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NOVEMBER 1984
/ VOLUME 64 NUMBER
11
CONTENTS
THE BUSINESS SITUATION
1
Selected National Income arid Product Accounts Tables
4
Reconciliation and Other Special Tables
9
National Defense Spending:
A Review of Appropriations and Purchases
11
Conflicting Measures of Private Saving
17
U.S< Direct Investment Abroad:
Country Detail for Selected Items, 1977-83
24
Regional Shifts in Personal Income
by Industrial Component, 1959-83
28
ILS* Department of Commerce
Malcolm Baldrige / Secretary
Sidney L. Jones / Under Secretary
for Economic Affairs
®£ Ecoitontie Analysis
George Jasai / Director
Allan H, Young / Deputy Director
Carol S. Carson / Editor-in-Chief,
Survey of Current Business
Manuscript Editor; Dannelet A. Grosvenor
Managing Editor: Leland L. Scott
Staff Contributors to This Issue: Lorna M. Aldriclt* Leo M. &
Bernstein, Robert B. Bretzfelder, Frank de Leeuw, Howard
1. Friedenberg, Karl D. Galbraith, Gurmukh S. GUI,
Thomas M. Holloway, Martin Murphy, Kenneth A. Petriek,
Joseph €. Wakefield
CURRENT BUSINESS STATISTICS
General
Industry
SI
S19
Footnotes
S33
Subject Index (Inside Back Cover)
SURVEY OF CURRENT BUSINESS. Published monthly by the Bureau
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the BUSINESS SITUATION
JTVEVISED (45-day) estimates show
that real GNP increased at an annual
rate of 2 percent in the third quarter
of 1984 (table 1). Preliminary (15-day)
estimates, published a month ago, had
shown a 2V2-percent increase.1 The
only sizable revisions were an upward
revision of $3% billion in nonresidential fixed investment (mainly due to a
revision in producers' durable equipment) and a downward revision of $4
billion in net exports (due to a downward revision in exports and an
upward revision in imports). A small
upward revision in personal consumption expenditures was more than accounted for by services. Small downward revisions were in residential investment, change in business inventories (due to nonfarm inventories), and
government purchases (more than accounted for by national defense purchases). The GNP fixed-weighted
price index, which registered a 4-percent increase in the third quarter,
was revised little.
Overall, the economic picture presented in the October "Business Situation" has not changed significantly.
The third-quarter increase in real
GNP was a marked slowdown from
increases of 7 percent and 10 percent
in the second and first quarters, respectively. A swing in final sales—to
a small decline after a sharp increase
in the second quarter—more than accounted for the third-quarter deceleration in GNP; an increase in inventory investment provided only a partial offset. Within final sales, all components contributed to the third-quarter swing; personal consumption expenditures contributed nearly onehalf and net exports more than onefourth.
1. Quarterly estimates in the national income and
product accounts are expressed at seasonally adjusted
annual rates, and quarterly changes in them are differences between these rates. Quarter-to-quarter percent changes are compounded to annual rates. Real,
or constant-dollar, estimates are expressed in 1972 dollars.
Corporate profits
Profits from current production—
profits with inventory valuation adjustment (IVA) and capital consumption adjustment (CCAdj)—declined
$9V2 billion in the third quarter, to
$281% billion, following a $13 V2 billion increase in the second quarter.
Domestic profits of financial corporations were down $2 billion; those of
nonfinancial corporations, $7 billion;
and profits from the rest of the world,
$Vfe billion. Occasional dips in profits
are not uncommon as expansions
mature; therefore, it is too early to
say whether profits have peaked yet
for this expansion. Even after a peak
in profits, however, GNP has typically
continued to expand for several quarters.
The decline in profits follows six
quarters of consecutive increases and
reflects the progressive slowing of
real GNP in 1984. Real corporate
product also slowed. In the third
quarter, it increased Yz percent, following six quarters of growth that
ranged from 4x/2 to 15 percent.
Per unit profits declined, more than
offsetting the slight increase in real
product. Costs incurred and prices re-
Table 1.—Revisions in Selected Component Series of the NIPA's, Third Quarter of 1984
Seasonally adjusted at annual rates
15-day
estimate
45-day
estimate
Revision
Percent change from
preceding quarter at
annual rates
15-day
estimate
45^1ay
estimate
Billions of current dollars
3,701.2
Personal consumption expenditures.
Nonresidential fixed investment
Residential investment
Change in business inventories
Net exports
Government purchases
3,695.2
-6.0
6.3
5.7
2,359.3
431.5
156.6
72.4
855
766.9
GNP
2,360.8
438.5
155.4
68.5
-89.9
762.0
1.5
7.0
-1.2
-3.9
44
-4.9
4.6
10.5
2.7
4.9
17.9
-.6
13.0
10.2
.7
6.1
6.2
National income
5.3
2,983.4
Compensation of employees
Corporate profits with inventory valuation and capital consumption adjustments
Other
2,191.9
511.4
281.5
510.0
-1.4
i'4.3
125
13.1
3,047.7
Personal income
2,191.2
3,046.7
-1.0
8.7
8.6
Billions of constant (1972) dollars
1,649.6
Personal consumption expenditures
Nonresidential fixed investment
Residential investment
Change in business inventories
Net exports
Government purchases
1,646.5
-3.1
2.7
1.9
1,064.6
206.8
61.2
31.2
-22.7
308.4
GNP
1,065.6
210.5
60.1
30.0
-26.6
306.8
1.0
3.7
-1.1
-1.2
39
-1.6
.2
8.0
3.0
.6
15.9
-4.6
8.6
6.4
3.6
3.8
3.7
3.7
4.0
3.9
Index numbers, 1972=100!
GNP implicit price deflator
GNP fixed-weighted price index
GNP chain price index
....
224.36
235.0
224.44
235.1
.08
.1
1. Not at annual rates.
NOTE.—For the third quarter of 1984, the following revised or additional major source data became available: For personal
consumption expenditures, revised retail sales for August and September; for nonresidential fixed investment, manufacturers'
shipments of equipment for August (revised) and September, construction put in place for August (revised) and September, and a
partial tabulation of business expenditures for plant and equipment for the quarter; for residential investment, construction put in
place for August (revised) and September; for change in business inventories, book values for manufacturing and trade for August
(revised) and September; for net exports of goods and services, merchandise trade for September; for government purchases of goods
and services, Federal unified budget outlays for September, and State and local construction put in place for August (revised) and
September; for wages and salaries, revised employment, average hourly earnings, and average weekly hours for August and
September; for corporate profits, domestic book profits for the quarter; for GNP prices, the Consumer Price Index and the
Producer Price Index for September, unit-value indexes and export and import price indexes for September, and residential
housing prices for the quarter.
1
SURVEY OF CURRENT BUSINESS
ceived by corporations per unit of real
product were up, but the increase in
costs exceeded that in prices. Both
labor and nonlabor costs increased—
labor costs by more than twice as
much as nonlabor costs.
Adjustments
to profits.—Profits
before tax—profits without IVA and
CCAdj—declined $22 V2 billion to
$2231/2 billion, following a $2V2 billion
increase in the second quarter. The
IVA and CCAdj convert inventories
and depreciation reported by business
to those used in the national income
and product accounts (NIPA's). The
CCAdj was up $6 billion, following a
$4J/2 billion increase; the increases
mainly reflected the effect of shorter
service lives for depreciation of capital permitted under the Economic
Recovery Tax Act of 1981. The IVA
again increased, by $7 billion, reflecting smaller increases in inventory
prices. In the second quarter, it had
increased $6 billion.
Disposition of profits before tax.—
Corporate profits tax liability declined
$11 % billion, to $84% billion, following a $3 billion increase. The 1984
quarterly estimates incorporate the
effects of the tax changes resulting
from the Deficit Reduction Act of
1984. (For a detailed explanation of
the changes and their effects, see the
August 1984 issue of the SURVEY.) The
third-quarter decline in tax liability
reflected the decline in profits before
tax. Dividends were up $1V2 billion, to
$81 Vk billion, following a $2 billion increase. Undistributed profits were
down $12 billion, to $58 billion, following a $2x/2 billion decline.
Profits by industry.—Profits with
IVA but without CCAdj—the variant
of profits available by industry—declined $15 V2 billion in the third quarter, to $223% billion, following a $9
billion increase in the second quarter.
Domestic profits of financial corporations were down $2 billion, to $27
billion, following no change. Savings
and loan associations' profits more
than accounted for the decline.
Domestic profits of nonfinancial
corporations declined $13 billion, to
$176 billion, following a $13 billion increase. Manufacturers' profits accounted for about three-fourths of the
decline. Within profits of manufacturers of nondurable goods, declines were
widespread; profits of manufacturers
of petroleum and coal products and of
chemicals and allied products accounted for most of the decline. Prof-
its of durable goods manufacturers
changed little.
In nonmanufacturing industries, decreases in trade and in the transportation, communication, and utilities"
group more than offset a small increase in other nonmanufacturing industries. Within trade, retail trade
more than accounted for the decline.
The change in these profits is consistent with the third-quarter slowing in
personal consumption expenditures.
Government Sector
The fiscal position of the government sector in the national income
and product accounts (NIPA's) deteriorated in the third quarter, as the
combined deficit of the Federal Government and of the State and local
governments increased $24 billion.
The deterioration occurred at both
levels of government: The Federal
Government deficit increased, and the
State and local government surplus
declined. However, at $131 billion, the
combined deficit was lower than a
year earlier. This improvement was
more than accounted for by a $4 billion decline in the Federal deficit.
The Federal sector
The Federal Government deficit increased $13 billion in the third quarter to $177 billion, as expenditures increased more than receipts. Receipts
increased $3 billion, compared with
$18 billion in the second quarter. The
slowing was largely due to corporate
profits tax accruals, which declined $9
billion—reflecting the drop in corporate profits—after a moderate increase. Personal tax and nontax receipts again increased $9 billion. Contributions for social insurance increased $3 billion, and indirect business tax and nontax accruals increased about $x/2 billion, both somewhat less than in the second quarter.
In the latter, a $1 billion increase in
customs duties and nontaxes was
partly offset by a decline in windfall
profit taxes.
Expenditures increased $16 Vk billion, compared with $20 Vb billion in
the second quarter. Net interest paid
increased $11 Million, accounting for
over two-thirds of the increase in
total expenditures. Nondefense purchases increased $7 billion: Purchases
by the Commodity Credit Corporation
(CCC) increased $5% billion, and all
November 1984
other purchases increased $1V2 billion. The increase in CCC purchases
was largely the result of regular operations; PIK transactions accounted for
less than $1 billion. Transfer payments to persons increased $2x/2 billion; a $3 billion increase in Social Security benefits was partly offset by a
$x/2 billion decline in unemployment
benefits.
All other categories of expenditures
declined. Subsidies less the current
surplus of government enterprises declined $2x/2 billion, reflecting declines
in the CCC deficit ($1% billion) and in
agricultural subsidies ($Vfc billion).
Grants-in-aid to State and local governments declined $1 billion, and
transfer payments to foreigners and
national defense purchases declined
$x/2 billion each. The decline in national defense purchases was more
than accounted for by a significant
falloff in the delivery of all types of
military equipment (see table 2 on
page 9).
Cyclically adjusted budget.—When
measured using cyclical adjustments
based on middle-expansion trend
GNP, the Federal fiscal position
moved from a deficit of $165 billion in
the second quarter to a deficit of $173
billion in the third (see table 3 on
page 10). The cyclically adjusted deficit as a percentage of middle-expansion trend GNP increased from 4.5
percent in the second quarter to 4.7
percent in the third—a move toward
a more expansionary fiscal position.
Fiscal year 1984-—For fiscal year
1984, which ended September 30, the
Federal Government deficit (on the
NIPA basis) amounted to $171 billion,
slightly higher than the deficit projected in the mid-session review of the
unified budget (see the August
SURVEY for details of the midsession
review). Receipts were $6 billion
lower, and expenditures were $5 billion lower, than previously estimated.
The State and local sector
The State and local government
surplus declined $8% billion in the
third quarter to $46 billion, as expenditures increased
significantly
more than receipts. A large decline in
the surplus of "other" funds was
partly offset by an increase in the
surplus of social insurance funds.
Receipts increased $2% billion,
compared with $11 billion in the
second quarter. The slowing was
November 1984
largely due to declines in corporate
profits tax accruals ($2 billion) and in
federal grants-in-aid ($1 billion). Indirect business tax and nontax accruals
increased $3x/2 billion; property taxes
and sales taxes contributed $2 billion
and $1V2 billion, respectively, to the
increase. Personal tax and nontax receipts and contributions for social insurance increased $1 billion each.
Expenditures increased $liy2 billion, slightly more than in the previous quarter. Purchases of goods and
services more than accounted for the
increase; all other expenditures, on
balance, declined $x/2 billion. Within
purchases, compensation increased
$4x/2 billion, construction increased $4
billion, and all other purchases increased $3 billion. More than one-half
of the increase in construction was accounted for by highway construction,
which has increased sharply—$5 billion—since the first quarter of 1984.
Alternative measure of fiscal position.—Ta^le 2 updates the alternative
measure of the State and local government fiscal position introduced in
the March 1984 SURVEY. The update
incorporates the NIPA revisions of
July 1984, recent flow-of-funds revisions by the Federal Reserve Board,
and preliminary 1982-83 Governmental Finances data from the Census
Bureau. The basic fiscal position of
State and local governments as shown
by the alternative measure is the
same as shown in the March presen-
SURVEY OF CURRENT BUSINESS
Table 2.—Derivation of an Alternative Measure of the State and Local Government Fiscal Position, 1980-83
[Billions of dollars]
1980
Line
1
Surplus or deficit (-), NIPA
basis'
Other than social insurance funds.
3.5
1982
1983
7.8 -0.8
6.6
1981
Plus: Purchases of equipment and structures financed by borrowing. l
Less: Net outlays for land
Statutory housing authority transactions.
23.5
23.6
26.8
30.8
1.8
1.8
"1.9
2.5
"1.9
3.8
"2.0
"4.1
5
Equals: Surplus or deficit
(— )
combined
funds
before financial transactions.
23.4
27.0
20.3
31.3
6
Less: Long-term debt retired.
Additions to sinking
funds.
Plus: Borrowing to retire
existing debt.
Net change in shortterm debt.
Capital gains
18.5
20.5 "25.4 "25.5
15.0
10.0 "16.5 "10.9
2
4
7
8
9
10
11
1.2
.6
1.7
1.1
1.1 "1.5
Equals: Surplus or deficit -6.1
(— ) combined funds.
Addendum:
Surplus or deficit (-), -1.7
combined funds as a
percentage of NIPA
receipts
excluding
contributions
for
social insurance.
4.3
11.4
5.9 -6.6
"1.7
"1.5
-.3 -9.7
1.2
-2.4
.3
"Preliminary.
1. Excludes force account compensation. Calculated as the
sum of purchases of equipment and structures less grants-inaid for capital formation and purchases of equipment and
structures from current own-source revenue.
tation: State and local governments
recorded deficits in 1981 and 1982 and
then swung to surplus in 1983. However, the fiscal position in 1981 looks
better than previously estimated, but
the deficit in 1982 is $6V2 billion
higher, and the surplus in 1983 is
$5Va billion lower, than previously estimated.
November ballot highlights.—A
number of state and local tax and expenditure issues were up for voter
consideration in November. Major
limitations on taxes, expenditures, or
both, appeared on ballots in California, Michigan, Nevada, and Oregon;
all were defeated. Proposals to increase general sales taxes were defeated in Arkansas and West Virginia, as was a proposal to exempt grocery food from sales tax coverage in
Idaho. In contrast, voters approved
several bonded debt issues and lotteries.
Bond issues on the ballots totaled
almost $5 billion, the largest volume
of issues offered for approval since
1975. The largest issues approved
were $2*/2 billion in California for
water conservancy and pollution control, schools, veterans' loans, and hazardous waste cleanup, and over $Vfe
billion in Alaska for financing veterans' housing. Over $% billion in new
issues were rejected; major turndowns
were in Arkansas (for waste disposal)
and West Virginia (for a variety of
projects). Four States—California,
Missouri, Oregon, and West Virginia—approved new lotteries. When the
new lotteries are in full operation
(probably in the fiscal year beginning
July 1986), it is estimated that they
will add a total of $x/2 billion annually
to state revenues.
SURVEY OF CURRENT BUSINESS
November 1984
Selected National Income and Product Accounts Tables
New estimates in this issue: Third quarter 1984, revised.
The abbreviations used in the tables are:
CCAdj Capital consumption adjustment
IVA
Inventory valuation adjustment
NIPA's National income and product accounts
Preliminary
p
Revised
r
The NIPA estimates for 1929-76 are in The National Income and Product Accounts of the United States, 1929-76: Statistical Tables (Stock
No. 003-010-00101-1, price $10.00). Estimates for 1977-79 and corrections for earlier years are in the July 1982 SURVEY; estimates for 1980 and
corrections for earlier years are in the July 1983 SURVEY; estimates for 1981-83 and corrections for earlier years are in the July 1984 SURVEY.
Summary NIPA Series, 1952-83, are in the August 1984 SURVEY. These publications are available from the Superintendent of Documents and
Commerce Department District Offices; see addresses inside front cover.
Table 1.1-1.2.—Gross National Product in Current and Constant Dollars
Billions of 1972 dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1982
II
III
IV
1,984.9
Durable goods
Nondurable goods
Services
2,155.9
2,141.6
276.1
279.'8
245.1
801.7
796.9
757.5
982.2 1,074.4 1,068.6
2,181.4
I
II
1984
1983
1983
III r
II
III
IV
1,572.7
I
II
rar
1,610.9 1,638.8 1,646.5
3,553.3 3,644.7 3,695.2
1,480.0 1,534.7
1,524.8
1,550.2
2,230.2 2,276.5 2,332.7 2,360.8
963.3 1,009.2
1,006.2
1,015.6 1,032.4
1,044.1
1,064.2
1,065.6
140.5
363.1
459.8
157.5
376.3
475.4
156.2
374.9
475.1
159.6
378.5
477.6
167.2
383.2
482.0
173.7
387.1
483.4
178.6
396.6
488.9
177.6
395.4
492.6
3,069.3 3,304.8^ 3,267.0 3,346.6 3,431.7
Gross national product
Personal consumption expenditures
1982
1984
1983
1983
284.1
299.8
310.9
811.7
823.0
841.3
1,085.7 1,107.5 1,124.4
320.7
858.3
1,153.7
318.5
861.1
1,181.2
414.9
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
471.6
449.6
491.9
540.0
623.8
627.0
662.3
194.3
221.0
212.6
230.6
249.5
285.5
283.9
300.6
441.0
349.6
142.1
207.5
91.4
86.6
1.5
3.3
-26.1
-24.0
-2.1
Gross private domestic investment
485.1
352.9
129.7
223.2
132.2
127.6
1.0
3.6
-13.5
-3.1
-10.4
469.0
339.3
125.6
213.6
129.8
125.3
.9
3.5
-19.4
-5.4
-14.0
496.2
353.9
126.2
227.8
142.3
137.7
.9
3.7
-4.3
11.6
-15.9
527.3
383.9
136.6
247.3
143.4
138.7
.9
3.8
12.7
14.1
14
550.0
398.8
142.2
256.7
151.2
146.4
.9
3.9
73.8
60.6
13.2
576.4
420.8
150.0
270.7
155.6
150.5
1.0
4.1
50.6
47.0
3.5
593.8
438.5
153.3
285.1
155.4
150.1
1.2
4.0
68.5
59.5
9.0
204.7
166.9
53.3
113.5
37.9
35.3
.6
1.9
-10.4
-9.2
-1.2
224.6
171.0
49.2
121.8
53.7
51.2
.4
2.1
-3.6
.6
-4.2
218.7
165.3
48.1
117.2
53.4
. 51.0
.4
2.1
61
-.3
58
229.8
172.6
48.3
124.3
57.2
54.7
.4
2.1
.9
7.4
66
242.2
184.5
51.4
133.1
57.8
55.2
.4
2.2
7.2
7.0
.2
253.9
193.3
54.1
139.2
60.6
58.0
.4
2.2
31.6
26.2
5.4
263.7
202.9
56.8
146.0
60.8
58.1
.4
2.3
20.3
18.7
1.6
270.6
210.5
57.8
152.7
60.1
57.3
.5
2.3
30.0
25.5
4.4
-6.5
-16.4
29 8
-8.3
-11.4
19.0
Federal
National defense....
Nondefense
State and local
336.2
344.4
650.5
258.9
179.5
79.4
391.5
Government purchases of goods and services
-8.3
348.4
329.4
Exports
Imports
26.6
29.7
12.6
13.6
11.9
2.0
358.9
410.4
362.4
421.1
369.3
459.2
147.6
118.0
139.5
126.9
137.0
123.4
141.6
129.7
141.0
139.1
144.9
153.2
144.7
156.2
147.8
174.4
691.4
704.4
743.7
762.0
292.7
291.9
292.4
292.0
288.8
289.5
302.1
306.8
266.3
207.2
59.1
425.1
267.6
213.4
54.2
436.8
296.4
220.8
75.6
447.4
302.8
220.4
82.4
459.3
117.0
79.1
37.9
175.7
116.2
84.7
31.5
175.7
117.2
84.8
32.3
175.2
115.6
84.4
31.2
176.4
113.0
86.3
26.7
175.8
112.2
87.1
25.2
177.3
123.2
89.6
33.6
178.9
125.4
89.1
36.3
181.4
328.1
334.5
342.0
358.4
346.1
375.9
685.5
682.2
689.8
269.7
200.5
69.3
415.8?
270.5
199.3
71.3
411.6
269.2
200.9
68.3
420.6
-51.5
587
-89.9
Table 1.3-1.4.—Gross National Product by Major Type of Product in Current and Constant Dollars
Gross national product
3 069 3 3 304 8 3 267 0 3 346 6 3 431 7 3 553 3
1 480 0 1 534 7 1 524 8 1 550 2 1 572 7 1 6109 1 638 8 1 (546.5
35941 36268
685
506
14904
104
1 4239 1 498 0 15448 1 5481
6606
6886
6816
698.1
7155
744.9
767.4
767.5
13029 13692 13565 13775 1 411 2 1 424 2 1 4942 1 479 6
127
13 5
194
43
' 261
68 5
50 6
73 8
Goods
3 644 7 3 695 2
30954 33183 32864 33509 34190 34795
43
194
135
261
738
127
Final sales
Change in business inventories
671 1
10 4
6922
36
6877
61
6972
9
7082
72
7133
316
747 1
203
7375
300
2695
277 4
78
391 1
393 7
26
2956
296 1
5
3929
396 1
32
2902
2923
21
3914
3954
40
3052
299 6
56
3929
397 7
48
3186
311 9
66
3969
396 3
6
331 1
3164
147
4138
3969
169
3395
3314
81
4279
4157
122
3409
3240
169
4266
4135
131
707 8
111 6
723 2
1229
721 9
1213
725 4
1266
728 7
1285
731 4
1346
732 9
138.5
7387
140.3
14503 1 5221 15112 15383 1 5707 16192 1,650 2
14607 15257 15173 15374 1 5634 15876 16299
1,673.0
1 6430
1,276.8
Final sales
Change in business inventories
Durable goods
Final sales.. .
Change in business inventories
Nondurable goods
Final sales
Change in business inventories
4999
517 9
180
7769
7850
81
1,355.7
5553
557 5
21
8004
8117
113
1,337.1
541 1
546 5
55
7961
8100
139
1,373.2
5769
564 5
125
7962
8130
168
6074
592 9
145
8165
818 3
17
6323
597 5
349
8657
826 8
389
6479
629 7
182
8969
864 6
324
6559
616 2
397
8922
863 5
287
Services
Structures
1 510 8 16393 1 6272 1 654 5 1 681 3 1 713 7 1 742 6 1 782 6
319.0
302.6
309.8
341 6
3572
3265
281.7
3646
Addenda:
Gross domestic purchases 1
Final sales to domestic purchasers *
3,050.2 3,313.1 3,273.4 3,363.0 3,461 5 3,604 8
30763 33265 32928 33674 34488 35310
37034 37851
36528 37167
15383 1 5309 15493 15654 1 5793 1,618 5 1,616.5
9
300
203
31 6
72
61
36
1. Gross domestic purchases equals GNP less exports plus imports*, final sales to domestic purchasers equals final sales less exports plus imports.
Table 1.5-1.6.—Gross National Product by Sector in Current and Constant Dollars
Gross national product
Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing
Farm
Statistical discrepancy
Households and institutions
Private households
Nonprofit institutions
Government
Federal
State and local
Rest of the world
Addendum:
Gross domestic business product less housing
3,069.3
3,304.8 3,267.0 3,346.6 3431 7 35533 3 6447 3 695 2
3,021.3
25890
25144
22466
2679
751
5
1074
76
998
3249
1012
2237
48 0
3,256.5
27908
27289
24347
294 2
61.5
5
1165
78
1087
3492
1078
2414
483
2,312 1 24877
3,219 6
27576
26952
24046
2907
58.3
41
1156
77
1079
3464
107 3
2391
47 4
3,295.2
28262
27693
24719
297 4
61.7
48
1173
78
1096
3516
1081
2436
51 5
33841
29068
28543
2 550 2
304 1
573
48
119 6
79
111 8
3577
109 5
2482
47 7
35057
3 017 2
29434
26328
310 6
716
22
121 0
79
113 1
3674
113 8
2536
47 6
3 602 6
3 1068
3 037 5
27188
318 7
783
90
123 1
80
115 1
3727
114 4
2583
42 i
3 651 8
3 150 2
30774
2749 7
327 7
832
104
123 9
81
1157
3777
114 7
263 0
43 4
1 480 0 1 534 7 1 524 8 1 550 2 1 572 7 1 610 9 1 638 8 1 646 5
1 4567
1 253 4
12148
l'075 6
139 2
389
3
467
33
43 4
156 5
50 5
106 0
23 3
1 512 1 1 502 6
1 307 8 1 298 5
12738 1264 1
1 130 6 1 121 5
143 2
1426
325
338
2
19
47 3
47 2
33
33
44 o
43 9
157 0
1569
51 3
51 2
1057
1056
22 5
22 2
1 1129
1 163 5
1 5262
1 321 9
12893
1 145 6
143 8
348
23
47 3
33
440
1570
51 4
1056
24 0
1 550 7
1 3457
13163
1 171 2
145 1
316
22
47 5
33
44 2
157 5
51 7
1058
21 9
1 589 2
1?384 0
1 3475
1 2009
146 5
356
10
47 6
34
44 2
1577
51 8
1058
21 6
1 619 8 1 627.0
1 414 1 14212
13801 13843
12321 12348
149 6
148 0
415
381
47
41
47 9
47 7
34
34
443
44 5
1578
1581
51 9
51 9
1062
1059
19 0
19 4
SURVEY OF CURRENT BUSINESS
November 1984
Table 1.13.—Gross Domestic Product of Corporate Business in Current Dollars and Gross Domestic Product of Nonfmancial Corporate Business
in Current and Constant Dollars
Billions of dollars
1982
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1983
1983
II
Gross
domestic
product of corporate business
Capital consumption allowances with CCAdj
III
1982
1984
IV
I
II
III
1,882.2 2,037.0 2,008.8 2,076.6 2,135.0 2,207.4 2,271.3 2,293.4
221.8
Net domestic product
Indirect business tax and
nontax liability plus
business transfer payments less subsidies
231.2
228.2
233.4
236.4
239.9
244.1
248.2
1,660.5 1,805.8 1,780.6 1,843.2 1,898.6 1,967.5 2,027.2 2,045.2
189.2
206.2
205.9
210.0
213.4
217.2
223.5
226.4
Domestic income
1,471.3 1,599.6 1,574.7 1,633.3 1,685.2 1,750.3 1,803.7 1,818.8
Compensation of employees
1,281.5 1,357.1 1,341.3 1,372.8 1,407.2 1,453.2 1,485.6 1,508.2
Wages and salaries
1,067.0 1,121.2 1,108.0 1,129.0 1,163.5 1,192.0 1,219.0 1,236.5
Supplements
to
wages and salaries ... 214.5 236.0 233.3 243.8 243.7 261.2 266.6 271.7
Corporate profits with
IVA and CCAdj
136.7 200.4
193.0 217.5 234.4 251.7 269.8 260.9
Profits before tax
Profits tax liability ..
Profits after tax
Dividends
Undistributed
143.1
60.7
82.5
56.7
178.4
75.8
102.6
63.0
174.5
74.8
99.7
63.2
199.9
84.7
115.2
63.3
200.0
84.5
115.5
64.2
217.6
92.7
124.9
66.3
224.8
95.8
128.9
70.9
203.0
84.4
118.6
72.1
25.8
-9.5
3.1
53.1
IVA P
CCAdj
Net interest
Gross
domestic
product of financial
corporate
business
39.6
-11.2
33.2
42.1
36.6
-12.1
30.6
40.4
51.9
193
36.9
43.0
51.3
92
43.6
43.6
58.6
13 5
47.6
45.4
58.1
-7.3
52.3
48.3
46.5
4
58.2
49.7
103.8
Gross
domestic
product of nonfinancial
corporate business
Capital consumption allowances with CCAdi
119.3
121.2
120.0
120.8
123.3
124.3
124.3
1,778.4 1,917.7 1,887.6 1,956.6 2,014.2 2,084.2 2,146.9 2,169.1
209.7
218.0
215.3
220.0
222.5
225.6
229.3
1983
r
233.0
II
I
IV
III
Net domestic product
1,568.7 1,699.7 1,672.3 1,736.6
Indirect business tax and
nontax liability plus
business transfer pay196.4 200.4
ments less subsidies
180.2 196.7
Domestic income
1,388.4 1,503.0 1,475.9 1,536.2
Compensation of employees
1,198.1 1,263.1 1,247.7 1,277.8
Wages and salaries
998.4 1,044.3 1,031.5 1,051.5
Supplements
to
wages and salaries ... 199.7 218.8 216.2 226.4
Corporate profits with
IVA and CCAdj
171.0
118.1
188.0
161.2
Profits before tax
Profits tax liability ..
Profits after tax
Dividends
Undistributed
profits
IVA
CCAdj
Net interest
1984
1983
III r
II
1,791.8 1,858.6 1,917.6 1,936.2
203.7
207.3 213.4 216.1
1,588.0 1,651.2 1,704.2 1,720.0
1,310.8 1,354.0 1,384.5 1,405.0
1,084.8 1,111.3 1,137.1 1,152.9
226.0
242.7
247.4
252.1
205.8
223.0
240.8
233.7
123.5
44.3
79.2
56.8
148.8
58.0
90.8
62.8
142.5
56.4
86.1
62.9
170.4
67.0
103.4
63.2
171.5
66.7
104.8
63.9
188.9
74.5
114.5
65.9
195.9
77.2
118.6
70.3
176.2
65.6
110.5
71.4
22.4
-9.5
4.1
72.3
28.0
-11.2
33.4
69.0
23.1
-12.1
30.7
67.1
40.2
-19.3
36.9
70.4
40.9
-9.2
43.6
71.3
48.5
-13.5
47.5
74.2
48.3
-7.3
52.2
78.9
39.1
-.4
57.9
81.3
979.5
980.9
Billions of 1972 dollars
Gross domestic product of nonfinancial
corporate businessCapital consumption allowances with CCAdj
Net domestic product
Indirect business tax and
nontax liability plus
business transfer payments less subsidies
Domestic income
857.4
896.4
886.2
912.4
931.1
956.9
96.7
100.0
99.3
100.7
101.5
102.4
103.4
104.5
760.8
796.4
787.0
811.7
829.6
854.6
876.1
876.4
94.7
666.1
97.8
698.6
97.4
689.5
98.5
713.2
100.0
729.6
100.7
753.9
101.2
774.9
101.3
775.2
Table 1.11.—National Income by Type of Income
National income
2,446.8 2,646.7 2,609.0 2,684.4 2,766.5 2,873.5 2,944.8 2,983.4
Compensation of employees
1 864.2 1,984 9 1,962.4 2,000.7 2,055.4 2,113.4 2,159.2 2,191.9
1,568.7 1,658.8 1,640.8 1,670.8 1,715.4 1,755.9 1,793.3 1,819.1
Wages and salariesGovernment and government enterprises .... 306.5 327.7 325.0 330.6 335.0 342.9 347.5 352.0
1,262.2 1,331.1 1,315.9 1,340.3 1,380.4 1,413.0 1,445.8 1,467.1
Other
Supplements to wages
295.5 326.2 321.6 329.9 340.0 357.4 365.9 372.8
and salaries
Employer contributions for social in172.4 174.7
169.4
153.9
157.9
1400 1531 1517
surance
193.5 198.1
188.1
175.9
182.1
155.5
173.1
169.9
Other labor income
Proprietors' income with
IVA and CCAdj
Farm
Proprietors' income
withFVA
CCAdj
Nonfarm
Proprietors' income
IVA... .
CCAdj
111.1
218
121 7
138
116.9
101
123.3
11.2
131.9
17.3
154.9
32.5
149.8
23.4
154.5
27.0
30.2
84
892
87.6
-.5
21
22.1
84
1079
100.4
-.8
83
18.4
84
1068
99.4
-1.0
83
19.6
84
112.1
103.8
-1.3
9.5
25.7
83
114.6
105.5
-.7
9.7
40.7
83
122.5
112.4
1.2
11.2
31.7
83
126.3
115.0
-.4
11.8
35.2
-8.2
127.5
114.8
.1
12.5
51.5
58.3
59.0
56.2
60.4
61.0
62.0
63.0
88.4
369
96.6
383
96.0
37 0
96.6
403
99.1
387
99.9
388
102.5
406
103.8
—40.9
159 1
225 2
2167
2450
2600
277.4
291.1
281.5
156.0
165.5
60.7
104.8
692
1920
203.2
75.8
127.4
729
186.1
198.2
74.8
123.4
717
208.1
227.4
84.7
142.6
73.3
216.3
225.5
84.5
141.1
75.4
229.8
243.3
92.7
150.6
77.7
238.7
246.0
95.8
150.2
79.9
223.3
223.7
84.4
139.3
81.3
CCAdj
356
-9.5
3.1
545
-112
33.2
517
-12.1
30.6
69.3
-19.3
36.9
656
-9.2
43.6
72.9
-13.5
47.6
70.2
-7.3
52.3
58.0
— 4
58.2
Net interest
260.9
256.6
254.2
259.2
258.9
266.8
282.8
292.5
Rental income of persons
with CCAdj
Rental income of persons.. . .
.,
CCAdj
Corporate profits with IVA
and CCAdj
Corporate profits with
IVA
Profits before tax
Profits tax liability .
Profits after tax
Dividends
Undistributed
profits
IVA . .; .
Addenda:
Corporate profits after
tax with IVA and
CCAdj
Dividends
Undistributed
profits
with IVA and CCAdj
Table 1.7.—Relation of Gross National Product, Net National Product,
National Income, and Personal Income
Billions of dollars
Seasonally adjusted at annual rates
1982
1983
1984
1983
II
III
IV
I
III'
II
Gross national product
3,069.3 3,304.8 3,267.0 3,346.6 3,431.7 3,553.3 3,644.7 3,695.2
Less:
Capital consumption allowances with CCAdj...
Capital consumption allowances
Less- CCAdj
^M&.
377.1
371.2
382.8
386.4
391.8
400.0
406.6
314.2
-44.7
367.2
-9.9
360.1
-11.1
375.7
71
387.8
1.4
398.6
6.8
410.3
10.3
423.2
16.6
Equals: Net national product
2,710.4 2,927.7 2,895.8 2,963.9 3,045.4 3,161.5 3,244.7 3,288.6
Less:
Indirect business tax and
nontax liability
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current
surplus of government
enterprises
Equals: National income
984
69.2
1494
72.9
1419
71.7
1602
73.3
1755
75.4
1847
77.7
1952
79.9
197.1
81.3
Less:
Corporate profits with
IVA and CCAdj
Net interest
Contributions for social
insurance
Wage accruals less disbursements
Plus:
Government transfer payments to persons
Personal interest income....
Personal dividend income..
Business transfer payments
29.2
76.5
70.2
86.9
100.0
107.0
115.3
115.8
Equals: Personal income
258.8
280.4
279.9
284.7
290.1
295.5
301.3
305.3
14.1
-.5
15.6
.5
15.4
4.1
15.8
-4.8
16.2
-4.8
16.7
2.2
17.1
-9.0
17.5
-10.4
8.8
15.6
12.7
16.2
22.6
26.4
9.6
7.2
2,446.8 2,646.7 2,609.0 2,684.4 2,766.5 2,873.5 2,944.8 2,983.4
c.
159.1
260.9
225.2
256.6
216.7
254.2
245.0
259.2
260.0
258.9
277.4
266.8
291.1
282.8
281.5
292.5
251.3
272.7
270.2
274.3
281.0
298.9
304.2
308.1
0
-.4
-1.3
.2
.2
4
361.9
366.6
66.5
389.3
376.3
70.3
391.9
368.8
69.1
388.1
382.3
70.7
392.5
388.2
72.8
394.7
403.9
75.0
398.1
425.6
77.2
401.1
448.0
78.5
14.1
15.6
15.4
15.8
16.2
16.7
17.1
17.5
4
0
2,584.6 2,744.2 2,714.4 2,763.3 2,836.5 2,920.5 2,984.6 3,046.7
SURVEY OF CURRENT BUSINESS
November 1984
Table 2.2-2.3.—Personal Consumption Expenditures by Major Type of
Product in Current and Constant Dollars
Table 2.1.—Personal Income and Its Disposition
Billions of dollars
Billions of dollars
Seasonally adjusted at annual rates
1982
1983
Seasonally adjusted at annual rates
1984
1983
1982
IV
III
1983
III
II
Personal income...
2,584.6
Wage and salary disbursements
1,568.7
Commodity-producing
industries
509.3
Manufacturing
382.9
Distributive industries
378.6
374.3
Service industries
Government and government enterprises
306.6
155.5
Other labor income...
Proprietors' income with IVA
andCCAdj
Farm
Nonfarm
Rental income of
with CCAdj
persons
111.1
21.8
89.2
2,836.5 2,920.5 2,984.6
1,819.5
2,744.2 2,714.4
,763.3
519.3
395.2
398.6
413.1
511.4
389.3
395.4
409.1
523.5
399.1
399.7
417.0
539.0
411.9
413.2
428.2
555.9
424.6
419.2
437.9
567.0
432.2
429.5
449.3
328.2
326.2
331.0
335.0
342.8
347.3
173.1
169.9
175.9
182.1
188.1
193.5
121.7
116.9
13.8
107.9
123.3
131.9
154.9
149.8
10.1
106.8
11.2
112.1
17.3
114.6
32.5
122.5
23.4
126.3
Personal consumption expenditures
573.2 Durable goods
436.3
Motor vehicles and parts ...
436.5
Furniture and household
457.4
equipment
Other
352.4
198.1 Nondurable goods
Food
Clothing and shoes
154.5
Gasoline and oil
27.0
Other nondurable goods
127.5
Fuel oil and coal
Other
63.0
Services
78.5
Housing
Household operation
448.0
Electricity and gas
Other .
418.6
Transportation
Other
238.2
59.0
56.2
60.4
61.0
62.0
Personal dividend income
66.5
70.3
69.1
70.7
72.8
75.0
77.2
Personal interest income
366.6
376.3
368.8
382.3
388.2
403.9
425,6
Transfer payments
Old-age, survivors, disability, and health insurance
benefits
Government unemployment
insurance benefits
Veterans benefits
Government employees retirement benefits
Other transfer payments
Aid to families with dependent children
Other
376.1
405.0
407.3
403.9
408.8
411.3
415.2
204.5
221.6
219.8
222.4
227.7
232.1
235.2
25.2
16.4
26.1
16.6
31.7
16.6
22.8
16.6
20.2
16.5
16.7
16.4
15.8
16.6
54.9
75.0
59.5
81.0
59.1
80.2
60.4
81.7
61.3
83.1
62.4
83.7
63.1
84.5
63.9
84.7
13.3
61.7
14.2
66.8
14.3
65.9
14.3
67.4
14.3
68.8
14.9
68.8
14.9
69.6
14.7
70.0
51.5
111.4
119.6
118.5
120.4
123.2
129.6
131.8
133.4
404.1
404.2
411.6
395.8
407.9
418.3
430.3
440.6
2,340.1 2,302.9 2,367.4 2,428.6 2,502.2 2,554.3
2,606.1
Less: Personal outlays
2,044.5 2,222.0 2,206.1 2,248.4 2,300.0 2,349.6 2,409.5
Personal consumption expenditures
1,984.9 2,155.9 2,141.6 2,181.4 2,230.2 2,276.5 2,332.7
Interest paid by consumers
to business
58.5
65.1
63.6
65.9
71.9
75.7
68.7
Personal transfer payments
to foreigners (net)
1.2
1.0
1.0
1.2
1.2
1.1
1.0
2,441.8
Less: Personal tax
nontax payments
and
Equals: Disposable personal
income
2,180.5
Equals: Personal saving
136.0
Addenda:
Disposable personal
income:
Total, billions of 1972 dollars
1,058.3
Per capita:
Current dollars
9,385
1972 dollars
4,555
Population (millions)
232.4
Personal saving as percentage of disposable personal income
II
279.8
276.1
284.1
299.8
310.9
320.7
318.5
108.7
129.3
128.4
132.0
141.7
147.7
152.3
150.0
94.4
42.1
104.1
46.4
102.4
45.3
105.2
46.9
109.8
48.2
113.0
50.3
116.6
51.7
116.4
52.1
757.5
801.7
796.9
811.7
823.0
841.3
858.3
861.1
392.8
118.8
90.4
155.6
20.6
135.0
416.5
127.0
90.0
168.2
21.0
147.2
413.6
127.1
89.5
166.7
21.0
145.7
420.5
126.8
92.1
172.2
22.4
149.8
425.1
132.5
91.7
173.6
22.1
151.5
433.9
136.1
92.0
179.3
22.5
156.7
442.1
142.2
92.8
181.2
21.6
159.7
448.4
139.3
90>.l
183.4
21.0
162.4
118.1
79.8
1.1
144.8
164.3
1,095.4 1,082.0 1,102.2 1,124.3 1,147.6 1,165.3
Personal consumption expenditures
9,977
4,670
234.5
119.0
152.5
128.7
9,832 10,082 10,318 10,608 10,806
4,619 4,694 4,776 4,865 4,930
234.2 234.8 235.4 235.9 236.4
5.0
4.2
5.0
6.1
5.3
5.7
363.3
153.8
81.3
72.5
72.5
484.8
359.2
155.0
82.6
72.5
71.1
483.2
366.8
155.7
83.6
72.1
73.9
489.3
374.7
157.5
84.0
73.5
74.8
500.5
382.4
158.8
82.6
76.2
76.1
507.1
Services
Housing
Household operation
Electricity and gas
Other
Transportation
Other
156.2
159.6
167.2
173.7
178.6
177.6
66.6
66.8
68.0
72.2
75.2
77.2
75.7
60.3
23.2
65.9
25.0
64.9
24.5
66.5
25.0
69.3
25.8
71.7
26.7
74.1
27.4
74.5
27.5
376.3
374.9
378.5
383.2
387.1
396.6
395.4
182.3
84.2
25.3
71.1
3.6
67.5
188.9
88.5
26.1
72.9
4.0
68.9
187.4
89.0
25.9
72.5
4.0
68.5
190.9
87.6
26.1
73.9
4.2
69.7
191.2
91.4
26.3
74.3
4.2
70.2
189.7
94.2
27.0
76.1
4.1
72.0
193.6
99.1
27.1
76.9
3.9
73.0
195.5
95.9
26.9
77.0
3.9
73.1
459.8
Food
Clothing and shoes
,
Gasoline and oil
Other nondurable goods ....
Fuel oil and coal
Other
157.5
57.0
363.1
Motor vehicles and parts ...
Furniture and household
equipment
Other
475.4
475.1
477.6
482.0
483.4
488.9
492.6
167.5
63.5
24.6
38.9
31.6
197.2
171.3
64.1
24.9
39.1
31.7
208.3
170.6
64.4
25.1
39.3
31.5
208.6
171.9
64.6
25.7
38.9
31.7
209.4
173.4
64.6
25.3
39.3
32.2
211.8
175.1
64.0
24.8
39.2
32.4
211.9
176.8
65.1
25.6
39.5
32.7
214.3
178.5
65.2
25.3
39.9
32.9
215.9
Table 5.1.—Gross Saving and Investment
Billions of dollars
Seasonally adjusted at annual rates
1984
1983
1983
6.3
Dollars
Seasonally adjusted
1982 1983
1984
1983
II
III
IV
I
II
III r
Current-dollar cost and profit per unit
of constant-dollar gross domestic
product 1
2.074 2.139 2.130 2.144 2.163 2.178 2.192 2.211
Capital consumption allowances with CCAdj ....
Net domestic product
Indirect business tax and nontax liability
plus business transfer payments less subsidies
Domestic income
Compensation of employees
Corporate profits with
IVA and CCAdj
Profits tax liability
Profits after tax with IVA and CCAdj ....
Net interest .
.245 .243 .243 .241 .239 .236 .234 .238
1.829 1.896 1.887 1.903 1.924 1.942 1.958 1.974
.210 .219 222 .220 .219 .217 .218 .220
1.619 1.677 1.665 1.684 1.706 1.726 1.740 1.754
1.397 1.409 1.408 1.400 1.408 1.415 1.414 1.432
.138
.052
.086
.084
.191
.065
.126
.077
.182
.064
.118
.076
.206
.073
.133
.077
.221 .233
.072 .078
.149 .155
.077 .078
.246
.079
.167
.081
.238
.067
.171
.083
403.3
167.6
88.7
78.9
79.6
530.6
963.3 1,009.2 1,006.2 1,015.6 1,032.4 1,044.1 1,064.2 1,065.6
10,999
4,965
236.9
Table 7.7.—Current-Dollar Cost and Profit Per Unit of Constant-Dollar
Gross Domestic Product of Nonfmancial Corporate Business
392.4
163.3
86.1
77.2
77.6
520.4
140.5
Durable goods
1,176.4
96.7
333.8
143.4
75.2
68.2
68.2
436.8
Billions of 1972 dollars
Nondurable goods ...
2,360.8
982.2 1,074.4 1,068.6 1,085.7 1,107.5 1,124.4 1,153.7 1,181.2
III
IV
Gross saving..
III'
245.1
1982
6.2
IV
1,984.9 2,155.9 2,141.6 2,181.4 2,230.2 2,276.5 2,332.7 2,360.8
15.1
16.7
Less: Personal contributions for social insurance
I
3,046.7
1,659.2 1,642.1 1,671.3 1,715.4 1,755.7 1,793.1
1984
1983
Gross private saving
,
Personal saving
Undistributed corporate
profits with IVA and
CCAdj
Undistributed profits
IVA
CCAdj
Capital consumption allowances with CCAdj:
Corporate
Noncorporate
Wage accruals less disbursements
Government surplus or
deficit (-), NIPA's
Federal
State and local
Capital grants received by
the United States (net)
Gross investment
Gross private domestic investment
Net foreign investment
Statistical discrepancy
551.0
555.5
524.0
136.0
571.7
538.1
96.7
588.6
119.0
615.0
651.3
152.5
660.2
144.8
686.7
164.3
29.2
35.6
-9.5
3.1
76.5
54.5
-11.2
33.2
70.2
51.7
-12.1
30.6
69.3
-19.3
100.0
65.6
-9.2
43.6
107.0
72.9
-13.5
47.6
115.3
70.2
-7.3
52.3
115.8
58.0
— 4
58^2
221.8
137.1
231.2
145.9
228.2
143.0
233.4
149.4
236.4
150.0
239.9
151.8
244.1
156.0
248.2
158.4
-115.3
-148.2
32.9
-134.5
-178.6
44.1
-123.4
-167.3
43.9
118.1
128.7
-133.5 -129.3 -107.4 -109.2 -131.1
-180.9 -180.5 -161.3 -163.7 -176.9
47.4
54.5
45.8
51.2
53.9
0
0
0
0
0
0
0
0
408.3
437.7
418.7
450.3
480.9
546.1
542.0
545.1
414.9
-6.6
471.6
-33.9
449.6
-30.9
491.9
-41.5
540.0
-59.1
-77.7
2.2
627.0
662.3
-85.0 -117.1
SURVEY OF CURRENT BUSINESS
November 1984
Table 7.1.—Implicit Price Deflators for Gross National Product
Table 3.2.—Federal Government Receipts and Expenditures
Index numbers, 1972=100
Billions of dollars
Seasonally adjusted
Seasonally adjusted at annual rates
1982
1983
1983
II
Receipts
616.7
Personal tax and nontax
receipts
Income taxes
Kstate and gift taxes
Nontaxes
Corporate profits tax accruals
Indirect business tax and
nontax accruals
Excise taxes .
Customs duties
Nontaxes
Contributions for social
insurance
III
IV
649.3
640.2
655.0
II
I
686.4
704.3
707.4
II
295.2
288.8
5.9
.5
304.7
298.1
6.1
.5
284.6
277.8
6.3
.5
293.3
287.2
5.5
.6
301.6
294.5
6.4
.6
310.7
303.8
6.2
.6
319.7
314.0
5.0
.7
46.6
59.8
59.2
66.7
66.5
73.0
75.6
66.4
54.5
37.0
10.0
7.5
54.1
36.0
10.9
7.1
55.9
36.1
12.1
7.7
56.2
35.6
12.4
8.2
48.4
32.7
8.6
7.1
52.4
36.1
9.1
7.1
53.8
37.7
9.0
7.1
54.0
37.0
9.7
7.3
215.5
257.6
262.0
265.2
835.5
847.6
868.0
884.3
269.7
200.5
69.3
345.6
338.7
7.0
270.5
199.3
71.3
348.1
341.9
6.2
269.2
200.9
68.3
343.4
337.1
6.4
266.3
207.2
59.1
350.1
340.0
10.1
267.6
213.4
54.2
347.7
341.1
6.6
296.4
220.8
75.6
350.1
343.7
6.4
302.8
220.4
82.4
351.8
346.1
5.7
86.3
94.2
119.5
86.3
90.0
115.3
86.7
97.3
123.1
86.5
102.0
127.5
90.6
107.6
133.6
93.2
110.9
138.0
92.1
121.9
149.0
101.8
17.7
25.3
98.0
17.3
25.3
105.4
17.7
25.8
109.5
18.1
25.6
115.2
18.4,
26.0
119.2
18.9
27.2
128.6
20.4
27.1
16.1
15.0
23.4
21.7
20.5
21.0
24.1
19.7
30.6
30.0
34.4
33.7
17.7
16.4
-1.7
.5
-4.4
-.5
_ Y
-1.3
-1.3
-.4
.2
.2
-.4
148 2 -178.6
167 3
0
0
180 9 -180.5 -161.3
256
-32.0 -28.4
32 2
-116.2 -150.2 -135.1 -155.3
441.9
Personal tax and nontax
receipts .
Income taxes
Nontaxes
Other
Corporate profits tax accruals
Indirect business tax and
nontaxaccruals
Sales taxes
Property taxes
Other
Contributions for social insurance
207.38 215.34 214.25 215.89 218.21 220.58 222.40 224.44
213.6
177.7
213.0
226.0
212.8
176.8
212.6
224.9
214.8
178.0
214.5
227.3
216.0
179.3
214.8
229.7
218.0
179.0
217.4
232.6
219.2
179.5
216.4
236.0
221.5
179.3
217.8
239.8
Gross private domestic
investment
Fixed investment
Nonresidential
Structures
Producers' durable equipment ..
Residential
Nonfarm structures
Farm structures
Producers' durable equipment ..
Change in business inventories
215.4
209.5
266.4
182.8
241.3
245.1
249.3
168.6
216.0
206.4
263.7
183.3
246.4
249.4
247.3
172.6
214.4
205.2
261.3
182.2
243.0
245.9
245.4
171.7
216.0
205.1
261.4
183.2
248.7
251.7
245.7
172.7
217.7
208.1
265.9
185.8
248.3
251.2
248.0
174.7
216.6
206.3
262.6
184.4
249.4
252.3
258.5
174.1
218.6
207.4
264.1
185.4
255.9
259.2
261.7
173.6
219.5
208.3
265.4
186.7
258.6
262.1
261.1
172.3
Net exports of goods and
services
Exports
Imports
236.0
279.3
241.0
271.5
239.4
271.0
241.5
276.3
245.4
270.3
247.7
267.9
250.4
269.6
249.8
263.3
Government purchases of
goods and services
Federal
National defense
Nondefense
State and local
222.2
221.4
227.0
209.8
222.8
234.9
232.1
236.6
220.0
236.7
233.3
230.8
234.8
220.3
234.9
236.2
232.8
237.9
219.1
238.4
239.4
235.6
240.0
221.4
241.8
243.3
238.5
245.1
215.5
246.4
246.2
240.6
246.4
225.1
250.0
248.4
241.4
247.3
227.1
253.2
Table 7.2.—Fixed-Weighted Price Indexes for Gross National Product,
1972 Weights
Index numbers, 1972 = 100
1637 -176.9
Seasonally adjusted
1982
473.5
486.1
495.0
509.6
520.6
523.3
109.0
58.7
40.8
9.5
106.9
57.3
40.1
9.4
111.3
60.4
41.4
9.5
114.6
62.2
42.7
9.6
116.7
63.0
43.9
9.8
119.6
64.5
45.2
9.9
121.0
64.4
46.5
10.1
16.0
15.6
18.0
18.0
19.7
20.2
18.0
210.3
96.6
85.1
28.7
228.0
107.4
91.3
29.3
226.1
106.4
90.5
29.2
230.7
109.2
92.1
29.4
235.6
112.2
93.6
29.7
241.4
116.2
95.2
30.0
245.4
118.3
96.9
30.2
249.1
120.0
98.7
30.4
35.8
39.0
38.5
39.4
40.3
41.3
42.1
43.0
83.9
86.3
86.3
86.7
86.5
90.6
93.2
92.1
409.0
434.1
429.6
438.7
443.8
455.7
466.1
477.5
391.5
415.8
411.6
420.6
425.1
436.8
447.4
459.3
223.7
167.8
241.4
, 174.4
239.1
172.5
243.6
177.0
248.2
176.9
253.6
183.2
258.3
189.1
263.0
196.2
46.7
-19.1
27.9
50.7
21 9
32.4
50.0
-21.6
31.6
51.0
-22.4
32.9
52.5
23 2
34.4
53.6
-24.0
35.9
54.4
-24.9
37.5
55.0
25 9
39.0
47.0
Purchases of goods and
services
Compensation of employees
Other
Transfer payments to persons
Interest paid
54.3
53.2
55.3
57.6
59.9
62.4
64.9
2.8
2.6
2.6
2.6
2.6
2.7
2.7
2.8
Less: Interest received
Less: Dividends received
Subsidies less current surplus of government
enterprises
Subsidies
Less: Current surplus of
government enterprisesLess: Wage accruals
disbursements
478.2
73
.5
-7.8
.5
-7.8
.5
-7.9
.5
-7.9
.5
-8.0
.6
-8.0
.6
-8.1
.6
7.7
8.3
8.3
8.4
8.5
8.6
8.6
8.7
less
Surplus or deficit
(-), NIPA's
Social insurance funds
Other
1984
1983
1983
II
14.0
Expenditures
III r
206.0
174.5
208.7
213.6
-7.1
-22.8
-8.7
77
1577 -152.5 -156.0 -169.8
97.8
51.9
36.7
9.2
Federal gr ants-in-aid
II
I
Personal consumption
expenditures
Durable goods
Nondurable goods
Services
Table 3.3.—State and Local Government Receipts and Expenditures
Receipts
IV
.5
-.4
III
15.3
15.8
-1.1
Surplus or deficit
( ) NIPA's
Social insurance funds
Other
240.7
821.1
89.3
18.1
23.0
less
234.9
816.7
83.9
84.4
107.4
Subsidies less current surplus of government
enterprises
Subsidies
Less: Current surplus of
government enterprises .
231.7
819.7
258.9
179.5
79.4
321.6
315.3
6.3
Purchases of goods and
services
National defense
Nondefense
Transfer payments
To persons
To foreigners .
Grants-in-aid to State and
local governments
Net interest paid
Interest paid
To persons and business
To foreigners
Less: Interest received
233.7
764.9
Gross national product
1984
1983
1983
III r
306.2
298.3
7.6
.3
Expenditures
Less: Wage accruals
disbursements
641.1
1982
1984
0
0
0
0
0
0
0
0
32.9
44.1
43.9
47.4
51.2
53.9
54.5
45.8
33.7
-.8
37.5
6.6
36.9
7.0
38.0
9.5
39.1
12.0
40.5
13.4
41.9
12.6
43.3
2.5
III
IV
I
II
III r
214.8
223.8
222.9
225.5
227.6
230.4
232.8
235.1
213.9
180.5
218.9
220.7
222.4
185.0
223.2
234.3
221.5
184.0
222.7
233.2
223.6
185.5
224.3
236.1
225.5
187.4
225.6
238.5
228.2
187.7
228.8
241.5
230.0
188.8
228.8
245.2
232.2
189.1
229.6
249.4
231.4
225.9
246.9
213.9
241.7
234.5
230.4
249.8
219.3
242.3
234.5
230.0
248.1
219.6
242.9
237.1
231.0
250.0
220.0
248.7
237.5
231.7
250.8
220.7
248.4
238.6
232.9
252.3
221.8
249.4
242.2
234.7
255.3
222.8
256.4
244.0
236.0
256.2
224.4
259.1
Net exports of goods and
services
Exports
Imports
243.8
309.0
248.0
299.9
246.8
299.4
249.0
299.4
252.7
298.7
254.4
300.3
257.2
302.1
256.3
299.7
Government purchases of
goods and services
Federal.
National defense
Nondefense
State and local ....
225.6
228.7
234.0
215.1
223.6
236.5
236.7
242.3
222.3
236.4
234.8
234.8
240.1
221.0
234.7
237.8 240.7
237.2 239.9
242.5 246.1
223.7 224.0
238.2 241.2
245.0
244.1
250.2
228.5
245.5
248.2
246.4
252.9
230.0
249.4
250.7
247.7
254.0
231.5
252.6
Addenda:
Gross domestic purchases1
219.1
Final sales
214.8
Final 1 sales to domestic purchasers .
219.2
227.2
223.8
226.3
223.0
228.7
225.5
230.6
227.7
233.4
230.5
235.7
232.9
237.9
235.2
227.3
226.4
228.8
230.7
233.5
235.8
238.0
Personal consumption expenditures, food
217.3 221.8
Personal consumption expenditures, energy
363.4 365.0
Other personal consumption expenditures
199.1 209.4
221.9
221.5
223.9
230.5
229.5
230.9
364.2
370.3
368.6
366.7
369.1
367.9
Gross national product
Personal consumption
expenditures
Durable goods
Nondurable goods
Services
Gross private domestic
investment
Fixed investment....
Nonresidential
Structures
Producers' durable equipment ..
Residential....
Change in business inventories
Gross domestic product
Business
Nonfarm
215.3
215.5
215.3
224.3
223.5
224.6
208.2
210.7
212.8
214.8
217.3
220.1
223.1
222.5
225.7
225.0
227.8
226.9
230.6
229.3
233.0
231.6
235.3
233.9
Table 7.1-7.2:
1. Gross domestic purchases equals GNP less exports plus imports; final sales to domestic purchasers equals final sales less exports plus imports.
8
SURVEY OF CURRENT BUSINESS
November 1984
Table 8.1.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price Deflators, and
Price Indexes
Percent
Percent at annual rates
Percent at annual rates
Percent
Seasonally adjusted
Seasonally adjusted
1982
1983
1984
1983
II
Gross national product:
Current dollars
1972 dollars
Implicit price deflator. .
Chain price index
Fixed-weighted price index
Personal consumption
tures:
Current dollars
1972 dollars
III
IV
I
1982
rar
II
Fixed-weighted price index
Nondurable goods:
Current dollars
Implicit price deflator
Fixed-weighted price index
Services:
Current dollars
Implicit price deflator
Fixed-weighted price index
Gross private domestic
investment:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Fixed investment:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Nonresidential:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted
price
index
Structures:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted
price
index
Producers' durable
equipment:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted
price
index
IV
III
II
I
III'
9.0
2.0
6.9
7.0
6.5
5.4
-.3
5.7
5.4
4.8
2.0
-2.6
4.7
4.4
3.6
4.5
-.5
5.1
5.3
5.3
.9
4.3
5.5
5.2
4.9
7.8
1.0
6.7
7.8
7.3
24.3
18.6
4.8
5.2
5.4
10.2
6.4
3.6
3.9
4.0
4.9
.6
4.3
3.9
4.0
Federal:
Current dollars
1972 dollars
Implicit price deflator .
Chain price index
Fixed-weighted price index
13.1
6.1
6.7
6.8
6.8
4.2
.6
4.8
4.2
3.5
-3.6
5.9
2.5
1.9
.2
-2.0
-5.3
3.5
3.8
4.2
-4.3
-8.7
4.8
4.6
4.6
2.0
-2.8
5.0
8.0
7.3
50.5
45.2
3.7
3.7
3.8
8.9
7.4
1.4
2.0
2.1
13.1
12.0
1.1
1.8
2.4
-2.7
22
-.5
.1
.7
National Defense:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
16.8
7.6
8.6
7.6
6.9
11.7
7.1
4.2
4.3
3.5
9.8
7.6
2.0
2.0
.1
3.3
-1.9
5.3
4.1
4.0
13.2
9.2
3.6
5.6
6.1
12.5
3.4
8.8
6.9
6.9
14.7
12.2
2.2
4.6
4.3
-.8
-2.1
1.3
1.9
1.8
8.4
1.3
1.7
.2
-.1
2.6
1.9
1.5
Nondefense:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
29.1
5.6 -12.8 -31.5 -15.5 -44.1
211
463
136
3.1 -16.9 —32.6
4.2 -10.2
1.6 -2.2
4.9
2.5
11.7
1.8
3.1
1.5
4.1
5.3
8.3
.5
4.9
.6
3.4
6.5
277.9
217.5
19.0
.6
2.6
41.2
36.1
3.7
2.3
2.7
10.9
4.6
6.0
6.1
6.2
9.9
3.1
6.6
6.6
7.0
State and local:
Current dollars
1972 dollars '.
Implicit price deflator
Chain price index
Fixed-weighted price index
6.5
.6
7.1
7.1
6.3
6.2
.0
6.2
6.2
5.7
5.8
-.2
6.1
6.2
5.9
9.0
2.7
6.1
6.2
6.1
4.4
-1.4
5.8
5.6
5.1
11.5
3.5
7.8
7.6
7.3
10.0
3.7
6.0
6.1
6.4
11.1
5.6
5.1
5.2
5.4
4.1
-1.2
5.4
6.1
5.8
8.6
5.0
3.5
3.9
3.7
16.0
12.3
3.3
3.5
3.2
11.4
7.4
3.8
4.0
4.3
12.2
8.7
3.3
3.5
3.3
17.6
12.9
4.1
4.8
4.9
11.4
7.9
3.3
3.8
4.1
9.1
5.6
3.3
3.6
3.8
5.6
-.7
6.3
6.6
6.4
7.2
3.2
3.9
4.3
4.2
8.9
6.4
2.4
4.3
4.1
8.1
4.9
3.1
4.4
4.7
8.4
4.2
4.0
4.1
3.9
7.3
3.6
3.5
4.9
5.0
13.8
10.3
3.2
4.1
4.3
3.7
-.5
4.2
4.0
4.1
5.9
7.7
3.7
3.8
4.3
4.2
12.3
9.4
2.6
4.3
4.1
10.1
6.8
3.1
4.4
4.7
10.6
5.9
4.4
41
3.9
14.9
10.1
4.4
4.9
5.0
10.7
7.1
3.3
4.1
4.3
5.7
1.9
3.7
3.9
4.0
7.3
1.4
5.9
6.1
5.9
8.6
4.8
3.7
4.1
4.0
14.5
10.0
4.1
4.4
4.5
7.6
3.8
3.7
3.7
3.9
9.2
6.8
2.3
3.6
3.4
8.6
4.6
3.8
4.7
4.9
10.2
7.9
2.2
3.3
3.1
4.1
-.3
4.4
4.6
4.9
14.1
12.1
1.8
2.2
2.5
28.4
28.1
.2
1.3
1.8
12.0
9.0
2.8
2.7
3.3
24.0
20.5
2.9
3.9
4.1
15.8
16.3
5
.2
.6
3.7
.6
3.0
3.2
2.9
5.8
3.7
2.1
2.2
2.0
11.7
6.8
4.6
4.8
4.7
7.6
3.9
3.6
2.7
2.8
5.7
5.0
.6
2.3
2.3
9.2
4.1
4.9
5.7
5.8
11.2
2.5
8.6
8.9
9.0
9.4
3.4
5.8
6.1
6.2
13.3
7.3
5.6
4.9
5.1
6.6
2.1
4.4
4.8
5.1
8.3
3.8
4.3
4.4
4.2
6.2
1.2
5.0
5.3
5.2
Durable goods:
1972 dollars
p i it price ae ators
II
Government purchases of goods
and services:
Current dollars
1972 dollars
Implicit price deflator
Chain price deflator
Fixed-weighted price index
3.8
-2.1
6.0
6.6
6.4
expendi-
Chain price index
Fixed-weighted price index
1984
1983
1983
,
Addenda:
-14.3
15.8
13.7
13.7
52.0
52.5
43.2
38.4
35.3
37.0
78.0
71.6
2.0
2.2
24.5
25.5
-3.7
6.8
3.2
5.3
4.6
10.0
9.7
.3
.5
1.4
20.3
22.8
2.0
-2.1
-1.9
25.2
21.8
2.8
3.3
4.6
27.5
23.5
3.2
.6
.6
18.4
20.8
2.0
1.3
2.0
20.6
16.2
3.8
4.5
6.1
12.7
10.9
1.6
2.6
3.1
-1.2
-4.7
3.6
5.9
.9
2.5
-1.5
1.1
5.7
9.6
-3.5
1.6
18.5
18.7
-.2
1.0
5.7
2.0
7
1.7
1.3
-8.7 -13.7
-7.8
7.4
-1.0
-6.9
-.6 -5.2
1.6
1.4
.2
1.6
37.5
28.5
7.0
.2
3.1
1.3
5.0
.2
4.8
5.4
28.4
30.6
6.0
.9
23.9
21.3
2.2
2.2
17.9
15.9
1.7
2.0
2.1
3.0
2.4
17.2
23.2
-4.9
.6
24.1
21.3
2.3
4.8
9.1
7.0
2.0
1.2
2.3
5.0
1.3
16.5
20.6
-3.4
1.1
4.2
1.2
-5.1
68
1.9
6.2
7.6
7.3
.3
2.2
19.8
17.7
1.8
.8
29.3
26.4
2.3
.6
38.9
31.4
5.7
1.2
16.1
19.6
30
1.4
23.8
21.2
2.1
.7
23.0
19.6
2.9
2.4
6.7
2.6
.9
.8
1.2
2.0
1.8
3.0
Residential:
-12.4
Current dollars
1972 dollars
-15.0
Implicit price deflator....
3.1
3.2
Chain price index
Fixed-weighted
price
index
2.8
44.7
41.7
2.1
-1.4
71.9
78.1
-3.5
-3.4
44.4
31.6
9.7
9.6
3.3
4.0
— .7
-.1
23.6
21.3
1.9
1.7
12.1
1.2
10.9
11.0
-.6
-4.6
4.2
4.3
-4.1
9.9
-.6
1.7
11.6
4.3
18.1
14.0
3.5
3.7
3.5
5.0
-1.5
6.6
6.2
6.1
15.6
11.4
3.7
2.9
2.7
4.0
— 5
4i
44
4.5
7.9
8.8
9
-.9
-1.4
31.7
21.8
8.1
21.1
32.3
-8.5
o'
-.9
42.0
47.1
-3.5
2.1
2.3
10.9
8.0
2.6
2.0
2.3
Gross domestic purchases:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Final sales:
Current dollars
1 Q79 rlrtllcifQ
Implicit price deflator
Fixed-weighted price index
Final sales to domestic purchasers:
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
5.1
6.1
5.8
8.1
4.4
3.5
3.9
3.7
12.5
9.1
3.1
3.5
3.2
9.4
5.4
3.8
4.0
4.3
10.0
6.9
2.9
3.4
3.3
9.9
6.3
3.3
4.8
4.9
14.5
11.1
3.1
3.9
4.1
7.2
3.3
3.8
3.7
3.8
Gross domestic product:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
3.9
20
6.0
6.6
6.4
7.8
3.8
3.8
4.3
42
12.4
95
2.6
4.3
4.1
9.7
6.4
3.1
4.4
4.7
11.2
6.6
4.4
4.1
3.8
15.2
10.3
4.4
4.9
5.0
11.5
7.9
3.3
4.1
4.3
5.6
1.8
3.7
3.9
4.0
3.1
24
5.6
6.2
5.9
7.8
43
3.3
3.9
3.7
13.3
11 0
2.2
4.0
3.9
10.3
74
2.7
4.2
45
11.9
74
4.2
3.8
3.5
16.1
11.9
3.8
4.2
4.2
124
9.0
3.2
3.9
4.1
5.7
2.0
3.6
3.8
4.0
3.7
21
5.9
6.5
8.5
4.9
3.5
4i
16.1
13.2
2.5
11.5
8.2
3.0
12.8
8.6
3.9
13.1
9.8
3.0
13.4
10.0
3.-1
5.4
1.2
4.1
6.0
4.3
68
7.3
3.5
7.5
3.3
11.7
7.7
10.7
8.2
12.7
8.6
8.6
6.3
8.4
3.9
41.4
55.5
-9.0
24
-3.2
.2
-3.1
Exports:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
58
-7.8
2.2
2.5
2.2
-3.5
-5.5
2.1
2.0
1.7
-3.4
3.0
4.5
3.9
Imports:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
-3.7
13
-4.9
-2.0
-2.6
4.6
7.6
-2.8
-2.0
-2.9
37.6
31.2
4.9
33
-6.0
c
NOTE.—The implicit price deflator for GNP is a weighted average of the detailed price indexes
used in the deflation of GNP. In each period, the weights are based on the composition of
constant-dollar output in that period. In other words, the price index for each item (1972=100)
is weighted by the ratio of the quantity of the item valued in 1972 prices to the total output in
1972 prices. Changes in the implicit price deflator reflect both changes in prices and changes in
Business:
Current dollars
1972 dollars
Chain price index
Fixed-weighted price index
Nonfarm:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted
price
index
Disposable personal
income:
Current dollars
1972 dollars
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 time span reflect only changes in prices.
SURVEY OF CURRENT BUSINESS
November 1984
Reconciliation and Other Special Tables
Table 1.—Reconciliation of Changes in Compensation Per Hour in the Business Economy Other
Than Farm and Housing and Average Hourly Earnings in the Private Nonfarm Economy,
Seasonally Adjusted
1983
1. Compensation per hour of all 1 persons in the business economy other than farm and housing
(percent change at annual rate)
1984
II r
I
IV
III"
3g
39
67
37
2
16
3
5
7
1
2
2. Less' Contribution of supplements
o
3. Plus: Contribution of housing and nonprofit institutions
4. Less: Contribution of employees of government enterprises and self-employed and unpaid family
workers
.
6
10
1
2
5. Equals: Wages and salaries per hour of employees in the private nonfarm economy (percent
change at annual rate)
44
34
35
31
2
6. Less: Contribution of nonproduction workers in manufacturing
o
2
1
7 Less' Contribution of non-BLS data detailed weighting and seasonal adjustment
12
7
3
2
8. Equals: Average hourly earnings, production and nonsupervisory workers in the private nonfarm
economy (percent change at annual rate)
58
41
39
28
r
Revised.
p
Preliminary.
1. BLS estimates of changes in hourly compensation in the nonfarm business sector for the four quarters are 4.1, 6.1, 3.7 and
3.8 percent.
Table 2.—National Defense Purchases of Goods and Services
Percent change from preceding period at annual rates
Seasonally adjusted at annual rates
Billions of 1972 dollars
Billions of dollars
IV
I
220.4
84.4
86.3
87.1
89.6
89.1
5.3
3.6
67.4
57.1
23.9
7.5
7.3
5.6
4.0
8.7
10.3
23.4
18.7
6.4
3.0
2.7
1.3
1.9
3.3
4.7
25.0
20.7
7.0
4.0
3.0
1.5
2.0
3.3
4.3
26.1
21.4
6.9
3.2
3.0
1.8
2.1
4.3
4.8
27.7
22.8
7.3
3.2
3.1
2.3
2.3
4.6
4.9
26.3
21.6
7.4
3.0
2.8
2.1
2.1
4.2
4.7
13.4
14.6
70.9
18.5
1.9
.9
-1.3
-.6
13.7
7.9
8.7
11.5
13.1
1.1
1.1
6.7
-.2
-7.8
Electronics equipment
Other
Other durable goods
..
Nondurable goods
Bulk petroleum products
Ammunition
Clothing and textiles
Other nondurable goods
11.9
6.9
3.1
.7
1.2
11.5
6.8
2.8
.9
1.1
3.0
.9
1.0
.5
.5
2.9
.8
1.0
.5
.5
2.7
.9
.9
.4
.5
2.8
.9
1.0
.4
.5
2.7
.9
.9
.4
.5
88
5.1
14.0
2.4
7.4
Services
Compensation of employees
Military
Civilian
Other services
Contractual research and development
Travel
Transportation
Communications
Depot maintenance
Other
130.9
77.5
46.5
31.0
53.4
133.7
77.8
46.7
31.1
55.9
136.4
78.1
46.8
31.2
58.4
55.9
34.6
20.3
14.3
21.3
56.3
34.8
20.4
14.4
21.5
56.3
35.0
20.5
14.4
21.3
57.1
35.0
20.6
14.5
22.1
58.0
35.0
20.6
14.5
23.0
3.1
2.0
2.4
1.4
3.4
17.5
2.6
3.5
1.1
6.2
22.4
18.0
2.7
3.5
1.1
6.2
21.8
18.7
2.9
3.5
1.1
6.5
23.2
19.9
2.8
3.5
1.1
6.7
24.4
6.6
1.1
1.6
.6
2.0
9.4
6.9
1.1
1.5
.6
2.2
9.2
7.0
1.2
1.5
.6
2.2
8.8
7.2
1.2
1.5
.6
2.3
9.3
7.6
1.1
1.5
.6
2.3
9.9
Military facilities
Other
4.9
3.2
1.7
4.4
2.8
1.7
4.5
2.6
1.9
5.0
3.0
2.0
2.1
1.4
.7
2.2
1.4
.7
1.9
1.2
.7
1.9
1.1
.8
2.1
1.3
.8
Addenda:
Total purchases less compensation
Total purchases less compensation and
bulk petroleum
127.5
132.8
135.9
142.9
142.3
49.8
51.5
52.1
54.6
120.0
126.3
129.1
136.1
135.5
48.9
50.7
51.2
53.7
458-689 0 - 8 4 - 2 : QL 3
I
II
III
200.9
Durable goods
Military equipment
Aircraft
Missiles
Ships
IV
207.2
213.4
220.8
57.9
47.6
19.6
7.0
6.9
3.9
3.6
6.6
10.3
62.9
53.7
22.1
9.3
7.5
4.4
3.8
6.6
9.2
66.5
56.1
22.7
7.8
7.6
5.2
4.0
8.8
10.4
70.7
59.9
23.9
7.7
8.1
6.5
4.4
9.4
10.8
12.6
7.6
2.9
.9
1.2
11.7
6.5
3.0
1.0
1.3
11.6
6.8
2.8
.8
1.2
125.6
73.3
43.8
29.5
52.3
127.6
74.4
44.6
29.8
53.2
16.5
2.6
3.7
1.1
5.8
22.7
4.8
3.2
1.7
II
Fixed-weighted price index
III
III
IV
I
II
1984
1983
1984
1983
III
III
National defense
1984
1983
1984
1983
Implicit price deflator
III
III
IV
I
II
III
2.2
1.3
3.6
4.8
8.5
4.3
1.7
.7
4.4
5
5.1
-1.0
15.7
.2
9.9
6.4
3.0
4 4 -15.7
5.5 -1.7
4.5
2.4
5.1
5.8
2.3
2.9
-4.0
9.9
6.1
126
3.7
5.1
-.6
10.4
9.7
19.4
1.9
1.0
9.3
.5
1.1
12.6
8.0
13.3
31.7
33
-.1
10
6.6
-4.6
-9.0
3.2
2.7
3.2
4.3
1.2
24
2.1
3.8
5.1
3.8
4.4
6.1
6.3
5.4
143
2.2
3.6
1.6
-3.6
15.7
20.1 -10.2
17.4
12.6
4.6
4.6
1.4
8.5
11.9
14.3
24.7
14.2
6.2
80
1.6
2.9
3.3
_4
-2.S
7.6
1.3
2.3
-3.8
-6.1
.2
2.3
.8
2.8
3.6
4.5
2.0
1.2
12.1
15.7
16.1
15.2
5.0
2.1
1.1
.8
1.5
4.4
1.5
.9
1.0
.8
2.8
3
7.8
-5.2
-1.1
6.5
71
-3.7
.5
4.0 -12.7
6.2
1.4
4.4
1.3
4.0
8.7
13.4
4.2
.7
3.5
4.2
1.9
5.1
8.2
3.8
6.3
4.0
10.7
6.3
-.4
-.5
37
7.2
8.8
152
17.9
-3.0 -14.6
12.6
20.8
6.7
3.9
1.4
.8
3.3
-.2
-.3
1.7
9.1
3.7
3.5
4.5
2.0
4.0
10.8
15.7
16.1
15.2
4.4
2.3
1.1
.8
1.5
3.1
2.0
.9
1.0
.8
2.4
-.1
8.4
6.8
1.4
9.0
6.7
7.6
1.7
-6.0
7.0
-.3
3.9
3.8
-.3
4.3
24.1
-.1
5.2
2.3
8.3
2.5
-4.5
6.3
2.7
4.7
8.2
6.7
4.7
7.6
3.2
3.8
8.8
3.4
2.0
2.1
.5
4.6
5.7
.9
8.2
7.6
6.1
5.3
6.0
6.1
9.9
11.0
7.3
26
-5.0
3.3
1.5
1.6
1.5
3.4
2.2
6.2
54.1
7.6
2.8
4.9
1.8
1.8
4.9
5.7
3.0
7.1
2.3
53.2
8.6
6.1
5.0
2.3
2.0
6.6
4.6
4.2
8.0
3.0
88
.3
-4.9 -13.1
1.7
6.5
0
2.5
-1.4
.3
2.2
2.0
2.4
1.4
2.6
10
SURVEY OF CURRENT BUSINESS
November 1984
Table 3.—Cyclically Adjusted Federal Receipts, Expenditures, Surplus or Deficit ( — ) , and Debt
[Billions of dollars; quarters at seasonally adjusted annual rates]
1981
1982
1983
1982
1981
I
II
III
IV
I
II
III
1984
1983
IV
I
II
III
IV
I
II
III
Based on middle-expansion trend GNP:
Receipts:
707.3
711.1
697.9
678.2
686.0
Level.
631.9 665.0
685.6 613.0 625.4 642.3 646.8 659.7 671.1
700.9
662.5
666.7
680.3
20.4
Percentage of trend GNP
21.2
20.6
21.4
19.5
19.4
19.2
21.4
21.3
20.9
20.9
20.3
19.6
19.5
20.2
19.9
20.9
20.1
87.2
64
38
12.4
114
Change from preceding period
33.1
20.6
31.5
149
16.9
4.5
129
-86
176 -197
78
42
136
64.0
8.7
7.2
16.6
14.2
6.3
3.4
4.3
7.6
Due to automatic inflation effects
36.6
21.3
19.1
5.8
9.8
8.1
4.0
3.4
8.1
Due to discretionary policy and other fac7
23.2
12.4
6.2
34
2.6
.3
97
6.6
14.2
240
.2
tors
35
.6
3.3 -12.6
.8
5.5
Expenditures:
689.2 757.5
814.8 662.0 671.9 701.8 720.9 725.0 731.7
850.3
872.4
884.1
765.4
810.2
817.3
835.3
Level
807.9
796.5
23.2
23.4
23.1
23.7
24.0
23.9
23.0
23.3
23.3
23.0
23.7
23.7
24.4
Percentage of trend GNP
23.6
22.8
23.5
23.6
23.6
11.7
85.9
68.3
21.1
15.0
22.1
9.9
29.9
19.1
4.1
6.7
33.7
13.7
7.1
18.0
Change from preceding period
57.3
42.5 -11.4
2.1
18.2
37.0
29.5
14.0
4.6
11.8
1.1
3.6
9.3
2.2
3.2
2.4
.9
1.6
Due to automatic inflation effects
13.9
4.0
.6
Due to discretionary policy and other fac49.0
38.8
43.3
16.5
3.2
21.0
9.6
6.3
11.7
9.8
1.9
3.5
11.3
6.2
16.4
tors
19.8
38.5 -12.0
Surplus or deficit ( - ):
173 1
-57.3 -92.5 -129.2 -49.0 -46.5
1651
595 -74.1 -65.2 -60.5 -102.9 -141.2 -116.2 -112.3 -139.1 -149.3 -149.4
Level
-4.7
-3.7 -1.7 -1.6 -2.0 -2.4 -2.1 -1.9
-4.2
-4.5
-3.3
-4.0
-4.2
-1.9 -2.9
-3.2
-4.3
-3.4
Percentage of trend GNP
10.4
-.1 -15.7
-8.0
2.5
130
146
4.7 -42.4 -38.3
8.9
3.9 -26.8 -10.2
25.0
Change from preceding period
1.2 -35.2 -36.7
-3.2
4.9
27.1
7.1
4.8
5.1
6.2 -1.6
4.1
1.0
3.3
6.0
7.2
14.5
4.9
-9.9
-.6
7.5
Due to automatic inflation effects
Due to discretionary policy and other fac-42.3 -44.0 -4.1 -3.7 -11.4 -19.5
3.1 -20.5 -13.1
4.8
-.2 -32.5 -37.7
2.9 -30.1 -16.2
-25.9
17.5
tors
.
.
Debt:
At par value, end of period:
920.9
846.8 950.9 1,086.4 799.5 815.1 829.0 846.8 864.6 882.7
950.9
983.4 1,044.4 1,076.6 1,086.4 1,126.5 1,190.3 l.,237.4
Level
29.4
31.4
32.7
33.5
27.9
27.5
27.3
27.4
28.2
30.5
31.1
30.8
28.5
31.5
27.9
27.5
28.7
29.1
Percentage of trend GNP
At market value, end of period:
793.5 971.7 1,059.0
Level
267
300
307
Percentage of trend GNP
Based on 6-percent unemployment rate trend
GNP:
Receipts:
Level
Percentage of trend GNP
Expenditures:
Level
Percentage of trend GNP
Surplus or deficit ( — ):
Level
Percentage of trend GNP
655.7
21.4
694.9
20.7
722.1
20.1
634.5
21.6
648.3
21.5
667.4
21.5
672.6
21.0
687.8
21.1
700.8
21.1
692.6
20.5
698.2
20.3
714.1
20.4
734.3
20.6
715.0
19.8
725.1
19.7
743.0
19.8
751.9
19.7
757.4
19.6
683.8
22.3
753.2
22.5
813.0
22.7
655.7
22.3
667.0
22.2
696.6
22.4
715.9
22.4
720.2
22.1
727.1
21.9
761.2
22.5
804.3
23.4
793.5
22.6
808.3
22.7
815.9
22.6
834.1
22.7
849.6
22.7
873.0
22.9
889.2
23.0
-68.6 -106.1
20
-3.1
-79.4
23
739
-2.1
1009
-2.8
1090
-3.0
1066
-2.8
121 1
-3.2
1318
-3.4
-28.1 -58.4
g
17
-90.8 -21.2 -18.7 -29.3 -43.2 -32.4 -26.3
7
9
g
6
25
14
10
By KARL D. GALBRAITH and JOSEPH C. WAKEFIELD
National Defense Spending:
A Review of Appropriations and Real Purchases
NATIONAL defense buildup has
been underway for nearly a decade. It
was undertaken in the context of increased international turbulence and
a steady strengthening of Soviet nuclear and conventional forces, and now
spans three administrations. This article reviews the buildup in terms of
both budget appropriations and real
purchases of goods and services, a national income and product accounting
(NIPA) measure. Appropriations are
reviewed because they are the form in
which the budgetary aspects of an administration's defense policy are debated and acted upon by Congress,
and, thus, mirror many of the general
considerations—the balance of military power and sharply rising Federal
deficits—that affected the buildup.
(The accompanying box traces the
budget process and defines some
budget terms used in the article.)
However, factors other than appropriations also affected the realization
of the buildup. Some of these—for example, production stretchouts and
slowdowns—are discussed before reviewing the buildup as measured by
real purchases.
National Defense
Appropriations
In his budget message in early
1975, President Ford announced that
his appropriation request for fiscal
year 1976 would reverse the decline
in real national defense spending that
had occurred over the preceding 7
years. Appropriations had declined in
2 years, and, in addition, increases in
costs of defense programs had been
largely offset by reductions in programs and strength. Presentation of a
target in real terms reflected the enhanced awareness of inflation and
more clearly focused debate on whether, and to what extent, to undertake a
buildup.1 The administration targeted
annual real increases of 4 percent for
1. The real spending estimates that are included in
the budget documents are usually in terms of dollars
of the current year, and thus cannot be used to create
a consistent time series.
The Budget Process
The budget process has three main phases: (1) executive formulation and transmittal, (2) congressional action, and (3) budget execution.
Executive formulation and transmittal.—The budget sets forth
an administration's financial plan and priorities, or fiscal policy,
for the Federal Government. As required by the Congressional
Budget Act of 1974, the budget is a multiyear planning system
that extends coverage to the 4 years following the budget year. For
example, in the fiscal year 1985 budget transmitted to Congress on
February 1, 1984, the budget year was fiscal year 1985 and coverage extended through fiscal year 1989. In addition, the budget provides a revised estimate for the current fiscal year (in the fiscal
year 1985 budget, fiscal year 1984). The budget is formulated in
terms of budget authority—in the case of national defense, often
referred to as appropriation request—and outlays. The budget
must be transmitted to Congress within 15 days after the start of
each new session in January, unless the transmittal date is modified by a joint resolution of the Congress.
Congressional action.—Congressional review of the budget begins
when the administration transmits the budget to Congress. Under
the procedures established by the Congressional Budget Act of
1974, the Congress considers budget totals—receipts, outlays, and
the deficit—before completing action on individual appropriations.
The act requires each standing committee—such as the Armed
Services Committee, which has jurisdiction over defense appropriations—to report on budget estimates to the House and Senate
Budget Committees by March 15. The act also requires the Congressional Budget Office to submit a fiscal policy report to the two
budget committees. The Congress then adopts a first budget resolution by May 15. The first resolution sets targets for budget totals
and 18 budget functions, such as national defense. The functional
targets are intended to represent broad priorities, not specific
judgments as to the mix of programs within each function; the
latter is determined by congressional committees. A second resolution, which must be adopted by September 15, sets final totals for
revenue and spending. If the committee decisions do not meet the
first resolution targets, the second resolution must provide for a
final reconciliation by changing one or more of the following: (1)
appropriations, (2) revenues, or (3) the public debt. After the
second resolution is adopted, Congress generally cannot consider
any spending or revenue legislation that would breach the specified totals. Congress may, however, adopt a new resolution or
waive the requirements not to exceed the resolution totals.
Through the several steps of this process, the Congress acts to approve, modify, or disapprove an administration's budget proposals.
Congress can change funding levels, eliminate proposals, or add
programs not requested by an administration. It also enacts legislation affecting taxes and other sources of receipts. The Congress
does not vote on the level of outlays directly, but rather on the
budget authority that allows an agency to carry out a particular
program. This action is followed by an appropriation bill, which
provides the funds that have been authorized.
Budget execution.—Once approved, the budget, as modified by
Congress, becomes the basis for the financial plan for the operations of each agency during the fiscal year. Given the budget authority and appropriations, obligations can be incurred. Obligations include the current liabilities for wages and salaries, contracts for the purchases of supplies and equipment, and other arrangements requiring the payment or money. Obligations are liquidated by the issuance of checks or the disbursement of cash;
such payments are outlays. Outlays during a fiscal year may be
for payment of obligations incurred in prior years or in the same
year. Outlays, therefore, flow in part from unexpended balances of
prior-year budget authority and in part from current-year budget
authority.
11
12
fiscal years 1976-81. For 1976, an increase in the appropriation request—
such requests are in current dollars—
of $17 billion, or 25 percent, to $103
billion, was designed to implement
this target (table 1). The emphasis
was on maintaining defense preparedness, modernization of strategic
forces, and strengthening general purposes forces while reducing support
staff. Much of the proposed increase
was accepted by Congress; as enacted,
the increase was 13 percent.
President Carter, in the budget submitted in early 1978, sought to continue real growth. He targeted 3-percent
annual real increases for the next
several years, within an emphasis on
increases consistent with strengthening the North Atlantic Treaty Organization (NATO). The appropriation request for fiscal year 1979 was $128 billion, up $10 billion, or 9 percent, from
the preceding year. It was designed to
improve the readiness and sustainability of general purpose forces, accelerate the rebuilding of the fleet,
initiate development of a new intercontinental ballistic missile, and otherwise continue the modernization of
the strategic forces.
Key members of Congress were
skeptical that the appropriation increases were staying ahead of inflation. This concern was evidenced in a
second budget resolution, adopted in
September 1979, that included a 5percent real increase for fiscal years
1981 and 1982. Subsequently, the administration accepted the higher rate
in return for Senate consideration—
refused earlier in the wake of the
Soviet Union's invasion of Afghanistan—of the strategic arms limitation
treaty. The hearings on the treaty,
which was never ratified, reviewed in
depth the various elements of the balance of military power between the
United States and the Soviet Union.
The emerging mood added support for
increased defense spending. However,
by March 1980, a revised budget put
the rate back at 3 percent. This action
reflected the broad context in which
the budget was being formulated: the
forecasts of a weak economy in 1980
and the beginnings of a drive toward
budget balance. Nonetheless, for the
first time in 13 years, Congress significantly increased appropriations
beyond what the administration requested. For fiscal year 1981, the administration requested $162 billion;
$182 billion was finally appropriated.
SURVEY OF CURRENT BUSINESS
Table 1.—National Defense Appropriations
[Billions of dollars]
Fiscal year
Initial
budget
request
Actual
Difference
1976
103 1
972
1977
1124
1104
-2.0
1978
121.4
117.9
-3.5
1979
1284
1278
59
6
1980
138.2
145.8
7.6
1981
161.8
1823
20.5
1982
226.3
218.7
-7.6
1983
263.0
245.8
-17.2
1984
2805
2650
155
The $20 billion increase was largely
aimed at increasing production rates
for most kinds of ships and combat arcraft and at substantially increasing
military pay and benefits.
In the last budget prepared by the
Carter administration, it was noted
that the United States had exceeded
the NATO allies' commitment to increase real national defense spending
by 3 percent a year. Real appropriations were estimated to have increased more than 5 percent in fiscal
years 1980 and 1981. The request for
1982, and the 5-year plan for 1982-86,
continued that rate.
It was from this base that President
Reagan announced, in 1981, a program to accelerate the rate of increase in national defense spending.
To begin with, he requested substantial additions to spending in fiscal
years 1981 (of which 6 months remained) and 1982. The initial requested appropriation for 1982 was $226
billion, $26 billion more than the previous administration's request. The
increase from the preceding year was
by far the largest in peacetime appropriations history. Relative to the previous administration's budget, the increased funding was for the gamut of
military air, land, and sea equipment
and also higher military pay. Within
a few months, the administration
pared this request because it became
clear that production of equipment
could not be accelerated in line with
appropriations and to help reduce the
sharply rising Federal deficit that was
then in prospect.
Prior to the fiscal year 1982 budget,
Congress had accepted the administration's broad allocation of the defense budget. However, in the ensuing
congressional debate, the allocation
was questioned. In particular, it was
November 1984
alleged that the purchase of complex
weapons systems at the expense of
ammunition, spare parts, and training jeopardized the "combat readiness" of the armed forces. This issue
faded, but did not disappear. As enacted, the appropriation for fiscal
year 1982 was $219 billion, less than
the administration's request, but up
20 percent from 1981 and 50 percent
from 1980.
The prospect of large and increasing Federal budget deficits, even with
substantial cuts in nondefense spending, provided a serious challenge to
accelerated defense spending. The deficit issue had surfaced with regard to
the fiscal year 1982 appropriation,
and came to the fore a year later. As
submitted in January 1982, the
budget for fiscal year 1983 requested
an appropriation of $263 billion, up 20
percent—an estimated 13 percent in
real terms—from the 1982 appropriation. The request for 1983 included
funds for production of several weapons systems: 7 B-l bombers ($4 billion), 9 MX missiles ($1.5 billion), and
2 nuclear-powered aircraft carriers
($6.8 billion). In May, in negotiations
with Senate leaders centering on the
deficit issue, the administration
agreed to reduce proposed defense
spending over 3 years by moderate
amounts. Congress finally approved
an appropriation of $246 billion for
1983, $17 billion below the initial administration request. Also, late in
1982, Congress refused to approve production funds for the MX missile.
This action was the first congressional denial of the administration's request for a major weapon system.
As the fiscal year 1984 budget was
submitted, the economy was beginning to recover from the severe 198182 recession, but the Federal deficit
was rising sharply. The administration's request for 1984 defense spending, although trimmed from its initial
request for that year, represented a
10-percent real increase. Sentiment in
Congress was for additional restraint,
and the allocation of defense funds
was an issue again. In trimming its
proposal, the administration had
eliminated a military and civilian pay
raise, but had not significantly cut
the funding of major weapons systems. This approach not only rekindled the readiness issue, but it also
carried implications for future deficits. Unlike other appropriations
(such as for pay) that are spent in a
SURVEY OF CURRENT BUSINESS
November 1984
single year, procurement funds are
spent over a much longer time—generally 5 years, with highest spending
in the middle 3 years. Thus, trimming
appropriations for procurement would
have had a larger impact on future
deficits than trimming those for other
purposes. Congress first endorsed a
real spending increase in the range of
4 to 5 percent. By the time Congressional action was completed, the 1984
appropriation was $265 billion, down
$15 billion from the initial request. In
real terms, it was an increase of 4
percent.
The reductions from initial requests
for fiscal years 1982-84 did not curtail
the buildup in a substantial way. Several billion dollars of the "reductions"
came from lower-than-expected fuel
prices. The remaining reductions affected forces, training, and readiness
more than they affected procurement
of major weapons systems. Procurement of these systems probably was
not affected substantially for a
number of reasons. (1) In many cases,
reductions were implemented by
stretchouts and slowdowns. A stretchout extends the procurement for a
given number of units over a longer
time by reducing the rate of production. A slowdown is a temporary reduction in the rate of production,
which may or may not extend the
procurement. Neither stretchouts or
13
slowdowns result in lost spending;
they only delay spending while the
system is in the pipeline. (2) The unit
cost of some weapon systems was lowered. For example, the unit cost of the
F-18 fighter was lowered by eliminating some electronic equipment. (3)
The planned decommissioning of a
number of aged ships was accelerated
to save funds in the short run, in
order to obtain funds for a new ship.
The same factors that reduced appropriations in the short run will
cause future national defense appropriations to remain high. As noted,
stretchouts and slowdowns generally
have not resulted in canceling any
weapon systems, but in delivery of
systems over a longer period and, reflecting the lower rate of production,
at a higher unit cost. Reductions in
unit costs such as achieved by eliminating electronic equipment from aircraft will only be temporary; at some
point the extra cost will have to be incurred if the system is to perform its
mission fully. Another indication that
future appropriations will remain
high is the steady increase in the
share of national defense spending accounted for by prior-year contracts
and obligations. Prior-year contracts
and obligations were 20 percent of national defense outlays in fiscal year
1977; they increased to 32 percent in
fiscal year 1983 and are projected to
increase to 43 percent in fiscal year
1989. To the extent that the prioryear contracts, cover systems being
stretched out and slowed down, this
development is part of the effect just
noted. However, a part is for systems,
such as the B-l bomber and the MX
missile, that have only recently entered into production and will require
annual appropriations. Further, it
may well be that the sophistication of
the new generation of weapons will
mean that the training, spare parts,
and ammunition needed to support
them will be expensive and require
higher appropriations.
Table 2.—National Defense Purchases of Goods and Services, 1972-83
[Billions of 1972 dollars]
1983
1972
Aircraft
Missiles
.. .
Ships
Vehicles
Electronic equipment
Other equipment
Other durable goods
Nondurable goods
Bulk petroleum
Ammunition
Clothing and textiles
. .
Other nondurable goods
Services
Compensation of employees
Military
...
Civilian
Other services
Research and development
Travel
Transportation
Communications
Depot maintenance
Other services
Structures
Mililitary facilities
Other structures
.
1976
1977
1978
1979
1980
1981 1982
68.3
66.9
66.4
64.9
65.4
65.7
67.4
70.0
73.5
79.1
84.7
13.7
13.7
15.4
15.0
16.5
16.2
17.7
18.2
19.4
21.6
24.2
12.5
Military equipment
1975
15.0
Durable goods
1974
73.1
National defense purchases .
1973
11.6
12.1
12.7
12.6
13.8
14.2
14.8
17.1
19.7
12.1
11.6
5.8
1.9
18
7
1.0
1.3
25
4.8
2.4
1.5
5
.9
1.5
21
4.7
3.1
1.7
5
.8
1.3
16
5.2
2.5
1.6
4
.9
1.5
3.3
5.1
1.9
1.7
5
1.0
1.5
3.4
5.3
1.9
1.9
7
.9
2.0
3.8
4.8
2.0
1.9
.9
1.0
2.0
3.6
5.5
2.0
2.0
10
1.2
2.1
3.9
5.7
2.1
2.0
9
1.3
2.2
4.0
5.9
2.2
2.1
.8
1.5
2.3
4.6
6.5
2.5
2.5
1.0
1.7
2.9
4.5
7.1
3.2
2.7
14
1.9
3.4
4.5
4.8
3.7
3.2
2.8
2.3
2.2
2.3
2.2
2.4
2.5
2.8
29
18
2.1
.3
6
14
1.6
.3
4
11
1.2
.3
6
1.0
.8
.3
7
.9
.4
.4
.6
.9
.5
.3
.5
.9
.6
.3
.5
.8
.7
.3
.4
.9
.7
.4
.4
.9
.7
.4
.5
1.0
.9
.4
.5
.9
10
.5
.5
46.0
45.1
45.6
46.1
47.8
50.1
53.0
556
32.2
19.4
12.8
13.8
4.9
.9
1.2
.6
1.0
5.4
32.0
19.2
12.7
13.1
4.7
.9
1.3
.5
1.0
4.7
32.2
19.0
13.2
13.4
4.7
.9
1.3
.6
1.1
4.8
32.0
18.7
13.2
14.2
4.7
.8
1.2
.6
1.3
5.6
32.2
18.9
13.2
15.6
5.1
.8
1.2
.6
1.6
6.3
33.1
19.6
13.6
17.0
5.5
.9
1.2
.6
1.7
7.1
34.0
20.0
14.0
19.0
5.9
1.1
1.3
.6
1.9
8.2
34.6
20.3
143
21.0
6.6
1.1
16
6
2.1
90
1.8
1.6
1.6
1.6
1.4
1.6
1.5
1.7
2.0
1.2
.6
1.1
.5
1.1
.5
1.1
.5
.9
.5
1.1
.5
.9
.6
1.1
.6
13
.7
465
514
488
482
357
22.3
13.4
15.7
58
.9
1.7
.6
13
5.4
338
21.1
12.7
15.0
58
.9
1.3
.6
12
5.2
333 329
19.9
20.3
13.0 13.0
13.6
14.9
57
4.9
.9
1.1
1.3
1.2
.6
.6
11
9
5.1
5.1
2.0
2.1
1.8
1.0
10
1.0
11
1.0
8
NOTE.—Annual estimates are from table 3.10 of the National Income Product Accounts tables. See, for example, the July 1984
SURVEY OF CURRENT BUSINESS.
Real National Defense
Purchases
National defense purchases is the
final point in the spending process:
Appropriations lead to obligations
and then to outlays; outlays, in turn,
are followed by purchases.2 Purchases
are measured on a delivery basis, that
is, when goods and services are delivered to the military. They include
compensation of military and civilian
employees as well as purchases of
goods and services—such as aircraft,
missiles, research and development,
and depot maintenance—from the
business sector. Real—that is, constant-dollar—national defense purchases are prepared using detailed information on purchases and prices
paid by the Department of Defense.
They are only available for the period
beginning in 1972 (table 2). (See the
November 1982 SURVEY OF CURRENT
BUSINESS for a discussion of the development of estimates of real national
defense purchases, and table 2 page 9
of this issue for current quarterly estimates.)
This section begins by discussing
some of the factors other than appropriations that, working through production rates, affect the pattern of
real purchases. After providing historical perspective, it reviews the calendar-year changes in real national defense purchases and the shifts in
their composition since 1976. First it
2. For a reconciliation of outlays for national defense, a functional category in the unified budget, to
national defense purchases, see table 9 in Joseph C.
Wakefield and Richard C. Ziemer, "Federal Fiscal Programs," SURVEY 64 (February 1984):17. The main conceptual difference is that outlays include, and purchases do not, spending for military retirement; in the
NIPA's, military retirement pay is a transfer payment.
14
SURVEY OF CURRENT BUSINESS
provides an overview. Then it highlights purchases of military equipment, which is where the buildup has
been concentrated.
Production rates
As mentioned earlier, a number of
factors other than increases in appropriations affected the pattern of
growth of real national defense purchases. These include "buy sizes",
competition, cost overruns, stretchouts, slowdowns, and management decisions. All of them work through production rates, which affect both costs
and prices and, real purchases. A
major way that production rates
affect costs and prices is through the
allocation of fixed costs. Production of
weapon systems involves large fixed
costs, such as for research and development and for tooling. As production
rates increase with larger buy sizes,
these fixed costs can be allocated over
more units, resulting in lower unit
prices. Although it is not possible to
quantify the effect of these factors
some illustrations are suggestive.
Efforts to get production rates up
and prices down have been countered
by budget constraints and by the
large number of different weapon systems in production. Two ways in
which budget constraints have been
brought to bear are reductions in the
buy size—that is, the number of units
to be purchased in a year—and
stretchouts. For example, the Army
was mandated in the 1984 Defense
Authorization Act to reduce its buy
size of light armored vehicles. The
fixed costs will now be spread over
751 units, as opposed to 1,501 units,
for the combined purchases of the
Army and Marine Corps. As a result,
the estimated unit cost of the vehicles
is to increase 50 percent. This reduction in the buy size of a weapon
system resulted in a moderate savings
in current-dollar spending but a far
larger reduction in real purchases; at
the higher unit price, the appropriation bought fewer vehicles.
Stretchouts have been used to
reduce spending in a particular year
without cancelling a program. Recently, the purchase of 32 AH-64 helicopters was deferred to achieve a shortrun budget savings in 1984. As in the
case of the reduction in buy size, real
purchases were reduced in the year. If
the helicopters are delivered in a
future period, unit costs will be
CHART 1
Constant-Dollar GNP and National
Defense Purchases of Goods and
Services: Percent Change From
Preceding Year
Percent
10
November 1984
appears to have resulted in significant price reduction for these missiles. In 1972, prior to competition,
the Dragon missile had a unit price of
$6,542. In 1974, two contractors were
supplying the missile at unit prices of
$6,473 and $4,569. In the following
year, the higher priced contractor had
a unit price of $2,633 and the other
contractor, a unit price of $3,227. A
recent example of a private management decision was the sale by one
firm of its tank production facilities
to another. Under the new management, the unit price of the 1984 buy
was reduced 13 percent. Subsequently, Congress upped the buy size to utilize the "saving."
higher. According to a special study
by the Congressional Budget Office,
the administration's changes to the
fiscal year 1985 defense budget indicate that unit prices of many weapon
systems will increase because of
stretchouts.3
By contrast, other factors—such as
competition and management decisions—may have reduced unit prices,
allowing increased real purchases.
Competition generally plays only a
limited role in the production of
major weapons systems. Although
several firms may compete for the initial contract to do the research and
development, the field usually has
narrowed by the time the contract for
production is to be let, and purchases
are usually from a single supplier. An
attempt to develop a multisupplier
situation for the Dragon missile program provides insight on the effects
of competition. For that program, two
producers competed annually for the
majority share of the planned production for that year. The competition
Historical perspective
To provide historical perspective, a
series on real national defense purchases prior to 1972 was approximated by using the implicit price deflator
for total Federal Government purchases to deflate current-dollar national defense purchases. The broad
pattern of response to international
crisis or perceived national interest is
clear. In 1941, real purchases increased significantly as the United
States entered World War II. Following the war, they declined for a brief
period before turning up in 1948 in
response to the "cold war". A significant increase in 1951 reflected the
outset of the Korean conflict, and increases continued through 1953. Purchases declined in 1954 and continued
to do so through 1960, except in 1957,
when there was unrest in Eastern
Europe and the Near East. They increased in 1961-62 in response to a
Berlin crisis and a general strengthening of the military, but then declined through 1965. In 1966, the Vietnam conflict pushed purchases up significantly, and they continued to increase through 1968. Thereafter, purchases declined until they showed a
small increase in 1977.4
In the 36 years from 1940 to 1976,
real national defense purchases increased in fewer years than they declined. The longest period of increases
was from 1948 through 1953; the longest period of declines was from 1969
through 1976. It was this period of declining real purchases—from a Viet-
3. Congressional Budget Office, U.S. Congress, "A
Review of the Department of Defense December 31,
1983 Selected Acquisition Report (SAR)," Special
Study (July 1984).
4. For the years 1972-77, when this approximation
of real purchases and the published real purchases
series overlap, the approximated series declined by
about the same amount as the published series and
both increased in 1977 by the same amount.
-5 -
10
1973
75
77
79
U.S. Department of Commerce, Bureau of Economic Analysis
81
83
84-n-i
SURVEY OF CURRENT BUSINESS
November 1984
15
CHART 2
nam peak of roughly $100 billion in
1968 to $65 billion in 1976—that, in
National Defense Purchases of Goods
part, set the background for the curand Services as a Percent of Federaj
rent national defense buildup.
Government Expenditures, NIPA Basis
In the past, national defense pur- Percent
chases accounted for a much larger 100
share of Federal Government expenditures, and also of GNP, than in
World War H
recent years (chart 1). Earlier, both
because of their large share and the
very sharp changes, increases and decreases in defense spending impacted 80
significantly on the changes in real
GNP. For example, at the end of
World War II, real GNP declined 15
percent in 1946; excluding the approximated real national defense pur- 60
chases—which declined almost 80 percent—real GNP increased 30 percent.
The national defense buildup since
1977 has had a much smaller impact
on the changes in real GNP (chart 2). 40
In 1977 and 1978, the percent increases in real national defense purchases were less than in the remainder of GNP; GNP excluding national
defense purchases increased only 0.3
percentage point more than total 20
GNP. In 1979, national defense purchases and the remainder of GNP increased at the same rate. Since then,
the percent increases in real national
defense purchases were more than
1941-45 46-50 51-54 55-65 66-68 69-76 77-83
those in the remainder and GNP excluding national defense purchases in- U.S. Department of Commerce, Bureau of Economic Analysis
M-I 1-2
creased less or declined more than
total GNP, but never by more than real purchases increased each year
and by 1983 were 30 percent higher
one-half percentage point.
than in 1976. The increases averaged
An overview
4 percent a year, and accelerated over
Real national defense purchases the period (table 3). The increases in
first registered the current buildup real national defense purchases exwith an increase in 1977. Since then, cluding the compensation of military
and civilian employees were larger,
especially after the first 2 years.
Through 1983, the average annual
rate of increase was 6l/2 percent.
As indicated by the more rapid increase in real purchases excluding
compensation than in total purchases,
the share of total purchases allocated
to compensation declined (table 4 and
chart 3). In 1976, compensation of
military and civilian employees accounted for almost 50 percent of total
purchases. Since then, the share declined steadily to 46 percent in 1980
and 41 percent in 1983. The decline
occurred in both military and civilian
compensation, but was more pronounced in the military share.
The share of compensation declined
because the national defense buildup
has not involved any significant increase in the size of the armed forces
or in civilian personnel. From a Vietnam peak of 3.6 million (measured in
full-time equivalents) in 1968, the size
of the armed forces declined steadily
to 3.2 million in 1970 and 2.2 million
in 1980. It increased 50,000 in 1981
and then by smaller amounts, reaching 2.3 million in 1983. Civilian employment declined from 1.1 million in
1968 to about 1.0 million in 1983.
While the share of real purchases allocated to compensation declined, the
shares allocated to durable goods and
to other services—that is, noncompenation services—increased and that allocated to nondurable goods changed
very little. Since 1976, the share of
nondurable goods fluctuated around
3.5 percent. Within nondurables, the
share of total purchases allocated to
ammunition increased. The 1983 am-
Table 3.—Change in Constant-Dollar National Defense Purchases of Goods and Services
Percent change from preceding year
1973
National defense purchases
-6.6
-7.8
National defense purchases excluding compensation
1976
1975
21
-2.8
07
-.2
23
-2.6
1977
0.8
1978
0.4
1979
1980
1981
1982
1983
1972-83
1976-83
2.6
3.9
5.1
7.6
7.1
1.4
3.9
5.8
2.5
6.9
6.9
11.8
11.1
2.7
6.3
-8.3
.
.
Services
Compensation of employees
Military
Civilian
Other services
Structures
.
....
.. .
..
23
9.8
8.7
3.3
6.4
11.4
12.1
4.5
7.1
7
37
9.4
-.6
9.3
3.5
3.9
15.1
15.3
4.3
7.9
18.2
25.0
18.5
-27.3
10.1
-15.0
-1.3
27.1
17.2
-1.9
128
-25.4
9.3
-18.6
72
-10.3
10.4
108.8
19
-23.5
5.3
17.7
3.6
2.7
4.1
1.6
18.7
39.5
16.0
10.1
-9.0
4.8
9
26.3
5.3
-4.6
14.5
1
.4
17.5
11.0
6.7
4.8
3.2
3.1
74
5.2
2.5
2.2
7.6
5.7
164
9.0
15.5
11.5
10.2
14.6
31.5
20.3
4
7.9
29.3
11.6
38.9
15.1
.1
1.7
4.7
4.0
7.5
8.1
5.5
4.9
7.7
7.4
16.6
11.6
4.1
-14.6
-12.8
-18.7
-2.6
1.8
10.5
3.9
8.7
5.4
-5.1
Aircraft
Missiles
..
Ships
Vehicles
Other equipment
Other durable goods
12.1
4.4
-22.2
Military equipment
2
-7.0
Durable goods
Nondurable goods
1974
Average annual
rate of change
-1.1
-3.6
-.9
-2.0
1.1
1.1
3.5
4.9
5.7
4.9
.7
2.7
-5.3
5.6
-4.9
4.5
-1.3
-3.5
2.4
-.8
-1.3
-2.2
-8.6
-1.9
25
-1.1
1.5
-.9
8
-1.0
46
.8
-1.0
3.4
2.0
7
-1.6
.5
5.5
.6
1.1
-.1
10.0
3.0
3.3
2.6
9.0
2.4
1.8
3.4
11.9
1.9
1.7
2.2
10.3
-.3
-.9
.6
2.7
1.0
.6
1.5
6.2
-1.9
11 1
1.4
36
14.0
49
19.6
15.8
.1
3.5
5.0
-13.3
-1.5
-1.5
-13.0
-4.4
3.7
16
SURVEY OF CURRENT BUSINESS
CHART 3
Composition of Constant-Dollar
National Defense Purchases of
Goods and Services
Table 4.—Composition of Constant-Dollar National Defense Purchases of Goods and Services
[Percent]
1972
National defense purchases
Percent
601
National defense purchases excluding compensation
..
.. ..
-
Durable goods
Military equipment
Aircraft
Missiles
....
Ships
Vehicles
Other equipment
Other durable goods
Compensation
50
Nondurable goods
Services
Compensation of employees..
Military
Civilian
....
Other services
40
Structures
30
1973
1974
1975
1976
1977
1978
1979
1980
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0 100.0
\
20
10
1972
74
76
78
80
82
munition share—1.1 percent—equaled
the 1975 share, but was considerably
below that of the early 1970's. The
share allocated to structures, which
declined in the late 1970's, was 2.4
percent in 1983, about the same as in
1976.
The increase in the shares of durable goods and other services reflect
earlier decisions to modernize and increase the size of the inventory of
military equipment. The increase in
the share of other services also reflected those decisions; much of the
spending for these services, particularly for research and development
and for depot maintenance, was directly related to weapon systems.
Real purchases of other services increased at an average annual rate of
6 percent from 1976 to 1983, half
again as fast as total purchases. Research and development (R&D), the
largest category, declined steadily in
the mid-1970's as R&D appropriations
1983
100.0
100.0
506
502
505
503
51 1
50.9
525
540
550
571
201
20.5
23.1
23.1
25.2
24.7
26.2
26.0
26.4
27.3
28.6
17.1
17.0
18.1
18.1
17.9
19.4
19.2
20.5
20.4
20.2
21.6
23.2
8.3
3.8
3.2
1.7
62
5.4
7.1
4.6
2.5
.7
32
2.4
7.8
3.7
2.4
.6
36
5.0
7.8
29
2.6
.8
38
5.2
8.0
30
3.0
1.0
44
5.8
7.3
3.1
3.0
1.3
46
5.5
8.1
3.0
2.9
1.5
50
5.7
6.6
55
4.8
42
3.5
3.3
3.4
O 0
3.5
70.2
713
72.0
70.0
70.9
69.0
69.5
68.5
68.3
68.2
67.0
65.6
48.8
305
18.3
214
494
308
18.6
219
49.8
304
19.4
222
49.5
299
19.6
205
49.7
299
19.8
212
48.9
294
19.5
201
49.1
290
20.1
20.4
47.5
278
46.0
27 1
18.9
22.3
45.0
42.9
19.7
21.0
18.4
23.1
17.7
241
40.8
23.9
16.9
24.8
31
2.7
2.7
2.5
2.5
2.4
2.0
2.2
2.2
2.4
From 1976 to 1983, real purchases
of military equipment increased at an
average rate ofx 8 percent. Increases,
ranging from 3 /2 percent to over 15
percent, were registered every year
except in 1978. By 1983, equipment
purchases were 70 percent higher
than in 1976.
Each type of military equipment
purchased increased faster than total
purchases. The slowest increase was
for real purchases of aircraft, which
increased at an average annual rate
of 5 percent. This relatively slow rate
reflected the fact that a shift to a new
generation of aircraft began in the
early 1970's, before the current national defense buildup. For example,
the Navy began to take deliveries of
the F-14 in 1972, and the Air Force
began to take deliveries of the F-15 in
1974 and the E-3 in 1975. Since 1977,
the buildup has consisted of increased
production rates for all types of aircraft as well as new generations—the
B-l will replace the B-52 and the
KC-10 replaces the C-130. Aircraft
deliveries prior to 1979 were erratic,
reflecting uneven production funding.
Since 1979, when deliveries increased
8.0
3.0
2.9
1.1
52
6.2
8.3
31
3.1
1.3
58
5.7
7.0
35
2.1
7
37
31
2.7
8.2
3.0
2.9
1.3
50
5.6
59.2
8.0
26
2.4
.9
31
3.4
Military equipment
U.S. Department of Commerce, Bureau of Economic Analysis
1982
51.2
Nondurable Goods
JL
1981
20.5
were cut back; they increased moderately in 1978-79 and at an average
rate of 9 percent in 1980-83. Much of
the R&D increase since 1980 was associated with the cruise and MX missiles and the B-l bomber. The fastest
and most sustained increase was for
depot maintenance; purchases of
these services increased at an average
rate of 12 percent since 1976. Other
increases were associated with reducing a backlog of maintenance and
with repair of equipment and facilities.
Durable Goods
Structures,
November 1984
3.4
266
2.0
3.5
252
3.4
14x/2 percent, real growth has been
continuous.
Real purchases of missiles increased
at an average annual rate of 7V2 percent. Prior to the buildup, purchases
of missiles declined significantly in
1975 and 1976, as the production of
various types of missiles—such as
Minuteman III, Poseidon, and Pershing—came to a halt. The recent
buildup has funded a new generation
of missiles, including the Patriot, Trident, MX, and cruise missiles. Since
1979, purchases of missiles have increased at an accelerating pace,
reaching 29x/2 percent in 1983.
Real purchases of ships also increased at an average annual rate of
7V2 percent. A naval buildup was underway prior to 1977, but was plagued
by declining labor productivity, contract disputes, changes in the number
and types of ships to be built, and a
number of other problems. In the
early 1980's, many of these problems
were resolved, particularly in regard
to submarines. Submarines were a
major contributor to large increases
in 1982 and in 1983.
Real purchases of vehicles, dominated by tanks, recorded the fastest
average annual rate of increase—16 %
percent. The inventory of M-60 tanks
had been run down to resupply Israel
in 1973. It was rebuilt in 1976-79,
when purchases of vehicles increased
at a rate of about 25 percent a year.
The M-l, the replacement for the M60, had some early production problems, and, as a result, purchases declined in 1980 and 1981. When these
production problems were resolved,
M-l deliveries surged in 1982 and
1983. Delivery of new Bradley fighting vehicle systems and a variety of
noncombat vehicles also contributed
to the recent large increases.
By FRANK de LEEUW
Conflicting Measures of Private Saving
THE two approaches used to measure the flow of private saving in the
United States often yield conflicting
estimates. One approach measures
the difference between income and
outlays during a year or a quarter,
summed over all persons and businesses. The other measures the
change in asset holdings minus liability holdings over a year or a quarter,
summed over all the forms in which
assets and liabilities can be held. BEA
employs the first approach in the national income and product accounts
(NIPA's). The Federal Reserve Board
employs the second approach, as well
as the first, in the flow of funds accounts (FOF's), showing differences
between the two approaches as discrepancies. The two approaches to
saving measurement will be referred
to as the "income-less-outlays" apCHART 4
Two Measures of Gross Private
Saving, Annually, 1974-83
Billion $
600
500
400
300
200
I
1974
I
I
76
I
I
78
_L
L
80
Data: Federal Reserve Board
U.S. Department of Commerce, Bureau of Economic Analysis
Digitized for458-689 O - 84 - 3 : QL 3
FRASER
82
proach xand the "change-in-assets" approach.
Conceptually, the two approaches
are equivalent. The reason is that
every dollar of income not used for
outlays must be used to increase holdings of some assets—for example, a
bank balance, a share of stock, or a
capital good—or to reduce holdings of
some liability.2 Actually, however, the
two approaches yield estimates that
have differed by tens of billions of dollars in some recent years, as chart 4
shows.3 These larger differences make
it difficult to draw any conclusions
about the size of the private saving
flow.
This article assesses the reliability
of the two measures in a number of
ways. The first section reviews annual
differences between saving measures—not just the differences for total
private saving shown in chart 4, but
also those for components of private
saving, for government saving, and
for rest-of-the-world saving. The section then discusses some possible
sources of the private saving differences—one related to unrecorded
international transactions, and others
related to understatement in several
1. A variant of the income-less-outlays approach can
be constructed by adding the statistical discrepancy in
the NIPA's to the income-less-outlays measure of private saving or to its personal component (see, for example, "The U.S. National Income and Product Accounts: Revised Estimates," SURVEY OF CURRENT BUSINESS 62 (July 1982), pp. 16-17). Because this variant
does not differ appreciably from the income-less-outlays measure presented here, it will not be considered
further in this article.
2. A complication arises because changes in prices of
stocks, real estate, and other forms of existing wealth
can alter the market value of assets and liabilities. To
make the change-in-assets approach conceptually
equal to the income-less-outlays approach, these revaluations must be excluded.
3. The measures shown in chart 4, like those used
throughout this article, conform to NIPA definitions
of income and outlays. A chart based on FOF definitions would differ in level from chart 4. However, the
difference between the two measures would be the
same. For an analysis of the effect of different definitions on saving measures, see Derek W. Blades and
Peter H. Sturm, "The Concept and Measurement of
Saving: The United States and other Industrialized
Countries," in Savings and Government Policy, Conference Series, No. 25 (Boston: Federal Reserve Bank of
Boston, October 1982), pp. 1-30.
NIPA components. The second section
reviews quarterly measures of saving,
which are much more volatile than
annual measures. It then applies a recently developed statistical tool for
combining quarterly measures.4 Finally, it briefly examines the size of revisions in the quarterly estimates.
The summary section concludes
that, although it is not possible to
choose confidently between competing
measures of the level of private
saving, the income-less-outlays approach is more reliable than the
change-in-assets approach in tracking
recent changes.
I. Sources of Annual Saving
Gaps
Income-less-outlays estimates minus
change-in-assets estimates will be referred to as saving gaps. The NIPA
and FOF source tables used to derive
the two sets of estimates and the
saving gaps are shown in table 1.
The top panel of chart 5 shows
saving gaps expressed as a percentage
of trend GNP for major components
of private saving.5 Three observations
can be made about the gap for the
personal sector. First, it is the largest
gap. Second, it has generally been in
the same direction as the total private
saving gap, which is shown in the
bottom panel, but it has often been
larger. Third, part of the gap for the
personal sector has been offset by a
gap in the opposite direction for the
nonfinancial business sector. A plausible explanation of such a tendency to
offset is that total holdings of an asset
4. See Frank de Leeuw and Michael J. McKelvey,
"A True Time-Series and Its Indicators," Journal of
the American Statistical Association 78 (March 1983),
pp. 37-46.
5. The GNP trend used in the presentation is the
"middle-expansion trend" described in Frank de
Leeuw and Thomas M. Holloway, "Cyclical Adjustment of the Federal Budget and Federal Debt,"
SURVEY 63 (December 1983): pp. 28-29. The reason for
dividing by trend GNP is that the resulting ratios
highlight differences in relation to the size of the
economy rather than as dollar amounts.
17
18
or a liability may be measured relatively accurately, but the amount
held by one sector may be misstated;
the misstatement in that sector will
then have to be offset by an opposite
misstatement in one or more other
sectors. For components of private
saving, estimates of personal holdings
often tend to offset errors in other
sectors because personal holdings are
estimated as a residual.
The bottom panel of chart 5 compares the gap for total private saving
with gaps for government saving—
that is, the surplus or deficit (—) of
State and local governments and of
the Federal government—and for
rest-of-the-world saving. Gaps for government saving fluctuate in a relatively narrow range. The gap for restof-the-world saving, however, is large
in recent years and in the opposite direction from the private saving gap.
The rest-of-the-world saving gap
The inverse relation between the
private and rest-of-the-world saving
gaps is an important clue to the
source of the private saving gap. Although the two gaps have not always
moved inversely, they have done so
during major swings since 1974. A key
to following this clue is the fact that
the gap for rest-of-the-world saving is
essentially the same as the statistical
discrepancy in the U.S. balance of
payments, with the sign reversed.6
Thus, the private saving gap and the
often-noted discrepancy in the U.S.
balance of payments may have a
common source.
The sources of the balance of payments discrepancy have been investigated by experts in measuring international transactions. There is widespread agreement that an important
source of this discrepancy is unrecorded international capital transactions.
One expert states that "the discrepancy is probably largely in the capital
accounts."7 Another concludes that
"it seems likely that much of the statistical discrepancy, and in particular
much of the large swings in the statistical discrepancy in the short run, is
the result of unrecorded capital flows,
motivated by a flight from economic
or political crises abroad, by exchange
rate expectations or by relatively at-
SURVEY OF CURRENT BUSINESS
tractive rates of return in the United
States/'8 The years of large discrepancies have generally been years in
8. Lois Stekler, "The Statistical Discrepancy in the
U.S. International Transactions Accounts/' unpublished note, Board of Governors of the Federal Reserve
System (October 1983), p. 1.
which these special influences on capital movements have been strong.9
9. Stekler, "Statistical Discrepancy," pp. 3-4. For a
regression analysis of flow-of-funds statistical discrepancies leading to the same conclusion, see Patric H.
Hendershott, Understanding Capital Markets, Volume
I: A Flow-of-Funds Financial Model (Lexington, Mass.:
Lexington Books, 1977), pp. 353-61.
CHART 6
Saving Gaps as a Percentage of Trend GNP: Annually, 1952-83
Percent
COMPONENTS OF GROSS PRIVATE SAVING
PRIVATE, GOVERNMENT, AND REST OF THE WORLD
-.5 -
-1.0 -1.5 -
6. The statistical discrepancy in the U.S. balance of
payments is shown in table 1 of the quarterly articles
on U.S. international transactions in the SURVEY.
7. Jack Bame, statement in SURVEY, 63 (March
_2.0
1952
1983), p. 42.
U.S. Department of Commerce, Bureau of Economic Analysis
November 1984
54
56
58
Data: Federal Reserve Board
64
66
70
72
74
78
80
82
SURVEY OF CURRENT BUSINESS
November 1984
It is thus likely that the private
saving gap arises, to an important
extent, because of misstatement of
foreign holdings of U.S. assets. As was
discussed earlier in the case of the relation between personal and nonfinancial business saving, when a total
is measured accurately, misstatement
in one sector implies an opposite misstatement in one or more other sectors. For the case at hand, this explanation implies that if total holdings of
U.S. assets are measured accurately
but foreign holdings are misstated, domestic holdings, which are estimated
as a residual, are also misstated. Accordingly, the change-in-assets measure of private saving is suspect.
Another possible source of the balance of payments discrepancy is misstatement of net exports. There are
several ways in which misstatement
of net exports could affect the incomeless-outlays measure of private
saving. The most direct way is if
there is misstatement of investment
income, which is part of income as
well as product.
Evidence on the role of misstatement of net exports is mixed. Arguing
for its importance is the fact that for
the world as a whole there is an unexplained discrepancy in net exports.
The discrepancy seems to be linked
partly to misstatement of investment
income and partly to misstatement of
other service transactions.10 Arguing
against the role of this kind of misstatement is the variability of the statistical discrepancy in the balance of
payments. If misstatement of service
transactions is the principal factor, it
is hard to explain the more extreme
yearly fluctuations in the discrepancy—for example, its sharp reduction
in 1983."
10. International Monetary Fund, World Economic
Outlook (May 1983), pp. 161-67.
11. Stekler, "Statistical Discrepancy," p. 8.
19
Thus, misstatement of international
transactions leads to a strong case for
suspecting the accuracy of the
change-in-assets measure of saving,
and to a weaker case for suspecting
the accuracy of the income-less-outlays measure.
Whichever components of the balance of payments are misstated, however, the magnitude of the balance of
payments discrepancy is not large
enough to account for the entire private saving gap. In 1981-83, for example, the private saving gap averaged
-1.1 percent of trend GNP, while the
balance of payments discrepancy
averaged 0.7 percent. It follows that
at least some of the saving gap must
be due to factors other than balance
of payments discrepancy.
NIPA revisions
Recently released new NIPA estimates for 1977 indicate understatements for that year in presently pub-
Table 1.—Sources of Saving Estimates
Saving category and approach
Gross private
Income less outlays
1982
estimate,
in billions
of dollars
521.6
Source
NIPA Gross Saving and Investment table (5.1), line 2
565.4 Sum of 4 change-in-assets categories below 4- FOF Federally Sponsored Credit Agencies and Mortgage Pools table line 2 — line 17
Change in assets
-43.9
Gap
Personal
Income less outlays
125.4
Change in assets
222.1
-96.7
Gap
FOF Sector Discrepancies table, line 2 + line 3 + line 7
NIPA Gross Saving and Investment table (5.1), line 3
FOF Amount and Composition of Individuals' Saving table, line 45
FOF Sector Discrepancies table, line 2
Nonfmancial business
Income less outlays
3803 FOF Nonfinancial Business table, line 2, + Households, Personal Trusts and Nonprofit Organizations table line 53 + line 62
Change in assets
322.6 FOF Nonfinancial Business table, line 3, + Households, Personal Trusts, and Nonprofit Organizations table line 53 + line 62
..
Gap
Commercial banking
Income less outlays
Change in assets
Gap
Private nonbanking finance
Income less outlays
Change in assets
Gap
Federal government
Income less outlays
Change in assets
Gap
State and local governments
Income less outlays
Change in assets
Gap
Rest of the world
Income less outlays
Change in assets
Gap
57.7
FOF Sector Discrepancies table, line 3
93 FOF Commercial Banking table, line 1
170 FOF Commercial Banking table, line 2 + line 3 — line 20
-7.7
FOF Sector Discrepancies table, line 10
4.5 FOF Private Nonbank Financial Institutions table, line 1, + Amount and Composition of Individuals' Saving table, line 43
26 FOF Private Nonbank Financial Institutions table, line 2 + line 3 — line 19 + amount and Composition of Individuals' Saving table
line 43
19 FOF Sector Discrepancies table, line 11
-147.1 NIPA Gross Saving and Investment table (5.1), line 12
-151.3 FOF U.S. Government table, line 15 — line 13 + line 11
4.2 FOF Sector Discrepancies table, line 5
313 NIPA Gross Saving and Investment table (5 1) line 13
261 FOF State and Local Government— General Funds table line 11 + line 9
51 FOF Sector Discrepancies table line 4
8.3 NIPA Gross Saving and Investment table (5.1), line 17 with sign reversed
-30.2
38.5
FOF Foreign Sector table, line 9, + NIPA Gross Saving and Investment table (5.1), line 14
FOF Sector Discrepancies table, line 6
NOTES.—1. The 1982 NIPA estimates are as published in the July 1983 SURVEY OF CURRENT BUSINESS. The 1982 FOF estimates are as published in the May 1984 FLOW OF FUNDS, FIRST QUARTER
1984. Both NIPA and FOF estimates have been revised since, but the revised estimates were not incorporated into this article. 2. The value of trend GNP for 1982, used to derive the saving gaps as
a percentage of trend GNP, is $3,236.0 billion.
20
lished income and expenditure aggregates.12 Examination of some of the
factors responsible for those revisions
provides clues as to possible sources of
the saving gap, even though the gap'
in 1977 is not one of the larger ones.
One important factor is underreported income on tax returns, due to the
underground economy. Some of the
impact of this understatement on private saving is offset, however, by
other revisions. Another factor is underestimated investment, revealed by
the newly available 1977 input-output
table. The revisions are summarized
in table 2.
The
underground
economy.—A
common hypothesis about the private
saving gap is that the income-less-outlays approach is suspect because of
the "underground economy"—that is,
of underreporting of economic activity
in order to evade taxes and government laws and regulations. The underground economy, it is alleged, is
imperfectly reflected in the NIPA's
and therefore has caused understatement of income and of saving measured by the income-less-outlays approach.
It is not clear that an underground
economy imperfectly reflected in the
NIPA's would necessarily cause understatement of private saving. Underground production not recorded in
the NIPA's could cause understatement of the outlay side of the accounts as well as the income side. "Informal" retail operations, for example, could easily result in unreported
consumer expenditures as well as unreported income. It is even possible
that some of the income from illegalsource transactions such as drug dealing appears in NIPA estimates because it is reported in "laundered"
form to tax authorities, although virtually all of the expenditure is excluded.13
Nevertheless, careful review of data
sources for the year 1977 suggests
that, at least in that year, the impact
of the underground economy on the
NIPA's was larger than previously estimated and that the understatement
12. Gerald F. Donahoe, "The National Income and
Product Accounts: Preliminary Revised Estimates,
1977," SURVEY, 64 (May 1984): pp. 38-41. These estimates
are subject to further revision when the upcoming
comprehensive revision of the NIPA's is completed in
late 1985.
13. The relation of the underground economy to the
NIPA's is discussed in Carol S. Carson, "The Underground Economy: An Introduction," SURVEY, 64 (May
1984): pp. 21-37, and 64 (July 1984): pp. 106-117.
SURVEY OF CURRENT BUSINESS
Table 2.—Revisions in Selected NIPA
Aggregates, 1977
[Billions of dollars]
Under
ground
economy
revision1
GNP
Statistical discrepancy
Private saving
Personal saving .
Other saving
Rest-of-the-world saving 4
Government saving..
Total
revision
218
364
582
216
204
420
2
0
124
37
126
37
57 8
24
554
0
28
28
362
3
229
220
g
133
142
9
Personal consumption expenditures
Gross private domestic investment
Other components
Charges against GNP
Other
revision
2
36 2
o
o
o
19
19
17
17
1. These are the revisions in the adjustments for misreporting of tax return information used to estimate the NIPA's.
2. The revision in personal income was the same as in
charges against GNP.
3. The revision in personal income less the revision in
personal consumption expenditures.
4. Net foreign investment with the sign reversed.
Source: Gerald F. Donahoe, "The National Income and
Product Accounts: Preliminary Revised Estimates, 1977,"
SURVEY 64 (May 1984): pp. 38-41.
of income was larger than that of outlays.14 Incomes were revised upward
by $57.8 billion, and personal consumption expenditures by only $21.6
billion. The difference between these
two estimates, $36.2 billion, is the revision of private saving in current
NIPA estimates for 1977 due to understatement of the underground
economy. This revision is offset in
part, as table 2 shows, by downward
revisions of $22.9 billion in private
saving due to other factors.
Estimates of understatement for
years other than 1977 are not yet
available. It seems likely, however,
that the activities understated in 1977
changed gradually rather than undergoing violent fluctuations and disappearing completely in some years.
The underground economy has probably contributed to a continuing understatement of income-less-outlays
estimates of saving, but not to the
large year-to-year swings in the difference between the income-less-outlays
and the change-in-assets measures.
Investment— Investment in equipment and structures forms one component of the change-in-assets measure of private saving. Revisions in investment estimates therefore directly
alter the change-in-assets measure.
Revisions in investment estimates do
14. See Robert P. Parker, "Improved Adjustments
for Misreporting of Tax Return Information Used to
Estimate the National Income and Product Accounts,
1977," SURVEY, 64 (June 1984): pp. 17-25.
November 1984
not directly alter the income-less-outlays measure.15
The recently published new estimates of investment for 1977 indicate
an understatement of gross private
domestic investment of $12.6 billion.16 They suggest that, as far as
this component is concerned, the
change-in-assets measure is understated. Correction for this understatement alone would widen the gap between the two measures of private
saving.
Overall, the new NIPA estimates
have little effect on the private saving
gap for 1977; revisions in the incomeless-outlays estimates are roughly
offset by implied revisions in the
change-in-assets estimates. There is
not, however, a large saving gap to
explain in 1977. It is possible that
some of the factors underlying the
1977 revisions will help to explain the
large saving gaps of some more recent
years.
II. Quarterly Measures of
Private Saving
This section begins with a review of
quarterly saving gaps. It then applies
a recently developed statistical tool
for combining the quarterly measures. Finally, it analyses the size of
quarterly revisions in the two measures of saving.
Quarterly saving gaps
Quarterly measures of private
saving have exhibited the same broad
movements as annual measures, but
the quarterly measures have been
much more volatile. Chart 6 illustrates this volatility and suggests that
the change-in-assets measure has
been the more volatile of the two
quarterly measures.
Chart 7 shows that quarterly volatility has also characterized gaps for
the major components of private
saving and for rest-of-the-world
saving. Both the personal and nonfinancial business saving gaps, shown
in the top panel, have fluctuated
sharply and often in opposite directions. The rest-of-the-world saving
15. Revisions in investment must be accompanied by
revisions in one or more other items in the NIPA
saving and investment account. Although private
saving is one of these items, they also include net foreign investment, government saving, and the statistical discrepancy in the NIPA's.
16. Donahoe, "The National Income and Product Accounts."
21
SURVEY OF CURRENT BUSINESS
November 1984
gap, shown in the bottom panel, has
also been highly volatile in recent
years. The correlation coefficient between the private and the rest-of-theworld saving gaps, however, is much
smaller for the quarterly estimates
shown in chart 7 ( — 0.55) than for the
annual estimates shown in chart 5
(-0.76).
Chart 7 also shows that the quarterly private saving gap was highly
volatile long before the 1970's, when
the rest-of-the-world gap became
large. Quarterly volatility of private
saving is thus not associated with the
emergence of large statistical discrepancies in the U.S. balance of payments. Differences between the two
approaches in seasonal adjustment
and interpolation procedures probably
contribute to the volatility, but there
are no obvious clues in understanding
specific large increases or decreases in
quarterly gaps.
that can be applied to each of the two
estimates in order to construct a
weighted average more accurate than
either estimate alone.17
In the analysis of this section, the
two private saving estimates are each
expressed as deviations from the most
recent four-quarter average of its
ratio to trend GNP. This transformation largely eliminates the systematic
influences reflected in the annual estimates discussed earlier in this article and highlights the volatile quarter-to-quarter movements.
The analysis is based on the assumption that each of the two indicators—that is, the two saving-ratio deviations—depends on (a) true deviations of the saving ratio from its
four-quarter average and (b) random
variations. In mathematical terms,
this assumption may be stated as:
(1) S/YA=ai + bi S/YT+Ui
(2) S/YB=a,2 + b2 S/YT+U2
where S/YA and S/YB are the two
saving-ratio deviations, S/YT is the
true saving-ratio deviation, U\ and Uz
are random variations, and the a's
and b's are coefficients expressing the
relation, apart from random vari-
Relative weights for quarterly
measures
The volatility of quarterly saving
movements suggests that irregular or
random movements are important
components of the quarterly estimates. This section applies a technique for analyzing time series that
have significant random error. The
technique leads to relative weights
17. The analysis in this section follows the general
procedure described in de Leeuw and McKelvey, "A
True Time-Series." The details of the application to
quarterly saving ratios are not presented here; they
are available on request from the author, BEA, U.S.
Department of Commerce, Washington DC 20230.
ations, of each of the two indicators to
the true series.
It is intuitively plausible that the
relative weights for a weighted average of the two indicators should
depend on their average sensitivity to
true deviations from trend and on
their random variations. The coefficients 61 and 62 measure the average
sensitivity of each indicator to true
deviations; if one coefficient is very
close to zero, that indicator should receive very little weight. The terms U\
and Uz measure the noise in the two
indicators; if movements in one indicator consist largely of noise, that indicator should receive very little
weight.
The derivation of the precise formula for relative weights and of a statistical procedure for estimating the elements of the formula is not presented
in this article.18 Some of the critical
magnitudes used in applying the formula, however, are shown in table 3.
18. The formula for the weight for indicator "x" relative to indicator "y" is:
WK
(bx/by)(Sy/Sx)-r
Wy
(Sx/Sy)-r
where bx and by are the b coefficients in equations (1)
and (2), Sx and Sy are the standard deviations of the
two indicators, and r is the correlation coefficient between the indicators. It is derived by dividing equation
(2.2) by equation (2.3) in the de Leeuw and McKelvey,
"A True Time-Series," p. 39.
CHART 8
Gross Private Savings as a Percentage of Trend GNP: Quarterly, 1952: 11-1984:1
Percent
Percent
21
21
20
20
19
19
18
18
17
17
16
16
15
15
14
14
13
13
12
1952
54
56
58
60
Data: Federal Reserve Board
U.S. Department of Commerce, Bureau of Economic Analysis
62
64
70
72
74
76
78,
80
82
84
12
22
November 1984
SURVEY OF CURRENT BUSINESS
CHART 7
Saving Gaps as a Percentage of Trend GNP:
Quarterly, 1952: 11-1984: I
SELECTED COMPONENTS OF GROSS PRIVATE SAVING
i l l III i l i n I M i l l ii I M i l l i i l n i h i i l i n l nil i n l i n l inl nil ill h i i l i i i I i i i h ill ii i l i n h ii h i i l n
PRIVATE AND REST OF THE WORLD
i 111 i 11 u i f i N 11 u 111 ill! 11 i ill 11 ill l W 'rij
1952
54
56
Data: Federal Reserve Board
U.S. Department of Commerce, Bureau of Economic Analysis
60
62
llN4l4Bll4tt
64
66
68
70
72
74
76
78
80
82
84
-4
November 1984
The relative standard deviations of
the two indicators are an important
determinant of their relative weights.
The table shows that the standard deviation of the income-less-outlays
measure is smaller than that of the
change-in-assets measure. The contrast between the two standard deviations is greatest for the 1953-73 subperiod, in which the income-less-outlays deviation is about one-half the
change-in-assets deviation. For the
1974:1-1984:1 subperiod, the incomeless-outlays deviation is only about 20
percent smaller than the change-inassets deviation. In spite of the greater similarity of standard deviations in
the second subperiod, however, the
correlation coefficient between the
two indicators is smaller in the
second subperiod than in the first.
The weight derivation procedure
applied to the 1953-73 subperiod
places nearly all of the weight on the
income-less-outlays approach; that approach receives 13.8 times the weight
of the change-in-assets approach in estimating current movements in the
saving ratio (relative to its most
recent four-quarter average). The
much higher standard deviation of
the change-in-assets approach is thus
interpreted as greater noise rather
than more sensitivity to movements
in the true saving ratio.
For the 1974:1-1984:1 subperiod, the
results are different. The income-lessoutlays measure still receives more
weight, but it receives only 2.2 times
as much weight as the change-inassets measure. This result is heavily
influenced by the standard deviations
of the two measures, which are much
closer to each other in the second subperiod than in the first. The results
suggest that for recent years, although the two measures should not
be weighted equally, neither should
be ignored in interpreting movements
in private saving.
Revisions
Data revisions have tended to be
larger for the change-in-assets measure than for the income-less-outlays
measure. In the first quarter after initial publication, estimates of the
change-in-assets measure were revised
by more than $5 billion (in either direction) 75 percent of the time in the
period 1975:11 to 1983:11, compared
SURVEY OF CURRENT BUSINESS
Table 3.—Quarterly Measures of Private
Saving Deviations
1953:1 to
1984:1
Standard deviations, (percentage points)
Income-less-outlays measure
Change-in-assets measure....
Correlation coefficient
tween two measures
be-
1953:1 to
1973:IV
1974:1 to
1984:1
0793
1.186
0675
1.182
0990
1.192
.626
.675
.576
NOTE.—Private saving deviations are equal to the ratio of
private saving to trend GNP, minus the most recent fourquarter average of that ratio, in percentage points.
with only 53 percent for the incomeless-outlays measure. In the second
quarter after initial publication, revisions greater than $5 billion occurred
71 percent of the time for the changein-assets measure and only 16 percent
of the time for the income-less-outlays
measure. In the third and subsequent
quarters after initial publication, cumulative revisions over $5 billion occurred 97 percent of the time for the
change-in-assets measure and 79 percent of the time for the income-lessoutlays measure.19 This article is
based on the latest estimates currently available.
III. Summary
Two measures of private saving in
the United States, the income-lessoutlays measure and the change-inassets measure, have differed by tens
of billions of dollars in recent years
(chart 4). The analysis in this article
suggests several conclusions about the
reliability of the two measures.
The most important conclusion is
that misstatement of international
transactions—the statistical discrepancy in the U.S. balance of payments—probably accounts for much
of the private saving gap, but not all
of it. Unrecorded capital transactions
are undoubtedly an important cause
of the statistical discrepancy, capable
of explaining some of the largest yearto-year fluctuations. The misstatement of capital transactions implies
that domestic asset holdings are misstated and therefore that the changein-assets measure of saving is suspect.
19. These percentages are based on the sum of
household and corporate saving as published in the
FOF's. That sum differs slightly from the private
saving concept used in the rest of this article, but it is
a sum for which estimates as of the same date for the
two approaches can readily be compared.
23
Unrecorded current transactions—
that is, exports and imports—may
also contribute to the statistical discrepancy, but they do not seem capable of explaining the year-to-year fluctuations. To the extent that these
transactions
are misstated, the
income-less-outlays measure of saving
may be suspect.
Two other contributors to the general level of the saving gap can be detected, but neither seems capable of
contributing much to the explanation
of the sharp year-to-year fluctuations.
One is the underground economy.
Recent estimates for 1977 indicate a
larger understatement in income than
in outlays and therefore imply understatement of the income-less-outlays
measure of saving. The other contributor is understatement of domestic investment. Recent estimates for 1977,
which indicate some understatement
of investment, imply that the changein-assets measure of saving is too low.
For 1977, these and other NIPA revisions have very little net effect on the
private saving gap. It remains to be
seen whether revisions for more
recent years will help to reduce the
large saving gaps that occur in some
of those years.
These conclusions do not lead to a
strong preference between the two
measures of the level of saving. They
do, however, suggest that for measurement of recent year-to-year
changes the income-less-outlays approach is probably more reliable, because the one factor that seems capable of accounting for these changes—
unrecorded
international
capital
transactions—implies
that
the
change-in-assets measure is in error.
Analysis of quarterly fluctuations
in saving reinforces the preference for
the income-less-outlays approach as
the better indicator of changes. A statistical procedure for choosing relative weights for the two approaches
assigns about twice as much weight to
the income-less-outlays approach as to
the change-in-assets approach for the
period from 1974 to date.
Overall, this article thus suggests
that, although it is not possible to
choose confidently between competing
measures of the level of private
saving, the income-less-outlays approach is more reliable in tracking
recent changes.
U.S. Direct Investment Abroad: Country Detail for Selected Items, 1977-83
The following table contains BEA's latest estimates of selected data items for 1977-83 for
every country in which there was U.S. direct
investment.1 The article "U.S. Direct Investment Abroad in 1983," which appeared in the
August 1984 issue of the SURVEY, included esti-
mates for 1982-83 in less detail by country but
cross-classified by industry. Comparable country-by-industry estimates for years before 1982
may be found in the annual direct investment
articles that appeared in prior August issues of
the SURVEY.
1. U.S. direct investment abroad is the ownership or
control, directly or indirectly, by one U.S. person of 10
percent or more of the voting securities of an incorporated foreign business enterprise or an equivalent interest in an unincorporated foreign business enterprise.
Table 1.—U.S. Direct Investment Abroad:
[Millions
Capital outflows (inflows (— ))
Direct investment position
Line
1977
1979
1980
1981
1982
1983
1977
1978
1979
145,990
162,727
187,858
215,375
228,348
221,512
226,117
11,893
16,056
25,222
110,120
All countries
1
2 Developed countries
1978
121,230
139,477
158,214
167,439
164,157
169,582
7,866
10,555
18,191
3
Canada
35,052
36,396
40,662
45,119
47,073
46,183
47,538
1,581
1,206
4,477
4
Europe
62,552
70,647
83,056
96,287
101,601
99,459
102,461
5,289
7,820
12,259
49,458
4,612
768
6,490
11,189
308
986
3,186
677
4,534
16,709
56,310
4,727
887
7,195
12,766
319
1,361
3,713
570
5,245
19,527
66,457
5,844
1,116
8,085
13,699
381
1,842
4,364
539
6,891
23,696
77,500
6,259
1,266
9,347
15,415
347
2,319
5,397
652
8,039
28,460
80,743
6,288
1,377
9,132
15,841
346
2,701
5,275
655
8,813
30,316
77,777
5,268
1,149
7,807
15,860
306
3,114
4,642
1,149
8,566
29,914
78,878
5,146
1,401
6,900
15,994
249
3,674
4,790
1,223
8,649
30,851
4,077
635
20
260
416
17
273
62
106
456
1,831
6,570
246
116
634
1,482
8
376
512
-107
708
2,596
9,993
1,104
224
870
882
61
478
679
-24
1,647
4,073
13,093
364
1,240
163
2,324
1,160
7,182
221
439
(D)
150
(D)
5
217
(D)
D
( D)
( )
-15
0
14,337
406
1,197
190
2,195
1,201
8,419
242
487
10
153
(D)
5
245
(D)
(D)
D
(D)
( )
(*)
16,600
450
1,353
220
2,677
1,398
9,682
222
598
18
162
(D)
5
305
(D)
(D)
(D)
(D)
-1
18,787
524
1,679
257
2,678
1,474
11,280
207
688
16
188
(D)
5
358
(D)
D
(D)
(D)
( )
20,858
597
2,291
299
2,876
1,387
12,499
209
699
13
211
(D)
5
343
(D)
(D)
(D)
(D)
-4
21,682
584
3,018
271
2,553
1,099
13,326
136
694
12
193
1
5
345
110
3
1
30
-4
23,584
551
3,460
206
2,440
968
15,065
141
754
8
211
1
5
387
106
3
1
38
-4
1,212
46
260
29
201
6
646
D
(D)
(D)
( )
-5
(D)
(*)
22
D
(D)
(D)
( )
1
0
1,249
40
-64
25
92
43
1,231
20
47
(D)
3
(D)
(*)
27
(D)
(D)
(D)
(D)
(*)
2,267
43
156
29
492
197
1,261
-22
110
8
9
D
( )
(*)
60
(D)
D
(D)
(D)
( )
-1
5
6
7
8
9
10
11
12
13
14
15
European Communities (10)
Belgium
Denmark
France
Germany
Greece
Ireland
Italy
Luxembourg
Netherlands
United Kingdom
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Other Europe
Austria
Norway
Portugal
....
...
Spain
Sweden
Switzerland
Turkey
Other
Cyprus
Finland
Gibraltar
Iceland
..
. •
Liechtenstein
Malta
Romania
Union of Soviet Socialist Republics
Yugoslavia
Unallocated
..
... .
.. .
35
Japan
4,593
5,406
6,180
6,225
6,762
6,928
8,059
411
725
760
36
37
38
39
Australia, New Zealand, and South Africa
Australia
New Zealand
South Africa ....
.
7,923
5,823
410
1,690
8,781
6,473
457
1,851
9,579
7,149
525
1,905
10,583
7,654
579
2,350
12.003
8,762
623
2,619
11,588
8,488
588
2,512
11,524
8,627
578
2,319
585
456
18
111
804
608
42
154
694
550
67
77
31,800
Latin America
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
South America
Argentina
Brazil
Chile
Colombia
Ecuador
Peru
Venezuela
Other
....
Bolivia
French Guiana
Guyana
Paraguay
Surinam
Uruguay
Unallocated
58
59
60
61
62
63
64
65
66
67
Central America
Mexico
Panama
Other
Belize
Costa Rica
El Salvador
Guatemala
Honduras
Nicaragua
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
Other Western Hemisphere
Bahamas
..
Bermuda
Netherlands Antilles
Trinidad and Tobago
Other
Barbados
Cuba
Dominican Republic
French Islands — Caribbean
Grenada
Haiti
Jamaica
United Kingdom Associated States . .
United Kingdom Islands — Caribbean
Unallocated
24
.
.. .
....
.. .
...
..
.
.....
...
.
..
.....
37,584
44,680
53,206
56,163
52,441
50,978
4,192
5,587
6,967
27,514
40 Developing countries
41
31,770
35,220
38,761
38,838
32,546
29,501
3,949
4,014
3,362
11,243
1,262
5,695
159
662
247
1,160
1,560
497
117
(D)
3
D
(D)
( )
66
0
13,102
1,420
6,961
185
748
277
1,210
1,793
507
90
(D)
6
56
(D)
81
(°)
14,542
1,849
7,298
280
893
303
1,534
1,806
577
99
(D)
7
45
(D)
103
(°)
16,342
2,540
7,704
536
1,012
322
1,665
1,908
655
124
(D)
7
55
(D)
141
(D)
18,216
2,757
8,247
847
1,170
276
1,926
2,252
741
163
(D)
10
66
(D)
159
(D)
20,054
3,002
8,995
617
1,638
387
2,266
2,328
819
209
(D)
11
51
(D)
122
(D)
19,753
3,054
9,022
627
1,871
425
2,316
1,641
796
206
(D)
12
33
(D)
111
(D)
833
106
391
25
58
-82
35
278
23
6
1
-1
12
-3
11
0
1,652
138
1,213
33
76
27
45
116
4
-31
(D)
2
-2
(D)
15
(D)
1,418
419
350
92
134
24
324
12
63
10
(D)
2
-17
(D)
21
(D)
6,340
3,201
2,442
698
21
178
79
155
157
108
6,935
3,633
2,557
744
21
195
98
147
164
119
8,250
4,481
2,921
848
19
239
98
188
215
88
10,193
5,986
3,170
1,037
24
303
105
229
288
89
11,810
6,979
3,785
1,046
36
254
112
234
327
83
10,773
5,544
4,396
832
47
224
106
206
253
-4
10,330
4,999
4,519
812
30
227
113
198
251
-5
410
200
189
21
12
8
2
-16
14
6
557
414
107
37
(*)
14
16
-7
7
6
1,286
828
359
99
-2
44
(*)
36
51
30
9,932
997
7,708
-792
971
1,048
26
(D)
243
12
(D)
14
378
45
336
0
11,734
1,527
9,099
-830
885
1,053
28
(D)
277
20
(D)
15
333
45
340
(*)
12,429
2,262
9,961
-2,087
930
1,363
32
(D)
251
21
(D)
20
308
59
677
(*)
12,226
2,712
11,045
-4,336
951
1,853
40
(D)
316
21
(D)
34
407
62
979
(*)
8,812
3,009
10,390
-7,143
933
1,623
42
(D)
369
18
(D)
31
429
164
576
(*)
1,720
3,392
11,037
15885
982
2,193
43
(D)
408
14
(D)
36
535
433
729
(*)
-582
4,061
11,455
19722
937
2,687
45
(D)
467
14
(D)
35
553
641
937
(*)
2,705
65
1,870
493
280
-4
(*)
(*)
8
-1
(*)
2
-6
1
9
0
1,805
545
1,384
-33
-87
5
2
(D)
29
8
(D)
(*)
-47
(*)
3
(*)
658
735
858
-1,255
45
274
3
(D)
-61
1
(D)
5
25
14
337
(*)
25
SURVEY OF CURRENT BUSINESS
November 1984
Country Detail for Selected Items
of dollars]
Capital outflows (inflows ( )
-)
Income
Fees and royalties
Line
1981
1980
1982
1983
1977
1978
1979
1980
1981
1982
1983
1977
1978
1979
1980
1981
1982
1983
19,222
9,624
-4,756
4,881
19,673
25,458
38,183
37,146
32,549
22,268
20,757
3,883
4,705
4,980
5,780
5,794
5,561
6,275
1
17,893
5,965
-1,229
5,862
11,888
16,230
24,918
24,638
18,944
13,269
14,844
3,497
4,054
4,181
4,841
4,714
4,596
5,073
2
3,906
-757
-1,616
1,413
3,253
3,516
5,517
5,855
4,253
2,879
5,157
791
811
886
931
973
962
991
3
13,011
5,278
783
3,224
7,211
10,350
17,086
15,991
11,837
8,987
7,929
2,231
2,561
2,646
3,176
3,002
2,981
3,315
4
10,811
386
149
1,243
1,581
-31
468
1,028
86
1,103
4,797
3,257
-28
104
-157
293
1
315
-36
9
769
1,989
-257
-146
-137
-548
18
-50
475
-2
146
-274
261
1,459
-54
191
-644
184
-45
586
292
76
76
797
5,656
387
24
392
1,491
45
140
301
60
1,028
1,787
8,316
414
83
816
2,668
28
318
547
96
1,171
2,174
14,080
948
170
972
2,898
39
397
925
32
1,934
5,765
12,876
556
111
1,253
1,864
60
392
1,298
81
1,853
5,408
890
,8
177
93
148
849
36
573
385
90
1,218
5,411
6,725
120
75
-83
1,087
26
.620
484
135
1,198
3,061
5,895
272
102
-101
689
9
759
305
61
1,172
2,628
2,034
190
29
351
458
9
26
172
10
287
503
2,271
186
39
300
429
11
41
205
7
387
667
2,385
194
46
295
464
9
55
244
7
323
749
2,793
303
51
365
598
12
85
286
8
318
765
2,687
271
51
324
511
15
86
273
10
347
798
260
,8
224
45
281
495
14
115
288
9
390
819
2,936
232
58
368
524
15
115
307
9
540
768
5
6
7
8
9
10
11
12
13
14
15
2,021
59
613
46
189
-84
1,184
1
13
-3
24
(D)
(*)
-15
D
(D)
(D)
(D)
()
-3
1,040
-70
691
-39
-75
-165
758
-79
20
-1
8
(D)
(*)
2
(D)
D
(D)
(D)
()
0
1,766
-30
225
-28
-49
-183
1,767
4
60
-5
18
0
(*)
42
-3
0
0
8
0
1,555
78
243
20
117
28
1,021
-33
81
1
18
D
(D)
()
43
(D)
(D)
(D)
-1
0
2,034
76
343
17
120
40
1,363
-12
87
2
17
(D)
1
(D)
D
(D)
(D)
()
2
(*)
2,858
1
944
32
-81
-2
1,896
1
68
-1
29
(D)
(*)
D
(D)
()
(D
°
)
()
(*)
0
2,263
-26
918
-11
-102
-25
1,430
24
56
5
23
(*)
(*)
43
-11
(*)
(*)
-3
0
2,034
15
671
-27
-237
23
1,462
33
88
4
35
0
(*)
(D)
(D)
0
0
6
0
197
26
44
7
51
53
1
3
12
(*)
13
0
(*)
-4
1
(*)
0
(*)
0
289
31
61
8
59
62
46
7
15
(*)
13
0
(*)
1
1
0
0
261
27
60
10
68
76
-2
5
17
(*)
14
0
1
(*)
1
0
0
379
42
59
14
99
93
44
7
21
1
22
0
0
-3
1
0
0
0
315
36
58
14
85
82
15
5
21
(*)
18
0
(*)
1
1
0
0
1
0
301
37
56
17
80
75
10
3
23
1
20
0
(*)
(*)
0
383
38
66
9
104
90
49
6
20
(*)•
17
0
(*)
-2
1
0
0
3
0
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
2,200
73
322
36
53
93
1,551
-15
87
-2
26
(D)
-1
54
(D)
(D)
(D)
(D)
(*)
3,005
90
248
23
370
214
1,988
-15
87
2
20
(D)
1
(D)
D
(D)
(D)
()
(*)
-1
3,115
102
565
34
225
198
1,865
-3
129
2
35
(D)
1
(D)
(D)
D
(D)
()
-3
(*)
1
1
0
0
1
0
(*)
0
19
488
-2
1,049
598
1,199
833
839
939
650
1,193
258
436
397
413
363
303
387
35
957
478
48
432
956
623
52
281
-395
-318
-25
-51
175
273
12
-109
826
623
27
176
1,165
895
53
217
1,482
1,099
17
366
1,953
1,217
69
666
1,914
1,362
61
491
752
535
25
192
565
362
40
164
216
155
13
48
247
178
15
54
253
181
17
55
321
225
20
77
377
273
20
84
350
257
19
73
379
280
18
81
36
37
38
39
1,150
2,993
-3,790
-1,510
7,685
9,075
13,004
11,894
12,644
8,262
5,164
661
876
1,008
1,227
1,333
1,173
1,278
40
2,833
-197
-6,500
-3,066
3,712
4,779
6,520
6,968
6,143
2,706
690
299
372
422
581
671
590
514
41
1,677
680
338
253
106
19
131
73
77
25
(D)
(*)
10
(D)
36
(D)
1,931
308
521
309
154
-48
264
343
81
39
0
3
6
(D)
18
(D)
-391
51
46
12
231
38
23
-769
-23
-3
(*)
2
-18
2
-12
6
1,379
257
589
28
89
34
35
329
19
-19
-1
1
-1
24
15
0
1,652
135
910
30
96
32
164
277
7
-7
(D)
1,614
520
247
37
22
66
508
142
71
-7
(*)
2
5
()
°
35
(D)
1,892
695
499
7
68
(D)
(D)
108
116
15
(*)
1
5
(D)
45
(D)
1,671
104
499
161
59
52
405
297
94
23
(*)
(*)
-1
(D)
33
(D)
2,166
381
884
-27
220
25
301
311
72
37
(*)
1
-15
10
-5
45
341
314
297
63
130
42
146
-675
24
14
(*)
(*)
-12
12
-2
13
117
16
27
4
9
5
5
34
18
1
(*)
(*)
1
(D)
()
°
0
130
43
20
9
7
6
8
14
23
2
0
(*)
1
(D)
(D)
1
176
25
37
9
10
7
(D)
15
(D)
2
0
(*)
(*)
(D)
(D)
(*)
206
58
33
13
15
7
15
30
34
4
0
(*)
1
(D)
(D)
(*)
215
59
29
16
16
10
29
25
30
4
0
(*)
2
D
(D)
()
1
178
47
28
15
16
9
17
21
25
4
0
1
2
(D)
()
°
(*)
163
45
35
19
20
7
17
7
12
2
0
(*)
1
6
2
(*)
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
1,868
1,461
227
180
3
64
6
33
73
1
1,492
951
536
5
13
-52
7
5
39
-6
-324
-494
189
-19
-17
3
6
-7
-3
-1
732
243
435
55
-3
16
17
-8
22
11
860
581
257
22
-1
-5
19
29
-17
-3
1,351
843
449
59
-2
8
16
17
32
-13
1,797
1,167
488
141
(*)
49
12
17
62
(*)
1,935
1,362
587
-14
-2
-10
11
-12
-1
1
-846
-1,309
499
-35
-9
-25
8
2
-6
-6
482
-169
579
73
-9
17
8
29
22
5
124
67
41
15
(*)
4
3
3
2
3
147
85
42
19
1
5
3
4
4
2
174
113
46
15
(*)
3
2
6
2
2
281
194
60
27
1
10
1
7
6
2
352
250
76
26
(*)
7
3
7
7
1
272
154
87
31
0
7
3
8
12
1
236
114
97
24
0
5
3
8
7
1
58
59
60
61
62
63
64
65
66
67
1,601
692
704
-147
109
242
(*)
(D)
28
2
(D)
4
34
2
170
0
2,267
810
1,014
-6
80
370
3
(D)
42
4
(D)
3,555
1,422
1,627
107
123
277
5
(D)
38
3
(D)
8
91
(D)
123
0
3,280
1,003
1,551
33
250
443
8
(D)
65
3
(D)
7
101
(D)
258
0
2,537
1,386
1,024
1,054
1,469
1,264
-1,805
-405
100
210
599
414
1
8
0
(D)
28
62
1
-3
(D)
(*)
6
9
40
85
227
1
292
255
0
0
-133
979
1,026
-2,865
97
630
8
0
49
1
0
4
27
217
325
0
58
19
6
8
6
20
1
(*)
5
(*)
(*)
(*)
2
(*)
11
0
95
51
9
4
6
25
1
(*)
5
(*)
(*)
~(*)
5
(*)
14
0
72
29
9
2
6
25
1
(*)
5
1
(*)
_j
7
(*)
11
0
94
50
7
5
8
24
1
(*)
5
1
(*)
(*)
5
(*)
12
0
104
48
16
5
6
28
1
0
8
1
(*)
1
6
(*)
12
0
140
84
16
5
5
30
1
0
7
1
0
(*)
4
(*)
16
0
115
39
16
24
5
32
1
0
8
2
0
(*)
4
(*)
17
0
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
1,979
238
766
-85
477
108
341
56
78
46
(*)
1
-15
(D)
-37
(D)
-984
-1,254
470
-200
-4
-28
-5
-28
-78
-56
-2,351
-7,495
-3,620
-713
672
348
294
452
582
415
-693
967
-3,890
-9,028
-2,970
-2,636
-45
49
-18
17
496
554
-233
488
1
2
2
8
D
0
(D)
(D)
()
60
26
51
65
-4
-3
(*)
(*)
0
(D)
(D)
(D)
-2
-2
5
14
22
18
106
99
270
208
102
3
210
151
-404
300
0
0
0
0
-5
(D)
15
1
7
96
1
217
0
November 1984
SURVEY OF CURRENT BUSINESS
26
Table 1.—U.S. Direct Investment Abroad:
(Millions
Capital outflows (inflows (-))
Direct investment position
Line
1977
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
Other Africa
Saharan
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
Middle East
Israel
OPEC
Iran
Iraq
Kuwait
Neutral Zone
Qatar
..
Saudi Arabia
United Arab Emirates
Other
Bahrain
Jordan
Lebanon
Oman
Syria
Yemen (Aden)
Yemen (Sana)
Unallocated
...
LSya.:::..:.::::"::::":::::::::::::::::::::::::": ::.. .
Other
EffVDt
Algeria
Morocco
Tunisia
Sub-Saharan
Liberia
Nigeria
Other
Angola
Benin
Botswana
Burundi
Cameroon
Central African Republic
Chad
Congo
Djibouti
Ethiopia
Gabon
Gambia
Ghana
Guinea
Guinea-Bissau
Ivory Coast .
Kenya
Lesotho .
..
Madagascar
Malawi
Mali
Mauritania
...
Mauritius
Mozambique
Namibia
Niger
Rwanda
Senegal
Seychelles
Sierra Leone
Somalia
Sudan
Swaziland
Tanzania
Togo
Uganda
Upper Volta
Zaire
Zambia
Zimbabwe
Unallocated
r//./.rr/r/rrrrrr.'.z.
....
.
Other Asia and Pacific
156
Hong Kong
157
India
••
158
159
Malaysia
160
Philippines
161
Singapore
162
South Korea
163
Taiwan
164
Thailand
165
Other
166
Afghanistan
. .
167
Bangladesh .
168
Brunei
169
Burma
170
China People's Republic of
171
Fiji
.
172
French Islands—Indian Ocean
173
French Islands — Pacific
174
Macau
175
North Korea
..
176
Pakistan
177
Papua New Guinea
178
Sri Lanka
179
Tonga
180
United Kingdom Islands—Indian Ocean
181
United Kingdom Islands— Pacific
182
Vanuatu
183
Vietnam
184
Western Samoa
185
Unallocated
186
187 International
.
...
•
<
•
•
.
188 Memorandum — OPEC
* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companie
D
,
1978
1980
1979
1981
1982
1977
1983
1978
1979
15
(D)
3,778
1,803
1,038
575
190
91
48
51
1,975
335
18
1,621
26
1
(")
(*)
205
1
14
(D)
~8
108
2
125
(D)
D
()
125
87
1
6
18
4
3
8
2
31
41
2
14
1
14
(D)
53
(*)
20
6
(D)
3
151
127
36
(*)
(°)
133
4
166
(D)
D
()
135
125
1
-7
18
4
3
9
2
32
42
2
18
(D)
14
(D)
107
(*)
20
(D)
(°)
5
164
138
27
-1
4,206
1,768
1,081
487
200
72
46
82
2,438
258
219
1,961
201
1
(D)
1
115
1
12
(D)
(*)
(°)
144
2
178
D
(D)
()
283
120
(*)
-6
23
4
3
7
2
28
41
1
22
2
11
(D)
198
(*)
29
(D)
(D)
4
140
142
47
1
-2,946
324
-3,563
392
1
4
0
8
-4,243
275
293
245
12
40
1
(«)
D
(D)
(D)
()
-999
358
1837
'537
4
-28
0
7
2662
306
480
413
13
35
23
4
(D)
(°)
(D)
2,163
379
1,729
457
4
-159
0
5
1,037
384
55
-16
15
43
8
12
(D)
D
(D)
()
2,001
406
1,067
43
(D)
160
(D)
6
625
441
528
418
28
42
44
5
(D)
(°)
(D)
2,378
491
1,234
45
(D)
153
(D)
4
671
544
652
502
35
37
60
(D)
4
4
D
()
2,992
443
1,932
43
(D)
145
(D)
-1
28
0
0
92
10
4
2
0
D
(D)
(D)
(D )
()
0
6,214
1,507
324
1,253
355
933
726
418
310
242
146
13
5
5
(D)
(*)
3
(*)
31
1
1
91
-8
3
2
(*)
3
(")
2
(D)
1
12,445
3,015
465
2,615
1,030
1,297
1,822
829
622
585
166
14
3
(D)
(D)
11
-3
3
13
(*)
(*)
109
-10
6
2
1
D
(D)
()
1
(D)
2
13,297
3,310
463
3,042
1,118
1,102
1,965
650
695
729
224
17
1
D
(D)
()
-9
-3
1
15
(*)
(*)
95
34
7
3
1
(D)
(D)
3,913
8,505
2,078
398
1,314
632
1,259
1,204
575
498
361
186
15
4
D
(D)
()
6
7
4
23
(*)
(*)
108
-3
6
2
1
D
(D)
()
1
(D)
(*)
3,955
11,117
2,744
425
1,847
847
1,319
1,839
779
562
551
204
14
3
D
(D)
()
5
1
3
18
(*)
(*)
113
-1
6
2
1
(°)
(D)
1
(D)
2
4,070
7,427
1,778
341
1,166
559
1,256
865
689
391
200
181
15
4
(D)
(D)
-3
3
2
31
1
1
107
-4
4
2
1
6
(D)
-1
(D)
(*)
3,700
4,747
4,913
5,557
-165
-86
64
-872
44
1,818
6,090
6,365
7,529
8,560
-2
923
1,781
2,071
802
644
45
113
61
30
22
1,269
294
-21
996
-112
D
(D)
(D)
()
33
(D)
18
4
(D)
D
()
78
(D)
124
(D)
(°)
96
90
(D)
2
6
(D)
2
7
1
21
D
(D)
()
8
(D)
9
(D)
47
1
16
3
(D)
(D)
151
124
35
0
2,546
1,078
849
113
117
57
40
19
1,468
195
25
1,247
76
-1
(°)
(*)
73
(D)
27
(D)
1
8
89
1
116
D
(D)
()
107
95
1
2
8
4
2
7
2
25
D
()
1
11
1
(*)
(D)
52
(*)
19
4
(D)
2
157
129
34
(*)
3,033
1,479
1,043
275
161
62
38
62
1,554
225
-66
1,394
64
1
(D)
(*)
(D)
-3,287
253
3825
-144
(*)
70
0
8
-3,938
179
285
217
10
32
20
(*)
(D)
(D)
0
5,503
1,328
318
984
464
837
516
395
259
237
165
9
5
5
(D)
(*)
5,072
1,757
1,293
226
238
64
47
127
3,315
213
516
2,586
(°)
~92
1
(D)
11
51
(D)
13
163
5
180
D
(D)
()
419
131
(*)
7
22
5
2
7
2
17
37
2
25
2
-10
(°)
295
(*)
30
(D)
(°)
3
173
146
52
1
5,188
2,052
1,504
293
255
66
47
143
3,136
252
516
2,368
178
-1
96
1
(D)
2
12
26
(°)
14
121
3
181
(D)
D
()
288
144
(*)
12
17
(D)
3
9
2
14
36
1
29
2
-10
(°)
263
(*)
41
(D)
(D)
4
169
140
44
1
-238
105
55
-162
2
-8
2
8
133
-133
7
-7
-66
-3
(°)
(*)
18
1
6
2
-1
(D)
-5
(*)
8
5
0
16
10
(*)
(*)
1,126
763
617
456
38
30
73
14
4
-3
5
(*)
2
-10
(*)
-1
(*)
(*)
9
1
(*)
0
12
(*)
1
-1
1
(*)
-11
8
3
0
6
5
(°)
(*)
1
(°)
(*)
1
(*)
4
(D)
(D)
3
(D)
g
3
4
(*)
3
1
2
(D)
3
5
-1
(*)
499
401
194
163
44
5
-3
42
99
30
84
153
-14
0
(D)
(*)
D
(D)
()
-13
(D)
-2
-1
18
1
8
-1
(*)
18
8
(*)
-8
10
(')
1
2
(*)
5
(D)
1
3
(*)
14
-15
1
(*)
1
2
1
2
-6
1
1
0
311
28
246
96
1
101
0
1
-1
50
37
32
1
_1
11
(*)
(D)
(D)
0
496
33
454
513
1
-69
0
-1
-114
124
8
24
2
2
-19
(*)
(D)
(D)
(°)
1,946
34
1,724
153
3
-32
0
(*)
1,577
23
188
169
1
-2
19
4
(D)
(°)
(D)
170
134
-9
275
39
115
124
56
19
9
-42
(*)
-10
1
(D)
(*)
-3
-2
1
0
0
1
2
(*)
(*)
0
(D)
3
D
(D)
()
0
641
178
(*)
240
-117
94
211
20
27
7
-19
4
(*)
(*)
(D)
0
2
(*)
1,161
269
16
79
201
293
127
266
80
-42
30
1
-1
(D)
(*)
-2
1
2
(*)
(*)
(*)
16
4
1
(*)
(*)
-1
(*)
-3
(D)
(*)
437
262
198
61
3
-4
10
-3
175
-100
21
254
185
(D)
(D)
(D)
40
1
9
(D)
D
(D)
()
9
(D)
-8
(D)
1
1
-1
19
(*)
(*)
(*)
(D)
(*)
D
(D)
()
1
27
SURVEY OF CURRENT BUSINESS
November 1984
Country Detail for Selected Items—Continued
of dollars]
Income
Capital outflows (inflows ( )
-)
Fees and royalties
Line
1980
1982
1981
-2,105
1979
1981
1980
813
747
627
194
-74
5
-7
-72
66
4
250
-188
36
0
0
0
(D)
1
(*)
(*)
1
1
-4
0
-10
D
-22
45
-213
-21
(*)
11
0
1
-369
165
146
149
1
3
18
-25
(*)
(*)
(*)
1,456
56
1,225
-12
1
10
14
-5
1,128
89
175
179
4
3
14
-24
(*)
(*)
-1
2,488
537
46
1,170
265
136
237
63
94
-58
-2
2
2
()
°
(*)
-8
(D)
(*)
2
(*)
-1
2
-5
(*)
(*)
(*)
(*)
(*)
-1
1
-1
3,542
564
45
2,080
314
168
332
-43
89
14
-22
3
2
(D)
(*)
-32
(D)
(*)
1
(*)
0
(*)
-2
1
(*)
(*)
5
(*)
0
(*)
(*)
614
1,406
953
(D)
(D)
-10
3
7
-20
453
6
199
248
(D)
0
-6
(*)
(D)
-1
-3
1
2
2
40
-2
10
1
1
148
-5
(*)
(*)
4
(*)
(*)
-2
(*)
-4
(*)
(*)
4
(D)
-3
1
91
(*)
9
(D)
(D)
(*)
-24
5
4
0
1,276
853
364
519
-30
(*)
-14
-16
423
44
227
152
(D)
(*)
-10
(*)
31
(*)
(D)
4
3
2
37
1
4
(D)
7
12
(*)
(*)
3
1
1
(*)
(*)
(D)
-7
(*)
2
()
°
2
(D)
(D)
(*)
-3
2
2
2
42
9
4
(*)
-4
16
(*)
(*)
4
1
-3
(*)
(*)
8
-14
(*)
8
(D)
(*)
0
(D)
(*)
2
1
(D)
2
57
8
-4
0
232
24
-265
4
(D)
-2
(D)
-7
-421
52
473
434
13
-1
35
-7
C0)
(D)
()
°
577
85
153
2
(D)
7
(D)
-2
84
51
339
287
7
-4
26
(D)
D
(D)
(D)
()
580
-71
688
-2
()
°
8
(D)
-2
452
212
-37
-46
3
-6
13
(D)
-1
(*)
(D)
2,116
40
1,995
363
(D)
39
0
(D)
1,459
125
81
89
-1
-13
5
(*)
D
(D)
()
0
1,867
47
1,674
278
(D)
(D)
0
(D)
1,257
101
147
131
2
10
(D)
(D)
(*)
1
-1
2,720
91
2,358
-81
2
(D)
0
3
(D)
140
271
222
1
1
(D)
()
"
(*)
()
'
-1
856
301
(*)
420
88
-159
130
-181
72
146
37
3
(*)
24
0
3
1
-4
2
(*)
0
-13
21
1
(*)
(*)
2
(*)
0
0
0
1,308
384
11
596
45
91
97
47
61
21
-46
4
-7
(*)
(D)
(*)
-3
-1
2
0
0
(D)
-11
(*)
(*)
0
(D)
(D
°
)
()
(D)
0
1,840
461
38
825
106
111
160
54
70
26
-11
5
(*)
(*)
1,327
278
32
734
169
-24
53
52
15
36
-18
(*)
(*)
-5
(*)
-7
-4
-1
2
(*)
(*)
9
-9
-1
(*)
(*)
-3
(*)
(*)
(*)
(*)
667
264
530
100
153
262
3,360
3,139
4,521
2,523
677
21
463
214
52
630
203
57
190
16
(*)
-1
24
(*)
-7
-1
-5
(*)
(*)
5
-2
1
0
(*)
1
0
(*)
0
616
1,079
931
(*)
(*)
(D)
-1
1
(*)
(*)
-8
(D)
(*)
(*)
(*)
1
(*)
-2
-3
(*)
1983
900
789
659
140
-10
3
5
-18
112
-57
205
-37
-65
0
(*)
(*)
(D)
-2
(*)
4
1
2
30
(*)
2
(D)
0
-102
17
(*)
()
°
(*)
(D)
(*)
(*)
(*)
-3
(*)
(*)
4
(*)
-1
(D)
(D)
0
3
1
(*)
(*)
28
5
6
0
588
331
177
166
-11
-4
5
-13
257
31
153
72
33
(*)
-13
(*)
-8
1
(D)
-2
0
4
16
(*)
-1
(D)
-1
(*)
16
(*)
(*)
11
1
(*)
1
(*)
5
-1
(*)
1
(D)
2
(*)
(D)
(*)
3
2
2
1
14
5
3
C)
7D)
29
1982
1,056
787
689
135
-37
31
3
-70
269
-57
213
112
(D)
(*)
1
1
(D)
-3
-1
7
1
1
35
(*)
3
(D)
(*)
-11
-10
(*)
(*)
1
-1
(*)
2
(*)
-4
-3
(*)
4
(D)
-3
(*)
(D)
(*)
4
1
-1
1
29
6
7
(*)
548
274
97
188
-12
-3
1
-9
274
-1
206
69
(D)
(D)
(D)
D
(D)
(D)
()
-3
2
(D)
3
15
(D)
14
(D)
(D)
(*)
10
(D)
(*)
2
(D)
1
1
(*)
2
-5
(D)
Y
(D)
-2
(D)
-14
(*)
2
1
1
(D)
12
4
3
0
-3,158
17
-2,747
-79
(*)
-138
0
-4
-2,600
73
-428
-429
3
9
-17
8
(D)
(D)
(D)
179
1978
120
300
216
67
17
2
(*)
16
-179
22
-3
-199
(D)
0
5
-1
(D)
1
(*)
-25
(D)
(*)
-42
-2
1
(D)
0
-122
17
0
-5
-4
(D)
(*)
2
(*)
-3
-2
-1
4
0
1
(D)
-32
0
11
2
(D)
(*)
-3
-5
-5
0
434
-35
43
-88
10
-19
-2
31
469
-72
202
339
174
0
(D)
1
-91
(*)
-2
(D)
(D)
(*)
1977
806
-27
211
-276
38
-8
2
44
833
-57
298
592
(D)
0
(D)
(*)
(D)
(*)
-1
(D)
D
(D)
()
19
2
2
-4
0
132
13
(*)
-1
(*)
1
(*)
(*)
(*)
-11
-4
(*)
3
1
-23
4
96
0
(*)
(*)
-6
-1
33
4
1
0
635
293
-7
297
3
2
10
-9
342
40
78
223
-37
0
(D)
-1
(D)
(*)
-1
(D)
5
(D)
25
2
40
-3
1
11
37
(*)
-1
(*)
(*)
-1
(*)
(*)
2
1
(*)
5
(D)
(*)
-1
54
(*)
1
(D)
(D)
1
13
10
-9
-1
839
221
50
148
53
1
338
-228
99
160
-3
(*)
(*)
(*)
(*)
-3
4
2
-8
(*)
(*)
-6
1
(*)
(*)
(*)
(D)
(*)
1983
r
31
(D)
2,591
1977
1978
62
13
5
4
5
3
1
1
49
2
7
40
(*)
(*)
(*)
0
2
0
1
(*)
0
(*)
(*)
0
80
26
13
5
7
1
4
2
55
1
21
33
2
(*)
0
0
(*)
(*)
1
(*)
0
(*)
1981
1980
1979
52
22
13
4
5
1
3
1
30
(*)
7
23
3
(*)
0
0
(*)
(*)
1
0
310
83
6
58
24
23
64
15
19
14
5
(*)
(*)
(*)
(*)
1
(*)
(*)
(*)
(*)
(*)
2
(*)
1
0
(*)
(*)
0
(*)
0
446
124
7
86
30
45
72
34
25
18
6
(*)
(*)
1
0
(*)
0
(*)
(*)
(*)
0
4
(*)
(*)
0
388
100
7
61
27
27
91
21
27
25
4
(*)
(*)
1
0
(*)
0
(*)
0
0
0
3
0
1
0
497
141
7
63
29
45
127
18
30
30
7
(*)
(*)
1
0
1
0
(*)
(*)
0
0
0
0
0
0
0
0
0
4
(*)
1
(*)
(*)
0
0
0
0
0
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
-210
-288
-253
-208
-76
187
257
D
243
182
215
188
279
4
177
29
4
3
0
(*)
129
13
99
94
1
4
(*)
0
0
0
0
249
6
103
7
1
2
0
(*)
79
14
141
136
2
3
(*)
(*)
0
(*)
0
3,990
679
50
2,159
265
202
482
33
89
38
-7
2
2
(D)
(*)
-22
(D)
(*)
3
(*)
0
-2
-3
1
(*)
(*)
3
0
(*)
(*)
(*)
3,552
570
46
1,996
273
47
466
93
73
-28
17
(*)
3
(D)
(*)
-9
(D)
(*)
3
(*)
0
10
-10
(*)
(*)
(*)
(*)
(*)
(*)
(*)
3,113
535
29
1,409
388
28
517
95
87
9
15
3
1
(D)
0
(D)
(*)
0
2
(*)
0
8
6
1
(*)
(*)
2
(*)
0
0
0
163
30
5
19
12
22
38
6
11
9
10
(*)
(*)
(D)
(*)
(*)
(*)
(*)
(*)
0
0
(D)
(*)
(*)
0
0
0
0
0
0
0
204
40
6
44
14
31
31
6
16
10
6
(*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
4
(*)
(*)
0
0
(*)
0
0
0
(*)
255
76
5
45
21
30
41
9
11
11
6
(*)
(*)
(*)
0
1
(*)
()
'
(*)
(*)
-1
4
(*)
(*)
0
0
(*)
0
(*)
0
(*)
961
738
749
-225
3,602
2,232
201
283
0
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
220
7
189
62
3
2
0
(*)
111
12
23
20
1
3
(*)
0
0
(*)
0
4,144
0
94
4
63
2
(*)
3
(*)
1
38
20
26
21
1
2
2
1
(*)
(*)
0
137
-2
128
12
(*)
(*)
0
(*)
86
30
10
6
(*)
3
(*)
0
0
0
0
-274
0
9
3
0
1
(*)
0
0
115
4
84
2
0
4
(*)
(*)
58
20
28
21
1
4
1
(*)
(*)
(*)
0
548
91
366
-1
-1
6
(D)
(D)
87
253
91
98
3
1
-3
-5
(*)
-2
(*)
(*)
0
9
3
0
0
1
0
0
174
43
12
25
5
(*)
2
3
131
1
49
81
13
0
0
0
8
0
0
0
112
8
79
2
0
2
(*)
(*)
51
24
25
20
1
3
1
(*)
0
(*)
0
1,103
80
895
9
-1
11
D
(D)
()
690
169
128
132
4
-2
-6
3
(*)
-1
-3
(*)
2
79
30
14
12
3
(*)
2
2
50
3
-4
51
8
0
0
0
2
(*)
0
0
(*)
(*)
(*)
0
(*)
0
(*)
(*)
1
0
-3
-3
(*)
3
0
1
-14
(D)
0
-5
(*)
3
(*)
23
3
(*)
0
0
(D)
1
-10
104
36
17
15
3
1
1
2
68
7
(D)
(D)
5
0
0
0
2
(*)
(*)
0
(*)
(*)
1
0
0
34
0
2
0
(*)
0
2
3
()
'
0
(*)
(*)
(*)
0
3
0
6
3
0
0
1
(*)
(*)
(*)
(*)
(*)
(*)
(*)
1
0
(*)
0
2
0
1
(*)
(*)
(*)
6
12
(*)
0
1
1983
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
87
26
13
8
5
1
3
1
61
2
D
(D)
()
2
(*)
0
0
(*)
(*)
(*)
0
2
(*)
2
1
0
5
2
0
(*)
1
(*)
(*)
(*)
(*)
(*)
(*)
(*)
1
0
(*)
(*)
3
0
(*)
(*)
0
(*)
5
5
(*)
0
(0)
(D)
12
1982
1
1
0
4
3
0
0
(*)
0
0
(*)
(*)
(*)
(*)
0
1
1
(*)
0
2
0
(*)
0
0
0
2
3
(*)
0
(*)
3
1
0
6
3
0
0
(*)
0
0
(*)
1
(*)
(*)
0
1
1
1
1
1
(*)
0
(*)
0
(*)
0
1
(*)
4
(*)
3
0
(*)
(*)
(*)
(*)
(D)
3
(*)
0
0
(*)
0
0
0
D
()
()
3
(*)
0
(*)
0
(*)
1
(*)
0
(*)
0
(*)
0
(*)
0
21
0
1
0
0
0
(*)
3
(*)
(*)
3
0
(*)
1
0
9
4
0
1
(*)
0
0
(*)
0
0
(*)
(*)
(*)
0
1
(*)
0
(*)
0
By HOWARD FRIEDENBERG and ROBERT BRETZFELDER
Regional Shifts in Personal Income
by Industrial Component, 1959-83
FROM 1959, the earliest peak year ern regions as a group, a larger averof the business cycle for which BEA's age annual increase in share after
industrially detailed regional income 1979 mainly reflected a substantial
estimates are available, to 1983, the acceleration in the Southwest. The
most recent year for which the esti- large national defense buildup in the
mates are available, the distribution 1980's led to a speedup in durables
of U.S. total personal income (TPI) manufacturing production in the
shifted toward the South and West. Southwest. In the northern and cenThe share accounted for by each tral regions as a group, a larger aversouthern and western region (South- age annual decline in share after 1979
east, Southwest, Far West, and Rocky mainly reflected substantial deceleraMountain) increased, and the share tions in the Great Lakes and Plains
accounted for by each northern and regions. The severe economic recescentral region (Plains, New England, sion of 1981-82 led to a slowdown in
Great Lakes, and Mideast) declined. domestic demand for durable manuThe share accounted for by the south- factured goods from the Great Lakes
ern and western regions as a group region; even in the recovery year of
1983, the region's increase in TPI was
increased from 39 to 49 percent.
This article discusses shifts in the smaller than in any other region
distribution of TPI in each of two except the Plains. In the Plains, in
timespans included in 1959-83: 1959- 1979-83, slow growth in farming and
79 and 1979-83.l In both timespans, related industries retarded the
the distribution shifted toward the growth of TPI.
This article focuses on the detailed
South and West. In both timespans,
the share accounted for by each industrial composition of shifts in the
southern and western region in- distribution of TPI in 1959-79 and
creased. In 1959-79, the share ac- 1979-83. The first of two major seccounted for by each northern and cen- tions, "Interregional Aspects/' distral region declined. In 1979-83, the cusses, for all regions together, the
shares accounted for by the Plains relative size and direction of shifts in
and Great Lakes regions continued to industrial components of TPI.2 The
decline, but the shares accounted for second, "Intraregional Aspects," disby New England and the Mideast in- cusses, for each region in turn, the
creased. Industrial
diversification relative contributions of industrial
helped, increasingly as the 1970's and components to each region's shifts in
early 1980's progressed, to offset TPI.
weakness in traditional types of manufacturing in New England and the
Interregional Aspects
Mideast and, thus, to account for the
Table 1 shows, for each of 71 industurnarounds.
Despite the turnarounds in New trial components of TPI in both 1959England and the Mideast, the shift in 79 and 1979-83, the percentage-point
the distribution of TPI toward the change in each region's share of the
South and West was larger, on an av- U.S. total for the component. This
erage annual basis, in 1979-83 than measure permits comparison, on a
in 1959-79. In the southern and west- consistent basis across all regions, of
the relative contributions of each
1. The use of the two timespans permits comparison
of longterm shifts in the 1960's and 1970's with shifts
thus far in the 1980's. Except for 1983, the most recent
year for which BEA's detailed regional income estimates are available, the choice of years for the two
timespans is based on national business cycle peaks in
order to separate trend from cyclical changes. For purposes of shift analysis, the division of 1959-79 into two
timespans, using the peak year 1969 as the dividing
year, would not significantly change the findings of
this article.
28
2. TPI is the sum of wage and salary disbursements,
other labor income, proprietors' income, personal dividend income, personal interest income, rental income
of persons, and transfer payments, less personal contributions for social insurance. The first three components are the industrial components (that is, components for which industrial detail is available); together, they accounted for about 70 percent of U.S. TPI in
1983.
region to the overall shift. Positive
changes indicate gains in the region's
share of the U.S. total for the component, and negative changes indicate
losses in share.
Table 2 summarizes the changes by
regional group; it shows, for each
component and timespan, the percentage-point change in share of the U.S.
total for the component, for the southern and western regions as a group.
The negative of each entry in the
table (not shown) is the percentagepoint change in share for the northern and central regions (North) as a
group. The entries in table 2 thus can
be viewed as measures of the shift in
the share of the U.S. total for each
component from the North to the
South and West.
In 1959-79, the South and West
gained, and the North lost, shares in
most industrial components. The largest interregional shifts were in manufacturing, construction, and service
industries. In general, large manufacturing shifts reflected efforts by manufacturers to hold down production
and distribution costs. Wage rates,
energy and land costs, and State and
local taxes were lower in the South
and West than in the North, and improved highways and truck transportation gave the lower cost regions
competitive access to national markets. In addition, manufacturers
sought locations nearer rapidly growing southern and western regional
markets.3 Within manufacturing,
large shifts in apparel, textiles, and
plastics brought these industries
nearer to suppliers, such as the petrochemicals industry. Machinery industries that made apparel and textiles
equipment also had large shifts.
Large shifts in computing equipment,
electronic equipment, and scientific
instruments brought these industries
nearer to those that they supply, such
3. From 1959 to 1979, the share of U.S. population
accounted for by each southern and western region increased, and the share accounted for by each northern
and central region declined. The share accounted for
by the southern and western regions as a group increased from 43 to 49 percent.
SURVEY OF CURRENT BUSINESS
29
tures, as well as to strong demand for
housing by persons who moved from
the North to the South and West.
Within service industries, large shifts
in business services in part were responses to strong demand for advertising, research and development, con-
sulting, and data processing services
by corporate management units that
moved from the North to the South
and West. Large shifts in hotels,
amusement-recreation services, and
eating-drinking places in part were
responses to large increases in the
November 1984
as aircraft and other defense-related
industries. Large shifts in construction, and in the related sand-gravel
mining, stone-glass manufacturing,
and real estate industries, in part
were responses to large increases in
manufacturers' demand for new struc-
Table 1.—Percentage-Point Change in Share of U.S. Total, for Total Personal Income by Industrial Component, 1959-79 and 1979-83, BEA Regions
1959-79
1979-83
Plains
New
England
Great
Lakes
Mideast
Southeast
Southwest
-0.3
-0.8
-2.4
-4.8
0.7
0.8
0.2
0.1
Rocky
Mountain
1.8
0.5
3
2.5
-.8
3.8
3.8
6.9
.5
-2.6
1.4
-2.0
9.9
-1.2
.2
-.6
-2.9
1.0
3.5
2.5
4.8
5.5
.4
-1.3
.4
5
.4
.1
0
-.8
5.5
3.9
5.6
2.7
9.6
3.8
3.0
-1.6
1.7
.8
.9
1.1
-.2
-1.1
.4
4.9
17.6
15.9
5.5
4.4
3.7
2.3
13.4
13.6
10.2
.3
11.1
3.7
5.4
5.5
8.4
1.5
.1
3.7
1.7
1.9
2.9
2.4
0
3.7
2.5
1.9
1.0
2.1
3.5
4.3
5.3
1.9
1.2
3.5
1.1
2.2
5
-2.0
0
1.9
3.4
-2.0
1.7
1.2
.9
3.4
4.9
.9
.1
.5
.4
.6
.2
-.6
0
-.4
1.7
1.6
.5
.2
.6
1.0
.7
6.6
3.4
4.0
4.4
6.0
1.1
.9
3.6
1.7
2.2
36
.4
1.8
9.3
4.5
3.7
5.4
14.2
I
.3
1.2
5.9
5.5
4.5
1.3
1.8
4.8
.8
1.7
10 5
2.3
1.7
2.5
Furniture and home furnishings stores
Eating and drinking places
.
Miscellaneous retail stores
3.9
3.8
4.3
4.1
3.1
5.0
2.7
6.4
3.0
Finance, insurance, and real estate
Banking
Credit agencies other than banks
Security commodity brokers and services
Insurance carriers
Insurance agents brokers and services
Real estate
Southeast
Total personal income
Farming
Agricultural
other
Agriculture
services, forestry, fisheries, and
Mining
Coal mining
Oil and gas extraction
Metal mining
Nonmetallic minerals except fuels
Construction
General building contractors
Heavy construction contractors
Special trade contractors
Manufacturing
Food and kindred products
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Tobacco manufactures
Leather and leather products
Lumber and wood products
Furniture and fixtures
Primary metal industries
Fabricated metal products
Machinery except electrical
Electric and electronic equipment
Transportation equipment excluding motor vehicles
Motor vehicles and equipment
Instruments and related products
Transportation, communication, and public
utilities
Railroad transportation
Trucking and warehousing
Water transportation
Transportation by air
Transportation services
Communication
Electric, gas, and sanitary services
Wholesale and retail trade
Wholesale trade
Building materials and farm equipment
Retail general merchandise
Food stores . . . .
Aiot>
f»l and acopssorv stores
Services
Hotels and other lodging places
Personal services
Private households
. .
Business services
Miscellaneous repair services
Motion pictures
Legal services
M
h ta >al ooloffieal wardens
M h h'
' ' t"
Miscellaneous services
Federal civilian
Federal military
State and local
Government
Southwest
3.8
2.0
-4.4
1.0
2.3
.3
-3.9
6.4
Far
West
8
Far
West
Rocky
Mountain
Plains
03
New
England
0.3
Great
Lakes
19
Mideast
0
21
2.4
.1
8.9
1.9
-6.7
.5
-9.2
1.5
41
.1
2
12
.4
.2
-.2
.2
1.4
1.9
-.7
-2.7
-4.5
100
.1
50
-5.9
-2.3
-2.4
.3
2.3
.9
2.7
-3.2
2.1
.2
.4
5.5
-1.3
1.9
.5
2.1
1.1
.2
4
-3.7
8
0
0
.1
.5
1.9
g
-3.5
3g
-2.9
2
1.3
3
22
-2.7
11
-2.8
-2.4
-3.3
-7.1
65
-8.4
1.8
.3
1.3
2.5
7
2.1
-2.6
-2.1
-1.4
0
13
-.6
10
1.2
1.8
1.0
38
-2.7
42
1.5
1.8
2.0
-.5
.1
-.4
3.3
1.2
0
.3
5
2.3
-.2
.7
.9
.8
1.6
3.1
1.4
-1.2
71
-2.1
25
0
4
.3
2
-7.2
-7.0
-.8
-1.3
-1.6
-.1
-1.9
-.5
-2.1
20
-.1
38
-3.9
10
-1.2
21
-9.5
32
-.2
53
.5
-4.1
-9.4
-9.1
-5.6
-10.0
-21.1
56
-6.5
51
-1.9
106
-4.4
73
-1.9
85
-6.7
78
-6.2
110
1.1
2.0
2.3
1.2
1.3
0
.6
1.1
2.9
-.9
2.1
1.1
1.5
1.0
1.9
.4
.8
1.1
1.5
.1
.6
.5
1.4
.8
.1
-.2
.4
-.1
.4
.1
2.9
-.1
2
-.7
36
-.4
1.0
.6
2.5
4.5
-.1
1
-.4
.5
-.1
.1
-.7
0
0
1.1
1
.2
.4
.4
4
-.8
.1
-.2
.1
.2
.2
.7
2
.2
.2
1.0
.5
-.4
.8
.9
1.2
1.3
-1.1
0
.3
.1
4
.3
.8
.4
.5
1
-.6
-1.4
-2.1
-.7
-4.8
-.3
24
.7
0
-.9
18
-2.8
73
-5.8
-.3
15
-1.4
-.8
-.7
-.7
1.8
— .9
9
-1.6
.1
.2
21
-.5
.2
-.8
1
.2
1.5
3.5
.9
.7
1.7
-1.4
.1
.7
2.0
2
.1
2.0
.1
-1.1
-5.3
-4.1
49
-3.9
56
-1.0
56
-16.1
106
.8
2.0
1.2
-.4
.2
.3
.9
2.1
1.0
.7
1.6
-1.2
2
2.7
3.1
1
.6
-1.1
.2
-.4
.6
I
1.2
.1
0
-.2
-.2
-1.5
-.7
17
-1.8
14
-1.9
-1.2
10
-2.5
22
.3
.6
-3.9
4.2
2.6
2.7
3.8
1.1
.9
.9
.4
.1
.6
.4
.3
1.2
.6
1.0
1.8
0
1.8
.4
-1.3
22
-1.3
9
4
-1.0
9
-.1
2.6
.3
3
1.5
8
-1.2
-1.6
33
-2.2
27
1.0
.9
-2.3
36
-3.0
55
-4.1
-14.8
71
-5.4
13
-12.1
44
-4.6
2.5
2.0
.2
0
2.8
.4
1.8
.2
2.5
.3
.6
.2
.8
.1
3
1.3
1.0
1.0
.3
.3
2.9
.3
-2.6
1.4
1.3
.4
.3
.3
.2
0
2
I'.l
8
.3
.3
.5
1.2
0
-.1
14
.3
.7
-.3
1
-.5
2
.2
-.4
.5
-.1
1
.9
.1
-.2
23
-3.0
-.9
8
0
9
-1.8
14
-1.3
-2.1
4
-2.3
.5
-1.2
0
-3.2
4
-2.3
2.8
1.4
2.0
3.4
2.1
3.6
2.5
3.0
1.1
1.4
3.1
2.2
2.3
1.5
2.1
2.5
.8
1.1
.5
.9
0
1.0
.4
.6
.8
.6
.4
.2
-1.8
-.8
-.5
8
-.7
-1.1
.1
-1.3
-.3
-.3
-.7
-1.3
-.5
0
-.7
0
-.9
-2.0
34
-3.1
-2.5
31
24
-2.9
-2.7
-.6
-6.5
-4.1
-4.3
-6.8
29
87
-4.0
-8.7
-3.4
.4
1.5
1.0
.8
1.0
.1
1.7
1.4
1.0
.9
2.1
.7
1.4
1.2
.8
1.7
1.3
.9
.2
-1.0
.6
.6
0
.7
-1.0
-.6
-.6
.1
-.1
0
.2
.1
.1
0
.1
.1
-.8
-1.3
-.2
-.4
-.8
4
-.6
-.3
-.2
.3
.7
.2
.1
.5
.8
.6
.3
.3
-1.9
-2.9
-1.7
-2.2
-2.4
20
-2.8
-1.8
-1.8
.6
.7
-.7
-.6
.1
2
.4
-.5
.2
3.2
2.2
2.4
2.4
2.5
4.0
1.5
1.3
1.7
1.8
1.1
4.3
2.7
6.5
-1.5
1.7
2.8
4.8
.5
.7
.9
.5
.4
1.6
-1.5
_7
-.8
.2
1
-1.0
-1.1
-.4
-1.1
.2
-.6
-1.2
-1.6
-4.7
.9
.5
26
-7.0
-4.1
-5.3
-2.6
-7.7
-3.5
-6.4
.2
-.2
.7
-.1
.4
.9
1.3
1.5
1
.5
1.2
3.7
-.1
1.7
1
-.2
-.5
-9.4
.1
.1
-.5
0
.3
-1.1
-.4
-.2
-.5
.2
-.2
-1.8
.1
.3
.1
1.0
.1
1.0
-1.8
-2.7
-2.6
-1.1
-1.4
-2.2
.5
-.6
3.1
-.2
.1
8.9
6.5
4.1
2.0
5.2
3.0
4.1
6.6
16
3.3
3.9
2.1
3.6
-2.7
3.8
2.1
2.8
1.1
4.3
1.3
.9
1.2
-.6
1.2
2.4
.4
35
1.3
2.3
4.9
2.3
.8
4.1
1.9
2.9
4.5
11.5
-.3
3.4
1.5
-6.8
4.3
3.8
.6
.5
-.2
.9
.1
.7
1.0
.6
1
.6
3
.9
1.0
1.4
12
.6
— 2
'.3
11
-.6
5
-.9
4
-.9
0
2.7
.6
.5
9
-.6
.3
.1
1
0
0
-.8
-.5
-.6
17
-.6
.3
-.1
45
-2.7
-1.5
-5.1
19
-1.9
40
-3.2
2
-3.6
-1.1
4.5
-1.7
-2.2
99
-7.3
-1.7
-10.0
35
-6.5
90
-5.0
32
-5.4
10
-.8
-2.5
-9.7
10
.5
0
1.0
1.1
1.7
1.1
-.9
1.5
1.0
8
.5
-.3
1.4
.8
.5
-.5
.1
0
.1
0
-.1
.1
-1.1
.1
.3
0
.2
.2
-.1
-.8
0
0
.1
-.2
.1
0
-.6
.1
.1
2
-1.4
-.3
.6
.1
.4
.9
.8
-.6
.8
-.3
.8
1.1
.3
1.0
.4
1.0
-1.0
-.6
0
-.8
-.8
-.2
.3
3.5
7
.3
.3
1.5
.5
.3
.7
.4
.5
-.2
-.2
.1
.3
.3
-.5
0
.1
-2.3
-1.5
0
-1.3
-1.7
-1.9
-1.5
-.8
10
-1.7
7
-2.0
.1
-2.1
4.4
.6
0
-.8
.3
.5
-.6
.6
-.7
-1.3
.9
1
-.6
.2
3.0
5.7
3.8
.7
-.3
1.4
1
.9
.7
.3
1.1
.4
4
-.7
-.8
10
-2.8
-.5
13
-1.7
-2.4
-1.0
-4.1
-3.1
.5
.7
.5
.2
-.6
1.4
.4
.4
-.6
0
0
.2
0
0
.2
-.4
-.2
0
-.9
-.9
.4
.4
-2.1
2.1
-3.7
0
0
0
0
.7
.1
.1
.2
.2
2
0
3
-!e
6
.1
4
.1
.6
.4
0
0
.7
.1
.2
0
NOTE.—The industrial components of total personal income are the industrial components of labor and proprietors' income. The regions are ranked in descending order by the percentage-point
change in share of U.S. total personal income, 1959-79.
SURVEY OF CURRENT BUSINESS
30
number of tourists to the South and
West.
In 1979-83, the South and West
continued to gain, and the North continued to lose, shares in most industrial components of TPI. On an average annual basis, the interregional
shifts in most components were as
large as in 1959-79 or larger.
In 1979-83, nearly all of the components with large shifts in 1959-79 continued to shift. Computing equipment,
electronic equipment, and scientific
instruments shifted at accelerating
Table 2.—Percentage-Point Change in Share of U.S. Total, for Total Personal Income by
Industrial Component, 1959-79 and 1979-83, Southern and Western Regions
1959-79
1979-83
8.3
Average per year
1959-79
1979-83
2.0
0.4
0.5
31
12.5
13.8
-1.6
-.2
.6
3.5
_4
7.3
1.9
7.3
11.8
.7
1.5
5.8
4.2
.4
.1
.4
.6
.2
.4
1.5
1.1
12.2
12.7
12.5
2.4
-.3
2.3
.6
.6
.6
.6
1
.6
9.4
19.0
23.6
8.6
9.3
6.4
2.5
13.3
18.8
17.7
2.1
14.2
7.1
10.4
14.3
19.2
4.0
4.9
11.0
18.9
13.8
1.5
1.9
2.3
1.5
2.6
.7
3.8
1.0
3.2
-1.2
-.5
.9
2.7
2.1
6.3
6.1
3.4
1.7
3.1
3.9
3.9
.5
1.0
1.2
.4
.5
.3
.1
.7
.9
.9
.1
.7
.4
.5
.7
1.0
.2
.2
.6
.9
.7
.4
.5
.6
.4
.7
.2
1.0
.3
.8
-.3
1
.2
.7
.5
1.6
1.5
.9
.4
.8
1.0
1.0
Transportation, communication, and public utilities
Railroad transportation
Trucking and warehousing
Water transportation
Local and interurban passenger transit
Transportation by air
Pipelines except natural gas
Transportation services
Communication
Electric gas and sanitary services
6.3
8.4
15.3
6.8
5.3
2.9
14.1
9.6
9.2
3.4
3.2
3.7
1.2
1.0
.3
4.4
1.8
4.3
.3
.4
.8
.3
.3
.1
.7
.5
.5
.9
.8
.9
.3
.3
.1
1.1
.5
1.1
Wholesale and retail trade
Wholesale trade
Building materials and farm equipment
Retail general merchandise
Food stores
Automotive dealers and service stations
Apparel and accessory stores
Furniture and home furnishings stores
Eating and drinking places
Miscellaneous retail stores
8.7
9.5
8.8
11.1
7.2
11.8
8.7
11.3
6.2
1.6
2.7
2.4
3.2
2.5
1.9
2.5
2.3
1.4
.4
.5
.4
6
.4
.6
.4
.6
.3
.4
.7
.6
.8
.6
.5
.6
.6
.4
Finance, insurance, and real estate
Banking
.. ..
Credit agencies other than banks
Security commodity brokers, and services
Insurance carriers
Insurance agents, brokers, and services
Real estate
8.2
11.2
3.6
6.7
6.9
15.6
1.5
3.1
_ ^
'.1
1.5
-5.9
.4
.6
.2
.3
.3
.8
.4
.8
.4
-1.5
16.5
10.0
3.7
14.7
6.6
9.0
13.4
10.0
4.3
10.5
3.8
-5.8
4.5
11.5
-1.3
.5
0
1.2
1.3
.9
2.3
1.0
1.7
2.7
-.3
3.9
.8
2.8
.8
.5
.2
.7
.3
.5
.7
.5
.2
.5
.2
-.3
.2
.6
-.3
.1
0
.3
.3
.2
.6
.3
.4
.7
-.1
1.0
.2
.7
3.6
9.2
6.7
1.1
0
1.6
.2
.5
.3
Total personal income
Agriculture
Farming
Agricultural services, forestry, fisheries, and other
Mining
Coal mining
Oil and gas extraction
Metal mining
Nonmetallic minerals, except fuels
General building contractors
Heavy construction contractors
Special trade contractors
Construction
.
.
Manufacturing
Food and kindred products
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Tobacco manufactures
Rubber and miscellaneous plastics products
Leather and leather products
Lumber and wood products
Furniture and fixtures
Primary metal industries
Fabricated metal products
Machinery except electrical
Electric and electronic equipment
Transportation equipment excluding motor vehicles
Motor vehicles and equipment
Stone, clay, and glass products
Instruments and related products
...
Miscellaneous manufacturing industries
Services
Hotels and other lodging places
Personal services
Private households
Business services
Auto repair, services, and garages
Miscellaneous repair services
Amusement and recreation services
Motion pictures
Health services
Legal services
Educational services
Museums botanical, zoological gardens
Membership organizations
Miscellaneous services
Federal civilian.
Federal military
State and local
Government
.
..
.
.
. . .
0
.3
.4
NOTE.—The industrial components of total personal income are the industrial components of labor and proprietors' income.
The southern and western regions are the Southeast, Southwest, Far West, and Rocky Mountain, plus Alaska and Hawaii. The
inclusion of Alaska and Hawaii exhausts the total for the southern and western United States; this assures that each entry in the
table is equal to, but opposite in sign from, the percentage-point change in share for the northern and central regions (Plains,
New England, Great Lakes, and Mideast).
November 1984
average annual rates; locations near
the aircraft and related industries
became even more desirable in view
of the large national defense buildup
in the 1980's. Construction and the related sand-gravel mining and stoneglass manufacturing industries shifted at accelerating or equivalent average annual rates; demand for housing
in the South and West continued to
be strong, as population migration
from the North accelerated.4 In contrast, apparel and textiles shifted at
decelerating rates, in part reflecting a
narrowing of regional wage rate differentials and a reduced level of production in the North as a base from
which to shift. Business services shifted at a decelerating rate as well, as
some corporate management units
chose northern locations. Hotels and
amusement-recreation services shifted
at decelerating rates; demand for
these services by tourists and business
groups in northern metropolitan
areas strengthened, as the areas redeveloped their urban commercial centers.
Intraregional Aspects
Table 3 shows, for each industrial
component of TPI in each region and
timespan, the percentage-point difference between (1) the percent change
in regional TPI, including the component, and (2) the percent change in regional TPI, excluding the component.
This measure permits comparison, on
a consistent basis within each region,
of the relative contributions of each
component to the percent change in
TPI. A positive difference indicates
that a component has a stimulating
effect on the change in TPI; that is,
the change in TPI is larger with the
component than without it. A negative difference indicates that a component has a retarding effect on the
change in TPI; that is, the change in
TPI is smaller with the component
than without it. In this article, an industrial component is referred to as a
"major factor" in the change in TPI if
it has either (1) a stimulating effect in
a region that gains a share of U.S.
TPI, or (2) a retarding effect in a
region that loses a share of U.S. TPI.
Discussions of the major factors for
4. From 1979 to 1983, the share of U.S. population
accounted for by each southern and western region increased at an accelerating average annual rate, and
the share accounted for by each northern and central
region except the Plains declined at an accelerating
rate. The share accounted for by the southern and
western regions as a group increased from 49 to 51
percent.
November 1984
each region and timespan follow. The
regions are discussed in descending
order, based on the percentage-point
change in share of U.S. TPI, 1959-79.
Southeast
In 1959-79, durables manufacturing
industries were major factors that
stimulated TPI growth; by 1979, the
share of the region's total manufacturing income that was accounted for
by durables manufacturing was
nearly as large as the historically
large share attributable to nondurables manufacturing. Among durables
manufacturing industries, machinery
and instruments were major factors;
these industries supplied capital
equipment to the region's textiles, apparel, food processing, and paper industries. Machinery and instruments
also supplied inputs to defense-related
industries, which grew rapidly in the
Southeast. The motor vehicles industry, along with related industries,
such as rubber tires and fabricated
metal forgings-stampings, was a
major factor, as some motor vehicles
manufacturers from the Great Lakes
region chose lower cost locations in
nearby Southeast States. Among nonmanufacturing industries, truckingwarehousing and transportation services were major factors, reflecting
substantial improvement in both the
region's interstate highway network
and its relative market size. In addition, eating-drinking places, amusement-recreation services, hotels, and
museums were major factors, in part
reflecting a large increase in the
number of tourists to the Southeast.
The health services industry also was
a major factor, reflecting rapid
growth in the region's population, in
particular, in the number of retirees
who migrated to Florida.
In 1979-83, nonmanufacturing industries continued to be major factors
that stimulated TPI growth. Reflecting the region's continuing attractiveness to tourists, eating-drinking
places, amusement-recreation services, and museums again were major
factors,
and air
transportation
became a major factor. The health
services industry again was a major
factor, reflecting the region's continuing rapid population growth.
Southwest
In 1959-79, manufacturing industries that supplied capital equipment
SURVEY OF CURRENT BUSINESS
for the mining, refining, and transportation of oil and gas, as well as
manufacturing industries that used
refined oil and gas products as inputs,
were major factors that stimulated
TPI growth. The machinery and instruments industries were major factors, as they responded to strong
demand for oil field, oil refining, and
pipeline equipment. The fabricated
metals industry, which supplied pipes
and valves for oil refining, also was a
major factor. In addition, the petrochemicals industry was a major
factor; it benefited from the accessibility of large supplies of refined oil and
gas products. Among nonmanufacturing industries, both business and legal
services were major factors, in part
reflecting strong demand for these
services by corporate management
units that moved to the Southwest
from the Mideast.
In 1979-83, the machinery and instruments industries continued to be
major factors that stimulated TPI
growth. These industries responded to
the capital equipment needs of the
national defense buildup. In addition,
early in the timespan, these industries continued to respond to strong
demand for oil field equipment; later
in the timespan, however, demand
weakened, as oil exploration declined
in the face of falling oil prices. In
1979-83, among nonmanufacturing industries, hotels, amusement-recreation services, and museums became
major factors, in part reflecting a
large increase in the number of tourists.
Far West
In 1959-79, industries that manufactured
advanced
technological
equipment, as well as related nonmanufacturing industries, were major
factors that stimulated TPI growth.
The scientific instruments, computing
equipment, electronic equipment, and
plastics industries were major factors;
these industries supplied inputs to the
aircraft and aerospace industries,
which had grown rapidly in the Far
West during and after World War II.
In turn, the educational services industry, which was a source of innovation and know-how for the advanced
technological industries, was a major
factor; major universities, such as the
California Institute of Technology and
Stanford, provided educational services. The business services industry
was a major factor; it supplied data
processing and consulting services to
the advanced technological industries.
31
Among other industries, air transportation, hotels, amusement-recreation
services, and museums were major
factors, in part reflecting a large increase in the number of tourists. The
health services industry also was a
major factor, supplying services to the
region's rapidly growing population,
in particular, the large number of retirees who migrated to California.
In 1979-83, reflecting the national
defense buildup, scientific instruments and electronic equipment, as
well as the related educational and
business services industries, continued to be major factors that stimulated TPI growth. Also reflecting the
buildup, the Federal military became
a major factor. Petroleum refining
became a major factor; the region's
refineries gained access to large supplies of Alaskan oil. The health services industry again was a major
factor, reflecting the region's continuing rapid population growth.
Rocky Mountain
In 1959-79, industries that expanded in response to an increase in the
Nation's demand for domestically produced sources of energy were major
factors that stimulated TPI growth,
especially after 1973. Oil-gas mining
and coal mining were major factors.
Machinery and instruments were
major factors, in part reflecting the
production of oil field and other
mining equipment. Among other industries, heavy construction, along
with industries that supply it, such as
sand-gravel mining and stone-glass
manufacturing, was a major factor, as
highway construction spurted in the
region. In addition, both business and
legal services, banking, and other
credit agencies were major factors, reflecting the increasing role of the
Denver metropolitan area as a supplier of these services to the Rocky
Mountain region.
In 1979-83, oil-gas mining and the
manufacturing of oil field machinery
and instruments continued to be
major factors that stimulated TPI
growth. Most of the stimulus occurred
early in the timespan; later, oil exploration declined in the face of falling
oil prices. The manufacturing of other
advanced technological machinery
and instruments also became a major
factor, as the region continued its
rapid industrialization. In part reflecting the national defense buildup,
transportation
equipment (except
motor vehicles) and the Federal military became major factors.
32
SURVEY OF CURRENT BUSINESS
Plains
In 1959-79, as large-scale mechanization continued to reduce opportuni-
November 1984
ties for farm employment, farming
and related nondurables manufacturing industries and nonmanufacturing
industries were major factors that re-
tarded TPI growth. Within nondurables manufacturing, the food processing, leather, and agricultural chemicals industries were major factors.
Table 3.—Percent Change in Total Personal Income (TPI),
1959-79
Southeast
Percent change
TPI by
component
TPI
excluding
component
(1)
Southwest
Percentage-point
difference 1
(2)
Percent change
TPI by
component
TPI
excluding
component
(1)
528.7
Total personal income..
(2)
-23.8
0
181.9
876.2
580.5
557.1
Mining
Coal mining
Oil and gas extraction
Metal mining
Nonmetallic minerals, except fuels
505.1
487.7
44.4
340.9
528.9
529.0
528.9
529.2
-.2
1,871.9
457.3
498.8
207.1
557.5
562.8
558.2
558.9
Construction
General building contractors
Heavy construction contractors
Special trade contractors
469.2
531.0
554.7
529.7
528.7
528.1
486.6
939.1
628.0
Manufacturing
Food and kindred products
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Tobacco manufactures
Rubber and miscellaneous plastics products
Leather and leather products
Lumber and wood products
Furniture and fixtures
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electric and electronic equipment
Transportation equipment excluding motor vehicles
Motor vehicles and equipment
Stone, clay, and glass products
Instruments and related products
Miscellaneous manufacturing industries
317.8
292.9
469.4
436.6
474.0
428.1
351.6
327.2
1,861.3
305.2
312.7
410.5
429.3
708.1
1,173.2
968.5
598.8
1,020.5
386.0
1,443.5
543.1
533.2
536.6
529.4
529.7
529.1
530.8
529.2
529.7
526.0
529.1
531.6
529.6
529.9
527.2
524.7
525.0
528.1
527.4
529.9
527.9
528.7
-4.5
-7.9
-.7
-1.0
-.4
-2.1
-.5
-1.0
2.7
-.4
-2.9
-.9
-1.3
1.5
4.0
3.7
.6
1.3
-1.3
.8
0
Transportation, communication, and public utilities
Railroad transportation
Trucking and warehousing
Water transportation
Local and interurban passenger transit
Transportation by air
Pipelines, except natural gas
Transportation services
Communication
Electric, gas, and sanitary services
175.1
622.1
518.0
133.9
844.2
230.8
1,293.0
822.2
512.7
534.8
527.5
528.7
530.0
527.3
528.8
528.3
525.5
528.8
Wholesale and retail trade
Wholesale trade
Building materials and farm equipment
Retail general merchandise
Food stores
Automotive dealers and service stations
Apparel and accessory stores
Furniture and home furnishings stores
Eating and drinking places
Miscellaneous retail stores
533.2
242.0
361.7
412.2
343.7
330.9
292.5
669.5
366.6
Finance, insurance, and real estate
Banking
Credit agencies other than banks
Security, commodity brokers, and services
Insurance carriers
Insurance agents, brokers, and services
Real estate
(2)
Percentagepoint
difference 1
(3)
241.4
700.4
481.9
472.4
.4
-4.9
-.3
-1.0
1,706.1
431.5
107.9
275.1
473.3
473.5
473.6
473.6
0
-.1
-.2
559.2
552.7
556.0
-1.3
5.2
1.9
430.4
369.4
426.0
474.0
474.7
474.7
-.7
-1.3
-1.4
297.3
238.0
559.9
694.9
459.9
579.1
299.5
179.5
1,494.0
586.9
509.2
358.8
594.0
834.6
1,106.7
1,935.4
335.4
867.7
560.8
1,005.7
635.1
562.9
558.2
557.9
557.6
558.7
557.6
562.5
557.9
556.2
557.9
558.1
558.3
557.6
555.4
550.9
551.3
561.9
557.3
557.9
557.2
557.8
-5.0
-.4
0
.3
-4.6
0
1.6
0
-.2
-.5
.3
2.5
7.0
6.5
-4.0
.6
0
.7
.1
253.4
482.2
350.5
369.3
359.4
323.0
218.9
329.9
638.2
379.9
286.3
302.2
356.9
406.8
700.8
529.3
239.4
490.7
359.3
1,197.4
419.6
478.6
473.3
474.0
474.0
474.5
474.4
474.9
473.3
472.8
473.4
477.2
474.1
474.4
474.2
470.4
472.2
484.4
473.3
474.0
471.2
473.5
-5.3
0
-.6
-.6
-1.2
-1.1
-1.6
0
.5
-.1
-3.8
-.7
-1.1
-.9
3.0
1.1
-11.1
.1
-.7
2.2
-.1
-6.1
1.2
0
-1.3
1.4
-.1
.4
3.2
-.2
172.9
563.2
527.6
176.2
994.8
136.6
1,018.3
740.2
503.1
563.6
557.8
558.0
558.9
556.0
559.3
557.5
555.7
558.7
-5.7
.1
-.1
-1.0
1.9
-1.4
.4
2.2
-.8
136.6
455.6
152.9
240.6
958.7
666.9
856.0
615.8
415.1
476.9
473.6
475.1
474.0
471.2
473.3
472.8
471.4
473.8
-3.5
-.2
-1.7
-.6
2.1
0
.5
2.0
-.5
528.5
531.3
531.0
530.6
532.8
529.9
530.4
527.0
531.1
.2
-2.6
-2.3
-1.9
-4.1
-1.2
-1.7
1.7
-2.4
601.5
231.0
363.7
519.9
374.8
395.7
353.2
649.7
352.0
555.4
561.2
560.8
558.5
562.2
558.9
559.3
556.6
561.2
2.5
-3.3
-2.9
-.6
-4.3
-1.0
-1.4
1.3
453.2
253.5
325.0
378.6
319.8
274.1
302.8
431.9
324.4
474.4
475.0
475.3
474.9
476.4
474.6
474.5
474.1
475.7
-1.1
-1.6
-1.9
-1.6
-3.1
-1.2
-1.1
-.8
-2.3
723.4
597.5
575.1
483.8
548.1
444.4
527.3
528.4
528.6
529.1
528.6
529.5
1.3
.3
.1
-.4
.1
707.2
622.7
634.3
543.8
543.9
642.6
556.6
557.6
557.7
558.0
558.0
557.1
1.3
.3
.2
-.1
-.1
.7
696.0
832.5
362.1
469.3
576.5
450.6
471.5
472.2
473.7
473.4
472.9
473.6
1.8
1.1
-.4
0
.5
-.3
592.7
226.8
92.2
1,362.4
586.2
544.8
693.4
217.5
858.4
734.7
619.4
2,113.3
228.5
822.5
528.4
532.2
536.1
523.0
528.5
528.6
528.3
529.0
520.7
527.4
528.3
528.7
532.6
526.7
-3.5
-7.4
5.6
.2
0
.4
-.3
8.0
1.3
.4
0
-3.9
2.0
555.9
258.9
103.3
1,695.3
566.5
462.3
519.1
240.6
831.0
837.9
580.4
490.3
352.1
808.3
557.9
561.6
563.1
548.9
557.8
558.2
558.0
558.3
550.9
556.2
557.8
557.9
559.1
555.2
0
-3.7
-5.3
9.0
0
-.4
-.1
-.4
7.0
1.6
.1
0
-2.0
2.7
541.7
205.1
92.4
1,093.1
546.2
502.2
505.1
403.0
665.8
749.3
603.9
509.3
426.7
779.3
472.9
476.4
476.2
465.1
473.0
473.2
473.2
473.8
467.1
471.7
472.8
473.3
473.7
470.2
.4
-3.0
-2.9
8.3
.4
.1
.2
-.5
6.2
1.6
.6
0
-.4
3.1
419.3
221.6
757.6
533.4
541.4
513.9
-4.7
-12.7
14.8
387.2
165.7
728.1
565.1
574.0
546.5
-7.2
-16.1
11.4
347.2
184.1
623.4
477.8
482.0
462.0
Government
TPI
excluding
component
473.3
552.5
528.7
See footnotes at end of table.
TPI by
component
(1)
(3)
142.3
533.0
Federal, civilian
Federal, military
State and local
Percentage-point
difference 1
557.9
Agriculture
Farming
Agricultural services, forestry, fisheries, and other
Services
Hotels and other lodging places
Personal services
Private households
Business services
Auto repair, services, and garages
Miscellaneous repair services
Amusement and recreation services
Motion pictures
Health services
Legal services
Educational services
Museums, botanical, zoological gardens
Membership organizations
Miscellaneous services
Far West
Percent change
-.3
-.5
-22.6
-8.6
-4.5
-8.6
-11.3
November 1984
SURVEY OF CURRENT BUSINESS
Among nonmanufacturing industries,
general building and related sandgravel mining were major factors, in
part reflecting reduced demand for
33
farm structures. Brokerage services
for farm commodities, as well as the
retailing and repairing of farm equipment, also were major factors.
In 1979-83, farming and related industries continued to be major factors
that retarded TPI growth. In manufacturing, food processing, leather,
by Industrial Component, 1959-79 and 1979-83, BEA Regions
1959-79
Plains
Rocky Mountain
Percent change
Percent change
Percent change
Percentage-point
difference1
(1)
(2)
(3)
TPI
excluding
component
Percentage-point
difference1
(2)
(3)
Percentage-point
difference1
(2)
(3)
76.5
341.7
350.4
347.3
385.6
386.0
386.0
386.1
.1
-.2
-.2
-.3
28,521.1
15,395.3
318.7
157.8
347.2
347.3
347.3
347.5
333.2
353.2
395.9
386.6
386.1
385.5
-.8
-.4
.3
196.3
159.5
277.1
349.6
348.9
349.0
197.1
242.4
165.5
603.4
335.8
353.1
299.6
827.8
79.4
375.6
327.6
412.7
506.7
702.1
492.4
312.2
673.9
217.8
482.2
259.8
394.1
385.9
387.0
384.6
386.4
386.0
385.9
3858
384.5
387.2
385.8
385.9
385.6
384.3
379.3
384.5
386.9
384.0
387.3
385.3
386.2
125.2
51.5
104.7
230.8
275.9
312.8
390.0
1962
207.9
42.3
241.2
165.7
155.5
361.8
335.0
330.9
353.1
336.6
296.3
557.5
220.9
159.5
426.6
871.1
151.6
699.2
156.5
547.9
490.5
348.7
391.5
385.0
385.6
386.5
384.6
386.0
385.6
384.5
386.2
411.6
144.4
230.6
281.0
251.1
192.4
199.7
413.0
236.8
384.2
388.9
388.1
387.3
388.7
387.0
387.0
385.4
388.1
1.5
.7
.5
.4
.2
1.2
445.0
471.3
353.4
410.3
453.8
273.2
385.2
385.5
385.8
385.5
385.4
386.8
-.1
4.2
1.4
-.5
0
-.5
4.8
316.5
182.2
73.2
904.4
411.6
374.1
362.6
206.7
641.0
473.4
513.8
1,615.2
246.5
671.9
386.1
388.0
388.0
382.2
385.6
385.8
385.8
385.9
378.5
385.2
385.2
385.7
387.1
383.9
-6.9
-5.3
13.5
325.1
141.1
527.4
387.4
389.7
376.5
541.7
514.5
-26.9
1,273.2
738.9
396.1
887.1
512.1
511.7
516.8
514.0
-1.9
452.2
569.2
585.1
516.2
514.1
512.7
-1.4
326.6
570.1
677.1
794.9
446.6
468.8
179.8
-4.6
344.7
499.4
460.8
557.3
321.6
901.6
1,464.0
1,794.0
250.6
1,541.6
651.4
8,363.4
594.8
519.5
514.8
514.6
514.5
515.4
515.1
516.9
5148
515^6
514.9
515.7
514.8
517.9
513.1
509.1
512.2
518.1
514.3
514.0
509.9
514.7
180.6
496.4
761.3
221.8
963.6
222.5
2,164.0
723.0
563.7
524.3
515.1
514.8
515.7
513.0
515.0
514.3
512.0
514.3
-9.5
519.9
265.5
269.7
502.0
331.1
330.7
361.3
519.9
367.5
514.6
517.6
518.3
515.0
519.4
515.8
515.8
514.7
517.1
704.2
686.1
675.2
566.3
560.3
638.7
513.3
514.1
514.4
514.5
514.6
513.6
498.4
223.7
53.9
1,396.7
498.3
539.9
678.8
458.2
656.1
744.1
427.2
3,380.2
463.3
1,024.6
515.0
518.1
517.8
507.9
514.9
514.8
514.4
514.9
510.6
513.5
515.3
514.8
515.3
510.0
387.9
290.8
696.3
521.8
520.2
501.3
.3
2.8
3.2
.9
.7
2.1
0
.2
.4
-.6
-.2
-2.1
o
-.8
0
-.8
.1
-3.1
1.7
5.7
2.7
-3.3
.6
.8
4.9
.1
-.3
0
-.9
1.9
-.2
.5
2.8
.6
.3
-2.8
-3.5
-.2
-4.6
-.9
-1.0
.1
-2.2
-3.2
-2.9
6.9
_ j
'.1
.5
_ j^
249.3
322.6
398.2
385.9
700.1
329.2
325.2
225.4
988
-12.4
-8.3
-.1
-1.3
1.2
-.7
-.3
-.2
o
1.2
-1.4
0
-.1
.2
1.4
6.4
1.3
-1.2
1.8
-1.5
.4
-.4
-5.7
.7
.2
-.8
1.1
-.2
.2
1.2
-.4
1.6
-3.1
-2.3
-1.6
-3.0
-1.2
-1.2
.4
-2.4
.5
.3
-.1
.2
.4
-1.0
-.3
-2.3
-2.2
3.5
.1
0
-.1
-.2
7.2
.6
.6
0
-1.3
1.8
-1.6
-3.9
9.2
Percentage-point
difference1
-3.0
(2)
(3)
-3.1
229.6
346.4
355.0
351.8
.1
.1
0
-.2
556.4
395.5
213.1
178.9
351.4
351.8
351.9
352.2
-2.3
-1.6
-1.7
276.3
344.3
302.5
352.8
351.9
353.2
-1.0
351.0
353.7
350.3
349.2
348.3
347.6
347.3
3473
349.2
352.7
347.9
348.0
350.5
347.0
347.8
347.9
347.2
347.3
347.6
345.0
348.9
-3.7
-6.4
-3.0
-1.9
-1.0
180.5
59.3
188.2
261.2
221.6
331.8
236.9
-4.8
354.3
48.4
301.9
187.0
283.4
319.3
327.6
230.3
246.6
399.4
229.3
317.1
165.7
356.6
352.4
352.6
352.8
354.1
352.1
352.3
351.9
351.8
352.7
352.0
352.9
354.7
353.0
353.1
356.0
353.0
349.6
353.3
352.0
352.8
59.2
332.5
194.8
242.5
955.6
91.2
1,044.2
484.1
278.9
349.5
347.5
347.5
347.7
346.6
347.3
346.9
345.7
348.0
-2.2
113.0
362.1
128.9
96.0
934.1
224.9
579.2
440.9
310.8
355.8
351.7
352.1
352.6
351.0
351.9
351.6
350.9
352.3
-4.0
370.9
166.9
220.1
231.7
246.9
222.8
203.0
412.5
243.8
346.2
348.5
348.8
349.2
348.8
348.1
348.1
346.4
349.0
353.5
141.5
217.4
260.5
227.3
178.9
194.6
343.6
283.5
351.7
353.6
353.9
353.2
354.0
352.8
352.7
352.0
352.7
451.4
458.7
324.6
406.7
405.3
228.4
346.4
347.1
347.4
346.3
347.0
348.2
1.0
.2
-.1
1.0
.3
-.9
500.5
399.7
451.7
409.2
390.6
183.7
350.8
351.7
351.6
351.3
351.7
353.4
315.3
133.7
68.9
868.0
470.6
415.2
405.3
181.3
627.1
491.0
447.8
801.2
304.0
595.8
347.4
349.5
349.5
342.1
346.9
347.2
347.2
347.5
338.5
346.3
346.0
347.2
347.6
345.1
-.1
5.3
.4
.1
.2
-.2
8.8
1.0
1.3
.1
-.3
2.2
262.2
128.1
60.4
612.0
423.7
360.7
296.1
173.8
669.8
443.0
475.8
1,082.6
246.9
522.8
352.2
354.3
353.6
349.1
351.6
351.8
352.0
352.0
343.6
351.2
351.3
351.8
352.8
350.5
262.1
51.1
535.6
349.5
353.4
336.4
-2.2
-6.1
10.9
304.4
108.2
511.4
352.7
353.5
342.3
-1.9
-5.4
-.6
-.7
-3.2
.3
-.5
-.6
.2
0
-.3
2.3
-1.6
-.2
-.2
-.4
.7
0
.4
1.6
-.7
1.1
-1.2
-1.5
-1.9
-1.5
-.8
-.7
.9
-1.6
-2.2
-2.2
261
TPI
excluding
component
Percentage-point
(2)
(3)
1
309.8
0
-.3
0
0
Line
TPI by
component
(1)
TPI
excluding
component
351.8
-.2
137.0
650.9
TPI
excluding
component
TPI by
component
(1)
TPI by
component
347.3
385.8
514.8
Percent change
Percent change
(1)
TPI by
component
(1)
TPI by
component
TPI
excluding
component
Mideast
Great Lakes
New England
0
.4
.1
-.1
-.3
-.1
-1.4
-.6
-.7
-1.0
-2.3
-.3
-.5
o
0
-.8
-.2
-1.0
-2.8
-1.1
-1.3
-4.2
-1.2
2.2
-1.4
-.2
-1.0
.2
-.3
-.7
.8
0
.2
.9
-.4
.1
-1.7
-2.1
-1.4
-2.2
-1.0
-.9
-.1
-.9
1.1
.2
.2
.5
.2
-1.6
-.3
-2.5
-1.8
2.7
.2
0
-.2
-.2
8.2
.6
.5
.1
-1.0
1.3
-.9
-1.7
9.5
105.4
361.0
311.9
309.7
269.5
498.1
5.1
114.7
310.0
309.8
309.9
310.0
184.0
243.0
211.1
311.3
310.3
312.5
131.3
70.6
77.0
224.4
206.5
286.8
235.0
354.9
39.8
212.3
108.7
202.7
215.8
297.7
195.2
146.0
387.6
208.1
290.3
132.6
313.9
312.0
315.7
310.6
311.9
310.3
310.2
3100
309.6
311.0
310.1
310.6
313.1
311.5
310.1
313.1
311.7
309.4
310.9
310.1
311.2
71.1
328.3
116.9
95.0
620.9
136.8
445.0
462.2
286.3
313.0
309.6
311.2
311.2
308.9
309.8
309.6
307.7
310.1
281.5
114.0
196.2
200.6
219.4
132.2
179.8
243.8
234.6
311.5
310.9
311.3
311.6
311.0
311.3
310.5
310.9
310.8
472.2
361.6
388.6
272.9
376.9
224.6
308.0
309.7
309.3
310.3
309.5
310.7
212.4
85.3
67.2
592.2
382.3
275.0
251.3
218.2
576.7
445.0
499.5
831.9
241.1
383.6
310.3
312.4
312.1
305.0
309.6
309.9
310.1
310.0
302.4
308.6
308.4
309.8
310.5
309.0
335.0
81.9
502.9
308.8
312.2
297.9
689
.1
2
3
-.1
.1
-.1
-.2
4
5
6
7
-2.1
-1.5
-.5
-2.7
-4.1
-2.2
-5.9
-.8
-2.0
-.5
-.4
-2
.2
-1.2
-.2
-.8
-3.2
-1.7
-.3
-3.2
-1.9
.5
-1.0
-.2
-1.4
-3.2
.2
-1.4
-1.4
1.0
0
.3
2.1
-.2
-1.7
-1.0
-1.5
-1.8
-1.1
-1.5
-.7
-1.1
-1.0
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
1.8
.1
.5
-.5
.3
-.9
50
51
52
53
54
55
-.5
56
57
58
59
60
61
62
63
64
65
66
67
68
69
-2.6
-2.2
4.8
.2
-.1
-.3
-.2
7.4
1.2
1.4
.1
-.7
.8
1.0
-2.4
11.9
70
71
72
34
SURVEY OF CURRENT BUSINESS
November 1984
Table 3.—Percent Change in Total Personal Income (TPI),
1979-83
Southeast
Southwest
Percent change
TPI by
component
(1)
Total personal income..
Far West
Percent change
TPI
excluding
component
(2)
TPI by
component
(3)
(1)
Percent change
TPI
excluding
component
(2)
TPI by
component
(1)
(3)
54.1
46.0
TPI
excluding
component
(2)
Percentagepoint
difference 1
(3)
42.3
Agriculture
-26.4
35.7
47.7
46.1
-1.7
0
-33.0
32.9
56.3
54.2
-2.2
-.1
2.4
29.3
43.1
42.3
Coal mining
Oil and gas extraction
Metal mining
Nonmetallic minerals, except fuels
-3.8
47.5
—8.4
14.8
46.6
46.0
46.1
46.1
-.5
0
0
-.1
43.4
77.4
-29.2
29.8
54.1
53.2
54.5
54.2
0
1.0
-.4
0
55.1
80.0
125.8
-4.2
42.3
422
42.2
42.3
Construction
General building contractors
Heavy construction contractors
Special trade contractors
9.2
11.1
25.4
46.6
46.4
46.6
-.4
-.5
25.4
5.8
40.4
54.6
55.2
54.6
-.5
-1.1
-.4
-13.5
-4.5
7.5
43.1
42.8
43.2
Manufacturing
Food and kindred products
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Tobacco manufactures
Rubber and miscellaneous plastics products
Leather and leather products
Lumber and wood products
Furniture and fixtures
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electric and electronic equipment
Transportation equipment excluding motor vehicles
Motor vehicles and equipment
Stone, clay, and glass products
Instruments and related products
Miscellaneous manufacturing industries
33.0
17.2
26.9
36.7
57.3
32.0
43.0
59.3
43.4
6.2
15.1
24.7
—4.9
15.9
32.3
43.2
41.0
31.6
14.7
41.6
19.2
46.2
46.6
46.3
46.1
46.0
46.3
46.1
46.0
46.1
46.1
46.3
46.2
46.6
46.4
46.2
46.1
46.1
46.1
46.3
46.1
46.1
-.2
-.6
-.2
-.1
.1
-.2
0
0
0
0
-.3
-.1
-.5
-.3
-.2
0
0
-.1
-.2
0
0
30.9
22.7
11.2
42.2
62.6
37.7
38.6
73.3
42.1
47.4
33.9
25.0
-3.0
15.3
30.0
56.1
38.6
46.7
34.7
92.0
36.6
54.4
54.2
54.3
54.2
54.1
54.4
54.3
54.1
54.2
54.1
54.2
54.2
54.6
54.6
54.7
54.1
54.3
54.2
54.3
54.0
54.2
-.3
0
-.2
0
.1
-.2
-.2
0
-.1
0
-.1
0
-.5
-.5
-.6
0
-.2
0
-.1
.1
0
27.0
6.5
23.2
29.7
47.5
35.2
62.9
-96.7
22.2
-1.9
-4.2
17.2
-2.4
13.2
36.9
75.7
39.9
-24.0
6.4
73.5
48.0
42.5
42.3
42.3
42.3
42.2
42.3
42.2
42.3
42.3
42.3
42.9
42.3
42.6
42.6
42.4
41.5
42.3
42.6
42.4
42.1
42.3
-.2
0
-.1
-.1
0
0
.1
0
-.1
0
-.6
Transportation, communication, and public utilities
Railroad transportation
Trucking and warehousing
Water transportation
Local and interurban passenger transit
Transportation by air
Pipelines, except natural gas
Transportation services
Communication
Electric, gas, and sanitary services
11.3
27.4
12.9
26.5
53.0
53.3
69.8
51.2
77.1
46.3
46.3
46.2
46.1
46.0
46.0
46.0
46.0
45.7
-.3
-.3
-.1
0
0
0
0
.1
.3
4.1
23.9
14.4
44.5
36.9
47.8
75.6
67.0
71.6
54.4
54.6
54.2
54.1
54.3
54.1
54.1
53.9
53.9
-.3
-.4
_ ^
-.1
0
0
.2
.2
3.0
18.8
31.9
29.6
19.1
94.0
60.0
53.1
61.1
42.4
42.5
42.3
42.3
42.5
42.3
42.2
42.1
42.1
-.2
-.3
0
0
-.2
0
0
.2
.1
Wholesale and retail trade
Wholesale trade
Building materials and farm equipment
Retail general merchandise
Food stores
Automotive dealers and service stations
Apparel and accessory stores
Furniture and home furnishings stores
Eating and drinking places
Miscellaneous retail stores
34.7
24.6
29.9
42.3
19.5
27.9
35.5
53.0
39.4
46.6
46.2
46.2
46.1
46.5
46.1
46.1
45.9
46.1
-.1
-.2
-.1
-.4
-.1
0
.1
-.1
43.1
41.1
32.6
55.9
27.0
37.5
46.4
61.3
45.2
54.8
54.2
54.4
54.1
54.6
54.2
54.2
54.0
54.2
-.7
-.1
-.2
0
-.5
-.1
0
.1
-.1
33.3
9.7
28.8
42.0
14.5
33.2
18.1
37.6
27.3
42.7
42.4
42.4
42.3
42.7
42.3
42.4
42.3
42.4
-.5
_i
Finance, insurance, and real estate
Banking
Credit agencies other than banks
Security, commodity brokers, and services
Insurance carriers
Insurance agents, brokers, and services
Real estate
61.1
56.0
136.3
43.8
47.9
-19.7
45.9
46.0
45.9
46.1
46.0
46.6
.1
0
.2
0
0
-.5
85.0
80.3
119.8
54.4
64.1
4.0
53.8
54.0
54.0
54.1
54.1
54.6
.1
.2
0
.1
-.5
57.8
70.9
119.6
42.8
40.6
-55.2
42.1
42.1
42.0
42.3
42.3
43.5
.2
.1
.2
0
0
-1.2
37.7
33.6
20.1
80.2
42.1
37.1
55.2
3.1
82.8
89.3
34.0
69.8
37.0
66.0
46.1
46.1
46.2
45.5
46.1
46.1
46.0
46.1
44.7
45.7
46.1
46.0
46.1
45.8
0
-.1
-.1
.5
0
0
0
0
1.4
.4
-.1
0
-.1
.2
57.1
36.0
20.1
85.8
45.4
19.8
64.5
10.1
86.8
103.4
51.4
85.2
46.8
67.3
54.1
54.3
54.3
53.4
54.2
54.2
54.1
54.2
52.9
53.7
54.1
54.1
54.2
53.9
0
-.1
-.1
.7
0
-.1
0
0
1.2
.4
0
0
0
.2
37.3
24.9
20.1
62.6
29.6
25.4
47.7
29.3
61.0
83.5
44.9
77.6
43.6
54.6
42.3
42.4
42.3
41.7
42.3
42.3
42.2
42.3
41.4
41.9
42.3
42.3
42.3
42.1
0
-.1
-.1
.6
-.1
-.1
0
-.1
35.6
63.1
40.9
46.4
45.7
46.5
-.4
.4
-.5
35.7
53.2
60.4
54.7
54.2
53.6
-.6
0
.5
36.3
63.1
32.9
42.4
42.0
43.2
-.2
.3
-.9
Farming
Agricultural services, forestry, fisheries, and other
-.1
Mining
Services
Hotels and other lodging places
Personal services
Private households
Business services
Auto repair, services, and garages
Miscellaneous repair services
Amusement and recreation services
Motion pictures
Health services
Legal services
Educational services
Museums, botanical, zoological gardens
Membership organizations
Miscellaneous services
Government
Federal, civilian
Federal, military
State and local
o'
-.5
-.3
-.1
.7
-.1
-.3
-.2
.2
0
-'.I
0
-.4
0
-.1
-.1
-.2
1. The percentage-point difference, for each industrial component of TPI, between (a) the percent change in TPI including the component (column 1, row 1), and (b) the percent change in TPI
excluding the component (column 2). Differences are based on unrounded data.
35
SURVEY OF CURRENT BUSINESS
November 1984
by Industrial Component, 1959-79 and 1979-83, BEA Regions—Continued
1979-83
Rocky Mountain
Percent change
Percent change
(1)
Percentage-point
difference 1
TPIby
component
TPI
excluding
component
(1)
(2)
(2)
47.2
57.8
48.4
47.2
31.4
78.5
-16.2
20.0
47.3
46.6
48.0
47.3
1.1
28.2
16.8
48.1
47.5
48.2
29.2
-30.2
17.5
57.0
59.0
52.4
23.9
47.5
47.2
47.3
47.2
47.1
47.2
47.3
-.3
0
-.1
0
.1
0
-.1
-4.2
-17.0
-2.7
33.0
-35.1
15.8
50.6
104.8
93.2
47.4
47.3
47.9
47.2
48.1
47.4
47.2
46.8
46.9
47.3
47.5
47.0
47.3
-.2
-.1
-.7
0
-.9
-.2
.1
.4
.3
-.1
-.3
.2
-.1
24.5
45.9
15.3
80.6
18.4
73.4
65.0
81.6
47.7
47.6
47.2
47.3
47.0
47.2
47.2
46.9
46.8
-.5
-.4
0
0
.2
0
0
.3
.4
36.9
13.2
22.1
46.6
17.0
31.8
27.5
45.1
38.8
47.7
47.4
47.4
47.2
47.7
47.3
47.3
47.2
47.3
-.5
-.2
-.2
0
-.5
-.1
-.1
0
-.1
20.5
65.6
62.2
78.3
41.6
63.2
-45.4
47.0
47.1
47.1
47.3
47.1
48.3
.2
.1
.1
26.9
34.5
20.1
77.1
34.7
21.6
53.8
-46.2
76.2
99.3
37.9
90.2
48.2
48.7
47.4
47.3
47.3
46.6
47.3
47.3
47.2
47.3
46.1
46.8
47.3
47.2
47.2
47.2
31.9
55.0
47.8
47.9
47.1
47.2
7.5
4.5
75.2
14.8
6.2
TPIby
component
TPI
excluding
component
(3)
(1)
(2)
472
(1)
(2)
-.3
0
2
3
34.6
34.6
34.9
34.7
0
0
-.2
-.1
-4.9
12.0
70.2
27.4
47.2
47.2
47.2
47.2
0
0
0
0
12.0
37.6
-56.0
-13.9
27.1
27.0
27.1
27.1
0
0
0
0
-16.0
52.3
39.7
3.8
41.0
40.8
40.8
40.8
-.2
0
0
0
4
5
6
7
35.3
35.0
35.5
-:7
-.3
-.9
30.1
81.1
44.0
47.3
47.0
47.2
-.2
.2
-.1
-22.2
-9.6
-7.8
27.6
27.3
27.9
-.5
-.3
-.9
13.9
24.7
31.6
41.0
40.9
41.0
-.2
8
9
10
34.9
34.6
34.7
34.6
34.5
34.6
34.7
-.3
0
-.1
0
.1
0
0
28.2
10.9
21.9
33.4
48.6
57.4
-.2
-.3
-.1
-.2
0
.1
0
0
-.2
-.2
-.1
-.1
-.4
-.6
-.7
.4
0
-.1
-.2
0
-.3
19.2
27.2
27.0
27.1
27.1
27.0
27.0
27.1
-.1
0
0
0
0
0
23.9
41.0
41.0
41.1
40.9
40.8
41.0
40.8
-.2
-.1
-.3
-.1
0
-.2
0
0
-.1
-.1
-.1
0
35.0
35.0
34.6
34.7
34.6
34.6
34.6
34.4
34.5
-.4
-.3
0
-.1
0
0
0
.2
.1
-8.4
22.2
-7.6
34.9
31.5
28.4
79.0
53.0
50.5
47.3
47.4
47.2
47.2
47.2
47.2
47.1
47.1
47.1
-.1
-.3
0
0
0
0
0
.1
0
-10.4
-.9
-.2
-.1
-.1
-.5
-.1
-.1
0
-.1
40.6
33.0
28.8
40.2
26.7
42.4
40.4
49.9
38.1
47.5
47.2
47.3
47.2
47.4
47.2
47.2
47.1
47.3
-.3
-.1
-.2
-.1
-.2
0
0
0
-.1
18.7
19.3
15.0
37.1
29.6
35.5
34.8
34.8
34.7
35.1
34.7
34.7
34.6
34.7
50.1
54.2
102.4
48.7
41.5
-46.4
34.5
34.5
34.4
34.5
34.6
35.2
.2
.1
.2
.2
0
-.5
61.6
74.9
126.6
59.3
47.2
-3.5
47.0
47.1
46.9
46.9
47.2
47.4
.2
.1
.3
.2
0
-.3
-.1
-.1
0
.6
-.1
-.1
0
-.1
1.1
.4
0
0
0
0
23.2
30.2
20.1
73.9
31.6
28.1
45.8
-3.2
70.8
82.8
37.2
21.4
33.7
37.1
34.7
34.6
34.7
34.1
34.6
34.6
34.6
34.6
33.0
34.2
34.6
34.6
34.6
34.6
0
0
0
.6
0
0
0
0
1.6
.4
0
0
0
0
45.6
40.2
20.1
88.9
45.2
40.2
40.2
11.3
67.3
88.5
44.6
50.5
38.3
53.9
47.2
47.2
47.2
46.2
47.2
47.2
47.2
47.2
46.1
46.8
47.2
47.2
47.2
47.1
0
0
-.1
.9
0
0
0
0
1.1
.4
0
0
-.1
.1
-.7
.1
.1
32.9
54.0
37.3
34.7
34.5
34.4
0
31.3
52.7
28.7
47.5
47.1
48.7
0
.1
-1.1
20.0
14.7
4.2
1.3
63.5
14.9
8.2
16.2
9.8
.7
41.6
56.4
44.3
47.1
48.0
3.3
20.8
28.0
4.3
1
41.1
40.8
47.5
15.6
6.0
(3)
-14.1
49.1
-.2
-.3
-.3
-.2
.1
0
24.7
-2.5
13.6
(2)
40.8
0
-5.6
47.3
47.4
47.3
47.3
47.1
47.1
47.2
47.1
47.3
47.3
47.3
47.2
47.5
47.8
47.9
46.8
47.2
47.2
47.4
47.1
47.4
4.5
(1)
27.0
Line
-1.8
-14.3
o
(3)
Percentage-point
difference 1
28.8
27.0
-.9
-.3
38.9
41.4
33.9
12.1
2000
23.8
24.7
TPI
excluding
component
-68.1
37.9
15.9
49.7
-34.9
-3.0
1.5
5.5
TPIby
component
-.2
-.1
-.1
.6
-.8
-.1
24.4
Percentage-point
difference l
47.4
47.2
40.2
34.6
1.7
2.5
TPI
excluding
component
-5.5
30.3
-53.2
40.3
-1.0
TPIby
component
0
0
-1.2
Percentage-point
difference 1
47.2
34.6
Percent change
Percent change
(3)
Percentage-point
difference x
Mideast
Great Lakes
Percent change
(3)
TPIby
component
TPI
excluding
component
2.2
New England
Plains
346
34.7
34.6
34.7
34.6
34.8
34.9
35.6
34.8
34.9
34.9
34.8
34.5
34.7
o
-.1
0
-.1
0
-.2
-.3
-1.0
.2
.2
7.9
97.6
27.7
16.4
21.8
10.2
6.6
19.7
27.4
58.5
46.6
10.6
6.8
-.3
0
-1.6
7.3
10.9
22.3
30.5
27.4
-3.1
11.1
15.9
17.5
6.9
16.1
-18.7
-.5
-12.0
6.9
17.7
-.1
.4
29.5
8.7
.6
-5.9
19.0
35.7
38.0
32.4
36.3
47.0
-.8
13.4
19.8
-1.1
11.5
5.3
28.1
20.2
270
27.2
27.0
27.1
27.1
28.6
27.9
29.0
27.5
27.1
28.4
27.3
27.0
27.1
-.1
o
-.1
0
-.1
0
1.2
13.3
25.1
39.9
28.7
46.7
415
17.3
4.2
9.8
-1.6
23.2
-21.6
-2.0
12.2
33.7
-.9
-.5
-.1
-1.4
-.2
0
_i
4.2
9.7
-11.1
3.1
39.0
8.0
-.5
-.7
-.1
-.2
-.4
-.3
0
-.1
32
33
34
35
36
37
38
39
40
28.5
27.5
49.5
33.0
47.5
40.0
35.7
23.9
19.0
32.1
15.2
26.0
28.4
38.2
34.2
41.1
40.9
41.0
40.9
41.1
40.9
40.9
40.8
40.9
-.3
0
-.2
-.1
-.3
-.1
0
0
-.1
41
42
43
44
45
46
47
48
49
.3
.8
50
51
52
53
54
55
-12.5
13.1
27.5
27.2
27.2
27.1
27.4
27.1
27.1
27.0
27.1
-.4
.1
-1.4
-.3
-.4
-.1
0
-.1
0
0
-.3
-.5
0
0
0
0
0
.1
.2
-.1
-.1
-A
-.1
-.1
0
-.1
40.9
40.9
40.9
40.8
42.2
41.3
41.5
41.0
41.0
41.2
41.1
40.8
41.0
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
41.1
41.2
40.9
40.8
40.9
40.8
40.8
40.7
40.8
27.3
27.5
27.1
27.0
27.0
27.0
27.0
26.9
26.8
_ i
408
_ ^
-.2
4.1
0
.1
26.9
27.0
26.9
26.9
27.0
27.4
.1
.1
0
-.4
62.3
51.6
138.1
43.6
45.7
12.3
40.5
40.8
40.0
40.8
40.8
41.0
60.1
61.8
34.0
44.4
39.6
33.3
27.1
27.1
27.0
26.6
27.1
27.1
27.0
27.0
25.6
26.8
27.0
27.0
26.9
27.0
0
0
0
.5
0
0
0
0
1.5
.3
0
0
.1
.1
81.8
34.2
20.1
64.3
36.9
30.5
41.9
25.8
63.0
70.8
45.1
57.1
35.4
51.0
40.6
40.8
40.9
40.1
40.8
40.8
40.8
40.8
39.8
40.4
40.8
40.8
40.9
40.7
.2
0
-.1
.7
0
0
0
0
1.0
.4
0
0
0
.1
56
57
58
59
60
61
62
63
64
65
66
67
68
69
30.6
60.1
30.8
27.0
26.9
26.7
.1
.1
.3
28.5
67.8
35.2
41.3
40.7
41.3
-.5
.1
-.5
70
71
72
42.1
34.3
82.1
37.0
34.3
-35.6
15.3
19.9
20.1
54.9
21.2
11.4
31.3
7.8
0
0
0
0
-.2
NOTE.—The industrial components of TPI are the industrial components of labor and proprietors' income. The regions are ranked in descending order by the percentage-point change in share of
U.S. TPI, 1959-79 (see table 1). The regions exclude Alaska and Hawaii.
36
SURVEY OF CURRENT BUSINESS
and agricultural chemicals continued
to be major factors, and the production of farm equipment became a
major factor. Outside manufacturing,
the wholesaling and trucking of agricultural commodities became major
factors, and the retailing and repairing of farm equipment continued to
be major factors.
of transportation equipment were
major factors that retarded TPI
growth. The primary metals, fabricated metals, and machinery industries
were major factors; these industries
supplied inputs to the motor vehicles
industry, which grew less rapidly in
the Great Lakes than in most other
regions. The railroad equipment industry also was a major factor; increasingly, airplanes and trucks were
meeting the Nation's demand for
public passenger and freight transportation, respectively. Among nonmanufacturing industries, construction and
related sand-gravel mining were
major factors; demand for industrial
and residential structures weakened,
as both manufacturing firms and
workers relocated to the South and
West. Retail trade industries also
were major factors, in part reflecting
slow growth in personal consumption
expenditures as a result of population
outmigration.
New England
In 1959-79, industries that manufactured nondurable consumer goods,
as well as related industries, were
major factors that retarded TPI
growth. The textiles, leather, and apparel industries were major factors;
responding, in part, to increased foreign competition, these industries developed production processes that required larger production sites and a
larger supply of unskilled labor than
New England could provide. The nonelectrical machinery industry, which
supplied capital equipment to the
nondurable consumer goods industries, also was a major factor. Among
nonmanufacturing industries, domestic services provided to private households were a major factor. The Federal military also was a major factor, in
part reflecting large reductions in
naval operations in Rhode Island in
the 1970's.
After declining in 1959-79, the
share of U.S. TPI accounted for by
New England increased in 1979-83.
Industries that manufactured advanced technological equipment were
major factors that stimulated TPI
growth. The electronic equipment and
scientific instruments industries benefited from scientific innovations developed at major universities, such as
the Massachusetts Institute of Technology and Harvard. Business services, which provided data processing
and consulting services to the advanced technological industries, also
was a major factor. Among other industries, insurance was a major
factor, reflecting a resurgence in New
England's longstanding role of providing this service to other regions.
Great Lakes
In 1959-79, durables manufacturing
industries relating to the production
In 1979-83, as domestic motor vehicle production declined in the face of
strong foreign competition, high interest rates, and economic recession,
transportation equipment and supplier industries continued to be major
factors that retarded TPI growth.
Among supplier industries, primary
metals, fabricated metals, and machinery continued to be major factors,
and rubber tire manufacturing
became a major factor. Among other
industries, construction and retail
trade continued to be major factors,
as a decline in Great Lakes population dampened the demand for housing and consumer goods. No other
region had a population decline.
Mideast
In 1959-79, mining and related
manufacturing industries were major
factors that retarded TPI growth.
Coal mining was a major factor, reflecting the continued displacement of
coal by oil as an energy source. The
nonelectrical machinery industry,
which manufactured coal mining
equipment, was a major factor. The
primary metals industry was a major
November 1984
factor; new steel producers tended to
locate "minimills," which use production processes that are scrap metal-intensive and coal-saving, near rapidly
growing markets in the South and
West, at the expense of traditional
production sites in the Mideast, The
chemicals industry also was a major
factor; the use of oil instead of coal as
an input encouraged manufacturers
of industrial chemicals to locate petrochemicals plants near Southwest
oil and gas fields. The apparel industry was a major factor, in part because the increased use of synthetic
fibers encouraged apparel manufacturers to choose sites near petrochemicals suppliers, and in part because
the manufacturers chose sites with
lower labor and distribution costs.
Among nonmanufacturing industries,
railroad transportation was a major
factor, in part reflecting a decline in
the volume of coal traffic. Wholesale
trade was a major factor, in part reflecting the decline of the New York
metropolitan area, relative to southern and western areas like Miami and
Los Angeles, as a center for international trade.
After declining in 1959-79, the
share of U.S. TPI accounted for by
the Mideast increased in 1979-83. Financial, business, and other services
were major factors that stimulated
TPI growth; rapid increases in service
industries tended to offset slow
growth or declines in the production
of many types of manufactured goods.
Banking, security-commodity brokers,
and insurance were major factors, reflecting the revitalized role of the
New York metropolitan area as a supplier of these services to other regions. Business and legal services
were major factors; these industries
met a strong demand for advertising,
consulting, and related services by
corporate management units, some of
which located in the Mideast in 197983. Hotels,
amusement-recreation
services, and museums were major
factors; the redevelopment of urban
commercial centers in New York,
Philadelphia, and Baltimore, as well
as the construction of casinos in Atlantic City, encouraged increased
tourism and business travel.
U.S. GOVERNMENT PRINTING OFFICE : 1984
:: OL 3
CURRENT BUSINESS STATISTICS
The statistics here update series published in BUSINESS STATISTICS: 1982, a statistical supplement to the SURVEY OF CURRENT BUSINESS. That volume
(available from the Superintendent of Documents for $8.00, stock no. 003-010-00124-1) provides a description of each series, references to sources of earlier
figures, and historical data as follows: For all series, monthly or quarterly, 1979 through 1982, annually, 1961-82; for selected series, monthly or quarterly,
1961-82 (where available).
The sources of the series are given in BUSINESS STATISTICS: 1982; they appear in the main methodological note for each series, and are also listed
alphabetically on pages 135-136. Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources
are provided through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
1982
1984
1983
Annual
IT .,
vmm
1983
Nov.
Oct.
Sept.
Jan.
Dec.
Mar.
Feb.
Apr.
May
Sept.
Aug.
July
June
Oct.
GENERAL BUSINESS INDICATORS
PERSONAL INCOME BY SOURCE t
Seasonally adjusted, at annual rates:
Total personal income
bil $
25846
Wage and salary disbursements,
total
do..
1,568 7
Commodity-producing industries,
total
do
5093
Manufacturing
.. do
3829
Distributive industries
do...
3786
Service industries
-.
do...
3743
Govt. and govt. enterprises
do....
306.6
Other labor income
do
1555
Proprietors' income: $
Farm
...
do
218
Nonfarm
1
. d o
892
Rental income of persons with capital
consumption adjustment
bil. $..
51.5
Dividends
'.
do
> 665
Personal interest income
do....
366.6
Transfer payments
do
3761
Less: Personal contributions for
social insurance
.... do
1114
Total nonfarm income
do
25321
DISPOSITION OF PERSONAL INCOME t
Seasonally adjusted, at annual rates:
Total personal income
bil. $
25846
Less: Personal tax and nontax
payments
do
404 1
Equals: Disposable personal income
do
2,180.5
Less: Personal outlays
... do
20445
Personal consumption expenditures
do
1,984.9
Durable goods .
do
2451
Nondurable goods
do
7575
Services
do
9822
Interest paid by consumers to
business
do
58 5
Personal transfer payments to
foreigners (net)
. do
12
Equals', personal saving
do
1360
Personal saving as percentage of disposable
personal income §
percent..
6.2
Disposable personal income in constant (1972)
dollars
...bil $
10583
Personal consumption expenditures in
constant (1972) dollars
do
963 3
Durable goods
do
1405
Nondurable goods
do
363 1
Services
do
4598
Implicit price deflator for personal consumption
expenditures
index 1972 — 100
2060
INDUSTRIAL PRODUCTION
Federal Reserve Board Index of Quantity Output
Not Seasonally Adjusted
Total index
1967 — 100
1386
By industry groupings:
Mining and utilities
do....
146.3
Manufacturing
.... do
1376
Nondurable manufactures
do...,
156.2
Durable manufactures
do....
124.7
Seasonally. Adjusted
Total index
do....
1386
By market groupings:
Products, total
do
1418
Final products
do...
141.5
Consumer goods
do...
142.6
r
r
3,045.4 '3,067.9
3,085.5
1,812.4 1,816.9 1,829.2
1,833.4
3,027.0
27442
27850
28149
28342
28604
28974
29235
29406
29685
2,978.8
3,006.5
1,659.2
1,682.2
1,706.0
1,712.2
1,727.9
1,747.6
1,755.1
1,764.6
1,785.3
1,789.8
1,804.3
5193
3952
398.6
413.1
328.2
1731
5295
4037
400.2
420.9
331.6
1780
5342
407.6
411.5
427.2
333.2
1801
5389
412.0
411.5
426.8
335.1
1821
543.8
416.2
416.6
430.6
336.9
184.3
552.3
421.1
418.2
436.1
341.0
1863
5574
425.2
417.7
437.1
342.9
1881
558.2
427.5
421.6
440.4
344.4
189.9
5651
431.8
426.9
447.4
345.9
1917
566.3
431.7
428.4
447.8
347.3
193.5
569.6
433.3
433.2
452.7
348.8
195.3
571.2
435.0
435.9
454.8
350.5
196.7
138
1079
136
114 1
148
1147
158
1146
214
114.5
30 1
1207
365
1229
309
123.8
254
1257
214
126.2
23.5
127.1
r
25.5
127.1
58.3
703
376.3
4050
56.8
714
386.7
403 4
58.9
722
387.5
4033
60.9
729
387.8
4108
61.3
733
389.4
4122
61.1
740
396.6
410 2
60.8
750
403.8
4109
61.2
760
411.4
4128
61.6
769
418.4
4149
62.0
77.1
425.6
4148
62.4
77.6
432.9
4159
1196
2701 1
121 1
27424
1226
27710
1229
27894
1239
28101
1291
28383
1295
28579
130 1
28805
1313
29138
131.5
29281
132.5
29535
2,744 2
27850
28149
28342
28604
28974
29235
2,940 6
2,968.5
2,978.8
3,006.5 '3,027.0
4042
3990
2,340.1 2,386.1
22220 22602
2,155.9 2,192.4
2798
2847
8017
8145
1 074 4 1 093 2
4046
2,410.3
22853
2,216.5
2953
823 1
10980
4072
2,426.9
22978
2,228.2
2958
8252
1 107 2
411 8
2,448.7
23168
2,245.9
3082
8205
1 117 1
4152
2,482.2
23606
2,288.8
3176
8506
1 120 6
4190
2,504.5
23409
2,267.6
3088
8376
1 121 2
4208
2,519.7
2,347 3
2,273.2
3064
8356
1 131 3
4250
2,543.5
2,385 1
2,310.1
3097
8553
1 1451
4296
2,549.2
2,417.1
2,340.1
3254
860.0
1 1548
4363
2,570.2
2,426.3
2,347.9
3269
859.7
1 1612
r
574.1
'437.5
'434.3
'455.8
'352.6
198.1
'574.3
'436.4
'439.2
'461.6
'354.1
199.5
575.3
437.6
440.2
462.8
355.0
201.0
r
27.4
127.1
'28.2
128.2
28.6
128.3
'62.9
78.2
448.1
419.9
63.3
79.4
'455.2
'418.8
63.7
79.8
462.0
423.1
134.1
133.3
2,988.1 '3,009.6
134.4
3,026.6
r
3,045.4 '3,067.9
3,085.5
r
'443.0
440.1
438.8
'2,588.2 r2,605.2 '2,624.8
r
r
2,426.8 2,428.5 '2,470.0
r
2,347.1 '2,347.5 '2,387.9
r
'322.7
312.5
320.2
'870.6
859.2
'853.5
1,167.6 1,181.4 1,194.6
445.4
2,640.1
2,469.2
2,386.2
319.7
866.3
1,200.2
r
62.6
78.0
'440.6
417.1
133.0
2,971.8
r
r
r
r
r
651
66 6
67 6
68 5
69 8
70 6
72 2
730
740
759
773
78.6
79.9
'81.0
81.9
10
1181
11
1259
12
1250
11
129 1
11
131 9
12
121 6
12
1636
12
1724
10
1584
1.0
132.1
1.0
143.9
1.1
161.4
1.1
176.7
1.1
154.8
1.1
170.9
5.0
5.1
5.3
5.3
5.2
5.6
6.1
6.5
6.1
5.7
'6.2
6.3
6.4
10954
1 1064
1 1182
1 1233
1 1313
1,141 8
1 1492
1,151 8
1,160 4
1,163.1
1,172.4 1,174.2 1,174.4
1,180.5
1 009 2
1575
3763
4754
1 016 7 10283 10313
1592
'l650
1649
383 1
3850
379 1
4784
4803
4814
10376
1718
3814
4845
1 052 8 1 0404
1775
1723
3860
391 3
4840
4821
1039 1
171 2
3838
4842
10539
1729
3937
4872
10677
180.9
3973
489.4
10710
182.0
3990
490.0
1,064.8 1,058.2
178.4
174.5
r
3961
391.2
r
r
492.6
490.2
1,073.9
180.0
398.8
495.1
r
5.7
r
2204
213 6
2157
215 5
2160
2165
217 4
217 9
2188
2192
2192
2192
1476
158 4
1584
1547
151 5
1543
1602
1615
161 2
1618
1675
162.6
142.9
1482
168.1
134.5
148.2
1600
183.2
143.9
141.6
160.7
182.1
145.9
142.6
156.1
173.9
143.8
152.6
150.9
164.5
141.4
158.4
153.9
166.8
145.0
152.7
1612
175.4
151.3
149.1
163.2
177.1
153.6
145.6
163.3
177.6
153.4
145.5
164.0
178.7
153.8
152.5
169.5
185.9
158.2
156.8
163.5
179.7
152.3
147.6
153.8
155.0
155.3
156.2
158.5
160.0
160.8
162.1
162.8
164.4
165.9
1492
147.1
151.7
1549
152.1
157.3
155.6
152.7
156.9
155.8
153.2
156.1
157.4
155.2
157.7
1597
157.5
159.5
1604
158.0
159.4
161.1
158.6
160.2
1625
160.2
161.4
163.3
161.1
161.7
165.3
163.1
163.0
167.4
165.2
163.8
221.8
222.4
168.1
" 170.4
168.9
"154.3
" 172.4
"189.9
"160.3
146.1
172.0
188.7
160.4
"165.2
165.2
"166.9
"164.9
"161.6
167.1
165.3
161.9
158.9
169.0
186.7
156.7
166.1
167.3
165.2
162.5
See footnotes at end of tables.
S-l
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
Annual
1T ..
Units
1982
November 1984
1984
1983
1983
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Seasonally Adjusted— Continued
By market groupings—Continued
Final products—Continued
Durable consumer goods
1967 = 100...
147.5
129.2
Automotive products
do
1295
1582
Autos and utility vehicles
do....
134.0
99.0
Autos
do
1174
866
Home goods
do
1291
1414
Nondurable consumer goods
do....
148.0
153.4
Clothing
do ....
Consumer staples
do....
163.7
159.0
Consumer foods and
tobacco
do
1497
1535
Nonfood staples
do....
169.7
175.4
Equipment ....
do
1408
1398
Business equipment
do ....
153.3
157.9
Industrial equipment #
do ....
134.9
120.4
Building and mining
equip
do ....
214.2
159.3
Manufacturing equipment
do
107 1
1072
Commercial, transit, farm
equipment #
do....
184.4
191.3
Commercial equipment
do....
2535
2732
Transit equipment
do....
103.9
95.2
Defense and space equipment
do
119.9
109.4
Intermediate products
do....
143.3
156.6
Construction supplies
do
1243
1425
Business supplies
do
1707
1621
Materials
do
1337
1452
Durable goods materials
. do
1250
138.6
Nondurable goods materials
do....
157.5
174.5
Energy materials .
do
1251
1248
By industry groupings:
Mining and utilities
do
1429
1463
Mining
do
1261
1166
Metal mining . . .
do
809
824
Coal
do
1427
1363
Oil and gas extraction #
do ....
131.1
116.6
Crude oil...
do
95 1
951
Natural gas ..
do
104 1
947
Stone and earth minerals ...
do
1121
1228
Utilities
do
1687
1724
Electric
do
190 5
196 0
Manufacturing....
do
1376
148 2
Nondurable manufactures
do
1562
1681
Foods.
do
151 1
1564
Tobacco products
do
112 1
1180
Textile mill products. ..
do
1245
1408
Apparel products
do...
Paper and products
. . do
i64 3
1508
Printing and publishing
do ....
144.1
152.5
Chemicals and products...
do
1961
2150
Petroleum products
do
1203
1218
Rubber and plastics products
do
2547
291 9
Leather and products
do
609
619
Durable manufactures ..
do
1247
1345
Ordnance, pvt. and govt
do....
86.9
95.4
Lumber and products
do
1126
1372
Furniture and fixtures
do
151 9
170 5
Clay, glass, and stone products
do
1282
143 4
Primary metals
do
753
854
Iron and steel
do
617
715
Nonferrous metals
do .
997
110 1
Fabricated metal products
do ....
114.8
120.2
Nonelectrical machinery
do ...
149.0
150.6
Electrical machinery
do...
169.3
185.5
Transportation equipment
do . . .
104.9
117.8
Motor vehicles and parts
do...
137.1
109.8
Instruments
do
1619
1587
BUSINESS SALES
Mfg. and trade sales (unadj.), total @
mil. $. 4,122,053 4,405,156
Mfg. and trade sales (seas, adj.),
total @
do 1 4 122053 '4 405 156
Manufacturing, total tt
do 1 1 910 3171 2 047 400
Durable goods industries
do
922,313 1 021 514
Nondurable goods industries
do...
988,004 1,025,886
1
Retail trade, total $
...
do ' 1 074 561 173 966
1
Durable goods stores
do
324 489 385 141
Nondurable goods stores
do ...
750,072 788,825
Merchant wholesalers, total t
do... 1 1,137,175 1 1,183,790
Durable goods establishments
do
467 107 504 810
Nondurable goods establish670,068 678,980
ments
do...
Mfg. and trade sales in constant (1972)
dollars (seas, adj.), total §
bil $
Manufacturing
do
Retail trade
do
Merchant wholesalers
do .
See footnotes at end of tables.
157.5
1729
153.1
1350
1488
157.2
156.7
171 3
149.2
1296
1484
157.1
155.9
171 5
149.2
1294
1472
156.1
158.6
1784
157.8
1374
1475
157.3
163.4
1845
163.3
1407
151 5
157.9
162.5
1821
162.2
1404
1515
158.2
163.1
184 1
164.1
1424
1513
159.1
162.2
1809
158.4
1345
1517
161.1
161.4
1798
155.9
1329
151 1
161.8
163.6
1843
158.7
1362
1520
162.7
163.7
r
!850
161.1
1387
1518
163.9
162.8
1822
159.2
134.3
1519
162.4
160.1
"160.2
172.7
172 8
" 145.6 145.3
"121.1 , 123.6
P 153.2
153.0
"162.2
162.7
167.6
167.2
165.4
166.0
166.5
166.9
168.0
170.2
171.6
173.2
174.5
172.8
f 172.9
173.6
1546
182.7
1449
158.7
125.6
1560
180.3
147 0
161.3
126.6
1545
178.1
149 1
164.1
128.6
1554
178.3
151 8
167.3
130.8
1565
178.2
154 9
170.7
133.7
1568
178.7
156 1
171.9
134.6
1576
180.1
1564
172.1
134.8
1604
181.6
158 5
173.5
135.9
1610
183.9
160 3
176.5
138.5
1619
186.3
1633
181.1
140.4
1629
188.0
1670
185.5
143.1
1617
185.7
1688
187.8
143.3
"185.4
"1693
"188.0
"142.7
186.2
170 0
188.5
143.4
160.8
166.9
175.8
185.3
185.1
182.0
175.2
173.6
182.9
185.8
190.0
191.6
"190.7
193.2
1150
114 6
114 3
1151
1197
1209
1242
1262
1274
1286
1301
1297
"1298
130 1
r
239.3
r
p
196.9
2817
97.6
121.8
165.4
1514
1793
1522
147.4
182.3
1264
201.3
2881
100.0
122.9
166.5
1523
1806
1540
1494
185.3
1263
205.1
2925
103.2
124.0
165.5
1516
1794
1545
1503
184.8
127 1
209.6
2989
106.0
125.7
165.4
1515
1793
1545
1513
180.3
1300
213.3
3032
110.1
128.3
167.8
1555
180 1
1566
1546
181.2
1313
215.1
3059
110.1
129.5
169.0
1566
181 3
1594
1586
184.1
1310
215.3
3069
109.2
130.1
170.2
159 1
1813
1604
1595
185.9
1313
217.0
3096
108.9
133.2
171.0
159 6
1823
1615
161 3
185.7
1321
220.5
3155
109.7
133.1
171.6
1595
1835
1620
1616
187.4
1319
228.1
3263
115.1
133.5
173.5
1609
1861
1629
1630
186.7
1332
r
234.5
r
3334
120.4
135.9
175.8
161 9
189 5
1635
164.2
186.5
1337
339.5
125.2
136.8
175.2
1612
1890
1643
165.7
186.8
1331
"240.2
"344.9
"121.3
"138.0
"174.3
"159.7
"188.8
"162.8
"163.8
"185.5
"132.2
?
'1?240.5
347.2
118.9
139.0
173.8
158.3
146.5
117 1
787
1405
116.3
954
91 5
1265
1793
204 5
155 1
174 6
1582
1127
1487
1458
1183
810
1427
117.3
94 4
92 9
1274
1765
200 7
156 2
1756
157 6
109 1
148 7
147.2
121 1
846
1448
119.8
94 0
96 7
1322
1763
200 2
156 4
174 8
157 1
109 5
1458
151 5
1237
823
1452
123.4
94 6
985
1339
1825
208 0
156 8
173 9
157 7
112 3
1450
151.4
1248
894
151 5
123.1
964
996
1348
1810
2068
159 5
175 2
1594
1164
143 9
1489
1241
974
1632
119.6
946
992
1330
1765
2000
161 4
177 2
160 0
1109
142 3
1504
1238
1000
1640
118.2
93 5
1007
1358
1800
204 6
162 1
177 6
161 2
111 8
143 5
1513
1233
985
1514
118.8
97 0
152.1
1250
980
1539
120.4
957
154.1
1270
968
161 5
121.6
95 5
154.4
1299
964
1765
122.8
r
965
153.1
1285
r
834
1717
122.8
r
963
"152.9
"1284
"813
"173.7
"122.4
"967
150.4
1237
140 4
1827
207 7
163 4
179 1
163 1
113 3
140 0
1440
1823
206 8
164 2
1799
1642
1128
1405
1479
1843
209 6
165 7
1813
1651
1183
1407
1519
1818
2059
1673
1818
1649
1151
1398
1535
1806
r
2040
1678
1817
1646
1138
1405
"1540
"180.2
"2035
"1669
"1808
1704
161.7
224 1
1251
3109
64 2
141 6
98.0
1423
1807
1517
906
782
1135
127.4
158.3
195.8
124.7
1509
1636
171 5
162.7
228 4
123 6
310 8
64 0
142 8
98.8
141 7
181 0
151 9
953
843
1155
126.9
159.2
198.4
125.5
1509
1630
172 1
162.0
2256
1254
309 1
63 2
143 6
99.3
141 0
177 5
1527
922
79 2
114 1
128.5
161.8
200.1
127.3
1529
1630
1701
161.7
221 1
114 4
314 4
660
1450
99.8
1438
177 9
153 8
904
74 i
1215
129.2
164.3
201.5
130.8
1589
1646
1723
163.4
221 5
1188
317 2
61 4
148 6
99.7
1460
183 8
157 8
932
807
1174
131.7
169.5
206.2
134.9
1663
1678
1766
164.8
224 8
1276
318 5
63 9
150 5
99.6
1456
1856
1604
984
860
1213
132.8
170.9
209.9
135.2
1644
1686
1738
165.2
2250
1270
323 8
639
151 4
100.6
1493
184 6
160 2
975
84 4
1225
134.9
171.9
212.0
135.8
1658
1697
1724
166.3
2283
1268
328 0
63 5
152 6
101.4
151 2
186 6
160 0
993
84 0
1229
135.5
174.9
214.6
1
134.5
1619
1710
174 1
167.5
2279
1279
334 1
61 4
1533
100.8
1463
190 5
1606
982
835
1214
136.5
178.8
214.5
135.0
1630
1718
1746
169.0
2310
1275
341 0
600
1549
101.7
1485
191 9
1597
979
835
122 1
138.7
182.0
216.0
137.2
165.3
1745
1767
172.6
r
2320
1247
341 4
606
1572
102.7
1460
1926
1609
945
765
1317
140.6
186.9
221.5
140.6
169.0
1767
176.8
174.1
r
2315
1243
r
3415
r
599
1581
105.0
1488
195 5
1613
r
953
r
775
1276
140.2
189.6
r
221.4
141.2
169.9
177.4
"177.2
"173.8
"230.0
"122.9
"3384
"606
"157 2
"106.3
"150.4
"1950
"159.5
"93.3
"75.5
"125.6
"139.6
"189.7
"222.3
"137.0
"160.6
"177.7
386,670 389,500
379 229
177 521
88963
88,558
99537
32905
66,632
102,171
43535
389,339 412,744
382 457 386 564 395 682
177 324 180 875 186 352
89181 92311 96351
88,143 88,564 90,001
100 923 101 896 102 438
33882 34641 35532
67041 67255 66906
104 210 103 793 106,892
44519 44 946 46363
367,603 383,524
r
401 133 398 815 401 905 405 880 412 725 414 124 411 410 411 176 408 931
184 406 185 005 188 479 187 332 189 376 190 401 190 658 192 006 189 606
95283 96297 96990 95697 97944 99042 98390 101 035 98,651
89,123 88,708 91,489 91,635 91,432 91,359 92,268 r90,971 90,955
106 602 105 482 103 873 107 505 108 237 109 322 107 442 106 606 107 871
37 127 36909 35306 37436 37912 38687 37452 r36 781 36666
69475 68573 68567 70069 70325 70635 69 990 r69 825 71,205
110,125 108 328 109 553 111 043 115112 114 401 113310 112 564 111,454
47855 47308 48454 49 366 51 188 52212 50875 r50 605 50 196
59,691
58,847
60,529
62270
61 020
61 099
61 677
CO GO/1
1670
764
503
403
168 1
766
507
408
1702
78 2
512
408
174 1
804
519
41 8
1753
794
532
428
174 1
79 4
528
419
1744
80 3
519
422
1759
797
53 4
428
1795
80 8
543
444
62 435
1803
81 2
547
444
1786
r
808
537
440
r
129.6
122.8
180.3
'2033
1672
1814
"138.4
r
417,312 401,673 423,493 429,613 392,505 414,413 409,142
58,636
162.1
163.6
185.9
129.1
61 959
61 258
1789
819
r
532
r
438
1776
805
539
432
178.5
174.0
124.9
1573
107.3
e
94.0
139.9
190.9
'221.5
136.6
159.0
177.8
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-3
SURVEY OF CURRENT BUSINESS
November 1984
,, ..
vnn&
Annual
1982
1984
1983
Nov.
Oct.
Sept.
1983
Feb.
Jan.
Dec.
Mar.
Apr.
June
May
Sept.
Aug.
July
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INVENTORIES
Mfg. and trade inventories, book value, end of
period (unadj ) total @
mil $
500 915
Mfg. and trade inventories, book value, end of
period (seas adj.), total @
mil $
505 546
Manufacturing, total tt
do
264 599
Durable goods industries
do
175 009
Nondurable goods industries
do
89 590
Retail trade total $
do
125 384
Durable goods stores
do
56748
Nondurable goods stores ..
do
68636
Merchant wholesalers, total t
do
115 563
Durable goods establishments
do . . . . 76,013
Nondurable goods establishments
.
do
39550
Mfg. and trade inventories in constant (1972)
dollars, end of period(seas. adj.),total §....bil. $ ..
Manufacturing
do
Retail trade
.
do
Merchant wholesalers.......
do
BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade total @
ratio
1 52
Manufacturing, total tt
do
173
Durable goods industries ....
do
237
Materials and supplies
do....
.72
Work in process
do
103
Finished goods
.
do
61
Nondurable goods industries . .
do
1 13
Materials and supplies
do....
.44
Work in process
do....
18
Finished goods .
do
50
Retail trade, total $
do
142
Durable goods stores
do ....
2.18
Nondurable goods stores
do
109
Merchant wholesalers, total t
do
125
Durable goods establishments....
do
201
Nondurable goods establishments
do
72
Manufacturing and trade in constant (1972)
dollars, total §
do
Manufacturing
do
Retail trade
do
Merchant wholesalers
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS tt
Shipments (not seas, adj.), total ....
mil $ 1 910 317
Durable goods industries, total
do .... 922,313
Stone, clay, and glass products
do ...
44005
Primary metals....;. . . .
do
107 031
Blast furnaces, steel mills
do....
47,320
Fabricated metal products ..;
do..
113 975
Machinery, except electrical
do
180 612
Electrical machinery
do
141 056
Transportation equipment
do
195 054
Motor vehicles and parts
do
112 177
Instruments and related products
do
48873
Nondurable goods industries,
total
do
988 004
Food and kindred products
do.... 277,324
Tobacco products
do
14 455
47 217
Textile mill products
do
Paper and allied products
do
78989
Chemical and allied products
do
172 803
Petroleum and coal products
do
206 430
Rubber and plastics products
do
50163
Shipments (seas, adj.), total..
do....
By industry group:
Durable goods industries total #
do
Stone, clay, and glass products
do ....
primary metals
do
Blast furnaces, steel mills
do....
Fabricated metal products .
do
Machinery, except electrical
do ....
Electrical machinery
do
Transportation equipment
do
Motor vehicles and parts
do
Instruments and related
products ..
do
Nondurable goods industries, total # 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
See footnotes at end of tables.
509 324
506 404
516 614
521 655 509 324
545 727
544 853 547 096 r552 617
558 997
r
556 519 559 793
285,184
188,725
96 383 96459
146 318 147 041
r
66 602 67445
r
79 716 79,596
126 676 127 568
r
81,971 82,694
532 766
267 379
175 751
91 628
143 910
66946
76964
121 477
78,188
541 060
270 392
177 993
92399
146 883
69 010
'77 873
123 785
78,438
545 912
274 593
180 578
94 015
146 951
68277
78674
124 368
78,817
546 834
277 481
182 452
95029
145 359
66896
78463
123 994
79,696
551 366
280 019
184 559
95460
145 120
66 141
78979
126 227
81,191
42793
43501
43289
45347
45551
44298
45036
2602
1359
688
555
2632
1369
703
560
2651
1382
707
562
2680
1389
718
573
2700
1405
718
577
2700
1416
71 1
572
272.1
1426
713
582
274.3
1439
r
716
r
58.8
275.9
1448
719
59.2
1 29
1 41
180
.54
81
45
100
.41
16
43
1 29
1.72
1 07
108
160
1 32
143
180
.54
81
44
102
.42
.17
44
135
1.89
1 11
1 11
163
133
142
181
.55
82
44
100
.40
16
44
139
1.90
1 12
1 11
161
133
1 44
1 86
.55
85
45
101
.40
16
44
137
1.84
1 11
1 11
1 59
1 32
1 45
184
.55
84
45
103
.41
16
45
136
1.80
112
108
1 54
1 32
146
184
.55
85
45
104
.41
17
46
133
1.73
1 11
1 08
153
134
147
188
.56
86
45
103
.41
16
46
135
1.77
113
111
160
135
148
185
'.56
85
45
106
.41
.17
48
1 37
1.81
1 14
1 13
162
1 37
150
191
.57
88
46
106
.42
.16
48
136
1.84
1 12
1 14
165
70
69
72
71
74
71
71
72
72
73
149
169
131
132
148
171
129
130
1 51
172
133
134
152
172
136
133
152
174
134
134
150
1 74
132
130
150
175
130
129
152
177
133
132
153
176
135
134
1.55
180
133
1.37
169 717 186 655 197 619 188 667 191 416 201 941 175 607 ''IBS 646
r
85,815 96,948 103,730 97,967 99,968 106,969 88,455 96,864
r
4526
4,981
4923
4511
4578
4719
4328
3 758
1
12404 11 772 11 756 12215 10 321 1 183
10 526 11 457
'4,663
4,436
5,264
5,211
5,012
5*.097
4,789
4,300
9891 11 121 11 589 11 181 11426 12017 10 531 11,612
19529 15 588 16 249
14429 16717 18 506 16685 17644
13 129 14435 15791 14637 14*970 16510 13668 r14 975
25649 24167 24465 25824 20 091 22,401
21819 24529
15372 16 865 17 636 16363 16717 17058 12 855 14 927
r
4 041
4668
4386
5122
4333
4710
4851
4634
198,606
103,305
4,860
10 752
4,478
12,023
19 112
16696
23,794
15122
5217
506 984
259 168
170 084
89 084
132 142
60 627
71515
115 674
74,249
42256
41 425
42019
42 167
42256
2568
1359
665
544
2573
1358
668
547
2581
1359
675
547
2590
1359
679
552
137
152
201
.60
90
51
103
.41
17
46
133
1.85
107
1 17
176
134
146
191
.57
86
48
101
.40
16
44
133
1.84
107
1 13
171
133
146
191
.57
86
48
101
.40
17
44
132
1.80
107
1 12
168
132
144
185
.55
83
46
101
.40
17
44
132
1.80
107
1 13
166
130
1 40
178
.54
80
44
99
.40
16
43
133
1.79
108
1 10
164
72
71
70
72
154
178
132
135
1 53
177
132
134
152
174
132
1 34
185 882 182 791 179 712 179 624
93,189 92,735 91,572 92,344
4289
4531
4688
3734
10 505 10 659 10 542 10932
4,245
4,382
4,476
4,300
11 107
11224 10522 10006
15606 15 534 17 546
16034
14398 14 066 14 059 14330
21613 21948 22551 22014
14015 14 988 14 885 13 222
4 444
4 415
4 596
4 674
1 025 886 92693 90056
286,605 25,908 24,694
1341
1525
15462
4 807
4830
52 219
7462
7425
85135
17532 16290
190 230
191 551
16 961 16 295
4 514
50320
4 574
177 521 177 324
534 333 542 347
518 062 527 216
260 884 264 074
171 549 173 203
89335 90871
137 977 142 731
63749 66*513
74228 76218
119201 120411
76,408 76,910
509 171 511 453 514 336
259 569 259 873 260 426
170 219 170 656 171 571
89 350 89 217 88855
132 777 134 622 135 843
61048 62 441 63447
71729 72181 72396
116825 116958 118067
74,806 74,791 75,811
514 336
260 426
171 571
88 855
135 843
63447
72396
118067
75,811
2 047 400
1,021,514
49058
117 904
48,189
120 570
178 267
156 016
240 496
151 870
50016
513 621 525 177
88 140 87 280
24,050 24,344
1410
1771
4 474
4496
7275
7 135
16078 16706
16 084 16412
4 095
4 300
180 875 186 352
83 902 89707
22,701 24,300
1 035 1 241
4*771
4 202
8024
7 459
16485 17486
15 582 15825
4 340
3 985
184 406 185 005
93 889 90700 91 448
25,454 24,339 24,545
1 286
1420
1500
4 694
4 762
5 186
8076
8 149
7 917
18703 18308 18493
16 842 16 579 16 534
4 494
4 411
4475
188 479 187 332 189 376
r
283 525
r
!87,142
r
r
44 705
r
44874
94 972 87 152 r91 782 95301
r
25,408 23,700 24,418 26,224
1,494
1,571
1291
1641
r
4730
4884
3856
4995
r
8137
8167
7706
8546
19045 16 487 17,359 18,199
17 044 16471 16469 17370
r
4348
4 445
4*682
4194
190 401 190,658 192,006 189,606
88 963
4304
10286
4266
10616
15,416
13571
21063
13732
89 181
4226
10631
4406
10681
15,588
13594
20609
13513
92311
4346
11 164
4641
10766
15,912
13966
22039
14,395
96351
4250
11 964
4*796
10 889
16444
14579
23 531
15602
95283
4462
10783
4335
10904
16327
14327
24 223
16761
96297
4*634
10 973
4565
11083
16,481
14216
24257
16540
96990
4458
11571
4751
10977
17,029
15127
23215
15,890
95697
4486
11 191
4719
10930
16,768
14606
22845
15175
97 944
4612
11 342
5032
11 219
17,704
15006
23 196
15558
99042
4495
11 488
4906
11 145
17,821
15435
23627
15324
98390 101 035
r
4575
4,719
11364 11 608
r
4,848
4,913
11459 11 555
17,292 17,307
15223 15 422
23 576 r25 496
15,722 17,358
4297
88558
24316
1432
4523
7229
16,904
16868
4354
4305
88143
23904
1295
4615
7354
17,145
16218
4308
4304
88564
23,765
1423
4482
7542
17,209
16074
4499
4 568
90001
24502
1 618
4806
7701
17329
16093
4567
4490
89 123
24542
1 137
4770
7743
17088
15699
4264
4426
88708
23998
1349
4787
7797
17,159
15751
4320
4590
91489
24750
1614
4710
7778
17,262
17 314
4438
4 734
91 635
25143
1321
4737
7784
17 643
17168
4330
4 809
91432
24944
1 414
4687
8026
17559
16507
4400
4774
91359
24409
1 566
4595
8 189
17,901
16541
4352
4883
92 268
25202
1295
4520
8201
18,172
16 537
4 407
r
4746
r
90,971
r
24,255
1444
r
4588
r
7,995
18^048
16362
r
4304
98651
4,459
10537
4,501
11,499
18,347
15,746
23219
14,854
4882
90,955
24,579
1470
4,573
7,924
17,449
17269
4,197
Oct.
S-4
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
Annual
IT .,
unus
1982
November 1984
1984
1983
1983
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS t_Continued
Shipments (seas, adj.) — Continued
By market category:
Home goods and apparel
mil. $
Consumer staples
do
Equipment and defense prod.,
exc. auto
do
Automotive equipment
do
Construction materials and
supplies
do
Other materials and supplies
do
Supplementary series:
Household durables
do
Capital goods industries
do
Nondefense
do ..
Defense
do
Inventories, end of year or month:
Book value (unadjusted), total
do ....
Durable goods industries total
do
Nondurable goods industries,
total
do
Book value (seasonally adjusted),
total
do
By industry group:
Durable goods industries,
total #
do
Stone, clay, and glass
products
do
Primary metals
do
Blast furnaces steel mills
do
Fabricated metal products
do
Machinery except electrical
do
Electrical machinery
do
Transportation equipment
do
Motor
vehicles
and
parts
do
Instruments and related
products
do
By stage of fabrication:
Materials and supplies
do •
Work in process
do
Finished goods
do
Nondurable goods industries,
total #
do
Food and kindred products
do....
Tobacco products
do
Textile mill products
do
Chemicals and allied
products
Petroleum
and
coal
products
Rubber
and
plastics
products
By stage of fabrication:
Materials and supplies
Work in process
Finished goods
By market category:
Home goods and apparel
Consumer staples
Equip, and defense prod.,
exc. auto
Automotive equipment
Construction materials and
supplies
Other materials and supplies
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
New orders, net (not seas, adj.),
total
Durable goods industries, total
Nondurable goods industries total
New orders net (seas adj ) total
By industry group:
Durable goods industries, total
Primary metals
Blast furnaces, steel mills
Nonferrous and other primary metals
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Aircraft missiles and parts
Nondurable goods industries,
total
Industries
with
unfilled
orders t
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
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
See footnotes at end of tables.
1
12489
32 345
12601
31952
12850
32 151
12,878
33349
13,289
32856
13,070
32477
13,124
33699
12,680
33741
13,204
33786
13,202
33798
13,116
34295
12,877
r
33,658
12,567
33,640
25524
' 290 770 '297016
1
130 758 ' 174 193 15,627
25125
15,412
26281
16,294
27441
17,775
25971
18,818
26409
18,594
27 193
17,996
26809
17,192
27830
17,673
28,829
17,404
27,841
17,719
r
r
28,244
!9,267
29,767
16,749
'135945 1 157 168
' 854 213 ' 890 530
13771
77765
13748
78486
13943
79356
13919
80990
13959
79513
14643
79812
14 177
82290
14283
82627
14,331
82552
14,444
82724
14,542
83145
r
!4,887
r
83 073
14,822
82,061
56 685
' 64 777
'337497
'272,339
'65 158
5595
28948
23,482
5466
5702
28749
23,109
5640
5828
29825
24,138
5687
5855
31 123
25,445
5678
5989
29,810
24,092
5718
5930
30,010
24,158
5852
6043
30,967
25,236
5731
5934
30,784
24,799
5985
6,299
31,643
25,894
5749
6,506
32,869
26,892
5977
6,424
31,852
25,859
5,993
r
6,264
32,177
26,048
r
6,129
6,167
33,787
27,652
6,135
261,987
172615
257,601
169 023
257,216
169 056
258,831
169 331
259,223
169 575
257,601
169 023
260,807
170 750
265,548
174 288
268,783
176 910
272,650
179 644
276,642
182 319
277,528
183 014
279,512 '282,950
184 547 187,320
283,175
187,533
89372
88578
88 160
89 500
89648
88578
90057
91260
91 873
93006
94323
94514
1
130,888
367 743
' 57 753
1
327 990
1
271,305
1
'145 185
1
383 308
r
r
r
94965
95 630
95,642
r
264 599
260 426
259 168
259 569
259 873
260 426
260 884
264 074
267,379
270 392
274 593
277,481
280,019
283,525
285,184
175 009
171 571
170 084
170 219
170 656
171,571
171,549
173,203
175,751
177,993
180,578
182,452
184,559 187,142
188,725
5923
21 409
10666
17723
40 099
26595
40 446
5677
19228
9122
17819
36711
28 154
40528
5685
19782
9401
17541
37 174
27,175
39687
5694
19,668
9371
17352
37042
27,347
39809
5688
19,700
9402
17,666
37032
27,516
39646
5677
19,228
9 122
17,819
36711
28,154
40528
5600
19,009
8893
17,765
36922
28,127
40716
5596
19,434
9 139
17,892
37089
28,471
41 206
5687
19,886
9329
18034
37444
28,909
42082
5,730
20,313
9444
18167
37873
29,201
42756
5,782
20,934
9778
18231
38 155
29,732
43757
5,860
21,150
9902
18,547
38519
30,174
44219
5,878
21,158
9957
18,394
39060
30,824
45093
8,315
9,460
8,578
8,729
8,919
9,460
9,617
9,751
9,934
9,974
10,178
10,281
10,565
9 237
9 014
8937
8949
9023
9014
8828
9020
9087
9 146
9294
9358
9483
52475
77 724
44 810
51640
77 372
42559
50821
76 401
42862
50909
76788
42522
51 174
76582
42900
51 640
77372
42559
51910
77058
42581
52228
78 173
42802
52866
79926
42959
53072
81 465
43456
53,967
82658
43953
54,420
83863
44 169
89590
20,678
4 407
6183
8 563
88855
20,797
3 931
6899
8729
89084
21,025
4 200
6814
8 489
89350
20,783
4 120
6966
8 640
89217
20,680
4 050
6954
8755
88855
20,797
3931
6899
8 729
89335
20,996
3870
6951
8 829
90871
21,354
3831
6960
8 898
91628
21,629
3771
7066
8 914
92399
21,511
3683
7097
9036
94,015
22,203
3645
7203
9 123
do
19878
19582
19566
19649
19700
19582
19509
19840
20357
20585
do
9 389
8 232
8 674
8 680
8 462
8 232
8 165
8739
8319
do
5813
5673
5701
5724
5723
5673
5684
5797
do
do
do
35074
14309
40207
36066
14 485
38304
35731
14 490
38*863
35 682
14 647
39021
35 558
14 841
38818
36 066
14 485
38304
36 486
14 656
38 193
do
do
20179
33259
20946
32 143
399HQ
20448
20650
99 19fi
20683
32223
20946
32*143
do
do
76422
10468
73257
11 626
73148
10632
73223
10772
73045
11 031
do
do
18886
105 385
19 134
103 320
19307
103 424
19217
103 579
do
do
do
do
9879
86 197
70259
15938
10093
83 191
65*432
17 759
9848
83 063
65555
17 508
r
5,923
21,302
10,024
18,326
r
40 070
r
31,397
r
45,895
6,031
21,376
10,057
18,736
39967
31,848
46,634
10,523
10,687
r
r
9526
9466
55,339
84765
44455
r
56,089
r
56,573
86805
45,347
95,029
22,071
3566
7301
9203
95,460
22,039
3,501
7,367
9353
r
96,383
"•22,285
r
3,470
r
7,400
r
9425
96,459
21,653
3,623
7,355
9602
20 810
21 617
21,758
r
22,679
8947
9050
8892
8858
r
5900
5,786
5,992
6,185
6,251
r
37 063
14739
39069
36956
14759
39913
36931
14862
40606
37642
15022
41,351
37495
15160
42,374
91 283
32*497
21 365
32865
21 695
33 173
22023
33257
22261
33773
73257
11 626
73445
11 720
74025
11945
74849
12 167
76,020
12163
19275
103 616
19 134
103 320
19047
109 892
19 199
lrt/1 «75
19298
106 197
9 906
83 070
65712
17 358
9860
82 631
65268
17363
10093
83 191
65432
17759
10 144
83 278
65466
17812
10 161
83839
65622
18217
187 600
94*731
92869
180 336
189 532
99529
90003
182 911
183 563
95606
87957
186 606
184 379
97,124
87255
188 374
178 284
94005
84279
188 671
do
do
do ...
'901 550 ' 1 053 671 91 509
'101 010 ' 123 394 10 998
' 43,539
'51,282
4,843
94776
11 273
4,962
97991
12 147
4,999
98444
11 809
4*.836
do
do
do . . .
do
do
do
1
48 201
1
106 790
1
162,913
1
4942
10 524
16,944
14350
20 498
6179
5138
10 591
17,073
15055
22551
7672
5935
10736
16,115
14801
25717
8308
do
'987 118 ' 1 027 529 88827
88135
do
1
do
1 888 668 2 081 200
do...
901,550 1 053 671
do
987 118 1 027 529
1 1 888 668 ' 2 081 200
do
147 579
1 200 596
1
67 743
'59618
'119 455
'180,874
' 165 573
' 254 004
' 81 899
86 034
45 019
r
22,118
8,889
8,812
6,329
6,181
37618
15,038
42,804
r
37 643
15,239
r
43,501
37,833
14,853
43,773
22,405
33,839
22,655
34,089
r
22,762
34,606
77,061
12479
77,863
12,621
79,224
12,889
r
19539
107 390
19,579
109 440
19,663
111 090
10391
85207
66670
18537
10623
86342
67417
18925
10668
87746
68,254
19492
10,801
88778
68,789
19989
194 643
104 611
90032
191 336
207 903
114,091
93812
196 477
190 601
99,921
90680
189 715
193 010
101,659
91351
193 680
99439
11 622
4,848
102 345
11 442
4,773
105 183
11 657
4,988
98317
11877
4,782
5,683
10779
16,415
15,369
25 167
8477
5361
10986
17,159
15658
24931
6423
5316
11 411
17,215
16 143
26702
7487
5309
10931
18,303
16892
28444
11 263
88615
89930
89232
88991
22,738
34,506
r
81,117
12,936
81,688
13,075
19,717 19,657
111,445 112,571
19,816
113,237
11,084
92,358
r
71,095
r
21,263
11,130
93,156
71,018
22,138
199 212
104,411
94,801
190 620
177,480 187,247
90,211 r95,892
87,269 r91,355
194 037 192 578
196,744
101,585
95,159
189 016
102,256
10653
4,357
99,171
10 155
3,877
101,704 102,015
11 183 11 245
r
4,714
4,576
98,111
10135
4,014
5,770
10889
16,873
14,716
24523
8001
5,046
11 573
18,797
17,535
23776
6393
4,913
11084
18,512
15,988
24055
7044
5,203
11,024
18,149
16,267
25267
8,259
r
5,197
12,034
17,549
16,403
r
25 096
r
6,962
4,877
11,887
17,947
16,718
21 911
6,609
91 294
91398
91 424
91449
92333
r
90905
10,971
90,369
69,593
20776
r
90 563
202 344
' 222 706
18880
19,177
19,470
19,712
20035
20,141
19,658
19,899
20,547
20,798
20,873
r
do
'784 774
' 804 823
69947
68958
69 145
70218
69 197
68 850
71636
71499
70877
70651
71460
r
70 201
70,571
do
do
do
do
1
130 197
1
367 ,750
1
'145891
' 383 242
288 324 '310882
' 129 645 ' 176 620
12441
32366
27262
15492
12529
31,934
27967
15814
12877
32,176
30009
16,615
13024
33,330
27589
18060
13591
32839
27 558
19042
13440
32500
30335
18791
12802
33,637
33469
17871
12590
33,731
27319
17400
13440
33,806
31044
17561
13057
33,785
30612
17,282
13,159
34,271
29,857
17,694
12,896
r
33,691
r
30,375
18,945
12,570
33,637
29,898
16,311
do
' 131 667 ' 156 572 13669
1 841 085 ' 907 993 79 106
13737
80930
13864
81065
13824
82 547
13937
81 704
14773
81 497
14283
84 082
14267
84 408
14429
83400
14,435
81 449
14,384
84672
15,144
r
81 527
14,875
81725
do
do
do
do
'57 162
1 323 565
'248 166
'75,399
5645
32065
2C499
6,566
5,826
33684
24680
9,004
5980
32493
24893
7,600
6299
31701
25093
6,608
6,249
34307
27018
7289
5,707
38399
26860
11,539
5,832
32 133
25885
6,248
6,544
34637
28958
5,679
6,394
35019
28,029
6,990
6,452
34863
27,648
7,215
r
6,310
r
34 083
r
26,499
r
6,198
34,062
27,560
6,502
' 65 384
5514
'354 712
30 449
'273 162
25295
' 81 550 5 154
20,362
7,584
20,334
Oct.
SURVEY OF CURRENT BUSINESS
November 1984
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
.. .f
units
Annual
1982
S-5
1984
1983
Sept.
1983
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Sept.
Aug.
Oct.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS tt— Continued
Unfilled orders, end of period (unadjusted),
total
mil $
294,147 327,947
Durable goods industries, total
do.... 285,266 317,423
Nondurable goods industries with
unfilled orders $
do
8,881
10,524
Unfilled orders, end of period (seasonally
adjusted) total
mil $
296,147 330,122
By industry group:
Durable goods industries, total #
do.... 287,014 319,303
Primary metals
do
20,817
15,145
Blast furnaces, steel mills
do....
10,094
6,843
Nonferrous and other primary metals
.
do
6,155
8,195
Fabricated metal products
,
do....
20,534
21,646
Machinery, except electrical
do . . . . 55,759
58,363
Electrical machinery
do
69,996
60,333
Transportation equipment
do.... 121,203 134,467
Aircraft,
missiles, and
parts
do
93,037 103,890
Nondurable goods industries with
unfilled orders $
•
do
9,133
10,819
By market category:
Home goods and apparel *
do
3,477
4,234
Consumer staples *
do
799
728
Equip, and defense prod., excl.
auto *
do
183,056 196,656
Automotive equipment *
.
do
5,246
7,618
Construction materials and
supplies
do ..
12,866
12,276
Other materials and supplies
do
90,703 108,610
Supplementary series:
Household durables
.
do
3,057
3,715
Capital goods industries
do
219,762 236,703
Nondefense
do
123,108 123,942
Defense do
96,654 112,761
BUSINESS INCORPORATIONS @
New incorporations (50 States and Dist. Col.):
Unadjusted
number .. 566,942 600,400
Seasonally adjusted
• do
INDUSTRIAL AND COMMERCIAL
FAILURES @
Failures, total
number ..
24,908
Commercial service
do
3,840
Construction
do
4,872
Manufacturing and mining
do
3,683
Retail trade
do
9,730
Wholesale trade
do
2,783
(2)
Liabilities (current) total
thous $
Commercial service
do .... 1,449,594
Construction
do.... 1,374,319
Manufacturing and mining ....
do
5 509 902
Retail trade
do
4 479 445
Wholesale trade
do .... 2,797,532
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns ..
'88.4
312,599
301,814
319,340
308,608
323,191
312,642
327,947
317,423
336,515
325,614
344,503
333,278
354,789
343,641
356,717
345,592
358,317
347,289
355,590
344,731
357,473 r356,071
346,493 '345,519
354,202
343,793
10,785
10,732
10,549
10,524
10,901
11,225
11,148
11,125
11,028
10,859
10,552
10,409
316,782
322,369
328,099
330,122
334,385
340,725
348,717
351,099
355,398
355,625
358,990 '359,564
358,975
305,935
19,347
9,140
311,530
19,989
9,696
317,209
20,971
10,053
319,303
20,817
10,094
323,457
21,656
10,607
329,512
22,127
10,816
337,702
22,213
11,053
340,320
22,899
11,116
344,631
22,210
10,442
344,765
20,877
9,413
348,065 '349,048
20,696 '20,333
'8,942
9,076
348,509
19,930
8,455
7,777
20,764
56,704
66,910
127,211
7,848
20,674
58,189
68,371
129,153
8,460
20,644
58,392
69,206
132,831
8,195
20,534
58,363
69,996
134,467
8,392
20,616
59,195
71,325
135,174
8,533
20,942
59,930
73,254
137,621
8,275
20,896
61,205
75,020
142,845
8,765
20,854
61,309
75,129
144,527
8,706
21,208
62,400
77,662
145,107
8,269
21,146
63,095
78,214
145,534
'8,120
8,298
20,709 '21,187
63,949 '64,191
79,254 '80,239
147,224 '146,824
8,228
21,575
63,791
81,211
145,518
97,447
99,487
101,605
103,890
104,419
105,846
111,450
113,463
113,849
114,309
116,329 '116,810
116,668
10,847
10,839
10,890
10,819
10,928
11,213
11,015
10,779
10,767 ;
10,860
10,925
'10,516
10,466
4,133
740
4,061
722
4,088
747
4,234
728
4,537
711
4,909
735
4,589
672
4,499
663
4,733
682
4,590
670
4,631
646
'4,650
'679
4,654
676
189,939
6,610
192,781
7,012
196,509
7,333
196,656
7,618
198,240
7,842
202,168
8,039
208,444
7,913
208,951
8,121
212,164
8,010
213,950
7,888
215,960 '218,093
'7,540
7,863
218,224
7,102
12,461
102,899
12,450
105,343
12,371
107,051
12,276
108,610
12,254
110,801
12,385
112,489
12,489
114,277
12,471
116,394
12,570
117,239
12,561
115,966
12,403 '12,660
117,487 '115,942
12,713
115,606
3,649
228,158
121,562
106,596
3,592
231,474
123,952
107,522
3,590
235,333
124,494
110,839
3,715
236,703
123,942
112,761
4,026
238,591
124,941
113,650
4,346
242,889
127,802
115,087
4,012
250,319
129,425
120,894
3,911
251,670
130,512
121,158
4,154
254,663
133,575
121,088
4,043
256,817
134,717
122,100
'4,115
4,069
259,820 '261,729
136,501 '136,955
123,319 '124,774
4,147
262,005
136,863
125,142
49,890
50,445
49,331
50,441
47,924
51,642
51,969
51,557
52,885
53,044
51,501
53,591
57,003
53,424
54,257
53,933
54,338
51,166
10,980
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS t
Prices received, all farm products
1910-14=100..
Crops #
do
Commercial vegetables
do....
Cotton
do
Feed grains and hay
do
Food grains
do
Fruit
do
Tobacco
do
Livestock and products #
do
Dairy products
do
Meat animals ....
...
do
Poultry and eggs
do
Prices paid:
Production items
do
All commodities and services, interest, taxes,
and wage rates (parity index)
1910-14 = 100..
Parity ratio §
do
CONSUMER PRICES
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
ALL ITEMS, WAGE EARNERS AND
CLERICAL WORKERS, REVISED
(CPI-W)
1967 = 100..
ALL ITEMS, ALL URBAN CONSUMERS
(CPI-U) 0
1967-100..
Special group indexes:
All items less shelter
do....
All items less food Q
do....
All items less medical care 0
do....
See footnotes at end of tables.
609
525
631
469
378
401
648
1 501
696
831
876
252
614
551
650
534
453
407
464
1 429
679
830
831
269
621
584
617
533
491
414
387
1 646
659
826
781
291
613
577
665
541
476
412
426
1 517
649
844
758
284
616
579
654
564
476
405
432
1 557
653
850
742
317
639
590
713
568
476
398
494
1 532
689
838
807
335
660
599
815
529
479
399
479
1 469
724
832
853
373
658
592
843
555
473
391
473
1 457
726
820
869
364
663
601
771
595
483
399
481
1 448
727
807
890
339
665
605
677
575
498
412
497
1 444
725
801
881
353
659
621
608
622
505
413
595
1 444
699
795
863
303
658
627
589
587
500
392
751
1 444
689
783
860
286
657
615
603
576
482
375
767
1444
699
789
873
294
655
623
707
567
460
390
912
1521
687
801
855
273
'634
'589
'640
'545
'434
'390
'906
1 635
'680
'832
'826
280
632
598
689
549
414
388
1,063
1,605
665
850
799
267
865
884
889
885
891
895
901
903
910
912
909
907
901
897
'892
887
1,076
57
1,105
56
1,112
56
1,110
55
1,116
55
1,119
57
1,128
59
1,132
58
1,138
58
1,141
58
1,140
58
1,139
58
1,136
58
1,134
58
'1,132
56
1,129
56
288.6
297.4
300.8
301.3
301.4
301.5
302.7,
303.3
303.3
304.1
305.4
306.2
307.5
310.3
312.1
312.2
289.1
298.4
3018
3026
303 1
3035
305.2
306.6
307.3
308.8
309.7
- 310.7
311.7
313.0
314.5
315.3
273.3
288.4
286.8
283.5
298.3
295.1
286.8
302.3
298.5
287.5
303.2
299.3
287.8
303.9
299.7
288.1
304.0
300.0
289.8
304.8
301.6
291.4
305.9
302.9
291.9
306.8
303.6
293.2
308.6
305.1
294.0
310.0
306.0
294.9
311.0
306.9
295.6
312.0
307.9
296.7
313.2
309.2
298.1
315.2
310.7
298.7
316.1
311.4
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
Annual
IT ..
units
1982
November 1984
1984
1983
Sept.
1983
Oct.
Nov.
Feb.
Jan.
Dec.
Apr.
Mar.
May
June
Sept.
Aug.
July
Oct
COMMODITY PRICES—Continued
CONSUMER PRICES— Continued
(U.S. Department of Labor Indexes)— Continued
Not Seasonally Adjusted
All items (CPI-U)—Continued
Commodities <>
1967=100..
Nondurables
do
Nondurables less food
do....
Durables <>
do
Commodities less food <>
do....
Services Q
do
Food #
do
Food at home
.
do
Housing Q
do
Shelter #<>
do
Rent residential
do
Homeowners' cost *
Dec. 1982=100..
Fuel and utilities #
1967 = 100..
Fuel oil, coal, and bottled
gas
do
Gas (piped) and electricity
do
Household furnishings and operation Q
do
Apparel and upkeep
do
Transportation
do
Private
do
New cars
do
Used cars
do
Public...
do
Medical care . . . .
.
do
Seasonally Adjusted t
All items, percent change from
previous month Q
Commodities <>
1967 = 100 ..
Commodities less food 0
do....
Food
do
Food at home
.
do
Apparel and upkeep
do
Transportation
do
Private
do
New cars
do
Services ()
do
PRODUCER PRICES §
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
All commodities
1967 — 100
By stage of processing:
Crude materials for further
processing
do
Intermediate materials, supplies, etc
.
do
Finished goods #
do
Finished consumer goods
do....
Capital equipment
do
By durability of product:
Durable goods
do
Nondurable goods..
do
Total manufactures
do
Durable manufactures
do
Nondurable manufactures
do....
Farm products, processed foods and
feeds
do
Farm products
do
Foods and feeds, processed
do....
Industrial commodities
do
Chemicals and allied products
do...
Fuels and related prod., and
power
do
Furniture and household durables
do...
Hides, skins, and leather products
do...
Lumber and wood products
do
Machinery and equipment
do...
Metals and metal products
do...
Nonmetallic mineral products
do
Pulp, paper, and allied products
do....
Rubber and plastics products
do
Textile products and apparel
do
Transportation equip. #
Dec. 1968 = 100.
Motor vehicles and equip
1967 — 100 .
Seasonally Adjusted t
Finished goods, percent change from previous
month
By stage of processing:
Crude materials for further processing
1967 — 100
Intermediate materials, supplies, etc
do..
Finished goods #
do
Finished consumer goods
do
Foods
do
Finished goods exc foods
do
Durable
do
Nondurable
do
Capital equipment
do
PURCHASING POWER OF THE DOLLAR
As measured by:
Producer prices
1967—$! 00
Consumer prices <>
do..
See footnotes at end of tables.
350.8
271.5
279.0
266.3
253.0
259.0
344.9
291.7
282.2
323.1
344.8
236.9
102.5
370.3
274.5
281.8
270.6
256.4
262.9
349.0
292.6
282.5
326.4
348.5
239.5
103.5
376.4
275.0
281.7
270.2
258.7
263.6
350.2
292.9
282.3
326.8
349.8
240.4
103.9
374.4
275.2
281.1
269.5
261.0
264.1
351.0
292.5
281.4
327.0
351.1
241.3
104.3
371.3
275.5
281.2
268.5
261.8
263.8
351.6
293.9
283.0
327.4
351.8
242.0
104.5
370.6
276.8
283.2
267.4
261.4
263.0
353.9
299.4
290.2
329.2
353.2
242.9
104.9
376.0
278.3
285.3
269.1
260.9
263.8
355.3
302.1
293.6
331.0
354.0
243.6
105.1
383.0
278.7
285.5
269.3
262.2
264.4
356.5
302.2
293.1
321.5
355.5
244.8
105.6
380.1
280.1
286.3
270.7
265.2
266.5
358.1
302.3
292.8
333.2
357.8
246.4
106.2
380.9
280.4
286.1
271.1
267.0
267.4
359.9
301.4
290.7
334.6
358.9
247.2
106.5
385.5
280.6
286.0
270.5
267.8
267.4
361.9
302.0
291.4
336.2
360.2
248.4
106.8
390.0
280.6
286.0
269.5
267.8
266.8
364.5
303.2
292.5
338.1
362.7
249.7
107.6
393.9
281.4
287.1
270.0
267.8
267.1
366.5
304.8
294.4
339.5
364.6
251.1
108.1
395.5
282.3
288.0
272.3
268.7
268.8
368.9
304.2
293.4
341.4
366.5
252.4
108.7
397.0
283.1
288.8
273.6
269.3
269.8
369.7
304.4
293.4
341.2
367.8
253.8
109.1
392.4
667.9
393.8
628.0
428.7
623.2
440.5
624.7
435.6
623.9
428.2
623.9
427.5
642.8
427.3
688.6
429.0
660.0
429.5
650.7
432.3
649.2
441.4
646.0
450.6
637.4
459.1
625.5
463.9
622.1
466.4
626.8
456.0
233.2
191.8
291.5
287.5
197.6
296.4
346.0
328.7
238.5
196.5
298.4
293.9
202.6
329.7
362.6
357.3
238.9
200.4
303.7
299.2
202.7
343.9
366.6
361.2
239.4
200.7
305.0
300.4
204.3
350.4
368.2
362.9
239.9
200.7
306.3
301.7
206.2
356.1
370.3
364.9
240.5
199.3
306.3
301.8
207.0
357.6
369.0
366.2
240.4
196.4
306.0
300.9
207.2
357.3
378.2
369.5
240.4
196.2
305.8
300.8
207.2
357.2
377.4
373.2
241.2
198.8
306.9
301.9
207.2
362.2
377.4
374.5
242.3
199.2
309.6
304.8
207.4
370.0
378.0
375.7
242.4
198.9
312.2
307.4
207.6
378.0
380.7
376.8
242.3
197.4
313.1
308.1
207.7
382.0
385.2
378.0
241.9
196.6
312.9
307.5
208.1
383.2
389.3
380.3
242.2
200.1
312.9
307.5
208.1
383.8
390.8
381.9
244.1
204.2
313.7
308.4
208.2
384.2
389.5
383.1
244.3
205.7
315.5
310.2
209.6
384.6
391.1
385.5
.4
273.6
262.0
292.3
281.8
198.2
302.8
298.4
204.9
348.2
.4
274.5
262.8
293.5
282.8
198.2
304.4
300.0
205.5
349.5
.4
275.1
263.4
294.1
283.0
198.5
305.5
301.1
205.3
351.4
.2
275.8
263.7
295.4
284.4
198.5
306.1
301.7
205.7
352.4
.6
277.7
263.9
300.2
291.2
199.0
306.7
301.7
205.6
354.1
.4
278.6
264.3
302.2
293.7
198.5
306.6
301.7
206.4
355.6
.2
279.1
265.1
301.8
292.7
198.6
309.4
304.6
207.4
356.7
.5
280.1
266.7
301.7
292.2
198.5
311.2
306.6
207.6
358.6
.2
280.1
267.2
300.9
290.3
198.6
312.7
307.9
207.2
359.9
.2
279.9
266.6
301.3
290.5
198.1
312.1
307.0
207.3
361.5
.3
279.8
302.2
291.2
199.0
311.1
305.7
208.3
364.0
.5
280.6
266.3
304.1
293.4
200.8
311.2
305.7
209.4
366.2
.4
281.5
267.7
303.8
292.6
202.1
312.7
307.4
210.5
367.7
.4
282.6
268.9
304.9
293.8
203.2
314.9
309.6
210.9
368.7
263.8
273.6
261.6
241.1
250.9
333.3
285.7
279.2
314.7
337.0
224.0
26e:o
299.3
303.1
305.3
306.0
305.5
306.1
308.0
308.9
311.0
311.3
311.5
'311.3
312.0
310.9
309.5
309.4
319.5
323.6
328.5
324.8
324.0
327.5
333.5
332.6
338.8
339.4
338.0
'333.0
334.5
329.3
326.7
320.0
310.4
280.7
281.0
279.4
312.3
285.2
284.6
287.2
315.5
285.1
285.1
285.1
315.6
287.6
287.0
289.9
315.5
286.8
285.9
290.0
315.7
287.2
286.3
290.4
316.3
289.5
288.9
291.6
317.6
290.6
290.1
292.3
319.7
291.4
291.1
292.3
320.3
291.2
290.3
294.5
320.9
291.1
290.3
293.9
321.6
r
290.9
'290.1
'293.9
321.7
292.6
292.0
294.8
321.1
291.8
290.8
295.1
320.3
289.8
288.9
292.9
319.9
291.6
290.3
296.0
279.0
315.3
292.7
279.8
306.4
286.7
315.7
295.7
287.3
304.4
286.8
319.7
297.2
287.2
307.8
289.2
319.1
298.5
289.6
307.7
289.3
318.1
298.4
289.8
307.4
290.1
318.4
298.8
290.5
307.5
291.0
321.2
300.0
291.3
309.1
292.2
321.9
301.2
292.4
310.4
293.2
324.8
302.8
293.3
312.7
294.2
324.7
303.2
294.3
312.5
293.8
325.3
303.8
293.9
314.1
293.8
'324.9
'303.9
'294.0
'314.2
293.7
326.3
304.2
294.1
314.9
293.9
324.0
303.4
294.5
312.7
292.5
322.6
302.1
293.0
311.7
294.2
321.0
303.0
294.8
311.5
248.9
2424
251.5
312.3
292.3
253.9
248.2
255.9
315.7
293.0
259.1
2564
259.6
317.1
295.9
257.5
255.2
257.8
318.5
295.5
256.0
251.0
257.6
318.3
296.4
257.9
254.0
259.0
318.4
297.7
264.4
263.4
263.8
319.1
298.1
263 4
261.6
263.4
320.6
296.5
267.9
267.4
267.1
321.9
300.1
267 3
265.4
267.2
322.6
302.0
265.8
260.8
267.5
323.2
302.7
'262.8
257.1
264.8
'323.8
'302.2
265.2
258.6
267.7
324.0
302.6
261.6
253.2
265.2
323.5
301.4
259.6
249.7
264.0
322.3
301.4
255.8
240.1
263.3
323.2
301.0
693.2
206.9
262.6
284.7
278.8
301.6
320.2
288.7
241.4
204.6
249.7
251.3
664.7
214.0
271.1
307.1
286.4
307.2
325.2
298.1
243 2
205.1
256.7
256.8
672.3
215.4
274.4
305.6
287.9
310.7
327.2
299.9
243.2
206.2
250.4
249.1
669.5
215.3
273.7
305.6
287.6
310.9
328.0
302.2
244.4
207.0
260.6
260.6
663.7
215.7
277.0
304.9
288.0
310.9
328.9
303.6
243.6
207.7
260.5
260.5
658.0
215.7
277.3
308.7
288.8
311.9
328.9
304.0
243.8
207.8
260.7
260.6
652.1
216.8
279.1
3091
289.7
312.9
330.1
309.1
244.8
208.2
261.5
261.1
656.0
217.2
283.3
315.7
290.2
314.8
332.2
312.0
246.2
209.6
262.2
261.2
658.7
217.4
286.7
316.8
291.0
316.8
333.4
314.0
246.4
209.9
262.4
261.5
654.7
218.2
286.8
315.1
292.2
317.9
335.8
316.3
247.3
209.9
263.4
261.9
660.6
219.1
288.5
308.5
292.6
317.4
337.6
317.7
247.5
210.5
262.5
261.5
'665.9
'219.1
'290.1
307.1
293.1
'317.3
'338.3
'318.4
'247.6
'210.2
'262.2
'261.1
667.2
218.7
290.2
304.3
293.7
315.9 >
339.3
319.2
247.5
210.8
262.8
261.5
660.7
218.9
290.2
304.5
294.2
315.8
340.0
320.0
247.6
210.5
263.1
261.8
654.8
218.9
290.3
303.4
294.5
315.3
340.4
321.2
247.9
210.6
257.4
254.6
654.5
219.0
288.9
300.2
295.0
315.4
339.6
322.6
248.1
209.6
264.8
263.3
'.0
'4
_.l
o
6
328.8
315.3
286.6
286.1
262.1
293.4
234.4
337.9
288.5
.356
.346
.35
.33
.351
.33
.2
329.2
316.2
287.1
286.6
264.8
292.8
233.0
338.1
288.6
330.4
316.6
286.9
286.3
263.9
292.9
233.8
337.5
289.0
333.6
317.1
287.4
286.7
265.8
292.4
234.0
336.5
289.8
336.0
317.0
289.1
288.7
272.8
292.0
234.0
335.7
290.5
330.9
317.6
290.2
289.8
274.5
292.7
235.2
336.1
291.7
337 1
319.3
291.4
291.0
276.4
293.6
237.3
336.0
292.5
336.9
319.5
291.4
290.6
274.4
294.0
237.2
336.7
294.3
333.8
320.3
291.1
290.3
271.4
295.0
236.8
338.9
293.9
'330.9
321.6
'291.1
'290.2
270.3
'295.5
'237.1
'339.5
'294.2
331.3
321.0
292.2
291.3
274.1
295.2
237.3
338.8
295.2
327.2
320.5
291.9
290.7
273.7
294.5
238.1
336.9
296.2
327.0
320.1
291.4
290.0
272.5
294.0
237.7
336.2
296.3
324.0
320.5
290.9
289.9
272.7
293.8
235.5
337.7
294.6
.348
.330
.349
.330
.348
.329
.345
.328
.344
.326
.343
.325
.343
.324
.344
.323
'.344
.322
.342
.321
.343
.319
.345
.318
.343
.317
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-7
SURVEY OF CURRENT BUSINESS
November 1984
,, .f
Annual
1982
1984
1983
1983
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
22925
19338
10437
7 725
24 332
20362
11035
8 068
26962
22,348
12052
8965
28 204
22,951
12400
9413
Aug.
July
June
8*.
29 006
9853
Oct.
29253
23,244
12,196
9778
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE
New construction (unadjusted) total
roil
$ 230 068
Private, total #
do
179 090
Residential
do
74810
New housing units
'
do
51 916
Nonresidential buildings, except farm and
public utilities, total #
. mil $
65134
Industrial
do
17 343
Commercial
do
37284
Public utilities:
Telephone and telegraph
do
7 110
Public, total #
do
50978
Buildings (excl. military) #
do.... 16,997
Housing and redevelopment
do....
1,658
Industrial
do
1632
Military facilities ...
do
2205
Highways and streets
do
13428
New construction (seasonally adjusted at
annual rates) total
bil $
Private, total #
do
Residential .
'
do
New housing units
do
Nonresidential buildings, except farm and
public utilities, total #
bil $
Industrial
do
Commercial
do
Public utilities:
Telephone and telegraph
do
Public, total #
do
Buildings (excl. military) # ...
do
Housing and redevelopment ...
... do
Industrial
do
Military facilities
do
Highways and streets
do
CONSTRUCTION CONTRACTS
Construction contracts in 50 States (F.W. Dodge
Division, McGraw-Hill):
Valuation total
/
mil $
156J 240
Index (mo data seas adj )
1977 — 100
112
Public ownership
.
mil $
41256
v
Private ownership
.
do
114 984
By type of building:
Nonresidential
do
59594
Residential
do
59210
Non-building construction
do.... 37,436
New construction planning
(Engineering News-Record) §...
do.... 149,206
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total (private and public)
thous
10720
Privately owned
do
10622
One-family structures
do....
662.6
Seasonally adjusted at annual rates: t
f j/r Total privately owned
do
//
One-family structures
do
New private housing units authorized by building
permits (16,000 permit-issuing places): $
Monthly data are seas. adj. at annual rates:
Total
thous
1000
One-family structures
do.. .
546
Manufacturers' shipments of mobile homes @
Unadjusted
thous
239 6
Seasonally adjusted at annual
rates
do
CONSTRUCTION COST INDEXES
Dept of Commerce composite
1977—100
154 1
American Appraisal Co., The:
Average, 30 cities
1913—100.
Atlanta
„
do
New York
do
San Francisco
.
do
St. Louis
do
Boeckh indexes:
Average, 20 cities:
Apartments, hotels,
office
buildings
1977 — 100
1500
Commercial and factory buildings
do
151 9
Residences
.
do
1475
Engineering News-Record:
Building
1967 — 100
3306
Construction
do
3561
Federal Highway Adm. — Highway construction:
Composite (avg for year or qtr )
1977 — 100
1468
See footnotes at end of tables.
262 168
211 370
111 729
86 102
26 364
20871
11 850
8 835
24 521
19806
10873
8 690
23 683
19229
10 114
8457
21 126
17489
8 527
7 335
19 419
16277
8435
6735
20 237
17068
8860
6 696
r
r
r
22,610
r
!2 308
r
r
23,057
r
12,341
r
28 107
9668
60309
12861
35793
5517
1 123
3 319
5387
946
3342
5440
997
3374
5093
1 030
3095
4957
961
3010
5130
1 010
3 141
5661
1 132
3476
5947
1 077
3804
6554
1224
4 179
6,664
1267
4 263
6,494
1 181
4240
r
6,794
1321
r
4406
7,208
1,387
4,704
6471
50798
17,276
1,700
1809
2544
14225
590
5492
1,598
151
200
255
1841
593
4715
1,455
153
143
194
1671
611
4454
1,417
138
146
270
1299
671
3637
1,322
136
136
235
804
391
3,142
1.255
109
121
196
578
464
3,169
1,236
121
136
178
602
531
3587
1,312
128
138
253
718
530
3,970
1,346
111
155
219
994
593
4,614
1,476
134
155
227
1,429
637
5,253
1,640
153
176
217
1,745
616
5,497
1,571
132
154
218
2,018
r
695
5,949
1,676
162
166
r
228
r
2,174
6,008
1,700
159
189
266
2,106
2817
2296
1286
938
2679
2192
1186
942
2670
2174
1135
949
2639
2133
1097
950
2809
2300
1219
969
3004
2481
1374
1023
3097
2550
141 1
1024
3086
2541
1366
1027
3164
261 2
1384
1064
3153
2578
1364
1050
3110
2548
1353
1050
r
3119
255.3
134.0
105.2
315.3
257.8
132.8
104.7
619
126
372
600
104
374
618
11 6
381
614
122
374
667
129
41 1
690
140
421
728
144
453
743
136
474
787
152
497
763
14 1
48.9
r
65
521
172
18
19
26
151
66
488
168
18
19
26
144
68
496
162
1.6
19
31
14 1
81
506
164
1.6
17
29
147
59
509
171
1.4
15
26
142
64
523
170
1.6
18
25
150
63
548
170
1.5
16
29
162
68
545
17 1
1.4
18
28
168
68
552
177
1.7
18
26
16.9
72
575
190
1.8
20
27
168
192 751
'138
45308
147 442
17379
'l43
4286
13093
16227
139
3806
12421
15365
145
3307
12058
13422
134
3 138
10284
13 751
150
2700
11051
14155
150
3790
10365
17577
'l44
3860
13716
17425
145
3716
13710
22326
165
5608
16719
61905
93201
37,645
5405
8698
3,276
5795
8221
2,210
5511
7575
2,280
4741
6482
2200
5300
6600
1,851
4249
6800
3106
5849
8806
2,921
5405
9330
2,690
162,576
12,902
12744
16795
24714
12685
17259
16,851
17124
17030
1,067.6
1568
1549
97.2
1599
1593
91.9
1364
1360
81.9
1085
1083
61.0
1092
109 1
67.7
1304
1300
81.0
1679
1038
1672
1017
1730
1074
1694
1021
1980
1301
1605
902
1540
864
1650
905
1649
919
1602
913
295 6
28 1
268
23 5
305
308
313
157 1
158 9
1596
1599
1562
1632
1625
1585
3529
3786
3597
3856
146 5
1468
158 4
157 6
3583
3848
r
r
767
15.0
r
49.7
80.9
15.6
52.6
r
73
562
17.7
1.6
18
24
17.2
7.5
56.6
18.1
1.8
20
26
17.2
57.5
18.2
1.8
18
2.7
17.7
20005
148
4828
15177
19523
152
4784
14,738
19580
151
4,483
15,097
16,755
144
4,122
12,633
7212
10,799
4,315
6746
9,859
3,400
6896
9,093
3,534
6,766
9,364
3,449
5,750
8,090
2,914
13,619
14,955
12,211
13,515
15,079
12,739
16,168
1381
1375
87.8
1730
1727
106.4
1821
180.7
115.2
1844
184.0
111.0
1631
162.1
97.9
147.8
147.4
'91.9
149.4
148.4
r
90.7
150.1
87.9
2262
1463
1 662
1071
2015
1 196
1794
1,131
1,877
1,084
1,754
990
1,554
932
1,679
1,020
1,515
925
1799
989
1902
1083
1727
974
1758
957
1745
913
1768
916
1,565
823
1,506
803
1,440
r
841
1,408
780
187
200
22 2
25 5
258
28 9
27 7
245
300
243
310
314
293
287
287
295
301
301
303
277
1631
163.7
1583
1633
162 6
1588
3576
3842
r
r
159 3
159 6
1497
3555
3825
163 4
3562
3829
357 1
3834
1493
1636
1627
3585
3847
3581
3856
1629
r
3578
3873
1521
3579
3879
1
168.1
1675
167.5
1678
1673
166.4
1664
1661
1633
1651
164 6
1628
1649
164 1
1627
356 1
3826
1608
747
136
48.3
r
359.3
388.1
359.7
388.7
1544
2
358.7
2
387.4
S-8
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
.. ..
uniis
1983
Annual
1982
November 1984
1984
1983
Sept.
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Oct.
Sept.
CONSTRUCTION AND REAL ESTATE—Continued
REAL ESTATE 0
Mortgage applications for new home construction:
2
FHA net applications
thous. units..
7.8
8.0
8.2
14.5
110.8
11.1
11.4
12.9
10.3
11.2
9.7
9.6
11.9
176.1
(2)
84
Seasonally adjusted annual rates. .
do
94
94
116
128
139
146
168
134
139
148
136
152
Requests for VA appraisals
do
126
148
195
173
21 4
2628
1550
178
243
21 2
179
165
150
164
Seasonally adjusted annual rates
do
143
167
214
205
255
193
263
260
204
201
251
Home mortgages insured or guaranteed by:
Fed. Hous. Adm.: Face amount
mil $ 8 087 07 26 571 82 3 933 79 2 190 42 2 674 40 1 580 28 1 169 61 1 516 84 2 431 43 1 184 70 1 229 58 1 401 64 1 11660 1,220 14
Vet. Adm.: Face amount §.. .
do
5 428 27 17 896 60 2 091 70 1 934 18 1 598 29 1 447 58 1 543 78 1 449 02 1 201 61 1 113 53 1 080 92 1 059 60 1 131 31 997.60
Federal Home Loan Banks, outstanding advances
to member institutions, end of
70523
66900
period
mil $
65859
61 627
59424
58560
57862
66004
57608
57 171
58953
57712
58953
57397
New mortgage loans of all savings and loan
14666 14,325
associations, estimated total
mil $
17 529
13637
54298 135 290
15853
13660
13593
10367
10249
14483
11 175
11070
By purpose of loan:
r
Home construction
..
do
2333
2 126
26096
2728
2752
2326
2368
1904
2760
2 162
2155
2437
11765
1788
r
Home purchase
do
6,738
6863
3702
21779
7565
6915
5533
5004
3953
5229
4516
4810
5648
53982
r
5,254
5,677
All other purposes
do....
6,221
4,497
5,552
20,754
7,236
6,186
5,801
4,761
6,494
4,105
55,212
4,508
7.4
92
13.8
188
9.7
115
99756
775.49
824.38
861.28
73,005
73,201
11,037
1,845
4,698
4,494
DOMESTIC TRADE
ADVERTISING
Magazine advertising (Publishers Advertising
Report, Inc.):
Cost total
mil $
34289 3939 1
3476
Apparel and accessories
do
1557
2062
326
Automotive, incl. accessories
do
3335
196
4045
52 3
Building materials
do
80
522
Drugs and toiletries
do
3836
37 1
3306
Foods, soft drinks, confection292 3
ery
do
227
263 8
Beer wine liquors
do
173
2576
242 6
Houshold equip., supplies, furnishings
do
1757
18.2
1474
Industrial materials
do
45
509
437
Soaps, cleansers, etc
do
21
266
253
Smoking materials
do
280
3586
397 8
All other
do
14520 1 714 9
1574
Newspaper advertising expenditures (Newspaper
Advertising Bureau, Inc.):
Total *
mil $
20582
1 690
17694
Classified
do
6006
4852
515
National
do
2452
2734
220
Retail
do
10390
956
11 841
WHOLESALE TRADE t
Merchant wholesalers sales (unadj.),
total
mil $ 1 137 1751 183 790 102 862
44754
Durable goods establishments
do
467 107 504 810
Nondurable goods establishments
do
670 068 678 980
58108
Merchant wholesalers inventories, book value,
end of period (unadj ) total
mil $
116765 119 421 114 993
Durable goods establishments .
do
75432
75633
74769
Nondurable goods establishments
do....
41,132
43,989
40,224
RETAIL TRADE t
All retail stores:
Estimated sales (unadj.), total
mil $ 1 074 5611 173 966 97926
Durable goods stores #
do
324 489 385 141
32769
Building materials, hardware, garden
supply, and mobile home dealers mil. $.. 51,301
59,873
5,446
Automotive dealers
do
182 607 221 687
18659
Furniture, home furnishings,
and equipment
....
do
46 106
4342
51 774
Nondurable goods stores
do.... 750,072 788,825
65,157
General merch. group stores ..
do
132 581 142 997
11 199
Food stores
do
249 257 259 441
21 878
Gasoline service stations
do.... 103,547 103,121
8,839
Apparel and accessory stores.
do
51 387
54 005
4312
Eating and drinking places
do
104 715 115710
9941
Drug and proprietary stores
do....
35,967
38,766
3,134
Liquor stores
do
19 394
19 690
1 611
Estimated sales (seas, adj.), total ...
do
99 537
Durable goods stores #
do
32905
Bldg. materials, hardware, garden supply, and mobile home dealers #
mil. $..
5042
Building materials and
supply stores
do
3638
Hardware stores
do
809
Automotive dealers
do
18857
Motor vehicle and miscellaneous
auto dealers
do.
17034
Auto and home supply
stores
do
1823
Furniture, home furnishings,
and equipment #
do
4413
Furniture, home furnishings stores
.
do
2638
Household
appliance,
radio TV
do
1 444
See footnotes at end of tables.
4489
242
477
44
385
4470
220
465
43
373
3682
169
40 1
21
294
2652
74
330
33
277
325 1
174
349
26
34 1
3742
26 1
41 1
51
357
4251
266
495
88
406
4195
170
447
11 5
449
3605
104
418
50
416
3338
79
37.0
62
330
3031
247
23.9
30
369
404.5
35.6
21.4
83
45.8
346
256
385
300
262
372
184
86
237
136
262
164
260
205
263
190
29 1
200
274
174
203
126
268
148
220
57
36
333
2094
24.9
60
28
319
2028
163
43
17
31 2
163 1
78
25
21
320
1224
80
34
17
253
1604
139
32
36
337
1673
217
51
29
37 6
1859
226
41
26
37 5
1932
164
38
18
336
1581
119
30
25
383
1490
9.5
27
26
33.2
1329
14.8
49
4.4
33.0
1937
2074
625
282
1 166
2016
516
273
1 227
1872
440
206
1 226
1 628
543
233
852
1723
562
237
924
1863
619
240
1 003
2102
681
272
1 150
2051
660
274
1 116
1908
669
246
993
106 051
46 300
59751
105 762
45 620
60 142
107 361
45 621
61 740
103 878
43 165
60713
103 183
44 848
58335
115 399
50 634
64765
108 662
48774
59888
120 765
53133
67632
115 692
52943
62?749
110,345 rl!5,117
r
49908 r53 034
60437 62 083
106,958
49 192
57766
117 778
74582
43,196
118 566
74417
44,149
119 421
75 432
43,989
119 818
75 185
44,633
121 319
76*295
45,024
122 637
78266
44,371
124?008
78 752
45,256
123 235
79*369
43,866
122 912
80652
42,260
123 786 124 642
81272 r82 217
42,514 r42,425
126 801
83273
43,528
100 658
33593
103 865
34002
125 759
38 188
93089
31 170
93686
32931
104 294
36667
104 344
37277
111312
40765
111 980
41202
106 553 110,650 103,578
38,497 r39,046 r35,331
5,557
19219
5,103
19036
4,863
18910
4,141
18792
4,329
20607
5,070
22801
5,735
22853
6,704
24698
6,695
24812
4428
67,065
12063
21 780
8336
4 617
10113
3,168
1 603
100 923
33882
4 899
69,863
14 755
21 501
8,569
5 169
9494
3,251
1 689
101 896
34641
5102
5 188
3681
805
19620
3751
826
20286
6207
87,571
23 492
24 304
8,917
7 910
9724
4,428
2 470
102 438
35532
5293
3826
843
21 164
4 279
61,919
8 853
21 110
8',340
3 765
9210
3,249
1 481
106 602
37 127
5494
4042
874
22033
4407
4 129
4 594
60,755
67,627
67,067
9 150
11 174
11766
21 936
20*845
22 985
7,948
8,615
8,579
3 630
4 857
4 413
9232
10207
10248
3,412
3,383
3,231
1 529
1 495
1 404
105 482 103 873 107 505
37436
35306
36909
4663
70,547
12848
23 375
9,121
4 846
10677
3,500
1 616
108 237
37912
4926
70,778
12805
23767
9,173
4 811
10962
3,454
1 721
109 322
38,687
5523
5,796
5,823
5630
4215
830
21 983
4098
814
20505
5702
4205
839
22071
4,280
836
22419
4227
872
22976
6,391
22993
'6,428
22,825
r
r
5,990
19,957
;
108,167
38,032
1
1
r
r
' 6,206
2 1,974
7
4,868
5,004
5,042
4701
1
68,056 r71,604 r68,247 1 70, 135
12,790 12,213 1 12,992
11243
22 795
23376 r23 789 r22 784
r
r
' 8,687
9,091
8,601
9,106
r
r
4970
4801 1 M931
4296
10,703
11 159 11,605 10,660
1
r
r
3,318
3,510
3,366
3,499
1 602
1 734 1739
1
107 442 106 606 107 871 107 717
37,452 r36,781 r36,666 1 37,630
5,808
r
4227
861
22016
r
5,793
r
1
5,660
4,191
r
892
r
21 179
4,165
858
r
21 090
17,780
18,388
19,201
20041
20060
18650
20 166
21011
20081
19,296
19,196
1,840
1,898
1 963
1992
1923
1855
1905
1 918
1965
1935
1883
4510
4629
4791
4644
4660
4873
4806
4951
4822
r
4886
1
21 827
1
19,903
1894
4476
5,673
20501
r
5034
2715
2684
2737
2829
2707
2723
2902
2854
2918
2857
r
2877
2833
1444
1 500
1 557
1 622
1 592
1 593
1 610
1 589
1 665
1 609
1674
1768
1
4 989
S-9
SURVEY OF CURRENT BUSINESS
November 1984
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
Annual
.
units
1984
1983
IT
1982
1983
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
DOMESTIC TRADE—Continued
RETAIL TRADE t— Continued
All retail stores — Continued
Estimated sales (seas, adj.) — Continued
Nondurable goods stores
mil $
General merch. group stores
do....
Department stores ..
do
Variety stores
do
Food stores....
do
Grocery stores
do
Gasoline service stations
do
Apparel and accessory stores #
do....
Men's and boys' clothing
do
Women's clothing, specialty stores,
and furriers
do
Shoe stores
do
Eating and drinking places
do
Drug and proprietary stores
do
Liquor stores
do
Estimated inventories, end of period:
Y)
hi
H
t
it
Food stores
Apparel and
stores
D
N
1 895
793
9,983
3311
1682
1 888
788
9,714
3258
1,699
69475
12,835
10546
836
22468
21 189
8751
4704
698
68,573
12,786
10489
830
22266
20958
8,667
4,747
678
68,567
12,374
10152
792
22444
21,086
8,835
4,794
702
70,069
12,838
10,546
801
22,908
21,497
8,863
4,988
748
70,325
12,988
10,661
808
22,839
21,445
9,022
5,032
764
70,635
13,320
10,955
836
22,984
21,614
8,736
5,117
730
69,990
12,784
10,519
797
23,177
21,835
8,526
4,891
688
'69,825
12,906
10,609
r
786
'22,817
'21,452
'8,568
'4,771
'674
'71,205
13,365
10,991
831
'23,461
'22,046
'8,601
'5,005
705
1 901
814
10,268
3434
1,689
1955
807
10,281
3405
1,583
1 950
809
10,156
3400
1608
2026
795
10,289
3,525
1,637
2042
808
10,217
3,490
1,631
2,127
832
10,351
3,507
1,694
1,997
801
10,488
3,521
1,722
1,910
'804
10,676
'3,531
1,697
2,051
804
10,575
'3,607
1,674
144 413 143 798
67782 '66 094
143 866
63*968
132 302
62820
132 916
63218
138 310
65990
142 913
67 432
145 689
69 110
145 850
69077
9 470
25458
10327
29 643
10394
25781
10288
27 130
10 279
28 810
10 327
29643
10 433
30200
10 923
31969
11 250
32 552
11 701
33343
11 673
33058
11 404
31939
r
11 163
30 441
do
do p
9297
65987
10 132
69482
10249
74591
10442
7S42&
10713
79898
10 132
69482
10017
69698
10230
72320
10288
75481
10,549
76,579
10704
76773
11,072
76,631
10,936
'77,704
22 561
16 747
14 350
24 467
18 290
14501
28 636
21 176
14333
30664
22*752
14770
31552
23 685
15079
24467
18 290
14501
24609
18 437
14293
26498
19 880
14 275
28 450
21 537
14540
29493
22 374
14,604
29722
22653
14,630
29477
22324
14,865
r
30 230
22882
14,575
10715
135 843
63*447
11 931
132 142
60 627
12 562
132 777
61*048
12525
134 622
62*441
10715
135 843
63 447
10744
137 977
63 749
11 384
142 731
66*513
12154
143 910
66 946
12,321
146 883
69010
12,191
146 951
68*277
12,024 12,497
145 359 145120
66896 r66 141
12,878
146 173
66,467
9 824
25 181
10 713
29*350
10 542
27 166
10 424
27*979
10 425
28 810
10713
29 350
10 800
29 695
10 956
31 842
10933
31 976
11 327
33276
11 311
32220
11 169
30889
r
11 174
30 110
11 166
30,567
H
t\
do
9 448
68 636
24 906
18 403
14 180
10 286
72396
27*060
20 143
14329
10098
71 515
26 659
19 846
14 449
10031
71 729
26 641
19767
14396
10 281
72 181
27237
20244
14416
10 286
72396
27060
20 143
14329
10 337
74 228
27605
20*623
14466
10 449
76 218
29 015
21 798
14 404
10 381
76 964
29 405
22 226
14482
10 656
77873
29993
22 623
14633
10769
78674
30425
23 092
14763
11 072
78463
30220
22943
14955
11 069
'78 979
r
30 658
23397
14,857
10952
79706
31,328
23910
14,953
do
11 029
11 208
11 140
11 307
11 233
11208
11716
12098
12389
12611
12673
12 525
12 752
12,552
mil $
do
389 715
28 212
415 631
32 795
34 006
2721
35 122
2 808
38 368
3 079
51 970
4 467
30 668
2317
30 871
2 366
35 399
2775
35196
2885
37582
3249
37426
3250
r
35 132
r
3119
37,699
3,182
4059
361 503
4 416
382 836
379
31 285
395
32 314
396
35 289
414
47 503
316
28 351
311
28 505
368
32 624
381
32 311
421
34333
427
34 176
r
'410
32 013
416
34,517
119 467
135 499
133*587
20 143
22 138
129 045
141 353
139 424
22 237
24 354
10 083
11 883
11*738
1 802
2 083
10 857
11 746
11 595
1 890
2 147
13366
11 803
11 648
2 193
2 053
21353
13*571
13*276
3 560
2099
7952
11 584
11 439
1 429
1 971
8253
11 486
11 331
1 440
2 030
10 124
12*685
12*532
1 866
2 263
10617
11 833
11662
2081
2221
11645
12602
12449
2023
2292
11,601
12684
12533
2036
2305
10,117
12 341
12,192
1776
r
2368
11,573
12,682
12,530
2,177
2,427
19 410
21 582
1 733
35032
376
9347
605
11 738
1 854
1 747
35319
378
9 467
609
11 772
1 880
1 844
35648
382
9589
*622
11 874
1 935
2717
35456
385
9628
614
11 544
1 996
1 781
37047
381
10099
650
12 143
2 050
1 785
36803
386
10061
651
12093
2 035
1 883
36233
378
9705
612
11 992
2051
1921
37,183
376
10095
624
12289
2056
2001
37,528
398
10,223
640
12301
2106
1973
37,571
396
10,498
648
12 121
2,170
1916
37,131
r
387
10,072
'609
12 353
r
2,064
2,020
37,083
392
10,152
613
12,118
2,014
912
400
921
421
964
435
887
423
858
422
furn.,
d
d bl
d t
#
General merchandise group
stores
Food stores
Grocery stores
Eating places
Drug stores and proprietary
stores
Estimated sales(sea adj ), total #
Auto and home supply stores
Department stores
Variety stores
Grocery stores
Apparel and accessory stores
Women's clothing, specialty stores,
and furriers
Shoe stores
Drug stores and proprietary
stores
10,587
1
3,607
31,774
24030
14,564
10 555
125 384
56748
21, 668
;
8,508
' 4,892
10,985
80,047
do
1
23,090
1
11 144
28,947
do
b l d t
#
p 1
h
t
DPD tmp t «rfo
Food stores '
Apparel
and accessory
stores
Firms with 11 or more stores:
Estimated sales (unadjusted),
total
Durable goods stores
Auto and home supply
'70,087
13,106
1
10,866
144 877
64,830
140 005
61 577
do
home
66,906
12,330
10042
786
21754
20410
8,759
4,665
685
134 195
59*604
accessory
P
N
1831
788
9,924
3297
1661
67,255
12,317
10026
804
21 978
20642
8,673
4,676
696
132 302
62 820
hi
oH ' t
#
r\
Bldg. materials, hardware, garden sup. j.^' ,. j *
,
Furniture,
1 734
783
9,833
3306
1675
67041
12,112
9893
778
21992
20669
8,731
4,570
679
122 163
56 176
H
Bldg. materials, hardware, garden sup. ^y' .. j *
,
Furniture, home furnishings,
and equipment
Nondurable goods stores $•
General
merch.
group
stores
66632
12,001
9784
781
21943
20611
8760
4451
659
do
do
do
do
do
do
do
do
do
do
do
do
do
783
403
do...
1,863
805
412
1,866
837
414
895
413
1,893
1,813
907
436
1,930
896
428
1,938
902
419
1,910
r
r
1,989
1,997
( 2,026
2,004
2,063
LABOR FORCE, EMPLOYMENT, AND EARNINGS
LABOR FORCE AND POPULATION
Not Seasonally Adjusted
Total noninstitutional population, persons 16
thous..
v years of age and over *
Labor force total @
do
Resident armed forces *
do....
Civilian noninstitutional population *
do....
Civilian labor force, total
. do
Employed
do ....
Unemployed
do
Seasonally Adjusted 0
Civilian labor force, total
do
Participation rate t
percent..
Employed total
thous
Employment-population ratio t percent ..
Agriculture
thous.
Nonagriculture
...do....
Unemployed, total
do....
Long term, 15 weeks and
over
do...,
See footnotes at end of tables.
4 5 8 - 6 8 9 O - 84 -
S2 : QL 3
173,939
111 872
1,668
172,271
110,204
99,526
10678
175,891
113 226
1,676
174,215
111,550
100,834
10717
64.0
64.0
57.8
3,401
96,125
57.9
3,383
97,450
3,485
4,210
176,297 176,474
113 892 113737
1,695;
1,695
174,602 174,779
112 197 112042
102,366 102,659
9830
9383
176,636
113 832
1,685
174,951
112,147
103,018
9,129
176,809
113 483
1,688
175,121
111,795
102,803
8992
177,219
112711
1,686
175,533
111,025
101,270
9,755
177,363
113 052
1,684
175,679
111,368
101,961
9407
177,510
113514
1,686
175,824
111,828
102,770
9,057
177,662
113,845
1,693
175,969
112,152
103,628
8,525
177,813
114,941
1,690
176,123
113,251
105,096
8,154
177,974
117,083
1,690
176,284
115,393
106,812
8,582
178,138
117,896
1,698
176,440
116,198
107,484
8,714
178,295
116,788
1,712
176,583
115,076
106,694
8,382
178,483
115,563
1,720
176,763
113,843
105,792
8,051
178,661
115,955
1,705
176,956
114,250
106,262
7,889
112,229
64.3
101 876
58.3
3,308
98,568
10,353
111,866
64.0
101 970
58.3
3,240
98,730
9,896
112,035
64.0
102,606
58.6
3,257
99,349
9,429
112,136
64.0
102 941
58.8
3,356
99,585
9,195
112,215
63.9
103,190
58.8
3,271
99,918
9,026
112,693
64.1
103 892
59.1
3,395
100,496
8,801
112,912
64.2
104,140
59.2
3,281
100,859
8,772
113,245
64.4
104,402
59.3
3,393
101,009
8,843
113,803
64.6
105,288
59.8
3,389
101,899
8,514
113,877
64.6
105,748
60.0
3,403
102,344
8,130
113,938
64.6
105,395
59.7
3,345
102,050
8,543
113,494
64.3
104,969
59.4
3,224
101,744
8,526
113,699
64.3
105,239
59.5
3,315
101,923
8,460
114,017
64.4
105,586
59.7
3,114
102,472
8,431
3,889
3,655
3,527
3,369
2,984
2,873
2,855
2,851
2,619
2,689
2,606
2,600
2,530
3,201
S-10
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
IT
Annual
.
1982
November 1984
1984
1983
»*.
1983
Oct.
Nov.
Jan.
Dec.
Apr.
Mar.
Feb.
Sept.
Aug.
July
June
May
Oct.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
LABOR FORCE— Continued
Seasonally Adjusted 0
Civilian labor force— Continued
Unemployed —Continued
Rates(unemployed in each group as percent
of civilian labor force in the group):§
All civilian workers
Men 20 years and over
Women, 20 years and over
Both sexes, 16-19 years
White
Black *
Hispanic origin *
Married men, spouse present
Married women, spouse present
Women who maintain families
Industry of last job:
Private nonagricultural wage and
salary workers
Construction
Manufacturing
Durable goods
Agricultural wage and salary
workers *
Not Seasonally Adjusted
Occupation: *
Managerial and professional specialty
Technical, sales, and administrative
support
Service occupations
Precision production, craft, and repair....
Operators, fabricators, and laborers
Farming, forestry, and fishing
EMPLOYMENT t
Employees on payrolls of nonagricultural estab.:
Total, not adjusted for seas, variation
thous..
Private sector (excl government)
do
Seasonally Adjusted t
Total employees, nonagricultural
payrolls
.
do
Private sector (excl . government)
do . . . .
Nonmanufacturing industries
do . . . .
Goods-producing
do
Mining
do
Construction
do
Manufacturing .
do
Durable goods.. . .
do
Lumber and wood products
do....
Furniture and fixtures
do....
Stone, clay and glass products
do....
Primary metal industries
do....
Fabricated metal products
do
Machinery, except electrical
do ....
Electric and electronic
equip
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
do
Transportation and public utilities
do...
Wholesale trade
do
Retail trade ...
do
Finance, insurance, and real
estate
do
Services
do
Government
do
Federal
do
State *
do
Local *
do
Production or nonsupervisory workers on private
nonagric. payrolls, not seas, adjusted
...thous.
Manufacturing
do
Seasonally Adjusted t
Production or nonsupervisory workers on private
nonagricultural payrolls
thous
Goods-producing
do
Mining
do .
Construction
do
Manufacturing
.
do
Durable goods
do...
Lumber and wood products
do...
Furniture and fixtures
do
Stone, clay, and glass
products
do
Primary metal industries
do..
Fabricated metal products
do..
Machinery, except electrical
do . .
Electric and
electronic
equip
do
Transportation equipment
do..
Instruments and related
products
..
do
Miscellaneous manufacturing
. ...do..
See footnotes at end of tables.
97
~88
83
232
86
189
138
65
74
117
96
89
81
224
84
19 5
138
65
70
122
92
86
78
218
80
189
131
61
68
120
88
82
75
216
77
18 3
12 4
57
63
114
84
78
72
202
73
17 7
123
55
60
105
82
74
71
201
71
178
116
52
61
109
80
73
71
194
69
167
112
50
60
107
78
70
69
193
67
162
102
49
59
11 0
7.8
68
69
199
67
166
113
47
58
110
78
69
70
194
67
168
11 5
47
58
105
75
65
68
190
64
15 8
105
45
58
98
7.1
63
64
176
61
150
100
45
56
9.6
7.5
65
69
183
64
169
106
46
59
9.6
7.5
64
7.1
18.4
6.4
160
107
44
60
10.5
7.4
6.5
6.7
19.3
6.4
151
10.7
4.6
5.8
10.0
7.4
6.3
6.9
18.8
6.4
15.4
10.9
4.6
5.8
10.5
101
200
123
133
99
184
112
121
9.4
181
102
109
90
158
96
102
8.6
156
89
90
83
163
83
83
79
150
84
80
78
151
75
73
76
133
75
78
77
143
77
75
72
148
71
70
7.0
148
72
72
7.4
147
75
67
7.5
140
75
69
7.4
138
7.6
7.0
7.3
13.5
7.4
7.0
147
160
165
162
157
15 6
15 5
14 0
146
12 2
139
118
146
128
15.0
13.8
3.3
3.3
3.2
2.7
2.7
2.6
3.0
2.7
2.4
2.2
2.5
2.4
3.0
3.1
2.8
2.5
61
108
10.6
16.7
85
63
109
10.7
15.5
100
59
10.8
8.9
13.2
82
59
11 1
8.2
12.6
92
55
99
7.9
12.7
10.8
52
9.6
8.4
13.0
12.0
57
9.9
10.0
13.9
13.6
5.6
9.5
10.0
13.7
11.5
5.2
9.6
9.1
12.8
11.2
50
9.2
8.1
11.9
8.6
4.7
8.7
7.4
10.9
6.8
4.9
8.4
7.0
10.5
5.9
4.8
9.2
6.7
10.8
6.0
5.0
9.3
6.0
10.5
5.8
5.0
8.9
6.2
10.2
7.4
4.8
9.1
5.9
10.6
7.9
89,566
73729
90,138
74287
91,485
75901
92,049
76081
92,406
76294
92,645
76560
91,065
75209
91,612
75477
92,234
76030
93,229
77013
94,164
77913
95,003
78973
94,239
79033
r
94,500
r
r
95,306
r
"95,940
"79,740
89566
73,729
54,948
23813
1 128
3905
18781
11039
597
432
577
922
1427
2,244
90138
74,287
55,790
23394
957
3940
18497
10774
657
447
572
838
1373
2,038
91018
75,083
56,385
23669
952
4019
18698
10*923
680
456
581
849
1389
2,058
91345
75,481
56,595
23895
965
4 044
18 886
11 071
690
462
587
863
1408
2,077
91 688
75,814
56,796
24058
967
4 073
19 018
11 170
695
467
589
869
1420
2,106
92026
76,157
57,014
24 198
969
4086
19 143
11 266
698
470
592
877
1431
2,122
92391
76,533
57,279
24383
975
4 154
19 254
11 343
702
475
595
871
1440
2,137
92846
76,971
57,598
24577
978
4226
19 373
11 440
706
480
604
877
1447
2,151
93058
77,185
57,719
24595
978
4 151
19466
ll'513
712
483
606
877
1456
2,166
93 449
77546
58,016
24760
'984
4 246
19 530
11 551
714
482
604
879
1459
2,189
93786
77,864
58,294
24851
995
4286
19570
11 598
711
482
605
887
1,469
2,203
94135
78,241
58,612
24974
1002
4343
19629
11652
712
485
605
884
1,479
2,226
94350
78,422
58,726
25059
1007
4356
19696
11702
708
485
606
880
1,490
2,242
r
r
"95,195
"79,108
"59,441
"25,071
"1016
"4,388
"19,667
"11,748
"711
"486
"607
"869
"1,494
"2,256
2008
1,734
2023
1,756
2 062
1,780
2086
1,820
2 109
1,832
2 132
1,855
2 152
1,876
2175
1,898
2202
1,905
2212
1,905
2228
1,906
2237
1,917
2252
1,926
715
382
7741
1,636
68
749
695
371
7724
1622
68
743
698
370
7775
1624
68
753
702
376
7815
1624
68
758
705
378
7848
1629
66
760
707
382
7877
1631
67
762
711
384
7911
1638
66
768
715
387
7933
1637
65
767
718
388
7953
1638
66
769
719
388
7979
1 648
67
766
722
385
7972
1 643
67
762
723
384
7977
1,644
67
759
727
386
7,994
1,655
66
755
1 161
662
1,272
1,075
200
1 164
661
1,295
1046
195
1 174
666
1,305
1047
194
1 186
669
1,311
1049
192
1 195
671
1,317
1 050
192
1 202
675
1,321
1052
191
1 207
676
1,328
1 053
191
1 213
680
1,333
1054
190
1218
680
1,339
1054
190
1 226
680
1,348
1057
189
1 217
681
1,356
1057
188
1 209
685
1,362
1,062
188
1206
687
1,368
1,064
187
697
219
65753
5,082
5278
15179
718
208
66744
4,958
5259
15 545
735
209
67349
5,046
5301
15671
748
210
67 450
5053
5322
15737
758
210
67630
5043
5344
15 805
766
210
67828
5055
5371
15 857
774
210
68008
5095
5406
15 914
784
210
68269
5,105
5438
15980
790
209
68463
5,112
5457
16030
790
208
68689
5,129
5473
16 095
795
206
68935
5,144
5492
16 166
797
204
69,161
5,163
5,502
16245
801
205
69,291
5,175
5,528
16283
5341
19036
15837
2739
3639
9458
5467
19665
15851
2 752
3659
9439
5 503
19893
15935
2 774
3672
9489
5 512
19 962
15864
2760
3 667
9437
5 530
20034
15874
2759
3669
9446
5 546
20 130
15869
2762
3668
9439
5 573
20162
15858
2 760
3670
9428
5 593
20278
15875
2763
3682
9430
5613
20378
15873
2770
3686
9417
5 640
20449
15903
2 771
3693
9439
5662
20549
15922
2785
3699
9438
5676
20681
15894
2777
3699
9418
5676
20 '701
15928
2779
3697
9452
59,487
12742
60,021
12581
61,510
13014
61,649
13082
61830
13 117
62,064
13087
60,699
13034
60,909
13 163
61,384
13280
62,301
13368
63,121
13459
64,043
13610
59487
16561
82
2998
12742
7,31
488
34
60021
16284
678
3026
12581
7 151
548
355
60748
16532
674
3099
12759
7289
569
363
61074
16735
685
3 122
12928
7421
578
368
61371
16881
686
3 147
13048
7 511
583
373
61 665
16996
690
3 161
13 145
7585
587
376
61948
17 155
694
3227
13234
7643
589
380
62327
17318
696
3296
13326
7718
592
384
62443
17297
698
3211
13388
7769
599
387
62800
17446
707
3296
13443
7799
599
387
63 060
17507
714
3328
13 465
7826
596
385
63363
17 600
720
435
683
1,028
1,355
436
624
996
1,200
445
636
1011
1,219
450
651
1 028
1,236
453
657
1 037
1,261
454
665
1 049
1,273
455
661
1056
1,286
462
666
1062
1,300
463
666
1069
1,314
464
668
1074
1,329
1 212
1,079
1 228
1,103
1260
1,126
1281
1,160
1 300
1,173
1313
1,192
1327
1,208
1 346
1,221
1364
1,221
1 371
1,221
410
27b
390
267
393
26r
397
272
398
278
401
280
399
275
403
282
404
282
403
283
79,401
94 523
78,566
58,841
r
25,098
1017
r
4356
19725
r
ll,758
706
484
r
603
r
879
1,491
r
2,252
79,593
94,754
'78,694
r
59,083
r
25,005
1,020
r
4,374
19,611
11,690
r
703
481
r
603
r
862
1,485
r
2,241
r
r
2,263
1,940
2,267
1,961
r
r
"2,264
"1,943
726
389
7,967
1,642
65
751
725
387
7,921
1,631
68
744
"729
"389
"7,919
"1,631
"68
P735
1,200
r
686
1,371
1,067
187
1,180
681
1,375
1,063
186
"1,176
"685
"1,378
"1,063
"185
r
800
198
69,425
r
5,202
r
5,544
16 295
r
r
798
195
69,749
r
5,211
r
5,585
16,339
"805
"193
"70,124
"5,238
"5,612
"16477
r
r
r
r
5684
20,870
16,060
2785
r
3,729
r
9,546
"5712
"20,998
"16,087
"2772
"3738
"9,577
64,034
13461
r
64,339
13 641
r
"64,650
"13,662
r
r
13492
7,860
597
387
63494
17654
720
3393
13541
7,899
594
388
465
676
1083
1,342
466
674
1,091
1,356
466
669
1,101
1,370
464
'668
1,103
1,379
r
463
r
653
1,097
1,368
"467
"662
"1,104
"1,379
1377
1,217
1379
1,224
1 390
1,233
1401
1,265
1395
1,242
"1393
"1^246
404
281
405
28
r
403
r
"408
"283
O QQQ
406
282
r
5679
20 748
15,957
r
2785
r
3714
r
9,458
63 616
17,671
r
729
r
3384
13,558
r
7,945
592
386
r
403
284
64,513
13,716
63 700 "64 037
17,582 "17 641
r
730
"728
r
3402
"3408
13,450 "13,505
r
7,876
"7,925
r
589
"595
383
"388
283
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-ll
SURVEY OF CURRENT BUSINESS
November 1984
1984
1983
Annual
I1nite
unus
1982
1983
Sept.
Oct.
Nov.
Dec.
Mar.
Feb.
Jan.
June
May
Apr.
Aug.
July
Sept.
Oct.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT t—Continued
Seasonally Adjusted t
Production or nonsupervisory workers — Continued
Nondurable goods
.
thous
Food and kindred products
do....
Tobacco manufactures
do....
Textile mill products
do
Apparel and other textile
products
do. .
Paper and allied products
do....
Printing and publishing
do..l.
Chemicals and allied products..
do....
Petroleum and coal products
do..;.
Rubber and plastics products nee
do
Leather and leather products
do....
Service-producing. .. .
do...
Transportation and public utilities
do....
Wholesale trade
do ;
Retail trade ...
...
do
Finance, insurance, and real
estate
do
Services
....
do
AVERAGE HOURS PER WEEK t
Seasonally Adjusted
Avg. weekly hours per worker on private nonag.
payrolls: <>
Not seasonally adjusted
hours . J
Seasonally adjusted
do....
Mining ^
do
Construction $
do
Manufacturing:
Not seasonally adjusted
do....
Seasonally adjusted
do
Overtime hours
do
Durable goods
.. ..
do
Overtime hours
do.
Lumber and wood products
do....
Furniture and fixtures
do....
Stone, clay, and glass products
do ....
Primary metal industries
,
do....
Fabricated metal products
do....
Machinery, except electrical
do....
Electric
and
electronic
equip ...
.
• do
Transportation equipment
do
Instruments
and related
products .
>
do
Miscellaneous manufacturing $
...,.do ....
Nondurable goods
do
Overtime hours
do ...
Food and kindred products.....
do....
Tobacco manufactures $
do
Textile mill products
do....
Apparel and other textile
products
. do
Paper and allied products
do ....
Printing and publishing..
do....
Chemicals and allied products
do....
Petroleum and coal products
do....
Rubber and plastics products, nee $
do
Leather and leather products
do....
Transportation and public utilities
do:...
Wholesale trade
do
Retail trade
do
Finance, insurance, and real
estate t
do..
Services
do...
AGGREGATE EMPLOYEE-HOURS t
Seasonally Adjusted
Employee-hours, wage & salary workers in nonagric. establish, for 1 week in the month,
seas adj at annual rate
bil hours
Total private sector
.. .do..
Mining
do
Construction
do...
Manufacturing
do
Transportation and public utilities
do ....
Wholesale trade *
do
Retail trade *
do...
Finance, insurance, and real
estate
do .
Services
do...
Government
do
Indexes of employee-hours (aggregate weekly): <}
Private nonagric. payrolls, total
1977 = 100.
Goods-producing
do
Mining .
.
do
Construction
.. . .. ..do...
Manufacturing
j r
do ...
Durable goods
'do
Nondurable goods
ido...
Service-producing
:do^..
Transportation and public
!
utilities
do...
Wholesale trade
...:::..:.db...
Retail trade
..„..;
.do...
Finance, insurance, and real
Services
See footnotes at end of tables.
do
5431
1,125
53
642
5430
1,118
52
641
5470
1,118
52
651
5507
1,119
51
656
5537
1,124
50
658
5,560
1,126
50
660
5,591
1,134
49
666
5,608
1,133
49
665
5,619
1,133
50
666
5,644
1,143
50
665
5,639
1,142
50
661
5,632
1,142
50
658
5,642
1,152
50
652
'5,613
1,140
49
649
'5,574
'1,131
52
'643
"5,580
"1,133
"52
"635
981
494
699
598
120
984
494
710
580
117
993
498
715
581
116
1,004
501
720
583
115
1,012
503
725
; 584
114
1,018
506
727
586
113
1,023
508
732
587
112
1,028
511
734
588
112
1,031
512
737
588
111
1,039
512
744
589
111
1,033
512
748
588
111
1,021
515
752
590
110
1,018
516
757
591
110
1,013
'516
r
757
r
592
110
'998
'511
'759
'589
'110
"995
"515
"760
"591
"112
533
183
42926
4,190
4246
13612
556
173
43737
4,073
4220
13951
571
175
44,216
4,154
4258
14063
582
176
44,339
4,158
4274
14112
591
176
44,490
4,151
4292
14174
598
176
44,669
4,161
4,316
14,221
604
176
44,793
4,189
4349
14,264
612
176
45,009
4,198
4,375
14,317
616
175
45,146
4,207
4395
14,341
616
175
45,354
4,228
4,406
14,434
621
173
45,553
4,236
4,425
14,493
623
171
45,763
4,253
4,430
14,558
624
172
45,840
4,265
4,458
14,586
622
'165
'45,945
r
4,293
'4,466
14,592
'619
'162
'46,118
'4,290
'4,500
'14,617
"627
"160
"46,396
"4,314
"4,525
"14,723
3997
16880
4066
17428
4097
17644
4107
17688
4122
17751
4 135
17,836
4149
17,842
4 161
17,958
4165
18,038
4,175
18,111
4,195
18,204
4,217
18,305
4,217^
18,314
r
4,233
!8,361
'4,225
'18,486
"4,248
"18,586
34.8
35.0
35.3
35.2
43 1
379
35.3
35.2
432
373
35.1
35.2
429
363
35.5
35.2
43.4
36.8
35.0
35.4
43.3
36.3
35.0
35.3
42.9
37.0
35.0
35.3
42.8
36.7
35.3
35.4
43.0
37.5
35.2
35.3
43.2
38.2
35.5
35.3
43.7
38.6
35.6
35.2
43.0
38.6
r
35.5
35.2
43.5
38.5
35.5
35.3
43.9
'38.5
"35.1
"35.1
"43.6
"37.9
40.7
40.7
40.9
41.1
40.6
40.6
40.3
40.5
r
41.2
40.4
40.5
'3.3
r
41.2
3.4
39.4
r
39.1
r
41.7
41.0
'41.1
'42.0
40.7
'40.6
3.3
40.8
40.6
3.7
'40.2
'40.0
'41.9
'41.3
41.5
'42.0
"40.5
"40.5
"3.3
"41.3
"3.5
"39.6
"39.5
"41.7
"41.5
"41.4
"41.9
40.9
42.4
'41.1
'42.7
"40.9
"42.3
'41.5
'39.6
'39.4
'39.7
'39.7
39.2
"41.3
"39.5
"39.4
"3.0
"39.6
"40.0
"38.9
427
367
425
372
38.9
40.1
40.7
406
3.3
41.2
3.4
40.5
39.8
41.8
41.6
41.2
41.2
41.2
40.6
40.7
40.9
3.3
3.4
40.6
40.9
30
407
3.0
40.1
39.4
41.5
40.5
40.6
40.5
40.8
407
32
414
33
40.4
40.0
42.0
41.2
41.4
41.1
40.8
406
23
393
22
38.0
37.2
40.1
38.6
39.2
39.7
41.3
393
405
405
421
412
433
41 1
425
41 1
426
424
398
38.4
384
25
39.4
37.8
375
404
39.1
394
30
39.5
37.4
40.5
408
39.4
399
31
39.8
38.4
413
407
39.8
397
31
39.6
38.4
40.8
407
347
418
37.1
40.9
43.9
362
42.6
37.6
41.6
43.9
367
432
37.8
41.7
43.2
396
356
39.0
383
299
41 2
368
39.0
385
298
362
326
3.5
3.5
3.5
3.3
3.3
41.3
41.6
41.8
41.3
41.2
3.7
41.4
3.5
41.7
3.5
3.5
3.5
3.5
40.0
39.8
41.8
41.7
41.4
41.3
40.0
40.1
41.9
41.8
41.4
41.5
40.6
40.0
42.1
41.9
41.6
41.8
40.4
39.9
42.5
42.0
41.8
41.9
40.1
39.6
41.9
41.8
41.3
41.9
40.4
39.7
42.3
42.2
41.8
42.3
39.6
39.7
42.1
42.1
41.4
41.9
39.4
39.1
41.8
41.7
41.3
42.0
39.3
39.8
41.9
41.5
41.3
41.8
410
412
412
432
431
41.0
42.9
413
43.5
41.0
42.4
40.8
42.3
40.8
42.2
408
413
3.8
3.7
4.0
r
3.3
'41.5
3.5
40.0
397
41:1
39.6
39.8
39.5
40.2
40.7
39.3
39.6
41.3
39.2
39.6
41.3
38.9
39.4
3.1
3.2
38.9
39.9
41 2
39.6
39.9
414
39.8
398
39.6
40.1
40.6
39.5
37.8
40.7
39.7
38.1
40.6
39.7
36.4
40.8
39.8
36.9
40.6
40.1
39.5
41.2
39.7
39.6
40.0
39.8
40.5
40.0
39.5
37.5
39.8
41.1
'39.1
r
39.5
r
3.1
'39.7
'39.2
39.4
366
432
37.9
41.7
43.6
367
431
366
431
366
432
369
432
37.9
41.9
43.7
37.7
41.9
44.6
37.9
42.1
44.8
37.9
42.1
44.5
36.7
43.0
37.9
42.0
44.7
37.4
43.2
38.2
42.0
43.7
36.5
43.1
38.0
41.8
43.5
36.4
42.9
37.7
41.9
43.1
35.8
43.3
37.7
41.9
43.2
36.0
'43.1
'37.8
42.0
'43.9
'36.0
'43.1
37.9
'41.7
'43.1
"36.1
"42.9
"37.9
"41.8
"43.4
419
378
393
386
298
419
373
39.4
386
300
420
424
37 1
39.4
420
37.3
39.5
420
37.2
39.3
386
385
30.3
30.1
30.0
41.7
36.7
39.2
38.5
30.1
42.1
37.5
39.5
38.7
30.0
41.7
36.5
39.4
38.6
30.1
41.9
36.7
39.6
38.6
30.2
41.2
37.0
39.8
38.6
29.9
'41.4
'36.0
'39.4
38.7
29.9
'41.6
'36.6
'39.8
38.8
'29.9
"41.4
"36.1
"39.1
"38.6
"29.8
36.2
327
36.1
327
, 36.4
32.8
36.1
36.2
32.6
36.5
32.8
36.4
32.7
36.3
32.8
36.5
32.8
36.3
32.7
36.3
32.7
36.7
32.7
36.4
32.6
36.6
32.8
"36.3
"32.6
16573
13502
251
7.45
3811
10.32
1051
23.60
16791
13675
212
762
3842
1012
1053
24.09
17074
13914
213
783
3936
1037
1068
2431
17094
139.67
216
7.71
3951
1040
1067
24.59
17015
139.69
216
7.79
3965
10.30
1072
24.54
17190
140.39
2 17
7.74
3971
10.38
1075
24.94
17400
142.28
223
8.37
4052
10.42
1086
24.82
17444
142.57
220
8.40
40.69
10.38
10.87
24.82
173.66
142.32
2.19
7.86
40.69
10.40
10.89
24.94
176.89
144.56
2.26
8.30
41.20
10.55
11.01
25.16
176.27
144.78
2.27
8.43
41.03
10.57
11.04
25.34
176.99
145.56
2.29
8.58
41.14
10.66
11.06
25.48
177.06
145.67
2.27
8.53
41.20
10.72
11.11
25.45
'177.49
'145.61
'2.27
'8.58
'41.26
'10.68
'11.56
'25.29
'178.67
'146.45
2.30
'8.64
'41.06
'10.81
'11.26
'25.38
"178.36
"146.20
"2.28
"8.54
"41.10
"10.71
"11.26
"25.50
1008
32.43
3072
10.30
33.55
31 16
1042
34.04
3160
10.45
34.18
3127
10.41
34.14
3046
10.47
34.22
31.52
10.59
34.47
3172
10.55
34.66
3187
10.54
34.80
31.35
10.68
35.40
32.33
10.67
35.42
31.50
10.75
35.62
31.43
10.82
35.57
31.40
'10.77
35.60
'31.80
10.91
'36.09
'32.22
"10.80
"36.00
"32.16
104.2
906
1307
99.8
87.0
844
90.8
111.7
105.8
914
1073
101.9
88.6
85.4
93.3
113.7
107.6
939
107.8
105.0
91.1
88.5
95.0
115.1
108.3
946
109.6
104.1
92.1
89.9
95.3
115.9
108.7
956
109.7
105.5
93.0
91.0
95.9
116.0
109.4
962
110.4
105.7
93.7
92.0
96.2
116.7
110.3
97.9
111.5
110.3
94.9
93.4
97.0
117.2
110.9
99.2
112.1
114.1
95.7
94.4
97.5
117.4
110.9
98.1
111.7
107.7
95.7
94.5
97.4
117.9
112.0
100.1
114.7
112.6
97.0
95.8
98.8
118.6
112.0
99.5
115.5
113.7
96.0
95.0
97.4
119.0
112.7
99.9
117.1
116.4
96.0
95.1
97.2
119.7
112.6
99.9
116.2
115.3
96.1
95.5
96.9
119.7
'112.7
'100.1
'118.0
'115.6
96.2
96.0
96.5
'119.7
'113.3
100.0
'118.9
'117.2
'95.8
'95.8
95.7
'120.7
"113.2
"99.8
"117.5
"115.8
"95.9
"96.0
"95.7
"120.6
102.2
i 108.1
103.6
99.4
108.0
106.0
102.0
109.2
106.7
102.4
109.7
107.8
101.7
110.1
108.3
102.4
110.7
109.7
103.4
111.6
109.3
103.1
112.0
109.4
103.1
112.5
109.9
104.4
113.3
110.3
104.3
113.5
111.1
105.2
113.7
111.9
106.1
114.4
111.0
'105.7
'114.9
111.1
'106.7
'116.1
'111.3
"105.4
"116.1
"111.7
117 1
1219
1189
1260
1202
1276
1208
128.3
1206
128.4
1210
128.6
1220
129.4
122.1
129.9
122.2
130.9
123.1
131.4
123.1
131.7
124.0
132.4
124.7
132.5
124.2
132.4
'125.3
'134.1
"124.6
"134.0
1
372
392
386
300
327
386
oo
3.3
3.3
3.4
3.1
3.2
3.1
3.0
S-12
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
,, ..
umis
Annual
1982
November 1984
1984
1983
1983
S,p,
Nov.
Oct.
Dec.
Jan.
Mar.
Feb.
Apr.
June
May
Oct.
Sept.
Aug.
July
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HOURLY AND WEEKLY EARNINGS tt
Average hourly earnings per worker: <>
Not seasonally adjusted:
Private nonagric. payrolls
dollarsMining
do
Construction
do
Manufacturing
.
do
Excluding overtime
do .
Durable goods
do....
Excluding overtime
do
Lumber and wood products
do....
Furniture and fixtures
do....
Stone, clay, and glass products
do....
Primary metal industries
do
Fabricated metal products...
do
Machinery, except electrical
do....
Electric and electronic
equip
do
Transportation equipment
do....
Instruments and related
products . . .
..
do
Miscellaneous manufacturing
do ...
Nondurable goods
do....
Excluding overtime
do
Food and kindred products
do
Tobacco manufactures
do .
Textile mill products
do....
Apparel -and other textile
products
do....
Paper and allied products
do....
Printing and publishing
do
Chemicals and allied products
do ..
Petroleum and coal products
do....
Rubber and plastics products nee
do
Leather and leather products
do ..
Transportation and public utilities
do....
Wholesale trade
do
Retail trade .
. .
do
Finance, insurance, and real
estate
do
Services
. .
do"
Seasonally adjusted:
Private nonagricultural payrolls
dollars
Mining
do
Construction
do ....
Manufacturing
.
do
Transportation and public utilities
do....
Wholesale trade *
do....
Retail trade *
do....
Finance, insurance, and real
estate
do....
Services
do
Indexes of avg. hourly earnings, seas, adj.: <^
Private nonfarm economy:
Current dollars
1 977 - 1 00
1977 dollars $
do
Mining
'.
do
Construction
do ....
Manufacturing
do
Transportation and public utilities .
do .
Wholesale trade *
do....
Retail trade *
do...
Finance, insurance, and real
estate
do
Services
do
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (ENR): §
Common labor
$ per hr .
Skilled labor
do
Railroad wages (average class I)
do
Avg. weekly earnings per worker,
private nonfarm: <>
Current dollars, seasonally adjusted
1977 dollars, seasonally adjusted t.
Current dollars, not seasonally adjusted:
Private nonfarm total
dollars
Mining . . . .
. .
do
Construction
do
Manufacturing
do
Durable goods
do
Nondurable goods
do..
Transportation and public
utilities
do
Wholesale trade
do
Retail trade
do ..
Finance, insurance, and real
estate
do .
Services
do
EMPLOYMENT COST INDEX @
Civilian workers t
6/81 — 100
Workers, by occupational group
White-collar workers
do
Blue-collar workers
do
Service workers
do
Workers, by industry division
Manufacturing
do
Nonmanufacturing
. .
do
Services
do
Public administration
do
HELP- WANTED ADVERTISING
Seasonally adjusted index
1967 — 100
See footnotes at end of tables.
7.68
1077
1163
849
825
9.04
880
7.43
6.31
8.87
1133
877
926
8.02
11 27
1192
883
851
938
905
7.79
6.62
927
11 34
9 11
955
8.12
11 33
1204
889
852
946
907
7.87
6.74
942
1134
918
963
8.16
11 33
1206
890
854
947
909
7.86
6.71
9.38
11 28
9 18
966
8.16
11 40
11 91
897
861
9.53
9 14
7.79
6.73
941
11 32
924
974
8.16
11 41
1202
904
867
960
9 19
7.80
6.78
941
1135
935
985
8.26
11 54
1208
908
872
964
924
7.88
6.76
942
1138
931
985
8.24
11 49
1199
906
8.70
9.63
923
7.88
6.75
9.38
1149
931
987
8.24
11 60
1197
909
873
9.66
925
7.87
6.76
9.40
1144
931
9.90
8.29
11 62
1195
911
8.75
9.67
927
7.89
6.76
9.51
11 51
934
9.91
8.28
11 56
1199
911
8.76
9.66
927
7.92
6.80
9.54
1149
933
9.90
8.29
11 57
1194
9.14
8.77
9.69
929
8.04
6.84
9.58
11 46
933
9.93
8.32
11 57
11.97
9.18
8.82
9.70
932
8.01
6.88
9.64
1145
9.33
9.96
8.30
11.57
12.01
9.14
r
8.77
9.68
r
9.28
r
8.05
6.90
r
9.62
11.34
9.30
r
9.92
8.43
11.65
12.16
9.22
8.84
9.77
9.35
r
8.14
r
6.95
r
9.63
11.36
r
9.40
10.02
"8.42
"11.58
"12.15
"9.23
"8.86
"9.77
"9.36
"8.08
"6.92
"9.63
"11.32
"9.35
"10.02
821
11.11
865
11.66
873
11.80
871
11.87
877
12.01
884
12.04
888
12.06
886
12.00
888
12.12
889
12.06
889
12.04
891
12.14
8.95
12.13
9.00
12.13
9.08
12.26
"9.09
"12.35
806
846
854
854
856
865
868
8.66
8.71
8.73
871
8.78
8.83
8.85
8.89
"8.84
642
7.74
749
792
979
5.83
6.80
8.08
779
820
1035
6.18
6.83
8.11
111
817
9.90
6.23
6.84
8.12
779
816
9.65
6.24
6.84
8.18
786
8.26
10.77
6.26
6.95
8.24
792
8.36
10.19
6.31
7.00
8.27
796
8.41
10.77
6.39
6.97
8.24
793
8.37
11.13
6.40
6.97
8.27
7.95
8.39
11.29
6.41
6.97
8.29
7.98
8.43
11.43
6.43
6.99
8.30
800
8.43
11.55
6.42
6.98
8.33
8.01
8.44
11.92
6.43
7.02
8.41
8.09
8.41
11.67
6.43
6.97
8.37
8.04
r
8.36
10.75
6.46
7.02
8.43
8.09
r
8.36
10.36
r
6.49
"7.09
"8.44
"8.11
"8.35
"10.29
"6.49
5.20
9.32
874
996
12.46
5.37
9.94
911
1059
13.29
5.39
10.11
923
10.70
13.38
5.40
10.11
923
1079
13.38
5.43
10.20
926
10.86
13.45
5.44
10.24
929
10.90
13.54
5.50
10.23
926
10.91
13.47
5.46
10.22
930
10.90
13.43
5.48
10.25
929
10.95
13.44
5.49
10.29
929
10.97
13.44
5.48
10.34
931
1102
13.32
5.50
10.42
930
11.03
13.33
5.51
10.56
9.36
11.12
13.27
5.53
10.50
r
9.42
11.13
13.32
'5.61
10.54
r
9.51
11.24
13.53
"5.59
"10.56
"9.50
"11.27
"13.43
764
533
10.32
809
548
799
554
10.80
854
574
805
557
10.88
862
578
808
556
10.94
869
579
807
557
11.01
868
582
8.16
5.61
11.00
874
5.78
817
5.68
11.08
882
589
8.16
5.67
11.01
8.79
5.89
8.20
5.68
11.02
8.79
5.89
8.25
5.68
11.07
8.89
5.90
8.20
5.68
11.03
8.86
5.88
8.23
5.67
11.07
8.90
5.88
8.30
5.70
11.18
897
5.87
8.28
5.67
11.17
r
8.95
r
5.84
678
692
7 29
730
733
737
745
743
739
744
743
747
755
757
754
7.55
7.54
7.54
762
7.60
7.55
7.55
7.58
7.53
7.60
7.56
768
1077
11.63
849
1032
8.09
5.48
802
11 27
11.92
883
1080
854
5.74
809
814
(i)
11.93
897
1093
8.70
5.82
817
(i)
1196
899
1096
874
583
821
(i)
1197
903
1102
876
5.84
823
(i)
11.95
906
1099
8.76
5.84
825
831
1197
909
1108
882
5.87
12.03
911
11 11
888
5.89
829
(i)
12.07
9 12
11 09
8.85
5.87
8.33
(i)
12.07
9 15
11.16
8.94
5.89
8.35
1195
888
1083
8.62
5.79
813
(i)
1194
893
1091
870
5.80
12.04
917
11.22
8.98
5.89
6.78
692
729
730
735
737
746
741
739
741
747
744
749
7 48
7.47
750
754
752
7.62
760
7.53
756
7.61
759
7.64
764
1485
934
1589
1412
1524
1488
1496
1434
1553
948
1666
1453
1578
1567
1581
1501
1562
945
1680
1455
1581
1574
1598
1513
1570
947
1684
1455
1587
1585
161 1
1519
1572
946
1695
1452
1594
1587
1608
1523
1578
949
1697
145.6
1597
1590
161 8
152 6
1584
948
1710
146.3
1603
1599
1633
1527
1585
948
170.7
146.2
l60 7
1598
1627
1529
1591
95.1
172.0
146.3
1612
160.9
162.7
1532
1599
95.4
172.9
146.6
161 5
1613
164.5
1537
1596
94.9
172.5
147.0
162.0
160.9
164.1
1534
160.3
95.2
173.4
147.1
162.3
162.1
164.6
153.8
160.8
95.2
174.3
146.6
162.9
162.6
165.9
154.0
1483
1479
1587
1560
159 6
1577
1620
1587
160 8
1585
161 7
1594
164 2
1598
1640
1598
1642
1608
1658
1623
1642
1614
1649
162.5
1428
1856
1151
1522
1991
1283
1553
2037
13 13
1553
2037
1299
1556
2043
13 04
1549
2040
13 06
1552
2042
13 32
1552
2043
1338
1554
2049
13 21
15.56
2049
13 29
1563
2053
1318
267.26
16809
280.70
17137
284,77
17227
286.18
17261
286.53
172 40
287.58
17293
290.63
173 93
290.52
17365
291.23
17408
294.17
17552
26726
45988
42682
33026
355 27
297.22
28070
47898
44342
35408
38177
318.35
28664
48832
45632
36271
39070
325.21
28805
489 46
44984
36223
391 11
323.99
286 42
48906
43233
36598
395 50
327.20
28968
49519
44234
37245
40320
330.42
289 10
49968
43850
36865
398 13
326.67
288 40
49292
44363
36874
39868
326.30
28840
49648
43930
369.96
39992
327.49
40248
30985
16385
421 20
32879
17105
42867
33359
17282
43213
33630
17312
43269
33592
173.44
43670
33999
178 02
43434
33869
173.17
42939
33578
173.17
24544
22559
26390
23871
26461
241 00
271 18
24296
26678
24254
26897
24352
275.58
24678
274.46
24613
r
r
r
8.29
r
5.73
11.25
r
9.03
5.90
"8.31
"5.76
"11.23
"8.98
"5.90
r
7.57
7.53
r
7.77
r
7.71
"7.73
"7.72
8.34
0)
12.05
920
11.16
r
8.97
r
5.88
r
8.41
0) •
12.06
9.21
11.21
r
9.03
r
5.91
"12.03
"9.26
"11.20
"8.99
"5.91
r
l 71
"7.73
"7.70
160.6
94.1
174.0
146.6
163.3
161.9
165.4
153.6
161.7
94.3
175.6
146.9
163.4
162.9
167.2
154.3
"161.6
94.1
"175.8
"146.5
"163.8
"162.9
"166.4
* 154.4
1655
163.4
1646
162.8
168.4
165.1
P 167.5
» 164.7
15.76
2060
1331
15.79
2062
1329
15.84
20.87
1318
15.87
2089
"1340
"15.81
"15.82
292.64
17398
294.05
17461
293.92
17392
293.57
17198
r
296.87
173 10
"294.84
171.62
292 64
49966
448 13
37260
402 27
329.94
29146
49939
45802
369.87
39992
328.68
29430
50561
460.88
372.91
40214
331.53
29619
497.51
462.04
369.95
39673
331.35
42978
33666
174.34
43505
34227
17582
43238
34200
17640
44059
34443
178.75
273.70
24580
27813
24852
27407
24613
275.15
24774
7.57
762
r
r
503 30
r
462.39
369.26
r
396 88
331.45
r
29927
511.44
468.16
375.25
40448
r
334.67
"295.54
"504.89
"460.49
"373.82
"402.52
"333.38
44720
34804
180.21
r
443 45
r
r
448 88
r
'"440.22
"347.53
P 175.23
278.92
25024
r
r
284.38
r
"280.60
"250.90
29465
34726
178.70
275.55
24849
350.36
177.00
252 89
1165
1198
1208
122.4
1189
115.8
1191
1209
1177
1220
1221
118.6
1221
1240
119.6
1246
1150
1172
121 1
119 8
96
1178
117 6
1148
1167
86
1160
1186
1226
1214
1179
1207
1250
1229
1191
121.6
1255
1237
120.4
123.3
1288
1269
98
111
114
121
123
129
"8.40
124
124
125
134
138
128
129
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-13
SURVEY OF CURRENT BUSINESS
November 1984
Annual
.. ..
umw
1982
1984
1983
Sept.
1983
Nov.
Oct.
Dec.
Jan.
Mar.
Feb.
Apr.
June
May
July
Sept.
Aug.
Oct.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
WORK STOPPAGES
Work stoppages involving 1,000 or more workers:
Number of stoppages:
Beginning in month or year....
number..
Workers involved in stoppages:
Beginning in month or year
thous .
Days idle during month or year
do....
UNEMPLOYMENT INSURANCE
Unemployment insurance programs:
Insured unemployment, all programs, average
weekly # @
thous
State programs (excluding extended duration
provisions):
Initial claims
thous
Insured unemployment, avg.
weekly
do
Percent of covered employment: @ @
Unadjusted
Seasonally adjusted
Beneficiaries, average weekly
thous
Benefits paid @
mil $
Federal employees, insured unemployment,
average weekly
. thous
Veterans' program (UCX):
Initial claims
do
Insured unemployment, avg.
weekly
do
Beneficiaries, average weekly
do....
Benefits paid .
mil $
Railroad program:
Applications
thous
Insured unemployment, avg.
weekly
do
Benefits paid
mil. $..
96
81
7
656
9,061
20
567
4594
3775
2580
30298
22802
1381
4 061
3 396
2449
46
2
909
17461
39
3 564
2 990
20 649 5 18 613 2
12
4
0
6
2
2
6
5
5
27
644
8
581
24
755
68
1,221
2958
2613
2290
2166
2321
r
4
'9
4
21
r
!03
r
15
498
8
3
284
r
23
605
464
29
507
g
365
2620
2915
3 374
3 174
1 522
1757
2105
2 356
1 528
1433
1 429
1370
1389
1727
1467
2 358
2 508 / 2 805
3 249
3 056
2 843
2 515
2215
2111
2270
2 183
33
32
2311
38
31
36
29
29
29
28
26
28
2767
14005
2339
13695
2308
2023
26
27
1902
1 1736
1 1092
25
2.7
1917
12036
2780
14580
9483
9727
25
2.7
1 911
1 0319
68
1 143
2478
28
29
27
34
33
33
2 133
2 004
2 114
1 104 4 1 002 1 10999
0 O
r
716
l,623
2184
32
26
22
25
27
29
32
31
28
23
20
19
20
19
136
196
17
16
15
14
15
13
13
12
12
12
13
14
11
9
835
30
27
1789
27
24
135
28
25
14 1
28
26
15 1
27
26
148
27
25
14 6
24
23
12 5
22
20
11 8
20
19
10 3
18
17
10 6
18
17
95
18
16
96
19
17
108
246
180
9
7
g
g
10
4
3
2
2
11
25
62
58
301.6
41
20.2
43
19.5
42
19.5
43
19.9
52
23.9
47
23.2
40
20.1
29
13.4
21
10.2
16
7.0
17
6.7
74367
73 221
78 457
79 530
82067
80 957
79 779
193 926 200 365
146 753 151 197
46 556
45 526
101 227 404 641
49 168
47 173
210 073
156 329
48370
107 959
53744
215 345
161 474
51 134
110340
53871
220 594
160 413
50216
110 197
60 181
222 782
160 544
49*676
110868
62238
220 125
158358
50*313
108 045
61 767
338.7
16
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
mil $
Commercial and financial company
paper, total
do
Financial companies
do
Dealer placed
do
Directly placed
do
Nonfinancial companies
do
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of period
mil $
Farm mortgage loans:
Federal land banks
do
Loans to cooperatives
do
Other loans and discounts
. ..do
Federal Reserve banks, condition, end of period:
Assets, total #
mil $
Reserve bank credit outstanding total #
do
Time loans
.
do
U.S. Government securities
do
Gold certificate account
do
Liabilities, total #
do
Deposits, total
do
Member-bank reserve balances
do....
Federal Reserve notes in circulation
do
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held total
mil $
Required
do
Excess
do
Borrowings from Federal Reserve
banks
do
Free reserves
do
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo.:$
Deposits:
Demand, total #
• mil $
Individuals, partnerships, and
corporations it
do....
States and political subdivisions
do....
U.S. Government
do
Depository institutions in U.S. it
do....
Transaction balances other than demand
deposits *
do
Nontransaction balances, total *
do....
Individuals^ partnerships, and
corporations
do
Loans and leases(adjusted),total §
do....
Commercial and industrial....
do....
For purchasing and carrying
securities
do .
To nonbank depository and other
financial
.
.
do
Real estate loans
..
do
To States and "political subdivisions Q
do....
Other loans
do
Investments, total
do
U.S. Treasury and Govt. agency securities,
total 0
do
Investment account Q
do
Other securities Q
do
See footnotes at end of tables.
78 309
73 569
72902
77 919
78 309
73 450
162 330 181 348
3
118 640 137 970
3
34 666 41 727
3
83 974 96243
43690
43378
176 125
130 280
39 247
91 033
45845
177 150
132 128
39 134
92 994
45022
182 475
137 297
42 124
95 173
45 178
181 348
137 970
41 727
96 243
43378
187 284
142 638
44 082
98 556
44 646
79 543
3
r
77928
80408
80541
81 173
81 106
80769
80541
80 896
80 821
80935
81 131
81 176
80852
80779
80 545
80,091
50375
8423
21610
51 078
9319
20 143
51 095
r
8 704
21 375
51 105
9*263
20737
51 130
9460
20180
51 078
9319
20 143
51 036
10 171
19690
50 998
10*170
19*653
51038
10292
19605
51 055
10321
19755
51 106
10 127
19944
51 169
9289
20394
51 190
8947
20642
51 219
8 709
20,616
8,497
20,378
190 128
198 571
208 034
190 067
195 267
198 571
199 457
188 837
195 100
208 207
202 369
200 726
204 194
203 184 ^207 150
198 682
153 769
'7 17
139 312
11 148
190 128
34 334
26,489
163 694
167 398
155 964
11 128
208 034
44 593
20,697
150 254
11 120
199 457
29 661
20,361
158 535 159 508
896
1 020
140 847 150 814
11 111
11 116
188 837 195 100
20 306
26 634
22*167
16,330
162 134
11 109
208 207
37 113
19,715
167 566
2 g32
154 869
11 104
202 369
27 252
21,686
165 465
4*760
152 859
11 100
200 726
25 318
20,252
167 113
7238
150 705
11 099
204 194
25 851
21,355
170648
'" 8*276
146 096
11 126
190 067
26 112
20,227
163 694
*918
151 942
11 121
198 571
26 123
21,446
163 081
1*625
155*423
160 043
1 059
149 439
11 123
195 267
25 443
21,581
172 937
918
151 942
11 121
198 571
26 123
21,446
170 433
6633
153 183 155 018
11,097
11098
203,184 r207,150
32718
1 27 417
23,612
|22,733
162417
5*060
148 220
11096
198,682
24 122
19,740
141 990
157 097
148 172
149 676
153 800
157 097
151 711
152 383
153 871
155 388
158 727
159 915
160 402
161 551 160 046
160 972
Ml 854
Ml 354
J
500
1 38 894
1
38 333
'561
37 916
37 4jg
38 137
37 633
38 894
38 333
40 120
39 507
36 365
35*423
37 154
36 664
36 519
35*942
37 518
37 464
36 858
683
035
37 415
r
620
38504
36752
137 258
!
36*575
505
38 144
37*615
*529
36278
498
1 441
753
844
197
906
715
16
567
478
952
110
1 234
605
2988
" 256
774
117
2 215
3 300
2269
5924
5009
8 017
6988
7242
6303
6017
5106
195 538
186 364
185 724
176 120
185 972
185 051
177 286
188 449
172 507
185 925
185 214
149,971
5,507
2055
1 934
20,448
21,868
139,378
5,453
134,190
4,250
141,334
5,854
140,804
4,623
131,706
4,438
22,088
22,562
23,298
19,196
139,054
4,855
3942
22,537
141,574
4,875
21,285
134,732
4,702
2296
20,971
142,206
23,974
140,501
5,448
2446
22,623
J
1
634
101
'774
i 117
387
191 546
195 538
169 441
180 079
187 336
141,698
5,225
149,971
5,507
130,818
4,492
138,677
5,284
561
143,638
4,900
1 607
418
613
942
35 569
709
907
490
577
1076
767
607
6,120
1200
2138
51216
r
38
r
r
37 ggs
612
1388
1764
2 055
23,816
21,868
18,199
20,103
416 133
439 983
428 000
432 988
437 235
439 983
32956
408 881
32736
411 118
32899
415351
33340
414 454
32673
426 900
31967
431 360
33356
434 075
32258
436 102
33857
440,679
32960
443 816
377 218
524,625
218,529
411 068
553,128
223 857
399 366
530,378
215 287
405 227
541,626
218 706
408 964
543,644
219 355
411 068
553,128
223 857
380 480
577,258
221 422
382 536
585,352
226 817
386 014
587,258
231 233
385311
602,674
395 671
607,656
239 798
399 601
612,942
243,591
403 152
617,678,
244,724
403 335
615,716
242,136
407 433
627,324
246,290
636,909
246,913
1 152
1 106
1 736
1 307
236 671
21,064
410 054
11 138
13638
11402
13061
14291
13638
14910
15659
12678
13868
14479
13 137
12 806
11 494
13,354
15282
26684
25272
25326
25014
24256
25272
25578
24766
25415
25779
25472
24935
24859
142 170
140 261
141 637
142 106
142 170
161 257
129 438
174 488
145 803
163 927
139 422
174 126
143 742
174 875
145 869
174 488
145 803
144 657
20361
180 307
130 201
145 468
20670
181 012
129 697
148 448
22538
180 948
128 260
149 259
23053
183 531
125726
25 314
150 777
24,039
182 818
119473
25580
133 738
24 312
146 733
21274
174 169
128 525
152 394
24788
188 693
119 922
153 273
;25,807
187 131
123 159
154 983
25,499
193 327
121782
157 174
25630
202 006
126 206
62639
54761
66799
75473
67777
70330
70 720
62314
68702
74853
65722
68889
77 105
68044
68764
75473
67777
70330
80 244
68377
49957
80 175
69223
49522
78961
68*231
49564
77978
66456
50282
76834
65037
48892
72 173
64544
47300
72712
'75068
63 594
47 210
63 456
48,091
74037
62,889
47,745
78420
63296
47,786
S-14
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
IT
1983
Annual
.,
1982
November 1984
1984
1983
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
FINANCE—Continued
BANKING— Continued
Commercial bank credit, seas, adj.:
Total loans and securities <}
bil. $..
U.S. Treasury securities
do
Other securities
do
Total loans and leases 0
do ....
Money and interest rates:
Prime rate charged by banks on
short-term business loans *
percent..
Discount rate (New York Federal
Reserve Bank) @ @
do
Federal intermediate credit bank
loans
do
Home mortgage rates (conventional 1st
mortgages):
New home purchase (U.S. avg.)
percentExisting home purchase(U.S. avg.)
do....
Open market rates, New York City:
Bankers' acceptances, 90 days
do ....
Commercial paper, 6-month $
do ....
Finance co. paper placed directly, 6-mo
do
Yield on U.S. Gov. securities (taxable):
3-month bills (rate on new issue)...percent..
CONSUMER INSTALLMENT CREDIT t
Not seasonally adjusted
Total outstanding (end of period) $
mil $
By major holder:
Commercial banks
do
Finance companies
do
Credit unions .
.
.
.
do
Retailers
do
Savings and loans
do .
By major credit type:
Automobile ..
do
Revolving
... .
do
Mobile home
do
Seasonally adjusted *
Total outstanding (end of period) #
do .
By major holder:
Commercial banks
do
Finance companies
do
Credit unions .
do
Retailers
do
Savings and loans
do
By major credit type:
Automobile
do
Revolving
do
Mobile home
do
Total net change (during period) $
do
By major holder:
Commercial banks
..
..
do
Finance companies
do
Credit unions
do
Retailers
do
Savings and loans
. . .
do
By major credit type:
Automobile
do
Revolving
.
do
Mobile home
do
FEDERAL GOVERNMENT FINANCE
Budget receipts and outlays:
Receipts (net)
mil $
Outlays (net)
... .
do
Budget surplus or deficit (— )
do.... i
Budget financing total
do
Borrowing from the public
do
1,412.0
130.9
239.2
1,042.0
1,568.1
188.0
247.5
1,132.6
1,520.3
176.9
247.1
1,096.3
1,532.9
182.3
246.5
1,104.1
1,548.9
186.2
247.1
1,115.7
1,568.1
188.0
247.5
1,132.6
1,585.4
188.7
252.0
1,144.7
1,604.7
188.2
252.2
1,164.2
1,621.3
186.9
253.2
1,181.1
1,630.1
185.6
250.8
1,193.6
1,649.5
186.1
250.0
1,213.4
1,652.6
181.7
248.2
1,222.7
1,664.7
182.8
247.7
1,234.2
1,675.5
184.8
249.6
1,241.1
1,685.8
183.7
251.0
1,251.1
14.86
10.79
11.00
11.00
11.00
11.00
11.00
11.00
11.21
11.93
12.39
12.60
13.00
13.00
12.97
11.02
8.50
8.50
8.50
8.50
8.50
8.50
8.50
8.50
8.87
9.00
9.00
9.00
9.00
9.00
9.00
13.56
10.60
10.42
10.55
10.61
10.67
10.80
10.84
10.79
10.87
10.97
11.16
11.32
11.32
11.53
11.66
2
14.49
2
12.11
12.29
12.08
12.38
11.80
12.19
11.82
12.11
11.94
11.94
11.80
11.70
11.78
11.73
11.56
11.69
11.55
11.61
11.68
11.63
11.61
11.79
11.91
12.03
11.89
12.24
12.03
12.43
12.29
12.48
3
11.89
3
8.90
8.89
9.23
9.28
9.01
8.98
9.16
9.09
9.52
9.50
9.23
9.18
9.38
9.31
9.88
9.86
10.22
10.22
10.84
10.87
11.04
11.23
11.30
11.34
11.23
11.16
r
11.89
!1.04
10.94
10.13
10.16
3
11.20
8.69
9.09
8.79
8.84
9.11
9.02
9.06
9.38
9.76
10.03
10.25
10.42
10.52
r
!0.55
9.87
f
9.970
2
14.78
3
1
10.686
8.630
9.050
8.710
8.710
8.960
8.930
9.030
9.440
9.690
9.900
9.940
10.130
I 0.490
10.410
355,849
396,082
375,246
379,334
384,410
396,082
394,922
399,177
402,466
407,671
418,080
427,565
435,367
443,537
171,978
102,862
53,471
35,911
21,615
160,973
102,174
51,123
30,926
19,985
163,274
102,338
51,767
31,337
20,472
165,670
102,560
52,578
32,371
21,023
171,978
102,862
53,471
35,911
21,615
171,934
101,680
53,882
34,505
21,823
175,941
101,702
54,851
33,455
22,269
177,625
101,619
55,892
33,208
23,071
181,022
101,119
56,962
33,327
23,957
186,668
102,967
58,517
33,730
24,915
191,519
104,460
59,893
34,206
25,837
195,265
106,219
61,151
34,022
26,767
199,654
106,881
62,679
34,294
27,918
202,452
108,437
63,808
34,426
28,868
131,086
69,998
22,254
142,449
80,823
23,680
139,002
71,039
23,189
140,101
72,105
23,358
141,107
74,032
23,492
142,449
80,823
23,680
143,186
78,566
23,668
146,047
77,671
23,571
146,047
79,110
23,661
147,944
80,184
23,850
152,225
82,436
24,104
155,937
84,598
24,427
159,649
85,588
24,751
162,038
87,788
25,178
164,361
89,742
25,482
373,024
378,117
382,936
388,718
393,187
399,795
405,665
412,073
422,306
430,131
437,237
443,235
447,518
159,429
101,842
50,567
31,555
19,910
162,142
102,312
51,509
31,770
20,347
164,974
102,272
52,421
32,088
20,931
168,951
102,126
53,152
32,625
21,520
170,980
102,060
54,068
33,047
21,884
175,894
102,318
54,780
33,372
22,298
179,316
102,125
56,010
33,727
23,111
183,331
101,775
57,539
34,005
23,979
189,396
103,079
58,992
34,481
24,958
193,231
104,432
59,954
34,952
26,027
196,423
105,834
61,520
34,851
26,874
199,054
106,945
62,364
35,057
27,998
200,438
108,149
63,050
35,189
28,767
137,431
71,209
23,553
2,553
139,140
72,447
23,523
5,093
140,408
73,874
23,459
4,819
141,876
75,564
23,460
5,782
143,982
76,069
23,368
4,469
146,781
77,342
23,241
6,608
147,107
80,304
23,526
5,870
149,265
82,172
23,811
6,408
152,954
84,989
24,113
10,233
155,851
86,558
24,567
7,825
159,273
87,198
25,029
7,106
161,050
88,512
25,602
5,998
162,367
89,836
25,920
4,283
1,709
385
646
225
448
2,713
470
942
215
437
2,832
-40
912
318
584
3,977
146
731
537
589
2,029
66
916
422
364
4,914
258
712
325
414
3,422
-193
1,230
355
813
4,015
-350
1,529
278
868
6,065
1,304
1,453
476
979
3,835
1,353
962
471
1,069
3,192
1,402
1,566
-101
847
2,631
1,111
844
206
1,124
1,384
1,204
686
132
769
295
579
255
1,709
1,238
-30
1,268
1,427
-64
1,468
1,690
1
2,106
505
-92
2,799
1,273
-127
326
2,962
285
2,158
1,868
285
3,689
2,817
302
2,897
1,569
454
3,422
640
462
1,777
1,314
573
1,317
1,324
318
68,019
55,209
52,017
69,282
' 617,766 '600,562
44,464
37459
80,180
45,156
46,200
62,544
47,886
63,556
58,041
1
51,234
88,707
68,433
71,283
728,424 '795,916
73,020
68,687
71,391
70,225
67,792
74,702
68,059
68267
61,610
110 g5§ '-195,354
16,785
11,493 -33,932 -2,000 -16,416 -33,498
21 591 -16,661
5 515 20 38
28 555
1,946 -25,069
1
34,673 -14,811
18,128
3,801
35,284
127,989 '207,711
30,282 -10,833
23,623
5,762
20,588
756
22,270
16,572
4,167
24,540
25,340
5,524
7,568
8,604
' 134,912 '212,424
17,038
15,442
11,732
8,946
23,686
18,172
15,501
9,333 -18,978
26,680 -1,723 -6,412
22,714
27 871
'- 6,923 '-4,713 - 14,686 11,891
13,324
2,416
1,071 -17,924
1
Gross amount of debt outstanding
do . . . . 1,146,987 ' 1,381,886 1 381 8861,389,236 1,393,816 1 415 3431,441,993 1,462,127 1,468,303 1,490,663 1,501,656 1,517,221 1,543,117 1,565,140 1,576,748
1
Held by the public
..
do
929,346 '1,141,771 1,141,771 1,153,502 1,162,448 1,177,948 1,201,634 1,219,806 1,227,376 1,244,414 1,253,018 1,258,542 1,283,081 1,308,421 1,312,589
Budget receipts by source and outlays by
agency:
1
68,019
52,017
55,209
69,282
62,544
44,464
37,459
Receipts (net) total
mil $
617,766 '600,562
47,886
80,180
63,556
45,156
46,200
58041
31,541
25,820
22,398
32,200
25,577
12,895
39,192
4,333
Individual income taxes (net)
do . . 1 298,111 '288,938
23,227
30,961
22,700
33,881 22,191
11,891
801
2,063
11,315
Corporation income taxes (net)
do . .
1,619
7,965
'49,207
'37,022
467
10,922
9,095 ' 280
9,048
468
Social insurance taxes and contributions
1
18,639
21,932
21,361
26,441
19,759
(net)
mil $
16,120
19,963
17,702
26,036
15,706
16,780
21,462
17,240
201,131 '208,994
5,948
6,657
Other
do
6,195
6,008
5,582
5,725
5,902
5,858
6,405
' 69,317
5,753
5,422
'65,609
6,308
6,253
1
51,234
88,707
68,433
71,283
68,267
73,020
71 391
Outlays total #
do
728,424 '795,916
67,792
74,702
68,059
68,687
70,225
61,610
1
2,496
2,400
2,648
2,050
Agriculture Department
do
36,213
3,988
4,266
3,032
3,114
2,725
'46,384
2,637
4,445
2,755
3,561
1
18,354
18,296
19,459
19,123
Defense Department military
do
18,950
19,373
182,850 '205,012
17,445
18,925
17,781
17,939
18,210
16,949
17,508
Health and Human Services
1
7,428
23,594
39,822
27,867
23812
24,143
24,560
Department
mil $
23,297
23,559
24,448
25,635
24,060
251, 259 '276,453
22,307
10,572
11,926
17,568
10,515
Treasury Department
do
17,438
10,066
11,524
10,973
10,665
10,625
'116,24
9,61
9,481
6,556
'110,52
National
Aeronautics
and
502
573
615
626
590
414
522
604
603
Space Adm
do
734
632
63
'6,02
'6,66
543
932
3,148
1,240
3,281
1,199
2,100
3,294
886
2,200
2,047
3,332
Veterans Administration
do
'23,937
1,936
'24,81
1,989
GOLD AND SILVER:
Gold:
Monetary stock, U.S. (end of
11,097
11,120
11,100
11,099
11,098
period)
mil $
11,11
11,109
11,104
11,148
11,12
11,126
11,123
11,11
11,128
11,12
394.264 381.658 377.261 377.665 346.443 347.693 340.913
376.010
423.82
382.245 387.140 370.888 385.95
411.45
393.20
Price at New York tt
dol. per troy oz
Silver:
C
7.263
8.74
7.416
7.613
Price at New York $$
dol. per troy oz
9.220
7.947
11.44
8.837
8.182
9.12
9.65
8.972
9.84
9.12
11.91
See footnotes at end of tables.
12.58
450,131
152,490
98,693
47,253
32,735
15,823
4
11,096
340.1Ci9
7.317
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-15
SURVEY OF CURRENT BUSINESS
November 1984
, T ..
units
1982
1984
1983
Annual
1983
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
FINANCE—Continued
MONETARY STATISTICS
Currency in circulation (end of period)
bil. $..
156.2
'171.9
Money stock measures and components (averages
of daily figures): t
Measures (not seasonally adjusted): t
r
Ml
bil $
458.5
509.1
M2
do
1,878.8 r2,116.0
r
M3
do
2,360.6 '2,599.0
L (M3 plus other liquid assets)...
do.... '2,753.3 '3,041.9
Components (not seasonally adjusted):
Currency
do
129.4
141.9
Demand deposits
do
234.4
241.8
r
Other checkable deposits $$
do....
90.4
120.8
Overnight RP's and Eurodollars 0
do
41.5
52.9
General purpose and broker/dealer
money market funds
do
172.0
145.3
Money market deposit accounts * '
do
340.5
Savings deposits
do
350.5
321.2
Small time deposits @
do
858.9
754.5
r
Large time deposits @
do....
'324.1
307.0
Measures (seasonally adjusted): $
Ml
„. .
do
M2
do....
M3
.
do
L (M3 plus other liquid assets)
do
Components (seasonally adjusted):
Currency
do
Demand deposits
do
Other checkable deposits *
do
Savings deposits
do ....
Small time deposits @
do....
Large time deposits @
do
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Bureau of the Census):
Net profit after taxes, all industries
mil $
71,028
85,834
Food and kindred products
do
8,383
9,436
Textile mill products. . . . .
do
851
1,599
Paper and allied products
do....
1,460
2,327
Chemicals and allied products
do
10,324
11,644
Petroleum and coal products
do
19,666
19^297
Stone, clay, and glass products
do....
408
1,002
Primary nonferrous metal...
do....
-333
-288
Primary iron and steel
do.... -3,705 -3,746
Fabricated metal products (except ordnance,
machinery, and transportion
equipment)
'
mil $
2,320
2,693
Machinery (except electrical)
do
8,038
7,680
Electrical machinery, equipment,
and supplies
do
6,449
6,367
Transportation equipment (except motor
vehicles, etc.)
mil $
2,566
3,011
Motor vehicles and equipment
do
734
7,168
All other manufacturing industries
do
13,867
17,644
Dividends paid (cash), all industries
. .
do
41,259
41,624
SECURITIES ISSUED @@
Securities and Exchange Commission:
Estimated gross proceeds, total
mil $
73,428 101,837
By type of security:
Bonds and notes, corporate
..do....
44,004
47,905
Common stock
do
23,202
44,857
Preferred stock
do
4,950
7,508
By type of issuer:
Corporate total #
mil $
72,155 100,270
Manufacturing
do
13,237
22,675
Extractive (mining)
do....
6,923
8,580
Public utility
do
16,408
12,092
Transportation
do •
2,091
4,161
Communication
do
3,894
5,508
Financial and real estate
do....
23,094
34,644
State and municipal issues (Bond Buyer):
Long-term
do
77,179
83,348
Short-term . .... .
do
43,390
35,849
SECURITY MARKETS
Stock Market Customer Financing
Margin credit at brokers, end of year
or month
mil. $
13,325 23,000
Free credit balances at brokers:
Margin accounts
do
6,620
5,735
Cash accounts
do
8,430
8,390
Bonds
Prices:
Standard & Poor's Corporation:
High grade corporate:
Composite §
dol per $100 bond
35.8
41.2
Domestic municipal (15 bonds)
do...,
41.8
51.4
Sales:
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $.. 7,155.44 7,572.32
See footnotes at end of tables.
175.1
168.7
1719
162.8
'542.7
'546.3
'545.6
'547.5
'522.0
'528.2
'543.3
'535.0
'522.4
'526.8
'537.9
'535.0
516.3
'2,142.3 '2,167.2 '2,181.3 '2,198.1 '2,210.6 '2,212.5 '2,231.0 '2,254.7 '2,253.5 '2,273.9 '2,287.0 '2,288.5 '2,299.3
'2,633.7 '2,657.6 '2,690.4 '2,716.5 '2,729.7 '2,739.7 '2,769.0 '2,800.9 '2,813.6 '2,838.2 '2,859.3 '2,870.2 '2,884.6
'3,088.0 '3,112.4 '3,148.4 '3,189.4 '3,212.9 '3,233.1 '3,279.9 '3,310.8 '3,326.2 '3,367.4 '3,399.0
546.0
2,316.3
2,914.1
156.5
'245.3
139.1
156.8
245.0
139.2
154.9
247.0
138.3
156.3
247.5
138.0
156.5
242.9
137.6
144.3
242.0
125.0
145.7
244.8
127.1
147.9
245.2
129.0
150.5
251.6
131.3
148.4
249.4
132.6
148.3
237.9
131.1
149.8
239.4
134.2
151.5
247.8
139.1
152.9
241.3
135.9
53.5
57.0
55.2
56.2
58.6
59.5
58.3
57.5
59.1
56.5
'56.9
'58.8
'56.7
56.5
150.5
150.5
151.9
155.5
'389.2
'306.7
'843.9
'384.5
'383.8
'299.7
'860.2
'392.5
'383.4
'296.7
'871.9
'395.6
386.9
295.8
883.4
405.0
'548.9
'546.7
'546.3
'545.8
'541.2
'530.1
'533.0
'535.3
'535.5
'2,206.8 '2,222.6 '2,230.0 '2,242.9 '2,258.6 '2,272.1 '2,281.9 '2,291.1 '2,305.7
'2,723.8 '2,747.0 '2,767.8 '2,792.4 '2,818.3 '2,839.5 '2,860.5 '2,872.1 '2,890.3
'3,201.4 '3,231.6 '3,273.6 '3,299.3 '3,330.3 '3,371.3 '3,407.0
545.6
2,317.0
2,916.0
156.7
'246.4
140.8
'298.9
'874.5
'392.9
157.2
243.8
139.5
297.4
884.9
401.1
137.8
137.5
138.8
138.2
137.8
142.1
144.8
145.9
146.5
148.9
369.5
316.2
756.3
r
314.3
370.5
316.0
771.4
'317.4
372.9
312.0
783.1
'323.3
376.0
308.5
788.6
'329.2
380.3
307.4
799.4
'334.6
386.0
305.2
805.4
'340.5
392.5
307.2
807.6
'346.9
396.4
308.7
810.7
'351.6
394.6
308.2
817.6
'364.6
392.9
'308.5
'829.0
'375.1
'525.4
-•519.0
'521.7
'523.1
'2,148.0 '2,167.3 '2,182.2 '2,196.3
r
2,639.1 '2,658.9 '2,689.3 '2,710.4
'3,100.2 '3,116.4 '3,147.2 '3,178.7
144.8
243.0
126.5
317.9
759.0
r
312.7
146.0
243.6
127.3
317.1
773.0
'315.1
147.2
242.8
128.3
315.4
785.5
'320.3
148.0
243.7
128.9
312.9
793.1
'325.4
149.9
244.5
130.8
309.9
797.0
'333.0
150.2
243.8
134.0
306.6
800.9
'339.9
150.9
244.0
135.4
305.5
803.4
'347.9
151.8
245.3
133.3
305.5
808.3
'355.5
152.9
245.2
138.0
305.5
816.7
'367.3
154.2
248.2
138.8
'305.1
829.0
'378.8
23,229
2,555
487
685
3,217
5,492
544
4
-570
25,009
3,001
396
655
2,691
5,638
382
-171
-1,801
26,463
2,368
413
629
3,706
4,476
162
219
214
30,992
2,539
508
942
3,976
4,882
612
305
374
746
1,870
853
2,769
966
2,159
1,359
3338
1,584
2,181
2,228
1,875
818
1,438
775
2,498
960
3,318
156.0
155.0
247.1
245.5
138.5 : 139.9
'303.0 i '299.8
'845.2 i| '862.0
'389.0
'391.9
1,220
3,446
4,367
5142
4645
5,616
10,362
10,965
11 169
11,211
6,649
6,053
7,242
6,215
8,026
10,388
5,915
5,393
5,377
4,603
6,427
7,180
2,680
3,126
644
2,433
3,320
300
3,316
3,444
433
2,443
3,234
288
5,067
2,456
305
7,694
2,080
515
3,601
1,764
302
3,472
1,582
339
1,672
1,600
604
2,820
1,608
174
5,128
1,109
189
5,142
1,706
333
6,450
1,491
476
843
178
103
2,252
6,054
1,159
409
1,012
305
56
2,490
7,193
596
1,124
1,128
303
12
3,530
5,965
1,267
360
433
508
12
2,682
7,828
615
823
467
64
239
4,380
10,289
764
132
429
89
20
7,750
5,667
409
384
533
279
217
3,373
5,393
1,195
1,005
582
120
94
1,827
3,877
924
567
115
84
16
1,526
4,603
167
117
485
175
161
2,904
6,427
882
573
785
68
97
3,347
7,180
2,395
316
144
182
122
2,910
5,806
2,397
6,668
3,382
5,898
1,983
9,137
1,977
4,931
2,492
4,532
2,253
5,069
3,393
5,134
6,158
6,624
2,323
6,875
3,775
6,280
2,589
9,805
2,511
6,556
1,905
20,124
21,030
22,075
23,000
23,132
22,557
22,668
22,830
22,360
23,450
22,980
22,810
22,800
6,550
7,930
6,630
7,695
6,512
7,599
6,620
8,430
6,510
8,230
6,420
8,420
6,520
8,265
6,450
7,910
6,685
8,115
6,430
'8,305
6,430
'8,125
6,855
8,185
6,689
8,315
39.7
50.8
40.0
50.4
39.3
49.6
38.6
49.1
(2)
51.8
50.5
49.0
48.6
45.9
45.2
46.1
48.4
47.7
46.9
513.37
530.06
601.30
566.58
579.24
552.79
644.69
561.99
534.20
593.47
495.72
651.67
498.96
550.96
S-16
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1382
Annual
,, - t
1982
November 1984
1984
1983
1983
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
FINANCE—Continued
Bonds—Continued
Yields:
Domestic corporate (Moody's)
percent
By rating:
Aaa
do
Aa
do
A
.
do
Baa
do
By group:
Industrials
do
Public utilities
do
Railroads
...
do
Domestic municipal:
Bond Buyer (20 bonds)
do
Standard & Poor's Corp. (15
bonds)
do...
U.S. Treasury bonds, taxable $
do....
Stocks
Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
Transportation (20 stocks)
Standard & Poor's Corporation: §
Combined index (500 Stocks)
1941-43 = 10..
Industrial, total (400 Stocks) #
do
Capital goods (105 Stocks)
.do ....
Consumer goods (191 Stocks)
do....
Utilities (40 Stocks)
do....
Transportation (20 Stocks) <>.. 1982=100...
Railroads (6 Stocks)
1941-43=10..
Financial (40 Stocks)
1970=10..
New York City banks (6 Stocks)
1941-43 = 10...
Banks outside NYC (10 Stocks)
do....
Property-Casualty Insurance (5 Stocks)
do
N.Y. Stock Exchange common stock indexes:
Composite
12/31/65-50..
Industrial
do ....
Transportation
do
Utility
.
...
do
Finance
do ....
Yields (Standard & Poor's Corp.):
Composite (500 stocks) ....
percent
Industrials (400 stocks)
do
Utilities (40 stocks)
do
Transportation (20 stocks)
do
Financial (40 stocks)
do
Preferred stocks, 10 high-grade
do ....
Sales:
Total on all registered exchanges (SEC):
Market value
mil $
Shares sold
millions
On New York Stock Exchange:
Market value
mil $
Shares sold (cleared or settled)
millions
New York Stock Exchange;
Exclusive of odd-lot and stopped stock
sales (sales effected)
millions.
Shares listed, NYSE, end of period:
Market value, all listed shares
bil $
Number of shares listed
millions.
1494
1278
1291
1279
12 93
13 07
1
12 92
1288
1333
1359
14 13
1440
1432
1378
1356
13.33
13 79
14 41
1543
16 11
1204
12 42
13 10
1355
12 37
12 62
13 11
1355
12 25
12 49
1297
1346
12 41
12 61
1309
1361
12 57
12 76
13 21
1375
1
12 20
1271
13 13
1365
12 08
1270
13 11
1359
12 57
13 22
1354
1399
12 81
13 48
1377
1431
13 28
14 10
1437
1474
13 55
1433
1466
1505
1344
14 12
1457
1515
1287
1347
1413
1463
1266
1327
1394
1435
1263
13.11
18.61
13.94
14 54
1533
1368
12 25
1331
1208
12 46
13 35
1204
12 39
13 19
1208
12 54
13 33
1235
12 66
13 48
1246
12 63
13 40
1241
12 60
1350
1228
13 00
1403
1254
13 25
1430
1281
1372
1495
1325
1403
15 16
1331
1409
1492
1360
1361
1429
1382
1342
1404
13.68
1310
13.68
13.44
11 56
952
9 46
9 79
9 82
9 76
9 51
986
993
999
11 07
1076
992
10 17
1015
1055
12.89
1071
13.00
10.55
12.82
10.03
12.23
10.17
11.97
11 57
12.23
34540
88436
11195
35981
948
10.84
957
11.26
964
11.21
979
11.32
990
11.44
1
961
11.29
963
11.44
992
11.90
998
12.17
474.53
470.05
472.11
43611
432.58
47224
45829
44649
49130
50044
50346
501 80
456 10
45000
50280
1 190 34 1 237 04 1 252 20 1 250 00 1 257 64 1 258 89 1 164 46 1 161 97 1 152 71 1 143 42 1 121 14 1 113 27 1 212 82 1 213 51 1 199 30
140.84
12823
13283
12998
13247
12574
12645
12396
12479
13835
13774
13273
13247
12758
12749
523.36
51786
51618
54461
571 17
47256
58228
59721
59727
59308
51578
50934
49647
48928
46374
119.71
13357
119.98
109.37
5478
100.00
74.82
14.30
160.41
18049
171.62
150.77
6487
147.05
108.46
18.70
167.16
18861
182.89
155.43
66.00
157.79
121.86
18.91
167.65
18900
183.09
160.20
69.10
158.30
120.37
18.29
165.23
18586
178.25
158.41
68.95
160.49
119.43
18.10
164.36
18518
179.19
154.82
66.95
159.52
116.19
18.16
166.39
18750
179.05
156.39
68.50
156.11
112.90
18.35
157.25
177 14
164.27
145.88
66.25
138.50
102.29
17.28
157.44
17785
173.64
144.55
6525
137.88
103.41
17.13
157.60
17857
173.91
143.77
6434
135.43
103.58
16.99
156.55
17760
172.27
143.83
6494
132.37
100.93
16.23
153.12
17420
164.52
146.14
64.00
126.55
94.36
15.14
151.08
17170
160.02
145.42
64.66
122.04
90.53
14.66
164.42
18686
175.77
155.47
68.11
138.37
100.83
16.65
166.11
18810
178.04
157.28
69.71
138.71
103.03
17.43
164.82
185.44
174.36
155.92
72.02
137.90
101.35
17.62
54.76
95.87
69.23
113.16
68.47
118.31
63.28
111.76
64.57
108.15
65.97
111.52
69.65
114.51
69.51
108.81
66.38
103.67
63.02
98.94
61.38
92.76
55.33
82.34
53.75
80.23
60.23
86.67
64.64
92.49
64.79
921.27
14301
181 16
18665
18544
18320
18438
18286
18106
18954
19570
18067
16867
15496
17250
184.11
184.36
6893
78.18
6041
3974
7199
9263
10745
8936
4700
9534
9670
11276
9456
4816
9700
9678
11287
9541
4873
9479
9536
11077
9768
4850
9448
9492
11065
9879
4700
9425
9616
112.16
9798
4743
9579
90.60
105.44
8633
4567
8995
90.66
105.92
8610
4483
89.50
90.67
106.56
8361
4386
8822
90.07
105.94
81 62
4422
85.06
88.28
104.04
7929
4365
80.75
87.08
102.29
76.72
44.17
79.03
94.49
111.20
8686
46.49
87.92
95.68
112.18
86.88
47.47
91.59
95.09
110.44
86.82
49.02
92.94
581
548
1039
432
592
12.53
440
4 04
924
285
4 79
11.02
424
3 91
9 11
265
4 72
11.06
425
3 91
8 75
264
4 90
10.97
431
3 93
8 80
260
4 98
11.12
432
3 75
9 41
261
5 00
11.49
427
3 71
9 25
268
4 98
11.35
459
4 00
958
312
5 31
11.16
463
4 02
979
307
532
11.39
464
4 02
9 94
318
540
11.66
472
4 11
982
326
5 44
11.72
486
423
1000
342
578
12.04
493
429
996
355
6 15
12.13
462
401
953
330
550
11.77
4.54
396
931
325
526
11.65
11.62
596 670
22414
957 118
20 147
80 476
2399
81 970
2446
80 021
2327
84 384
9 638
85744
2 619
90 740
2863
82 499
2549
68 955
2200
78020
2459
75722
2414
62155
2124
106 241
3404
514 263
815 113
68 440
69341
68 166
71 813
72721
79282
71378
58610
66391
64956
53271
91804
18 211
24 253
1 946
1 965
1 883
2 131
2 129
2 412
2 100
1810
2026
2001
1758
2848
16458
21 590
1740
1794
1 815
1849
2216
i,933
1855
1,717
1,940
1,804
1,662
2,528
1,769
2,109
1 305 36 1 584 16 1 591 43 1 563 58 1 605 56 1 584 16 1 576 88 1 508 23 1 525 56 1 534 73 1 450 41 1 463 44 1 439 12 1,589.04 1,585.23 1,582.58
48,892
48,806
48,828
48,267
48,515
39,516
45,723
46,825
46,938
47,287
48,035
45,118
43,888
44,920
44,276
45,118
FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTS
Exports (mdse.), iricl. reexports,
total @
Excl. Dept. of Defense shipments
Seasonally adjusted
By geographic regions:
Africa .
Asia
Australia and Oceania
Europe
..
Northern North America
Southern North America
South America
..
By leading countries:
Africa:
Egypt
....
Republic of South Africa
Asia; Australia and Oceania:
Australia, including New
Guinea
Japan
See footnotes at end of tables.
10.34
11.66
mil $ 212 274 6 200 537 7 16 845 3 17 250 8 16 817 1 17 509 9 17 165 5 17 014 9 19 607 8 17 782 6 18 737 5 18 381 3 18 363 4 173117 17 601 1
do.... 212,193.1 200,485.8 16,844.0 17,244.4 16,812.2 17,501.4 17,161.6 17,013.4 19,606.7 17,779.1 18,735.6 18,379.8 18,361.1 17,309.6 17,599.4
do
17 256 7 17 032 8 17 063 2 17 297 6 18 326 6 17 211 9 17 727 2 17 521 5 17 949 8 17 633 0 19 442 4 18 036 1 18 177 0
do
do
do
do
do
do . .
do
10 271 1
64 822 2
56997
63 664 2
33 723 6
18 332 1
15 256 5
do
do....
do....
do ....
8 767 7
63 813 4
4 826 5
58 871 0
38 245 3
15 204 8
10 520 0
8122
5437 7
399 3
4 467 9
34220
13423
9079
5937
5 4287
429 9
50225
35167
13625
8734
28754
2,368 2
28128
21294
2708
1935
1737
1734
4,600 7
20,966.1
40379
21,894 3
3307
1,948 4
3517
2,004.2
8053
5657 0
3724
51155
33055
1229 1
10043
712 1
5083 3
4736
52323
34779
13634
8116
6590
4 945 7
4272
50361
36838
14446
810 1
8140
5 694 2
4953
59738
4 1830
1 5438
891 2
1844
2052
2055
1873
2645
2106
1984
1765
2660
231 1
1819
2450
344.5
2,095.1
3045
2,085.6
4017
1,853.5
3686
1,813.3
4135
2,028 0
3119
18725
623 0
5 390 1
*4080
48243
34378
1 2572
856 1
692 1
56043
5626
48423
40942
1,583 5
9808
7949
58580
5517
48999
3689 1
1 579.9
9857
7276
52781
3858
46199
37123
1,615 1
9488
8854
49149
5237
5091 1
36456
1,538.4
944 1
2324
2125
1556
2069
2498
2154
2964
1776
3106
1510
4102
1 9863
4627
2,031.0
4700
2,158.2
3202
1,906.3
4563
1,767.6
6858
8201
5 203 8 5359 5
4863
3793
51602 50854
39926 45873
14646 1,502 4
845 1
8629
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-17
SURVEY OF CURRENT BUSINESS
November 1984
..
vnns
1984
1983
Annual
IT
1982
1983
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar,
Apr.
May
June
July
Aug.
Sept.
FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF EXPORTS— Continued
Exports (mdse.), incl. reexports— Continued
Europe:
France.. .
mil $
7,110.4
German Democratic Republic
do
222.8
Federal Republic of Germany
do
9,291.3
Italy
do
4,616.1
Union of Soviet Socialist Republics
do
2,587.3
United Kingdom..
. .
do
10,644.7
North and South America:
Canada
do
33,720.2
Latin American republics,
total #.
do
30,086.3
Brazil
.
do
3,422.7
Mexico
do
11,816.9
Venezuela
do
5,206.2
Exports of U S merchandise total §
do
207,157.6
Excluding military grant-aid
do . . . . 207,076.2
Agricultural products, total
do
36,622.6
Nonagricultural products, total
do .... 170,535.0
By commodity groups and principal
commodities:
Food and live animals #
mil $
23,950.4
Beverages and tobacco
do
3,026.2
Crude materials, inedible, exc.
fuels #
do
19,248.4
Mineral fuels, lubricants, etc. #
do.... 12,728.8
Oils and fats, animal and vegetable
do
1,540.9
Chemicals
do . 19,890.5
Manufactured goods #
do .... 16,739.2
Machinery and transport equipment,
total
mil $
87,148.1
Machinery, total #
do
59,324.2
Transport equipment total
do
27,823.9
Motor vehicles and parts
do.... 13,906.8
VALUE OF IMPORTS
General imports total
do
' 243,951.9
Seasonally adjusted
...
do
By geographic regions:
1
Africa
do
17,770.1
Asia
do
'85,169.5
Australia and Oceania
do
' 3,130.5
1
Europe
...
do
53,412.7
Northern North America
do
' 46,497.7
1
Southern North America
do .... 23,525.0
South America
do .... 1 14,444.1
By leading countries:
Africa:
1
Egypt
do
547.2
1
Republic of South Africa
do
1,966.8
Asia; Australia and Oceania:
Australia, including New
1
Guinea
.
mil $
2,304.6
1
Japan
do
37,743.7
Europe:
1
France.. . .
do
5,545.3
German Democratic Republic
do
'53.9
Federal Republic of Germany
do
'11,974.8
Italy
do
'5,301.4
Union of Soviet Socialist Republics
do
'227.6
United Kingdom
do.... '13,094.8
North and South America:
Canada
- •
do
'46,476.9
Latin American republics,
total #
>
do
'32,512.6
Brazil . . . .
...
do
'4,285.3
Mexico
do
' 15,565.9
Venezuela . . . .
....
do
'4,767.7
By commodity groups and principal
commodities:
'15,421.7
Nonagricultural products, total
do . . . .'228,530.2
Food and live animals $
do
' 14,452.7
Beverages and tobacco
do
'3,364.0
Crude materials, inedible, exc.
fuels #
do
'8,589.4
Mineral fuels, lubricants, etc
do .... '65,409.2
Petroleum and products
do
'59,396.4
Oils and fats, animal and vegetable
do
'405.8
Chemicals
do
'9,493.5
Manufactured goods $
do
'33,148.4
Machinery
and
transport
equipment
.. .
do
'73,319.6
Machinery total 4£
do
'39,456.8
Transport equipment
do
'33,862.8
Automobiles and parts
do... '29,360.6
See footnotes at end of tables.
4 5 8 - 6 8 9 O - 84 -
S3 : QL 3
5,961.3
139.0
8,736.7
3,907.5
439.5
10.3
681.5
258.1
497.9
13.3
746.6
308.3
424.6
22.0
740.2
297.5
483.5
13.4 \
727.9
331.1
549.1
13.5
816.5
379.9
506.9
17.6
770.4
374.9
541.4
16.5
830.0
440.4
485.1
3.8
801.3
384.1
512.5
18.0
699.1
376.5
511.3
1.0
731.4
381.0
487.7
13.4
730.1
335.5
467.5
7.2
644.6
324.9
464.0
6.1
725.4
326.2
2,002.9
10,621.2
68.5
810.6
247.6
999.5
250.8
823.9
308.8
866.5
189.4
870.9
185.3
1,033.3
338.6
1,043.0
348.8
964.8
261.7
1,020.2
91.9
1,025.3
117.3
970.7
260.6
1,021.4
361.8
1,038.4
-38,244.1
3,421.8
3,516.7
3,437.7
3,305.3
3,477.8
3,683.8
4,182.7
3,992.4
4,587.0
4,093.9
3,688.9
3,712.2
3,645.5
22,618.4 1,953.5 1,960.1 1,876.0 1,994.9 1,937.4 1,993.4 2,168.4 2,031.8 2,075.6 2,299.1 2,294.6 2,284.1 2,172.3
231.7
237.0
253.0
249.7
183.6
189.5
187.5
161.5
163.6
196.4
205.6
236.0
2,557.1
200.5
957.5
938.9 1,017.2 1,015.3 1,054.8
960.7
945.4
723.7
846.2
973.7
788.4
755.9
9,081.6
775.8
239.2
293.1
305.5
279.9
281.5
230.8
234.8
200.7
309.8
298.0
225.2
242.6
368.6
2,811.3
195,969.4 16,480.2 16,798.4 16,418.2 17,107.0 16,686.6 16,589.0 19,092.3 17,333.3 18,251.8 17,926.3 17,884.3 16,853.9 17,100.0
195,917.5 16,478.9 16,791.9 16,413.3 17,098.6 16,682.7 16,587.5 19,091.2 17,329.8 18,249.9 17,924.8 17,882.0 16,851.8 17,101.7
36,107.7
2,973.1 3,175.5 3,479.5 3,499.2 3,546.5 3,360.6 3,823.3 3,181.0 3,193.4 2,563.0 2,688.3 2,586.7 2,916.4
159,861.6 13,507.1 13,622.9 12,938.7 13,607.8 13,140.1 13,228.4 15,269.0 14,152.3 15,058.4 15,363.3 15,196.0 14,267.2 14,183.6
24,166.0
2,813.0
2,122.9
207.4
2,158.8
266.5
2,242.6
375.7
2,182.0
288.1
2,159.0
198.5
1,938.9
231.4
2,239.2
238.0
1,939.7
211.1
1,981.3
168.5
1,6T6.8
202.9
1,976.7
177.9
1,985.3
146.0
2,355.1
231.1
18,596.0
9,499.9
1,491.4
821.0
1,548.6
777.0
1,608.8
680.6
1,813.1
751.8
1,867.1
582.4
1,836.4
502.2
2,075.5
790.1
1,766.5
758.8
1,853.7
901.1
1,608.7
871.6
1,473.8
764.8
1,376.3
877.6
1,211.1
819.6
1,459.0
19,750.9
14,852.0
157.0
1,609.8
1,250.7
80.9
1,754.5
1,277.7
120.7
1,592.4
1,273.8
137.4
1,706.2
1,194.8
168.9
1,759.7
1,248.0
170.3
1,708.8
1,203.7
237.6
1,863.8
1,364.3
131.9
1,728.4
1,213.5
182.7
1,860.3
1,393.4
144.4
2,066.1
1,312.1
168.8
2,054.3
1,246.3
111.9
1,887.4
1,259.6
143.8
1,864.6
1,244.8
82,577.8
54,308.5
28,269.3
14,462.8
6,792.5
4,646.0
2,146.5
1,250.6
7,037.8
4,928.2
2,109.6
1,377.5
6,749.8
4,579.4
2,170.4
1,314.6
7,263.4
4,614.4
2,649.0
1,222.9
6,806.9
4,714.7
2,092.2
1,315.5
6,997.6
4,598.1
2,399.5
1,459.3
8,042.0
5,407.9
2,634.0
1,682.2
7,493.4
4,987.9
2,505.5
1,553.6
7,738.9
5,210.2
2,528.7
1,672.6
7,815.4
5,232.0
2,583.3
1,464.9
7,629.3
5,083.6
2,545.7
1,345.4
6,855.1
4,905.9
1,949.2
1,241.6
7,214.8
4,819.7
2,395.1
1,393.7
258,047.8 21,736.3 25,130.2 23,304.7 21,677.6 26,496.8 25,117.8 27,731.3 28,159.6 26,607.3 25,964.4 31,565.1 27,042.6 27,852.6
22,451.4 24,332.8 23,114.7 22,975.7 26,586.1 26,147.1 26,770.9 28,368.0 25,568.8 25,355.8 31,882.8 26,567.3 29,429.8
1,166.5 1,231.4 1,200.8 1,164.2
9,608.8 13,038.3 10,680.8 10,509.8
278.2
287.8
372.0
289.3
5,504.2 7,278.8 6,099.7 6,305.9
5,751.7 5,403.3 4,914.2 • 5,587.8
2,005.8 2,299.3 2,128.4 2,136.0
1,638.0 1,941.9 1,730.8 1,870.6
14,424.6
91,463.5
3,043.5
55,243.0
55,149.6
25,731.0
15,991.9
1,413.7
7,669.8
271.0
4,391.2
4,322.3
2,175.4
1,492.8
1,258.7
9,703.4
286.0
5,040.3
4,673.8
2,612.2
1,555.8
1,190.0
8,896.8
238.9
4,739.1
4,737.5
2,226.7
1,275.5
958.3
7,950.5
275.2
4,359.5
4,816.1
2,039.1
1,278.8
1,086.8
9,829.5
247.0
6,030.3
5,219.8
2,279.6
1,803.8
1,454.7
8,397.9
279.3
5,465.0
5,387.1
2,425.1
1,708.6
1,337.9
9,690.7
269.9
6,695.1
5,558.5
2,518.5
1,660.6
1,460.6
9,892.0
269.1
6,441.3
5,839.3
2,483.7
1,773\5
1,178.2
9,850.7
254.7
5,700.2
5,712.5
2,087.3
1,823.7
302.7
2,027.3
33.4
185.3
23.6
166.6
16.5
205.0
15.9
87.8
35.0
202.4
5.0
442.3
4.5
181.1
6.6
274.8
11.6
193.4
13.7
175.9
39.4
204.9.
6.9
184.4
27.6
187.9
2,247.5
41,183.2
201.4
2,975.7
233.8
4,070.7
184.5
4,025.7
225.2
3,807.0
197.1
4,613.8
217.9
3,634.2
186.1
4,758.2
190.7
4,638.0
192.9
4,889.1
230.7
4,504.3
274.8
6,259.6
214.0
5,084.6
207.6
4,940.1
6,025.0
58.1
12,695.3
5,455.3
514.6
3.2
887.6
442.1
571.9
5.1
1,215.6
451.1
456.1
7.2
1,222.9
448.6
427.5
3.9
1,086.3
445.6
787.3
8.4
1,629.1
551.5
498.2
6.1
1,197.1
653.2
710.1
8.0
1,598.7
675.4
607.9
5.0
1,570.0
640.7
656.8
9.0
1,356.1
564.6
529.0
11.1
1,247.1
572.6
943.9
1-5.0
1,423.8
820.0
712.9
12.9
1,270.4
781.3
771.5
15.9
1,593.7
771.2
346.5
12,469.6
51.7
1,106.6
36.6
1,122.5
28.4
1,005.5
23.9
911.2
28.8
1,174.2
52.1
988.7
52.1
1,280.9
33.5
1,367.9
28.0
1,055.7
28.6
1,131.8
24.1
1,476.4
80.6
1,165.4
45.9
1,144.7
52,129.7
4,320.1
4,671.5
4,737.2
4,813.3
5,219.1
5,385.6
5,557.8
5,838.5
5,712.1
5,744.4
5,402.5
4,913.8
5,585.8
35,682.9
4,946.1
16,776.1
4,938.1
3,111.6
443.8
1,382.8
456.0
3,422.2
553.1
1,573.6
493.6
2,956.6
432.5
1,438.9
385.9
2,886.5
425.8
1,379.9
386.9
3,492.3
592.1
1,368.1
501.7
3,583.3
494.8
1,570.1
615.4
3,569.7
604.7
1,622.4
414.4
3,799.0 3,526.3
591.9
640.6
1,707.9 1,381.3
536.9 . 610.7
3,326.7
493.7
1,444.7
619.5
3,778.5
747.8
1,560.7
568.3
3,399.1
726.8
1,410.4
507.0
3,558.9
682.3
1,465.3
580.1
16,534.1 1,272.1 1,521.5 1,371.4 1,350.4
1,684.7 1,669.3 1,774.6 1,866.7 1,690.5 1,345.1 1,816.4 1,584.7 1,628.8
241,513.7 20,464.2 23,608.6 21,933.3 20,327.3 24,812.1 23,448.5 25,956.7 26,292.9 24,916.8 24,619.3 29,748.7 25,457.9 26,223.8
15,411.7 1,230.8 1,411.3 1,254.4 1,291.5 1,471.3 1,488.7 1,606.0 1,702.2 1,496.8 1,263.6 1,629.6 1,411.1 1,496.0
299.8
306.5
372.7
263.9
312.3
325.7
284.4
259.4
335.4
310.2
3,407.6
299.0
288.0
235.1
9,590.1
57,952.2
52,325.2
837.9
5,571.3
5,239.3
907.3
5,871.6
5,483.0
893.0
4,950.7
4,592.6
767.3
4,417.1
3,869.2
856.6
5,089.2
4,492.0
966.1
5,006.2
4,483.2
919.4
5,323.0
4,832.0
954.2
5,628.6
5,249.7
989.1
4,695.9
4,294.7
897.7
5,206.2
4,830.3
998.7
5,434.2
5,123.1
868.1
4,886.0
4,579.9
1,014.4
4,663.4
4,333.3
495.0
10,779.4
34,833.1
43.5
845.0
3,024.8
46.9
1,020.8
3,300.8
,- 63.6
944.8
3,107.5
55.9
854.6
2,849.1
82.9
1,027.3
3,773.3
45.4
1,047.5
3,796.6
57.7
1,215.0
3,876.9
45.0
1,309.4
3,738.1
63.8
1,122.0
3,784.5
38.4
1,031.83,583.4
48.3
1,270.3
4,601.1
69.1
1,092.7
3,949.2
64.8
1,254.8
4,032.6
86,131.1
46,974.9
39,156.2
35,034.1
6,436.1
3,840.2
2,595.9
2,322.5
8,414.5
4,841.6
3,572.9
3,252.0
8,448.2
4,695.4
3,752.8
3,466.5
8,123.8
4,249.7
3,874.1
3,519.5
9,881.4
5,373.1
4,508.4
3,912.0
8,237.3 10,313.8 10,202.2 10,259.0
4,577.2 5,777.2 5,644.0 5,483.8
3,660.1 4,536.6 4,558.1 4,775.2
3,319.2 4,029.5 4,083.1 4,358.9
9,605.1 11,631.0
5,414.9 7,225.7
4,190.3 4,405.3
3,793.0 3,797.2
9,816.7 10,302.1
6,007.7 6,141.8
3,809.0 4,160.3
3,410.8 3,665.3
Oct.
S-18
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
IT
..
1982
November 1984
1984
1983
Annual
1983
Oct.
Sept.
Nov.
Jan.
Dec.
Apr.
Mar.
Feb.
June
May
Sept.
Aug.
July
Oct.
FOREIGN TRADE OF THE UNITED STATES—Continued
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Unit value
1977 — 100
154 1
152 5
Quantity
do
1078
115 1
Value
do
1662
175 6
General imports:
Unit value
do
160 6
167 5
Quantity ..
do
110 3
99 9
Value
do
177 1
1674
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight
thous sh tons 400 896 r361 404
Value ..
mil $
115 885 100 651
General imports:
1
Shipping weight
thous sh tons 1 376 232 r366 426
Value
mil. $.. 155,513 155,311
154 9
1083
1677
156 6
109 1
1709
156 5
106 7
1670
155 8
111 7
174 0
157 4
107 8
1698
158 1
106 8
1688
157 0
123 8
1943
157 9
111 7
176 4
158 3
117 4
1858
1587
114 9
1824
157 1
1158
1820
1560
1099
171 5
1563
111.3
174.0
1609
111 2
1790
160 7
128 8
2069
161 0
119 2
191 9
1627
109 T
178 5
162 6
134 2
2182
161 5
128 1
2068
163 7
139 5
2284
164 1
141 3
2319
164 6
133)1
219 1
164 4
130 1
2138
164 1
1584
2599
1645
1353
2227
1646
1393
2294
31028
8377
30 520
8524
30222
8*519
31 864
8891
29 192
8618
25576
7797
31768
9289
30206
8247
33256
8798
30864
8263
35 595
13,237
38 810
15,641
32 237
14,195
28 263
12,567
33 174
15,797
33 028
14,263
35 104
16,416
37 682
16,586
31 961
15,729
32438
14,971
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers (Scheduled Service)
Certificated route carriers:
Passenger-miles (revenue)
bil
Passenger-load factor
percent
Ton-miles (revenue) total
mil
Operating revenues (quarterly) # §
mil $
Passenger revenues
do
Cargo revenues
do
Mail revenues
do
Operating expenses (quarterly) §
do
Domestic operations:
Passenger-miles (revenue)
bil
Cargo ton-miles
mil
Mail ton-miles
do
Operating revenues (quarterly) §
mil $
Operating expenses (quarterly) §
do
Net income after taxes (quarterly) §
do
International operations:
Passenger-miles (revenue)
bil
Cargo ton-miles
mil
Mail ton-miles
do
Operating revenues (quarterly) §
mil $
Operating expenses (quarterly) §
do
Net income after taxes (quarterly) §
do
Urban Transit Systems
Passengers carried, total
mil
Motor Carriers
Carriers of property, large, class I, qtrly.:
Number of reporting carriers
Operating revenues total
mil $
Net income, after extraordinary and prior
period charges and credits
mil $
Tonnage hauled (revenue), common and
contract carrier service
mil tons
Freight carried —volume indexes, class I and II
intercity truck tonnage (ATA):
Common carriers of general freight,
seas adj
1967 — 100
Class I Railroads t
Financial operations, qtrly. (AAR), excl. Amtrak:
Operating revenues, total #
mil $
Freight .
do
Passenger, excl. Amtrak
do
Operating expenses
do ...
Net railway operating income
do
Ordinary income
do
Traffic:
Revenue ton-miles qtrly (AAR)
bil
Price index for railroad freight
1969=100 ..
Travel
Lodging industry:
Restaurant sales index same month 1967 — 100
Hotels' Average room sale ^)
dollars
Rooms occupied
% of total
Motor hotels* Average room sale Q
dollars
Economy hotels:* Average room
sale Q
Rooms occupied *
Foreign travel:
U.S. citizens: Arrivals (quarterly)..
Departures (quarterly)
Aliens: Arrivals (quarterly)
Departures (quarterly)
Passports issued
National parks recreation visits # #
See footnotes at end of tables.
259 64 2281 15
607
590
32 850 2 35 680
36066 2 38 596
30 371 232731
2579
2 319
706 2 668
36804 38 234
911
289
21 60
573
2 812
10560
9 014
666
153
9942
351
2249
590
2 945
2083
567
2784
2251
569
2 965
9931
8327
741
192
9643
39
21 49
537
2732
20 14
538
2 619
2474
600
3 196
9978
8 445
586
171
9855
110
2404
594
3 066
2497
598
3 163
2754
644
3 412
11033
9431
676
169
10274
392
2793
619
3472
2996
654
3693
222
210 15 2 2 57
3 383
3039
1064
1004
2
28728 31 008
2
29 478 2 31 184
639
701
16 41
292
82
8231
7907
99
17 75
309
88
1709
311
91
1842
297
129
8 104
7885
14
1742
262
90
1674
271
90
2053
320
101
8297
8204
105
1948
290
92
1980
305
94
2160
299
91
8976
8320
300
2163
292
85
2327
310
93
54 84
2 704
415
7 172
6697
313
5 19
247
31
2206
1935
234
4 74
263
35
3 74
259
41
4 09
234
54
1721
1 668
15
4 07
196
34
3 40
212
32
4 22
264
37
1 574
1 559
22
4 56
243
36
5 17
232
35
594
233
35
1981
1,836
83
6 30
268
35
669
260
35
7714
7859
653
687
672
658
647
661
727
664
692
656
614
670
100
15 404
100
16382
100
4254
100
4489
100
4 112
146 8
144 0
143 0
145 5
1478
372.4
^2260
'•372.5
394
8492
275
5627
49 43
2430
399
6435
6452
193
2
2
81
353
113
87
164
43
44
1359
139 4
27093
25 615
373
27,094
805
1 192
26726
25829
107
26,726
1 296
1217
6808
6 579
26
6319
399
371
7978
351.4
8283
355.8
210 8
355.6
357.0
357.0
2153
357.2
370.7
370.7
231 1
371.0
371.1
371.1
2350
371.1
372.4
6
196
61 71
63
41 16
64
6
202
64 51
64
4230
66
203
6816
64
4209
64
223
68 50
72
41 55
67
202
64 39
64
41 89
62
204
64 01
50
4052
50
168
6913
58
4327
56
198
6969
66
4474
67
227
7064
70
4642
70
202
6987
68
4653
68
240
6882
70
4485
69
235
6683
70
4635
71
219
6530
66
4674
73
dollars
% of total
2496
64
2869
65
2817
69
2947
65
3234
63
3247
51
2855
55
2774
59
2903
67
3048
64
2883
65
3202
72
3210
72
thous
do
do
do
do
do
2
9388
2
10 275
2
10 909
2
12010
12258
8831
7467
4,152
49328
4,073
3833
2595
2 257
260
6078
219
2 104
2,733
2765
1883
1710
255
1 115
372
1439
2,983
2864
1 810
1 579
471
1 776
1,337
1506
4
834
4
647
528
6672
442
9379
636
41
128 9
14 42
42
82
5
..
2
9 047
3,664
48 901
1387
139 3
142 4
144 8
139 6
272
1 226
P
142 4
7,545
7289
25
6,471
1,074
809
7389
7 214
26
6,619
564
592
6937
6703
27
6396
385
430
222
4454
1423
4
4
1,102
1056
4
734
4
569
507
2633
4
4
1,132
1224
4
688
4
608
603
3 783
4
4
4
68.7
274.4
"296
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-19
SURVEY OF CURRENT BUSINESS
November 1984
Annual
,, .,
Dims
1982
1984
1983
1983
Oct.
Sept.
Nov.
Jan.
Dec.
Apr.
Mar.
Feb.
June
May
Oct.
Sept.
Aug.
July
TRANSPORTATION AND COMMUNICATION—Continued
COMMUNICATION
Telephone carriers:
Operating revenues $
Station revenues
Tolls, message
:
Operating expenses (excluding taxes)
Net operating income (after taxes)
Phones in service, end of period
Telegraph carriers:
Domestic:
Operating revenues..
Operating expenses
Net operating revenues (before
taxes)
Overseas, total:
Operating revenues
Operating expenses..
Net operating revenues (before
taxes)
mil $
do
do
do....
do
mil
73 748
31654
28068
51269
11 951
1578
78 092
33090
28031
53095
12797
1344
6 569
2754
2318
4 137
1 195
1406
6 673
2802
2352
4,651
1038
1386
6 560
2780
2301
4716
6 660
2757
2369
5647
948
488
1365
1344
mil $
do
8093
6787
8658
7360
74 1
73 1
746
662
738
605
604
632
do
868
79 1
86
62
49
53
do
do
6077
4952
6169
5234
502
438
525
447
534
449
528
424
83.7
63.1
4.0
5.5
5.9
">
7.8
.do....
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
Production:
Aluminum sulfate, commercial (17% A12O3) $
Chlorine gas (100% C12) $
do
Hydrochloric acid (100% HC1) $
do
Phosphorus elemental
do
Sodium hydroxide (100% NaOH) t
do
Sodium silicate, anhydrous $
do
Sodium sulfate, anhydrous £
do
Sodium tripolyphosphate
(100% NasPaOio) $
do
Titanium dioxide (composite and
pure) $
do
Sulfur, native (Frasch) and recovered:
Production
thous met tons
Stocks (producers') end of period
do
Inorganic Fertilizer Materials
Production:
Ammonia, synthetic anhydrous $
thous sh tons
Ammonium nitrate, original solution $
do
Ammonium sulfate $
do
Nitric acid (100% HNO3) $
do
Nitrogen solutions (100% N) $
do
Phosphoric acid (100% P2Os) $
do
Sulfuric acid (100% HaSOJ $
do
Superphosphate and other phosphatic
fertilizers (gross weight):
Production
thous sh tons
Stocks end of period $
do
Potash, sales (K2O)..
.
d
o
Exports, total #
.
do
Nitrogenous materials
do
Phosphate materials
do
Potash materials
"do
Imports:
Ammonium nitrate
do
Ammonium sulfate .
do
Potassium chloride
do
Sodium nitrate
do
Industrial Gases t
Production:
Acetylene
mil cu ft
Hydrogen (high and low purity)
do
Nitrogen (high and low purity)
do
Oxygen (high and low purity)
do
Organic Chemicals §
Production:
Acetylsalicylic acid (aspirin)
mil Ib
Creosote oil
mil gal
Ethyl acetate (85%)
"
mil Ib
Formaldehyde (37% HCHO)
do
Glycerin refined all grades
do
Methanol synthetic
mil gal
Phthalic anhydride
mil Ib
ALCOHOL
Ethyl alcohol and spirits:
Production
.
..mil tax gal
Stocks end of period
do
Denatured alcohol:
Production
mil wine gal
Consumption (withdrawals)
do
For fuel use *
. ..do ...
Stocks end of period
do
See footnotes at end of tables.
1 154
9 176
2460
1 144
9960
2608
101
862
240
32
889
76
74
86
862
228
34
879
77
71
91
857
225
34
872
52
73
100
803
207
30
813
58
66
98
849
257
31
882
59
66
90
866
245
30
905
85
72
32
931
50
r
70
97
873
240
27
918
61
72
54
48
60
74
66
61
3 026
758
111
779
2898
2782
2 606
55
75
106
947
229
35
980
65
76
61
55
58
71
66
65
785
776
766
3 141
3 139
3 115
361
366
9385
10230
664
864
732
855
651
669
56
59
60
55
53
57
657
757
68
67
63
67
60
65
8 156
3 218
690
714
737
761
741
729
3 560
3 493
3 369
3 218
3 172
98
922
254
33
947
80
74
84
964
277
29
1010
91
941
240
35
981
65
80
r
95
892
236
'8614
4 202
1
15776
13683
1 137
1 213
1 238
1 245
1 279
1 326
1 443
1 439
1405
1247
1 169
1302
7091
1769
7390
2728
8262
33 233
6618
1968
7373
2
2 403
9950
36 583
461
167
584
205
832
604
184
690
226
924
597
160
649
213
952
592
163
638
217
856
597
176
683
237
856
611
182
728
417
912
565
169
689
275
876
562
153
660
308
869
3 383
3 564
3 154
3 485
618
165
680
244
914
511
164
604
277
954
3 200
631
180
718
266
963
3 065
3 287
648
175
702
237
934
3398
3339
3264
3250
3417
13 139
15774
1 329
1 439
1 501
1 463
1 388
1 455
1 531
1 422
1 425
1326
1507
6271
22832
1982
14 837
947
538
845
656
953
365
1428
5186
20337
2645
11 997
1218
2096
2017
2296
2306
2342
r
836
2,425
r
624
2,118
1 183
262
319
347
285
7 154
7875
131
97
38
11
629
3
3828
88884
483 886
348 548
3304
103 859
579,574
347 394
8864
47755
30781
892
844
804
658
691
2113
167
1 444
' 93
298
19
66
156
582
638
1815
157
28
17
840
6
46
14
710
292
10523
48795
30657
32
69
641
246
747
599
601 1
6775
592
493
549
557
2849
2779
3533
r
3559
232
244
29
63
261
293
13
75
950
419
66
786
560
65
94 0
178
1 185
44
4626
234
1894
1 206
'308
'234
'363
'756
1
2060
235 4
'4 816 5 1 5 398 o
2654
229 5
/ 1 137 7 '997 5
1
'8513
684 4
1
641
646
15 1
4988
54
315
10 149
48347
29512
26
61
167
844
457
1 651
'l37
1 051
78
26
40
742
4
867
566
2344
1 553
985
414
180
45
899
79
383
157
236
239
163
1 398
1 091
1 275
1305
1 115
1375
129
60
34
60
706
21
53
19
790
24
66
41
955
57
84
897
12
87
25
798
9
21
10
381
15
19
17
409
13
48
36
966
11
62
26
876
(3)
312
297
9786
51 116
31423
26
60
156
347
9235
49 121
32 128
27
72
163
150
71
161
85
327
354
405
389
396
9399
50002
33071
11259
52,218
32689
9768
50,517
31920
9435
50,758
31886
9,173
50,671
31,150
28
73
29
68
147
26
78
151
28
149
28
6.2
161
19
6.1
149
506 1
472 6
422 1
262
86 6
70 1
733
119 1
701
53 1
709
480
786
493
735
459
570
272
239
14
103
234
262
23
65
295
297
72
113
342
290
38
182
254
68
425
209
603
469 0
54
9417
53267
35087
14 6
5000
27 0
104 5
77 5
589
820
92
186
16 3
462 6
453 1
24 1
80 1
812
297
1 432
9445
49703
28009
22
77
964
510
518 7
4700
262
206
250
249
103 5
105 6
118 2
105 1
541
820
582
827
509
975
497
853
484
318
329
42
156
282
309
90
151
365
377
349
374
314
13.8
11.2
11 5
667
824
185
796
604
80.5
27.1
3.8
151
4604
r
242
945
776
235
S-20
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
.f
onus
November 1984
1984
1983
Annual
IT
1982
1983
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
May
Apr.
Mar.
June
July
Aug.
1239
13082
395 8
5270
5604
1248
12242
4078
509 1
5256
1093
1 2173
361 4
4749
457 1
Sept.
1183
1 164 1
501 6
4830
5546
911 8
4083
318.0
185.5
CHEMICALS AND ALLIED PRODUCTS—Continued
PLASTICS AND RESIN MATERIALS
Production:
Phenolic resins
mil Ib
Polyethylene and copolymers
do
Polypropylene
do
Polystyrene and copolymers
do
Polyvinyl chloride and copolymers
do
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly
mil Ib
Paints, varnish, and lacquer, shipments: <>
Total shipments
mil $
Architectural coatings
do
Product finishes (OEM) .
do
Special purpose coatings
do....
1
1
1
1230
1 404 5
13 837 5 1208 1
1 4 452 3
409 9
1 5 542 1
464 4
5 397 2 1 5 626 5
4875
1 397 7
12 548 0
;
J
3 515 0
1
5 608 6
;
25149
r
l 047
r
3 093
r
4
3
2 492 9
1,461.2
22293
1328
1180
137 4
1 257 1 1 194 4 10886
407 8
388 9
366 2
495 9
492 7
445 6
4838
441 1
3549
5898
r
l
r
3
r
843 8
321 3
2 907 4
1,615.1
r
719 5
r
2974
r
2663
155.8
128 5
1 194 1
413 4
498 4
576 8
680 1
2577
2878
134.7
734 2
2968
2862
151.2
831 2
357 5
318 1
155.7
809 7
351 9
2973
160.5
9186
4240
3169
177.7,
9209
431 5
310 1
179.3
r
859 1
r
3936
r
189 498
161 597
27 901
199 359
168 935
30 425
180 934
150 984
29 948
191 945
160 131
31 814
209 425
180 690
28735
220,724
193,225
27499
6688
614 6
r
662 2
r
2528
r
2677
141.8
r
5850
r
2008
r
250 1
134.1
r
5102
1769
r
2180
115.3
1327
1324
1 321 5 1 2403
378 0
439 4
5228
530 2
636 1
663 4
123 2
1 194 2
388 1
473 9
498 8
2947
170.8
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production:
Electric utilities total
mil kw -hr 2 241 211 2 310 285
By fuels
do
1 931 998 1 978 154
By waterpower
do
309 213
332 130
Sales to ultimate customers, total (Edison
1
1
Electric Institute) $
mil kw -hr 2 097 077 2:163 419
1
Commercial § . . . . .
do
516 261
533 031
1 769 323 1801 136
Industrial §
do
Railways and railroads
do
4288
4 152
;
Residential or domestic
do
731 809 '751 443
Street and highway lighting
do
14214
13974
1
Other public authorities
do....
55,745
54469
1
1
Interdepartmental
do ....
5,438
5,215
Revenue from sales to ultimate customers
1
(Edison Electric Institute) $
mil $
121 345 ;129 555
GAS t
Total utility gas, quarterly
(American Gas Association):
Customers end of period total
thous
48 519
48 940
Residential
do
44652
45 040
Commercial
do
3636
3670
Industrial
do
185
183
Other
do
46
46
1
Sales to customers, total
tril Btu
14280
12 673
Residential
.do
4770
M495
J
Commercial
do
2471
2344
1
Industrial
do
6892
5 688
Other
do
148
145
Revenue from sales to custom1
ers, total
mil $
63391
64 095
1
Residential
.
do
23701
26 145
Commercial
do .
11 666
12691
Industrial
do
27389
1 24 557
Other
do ....
635
'702
195 604
173 892
21 712
182 931
162 184
20 747
182 949
158 270
24 678
212319
180 628
31 691
216 450
186 710
29 738
603 471
153 091
208 702
1092
221 583
3335
13955
1,713
532 089
131 159
205 110
916
175 847
3717
13,991
1,350
577 912
136 370
205 977
1 012
214 948
3689
14648
1,269
542 212
137 458
211 560
959
171 620
3284
15745
1,586
38 274
31770
34 253
33200
47 915
44 154
3532
183
46
2252
384
287
1 559
22
48940
45 040
3670
183
46
3428
1 258
648
1 481
40
49 614
45615
3*771
182
46
4791
2207
1 054
1474
56
49348
45378
3742
182
47
2,846
892
463
1463
29
10799
2615
1 568
6 521
94
17049
7 198
3417
6 236
198
24893
12434
5740
6443
276
14413
5397
2,565
6316
134
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production
mil bbl
Taxable withdrawals
do
Stocks, end of period
do
Distilled spirits (total):
Production
mil tax gal
Consumption, apparent, for beverage
purposes
mil. wine gal..
Stocks end of period
mil tax gal
Imports
mil proof gal
Whisky:
Production
mil tax gal
Stocks, end of period
do
Imports
mil proof gal
Wines and distilling materials:
Effervescent wines:
Production
mil wine gal
Taxable withdrawals
do
Stocks end of period
do
Imports ..
do
Still wines:
Production
do
Taxable withdrawals
do
Stocks, end of period
do
Imports
do..
Distilling materials produced at
wineries .
do
See footnotes at end of tables.
194 35
176 57
1322
195 02
177 69
13 26
15 30
13 77
14 30
13 62
13 17
13 92
12 46
11 98
13 26
14 15
12 42
13 70
14 75
12 63
14 17
17 72
15 32
15 24
16 65
14 88
15 55
18 59
16 67
1587
18 47
17 23
1567
18 64
16 90
1486
17 59
1697
1444
119 40
10 27
12 28
927
855
1036
1199
1331
1332
1176
681
482
431 13
551 47
113 77
3375
590 45
7 35
3434
580 93
1503
43 13
569 00
10 97
5045
551 47
11 77
3054
576 46
7 20
3072
577 43
9 46
3428
54892
7 58
3274
56107
11 12
34 17
57544
1189
36.42
57807
941
56878
1003
862
900
91 25
53339
7660
72 45
48038
81 28
4 76
523 00
4 77
4 02
511 58
11 26
5 26
49723
7 33
5 38
48038
8 66
6 21
505 69
4 84
8 82
50706
6 84
9 91
48001
4 65
972
50760
780
830
502 14
534
4 15
50320
669
303
498.16
669
586
5 95
3101
29 18
13 00
835
37 13
32 51
16 11
11 11
433
2 85
21 58
84
379
6 08
19 00
1 21
281
3 56
1764
1 48
289
4 56
16 11
172
1 46
1 25
16 95
136
294
95
17 70
80
226
225
1782
81
278
429
1776
101
4 11
199
1902
86
256
109
1996
105
105
129
17221
2988
595 40
972
139 57
3232
68305
1097
35 65
3407
666 15
11.36
13 17
3013
68647
11 20
6 66
2590
61908
1129
605
2764
601 11
793
8 45
33 10
57431
902
668
3232
50459
949
427
3334
46891
950
535
2600
43743
13.04
45 11
4092
1 19
175
13808
2
15 71
14 84
14 53
437 66
60467
106 03
550 47
36278
697 52
113 79
19036
2
r
429
r
34
366 03
68647
11983
174 94
14 11
592
330
228
283
235
1 64
1871
102
4 07
3384
53935
1080
246
483
10.07
11.30
Oct.
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-21
SURVEY OF CURRENT BUSINESS
November 1984
IT ..
units
1982
1984
1983
Annual
1983
a*.
Nov.
Oct.
Dec.
Jan.
Mar.
Feb.
Aug.
July
June
May
Apr.
Oct.
Sept.
FOOD AND KINDRED PRODUCTS; TOBACCO-Continued
DAIRY PRODUCTS
Butter:
Production (factory)
mil Ib
Stocks, cold storage, end of period
do....
Producer Price Index **
1967-100
Cheese:
Production (factory), total
mil Ib
American, whole milk
do .
Stocks, cold storage, end of period
do....
American, whole milk
:.
do
Imports
do
Price, wholesale, cheddar, single daisies
(Chicago)
$ per Ib..
Condensed and evaporated milk:
Production, case goods ....
mil Ib
Stocks, manufacturers', case goods, end of
period . .
do
Exports
do
Fluid milk:
Production on farms
do
Utilization in manufactured dairy
products
do
Price, wholesale, U.S. average
$ per 100 Ib ..
Dry milk:
Production:
Dry whole milk
mil Ib
Nonfat dry milk (human food)
do....
Stocks, manufacturers', end of period:
Dry whole milk
do
Nonfat dry milk (human food) ...
do
Exports, whole and nonfat
(human food)
do
Price, manufacturers' average selling, nonfat
dry milk (human food)
$ per Ib
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye,
wheat)
niil bu
Barley:
Production (crop estimate)
do
Stocks (domestic), end of period, total
do
On farms
do
Off farms
do
Exports including malt §
do
Producer Price Index, No. 2 feed,
Minneapolis *
1967 — 100
Corn:
Production (crop estimate, grain
only) ..
mil bu
Stocks (domestic) end of period, total
do
On farms
do
Off farms
do
Exports including meal and flour
do
Producer Price Index, No. 2, Chicago *
1967 = 100 ..
Oats:
Production (crop estimate)
mil bu
Stocks (domestic), end of period,
total
do
On farms
do
Off farms
do
Exports including oatmeal
do
Producer Price Index, No.2, Minneapolis *
1967 = 100..
Rice:
Production (crop estimate)
mil bags $
California mills:
Receipts domestic rough
mil Ib
Shipments from mills, milled
rice
..
do
Stocks, rough and cleaned (cleaned basis),
end of period
mil Ib
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers
mil. Ib..
Shipments from mills, milled
rice
do
Stocks, domestic, rough and cleaned (cleaned
" basis), end of period
mil Ib
Exports
do
Producer Price Index, medium grain,
milled **
,
1967-100
Rye:
Production (crop estimate)
mil bu
Stocks (domestic) end of period
do
Producer Price Index, No.2,
Minneapolis *
1967 — 100
Wheat:
Production (crop estimate) total
mil bu
Spring wheat
..
do
Winter wheat
do
Distribution quarterly @
do
Stocks (domestic) end of period total
do
On farms
.
do
Off farms
do
Exports, total, including flour
do...
Wheat only
do
See footnotes at end of tables.
706
462.7
227.2
691
426.3
241.3
1 2570
466.8
2269
1 299 2
499.4
2266
847
552.3
2292
1005
523.9
2285
98 1
506.7
2285
109 6
499.4
2210
1260
510.6
2188
1130
532.5
219.2
111 1
529.3
220.2
1062
532.4
220.2
1059
538.5
221.3
803
516.7
227.3
728
489.6
242.1
45417
27523
963.5
8808
2693
48184
29276
1,204.6
10997
2862
3730
2094
1,248.2
1 140.9
243
3919
2226
1,234.8
1,131 1
258
3882
2178
1,214.8
1 1106
275
4154
2368
1,204.6
10997
41 4
3874
231 1
1,202.2
1 0968
22 1
3691
2214
1,219.8
1 1164
167
4129
2476
1,217.4
1 1173
192
4153
250.3
1,182.4
1,081.5
242
436.8
269.7
1,208.0
1,103.4
254
419.7
257.2
1,193.4
1,089.1
195
387.7
230.2
1,185.5
1,078.3
318
1.684
1.682
1.691
1.699
1.699
1.684
1.689
1.689
1.689
1.689
1.689
7349
6942
523
532
602
632
488
446
512
573
608
554
54.1
53.7
50.5
51 9
193
467
56
941
5
820
7
560
.9
467
.7
47 1
.8
500
.5
528
.6
607
.7
786
.4
897
.4
966
.4
102.2
.5
102.9
.9
135 802
139 968
11262
11430
11000
11,395
11490
10905
11741
11674
12,283
11,832
11,570
11,243
10,827
10,942
79098
13.60
82501
13.60
6374
13.50
6321
13.80
6127
13.90
6435
13.70
6583
13.60
6413
13.40
6971
13.20
6943
13.10
7413
13.00
6925
12.80
6499
12.90
6,229
13.10
5,634
13.60
P
1022
1,400.5
1112
1,499.9
94
102.1
102
102.7
105
99.4
99
111.1
104
111.9
92
105.0
113
109.2
106
113.8
100
128.5
12.1
119.8
9.8
111.7
8.3
88.1
10.2
71.7
60
933
64
746
44
697
44
679
46
631
64
746
57
660
54
62.8
58
58.9
52
67.0
6.3
74.6
8.6
74.5
8.8
72.9
7.9
58.4
7.1
52.7
1878
3216
473
364
356
306
29 1
13 1
88
129
8
5.0
5.8
14.3
54.2
938
936
937
937
919
912
910
911
911
910
910
911
.913
.912
3 524 8 3 440 2
2857
2866
310 5
3204
3009
2776
3133
2816
2865
2266
2679
287 1
3677
78
60
2684
1691
99.3
11 2
60
72.4
41
49
21
52
583.5
410.9
172.5
175
216 6
216 6
2234
2361
2378
2293
1860
174 6
9320
163 0
111 0
1281
1353
375.4
1064
280.8
274.3
276.9
271.2
254.0
240.0
1
2
936
2
5159
414 1
2899
1242
664
2
8 235 1
82047
59360
22687
1 924 9
5155
3439
1716
14 2
81
91
3670
2444
1226
15 6
180 9
2
223 0
2251
2293
199 6
1550
19614
49074
3074 1
1 833 3
1752
172 6
158 4
32473
19298
13175
1764
268.4
277.6
255.8
255.9
246.7
268.1
4 166 1 5
49074 5 3 1199
3074 1 5 1510 4
18333 1 609 5
142 9
1 876 5
193.5
2
592 6
248.4
2
273.1
5
272.0
252.6
278.6
286.4
4
189 2
4
116.8
4
169.9
503
605.7
180.1
175.8
5
722.3
5
346.9
5
5
21426
3
1,210.6
J
^
284.2
276.4
4
4
7,527.2
217.5
^
282.1
(7)
474.2
397.6
76.6
2
250.1
253.0
181 1
151 3
298
j
3789
3225
56 4
2
270 1
2268
43 3
3
2
I
3
250.1
267.9
272.9
280.7
269.3
4
2
271.5
255.8
/0
299 7
1619
13.90
'°472.5
5052
4261
79 1
1
153 6
1.744
1.759
477 1
3789
3225
56 4
28
2 912
1,075.5
974.8
;0
4533
3788
74 5
58
2
349.4
368.5
185.2
206.6
1,147.6 rl,115.0
1,045.1 1,018.0
25.2
27.1
1.721
1.700
371.4
243.1
10
508 3
3670
2444
1226
71 6
1626
1.688
r
141.0
87
243
191
186
226
2730
300
451
183
154
1884
263
99
83
66
181
86
151
136
179
152
478
211
405
442
478
482
413
461
505
378
331
296
166
76
116
157
153
293
244
183
2,560
144
11,482
9,143
732
930
829
488
522
347
233
142
108
695
7020
6 289
535
489
516
504
498
548
562
479
488
479
440
517
610
3170
5516
2703
5151
2162
624
2569
460
2573
378
2703
359
2776
299
2592
220
2418
462
1902
432
1 626
420
1,325
431
984
314
930
384
2,017
566
1956
2020
2059
2059
2059
2059
2059
2059
2059
205.9
205.9
205.9
205.7
202.8
2
2
195
102
2932
2
2 765
2
691
«2074
2436
25062
1 1505
13556
1,527.5
14936
27 1
9
58
2107
2,332
1,340
195.8
201.0
10
30.2
(8)
2337
2148
2234
2148
2131
2105
2148
219.1
2234
212.6
197.6
185.2
2 420
2
432
2
1 988
e
981
2605
23268 29552
10154 1 2359
1 311 4 17193
127.6
1,488.3
1192
1 4076
176.1
180.4
;0
2
122.9
1148
104.9
1023
629
23268
1,0154
1 311 4
129.3
1284
120.2
1183
113.1
1110
571
17566
771.2
9854
125.3
118.7
6
4
100.8
943
1,398 4
4
591.6
4
806 7
119.2
111.7
2,570
"534
10
2,036
363
110.5
104.8
137.3
133.3
146.7
146.0
2,723.8
1,200.0
1,523 8
243.5
242.4
S-22
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
....
UIHUJ
1982
November 1984
1984
1983
Annual
1983
Sept.
Nov.
Oct.
Dec.
Jan.
Mar.
Feb.
May
Apr.
Oct.
Sept.
Aug.
July
June
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS-Continued
Wheat—Continued
Producer Price Indexes: *
Hard, winter Ord, No.l, Kans. City
1967 = 100..
Spring, No. 1, D.N. Ord, Minneapolis
1967 = 100..
Wheat flour:
Production:
Flour $
thous sacks (100 Ib )
Millfeed $
thous sh tons
Stocks held by mills, end of period
thous. sacks (100 Ib.)..
Exports
do
Producer Price Index *
6/83=100 ..
POULTRY AND EGGS
Poultry:
Slaughter
mil Ib
Stocks, cold storage (frozen), end of period,
total
mil Ib
Turkeys
do
Price, in Georgia producing area,
live broilers
$ per Ib..
Eggs:
Production on farms
. .
mil cases §
Stocks, cold storage, end of period:
Shell
thous. cases § ..
Frozen
mil Ib
Price, wholesale, large (delivered; Chicago)
$ per doz..
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
thous. animalsCattle
do ....
Prices, wholesale:
Beef steers (Omaha)
$ per 100 Ib
Steers, stocker and feeder
(Kansas City)
do
Calves, vealers (So. St Paul)
do...,
Hogs:
Slaughter (federally inspected) thous. animals ..
Prices:
Wholesale, average, all weights (Sioux City)
$per lOOlb..
Hog-corn price ratio (bu. of corn equal in
value to 100 Ib. live hog)....
Sheep and lambs:
Slaughter (federally inspected) thous. animals..
Price, wholesale, lambs, average (Omaha) $
$per lOOlb..
MEATS
Total meats (excluding lard):
Production
mil Ib
Stocks, cold storage, end of period
do ....
Exports (meat and meat preparations)
..
do
Imports (meat and meat preparations)
do
Beef and veal:
Production total
do
Stocks, cold storage, end of period
do...,
Exports
.
do
Imports
do
Price, wholesale, beef, fresh, steer carcasses,
choice (600-700 Ibs.)
(Central U.S.)
$ per Ib
Lamb and mutton:
Production total
mil Ib
Stocks, cold storage, end of period
do..
Pork (excluding lard):
Production, total
. do
Stocks, cold storage, end of period
do..
Exports
. . . do
Imports
--do
Prices:
Producer Price Index, Hams, smoked
1967 = 100
Fresh loins, 8-14 Ib. average,
wholesale ( N Y )
$ per Ib
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (including shells)
thous Ig tons
Producer price, Accra (New
York)
. . .
$ p e r Ib
Coffee:
Imports total
thous bags Q
From Brazil
do
Producer price, Santos, No. 4
(NY)
$ per Ib
Fish:
'
^ '
*^
See footnotes at end of tables.
240.8
237.2
238.5
231.5
228.8
229.2
229.8
219.2
229.1
236.2
228.0
230.4
219.9
225.9
235.6
231.9
221.5
228.3
236.4
238.4
235.8
232.7
230.2
222.3
231.9
236.7
243.2
243.2
240.3
206.0
198.9
200.5
297,288 306,066
5,562
5,537
667,841 686,983
27,423
503
61,869
26,125
474
58,366
24,923
456
56,246
24,464
443
54,997
24,766
445
55,695
25,482
465
57,537
25,931
472
58,388
24,076
438
54,011
26,630
487
60,139
24,306
435
54,611
22,847
416
51,763
26,044
477
59,203
4,276
14,518
3,805
34,628
3,599
3,621
100.0
3,469
98.4
1,122
96.6
3,805
395
96.1
830
96.4
883
95.8
3,780
2,846
97.0
2,802
99.3
3,213
98.8
3763
2,457
100.6
1,716
99.7
285
96.8
475
96.9
97.3
15,146
15,547
1,357
1,368
1,266
1,172
1,269
1,263
1,442
1,393
1,394
281
162
277
161
.280
.325
.335
.360
.365
15.8
15.5
16.0
15.8
14.8
601
460
.250
.270
.305
193.6
189.2
15.3
.668
13
12
.727
25
16
45
14
.762
.779
13
12
28
11
.884
.986
1.123
18
13
r
1,324
418
278
476
331
r
527
391
549
412
r
265
142
302
181
.365
.340
.310
.315
.346
.280
.310
.275
16.1
15.7
15.9
15.3
15.9
16.0
15.6
16.3
42
16
29
18
36
12
35
13
41
13
1.026
.883
1.018
.743
.681
.690
17
11
1,544
352
226
260
149
251
146
578
432
34
25
1,168
376
252
281
162
345
204
1,208
r
23
r
!7
36
18
.665
.672
.607
31
17
2,729
33,907
2,798
34,816
258
3,156
259
3,099
266
2,899
262
2,994
253
2,951
236
2,836
264
2,954
226
2,728
233
3,169
218
3,062
255
2,996
292
3,260
245
64.22
62.52
59.19
59.58
59.41
62.85
67.08
67.07
68.60
67.86
65.89
64.28
65.79
64.36
62.68
60.85
62.79
77.70
61.39
72.97
55.81
73.38
56.97
66.75
58.12
67.50
61.00
67.50
64.39
64.94
65.97
77.50
66.30
77.50
64.15
77.50
60.82
78.00
59.28
75.47
62.17
58.12
61.34
52.50
62.01
52.50
62.74
53.75
79,328
84,762
7,268
7,829
8,152
7,515
6,947
6,591
7,578
6953
7,153
6,392
5,800
6,627
6,439
55.21
47.73
46.05
41.64
38.81
46.53
50.14
46.68
47.36
48.69
48.22
50.04
54.25
52.57
47.86
14.3
14.1
14.5
15.8
16.2
16.0
15.4
14.6
14.3
45.01
15.9
22.4
16.6
6,273
6,412
510
536
540
548
586
592
558
561
528
53.03
54.74
48.50
51.75
56.00
57.75
60.50
58.75
58.75
60.50
62.25
61.75
61.50
62.76
63.58
63.35
37,266
554
38,974
679
3,435
535
3,523
577
3,472
668
3383
'679
3,218
693
3,092
708
3,349
738
3,079
778
3,409
819
3,204
776
3,043
714
3,360
628
3,111
r
646
668
1,566
1,449
130
127
134
119
112
104
134
106
114
103
128
119
123
2,015
2031
171
169
123
104
180
167
171
198
16
128
209
198
189
13.3
595
12.8
580
22,789
302
540
1,446
23,487
334
571
1,382
2,128
277
58
117
2,103
287
53
112
1.013
.978
.921
912
35
368
1
&
32
11.8
14.0
511
1,974
325
59
71
2,002
334
43
54
1,952
349
50
118
1,894
343
47
108
1,977
336
67
107
1,812
334
46
113
2,098
321
49
81
2,022
311
36
60
1,974
310
59
123
2,155
298
56
120
1,942
'328
57
112
.916
.998
1.057
1.029
1.051
1.035
.996
29
10
30
1
3
1.013
.976
.944
27
28
3:
2!
1,156
405
14
62
1,040
345
16
7
1,175
269
13
69
1,139
'257
12
67
283.8
286.
294.
295.0
293.6
1.150
1.34
1.24
1.198
1.072
35
1,165
312
16
52
1,338
351
18
56
1,233
390
19
75
1,^81
43!
14,12
21
28
49
15,120
30
25
55
1,273
210
16
45
1,388
240
23
50
1,468
295
23
44
1,350
30
23
43
306.
292.
280.7
283.0
284.7
303.9
288.6
283.0
279.6
286.9
286.3
1.27
1.15
1.129
1.06
1.07
1.24
1.152
1.07
1.11
1.14
194.
181.
6.
15.
21.
.954
7.
8.
28.
16.
.924
.985
32
3^
333
31
1,234
295
18
53
5.
500
7'
24.
r
15.
9
271
10.
13.
10.
1.21
.92
1.08
1.05
1.10
1.15
1.27
1.32
1.34
1.33
1.28
1.35
1.28
1.21
1.17
17,41
3,37
16,44
3,41
1,53
34
1,68
30
1,38
24
1,25
26
1,59
27
1,29
14
1,44
26
1,90
31
1,61
31
1,05
19
1,72
37
1,73
51
1,43
40
1.42
1.40
1.43
1.43
1.43
1.43
1.43
1.43
1.43
1.43
1.43
1.43
1.43
1.43
1.43
38
42
1.250
42
41
41
42
40
36
34
32
32
34
37
38
40
1.430
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-23
SURVEY OF CURRENT BUSINESS
November 1984
Annual
, T .f
turns
1982
1984
1983
1983
Oct.
Sept.
Nov.
Dec.
Jan.
Apr.
Mar.
Feb.
July
June
May
Aug.
Oct.
Sept.
FOOD AND KINDRED PRODUCTS; TOBACCO—Cont.
MISCELLANEOUS FOOD PRODUCTS-Cont.
Sugar:
Exports, raw and refined
sh tons
58 512
2616
55973
29866
16605
31825
28 400
33940
30094
32915
37 144
19892
12019
15985
14,022
339
322
333
253
269
358
278
299
204
174
247
212
168
278.4
161.0
182 613
315.9
172.1
170 451
321.4
175.1
15025
314.9
175.1
16 531
314.1
173.9
13 600
311.6
173.8
15 631
309.4
174.7
15 599
315.6
173.4
15956
314.8
174.6
20 235
315.3
174.5
18 031
314.5
175.4
17 546
315.5
174.8
12 803
315.7
174.5
22 287
311.1
174.3
12023
312.6
172.8
14 169
'1994
'1428
5367
562 260
295 740
5357
509 828
316 917
5209
26430
21 462
51706
35975
82078
614 017
3 056
73,585
Producer Price Indexes: *
Raw (cane)
1967 = 100..
Refined
..12/77 = 100..
Tea imports
thous Ib
TOBACCO
Leaf:
Production (crop estimate)
mil Ib
Stocks, dealers' and manufacturers',
end of period
do
Exports, incl. scrap and stems
thous Ib
Imports incl scrap and stems
do
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
millions
Taxable
do
Cigars (large) taxable
do
Exports, cigarettes
do ....
207 871
2915
69680
597 464
3030
60,698
6294
52 532
5743
49 628
309.6
172.0
5
286
5,318
272
4,941
87912
37 916
5357
60302
22 646
41984
29786
5603
53 075
5374
43212
5243
49 948
271
5,190
40 165
43 619
5168
43329
40005
32400
27 690
4790
44 582
5745
50788
5341
47 415
26476
26321
4987
28857
22928
14831
49 558
18351
36 888
5172
50 315
5080
57741
6091
44541
1,736
5,731
53 152
39,148
33 184
224
243
226
246
217
267
284
205
252
5,171
3,775
4,366
4,893
5,081
3,557
4,802
4,895
3,885
5,308
12907
14046
11219
LEATHER AND PRODUCTS
LEATHER
Exports:
Upper and lining leather
thous sq ft
Price, producer:
Sole, bends, light
index, 1967-100..
LEATHER MANUFACTURES
Footwear:
Production, total
thous. pairs
Shoes, sandals, and play shoes,
except athletic
thous pairs
Slippers
do
Athletic
do
Other footwear
do
Exports...
do
Producer Price Indexes:
Men's leather upper, dress and casual
12/80=100..
Women's leather upper
1967=100..
Women's plastic upper
12/80-100..
159 804
155 808
12715
14027
12400
9412
13624
13 015
17787
14772
19 514
14 294
4
342 380
340 966
29835
29051
27736
24943
26690
28458
29565
27 115
27956
24 074
r
20 277
26104
4
260 840
4
64 892
4 16 648
4
3 703
7717
263 508
61,062
16396
4970
6158
23375
5585
22039
5936
1 076
20617
6014
1 105
19800
3889
1 254
20884
4616
1 190
22185
5216
1 057
22800
21294 ' 21 809
5360
4737
5070
1 405 1 1 084
1 077
18703
4 614
16 700
r
2 978
192281
5,579
1297
105.2
215.8
97.9
107.0
222.3
100.7
108.1
224.8
102.9
875
397
506
408
539
108.0
224.6
102.9
326
454
107.4
224.3
102.9
224
394
107.4
220.0
100.5
231
361
108.2
221.7
102.3
757
327
461
599
352
486
473
581
594
108.2
108,9
215.7 ' ; i : 216:4
iq2.o
102.0
109.1
216.3
101.5
367
450
320
468
295
675
108.5
222.9
102.8
108.1
224.1
102.7
107.9
218.0
105.1
107.6
218.1
105.1
107.6
'215.2
3 104
2983
2968
487
461
2828
2617
3 022
2522
2875
2430
2993
2532
2407
2337
2852
'491
2361
• "'
' 2685
'497
2 188
2 756
2487
2286
303
344
105:1
108.8
216.6
102.5
LUMBER AND PRODUCTS
LUMBER— ALL TYPES #
National Forest Products Association:
Production, total
mil. bd ft
Hardwoods
do
Softwoods
do
Shipments, total . .
do
Hardwoods
do
Softwoods
do
Stocks (gross), mill, end of
period, total
;
do
Hardwoods
do
Softwoods
do
Exports, total sawmill products
do....
Imports total sawmill products
do
SOFTWOODS
Douglas fir:
Orders, new
mil bd ft
Orders unfilled end of period
do
Production
do
Shipments
do
Stocks (gross), mill, end of period
do
Exports, total sawmill products
do
Sawed timber
do
Boards planks scantlings etc
do
Producer Price Index, Douglas fir, dressed t
1967 = 100..
See footnotes at end of tables.
3
25 795
4 774
21 021
3
25 960
3
4 935
21 025
3
5745
1 766
3979
3
31 479
3
5 721
25758
3
31 358
3
5 896
25462
5866
1 591
4275
2748
2787
2504
2345
2251
2737
2285
2795
2011
2404
1 929
2445
2 286
2589
2254
2 306
1 924
2041
2 137
2 678
'484
2 194
2 603
'479
2 124
5870
1 549
4321
5862
1 562
4300
5964
1 577
4387
5866
1 591
4 275
6021
1 597
4 424
6097
1 603
4 494
6178
1 576
4602
6287
1 570
4717
6283
1568
4715
6257
1 599
4 658
6,186 1 6,176
1 626 ; !' 1667
4560 i 4509
1 118
1 092
885
941
1 135
1 108
1 098
1 073
1 172
1 20*2
1 191
1 298
667
623
702
682
550
597
603
576
768
756
735
686
655
765
691
646
881
820
850
826
656
701
793
775
620
627
691
694
761
632
722
756
694
658
631
668
662
649
648
607
497
483
9 421
12293
1057
5976
7864
5743
5793
7934
7802
744
638
696
670
612
862
471
125
345
266.2
502
489
493
480
416
404
994
569
129
439
1013
35
7
28
48
11
37
46
5
40
715
674
572
638
994
43
8
34
363.8
345.3
332.0
318.7
324.7
674
1 033
1 060
2740
454
452
490
468
491
538
506
470
2 933
563
2370
2950
'
529
: 2421
1 112
1 130
1 127
1093
1056
38
10
28
44
9
35
57
13
44
60
22
39
50
12
37
52
10
42
49
11
39
663
594
653
727
982
40
10
30
322.8
351.7
369.7
364.3
335.8
322.8
307.8
309.2
1 043
1 088
1023
45
19
26
312.5
301.9
S-24
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
IT .,
Units
1983
1982
November 1984
1984
1983
Annual
Sept.
Nov.
Oct.
Dec.
Feb.
Jan.
June
May
Apr.
Mar.
Oct.
Sept.
Aug.
July
LUMBER AND PRODUCTS—Continued
SOFTWOODS—Continued
Southern pine:
1
Orders, new
mil. bd. ft..
6,014 16,821
Orders, unfilled, end of period
do....
556
438
1
Production
do....
6,186 16,637
1
1
Shipments
do....
6,703
5,996
Stocks (gross), mill and concentration yards,
end of period
mil. bd. ft..
1,408
1,474
Exports, total sawmill products
thous. bd. ft.. 245,221 217,660
Producer Price Index, southern pine,
319.9
285.9
dressed t
1967-100 ..
Western pine:
Orders, new
mil. bd. ft..
8,350
6,880
410
324
Orders, unfilled, end of period
do....
Production
do....
8,488
6,681
Shipments
do....
8,264
6,775
1,279
1,055
Stocks (gross), mill, end of period
do...
Producer Price Index, other softwood,
403.4
dressed t
1967 = 100 .. 356.0
HARDWOOD FLOORING
Oak:
4.8
Orders, unfilled, end of period
mil. bd. ft.,
Shipments
do....
98.9
75.0
12.0
Stocks (gross), mill, end of period
do....
5.5
599
503
551
583
628
506
586
625
502
489
536
519
537
556
471
470
513
522
577
547
577
498
610
601
677
544
661
652
570
514
626
600
662
542
615
634
660
589
636
613
612
603
605
598
614
590
657
627
1,429
20,057
1,390
16,349
1,407
20,326
1,408
17,001
1,438
9,648
1,447
17,975
1,479
14,273
1,505
18,136
1,486
19,520
1,509
19,159
1,516
12,378
1,546
11,898
14,283
305.5
308.3
313.5
316.2
328.2
334.0
337.8
336.1
334.5
320.4
317.1
318.7
317.9
.805
443
783
771
1,269
761
445
758
759
1,268
610
431
662
624
1,306
692
410
686
713
1,279
731
466
719
675
1,323
634
470
650
630
1,343
804
457
866
817
1,392
756
422
863
791
1,464
740
396
759
766
1,457
811
373
788
834
1,411
791
407
716
757
1,370
764
378
781
793
1,358
764
413
699
729
1,328
382.4
382.6
394.2
394.0
417.2
425.1
416.8
393.1
385.4
364.8
368.8
362.7
7.3
9.0
4.8
6.7
8.1
4.7
8.6
7.3
5.5
9.1
8.6
3.9
10.4
9.4
3.7
10.4
9.5
3.7
9.0
8.5
4.0
9.2
9.3
3.8
8.9
8.9
5.0
8.2
7.5
3.7
7.0
10.7
4.0
6.9
10.3
4.1
76
702
1
6.0
8.8
4.9
360.9
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous. sh. tons ..
Scrap
do
Pig iron
do
Imports:
Steel mill products
....
do
Scrap
do
Pig iron
do
Iron and Steel Scrap
Production
thous sh tons
Receipts net
do
Consumption
do
Prices, steel scrap, No. 1 heavy melting:
Composite
$ per Ig. ton..
Pittsburgh district
do ....
Ore
Iron ore (operations in all U.S. districts):
Q, .
* f n"-"
»•
Imports
do
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel
Consumption at iron and steel
plants
Exports (domestic)
Stocks, total, end of period
At mines
do
do
do....
do
At U S docks
do
Manganese (manganese content),
general imports
do
Pig Iron and Iron Products
Pig iron:
Production (including production of
ferroalloys)
thous sh tons
Stocks end of oeriod
do
Producer Price Index, basic
6/82 = 100 .
Castings, gray and ductile iron:
Orders, unfilled, for sale, end of period
thous. sh. tons .
Shipments total
do
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale, end of period
thous. sh. tons .
Shipments total
do
See footnotes at end of tables.
1,842
6,804
54
1,199
7,520
6
99
720
1
110
575
1
114
671
( )
84
751
()
86
626
()
73
663
2
80
683
22
73
606
()
90
899
1
86
954
13
90
957
11
94
852
1
16,663
474
322
17,070
641
233
'1,522
44
18
1,755
49
40
1,835
62
,14
1,730
52
74
2,082
53
49
2,161
60
55
2,224
61
45
2,216
50
62
1,998
48
24
1,776
40
121
2,656
41
67
2,515
43
88
27,127
27,520
' 56,386
6,418
27,149
32,557
61,782
5,807
2,409
2,700
5,111
6,062
2,467
2,988
5,545
5,837
2,428
3,008
5,375
5,944
2,247
2,804
5,086
5,838
2,442
3,128
5,709
5,647
2,499
3,592
5,932
5,789
2,866
3,730
6,460
5,892
2,734
3,476
6,256
5,861
2,859
3,470
6,393
5,757
2,733
3,157
5,820
5,755
'2,510
'3,089
'5,662
'6,016
2,479
3,013
5,518
6,041
61.51
66.71
67.24
76.92
73.13
83.50
72.69
82.50
63.64
85.00
78.56
91.50
84.68
98.00
89.89
103.00
88.81
100.50
87.34
102.00
86.68
102.00
82.30
95.00
76.82
86.50
74.46
82.50
77.96
87.50
14,501
37,562
'44,596
13,246
3,189
4,002
1,035
3,207
4,749
1,934
2,729
5,131
1,374
2,611
4,053
1,531
3,145
1,142
600
4,303
1,251
811
4,877
1,477
418
4,946
3,655
1,238
5,733
6,248
1,457
5,513
6,095
1,627
5,143
7,265
2,525
4,053
5,904
1,545
2,215
49,872
57,197
5,462
6,265
6,244
5,509
1,159
1,556
1,841
5,148
7,919
7,871
9,071
7,950
5,926
55,233
3,178
52,621
12,129
29,923
5,750
61,220
'3,781
32,567
3,209
25,494
3,174
5,171
474
35,716
9,308
23,415
2,993
5,667
218
34,729
7,769
23,922
3,038
5,242
1
33,831
5,369
25,061
3,401
5,125
682
32,567
3,899
25,494
3,174
5,517
155
30,118
5,944
21,047
3,127
5,670
113
28,364
8,996
16,857
2,511
6,391
46
26,288
12,396
12,238
1,654
6,415
169
26,220
13,697
10,949
1,574
6,489
701
27,395
13,187
12,391
1,817
5,632
470
29,177
12,608
14,610
1,959
5,501
932
30,900
10,479
18,218
2,203
5,222
487
31,564
8,628
20,880
2,056
4,554
869
477
482
46
56
39
35
39
63
33
64
33
68
46
'52
31
'43,136
1
44,409
580
48,741
'49,213
459
100.1
4,159
4,256
558
100.3
4,317
4,336
504
98.1
4,119
4,128
488
99.9
4,084
4,034
459
99.9
4,310
4,367
447
100.5
4,497
4,467
414
100.5
5,083
5,079
397
100.2
5,077
5,063
394
100.5 \
5,166
5,182
397
100.1
4,565
4,604
419
100.1
4,329
'4,415
'489
101.0
4,057
4,235
460
100.2
3,473
536
8,215
4,641
637
9,309
5,448
626
841
501
590
887
521
603
812
474
637
711
400
889
494
905
510
926
527
918
537
1,004
588
931
560
'817
519
944
630
14
284
119
18
293
92
27
26
(
25
27
c
22
27
10
18
27
c
30
13
31
13
33
12
28
11
30
12
32
15
28
13
33
16
1
1
1
35,433
1
35,756
1
1
2
2
2
(
2
C
2,182
46
37
100.3
79.51
89.00
100.2
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-25
SURVEY OF CURRENT BUSINESS
November 1984
Annual
,, .
units
1982
1984
1983
1983
Nov.
Oct.
Sept.
Dec.
Jan.
Apr.
Mar.
Feb.
Sept.
Aug.
July
June
May
METALS AND MANUFACTURES—Continued
Steel, Raw and Semifinished
Steel (raw):
Production
thous sh tons
Rate of capability utilization
percent
Steel castings:
Orders, unfilled, for sale, end of period
thous sh tons
Shipments total
do
For sale, total
do
Steel Mill Products
Steel products, net shipments:
Total (all grades)
thous sh tons
By product:
Semifinished products
do
Structural shapes (heavy),
steel piling
do
Plates. ...
do
Rails and accessories
do
Bars and tool steel, total .
do
Bars: Hot rolled (including
light shapes)
do
Bars: Reinforcing
. .
do
Bars: Cold finished ^.
do
Pipe and tubing
do
j
Wire and wire products
do
Tin mill products
do ...
Sheets and strip (including electrical),
total
do
Sheets: Hot rolled.....
do
Sheets- Cold rolled
do
By market (quarterly):
Service centers and distributors
do
Construction incl maintenance
do
Contractors' products
do
Automotive
do
Rail transportation
do
Machinery industrial equip tools
do
Containers, packaging, ship,
materials
do
Other
.
do
Steel mill shapes and forms, inventories, end
of period — total for the specified sectors:
1
6,915
6,378
57.7
74 577
48 4
83 379
55 4
7 134
57 8
7692
60 2
7263
6991
54 7
7 970
69 6
8142
9174
7,945
7,460
760
9056
79 1
8997
587
161
916
142
727
667
143
62
58
144
67
65
142
69
64
142
67
61
70
66
71
67
84
78
85
78
87
80
87
81
71
66
87
82
61 567
67 584
5 893
6 078
6 014
6 269
5980
6 150
7 239
5399
6948
6686
5,820
6,033
5,454
3408
3899
378
365
358
374
349
402
463
389
434
367
350
357
335
3424
4 136
'3448
3 832
883
326
338
86
306
362
74
338
366
83
320
381
87
343
352
108
335
378
120
408
421
122
319
402
111
372
431
113
347
419
96
320
330
98
282
345
99
311
304
98
977
1 017
782
9440
1
1018
1009
623
405
114
305
119
325
569
331
113
309
109
313
578
320
106
303
99
402
3075
1,051
1 192
3,120
1,061
1239
3,294
1,049
1366
1 146
1,010
1027
1,297
808
1,089
714
798
1,202
653
1,034
1,141
605
1,143
11 666
1016
M857
3526
1013
5,026
1332
4,321
;
6285
Z
571
337
104
290
119
351
27,914
9,052
11 132
34792
11,619
13781
2989
15 713
6276
2597
12087
3 878
1613
4384
1643
4850
1553
4,760
1,746
3,696
1,523
660
663
3004
3598
3,223
3,371
3,020
2320
240
558
311
728
293
803
253
662
4532
23 Oil
1 136
5671
1 105
6092
1 049
6993
1216
7,240
1,139
6,375
22 4
23 4
24 0
24 5
24 2
23 4
23 9
24 8
24 9
254
261
255
262
261
81
71
79
82
60
76
62
71
71
73
60
76
78
58
72
61
60
62
77
60
82
60
80
61
55
56
57
58
60
62
64
66
66
65
62
48
37
37
49
35
34
52
41
55
44
41
54
39
40
54
3.7
3.7
55
41
4.0
52
3.2
3.5
5.5
3.8
3.5
5.8
4.5
4.2
1 12 972
6260
2290
1
9 295
1 030
2582
1
4 471
20 883
4 138
1 197
3242
1384
4,308
1
918
1
984
1 166
N
628
585
299
121
303
116
322
3,077
1,076
1 155
620
276
125
321
115
307
697
445
147
366
129
345
616
337
131
354
109
334
655
401
140
408
110
381
603
401
131
407
104
370
451
364
114
367
98
349
3,147
1,127
1217
3,689
1,316
1394
3,364
1,208
1,275
3,497
1,286
1,294
3,435
1,270
1,248
2,875
1,073
1,010
258
638
53
57
58
54
57
,392
100
380
2,935
1,050
1,054
621
358
105
316
98
340
2,675
922
991
638
674
Producing mills, inventory, end of period:
Finished steel
do
Service centers (warehouses), inventory, end
638
378
122
47
57
43
534
547
49
466
459
49
42
48
38
39
3 274
1666
3 353
1 773
299
143
320
151
318
151
340
148
342
135
324
141
350
145
347
139
365
146
351
134
349
141
616 3
'1764
714 9
209 7
56 6
20 2
58 2
27 7
63 6
22 2
40 3
22 3
70 9
33 3
94 9
41 3
114 3
688
381
1088
497
390
739
432
668
584
68.0
47.8
89.9
38.1
;
364 0
'1896
.4680
360 7
166 6
.6830
41 5
14 4
.7612
27 4
24 i
14 8
.7516
24 5
20 2
.7613
20 1
21 5
.7334
19 9
21 8
.7156
76
23 4
24 0
221
375
239
159
.7505
50 8
14 3
.7337
21.2
.5438
19.2
.4845
12039
9 027
5329
1 306
14 103
10 623
6345
1500
1 256
1 196
1 204
1 318
1 186
1 366
1 509
1083
6 180
4 994
5236
5273
5 191
87 3
88 3
74 6
13 7
90 3
94 4
79 6
80 2
142
158
Consumers (manufacturers only):
Inventory end of period
do
Receipts during period
do
Consumption during period
do
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
Recovery from scrap f
Imports (general):
Metal and alloys crude
Plates sheets bars etc
Exports:
Plates sheets bars etc
Price, U.S. market, 99.7% purity *
Aluminum products:
Shipments:
do
1
do
do
7
do
$ per Ib
Mill products total
do
Sheet and plate
do
Castings
do
Inventdries, total (ingot, mill products, and
41
884
517
128
150
904
524
134
885
518
140
943
590
132
38
928
548
155
930
551
152
do
From foreign ores
- do
Secondary, recovered
as refined
do
Imports (general):
Refined, unrefined,
scrap (copper cont )
do
Refined
do
Exports:
Refined and scrap
do
Refined
do
Consumption, refined
(by mills etc )
thous sh tons
Stocks refined end of period
do
Price, electrolytic (wirebars), dom., delivered
$ per Ib
See footnotes at end of tables.
1
1 139 6 1 038 1
1 227 1 1 182 1
1 064 8 1 003 7
'162 2
178 4
939
960
.6821
.6468
.6317
18.4
.5607
1 199
1366
1343
r
962
r
583
1 144
r
891
r
542
1309
124
940
550
144
r
r
5775
5,774
87 0
101.9
878
665
165
935
539
146
995
587
157
151
4 994
5 176
5 229
5 305
5435
5579
89 7
91 4
86 3
84 1
94 3
1070
95 3
86 8
1066
94 4
10 4
117
123
93 7
1106
1000
97 0
106.8
81 8
106
983
8.6
Copper:
Production:
Refinery primary
205
176
947
129
$53
112
994
890
5618
930
8.9
92.2
83.8
8.4
5702
1
518 7
1
7147
4864
416
28 1
476
307
403
300
393
259 8
21.6
737
561
460
318
655
510
72.9
60.3
52.3
43.5
57.9
49.6
73.6
63.0
41.5
33.6
40.0
29.1
;
381 1
2772
137
280
142
103
28
254
395
1.6
55.5
14.0
16.1
6.8
40.8
14.7
17.1
17.5
305
8.9
47.8
11.2
359
144
32.5
41
7759
7239
6958
7080
6879
7075
7531
7739
7223
6985
6440
6454
6341
350
875
2.3
2.2
1790
668
7431
7926
Oct.
S-26
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
1983
Annual
ITnW_
1982
November 1984
1984
Sep,
1983
Nov.
Oct.
Dec.
Jan.
Mar.
Feb.
June
May
Apr.
Sept.
Aug.
July
Oct.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS— Continued
Copper-base mill and foundry products,
shipments (quarterly total):
Brass mill products
Copper wire mill products
(copper content)
mil Ib
do
Consumption total
do
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content) ABMS
thous met tons
Refiners' (primary), refined and antimonial
(lead content)
thous met tons
Consumers' (lead content) A
do
Scrap (lead-base, purchased), all smelters
(gross weight)
thous met tons
Tin:
Imports (for consumption):
Ore (tin content)
n^
' f
' t t 1 ff '
As metal
Consumption total
Primary
metric tons
tS
H
do
do
do
Stocks, pig (industrial), end of
period
do
Price Straits Quality (delivered)
$ per Ib
Zinc:
Mine prod., recoverable zinc
thous. met. tonsImports (general):
Ores (zinc content)
do
Metal (slab blocks)
do
Consumption (recoverable zinc content):
Scrap all types
Slab zinc: @
Production, total t
512 4
'571 3
Exports . . .
do
Stocks, end of period:
Producers', at smelter (ABMS)
do
Consumers'
do
Price Prime Western
$ per Ib
MACHINERY AND EQUIPMENT
Heating, combustion, atmosphere equipment, new
orders (domestic) net qtrly $
mil $
Electric processing heating equipment
do
Fuel-fired processing heating equip
do
Material handling equipment (industrial):
Orders (new) index seas adj
1967 — 100
Industrial supplies, machinery and equipment:
See footnotes at end of tables.
3
732
3
655
449 0
504 1
74 5
75 0
121
37 2
43 4
37 0
48 9
38 2
48 4
34 8
457
41 8
44 4
42 6
486
46 2
476
20 9
485
24 o
466
21
104 2
64
102 3
52
953
6.1
1079
12.8
1127
5.1
941
8.1
968
6.6
895
71 5
69 1
66 7
74 5
77 9
829
898
627
674
694
721
735
727
122
467
248
445
3.1
873
8.0
96.4
2.4
82.7
3.3
11.4
85 6
757
659
658
706
86.9
78 1
744
805
69.3
80.0
73.1
82.9
73.0
C
73 5
97 2
582
71 7
59 3
66 2
56 3
689
51 9
703
582
717
33 5
2554
32 g
2168
24 8
2169
30 3
2538
32 3
2515
32 8
2446
350
2512
370
2407
343
2503
31 1
2643
309
2537
289
2816
34.2
3051
969
1 931
27 939
34 048
12
12 544 1 ; 372
1 067 1 180
55800
53450
40400
38700
3 552
'9 357
45
3 325
1 130
200
4700
3400
226
71
3 671
830
181
4 800
3500
298
207
2 147
892
224
4400
3200
260
169
3 225
835
227
4800
3 100
280
70
3 556
856
157
4600
3400
278
60
4 661
968
156
4300
3200
446
747
3 344
1 127
186
5300
4100
141
75
5375
1 043
169
3900
3100
375
745
3907
1065
190
4500
3,500
246
354
3356
r
902
190
4400
3,500
303
43
2184
736
182
4100
3,200
216
704
3510
381
2,834
4,400
3,400
C
239
345
3020
6 5475
3604
6 4510
3074
6 4683
3 180
64902
3020
63080
2963
6 2374
2268
62788
2840
63665
3119
63632
2,795
63825
2688
62989
2,837
62600
273.7
3152
6 5392
1
2646
63650
22.9
23.8
21.7
21.6
23.2
25.0
26.9
21.8
22.7
19.9
19.2
16.2
493
M56 1
1
62 2
6134
11
604
27
640
41
666
100
592
14
672
35
714
2.5
601
2.2
658
12.7
510
6.1
532
8.0
552
C
2A
32.6
53 1
208 1
529
190 2
20
167
34
17 4
60
181
57
17 4
58
172
53
168
56
18 1
61
230
65
236
70
222
55
21.7
4.3
21.9
'3025
1799 5
3
2618
17753
4
23.2
69 4
22.1
70 2
1
21.6
768
.3
25.8
721
24.7
731
27.3
71 1
(2)
24.5
628
(2)
^ 23.6
66.4
342
77 6
3847
158
826
5061
15.0
829
5107
39.4
72.7
4952
40.3
66.0
.4785
.4642
300.3
227
67 2
24.1
65 5
24.7
70 1
21.8
63 7
r
9.5
36.9
23.0
()
(2)
(2)
(2)
(2)
239
*89 0
4139
96
74 9
4298
145
73 2
4611
16 1
718
4755
167
739
4874
144
80 3
4922
274 5
878
J
77 3
688
205
168
2492
2757
2719
3556
3592
3352
321 5
2849
2565
3377
3589
370.6
94 6
97 9
105 0
106 6
109 1
112 6
119 6
121 3
113 2
116 1
122 7
119 1
120 3
129 1
121 0
1209
113 9
121 6
119 0
121 0
119 4
127 7
132 1
131 7
132 2
1349
133 1
134 1
144.7
138.9
153 1
155 0
154 8
154 9
155 5
156 3
156 5
157 0
157 ]
158 1
158 4
159 0
159 4
1596
1599
271
282
264
262
286
285
'296 9
654
1282
208
202
1 064 45
88960
2 894 75
2 598 60
1 043 0
1
1
433 30
37175
709 65
59975
1506
1
(2)
20.0
722
5190
C
962
286
299
74 5
237
238
33.9
705
5245
25.3
751
5277
261
253
r
( )
44.4
1088
282
43.4
223
235
229
231
237
248
239
244
245
260
259
263
263
248
1 151 65
1 069 45
1 371 50
1 199 60
823 2
102 45
9860
94 10
8550
878 2
129 45
115 60
102 05
93 15
9056
11535
10765
10725
9615
913 6
9125
84 15
18175
152 15
8232
133 20
12250
7255
6535
883 8
13305
12170
10305
9530
9138
14650
13190
12250
11235
9378
17980
135.70
101 50
9270
1 016 1
18845
167.50
15000
142 10
10546
130.95
107.55
15030
138.75
10352
135.85
126.05
13325
127.50
10378
54450
48875
47355
43045
221 6
5335
4955
3760
33 15
1834
73 10
4085
4335
4085
2132
4490
4085
4045
37 10
2176
6000
4830
5605
5435
221 6
5590
5305
4040
3555
2370
6985
6600
44 25
4040
2626
6195
5675
6675
6000
2578
7330
6590
5725
5230
2739
131 10
124.40
6005
5230
3450
60.80
53.60
5320
4345
352.6
177.55
173.55
6050
54.50
469.6
201
208
2
r
274
294
279
270
135.00 "222.20
118.25 "194.90
116.95 "151.35
111.05 "138.70
10558 "1,126.7
65.60
62.00
4740
44.10
487.8
21.4
2
(2)
Z
Industrial suppliers distribution:
Sales index seas adjusted
1977 — 100
Inflation index, not seas. adj. (tools, material
handling equip., valves, fittings, abrasives,
Fluid power products shipments indexes:
Hydraulic products seas adi
1972 100
Pneumatic products seas adj
do
Machine tools:
Metal cutting type tools:
Orders new (net) total
mil $
Domestic
do
Shipments total
do
Domestic
do
Order backlog end of period
do
Metal forming type tools:
Orders new (net) total
do
Domestic .
.
do
Shipments total
do
Domestic
do
Order backlog end of period
do
735
3
725
3
588
501
1 075 4 i i 148 5
do
thous. met. tons ..
;
3
2285
422
2 393
456
do
Lead:
Production:
Recovered from scrap (lead cont )
Imports (general), ore (lead content),
2116
2014
"64.05
"60.25
"59.40
"51.15
"492.4
36.8
S-27
SURVEY OF CURRENT BUSINESS
November 1984
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
IT
u
Annual
.,
s
1982
1984
1983
1983
Sep..
Oct.
Nov.
Dec.
Feb.
Jan.
Mar.
Apr.
May
June
July
Aug.
Oct.
Sep..
METALS AND MANUFACTURES—Continued
MACHINERY AND
EQUIPMENT— Continued
Tractors used in construction, shipments, qtrly:
7 159
777 3
3430
2647
7 947
633 6
3636
272 9
863
73 8
1 101
84 2
23407
1 009 4
24823
1 143 0
6300
307 5
70 107
2 295 9
51 890
1 816 2
4 940
181 0
5 498
213 2
4 651
174 9
4 619
177 1
5333
168 2
6 450
2208
6908
2503
6 042
236 4
6336
232 2
54 214
31 782
56105
36454
6373
23 218
6548
4 441
6105
4 249
6295
23 510
6499
3 423
4273
2838
3984
23 421
3370
3 549
16,405
19,680
2
2,303
2,050
1,731
2
1,925
1,679
1,632
2
2,133
26 683
2 761
2170
2780
4 071
2035
4364
1340
4*019
2728
7536
32438
2 002
3,093
3 544
5933
2754
5477
1 341
4616
3294
7942
2 909
58
291
300
576
250
565
117
438
309
2214
3 046
32
311
360
771
265
494
85
412
323
2820
52
302
393
648
254
410
72
377
313
2 535
98
245
264
772
211
321
77
292
250
1848
3 273
'l68
308
340
738
260
494
103
479
366
3 023
262
242
355
587
237
426
95
427
331
do
1 156
1368
1 662
1573
176
156
197
136
167
134
173
149
146
132
do ....
3,041
3,172
239
280
253
269
319
mil $
units
mil $
Tractor shovel loaders (integral units only),
wheel and tracklaying types
units
mil $
Tractors, wheel, farm, nonfarm (ex. garden and
construction types) ship qtrly
units
mil $
ELECTRICAL EQUIPMENT
Batteries (auto.-type replacement),
shipments
thous
Wheel (contractors' off-highway)
Television sets (incl. combination models),
production, total market
thous ..
Household major appliances (electrical), factory
Ai conH'tio
(
' "J
Dishwashers
H
do
Microwave ovens/ranges *
do
Ranges
do
Refrigerators
do
Freezers
do
Washers....;.. .
do
Dryers (incl. gas)
do
Vacuum cleaners (qtrly )
do
GAS EQUIPMENT (RESIDENTIAL)
Furnaces, gravity and forced-air,
Ranges, total, sales
Water heaters (storage), automatic,
sales
784
71 4
797
73 3
806
77 6
1 126
94 o
588
50 2
725
629
655
628
6087
217 1
3661
1289
2,378
779
3759
3 468
4 171
23588
3995
4 855
'5,377
1,668
1,659
2
2,108
1,372
1,761
3 387
504
258
368
615
260
509
89
420
287
2277
3170
459
258
348
612
237
484
90
364
250
3661
*588
296
279
719
262
574
110
436
289
3836
648
286
328
726
265
641
126
428
274
3243
187
291
280
662
267
652
153
417
283
3 142
47
300
331
716
252
577
133
445
308
3,249
40
302
362
888
271
520
106
435
322
142
133
127
154
116
136
118
134
137
153
134
121
170
146
200
173
315
308
337
277
276
277
259
236
91
610.8
610.8
8,619
546.6
540.5
775
62 3
667
54 2
665
49 i
7556
3834
815
60 6
1 124
1059
717
631
985
784
8,964
3940
8794
3588
5,968
2
2,480
2,102
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production "j"
thous sh tons
4,588
4,113
Exports
do
980
776
Producer Price Index
.
1967 — 100
640.3
617.1
Bituminous:
Production "1"
thous sh tons
833,523 780,752
Consumption total "j"
do
703,561 733,850
Electric power utilities
do
592,591 624,175
Industrial total
do
104,372 102,586
Coke plants (oven and beehive)
do
40,859
37,005
Residential and commercial
do....
6,598
7,090
Stocks, end of period, total t
do.... 189,085 162,070
Electric power utilities
do
175,053 149,091
Industrial total
do
14,032
12,979
Oven-coke plants
do
4,625
4,337
Exports
do
105,244
76,870
Producer Price Index
1967-100
530.4
533.8
COKE
Production:
>
Beehive and oven (byproduct)
thous. sh. tons .. 28,115 25,808
Petroleum coke §
do
29,908 30,661
Stocks, end of period:
Oven-coke plants total
do
8,190
3,518
At furnace plants
do
7,858
3,233
At merchant plants
do
331
286
Petroleum coke
do
1,344
1,096
Exports
do
1,109
731
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
number.. 40,300 r37,178
733.4
Producer Price Index
1967 = 100 ..
681.4
Gross input to crude oil distillation
4,442.6 4,360.7
units $
mil bbl
70
72
All oils, supply, demand, and stocks: t
New supply, total <>
mil. bbl .. 5,608.2 5,602.9
Production:
Crude petroleum
do
3,156.7 3,171.0
Natural gas plant liquids
do....
588.2
585.1
Imports:
Crude and unfinished oils
do.... 1,352.4 1,317.8
Refined products
do
514.0
525.9
23.7
Change in stocks all oils
do
537
5,880.4 5,829.2
Product demand total
do
Exports:
Crude petroleum
do....
86.3
59.9
211.2
Refined products
do
209.9
See footnotes at end of tables.
387
117
610.4
416
139
610.4
414
93
612.0
361
66
612.3
246
9
612.2
268
5
612.0
297
3
611.2
358
55
610.4
400
35
611.1
370
40
610.8
382
121
610.8
458
186
610.8
70,437
63,085
54,127
8,319
3,194
639
167,240
154,948
12,292
3,831
7,393
534.6
71,956
60,198
50,598
8,929
3,304
671
172,589
160,068
12,521
4,000
7,978
534.9
69,833
61,150
51,099
9,341
3,332
710
172,676
159,927
12,749
4,168
5,726
539.1
61,896
70,235
59,030
10,296
3,458
909
162,070
149,091
12,979
4,337
6,194
540.7
67,751
71,699
60,126
10,669
3,787
904
155,511
142,223
13,288
4,939
5,053
538.1
73,794
62,812
52,182
9,839
3,588
791
161,898
148,301
13,597
5,541
4,243
541.5
81,595
64,888
54,465
9,859
3,839
564
166,282
152,378
13,904
6,142
5,809
543.1
71,152
79,404
76,910
74,309
89,172
47,470
49,408
56,821
158,082
165,619
166,408
7,633
538.9
8,185
544.4
7,787
541.1
8,197
543.7
8,048
547.7
6,753
2,575
2,610
2,743
7 025
2,671
2,713
2,598
7 696
2,797
2,728
2,809
8,227
2,734
2,652
2,487
1,127
55
1,265
23
3 153
2,848
306
1,136
61
1,139
66
980
75
2,966
2,666
300
912
110
981
96
954
115
87
3,723
673.3
2,629
673.1
3,968
672.3
3,946
672.0
389.9
78
r
3,875
3,577
298
964
45
1,110
49
1,101
47
3,518
3,233
286
1,096
119
3,736
675.7
2,970
675.7
3,237
675.6
3,470
674.4
3,253
675.6
3,212
675.6
4,092
675.6
2,821
673.9
3,137
673.9
381.9
78
371.1
73
366.8
75
354.1
70
365.8
73
356.0
76
374.7
75
361.8
75
384.8
77
371.8
77
379.1
76
497.3
486.5
470.1
465.5
.484.5
465.5
483.6
469.9
506.2
471.0
492.0
480.8
r
r
263.5
49.9
271.9
51.6
263.1
50.7
260.3
49.2
268.4
50.3
253.0
48.8
270.3
50.7
260.6
49.8
271.3
51.6
262.3
49.6
271.8
53.3
272.2
52.5
136.0
47.9
25.8
485.7
115.3
47.7
22.2
481.7
108.9
47.4
2.0
485.4
110.0
46.0
-55.9
538.3
103.8
62.0
-23.1
536.3
93.7
69.9
33.9
463.1
114.8
47.8
-19.9
522.4
114.4
45.1
20.8
484.1
133.4
50.0
32.2
514.7
111.4
47.7
5.2
496.4
122.1
44.8
11.4
498.5
108.4
47.6
-13.5
522.6
5.3
15.2
4.3
13.5
5.6
14.8
2.9
16.9
4.7
13.1
5.4
11.4
7.3
18.6
5.1
14.4
6.8
16.9
6.7
19.2
3.3
13.2
5.9
16.7
670.8
S-28
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
1983
Annual
.. ..
units
1982
November 1984
1984
1983
Nov.
Oct.
Sept.
Dec.
Jan.
Oct.
Sept.
May
June
July
Aug.
464 5
496 5
201 2
2023
34
39
879
100 9
407
508
345
34 1
54
52
86
62
417
490
1 444 0 1 4648
7445
7275
3969
3918
491 0
214.2
16
876
378
352
44
132
438
14970
7636
4045
470 6
213.9
29
781
397
32.7
4.7
178
418
1 5022
7664
4137
4820
213.3
28
781
37.6
36.9
4.4
194
455
1 5136
7721
423.9
5000
221.7
2.5
79.8
39.2
38.7
4.7
22.0
46.2
1,500.1
764.4
429.5
Apr.
Mar.
Feb.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
All oils, supply, demand, and stocks $— Continued
Gasoline
Kerosene
Distillate fuel oil
Residual fuel oil
Jet fuel
Lubricants
do
do
do
do
do
do
5 582 9 5 559 4
465 2
23961 24265
2028
47 0
46 4
31
9749
981 9
77 3
626 5
518 6
40 5
3696
3818
323
510
534
50
124 4 2 136 2
17 8
547 3
550 7
459
1 429 9 1 453 6 1 4853
6436
7229
707 7
2938
379 1
361 0
Liquefied gases
do
Stocks end of period total
do
Crude petroleum
do
Strategic petroleum reserve
do
Unfinished oils, natural gasoline, etc
do
1581
Refined products
do
6283
Refined petroleum products: t
Gasoline (incl. aviation):
Production
do
23221
Stocks end of period
do
1968
Prices, regular grade (excl. aviation):
Producer Price Index..
2/73 = 100 ..
612.5
Retail, U.S. city average (BLS): *
Leaded
$ per gal..
1.222
Unleaded
do
1296
Aviation gasoline:
Production
mil bbl
89
Stocks end of period
do
23
Kerosene:
Production
do
42 0
10 4
Stocks end of period
do
Producer Price Index (light
distillate)
1967-100
9964
Distillate fuel oil:
Production
mil bbl
951 3
34 o
Stocks end of period
do
178 6
Producer Price Index (middle
distillate)
1967-100
1,012.7
Residual fuel oil:
Production
mil bbl
3904
283 1
Stocks end of period
do
66 2
Producer Price Index
1967 — 100
1,182.0
Jet fuel:
Production
mil bbl
357 0
368
Stocks end of period
do
Lubricants:
Production
do
516
' Stocks end of period
do
125
Asphalt:
Production
do
119 4
Stocks end of period
do
159
Liquefied gases (incl. ethane and ethylene):
Production, total
do
5575
At gas processing plants
(L P G )
do
459 0
At refineries (L R G )
do
98 5
Stocks (at plants and refineries)
do...
94.0
4650
463 8
2052
1988
48
34
86 2
80 9
408
385
303
31 0
44
52
10 5
14 2
492
45 5
1 507 5 1 5096
7127
7162
371 3
3672
518 5
2129
7i
104 3
492
366
40
43
632
1 453 6
7229
379 1
518 5
1947
65
108 2
61 4
370
41
42
61 8
1 4300
7329
3844
446 3
181 5
32
82 4
465
323
51
45
495
1 4639
7275
3872
1615
5692
1709
6068
171 7
6197
166.2
6306
161.5
5692
159.9
5373
1592
5773
164.7
551 8
170.4
5500
175.0
5584
163.3
5725
156.0
585.5
155.7
580.0
23233
1878
1993
1918
1927
1895
1997
1984
196 1
1878
1877
1880
184 1
1993
1982
2055
1965
210.0
2070
213.0
199.6
206.5
201.8
202.6
200.4
189.0
551.7
566.3
559.2
548.2
535.8
518.3
512.4
517.9
520.5
532.6
531.0
522.2
505.5
501.2
510.7
1.157
1 241
1.189
1.274
1.172
1.255
1.156
1.241
1.146
1.231
1.131
1.216
1.125
1.209
1.125
1.210
1.145
1.227
1.154
1.236
1.147
1.229
1.129
1.212
1.116
1.196
1.120
1.203
1.127
1.209
92
23
10
25
8
24
7
24
5
23
6
24
9
26
5
27
6
2.6
8
2.3
1.0
2.4
.9
2.5
.9
2.4
40 0
79
35
93
43
104
39
102
41
79
56
75
44
93
25
78
22
67
25
76
29
7.9
26
8.0
2.7
8.5
9061
8804
8893
885.5
881.4
872.2
885.8
903.5
879.2
876.8
876.5
873.4
862.1
852.2
853.5
896 5
63 5
140 3
82 2
78
154 0
83 1
81
1626
80 4
61
1612
782
68
1403
80 1
84
1195
83 1
133
1322
769
36
1096
704
66
978
81 6
78
982
864
80
1129
848
61
124.5
830
8.2
133.5
889.8
894.3
912.2
901.8
892.1
871.4
924.4
952.1
874.9
881.9
895.2
892.6
858.9
837.0
853.7
27 5
196
476
1,114.0
25.2
19 1
474
1,106.8
25.7
25.2
172
203
46.3
46.8
1,131.2 1,138.4
24.6
18.5
49.2
1,159.4
25.0
17.7
44.7
1,152.9
1,119.4
1,113.2
250
19 8
51 2
1,120.0
254
23 4
542
1,125.5
278
20 1
485
1,109.6
295
329
454
1,091.0
29 1
321
576
1,093.2
r
r
r
3109
255 2
48 5
1,058 9
248
21 2
49 7
1,102.1
3732
386
327
41 4
31 2
432
324
456
293
386
325
356
327
390
342
406
319
407
338
40.9
33.6
42.9
36.8
43.6
37.9
45.6
538
121
47
109
49
106
52
11 5
45
12 1
43
123
46
117
49
112
55
110
48
10.9
49
11.1
5.3
11.7
5.1
12.2
^1357
2
18 8
15 3
169
133
163
99
158
74
188
64
21 1
70
236
78
252
100
266
13 1
266
15.0
23.9
16.5
21.4
18.1
18.3
5992
51 1
523
535
510
499
49.0
52.2
51.3
53.0
51.4
„ 54.2
54.1
479 6
119 6
100.6
40 2
109
118.0
41 7
10 7
120.5
43 2
10 4
118.4
41 8
92
100.6
40 0
oa
93.2
38 9
10 1
88.9
40 5
118
88.6
398
11 5
93.7
408
122
100.5
394
12.1
106.2
41.7
12.6
110.5
41.9
12.2
114.6
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD t
thous cords (128 cu ft )
do
1
78
1
519
79 039
5426
7
84
1
475
85 442
5229
7286
7 203
5 051
7691
7 534
5 430
7 172
7 267
5 266
6691
6741
5 229
7044
7 185
5 168
7434
72%
5 192
7619
7660
5 157
7,100
7344
4777
7,425
7439
4782
7,423
7,264
4682
7,197
7,192
4621
7,642
7,368
4,825
1
Receipts
Consumption
13 565
1022
1
14 539
920
1 202
876
1 337
'864
1 275
864
1 157
920
1 292
908
1 276
896
1384
896
1353
886
1397
858
1294
870
1219
934
1,350
955
/ 49 334
1 092
39478
1
52 537
1 261
42*358
4 422
91
3 586
4 685
113
3 777
4 597
117
3704
4 124
106
3297
4 513
98
3601
4 539
106
3651
4 858
106
3921
4 715
117
3779
4762
109
3826
4696
100
3,767
4530
99
3,645
4,790
109
3,890
WASTE PAPER t
Inventories end of period
WOODPULP t
Production:
Total
Dissolving pulp
Paper grades chemical pulp
Groundwood and thermo-
do
thous sh tons
do
do
Semi-chemical
Inventories, end of period:
At pulp mills:
Own use woodpulp
Market pulp
Market pulp at paper and board
mills
Exports all grades total
Dissolving and special alpha
All other
Imports all grades total
All other
See footnotes at end of tables.
do
5 064
3699
5067
3851
427
318
449
347
443
334
419
303
463
352
454
328
466
365
472
347
476
351
482
346
do
do
177
437
170
384
193
420
186
449
192
484
170
384
151
394
142
351
154
324
157
341
146
329
159
319
429
3 395
631
1
2,763
'3894
162
;
3,732
504
'3674
646
1
3,027
'4093
'l79
;
3914
466
328
30
298
332
11
321
476
314
77
900
499
252
61
191
362
7
355
522
384
72
312
345
20
325
564
360
52
208
337
14
546
317
38
279
420
11
409
588
374
74
300
341
19
322
618
249
53
196
338
6
331
594
336
47
290
387
17
370
596
307
57
249
360
6
354
do
do
do
do.
do
do
1
431
15
416
ooQ
r
r
r
471
316
461
330
153
379
155
409
542
279
41
238
357
15
342
506
318
43
275
389
8
381
r
285
49
236
386
22
364
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-29
SURVEY OF CURRENT BUSINESS
November 1984
Annual
1T .,
ljnits
1982
1984
1983
1983
Sept.
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
May
Apr.
July
June
Sept.
Aug.
Oct.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS t
Paper and board:
Production (API):
;
Total. ...
thous sh tons
59 456
Paper
do
30 390
Paperboard.
do
29065
Producer price indexes:
Paperboard
1967 = 100 ..
254.9
Building paper and board
do
2395
Selected types of paper (API):
Groundwood paper, uncoated:
i\ 48i
Orders new
thous sh tons
Orders, unfilled, end of period
do
92
i\ 471
Shipments
.
do
Coated paper:
Orders, new
do
'4941
Orders, unfilled, end of period
do
322
Shipments
..
do
4974
Uncoated free sheet papers:
1
Orders new
do
7 827
J
Shipments
do
8 184
Unbleached kraft packaging and industrial
converting papers:
;
Shipments
thous sh tons
3688
1
Tissue paper production
do
4 438
Newsprint:
Canada:
Production
thous metric tons
8 109
Shipments from mills
do
8,054
Stocks at mills, end of period
do
256
United States:
Production
do
4574
Shipments from mills
do
4525
Stocks at mills, end of period
do
86
Consumption by publishers Q '
do
10 107
Stocks at and in transit to publishers, end
of period
' thous metric tons
854
Imports
thous sh tons
6 531
Price, rolls, contract, f.o.b. mill, freight
allowed or delivered
Index, 1967 = 100..
315.8
Paper products:
Shipping containers, corrugated and solid
fiber shipments
mil. sq. ft. surf, area.. 235,185
1
r
5,891
r
2924
r
2968
5,660
2806
2854
279.1
262.9
285.4
258.4
288.2
258.1
125
165
131
139
150
138
150
166
129
133
167
133
489
508
546
542
510
524
r
502
r
495
r
r
545
r
488
r
496
472
513
697
786
773
833
696
795
r
r
726
r
727
768
352
421
331
402
323
412
316
402
328
405
318
411
313
386
622
646
337
666
674
329
737
701
365
811
850
327
780
872
235
825
759
301
775
752
325
737
734
328
417
415
103
847
410
412
102
880
434
454
82
946
422
439
65
973
436 !1
451
50
992
55
916
424
419
409
413
52
426
417
61
r
944
415
409
67
968
790
593
785
663
808
621
778
591
770
573
811
654
873
740
955
722
r
713
935
666
309.6
309.6
309.6
309.6
316.0
314.8
314.8
314.8
334.7
330.7
331.2
21,043
19,874
22,070
21,983
23,650
21,960
23,001
22,387
21,257
23,759
21,605
7394
8703
5606
8475
r
5586
r
3012
5842
2888
2954
277.1
265.8
277.8
2652
279.1
265.1
141
187
140
139
194
133
117
173
133
527
540
512
552
557
531
516
568
510
739
805
726
789
820
846
301
390
322
407
322
393
774
766
352
673
723
303
757
699
361
406
407
116
1001
414
412
117
985
372
390
99
954
812
543
785
634
750
633
310.4
309.6
22,335
23,476
65 154
32977
32 177
5 501
2764
2737
5 832
2935
2 897
5642
2863
2778
5 169
2706
2463
5 680
2 886
2795
5 661
2851
2810
6079
3 050
3029
5776
2888
2888
6011
2*999
250.1
2500
254.0
2528
255.5
2547
259.4
2547
260.9
2504
262.2
2519
271.8
2551
275.6
2586
1
1 581
'l59
'1 531
131
153
132
152
164
142
124
153
137
122
156
121
143
157
135
149
185
129
'5896
546
5696
451
492
485
523
496
535
463
447
513
545
551
496
496
520
508
*9 077
'9095
720
748
741
794
757
773
735
750
'3807
4 790
327
399
339
414
329
408
8 486
8439
303
707
738
358
750
764
344
4688
4675
99
10579
377
378
116
885
790
6 919
302.9
1
252,876
r
2794
2792
478
694
750
r
912
538
801
r
951
291.8
257.3
338.2
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
....
thous. metric tons
66061
Stocks, end of period
do
9542
Imports, incl. latex and guayule
thous. long tons
61827
Price, wholesale, smoked sheets
(N.Y.)
:
$ per Ib
453
Synthetic rubber:
Production
thous metric tons
1 828 95
Consumption . .
do
1*757 30
Stocks, end of period ....
do
25594
Exports (Bu. of Census)
thous. Ig. tons .. 284.62
TIRES AND TUBES
Pneumatic casings, automotive:
Production
thous 1 178 500
Shipments, total
do
201 236
Original equipment
do
38 633
Replacement equipment
do
158 688
Exports
do
3915
Stocks; end of period
do
39 955
Exports (Bu. of Census)
do
5971
Inner tubes, automotive:
Exports (Bu. of Census)
do
1924
See footnotes at end of tables.
67627
8075
50 21
8329
75 29
7483
69 67
7587
49 57
9075
73 76
9519
5678
9568
83 05
8768
6824
8776
65 12
9142
4235
8846
64207
4422
6783
7106
5471
8784
5782
7545
6918
7025
4145
7381
56.23
67.46
605
605
583
573
583
580
568
518
470
460
460
460
1 978 28
1 860 79
28380
275.01
163 16
174 39
26234
22.01
177 96
184 53
256 12
20.14
193 73
162 14
282 72
23.75
163 29
150 21
283 79
23.67
183 29
177 54
284 08
24.12
173 02
175 36
277 18
22.22
190 26
18045
276 95
28.09
193 22
16672
294 64
29.13
191 43
167 11
30501
29.42
183 66
170 97
30226
28.02
166 66
147 14
r
309 26
29.58
17843
17385
30064
30.24
29.95
186 923
218 865
49364
164 265
5236
33 340
4 656
16360
21 246
5003
15717
526
32 854
447
16734
20532
4 870
15 153
509
31 530
391
15136
17527
4 625
12 458
444
31 676
485
15483
16077
4 608
10 890
579
33 340
484
16749
18509
4 755
13 118
636
35450
458
17498
17971
5 109
12 253
609
37 615
427
19122
21422
5728
14973
721
38 529
544
16988
20851
4 970
15255
626
38026
539
18043
21 121
5 290
15205
626
37 693
625
18557
21084
5 109
15420
555
37 678
500
18078
20282
4 551
15 067
664
37 199
453
670
533
1829
169
240
126
177
97
137
187
85
119
103
120
90
149
2
560
r
430
S-30
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
,, ..
Annual
November 1984
1984
1983
uniw
1982
1983
Sept.
Oct.
Jan.
Dec.
Nov.
Sept.
Mar.
Feb.
Apr.
May
June
July
Aug.
43 059
42117
Oct.
46851
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments finished cement
thous bbl 1 343 628
CLAY CONSTRUCTION PRODUCTS
Shipments: $
Brick, unglazed (common and face)
5076 5
mil standard brick
Structural tile except facing
thous sh tons
600
Sewer pipe and fittings, vitrified
do
4419
Floor and wall tile and accessories, glazed
and unglazed
mi. sq. ft..
2950
Producer Price Index, Brick (common), f.o.b.
plant or N.Y. dock
1967 = 100 ..
312.5
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments
thous $
892 059
Glass containers: t
Production
thous gross
309 376
Shipments total
do
307 113
Narrow-neck containers:
Food
do
27658
Beverage
do
61 020
Beer
.
do
107 861
Liquor and wine
do
22265
Wide-mouth containers:
Food and dairy products
do
63372
Narrow-neck and wide-mouth containers:
Medicinal and toilet
do
22322
Chemical, household and industrial
do
2615
Stocks, end of period
do
45634
GYPSUM AND PRODUCTS
Production:
1 10 538
Crude gypsum (exc byproduct) thous sh tons
1 11 243
Calcined
do
Imports crude gypsum
do
6718
Sales of gypsum products:
Uncalcined
do
M528
Calcined:
Industrial plasters
do
'430
Building plasters, total
(incl Keene's cement) @
do
'264
Board products total
mil SQ ft
13 093
Lath
do
39
Veneer base
do
286
Gypsum sheathing
do
264
Regular gypsum board
do
8447
Type X gypsum board
do
3 486
Predecorated wallboard
do
119
5
/ie mobile home board
do...
453
1 376 356
39 537
39053
32771
22202
20356
25 638
29 202
34 346
41 527
5791 6
30 1
3751
5834
36
400
5457
33
386
494 2
21
29 8
3754
2i
20 9
332 3
10
23 3
4103
19
222
4666
24
297
554 1
19
32 8
6187
22
35 5
3336
273
292
270
256
246
267
298
280
31 1
337.8
341.9
344.0
345.3
345.5
345.8
345.6
346.8
348.3
349.5
968 652
251 886
292 494
291 512
24 137
25 264
25891
23 396
21 444
20 565
21 126
21 109
23 174
21 396
25 147
24388
24 658
23 371
24891
24 620
28270
62617
97 100
23628
3025
5648
7575
2075
1935
4 732
7 165
2354
1675
4 429
6 256
1*929
1392
3 916
5778
1 696
2092
3 966
6887
1838
2221
4 434
6483
1789
2578
4 639
7781
2213
1995
5033
7925
2008
60 108
5527
5642
4 861
4232
4943
4923
5416
18001
1 282
1 443
1 296
1 351
1 240
1 340
1 596
1788
43469
132
44 119
221 218
249 777
125
44675
119
45182
16605
18 476
111
43469
143
44855
156
46357
165
46714
1292
1289
721
r
641 1
r
41
r
392
r
6327
37
372
294
279
350.7
352.2
r
352.2
354.5
354.7
4,324
13,271
235 270
T
25 611
25 911
25610
26060
2377
5431
8644
1996
r
2323
r
6 100
r
8906
r
2345
6499
8959
2011
4 954
4837
r
4979
5034
1 342
1 203
1 250
1024
114
47677
r
2188
132
46995
165
r
46 021
188
46321
1220
1276
598
1 183
1 119
571
1064
1 192
1266
1 511
1 236
658
12 948
13*710
8031
1 300
1262
872
1 221
1*278
995
1 161
1 213
741
1 117
1 161
561
1 056
1 263
705
1 064
1*212
703
4064
432
471
339
383
268
266
321
324
433
524
373
469
35
40
40
36
36
40
47
45
38
44
42
49
20
1 524
22
1 693
4
39
28
1070
456
12
83
20
1 591
2
31
30
992
426
11
99
21
1 528
4
34
29
937
420
12
93
21
1 434
3
28
26
874
419
10
74
21
1490
3
24
931
419
11
70
23
1581
2
36
27
986
<*33
11
84
605
231
374
631
260
372
557
250
306
3
760
3
292
3
468
625
262
363
536
243
293
599
233
366
639
264
375
519
214
305
595
231
364
639
263
376
521
216
305
3
707
3
263
3
399
151
248
618
240
378
r
517
194
090
566
214
352
626
237
389
508
195
313
163
636
1,179
469
448
3
548
423
442
3
3
9 512
9511
1 222
7643
646
8347
8346
1 275
6359
712
6903
6903
1 166
4997
740
5 698
5697
962
3 960
775
4702
4701
943
2993
765
M42
257
16 818
36
368
344
10807
4 283
119
861
23
1 471
3
33
31
933
381
10
80
22
1 548
2
31
30
981
402
10
90
20
1 493
3
32
29
970
385
9
65
19
1 542
4
34
25
1000
408
10
62
20
1 494
2
34
28
945
407
10
66
€
37
28
970
398
12
75
1 235
1331
668
TEXTILE PRODUCTS
FABRIC
Woven fabric, finishing plants:
Production (finished fabric) " mil linear yd
Cotton
do
Manmade fiber and silk fabrics
do
Inventories held at end of period
do
Cotton
do
Manmade fiber and silk fabrics
do
Backlog of finishing orders .
do
Cotton
do
Manmade fiber and silk fabrics . .
.do.
COTTON AND MANUFACTURES
Cotton (excluding linters):
Production:
Ginnings Q
thous. running bales ..
Crop estimate
thous net weight bales §
Consumption
thous running bales
Stocks in the United States, total, end of
period $
thous running bales
Domestic cotton total
do
On farms and in transit
do
Public storage and compresses
do
Consuming establishments
do
See footnotes at end of tables.
5 270
2750
2 519
694
254
440
9 525
4 926
4599
720
252
468
11,526
11963
4 933
7504
7721
5 553
14 232
14229
2433
11 101
695
10 686
10685
1 159
8 924
602
3
937
3
490
3
448
757
287
470
639
230
409
801
434
367
777
292
485
633
225
408
778
430
349
789
284
505
603
223
380
763
3348
6007
560
459
446
13 116
13 115
6 663
5814
638
12 515
12 514
4 767
7 192
555
11 725
11724
2 506
8 665
*553
3
3
824
3
465
3
358
720
252
468
575
219
356
552
210
342
626
256
370
539
229
311
444
627
250
377
476
192
284
7214
3
468
10686
10685
1 159
8924
602
503
354
416
3775
3774
• 741
2212
821
2833
2832
300
1757
708
14798
14,797
12592
1491
714
491
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-31
SURVEY OF CURRENT BUSINESS
November 1984
Annual
1T ..
Lnits
1982
1984
1983
1983
Nov.
Oct.
Sept.
Jan.
Dec.
Feb.
Mar.
Apr.
June
May
Sept.
Aug.
July
Oct.
TEXTILE PRODUCTS—Continued
COTTON AND MANUFACTURES— Cont.
Cotton (excluding linters)— Continued
Exports
.
thous running bales
6 079
5 649
g
Imports
thous net-weight bales §
39
r
r
Price(farm), American upland <>
cents per lb..
59.1
66.0
Price, Strict Low Middling, Grade 41, staple 34
5
(IVis"), average 10 markets
cents per lb..
605
631
Spindle activity (cotton system spindles):
Active spindles, last working
day, total
mil
142
139
Consuming 100 percent cotton
do
53
53
Spindle hours operated, all
fibers, total
bil
816
903
Average per working day
do
320
343
Consuming 100 percent cotton
do
302
337
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly.)
mil. sq. yd
3794
4 192
Orders, unfilled, end of period, compared
with average weekly production
' no weeks' prod
11 1
11 8
Inventories, end of period, compared with
,
71
avg weekly production
no weeks' prod
47
Ratio of stocks to unfilled orders (at cotton
mills) end of period
40
65
Exports, raw cotton equiv. thous.
net-weight
480 lb bales
2392
1888
Imports raw cotton equivalent
>
do
601 3
793 1
Producer Price Index, gray cotton
broadwovens *
12/75= 100 :.
152.6
152.1
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly:
Acetate filament yarn
mil lb
1952
2276
Rayon staple, including tow
do
3550
3748
Noncellulosic, except textile glass:
Yarn and monofilaments
do
30403 35605
Staple, incl. tow
do
34025 39706
Textile glass
fiber
do
8992 1 1660
Fiber stocks, producers', end of period:
Acetate filament yarn
mil lb
125
107
Rayon staple including tow
do
233
25 9
Noncellulosic fiber, except textile glass:
Yarn and monofilaments..
do
2751
2798
Staple incl tow
do
324 8
3420
Textile glass
fiber
do
1410
1252
Manmade fiber and silk broadwoven fabrics:
Production(qtrly ) total #
mil sq yd
97604 11 460 7
Filament yarn (100%) fabrics #
do
36696 44729
Chiefly rayon and/or acetate
fabrics
do
3466
2961
Chiefly nylon fabrics ....
do
3975
357 1
Spun yarn (100%) fabrics #
do
5067 6 5702 1
Rayon and/or 'acetate fabrics, blends
do
941
869
Polyester blends with cotton
do.... 3,565 4 4,417.4
Acetate filament and spun
yarn fabrics
do
8533 10949
Producer Price Index, gray synthetic
broadwovens *
.
12/75=100..
143.7
147.0
Manmade fiber textile trade:
Exports manmade fiber equivalent
mil Ibs
43855 46071
Yarn tops thread cloth
do
200 59 167 19
Cloth, woven
do
13257 10866
Manufactured prods., apparel,
furnishings
do
23796 293 52
Imports manmade fiber equivalent
do
807 10 1 069 49
Yarn, tops, thread cloth
do
13258 18250
Cloth, woven
do
9334 12321
Manufactured products, apparel,
furnishings
do
674 51 88699
Apparel, total
do
48531 57439
Knit apparel
'
do
19309 24130
WOOL AND MANUFACTURES
Wool consumption, mill (clean basis):
1059
1267
Carpet class
do
98
114
Wool imports clean yield
do
614
78 1
Duty-free
do
21 4
287
Wool prices, raw, shorn, clean basis, delivered
to U.S. mills:
Domestic—Graded territory, 64's, staple 2%"
5
7
and up .
.
. . . cents per lb
247
212
Australian 64's Type 62 duty-paid
do
2 99
266
Wool broadwoven goods, exc. felts:
Production (qtrly )
mil sq yd
121 1
143 5
FLOOR COVERINGS
Carpet, rugs, carpeting (woven, tufted, other),
shipments quarterly
mil sq yds
8858 10901
APPAREL
Women's, misses', juniors' apparel cuttings:
7
Coats
..
. '
thous units 1 12 617 12,709
166 747 167 046
Dresses
do
1
:
12 138 12988
Suits (incl pant suits jumpsuits)
do
1
104 430 102,835
Skirts
do
1 27 845 30909
Blouses
thous dozen
See footnotes at end of tables.
322
1
62.8
r
261
1
63.1
r
441
1
67.0
632
(6)
-66.2
663
1
62.7
r
719
1
65.0
r
896
67.2
607
1
'72.7
723
(6)
(6)
r
r
70.1
422
2
68.0
365
3
'65.9
452
2
67.2
r
717
720
734
73.0
706
714
749
756
79.4
75.0
67.4
63.0
142
53
149
53
14 1
53
139
53
138
52
140
52
136
51
137
51
137
51
136
51
136
51
77
384
30
74
369
29
76
305
30
74
371
28
80
400
29
91
364
43 2
69
346
25
70
350
25
82
328
30
55
276
20
"65.0
61.2
61.2
84
5.1
88
352
43 4
264
1
64.6
r
64
322
24
1040
1032
124
38
31
4
1,044
1092
126
127
138
132
14 2
150
14 7
131
123
145
115
38
42
48
4g
45
39
40
42
39
52
45
33
34
35
28
32
32
35
39
153
809
148
77 4
142
992
136
102 1
134
97 9
142
79 1
169
989
135
1017
156.7
157.3
158.1
158.2
157.5
159.9
158.8
159.1
159.0
158.4
153.7
151.8
152.5
30
154
77 9
160
71 4
152.8
156.0
156.7
32
123
96 5
158.6
26
613
921
538
98.0
552
1040
9033
10328
3132
9321
1,035.6
3346
8977
1,011 5
3332
14 1
213
125
233
132
253
2704
3008
1027
275.1
3420
1252
2980
3632
1412
2801 4
10745
3 1429
12968
30549
12277
30680
12640
726
1 422 5
1115
1 497 4
13640
1406
1 4809
141 5
137 1
14724
21 1
1,094 8
231
1 1556
266
1 1365
28.4
1,141.8
2578
2950
2868
274.3
147.7
149.3
151.5
151.0
148.8
151.2
152.3
152.4
153.5
153.3
153.4
4063
1313
9.08
39 50
14 39
941
3697
1472
931
3644
13 44
877
3524
1249
776
3508
1274
793
37 05
13 19
796
4021
1586
883
3850
1294
826
4279
1570
9^91
4653
1655
10.79
2511
98 34
1562
1075
2226
106 84
17 41
1103
2300
8583
1469
955
2274
77 93
13 36
907
2234
10034
1891
1250
2386
11886
1827
1151
2435
110 21
1934
1253
2556
110 50
2011
1454
2709
114 35
1828
1265
29.98
12245
1865
1345
27.50
16947
2544
17.34
8272
5439
2428
8943
5624
2422
71 15
4275
1619
6458
3418
1105
8143
5131
1764
10059
6314
2239
9087
53 16
1863
9040
5085
1980
9606
56.11
2333
10380
59.78
2585
144.03
88.89
38.38
12 3
14
51
19
10 7
9
85
33
107
7
80
25
11 8
4
8
89
38
106
8
11 2
27
12 1
*8
90
18
4 14 o
4
10
78
27
11 4
1.0
78
28
12 1
1.0
104
31
225
263
225
271
225
270
228
266
230
268
230
276
2.30
279
245
276
2.34
271
4
4
4
4
13 1
1.0
6.7
22
83
.6
9.6
45
97
.7
6.4
29
2.30
269
2.30
2.55
2.30
2.59
4
28 8
370
478
453
2859
2962
2725
2982
1,558
12725
1095
9,236
2700
1,341
12572
1 149
8883
2913
1,147
11950
1072
8131
2527
569
10118
984
7502
2288
439
13942
1 192
8,018
2754
503
16662
1344
8,567
2858
568
16693
1461
8,712
2990
602
15359
1256
7,365
2776
979
13698
1309
9,007
2439
1,057
11266
1,087
8,016
2264
1,055
10338
948
6,836
1962
2.30
2.47
S-32
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
,, ..
units
1982
November 1984
1984
1983
Annual
1983
Sept.
Oct.
Nov.
Dec.
Oct.
July
Aug.
956
1861
9308
18 179
3811
26,576
752
1 461
7396
15335
2899
31,426
24,637
23,627
7355
3065
325
892.8
-3621
469
7
393.4
7
1 535
246
137
389
665
601
896
721
174
10.2
8.1
2.1
699
639
1,047
803
244
11.0
8.4
2.5
676
620
958
727
230
6
10.8
6
8.2
6
2.6
517
474
890
684
206
10.6
8.3
2.3
519
486
814
604
210
10.0
7.7
2.3
744
567
178
10.3
7.9
2.4
'900
690
<211
<9.7
6.9
''2.8
1,572
1603
2.5
7088
68.57
464 0
87 5
835
1,535
1557
2.3
65.39
63.37
365 8
1094
837
1,460
1,448
2.1
63.19
60.02
442 3
1013
886
1,446
1,350
6
2.0
58.31
57.21
3863
102.9
928
1,298
1,266
1.8
41.75
40.40
4337
67.0
903
1,268
1,346
2.1
31.74
30.60
3659
79.1
852
1,266
1,291
2.0
48.01
46.89
4406
79.8
874
1,293
1,308
2.3
194
199
188
199
224
224
218
231
246
231
252
235
283
264
253
235
288
267
278
260
208
194
261
246
2267
37
121
2562
43
142
3137
47
171
2894
48
18.8
3250
4.8
20.4
290.8
4.5
20.6
275.9
7.0
19.9
231.2
5.0
17.9
247.3
5.4
19.1
295.0
6.1
20.2
256 6
3
46
12 6
2455
53
154
2583
45
148
278.9
50
16.4
275.1
45
19.8
261.2
3.9
19.9
297.3
5.5
18.9
242.6
4.2
17.3
272.6
5.2
19.9
308.6
5.9
19.7
649.5
629 4
1052
672.8
6643
1520
686.4
6767
1576
684.6
6736
1495
679.5
667.0
1559
699.8
667.0
13.06
636.7
648.0
10.90
696.8
755.3
9.37
727.8
766.1
12.53
750.0
746.8
8041
7272
8578
11141
10566
92.36
95.30
78.75
94.35
357
June
Mar.
Apr.
May
1 198
1 814
10 702
14*178
3 940
28^867
993
1 860
9700
12*732
3 505
24*649
1 065
1 904
10602
15242
3 803
25,748
5808
2814
378
631 3
2578
322
5688
2872
310
647
608
778
583
195
107
8.1
2.6
682
632
841
655
186
107
8.6
2.1
772
702
964
756
208
100
7.8
2.1
1,471
1476
2.2
4071
3885
396 1
835
747
1,532
1523
2.1
5369
5064
340 6
943
782
195
Jan.
Feb.
Sept.
TEXTILE PRODUCTS—Continued
APPAREL— Continued
Men's apparel cuttings:
C
f
f
t t r l
H
Trousers (separate) dress
Slacks (jean cut) casual
Hosiery, shipments
4
11
4
735
16 477
111 749
4 172 299
4
92 423
thous. doz. pairs.. 288,704
t
H
do
do
4
11 181
19 113
112 699
187 453
40 861
308,079
987
1 638
9 450
18 261
3 604
25,317
1 141
1 685
10002
15773
3 472
25,829
1 143
1 594
10 517
18 286
3 652
25,278
913
1 312
7*614
9 447
3 266
24,905
1 118
1 605
10 053
12*912
3 694
24,191
1 079
1 739
12 115
13 791
3 831
25,847
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
r5
r
Orders new (net) qtrly total
mil $
27 769
86 900 r92 930 18 856
r5
r
U.S. Government
do
19 973
56 716 r62 347 11 153
r5
r
Prime contract
do
27 350
84 897 r91 160 18 555
Sales (net), receipts, or billings, quarterly,
r5
total
.
do
22 645
75487 r82 777 19 994
r5
13 877
U S Government
do
42 239 r49 169 12735
5
r
116 276
Backlog of orders end of period #
do
!06 123 116 276 111 152
r5
r
r
r
74 246
U S Government
do
61 068 r74 246 r68 150
r5
r
48 953
Aircraft (complete) and parts
do
46 606 48 953 47 682
r5
12 905
Engines (aircraft) and parts
do
11958 12 905 13 122
Missiles, space vehicle systems, engines,
r5
15 524
propulsion units and parts
mil $
13 262 15 524 13 813
Other related operations (conversions, modir5
14 548
fications) products services
mil $
12465 14 548 13 548
Aircraft (complete);
8681 5 9927 5
7825
4423
8349 12273
Shipments "j"
do
Airframe weight "1"
thous Ib
3822
4765
44 455
44 936
3 517
1 807
Exports commercial
mil $
4775
307
679
5569
232
193
MOTOR VEHICLES (NEW)
Passenger cars:
Factory sales (from U.S. plants):
627
636
5049
6739
678
581
Total tt
thous
587
623
541
4696
6201
581
Domestic tt
do
782
861
752
Retail sales, total, not seas, adj
do....
7,980
9,179
705
664
590
Domestics §
do
559
5,758
6,793
538
191
192
Imports §
do
2221
197
2386
166
9.6
106
Total, seas, adj at annual rate
mil
99
90
7.1
Domestics §
do
7.2
8.0
6.9
2.7
2.5
Imports §
do
2.1
2.6
Retail inventories, end of period, domestics: §
Not seasonally adjusted
thous
1,303
1,352
1,220
1126
1352
1,192
Seasonally adjusted
do
1 278
1350
1 127
1350
1 189
1 223
2.2
2.0
Inventory-retail sales ratio, domestics §
2.3
2.4
2.1
2.0
Exports (BuCensus), total .
do
4816
37430
551 16
4627
57 22
3814
To Canada
do
4564
33405 52399
4192
5464
3618
3 067 0 3 691 0
271 6
342 3
3467
369 3
From Canada total
do
71 3
7025
670
8368
496
984
701
7 754
8 924
735
757
910
Imports, including domestically
1
sponsored
do
2269
2 457
207
190
176
239
Trucks and buses:
Factory sales (from U.S. plants):
Total @
do
1906
2 414
241
233
207
226
Domestic @
do
1779
2260
214
225
218
192
Retail sales, not seasonally adjusted: *
Light-duty tt
do
20638 25207
224 1
2235
2218
2445
457
477
30
44
38
39
Medium-duty tt
do
138.3
1410
122
134
116
151
Heavy-duty tt
do
Retail sales, seasonally adjusted:
240 1
2480
2412
2688
Light-duty tt
do
Medium-duty tt
do
40
39
44
40
12 1
151
162
135
Heavy-duty tt
do .
Retail inventories, end of period:
Not seasonally adjusted *
.do....
539.5
583.7
571.4
603.1
583.7
5328
Seasonally adjusted. . . .
do
5455
5703
5983
5914
5914
5620
1029
Exports (BuCensus)
do
1011
1054
12443
131 86
1267
Imports (BuCensus), including separate
chassis and bodies
thous
7453
9407
73848
84689
61 17
8206
Registrations (), new vehicles, excluding buses
not produced on truck chassis
thous
253
332
2430
249
2977
265
Truck trailers and chassis, complete (excludes
detachables) shipments \
number 103 864 120 658 12 542 12 586 13 102 13 782
r
r
r
r
9680 10 182
Vans t
do
70 437 r85 067
9 380
9 421
Trailer bodies (detachable), sold
r
r
r
r
r
r
224
677
4075
2698
315
214
separately t
do
Trailer chassis (detachable), sold
r
r
r
r
r
r
4 128
923
824
separately t-do
4406
301
580
RAILROAD EQUIPMENT
Freight cars (new), for domestic use; all
railroads and private car lines (excludes
rebuilt cars and cars for export):
1
Shipments....
number
17,236
615
745
'5772
736
461
1
15,515 1 5,570
Equipment manufacturers
do
615
745
458
736
1
'7071
New orders
do
5 964
416
642
351
805
1
6 321
'5962
Equipment manufacturers
do
351
805
416
642
4,295
3,271
Unfilled orders, end of period
do
3368
3 156
3271
3,756
3,271
4,095
3,156
Equipment manufacturers
do..
3,756
3,368
3,271
Freight cars (revenue), class 1 railroads(AAR): t
Number owned end of period
thous
1039
1 007
1018
1015
1011
1007
Capacity (carrying), total, end of month
84.87
82.96
83.66
83.43
83.20
82.96
mil. tons
Average per car
tons
82 17
8224
8229
8237
8237
81 68
See footnotes at end of tables.
2862
1 471
140
3
3
3
6
282
302
329
336
348
363
347
330
19 731
15421
17 341
12597
19 237
13668
17788
12 127
20202
13473
19982
13243
19 477
12,640
98
47
15
47
75
31
(2)
7
21,530
7
88
(2)
1 638
1398
2062
1742
2,614
2,592
415
415
2736
2736
5,553
5,553
52£
528
1 523
1 523
6,548
6,548
89^
894
1213
1 213
6,928
6,928
722
722
672
672
5,177
5,177
755
755
1,301
1,301
5,723
5,723
1,771
1,771
2,994
2,744
7,267
7,017
r
2,398
1,321
1,327
607
607
6,821
6,571
14,421
7
7
163
2,749
1,30(
1,300
785
785
6,306
6,056
1,465
1,465
775
775
5,616
5,366
1006
1001
996
992
986
979
975
972
967
82.96
8243
82.60
8252
82.22
8256
82.00
8264
81.54
8273
81.06
8283
80.84
82.90
80.66
82.96
80.21
82.96
S-33
SURVEY OF CURRENT BUSINESS
November 1984
FOOTNOTES FOR PAGES S-l THROUGH S-32
General Notes for all Pages:
r
p
e
c
Page S-l
t Revised series. See Tables 2.6-2.9 in the July 1984 SURVEY for revised estimates for
1981-84.
$ Includes inventory valuation and capital consumption adjustments.
§ Monthly estimates equal the centered three-month average of personal saving as a
percentage of the centered three-month moving average of disposable personal income.
Page S-2
1 . Based on data not seasonally adjusted.
# Includes data not shown separately.
$ See note "$" for p. S-8.
t See note "t" for p. S-8.
tt See note "tt" for p. S-3.
@ Revised series. For manufacturing see note "tt" for p. S-3. For retail see note "$" for
p. S-8. For wholesale see note "t" for p. S-8.
§ Revised series. Data have revised back to 1981, effective with the August 1984 SURVEY. Revisions are available upon request.
Page S-3
# Includes data for items not shown separately.
$ See note "$" for p. S-8.
t See note "t" for p. S-8.
tt Effective May 1984 SURVEY, ; data have been revised for Jan. 1977-Dec. 1983. A
detailed description of this revision and data appear in the report "Manufacturers' Shipments, Inventories, and Orders" M3-1.13 (1977-1983), copies of this report can be purchased from the Superintendent of Documents, U.S. Government Printing Office, Washington,
DC 20402. A computer tape of the report, including data back to 1958 can be purchased
from the Data User Services Division, Customer Services Branch, Bureau of the Census,
Washington, DC 20233.
@ See note "@" for p. S-2.
§ See note "§" for p. S-2.
Page S-4
1 . Based on data not seasonally adjusted.
$ Includes data for items not shown separately.
$ Includes textile mill products, leather and products, paper and allied products, and
printing and publishing industries; unfilled orders for other nondurable goods industries
are zero.
t See note "tt" for p. S-3.
0 For these industries (food and kindred products, tobacco, apparel and other textile
products, petroleum and coal, chemicals and allied products, and rubber and plastics products) sales are considered equal to new orders.
Revised,
Preliminary,
Estimated,
Corrected.
Page S-7
1. Computed from cumulative valuation total.
2. Index as of Nov. 1, 1984: building, 358.3; construction, 387.1.
* Includes data for items not shown separately.
§ Data for Sept., and Dec. 1983, and Mar., May and Aug. 1984 are for five weeks; other months
four weeks.
t Data for seasonally adjusted housing starts have been revised from 1981-83, and are
available upon request.
$ Data for seasonally adjusted building permits have been revised from Jan. 1982-Mar.
1984, and are available upon request.
@ Unadjusted data for manufacturers' shipments of mobile homes for January 1982
through November 1983 and seasonally adjusted data for January 1981 through November
1983 have been revised and are available upon request.
Page S-8
1. Advance estimate,
2. Direct endorsement cases are included beginning with June data.
O Home mortgage rates (conventional first mortgages) are under money and interest
rates on p. S-l4.
§ Data include guaranteed direct loans sold.
* Includes data for items not shown separately.
t Effective April 1984 SURVEY, wholesale trade data have been revised for Jan. 1978-Dec.
1983. A detailed description and the revised series appear in the report "Revised Monthly
Wholesale Trade" BW-13-83s, available from the Bureau of the Census, Washington, DC
20233; $2.50 per copy.
$ Effective April 1984 SURVEY, retail trade data have been revised for Jan. 1978-Dec.
1983. Revised data and a summary of changes appear in the report "Revised Monthly Retail
Sales and Inventories" BR-13-83s, available from the Bureau of the Census, Washington,
DC 20233; $2.75 per copy.
* New series. Annual data for earlier periods are available upon request. Monthly data
for earlier periods will be available later.
Page S-9
1. Advance estimate.
* Includes data for items not shown separately.
O Effective with the January 1984 SURVEY, the seasonally adjusted labor force series
have been revised back to January 1979. Revised monthly series appear in the February
1984 issue of Employment and Earnings.
t The participation rate is the percent of the civilian noninstitutional population in the
civilian labor force. The employment-population ratio is civilian employment as a percent
of the civilian noninstitutional population, 16 years and over.
$ See note "$" for p. S-8.
* New series.
@ Data include resident armed forces.
Page S-10
Page S-5
1 . Based on unadjusted data.
2. The annual liabilities figure for 1982 is $15,610,792,000.
@ Compiled by Dun & Bradstreet, Inc. Monthly data are now available through 1982,
and are available upon request.
# Includes data for items not shown separately.
§ Ratio of prices received to prices paid (parity index).
| See note "$" for p. S-4.
t Effective with the Feb. 1984 SURVEY, data (back to 1981 for some commodities) have
been revised. Effective with July 1984 SURVEY, data for 1982-83 have been revised. These
revisions are available upon request.
O Beginning with data for January 1983, the index is affected by a change in methodology used to compute the homeownership component. For additional information regarding
this change, see p. S-36 of the Feb. 1983 SURVEY.
* New series.
tt See note "tt" for p. S-3.
§ These unemployment rates are for civilian workers only. The unemployment rate for
all workers, including the resident armed forces, was 7.3 in Oct. 1984.
O See note "O" for P- S-9.
* New series.
t Effective June 1984 SURVEY, data have been revised back to April 1982 (not seasonally adjusted) and January 1979 (seasonally adjusted) based on the March 1983 benchmark, an improved method for estimating the employment effect of new firms entering the
economy, and revised seasonal factors. The June 1984 issue of "Employment and Earnings" contains a detailed discussion of the effects of the revisions.
PageS-ll
$ This series is not seasonally adjusted because the seasonal component is small relative
to the trend-cycle and/or irregular components and consequently cannot be separated with
sufficient precision.
O Production and nonsupervisory workers.
* New series.
t See note "t" for p. S-10.
Page S-6
Page S-12
§ For actual producer prices or price indexes of individual commodities, see respective
commodities in the Industry section beginning p. S-l 9. All indexes subject to revision four
months after original publication.
# Includes data for items not shown separately.
* New series. This index (first shown in the Feb. 1984 SURVEY) reflects costs associated
with homeowners' consumption of shelter service. This new index combines the subindexes
of owners' equivalent rent and household insurance. Indexes prior to Dec. 1982 are not
available. For additional information, see p. S-36 of the Feb. 1983 SURVEY.
$ Effective with the Feb. 1984 'SURVEY, data have been revised back to 1979 to reflect
updated seasonal factors and are available upon request.
t Effective with the Feb. 1984 SURVEY, data back to 1979 have been revised and are
available upon request.
O See note "O" for P- S-5.
1. This series is not seasonally adjusted because the seasonal component is small relative
to the trend-cycle and/or irregular components and consequently cannot be separated with
sufficient precision. Use the corresponding unadjusted series.
O Production and nonsupervisory workers.
$ Earnings in 1977 dollars reflect changes in purchasing power since 1977 by dividing by
Consumer Price Index.
§ Wages as of Nov. 1, 1984: Common, $15.82; Skilled, $20.84.
* New series.
@ New series. The Employment Cost Index (ECI) is a quarterly measure of the average
change in the cost of employing labor. See p. S-36 of the August through October 1984
issues of the SURVEY for a brief description of the ECI.
t Excludes farm, household, and Federal workers.
tt See note "t"for p. S-10.
S-34
SURVEY OF CURRENT BUSINESS
November 1984
Page S-13
Page S-16
1. Average for Dec.
2. Reported annual; monthly revisions are not available.
3. Effective December 1, 1982, there was a break in the commercial paper series because
of changes in reporting panels, modifications to reporting instructions and corrections to
misreported bank data.
$ Effective January 1984, series revised due to changes in the reporting panel and in the
item contents. The new panel includes 168 banks that had domestic office assets exceeding
$1.4 billion as of December 31, 1982.
# Includes data for items not shown separately.
$$ Reflects offsetting changes in classification of deposits of thrift institutions. Deposits of thrifts were formerly grouped with deposits of individuals, partnerships, and corporations, instead of with deposits of commercial banks in the United States.
* "Transaction balances other than demand deposits" consists of ATS, NOW, super
NOW, and telephone transfer accounts, which formerly were classified with savings deposits. "Nontransaction balances" reflects the combination of deposits formerly reported separately as time deposits and the savings deposits remaining after deduction of the items now
reported separately under "transaction balances."
§ Excludes loans and federal funds transactions with domestic commercial banks and
includes valuation reserves (individual loan items are shown gross; i.e., before deduction of
valuation reserves).
O Securities of Federal agencies and corporations have been shifted out of "other securities" and are now combined with U.S. Treasury securities. Also, loan obligations of States
and political subdivisions have been shifted out of "other securities" and are now shown
separately among the loan items.
@ Insured unemployment (all programs) data include claims filed under extended duration
provisions of regular State laws; amounts paid under these programs are excluded from
state benefits paid data.
@@ Insured unemployment as a percent of average covered employment in a 12-month
period.
1. The Aaa public utility average was suspended Jan. 17, 1984, because of a lack of
appropriate issues. The 1984 ranges for the average corporate and Aaa corporate do not
include Aaa utilities after January 16.
§ Number of issues represents number currently used; the change in number does not
affect the continuity of the series.
$ For bonds due or callable in 10 years or more.
# Includes data for items not shown separately.
@ Data may not equal the sum of the geographic regions, or commodity groups and
principal commodities, because of revisions to the totals not reflected in the component
items.
O As of Jan. 25, 1984, the base period was changed to 1982= 100.
Page S-14
1. Data are for fiscal years ending Sept. 30 and include revisions not distributed to the
months.
2. Average for the year.
3. Daily average.
4. For an explanation of the prime rate and historical data, see p. S-36 of the June or July
1984 SURVEY.
t Effective April 1984 SURVEY, the consumer installment credit series have been revised
back to July 1980 to reflect more complete benchmark data for some of the components.
# Includes data for items not shown separately.
O Adjusted to exclude domestic commercial interbank loans and federal funds sold to
domestic commercial banks.
$ Rates on the commercial paper placed for firms whose bond rating is Aa or the equivalent.
$$ Courtesy of Metals Week.
@@ Average effective rate
* New series.
Page S-15
1. Beginning 1983, the reporting frequency has been changed from a monthly to a quarterly basis.
2. This series has been discontinued.
t Effective Feb. 1984 SURVEY, the money stock measures and components have been
revised back to 1959 and are available from the Banking Section of the Division of Research
and Statistics at the Federal Reserve Board, Washington, D.C. 20551
$ Composition of the money stock measures is as follows:
Ml.—This measure is currency plus demand deposits at commercial banks and interestearning checkable deposits at all depository institutions—namely NOW accounts, automatic transfer from savings (ATS) accounts, and credit union share draft balances—as well
as a small amount of demand deposits at thrift institutions that cannot, using present data
sources, be separated from interest-earning checkable deposits.
M2.—This measure adds to Ml overnight repurchase agreements (RP's) issued by commercial banks and certain overnight Eurodollars (those issued by Caribbean branches of
member banks) held by U.S. nonbank residents, money market mutual fund shares, and
savings and small-denomination time deposits (those issued in denominations of less than
$100,000) at all depository institutions. Depository institutions are commercial banks (including U.S. agencies and branches of foreign banks, Edge Act corporations, and foreign investment
companies), mutual savings banks, savings and loan associations, and credit unions.
M3.—This measure equals M2 plus large-denomination time deposits (those issued in denominations of $100,000 or more) at all depository institutions (including negotiable CD's) plus
term RP's issued by commercial banks and savings and loan associations.
L—This broad measure of liquid assets equals M3 plus other liquid assets consisting of
other Eurodollar holdings of U.S. nonbank residents, bankers acceptances, commercial
paper, savings bonds, and marketable liquid Treasury obligations.
t$ Includes ATS and NOW balances at all depository institutions, credit union share
draft balances, and demand deposits at thrift institutions.
O Overnight (and continuing contract) RP's are those issued by commercial banks to the
nonbank public, and overnight Eurodollars are those issued by Caribbean branches of member
banks to U.S. nonbank customers.
* New series. For "Other checkable deposits," see also note "$$" for this page.
@ Small time deposits are those issued in amounts of less than $100,000. Large time
deposits are those issued in amounts of $100,000 or more and are net of the holdings of
domestic banks, thrift institutions, the U.S. Government, money market mutual funds, and
foreign banks and official institutions.
# Includes data for items not shown separately.
§ Number of issues represents number currently used; the change in number does not
affect the continuity of the series.
@@ Annual data for 1978-82 and monthly data for 1982 have been revised to exclude
private placements. Monthly revisions for 1978-81 are not available.
Page S-17
1. Beginning with Jan. 1982 data, the Customs value is being substituted for the f.a.s.
value.
# Includes data not shown separately.
§ Data may not equal the sum of geographic regions, or commodity groups and principal
commodities, because of revisions to the totals not reflected in the components.
Page S-18
1. See note 1 for p. S-17.
2. Annual total; quarterly or monthly revisions are not available.
3. Before extraordinary and prior period items.
4. For month shown.
5. Domestic trunk operations only (averaging about 90 percent of domestic total).
6. Restaurant sales index data represent hotels and motor hotels only.
# Includes data for items not shown separately.
§ Total revenues, expenses, and income for all groups of carriers also reflect nonscheduled service.
$ Beginning Jan. 1977, Class I railroads are defined as those having operating revenues
of $50 million or more.
O Average daily rent per room occupied, not scheduled rates.
## Data represent entries to a national park for recreational use of the park, its services,
conveniences, and/or facilities.
# New series.
Page S-19
1. Reported annual total; monthly revisions are not available.
2. A portion of data is being suppressed because of not meeting publication standards.
3. Less than 500 short tons.
# Includes data for items not shown separately.
§ Data are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
$ Monthly data back to 1981 have been revised and are available upon request.
# New series, first shown in the Mar. 1984 SURVEY. Annual and monthly data back to 1980
are available upon request.
Page S-20
1. Reported annual total; monthly or quarterly revisions are not available.
2. Annual total includes data for Hawaii; not distributed to the months.
§ Data are not wholly comparable from year to year because of changes from one classification to another.
$ Revised quarterly data for 1981 and 1982 are available upon request.
<> Effective 1983, data are based on a new sample of approximately 150 establishments,
which was selected using the 1981 annual survey "Paints and Allied Products" panel as a
universe frame. Comparable data for 1979-82 and revisions for 1983 are available upon
request.
t Effective with the July 1984 SURVEY, data for 1980-82 (and 1975 for revenue from
sales to customers) have been revised and are available upon request.
Page S-21
1. Based on quotations for fewer than 12 months.
2. Crop estimate for the year.
3. Stocks as of June 1.
4. Stocks as of June 1 and represents previous year's crop; new crop not reported until
June (beginning of new crop year).
5. Previous year's crop; new crop not reported until Oct. (beginning of new crop year).
6. See note "@" for this page.
7. Less than 50,000 bushels.
8. Quarterly estimates of rye stocks are no longer available; however, June 1 stock estimates (representing previous year's crop) will continue to be published each year.
9. Effective with 1983, figure represents June 1 stocks (based on previous year's crop);
whereas, 1982 and earlier annuals are for stocks ending Dec. 31 of the respective calendar
year.
10. Nov. 1 estimate of the 1984 crop.
§ Excludes pearl barley.
# Bags of 100 Ibs.
@ Data are quarterly except for June (covering Apr. and May) and Sept. (covering
June-Sept.).
* New series, first shown in the Mar. 1984 SURVEY. Annual and monthly data for earlier
periods are available upon request.
** New series, first shown in the Sept. 1984 SURVEY. Annual and monthly indexes for
earlier periods are available upon request.
S-35
SURVEY OF CURRENT BUSINESS
November 1984
Page S-22
Page S-29
§ Cases of 30 dozen.
O Bags of 132.276 Ibs.
$ Monthly revisions for 1982 are available upon request.
* New series, first shown in the Mar. 1984 SURVEY. Annual and monthly indexes covering wheat for earlier periods are available upon request.
1. See note 1 for p. S-28.,
2. Average for 11 months; no price available for Dec. 1983.
O Source: American Paper Institute. Total U.S. estimated consumption by all newspaper users.
t See note "t" for p. S-28.
Page S-23
Page S-30
1. Crop estimate for the year.
2. Average for seven months; price not available for July, Aug., and Oct.-Dec.
3. Annual total; monthly revisions are not available.
4. Effective December 1983 SURVEY, the footwear production series have been revised
back to January 1981.
5. Nov. 1 estimate of the 1984 crop.
* Totals include data for items not shown separately.
* New series, first shown in the Mar. 1984 SURVEY. Annual and monthly indexes for
earlier periods are available upon request.
t New series.
1. Reported annual total; revisions not allocated to the months.
2. Crop for the year.
3. Data cover five weeks; other months, four weeks.
# Includes data for items not shown separately.
0 Cumulative ginnings to the end of month indicated.
§ Bales of 480 Ibs.
$ Monthly revisions for 1982 are available upon request.
t Monthly revisions for 1981-83 are available upon request.
@ Effective with the Mar. 1984 SURVEY, sales of regular basecoat and all other building plasters (including Keene's cement) have been combined to represent sales of total
building plasters. For comparability, earlier published figures for these two series should be
combined.
Page S-24
1. Annual data; monthly revisions not available.
2. Less than 500 short tons.
t New series.
Page S-25
1. Annual data; monthly revisions are not available.
2. For month shown.
t Beginning January 1982, data represent metallic (mostly aluminum) content. Data for
1981 and prior years represent aluminum content only.
* New series. Estimated U.S. free market price, prompt delivery to the Midwest.
Page S-26
1. Annual data; monthly revisions are not available.
2. Less than 50 tons.
3. Quarterly data were discontinued for 1983 and reinstated beginning first quarter 1984.
O Includes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.
@ All data (except annual production figures) reflect GSA remelted zinc and zinc purchased for direct shipment.
t Source for monthly data: American Bureau of Metal Statistics. Source for annual
data: Bureau of Mines.
* Includes data not shown separately.
Page S-27
1. Data withheld to avoid disclosing information for individual companies.
2. Data are for five weeks; other months 4 weeks.
* Includes data for items not shown separately.
§ Includes nonmarketable catalyst coke. See also note "$" for this page.
O Includes small amounts of "other hydrocarbons and alcohol new supply (field production)," not shown separately.
t Effective with the Nov. 1983 SURVEY, data for 1982 have been revised. Effective with
the June 1984 SURVEY, data for 1983 have been revised. These revisions are available upon
request.
* New series. Includes U.S. produced and imported microwave ovens and combination
microwave oven/ranges.
$ Effective with the July 1984 SURVEY, data for 1983 have been revised and are available upon request.
Page S-28
1. Reported annual totals; revisions not allocated to the months.
2. Effective with Jan. 1983, data include road oil. Total road oil data for 1982 were
(thous. bbl.): 591, domestic demand; 610, production; 47, stocks.
t New series. First shown in March 1984 SURVEY. Earlier data are available upon
request.
* New series, first shown in the Feb. 1984 SURVEY. Prices back to 1974 are available
upon request.
* Includes data for items not shown separately.
$ Except for price data, see note "t" for p. S-27.
Page S-31
1. Monthly data discontinued for the year 1982; reinstated beginning Jan. 1983.
2. Annual total includes revisions not distributed to the months.
3. Average for crop year; Aug. 1-Jul. 31.
4. For five weeks; other months four weeks.
5. Average for 10 months; no data for Jan.-Feb.
6. Less than 500 bales.
7. Average for 9 months; no data for Oct.-Dec.
O Based on 480-lb. bales, preliminary price reflects sales as of the 15th; revised price
reflects total quantity purchased and dollars paid for the entire month (revised price includes
discounts and premiums).
# Includes data not shown separately.
* New series.
§ Bales of 480 Ibs..
Page S-32
1. Annual total includes revisions not distributed to the months.
2. Production of new vehicles (thous. of units) for Oct. 1984: passenger cars, 701; trucks,
289.
3. Effective with the Feb. 1984 SURVEY, data have been revised back to 1981 to reflect
updated seasonal factors and are available upon request.
4. Monthly data discontinued for the year 1982; reinstated beginning Jan. 1983.
5. Effective with the April 1984 SURVEY, data have been revised back to 4th Qtr. 1980
and are available upon request. Effective with the July 1984 SURVEY, the reporting of
quarterly data has been discontinued; however, the related annual summaries will continue
to be available from the Bureau of the Census.
6. Effective with the July 1984 SURVEY, data for 1983 have been revised and are available upon request.
7. See note "t" for this page.
# Total includes backlog for nonrelated products and services and basic research.
§ Domestics comprise all cars assembled in the U.S. and cars assembled in Canada and
imported to the U.S. under the provisions of the Automotive Products Trade Act of 1965.
Imports comprise all other cars.
<> Courtesy of R.L. Polk & Co.; republication prohibited. Because data for some states
are not available, month-to-month comparisons are not strictly valid.
$ Excludes railroad-owned private refrigerator cars and private line cars.
t Monthly revisions for aircraft shipments and airframe weight for 1982 and 1983 are
available upon request. Monthly revisions for truck trailers, etc. for 1981-83 are available
upon request.
@ Includes passenger vans.
* New series, first shown in the Mar. 1984 SURVEY. Annual and monthly data back to
1967 are available upon request.
tt Includes Volkswagens produced in the U.S.
$$ Sizes (gross vehicle weight) are classified as follows: Light-duty, up to 14,000 Ibs.;
medium-duty, 14,001 - 26,000 Ibs.; and heavy-duty, 26,001 Ibs. and over.
S-36
SURVEY OF CURRENT BUSINESS
November 1984
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Vol. 8. Rocky Mountain Region. 76 pages. $3.25 (GPO Stock No. payable to U.S. Department of Commerce/Working Capital Fund. For information about BEA Reports, call (202) 523-0777.
003-010-00137-2).
Vol. 9. Far West Region. 76 pages. $3.25 (GPO Stock No. 003-010Bureau of Economic Analysis Catalog of Publications & Computer
00138-1).
Tapes. For a free copy, send a self-addressed stamped envelope (8V2 by 11
State Personal Income: Estimates for 1929-82 and a Statement of inches, with 75 cents postage) to Jane Wright, Current Business Analysis
Sources and Methods. (1984) For each State, the eight BEA regions, and Division, Bureau of Economic Analysis, U.S. Department of Commerce,
the United States, contains estimates of annual total and per capita per- Washington, DC 20230.
' " ' > • / " ; SECTIONS;
General: ;
< ; ' / • , • ' , , ; , v ,v'_,
Business indicators.........
Commodity prices „„„.;*.»„.„.;„.„„..„„„..„
Construction and real estate ..M;,.^^.«.w
Domestic trade 4«^«..,..M,^i«;«i«....;;»i«»*«
Labor force, employment, and eariiirigs...
Finance ...,.....«.^.».....,..^........,....*........^.......
Foreign trade of the United States,.,*..„«.
Transportation and communication.........
S, 9
;
IS,
- Industry: '},',' '.'•• • L^ • >"':' . ; • -;, ;J-"- ,'<J ' ''•
Chemicals and allied products ,...,,.™...,*.,.
Electric power and gas>i»*«?»««»i«»»*«»M.«.»>«
Food and kindred products; tobacco .......
:
> ;J
:
24-27
27,28
28,29
.'-V-. *29,i:
;;
';
30
" 30-32
"• ,/. 17-.-; -.14"-'
. . f W .
13
Plastics and resin materials i..wi..^^,.,^i,;u^U«
13
Population ^,^««;«.A«.«4«U.4».*,u<i.wU««^.;i..«i,i,'
- 19
-- '22'
. . Poultry and -eggs - «».».^;.«.^^^;;j;^U^^;^
24
f Flooring, ;harwood:i,.»..^^w.»w...,«».,»««»^*.*.M«
Price' deflator/ intplicit Xf*CE) '-«i;i»»w*.?»VM««..«..-..«
:
-'Floury - wheat '.„.«»«»,.»i.»**«»...;.,«*^»«.^*«»»*«« ««..w.i» ' - ' - '" ' 22 Prices (see ited indfv Idual conHnodito Uui^
ft>od products M.«^;^;;..«« 2-6. ^» 1W2, 15, 17, 20^23
Printing a^puhlishl^«^u^
Foreign trade (see also individual commod.) ...... 16r-18
Private sector employment, hours, r earri^
:;
' - jfa&^;i$^3ti^^
' 'r 'A32, :
= - , i^»^^^^^^^»^^^^^^^^
' Fruits' and vegetables «..i.'.«;»w»*;«u^i*;M*««.w..«v«Wrt^ " '-' - 5" ; •Producer Price Indexes (see also individual com' ' . -moditiesjr v--
'
, '27
... 2, 6, 8—12
Purchasing power of the dollar .
Gas, output, prices, sales, revenues...
....i • -: ;19
'
28
i 14, 15^ 17, 32
Banking
Barley ;i,**#^^^;;^v«»^«^«».i««.^p;*^**i»*u^v^^.,«»" - .21
:--B*tory shipments.«.^^^
27
Bteef and-ve^--,*»*«,;*^..^u.^...«»,^;^,»,*.wiwi«.«; •> ^. J2
'-Beyerages™.,^...^™^
Blast furnaces, stecl:;milis4».».,;«».a«*.«;«,,..Cl.«;^«-^' * •' '3-?5
.- B^d^priras^es,JMdr,^
'''"'" : '~"
30
Brick ....»...i.*t»».««.*i**M»'*«..»' «£««;.;' .-«*..»*,»*»»* *** '"'
Building and construction materials....................
- Building -costs ....,.,..»..»*.«.............u. »•«»»/-'*»*'' v '-' '''-"' '"-'7
Ra^io and television ^.^^.*^^.
. Railroads" »w*4i»^..^.i.^..i.^,.i;«w*;
Ranges and microwave ovens ....
Glass and products..,
Glycerin «*»*«*„.««,«.,
;
' €Jold ..*««,^^«.fi^'
Grains and products
14
,22
9,.'-
Receipts, U.S.1
Refrigerators and freezers ;;«,;i»»U
f e^strajaQns inew veirffeles) i*^»
Gypsum and products ...........
2$ I '
Hides and skins .
Business incorporation (new), failures ^.L1M^:
Cattle and calves........
• Income, personal «
-, Income and employment tax r f c e i p , ;
Industrial production indexes:
Cigarettes and cigars
Clay products ..
Clothing (see apparel)
9,' 20
'
15, 1
"
Coflee .......^..*.M.«u..w«
' 'Coke ,.«;..i«»w»i,*MW«*...«*
Combustion, atmosphere, heating equip- - ment -..«»,»i.»t**i»*J»«».»,««...»..:,.i».«-»...w,»*^»i,«;
Communication.............
Construction:
.--' 'COBttracfe;^..«.^;»,,^,
, 19
Employment, unemployment, hours,
• ' ' ' ' -earnings •.»..•.....................u,«..........
Housing starts :^.»..,^^.«...*»«.U.»»^«..«<
New construction put in place «^w*.«««.«.
Consumer credit ..„„.»««»„.«„..;..;.„„„„.....,»,
Consumer goods output, iuVdei ».«»«»«*„„«„
Consumer Price-Index .j«»*4»»«,v*«»*»>,*-»»«.»<»»«»«»«
Copper and copper piMwcl^ ^^..»..».^i««
''Corn\,.«.U«»,»«^.«»»A..«..M.«^»;*,*«,^.»».»...
Cost of living (see Consumer Price Index)..
; Cotton, raw and manufactures ...i.;^..;...,....*,
Credit, commercial hank, consumer............
/;CrbpSM
1,2
5, 6
Currency in circulation...
Dairy products .
Deht, 1
Deflate^
„,_„„„„,_„ T.^
T.
Department stores, sales, inventories.
Deposits, bank....
".•
,'i
' v.vr13,15
;-, 14
Securities issued .......
• Security markets ^^,.,*JU^
Services -.»«»^>»**M - : " "'
' '«-»
Sheep and lambs . ................
' Shoes and other fbotWear ,.
Spindle activity, cotton J«M*
Steel and steel manufactures .......
Stock market customer financing
Stock prices, yields, sales, etd v.»
Stone, clay, glass products
*»*w*... ,' ''",:!•!
«..,...; -/;: ,-v 14 •
Installment OF^iltv«;1M
Instruments and related products.....
...... 2-4, 10-12
:
• ' Interest and money :ra|es^..y*».i».i,ii,*i
M..»..,^. > .' ', ;14.;:
Inventories, manufacturers' and trade
'
'
Iron and steel ^.
«,^.^. 2, 15^ 24, 25
Labor force ...........................<.......................•*••'... , 9 , 1 0
Lamb and mutton.................................................
22
- • IJead .;,,aii..ii..».«.»»M.*.u,.,.......J.^.^«M^..^.^»....^^:
26 •
Leather in«J products 4.......«>w^......i»,.,« 2,6,10^12, 23
!
-" livestock ....^«.........^w.,«.^,..«...^»«i.»«^.....'; 5,. 22
Loans, real estate, agricultural, bank (see also
Consumer credit) .......««„;.»...«.......„..„.«........ 8,13
Lubricants ^f.+.M^...,,.......»;^..«.;,*«,«M..»;.....,.M»..
28
Lumber and products ..^.........w.,..,., 2,410-12,23,24
Machine tools ....«».....**.....^.......,.»M.««..«.».»..«»
26
Machinery »Mi^..,**..,.—,.,»;» 1-^6, lOr-12,15,17? 26, 27
Manufacturers' sales (or shipments), inventories,
joWers...>.«».«.«+M»««».ii.^«..».«,«»»..%«..«..».»«.
3-5
Manufacturing employment, unemployment,
production workers, hours, earnings ............... 10-12
Manufacturing production indexes......................
1, 2
Meat animals and meats...................................... 5, 22
Medical care.w.«ii.»«.*w«*..«.iw»«».»..»».«««,«w««
6
3Sletafe.^........MiM^«»..,.».»«.«^. 2-6,10-12,15,24-26
Milk ..«»«*»«. .,......«.«««*«...«..».«.«».».».«.»»..
21
Mining .iM.»«4i.A...*.*.........»...,«,.,.v»»«.«.«.«*..«« 2,10-12
Mobile homes, shipments, installment credit...... 7,14
!$MNE^>i^^
', ' : ' 14- ;
;;:
_,
Rubber and product (in
8
- -8-'-; IS
11 "' :
~ Busin&ss-'sales and -invehtoiries ««»w.»«»«**»**«-iv«».«i«.^ •
"Butter,, ' ' ' • " ' • •'-•' • '
" ••" "
Chain-store sales, firms with 11 or more ;
stores *(retaii trade) .»,».;M^»»U,«»«.«».i.«;i
'CheeJsev«.,«»»*»^;».,*»M*»M»**^.^«..«.«»^».,.*«»«^
*
.
Home loan banks, outstanding advances ...
• Home mortgages v*»»<,.'..w.8«»*>,v>v»..»««»*:»».«'..i»i«
Hotels, motor hotels and economy hotels .
- Hours, 'average'- weekly w..*,^;,,;.,,^.*^,^,,,..*...
Housefurnishings ..^o.«.«.»U«..»«U«,.v»...«
Household appliances, radios, and television sets
Housing starts and permits ..................................
Cem^itMM,^^...,^^...
».».*..rt.^««**rt*».*i»M,M»«».».« ^ >
.^;«,.U,i 2*4; 6, 8y 9^ 15,
'^
Personal consumption expenditures
Personal income^ »v«,*..,i,..«»..««.,...«»«v,,
Personal outlays
Fafe and, oils .«...^^M..,«.«Li«
. Federal Government finance «
Federal Reserve banks, large commercial...
Federal Reserve member hanks ,,*,...,.«..«.«.
Fertilizers - ii;,^.iu«..,
..^^
32
i^:xV-i3\
iii/;'V:. IS
^..."•- - 27
+.*T 4,32
Parity ratio .«.«„;
Passenger cars....
5
5,6
Failures, industrial and commercial .........
33^35
Advertising M^,^
Aerospace vehicles.........
Agricultural loans ..........
Air carrier operations ....
Air conditioners (room)
Aircraft and parts »«*»»¥«vi«»«M
Alcohol, denatured and ethyl
Alcoholic beverages...............
Aluminum " " : ' " '" ~
Apparel „„.
Asphalt..,
Oils and fats ......................................................... 'V ', 17,
Orders, new and unfilled, manufacturers'^v»,.«.w
4, 5
, Outlays, UJS. Government »...,i^.^^^i«;.; ; -r. - ' 14 ' i
Paint and paitat matfiiriafe ^.«^^^^.«»ui
:20
Paper'"
' and products• and pulp M^.rt.i»..«...»v*^«i»»M» 2*4,
''
' '
"
?
- : ,23 ..... Far^ prices ..«..»««
Lumber and products .............
Metals and manufacturers.....
Petroleum, coal, and products
Pulp, paper, and paper products „
Rubber and rubber products ........
Stone, clay, and glass products....
'' Textile products >»«.M»*»»;.**..»*..**v»*,;
Transportation «<|iiilpweut"^«»ML*]
Oats: ...............................,....................,.,...,..^....... , \ 21
Employee-hours, aggregate, and indexes .............
11
Employment and employment cost ...................... 10-12
':^plpsiy^^^.i.«.»*.^^.««w.^»»w^,,,^.....^/^ ' 20
Exports (see also tedividual commddities) ......... 16-18
19, 20
20
20-23
Leather and products .... " """ •'•"-*'"'
National parks, visiite .»„.«.«. .»«».^««w.,.«.«..«.
18
:
' ; r^wsi^t'^«»,.,M....,..,..».».^
" -29 -•
&ew York Stock Exchange, selected d^ta „.,„„..
16
J^R»iifeous^in^tals^^^^
15,; 25, 26
27
Disposition of personal income ......................
1
20
Distilled spMte«i»«>.....,..M».....«»..»,»....— ;.
Dividend payments ..........................................
1/15
Drugstores, sales ............•......•......................*•......
8^ 9
Earnings, weekly and Dourly >„«,..,.«.«...„«,..,«,«.
12
Eating and drinking places „.„»«».«««»,«>».......«,
8, 9
Eggs and poultry .„..„„,*«.....««»*»».»....«.«..**..,«, 5, 22
Electric power ,i..«»»«*»».«*««.»,«..««*.i*M*»^«»«».««... 2, 2d
2~5,
. .Electrical _ , . , . , . . . .a«d equipment.w.»«...M.«o».
. . . . . . . . . , machinery . v _•
10-12,15,27
15
Money and interest rates.....................................
14
"' "Money- supply ........,.....................<*.....................» - -' ,-' ;15
Mortgage applications, Joans, rat^s ..»....w...*iv 8,13,14
Motor carriers......................................................
18
Mptolr vehicles i...«.........f.«^..«.. 2-4, 6^ 8,9,15,17^ 32
:
ijUltur .......^.......................»..,...,v.......<v..>..
Sulfuric acid .^.«^^.*;..,
Superphosphate .,..,.i.i..^....
Synthetic textile products.
'' 114;"
24* 25
':;':'15,*'-
/• - ; vl6-.
15^ 30
= -' -?3;:
':•::*-• W-'
-:-'-.v*R-;
;?:*
>;,:23::
Tea imports .«......,*...«,.iv....
19
Telephone and telegraph carriers .
. 2-4,6, 10-42^ 15;
Textiles and products
: Tin' ^w.*wv.»«w,...««,M,«»..i..,...
, Tires and inner tuW ....i.»..M;
,«**.«...»..«;.;^;,;"^ 29
Tobacco and manufactures ..... .^.M.. 2*4,;10-12, 23
Tractors. «,».,,.....,.«i.....-.«.i««.»»v
^..w,.,..»..i«,Mi.*-.' '<; -.;/27
<* 2^3, 5, S^
Trade (retaif and wholesale) 'V
Transit fines, Urhan
Transportatiori
Transportation equipment ;.
,
,
' Truck trailers ...
Unemployment and insurance
U.S. Government bonds t,.
U,S. Governmentfinance.
Utilities. »«..».«..«.«««.»*««»
•V WUNV« . . . . . . . . . . . . . . . .
..... ..........
Vacuum cleaners
Variety stores *,..<
Vegetables and fruits .
Wages and salaries ........
Washers and dryers „..„.
Water heaters „;»„«».,»«,
Wheat and wheat Hour .,
Wholesale trade ..i,........V,
Wood pulp ,..O.,.,.....M.»«,
Wool and wool manufactures
32
:32'-
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