INCOME f
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
Less: Personal tax and nontax payments
Equals: Disposable personal income
Less: Personal outlays©
Equals: Personal saving§

1,362.0 1,386.0
189.5
195.8
1,172.5 rl 190 9
1,089.6 1,114.3
r
82.9
75.8

b'l $
do
do
do
do

1,052.4
150.8
901.7
.831.3
70.3

bil $
do
do
do

99.74
38.01
19. 25
18.76

112.40
46.01
22.62
23.39

112. 78
47.95
21.84
26.11

28.48
11.43
5.84
5.59

24.10
9.49
4.74
4.75

28.16
11.27
5.59
5.69

28.23
11.62
5.65
5.96

31.92
13.63
6.64
6.99

25. 82
10.84
5.10
5.74

28.43
12.15
5.59
6.55

27. 79
11.67
5.16
6.51

30.74
13.30
5.99
7.30

25.87
10.96
4.78
6.18

29.70
12.66
5.61
7.05

i 30. 54
13.25
5.90
7.35

i 35. 05
15. 90
7.07
8.84

..

do
do
do
do
do

61.73
2.74
1.96
2.41
1.66

66.39
3.18
2.54
2.00
2.12

64.82
3.79
2.55
1.84
3.18

17.05
.71
.56
.60
.47

14.61
.68
.50
.47
.34

16.89
.78
.64
.61
.49

16.61
.80
.64
.43
.58

18.29
.91
.78
.48
.71

14.98
.91
.59
.44
.62

16.28
.97
.71
.47
.77

16.12
.94
.62
.50
.85

17.44
.97
.62
.43
.93

14.91
.92
.49
.26
.72

17.04
.99
.68
.42
1.02

17.29
.95
.54
.34
.96

19.15
1.02
.47
.33
.82

Public utilities
Electric
.
Gas and other
Communication
Commercial and other

do
do
do
do
do

18.71
15.94
2.76
12.85
21.40

20.55
17.63
2.92
13.96
22.05

20.14
17.00
3.14
12.74
20.60

5.36
4.54
.82
3.53
5.83

4.38
3.85
.52
3.19
5.05

5.30
4.56
.75
3.60
5.46

5.20
4.42
.78
3.39
5.57

5.67
4.80
.87
3.78
5.97

4.42
3.84
.58
3.11
4.88

4.94
4.15
.79
3.22
5.19

5.07
4.16
.91
3.14
5.00

5.70
4.85
.85
3.26
5.52

4.79
4.18
.62
2.92
4.82

5.50
4.74
.76
3.21
5.21

5.87
4.90
.98

6.63
5.56
1.07

28.62

29.87

do
do
do
do

103.74
40.61
20.48
20.13

107. 27
42.96
21.43
21.53

111.40
45.32
22.50
22.82

113.99
47.04
23.08
23.96

116. 22
48.08
23.28
24.80

114.57
49.05
22.86
26.20

112.46
48.78
22.59
26.19

112.16
47.39
21.01
26.38

111. 80
46.82
21.07
25.75

114.72
49.21
21.63
27.58

do
do
do
do,
do

63.12
2.76
2.05
2.20
1.73

64.31
2.80
2.10
2.13
1.63

66.08
3.07
2.42
2.21
1.84

66.94
3.27
£.68
1.84
2.16

68.14
3.56
3.05
1.81
2.71

65.52
3.76
2.39
2.09
2.82

63.68
3.78
2.70
1.60
2.75

64.76
3.82
2.75
2.12
2.99

64.98
3.82
2.39
1.65
3.56

65.51
3.83
2.08
1.18
3.29

67.48
3.83
2.64
1.44
4.16

69.16
3.87
2.31
1.42
3.44

70.74
4.02
1.71
1.31
3.06

19.80
16.72
3.08
13.24
21.35

20.12
17.12
3.00
13.83
21.69

20.97
18.10
2.87
13.94
21.63

20.16
17.47
2.68
14.01
22.84

20.93
17.76
3.17
14.04
22.04

20.28
17.03
3.25
13.36
20.82

19.52
16.41
3.11
12. 50
20.83

19.79
16.58
3.21
12. 95
20.34

20.91
17.92
3.00
12. 22
20.' 44

21.91
18.56
3.36
12.54
20.68

21.85
18.82
3.03
I 9 69
20.94

23.09
19.66
3.44

24.09
20.28
3.80

2 35. 02

2 36. 56

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
Manufacturing
Durable goods industries 1
Nondurable goods industries H
Nonmanufacturing
Mining..
Railroad
Air transportation
Other transportation

'

Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Durable goods industries If
Nondurable goods industries 1 .
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric..
Gas and other
Communication
Commercial and other
r

do
do
do
~ ~ "do " . . "
do

Revised.
p Preliminary.
i Estimates (corrected for systematic biases) for Julybept. 1976 and Oct.-Dec. 1976 based on expected capital expenditures of business. Expected
expenditures for the year 1976 appear on p. 21 of the September 1976 SURVEY.
2 includes
communication.
fSee corresponding note on p. S-l.
9 Includes data for items not
snown separately.
0Personal outlays comprise personal consumption expenditures,




118. 12 i 122. 96 1 127. 03
56.29
50.64
53.81
24.80
22.54
24.08
31.49
28.09
29.73

interest paid by consumers to business, and personal,transfer payments to foreigners (net)§Personal saving is excess of disposable income over personal outlays.
•IData for individual durable and nondurable goods industries components appear in tne
Mar., June, Sept., and Dec. issues of the SURVEY.

SURVEY OF CURRENT BUSINESS

November 1976
1973

Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS

1973

1975

1974

Annual total

1974

IV

III

S-3

I

II

1975

IV

III

1

II

1976 P

III

IV

I

II

III

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
U.S. BALANCE OF INTERNATIONAL
PAYMENTS
Quarterly Data Art Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants) _
mil. $
Merchandise, adjusted, excl. military... . do
Transfers under U.S. military agency sales contracts _ _
.
mil. $
Receipts of income on U.S. assets abroad.. .do
Other services
do

102, 154
71, 410
2,342
13, 997
14,405

144, 773 148, 365
98,310 107,088
2,952
26, 233
17,278

29, 340
20, 570

33, 382
22, 460

35, 667
24, 212

37, 234
25,036

38, 491
26, 602

36, 943
27,018

35, 770
25, 851

37,050
26, 562

38,602
27, 657

38, 584
26, 836

40, 231
28, 450

531
3,576
3,738

1,009
3,995
3,766

638
6,217
4,067

683
6,550
4,222

781
7,046
4,371

850
6,420
4,619

915
4,376
4,634

807
4,474
4,638

978
4,660
4,850

1,197
4,709
5,039

1, 145
5,495
5,108

1,074
5,462
5,245

-24,823 -26,569 -30,563 -35,613 -37,449 -37,562 -34,335
-17,742 -19,189 -22,605 -25,700 -27,374 -28,000 -25,570
-1,067 -1, 162 -1,153 -1,298 -1, 265 -1,319 -1,317
-3, 129
-2, 413 -2,511 -2,933 -4,513 -4, 689 -3,871
-3, 601 -3,707 -3,872 -4, 102 -4, 121 -4,372 -4, 196

30,686
-22,568
-1,185
-2,900

-32,785
-24,483
-1,093
-3,025

-34,245
-25,437
-1,185
-3, 158

-37,526
-28,510
-1,150
-3, 094

3,897
18, 219
19, 162

Imports of goods and services
do_. -98, 249 -141,187 -132,049
-70, 499 -103,679 -98,058
Merchandise, adjusted, excl. military
do
-4, 629 -5, 035 -4,780
Direct defense expenditures
do
Payments of income on foreign assets in the
-8,819 -16,006 -12,212
U.S.
mil. $
-14, 303 -16, 466 -16,999
Other services
do
Unilateral transfers (excl. military grants), net
mil. S.- -3,883
-1,938
U.S. Governmentgrants (excl. military) .. do
Other
do.. . -1, 945

26, 308
18,463

-7, 184 -4, 620
-5,475 -2,893
-1,710 -1,727

-909
-494
-415

Foreign assets in the U.S , net
Foreign official, net
Other foreign, net
Direct investments in the U S

do
do
do
do

18, 519
6,299
12, 220
2,656

32, 433
10, 981
21, 452
2,745

Allocation of special drawing rights
Statistical discrepancy

do
do. . -2, 107

4,557

911
3,905
1,960
22

-5, 369
3,586
1,877
-3, 598

1974

1975

5,906
2,700
2,420
-692 -2,655 -1,072
3,392
6,977
5,075
1,309
990
711

15, 326
6,899
8,427
2,437

-38,657
-29,735 -32,553
-1,087
-3, 257

-3,990 -4, 231 -4, 584 -4, 650 -4, 530

-1, 187 -2, 977 -1, 850 -1,261 -1,098 -1, 179 -1, 146 -1,044 -1,251 -1,118
-463 -2,606 -1,399
-811
-660
-712
-748
-615
-818
-635
-371
-451
-724
-450
-438
-431
-434
-429
-433
-483

-16,434 -33, 392 -31,593 -1, 569 -5,872 -7, 915 -10,013
-15
209 -1,434
-210
-358
-13
-607
1,389
-2, 645
365 -3,463
-608 -1,042
267
-948 -4,814 -9,094 -9, 922
-13, 998 -32, 323 -27,523
-4, 968 -7, 753 -6,307
-549
-977 -1,137 -1,485

U.S. assets abroad, net
do
U.S. official reserve, net
do
U.S. Gov't, other than official reserve, net.. .do
U S private net
do
Direct investments abroad
do

4,570 -1,707

11,049
4,648
6,401
1,712

-5, 210 -10,252 -8,001 -7,943 -4,411 -11,238 -10,072
137
-1,003
-325
-29
-342
89
-773
-354
-937
-772
-899
-840
-952
-684
-3, 854 -9, 453 -6, 777 -7,074 -3, 297 10375 -8,615
-1,900 -3,231 -1,510 -2, 334
-770 -1, 694 -1,757

-8, 839
-1,578
-1,032
-6,228
463

7,867
4,256
3,611
-307

2,837
3,402
-565
476

3,907
2,708
2,331 -1,606
1,576
4,313
780
-48

5,874
2,771
3,103
1,229

5,396
3,942
1,454
-728

7,157
3,960
3,197
547

-925

98 -1,517

2,258

4,736

979

2,167

2,554

3,735

1,381
2,771
2,047
1,584

-145 -1,488 -2, 338 -1, 398
54
-215
929
2,819
491
2,448
-397
-665
-169
-158 -1,796 -1,476

1,448
2,608
2,177
1,429

761

-872
-431
-441

7,612
3,149
4,462
31

1,868

29,678

Memoranda:
Balance
Balance
Balance
Balance

on merchandise trade
-do
on goods and services
.
. do
on goods, services, and remittances.. do
on current account
do

Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS

9,030
16, 316
14, 589
11, 697

Oct.

2,079
4,265
3,836
3,221

3,283
5,084
4,650
3,938

2,220 -1,674 -1,285
4,357
1,058
1,574
3,924
575
1,133
3,106
702
-60

-2,875

1976

1975
Sept.

Annual

721
1,485
1,070
576

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

June

July

1,380.8 1,385.5 '1,391.7 1,401.9

Aug.

Sept.

Oct.*

May

GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual rates:f
Total personal income.

bil. $.. 1,153.3

1,249.7

1,277.1

1,290.8

1,300.2

1,308.2

1,320.8

1,331.4

1,341.9

1,352.5

1,362.9

1,370.4

Wage and salary disbursements, total
do
Commodity-producing industries, total-do
Manufacturing
do
D istributi ve industries
do

765.0
273.9
211.4
184.4

806.7
275.3
211.7
195.6

819.1
279.8
215.5
198.2

828.5
282.9
218 1
200.9

836.6
285.7
220 1
202.5

844.0
288.6
222.8
203.5

854.2
292.8
227.2
206.5

861.4
294.9
229.4
208.8

868.8
298.4
232.2
209.8

876. 9301.7
234.8
212.3

883.3
303.5
235.8
213.9

883.1
303.4
236.2
212.4

892.7
306.5
238.0
214.9

897.4
306.4
238.8
216.3

Service industries
Govt. and govt. enterprises
Other labor income _
Proprietors' incomerA
Farm
Nonfarm

do
do
do

145 9
160.9
55.5

159 9
175 8
62 5

162 4
178 8
63 9

163 6
181 1
64 5

166 0
182 4
65 2

168 8
183 2
65.8

170 8
184.2
66.4

172.4
185.4
67.1

174.1
186. 6
67.7

175.3
187.6
68.4

177.2
188.7
69.0

177.7
189.6
69.7

180.5
190.7
70.4

183.0 ' 184. 7
192.7
191.7
71.1
71.7

do
do

25.8
61 1

24 9
65 3

29 4
67 0

29 2
68 3

28 4
68 7

27 3
69 9

24.6
70 6

21.1
71.3

20.0
72.2

23.3
72.7

27.5
72.5

31.6
73.4

26.0
73.8

21 o
30 8
101.4
140.3
47.6
117 3

22 4
32 1
110.7
175.2
50.0
1 213 4 1

22 9
23.3
23 2
23 4
23.3
22 9
33.4
33.0
32.9
33.3
32 9
30 8
120.0
117.9
119.3
116.7
114.4
115. 5
188.7
189.2
191.3
182.1
183.4
185.3
54.1
53.4
53.7
51.4
53.1
51.0
260 0 1 269 1 1, 284. 4 1, 298. 6 1, 310. 1 1,317.3

23.4
33.9
120.7
187.1
54.4
1,323.3

22.7
35.9
121.5
186.8
54.3
1,326.6

23.4
35.2
123.0
191.3
54.9
1,342.5

Rental Income of persons, with capital consumption adjustment
bil $
Dividends
do
Personal interest income
do
Transfer paym en ts
...do
Less personal contributions for social insurance bil. $.
Total nonfarm income
.
do
1

22 4
32 9
112 1
180.7
50.4
236 1 1

22 9
32 9
113 2
182.1
50.7
249 9 1

21.0
74.4

'
r
r
'

903. 5
307. 9
239. 9
218. 1

18.1
'74.9

910.2
309. 4
240.1
219. 1
186.0
195.7
72.4

17.2
75.3

24.0
'23.6
23.2
36.1
35.6
35.4
125.2 ' 126. 9 127. 9
192.9 ' 192. 9 194. 6
55.8
55.5
55.2
1,351.8 '1,360.8 1,371.7

FARM INCOME AND MARKETING!
Cash receipts from farming, including Government
payments, total t
mil $

93 178

90 370

8 965

11 541

9 196

8 120

8 584

6,442

6 243

6,305

6,179

7,834

7,878

7,664

Farm marketings and CCC loans, total
do
Crops
..
do
Livestock and products, total? .. - . do
Dairy products
do
Meat animals
do
Poultry and eggs
.. . do

92, 648
51, 271
41, 377
9 445
25, 193
6,253

89, 563
46, 661
42,902
9,866
25,811
6,739

8,919
4 865
4,054

11, 465
7 052
4,413

9,147
5,344
3,803

8,043
4,260
3,783

8,501
4,657
3,844

6,389
2,663
3,726

6,253
2,150
4,103

7,839
4,030
3,809

957

2,543
652

2,847
672

2,322
601

2,246
572

2,270
578

2,268
530

2,342
538

2,555
541

6,163
2,253
3,910
1,012
2,257
592

7,815
3,751
4,063

890

6,211
2,318
3,893

2,460
576

2,146
640

7,593 ' 8, 432 10, 400
6,300
3,739 ' 4, 498
3,854 ' 3, 934 4,100
900
'908
911
2,600
2,253 ' 2, 347
600
'640
648

Indexes of cash receipts from marketings and CCC
loans, unadjusted :J
All commodities
1967=100
Crops
do
Livestock and products
...do

216
278

209
253

250
317

321
459

256
348

225

238
303

179
173

174
151

175
140

173
147

219
244

220
262

170

176

199

217

187

211
186

189

183

192

202

192

200

187

190

Indexes of volume of farm marketings, unadjusted:!
All commodities
1967=100..
Crops
do
Livestock and products...
do

111
121

115
128

131
157

176
247

146
196

125
154

130
162

99
90

94
74

92
66

116
127

119
127

104

106

818

113

855

126

' Revised.
* Preliminary.
fSee corresponding note on p. S-l. AIncludes inventory valuation and capital consumption adjustments.
{Series revised beginning 1973;




847

110

923

105

107

105

978

110

960

111

91
70

106

980

115
119

113

978

108

213
243

113

8,488

'236
'293
'194

292
409

'130
'148
' 117

167
216

203

132

revisions for periods prior to May 1975 are available from the U.S. Dept. of Agr., Economic
Research Service.
9 Includes data for items not shown separately.

S-4

November 1976

SUEVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS

1974

1975

Annual

1976

1975

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

126.0 ' 131. 6

Aug.

Sept.p

Oct.*

135.1

133.8

136.2
129. 1
133.7
140. 0
144.8
134. 4 144.2
142. 2 145.0
114. 2 118.5
145.4
141.3
131.4
133.3

133.8
131.0
141.7
145. 5
140.2
116.3
144.1
133.8

GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION^
Federal Reserve Board Index of Quantity Output
Not Seasonally Adjusted
Total index
By market groupings:
Products, total
Final products
Consumer goods
...
Durable consumer goods. ..
Nondurable consumer goods
Equipment
Intermediate products
Materials
_.
By industry groupings:
Mining and utilities

1967=100..

129.3

117.8

125.9

125.4

123.8

119.8

122.1

127.9

128.6

128.7

129.9

133.5

do
do
do
do
do
do
do

127.3
125 1
128 9
135.3
126.3
120 0
135 3
132 4

119 3
118 2
124 0
121.4
125 1
110 2
123 1
115 5

128 8
127 6
137 2
137.3
137 1
114 3
133 4
121 4

126 7
125 1
134 9
140.1
132 8
111 6
132 8
123 5

124.0
122 2
130.4
134.1
128.9
110 9
130 5
123 5

118.7
117 2
122.6
122.5
122.7
109 7
124.1
121 3

121.1
120 2
128.0
131.1
126.8
109 5
124.5
123 7

127.0
125.7
135.0
141.9
132.2
113.0
131.8
129.6

127.5
125.8
135.1
144.0
131.6
113.1
133.6
130.3

127.4
125.3
135.1
145.0
131.1
111.8
135.2
130.8

128.6
126.6
136.7
147.4
132.5
112.7
136.1
132.0

133.2
131.3
142.6
151.8
138.9
115.6
140.1
133.9

' 126. 0 '131.8
'
'
'•I 25. 3 '
' 133. 2 '
••112.9 '
r
136. 2 '
r
126.0 '
' 123. 3
' 130. 9

do

128 7

128 5

129 7

126 3

127.9

129 8

134.6

132.6

129.9

128.4

127.6

130.1 ' 131. 1 ' 136. 3

133.5

128.7

do
do
do

129 4
134 6
125 7

116 3
126 4
109 3

125 4
139 3
115 7

125 3
139.5
115 5

123 2
136.6
113 9

118 3
129.4
110 7

120.4
131.5
112.8

127.4
138.8
119.5

128.4
140.0
120.4

128.8
139.9
121.2

128.4
135.8
123.4

133.8 ' 125. 8 ' 131. 4
145.5 r' 137. 0 ' 145. 6
125.8
118. 1 ' 121. 6

135.1
148.6
125.9

134.1
146.8
125.2

1967=100..

129.3

117.8

122.1

122.2

123.5

124.4

125.7

127.3

128.1

128.4

129.6

130.1

131.0

130.4

do
do
do

127 3
125 1
128 9

119 3
118 2
124 0

122 8
121 5
129 0

122 4
120. 9
128 7

123 8
122.3
131 1

124 9
123.5
132.3

126.0
123.9
133.1

127.4
125.3
134.9

128.1
126.4
136.1

128.0
126.3
136.1

128.9
127.3
137.4

129.5 ' 129. 8 ' 130. 4
127.6 '127.6 ' 128. 3
137.8 ' 136. 8 ' 137. 5

129.7
127.2
136.1

129.2
126.5
135.2

do. .
do
do
do
do_.

135.3
132.8
121.0
107 9
162.6

121 4
125.9
113 7
101 1
156 6

132.2
142.1
133.9
118 5
162.7

131.9
140.8
133.6
119 1
159.0

132.5
143.2
134.7
120.9
164.9

134.0
147.7
140.0
122.8
167.0

134.7
142.8
133.4
118.9
167.4

137.9
148.9
142.0
125.8
166.5

140.4
155.1
149.5
133.6
169.5

141.1
155.2
152.1
134.3
163.1

143.2
154.0
153.4
134.4
155.6

144.2 '141.8 ' 144. 1
156.6 r 155. 9 ' 158. 4
155. 9 ' 158. 2
156.6
135.0 ' 137. 7
137.5
156.9 ' 156. 0 ' 158. 4

138.7
147.1
139.0
120.9
167.8

136.3
144.2
135.7
121.5
166.1

136 8
127.0
145 2

118 8
98.0
126 8

126 7
107.0
141 1

127 0
105.3
141 9

126 5
100.9
144 7

126 4
101.1
142 0

130.3
107.8
144 8

131.7
112.6
145 6

132.0
114.6
141 4

133 1
117.2
143 0

137.2
123.5
142 6

r
133. 8 ' 136. 1
137.4
123.8 ' 110. 3 ' 119. 1
142 5 ' 142. 0 ' 145. 0

133.9
113.1
144.2

131.8
108.7

126.3
7

127.6
116 8
130.7
125 2
137.1

127.4
120 4
129.3
125 3
133.8

130.6
123 2
132.5
127 6
138.2

131.5
123 9
133.6
127 2
141.0

132.5
127 4
133.9
128 5
140.2

133.9
127 6
135.7
129.9
142.3

134.4
130 1
135.5
129 1
143.3

134.0
129 6
135^2
128 4
143.3

135.1
132 1
135.8
129 8
142.7

135.1 ' 134. 8 ' 135. 0
124.2
127.9 r 126. 3
137.9
137.1 r 137. 2
130.8 '131.4 ' 131. 7
144.5 ' 143. 9 145.1

135.0

134. 7

128 9
122 7
136 1

125 1
111 6
128 8
122 8
135 8

138,2
132.3
145.2

145.4

Equipment
do
Business equipment..
do.. _
Industrial equipment 9
do
Building and mining equipment- -do
Manufacturing equipment
do

120 0
142.4
129 9
159.7
113 1

110 2
128.2
121 2
168.3
99 9

111.3
129.2
121.9
170.5
100.7

110.0
128.8
122.1
172.9
100.5

110.0
129.6
123.0
174.9
99.9

111.5
131.6
124.5
172.9
101.3

111.2
131.0
123.5
171.4
101.2

112.1
132.6
124.0
171.5
102.7

112.9
134.0
125.6
172.1
104.4

112.9
134.1
125.3
170.7
105.4

113.5
134.6
126.9
174.6
106.4

113.8 ' 114. 9
135.0 r 136. 9
127.4 ' 127. 5
174.9 r 176. 9
106.5 ' 107. 2

115. 8
137. 5
128. 0
179. 2
107. 2

115.3
137.4
129.2
180.3
108.3

114.7
135.9
128.4
175.0
109.0

Commercial, transit, farm eq. V ...do
Commercial equipment
do
Transit equipment
do

156. 7
182.4
119 1

136.3
157.8
101 9

137.8
160.4
104.4

136.4
158.5
102.4

137.2
159.5
102.8

139.7
164.4
102.9

139.7
165.0
100.2

142.4
166.6
103.7

143.7
168.5
104.7

144.6
170.0
105.6

143.7
169.5
104.2

143.8 ' 147. 7 ' 148. 8
171.4 ' 174. 1 ' 176. 2
102.9 r 107. 6 '106.6

146.9
176.6
103.0

144.7
177.4
101.4

82.4

80.0

81.2

78.5

77.3

77.7

78.0

77.6

77.4

77.3

78.2

134.9
128.7
141.2

134.7
128 0
141 3

Manufacturing .
Nondurable manufactures
Durable manufactures
Seasonally Adjusted
Total index

_

By market groupings:
Products, total
Final products.
Consumer goods
Durable consumer goods
Automotive products
Autos and utility vehicles
Autos
...
Auto parts and allied goods

Home goods
do
Appliances, air cond., and TV... do
Carpeting and furniture
do
Nondurable consumer goods .
Clothing
Consumer staples _. ..
Consumer foods and tobacco
Nonfood staples

Defense and space equipment

..do
do
do
do
do

do

ir i

130.7

131.3

'
'
'
'
'

138.2

78.1

78.8

135.0
130.9
139 0

135.9 ' 137. 6 ' 138. 1 139.0
134.8
131.8 ' 133. 1 ' 134. 0
140 1 r 142 1 ' 142. 2 143.2

139.0
135.0

78.0

78.3

'79.1

do
do
do

135 3
134 5
136 0

123 1
116 3
129 8

127.6
122 3
132 8

128.0
122 7
133 3

129.3
123.1
135 4

129.9
124.1
135 9

133.6
126.8
140.3

135.3
129.6
140.9

do
do
do
do
do
do
__do_

132 4
132 7
117.5
146.5
142 6
148.0
119.2

115 5
109.1
97.7
118.9
126 6
129.0
117.2

121 0
114.5
110.8
119.0
138.8
142.9
114.5

122 0
114.6
107.2
120.6
140.3
144.9
117.0

123.1
115.2
109.3
122.3
141.3
146.2
119.7

123.3
115.5
111.6
123.9
142.6
147.9
118.7

125.3
118.3
111.7
125.7
142.9
147.5
120.6

127.3
121.6
116.7
127.5
145.5
150.5
118.8

128.2
122.4
118.5
128.5
146.7
152.7
119.6

129 2
124.5
119.2
130.5
146 9
152.2
118.8

130 6
126.8
123.0
133.0
146.2
150.9
120.6

131. 1 ' 132 2 ' 132. 9
127.0 ' 130. 6 ' 131. 2
123.1 r 126. 1 ' 125. 1
136.3 ' 138. 0
134.0
147.5 'r 146. 0 ' 146. 1
151.8 r 150. 5 ' 150. 5
119. 5 ' 120. 6
120.6

132.9
129.7
121.9
138.6
148.7
153.2
121.2

132.3
129.2
121.0
139.1
147.1
151.7
121.2

...do.
do
do
do

128.7
115.3
125.6
106 4

128.5
112.8
115.8
113 4

127.2
111.6
113.5
112 6

127.9
113.8
112.5
122 2

130.5
114.2
118.1
125.6

129.2
112.9
117.9
109.9

131.8
113.6
122. 2
111.2

131.5
112.7
124. 2
109.6

131.6
113.9
122.3
114.4

131.2
113.5
124.3
114 4

132.0
113.0
118.3
119 2

131.9 ' 130. 6 ' 131. 8
114.4 '112.5 '114.6
121.6
118.3
112.6
104.8
122 7

132.3
115.1

132.4
115.4

121.4

120.0

..do
do
do
do

114.4
99 7
120 7
191 5

113.3
94 9
111 0
107 0

111.8
92 9
109 9
108 0

113.1
94 5
110 9
110 9

112.3
94 0
108 1
112 1

113.1
94.3
109 6
111.5

112.5
94.8
108 0
117. 1

110.1
91.2
106.2
120.0

111.9
93.2
106.5
119.3

111.3
93 1
107 8
117 5

110.8
91 1
110 5
116 7

112.3 '112.0 '112.7
92.2
92.0
92 5
112.7
113 0
116.5 ' 119. 1
116 5

112.2
91.5

112.1

do
do

143 7
154 9

146 0
160 8

144.6
159 0

143.8
157 3

148.8
165 5

147.2
162.3

152.0
167.4

152.5
168.7

151.4
167.3

150 8
165 7

153 0
169 8

151.2 ' 150. 8 ' 151. 2
166.4
167.2
167 2

151.5

151.5

129 4
134.6
124.0 '
110.1
107.6
143.0

116 3
126.4
123. 4
102.6
109. 3
145.8

121.4
132.9
126.2
102.3
109.9
148.4

121.2
123.6
126.4
99.8
110.5
144. 3

122.7
136.2
128.8
101.5
112.4
151. 8

123.6
136.9
128.5
104. 1
112.3
153. 0

125.2
138.4
129.2
104. 3
112.8

127.0
140.2
130.8
108.5
112.5

127.9
140.7
128.3
114. 0
113.0

128 5
140.7
129.2
107.7
113.6
149.2

129.6
140.9
131.2
103.7
112.8
157.8

130.2
141.3
130.5
107.8
112.3
153.4

131.7
'131.0
' 141. 1 '141.3
'131.8 ' 132. 6
109. 8
114.4
113.6
' 162. 2

131.0
141.8
133.3

130.0
141.3

109.8
132.8
114 3
134 5

111.8
122.3
107 6
116.3

114.1
138.3
111 5
124.5

113.9
137. 5
115 9
126.5

118.5
141.6
118.3
127..7

116.0
139.0
121.2
129.5

117.3
137.6
123.8
130.3

118.8
138.7
128.0
133.0

122.4
136.4
126.3
132.2

115.4
135.7
126 1
133.9

114.5
138.0
130 3
134.0

115.4 ' 114. 5
136. 8 '
138.1
126 8 ' 125. 6
'
132. 0 '
139.1

118.2
159.4
153 3

113.4
147.3
136 0

114.7
154.4
139 9

113.2
157.5
142 6

115.4
161.9
148.2

118.4
163.3
149.0

120.0
162.9
150.8

121.0
167.6
154.7

121.0
170.6
159.5

122.0
168.7
160 5

120.5
166.6
159 2

119.7
170.0
159 8

124.9
124.1
130.8
125.1
124.7
185. 2
185. 1
166.7
187. 6
195.2
87.7
76.5
80.9
85.8
78.1
' Revised.
* Preliminary.
« Estimated.
cfMonthly revisions back to 1967 will be
shown later.
9 Includes data for items not shown separately.
A Data for blast furnaces, steel mills reflect (back to 1958) adjustment of sales to annual totals

126.3

125. 7

129.1

83.2

86.0

86.1

Intermediate products
Construction supplies
Business supplies
Materials
Durable goods materials 9
Durable consumer parts
Equipment parts
Nondurable goods materials 9
Textile, paper, and chemical
Energy materials
By industry groupings:
Mining and utilities
Mining...
Metal mining
Coal
Oil and gas extraction 9
Crude oil
Natural gas
Stone and earth minerals
Utilities
Electric
Manufacturing
Nondurable manufactures
Foods 9
Meat products
Dairy products.. .
Beverages
..
Tobacco products
Textile mill products....
Apparel products
Paper and products
Printing and publishing.
Chemicals and products
Basic chemicals
Petroleum products
Rubber and plastics products
Leather and products _ _




.

do
..do
do
do
do
...do. .
do
do
do
do
do
. do
do
...do
do
. ...do. .

' 120. 6
167. 6 ' 170. 6
156. 2 ' 160. 7

122.0
r

r

114.8
134. 6
123. 7
134. 6

121.4

n7

3

115.4

1 firt 8

135. 9
132. 7

131.0

120. 4
171.2
161.8

119.5

126. 9
131.8
132.7
135.1 ' 134. 1 ' 130. 7 130.2
131.6
91 1 ')
203. 5
189.1 ' 191. 2
185.6
198.2
77.4
'77.3
86.0
91.4
84.0 '81.1
87.7
in the 1973 Annual Survey of Manufactures, a restatement of the level of new and unfilled
orders, and a recomputation of seas, factors. Revised monthly data are available irom tne
Bureau of the Census, Wash., D.C. 20233.

SURVEY OF CURRENT BUSINESS

November 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS

1974

1975

Annual

S-5

1975

Sept.

Oct.

1976

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept."

Oct.*

GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION*— Continued
Federal Reserve Board Index of Quantity
Output— Continued
Seasonally Adjusted— Continued
By industry groupings— Continued
Manufacturing— Continued
Durable manufactures
Ordnance pvt and govt
Lumber and products

1967=100
do _ _
do

125.7
78.9
116.2
99.8

109.3
76.6
107.6
93.9

113.5
75.9
115.8
98.4

112.7
72.0
116.8
101.1

113.4
70.0
114.1
101.6

114.4
70.1
116.4
97.1

115.8
69.9
123.5
108.7

117.9
69.5
123.9
105.1

119.0
69.5
121.1
101.2

120.1
69.1
122.8
102.6

121.7
71.4
123.0
107.2

122.3 ' 124. 2 '125.0
74.0 '75.0
73.1
120.3 ' 124. 6 ' 128. 1
106.8
111.3
97.8

123.6
73.6
128.6

122.2
73.8

' 134. 4
' 137. 4
' 118. 3
116.2
111.6
120.9
' 122. 0

130.9
138.0
114.9
111.8
106.7
109.3
119.4

112.0
108.9

Furniture and
fixtures
Clav glass and stone products
Primary metals
Iron and steel
Basic iron and steel
Steel mill products
Nonferrous metals

do
do
do
do
do
do
do

137.6
133.1
123.1
119.8
113.4
127.0
129.0

118.2
117.9
96.4
95.8
92.9
99.5
97.5

128.4
126.4
97.9
93.4
94.3
92.4
105.8

127.9
127.8
95.4
92.0
90.4
91.3
101.4

128.7
127.5
98.1
96.5
88.3
101.1
101.0

130.3
129.4
92.6
89.1
86.8
91.7
99.0

132.7
128.6
98.1
92.9
89.7
93.9
107.5

134.1
128.5
103.9
100.9
93.8
107.3
109.3

130.6
133.7
101.4
97.7
96.3
101.4
108.2

131.7
132.7
105.4
103.5
99.0
107.8
109.0

131.0
133.9
113.2
110.7
103.4
119.1
117.3

131.6
130.1
136.1 ' 137. 2
116.9
111.5
115.3
110.0
111.0
107.9
121.8
119.9
119.9
113.9

Fabricated metal products
Nonelectrical machinery
Electrical machinery

do
do
do

124.2
140.1
143.8

109.9
125.1
116.5

115.3
125.5
120.2

114.4
125.4
120.1

116.3
126.6
120.1

117.3
128.6
122.7

116.6
129.0
124.7

120.9
131.5
126.5

120.2
132.9
127.8

121.5
133.5
130.0

121.4
134.0
131.8

124.0
133.5
132.0

' 124. 6 ' 125. 8
'135.0 ' 136. 1
131.0 ' 131. 9

125.4
136.7
128.7

122.4
136.0
129.0

Transportation ecruipment
Motor vehicles and parts
Aerospace and misc trans, eq

do
do
do

108.7
128.2
90.4

97.4
111.1
84.5

105.9
126.8
86.3

104.4
126.5
83.6

104.7
127.1
83.6

106.7
130.1
84.7

105.8
126.7
86.1

109.0
135.2
84.3

111.2
140.8
83.3

110.6
141.3
81.7

112.9
144.3
83.3

112.6 '113.3 ' 115. 0
146.5 ' 148. 5 ' 150. 6
80.3 '81.5
80.7

105.4
131.3
81.0

105.9
131.1
82.2

Instruments

do

144.1

132.3

135.1

136.0

136.4

140.9

142.0

141.8

144.4

145.4

149.0

149.5

148.6

149.0

151.3 ' 149. 6

BUSINESS SALES §
Mfg. and trade sales (unadj.), totalA
Mfg find tradp sales (seas adj ) total A
Manufacturing total A
Durable goods industriesA
Nondurable goods industries.
Retail trade totald*
Durable good5? stores
Nondurable goods stores
Merchant wholesalers, total
_
Durable goods establishments
Nondurable goods establishments

mil. $_. 1,967,894 2,016,110 176,198 182,167 172,665 181,205
do
1,967,894 2,016,110 173,448 174,847 174,085 176,710
1
do
981, 985 i 992,687 86,200 87, 403 86, 515 87, 616
do
512,922 498, 325 43, 192 43, 607 42, 352 43, 681
do
469, 063 494, 362 43,008 43,796 44,163 43,935
do
1537,782 i 584,423 49, 644 49,995 50, 552 51,734
do
167,313 180, 725 15,417 15, 772 15, 904 16,690
do
370, 469 403, 698 34, 227 34, 223 34, 648 35, 044
_ _ d o i 448,127 i 439,000 37,604 37,449 37,018 37, 360
do
202,341 185, 922 15,919 15,717 15,779 16, 128
do
245,786 253, 078 21,685 21,732 21,239 21, 232

166,119 172, 930 189, 444 190,118 188,419 197,155 183,319 '188,944 193, 749
179,027 182,329 185,488 187,074 186,341 189,007 188,282 '189,748 188, 830
89, 276
44, 570
44, 706

90,912
45,700
45,212

93,050
47,546
45,504

93,848
47,741
46,107

94,087
48, 321
45, 766

94,244
48,475
45,769

93,912 ' 94,524
47,779 ' 48,338
46,133 ' 46,186

51, 592
16,730
34,862

52,601
17,397
35,204

53,344
17,403
35,941

53,696
18,046
35,650

52,868
17,419
35,449

53,983
17,803
36,180

53,754 ' 54,643 53, 918
17,699 ' 18,208 17,344
36,055 ' 36,435 36, 574

38, 159
16, 754
21, 405

38,816
17,052
21,764

39,094
17,006
22,088

39,530
17,029
22,501

39,386
17, 144
22, 242

40,780
17,615
23,165

40,616 ' 40,581 41, 271
17,457 ' 17,926 18,004
23,159 '22,655 23,267

93, 641
47, 135
46, 506

BUSINESS INVENTORIES §
Mfg. and trade inventories, book value, end of year
or month (unadj ) totolt
mil $ ' 268, 365 ••264,715 '263,584 '268,948 '270,394 '264,715 '266,590 •370,063 •373,822 •375,632 •376,816 '278,801 •378,755 '278,762 282,480
Mfg. and trade inventories, book value, end of year
or month (seas adj-) totalt
mil $ ' 270,819 ' 266,365 '266,455 '268,206
Manufacturing total
do
150,404 146, 574 146,413 146,510
95, 754 96,640 96,215
Durable goods industries
.._ do...
97,967
50, 820 49,773 50,295
Nondurable goods industries
_
do_._
52, 437
Retail trade, totalf
Durable goods stores
Nondurable goods stores

do
do
do

Merchant wholesalers total
do
Durable goods e s t a b l i s h m e n t ~ s I I I _ _ I _ I _ _ _ I d o ~
Nondurable goods establishments
do...

'267,354 '266,365 '267,967 '269,878 '271,846 '273,049 '275,244 '278,931 '280,546
146,671 146,574 147,030 147,328 148, 150 148,121 149,039 150,911 151,824
95, 953 95, 754 95, 664 95,696 96,193 96,133 96,579 97,616 97,826
50, 718 50, 820 51,366 51,632 51,957 51,988 52,460 53,295 53,998

'282,897 285,492
'152,773 154, 129
' 98,109 98, 804
' 54,664 55, 325

' 73, 851 ' 74, 676 ' 74,417 ' 75,981 ' 75,129 ' 74,676 ' 75,292 ' 76,243 ' 77,298 '78,102 ' 78,406 ' 79,375 ' 79,917 '81,118
' 34, 301 ' 34, 474 ' 34,453 ' 34,699 ' 34,668 ' 34,474 ' 34,479 ' 34,592 ' 35,231 ' 35,462 ' 35,547 ' 35,863 ' 36,523 ' 37,515
' 39, 550 r 40, 202 ' 39,964 ' 41,282 ' 40,561 ' 40,202 ' 40,813 ' 41,651 ' 42,067 ' 42,640 ' 42,859 ' 43,512 ' 43,394 ' 43,603
45, 115 45,625 45,715 45, 554 45, 115 45, 645 46,307 46,398 46,826 47, 799 48,645 48,805 '49,006
46,564
27, 476 27,369 27,566 27, 532 27, 476 27, 998 28,308 28,336 28,441 29, 107 29,430 29,585 ' 29,533
27, 779
17, 639 18,256 18,149 18, 022 17, 639 17,647 17,999 18,062 18,385 18,692 19,215 19,220 ' 19,473
18,785

81, 848
37, 822
44,026
49, 515
30, 062
19, 453

BUSINESS INVENTORY-SALES RATIOS
ratio

1.50

1.59

'1.54

1.53

'1.54

'1.51

'1.50

'1.48

'1.47

'1.46

'1.48

'1.48

'1.49

'1.49

1.51

do
do
do
do
do

1.65
2.06
.67
.91
.48

1.80
2.36
.79
1.00
.58

1.70
2.24
.73
.95
.56

1.68
2.21
.71
.94
.55

1.70
2.27
.73
.97
.56

1.67
2.19
.71
.94
.55

1.65
2.15
.70
.91
.53

1.62
2.09
.68
.89
.52

1.59
2.02
.66
.86
.50

1.58
2.01
.65
.86
.50

1.58
2.00
.65
.85
.50

1.60
2.01
.65
.86
.51

1.62
2.05
.66
.87
.52

1.62
2.03
.64
.87
.52

1.65
2.10
.66
.90
.54

_..do
do
do
do

1.19
.47
.19
.53

1.23
.48
.18
.56

1.16
.45
.18
.53

1.15
.45
.17
.53

1.15
.44
.17
.53

1.16
.45
.18
.53

1.15
.44
.18
.53

1.14
.44
.17
.52

1.14
.45
.17
.52

1.13
.44
.17
.51

1.15
.45
.18
.52

1.16
.46
.18
.53

1.17
.46
.18
.53

'1.18
.47
.18
.54

1.19
.47
.18
.54

do
~ An
do

'1.53
'2. 21
1.23

••1.51
'2.23
'1.18

'1.50
'2.23
'1.17

'1.52
'2.20
'1.21

'1.49
'2.17
'1.17

'1.44
'2.07
' 1. 15

'1.46
'2.06
'1.17

'1.45
'1.99
'1.18

'1.45
'2.02
'1.17

'1.45
'1.97
'1.20

'1.48
'2.04
'1.21

'1.47
'2.01
'1.20

'1.49
'2.06
'1.20

'1.48
'2.06
'1.20

1.52
2.18
1.20

1.13
1.45
.87

1.24
1.79
.84

1.21
1.72
.84

1.22
1.75
.84

1.23
1.74
.85

1.21
1.70
.83

1.20
1.67
.82

1.19
1.66
.83

1.19
1.67
.82

1.18
1.67
.82

1.21
1.70
.84

1.19
1.67
.83

1.20
1.69
.83

'1.21
'1.65
.86

1.20
1.67
.84

43,123

50, 679

4,346
4,390

4,711
4,673

4,211
4,152

4,797
4,355

4,156
4,424

4,431
4,592

5,161
4,838

5,108
5,008

5,316
5,111

5,765
5,618

5, 133 ' 5, 360
5,673 '5,891

5,506
5,545

_.do
981, 985 992, 687 90,068 90, 552 86, 312
Durable goods industries, total 9 A
do
512, 922 498, 325 45, 285 45, 491 42, 329
Stone, clay, and glass products
do
26, 690
2,424
26, 269
2,541
2,233
Primary metals A....
do""" 93, 673 77, 651 7,025
6,251
6,553
Blast furnaces, steel mills Ado
47, 424
40, 353
3,707
3,065
3,166
Nonferrous metals
doIIII 33, 248
24, 156
2,173
2,103
2,170
1
xvoviacu.
p Preliminary.
• Estimated.
Based on data not seasonally adjusted.
3
Advance estimate; total mfrs. shipments for Sept. 1976 do not reflect revisions for selected
components.
§ The term "business" here includes only manufacturing and trade; business
inventories as shown on p. S-l cover data for all types of producers, both farm and nonfarm.

82,693

83,362

91,827

96,180

95,287

94,864

99,510

87,504

Manufacturing and trade total t
Manufacturing, totalA
Durable goods Industries.A
Materials and supplies
Work in process
Finished goods
,
Nondurable goods Industries
Materials and supplies
Work in process
Finished goods. __
Retail trade, total eft
Durable goods stores
Nondurable goods stores

Merchant wholesalers, total
do
Durable goods establishments
II
do
Nondurable goods establishments
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales.
Durable goods industries:
Unadjusted, total
mil $
Seasonally adj., total
IlHI.do'. .11
Shipments (not seas, adj.), totalA




r QQ 4.8^1

98,761

249,168
40, 760 41, 265 46, 129 49,439 48, 766 49, 363 52,042 43, 746 47, 084 '50,161
2,448 2,615 2,362 ' 2, 625 2,655
2,414
2,016
2,209 2,467
1,966
2 7, 422
'
7,
741
7,457
6,997
8,206
7,467 7,913
5,876
6,554 6,910 7,602
3,800 4,057 4,290 3,702 ' 3, 812 3,941
3,050
3,529 3,587 3,999
2,620
'
2,
493
2,293
2,647 2,641
2,141 2,370 « 2, 461
1,907
1,957
Unadjusted data for manufacturing are shown below on pp. S-6 and S-7; those for wholesale
and retail trade on pp. S-ll and S-12.
t See corresponding note on p. S-12.
9 Includes data for items not shown separately.
t See note marked "cf" on p. S-4.
ASee corresponding note on p. S-4.
* Corrected.
cfSee note marked "t" on p. S-12.

SURVEY OF CURRENT BUSINESS

S-6
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

1974

1975

| 1975

Annual

November 1976

Sept.

Oct.

1976

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Shipments (not seas, adj.)— Continued
Durable goods Industries— Continued
Fabricated metal products
[Machinery except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments and related products
Nondurable goods industries, total 9
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
Shipments (seas, adj.), totalA
By Industry group:
Durable goods Industries, total 9 A
Stone, clay, and glass products. .
Primary metalsA
Blast furnaces, steel millsA
Nonferrous metals

mil. $.. 61,271
do
86, 572
do
66, 741
do
109, 521
do
72, 120
do
16, 053

61,550
89, 485
64, 388
110,991
73, 220
17, 176

5,677
7,660
5,807
10, 251
7,181
1,611

5,703
7,656
5,890
10, 808
7,530
1,598

5,191
7,255
5,684
9,852
6,742
1,549

5,152
7,413
5,471
9,229
6,106
1,565

5,106
7,162
5,298
9, 695
6,957
1,425

5,663
8,063
5,927
11,236
7,876
1,484

6,020
8,725
6,175
11,973
8,511
1,572

6,075
8,411
6,009
11, 942
8,391
1,536

6,256
8,331
5,987
11,961
8,409
1,566

6,446
8,833
6,379
12, 725
9,210
1,692

5,577
7,590
5,516
9,710
6,640
1,530

-6,000 6,123
' 7, 796 8,593
"6,090 6,581
10, 222 '11,104
' 7, 170 8,066
' 1, 646
1,758

211,151

do
do
do
do

469,063
156, 744
6,926
33,097

494, 362
166, 080
7,423
32, 941

44, 783
14, 872
582
3,209

45,061
14,805
637
3,273

43,983
14,258
723
3,177

41,933
13,867
651
3,026

42,097
13,726
615
2,971

45, 698
14, 302
604
3,266

46,741
14,596
659
3,521

46,521
14,425
623
3,192

45, 501
14,337
602
3,288

47,468
15,137
657
3,496

43,758 T' 46,399 48, 459
14,184 14,520 15, 513
617
••620
646
2,684 ' 3, 133 3,343

do
do
do
do

39, 812
81,377
56, 852
23,416

40, 376
85, 967
64, 649
23, 884

3,609
7,878
5,742
2,153

3,650
7,699
5,788
2,170

3,650
7,427
5,916
2,037

3,475
7,151
5,858
1,825

3,602
7,385
5,839
1,932

3,992
8,239
6,132
2,199

3,933
8,740
5,833
2,382

3,904
8,952
6,045
2,341

3,966
8, 379
5,946
2,284

4,116
8,376
6,305
2,320

3,699 ' 4, 042
7,272 ' 7, 767
6,344 r 6, 438
2,035 ' 2, 200

86,200

87,403

86,515

89,276

90,912

93,050

93,848

94,087

94,244

93,912 '94,524

93, 641

44, 570
2,329
6,775
3,590
2,058

45, 700
2,392
6,780
3,534
2,086

47, 546
2,469
7,140
3,737
2,236

47, 741
2,374
7,096
3,672
2,283

48, 321
2,352
7,595
3,927
2,485

48, 475
2,389
7,713
4,093
2,441

47, 779 r48, 338
2,399 2, 455
7,660 7,680
3,985 ' 3, 831
2,585 ' 2, 635

'47,035 247,198
2,482
'7,676 27,402
3,941
2,579

do

4,174
8,425
6,436
2,222

43,192
2,265
6,977
3,717
2,138

43,607
2,391
6,543
3,187
2,183

42,352
2,263
6,415
3,132
2,161

87,616
43,681
2,223
6,409
3,343
2,068

do
do
do
do
do
do

5,304
7,398
5,453
9,823
6,785
1,481

5,511
7,776
5,634
9,736
6,429
1,530

5,250
7,832
5,526
9,103
6,006
1,520

5,396
7,730
5,434
10,296
7,262
1,580

5,621
7,654
5,813
10, 268
7,071
1,585

5,735
7,723
5,878
10, 946
7,597
1,531

5,901
8,036
6,002
11, 658
8,353
1,570

5,994
8,077
6,194
11,614
8,117
1,566

6,228
8,129
6,208
11,387
8,009
1,571

6,021
8,028
6,011
11, 862
8,569
1,592

5,986 '5,914 5,725
8,310 ' 8, 314 8,310
6,040 r 6, 239 6,181
11,093 11, 172 ' 9, 829 210,053
7,859 ' 7, 987 6,796
1,641 r 1, 640
1,615

Nondurable goods Industries, total 9
do
Food and kindred products
do
Tobacco products. _
do
Textile mill products
do
Paper and allied products
do
Chemicals and allied products
do
Petroleum and coal products. ._ - . do
Rubber and plastics products
do

43,008
14,073
562
3,053
3,516
7,618
5,731
2,106

43,796
14,275
639
3,008
3,580
7,762
5,871
2,098

44,163
14,064
718
3,138
3,712
7,814
5,967
2,113

43,935
14,007
667
3,122
3,686
8,016
5,784
2,021

44,706
14,597
652
3,228
3,729
7,931
5,818
2,084

45, 212
14, 362
635
3,295
3,911
8,057
5,972
2,173

45,504
14,345
676
3,308
3,774
8,373
5,865
2,266

46,107
14,763
644
3,238
3,882
8,183
6, 084
2,214

45,766
14,532
595
3,362
3,995
7,867
6,037
2,215

45,769
14,724
610
3,293
3,938
7,893
6,186
2,170

46,133
14,776
604
3,134
3,928
7,896
6,406
2,204

Fabrlcated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
_
Motor vehicles and parts
Instruments and related products.

-do
do
do ___
do
do_.

By market category:
Home goods and apparel
do
Consumer staples .
do
Equipment and defense prod., excl. auto.. do
Automotive equipment..
do
Construction materials and supplies
do
Other materials and suppliesA
do
Supplementary series:
Household durables
.
do
Canitn.1 goods industries..
do
Nondefense .
do
Defense
.
do
Inventories, end of year or month:
Book value (unadjusted), total
Durable goods industries, total
Nondurable goods industries total
Book value (seasonally adjusted), total
By industry group:
Durable goods industries, total 9 ...
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills
Nonferrous metals

i 88, 368
i 201,977
i 135,032
i 86, 573
i 74, 522
i 406,215

7,883
17,067
11, 109
7,933
6,492
35,716

8,138
17,390
11,712
7,626
6,708
35,829

8,127
17,296
11,401
7,173
6,581
35,937

8,135
17,177
11,392
8,406
6,777
35,729

8,251
17,831
11,513
8,262
6,849
36,570

8,345
17, 717
11,716
8,849
7,052
37,233

8,372
17,854
11,943
9,673
7,298
37,910

8,617
18,230
12,169
9,457
7,335
38,040

8,879
17,923
12,198
9,262
7,433
38,392

8,303
18,157
11,959
9,728
7,327
38,770

8,303 ' 8, 475 8,685
18,154 17,895 18, 185
12,212 r 12,257 12, 242
9,138 r 9, 192
7,927
7,358 7, 461 7,387
38,747 39,244 39, 215

i 38, 873
1
147, 601
i1128, 725
18, 876

i 39, 368
i 150,739
i 130,347
i 20, 392

3,526
12,409
10,744
1,665

3,618
13, 044
11, 178
1,866

3,564
12, 713
10, 977
1,736

3,526
12,594
10,933
1,661

3,602
12,811
10, 959
1,852

3,652
13, 124
11,225
1,899

3,708
13, 380
11,495
1,885

3,776
13, 563
11,701
1,862

3,894
13, 589
11, 666
1,923

3,605
13, 492
11, 762
1,730

3,542
13, 632
11,918
1,714

149, 762
97, 198
52, 564

do

150, 404

do.
do
do
do
do

97, 967
3,721
11,861
5,747
4,369

By stage of fabrication:
Materials and supplies 9
do
Primary metals .
"do
Machinery (elec. and nonelec ) "do
Transp ortation equipment
do. _ _~

46,186 46, 506
' 14,626 14, 663
624
'598
3,183
'3,092
r
3, 996
4,064
' 7, 935 8,112
'r 6, 465
6,431
2, 198
2,178

1
87, 844
i 188, 087
i 1128, 361
87, 053
1
77, 174
'413,466

do
do
do

Fabricated metal products
do
Machinery, except electrical
do
Electrical machinery
""
do
Transportation equipment
do
Motor vehicles and parts
do
Instruments and related prod~ucts__do

r

11,793
21,552
14, 684
21, COO
6,697
4,329

147,458
145,037 145,646 146,101 146,177
95,167 95,625
95, 927 95,542 95,429 51,010
51,833
50,672
50,104
49, 110
146, 574 146,413 146,510 146,671 146,574 147,030
95, 754 96, 640 96,215 95,953 95,754 95,664
3,630 3,613 3,605 3,585 3,630 3,632
13, 924 13, 789 13,776 13,898 13,924 13,903
7,627
7,627 7,498
7,718
7,618
7,536
4,696 4,669
4,636
4,720 4,696
4,655
10, 979 11, 028 10,914 10,970 10,979 11,011
20, 988 21,713 21,503 21,105 20,988 20,976
13, 196 13, 212 13,245 13,237 13,196 13,168
21, 171 21, 357 21,300 21,368 21,171 21,113
5,987
5,917
6,002
5,978 5,917
5,991
3,830 3,850
3,830 3,835
3,818
3,817
146, 177
95, 167
51, 010

3,701 '3,931 2 3, 901
13, 810 '13,784 214,212
11,995 '11,949 212,218
1,815 '1,835 21,994

148,093 148,928 149,358 150,159 150.953 151,014 152,061 52, 607
96, 039 96,785 97,093 97,401 97,666 97,459 97,896 98, 062
52, 054 52,143 52,265 52,758 53,287 53,555 54,165 54, 545
147,328 148,150 148,121 149,039 150,911 151,824 152,773 54, 129
95, 696
3,576
13, 924
7,764
4,653

96,193
3,535
14,035
7,833
4,664

96,133
3,568
14,227
7,979
4,718

96,579
3, 610
14,442
8,186
4,704

97,616
3,654
14,674
8,410
4,697

97,826 98,109
3,711 ' 3, 794
14,847 r 14,936
8,570 8, 712
4,697 ' 4, 601

10, 958
20, 821
13, 136
21, 342
6,083
3,790

10,942
20,901
13,222
21,492
6,149
3,744

10,692
20,851
13,258
21,498
6,248
3,732

10,638
20,797
13,330
21,648
6,388
3,767

10,564
20,955
13,493
22,030
6,622
3,786

10,618 10,606 10, 900
20,870 20,997 21, 089
13,597 13,720 13, 724
21,860 r21,612 21,612
6,503 6, 021 6,089
3,825 '3,867 3,895

98, 804
3,779
15, 085
8,783
4,607

33, 393
5,408
11,277
4,866

30, 796
6,237
10, 161
4,490

31,370
6,244
10, 551
4,696

31,072
6,238
10,393
4,600

30,980
6,333
10,228
4,640

30,796
6,237
10,161
4,490

31,176
6,384
10,200
4,484

31, 148
6,438
10, 081
4,565

31,418
6,527
10,068
4,601

31,175
6,575
10,048
4,606

31,335
6,598
10,078
4,737

31,539
6,675
10,019
4,983

31,512 31,134
6,608 ' 6, 497
10,061 10,157
4,907 ' 4, 466

31, 302
6,617
10, 050
4,352

41,506
3,728
15, 887
14, 247

41, 031
4,330
14, 657
14, 742

41, 177
4,288
14, 878
14, 713

41,175
4,267
14, 913
14,784

41,140
4,279
14,706
14,851

41,031
4,330
14,657
14,742

40,779
4,278
14,572
14,695

40, 805
4,278
14, 438
14, 875

40,931
4,310
14,508
14,955

41,040
4,411
14,550
14,937

41.132
4,597
14,503
14,903

41,524
4,682
14,670
14,994

41,601 41,916
4,773 ' 4, 893
14,644 14,657
14,913 15,095

42, 186
4,835
14, 780
15, 275

Finished goods 9 .
do
Primary metals
do
Machinery (elec. and nonelec ) do
Transportation equipment
do""

23, 068
2,725
9,072
1,887

23, 927
3,357
9,366
1,939

24,093
3,257
9,496
1,948

23,968
3,271
9,442
1,916

23,833
3,286
9,408
1,877

23,927
3,357
9,366
1,939

23,709
3,241
9,372
1,934

23, 743
3,208
9,438
1,902

23,844
3,198
9,547
1,936

23,918
3,241
9,511
1,955

24,112
3,247
9,546
2,008

24,553
3,317
9,759
2,053

24,713 r25,059 25, 316
3,466 3, 546 3,633
9,762 * 9, 903 9, 983
2,040 r 2, 051 1,985

Nondurable goods industries, total 9 do
Food and kindred products
"do """
Tobacco products
do
Textile mill products
do
Paper and allied products
Ido ""
Chemicals and allied products "do
Petroleum and coal products
"do
Rubber and plastics products
do
By stage of fabrication:
Materials and supplies .
do
Work in process
do
Finished goods
do

52, 437
12, 425
2,950
4,812
4,737
10, 605
3,925
3,267

50, 820
11, 738
3,255
4,589
4,552
10, 861
4,313
2,989

49, 773
11,362
3,113
4,384
4,573
10, 783
4,212
2,941

50,295
11,687
3,262
4,473
4,571
10,750
4,242
2,964

50,718
11,909
3,248
4,610
4,573
10,836
4,301
2,925

50,820
11,738
3,255
4,589
4,552
10,861
4,313
2,989

51,366
11,858
3,244
4,681
4,684
11,037
4,321
3,053

51, 632
11, 774
3,371
4,709
4,686
11, 039
4,378
3,036

51,957
11,846
3,360
4,658
4,738
11,138
4,388
3,030

51,988
11,845
3,331
4,678
4,747
11,088
4,290
3,032

52,460
11,839
3, 396
4,728
4,799
11,214
4,361
3,022

53,295
11,968
3,419
4,750
4,866
11,365
4,558
3,009

53,998 54,664 55, 325
12,313 r 12,628 12, 728
3, 511 3,556
3,445
4,953
4,814 '4,912
4,882 ' 4, 989 4,993
11,599 11,768 11,949
4,582 ' 4, 560 4,687
2,975 2,954 3,000

20, 727
19, 671 19, 203 19,657 19,526
8,044
7,722
7,751
7,639 7,635
23, 666
23, 398 22, 931 23,003 23,470
r
2
Revised.
i Based on data not seasonally adjusted.
Advance estimate; total mfrs.
shipments for Sept. 1976 do not reflect revisions for selected components.
9 Includes data

19,671
7,751
23,398

19,892
7,830
23,644

20, 022
7,905
23, 705

Work in process 9
Primary metals...
Machinery (elec. and nonefec.)
Transportation equipment




do
do
do
do

20,363
7,944
23,650
for items not shown separately.

20,272 20,616 20,935 21,257 21,513 21, 687
8,294 ' 8, 371 8,487
8,236
8,069
8,057
23,659 23,775 24,124 24,447 24,780 25, 151
ASee corresponding note on p. S-4.

SURVEY OF CURRENT BUSINESS

November 1976
1974

Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS

1975

1975

Annual

S-7

Sept.

Oct.

1976

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS-Continued
Inventories, end of year or month— Continued
Book value (seasonally adjusted)— Continued
By market category:
Home goods and apparel
mil. $..
Consumer staples _ _ __
do
Equip, and defense prod., excl. auto
do
Automotive equipment
do
Construction materials and supplies
do
Other materials and supplies
do
Supplementary series:
Household durables
do
Capital goods industries
do
Nondefense
do
Defense
.
do
New orders, net (not seas, adj.), totaJA
Durable goods industries, totalA
Nondurable goods industries, total

do
do
do

Nondurable goods industries total
Industries with unfilled orders©
Industries without unfilled orders^
By market category:
Home goods and apparel
Consumer staples
Equip, and defense prod., excl. auto
Automotive equipment..
__ _ _
Construction materials and supplies
Other materials and suppllesA.- Supplementary series:
Household durables
__ _ ..
Capital goods industries
Nondefense
Defense

12,835
19,264
37, 861
7,436
12,639
56,539

12,456
19,010
38,723
7,556
12,721
55,947

12,565
19,463
38,466
7,549
12,558
55,909

12,691
19,525
38,238
7,498
12,560
56,159

12,835
19,264
37,861
7,436
12,639
56,539

12,710
19,466
37,711
7,495
12,704
56,944

12,840
19,527
37,695
7,582
12,605
57,079

13,251
19,604
37,848
7,684
12, 603
57, 160

13,391
19,502
37, 744
7,748
12,425
57,311

13,509
19,532
37,555
7,905
12,509
58,029

13,847
19,663
37,902
8,149
12,448
58,902

13,891
20,107
37,870
7,966
12,570
59,420

' 13,984
' 20,513
*r 38,120
7, 498
•• 12,692
' 59,966

14, 065
20, 766
38, 214
7,616
12, 948
60, 520

7,522
42,482
35, 939
6,543

6,430
42,462
34,656
7,806

6,247
43,232
35,545
7,687

6,325
43,022
35,292
7,730

6,361
42,869
35,045
7,824

6,430
42,462
34,656
7,806

6,212
42,310
34,668
7,642

6,253
42,350
34,505
7,845

6,456
42, 483
34,401
8,082

6,439
42,426
34, 261
8,165

6,496
42,371
34,099
8,272

6,666
42,668
34,195
8,473

6, 693
42,583
34,029
8,554

' 6, 771
' 42,985
•• 34,391
' 8, 594

6,755
42, 958
34, 397
8,561

1,002,135 976,209 88,838
534,027 480, 580 ' 43.207
468, 106 495, 616 44,928

89,252
43,933
45,319

85,649
41,446
44,203

81,877
40,032
41,845

82, 929
40, 616
42,313

91, 998
46,139
45,859

96, 943
50, 156
46,787

95,623
48, 896
46, 727

94,457 100,246 ' 89,073 ' 93,126 98, 017
48, 896 52,935 ••45,377 46, 909 ' 49,292
45,561 47,311 43,696 ' 46,217 48, 476

2 1,002,135 2 976,209

85,482

86,336

86,351

86,754

88,083

90,201

93,389

94,090

95,378

95,596 ' 94,204 ' 94,143

534,027
97, 233
49,036
33, 855

480,580
71, 112
35, 922
23,399

42,256
6,294
3,168
2,165

42,307
6,579
3,334
2,161

41,988
6,472
3,272
2,177

42,837
6,657
3,695
2,068

43, 177
6,615
3,770
1,949

44,975
6,678
3,434
2,123

47, 895
7,397
3,830
2,447

47, 790
7,238
3,634
2,478

49, 565
8,805
4,985
2,651

49, 926
8,075
4,305
2,597

do
do
do
do
do

65,824
94, 070
67,646
113, 431
27, 322

59,524
84, 973
62,376
108,466
24,154

5,196
7,120
5,144
9,982
1,885

5,282
7,425
5,510
9,371
2,041

5,302
7,629
5,595
8,741
2,077

5,163
7,118
4,941
10,477
2,105

5,405
7,363
5,860
9,514
1,512

5,575
7,404
6,043
10,601
1,695

5,519
7,650
6,096
12,405
2,755

5,788
8,064
6,396
11,521
1,719

6,094
8,033
6,618
11, 284
2,135

6,075
6,250
7,992
8,639
5,936
6,657
11,918 10,884
2,089 ' 1, 443

do
do
do

468,106
110, 046
358,060

495, 616
113, 539
382, 077

43,226
10,166
33,060

44,029
10,295
33,734

44,363
10,492
33,871

43,917
10,138
33,779

44,906
10,597
34,309

45,226
10,711
34,515

45, 494
10,648
34,846

46,300
10, 958
35,342

45,813
10,954
34,859

45,670
10,691
34,979

2
88, 371
287,313
2 188,082 22 202,024
130,784
139,226
2
2
86, 755 2 85, 336
72, 896
2 80, 740
2
420,017 2 396,766

7,934
17,078
10,961
8,004
6,309
35,196

8,138
17,378
10,870
7,491
6,452
35,795

8,164
17,295
11, 409
6,951
6,642
35,890

8,108
17,187
10,733
8,536
6,822
35,368

8,249
17,866
10, 581
8,480
6,755
36,152

8,287
17,701
11, 344
8,845
6,938
37,086

8,448
17, 852
11, 513
9,950
6,719
38,907

8,610
18, 226
12,403
9,479
7,074
38, 298

8,863
17,922
12,289
9, 373
7,298
39,633

8,442 ' 8, 502
8,306
8,533
18, 173 18,185 ' 17,921 18, 204
12,968 ' 12,152 ' 12,215 12, 255
9,141 ' 9, 265 7,907
9,796
7,546 * 7, 456
7,306
7,333
38,738
39,047
' 38,784 39, 228

2 38, 411 22 39, 314
160,802 144,343
137,933 2 123,137
2 22, 869 2 21, 206

3,555
12,205
10, 214
1,991

3,629
11, 885
10, 689
1,196

3,619
12, 440
10, 690
1,750

3,492
11,657
10,156
1,501

3,588
11, 741
10, 351
1,390

3,601
3,755
12, 494 13, 617
10,710 •10,984
1,784
2,633

3,759
13, 623
11,530
2,093

3,889
13,614
11, 664
1,950

3,627
3,636
14, 352 '13, 633
"12,
644
11,835
989
2,517

New orders, net (seas, adj.), totalA
do
By industry group:
Durable goods industries, total 9 A
do
Primary metalsA
- - - - do
Blast furnaces, steel millsA
-do
Nonferrous metal^
do
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Aircraft missiles and parts

14,900
19,530
37, 967
8,475
13, 195
56,337

do
do
do
do
do
do
do
do
do
do

Unfilled orders, end of year or month (unadjusted),
totalA-- .
mil $
Durable goods industries, totalA
do
Nondur. goods ind. with unfilled orders®
do
Unfilled orders, end of year or month (seasonally
adjusted), totalA--. mil $
By industry group:
Durable goods industries, total 9 A
do
Primary metalsA _ _ .. .
do
Blast furmices, steel millsA-_
do
Nonferrous metals
do
Fabricated metal products
do
Machinery, except electrical
do
Electrical machinery
do
Transportation equipment
do
Aircraft, missiles, and parts.
do
Nondur. goods ind. with unfilled orders®. _do
By market category:
Home goods, anparel, consumer staples do
Equip, and defense prod., incl. auto
do,
Construction materials and supplies """do
Other materials and suppliesA
do
Supplementary series:
Household durables
do
Capital goods industries
dc
Nondefense..do
Defense...
do

2

2
2

136,226
132,444
3,782

1

49, 875

93, 460

48,122 48, 051 ' 46,648 i 48, 044
7,662
7,264 '7,462
i 7, 101
3,944 ••3,511
3,644
2,621 •• 2, 521
2,689

' 5, 909 5,826
' 8, 155 8,232
5,891
••6,311
11, 305 '9,912
' 2, 072 2,514

i 10, 667

46,082 ' 46,092 46,611
10,698 ' 10,711 11, 159
35,384 ' 35,381 35, 452

3,733 r 3, 788
14,007
13, 742 ' 13, 553 115,247
11,779 «• 12,085 i 12,566
1,963 '1,468 i 2, 681

119, 739 122,519 121,217 120,557 119,739 119,309 119,487 120,251 120,578 120,175 120,907 ••122,480 ••122,125 121, 376
114, 698 117,868 116,306 115,426 114,698 114,050 114,063 114,782 114,902 114,436 115,329 ••116,961 116, 788 r 115,918 i 116,625
5,519 •• 5, 337
5,041
5,578
5,739
5,354
5,424
5,676
5,131
4,651 4,911
5,041
5,259
5,469
f
120,659 119,468 118,757 119,093 119,340 120,624 121,974 !22,271 "121,885 121, 700

137,328

120, 659

122,761 121,697 121,530

133,440
20, 698
13, 751
3,411

115, 494
14, 084
9,287
2,629

118,004 116,710 116,342 115,494
13,740 13,778 13,836 14,084
8,935
8,647
9,287
8,795
2,705
2,700
2,629
2,684

114,101 113,374 113,722
13, 920 13, 817 14, 074
9,455
9,362
9,463
2,768
2,557
2,521

19,710
29, 592
20, 575
34, 375
21, 487
3,888

17,686
25,044
18, 564
31, 848
20, 639
5,165

18,097
26,209
19,112
32,396
20,529
4,757

17,867
25,859
18,989
32, 033
20, 471
4,987

17,919
25,656
19,057
31,668
20,490
5,188

17, 686
25,044
18,564
31,848
20,639
5,165

17,470
24,755
18,612
31,093
20, 145
5,367

17,310
24,435
18,778
30, 749
19, 619
5,383

16, 927
24, 049
18, 874
31, 497
20, 225
5,371

16, 722
24,039
19,076
31, 404
19,657
5,562

16,587
23,942
19,486
31, 300
19,600
5,609

16,642 16,906
23,908 24, 237
20,131 20,028
31, 354 31,147
19,520 ' 18,922
5,460
5,509

2,317
65, 981
17, 773
51, 257

2,384
60,437
16, 110
41, 728

2,382
61,945
16,262
42,172

2,367
60,970
16,006
42,141

2,404
60, 967
16,066
42,093

2,384
60,437
16,110
41,728

2,421
59, 723
16,016
41,308

2,347
59, 348
15,901
41,161

2,417
59, 199
15, 322
42, 155

2,407
59,456
15,063
42, 414

2,389
59,656
14,928
43,651

2,407
2,579 ' 2, 630
60,734 * 60,680 r 60,708
14,908 15,095 rr 15,090
43,925 43,917 43,457

1,769
74, 930
50,318
24, 612

1,731
68, 427
43, 024
25, 403

1,701
70, 589
44, 578
26,011

1,710
69, 429
44, 090
25,339

1,765
69, 367
43, 801
25, 566

1,731
68,427
43,024
25,403

1,720
67, 357
42, 415
24, 942

1,668
66, 729
41, 902
24, 827

1,712
66, 969
41, 395
25, 574

1,698
67, 030
41, 225
25, 805

1,692
67, 052
41,221
25, 831

1,723
67, 912
41, 292
26, 620

1,809
67,916
42,020
25,896

i 1,804
1,841 ' 1,697
67, 845 ' 67,612 i 68, 648
41, 802 r 41,936 i 42, 287
26, 043 ' 25,676 i 26, 361

319, 149

328,781

27,283
29,364

29, 934
29, 517

24, 400
29, 184

30, 021
30, 261

30,315
29,604

27,119
28, 973

35, 083
30,910

32,714
29,876

29,210
28, 637

33, 938
31, 600

31, 469
30, 114

30, 585
32, 746

113,778 115,015 116, 465 116,811 116, 522 r 116,133 i 116,988
14, 216 15, 424 15, 785 15, 787 r 15, 372 ' 15, 157 i 14, 858
9,418 10,476 10,687 10, 647 10,327 10, 029
3,319 •• 3, 205
3,315
3,127
2,962
3,283
••r 16,901
24,078
' 20,098
31,
280
r
18,969
' 5, 363

17, 002
24, 000
19, 806
r
31,365
19,410
5,467

131,979

2,495
60, 702
15, 035
43, 468

BUSINESS INCORPORATIONSG
New Incorporations (CO States and Dist. Col.):
Unadjusted
number
Seasonally adjusted
_.
do

INDUSTRIAL AND COMMERCIAL
FAILURES©
Failures, total
number
798
965
775
867
835
9,915
756
689
801
888
11, 432
886
853
987
Commercial service
do
132
108
111
105
107
130
108
107
1,320
121
131
1,637
164
117
Construction
do
130
136
158
188
151
150
119
1,840
166
2,262
138
167
152
186
Manufacturing and mining _ . _ .
do
127
121
92
114
109
118
100
124
109
144
1,557
1,645
121
140
Retail trade
do
358
434
408
326
284
4,234
309
353
351
374
4,799
358
411
365
Wholesale trade
do
75
964
90
84
90
106
89
82
88
1,089
87
93
105
79
Liabilities (current), total
thous. $ 3,053,137 4,380,170 205,526 1,295,393 252, 868 136, 881 257, 071 211,762 247, 653 206,420 233, 284 373, 635 305, 552 263, 965
Commercial service
do
348, 166 475, 485 20, 803 43,711 15, 756 29, 591 29, 263 32, 144 27, 034 28, 952 41,767 179, 643 21, 928 25, 066
Construction
do
526, 598 640, 845 31,918 54, 648 28, 756 19, 206 42, 933 34, 873 37, 342 32, 244 39,003 61, 184 23, 028 23, 838
Manufacturing and mining
do
833, 824 1,020,609 49, 124 92, 736 120, 243 41,214 71, 485 52, 958 105, 665 60,251 61,910 57, 417 206, 547 120, 800
Retail trade... .
do
1,069,656 1,835,908 84, 673 1,083,690 55, 134 30, 643 89, 535 58, 004 43, 577 39, 219 42, 831 44, 955 40, 285 47, 966
Wholesale trade
do
274, 893 407, 323 19, 008 20, 608 32, 979 16, 227 23, 855 33, 783 34,035 45, 754 47, 773 30, 436 13, 764 46,295
Failure annual rate (seasonally adjusted)
2
No. per 10.000 concerns
32.7
31.2
35.4
35.0
35.7
238.4
35.4
38.2
42.6
42 2
36.3
44.9
37.0
36.9
l
fnr <?eIiSie$7c A "Prelimiriar yAdvance estimate; totals for mfrs. new and unfilled orders
f For these industries (food and kindred prod., tobacco mfs., apparel and other textile
lor bept. 1976 do not reflect revisions for selected components.
* Based on unadjusted data.
prod, petroleum and coal prod., chem. and allied prod., rubber and plastics prod.) sales are
or i ^ ataforHawaii considered equal to new orders.
O Compiled by Dun & Bradstreet, Inc. (failures data
Vine udes data for items not shown separately.
for 43 States and Dist. of Col.; Hawaii included beginning July 1975).
inn ,£«ii * tex,tlle mil1 P rod -» leather and prod., paper and allied prod., and print, and pub.
ASee corresponding note on page S-4.
' Corrected.
ind.. unfilled orders for other nondurable goods are zero.
f
»
*>
v
^
H
&
^b




SUKVEY OF CUKKENT BUSINESS

S-8
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS

1974

1975

1975

Annual

November 1976

Sept.

Oct.

1976

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS*
Prices received, all farm products
1910-14=100..
Crops9
do
Commercial vegetables
_
do
Cotton
. do
Feed grains and hay
_
do
Food grains
do
Fruit
.
do
Tobacco
do
Livestock and products 9
do
Dairy products
-_
do
Meat animals
do
Poultry and eggs
do
Prices paid:
All commodities and services
do
Family living items
do
Production items
do
All commodities and services, interest, taxes, and
wage rates (parity Index)
1910-14=100..
Parity ratio §
do. .
CONSUMER PRICES
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
All Items.
1967=100..
Special group indexes:
All items less shelter
.
_ do
All items less food
do
All Items less medical care
do
Commodities
..
do
Nondurables .
do
Nondurables less food.
do
Durables
_
_
do. ._
Commodities less food.
do
Services
do
Services less rent
do
Food 9
.
d
o
Meats, poultry, and
fish
do
Dairy products
do
Fruits and vegetables
..
do
Housing
_
. .
do
Shelter 9
do
Rent
. .
do _.
Homeownership
do
Fuel and utilities 9
do
Fuel oil and coal
do
Gas and electricity
..
do
Household furnishings and operation., do. _.
Apparel and upkeep
do
Transportation
. .
do
Private
do
New cars
do
Used cars.
.
_ do ..
Public
do
Health and recreation 9
.
do
Medical care
do
Personal care
_ .
do
Reading and recreation ..
do
Seasonally Adjusted H
All items, percent change from previous month
Commodities...
1967—100
Commodities less food
do
Food
do
Food at home
do
Fuels and utilities
do
Fuel oil and coal
do
Apparel and upkeep..
do
Transportation .
do
Private
do
New cars
do
Services
do

481
504
403
433
423
529
319
821
454
510
553
214

463
453
465
348
400
426
318
900
473
535
567
235

497
472
440
399
409
464
351
918
521
564
636
256

487
456
440
420
392
453
318
'917
519
593
628
246

461
425
467
420
357
407
297
874
499
611
576
251

464
424
493
422
361
389
300
871
505
630
582
251

466
428
494
421
369
389
286
874
503
624
583
246

468
433
444
420
375
410
295
874
503
599
595
244

463
436
472
425
378
399
313
874
489
594
579
229

473
434
468
424
373
391
318
875
512
580
631
225

477
446
403
482
398
384
313
877
508
564
624
233

490
475
433
574
412
384
289
877
505
557
625
228

488
483
439
603
421
375
271
850
492
576
588
235

468
453
440
510
394
336
310
923
482
596
557
241

'468
'480
'468
'545
394
'326
'296
981
'474
'604
538
239

446
439
514
528
360
297
348
948
453
612
501
228

485
484
482

5?3
533
528

549
542
548

543
543
538

542
547
535

544
547
538

557
550
555

562
550
561

564
555
564

570
557
570

568
557
568

575
561
576

577
565
578

574
567
573

574
569
571

571
572
566

564
86

615
76

631
79

629
'77

628
74

630
74

645
72

649
72

652
71

656
72

656
73

663
74

665
73

663
71

662
'71

659
68

147.7

161.2

163.6

164.6

165.6

166.3

166.7

167.1

167.5

168.2

169.2

170.1

171.1

171.9

172.6

173.3

146.1
143.7
147.7
145.6
151.0
140.9
130.6
136.6
152.1
156.0
161.7
163.9
151.9
165.8
160.6
154.4
130.6
163.2
150.2
214.6
145.8
140.5
136.2
137.7
136.6
117.5
122.6
148.0
140.3
150.5
137.3
133.8

159.1
157.1
160.9
158.4
163.2
151.7
145.5
149.1
166.6
171.9
175.4
178.0
156.6
171.0
166.8
169.7
137.3
181.7
167.8
235.3
169.6
158.1
142.3
150.6
149.8
127.6
146.4
158.6
153.5
168.6
150.7
144.4

161.6
159.5
163.2
160.8
165.4
153.8
148.2
151.4
169.1
174.6
177.8
190.3
156.3
167.4
168.9
171.6
138.4
183.9
170.9
238.7
174.0
160.1
143.5
155.4
153.9
126.5
156.6
169.5
155.4
172.2
152.1
146.0

162.6
160.4
164.1
161.7
166.4
154.6
148.9
152.2
170.1
175.7
179.0
192.9
159.4
165.5
169.8
172.5
139.3
184.8
172.0
243.3
174.2
160.9
144.6
156.1
154.8
129.9
156.5
168.8
156.3
173.5
152.9
146.6

163.4
161.5
165.2
162.2
167.1
155.1
149.2
152. 6
172.0
177.7
179.8
191.4
162.8
168.7
171.3
174.1
139.9
186.8
174.4
246.5
176.8
161.6
145.5
157.4
156.1
131.3
153.7
168.9
156.5
173.3
153.6
147.0

164.1
162.1
165.8
162.7
167.6
155.4
149.3
152.8
173.1
179.0
180.7
189.2
165.5
172.1
172.2
175.0
140.6
187.8
176.1
248.7
179.0
162.0
145.2
157.6
156.2
134.0
149.6
170.1
157.5
174.7
154.6
147.5

164.4
162.6
166.2
162.4
167.3
154.7
149.0
152.3
174.9
181.0
180.8
186.5
168.2
173.3
173.2
175.9
141.2
188.8
176.3
248.9
179.5
163.7
143.3
158.1
156.8
134.2
144.6
170.2
158.6
176.6
155.7
148.2

164.9
163.4
166.5
162.3
167.2
155.2
149.3
152.7
176.1
182.2
180.0
183.0
168.5
173.2
173.8
176.0
142.1
188.6
177.9
249.4
181.9
165.2
144.0
158.5
157.2
134.3
144.9
170.4
159.7
178.8
157.0
148.5

165.3
164.2
166.8
162.3
166.7
155.5
150.4
153. 3
177.2
183.4
178.7
180.2
167.9
173.6
174.5
176.3
142.7
188.7
178.9
247.6
183.7
166.6
145.0
159.8
158.5
134.5
150.9
172.3
160.6
180.6
157.4
149.0

166.1
165.0
167.4
163.1
167.2
156.0
151.9
154.2
177.7
184.0
179.2
178.0
167.9
179.0
174.9
176.6
143.2
188.9
179.3
246.6
184.4
167.4
145.7
161.3
160.1
134.4
159.4
172.4
161.4
181.6
158.3
149.5

167.1
166.0
168.4
164.2
168.2
157.0
153.5
155.5
178.4
184.7
180.0
181.2
167.4
176.4
175.6
177.3
143.8
189.6
180.2
246.2
186.1
167.9
146.8
163.5
162.5
134.5
167.8
172.4
162.1
182.6
158.9
150.3

168.1
167.0
169.4
165.2
169.0
157.9
154.7
156.5
179.5
185.8
180.9
182.7
167.9
176.7
176. 5
178.2
144.4
190.7
181.7
247.3
187.9
168.5
146.9
165.9
165.0
134.5
173.4
173.6
162.8
183.7
159.8
150.9

169.0
167.9
170.3
166.0
169.7
158.1
155.8
157.1
180.7
187.2
182.1
184.0
168.0
177.3
177.5
179.5
145.0
192.2
182.5
248.1
189.6
168.9
146.5
167.6
166.8
134.4
177.5
174.4
163.7
185.5
160.5
151.2

169.7
168.9
171.1
166.6
170.4
159.1
156.4
158.0
181.8
188.4
182.4
181.5
169.0
178.3
178.4
180.6
145.6
193.4
183.7
249.3
190.3
169.1
148.1
168.5
167.8
134.4
179.6
174.6
164.4
186.8
161.6
151.4

170.4
170.0
171.7
167.0
170.7
160.4
156.9
158.9
183.2
189.8
181.6
179.3
171.1
170.8
179.5
181.5
146 2
194.' 4
185.1
250.8
192.2
170.2
150.2
169.5
168.6
134.2
180.1
176.9
165.3
187.9
162.8
152.8

171.0
170.8
172 .4
167.4
171.0
161.0
157.8
159.6
184.1
190.8
181.6
174.8
172.7
175.5
180.1
182.0
146.9
194.8
186.5
253.1
193.9
170.9
150.9
170.9
170.2
139.1
179.9
177.4
166.1
188.9
163.9
153.5

0.4
160.6
151.2
178.0
178.4
172.5
246.2
142.8
155.5
154.0
129.0
169.0

0.6
161.5
151.7
179.6
180.2
173.8
249.1
143.2
155.9
154.6
129.5
170.0

0.6
162.2
152.2
180.6
181.2
175.1
248.1
143.6
157.4
156.1
130.5
171.7

0.5
162.9
152.8
181.6
182.1
176.3
247.5
144.1
158.3
157.0
133.4
172.8

0.4
163.1
153.1
181.2
181.4
175.6
244.0
145.0
158.7
157.4
133.1
174.7

0.1
162.7
153. 5
179.4
178.6
176.1
242.6
145.0
160.1
158.9
133.8
176.0

0.2
162.4
153.9
177.9
176.5
177.5
242.3
145.4
160.8
159.5
134.2
177.2

0.4
163.1
154.4
178.9
177.7
177.9
243.0
145.8
161.8
160.6
134.3
178.0

0.6
164.3
155.3
180.6
179.5
179.3
244.2
146.5
163.2
162.0
134.8
178.8

0.5
164.9
156.0
181.0
179.8
181.7
247.8
146.9
164.6
163.7
134.6
179.9

0.5
165.6
156.9
181.2
179.8
183.4
251.1
147.8
166.1
165.1
134.7
181.0

0.5
166.4
157.9
181.8
180.3
185.0
255.7
149.1
167.5
166.8
135.3
182.0

0.4
166.8
158.5
181.8
180.1
186.8
258.6
149.5
169.7
168.6
136.8
183.0

0.3
167.3
159.1
182.3
180.7
188.6
259.1
149.4
170.7
170.0
138.7
184.0

189.7
203.3
180.6
178.7

190.4
200.5
183.6
179.3

193.2
202.9
186.6
179.3

196.0
200.0
193.2
179.6

202.3
204.3
200.9
181.3

202.8
202.7
202.7
181.8

207.4
210.6
205.2
183.1

216.0
218.8
214.1
184.3

206.9
202.9
209.6
183.7

203.1
198.5
206.2
184.7

196.5
189.2
201.6
185.2

201.3
182.6
168.5
168.5
168.0

201.2
183.7
168.7
168.3
169.5

199.5
184.5
168.2
167.4
169.9

199.1
185.6
167.9
166.8
170.5

205.3
186.8
169.0
168.0
171.1

205.7
187.5
169.3
168.4
171.3

210.2
188.9
169.8
168.8
172.0

211.8
190.4
170.5
169.5
172.6

205. 9
190.8
170.0
168.6
173.1

206.4
192.4
170.7
169.2
174.2

204.0
192.6
172.2
169.9
177.4

WHOLESALE PRICESd"
(17. S. Department of Labor Indexes)
Not Seasonally Adjusted
Spot market prices, basic commodities:
191.7
206.3 201.4
22 Commodities
1967=100
i 227. 9 i 198. 2
233.2 210.1
9 Foodstuffs
do
i 243. 2 i 227. 3 242.8
179.8
181.9
184.2
13 Raw industrials
do
i 219. 0 i 180. 4
178.2
178.9
177.7
All commodities
_
.
do
174.9
160.1
By stage of processing:
199.8
206.8
207.5
196.9
196.1
Crude materials for further processing
do
182.3
182.2
181.0
180.0
162.9
Intermediate materials, supplies, etc . do
168.0
168.0
166.2
163.4
147.5
Finished goodsO
do
168.1
168.3
163.6
166.7
149.3
Consumer finished goods
do
167.4
166.5
164.0
162.5
Producerfinishedgoods
. . do . . . 141.0
By durability of product:
168.8
168.2
166.5
165.8
150.1
Durable goods
do
185.3
186.9
186.1
181.7
167.6
Nondurable goods .
do
174.4
174.5
173.0
171.1
154.1
Total manufactures
do__168.8
168.2
166.2
165.6
148.6
Durable manufactures
do...
180.1
181.0
179.9
176.6
159.5
Nondurable manufactures _
do _
' Revised.
^Preliminary.
1 Computed by BEA.
J Data revised back to 1965 to
reflect new base weights; comparable data for earlier periods will be shown later.
9 Includes data for items not shown separately.
§ Ratio of prices received, to prices paid (parity




178.1
176.9
176.3
175.1
174.2
171.7
172.7
173.8
170.8
169.4
189.4
188.4
190.1
189.0
187.3
186.7
184.9
184.6
185.7
185.8
180.8
179.7
179.7
178.7
177.6
176.0
175.6
177.0
175.3
174.7
177.7
176.4
175.6
174.6
173.6
171.4
172.3
173.1
170.7
169.4
183.5
182.7
183.7
182.7
181.3
179.4
179.6
180.7
179.9
180.1
factors,
seasonal
ect
new
57)
to
refl
ick
to
19(
vised
(b
e
been
re
Data
hav
indes ).
11
(3
actu£il wholes ale price 3 of indi\adual co mmoditi 3S see respective c ommodi ties.
to us ers, inol. raw fooc Is and fu els.

179.7
188.9
181.5
179.7
182.8

cf For
Goods

SURVEY OF CURKENT BUSINESS

November 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS

1974

1975

1975

Sept.

Annual

S-9

Oct.

1976
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

COMMODITY PRICES—Continued
WHOLESALE PRICES^— Continued
(U.S. Department of Labor Indexes)— Continued
All commodities— Continued
Farm prod., processed foods and feeds. 1967 =100..
Fruits and vegetables, fresh and dried-do

Fruits and vegetables, processed

Chemicals and allied products 9

Fuels and related prod., and power 9
Petroleum products, refined...
Furniture and household durables 9

Hldes, skins, and leather products 9

Machinery and equipment 9

do

do

do
do
do-..

do

do

Construction machinery and equip

do

Metalworking machinery and equip

do

Clay prod., structural, excl. refrac

do

Paper

do

Textile house furnishings

do

Transportation equipment 9 ...Dec. 1968=100

177.4
187.7
192.3
257.9
157.4
170.6

184.2
186.7
183.7
223.9
189.8
187.9

190.4
197.1
182.6
232.9
203.9
209.9

190.5
197.3
183.3
227.4
210.8
207.8

186.1
191.7
179.0
207.9
203.7
193.4

186.0
193.8
190.3
205.5
181.3
191.6

184.6
192.8
194.8
210.5
169.0
184.7

182.0
191.0
192.6
214 3
173. 1
179.5

180.3
187.2
184.5
217.8
182.6
170.7

183.7
192.9
195.0
209.0
165.4
192.3

184.9
192.6
179.0
213 5
174.3
186.9

187.5
196.5
160.8
225.1
174.9
185.1

188.1
196.9
164.7
224.3
184.0
175.9

181.7
189.3
159.3
207.6
179.0
166.2

182.7
191.8
180.2
205.5
164.9
161.6

179.4
186.6

170.9
140.7
171.2
146.4
154.6
163.5

182.6
162.4
178.0
155.8
169.8
191.0

186.1
162.5
177.0
160.8
168.4
209.8

186.2
165.1
177.6
165.6
169.3
210.4

182.6
165.1
177.0
168.1
169.0
200.8

181.0
165.4
174.6
171.3
168.5
198.1

179.4
165.1
174.7
169.7
167. 6
193.2

176.4
167.0
175.1
163.4
166.7
186.1

175.8
167.0
174.5
166.7
166.5
180.6

178.0
169.3
172.8
167.7
167.1
189.2

179.9
172.3
173.4
167.1
167.9
190.3

181.8
172.7
173.7
167.0
170.0
190.0

182.6
175.7
173.6
170.0
169.9
185.3

176.8
175.8
170.9
173.9
171.3
174.7

177.1
176.0
169.6
170.3
172.3
176.0

174.9
177.2
170.0

153.8

171.5

173.1

174.7

175.4

176.1

177.3

178 0

178.9

180.0

180.4

181.3

182.6

183.6

184.7

186.3

146.8
137.7
151.7
112.7
338.2
145.7

181.3
203.6
206.9
126.6
255.2
166.9

182.2
201.2
208.2
127.4
289.7
169.7

183.4
197.9
211.1
129.3
257.3
170.2

184.2
199. 7
212.6
130.0
246.4
170.2

184.9
192.3
215.6
131.7
245.3
171.6

185.6
190.8
217.1
132.7
256.2
171.6

187.1
190.6
218.4
133.0
243.6
172.9

186.9
189.6
218.5
133.1
235.5
172.9

187.1
188.0
218.2
134.3

187.7
185.5
220.8
135.1
249.4
175.8

188. 5
186.6
221.7
135.4
262.9
176.4

188.4
186.3

173.6

187.0
184.6
219.2
134.6
258.9
174.0

208.3
332.4
163.1
162.2
223.4

245.1
385.8
193.4
216.7
257.5

254.9
373.3

182.3
199.9
209.2
128.5
264.3
169.7
256.5
371.3

182.9
197.7
210.4
128.8
260.6
170.2
257.0
364.6

258.0
371.2

257.3
370.3

257.2
367.4

260.3
367. 2

265.0
368.0

269.1
368.1

270.9
368.0

231.6
274.2

255.7
368.3
201.5
254.3
269.6

256.9
367.8

231.5
272. 1

255.7
369. 3
198. 9
246.7
272.9

277.0
368.2
213 5
330 9
284 5

127.9
117.9
136.6
93.1

139.7
132.3
146.3
93.5

140.1
133.6
146.1

141.1
134.1
147.8
92.8

141.5
135.4

143.4
137.2
150.5
91.7

143.9
138.2
150.8
91.2

144.4
138.7

144.8
138.8
151.7
91.2

145.3
139.0

145.7
139.6

146.1
139.9

146.5
140.0

147.0
140.3
156 5

145.1
140.0
195.9
154.3
183.6
207.1

148.5
147.8
174.5
151.5
176.9
192.5

151.3
149.5

152.4
150.1
201.0
154.9
179.1
196.0

154.4
150.2

159.9
153.0
229.4
173.2
196.0
219.4

162.0
153.9
236.9
178.7
202.3
230.4

165.4
155.3

169.6
156.2
286.4
203.3
202.3
227.3

167.4
157.8

139.4
143.8
152.3
125.0
146.9

161.4
168.6
185.2
140.7
171.6

163.1
169.2
187.5
141.8
173.1

164,1
171.3
188.6
142.3
175.1

165.3
174.2

165.8
175.1

167.0
176.8

171.0
182.6

171.4
183.3

172.9
185.6

144.0
178.5

169.4
180.7
196.4
145.0
181.4

170.2
181.7

143.1

168.2
178.6
194.7
144.6
179.4

168.9
179.3

143.1

167.7
177.3
194.4
144.4
178.8

145.4

145.8

146.3
183.6

148. 5

149.7

171.9
135.0
178.6
187.1

185. 6
150.7
200 9
171.6

185.5

187.0

187.1
155.2
204.3
169.4

187.7
155.7
205.9
169.0

189.2
155.4
209.6
169.7

190.6
155.2
211.3
171.5

192.9

196.4

198.7

199.0

200.0

199.9
160 1
218 8

170.8

187.2
151. 9
204.7
170.7

153.2
135.2
151.7
137.6
151.7
148.6
136.2
133.4

174.0
151.2
170.5
144.0
170.4
172.9
150.2
148.5

176.1
154.0
171.2
143.8
170.3
172.4
150.8
152.1

177.1
155.8
172.3
145.2
170.9
173.0
151.5
152.2

177.7
156.3
172.6
146.9
171.3
172.9
151.8
151. y

178.0
156.3
173.1
144.3
173.1
173.7
151.9
151.7

181.1
159.0
177.2
150.2
174.8
176.3
152.4
151.8

181.3
159.7
177.8
148.4
175.8
176.6
154.2
152.0

182.5
160.2
177.7
150.4
176.9
178.0
155.5
155.5

185.2

139 1

137 9

138.4

141.3

143.2

144.0

133 4
151.9

133.1
152.6

133.6
153.3

134.8
153.3

135.1
153.3

146.3
101.7
101.5
103.0
100.5
137.4
156.2

146.7
102.1
101.5
103.3
100.8
137.8
156.6

147.4

129 5
143.1

145.1
101.3
101 5
101 8
99 3
136.5
153.8
148.7
151.3

148.8
151.3

149.1
151.7

149.2
151.9

149.0
151.6

-0.2

-0.4

0.2

0.8

0.3

125.5
129 2

141.5
144 6

142.0
135.7

154.6
150.5

141.1
143.9

146.6
150.0

147.2
150.6

147.5
150.9

0.9

1.1

0.1

0.3

143.1
136.3

157.5
151.5

267.8
266.8

144.9
180.5

177.6

178.5

194.0
156.9
213.1
181.6
185.6
161.6
178.8
153.7

147.0

171.3
160.6

173.7
168.5

QCI

9

Q1 9

91.1
169.8
160.1

186.7

173.6
162.6

170.8
162.7
OC1

A

193 1

91 o a
9d^ 7

917 8

174.2
186.2

9ft9 9

ICC A

186.0

186.9

187.7

188.2

189.1

178.9

180.1

180.7

180.1

180.0
159 1
181 4
185 6
164 5
172 6

1fi9 1

1 cq c

179 5
181 8
157 2
155 5

18A Q

Ififi 9

ifii n

163 6

149.0

149.2

149.0

149.3
103 4
97 8
iftfi i
inn ^

IfiO ft

161 1

162 3

149.1
151.6

149.2
151.7

150.2
152.8

151.0
153.5

156.0
159.0

0.4

0.3

-0.1

0.9

0.6

148.1
1fl9 S

1 CQ o

1 09 ft

Seasonally Adjusted t
All commodities, percent change from previous
month
By stage of processing:
Crude materials for further processing 1967-100
Intermediate materials, supplies, etc
do
Finished goods:
Consumer finished goods
do
Food
do
Finished goods, exc. foods
do
Durable
do
Nondurable
do
Producer finished goods
do
By durability of product:
Total manufactures
Durable manufactures-.
Nondurable manufactures

do
do
do

Farm products
do
Processed foods and feeds
do
PURCHASING POWER OF THE DOLLAR
As measured by —
Wholesale prices...
1967 ji 00
Consumer prices
do

$0 625
678

203.7
180.6

207.0
182.8

207.0

204.5
184.2

201.3

198.8

196.9
186 0

208.8
186 3

207.2
186 4

167.1
186.6
155.4
138.8
166.3
164.3

168.7
187.9
157.0
140.7
167.9
166.3

169.2

167.9

166.7

166.0
176 6
159 1
143 1

168.4

1 oq A
1 en n
14.9 Q

168.9
185 3

158.2
141.8
169.0
167.1

169.4
187.0
158.9
141.9
170.1
167.9

172.7
166.0
179.4

174.7
168.4
181.0

175.3
169.5
181.6

175.8
170.6
181.2

175.5
171.4
179.9

196.9
185.3

199.9
186.6

196.1
184.3

197.2
181.8

$0 572 $0 563
621
611

$0 559
608

$0 561
604

$0 560
601

cfSee corresponding note on p. S-8.
9 Includes data for items not shown separately.
§ Effective with Jan. 1976 reporting, the textile products group has been extensively reclassified; no comparable data for earlier periods are available for the newly introduced indexes.

223-635 O - 76 - 2




1fiQ7
17ft 7

m

176.0
171.7

175.8

177.4

192.6
178.3

187.7

185.9

193.8

$0 558
600

$0. 558
.598

$0. 557
.597

$0. 552
.595

m

o

17Q °.

209.1
189 3

200.8
189 6

202.8
191.9

169.0
183 6

168.6
180 4
161 2
143 5
172 6
172 9

167.9
176 4
162 1
143 9
174 2
173 2

169.5
177 7
163 9
145.3
176 2
174 5

170.1
177.0
165.1
146.7
177.4
177.0

I CQ A

Ifift ft

142 9
A

143 5
170 8
172 1

177.4

178.3

178.8
mq
182 6

178.8
175 7
181 6

180.4
177 5
183 0

181.7
179.9
182.8

194.9

195.4

193.4
180 8

187.7
175 6

191.2
176 4

188. 9
175.1

$0. 550
.591

$0. 546
.588

$0. 543
.584

$0. 544
.582

$0. 541
.579

$0- 540
.577

1 CQ a
o

210.0
187 8

204.2
193.1

m

1 79 Q
1 01 Q

m

e

J Beginning in the April 1976 SURVEY, data have been revised (back to 1967) to reflect new
seasonal factors.

SURVEY OF CURRENT BUSINESS

S-10
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

1974

1976

1975

1975

Annual

November 1976

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

-July

Aug.

Sept. 1 Oct.

CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE J
New construction (unadjusted), total
Private, total 9
Residential (including farm)
New housing units

mil. $.. 138,526

132,043

12,755

12,703

12,120

10,812 '9,432 ' 9, 126 ' 10,435 ' 11,358 ' 12,197 13, 209 ' 13,236 ' 14,024 13,900

100, 179
50, 378
40, 645

93, 034
46, 476
34, 412

8,770
4,617
3,447

8,769
4,558
3,530

8,528
4,380
3,443

7,805 r 6, 960 ' 6, 789 ' 7, 771 '8,457 ' 9, 114
3,847 T'3,485 ' 3, 348 ' 4, 027 ' 4, 604 ' 5, 101
2,923 2, 623 ' 2, 514 3,055 ' 3, 379 ' 3, 720

29, 644
7,902
15, 945

26,406
8,017
12, 804

2,329
689
1,132

2,333
678
1,154

2,251
669
1,086

2,155
689
1,010

do
do
do

Nonresidential buildings, except farm and public utilities total 9
mil $
Industrial
do
Commercial
do
Public utilities:
Telephone and telegraph
do
Public, total 9

. _.

Buildings (excluding military) 9
Housing and redevelopment
Industrial
Military facilities
Highways and streets

236

2,061
582
1,008

2,096
580
1,018

300

298

341

2,901

3,083

3,541

1,086
42
84
122
486

1,051
50
82
117
685

997
45
83
'120
820

1,081 ' 1, 100
50
'57
87
66
120
119
997
'930

306

331

292

327

220

3,985

3,934

3,592

3,007

2,472

do
do
do
do
do

14, 993
1,007
766
1,188
12,069

14, 616
649
919
1,391
10, 345

1,338
59
63
145
1,234

1,356
60
63
131
1,154

1,306
55
91
142
992

1,212 ' 1, 064
48
56
76
87
'121
132
473
688

136.3

136,2

138.0

137.8 ' 136. 7 ' 139. 0 ' 145. 1 ' 143. 9 ' 142. 8

95.6

991
42
79
123
373

111.7

60.6
46.9

'60.1
'46.6

62.0
48.5

24.8
6.1
12.6

'26.6
'6.9
'13.0

25.7
6.6
12.5

97.3

'52.8
'39.3

'55.2
'41.1

'58.1
43.8

'58.4
44.2

'58.3
'43.9

59.6
45.4

'24.8
7.5
'11.5

'26.6
'7.8
'12.8

26.9
7.6
13.3

25.4
7.2
12.6

25.3
7.0
12.3

25.0
6.7
12.0

50.4
38.9

26.1
7.9
'12.3

25.6
7.6
12.4

25.9
7.7
12.4

25.4
7.6
12.2

3,605

1,114
63
73
123
1,071
149.4

107.5

49.4
37.5

336

3,320 ' 3, 699

108.4 ' 110. 3

'99.3 ' 102. 6 ' 107. 1 ' 106. 0 '106.6

48.4
35.7

314

2,247
567
1,103

464.4 ' 145. 1 ' 148. 1

98.1
52.1
39.9

2,143 ' 2, 340
533
'590
1,078 '1,164

316

3,689
39,009

95.4

2,145
583
1,034

2,337 ' 2, 644

4,279

Residential (including farm).
do
New housing units
do
Nonresidential buildings, except farm and public utilities, total 9
bil. $
Industrial
do
Commercial
do
Public utilities:
Telephone and telegraph
do

3.6

3.6

3.3

3.8

3.5

3.5

3.8

3.6

3.6

3.7

3.6

3.8

do

40.9

40.6

40.7

39.8

'37.4

'36.4

'38.0

37.9

36.2

38.9

'36.8

'37.8

37.6

- -do
do
do
do
do

'14.8
.6
.8
1.6
10.7

14.8
.6
.7
1.5
10.4

15.0
.6
1.2
1.6
10.4

14.5
.6
1.0
1.6
10.4

'13.9
.6
.9
1.5
'9.8

'13.8
.7
'1.0
'1.6
'9.0

'14.2
.6
'.9
1.5
'9.6

12.9
.6
.9
1.5
10.6

11.6
.6
.9
1.4
9.9

13.0
.6
.9
1.4
10.3

'13.1
'.6
.9
1.4
'8.3

12.5
.7
1.0
1.4
'9.6

12.6
.7
1.0
1.4
8.9

Public, total 9

CONSTRUCTION

2,069
586
1,007

38, 347

do .

Buildings (excluding military) 9
Housing and redevelopment
Industrial..
Military facilities
Highways and streets

1,974
573
937

do

New construction (seasonally adjusted at annual
rates) total
bil $
Private, total 9

1,848
563
854

9,668 ' 9, 916 ' 10,325 10, 295
5,550 '5,815 ' 5, 955 5,953
4,173 ' 4,491 ' 4, 636 4,701

CONTRACTS

Construction contracts in 50 States (F. W. Dodge
Division, McGraw-Hill):
Valuation, total
mil. $..
Index (mo. data seas, adj.)
.1967=100..
Public ownership
Private ownership
By type of building:
Nonresidential
Residential
Non-building construction
New construction planning
(Engineering News-Record) O

_

94, 370
U70

90,237
1166

7,692
157

7,767
166

5,573
148

5,431
137

6,390
'186

6,149
170

8,908
185

9,408
189

9,836
205

10,533
187

9,774
184

8,505
162

8,112
164

mil $
do

32, 497
61,873

31,415
58,822

2,725
4,967

2,544
5,223

1,597
3,976

1,724
3,708

1,655
4,734

1,719
4,430

2,192
6,716

2,383
7,025

3,915
5,921

3,136
7,397

3,246
6,528

2,505
5,999

2,344
5,768

do
do
do

33, 051
34, 404
26, 914

30,577
31,347
28,313

2,526
2,966
2,200

2,629
3,189
1,949

1,859
2,404
1,309

1,865
2,233
1,334

1,939
2,157
2,294

1,996
2,546
1,608

2,561
3,618
2,729

2,741
4,003
2,664

2,819
3,955
3,062

2,805
4,166
3,562

3,031
4,149
2,594

2,536
4,099
1,869

2,875
3,758
1,478

do

97, 102

83,795

6,511

5,865

9,909

6,052

6,648

9,791

5,088

6,893

5,193

6,041

8,003

5,948

7,056

7,359

1,352.5
932.2
1,337.7
888.1

1, 171. 4
766.8
1, 160. 4
892.2

112.8
••73.2
111.9
84.5

125.0
78.2
123.6
93.8

97.2
64.7
96.9
71.6

77.1
56.6
76.1
55.6

72.9
52.7
72.5
54.0

91.6
63.9
89.9
72.6

118.8
85.1
118.4
92.4

'137.4 '148.3
94.3
97.7
137.2
147.9
107.8
112.2

155.1
105.5
154.2
119.6

137.4 ' 146. 8 ' 154. 5
86.6 '97.6 '99.7
136.6 ' 145. 9 ' 153. 2
112.8 ' 112. 8 ' 108. 9

148.7
96.0
147.4
108.6

1,304
966

1,431
1,093

1,381
1,048

1,283
962

1,236
957

1,547
1,295

1,417
1,110

1,367
1,055

1,422
1,065

1,510
1,139

1,382 ' 1, 537 ' 1, 158
1,792
1,123 ' 1, 171 ' 1, 289 1,329

HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total (private and public)
Inside SMSA's.
.
Privately owned
One-family structures

.

Seasonally adjusted at annual rates:
Total privately owned.
One-family structures

thous
do
do
do
do..
do

New private housing units authorized by building
permits (14,000 permit-issuing places):
Monthly data are seas. adj. at annual rates:
Total
thous
One-family structures
do ..
Manufacturers' shipments of mobile homes (Manufactured Housing Institute) :
Unadjusted
thous
Seasonally adjusted at annual rates
do

1,074
644

939
676

1,092
772

1,111
794

1,127
814

1,091
812

1,147
851

1,165
863

1,188
882

1,082
803

1,158
807

1,150
829

1,215
870

329.3

212.7

20.1
228

20.8
235

16.5
230

13.8
224

15.3
263

18.9
287

21.6
244

23.6
237

24.4
260

23.7
233

20.3
224

1,296 '1,504
'926
874

23.8
252

22.7
255

198.1 ' 200. 8 202.6

203.0

1, 437
989

CONSTRUCTION COST INDEXES
Dept. of Commerce composite

1967=100..

172.8

189.4

190.2

190.2

191.0

192.2

193.2

193.1

193.6

195.1

195.6

American Appraisal Co., The:
Average, 30 cities.
Atlanta
New York
San Francisco
St. Louis

1913=100..
do
do
do
do

1,608
1,821
1,711
1,552
1,536

1,716
1,871
1,827
1,698
1,659

1,763
1,905
1,872
1,736
1,700

1,762
1,902
1,871
1,734
1,699

1,767
1,908
1,873
1,736
1,702

1,778
1,918
1,886
1,793
1,710

1,801
1,949
1,892
1,804
1,725

1,811
1,960
1,900
1,816
1,737

1,818
1,965
1,903
1,851
1,741

1,834
1,980
1,908
1,881
1,747

,849
,980
,908
,881
,810

Boeckh indexes:
Average, 20 cities :
190.6
185. 0
188.2
Apartments, hotels, office buildings
1967=100. . 168.4
194 6
192.0
Commercial and factory buildings
do
188.8
171.1
189.0
Residences
do
183.5
186.5
172.0
' Revised.
*> Preliminary.
1 Computed from cumulative valuation total.
J Data for new construction have been revised back to Jan. 1973. The revised data are
available from the Bureau of the Census, Washington, D.C. 20233.




1,870
1,987
1,921
1,926
1,821

1,897
2,043
1,940
1,930
1,835

201.3
202.8
194.4
199.8
191.7
206.6
208.1
200.5
196.0
205.3
202.6
200.7
198.1
190.3
191.8
©Data for Oct. 1975 and Jan., Apr., July, and Sept. 1976 are for 5 weeks; other months,
4 weeks.
9 Includes data for items not shown separately.

::::::::

SURVEY OF CURRENT BUSINESS

November 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS

1974

1976

1975

1975

Annual

S-ll

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

206.9
219.4

209.5
224.3

211.0
224.7

215.4
227.6

Sept.

Oct.

CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Con.
Engineering News-Record:
Building
Construction
._

1967 = 100.
do

Federal Highway Adm.— Highway construction:
Composite (avg. for year or qtr.)-....1967=100.__
CONSTRUCTION

178.3
188.0

193.3
205.7

197.2
211.4

201.8

203.8

203.9

177 5

158 3

177 6
173 1

181 8
164 3

144 1
151 7

141 1
162 6

148 0
156 8

151 3
171 3

179 1
186 0

181 0
176 8

175 8
161 2

188 8
175 5

181.8
171 6
215.3

140.9
166 9
182 9

157.1
186 6
232.7

151.9
197 9
248 8

122.1
157 7
169.5

123.3
162 3
136.3

123.8
179 9
106 2

120.5
175 9
122.7

157.2
202 2
168.0

153.3
199 5
198.2

153.3
183 2
205.5

165.6
190 4
238.7

82.3

6.4
71

6.1
87

5.2
71

200.0
213.0

199.8
212.9

200.5
213.4

201.6
214.2

202.9
215.0

204.0
215.7

205.6
216.7

217. 4
i 229. 8

200.4

200.3

209 8

1

MATERIALS

Output index:
Composite, unadjusted 9
Seasonally adjusted

1947-49=100.
do

Iron and steel products, unadjusted
Lumber and wood products, unadj
Portland cement, unadjusted

do
..do
do

REAL ESTATE^
Mortgage applications for new home construction:
FHA net applications. ..
thous. units. . 87.1
Seasonally adjusted annual rates
do
Requests for VA appraisals
do
i fii i
Seasonally adjusted animal rates
do

-i cy 7

8.3
93

175

191

185

165

193

177

OQC o-i

452. 16
864 31

456. 01
792 50

384. 89
641 82

007 qo

515. 71

411.67
675 98

17, 578

17, 606

17, 845

17, 106

16, 380

15, 757

15,236

5 694

4 370

5 254

3 941

4 161

5 816

829

941

724

811
925

1 156
3 375
1 285

186

Home mortgages insured or guaranteed byFed. Hous. Adm.: Face amount
mil. $.. 3,933.70 6, 166. 12
Vet. Adm.: Faceamount§__
do
7 909 60 8 863 84

516. 06
841 58

Cfifi K«

564. 15

496 54

Federal Home Loan Banks, outstanding advances
to member institutions, end of period
mil. $_. 21,804

17, 845

17,482

38 959

55 040

5 588

7 566
23 560
7 833

10 097
32 106
I9 837

995
3 351
1 249

140 469

142 803

11 326

3,190

3,560

276

...mil. $.-

8.5
94

1c i

185

_. . number

8.4
94
18 3

171

Fire losses (on bldgs., contents, etc.)

7.2
74

1c 7

14 5

Foreclosures.

6.0
84

1q a

1o o

New mortgage loans of all savings and loan associations, estimated total
_
mil. $
By purpose of loan:
Home construction
_
do
Home purchase
do
All other purposes
,_do

4.4
68

197

1 fi f\

1 052
3 400
1 242

U

A

8.3
87
15 8

9.6
114

9.2
104

15 0

15 5

I C O

1 C A

168

181

190

458. 49 655. 59 645.90
756 54 1 250 56 709 55

712. 67
912 39

995 32

097 9fi

14, 898

15,274

15, 403

15, 751

16,062

6 545

6 631

8 334

7 779

7 755

v 7 249

1 344
3 881
1 320

1 272
4 053
1 306

1 436
5 305
1 593

1 381 r i 391
4 980 r 5 052
1 418 r 1 382

1 317
4 571
1 361

170

166

r

2 584

3 012
1 301

2 314

964

19 210

10 414

11 057

10 775

9 669

12 3°4

276

266

335

338

320

335

301

287

288

275

299

164
175
175
135

171
191
191
131

171
183
204
129

184
184
236
144
181

182
193
228
141

184
197
236
141
162

197
232
221
147
180

191
204
235
140
192

187
192
246
144
170

93 0
2 7
7 6

130 4
51
13 7
2 2
12 6
9 7

6
5
2
6
6
5

1 CO Q

123 1
2 6
11 2
2 6
13 9
10 8

100 9

101 1

142 9

10 7
4 9

109 4
32
10 0
17
12 8
7 4

83
17
11 6

6 0
12
12 5

31
13.9

6.9

9.4

39

55

81

82

91

6 7

59

2 4
15
11 9
43 9

2 4
17
13 1
47 4

31
16
14 4
54 1

0
3
5
8

9 4
10.3
6 2
2 2
15 7
66 0

41
15
13 4
48 3

3
2
12
41

1
2
2
7

3
2
13
41

8.3
8.3
4.3
2.3

362
8
104
10
42
196

7
6
9
5
1
6

406 1
9 5
118 4

903

2 425

DOMESTIC TRADE
ADVERTISING
McCann-Erlckson national
seasonally adjusted:
Combined index
Network TV.
Spot TV
Magazines
Newspapers*. ...

advertising

Index,

1967=100
do
do
do
do

Magazine advertising (general and natl. farm magazines):
Cost, total
.
m il $
Apparel and accessories.. .
do
Automotive, incl. accessories...
do
Building materials
do
Drugs and toiletries
.
do
Foods, soft drinks, confectionery
do
Beer, wine, liquors
do
Household equip., supplies, furnishings .do
Industrial materials..
do
Soaps, cleansers, etc
do
Smoking materials.
do
Allother
_
do
Newspaper advertising expenditures (64 cities): 0
Total
mii $
Automotive
do
Classified
do
Financial
do
General
do
Retail
do

141
150
153
121
141

147
160
166
119
142

144
155
169
114
139

149
161
166
120
ico

151

14.fi

1 AC

1 372 3 1 336 3
50.8
47 0
104 7
101 5
24 7
20 7
143 2
140 6
91.1
92 0

118 7
66
61
21
11 4
6 2

136 1
55
11 3
2 o
12 2
9 4

•ico o

19ft 4.

51
14 0
19
12 8
12 8

33
9 4
14
10 9
9 6

73
5.5
31

10 4
63
31
2 4
12 1
61 2

13 5
9
5
3
8

17 7
33
2 9
12
12 9
48 0
347 0
4 6
63 4
U' A
43 3
224 7

103 4
79.6
35 4
17 6
136 7
585 1

165
170
124

100 9
55.1
34 2
19 4
144 2
580 7

13 2
55 1

3 844 6 4 100 1
108 8
93 8
967 0
978 6
134 8
131 0
513 7
544 3
2,120 4 2 352 5

334 0
8 6
83 1
12 0
45 6
184 8

CO 1
917 ft

403 4
9 0
83 7
10 2
54 6
245 9

9 9

O7Q Q

9 9

oe 7
iq c

7.2

2
2
12
66

154
163
IfiQ

124

6

2.9

348
8
87
13
49
188

4.2

qoq n

5.9

144
6
14
3
13
10

8.4
4
2
14
58

5 1

16
3
14
9

4
8
7
o

5.6

3
9
6
6
7
4

9 3
99 1
9 A
54 3
211 0

409
9
104
14
60
220

6
8
3
1
7
7

427 3
10 9
105 4
13 8
63 0
234 3

463 5
10 3
118 6
10 4
66 0
258 1

422 9
9 5
109 3
12 3
58 4
233 5

1.9

6.9

4.6

3.9

4.7

2
3
0
3

7.6
7.4

12 5
65 8

67

44 9
226 5

WHOLESALE TRADE
Merchant wholesalers sales (unadj.), total, mil. $
Durable goods establishments
do
Nondurable goods establishments
do

448, 127
202,341
245, 786

439 000
185, 922
253, 078

37855
16,340
21 515

39 569
16,704
22865

35 827
14,835
20992

37 831
15,511
22 320

35 990
15, 129
20 861

35 860
15,225
20 635

41 512
17,901
23 611

40 198
17,815
22 383

39 095
17, 342
21, 753

42, 196
18, 981
23, 215

39 877 r 41, 296
17,500 -•18,539
22,377 ' 22, 757

42,032
18,717
23, 315

Merchant wholesalers inventories, book value,
end of year or month (unadj.), total., mil $
Durable goods establishments
do
Nondurable goods establishments-. ..
do

46, 695
27, 529
19. 166

45 497
27 430
18. 067

44 764
27 136
17628

45 612
27 228
18 384

45 865
27 299
1 8 Sfifi

45 497
27 430
18 ftfi?

45 945
27 664
18 981

46 604
9g 134

46 857
28*505
1 8 359

46 953
28 793
1 8. 230

47 422
29 393
18. 029

48 029
29 754
18. 275

48 421 r 48 226
29 906 r 29 486
18.515 r 18. 740

48 732
29, 733
18. 999

9Qn ?evisedv
, 'Preliminary.
i Index as of Oct. 1, 1976: Building, 218.8; construction,
i
i.* lncludes data for items not shown separately.
§Data include guaranteed direct
loans sold.




18470

HHome mortgage rates (conventional 1st mortgages) are under money and interest rates
on p. S-18.
©Source: Media Records, Inc. 64-City Newspaper Advertising Trend Chart.

SUKVEY OF CURRENT BUSINESS

S-12
1974

Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS

November 1976

1975

1975

Annual

Sept.

Oct.

1976
Nov.

Jan.

Dec.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

DOMESTIC TRADE—Continued
RETAIL TRADE If
All retail stores: If
Estimated sales (unadj.), total If

mil. $.. 537,782

584,423

48,275

52,046

50,526

60,681

46,767

45,243

51,752

54,633

54,460

55,449

55,938 '54,165 ' 52,956 155,358

do
..do
do
do

167,313
93, 089
84, 773
8,316

180, 725
102, 105
93, 046
9,059

15,453
8,539
7,785
754

16 919
9*734
8 936
798

15, 248
8,422
7,647
775

16,855
8,412
7, 568
844

14,213
8,299
7,619
680

14,764
8,954
8,311
643

17, 758
10, 932
10, 135

18,670
11,339
10,468
871

18,511
11,140
10, 298
842

19,617
11,876
11,009
867

19,062
11,412
10,513
899

Furniture, home furn., and equip. 9 ...do
Furniture homefurnishings stores
do
Household appliance, TV, radio
do

25, 544
15,364
8,006

26, 123
15,283
8,420

2,184
1,247
730

2,308
1 379
721

2,389
1,419
747

2,925
1,534
1,042

2,138
1,228
693

2,064
1,226
654

2,304
1,366
728

2,311
1,392

706

2,306
1,370
723

2,424
1,440
776

2,415
1,425

Building materials and hardware
Lumber bldg materials dealers cf
Hardware stores
_-

23, 491
18, 328
5,163

23, 974
18 202
5 772

2,203
1,709
494

2,317
1 802
515

2,090
1,597
493

2,073
1,477
596

1,710
1 323
387

1,773
1,367

2,137
1,668

2,359
1 820
539

2,460
1,891
569

2,641
2,050
591

2,620 ' 2, 573
2,063 r 2, 079
r
557
494

370, 469
24, 864
5,668
9,551
3,979

403 698
26, 749
6 085
10 396
4 123

32 822
2,191
450
872
382

35 127
2,300
491
942
362

35, 278
2,409
549
942
361

43,826
3,894
969
1,435
485

32,554
1,976
461
767
303

30.479
1,768
378
715
272

33, 994
2,050
438

810
329

35963
2,377
508
903
412

35,949
2,194
484
874
335

35,832
2,213
512
871
335

36,876
2,201
470
874
331

16, 785
__do
do
41, 840
119, 763
do
do __ 111, 347
do
39, 910

18 098
47, 514
131, 723
122 666
43, 895

1 450
3,983
10,712
9 962
3,757

1 505
4 208
11,432
10 648
3 817

1,470
4,050
11,008
10, 265
3,649

2,114
4,110
11,778
10 925
3,817

1 481
3 889
11,723
10 988
3 654

1,462
3,723
10,507
9,775
3,475

1,571
4,083
11,176
10, 384
3,779

1 591
4 218
11 535
10 717
3 851

1 598
4 564
11 770
10 930
3 935

1 615
4 544
11,657
10798
4 079

1 598 r 1 619 r 1 568
4 786 r 4 760 '4 365
12 531 r 11 603 r 11 614
11 661 r 10 761 r 10 798
4 322 r 4 219 ' 4 024

95, 402

7,709

8,226

9,432

14,005

6 247

6 213

7,696

8 292

7 949

8,144

8 023

Durable goods stores 9
Automotive dealers -Passenger car, other auto, dealers
Tire battery, accessory dealers

do
do
do __

Nondurable goods stores 9
- - do ._
Apparel and accessory stores
do
Men's and boys' wear stores
do
Women's apparel, accessory stores _do
Shoe stores
__do
Drug and proprietary stores
Eating and drinking places _ . .
Food stores -Grocery stores
Gasoline service stations.

General merchandise group with nonstores 9
- - - mil. $..
General merchandise group without nonstores9$
mil. $..
Department stores ..
. -do
Mail order houses (dept. Btore mdse.).do
Variety stores
do
Liquor stores
- -.
do
Estimated sales (seas, adj.), totalflt

89, 286
82, 535
55, 871
5,839
8,714
10, 285

88, 544
60, 719
5,995
9, 120
10, 974

797

406

469

f
r

18,230 r 17,453 11 17,952
10,648 ' 9, 948 10,525
9, 769
9,143
805
••879

r

' 2, 404
1,448
••745

r

f

773

r
35 935
r
2,r 308
465
r
884
r

2,493
2 003
490
1

' 35 503 137 406
' 2, 343
2, 498
464

923
402

381

r g 282

1

8 829

r

r

1
1

8,111
5 758

7,099
4,904
520
700
876

7,531
5,104
635
737
930

8,778
6,032
690
830
936

13,353
9,437
722
1 456
1,268

5,748
3 918
366
555
841

5 718
3 840

7 698
5 394

521
672
886

7,386
5 196
444
639
931

7,561
5,390

432
563
786

7,074
4,776
579
670
848

do

49,644

49,995

50,552

51,734

51,592

52,601

53,344

53,696

52,868

53,983

53,754

15, 772
8,998
8,246
752

15, 904
8,945
8,188
757

16,690
9,666
8,899
767

16,730
9,605
8,778
827

17,397
10,346
9,509
837

17,403
10, 162
9,307
855

18,046
10,704
9,875
829

17,419
10,249
9,456
793

17,803
10,523
9,725
798

17,699 r 18,208 ' 17,344 i 17,271
10,345 r 10,795 r 10,089 i 10,062
9,531 r 9, 938
9,282
814
807
••857

2,380
1,359
782

2,417
1,397

r

788

2,394
1,389
749

2,292
1,792
500

2,312
1,808

2 297
1 800

r
r

36 180
2 324

36 055
2,393

1,616 r 1, 649 '1,652 1 1, 676
4 387 r' 4, 367 r' 4, 318 1 4, 309
11 614 11,805 11,751 1 11,817
10,797 'r 10,992 r 10,940 110,989
4, 038
3, 958 ' 4, 020
3 943

439
624
954

7,435 7 782
7, 621
5,207 r 5 439 r 5 445
456
'549
540
r 634
619
593
r 940
1,043
897
r

54,643 * 53,918

Tire battery accessory dealers

do
do
do
do

2,203
1, 279
724

2,246
1,319
723

2,335
1,375
748

2,347
1,370
764

2,273
1,326
713

2,332
1,385
736

2,388
1,392
792

2,385
1,402

Building materials and hardware
Lumber bldg materials dealers cf
Hardware stores

do
do
do

2,052
1,563
489

2,088
1,597
491

2,162
1,665
497

2,186
1,685
501

2,255
1,748
507

2,291
1,746

2,364
1,815
549

2,340
1,800

Nondurable good*? stores 9 1
Apparel and accessory stores
Men's and boys' wear stores
Women's apparel accessory stores
Shoe stores

do
do
do
do
do

34, 227
2, 249
505
876
352

34, 223
2,256
501

35, 044
2,337
516
885
364

34,862
2,311
505
906
354

35,204
2,369
507
935
374

35, 941
2,377

529
915
375

35,650
2,229
506
887
339

35 449
2 265

351

34, 648
2,289
513
888
358

do
do
do
do
do

1,526
3,956
11, 137
10, 384
3,784

1,525
4,072
11, 149
10, 384
3,727

1,556
4,163
11,250
10, 464
3,716

1,569
4,219
11, 247
10, 463
3,853

1,522
4 213
11 433
10,642
3 867

1,572
4,174
11,424
10,625
3,861

1,643
4,321
11,567
10, 749
3,892

1,605
4,304
11,448
10,643
3,886

1 609
4 355
11 629
10 790
Q cnq

1 625
4 ^83
11 765
10 929
3 922

8,076

7,956

8,314

8,459

8 022

8 401

8,606

8,337

8 187

8 488

8 452

7,493
5,150
529
771
933

7,369
/">, 031
522
756
928

7,733
5,35
493
766
933

7,870
5,427
532
771
920

7 443
5 075

7 849
5 408

7,996
5 471
568
785
939

7,745
5,416
528
663
941

7 604
5 324

7 865
5 5go

7,814 rr 8, 100 f 7, 942
5,r 713 ' 5, 660
5 481
544
540
554
r
635
666
656
r
940
957
955

General merchandise group with nonstores 9 - - mil. $..
General merchandise group without nonstores 9 §
mil. $..
Department stores
do _
Mail order houses (dept. store mdse.) do
Variety stores
do
Liquor stores.
_ _ _ .. do
Estimated inventories, end of year or month: f
Book value (unadjusted) total f
mil $
Durable goods stores 9
." do'
Automotive dealers
do
Furniture home furn and equip
do
Building materials and hardware
do
Nondurable goods stores 9 _ .
do
Apparel and accessory stores
do
Food stores .
do
General merchandise group with nonstores
mil $
Department stores
do
Book value (seas, adj ) total t
Durable goods stores 9 . .
"""
Automotive dealers ..
Furniture home furn and equip
Building materials and hardware

do
do
do
do
do

Nondurable goods stores 9
do
Apparel and accessory stores
do
Food stores
do
General merchandise group with nonstores
mil $
Department stores
do

r

891

71 908 r 73 041 r 73 783 r 77 690 r 78 428 r 73 041
33] 970 32, 949 33 757 34, 413 33, 970
33, 472
16, 690 15 719 16 099 16, 502 16 690
17 098
5 294 5 132 5 328 5 407 5 294
5 150
4 610
4 695
4 610
4 355
4 590
4 699

r

73 ig7
34 '208
16 861
5' igg
4 739

39, 071
5 342
8,189

40 834
5 886
8 018

43 933
6 194
8 289

44, 015
6 162
8^376

39, 071
5 342
8 189

38 979
5 287
8 015

15 528
9 245

15 864
9 735

17 593
10 662

19 742
12 176

19 495
12 223

15 864
9 735

16 113
9 857

r 73 851 r 74 676
34 301
34 474
17,627
16 876
5 315
5 176
4 817
4 546

r 74. 417

39 550
5 639
7 988

40 202
5 594
8 060

34
17
5
4

453
104
086
679

39 964
5 584
8 075

r 75
34
17
5
4

981 T 75,129 T 74 676 r 75 292
699 34 568 34 474 34 479
163 16 960 16 876 16 727
153 5 169
5 315
5 294
4 820 4 817
775
4 871

41 282
5 719
8 126

40 561
5 607
8 031

40 202
5 594
8 060

545

524
753
899

38, 436
5 385
8 116

17 099 16 902 17 929 17 362
16 736
9,973
10, 502 10, 282 10, 969 10, 666
*ur Rev*sed- 1 Advance estimate.
If Data may be understated because of deficiencies in
the probability sample being used for current estimates (the 1972 Census of Retail Trade
indicates that total retail sales for 1972 were 4.8 percent nigher than the estimates made from
tne sample). A comprehensive revision of the survey (including the selection of a new and
improved sample) is now underway; revised 1data will be introduced upon its completion.
9 includes data not shown separately.
cf Comprises lumber yards, building materials




i i 634
4 481
12 059
i 11 220
* 4 086

1
1

r g 381

Furniture home furn and equip 9
Furniture homefurnishings stores
Household appliance TV radio

_.

2, 359

740

15,417
8,682
7, 919
763

Drug and proprietary stores
Eating and drinking places
Food stores
Grocery stores. _
_
Gasoline service stations

1

2, 349
1,396

40 813
5 728
8* 104

533
764
918

r

r

75 36fi
35 022
17 451
5 141
4* 857

r

78 037
36 325
18 146
5 290
5 065

756

540

r

40 344
5 566
8 097

42,442
5,918
8,275

17 Oil
IQ' 375

18 076
11 150

18, 754
11, 688

41 651
5 798
8 187

r

77 298
35 231
17 151
5 387
4 946
42 067
5' 873
8 178

r

78,102
35, 462
17, 199
5 430
4 958
42, 640
5 954
8 283

516
655
970

r
36 435
r

2, 422
'522
'946
'371

527
936
352

r

2, 344
1,422

490

• 36,574 i 136,791
2, 466
••2,411
520
940
371
1

r 79
36
17
5
5

r

8, 716

' 8, 578 18,711

81, 141
36, 090
16, 766
5 722
5, 171

42 659
5 Q7Q
8 322

42, 554
6 059
8,285

43, 446
6 324
8,329

45,051
6 728
8,411

QCQ

-I 0

QOC

11 824

n

fi9fi

18 962
11 582

19 478
11 929

20 343
12, 461

81 118
37 515
18, 443
5 523
5 096

81 848
37, 822
18, 364
5 671
5 271

43 603
6 249
8 482

44, 026
0,383
8,4/0

c 007

8 279
I Q

37 loO
18* 252

5

ncq

70 406
35 547
17 140
3 dfiO

r 7Q ^7^

AMR

r 79,917
36, 523
17,44o
5 573
5 057

42 859
5 977
8 321

43 512
6* 177
8 415

43, 394
6,246
8,420

A Qfls

35 863
17 170
3 COC

i 2, 352

2,321
1,831

78 475
35, 029
16, 119
5 506
5 086

- 70 C1Q

54,062

716

320
766
777
523
087

42 347

r

2, 324
1, 828
••496

497

519
919
352

508
663
938

79,321 r 7Q 93^
36, 879 36 888
18,351 18 254
5,419
5 4.QC
5,132
5 1 34.

41 712
5 855
8 162

76 243
34 592
16 828
3 97R
4 852

496
895
348

504

2, 414
' 1, 438
••749

1

i1 8, 074
5, 747

17 099 17 493 18 054 18 496 18 870 19 171 19 256 19 ig4 19 328 19 537
10, 502 10, 737 11,120 11, 366 11,711 11, 895 11,912 11,855 11,905 12, 016
dealers, and paint, plumbing, and electrical stores.
§ Except department stores mail order.
{Seasonally adjusted data have been, revised back to Jan. 1973 to reflect new seas. adj.
factors (revisions prior to May 1975 are available from the Bureau of the Census, wash.,
D.C. 20233).
f Series revised beginning Jan. 1974 to reflect benchmark data from the 1975
Annual Retail Trade Report and new seas, factors; revisions for Jan. 1974-Aug.-1975 appear
on p. 22ff. of the Nov. 1976 SURVEY.

SURVEY OF CURRENT BUSINESS

November 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS

1974

S-13
1976

1975

1975

Annual

Sept.

Dec.

Nov.

Oct.

Jan.

Feb.

Aug.

Mar.

Apr.

May

June

July

Sept.

16, 356 ' 16,184 16, 049

Oct.

DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Firms with 11 or more stores:
Estimated sales (unadj.), total 9

mil. $

Apparel and accessory stores 9
Women's apparel, accessory stores
Shoe stores
Drug and proprietary stores

do
do
do
do

169 434

183 076

14 744

15 870

16 606

21 871

14 124

13 349

15389

16 242

15901

16 001

6,428
2 390
1 737
6 451

6 834
2 598
1 806
7 103

580
223
165
571

582
224
155
594

617
232
157
593

1 014
378
234
937

444
166
117
575

401
153
107
578

498
188
133
639

618
295
172
647

542
206
128
652

548
204
133
665

506
196
127
658

'569
r
213
••153
r
681

570
221
144
647

General merchandise group with nonstores 9
mil. $
General merchandise group without nonstores§
.
mil. $
Dept. stores, excl. mail order sales
do
Variety stores
do

70 597

75 629

6 119

6 522

7 536

11 299

4 868

4 876

6,122

6 595

6,295

6,474

6,355

r

6, 688

6,606

67, 289
49 802
6,988

72, 339
54 159
7,355

5,827
4 373
566

6,175
4 547
596

7,212
5 365
682

11,010
8 353
1,196

4,650
3 489
437

4,636
3 425
453

5,796
4,270
549

6,315
4 821
535

6,029
4,634
502

6,197
4,817
490

6,081
4,667
482

r
r

6, 413
4,r 894
490

6,279
4,855
465

Grocery stores . . .
Tire, battery, accessory dealers

62 614
2,168

68, 432
2,251

5 454
180

5,977
200

5 788
185

6,108
202

6 212
153

5 504
142

5,877
182

6 034
219

6,064
192

5,975
211

6,496
202

r

5,911
r
197

6,011
179

do

15 508

15, 387

15, 826

15 978

15 663

16079

16,420

15 999

15,978

16,402

16, 295

16,846

16, 608

do
do
do
do

577
223
148
608

567
217
154
604

577
218
155
624

601
219
164
629

576
221
145
622

586
222
149
654

581
209
158
691

541
210
136
656

559
207
134
664

573
213
139
663

580
220
146
667

'586
••220
r
148
r
694

567
220
131
691

6, 957

6,850

do
do

Estimated sales (seas, adj.), total 9 1
Apparel and accessory stores 9
Women's apparel, accessory stores
Shoe stores
Drug and proprietary stores

r

General merchandise group with nonstores 9
mil. $
General merchandise group without nonstores §
mil. $
Dept. stores, excl. mail order sales
do
Variety stores
do

6,425

6,314

6,608

6 718

6 359

6 677

6,844

6,625

6,495

6,773

6,703

r

6 146
4 593
624

6 037
4,491
610

6,327
4,777
618

6 437
4 836
626

6 084
4 525
608

6 420
4 817
626

6,534
4,886
647

6,352
4,831
527

6,227
4,743
523

6,478
4,971
513

6,394
4,887
512

6 675 6,537
r
5 114 5,042
r 521
497

Grocery stores
Tire, battery, accessory d'ealers

5 782
188

5 766
184

5 859
187

5 826
187

5 871
191

5 957
187

6 009
193

5,921
199

6,040
181

6,160
189

6,037 r 6 282
183
r 192

do
do

All retail stores, accts. receivable, end of yr. or mo.:
Total (unadjusted)
mil. $
Durable goods stores
do
Nondurable goods stores
do

28, 916
8,578
20 338

29, 625
8,901
20 724

27376
8,979
18397

27563
9 015
18 548

27 726
8,781
18 945

29 625
8 901
20 724

28 221
8 433
19 788

27 802
8 564
19 238

27 819
8,684
19 135

28, 389
8,962
19, 427

28, 732
9,187
19,545

28,729 '2S 321
9,433 r 9, 313
19,296 '19 008

do
do

10 806
18, 110

11, 428
18, 197

10 940
16436

11 196
16 367

11 069
16 657

11 428
18 197

10 990
17 231

10 891
16 911

11 203
16616

11, 874
16, 515

12,229
16,503

12,128 'II 882 11 905
16,601 '16 439 16 561

Total (seasonally adjusted)
Durable goods stores
Nondurable goods stores

do
do
do

27, 035
8,434
18 601

27, 764
8,799
18 965

27612
8 726
18 886

27617
8 767
18 850

27 460
8 756
18 704

27 764
8 799
18 965

27 895
8 749
19 146

28 173
8 995
19 178

28439
9 040
19 399

28, 716
9,192
19,524

28,564
9,069
19495

28, 760 r28
858
9,203 r 9, 159
19557 r!9 699

Charge accounts
Installment accounts. _ .

do
do

10 374
16 661

11 028
16 736

10 910
16 702

11 016
16 601

10 942
16 518

11 028
16 736

11 330
16 565

11 399
16 774

11 620
16 819

11 929
16 787

11 797
16 767

11 826 rr ll 936 11 974
16 934 !6 922 10 939

Charge accounts
Installment accounts

_

6 153
180

28 466
9*360
19 106

28 913
9 114
19 799

LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATES
Total, incl. armed forces overseas!
LABOR FORCED
Not Seasonally Adjusted
Labor force, total (including armed forces),
16 years of age and over
Civilian labor force
Employed, total
Agriculture
Nonagrlcultural industries.
Unemployed. __
Seasonally Adjusted d"
Civilian labor force
Employed, total
Agriculture
.
Nonagricultural industries.

mil.. 1 211. 90

persons
thous
do
do
do
.do
do

93, 240
91 Oil
85 936
3 492
82, 443
5 076

1 213. 54

213. 89

214. 04

214. 19

214. 30

214. 44

214. 55

214. 65

214. 76

214. 86

214. 99

215. 12

215.28

215.43

215. 60

94, 793
92 613
84 783
3 380
81, 403
7 830

94, 965
92 795
85 274
3 626
8l] 647
7 522

95, 431
93 267
86 023
3 524
82, 499
7 244

94, 943
92 787
85 556
3 156
82,400

94,888
92 731
85 536
2 856
82,680
7 195

94, 805
92 665
84 491
2 853
81, 638
8 174

94, 944
92 798
84 764
2 802
81, 963
8 033

95,260
93 112
85 588
2 897
82, 691
7 525

95, 618
93 474
86 584
3 273
83,311
6 890

95,724
93 582
87* 278
3 415
83,863
6 304

98, 251 99, 325
96 114 97, 185
88 460 89 608
3 780 3,931
84, 680 85,677
7 655 7,577

98,837
96, 690
89, 367
3,842
85, 525
7,323

97, 120
94, 975
87, 949
3,396
84, 553
7,026

97, 677
95,530
88, 697
3,447
85, 250
6,833

93 128
85 158
3 512
81 646

93 213
85 151
3 408
81 743

93 117 93 129
85 178 85 394
3 301 3 236
81 877 82 158

93 484
86 194
3 343
82 851

93 455
86 319
3 170
83 149

93 719
86 692
3' 179
83 513

94 439 94 557
87 399 87 697
3 417 3 329
83 982 84 368

94 643
87 500
3 294
84 206

95, 333
87, 907
3,341
84, 566

95, 487
87, 981
3,424
84, 557

95, 203
87, 819
3,286
84, 533

95, 342
87, 773
3,329
84, 444

do
do
do
do

7 9^1

937

2,483

7 970
2,934

8 062
2,719

7 939
3,004

7 735
3,080

7 290
2,785

7 136
2,515

7 027
2,294

7 040
2,035

6 860
1,998

7 143
2,215

7,426
2,317

7,506
2,387

7,384
2,314

7,569
2,330

56
3.8
55
16.0

85
6.7
80
19.9

8
7
7
19

8
7
7
19

8
7
7
19

5
1
9
0

83
66
80
19 6

76
5.7
75
19.2

7
5
7
19

5
6
3
1

75
5.4
73
19.2

73
5.6
6.8
18.5

7.5
6.0
7. 1
18.4

7.8
6.1
7.6
18.1

7.9
5.9
7.7
19.7

7.8
6.1
7.5
18.6

7.9
6.3
7.6
19.0

50
9.9
27

78
13.9
51

78
14 4
55

78
13.9
51

76
13.8
48

7g
58
75
19.9
7i
13.2
41

68
13.7
41

68
12.5
41

67
13.0
39

66
12.2
4.0

6.8
13.3
4.4

7.1
12.9
4.5

7.1
13.6
4.2

7.1
12.7
4.6

7.3
13.5
4.4

Occupation: White-collar workers
3.3
4.7
4 8
48
48
Blue-collar workers
6.7
11.7
11.3
11.6
11.9
Industry of lastjob (nonagricultural)":
Private wage and salary workers
5.7
9.2
92
92
92
Construction
10.6
18 1
18 7
18 1
17 5
Manufacturing
5.7
10 9
10 8
10 5
10 6
Durable goods
5.4
11.3
11.5
11.1
10.8
••Revised.
1 As of July 1.
9 Includes data not shown separately.
§ Except department stores mail order.
I See corresponding note on p. S-12.
S back to Oct> 1973 a
ear
A?6ev^sioniul
PP
in
"Population
Estimates and Projections: Estimates
?T i ,n2R «tlon of the United States and Components of Change—1930-75," P-25, No. 632
(July 1976), Bureau of the Census.

4.8
10.7

4.7
9.4

4.6
9.3

4.6
9.1

4.8
9.0

4.6
9.0

4.4
9.3

4.8
9.6

5.0
9.8

4.5
9.8

4.5
9.7

Unemployed
do
Long-term, 15 weeks and over
do
Rates (unemployed in each group as percent
of total in the group):
All civilian workers
Men, 20 years and over
Women, 20 years and over
Both sexes, 16-19 years _
White
Negro and other races. .
Married men, wife present .




6
2
8
4

6
2
9
8

80
14 3
53

8.1
8.0
8.2
8.0
7.8
7.6
7.7
7.6
8.1
8.0
89
14.9
15.8
17.1
17.7
14.1
17.0
15 5
15 3
16 0
15 4
16 6
8.2
8.0
8.2
7.8
7.6
7.3
7.6
81
80
73
96
8.1
7.4
7.7
7.3
7.5
7.4
7.4
7.7
8.2
8.0
9.9
^Beginning in the Feb. 1976 SURVEY, data (revised back to Jan. 1971) reflect new seasonal
factors and a modification of the procedures previously used to seasonally adjust a few of the
series (teenage unemployment and those few other unemployment series of which teenagers
are the exclusive or major part). Comparable monthly data back to 1967 appear in EMPLOYMENT AND EARNINGS (Feb. 1976), USDL, BLS.

SURVEY OF CURRENT BUSINESS

S-14
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS

1974

1975

| 1975

Sept.

Annual

November 1976

Oct.

1976

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.*

Oct.*

79,187 ' 79,855
64,824 ' 65,063

80, 158
64,960

LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT
Employees on payrolls of nonagricultural estab.:
Total, not adjusted for seasonal variation.. .thous.. 78, 413
Private sector (excl. government)
do
64, 236
Seasonally Adjusted
Total employees, nonagricultural payrolls.. .do
Private sector (excl. government)
do
Nonmanufacturing industries
do
Goods-producing
do
Mining ..
.. do
Contract construction
do
Manufacturing
do
Durable goods
do
Ordnance and accessories
do
Lumber and wood products
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Primary metal industries
do _.
Fabricated metal products
do
Machinery, except electrical
do
Electrical equipment and supplies, .do
Transportation equipment ... do
Instruments and related products. .do
Miscellaneous manufacturing
do
Nondurable goods
do
Food and kindred products
do
Tobacco manufactures
do
Textile mill products
_
do
Apparel and other textile products, .do
Paper and allied products
do
Printing and publishing
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products, nee. do
Leather and leather products
do
Service-producing
Trans., comm., electric, gas, etc
Wholesale and retail trade
Wholesale trade
_. _
Retail trade
Finance, insurance, and real estate
Services
Government
Federal
_
State and local

do
do
do
do
do
do
do
do
do
do

Production or nonsupervisory workers on private
nonagric. payrolls, not seas, adjusted
thous..
Manufacturing
do

78 413
64, 236
44 190

76, 985
62, 212

77,614
63,054

78,193
63,132

78,339
63,151

78,527
63, 300

77,091
62,050

77,339
62,098

77,906
62,584

78,688
63,392

79,115
63,826

79,805
64, 637

78,891
64,416

76 985
62, 212
43 865
22 549

77 555
62,591
44 098
22 669
774
3,402

77,574
62, 599
44 117
22 657
766
3,409

77, 796
62,793
44 225
22 743
769
3,406

78,179
63,214
44,492
22,914
764
3,428

78,368
63,370
44,607
22,901
763
3,375

78, 630
63, 595
44, 718
23, 013
770
3,366

78,963
63,889
44,916
23 144
772
3,399

78,923
63,852
44,888
23 123
773
3,386

78,943
63,882
44,932
23,091
779
3,362

79,176
64,087
45,154
23 094
788
3,373

18 482
10 653
161
576
470
616
1,146
1,339
2 032
1,764
1 648
492
409

18 568
10 717
163
581
473
616
1 158
1,344
2 030
1,773
1 676
494
409

18,722
10820
162
592
477
616
1,162
1,358
2,039
1,785
1,712
498
419

18,763
10,846
162
595
484
612
1,168
1,369
2,039
1,795
1,699
501
422

18, 877
10, 937
161
596
487
616
1,173
1,381
2,049
1,818
1,726
505
425

18,973
11 000
161
597
492
624
1,181
1,389
2,054
1,828
1,739
510
425

18,964
11 046
161
600
495
626
1,187
1,391
2,064
1,833
1,748
512
429

18,950
11,046
158
602
490
627
1,197
1,388
2,065
1,833
1,747
512
427

18,933
11 029
157
605
488
630
1,204
1,386
2 077
1,817
1 733
511
421

7 gsi
7 829
1,688
1,688
81
79
955
950
1,299
1,290
652
658
1 072 1 074
1,020
1,018
202
201
608
604
271
270

7,902
1,700
79
958
1,314
665
1,069
1,024
203
615
275

7,917
1,709
77
964
1,306
667
1,069
1,029
204
617
275

7,940
1,695
75
964
1,322
671
1,075
1,030
204
627
277

7 973
1,707
75
972
1,317
674
1 077
1,033
204
634
280

7,918
1,712
75
973
1,315
678
1,079
1,031
203
573
279

7,904
1,716
74
969
1,315
677
1,076
1,027
202
573
275

' 79,333
' 64,208
'r 45,229
23,083
••752
' 3, 352

' 79,567
' 64,484
' 45,362
' 23,254
'795
' 3, 337

79, 513
64,414
45, 438
23, 137
804
3,357

r
18,979 ' 19,122
' 11,086 ' 11,157
156
154
607
'613
r485
'496
629
631
'1,215 ' 1, 221
' 1, 395 '1,406
2,082 '2,111
••1,845 ' 1, 846
1,744 '1,744
509
'512
'419
'423

18, 976
11, 052
154
615
487
631
1,208
1,391
2,085
1,856
1,698
510
417

7,904 '7,893 ' 7, 965
1,714
1,717 ' 1, 716
80
'78
76
965
969
'974
1,311 ' 1, 289 ' 1, 278
679
'679
'682
1,080
1,081 '1,088
1,034 '1,040 ' 1, 037
201
202
'202
569
572
'644
271
266
268

7,924
1,707
76
961
1,269
672
1,086
1,038
203
647
265

694

745

3,957

3,457

77 310
62,465
44 048
22 601
750
3,432

20 046
11 895
177
626
517
690
1 344
1,505
2 218
2,030
1 821
520
448

18 347
10 679
171
557
451
614
1 180
1,336
2 069
1,761
1 649
489
404

18 417
10 650
165
568
464
615
1 169
1,340
2 035
1,755
1 643
486
410

18 493
10 661
164
576
467
615
1 149
1,344
2 039
1,767
1 641
490
409

7 767
1,693
80
938
1,261
648
1 075
1,011
200
599
262

7 832
1,695
79
953
1,287
652
1 071
l|oi9
201
608
267

54 436
4,498
16, 947
4 177
12 771
4,223
13 995
14 773
2 748
12 025

54 709
4,467
17,045
4 181
12 864
4,239
14 113
14 845
2 765
12 080

54886
4,476
17,043
4,180
12863
4,246
14,157
14964
2,767
12 197

54, 917
4,496
17,010
4,174
12836
4,248
14,188
14975
2,761
12214

55 053
4,477
17, 080
4 190
12 890
4,264
14 229
15 003
2 755
12 248

55,265
4,494
17,233
4,214
13,019
4,266
14,307
14, 965
2,746
12, 219

55,467
4,517
17,326
4,236
13 090
4,266
14,360
14,998
2,740
12258

55,617
4,498
17,386
4,236
13, 150
4,276
14, 422
15, 035
2,732
12, 303

55,819
4,510
17,444
4,255
13,189
4,293
14,498
15, 074
2,730
12,344

55,800
4,498
17,439
4,262
13,177
4,278
14,514
15, 071
2,727
12,344

55,852
4,477
17,460
4,254
13,206
4,297
14,557
15,061
2,725
12, 336

56,082
4,500
17,567
4,267
13,300
4,303
14,623
15,089
2,721
12,368

' 56,313
' 4, 507
' 17,612
' 4, 286
' 13,326
' 4, 343
' 14,768
' 15,083
' 2, 736
' 12,347

56, 376
4,492
17, 625
4,291
13,334
4,372
14, 788
15,099
2,739
12, 360

53,029

R19.

51,046
13 070

51,873
13 428

51, 950
13,420

51,952
13370

52, 113
13 329

50,872
13,243

50,907
13290

51,361
13,409

52,102
13 529

52,497
13,571

53,226
13,774

52,976 ' 53,356 ' 53,563
13,470 13, 797 ' 14,029

53,447
13,808

53, 029
18 374

51,046
16 397

51, 315
16 467
569
565
2 741
2 762
13 070 13 157
7 527
7 543
75
80
475
464
379
364
488
485
911
919
1,000
996
1,314
1,346
1,139
1,140
1,140
1 148
291
293
315
309

51,435
16,532
585
2,712
13,235
7 548
75
483
381
488
894
1,004
1,319
1,151
1,144
295
314

51,420
16,512
581
2,709
13,222
7,539
71
481
384
489
892
1,000
1,310
1,147
1,155
296
314

51, 592
16, 600
587
2,702
13,311
7 603
73
485
387
489
903
1,006
1,308
1,160
1,182
298
312

51,963
16,744
582
2,714
13,448
7,698
73
496
390
489
907
1,020
1,317
1,171
1,211
302
322

52,103
16,723
577
2 659
13,487
7 722
73
497
397
486
911
1,030
1,318
1,179
1,202
304
325

52, 293
16,815
583
2,655
13, 577
7,795
73
498
399
489
917
1,040
1,326
1,197
1,224
305
327

52,551
16,942
586
2,688
13,668
7,858
74
500
404
497
925
1,049
1,328
1,209
1,236
310
326

52,524
16924
585
2 683
13,656
7 900
73
502
408
499
931
1,051
1,337
1,215
1,241
313
330

52,525
16,883
590
2,663
13,630
7,890
72
504
402
500
940
1,046
1,333
1,214
1,239
313
327

52,710
16, 887
598
2,682
13,607
7,872
71
507
399
503
949
1,044
1,341
1,200
1,224
313
321

52, 932
16,892
606
2,664
13,622
7,871
68
518
399
503
951
1,047
1,336
1,228
1,193
310
318

94. RQ7

1,713
80
988
1,348
702
1 119
1,057
199
676
278
co 71 c

4,696
17,017
4990
4,208

iq ci7
I 77
9 794

H

n

H

A CO

7 668
1,676
78
902
1,235
643
1 079
1,013
197
588
257

' 56,250
' 4, 501
' 17,603
'4,268
' 13,335
' 4, 312
' 14,709
' 15,125
2,735
' 12,390

Seasonally Adjusted
Production or nonsupervisory workers on private
nonagricultural payrolls
thous._
Goods-producing
do
Mining
_
do
Contract construction
do
Manufacturing
do
Durable goods
do
Ordnance and accessories
do
Lumber and wood products
do
Furniture and
fixtures.
do
Stone, clay, and glass products
do
Primary metal industries
do
Fabricated metal products
do
Machinery, except electrical..
do
Electrical equipment and supplies ___dol".
Transportation equipment
do
Instruments and related products
do
Miscellaneous manufacturing
do
Nondurable goods
do
Food and kindred products
do"~I
Tobacco manufactures
" do
Textile mill products
do
Apparel and other textile products.. .do
Paper and allied products
do
Printing and publishing..
"do""
Chemicals and allied products
do._I~
Petroleum and coal products
do
Rubber and plastics products, nec.IIdoIIII
Leather and leather products
do'."..
Service-producing
Transportation, comm., elec., gas etc
Wholesale and retail trade. _ _
Wholesale trade .
Retail trade
Finance, insurance, and real estate
Services
• Revised.

*> Preliminary.




do
do
do"""
do
do "*"
do ...
do

527

3 234
14 613
o AAI

85

533
423

552

1,074
1,150
1,495
1,372
1 285
322
350
5 972
1,164
66
862
1,163
540
671
612
126
530
237

5 528
1,136
65
782
1,061
483
636
570
125
450
219

5 630
1,150
66
819
1,086
487
632
573
128
463
226

5,687
1,154
65
832
1,107
490
630
579
129
471
230

5,683
1,143
67
831
1,112
492
629
580
130
466
233

5,708
1,144
66
836
1,121
497
631
579
130
470
234

5,750
1,156
66
837
1,133
502
627
583
131
477
238

5 765
1,166
64
841
1,127
505
626
587
132
479
238

5,782
1,153
62
842
1,140
508
629
588
132
488
240

5,810
1,164
62
848
1,135
512
630
590
133
494
242

5,756
1,168
62
850
1,132
515
632
589
132
435
241

5,740
1,171
61
845
1,133
515
629
585
130
433
238

34, 656
4,058
15, 065
3,526
11,540
3,240
12. 293

34, 652
3,857
14, 964
3,462
11,502
3,221
12,607

34, 848
3,828
15, 076
3,463
11,613
3,234
12,710

34, 903
3,835
15, 077
3,459
11,618
3,232
12,759

34,908
3,854
15,031
3,452
11,579
3,240
12, 783

34, 992
3,832
15, 087
3,467
11,620
3,251
12, 822

35,219
3,854
15,226
3,492
11,734
3,258
12,881

35,380
3,880
15,304
3,509
11,795
3,258
12,938

35, 478
3,863
15, 349
3,505
11, 844
3,268
12, 998

35,609
3,869
15,411
3,520
11,891
3,276
13,053

35,600
3,851
15,409
3,528
11,881
3,260
13,080

35,642
3,832
15,418
3,519
11,899
3,280
13,112

' 52,822 ' 53,048
' 16,865 ' 17,018
'602
'560
' 2, 665 ' 2, 650
'
13,
766
13,640
' 7, 919 ' 7, 975
68
71
'516
'508
'408
'398
'502
501
'962
'957
1,052 ' 1, 063
' 1, 346 ' 1, 366
'1,223 '1,220
' 1, 233 ' 1, 234
'312
'311
'324
'319

5,735 ' 5, 721 ' 5, 791 5,751
1,161
1,172 ' 1, 170 ' 1, 169
63
63
'65
67
838
'852
848
841
1,086
1,097
1,126 ' 1, 107
508
'517
514
515
631
'632
'630
630
596
'594
'595
589
133
131
'130
130
508
'507
433
431
227
229
229
234
35,823 r 35,957
3,851 ' 3, 854
15,524 r 15,561
3, 532 r 3, 531
11,992 r12,030
3, 289
3,282
13,166 ' 13,253

' 36,030
' 3, 857
r 15,563
' 3,542
' 12,021
3,314
13, 296

36, 040
3,843
15, 584
3,549
12, 035
3,330
13, 283

SUKVEY OF CURRENT BUSINESS

November 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

1974

1976

1975

1975

Annual

S-15

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept. »

Oct. P

LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
AVERAGE HOURS PER WEEK
Seasonally Adjusted
Avg. weekly hours per worker on private nonagric.
payrolls: H Seasonally adjusted
hours..
Not seasonally adjusted
do
M inlng
do
Contract construction
__do .
Manufacturing: Not seasonally adjusted do
Seasonally adjusted
do
Overtime hours
do_.

36.2
36.2
42.7
36.6
39.9
39.8
2.8

36.3
36.2
42.9
36.8
40.1
39.9
2.8

36.4
36.5
42.8
37.3
40.8
40.3
3.0

36.5
36.0
43.0
37.7
39.9
40.5
3.0

36.4
36.0
43.1
37.9
39.9
40.3
3.1

36.2
35.9
42.8
35.9
40.0
40.2
3.2

36.1
35.9
42.6
37.5
39.2
39.4
2.5

36.2
36.1
42.5
37.2
40.2
40.2
3.2

36.1
36.4
42.3
37.1
40.4
40.2
3.1

36.2
36.6
42.5
36.8
40.0
40.2
3.2

36.2
36.6
Ml.O
36.8
MO.O
MO.O
3.0

36.0
36.2
M3.1
'35.9
MO.I
'39.7
'3.1

36.2
36.2
43.2
37.2
39.9
39.8
2.9

3.2

2.6

36.1
36.3
42.1
36.7
40.2
39.8
2.8

Durable goods
Overtime hours
Ordnance and accessories _ _ .
Lumber and wood products
Furniture and fixtures _
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
_
Machinery, except electrical.
Electrical equipment arid supplies
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind

..do
do_.
do
do
do..
do
do
do
do
do
do
do
do

40.7
3.4
41.7
39.7
39.0
41.4
41.7
40.8
42.3
39.8
40.1
40.2
38.5

39.9
2.5
41.3
39.1
37.9
40.6
40.0
40.0
40.9
39.5
40.3
39.5
38.3

40.2
2.7
41.7
39.6
38.9
40.8
39.9
40.2
40.7
39.6
40.9
39.7
38.7

40.0
2.6
41.6
39.8
38.9
40.8
39.9
40.4
40.6
39.6
40.4
39.7
38.8

40.2
2.7
41.7
39.4
39.1
40.9
40.2
40.5
40.9
39.6
40.8
39.9
38.6

40.7
2.9
41.3
40.2
39.5
41.3
40.3
41.1
41.2
40.1
41.9
40.3
39.2

40.9
2.9
41.4
40.8
39.4
41.5
40.4
41.0
41.3
40.4
41.7
40.4
39.1

40.7
3.0
40.7
40.5
39.3
41.4
40.6
41.0
41.2
40.2
41.6
40.2
38.7

40.6
3.1
40.8
39.9
39.0
40.7
40.5
40.9
41.0
40.1
42.1
40.5
38.8

39.7
2.5
39.6
40.0
38.4
41.0
40.4
39.6
40.2
39.2
40.6
39.6
38.0

40.9
3.3
40.8
40.1
38.9
41.3
40.9
40.9
41.1
40.2
42.2
40.8
38.7

40.8
3.3
41.1
39.8
38.6
41.2
41.1
40.9
41.1
40.1
42.4
40.5
38.6

40.8
3.3
40.9
40.5
38.5
41.0
41.2
40.8
41.4
40.1
42.0
40.8
38.7

40.8
3.2
40.5
MO. 3
'38.5
Ml.l
40.9
41.0
41.4
MO.I
M2.1
40.4
38.4

40.3
'3.1
MO. 5
'39.8
'38.1
Ml.O
MO. 5
MO. 6
40.8
'39.8
Ml.l
'39.9
38.4

40.4
3.1
41.0
40.4
38.4
41.1
40.7
40.3
40.9
40.4
41.0
39.9
38.6

Nondurable goods
Overtime hours
Food and kindred products
Tobacco manufactures
Textile mill products .
Apparel and other textile products

do
do
do
do
do
do

39.1
3.0
40.4
38.0
39.4
35.1

38.8
2.7
40.3
38.0
39.2
35.1

39.4
3.0
40.9
38.0
40.9
36.0

39.5
3.0
40.6
37.5
41.0
36.2

39.5
3.0
40.4
39.7
41.0
36.1

39.7
3.2
40.5
37.7
41.2
36.6

39.9
3.3
40.7
39.1
41.4
36.6

39.7
3.1
40.5
39.5
40.9
36.3

39.5
3.2
40.2
39.3
40.7
36 2

38.7
2.6
40.0
39.0
39.0
34.9

39.5
3.1
40.2
38.4
40.7
35.9

39.2
2.9
40.0
38.4
40.3
35.9

39.1
3.0
40.0
34.5
40.1
35.5

39.0
2.8
40.1
'36. 7
39.4
'35.2

'39.0
2.8
MO. 2
'37.0
'39.2
'35.0

39.0
2.8
40.4
37.0
39.4
35.0

Paper and allied products .
do
Printing and publishing
do
Chemicals and allied products.
do
Petroleum and coal products
. do
Rubber and plastics products, nec_
do
Leather and leather products
do

42.1
37.6
41.6
42.5
40.4
37.2

41.6
37.0
40.9
41.6
39.7
37.4

42.2
36.9
41.3
41.6
40.1
38.4

42.3
37.0
41.4
41.8
40.0
38.9

42.4
37.3
41.4
42.0
40.0
38.4

42.9
37.6
41.7
41.8
40.6
38.7

42.7
37.8
41.6
42.5
40.9
38.6

42.7
37.5
41.7
42.4
40.9
38.4

42.5
37.4
41.5
42.4
41.0
38.6

41.8
37.1
41.5
42.2
39.4
37.5

42.8
37.5
41.6
42. 2
4a7
38.1

42.5
37.4
41.4
41.9
40.3
37.1

42.3
37.6
41.4
42.1
40.3
37.0

42.1
'37.5
41.3
42.0
MO.I
»-36.8

M2. 2
'37.4
'42. 0
'42. 2
MO. 3
'36.7

41.9
37.3
41.5
41.8
40.4
36.9

Trans., comm., elec., gas, etc.. .
... do
Wholesale and retail trade..
._
do
Wholesale trade
do
Retail trade
do
Finance, insurance, and real estate
do
Services
._
..
do

40.2
34.1
38.9
32.7
36.7
33.9

39.6
33.8
38.6
32.4
36.5
33.8

39.7
33.6
38.5
32.2
36.3
33.6

39.7
33.9
38.8
32.3
36.4
33.7

39.6
33.8
38. 7
32.5
36.7
33.9

39.9
33.9
38.8
32.4
36.4
33.6

39.6
33.9
38.9
32.5
36.5
33.7

39.8
33.9
38.8
32.3
36.7
33.7

39.9
33.7
38.7
32.2
36.5
33.5

40.0
33.9
38.9
32.5
36.6
33.5

39.6
33.8
38.9
32.3
36.8
33.7

39.8
33.6
38.7
32.0
36.6
33.4

39.7
33.6
39.1
32.0
36.6
33.4

MO.O
33.6
38.9
31.9
'36.8
'33.5

MO.O
33.5
38.8
32.0
'36.7
'33.3

40.0
33.6
38.7
32.0
36.6
33.5

150. 72
122. 63
1.53
7.58
41.50
9.82
30.27
8.01
23.93
28.08

146. 75
117. 58
1.64
6.58
37.62
9.27
29.88
8.01
24.59
29.17

147.26
118.00
1.65
6.55
38.06
9.18
29.91
8.00
24.66
29.26

148.29
118.49
1.72
6.48
38.17
9.24
30.04
8.04
24.81
29.80

148.44
118.92
1.71
6.52
38.22
9.26
30.09
8.11
25.01
29.51

149.09
119.37
1.71
6.61
38.66
9.29
30.17
8.07
24.86
29.72

150.30
120. 50
1.71
6.72
39.12
9.25
30.53
8.10
25.07
29.80

149.78
120.62
1.71
6.65
39.07
9.35
30.53
8.14
25.16
29.17

149. 87
120. 32
1.71
6.28
39.21
9.33
30.54
8.12
25.12
29.55

149.14 150.95
120.84 121.41
1.71
1.71
6.63
6.55
38.80
39.52
9.389.26
30.90
30.75
8.17
8.19
25.26
25.43
28.30
29.54

150.26
120.82
1.71
6.49
39.36
9.27
30.54
8.18
25.28
29.45

113.0
103.4
111.7
117.1
100.7
102.0
98.8
119.7
108.6
116.2
114.4
116.9
125.0
127.9

107.4
91.2
119.5
99.0
88.8
87.5
90.8
118.6
101.7
114.3
111.6
115.3
123.5
130.8

107.9
92.4
119.9
98.6
90.3
87.7
94.1
118.7
101.1
114.6
111.3
115.8
123.5
131.1

108.4
92.7
125.0
97.3
90.8
87.8
95.1
119.3
101.2
115.1
112.0
116.2
123.7
132.0

108.8
92.9
124.7
97.7
90.9
88.1
95.0
119.8
101.5
115.2
111.5
116.6
125.1
133.1

109.3
94.3
125.7
98.8
92.5
90.0
96.2
119.7
101.7
115.5
112.3
116.6
124.5
132.3

110.3
95.5
125.2
100.3
93.7
91.3
97.1
120.6
101.5
116.8
113.4
118.1
125.1
133.3

110.5
95.2
124.4
98.8
93.6
91.3
96.9
121.0
102.7
116.8
113.6
118.0
125.8
133.9

110.2
94.8
124.8
93.4
94.0
92.0
96.9
120.9
102.5
116.8
113.2
118.1
125.5
133.7

110.7
94.5
124.9
98.8
92.7
91.0
95.3
121.9
102.9
118.2
114.3
119.7
126.1
134.3

4.22
5.21
6.75
4.41
4.24
4.69
4.50
4.71
3.91
3.50
4.52
5.60
4.59
4.92
4.17
5.48
4.20
3.50

5.90
7.25
4.81
4.66
5.14
4.98
5.23
4.28
3.75
4.89
6.17
5.04
5.36
4.58
6.02
4.56
3.79

6.02
7.42
4.89
4.70
5.24
5.06
5.39
4.43
3.79
5.01
6.39
5.17
5.47
4.G6
6.14
4.60
3.82

6.02
7.42
4.90
4.72
5.26
5.08
5.41
4.42
3.81
5.02
6.35
5.19
5.51
4.66
6.24
4.60
3.83

6.11
7.45
4.93
4.76
5.29
5.11
5.44
4.41
3.82
5.06
6.43
5.22
5.54
4.70
6.25
4.64
3.87

6.17
7.51
5.00
4.82
5.38
5.19
5.54
4.43
3.85
5.06
6.48
5.29
5.62
4.78
6.39
4.74
3.94

6.27
7.50
5.02
4.85
5.38
5.20
5.49
4.46
3.86
5.05
6.51
5.29
5.61
4.77
6.35
4.75
3.97

4.74
6.29
7.47
5.04
4.86
5.40
5.21
5.54
4.48
3.87
5.07
6.56
5.30
5.63
4.78
6.38
4.77
3.95

4.75
6.29
7.54
5.07
4.88
5.43
5.24
5.56
4.50
3.90
5.11
6.63
5.32
5.66
4.80
6.44
4.78
3.96

4.77
6.33
7.50
5.07
4.92
5.41
5.26
5.59
4.52
3.91
5.20
6.77
5.27
5.62
4.76
6.31
4.77
3.95

36.6
42.4
36.9
40.0

36.1
42.3
36.6
39.4

AGGREGATE EMPLOYEE-HOURS
Seasonally Adjusted
Employee-hours, wage & salary workers in nonagric. establish., for 1 week in the month, seasonally adjusted at annual rate
bil. hours..
Total private sector...
do
Mining
do
Contract construction
do
Manufacturing. _
do
Transportation, comm., elec., gas
do
Wholesale and retail trade
do
Finance, insurance, and real estate
do
Services
do
Government ..
do
Indexes of employee-hours (aggregate weekly) :1f
Private nonagric. payrolls, total
1967 = 100
Goods-producing
do
Mining
do
Contract construction
. do
Manufacturing
do
Durable goods
do
Nondurable goods
.
Service-producing
Transportation, comm., elec., gas
Wholesale and retail trade
Wholesale trade
Retail trade
.
Finance, insurance, and real estate
Services

do
do
do
do
do
do
do
do

111.2
96.0
124.4
97.8
94.7
93.6
96.2
121.7
101.4
117.7
114.5
118.9
126.2
135.3

110.6
95.5
124.9
96.8
94.2
_ 93.4
95.4
121.1
101.4
116.8
113.7
118.0
126.3
134.5

151. 06 ' 151.17 ' 151.32
121. 17 ' 121.36 ' 121.51
1.74
1.78
M.60
6.46
'6.41 '6.23
39.29 ' 39. 36 ' 39. 45
9.29
'9.38
'9.36
30.81 ' 30. 75 ' 30. 82
8.19
' 8. 25 '8.29
25.40 ' 25. 62 ' 25. 57
29.89 ' 29. 81 «• 29. 80

152. 04
121 . 73
1.81
6.49
39.18
9.34
30.82
8.32
25.76
30.31

111.0
111.3
111.1 '111.2
95.3 ' 94. 9 95.1
95.1
127.2 ' 114. 9 ' 129. 8
131.0
96.7 '96.1
97.1
93.2
94.0 '94.0 '94.3
93.5
92.5
93.3 '93.8
93.3
95.0 '94.3 '95.7
95.0
121.8
122.6
122.3 ' 122. 4
101.7
102.5 ' 102. 6 102.2
117.9
118.0
117.7 '118.0
115.3
114.6 ' 114. 7 114.6
119.3
118.9
119.2
118.9
128.2
126.3
127.3 '127.9
135.0
136.6
136.3 ' 135. 9

HOURLY AND WEEKLY EARNINGS
Average hourly earnings per worker:1f
Not seasonally adjusted:
Private nonagric. payrolls
.dollars-Mining
do
Contract construction
...do ..
Manufacturing..
do
Excluding overtime
do
Durable goods
do
Excluding overtime
do
Ordnance and accessories
.
do
Lumber and wood products
--.do.-Furniture and
fixtures
do
Stone, clay, and glass products
do
Primary metal industries.
...do
Fabricated metal products
do
Machinery, except electrical
do
Electrical equipment and supplies .do
Transportation equipment
do
Instruments and related products. -do
Miscellaneous manufacturing ind_..do
r

Revised.

* Preliminary.




f Production and nonsupervisory workers.

4.82
6.35
7.61
5.12
4.93
5.49
5.28
5.64
4.61
3.93
5.26
6.73
5.40
5.69 I
4.82 i
6.48
4.81
3.99

4.84
6.32
7.60
5.15
4.96
5.53
5.31
5.64
4.76
3.96
5.30
6.77
5.44
5.72
4.84
6.52
4.83
3.99 !

4.86
6.39
7.68
5.20
5.00
5.55
5.35
5.75
4.81
3.97
5.33
6.83
5.42
5. 75
4.90
6.50
4.88
4.02

4.88
••6.29
••7.71
5.21
5.02
5.58
'5.37
'5.77
M.83
4.01
5.36
'6.92
5.46
'5.79
' 4. 95
'6.52
' 4. 90
M.OO

M.96
6.55
'7.81
'5.30
5.09
5.66
' 5. 43
'5.86
M.87
M.05
'5.42
'6.95
'5.54
'5.86
5.02
'6.67
' 4. 93
4.02

4.97
6.57
7.84
5.29
5.09
5.64
5.42
5.92
4.85
4.04
5.44
6.96
5. 49
5.84
5.05
6.63
4.89
4.06

SURVEY OF CURRENT BUSINESS

S-16
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS

1974

November 1976

1975

1975
Sept.

Annual

1976

Nov.

Oct.

Jan.

Dec.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.p

Oct.?

LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HOURLY AND WEEKLY EARNINGS—-Con.
Avg. hourly earnings per worker, private nonagric.
payrolls. Not seas, adj. 1 —Continued
Manufacturing— Continued
Nondurable goods
dollars
Excluding overtime
do
Food and kindred products
. do
Tobacco manufactures
do
Textile mill products
do
Apparel and other textile prod
do
Paper and allied products
do
Printing and publishing
do
Chemicals and allied products
do
Petroleum and coal products
do_.
Rubber and plastics products, nee. do
Leather and leather products
do
Transportation, comm., elec.x gas
do
Wholesale and retail trade
do
Wholesale trade
do
Retail trade
do
Finance insurance, and real estate
do
Services
_.
_.
do
Seasonally adjusted:
Private nonagricultural payrolls
. . do
Mining
do
Contract construction
do
Manufacturing
do
Transportation, comm., elec., gas
do
Wholesale and retail trade
.
do
Finance, insurance, and real estate
do
Services
do .
Indexes of avg. hourly earnings, seas, adj.: 0 f
Private nonfarm economy:
Current dollars
1967=100
1967 dollarsA
do
Mining .
do
Contract construction
do
Manufacturing
__
do
Transportation, comm., elec., gas.
do
Wholesale and retail trade
do. ..
Finance insurance and real estate
do
Services
do
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (E NR): d"
Common labor.
$ per hr
Skilled labor
do
Farm (U.S.) wage rates, hired workers, by
method of pay:
All workers, other than piece-rate
do
Workers receiving cash wages only..
do
u tfrtj p<uu per our, cdbii wdgeb oniy__uo
Avg. weekly earnings per worker, ITprivate nonfarm:
Current dollars, seasonally adjusted
1967 dollars, seasonally adjusted A .
Spendable earnings (worker with 3 dependents):
Current dollars, seasonally adjusted
1967 dollars, seasonally adjusted A
Current dollars, not seasonally adjusted:
Private nonfarm, total...
.dollars-Mining
do
Contract construction
do
Manufacturing
do
Durable goods
do
Nondurable goods
do
Transportation, comm., elec., gas
do
Wholesale and retail trade
...do ._
Wholesale trade
do
Retail trade.
do
Finance, insurance, and real estate.. . do...
Services
do
HELP- WANTED ADVERTISING
Seasonally adjusted index .
1967=100
LABOR TURNOVER
Manufacturing establishments:
Unadjusted for seasonal variation:
Accession rate, total
mo. rate per 100 employees..
New hires
_
do
Separation rate, total_
do
Quit.
do
Layoff
_.
do
Seasonally adjusted:
Accession rate, total-..
do
New hires
do
Separation rate, total
do
Quit..
do
Layoff.
__
do

3.99
3.84
4.16
4.10
3.19
2.99
4.51
4.97
4.85
5.61
4.03
3.01
5.43
3.47
4.49
3.09
3.82
3.76

4.35
4.20
4.57
4.51
3.40
3.19
4.99
5.36
5.37
6.42
4.35
3.23
5.92
3.75
4.89
3.34
4.13
4.06

4.41
4.23
4.62
4.29
3.48
3.22
5.11
5.49
5.48
6.61
4.41
3.26
6.11
3.80
4.94
3.39
4.16
4.13

4.42
4.25
4.65
4.27
3.53
3.24
5.15
5.49
5.50
6.61
4.42
3.25
6.14
3.82
4.98
3.41
4.17
4.16

4.45
4.28
4.70
4.40
3.53
3.25
5.21
5.47
5.56
6.66
4.44
3.28
6.19
3.83
5.02
3.41
4.24
4.22

4.48
4.31
4.75
4.54
3.55
3.27
5.23
5.50
5.61
6.67
4.51
3.31
6.18
3.81
5.03
3.40
4.23
4.23

4.53
4.37
4.81
4.84
3.57
3.33
5.25
5.53
5.66
6.96
4.50
3.37
6.23
3.89
5.05
3.47
4.26
4.26

4.54
4.38
4.83
4.88
3.56
3.33
5.25
5.58
5.69
7.03
4.52
3.39
6.29
3.90
5.07
3.48
4.33
4.29

4.56
4.39
4.84
5.01
3.57
3.37
5.25
5.60
5.70
7.08
4.55
3.40
6.29
3.91
5.06
3.48
4.31
4.28

4.59
4.44
4.88
5.12
3.52
3.37
5.26
5.60
5.77
7.12
4.50
3.41
6.35
3.92
5.10
3.50
4.34
4.30

4.59
4.42
4.90
5.13
3.57
3.38
5.31
5.66
5.79
7.11
4.36
3.42
6.39
3.95
5.15
3.52
4.36
4.34

4.62
4.45
4.92
5.23
3.59
3.40
5.39
5.65
5.84
7.11
4.38
3.43
6.42
3.96
5.14
3.53
4.34
4.34

4.69
4.52
4.96
5.00
3.71
3.39
5.47
5.67
5.92
7.13
4.40
3.41
6.46
3.97
5.17
3.54
4.36
4.33

'4.70
4.53
4.98
'4.62
'3.75
3.42
'5.50
5.71
5.93
'7.13
'4.40
'3.45
'6.56
'3.98
'5.21
'3.55
'4.40
'4.32

'4.80
'4.61
'5.01
'4.65
3.78
'3.49
'5.57
'5.79
'6.03
'7.23
'4.84
'3.48
'6.61
' 4. 03
'5.24
3.59
'4.40
'4.43

4.80
4.62
5.04
4.66
3.80
3.47
5.57
5.76
6.03
7.18
4.82
3.48
6.62
4.03
5.24
3.60
4.41
4.46

4.22
5.21
6.75
4.41
5.43
3.47
3.82
3.76

4.54
5.90
7.25
4.81
5.92
3.75
4.13
4.06

4.60
6.01
7.32
4.88
6.04
3.79
4.16
4.10

4.63
6.08
7.32
4.90
6.12
3.82
4.18
4.15

4.68
6.10
7.41
4.93
6.17
3.84
4.26
4.22

4.68
6.11
7.46
4.96
6.17
3.84
4.22
4.22

4.73
6.19
7.46
5.00
6.22
3.87
4.24
4.25

4.75
6.26
7.46
5.04
6.29
3.88
4.30
4.27

4.77
6.30
7.59
5.08
6.33
3.90
4.30
4.27

4.78
6.30
7.56
5.06
6.37
3.91
4.33
4.30

4.83
6.36
7.65
5.13
6.44
3.94
4.36
4.34

4.84
6.35
7.69
5.16
6.47
3.96
4.36
4.36

4.87
6.44
7.77
5.22
6.46
3.99
4.37
4.36

4.89
'6.34
'7.74
5.25
'6.56
'4.00
'4.43
'4.37

'4.92
6.54
'7.71
'5.29
'6.54
'4.02
'4.40
'4.40

4.94
6.64
7.74
5.30
6.59
4.03
4.42
4.45

158.6
107.4
163.1
163.7
156.0
167.3
155. 0
148.6
163.3

172.7
107.1
183.2
175.4
171.5
182.5
168.1
161.5
176.0

175.2
107.2
187.2
177.3
174.5
186.3
170.5
162.6
177.8

176.7
107.4
188.9
177.6
176.0
188.8
171.9
163.8
179.4

178.2
107.6
189.4
179.2
176.9
190.7
172.9
167.1
182.2

178.6
107.3
190.2
180.3
177.6
190.5
172.4
165.1
182.6

179.6
107.5
192.2
180.0
178.8
192.2
174.0
165.9
184.6

180.8
108.1
193.6
180.1
179.8
194.1
174.4
168.3
185.4

181.4
108.2
194.8
183.4
180.7
194.8
174.9
168.3
185.2

182.2
108.3
195.9
183.2
181.8
195.5
175.7
169.0
186.5

183.7
108.5
197.6
185.1
182.4
198.5
177.3
170.4
188.2

184.5
108.5
197.7
185.8
183.6
199.4
177.5
170.0
189.3

185.7
108.7
199.9
187.5
185.4
200.1
178.8
170.6
189.0

187. 0
108. 9
203. 1
187. 1
186. 6
202. 3
180. 0
173. 1
190. 4

' 187. 5
' 108. 7
203.9
186.6
' 188. 1
' 202. 0
' 180. 3
' 172. 0
' 190. 7

188.6
108. 9
207.2
187.4
188.8
203.4
180.9
173.0
192.6

7.55
10.18

8.30
11.01

8.58
11.29

8.59
11.35

8.60
11.37

8.62
11.42

8.62
11.42

8.63
11.43

8.63
11.44

8.63
11.52

8.77
11.69

9.03
11.91

9.06
12.05

9.08
12.08

9.13
12.15

9.17
'12.16

2 25
2.21
2.43
2 32
5 707

2 43
2.38
2.60
2 45
6 389

154. 45
104.57

163. 89
101.67

166. 06
101. 57

167. 61
101. 89

169. 88
102. 65

170. 35
102. 37

172.65
103.32

172.90
103.35

172. 67
103. 03

172.56
102.53

174.85
103.28

174. 72
102. 72

176. 29

177. 02 ' 177. 12 178. 83
103.04 ' 102. 68

134. 37
90.97

145. 93
90.53

149.81
91.63

151.02
91.81

152. 76
92.30

153. 12
92.02

153.72
91.99

153.91
92.00

153. 73
91.72

153.65
91.30

155.42
91.80

155. 32
91.31

156. 50
91. 57

157. 05 ' 157. 13
91.41 ' 91.09

154. 45
220. 90
249. 08
176. 40
190. 88
156. 01
218. 29
118. 33
174. 66
101. 04
140. 19
127. 46

163. 89
249. 57
265. 35
189. 51
205. 09
168. 78
234. 43
126. 75
188. 75
108. 22
150. 75
137. 23

168. 43
255.25
278.99
196. 58
212. 22
175. 52
243. 79
128.06
190.68
109.50
150.59
139. 18

168. 69
259. 46
278. 25
195. 51
211. 45
175.03
244. 99
128. 73
193. 22
109. 46
151. 79
139. 78

169. 42
262. 73
270. 44
197. 69
213. 72
176. 67
245.12
128. 69
194.27
109. 46
155. 18
142.21

170. 82
264.69
275.62
204.00
222. 73
179.20
246.58
130.30
197.18
111.18
153. 97
142.13

169.92
266.48
270.00
200. 30
216.81
178. 48
244.84
129.93
195.44
110.69
155.49
142.71

170.64
268.58
272.66
201.10
218.16
178. 42
248.46
130.26
195.20
110.66
158.91
143. 72

170. 53
265.44
269.18
202. 80
219. 92
179.21
248.46
130.20
194. 81
110.32
156.88
142.52

171.24
267.76
278.25
198. 74
214. 24
176.72
251.46
131. 71
196.86
112. 35
158.84
143. 19

174.00
269.88
283.09
205. 82
224. 54
180.85
252.41
132. 33
199.82
112.29
160.01
144.96

176. 18
270. 50
288.04
208. 06
227. 28
182. 03
256. 80
134. 24
199. 95
114. 37
158.84
145. 82

177. 88 178. 61 ' 179. 55 179. 91
272.85 '259.15 ' 284. 27 286. 45
291. 07 '292.21 ' 287. 41 298. 70
r

110

80

83

83

87

88

87

91

94

96

98

97

94

4.2
3.2
4.8
2.3
1.5

3.7
2.0
4.2
1.4
2.1

2 2

35
21

4.2
26

12
1. 1

15

1.9

3g
21
3.7
13
1.6

39
2 5
3.5
16
1. 1

44
30
3.4
17
.9

48
36
3. 5
18
.9

42
28
4. 3
18
1.6

51
35
4. 9
2 8
'1.1

4.4

3.0
4.3
2.0
1.4

3.8
2.4
3.9
1.5
1.3

4.2
2.4
3.5
1.5
1.2

4.2
2.7
3.5
1.6
1.1

4.4
2.9
3.9
1.7
1.2

4.1
2.7
3.7
1.7
1.3

3.9
2.7
3.8
1.7
1.3

3.8
2.7
3.8
1.8
1.3

4.0
2.7
3.9
1.7
1.1

3.8
2.6
3.8
1.8
'1.3

3.6
2.5
3.8
1.6
1.5

239
566

712

384

474

531

650

912

463
917

379

428

276
457
5,463

OOQ

112
396

300
413

9 fi^

9 7^

2.56
2.82
2 65

2.69
2.97
2 76

3.7
2.3
3.5
1.3
1.7

28

4.0
1.6

3.5
19
1.7

3.6
2.2
3.7
1.5
1.7

3.7
2.3
4.0
1.6
1.6

1 7

WORK STOPPAGESf
Industrial disputes:
Number of stoppages:
300
426
495
5,031
Beginning in month or year..
number6,074
656
823
907
In effect during month
do
Workers involved in stoppages:
63
143
217
1,746
Beginning in month or year
thous. . . 2,778
372
In effect during month
do_ 1,737
2,327
3,684
Days idle during month or year
do
31, 237
47, 99l
r
Revised.
v Preliminary.
1 Production and nonsuperyisory workers.
0 The
indexes exclude effects of changes in the proportion of workers in high-wage and low-wage
industries, and the manufacturing index also excludes effects of fluctuations in overtime
premiums.
§ For line-haul roads only.
A Earnings in 1967 dollars reflect changes in




2.53
2.48

2.64

2.52

6 584

7

3

2.66
2.63

'
'
'
'
'
'
'
'
'

1

Q

3.4

97ft
999

f-A

1 Sfi

rrn

158.41

208. 40

224. 78 225. 99 ' 229. 80
183.85 ' 184. 24 ' 189. 12
' 265. 02

136. 97 ' 136. 91 ' 135. 41
' 203. 19

117.17 '117.15
160. 01 ' 162. 36 '161.04
147.22 ' 146. 88

cqq

1/18 Qfi

3 2
2 5

AQ7

5,223
6,438
3,222
1,854
1,398
4,633
726
1,120
purchasing power since 1967 by dividing by Consumer Price Index. Effective *«"• *'•"
SURVEY, data revised (back to 1967) in accordance with the new seasonal adjustment metnoas
for the CPI. tfWages as of Nov. 1, 1976: Common, $9.19; skilled, $12.16.
tRevisions for 1975 appear in the July 1976 SURVEY.

SURVEY OF CURRENT BUSINESS

November 1976
1974

Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS

1975

1975

Annual

S-17

Sept.

Oct.

197G
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

3,457

3,642

"3,445 "3,236

Sept.

Oct.

LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
UNEMPLOYMENT INSURANCE
Unemployment insurance programs:
Insured unemployment, all programs, average
2,568
weekly §9 .
. _ „ . thous_.
State programs (excl. extended duration prov.):
18, 880
Initial claims
thous
2,260
Insured unemployment, avg. weekly do .
Percent of covered employment: A
3.5
Unadjusted
Seasonally adjusted
1,874
Beneficiaries, average weekly
thous
Benefits paid §
mil. $_ 5,974.9
Federal employees, insured unemployment,
average weekly
thous
Veterans' program (UCX):
Initial claims
do
Insured unemployment avg weekly do
Beneficiaries average weekly
do
Benefits paid
mil. $
Railroad program:
Applications
thous
Insured unemployment avg weekly do
Benefits paid
'
— "mil. $..

4,917

4,238

4,039

24, 863 v 1, 520 '"1,678
3,992
2,919
3,061
6.0

4.6

4.4

3,371 " 2, 489 p 2, 306
11,754.7 P 763. 8 p 750. 4

4,120

4,461

4,962

4,721

4,366

'"1,621 'P2,420 P 2, 324 P 1, 577 P 1, 578
3,046 3,410 3,898 3,722 3,408
4.6

5.1

5.9

5.6

5.2

3,917

3,564

"1,429 " 1,283 " 1,603 "1,868 P 1, 473
2,642
2,831 "2,646 " 2, 455
3,023 2,724
4.6

p 2,349 "2,685 P 3, 207 P 3, 203 "3,008 " 2,667
P 671.8 P 886.8 "1,018.7 p 946. 6 "1,024.1 " 869.6

4.2

4.0

4.3

4.0

"3.7

2,277 " 2,678 "2,242 "2,198
698.7 " 719.3 "711.5 "699.3

40

M4

44

44

48

48

53

52

51

47

43

45

51

51

377
71
65
249.2

"412
v 100
p 101
v 386. 2

Ml
105
p 99
"33. 0

"39
107
p 101
"35.7

"30
109
"106
"32.7

"38
113
"113
MO. 2

*34
117
"120
MO. 9

"30
111
"116
"35.9

"32
104
"109
"38.8

"28
93
"97
"33.3

"27
87
"87
"28.5

"37
86
"88
"30.7

" 38
93
" 89
"31.1

"37
95
"93
"32.9

"93

69
10
22.2

153
27
89.5

15
35
16.1

10
31
12.8

10
32
10.3

9
37
14.0

13
45
17.4

6
39
15.7

4
34
17.3

5
29
11.8

3
23
9.4

18
21
9.4

21
22
7.0

23

"22

"50

FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers ' acceptances
mil $
Commercial and financial co paper total
do
Financial companies
do
Dealer placed
do
Directly placed
do
Nonfinancial companies
do
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of period
mil $
Farm mortgage loans:
Federal land banks
do
Loans to cooperatives
do
Other loans and discounts
do
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted:
Total (233 SMSA's)O
bil. $
New York SMSA
do
Total 232 SMSA's (except N.Y.) _
do
6 other leading SMSA'sl
do
226 other SMSA's
._
do
Federal Reserve banks, condition, end of period:
Assets, total 9
mil $

Deposits, total.
Member-bank reserve balances
Federal Reserve notes in circulation

18, 727
47,690
37, 515
6,239
31, 276
10, 175

16, 790
48,257
36,070
5,574
30,496
12, 187

17,304
50,394
38,668
6,360
32,308
11, 726

17, 875
49,512
38,392
6,389
32,003
11, 120

18, 727
47,690
37,515
6,239
31,276
10, 175

18, 677
48,858
37,377
6,072
31,305
11,481

19,060
49,927
37, 935
6,401
31, 534
11,992

18, 901
49, 300
37, 667
6,428
31, 239
11,633

19, 559
49, 572
37, 389
6,246
31, 143
12, 183

19, 681 '19,783
50, 537 50, Oil
38, 309 37,273
6,443 6,075
31, 866 31, 198
12,228 12,738

19, 554
51, 138
38,700
6,187
32, 513
12, 438

27, 384

31, 741

31, 072

31,354

31, 265

31, 741

32, 265

32,751

33,400

33, 980

34, 377

34, 881

35, 303

35,566

35, 868

13, 864
3,575
9,925

16, 564
3, 979
11,198

16,044
3,847
11,181

16, 247
4,087
10,200

16, 380
4,041
10,845

16,564
3,979
11, 198

16, 746
4,356
11, 162

16, 930
4,546
11, 274

17,264
4,656
11,480

17, 514
4,590
11, 876

17,731
4,470
12, 175

17, 979
4,413
12,489

18, 202
4,420
c
12, 681

18, 390
4,360
12, 816

18, 570
4,467
12,841

23,181.9 24,137.1 24,067.7
10,585.0 11,801.5 11,529.9
12,596.9 12,336.6 12,537.8
5,153.0 4,921.3 4,937.3
7,443.8 7,414.3 7,600.5

23,565.1
10,970.9
12,594.2
4,932.5
7,661.8

23,845.0 25,528.4
11,517.7 12,212.0
12,327.3 13,316.4
4,789.0 5,324.6
7,538.3 7, 991. 8

120,344 119,844 118,432

123, 997 123,983 122,130 124,018

26,474.4
12,629.6
13,844.8
5,560.9
8,283.9

r
25,792.8 25,490.9 26,625.6 27,102.3 27,875.0 27, 246. 6
12, 482. 8 12, 179. 0 12,844.3 13, 354. 2 13, 221. 1 12, 727. 9
13,310.0 13,311.9 13,781.3 13,748.1 '14,653.9 14, 518. 8
5,302.4 5,327.1 5,561.2 5,497.7 T 5, 935. 8 5, 856. 0
8,007.7 7,984.7 8,220.1 8,250.4 8,718. 1 8, 662. 8

126,528 124,372 132,189

124,997 "129, 202 ' 132,397 "129,986

113,611

123, 997

89, 013
299
80, 501
11, 652

99, 149
211
87, 934
11,599

do

113,611

123, 997

do
do
do

30, 649
25, 843
72, 259

34, 780
26, 052
78, 770

34,928
25,913
74, 599

35, 550
26, 140
74, 891

32, 125
25, 971
76, 683

34, 780
26, 052
78, 770

38,326
27,306
76, 516

36,172
24,585
76, 648

36,395
28, 150
77,686

38,013
27,140
78, 631

34,968
26,457
79, 539

40,628
27,460
80,536

34,358 36, 793 '40,933
24,371 24, 782 '26,220
81,034 81, 275 '81,520

36, 941 i 34, 989
36, 602 i 34, 727
1262
'339
J
i 127
703
U48
1-333

34,646
34,447
199
396
-136

34, 567
34, 411
156
191
30

34, 571
34, 281
290
61
257

34, 989
34, 727
262
127
148

35,575
35,366
209
79
139

33,953 33,967
33,939 33,531
14
436
76
58
386
-51

34,063
33,974
89
44
56

34,228
33,856
382
121
272

33,774
33,657
117
120
17

34,146
34,076
70
123
-29

Reserve bank credit outstanding, total 9 _do
Time loans
.
do
U.S. Government securities
do
Gold certificate account
do
Liabilities, total 9

18, 484
49, 144
36, 450
4,611
31, 839
12, 694

All member banks of Federal Reserve System,
overages of daily figures:
Reserves held, total
mil. $
Required
do
Excess
_
do
Borrowings from Federal Reserve banks. _ _ do
Free reserves
_
do
Large commercial banks reporting to Federal Reservo System, Wed. nearest end of yr. or mo.:
Deposits:
Demand, adjustedd*
mil. $

1
1

95,208
283
86, 998
11, 599

96,097
73
87, 184
11,599

95, 051
45
85, 137
11,599

99, 149
211
87, 934
11,599

99,504
66
89, 971
11, 599

98,419
52
88, 990
11,599

99,361
54
89, 753
11, 599

101,643 100,124 106,446 100,441 103, 805 ' 107,664 104, 982
'322
45
64
48
397
31
314
91, 814 90, 612 94,446 90, 673 94, 030 96, 427 95,839
11,599 11, 598 11, 598 11, 598 11, 598 11, 598 11,598

120,344 119,844 118,432 123,997 123,983 122,130 124,018 126,528

124,372 132, 189 124,997 "129,202 ' 132,397 "129,986
37, 927
26, 374
82, 072

34,141 '33,979 "34,346
33,844 '33,692 "34, 115
'287
"231
297
'75
104
"67
'243
221
"196

109,981

112,124 104,071 104, 146 104,320 112,124 103,742 101,775

106,097 104,694 105, 183 108,682

104,797 ' 105,587 ' 103,363 106, 173

do
do
do
do
do

185,215
129,449
7,039
1,471
31, 807

184, 174 167, 744 159, 299 167,015 184,174 159,545 157,115
132,245 119, 800 116, 182 121,317 132,245 116,670 115,133
6,061
6,967
6,220
6,496 5,808 5,860
6,967
1,386
1,995
1,070
1,247 2,425
1,898
1,386
29, 322 25, 790 22,104 24,163 29, 322 22,262 21,251

171, 058 162,903 170,817 178,773
122,716 118,226 124, 301 126,591
6,004
6,178 5,983
6,839
1,049 2,514
1,170
2,637
26,514 22,039 24,883 27, 372

161,504 166, 689
117,802 120, 365
5,635 6,346
1,865
1,127
22,560 24,617

Time, total 9 _ _
do
Individuals, partnerships, and corp.:
Savings..
do
Other time
.,
do

228,045

227, 729 225, 264 224, 960 225,877 227,729 225,352 223,215

225,981 221,601 222, 692 225,469

223,252 ' 221 ,423' 223,647 221, 646

58, 485
122,201

68, 445 65, 590 65, 928 67,550 68, 445 72,459 75, 269
115, 961 116, 184 115, 442 116,064 115,961 111,153 107,629

78, 319 79,350 79, 921 79, 821
108, 297 104,196 105,279 108,533

80,220 '80,937 ' 82,061 84, 907
106,398 ' 105,378 ' 106,371 103, 456

Loans (adjusted), totalcf
_,.do__.
Commercial and industrial
do
For purchasing or carrying securities
do
To nonbank financial institutions
do
Real estate loans
do
Other loans
,
do

304,318
131,875
7,713
33, 076
60, 442
90,388

285, 499 281, 768 277, 957 282,104 285,499 275,908 275,242 277, 356
120, 661 119,751 118, 190 119,311 120,661 117,000 116,201 114,556
8,933 7,040 6,605 8,206
6,200
8,468
8,933
7,389
27, 180 29, 022 27, 312 27,310 27, 180 25,995 26,029 26,493
59, 530 59, 282 59, 502 59,482 59, 530 59,749 59,722 60,541
87, 404 84, 254 82,267 84,525 87,404 84,474 82,923 84,876

Demand, total 9
.
Individuals, partnerships, and corp
State and local governments
U.S. Government
Domestic commercial banks.

Investments, total .
do
86, 825 100, 345 95, 624 95, 413 98,269
U.S. Government securities, total
do_._
40, 178 35, 316 35, 010 37,859
23, 931
Notes and bonds
do
19,412
26, 464 25, 243 25, 988 26,580
Other securities..
do
62, 894
60, 167 60, 308 60, 405 60,410
r
Revised.
P Preliminary.
1 Average for Dec
§ Insured uneinployme nt (all p rograms) data include claims filed under extended du ration prc visions o regular State laAvs;
amounts paid under these programs are excluded fronn State be nefits pak1 data,
AInsui•ed
unemployment as % of average covered emplovme it in a 12-month p eriod.
9 Inclu ies
data not shown separately.
c? For demand deposit s, the tenn "adjust 3d" deno tes dema nd
deposits other than domestic commercial bank and U.S. Gc verrunen ;, less ca sh items in

223-635 O - 76 - 3




275, 499
113,308
8,679
25,757
60,717
84,352

' 166,042 178, 639
' 119,195 126, 323
' 5, 601
6,336
' 2, 694
2,676
'24,000 28, 789

280, 630 280,017 276,457 ' 279,363 ' 280,152 284, 878
112,615 112,903 111,256 ' 111,137 ' 112,347 114,619
10, 024
9,875 9,443 '11,060 ' 10, 042 11,319
26, 142 29, 995 25,979 '23,767 '23,767 24, 053
61, 296 61, 429 61, 767 '62,423 '62,423 62, 869
88, 083 88, 650 84,437 '89,181 '89,181 92, 359

100,345 99,769 99,239 100,538 101,249 101, 721 101,402 100,549 ' 103,010 ' 103,711 104, 630
40, 178 40,456 40, 083 41.808 41,561 42,809 42, 150 41,182 43, 141 '43,422 44, 458
26, 464 27,422 27, 643 28,774 29,393 29, 711 29, 279 29,174 32, 350 32, 488 33, 632
60, 167 59,313 59,156 58,730 59, 688 58, 912 59, 252 59,367 '59,869 60, 289 60, 172
proces s of coll ection; fc r loans, exclusive} of loan 3 to and Federal funds t ransactio ns with
domes tic comr lercial bjinks and after decluction o [ valuati 3n reserv es (indiv idual loain items
O Total SMSA's include
are sh own gro ss; i.e., I >efore de duction ()f valuat ion reser ves).
U Includ es Bosto Q,c Phila ielphia,
some cities an d counti es not d esignatec as SMS A's.
Jeach.
Corre 3ted.
s
Angele
s-Long
I
Chica go, Detr rit, San T^rancisco -OaklancI, and Lc

SURVEY OF CURRENT BUSINESS

S-18
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

1974

1975

1976

1975

Sept.

Annual

November 1976

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

734.5
500.5
90.0
144.0

737.6
500.6
93.0
144.0

738.8
500.7
94.0
144.0

743.1
504.7
92.7
145.7

Aug.

Sept.

Oct.

FINANCE—Continued
BANKING— Continued
Commercial bank credit (last Wed. of mo. .except
for June 30 and Dec. 31 call dates), seas. adj.:f
Total loans and investments©
bil $
LoansO
_
do
U.S. Government securities
do
Other securities.. __
do

690.4
500.2
50.4
139.8

Money and interest rates: §
Bank ratos on short-term business loans:
In 35 centers
percent per annum
New York City
do
7 other northeast centers
do

11.28
11. 12
11.83

8 north central centers
7 southeast centers
8 southwest centers
4 west coast centers -

do
do
do
do

11.27
11 01
11.07
11.15

Discount rate (N.Y.F.R. Bank), end of year or
month
__ _ _ __
_
percent
Federal intermediate credit bank loans

do

1

721.1
496.9
79.4
144.8

712.7
491.5
76.7
144.5

716.3
495.0
76.0
145.3

722.2
498.5
76.8
146.9

721.1
496.9
79.4
144.8

723.3
497.3
81.0
145.0

726.7
497.8
84.4
144.5

731.2
499.7
88.2
143.3

748.7
507.6
95.0
146.1

i 8.65
8.37
i 8.91

8.29
7 99
8 53

7.54
7.14
7.93

7.44
6.99
7.79

7.80
7.48
8.18

8.54
9 01
8.75
8.86

8 15
8 70
8 37
8.67

7.50
7.86
7.56
7.77

7.44
7.66
7.51
7.75

7.70
7.95
7.75
8.15

1

i
i
i
i

760.3

752.5
511.4
94.0
147.1

519.3
93.5
147.5

5.50

7.75

6.00

6 00

6 00

6.00

6.00

5.00

5.50

5.50

5.50

5.50

5.50

5.50

5.50

5.50

8.82

i 8.14

7 59

7 go

7 62

7 62

7 67

7.58

7.54

7 59

7.44

7 33

7 28

7.22

7.19

i g 75
9 01

8 70
8.93

8 75
8.97

8.74
9.09

8 74
9.09

8.71
9.07

8.67
9.03

8.67
8.92

8.67
8.85

8.75
8.84

8.69
8.82

8.76
8.85

8.79
8.91

8.85
8.94

"8.86

2

6. 29
26.32
26.15
28.02

6.83
6.86
6.53
8.06

6.28
6.48
6.43
8.22

5.79
5.91
5.79
7.76

5.72
5.97
5.86
7.64

5.08
5.27
5.15
7.55

4.99
5.23
5.09
7.40

5.18
5.37
5.27
7.38

5.03
5.23
5.13
7.38

5.53
5.54
5.38
6.88

5.77
5.94
5.78
7.31

5.50
5.67
5.53
7.50

5.32
5.47
5.46
7.50

5.28
5.45
5.31
7.50

5.06
5.22
5.08
7.50

4.390

Home mortgage rates (conventional 1st mortgages): H
New home purchase (U.S. avg.)
percent
Existing home purchase (U.S. avg.)
do

i1 8.72
8.84

Open market rates, New York City:
Bankers' acceptances (prime, 90 days)... do
Commercial paper (prime, 4-6 months).. do__.
Finance co. paper placed directly, 3-6 rno-do
Stock Exchange call loans, going rate
do.-_

29.89
2 9. 84
28.60
2 10. 98

Yield on U.S. Government securities (taxable):
3-month hills (rate on new issue)
percent3-5 year issues
_
do

2 7. 886
27.81

2 25. 838
7 55

6.383
8 22

6.081
7 go

5.468
7 51

5.504
7 50

4.961
7 18

4.852
7.18

5.047
7.25

4.878
6.99

5.185
7.35

5.443
7.40

5.278
7.24

5.153
7.04

5.075
6.84

160, 008
43, 209
4,899
4,571

163,483
48, 103
3,452
4 398

14, 141
4,301
319
412

14,518
4 610
317
401

13,609
3 900
314
342

16, 945
4,093
253
326

12, 540
3,652
194
290

12,576
3,866
212
318

15, 339
5,077
286
421

15, 453
4,874
259
440

15,229
4,709
255
445

17, 158
5,387
317
512

16, 194
4,949
316
451

16, 664
5,083
284
466

15, 569
4,721
281

2,270
432

2,205
393

1

*8.93

6.50

CONSUMER CREDIT*
(Short- and Intermediate-term)
Installment credit extended and liquidated:
Unadjusted:
Extended, total 9--. ..
mil. $
Automobile paper
do
Mobile home
do
Home improvement
do
Revolving:
Bank credit card
do
Bank check credit
do
Liquidated, total 9
Automobile paper
Mobile home
Home improvement
Revolving:
Bank credit card
Bank check credit
Seasonally adjusted:
Extended total 9
Automobile paper
Mobile home
Home improvement
Revolving:
Bank credit card
Bank check credit
Liquidated total 9
Automobile paper
Mobile home
Home improvement
Revolving:
Bank credit card
Bank check credit

47-4

17, 098
4,227

20 428
4,024

1,843
356

1 832
362

1 736
309

2,457
448

2,037
370

1,631
356

1,947
584

1,917
396

1,904
382

2,138
436

2,145
405

do
do
do
do

151,056
42, 883
4,099
3,767

156, 640
45 472
S,793
4 150

12, 893
3 899
312
331

13 782
4 065
342
363

12, 579
3 551
286
321

13, 925
3 820
336
347

13, 950
3 848
332
319

12,997
3,654
311
321

15,014
4,470
354
369

13, 851
3,952
317
380

13, 459
3,797
300
322

14, 595
4,204
328
354

14, 184
3,958
332
366

14, 178
4,077
299
356

13, 811
4,115

do
do

15, 655
3,684

19 208
4,010

1 656
312

1 767
341

1 655
307

1,836
375

1,960
378

1,800
356

2,134
419

1,795
389

1,844
381

2,009
407

1,951
375

2,070
398

1,976

do
do
do
do

14 194
4,330
292
382

14 609
4 354
289
384

14 679
4 441
345
408

15 228
4,642
313
421

15 123
4,505
272
440

15,045
4,523
266
405

15, 521
4,689
296
414

15, 003
4,583
247
413

15, 041
4,471
231
385

15,592
4,600
272
410

15,240
4,477
282
381

15,685
4,712
241
400

15, 775

do
do

1,806
339

1 781
352

1 842
341

1 839
396

1 921
361

2,012
392

2,118
380

1,985
394

2,103
422

2,088
435

2,152
401

2,183
413

2,165

13, 576
3,851
309
374

13 566
3,819
286
314

14, 261
4,074
315
330

13, 937
3,922
319
362

14, 282
4,090
292
361

14, 294
4,165

1,846
359

1,911
378

1,990
421

1,981
374

2,097
419

2,000
358

do
do
do
do

13 201
3,869
306
334

13 429
3 860
329
356

13 255
3 835
322
334

13 738
3,883
344
353

14 029
3,966
364
331

13, 923
3,909
353
348

14,048
4,026
314
344

do
do

1 670
320

1 696
324

1 762
336

1 832
386

1 815
372

1,881
374

1,926
364

Total installment credit outstanding, end of year or
month 9
.
mil. $
By credit type:
Automobile
do
Mobile home
do
Home improvement
do
Revolving:
Bank credit card
do
Bank check credit
do

165, 384

324
371
341

4,769
253
434
375

322
369

162, 237 157,448 158, 185 159,216 162,237 160, 824 160,402 160,729 162,334 164, 101 166, 664 168, 674 171, 160 172, 918

50, 392
12, 496
7,754

53, 028
12 155
8 004

52, 862
12, 234
7,965

52, 407
12,210
8 002

52, 756
12 238
8,023

53, 028
12, 155
8,004

52, 832
12,016
7,976

53,044
11,916
7,973

53, 650
11, 848
8,026

54, 572
11,790
8,089

55, 484
11,744
8,209

56, 667
11,733
8,367

57, 659
11,717
8,452

58, 665
11, 702
8,562

59, 270

8 281
2,797

9 501
2,810

8 735
2,715

8 800
2,735

8 880
2, 737

9,501
2,810

9,576
2,802

9,408
2,803

9,221
2,769

9,343
2,775

9,402
2,777

9,531
2,805

9,725
2,835

9,924
2,870

10, 153

11,659
8,665
2,922

By holder:
75,846
Commercial banks
do
78, 703 77, 132 77, 683 77, 864 78, 703 78, 293 75, 957 78, 039 78, 982 79, 785 80, 850 81, 930 82, 961 83, 714
36 208
36 695 36 003 36 097 36 383 36, 695 36, 528 36, 458 86, 450 36, 745 37, 022 37, 490 38, 026 38, 398 38, 575
Finance companies
do
Credit unions
do
2^ 116
25 354 24 510 24 706 24 934 25 354 25, 250 25, 492 26, 025 26, 403 26, 975 27, 842 28,234 28, 956 29,600
Retailers ..
do
17 933
18 002 16 236 16 160 16, 451 18, 002 17, 133 16, 769 16, 375 16, 448 16, 465 16, 633 16,660 16, 911 17,012
4,017
3,934
3,824
3,756
3,849
3,726
3,854
3,840
Others
do
3,584
3,483
3,620
3,567
3. 539
3,483
3.281
r
2
been revised back to 1970, noninstailment credit will no longer be available on a monthly
Revised.
P Preliminary.
1 Average for year.
Daily average.
O Adjusted to
basis. "Personal loans" and "other consumer goods paper" have been combined to form an
exclude interbank loans.
§ For bond yields, see p. S-21.
t Beginning Jan. 1959. monthly
"all other" category (not shown separately here). Earlier monthly data are available from
data have been revised to reflect new seasonal factors and adjustment to bench marks for the
the Federal Reserve Board, Washington, D.C. 20551.
If Beginning Jan. 1973, data have
latest call date (Dec. 31, 1975). Revisions are available from the Federal Reserve Board.
been revised; revisions for Jan. 1973-April 1975 will be shown later.
Washington, D.C. 20551.
9 Includes data for items not shown separately.
J Data have




SURVEY OF CURRENT BUSINESS

November 1976

Annual

1976

1975

1975

1974

Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

S-19

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

FINANCE—Continued
FEDERAL GOVERNMENT FINANCE
Budget receipts and outlays:
Receipts (net)
Outlays (net)
Budget surplus or deficit ( — )
Budget financing total
Borrowing from the public
Reduction in cash balances
Gross amount of debt outstanding.
Held by the public

mil $
do
do

i 264,932
1 268,392
i -3,460

do
do
do

i 3, 460
13,009
»451

...do
do

1 486,247
1 346,053

280, 997
324, 601
-43,604
1
1

43, 604
429
50, 853
8,463
- 7, 249 -8, 034

Recelpts and expenditures (national income and
product accounts basis), qtrly. totals seas. adj.
at annual rates rf

p <s

ao

Indirect business tax and nontax accruals-do
Federal Government expenditures, totalf..do
National defense

do

Transfer payments
do
Grants-in-aid to State and local covts
do
Not interest poid
do
Subsidies less current surplus of government
enterprises
bil $

)

5,091
5, 797
7,656
7,820
8,215
5,936
1,720 -2,418 -2, 729

8,987
8,972
15

8,623
7,320
1,303

-872
1,398
2,270

37, 615 22, 660 27, 360
30, 567 33, 906 29, 571
7,048 -11,247 -2,211

2,211
5,731 -7,048 11, 247
3,847
5,964
8,733
4,109
-10,895
-6,522
1,622
5,283

28,615
13, 609
6,013

19,316
10, 653
873

21,745
10, 354
673

25, 995
11, 200
6,530

25, 634
15, 276
1,533

20, 845
7,778
781

20, 431
5,272
5,863

33, 348
15, 242
6,119

22, 679
6,157
1,016

37, 615
16,037
10,000

22, 660
11,201
1,513

27, 360
12, 088
689

6,280
2,712

5,206
2,583

7,994
2,725

5,565
2,700

6,430
2,376

9,630
2,655

6,635
2,660

9,349
2,632

12,811
2,695

6,971
4,607

7,068
2,353

11,614
2,969

268,392
i 9, 767
i 77, 625

324, 601
i 9, 725
i 85, 420

29, 044
1,201
6,877

32, 425
1,119
7,911

29, 401
637
7,019

31, 792
1,404
7,458

30, 725
1,373
7,272

29, 833
1,309
6,792

29, 054
535
7,442

32, 476
999
8,158

28, 410
980
6,951

30, 567
1,248
7,622

33,906
1,109
7,246

29, 571
1,266
6,826

1

93, 375
i 35, 993
i 3, 252
i 13, 337

112,411
i 141,177
3, 267
1
16, 575

10,414
2,954
313
1,333

10, 574
4,756
312
1,515

10, 502
3,200
325
1,623

10, 890
3,427
326
1,699

10, 781
4,249
260
1,627

10, 759
3,309
291
1,690

11, 628
3,618
307
1,674

11,131
5,169
293
1,618

10, 485
3,533
279
1,569

11,319
2,949
287
1,254

11,234
5,126
344
1,351

11,318
3,065
359
1,385

288.2

286.5

297.7

306.7

316.5

324.6

p 334. 0

137.7
53.1
32.8
102.9

141.9
54.8
23.3
104.6

' 147. 2
' 56. 5
'23.8
p 106. 6

131. 2
45.6
21.7
89.8

125.7
42.6
23.9
94.3

130.5
47.4
25.2
94.7

135.1
49.4
25.5
96.6

299.7

357.8

363.7

376.0

380.3

378.7

r

111.6
77.3

124.4
84.3

124.6
84.6

130.4
87.1

129.2
86.2

131.2
86.9

' 134. 5
'88.5

117.6
43.9
20.9

148.9
54.4
23.5

152. 1
56.8
23.6

154.9
58.0
25.6

160.3
58.8
26.6

158.7
56.3
27.4

r 163. 1
r60. 1

5.4

5.2

'5.6

.0

.0

.0

63.8

-54.1

p-57.1

5.2
-.5

Surplus or deficit(

13, 109
11,743
1,366

33, 348 22, 679
32, 476 28, 410
872 -5,731

544, 131 564, 582 572,930 577, 726 587, 553 595,306 604, 778 611, 391 612, 843 621,532 631, 285 635, 259 644, 394
396, 906 420, 358 432, 102 438, 037 446, 253 454, 072 463, 045 470, 365 471, 763 475, 872 479, 719 485, 683 494, 417

Budget receipts by source and outlays by agency:
264,932 280, 997
Receipts (net) total
mil $
1 118,952 1122, 386
Individual income taxes (net)
do
1
40, 621
38, 620
Corporation income taxes (net)
do
Social insurance taxes and contributions
1
86, 441
(net)
mil $ i1 76, 780
30, 582 i 31, 549
Other
do
Outlays total 9
do
Agriculture Department
do
Defense Department military
do
Health, Education, and Welfare Department
mil. $..
Treasury Department
do
National Aeronautics and Space Adm
do
Veterans Administration
do-_.

28, 615 19,316 21,745 25, 995 25,634 20, 845 20, 431
29, 044 32, 425 29, 401 31, 792 30, 725 29, 833 29, 054
-429 -13, 109 -7, 656 -5,797 -5,091 -8, 987 -8, 623

6.5
.0

7.1

6.7

.0

.0

69 4

391. 1

P27.7

do

-11.5

-71.2

-66.0

bil. $.
do
do
do
do

263. 35
11.96
118. 57
86.23
79.91

289. 30
15.18
133. 90
89.17
82.41

282. 06
13.54
130. 76
88.33
81.67

285. 02
14.20
132. 52
88.48
81.82

287. 12
14.65
133. 55
88.66
81.98

289.30
15.18
133.90
89.17
82.41

293.87
15. 38
138.96
89.40
82.65

296. 48
16.14
140. 33
89.54
82.76

299. 55
17.25
141. 58
89.78
82.95

299. 98
17.57
141. 54
89.49
82.62

301. 75
17.66
142. 81
89.53
82.59

304.73
17.68
145. 46
89.61
82.69

307.00
18.46
146. 83
89.75
82.68

309.30
18.77
148. 44
89.89
82.77

8.33
22.86
2.00
13. 39

9.62
24.47
1 92
15.' 05

9.20
24.10
1.30
14.85

9.34
24.24
1.30
14.93

9.45
24.34
1.30
15.17

9.62
24.47
1.92
15.05

9.66
24.50
1.42
14.55

9.73
24.63
1.37
14.73

9.81
24.76
1.49
14.89

9.85
24.87
1.39
15.26

9.91
24.98
1.40
15.47

10.00
25.14
1.46
15.29

10.05
25.26
1.43
15.23

10.15
25. 38
1.43
15.24

2 297,051 3 288,857
181, 276 185, 779
2 109,095 3 96, 349
6,680
6,729

23, 988
15, 573
7,907
508

24, 949
17, 242
7,121
586

23, 316
15, 461
7,273
582

35,317
18, 788
16, 025
504

23, 258
14, 008
8,758
492

23, 014
15, 560
6,908
546

27, 983
18, 220
9,161
602

25,335
17,725
7,066
544

23,202
17,030
5,606
566

28, 870
18, 248
10,064
558

23, 256
16, 272
6,492
492

27, 242
17, 267
9, 453
523

25, 662
16,919
8,193
550

11,599
93
458,853
456, 638

11,599
8
10, 883
44, 954

11,599
44
16,370
22, 266

11,599
6
12, 193
24, 409

11,599
0
22, 469
26, 895

11, 599
76
9,943
17, 769

11,599
3
28, 046
19, 472

11, 599
6
5,789
19, 344

15,598
3
8,421
23, 360

11,598
10
6,636
41,915

11, 598
14
11, 696
38,069

11,598
26
30, 513
24, 480

11, 598
'42
85, 459
22, 500

11,598
-25

LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life Insurance cos
Government securities
Corporate securities
Mortgage loans, total
Nonfarni
Real estate
Policy loans and premium notes
Cash
Other assets

do
do
do
do

Life Insurance Agency Management Association:
Insurance written (new paid-for insurance):
Value, estimated total
rnil $
Ordinary (incl. mass-marketed ord.)~ do
Group
do
industrial
do
MONETARY STATISTICS

Gold and silver:
Gold:
Monetary stock, U.S. (end of period)... mil. $.. 11,652
Net release from earmark§
. do_230
Exports
thous. $__ 228, 480
Imports _
do
396, 679
Production:^
South Africa
Canada
Silver:
Exports
.
Imports
Price at New York
Production:
United Rt.ftt.P.S

__

mil $
do

1, 038. 3
70.9

960.9
68.7

84.4
6.3

81.5
6.2

82.3
5.0

72.6
5.7

76.4
6.2

75.6
5.6

79.4
6.1

78.1
5.8

79.0
5.8

83.6
6.1

81.5
5.4

84.0

thous $
do
dol per fine oz

81,651
501,521
4.708

132, 626
320, 556
4.419

4,975
27, 980
4. 516

4,792
33, 014
4.329

5,181
18, 289
4.332

3,813
31,116
4.085

2,942
27, 967
4.063

4,338
18, 638
4.086

11,541
27, 619
4.189

5,026
17,699
4.356

4,616
15,804
4.488

3,345
29, 800
4.812

6,562
22,509
4.774

4,918
54, 144
4.237

f;9 ^83

3fi fi97

% 1Q3

3. 832

3.482

fi 71fi

thnn«! fine nt

r
Revised.
* Preliminary.
1 Data shown in 1974 and 1975 annual columns are for
fiscal years ending June 30 of the respective years; they include revisions not distributed
to months.
2 Includes $907 mil. Vets group life ins.
3 includes $1,694 mil. Vets group life
ins.
9 Includes data for items not shown separately.




7.324
22,861
4.295

4. 225

1.796
1.774
2.723
1.578
1 ns* 2.864
1.874
2. 415
1.679
tData have been revised back to 1946 (see table 3.2 in the Jan. 1976 SURVEY for earlier data).
§ Or increase in earmarked gold (—).
^Valued at $38 per fine ounce from Jan. 1972-Sept.
1973; at $42.22 thereafter.

SURVEY OF CURRENT BUSINESS

S-20
1974

Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

1975

1975
Sept.

Annual

November 1976

Oct.

1976

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

FINANCE—Continued
MONETARY STATISTICS— Continued
bil. $_-

79.7

86.5

81.7

82.3

84.5

Money supply and related data (avg. of daily fig.) :©
Unadjusted for seasonal variation:
Total money supply
bil. $
Currency outside banks
do
Demand deposits
do
Time deposits adjusted^
do.__
U.S. Government demand deposits^
do

277.8
64.9
212.8
397.0
5.6

289.5
71.0
218.5
436.1
3.7

291.7
71.9
219.9
440.4
3.9

292.3
72.5
219.9
444.5
3.4

297.4
73.9
223.5
445.6
3.5

303.2
292.9 ' 295. 3 ' 303.5 ' 298. 5 ' 302. 5 ' 305. 2 ' 303. 1 '304.4 p 308. 9
301.0
75.1 '73.7
74.1
75.1 '76.2
78.9
'77.1
77.8
'78.7
79.0
79.6
228.1 ' 227. 3 '218.9 ' 220. 2 ' 227. 2 '221.4 ' 224. 7 ' 226. 5 ' 224. 3 ' 225. 4
229.3
449.6 ' 452. 5 ' 454. 9 ' 458. 9 ' 461. 5 ' 462. 9 ' 466. 4 ' 469. 4 ' 470. 5 ' 473. 7 478.2
4.1
3.8
'4.6
3.9
'3.9
3.6
'4.9
'3.8
3.4
'4.8
3.9

293.6
72.0
221.6
438.3

293.4
72.6
220.8
443 3

295.6
73.4
22? 1
448.3

294.8
73.7
221.0
452.4

Currency in circulation (end of period)

Adjusted for seasonal variation:
Total money supply
Currency outside banks
Demand deposits
Time deposits adjusted^

do
do
do
do

Turnover of demand deposits except interbank and
U.S. Qovt., annual rates, seas, adjusted:
Total (233 SMSA 's) 0_.ratlo of debits to deposits.
New York SMSA
do
Total 232 SMSA's (except N.Y.)
6 other leading SMSA'sd"
226 other SMSA's

86.5

83.2

83.8

85.5

86.5

295.1 ' 296. 6 ' 298. 1 ' 301. 8
75.7
76.7
74.2
'75.0
'r 220. 9 ' 221. 6 ' 222. 4 ' 225. 2
454. 1 ' 456. 7 ' 457. 6 ' 460. 4

87.7

88.9

' 303. 5 ' 303. 2
' 77.3
77.6
' 226. 2 ' 225. 6
'460 4 '465 9

88.9

89.5

89.5

'304.9 ' 306. 4 ' 306. 3 p 310. 0
78.6
' 79.1
' 78.1
79 8
230.2
' 226. 8 ' 227. 8 '227 2
' 470. 0 ' 468. 7 ' 472. 5 477 9

120.1
290.9

128.3
335.0

128.8
330.7

134.0
364.0

134.0
360.8

131.0
351.8

132.4
366.0

140.9
375.4

144.6
377.5

140.3
374.9

139.3
380.2

145.0
400.8

145.8
405.0

' 148.6
400.6

145.8
393.7

81.9
123.6
65 8

82.9
119.1
68.8

85.1
123.8
70.0

83.5
118.7
69.8

84.9
119.5
71.5

84.7
118.4
71.6

82.9
115.4
70.3

89.6
128.1
74.6

92.5
131.4
77.2

88.4
124.6
74.2

58.2
126.9
73.3

90.9
131.9
75.1

89.9
128.6
74.9

'94.8
138.2
'78.1

94.0
136.1
77.7

58 747
4 601

49, 135
5,154

13,204
1,5-61

2,287
7 175

1,801
6,703

1,731

14 483
1,204
2,035
3,149

9,307

2,508

' 2 678
' 2, 402

do...
do
do

PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade C omm O.Net profit after taxes, all industries
mil $
Food and kindred products
do
Textile mill products
do
Paper and allied products
do
Chemicals and allied products
do
Petroleum and coal products
do
Stone, clay and glass products
do
Primary nonferrous metal
do
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinery and transport equip )
mil $

780

409

968
663

2,280

14,227
1,358

185
451

14, 797
1 263

18 032
1 595

1,731

1,952

2 096

2,764

2,846

2 951

255
547

424
104
459

253
563

309
119
537

258
662

138
180
454

468
321
656

2 837

2,523

715

624

760

915

5 648
2 940

6,311
2,564

1,543

1,727

1,795

2 016
1 042

1,127
1,957
8,524

1,039
1,737
7,481

2,195

2,300

1,393
2,062

1 783
2 792

19, 467

19,968

4,662

5,303

5,188

5 409

mil $

2 40, 009

56, 070

2 845

4,609

4,768

4,418

3,573

3,707

7,053

3,771

4 428

6 560

do

31, 496

41, 683

1 765

3,050

3,253

3,467

2,627

2,622

4,823

2,846

2 9?8

4 851

do
do

4,000
2,254

7,402
3,458

529
308

1,215

328
444

335
462

431
148

754
173

1,604

443

467
61

901
291

1 035

mil $
do
do
do

37, 842
10, 026

2,597

4,512

4,044
1 115

4,244
1 414

3,470
1 139

6,863
2,423

3,357

4,120
1 708

6 246
1 394

1 261

1,238

1 268

249
902

3,220
1,021

12, 831

52, 543
18, 648
1,623
15, 893

1 148

1 346

Transportation
Communication
Financlaland realestate..

do
do
do

1,014
3,934
6,850

2,636
4,463
6,840

32
296
289

518
928
450

957
55
500

State and municipal issues (Bond Buyer):
Long-term..
Short-term
„

do
do

22, 824
29, 041

29, 326
28, 973

2 112
2 427

2 276
2 623

6 500
5,540

6 251
5 399

Machinery (except electrical)
Elec machinery equip and supplies

do
do

Transportation equipment (except motor
vehicles, etc.)
mil $
Motor vehicles and equipment
do
All other manufacturing industries
do
Dividends paid (cash) all industries

do

588

780

361
380

768

288
888

369

476

SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
By type of security:
Bonds and notes, Corporate
Common stock
Preferred stock
By type of issuer:
Corporate, total 9
Manufacturing
Extractive (mining)
Public utility

_

980

624
39

332

901
80

54

68

102

568
276
640

359

1 086

128
789

269
231
761

218
16
465

604
171
589

1,368

284
448
697

78
20
867

1 407
1 387

2 338
2 066

2 154
1 828

2 402

2 638
1 488

3 234
2 437

2 196
2 533

3 492
2 342

2 926
3 097

2 567
1 138

2 609
1,651

6 455
5 448
1,007

6 527
5 519
1 008

6 500
5 540

6 568
5 568
1,000

7 152

7 617
6 575
1,042

7 932
6 856
1 076

8 110
7 103
1 007

8 276
7 248
1 028

8 417
7 519

8 683
7*622
1*061

545

490

475

655

685

1.470
' Revised.
* Preliminary.
1 End of year.
2 Beginning Jan. 1974, does not include
noncorporate bonds and notes formerly included.
©Effective February 1976 SURVEY,
data revised to reflect: Annual review of seasonal factors; regular benchmark adjustment;
effect of changes in check collection procedures (Regulation J); and adjustments to include
uew figures from internationally oriented banking institutions. Monthly revisions back to
1970 are in the Feb. 1976 Federal Reserve Bulletin.

1.525

1,975

2.065

936

2,159

256
578

198

224

243

3 329
1,194

SECURITY MARKETS
Stock Market Customer Financing
Margin credit at brokers and banks, end of month,
total
mil $
At brokers
do
At banksdo
Free credit balances at brokers:
Margin accounts. __ _.
do
Cash accounts
. _
do




1
1

4 836
3, 980
1856

1411
i 1. 424

960

475
1.525

852

470
1,455

1.495

960

e'ns

1,037

595
1.935

570

1.740

540

1.655

540

1.680

898

530

555

1.635

1.605

1i At all commercial banks.
©Total SMSA's include some cities and counties not designated as SMSA's.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland and Los
Angeles-Long Beach.
9 Includes data not shown separately.

SURVEY OF CURRENT BUSINESS

November 1976
1974

Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

1976

1975

1975

Annual

S-21

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

FINANCE—Continued
SECURITY MARKETS— Continued
Bonds
Prices:
Standard & Poor's Corporation:
High grade corporate:
Composited11
dol per $100 bond
Domestic municipal (15 bonds)
do
U.S. Treasury bonds, taxable^

. .

do. -

Sales:
Total, excl. U.S. Government bonds (SEC):
All registered exchanges:
]\tarket value
mil $
Face value
do
New York Stock Exchange:
Market value
Face value

do
do

58.8
76.1

56.2
68.9

55.8
66.0

56.0
66.0

56.3
66.2

56.1
67.4

57.0
69.7

57.1
68.8

57.3
69.2

58.2
71.3

56.5
69.1

56.8
69.3

57.1
71.1

57.9
74.1

58.8
74.8

59.1
76.3

57.45

57.44

55.23

55.23

55.77

56.03

55.75

57.86

58.23

59.33

57.38

57.86

58.38

58.88

59.54

59.93

9,345.90 613. 63 962.53 757. 15
10,708.85 685.94 1,014.65 834.21

890.01
999.20

0)

6,456.77
8, 120. 18

6, 193. 81 9,070.20 600.41
7, 740. 56 10 302.08 665.98

New York Stock Exchange, exclusive of some
stopped sales, face value, total
.mil. $.. 4,052.12 5, 178. 34
Yields:
Domestic corporate (Moody's)
By rating:
Aaa._
-.
Aa
A._
Baa
.
By group:
Industrials
Public utilities
Railroads

U.S. Treasury bonds, taxable©

340.74

416.62

341.97

419.45

570. 68

504.74

491.60

424.66

420.88

413.29

388.78

378.04

397. 11

365. 41

9.55

9.51

9.44

9.45

9.33

9.23

9.18

9.04

9.06

9.05

8.97

8.85

8.72

8.63

8.52
8.76
9.42
9.99

8.40
8.67
9.26
9.83

8.58
8.66
9.24
9.76

8.62
8.63
9.21
9.72

8.56
8.55
9.13
9.63

8.45
8.44
9.00
9.49

8.38
8.35
8.85
9.30

8.32
8.26
8.77
9.18

9.46
8.83
8.97
9.65
10.39

8.95
9.10
9.74
10.38

8.86
9.06
9.74
10.37

8.78
8.97
9.67
10.33

8.79
8.99
9.68
10.35

8.60
8.90
9.57
10.24

8.55
8.80
9.47
10.10

8.78
9.27
8.98

9.25
9.88
9.39

9.35
9.98
9.42

9.32
9.94
9.40

9.27
9.83
9.36

9.26
9.87
9.37

9.16
9.68
9.32

9.12
9.50
9.25

9.10
9.43
9.16

8.98
9.27
9.05

9.00
9.31
8.96

8.96
9.36
8.88

8.90
9.26
8.81

8.79
9.07
8.75

8.66
8.91
8.66

8.58
8.83
8.54

_ do
.do

6.26
6.09

7.08
6.89

7.67
7.23

7.36
7.22

7.39
7.21

7.29
7.06

6.85
6.80

6.98
6.91

6.69
6.86

6.55
6.62

6.89
6.87

6.87
6.85

6.73
6.64

6.52
6.28

6.47
6.20

6.33
6.06

do

6.99

6.98

7.29

7.29

7.21

7.17

6.94

6.92

6.87

6.73

6.99

6.92

6.85

6.79

6.70

6.65

do
do
do _

Domestic municipal:
Bond Buyer (20 bonds^. _.
Standard & Poor's Corp. (15 bonds)

856.23
949. 84

8.57
8.67
9.16
9.50

_ do ...
do
_ . do
do

_

741. 19
812.29

8.98

percent

_

934.93
982. 14

Stocks
Dividend rates, prices, yields, and earnings, common stocks (Moody's):
Dividends per share, annual rate, composite
dollars..
Industrials
_ do
Public utilities..
do._
Rallroads
do
N.Y. banks
do
Property and casualty Insurance cos
do
Price per share, end of mo. , composite
Industrials
_
Public utilities
Railroads
Yields, composite.
Industrials
Public utilities

:

do
do
do__
do

_. .percent..
do
do...

N.Y. banks
Property and casualty insurance cos

do
. . do

Earnings per share (indust., qtrly. at ann. rate;
pub. utll. and RR., for 12 mo. ending each qtr.):
Industrials
dollars
Public utilities
do
Railroads
do
Dividend yields, preferred stocks, 10 high-grade
(Standard & Poor's Corp.)
percent-Prices:
Dow- Jones averages (65 stocks)...
Industrial (30 stocks)
_
Public utility (15 stocks)
Transportation (20 stocks)
Standard & Poor's Corporation: cf
Combined index (500 Stocks)
1941-43 =10. .
Industrial, total (400 Stocks) 9
do
Capital goods (111 Stocks)
do
Consumer goods (189 Stocks) .
do

10.63
11.82
4.83
4.27
8.09
13.25

0)

220. 35
270. 42
48.26
77.16

0)

4.82
4.37
10.01
5.53
4.01
5.14

0)

27.69
7.63
9.81

0)

8.24

8.36

8.56

8.58

8.50

8.46

8.16

8.00

8.07

8.04

8.06

8.10

8.08

8.99

7.90

7.80

237. 33
759. 37
75.84
164. 05

247.25
802. 49
79.81
163. 39

246. 02
818. 28
77.32
155. 11

253. 38
831. 26
80.99
164. 17

259. 28
845. 51
82.94
170. 59

256.42
840. 80
81.60
166.84

285. 28
929. 34
89.17
190. 80

297.84
971. 70
89.27
203. 17

301.60
988.55
86.88
207. 80

302. 68
992. 51
87.15
208. 39

304.50
988. 82
86.66
215.71

304. 34
985. 59
86.16
218. 84

310.90
993. 20
90.31
225. 92

307. 85
981. 63
92.91
220.06

311. 79
994. 38
96.63
219. 55

300.04
951. 95
97.33
208.18

82.84
92.91
92.84
78.08

86.16
96.56
94.63
81.18

84.67
94.96
93.61
77.25

88.57
99.29
95.77
83.07

90.07
100. 86
97.35
88.01

88.70
99.31
96.41
85.66

96.86
108. 45
108. 41
91.03

100. 64
112.96
116.68
93.47

101. 08
113. 73
117. 30
94.64

101. 93
114.67
115. 86
94.39

101. 16
113. 76
115.09
91.67

101. 77
114.50
117. 50
90.26

104.20
116. 99
119. 62
93.37

103.29
115. 63
118. 10
92.95

105. 45
118. 15
118. 84
94.75

101. 89
114. 03
113. 16
92.34

48.81 50.63
46.51
47.49
14.33
14.47
14.96
14.53
46. 59
47.75
46.90
46.56
44.91
41.42
37.07
43.40
11.96
11.93
11.83
11.26
51.96
54.00
55.13
56.98
52.34
54.42
53.06
52.23
44.87
48.69
98.14
95.56
98.87 103. 96 104.45 101. 30
99.93
93.38
77.73
85.40
96.94 102. 68 111.72 113. 52
92.36
99.56
93.75
97.83 100.69 100. 97
O Fo r bonds iue or ca liable in 10 years c>r more.
assum id 3 perc ant 20-ye ar bond,
*New series.
9 In eludes daita not si:lown sep arately.

50.18
13.58
44.89
11.53
49.40
94.65
113. 33

Utilities (40 Stocks)..
do
42.59
38.91
43.77
41.17
40.53
Transportation (20 Stocks)*
1970-10
Railroads (10 Stocks)
1941-43=10
36.92
37.29
37.81
34.93
37.48
Financial (40 Stocks)*
1970-10
New York City banks (6 Stocks) . 1941-43 = 10. . 54. 16
44.84
46.72
45.56
51.48
Banks outside N.Y.C. (10 Stocks)
do.. 83.89
79.21
80.52
78.64
80.01
Property-Casualty Insurance (6 Stocks) _ do. . 84.15
88.23
88.72
79.71
92.70
••Revised.
* Preliminary.
• Estimate.
» Series disco ntinued b y Sourc(
d" Number of issues represents number currently used; th<j change i n number does ilot
affect continuity of the series. fl Prices are deri\red from average y ields on basis of an




43.25

46.99

47.22

45.67

44.54

46.07

45.69

46.09

SURVEY OF CURRENT BUSINESS

S-22
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

1974

1976

1975

| 1975

Sept.

Annual

November 1976

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Prices— Continued
New York Stock Exchange common stock indexes:
Composite
_—
12/31/65=50—
Industrial
_ _
do
Transportation
do
Utility
.
do.__
Finance
do

43.84
48.08
31.89
29.79
49.67

45.73
50.52
31.10
31.50
47.14

44.97
50.05
29.46
30.65
43.38

46.87
52.26
30.79
31.87
44.36

47.64
52.91
32.09
32.99
45.10

46.78
51.89
31.61
32.75
43.86

51.31
57. 00
35.78
35.23
48.83

53.73
59.79
38.53
36.12
52.06

54.01
61.60
39.19
35.44
52.59

54.28
60.62
38.66
35.69
52.71

53.87
60.22
39.71
35.40
50.99

54.23
60.70
40.41
35.16
51.82

55.68
62.11
42.12
36.49
54.06

118,434
4 846

157, 260
6 221

9,634
355

13, 294
475

11, 145
404

12,829
521

18,470
689

20,627
801

20,732
796

16,500
570

13, 825
470

14, 947
524

17,209
581

99, 178
3 822

133,684
5,051

8,172
287

11, 344
389

9,495
335

10,881
417

15, 708
563

17,415
640

17, 540
631

17, 540
631

11, 455
370

12, 618
406

13,671
451

3,518

4,693

275

366

319

349

636

596

531

392

356

417

Shares listed, N.Y. Stock Exchange, end of period:
Market value, all listed shares
bil. $-- 511.06
Number of shares listed
millions. . 21, 737

685. 11
22,478

636.87
22, 193

672. 11
22, 245

692. 22
22, 382

685. 11
22, 478

771. 39
22,551

769. 47
22,592

791. 85
22, 700

781.60
22, 784

773.60
22, 956

809. 20
23,263

Sales:
Total on all registered exchanges (SEC):
Market value
mil $
Shares sold
millions
On New York Stock Exchange:
Market value
mil $
Shares sold (cleared or settled)
millions
New York Stock Exchange:
Exclusive of odd-lot and stopped stock sales
(sales effected) _
. millions-

55.18
61.14
40.63
37.56
54.22

56.29
62.35
40.36
38.77
54.52

54.43
60.07
38.37
38. 33
52.74

394

347

415

361

806.82
23,709

810. 06
23, 924

827. 05
24, 080

809.44
24, 212

FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTS
mil $

98,507.2 107,591.6 8 378 7 9 750 9 9 526 4 9, 328. 7 8, 769. 8 8,742.4 9, 847. 4 9, 843. 6 9, 988. 1 9, 863. 3 9, 330. 0 8, 898. 4 9, 208. 7

do
do

97 908 1 107 130.4 8 353 1 9 719 3 9 513 3 9 303.5 8, 760. 2 8,737.6 9, 842. 2 9, 834. 2 9, 977. 4 9, 850. 4 9, 325. 5 8, 828. 8 9, 159. 0
9 104 2 9 225* 7 9 408 9 9, 249. 9 9, 103. 4 8,800.1 8, 955. 6 9, 393. 6 9, 578. 0 9, 716. 3 10,022.0 9,688.1 9, 871. 7

do
do
do
do

3, 659. 4 4, 949. 2
347.2 444 4
25,784.5 28 259.5 2 287 9 2 369 8 2
2, 696. 8 2, 338. 6
213 6
192 8
30, 069. 6 32, 726. 5 2,400 2 2 985 5 3

Northern North America
Southern North America
South America

do
do
do

19 941 7 21 767 4 1 848 6 2 084 7 1 917 5 1 830 4 1,675.7 1,851 8 2, 197. 6 2 192.5 2, 244. 0 2,244 6 1, 699. 4 1, 818. 8
771.6
673.9 664 6
7 947.7 8, 290. 4
692.0 651.3
738.2
750.3
752.0 693.9
722 5
750 3
621 6
746.2 699.9
731.5
680.7
7, 856. 0 8, 815. 3
755.9
815 9
693.0 685.4
628.6 729.7
695 5
664 0

By leading countries:
Africa:
Egypt
Republic of South Africa

do
do

455.2
1 159.9

682.7
1 302.4

35.1
90.4

43 0
117 9

48 7
110 0

48.8
119 6

61.3
96.6

78.3
93 1

54.9
139.0

77.6
113 7

75.1
93.7

57.3
138.1

73.3
120.2

64.2
107.2

do
do
do
do

2 172 3
759.8
396.4
377.3

1 834 0
1, 289. 7
372.0
395.3

153 6
116.0
22.0
57.4

151 7
102 1
28 2
36 2

184 7
91.6
33.2
29.4

166 3
127.6
29.8
30.7

154 4
123.5
28.1
29.8

163 2
99.0
35 0
30.8

163.3
127.2
42.2
34.0

172 3
74.8
35.1
35.1

177 2
52.6
28.4
40.8

224 7
62.7
16.3
54.1

185 0
105.6
22.6
44.4

167.7
96.0
48.5
64.2

do
do
do

530.5
746.7
10,678.5

810.1
831.5
9, 565. 4

55.8
72 3
724.9

61 4
67 9
752 9

58.5
70 0
844.1

64.8
78.4
729.9

91.2
57.6
841.4

72.3
59 1
671.9

107.5
78.7
824.6

104.1
69 9
768.0

114.7
69 2
864.3

67.8
61.1
858.9

64.1
70.4
954.7

84.3
69.3
834.8

2,941.5

251 5

240 0

273.7

254.2

281 1

301.5

306 8

312 8

289.6

265.1

239.6

6

1.6

8.5

Exports (mdse.),incl reexports total cf
Excl Dept of Defense shipments
Seasonally adjusted
By geographic regions:
Africa
Asia
Australia find Oceania
Europe
_

Asia; Australia and Oceania:
Australia including New Guinea
India
Pakistan
Malaysia
Indonesia
Philippines
Japan

_

Europe:
France
do
German Democratic Republic (formerly E.
Germany)
mil $
Federal Republic of Germany (formerly W.
Germany)
mil $
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
Latin American Republics total 9
Argentina
Rpazil
Chile
Colombia
Mexico
Venezuela
Exports of U S merchandise total c?
Excluding military grant-aid
Agricultural products total
Nonagricultural products total

do
do
do
do
do
do
do
do
do
do
do
do
do
do
do

3, 030. 7

214 5

21.9

17.3

g

4, 984. 6

5, 194. 1

2,751.6
608 8
4, 573. 5

2, 866. 9
1 835 5
4, 524. 9

422.4
452.7
331.6
438.9
424.4
339.7 420.4
513.6 '449.8
406 8
388 2 2, 385. 2 2, 409. 3 2, 218. 4 2, 465. 3 2, 398. 6 2, 521. 6 2, 448. 9 2, 718. 1 2, 442. 4
205.0
201.7
215.9
192.9
203.2
217.9
203.2
301.8
236 1 206.6
053 8 2, 969. 4 2, 804. 7 2,836.1 3, 060. 8 3, 124. 4 3, 135. 8 2, 814. 0 2, 789. 5 2, 604. 1

55

16

.6

.5

4.8

14 5

67

2.3

389.5

436 5

477 3

534.5

504.1

386.5

516.2

451.5

463.1

401.7

379.7

417.4

194.6
147 6
341.0

220 3
305 1
359 6

231.0
353 9
367.7

207.9
233 8
348.9

264.8
234 2
346.0

230.5
276 5
386.3

257.4
229 7
393.6

283.3
233 9
431.6

245.5
245 3
385.1

277.7
183.3
364.5

225.1
195.3
429.9

194.4
136.5
360.5

19 936.0 21,758.9 1 848 5 2 084 3 1 917 2 1 830.4 1, 675. 3 1, 851. 5 2 197.4 2 192 4 2,242 8
380 2 1 238 1 1 195 7 1 363 1 1 313 7 1 268 0
29.4
71.5
27 5
52 1
37 3
39 1
270.7
265.0
232 5
233.3 234.9
258 4
40.8
36.6
26 3
24 8
33 7
31 0
58 0
39 8
47 8
55 6
64 3
53 4
483.2
412.6
427.5 480.3 441.4
424.9
193.3
192.8
185.3 213 6
195 8
209 9
97 144 2 106 102 1 8 258 7 9 634 4 9 419 5 9 218 9 8 668 1 8 633 9 9 690 7 9 714 1 9 865 4
96, 545. 0 105,641.0 8,233.1 9 602 8 9 406 4 9,193.6 8', 658! 5 8,629 1 9 685 4 9 704 7 9,854 7
21 998 9 21 889 2 1, 609. 9 2 081 9 2 176 4 1 959 9 1 994 1 1 715 11 873 3 1 933 1 1 848 6
75 145 2 84 267 6 6 692 8 7 551 3 7 244 1 7 255 3 6 674 0 6 918 8 7 817 4 7 781 0 8 016 8
14 500 9 15 670 0 1 185 2 1 412 5 1 318 1 1
598.6
628.3
36 4
39 9
42 4
3, 088. 0 3, 056. 2
299 9
243 8
270 1
49 3
533.4
452.2
49 5
28 9
642 9
659 2
54 6
40 7
41 6
4, 855. 3 5, 143. 6
450 5
385 1 451 4
1, 767. 7 2, 243. 3
206 2
189 7
181 4

2, 244. 2 1, 699. 0 1, 818. 7
1, 349. 9 1 310 6 1 243.1
41.2
39.0
39.9
229.8
240.3
254.0
40.6
63.2
40.8
66.7
55.1
69 9
451.5
405.3
414.0
234.4
190.9
216.2

9 730.7
9,717.8
1,823.8
7,906.9

9 189 1
9, 184. 5
1 798 6
7 390 5

8 764 5
8, 694. 9
1, 759. 6
7 004.9

By commodity groups and principal commodities:
Food and live animals 9
mil $ 13,985.8 15,484.3 1, 244. 0 1, 475. 5 1,526.8 1,382.0 1, 333. 3 1,159 8 1 244 3 1 355.3 1 253 4 1,281.3 1, 357. 9 1, 367. 0 1,321.6
57 i
65 2
50 8
67 6
55 8
45 7
56 1
527 7
53 9
62 2
77 4
380 7
79 3
60 6
886.4
963.3 983.7
933.3 1,114.4 1,174.4 1,038.4
982.7 840 6
866 1
947 9
Grains and cereal preparations
do
10 330 9 11,643.1
853 8
131.1
101.5
89 7
78 4
105 7
150 2
1 247 4 1 308 4
139 3
Beverages and tobacco
do
128 6
137 6
187 9
118 1
120 7
90 3
Crude materials, inedible, exc. fuels 9
Cotton, raw excl linters and waste
Soybeans, exc. canned or prepared

do
do
do

Metal ores, concentrates and sprnn

f\n

r

10, 934. 4
1 334 7
3 537 4
1 475.0

9,783.6
991 2
2 865.2

1 . 355. 2

693.6
67 6
145.2
Iftfi 4

875.9
59 8
354.9
99.8

859.4
44.9
336.4
94.8

Revised.
cf Data may not equal the sum of the geographic regions, or commodity groups and principal




835.8
794.1 904.5
888.0 929.6
39 4
57.1
104 6
90 2
82 0
277.4
253.7
265.7
267.8
256 6
85.8
82.4
93. 3
inn 7 134. 7
commodities, because of revisions to the totals not
9 Includes data not shown separately.
819.8
61.6
268.3
84.1

875.4
89.0
265.8
110.9
reflected

807.1
80.1
189.9
134.9

768.9
85.9
150.2
108. 2

823.5

in the component items.

SURVEY OF CURRENT BUSINESS

November 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

1974

1975

1975

Annual

S-23

Sept.

Oct.

1976

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

403.8
314.4
72.5

347.5
241.4
91.2

304.8
214.4
75.2

387.8

FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF EXPORTS— Continued
Exports of U.S. merchandise— Continued
By commodity groups and principal commodities — C ontinued
Mineral fuels, lubricants, etc. 9 . ._
mil. $ 3,443.9
Coal and related products
do _. 2, 487. 2
Petroleum and products. .
.
do
791.7

4, 469. 5
3, 343. 0
907.3

323.5
233.9
79.7

318.5
224.2
81.1

457.9
379.6
63.8

350.9
231.2
89.4

268.4
187.3
60.0

281.7
156.2
84.8

303.9
208.6
76.5

415.1
297.3
95.6

373.0
278.2
76.6

Animal and vegetable oils, fats, waxes

do

1,423.3

943.8

43.5

56.9

77.7

68.8

78.9

73.9

77.9

77.3

96.4

78.3

86.4

60.3

91.5

Chemicals

do

8,819.2

8, 691. 2

676.1

728.8

661.6

780.7

748.7

714.9

863.8

854.2

898.1

844.4

850.7

841.0

785.4

do
do
do
do

11,165.8 10,919.2
1, 795. 3 1,624.5
2, 560. 3 2,457.0
1,300.4 1, 089. 5

880.2
142.8
185.9
84.7

980.7
162.0
173.5
92.3

914.2
147.1
184.2
92.6

895.3
145.6
151.6
103.2

894.0
150.3
145.0
00.2

890.5 1, 019. 0
151.3
175.9
152.4
164.3
68.0
104.9

975.5
168.0
168.8
89.7

959.2
161.6
166.6
83.5

959.8
169.2
157.8
88.1

897.6
150.6
174.9
90.4

892.8
147.6
165.1
96.7

910.0

- -~

Manufactured goods 91
Textiles
Iron and steel
Nonferrous base metals .

.
..
..

Machinery and transport equipment, total
mil. $-. 38,188.6 45,667.6 3,586.1 4,200.3 3,946.7 4,038.2 3,589.3 3,879.3 4,330.9 4, 224. 1 4,438.8 4, 395. 7 3, 977. 8 3, 728. 9 3, 846. 6
Machinery, total 9
_
do
23,687.9 28,476.2 2,202.9 2, 587. 9 2, 413. 8 2,474.3 2, 377. 1 2,402.3 2, 789. 8 2,704.0 2,721.7 2, 668. 7 2, 678. 0 2 365 3
Agricultural
do
190.7
1,398.4 2,094.4
186.6
182.5
150.1
171.4
181.2 143.1
155.5
203.4
218.6
186.5
221.5
Metalworking
_
do
71.7
636.5
72.4
63.8
83.1
96.2
62.6
87.2
73.7
66.2
916.4
83.3
106.0
106.6
Construction, excav. and mining
do
406.5
3, 112. 6 4,731.4
429.6 386.2 423.1
374.4
394.4
434.6 438.2 418.2 442.5 469.4 356.4
Electrical.
do
688.5
7, 019. 2 7, 582. 0
599.2
706.4
664.2
633.3
665.1
792.2 795.1 770.0 769.4 814.2 755.3 766.6
Transport equipment, total
do
14, 500. 7 17,190.5 1,382.2 1,670.8 1,532.8 1,563.9 1,212.2 1,477.0 1,541.1 1,520.1 1,717.1 1, 727. 0 1, 299. 9 1, 363. 6 1, 355. 1
Motor vehicles and parts
do
7,878.1 10, 036. 2
893.0
989.7 919.4
944.3
733.0 788.2
760.5 848.1 981.2 997.8 1,011.5 1,009.9
Miscellaneous manufactured articles
Commodities not classified

.do

5,349.1

5,672.7

460.0

530.9

471.8

478.5

477.9

500.4

611.8

545.7

578.0

558.0

537.6

508.0

544.8

do

2, 586. 6

3, 162. 0

245.7

278.2

353.3

265.5

254.0

201.6

216.5

258.3

248.5

244.4

248.2

191.3

215.7

VALUE OF IMPORTS
General imports, total
Seasonally adjusted.
By geographic regions:
Africa
_ __
Asia.
Australia and Oceania
Europe
_ _

do
do
do
do
do
do

.

Northern North America..
Southern North America ..
South America .

_.

By leading countries:
Africa:
Egypt
—
Republic of South Africa

do
do
do
do
do

Asia; Australia and Oceania:
Australia, including New Guinea
India.
Pakistan
Malaysia
Indonesia
.
Philippines
Japan
_
.

do
do
do
do
do
do
do

Europe:
France
do
German Democratic Republic (formerly E.
Germany)
mil $
Federal Republic of Germany (formerly W.
Germany)
mil $
Italy
_._
do
Union of Soviet Socialist Republics
do
United Kingdom
do
North and South America:
Canada

100,251.0 96, 116. 0 8,152.6 8,510.8 7,908.5 8,884.5 9,009.0 8,111.2 10,199.2 9, 895. 1 8,943.7 10,578.1 10,563.8 10,453.1 10,385.4
8,196.0 8,169.3 8,201.3 8,521.5 9,176.0 8,940.9 9,606.5 9, 595. 7 9,182.4 10,093.6 10,849.1 10,445.8 10,650.6
6, 617. 6 8,304.6
869.2
710.7
632.5 743.0
893.8 789.9
811.6
964.5 1,054.5
27,344.9 27, 054. 6 2,321.3 2, 574. 5 2,356.0 2,663.0 2, 955. 3 2, 502. 1 3, 145. 9 3,033.1 2,790.2
163.5
136.1
1, 503. 9 1,508.2
130.9
101.2
130.7
124.0
94.9
115.9
134.7
24,411.8 21,465.9 1, 539. 1 1, 742. 9 1,831.0 2,053.9 1, 896. 6 1, 610. 8 2, 156. 9 2,027.5 1,806.4
21,929.1 21, 754. 7 1,821.6 2, 036. 1 1,861.5 2, 021. 5 1, 796. 2 1, 871. 2 2, 253. 5 2, 301. 4 2,222.5
9, 433. 1 8,821.6
753.4
749.5 591.7 684.6
714.2
681.4
698.2
900.8 834.4
8,962.4 7, 219. 3 692.8
566.7 501.1 606.2
560.4
483.8
627.7
642.3 542.4
6.8
79.7

.5
85.0

1, 082. 7 1,183.0
559.5
548.2
60.7
48.8
769.7
766.4
1, 688. 1 2,220.6
1, 083. 9
754.2
12,337.6 11, 268. 0

132.4
50.7
3.3
56.2
207.6
87.3
840.6

109.8
76.8
3.9
74.4
219.2
99.3
938.1

101.3
89.1
101.0
77.2
62.1
59.8
6.2
5.4
6.4
80.8
77.5
66.8
182.5
192.9
245.1
63.4
44.3
49.5
867.1 1,044.9 1, 156. 7

114.5 120.5
74.2
92.1
124.9
79.0
102.3
49.4
66.0
60.2
65.7
59.1
74.7
55.1
5.7
6.2
6.9
5.7
5.8
5.8
7.7
72.0
88.0
61.8
97.8
63.6
65.6
72.4
190.9
278.4 245.1 225.0 222.3 285.3 304.2
83.5
80.6
55.7
67.7
58.3
66.5
53.3
995.0 1, 308. 3 1,231.2 1,184.6 1, 399. 4 1, 354. 5 1, 407. 8

2,257.4

2,136.9

134.2

150.8

175.5

194.9

185.3

166.7

222.9

206.1

183.0

206.5

217.9

11.2

1.0

1.4

.9

1.3

1.9

.5

1.1

.6

1.1

.9

1.7

1.1

347.6
205.7
21.4
274.6

433.1
194.9
25.4
298.2

467.9
230.0
21.9
333.7

432.9
240.8
23.6
378.3

14.1

6,323.9
2, 585. 0
349.7
4,061.3

5,381.5
2, 397. 1
254.4
3,784.4

4.8
71.9

438.1
209.9
17.0
298.3

7.8
59.5

509.5
218.5
23.7
360.7

11.4
62.8

486.0
207.5
16.7
302.2

5.8
70.8

348.0
178.5
11.2
286.6




;-—

14.0
75.6

490.1
228.5
14.5
402.7

11.0
58.3

460.8
208.8
18.3
359.0

8.4
52.8

431.0
198.0
12.1
334.4

1.1
95.8

491.7
214.5
26.3
376.9

5.9
68.8

9.8
66.2

213.8

21,746.7 1, 820. 9 2, 034. 7 1, 861. 5 2, 020. 3 1, 795. 7 1, 870. 9 2,253.0 2,300.5 2,221.4 2, 330. 8 2, 176. 9 2,057.7
952.3 835.6 997.2
11,839 8 1, 068. 7
992.8 927.8 1, 149. 5 1, 027. 7 906.7 1, 193. 8 1, 142. 4 1,095.1
28.2
39.9
24.9
20.5
214.6
25.4
27.2
17.2
25.2
26.2
18.3
22.5
23.4
115.2
146.8
188.3
98.9
1,464.3
180.5
134.1
135.2
98.5
108.2
116.9
135.8
133.3
16.2
13.1
14.1
10.8
137.7
12.2
20.3
14.6
20.5
22.6
13.1
19.0
16.4
44.0
44.5
58.5
59.9
590.2
43.2
41.0
51.4
58.9
58.6
52.3
59.5
59.9
248.0 280.2
3,058.6 270.3 298.4
258.0 335.5 309.3 286.6 330.4 274.9 275.3
263.4
225.3 284.1 287.4
278.1 249.8
3, 623. 9
286.2 319.7
256.6
294.9 336.2 305.6
186.7

9,489.8
829.2
800.5
946.2
787.3
843.0
831.0
86,650.5 7,215.4 7, 682. 7 7, 110. 2 8, 101. 6 8, 165. 9 7, 280. 2
8, 503. 3 896.9
759.9 725.1 712.1
759.7
669.5
321.1
27.2
21.2
24.0
44.3
41.7
21.8
1, 560. 9
145.5
210.4
140.9
117.4
152.0
166.3
1,141.2
102.0
125.5
106.2
135.6
100.6
90.7
1, 870. 1 237.0
165.4
90.4
62.9
76.3
91.3
Beverages and tobacco ...
do
1,322.3 1,419.5 106.9
128.0
137.2
120.4
141.5
158.3
Crude materials, inedible, exc. fuels 9
do
6, 065. 6 5,564.2
457.7
476.4
524.4
415.3
483.7
439.5
Metal ores
do
1, 848. 1 1,976.7
165.0
126.4
184.3
183.9
147.0
102.0
Paper base stocks
do
1,164.9 1,067.5
86.9
82.2
81.7
108.6
96.9
99.3
Textile
fibers
"""do"""
225.2
174.4
19.6
18.4
17.6
18.0
20.8
16.8
d
515.6
364.7
34.1
39.2
38.5
30.0
36.9
33.8
Mineral fuels, lubricants, etc. _
do
25, 453. 8 26,475.6 2, 446. 1 2, 345. 5
089. 4 2, 547. 5 2,790.7 2, 302. 3
Petroleum and products
do"" 24, 269. 5 24, 814. 3 2,305.0 2, 197. 7 2,
1,931.1 2, 364. 1 2, 609. 4 2, 122. 4
Animal and vegetable oils and fats.
do
553.9
544.3
48.8
66.2
41.6
37.8
46.0
51.5
Chemicals
"do
4, 017. 7 3,695.9
275.1 302.4
298.5 327.9
350.0 316.6
Manufactured goods 9 f_
_
do
17,718.7 14,702.5 1,091.8 1, 194. 0 1,121.2 1,211.1 1, 190. 5 1, 108. 6
Iron and steel
_.
"do
5, 148. 9 4, 594. 5
285.4
238.5
279.6 330.5
310.0
291.2
1, 503. 2 1, 427. 3
97.8
109.0
73.1
68.7
78.6
76.6
Nonferrous metal's
do
3, 921. 0 2,580.7
258.8
225.8
231.3 252.7
247.3 211.1
Textiles
~
d
1,614.7 1,218.6
117.0
90.1
126.0
141.4
144.8
117.5
'Revised.
9 Includes data not shown separa tely.
1Manufact ured goo ds—class ified chicjfly by irtaterial.

::::

2, 331. 0 2, 177. 0 2, 058. 9
883.0 747.3 711.7
659.0
643.1 694.7

27.5
840.9

69.7
608.8

do
21,924.4
Latin American Republics, total 9
do
13,666.9
Argentina
do
385.8
Brazil
do
1, 699. 9
Chile
do
310.3
Colombia
do
511.0
Mexico
do
3,390.4
Venezuela
do
4, 671. 1
By commodity groups and principal commodities:
Agricultural products, total
mil $ 10, 380. 1
Nonagricultural products, total
..do
89, 837. 9
Food and live animals 9
_
do
9, 386. 2
Cocoa or cacao beans
do
316.6
Coffee.
do
1, 504. 8
Meats and preparations
do
1,352.6
Sugar
_. "do"""" 2, 247. 4

Rubber

1,106.0 1, 228. 9 1, 158. 6
3,414.8 3, 589. 0 3, 725. 5
150.1
140.7
177.4
2,022.3 1, 985. 8 1, 988. 4

1, 002. 8 918.2
847.4 1,038.2 960.5 914.6
9, 196. 3 8, 976. 9 8,096.3 9, 540. 0 9, 603. 3 9, 538. 5

890.1
38.8
234.3
128.3
76.1

818.6
30.3
179.8
122.0
122.7

781.8
30.6
178.9
130.1
94.3

980.2
31.3
239.9
149.3
121.8

903.3
26.4
276.7
127.9
90.8

880.7
33.8
249.1
111.8
120.0

167.8

127.6

108.4

136.2

123.0

104.9

123.5

619.5
232.2
112.5
19.3
33.2

678.6

539.6
125.6
109.5
31.8
45.5

563.0
162.8
102.2
22.3
47.2

539.1
168.5
106.0
19.0
33.6

652.3
246.6
115.8
17.8
49.6

649.8
220.3
108.6
21.8
45.9

851.2

2,748.2 2, 797. 3 2, 134. 9 2, 834. 1 3, 036. 8 3, 164. 6 2, 959. 6
2, 583. 6 2,620.3 1,968.1 2, 659. 8 2,877.6 2, 987. 5
34.4
410.1

36.8
414.3

29.4
371.0

30.1
388.0

34.2
385.9

35.6
368.3

43.2
368.4

1, 470. 7 1, 409. 6 1,383.4 1 649 6 1, 547. 8 1, 538. 0 1, 538. 1
352.2 371.5
318.6
288.3 318.5 411.4
168.4
157.2
164.7
169.4
146.9
161.0
278.0 294.7
288.4 362.4 322.5 320.3
148.9
144.9
129.8
138.5 142.1 128.8

Oct.

SURVEY OF CURRENT BUSINESS

S-24
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

1975

1975

1974

Annual

November 1976

Sept.

Oct.

1976

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF IMPORTS— Continued
General imports— Continued
By commodity groups and principal commodities—Continued
Machinery and transport equipment.. _ mil. $__ 24,060.3 '23,457.2 1,793.3 2, 138. 6 2, 018. 6 2,269.4 2,229.7 2,104.9 2,724.0 2,606.2 2, 459. 1 2,612.5 2, 461. 8 2, 307. 2 2, 445. 0
11,612.0 11, 727. 4
966.4 1, 109. 8
999.1 1, 124. 0 1, 003. 9 1, 009. 7 1, 310. 1 1, 228. 2 1, 180. 4 1, 245. 5 1, 380. 7 1,310.0
Machinery, total? _
do
23.5
29.8
29.4
25.1
28.5
299.7
32.9
25.7
361.5
28.7
26.5
28.0
40.6
Metalworking
do
28 6
527.4
631.2
693.8
5, 339. 1 4,911.2
566.5 556.0
681.7
455.6
450.1 443.2 590.8
Electrical
_ _
do
444.3 496.3
826.9 1,028.8 1, 019. 6 1, 145. 4 1, 225. 9 1,095.3 1, 413. 9 1, 377. 9 1, 278. 7 1, 367. 0 1, 081. 1
979.8 1, 246. 3 1, 239. 3 1, 139. 4 1, 248. 3
949.2
907.0
699.8
914.3 1,026.2 1,132.4

do
do

12,450.7 11, 737. 2
10,263.9 9, 920. 7

Miscellaneous manufactured articles

do

9, 426. 2

r

9,224. 4

815.7

919.7

844.1

878.7

838.7

790.2

999.2

931.7

925.4 1,098.7 1, 194. 7 1, 215. 3 1, 124. 1

Commodities not classified

do

2, 255. 7

f

2,517. 6

217.9

217.4

211.9

234.6

186.6

169.7

215.0

189.9

211.2

196.4

226.5

218.9

174.5
180.5
315.0

195.1
176.7
344.9

195.5
165.8
324.1

194.1
193.7
376.0

195.5
188.4
368.4

198.7
181.1
359.8

201.2
168.5
339.0

198.5
170.2
337.9

198.0
191.6
379.2

199.6
190.4
380.0

202.5
190.5
385.9

201.3
189.1
380.5

201.9
178.1
359.6

202.6
168.0
340.4

223.3
168.1
375.5

241.2
149.4
360.5

237.6
154.5
367.2

238.9
160.5
383.4

236.6
150.6
356.2

239.6
166.7
399.4

241.3
167.7
404.6

243.8
149.6
364.9

245.3
187.2
459.1

246.7
180.9
446.2

248.3
162.7
404.0

249.0
192.2
478.5

250.5
189.3
474.2

251.6
186.5
469.4

thous sh tons
mil. $

264,484
55,506

269, 190
61, 412

21, 373
4,625

23, 611
5,485

27, 156
5,466

23,346
5,360

21,578
5, 107

19, 368
4,772

20, 779
5,271

25, 124
5,553

24, 109
5,457

24, 861
5, 377

thous sh tons
mil $

446 558
67,160

427, 865
63, 469

39, 381
5,418

36, 773
5,349

32, 095
5,018

38, 910
5,780

40, 865
6,253

33, 305
5,246

40, 122
6,673

40, 391
6,434

34, 741
5,721

44, 644
7,194

Transport equipment
Automobiles and parts.

997.2
874.7

233.5

Indexes
Exports (U.S. mdse., excl. military grant-aid):
Unit value
1967 — 100
Quantity
do
Value
. .- ..do _
General imports:
Unit value
_.
_ _ _
__ .
do
Quantity
do
Value
do
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight
Value
General imports:
Shipping weight
Value

TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers (Scheduled Service)
Certificated route carriers:
Passenger-miles (revenue).
bil
Passenger-load factor §
percent..
Ton-miles (revenue), total^f
_
mil

162. 92
54.9
22, 425

162.81
53.7
22,186

12.90
51 8
1 803

13.36
53 7
1 899

12.26
52 0
1 762

13 93
60 1
1 901

13.94
53.4
1 839

12.75
52 0
1 727

14.19
53.6
1 954

14.67
56.2
1 991

14.66 p 16.21 v 17.72 P 18. 15
55.3 v 58.9 »60.6 P 61. 5
1 988 v 2 146 J>2 301 P 2 338

3,876
3,172
332
73
4,005
-130

4,390
3,595
377
76
4,113
210

Operating revenues9O_.
Passenger revenues
Cargo revenues
Mail revenues
.
Operating expenses©
Net income after taxesO

mil. $._
do
do
do
do
do

14,703
11,879
1 248
309
13, 978
322

15,356
12,354
1,310
311
15,228
-72

4 174
3 389
344
72
3 950
118

Domestic operations:
Passenger-miles (revenue)
Cargo ton-miles
Mail ton-miles..

_bil._
mil
do

129. 73
2,888
692

131.73
2,747

10.22
244
53

.mil. $
do
do

11,546
10, 761
381

12,020
11,902
-46

3 203
3 075
42

bil
mil
do

33.19
2,083
471

31.08
2,048
426

2.67
187
30

mil. $_ .
do__"
do

3,157
3,218
-60

3,336
3,326
-25

971
875
75

mil..

5,606

' 5,634

r 454

98
2 9, 610

2 9,553

100
2 500

98
2 761

95
2 565

100
2,814

233

220

81

78

65

90

194

174

43

49

45

48

Operating revenuesO
Operating expenses©
Net income after taxesO
International operations:
Passenger-miles (revenue)
Cargo ton-miles
Mail ton-miles . .

..

Operating revenuesO
Operating expenses©
Net income after taxes©

3 884
3,037
356
84
3 923
—58
10.92
261
59

10.06
239
55

11.36
214
75

11.29
206
56

10.54
207
52

2.20
204
38

2 56
173
46

12.11
255
58

11.79 v 13.07 f 14.03 P 14.48 « P 10.07 « P 10.51
251
v 257
»248
P 249
v 55
f 55
59
P 54

3,102
3,187
-76

3073
3 062
—13
2.44
210
33

11.80
250
59

2.65
151
33

2.21
161
32

2.39
193
33

3,496
3 246
166
2.56
179
32

2.86
179
34

774
817
-54

811
861
—45

i>3.15
P 179
P 34

*3.69
p 193
*»32

p 3.67
p 187
p 32

437

435

440

156.7

156 1

156.9

894
866
44

Urban Transit Systems
Passengers carried (revenue).,.

Motor Carriers
Carriers of property, large, class T, qtrly.:*
Number of reporting carriers
Operating revenues, total...
mil". $__
Net income, after extraordinary and prior period
charges and credits
mil $
Tonnage hauled (revenue), common and contract
carrier service
mil. tons..
Freight carried— volume indexes, class I and II
intercity truck tonnage (ATA):
Common and contract carriers of property
(qtrly. )cf
average same period, 1967=100.
Common carriers of general freight, seas. adj.
1967=100..

135

121

124

155.4

131.8

140 1

496

450

481

467

564

484

472

137 6

141 8

142 6

149 6

152 2

466

138

135
137 5

Class I RailroadsA
Financial operations, qtrly. (AAR), excl. Amtrak:
4,154
16,392
Operating revenues, total ©9
..
mil. $
16, 947
2 15 ggi
Freight
do
15,396
3 900
296
75
Passenger, excl. Amtrak
do
290
3 237
O perating expenses ©..
do
13 127
13,229
727
TEX accruals and rents.. .
do
2,813
3,050
Net railway operating income
do
190
349
769
1115
Net income (after taxes) 0—
do
i 111
1687
r
Revised.
p Preliminary.
i Before extraordinary and prior period items. 2 Annual
total; quarterly revisions not available.
9 Includes data not shown separately.
1 Applies to passengers, baggage, cargo, and mail carried.
§ Passenger-miles as a percent of
available seat-miles in revenue service reflects proportion of seating capacity actually sold
and utilized.
© Total revenues, expenses, and income for all groups of carriers also reflect
nonscheduled service.
*New series. Source: ICC (no comparable data prior to 1972).




493

145 0

155 7

153 2

b
/ 3, 978 4,766
3 824 4 368
4 435
b 3 574 4 110
4 176
b
78
70
82
6
/ 3, 290 3,779
3 415
3 288 3 538
b
838
/690
653
743
766
b — 116
149
/— 2
277
64
U52
/i -68
1239
* 1-175
i 22
cf Indexes are comparable for the identical quarter of each year (and from year to year).
AEffective 1976, defined as those with annual revenues of $10 million or more; restated 1975
data reflect changes.
©Natl. Railroad Pass. Corp. (Amtrack) operations (not included in

SURVEY OF CURRENT BUSINESS

November 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

1974

1976

1975

1975

Annual

S-25

Sept.

Oct.

Nov.

Dec.

Jan.

Mar.

Feb.

Apr.

May

June

July

Aug.

Sept.

Oct.

212.3
203.6

'55.6

3

TRANSPORTATION AND COMMUNICATION—Continued
TRANSPORTATION—Continued
Class I RailroadsA— Continued
Traffic:
Ton-miles of freight (net), total, qtrly
bll
Revenue ton-miles, qtrly (AAR)
do
Revenue per ton-mile
.
cents
Price index for railroad freight. .
1969=100
Passengers (revenue) carried 1 mile
mil--

781.0
754 6
2 043
169.4
9,765

880.7
851 0
1.848
149.7
10, 333

190.1
182 4

202.8
196 3
2. 135
180.9
2 4, 971

6

193. 8

200.1
190.7

59. 2

577.5

365.9

181.0

181.2

181.2

185.4

187.1

187.4

187.4

187.5

187.6

191.1

108
29.41
56
21.24
58

113
30.48
57
21.11
63

132
29.28
62
21.64
66

120
30.88
64
21.93
66

140
32.10
67
22.92
71

137
30.71
67
23.30
74

148
31.34
64
24.04
75

128
32.16
69
23.45
78

711
825
757
898
604
742
449
591
263
345
7, 780 <11,383

936
766
746
723
227
10,923

683
705
576
516
189
6,498

146
4,847

2

175.7

180.2

180.8

115
27.01
58
20.72
65

131
29.55
70
21.31
69

117
28.19
60
21.16
60

653
658
706
632
543
472
483
480
161
131
5, 845 < 4, 597

606
599
430
398
119
c
2, 596

Travel
Hotels and motor-hotels:
117
Restaurant sales index
same month 1967=100
25.02
Hotels: Average room sale*!!
dollars
62
Rooms occupied
.
. % of total
Motor-hotels: Average room sale^I
dollars
19.38
Rooms occupied
% of total
67
Foreign travel:
8,540
U.S. citizens: ArrivalsO
thous.8,306
Departures©
do ...
Aliens: ArrivalsO
do ..
5,936
5 067
Departures©
do
2,415
Passports issued...
do
National parks, visits §
do - « 52, 857

118
27.60
59
21 23
64
1

8 050
8,177
6 176
5 326
2,334
« 60, 527 '

117
27.67
43
20.83
48
514
624
457
418
118
'3,716 *

«571
493
5545
514
»474
367
»426
307
183
194
1, 829 * 2, 196

4

585
617
590
565
629
710
442
474
488
338
422
387
315
315
285
2, 319 < 3, 462 *4,826

4

COMMUNICATION
Telephone carriers:
Operating revenues 9
mil $
Station revenues
do
Tolls, message
do
Operating expenses (excluding taxes)
do
Net operating income (after taxes)
do
Phones in service, end of period
mil
Telegraph carriers:
Domestic:
Operating revenues
mil $
Operating expenses
do
Net operating revenues (before taxes)
do
Overseas, total :d"
Operating revenues
do
Operating expenses
do
Net operating revenues (before taxes)
do

28,941
13, 895
11,426
18, 420
5,296
127.9

32, 070
15, 256
12, 692
20, 664
5,792
132.3

2,743
1,300
1,087
1,777
492
131.1

2 827
1,323
1,138
1,854
500
131.6

2,761
1,329
1,059
1,766
508
132.0

2,842
1,347
1,125
1,856
527
132.3

2, 853
1,350
1,138
1,829
509
132.9

2 837
1,364
1,089
1,788
519
133.4

3,023
1,381
1,245
1,938
540
133.6

3,018
1,400
1,211
1,900
552
135.0

2,991
1,393
1,193
1,879
555
135.3

3,062
1,415
1,238
1,911
578
135.4

3,054
1,410
1,225
1,907
574
135.8

483.9
384.7
69 4

504.8
403.9
70.7

42.1
34.3
5.4

45.1
35.6
6.8

41.4
33.8
5.0

44.4
37.5
5.4

41.1
34.4
4.1

42.2
33.7
6.2

46.0
35.9
7.7

45.1
35.2
7.5

42.9
34.4
6.1

45.3
36.3
6.6

43.6
35.3
6.0

43.9
37.7
3.9

298 7
205.4
77 4

315.9
223.6
74.6

27.5
18.9
7.1

28.7
19.8
7.3

25.2
18.4
5.2

26.6
20.4
51

27.0
20.1
5.0

26.4
19.8
5.2

29.6
21.4
6.6

28.5
21.3
5.5

28.4
21.6
5.2

30.1
21.3
7.5

29.6
22.5
4.9

29.6
22, 8
5.0

100
••841
'217
'36

100
853
206
33

171
'855

53
108

161
843
60
112

CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
Production:
Aluminum sulfate, commercial (17% AljOaU
Chlorine gas (100% Clj)}
do
Hydrochloric acid (100% H''"'I)"}
do
Phosphorus elemental t
do
Sodium carbonate (soda ash), synthetic (58%
Sodium
Sodium
Sodium
Sodium

hydroxide (100% NaOH)J
do
silicate anhydrous*
do
sulfate anhydrous}
do
trypolyphos'phate, (l"o"o"% NasP'sOio)}
dn

1 278
10 753
2 451
524

1 163
9 104
1 989
450

96
785
170
39

117
846
182
40

88
776
160
39

108
835
183
37

83
758
181
36

82
781
203
37

92
844
201
37

99846
203
34

88
858
199
39

90
829
210
35

3 507
11 189
770
1 348

2 802
9 583
724
1 227

209
829
45
105

247
887
69
113

201
820
68
110

250
873
66
96

204
789
60
100

210
805
64
95

225
848
72
99

214
867
76
117

219
864
63
105

209
846
62
100

66

71
62

60
52

61
52

60
57

62
61

65
69

60
62

61
70

60
63

54
57

65
58

794

r
794
5,576

763
5,529

770
903
crvq
787
Sulfur, native (Frasch) and recovered:
i iQ 533 1 1 0 1 8fi
m- IT /
PI
.~f\ — V ~ f
--uioijs. ig. Kms-3 957
5 126

CO

818

805

820

5 051

5 078

5 126

5 226

746

4 993

5 252

5 297

5 353

5 463

5 505

1 313

1 283

1 299

1 495

1 342

1 241

1 362

1 446

1 508

1 374 ' I 419

ono

826

781

817

791

Inorganic Fertilizer Materials
Production:
Ammonia, synthetic anhydrous}
A

1

it

t

' 1

1 <; 1 i'

j

' j

Ammonium sulfatei
do
Nitric acid (100% HNO 3 )} X |
do
Nitrogen solutions (100% N t
do
Phosphoric acid (100% PjOs)}
do
Sulfuric acid (100% HjSO4)±
do
Superphosphate and other phosphatic fertilizers
(100% PjO 5 ):
Production
thous sh tons
Stocks end of period
do
Potash, deliveries (KjO)
do
Exports total 9
do
Nitrogenous materials
do
Phosphate materials
do
Potash materials
do
Imports:
Ammonium nitrate
do
Ammonium sulfate
do
Potassium chloride
.
do .
Sodium nitrate
do

15 733
7 542
2 061
8 120
2 102
7 213
34 177

16 393

5 367
377
6,334
J
20 156
i 914
15 361
1 415

5,396
541
5,079
19 611
1 397
13 786
1 419

7 088

2 106
7 527
2 013
7 671
32 372

545
164
606
140
614

606
172
655
142
681

578
169
647
145
710

558
150
588
147
615

546
156
581
141
603

559
148
631
149
664

635

(7)

2 542

2 748

2 842

3 113

2 575

2 557

2 834

661
195
702
2,875

406
621

461
509

478
538

505
541

462
619

458
656

472
552

495
451

320
1 787

672
1 586

384
1 619

470
1,639

437
1,596

110

704
1,662

142

381
1,159

914
2,150

138

1 163
'l33

1 081

1 205

1,103

84
808
96

151

1 252

1,133

1,609

79

111

147

173
132

32
369
245
14
12
20
15
219
258
14
6,132
7,146
746
526
418
2
139
150
0
7
'
Revised.
»
Preliminary.
*
Annual
total;
monthly
revisions
are
not
available.
2
For six months
ending in month shown.
3 p0r month shown.
< See note " §".
« See
6
note p.
Restated 1st qtr. 1975.
? Data withheld to avoid disclosure of figures from
individual companies.
ASee "A" note, p. S-24.
lAverage daily rent per occupied room, not scheduled rates.
9 Includes data not shown separately.




621
203
664
148
704

79

104

115

157

675
(7)
664
205
671

2,781

614
(7)
606
179
612
2,474 '

453
496

391
513

388
1,401

297
1,343

97
962
166

83
957
98

'606
'159
'625
2, 571

1,380
608
152
636
163
711
2,887

'461
'435
557
1,553
60
978
116

550
374
613
1,623
110
1,041
157

'589

131

'559
1,463
93
965
195

"557

16
17
24
40
64
23
17
35
15
12
25
19
30
45
59
106
21
65
47
18
713
681
593
245
526
507
943
564
828
510
4
28
0
23
9
14
14
0
0
4
OEffective 1976, data are compiled by U.S. Dept. of Transportation from INS records
and refer to air travel; travel by sea is omitted (for 1973-75, average annual arrivals and departures by sea are as follows—units and order as above: 814; 784; 159; 129).
§Effective Jan. 1976, data include visits to Voyageurs National Park (no count of visits for
earlier periods is available); data for Mar.-July 1976 are restated to delete visits to Platt National Park which was reclassified as a national recreation area.
^Includes data for Western Union Int. Cable & Wireless.
c
J Monthly revisions back to 1971 are available upon request.
Corrected.

SURVEY OF CURRENT BUSINESS

S-26
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

1975

1974

November 1976

1975

Annual

Sept.

Oct.

1976

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— Continued
Industrial Gases?
Production:
Acetylene..
mil. cu. ft..
Carbon dioxide, liquid, gas, and solid
thous. sh. tons..
Hydrogen (high and low purity)
mil. cu. ft
Nitrogen (high and low purity) .
do
Oxygen (high and low purity)
do
Organic Chemicals d"
Production:
Acetylsalicyllc acid (aspirin)
..mil. lb_.
Creosote oil.
_
mil. gal..
Ethyl acetate (85%) .
mil. Ib
Formaldehyde (37% HCHO)
do
Glycerin refined all grades do
Methanol, synthetic
mil. gal
Phthallc anhydride
»
mil. Ib
ALCOHOLJ
Ethyl alcohol and spirits:
Production
. ,.
w ..
mil. tax gal
Used for denaturation
do
Taxable withdrawals
do ..
Stocks end of period
do
Denatured alcohol:
Production
_. ... mil. wine gal
Consumption (withdrawals)
do
Stocks, end of period
do

7,808

6,697

640

563

603

648

582

588

601

617

605

••603

625

1,804
81, 536
243,316
389, 628

1,851
73, 552
252,980
352,560

170
6,759
21,765
30,061

172
6,879
21,968
29,196

137
6,085
21,443
28,618

145
7,099
23,035
28,530

138
6,397
22,445
30,024

145
6,165
22, 448
32, 107

164
7,337
24,496
33,618

154
7,064
23, 197
32,367

160
6,528
24,421
34,679

169
••188
6,835 ••6,353
23,226 •• 23,913
32,938 ' 32,898

198
6,497
25, 108
33, 335

133.3
125.8
11 114. 6 i 117. 0
197. 6
i 124.3
15,764.4 14,616.0
348.7
264.4
il, 035.9 i 779. 7
1 977. 1 i 708. 8

1.9
8.3
10.8
430.1
19.5
61.6
68.0

2.0
7.9
9.8
495.4
22.9
65.6
73.6

2.2
6.3
14.3
399.4
25.7
73.5
65.0

1.8
6.7
14.1
431.7
27.0
78.7
78.1

2.1
6.0
11.9
357.8
27.3
71.5
68.4

2.4
5.5
12.1
451.8
23.8
67.4
65.3

2.3
7.5
15.7
503.2
29.6
80.4
83.2

1.7
7.2
13.1
472.9
26.5
82.4
79.7

2.6
7.4
14.9
441.2
28.2
84.4
81.0

2.4
11.3
14.8
457.4
26.6
84.3
80.6

2.6
9.5
13.7
424.1
26.6
83.0
75.1

1.7
13.3
14.2
442.3
••27.3
72.6
76.8

622

618.2
460.0
73.8
100.6

526.3
391.3
77.6
106.1

39.6
43.8
7.1
107.0

53.8
37.8
7.6
96.7

46.4
30.0
6.3
103.1

47.9
39.8
7.5
106.1

41.6
35.2
5.5
102.6

36.2
29.9
5.2
105.6

44.0
38.0
7.3
101.8

39.3
35.0
5.9
96.5

36.0
40.0
6.2
95.7

37.3
38.1
7.4
93.1

45.2
33.0
6.0
100.0

46.0
38.8
7.0
96.2

254.8
254.9
2.8

207.3
207.1
2.7

18.9
18.8
2.2

20.3
20.3
2.2

16.2
16.3
2.1

21.6
20.4
2.7

19.1
19.4
2.5

16.2
15.9
2.8

20.2
20.2
3.4

19.0
19.5
2.9

17.2
17.5
2.6

20.6
20.4
2.8

17.8
17.8
2.8

21.0
20.6
3.2

i 1,277.5
17,260.8
1,917. 6
i 3,834.1
i 3,816.1

124.2
680.0
189.6
419.9
322.3

138.3
711.5
204.5
420.3
374.0

111.6
693.6
192.3
389.9
371.0

108.6
765.3
185.2
378.2
362.3

123.2
680.4
164.1
330.4
373.5

120.3
704.9
177.6
412.7
358.1

143.0
784.8
216. 5
490.7
380.0

135.9
720.5
226.5
509.2
388.0

125.4
778.5
243.8
548.8
440.2

133.0
765.1
236.4
578.9
401.8

364.0
175.6
188.3

318.2
159.7
158.6

276.0
124.9
151.1

305.0
142.2
162.8

361.0
175.4
185.6

419.1
227.7
191.5

434.0
242.4
191.6

477.3
263.9
213.4

2.4
12.6
10.3
484.3
24.3
73.2
78.1

PLASTICS AND RESIN MATERIALS
Production:
Phenolic resins
w
Polyethylene and copolymers
Polypropylene
..
Polystyrene and copolymers
_
Poly vinyl chloride and copolymers

mil. lb._
do
do
do
do

il, 598.4
18, 826.4
12, 248.7
15, 059.6
14, 744.0

1

116.5
131.5
723. 7 ' 736. 7
237.1
233.7
534.3 605.3
397.2 409.7

133.9
747.5
216.3
663.7
392.8

MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly
mil.lbPalnts, varnish, and lacquer, factory shipments:
Total shipments
mil $
Trade products
do
Industrial finishes
do

2,325.7

589.2

3, 672. 3 4, 026. 6
1, 870. 5 2,079.0
1, 801. 7 1,947.6

384.6
197.5
187.1

2, 152. 6

591.1

656.5

525.7
396.2
195.6
200.6

707.2
423.6
241.9
181.6

453.2
251.2
202.0

ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and Industrial), total
mil. kw.-hr__ "1,967,632 *1, 995 ,629 162, 083 162,094 159, 648 176, 157
Electric utilities, total
By fuels
By waterpower

do
do
do

pi, 865 ,617 pi, 910 ,877 155,073 154,754 152,684 169,271 177,873 156, 811 164, 152 153, 172 157,460 172, 615 185, 928 185, 812
1,565,007 1, 610, 602 134,574 132,138 128,280 143,298 151, 780 132, 328 137, 646 128, 915 131, 761 147, 082 159, 893 161,976
300, 610 300, 275 20,499 22,616 24,404 25,973 26,093 24, 483 26, 506 24, 257 25, 699 25,533 26, 036 23, 836

Industrial establishments, total
By fuels
By waterpower

do
do
do

Pl02,015
98, 508

3,507

* 84, 752

81,417
3,335

7,010

6,776
234

7,340

7,081
259

6,964
6,701
262

6,887
6,610
277

Sales to ultimate customers, total (Edison Electric
Institute)
mil. kw.-hr.. 1,700,769 1,733,024 154,635 142, 409 140, 141 146, 913 158, 078 152, 998 147, 793 143,317 141, 819 148, 902 161,015
Commercial and industrial:
Small light and power§
do
392, 716 418, 069 38, 276 34, 655 33, 483 34,288 36,288 35, 357 34, 071 33, 507 33, 990 36, 615 40, 416
Large light and power§
do
689, 435 661, 558 57, 555 57, 512 56,923 56, 230 56,473 57,114 59, 105 58, 930 59, 452 61, 438 61,417
Railways and railroads
Residential or domestic _

•

Street and highway lighting
Other public authorities .
Interdepartmental

do
do
do
do
do

4,258

4,272
586,149

333
53, 057

••13,313

13, 907
43, 625

3,798

554, 960

40, 721

5,366

5,443

1,124

493

351
44, 430

1,201

3,772

488

338
43, 870

389
50, 442

408
59, 083

1,294

1,310
3,761
493

3,979

3,749

485

1,328
519

404
54, 549

1,201

3,887
477

379
48, 656

1,201

3,847

534

334
45, 365

1,139

3,540

501

337
42, 786

1,152

3,559
542

328
45, 261

345
53, 312

1,039

1,092
3,881
553

3,673
547

Revenue from sales to ultimate customers (Edison
Electric Institute) .
.
mil $ 39, 126. 8 46,853.5 4, 294. 4 3, 974. 4 3, 855. 3 4, 043. 9 4,349.5 4,245.5 4, 143. 9 4, 028. 7 4,044.4 4, 312. 3 4,791.3

GAS
Total utility gas, quarterly
(American Gas Association):
Customers, end of period, total
Residential
Commercial
Industrial ..
Other
Seles to customers, total
Residential.
Commercial
Industrial
Other
Revenue from sales to customers, total

thous..

44,734

45,007

44,400

45,007

45, 243

44, 735

do
do
do
do

41,034
3,446

40, 811

41,336

3,470

186
54

3,421
191
58

41, 530

196
58

41, 336
3,421
191
58

187
55

41, 163
3,341
177
54

tril. Btu_.

16, 000

14, 882

2,790

3,567

4 956

3,297

do
do
do
do

4,865
2,293

4,977
2,346
6,888
670

468
296
1,854
172

1,170
566
1,652
179

2 145
937
1,686
188

973
471
1,676
176

15,360

19, 205

3,374

5,000

7,670

5,049

2,144
884
1,822
149

3,853

1,976
764
2,091

mil. $..

8, 153
689

3,349

Residential.
do
8,441
6,899
979
Commercial
do
3,315
2, 539
435
Industrial
do
6,849
5,509
1,784
Other
do
601
413
176
r
Revised.
i Reported annual total; revisions a re not dis ributed tc) the mo nthly data.
JData are not wholly comparable on a year to year basis because ()f chang 2S from one
classification to another.
d"Data are reported on the bash> of 100 pe rcent co ntent of the




1,508
2,104
204

specifi ed material unless otherwise indicated.
able u pon request. * Preliminary.

219

J Monthly revisions back to 1973 are avail-

SURVEY OF CUKEENT BUSINESS

November 1976
1974

Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS

1975

1975

Annual

S-27

Sept.

Oct.

1976
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

15.18
13.58
13.53

15.89
14.25
13.92

16.54
15.01
14.03

16.10
14.86
13.91

Sept.

Oct.

FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES 9
Beer:
Production
_
mil. bbl._
Taxable withdrawals
_ do
Stocks end of period
_
do
Distilled spirits (total):
Production
_ _ ..mil. tax gal__
Consumption, apparent, for beverage purposes
mil. wine gal._
Taxable withdrawals
mil. tax gal__
Stocks end of period
- do
Imports
mil. proof gal__
Whisky:
Production
...
mil. tax gal__
Taxable withdrawals
do
Stocks end of period
._
do
Imports
_
mil. proof gaL-

156. 20
145. 46
12.58

160. 60
148. 64
12.74

162. 58

13.34
12.51
13.98

12.35
11.90
13.48

11.22
10.61
13.20

12.15
11.59
12.74

12.44
10.86
13.38

11.89
11.00
13.33

11.86
10.99
13.31

13.69
12.86
13.06

144. 24

11.83

18.85

16.97

16.24

13.09

12.80

15.71

14.80

13.60

16.48

8.56

10.58

417.22 i 423. 31
220. 77
229. 74
875. 75
793. 87
113.46
110. 98

32.34
20.59
802. 92
8.71

36.86
23.91
797. 38
12.72

39.55
20.72
794. 63
11.75

53.11
18.94
793. 87
12.59

30.21
17.56
787. 91
7.98

28.09
15.55
790. 63
7.27

35.67
20.85
782. 36
8.80

33.01
15. 59
779. 60
8.64

31.44
16.53
782. 23
8.66

35.20
19.80
780. 54
9.60

31.82
14.81
775. 58
7.83

17.29
769. 90
7.39

9.88

75.15
137. 04
822. 11
93.92

60.07
140. 82
737. 39
94.98

5.41
12.81
752. 70
7.13

8.82
15.78
744.94
10.83

7.87
13.22
739.59
10.01

8.06
11.19
737.39
10.70

6.45
10.10
733. 65
6.71

6.60
8.85
731. 23
6.03

8.56
12.40
727.36
7.09

9.08
8.93
727. 82
7.08

7.69
9.70
725. 85
7.10

7.41
10.88
722. 88
7.80

3.76
8.31
719. 02
6.22

4.66
9.98
713. 61
5.85

8.07

118. 67 '112.89
53.38 r 47. 12

10.08
3.98

11.38
4.96

9.71
4.48

9.51
3.58

7.29
2.87

7.60
3.31

10.36
4.41

7.83
2.84

8.62
3.56

10.20
3.73

7.66
2.87

9.07
3.30

1.26
.95
8.54
.13

1.89
1.32
9.03
.19

1.39
1.05
9.29
.20

1.34
1.35
9.33
.20

1.72
1.55
9.40
.20

1.70
1.13
9.79
.13

2.20
1.11
10.85
.13

.17

9.26
7.56
30.39
21.46
414. 11 388. 19
5.18
3.31

8.98
23.31
370.04
4.61

8.88
24.96
350. 70
4.46

7.96
26.12
325. 70
5.01

7.42
19.51
307. 92
4.51

14.33
23.38
289. 41
4.70

4.46

1

Rectifled spirits and wines, production, total
mil. proof gal. _
Whisky
do
Wines and distilling materials:
Effervescent wines:
Production
mil. wine gal..
Taxable withdrawals
__ _ _ do
Stocks end of period _
do
Imports
do_ _
Still wines:
Production
do
Taxable withdrawals..
_
do
Stocks, end of period.do
Imports
do

18.84
18.03
8.12
1.80

19.37
18.46
7.91
1.93

1.58
1.42
10.52
.14

1.84
2.85
9.42
.22

2.00
2.61
8.75
.30

2.05
2.61
7.91
.35

1.57
1.12
8.30
.18

401.45
280. 04
451. 59
2 49. 58

384. 72
300. 21
451. 77
47.39

62.87
24.32
319. 58
3.44

162.20
29.97
440. 94
3.91

70.10
26.66
473. 10
5.28

21.41
27.86
451. 77
5.34

9.04
24.13
429. 85
4.68

Distilling materials produced at wineries. ..do

354. 30

338. 20

80.01

143. 25

38.40

24.37

9.74

7.33

6.41

5.14

5.30

2.32

4.15

18.09

961.7
49.2
.674

980.5
10.9
.818

57.5
39.6
.900

68.3
27.1
.950

63.9
15.1
1.042

84.0
10.9
1.095

94.3
9.3
.878

85.4
16.5
.824

89.3
31.2
.881

87.6
44.5
.918

94.0
69.1
.921

84.0
80.9
.974

72.4
83.0
1.084

66.0
84.0
1.082

63.4
68.2
.975

__mil. lb__ 2,937.4
1,858.6
do

2,811.2
1,654.5

214.8
116.5

220.2
120.0

208.7
115.5

242.0
134.8

249.0
149.3

241.2
149.7

275.0
165.8

297.0
187.2

313.6
204.1

320.0
207.3

296.6
189.0

284.0
177.1

267.5
157.2

DAIRY PRODUCTS
Butter, creamery:
Production (factory) t
Stocks cold storage, end of period
Price, wholesale, 92-score (N.Y.)
Cheese:
Production (factory), total}: .
_
American, whole milk}:
_.

mil. lb_.
do. _
$ per lb__

.934

494.0
367.8
367.8
362.4
Stocks, cold storage, end of period
do
371.1 393.0 435.7
388.3
379.2
480.6
421.2
511.3 ' 518. 1 521.2
365.9
307.0
333.8
420.8
307.0
303.2
312.6
American, whole milk
_ do_
328.6
321.2
375.7
417.3
444.5 ' 459 4
305.9
455. 4
359. 9
12.0
28.8
315. 6
11.9
15.5
Imports _
_ _ _ _ _ _
do
179.5
19.7
11.7
14.4
31.3
10.1
17.2
15.2
15.9
15.4
Price, wholesale, American, single daisies (Chi1.182
1.166
.973
1.192
1.138
1.044
1.146
cago)
$ per lb__
1.164
1.169
1.153
1.082
1.183
1.119
1.200
1.258
1.142
Condensed and evaporated milk:
1,035.2
76.2
80.3
94.9
89.5
Production case goodscf t
mil. Ib
953.8
67.9
97.7
86.6
87.6
66.4
65.7
73.3
71.0
76.0
Stocks, manufacturers',
case goods, end of month
79.2
58.6
44.5
or yearo71
mil. Ib
57.4
58.6
70.9
76.8
104.3
125.9
141.6
49.6
128.4
63.9
96.6
136.3
Exports:
2
.1
.1
.1
.2
1.6
.1
.6
Condensed (sweetened)
._
do
1.8
.6
.4
.5
.3
.3
4.4
4.9
3.4
4.4
4.2
4.2
40.7
51.6
Evaporated (unsweetened)
do
3.7
5.1
5.4
4.4
3.2
3! 9
4.2
Fluid milk:
9,173 8,823 9,284
115,553 115,458
9,545
9,652
Production on farms t
-do
9,068
9,248 10, 250 10, 450 11,184 10, 865 10, 448 10, 132
9,685
59,857 59, 219
4,665
4,975
6,085
5,714
Utilization in rnfd. dairy products!
do___
4,265 4,315
4,868
3,938
6,176
5,719
4,830 5,495
5,351
9.70
10.30
10.20
8.33
8.75
9.72
Price, wholesale, U.S. average}:
$ per 100 lb._
9.37
9.23
9.25
'9.87
9.79
9.41
10.00
9.11
9.75
p 10.00
Dry milk:
Production:
5.3
67.7
7.4
63.1
Dry whole milkj.
_ _
_
mil. Ib
7.0
6.5
9.8
4.2
7.4
6.2
6.7
5.4
6.5
7.0
8.0
45.5
67.0
Nonfat dry milk (human food)}:
do
1,019. 9
78.4
66.8
104.9
994.0
87.6
61.2
71.1
50.1
49.5
94.7
75.2
108.9
Stocks, manufacturers', end of period:
4.4
6.4
Dry whole milk
do
7.4
10.4
5.6
5.6
8.7
9.1
6.2
11.0
3.6
11.0
11.7
10.6
11.7
36.0
134.6
Nonfat dry milk (human food)
do
47.1
47.1
96.9
43.3
55.5
73.8
48.6
104.2
49.8
119.4
36.9
116.4
120.1
Exports:
3.6
45.2
2.2
2.6
35.5
4.4
4.0
Dry whole milk
_
_ do
2.9
1.9
2.8
3.2
2.2
2.4
3.1
2.7
.2
.1
.2
.2
2.9
Nonfat dry milk (human food) __ _ __ do
.2
6.7
90.6
.9
.6
.5
.2
.2
.3
1.2
Price, manufacturers' average selling, nonfat dry
.689
.586
.628
milk (human food)
$ per lb_.
.633
.659
.635
.631
.646
.705
.636
.643
.705
.628
.628
.630
GRAIN AND GRAIN PRODUCTS
264.6
246.2
254.2
231.9
231.8
Exports (barley, corn, oats, rye, wheat)
mil. bu__ 2, 220. 3 2, 528. 4
209.3
205.5
234.3
210.7
230.8
245.0
289.2
233.6
Barley:
Production (crop estimate)._
do
3 304. 1 3 383. 0
• 355. 2
228.0
Stocks (domestic), end of period. _
_. do
184.6
275.5
'67127.8
275.5
342.3
350.7
125.2
O n farms. _ _ _ _ _ _
do
162.0
162.0
« 7 63. 1
98.3
215.3
198.1
Off farms.
do
86.4
' 6 7 64.7
102.7
127.0
113.5
113.5
152 6
3.3
Exports, including malt§
_ do_
1.4
1.1
2.2
1.4
4.7
56.7
5.0
.4
31.8
.3
6.7
3.4
1.5
3.5
Prices, wholesale (Minneapolis):
3.71
No. 2, malting
$ per bu._
3.42
3.04
3.53
3.00
3.03
3.22
3.80
2.94
3.81
2.96
3.08
3.09
3.40
3.37
3.17
3.57
2.94
No. 3, straight _ _
do
3.26
2.97
3.40
2.98
3.05
3.60
2.78
3.67
3.05
2.78
3.18
3.29
3.10
3.36
Corn:
Production (crop estimate, grain only) mil. bu 34,663.6 35,767.0
86,063.5
2,811.8
Stocks (domestic), end of period, total
do
'71,853.0
4, 431. 3
3, 620. 7 4,431.3 * 359. 4
* 399. 3
On farms
_ __
do
1, 899. 4
71,276.7
3, 162. 0
2, 540. 7 3, 162. 0 *191.3
* 229. 9
Off farms
do
912.4
'7576.3
1, 269. 4
1, 080. 0 1, 269. 4 < 168. 2
* 169. 4
Exports, including meal and
flour
do
75.3 "mo" "165." 6~ 153.1 "i37."9~ "l36.~8" 129.4 "I64~6~ 153.4
1, 180. 8 1,321.8
138.6
160.0
121.3
110.1
Prices, wholesale:
2.69
No. 3. yellow (Chicago)
_ _ $ per bu
2.76
2.66
3.22
2.74
2. 92
2.63
2.97
Weighted avg., selected markets, all grades
2.73
2.58
2.63
3.14
2.70
do
2.57
2.80
2.95
2.66
2.88
2.63
2.71
3.46
2.94
2.87
2.79
Oats:
Production (crop estimate)
mil. bu._ 3 613. 8 3656.9
« 564. 0
Stocks (domestic), end of period, total. _. do
506.6
'67207.9
322.0
501.1
626.8
501.1
542.8
On farms
_ _
do
251.9
67161.6
384.1
496.1
407.0
407.0
430.5
Off farms. _
do
'6746.3
122.5
94.1
94.1
130.8
70.1
112.3
Exports, including oatmeal.
do
2.8
.1
2.9
.6
30.0
1.9
2.5
.3
.4
15.5
1.8
2.3
.4
.3
1.9
Price, wholesale, No. 2, white (Minneapolis)
1.59
1.67
$ per b u _ _
1.66
1.62
1.68
1.71
1.67
1.63
1.67
1.65 ! 1.62
1.67
1.92
1.68
1.75
1.86
r
Revised.
r> Preliminary.
i Includes Hawai i, not av£lilable on a montr ly basis as
7 S t C cks as o f June 1.
o*CCondense d milk ncluded
8 N c>v. 1 esti mate of 1976 cro p.
well as unpublished monthly revisions.
2 Annujil total re fleets revi sions not distribu ted
with e vaporate d to avoi d disclos ng opera tions of i ndividua 1 firms.
§ExclLides pear 1 barley,
4
to the months.
3 Crop estimate for the year,
Previous year's crop; ne w crop not
JRevised memthly diita back
9Sc attered i•nonthly revisions back to 1973 are available .
5
reported until Oct. (beginning of new crop year).
Less tr an 50 tho usand pcmnds.
to 197 3 are ava liable. "
« Previous year's crop; new crop not reported unti1 June (beginning o f crop ye£IT).




STJEVEY OF CURRENT BUSINESS

S-28
Unless otherwise stated in footnotes below, data
through 1974 and descriptire notes are as shown
In the 1975 edition of BUSINESS STATISTICS

1974

1975

1975

Annual

November 1976

Sept.

Oct.

1976

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

FOOD AND KINDRED PRODUCTS; TOBACCO— Continued
GRAIN AND GRAIN PRODUCTS—Con.
Rice:
Production (crop estimate)
mil. bags 9-California mills:
Receipts, domestic, rough
..mil. lb_.
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of period
mil. lb_.
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers
mil. lb_.
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of period
mil. lb..
Exports
do
Price, wholesale, No. 2, medium grain (Southwest Louisiana)
$perlb_.

Rye:
Production (crop estimate)...
mil. bu_.
Stocks (domestic), end of period
do
Price, wholesale, No. 2 (Minneapolis)..$ per bu_.
Wheat:
Production (crop estimate), total
Spring wheat
Winter wheat
Distribution, quarterly cT
Stocks (domestic), end of period, total
On farms
Off farms
Exports, total, including
Whoat only

flour..

mil. bu_.
do
do
do
do...
_do
do...
do.
do..

Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bii..
No. 2, hd. and dk. hd. winter (Kans. City).do
Weighted avg., selected markets, all grades
$ perbu..
Wheat flour:
Production:
Flour
thous. sacks (100 lb.)..
Offal
thous. sh. tons..
Orindings of wheat
thous. bu_.
Stocks held by mills, end of period
thous. sacks (100 lb.)_.
Exports
do
Prices, wholesale:
Spring, standard patent (Minneapolis)
$ per 100 lb..
Winter, hard, 95% patent (Kans. City)..do

5 112. 4

1 112. 4

i 127. 6

1 925
1 359

2,346
1,705

85
63

377
121

201
119

112
155

135

138

40

192

212

7 047
4 816

8,461
5,312

2,462
411

1,548
512

1 788
3 801

2,150
4,711

1,804
164

.252

.190

i 19.3
12 0
2.99

i 17.9
9.5
2.78

1 1 796 i 2, 134
1483
1406
1 1 390 i 1, 651
1,860
1 620
1 107 5
446.4
661 2

102
87

130
48

147
144

225
84

305
179

194
147

316
329

247
207

138

116

162

118

197

233

215

106

63

644
411

368
428

378
382

358
407

489
378

641
515

310
450

107
405

168
384

859
360

2,440
502

2,313
306

2,343
249

2,150
397

2 010
340

1,868
275

1,807
299

1,771
264

1,241
384

858
348

602
725

801
397

1,967
320

.168

.168

.170

.178

.155

.155

.135

.130

.155

.155

.155

.135

.125

15.7
3.08

2.98

2.83

9.5
2.72

2.76

2.84

6.0
2.89

2.85

3.28

3.21

2.96

15.4
2.84

.130
«17.4

34

4. 5
2.95

2.71
5 2,5 127
584
5 1,542

2674

508

448

1,384.5 1,891.1
762.1
546.5
838.0 1,129.0

1,384. 5
546.5
838.0

935.5
341.4
594 1

2629

r 2 272
r3 4
3

2 162.7
831.8
1 330.9

664 2
< 234.5
rs 4 429 7

944 0
919 4

1, 158. 2
1, 134. 5

127.2
125.5

125.3
123.6

119.2
117.8

93.6
92.3

92.6
91 6

73.3
72.4

77.6
76.4

79.5
76.8

71.9
67.8

71.7
66.7

88.4
85.4

117.9
113.0

115.6
109.9

5.24
4.74

4.60
3.96

4.99
4.36

4.81
4.29

4.57
3.92

4.32
3.79

4.34
3.81

4.57
4.08

4.58
4.01

4.38
3.74

4.53
3.76

4.57
3.85

4.28
3.69

3.79
3.24

3.42
3.03

3.27
2.80

5.53

4.84

5.01

5.10

4.64

4.29

4.35

4.51

4.49

4.21

4.28

4.29

••4.06

' 3.66

-3.33

3.17

242, 157
4 323
542 904

247, 080
4,485
555, 891

22,681
409
51,162

24,129
432
54,067

20, 113
360
45, 241

20,532
368
46,000

21,034
374
47,204

19, 891
352
44, 674

21,771
385
48,845

21,113
370
47, 192

20,871
369
48,979

21,059
379
47, 645

21,751
396
49,272

24,257
M38
54,634

23, 168
417
52, 190

4 499
10 563

3,907
10, 178

4,140
753

735

588

3,907
555

423

379

4,510
525

1,149

1,789

3,923
2,184

1,294

2,083

3, 621
2.449

11.887
11 059

10. 552
9.365

11.238
10. 213

11.163
10.113

10. 675
9.650

10. 150
8.988

10. 150
8.963

10. 213
9.350

10.713
9.563

10.250
9.063

10. 075
8.713

10. 350
8.838

10.288

9.438
8.075

8.500
7.613

2 355
33 319

3 894
36 904

385
3,319

443
3,584

357
3,116

381
3,267

369
3,403

327
3,032

415
3,492

353
3,053

304
2,980

340
3,294

346
3,220

373
3,388

408
3,435

41.89
36.49

44.61
33.42

48.91
35.98

47.90
36.74

45.23
36.77

45.01
36.87

41.18
36.66

38.80
36.95

36.14
38.82

43.12
43.49

40.62
42.38

40.52
40.24

37.92
37.58

37.02
37.55

36.97
34.03

77 071

64, 926

5,217

5,379

5,085

5,508

5,400

4,873

6,325

5,827

5,086

5,146

4,907

5,968

6,363

34.75

48.30

61.19

58.76

49.78

48.36

48.23

48.92

46.76

48.06

48.96

50.91

46.62

42.77

38.47

31.80

12.2

17.0

21.2

22.3

21.1

20.0

19.5

19.3

18.2

19.1

18.2

17.9

16.9

16.1

15.3

14.1

r
r

8.375
7.375

LIVESTOCK
Cattle and calves:
Slaughter (federally Inspected):
Calves
thous. animals..
Cattle
do
Prices, wholesale:
Beef steers (Omaha)
$per!00lb..
Steers, stocker and feeder (Kansas City)__do
Hogs:
Slaughter (federally Inspected).__thous. animals..
Prices:
Wholesale, average, all grades (Sioux City)
$per lOOlb..
Hog-corn price ratio (bu. of corn equal In value
to 100 lb. live hog)
Sheep and lambs:
Slaughter (federally Inspected).__thous. animals..
Price, wholesale, lambs, average (Omaha)
$per!001b..

8 556

7,552

758

701

515

584

582

513

570

561

429

502

525

563

622

39.76

44.42

44.12

44.00

45.00

48.13

49.33

47.75

51.25

60.75

63.88

50.50

45.75

38.88

40.00

36 329

34,583

2,942

3,164

2,846

3,011

3,128

2,780

3,399

3,009

2,841

3,044

2,955

3,255

3,357

803
714
1 634

675
864
1,694

518
73
157

571
76
135

668
79
168

675
82
112

672
85
175

677
93
117

727
114
173

752
99
158

765
119
170

727
109
187

675
90
159

620
112
151

652
110
178

21 221
415
53
1 191

22, 119
360
46
1,304

1,940
262
2
126

2,126
281
5
99

1,842
330
7
133

1,922
360
7
79

2,072
362
7
132

1,848
372
6
88

2,193
404
7
138

1,898
411
6
125

1,868
416
6
136

2,054
414
8
149

2,014
402
7
121

2,124
r
381
6
123

2,156
397
7
150

.691

.754

.824

.791

.764

.757

.700

.651

.603

.693

.667

.656

.612

.606

.609

440
14

386
12

38
11

36
11

27
12

31
12

32
11

28
11

32
9

30
10

22
11

26
12

27
14

29
15

33
17

37.88
36.07

39.75

MEATS
Total meats:
Production (carcass weight, leaf lard in), Inspected
slaughter t
mil. lb_.
Stocks (excluding lard), cold storage, end of
period
mil. lb..
Exports (meat and meat preparations)
do
Imports (meat and meat preparations)
do
Beef and veal:
Production, inspected slaughter^
do
Stocks, cold storage, end of period
do
Exports
do
Imports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (East Coast)
$perlb_.
Lamb and mutton:
Production, inspected slaughter. _
Stocks, cold storage, end of period

mil. lb..
do

Pork (including lard), production, inspected
977
1,002
12, 077
slaughter
mil. Ib._ 14,668
14, 668
963
r
2
3
Revised.
i Crop estimate for the year.
See " cf" note, this page.
Stocks as of
June 1.
* Previous year's crop; new crop not reported until June (beginning of new crop
year). «Nov. 1 estimate of 1976 crop.
9 Bags of 100 Ibs.
JScattered monthly revisions




r

.619

914
1,102
1,024
1,174
1,080
951
964
1,168
1,058
903
back to 1973 are available upon request.
cf Data are quarterly except that beginning 1975,
June figures cover Apr.-May and Sept. covers June-Sept.

SUKVEY OF CUKRENT BUSINESS

November 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

1974

S-29

1975

1975

Annual

Sept.

1976

Nov.

Oct.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
MEATS— Continued
Pork (excluding lard):
Production inspected slaughter . _
mil. Ib
Stocks, cold storage, end of period
do
Exports
- do
Imports
do
Prices, wholesale:
Hams, smoked composite
$per lb_Fresh loins, 8-14 Ib. average (New York) ..do
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil. lb__
Stocks, cold storage (frozen), end of period, total
mil. lbTurkeys
„ _ - _ _ _
do
Price, in Georgia producing area, live broilers
$per lb_.
Eggs:
Production on farmst--.
_
mil. casesO
Stocks, cold storage, end of period:
Shell
thous. casesO
Frozen. _ _ _ _ _ _
__
mil. lb_
Price, wholesale, large (delivered; Chicago)
$ per doz_-

12, 856
307
104
362

10, 733

249
207
327

861
190
19
26

896
222
17
30

864
269
19
28

943
249
22
27

906
236
17
36

811
222
27
23

1 049

248
38
28

963
267
22
27

842
270
36
27

860
236
23
28

814
195
20
30

2.678
.786

.882
.993

.974
1.174

1.103
1.177

1.000
1.134

1.109
1.016

.905
1.069

.840
1.028

.861
.986

.846
.980

.891
1.057

.885
1.106

.843
1.109

10, 706

10, 434

978

1,067

834

914

857

758

912

897

910

1,077

1,045

314
195

542
410

600
472

406
286

314
195

300
187

269
160

250
140

236
115

235
120

305
178

404
262

621
370

456
275

r

982

1 042

170

23
21

184
26
21

.797
.972

.775
.952

1,115

.736
.843

1,125

608
467

.211

.269

.300

.290

.280

.250

.240

.255

.255

.240

.250

.245

.265

.255

.240

183.6

178.8

14.6

15.1

14.8

15.2

15.3

14 4

15.4

14 g

15 1

14 6

15.0

14.9

14.5

36
54

22
36

72
51

55
47

40
42

22
36

13
32

21
29

26
29

26
29

22
29

25
30

68
32

66
31

71
28

.598

.594

.633

.591

.668

.738

.709

.642

.595

.586

607

.609

.654

.706

.728

221 1
.982

233 0
.759

17.4
.775

21.5
.775

18.6
.685

33.0
.760

33.9
.735

16.4
.755

28.8
.740

22.4
.883

21.4
.935

19.5
1.075

16.3
1.035

20.9
1.146

19.6
1.313

3 003
18 569

3 556
18 551

3,851
4 743

19,248
2,725
.702
2,771

20, 289
3,748
1.678
2,830

2,533
543

1,784
123

1,587
141

1,299
195

1,664
294

1,744
146

2,311
176

1,636
183

300

316

251

241

259

956
85
1.520

270

277

314

335

351

356

333

309

164

789

1,138

1,263

862

916

767

.210

MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Price, wholesale, Accra (New York)

$ per lb._

Coffee (green):
Inventories (roasters', Importers', dealers'), end

Imports, total
do
From Brazil
do
Price, wholesale, Santos, No. 4 (N.Y.)~$ per lb._
Confectionery, manufacturers' sales
mil. $._
Fish:
Stocks, cold storage, end of period t

..mil. lb_.

Sugar (United States):
Deliveries and supply (raw basis) :J
Production and receipts:

jqq

A Aon

6 895

1 I cr»

Deliveries, total 9
For domestic consumption
Exports, raw and refined
Imports:
Raw sugar, total 9From the Philippines
Refined sugar, total

Tea imports

3,604
5,612

3,670
5,007
1,864
272

1,909
449

1,637
207

238

1,546
159
.935
196

192

157

234

308

294

290

301

330

r 344

481

321

249

206

125

88

117

363

(K\

(°)

883

.do
.do

11, 273
11,237
2 800

10, 133
9,974
2 712

909
1,415

759
2,088

869
2,712

778

930
958

760
3,171

774
3,201

980
970
2,933

881
876
2,778

928
927
2,569

993
2,314

986
1,038
1,034
978
2,038 ' 1, 689

sh tons

62, 734

205, 989

27, 250

20,814

9,707

8,789

5,972

7,860

6,797

3,628

2,610

6,706

9,102

2,680

3,067

201

225

220

253

382

443

0

148

24
47

V)

17

83
5

97
19

571

28
qo

30
5

416

320

2
24

288

118
qq

21
61

287

415

596
75

4.39

1,414
(4)

$ per lb_.

.289

.229

.175

.152

.155

.156

.154

.150

.164

.156

.167

.144

.150

.119

.095

.112

$ per 5 lb__
$perlb_.

i sen
.320

.311

1 611
.232

1 574
.205

1 419
.207

1 383
.194

1 347
.209

1 352
.203

1 317
.221

1 336
.210

1 325
.222

1 343
.197

1 246
.204

1 319
.171

1 165
.152

.172

159 287

12, 404

17, 594

13, 940

11,843

11,842

12, 309

15,779

15, 805

13,053

13,893

14, 259

15,051

19, 224

q AC7 q
194. 7

331 2
93.0

402 8
100 2

337 1
105 6

332 3
124 7

331 2
114 5

307 6
119 7

349 2
110 4

327 6
123 5

310 7
128 1

324 0
119 9

316 1
123.2

3 947 2

310.4
73 3

368 7
89 1

326 2
104 5

324 5
90 8

341 9
87 0

328 7
104 4

392 2
99 8

356 7
114 5

381 1
116 6

384.7
105 3

367.8 f•• 375. 4
95 5
106.4

357.8
90.6

9 °.QQ 3

216 6
58 6

212 8
60 2

219 7
64 8

241 6
60 1

265 1
66 9

259 6
82 1

225 8
101 1

198 8
70 2

190 5
71 4

199.8
70 8

197.4
73.6

'r 195. 1
80.0

200.2
72.3

.525

.503

.490

.490

.490

.448

.436

.431

.431

.431

.431

.437

.455

.455

c-iq c

qc 9
AQ A.

At)

Art n

K7 9

45 3

43 1
49 6
38 1

41 6
50 3
43 0

51 3
56 0
44 6

44 3
50 1
45 8

41 5
49 2
41.2

44 6
50 6
45.8

48 0
51 3
51.9

••42
7
r
55 9
••51.0

47 6
59.8
59.6

.

thous. sh. tons__
__.
do
do ...

Prices (New York):
Raw, wholesale
Refined:
Retail (incl. N.E. New Jersey)
Wholesale (excl. excise tax)..

1 cq
/5\

5

3,556
4,626

1.325

thous Ib

3 178, 326

936

769

^

93

994

49

P 1,218

185
g

FATS. OILS, AND RELATED PRODUCTS
Baking or frying fats (incl. shortening):
Production*
mil Ib
3 709 8
Stocks, end of period©
do
134 1
Salad or cooking oils:
Productiont
do
4 110 7
Stocks, end of period©
do
96 5
Margarine:
Production _
do
9 397 7
CA q
Stocks, end of period©
do
Price, wholesale (colored; mfr. to wholesaler or
large retailer; delivered)
$ per lb_.
.512
Anlmal and fish fats:
Tallow, edible:
Production (Quantities rendered)
mil Ib
Consumption in end products
do
Stocks, end of period 1
do
Tallow and grease (except wool), inedible:
Production (quantities rendered)
do
Consumption in end products!
do
Stocks, end of period f
.
do

C7c o

QO 8

33 4

37 8

23 9

24 5

37 7
43 2
33 4

5 526 6

4 655 4

363 9

397 3

350 5

424 5

977 1

998 9

9J.Q 4.

CCK fl

1

97fi fi
308. 0
283.2
288.1
380. 3
' ReYised.
P Preliminary.
1 Average for Jan. and Feb. 4 * Average for 7 mos.
(June-Dec.).
3 Reflects revisions not available by months.
Less than 500 sh. tons.
* Series discontinued.
O Cases of 30 dozen.
d"Bags of 132.276 Ib.
§Monthly data reflect cumulative revisions




37 8

r
r

336 9
122. 8

345.0
122.3

.455

554.2
481.7 ' 489. 5
469.9
463.1
439 8
289 5
269 0 '286 9
307 9
303 6
271 0
276.6
282.2
soae 324.0 328.7 317.2 328.1 ' 341. 2 363.6
for prior periods.
9Includes data not shown separately: see also note "§".
©Producers' and warehouse stocks.
1 Factory and warehouse stocks.
J Monthly revisions
for 1974 are available.
442 5
259 4
275! 1

410 2

9^7 9

455 5
280 1

SURVEY OF CURRENT BUSINESS

S-30
1974

Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS

November 1976

1975

1975

Annual

Sept.

1976

Nov.

Oct.

Jan.

Dec.

Mar.

Feb.

May

Apr.

June

July

Aug.

Sept.

Oct.

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS. AND RELATED
PRODUCTS— Continued
Vegetable oils and related products:
Coconut oil:
Production, refined
Consumptlon in end products.
Stocks, refined, end of period^
Imports
_

mil. lb_.
._ _ .do
_ . do
do

540.1
726.0
26.6
542.3

716.2
865.3
26.7
869.1

66.1
81.1
28.6
76.3

77.0
87.8
36.3
101.6

68.4
78.5
35.1
178.5

68.2
76.8
26.7
80.4

70.9
80.3
36.6
100.7

63.7
78.4
39.0
142.9

79.6
88.1
34.2
64.5

73.9
83.3
32.0
93.2

76.0
84.9
39.8
95.1

73.8
90.3
33.0
66.7

79.3
80.2
38 5
102.1

63.3
82.6
32.1
110.4

73.6
80.7
36.0
111.3

Corn oil:
Production: Crude
do. _.
Refined
_
do
Consumption in end products _ _ _ _ do
Stocks, crude and ref., end of period H
do

518.3
500.7
473.0
52.6

458.8
496.6
475.6
39.5

40.3
40.4
42.6
52.4

39.8
51.1
47.8
48.4

40.3
46.4
41.0
43.3

35.4
44.5
40.7
39.5

43.1
44.7
44.0
46.5

39.3
43.9
39.1
51.3

41.4
41.1
39.3
55.2

41.7
40.6
39.0
64.8

42.8
48.5
43.0
80.9

42.0
49.6
41.3
84.4

40.2
51.5
46.2
78.7

••47.3
55.1
50.9
'51.8

41.6
49.2
47.4
40.6

1,512.7 1,215.0
1, 262. 7 1,112.7
832.4
660.7

56.1
73.1
46.7

76.3
53.6
51.0

101.0
75.5
50.0

103.2
97.1
53.6

118.1
99.6
45.0

111.2
89.6
48.3

100.2
91.6
52.1

78.0
76.2
48.3

67.3
70.9
43.3

56.1
60.4
58.0

40.3
52 7
39.3

38.0
48.5
51.2

26.8
33.6
45.0

Cottonseed oilProduction' Crude
Refined
Consumption in end products

__do__
do
do

177.4
606.1
.410

160.3
656.5
.322

136.1
28.9
.343

125.6
21.3
.323

153.1
46.7
.293

160.3
36.7
.278

179.7
76.2
.298

192.1
49.3
.318

217.1
51.8
.323

198.1
42.8
.298

204.0
65.6
.263

153.6
47.9
.273

157.5
23.7
.325

135.9
24.4
.288

104.5
13.4
.318

8, 704. 9
6,811.5
7, 039. 0

7, 861. 7
6, 422. 9
6, 830. 3

599.8
538.3
604.8

783.9
666.9
672.0

776.7
617.3
609.2

846.7
605.0
624.4

807.4
611.9
658.0

757.6
558.7
617.6

852.4
646.5
687.3

846.1
606.6
623.4

869.8
624.2
625.9

813.9
627.1
634.6

788.7
584.7
626.8

'720.5
607.9
' 635. 1

765.9
569.9
622.8

673.6
Stocks, crude and ref. end of period If do
1,606.7
Exports (crude and refined)
do
.366
Price, wholesale (refined; N.Y.)
$ per l b _ .

799.9
758.0
.286

560.5
13.5
.285

568.0
43.8
.266

657.7
78.9
.243

799.9
40.4
.226

844.8
32.6
.222

913.2
120.2
.220

946.1
89.6
.224

1,060.9
55.5
.219

1,108.6
160.9
.213

1,274.5
74.4
.228

1,229.9 '1,294.6 1, 254. 2
41.8
151.5
77.6
.274
.247
.284

93, 233
28, 373

51,972
32, 314

4,568
47, 077
27,338

43, 316
22,634

29, 694
33, 263

4 166
25,964
24, 245

23, 875
21, 193

34, 678
30, 786

4,608
48.164
25, 198

6,009
51,921

6,297
51, 025

6,402
58,806

5,865
49, 615

5,302
50, 352

6,243
58, 362

4,552
44, 022

6,027
54, 121

6,324
52, 365

4,910

5,088

5,212

5,033

4,284

4,703

5,304

42 391

45 309

51 518

43 076

43 982

45 232

161

159

44 874

2,073

2,016

Stocks, crude and ref., end of period 1f._ do
Exports (crude and refined)
do
Price, wholesale (N.Y.)
$ per l b _ _
Soybean oil:
Production: Crude.-. _
_
Refined
Consumption In end products

mil. Ib
do
do

.283

.254

TOBACCO
Leaf:
Production (crop estimate)
mil Ib
Stocks, dealers' and manufacturers', end of period
mil Ib
Exports, Incl scrap and stems
thous Ib
Imports Incl scrap and sterns
do
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
Taxable
Cigars (large) , taxable .
Exports, cigarettes

1

2

1 990

1

«2 071.0

2 182

4 461
651, 415
299,946

4 738
563, 005
320, 318

4 312
44, 862
25, 229

59, 272
576, 175
5,016
46, 901

62, 278
588, 345
4,475
49, 895

5,632
52, 750

millions
do
do
do

389
4,104

52, 676
21, 888

73,908
28, 403

4 738
62, 858
18 168

6,383
58, 923

5,293
48, Oil

5,424
42. 678

5,371

4,165

448

348

286

319

4 559

3,906

288

6,350

363

337

342

376

315

e

356

354

LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value total 9
thous $
Calf and kip skins
thous skins
Cattle hides
thous hides

339 062
2 163
18 428

296 279
2 403
21 269

25 782

77 500
15 732

$ per Ib
do

.644
.231

LEATHER
Production:
Calf and whole kip
thous. skins
Cattle hide and side kip - thous hides and kips
Goat and kid
thous. skins
Sheep and lamb ..
do

16 824

Imports:
Value, total 9 .
Sheep and lamb skins
Goat and kid skins

thous $
thous pieces
do

Prices, wholesale, f.o.b. shipping point:
Calfskins, packer, heavy, 9H/15 Ib .
Hides, steer, heavy, native, over fi3 Ib

Exports:
Upper and lining leather .

thous sq ft

Prices, wholesale, f.o.b. tannery:
Sole, bends, light
index, 1967=100..
Upper, chrome calf, B and C grades
index, 1967=100

24 921

28 968

28 115

34 804

1 658

2,407

2 386

2,075

2,030

6 000

6 000

11,700
2 973

8,600
2 216

6,600
-1 289

11,400
2 366

7,900
1,494

8,200
1,336

1,414

.550
.298

.300

.800
.349

.800
.390

.800
.348

.800
.363

.800
.373

.900
.383

14 517

17 367

18, 157

19 449

21 149

18, 795

14, 028

12, 074

18, 343

182.6

182.6

182.6

189.8

194.1

207.1

199.9

199.9

34609

35 015

38970

37981

44361

41 575

40748

39,118

31,034

36,809

27 490
6 166

30 113
3 970

32 895
5 112

31 416
5 516

36 518
6 527

33 688
6 338
1 080

32 289
7 120

31 586
6,247

26,317
3,919

29, 025
6,712

469

875
464

952
333

587
211

786
286

1 678

1 965

1 753

78 100
15 520

7 000
1 372

7 900
1 311

9 000
1 145

6 500

32

849
123

'.350
.234

.258

350
.280

.350
.308

.450
.263

.550
.315

184 104

14 714

17 131

16 737

12 909

158.8

« 151. 1

163.9

166.8

182.6

452 955

413 080

37 695

42 435

355 147
85 *502
9 890
2 416

331 232
70 536
7 917
3 392

29 985
6 612

33 107
8 275

3 993

2 4 332

349

155 1

165 0

144.0
127.8

151.8
6 133. 5

106

350

54

133

2 172

1 714

879

122

2,002

195

929
116

959
137

201

262

212

247

209

284

583

28 296

151

197

193

125

69

126

73

41

121
.900
.318

13 889
148 565

2

207.1 ' 211. 4

207.1

LEATHER MANUFACTURES
Shoes and slippers:
Production, total _
thous pairs
Shoes, sandals, and play shoes, except athletic
thous pairs
Slippers
do
Athletic
do
Other footwear
do
Exports

_

.

do

Prices, wholesale f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt
-index, 1967=100
Women's oxfords, elk side upper, Goodyear
welt
index, 1967=100..
Women's pumps, low-medium quality do

691
262

701
231

450

375

369

369

451

587

640

521

436

524

560

411

168 1

168 1

168 1

168.1

170.5

173.6

175.9

177.1

177.1

179.4

179.4

179.4

184.1

184.1

154.3

154.3

154.3

154.3
135.9

156.8
135.9

156.8
135.9

160.0
135.9

161.3
138.8

161.3
138.8

163.0
138.8

163.0
138.8

165.5
138.8

166.8
145.2

166.8
145.2

672
423

723
330

' Revised.
1 Crop estimate for the year.
* Annual total reflects revisions not distributed to the monthly data.
8
Average for Jan.-May and July-Dec.
« Jan.-June and Aug.-Dec.
»Jan., Feb., and
Dec.
8 Nov. 1 estimate of 1976 crop.




735
228

804
245

936
380

9 Includes data for items not shown separately.
c
Corrected.

Factory and warehouse stocks.

SURVEY OF CURRENT BUSINESS

November 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS

1974

1975

1976

1975

Sept.

Annual

S-31

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

LUMBER AND PRODUCTS
LUMBER— ALL TYPES 9
National Forest Products Association:
Production, total
mil bd ft
Hardwoods
do
Softwoods
do

i 34,463
6,904
27,559

131,491
5,524
25,967

2,986
489
2,497

3,147
511
2,636

2,530
498
2,032

2,500
446
2,054

2,821
451
2,370

2,804
513
2,291

3,144
512
2,632

3,209
544
2,665

2,960
559
2,401

2,949
542
2,407

2,963
509
2,454

3,265
568
2,697

i 33,811
6,583
27, 228

i 31, 668
5,461
26, 207

3,061
510
2,551

3,097
516
2,581

2,689
514
2,175

2,647
433
2,214

2,762
463
2,299

2,790
521
2,269

3,107
521
2,586

3,155
556
2,599

2,944
571
2,373

3,150
536
2,614

3,122
497
2,625

3,234
570
2,664

do
do
do

5,109
780
4,329

4,932
843
4,089

5,090
849
4,241

5,140
844
4,296

4,982 •• 4, 932
843
829
4,153 r 4, 089

4,894
831
4,063

4,926
823
4,103

4,963
814
4,149

5,016
801
4,215

5,123
789
4,334

4,922
795
4,127

4,763
807
3,956

4,794
805
3,989

do
do

1,668
7,249

1,643
5,968

142
422

126
388

131
415

131
552

132
477

147
527

139
627

161
701

156
669

152
573

254
890

153
680

165
781

mil. bd ft
...do _

7,367
316

7,430
550

724
549

693
551

642
592

559
550

721
601

660
638

761
654

760
653

572
624

738
705

648
677

683
637

677
667

Production.
Shipments
._ .
Stocks (gross) , mill, end of period

_ do
do _
do

7,777
7,730
982

7,134
7,196
920

715
707
1,011

688
691
1,008

548
601
955

549
601
903

711
670
944

666
623
987

756
745
998

756
761
993

643
601
1,055

618
657
1,016

643
676
983

714
723
974

641
647
968

Exports, total sawmill products
Sawed timber
_
Boards, planks, scantlings, etc

do
do
do

598
158
440

505
125
398

44
13
31

35
9
26

46
10
36

50
11
39

48
20
28

41
8
33

38
8
30

63
29
34

50
14
37

42
13
29

83
19
64

47
11
37

42
13
29

158. 84

158,88

166.79

160.09

157. 56

166. 40

175. 43

178. 29

184.90

180.05

176.06

171. 45

187.49

195.59

215.08

i 6, 699
344

17,074
453

583
381

709
378

638
405

620
453

593
453

623
478

590
459

615
460

619
476

694
499

726
479

733
470

i 6, 921
i 6, 760

i 6, 790
i 6, 965

599
610

700
712

584
611

538
572

636
593

583
598

623
609

634
614

598
603

664
671

710
746

743
742

Shipments total
Hardwoods
Softwoods

do
do
. do _.

Stocks (gross) , mill, end of period, total
Hardwoods
Softwoods
.
Exports, total sawmill products
Imports total sawmill products

SOFTWOODS
Douglas fir:
Orders, new
Orders, unfilled, end of period.

_

Prices, wholesale:
Dimension, construction, dried, 1" x 4", R. L.
$ p e r M bd. ft..
Southern pine:
Orders, new
Orders, unfilled, end of period.

mil. bd. ft
-do _

Production
Shipments

do
do

Stocks (gross), mill and concentration yards, end
of period
mil. bd ft
Exports, total sawmill products

M bd ft

Prices, wholesale, (Indexes):
Boards, No. 2 and better, I" x 6", R. L.
1967=100..
Flooring, C and better, F, G., I" x 4", S. L.
1967=100..
Western pine:
Orders, new
Orders, unfilled, end of period.
Production
Shipments

Stocks (gross) , mill, end of period

1,134

1,207

1,195

1,168

1,134

1,177

1,162

1,176

1,196

1,191

1,184

1,148

1,149

67, 502

7,595

4,699

7,445

9,591

8,576

11, 346

14, 241

10,774

11,160

12,872

9,322

11, 438

11, 361

188.4

166.6

171.5

171.4

176.5

182.0

190.5

198.6

217.7

217.7

219.7

222.4

225.1

236.3

245.1

246.0

229.2

226.9

225.2

220.9

222.0

223.0

227.4

228.5

231.8

231.8

231.8

231.8

233.3

235.1

237.3

237.7

8,788
392

8,665
538

936
560

838
542

725
559

743
538

751
584

725
578

830
530

851
522

809
502

1,017
598

843
582

794
546

956
535

do
do

8,973
8,952

8,445
8,519

852
889

895
856

654
708

706
764

695
705

715
731

886
878

920
859

837
829

801
921

786
859

869
830

974
967

do

1,344

1,270

1,295

1,334

1,280

1,270

1,212

1,196

1,204

1,265

1,337

1,217

1,144

1,183

1,190

151. 38

131.97

131.78

128. 87

127. 30

154. 01

177. 50

198.52

209. 92

189.73

165. 91

161. 57

168. 63

182. 50

108.3
2.5
123.9

104.2
4.5
93.8

8.0
3.0

9.4
3.3

8.3
4.4

8.8
4.5

12.6
6.7

8.4
5.4

8.2
4.6

9.8
5.2

9.4
5.7

10.1
4.9

10.8
5.0

10.8
5.9

9.7
5.6

108.5
19.2

98.8
12.5

7.9
7.4
15.8

8.5
8.7
15.7

6.2
7.2
14.7

7.0
8.3
12.5

8.0
10.4
10.2

8.4
9.2
9.6

9.5
8.2
11.0

8.7
8.6
11.2

7.9
9.0
9.8

8.3
8.7
9.6

8.1
10.4
7.9

8.9
10.0
6.2

9.8
10.1
6.4

mil bd ft
do

_

1,309
76, 276

207. 79

Price, wholesale, Ponderosa, boards, No. 3, 1'7 x
12", R. L. (6' and over)
$ per M bd. ft

198. 68

HARDWOOD FLOORING

Oak:
Orders, new
Orders, unfilled, end of period

mil bd ft
do

Production
_
Shipments
___ _
_
Stocks (gross) , mill, end of period

do
do
do

METALS AND MANUFACTURES
IRON AND STEEL
Erports:
Steel mill products
thous. sh. tons..
Scrap
do
Pig Iron
.__
do
Imports:
Steel mill products
_
Scrapf
_ _ . __.
Pig Ironf

5,833
8,696
101

2,953
9,608
60

202
771
3

228
657
4

185
757
4

182
646
3

150
676
6

177
654
4

212
600
4

229
743
6

265
836
5

232
671
7

318
769
3

280
631
3

193
709
3

15, 970
201
342

12,012
305
478

697
29
26

818
26
52

903
17
51

1,153
34
31

1,007
72
42

966
22
41

1,034
28
31

948
47
16

1,071
27
22

1,355
57
39

1,190
68
42

1,201
49
17

1, 283
28
55

thous. sh. tons.. 1 55, 250
.
do
151,335
do
U05,483
do
18,408

i 46,042
i 36,753
i 82,331
i 8, 766

3,792
3,017
6,703
8,415

3,912
3,292
6,815
8,791

3,388
2,808
6,212
8,792

3,505
2,725
6,133
8,860

3,758
2,836
6,836
8,489

3,818
3,205
6,904
8,581

4,418
3,951
8,131
8,828

4,407
3,910
8,057
9,087

4,475
3,935
8,388
9,109

4,596 ' 4, 314 P 4, 375
3,864 r 3, 375 P 3, 467
8,172 r 7, 402 P 7, 556
9,381 ' 9, 652 P9,928

do
do
do

._

Iron and Steel ScrapU
Production
Receipts, net
Consumption
Stocks, end of period

..

Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
$perlg. ton
Pittsburgh district
...
do

106.22
70.83
59.12
74.34
63.54
104.20
72.50
77.50
63.00 I 61.50
Revised.
*> Preliminary.
» Annual data; monthly revisions are not available.
9 Totals include data for types of lumber not shown separately.
fEffective Aug. 1976 SURVEY, scrap excludes imports of rerolling rails and pig iron excludes
sponge iron imports previously included.
T




80.98
80.42
85.10 r 78. 64 69.88 61.67
65.14
87.75
78.50
72.09
73.50
67.50
91.00 85.00
74.50
80.50
86.00
93.00
83.50
82.00
H Effective with 1974 annual and Jan. 1975 figures, data reflect expanded sample and
exclusion of direct-reduced (prereduced) iron, previously included in scrap series.
60.42
64.00

SURVEY OF CURRENT BUSINESS

S-32
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS

1974

1975

| 1975

Annual

November 1976

Sept.

Oct.

1976
Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Ore

Iron ore (operations in all U.S. districts):
Mine production
thous Ig tons
Shipments from mines
do
Imports
do

i 84, 355
1 85, 112
48, 029

178,866
i 75, 967
46, 742

7,471
7,645
4,534

6,160
6,850
4,226

5,765
5,796
3,062

5,801
5,277
4,039

5,413
2,578
2,703

5,459
1,812
1,645

5,812
2,245
2,022

6,118
5,579
2,443

7,612
8,483
4,084

7,846
8,910
4,554

7,188
9,314
5,109

7,424
9,593
5,333

5,057

U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
do
Consumption at iron and steel plants
do
Exports
do

128, 306
129, 077
2,323

112,718
106, 230
2,538

10, 118
8,419
300

9,423
8,279
395

8,571
7,958
333

8,375
8,326
203

3,916
8,849
1

4,111
8,923
2

4,690
10,063
21

7,765
9,926
200

12, 696
10, 753
425

12, 862
10, 347
271

13, 892
10, 554
541

13, 873
10, 269
424

13, 134
9,262
363

Stocks, total, end of period
. do
At mines... _ _ _
do
A t furnace yards
_ _ _ _ _ _ _
do
At U.S. docks ___
do

i 57, 924
i 9, 405
45, 247
3,272

68, 113
11,268
52, 231
4,614

66, 095
11, 549
50, 376
4,170

66, 600
10, 859
51, 521
4,220

67, 265
10, 786
52, 133
4,346

68, 113
11, 268
52, 231
4,614

66, 855
14, 696
47, 298
4,861

65, 351
18, 418
42,485
4,448

63,076
21,984
37, 181
3,911

61,400
22, 724
35,085
3,591

62,608
21,853
37, 296
3,459

64,087
20, 793
39, 852
3,442

65,298
18,558
43, 256
3,484

66, 643
16, 392
46, 959
3,292

50, 864
3, 389

851

1,033

51

112

43

98

101

39

83

68

53

161

45

134

87

Pig iron:
Production (excluding production of ferroalloys)
thous. sh. tons.. i 95, 909
Consumption
_ ~
do
» 96, 792
Stocks, end of period _ _
do
1763

79, 923
i 79, 638
11,435

6,245
6,286
1,300

6,292
6,298
1,333

5,981
5,958
1,387

6,234
6,210
1,427

6,636
6,664
1,438

6,754
6,812
1,452

7,519
7,573
1,430

7,601
7,679
1,362

8,116
8,163
1,329

7,874
7,859
1,356

7,999
rr 7, 930
1,418

7,751
P 7, 703
p 1, 500

6,995

6,969

122. 61

181. 76

182. 38

182. 38

182. 38

182. 38

182. 38

182. 38

182. 38

182. 38

182. 38

182. 25

1,416
15, 661
8,664

994
12,445
6,435

1,006
1,106
577

969
1,202
614

902
1,003
496

994
934
463

960
1,060
507

907
1,122
534

886
1,313
659

855
1,257
606

861
1,241
613

920
1,325
666

895
1,056
552

897
1,172
620

133
912
553

64
730
430

72
66
39

72
73
44

69
59
35

64
59
35

66
65
38

71
67
37

69
84
48

68
79
47

73
75
44

75
76
45

76
55
34

71
73
44

9,295
74.7

9,214
69.0

8,709
67.4

8,846
66.2

9,835
74.4

9,907
80.1

11, 294
85.4

11,439
88.4

12,136
90.8

11,605
89.7

11,400
84.8

11, 128
82.8

10,463
80.4

10, 295
75.8

881
161
128

831
176
143

786
145
119

748
142
122

691
158
133

645
155
131

607
176
147

574
155
129

553
153
128

508
153
126

486
119
95

454
135
111

7,632

6,377

5,703

6,071

7,246

6,840

8,259

7,780

8,215

8,537

7,480

7,519

7,646

395
343
604
178

437
375
634
163

458
430
719
176

342
420
687
161

345
326
560
155

379
343
593
167

Manganese (mn. content), general imports

do

Pig Iron and Iron Products

Price, basic furnace

$ per sh. ton..

C astings, gray and ductile iron:
Orders, unfilled, for sale, end of period
thous. sh. tons__
Shipments, total. __
_
do
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale, end of period
thous. sh.tons..
Shipments, total
do
For sale
_
do
Steel, Raw and Semifinished

Steel (raw):
Production
thous. sh. tons.. i 145,720 1 116,642
Rate of capability utilization*
percent
76.2
Steel castings:
Orders, unfilled, for sale, end of period
thous. sh. tons..
748
1,527
Shipments, total
do
1,927
2,091
For sale, total...
do
1,575
1,739
Steel Mill Products
Steel products, net shipments:
Total (all grades)
thous. sh. tons.. i 109,472
By product:
Semifinished products
do
5,509
Structural shapes (heavy), steel piling
do
7,210
Plates
do
10, 919
Rails and accessories
do
1,785

79, 957

3,910
5,121
8,761
1,965

351
412
685
157

324
325
589
152

284
297
516
146

296
319
559
152

317
307
552
160

360
319
550
156

417
389
652
176

Bars and tool steel, total
Bars: Hot rolled (Incl. light shapes)
Reinforcing
Cold
finished.

do
do
do
do

i 18, 514
11, 061
i 5, 089
2,251

13, 367
8,146
3,666
1,486

1,231
776
331
119

1,038
585
342
104

926
549
285
87

912
553
264
89

1,074
675
282
111

1,135
721
294
114

1,321
834
334
146

1,261
753
370
133

1,346
808
386
146

1,335
794
375
159

1,109
659
325
120

1,223
750
328
139

1,340
824
356
153

Pipe and tubing
Wire and wire products.
Tin mill products. ._ _
Sheets and strip (Incl. electrical), total
Sheets: Hot rolled _
Cold rolled

do
do
do
do__.
do
do

9,844
3,171
7,528
i 44, 991
15, 774
18, 275

8,229
2,153
5,687
30, 763
11, 222
12, 841

622
192
452
3,532
1,209
1,572

627
203
443
2,677
928
1,148

542
170
388
2,435
819
1,083

530
151
528
2,624
927
1,126

546
182
868
3,240
1,074
1,471

546
188
450
3,136
1,070
1,410

609
241
540
3,916
1,372
1,714

576
233
521
3,669
1,299
1,595

557
220
532
3,950
1,423
1,699

568
242
599
4,011
1,499
1,646

457
213
540
3,549
1,313
1,496

497
191
518
3,704
1,366
1,569

490
210
477
3,647
1,350
1,505

23, 179
12, 270
6,249
18, 928
3,417
6,440
8,218
30,771

15, 622
8,767
3,927
15, 214
3,152
5,173
6,053
22,049

3,440
2,091
1,003
4,686
686
1,083
1,490
5,193

4,199
2,063
1,296
5,684
743
1,357
1,836
7,349

21,286
.747
» 409
2 1, 669
2226
2419
2587
2
2, 136

2 1, 197
2620
2397
21,816
2224
2425
2564
2 2, 276

2 1, 195
2645
2397
21,857
2281
2461
2 525
2 2, 283

34.4

33.9

34.8

33.8

33.8

33.9

33.5

33.8

33.5

33.7

34.3

34.5

r35.6

35.9

7.7
5.6

10.0
6.7

9.9
5.8

9.7
6.1

10.1
6.3

10.0
6.7

10.0
6.4

10.2
6.7

10.1
6.5

10.4
6.8

11.0
6.9

11.2
6.8

11.5
7.2

11.9
7.2

By market (quarterly shipments):
Service centers and distributors
do
Construction, incl. maintenance
do
Contractors' products
do
Automotive
do
Rail transportation
do
Machinery, industrial equip., tools
do
Containers, packaging, ship, materials... do
Other
do
Steel mill shapes and forms, inventories, end of
period—total for the specified sectors:
mil. sh. tons..
Producing mills, inventory, end of period:
Steel in process
mil. sh. tons..
Finished steel
do
Service centers (warehouses), inventory, end of
period
mil. sh. tons..
Consumers (manufacturers only):
Inventory, end of period
do
Receipts during period
do
Consumption during period....
do

7.4

6.7

7.1

6.7

6.6

6.7

6.5

6.5

6.5

6.5

6.4

6.4

'6: 7

6.5

13.7
81.5
79.0

10.5
58.9
62.1

12.0
5.8
5.5

11.3
5.0
5.7

10.8
4.2
4.7

10.5
4.3
4.6

10.6
5.1
5.0

10.4
5.1
5.3

10.4
6.0
6.0

10.0
5.3
5.7

10.0
5.5
5.5

10.1
5.7
5.6

10.2
4.9
4.8

10.3
5.1
5.0

•• Revised.
* Preliminary.
»Annual data; monthly or quarterly revisions are not
available.
2 jpor month shown.
*New series. Source: American Iron and Steel Institute. The production rate of ca-




3,569
1,706
1,066
5,450
728
1,283
1,974
6,447

3,615
1,721
870
3,692
718
1,089
1,436
5,014

11.7
7.2

10.2
5.3
5.4

pability utilization is based on tonnage capability to produce raw steel for a full order book
based on the current availability of raw materials, fuels and supplies, and of the industry s
coke, iron, steelmaking, rolling and finishing facilities. Data prior to 1975 are not available.

SURVEY OF CURRENT BUSINESS

November 1976
1974

Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

1975

Annual

S-33
1976

1975

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons..
Recovery from scrap (aluminum content) do
Imports (general):
Metal and alloys, crude
Plates, sheets, bars, etc
Exports:
Metal and alloys, crude
Plates sheets, bars, etc

,

4,903
1, 190

3,879
1 1, 156

300
99

311
104

310
88

319
90

322
98

303
103

326
115

325
118

350
116

345
115

365
105

371
117

do
do

509.0
45.3

457.9
61.0

56.4
6.0

37.8
5.8

45.3
7.4

46.3
7.4

36.1
8.9

47.0
6.8

50.7
9.0

71.7
6.8

68.8
6.6

70.9
8.4

33.2
7.5

68.6
8.0

27.9
6.1

do
do

207.8
234.9

185.8
185.4

13.7
17.5

25.2
15.6

36.8
13.0

44.9
18.0

31.3
14.7

4.1
16.7

25.8
15.5

14.6
17.2

7.2
16.5

9.7
18.4

10.5
19.8

9.8
23.9

6.2
22.9

.3406

.3979

.4100

.4100

.4100

.4100

.4100

.4100

.4148

.4250

.4400

.4400

.4691

.4800

13, 639
10, 461
5,626
1,760

9,804
7,427
4,052
1,376

899.9
692.3
385.4
123.5

921.4
674.5
361.0
139.6

824.6
586.1
312.6
116.0

968.4
667.6
384.4
122.2

902.9
718.3
410.5
148.1

946.4 1,134.8 1,070.6 1,207.0 1,170.7 ' 944. 3 1, 168. 3
688.6 826.8 830.9 888.1 914.5 '799.5 866.0
384.7 454.3 462.9 512.3 531.8 ' 466. 9 494.1
149.6
159.7
161.6
130.7
160.1
164.8
151.8

6,014

5,962

6,007

5,999

5,971

5,997

5,891

5,816

5,676

5,546 «• 5, 599

118.5
104.3
94.7
9.6
32.0

128.4
116.4
108.4
8.0
29.0

111.5
106.4
96.9
9.5
28.0

116.0
118.7
107.0
11.7
30.0

120.5
114.3
105.8
8.5
31.0

116.7
106.2
97.3
8.9
29.0

133.7
136.5
130.8
5.6
28.0

136.1
133.3
127.2
6.1
29.0

136.6
124.8
117.7
7.1
31.0

129.3
133.9
127.0
6.9
28.0

1

Price, primary Ingot, 99.5% minimum— $ per lb..
A lumlnum products:
Shipments:
Mill products total
Sheet and plate
Castings

do
do
do

Inventories, total (Ingot, mill products, and
5.156
5,999
scrap), end of period
mil. lb_.
Copper:
Production:
Mine, recoverable copper
thous. sh. tons.. 1,597.0 i 1,413.4
U,654.7
1 1, 443. 4
Refinery primary
do
1
1,420. 9 1 1, 299. 0
From domestic ores
do
1233.8
144.4
From foreign ores
do
482.0
330.0
Secondary, recovered as refined
do
Imports (general) :
Refined, unrefined, scrap (copper cont.).. do
Refined
do
Exports:
Refined and scrap
do
Refined
do

Stocks, end of period:
Producers', ore, base bullion, and In process
(lead content), ABMS
thous. sh. tons..
Reflners' (primary), refined and antimonlal
(lead content)
thous. sh. tons_.
Consumer*?' (lead content)^
do
Scrap (lead-base, purchased), all smelters
(gross weight)
thous sh tons
Price, common grade, delivered
$ per lb_.
Tin:
Imports (for consumption) :
Ore (tin content)...
... Ig. tons
Metal, unwrought, unalloyed
_.do
Recovery from scrap, total (tin cont.)... .do

Consumption, total
Primary.
. _

do
do

Exports, Incl. reexports (metal)
.
do
Stocks, pig (industrial), end of period
do ...
Price, pig, Straits (N.Y.), prompt*
$ perlb..
Zinc:
Mine prod., recoverable zinc
thous. sh. tons..
Imports (general):
Ores (zinc content)
do
Metal (slab, blocks)
_
_
do
Consumption (recoverable zinc content):
Ores
Scrap, all types

do
do

42.4
25.3

31.9
19.1

33.5
21.4

38.2
21.5

42.9
33.5

39.6
26.6

68.0
48.7

55.9
45.8

53.8
38.5

77.9
66.6

33.0
22.1

35.9
13.5

309.9
126.5

333.1
172.4

20.4
11.5

20.0
12.5

17.5
9.0

16.4
8.4

20.5
11.2

16.9
8.5

20.5
10.8

20.6
10.9

20.4
8.6

22.4
9.4

22.3
8.7

23.4
9.4

23.0
10.0

2,201
374
179

1,541
539
178

387
482
170

469
483
135

<176
487
144

<185
503
178

< 187
492
175

*142
499
149

< 164
500
144

.7727

.6416

.6379

.6468

.6924

.7062

.7062

.7462

.7462

.7462

2,813
2,647
667

2,025
2,056
512

527
512
120

663. 9
1698.7

i 621. 5
i 658. 5

50.6
55.6

56.3
59.8

48.9
61.0

52.8
53.8

50.4
52.0

52.0
55.1

57.8
64.6

50.6
57.0

51.0
53.5

50.6
57.8

48.1
49.8

••51.0
57.4

?49.0

188.6
1,297.1

10.6
114.7

20.1
123.6

20.6
108.9

21.8
108.5

21.9
109.3

18.3
114.1

23.5
125.1

16.0
116.4

13.4
118.2

30.4
118.2

13.0
101.4

11.1
116.2

12.9

191.4

195.1

193.6

188.7

191.4

188.7

193.0

206.8

205.3

196.4

200.8

192.4

191.7

81.3
133. 3

85.6
114.1

76.8
121.1

82.8
117.9

- 81.2
120.3

90.6
110.5

92.0
110.4

89.9
116.4

87.3
116.1

84.4
116.6

83.7
118.0

76.1
117.9

66.3
119.8

87.8
.2153

79.5
.2000

88.5
.2000

83.8
.2000

87.8
.1946

83.7
.1900

79.6
.1900

68.2
.2022

70.8
.2193

76.9
.2288

87.7
.2300

91.8
.2424

91.2
.2476

.2483

5,877
6,314
39, 602
43, 664
18,897 i 15, 618
1 1, 989 i 1, 887
164,742 154,919
151,611 1 42, 931

508
3,272
1,095
105
4,450
3,250

982
3,679
1,180
175
4,680
3,525

0
3,719
920
120
4,340
3,365

1,083
3,936
980
125
4,545
3,485

0
4, 005
990
125
5,090
4,135

498
2,414
1,025
120
4,855
3,795

28
4,809
1,210
140
5,735
4,485

934
2,617
1,095
140
5,333
4,262

64
2,606
1,185
225
5,405
4,340

927
6,177
1,205
200
5,875
4,595

0
4,141
940
240
5,160
4,340

655
3,264

386
3,843

1

1

213.6
1,599. 4

1

187.1

37.3
i 166. 6
i 104.1
.2253

1

1

.6379

.6379

.6362

.6362

.7206

672
635
138

649
575
136

563
549
129

.2574

5,295
4,265

411
111
102
153
278
44
262
215
21
38
9,044
7,731 6,853 8,243 r 9, 471 8,611
9,490 9,247 8,488
34.0044
3
3.
9638
3. 0302 33.1397 33.2749 33.4720 33.5546 « 3.7511 33.8932 34.2294 3 4.0353

3,540
9,385
3. 3982

48
9,103
3. 2277

320
9,727
3. 2195

17
8,700
3. 2403

1 499. 9

469.4

37.6

39.8

36.6

37.2

40.4

41.6

42.7

41.2

41.7

40.8

38.7

37.1

240.0
539.5

145.0
380.4

10.5
42.0

9.4
58.4

8.3
53.8

12.1
51.2

6.2
57.7

9.8
44.0

8.3
45.5

6.6
59.9

5.7
62.9

9.4
77.2

9.8
60.6

7.3
51.6

i 127. 1
i 258. 2

182.7
223.8

7.9
19.2

9.7
20.8

8.8
18.8

8.3
18.6

8.4
18.6

7.6
19.6

8.9
21.1

8.8
19.5

8.3
15.8

8.3
15.3

8.8
14.8

9.2
16.1

438.1
57.9
925.3
6.9

29.1
3.1
94.1

28.8
4.7
94.8
.1

31.0
4.6
78.5
.2

36.8
4.1
81.3
2
()

42.0
3.8
84.1
2
()

40.8
4.5
87.8
.2

41.4
5.8
106.5
0

43.5
3.0
98.9
2
()

41.6
6.0
102.7
2
()

39.6
5.6
104.5
2
()

40.6
4.4
87.7
(2)

36.1
3.8
99.4
2.9

(2)

75.7
107.3
.3896

61.0
90.6
.3889

54.0
92.3
.3895

60.7
91.6
.3890

67.4
97.8
.3893

73.4
93.8
.3712

74.6
91.1
.3700

67.5
97.4
.3700

68.0
101.4
.3700

67.6
110.6
.3700

69.2
121.4
.3700

73.0
126.5
.3700

64.6
134.7
.3700

59.1

72.6

.3700

.3700

(2)

r
Revised.
i Annual
data; monthly revisions are not available.
2 Less than 50 tons.
4
See "*" note.
For month shown.
concludes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.
§ All data (except annual production figures) reflect GSA remelted zinc and zinc purchased
for direct shipment.
©Revised Dec. 31 stocks for 1970-73 (thous. tons): 124.2; 48.6; 30.1;
25.9. Producers' stocks elsewhere, end of Oct. 1976, 15,600 tons.




.6379

8,415
10, 442
3. 9575

Slab zinc: §
Production (primary smelter), from domestic
and foreign ores
thous. sh. tons.. i 555. 2
178.5
Secondary (redistilled) production
do _.
11,287.7
Consumption, fabricators.
do
19.1
Exports
do
Stocks, end of period:
39.7
Producers', at smelter (ABMS)O
do
Consumers'
do
i 210. 7
.3594
Price, Prime Western
Sperlb..
3

143.5
143.7
132. 8
10.9

38.1
21.0

Lead:
Production:
Mine, recoverable lead
thous. sh. tons..
Recovered from scrap (lead cont.)
do
do
do

127.4 ' 143. 3
128.9
111.8
118.7
105.6
6.2
10.2
26.0
24.0

330.0
146.8

448
539
178

.4800

5,516

607.7
313.6

Consumption, refined (by mills, etc.) , qtrly..do
Stocks refined end of period
do
Fabricators'
do
Price, electrolytic (wirebars), dom., delivered
$ per lb.Copper-base mill and foundry products, shipments
(quarterly total):
Brass mill products
mil. lb_.
Copper wire mill products (copper cont.) __do

Imports (general) ore (lead cont ) metal
Consumption total

.4100

14.3
76.6

*New series effective with data for Jan. 1976. Source: Metals Week. MW Composite monthly
price (Straits quality, delivered) is based on average of daily prices at two markets ^enang,
Malaysia-settlement, and LME 3-month-High grade), and includes fixed charges plus
dealer's and consumer's 70-day financing costs; no comparable earlier prices are availaoie.

SURVEY OF CURRENT BUSINESS

S-34
1974

Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS

1975

|

Annual

November 1976
1976

1975
Sept.

Oct.

Dec.

Nov.

Jan.

Feb.

Mar.

Apr.

May

July

June

Aug.

Sept.

Oct.

METALS AND MANUFACTURES—Continued
MACHINERY AND EQUIPMENT
Heating, combustion, atmosphere equipment, new
orders (domestic) net qtrly 9 O
mil. $
Electric processing heating equip
do
Fuel-fired processing heating equip
do

153.5
23.8
90 4

146.4
43.6
52.4

33 6
6.2
12 3

Material handling equipment (industrial):
Orders (new) index seas adj
1967 — 100

202.7

135.6

179 0

151 9

131 8

132.9

142 4

151 2

162 2

159 6

172.1

169.7

154.9

184.4

Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider-type
do
Industrial trucks and tractors (internal combustion
engines) shipments
number

22, 661
26 048

15, 063
19 381

1,067
1 249

1 079
1 344

970
1 076

1 779
1 680

1 111
1 117

1 095
1 076

1,429
1 170

1 408
1 266

1,166
1,172

1,414
1,332

1,391
1,365

1,206
1,204

55 124

36 388

2 557

3 033

2 450

3 787

2 178

2 249

2 724

2 648

2 964

3,139

2,550

2,739

176 5

142.3

147 8

147 8

145 1

148 2

154 4

156 3

165 3

167 2

160.7

163.4

164.6

161.9

169.2

167.8

165.2

161.6

167.4

166.1

159.3

172 8

170 2

175.7

184.4

179.1

180.2

186.5

192.8

190.2

146.6

169.4

170 6

170 8

172 0

172 9

174 5

175 1

175 3

176.3

176.8

177.4

178.2

179.1

180-4

gO 85
73 75
87 05
66 15
73 15
71 05
134 55 161 95 117 00
10595 130 95 101 20
1 137 4 1 062 4 1 019 2

110 00
95 80
129 80
109 15
999 4

122 00
98 00
145 85
123 80
975 6

102. 65
94.30
121 20
101. 00
957 0

128 95
118. 10
118 50
96 55
967 4

122. 45
110. 30
128. 15
104.55
961.7

126. 30
118.00
97.35
84.30
990 6

146.55
134.75
92 25
78.65
1 044.9

P168. 85
P132. 40
Pl41. 50
Pl23. 30
P! 072 2

34 55
30 15
45 05
37 60
201 4

40 90
35 70
54 70
41 60
1S7 6

45.95
41.55
52 20
42.75
181 4

40 35
35.05
43 50
36.05
178 3

49.80
47.55
54.30
44.50
173.8

57.00
50.95
51 30
43.40
179 5

55.50
51.85
32 05
25.90
202 9

p 59. 45
v 54. 40
v 46. 80
P38.85
J»215 6

Industrial supplies, machinery and equipment:
New orders index, seas, adjusted
1967-69=T100
Industrial suppliers distribution:
Sales index, seas, adjusted
1967=100 .
Price index, not seas. adj. (tools, material handling
equip., valves, fittings, abrasives, fasteners,
metal products etc.)
1967—100
Machine tools:
Metal cutting type tools:
Orders, new (net) total
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

mil $
do
do
do
do

2 017.05
91.60
915 90
89 55
1,715.65
85.45
780. 50
77 95
1 445.85 1, 878 65 17000 159 45
1, 241. 35 1, 548. 10 143.10 130 50
2 025 2 1 062 4 1 261 0 1 191 1

do
do
do
do
do

485. 20
405. 85
584 70
521. 80
521 2

270 45
212. 65
573 05
484. 50
218 6

19.70
17.35
40.75
34.45
275 6

30 20
26 85
47 55
42 75
258 2

21 20
18 80
40 85
34 25
238 6

Tractors used in construction, shipments, qtrly:
Tracklaying, total
units
23, 623 20, 453 4,711
mil. $
264.6
904.8 1,111 5
2
Wheel (contractors' off-highway)
units
4,592
5, 600
1,080
2
mil. $
255. 6
73.8
289 6
Tractor shovel loaders (integral units only), wheel
and tracklay ing types
units
8,566
51, 405
37, 956
mil. $
1 141.2 1, 132 7
260.8
Tractors, wheel, farm, nonfarm (ex. garden and
construction types), ship., qtrly
units . 234, 558 226, 223 43,704
mil. $
1, 823. 6 2, 368. 1 467.9

28 25
23 60
48 15
39 75
218 6

32 80
29 30
39 25
33 20
212 1

45.8
10.6
18.9

53.3
8.9
27.0

39.7
5.7
13 2

35.4
8.3
12 6

4,558
269.4
964
55.3

4,738
255 4
836
51 1

5,042 31,515 3 1, 476
250.5 r 3 84. 5 3 83.3
1,109
76.1

8,351
266 7

8,942
247 5

9,403
249.3

54, 197
634.3

62, 590
717 7

58, 570
683.1

T
r

186.6

313, 010 3 12,769
3158. 4 3 164. 0

ELECTRICAL EQUIPMENT
Batteries (auto. -type replacement), ship.

thous

Radio sets, production, total market
thous..
Television sets (incl. combination models), production, total market
thous..
Household major appliances (electrical) , factory shipments (domestic and export) 9
thous..
Air conditioners (room)
do
Dishwashers
do
Disposers (food waste)...
do
Ranges
do
Refrigerators
.
do
Freezers.
do
Washers
do
Dryers (incl. gas).
do
Vacuum cleaners
do

1

1

4 469

4 294

3 637

3 321

2 990

2,882

3,524

3 523

4,335

4,872

2, 593

2,496

2,751 « 3, 673

3,627

3,428 *3,095

2,924

4,929

44,671

5,365

878

<980

890

919

« 1, 223

931

1,145

< 1,364

908

1,262

41,647

1,407

2,272 ' 2, 257
55.1
101.0
253.1 ' 318. 0
207.2 «• 212.6
189.3 ' 210 9
463.3
456.6
242.9
184 8
480.4 r 429.1
345.8
315. 4

1,577
60 3
247.6
179 0
156 2
304 7
91.5
296.2
218 7

1,801
223.3
259.7
178 8
183 7
360 9
83.8
279.3
202.9
6
3 400 3

1,934
261 1
223 8
192 8
167 7
299 7
115 2
368.8
266 4

2,158
264.5
224.4
188.7
183 7
361 6
131 8
417.5
292 6

2,500
405 4
294.3
204.6
200 8
426 7
152 0
412.2
282.1
S
2 392 1

2,514
524.4
296.5
222.6
217 0
408.3
143.3
346.2
234.4

2,194
373.0
242.3
198.9
193 9
414.1
128.2
335. 9
208.4

2,388
336.7
261.5
214.6
222.8
494.6
128.3
408.0
253.6
5
2, 100.2

2,023
161.9
209.9
185.9
201.9
488.4
165.6
344.7
219.1

2,222
76.3
280.5
234.4
215.5
477.0
169.0
444.2
300.6

2,075
77.6
245.7
238.2
206.7
420.7
142.8
414.7
305.9

2,056
83.0
321.6
235.7
224.1
392.7
108.2
369.6
295.1

121 4
147 0
225 2

121 1
146 7
183 2

114 3
158 2
204 9

132 2
137 3
253 6

111 6
162 9
255 9

135 1
186 0
310 0

115 8
144.1
312 2

113 0
155.1
285 8

40 230

4 432

4 613

3 948

43, 993

34,516

< 3, 696

3,271

2,564

15, 279

10,637 < 1, 293

1,069

43 719

31,996
4 564
3 320
2 553
2 925
5 982
3 220
4,948
3 584
8 470

1

24, 240
2 683

1
2, 702
1

2 080
i 2 014
i 4 532
2 457
4,228
2,870
7 640

4

GAS EQUIPMENT (RESIDENTIAL)
Furnaces, gravity and forced-air shipments thous
Ranges, total, sales
" do
Water heaters (storage), automatic sales
do

1 476
1*950
2 569

1 186
1 618
2 645

148 3
152 1
235 3

124.2
154.7
116 0 f 124. 5
180.4
116.3 ' 139. 7 165.1
213.1
217.0
277 6
228 9

PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
i g gjy
Production f _ _
thous sh tons
Exports
'do
735
Price, wholesale, chestnut, f.o.b. car at mine
,
$
persh.
ton..
29.
972
Oli
Bituminous:
Production J;
thous. sh. tons.. 1603.406

i g 203
640

500
102

595
56

550

655
63

con

44.0

91

14

24

525
21

520
66

555
80

630
75

490
47

590
47

665
120

44.856

46. 428

46. 428

46. 428

46. 428

46. 428

46. 428

46. 428

46. 428

46. 428

46. 428

46. 428

46.428

46. 428

46. 428

64onno

55 5fin

fin nan

59, 41 n

53 1 1 5 51 495

52. fi30

fin. 050

57. 850

56. 605

58. 430

43. 250

53,440

59,675

57, 445

l
i v i ~A~' « ' Pr?limmary.
Annual data; monthly or quarterly revisions not avail.
'Excludes figures for rubber-tired dozers.
3 For mon th shown.
< Data cover 5 weeks;
other periods, 4 weeks.
« Quarterly beginning 1976.
e Aug.-Dec.




9 Includes data not shown separately.
t Monthly revisions back to 1973 are available upon request.
0 Effective 1976, data reflect additional reporting firms.

SURVEY OF CURRENT BUSINESS

November 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS

1974

S-35

1975

| 1975

Annual

Sept.

Oct.

1976

Nov.

Jan.

Dec.

Mar.

Feb.

Apr.

May

June

July

Aug.

Sept.

Oct.

5 613
366.8

367.0

PETROLEUM, COAL, AND PRODUCTS—Continued
COAL— Continued
Bituminous— Continued t
Industrial consumption and retail deliveries,
total 9
thous sh tons
Electric power utilities
do
Mfg. and mining industries, total .
do
Coke plants (oven and beehive)
do
Retail deliveries to other consumers

do

Stocks, Industrial and retail dealers', end of period,
total
thous. sh. tons
Electric power utilities
do _ .
Mfg. and mining Industries, total
do
Oven-coke plants
do__ _
Retail dealers. _

do

552, 709
390, 068
153, 721
89, 747

554 567
403, 249
145, 667
83, 193

43 829
32, 361
11, 088
6 287

44 563
32, 717
11,519
6 659

45 545
33 199
12, 020
6 485

50 290
37, 249
12,716
6 716

52484
39855
12, 326
6,732

46740
34830
11, 735
6 605

8,840

5,627

378

324

324

324

303

175

95, 528
82, 631
12,617
6,037

127, 159 112, 102
109, 707 96, 621
17, 175 15 039
8,671
7,003

120,371 125, 813 127, 159
104,227 109, 273 109, 707
15 861 16 277 17 175
7,729
8,671
8,468

48
35
12
7

967
973
510
262

45 894
33, 715
11, 825
7 077

484

353

45
33
12
7

993
637
102
396

252

119 408 119 438 123 697 128 601 134 901
104,456 103855 107 423 111,806 117 199
14, 793 15 217 16 115 16, 662 17 575
8,115
9,931 10 612
8 514
9 334

280

277

442

283

263

277

159

366

159

133

127

59, 926
339.5

65, 669
387.0

4 529
372.4

4,647
370.2

7 593
363 0

4 534
370.1

3,697
368.9

3 050
368 0

3 979
366 9

5 7gQ
366.4

5 667
366 0

6 569
365.8

4,880
366.7

4 223
366 7

845
260,737
24, 749

2
727
56, 494
25 848

4 250
2 220

62

60
4,527
2 307

57
4,365
2 115

40
4,549
2 286

4,551
2 201

54

55

5 041
2 177

55
4,884
2 101

5 069
2 °22

55
4,938
2 149

51

4 372
2 036

5 007
2 241

48
4,785

935
910
25

4,996
4,718

4 108
3 899

4 522
4 291

4 996
4 718

5 092
4 820

4 994
4 737

5 105
4 847

5 062
4 808

4 992
4*736

4 729
4 504

4 641
4 383

1,084

1,472

3 821
3*618
203
1 435

1 477

1 565

1 472

1 502

1 539

1 605

1 704

1 795

1 785

1 840

1,278

1,273

117

03

52

74

55

92

87

116

133

137

101

210

170

Crude petroleum:
Oil wells completed
number
2 12, 784
Price, wholesale
Index. 1967=100..
211.8
Gross input to crude oil distillation units. .mil. bbl. 4, 631. 6
Reflnery operating ratio
... % of capacity
87

16,338
245.7
4,709. 3
86

1,504
256.1
401 5

1,633
257.8
397.3
85

1 619
261.0
394 6

1,817
262.6
411.4
88

1,465
263.2
403.6
86

1 341
242.3
388 1
88

1 726
242.4
412 2

1,501
246.1
413 4

1,265
254.3

1,474
254.3

264.4

87

1,500
247.8
427.7
93

1,312
254.3
446. 1

87

1,237
245.3
396 4
86

244 8

244 5

.487

.487

Exports
Price, wholesale. .

__

_ do. ..
Index, 1967=100

...

COKE

Production:
Beehive
_.
_ .. __
thous. sh. tons
Oven (byproduct)
do
Petroleum coke§
_
.do
Stocks, end of period:
Oven-coke plants, total
.
do
At furnace plants.
do..
At merchant plants
do
Petroleum coke
__ _ _ . do
Exports

.

do

278

209

231

278

49

272

49

257

258

254

256

225

258

4 445
4 202
244

PETROLEUM AND PRODUCTS

All oils, supply, demand, and stocks:
New supply, totald"t
Production:
Crude petroleum}:
Naturnl-gas plant liquids. .
Imports:
Crude and unfinished oils
Refined products}:

.

..

Lubricants
Asphalt...
Liquefied gases

._

6,062.7

5,860. 8

500.5

505.0

489.4

500.7

511.4

478.5

509 9

487.6

499 6

518.1

546.5

3,202. 6
629.2

3,052. 0
609.7

248 0
48 4

257.6
52 2

248 1
50 4

255 4
52 2

254 6
50 2

237 7
48 8

253 4
51 1

242 4
49 6

253 2
50 4

244 3
49 4

251 2
50 7

do
do

1,313.4
917.6

1,511.1
687.8

141 5
62 7

137.3
57 9

139 5
51 3

139 9
53 1

144 0
62 6

123 7
68 3

147 8
57 6

146 2
50 4

146 0
50 0

169.1
55 3

180 3
64 3

do

65.3

11.8

40 4

8.8

23.5

—46.7

-44 3

—18 4

—9 7

—3 5

16 2

20.3

40 8

do

6 158. 7

6 022 6

479 2

512 5

476 6

565 7

581 4

512 2

540 1

504 6

500 9

511 4

522 5

79.4

1.1

21
74.3

do
do
do

6,078. 2
2, 402. 4
64 4

do
do
do

,

...

Stocks, end of period, total
Crude petroleum
Unfinished oils, natural gasoline, etc
Refined products.. Refined petroleum products:
Gasoline (Incl. aviation):
Production
Exports
Stocks, end of period

8

9

o

o

o

o

o

58

50

81

4 8

7 0

57

6 7

56

6 4

7 5

5, 946. 2
2, 450. 3
58 0

473 1
203 2
38

506.7
211 5
4 5

471.6
192 8
4 4

557.6
212 0
85

576 6
199 2
9 2

505 2
182 5
6 3

534 4
214 7
4 9

497 9
215 9
4 2

495 3
213 5
2 4

505.1
226 0
36

515 0
228 0
31

1,075.9
963.2
362 6

1,039.8
888 0
365 3

64 9
69 9
31 2

82 9
69 4
30 9

76.3
70 5
30 0

117 1
84 6
28 2

133 2
95 1
29 4

106 9
86 9
28 0

103 3
84 4
29 9

83 6
72 ft.
30 3

78 1
75 6
29 8

73 1
75 6
29 2

69 9
79 2
34 1

do
do
do

56.7
168 7
513.1

50.1
147 4
486 4

4 4
18 9
37 3

4 9
17 7
43 9

37
11 5
42 5

4 4
5 9
54 3

38
51
57 5

41
50
44 0

53
79
40 4

4 7
9 7
36 0

4 5
13 9
35 3

50
17 0
33 3

51
17 9
34 2

do
do
do
do

1,121.1
265 0
113.6
742.5

do
do
do.

2, 337. 5
10
228.3

2 393 6

g
238.0

206 0

200 3

201 8

188 6

201 2

197 8

211 1

220 6

223 9

224 5

199 4
(i)
235.3

211 3

229 2

238 0

243 4

251 8

241 9

226 6

227 5

227 7

229 4

178 4

211 8

233 7

235 1

233 0

99Q

*»

997 ^

99ft A

221 6

91 8 Q

99ft ^

228 9

oqo i

242 9

.404

.455

.480

.481

.476

.476

.468

.456

.452

.461

.479

.485

.487

15.9

13.7

1.3

15

1.3

g

7

10

9

10

14

do
do. .

Prlces (excl. aviation):
Wholesale, regular
Index, 2/73—100
Retail (regular grade, excl. taxes), 55 cities
(mid-month)
$ per gal
Aviation gasoline:
Production
mil. bbl
Exports
do
Stocks, end of period
do
Kerosene:
Production
do
Stocks, end of period
.
do
Price, wholesale (light distillate)
Index, 1967=100..

I
3.5

56 9
16 9

o

6




o

m

d\

C

0

Q

1, 133. 0 1, 147. 3 1, 156. 1 1, 179. 6 1, 133. 0 1, 088. 6 1, 070. 2 1,060.5 1, 057. 0 1, 073. 2 1,093.6 1, 134. 4
271 4
277 4
271 0
281 7
259 4
282 6
283 1
286 6
269 6
271 4
284 0
289 3
113 7
115 6
120 5
120 0
121 3
114 6
118 9
119 4
113 4
113 7
113 5
113 7
747 9
793 1
691 9
773 3
658 5
773 1
649 9
669 8
685 6
730 5
747 9
679 4

1

(i)

m

m

(\\

(i)

30

28

29

31

55 7
15 6

4 4
17 8

4 4
17 8

4 7
18 2

226.7
304.2
285.6
299.4
297.9
Revised.
i Less than 50 thousand barrels.
2 Reflects revisions not available by
) t comparable with data for
tennirials be i^ . n
earlier periods because stocks cover 100 additional
r

94

do._
do

Domestic product demand, total 9 1
Gasoline.
Kerosene
Distillate fuel oilf
Residual fuel ollj
Jet fuel

87

-.mil. bbl

Change In stocks, al! oils (decrease,—),
Demand, totalt-.
Exports:
Crude petroleum
Refined products

88

m

2

.462
g

2

o

m

(i)

m

30

29

2 9

2 8

2 6

2 4

2 3

14
m
25

5

0

C (1

15 6

11 9

5 4
11 4

5 0
11 7

39
11 7

35
12 9

35
13 1

33
13 4

d\

m

d\

(i\

m

m

(n

c

315.5
310.9
308.8
303.2
304.9
306.3
307.8
313.5
310.5
316.6
310.8
9 Includes data not shown separately.
§ Includes nonmarketable catalyst coke.
^Includes small amounts of "other hydrocarbons and hydrogen refinery input," not
shown separately.
^Monthly revisions back to 1973 are available upon request.
c
Corrected.

SURVEY OF CURRENT BUSINESS

S-36

1975 >

1974

Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS

Annual

November 1976

1975

Sept.

1976
Dec.

Nov.

Oct.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Distillate fuel oil:
Production
mil. bbl
Imports}:.
__
do__
Exports
do
Stocks end of period
do
Price, wholesale (middle distillate).
Index, 1967=100...
Residual fuel oil:
Production
mil. bbl
Importst
do
Exports
.
do
Stocks end of period
do
Price, wholesale
- Index, 1967=100

974.0
105.6
.9
223.8

968.6
55.9
.3
208.8

84.4
3.9
(2)
220.8

85.1
3.2
(')
226.2

83.0
2.9
(2)
235.8

86.3
3.9
0)
208.8

84.8
5.1
(')
165.5

85.9
6.0
(2)
150.5

86.6
4.6
(2)
138.3

272.0

309.4

318.2

322.9

330.8

336.3

336.7

339.4

335.1

390.5
579.2
5.0
74.9
485.4

451.0
435.9
5.3
74.1
495.5

35.5
39.4
.6
76.9
458.1

36.1
37.8
.2
81.9
461.8

36.4
35.1
.4
83.1
450.4

42.0
34.1
1.0
74.1
459.3

43.9
43.6
.4
66.6
451.8

40.4
49.1
.9
68.9
445.2

305.1
29.8

318.0
30.4

27.2
31.3

26.8
30.4

25.9
29.0

26.3
30.4

27.6
30.6

70.7
11.9
16.1

56.2
9.1
14.3

4.8
.7
14.0

5.1
1.1
13.3

5.0
.6
14.2

5.1
.7
14.3

mil. bbl
do

164.2
21.6

144.0
22.8

14.8
22.6

14.5
19.8

11.6
20.2

Liquefied gases (Incl. ethane and ethylene) :
Production total
mil bbl
At gas processing plants (L.P.Q.)
do
At refineries ( L E G )
do
Stocks (at plants and refineries)
do

571.3
447.9
123.3
112.5

557.5
444.1
113.4
125.1

44.8
35.0
9.8
141.6

47.4
37.8
9.6
140.6

46.2
36.9
9.3
138.1

Jet fuel:
Production
Stocks, end of period..

mil bbl
do .

Lubricants:
Production
Exports ..
.
Stocks, end of period
Asphalt:
Production
Stocks, end of period.

do
do
_ __ _do___

_

_

--

79.7
2.9
137.3

84.9
3.0
(2)
147.1

86.6
4.5
(2)
165.1

91.8
3.9
(2)
190.9

331.5

328.6

329.2

332.1

336.0

338.8

341. 2

40.6
39.8
.3
65.1
454.8

38.5
35.5
.5
66.5
453.8

39.0
35.2
.3
65.1
453.6

37.2
37.2
.2
64.3
440.1

39.3
45.3
.3
69.8
431.9

443.7

445.5

453.8

26.6
31.2

28.7
32.6

27.8
33.3

27.9
34.7

26.4
33.9

28.9
32.7

4.4
.5
14.6

4.3
.9
14.0

4.9
.6
13.0

5.1
1.0
12.5

5.4
.7
12.7

5.3
.7
12.4

5.3
.8
11.8

8.3
22.8

6.8
24.9

6.9
27.0

8.6
28.0

10.2
28.7

12.6
27.6

14.9
25.8

16.0
24.1

48.1
38.4
9.6
125.1

46.7
37.2
9.5
109.0

45.1
36.0
9.2
105.5

47.9
37.6
10.3
108.5

46.2
35.7
10.5
114.0

48.1
36.4
11.7
122.3

45.6
« 34.9
10.7
130.4

47.1
36.1
11.0
138.4

PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
thous. cords (128 cu ft )
Consumption
do
Stocks, end of period.
do
Waste paper:
Consumption
Stocks, end of period

thous sh tons
do

WOODPULP
Production:
Total, all grades
thous. sh
Dissolving and special alpha
Sulfate
Sulflte
Qroundwood
Deflbrated or exploded screenings etc
Soda and semlchemical

tons
do
do
do
do
do
do

Stocks, end of period:
Total, all mills
Pulp mills
Paper and board mills
Nonpaper mills

do
do
do
do

Exports, all grades, total
Dissolving and special alpha
All other.

.

do
do
do

Imports, all grades, total
Dissolving and special alpha
All other

do
do
do

*• 77 103
r r74 327
7, 213

r
r

r

r

12 098

848

5 672
5,490
6, 571

6,031
6,163
6,799

6 279
6,130
7,008

6 338
6,595
6,839

6,026
6,477
6,595

5,873
6,361
6,014

6,318
6,429
5,912

6 001
5,840
6,036

6,369
6,317
6,069

809
717

762
731

842
694

828
633

905
663

872
660

885
652

880
656

'784
'699

862
669

3 919
133
2 847
186
421

3 724
'127
2 685
183
406

3 371
132
2 404
166
375

3,935
123
2 779
179
420

3 850
120
2 741
174
402

4,155
147
2 951
187
425

4,082
130
2 901
182
404

4,124
125
2 954
187
395

4,061
141
2 871
191
401

3 713
101
2 677
161
388

4,105
123
2 907
214
418

305

333

323

292

435

413

444

465

464

457

386

443

1, 158

1,041
540
448
53

1 124
635
441
49

1,113 « 1, 024
«497
«633
440
421
87
59

1,062
562
431
69

1,083
574
448
60

1,032
531
441
60

1,101
606
437
57

1,108
626
430
52

1,215
730
434
52

1, 126
620
r
449
56

1,089
605
425
59

1 2, 565

207
59
149

161
44
117

186
52
134

240
58
298

206
76
130

209
54
155

214
73
141

178
54
124

229
69
160

216
57
159

207
53
155

232
66
166

223
48
175

242
4
237

255
11
244

237
8
230

283
21
262

318
23
295

280
g
272

313
20
294

298
7
291

316
18
299

344
7
337

307
9
298

335
20
315

306
25
281

4 538
••2 098
2, 077
r
9
••354

4 940
2 249
2,287
9
396

4 800
2 147
2,236
g
408

5 394
2,392
2,511
10
481

5,194
2,284
2,438
9
463

5,155
2,271
2,405
10
469

5,172
2 286
2,426
9
451

4,630
2,066
2,148
6
409

5,079
2,233
2,369
10
468

65 456
65, 421
6, 571

5 448
5,371
6,411

6 537
6,297
6,727

5 829
5 908
6,627

10 345

784
744

871
768

3 396
87
2 436
179
389

r

731

r 43 349 r< 43 248
1 723 r 1, 583

r 33 012 r3 29 377
T
1 951
2 210
4.711 r 4, 351
r
(4)
2
736
r
3 958 •* 3, 201
1,177

r

440
637
100

1

2, 802

788

••519
r
552
87
692

i 2, 015

1

* 4, 123

i 3, 078

1

1

221

3, 902

3, 257

140

2 937

5

r

r

PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census):
721
All grades, total unadjusted thous sh tons rr 59 930 rr 52 359 rr 4 568 r5 152 '4
r
Paper .
do
26, 651
2, 080
23 295 r 1, 984 f»-2 248
Paperboard .
do
2, r146 2, r434 r 2, 223
•• 28, 017 r 24, 288
r
r H3
Wet-machine board
do
144
10
10
9
r
r
r
r
Construction paper and board
do
409
459
5, 118 r 4 663
428
Wholesale price indexes:
Book paper, A grade
1967 — 100
140 9
Paperboard
do
152 2
170 3
170 6
169.7
170 6
Building paper and board
do
127.1
131.2 131.4
128.8
123.5
r
Revised.
» Preliminary.
1
Reported annual total; revisions not allocated to the months.
» Less than 50 thousand
barrels.
a Beginning with January 1975, data for soda combined with those for sulphate;
not comparable with data for earlier periods.




r

r

178.7
179.2
179.0
172.9
174.8 175.9
177.1 178.4
170.1
171 7
171 3
141.2
141.9
141.2
140.7
136.2
139.5
137.0
136.4
131.7
133.2
131.3
4
Beginning March 1975, data for defibrated or exploded, screenings etc., not available,
not comparable with those for earlier periods. fi Data exclude small amounts of pulp because reporting would disclose the operations of individual firms.e
JMonthly revisions back to 1974 are available upon request.
Corrected.

SUEVEY OF CURRENT BUSINESS

November 1976
1974

Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the edition of 1975 BUSINESS STATISTICS

1975

S-37
197G

1975

Annual

Sept.

Oct.

NOT.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Selected types of paper (API):
Groundwood paper, uncoated:
Orders new
thous. sh. tons
Orders, unfilled, end of period . _
do
Shipments
do
Coated paper:
Orders new
do
Orders unfilled, end of period
do
Shipments
- - . . - _ . do
Uncoated free sheet papers:
Orders new
do
Shipments
do
Unbleached kraft packaging and industrial converting papers:
Orders new
do
Orders unfilled end of period
do
Shipments
do
Tissue paper production
do

1.255

1,252

1,246

1,189

3,642
296
3,832

3,212

6,355
6,938

5, 471

167

4,135

230
3,138

264

5,399
3,422
149
3,406

105
207
97

144
236
122

118
232
119

111
230
115

108
234
113

106
181
111

108
222
110

122
245
114

104
166
116

126
189
111

109
185
111

117
172
114

263
199
260

343
252
303

301
245
277

297
264
311

350
273
321

315
211
310

356
285
354

352
319
327

336
309
332

299
273
343

337
311
308

335
295
339

499
489

600
558

555
535

557
546

546
574

498
543

565
599

553
582

505
567

511
570

••473
••509

488
536

316
135
330
366

294
135
293
356

302
149
288
334

364

345

370

350

343

335

••321

365

4,187
4,086

•• 3, 979

319
149
307
322

do
do
do

9,548
9,597
143

7,679
7,727
95

510
530
237

487
518
206

379
488
137

324
365
95

370
339
126

552
484
214

812
781
225

806
792
239

812
806
245

812
823
234

814
736
312

822
801
333

760
748
345

do
do
do

3,481
3,480
25

3,614
3,613

21

298
302
38

329
336
30

310
308
33

282
294
21

330
330
21

298
298
20

326
323
23

302
303
21

308
301
28

305
308
25

286
285
26

317
313
30

292
291
31

Consumption by publishers cT
do
Stocks at and in transit to publishers, end of
period
thous sh tons

7,022

6,363

515

565

583

546

498

505

531

559

570

534

502

526

539

827

734

1,045

983

837

734

664

652

687

760

760

788

836

884

897

Imports
do
Price, rolls contract, f.o.b. mill, freight allowed
or delivered
Index, 1967 =100. .

7,399

5,847

435

394

289

316

270

302

603

645

543

610

608

613

538

151.2

184.0

184.7

184.7

184.7

184.7

184.7

184.7

190.1

193.1

197.9

197.9

202.7

203.3

205.3

205.3

342
876

482
1,165

520
1,093

563
1,198

543
1,233

482
1,165

583
1,231

578
1,268

576
1,256

582
1,232

555
1,188

505
1,214

567
1,166

522
1,105

574
1,096

487

512
1,163

550

18, 875 ••18, 209 ' 18,168 ' 18,497

17,401

Newsprint:
Canada:
Production
Shipments from mills
Stocks at mills, end of period
United States:
Production
_
Shipments from mills
Stocks at mills end of period

135

Paper board (American Paper Institute):
Orders, new (weekly avg.)
thous. sh. tons_.
Orders, unfilled 5do
Production, total (weekly avg.)
do
Paper products:
Shipping containers, corrugated and solid fiber
shipments
mil sq ft surf area
Folding paper boxes

thous sh tons
mill

556

476

1216,072

1194,329

18, 360

19,811

15,851

15, 959

17, 414

16, 705

2 560 0

2 380 0
1 755 0

214 4
157 7

227 6
168 1

191 5
141 5

208 0
155 7

206 0
153 4

188 9
142 6

1 7000

486

565

546

566

580

235 9
174 9

583

r

586

202 6
153 7

219 4
162.7

568

494

581

506

18, 220

18, 622

*• 228. 8 T 196. 0 T 223. 2
«- 172. 3 ' 150. 3 «• 170. 9

231.6
177.8

569

RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous. metric tons
Stocks, end of period
do
Imports, Incl latex and guayule thous Ig tons
Price, wholesale, smoked sheets (N.Y.)_.$ per lb_.
Synthetlc rubber:
Production..
Consumption.. _
Stocks, end of period

thous metric tons
do
do

Exports (Bu. of Census)
Peclalmed rubber:
Production __
Consumption
Stocks, end of period..

719. 05
137 54
681 32

633.60
105 38
656 60

58.04
107 05
54 29

58 74
104 91
57 15

.398

.299

.308

2 498 22 1 940 76 181 99
2,355 82 1 805.91 164 07
369. 86 368 01
618. 70

44 76
110 69
66 21

50 50
105 38
62 20

66 07

55 57

72 12

69 38

46 75

65 71

58 41

40.33

67.45

.300

.300

.308

.330

.358

.370

.388

.405

.440

.401

.405

.396

194 35
179 44
358 9-4

185 72
139 70
365 33

189 24
146 59
369 86
21 24

22 55

25 14

21 38

22 55

22.48

24.75

22.70

20.59

17 598

18 200

20 552

16 085

9 356

10 453

8 025

8,954

18 842

15 669

14, 103

13 081

11, 758

10, 345

thous Ig tons

267 12

214 50

19 28

20 64

21 15

22 57

thous metric tons
do
do

153 27
144 57
15 47

78.90
100 22
11. 66

6 36
9 26
12 02

6 46
8 17
10 35

6 58
7 26
11 56

4 22
6 99
11 66

211 390

186 705

17 878

18 821

15 212

16 215

.420

TIRES AND TUBES
Pnuematlc casings, automotive:
Production

thous

Shipments, total
Original equipment
Replacement equipment
Exports.

do
do
do
do

Stocks, end of period
Exports (Bu. of Census)

do
do

55 242
9 229

50 020
6 124

Inner tubes, automotive:
Production. _ _
Shipments.,
Stocks, end of period..
Exports (Bu. of Census)..

do
do
do
do

41 415
46 227
8 755
3 608

32 584
34 531
9 212
3 998

209
55
145
8

418
245
449
724

196
47
142
6

281
452
706
122

19 883
5 206
14 159
518

18 680
4 856
13 256

569

45 711 46 002
547
470
2 7gg
3 118

9 4.74
91 ^

3 103
3 414
9 307

455

19 327
5 553
13 394

648

467

380

279

181

184

55 395

54 837

49 125

40 259

32, 405

25, 581

*609

532

408

387

236

21. 285

2 790
3 043
9 028

3 165
3 610
8 747

2 478

3*094

1 477
2 803
7 380

1 605
3 128
6 249

2,638

14 615
4 769
9 299
'547

16 410
4 919
10 952

514

14 056
3 928
9 667
*461

47 569

50 020

53 172

529

419

482

f) qon

2 305
2 542
9 212

2 675
2 941
9 133

2 678
9 260

••Revised
1 Reported annual total; revisions not allocated to months.
c?As reported by publishers accounting for about 75 percent of total newsprint consumption.




22 225
5 812
15 946

13 854
3 988
9 352

352

300

309

539

435

283

21 843

6*054

15 142

40°

8 441
'260

*263

5,482

278

3,730

1 304

5 259

235

3,574

225

247

1,504

2,469
4 607

203

74

§ Monthly data are averages for the 4-week period ending on Saturday nearest the end of the
month; annual data are as of Dec. 31.

SURVEY OF CURRENT BUSINESS

S-38
Unleaa otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS

Annual

1976

1975

1975

1974

November 1976

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

38,564

41, 787

' 633. 9
••7.3

682.6
5.6
107.9

Sept.

Oct.

STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT

Shipments, finished cement

thous bbl

1

431, 516 1367,436

38, 941

41, 745

28,346

22, 782

17, 660

20,484

28,090

33, 128

34, 468

39, 910

570.5
7.3
109.1

625.0
6.8
118.9

501.2
5.5
95.9

440.5
7.4
76.5

343.6
5.4
65.3

457.5
8.7
69.2

589.1
8.8
106.5

640.8
7.2
100.3

589.0
6.4
100.0

643.7
6.5
107.8

c

CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglnzed (common and face)
mil. standard brick.. 6,673.0
Structural tile, except facing
thous. sh. tons..
99.7
Bewer pipe and fittings, vitrified
do
1,454.1
Facing tile (hollow), glazed and unglared
mil. brick equivalent..
96.9
Floor and wall tile and accessories, glazed and unglazed
mil sq ft
273.2
Price Index, brick (common), f.o.b. plant or
N.Y. dock..
_
1967 = 100
143.5

5, 854. 0
88.5
1, 189. 9

' 102. 3

79.1

7.2

7.0

5.8

7.3

4.7

4.9

6.5

5.1

4.4

6.0

5.8

6.1

235.6

20.3

21.5

18.3

18.5

19.1

18.6

22.9

21.3

21.4

24.6

21.1

23.7

160.5

165.6

167.5

168.7

168.7

170.1

170.9

171.7

173.2

174.3

175.2

175.7

178.3

180.7

180.9

GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments
Sheet (window) glass, shipments
Plate and other flat glass, shipments
Glass containers:
Production^

thous. $_. 543,382

467,994 131, 143

145,938

153,812

160, 827

_

76, 229 20, 172
391,765 110, 971

25,509
120,429

27,852
125,960

25,060
135 767

do
do

132,541
410, 841

283, 055

25,241

26,974

22,929

19,947

23, 843

24, 118

26,173

24,693

26, 220

26,322

25,080 ' 28,629

24, 610

do

273, 709

279, 022

23,454

23,869

20,973

22, 212

22,590

21, 546

31,382

20,415

24,083

25,270

24,597 ' 27,310

27, 618

do
do
do
do

24,491
65, 631
66,605
22, 568

25, 266
64,418
76, 835
23,406

2,929
4,723
6,512
1,906

2,009
4,762
6,365
2,320

1,590
4,747
5,481
2,060

1,643
5,785
6,000
1,937

1,965
4,422
6,402
1,874

2,026
4,429
6,222
1,679

2,907
7,497
6,771
2,620

1,973
4,754
5,824
1,504

2,252
5,324
7,482
1,702

2,307
5,954
6,967
1,955

1,868
5,919
8,009
1,502

'r 2, 624
5, 886
' 8, 187
'1,918

2,902
5,847
7,245
2,052

Wide-mouth containers:
Food (incl. packer's tumblers. Jelly glasses,
and fruit Jars)J
thous gross
Dairy products.
do

59,709
148

59, 180
107

4,844
9

5,587
11

4,687
7

4,448
10

3 4, 936
(3)

4,564

7,763

4,028

4,265

4,935

4,657

5,668

6,122

Narrow-neck and Wide-mouth containers:
Medicinal and toilet
do
Chemical, household and industrial
do

30,231
4,326

25,775
4,035

2,170
361

2,435
380

2,091
310

2,097
292

2,508
483

2,257
369

3,351
473

2,045
287

2,517
541

2,761
391

2,305
337

r 2, 624
'403

3,059
391

37, 500

37,666

35,C28

38,618

40,391

37, 666

38,598

40, 815

35,483

33,497

41,626

41,773

41,735 ' 42,468

38, 921

1 11,999
H0,993

1
9,751
1

9,181

2,791
2,444

2,773
2,366

865
787

753
722

883
916

970
880

946
842

991
932

1,085
959

do

7,424

5,448

1,537

1,474

396

486

335

332

676

484

490

do

5,262

4,878

1,343

1,451

379

247

312

392

441

430

539

do

322

293

73

79

26

23

27

28

26

25

24

215
416
12,852
260
359
237
9,408
2,421
168

176
360
10, 804
182
292
198
8,214
1,790
127

47
96
2,934
51
85
56
2,247
462
35

43
85
2,929
49
79
56
2,250
462
33

13
21
901
14
23
17
686
149
12

13
25
864
13
22
17
661
139
12

17
31
1,125
18
32
23
859
177
16

14
29
1,036
14
26
23
795
162
17

13
26
987
14
28
22
757
149
16

15
29
1,144
18
31
26
882
170
18

15
31
1,167
16
34
25
896
178
17

thous. gross.. 280,397

Shipments, domestic, totalf
Narrow -neck containers:
Food
Beverage
Beer.
Liquor and wine

Stocks, end of period!

do

GYPSUM AND PRODUCTSf
Production:
Crude gypsum (exc. byproduct)
Calcined (exc. byproduct) ...

thous sh tons
do

Imports, crude gypsum (exc. byproduct)
Bales of gypsum products:
Uncalclned
Calcined:
Industrial plasters
Building plasters:
Regular basecoat
All other (Incl. Keene's cement)
Board products, total
Lath
.
Veneer base. _
Gypsum sheathing
Regular gypsum board
Type X gypsum board
Predecorated wallboard

do
do
mil. sq. ft..
do
do
do
do
do
do

TEXTILE PRODUCTS
FABRIC (GRAY)
Knit fabric production off knitting machines (own
use, for sale, on commission), qtrly*
mil Ib
Knitting machines active last working day* thous
Woven fabric (gray goods), weaving mills:
Production total 9
mil linear yd
Cotton
"
do
Manmade
fiber
do
Stocks total end of period 9 c^
do
Cotton
"
do
Manmade
fiber
do
Orders, unfilled, total, end of period 9 1f._,_do_..
Cotton
do
Manmade
fiber
do
COTTON
Cotton (excluding llnters):
Production:
Ginnlngs/^
thous running bales
Crop estimate
thous net weiuht bales (T)

2011 3
46 6

1 952 1
47 1

11 054
4 ggy
5 977
1 290

9 777
4 326
5 356
I flQQ

1,797
713
1 071

489
605
2,590
1 144
1 414

* 11 328
4 11 537
6* 617

5
8 151
5 g 2969
6 14

560
725

526 3
48 5
j i QCI

1 i ^j.
506
644
2,582
1 126
1 428

I nnc

1 OR7

497
594
2,608
1 077
1 501

488
595
2,581
1 019
1 531

1 099
489
605
2,590
1 144
1,414

882
373
502
i lAft
528
6Q6
2,551
1 116
1 403

373

2 767

5 794

7 603

8 055

531

2 6g3

550

QflQ

349
4KA

2 447
2 595

8^4.

2 QRft

352
474

2 388

Stocks In the United States, total, end of period 9
^
thous. running bales . .
9,528 12,684 11,759 10,608
Domestic cotton , total
do
11,476
2,037
945
6,721 3,573
8,728
On farms and in transit
do
6,000
4,045
8,413
Public storage and compresses
do
7,431 2, 910
1,035
1,026
993
1,152
1,037
Consuming establishments.
do
2
' Revised.
i Annual total; revisions not allocated to the months or quarters.
Data
cover 5 weeks; other months, 4 weeks.
' Effective January 1976, "dairy products" are
included in "Food, wide-mouth containers."
« Crop for the year 1974.
* Crop for the
year 1975.
• Nov. 1 estimate of 1976 crop.
0 Bales of 480 Ibs.
New series. Source: BuCensus. Data cover warp and weft knit yard goods and knit
garment lengths, trimmings, and collars: no quarterly data prior to 1974 are available.
{Monthly revisions for Jan.—Mar. 1975 are available.
9 Includes data not shown
separately.




2 589

2

624

511 1
47.2

497 4
48 1

509 8
47 1

570

Qft7

2 i 1Q1

375
522
1 1 90
488
630
2,605
1 134
1 425

2 466
2
62°
1 115
*472
638
2,723
1 294
1,382

559

'8, 151
58 296
2 712

847
356
482
1 090
448
638
2,731
1,277
1,410

542

884
369
505
1 068
410
653
2,776
1,224
1,512

552

r 654
21 086
845
343
258 •
459
492
'389
615
1 177
112 r 1 132
419
397
398
753
'729
709
,597 ' 2 422 2,230
923
M02
,108
,455 ' 1, 387 1,275

2 692

47

'374

C

445

'524

2626

573

3,704
• 9, 891

3 594 12 825 11 765
4 301
6 194
5 244
6 Q99
8 7flfi
3, 545 12,781 11,731
5,200
4,258
6,147
9,528
8,689
8,041 6,903
9,401
9,861
176
150
208
284
360
945
698
710
1,403
1,842
2,215
2,838
3,694
4,460
5, 322
7,431
6,114
6,870
927
1,078
1,244
1,180
1,298
1,297
1,152
1,121
1,327
1,217
^Stocks (owned by weaving mills and billed and held for others) exclude bedsheetmg,
toweling, and blanketing, and billed and held stocks of denims.
^Unfilled orders cover wool apparel (including polyester-wool) finished fabrics; production
and stocks exclude figures for such finished fabrics. Orders also exclude bedsheeting, toweling,
and blanketing.
ACumulative ginnings to end of month indicated.
tBeginmng Jan.
c
1976, data are shown on a monthly basis.
Corrected.

SUEVEY OF CURRENT BUSINESS

November 1976
1974

Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS

1975

Annual

S-39
1976

1975
Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

TEXTILE PRODUCTS—Continued
COTTON AND MANUFACTURES— Con.
Cotton (excluding linters)— Continued
Exports
thous running bales
Imports
thous. net-weight 0) bales
Price (farm), American upland
cents perlb_.
Price, Strict Low Middling, Grade 41, staple 34
(IMe"), average 10 markets
cents per lb._
Spindle activity (cotton system spindles):
Active spindles, last working day, total
mil..
Spindle hours operated, all fibers, total
bil._
Average per working day _
do .
Consuming 100 percent cotton
do
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly.)
_
.mil. lin. yd
Orders, unfilled, end of period, as compared with
avg. weekly production
No. weeks' prod..
Inventories, end of period, as compared with
avg. weekly production
No. weeks' prod_.
Ratio of stocks to unfilled orders (at cotton
mills), end of period
Exports, rawcottonequiv-thous.net-weight0bales
Imports raw cotton equiv
do
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly:
Filament yarn (acetate)
mil Ib
Staple, incl. tow (rayon) _ _ .
do
Noncellulosic, except textile glass:
Yarn and monofilaments
do
Staple, incl. tow
do
Textile glass
fiber
do
Fiber stocks, producers', end of period:
Filament yarn (acetate)
mil Ib
Staple incl tow (rayon)
do
Noncellulosic fiber, except textile glass:
Yarn and monofilaments
do
Staple incl tow
do
Textile glass
fiber
do
Manmade fiber and silk broadwoven fabrics:
Production (qtrly.), total 9
mil. lin. yd._
Filament yarn (100%) fabrics 9
do
Chiefly rayon and/or acetate fabrics
do
Chiefly nylon fabrics
do
Spun yarn (100%) fab exc blanketing 9 do
Pvayon and/or acetate fabrics blends
do
Polyester blends with cotton
do
Filament and spun yarn fabrics
do
Manmade fiber gray goods, owned" by weaving
mills:
Ratio, stocks to unfilled orders, end of period
Prices, manufacturer to mfr., f.o.b. mill:*
50/50 polyester/carded cotton printcloth, gray,
48", 3.90 yds./lb., 78x54-56
$ per yd~
65% poly./35% comb. cot. broadcl., 3.0 oz/sq yd,
45", 128x72, gray-basis, wh. permpresfin.
$ per yd
Manmade fiber knit fabric prices, f.o.b. mill:*
65% acetate/35% nylon tricot, gray, 32 gauge, 54",
3.2 oz. /linear yd
$ per yd
100% textured polyester DK jacquard, 11 oz./
linear yd., 60", yarn dyed, finished $ per yd
Manmade fiber manufactures:
Yarn tops thread cloth
Cloth woven
Imports manmade fiber equivalent
Yarn, tops thread cloth
Cloth, woven

do
do
do
do
do

Apparel total
do
Knit apparel
do
WOOL AND MANUFACTURES
Wool consumption, mill (clean basis):
Apparel class
mil Ib
Carpet class
do
Wool imports clean yield
do
Duty-free (carpet class)
do
Wool prices, raw, shorn, clean basis, delivered to
U.S. mills :d"
Domestic— Graded territory, 64's, staple 2%"
and up
cents per lb_.
Australian, 64's, Type 62, duty-paid
do
Wool broadwoven goods, exc. felts:
Production (qtrly )
mil lin yd

3 840
50
49. 9

258
19
47.2

226
1
49.7

176
1
49.5

237
6
49.6

214
3
50.5

141
3
51.7

381
37
52.8

302
9
50.2

327
3
57.1

315
6
68.0

276
3
71.4

274
1
60.4

U1.7

!58.0

50.7

50.4

50.9

55.1

57.2

57.0

55.5

57.2

62.1

72.7

78.7

17.3
8.8
106.2
.408
55 5

17.1
8.0
93.2
.352
46 5

16.9
8.3
8.1
.403
4 0

17.1
8.4
2 10.5
.421
25 2

17.1
8.3
8.4
.418
41

17.1
8. 0
29.4
.378
2
4 4

17.1

17.2

17.1

17.1

17.1

17.1

8.7
.435
4.0

8.6
.428
3.9

2 10.8
.431
2 5.0

8.5
.426
3.9

8.6
.432
4.0

U0.5
422
24.9

17.0
7. 7
6.9
.344
31

4,714

4,095

1 051

3 13.8

8

13.3

12.9

14.6

13.6

12.3

5.0

4.8

4.6

4.1

.31
48.0
69.6

.30
41.1
57.9

5 170
46
142.7

«3.9

6

12. 3

»5.9
8

13.3

1,164

12.5

12.8

4.9

4.8

5.3

15.9
5.5

4.6

^62.5

73.2

72.3

77.0

r 16.9

16.9

'8.2
.410
37

29.7
.390
24.4

17.6

12.0

12.3

3.9

5.7

4.3

4.3

.32
47.8
61.3

.32
39.0
55 5

.36
39.0
51 7

.35
45.8
51.6

r

1 169

1,200

14.0

342
5
64.5

r

s .30
531.5
668.4

.50
488.3
487.1

40
41.0
43 9

361 6
645.4

301 3
370.9

87 0
105 8

82 7
132.0

81 8
116 6

79.0
115.9

* 3 431 1
2 780.6
682 9

3 197.2
2,676.8
546 5

923 4
791 5
141 0

925.8
854.7
156 2

897 3
851.9
159 2

797.5
807.0
164.5

39 2
73 9

18 6
51.2

19 8
44 9

18 6
51.2

20 4
50.7

18.4
37.1

20 5
36.8

18 7
32 7

18.0
27,6

390 7
321 3
98 1

280.6
234 7
101 7

266 9
222 4
95 1

280.6
234.7
101.7

359.5
296 4
95.2

344.6
285.6
85.3

299 5

* 296 3

303 7

5,278.3 1,369.3
1, 688. 0
408 5
325.3
76 6
279 0
65 9
3, 036. 5
806 8
172 4
43 1
2, 359. 5
637 9
257.1
70 3

1505.1
462.0
82.7
63.2
877.4
51 9
690.9
83.0

1,593.2
521.2
91.5
81 8
5
930. 4
51 6
732.0
66.6

1,551.3
501.4
93.5
88.9
916.8
45.3
693.5
64.7

4

5,923.3
1 962 7
'431.5
346 0
3 308 8
294 5
2 381 2
329 8
3.20

3.33

.38
49.8
63.9

.40
41.6
69 5

.25

.24

.23

.28

.34
39.9
77 5

.38
42.8
75.7

.37
41.6
60.9

.32
54.6
76.1

.27

.28

.27

.26

.28

.29

.34

.403

.399

.419

.425

.421

.429

.428

.415

.418

.658

.665

.678

.706

.725

.738

.738

.738

.758

.767

.518

.503

483

.458

.433

.406

.393

.378

.350

.300
1.834

.26

1.936

1.899

1.866

1.866

1.846

26 13
15.44
10.95
10 69
36.38
7.28
5.66
29 10
24.27
15.57

27 22
15.77
10.99
11 45
29.56
5.57
4.43
23 98
20.47
12.94

32 09
18 54
13 65
13 55
36 71
6 82
5 05
29 89
25 68
15.31

29 11
16.54
12.52
12 58
35.57
6.80
5.33
28 77
24.48
14.80

30 14
17.35
11.85
12 79
38.84
6.23
4.74
32 61
28.66
18.52

29 91
16.87
12.17
13 05
47.48
6.89
5.24
40 59
35.84
23.47

25 99
14.76
9.59
11 23
54.32
8.12
6.18
46 19
41.70
27.06

25 59
13.91
9.69
11 68
46.68
7.18
5.52
39 50
34.41
21.32

31.78
17.78
12.28
14.00
41.67
7.55
6.00
34 12
29.88
16.94

9.3
1.3
4.4
1.5

8.9
1.2
5.8
1.2

8.7
1.2
5.3
1.2

2 212 0
14
5 6
2 1

9.1
.9
5.9
1.7

8.8
1.0
4.7
1.3

2 11.1
21.4

3.9
2.0

7.3
.9
4.8
2.1

7.6
1.4
5.7
1.7

4.6
1.7

177.5
205.0

177.5
205.5

177.5
206.0

173.5

176.2

177.5
212.4

177.5
213.5

182.5
213.5

182.5
216.5

187.5
224.2

390 73
224.11
150. 34
166 63
371. 25
76.22
55.71
295 03
251.98
175.34

323 73
188. 43
142. 89
135 30
400. 38
69.23
54.02
331 14
2«9. 00
194. 89

29 20
17 03
12 87
12 17
37 88
5 64
4.20
32 23
28.79
19.70

32 31
18 70
14.89
13 61
40^92
6.52
5.11
34 39
31.17
20.51

28 62
16.37
12.57
12 24
34.99
6.73
5.31
28 26
24.50
16.59

74.9
18 6
26.9
15 2

94.1
15.9
33.6
17 0

8.1
13
2.9
13

2 210.3
1.5
4.9
2.5

7.8
1.3
4.0
1.9

176.0
242.8

150.2
205.8

172.5
198.5

172.5
197.3

172. 5
206.0

81.0

78 9

20 4

21.7

26 0

26.0

939.1

834.0

223.8

221.7

221.7

234.4

20 476
190 264
30 519
17 182
4,367

18 427
173 385
32 100
18 323
4.292

2 788
16 568
2 267
1 839
460

28 55
16.92
12.50
11 64
33.67
6.37
5.08
27 30
23.00
14.24

3
2

192.5
232.5

FLOOR COVERINGS
Carpet, rugs, carpeting (woven, tufted, other), shipments, quarterly
.mil. sq.yds..
APPAREL
Women's, misses/ junior's apparel cuttings:*
C oats
thous units
Dresses
do
Suits (incl pant suits jumpsuits)
do
Blouses
thous dozen
Skirts
._
do

2
17
2
2

837
639
700
009
580

2 028
10, 685
2 120
1 738
464

r
2
Revised.
v Preliminary.
1 Season average.
For 5 weeks, other months, 4 weeks.
3
Monthly average.
* Effective Sept. 1976 SURVEY, data omit production and stocks of
saran and spandex yarn; for 1975, such production totaled 11.7 mil. Ibs.
s Effective 1976, production of blanketing is included in 100% spun yarn fabric; prior to 1976
production of such fabric (totaling 15.5 mil. yd., 4th qtr. 1975) is included in "all other
group," not shown separately.
• Season average to Apr. 1,1976.
9 Includes data not shown separately.
Q) Net-weight (480-lb.) bales.
d" Effective Jan. 1976, specifications for the price formerly designated fine good French




2,181
1 858
2 242
2 012
2 672 r 1 918
1 578
1 785
2 118
12 134 14 981 16 570 20 219 17 925 16, 679 16, 560 r 12,651 14, 330
2,014
1, 91 '.
2 215
2 024
1 719
2 394
1 656
1 760
2 550
1 464
1 544
1 738 r i 340
1 909
2 052
1 471
1 531
2 039
815
756
884
721
787
665
884
468
732
combing and staple have been changed as shown above. Effective with the May 1976 SURVEY
the foreign wool price is quoted including duty.
* New series. Apparel (BuCensus)—Annual totals derived from firms accounting for 99%
of total output of these items; monthly estimates, from smaller sample. Coats exclude all
fur, leather, and raincoats. Suits omit garments purchased separately as coordinates. Except
for the year 1974, earlier monthly data are available, except for suits. Prices (USDL, BLb)—
Data not available prior to 1976.

SURVEY OF CURRENT BUSINESS

S-40
1974

Unless otherwise stated in footnotes below, data
through 1974 and descriptire notes are as shown
in the 1975 edition of BUSINESS STATISTICS

| 1975

Annual

November 1976
1976

1975

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

TEXTILE PRODUCTS—Continued
APPAREL— Con.
Men's apparel cuttings:
Suitst
thous. units
Coats (separate) dress and sportj
do
Trousers (separate) dress and sport J
do
Slacks (Jeans-cut), casual^
thous. doz
Shirts dress sport inc knit outerwearj
do
Hosiery shipments
thous doz. pairs

1

16, 754
118 558
1 156 559
* 12, 294
<36 498
217,905

al

1 211
12, 976
oi 10 634
776
Cl
117 178 8 975
1 039
i 12 167
2 490
i 32 013
225 514 20*347

1 489
1 364 1,227
1 023
875
816
6 667
9 196
8 009
968
1 212 1 088
2 962
2 561 2 149
21 806 19 070 16 853

1,453
1,246
1,396
1,478
1 052 1 024 1 020 1,055
9,641
8,831 10, 224
9 567
1,321
1,117
1 017 1,056
2,823
2 629
2 736
2 853
17 790 17 654 20, 811 19, 022

1,364
1 137
9,096
1,135
2 611
20 003

••783
1,292
1,362
r
813 1,091
1 152
7,671
9 010 »• 6, 220
'965
1,241
1,050
2,687
2 723 r 2,007
22, 373 21,384 22,034

21, 017

TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
mil. $..
do
do
do
do

32, 704
19,390
30,239
26, 849
15, 196

28,995
18,593
26,647
29,473
17, 314

8,584
5,788
7,832
7,580
4,803

7,990
5,269
7 580
7 508
4 446

6,699
4,791
6,236
7,350
4,318

8,292
4,239
7,306
8,315
5,087

Backlog of orders, end of period?
do
U.S. Government
do
Aircraft (complete) and parts
do
Engines (aircraft) and parts
_do
Missiles, space vehicle systems, engines, propulsion units, and parts
mil. $
Other related operations (conversions, modifications), products, services
mil. $..

35, 516
20, 889
15, 489
3,902

35,038
22, 168
15,389
3,503

34,556
21,345
14, 171
3,824

35 038
22 168
15,389
3 503

34, 387
22,641
14, 139
3,777

34, 364
21, 793
14, 152
3,067

Orders, new (net), qtrly. total
U.S. Government
__
Prime contract
Sales (net), receipts, or billings, qtrly. total
U.S. Government

Aircraft (complete):
Shipments
.
Airframe weight
Exports, commercial.-

6,643

6,415

6,570

6 415

6,160

5,559

3,591

4,071

4,039

4 071

4,026

5,215

4,976
65, 573
3,360

5,062
60,480
»3,200

291.2
3,379
237.6

430.7
4,966
316.3

301.2
3,677
177.7

456.2
5,512
224.7

264.5
3,162
160.1

306.1
3,926
229.0

437.2
4,780
258.8

507.5
5,294
213.9

493.9
5,324
321.9

414.3
4,452
422.7

324.5
3,400
289.6

288.3
3,085
259.5

7,331
6,721
8,867
7,454
1,413

6,713
6,073
8,640
7,053
1,587

667. 5
605.7
726
591
136
9.0
7.5
1.6

745.6
673.4
889
774
115
9.1
7.6
1.5

605.9
538.4
744
655
89
8.8
7.6
1.2

579.5
528.2
701
600
102
9.4
8.0
1.4

647.4
606.1
679
588
91
9.6
8.4
1.2

682.0
630.1
758
651
107
10.2
8.8
1.4

834.5
767.9
947
816
131
10.8
9.4
1.4

789.0
724.4
914
788
126
10.3
8.9
1.4

775.6
711.0
922
794
128
10.2
8.6
1.6

850.1
786.4
956
830
127
10.0
8.7
1.3

558.8
524.4
865
737
128
10.1
8.7
1.4

518.4 2652.1 2690.2
483.1
595.2
869
792
762
731
645
616
138
147
146
9.4
10.5
9.9
7.6
8.2
8.9
1.9
1.6
1.7

1,672
1,755
2.6

1,419
1,508
2.6

1,513
1,608
2.6

1,484
1,589
2.5

1,443
1,530
2.4

1,419
1,508
2.3

1,520
1,486
2.1

1,567
1,472
2.0

1,587
1,475
1.9

1,609
1,491
2.0

1,608
1,467
2.0

1,660
1,501
2.1

1,455
1,436
2.0

1,394
1,547
2.1

thous.. 600.90
do
516. 59
2, 572. 6
do
do
817.6
do
i 4 8,701
14
do
1,369

640. 30
550. 81
2, 074. 7
733.8
4 8, 262
4 1,501

53.60
49.61
139. 41
56.16
*738. 9
4143. 6

64.69
54.72
177. 92
74.01
4799. 2
4120. 8

74.21
64.90
179. 64
66.41
4632. 6
480.7

59.49
43.95
215. 93
61.93
4820.9
4100.7

51.87
45.45
35.38 44.32
242. 63 197. 78
70.05
62.15
4 676. 7 4634.5
489.3 487.3

65.01
54.84
250. 65
74.70
>763.9
»102. 4

69.02
61.42
252. 62
85.21
•883.7
»130. 2

70.13
62.48
221.88
77.01
•914. 0
»117. 8

64.11
56. 88
261.67
90.27
4936. 9
4127. 2

39.58
32.42
174. 79
44.47
4939. 2
4129. 2

229.1
207.2

236.1
211.6

195.8
175.6

193.4
170.6

208.6
191.8

232.2
214.0

275.8
252.1

268.2
244.0

267.2
243.1

291.3
267.4

261.1
243.9

249.8
231.2

230.9 a 209. 6
210.8

195.5
14.7
8.6

198.2
15.4
8.6

192.1
13.1
8.0

210.2
11.3
7.8

217.8
14.0
8.5

232.2
13.2
8.3

245.4
14.2
8.5

226.8
12.6
9.4

213.4
12.8
9.6

230.8
13.9
9.5

226.4
13.5
11.0

241.2
14.8
10.8

251.4
16.2
13.3

211.0
11.2
9.2

546.6
14.85

531.3
18.44

500.6
15.29

601.6
20.27

479.0
15.42

479.7
15.84

497.7
17.22

516.4
20.02

629.0
18.54

662.8
19.91

564.1
16.21

652.9
14.81

583.5
13.72

539.9

62.03

74.99

do
thous. l b _ _
mil $

199.4
2,669
120.1

MOTOR VEHICLES (NEW)
Passenger cars:
Factory sales (from U.S. plants), total
thous..
D omestic
do
Retail sales, total, not seasonally adj
do ..
Domestics A
do
ImportsA
do
Total, seas, adjusted at annual ratef
mil.
DomesticsA t
do
ImportsA t---do
Retail inventories, end of mo., domestics:A
Not seasonally adjusted
thous._
Seasonally adjusted!
do .
Inventory-retail sales ratio, domestics A t
Exports (BuCensus), assembled cars
To Canada
.
Imports (BuCensus) complete units
From Canada, total
Registrations O, total new vehicles
Imports, incl. domestically sponsored

1,415
1,509
2.2

1,364
1,468
2.3

53.64
31.56
47.15
27.84
168.90 173. 10
50.54
67.10
4
848. 1 4 749. 3
4 136. 3 4 143. 3

Trucks and buses:
Factory sales (from U.S. plants), total
thous..
2,727
2,272
2,470
Domestic
.
do
2,003
Retail sales, seasonally adjusted:*
Light-duty, up to 14,000 Ibs. GVW
do ... 2,183.9 2, 076. 0
Medium-duty, 14,001-26,000 Ibs. GVW
do....
224.1
168.9
Heavy-duty, 26,001 Ibs. and over GVW ...do
178.6
106.1
Retail inventories, end of period, seasonally adjusted*...
.
thous
597.6
485.7
214. 44
Exports (BuCensus), assembled units
do
223. 47
Imports (BuCensus), including separate chassis
660.1
and bodies
thous
466.3
Registrations©, new vehicles, excluding buses not 1
* 2, 657 * 2, 397
produced on truck chassis
thous

32.95

40.54

38.70

58.65

69.24

60.12

80.05

80.04

70.65

71.65

56.33

4219. 5

4236. 3

4191. 4

4241. 2

4205. 0

4194. 6

»233. 3

»271. 0

>276.8

4280.9

4286.6

4285.9 4 266. 3

Truck trailers and chassis, complete (excludes detachables), shipments
number-- 207,883
Vans
do
137, 479
!16, 359
Trailer bodies (detachable), sold separately.... do
14, 922
Trailer chassis (detachable) sold separately do

73,063
39, 774
i 8, 072
2,936

5,616
3,137
397
78

7,680
4,489
960
112

4,904
2,719
967
181

5,725
3,503
1,020
161

5,220
3,129
436
25

8,105
4,704
837
32

8,694
5,532
1,071
214

8,682
5,156
907
298

8,087
4,673
523
236

9,428
5,297
470
481

8,175
4,731
413
474

' 9, 360
5,412
••186
549

9,123
5,490
419
446

72,367
65,845
33, 984
32, 259
40, 135
34,025

5,521
4,854
815
815
49, 612
41, 525

6,657
5,853
7,405
7,005
48, 540
40, 857

5,757
5,022
3,014
3,014
45, 741
38, 793

7,426
6,388
4,049
4,049
40,135
34,025

5,102
4,429
4,275
1,525
39,172
30,985

4,787
4,069
1,587
1,587
35,817
28,348

5,555
4,819
1,867
1,666
32, 161
25,227

5,118
4,401
1,782
1,782
28, 794
22,577

4,765
4,144
1,262
1,262
25, 247
19, 695

4,078
3,495
2,083
2,083
23,549
18,580

2,965
2,555
1,552
1,202
22, 193
17, 284

3,391
2,841
4,984
4,584
23, 783
19,024

3,960
3,458
6,427
5,227
26, 082
20, 625

1,359
8.6
99.09
72.89

1,362
8.2
98.70
72.47

1,357
8.5
98.53
72.59

1,358
8.6
98.81
72.77

1,359
8.6
99.09
72.89

1,364
8.7
99.43
72.91

1,362
8.7
99.65
73.14

1,351
8.5
98.98
73.28

1,347
8.5
98.87
73.38

1,344
8.4
98.85
73.54

1,343
8.5
98.78
73.55

1,345
8.7
99.05
73.65

1,341
8.8
98.92
73.74

1,341
9.0
99.04
73.84

RAILROAD EQUIPMENT
Freight cars (new), for domestic use; all railroads
and private car lines (excludes rebuilt cars and
cars for export) :
Shipments
number i 67, 038
Equipment manufacturers
.do
i 63, 243
1
New orders.. .
do
97, 929
Equipment manufacturers
do
i 85, 276
Unfilled orders, end of period
do
90, 216
Equipment manufacturers
do
79,009
Freight cars (revenue), class 1 railroads (AAR):§
Number owned, end of period
thous. .
Held for repairs, % of total owned
Capacity (carrying), total, end of mo. .mil. tons..
Average per car
tons..

1,375
6.4
98.32
71.49

2
* Revised.
1 Annual total includes
revisions not distributed by months.
Estimate
3
of production, not factory sales.
Excludes 2 States.
* Excludes 1 State.
JAnnual figures, "Apparel 1975," MA-23A(75)-1.c Survey expanded and classification
changed; not comparable with data prior to 1974.
Corrected.
9 Total includes backlog for nonrelated products and services and basic research.
tRevised seasonally adjusted data (1971-74) are shown on p. 5 of the Mar. 1976 SURVEY.
ADomestics include U.S.-type cars produced in the United States and Canada; imports
cover foreign-type cars and captive imports, and exclude domestics produced in Canada.
O Courtesy of R. L. Polk & Co.; republicaticn prohibited.




§ Excludes railroad-owned private refrigerator cars and private line cars.
*New series. Source: Motor Vehicle Manufacturers Assn. of the U.S. (seas, adjustment
by BEA). Sales exclude figures from a few small producers. Motor coaches are not covered.
Sales include imports of U.S. manufacturers only (all other imports are not covered). Stocks
are as reported by six manufacturers. Therefore the levels of sales and stocks are not strictly
comparable. Units refer to complete vehicles and to chassis sold separately. Gross vehicle
weight refers to the weight of the vehicle with full load. Seasonally adjusted monthly data
back to 1971 are available.
° Excludes leisure-type; not strictly comparable with 1974.

INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade

1-7
8,9
10,11
11-13

Labor force, employment, and earnings
Finance
Foreign trade of the United States
Transportation and communication

13-17
17-22
22-24
24-25

Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products

25, 26
26
27-30
30

Lumber and products
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products

31
31-34
34-36
36,37

Rubber and rubber products.. . .
Stone, clay, and glass products
Textile products.
Transportation equipment

37
38
38-40
40

Earnings, weekly and hourly
15,16
Eating and drinking places
12,13
Eggs and poultry
3, 8,9,29
Electric power
4,9,26
Electrical machinery and equipment
5,6,
7,9,14,15,20,23,24,34
Employment
13,14
Expenditures, U.S. Government
13,19
Explosives
26
Exports (see also individual commodities)
1, 3,22-24
Failures, industrial and commercial
7
Farm income, marketings, and prices
2,3,8,9
Farm wages
16
Fats and oils
9,23,29,30
19
Federal Government finance.
17
Federal Reserve banks, condition of. . .
17
Federal Reserve member banks
9,25
Fertilizers
11
Fire losses
29
Fish..
;
31
Flooring, hardwood. . . .x
28
Flour, wheat
Food products
1,4,6,8,9,14-16,20,22,23,27-30
Foreclosures, real estate.
11
Foreign trade (see also individual commod.)
22-24
Freight cars (equipment)
40
Fruits and vegetables
8,9
Fuel oil
35,36
Fuels
4,8,9,23,34-36
Furnaces
34
Furniture.,
5,9,12-15

INDIVIDUAL SERIES
Advertising
11,16
Aerospace vehicles
40
Agricultural loans
17
Air carrier operations
24
Air conditioners (room)
34
Aircraft and parts
7,40
Alcohol, denatured and ethyl
26
Alcoholic beverages
11,27
Aluminum
33
Apparel
1,4,8,9,11-16,40
Asphalt
:... 35,36
Automobiles, etc
1,4, 5,6,8,9,11,12,20,23,24,40

Gas, output, prices, sales, revenues.
Gasoline
Glass and products
Glycerin
Gold
Grains and products
Grocery stores
Gross national product
Gross national product, price deflators
Gross private domestic investment
Gypsum and products

Balance of international payments
3
Banking
17,18
Barley
27
Battery shipments.
34
Beef and veal
28
Beverages
9,11,22,23,27
Blast furnaces, steel mills
5-7
Bonds, outstanding, issued, prices, sales, yields
20, 21
Brass and bronze
33
Brick
38
Building and construction materials.
4, 6,
7,11,31,38
Building costs
10,11
Building permits
10
Business incorporations (new), failures
7
Business sales and inventories
5
Butter
27

Hardware stores
12
Heating equipment
9,34
Hides and skins
9,30
Highways and roads
10,11
Hogs
28
Home electronic equipment
9
Home Loan banks, outstanding advances
11
Home mortgages
11
Hosiery
40
Hotels and motor-hotels
.
25
Hours, average weekly
15
Housefurnishings
1,4,5,8,11,12
Household appliances, radios, and television sets.
4,
8,9,12,34
Housing starts and permits
10

Cattle and calves
28
Cement and concrete products
9,11,38
Cereal and bakery products
9
Chain-store sales, firms with 11 or more stores. ..
13
Cheese
27
Chemicals
4,6,9,14-46,20,23,25, 26
Cigarettes and cigars
30
Clay products
9,38
Coal
4,9,23,34,35
Cocoa
23,29
Coffee
23,29
Coke
35
Combustion, atmosphere, heating equipment
34
Communication
2,20,25
Confectionery, sales.
29
Construction:
10
Contracts
Costs
10,11
Employment, unemployment, hours, earnings. 13-16
1
Fixed investment, structures
Highways and roads
Housing starts
10
Materials output indexes
10
New construction put in place.
Consumer credit
18
Consumer expenditures
Consumer goods output, index
4
Consumer price index
8
Copper
33
Corn.. .. .
27
8
Cost of living (see Consumer price index)
Cotton, raw and manufactures
8,9,22,38,39
Cottonseed oil
30
Credit, short- and intermediate-term
18
Crops
3,8,27,28,30,38
Crude oil
4, 35
Currency in circulation
20

..;..: 10,11
11
i

Dairy products
Debits, bank..
Debt, U.S. Government
Deflators, GNP
Department stores
Deposits, bank
Dishwashers
Disputes, industrial
Distilled spirits
Dividend payments, rates, and yields
Drug stores, sales




3,8,9,27
17
19
2
12,13
17, 20
34
16
27
2,3,20, 21
12,13

4, 9,26
1,35
38
26
19
8,9,22,27,28
12,13
1
2
1
9,38

Imports (see also individual commodities)... 1,3,23,24
Income, personal
2, 3
Income and employment tax receipts
19
Industrial production indexes:
By industry
,
,
4, 5
By market grouping
4
Installment credit
13,18
Instruments and related products
5, 6,14,15
Insurance, life... ,
19
Interest and money rates.
18
Inventories, manufacturers* and trade
,. 5-7,11,12
Inventory-sales ratios
5
Iron and steel
5,9,11,20,23,31,32
Labor advertising index, stoppages, turnover
16
Labor force
13
Lamb and mutton
28
Lead
33
Leather and products
4,9,14-16,30
Life insurance
19
Livestock
3,8,9, 28
Loans, real estate, agricultural, bank, brokers*
(see also Consumer credit)
11,17,18,20
Lubricants.
35,36
Lumber and products
5,9,11,12,14,15, 20,31
Machine tools
34
Machinery
5,6,7,9,14,15,20,23, 24,31
Mail order houses, sales
12
Man-hours, apfjjegate, and indexes
15
Manmade fibers and manufactures
9,39
Manufacturers* sales (or shipments), inventories,
orders
5-7
Manufacturing employment, unemployment, production workers, hours, earnings
14-16
4, 5
Manufacturing production indexes
29
Margarine
Meat animals and meats
3, 8,9,22, 23, 28,29
8
Medical and personal care
Metals
4-7,9,14,15, 20,22, 23, 31-33
27
Milk
Mining and minerals
2, 4,9,14-16,20
19,20
Monetary statistics
20
Money supply
Mortgage applications, loans, rates
11,17, 18,10
24
Motor carriers
Motor vehicles
1,4,5,6,8, 9,11,20, 23,40

National defense expenditures
1,19
National income and product
1,2
National parks, visits
25
Newsprint.
23,37
New York Stock Exchange, selected data
21,22
Nonferrous metals
5,6, 7,9,20,23,33
Noninstallment credit
18
Oats
Oils and fats.
Orders, new and unfilled, manufactures*
Ordnance
,

27
9,23,29,30
7
14,15

Paint and paint materials
Paper and products and pulp

9,26
4,6,
9,14-16,20,23,36,37
Parity ratio
8
;
Passenger cars
1,4, 5, 6,8,9,11,12/20,23,24,40
Passports issued
,
25
Personal consumption expenditures
1
Personal income
2,3
Personal outlays
2
Petroleum and products
. . . 4,6,
8,9,14,15,20,23.35,36
Pig iron
31, 32
Plant and equipment expenditures
2
Plastics and resin materials
26
Population
13
Pork
.'.'..'.'.'.'I 28,29
Poultry and eggs
3,8,9,29
Price deflators, implicit, GNP
2
Prices (see also individual commodities)
8,9
Printing and publishing.
4,14-16
Private sector employment, hours, earnings...... 13-16
Profits, corporate
2, 20
Public utilities
2,4,10,20,21, 26
Pulp and pulpwood
36
Purchasing power of the dollar
9
Radio and television
4,11,34
Railroads
2, 16, 17, 21, 24, 25, 40
Ranges
,
34
Rayon and acetate
39
Real estate. .
11,17,19
Receipts, U.S. Government
19
Recreation
,
8
Refrigerators
34
Registrations (new vehicles)
40
Rent (housing)
8
Retail trade
5,7,12-16,18
Rice
28
Rubber and products (inch p l a s t i c s ) . . . . . . . . . . . . 4,6,
9,14-16,23,37
Saving, personal
2
Savings deposits
17
Securities issued
20
Security markets
20-22
Services
1,8,14-16
Sheep and lambs
28
Shoes and other footwear
9,12,30
Silver
19
Soybean cake and meal and oil
30
Spindle activity, cotton
39
Steel (raw) and steel manufactures
23, 31, 32
Steel scrap
31
Stock market customer
financing
20
Stock prices, earnings, sales, etc
21,22
Stone, clay, glass products
5,6,9,14,15,20,38
Sugar
23,29
Sulfur
25
Suifuric acid
25
Superphosphate
25
Tea imports.
29
Telephone and telegraph carriers
25
Television and radio
4,11,34
Textiles and products
4,6,9,14-16,20,23,38-40
Tin
33
Tires and inner tubes
9,12,13, 37
Tobacco and manufactures
4,6, 8,14,15, 30
Tractors

34

Trade (retail and wholesale)
5,11,12,14-16
Transit lines, urban
24
Transportation
1,2,8,14-16,20-22,24, 25
Transportation equipment
5,6, 7,14,15, 20,40
TraveL
24,25
Truck trailers
40
Trucks (industrial and other)
34,40
Unemployment and insurance
U.S. Government bonds
U.S. Government
Utilities

13,17
17-21
finance
19
2,4, 8,10,21,22,26

Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Veterans* unemployment insurance
Wages and salaries
Washers and dryers
Water heaters
Wheat and wheat flour
Wholesale price indexes
Wholesale trade
Wood pulp
Wool and wool manufactures.
Zinc.

34
• • If, 13
23,29,30
8,9
17
2,3, 15, 16
34
34
28
8,9
••
5,7,11, 14-16
36
9,39
33

UNITED STATES
GOVERNMENT PRINTING OFFICE
P

HL'C

D O C I . V T-S, T S

[": U P A f < T M r Nl

W A S H I N G T O N . D.C.




2O4O2

-pMbfiihe(!l
Supplement to the Sun/ey

'