Full text of Survey of Current Business : November 1991
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November 1991 / Volume 71 Number 11 SURVEY OF CURRENT BUSINESS 1 U.S. Department of Commerce News (December 4,1991) 1 2 2 6 U.S. Department of Commerce National Income and Product Accounts 6 35 Robert A. Mosbacher / Secretary Economics and Statistics Administration Michael R. Darby / Under Secretary for Economic Affairs and Administrator Bureau of Economic Analysis Allan H. Young / Director Carol S. Carson I Deputy Director Gross Domestic Product Corporate Profits Comprehensive Revision of the National Income and Product Accounts Selected NIPA Tables Summary National Income and Product Series 41 Motor Vehicles, Model Year 1991 46 Pollution Abatement and Control Expenditures, 1987-89 51 1992 Release Dates for BEA Estimates Editor-in-Chief: Douglas R. Pox Managing Editor: Leland L. Scott Publication Staff: W. Ronnie Foster, M. Gretchen Gibson, Eric B. Manning, Donald J.Parschalk SURVEY OP CURRENT BUSINESS. Published monthly by the Bureau of Economic Analysis of the U.S. Department of Commerce, Editorial correspondence should be addressed to the Editor-in-Chief, SURVEY OP CURRENT BUSINESS, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230, Annual subscription; Second-class mail— $29.00 domestic, $86.25 foreign; first-class mail— $76.00. Single copy—$&00 domestic, $10.00 foreign. Mail subscription orders and address changes to New Orders, Superintendent of Documents, P.O. Box 371954, Pittsburgh, PA 15250-7954. Make checks payable to Superintendent of Documents. Second-class postage paid at Washington, DC and at additional mailing offices. (USPS 337-790). The Secretary of Commerce has determined that the publication of this periodical is necessary in the transaction of the public business required by law of this Department C-pages: Business Cycle Indicators (Seepage C-l for contents) S-pages: Current Business Statistics (See page S-36 for contents and subject index) Inside back cover: BEA Information NOTE.—This issue af the SURVEY went to the printer on December 10,1991* It incorporates data from the following monthly BEA news releases: Personal Income and Outlays (Nov. 27), Composite Indexes of Leading, Coincident, and Lagging Indicators (Dec. 3), and Gross Domestic Product (Dec. 4). UNITED STATES DEPARTMENT OF MM WASHINGTON, D.C. 20230 ECONOMICS AND . STATISTICS ADMINISTRATION Bureau of Economic Analysis As this issue of the SURVEY OF CURRENT BUSINESS went toquarterly estimates for 1988:1-1991:111 in the redesigned taJpress, BEA released results of a comprehensive revision of ble format described in the October 1991 SURVEY. Another set the national income and product accounts (NIPA's). The text of tables, the "Summary National Income and Product Sefrom the December 4, 1991, news release that presented the ries," presents revised annual and quarterly estimates back revised NIPA estimates for the third quarter of 1991 and to 1959 beginning on page 35. The revised estimates have not introducedfoecomprehensive revision is reproduced below.been incorporated elsewhere in this issue; in particular, the NIPA series that appear in the "Business Cycle Indicators" The "Selected NIPA Tables'' beginning on page 6 presents the revised annual estimates for 1987-90 and the revised section have not been updated from last month's issue. Gross Domestic Product Real gross domestic product—the nation's output of goods and services—increased at an annual rate of 1.7 percent, or $20.3 billion, in the third quarter of 1991, according to the preliminary estimate released by the Commerce Department's Bureau of Economic Analysis. In the second quarter, real GDP increased 1.4 percent, or $16.7 billion. Real personal consumption expenditures increased $18.2 billion in the third quarter, compared with an increase of $11.3 billion in the second. Durable goods purchases increased $9.3 billion, in contrast to a decrease of $1.9 billion. Nondurable goods purchases increased $1.9 billion, compared with an increase of $2.3 billion. Services expenditures increased $7.1 billion, compared with an increase of $10.9 billion. NOTE.—Quarterly estimates are expressed, unless otherwise seasonally adjusted annual rates. Quarter-to-quarter dollar differences between these rates; quarter-to-quarter percent annualized. "Real," or constant-dollar, estimates are in 1987 specified, at changes are changes are dollars. Revision of the National Income and Product Accounts This release introduces a comprehensive revision of the national income and product accounts. The revision is summarized beginning on page 2. The availability of revised estimates and of additional information about the revision is described in a box on page 3. Two of the major changes incorporated in the revision are a shift to use of gross domestic product (GDP), rather than gross national product (GNP)» as the primary measure of production and a shift in the base period from 1982 to 1987. In the third quarter of 1991, the effects of these changes are shown by the following comparisons: Revised GDP increased 1.7 percent (annual rate) in 1987 dollars, and a calculation of GDP in 1982 dollars but incorporating all other changes increased 1.9 percent; revised GNP increased 2.0 percent in 1987 dollars, and a calculation of GNP in 1982 dollars but incorporating all other changes increased 2.2 percent. Real nonresidential fixed investment decreased $4.6 billion in the third quarter, compared with a decrease of $4.3 billion in the second. Nonresidential structures decreased $10.2 billion, compared with a decrease of $4.4 billion. Producers' durable equipment purchases increased $5.7 billion, compared with no change. Real residentialfixedinvestment increased $4.9 billion, compared with an increase of $1.3 billion. Real net exports of goods and services decreased $20.0 billion in the third quarter, in contrast to an increase of $6.3 billion in the second. Exports increased $8.4 billion, compared with an increase of $23.2 billion. Imports increased $28.4 billion, compared with an increase of $16.9 billion. Real Federal Government purchases decreased $8.6 billion in the third quarter, in contrast to an increase of $1.0 billion in the second. National defense purchases decreased $7.0 billion, compared with a decrease of $2.4 billion. Nondefense purchases decreased $1.5 billion, in contrast to an increase of $3.4 billion. Real State and local government purchases decreased $0.7 billion in the third quarter, compared with a decrease of $1.0 billion in the second. Realfinalsales of domestic product, the sum of the above expenditure components, decreased 0.9 percent, or $10.6 billion, in the third quarter, in contrast to a increase of 1.2 percent, or $14.4 billion, in the second. The real change in business inventories added $30.8 billion to the third-quarter change in real GDP, after adding $2.4 billion to the second-quarter change. Businesses increased inventories $0.4 billion in the third quarter, following decreases of $30.4 billion in the second, and $32.8 billion in the first. Nonfarm businesses reduced inventories $2.5 billion in the third quarter, $30.7 billion in the second, and $32.4 billion in the first. Farm businesses increased inventories $2.9 billion in the third quarter, following an increase of $0.4 billion in the second and a decrease of $1.7 billion in the first. SURVEY OF CURRENT BUSINESS Gross domestic purchases Real gross domestic purchases—the nation's purchases of goods and services—increased 3.4 percent, or $44.4 billion, in the third quarter, compared with an increase of 0.9 percent, or $14.5 billion, in the second. Current-dollar GDP Current-dollar GDP—the market value of the nation's output of goods and services—increased 3.9 percent, or $54.8 billion, in the third quarter. In the second quarter, current-dollar GDP increased 4.6 percent, or $63.6 billion. Price indexes Price indexes with fixed 1987 weights will not be available until the release of the final estimate of the third quarter GDP on December 20. Corporate Profits Profits from current production (profits before tax with inventory valuation and capital consumption adjustments) increased $0.4 billion in the third quarter, according to preliminary estimates. In the second quarter, profits increased $1.4 billion. Current-production cash flow (net cashflowwith inventory valuation and capital consumption adjustments)—the internal funds available to corporations for investment—decreased $2.7 billion in the third quarter, in contrast to an increase of $1.4 billion in the second. Percent change from preceding quarter at quarterly rate) 1991 1990 Corporate profits from current production.. Profits before tax Profits after tax Current-production cash flow IV I II III -1.2 -2.7 1.4 2.7 2.0 -5.2 -4.7 4.9 0.5 -.9 -3.7 .3 0.1 3.7 3.9 -.6 Domestic profits of nonfinancial corporations decreased $3.6 billion in the third quarter, in contrast to an increase of $12.0 billion in the second. Domestic profits of financial corporations increased $1.4 billion in the third quarter, compared with an increase of $2.2 billion in the second. The foreign component of profits increased $2.6 billion in the third quarter, in contrast to a decrease of $12.9 billion in the second. This component measures receipts by U.S. residents of dividends and reinvested earnings of foreign affiliates of U.S. corporations, less corresponding payments to foreign residents. The third-quarter increase was in receipts. In the second quarter, the decrease was also accounted for by receipts. Profits before tax with inventory valuation adjustment is the best available measure of industry profits because estimates of the capital consumption adjustment by industry do not exist. According to this measure, profits decreased in manufacturing, in trade, and in the transportation and public utilities group. Profits in other nonmanufacturing industries increased. Profits before tax increased $11.4 billion in the third quarter, in contrast to a decrease of $2.9 billion in the November 1991 second. The before-tax measure of profits does not reflect, as does profits from current production, the capital consumption and inventory valuation adjustments; these adjustments convert depreciation and inventories reported by business to those used in the national income and product accounts. The capital consumption adjustment increased $4.0 billion in the third quarter (from -$12.6 billion to -$8.6 billion), compared with an increase of $1.0 billion in the second. The inventory valuation adjustment decreased $15.1 billion (from $9.9 billion to -$5.2 billion), in contrast to an increase of $3.2 billion. Profits tax liability increased $4.2 billion in the third quarter, compared with an increase of $4.1 billion in the second. Profits after tax increased $7.2 billion, in contrast to a decrease of $7.0 billion. Dividends increased $1.4 billion, in contrast to a decrease of $1.1 billion; undistributed profits increased $5.7 billion, in contrast to a decrease of $5.8 billion. Comprehensive Revision of the National Income and Product Accounts The national income and product account (NIPA) estimates released today reflect the results of the ninth comprehensive, or benchmark, revision of the accounts; the last revision of this type was completed in December 1985. Comprehensive revisions differ from annual NIPA revisions because of the scope of the changes incorporated and because of the number of years subject to revision. Comprehensive revisions incorporate three kinds of changes: Definitional and classificational changes, statistical changes, and new and redesigned tables. Definitional and classificational changes update the accounts to reflect the evolving U.S. economy. Statistical changes update the accounts to reflect shifts in the base period, the incorporation of newly available and revised source data, and the introduction of new and improved estimating procedures. The new and redesigned tables update the presentation of the NIPA's to reflect definitional, classificational, and statistical changes and to make the tables more informative. In this revision, most current-dollar series are revised from the present back to 1978, and many are revised back to earlier years. All constant-dollar series will be revised back to 1929 to reflect a shift in the base period from 1982 to 1987. The tables in this release provide revised annual estimates beginning with 1977 and quarterly estimates beginning with 1988 for major series. For information about the availability of additional estimates, see the box on page The tables in this release reflect two major changes in presentation. First, gross domestic product (GDP) replaces gross national product (GNP) as the featured measure of production. GDP is the appropriate measure for most short-term monitoring and analysis of the U.S. economy; it is consistent with indicators such as employment. This change also affects other series shown in this release. Net exports of goods and services is redefined to exclude net receipts of factor income from the rest of the world. (Exports of goods and services is redefined to exclude receipts of these incomes by U.S. residents, and imports of goods and services is redefined to exclude payments of these incomes to nonresidents.) Consistent with the redefinition of net exports of goods and services, final sales, which is now titled SURVEY OF CURRENT BUSINESS November 1991 "final sales of domestic product," is redefined to exclude net receipts of factor income. (Estimates of GNP will continue to be shown in the release. For the most recent quarter, they will be available at the same time as estimates of corporate profits.) In the second change in presentation, the gross domestic purchases price index replaces the GNP price index as the featured measure of price change. The purchases index measures prices paid by U.S. residents. (Price indexes will not be available until the release of the final estimate of third quarter 1991 on December 20.) The revisions Real GDP.—For 1977-90, the average annual growth rate of real GDP, now measured using 1987 as the base period, is 2.5 percent, 0.2 percentage point lower than in the previously published estimates, which were measured using 1982 as the base period (table 1). (For real GNP, the average annual growth rate was also revised down 0.2 percentage point to 2.5 percent.) Among the major components of GDP, the revised estimates show smaller growth rates of personal consumption expenditures, nonresidential producers' durable equipment (PDE), residential fixed investment, exports, and Federal Government purchases. The growth rates of nonresidential PDE and exports are reduced the most. Residential fixed investment, which increased from 1977 to 1990 in the previously published estimates, declines slightly in the revised estimates. Among the major components that show higher growth rates, nonresidential structures has the largest upward revision. For the GDP and most of its major components, the shift in the base period from 1982 to 1987 more than accounts for the lower growth rates. Base period shifts generally reduce growth rates. Purchasers tend to shift to goods and services that register the smallest increases in prices. Thus, when real GDP is estimated using more recent prices, the goods and services with strong output growth receive less weight and growth in GDP is reduced. Current-dollar GDP and personal income.—For currentdollar GDP, the average annual growth rate for 1977-90, at 8.2 percent, is 0.1 percentage point higher than in the previously published estimates. (The revision in GNP is the same.) The growth rate of personal income, at 8.6 percent, is 0.1 percentage point higher than previously published; the growth rate for disposable personal income, also at 8.6 percent, is 0.2 percentage point higher than previously published. Personal saving rate.—For 1977-90, the personal saving rate is revised up in all years except 1977,1978, and 1989. The largest upward revisions were from 1980 to 1987, when the personal saving rate is about I.V2 percentage points higher in each year. The revised estimates continue to show a sharp drop in the saving rate in the 1980's, from a high of 8.8 percent in 1981 to a low of 4.4 percent in 1987. The previously published estimates had shown a high of 7.5 percent in 1981 and a low of 2.9 percent in 1987. Since 1987, the revised rate increases to 5.1 percent in 1990; in the previously published estimates, the rate increased to 4.6 percent in 1990. Business cycles.—For the most recent expansion, which began in the third quarter of 1982 and ended in the third quarter of 1990, real GDP shows an average annual increase of 3.4 percent, 0.3 percentage point lower than in the previously published estimates. Among the major components, the revised estimates show lower growth rates of nonresidential PDE, residential fixed investment, exports, and Federal Government purchases. From the third quarter of 1990 to the third quarter of 1991, real GDP is down 0.9 percent, 0.3 percentage point more than in the previously published estimates. Table 1.—Average Annual Rates of Change, 1977-90 [Percentage points] Availability of Revised Estimates and Related Information Source of revision Previously published Revised Revision Currentdollar revision Base period shift Other Constant-dollar estimates GDP the December SURVEY OF CURRENT BUSINESS. Alternative measures, 2.7 2.5 -0.2 0.1 -0.2 -0.1 Personal consumption expenditures .... Nonresidential structures Nonresidential producers' durable equipment Residential fixed investment Exports of goods and services Imports of goods and services Federal Government purchases State and local purchases 2.8 .9 2.7 2.7 -.1 1.8 .1 1.5 -.1 .3 -.1 0 4.8 .4 6.7 5.4 3.1 2.3 3.5 -.2 5.7 5.6 2.9 2.4 -1.3 -.6 -1.0 .2 -.2 .2 -.4 0 0 .2 -1.8 0 -.9 .1 -.3 -.1 .3 -.2 -.1 .1 -.1 .3 Addenda: GNP Disposable personal income 2.7 2.6 2.5 2.7 -.2 .1 .1 -.3 Current-dollar estimates GDP GNP Personal income Disposable personal income 8.1 8.1 8.5 8.4 8.2 8.2 8.6 8.6 .1 .1 .1 .2 Revised estimates for most series, except fixed-weighted price indexes, beginning with 1959 are now available from BEA. Revised estimates for all series for 1929-58 will be available in early 1992. The complete set of tables with estimates for 1987-90, including fixed-weighted price indexes and monthly personal income, will be in 0 supplementing the traditional fixed-market-basket approach to measuring changes in production and prices, will be available beginning in February 1992. A two-volume.publication containing the complete set of tables for 1929-87 will be available in early 1992. The revised estimates are available in hard copy, on magnetic tape, and on diskettes. To obtain an order form indicating the cost of obtaining the estimates in these various forms and the schedule and cost of other materials, write to the National Income and Wealth Division (BE-54), Bureau of Economic Analysis, U.S. Department of Commerce, Washington, D.C. 20230, or call (202) 523-0669. The following recent or upcoming issues of the SURVEY OF CURRENT BUSINESS contain or will contain information about the comprehensive revision: August 1991 September 1991 October 1991 December 1991... Early 1992 Emphasis on gross domestic product Definitional and classification changes New and redesigned tables General description, including statistical revisions Alternative measures of production and prices SURVEY OF CURRENT BUSINESS Major sources of the revision The revisions in the NIPA estimates released today reflect the incorporation of definitional and classificational as well as statistical changes. The revisions to current-dollar GDP and to personal income and its disposition are shown in table 2. Definitional and classificational changes update the accounts to reflect the evolving U.S. economy. In this comprehensive revision, these changes can be grouped into the following four types: (1) Treatment of government receipts; (2) treatment of business incomes and expenses; (3) treatment of international transactions; and (4) classification of government agencies. Statistical changes update the accounts by incorporating five types of changes: (1) A shift of the base period (from 1982 to 1987); (2) the incorporation of new estimating procedures; (3) the use of new and revised data from regularly November 1991 used sources that become available less often than annually; (4) the use of new and revised data from regularly used sources that are usually incorporated at the time of the annual July NIPA revisions, and (5) the introduction of updated seasonal factors for quarterly estimates. The first change, the base-period shift, affects the constant-dollar estimates for all years, as noted earlier in this release. The second and third changes affect the current- and constantdollar estimates for all years. The fourth change affects the current- and constant-dollar estimates for the 3 most recent years. GDP is revised up in all years, with the largest revision, 1.7 percent, in 1990. The definitional and classificational changes account for a small share of these revisions. Their largest contribution, about one-fifth of the total revision, is in 1986. The changes with the largest impact on GDP (and the components affected) are the reclassification of government agencies from government enterprises to gen- Table 2.—-Revisions in Current-Dollar Gross Domestic Product and Disposition of Personal Income, Selected Years Percent of previously published estimates Billions of dollars 1977 1982 1983 1984 1985 1986 1987 1988 1989 1990 1977 1982 1987 1990 9.0 34.8 49.1 52.4 64.6 71.4 53.2 60.2 80.8 90.4 0.5 1.1 1.2 1.7 143 -1.9 0 16.1 8.5 -16.2 1.3 23.4 23.0 -14.1 1.1 36.0 29.8 -17.6 5.7 41.8 38.4 -19.3 8.2 49.5 53.2 -16.4 10.2 59.3 42.8 -19.7 9.8 52.7 57.9 -20.4 13.8 64.5 67.8 -14.8 16.9 65.7 85.3 -14.4 24.0 75.7 1.1 -1.0 0 2.8 0.4 -6.4 .2 2.3 1.4 1.0 3.3 23 -3.0 2.0 3.8 Gross private domestic investment Fixed investment Nonresidential Structures Producers' durable equipment Residential Change in business inventories Nonfarm Farm 14.2 10.7 9.0 7.9 1.3 1.7 3.4 0 3.4 56.1 47.5 47.0 35.5 11.5 .6 8.6 1.4 7.2 44.4 42.8 43.3 29.1 14.3 -.5 1.6 9.4 -7.9 54.1 50.7 52.9 34.5 18.4 -2.2 3.4 4.9 -1.4 71.4 58.1 61.1 40.2 20.9 -2.9 13.3 4.3 9.1 58.2 56.5 57.2 35.0 22.2 -.7 1.7 1.5 .3 49.8 51.8 52.9 37.6 15.3 -1.1 -2.0 .4 -2.5 46.5 56.6 57.0 42.1 15.0 -.5 61.6 56.6 62.9 51.7 11.2 -6.3 5.0 5.4 -.4 4.1 3.3 4.2 11.8 .9 1.6 12.5 10.1 12.8 24.8 5.1 .6 7.1 7.7 11.9 28.1 4.9 -.5 83 7.6 12.0 35.2 3.0 -2.8 -2.3 -7.7 66.4 58.7 58.8 46.9 11.9 -.1 7.7 12.2 -4.5 Net exports of goods and services Exports : Imports -0.2 3.3 3.4 4.2 12.3 8.1 4.6 12.9 8.3 3.6 19.3 15.7 3.1 20.8 17.6 -0.7 9.8 10.5 0.6 11.0 10.4 -0.4 11.0 11.4 0.8 13.9 13.1 -1.4 15.0 16.4 2.1 1.9 4.6 2.7 3.1 2.1 2.8 2.7 -19.3 -3.2 0 -3.3 -16.1 -34.1 -6.1 0 -6.2 -27.9 -22.7 8.5 0 8.4 -31.2 -35.1 .4 -1.2 1.6 -35.4 -48.5 -10.9 -.5 -10.3 -37.5 -39.2 1.3 -1.1 2.4 -40.4 -39.9 3.6 -2.5 6.2 -43.6 -43.8 6.7 -1.6 8.3 -50.6 -54.2 1.4 -1.1 2.6 -55.6 -55.2 .9 -.2 1.1 -56.1 -5.0 -2.1 0 -6.6 -6.8 -5.3 -2.2 0 -7.9 -7.6 -4.3 .9 7.2 -8.1 -5.0 .2 -.1 1.0 -8.3 9.2 30.5 44.7 48.8 61.5 72.2 52.7 60.6 80.0 91.7 1.0 1.1 1.7 5.6 4.1 26.1 13.8 47.7 28.7 49.0 29.3 51.3 38.7 69.6 46.1 55.3 28.9 70.2 34.5 73.2 47.4 85.3 59.4 1.2 .6 1.C 1.1 -6.2 20,1 23.9 45.9 54.5 64.2 35.6 5.1 -4.1 343 -0.4 0.8 0.9 0.7 8.1 1.0 11.2 1.8 11.1 4.2 10.6 1.4 11.5 1.0 11.9 5.0 12.6 11.8 33.6 15.9 0 .6 7.2 1.8 .6 .5 1.1 .5 .5 1.2 6.2 -6.5 -3.4 -3.0 -4.8 -11.1 6.4 -4.2 -10.0 5.9 1.5 -9.2 10.7 4.0 -8.7 12.8 1.7 -12.4 14.3 -13.2 -11.5 -1.6 -29.9 -12.8 -17.1 -32.3 -7.2 -25.2 -29.3 -7.4 -21,9 -4.3 -16.6 -2.3 -2.7 -45.1 4.2 -4.1 -26.9 -.6 -7.3 -14.8 -6.2 .8 1.2 .3 -2.8 0 8.3 3.2 7.1 -2.5 0 8.9 9.1 4.4 -3.7 -.4 14.8 3.3 17.2 -3.7 .1 9.5 9.2 20.1 -3.9 -.2 -2.9 18.9 38.5 -3.7 .2 -10.5 8.6 46.8 -7.7 .7 -12.0 6.2 35.3 -11.0 .4 -16.1 5.4 25.8 -12.5 -1.1 -19.8 1.0 40.9 -9.9 -1.9 9.8 3.1 .2 -1.2 0 61.0 5.0 1.9 -.6 0 -76.6 9.4 9.3 .4 () .8 6.0 -1.4 -.8 -18.1 -37.9 -41.7 -45.1 -49.8 -53.9 -59.1 -63.9 -67.1 -78.4 -7.9 -9.3 -10.3 -11.2 Equals: Disposable personal income Less: Personal outlays 12.0 14.5 58.2 12.1 65.6 27.3 90.9 32.7 104.3 39.9 118.2 55.1 94.8 44.7 69.0 58.4 63.1 67.9 112.7 86.2 .9 1.1 2.6 .6 3.0 1.4 2.9 2.3 Equals: Personal saving -2.6 46.1 38.5 58.2 64.4 62.9 50.1 10.6 -4.9 26.5 -2.9 Personal saving as a percentage of disposable personal income -0.3 1.8 1.4 2.0 2.0 1.9 1.4 0.2 -0.2 0.5 Gross domestic product (GDP) Personal consumption expenditures Durable goods Nondurable goods Services . Government purchases Federal National defense Nondefense State and local Addenda: Gross domestic purchases (GDP less net exports) Final sales of domestic product (GDP less change in business inventories) Gross national product -10.0 -4.7 —8 Disposition of personal income Personal income Wage and salary disbursements Other labor income Proprietors' income with inventory valuation and capital consumption adjustments Farm Nonfarm Rental income of persons with capital consumption adjustment Personal dividend income Personal interest income Transfer payments to persons Lew: Personal contributions for social insurance Less: Personal tax and nontax payments 1. Estimate changed from positive to negative. Source: U.S. Department of Commerce, Bureau of Economic Analysis 30.0 -1.4 54.2 14.7 November 1991 SURVEY OF CURRENT BUSINESS eral government agencies (Federal Government nondefense purchases), the capitalization of monetary interest on ownaccount construction (nonresidential structures), and the change in imputed brokerage charges (personal consumption expenditures (PCE) and State and local government purchases). Three definitional and classificational changes have very little effect on GDP because their impacts on components are largely offsetting. (1) The change that redefines government sales and personal nontaxes reduces government purchases, mainly for State and local government, by receipts by government (primarily university tuition payments and charges for medical care) and raises PCE services by the amounts paid by persons. (2) The change that reclassifies farm commodity loans by the Commodity Credit Corporation reduces Federal Government nondefense purchases and increases the change in farm inventories in periods when the loans are disbursed (and has the opposite effects if the loans are defaulted). (3) The change that introduces recording of payments for services provided by direct investors to their foreign affiliates on a gross basis increases exports and imports by equal amounts. The impact of the definitional and classificational changes on GNP is substantially different than on GDP. The main reason is that the change that reclassifies interest paid by the Federal Government to foreigners as an import of factor income reduces GNP but has no impact on GDP. Statistical changes account for most of the revisions in current-dollar GDP and GNP. The changes that had the largest impact are as follows: 1. A new procedure for estimating nonresidential structures—both privately owned and owned by State and local government—accounts for virtually all of the revision in GDP in 1977, more than accounts for the revision in 1982, accounts for about five-sixths of the revision in 1987, and accounts for about three-fifths of the revision in 1990. The new procedure introduces information from the 1977 and 1982 Censuses of Construction and Service Industries to adjust the results of the monthly construction put-in-place survey. This procedure was introduced into the 1982 benchmark input-output (I-O) accounts published by BEA in July 1991. 2. The remaining upward revisions for 1983-90 are largely accounted for by PCE services, producers' durable equipment (PDE), and PCE nondurable goods. Revisions to all three components reflect the incorporation of the results of the 1982 1-0 accounts and of the 1987 economic censuses. In addition, the revisions to PDE reflect the incorporation of the 1988 and 1989 Annual Survey of Manufactures, and the revisions to PCE nondurable goods reflect the incorporation of the 1988 and 1989 Annual Retail Trade Survey. Personal income is revised up in all years except for small downward revisions in 1977, 1978, and 1989; the largest upward revision, 1.8 percent, is in 1986. For personal income, the definitional and classificational changes and the statistical changes work in the opposite direction in most years. The former lower personal income in most years; the latter raise personal income in all years except 1977 and 1978. The definitional and classificational changes have their greatest impact in 1986, when they account for about one- fifth of the 1.8 percent upward revision in personal income. The change that classifies capital gains distributions of regulated investment companies as dividends more than accounts for the impact. For every year after 1986, the definitional and classificational changes lower personal income. This reversal reflects a substantial reduction in the capital gains distributions and the impact of the change that reclassifies bad debt losses as financial transactions. This reclassification eliminates the adjustment previously made to recognize a transfer of income from the lender to the defaulter; it reduces nonfarm proprietors' income, rental income of persons, and transfer payments to persons. Loan defaults increased substantially in 1987. Statistical changes increase personal income in all years beginning in 1979, more than accounting for the revisions in personal income. From 1979 to 1989, the changes that had the greatest impact were improved adjustments for misreporting on tax returns that are used in estimating nonfarm proprietors' income and wages and salaries. The revised adjustments reflect the complete incorporation of audit studies that are conducted less often than annually. In 1990, the upward revision in personal income also reflects the incorporation of newly available tabulations of wages and salaries covered by State unemployment insurance. Other statistical changes substantially affected the following components: 1. Other labor income is revised up beginning in 1988 primarily reflecting new source data on employer contributions to group health insurance from several government agencies. 2. Farm proprietors' income is revised down in all years primarily reflecting a new estimating methodology for imputed rental income of owner-occupants of farm dwellings. 3. Rental income of persons is revised up from 1977 to 1985 and revised down beginning in 1986. The upward revisions primarily reflect lower estimates of expenses from the 1982 1-0 accounts; the downward revisions primarily reflect lower rental receipts and higher interest expenses. The lower receipts are based on data from the 1990 Census of Housing; the higher interest expenses are based on an improved procedure for refinanced mortgages. 4. Personal interest income is revised up substantially beginning in 1984. Changes that account for most of these revisions are related to improved procedures for using data reported on business income tax returns and to the incorporation of regularly used sources that are usually incorporated at the time of the annual NIPA revision. The revisions to the other entries in the personal income and outlay account—personal tax and nontax payments, disposable personal income, personal outlays, and personal saving—primarily reflect previously discussed revisions. Revisions to the first three entries largely reflect the impact of the definitional change that redefines certain nontaxes as government sales. Because the impact of the redefinition is offsetting in personal saving (that is, disposable personal income less personal outlays), revisions to this entry primarily reflect the impact of the revisions to personal income. SURVEY OF CURRENT BUSINESS November 1991 NATIONAL INCOME AND PRODUCT ACCOUNTS Selected NIPA Tables New estimates in this issue: Comprehensive revision of the national income and product accounts (NIPA's). See page 1 for a brief description of the comprehensive revision, and page 3 for availability of the revised estimates. This selected set of 53 NIPA tables, which contains new and redesigned tables as described in the October 1991 SURVEY OF CURRENT BUSINESS, presents the revised annual estimates for 1987-90 and revised quarterly estimates for 1988:1-1991:111 that were available when this issue went to press. Leaders are shown in' tables for which the revised estimates were not available: Tables 1.16, 6.1C, 7.4, 7.5, 7.6, 7.9, 7.10. 7.11, 7.12, and 7.15; and parts of tables 1.10, 7.1, 7.2, 7.3, 7.13, and 8.1. NOTE.—This section of the SURVEY is prepared by the National Income and Wealth Division and the Government Division. Table 1.1.—Gross Domestic Product [Billions of dollars] Seasonally adjusted at annual rates Line 1987 1988 1989 1990 1988 1989 III 1990 IV 1991 IV Gross domestic product 4,539.9 4,900.4 5,244.0 5,513.8 4,752.4 4,857.2 4,9473 5,044.6 5,139.9 5,218.5 5,2773 53404 5,422.4 5,504.7 5,570.5 5,557.5 5,589.0 5,652.6 5,707.4 Personal consumption expenditures . 3,052.2 3,296.1 3,517.9 3,742.6 3,199.1 3,260.5 3326.6 33982 3,436.5 3,490.6 3,551.7 3,592.8 3,6673 3,706.0 3,785.2 3,812.0 3,827.7 3,868.5 3,915.8 Durable goods Nondurable goods Services . 403.7 437.1 459.8 465.9 428.8 433.1 433.5 452.9 449.4 457.2 474.5 458.0 479.9 464.6 467.1 451.9 440.7 440.0 452.8 1,011. 1,073.8 1,146.9 1,217.7 1,041.5 1,062.0 1,085.8 1,105.8 1,120.0 1,142.5 1,155.3 1,169.8 1,194.9 1,200.9 1,228.4 1,246.4 1,246.3 1,252.9 1,258.9 1,637.4 1,785.2 1,911.2 2,059.0 1,728.8 1,765.4 1,807.3 1,839.5 1,867.1 1,891.0 1,921.9 1,965.0 1,992.5 2,040.4 2,089.6 2,113.6 2,140.7 2,175.6 2,204.1 Gross private domestic investment . 7493 793.6 837.6 802.6 770.6 788.4 800.7 814.8 844.7 8443 826.8 834.4 812.0 825.9 82L8 750.9 7093 7083 742.0 Fixed investment Nonresidential Structures Producers' durable equipment Residential Change in business inventories ... Nonfarm Farm 723.0 497.8 171.3 326.5 225.2 26.3 32.7 -6.4 777.4 545.4 182.0 363.4 232.0 16.2 27.5 -11.3 801.6 570.7 193.1 377.6 230.9 36.0 35.5 802.7 587.0 198.7 388.3 215.7 0 -2.0 2.0 753.8 526.8 176.6 350.2 227.0 16.8 23.8 -7.0 774.6 544.1 181.4 362.6 230.5 13.8 26.0 -12.3 783.6 550.3 183.1 367.3 233.3 17.1 28.2 -11.2 797.5 560.2 186.8 373.4 237.3 17.3 32.0 -14.7 191.1 374.0 236.5 43.2 36.1 7.1 802.0 570.2 190.0 380.2 231.8 42.3 35.3 7.0 803.5 574.2 194.9 379.3 229.2 23.3 28.3 -5.0 799.4 573.4 196.5 376.8 226.0 35.1 42.2 -7.2 815.3 586.3 202.4 384.0 229.0 -3.3 -6.0 2.7 800.2 580.0 199.5 380.5 220.3 25.6 17.1 8.5 807.7 596.3 201.7 394.7 211.4 14.1 9.6 4.4 787.4 585.2 191.2 394.0 202.2 -36.5 -28.9 -7.6 748.4 560.0 184.0 375.9 188.4 -39.2 -35.0 -4.2 745.8 554.6 180.0 374.7 191.2 -37.1 -34.0 -3.1 745.3 547.4 169.3 378.0 197.9 -3.3 -2.9 -.4 -82.5 -76.6 -36.8 -17.2 -38.8 548.7 631.2 572.6 649.2 565.9 602.7 589.8 595.7 634.4 -143.1 -108.0 Net exports of goods and services .... Exports Imports . Government purchases ., Federal National defense Nondefense . State and local. 364.0 507.1 , 444.2 552.2 .5 504.9 - 9 8 3 -106.0 -88.9 -83.0 -82.1 418.5 540.5 438.8 544.3 452.4 550.9 467.0 573.1 486.1 575.0 506.2 589.2 506.2 588.3 918.5 937.6 947.5 966.6 980.9 990.7 1,021.2 1,033.2 1,046.0 1,071.2 1,088.8 1,092.5 1,088.4 383.5 294.0 89.5 392.0 296.8 95.2 545.7 392.6 293.9 98.7 401.9 298.5 103.3 407.6 305.8 101.8 573.3 403.7 301.6 102.1 587.0 -122.0 -105.6 -«2.9 550.4 624.8 £31.5 918.7 971.4 1,042.9 904.7 913.8 384.9 292.1 92.9 496.6 387.0 295.6 91.4 531.7 424.9 386.6 296.7 89.9 518.1 386.0 294.8 91.2 527.8 101.5 570.0 618.0 -78.0 521.3 598.8 534.6 612.6 417.2 309.3 107.9 604.0 545.9 606.3 423.3 312.7 110.7 609.9 424.7 311.1 113.6 621.4 434.5 320.6 113.9 636.7 m IV 451.5 332.3 119.2 637.3 452.1 328.4 123.7 640.4 444.7 322.0 122.6 643.7 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. Table 1.2.—Gross Domestic Product in Constant Dollars [Billions of 1987 dollars] Seasonally adjusted at annual rates Line 1987 1988 1989 I Gross domestic 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 Nonfarm Farm II III IV I n 1991 1990 1989 1988 1990 in IV I II I II m 43803 4,9003 4,9033 4355.1 4324.0 4340.7 4361.0 32583 3258.6 32812 32513 3241.1 3252.4 3270.6 1 4,540.0 4,718.6 4,836.9 4384.9 4,6553 4,704.8 4,7343 4,779.7 4,809.8 4332.4 4^45.6 4359.7 2 3,0522 3,162.4 3,223.1 3,262.6 3,1282 3,147.8 3,170.6 3202.9 3200.9 3208.6 3241.1 3241.6 3 4 5 403.7 428.7 440.8 438.9 425.1 426.9 423.8 439.2 433.6 439.9 454.3 435.6 452.7 438.7 440.3 424.0 410.8 408.9 418.2 1,011.1 1,035.1 1,049.3 1,050.8 1,023.5 1,031.0 1,039.3 1,046.8 1,047.1 1,043.3 1,051.4 1,055.3 1,054.4 1,050.3 1,053.7 1,044.7 1,043.9 1,046.2 1,048.1 1,637.4 1,698.5 1,732.9 1,773.0 1,679.6 1,690.0 1,707.5 1,716.9 1,720.3 1,725.4 1,735.4 1,750.7 1,751.8 1,769.6 1,787.3 1,783.1 1,786.3 1,797.2 1,804.3 6 7493 773.4 7892 744.5 756.9 769.4 7822 785.0 8032 797.4 7763 7792 754.9 766.0 7603 696.6 657.0 6563 687.6 7 8 9 10 11 12 13 14 723.0 497.8 171.3 326.5 225.2 26.3 32.7 -6.4 753.4 530.8 174.0 356.8 222.7 19.9 26.9 -7.0 756.6 542.4 177.4 365.0 214.2 32.6 33.3 -.7 744.2 548.8 177.9 370.8 195.5 2 -1.5 1.7 737.7 517.7 171.6 346.1 220.0 19.2 23.7 -4.5 753.3 531.4 174.4 356.9 222.0 16.1 24.1 -8.1 758.6 535.2 174.1 361.0 223.5 23.5 29.4 -5.8 764.1 538.8 175.7 363.1 225.3 20.9 30.5 -9.6 761.9 540.0 177.8 362.2 221.9 41.2 35.8 5.5 758.5 543.6 175.0 368.6 215.0 38.9 33.4 5.5 756.6 544.7 178.4 366.3 211.9 20.2 25.9 -5.7 749.2 541.3 178.6 362.7 207.9 30.0 38.1 -8.1 758.9 550.7 182.3 368.4 208.2 -4.0 -5.5 1.5 743.8 544.3 178.9 365.4 199.5 22.1 15.5 6.7 746.4 555.5 180.0 375.5 190.9 13.9 9.9 4.0 727.8 544.5 170.4 374.0 183.3 -31.2 -25.7 -5.5 689.8 519.1 163.3 355.8 170.7 -32.8 -31.1 -1.7 686.8 514.8 158.9 355.8 172.0 -30.4 -30.8 .4 687.1 510.2 148.7 361.5 176.9 .4 -2.5 2.9 -143.0 -104.0 -98.1 -101.9 -102.7 -75.7 - 5 1 3 -113.4 -81.2 -71.9 -79.8 -70.0 -56.0 -52.5 -65.7 -312 -18.6 -123 -323 16 17 364.0 507.1 421.6 525.7 469.2 544.9 505.7 557.0 407.1 520.5 417.2 515.2 424.1 526.1 438.2 540.9 451.2 532.4 469.5 541.3 470.5 550.3 485.8 555.7 496.2 552.2 502.1 554.5 501.6 567.4 522.5 553.7 512.5 531.1 535.7 548.0 544.1 576.4 Government purchases 18 881.5 886.8 900.4 929.1 883.7 885.6 883.7 894.5 886.9 8983 907.4 908.9 923.0 928.1 9273 937.9 9443 9443 935.2 Federal . National defense Nondefense State and local 19 20 21 22 384.9 292.1 92.9 496.6 377.3 287.0 90.2 509.6 375.0 280.7 94.4 525.3 380.9 281.3 99.6 548.2 379.7 290.8 88.9 503.9 377.2 287.1 90.1 508.3 373.7 284.6 89.1 510.0 378.4 285.7 92.7 516.1 369.1 276.1 93.0 517.8 376.2 279.9 96.3 522.1 380.9 286.7 94.2 526.4 373.9 279.9 94.0 534.9 379.3 281.5 97.7 543.7 383.3 283.8 99.5 544.8 378.4 278.0 100.4 549.1 382.6 282.0 100.6 555.3 391.7 289.4 102.3 552.7 392.7 287.0 105.7 551.7 384.1 280.0 104.2 551.0 Net exports of goods and services 15 Exports Imports ... .. NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. SURVEY OF CURRENT BUSINESS November 1991 Table 1.3.—Gross Domestic Product by Major Type of Product [Billions of dollars] Seasonally adjusted at annual rates 1987 1989 1990 1989 1988 1990 1991 ni 5,139.9 5,218.5 5,2773 5340.4 5,422.4 5,504.7 5,570.5 5,557.5 5,589.0 5,652.6 5,707.4 4,539.9 4,900.4 5,244.0 5,513.8 4,752.4 4,857.2 4,947.3 Gross domestic product 4,513.7 4,884.2 5,208.1 5,513.8 4,735.6 4,843.4 4,930.2 5,027.3 5,096.7 5,176.2 5,254.0 5,305.3 5,425.7 5,479.1 5,556.5 5,594.0 5,628.2 5,689.6 5,710.6 14.1 -36.5 -39.2 -37.1 -3.3 25.6 -3.3 35.1 16.8 13.8 17.1 17.3 43.2 42.3 23.3 16.2 0 36.0 26.3 1,794.5 1,942.0 2,098.1 2,167.6 1375.7 1,924.5 1,960.7 2,007.0 2,058.9 2,102.9 2,114.1 2,116.4 2,140.2 2,1765 2,195.6 2,158.0 2,169.4 2,186.1 2,211.9 Final sales of domestic product Change in business inventories Goods * 1,768.2 1,925.7 2,062.1 2,167.6 1,859.0 1,910.8 1,943.6 1,989.7 2,015.7 2,060.6 2,090.8 2,081.4 2,143.5 2,150.9 2,181.6 2,194.5 2,208.6 2,223.2 2,215.2 14.1 -36.5 -39.2 -37.1 -3.3 25.6 -3.3 17.1 43.2 23.3 35.1 16.2 0 16.8 13.8 17.3 42.3 36.0 26.3 775.1 859.9 919.8 927.7 820.0 848.0 875.4 896.3 906.0 911.7 929.1 932.2 926.6 932.4 953.8 897.7 873.0 906.1 923.0 929.3 927.2 916.4 939.5 941.0 931.1 939.3 753.5 835.6 892.9 934.6 809.0 833.7 838.8 861.0 866.9 894.0 916.5 894.2 -6.3 37.9 -14.4 1.4 14.5 -29.4 -43.5 -33.5 36.6 12.6 35.3 39.2 24.3 -7.0 11.0 17.7 21.6 26.9 14.3 Final sales Change in business inventories Durable goods Final sales Change in business inventories Nondurable goods Final sales Change in business inventories 1,019.4 1,082.0 1,178.3 1,239.9 1,055.7 1,076.5 1,085.2 1,110.7 1,152.9 1,191. 1,185.0 1,184.3 1,213.5 1,244.1 1,241.8 1,260.2 1,296.4 1,280.1 1,288.9 1,014.7 1,090.1 1,169.2 1,233.0 1,049.9 1,077.0 1,104.8 1,128.7 1,148.9 1,166.6 1,174.3 1,187.1 1,202.5 1,219.8 1,242.3 1,267.3 1,292.1 1,283.7 1,285.9 24.6 4.0 -.4 4.3 -3.6 3.1 24.3 -7.1 11.0 -2.9 4.7 -8.1 5.7 10.7 6.9 -.5 -19.5 -18.0 9.1 2,608.1 Services * 2,267.2 2,460.9 2,634.7 2^34.0 2391.0 2,436.7 2,487.5 2,528.5 2,651.8 2,709.9 2,753.0 2312.6 2364.8 2,905.5 2,951.7 2,999.0 3,031.4 512.1 507.5 Structures 478.2 497.5 5 1 U 512.2 485.7 495.9 499.2 509.1 511.5 514.0 529.2 515.6 510.1 494.0 467.9 467.4 464.0 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Table 1.4.—Gross Domestic Product by Major Type of Product in Constant Dollars [BilUons of 1987 dollars] Seasonally adjusted at annual rates Line 1987 1988 1989 1990 1988 Gross domestic product 1990 1989 IV in IV 1991 m 4340.7 4361.0 4,540.0 4,718.6 4,836.9 4,884.9 4,6553 4,7043 4,7345 4,779.7 4309.8 4,832.4 4345.6 4359.7 43803 4,9003 4,9033 4355.1 Final sales of domestic product Change in business inventories ......... Goods 1 4,513.7 4,698.6 4,804.3 4,884.7 4,636.2 4,688.7 4,710.9 4,758.7 4,768.5 4,793.5 4,825.4 4,829.7 4,884.8 4,878.1 4,889.4 4,886.3 4,856.8 4,871.2 4,860.6 26.3 19.9 .2 19.2 16.1 -4.0 22.1 32.6 23.5 20.9 41.2 38.9 20.2 30.0 13.9 -31.2 -32.8 -30.4 .4 1,794.5 1,8925 1,962.0 1,958.0 1,858.2 1,887.4 1,898.6 1,926.0 1,953.8 1,971.6 1,966.6 1,956.1 1,961.1 1,973.8 1,9685 1,928.6 1,917.0 1,922.0 1,942.1 Final sales . Change in business inventories . Durable goods Final sales , Change in business inventories 1,768.2 1,872.6 1,929.4 1,957.8 1,839.0 1,871.3 1,875.0 1,905.0 1,912.5 1,932.8 1,946.4 1,926.1 1,965.1 1,951.6 1,954.6 1,959.8 1,949.8 1,952.4 1,941.6 19.9 .2 16.1 .4 26.3 32.6 19.2 23.5 20.9 41.2 30.0 ^.0 22.1 13.9 -31.2 -32.8 -30.4 38.9 20.2 775.2 753.5 21.6 856.4 833.1 23.3 893.4 868.2 25.2 886.2 892.9 -6.7 822.0 811.3 10.6 849.4 835.3 14.1 867.7 832.7 35.0 886.3 852.9 33.5 889.1 851.6 37.5 889.9 873.4 16.5 898.0 886.8 11.2 896.5 860.9 35.6 888.7 902.3 -13.6 893.0 891.8 1.2 905.4 892.3 13.1 857.5 884.8 -27.3 827.0 866.4 -39.4 852.8 883.3 -30.5 867.6 873.3 -5.8 Nondurable goods Final sales Change in business inventories . 1,019.3 1,036.2 1,068.6 1,071.8 1,036.2 1,038.0 1,030.8 1,039.6 1,064.7 1,081.7 1,068.6 1,059.6 1,072.4 1,063.1 1,071.1 1,090.0 1,069.2 1,074.5 1,014.7 1,039.5 1,061.3 1,065.0 1,027.7 1,036.0 1,042.4 1,052.2 1,060.9 1,059.4 1,059.6 1,065.2 1,062.8 1,059.8 1,062.3 1,075.0 1,083.4 1,069.1 1,068.3 20.9 4.7 9.7 -3.4 7.4 6.9 2.0 -11.5 -12.5 -3.9 6.6 .1 8.6 3.7 -5.6 .8 6.2 22.4 9.1 2,461.2 Services1 ... 2,166.9 2,233.6 2,272.8 2344.4 2326.2 2340.2 2359.9 2372.4 2377.9 23915 2,408.4 2,433.2 2,440.1 2,4763 2,481.8 2,487.6 2502.7 2507.8 Structures . 465.3 478.2 476.4 472.1 462.0 470.9 477.2 476.0 4813 478.1 4693 470.6 4705 479.6 4585 444.6 419.4 416.1 411.2 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. Table 1.5.—Relation of Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers [Billions of dollars] Seasonally adjusted at annual rates 1989 IV Gross domestic product Less: Exports of goods and services Plus: Imports of goods and services Equals: Gross domestic purchases! Less: Change in business inventories ffl IV 4539.9 4,900.4 5,244.0 55133 4,752.4 4357.2 4,9473 5,044.6 5,139.9 5,2185 5,2773 5340.4 5,422.4 5504.7 55705 55575 5589.0 5,652.6 5,707.4 364.0 444.2 504.9 550.4 418.5 438.8 452.4 467.0 486.1 506.2 506.2 521.3 534.6 545.9 548.7 572.6 565.9 589.8 595.7 507.1 552.2 587.8 624.8 540.5 544.3 550.9 573.1 575.0 589.2 588.3 598.8 612.6 606.3 631.2 649.2 602.7 607.0 634.4 4,683.0 5,008.4 5326.9 5588.1 4374.4 4,962.7 5,045.8 5,150.7 5,228.8 53015 5359.4 5,417.9 55005 5565.1 5,653.0 5,634.0 5,625.8 5,669.8 5,746.1 26.3 16.2 36.0 0 16.8 13.8 17.1 17.3 43.2 42.3 -3.3 23.3 354 25.6 14.1 -36.5 -39.2 -37.1 -3.3 4,656.7 4,992.2 5,290.9 5588.2 4357.7 4,949.0 5,028.7 5,1333 5,185.6 5,259.2 5336.1 5382.8 5503.8 55395 5,638.9 5,670.6 5,665.0 5,706.8 5,749.4 Equals: Final sales to domestic purchasers 2 1. Purchases by U.S. residents of goods and services wherever produced. 2. Final sales to U-.S. residents of goods and services wherever produced. NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. 1990 IV 8 SURVEY OF CURRENT BUSINESS November 1991 Table 1.6.—Relation of Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers in Constant Dollars [Billions of 1987 dollars] Seasonally adjusted at annual rates Line 1987 1988 1989 1990 1988 n I Gross domestic product 1 Less: Exports of goods and services Plus: Imports of goods and services 2 3 Equals: Gross domestic purchases * 4 Less: Change in business inventories 5 Equals: Final sales to domestic purchasers2 6 1989 III rv I n 1990 m IV I n 1991 ffl IV I II ID. 4,540.0 4,718.6 4^36.9 4^84.9 4,6553 4,704.8 4,734.5 4,779.7 4,8093 4332.4 4,845.6 4359.7 43803 4,9003 4,9033 4355.1 4,824.0 4340.7 4361.0 364.0 507.1 421.6 525.7 469.2 544.9 505.7 557.0 407.1 520.5 417.2 515.2 424.1 526.1 438.2 540.9 451.2 532.4 469.5 541.3 470.5 550.3 485.8 555.7 496.2 552.2 502.1 554.5 501.6 567.4 522.5 553.7 512.5 531.1 535.7 548.0 544.1 576.4 4,683.0 4,822.6 4,912.6 4,936.2 4,768.7 4,802.8 4,836.4 4,882.4 4,891.0 4,904.3 4,925.4 4,929.7 4,936.8 4,952.7 4,969.1 4,886.3 4,842.6 4,853.1 4,893.3 26.3 19.9 32.6 .2 19.2 16.1 23.5 20.9 41.2 38.9 20.2 30.0 -4.0 22.1 13.9 -31.2 -32.8 -30.4 .4 4,656.7 4,802.6 4^80.0 4,936.0 4,749.5 4,786.7 4^12.9 4361.4 4349.7 4365.4 4,905.1 4399.7 4,940.8 4,930.6 4,955.1 4,917.5 4375.4 4383.5 4392.9 1. Purchases by U.S. residents of goods and services wherever produced. 2. Final sales to U.S. residents of goods and services wherever produced. NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. Table 1.7.—Gross Domestic Product by Sector [Billions of dollars] Seasonally adjusted at annual rates Line 1987 1988 1989 1990 I Gross domestic product Nonfarm Nonfarm less housing Housing Statistical discrepancy Private households Nonprofit institutions General government Federal State and local Addendum: Gross domestic business product less housing rv I n ffl IV I 1991 in II IV I II in 2 3 4 5 6 7 3,849.5 4,161.8 4,411.3 4,605.6 4,034.0 4,124.9 4,196.4 4,291.9 4,348.2 4,393.5 4,436.2 4,467.6 4,538.3 4,608.9 4,634.8 4,640.4 4,640.1 4,687.2 4,728.3 3,480.6 3,765.1 3,986.8 4,155.8 3,646.8 3,732.5 3,796.4 3,884.5 3,935.4 3,975.1 4,003.6 4,032.9 4,099.5 4,163.4 4,179.5 4,180.6 4,175.7 4,217.6 4,254.2 368.9 396.8 424.6 449.8 387.2 392.4 400.0 407.5 412.8 418.4 432.6 434.6 438.8 445.5 455.3 459.8 464.3 469.7 474.1 76.6 83.1 82.9 67.2 89.6 79.8 82.5 82.6 85.7 71.6 83.5 79.6 87.8 82.1 85.7 70.9 60.8 66.0 67.6 18.0 16.5 21.7 -2.4 28.2 2.1 17.9 4.4 -5.2 2.5 8.1 -34.4 -28.1 -25.8 -25.4 -26.0 -2.7 -24.8 -28.4 4,539.9 4,900.4 5,244.0 5,513.8 4,752.4 4,857.2 4,9473 5,044.6 5,139.9 5,218.5 170.5 187.6 205.0 225.1 180.8 1853 190.1 1943 198.6 202.8 207.1 211.7 216.1 222.2 228.9 2333 237.5 243.7 249.9 in 162.8 8.3 179.3 8.9 196.2 9.1 216.1 7.9 172.8 8.2 177.1 8.5 181.6 8.7 185.7 8.8 189.8 8.9 193.9 8.9 198.2 8.9 202.8 8.9 207.2 9.2 213.0 9.1 219.8 9.1 224.2 9.2 228.3 9.5 234.2 9.6 240.3 11 478.7 511.7 5483 589.2 501.1 5073 515.0 523.0 536.7 544.0 551.9 560.6 575.7 586.4 592.9 601.9 616.8 622.0 624.5 12 13 151.4 327.3 159.8 351.9 169.2 379.1 179.4 409.8 158.5 342.6 159.4 348.5 160.2 354.9 161.3 361.7 168.1 368.6 168.7 375.3 169.4 382.5 170.4 390.2 177.5 398.2 180.1 406.2 179.1 413.8 181.0 420.9 189.4 427.4 188.7 433.2 188.4 436.1 8 Households and institutions III 5,2773 5340.4 5,422.4 5,504.7 5,570.5 5,557.5 5,589.0 5,652.6 5,707.4 3390.8 431.0 4,490.7 4,699.4 4,070.6 4,164.0 4,242.2 43273 4,404.6 4,471.7 4,5183 4,568.0 4,630.6 4,696.2 4,748.7 4,722.3 4,734.7 4,786.8 4332.9 1 Business II 1990 1989 1988 9 10 14 Table 1.8.—Gross Domestic Product by Sector in Constant Dollars [Billions of 1987 dollars] Seasonally adjusted at annual rates 1990 Gross domestic product , , „ Households and institutions Private households Nonprofit institutions General government Federal State and local Addendum: Gross domestic business product less housing 1990 4,9003 4,9033 4,855.1 4,824.0 4,840.7 4,861.0 4,540.0 4,718.6 4,836.9 4,884.9 4,6553 4,704.8 4,734.5 4,779.7 4,809.8 4,832.4 4,845.6 4,859.7 iess Nonfarm Nonfarm less housing Housing Farm ...v Statistical discrepancy 1989 , , 3390.8 4,050.6 4,150.4 4,180.4 3,994.7 4,039.7 4,063.6 4,104.2 4,129.9 4,148.0 4,157.0 4,166.6 4,1833 4,196.7 4,196.4 4,145.1 4,111.4 4,126.4 4,146.9 3,849.6 4,014.8 4,085.9 4,101.9 3,956.8 4,001.2 4,026.8 4,074.5 4,088.4 4,084.0 4,087.9 4,083.2 4,109.4 4,126.9 4,099.9 4,071.2 4,024.6 4,040.1 4,054.2 3,480.7 3,636.4 3,700.3 3,711.3 3,581.8 3,624.4 3,647.3 3,692.0 3,705.2 3,699.7 3,701.1 3,695.1 3,720.6 3,737.6 3,708.4 3,678.3 3,631.2 3,645.9 3,659.0 368.9 378.4 385.6 390.6 375.0 376.8 379.4 382.5 383.1 384.3 386.8 388.1 388.8 389.2 391.5 392.9 393.4 394.2 395.2 66.0 63.2 71.7 65.8 53.8 61.6 65.9 69.9 71.4 72.0 72.0 74.1 67.2 66.7 71.1 68.9 67.1 71.7 72.1 -24.8 -27.4 4.0 7.2 -33.8 -27.2 -24.7 -24.1 -24.4 1.9 -2.1 -2.7 2.3 -4.8 16.3 24.9 15.7 14.3 18.6 170.5 180.6 189.7 195.7 176.2 179.0 182.4 184.7 187.2 1893 190.6 1913 192.8 194.8 197.2 197.9 198.8 201.1 203.2 8.2 8.6 7.9 8.1 8.4 8.6 8.3 8.6 8.4 8.5 8.6 8.7 7.7 8.6 8.5 8.6 162.8 172.4 181.1 187.1 168.3 170.9 174.1 176.2 178.6 180.7 190.4 184.2 186.0 478.7 487.4 4963 151.4 327.3 153.5 333.9 154.1 342.7 155.7 353.1 153.3 331.2 153.2 332.8 488.4 490.7 492.7 495.1 498.1 5013 504.7 508.7 509.6 512.1 513.9 513.2 511.0 153.6 154.0 153.8 338.9 153.8 341.2 154.2 343.8 154.5 346.7 155.0 349.7 156.4 352.3 155.3 354.4 156.2 356.0 157.0 356.9 155.5 357.7 154.4 356.6 SURVEY OF CURRENT BUSINESS November 1991 Table 1.9.—Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income [Billions of dollars] Seasonally adjusted at annual rates line 1987 1989 1988 1990 I n IV I i in n Plus: Receipts of factor income from the rest of the world1. Less: Payments of factor income to the rest of the world* in n IV i m 5,422.4 5,504.7 5,570.5 55575 5589.0 5,652.6 5,707.4 4,539.9 4,900.4 5,244.0 5,513.8 4,752.4 4,857.2 4,9473 5,044.6 5,139.9 5,2185 5,2773 Gross domestic product 1991 1990 1989 III 105.1 128.7 145.4 147.7 123.3 123.3 128.3 139.9 141.1 147.3 143.4 149.8 145.0 142.2 145.4 158.3 147.9 131.6 132.1 100.5 120.8 141.2 137.0 111.4 117.7 124.1 130.2 136.7 148.2 140.9 139.2 134.8 141.5 139.1 132.6 125.2 123.5 119.0 Equals: Gross national product 4,544.5 4,908.2 5,248.2 5,524.5 4,7643 4,862.7 4,951.6 5,0543 5,1443 5,217.7 5,279.8 5350.9 5,432.7 5,505.5 5,576.8 5583.2 5,611.7 5,660.6 5,7205 Less: Consumption of fixed capital Capital consumption allowances Less: Capital consumption adjustment Equals: Net national product , 502.2 534.0 574.5 594.8 522.4 529.9 536.5 547.2 556.0 563.6 586.7 591.7 585.3 590.1 598.3 605.4 615.4 620.0 625.2 513.6 542.1 556.3 548.5 533.8 540.6 545.6 548.6 551.7 553.4 560.1 560.0 551.3 548.8 547.1 547.0 550.8 556.2 564.6 11.4 11.4 10.7 1.4 8.1 -18.2 -46.2 -4.3 -10.2 -26.6 -31.6 -34.0 -41.4 -51.2 -58.4 -64.5 -63.8 -60.6 9.1 4,042.4 4,374.2 4,673.7 4,929.8 4,241.9 4332.8 4,415.1 4,507.2 4,588.2 4,654.1 4,693.2 4,759.2 4347.4 4,915.4 4,9785 4,977.8 4,9963 5,040.6 5,0953 Less: Indirect business tax and nontax liability Business transfer payments Statistical discrepancy Plus: Subsidies less current surplus of government enterprises. 365.0 24.0 -24.8 14.1 385.3 25.6 -28.4 10.9 411.0 26.8 -2.7 6.1 439.2 27.7 8.1 4.8 376.8 25.2 -34.4 14.6 382.0 25.3 -28.1 12.8 388.3 24.6 -25.8 -.3 394.2 399.9 27.2 , 27.2 -25.4 -26.0 15.4 16.5 408.1 26.9 -5.2 6.5 416.7 26.3 2.5 -3.0 419.2 27.0 17.9 5.3 430.8 26.8 4.4 10.2 432.3 27.7 -2.4 3.3 442.3 27.6 28.2 -5.2 451.2 28.5 2.1 10.8 461.6 29.6 18.0 2.7 464.5 30.7 16.5 1.9 475.6 31.8 21.7 -7.1 3,6923 4,002.6 4,244.7 4,459.6 3,888.8 3,9663 4,027.6 4,127.6 4,202.6 4,230.9 4,244.7 4300.5 43955 4,461.0 4,475.2 4506.8 4,489.8 4530.8 4559.1 Equals: National income Less: Corporate profits with inventory valuation and capital consumption adjustments. Net interest Contributions for social insurance Wage accruals less disbursements Plus: Personal interest income Personal dividend income Government transfer payments to persons Business transfer payments to persons 319.8 360.4 400.7 0 548.1 100.4 521.3 20.8 365.0 351.7 319.0 352.1 364.2 365.3 378.3 366.2 361.0 345.0 334.7 340.2 339.8 299.8 296.1 302.1 3035 303.9 452.6 490.1 374.9 376.5 391.1 408.1 429.9 448.4 462.4 469.6 477.5 484.5 491.8 506.4 492.6 481.6 478.6 473.4 501.7 431.3 438.7 445.6 453.5 466.8 471.3 475.4 480.2 493.0 498.6 505.8 509.3 522.9 525.7 530.6 -.4 .4 .2 .1 .2 0 0 0 0 0 0 0 0 0 0 0 0 669.0 721.3 564.8 570.8 588.1 608.9 639.4 665.6 679.1 691.9 703.0 716.2 729.1 736.9 730.1 721.8 715.7 119.8 124.8 103.1 106.4 110.5 113.8 117.0 119.1 120.8 122.2 123.7 123.5 124.8 127.0 128.7 127.4 128.7 602.0 661.7 548.9 553.2 557.9 563.5 585.0 594.6 606.8 621.8 646.6 653.7 664.4 682.2 712.5 725.7 737.1 26.9 25.8 24.7 22.6 22.4 20.5 23.6 23.2 23.1 22.6 22.3 22.4 23.2 20.7 20.8 21.3 223 4,075.9 4380.2 4,679.8 3,967.7 4,037.9 4,102.9 4,195.2 4303.8 4351.7 4390.9 4,474.4 4,580.6 4,654.7 4,7193 4,764.7 4,768.0 4321.1 4,854.0 387.7 442.3 0 583.2 108.4 555.9 20.8 Equals: Personal income 3,802.0 Addenda: Net domestic product (1-5) .... Domestic income (13-2+3) Gross national income (4—11) . 4,037.8 4,366.4 4,669.5 4,919.0 4,230.0 4,327.3 4,410.8 4,497.4 4,583.8 4,655.0 4,690.7 4,748.7 4,837.2 4,914.6 4,972.2 4,952.1 4,973.6 5,032.6 5,082.2 3,687.7 3,994.7 4,240.5 4,448.9 3,876.9 3,960.8 4,023.3 4,117.9 4,198.2 4,231.7 4,242.2 4,289.9 4,385.3 4,460.2 4,469.0 4,481.1 4,467.1 4,522.8 4,546.0 4,569.3 4,936.7 5,250.9 5,516.5 4,798.7 4,890.8 4,9774 5,079.7 5,170.3 5,222.9 5,277.3 5,333.0 5,428.2 5,507.9 5,548.6 5,581.1 5,593.7 5,644.1 5,698.8 1. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign affiliates of U.S. corporations. 2. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S. affiliates of foreign corporations. Table 1.10.—Relation of Gross Domestic Product, Gross National Product, Net National Product, and National Income in Constant Dollars [Billions of 1987 dollars] Seasonally adjusted at annual rates Line 1987 1988 1989 1988 1990 I- II 1989 III IV I n 1990 in IV n I 1991 in IV I n in 4540.0 4,718.6 4,836.9 4,884.9 4,6553 4,704.8 4,7345 4,779.7 4,809.8 4,832.4 4,845.6 4,859.7 4,880.8 4,9003 4,9033 4,855.1 4,824.0 4,840.7 4,861.0 Gross domestic product Plus: Receipts of factor income from the rest of the world1. Less: Payments of factor income to the rest of the world* 2 105.0 123.8 133.7 130.2 120.8 119.3 122.6 132.3 131.7 136.1 131.2 135.8 130.0 125.9 127.2 137.4 126.8 111.8 111.6 3 100.4 116.1 129.9 120.4 109.0 113.8 118.4 123.0 127.6 136.9 129.0 126.1 120.6 125.0 121.4 114.7 107.0 104.7 100.3 Equals: Gross national product 4 4544.6 4,7263 4,840.7 4,894.6 4,667.1 4,7103 4,738.7 4,789.0 4,813.9 4,831.6 4,847.9 4,8693 4,890.2 4,9013 4,909.2 4,877.7 4,843.7 4,847.8 4,8723 Less* Consumption of fixed capital 5 Equals: Net national product 6 502.2 518.5 542.1 550.5 512.2 516.4 520.6 524.7 528.9 532.9 552.3 554.3 544.4 548.3 552.4 556.7 561.9 565.3 569.0 4,042.4 4,207.8 4,298.6 4344.2 4,155.0 4,193.9 4,218.1 4,264.2 4,285.0 4,298.7 4,2955 4315.0 4345.8 4352.9 4356.7 4321.0 4,281.8 4,2825 43033 Less: Indirect business tax and nontax liability plus business transfer payments less subsidies plus current surplus of government enterprises. Statistical discrepancy 7 Equals: National income 8 9 Addenda: Net domestic product (1-5) Domestic income (9-2+3) Gross national income (4—8) 10 11 12 -24.8 -27.4 -2.7 7.2 -33.8 -27.2 -24.1 -24.4 -4.8 2.3 16.3 4.0 -2.1 24.9 1.9 15.7 14.3 18.6 4,037.9 4,200.1 4,294.8 4,334.4 4,143.2 4,188.4 4,213.9 4,254.9 4,280.9 4,299.6 4,293.3 4,305.3 4,336.4 4,351.9 4,350.9 4,298.3 4,262.0 4,275.4 4,292.0 4,569.4 4,753.6 4,843.2 4,887.5 4,700.8 4,737.5 4,763.4 4,813.6 4,838.2 4,836.4 4,845.5 4,853.1 4,886.2 4,903.4 4,884.4 4,875.9 4,828.2 4,833.7 4,853.8 1. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign affiliates of U.S. corporations. -24.7 2. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S. affiliates of foreign corporations. SURVEY OF CURRENT BUSINESS 10 November 1991 Table 1.11.—Command-Basis Gross National Product in Constant Dollars [Billions of 1987 dollars] Seasonally adjusted at annual rates Line 1987 1988 1989 1988 1990 n I Gross national product 1989 III IV I n 1991 1990 in 4,544.6 4,726.3 4,840.7 4394.6 4,667.1 4,710.3 4,738.7 4,789.0 4313.9 4331.6 4347.9 IV I n in IV I n m 43693 4390.2 4,901.2 4,909.2 4377.7 4343.7 4347.8 43723 Less: Exports of goods and services and receipts of factor income from the rest of the world. Plus: Command-basis exports of goods and services and receipts of factor income l . 2 469.1 545.4 602.9 635.8 527.9 536.5 546.7 570.5 582.9 605.5 601.7 621.6 626.2 628.0 628.9 659.9 639.3 647.5 655.7 3 469.0 546.2 602.0 620.8 523.1 534.0 554.5 573.0 581.6 601.2 605.1 620.0 611.8 625.3 620.6 625.0 625.8 644.5 653.6 Equals: Command-basis gross national product .... 4 4,544.5 4,727.1 4^39.7 4^79.7 4,662.4 4,707.8 4,746.4 4,791.5 4312.6 4327.2 4351.2 4367.8 4375.8 4,898.5 4,900.9 4342.8 4330.2 4344.9 43703 Addendum: Terms of trade 2 5 100.0 100.1 99.8 97.6 99.1 99.5 101.4 100.4 99.8 99.3 100.6 99.7 97.7 99.6 98.7 94.7 97.9 99.6 99.7 1. Exports of goods and services and receipts of factor income deflated F011 by the implicit price deflator for imports of goods and services and payments of factor income. 2. Ratio of the implicit price deflator for exports of goods and services and receipts of factor income to the corresponding implicit price deflator for imports with the decimal point shifted two places to the right NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. Table 1.14.—National Income by Type of Income [Billions of dollars] Seasonally adjusted at annual rates Line 1987 1988 1989 1988 1990 1991 1990 1989 in 4,244.7 4,459.6 3388.8 3,9663 4,027.6 4,127.6 4,202.6 4,230.9 4,244.7 4300.5 4395.5 4,461.0 4,475.2 4,506.8 4,489.8 4,530.8 4,559.1 3,692.3 National income IV 2,698.7 2,9213 3,1013 3,2903 2,834.6 2395.4 2,950.2 3,004.9 3 , 0 5 0 3,081.0 3,114.9 3,157.4 3,216.1 3,279.9 33253 3340.0 3342.9 3377.4 3,406.0 Compensation of employees 2,261.2 2,443.0 2,585.8 2,738.9 2,371.5 2,422.9 2,467.0 2,510.6 2,547.8 2,569.4 2,595.8 2,630.2 2,675.9 2,731.6 2,769.9 2,778.3 2,771.1 2,800.2 2,822.5 421.8 449.0 478.6 514.0 439.7 445.7 452.1 458.5 468.4 474.7 481.8 489.7 501.5 511.4 517.7 525.4 536.0 540.1 542.2 1,839.4 1,994.0 2,107.2 2,224.9 1,931.8 1,977.2 2,014.9 2,052.1 2,079.4 2,094.7 2,114.0 2,140.6 2,174.4 2,220.2 2,252.2 2,253.0 2,235.1 2,260.1 2,280.3 437.4 478.3 515.5 551.4 463.1 472.5 483.2 494.3 503.9 511.6 519.1 527.2 540.1 548.3 555.4 561.6 571.8 577.2 583.5 227.1 247.8 261.7 277.3 241.7 245.9 249.6 254.0 258.1 260.6 262.7 265.4 272.3 276.2 279.1 281.7 287.5 288.7 290.7 210.4 230.5 253.7 274.0 221.4 226.6 233.6 240.3 245.8 251.0 256.4 261.7 267.8 272.1 276.3 279.9 284.2 288.5 292.8 Wages and salaries Government Other Supplements to wages and salaries Employer contributions for social insurance Other labor income Proprietors' income with inventory valuation and capital consumption adjustments. 310.2 3243 347.0 373.2 320.9 326.1 316.8 333.4 357.0 347.0 332.7 3513 375.8 374.2 368.8 Farm Proprietors' income with inventory valuation adjustment. Capital consumption adjustment 31.3 39.6 30.9 38.8 41.4 49.6 42.5 50.3 35.4 43.6 34.1 42.1 23.1 30.9 30.9 38.8 51.5 59.5 43.8 51.8 29.6 38.0 41.0 49.0 50.9 58.9 45.3 53.2 32.4 40.2 41.2 49.0 32.8 40.5 Nonfarm , Proprietors' income Inventory valuation adjustment Capital consumption adjustment ....'. Rental income of persons with capital consumption adjustment. Rental income of persons Capital consumption adjustment Corporate profits with inventory valuation and capital consumption adjustments. , Corporate profits with inventory valuation adjustment. Profits before tax Profits tax liability Profits after tax Dividends • Undistributed profits Inventory valuation adjustment Capital consumption adjustment Net interest Addenda: Corporate profits after tax with inventory valuation and capital consumption adjustments. Net cash flow with inventory valuation and capital consumption adjustments. Undistributed profits with inventory valuation and capital consumption adjustments. Consumption of fixed capital Less: Inventory valuation adjustment Equals: Net cash flow 380.0 382.1 39.6 47.1 31.6 39.6 -7.9 -8.3 -8.0 -8.1 -7.9 -8.2 -8.0 -7.8 -7.9 -8.0 -8.0 -8.4 -8.0 -8.0 -7.8 279.0 252.4 -.8 27.4 293.4 266.8 -1.5 28.1 305.5 278.6 -1.2 28.1 330.7 308.9 -.8 22.7 285.5 257.7 .8 26.9 292.0 265.5 -1.3 27.8 293.8 269.0 -4.0 28.7 302.5 274.9 -1.4 29.0 305.5 279.8 -3.3 29.1 303.2 275.3 -1.0 28.9 303.2 275.1 .2 27.9 310.2 284.4 -.7 26.6 324.9 300.6 -1.0 25.3 328.8 306.1 -.9 23.6 336.5 315.7 -.9 21.6 332.7 313.0 -5 20.2 331.4 312.5 -.3 19.1 340.4 321.6 -.3 19.2 350.4 331.5 -.5 19.4 3.2 43 -7.9 -12.9 62 4.1 42 2.8 -12 -6.5 -103 -12.5 -14.2 -173 -10.4 -9.5 -11.9 -11.7 -113 50.0 -46.8 53.4 -49.1 46.9 -54.8 40.6 -53.4 54.9 -48.6 53.0 -48.9 53.2 -49.0 -49.7 48.5 -50.7 45.3 -51.8 49.0 -59.4 44.8 -57.3 39.0 -53.2 35.8 -53.2 43.5 -53.9 44.0 -53.5 41.9 -53.8 42.6 -54.2 43.4 -54.9 319.8 365.0 351.7 319.0 352.1 364.2 3653 3783 366.2 361.0 345.0 334.7 340.2 299.8 296.1 302.1 303.5 303.9 327.0 318.2 303.3 316.8 320.4 340.5 332.9 332.2 323.6 319.2 330.0 302.4 304.9 315.7 316.1 312.5 344.5 138.0 206.6 127.9 78.7 -17.5 332.3 135.3 197.0 133.7 63.3 -14.2 322.1 126.6 195.5 109.6 86.0 -18.8 342.9 135.7 207.2 113.3 93.9 -26.1 353.0 372.2 146.2 226.0 121.0 105.0 -31.7 370.5 149.2 221.3 124.6 96.6 -37.6 347.9 326.9 131.2 195.7 129.1 66.7 -3.3 332.8 129.8 203.0 130.7 72.3 -13.5 336.6 137.6 199.1 132.3 66.7 -6.6 309.1 119.4 189.7 137.8 51.9 6.7 306.2 123.5 182.7 136.7 46.1 9.9 317.6 138.8 196.3 133.8 62.5 -32.6 326.1 127.1 199.0 136.2 62.8 -21.2 37.9 33.2 -2.7 -8.8 -13.6 490.1 374.9 273.4 127.1 160.8 106.2 54.6 -14.5 347.5 137.0 210.5 115.3 95.2 -27.3 95.8 -32.6 48.8 46.4 44.7 24.7 360.4 387.7 452.6 213.7 183.6 225.6 394.2 440.3 436.3 415.4 436.0 86.5 112.6 85.8 49.9 116.0 307.7 327.6 -27.3 350.5 -17.5 453.9 365. -14. 429.5 320.0 -18.8 454.8 228.5 225.6 193.7 132.5 61.2 3.8 10.2 4.4 477.5 484.5 433.7 115.2 108.1 92.3 325.0 -26.1 466.3 329.3 -32.6 470.0 341.4 -37.6 471.3 437.7 345.5 -15.7 453.4 354.9 -3.3 443.0 360.1 -13.5 447.8 51.8 -5.2 161.0 169.0 182.7 180.0 429.6 394.7 405.4 425.1 426.5 70.4 27.2 32.8 45.0 43.4 38.0 367.5 326 372.7 -21.2 426.7 380.1 6.7 418.4 383.2 9.9 385.8 -5.2 429.0 219.3 232.2 437.4 336.3 -31.7 479.1 79.2 -15.7 335.4 -7.7 359.2 -6.6 436.2 362.5 3.8 428.0 423.8 11 SURVEY OF CURRENT BUSINESS November 1991 Table 1.16.—Gross Domestic Product of Corporate Business in Current Dollars and Gross Domestic Product of Nonfinancial Corporate Business in Current and Constant Dollars Seasonally adjusted at annual rates Line 1987 1988 1989 1990 1988 I n 1989 m rv i II Billions of dollars Gross domestic product of corporate business. Consumption of fixed capital Net domestic product 1 2 3 Indirect business tax and nontax liability plus business transfer payments less subsidies. 4 Domestic income Compensation of employees Wages and salaries Supplements to wages and salaries Corporate profits with inventory valuation and capital consumption adjustments. Profits before tax Profits tax liability Profits after tax Dividends Undistributed profits Inventory valuation adjustment Capital consumption adjustment Net interest 5 6 7 g 9 Gross domestic product of financial corporate, business. 18 Gross domestic product of nonfinancial corporate business. 19 Consumption of fixed capital Net domestic product 10 11 12 13 14 15 16 17 20 21 Indirect business tax and nontax liability plus business transfer payments less subsidies. 22 Domestic income Compensation of employees Wages and salaries Supplements to wages and salaries Corporate profits with inventory valuation and capital consumption adjustments. Profits before tax Profits tax liability Profits after tax Dividends Undistributed profits Inventory valuation adjustment Capital consumption adjustment Net interest 23 24 25 26 27 28 29 30 31 32 33 34 35 Billions of 1982 dollars Gross domestic product of nonfinancial corporate business. Consumption of fixed capital Net domestic product.. Indirect business tax and nontax liability plus business transfer payments less subsidies. Domestic income 36 37 38 39 40 1991 1990 in rv . | n in IV I n in SURVEY OF CURRENT BUSINESS 12 November 1991 Table 2.1.—Personal Income and Its Disposition [Billions of dollars] Seasonally adjusted at annual rates Line 1987 1988 1989 1990 1988 n I Personal income Wage and salary disbursements Commodity-producing industries Manufacturing Distributive industries Service industries Government 1990 1989 III IV in II I IV 1991 in II I IV n I in 1 3^02.0 4,075.9 4,3802 4,6793 3,967.7 4,037.9 4,102.9 4,1952 4303.8 4 3 5 I J 4390.9 4,474.4 4380.6 4,654.7 4,7193 4,764.7 4,768.0 4321.1 4354.0 2 3 4 5 6 7 2,2612 2,443.0 2,585.8 2,738.9 2371.5 2,422.9 2,467.0 2^10.6 2,547.8 2369.4 23953 2,6302 2,675.9 2,731.6 2,7693 2,7782 2,770.9 2300.6 2322.1 651.8 699.1 723.8 745.4 682.1 694.8 703.9 715.3 720.8 719.7 724.2 730.7 737.4 747.7 751.2 745.2 733.4 735.2 742.3 490.1 524.5 542.1 555.8 512.6 520.6 527.3 537.5 542.1 539.6 541.8 544.7 548.0 557.5 560.4 557.3 549.3 552.3 559.9 536.9 575.3 607.5 634.6 559.6 571.0 580.8 589.9 599.9 605.1 608.8 616.0 624.6 634.5 640.4 639.0 635.1 642.0 643.8 650.7 719.6 775.9 845.0 690.2 711.4 730.1 746.8 758.7 770.0 781.1 793.9 812.4 838.0 860.6 868.8 866.5 883.0 894.3 421.8 449.0 478.6 514.0 439.7 445.7 452.1 458.5 468.4 474.7 481.8 489.7 501.5 511.4 517.7 525.2 535.8 540.5 541.8 210.4 230.5 253.7 274 0 2214 226 6 2336 2403 2453 2510 2564 261.7 2673 272.1 2763 279.9 2842 2883 2923 Other labor income g Proprietors' income with inventory valuation and capital consumption adjustments. Farm Nonfarm 9 3102 324.3 347.0 3732 320.9 326.1 316.8 333.4 357.0 347.0 332.7 3513 3753 3742 3683 373.9 3642 380.0 10 11 31.3 279.0 30.9 293.4 41.4 305.5 42.5 3307 35.4 285 5 34.1 292 0 23.1 293 8 30.9 302 5 51.5 305 5 43.8 303 2 29.6 303 2 41.0 310 2 50.9 324.9 45.3 328.8 32.4 336.5 41.2 332.7 32.8 331.4 39.6 340.4 31.6 350.4 Rental income of persons with capital consumption adjustment. 12 3.2 4.3 -7.9 -12.9 62 4.1 42 2.8 -22 -63 -103 -123 -14.2 -173 -10.4 -93 -11.9 -11.7 -113 Personal dividend income 13 100.4 108.4 119.8 124.8 103.1 106.4 110.5 113.8 117.0 119.1 1203 1222 123.7 1233 1243 127.0 128.7 127.4 128.7 Personal interest income 14 548.1 5832 669.0 7213 564.8 570.8 588.1 608.9 639.4 665.6 679.1 691.9 703.0 7162 729.1 736.9 730.1 7213 715.7 Transfer payments to persons Old-age, survivors, disability, and health 15 16 5422 282.9 576.7 300.4 624.4 325.1 684.9 352.0 569.4 297.8 573.8 298.9 578.7 301.2 584.8 303.8 607.7 316.7 616.9 321.7 629.1 328.2 6442 334.0 6692 347.7 6763 348.9 687.7 353.0 7053 358.4 7372 373.1 7513 377.2 764.0 381.8 17 18 19 20 21 22 14.5 16.6 76.0 152.2 16.7 135 5 13.4 16.9 82.2 163.7 17.3 1465 14.4 17.3 87.2 180.4 18.0 162.4 17.9 17.8 93.1 203.9 19.8 184.2 14.0 16.9 81.0 159.7 17.0 142.7 13.4 16.9 82.5 162.2 17.1 145.1 13.3 16.9 82.3 164.9 17.3 147.6 13.0 16.8 83.0 168.2 17.5 150.6 13.5 17.5 85.8 174.3 17.6 156.7 13.8 17.3 86.7 177.3 17.8 159.5 14.6 17.3 87.5 181.5 18.1 163.4 15.6 17.2 88.8 188.6 18.4 170.2 16.1 17.9 92.5 195.1 19.2 175.9 17.1 17.8 92.4 200.6 19.5 181.1 18.0 17.7 93.1 205.7 19.9 185.8 20.5 17.9 94.6 214.4 20.5 193.9 23.6 18.0 100.3 222.2 20.9 201.2 27.0 18.7 98.9 229.7 21.7 208.0 26.8 18.3 99.3 237.8 22.1 215.7 23 173.6 194.5 211.7 2243 189.6 192.9 196.0 1993 208.6 2103 212.7 2143 220.7 2223 226.7 2273 235.4 237.0 239.9 512.5 527.7 591.7 621.0 510.8 530.4 527.7 542.0 5743 597.6 591.8 602.9 606.6 622.7 627.5 627.2 617.1 613.6 616.9 Government unemployment insurance benefits ... Veterans benefits Government employees retirement benefits Other transfer payments Aid to families with dependent children Other Less: Personal contributions for social insurance. 382.1 Less: Personal tax and nontax payments 24 Equals: Disposable personal income 25 3289.5 3,5482 3,788.6 4,0583 3,4563 3307.6 3,5752 3,6532 3,7293 3,7542 3,799.1 3371.4 3,974.0 4,032.0 4,0913 4,1373 4,151.0 42073 4237.0 Less: Personal outlays 26 3,146.9 3,392.0 3,621.6 3,8522 32942 33552 3,4223 3,4962 3335.9 3393.4 3,6563 3,700.4 3,776.6 3,8153 33953 3,921.7 3,9373 3,977.9 4,0242 27 28 29 3,052.2 3,296.1 3,517.9 3,742.6 3,199.1 3,260.5 3,326.6 3,398.2 3,436.5 3,490.6 3,551.7 3,592.8 3,667.3 3,706.0 3,785.2 3,812.0 3,827.7 3,868.5 3,915.8 92.3 92.8 93.6 95.8 93.7 101.6 107.5 92.7 97.4 100.6 103.1 105.4 107.2 107.6 107.7 107.6 107.5 107.1 106.3 2.2 2.2 2.4 2.1 2.1 2.5 2.3 2.3 2.2 2.2 1.7 2.1 1.9 1.9 2.2 2.0 2.1 2.1 2-1 Personal consumption expenditures Interest paid by persons Personal transfer payments to rest of the world (net). 30 142.6 1562 166.9 206.6 162.6 1523 152.9 157.0 193.7 1603 1422 171.0 1973 216.7 1963 2153 213.4 229.6 2123 Addenda: Disposable personal income: Total, billions of 1987 dollars Per capita: Current dollars 1987 dollars Population (mid-period, thousands) Personal saving as percentage of disposable personal income. 31 3,289.6 3,404.3 3,471.2 3,538.3 3,380.1 3,386.3 3,407.5 3,443.1 3,473.9 3,450.9 3,466.9 3,493.0 3,531.4 3,545.3 3,547.0 3,529.5 3,514.8 3,537.4 3,539.0 32 33 34 13,545 14,476 15,313 16236 14,154 141332 14,570 14,850 15,131 15,197 15,337 15,586 15,963 16,154 16,344 16,479 16,492 16,678 16,748 13,545 13,889 14,030 14,154 13,840 13,836 13,886 13,996 14,093 13,969 13,996 14,063 14,185 14,204 14,168 14,058 13,965 14,022 13,989 242.9 245.1 247.4 250.0 244.2 244.7 245.4 246.0 246.5 247.0 247.7 248.4 249.0 249.6 250.3 251.1 251.7 252.3 253.0 35 43 4.4 4.4 5.1 4.7 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. 43 43 43 52 43 3.7 4.4 5.0 5.4 4.8 5.2 5.1 53 5.0 13 SURVEY OF CURRENT BUSINESS November 1991 Table 2.2.—Personal Consumption Expenditures by Major Type of Product [Billions of dollars] Seasonally adjusted at annual rates Line 1987 1988 1989 I 1 2 Personal consumption expenditures Durable goods 3 .... 4 5 Motor vehicles and parts Furniture and household equipment Other Nondurable ennds 6 Other 7 8 9 10 11 Services 12 Food Clothing and shoes Gasoline and oil Housing Household operation Electricity and gas Other household operation Transportation Medical care Other . .. • • 13 14 15 16 17 18 19 n IV III I in II 3,052.2 3,296.1 3,517.9 3,742.6 3,199.1 3,260.5 3326.6 3398J 3,436.5 3,490.6 3,551.7 403.7 437.1 459.8 465.9 428.8 433.1 433.5 452.9 449.4 457.2 474.5 183.5 144.0 76.2 197.8 156.7 82.6 205.6 168.1 86.0 203.7 173.2 89.0 198.2 150.8 79.9 196.4 155.7 81.1 193.3 158.0 82.2 203.4 162.5 87.1 201.4 165.3 82.7 204.3 167.5 85.5 1991 1990 1989 1988 1990 218.1 169.2 87.2 IV I n III IV I II m 3^923 3,6673 3,706.0 3,785.2 3312.0 3327.7 3368J 3,9153 458.0 479.9 464.6 467.1 451.9 440.7 440.0 452.8 198.7 213.9 203.6 204.7 192.5 180.7 179.3 188.2 170.5 176.1 173.4 173.1 170.4 171.1 172.8 173.9 88.9 87.8 89.4 90.7 89.8 87.6 89.1 88.9 1,011.1 1,073.8 1,146.9 1,217.7 1,041.5 1,062.0 1,085.8 1,105.8 1,120.0 1,142.5 1,1553 1,1693 1,194.9 1,200.9 1,228.4 1,246.4 1,2463 1,252.9 1,258.9 500.7 533.6 563.3 595.8 515.8 528.0 541.1 549.5 556.6 560.3 565.3 571.0 585.2 592.3 601.1 604.8 616.3 620.5 621.2 174.5 186.4 200.5 208.7 180.1 183.2 188.1 194.4 195.1 199.7 202.7 204.7 208.5 208.3 211.0 206.8 208.2 212.8 215.0 85.2 86.3 87.6 88.5 89.0 97.9 97.1 97.9 100.4 97.3 106.4 1232 105.0 102.0 102.2 86.9 95.5 106.8 84.7 12.3 12.1 12.1 11.7 11.1 11.8 11.7 13.4 11.9 11.7 13.3 13.1 12.2 11.4 11.7 12.1 12.0 12.5 12.0 239.1 254.8 275.6 293.9 248.1 252.4 256.8 261.7 268.2 272.8 278.5 282.8 289.0 291.4 296.6 298.6 304.5 306.2 308.6 2,204.1 2,140.7 2,175.6 2,113.6 1,965.0 2,089.6 2,040.4 1,992.5 1339.5 1391.0 1,921.9 1,807.3 1^67.1 1,765.4 1,728.8 2,059.0 1,637.4 1,785.2 1,911.2 452.5 484.2 514.3 547.1 473.5 479.5 487.8 496.0 502.2 508.8 518.2 527.9 534.1 541.5 553.6 559.3 565.7 571.7 577.0 187.8 199.5 208.4 212.7 194.9 196.8 202.4 203.8 206.0 204.8 207.2 215.5 205.2 213.4 215.8 216.5 218.6 225.4 224.3 99.6 99.8 103.7 100.5 99.1 91.7 98.3 96.4 94.7 96.1 103.1 92.2 91.7 94.5 95.3 97.2 88.4 93.4 97.6 99.4 106.1 110.8 115.6 102.8 105.1 107.9 108.5 109.5 110.2 111.1 112.4 113.5 115.1 116.7 116.9 118.8 121.6 123.8 116.6 128.5 138.0 147.6 122.7 127.5 130.9 132.7 135.7 136.1 138.6 141.5 144.1 146.2 148.5 151.7 152.2 153.9 158.1 384.7 427.7 472.2 523.1 409.9 421.4 435.1 444.4 457.4 466.4 475.7 489.3 501.8 515.8 531.3 543.4 555.9 570.0 583.5 495.7 545.4 578.4 628.4 527.8 540.2 551.2 562.6 565.9 574.7 582.2 590.8 607.1 623.5 640.3 642.8 648.2 654.7 661.2 Table 23.—Personal Consumption Expenditures by Major Type of Product in Constant Dollars [Billions of 1987 dollars] Seasonally adjusted at annual rates Line 1987 1988 1989 1990 1989 ffl Personal consumption expenditures . Durable goods . Motor vehicles and parts Furniture and household equipment. Other , Nondurable goods . Food Clothing and shoes . Gasoline and oil . Fuel oil and coal Other Services . Housing Household operation Electricity and gas Other household opearation . Transportation . Medical care . Other IV 1991 m IV 3,052.2 3,162.4 3,223.1 3,262.6 3,128.2 3,1473 3,170.6 3,202.9 3,200.9 3,208.6 3,241.1 3,241.6 3,258.6 3,281.2 3,2513 3,241.1 3,252.4 3,270.6 403.7 428.7 440.8 438.9 425.1 426.9 423.8 439.2 433.6 439.9 4543 435.6 452.7 438.7 4403 424.0 4103 408.9 418.2 183.5 194.8 196.2 191.4 197.1 195.0 189.6 197.7 193.6 195.0 208.4 187.8 200.7 192.0 192.9 179.8 166.7 164.2 170.7 144.0 155.4 166.1 170.6 150.5 154.3 156.3 160.3 163.5 166.4 166.9 167.7 173.1 170.9 170.5 168.0 168.9 171.1 172.5 78.5 76.2 77.4 76.9 78.5 77.6 78.0 81.2 76.9 75.8 79.0 78.5 76.5 76.2 78.8 80.0 73.6 75.1 75.0 1,011.1 1,035.1 1,0493 1,0503 1,023.5 1,031.0 1,0393 1,0463 1,047.1 1,0433 1,051.4 1,0553 1,054.4 1,0503 1,053.7 1,044.7 1,043.9 1,046.2 1,048.1 500.7 513.4 513.3 515.8 506.8 513.1 515.8 518,0 517.6 512.5 511.3 511.7 513.9 516.3 517.1 515.9 518.7 517.0 518.9 174.5 178.9 187.9 187.4 176.5 176.0 180.2 182.8 183.4 186.8 191.2 190.1 190.1 187.2 188.2 184.1 181.7 186.1 185,1 86.1 84.7 86.7 85.1 87.5 85.0 86.1 85.8 87.2 90.2 83.2 86.6 86.6 84.4 84.5 83.0 81.8 84.0 84.0 12.0 12.0 12.1 12.0 11.5 10.0 11.9 12.1 12.3 10.8 9.5 11.5 10.5 11.3 8.9 11.0 9.8 9.3 10.1 239.1 244.7 250.0 252.6 243.0 243.9 245.5 246.4 248.6 249.4 250.9 251.0 253.8 251.9 252.9 251.7 252.5 250.3 250.0 1,637.4 1,698.5 1,732.9 1,773.0 1,679.6 1,690.0 1,707.5 1,716.9 1,7203 1,725.4 1,735.4 1,750.7 1,751.8 1,769.6 1,7873 1,783.1 1,7863 1,797.2 13043 452.5 461.8 469.0 474.5 458.4 460.3 462.8 465.6 466.1 467.2 470.2 472.8 472.8 473.0 475.4 476.9 477.3 478.3 479.4 187.8 196.9 201.5 202.1 194.8 194.7 199.5 198.6 200.2 198.3 200.7 206.7 195.6 202.8 206.3 203.7 201.7 207.1 205.9 92.7 92.4 94.2 88.4 92.2 91.4 93.9 93.0 91.4 94.0 92.8 98.4 94.9 87.0 93.5 93.2 93.4 95.6 91.7 99.4 104.2 107.3 109.9 102.4 103.2 105.7 105.6 106.3 106.9 107.9 108.3 108.5 109.6 111.4 110.2 110.0 111.5 112.5 116.6 122.5 126.0 129.0 120.3 122.1 123.5 124.2 124.6 125.0 126.3 128.0 128.7 128.9 129.6 128.7 127.0 127.9 129.0 384.7 399.4 408.5 424.3 395.3 397.7 401.7 403.0 406.9 406.8 408.7 411.5 417.7 422.4 427.7 429.6 432.9 436.9 441.8 495.7 517.9 528.0 543.0 510.8 515.2 519.9 525.5 522.5 528.0 529.6 531.7 537.0 542.5 548.2 544.3 547.5 547.2 548.3 SURVEY OF CURRENT BUSINESS 14 November 1991 Table 3.2.—Federal Government Receipts and Expenditures [Billions of dollars] Seasonally adjusted at annual rates Line 1987 1988 1989 1988 1990 n I 1989 1991 1990 in II I IV HI IV n I m IV n I m 1 913.8 972.3 1,055.2 1,104.8 940.5 970.4 977.8 1,000.6 1,045.7 1,061.8 1,050.8 1,062.7 1,086.8 1,1063 1,115.4 1,110.7 1,115.2 1,1143 1,126.7 Personal tax and nontax receipts Income taxes Estate and gift taxes Nontaxes 2 3 4 5 400.6 392.5 7.2 .9 410.1 401.3 7.6 1.1 460.2 450.0 8.9 1.3 482.2 469.7 11.6 .9 397.6 389.4 7.2 1.0 413.5 404.9 7.3 1.4 409.4 400.4 8.0 1.0 420.0 410.8 8.1 448.5 439.1 8.2 1.2 465.7 455.1 9.3 1.3 458.5 448.6 8.6 1.3 Corporate profits tax accruals Federal Reserve banks Other 6 7 g 103.2 17.7 85.4 111.0 17.4 93.6 113.9 21.6 92.2 112.1 23.6 88.5 102.6 16.7 85.8 109.8 16.6 93.1 113.1 17.5 95.6 118.5 18.6 99.9 122.7 21.2 101.5 116.9 22.1 94.8 Indirect business tax and nontax accruals Excise taxes Customs duties Nontaxes 9 10 11 12 58.4 32.1 15.5 10.8 60.9 34.6 16.4 9.8 61.9 34.0 17.5 10.4 65.8 36.2 17.5 12.2 60.0 33.8 16.5 9.7 60.1 34.6 16.0 9.5 61.9 35.0 16.4 10.4 61.4 35.1 16.9 9.5 61.0 34.1 17.0 9.8 61.6 34.2 17.3 10.1 Receipts Contributions for social insurance 13 Expenditures 14 471.2 460.6 9.6 1.0 485.4 469.7 14.8 .9 486.6 474.7 11.1 .8 485.5 474.0 10.7 .8 473.9 462.1 10.9 .9 468.8 457.2 10.6 1.0 471.5 458.6 11.8 1.0 108.4 21.5 86.9 467.9 457.3 9.5 1.2 107.4 21.8 85.5 113.7 22.6 91.1 114.1 23.2 90.9 115.1 24.7 90.4 105.7 24.0 81.7 99.0 23.3 75.7 102.0 22.6 79.5 105.5 23.0 82.5 62.7 33.9 17.7 11.1 62.1 33.6 17.9 10.6 64.6 34.8 17.6 12.3 64.8 35.4 17.4 12.0 65.2 35.5 17.5 12.2 68,5 39.0 17.4 12.1 78.2 46.6 16.6 15.0 77.1 46.4 16.1 14.6 78.7 46.0 17.1 15.6 351.5 390.4 419.4 444.7 380.4 387.1 393.4 400.7 413.6 417.6 421.1 425.2 437.2 442.0 448.5 451.1 464.1 466.3 471.0 1,065.6 1409.0 1,179.4 U70.1 1,098.0 1,105.0 1,097.3 1,135.5 1,160.2 1,1723 1,179.2 1,2060 1,247.6 1,263.2 1,265.1 1304.4 1,261.6 1321.0 1339.2 Purchases National defense Nondefense 15 16 17 384.9 292.1 92.9 387.0 295.6 91.4 401.4 300.0 101.5 424.9 313.4 111.5 386.6 296.7 89.9 386.0 294.8 91.2 383.5 294.0 89.5 392.0 296.8 95.2 392.6 293.9 98.7 401.9 298.5 103.3 407.6 305.8 101.8 403.7 301.6 102.1 417.2 309.3 107.9 423.3 312.7 110.7 424.7 311.1 113.6 434.5 320.6 113.9 451.5 332.3 119.2 452.1 328.4 123.7 444.7 322.0 122.6 Transfer payments (net) To persons To rest of the world (net) 18 19 20 412.2 401.8 10.4 436.3 425.9 10.4 469.5 458.7 10.8 510.8 498.2 12.6 432.2 423.0 9.1 432.5 424.7 7.8 436.0 426.6 9.4 444.5 429.4 15.1 457.7 447.9 9.8 461.6 453.8 7.8 472.4 461.7 10.7 486.4 471.6 14.8 501.6 490.7 10.9 507.2 492.7 14.5 510.7 498.4 12.3 523.8 511.1 12.7 457.5 535.3 -77.8 505.1 543.0 -37.9 539.4 547.7 -8.3 Grants-in-aid to State and local governments 21 102.8 111.3 118.2 132.2 108.5 111.5 112.1 113.0 115.7 117.1 118.2 121.9 128.1 132.2 131.2 137.3 143.7 151.0 153.3 Net interest paid Interest paid To persons and business To rest of the world (net) Less: Interest received by government 22 23 24 25 26 136.6 164.0 138.7 25.3 27.5 146.0 175.5 145.3 30.2 29.5 164.7 193.4 157.6 35.9 28.8 177.5 209.2 171.4 37.9 31.8 139.7 172.7 145.0 27.7 33.0 145.0 172.7 143.2 29.5 27.7 148.1 176.0 144.8 31.3 28.0 151.2 180.6 148.4 32.2 29.4 159.8 188.1 153.3 34.8 28.3 165.8 193.7 158.0 35.7 27.9 164.2 194.6 158.2 36.4 30.4 168.8 197.3 160.8 36.5 28.5 170.9 200.8 164.0 36.8 29.8 177.5 206.3 168.8 37.4 28.8 183.7 213.4 175.3 38.1 29.7 177.7 216.5 177.4 39.1 38.8 185.7 217.4 178.2 39.3 31.7 189.7 220.3 181.2 39.1 30.6 188.4 220.4 181.3 39.1 32.0 Subsidies less current surplus of government enterprises. Subsidies Less: Current surplus of government enterprises .... 27 29.1 28.4 25.5 24.7 31.1 30.0 17.6 34.9 34.4 25.9 16.7 25.1 29.8 23.0 14.8 31.2 23.4 22.7 13.9 28 29 31.7 2.7 30.9 2.5 28.7 3.2 27.5 2.8 31.6 .5 33.7 3.7 20.6 3.0 37.8 2.8 37.5 3.1 29.2 3.3 19.9 3.2 28.2 3.1 32.9 3.1 26.1 3.1 17.8 3.0 33.0 1.9 28.6 5.1 29.7 7.0 20.6 6.8 Less: Wage accruals less disbursements 30 0 0 0 0 0 0 0 0 0 0 0 0 0 0 .2 .2 -.4 .4 Surplus or deficit (-), national income and product accounts. Social insurance funds Other .. 31 -151.8 -136.6 -124.2 -1653 -157.5 -134.6 -119.5 -134.9 -114.5 -110.5 -128.4 -1433 -160.8 -156.9 -149.7 -193.6 -146.4 -206.7 -212.6 32 33 58.2 45.2 62.2 64.2 44.6 47.9 64.0 49.7 62.8 57.7 63.7 42.3 56.7 53.2 64.5 61.5 27.0 60.6 63.1 -178.9 -189.8 -187.3 -225.9 -199.8 -184.3 -176.2 -199.0 -178.2 -175.0 -191.2 -204.8 -218.5 -219.1 -213.9 -251.8 -194.4 -251.3 -257.8 Table 3.3.—State and Local Government Receipts and Expenditures [Billions of dollars] Seasonally adjusted at annual rates 1987 1989 1989 1990 1991 III Receipts Personal tax and nontax receipts Income taxes Nontaxes Other Corporate profits tax accruals Indirect business tax and nontax accruals Sales taxes . Property taxes Other Contributions for social insurance Federal grants-in-aid Expenditures Purchases Compensation of employees Other Transfer payments to persons Net interest paid Interest paid Less: Interest received by government Less: Dividends received by government* Subsidies less current surplus of government enterprises. Subsidies Less: Current surplus of government enterprises .... Less: Wage accruals less disbursements Surplus or deficit (-), national income and product accounts. Social insurance funds Other 5943 6313 677.0 724.5 613.5 627.9 635.7 648.2 660.2 674.0 682.5 691.4 709.2 111.8 86.0 11.9 14.0 117.6 89.9 12.7 15.0 131.5 101.4 14.1 15.9 138.8 106.1 15.5 17.3 113.3 86.4 12.3 14.6 116.9 89.4 12.5 15.0 118.3 90.3 12.8 15.2 122.0 93.5 13.2 15.3 125.8 96.7 13.6 15.5 131.9 102.2 14.0 15.7 133.3 102.9 14.3 16.0 135.0 103.9 14.7 16.4 135.4 137.3 15.0 16.8 24.1 23.2 24.0 25.9 26.5 27.7 26.5 24.8 22.8 22.4 306.5 149.8 121.1 35.7 324.5 349.1 35.4 36.9 373.4 181.4 152.1 39.8 316.8 157.4 124.2 35.2 322.0 160.4 126.0 35.6 326.4 162.4 128.6 •35.4 332.7 165.5 131.8 35.5 338.9 167.3 135.7 36.0 346.5 170.6 139.3 36.6 353.9 173.6 142.6 37.7 357.1 174.3 145.5 37.2 366.2 178.7 148.2 39.3 49.2 51.9 54.1 57.0 50.9 51.7 102.8 111.3 118.2 132.2 108.5 554.2 593.0 635.9 698.8 578.4 496.6 327.3 169.3 531.7 351.9 570.0 379.1 618.0 409.8 208.2 518.1 342.6 175.5 130.0 143.3 163.5 125.8 128.5 131.3 134.2 137.2 140.8 145.1 150.2 155.9 161.0 166.0 171.0 177.2 182.7 189.4 -41.2 51.9 93.1 -44.2 54.4 98.6 -49.9 57.6 107.5 -53.7 61.1 114.9 -42.6 53.4 96.0 -43.4 54.0 97.5 -44.7 54.7 99.4 -46.2 55.4 101.6 -47.8 56.3 104.1 -49.2 57.2 106.4 -50.6 58.0 108.6 -51.9 58.9 110.8 -52.7 59.8 -53.4 60.7 -54.1 61.6 115.7 -54.8 62.4 117.2 -55.7 63.2 118.9 -56.7 64.0 120.7 -57.6 64.9 122.5 .4 21.2 .4 21.4 23.9 527.8 348.5 179.3 7303 7413 749.4 764.1 777.4 15.3 17.2 140.9 107.8 15.6 17.5 141.8 108.2 15.9 17.6 143.2 109.1 16.2 17.9 144.9 110.3 16.5 18.1 145.5 110.3 16.8 18.4 23.7 21.4 20.4 367.5 178.0 150.8 38.6 377.1 183.8 153.5 39.8 382.6 185.0 156.1 41.5 383.4 183.9 158.6 40.9 387.3 186.3 161.0 40.0 396.9 192.6 163.5 40.8 59.4 59.6 52.3 52.8 53.2 53.7 54.3 55.0 55.7 56.6 57.4 58.2 58.8 112.1 113.0 115.7 117.1 118.2 121.9 128.1 132.2 131.2 137.3 143.7 596.7 607.9 617.8 628.9 639.8 657.0 678.9 704.2 7233 729.0 736.5 745.1 535.1 354.9 180.2 545.7 361.7 184.0 554.9 368.6 186.4 564.7 375.3 189.4 573.3 382.5 190.8 587.0 390.2 196.8 604.0 398.2 205.8 621.4 413.8 207.6 636.7 420.9 215.7 640.4 433.2 207.2 643.7 436.1 207.6 609.9 406.2 203.7 637.3 427.4 209.9 5.9 6.9 8.1 9.0 6.4 6.9 7.1 7.2 7.6 8.0 8.2 8.5 9.0 9.2 9.1 -14.9 -17.5 -19.5 -20.0 -16.5 -17.2 -17.9 -18.5 -19.0 -19.4 -19.7 -19.8 -20.0 -20.4 -20.8 .3 15.2 .4 17.9 .4 19.8 .4 20.3 .3 16.9 .3 17.6 .4 18.2 .4 18.9 .4 19.4 .4 19.8 .4 20.1 .4 20.2 .4 20.4 .4 20.8 .4 21.1 .4 20.0 .4 20.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 40.1 38.4 41.1 25.7 35.1 39.1 39.0 40.2 42.4 45.1 42.6 34.4 303 26.1 18,0 20.4 27.6 323 54.8 -14.7 56.8 -18.4 60.4 -19.2 63.S -38.1 55.7 -20.6 56.4 -17.3 57.1 -18.1 65.6 -38.0 65.6 -33.3 58.9 -18.3 63.5 -34.9 64.2 -38.2 15 SURVEY OF CURRENT BUSINESS November 1991 Table 3.7B.—-Government Purchases by Type [Billions of dollars] Seasonally adjusted at annual rates Line 1987 1988 1989 in Government purchases Federal National defense Durable goods Nondurable goods Services Compensation of employees Military Civilian Other services Structures , Nondefcnse Durable goods Nondurable goods Commodity Credit Corporation inventory change. Other nondurables Services Compensation of employees Other services Structures State and local Durable goods Nondurable goods Services .... Compensation of employees Other services Structures 1990 1989 1990 IV in, 990.7 401.9 407.6 403.7 417.2 4233 424.7 434.5 451.5 298.5 80.3 11.7 305.8 85.7 10.8 202.8 118.8 78.7 40.1 301.6 77.2 10.4 207.6 309.3 82.4 9.7 210.5 123.6 82.2 41.4 86.9 6.6 312.7 86.1 10.7 209.1 124.0 82.3 41.8 85.1 6.7 311.1 87.5 12.0 205.3 124.4 82.5 41.9 80.9 6.4 320.6 87.5 18.6 208.7 126.2 83.9 42.2 82.5 5.8 107.9 5.4 4.0 -2.8 110.7 5.6 4.5 -3.1 113.6 5.8 6.7 -.1 113.9 6.0 5.4 -.8 332.3 91.5 14.8 220.8 132.6 88.5 44.1 88.2 5.1 119.2 5.7 8.5 3.3 6.2 94.3 54.8 39.5 8.2 5.2 96.9 56.8 40.1 8.1 918.7 971.4 1,042.9 384.9 387.0 401.4 424.9 386.6 386.0 383.5 392.0 392.6 292.1 88.5 10.9 185.2 108.7 73.0 35.7 76.5 7.5 295.6 82.2 11.0 195.2 112.9 75.5 37.4 82.3 7.2 300.0 80.9 11.2 201.4 118.9 78.7 40.2 82.6 6.5 313.4 85.9 12.7 208.4 124.5 82.7 83.9 6.4 296.7 81.7 10.9 197.1 113.1 75.5 37.5 84.0 7.0 294.8 82.0 11.5 193.6 112.7 75.4 37.3 80.9 7.7 294.0 83.0 10.4 193.7 112.5 75.6 36.9 81.1 6.9 296.8 82.2 10.9 196.4 113.3 75.6 37.7 83.1 7.2 293.9 80.2 11.8 195.2 118.3 78.5 39.8 76.8 6.7 92.9 101.5 5.3 5.9 111.5 5.7 5.1 -1.7 89.9 4.2 1.3 -6.8 91.2 4.7 -.3 -8.6 89.5 4.4 -2.2 -8.1 95.2 4.9 2.1 -4.7 98.7 5.3 4.7 -2.8 103.3 101.8 4.2 6.4 -.2 91.4 4.5 .2 -7.1 5.5 7.1 .3 5.1 6.7 .1 6.6 73.4 42.7 30.7 8.9 7.3 80.0 46.9 33.0 6.7 6.7 83.2 50.3 32.9 7.0 6.8 92.5 54.9 37.6 8.2 8.2 77.4 45.4 32.0 7.0 8.3 80.0 46.7 33.4 6.8 5.9 80.2 47.6 32.6 7.1 6.7 82.1 47.9 34.2 6.1 7.5 82.3 49.8 32.5 6.3 6.7 83.9 50.4 33.5 6.9 6.6 82.8 50.6 32.2 7.2 496.6 531.7 570.0 618.0 518.1 527.8 535.1 545.7 554.9 564.7 26.0 42.3 357.3 327.3 29.9 71.0 28.1 45.5 382.2 351.9 30.3 75.9 31.0 50.1 408.5 379.1 29.4 80.4 33.7 54.9 439.2 409.8 29.4 90.1 27.1 44.1 372.8 342.6 30.2 74.1 27.7 45.4 378.9 348.5 30.5 75.8 28.4 46.1 385.3 354.9 30.5 75.2 29.1 46.5 391.8 361.7 30.1 78.3 29.8 48.8 398.2 368.6 29.6 78.2 30.6 50.3 404.8 375.3 29.5 79.1 41.8 rv 1,033.2 1,046.0 1,071.2 1,088.8 1,092.5 1,088.4 980.9 881.5 200.1 118.3 78.5 39.8 81.8 6.4 84.0 6.6 120.0 79.0 41.0 87.6 6.5 102.1 5.4 5.2 -.9 6.8 90.3 53.9 36.4 8.2 7.5 92.3 56.1 36.2 8.3 5733 6.1 83.9 50.4 33.5 7.6 587.0 604.0 609.9 6.8 93.0 54.7 38.3 8.0 621.4 31.3 50.2 411.7 382.5 29.2 80.2 32.1 51.1 419.6 390.2 29.4 84.1 32.7 53.3 427.9 398.2 29.7 90.1 33.4 53.0 435.8 406.2 29.6 87.7 34.1 55.2 442.6 413.8 28.8 89.5 452.1 444.7 93.9 11.2 217.9 131.8 87.4 44.4 86.1 5.4 87.4 12.2 217.5 131.3 86.7 44.6 86.1 5.0 123.7 6.3 8.6 1.9 122.6 6.0 5.1 -.5 6.6 98.8 56.9 41.9 10.1 5.6 101.4 57.1 44.4 10.1 636.7 6373 640.4 643.7 34.7 58.2 450.4 420.9 29.5 93.4 35.3 56.1 457.1 427.4 29.6 88.9 35.6 55.0 462.3 433.2 29.1 87.6 35.7 55.1 464.4 436.1 28.3 88.5 Table 3.8B.—Government Purchases by Type in Constant Dollars [Billions of 1987 dollars] Seasonally adjusted at annual rates line 1987 1988 1989 1990 1988 1989 HI Government purchases . Federal National defense . Durable goods . Nondurable goods ..... Services Compensation of employees ., Military. Civilian . Other services . Structures Nondefense Durable goods ..... Nondurable goods . Commodity Credit Corporation inventory change. Other nondurables Services Compensation of employees Other services Structures State and local . Durable goods Nondurable goods Services Compensation of employees .... Other services Structures 1990 IV IV 1991 in IV 881.5 886.8 900.4 929.1 883.7 885.6 883.7 894.5 8983 907.4 908.9 923.0 928.1 927.5 937.9 944.5 9443 384.9 3773 375.0 380.9 379.7 377.2 373.7 378.4 369.1 376.2 380.9 373.9 3793 3833 378.4 382.6 391.7 392.7 292.1 88.5 10.9 185.2 108.7 73.0 35.7 76.5 7.5 287.0 81.3 10.3 188.6 108.3 72.4 35.9 80.2 6.9 280.7 77.9 10.2 186.8 108.5 72.1 36.4 78.3 5.8 281.3 80.5 9.9 185.4 108.1 72.1 36.1 77.3 5.5 290.8 81.6 10.5 191.8 109.1 72.9 36.2 82.6 7.0 287.1 81.6 10.7 187.3 108.1 72.2 36.0 79.2 7.5 284.6 9.5 187.2 107.8 72.2 35.6 79.4 6.6 285.7 80.6 10.5 188.0 108.3 72.4 35.9 79.7 6.5 276.1 77.3 10.9 181.7 108.4 72.0 36.4 73.4 6.1 279.9 772 10.7 186.3 108.0 71.8 36.2 78.3 5.8 286.7 83.1 10.0 187.8 108.4 72.1 36.3 79.4 5.8 279.9 73.8 9.1 191.3 109.1 72.3 36.8 82.2 5.7 281.5 78.3 8.2 189.2 107.9 71.9 36.0 81.3 5.8 283.8 81.8 9.3 186.8 71.6 36.1 79.1 5.9 278.0 80.9 9.8 181.9 107.9 71.7 36.1 74.0 5.5 282.0 81.2 12.2 183.7 109.1 72.9 36.1 74.6 4.9 289.4 83.7 12.1 189.7 110.2 74.0 36,2 79.5 3.9 287.0 86.3 10.2 186.4 108.9 72.7 36.2 77.5 4.2 280.0 80.4 11.0 184.9 107.9 71.7 36.2 77.0 3.7 92.9 4.2 6.4 -.2 90.2 4.5 1.9 -5.1 94.4 5.2 6.2 .1 99.6 5.5 5.1 -1.0 88.9 4.3 2.1 -6.0 90.1 4.7 1.2 -7.0 89.1 4.3 .6 -5.0 92.7 4.8 3.7 -2.6 93.0 5.2 5.4 -1.5 96.3 5.4 7.1 1.0 94.2 5.0 6.8 .8 94.0 5.2 5.5 0 97.7 5.3 4.3 -1.9 99.5 5.5 4.9 -1.9 100.4 5.5 6.1 0 100.6 5.9 5.3 -.4 102.3 5.4 7.6 3.2 105.7 5.9 7.9 2.1 104.2 5.7 4.8 -.1 6.6 73.4 42.7 30.7 8.9 7.0 77.3 45.2 32.1 6.5 6.1 76.4 45.6 30.8 6.6 6.2 81.5 47.6 33.9 7.4 8.1 75.7 44.1 31.5 6.8 8.1 77.6 45.1 32.5 6.6 5.6 77.4 45.8 31.6 6.8 6.3 78.4 45.7 32.7 5.8 6.9 76.3 45.4 30.9 6.0 6.1 77.3 45.8 31.5 6.5 6.0 75.8 45.8 30.0 6.7 5.5 76.3 45.4 30.9 7.0 6.1 80.7 47.1 33.6 7.4 6.8 81.7 48.7 32.9 7.5 5.8 82.1 47.1 35.0 7.4 4.4 82.0 46.8 35.2 7.2 5.8 83.0 46.6 36.4 8.9 4.8 84.8 46.6 38.3 8.9 496.6 509.6 5253 548.2 503.9 5083 510.0 516.1 517.8 522.1 526.4 534.9 543.7 544.8 6.1 81.6 47.4 34.2 7.2 549.1 5553 552.7 551.7 551.0 26.0 42.3 357.3 327.3 29.9 71.0 27.4 44.3 365.4 333.9 31.5 72.5 29.3 45.8 375.7 342.7 33.0 74.6 31.2 47.5 387.2 353.1 34.1 82.4 26.8 43.7 362.0 331.2 30.8 71.5 27.2 44.2 364.2 332.8 31.3 72.9 28.0 44.7 369.0 336.7 32.2 74.3 28.5 45.4 371.2 338.9 32.2 72.7 29.0 45.6 373.9 341.2 32.7 73.5 29.5 45.8 376.9 343.8 33.0 74.2 30.1 46.3 380.7 346.7 33.9 77.8 30.6 47.1 383.4 349.7 33.8 82.6 30.9 47.3 386.3 352.3 34.0 80.2 31.4 47.6 388.5 354.4 34.1 81.6 31.7 48.0 390.5 356.0 34.6 85.1 31.9 48.0 392.1 356.9 35.3 80.6 32.1 48.0 392.9 357.7 35.2 78.6 32.2 47.8 391.6 356.6 35.1 79.4 81.3 27.6 44.5 366.6 334.8 31.8 71.3 107.7 935.2 16 SURVEY OF CURRENT BUSINESS November 1991 Table 3.10.—National Defense Purchases [Billions of dollars] Seasonally adjusted at annua rates Line 1987 1988 1989 n I 1 National defense purchases 2 Durable goods Missiles Ships Vehicles Electronic equipment Other Other durable goods Nondurable goods Petroleum products Ammunition Other nondurable goods Services Military Civilian Contractual research and development . Installation support' Weapons support^3 Personnel support Transportation of material Travel of persons Other Structures Military facilities Other , m IV I m II IV I IV I II ni 75.0 26.8 14.0 11.5 4.9 7.7 10.1 7.4 78.2 31.5 13.9 12.5 4.7 6.5 9.2 7.9 80.6 31.7 16.8 11.9 4.8 7.4 80 6.8 83.3 32.2 17.1 14,1 4.4 7.7 7.8 4.2 78.7 27.5 18.1 11,5 4.1 6.9 10.6 12.9 82.3 27.2 16.1 12.6 5.1 7.4 14.0 11.6 75.9 25.7 15.9 11.8 4.8 6.7 11.0 11.5 10.4 9.7 10.7 12.0 18.6 14.8 1L2 12.2 4.6 2.5 3.3 4.4 2.2 3.2 4.1 3.2 3.3 5.0 3.6 3.4 11.5 35 3.6 6.5 4.9 3.4 4.0 38 3.4 5.4 3,6 3.1 80.6 35.6 13.5 9.8 7.2 6.8 7.7 7.9 75.5 32.0 12.7 9.7 6.2 6.8 8.1 6.7 73.8 28.6 13.0 11.1 5.1 7.3 8.7 7.0 79.3 30.6 15.4 12.5 4.7 7.3 8.8 6.6 75.6 34.1 11.5 9.4 6.2 6.8 7.6 6.1 75.0 32.2 13.0 9.1 6.6 6.9 7.2 7.0 76.0 32.1 12.6 9.3 6.8 6.3 8.9 7.1 75.6 29.5 13.8 10.9 5.2 7.4 8.8 6.7 74.4 30.7 12.2 11.1 5.4 7.1 7.9 5.9 72.1 26.1 13.2 10.5 5.4 7.2 9.8 8.2 77.2 28.0 14.3 11.6 5.2 8.0 10.0 8.5 71.7 29.8 12.5 11.0 4.4 7.0 7.0 5.5 11 10.9 11.0 1L2 12.7 10.9 1L5 10.4 10.9 11.8 11.7 10.8 12 13 14 3.9 3.4 3.6 3.5 3.8 3.6 4.2 3.5 3.5 6.2 3.1 3.4 3.5 3.7 3.8 3.3 4.5 3.7 3.4 3.5 3.5 \9 3.7 3.4 3.8 4.3 3.6 4.2 3.8 3.7 4.0 3.2 3.5 185.2 195.2 201.4 208.4 197.1 193.6 193.7 196.4 195.2 200.1 202.8 207.6 210.5 209.1 2053 208.7 220.8 217.9 217.5 27 7.5 7.2 6.5 6.4 7.0 7.7 113.3 118.3 118.3 118.8 120.0 123.6 75.6 78.5 78.5 78.7 79.0 82.2 37.7 39.8 39.8 40.1 41.0 41.4 83.1 76.8 81.8 84.0 87.6 86.9 27.5 26.3 26.6 27.6 28.4 29.7 28.0 21.8 27.2 27.9 28.8 27.2 9.5 9.5 10.5 10.3 9.5 9.3 11.9 11.3 11.3 11.7 12.6 13.1 3.8 4.1 4.2 3.7 3.2 4.3 4.2 4.4 3.5 3.8 3.7 3.6 c. o 7 o 6.6 6.6 6.7 6.4 6.5 7.2 6.9 28 29 4.8 2.6 4.7 2.5 4.1 2.4 3.7 2.7 4.5 2.5 5.2 2.5 4.5 2.4 16 «. 17 18 19 20 21 22 .... 23 24 25 m II 292.1 295.6 300.0 3134 296.7 294.8 294.0 296.8 293.9 2985 305.8 301.6 309.3 312.7 311.1 320.6 3323 3284 322.0 885 82.2 80.9 85.9 81.7 82.0 83.0 82.2 80.2 803 85.7 77.2 82.4 86.1 87.5 87.5 91.5 93.9 87.4 3 4 5 A.... 6 7 8 9 10 15 1991 1990 1989 1988 1990 108.7 112.9 118.9 124.5 113.1 112.7 112.5 73.0 75.5 78.7 82.7 75.5 75.4 75.6 35.7 37.4 40.2 41.8 37.5 37.3 36.9 76.5 82.3 82.6 83.9 84.0 80.9 81.1 25.4 27.1 27.2 28.7 27.7 26.9 26.4 22.4 26.8 26.4 23.7 27.1 25.0 27.0 9.9 9.6 10.4 10.3 9.8 10.9 10.0 11.4 119 11.7 13.5 12.0 11.9 11.7 4.1 3.8 4.9 4.1 3.5 3.6 3.5 3.6 4.0 3.7 4.0 4.0 3.7 3.7 1 t\ 4.5 2.6 4.0 2.5 4.3 2.4 4.0 2.5 4.0 2.4 4.0 2.6 124.0 124.4 126.2 82.3 82.5 83.9 41.8 41.9 42.2 85.1 80.9 82. 5 29.8 28.6 26.8 23.3 20.9 23.4 8.5 10.4 9.4 13.6 13.5 13.8 6.3 5.2 4.3 4.4 4.2 4.1 o —6 6.7 6.4 5.8 131.8 87.4 44.4 86.1 27.4 21.3 11.4 12.7 7.6 6.1 __ 5 5.4 5.1 4.0 2.7 3.7 2.7 3.0 2.8 2.5 2.7 132.6 88.5 44.1 88 2 26.0 24.7 1U 13.0 7.6 6.2 —4 2.8 2.5 131.3 86.7 44.6 86.1 26.7 25.2 11.2 12.4 5.6 5.5 _5 5.0 2.6 2.4 3. Includes compensation of foreign personnel, consulting, training, and education. 1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors to operate installations. 2. Includes depot maintenance and contractual services for weapons systems, other than research and development. Table 3.11.—National Defense Purchases in Constant Dollars [Billions of 1987 dollars] Seasonally adjusted at annual rates 1988 1990 1988 n National defense purchases 1989 292.1 287.0 280.7 2813 290.8 1991 1990 HI in III IV IV ni 280.0 289.4 279.9 2815 283.8 278.0 279.9 Durable goods . 88.5 813 77.9 80.5 81.6 81.6 813 80.6 773 77.2 83.1 73.8 81.8 80.9 81.2 83.7 863 Military equipment . Aircraft Missiles Ships Vehicles Electronic equipment . Other Other durable goods Nondurable goods 80.6 35.6 13.5 9.8 7.2 6.8 7.7 7.9 74.8 32.0 12.9 9.4 6.0 6.8 7.8 6.5 71.3 27.8 13.4 10.3 4.8 7.1 8.0 6.5 74.8 28.4 15.8 11.4 4.4 6.9 7.9 5.8 75.5 34.3 11.7 9.2 6.1 6.7 7.4 6.1 74.7 32.3 13.4 8.9 6.4 6.9 6.9 6.8 74.6 31.8 12.6 8.9 6.6 6.2 8.5 6.8 74.4 71.7 29.5 29.6 14.0 ,12.3 10.4 10.4 4.8 5.0 7.3 6.9 8.4 7.4 6.2 5.6 69.6 25.3 13.5 9.8 5.0 7.0 9.1 7.5 75.3 27.6 15.1 10.8 5.0 7.7 9.2 7.8 68.7 28.7 12.8 10.1 4.2 6.6 6.2 5.2 71.7 25.5 14.6 10.6 4.6 7.3 9.1 6.6 74.8 29.2 75.1 29.0 16.5 10.8 4.5 7.0 7.2 5.8 77.6 30.0 16.7 12.7 4.1 7.2 6.9 3.6 72.7 25.7 17.2 10.1 3.9 6.5 9.4 11.0 76.4 25.1 16.4 10.8 4.8 6.9 12.4 9.8 70.6 24.2 15.9 10.1 4.5 6.3 9.6 9.8 10.9 103 10.2 9.9 105 10.7 9.5 105 10.9 10.7 10.0 9.1 8.2 12.2 12.1 10.2 11.0 3.9 3.4 3.6 3.3 3.6 3.4 3.6 3.3 3.2 4.0 2.8 3.0 3.5 3.4 3.6 3.0 4.2 3.5 2.9 3.3 3.3 3.7 3.6 3.2 3.4 4.1 3.4 3.5 3.7 3.4 3.6 3.2 3.2 3.9 2.3 2.9 3.4 2.0 2.8 93 3.4 2.8 3.0 9.8 Petroleum products Ammunition Other nondurable goods , 3.5 3.2 3.1 5.7 3.2 3.2 4.2 4.8 3.1 3.3 3.7 3.2 4.3 3.8 2.9 Services Compensation of employees Military Civilian Other services Contractual research and development . Installation support' Weapons support2 Personnel support3 Transportation of material . Travel of persons Other. Structures.., Military facilities... Other .... 185.2 186.8 1873 187.2 188.0 181.7 1863 187.8 1913 189.2 186.8 181.9 183.7 189.7 186.4 184.9 108.7 108.3 108.5 108.1 109.1 108.1 107.8 108.3 108.4 108.0 108.4 109.1 107.9 109.1 110.2 108.9 107.9 73.0 72.4 72.1 72.1 72.9 72.2 72.2 72.4 72.0 71.8 72.1 72.3 71.6 71.7 72.9 74.0 72.7 71.7 35.7 35.9 36.4 36.1 36.2 36.0 35.6 35.9 36.4 36.2 36.3 36.8 36.1 36.1 36.2 36.2 76.5 80.2 78.3 77.3 82.6 79.2 79.4 79.7 73.4 78.3 79.4 82.2 81.3 74.0 74.6 79.5 77.5 25.4 27.5 26.8 26.5 26.9 25.4 25.9 26.4 27.2 28.0 28.1 26.8 24.9 24.0 25.1 24.3 26.2 22.4 26.4 24.1 26.0 26.7 20.8 25.8 26.2 26.6 25.1 21.3 18.5 20.5 21.8 19.0 22.2 24.9 9.1 9.8 8.9 8.9 10.2 10.2 10.9 9.6 9.0 9.7 9.2 7.7 10.0 10.2 10.0 9.6 9.8 9.0 8.6 11.4 11.2 10.6 11.5 11.6 11.3 11.0 10.9 10.4 10.4 10.6 11.0 11.6 11.8 11.4 11.3 10.6 10.1 9.9 4.3 3.7 4.4 5.3 3.5 4.8 3.2 4.1 3.9 3.5 4.2 7.9 6.7 4.2 4.0 4.3 5.9 7.7 5.6 4.1 3.6 3.6 3.8 3.7 3.9 3.4 3.5 3.6 3.9 3.8 5.5 4.0 3.3 4.0 3.6 5.1 5.7 3.8 -.8 -.7 -.5 -.6 -.4 -.4 -.7 -1.5 -.6 -.6 -.3 -.5 -.5 -.4 -.7 -.4 -.4 -.7 7.5 6.9 5.8 5.5 7.0 6.6 65 6.1 5.8 5.8 5.7 5.8 5.9 55 4.9 3.9 4.2 3.7 4.8 2.6 4.6 2.2 3.9 1.9 3.4 2.1 4.5 2.4 4.4 2.1 4.4 2.1 4.2 1.9 3.8 2.0 3.8 2.0 3.8 1.9 3.8 2.0 3.8 2.1 3.4 2.1 2.8 2.1 2.3 1.6 2.6 1.6 2.3 1.4 1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors to operate installations. 2. Includes depot maintenance and contractual services for weapons systems, other than research and development. 4.4 6.2 8.3 7.0 3. Includes compensation of foreign personnel, consulting, training, and education. 17 SURVEY OF CURRENT BUSINESS November 1991 Table 4.1.—Foreign Transactions in the National Income and Product Accounts [Billions of dollars] Seasonally adjusted at annual rates 1987 1989 1990 1991 1989 in IV Receipts from rest of the world . Exports of goods and services Merchandisel Durable . Nondurable Services1 Receipts of factor income2 469.0 572.9 650.3 698.2 541.8 562.1 580.7 606.9 627.2 653.5 649.6 671.1 679.6 688.1 694.1 730.9 713.8 721.4 727.8 364.0 257.7 163.0 94.7 106.2 444.2 325.8 208.8 117.0 118.4 504.9 371.4 242.3 129.2 133.5 550.4 398.2 262.6 135.6 152.2 418.5 304.7 195.4 109.3 113.8 438.8 321.5 206.8 114.7 117.3 452.4 331.6 209.6 122.0 120.7 467.0 345.4 223.4 122.0 1.21,6 486.1 358.6 231.1 127.4 127.5 506.2 376.5 244.8 131.7 129.7 506.2 370.3 243.5 126.8 135.9 52.1.3 380.4 249.7 130.7 140.9 534.6 390.3 256.4 133.9 144.2 545.9 397.5 265.2 132.2 148.4 548.7 395.0 262.4 132.6 153.7 572.6 410.0 266.2 143.8 162.6 565.9 412.3 265.2 147.2 153.5 589.8 426.7 287.3 139,5 163.1 595.7 427.8 287.7 140.1 167.8 105.1 128.7 145.4 123.3 123.3 128.3 139.9 141.1 147.3 143.4 149.8 145.0 142.2 145.4 158.3 147.9 131.6 132.1 Capital grants received by the United States (net). 0 0 Payments to rest of the worlld Imports of goods and services Merchandise1 .. Durable . Nondurable . Services1 Payments of factor income3 Transfer payments (net) . From persons (net) From government (net) From business Net foreign investment . in IV 469.0 572.9 650.3 698.2 541.8 562.1 580.7 606.9 627.2 653.5 649.6 671.1 679.6 688.1 694.1 730.9 713.8 721.4 727.8 507.1 414.8 264.2 150.6 92.3 552.2 452.1 294.8 157.3 100.1 587.8 484.6 310.6 174.0 103.3 624.8 507.4 314.3 540.5 441.6 284.3 157.2 99.0 544.3 445.7 289.6 156.2 98.6 550.9 451.1 293.8 157.3 99.8 573.1 470.1 311.4 158.7 103.0 575.0 473.6 309.7 163.8 101.5 589.2 487.9 311.2 176.6 101.3 588.3 485.1 309.6 175.5 103.2 598.8 491.8 311.7 180.1 107.0 612.6 500.2 306.8 193.3 112.4 606.3 492.8 311.3 181.5 631.2 511.8 319.1 649.2 525.0 320.0 205.1 124.1 602.7 485.4 304.6 180.7 117.3 607.0 488.3 304.8 183.5 118.7 634.4 510.6 325.2 185.4 123.9 100.5 120.8 141.2 111.4 117.7 124.1 130.2 136.7 148.2 140.9 139.2 134.8 141.5 139.1 132.6 125.2 123.5 119.0 16.0 2.4 10.4 3.2 17.3 2.1 10.4 4.8 17.3 2.1 10.8 4.4 19.2 2.1 12.6 4.5 16.2 2.3 9.1 4.8 14.4 1.9 7.8 4.7 15.3 2.1 9.4 3.8 23.2 2.2 15.1 5.9 16.3 1.9 9.8 4.6 14.6 2.2 7.8 4.6 16.7 2.0 17.2 2.1 10.9 4.2 20.8 1.7 14.5 4.6 19.1 2.5 12.3 4.3 19.6 2.1 12.7 4.9 -70.6 2.3 -77.8 4.9 -30.8 2.2 -37.9 4.9 -1.1 2.2 10.7 4.0 21.7 2.2 14.8 4.6 -154.5 -117.5 -96.0 -82.8 -126.3 -114.4 -109.6 -119.5 -100.8 -98.4 -96.3 -88.6 -85.0 -80.4 -95.3 -70.4 56.5 21.7 -24.5 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. 2. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign affiliates of U.S. corporations. -8.3 4.9 3. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S. affiliates of foreign corporations. Table 4.2.—Exports and Imports of Goods and Services and Receipts and Payments of Factor Income in Constant Dollars [Billions of 1987 dollars] Seasonally adjusted at annual rates Line 1987 1988 1989 1990 1988 I Exports of goods and services Merchandise x Durable Nondurable Services' 1 2 3 4 5 364.0 257.7 163.0 94.7 106.3 421.6 307.4 202.8 104.6 114.2 469.2 343.8 230.6 113.2 125.4 505.7 369.4 249.3 120.1 136.2 407.1 296.0 192.7 103.3 111.2 II 417.2 303.6 201.2 102.4 113.6 IV 424.1 308.1 202.7 105.4 116.0 438.2 322.0 214.7 107.2 116.2 I 451.2 330.3 220.8 109.5 120.9 n 469.5 347.0 232.8 114.1 122.5 1991 1990 1989 III in IV 470.5 343.1 230.9 112.2 127.4 485.8 354.8 237.7 117.1 131.0 I 496.2 364.9 243.9 121.0 131.3 n 502.1 368.0 249.9 118.1 134.1 m rv 501.6 365.1 248.6 116.5 136.5 522.5 379.4 254.5 124.9 143.1 I 5125 379.9 251.2 128.7 132.6 n 535.7 395.8 271.0 124.8 139.9 in 544.1 400.8 273.2 127.6 143.3 6 105.0 123.8 133.7 130.2 120.8 119.3 122.6 132.3 131.7 136.1 131.2 135.8 130.0 125.9 127.2 137.4 126.8 111.8 111.6 Imports of goods and services Merchandise1 Durable Nondurable Services1 7 8 9 10 11 507.1 414.8 264.2 150.6 92.3 525.7 431.3 274.7 156.7 94.3 544.9 450.4 287.0 163.4 94.5 557.0 458.5 290.0 168.4 98.5 520.5 426.5 271.1 155.4 94.0 515.2 422.8 269.3 153.4 92.5 526.1 431.3 274.4 156.9 94.8 540.9 444.8 284.0 160.8 96.1 532.4 439.9 282.4 157.4 92.5 54O 447.5 286.0 161.5 93.8 5503 555.7 5522 5545 455.4 288.8 166.6 94.9 458.9 290.8 168.2 96.8 455.9 283.7 172.3 96.3 457.2 287.1 170.1 97.4 567.4 467.9 296.4 171.5 99.5 553.7 453.0 293.0 160.0 100.7 531.1 435.9 278.9 156.9 95.3 548.0 451.2 283.2 168.0 96.8 576.4 475.2 304.4 170.9 101.2 Payments of factor income^ 12 100.4 116.1 129.9 120.4 109.0 113.8 118.4 123.0 127.6 136.9 129.0 126.1 120.6 125.0 121.4 114.7 107.0 104.7 100.3 Receipts of factor income ^ » 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. 2. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign affiliates of U.S. corporations. 3. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S. affiliates of foreign corporations. 18 SURVEY OF CURRENT BUSINESS November 1991 Table 4.3.—Exports and Imports of Merchandise by End-Use Category [Billions of dollars] Seasonally adjusted at annual rates Line 1987 1988 1989 1990 1988 1989 m Exports of merchandise 1990 ffl rv 1991 IV 257.7 325.8 371.4 3982 304.7 321.5 331.6 345.4 358.6 3763 370.3 380.4 3903 3973 395.0 410.0 4123 426.7 25.2 33.8 37.4 35.3 30.2 33.1 36.6 35.1 39.4 38.5 34.9 36.8 38.2 36.4 34.1 32.5 36.4 34.5 67.4 842 96.9 83.1 86.3 88.3 94.0 99.2 98.0 96.6 99.3 97.8 100.6 110.2 109.8 106.7 21.0 28.8 35.0 35.7 29.0 29.3 31.1 34.2 35.2 35.7 35.0 35.4 34.8 35.5 37.0 36.5 38.1 46.4 55.4 61.9 66.3 53.3 54.1 57.1 57.2 59.8 64.0 62.4 61.6 63.8 63.0 65.1 73.2 73.3 68.6 92.7 119.1 139.6 153.3 112.3 117.6 118.8 127.7 130.7 141.0 143.5 143.0 150.7 154.7 152.6 155.0 155.8 170.5 16.4 21.2 26.6 23.2 19.6 22.7 23.0 27.9 29.9 25.7 32.0 34.4 31.6 30.8 30.8 38.9 18.8 24.0 24.5 23.4 24.0 25.3 23.1 24.4 25.2 25.3 25.8 25.1 26.5 26.2 27.3 27.3 57.5 73.9 88.5 95.2 69.8 71.0 75.2 79.7 84.6 88.8 88.4 92.1 93.0 95.2 94.6 98.0 97.7 104.4 27.6 33.4 34.9 36.5 32.3 32.7 33.9 34.7 35.0 35.1 33.6 36.1 34.4 38.4 37.7 35.4 34.2 40.3 20.3 27.0 36.6 42.8 23.9 26.6 27.5 29.9 34.4 36.7 35.5 39.7 40.3 43.3 42.3 45.3 45.9 44.5 9.5 13.3 19.8 22.9 11.5 13.3 13.5 15.1 18.7 20.5 18.4 21.5 22.1 23.9 22.7 23.0 23.6 23.2 10.8 13.6 16.8 19.9 12.4 13.3 14.0 14.9 15.7 16.2 17.1 18.2 18.2 19.4 19.6 22.3 22.3 21.3 24.5 28.3 26.0 28.4 26.8 28.4 28.5 29.6 25.1 26.0 24.8 28.2 27.5 26.8 27.6 31.7 30.2 30.1 12.2 142 13.0 14.2 13.4 14.2 14.2 14.8 12.5 13.0 12.4 14.1 13.7 13.4 13.8 15.8 15.1 15.1 12.2 14.2 13.0 14.2 13.4 14.2 14.2 14.8 12.5 13.0 12.4 14.1 13.7 13.4 13.8 15.8 15.1 15.1 Foods, feeds, and beverages Industrial supplies and materials Durable goods Nondurable goods Capital goods, except automotive Civilian aircraft, engines, and parts Computers, peripherals, and parts Other., Automotive vehicles, engines, and parts Consumer goods, except automotive Durable goods Nondurable goods . Other Durable goods Nondurable goods . 24.8 24.9 25.1 26.7 66.1 76.6 78.4 77.6 34.0 39.6 40.8 39.0 32.1 37.0 37.5 38.7 42.9 39.6 50.9 62.3 85.1 102.2 112.5 116.0 6.6 9.6 10.5 7.9 14.8 18.4 21.6 23.0 63.7 76.0 81.3 82.5 85.2 87.9 87.4 87.7 88.8 96.4 103.5 105.3 49.0 52.8 56.4 55.7 39.8 43.6 47.0 49.6 21.8 24.3 26.9 31.8 10.9 12.2 13.5 15.9 10.9 12.2 13.5 15.9 Addenda: Exports of agricultural products * Exports of nonagricultural products ..... Imports of nonpetroleum products . 37.0 103.9 38.0 65.9 166.2 35.6 26.7 104.0 44.9 44.8 23.1 21.7 31.1 15.5 15.S 525.0 485.4 4883 510.6 414.8 452.1 484.6 507.4 441.6 445.7 451.1 470.1 473.6 487.9 485.1 491.8 5002 4924 Imports of merchandise . Foods, feeds, and beverages Industrial supplies and materials, except petroleum and products . Durable goods Nondurable goods Petroleum and products Capital goods, except automotive Civilian aircraft, engines, and parts . Computers, peripherals, and parts Other Automotive vehicles, engines, and parts .... Consumer goods, except automotive , Durable goods Nondurable goods . Other Durable goods Nondurable goods 4274 26.0 23.9 25.0 24.9 25.0 25.3 25.0 25.0 27.7 27.1 25.8 26.0 25.6 27.9 26.3 75.0 75.4 76.1 80.1 80.2 78.9 77.0 77.2 77.2 76.3 78.3 78.7 74.2 75.8 76.2 38.8 38.7 38.8 42.3 42.1 41.4 40.1 39.6 38.4 38.2 39.7 39.5 35.9 36.2 36.9 36.2 36.6 37.4 37.8 38.1 37.5 36.9 37.6 38.7 38.1 38.5 39.2 38.3 39.7 39.3 40.2 41.3 39.3 37.7 44.2 54.2 52.2 53.1 63.2 51.3 61.8 72.8 52.9 51.7 52.0 95.8 101.7 103.6 107.7 107.2 113.6 112.9 116.1 113.0 115.1 115.8 120.2 119.3 121.1 122.1 8.5 6.3 8.4 9.7 12.6 11.2 12.4 12.5 8.3 9.1 10.5 9.2 10.8 8.2 10.3 17.5 18.3 18.8 18.8 19.3 20.9 22.5 23.5 22.8 22.9 23.0 23.3 24.2 26.0 27.6 72.0 74.9 76.4 80.5 79.8 82.3 81.2 81.8 81.2 81.7 83.0 84.2 83.9 82.7 82.0 86.6 86.5 86.4 92.3 93.3 87.0 85.1 84.1 85.9 87.7 90.7 86.5 82.1 78.7 92.1 94.9 93.6 96.4 100.7 98.7 102.4 105.8 106.9 103.2 103.9 106.9 107.2 100.5 100.3 110.5 51.6 51.0 52.8 55.9 56.1 58.0 57.1 54.5 54.6 56.6 57.0 52.0 52.5 58.4 43.4 42.7 43.6 44.9 46.3 47.9 49.7 48.7 49.2 50.2 50.3 47.8 52.1 22.9 23.5 24.2 26.8 26.4 27.0 29.5 30.1 31.4 32.5 32.7 31.4 11.4 11.7 12.1 13.4 12.4 13.2 13.5 14.8 15.0 15.7 16.2 15.5 16.4 15.7 11.4 11.7 12.1 13.4 12.4 13.2 13.5 14.8 15.0 15.7 16.2 16.7 15.5 16.4 15.7 29.5 38.3 42.2 40.2 35.4 37.2 228.2 287.5 329.3 358.0 269.2 284.3 371.9 412.5 433.7 445.1 401.4 404.4 42.9 43.1 305.8 315.7 333.4 429.4 433.6 43.0 338.2 347.3 437.0 40.8 39.2 37.7 39.8 38.2 40.6 356.7 355.8 372.3 372.6 388.5 387.2 432.5 441.5 1. Includes parts of line 2 and line 5. Table 4.4.—Exports and Imports of Merchandise by End-Use Category in Constant Dollars [Billions of 1987 dollars] Seasonally adjusted at annual rates Line 1988 ii Exports of merchandise . Foods, feeds, and beverages Industrial supplies and materials Durable goods Nondurable goods Capital goods, except automotive Civilian aircraft, engines, and parts . Computers, peripherals, and parts . Other Automotive vehicles, engines, and parts Consumer goods, except automotive Durable goods Nondurable goods Other Durable goods Nondurable goods , , Imports of merchandise .... Foods, feeds, and beverages Industrial supplies and materials, except petroleum and products , Durable goods Nondurable goods . Petroleum and products . Capital goods, except automotive Civilian aircraft, engines, and parts . Computers, peripherals, and parts . Other Automotive vehicles, engines, and parts , Consumer goods, except automotive . Durable goods Nondurable goods . Other Durable goods Nondurable goods . Addenda: Exports of agricultural products * Exports of nonagricultural products .... Imports of nonpetroleum products 1.Includes parts of line 2 and line 5. 1990 1989 m IV II III IV II ffl 1991 IV 4004 257.7 307.4 3434 369.4 296.0 303.6 308.1 322.0 3303 347.0 343.1 3544 364.9 368.0 365.1 379.4 25.2 27.8 30.2 30.4 28.3 31.2 33.2 31.1 29.0 29.5 32.1 30.4 32.8 30.7 27.8 95.9 95.4 67.4 76.0 85.8 90.1 73.7 74.2 77.2 79.0 82.7 86.9 87.1 86.7 89.6 87.9 88.4 33.2 33.4 21.0 25.6 29.9 31.3 29.3 30.0 30.2 30.2 30.9 30.5 30.7 46.4 50.4 55.9 58.8 53.4 57.0 56.9 56.4 58.8 57.4 57.7 61.3 63.9 62.6 62.0 92.7 118.4 136.8 149.8 128.5 138.1 140.3 140.3 147.2 150.6 149.2 151.8 153.8 167.0 164.8 29.7 16.4 20.7 24.9 28.3 19.3 22.7 19.0 21.8 21.9 26.2 27.8 23.5 28.6 30.4 27.5 26.6 42.0 18.8 25.8 28.4 33.9 24.5 25.1 26.1 27.5 25.7 27.7 29.4 30.8 32.4 32.5 34.8 35.7 68.7 69.2 57.5 71.9 83.6 76.7 81.0 84.2 83.2 86.0 86.3 87.8 86.9 89.6 88.6 93.8 93.0 32.1 32.4 27.6 32.7 33.3 33.5 33.8 33.6 31.8 33.9 32.4 35.8 33.7 34.2 31.1 36.4 40.3 39.3 39.8 20.3 26.0 34.2 39.3 23.3 25.8 26.4 28.4 32.3 34.3 33.0 37.0 37.6 38.4 40.0 9.5 12.9 18.7 21.5 11.3 12.9 12.9 14.3 17.8 19.4 17.3 20.4 21.0 21.0 22.6 19.3 10.8 13.1 15.5 17.8 12.0 12.8 13.5 14.1 14.6 15.0 15.7 16.7 16.6 17.5 17.4 24.5 26.4 23.6 22.6 25.7 24.9 24.2 24.8 28.1 26.8 26.8 27.7 27.3 26.5 25.5 13.4 13.4 13.9 12.2 13.2 11.8 11.3 12.9 12.4 12.1 12.4 13.6 13.3 12.8 13.4 13.4 13.8 12.2 13.2 11.8 12.8 12.9 13.3 13.0 13.6 11.8 11.3 12.9 12.4 12.1 12.4 4224 4313 4444 439.9 447.5 455.4 458.9 455.9 4572 467.9 453.0 435.9 4512 4144 4313 450.4 458.5 24.8 66.1 34.0 32.1 42.9 85.1 6.6 14.8 63.7 85.2 88.8 49.0 39.8 21.8 10.9 10.9 23.8 24.6 25.5 67.0 65.6 66.4 33.6 32.8 32.6 33.5 32.8 33.8 47.5 51.4 51.5 97.3 109.6 114.0 9.2 9.0 7.7 18.6 25.5 30.1 71.0 75.2 74.8 83.0 80.6 79.1 90.1 94.2 93.3 49.5 51.7 50.0 40.6 42.4 43.4 22.6 24.5 28.6 11.3 12.3 14.3 11.3 12.3 24.9 68.8 35.3 33.5 45.4 92.4 6.3 17.7 68.5 83.5 89.9 49.1 40.8 21.7 10.8 10.8 22.9 65.8 32.6 33.2 46.8 96.5 8.3 18.3 69.8 81.9 87.1 47.5 39.7 21.7 10.9 10.9 29.5 32.6 35.0 35.4 33.4 31.7 228.2 274.8 308.8 334.0 262.6 271.9 371.9 383.8 399.0 407.0 381.1 375.9 23.9 23.6 23.6 24.1 25.1 25.4 26.8 26.1 24.4 24.5 23.9 25.6 24.2 65.9 67.7 66.3 65.1 64.9 66.0 66.1 65.3 67.1 67.4 62.4 65.5 67.4 32.3 34.1 33.2 32.5 32.6 32.9 32.6 31.6 33.0 33.3 29.9 30.9 32.3 33.6 33.6 33.1 32.6 32.3 33.1 33.5 33.6 34.1 34.1 32.5 34.6 35.1 47.5 50.2 49.2 51.0 53.7 51.7 55.2 53.0 54.7 43.1 44.8 51.4 51.9 99.3 101.1 102.1 109.5 111.2 115.5 111.6 113.7 113.8 117.0 116.9 121.6 124.7 8.0 9.7 8.5 10.9 9.3 8.1 9.9 8.1 9.6 10.6 10.4 8.5 7.8 19.1 19.3 21.2 24.1 27.0 29.5 29.1 29.7 30.1 31.5 33.9 37.5 41.7 72.1 73.7 73.2 75.7 75.6 76.2 74.4 74.7 75.3 74.6 73.4 73.5 72.5 81.6 85.1 85.8 80.6 79.3 76.8 77.0 78.7 83.4 77.4 72.7 69.3 81.0 90.5 92.9 90.3 93.3 96.5 96.5 92.1 91.9 95.3 93.9 87.9 88.8 98.1 49.9 51.6 50.0 51.5 53.3 52.1 48.9 48.8 51.6 50.5 45.8 46.9 52.4 40.6 41.3 40.2 41.8 43.2 44.4 43.2 43.1 43.7 43.5 42.1 41.9 45.7 22.5 24.3 22.5 23.9 24.7 26.9 27.2 28.5 29.2 29.6 27.2 29.0 28.0 11.3 12.2 11.2 11.9 12.4 13.5 13.6 14.2 14.6 14.8 13.6 14.5 14.0 11.3 12.2 11.2 11.9 12.3 13.5 13.6 14.2 14.6 14.8 13.6 14.5 14.0 33.1 35.0 33.6 36.3 34.5 35.2 33.8 36.3 37.8 35.2 295.8 311.8 309.3 318.5 327.1 332.8 330.9 345.0 344.9 362.2 364.5 390.6 396.5 401.8 407.2 400.8 404.2 413.1 409.9 391.0 399.8 423.3 19 SURVEY OF CURRENT BUSINESS November 1991 Table 5.1.—Gross Saving and Investment [Billions of dollars] Seasonally adjusted at annual rates line 1987 1988 1989 n I m rv n I 1991 1990 1989 1988 1990 ffl IV n I ffl IV n I ffl 1 619.6 7043 744.2 711.8 678.6 702,0 717.0 720.6 722.6 6783 747.7 713.9 695.8 802.8 156.2 112.6 8273 166.9 85.8 8513 206.6 49.9 801.0 162.6 116.0 7973 152.3 115.2 7973 152.9 108.1 8153 157.0 111.2 813.7 142.2 84.7 836.9 171.0 74.2 853.1 197.5 70.4 747.9 876.2 216.7 69.4 6983 7313 142.6 86.5 751.1 816.6 160.8 92.2 727.9 2 3 4 770.0 842.0 193.7 92.3 727.9 Gross private saving Personal saving « Undistributed corporate profits with inventory valuation and capital consumption adjustments. Undistributed profits Inventory valuation adjustment Capital consumption adjustment Corporate consumption of fixed capital Noncorporate consumption of fixed capital Wage accruals less disbursements ... 821.9 196.5 27.2 853.9 215.8 32.8 873.8 213.4 45.0 893.0 229.6 43.4 5 6 7 8 9 10 54.6 -14.5 46.4 307.7 194.4 0 95.2 -27.3 44.7 327.6 206.4 0 78.7 -17.5 24.7 350.5 224.0 0 63.3 -14.2 .8 365.5 229.3 0 86.0 -18.8 48.8 320.0 202.4 0 93.9 -26.1 47.4 325.0 204.9 0 95.8 -32.6 44.8 329.3 207.2 0 105.0 -31.7 37.9 336.3 210.9 0 96.6 -37.6 33.2 341.4 214.6 0 79.2 -15.7 28.7 345.5 218.1 0 66.7 -3.3 21.4 354.9 231.8 0 72.3 -13.5 15.4 360.1 231.6 0 66.7 -6.6 10.2 359.2 226.0 0 61.2 3.8 4.4 362.5 227.7 0 62.5 -32.6 -2.7 367.5 230.8 0 62.8 -21.2 -8.8 372.7 232.7 0 51.9 6.7 -13.6 380.1 235.3 46.1 9.9 -12.6 383.2 236.8 0 876.0 212.8 38.0 51.8 -5.2 -8.6 385.8 239.4 0 Government surplus or deficit (-), national income and product accounts. Federal State and local 11 -111.7 -983 -83.0 -1393 -122.4 -953 -S03 -94.7 -724 -€5.4 -85.7 -108.9 -1303 -128.4 -123.6 -175.6 -126.1 -179.1 -1803 Capital grants received by the United States (net) Gross investment ~ 12 13 14 15 16 17 Statistical discrepancy 18 o -151.8 -136.6 -124.2 -165.3 -157.5 -134.6 -119.5 -134.9 -114.5 -110.5 -128.4 -143.3 -160.8 -156.9 -149.7 -193.6 -146.4 -206.7 -212.6 25.7 35.1 39.1 39.0 40.2 42.4 45.1 42.6 34.4 30.3 28.5 26.1 18.0 20.4 27.6 32.3 38.4 41.1 40.1 0 0 0 0 0 0 0 0 0 0 0 0 0 594.8 676.1 7413 719.9 644.2 673.9 691.1 695.2 743.9 745.9 7303 745.8 727.0 7453 7263 680.4 765.8 730.4 7173 749.3 793.6 837.6 802.6 770.6 788.4 800.7 814.8 844.7 844.3 826.8 834.4 812.0 825.9 821.8 750.9 709.3 708.8 742.0 21.7 -24.5 56.5 -154.5 -117.5 -46.0 -82.8 -126.3 -114.4 -109.6 -119.5 -100.8 -98.4 -96.3 -88.6 -85.0 -80.4 -95.3 -70.4 -24.8 -28.4 -2.7 8.1 -34.4 -25.8 -28.1 -25.4 -26.0 -S2 23 2&2 -2.4 4.4 17.9 2.1 18.0 163 21.7 Table 5.4.—Fixed Investment by Type [Billions of dollars] Seasonally adjusted at annual rates Line 1987 1988 1989 1990 1988 1989 1990 m Fixed investment . 802.7 723.0 777.4 497.8 545.4 570.7 Structures Nonresidential buildings, including farm Utilities Mining exploration, shafts, and wells Other structures 171.3 124.4 26.5 13.1 7.4 182.0 133.5 27.1 15.1 6.3 193.1 143.5 29.2 13.0 7.4 Producers' durable equipment. 326.5 109.4 34.0 75.3 74.8 73.6 68.7 363.4 118.8 35.7 83.2 85.2 80.5 78.9 225.2 219.4 113.8 25.5 80.2 5.8 Nonresidential ... Computers and peripheral equipment1 Other Industrial equipment Transportation and related equipment........ Other Residential. Structures Single family Multifamily Other structures Producers' durable equipment. 1991 IV in 783.6 797.5 801.6 802.0 803.5 799.4 8153 800.2 807.7 787.4 748.4 745.8 7453 587.0 526.8 544.1 5503 560.2 565.1 570.2 574.2 573.4 5863 580.0 596.3 585.2 560.0 554.6 547.4 176.6 130.2 25.8 14.3 6.3 181.4 134.4 26.2 14.5 6.4 183.1 134.0 27.9 15.3 5.9 186.8 135.6 28.4 16.3 6.4 191.1 142.8 29.0 12.6 6.7 190.0 140.9 29.3 12.8 7.1 194.9 145.5 28.9 13.0 7.5 196.5 144.7 29.6 13.6 8.5 202.4 151.5 29.3 12.4 9.2 184.0 134.2 31.4 10.3 8.2 180.0 128.6 31.9 10.0 9.5 1693 118.3 31.8 9.3 9.9 3883 129.2 37.3 91.9 91.6 83.5 84.0 350.2 114.9 35.4 79.5 79.2 79.1 76.9 362.6 118.8 36.5 82.3 83.8 81.3 78.8 3673 121.2 36.3 84.9 86.5 79.8 79.9 373.4 120.4 34.5 85.9 91.3 81.8 79.9 374.0 122.0 35.8 86.2 93.2 76.1 82.7 380.2 124.8 37.3 87.6 93.2 78.4 83.8 3793 124.5 38.0 86.5 92.4 79.3 83.1 376.8 126.0 37.9 88.1 94.1 73.0 83.7 384.0 129.0 37.4 9.1.6 93.6 78.6 82.8 150.9 30.6 11.0 9.1 394.7 128.0 36.1 91.9 90.4 91.6 84.6 191.2 140.7 31.7 10.4 8.4 377.6 124.3 37.2 87.1 93.2 76.7 83.3 199.5 149.9 29.9 11.2 8.5 380.5 127.1 37.0 90.1 90.1 80.1 83.2 201.7 30.4 11.3 394.0 132.8 38.7 94.1 92.2 83.6 85.4 375.9 129.9 36.6 93.3 86.8 82.1 77.1 374.7 129.5 36.7 92.8 81.1 85.5 78.5 378.0 232.0 230.9 215.7 227.0 230.5 233.3 2373 236.5 231.8 229.2 226.0 229.0 2203 211.4 202.2 188.4 191.2 197.9 225.7 115.5 22.3 87.9 224.2 116.2 22.3 85.8 208.8 107.0 19.3 82.6 221.0 113.2 23.1 84.7 224.2 114.8 21.7 87.7 226.9 115.1 21.9 89.9 230.7 119.0 22.5 89.2 229.9 120.3 22.8 225.1 116.6 23.1 85.4 222.6 114.4 22.7 85.5 219.2 113.4 20.6 85.3 222.0 117.8 20.0 84.2 213.4 195.4 95.8 18.5 81.1 181.7 110.9 19.5 82.9 204.5 103.6 19.0 81.9 85.3 17.5 78.9 184.4 86.7 15.5 82.2 191.1 98.8 14.2 78.2 63 6.7 6.9 6.0 63 6.5 6.6 6.7 6.6 6.7 7.0 6.9 6.9 6.8 6;7 6.8 6.8 132.3 37.7 94.6 79.1 89.4 77.2 1. Includes new computers and peripheral equipment only. Table 5.5.—Fixed Investment by Type in Constant Dollars [Billions of 1987 dollars] Seasonally adjusted at annual rates Line 1987 1988 1989 1989 1988 1990 n I in IV n I 1991 1990 ffl IV n I ffl IV n I in 1 2 3 Structures 4 Nonresidential buildings, including farm 5 Utilities Mining exploration, shafts, and wells 6 Other structures 7 8 Producers' durable equipment Information processing and related equipment.... 9 10 Computers and peripheral equipment* 11 Other 12 Industrial equipment 13 Transportation and related equipment 14 Other 723.0 753.4 756.6 7442 737.7 7533 758.6 764.1 761.9 758.5 756.6 749.2 758.9 743.8 746.4 727.8 689.8 686.8 687.1 497.8 530.8 542.4 548.8 517.7 531.4 535.2 538.8 540.0 543.6 544.7 5413 550.7 5443 555.5 544.5 519.1 514.8 510.2 171.3 124.4 26.5 13.1 7.4 174.0 128.5 26.0 13.5 6.0 177.4 133.0 26.5 11.0 6.9 177.9 133.6 26.8 9.5 8.0 171.6 126.7 25.3 13.5 6.2 174.4 129.9 25.3 13.1 6.1 174.1 128.5 26.6 13.4 5.6 175.7 128.9 26.7 14.0 6.1 177.8 134.2 26.8 10.6 6.2 175.0 130.9 26.7 10.7 6.6 178.4 134.3 26.1 11.0 7.0 178.6 132.7 26.4 11.6 7.9 1823 137.5 26.0 10.5 8.4 180.0 135.3 27.0 9.3 8.3 170.4 126.2 27.9 8.7 7.6 1633 120.1 27.4 8.5 7.3 158.9 114.7 27.6 8.2 8.4 148.7 105.0 27.4 7.6 8.8 326.5 109.4 34.0 75.3 74.8 73.6 68.7 356.8 120.3 37.9 82.4 81.6 78.5 76.3 365.0 128.0 43.2 84.8 86.3 72.7 78.0 370.8 137.1 48.8 88.3 80.9 76.9 75.9 346.1 115.4 36.5 78.9 77.0 78.4 75.3 356.9 120.3 38.7 81.6 80.5 79.7 76.4 361.0 123.3 38.9 84.4 82.9 77.5 77.3 363.1 122.3 37.4 84.8 86.0 78.5 76.4 362.2 124.1 39.4 84.7 87.3 72.5 78.4 368.6 128.5 43.0 85.4 86.9 74.4 78.8 3663 128.3 44.3 83.9 85.1 75.4 77.5 362.7 131.3 46.0 85.3 85.8 68.4 77.3 368.4 136.1 47.7 88.4 84.1 72.8 75.4 178.9 135.3 26.4 9.5 7.7 365.4 135.1 48.3 86.8 80.3 74.3 75.6 375.5 135.2 46.9 88.2 79.5 84.5 76.4 374.0 141.8 52.1 89.7 79.8 76.1 76.2 355.8 140.4 51.6 88.7 74.2 73.0 68.3 355.8 141.9 53.9 88.0 70.8 75.7 67.5 3613 147.9 58.5 89.4 68.7 78.6 66.2 Fixed investment Nonresidential 15 225.2 222.7 214.2 195.5 220.0 222.0 223.5 2253 221.9 215.0 211.9 207.9 208.2 199.5 190.9 1833 170.7 172.0 176.9 Structures Single family Multifamily Other structures 16 17 18 19 219.4 113.8 25.5 80.2 216.5 111.0 20.8 84.6 207.7 107.3 20.6 79.8 188.9 96.5 17.4 74.9 214.0 109.7 21.8 82.4 215.8 110.9 20.3 84.5 217.2 110.5 20.4 86.2 218.9 112.9 20.8 85.2 215.5 112.6 21.1 81.8 208.4 107.6 21.4 79.4 205.5 105.2 21.0 79.3 201.4 103.6 19.1 78.7 201.4 106.4 18.2 76.8 192.8 100.0 17.7 75.1 184.3 93.0 17.0 74.3 176.9 86.7 16.6 73.6 1643 77.6 15.8 70.9 165.4 78.6 13.9 72.9 170.4 88.6 12.6 69.2 Producers' durable equipment 20 5.8 6.2 6.5 6.6 6.0 6.2 63 6.4 6.5 63 6.4 6.5 6.8 6.7 6.6 63 6.4 6.6 63 Residential 1. Includes new computers and peripheral equipment only. 20 SURVEY OF CURRENT BUSINESS November 1991 Table 5.10.—Change in Business Inventories by Industry [Billions of dollars] Seasonally adjusted at annual rates line 1987 1988 1989 1990 1989 1991 1990 in Change in business inventories 263 162 -6.4 -11.3 27.5 61.6 -34.1 15.8 13.5 2.3 35.5 60.3 -24.8 Manufacturing Durable goods Nondurable goods 32.7 50.5 -17.8 6.6 4.5 2.2 Wholesale trade Durable goods Nondurable goods 7.0 3.8 3.2 173 43.2 423 233 35.1 -33 25.6 14.1 -36.5 -39.2 -37.1 -11.2 -14.7 7.1 7.0 -5.0 -7.2 2.7 8.5 4.4 -7.6 -4.2 -3.1 -.4 32.0 70.5 -38.4 26.0 21.5 4.5 36.1 88.0 -51.8 17.6 20.4 -2.8 35.3 57.8 -22.5 28.3 33.5 -5.2 42.2 62.0 -19.7 9.6 60.7 -51.1 27.7 19.5 8.1 6.4 9.1 -2.7 .2 -4.6 4.7 6.7 4.6 2.2 -28.9 -.4 -28.5 -16.2 -10.8 -5.4 -35.0 -47.8 12.8 .5 -8.8 9.3 -34.0 -45.1 11.2 -15.8 -15.2 -.5 -2.9 5.0 -7.9 27.6 19.3 8.3 -6.0 3.8 -9.8 2.6 -1.5 4.2 17.1 12.7 4.4 12.4 10.6 1.8 28.2 69.2 -40.9 12.2 13.1 -.9 -4.7 -4.0 -.7 16.8 12.8 4.0 6.6 -4.0 10.5 4.0 14.0 -10.1 -3.1 -.2 -2.9 -4.4 -.7 -3.8 12.7 10.9 1.8 0 -1.8 1.8 4.8 2.4 2.4 3.8 4.2 -.4 6.1 -.3 6.4 2.3 5.0 -2.7 1.6 -.9 2.5 1.0 3.2 -2.1 -14.8 -14.3 -.6 .3 -.6 .9 2.2 2.2 -.1 1.3 -.2 1.5 16.7 12.5 4.2 .1 .3 -.2 7.1 -4.1 11.2 -.6 .1 -.7 3.0 13.2 -10.2 1.0 .9 .1 -5.3 -2.4 -2.9 2.2 2.2 .1 -5.0 -1.0 -4.0 .5 .3 .3 10.8 9.9 .9 1.9 1.0 .9 -3.4 -4.1 .7 3.5 2.3 1.1 7.8 3.6 4.2 -3.0 -1.2 -1.8 3.6 -3.5 3.7 .6 3.1 3.8 -.5 4.4 2.3 .2 2.1 .9 5.2 -4.3 1.3 -.2 1.6 3.8 .6 3.2 -2.2 -1.5 -.7 3.4 2.4 1.0 -2.4 .7 -3.1 -14.2 -12.8 -1.4 -.6 -1.5 .9 -1.0 -1.9 .9 1.3 1.3 0 12.2 5.3 3.8 1.5 7.0 -7.4 -6.4 -6.4 0 -1.] -5.5 -10.9 -13.6 2.7 5.4 7.9 8.4 7.7 .7 -.5 12.1 9.7 6.1 3.6 2.3 10.9 8.3 7.2 1.0 2.6 23.4 18.7 18.5 .2 4.7 -3.6 -12.3 -13.4 1.1 8.7 -1.3 -8.0 -12.3 4.3 6.6 30.5 22.7 22.3 .5 7.8 -28.2 -23.3 -25.6 2.4 -4.9 7.1 6.2 4.4 1.8 .9 1.2 5.0 6.1 -1.1 -3.8 -9.7 -13.4 -10.4 -3.0 3.7 -30.7 -28.4 -23.2 -5.2 -2.3 -3.6 -1.5 -1.2 -.4 -2.1 5.9 .8 -1.3 2.1 5.2 .1 1.8 -1.6 3.6 .5 3.1 -.1 .4 -.5 -.8 -.8 -.1 0 -.3 .3 -1.7 5.7 -7.5 -1.4 -.2 -1.2 1.9 2.9 -1.0 .5 3.7 -3.2 15.8 6.3 9.5 3.7 0 3.7 -.6 -.1 -.5 -4.5 -4.2 -1.2 -5.8 -9.4 3.6 .2 -2.4 2.7 -4.4 -2.5 -1.9 IV I 16.8 2.0 -7.0 23.8 46.8 -23.0 26.0 60.1 -34.0 19.8 17.1 2.7 -2.0 19.2 -21.3 -1.7 -3.1 1.4 3.8 6.1 5.7 .4 3.3 2.7 .6 3.4 2.0 1.4 6.9 3.7 3.2 .1 .2 0 5.4 4.8 .6 .7 .9 -.2 2.5 2.1 .4 .7 .6 .1 Retail trade Durable goods Automotive Other Nondurable goods 16.8 13.5 9.9 3.6 3.4 6.3 3.9 1.9 2.0 2.5 Other Durable goods Nondurable goods 2.2 -.2 2.4 -.7 1.3 -1.9 Merchant wholesalers Durable goods Nondurable goods Nonmerchant wholesalers Durable goods Nondurable goods m 17.1 0 Nonfarm Change in book value Inventory valuation adjustment m IV 36.0 13.8 -33 Table 5.11.—Change in Business Inventories by Industry in Constant Dollars [Billions of 1987 dollars] Seasonally adjusted at annual rates Line Change in business inventories Farm 1987 1988 1989 I n in IV I n 1991 1990 1989 1988 1990 in IV I n 22.1 6.7 13.9 4.0 -3L2 -5.5 -32.8 -1.7 -30.4 .4 .4 2.9 1 2 263 -6.4 19.9 -7.0 32.6 -.7 2 1.7 19.2 -4.5 16.1 -8.1 -5.8 us 20.9 -9.6 41.2 5.5 38.9 5.5 20.2 -5.7 30.0 -8.1 -4.0 1.5 in II III 3 32.7 26.9 33.3 -1.5 23.7 24.1 29.4 30.5 35.8 33.4 25.9 38.1 -5.5 15.5 9.9 -25.7 -31.1 -30.8 -2.5 Manufacturing Durable goods Nondurable goods 4 5 6 6.6 45 2.2 15.1 12.9 2.2 18.5 16.0 2.5 -1.3 -2.9 1.6 12.6 8.5 4.0 11.9 10.5 1.4 11.7 12.3 -.7 24.3 20.4 3.9 16.5 19.1 -2.6 25.6 18.0 7.6 25.7 18.3 7.4 6.2 8.7 -2.5 2.6 -1.3 3.9 .4 -4.3 4.7 5.4 4.0 1.4 -13.7 -10.1 -3.6 .5 -7.8 8.2 -14.2 -13.9 -.3 ^.4 -3.7 -.7 Wholesale trade Durable goods Nondurable goods 7 8 9 7.0 3.8 3.2 6.4 5.5 .9 3.3 2.6 .7 3.1 1.8 1.3 16.7 12.6 4.0 5.3 -3.9 9.2 6.0 13.6 -7.6 -2.3 -.2 -2.1 -2.3 -1 -2.2 12.5 10.5 2.0 .2 -2.0 2.1 3.0 2.0 .9 4.0 4.1 -.1 5.0 -.3 5.4 2.5 4.4 -1.9 .9 -.9 1.8 1.9 3.1 -1.1 -13.7 -13.1 -.7 .8 -.4 1.2 10 11 12 13 14 15 6.9 3.7 3.2 .1 .2 0 5.8 4.7 1.1 .6 .9 -.2 2.6 2.0 .6 .7 .6 .1 2.3 2.1 .2 .8 -.2 1.1 16.6 12.3 4.2 .1 .3 -.2 6.1 -4.1 10.2 ^.8 .2 -1.0 4.8 12.7 -7.9 1.2 .8 .3 -4.3 -2.3 -2.0 2.0 2.1 -.1 -3.1 -.4 -2.7 .8 .3 .5 10.6 9.6 1.0 2.0 .9 1.0 -3.5 -4.2 .7 3.7 2.2 1.4 6.6 3.1 3.4 -3.6 -1.1 -2.5 .5 3.5 -3.0 3.5 .5 2.9 3.2 -.6 3.7 1.9 .2 1.6 1.7 4.7 -3.0 .9 -.3 1.1 3.8 .6 3.2 -2.9 -1.5 -1.4 3.5 2.4 1.1 -1.6 .7 -2.2 -13.2 -11.7 -1.5 -.6 -1.4 .8 -.5 -1.7 1.2 1.3 1.3 0 Retail trade Durable goods Automotive Other Nondurable goods 16 17 ..T 18 19 20 16 8 13.5 9.9 3.6 3.4 6.1 3.7 1.8 1.9 2.4 11.4 5.0 3.6 1.4 6.4 -6.8 -6.0 -6.0 0 -.8 7.7 8.2 7.6 .7 -.5 11.7 9.4 6.0 3.4 2.3 10.3 7.9 7.0 .9 2.4 22.1 17.8 17.6 .2 4.4 -3.6 -11.7 -12.7 1.0 8.1 -1.7 -7.7 -11.7 4.0 6.1 28.6 21.5 21.1 .4 7.2 -26.7 -22.2 -24.3 2.1 -4.5 6.6 5.8 4.2 1.6 .8 1.8 4.8 5.7 -.9 -3.0 -8.9 -12.4 -9.7 -2.7 3.6 -28.3 -26.2 -21.5 -4.7 -2.1 -3.0 -1.4 —1.1 -.3 -1.7 5.1 .6 -1.2 1.8 4.5 Other Durable soods Nondurable goods 21 22 23 2.2 -2 2.4 -.7 1.2 -1.8 -.8 -.7 0 0 _3 .3 -1.8 5.4 -7.2 -.6 .7 -1.3 -1.1 1.6 -1.5 -5.5 -10.9 -13.5 2.6 5.4 -.1 .3 -.4 1.8 2.6 -.9 .3 3.4 -3.1 14.6 5.8 8.8 3.5 0 3.4 .2 _i .3 -4.0 -3.9 -5.2 -8.6 3.4 .2 -2.2 2.3 -4.0 -2.2 -1.7 Nonfarm Merchant wholesalers Durable goods Nondurable goods Nonmerchant wholesalers Durable goods Nondurable goods 3.6 .5 3.1 -.9 21 SURVEY OF CURRENT BUSINESS November 1991 Table 5.12.—Inventories and Final Sales of Domestic Business by Industry [Billions of dollars] Seasonally adjusted quarterly totals I Inventories Farm . . 1 . 963.8 . . , Nonfarm Durable goods Nondurable goods » Manufacturing Durable goods Nondurable goods Wholesale trade . Durable goods ... Nondurable goods . .. . ..... . . . . .. • Merchant wholesalers Durable goods Nondurable goods Nonmerchant wholesalers Durable goods Nondurable goods Retail trade Durable goods Automotive . Other Nondurable goods .... . <. .. .. . Other Final sales of domestic business 2 Final sales of goods and structures of domestic business2 . » m II IV I II 1991 1990 1989 1988 line m IV I m II IV I II m 986.8 1,006.6 1,025.1 1,0483 1,061.9 1,068.7 1,084.6 1,084.6 1,092.9 1,114.8 1,103.4 1,087.8 1,081.0 1,079.4 96.2 98.0 95.6 96.8 93.1 98.4 95.4 95.8 95.6 97.4 98.2 95.0 94.2 95.8 2 90.2 3 4 5 873.6 508.6 365.0 892.6 517.8 374.8 910.8 532.2 378.6 929.6 546.7 383.0 950.9 561.3 389.6 963.7 567.8 395.9 973.8 572.4 401.3 989.0 581.3 407.7 988.8 579.1 409.7 994.5 1,018.0 1,010.3 581.7 588.3 582.3 412.8 429.7 428.1 992.1 570.5 421.7 983.1 563.3 419.8 983.2 561.3 421.9 6 7 8 356.4 230.8 125.6 365.2 236.5 128.8 372.7 242.5 130.2 383.2 250.6 132.6 393.1 258.1 135.0 400.6 263.0 137.6 407.4 267.8 139.7 409.7 268.9 140.8 409.9 269.0 140.9 410.6 269.2 141.4 423.1 271.6 151.6 416.6 268.8 147.8 410.3 265.3 145.1 404.8 260.7 144.1 404.0 259.5 144.5 9 10 11 202.8 131.4 71.4 208.6 132.0 76.6 213.2 136.9 76.3 215.3 138.6 76.7 216.9 139.8 77.2 220.7 143.4 77.4 222.1 143.8 78.3 224.8 144.8 80.0 226.6 146.4 80.2 228.5 147.1 81.4 233.7 149.5 84.2 234.3 149.9 84.4 233.3 150.7 82.6 229.1 147.4 81.8 229.6 147.2 82.4 12 13 14 15 16 17 179.6 116.9 62.8 23.2 14.5 8.6 185.2 117.2 68.0 23.4 14.8 8.6 189.3 121.8 67.5 23.9 15.1 8.8 190.7 122.8 67.8 24.6 15.8 8.9 191.6 123.7 67.9 25.3 16.0 9.3 194.8 127.0 67.8 25.9 16.4 9.5 195.2 126.8 68.4 26.9 17.0 9.9 198.7 128.1 70.6 26.1 16.7 9.4 199.5 129.5 70.0 27.0 16.9 10.2 201.0 130.1 70.9 27.5 17.0 10.5 204.5 132.4 72.1 29.2 17.1 12.1 206.2 133.2 73.0 28.1 16.7 11.4 206.5 133.9 72.6 26.8 16.8 10.0 202.5 130.9 71.6 26.6 16.4 10.2 202.4 130.4 72.0 27.2 16.8 10.4 18 19 20 ! 21 i 22 : 216.3 106.0 53.8 52.2 110.3 220.4 108.7 55.9 52.8 111.6 225.4 111.8 57.7 54.1 113.6 229.9 114.5 59.7 54.8 115.4 238.5 120.1 64.5 55.5 118.4 239.3 117.7 61.4 56.3 121.5 240.1 116.4 58.7 57.7 123.7 250.2 122.5 64.6 57.9 127.7 244.5 116.9 58.1 58.8 127.6 246.9 118.6 59.3 59.3 128.3 249.8 120.5 61.3 59.2 129.3 248.8 117.8 59.1 58.7 131.0 241.5 111.0 53.5 57.6 130.5 242.1 111.8 53.6 58.1 130.4 243.6 112.1 53.4 58.7 131.5 23 98.2 98.4 99.5 101.2 102.3 103.0 104.1 104.4 107.9 108.6 111.3 110.7 106.9 107.0 106.0 24 25 336.8 195.4 345.4 200.6 351.7 203.6 358.4 208.2 363.3 210.7 369.3 214.0 374.4 216.9 377.0 2163 385.4 222.7 389.2 2222 394.0 2243 394.4 224.0 395.9 223.0 421.6 2242 422.7 2233 26 27 28 2.86 2.59 4.47 2.86 2.58 4.45 2.86 2.59 4.47 2.86 2.59 4.46 2.89 2.62 4.51 2.88 2.61 4.50 2.85 2.60 4.49 2.88 2.62 4.57 2.81 2.57 4.44 2.81 2.56 4.48 2.83 2.58 4.54 2.80 2.56 4.51 2.75 2.51 4.45 2.56 2.33 4.38 2.55 2.33 4.40 Ratio of inventories to final sales of domestic business Inventories to final sales Nonfarm inventories to final sales Nonfarm inventories to final sales of goods and structures 1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories calculated from current-dollar inventories in this table is not the current-dollar change in business inventories (CBI) component of GDP. The former is the difference between two inventory stocks, each valued at their respective end-ofquarter prices. The latter is the change in the physical volume of inventories valued at average prices of the quarter. In addition, changes calculated from this table are at quarterly rates, whereas CBI is stated at annual rates. 2. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross product of households and institutions and general government and includes a small amount of final sales by farm, Table 5.13.—Inventories and Final Sales of Domestic Business by Industry in Constant Dollars [Billions of 1987 dollars] Seasonally adjusted quarterly totals 1990 Inventories 1 Farm Durable goods Nondurable goods . Manufacturing Durable goods . Nondurable goo Wholesale trade ... Durable goods . Nondurable goods . Merchant wholesalers ... Durable goods Nondurable goods Nonmerchant wholesalers Durable goods Nondurable goods Retail trade Durable goods . Automotive .. Other . Nondurable goods . Other Final sales of domestic business 2 Final sales of goods and structures of domestic business2 1991 III IV 9923 9843 9763 968.7 82.7 82.2 82.3 83.1 908.3 538.4 901.9 531.5 370.3 894.1 521.7 372.4 886.4 514.1 372.3 885.8 512.6 373.1 375.9 248.5 127.5 372.5 245.9 126.6 372.6 244.0 128.6 369.1 240.5 128.5 368.0 239.6 128.4 in 968.8 962.0 971.7 976.8 9843 9833 988.8 87.6 85.6 84.1 81.7 83.1 84.5 83.0 81.0 81.4 83.0 849.0 492.4 356.6 855.0 495.9 359.2 862.4 504.7 357.7 870.0 513.0 357.0 879.0 522.4 356.6 887.3 526.5 360.8 893.8 529.3 364.5 903.3 538.2 365.1 901.9 534.8 367.1 343.4 222.1 121.3 346.3 224.7 121.7 349.3 227.8 121.5 355.3 232.9 122.5 359.5 237.6 121.8 365.9 242.1 123.7 372.3 246.7 125.6 373.8 248.9 125.0 374.5 248.6 125.9 196.9 127.2 69.7 198.2 126.2 72.0 199.7 129.6 70.1 199.1 129.6 69.5 198.6 129.6 69.0 201.7 132.2 69.5 201.7 131.7 70.0 2025 132.2 70.3 203.5 133.2 70.2 71.6 205.4 134.3 71.1 205.6 134.0 71.6 206.1 134.8 71.3 202.6 131.5 71.1 202.8 131.4 71.4 174.5 113.2 61.3 22.4 14.0 8.4 176.0 112.2 63.9 22.2 14.1 8.1 177.2 115.4 61.9 22.5 14.3 8.2 176.2 114.8 61.4 23.0 14.8 8.2 175.4 114.7 60.7 23.2 14.9 8.3 178.0 117.1 61.0 23.7 15.1 8.6 177.2 116.0 61.1 24.6 15.7 8.9 178.8 116.8 62.0 23.7 15.4 8.3 178.9 11.7.7 61.2 24.5 15.5 9.0 179.7 117.6 62.2 25.0 15.6 9.4 180.1 118.7 61.4 25.2 15.5 9.7 181.1 118.9 62.2 24.5 15.1 9.4 182.0 119.5 62.5 24.1 15.3 8.8 178.7 116.6 62.1 24.0 15.0 9.0 178.5 116.1 62.4 24.3 15.3 9.0 212.2 104.3 53.2 51.1 107.9 214.1 106.4 55.1 51.2 107.8 217.1 108.7 56.6 52.1 108.3 219.7 110.7 58.4 52.3 108.9 225.2 115.2 62.8 52.4 110.0 224.3 112.2 59.6 52.6 112.1 223.9 110.3 56.7 53.6 113.6 231.0 115.7 61.9 53.7 115.4 224.3 110.1 55.9 54.3 114.2 226.0 111.6 56.9 54.7 226.4 112.7 58.3 54.4 224.2 109.6 55.9 53.7 114.6 217.2 103.1 50.5 52.6 114.1 216.4 102.8 50.3 52.5 217.7 102.9 50.0 53.0 114.8 946.5 370.7 374.6 247.5 96.5 96.3 96.3 95.5 95.9 96.0 99.6 100.5 100.5 99.5 98.2 98.3 97.3 333.8 192.5 338.4 195.7 339.9 195.9 343.2 344.1 199.2 346.2 200.2 348.1 201.4 347.5 199.7 351.7 203.7 351.2 201.4 351.4 201.1 3493 200.4 347.1 197.4 349.2 197.4 348.0 196.1 2.81 2.54 4.41 2.78 2.53 4.37 2.78 2.54 4.40 2.77 2.54 4.37 2.80 2.55 4.41 2.81 2.56 4.43 2.81 2.57 4.44 2.83 2.60 4.52 2.80 2.56 4.43 2.82 2.58 4.50 2.82 2.58 4.52 2.82 2.58 4.50 2.81 2.58 4.53 2.77 2.54 4.49 2.78 2.54 4.52 Ratio of inventories to final sales of domestic business Inventories to final sales Nonfarm inventories to final sales Nonfarm inventories to final sales of goods and structures 1. Inventories are as of the end of the quarter. Quarter-to-quarter changes calculated from this table are at quarterly rates, whereas the constant-dollar change.in business inventories component of GDP is stated at annual rates. 2. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross product of households and institutions and general government and includes a small amount of final sales by farm. SURVEY OF CURRENT BUSINESS 22 November 1991 Table 6.1C—National Income Without Capital Consumption Adjustment by Industry [Billions of dollars] Seasonally adjusted at annual rates Line 1987 1988 1989 1990 1988 n I National income without capital consumption adjustment. 2 Private industries 3 Durable goods Nondurable goods I n in IV I n ill IV n I m 1 Domestic industries Mining IV 1991 1990 1989 III 4 5 6 7 8 9 Transportation and public utilities Transportation Communications Electric, gas, and sanitary services 10 11 12 13 Wholesale trade 14 15 16 17 18 Rest of the world 19 Table 6.16C.—Corporate Profits by Industry [BiUions of dollars] Seasonally adjusted at annual rates Line 1987 1988 Corporate profits with inventory valuation and capital consumption adjustments. 2803 Financial Nonfinancial . Rest of the world . Receipts from the rest of the world Less: Payments to the rest of the world 36.1 41.5 36.9 34.5 32.5 244.2 274.4 261.0 224.3 273.3 Corporate profits with inventory valuation adjustment . II IV III 319.8 365.0 351.7 319.0 352.1 364.2 365.3 3783 366.2 361.0 345.0 334.7 340.2 339.8 299.8 296.1 302.1 Domestic industries .... Domestic industries Financial Federal Reserve banks Other Nonfinancial Manufacturing Durable goods Primary metal industries Fabricated metal products Industrial machinery and equipment Electronic and other electric equipment . Motor vehicles and equipment Other Nondurable goods Food and kindred products Chemicals and allied products Petroleum and coal products Other Transportation and public utilities Wholesale and retail trade Other Rest of the world 1991 1990 ffl 39.5 51.1 11.6 273.4 258.8 305.8 317.7 3163 323.7 312.6 311.7 2933 273.7 282.1 49.1 64.1 15.0 53.9 64.6 10.7 60.2 64.9 4.7 463 61.1 14.8 42.0 46.5 63.4 17.0 46.3 45.2 270.0 278.5 45.0 41.8 54.6 67.8 13.2 53.6 64.8 11.2 493 64.7 15.4 48.9 64.0 15.1 303.9 227.5 241.7 243.1 33.1 35.3 36.7 36.8 33.7 261.9 244.5 244.7 249.7 209.4 193.3 194.4 206.4 202.8 51.7 62.8 60.9 66.1 5.2 58.1 64.5 6.4 53.2 63.2 10.0 56.6 72.8 67.2 -5.6 74.6 70.7 -3.9 61.7 59.5 643 62.9 -1.4 3203 327.0 318.2 3033 316.8 320.4 340.5 332.9 332.2 323.6 319.2 330.0 335.4 302.4 304.9 315.7 316.1 312.5 233.9 271.2 273.1 258.0 257.0 2703 285.9 2793 283.0 271.9 2583 271.9 282.1 245.8 232.1 241.2 254.4 248.1 36.4 41.8 39.2 39.6 32.5 46.1 46.4 43.9 34.0 32.4 41.4 41.5 39.3 36.4 40.1 42.1 42.9 15.7 17.6 20.2 21.3 16.9 18.9 19.6 20.6 19.9 20.5 20.4 21.0 22.3 21.7 21.0 20.4 20.8 20.7 24.2 19.0 18.3 15.6 28.8 27.2 26.8 23.3 14.1 11.9 21.0 20.5 17.0 19.1 21.7 22.1 197.5 229.4 233.9 218.3 224.5 228.3 224.9 239.7 232.9 239.1 237.9 225.9 230.5 201.0 212.3 205.2 87.0 117.5 113.6 95.7 110.4 114.2 115.9 129.3 122.2 117.0 114.1 101.0 75.0 82.9 42.2 52.2 50.2 37.2 42.7 55.5 54.2 56.4 54.5 52.0 49.0 45.4 24.6 20.4 26.5 6.4 5.9 2.6 4.6 4.6 6.4 6.5 1.7 2.9 7.2 4.3 4.8 5.7 5.9 5.3 7.2 6.2 5.1 6.4 5.2 7.5 5.6 6.9 6.4 4.9 3.0 3.7 6.3 7.5 7.1 6.6 5.0 7.5 8.0 7.3 10.5 10.3 10.2 10.3 12.2 11.4 9.3 8.0 9.4 9.5 8.9 12.6 11.4 10.2 9.1 10.6 9.4 7.6 6.2 5.7 7.7 3.7 7.9 8.7 9.7 7.0 7.2 8.8 7.3 10.3 8.3 7.8 5.7 3.7 -12.3 -14.9 -11.4 4.2 1.3 1.7 -7.1 9.6 3.4 -3.6 7.0 14.0 12.7 14.9 17.3 16.1 16.2 16.0 15.3 19.0 14.0 16.2 15.9 15.0 183 15.7 18.0 17.0 61.7 44.8 65.3 63.4 58.5 67.7 58.7 72.9 67.7 65.1 65.1 55.6 56.3 64.4 59.2 54.2 54.5 56.4 9.6 12.3 14.5 11.2 11.1 10.4 11.4 11.8 11.8 12.6 13.4 8.0 13.7 14.7 13.9 15.0 15.8 16.3 24.0 20.0 20.9 20.4 18.1 15.1 19.3 19.9 20.3 20.2 22.6 20.3 17.0 16.6 18.7 12.3 14.2 -3.6 10.4 9.1 7.2 8.9 2.9 8.7 7.3 6.5 4.6 8.1 21.9 23.8 24.5 19.2 25.1 24.0 23.5 22.4 25.1 25.6 24.6 22.5 14.2 19.1 50.1 47.6 44.1 48.6 45.9 41.3 49.2 49.7 41.5 37.5 45.7 49.2 43.4 47.5 45.0 44.5 44.5 32.1 39.3 39.0 41.1 46.0 45.1 41.6 45.1 34.4 38.2 45.3 46.9 39.9 37.1 42.8 39.8 40.4 27.2 27.3 32.6 38.4 29.2 29.6 26.8 23.5 27.5 32.4 31.9 38.5 37.7 38.7 35.9 35.1 33.3 39.5 49.1 53.9 60.2 463 46.5 48.9 54.6 53.6 493 51.7 60.9 74.6 61.7 23 SURVEY OF CURRENT BUSINESS November 1991 Table 7.1.—Quantity and Price Indexes for Gross Domestic Product [Index numbers, 1987=100] Seasonally adjusted Line 1987 1988 1989 1988 1990 I Gross domestic product: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights . . . . Alternative indexes: Chain-type annual weights ... Benchmark-years weights Implicit price deflator .... I II m 1991 1990 IV I II III IV I II in 1 100.0 107.9 115.5 121.5 104.7 107.0 109.0 111.1 113.2 114.9 116.2 117.6 119.4 121.3 122.7 122.4 123.1 124.5 125.7 2 100.0 103.9 106.5 107.6 102.5 103.6 104.3 105.3 105.9 106.4 106.7 107.0 107.5 107.9 108.0 106.9 106.3 106.6 107.1 .... 6 7 8 100.0 103.9 108.4 112.9 102.1 103.2 104.5 105.5 106.9 108.0 108.9 109.9 111.1 112.3 113.6 114.5 115.9 116.8 117.4 9 100.0 108.0 115.3 122.6 104.8 106.8 109.0 111.3 112.6 114.4 116.4 117.7 120.2 121.4 124.0 124.9 125.4 126.7 128.3 10 100.0 103.6 105.6 106.9 102.5 103.1 103.9 104.9 104.9 105.1 106.2 106.2 106.8 106.8 107.5 106.5 106.2 106.6 107.2 11 12 13 14 15 16 100.0 104.2 109.1 114.7 102.3 103.6 104.9 106.1 107.4 108.8 109.6 110.8 112.5 113.7 115.4 117.2 118.1 118.9 119.7 17 100.0 108.3 113.9 115.4 106.2 107.3 107.4 112.2 111.3 113.2 117.5 113.4 118.9 115.1 115.7 111.9 109.2 109.0 112.1 18 100.0 106.2 109.2 108.7 105.3 105.7 105.0 108.8 107.4 109.0 112.5 107.9 112.1 108.7 109.1 . 105.0 101.8 101.3 103.6 19 20 21 , Nondurable goods: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Implicit price deflator . . . . . . 22 23 24 100.0 102.0 104.3 106.1 100.9 101.5 102.3 103.1 103.6 103.9 104.4 105.2 106.0 105.9 106.1 106.6 107.3 107.6 108.3 25 100.0 106.2 113.4 120.4 103.0 105.0 107.4 109.4 110.8 113.0 114.3 115.7 118.2 118.8 121.5 123.3 123.3 123.9 124.5 26 100.0 102.4 103.8 103.9 101.2 102.0 102.8 103.5 103.6 103.2 104.0 104.4 104.3 103.9 104.2 103.3 103.2 103.5 103.7 27 28 29 Services: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Implicit price deflator IV 5 Durable goods: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights . Implicit price deflator Fixed investment: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Implicit price deflator III 3 4 Personal consumption expenditures: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights ... Benchmark-vears weights Implicit price deflator Gross private domestic investment: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-vears weights Implicit price deflator II 1989 30 31 32 100.0 103.7 109.3 115.9 101.8 103.0 104.5 105.6 107.0 109.5 109.9 110.8 113.3 114.3 116.6 119.3 119.4 119.8 120.1 33 100.0 109.0 116.7 125.7 105.6 107.8 110.4 112.3 114.0 115.5 117.4 120.0 121.7 124.6 127.6 129.1 130.7 132.9 134.6 34 100.0 103.7 105.8 108.3 102.6 103.2 104.3 104.9 105.1 105.4 106.0 106.9 107.0 108.1 109.2 108.9 109.1 109.8 110.2 35 36 37 38 39 40 100.0 105.1 110.3 116.1 102.9 104.5 105.8 107.1 108.5 109.6 110.7 112.2 113.7 115.3 116.9 118.5 119.8 121.1 122.2 41 100.0 105.9 111.8 107.1 102.8 105.2 106.9 108.7 112.7 112.7 110.3 111.4 108.4 110.2 109.7 100.2 94.7 94.6 99.0 42 100.0 103.2 105.3 87.7 87.6 91.8 99.4 101.0 102.7 104.4 104.8 107.2 106.4 103.7 104.0 100.8 102.2 101.5 93.0 43 44 .. . .. 45 46 47 48 49 100.0 107.5 110.9 111.0 104.3 107.1 108.4 110.3 110.9 110.9 111.1 110.6 112.8 110.7 111.7 108.9 103.5 103.2 103.1 50 100.0 104.2 104.6 102.9 102.0 104.2 104.9 105.7 105.4 104.9 104.6 103.6 105.0 102.9 103.2 100.7 95.4 95.0 95.0 51 52 53 54 55 56 100.0 103.2 106.0 107.9 102.2 102.8 103.3 164.4 105.2 105.7 106.2 106.7 107.4 107.6 108.2 108.2 108.5 108.6 108.5 24 SURVEY OF CURRENT BUSINESS November 1991 Table 7.1.—Quantity and Price Indexes for Gross Domestic Product—Continued [Index numbers, 1987=100} Seasonally adjusted Line 1987 1988 1989 1990 I Nonresidential: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-Years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Implicit price deflator Structures: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Implicit price deflator . I II m IV I II 1991 HI IV I II UI 57 100.0 109.6 114.7 117.9 105.8 109.3 110.6 112.5 113.5 114.6 115.4 115.2 117.8 116.5 119.8 117.6 112.5 111.4 110.0 58 100.0 106.6 109.0 110.2 104.0 106.7 107.5 108.2 108.5 109.2 109.4 108.7 110.6 109.4 111.6 109.4 104.3 103.4 102.5 59 60 62 63 64 100.0 102.8 105.2 107.0 101.8 102.4 102.8 104.0 104.6 104.9 105.4 105.9 106.5 106.5 107.4 107.5 107.9 107.7 107.3 65 100.0 106.2 112.7 .11.6.0 103.1 105.9 106.9 109.0 111.5 110.9 113.8 114.7 118.1 116.4 117.7 111.6 107.4 105.0 98.8 66 100.0 101.6 103.6 103.8 100.2 101.8 101.6 102.6 103.8 102.1 104.1 104.2 106.4 104.4 105.0 86.8 99.5 95.3 92.8 69 . . . . . . . 70 71 72 100.0 104.6 108.8 111.7 102.9 104.0 105.1 106.3 107.5 108.6 109.3 110.1 111.0 111.5 112.0 112.2 112.7 113.2 113.8 73 100.0 111.3 115.7 118.9 107.3 111.1 112.5 114.4 114.6 116.5 116.2 115.4 117.6 116.5 120.9 120.7 115.2 114.8 115.8 74 100.0 109.3 111.8 113.6 106.0 109.3 110.6 111.2 110.9 112.9 112.2 111.1 112.9 111.9 115.0 114.6 109.0 109.0 110.7 75 76 77 .. . .... 78 79 80 100.0 101.9 103.5 104.7 101.2 101.6 101.7 102.8 103.3 103.2 103.6 103.9 104.2 104.1 105.1 105.3 105.7 105.3 104.6 81 100.0 103.0 102.5 82 100.0 98.9 95.1 95.8 100.8 102.3 103.6 105.3 105.0 102.9 101.8 100.3 101.7 86.8 97.7 98.6 99.2 100.0 98.5 95.4 94.1 92.3 92.4 97.8 93.9 89.8 83.7 84.9 87.9 88.6 84.7 81.4 75.8 76.4 78.6 83 84 85 86 87 88 100.0 104.2 107.8 1J0.4 103.2 103.8 104.4 105.3 106.6 107.8 108.2 108.7 110.0 110.4 110.7 110.3 110.4 111.2 111.9 89 100.0 122.0 138.7 151.2 115.0 120.6 124.3 128.3 133;6 139.1 139.1 143.2 146.9 150.0 150.8 157.3 155.5 162.1 163.7 90 100.0 115.8 128.9 138.9 111.8 114.6 116.5 120.4 123.9 129.0 129.2 133.4 136.3 137.9 137.8 143.5 140.8 147.1 149.5 91 92 93 .. Imports of goods and services: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Implicit price deflator IV 67 68 Residential: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Implicit price deflator Government purchases: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Implicit price deflator HI 61 Producers' durable equipment: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights .... Alternative indexes: Chain-type annual weights . Benchmark-years weights Implicit price deflator Exports of goods and services: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Implicit price deflator II 1990 1989 1988 . . 94 95 96 100.0 105.3 107.6 108.9 102.8 105.2 106.7 106.6 107.7 107.8 107.6 107.3 107.7 108.7 109.4 109.6 110.4 110.1 109.5 97 100.0 108.9 115.9 123.2 106.6 107.4 108.6 113.0 113.4 116.2 116.0 118.1 120.8 119.6 124.5 128.0 118.9 119.7 125.1 98 100.0 103.7 107.5 109.8 102.7 101.6 103.7 106.7 105.0 106.8 108.5 109.6 108.9 109.4 111.9 109.2 104.7 108.1 113.7 99 . . . . . 100 . 101 102 103 104 100.0 105.1 107.9 112.2 103.9 105.7 104.7 106.0 108.0 108.8 106.9 107.7 110.9 109.3 111.2 117.2 113.5 110.8 110.1 105 100.0 104.2 110.2 118.3 102.6 103.7 104.2 106.4 107.5 109.6 111.3 112.4 115.8 117.2 118.7 121.5 123.5 123.9 123.5 106 100.0 100.6 102.1 105.4 100.2 100.5 100.2 101.5 100.6 101.9 102.9 103.1 104.7 105.3 105.2 106.4 107.1 107.1 106.1 107 108 109 . . ... 110 111 112 100.0 103.6 107.9 112.2 102.4 103.2 103.9 104.8 106.8 107.6 108.1 109.0 110.6 111.3 112.8 114.2 115.3 115.7 116.4 25 SURVEY OF CURRENT BUSINESS November 1991 Table 7.1.—Quantity and Price Indexes for Gross Domestic Product—Continued [Index numbers, 1987=100] Seasonally adjusted Line 1987 1988 1989 1990 I Federal: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Implicit price deflator National defense: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes; Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Implicit price deflator Nondefense: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-tvpe annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Implicit price deflator State and local: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Implicit price deflator 113 100.0 100.5 104.3 110.4 100.4 100.3 114 100.0 98.0 97.4 99.0 98.7 98.0 m IV I II III IV I II 1991 III IV I II III 99.6 101.8 102.0 104.4 105.9 104.9 108.4 110.0 110.3 112.9 117.3 117.4 115.5 97.1 98.3 95.9 97.7 99.0 97.1 98.5 99.6 98.3 99.4 101.8 102.0 99.8 115 116 117 . 118 119 120 100.0 102.6 107.0 111.6 101.8 102.3 102.6 103.6 106.4 106.8 107.0 108.0 110.0 110.4 1.12.2 113.6 115.3 115.1 115.8 121 100.0 101.2 102.7 107.3 101.6 100.9 100.7 101.6 100.6 102.2 104.7 103.3 105.9 107.1 106.5 109.8 113.8 112.4 110.3 122 100.0 98.3 96.1 96.3 99.6 98.3 97.4 97.8 94.5 95.8 98.2 95.8 96.4 97.2 95.2 96.6 99.1 98.3 95.9 123 124 125 126 127 128 100.0 103.0 106.9 111.4 102.0 102.7 103.3 103.9 106.5 106.6 106.7 107.8 109.9 110.2 111.9 113.7 114.8 114.4 115.0 129 100.0 98.5 109.3 120.1 96.8 98.2 96.3 102.5 106.2 111.3 109.6 109.9 116.2 119.2 122.3 122.7 128.3 133.2 132.1 130 100.0 97.1 101.6 10712 95.7 97.0 96.0 99.8 100.1 103.7 101.4 101.2 105.3 107.2 108.1 108.4 110.2 113.8 112.2 131 132 133 134 135 136 100.0 101.4 107.5 112.0 101.2 101.2 100.4 102.6 106.1 107.4 108.1 108.6 110.4 111.2 113.1 113.2 116.5 117.1 117.7 137 100.0 107.1 114.8 124.4 104.3 106.3 107.7 109.9 111.8 113.7 115.4 118.2 121.6 122.8 125.1 128.2 128.3 129.0 129.6 138 100.0 102.6 105.8 110.4 101.5 102.4 102.7 103.9 104.3 105.1 106.0 107.7 109.5 109.7 110.6 111.8 111.3 111.1 ni.o 139 140 141 142 143 144 100.0 104.3 108.5 112.7 102.8 103.8 104.9 105.7 107.2 108.2 108.9 109.7 111.1 111.9 113.2 114.7 115.3 116.1 116.8 NOTE.—The quantity and price indexes in this table are calculated from weighted averages of the detailed output and prices used to prepare each aggregate and component. The fixed weighted measures use as weights the composition of output in 1987. The chain-type indexes with annual weights use weights for the preceding II 1990 1989 1988 and current years. The indexes with benchmark- years weights use weights of 1959, 1963, 1967, 1972, 1977, 1982, and 1987 and the most recent year. Percent changes from preceding period for selected items in this table are shown in table 8.1. 26 SURVEY OF CURRENT BUSINESS November 1991 Table 7.2.—Quantity and Price Indexes for Domestic Product, Final Sales, and Purchases [Index numbers, 1987=100] Seasonally adjusted Line 1987 1988 1989 1990 1988 I Gross domestic product: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Implicit price deflator II 1989 HI IV I U 1990 m IV I II 1991 ra rv I II m 1 100.0 107.9 115.5 121.5 104.7 107.0 109.0 111.1 113.2 114.9 116.2 117.6 119.4 121.3 122.7 122.4 123.1 124.5 125.7 2 100.0 103.9 106.5 107.6 102.5 103.6 104.3 105.3 105.9 106.4 106.7 107.0 107.5 107.9 108.0 106.9 106.3 106.6 107.1 3 4 „ . 5 Final sales of domestic producth Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Implicit price deflator 6 7 8 100.0 103.9 108.4 112.9 102.1 103.2 104.5 105.5 106.9 108.0 108.9 109.9 111.1 112.3 113.6 114.5 115.9 116.8 117.4 9 100.0 108.2 115.4 122.2 104.9 107.3 109.2 1.11.4 112.9 114.7 116.4 117.5 120.2 121.4 123.1 123.9 124.7 126.1 126.5 10 100.0 104.1 106.4 108.2 102.7 103.9 104.4 105.4 105.6 106.2 106.9 107.0 108.2 108.1 108.3 108.3 107.6 107.9 107.7 11 12 13 14 15 16 ; Gross domestic purchases2: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Implicit price deflator 100.0 103.9 108.4 112.9 102.1 103.3 104.7 105.6 106.9 108.0 108.9 109.8 111.1 112.3 113.6 114.5 115.9 116.8 117.5 17 100.0 106.9 113.7 119.3 104.1 106.0 107.7 110.0 111.7 113.2 114.4 115.7 117.5 118.8 120.7 120.3 120.1 121.1 122.7 18 100.0 103.0 104.9 105.4 101.8 102.6 103.3 104.3 104.4 104.7 105.2 105.3 105.4 105.8 106.1 104.3 103.4 103.6 104.5 19 20 4 21 22 23 24 Final sales to domestic purchasers3: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Implicit price deflator 100.0 103.9 108.4 113.2 102.2 103.3 104.3 105.5 106.9 108.1 108.8 109.9 111.4 112.4 113.8 115.3 116.2 116.8 117.4 25 100.0 107.2 113.6 120.0 104.3 106.3 108.0 110.2 111.4 112.9 114.6 115.6 118.2 119.0 121.1 121.8 121.7 122.5 123.5 26 100.0 103.1 104.8 106.0 102.0 102.8 103.4 104.4 104.1 104.5 105.3 105.2 106.1 105.9 106.4 105.6 104.7 104.9 105.1 27 28 29 30 31 32 100.0 103.9 108.4 113.2 102.3 103.4 104.5 105.6 106.9 108.1 108.8 109.9 111.4 112.3 113.8 115.3 116.2 116.9 "ll7"5 1. Equals GDP less change in business inventories. 2. Equals GDP less net exports of goods and services or the sum of personal consumptions expenditures, gross private domestic investment, and government purchases. 3. Equals gross domestic purchases less change in business inventories or the sum of personal consumption expenditures, gross private domestic fixed investment, and government purchases. NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. Table 7.3.—Quantity and Price Indexes for Gross National Product and Command-Basis Gross National Product [Index numbers, 1987=100] Seasonally adjusted Line 1987 1988 1989 I Gross national product: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: . :... II ni IV I n 1991 1990 1989 1988 1990 m IV I II m IV I II m 1 100.0 108.0 115.5 121.6 104.8 107.0 109.0 111.2 113.2 114.8 116.2 117.7 119.5 121.1 122.7 122.9 123.5 124.6 125.9 2 100.0 104.0 106.5 107.7 102.7 103.6 104.3 105.4 105.9 106.3 106.7 107.1 107.6 107.8 108.0 107.3 106.6 106.7 107.2 3 4 Benchmark-years weights 5 6 7 8 ll' Price indexes: Fixed 1987 we.iphK Alternative indexes: C; 103.9 108.4 112.9 102.1 103.2 104.5 105.5 106.9 108.0 108.9 109.9 111.1 112.3 113.6 114.5 115.9 116.8 117.4 Less: Exports of goods and services and receipts of factor income: Quantity index, fixed 1987 weights Plus: Command-basis exports of goods and services and receipts of factor income: 9 10 11 12 Equals: Command-basis gross national product: Quantity index, fixed 1987 weights 13 14 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. November 1991 27 SURVEY OF CURRENT BUSINESS Table 7.4.—Price Indexes for Personal Consumption Expenditures by Major Type of Product, Fixed 1987 Weights [Index numbers, 1987=100] Seasonally adjusted Line 1987 1988 1989 1988 1990 I Personal consumption expenditures m II IV I 1991 1990 m II IV I II III IV I III IV I II HI 1 2 Durable goods 3 4 5 Motor vehicles and parts Other 6 Nondurable goods Clothing and shoes Fuel oil and coal Other 1989 . Services Housing Electricity and eas Other household operation Medical care Other Addenda: Price indexes for personal consumption expenditures: 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. Table 7.6.—Price Indexes for Fixed Investment by Type, Fixed 1987 Weights [Index numbers, 1987=100] Seasonally adjusted Line 1987 1988 1989 1990 1988 I Fixed Investment Nonresidentia! 1 2 Structures Nonresidential buildings, including farm Utilities Mining exploration, shafts, and wells Other structures 3 4 5 6 7 Producers' durable equipment Information processing and related equipment Computers arid peripheral equipment * Other1 Industrial equipment Transportation and related equipment Other .. 8 9 10 11 12 13 14 Residential 15 Structures Single family Multifamily Other structures 16 17 18 19 Producers' durable equipment 20 Addenda: Price indexes for fixed investment: Chain-type annual weights Benchmark-years weights 21 22 1. Includes new computers and peripheral equipment only. Prior to 1982, all computerss aand peripheral equipmem are included in other information processing and related equipment (line 11). NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. II 1989 III IV I II 1990 ni IV I II 1991 II ni 28 SURVEY OF CURRENT BUSINESS November 1991 Table 7.9.—Price Indexes for Exports and Imports of Goods and Services and for Receipts and Payments of Factor Income, Fixed 1987 Weights [Index numbers, 1987=100] Seasonally adjusted Line 1987 1989 1988 1988 1990 I III IV I II 1991 1990 III IV I III II IV I II III 1 Exports of goods and services Merchandise1 Durable Nondurable Services! 2 3 4 5 Receipts of factor income2 6 Imports of goods and services ... 7 g 9 10 11 Merchandise1 Durable Nondurable Services • Payments of factor income3 . II 1989 .. . 12 Addenda: Price indexes for exports of goods and services: Chain-type annual weights Benchmark-years weights . . . Price indexes for imports of goods and services: Chain-type annual weights Benchmark-years weights 13 14 15 16 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. 2. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign affiliates of U.S. corporations. 3. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S. affiliates of foreign corporations. NOTE.— Percent changes from preceding period for selected items in this table are shown in table 8.1. Table 7.10.—Price Indexes for Exports and Imports of Merchandise by End-Use Category, Fixed 1987 Weights [Index numbers, 1987=100] Seasonally adjusted Line 1987 1988 1989 1990 1988 I Exports of merchandise Foods, feeds, and beverages Industrial supplies and materials Durable goods Nondurable goods Capital goods, except automotive Civilian aircraft, engines, and Darts Computers peripherals and parts Other •. Automotive vehicles engines and parts . Consumer goods, except automotive .. Durable goods Nondurable goods ..... .. ... Other Durable goods Nondurable goods 1 2 3 4 5 6 . . . ... ... .... .... .... .. .. 8 9 10 11 12 13 14 15 16 Foods feeds and beverages Industrial supplies and materials except petroleum and products Durable goods Nondurable goods Petroleum and products .. Capital goods, except automotive Civilian aircraft engines and parts Computers, peripherals, and pans Other Automotive vehicles engines and parts Consumer goods except automotive Durable goods Nondurable goods Other Durable goods Nondurable goods 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 Addenda: Exports of agricultural products1 Exports of nonagricultural products Imports of nonpetroleum products 34 35 36 1. Includes parts of line 2 and line 5. II m 1990 1989 IV I II ni IV I II III 1991 IV I n m 29 SURVEY OF CURRENT BUSINESS November 1991 Table 7.11.—-Price Indexes for Government Purchases by Type, Fixed 1987 Weights [Index numbers, 1987=100] Seasonally adjusted Line 1987 1988 1989 I III II 1990 1989 1988 1990 IV I III II IV I II 1991 III IV I m IV I II III 1 Federal 2 . Compensation of employees Military .... Civilian . 3 4 5 6 7 8 9 10 11 ... Structures 12 13 14 15 16 17 18 19 20 Nondefense Durable goods Nondurable goods Commodity Credit Corporation inventory change Other nondurables Services Other services Structures State and local Durable goods Nondurable goods Services 21 22 23 24 25 26 27 ... Addenda: Price indexes for government purchases: Chain-type annual weights 28 29 Price indexes for Federal national defense purchases: 30 31 Price indexes for Federal nondefense purchases: 32 33 Price indexes for State and local purchases: Chain-type annual weights .. 34 35 Table 7.12.—Price Indexes for National Defense Purchases, Fixed 1987 Weights [Index numbers, 1987=100] Seasonally adjusted Line 1987 1988 1989 1990 1988 I I II ni 1990 IV I II 1991 3 4 5 6 7 8 9 10 11 . Petroleum products Ammunition Other nondurable goods 12 13 14 Services . Compensation of employees Military Civilian Other services Contractual research1 and development Installation support Weapons support^ Personnel support3 Transportation of material Travel of persons Other Military facilities Other IV 2 Military equipment Aircraft Missiles Ships Vehicles . Electronic equipment Other Other durable goods . . Structures m 1 National defense purchases Durable goods Nondurable goods II 1989 15 .. . 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Addenda: Price indexes for national defense purchases: Chain-type annual weights .. 30 Benchmark-years weights 31 1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors to operate installations. 2. Includes depot maintenance and contractual services for weapons systems, other than research and development. 3. Includes compensation of foreign personnel, consulting, training, and education. II m SURVEY OF CURRENT BUSINESS 30 November 1991 Table 7.13.—Implicit Price Deflators for the Relation of Gross Domestic Product, Gross National Product, Net National Product, and National Income [Index numbers, 1987=100] Seasonally adjusted Line 1987 1989 1988 1990 I II m rv I ni II 1991 1990 1989 1988 IV I ni II IV I II HI Gross domestic product 1 Plus: Receipts of factor income from the rest of the world * Less: Payments of factor income to the rest of the world2 2 3 Equals* Gross national oroduct 4 Less: Consumption of fixed capital 5 100.0 103.9 108.4 112.9 102.1 103.2 104.5 105.5 106.9 108.0 108.9 109.9 111.1 112.3 113.6 114.5 115.9 116.8 117.4 100.0 104.0 108.7 113.5 102.1 103.3 104.7 105.7 107.1 108.3 109.3 110.3 111.5 112.9 114.3 115.2 116-.7 117.7 118.4 100.0 104.1 108.7 113.8 102.2 103.4 104.8 105.8 107.1 108.2 109.2 110.4 111.8 113.2 114.6 115.6 117.0 118.0 118.7 100.0 103.9 108.4 112.9 102.1 103.2 104.5 105.5 106.9 108.0 108.9 109.9 111.1 1123 113.6 114.5 115.9 116.8 117.4 100.0 103.0 106.0 108.0 102.0 102.6 103.1 104.3 105.1 105.8 106.2 106.7 107.5 107.6 108.3 108.7 109.5 109.7 109.9 Eauals* Net national oroduct 6 100.0 104.0 108.7 113.5 102.1 1033 104.7 105.7 107.1 1083 1093 1103 111.5 112.9 1143 115.2 116.7 117.7 118.4 Less: Indirect business tax and nontax liability plus business transfer payments less subsidies plus current surplus of government enterprises. Statistical discrepancy 7 Addenda: Net domestic product (1—5) 8 9 100.0 103.7 108.2 112.4 101.9 103.1 104.4 105.4 106.7 107.8 108.7 109.6 110.7 111.9 113.2 113.9 115.2 116.0 116.5 10 11 100.0 104.0 108.7 113.5 102.1 103.3 104.7 105.7 107.1 108.3 109.3 110.3 111.5 112.9 114.3 115.2 116.7 117.7 118.^ 1. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign affiliates of U.S. corporations. 2. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S. affiliates of foreign corporations. Table 7.14.—Implicit Price Deflators for Gross Domestic Product by Sector [Index numbers, 1987=100] Seasonally adjusted 1987 1988 1989 1990 1988 1989 1991 HI Gross domestic product Business Nonfarm . Nonfarm less housing Housing Farm Statistical discrepancy , , Households and institutions Private households . Nonprofit institutions General government Federal State and local 2 3 4 5 6 7 8 9 10 , 11 12 13 100.0 103.9 108.4 112.9 112.4 100.0 112.3 100.0 112.0 100.0 103.5 115.2 100.0 120.1 100.0 112.4 100.0 102.1 103.2 104.5 105.5 106.9 108.0 101.9 103.1 105.4 106.7 107.8 102.0 103.1 104.2 105.3 106.4 107.6 101.8 103.0 104.1 105.2 106.2 107.4 103.3 104.1 105.4 106.5 107.7 108.9 99.0 102.2 116.2 113.0 125.2 121.2 101.9 103.1 104.4 105.4 106.7 107.8 II HI 112.3 113.6 114.5 115.9 116.8 108.9 108.7 108.5 108.2 111.8 119.3 108.7 IV 109.6 109.4 109.1 112.0 123.1 109.6 100.0 115.1 102.6 103.6 104.2 105.2 106.1 107.1 108.7 110.4 100.0 106.0 100.4 101.1 101.5 101.7 102.2 102.6 102.7 102.9 100.0 104.0 108.3 115.5 102.7 103.7 104.3 105.4 106.2 107.3 109.0 110.7 100.0 110.4 115.8 103.4 104.5 105.5 106.6 108.9 109.9 110.8 111.8 100.0 115.2 103.4 104.0 104.2 104.7 109.3 109.7 109.8 110.3 100.0 105.4 110.6 116.1 103.5 104.7 106.0 107.4 108.7 110.0 111.2 112.5 110.7 110.4 110.2 112.9 125.6 110.7 111.9 111.7 111.4 114.4 124.5 111.9 113.2 113.0 112.7 116.3 119.5 113.2 113.9 114.0 113.7 117.0 110.8 113.9 115.2 116.5 115.3 116.0 116.6 115.0 11.5.7 116.3 118.0 120.0 107.7 111.9 115.2 116.5 112.1 114.1 116.1 117.9 119.5 123.0 103.7 105.1 106.8 108.6 109.8 111.8 112.5 114.5 116.5 118.3 119.9 121.6 123.5 114.1 115.3 116.3 117.5 120.0 114.5 115.1 115.3 115.9 120.6 113.9 115.3 116.8 118.3 119.8 122.2 122.0 122.3 Addendum: Gross domestic business product less housing Table 7.15.—Current-Dollar Cost and Profit Per Unit of Constant-Dollar Gross Domestic Product of Nonfinancial Corporate Business [Dollars] Seasonally adjusted line 1987 1988 1989 1990 I Current-dollar cost and profit per unit of constant-dollar gross domestic product1. 1 2 3 Indirect business tax and nontax liability plus business transfer payments less subsidies. 4 Corporate profits with inventory valuation and capital consumption adjustments. 7 Profits after tax with inventory valuation and capital consumption adjustments. 5 g 9 10 1. Equals the deflator for gross domestic product of nonfinancial corporate business with the decimal point shifted two places to the left. II HI IV I II 1991 1990 1989 1988 HI IV I II ni IV I II ni SURVEY OF CURRENT BUSINESS November 1991 31 Table 8.1.—Percent Change From Preceding Period in Selected Series [Percent] Seasonally adjusted at annual rates Line 1987 1988 1989 1990 I Gross domestic product: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-tvpe annual weights Benchmark-years weights Personal consumption expenditures: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights ... Alternative indexes: Chain-type annual weights Benchmark-years weights . Durable goods: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights . Alternative indexes: Chain-type annual weights Benchmark-years weights I II II I IV HI 1991 m Ill II IV 1 6.4 7.9 7.0 5.1 6.1 9.1 7.6 8.1 7.8 6.3 4.6 4.9 6.3 6.2 4.9 -.9 2.3 4.6 3.9 2 3.1 3.9 2.5 1.0 2.6 4.3 2.5 3.9 2.5 1.9 1.1 1.2 1.7 1.6 .2 -3.9 -2.5 1.4 1.7 5 6 7 8 7.1 8.0 6.7 6.4 9.9 7.9 8.4 8.9 4.6 6.4 7.2 4.7 8.6 4.3 8.8 2.9 1.7 4.3 5.0 9 2.8 3.6 1.9 1.2 7.1 2.5 2.9 4.1 -.2 1.0 4.1 .1 2.1 0 2.8 -3.5 -1.3 1.4 2.3 10 11 12 .... . . 13 14 15 3.6 8.3 5.2 1.3 21.1 4.1 .4 19.1 -3.1 7.1 16.0 T 13.2 20.5 -12.2 2.2 -12.4 -9.6 -.6 12.2 16 .4 6.2 2.8 -.4 21.7 1.7 -2.9 15.3 -5.0 5.9 13.8 -15.5 16.7 -11.8 1.5 -14.0 -11.9 -1.8 9.4 22 6.2 6.2 6.8 6.2 4.8 8.1 9.3 7.6 5.2 8.3 4.6 5.1 8.9 2.0 9.5 6.0 0 2.1 1.9 23 2.0 2.4 1.4 .1 3.6 3.0 3.3 2.9 .1 -1.4 3.1 1.5 -.3 -1.5 1.3 -3.4 -.3 .9 .7 29 8.5 9.0 7.1 7.7 10.4 8.7 9.8 7.3 6.1 5.2 6.7 9.3 5.7 10.0 10.0 4.7 5.2 6.7 5.3 30 3.9 3.7 2.0 2.3 6.0 2.5 4.2 2.2 .8 1.2 2.3 3.6 .3 4.1 4.1 -.9 .7 2.5 1.6 17 18 19 20 21 24 25 26 27 28 Services: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights 31 32 33 34 35 Gross private domestic investment: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-vears weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights 36 4.4 5.9 5.5 -4.2 -14.0 9.6 6.4 7.2 15.5 -.2 -8.0 3.7 -10.3 7.0 -2.0 -30.3 -20.4 -.3 20.1 37 1.9 3.2 2.0 -5.7 -17.3 6.8 6.8 1.4 9.6 -2.9 -9.9 1.2 -11.9 6.0 -2.9 -29.5 -20.9 -.4 20.5 38 39 40 41 42 Fixed investment: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights IV HI 3 4 Nondurable goods: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Nonresidential: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights .. .. Alternative indexes: Chain-type annual weights Benchmark-years weights Structures: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights II 1990 1989 1988 43 2.0 7.5 3.1 .1 7.1 11.5 4.7 7.3 2.1 .2 .8 -2.0 8.2 -7.2 3.8 -9.7 -18.4 -1.4 —3 44 -.5 4.2 .4 -1.6 2.1 8.7 2.8 2.9 -1.1 -1.8 -1.0 -3.9 5.3 -7.7 1.4 -9.6 -19.3 -1.7 .2 50 1.1 9.6 4.6 2.9 10.1 13.8 4.6 7.4 3.5 3.7 2.8 -.6 9.3 -4.2 11.7 -7.2 -16.1 -3.8 -5.1 51 -.5 6.6 2.2 1.2 5.7 11.0 2.9 2.7 .9 2.7 .8 -2.5 7.1 -4.6 8.5 -7.7 -17.4 -3.3 -3.5 57 -1.6 6.2 6.1 2.9 -7.3 11.3 3.8 8.3 9.5 -2.3 10.7 3.3 12.6 -5.6 4.5 -19.3 -14.2 58 -3.0 1.6 2.0 .3 -13.4 6.7 -.7 3.7 4.9 -6.2 8.0 .4 8.5 -7.3 2.5 -19.7 -15.7 -10.3 - 2 3 . 3 45 46 47 48 49 52 53 54 .. .. 55 56 59 60 61 62 63 -8.4 -21.7 32 SURVEY OF CURRENT BUSINESS November 1991 Table 8.1.—Percent Change From Preceding Period in Selected Series—Continued [Percent] Seasonally adjusted at annual rates Line Producers' durable equipment: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: 64 65 1987 1988 2.5 .9 11.3 9.3 1989 3.9 1990 2.8 2.3 1.6 1988 I II 20.4 14.9 5.3 I IV I II m -.9 -2.6 7.9 -3.6 15.8 -.7 -17.1 -1.3 3.6 6.4 -3.2 11.5 -1.6 -18.1 0 6.6 6.8 .6 7.3 -2.5 -3.9 17.1 13.1 4.7 2.3 -1.0 6.8 m IV m II 1991 1990 1989 HI II I IV 66 67 Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights 68 69 70 Residential: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: 71 4.0 3.0 -.5 -6.6 .9 6.3 4.9 7.0 -1.3 -7.7 -4.4 -5.5 5.4 -14.4 -15.2 -16.3 -24.6 6.1 14.8 72 -.4 -1.1 -3.8 -8.7 -5.8 3.7 2.7 3.3 -5.9 -11.9 -5.6 -7.3 .6 -15.7 -16.2 -15.0 -24.8 3.1 11.9 78 14.0 22.0 13.7 9.0 29.4 20.9 13.0 13.5 17.4 17.6 0 12.51 10.6 8.7 2.1 18.6 -4.6 18.0 4.1 79 10.4 15.8 11.3 7.8 23.6 10.3 6.8 14.0 12.4 17.2 .9 13.7 8.8 4.8 -.4 17.7 -7.4 19.4 6.4 3.7 2.8 4.9 17.1 1.3 10.3 -.6 7.3 9.5 -4.1 17.5 11.9 -25.7 2.9 19.3 -4.0 8.7 11.7 -6.1 6.9 6.8 4.0 -2.5 1.7 9.6 -9.3 -15.4 13.3 22.4 4.1 12.9 4.8 5.0 10.0 6.7 1.4 -1.5 6.4 2.2 4.6 2.8 -.1 -3.8 73 74 75 76 77 Exports of goods and services: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: 80 81 Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights 82 83 84 Imports of goods and services: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: 85 12.3 8.9 6.4 6.3 86 4.6 3.7 3.7 2.2 92 5.8 4.2 5.7 7.4 1.5 4.1 2.1 8.6 4.3 8.3 6.1 93 3.1 .6 1.5 3.2 -4.1 g -.9 5.0 -3.4 5.2 4.1 3.7 5.9 -5.9 -.6 -2.6 9.2 .6 9.8 5.8 -3.8 14.1 6.0 1.3 9.6 16.6 c -6.4 -.6 1.6 -11.6 -2.6 -3.7 5.1 -9.5 7.9 5.1 -7.2 5.9 4.3 -5.0 4.5 9,9 1.0 -8.5 4.5 87 88 Benchmark-vears weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights 89 90 91 Government purchases: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: 94 95 Price indexes: Fixed 1987 weights Alternative indexes: 96 97 98 Federal: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: 99 4.6 100 3.2 -2.0 106 5.6 1.2 1.5 12 -2.5 -1.1 3.9 -3.9 6.4 10.1 -5.4 10.6 4.5 -2.0 12.8 15.4 107 4.1 -1.7 -2.2 -5.6 -5.0 -3.4 1.6 -12.8 5.6 10.1 -9.2 2.3 3.3 -7.9 5.9 10.9 -3.3 -9.4 113 2.0 -1.6 11.1 9.9 -25.3 5.9 -7.3 28.0 15.5 20.0 -5.7 1.2 24.7 10.8 10.9 1.1 20.0 16.0 -3.5 114 .5 -2.9 4.7 5.5 -28.3 5.5 -4.4 17.2 1.3 15.0 -8.4 -.8 16.7 7.6 3.7 .8 6.9 14.0 -5.6 101 102 Price indexes: Fixed 1987 weights Alternative indexes: 103 104 105 Benchmark-years weights National defense: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Nondefense: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Price indexes: Fixed 1987 weights Alternative indexes: Benchmark-years weights -7.6 108 109 110 . 111 112 115 116 117 118 119 33 SURVEY OF CURRENT BUSINESS November 1991 Table 8.1.—Percent Change From Preceding Period in Selected Series [Percent] Seasonally adjusted at annual rates Line 1988 1987 1989 1988 1990 II I State and local: Current dollars . . Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-vears weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights m IV III II I IV m II I 120 6.7 7.1 7.2 8.4 7.3 7.7 5.6 8.2 6.9 7.3 6.2 9.9 12.1 4.0 7.8 10.2 .4 2.0 2.1 121 2.9 2.6 3.1 4.4 2.0 3.5 1.3 4.9 1.3 3.4 3.3 6.6 6.7 .8 3.2 4.6 -1.9 -.7 -.5 122 123 124 125 126 Addenda: Final sales of domestic product: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Gross domestic purchases: Current dollars . Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights II I IV 1991 1990 1989 HI 127 6.0 8.2 6.6 5.9 10.0 9.4 7.4 8.1 5.6 6.4 6.1 4.0 9.4 4.0 5.8 2.7 2.5 4.4 1.5 128 2.7 4.1 2.2 1.7 6.3 4.6 1.9 4.1 .8 2.1 2.7 .4 4.6 -.5 .9 -.3 -2.4 1.2 -.9 134 6.4 6.9 6.4 4.9 4.1 7.4 6.9 8.6 6.2 5.7 4.4 4.4 6.2 4.8 6.5 -1.3 -.6 3.2 5.5 135 2.7 3.0 1.9 .5 .6 2.9 2.8 3.9 .7 1.1 1.7 .3 .6 1.3 1.3 -6.5 -3.5 .9 3.4 141 6.0 7.2 6.0 5.6 7.8 7.7 6.6 8.6 4.1 5.8 6.0 3.5 9.3 2.6 7.4 2.3 -.4 3.0 3.0 142 2.3 3.1 1.6 1.1 4.1 3.2 2.2 4.1 -1.0 1.3 3.3 -.4 3.4 -.8 2.0 -3.0 -3.4 .7 .8 129 130 131 132 133 < 136 137 138 139 140 Final sales to domestic purchasers: Current dollars Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-vears weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights 143 144 145 146 147 Gross national product: Current dollars . . Quantity indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights Price indexes: Fixed 1987 weights Alternative indexes: Chain-type annual weights Benchmark-years weights 148 6.2 8.0 6.9 5.3 6.4 8.5 7.5 8.6 7.3 5.8 4.8 5.5 6.3 5.5 5.3 .5 2.1 3.5 4.3 149 3.0 4.0 2.4 1.1 3.0 3.8 2.4 4.3 2.1 1.5 1.4 1.8 1.7 .9 .7 -2.5 -2.8 .3 2.0 5.0 .8 7.9 3.5 6.8 2.0 7.1 1.9 8.1 5.4 6.0 .7 7.9 2.5 9.0 4.2 8.6 3.6 2.7 -2.6 4.9 1.9 7.8 3.0 11.0 4.5 6.0 1.6 6.1 .2 4.5 -2.0 1.3 -1.7 5.6 2.6 2.8 .2 150 151 152 153 154 Command-basis gross national product: Quantity index, fixed 1987 weights Disposable personal income: Current dollars 1987 dollars 155 156 157 NOTE.—Except for disposable personal income, the quantity and price indexes in this table are calculated from weighted averages of the detailed output and prices used to prepare each aggregate and component. The fixed weighted measures use as weights the composition of output in 1987. The chain-type indexes with annual weights use weights for the preceding and current years. The indexes with benchmark- years weights use weights of 1959, 1963, 1967, 1972, 1977, 1982, and 1987 and the most recent year. Table 8.2.--Selected Per Capita Product and Income Series in Current and Constant Dollars and Population of the United States [Dollars] Seasonally adjusted at annual rates Line 1989 1989 in IV IV Current dollars: Gross domestic product . Gross national product... Personal income Disposable personal income Personal consumption expenditures . Durable goods Nondurable goods Services 18,694 18,713 15,655 13,545 12,568 1,662 4,163 6,742 19,993 20,025 16,629 14,476 13,448 1,783 4,381 7,284 21,196 21,213 17,705 15,313 14,219 1,858 4,636 7,725 22,056 22,099 18,720 16,236 14,971 1,864 4,871 8,236 19,458 19,507 16,245 14,154 13,099 1,756 4,264 7,078 19,846 19,869 16,499 14,332 13,322 1,770 4,339 7,213 20,161 20,179 16,720 14,570 13,556 1,767 4,425 7,365 20,506 20,546 17,053 14,850 13,814 1,841 4,495 7,477 20,852 20,870 17,460 15,131 13,942 1,823 4,544 7,575 21,125 21,122 17,616 15,197 14,130 1,851 4,625 7,655 21,304 21,315 17,726 15,337 14,338 1,916 4,664 7,759 21,500 21,543 18,014 15,586 14,464 1,844 4,710 7,911 21,781 21,822 18,400 15,963 14,731 1,928 4,800 8,004 22,055 22,058 18,649 16,154 14,848 1,862 4,812 8,175 22,251 22,276 18,851 16,344 15,120 1,866 4,907 8,347 22,135 22,237 18,977 16,479 15,183 1,800 4,964 8,418 22,206 2236 18,944 16,492 15,208 1,751 4,952 8,505 22,406 22,438 19,110 16,678 15,334 1,744 4,966 8,624 22,560 22,611 19,186 16,748 15,478 1,790 4,976 8,712 18,694 18,713 13,545 12,568 1,662 4,163 6,742 19,251 19,283 13,889 12,902 1,749 4,223 6,930 19,550 19,566 14,030 13,027 1,782 4,241 7,004 19,540 19,579 14,154 13,051 1,756 4,203 7,092 19,061 19,109 13,840 12,808 1,740 4,190 6,877 19,223 19,246 13,836 12,862 1,744 4,213 6,905 19,294 19,311 13,886 12,921 1,727 4,235 6,958 19,429 19,467 13,996 13,020 1,785 4,255 6,979 19,513 19,530 14,093 12,986 1,759 4,248 6,979 19,562 19,558 13,969 12,989 1,781 4,223 6,984 19,561 19,571 13,996 13,084 1,834 4,245 7,006 19,565 19,604 14,063 13,051 1,754 4,249 7,048 19,606 19,643 14,185 13,090 1,818 4,235 7,037 19,633 19,637 14,204 13,056 1,758 4,208 7,090 19,586 19,609 14,168 13,107 1,759 4,209 7,139 19,337 19,428 14,058 12,952 1,689 4,161 7,102 19,166 19,245 13,965 12,877 1,632 4,148 7,097 19,188 19,216 14,022 12,892 1,621 4,147 7,124 19,214 19,259 13,989 12,928 1,653 4,143 7,132 242.9 245.1 247.4 250.0 244.7 245.4 246.0 247.7 248.4 249.0 249.6 250.3 251.1 251.7 252.3 253.0 Constant (1987) dollars: Gross domestic product , Gross national product Disposable personal income Personal consumption expenditures . Durable goods Nondurable goods . Services Population (mid-period, thousands) . 34 November 1991 SURVEY OF CURRENT BUSINESS Table 8.3.—Auto Output [Billions of dollars] Seasonally adjusted at annual rates line 1987 1988 1989 1990 1988 1989 HI Auto output 118.9 129.1 133.9 1303 116.4 133.4 130.6 112.1 128.1 132.2 135.0 1283 128.4 125.2 121.6 131.6 132.5 132.4 133.4 131.3 127.7 93.5 101.0 100.0 96.6 102.8 100.8 97.7 28.2 30.5 32.5 35.8 30.5 30.5 30.0 28.9 32.3 31.2 35.5 31.7 32.7 32.0 45.1 51.2 49.7 55.0 49.8 51.0 51.9 -16.2 -18.9 -18.6 -19.6 -18.2 -18.4 -19.9 -40.6 -38.0 -33.7 -35.4 -39.3 -37.6 -36.5 9.0 10.8 10.5 7.4 8.5 10.1 8.0 47.9 47.1 44.5 45.9 47.3 46.1 46.6 2.2 2.1 2.5 2.3 2.0 2.5 2.1 Final sales Personal consumption expenditures . New autos Net purchases of used autos Producers' durable equipment New autos Net purchases of used autos Net exports Exports Government purchases Change in business inventories of new and used autos . New Used 6.8 6.3 .5 Addenda: Domestic output of new autos1 Sales of imported new autos2 .... 1.0 .2 .9 -4.7 -11.9 -4.2 -12.3 .4 -.6 1.6 .9 95.5 101.9 104.9 55.1 5.4 3.0 2.4 5.0 5.3 -.3 136.1 130.4 133.9 102.8 31.1 32.9 52.1 -19.2 -38.8 9.4 48.2 2.3 ii 1991 in IV 133.9 136.2 130.1 121.8 133.2 147.6 11&5 109.8 115.5 125.1 125.9 134.9 142.2 126.0 138.6 130.2 133.2 141.1 125.4 138.0 100.1 100.0 109.3 90.5 103.0 30.1 33.1 31.8 34.9 35.0 31.0 32.6 32.1 28.9 32.5 47.5 53.2 51.8 46.4 50.3 -16.5 -19,7 -17.5 -17.8 -37.7 -33.2 -30.4 -34.4 11.0 10.4 10.0 11.8 10.6 48.7 43.8 43.2 42.2 45.1 2.5 2.4 2.6 2.1 2.2 136.4 132.7 98.0 34.8 34.3 53.0 -18.8 -32.9 11.6 44.6 2.3 4.1 -16.8 5.0 -16.5 -.4 -.9 -3.2 -2.1 -1.1 5.7 4.6 1.1 9.5 8.9 -.9 -2.1 1.2 -6.0 -8.2 2.2 103.4 104.0 110.1 109.6 106.6 104.4 61.8 59.3 58.9 56.1 58.7 60.0 59.3 1990 IV 99.1 138.8 117.6 121.5 133.5 125.4 115.0 112.1 95.7 89.7 78.4 78.2 37.8 35.7 36.7 33.9 38.9 36.1 35.3 37.4 60.9 55.8 55.5 59.6 -22.0 -19.7 -20.2 -22.2 -35.8 -38.3 -35.7 -29.9 10.9 9.0 10.5 11.7 46.7 47.3 46.3 41.5 3.0 3.0 122.9 118.0 79.3 38.7 39.7 64.2 -24.5 -36.8 14.3 51.1 2.0 8.9 -6.9 -7.8 -7.0 -.7 -6.0 -8.2 2.2 2.2 2.0 .3 59.6 58.5 86.8 50.4 55.8 lOiff 57.5 III IV 90.4 58.8 1. Consists of final sales and change in business inventories of new autos assembled in the United States. 2. Consists of personal consumption expenditures, producers' durable equipment, and government purchases. Table 8.4.—Auto Output in Constant Dollars [Billions of 1987 dollars] Seasonally adjusted at annual rates Line 1989 1990 1988 1990 HI 118.9 1273 127.1 Auto output... 112.1 121.6 93.5 28.2 28.9 45.1 -16.2 -40.6 7.4 47.9 2.1 Final sales Personal consumption expenditures . New autos Net purchases of used autos Producers' durable equipment New autos Net purchases of used autos Net exports Exports Imports Government purchases Change in business inventories of new and used autos . New . Used.. Addenda: l Domestic output of new autos Sales of imported new autos2 . IV ni 134.8 134.8 105.7 29.2 31.3 50.0 -18.8 -33.4 8.8 42.1 2.1 11.1 10.5 .6 -1.7 -2.9 1.2 -6.7 -8.9 2.2 53.9 56.3 58.0 .6 -.3 .9 55.1 99.9 59.3 - 5 3 -11.4 -4.8 -11.8 .4 -.5 3.2 3.5 -.2 89.5 61.4 60.8 56.2 55.3 1991 134.6 131.5 126.2 128.1 122.4 1143 123.7 135.9 110.7 116.9 132.1 126.7 125.4 126.5 1283 128.8 121.8 127.9 120.4 127.9 129.9 124.9 126.7 129.6 126.2 132.8 130.6 99.8 96.3 95.9 101.8 99.3 99.1 96.1 31.0 31.3 29.6 30.2 28.7 30.8 30.5 30.1 33.4 32.2 30.1 31.6 31.6 32.3 31.9 30.1 49.3 50.3 45.6 51.0 50.2 -17.8 -18.0 -15.6 -19.4 -18.3 -38.6 -36.1 -36.8 -32.7 -37.0 8.8 8.2 10.0 9.5 8.4 9.5 8.9 46.8 44.5 46.8 41.5 45.8 2.4 2.5 2.3 2.0 2.2 6.8 6.3 .5 II iv 57.9 108.5 57.2 118.5 118.4 86.6 31.8 27.7 44.4 -16.7 -29.5 129.1 129.5 97.1 32.4 30.3 47.5 -17.2 -32.9 10.1 10.5 43.0 40.0 2.4 1.9 128.0 125.6 93.0 32.6 32.0 50.4 -18.4 -31.7 10.5 42.3 2.1 3.9 -14.8 4.7 -14.6 -.2 -43 -3.4 -1.0 52.9 85.6 55.5 1293 126.5 91.3 35.3 36.7 58.1 -21.4 -35.8 9.3 993 104.5 112.2 1193 118.0 84.7 33.4 33.4 52.6 -19.2 -34.9 8.9 43.8 2.8 108.0 106.8 72.2 34.5 31.4 51.2 -19.8 -32.6 9.3 41.9 2.5 109.7 103.1 71.5 31.6 32.9 54.5 -21.6 -27.9 10.3 38.2 1.7 110.0 107.5 72.2 35.3 35.1 58.4 -23.4 -34.4 12.5 46.9 1.8 -8.6 -8.7 -8.1 -.6 -5.2 -7.4 2.2 2.2 1.9 .4 81.2 51.0 92.8 52.4 56.9 83.5 55.2 46.4 m IV I II 56.8 68.2 74.7 57.3 1. Consists of final sales and change in business inventories of new autos assembled in the United States. 2. Consists of personal consumption expenditures, producers' durable equipment, and government purchases. Table 8.5.—Truck Output [Billions of dollars] Seasonally adjusted at annual rates Line 1987 1988 1989 Truck output i Final sales Personal consumption expenditures Producers' durable equipment Net exports Exports . Imports Government purchases . .... . . Change in business inventories III II I IV I ni II 1991 1990 1989 1988 1990 I IV II ni 1 68.0 72.6 76.9 72.8 70.6 70.9 70.9 78.0 79.9 78.5 76.1 73.1 72.4 773 74.4 67.1 2 3 4 5 6 7 8 66.5 35.2 32.9 -6.8 3.9 10.7 5.2 72.2 37.2 34.9 -6.0 4.3 10.3 6.1 75.8 42.1 34.1 -7.1 3.4 10.5 6.7 73.8 39.5 33.4 -5.4 4.2 9.6 6.3 71.6 36.9 35.1 -6.0 4.3 10.3 5.5 70.8 36.3 33.4 -6.0 4.2 10.3 7.2 71.6 36.4 33.9 -5.4 4.3 9.8 6.7 74.9 39.1 37.4 -6.7 4.3 11.1 5.1 74.4 41.3 34.7 -7.6 3.7 11.3 6.1 77.1 40.7 14.7 -6.8 3.4 10.2 8.5 79.1 45.1 33.9 -6.9 3.0 9.9 7.0 72.4 41.4 32.9 -7.1 3.5 10.6 5.3 78.4 43.4 34.3 -5.5 1.9 9.4 6.2 74.6 39.5 32.9 -5.4 4.5 9.9 7.7 72.7 39.3 33.7 -6.4 4.0 10.4 6.1 69.6 35.9 32.7 -4.2 4.5 8.7 5.3 65.6 32.8 29.4 -3.5 4.5 8.0 6.8 693 34.2 30.4 -2.6 5.8 8.4 7.3 73.1 37.8 33.4 -4.4 5.3 9.7 6.2 9 1.5 .4 1.1 -1.0 -1.0 .1 -.6 3.1 5.5 1.4 -3.0 .7 -5.9 2.7 1.6 -2.5 -8.8 -1.1 1.6 1. Includes new trucks only. Table 8.6.—Truck Output in Constant Dollars [Billions of 1987 dollars] Seasonally adjusted at annual rates Line Truck output1 Final sales Personal consumption expenditures Net exports Exports cxporo Government purchases Change in business inventories 1. Includes new trucks only. • * 1987 1988 1989 1991 1990 1989 1988 1990 I II m IV I II III IV I II ni IV I II ni 1 68.0 71.0 72.8 67.4 70.1 69.8 69.2 74.7 76.1 74.5 723 68.5 67.6 72.0 68.6 61.2 51.2 61.7 66.2 2 3 4 5 6 7 8 66.5 35.2 32.9 -6.8 3.9 10.7 5.2 70.6 36.8 33.8 -5.9 4.2 10.1 6.0 71.8 40.4 31.8 -6.7 3.2 9.9 6.3 683 36.5 30.9 -5.0 3.9 8.9 5.8 71.0 36.8 34.6 -5 9 4.3 10.2 5.5 69.7 161 32.6 -60 4.1 10.1 7.0 69.8 35.9 32.7 -51 4.2 9.5 6.5 71.9 18.1 35.4 -6,6 4.1 10.7 4.9 70.9 19.9 32.5 -7,1 3.5 10.8 5.7 73.2 19.1 32.5 -6.5 3.2 9.7 7.9 75.1 41.1 31.8 -6.4 2.8 9.1 6.6 67.9 19.2 30.5 -6.7 3.2 10.0 4.9 73.2 40.5 32.0 -5.1 3.6 8.7 5.8 69.5 16.7 30.7 -5.0 4.2 9.2 7.2 67.1 36.3 31.1 -6.0 3.7 9.7 5.6 63.5 32.7 29.9 -3.9 4.1 8.0 4.8 59.2 29.3 26.6 -2.9 4.1 7.0 6.1 62.6 30.4 ?,7.6 -2.0 5.1 7.3 6.6 64.9 33.2 29.9 -3.8 4.7 8.5 5.6 9 1J .4 1.1 -1.0 -.9 .1 -.6 2.7 5.2 13 -2.9 .6 -5.6 2.5 13 -23 -7.9 -1.0 1.4 35 SURVEY OF CURRENT BUSINESS November 1991 Summary National Income and Product Series Table 1.—Gross Domestic Product [Billions of dollars; quarterly data are seasonally adjusted at annual rates] Year and quarter GDP Total NonDurable durable goods goods Services Total NonResiresiden- dential tial CBI Net Percent change from preceding Government purchases Net exports Personal consumption expenditures Gross private domestic investment Exports Imports Total Federal State and local Final sales of domestic product Gross domes- Gross tic pur- national chases product GDP Final Gross sales of domesdomes- tic purtic chases product GNP 494.2 318.1 42.8 148.5 126.8 78.8 46.5 28.1 4.2 -1.7 20.6 22.3 99.0 57.1 41.8 490.0 495.8 497.0 513.4 531.8 571.6 603.1 648.0 332.4 343.5 364.4 384.2 412.5 43.5 41.9 47.0 51.8 56.8 153.1 157.4 163.8 169.4 179.7 135.9 144.1 153.6 163.1 175.9 78.7 77.9 87.9 93.4 101.7 49.2 48.6 52.8 55.6 62.4 26.3 26.4 29.0 32.1 34.3 3.2 2.9 6.1 5.7 5.0 2.4 3.4 2.4 3.3 5.5 25.3 26.0 27.4 29.4 33.6 22.8 22.7 25.0 26.1 28.1 99.8 107.0 116.8 122.3 128.3 55.3 58.6 65.4 66.4 67.5 44.5 48.4 51.4 55.8 60.9 510.1 528.9 565.5 597.5 643.0 510.9 528.4 569.2 599.8 642.5 516.6 535.4 575.8 607.7 653.0 3.9 3.6 7.5 5.5 7.4 4.1 3.7 6.9 5.7 7.6 3.0 3.4 7.7 5.4 7.1 3.9 3.6 7.5 5.5 7.5 702.7 769.8 814.3 889.3 959.5 1,010.3 1,096.8 1,206.5 1,349.0 1,457.9 1,584.8 1,767.1 1,974.1 2,232.7 2,488.6 444.6 481.6 509.3 559.1 603.7 646.5 700.3 767.8 848.1 927.7 1,024.9 1,143.1 1,271.5 1,421.2 1,583.7 63.5 68.5 70.6 81.0 86.2 85.3 97.2 110.7 124.1 123.0 134.3 160.0 182.6 202.3 214.2 191.9 208.5 216.9 235.0 252.2 270.4 283.3 305.2 339.6 380.8 416.0 451.8 490.4 541.5 613.3 189.2 204.6 221.7 243.1 265.3 290.8 319.8 351.9 384.5 423.9 474.5 531.2 598.4 677.4 756.2 118.0 130.4 128.0 139.9 155.2 150.0 175.2 205.2 242.5 245.1 225.0 285.0 358.3 434.0 480.2 74.1 84.4 85.2 92.1 102.9 106.4 111.4 125.6 149.5 164.8 167.9 185.8 223.2 274.5 326.4 34.2 32.3 32.4 38.7 42.6 41.4 55.8 69.7 75.3 66.0 62.7 82.5 110.3 131.6 141.0 9.7 13.8 10.5 9.1 9.7 2.3 8.0 9.9 17.7 14.3 -5.7 16.7 24.7 27.9 12.8 3.9 1.9 1.4 -1.3 -1.2 1.2 -3.0 -8.0 .6 -3.1 13.6 -2.3 -23.7 -26.1 -23.8 35.4 38.9 41.4 45.3 49.3 57.0 59.3 66.2 91.8 124.3 136.3 148.9 158.8 186.1 228.9 31.5 37.1 39.9 46.6 50.5 136.3 155.9 175.6 191.5 201.8 69.5 81.3 92.8 99.2 100.5 66.8 74.6 82.7 92.3 101.3 693.0 756.0 803.8 880.2 949.8 698.8 767.9 812.9 890.6 960.7 708.1 774.9 819.8 895.5 965.6 8.4 9.5 5.8 9.2 7.9 7.8 9.1 6.3 9.5 7.9 8.4 9.4 5.8 9.2 7.8 55.8 62.3 74.2 91.2 127.5 122.7 151.1 182.4 212.3 252.7 212.7 224.3 241.5 257.7 288.3 321.4 341.3 368.0 403.6 448.5 100.1 100.0 106.9 108.5 117.6 129.4 135.8 147.9 162.2 179.3 112.6 124.3 134.7 149.2 170.7 192.0 205.5 220.1 241.4 269.2 1,008.1 1,088.8 1,196.6 1,331.3 1,443.7 1,590.5 1,750.3 1,949.4 2,204.8 2,475.9 1,009.1 1,099.8 1,214.5 1,348.4 1,461.1 1,016.8 1,104.5 1,215.2 1,361.7 1,473.6 1,571.3 1,769.3 1,997.8 2,258.8 2,512.5 1,598.1 1,784.1 1,994.6 2,254.5 2,520.8 5.3 8.6 10.0 11.8 8.1 8.7 11.5 11.7 13.1 11.5 6.1 8.0 9.9 11.3 8.4 10.2 10.0 11.4 13.1 12.3 8.8 9.9 5.9 9.6 7.9 5.0 9.0 10.4 11.0 8.4 7.5 12.6 12.9 13.1 11.2 5.3 8.6 10.0 12.1 8.2 8.4 11.6 11.8 13.0 11.8 2,708.0 3,030.6 3,149.6 3,405.0 3,777.2 1,748.1 1,926.2 2,059.2 2,257.5 2,460.3 2,667.4 2,850.6 3,052.2 3,296.1 3,517.9 212.5 228.5 236.5 275.0 317.9 682.9 852.7 744.2 953.5 772.3 1,050.4 817.8 1,164.7 873.0 1,269.4 467.6 558.0 503.4 546.7 718.9 353.8 410.0 413.7 400.2 468.9 123.3 122.5 105.7 152.0 178.9 -9.5 -14.7 25.4 -14.7 -15.9 -20.6 -5.5 -51.4 71.1 -102.7 279.2 303.0 282.6 276.7 302.4 293.9 317.7 303.2 328.1 405.1 507.1 561.1 607.6 652.3 700.8 209.1 240.8 266.6 292.0 310.9 298.0 320.3 341.1 360.3 389.9 2,717.5 3,005.2 3,165.5 ! 3,410,6 3,706.1 2,722.8 3,045.3 3,170.2 3,456.5 3,879.9 2,742.1 3,063.8 3,179.8 3,434.4 3,801.5 8.8 11.9 3.9 8.1 10.9 9.8 10.6 5.3 7.7 8.7 8.4 11.8 4.1 9.0 12.2 8.8 11.7 3.8 8.0 10.7 352.9 919.4 1,395.1 389.6 952.2 1,508.8 403.7 1,011.1 1,637.4 437.1 1,073.8 1,785.2 459.8 1,146.9 1,911.2 714.5 717.6 749.3 793.6 837.6 504.0 492.4 497.8 545.4 570.7 185.9 216.6 225.2 232.0 230.9 4,014.1 4,260.0 4,513.7 4,884.2 5,208.1 4,154.3 4,401.2 4,683.0 5,008.4 5,326.9 5,513.8 3,742.6 465.9 1,217.7 2,059.0 4,038.7 4,268.6 4,539.9 4,900.4 5,244.0 24.6 8.6 26.3 16.2 36.0 -115.6 -132.5 -143.1 -108.0 -82.9 302.1 319.2 364.0 444.2 504.9 417.6 451.7 507.1 552.2 587.8 772.3 833.0 881.5 918.7 971.4 344.3 367.8 384.9 387.0 401.4 428.1 465.3 496.6 531.7 570.0 4,053.6 4,277.7 4,544.5 4,908.2 5,248.2 6.9 5.7 6.4 7.9 7.0 8.3 6.1 6.0 8.2 6.6 7.1 5.9 6.4 6.9 6.4 6.6 5.5 6.2 8.0 6.9 624.8 1,042.9 424.9 618.0 5,513.8 5,588.1 5,524.5 802.6 587.0 215.7 0 -74.4 550.4 5.1 5.9 4.9 5.3 483.5 496.2 496.4 500.5 514.0 512.9 515.8 510.8 310.5 316.4 321.7 323.8 327.3 333.4 333.4 335.5 41.6 43.4 44.2 42.0 43.3 44.2 43.7 42.5 146.2 147.6 149.2 150.8 122.7 125.4 128.2 131.0 76.7 82.7 76.3 79.4 -1.7 -2.5 -1.1 -1.4 19.7 20.0 21.8 21.1 21.4 22.5 22.9 22.5 98.0 99.6 99.5 98.7 56.3 57.7 57.6 56.9 41.7 41.9 41.9 41.7 479.1 488.4 496.2 496.2 485.3 498.8 497.5 501.9 486.2 498.9 499.3 503.6 10.9 .2 3.3 8.0 6.5 0 11.6 -1.0 3.6 10.9 .3 3.5 133.1 135.4 136.3 138.6 89.1 79.4 78.4 68.1 27.8 28.8 28.3 27.5 28.4 26.1 25.3 25.3 4.4 7.8 .2 4.3 150.9 153.8 153.4 154.4 44.5 46.1 47.8 47.6 49.4 50.2 48.9 48.5 11.3 3.0 4.2 -5.7 .9 1.7 3.0 4.0 24.2 25.2 25.9 25.8 23.3 23.5 22.9 21.7 96.7 98.4 100.9 103.1 53.7 54.2 55.8 57.3 42.9 44.2 45.1 45.8 502.7 509.8 511.6 516.4 513.1 511.1 512.8 506.7 517.0 516.0 519.0 514.2 11.2 -.9 2.3 -3.8 5.3 5.8 1.4 3.8 9.2 -1.6 1.3 -4.7 11.1 -.8 2.3 -3.6 515.1 525.9 536.6 549.5 336.4 341.4 344.4 351.7 40.0 41.0 42.3 44.3 155.9 156.8 157.4 159.6 140.5 143.5 144.8 147.8 70.2 75.4 82.2 84.0 47.4 48.3 48.6 50.2 25.3 25.5 26.9 27.8 -2.6 1.6 6.7 6.0 4.4 3.3 2.8 2.9 26.1 25.2 26.1 26.8 21.7 21.9 23.3 23.9 104.2 105.9 107.1 110.8 56.7 58.2 58.7 60.6 47.5 47.6 48.4 50.2 517.7 524.4 529.9 543.5 510.7 522.7 533.7 546.6 518.8 529.4 540.2 553.2 3.4 8.7 8.4 10.0 1.0 5.3 4.3 10.7 3.2 9.7 8.7 10.0 3.6 8.4 8.4 10.0 561.9 569.4 576.2 578.9 356.2 362.2 366.4 372.7 45.3 46.6 47.1 49.1 161.5 162.9 164.4 166.3 149.4 152.7 154.8 157.3 89.3 87.9 89.1 85.4 51.4 53.0 53.7 53.2 28.4 29.2 29.2 29.1 9.5 5.6 6.2 3.1 2.3 3.2 2.9 1.5 26.6 28.1 28.0 27.0 24.3 24.9 25.1 25.5 114.1 116.1 117.9 119.2 63.7 65.1 66.2 66.7 50.4 51.0 51.7 52.6 552.4 563.7 570.0 575.8 559.7 566.2 573.3 577.4 565.7 573.5 580.3 583.7 9.3 5.4 4.9 1.9 6.7 8.4 4.5 4.1 9.9 4.7 5.1 2.9 9.3 5.6 4.8 2.4 588.1 596.7 609.4 618.3 634.8 643.6 654.1 659.7 679.8 691.9 708.3 730.7 376.3 380.6 387.7 392.3 401.7 409.4 418.1 420.6 431.2 438.2 447.4 461.5 50.2 51.5 52.2 53.3 55.4 56.8 58.6 56.6 62.1 61.9 63.8 66.1 167.5 168.2 170.7 171.2 175.3 178.5 182.0 183.1 185.6 189.1 192.8 200.0 158.6 161.0 164.8 167.9 171.1 174.2 177.5 180.9 183.5 187.1 190.8 195.5 90.3 91.8 94.7 96.6 100.6 100.4 101.5 104.4 115.8 115.8 119.1 121.3 53.1 54.7 56.3 58.1 59.6 61.4 63.5 65.2 69.7 72.4 75.3 78.9 30.2 32.2 32.5 33.7 35.4 34.2 33.7 33.8 33.9 34.2 34.3 34.5 7.0 4.9 5.9 4.8 5.6 4.8 4.3 5.4 12.3 9.2 9.5 7.8 2.0 3.7 3.1 4.4 5.9 4.9 5.4 5.7 3.0 4.7 3.7 4.1 27.2 29.6 29.8 31.1 32.9 32.6 33.9 35.0 31.5 36.3 35.7 38.0 25.2 25.9 26.7 26.8 119.5 120.5 124.0 125.0 65.4 65.6 67.4 67.2 54.1 54.9 56.5 57.8 586.1 592.9 606.4 613.9 592.7 601.1 613.9 623.0 6.5 6.0 8.8 6.0 3.7 7.6 8.1 6.8 6.2 4.7 9.4 5.0 6.3 5.8 8.8 6.1 27.0 27.7 28.4 29.3 28.5 31.7 32.0 33.9 126.6 128.8 129.0 129.1 129.8 133.3 138.2 143.8 67.6 68.2 67.4 66.6 66.1 67.6 70.0 74.1 59.0 60.6 61.5 62.5 63.6 65.6 68.2 69.7 581.1 591.8 603.5 613.5 629.2 638.7 649.7 654.3 667.5 682.7 698.8 722.8 628.9 638.7 648.6 654.0 639.9 648.5 659.2 664.5 676.8 687.3 704.6 726.6 685.3 697.7 713.7 735.6 11.1 5.7 6.7 3.5 12.8 7.3 9.8 13.3 10.6 6.2 7.1 2.9 8.3 9.4 9.8 14.5 10.1 6.4 6.3 3.4 14.7 6.4 10.5 13.1 11.3 5.5 6.8 3.3 13.1 7.4 9.5 12.9 753.1 762.2 775.3 788.5 471.8 476.8 486.1 491.7 69.2 66.5 69.1 69.3 204.2 207.7 210.7 211.4 198.5 202.6 206.4 210.9 130.5 129.9 129.4 131.9 82.2 84.2 85.3 85.7 34.8 33.2 31.9 29.2 13.5 12.5 12.2 17.0 3.2 2.0 .8 1.5 38.2 38.2 39.0 40.4 35.0 36.2 38.2 38.8 147.5 153.5 159.0 163.4 75.9 80.2 83.8 85.3 71.6 73.3 75.2 78.1 739.6 749.7 763.1 771.5 749.9 760.2 774.5 787.0 758.2 767.3 780.3 793.9 12.8 4.9 7.1 7.0 9.6 5.6 7.3 4.5 13.5 5.6 7.7 6.6 12.9 4.9 7.0 7.2 797.7 803.8 820.5 835.3 496.6 506.1 513.5 521.0 67.8 71.2 71.3 72.2 213.7 215.5 217.8 220.6 215.1 219.4 224.3 228.2 126.6 122.5 129.5 133.5 84.3 84.5 84.7 87.2 28.3 31.6 33.4 36.0 14.0 6.4 11.4 10.2 2.3 2.1 1.1 .2 41.7 41.1 40.7 41.9 39.4 39.0 39.5 41.7 172.2 173.1 176.3 180.6 91.8 91.4 93.2 95.0 80.4 81.7 83.1 85.6 783.7 797.5 809.1 825.2 795.4 801.7 819.3 835.1 803.0 809.0 826.2 841.0 4.7 3.1 8.6 7.4 6.5 7.2 5.9 8.2 4.3 3.2 9.1 7.9 4.7 3.0 8.8 7.4 859.6 883.7 900.3 913.7 77.3 79.3 83.6 83.8 227.6 232.6 238.6 241.1 234.1 240.6 246.1 251.6 135.3 141.7 140.3 142.4 90.6 89.9 91.8 96.0 -1.2 -.6 -1.3 -1.9 43.2 44.8 47.0 46.2 44.4 45.4 48.2 48.2 186.5 190.0 192.9 196.7 98.0 98.6 99.4 100.6 88.5 91.4 93.5 96.1 851.8 870.0 890.6 908.3 860.8 884.3 901.5 915.6 865.5 889.8 906.6 920.0 12.2 11.7 7.7 6.1 13.5 8.8 9.8 8.2 12.9 11.4 8.0 6.4 12.2 11.7 7.8 6.0 85.8 86.2 86.4 86.5 245.5 250.2 254.2 258.8 256.6 262.1 267.6 274.7 154.3 154.1 159.1 153.3 99.5 101.4 105.1 105.6 36.9 38.2 38.9 40.9 43.2 43.4 43.2 40.7 7.8 13.7 9.6 5.4 937.3 951.1 970.7 978.8 539.0 552.6 568.3 576.6 587.9 598.5 608.3 620.0 11.6 9.3 10.9 7.1 -1.9 -1.8 -1.3 .1 41.9 50.9 51.0 53.2 43.8 52.7 52.4 53.1 196.9 200.2 204.6 205.4 99.0 99.6 102.2 101.3 98.0 100.6 102.4 104.1 925.7 941.7 959.8 971.7 939.2 952.8 972.0 978.7 943.7 957.3 976.7 984.8 10.7 6.0 8.5 3.4 7.9 7.1 7.9 5.1 10.7 5.9 8.3 2.8 10.7 5.9 8.4 3.4 989.5 1,003.4 1,022.4 1,026.1 631.0 641.1 653.5 660.3 85.2 86.4 87.3 82.5 264.7 268.2 271.9 276.5 281.1 286.5 294.3 301.3 148.4 149.9 153.6 148.1 105.6 106.7 107.8 105.3 40.7 39.4 40.4 45.0 2.1 3.7 5.4 -2.2 1.1 2.4 .9 .4 54.7 57.6 57.3 58.3 53.5 55.2 56.4 57.9 208.9 210.0 214.5 217.3 101.4 99.6 99.6 99.8 107.5 987.4 988.3 995.8 110.4 999.6 1,001.0 1,010.0 114.8 1,017.0 1,021.5 1,029.0 117.5 1,028.3 1,025.7 1,032.2 4.4 5.7 7.8 1.5 6.6 5.0 7.1 4.5 4.0 5.2 8.4 1.7 4.5 5.8 7.7 1.2 1,069.4 1,087.8 1,108.0 1,122.0 679.6 693.6 706.0 722.1 93.1 95.9 98.1 101.9 278.3 282.0 284.4 288.5 308.2 315.8 323.4 331.7 168.8 174.8 179.7 177.3 107.8 110.7 112.0 114.9 48.6 54.6 58.3 61.5 12.4 9.5 9.4 .9 .8 -3.8 -3.1 -6.0 59.5 59.5 62.4 55.9 58.7 63.3 65.5 61.9 220.2 223.2 225.5 228.5 99.5 99.7 100.2 100.5 120.6 123.5 125.2 128.1 1,057.0 1,078.3 1,098.7 1,121.1 1,068.5 1,091.6 1,111.2 1,128.0 1,076.8 1,095.9 1,115.4 1,129.8 18.0 7.1 7.6 5.2 11.6 8.3 7.8 8.4 17.8 8.9 7.4 6.2 18.4 7.3 7.3 5.3 1,160.5 1,192.1 1,217.3 1,256.2 739.2 757.1 775.1 799.7 105.3 108.5 111.8 117.4 293.2 301.5 308.5 317.4 340.8 347.2 354.8 364.9 191.9 202.9 209.0 217.0 120.3 123.1 125.8 133.3 66.6 68.2 69.6 74.3 5.0 11.6 13.6 9.4 -8.6 -8.3 -7.9 -7.1 63.5 63.1 66.2 72.1 72.2 71.4 74.1 79.2 238.1 240.4 241.1 246.5 107.0 108.1 105.6 106.7 131.0 132.3 135.5 139.9 1,155.6 1,180.5 1,203.7 1,246.8 1,169.2 1,200.5 1,225.2 1,263.3 1,168.8 1,200.4 1,226.3 1,265.3 14.4 11.3 8.7 13.4 12.9 8.9 8.1 15.1 15.4 11.1 8.5 13.0 14.5 11.3 8.9 13.3 36 SURVEY OF CURRENT BUSINESS Table 1.—Gross Domestic Product—Continued [Billions of dollars; quarterly data are seasonally adjusted at annual rates] NOTE.—GDP=Gross domestic product; CBI=Change in business inventories; GNP=Gross national product November 1991 37 SURVEY OF CURRENT BUSINESS November 1991 Table 2.—Gross Domestic Product in Constant Dollars [Billions of 1987 dollars; quarterly data are seasonally adjusted at annual rates] Year and quarter GDP Total NonDurable durable goods goods Services Total NonResiresiden- dential tial Net CBI Government purchases Net exports Personal consumption expenditures Gross private domestic investment Exports Imports Total Federal State and local Final Gross Gross sales of domesdomes- tic pur- national tic product chases product Percent change from pieceding period GDP Final Gross sales of domesdomes- tic purtic product chases GNP 1,931.3 1,178.9 114.4 518.5 546.0 296.4 165.2 117.6 13.6 -21.8 73.8 95.6 477.8 268.2 209.6 1,917.8 1,953.1 1,942.1 1,973.2 2,025.6 2,129.8 2,218.0 2,343.3 1,210.8 1,238.4 1,293.3 1,341.9 1,417.2 115.4 109.4 120.2 130.3 140.7 526.9 537.7 553.0 563.6 588.2 568.5 591.3 620.0 648.0 688.3 290.8 289.4 321.2 343.3 371.8 173.3 172.1 185.0 192.3 214.0 109.4 110.1 120.6 135.0 142.1 8.1 7.2 15.6 16.0 15.7 -7.6 -5.5 -10.5 -5.8 2.5 88.4 89.9 95.0 101.8 115.4 96.1 95.3 105.5 107.7 112.9 479.2 503.3 525.9 538.7 551.7 261.3 271.9 289.0 288.1 284.5 217.9 231.4 236.9 250.6 267.3 1,965.0 2,018.4 2,114.2 2,202.0 2,327.6 1,980.8 2,031.1 2,140.3 2,223.8 2,340.7 1,985.1 2,039.0 2,145.0 2,234.2 2,360.8 2.2 2.7 5.1 4A 5.6 2.5 2.7 4.7 4.2 5.7 1.4 2.5 5.4 3.9 5.3 2.2 2.7 5.2 4.2 5.7 2,473.5 2,622.3 2,690.3 2,801.0 2,877.1 1,497.0 1,573.8 1,622.4 1,707.5 1,771.2 156.2 166.0 167.2 184.5 190.8 616.7 647.6 659.0 686.0 703.2 724.1 760.2 796.2 837.0 877.2 413.0 438.0 418.6 440.1 461.3 250.6 276.7 270.8 280.1 296.4 137.3 124.5 120.2 136.4 140.1 25.1 36.7 27.6 23.6 24.8 -6.4 -18.0 -23.7 -37.5 -41.5 118.1 125.7 130.0 140.2 147.8 124.5 143.7 153.7 177.7 189.2 569.9 628.5 673.0 691.0 686.1 285.1 325.4 356.1 357.2 344.2 284.8 303.1 317.0 333.7 341.9 2,448.3 2,585.6 2,662.7 2,777.4 2,852.3 2,479.9 2,640.3 2,714.0 2,838.5 2,918.6 2,491.9 2,639.4 2,707.8 2,819.8 2,895.0 5.6 6.0 2.6 4.1 2.7 5.2 5.6 3.0 4.3 2.7 5.9 6.5 2.8 4.6 2.8 5.6 5.9 2.6 4.1 2.7 2,875.8 2,965.1 3,107.1 3,268.6 3,248.1 1,813.5 1,873.7 1,978.4 2,066.7 2,053.8 183.7 201.4 225.2 246.6 227.2 717.2 912.5 725.6 946.7 755.8 997.4 777.9 1,042.2 759.8 1,066.8 429.7 481.5 532.2 591.7 543.0 292.0 292.6 311.6 357.4 356.5 131.8 168.1 198.0 196.6 155.6 5.9 20.8 22.5 37.7 30.9 -35.2 -45.9 -56.5 -34.1 -4.1 161.3 161.9 173.7 210.3 234.4 196.4 207.8 230.2 244.4 238.4 667.8 655.8 653.0 644.2 655.4 316.9 294.2 284.4 265.3 262.6 350.9 361.6 368.6 378.9 392.9 2,869.9 2,944.3 3,084.5 3,230.9 3,217.2 2,911.0 3,011.0 3,163.6 3,302.7 3,252.2 2,893.5 2,985.2 3,128.8 3,298.6 3,282.4 0 3.1 4.8 5.2 -.6 .6 2.6 4.8 4.7 -.4 -.3 3.4 5.1 4.4 -1.5 -.1 3.2 4.8 5.4 -.5 3,221.7 3,380.8 3,533.2 3,703.5 3,796.8 2,097.5 2,207.3 2,296.6 2,391.8 2,448.4 226.8 256.4 280.0 292.9 289.0 767.1 801.3 819.8 844.8 862.8 1,103.6 1,149.5 1,196.8 1,254.1 1,296.5 437.6 520.6 600.4 664.6 669.7 316.8 328.7 364.3 412.9 448.8 134.7 166.4 201.9 214.5 207.4 -13.9 25.5 34.3 37.2 13.6 23.1 -6.4 -27.8 -29.9 -10.6 232.9 243.4 246.9 270.2 293.5 209.8 249.7 274.7 300.1 304.1 663.5 659.2 664.1 677.0 689.3 262.7 258.2 263.0 268.6 271.7 400.8 401.1 401.0 408.4 417.6 3,235.6 3,355.3 3,499.0 3,666.3 3,783.2 3,198.6 3,387.1 3,561.1 3,733.3 3,807.4 3,247.6 3,412.2 3,568.9 3,739.0 3,845.3 -.8 4.9 4.5 4.8 2.5 .6 3.7 4.3 4.8 3.2 -1.6 5.9 5.1 4.8 2.0 -1.1 5.1 4.6 4.8 2.8 3,776.3 3,843.1 3,760.3 3,906.6 4,148.5 2,447.1 2,476.9 2,503.7 2,619.4 2,746.1 262.7 264.6 262.5 297.7 338.5 860.5 867.9 872.2 900.3 934.6 1,323.9 1,344.4 1,368.9 1,421.4 1,473.0 594.4 631.1 540.5 599.5 757.5 437.8 455.0 433.9 420.8 490.2 164.8 151.6 124.1 174.2 199.3 30.7 -8.3 22.0 24.6 -7.4 -17.5 4.4 -56.1 67.9 -122.0 320.5 326.1 296.7 285.9 305.7 289.9 304.1 304.1 342.1 427.7 704.2 713.2 723.6 743.8 766.9 284.8 295.8 306.0 320.8 331.0 419.4 417.4 417.6 423.0 436.0 3,784.6 3,818.6 3,777.8 3,902.2 4,080.6 3,745.7 3,821.2 3,767.7 3,962.8 4,270.5 3,823.4 3,884.4 3,796.1 3,939.6 4,174.5 -.5 1.8 -2.2 3.9 6.2 0 .9 -1.1 3.3 4.6 -1.6 2.0 -1.4 5.2 7.8 -.6 1.6 -2.3 3.8 6.0 4,279.8 4,404.5 4,540.0 4,718.6 4,836.9 2,865.8 2,969.1 3,052.2 3,162.4 3,223.1 370.1 958.7 1,537.0 402.0 991.0 1,576.1 403.7 1,011.1 1,637.4 428.7 1,035.1 1,698.5 440.8 1,049.3 1,732.9 745.9 735.1 749.3 773.4 789.2 521.8 500.3 497.8 530.8 542.4 202.0 226.2 225.2 222.7 214.2 355.2 373.0 384.9 377.3 375.0 458.2 482.4 496.6 509.6 525.3 4,257.6 4,395.9 4,513.7 4,698.6 4,804.3 4,425.1 4,559.6 4,683.0 4,822.6 4,912.6 4,295.0 4,413.5 4,544.6 4,726.3 4,840.7 3.2 2.9 3.1 3.9 2.5 4.3 3.2 2.7 4.1 2.2 3.6 3.0 2.7 3.0 1.9 2.9 2.8 3.0 4.0 2.4 4,884.9 3,262.6 438.9 1,050.8 1,773.0 22.1 8.5 26.3 19.9 32.6 -145.3 -155.1 -143.0 -104.0 -75.7 309.2 329.6 364.0 421.6 469.2 454.6 484.7 507.1 525.7 544.9 813.4 855.4 881.5 886.8 900.4 744.5 548.8 195.5 .2 -51.3 505.7 557.0 929.1 380.9 548.2 4,884.7 4,936.2 4,894.6 1.0 1.7 .5 1.1 1,909.7 1,941.2 1,931.7 1,942.7 1,159.5 1,175.5 1,188.0 1,192.7 111.9 116.2 117.6 112.0 514.9 516.9 519.9 522.4 532.7 542.4 550.6 558.2 290.7 308.9 288.1 297.8 158.8 163.8 169.1 169.0 116.4 120.7 118.5 115.0 15.5 24.4 .5 13.9 -21.4 -25.0 -20.3 -20.5 70.9 72.0 77.5 74.7 92.3 97.0 97.8 95.3 480.9 481.9 475.9 472.7 271.2 272.1 265.9 263.6 209.7 209.8 210.0 209.1 1,894.2 1,916.8 1,931.3 1,928.8 1,931.1 1,966.2 1,952.0 1,963.2 1,919.9 1,951.4 1,942.8 1,954.4 6.8 -1.9 2.3 4.9 3.1 -.5 7.5 -2.9 2.3 6.7 -1.8 2.4 1,977.8 1,973.5 1,976.2 1,965.1 1,201.7 1,216.4 1,210.8 1,214.1 114.5 117.6 116.2 113.2 522.8 529.6 527.0 528.0 564.4 569.1 567.6 572.9 321.8 292.0 288.5 261.0 173.8 176.1 171.7 171.4 118.4 108.6 105.3 105.4 29.6 7.2 11.6 -15.9 -13.4 -10.4 -5.6 -1.2 84.9 88.3 90.5 90.2 98.3 98.7 96.1 91.4 467.7 475.6 482.4 491.2 255.8 259.2 262.0 268.3 211.9 216.4 220.4 222.9 1,948.2 1,966.3 1,964.6 1,981.0 1,991.2 1,983.9 1,981.8 1,966.3 1,989.0 1,985.1 1,988.3 1,978.0 7.4 -.9 .5 -2.2 4.1 3.8 -.3 3.4 5.8 -1.5 -.4 -3.1 7.3 -.8 .6 -2.1 1,979.7 2,008.8 2,036.5 2,077.4 1,218.1 1,235.6 1,238.8 1,261.0 106.7 107.2 109.3 114.4 532.1 537.7 536.9 543.9 579.3 590.6 592.6 602.7 266.4 279.9 302.4 308.9 169.0 171.0 171.8 176.8 105.9 106.3 112.2 115.8 -8.5 2.6 18.5 16.3 -.9 -6.0 -6.7 -8.4 90.7 86.5 90.7 91.4 91.6 92.6 97.4 99.8 496.0 499.4 501.9 516.0 266.2 271.1 270.9 279.5 229.9 228.3 231.0 236.5 1,988.2 2,006.2 2,018.0 2,061.1 1,980.6 2,014.8 2,043.2 2,085.8 1,993.4 2,021.7 2,049.7 2,091.0 3.0 6.0 5.6 8.3 1.5 3.7 2.4 8.8 2.9 7.1 5.8 8.6 3.2 5.8 5.7 8.3 2,105.8 2,127.5 2,143.9 2,142.1 1,273.5 1,287.0 1,298.2 1,314.3 116.7 119.1 120.1 125.0 548.9 550.6 554.5 558.2 608.0 617.4 623.5 631.1 321.4 322.0 327.3 314.1 180.0 186.1 188.3 185.4 118.0 121.6 121.5 121.3 23.3 14.2 17.5 7.4 -11.9 -7.8 -8.9 -13.5 91.1 97.3 97.5 94.2 103.1 105.0 106.3 107.6 522.9 526.2 527.3 527.1 288.9 290.9 289.3 286.9 234.0 235.3 238.0 240.2 2,082.5 2,113.2 2,126.4 2,134.6 2,117.8 2,135.2 2,152.7 2,155.5 2,119.3 2,142.4 2,158.9 2,159.5 5.6 4.2 3.1 -.3 4.2 6.0 2.5 1.6 6.3 3.3 3.3 .5 5.5 4.4 3.1 .1 2,173.5 2,203.1 2,239.0 2,256.4 1,322.5 1,332.3 1,350.7 1,362.0 127.3 129.7 131.3 133.0 561.0 561.8 565.4 566.1 634.2 640.8 654.1 663.0 330.8 339.5 349.3 353.5 183.7 189.7 195.1 200.7 125.8 135.0 137.5 141.6 21.3 14.9 16.7 11.2 -10.4 -5.2 -6.1 -1.6 94.4 102.1 103.4 107.3 104.8 107.3 109.5 109.0 530.6 536.4 545.1 542.5 285.9 289.5 291.5 285.4 244.7 247.0 253.6 257.1 2,152.2 2,188.2 2,222.3 2,245.2 2,183.9 2,208.3 2,245.1 2,258.1 2,190.0 2,218.9 2,255.1 2,273.0 6.0 5.6 6.7 3.1 3.3 6.9 6.4 4.2 5.4 4.5 6.8 2.3 5.8 5.4 6.7 * 3.2 2,315.0 2,333.2 2,359.8 2,365.1 1,388.0 1,409.3 1,433.8 1,437.6 137.8 140.6 144.8 139.4 575.7 584.9 595.9 596.3 674.5 683.7 693.2 701.9 372.1 367.9 371.3 376.0 205.2 210.4 217.8 222.7 150.0 142.1 139.5 136.9 16.9 15.4 13.9 16.4 4.6 1.1 2.5 1.9 113.6 112.6 116.8 118.7 109.0 111.5 114.3 116.8 550.3 554.9 552.2 549.5 289.2 288.4 282.9 277.4 261.1 266.5 269.3 272.2 2,298.1 2,317.8 2,345.9 2,348.7 2,310.4 2,332.1 2,357.3 2,363.2 2,333.2 2,350.6 2,377.8 2,381.8 10.8 3.2 4.6 .9 9.8 3.5 4.9 .5 9.6 3.8 4.4 1.0 11.0 3.0 4.7 .7 2,410.4 2,443.9 2,488.1 2,551.4 1463.4 1,480.9 1,503.1 1,540.6 152.2 152.4 157.3 162.8 602.8 609.5 617.6 637.2 708.4 719.0 728.2 740.7 407.6 407.5 418.1 418.9 236.4 245.9 255.0 265.0 137.2 138.3 138.5 135.2 34.0 23.4 24.6 18.6 -7.5 -5.0 -7.8 -5.3 105.2 121.0 119.0 127.1 112.7 125.9 126.8 132.4 547.0 560.5 574.7 597.2 272.6 278.9 285.2 303.4 274.4 281.5 289.5 293.8 2,376.4 2,420.6 2,463.5 2,532.8 2,418.0 2,448.9 2,495.9 2,556.7 2,429.5 2,463.7 2,506.4 2,568.0 7.9 5.7 7.4 10.6 4.8 7.6 7.3 11.7 9.6 5.2 7.9 10.1 8.3 5.8 7.1 10.2 2,601.8 2,606.7 2,634.7 2,646.1 1,559.6 1,566.1 1,582.0 1,587.6 169.9 162.0 166.3 166.0 641.9 647.2 651.7 649.4 747.9 756.9 764.0 772.2 449.5 435.9 435.1 431.4 275.0 276.8 279.2 275.8 138.4 127.0 122.9 109.9 36.1 32.1 32.9 45.7 -11.4 -16.0 -22.8 -21.7 125.2 124.3 125.5 127.9 136.5 140.3 148.3 149.6 604.0 620.7 640.5 648.8 306.2 320.5 337.1 337.9 297.9 300.2 303.3 310.9 2,565.7 2,574.6 2,601.8 2,600.4 2,613.2 2,622.7 2,657.5 2,667.8 2,618.9 2,623.7 2,651.4 2,663.4 8.1 .8 4.4 1.7 5.3 1.4 4.3 -.2 9.1 1.5 5.4 1.6 8.2 .7 4.3 1.8 2,662.1 2,673.7 2,704.9 2,720.6 1,600.2 1,620.8 1,629.4 1,639.0 162.8 170.0 168.1 167.8 655.4 659.0 658.8 662.7 781.9 791.8 802.5 808.6 411.7 406.1 424.9 431.8 271.0 269.7 268.8 273.4 106.4 118.6 124.4 131.6 34.3 17.8 31.6 26.8 -20.5 -21.1 -23.5 -29.7 131.0 129.5 128.3 131.3 151.6 150.6 151.8 161.0 670.7 668.0 674.1 679.4 356.8 352.5 357.4 357.7 313.9 315.5 316.7 321.7 2,627.8 2,655.9 2,673.2 2,693.8 2,682.6 2,694.9 2,728.4 2,750.3 2,679.2 2,690.3 2,723.3 2,738.4 2.4 1.8 4.8 2.3 4.3 4.3 2.6 3.1 2.2 1.8 5.1 3.2 2.4 1.7 5.0 2.2 2,758.0 2,802.2 2,819.1 2,824.8 1,672.9 1,696.8 1,725.2 1,735.0 178.2 182.0 189.4 188.5 675.5 683.0 692.9 692.7 819.2 831.9 842.9 853.8 433.0 447.0 442.3 438.0 280.9 275.5 277.7 286.4 132.2 135.6 138.1 139.6 20.0 36.0 26.5 12.1 -36.8 -35.7 -37.4 -40.1 134.2 137.6 146.2 142.9 170.9 173.2 183.6 183.1 688.8 694.0 689.0 691.9 362.3 361.3 352.6 352.8 326.5 332.8 336.4 339.1 2,738.0 2,766.3 2,792.7 2,812.7 2,794.7 2,837.9 2,856.5 2,864.9 2,776.2 2,820.9 2,838.3 2,843.8 5.6 6.6 2.4 .8 6.7 4.2 3.9 2.9 6.6 6.3 2.6 1.2 5.6 6.6 2.5 .8 2,867.4 2,872.5 2,887.9 2,880.6 1,754.7 1,765.1 1,775.0 1,790.1 192.0 190.9 190.6 189.7 698.7 702.3 703.8 708.0 863.9 871.8 880.6 892.4 466.2 460.6 471.0 447.4 293.1 293.8 300.9 297.7 144.3 143.2 141.9 131.3 28.9 23.7 28.2 18.5 -38.9 -44.1 -43.3 -39.8 128.4 154.5 153.1 155.0 167.3 198.6 196.3 194.8 685.3 690.9 685.2 682.9 344.9 348.2 342.8 341.0 340.4 342.7 342.4 342.0 2,838.5 2,848.8 2,859.7 2,862.2 2,906.2 2,916.6 2,931.2 2,920.4 2,886.3 2,890.7 2,905.2 2,897.9 6.2 .7 2.2 -1.0 3.7 1.5 1.5 .4 5.9 1.4 2.0 -1.5 6.1 .6 2.0 -1.0 2,872.2 2,859.4 2,896.5 2,875.3 1,800.5 1,807.5 1,824.7 1,821.2 185.2 187.3 188.2 174.2 714.6 714.0 718.0 722.3 900.7 906.2 918.5 924.7 431.3 422.7 439.3 425.6 294.3 291.6 295.4 286.4 131.9 122.8 129.5 143.2 5.1 8.4 14.4 -4.0 -36.0 -33.9 -34.4 -36.4 157.3 163.3 161.3 163.2 193.3 197.1 195.7 199.6 676.4 663.0 666.9 664.9 331.3 315.8 312.6 308.0 345.2 347.1 354.3 356.9 2,867.2 2,851.0 2,882.2 2,879.3 2,908.2 2,893.2 2,930.9 2,911.7 2,890.0 2,877.7 2,914.6 2,891.7 -1.2 -1.8 5.3 -2.9 .7 -2.2 4.4 -.4 -1.7 -2.0 5.3 -2.6 -1.1 -1.7 5.2 -3.1 2,947.1 2,953.8 2,972.8 2,986.6 1,849.9 1,863.5 1,876.9 1,904.6 193.0 197.8 203.3 211.5 724.0 724.9 724.2 729.4 932.9 940.8 949.4 963.7 472.0 482.5 488.8 482.5 289.0 292.6 292.6 296.0 151.1 166.1 174.2 181.0 31.9 23.8 21.9 5.4 -34.0 -48.8 -47.0 -53.8 162.5 162.7 171.0 151.4 196.5 211.5 218.0 205.2 659.2 656.5 654.2 653.2 300.8 295.9 293.1 287.2 358.4 360.7 361.1 366.1 2,915.2 2,930.1 2,950.8 2,981.1 2,981.0 3,002.6 3,019.8 3,040.4 2,967.0 2,975.0 2,991.9 3,006.8 10.4 .9 2.6 1.9 5.1 2.1 2.9 4.2 9.9 2.9 2.3 2.8 10.8 1.1 2.3 2.0 3,040.1 3,090.0 3,124.6 3,173.6 1,929.3 1,963.3 1,989.1 2,032.1 215.9 220.9 225.7 238.3 734.9 978.5 752.7 989.6 761.7 1,001.6 774.0 1,019.8 514.1 527.7 540.9 545.9 302.6 306.4 310.2 327.2 193.1 197.1 197.6 204.2 18.4 24.2 33.1 14.4 -61.2 -57.0 -53.9 -54.0 169.5 166.5 173.9 185.0 230.7 223.5 227.8 239.0 657.9 656.0 648.5 649.5 290.7 290.6 280.3 275.8 367.2 365.4 368.2 373.7 3,021.7 3,065.8 3,091.5 3,159.1 3,101.3 3,147.0 3,178.5 3,227.5 3,061.2 3,110.8 3,147.2 3,195.9 7.4 6.7 4.6 6.4 5.6 6.0 3.4 9.0 8.3 6.0 4.1 6.3 7.4 6.6 4.8 6.3 38 SURVEY OF CURRENT BUSINESS November 1991 Table 2.—Gross Domestic Product in Constant Dollars—Continued [Billions of 1987 dollars; quarterly data are seasonally adjusted at annual rates] Personal consumption expenditures Gross private domestic investment Year and quarter GDP Total NonDurable durable goods goods Nonresiden- dential tial Services Net exports CBI Government purchases and local imports Final sales of Gross Gross domes- domes- national tic pur- product Percent change from preceding period GDP II Ill IV 3,252.2 3,267.5 3,264.9 3,289.7 2,063.9 2,062.0 2,073.7 2,067.4 253.4 248.2 245.9 239.0 1,029.7 1,040.1 780.5 1,047.3 776.7 1,051.6 585.8 596.2 580.5 604.2 343.2 357.6 363.6 364.9 211.2 200.5 192.1 182.6 38.1 24.8 56.7 -36.6 -26.1 -23.9 200.7 209.2 212.4 219.0 250.3 245.9 238.5 242.9 652.3 645.9 636.8 642.0 276.9 270.0 256.8 257.7 375.3 375.9 380.0 384.2 3,220.9 3,229.4 3,240.1 3,233.0 3.301.9 3,304.2 3,290.9 3,313.5 3,278.4 3,295.5 3,297.7 3,322.6 10.3 1.9 II HI IV 3,259.4 3,267.6 3,239.1 3,226.4 2,050.8 2,059.0 2,065.5 2,039.9 230.9 233.5 235.3 209.1 766.3 761.2 760.7 750.9 1,053.6 1,064.3 1,069.5 1,079.9 565.1 554.6 528.5 523.7 364.0 363.3 354.9 343.7 169.3 161.5 156.0 135.6 31.9 29.8 17.6 44.4 -5.3 -4.5 -9.2 2.6 229.0 240.2 230.4 237.8 234.3 244.7 239.6 235.1 648.8 658.6 654.2 660.1 260.0 264.0 260.1 266.2 3,227.6 394.6 3,237.8 394.1 3,221.4 393.9 3,182.0 3,264.7 3,272.1 3,248.3 3,223.7 3,298.4 3,304.4 3,272.2 3,254.6 -3.6 1.0 -3.4 -1.6 II Ill IV 3,154.0 3,190.4 3,249.9 3,292.5 2,051.8 2,086.9 2,114.4 2,137.0 214.6 218.5 233.3 240.7 752.1 1,085.0 767.1 ,101.3 773.5 ,107.6 775.6 ,120.6 419.8 411.3 451.7 467.7 320.7 312.4 315.5 318.5 127.0 129.4 138.2 144.3 -28.0 -30.6 -2.0 4.9 23.3 32.7 18.4 18.2 233.9 227.7 229.7 240.2 210.7 195.0 211.4 222.0 659.2 659.5 665.4 669.7 262.0 261.5 262.6 264.6 397.1 398.0 402.8 405.1 3,181.9 3,221.0 3,251.8 3,287.7 3,130.7 3,157.7 3,231.5 3,274.4 3,177.4 3,213.9 3,275.5 3,323.6 -8.7 4.7 7.7 5.3 II Ill IV 3,356.7 3,369.2 3,381.0 3,416.3 2,179.3 2,194.7 2,213.0 2,242.0 254.0 254.4 256.2 261.0 789.2 799.3 805.2 811.6 ,136.1 ,141.0 ,151.6 ,169.4 509.4 521.8 519.2 532.1 323.6 324.9 330.8 335.7 159.0 163.6 161.2 181.8 26.9 33.3 27.2 14.7 2.8 -6.2 -8.3 -13.7 238.9 239.9 246.4 248.4 236.0 246.1 254.7 262.1 665.1 658.9 657.0 655.9 258.6 258.1 257.7 258.2 406.5 400.8 399.3 397.7 3,329.8 3,335.9 3,353.7 3,401.6 3,353.8 3,375.4 3,389.3 3,430.0 3,386.8 3,400.5 3,412.7 3,448.9 II III IV 3,466.4 3,525.0 3,574.4 3,567.2 2,271.3 2,280.8 2,302.6 2,331.6 272.3 278.1 282.1 287.3 817.8 ,181.2 815.7 ,187.0 816.7 1,203.8 829.2 1,215.1 563.6 602.7 628.3 607.1 351.6 360.5 366.6 378.5 187.1 207.9 207.7 204.8 24.9 34.3 54.0 23.8 -27.8 -25.2 -22.5 -35.9 244.0 250.8 250.5 242.1 271.8 276.0 273.0 277.9 659.2 666.7 666.0 664.3 259.4 264.2 264.3 264.3 399.9 402.5 401.7 400.0 3,441.5 3,490.7 3,520.4 3,543.4 3,494.1 3,550.2 3,596.9 3,603.0 3,591.8 3,707.0 3,735.6 3,779.6 2,347.1 2,394.0 2,404.5 2,421.6 279.0 300.4 295.2 297.0 833.5 840.9 848.0 856.9 1,234.6 1,252.8 1,261.3 1,267.7 625.4 663.6 676.2 693.1 383.1 411.0 423.0 434.3 206.3 215.6 217.9 218.2 36.0 36.9 35.3 40.6 -46.8 -26.5 -26.9 -19.2 248.7 271.6 274.5 286.0 295.6 298.1 301.4 305.2 666.1 675.9 681.8 684.1 263.5 270.4 270.3 270.1 402.6 405.4 411.5 414.0 3,555.8 3,670.1 3,700.3 3,739.0 3,780.8 3,784.3 3,807.5 3,814.6 2,437.9 2,435.4 2,454.7 2,465.4 293.8 285.9 292.4 283.8 860.5 856.6 863.5 870.8 1,283.6 1,292.8 1,298.7 1,310.9 679.0 682.3 666.5 651.1 444.1 442.9 454.7 453.4 213.2 209.8 206.7 199.7 21.7 29.7 5.0 -2.0 -17.3 -20.4 -7.3 2.8 286.5 284.9 292.9 309.9 303.8 305.3 300.2 307.1 681.2 687.0 693.6 695.3 270.4 269.9 273.5 272.9 410.8 417.1 420.1 422.4 3,830.8 3,732.6 3,733.5 3,808.5 2,464.6 2,414.2 2,440.3 2,469.2 279.7 246.3 258.4 266.6 1,315.6 1,310.4 1,326.6 1,342.8 650.4 577.5 544.3 605.5 457.7 430.7 428.2 434.7 185.6 150.4 153.4 170.0 7.1 -3.6 -37.2 .8 11.1 33.1 47.0 31.5 319.6 323.0 320.1 319.5 308.5 290.0 273.1 287.9 704.7 707.9 701.9 702.2 281.0 288.2 285.6 284.4 3,860.5 3,844.4 3,864.5 3,803.1 2,475.5 2,476.1 2,487.4 2,468.6 274.4 262.6 271.3 250.0 1,333.8 868.6 1,344.9 867.9 1,348.2 868.1 1,350.6 643.8 627.0 644.5 609.1 444.9 450.9 461.6 462.5 166.2 160.2 147.3 132.5 32.6 15.8 35.' 14.1 29.0 27.9 20.9 10.0 328.1 332.0 323.3 321.1 299.0 304.1 302.3 311.1 712.2 713.4 711.7 715.5 3,756.1 3,771.1 3,754.4 3,759.6 2,484.0 2,488.9 2,502.5 2,539.3 259 3 258.6 260.0 272.3 867.6 867.7 872.7 880.7 1,357.1 1,362.6 1,369.8 1,386.2 553.9 559.5 545.0 503.5 453.6 440.1 424.8 417. 124.8 120.8 119.5 131.2 -24.4 -1.5 -44.9 3.5 3.5 -17.7 -19.0 306.1 306.5 293.9 280.4 302.6 302.9 311.5 299.< 3,783.5 3,886.5 3,944.4 4,012.1 2,556.5 2,604.0 2,639.0 2,678.2 274.3 294.0 303.3 319.1 885.2 893.8 907.1 915.: 1,396.9 1,416.1 1,428.6 1,443.9 519/ 588.0 620.8 669.5 403.1 407.6 423.0 449.6 150.1 170.5 185.7 190.6 -33.5 9.9 12.1 -28.0 -45.9 -67.0 282.5 283.7 286.1 291.5 4,089.5 4,144.0 4,166.4 4,194.2 2,703.8 2,741.1 2,754.6 2,784.8 329.6 339.0 337.6 347.7 920.6 936.: 938.: 942.9 1,453.6 1,465.8 1,478.6 1,494. 739.9 760.6 773.1 756.' 463.7 487.2 500.4 509.6 196.4 202.4 199.7 198.8 -121.0 73.0 -127.2 47.9 -131.4 IV 4,221.8 4,254.8 4,309.0 4,333.5 2,824. 2,849.7 2,893.3 2,895.3 360.1 364.386.4 369.6 949. 955.6 961.3 968.' 1,515.5 1,529.8 1,545.6 1,557.1 732.6 748.739.6 763.1 518.8 525.8 517.: 525.5 199.0 198.9 202.' 207.4 30.2 -155.' II Ill IV 4,390.5 4,387.7 4,412.6 4,427.1 2,922.4 2,947.r 2,993.7 3,012.5 980.8 378.9 390.2 990.: 992.3 423.1 415.7 1,000.9 1,562.8 1,567.5 1,578.3 1,595.8 776.' 746.3 711.7 705.9 513.2 500.1 492.5 495.5 215.0 228.0 231.3 230.5 II HI IV 4,460.0 4,515.3 4,559. 4,625.5 3,011.5 3,046.8 3,075.8 3,074.' 389.403.1 417.' 404.7 1,005.6 1,011.3 1,012.9 1,014.6 1,616.5 1,632/ 1,645.: 1,655.5 729.3 735.' 738.' 793.8 481.1 490.7 508.6 510.6 225.' 227.7 224.3 223.3 II III IV 4,655.3 4,704.8 4,734.5 4,779.' 3,128.2 3,147.8 3,170.6 3,202.9 425.1 426.9 423.8 439.2 1,023.5 1,031.0 1,039.3 1,046.8 1,679.6 1,690.0 1,707.5 1,716.9 756.9 769.' 782.2 785.0 517.7 531.535.2 538.8 1989:I . II in IV 4,809.8 4,832.4,845.6 4,859.7 3,200.9 3,208.6 3,241. 3,241.6 433.6 439.9 454.3 435.6 1,047.1 1,043.3 1,051.1,055.3 1,720.3 1,725.1,735.4 1,750.7 803.2 797.776.8 779.2 4,880.8 4,900.3 4,903.3 4,855. 3,258. 3,258. 3,281.2 3,251.8 452.' 438.' 440.3 424.0 1,054.4 1,050.3 1,053.7 1,044.7 1,751.8 1,769.6 1,787.3 1,783.1 754.9 766.0 760.3 696.1 1974:1 1975:I 1976:1 1977:I 1978:I „ ri".!"".!""!""."""".'. in IV 1979:I ii in IV 1980:1 II in IV 1981:I II m IV 1982:I II in IV 1983:I II in .. IV 1984:1 II m iv 1985:1i » II HI 1987:I 1988:I 855.3 GNP -L6 2.8 10.7 2.1 .3 3.1 -5.8 .9 -2.9 -3.0 -2.9 .7 -3.8 -2.1 0 5.0 3.9 4.5 -11.0 3.5 9.7 5.4 -9.2 4.7 7.9 6.0 8.0 1.5 1.4 4.2 5.2 .7 2.2 5.8 10.1 2.6 1.7 4.9 1 3,503.9 3,561.7 3,610.8 3,599.3 6.0 6.9 5.7 4.8 5.8 3.4 2.6 7.7 6.6 5.4 .7 1.4 4.3 6.5 6.8 5.6 -1.3 3,638.6 3,733.5 3,762.5 3,798.8 3,629.1 3,737.9 3,769.8 3,819.3 2.8 13.5 3.1 4.8 1.4 13.5 3.3 4.2 4.0 10.8 3.1 3.9 3.4 12.5 3.5 5.4 3,759.1 3,754.6 3,802.5 3,816.7 3,798.1 3,804.7 3,814.8 3,811.9 3,821.: 3,829.8 3,862.0 3,868.3 .1 .4 2.5 .7 5.2 1.5 -.1 .7 1.1 .2 .9 3.4 .7 423.7 419.7 416.2 417.8 3,823.7 3,736.2 3,770.7 3,807.7 3,819.7 3,699.5 3,686.5 3,776.9 3,884.6 3,782.3 3,780.5 3,846.2 -9.9 .1 .8 -12.0 -1.4 1.7 -10.1 -.2 7.1 290.6 297.3 297.5 297.9 421.6 416.2 414.2 417.5 3,827.9 3,828.6 3,828.8 3,789.0 3,831.5 3,816.5 3,843.6 3,793.1 3,901.6 3,882.8 3,904.9 3,848.5 5.6 -1 2.1 -6.2 0 -4.1 5.9 -1.6 2.9 -5.2 5.9 -1.9 2.3 -5.7 714.7 719. 724.6 735.9 299.5 301.6 307.0 . 316.0 415.2 417.6 417.6 419.9 3,780.6 3,772.6 3,753.7 3,804.5 3,752.6 3,767.6 3,772.1 3,778.6 3,793.0 3,810.3 3,789.3,791.7 1.6 -1.8 .6 -.8 -2.0 5.5 310.5 329.5 353.1 375.1 735.3 740.4 751.5 748.1 315.5 319. 326.3 322.2 419.8 421.2 425.3 425.9 3,817.0 3,876.6 3,932.3 3,982.8 3,811.5 3,932.3 4,011.4 4,095.8 3,816.5 3,916.7 3,978.8 4,046.6 2.6 11.3 6.1 7.0 3.5 13.3 2.6 10.9 6.5 7,0 298.0 303.9 308.: 312.8 406.3 424.9 435.4 444.2 754.1 763.3 766.0 784.3 323.8 329.6 328.' 341." 430.4 433.' 437.3 442.6 4,009.6 4,073.1 4,093.5 4,146. 4,197.9 4,265.0 4,293.6 4,325.5 4,119.: 4,169.4 4,193.0 4,216. 7.9 5.4 2.2 2.7 1.3 6, 5.9 5.2 2.' 6.5 2.0 5.2 10.' 6.5 2.7 3.0 7.4 5.0 2.3 2.3 310.9 309.8 304.3 312.0 438.1 459.0 454.0 467.- 791.5 805.8 825.7 830.5 343.4 350.0 363.5 363.7 448.1 455.8 462.2 466.7 4,207.1 4,231.0 4,289.2 4,303.3 4,349.0 4,404.0 4,458.6 4,488.9 4,238.1 4,270.5 4,321.8 4,349.5 2.' 3.2 5.2 2.3 6.0 2.3 5.6 1.3 2.2 5.2 5.1 2.7 2.1 3.1 4.9 2.6 320.9 323.9 330.6 342.9 464.0 480.9 494.9 498.9 834.9 850.6 871.6 864.8 359.4 369.7 385.5 377.5 475.. 480.9 486.0 487.3 4,342.4 4,369. 4,424.7 4,447.2 4,533.6 4,544.7 4,577.0 4,583.1 4,406.4,394.1 4,422.3 4,430.8 3/ 2.5 5. 2.C 4.0 1-0 2.9 5.3 -1.1 2.5 .8 -139.8 59.9 -136.0 342.1 356.5 371.5 386.1 492.: 502.' 511.3 522. 869.1 879.0 884.9 893.0 376.8 384.5 386.8 391.6 492.3 494.6 498.1 501.4 4,437.5 4,497.9 4,553.9 4,565.6 4,610.0 4,661.6 4,699.1 4,761.5 4,463.9 4,517.8 4,563.1 4.633.C 3.0 4.9 4.1 6.2 220.0 222.0 223.5 225.3 20.9 -102.7 407.1 417.2 424.1 438.2 520.5 515.2 526. 540.! 883.' 885.6 883.7 894.5 379.7 377.2 373.7 378.- 503.9 4,636.2 4,768.7 508.3 4,688.7 4,802.8 4,710.9 4,836> 4,758.7 4,882.< 4,667.: 4,710.: 4,738.' 4.789.C 3.0 3.8 2.4 4.3 540.0 543.6 544.' 541.: 221.9 215.0 211.9 207. 41.2 38.9 20.2 30.0 -81.2 -71.9 -79.8 -70.0 451.2 469.5 470.5 485.8 532.4 541.3 550.3 555.' 886.9 898.3 907.4 908.9 369.1 376.2 380.9 373.9 4,768.5 4,891.0 4,813. 522.1 4,793.5 4,904.3 4,831.6 526.4 4,825.< 4,925.4 4,847. 534.9 4,829.7 4,929r 4,869. 2.1 1.5 1.4 1.8 550.7 544.3 555.5 544.5 199.5 190.9 183.3 -4.0 22. 13.9 -31.2 -56.0 -52.5 -65.' -31.2 496.2 502.1 501.6 522.5 552.2 554.5 567.4 553.' 923.0 928. 927.5 937.9 379.3 383.3 378. 382.6 543.' 4,884.8 4,936.8 4,890.2 544.8 4,878. 4,952.7 4,901.2 549. 4,889.4 4,969. 4,909. 4,886.: 4,886.: 4,877. 48.1 -143.1 NOTE.—GDP=Gross domestic product; CBI=Change in business inventories; GNP=Gross national product Final Gross sales of domesdomes- tic purtic chases product 3.1 8.1 1.1 1.3 -.9 -.7 1.3 -2.0 -4.8 1.7 U -3.*9 -8'.8 3.7 4.0 9.5 -5.6 1.8 -2.2 .2 1 1.3 -6.5 1.7 .9 .7 -2.5 39 SURVEY OF CURRENT BUSINESS November 1991 Table 3.—National Income and Disposition of Personal Income [Billions of dollars; quarterly data are seasonally adjusted at annual rates] Compensation of employees Year and quarter National income Total SuppleWages ments to and sala- wages and salaries ries Proprietors' income with IVA and CCAdj. Farm Rental income of persons with Nonfarm CCAdj. Corporate profits with IVA and CCAdj. Total IVA CCAdj. Profits before Profits aftertax Less: Personal Less: Equals: Net in- Personal tax and Equals' Personal Personal DPI terest income nontax outlays saving payments Saving DPI in as per- constant centage (1987) of DPI dollars 410.1 281.2 259.8 21.4 10.7 41.1 14.7 52.3 -.8 53.4 29.7 10.2 391.2 44.5 346.7 324.7 22.0 1,284.9 425.7 440.5 474.5 501.5 539.1 296.7 305.6 327.4 345.5 371.0 272.8 280.5 299.3 314.8 337.7 23.8 25.1 28.1 30.7 33.2 11.2 11.9 11.9 11.8 10.6 40.6 42.4 44.5 45.9 49.8 15.3 15.8 16.5 17.1 17.3 50.7 51.6 59.6 65.1 72.1 -.3 .3 3.2 3.9 4.6 51.1 51.0 56.4 61.2 68.0 28.4 28.2 32.4 34.9 40.0 11.2 13.1 14.6 16.1 18.2 409.2 426.5 453.4 476.4 510.7 48.7 50.3 54.8 58.0 56.0 360.5 376.2 398.7 418.4 454.7 339.9 351.3 372.8 393.7 423.1 20.6 24.9 25.9 24.6 31.6 1,313.0 1,356.4 1,414.8 1,461.1 1,562.2 586.9 643.7 679.9 741.0 798.6 399.8 443.0 475.5 524.7 578.4 363.7 400.3 428.9 471.9 518.3 36.1 42.7 46.6 52.8 60.1 12.9 14.0 12.7 12.7 14.4 52.1 55.3 58.2 62.4 64.5 18.0 18.5 19.4 18.2 18.0 82.9 88.6 86.0 92.6 89.6 -1.: -2.1 -1.6 -3.7 -5.9 5.3 5.6 5.7 5.6 6.4 78.8 85.1 81.8 90.6 89.0 47.9 51.4 49.2 51.2 49.4 21.1 24.3 28.1 30.4 33.6 552.9 601.7 646.5 709.9 773.7 61.9 71.0 77.9 92.1 109.9 491.0 530.7 568.6 617.8 663.8 456.4 494.3 522.8 573.9 620.4 34.6 36.4 45.9 43.9 43.4 833.5 899.5 992.9 1,119.5 1,198.8 618.3 659.4 726.2 812.8 891.3 551.5 584.5 638.7 708.6 772.2 66.8 74.9 87.6 104.2 119.1 14.6 15.2 19.1 32.2 25.5 65.3 70.9 78.3 84.3 89.8 17.8 18.2 16.8 17.3 15.8 77.5 90.3 103.2 116.4 104.5 -6.6 -4.6 -6.6 -20.0 -39.5 5.6 4.8 5.3 5.5 1.2 78.4 90.1 104.5 130.9 142.8 44.0 52.4 62.6 81.6 91.0 40.0 45.4 49.3 56.5 71.8 831.0 893.5 980.5 1,098.7 1,205.7 109.0 108.7 132.0 140.6 159.1 722.0 784.9 848.5 958.1 1,046.5 664.4 719.3 788.6 871.9 953.0 57.6 65.5 59.9 86.2 93.5 1,285.3 1,435.5 1,609.1 1,829.8 2,038.9 948.7 1,058.3 1,177.3 1,333.0 1,496.4 814.7 899.6 994.0 1,120.9 1,255.3 134.0 158.7 183.3 212.1 241.1 23.7 18.3 17.1 21.5 24.7 97.5 114.6 129.4 146.2 157.0 13.5 12.1 9.0 8.9 8.4 121.9 147.1 175.7 199.7 202.5 -11.0 -14.9 -16.6 -25.0 -41.6 -7.6 -11.7 -11.0 -13.1 -17.3 140.4 173.7 203.3 237.9 261.4 89.5 109.5 130.3 154.4 173.4 80.0 85.1 100.7 120.5 149.9 1,307.3 1,446.3 1,601.3 1,807.9 2,033.1 156.4 182.3 210.0 240.1 280.2 1,150.9 1,264.0 1,391.3 1,567.8 1,753.0 1,050.4 1,170.7 1,303.1 1,459.6 1,629.3 100.4 93.2 88.1 108.1 123.7 2,355.4 2,440.9 2,512.6 2,638.4 2,710.1 2,198.2 2,432.5 2,522.5 2,720.8 3,058.3 1,644.4 1,815.5 1,916.0 2,029.4 2,226.9 1,376.6 1,515.6 1,593.3 1,684.2 1,850.0 267.8 299.8 322.7 345.2 376.9 11.5 21.2 13.5 2.4 21.3 160.3 159.6 157.3 184.3 214.7 13.2 20.8 21.9 22.1 23.3 177.7 182.0 151.5 212.7 264.2 -43.0 -25.7 -9.9 -8.5 -4.1 -20.2 -21.2 -14.9 10.4 27.8 240.9 228.9 176.3 210.7 240.5 156.1 147.8 113.2 133.5 146.4 191.2 233.4 262.4 270.0 307.9 2,265.4 2,534.7 2,690.9 2,862.5 3,154.6 312.4 360.2 371.4 368.8 395.1 1,952.9 2,174.5 2,319.6 2,493.7 2,759.5 1,798.6 1,982.1 2,119.6 2,324.7 2,537.2 154.3 192.4 200.0 169.1 222.3 2,733.6 2,795.8 2,820.4 2,893.6 3,080.1 3,268.4 3,437.9 3,692.3 4,002.6 4,244.7 2,382.8 1,986.3 2,523.8 2,105.4 2,698.7 2,261.2 2,921.3 2,443.0 3,101.3 2,585.8 396.5 418.4 437.4 478.3 515.5 21.5 22.3 31.3 30.9 41.4 238.4 261.5 279.0 293.4 305.5 18.7 8.7 3.2 4.3 -7.9 280.8 271.6 319.8 365.0 351.7 2 9.7 -14.5 -27.3 -17.5 55.5 44.1 46.4 44.7 24.7 225.0 217.8 287.9 347.5 344.5 128.5 111.3 160.8 210.5 206.6 326.2 350.2 360.4 387.7 452.6 3,379.8 3,590.4 3,802.0 4,075.9 4,380.2 436.8 459.0 512.5 527.7 591.7 2,943.0 3,131.5 3,289.5 3,548.2 3,788.6 2,753.2 2,943.6 3,146.9 3,392.0 3,621.6 189.8 187.8 142.6 156.2 166.9 3,162.1 3,261.9 3,289.6 3,404.3 3,471.2 4,459.6 3,290.3 2,738.9 551.4 42.5 330.7 -12.9 319.0 -14.2 332.3 197.0 490.1 4,679.8 621.0 4,058.8 3,852.2 206.6 3,538.3 402.0 414.7 409.8 414.2 274.8 281.9 282.5 285.8 254.0 260.5 260.9 263.9 20.8 21.3 21.7 21.9 11.4 10.6 10.0 10.7 40.2 41.3 41.5 41.2 14.1 14.5 14.9 15.2 51.3 56.2 50.7 50.9 -.6 -1.0 -.3 .8 -1.1 -.6 -.9 -.7 53.0 57.8 51.9 50.8 29.6 32.2 28.9 28.3 10.1 10.2 10.2 10.4 382.4 390.9 392.9 398.5 42.8 44.1 44.9 46.0 339.5 346.8 348.0 352.4 316.7 322.8 328.4 330.7 22.8 24.0 19.6 21.7 6.9 5.6 6.2 1,267.7 1,288.4 1,285.1 1,298.2 426.1 425.8 426.4 424.6 294.2 297.1 297.9 297.4 270.7 273.4 273.9 273.3 23.5 23.8 24.0 24.1 10.0 11.1 11.6 12.2 40.9 40.8 40.4 40.3 15.2 15.3 15.4 15.5 54.9 50.8 49.8 47.4 -.9 -.6 .5 .3 -.4 -.3 -.2 -.1 56.1 51.7 49.4 47.3 31.1 28.7 27.5 26.5 10.8 10.7 11.3 11.8 404.4 408.9 411. 412.6 47.7 48.7 49.1 49.4 356.7 360.2 362.0 363.1 334.5 340.8 341.0 343.3 22.2 19.5 21.0 19.8 6.2 5.4 5.8 5.5 1,309.4 1,314.4 1,314.4 1,313.8 425.8 435.2 444.1 456.7 298.3 302.4 307.4 314.1 273.7 277.6 282.2 288.4 24.5 24.8 25.2 25.7 12.1 11.4 11.7 12.4 41.4 42.2 42.8 43.4 15.6 15.8 15.9 16.1 46.3 50.6 52.8 56.6 -.1 1.0 .3 -.2 A A .3 46.4 49.2 52.1 56.4 25.8 27.2 28.8 31.1 12.2 12.9 13.4 14.1 416.3 422.2 429.4 438.2 49.6 49.9 50.5 51.3 366.8 372.3 378.8 386.9 344.1 349.1 352.2 359.7 22.6 23.2 26.6 27.3 6.2 6.2 7.0 7.0 1,328.2 1,347.6 1,362.6 1,387.2 465.3 471.8 477.0 483.8 320.6 326.6 329;5 333.0 293.2 298.7 301.1 304.2 27.4 27.9 28.3 28.8 12.1 11.7 11.7 12.2 43.9 44.5 44.9 44.9 16.2 16.3 16.6 16.9 59.0 58.3 59.4 61.6 .4 -.1 3.0 3.1 3.2 3.3 55.5 55.3 56.9 57.8 31.7 31.7 32.7 33.5 13.6 14.5 14.9 15.3 443.7 451.3 456.5 462.1 52.4 54.2 55.5 56.9 391.3 397.1 400.9 405.2 364.2 370.5 374.9 381.5 27.1 26.6 26.0 23.8 6.9 6.7 6.5 5.9 1,399.0 1,410.9 1,420.6 1,428.8 488.7 497.6 504.9 514.7 337.9 342.6 347.7 353.9 307.9 312.3 316.8 322.2 30.0 30.3 30.9 31.7 11.9 11.5 11.6 12.1 45.0 45.4 46.1 47.0 17.0 17.2 17.0 17.2 61.7 65.0 66.2 67.7 1.0 .2 -.2 3.4 3.9 4.0 4.4 57.3 60.8 62.4 64.1 32.9 34.7 35.6 36.6 15.3 15.7 16.4 16.9 466.8 471.8 478.6 488.1 57.4 57.8 58.2 58.6 409.4 414.0 420.4 429.6 385.3 389.9 397.4 402.3 24.1 24.1 23.1 27.3 5.9 5.8 5.5 6.4 1,438.9 1,449.3 1,464.8 1,491.4 526.1 534.4 544.5 551.4 360.3 367.7 375.0 38LO 328.2 334.8 341.4 346.7 32.1 32.9 33.6 34.3 10.7 10.0 10.2 11.7 48.5 49.8 50.5 50.6 17.4 17.3 .17.3 17.3 71.9 71.7 72.8 71.9 -.2 -.1 -.9 -.7 4.6 4.4 4.7 4.5 67.5 67.5 69.1 68.0 39.7 39.6 40.6 40.1 17.4 17.9 18.6 18.9 497.0 505.7 515.4 524.6 57.3 53.7 55.6 57.3 439.7 452.0 459,8 467.2 411.9 419.9 429.0 431.7 27.9 32.1 30.8 35.6 568.1 579.6 590.7 609.1 387.6 394.4 402.6 414.6 352.8 358.8 366.2 377.1 34.9 35.6 36.5 37.5 11.9 12.7 13.2 13.9 51.0 51.6 52.2 53.6 17.6 18.0 18.1 18.3 79.7 81.9 82.9 87.0 -.4 -1.1 -1.5 -1.9 4.9 5.3 5.6 5.4 75.2 77.7 78.8 83.6 45.8 47.4 48.0 50.7 20.2 21.0 21.6 21.7 534.8 544.8 559.0 572.9 61.1 62.4 61.2 62.7 473.7 482.4 497.8 510.2 442.5 450.0 459.4 473.7 31.2 32.5 38.4 36.4 628.7 637.2 648.5 660.3 426.9 438.1 449.2 457.6 385.7 395.9 406.1 413.4 41.2 42.2 43.1 44.2 15.6 13.4 13.4 13.6 54.7 54.9 55.5 56.2 18.5 18.3 18.5 18.6 90.2 88.7 87.1 88.3 -1.2 -2.7 -3.6 -1.0 5.6 5.5 5.6 5.7 85.7 85.9 85.2 83.5 51.8 51.9 51.5 50.5 22.8 23.8 24.7 25.9 584.3 593.9 607.5 621.1 66.1 70.2 72.5 75.2 518.2 523.7 535.0 546.0 484.2 489.5 498.9 504.7 34.0 34.2 36.1 41.3 1,713.0 1,720.2 1,741.2 1,762.9 664.8 670.7 684.7 699.3 463.9 469.4 479.0 489.8 418.8 423.5 431.9 441.5 45.1 45.8 47.0 48.3 12.5 12.0 12.9 13.3 57.2 57.8 59.0 58.9 19.1 19.7 19.7 19.3 85.4 84.3 85.5 88.6 -.4 -1.3 -1.7 -2.8 5.5 5.6 5.9 5.9 80.3 80.0 81.3 85.5 48.1 48.1 49.1 51.4 26.7 27.6 28.5 29.4 631.1 638.6 652.3 664.0 76.0 75.7 78.9 555.0 562.9 573.4 583.3 509.8 519.8 527.0 534.6 45.3 43.1 46.4 48.7 1,788.6 1,802.6 1,819.5 1,834.9 715.5 733.9 749.6 764.9 504.5 518.0 531.9 544.5 454.1 465.9 478.3 489.3 50.4 52.1 53.6 55.1 12.6 12.0 12.5 13.6 60.4 62.1 63.3 63.8 18.5 18.3 18.2 17.9 89.5 93.1 93.2 94.5 -4.7 -2.9 -3.0 -4.1 5.7 5.7 5.5 5.6 88.5 90.3 90.6 93.0 49.9 51.0 51.2 52.7 29.9 30.5 30.5 30.7 682.4 702.0 719.6 735.4 83.3 86.7 97.1 101.3 599.2 615.3 622.5 634.1 553.0 567.1 583.4 592.1 46.2 48.2 39.2 42.1 778.1 791.7 808.0 816.5 556.6 570.4 587.4 599.1 499.0 51L3 526.3 536.4 57.6 59.1 61.0 62.7 12.8 13.7 14.5 16.8 64.4 64.8 64.9 63.9 17.9 18.3 18.1 17.8 94.2 91.4 88.9 84.0 -4.9 -5.2 -4.9 -8.4 6.2 6.4 6.6 6.5 93.0 90.2 87.2 85.8 51.7 50.0 48.4 47.4 32.2 33.1 34.2 35.0 747.4 764.9 783.8 798.7 107.9 111.2 109.5 111.0 639.5 653.7 674.3 687.7 603.9 615.1 625.2 637.3 35.6 38.6 49.1 50.4 1,908.5 1,927.9 1,967.8 1,985.6 819.7 829.5 841.6 843.1 609.5 615.0 623.4 625.2 545.0 549.0 555.6 556.3 64.5 66.0 67.8 69.0 15.5 13.5 14.2 15.0 64.0 64.6 65.8 66.9 17.6 17.7 17.4 18.3 76.3 79.8 79.4 74.5 -8.8 -4.6 -62 H5.6 6.2 5.7 5.4 5.2 78.9 78.7 80.2 75.9 44.7 44.4 44.9 42.1 36.7 39.0 41.4 43.1 827.9 839.0 849.0 110.4 111.4 106.5 107.6 697.7 716.5 732.5 741.5 648.7 658.9 671.5 678.4 49.0 57.5 61.0 63.0 1,990.6 2,020.1 2,045.3 2,045.2 874.4 891.3 906.4 925.9 642.2 654.1 664.5 676.7 570.1 580.2 588.6 598.9 72.2 73.9 75.9 77.7 14.7 14.2 14.6 17.5 67.9 70.1 71.9 73.8 18.0 18.5 18.4 18.0 87.3 89.2 91.1 93.7 -3.6 -4.7 -5.6 -4.5 4.8 4.9 4.9 4.6 86.1 88.9 91.7 93.6 48.8 50.7 54.2 55.7 44.3 45.3 46.0 46.2 866.3 887.8 901.3 918.7 104.4 106.9 108.9 114.5 761.9 780.9 792.4 804.2 698.0 712.4 725.2 741.8 63.9 68.5 67.2 62.4 955.5 971.0 1,001.6 1,043.3 701.4 716.9 731.2 755.4 617.8 630.4 642.3 664.2 83.6 86.5 88.9 91.3 15.0 16.6 19.9 24.9 75.3 76.3 79.6 82.2 18.6 14.2 16.9 17.4 98.8 99.1 103.8 110.9 -5.8 -5.8 -5.8 -9.0 5.2 4.6 5.3 5.9 99.4 100.4 104.3 114.0 59.4 60.1 62.8 68.3 46.5 47.9 50.1 52.5 945.0 959.7 987.3 1,029.9 129.0 130.9 132.3 135.8 816.0 828.8 855.0 894.1 759.2 777.7 796.2 821.4 56.8 51.1 58.8 72.8 2,129.7 2,149.1 2,193.9 2,272.0 1,080.8 1,098.6 1,127.0 1,171.7 783.5 802.4 821.4 844.0 683.2 700.0 716.1 735.3 100.3 102.4 105.3 108.7 23.4 28.4 32.0 45.1 85.3 82.9 84.1 84.8 16.5 16.5 17.2 18.9 117.9 114.4 115.3 118.2 -16.1 -21.7 -19.0 -23.4 5.7 5.2 5.0 6.1 128.3 130.8 129.3 135.4 79.1 81.2 81.3 85.0| 54.1 54.0 57.0 60.8| 1,053.7 1,078.6 1,108.5 1,153.9| 135.2 136.8 141.9 148.3 918.5 941.8 966.5 1,005.7 846.3 861.9 881.1 898.2| 72.2 79.8 85.4 107.4 2,300.7 2,315.2 2.337.9 2,382.7 8.1 8.3 1,653.5 1,734.3 1,811.4 1,886.8 1,947.4 2,025.3 2,099.9 2,186.2 2,334.1 2,317.0 1,519.2 1,555.9 1,576.5 1,597.2 7.7 8.3 7.8 8.5 1,607.6 1,630.5 1,672.7 1,703.0 1,859.6 1,889.4 1,889.9 1,908.2 2,073.9 2,098.0 2,106.6 2,121.1 40 SURVEY OF CURRENT BUSINESS November 1991 Table 3.—National Income and Disposition of Personal Income—Continued [Billions of dollars; quarterly data are seasonally adjusted at annual rates] Compensation of employees Year and quarter 1974:I National income Total SuppleWages mcnts to and sala- wages and salaries Proprietors' income with IVA and CCAdj. Farm Rental income of persons with Nonfarm CCAdj. Corporate profits with IVA and CCAdj. Total IVA CCAdj. Profits before tax Profits after tax Less: Personal Equals: Less: Net in- Personal tax and Equals: Personal Personal DPI terest income nontax outlays saving payments 1,174.3 1,184.4 1,211.0 1,225.5 861.7 882.1 904.4 917.0 748.1 765.: 783.0 792.4 113.6 117.0 121.4 124.6 32.2 19.5 22.3 28.0 86.3 88.9 91.9 92.2 18.6 16.3 15.9 12.6 109.5 107.0 102.9 98.' -33.0 -38.3 -51.5 -35.0 4.6 2.7 .5 -3.2 137.8 142.6 153.9 136.9 89.0 91 97.1 86.8 66.0 70.6 73.7 77.1 1,165.5 1,185.6 1,223.9 1,247.7 151.1 157.0 162.9 165.4 1,014.3 1,028.5 1,061.0 1,082.3 915.9 944.2 972.2 979.7 1,224.6 1,251.9 1,311.3 1,353.4 919.4 931.0 957.3 987.1 791.8 800.2 821.: 845.6 127.7 130.8 136.1 141.5 20.3 20.: 26.1 28.2 93.4 95.0 99.0 102.7 13.2 13.9 13.6 13.5 100.2 112.6 134.3 140.4 -5.6 -7.0 -8.2 -9.6 118.4 126.9 154.7 161.6 75.8 81.0 97.8 103.4 78.1 79.2 81.1 81.6 1,255.1 1,284.7 1,324.8 1,364.5 166:1 1,089.0 1,154.9 1,162.8 1,196.8 1,004.3 1,033.4 1,067.7 1,096.3 1,399.9 1,419.4 1,445.4 1,477.2 1,021.9 1,045.5 1,069.6 1,096.2 871.1 889.: 908.3 929.8 150.9 156.3 161.3 166.5 21.3 17.5 17.1 17.3 110.1 113.7 115.3 119.4 13.6 12.4 11.4 11.0 151.2 146.0 146.0 145.0 -12.' -7.3 -12.: -11/ -11.6 -15.5 -15.9 -16.6 -10.9 -12.2 -12.1 -11.6 173.7 173.8 174.1 173.2 108.4 109.2 110.0 110.3 81.8 84.4 85.9 88.3 1,400.7 1,426.4 1,460.5 1,497.6 171.6 178.8 185.8 193.2 1,229.1 1,247.7 1,274.7 1,304.4 1,525.7 1,586.2 1,647.4 1,677.0 1,124.5 1,161.0 1,193.3 1.230.4 949.9 980.8 1,007.3 1,038.0 174.6 180.2 186.0 192.4 17.4 15.3 18.9 16.6 123.7 127.4 131.6 134.8 10.4 9.0 9.9 6.7 155.1 175.4 190.: 182.0 -22.3 -16.0 -10.6 -17. -11.6 -11.3 -10.1 -11.0 189.0 202.8 210.8 210.6 121.5 129/ 135.1 134.8 94.7 98.0 103.5 106.5 1,534.6 1,575.0 1,626.8 1,668.8 205.7 206.4 209.1 218.9 II III IV 1,715.4 1,813.4 1,863.2 1,927.1 1,265.8 1,316.1 1,352.8 1,397.5 1,063.1 1,106.7 1,137.9 1,176.1 202.7 209.4 214.9 221.4 17.3 23.' 23.- 137.9 146.1 148.0 152.6 8.2 7.7 10.0 9.8 174.4 201.8 206.2 216.4 -22.3 -24.9 -24.6 -28.4 -11.7 -12.8 -13.8 -14.3 208.4 239.5 244.5 259.1 137.5 154.0 158.0 167.8 111.8 118.1 122.9 129.1 1,712.3 1,783.6 1,838.8 1,896.8 II III IV 1,969.6 2,010.2 2,063.6 2,112.4 1,441.5 1,474.2 1,514.2 1,555.7 1,209.5 1,236.6 1,270.2 1,304.8 232.0 237.6 243.9 250.9 27.0 24.3 24.9 22.8 151.2 156.0 160.9 160.0 8.1 6.7 7.9 10.7 204.8 204.7 203.0 197.6 -37.3 -41.7 -45. -All -15.3 -17.2 -18.2 -18.6 257.3 263.5 266.4 258.4 168.2 174.1 178.1 173.4 136.9 144.3 152.8 165.6 1980: I II III IV 2,163.4 2,136.8 2,189.7 2,302.9 1,596.5 1,617.8 1,649.6 1,713.6 1,337.7 1,353.9 1,379.9 1,434.9 258.8 264.0 269.7 278.7 14.2 .9 11.3 19.7 161.5 157.5 158.4 163/7 13.6 9.1 12.6 17.4 196.6 163.5 167.5 183.0 -54.4 -35.0 -43.0 -39.7 -19.6 -20.4 -20.7 -20.1 270.6 218.9 231.2 242.8 174.3 144.5 151.0 154.6 1981: I II HI IV 2,378.7 2,400.3 2,475.7 2,475.3 1,766.0 1,797.3 1,835.0 1,863.6 1,473.4 1,500.3 1,532.8 1,556.0 292.6 297.0 302.2 307.6 22.8 23.3 22.3 16.4 166.8 158.7 157.9 155.1 21.3 20.1 20.1 21.9 189.8 176.4 191.8 170.1 -39.4 -25.9 -18.9 -18.6 -21.5 -21.0 -20.3 -21.9 250.7 223.3 231.0 210.6 1982: I II III IV 2,474.3 2,524.1 2,540.2 2,551.5 1,887.8 1,908.1 1,927.6 1,940.4 1,572.1 1,586.9 1,602.3 1,611.8 315.7 321.2 325.3 328.6 15.8 16.2 11.5 10.2 144.1 156.4 158.9 169.6 21.2 20.0 22.4 24.1 146.1 152.4 157.1 150.3 -12.0 -9.4 -9.8 -8.6 -19.4 -17.1 -13.4 -9.6 1983: I II ID IV 2,605.5 2,691.4 2,751.8 2,834.3 1,966.4 2,003.9 2,046.1 2,101.2 1,629.0 1,661.6 1,698.9 1,747.3 337.4 342.3 347.1 353.9 7.5 3.2 -7.5 6.3 170.8 182.4 190.0 193.8 23.5 23.3 19.3 22.2 177.5 214.6 229.5 229.1 .6 -8.4 -18.5 -7.6 1984:1 2,972.9 3,037.4 3,088.3 3,134.4 2,160.9 2,208.3 2,250.3 2,288.1 1,791.4 1,833.7 1,871.1 1,903.9 369.5 374.7 379.2 384.2 31.4 15.2 16.7 21.9 205.1 216.3 219.6 217.7 22.8 22.3 24.0 24.3 264.1 270.8 260.5 261.3 3,198.0 3,243.9 3,289.7 3,341.9 2,328.6 2,362.8 2,397.3 2,442.5 1,938.7 1,968.4 1,998.9 2,039.1 389.9 394.4 398.4 403.3 28.0 25.9 14.4 17.8 229.1 233.1 240.3 250.9 22.1 21.6 17.3 14.0 II Ill IV 3,397.4 3,423.5 3,444.9 3,486.0 2,477.5 2,499.9 2,535.2 2,582.5 2,067.4 2,085.4 2,115.0 2,153.9 410.2 414.5 420.2 428.6 12.8 32.1 20.6 23.6 258.9 260.3 265.8 260.9 II III IV 3,572.3 3,645.9 3,722.3 3,828.8 2,627.3 2,665.5 2,716.6 2,785.1 2,196.9 2,232.3 2,278.9 2,336.7 430.4 433.2 437.7 448.4 34.1 27.9 20.7 42.4 1988: I II III IV 3,888.8 3,966.3 4,027.6 4,127.6 2,834.6 2,895.4 2,950.2 3,004.9 2,371.5 2,422.9 2,467.0 2,510.6 463.1 472.5 483.2 494.3 1989: I II ID IV 4,202.6 4,230.9 4,244.7 4,300.5 3,051.8 3,081.0 3,114.9 3,157.4 2,547.8 2,569.4 2,595.8 2,630.2 1990: I II 4,395.5 4,461.0 4,475.2 4,506.8 3,216.1 3,279.9 3,325.3 3,340.0 2,675.9 2,731.6 2,769.9 2,778.3 II III . _ ^ v IV 1975: I II III IV 1976:1 JL . II III IV 1977^1 II HI TV 1978:1 1979:I II III IV 1985: I II III IV , 1986:1 1987:I in IV 8.2 88.8 102.5 DPI in constant (1987) dollars 2,334.7 2.304.5 2,315.0 2,313.7 2,282.5 2,390.3 2,359.4 2,389.4 1,131.5 1,151.8 1,181.8 1,217.8 84.6 121.5 95.: 100.5 97.6 95.9 92.8 86.6 1,328.9 1,368.6 1,417.7 1,449.8 1,255.4 1,284.5 1,316.8 1,355.9 73.6 84.1 100.9 93.9 2,463.0 2,490.3 2,541.0 2,556.2 222.3 233.4 246.9 258.0 1,490.0 1,550.2 1,592.0 1,638.8 1,387.2 1,447.5 1,482.2 1,521.7 102.9 102/ 109.8 117.2 2,587.3 2,631.9 2.653.2 2,680.9 1,947.9 1,995.1 2,063.8 2,125.7 264.6 273.0 286.1 297.1 1,683.4 1,722.2 1,777.7 1,828.6 1,563.2 1,599.3 1,653.5 1,701.0 120.1 122.9 124.2 127.6 2,699.2 2,697.6 2,715.3 2,728.1 180.9 187.9 190.3 205.6 2,190.5 2,206.0 2,281.9 2,383.2 296.8 304.9 315.7 332.3 1,893.7 1,901.1 1,966.1 2,050.9 1,751.5 1,754.8 1,812.9 1,875.4 142.2 146.3 153.3 175.5 2,742.9 2,692.0 2.722.5 2,777.0 159.5 143.7 147.6 140.3 212.0 224.6 248.6 248.2 2,453.9 2,497.5 2,580.2 2,607.1 344.4 356.9 371.7 367.9 2,109.5 2,140.6 2,208.5 2,239.2 1,929.3 1,964.0 2,008.8 2,026.3 180.3 176.7 199.6 212.9 2,783.7 2,776.7 2,814.1 2,808.8 177.4 178.9 180.3 168.6 114.4 114.0 114.6 109.9 259.3 271.0 262.6 256.8 2,626.7 2,679.9 2,710.4 2,746.8 370.2 376.5 366.8 372.1 2,256.5 2,303.4 2,343.6 2,374.7 2,064.6 2,089.4 2,133.7 2,190.4 191.9 214.0 209.8 184.2 2,795.0 2,824.8 2,829.0 2,832.6 3.4 11.1 14.3 12.9 173.5 211.9 233.7 223.8 113.6 133.0 145.7 141.6 259.7 263.9 274.5 281.8 2,772.2 2,832.7 2,879.4 2,965.8 366.4 375.4 361.8 371.6 2,405.8 2,457.3 2,517.6 2,594.3 2,226.2 2,297.7 2.357.3 2,417.6 179.6 159.6 160.4 176.7 2,843.6 2,867.0 2,903.0 2,960.6 -13.9 -7.0 1.1 3.5 19.5 23.7 30.2 37.7 258.5 254.0 229.3 220.1 155.1 152.6 141.8 136.3 288.7 304.5 317.2 321.1 3,062.1 3,121.7 3,192.1 3,242.5 378.3 387.5 401.2 413.4 2,683.9 2,734.2 2,791.0 2,829.1 2,466.1 2,520.7 2,555.8 2,606.1 217.8 213.5 235.2 223.0 266.8 277.0 294.3 284.9 -3.2 2.4 5.6 -3.8 49.2 56.7 59.2 56.9 220.8 218.0 229.5 231.8 125.2 124.8 129.8 134.2 323.5 323.4 326.1 331.9 3,313.0 3,358.0 3,391.3 3,456.7 450.1 407.1 441.1 448.8 2,862.9 2,950.9 2,950.2 3,007.9 2,671.9 2,721.6 2,791.1 2,828.2 191.0 229.3 159.1 179.7 12.2 10.7 7.0 4.7 290.1 268.7 263.1 264.6 27.7 15.4 6.6 -10.7 50.9 44.7 41.1 39.6 211.5 208.6 215.4 235.7 109.2 106.0 111.0 119.2 345.8 351.9 353.3 349.7 3,521.4 3,580.7 3,612.0 3,647.8 445.8 450.2 461.4 478.5 3.075.5 3,130.5 3,150.6 3,169.3 2,875.8 2,905.0 2,975.8 3,017.8 199.7 225.4 174.7 151.5 3,227.5 3,281.4 3,272.6 3,266.2 273.6 277.3 282.3 282.6 2.2 1.3 2.4 6.8 282.6 315.6 338.0 343.3 -10.0 -13.9 -16.1 -17.8 41.6 45.1 49.2 49.9 251.0 284.4 304.9 311.2 140.2 157.9 169.1 176.0 352.5 358.2 362.3 368.6 3,715.8 3,759.5 3,814.2 3,918.5 474.0 535.5 511.8 528.6 3,241.9 3,224.0 3,302.4 3,389.9 3,056.9 3,124.9 3,186.4 3,219.4 185.0 99.1 116.0 170.5 3,295.2 3,241.7 3,285.7 3,335.8 35.4 34.1 23.1 30.9 285.5 292.0 293.8 302.5 6.2 4.1 4.2 2.8 352.1 364.2 365.3 378.3 -26.1 -32.6 -31.7 47.4 44.8 37.9 322.1 342.9 353.0 372.2 195.5 207.2 213.4 226.0 374.9 376.5 391.1 408.1 3,967.7 4,037.9 4,102.9 4,195.2 510.8 530.4 527.7 542.0 3,456.8 3,507.6 3,575.2 3,653.2 3,294.2 3,355.2 3,422.3 3,496.2 162.6 152.3 152.9 157.0 3,380.1 3,386.3 3,407.5 3,443.1 503.9 511.6 519.1 527.2 51.5 43.8 29.6 41.0 305.5 303.2 303.2 310.2 -2.2 -6.5 -10.3 -12.5 366.2 361.0 345.0 334.7 -37.6 -15.7 -3.3 -13.5 33.2 28.7 21.4 15.4 370.5 347.9 326.9 332.8 221.3 206.2 195.7 203.0 429.9 448.4 462.4 469.6 574.3 597.6 591.8 602.9 3,729.5 3,754.2 3,799.1 3,871.4 3,535.9 3,593.4 3,656.8 3.700.4 193.7 160.8 142.2 171.0 3,473.9 3,450.9 3,466.9 3,493.0 540.1 548.3 555.4 561.6 50.9 45.3 32.4 41.2 324.9 328.8 336.5 332.7 -14.2 -17.3 -10.4 -9.5 340.2 339.8 299.8 296.1 -6.6 3.8 -32.6 -21.2 10.2 4.4 -2.71 -8.8 336.6 331.6 335.1 326.1 199.1 193.7 196.3 199.0 477.5 484.5 491.8 506.4 4,303.8 4,351.7 4,390.9 4,474.4 4,580.6 4,654.7 4,719.3 4,764.7 606.6 622.7 627.5 627.2 3,974.0 4,032.0 4,091.8 4,137.5 3,776.6 3,815.3 3,895.3 3,921.7 197.5 216.7 196.5 215.8 NOTE.—IVA=Inventory valuation adjustment; CCAdj.=Capital consumption adjustment; DPI=Disposable personal income. Saving as per- 2,424.5 2,434.9 2,444.7 2,459.5 6.8 3,033.2 3,065.9 3,102.7 3,118.5 7.8 4.8 5.2 3,123.6 3,189.6 3,156.5 3,178.7 3,531.4 3,545.3 3,547.0 3,529.5 By LARRY R. MORAN Motor Vehicles, Model Year 1991 SALES of new motor vehicles in the in 1988, slipped l 1 ^ percent in 1989, cles, and the rate of decline in sales of 2 ¥nited States fell 10 percent in model year 1991 to 12.8 million units, the lowest level since 1983. The 1991 decline—the largest since the recession year of 1982—was the third consecutive decline and the fourth since sales peaked at 16.1 million in 1986 (table I). 1 . Motor vehicle sales had decreased 4 percent in 1987, edged up 1^2 percent 1. For this article, the model year is defined as beginning on October 1 and ending on the following September 30. Thus, model year 1991 covers the fourth calendar quarter of 1990 and the first, second, and third calendar quarters of 1991. and dropped 8^2 percent in 1990. Sales of all categories of motor vehicles declined in 1991. The rate of decline in sales of imported vehicles was greater than that of domestic vehi- NOTE.—This article focuses on data for unit sales, inventories, and production mainly from Ward's Automotive Reports and the Motor Vehicle Manufacturers Association and on data for prices mainly from the Automobile Invoice Service and the Bureau of Labor Statistics, U.S. Department of Labor. These data underlie BEA's estimates of auto and truck output in the national income and product accounts. trucks was greater than that of cars. Factors affecting 1991 sales.—The 1991 decline in motor vehicle sales reflected a number of factors—both those related to general economic conditions and those that were industry specific— that have affected vehicle sales in recent years. General economic activity slowed beginning in 1989, and the economy entered a recession in 2. Sales of domestic cars and trucks consist of vehicles manufactured in North America and sold in the United States. Sales of imported cars and trucks consist of vehicles manufactured outside North America and sold in the United States. CHART 1 New Motor Vehicle Sales Million units 20 5 - I I I I ! I !! I I I I I I I I ! I I I I I I ] I l iI I I I j I I I I I i ] I I I I I II I H H I H H 0 I II III I V I II H i I V I II III I V I II III I V I II III I V I II III I V I II III I V I II ill I V I II III IV I II III I V I II III I V I II III I V I II III IV I II ill I V I II III I V I II III I V I II III IV I II III I V I II III IV I II III I V 1972 7 3 7 4 7 5 7 6 7 7 7 8 7 9 8 0 8 1 8 2 8 3 8 4 8 5 8 6 8 7 8 8 8 9 9 0 9 1 Seasonally Adjusted at Annual Rates Note.—Peak (P) indicates the end of business cycle expansion and the beginning of recession (shaded area). Trough (T) indicates the end of business cycle recession and the beginning of expansion. Business cycle peaks and troughs are designed by the National Bureau of Economic Research, Inc. Data: Motor Vehicle Manufacturers Association of the United States, Inc. and Ward's Automotive Reports, seasonally adjusted by BEA. U.S. Department of Commerce, Bureau of Economic Analysis 91-11-1 41 42 SURVEY OF CURRENT BUSINESS the third quarter of 1990; as indicated in chart 1, downturns in vehicle sales usually precede recessions. Many of the general factors usually associated with consumer expenditures for durable goods weakened throughout 1989-91. Growth in real disposable personal income (DPI) slowed to 3 percent in 1989 and to 1V2 percent in 1990, and real DPI declined lk percent in 1991. The unemployment rate, which had declined in each yearfrom1984 to 1989, increased slightly in 1990 and sharply in 1991. The Index of Consumer Sentiment (prepared by the University of Michigan's Survey Research Center) fell 5 percent in 1990 and 14 percent in 1991, to its lowest level since 1982. Several, factors specific to the motor vehicle market continued to dampen motor vehicle sales in 1991. First, owners are keeping their vehicles longer; the average age of cars on the road (estimated by the Motor Vehicle Manufacturers Association) climbed to 7.8 years—the highest level since 1950— in 1990, the most recent year for which data are available. Second, interest rates on new-car loans were generally higher in 1989-91 (chart 2). For example, interest rates on loans made by auto finance companies averaged 12 percent in 1988, 12x/2 percent in 1989 and in 1990, and 13 percent in 1991. Third, larger downpayments for newcar loans have been required in recent years. For new-car loans made by auto finance companies, the ratio of the average value of loans to the value of cars November 1991 purchased fell to 87 percent in 1991 One factor that may have restrained from 94 percent in 1988. the 1991 sales decline was manuIn addition, the 1991 decline in sales facturers' aggressive marketing promay have reflected another substantial grams. Manufacturers offered atincrease in the cost of car ownership tractive consumer sales-incentive proand a step-up in the increases in new- grams throughout most of the model car prices. The cost of car ownership year. These programs consisted of increased 11 percent in 1991 after a discount packages on options, rebates, similar increase in 1990, according to below-market financing, and dealer ina study by the American Automobile centives; rebates remained the most Association. The consumer price index frequently selected of the incentive (CPI) for new cars increased 3 percent in 1991 after increasing l 1 ^ percent in 1990. CHART 2 Although new-car prices increased Finance Terms on 48-Month more in 1991 than in 1990, the average New Car Installment Loans expenditure per new car increased less in 1991 than in 1990: Up 3 percent, Percent to $16,316, in 19913 after increasing | INTEREST RATES 5 percent in 1990. The 1991 deAuto Finance celeration in average expenditure per Companies new cars reflected a shift by consumers to purchases of smaller cars (see the discussion on purchases by size-class); this shift was partly offset by record purchases by consumers of options (such as driver-side air bags, antilock brakes, automatic transmissions, and power windows), as reported by a study by the Motor Vehicle Manufacturers Association. 14 ni 3. BEA derives the average expenditure per new car by using each model's suggested retail price (adjusted for options, discounts or premiums, and sales taxes) weighted by each model's share of sales. Movements in the BEA measure differ from movements in the newcars component of the CPI primarily because the CPI, unlike the BEA measure, is adjusted to remove the influence of quality change on prices and because the BEA measure, unlike the CPI, reflects changes in the mix of models sold and includes cars sold to businesses. 5 7 1 i m I i i i I i i i i i i iI i i i i i i i AVERAGE LENGTH TO MATURITY 51 Table 1.—Selected Motor Vehicle Indicators 1990 1987 1988 1989 1990 1991 m 49 1991 IV I II in Thousands of units (quarterly data at annual rates) New motor vehicle sales New car sales Domestic Import New truck sales Light ILZZZI Domestic Import Other Domestic car production 16,059 15,410 15,614 15,394 14,169 12,757 14,471 13,220 12,053 12,582 13,193 11,208 8,060 3,148 10,530 7,348 3,182 10,505 7,338 3,168 10,328 7,387 2,941 9,436 6,790 2,645 8,589 6,276 2,312 9,720 7,211 2,509 8,972 6,590 2,382 8,227 5,996 231 8,458 6,102 2,356 8,718 6,433 235 4,851 4,574 3,705 869 277 4,880 4,585 3,693 892 295 5,109 4,772 4,128 644 338 5,066 4,723 4,205 518 343 4,734 4,428 3,996 432 306 4,168 3,916 3,582 334 253 4,751 4,439 4,091 349 312 4,248 3.970 3,589 381 278 3,826 3,573 3,258 315 253 4,124 3,890 3,574 316 234 4,475 4,229 3,897 332 246 7,885 7,263 6,983 7,129 6,231 5,454 6,905 5,555 5,063 5,259 6,027 1.404 2.34 1.259 2.29 1.065 2.13 .964 1.90 .973 1.81 Domestic car inventories1 Domestic car inventory-sales ratio2 II I I I I I I I I I I I I i I II I I I I 47 Percent 95 LOAN-TO-VALUE RATIO 93 - 91 89 V\ \ Auto Finance Companies Dollars Average expenditure per new car3 .. Domestic 12,616 12,325 13,362 13,502 13,009 14,628 14,252 13,867 15,158 15,075 14,743 15,909 15,858 15,524 16,714 16,316 15,871 17,528 87 16,088 15,743 17,079 16,287 15,661 18,017 16,133 15,842 16,914 16,268 15,877 17,281 16,575 16,105 17,899 85 1. End of quarter, not at annual rate. 2. Ratio of end-of-quarter inventories to average monthly sales for the quarter. 3. BEA estimate based on each model's manufacturers' suggested retail price (adjusted for options, discounts or premiums, and sales taxes) weighted by each model's share of sales; not at annual rates. Source: Motor Vehicle Manufacturers Association of the United States, Inc., and Ward's Automotive Reports; data are seasonally adjusted by BEA. I \ iiililiilHljiliiilili 1986 Calendar quarter: seasonally adjusted piiiiiillfisiii Model year \ I I I I I II I I II I I I I I II \H I M 1986 1987 1988 1989 1990 1991 1. Most common interest rates (annual percentage rate) at reporting institutions. Data: Federal Reserve Board. U.S. Department ot Commerce, Bureau of Economic Analysis 91-11-2 43 SURVEY OF CURRENT BUSINESS November 1991 program choices. In addition, manufacturers offered favorable marketing programs for fleet sales to businesses. 4 Under these programs, manufacturers agreed to repurchase fleet cars that meet certain age and mileage requirements. Fleet-sales programs offered in model year 1991 had low age and mileage repurchase requirements. These low requirements probably encouraged companies with fleets to purchase new cars earlier than they otherwise would have. Industry developments.—The recent declines in motor vehicle sales led to cutbacks in production, which affected both profits and employment within the motor vehicle and equipment manufacturing industry. The industry, after recording profits for 7 years, recorded losses in model years 1990 and 1991. The number of workers employed in the industry fell to 772,500 in 1991 from 823,600 in 1990 and 867,800 in 1989; average weekly hours of production workers in the industry declined to 42.0 in 1991 from 42.6 in 1990 and 43.4 in 1989. 4. Fleet sales are sales to businesses that purchase 10 or more vehicles for rental, leasing, or commercial New Cars Most of the car models manufactured at transplants are the same as those Sales of new cars declined 9 percent previously manufactured overseas and to 8.6 million units in model year 1991 then imported. The market share of from 9.4 million in 1990. Car sales had transplant cars increased to 13^2 perdeclined 6 percent in 1987, l/2 percent cent in 1991 from 11 percent in 1990; in 1988, 1V2 percent in 1989, and 8^2 their share had been only 2^2 percent percent in 1990. in 1986. Sales of all size-classes of cars deSales of imported cars fell 12^2 perclined in 1991. The market shares cent to 2.3 million in 1991—the lowest (percent of total new-car sales) of level since 1982—from 2.6 million in luxury cars and of small cars in- 1990. Sales of these cars had decreased; the market share of large clined 10 percent in 1990 and 7 percent cars decreased and of middle-sized cars in 1989. The recent declines partly changed little. Sales of luxury cars reflected foreign manufacturers' shift declined to 1.1 million, but their mar- in production from overseas plants to ket share increased to 13 percent in transplants. The market share of im1991 from 12^2 percent in 1990. Sales ported cars declined to 27 percent in of small cars declined to 3.0 million, 1991 from 28 percent in 1990; their but their market share increased to share had peaked at 30^2 percent in 36 percent from 35x/2 percent. Sales 1987. of large cars declined to 0.7 million, and their market share declined to 8 Quarterly patterns percent from 9^2 percent. Sales of Sales of new cars fell sharply in middle-sized cars declined to 3.6 mil- the fourth quarter of 1990 and in the lion, and their market share changed first quarter of 1991, and then they little at 42x/2 percent. increased in the second and third quarDomestic car production dropped to ters (chart 4). Sales in the second 5.5 million units in 1991—the lowest level in 9 years—from 6.2 million in CHART4 1990. The drop in production resulted Retail Sales of New Cars from slumping sales and attempts by the industry to keep leaner inventories. Million units Domestic and imported car sales CHART 3 Share of New Car Sales Percent Domestic Nameplates1 U Transplants 20 - 87 88 89 90 91 1. Domestic nameplates are cars manufactured in the United States at factories owned by domestic companies. 2. Transplants are cars manufactured in the United States at factories owned by foreign companies. Note.—Based on October through September sales for each model year. Data: Motor Vehicle Manufacturers Association of the United States, Inc. and Ward's Automotive Reports. U.S. Department of Commerce, Bureau of Economic Analysis 91-11-3 Sales of domestic cars declined 7^2 percent to 6.3 million units in model year 1991 from 6.8 million in 1990. Domestic car sales had declined 8 percent in 1990 after increasing xk percent in 1989, changing little in 1988, and declining 9 percent in 1987. Domestic car sales consist of both domestic nameplate cars and transplant cars.5 Sales of domestic nameplate cars declined in 1991, and sales of transplant cars increased. Sales of domestic nameplate cars fell 11 percent to 5.1 million in 1991 after dropping 131/r2 percent in 1990. The market share of domestic nameplate cars declined to 60 percent in 1991 from 61 percent in 1990; their market share had been 69^2 percent in 1986 (chart 3). Sales of transplant cars increased 10^2 percent to 1.1 million in 1991. 1 Sales of these cars had leaped 2>%xk percent in 1990 and 24x/2 percent in 1989. 1986 1987 1988 1989 1990 Seasonally Adjusted at Annual Rates 1991 5. Domestic nameplate cars are cars manufactured in North America at factories owned by domestic comData: Motor Vehicle Manufacturers Association of the United States, Inc. panies. Transplant cars are cars manufactured in the and Ward's Automotive Reports, seasonally adjusted by BEA. United States in foreign-owned factories (known as u.S. Department of Commerce, Bureau of Economic Analysis transplants). 44 and third quarters were boosted by exceptionally attractive sales-incentive programs. Domestic cars.—In the fourth quarter of 1990, domestic car sales dropped to 6.6 million (seasonally adjusted annuaTrate) from 7.2 million in the third quarter. Several factors contributed to the decline. First, the sales-incentive programs offered to consumers by manufacturers were modest in comparison with those offered in the third quarter. Second, new-car prices increased sharply after declining in the preceding two quarters. Third, gasoline prices jumped sharply, and uncertainty about future gasoline prices was exceptionally high, reflecting the Middle East situation. Fourth, the most aggressive fleet-marketing programs ever offered by manufacturers, which began in the preceding quarter, added less to sales in the fourth quarter than in the third. The only strength in the fourth quarter was in sales of luxury cars, which increased as consumers purchased these cars before a Federal tax on luxury goods became effective on January 1, 1991. Manufacturers cut production to 5.6 million in the fourth quarter from 6.9 million in the third. This cut partly reflected manufacturers' anticipation of weak fourth-quarter sales. Inventories edged down to 1.3 million at the end of the fourth quarter from 1.4 million in the third; the inventory-sales ratio remained at 2.3, near the 2.4 ratio traditionally targeted by the industry. In the first quarter of 1991, sales fell to 6.0 million—the lowest level since the first quarter of 1983. Sales to both businesses and consumers declined. The decline in sales to businesses partly reflected fleet-marketing programs that were less attractive than those offered in the third and fourth quarters of 1990. The decline in sales to consumers reflected several factors: Sales-incentive programs were less attractive than those offered in the third and fourth quarters; newcar prices jumped sharply; and some consumers shifted purchases from new cars to used cars, particularly program cars. (Program cars are originally sold by manufacturers to businesses as part of fleets and are later repurchased by the manufacturers and sold to consumers as used cars; these cars are attractive to consumers because they have lower mileage and more options than most used cars and because they SURVEY OF CURRENT BUSINESS are less expensive than most new cars.) The supply of program cars increased in the first quarter as a result of the earlier aggressive fleet-marketing programs. Manufacturers slashed production in the first quarter to 5.1 million, the lowest level since the fourth quarter of 1982. The cut in production kept inventories low; inventories declined to 1.1 million at the end of the first quarter, and the inventory-sales ratio declined to 2.1. In the second quarter, sales edged up to 6.1 million. This small increase was more than accounted for by sales to consumers; sales to businesses declined slightly. The increase in sales to consumers reflected two factors. First, new-car prices increased modestly after jumping sharply in the first quarter; the deceleration partly reflected the effect on prices of sales-incentive programs that were more attractive than those offered in the first quarter. Second, the shift in purchases from new cars to used cars slowed. Usedcar sales declined for the first time in five quarters, partly reflecting a decline in the availability of program cars following changes in fleet-marketing programs. Production increased to 5.3 million in the second quarter. Inventories slipped to 1.0 million at the end of CHART 5 Retail Sales of New Trucks Million units Total A Light Domestic Light Imports I II 1986 I I I 11I I 1987 1988 1989 1990 1991 Seasonally Adjusted at Annual Rates Note.—Retail sales of domestic trucks are classified by gross vehicle weight as light (up to 10,000 pounds) and "other" (over 10,000 pounds). Imported trucks include imports by U.S. manufacturers. Data: Motor Vehicle Manufacturers Association of the United States, Inc. and Ward's Automotive Reports, seasonally adjusted by BEA. U.S. Department of Commerce, Bureau of Economic Analysis 91-11-5 November 1991 the second quarter, and the inventorysales ratio fell to 1.9—the lowest level in nearly 5 years. In the third quarter, sales increased to 6.4 million. The increase reflected sales-incentive programs that manufacturers again enhanced to stimulate sales. Domestic car production jumped to 6.0 million. Inventories remained at 1.0 million, and the inventory-sales ratio declined to 1.8. Imported cars .—Sales of imported cars declined in three of the four quarters of model year 1991. Sales declined to 2.4 million in the fourth quarter of 1990 and fell to 2.2 million in the first quarter of 1991—the lowest level in 9 years; sales then increased to 2.4 million in the second quarter before declining to 2.3 million in the third. Inventories of imported cars jumped sharply in the fourth quarter of 1990 and the first quarter of 1991, and then they declined in the second and third quarters. New Trucks Sales of new trucks fell 12 percent— the largest drop since the recession year of 1981—to 4.2 million units in model year 1991 after declining 6^2 percent in 1990 and 1 percent in 1989. Sales of all categories of trucks declined in 1990 and 1991. The share of total vehicle sales accounted for by trucks declined to 32^2 percent in 1991, the first decline since 1982. Sales of light trucks declined for the third 6consecutive year after seven increases. These trucks, about twothirds of which are purchased for personal use, accounted for 94 percent of total truck sales in 1991. Many of the same developments that affected car sales, such as changes in salesincentive programs, also affected light truck sales. Within light truck sales, sales of domestic trucks fell 10^2 percent to 3.6 million in 1991 after dropping 5 percent in 1990. Even so, their share of all light truck sales increased to 91^2 percent in 1991, the highest since 1978. Sales of imported light trucks plummeted 22x/2 percent to 0.3 million in 1991 after tumbling 16^2 percent in 1990, 192/2 percent in 1989, and 28 percent in 1988. These large declines, like those of imported car sales, 6. Light trucks are those with up to 10,000 pounds gross vehicle weight. These trucks include light conventional pickups, compact pickups, sport utility vehicles, and passenger vans. November 1991 partly reflected an increase in sales from transplants. Sales of "other" trucks fell 17^2 percent to 0.3 million.7 Nearly all of these trucks are purchased by businesses. The domestic models' share of all "other" truck sales has declined in recent years to roughly 90 percent in 1991. 7. "Other" trucks are those with over 10,000 pounds gross vehicle weight. These trucks range from mediumduty general delivery trucks to heavy-duty diesel tractor-trailers. SURVEY OF CURRENT BUSINESS 45 The quarterly pattern of truck sales in model year 1991 roughly mirrored that of cars sales. However, the decreases in truck sales in the fourth quarter of 1990 and in the first quarter of 1991 were steeper than the decreases in car sales, and the increases in truck sales in the second and third quarters were larger than the increases in car sales. In the fourth quarter of 1990, truck sales fell to 4.2 million from 4.8 million in the third; sales of both do- mestic light trucks and "other" trucks declined, and sales of imported light trucks increased (chart 5). In the first quarter of 1991, truck sales dropped to 3.8 million; sales of all categories of trucks declined. In the second quarter, truck sales increased to 4,1 million; sales of both domestic and imported light trucks increased, and sales of "other" trucks declined. In the third quarter, truck sales jumped to 4.5 million; sales of all categories of trucks increased. By GARY L. RUTLEDGE and MARY L. LEONARD Pollution Abatement and Control Expenditures, 1987-89 REAL spending for pollution abatement and control (PAC) increased 1.0 percent to $74.4 billion in 1989, following a 3.0-percent increase in 1988 (chart 6). Prices of PAC goods and services, as measured by the PAC fixed-weighted price index, increased 4.1 percent, following a 2.7-percent increase. Real pollution abatement (PA) expenditures also increased 1.0 percent in 1989, following a 3.0-percent increase in 1988. PA expenditures account for over nine-tenths of all PAC spending. The two components accounting for the remainder of total PAC spending are regulation and monitoring expenditures and research and development expenditures. Real spending for regulation and monitoring increased 0.7 percent, following an 8.3percent increase. Real spending for research and development increased 2.6 percent, following a 0.4-percent increase.1 NOTE.—Gary L. Rutledge, Chief of the Environmental Economics Division, supervised the preparation of the estimates. Mary L. Leonard planned and coordinated the compilation and analysis of the estimates, with the assistance of Mohamad F. Moabi and Christine R. Vogan. The preparation of estimates involved the following staff: Personal consumption— Frederick G. Kappler; business—David M. Bratton, Frederick G. Kappler, Mary L. Leonard, Nikolaos A. Stergioulas, and Howard J. White; and government—David M. Bratton, Mary L. Leonard, and Howard J. White. Shirley D. Tisdale and Sonia R. Bundy provided statistical and secretarial services, respectively. Real spending for air PAC decreased 8.9 percent in 1989. The decrease was attributable to declines in personal and business spending to purchase and operate emission abatement devices on motor vehicles. Operating expenditures dropped 48.4 percent, and purchases declined 7.0 percent. Real spending for both water PAC and solid waste disposal rose in 1989. Water PAC spending increased 5.7 percent, following a decrease of 2.6 percent in 1988. Real spending for solid waste disposal increased 10.6 percent, reflecting a large increase in business operation of plant and equipment expenditures and a moderate increase in government spending. resources (for example, plant closings due to PAC, delays in plant construction, or curtailments in the use of chemicals in manufacturing and agriculture) and (2) PAC activities that do use productive resources but that are nonmarket activities (for example, volunteer litter removal). HHHHHBHBHB CHART 6 Billion 1982$ 80 PAC EXPENDITURES Real PAC spending in 1989.—Real PAC spending increased $0.8 billion in 1989 to $74.4 billion (table 1, with detail in tables 7 and 8). The largest increase in PAC spending, $1.5 billion, was in business spending to operate plant and equipment for air PA, water PA, and solid waste disposal. Business spending to purchase such new plant and equipment also increased substantially, $1.1 billion. Government PA spending rose $0.7 billion. Table 1.—Constant-Dollar Spending for Pollution Abatement and Control in 1989 Billions of 1982 dollars 60 Pollution abatement and control Pollution abatement 40 T0talPA Water PA Air PA 20 1 1 1 i 1 I 1 1 1 1 1 1 1 1 1 11 .. Personal consumption Motor vehicle emission abatement devices Operation of motor vehicle emission abatement devices Business Capital Motor vehicle emission abatement devices '. Plant and equipment Other i Current account Operation of motor vehicle emission abatement devices . Operation of plant and Percent change from preceding year'' Level* Change from preceding year* 74.4 0.76 70.7 .69 1.0 9.2 -1.86 -16.8 Total PAC ^ £ 3 £ ^ 1. The expenditures discussed in this article are for goods and services that U.S. residents use to produce EXPENDITURES OTHER THAN PA cleaner air and water and to dispose of solid waste. PA directly reduces pollutant emissions by preventing the generation of pollutants, by recycling the pollutants, or by treating the pollutants prior to discharge. Regulation and monitoring is a government activity that stimulates and guides action to reduce pollutant Regulation and Monitoring emissions. Research and development by business and government not only supports abatement but also helps 1 1 I 1 1 1 i 1 1 i I 1 1 1 1 i 1 increase the efficiency of regulation and monitoring. PAC spending covers most, but not all, PAC activ1972 7 4 7 6 7 8 8 0 8 2 8 4 8 6 8 8 ities, which are defined as those resulting from rules, Note.—Pollution Abatement and Control (PAC) expenditures consist of policies and conventions, and formal regulations reexpenditures tor the direct abatement of pollution (PA), for regulation stricting the release of pollutants into common-property and monitoring, and for research and development. media such as the air and water. PAC spending excludes (1) PAC activities that do not use productive U.S. Department of Commerce, Bureau of Economic Analysis 91-11-6 Recent estimates Real Expenditures for Pollution Abatement and Control, 1972-89 0 46 The first section of this article examines real PAC spending in 1989, prices of PAC goods and services in 1989, and likely real PAC spending in 1990. The second section examines changes in the composition of PAC spending in 1989. 1.0 7.8 -.53 -6.3 1.3 -1.33 -49.8 47.1 15.5 1.88 .55 4.2 3.7 4.7 9.1 1.8 31.5 -.42 1.09 -.12 1.33 -8.2 13.6 -6.3 4.4 1.1 -.91 -46.4 21.5 1.55 7.8 Operation of public sewer systems Costs recovered Other 7.8 -1.4 2.5 .26 .31 0 3.5 Government Public sewer system construction Other ... •'...". 14.4 7.9 6.5 .66 .23 .43 4.8 3.0 7.1 1.3 2.4 .01 .06 .7 2.6 Regulation and monitoring Research and development P Preliminary. NOTE.—Based on tables 7 and 8. 0 Personal consumption PA expenditures, all of which is for the purchase and operation of motor vehicle emission abatement devices, decreased $1.9 billion in 1989. Purchases of these devices (for example, catalytic converters) decreased $0.5 billion; the decrease was mainly due to a fall in unit sales of vehicles. The cost of operating emission abatement devices decreased $1.3 billion. This cost consists largely of the additional cost of using unleaded, rather than leaded, gasoline in vehicles with catalytic converters. In 1989, the price gap between unleaded and leaded gasoline narrowed for the fourth consecutive year, sharply cutting the cost of operating the devices. Business PA expenditures increased $1.9 billion, to $47.1 billion. Most of Table 2.—Percent Change in Spending and Prices for Pollution Abatement and Control Change from preceding. year 1987 Total: Current dollars 1982 dollars Fixed-weighted price index .. Air: Current dollars 1982 dollars Fixed-weighted price index 1989* 1988' 3.5 -.8 2.8 5.6 3.0 2.7 6.1 1.0 4.1 -4.1 -8.3 3.0 6.6 3.6 2.2 -4.1 -8.9 4.2 Water: Current dollars 1982 dollars Fixed-weighted price index 7.8 5.5 2.3 -.5 -2.6 2.4 9.6 5.7 3.5 Solid waste: Current dollars 1982 dollars Fixed-weighted price index 13.0 8.9 3.7 17.0 12.5 4.0 16.4 10.6 5.3 r Revised. P Preliminary. NOTE.—Based on table 7. the increase was in spending on current account, which increased $1.3 billion, to $31.5 billion. Among currentaccount items, the largest increase was in PA spending on the operation of plant and equipment (particularly for water PA and solid waste disposal). PA spending on capital account increased $0.6 billion, to $15.5 billion. Government PA expenditures increased $0.7 billion, to $14.4 billion. The increase was primarily for State and local spending for solid waste disposal, although spending for the construction of public sewer systems also increased. Prices in 1989.—The fixed-weighted price index for total PAC spending increased 4.1 percent in 1989, following a 2.7-percent increase in 1988 (table 2). Price increases were higher in 1989 than in 1988 for each type of expenditure. Air PAC prices increased 4.2 percent, following a 2.2-percent increase. Water PAC prices increased 3.5 percent, following a 2.4-percent increase. Prices for solid waste disposal, which continued to increase faster than prices of air and water PAC, increased 5.3 percent, following a 4.0-percent increase. Real PAC spending in 1590.—Ac- cording to the information available in November 1991, real PAC spending in 1990 remained close to the 1989 level. Large increases in spending to operate PA plant and equipment and in spending for public sewer system construction are expected to have offset large decreases in spending to oper- Table 3.—Constant-Dollar Spending for Pollution Abatement and Control, by Sector Millions of 1982 dollars 1988' 1989* Percent change Change from preceding year 1989" 1987 Pollution abatement and control . 71,502 73,622 74381 -0.8 3.0 1.0 Personal consumption Motor vehicle emission abatement devices Operation of motor vehicle emission abatement devices . 10,305 7,349 2,955 11,042 8,370 2,672 9,184 7,843 1,341 -15.2 -9.6 -26.5 7.2 13.9 -9.6 -16.8 -6.3 Business On capital account Motor vehicle emission abatement Plant and equipment Other On current account Motor vehicle emission abatement Plant and equipment Public sewer systems * .. Other2 .. . 45,520 14,643 4,336 8,180 2,128 30,877 2,129 19,356 7,116 2,276 46,908 14,978 5,110 7,980 1,888 31,930 1,965 1.7 .5 -4.2 6.2 -8.9 19,943 7,553 2,469 48,790 15,532 4,693 9,068 1,771 33,258 1,053 21,488 7,817 2,900 6.5 6.4 -8.6 3.0 2.3 17.9 -2.4 -11.3 3.4 -7.7 3.0 6.1 8.5 4.0 3.7 -8.2 13.6 -6.2 4.2 -46.4 7.7 3.5 17.5 15,677 8,248 7,429 15,672 7,691 7,981 16,408 7,923 8,485 3.3 6.1 .5 (*) -6.8 7.4 4.7 3.0 6.3 Government Public sewer system construction Other 3 ....:.. , , 2.3 -24.8 r Revised. f Preliminary. * Less than 0.1 percent. 1. Spending to operate public sewer systems is classified in the national income and product accounts (NIPA's) as business spending. Construction of public sewer systems is classified in the NIPA's as government spending. 2. For this table, includes private spending for research and development 3. For this table, includes government spending for research and development and for regulation and monitoring. NOTE.—Based on tables 7 and 8. 47 SURVEY OF CURRENT BUSINESS November 1991 ate motor vehicle emission abatement devices. The changing composition of real PAC spending in 1989 lb highlight the changes in real spending that resulted in significant compositional shifts of PAC purchases,, real spending is organized by sector (for example, business) in tables 3 and 4 and by type (for example, air PA mobile sources) in tables 5 and 6. The sectors identified in tables 3 and 4 are in accordance with national economic accounting conventions. The types identified in tables 5 and 6 are in accordance with definitions in Federal environmental legislation.2 Spending by sector.—In 1989, the share of total PAC spending accounted for by persons declined, and the shares accounted for by business and by government increased. Personal consumption spending accounted for 12.3 percent of total PAC spending in 1989, down from 15.0 percent in 1988. The drop in share reflected the declines in purchases of motor vehicle emission abatement devices and in expenditures for the operation of these devices. Within the personal sector, the share of spending accounted for by purchases of motor vehicle emission abatement devices increased, and the share accounted for by spending to operate these devices decreased. Business spending as a share of total PAC spending increased from 63.7 percent 2. For air PA, the Clean Air Act classifies sources of pollutants as mobile (for example, automobiles) or stationary (for example, factories). For water PA, the Federal Water Pollution Control Act classifies sources of pollutants as point (for example, factories) or nonpoint (for example, highway construction projects). Table 4.—Composition of Pollution Abatement and Control Spending, by Sector 1987 1988 1989 Percent of total PAC spending Personal consumption Business Government . . 14.4 63.7 21.9 15.0 63.7 21.3 12.3 65.6 22.1 Percent of sector spending Personal consumption: Motor vehicle emission abatement • devices Operation of devices 71.3 28.7 75.8 24.2 85.4 14.6 Business: Current account Capital account 67.8 32.2 68.1 31.9 68.2 31.8 Government: Public sewer system construction Other 52.6 47.4 49.1 50.9 48.3 51.7 NOTE.—Expenditure categories above are the same as those shown in table 3. 48 SURVEY OF CURRENT BUSINESS in 1988 to 65.6 percent in 1989; compositional shifts within the sector were negligible. Government spending as a share of total PAC spending edged up from 21.3 percent in 1988 to 22.1 percent in 1989. Within the government sector, the share of spending accounted for by public sewer system construction decreased, and the share of the "other" government category increased, reflecting growth in solid waste disposal. Spending by type.—In 1989, the share of total PAC spending accounted for by air PA declined, and the shares accounted for by water PA and by solid waste disposal increased. Air PA spending as a share of total PAC spending fell from 39.5 percent in 1988 to 35.4 percent in 1989. Mobile sources as a share of total air PA decreased, and the share accounted for by stationary sources increased. Water PA spending as a share of total PAC spending in- creased about 2 percentage points to 38.7 percent; compositional shifts were negligible. Solid waste disposal spending as a share of total PAC spending increased about 2 percentage points to 22.5 percent; compositional shifts were negligible. Technical notes The estimates of PAC components are based directly on surveys or censuses or are estimated by indirect methods. Typically, PAC estimates derived from direct sources account for about three-fifths of total PAC spending. The most important direct sources are the Pollution Abatement Costs and Expenditures (PACE) Survey (for capital and operating spending by manufacturing industries), the Pollution Abatement Plant and Equipment Expenditures Survey (for capital spend- Table 5.—Constant-Dollar Spending for Pollution Abatement and Control, by Type Millions of 1982 dollars 1989" 1987 Percent change Change from preceding year 1987 Pollution abatement and control. Pollution abatement Airx Mobile sources2 Devices Operation of devices Stationary sources Facilities Industrial3 Other4 Operation of facilities .... Industrial Other5 , Water6 Point sources Facilities Industrial3 Public sewer systems . Other7 Operation of facilities .... Industrial Public sewer systems . Other5 „ Nonpoint sources Solid Industrial Other8 Other9 Regulation and monitoring Air Water Solid Other9 Research and development . Air Water Solid Other9 r . 1988" 1989" 7132 73,622 74381 -0.8 3.0 1.0 67,963 28,065 16,770 11,685 5,085 11,295 4,215 3,955 260 7,080 6,874 206 27,962 26,909 13,204 3,119 8,248 1,837 13,704 5,988 7,116 601 1,053 13,453 7,600 5,853 -1,517 69,970 29,112 18,117 13,480 4,637 10,995 4,091 3,876 215 6,904 6,684 220 27,192 26,292 12,261 2,849 7,691 1,721 14,031 5,906 7,553 572 900 15,108 8,608 6,500 -1,442 70,658 26,326 14,930 12,536 2,394 11,396 4,367 4,168 199 7,028 6,802 226 28,780 27,886 13,130 3,553 7,923 1,654 14,756 6,370 7,817 569 894 16,723 9,662 7,061 -1,171 -.8 -8.8 -14.0 -7.6 -25.8 .1 -.9 1.8 -11.3 -.3 -.3 -2.4 5.7 6.1 4.3 9.3 6.1 -9.3 7.8 11.3 6.4 -7.0 -2.4 9.3 10.6 7.7 44.2 3.0 3.7 8.0 15.4 -8.8 -2.7 -2.9 -2.0 -17.3 -2.5 -2.8 6.8 -2.8 -2.3 -7.1 -8.7 -6.8 -6.3 2.4 -1.4 6.1 -4.8 -14.5 12.3 13.3 11.1 -4.9 1.0 -9.6 -17.6 -7.0 ^8.4 3.6 6.7 7J -7.4 1.8 1.8 2.7 5.8 6.1 7.1 24.7 3.0 -3.9 5.2 7.9 3.5 -.5 -.7 10.7 12.2 8.6 -18.8 1,234 332 474 239 188 1,337 348 503 299 188 1,347 366 501 296 184 -4.4 -4.3 -3.9 -7.7 -2.1 8.3 4.8 6.1 25.1 0 .7 5.2 -.4 -1.0 -2.1 2,306 1,551 293 112 350 2,315 1,561 284 118 353 2,376 1,560 300 147 369 .6 1.0 3.9 -2.6 -2.8 .4 .6 -3.1 5.4 .9 2.6 -.1 5.6 24.6 4.5 Revised. " Preliminary. 1. The Clean Air Act classifies sources of pollutants as either mobile, such as passenger cars, or stationary, such as factories. 2. Cars and trucks only. 3. Consists of new plant and equipment expenditures for pollution abatement according to results from the plant and equipment expenditures survey by BEA through 1987. See technical note for information on 1988-89. 4. Consists of spending for fixed capital of government enterprises such as the Tennessee Valley Authority. 5. Consists of spending to operate government enterprises and all spending by government; separate data on spending to acquire and operate government pollution abatement facilities are not available. 6. The Federal Water Pollution Control Act defines point sources as facilities that discharge to a body of water through a pipe or ditch. 7. Consists of spending for private connectors to public sewer systems, capital spending by owners of feedlots, and spending for fixed capital of government enterprises such as the Tennessee Valley Authority. 8. Consists of spending by Federal, State, and local governments for the collection and disposal of solid waste and of spending by households for collection and disposal of solid waste by business. 9. Consists of "other and unallocated" spending. NOTE.—Based on tables 7 and 8. November 1991 ing totals by nonfarm business), and surveys of government finances (for government spending for sewer systems and for solid waste collection and disposal). All of these surveys are conducted by the Bureau of the Census.3 Because of a cutback in the number of industries covered by the Pollution Abatement Plant and Equipment Expenditures (P&E) Survey, BEA is experimenting with new methods for estimating nonfarm business PA capital spending. For the present article, 1987 estimates from the PA P&E survey have been brought forward using growth rates for 1988 and 1989 from a new estimation method. This method builds on manufacturing estimates of PA capital spending reported by the PACE survey. Added to the PACE survey estimates are estimates for electric utilities from the PA P&E survey and estimates fot mining and other nonmanufacturing. The latter estimates are based on indirect estimation procedures utilizing a variety of source data, including the PA P&E survey, an environmental protection expenditures survey by the American Petroleum Institute, and data from the Census of Mineral Industries. 3. For a more detailed discussion of the sources of PAC component estimates, see Kit D. Farber and Gary L. Rutledge, "Pollution Abatement and Control Expenditures, 1984-87," SURVEY OP CURRENT BUSINESS 69 (June 1989): 22-23. Table 6.—Composition of Pollution Abatement and Control Spending, by Type 1987 1988 1989 Percent of total PAC spending 39.3 39.1 18.8 Air Water Solid waste 39.5 36.9 20.5 35.4 38.7 22.5 Percent of PA-type spending Air. Mobile sources Stationary sources 59.8 40.3 62.2 37.8 56.7 43.3 Water: Point sources ... Nonpoint sources 96.2 3.8 96.7 3.3 96.9 3.1 Solid waste: Industrial Other 56.5 43.5 57.0 43.0 57.8 42.2 •. Percent of air PA spending Mobile sources: Devices Operation of devices Stationary sources: Facilities Operation of facilities 41.6 18.1 46.3 15.9 47.6 9.1 15.0 25.2 14.1 23.7 16.6 26.7 NOTE.—Expenditure categories above are the same as those shown in table 5. 49 SURVEY OF CURRENT BUSINESS November 1991 Table 7.-Expenditures for Pollution Abatement and Control in Current and Constant Dollars and Selected Fixed-Weighted Price Indexes 1987 Line Total1 Air Water 1989* 1988 ' Solid waste Other and unallocated Total1 Air Water Solid waste Other and unallocated Total1 Air Water Solid waste Other and unallocated Millions of current dollars 1 Pollution abatement and control 2 Pollution abatement 3 Personal consumption .-. 4 Durable goods 5 Nondurable goods 6 Business 7 On capital account 8 On current account 9 Private 10 Government enterprise 11 Costs recovered 12 Government 13 Federal 14 State and local 15 Government enterprise purchases of fixed capital. 16 Regulation and monitoring Federal 17 18 State and local 19 Research and development 20 Private 21 Federal 22 State and local 81,486 31,947 33,032 17,055 -548 86,063 34,053 32360 19,956 -805 91348 32,657 36,009 23,227 -545 77,319 10,872 8,640 2,231 49,620 16,609 33,011 26,532 7,939 -1,460 16,827 1,237 5,356 10,235 29,761 10,872 8,640 2,231 18,518 9,273 9,245 9,115 130 32,109 16,626 -1,177 19,429 -1.464 -1,250 13,530 1,613 11,917 11,917 -1.849 -1,595 372 80 15 111 11.116 707 452 9.958 5,057 250 4,807 318 65 10 243 io,754 5,899 300 5,599 2 -1,851 385 330 55 23,540 6,352 17,188 8,113 9,075 15,837 1,810 14,027 14,027 1 -1,460 282 200 82 21,129 5,497 15,633 7,256 8,377 30,217 10,635 9,599 1,036 19,265 10.501 8,764 8,590 173 22,642 "-IA59 86,571 10,635 9,599 1,036 57,046 18,663 38,383 30,731 9,250 -1,597 18,889 1,381 7,076 10,433 34,962 7l"569 1,392 10,177 10,176 31,740 12,043 10,036 2,007 19,379 10,388 8,991 8,830 161 31,883 20"993 5.945 15,049 1241 7,808 81.588 12.043 10.036 2,007 52,190 17,498 34,692 28,003 8,540 -1,851 17,355 1,402 6,149 9,804 317 70 12 235 11,422 731 493 10,197 6,806 300 6,506 2 -1,597 345 280 65 1,519 700 819 2,648 1,987 630 31 410 110 300 1,776 1,574 200 2 583 250 333 339 199 120 20 300 120 180 129 35 90 4 226 220 6 404 179 220 5 1,695 850 845 2,781 2,088 665 28 440 120 320 1,873 1,652 220 1 635 300 335 342 209 115 18 385 200 185 142 39 100 3 235 230 5 424 188 230 6 1,803 860 943 2,974 2,171 770 33 490 130 360 1,950 1,718 230 2 670 310 360 377 217 140 20 400 180 220 184 40 140 4 243 240 3 462 195 260 7 -1,459 707 486 9,561 -1,849 -1,595 Millions of constant (1982) dollars 23 Pollution abatement and control 24 Pollution abatement . . 25 Personal consumption 26 Durable goods 27 Nondurable goods 28 Business 29 On capital account 30 On current account 31 Private 32 Government enterprise 33 Costs recovered 34 Government 35 Federal 36 State and local 37 Government enterprise purchases of fixed capital. 38 Regulation and monitoring . 39 Federal 40 State and local 41 Research and development 42 Private 43 Federal 44 State and local 71,502 29,948 28,729 13^04 -979 73,622 31,021 27,978 15,524 -902 74381 28^51 29,581 17,166 HJ18 67,963 10,305 7,349 2,955 43,782 14,643 29,139 23,648 7,249 -1,759 13,876 1,039 4,256 8,582 28,065 10.305 7,349 2,955 17,413 8,291 9,122 9,003 119 27,962 13,453 -1,517 15,108 -1,442 -1,171 -1,750 -1,436 348 74 13 260 9,198 581 295 8,321 4,090 212 3,878 283 59 8 215 8,590 555 283 7,752 4,580 248 4,332 ""2 -1,751 308 264 44 19,914 5,213 14,701 6,873 7,828 11,703 1,458 10,245 10,245 1 -1,759 241 171 70 10,528 1,358 9,170 9.170 26,326 9 184 7,843 1.341 16,872 8,861 8,011 7,855 156 16,723 18,602 4,634 13,968 6,404 7,565 70,658 9 184 7,843 1,341 47,053 15,532 31,521 24,973 7,985 -1,438 14,422 1,070 5,166 8,187 28,780 9,363 1,199 8.164 8,164 29,112 11,042 8.370 2,672 17,788 8,987 8,801 8,649 153 27,192 18,764 5,153 13,611 6,481 7,129 69,970 11,042 8,370 2,672 45.168 14,978 30.190 24,222 7,719 -1,751 13,760 1,126 4,667 7,967 270 61 9 199 8,867 553 326 7,987 5,021 240 4,781 2 -1,438 265 215 50 1,234 585 649 2,306 1,738 543 24 332 92 240 1,551 1,377 172 2 474 209 265 293 174 103 16 239 100 139 112 31 78 3 188 184 5 350 156 190 4 1,337 680 657 2,315 1,740 554 21 348 96 252 1,561 1,377 183 1 503 240 263 284 174 96 14 299 160 139 118 32 83 2 188 184 4 353 156 192 5 1,347 652 695 2,376 1,737 616 23 366 99 267 1,560 1,375 184 1 501 235 266 300 174 112 14 296 136 159 147 32 112 3 184 182 2 369 156 208 5 118J -1,758 -1J58 -l",750 -1,436 Selected fixed-weighted price indexes 45 Pollution abatement and control 46 Pollution abatement 47 Personal consumption 48 On capital account 49 50 On current account Government 51 52 Regulation and monitoring 53 Research and development 111.9 103.9 115.3 123.5 107.7 114.9 106.2 118.1 128.5 112.9 119.6 110.7 122.2 1353 111.6 100.7 111.3 112.2 110.7 121.1 122.3 115.1 103.2 100.7 104.4 109.8 99.4 106.5 123.5 114.5 115.1 123.6 102.8 128.7 108.1 113.3 128.5 119.1 129.9 129.0 126.2 120.7 105.7 109.9 106.7 111.2 117.7 105.1 117.6 133.9 125.0 135.5 114.3 118.6 112.1 125.7 125.9 120.5 119.1 106.7 118.7 119.6 118.1 130.3 133.5 125.3 121.9 "'l23"5 116.3 124.6 123.9 121.4 116.2 105.4 102.5 106.6 113.9 99.8 112.4 126.4 120.0 117.9 "U22 115.1 110.7 121.3 122.1 115.7 114.4 102.5 113.8 115.9 112.6 125.9 126.4 120.2 118.6 121.6 117.1 128.9 133.2 125.6 135.2 124.3 136.9 135.9 133.1 125.8 111.0 100.8 117.1 122.1 116.0 Toil 125.0 127.3" 120.4 111.0 130.0 133.7 125.5 Addendum: Business capital consumption allowances (millions of dollars)4 54 Valued at replacement cost in current dollars 55 Valued at replacement cost in constant (1982) dollars. 15,057 13,455 15,885 13,856 16,565 14,165 r Revised. Preliminary. 1. Includes expenditures for air and water pollution abatement and control. Includes expenditures for solid waste collection and disposal by means acceptable to Federal, State, and local authorities. Excludes agricultural production except feedlot operations. p 2. "Other" includes expenditures for abatement and control of noise, radiation, and pesticide pollution; "unallocated" includes business expenditures not assigned to media. ... „ are attributed ,„ to the sector that performs the air or water pollution abatement or the solid r 3. Expenditures waste collection and disposal. 4 T o f a c i i i t a t e conversion of expenditures to a cost basis. 50 SURVEY OF CURRENT BUSINESS November 1991 Table 8.—Business and Government Expenditures for Air and Water Pollution in Current and Constant Dollars 1987 Total1 Air Water Total1 Air Water Water Millions of current dollars Business (line 6) On capital account (line 7) Motor vehicle emission abatement Plant and equipment expenditures2 Residential systems3 Agricultural business4 On current account (line 8) Private (line 9) Motor vehicle emission abatement .. Operation of plant and equipment2 . Residential systems3 ... Agricultural business4 . Government enterprise (line 10) . Publicly owned electric utilities . Public sewer systems5 Other Government (line 12). Federal (line 13) Federal excl. highway erosion abatement Highway erosion abatement State and local (line 14) State and local excl. highway erosion abatement Highway erosion abatement Government enterprise fixed capital (line 15) Publicly owned electric utilities , Public sewer systems5 39,511 18,518 20,993 40,508 19379 21,129 42305 15,217 5,094 7,757 2,364 3 24,294 16,356 1,645 14,084 619 8 7,938 143 7,792 3 9,273 5,094 4,179 5,945 10,388 6,121 4,267 5,497 130 130 ""6,613"" 619 8 7,808 13 7,792 3 15,884 6,121 7,650 2,110 3 24,624 16,086 1,517 13,908 653 8 8,538 173 8,363 2 6,595 653 8 8,377 12 8,363 2 16,853 5,741 9,104 2,005 4 25,952 16,703 848 15,162 684 10 9,248 184 9,061 3 11,488 372 11,116 11,072 318 10,754 11,739 317 11,422 707 700 7 452 772 765 7 496 10 486 9,804 314 9,490 65 65 707 700 7 486 801 795 6 505 12 493 10,433 314 10,119 70 70 731 725 6 493 787 780 7 467 15 452 10,235 359 9,876 9,245 9,115 1,645 7,469 15 15 277 277 3,578 2,364 3 15,049 7,241 452"" 9,958 82 9,876 8,991 8,830 1,517 7,313 161 161 10 10 243 243 3,383 2,110 3 15,633 7,256 486" 9,561 71 9,490 19,265 23,540 6,352 4,344 2,005 4 17,188 8,113 173 173 12 12 235 235 7"419 684 10 9,075 11 9,061 3 493" 10,197 78 10,119 Millions of constant (1982) dollars Business (line 28) On capital account (line 29) . Motor vehicle emission abatement _. Plant and equipment expenditures2 . Residential systems3 ... Agricultural business4 . On current account (line 30) Private (line 31) . Motor vehicle emission abatement Operation of plant and equipment2 Residential systems3 . Agricultural business4 Government enterprise (line 32) .... Publicly owned electric utilities . Public sewer systems5 Other.. Government (line 34). Federal (line 35) Federal excl. highway erosion a Highway erosion abatement ..... State and local (line 36) State and local excl. highway erosion abatement , Highway erosion abatement Government enterprise fixed capital (line 37) , Publicly owned electric utilities Public sewer systems5 , r 18,764 36^90 17,788 18,602 36,786 16^72 19,914 13,444 4,336 7,074 2,031 4 22,733 15,484 2,129 12,861 484 10 7,249 130 7,116 5,153 13,620 5,110 6,725 1,782 3 22,770 15,052 1,965 12,590 489 9 7,717 163 7,553 2 8,987 5,110 3,876 4,634 14,074 4,693 7,721 1,656 4 22,712 14,728 1,053 13,173 494 9 7,984 164 8,861 4,693 4,168 5,213 9,546 9,198 8372 283 8^590 9,136 270 8367 656 652 4 308 13 295 8,582 333 8,248 581 577 4 295 614 610 4 291 0 5 283 7,967 276 7,691 59 59 555 551 4 283 614 610 4 335 9 326 8,187 61 61 553 549 4 326 36,177 17,413 Revised. p Preliminary. 1. Consists of air and water pollution abatement expenditures only. 2. Consists of manufacturing companies and of privately and cooperatively owned electric utilities and other nonmanufacturing companies. 295" 8,321 73 8,248 8,801 8,649 1,965 6,684 „„. 153 153 8 2,849 1,782 3 13,968 6,404 5,906 489 9 7,565 10 7,553 2 0 0 215 215 283 7,752 60 7,691 8,011 7,855 1,053 6,803 156 156 7,923 6,'370" 494 9 7,828 9 7,817 2 7,817 2 264 1,656 4 14,701 6,873 199 199 "326*" 7,987 64 7,923 3. Consists of private septic systems and sewer connections linking household plumbing to street sewers. 4. Feedlot operations only; see footnote 1 to table 7. 5. Consists of treatment plants, collection sewers, interceptor sewers, pumping stations, and dry-waste disposal plants. NOTE.—Line numbers correspond to those in table 7. 51 SURVEY OF CURRENT BUSINESS November 1991 1992 Release Dates for BEA Estimates Subject Release Date* State Personal Income, 3d quarter 1991 Gross Domestic Product, 4th quarter 1991 (advance) Personal Income and Outlays, December 1991 Composite Indexes of Leading, Coincident, and Lagging Indicators, December 1991. Jan. Jan. Jan. Jan. Gross Domestic Product, 4th quarter 1991 (preliminary) . . . Feb. 28 Merchandise Trade (balance of payments basis), 4th quarter 1991. Personal Income and Outlays, January 1992 Composite Indexes of Leading, Coincident, and Lagging Indicators, January 1992. Summary of International Transactions, 4th quarter 1991 . . Gross Domestic Product, 4th quarter 1991 (final) Corporate Profits, 4th quarter 1991 (preliminary) Personal Income and Outlays, February 1992 Composite Indexes of Leading, Coincident, and Lagging Indicators, February 1992. Mar. State Personal Income, 4th quarter 1991 and Per Capita Personal Income, 1991 (preliminary). Gross Domestic Product, 1st quarter 1992 (advance) Corporate Profits, 4th quarter 1991 (revised) Personal Income and Outlays, March 1992 Composite Indexes of Leading, Coincident, and Lagging Indicators, March 1992. Metropolitan Area Personal Income, 1990 Gross Domestic Product, 1st quarter 1992 (preliminary).... Corporate Profits, 1st quarter 1992 (preliminary) 23 29 30 31 2 Mar. 2 Mar. 3 Mar. Mar. Mar. Mar. Mar. 17 26 26 27 31 Apr. 22 Apr. Apr. Apr. Apr. 28 28 29 30 May 5 May 29 May 29 Merchandise Trade (balance of payments basis), June 1 1st quarter 1992. Personal Income and Outlays, April 1992 June 1 Composite Indexes of Leading, Coincident, and Lagging June 2 Indicators, April 1992. Summary of International Transactions, 1st quarter 1992 . . June 16 Gross Domestic Product, 1st quarter 1992 (final) June 25 Corporate Profits, 1st quarter 1992 (revised) June 25 Personal Income and Outlays, May 1992 June 26 Composite Indexes of Leading, Coincident, and Lagging June 30 Indicators, May 1992. * These are target dates and are subject to revision. Subject Release Date* State Personal Income, 1st quarter 1992 Gross Domestic Product, 2d quarter 1992 (advance) . . . Personal Income and Outlays, June 1992 July 22 July 30 July 31 Composite Indexes of Leading, Coincident, and Lagging Indicators, June 1992. State Per Capita Personal Income, 1991 (revised) Gross Domestic Product, 2d quarter 1992 (preliminary).... Corporate Profits, 2d quarter 1992 (preliminary) Merchandise Trade (balance of payments basis), 2d quarter 1992. Personal Income and Outlays, July 1992 Aug. 4 Aug. Aug. Aug. Aug. 20 27 27 28 Composite Indexes of Leading, Coincident, and Lagging Indicators, July 1992. Summary of International Transactions, 2d quarter 1 9 9 2 . . . Gross Domestic Product, 2d quarter 1992 (final) Corporate Profits, 2d quarter 1992 (revised) Personal Income and Outlays, August 1992 Composite Indexes of Leading, Coincident, and Lagging Indicators, August 1992. Aug. 28 Sept. 1 Sept. Sept. Sept. Sept. Sept. 15 24 24 25 29 State Personal Income, 2d quarter 1992 Gross Domestic Product, 3d quarter 1992 (advance) Personal Income and Outlays, September 1992 Oct. 22 Oct. 27 Oct. 28 Composite Indexes of Leading, Coincident, and Lagging Indicators, September 1992. Gross Domestic Product, 3d quarter 1992 (preliminary).... Corporate Profits, 3d quarter 1992 (preliminary) Personal Income and Outlays, October 1992 Merchandise Trade (balance of payments basis), 3d quarter 1992. Nov. 3 Nov. Nov. Nov. Nov. 25 25 27 30 Composite Indexes of Leading, Coincident, and Lagging Indicators, October 1992. Summary of International Transactions, 3d quarter 1 9 9 2 . . . Gross Domestic Product, 3d quarter 1992 (final) Corporate Profits, 3d quarter 1992 (revised) Personal Income and Outlays, November 1992 Composite Indexes of Leading, Coincident, and Lagging Indicators, November 1992. Dec. Dec. Dec. Dec. Dec. Dec. For further information, call (202) 523-0777, or write to Public Information Office (BE-53), Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230. 15 22 22 23 30 BUSINESS CYCLE INDICATORS The business cycle indicator series that pertain to national income and product accounts (NIPA's) estimates have not been updated to reflect the just released comprehensive revision of the NIPA's. These series— series 50 (table on page C-2, chart on page C-14), 49 (C-2), 57 (C-2, C-11), 86 (C-3, C-17), 87 (C-3, C-17), 88 (C-3, C-17), 89 (C-3, C-18), 30 (C-3, C-18), 70 (C-3), 77 (C-3, C-12), 16 (C-3, C-19), 18 (C-3, C-19), 22 (C-3, C-19), 81 (C-3, C-19), 35 (C-3), 107 (C-4), 290 (C-4), 295 (C-4), 292 (C-4), 298 (C-4, C-22), 293 (C-4, C-22), 310 (C-4), 311 (C-4, C-22) and 564 (C-5, C-22)—will be updated next month. Data tables Footnotes for pages C-l through C-5 Charts , C-l C-6 C-7 Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources are provided through the courtesy of the compilers and are subject to their copyrights. Current and historical data for the series shown in the C-pages are available on printouts, diskettes, and the Commerce Department's Economic Bulletin Board. For more information, write to Statistical Indicators Branch, Business Outlook Division (BE-52), Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230. NOTE.—This section of the SURVEY is prepared by the Statistical Indicators Branch. Series no. Year 1990 1991 Series title and timing classification 1990 Sept | Oct. Nov. Dec. Jan. | Feb. | Mar. | Apr. | May | June | July | Aug. | Sept. | Oct 1. CYCLICAL INDICATORS 1.1 Composite Indexes The Leading Index Composite index of leading indicators, 1982-100 (L,L,L) Percent change from previous month Percent change over 1-month span, AR Percent change over 3-month span, AR ..... 144.0 -.4 -3.9 -4.0 1432 -.8 141.5 -6.8 -12.0 -13.4 -11.7 .01 -.05 0 -.12 -.15 139.9 -1.1 -12.8 -9.7 139.6 -2 -2.5 -7.4 -.08 -22 -.6 -6.7 140.4 1 141.5 is 145.5 r 1.1 '142 72 145.5 0 0 '145.3 -.1 '-1.6 7.0 7.8 10.5 '3.9 PQ 143.0 .8 9.7 ' 143.9 .6 r ' 145.5 '.1 '1.7 1.4 14.7 5.6 .03 -23 .07 -.08 -20 0 -.20 -.08 23 .15 23 .30 .10 -.07 .13 22 -.14 '0 -.06 '-.07 .03 -.32 .05 -24 -.03 -28 -.29 -.13 .22 -.20 -.07 .05 -.15 -.06 -.18 0 .06 0 -.08 25 .07 -.19 -.04 -.07 .05 -.06 .34 .11 -.12 .07 -.13 .13 .04 .02 .16 -.10 -.14 .06 .01 .10 -.14 .33 .14 .34 .01 .30 -.02 -.06 -23 -.15 '22 '.02 .01 '-.14 .09 '.01 '-.05 .05 '.19 .13 '-.04 -.15 -.15 -.16 -.29 -.30 .14 -.13 .07 -.18 23 -.05 .03 -.10 -.05 -.11 -.06 .15 23 .83 .01 .11 .01 .06 -.05 .59 .16 25 -.36 -.02 .03 -.12 '.03 0 ••-.03 .16 '0 .03 '-.18 -.06 '-.06 .13 '-.10 .03 '-.10 -.03 -.12 .04 -.06 0 '.05 -.22 13.6 9.1 27.3 0 27.3 18.2 45.5 182 36.4 27.3 59.1 54.5 40.9 72.7 63.6 '90.9 72.7 81.8 '72.7 63.6 '68.2 '72.7 36.4 '50.0 '45.5 132.8 130.1 -1.1 -12.1 -112 128.9 125.7 -.5 -5.6 -3.4 125.9 2 1.9 .6 126.5 .5 5.9 42 127.0 .4 4.8 '3.9 '127.1 M '.9 '1.3 '126.9 -.2 -10.5 -13.0 127.0 -1.5 -16.3 -11.2 0 24 23 .07 -.02 -.14 '.08 '.07 '-.03 '-.10 50.0 100.0 '50.0 Contributions of leading index components:' Average weekly hours, mfg. (L.L.L) Average weekly initial claims for unemployment insurance (inverted) (L,C,L)$. New orders in 1982$, consumer goods and materials (L,L,L) .... Vendor performance, slower deliveries diffusion index L,L,L) .... Contracts and orders for plant and equipment in 1982$ (L.L.L) . Building permits, new private housing units (L,L,L) Change in unfilled orders in 1982$, durable goods, smoothed (L,L,L)t. Change in sensitive materials prices, smoothed (L,L,L)f Stock prices, 500 common stocks, NSA (L.L.L) Money supply M2 in 1982$ (L.L.L) Index of consumer expectations, NSA (L.L.L) -.62 •01 -22 -.12 -.10 -23 -.05 .30 -.18 -.10 .04 -.04 .01 -.19 .02 .03 -.03 -.08 -.10 -.01 -26 -.12 -.15 Diffusion index of 11 leading indicator components: Percent rising over 1-month span Percent rising over 6-month span 38.3 33.0 132.8 3.4 7.6 r The Coincident Index 920 • 951 Composite index of coincident indicators, 1982=100 (C.C.C) Percent change from previous month Percent change over 1-month span, AR Percent change over 3-month span, AR 126.3 -.6 -6.4 -9.6 -3'.3 -32 -10.2 -7.8 131.5 -1.0 -11.1 -11.1 Contributions of coincident index components:x Employees on nonagricultural payrolls (C.C.C) Personal income less transfer payments in 1982$ (C.C.C) Industrial production (C.C.C) Manufacturing and trade sales in 1982$ (C,C,C) .03 -.03 -.03 -.93 -.03 -19 .03 -.47 -.09 -.55 -.18 -.04 -.16 .10 -.41 -.40 -.10 .22 -28 -.53 -.15 -.82 -.16 -.22 -.19 -.02 -24 .11 -19 .15 -.18 -.11 -.12 -.14 .13 .45 .11 .16 24 21 Diffusion index of 4 coincident indicator components: Percent rising over 1-month span Percent rising over 6-month span 545 50.0 25.0 0 0 0 25.0 0 25.0 0 0 0 25.0 0 25.0 50.0 50.0 75.0 100.0 75.0 119.2 -.1 -.6 -.5 119.1 .1 1.0 -3.3 118.6 -.4 -4.9 -1.7 118.5 -.1 -1.0 .3 119.2 .6 7.3 4.1 119.8 .5 62 2.7 119.3 -.4 -4.9 0 119.2 -.1 -1.0 -7.5 117.5 -1.4 -15.8 -11.2 115.8 -1.4 -16.0 -172 113.7 -1.8 -19.7 -13.5 -.04 .03 .07 -.05 .39 -.03 20 0 .02 -.20 26 .10 .78 0 26 .17 -.19 -.13 .02 -.13 .03 -.31 -26 -.15 .36 -26 -20 -.58 -.13 -.22 -.02 -.02 -.13 .02 0 -.14 -.12 .05 0 -.54 0 -.10 0 -.03 -.16 -.14 0 .05 -.34 -.19 -28 .03 .06 24 -.12 .14 -.03 .39 -.19 -.14 0 -.41 .03 -.38 -.29 -.37 -.40 -.34 0 '-21 -.34 -.34 42.3 41.1 35.7 ,35.7 50.0 35.7 35.7 35.7 57.1 42.9 78.6 42.9 42.9 14.3 28.6 0 21.4 0 111.5 110.9 109.8 108.1 105.9 105.5 107.1 -.9 -.9 2 '87.5 100.0 '21 .23 2 2 -1.9 2 -.3 126.9 2 2 20 126.6 2 -2 2 -2.8 -1.6 '0 '-.08 '0 2 2 100.0 33.3 The Lagging Index Composite index of lagging indicators, 1982=100 (Lg.Lg.Lg) Percent change from previous month Percent change over 1-month span, AR Percent change over 3-month span, AR Contributions of lagging index components:x Average duration of unemployment (inverted) (Lg.Lg.Lg) $ Ratio, mfg. and trade inventories to sales in 1982$ (Lg.Lg.Lg) .... Change in labor cost per unit of output, mfg., smoothed (Lg,Lg,Lg)t. Average pnme rate, NSA (Lg.Lg.Lg) Commercial and industrial loans in 1982$ (Lg.Lg.Lg) Ratio, consumer installment credit to personal income (Lg.Lg.Lg) Change in Consumer Price Index for services, smoothed (Lg,Lg,Lg)t. Diffusion index of 7 lagging indicator components: Percent rising over 1-month span Percent rising over 6-month span 940 • Ratio, coincident index to lagging index, 1982=100 (L,L,L) . .17 14.3 0 109.2 7.1 3Q 113.3 -.4 112.3 -.9 -4.1 -11.6 -10.1 3 -7.5 .13 -26 -.32 -.04 '.13 '-.05 0 MO .03 -.10 0 '-.52 -.28 -.10 50.0 0 21.4 '1122 '113.0 111.5 3 -.7 -8.2 4 -72 3 4 1112 4 -.3 4 -3.2 '-.18 '".30 '-21 '-28 '-.36 '22 3 25.0 '-.16 '-.33 '".07 4 40.0 4 '113.8 '113.8 NOTE.—The following current high values were reached before September 1990: January 1984—BCI-940 (116.1), October 1989-BCI-930 (120.3), and June 1990—BCI-910 (146.3) and BCI-920 (134.6). See page C-6 for other footnotes: c-i SURVEY OF CURRENT1 BUSINESS C-2 Year Series November 1991 1990 1991 Series title and timing classification no. 1990 Sept. Oct. Nov. Dec. Jan. | Feb. Mar. | Apr. May | June | July Aug. Sept. Oct. * 1. CYCLICAL INDICATORS - Continued 1.2 Employment and Unemployment 21 • 5* Marginal employment adjustments: Average weekly hours, mfg. (L,L,l) Average weekly overtime hours, mfg. (L,C,L) Average weekly initial claims for unemployment insurance, thous. 40.8 3.6 382 40.9 3.7 387 40.7 3.6 425 40.6 3.5 40.7 3.5 455 40.4 3.4 444 40.3 3.3 477 40.3 3.3 512 402 3.3 472 40.4 3.4 434 40.8 3.7 418 40.7 3.7 41.0 3.8 419 '41.0 3.7 428 "40.9 "3.7 423 46* 60 Job vacancies: Index of help-wanted advertising, 1967=100 (L.Lg.U) Ratio, help-wanted advertising to unemployment (L,Lg,U) 129 .559 122 .512 116 .483 107 .434 108 .423 100 .386 97 .354 95 .330 95 .342 94 .324 96 .327 92 .322 91 .319 '92 '.324 ".305 '200.64 1 • 40 • 90 4 EmploymentEmployee hours in nonagricultural establishments, bil. hours, AR (U.C.C). Persons engaged in nonagricultural activities, thous. (U,C,C) Employees on nonagricultural payrolls, thous. (C,C,C) Diffusion index of employees on private nonagricultural payrolls, 356 industries: Percent rising over 1-month span Percent rising over 6-month span . Employees in goods-producing industries, thous. (L,C,U) Ratio, civilian employment to population of working age, percent 37 43* 45 91 • 44 Unemployment: Number of persons unemployed, thous. (L,Lg,U) $ Civilian unemployment rate, percent (L,Lg,U) t Average weekly insured unemployment rate, percent (L,Lg,U)»$ .. Average duration of unemployment in weeks (Lg.Lg.Lg) $ Unemployment rate, 15 weeks and over, percent (Lg.Lg.Lg) $ 48 • 42 41 • 963 203.49 204.76 202.06 202.62 203.34 200.83 201.16 200.40 199.43 200.62 201.65 199.73 114,728 109,971 114,689 110,113 114,558 109,982 114201 109,761 114,321 109,621 113,759 109,418 113,696 109,160 113,656 108,902 114243 108,736 113,319 108,887 113,576 108,885 113,474 48.5 43.7 24,958 62.7 45.1 372 24,842 62.6 41.4 34.8 24,705 62.4 40.3 30.9 24,481 622 42.0 28.8 24,375 62.3 38.5 26.7 24,181 61.9 36.9 312 24,039 61.8 38.6 29.5 23,877 61.7 38.5 34.3 23,794 62.0 51.1 '412 23,847 61.5 45.8 "47.5 23,792 6.1.6 51.3 "50.7 23,798 61.5 '54.8 6,874 5.5 2.4 12.1 12 7,087 5.7 2.5 12.4 1.3 7,142 5.7 2.6 12.0 1.3 7,337 5.9 2.7 12.4 1.4 7,600 6.1 2.8 12.4 1.4 7,715 6.2 2.9 12.4 1.5 8,158 6.5 3.0 12.8 1.6 8,572 6.8 3.2 13.0 1.7 8,274 6.6 3.3 13.7 1.8 8,640 6.9 3.3 12.9 1.8 8,745 7.0 3.2 142 2.0 8,501 6.8 3.1 13.9 1.9 8,488 6.8 3.0 14.0 1.9 3,397.6 2,859.4 5052 '201.83 "200.89 113,150 113.859 r r 109,019 108,971 "50.8 113,772 '109,018 "48.6 '23,792 "23,727 61.6 61.5 61.3 (U.Lg.lA. 8,442 6.7 3.1 14.0 1.9 8,582 6.8 3.1 14.3 2.0 1.3 Production and Income 50 • 49 52 51 • 53* 47 • 73* 74* 124 82 4 Output and income: Gross national product, bil. 1982$, AR (C.C.C) Percent change from previous quarter, AR Value of goods output bil. 1982$, AR (C,C,C) Personal income, bil. 1982$, AR (C.C.C) Personal income less transfer payments, bil. 1982$, AR (C,C,C) . Wages and salaries in mining, mfg., and construction, bil.1982$,AR(C,C,C). Industrial production indexes, 1987=100: Total (C.C.C) Durable manufactures (C.C.C) Nondurable manufactures (C.L.L) Capacity utilization rates (percent): Total industry (L,C,U) Manufacturing (L C U) . 3,366.9 2,838.3 506.4 4,124.1 -2.8 1,797.5 3,366.5 2,837.0 502.9 3,378.7 2,8452 500.6 3,372.9 2,837.8 500.4 4,118.9 -.5 1,787.5 3,383.3 2,846.4 502.6 532.0 3,4042 2,896.1 529.3 3,375.9 2,865.5 522.1 4,153.4 -1.6 1,821.0 3,3832 2,871.0 513.4 109.2 111.6 107.8 110.6 113.8 108.0 109.9 112.5 108.4 108.3 109.9 107.7 1072 107.5 107.4 106.6 107.2 106.8 105.7 106.1 106.0 105.0 105.0 105.4 105.5 106.0 105.9 106.4 106.7 106.5 107.3 107.3 107.6 '108.1 1.08.1 '108.6 83.0 82.3 83.6 82.8 83.0 82.2 81.6 80.7 79.4 80.0 78.9 79.1 78.0 78.4 77.2 78.6 77.5 79.1 77.8 79.6 78.3 78.7 91.52 81.94 412,651 -3.30 -1.31 42.4 94.88 87.35 409,051 -3.60 -1.72 45.1 96.76 89.50 406,602 -2.45 -2.05 46.0 '95.38 '87.24 402,758 -3.84 -2.49 47.5 '97.90 "100.56 106.62 '102.35 "92.06 '92.93 '92.52 92.85 409,158 "408,658 "405,041 "403,074 "-1.97 '-3.62 '-.50 6.40 "-.96 '-.83 '-.86 -1.55 49.7 50.8 49.4 50.8 470,536 108.0 120,666 474,815 "472,884 108.4 108.3 4,157.3 1.0 1,829.3 3,406.1 3,4002 2,883.2 515.9 "4,143.1 "2.4 "1,806.9 '3,391.5 '3,398.5 '2,851.8 '2,855.9 504.7 '506.3 '3,401.3 "3,403.8 '2,859.9 "2,856.7 "506.6 '504.6 108.0 107.9 '109.0 '108.2 '108.6 '109.3 "108.2 "108.3 "109.5 79.8 '78.6 '79.8 '78.8 "79.6 "78.6 r 1.4 Consumption, Trade, Orders, and Deliveries 7* 8* 92 • 32* 57* 75* 122 123 • Orders and deliveries: Mfrs.' new orders, durable goods, bil. 1982$ (L,L,L) Mfrs.' new orders, consumer goods and materials, bil. 1982$ (L.L.L) Mfrs.' unfilled orders, durable goods, mil. 1982$ 0 Change from previous month, bil. 1982$ Change from previous month, bil. 1982$, smoothed (L,L,L)t Vendor performance, slower deliveries diffusion index, percent (L.L.L). Consumption and trade: Manufacturing and trade sales, mil. 1982$ (C.C.C) Index of industrial production, consumer goods, 1987=100 (C.L.C) . Sales of retail stores, mil. 1982$ (U.L.U) Indexes of consumer attitudes: Consumer sentiment, U. of Michigan, 1966:1=100, NSA (L.L.L)©?. Consumer expectations, U. of Michigan, 1966:1=100, NSA (L,L,l)© 2 . Consumer confidence, The Conference Board, 1985=100 (L,L,L) Consumer expectations, The Conference Board, 1985=100 (L.L.L). 1,251.12 1,106.31 416,085 -25 .76 47.9 104.35 92.32 420,570 -.13 -.31 49.7 107.54 93.07 422,157 1.59 -25 48.7 95.40 87.67 415,076 -7.08 -1.13 49.9 98.70 83.11 416,085 1.01 -1.35 46.8 96.39 83.95 415*59 -1.34 43.3 96.04 84.84 415,953 .09 -1.13 43.3 5,746,859 107.3 479,460 108.7 478,691 108.6 471,024 106.5 461,198 105.7 457,123 105.6 459,053 104.7 457,033 104.7 465,334 105.5 469,205 106.6 1,466,615 •121,966 '121,103 121,488 118,849 117,118 119,724 120,307 119,815 120,719 66.0 65.5 66.8 70.4 87.7 81.8 78.3 81.6 702 91.5 83.7 72.8 58.8 85.6 77.7 63.9 50.9 62.6 55.6 52.8 61.7 56.1 53.7 61.2 59.8 55.2 55.1 55.3 121,295 '120,190 82.1 82.9 75.9 82.0 62.0 59.4 63.6 84.5 81.1 100.7 74.7 79.4 99.7 71.5 76.4 95.5 78.0 100.9 74.4 77.7 100.3 75.3 76.1 96.8 "109.5 '109.2 '120,777 "120,765 83.0 78.3 76.4 70.5 72.9 95.4 60.1 79.5 '32.89 '40.68 '38.55 34.69 "34.91 "44.11 "41.14 52.77 1.5 Fixed Capital Investment 12* 13 + 10 20 • 27* 9* 11 97 Formation of business enterprises: Index of net business formation 1967=100 (L L I) Number of new business incoroorations IL L L) Business investment commitments: Contracts and orders for plant and equipment, bil.$ (L.L.L) Contracts and orders for plant and equipment, bil. 1982$ (L,L,L) .... Mfrs.' new orders, nondefense capital goods, bil. 1982$ (L.L.L) Construct'on contracts awarded for commercial and industrial buildings, mil. sq. ft (L.C.U)© 3 . Newly approved capital appropriations, mfg., bil.S (U,Lg,U) Backlog of capital appropriations, mfg., bil.S (C,Lg,Lg)O 120 7 646 679 1186 52454 1172 52181 1161 51422 1152 52,060 1155 51,991 1149 50,384 1142 51536 1150 52235 1157 52327 1161 52,071 '1155 52,843 '1158 "53,222 464.42 544.47 499.71 713.94 38.47 47.17 43.97 57.76 '42.12 '48.38 44.52 53.26 35.46 42.88 39.27 54.97 41.77 47.00 44.46 46.25 37.72 45.91 42.94 50.14 37.30 44.32 41.54 54.86 35.03 42.99 40.56 44.82 33.44 40.82 37.12 51.98 32.07 41.22 38.04 47.11 32.00 41.33 39.20 36.51 40.26 '47.60 44.83 39.12 r 34.20 '4321 '40.72 42.85 147.30 105.80 '107.23 NOTE.-The following current high values were reached before September 1990: May 1983-BCI-123 (124.3); November 1983-BCI-32 (67.5); March 1984-BCI-58 (101.0), BCI-83 (97.7), BCI-92 change (8.62), and BCI-92 smoothed (4.61); September 1985—BCI-9 (93.19); December 1986—BCI-13 (65,691); July 1987—BCI-5 (286); November 1987BCI-46 (162); October 1988—BCI-53 (568.0); December 1988—BCI-7 (115.44), BCI-8 (99.79), and BCI-60 (0.741); January 1989-BCI-40 (25,406), BCI-45 (2.0), and BCI-82 (85.1); February 1989—BCI-21 (4.0) and BCl-122 (120.7); March 1989-BCI-12 (126.5), BCI-37 (6,252), and BCI-43 (5.1); 1st Q 1989-BCI-11 (50.01); April 1989—BCI-1 (412) and BCI- "31.82 '32.08 '36.68 '105.80 ' i 00.28 "96.78 124 (85.0); June 1989—BCI-91 (112); 2d Q 1989-BCI-97 (117.90); August 1989—BCI-59 (124,761); November 1989— BCI-90 (63.1); December 1989—BCI-10 (4627), BCI-20 (51.59), and BCI-27 (46.54); March 1990—BCl-42 (115,038); May 1990-BCI-44 (1.1) and BCI-92 level (423,364); June 1990-BCM1 (110,435) and BCI-48 (204.94); July 1990-BCI51 (2,919.6) and BCI-52 (3,428.5); August 1990—BCI-57 (488,655); and 3d Q 1990-BCI-49 (1,839.7) and BCI-50 (4,170.0) ^ f ^ t s M f November 1991 Series no. C-3 SURVEY OF CURRENT BUSINESS 1991 1990 Year Series title and timing classification 1990 Sept. | Oct. Nov. Dec. Jan. | Feb. | Mar. APT. m June July Aug. Sept. | Oct.* 1. CYCLICAL INDICATORS - Continued 1.5 Fixed Capital Investment—Continued 61 100* 69 • 76 • 86* 87 • 88* 28* 29* 89 • Business investment expenditures: New plan! and equipment expenditures by business, bil.$, AR (C.Lg.Lg). New plant and equipment expenditures by business, bil.1982$,AR(C,lg,Lg). Mfrs.' machinery and equipment sales and business construction expenditures, bil.$, AR (C.Lg.Lg). Index of industrial production, business equipment, 1987*100 (C,Lg,U). Gross private nonresidential fixed investment, bil. 1982$, AR: Total (C.Lg C) Structures (Lg.Lg Lg) Producers' durable equipment (CLg.C) Residential construcrion and investment: New private housing units started, thous., AR (L.L.L) Index of new private housing units authorized by local building permits, 1967.100 (L,L,L). Gross private residential fixed investment, bil. 1982$, AR (L.L.L) 532.61 530.13 535.50 524.57 "539.53 523.84 525.41 528.11 521.96 -538.31 471.28 474.20 474.64 465.43 472.58 456.93 463.83 451.72 459.92 456.48 462.64 '448.70 "453.76 '455.08 123.1 126.4 125.4 122.9 1212 121.6 120.6 120.3 121.3 121.7 121.9 -122.5 ••121.3 •-122.6 '122.6 "1,021 78.3 '1,096 82.0 519.4 116.4 403.1 515.4 120.9 394.6 1,193 89.5 1,106 78.9 1,026 73.8 1,130 73.0 971 68.1 847 64.0 907 71.1 992 69.9 977 72.8 983 77.0 1,034 79.7 1,049 80;1 1,056 76.0 P1597 152.4 151.8 163.3 176.8 '506.5 '101.8 '404.7 498.5 109.5 389.0 496.8 113.7 3831 1.6 Inventories and Inventory Investment 30 • 31 • Inventory investment: Change in business inventories, bil. 1982$, AR (L.L.L) Change in mfg. and trade inventories, bil.$, AR (L,L,L) Inventories on hand: Mfg. and trade inventories, bil. 1982$ (Lg,Lg,Lg)O Ratio, mfg. and trade inventories to sales in 1982$ (Lg.Lg.Lg) . -3.6 16.7 "39.4 "53.4 -26.4 24.6 -66.3 54.0 -25.0 -38.9 -103.0 -32.7 -33.3 -62.2 -55.3 -3.6 698.15 697.82 1.46 697.98 1.48 1.50 695.51 1.52 693.86 1.51 687.70 1.50 68721 1.48 1.46 680.76 1.45 1.43 '-15.1 "-1.8 '60.2 '679.64 1.7 Prices, Costs, and Profits 99* 98 Sensitive commodity prices: Index of sensitive materials prices, 1982=100 Percent change from previous month Percent change from previous month, smoothed (L,L,L) t Index of producer prices for sensitive crude and intermediate 126.34 -.18 -27 140.43 127.79 126.53 -.99 .11 141.13 124.31 -1.75 -.25 139.33 123.91 -.32 -.47 139.16 123.38 -.43 -.59 138.36 122.75 -.51 -.65 137.63 121.60 -.94 -.72 136.42 12123 -.30 -.71 136.32 121.23 29 142.33 -.61 137.10 "120.26 "-.80 "-.57 "136.75 "119.42 "-.70 "-.57 136.70 "118.12 -1.09 -.64 13429 116.62 "-1.27 "-.76 134.66 115.74 -.75 -.83 134.65 217.8 129.7 1042 86.9 166.0 1665 181.5 172.7 158.3 125.5 118.1 89.6 310.7 215.3 129.3 100.6 82.1 151.5 174.6 196.0 184.1 172.4 125.9 119.3 79.6 320.0 210.8 127.8 95.4 81.3 165.6 170.6 191.4 191.7 166.0 126.0 121.3 78.0 313.9 212.3 127.4 94.4 81.9 171.1 167.5 177.3 179.4 156.1 126.5 119.6 75.8 3032 205.4 128.0 105.8 81.5 189.9 164.7 176.0 171.8 146.8 126.4 124.9 75.3 3012 203.5 128.6 106.2 185.4 127.7 115.1 75.3 184.6 150.1 175.9 160.3 146.1 128.4 132.5 58.0 292.4 1842 128.4 115.4 76.3 179.9 1502 173.7 152.3 1442 128.1 134.0 56.3 294.7 173.8 131.5 112.8 74.8 1762 148.9 172.0 140.3 140.5 128.1 136.3 65.7 290.2 170.9 135.8 "1072 "63.4 "166.6 "138.1 "168.4 "129.9 "132.1 128.1 123.8 75.2 285.4 162.0 135.9 95.4 57.5 144.5 141.3 169.3 138.1 133.7 128.6 1152 78.5 279.8 162.3 132.8 95.8 57.1 138.5 1412 169.7 140.4 132.8 128.9 102.0 72.0 276.9 154.8 133.0 91.8 52.6 140.9 146.4 162.9 137.4 1302 129.1 105.7 73.7 271.9 1562 133.6 189.1 158.5 176.2 168.9 146.8 127.0 1202 75.5 298.6 196.4 127.6 108.3 74.5 188.8 152.9 180.9 167.3 146.4 128.6 134.3 •66.8 293.9 52.1 142.8 1472 170.8 126.6 127.8 129.2 100.1 67.3 271.7 .904 .234 107.646 3.462 .777 .287 .712 .741 4.893 1.021 63.121 .464 .133 .990 .256 111.881 3.390 .810 .890 .236 106.195 3.608 .728 .851 .193 105.316 3.548 .700 .823 .184 106.339 3.328 .700 .859 .179 100.873 3292 .700 .916 .181 99.902 3252 .652 .889 .193 100200 3.202 .620 .886 .192 99.001 3.224 .620 .826 -.180 95286 3.282 .620 .846 .148 90.292 3285 .620 .865 .129 89.749 3.506 .620 .811 .123 95.755 3.628 .518 .817 .138 97.097 3.585 .505 288 288 288 288 288 288 288 288 288 288 288 272 272 .735 .778 5250 .975 64.090 .482 .129 .739 .790 5240 .947 61.934 .475 .136 .727 .790 4.712 .930 59.901 .483 .138 .723 .801 4.600 .942 59.140 .490 .139 .736 .798 4.600 .915 59.062 .483 .133 .822 .782 4.600 .858 58.766 .484 .124 .795 .810 4.312 .868 58.997 .492 .132 .795 .810 4.260 .958 61.538 .453 .135 .809 .820 4.300 .992 59.701 .449 .121 .736 .832 4.525 .965 60.362 .446 .117 .678 .850 4.270 .880 61.350 .427 .124 .863 .126 91.707 3.645 .598 .284 .642 .855 3.962 .772 61.856 .431 .144 .639 .880 3.852 .742 61287 .437 .137 .591 .880 3.670 .752 60.914 .457 .136 139.2 141.1 141.6 142.1 142.7 5.8 5.9 6.1 6.4 4.3 6.2 4.3 5.9 5.2 5.5 143.9 10.6 334.59 315.41 307.12 31529 328.75 -20 0 matariale 10ft9 1fVWI 1 l \ 23 • 120* 19 • 16* 18 • 22* 81 • 26 • 35 63 62* maienais, lyoc^iuu \L,L,L; Cattle hides Lumber and wood products Wastepaper, news Wastepaper, mixed, NSA Wastepaper, corrugated Iron and steel scrap ... Copper base scrap Aluminum base scrap Other nonferrous scrap, n e e , NSA Sand, gravel, and crushed stone Raw cotton Domestic apparel wool Index of spot market prices, raw industrial materials, 1967=100, NSA ( a m ) © 1 . Copper scrap, $ per Ib, © Lead scrap, $ per Ib.© Steel scrap, $ per ton « Tin, $ per Ib., NSA © Zinc, $ per Ib., NSA© Burlap, $ per yd., NSA© Cotton, $ per Ib.© Print cloth, $ per yd., NSA© Wool tops, $ per Ib., NSA© Hides, $ per Ib., NSA© Rosin, $ per 1001b.© Rubber, $ per Ib.© ... Tallow, $ per Ib.© ...... Consumer Price Index for services, 1982-84=100 Percent change from previous month, AR Percent change from previous month, AR, smoothed (Lg,Lg,Lg)t Index of stock prices, 500 common stocks, 1941-43=10, NSA (L,L,L). Profits and profit margins: Corporate profits after tax, bil $. AR (L L U Corporate profits after tax, bil. 1982$, AR (L.L.L) Ratio, corporate domestic profits after tax to corporate domestic income, percent (L.L.L). Ratio, corporate domestic profits after tax with IVA and CCAdj to corporate domestic income, percent (U.L.L). Ratio, implicit price deflator to unit labor cost all persons nonfarm business sector, 1982=100 (L.L.L). 752 144.6 144.9 145.1 145.5 145.8 146.4 146.8 147.6 148.0 6.0 6.0 6.3 2.5 6.0 1.7 52 3.4 4.5 2.5 3.8 5.1 3.6 3.3 3.4 6.7 3.8 325.49 36226 37228 379.68 377.99 37829 380.23 389.40 38720 3.3 3.9 386.88 172.5 136.3 177.6 138.5 166.4 126.5 160.6 120.6 4.6 4.3 3.9 4.0 4.3 3.7 4.1 4.2 103.5 103.0 1032 "103.0 Corporate net cash flow, bil. 1982$, AR (L.L.L) 391.1 393.6 384.3 387.4 Unit labor costs: Index of unit labor cost, all persons, business sector, 1982=100 (Lg,Lg,Lg). Index of labor cost per unit of output, mfg., 1987=100 Percent change from previous month, AR Percent change from previous month, AR, smoothed (Lg,Lg,Lg)t. 101.8 101.4 101.5 101.8 2.9 .3 0 -.4 1.2 -.3 3.6 .3 1252 123.1 NOTE.-The following current high values were reached before September 1990: November 1983—BCI-99 smoothed (2.09); February 1984-BCI-28 (2260) andBCI-29 (158.5); 1st Q 1984-BCI-22 (6.9) and BCI-30 (83.4); 2d Q1985BCI-87 (151.4); 3d Q 1985—BCI-81 (8.6); March 1986—BCI-77 (1.58);October 1986—BCI-99 change (3.37); 4th Q 1986-BCI-89 (200.3); 3d Q 1988—BGi-35 (433.1); December 1988—BCI-31 (98.6); 4th Q 1988-BCI-16(189.1), BCI- 902 126.4 1042 32.3 103.5 -7.8 5.0 6.0 '1030 '128.4 "128.0 103.7 104.3 2.3 6.1 72 6.3 1042 -1.1 5.4 1042 1042 0 42 0 2.9 103.7 -5.6 "104.3 "7.2 103.9 "^.5 1.0 ".7 -1 '105.0 '13.5 '12 18 (163.8), and BCI-26 (104.6); March 1989—BCI-99 index(135.82); April 1989—BCI-23 (335.0); November 1989-BCI70 (705.14);February 1990—BCI-69 (484.43); and August 1990-BCI-98 (142.59). See page C-6 for other footnotes. SURVEY OF CURRENT BUSINESS C-4 Series no. Year November 1991 1990 Series title and timing classification 1990 Sept Oct. 1991 Nov. I Dec. Jan. | Feb. | Mar. | A|x. | July May | June | Aug. | Sept. Oct. * 1. CYCLICAL INDICATORS - Continued 1.8 Money and Credit 85* 102 4 105 106 • 107 112 • 113 • 111 119 • 114 • 116 • 115* 117 118 109 • 72 101 • 95 • Money: Percent change jn money supply M1 (L,L,L) Percent change in money supply M2 L,C,U) Money supply M1 bil 1982$ (LLL) Money supply M2, bil. 1982$ (L,L,L) Velocity of money: Ratio, gross national product to money suppy M1 (C,C,C) Ratio, personal income to money supply M2 (C.Lg.C) Credit flows: Net change in business loans, bil.$, AR (L.L.L) Net change in consumer installment credit bil.$, AR (L.L.L) ........ Percent change in business and consumer credit outstanding, AR (L.L.L). Funds raised by private nonfinancial borrowers in credit markets, mil.$, AR (L,L,L). Credit difficulties: Current liabilities of business failures, mil.$, NSA (L,L,L)$ Percent of consumer installment loans delinquent 30 days and over(L,L,L)0t Bank reserves: Free reserves, mil.$, NSA (L,U,U)$ Member bank borrowings from the Federal Reserve, mil.$, NSA (L,Lg,U). Interest rates (percent, NSA): Federal funds rate (L.Lg.Lg) Discount rate on new issues of 91-day Treasury bills (C.Lg.Lg) .. Yield on new issues of high-grade corporate bonds (Lg.Lg.Lg).... Yield on long-term Treasury bonds (C.Lg.Lg) Yield on municipal bonds, 20-bond average (U.Lg.Lg) Secondary market yields on FHA mortgages (Lg.lg.lg) Average prime rate charged by banks (Lg,Lg,lg) Outstanding debt: Consumer installment credit outstanding, mil.$ (Lg,Lg,Lg)O Commercial and industrial loans outstanding, mil.$, (Lg.Lg.Lg) .... Commercial and industrial loans outstanding, mil. 1982$ (Lg.Lg.Lg). Ratio, consumer installment credit outstanding to personal income, percent (Lg.Lg.Lg). 2,431.0 -.07 56 .26 .65 r -.02 .09 M2 .36 593.4 593.6 5945 598.1 '2,417.5 '2,405.6 '2,396.3 '2,392.4 6.729 1.411 16.46 1624 -1.0 55.44 20.44 -4.4 -23.58 -1.37 -1.1 6.714 1.419 1.425 1.418 6.653 1.411 1.407 1.405 6.597 '1.410 '1.415 -41.34 11.75 -5.5 -54.52 -15.72 -10.6 2152 -25.67 -3.8 -43.46 -2.41 -1.5 49.18 -3.84 -2.2 -110.18 14.15 -4.1 -65.81 -15.97 -6.3 -56.14 -2038 '-8.4 192,024 390,311 2.57 "1.05 '.77 '.45 1.17 '.13 .80 1.13 -.11 .79 .16 "54 '0 '-.01 '-.34 '.13 '.37 55 .62 .11 .70 '6125 "6185 '611.7 602.6 '608.7 6095 605.7 600.6 591.8 597.4 '2,384.7 '2,3965 '2,412.7 '2,413.5 '2,415.5 '2,413.5 '2,400.3 '2,393.4 '2,384.9 "2,388.8 '6.554 '1.424 '658 -7.55 '-8.8 -11550 '-10.25 '-12.6 '1.430 "1.430 '-65.71 "-36.70 "-18.54 "-9.7 "167,900 257,376 " 4,017.2 "4,473.0 "3,591.9 "4,676.5 "10,242.8 11,9975 "7,317.7 "5,069.1 12,248.0 "4,930.5 "4,734.1 2.47 2.57 2.47 2.73 2.65 2.67 2.56 2.65 2.53 2.53 291 624 455 410 741 230 1,361 326 1,662 534 1,590 252 241 231 815 303 676 340 345 607 622 764 586 645 "837 "261 8.10 7.51 9.84 8.73 7.27 10.17 10.01 8.20 7.38 10.17 9.11 7.43 1054 10.00 8.11 7.19 10.09 8.93 7.49 10.23 10.00 7.81 7.07 9.79 8.60 7.18 9.81 10.00 7.31 6.81 9.55 8.31 7.09 9.66 10.00 6.91 6.30 9.60 8.33 7.08 9.58 9.52 6.25 5.95 9.14 8.12 6.91 9.57 9.05 6.12 5.91 9.14 8.38 7.10 9.61 9.00 5.91 5.67 9.07 8.29 7.02 9.61 9.00 5.78 5.51 9.13 8.33 6.95 9.62 8.50 5.90 5.60 9.37 8.54 7.13 9.71 8.50 5.82 5.58 9.38 8.50 7.05 9.59 8.50 5.66 5.39 8.88 8.17 6.90 9.14 8.50 5.45 5.25 8.79 7.96 6.80 9.06 850 551 5.03 8.81 735,102 467,049 401,717 735,547 476,902 402,789 735,433 474,937 393,160 736,411 471,492 392,583 735,102 466,949 732,962 468,717 732,762 465,095 396,839 732,442 469,193 403,781 733,621 460,011 396,561 15.74 15.66 15.66 15.61 15.50 15.52 15.48 15.42 15.43 15.30 15.19 1550 15.11 "15.01 235.2 197.5 235.2 199.0 238.4 200.4 240.1 202.8 241.8 204.8 '242.6 '208.0 '241.7 '207.9 '242.5 '209.8 "243.5 "209.3 507 8.71 8.00 732589 730,591 729,962 '729,108 "727,563 454,527 449,849 '450,372 '440,772 '435596 "432538 390,152 '386,468 '388,252 '379,322 '375555 "371,338 1.9 Alternative Composite Indexes 990 • 991 • CIBCR long-leading composite index, 1967=100' CIBCR short-leading composite index, 1967=100l .... 237.9 202.8 239.3 203.9 240.6 2025 2405 '199.5 234.7 199.8 2335 199.1 2. OTHER IMPORTANT ECONOMIC MEASURES 2.1 Savings 290 295 292 298* 293 • Gross saving, bil.$, AR Business saving, bil.$, AR Personal saving, bil.$, AR Government surplus or deficit bil.$, AR . Personal saving rate, percent 657.3 607.8 180.1 6195 610.3 167.5 -158.6 45 625.1 168.7 -96.8 4.2 649.1 624.9 170.2 -146.0 4.2 "157.7 134.8 5.2 136.9 136.3 4.5 "136.9 "1.8 "138.5 "3"8 2.2 Prices, Wages, and Productivity Price Movements 310 311 i 320 4 323 4 336 4 337 < 334 < 333 < 332 i 331 Implicit price deflator for gross national product 1982=100 Percent change from previous quarter, AR Fixed-weighted price index, gross domestic business product, 1982=100. Percent change from previous quarter, AR Consumer Price Indexes for all urban consumers All items, 1982-84=100, NSA Percent-change over 1-month span Percent change over 6-month span, AR All items less food and energy, 1982-84=100 Percent change over 1-month span Percent change over 6-month span, AR Producer Price Indexes: Finished goods, 1982=100 Percent change over 1-month span Percent change over 6-month span, AR Finished goods less foods and energy, 1982=100 Percent change over 1-month span Percent change over 6-month span, AR Finished consumer goods, 1982=100 Percent change over 1-month span Percent change over 6-month span, AR Capital equipment 1982=100 percent change over 1-month span Percent change over 6-month span, AR Intermediate materials, supplies, and components, 1982=100 Percent change over 1-month span Percent change over 6-month span, AR Crude materials for further processing, 1982=100 Percent change over 1-month span Percent change over 6-month span, AR 133.1 2.8 135.4 8.4 2.9 133.8 .3 3.7 138.6 .4 5.3 134.6 .4 2.9 139.7 .8 5.1 134.8 5 2.9 140.7 .7 5.0 135.0 -.1 2.7 140.9 .1 5.0 1355 5 25 141.2 5 4.0 141.5 5 3.3 122.3 -.4 .7 128.6 122.4 .1 -1.6 129.6 .8 4.1 121.6 -.1 -3.1 125.7 .7 35 116.6 -.5 -6.5 1135 1.8 -35.6 121.5 121.2 -.2 -1.5 130.3 .3 '3.5 119.9 -.5 -2.8 126.2 5 '3.1 114.5 -1.0 -5.4 101.0 -3.3 '-20.4 121.3 .1 -2.1 130.4 .1 2.2 1205 .3 -3.3 126.1 -.1 1.6 114.0 -.4 -4.9 100.6 -.4 121.9 .5 5 4.4 NOTE.-The following current high values were reached before September 1990: January 1983-BCI-102 (2.79); July 1983—BCI-14 (8295); February 1984—BCI-39 (1.78); May 1984—BCI-93 ($-$2,380) and BCI-118 (15.01); June1984—BCI111 (23.2), BCI-115 (13.00), BCI-116 (14.49), and BCI-117 (10.67) August 1984—BCI-94 (8,017), BCI-109 (13.00), BCI114 (10.49), and BCI-119(11.64); 4th Q 1984-BCM07 (7.029); September 1985-BCI-113 (132.08); 4thQ 1985-BCI- 137.9 4.6 121.7 -.7 -.5 124.8 .3 3.9 1175 -.8 -2.7 1115 -5.4 -23.7 -i!5 129.9 5 3.9 120.5 -.9 -3.1 125.9 3.4 115.7 -.8 -7.0 104.5 -7.7 -26.7 -235 135.6 25 -5 130.9 .4 25 120.7 .4 -.7 126.5 .3 1.4 113.9 -.1 -2.7 100.7 .1 -9.9 "1.6 136.0 5 3.1 142.0 .4 3.9 1365 5 2.8 142.5 .4 3.7 136.6 5 1375 .4 137.4 .1 143.0 .4 143.6 .4 143.8 .1 121.4 -.4 .5 '130.8 '-.1 1.5 120.0 -.6 .3 '126.7 121.1 -5 1.7 131.0 .2 2.5 119.6 -.3 1.3 126.7 '0 2.2 113.7 -.3 121.4 .2 121.5 .1 122.3 .7 131.3 5 131.3 0 132.0 .5 120.1 .4 120.1 0 121.0 .7 126.8 .1 127.0 5 127.5 .4 114.1 .4 114.2 .1 114.1 -.1 99.2 '0 -1.0 995 0 98.3 -.9 100.1 1.8 '5 1.3 114.0 .1 -.5 '995 '-1.5 -5.3 110 (869,764); December 1986—BCI-85 (2.49); May 1987-BCI-105(637.9); May 1988—BCI-106 (2,472.3); October 1989—BCI-95 (16.06); andMarch 1990—BCI-101 (409,697) and BCI-112 (131.06). See page C-6 for other footnotes. SURVEY OF CURRENT1 BUSINESS November 1991 Year Series no. C-5 1991 1990 Series title and timing classification 1990 Sept Nov. | Dec. Oct. Jan. | Feb. | Mar. i * May | June July Aug. | SBpt. | OCt. • 2. OTHER IMPORTANT ECONOMIC MEASURES - Continued 2.2 Prices, Wages, and Productivity — Continued Wages and Productivity 345 346 370 358 136.8 139.1 140.5 142.1 '143.3 3.8 101.0 3.8 100.3 4.2 100.5 '46 101.1 '3.4 '1012 -1.5 112.4 -.4 0 111.2 -3.0 112.3 -1.2 '-2 1112 .6 112.3 0 ' 1 111.2 2.4 '112.2 '-.5 '.4 '112.8 '2.3 '1112 '111.8 I! II Index of average hourly compensation, all employees, nonfarm business sector, 1982=100. Percent change from previous quarter, AR Index of real average hourly compensation, all employees, nonfarm business sector, 1982-100. Percent change from previous quarter, AR Index of output per hour, all persons, business sector, 1982=100 ... Percent change over 1-quarter span, AR Percent change over 4-quarter span, AR Index of output per hour, all persons, nonfarm business sector, 1982=100. 2.3 Labor Force and Employment 441 442 Civilian labor force thous Civilian employment thous Civilian labor force participation rates (percent): Males 20 years and over Females 20 years and over Both sexes 16-19 years of age 453 124,787 117,914 124,970 117,883 124,875 117,733 124,723 117,386 125,174 117,574 124,638 116,922 125,076 116,918 125,326 116,754 125,672 117,398 125232 116,591 125,629 116,884 125214 116,712 124,904 116,416 125,607 117,165 125,549 116,967 77.8 57.9 53.7 77.9 57.9 53.1 77.8 57.7 53.0 77.8 57.5 52.4 77.9 57.8 52.8 77.3 57.6 53.0 77.4 57.8 53.3 77.6 57.8 53.6 77.7 58.1 52.6 77.4 57.8 522 77.5 58.2 51.2 77.4 57.9 50.0 77.2 57.8 48.5 77.5 57.8 51.5 77.3 57.8 51.9 '8,398 '88.6 2.4 Government Activities 517 525 543 548 557 570 564 • Defense indicators: Defense Department gross obligations incurred mil $ Defense Department prime contract awards, mil.$ Defense Department gross unpaid obligations outstanding, mil.$0. Manufacturers' new orders, defense products, mil.$ Index of industrial production, defense and space equipment, 1987=100. Employment, defense products industries, thous Federal Government purchases of goods and services, national defense, bil.$, AR. 131,796 32,664 13,458 212,396 93,458 97.3 7,745 97.3 1230 313.6 1,216 393,576 38,753 83,098 495,310 32,229 3,021 6,912 41,315 6,502 5,999 26,637 '29,150 4,262 8,117 204,677 '196,282 8202 19,434 13,411 11,480 6,041 14,379 10276 7,515 97.3 5,044 962 6,844 95.8 7,683 94.4 7,922 94.5 6,692 93.9 7,790 92.5 9,531 91.5 8,281 91.0 9,385 r 90.0 ' 10,804 "90.0 '5,490 r 89.0 1,207 1,196 325.0 1,192 1,187 1,173 331.2 1,167 1,157 1,148 325.7 1,137 1,128 1,127 '318.7 '1,121 33,599 3,300 34,030 3,081 6,947 38,100 3,872 5,544 35,632 3,045 7,732 40,139 4,054 5,445 35,270 3,070 7,440 40,062 4,100 5,037 '104,245 '119,636 "-15,391 34,974 2,929 7,439 38,764 4,160 5,426 35,225 3,333 7,555 41,176 3,786 5,787 '34,379 3,140 7258 '40,910 4,385 6,567 '104,532 '125,018 35,425 3,167 7,609 42,218 4,185 6,341 106.4 110 126.0 117 109 98 105.5 '108.1 111 126.6 119 111 '101 '1072 '97.4 108.0 '109 '122.8 '117 '111 '100 '105.6 '97.3 1362 2.8 114.8 136.6 116.8 "116.8 ""137.4 137.7 9,355 '10,201 2.5 U.S. International Transactions 602 604 606 612 614 616 618 • 620* 622 Exports, excluding military aid shipments, mil $ Exports of domestic agricultural products, mil.$ Exports of nonelectrical machinery, mil.$ General imports, mil.$ Imports of petroleum and petroleum products, mii.S Imports of automobiles and parts, mil.$ Merchandise exports/adjusted, excluding military, mil S 11 Merchandise imports, adjusted, excluding military, mil.S Balance on merchandise trade, mil.$* 70,527 389,550 34,630 3,047 7254 44,527 6,927 6,567 33,586 3,158 6,774 33,570 2,858 6,927 43,123 6,332 5,993 39,894 5,353 5,475 34,144 2,906 7,069 41.520 5,385 5,904 100,580 128,308 -27,728 497,665 -108,115 6,977 39,103 3,846 5,311 100,900 119294 -18,394 '-20,486 2.6 International Comparisons Industrial Production Indexes (1987=100) 47* 721 • 728 • 725* 726* 722* 727* 723 • United States OECD, European countries2 japan Federal Republic of Germany France United Kingdom •. Canada 109.9 111 125.6 117 110 102 108.4 99.3 108.3 110 124.3 116 108 100 107.7 97.3 1072 110 123.8 116 106 100 110.5 111 125.8 119 110 '100 109.6 105.7 111 125.7 118 109 101 109.3 105.0 '110 123.0 118 106 101 109.1 96.4 96.4 95.3 95.0 132.7 6.6 112.4 4.9 112.6 3.6 134.4 4.1 151.9 6.3 1612 7.1 136.3 5.3 133.5 6.7 113.9 6.8 113.4 3.8 135.2 4.3 153.1 6.1 162.6 7.1 137.4 10.3 133.8 5.4 113.5 5.4 1132 3.2 135.0 3.6 152.7 4.8 163.6 7.1 1382 9.5 133.8 3.7 113.2 5.1 113.3 2.1 134.9 22 152.6 3.8 164.2 6.8 138.1 8.8 134.6 2.9 114.1 2.0 114.0 12 135.5 1.6 153.0 134.8 2.9 113.8 2.3 114.3 135.0 2.7 114.3 2.1 114.2 3.4 135.8 2.4 154.4 343.1 1,644.4 308.8 714.6 971.1 354.4 357.0 334.1 1,592.1 297.8 726.8 974.1 338.4 3482 343.0 1,572.2 292.4 713.9 969.3 3022 356.0 357.6 1,579.4 299.9 719.4 993.4 312.9 368.0 86.10 83.43 82.12 83.35 109.2 111 121.3 114 109 103 110.2 100.7 110.6 111 122.4 117 110 102 111.7 130.7 5.8 111.4 4.0 112.1 2.9 133.1 3.5 1482 9.4 159.5 6.5 135.4 5.7 364.0 106.6 1042 96.5 '96.8 107.3 112 122.8 121 '110 102 111.4 '97.3 135.6 22 115.4 1.0 1152 5.1 136.6 2.4 156.9 4.6 168.8 5.6 143.0 2.6 136.0 3.1 114.9 0 115.8 5.9 136.9 3.1 157.6 4.3 169.7 5.5 143.7 2.1 105.5 '109 123.3 118 110 99 '1082 '1082 '123.4 '116 Consumer Price Indexes (1982-84=100) 320 4 738 4 735 4 736 4 732 4 737 4 733 United States, NSA Percent change over 6-month span, AR Japan, NSA Percent change over 6-month span, AR Federal Republic of Germany, NSA . Percent change over 6-month span, AR France, NSA Percent change over 6-month span, AR United Kingdom, NSA Percent change over 6-month span, AR Italy, NSA Percent change over 6-month span, AR Canada, NSA Percent change over 6-month span, AR 6.6 6.8 142.3 72 1352 22 114.8 .3 114.7 5.0 136.3 2.5 156.4 4.9 168.2 6.1 142.3 1.6 354.1 1,542.4 280.5 694.7 969.3 289.1 369.8 394.1 1,696.8 300.8 740,0 1,047.6 318.0 391.2 405.0 1,7852 314.8 822.6 1,137.9 336.5 395.0 413.0 1,803.2 324.2 820.1 1,168.0 342.0 392.0 4112 1,7762 840.7 1,155.9 331.6 400.7 411.5 1,712.1 339.3 810.1 1,155.9 '355.9 391.6 83.51 82.12 88.12 91.41 9229 95.18 2.9 165.4 6.6 141.7 7.7 2.1 135.7 2.1 153.8 4.8 167.0 6.5 141.7 5.0 167.4 ""1572 42 169.9 5.7 143.8 1.1 1372 137.4 115.0 •"117.0 "138.0 '"158.1 158.7 . . _ 170.4 "143.9 Stock Price Indexes (1967=100, NSA) 19* 748 • 745* 746 • 742* 747 • 743* United States japan Federal Republic of Germany France .•. United Italy 750* Exchange value of U.S. dollar, index: March 1973=100, NSA3 Foreign currency per U.S. dollar (NSA): japan (yen) Federal Republic of Germany (d. mark) France (franc) United Kingdom (pound) Italy (lira) !. Canada (dollar) 1,974.9 355.6 835.0 1,043.0 409.1 386.6 327.9 421.2 423.6 420.8 413.6 1,639.9 1,593.0 1,612.8 '1,724.3 '3302 326.3 '320.3 329.1 871.7 '862.4 832.6 810.1 1,168.0 '1,212.1 '1226.8 '1,1822 '335.2 325.8 '318.9 '309.3 382.8 397.5 397.3 400.0 Exchange Rates 758* 755* 756* 752* 757* 753* See footnotes on page C-6. 144.82 1.6159 5.4449 .5630 1,198.05 1.1670 129.22 133.89 138.44 129.59 1.4857 1.4982 1.5238 1.5701 5.1032 5.0020 5.2575 .5140 .5091 .5321 .5203 1,172.87 1,141.62 1,117.04 1,129.26 1.1600 1.1635 1.1603 1.1583 95.19 93.47 91.18 130.54 130.77 136.82 138.22 137.11 133.70 134.30 137.39 137.83 139.75 1.4805 1.6893 1.7435 1.7199 1.7027 1.5091 1.6933 1.6122 1.7852 1.7828 5.0398 5.7583 5.9244 5.8282 5.7540 5.1253 5.7621 5.4862 6.0596 6.0483 .5091 .5603 .5938 .5801 .5715 .5169 .5792 .5490 .6056 .6062 1,134.38 1,111.19 1,201.96 1261.57 1275.67 1,325.09 1,329.55 1,303.31 1266.25 1263.20 1.1549 1.1279 1.1452 1.1499 1.1535 1.1560 1.1370 1.1572 1.1493 1.1439 C-6 SURVEY OF CURRENT BUSINESS November 1991 FOOTNOTES FOR PAGES C-l THROUGH C-5 a AR c © e * Anticipated. Annual rate. Corrected. Copyrighted. Estimated. Available data for later period(s) listed in notes. NSA P r • § o Not seasonally adjusted. Preliminary. Revised. Graph included for this series. Major revision-see notes. End of period. L,C,Lg,U Cyclical indicator series are classified as L (leading), C (coincident), Lg (lagging), or U (unclassified) at reference cycle peaks, troughs, and overall. Series classifications are shown in parentheses following the series titles. $ Cyclical indicator series denoted by $ are inverted (i.e., the sign is reversed) for cyclical analysis calculations, including classifications, contributions to composite indexes, and current high values, t Cyclical indicator series denoted by f are smoothed by an autoregressive-moving-average filter developed by Statistics Canada. For information on composite indexes and other concepts used in this section, see "Composite Indexes of Leading, Coincident, and Lagging Indicators" in the November 1987 SURVEY OF CURRENT BUSINESS and "Business Cycle Indicators: Revised Composite Indexes" in the January 1989 SURVEY. References to series in this section use the prefix "BCI-" followed by the series number. Unless otherwise noted, series are seasonally adjusted. Percent change data are centered within the spans: 1-month changes are placed in the ending month, 3-month changes are placed in the 3d month, 6-month changes are placed in the 4th month, 1-quarter changes are placed in the ending quarter, and 4-quarter changes are placed in the 3d quarter. Diffusion indexes are defined as the percent of components rising plus one-half of the percent of components unchanged. Diffusion index data are centered within the spans: 1-month indexes are placed in the ending month and 6-month indexes are placed in the 4th month. High values reached by cyclical indicators since the last reference cycle trough (November 1082) are shown in boldface type; high values reached prior to the period shown in the table are listed at the bottom of each page. For inverted series, low values are indicated as highs. Sources for series in this section are shown on pages C-47 and C-48 in the October 1991 SURVEY. Page C-l 1. A component's contribution measures its impact, in percentage points, on the percent change in the index. Each month, the sum of the contributions plus the trend adjustment factor equals (except for rounding differences) the index's percent change from the previous month. The trend adjustment factors are 0.142 for the leading index, —0.186 for the coincident index, and 0.030 for the lagging index. 2. Excludes BCI-57, for which data are not available. 3. Excludes BCI-77, for which data are not available. 4. Excludes BCI-77 and BCI-95, for which data are not available. 1. Copyrighted. This series may not be reproduced without written permission from Commodity Research Bureau, Inc., 75 Wall Street, 22d Floor, New York, NY 10005. Page C-4 * Preliminary November values: BCI-85 = 1.03, BCI-119 = 4.89, BCI-114 = 4.65, BCI-116 = 8.73, BCI-115 = 7.83, BCI-117 = 6.72, and BCI-109 = 7.60. 1. This index is compiled by the Center for International Business Cycle Research (CIBCR), Graduate School of Business, Columbia University, New York, NY 10027. Page C-2 * Preliminary November values: BCI-122 = 50.6 and BCI-123 = 66.9. 1. Data exclude Puerto Rico, which is included in figures published by the source agency. 2. Copyrighted. This series may not be reproduced without written permission from the University of Michigan, Survey Research Center, P.O. Box 1248, Ann Arbor, MI 48106-1248. 3. Copyrighted. This series may not be reproduced without written permission from McGrawHill Information Systems Company, F.W. Dodge Division, 1221 Avenue of the Americas, New York, NY 10020. Page C-3 * Preliminary November values: BCI-23 = 270.9, BCI-19 = 387.32; anticipated 4th quarter values: BCI-61 = 540.91 and BCI-100 = 541.15. Page C-5 * Preliminary November values: BCI-19 = 421.3, BCI-748 = 1,669.9, BCI-745 = 323.6, BCI746 = 841.9, BCI-742 = 1,150.0, BCI-747 = 297.5, BCI-743 = 408.4, BCI-750 = 88.16, BCI-758 = 129.79, BCI-755 = 1.6260, BCI-756 = 5.5568, BCI-752 = 0.5621, BCI-757 = 1,224.05, and BCI-753 = 1.1284. 1. Balance of payments basis: Excludes transfers under military grants and Department of Defense sales contracts (exports) and Department of Defense purchases (imports). 2. Organisation for Economic Co-operation and Development. 3. This index is the weighted-average exchange value of the U.S. dollar against the currencies of the other G-10 countries plus Switzerland. Each country is weighted by its 1972-76 global trade. For a description of this index, see the August 1978 Federal Reserve Bulletin (p. 700). C-7 SURVEY OF CURRENT BUSINESS November 1991 CYCLICAL INDICATORS Composite Indexes Aug. Apr. P T Apr. Feb. P T Dec. Nov. P T Nov. Mar. P T Jan. July July P T P Nov. T 910. Composite index of 11 leading indicators (series 1,5,8,19,20,29,32,83,92,99,106) 920. Composite index of 4 coincident indicators (series 41,47,51,57) o I . jJrJ^ 930. Composite index of 7 lagging indicators (series 62,77,91,95,101,109,120) ±_ j ^ 130+ 120 - J 11010090- +7 70- 60- 50 J 940. Ratio, coincident index to lagging index 120 -i -27 110100- • 90 - 1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 911992 NOTE—The numbers and arrows indicate length of leads ( - ) and lags (+) in months from business cycle turning dates. Current data for these series are shown on page C-1. C-8 SURVEY OF CURRENT BUSINESS November 1991 CYCLICAL INDICATORS Composite Indexes: Rates of Change Aug. Apr. P T Apr. Feb. P T Dec. Nov. P T Nov. Mar. P T Jan. July July Nov. P T P T Percent change at annual rate 910c. Composite index of 11 1-month span 3-month span 920c. Compo3fl» index of 4 coincident Indicators 930c. Composite index of 7 tagging indicators Composite Indexes: Diffusion Percent of components rising 950. Diffuslajtindex of 11 leading Indicator components 1-month span — 6-month span — 100 - 50- ()• 951. DiffusiQt|ndex of 4 coincident indicator components 100 50- 0 952. OiffusiofiSndex of 7 lagging Indicator components: 100 50- 01955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 911992 NOTE.—Current data for these series are shown on page C-1. C-9 SURVEY OF CURRENT BUSINESS November 1991 CYCLICAL INDICATORS Composite Indexes: Leading Index Components Aug. Apr. P T Apr. Feb. P T Dec. Nov. P T Jan. July July P T P Nov. T 4 1 —• 3938- 200-j 300- r 400- " c 500800700 8. Manufacturers' new orders in materials Industries (bil. dot.) J HO-i 10C 3080r 70- - 60 - \ 100 75- GU-i i 40 -j 1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 911992 NOTE.—Current data for these series are shown on page C-2. C-10 SURVEY OF CURRENT BUSINESS November 1991 iYCLlCAL INDICATORS Composite Indexes: Leading Index Components-Continued Aug. Apr. P T Apr. Feb. P T Dec. Nov. P T Nov. Mar. P T Jan. July July Nov. P T P T 29. Newvprlvate housing units authorized $ locatrbuildingjjermits (index: 1967=10% L.L rers' unfilled orders In 19K»llars, dura smoothed1 _ (b!l. dol.); jtlve materials prices, smoothed1 & t rcent) 19. Stock prices|p0O common stocks (Index: 1941-43*10) | W J : ' ?«li - •• 100 - 106. Money supply M2 in 19S2 dollars (bll. dol.) 1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 911992 1. This series is smoothed by an autoregressive-moving-average filter developed by Statistics Canada. 2. This is a copyrighted series used by permission; it may not be reproduced without written permission from the University of Michigan, Survey Research Center. NOTE.—Current data for these series are shown on pages C-2. C-3, and C-4. SURVEY OF CURRENT BUSINESS November 1991 CYCLICAL INDICATORS Composite Indexes: Coincident Index Components Aug. Apr. PI Apr. Feb. P T Dec. Nov. P T Nov. Mar. PI Jan. July July Nov. P T P T 57. Marfigcturing aMtrtfle sales In 1982 1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 911992 NOTE—Current data lor these series are shown on page C-2. C-ll C-12 SURVEY OF CURRENT BUSINESS November 1991 CYCLICAL INDICATORS Composite Indexes: Lagging Index Components Aug. Apr. P T Apr. Feb. P T Nov. Mar. P T Dec. Nov. P T Jan. July July Nov. P T P T 91. Average duration # unemployment (weeks—inverted scale) •••-, 77. Ratio, manufacturing &d t ! S 1 '• - 'I 62.$iange in index of labor cost per « p of output, IWnufacturing, smoothed1 (ann. ratiCpercent) 109. Average prime rate chafpd by banks (percent) 101.Commercl (bil. dol.) Vy) -i Industrie toans outstanding in1 l * W 95. mo, consumer installment credit oi&tandiBf to I Incomtpercent) | Lg.LgXil iJ |SJ * 120. Change In Consumer (ann. rate, percent) for services, smoothed ion -5 1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 1. This series is smoothed by an autoregressive-moving-average filter developed by Statistics Canada. NOTE.—Current data for these series are shown on pages C-2, C-3, and C-4. 86 87 88 89 90 911992 C-13 SURVEY OF CURRENT BUSINESS November 1991 CYCLICAL INDICATORS Employment and Unemployment Jan. July P T July Nov P T Average week|*««tlme hours of productionir ng (hours) 1777 4-1 3- In newspapers (tepex: - 180-i 160140- , 120 - . 100 - ' 2Z0-, 210- hours In nonagricultu bll. hours) [ u 7 7 200190- ! 180- • i;o- < 160 -I payrolls, goods-producing 26-: 24 - " 22- H •-, 6 H 6261- . 50 - 59 - ' b8b/ 56- »3. Civilian unemployment ate 8-1 S 1964 65 66 67 68 69 70 71 NOTE.—Current data for these series are shown on page C-2. 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 1991 C-14 SURVEY OF CURRENT BUSINESS November 1991 CYCLICAL INDICATORS Production and Income Dec. P Nov Nov. T Mar P Jar July T P T July Nov. P T in 1982 dollars, Q (ann. rate, b«. dol.) salaries in 1982 d c M s , mlrdrtfc manufacturing, and n (ann. rate, bil. dol.|;|cfc, 3 I rable manufactures (index: 1 73. Industrial production, durable manufactures (index: 1987=100) $ | Capacity utilization rate, 1964 65 66 67 68 69 70 71 NOTI.—Current data for these series are shown on page C-2. 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 1991 C-15 SURVEY OF CURRENT BUSINESS November 1991 CYCLICAL INDICATORS Consumption, Trade, Orders, and Deliveries Dec. Nov. P T new orders i f 1 goods Industries (bfcdol. MO 80 1964 65 66 67 68 69 70 71 NOTE.—Current data for these series are shown on page C-2. 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 1991 C-16 SURVEY OF CURRENT BUSINESS November 1991 CYCLICAL INDICATORS Fixed Capital Investment Ian. July P T Dec. Nov P T July P Nov. T 160 - 140120100 80- 7060504030- 20- 60 50 Manufacturers' new 40- 30- 20- 10 J and Industrial moving avg.) HO-i 100 908070605040- 1964 65 66 67 68 69 71 72 73 74 75 76 77 78 79 1. This is a copyrighted series used by permission; it may not be reproduced without written pennission trom McGraw-Hill Information Systems Company, F W Dodge Division. NOTE.—Current data for these series are shown on page C-2 80 81 82 83 84 85 86 87 88 89 90 1991 C-17 SURVEY OF CURRENT BUSINESS November 1991 CYCLICAL INDICATORS Fixed Capital Investment-Continued Dec. Nov. PI Nov P Mar. T Jan. Jj!y July Nov P T P T 600 - K H i p l plant and equipment exMnditugt*j$ business in *! dollars, Q (ann. rate, bit dol.) v - 500 - 4C0- 300 - ) ' 200 • 600 - 11 69. Manufactwnfe machinery and equipment saiea.*^,^ business «trMruction expenditures (anfe, ra 500 400- 300 -j' » • • 'ft- ! * r ~ 7 k"- M';*"./•. I 200-1 i10 '«*V» »» 1 l?(l 120 -J 100 ..- 60- sos bCO400 - JBO-j tX ^ti<^ H 150 - 1964 65 66 67 68 69 70 71 NOTE.—Current data tor these series are shown on page C-3. 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 1991 C-18 SURVEY OF CURRENT BUSINESS November 1991 CYCLICAL INDICATORS Fixed Capital Investment-Continued Jan. July P T Dec. Nov. P T July P Nov. T Inventories and Inventory Investment business Inventories 1*8982 bil. dol.) [T 30. in manufacturing amnade rate, bil. dol.; 6-term mflng 1964 65 66 67 68 69 70 71 NOTE—Current data lor these series are shown on page C-3. 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 1991 C-19 SURVEY OF CURRENT BUSINESS November 1991 CYCLICAL INDICATORS Prices, Costs, and Profits Dec. P Nov. T Nov P Mar. Jan. July P T r July P Nov T 23. %ot market prices, raw (Index: 1967=100) tax In 1982 dofer», Q (ann. rate,tail,dot.) rrent dollars, Q (ann. rate, bit doQ 16. Corporate profnsjper 22. Ratio, income* domestic profits afteefax to 81. Ratio, corporate donggggc profits after tatWtn IVA and CCAdj to corporate domestic $ | p e , Q (percent)'1 26. Ratftfefeipliclt price d e f l j p t p unit labor cost, nonfarittbusln ^ i Q ( I d x : 1982=t#£ [ t i l l 1964 65 66 67 68 69 70 71 72 73 74 75 76 77 78 IVA Inventory valuation adjustment. CCAdj Capital consumption adjustment. 1. From June 1981 forward, this is a copyrighted series used by permission; it may not be reproduced without written permission from Commodity Research Bureau, Inc. NoTE.-Current data for these series are shown on page C-3. 79 80 81 82 83 84 85 86 87 88 89 90 1991 C-20 SURVEY OF CURRENT BUSINESS November 1991 CYCLICAL INDICATORS Money and Credit Dec. Nov. P T Jan. July P July Nov. P T T supply M1 (percent; M2 (percent; 6-terni rawing Whngeln business loans dol.; 6-term moving in consumer instsJ bH. dol.; &4Mih nwvpjB nvc ,,U .,* 87 88 -,-...• by private nonfi Q (arm. rate, bil.MW.) 1964 65 66 67 68 69 70 71 NoTE.-Current data tor these series are shown on page C-4. 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 89 90 1991 C-21 SURVEY OF CURRENT BUSINESS November 1991 CYCLICAL INDICATORS Money and Credit-Continued Dec. Nov. Nov. Mar. P T P T Jan. July P T July P Nov T Alternative Composite Indexes 1964 65 66 67 68 69 70 71 72 73 CIBCR Center tor International Business Cycle Research (Columbia University). NOTE.—Current data for these series are shown on page C-4. 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 1991 C-22 SURVEY OF CURRENT BUSINESS November 1991 OTHER IMPORTANT ECONOMIC MEASURES Price Movements Other Measures Jan. July P T July P Jan. July P T Nov. T July P Nov. T Percent change at annual rats Personal saving rate, Q (percent) business product (1-Q span) Indexes for all urban consumers Government surplus or deficit, Q rate, bil. dol.) 323c. All Hems less food and energy Qo 336c Finished goods output per hour, all persons, sector (arm. rate, percent) 4-quarterspan goods less foods and energy m\ Finished consumer goods rchases of goods defense, Q 333c Capital equipment Imports, adjusted, excluding (am. rate, bfl. dol.) materials for further processing exports, adjusted, 1979 80 81 82 83 84 85 86 87 NOTE.—Current data for these series are shown on pages C-4 and C-5. 88 89 90 1991 1979 80 81 82 83 84 85 86 87 88 89 90 1991 C-23 SURVEY OF CURRENT BUSINESS November 1991 OTHER IMPORTANT ECONOMIC MEASURES International Comparisons: Industrial Production International Comparisons: Consumer Prices Jan. July P T July P Nov. T Jan. July P T July P Nov. T change over 6-month span, annual rate 10 J ; 7 2 1 . m m European countries -10 Federal Republic of Germany 2;; • ,: I 1979 80 81 82 83 84 85 86 NOTE—Current data for these series are shown on page C-5. 87 88 89 90 1991 1979 80 81 82 83 84 85 86 87 88 89 90 1991 C-24 SURVEY OF CURRENT BUSINESS November 1991 OTHER IMPORTANT ECONOMIC MEASURES International Comparisons: Stock Prices International Comparisons: Exchange Rates Jan. July P T July P Nov T Jan. July P 1 July Nov. exchange value of the U.S. dollar 1973=100) 745. Federal Repubttc of Germany 1979 80 81 82 83 84 85 86 NOTE.—Current data for these series are shown on page C-5. 87 88 89 90 1991 1979 80 81 82 83 84 85 86 87 88 89 90 1991 CURRENT BUSINESS STATISTICS Revised monthly estimates of personal income consistent with the just released comprehensive revision of the national income and product accounts will be released in late December and will appear in this section next month. The personal income estimates in this month's "Current Business Statistics" section are on an unrevised basis. Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources are provided through the courtesy of the compilers and are subject to their copyrights. Current data for the series shown in the S-pages are available on diskette on a subscription basis or from the Commerce Department's Economic Bulletin Board. Historical data, data sources, and methodological notes for each series are published in BUSINESS STATISTICS, 1961-88. For more information, write to Business Statistics Branch, Current Business Analysis Division (BE-53), Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230. NOTE.—This section of the SURVEY is prepared by the Business Statistics Branch. Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, Annual 1991 1990 Sept. | Oct. | Nov. | Dec. | Jan. j Feb. g Mar. [ A p r . | May | June | July | Aug. | Sept. | 1990 1961-88 Oct. GENERAL BUSINESS INDICATORS PERSONAL INCOME BY SOURCE f [Billions of dollars] Seasonally adjusted, at annual rates: Total personal income Waae and salary disbursements, total Commodity-producing industries, total Manufacturing Distributive industries Service industries Govt and govt. enterprises Other labor income Proprietors' income: i Farm Nonfarm Rental income of persons with capital consumption adjustment Dividends Personal interest income Transfer payments : Less: Personal contributions for social insurance Total nonfarm income 4,384.3 4,645.5 4,697.8 4,695.9 4,716.2 4,743.3 4,723.8 4,733.3 4,750.4 4,755.8 4,787.3 4,811.0 '4,802.4 '4,825.8 '4,846.8 4,8575 2,573.2 720.6 541.8 604.7 771.4 476.6 241.9 2,705.3 729.3 546.8 6375 830.8 508.0 258.1 2,747.2 736.0 552.1 644.9 852.8 513.5 261.2 2,731.6 730.4 549.5 638.6 846.8 515.8 2625 2,731.6 721.0 541.1 641.7 850.8 518.1 2635 2,753.6 726.5 547.8 645.3 861.3 520.5 264.2 2,741.0 716.4 540.2 639.7 857.9 527.0 265.2 2,741.9 713.0 535.8 6395 859.6 530.0 2665 2,745.6 709.4 534.0 640.3 863.5 532.4 267.2 2,7505 710.7 536.8 639.7 866.6 533.2 268.2 2,772.6 715.9 5415 644.7 877.0 535.0 269.2 2,799.4 721.0 545.9 652.4 889.5 536.5 2705 2,790.7 721.9 547.4 646.0 883.4 539.4 2715 '2,805.4 '726.2 551.5 '648.9 '891.0 539.4 2725 '2,818.1 '726.4 '551.6 '651.7 '899.8 5405 2735 2,813.3 729.8 556.7 645.9 895.9 541.7 274.2 48.6 330.7 49.9 352.6 38.5 357.0 39.1 357.1 54.5 357.6 52.9 357.5 39.6 353.8 475 356.3 58.7 357.4 53.5 360.9 54.2 365.8 47.7 368.9 43.5 ' 370.9 42.4 '374.6 43.7 '378.9 53.3 379.9 4.3 127.3 667.1 780.7 242.8 4,781.7 8.2 6.9 10.8 126.1 687.5 710.0 228.4 4,635.3 8.3 6.8 5.1 4.9 5.0 5.5 5.6 6.2 75 9.5 123.8 680.4 694.8 2265 4,574.3 10.0 125.3 686.8 701.2 229.5 4,637.8 8.8 114.4 6432 636.9 212.8 4,314.6 126.8 688.1 714.0 228.4 4,6405 127.2 6885 721.2 229.9 4,668.8 1275 685.7 741.6 2375 4,662.6 127.6 681.8 744.5 237.2 4,664.4 125.3 678.6 750.1 237.4 4,669.9 1255 6765 754.5 237.8 4,680.4 125.6 674.1 759.7 239.3 4,711.1 125.7 672.5 762.1 241.1 4,741.3 126.3 670.8 764.3 241.4 '4,736.8 126.7 669.4 '770.4 '242.4 '4,761.4 127.2 668.1 '771.4 '243.2 '4,781.0 4,384.3 658.8 3,725.5 3,553.7 3,450.1 474.6 1,130.0 1,845.5 1025 4,645.5 699.4 3,946.1 3,766.0 3,657.3 480.3 1,193.7 1,983.3 107.8 4,697.8 715.0 3,982.8 3,832.6 3,723.4 488.2 1,214.8 2,020.5 107.9 4,695.9 713.8 3,982.1 3,829.5 3,720.5 474.6 1516.2 2,029.8 108.0 4,716.2 715.1 4,001.1 3,835.0 3,725.6 468.7 1,219.3 2,037.6 108.4 4,743.3 720.8 4,022.5 3,838.6 3,728.7 462.2 1512.5 2,053.9 109.0 4,723.8 714.9 4,008.9 3,817.7 3,707.8 440.3 1505.8 2,061.7 108.7 4,733.3 713.9 4,019.4 3,849.6 3,739.9 453.5 1,2153 2,0715 108.5 4,750.4 714.9 4,035.5 3,890.3 3,780.7 4725 1,217.0 2,091.5 108.5 4,755.8 715.6 4,040.3 3,872.0 3,762.6 450.0 1,212.3 2,100.4 108.3 4,787.3 716.4 4,070.8 3,901.9 3,793.0 448.9 1,228.0 2,116.1 107.9 4,811.0 717.7 4,093.3 3,920.0 3,811.6 4625 1,224.9 2,124.5 107.4 -4,802.4 714.4 "4,088.0 '3,939.6 '3,8315 '471.7 '1,229.9 '2,129.5 107.0 '4,825.8 '716.3 '4,109.5 '3,936.5 '3,828.3 '459.7 '1,227.1 '2,141.4 106.7 '4,846.8 '720.1 '4,126.7 '3,963.4 '3,855.8 '468.8 '1,223.1 '2,163.9 '1065 DISPOSITION OF PERSONAL INCOME t [Billions of dollars, unless othe/wise indicated] Seasonally adjusted, at annual rates: Total personal income Less: Personal tax and nontax payments Equals: Disposable personal income Less: Personal outlays Personal consumption expenditures Durable goods Nondurable goods Services ....'. Interest paid by consumers to business Personal transfer payments to foreigners (net) 4,8575 7225 1.4 .9 1.3 1.0 1.0 1.0 1.2 15 1.2 1.1 1.1 1.1 1.4 1.4 1.4 4,135.0 3,952.0 3,844.8 456.0 1,2225 2,166.6 105.8 1.4 Equals: personal saving Personal saving as percentage of disposable personal income § 171.8 4.6 180.1 4.6 150.2 3.9 152.5 3.9 166.1 4.2 183.9 4.5 191.3 4.5 169.8 45 145.1 4.0 168.3 4.0 168.9 45 173.3 4.0 '148.4 4.0 '173.1 '3.9 '163.3 183.0 Disposable personal income in constant (1982) dollars Personal consumption expenditures in constant (1982) dollars ... Durable goods Nondurable goods Services Implicit price deflator for personal consumption expenditures, 1982=100 2,869.0 2,656.8 428.0 919.9 1,309.0 2,893.5 2,681.6 427.4 911.1 1,343.1 2,886.8 2,698.8 434.0 911.6 1,3535 2,863.7 2,675.6 420.5 903.8 1,351.3 2,869.9 2,672.3 415.8 903.4 1,353.1 2,883.5 2,672.8 410.5 896.5 1,365.8 2,857.8 2,643.1 391.6 890.6 1,360.8 2,858.9 2,660.1 400.9 898.1 1,361.1 2,8695 2,688.0 416.3 902.5 1,369.3 2,865.9 2,669.0 398.6 897.2 1,373.2 2,876.9 2,680.6 397.1 907.1 1,376.4 2,890.9 2,691.9 408.5 902.2 1,381.3 '2,887.5 '2,706.1 '4145 '911.5 '1,380.4 '2,893.4 '2,695.4 '404.1 '906.9 '1,384.4 '2,896.5 '2,706.4 '410.5 '902.9 '1,392.9 2,695.0 4005 903.5 1,391.3 129.9 136.4 138.0 139.1 139.4 139.5 140.3 140.6 140.6 141.0 141.5 141.6 141.6 142.0 142.5 142.7 4.2 INDUSTRIAL PRODUCTION 0 [1987=100] Not seasonally adjusted: Total index 108.1 109.2 113.5 111.3 107.7 105.3 105.1 106.1 104.2 104.4 104.7 109.2 106.6 110.4 '111.3 '109.6 By industry groups: Mining Utilities Manufacturing Durable Nondurable 100.5 107.0 108.9 110.9 106.4 102.6 108.0 109.9 111.6 107.8 103.1 1065 115.1 116.1 113.9 103.7 96.9 113.3 114.6 111.7 106.0 1015 108.5 109.8 106.9 104.7 116.6 104.4 105.6 102.8 103.1 129.5 103.1 104.5 1015 105.0 120.7 104.9 106.1 103.4 102.3 109.6 103.9 104.9 102.5 100.2 100.0 1055 106.1 104.1 98.5 97.9 105.8 106.4 1055 100.9 106.8 110.3 109.6 111.1 '98.0 110.4 107.1 '105.1 '109.7 '100.8 '1095 '111.5 '108.8 '114.8 '99.9 '105.3 '112.9 '111.0 '115.3 '101.2 '96.8 ' 111.5 ' 110.5 '112.8 Seasonally adjusted: Total index 108.1 1092 110.6 109.9 108.3 107.2 106.6 105.7 105.0 105.5 106.4 107.3 '108.1 108.0 '108.2 '1085 108.6 109.1 106.7 110.1 110.8 107.3 111.4 112.6 108.7 111.0 112.3 108.6 109.3 1105 106.5 108.4 1095 105.7 107.8 109.1 105.6 106.9 108.3 104.7 106.5 108.1 104.7 106.9 108.7 105.5 107.7 109.3 106.6 108.6 110.1 108.0 '108.7 '1105 108.3 '108.5 '109.8 108.4 '108.9 '110.5 '1095 '108.9 '110.6 '109.5 By market groups: Products, total Final products Consumer goods See footnotes at end of tables. S-l SURVEY OF CURRENT1 BUSINESS S-2 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, 1961-88 1989 | November 1991 1990 Annual Sept. | 1990 Oct. | 1991 Nov. | Dec. Jan. | Feb. | Mar. Apr. | May | June July Aug. | Sept. | Oct. '104.0 '98.6 902 108.3 109.6 '107.4 '952 'J17.0 '"122.6 r 108.9 '111.7 '121.3 '130.4 '153.1 '108.5 '126.5 862 '90.0 86.7 90.3 ' 104.2 '96.5 ' 109.6 '107. '109.1 '107.; '1032 '107.6 '1062 103.0 '108.7 '109.7 '107.6 '95.1 '116.7 '124.4 '107.5 '112.1 '122.6 '130.8 '153.4 '108.6 '132.7 99. '89.0 80.1 '862 '103.9 '96.; '108.9 '107.2 ' 109.2 '108.4 '102.6 " 107.7 "107.5 "105.1 "108.0 "110.0 "107.8 "95.5 "117.7 "1252 "107.1 "111.9 "122.1 "130i "153.1 "108.7 "133.3 "101.1 "88.6 "79.0 "89.0 "103.6 "96.5 "108.6 "107.1 "108.8 "108.6 "102.6 101.5 '159.0 '110.8 '100.7 '159.3 '110.1 '94.7 "100.5 "158.0 "110.7 "94.4 '107.3 "107.5 "108.6 "113.7 "89.6 "108.9 "108.3 "93.8 "100.6 "95.7 "102.3 "100.6 "104.7 "101.4 "123.3 "110.9 "102.5 "100.5 "117.8 GENERAL BUSINESS INDICATORS-Continued INDUSTRIAL PRODUCTION O-Continued [1987=100] Seasonally adjusted-Continued By market groups—Continued Final products-Continued Consumer goods—Continued Durable Automotive products Autos and trucks Other durable goods Nondurable Foods and tobacco chemkarp^oducts"!!"!'.!!!!!!!!!'.."!!.!!!!!!!!!!!^ Paper products Energy products c Q U i p m 0 n i totdi •••#••••••••••••••••••••••••••••••••••••••••••••> Business equipment Information processing and related Office and computing machines Industrial Transit Autos and trucks Defense and space equipment Oil and gas well drilling Manufactured homes Intermediate products Construction supplies Business supplies Materials Durable Nondurable .... Energy By industry groups: .". W^iririinQ ZZZZZZZZZZZZZZZZZZZ. Coal !! Oil and gas extraction* Crude oil Natural gas Stone and earth minerals Utilities . Electric Gas Manufacturing Durable : , Lumber and products Furniture ana fixtures Clay, glass, and stone products .. Primary metals Iron and steel Nonferrous Fabricated metal products Z " Nonelectrical machinery Electrical machinery Transportation equipment Motor vehicles and parts Instruments , Nondurable Foods .ioOdcco products »•••••••••••••••••••••••••••#•••••••••••••••» Textile mill products Apparel products Paper and products Printing and publishing '..'..! Chemicals and products Petroleum products Rubber and plastics products Leather and products 107.9 106.9 105.7 108.8 106.4 1042 101.6 109.5 114.3 106.7 112.3 119.1 121.7 137.2 113.8 123.8 103.9 97.4 93.7 92.3 106.8 106.1 107.3 107.4 111.6 105.3 101.3 106.1 1022 972 109.3 107.6 105.9 95.7 1132 119.6 105.9 115.5 123.0 1272 149.6 1152 130.0 96.7 97.3 109.3 90.6 107.7 1052 109.4 107.8 111.8 106.0 102.1 110.4 111.8 113.0 109.3 1082 105.3 95.3 115.1 121.9 108.0 117.8 126.4 129.5 153.6 117.4 140.5 111.0 97.3 107.4 91.8 107.4 103.8 109.9 109.4 114.1 106.9 103.0 106.9 107.1 107.5 106.8 109.1 106.7 942 115.9 123.4 108.8 117.0 125.4 130.1 155.3 115.4 137.5 106.5 97.3 107.1 89.0 107.0 103.1 109.7 108.3 112.5 106.5 102.3 100.5 141.4 105.7 95.5 91.4 102.7 113.9 107.0 108.1 103.0 108.9 110.9 103.1 105.3 108.0 1092 109.3 109.0 1072 121.8 109.5 1072 104.9 116.4 102.5 152.8 113.4 95.5 87.5 104.6 119.3 108.0 110.8 97.7 109.9 111.6 101.1 105.9 105.8 1082 109.7 106.1 105.8 126.5 111.4 105.5 96.8 116.9 103.9 163.6 116.8 95.8 86.8 105.7 121.7 106.4 105.5 99.6 101.9 104.3 1032 108.5 108.5 106.1 108.9 103.7 107.8 107.6 98.7 100.7 98.8 105.4 112.0 110.1 108.3 110.2 95.9 88.9 76.7 101.4 107.1 105.4 90.4 1142 122.2 105.5 112.5 120.3 131.2 155.1 109.5 120.4 76.7 93.9 107.7 79.3 101.3 94.0 106.4 102.6 103.3 102.8 101.3 99.3 942 85.0 103.4 1072 105.3 90.6 115.0 122.7 104.4 112.8 121.3 131.5 155.6 109.3 124.1 84.4 92.5 105.1 83.1 1012 94.9 105.6 103.4 104.9 103.1 101.1 101.1 97.4 89.2 104.1 108.1 106.2 92.0 113.9 121.8 109.0 112.7 121.7 131.8 155.6 109.3 125.9 87.9 91.5 101.3 86.6 •102.7 95.8 107.5 104.5 1062 103.7 102.4 104.2 100.4 92.5 107.3 109.0 106.9 93.9 114.3 123.3 110.0 112.8 121.9 130.9 154.0 109.1 128.0 90.8 91.0 103.0 90.8 104.0 97.4 108.5 105.4 106.7 104.9 103.4 ' 105.5 '102.3 98.1 '108.1 '109.0 '106.9 '94.3 '115.4 122.1 109.4 '112.8 '122.5 131.1 156.0 '109.0 1312 101.5 147.6 109.9 96.4 88.4 104.9 108.0 106.4 109.8 93.6 105.2 105.0 91.2 95.4 94.4 94.7 92.0 98.4 97.8 123.1 108.6 95.0 79.8 118.4 105.4 107.4 98.2 95.4 92.5 101.3 110.4 1082 108.5 104.4 91.5 100.9 145.7 105.9 96.6 88.7 106.3 107.0 105.9 109.8 91.6 105.9 106.0 92.7 98.3 94.2 94.5 91.6 98.5 98.0 123.5 109. 972 862 118.6 105.9 107.6 97.6 972 932 101.3 110. 109.0 105.: 106.6 90.0 1002 148.0 103.4 96.0 87.6 107.5 107.5 111.4 116.4 92.8 106.6 106.7 92.5 98.5 95.1 96.9 94.0 101.0 99.1 123.6 110.6 98.2 89.8 1182 106.5 107.8 98.7 992 952 101.3 110.6 1092 107.5 1092 89.5 102.1 157.0 110.2 96.9 87.6 110.1 106.4 111.5 117.1 90.7 102.7 ' 153.0 116.0 96.4 88.3 109.0 107.8 110.9 116.6 89.7 108.3 108.1 '94.8 100.5 '95.8 1012 99.5 103.5 100.9 '123.9 111.0 '101.3 96.: 116.5 '108.6 M08.3 '102.6 '1042 97.8 108.1 '111.9 '111.5 108.3 "110.1 '91.0 531,115 530,872 234,886 119,721 115,165 551,778 535,926 145,019 68,945 76,074 121,024 117265 152,710 54,074 98,636 144,927 68,564 76,363 551,353 536.977 239,118 122,240 116,878 152,642 54212 98,430 145217 69,347 75,870 520,634 143,608 69,022 74,586 532,805 523,117 228,715 114,487 114,228 151,467 53,725 97,742 142,935 69,280 73,655 462.215.3 123.1 124.0 460.4 213.1 123.7 123.7 219.3 123.2 126.2 472.6 222.0 1242 126.5 473.9 2228 124.1 127.1 478.2 223.7 124.7 129.8 108.5 107.8 91.7 113.5 122.8 106.4 115.1 122.9 128.8 149.8 115.3 126.3 83.9 96.2 109.7 87.3 1062 101.8 1092 106.8 110.4 105.6 101.6 96.0 86.7 74.6 103.4 108.4 107.5 92.1 113.5 122.7 106.6 113.6 121.2 1275 148.9 112.3 123.4 75.3 95.8 107.3 83.4 106.0 101.0 109.4 105.3 107.5 104.9 102.0 97.6 90.6 79.6 1032 107.8 106.3 90.6 114.7 122.1 106.5 113.6 121.6 130.1 155.0 111.5 124.0 79.8 94.4 106.4 83.1 103.8 97.7 108.1 104.8 106.8 104.9 101.1 952 88.1 74.7 100.7 107.3 105.9 90.8 114.8 121.0 1052 112.9 120.6 131.6 157.3 109.1 120.3 75.0 94.5 1082 77.3 102.6 146.8 114.7 95.8 87.5 104.8 118.0 109.2 112.1 98.1 110.7 112.5 982 104.4 104.4 108.6 110.3 1062 106.4 128.1 110.8 109. 103.8 118.1 103.3 153.4 112.9 97.3 89.0 106.5 113.5 106.9 109.6 97.0 108.9 109.9 95.5 102.3 103.8 109.1 112.6 104.1 104.3 126.3 110.4 100.1 85.8 118.1 103.4 162.0 110.6 96.7 90.5 103.4 118.9 108.8 111.8 97.6 107.5 107.5 93.5 102.0 100.7 1042 107.3 99.8 101.9 124.7 108.7 96.6 78.5 117.3 101.7 143.1 108.4 96.0 89.9 101.8 1192 107.6 110.4 97.5 107.0 107.2 942 99.0 972 99.7 99.0 100.6 101.7 125.5 107.6 97.6 83.0 119.0 102.9 148.0 112.8 97.2 89.0 106.4 112.0 104.6 107.8 92.8 106.1 106.1 91.5 94.9 98.9 99.5 98.0 101.6 99.1 108.4 108.8 97.8 1012 97. 106.8 112.9 110.7 108.6 110.6 107.4 109.1 101.1 96.1 94.9 105.4 112.8 109.9 105.6 106.9 92.6 106.8 108.3 100.0 94.0 92.9 104.2 112.1 110.1 104.7 108.8 95.3 107.7 109.6 99.0 97.4 95.5 105.1 112.4 110.0 107.8 109.6 89.9 6,515,005 554,011 573,259 '6,515,005 '549,804 '554,938 '2,917,465 247,916 251,953 1,504,650 125,783 127,692 1,412,815 122,133 124261 '1,807,219 ' 151,970 '151,984 654,757 ' 5 4 2 7 6 '54296 '97,694 '97,688 1,152,462 '1,790,321 '149,918 151,001 71,584 876,182 '72,515 79,4r 914,139 '77,403 549,639 546,714 245,827 122,693 123,134 152,711 54,152 98,559 148,176 69,739 78,437 556219 534,361 236,575 118,578 117,997 149,750 52,402 97,348 148,036 71,045 76,991 485259 527,074 234,548 117,648 116,900 147,803 50,897 96,906 144,723 69,094 75,629 491,129 527,915 233,215 117,432 115,783 151,092 53,235 97,857 474.3 222.9 124.7 126.6 464.6 216.1 122.3 126.3 460.5 215.7 12O.< 124.3 110.3 112.9 100.9 1112 113.8 100.3 106.9 104.5 111.6 113.9 108.4 106.8 128.5 112.5 111.1 107.5 118.4 108.0 107.6 96.4 100.7 98.4 107.5 111.6 110.9 109.3 110.3 100.3 99.4 93.5 842 104.1 102.6 96.4 106.8 103.9 105.5 103.6 101.1 124.5 1082 95.5 79.4 119.3 106.0 107.6 100.1 94.3 93.1 1022 110.9 109.1 108.8 106.1 90.8 107.5 107.3 96.7 99.4 95.0 96.4 92.9 101.5 99.8 123.4 111.5 99.7 92.5 117.3 107.6 108.6 99.4 101.7 962 105.3 111 109.6 109.6 110.5 90.9 96.6 '90.0 97.8 86.5 104.0 '96.9 '109.0 '107.0 '108.2 '108.1 104.1 '95.; '88.; 108.8 '106.8 r 1102 '115.6 '90.2 '108.4 '107.9 '95.0 '101.1 '95.; '103.0 '100.9 '106.0 101.3 '123.3 '111.8 98.9 91.6 ' 116.9 '109.0 M08.7 '104. '104.7 '98.7 '106.5 '112.3 '112.1 '107.3 '112.0 '88.0 108.5 113.6 '89.6 '108.9 '108.6 '94.9 '101 '95.3 '102.; '100.9 '1052 '101.5 '123.5 r 111.9 1022 '99.4 r 118.0 '109.3 109.2 '103.0 r 103.4 '98.5 '1082 '112.5 '112.3 '108.9 '112.4 r '86.5 BUSINESS SALES [Millions of dollars; constant (1982) dollar series in billions of dollars] Manufacturing and trade sales (unadj.), total Manufacturing and trade sales (seas, adj.), total Manufacturing, total Durable goods industries Nondurable goods industries Retail trade, total Durable goods stores Nondurable goods stores Merchant wholesalers, total Durable goods establishments Nondurable goods establishments Manufacturing and trade sales in constant (1982) dollars (seas, adj.), total Manufacturing Retail trade Merchant wholesalers See footnotes at end of tables. 6,310,071 '6,310,071 '2,840,264 1,494,388 1,345,876 '1,741,748 652,184 1,089,564 '1,728,059 842,065 885,994 4832 227.9 125.8 129.6 482.5 228.9 125.0 128.6 150,967 53,490 97,477 541,023 '550,380 '539,578 '241,894 '124,459 '117,435 '152,160 '53,390 '98,770 240,193 122,994 117,199 153,195 54,117 99,078 147,635 '145,524 70,618 '69,902 77,017 '75,622 476.' 224.5 123.7 1282 551,352 541,977 242,305 125,113 117,192 153,025 54,526 98,499 146,647 71,315 75,332 "109.5 "109.4 "102.4 "103.4 "98.9 "108.1 "112.7 "113.0 "107.8 "112.5 "85.3 SURVEY OF CURRENT!1 BUSINESS November 1991 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, 1961-88 Annual 1989 S-3 1990 1990 Sept. I Oct I 1991 Nov. I Dec. Jan. | Feb. | Mar. Apr. | May 820,398 820214 812,683 1 June July | Aijg. | Sept. GENERAL BUSINESS INDICATORS-Continued BUSINESS INVENTORIES [Millions of dollars; constant (1982) dollar series in billions of dollars] Manufacturing and trade inventories, book value (non-LIFO basis), end of period, (unadjusted), total Manufacturing and trade inventories, book value (non-LIFO basis), end of period, (seas, adj.), total 823,540 798,787 815,348 810,257 826,941 '825,964 388,811 390,992 252,836 255,278 135,975 135,714 242,563 241,895 120,629 122,303 121,934 119,592 195,567 ' 193,077 128,619 '127,705 66,948 '65,372 Manufacturing, total Durable goods industries Noooufcioio QOOOS industries 383,825 253,261 130,564 Retail trade, total Durable goods stores Nondurable goods stores 238,159 120,663 117,496 Merchant wholesalers, total Durable goods establishments Nondurable goods establishments 188,273 123,436 64,837 Manufacturing and trade inventories in constant (1982) dollars, end of period (seas, adj.), total Manufacturing Retail trade Merchant wholesalers 698.2 334.3 195.0 168.9 843,061 847,768 815,348 824,829 826,941 830,414 832,464 391,460 255,113 136,347 392,370 256,387 135,983 252,836 135,975 244,901 124,048 120,853 244,550 122,947 121,603 242,563 120,629 121,934 831,445 388,381 252,170 136,211 244,071 121,217 122,854 194,053 127,235 66,818 195,544 127,971 67,573 195,567 128,619 66,948 697.8 332.8 195.7 169.3 332.6 195.1 170.3 827,742 801,777 802,438 '800,602 '806,648 811,665 379,024 244,488 134,536 236.757 240,335 115279 117,515 121,478 122,820 '192,503 192,306 '125.992 125,842 66,464 '66,511 828,201 819,615 811,713 807,105 806,802 388,459 252256 136203 385,982 250,405 135,577 385,145 249,546 135,599 381,877 246,964 134,913 379,968 245,642 134.326 378.002 r 377,388 244,467 '243,616 133,535 '133,772 241,179 119,239 121,940 236,900 116,041 120,859 236,696 116,087 120,609 236204 115,490 120,714 235,098 114,305 120,793 235,994 114,754 121,240 131,331 67,662 198,563 131254 67,309 196,733 129,885 195,052 128,607 66,445 193,632 126,816 66,816 192,039 125,707 66,332 192,806 126,056 66,750 692.7 329.7 192.7 170.3 695.5 329.5 192.5 173.5 330.8 189.7 173.3 687.7 329.4 186.5 171.8 6872 329.6 186.8 170.8 683.6 327.5 186.5 169.7 680.8 3262 186.2 168.3 680.7 324.7 186.7 1692 679.6 323.7 186.5 169.4 1.55 1.64 2.13 .60 1.00 .53 1.15 .42 .19 .54 1.62 2.30 1.25 1.32 1.81 .87 1.49 1.53 1.58 1.35 1.58 1.57 1.57 1.54 1.51 1.50 1.49 1.66 2.14 .61 1.01 .53 1.67 2.15 .60 1.01 .53 1.69 2.19 .61 1.04 .54 1.64 2.08 .58 .99 .52 1.60 2.04 .57 .97 .51 1.59 2.01 .55 .96 1.57 1.99 .54 .95 .49 1.17 .43 .19 .55 1.18 .43 .19 .55 1.19 .43 .19 .56 1.18 .43 .19 .55 1.15 .42 .19 .54 1.15 .42 .19 .54 1.65 2.38 27 1.60 2.24 125 1.56 2.16 1.24 1.57 2.17 124 1.55 2.14 1.22 1.54 2.11 123 1.14 .42 .19 .53 1.54 2.12 1.22 1.37 1.90 .89 1.38 1.90 .90 1.38 1.87 .91 1.35 1.87 .87 1.34 1.85 .87 1.32 1.81 .87 1.31 1.79 .87 1.49 1.56 '1.96 .54 .93 .48 .1.14 .42 .19 .53 '1.56 2.16 '123 1.32 1.80 1.51 1.53 1.60 1.40 1.50 1.54 1.54 1.40 1.49 1.55 1.51 1.39 1.47 1.50 1.52 1.35 1.45 1.48 1.50 1.34 1.44 1.46 1.50 1.32 1.42 1.45 1.50 1.30 1.43 1.44 1.51 1.32 214255 231,617 238,810 235,069 240,483 254,733 218,827 116,914 4,290 10,728 4299 14,819 20,308 16,459 29,488 17,002 9,462 122,049 4,402 10,650 4,110 15,443 23286 17,443 29,230 15,952 10,182 120.571 4,757 10,966 4,327 15,017 20,557 16,197 31,591 18,767 9,632 123,418 4,756 10,764 4.385 15.367 20,366 17.006 33.179 20,605 9,920 133,092 5,209 10,949 4,463 16,144 24,383 18,360 34,310 19,809 10,774 107,332 4,765 9,836 3,970 13,541 17,876 15,251 25,671 14,233 9,067 '242,053 -•122,340 '5,158 '10,854 '4,399 '15,404 '19,147 '17,061 '31,889 '19,311 258,129 104,622 4,033 10,617 4.499 13,350 17,830 14,758 25,107 15.467 8,714 109,633 29,912 1,548 4267 116,761 33,904 2,944 5,189 10,253 24,200 12,838 7,497 114,498 32,152 1,817 5,026 121,641 34,635 3,130 5,938 10,738 24,992 14,136 8298 111,495 31,765 1,792 4,773 9,964 22,566 13,672 7,559 "119,713 '33,370 '2,456 '5,901 '10,406 '24,037 '14,394 '7,997 '241,894 124,519 35,113 2,954 6,188 9,921 24,971 13,509 7,799 117,065 33,700 2,906 5214 9,851 24,560 14,352 7,807 BUSINESS INVENTORY-SALES RATIOS Manufacturing and trade, total 1.50 1.50 1.52 Manufacturing, total Durable goods industries Materials and supplies Work in process Finished goods 1.58 2.03 .56 .97 .50 1.55 2.00 .55 .95 .49 1.60 2.09 .58 1.00 .51 1.11 .40 .19 .52 1.10 .40 .19 .51 1.10 .41 .19 .51 "1.59 '255 1.22 1.61 228 1.24 1.60 227 123 '129 -1.76 .84 1.29 1.78 .84 1.32 1.83 1.45 1.47 1.55 1.30 1.45 1.45 1.57 1.32 1.56 1.34 2,917,465 262,422 259,185 244,210 1,504,650 62,897 144,185 58,921 188,115 263,573 200,430 377,319 226,050 120,219 133,787 5,575 12,409 4,958 16,626 18,134 33,416 19,682 10,620 131,632 5,535 12,743 5,213 16,578 21,991 17,151 34,345 22,197 10,246 121,237 4,985 11,447 4,720 14,901 21,047 17,135 29,803 17,212 10,305 1,412,815 397,090 28,161 63,535 128,761 285,612 179,357 91,657 128,635 35,229 2,744 5,603 11,041 25,487 18,752 8,051 127,553 34,679 2,393 5,510 10,904 24,260 19,604 8,335 122,973 33,511 3,179 5,293 10,473 23,929 18,201 7,215 Shipments ( By industry group: Durable goods industries, total # Stone, clay, and glass products Primary metals Blast furnaces, steel mills Fabricated metal products : Industrial machinery and equipment Electronic and other electrical equipment. Transportation equipment , Motor vehicles and parts Instruments and related products , 247,916 251,953 125,783 5,206 12,118 4,953 15,876 21,798 16,536 32,118 18,994 9,920 127,692 5,122 12,352 5,108 15,854 22,433 17,026 32,674 20,111 10,206 Nondurable goods industries, total #.... Food and kindred products • ooacco products Textile mill products Paper and allied products Chemicals and allied products Petroleum and coal products Rubber and plastics products 122,133 33,258 2,440 5,123 10,856 24,643 18,011 7,809 124,261 33,680 2,532 5,166 10,768 24,816 19,240 7,976 Nondurable goods industries Materials and supplies Work in process Finished goods Retail trade, total Durable goods stores Nondurable goods stores ,. Merchant wholesalers, total Durable goods establishments Nondurable goods establishments Manufacturing and trade in constant (1962) dollars, total.. Manufacturing Retail trade Merchant wholesalers 1,50 1.56 1.95 .54 .93 .48 1.15 .42 .19 .53 1.57 2.16 1.25 1.31 1.76 MANUFACTURERS' SHIPMENTS, INVENTORIES, AND ORDERS t [Millions of dollars] Shipments (not seas, adj.), total Durable goods industries, total Stone, clay, and glass products Primary metals Blast furnaces, steel mills ;.. Fabricated metal products Industrial machinery and equipment Electronic and other electrical equipment Transportation equipment Motor vehicles and parts Instruments and related products ..... Nondurable goods industries, total Food and kindred products Tobacco products Textile mill products 128.287 275,187 146,310 94,357 Paper and allied products Chemicals and allied products . Petroleum and coal products ... Rubber and plastics products ... See footnotes at end of tables. 2,840,264 1,494,388 63,763 153,021 62,740 180,579 260,805 195,225 372,436 233,203 118,000 1,345,876 379,543 26,003 ., , 10,030 23,701 14,935 6,953 114,703 32,651 1,826 4,831 10,334 24205 13261 7,482 245,827 234,271 119,684 4,197 10,578 4,198 14,304 23,834 16,925 28,476 11,784 10,810 114,587 33,005 2,346 4,655 10,093 23,031 16,080 6,684 236,575 234,548 233215 228,715 234,886 238289 239,118 240,193 122,693 4,983 11,754 4,913 15,309 22,235 16,869 29,439 16,889 10,217 118,578 4,832 11,485 4,568 15,606 21,876 16,550 26,751 13,515 9,803 117,648 4,610 11,140 4,623 14,846 21,006 16,599 28,106 16,070 9,845 117,432 4,544 10,620 4,281 14,616 20,897 16,517 28,912 15,726 9,797 114,487 4,397 10220 3,900 14,532 20,840 16,525 27,314 14,910 9,488 119,721 4,556 10,626 4,135 14,711 20,890 16,755 30,402 17,372 10,137 121,024 4,617 10,569 4220 14,715 20.735 17.218 31,310 18,515 10,012 122240 4,762 10,418 4,212 15,003 21,142 17,082 31,823 18,561 9,962 122,994 5.006 10,611 4,296 14,895 20,511 17,166 32,692 19,979 9,933 123,134 33,718 2,792 5,188 10,758 24,974 17,948 7,588 117,997 116,900 32,111 2,465 4,889 10,216 24,195 15,464 7,476 115,783 32,917 2286 4,878 10218 23,816 14,099 7,395 114228 33,111 2,452 4,932 9,994 22,885 13,584 7,303 115,165 32,854 2,095 5,085 9,949 24,117 13.760 7,527 117265 33,316 2,567 5.233 9,952 24,543 14,331 7,482 116,878 33,265 2,560 5,437 10,284 23,895 14,151 7,626 117,199 32,981 2,556 5,546 10251 24,062 13,714 7,927 1,844 4,995 10,467 23,902 15,874 7,384 '124,459 '4,884 '10,754 '4,426 '15,401 '20,526 '17,114 '33,198 '19,879 '10,291 '117,435 '33,273 '2,547 '5.598 '10,266 '24,027 '13,687 '7,930 133,610 5,393 11234 4.552 16,113 22,748 19,093 35,391 20,831 10,564 10,530 25,084 14,372 8,388 242,305 125,113 4,990 10,829 4,480 15242 20,711 17,375 33,796 20,024 9,926 117,192 33211 2,587 5,643 10,325 23,996 13243 8,075 | Oct. SURVEY OF CURRENT1 BUSINESS S-4 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, 1961-88 Annual 1989 | November 1991 1990 1990 Sept. Oct. 1991 Nov. | Dec. Jan. I I Feb. I Mar. I I I Apr. I I May M.|.J« Aug. | Sept. GENERAL BUSINESS INDICATORS-Continued MANUFACTURERS' SHIPMENTS, INVENTORIES, AND ORDERS-Continued f [Millions of dollars] Shipments (seas, adj.)—Continued By market category: Home goods and apparel Consumer staples Machinery and equipment Automotive equipment Construction materials and supplies Other materials, supplies, and intermediate products .... Supplementary series: Household durables Capital goods industries tiondefense Defense Inventories, end of year or month: Book value (non-UFO basis), (unadjusted), total Durable goods industries, total Nondurable goods industries, total '173,136 '617,547 '458,113 ' 113,294 '175,948 '974,969 '170,871 '670,558 '472,748 '103,865 '170,750 '983,829 14,033 58,092 39,991 8,900 14,020 83,408 14,353 59,575 40,874 9,282 13,888 84,145 14,320 59,319 39^50 7,753 13,498 82,098 14,444 56,705 38,310 6,426 13,348 78,870 14,039 55.652 38,105 7,090 12,941 78,608 13,930 55,603 38,199 7,045 12,789 77,547 13,910 55,191 36,730 6,686 12,563 75,795 14,405 54,903 38,623 7,815 13,091 77,875 14,376 56,728 39,163 8,237 13,297 78,647 14,639 56,143 39,416 8,145 13,503 79,570 15,069 55,635 39,033 8,781 13,743 80,245 "15,129 "55,830 '39,217 "8,854 '13,685 '80,551 15,300 55,719 39,866 9,006 13,740 80,378 '76,973 '471,469 '364,922 '106,547 '77,561 '491,594 '384,663 '106,931 6,449 41,091 32,416 8,675 6,515 41,539 32,632 8,907 6,513 41,142 32,099 9,043 6,658 41,523 32,722 8,801 6,383 39,923 31,721 8,202 6242 40,711 32213 8,498 6,215 39,971 31,405 8,566 6,460 40,593 31,733 8,860 6,445 40,543 32,131 8,412 6,383 41,398 32,848 8,550 6,678 39,978 31,732 8246 '6,786 '41,400 '32260 '9,140 6,864 41,476 32538 8,938 377,201 248,011 129,190 382,135 247,615 134,520 388,993 253,780 135,213 391,165 254,748 136,417 391216 255,440 135,776 382,135 247,615 134,520 387,733 251,035 136,698 390,570 253,719 136,851 386,434 251,017 135,417 387,458 251.304 136,154 384,554 249,380 135.174 378,904 245,429 133,475 378,863 '378,749 245,338 '244,736 133,525 '134,013 377,707 243,407 134,300 383,825 388,811 390,992 391,460 392,370 388,811 388,381 388,459 385,982 385,145 381,877 379,968 378,002 '377,388 379,024 253,261 7,780 22,663 10,948 24,600 48,557 31,130 72,576 12,159 24,998 252,836 8,157 23,651 11,658 24,585 47,724 30,067 73,424 13,039 24,273 255,278 7,911 23,584 11,304 24,653 48,457 30,720 73,511 12,408 24,982 255,113 8,039 23,612 11,313 24,904 48,409 30,607 73,228 12,370 25,119 256,387 8,078 23,544 11,388 24,863 48,499 30,584 74,818 12,750 24,826 252,836 8,157 23,651 11,658 24,585 47,724 30,067 73,424 13,039 24273 252,170 8223 23,257 11,400 24,519 47,977 29,947 73,486 13,085 23,975 252256 8243 23216 11,368 24,717 48,198 29,698 73,551 13,228 23,928 250,405 8,138 23,265 11,426 24,272 47,921 29,719 73,116 12,919 23,640 249,546 8,096 23,029 11,216 23,992 48,014 29,714 72,985 12,867 23,743 246,964 8,016 22,645 11,023 23,649 47,764 29,522 72,109 12,447 23,567 245,642 8,019 22,509 10,943 23,433 46,922 29,333 72,071 12,479 23,717 244,467 '243,616 '7,988 7,968 22,065 22217 10,851 '10,774 23,163 '23,101 46,985 '46,735 29,377 '29,159 71,612 '71,466 12,488 '12,564 23,638 '23,603 244,488 7,895 21,978 10,761 23,031 46,554 29,143 72,589 12,685 23,603 71,295 120,890 61,076 71,191 119,169 62,476 70,268 122,352 62,658 70,741 121,692 62,680 71,041 122,487 62,859 71,191 119,169 62,476 71208 119,015 61,947 70,980 119,010 62266 70,101 118,646 61,658 69274 118,041 62,231 68,425 117,308 61,231 67,387 117,748 60,507 66,936 '66,951 117,350 '116,308 60,181 '60,357 67,083 116,947 60,458 130,564 26,880 5,094 8,999 12,962 31,098 10,688 11,430 135,975 27,784 5,375 8,846 13,362 32,366 13,175 11,995 135,714 28,055 5,396 9,096 13,225 31,557 13,328 11,629 136,347 28,186 5,332 9,080 13,241 31,897 13,370 11,952 135.983 28,047 5,225 8933 13247 32,172 13,304 11,940 135,975 27,784 5,375 8,846 13.362 32,366 13,175 11,995 136,211 28,091 5,642 8,892 13,547 32,651 12,279 12,054 136203 28,137 5,720 8,861 13,695 32,762 11,871 11,959 135,577 28221 5,662 8,699 13,771 32,805 11,586 11,766 135,599 28,321 5,851 8,639 13,720 32,772 11,563 11,801 134,913 28,154 5,788 8,592 13,576 32,666 11,759 11,652 134,326 28,169 5,803 8,546 13,332 32,417 11,774 11,537 133,535 '133,772 27,864 '27,962 5,987 '5,950 '8,579 8,561 13,247 '13,098 32228 '32,476 11,613 "11,688 11,405 '11,359 134,536 28,483 5,903 8,743 13,144 32,484 11,794 11,278 48,456 22,424 59,684 49,710 22,906 63,359 49,407 23,149 63,158 49,845 23,155 63,347 49,981 22,950 63,052 49,710 22,906 63,359 50,034 22,426 63,751 49,706 22,369 64,128 49,661 21,998 63,918 49,523 22296 63,780 49,342 22,224 63,347 49,305 22,395 62,626 '49,237 '22,339 '62,196 49,307 22,723 62,506 28,080 51,075 87,474 6,373 23.508 128,055 26,567 54,407 87,135 6,698 23,957 131,364 27,592 54,640 87,498 6,513 24,005 130,432 26,841 27,158 54,772 54,573 87,421 . 87,914 6,604 6,526 24,107 24,035 131,188 131,513 26,567 54,407 87,135 6,698 23,957 131,364 26280 54,616 87,645 6,660 23,865 131,625 26,180 54,589 87,612 6,677 23,922 131,474 25,703 54,466 87,738 6,472 23,637 130,508 25,444 54,796 87,832 6,454 23,341 129,945 25,406 54,693 87,319 6,316 23,054 128,491 25,390 54,578 86,647 6,228 23,123 127,715 25244 '25,395 54,359 '54,594 86,572 '86,662 '6,274 6,209 23,063 '23,040 126,666 '126,018 25,858 55,094 86,811 6,364 22,995 126,096 13,548 124,243 84,141 40,102 12,901 121,951 83,334 38,617 13,362 124,322 83,885 40,437 13,254 123,975 83,770 40,205 13,158 124,938 84212 40,726 12,901 121,951 83,334 38,617 12,807 121,856 84,132 37,724 12,758 121,907 83,908 37,999 12,442 121,538 83,985 37,553 12,225 121,727 84,146 37,581 12,134 120,871 83,747 37,124 12,080 119,975 82,869 37,106 11,923 '11,961 119,629 '118,977 82,925 '82,985 36,704 '35,992 12,106 119,661 82,886 36,775 New orders, net (unadj.), total Durable goods industries, total Nondurable goods industries, total '2,889,092 '1,543,806 '1,345,286 '2,923,715 '1,511,501 '1,412,214 263,029 134.528 128,501 260,229 133,369 126,860 238277 115,896 122,381 237,406 123,043 114,363 217,443 107,749 109,694 234,071 119,158 114,913 238,355 120,990 117,365 231,020 116,644 114,376 237.591 119,718 117,873 246,990 125,745 121245 226,615 '240,835 114,829 '120,697 111,786 '120,138 254,120 129,357 124,763 New orders, net (seas, adj.), total By industry group: Durable goods industries, total Primary metals Blast furnaces, steel mills Nonferrous and other primary metals Fabricated metal products Industrial machinery and equipment Electronic and other electrical equipment Transportation equipment ..". Aircraft, missiles, and parts '2,889,092 '2,923,715 248,987 254,976 239,237 238,196 234,462 233,132 226,431 231229 236,540 233,725 248,090 '243,160 238,933 '1,543,806 '149,818 '60,458 '77,325 '177,552 '262.898 1 197269 '421,986 '162,805 '1,511,501 '143,388 '58,201 '73,379 '187,049 '261,443 '201,261 '393,599 '145,798 126,893 11,993 4,857 6,186 16,503 22,398 16,084 32.915 12,571 130,875 12,653 5,223 6,448 15,156 21,904 17,363 36,784 14,556 116,193 11,190 4204 6,078 14,879 21,984 15,950 26,903 9,085 120.221 10,459 3,786 5,926 15,532 20,492 17,622 31,788 15,679 117,789 9,506 3,555 5,215 15,196 21,785 16243 29,837 11235 117,547 9,776 3,839 5,134 14278 19,899 18,067 29,758 12,801 112,116 9,725 3,664 5274 14,328 19,872 15,642 28,343 12,015 116,139 10,490 4,279 5,429 14,874 20243 17,330 27,453 8,677 118,434 10,377 4223 5,360 14,703 20,955 16,911 28,781 7,596 117,128 10,782 4,476 5,429 14,592 20,137 15.371 29,814 9,890 130,827 '125,482 11,496 '11,318 '4,924 5,088 '5,525 5,515 14,875 '15,370 20,522 '20,374 17,523 '16,174 37,882 '34,404 16,595 '11,860 121,470 10,856 4,516 5,513 15,246 21,160 17,563 29,409 7,002 '1,345,286 '342,006 '1,003,280 '1,412,214 '351,172 '1,061,042 122,094 29,507 92,587 124,101 29,126 94,975 123,044 29,336 93,708 117,975 28,609 89,366 116,673 28,322 88,351 115,585 28,463 87,122 114,315 28,363 85,952 115,090 27,916 87,174 118,106 29,033 89,073 116,597 27,958 88,639 117,263 '117,678 28,808 '28,983 88,455 '88,695 117,463 29,054 88,409 '173,304 '617,551 '506,138 '113,102 '174,531 '975,289 '171,099 '670,419 '495,458 '103,683 '170,287 '980,655 14,417 56,082 41,828 8,884 14,267 83,127 14,263 59,564 46,170 9,251 13,813 83,624 14,707 59,310 38,327 7,692 13,140 80,380 14,241 56,664 44,161 6,375 13204 77,001 13,428 55,660 39,949 7,121 12,830 77,745 13,668 55,599 39282 7,049 12,655 77,449 13,925 55209 36,967 6,660 12,644 74,854 14,601 54,838 35,803 7,828 13,199 77,834 14,526 56,69t 35251 8,262 13,411 79,391 14,645 56,249 35,301 8,103 13,633 78,452 15,036 55,692 42265 8,785 14,325 83,243 '15,409 '55,815 '37,554 '8,902 '13,716 '81,450 15,623 55,723 38,762 9,339 13,829 80,601 '76,893 '526,797 '417,797 '109,000 '77,099 '501,797 '408,380 '93,417 6,563 42,164 34,419 7,745 6,388 44,738 37,223 7,515 6,752 35,928 30,884 5,044 6,397 45,404 38,560 6,844 5,932 41,640 33,957 7,683 6,092 41,678 33,756 7,922 6,167 38,632 31,940 6,692 6,580 36,538 28,748 7,790 6,567 37,569 28,038 9,531 6,367 37,563 29282 8,281 6,756 46,074 36,689 9,385 '6,961 '41,797 '30,993 '10,804 7,002 36,427 30,790 5,637 Book value (non-UFO basis), (seasonally adjusted), total By industry group: Durable goods industries, total # Stone, clay, and glass products Primary metals Blast furnaces, steel mills Fabricated metal products Industrial machinery and equipment Electronic and other electrical equipment Transportation equipment Motor vehicles and parts Instruments and related products By stage of fabrication: Materials and supplies Work in process FiniShOQ QOOGS •••••• •.••*••!• i * •••• Nondurable goods industries, total # Food and kindred products I 0W3CC0 PrOClUCtS IMIItlllllMllttrllHIIIMMtMIMIMIIIHIMI Textile mill products Paper and allied products Chemicals and allied products Petroleum and coal products Rubber and plastics products By stage of fabrication: Materials and supplies Work in process Finished goods ... By market category: Home goods and apparel Consumer staples Machinery and equipment Automotive equipment Construction materials and supplies Other materials, supplies, and intermediate products Supplementary series: Household durables Capital goods industries Nondefense Defense ..... Nondurable goods industries; total Industries with unfilled orders $ Industries without unfilled orders 0 By market category: Home goods and apparel Consumer staples Machinery and equipment Automotive equipment Construction materials and supplies Other materials, supplies, and intermediate products ... Supplementary series: Household durables Capital goods industries Nondefense See footnotes at end of tables. 49,409 22228 61,898 Oct. SURVEY OF CURRENT' BUSINESS November 1991 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, Annual 1989 1961-88 | S-6 1991 1990 Sept 1990 Oct. | Nov. Dec. Jan. | Feb. Mar. Apr. May | June July AU,. Sept. Oct. GENERAL BUSINESS INDICATORS-Continued MANUFACTURERS' SHiPMENTS, INVENTORIES, AND ORDERS-Continued f t [Millions of dollars] Unfilled orders, end of period (unadjusted), total Durable goods industries total Nondurable goods industries with unfilled orders i ... Fabricated metal products Industrial machinery and equipment Electronic and other electrical equipment Transportation equipment Aircraft, missiles, and parts .... Nondurable goods industries with unfilled orders t By market category. Home goods and apparel Consumer staples Machinery and equipment Automotive equipment Construction materials and supplies Other materials, supplies, and intermediate products Supplementary series: Household durables Capital goods industries Nondefense Defense .... 525,826 504,376 21,450 529,141 506,375 23,122 8,578 11,416 520,937 500,772 20,165 532,164 525,574 527,195 504,732 24,148 9,360 11,632 506,375 23,122 8,578 11,416 27,485 58,569 48,113 272,465 237,129 27,411 57,185 49,185 277,502 241,418 27,761 57,964 279,233 242,391 20,820 508,049 511,232 24,411 24,712 9,954 10,069 11,313 11,481 28,613 27,915 59,349 58,820 48,695 49,032 270,891 275,001 234,746 238,744 21,092 20,932 20,842 20,820 20,593 8,328 1,420 206,341 2,026 13,024 129,044 8,586 1,283 229,017 1,843 12,550 125,773 5,750 391,696 226,633 165,063 520,837 Unfilled orders, end of period (seasonally adjusted) total By industry group: Durable goods industries/total # Primary metals Blast furnaces, steel mills Nonferrous and other primary metals 524,072 504,131 19,941 527,195 526,870 506,113 20,757 517,822 497,280 20,542 499,494 23,927 9,308 11,930 28,477 59,354 48,377 261,092 223,248 21,343 27,411 57,185 49,185 277,502 241,418 524,072 504,131 19,941 8,493 8,403 1,344 1,333 218,792 224,088 1,985 1,955 13,128 13,052 129,880 129,359 8,790 1,324 223,166 1,894 12,694 127,640 229,017 1,843 12,550 125,773 5,203 402,026 250,310 151,716 5,352 400,160 241,096 159,064 5,225 403,359 245,687 157,672 5,464 398,145 244,472 153,673 676,565 643,022 42,002 52,334 53,068 51,824 50,361 12,779 7,120 4,284 11,120 3,687 60,432 16,063 8,072 5,090 12,826 4,376 4,865 1,374 638 400 987 353 42,328.8 4,250.9 2,837.7 3,593.2 2,721.6 1,187.5 65.0 64,044.1 6,767.3 2,905.2 4,017.2 1,383.1 293.5 528.6 297.1 244.8 525210 504,516 20,694 522,318 500,816 21,502 514,575 493,469 21,106 524,742 521,085 519,336 504260 20,149 6,832 10,405 500,678 20,013 6,976 10,194 27,219 55,998 49,496 281,108 245,407 20,482 529,714 509,502 20,212 529259 508,443 20,616 527,109 527,026 506,516 21,488 7,510 10,981 506,631 20,644 7,068 10,621 27,423 56,966 50,379 280,079 243,762 527,260 507,258 20,002 522,363 "521.145 500,966 ' 499,323 21,397 "21,822 517,136 495,070 22.066 513,943 521,840 "523,106 519,734 19,821 6,979 10,068 492,976 20,185 7,243 10,156 500,809 "501,832 21,070 "21,634 "8,533 8,035 10262 10,225 27,382 55,351 50,071 278,159 243,014 27,370 55,571 49,764 275,630 239,781 26,959 54,566 48,053 273,621 238,282 26,939 "26,908 54,577 "54,425 48,410 "47,470 278,811 - 280,017 243,995 - 244,398 26,912 54,874 47,658 275,630 239,664 20,407 21248 20,967 "21274 21,545 8,083 1,315 221,335 1,849 12,737 123,455 "8,331 8,050 "1,357 1,371 224,567' '222,903 "1,900 1,852 13,318 "13,350 r 126,456 127,354 8,653 1,361 221,800 2233 13,438 127,578 "5,033 399,000 247,670 151,330 5,171 393,951 245,922 148,029 21,031 7,975 131 230,861 1,875 12,439 124,910 7,714 1287 231,945 1,879 12,304 124,810 7,729 1,304 232,182 1,853 12,385 123,871 7,925 1,239 229,362 1,866 12,493 123,829 8,077 1,209 225,450 1,891 12,606 124,574 5,203 402,026 250,310 151,716 4,752 403,743 252,546 151,197 4,602 404,710 254,089 150,621 4,554 403,371 254,624 148,747 4,674 251,639 147,677 4,796 396,342 247,546 148,796 4,780 392,507 243,980 148,527 45,714 51,422 50,394 52,060 54,227 51,991 48,419 50,384 55,917 51,536 55,735 52235 56,618 52,327 51,654 52,071 6,079 1,568 731 478 1,258 463 5,354 1,416 689 444 1,084 398 5,148 1,414 635 405 991 362 1,759 900 496 1,360 433 6,876 1,802 913 599 1,307 454 7,330 1,876 1,036 567 1,442 495 7,464 1,931 1,043 572 1,449 533 7,786 2,022 1,023 630 1,549 516 6,887 1,734 918 510 1,320 468 7,627 1,923 1,052 595 1,422 507 4,473.0 542.2 354.8 6022 351.6 226.6 3,591.9 781.9 185.3 735.8 264.6 286.7 4,676.5 518.7 115.6 1,146.4 584.9 168.5 10,242.8 984.2 168.8 1,6672 2,150.8 206.7 11,9972 5,189.9 396.3 4,179.1 416.8 2582 7,317.7 919.9 163.0 643.3 280.9 326.1 5,069.1 759.6 746.0 795.8 675.3 12,248.0 601.5 595.1 374.1 413.6 241.3 4,930.5 4342 170.4 286.5 335.0 107.8 4,734.1 1,227.8 350.5 525.2 259.5 359.6 679 566 842 598 392 303 788 1,488 798 691 1,116 278 694 598 1,068 582 385 307 869 1,488 794 697 1,108 272 706 631 857 567 363 298 1,474 1,488 783 697 1,086 273 685 594 664 555 358 291 1,349 1,484 780 722 1,060 8,586 133 4,858 248,937 r r r 21,661 10,296 BUSINESS INCORPORATIONS @ [Number] New incorporations (50 States and DC): Unadjusted Seasonally adjusted INDUSTRIAL AND COMMERCIAL FAILURES @ [For failures, number; for liabilities, millions of dollars] Failures, total Commercial service Construction Manufacturing and mining Retail trade W h o f o s c u O t r 3 u 0 .«•*• ••«... .*,•*....**..*...**....*..,...*,.•*....•*•.•• Liabilities (current), total Commercial service Construction Manufacturing and mining Retail trade Wholesale trade '. » Failure annual rate, number per 10,000 concerns 7,716.0 2,414.8 75.0 COMMODITY PRICES PRICES RECEIVED AND PAID BY FARMERS t [1910-14*100] Prices received, all farm products Crops* Commercial vegetables Cotton Feed grains and hay Food grains Fruit Tobacco Livestock and products # Dairy products Meat animals '..'..... Poultry and eggs ~........ „..- 674 663 581 756 503 404 428 710 1,406 533 726 542 368 279 771 1,494 529 707 573 374 282 728 1,493 554 828 578 385 294 787 1,486 312 716 1,089 306 800 716 1,108 279 813 697 1,122 310 770 > Prices paid: Production ttonis .....,,»....,.»*<• ••*•! *•> > *•>*•• *•*.**»••• All commodities and services, interest, taxes, and wage rates (parity index) Parity ratio § 958 1,004 1,012 1,000 1,220 1,295 55 51 1,305 52 1,299 53 672 585 604 304 1,351 1,439 • 762 752 1,015 286 "675 646 "598 "631 "550 "367 "324 "1,440 "1,552 541 570 527 362 350 1,002 1,548 '754 "783 "990 757 807 987 1,302 50 CONSUMER PRICES [1982-84=100] Not seasonally adjusted: All items, wage earners and clerical workers (CPI-W) All items, all urban consumers (CPI-U) ... Special group indexes: All items less shelter All items less food All items less medical care See footnotes at end of tables. 122.6 129.0 132.8 132.8 133.0 134.6 134.8 135.0 133.8 135.6 134.1 136.0 134.3 136.2 134.6 136.6 135.4 130.7 133.3 135.2 135.2 124.0 137.2 137.4 121.6 123.7 1.22.4 128.2 130.3 128.8 132.1 134.3 132.4 1322 134.6 132.6 1322 134.8 132.7 132.6 134.9 133.0 133.1 135.4 133.3 133.3 135.7 133.6 133.3 136.1 133.8 133.7 136.7 1342 134.5 137.4 134.8 134.6 137.7 134.9 SURVEY OF CURRENT1 BUSINESS S-6 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, Annual 1989 1961-88 | November 1991 1990 1990 S.pt| Oct. 1991 Nov. | Dec Jan. | Feb. | Mar. Ap, May | June | Ji ly | Aug. | Sept | Oct COMMODITY PRICES-Continued CONSUMER PRICES-Continued [1982-84=100, unless otherwise indicated] Not seasonally adjusted-Continued All items (CPI-U)-Continued Commodities Nondurables .. Nondurables less food Durables Commodities less food Services 116.7 1182 111.7 112.2 112.0 131.9 122.8 1260 119.9 113.4 117.4 1392 124.6 1287 124.1 112.8 119.8 141.4 126.1 1304 126.8 113.6 121.8 141.7 126.3 1305 126.6 114.1 121.8 142.0 126.0 1300 125.7 114.5 121.4 142.3 126.0 1298 124.0 115.0 120.6 143.8 125.7 1293 1232 115.5 120.3 144.5 125.7 1292 122.9 115.5 120.1 144.8 126.4 1302 123.9 115.5 120.7 144.7 126.8 1306 124.6 115.9 121.3 145.0 126.7 130.4 123.9 116.0 120.9 145.8 1262 1296 123.0 116.3 120.5 146.8 126.4 130.1 124.3 115.9 121.1 147.3 127.1 131.0 125.9 115.9 122.1 147.9 1272 131.0 126.1 116.3 122.4 148.1 125.1 1242 132.4 132.3 1332 132.9 133.6 133.4 134.0 133.8 1342 133.8 135.8 136.4 135.5 135.7 135.8 136.0 136.7 137.0 136.8 136.9 137.2 137.4 136.5 136.0 136.0 134.9 136.0 134.9 135.8 134.4 Housing Shelter # Rent residential Homeowners' cost Dec 1982=100 Fuel and other utilities # Fuel oil and other household fuel commodities Gas (piped) and electricity Househokifurnishingsand operation 123.0 132.8 132.8 1373 107.8 81.7 107.5 1112 128.5 140.0 138.4 144.6 111.6 99.3 109.3 113.3 130.5 142.3 140.0 147.0 114.0 104.4 112.4 113.8 130.6 142.4 140.5 1472 113.4 118.5 109.0 1142 130.4 142,4 140.7 1473 112.9 117.0 108.0 113.8 130.5 142.7 141.1 1475 112.7 114.1 108.6 113.7 131.8 144.0 141.2 147.9 114.8 1112 111.5 114.1 132.4 144.6 141.5 1482 114.7 105.7 11115 115* 1326 1452 1420 148'.4 114.1 99.3 110.8 115.7 132.5 1452 142.5 1488 113.1 94.4 109.4 115.9 132.8 1452 142.8 1492 114.2 90.9 111.5 116.3 133.4 145.8 143.0 149.7 115.8 89.3 114.4 115.9 1342 146.8 143.7 150.2 116.4 87.8 115.4 116.3 134.5 147.3 143.7 1507 1162 87.8 114.7 1162 134.7 147.4 144.6 151.6 116.8 88.9 115.5 116.4 134.7 147.7 144.6 152.1 115.7 90.9 112.9 116.4 Apparel and upkoep Transportation Private New cars Used cars Public Medical care 118.6 114.1 112.9 119.2 120.4 129.5 149.3 124.1 120.5 118.8 121.0 117.6 142.6 162.8 126.8 123.0 121.4 119.0 118.3 144.0 165.8 128.4 125.8 124.2 120.5 118.1 146.6 167.1 127.5 126.9 125.1 1221 1172 150.3 168.4 125.3 1272 125.1 1235 117.1 154.4 169.2 123.8 125.5 123.2 124.6 116.1 155.4 171.0 1262 123.7 121.2 125;3 115.1 1562 172.5 128.8 122.3 119.9 125.4 114.4 153.3 173.7 130.1 122.2 120.2 125.3 115.0 147.1 174.4 129.4 123.3 121.5 125.4 117.0 146.0 175.2 126.9 123.7 121.9 125.3 118.8 146.6 1762 1252 123.4 121.7 124.9 120.4 146.7 177.5 127.6 123.8 122.0 124.4 120.0 147.6 178.9 131.3 123.8 122.1 124.1 119.8 146.6 179.7 132.7 124.0 122.4 125.0 1202 144.9 180.7 '4.8 '5.4 .8 124.6 119.8 133.6 133.3 .6 1258 121.3 134.1 133.9 .3 126.1 121.4 134.7 134.6 .3 1262 121.5 134.9 134.8 .4 126.3 121.3 135.7 135.9 2 1261 121.1 135.4 135.2 -.1 1256 120.2 135.7 135.5 2 126.0 120.3 136.7 136.8 .3 1265 121.0 136.7 136.5 2 126.8 121.1 137.4 137.4 2 126.6 121.3 136.6 135.8 .2 1268 121.8 136.2 135,0 .4 127.1 122.1 136.3 135.2 .1 126.9 121.9 1362 134.8 Food # Food at home . . . . . . . Seasonally adjusted $ All items, percent change from previous month or year C0ffifT)0Clitl6S IGSS fOOu ••••••••«••.•,•••«**•**«• ••t«*»**********>»»»ai•>*•*•• Food Food at home ........ Apparel and upkeep Transportation Private New cars , Services 125.5 125.1 125.3 125.7 126.9 128.9 127.4 127.2 127.8 127.7 128.9 130.4 129.9 129.4 123.4 122.0 121.1 125.8 124.3 1212 126.5 124.8 121.5 126.9 124.9 122.0 125.4 1232 123.6 124.0 121.6 124.2 122.8 120.6 124.8 122.4 120.7 125.2 123.2 121.6 125.3 123.5 121.8 125.6 123.5 121.8 125.6 124.0 122.3 125.8 124.3 122.7 126.2 124.0 122.5 125.8 141.1 141.6 142.1 142.7 143.9 144.6 144.9 145.1 145.5 145.8 146.4 146.8 147.6 148.0 PRODUCER PRICES § [1982=100 unless otherwise indicated] Not seasonally adiirated* 1122 116.3 118.4 120.8 120.1 118.7 119.0 1172 1162 116.0 116.5 '116.4 116.0 116.2 116.0 116.4 103.1 112.0 113.6 112.1 118.8 108.9 114.5 1192 1182 122.9 115.3 116.3 120.4 119.8 122.9 124.8 117.9 122.3 121.9 124.5 116.7 117.9 122.9 122.6 124.7 110.5 116.7 122.0 121.4 124.9 112.8 116.4 122.3 121.4 125.9 104.1 115.5 121.4 120.3 126.1 1012 1142 120.9 119.6 1262 100.8 113.9 121.1 119.8 1262 102.1 114.0 121.8 120.6 126.5 '99.8 114.3 121.9 r 120.7 '126.5 99.4 114.0 121.6 120.3 126.5 992 114.3 121.7 120.5 126.5 98.0 114.5 121.3 120.1 126.1 99.6 114.1 122.3 120.8 127.9 119.0 107.1 114.3 118.3 1102 1212 112.2 118.1 120.7 1152 121.7 1152 119.7 121.1 117.8 122.5 118.8 121.3 121.9 120.1 122.3 117.8 121.4 121.9 120.3 1222 115.4 120.5 121.8 118.7 122.8 115.6 120.3 122.4 117.7 122.9 112.8 119.6 122.5 116.4 122.9 111.1 118.7 122.6 114.8 122.9 111.0 118.7 122.6 114.7 122.8 111.7 118.8 122.5 115.0 '122.7 '111.6 '118.8 '122.6 114.9 122.6 111.1 118.5 122.5 114.3 122.6 111.4 118.7 122.4 114.9 122.4 1112 118.6 122.3 114.8 123.4 1112 119.1 123.3 114.9 Farm products, processed foods and feeds Farm products Foods and feeds, processed 115.4 110.9 117.8 118.6 1122 121.9 117.9 1092 122.4 117.9 109.5 1222 117.3 108.5 121.7 116.8 107.2 121.7 117.0 106.9 122.1 117.1 106.9 122.3 118.3 109.7 122.6 118.1 109.6 122.5 118.3 110.4 122.3 '117.6 '109.1 '121.9 116.3 1052 121.8 115.3 102.6 121.6 115.0 102.8 121.1 115.0 1012 122.0 Industrial commodities 111.6 115.8 118.4 121.4 120.7 119.0 119.3 1172 115.7 115.6 116.1 '116.1 116.0 116.4 1162 116.6 123.0 72.9 116.9 136.3 126.7 117.4 124.1 112.6 137.8 112.6 112.3 117.7 1162 123.6 82.2 119.1 141.7 129.7 120.7 123.0 114.7 141.3 113.6 114.9 121.5 118.2 124.5 91.3 119.3 141.4 129.3 121.2 124.6 115.0 141.3 113.4 115.1 121.0 116.7 126.5 101.0 119.5 140.9 127.5 121.4 124.5 115.3 142.0 1142 115.1 124.0 121.6 128.2 97.4 119.8 140.5 126.9 121.7 123.3 115.8 142.3 115.0 115.3 1242 121.5 127.9 90.5 120.0 140.6 126.8 122.0 122.4 115.8 142.3 115.4 1152 124.2 121.5 128.3 90.1 120.6 1402 127.6 122.6 122.4 116.9 143.6 116.0 115.7 125.2 121.9 128.1 83.0 120.9 140.0 1272 122.9 121.9 1172 143.8 116.0 115.8 125.7 122.4 126.0 78.5 121.0 140.4 127.8 123.0 121.5 117.4 143.7 115.8 115.9 125.7 1222 126.0 78.1 1212 141.1 1292 123.1 121.3 117.3 1432 115.5 116.0 125.5 121.5 125.3 125.0 '80.3 '1212 '140.0 136.2 '123.1 '119.7 117.3 '142.7 '115.0 '1162 '125.6 120.6 124.6 80.1 120.9 138.0 137.0 123.1 119.5 117.2 142.2 115.0 116.3 125.5 120.4 124.6 81.4 121.2 138.2 133.1 122.9 119.6 117.0 142.4 114.9 116.5 125.7 1202 124.3 121.3 137.1 133.0 123.0 119.6 117.3 142.6 114.9 116.5 124.8 118.6 124.9 81.0 121.4 136.5 133.3 123.0 119.5 117.3 142.9 114.7 116.6 128.9 125.6 '52 '4.9 1.3 1.2 A —A .1 -.7 115.6 116.1 120.8 1202 1244 118.1 121.6 115.0 123.8 125.4 117.9 122.3 122.1 125,1 120.6 1212 118.6 124.1 117.6 118.1 122.8 122.6 125.2 121.3 121.8 119.3 124.4 111.2 1172 122.3 121.7 124.8 120.2 122.3 117.6 124.8 113.2 116.6 122.^ 121.6 124.6 120.1 123.1 1172 125.7 104.5 115.7 121.5 120.5 124.9 118.4 123.5 114.7 125.9 101.0 114.5 1212 119.9 125.1 117.5 1242 113.4 1262 100.6 114.0 121 3 120.2 1255 117.7 123.9 113.7 126.1 100.7 113.9 121.9 120.7 125.5 118.5 123.6 114.9 126.5 '99.2 114.0 121.4 120.0 '124.9 117.7 '1232 '114.0 '126.7 113.7 121.1 119.6 124.0 117.6 123.3 113.7 126.7 99' 1141 121.4 120.1 123.5 118.4 123.7 114.8 126.8 98.3 114.2 121.5 120.1 122.9 118.7 123.5 115.2 127.0 100.1 114.1 122.3 121.0 123.4 119.8 124.5 1162 127.5 .831 .754 .818 .749 .814 .748 .820 .747 .818 .743 .824 .742 .827 .741 .826 .739 .821 .737 .820 .735 .822 .734 .822 .732 .824 .729 .818 .728 By stage of processing: Crude materials for further processing Intermediate materials, supplies, and components Finished goods # Finished consumer goods Capital equipment By durability of product: Durable goods Nondurable goods Total manufactures Durable manufactures Nondurable manufactures ... Chemicals and allied products Fuels and related prod., and power Furniture and household durables Hides, skins, and leather products Lumber and wood products Machinery and equipment Metals and metal products Nonmetallic mineral products Pulp, paper, and allied products Rubber and plastics products Textile products and apparel Transportation equipment # Motor vehicles and equipment Seasonally adjusted: $ Finished goods, percent change from previous month or year -2 .1 802 121.2 140.4 132.3 123.1 120.5 117.3 143.0 115.2 116.0 125.6 120.7 i -.4 —u 812 .7 2 Qu M A M A f\i nfn/^Accinn * By stage OF processing. Crude materials for further processing Intermediate materials, supplies, and components Finished goods # Finished consumer ooods Foods Finished Goods exc foods Durable ' Nondurable Capital equipment 992 PURCHASING POWER OF THE DOLLAR As measured by: Producer prices 1982=$100 . Consumer prices, 1982-84=$1.00 See footnotes at end of tables. .880 .807 .839 .766 SURVEY OF CURRENT'BUSINESS November 1991 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, Annual 1989 1961-83 | S-7 1990 1990 Sept | Oct. 1991 NOV. Dec. Jan. | Feb. | Mar. Apr. •toy | CONSTRUCTION AND REAL ESTATE -1 July Aug. 1 CONSTRUCTION PUT IN PLACE * [Millions of dollars] New construction (unadjusted), total Private, total # . Residential . New housing units Presidential buildings, except farm and public utilities, total # Industrial ConirnGrcidf ..... .... Public utilities: Telecommunications Public, total # Buildings (excl. military) # Housing and redevelopment Industrial Military facilities Highways and streets .'.' ." 443,722 446,434 40,704 40,080 37,061 32,006 27,732 27,105 34,483 36,043 '37220 '38,749 38,076 337,777 182,856 127,987 30,014 16,363 11,329 29,428 15,894 10,885 27,401 14,509 10,041 24,127 12,034 8,300 21,108 10,465 7,336 20394 9,625 6,643 29,216 22,044 10,991 7,527 32,467 345,417 196,551 139,202 24,120 12,192 8,048 25,162 13,608 26,144 14,838 9,739 '26,573 '15266 '10,461 '27,581 '15,960 '11,023 26,937 15,649 11,099 113,988 20,410 65,496 117,971 23,848 62,862 10,448 2,031 5,672 10,228 2,083 5,400 9,603 1,930 4,991 9,060 1,989 4,633 7,851 1,640 3,951 7,886 1,693 3,921 8,119 1,797 3,994 8,796 1,954 4,392 8,337 1,731 4,239 8,055 1,833 4,029 8,069 1,744 4,100 '8,280 '1,787 '4,280 8,003 1,789 4,007 9,465 9,565 827 98,305 39,567 3,621 1,300 3,520 28,174 108,657 45,825 3,733 1,433 2,732 30,593 4,329 307 178 210 3,383 3,973 370 92 163 3,715 247 2,956 4372 434.6 330.3 175.4 121.6 324.1 172.1 119.0 117.6 22.5 62.7 114.3 22.8 602 938 908 735 582 716 716 786 767 775 758 849 10,652 9,659 3,991 7,879 3,607 345 6,711 3,509 28 7,172 3,613 287 121 156 1,415 8,347 4,063 283 141 152 1,913 9~321 4,106 307 152 160 2,669 9,899 4,167 298 181 155 2,918 '10,647 11; 156 1,969 6,624 3,353 276 122 156 1,159 '11,167 '4,728 '284 128 '150 '3,648 11,139 4,640 314 334 182 3,315 431.4 421.3 406.5 410.1 401.9 407.0 3982 '400.6 '402.1 406.5 317. 168.0 115.1 311.3 165.0 113.0 303.9 161.8 107.9 300.5 155.6 103.5 293.3 152.4 100.8 299.0 151.8 100.6 291.0 154.6 1032 290.9 158.3 106.7 '289.6 '157.8 '109.7 '293.2 '162.9 '114.6 295.9 167.7 119.0 111.4 22.5 57.8 109.6 23.0 56.9 105.8 22.4 53.8 107.0 23.2 54.0 103.8 23.1 51.8 108.9 24.3 54.8 99.0 20.7 50. 94.3 20.9 47.6 '93.9 '20.9 '47.0 '91.9 '20.4 '462 90.1 20.0 44.5 385 94 144 1,177 4,568 294 118 '148 3,147 (Billions of dollars] New construction (seasonally adjusted at annual rates), total. Private, total # <. New housing units Presidential buildings, except farm and public utilities,'" total # i Industrial ZZ1" Commercial Z...Z Public utilities: Telecommunications Public, total # Buildings (excl. military) # Housing and redevelopment. Industrial Military facilities Highways and streets 9.9 10.1 9.9 8.8 10.1 9.1 9.7 8.6 9.4 106.8 472 3.7 2.1 2.5 29.8 110.5 46.6 4.4 1.1 2.0 31.6 114. 48.6 4.6 1.1 3.0 34.3 110.0 46.9 4.1 1.3 1.9 332 102.6 45.9 3.3 1.5 1.9 25.6 109.6 482 3.4 1.4 1.7 30.7 108.6 48.4 3.4 1.5 1.9 30.0 108.0 49.6 3.4 1.7 1.8 28.6 108.0 48.9 3.7 1.8 1.9 292 107.3 46.8 3.6 2.2 1.9 28.8 '111.0 '49.5 3.5 1.4 1.8 '28.7 '108.9 '49.3 3.4 1.5 1.8 30.0 110.6 50.7 3.8 4.0 2.2 282 92 CONSTRUCTION CONTRACTS [Millions of dollars, unless otherwise indicated] Construction contracts (F.W. Dodge Division, McGraw-Hill): Valuation, total Index (mo. data seas, adj.), 1982*100 Public ownership Private ownership By type of building: Nonresidential . Residential Non-building construction New construction planning (Engineering News-Record) § '. 261,163 '173 233,042 '157 ' 19,347 "148 '21,454 '151 17200 152 13,405 136 14,034 '132 13,376 '141 16,276 '139 20,929 '153 20,713 '146 19,552 '137 21,283 '145 21,558 '155 19,411 '144 22,738 157 71,305 69,573 163,471 -5,725 '13,622 '6,397 '15,057 5,000 12,200 4,326 9,079 5,116 8,918 4,925 8,450 5,803 10,473 6,700 14229 6,665 14,047 6,728 12,824 6,881 14,402 7,250 14,308 6,498 12,913 7,736 15,002 105,352 46,001 213,389 '7,435 '8,164 '3,748 18,901 '8,530 '4,100 16,895 6,100 7,008 4,091 13,169 5,393 5,308 2,704 15,344 5,923 5,091 3,021 14,365 5,091 5,185 3,100 8,136 5,747 6,785 3,744 10,619 7,076 8,712 5,141 9,229 6,778 9,190 4,745 17,726 6,412 8,909 4231 9,433 6,940 9,695 4,648 7,454 9,764 4,339 6218 8,941 4,252 8,337 9,984 4,417 1,192.7 894.8 93.1 71.9 94.2 75.6 81.4 54.9 57.4 43.1 52.5 392 59.1 46.1 73.8 61.4 99.7 82.8 97.7 84.5 103.4 86.8 103.5 87.4 '94.7 '78.7 '86.5 '73.6 103.1 82.4 1,106 1,026 1,130 769 907 742 977 801 983 831 1,034 1,049 879 1,056 788 '1,021 '864 1,096 913 742 780 1,005 794 953 760 '982 '782 1,035 797 15.6 173 14.7 175 17.4 178 15.1 172 111.5 '112.1 '111.8 112.3 112.0 112.5 93,058 120,436 47,670 275,118 HOUSING STARTS AND PERMITS [Thousands] New housing units started: Unadjusted: Total (private and public) Privately owned One-family structures () 1,376.1 1.003.3 Seasonally adjusted at annual rates: 0 Total privately owned One«family structures New private housing units authorized by building permits (17,000 permit-issuing places): t Monthly data are seas. adj. at annual rates: Total One-family structures Manufacturers' shipments of mobile homes: Unadjusted Seasonally adjusted at annual rates @ 1,338 932 1,111 798 198.1 925 703 916 15.9 181 18.1 110.8 111.1 730 847 854 645 802 611 876 142 181 10.3 167 11.7 168 10.9 157 12.8 157 152 175 16.6 174 110.9 111.0 110.8 110.7 110.7 110.9 110.6 111.0 110.6 111.0 110.6 111.0 110.8 CONSTRUCTION COST INDEXES Bureau of the Census, 1987=100: Composite fixed-weighted price index' Implicit price deflator * 107.4 108.3 110.1 110.8 110.8 111.2 Boeckh indexes, 1987=100: t t Average, 20 cities: Apartments, hotels, office buildings Commercial and factory buildings Residences , 106.2 1075 106.3 108.7 110.6 109.7 109.7 111.7 110.7 Engineering News-Record, 1967=100. Building Construction ,., , , 390.7 428.8 400.0 440.5 404.1 444.4 107.7 108.5 109.2 Federal Highway Adm.-Highway construction, 1987=100: Composite (avg. for year or qtr.) $$ See footnotes at end of tables. 111.5 112.3 110.7 109.9 111.8 110.8 444.2 404.1 445.7 402.6 444.7 108.5 402.7 444.8 402.1 444.4 402.0 444.3 112.2 114.4 113.3 111.2 '113.0 112.1 111.7 112.7 110.9 401.0 443.7 403.1 447.0 404.6 448.6 111.8 408.1 451.9 112.9 115.6 114.3 413.3 455.4 412.3 455.3 107.0 2 2 412.3 455.4 SURVEY OF CURRENT1 BUSINESS S-8 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, Annual 1989 1961-88 November 1991 1990 | 1990 Sept | Oct. 1991 Nov. Dec. Jan. Feb. | Mar. Apr. | May ] June | Ji ly | Aug. | Sept Oct. CONSTRUCTION AND REAL ESTATE-Continued REAL ESTATE 0 [Thousands of units] Mortgage applications for new home construction: FHA applications Seasonally adjusted annual rates 115.4 117.3 Requests for VA appraisals ..'. Seasonally adjusted annual rates 109.6 9.3 129 9.5 127 8.3 122 9.2 8.1 119 8.2 5.8 10.5 106 6.0 105 8.4 8.3 92 1.0.1 117 .7.4 7.1 92 8,695.0 111 8.1 120 [Millions of dollars] Home mortgages insured or guaranteed by: Fed. Hous. Adm.: Face amount Vet. Adm.: Face amount § ; ... 45,893.24 14,041.80 51,863.74 15,787.10 4,31958 1,180.04 4,476.07 1,612.16 4,224.89 1,206.52 141,794 117,096 117,887 116,514 116,675 3.686.16 4,459.53 1,501.67 3,651.85 1,259.86 3,630.56 1,183.14 3,765.79 1,210.77 3,723.18 1,173.79 4,070.27 4,444.38 1,311.15 4,828.99 1,589.33 4,072.77 1,529.80 3,696.55 112,647 111,513 107,004 102,827 98,744 94,740 91,525 90,142 83,946 80,143 8,216 8,113 11,137 13,640 14,253 13,322 12,743 675 7,038 682 6,984 419 934 9,728 475 1,106 12,047 467 1,246 12,470 536 1,206 11,511 605 1,285 10,964 931.01 Federal Home Loan Banks, outstanding advances to member institutions, end of period ... 117,096 New mortgage loans of SAIF-insured institutions, estimated total @ By purpose of loan: Home construction Home purchase All other purposes 2 186,567 2 2 24,952 142,432 2 19,183 2 152,384 11,766 2 16,202 127,297 1,163 2 12,291 10,224 10,541 558 8,758 527 10,526 880 8,651 DOMESTIC TRADE ADVERTISING [Millions of dollars] Magazine advertising (Leading National Advertisers): Cost, total Apparel and accessories ... Automotive, incl. accessories Building materials Drugs and toiletries ..... Beer, wine, liquors Houshold equipment supplies, furnishings Industrial materials Soaps, cleansers etc Smoking materials .'• All other Newspaper advertising expenditures (Newspaper Advertising Bureau, Inc.): Total Classified National Retail 8,771 3,226 1114 4431 7718 2,598 1,072 4,047 6,770 2,293 982 ...!.... 3,496 32,368 , 11,916 (• 3,948 16,504 32,280 11,506 4,122 16,652 1,728,059 842,065 885,994 1,790,321 876,182 914,139 145,254 71,411 73,843 162,605 78,872 83,733 149,343 70,015 79,328 142,295 67,374 74,921 140,101 64,989 75,112 130,923 62,188 68,735 144,696 70,164 74,532 147,536 70,939 76,597 151,460 71,311 80,149 142,711 69,060 73,651 147,164 -148,417 70,183 -71,644 76,981 -76,773 145,964 71,748 74,216 188,586 121,484 67,102 195,861 126,560 69,301 191,489 127,597 63,892 195.482 127,298 68,184 196,474 127,118 69,356 195,861 126,560 69,301 200,792 130,628 70,164 200,356 131,344 69,012 198,017 130,016 68,001 196,316 129,997 66,319 192,743 127,981 64,762 190,525 125,687 64,838 191,427 -188,557 127,149 -125,480 64,278 -63,077 190,516 125,760 64,756 1,741,748 1,807,219 146,335 151,469 156,086 179,653 130,903 128,589 149,299 148,510 159,835 153,909 154,643 -159,910 -147,259 '152,470 652,184 654,757 52,561 54,092 52,271 56,505 43,954 45,320 52,909 55,271 58,949 56,669 57,277 -56,724 -53,642 '53,975 92,700 383,596 91,493 92,524 381,961 92,983 7,707 31,005 7,377 8,082 31,603 7,710 7,443 28,953 8,118 6,558 26,507 9,784 5,626 25,656 6,705 5,683 27,112 6,495 6,876 32,191 7,234 8,558 33,185 7,150 9,282 35,031 7,518 8,701 33,792 7,342 8,787 34,262 7,562 8,556 -33,182 -7,676 -8,055 -31,887 -7,124 '8,417 '31,241 '7,523 1,089,564 204,387 345,069 117,791 91,426 173,894 62,495 20,033 1,152,462 211,933 362,410 131,725 94,731 182,044 68,557 20,813 93,774 15,970 30,010 11,781 7,599 15,176 5,454 1,666 97,377 17,027 29,970 12,562 7,728 15,289 5,841 1,694 103,815 21,783 30,472 12,271 8,807 14,722 5,943 1,785 123,148 32,454 32,809 11,709 12,696 15,075 7,500 2,501 86,949 12,335 29,451 10,667 5,641 13,927 5,771 1,629 83,269 12,965 27,452 9,484 5,784 13,809 5,686 1,537 96,390 16,778 31,276 10,241 7,890 15,560 6,298 1,716 93,239 16,370 29,552 10,382 7,533 15,506 6,049 1,642 100,886 18,091 32,652 11,219 8,004 16,596 6,296 1,790 97,240 16,983 31,650 11,090 7,503 16,801 5,989 1,772 97,366 -103,186 16,153 -18,595 31,993 -32,518 11,298 -11,572 -8,918 7,339 16,797 -17,450 -6,231 6,065 -1,922 1,884 -93,617 -16,178 -29,913 -10,756 -7,578 -15,624 -5,866 1,679 '98,495 '17,859 '30,850 '10,896 '7,964 '16,093 '6,241 -151,970 -151,984 152,711 149,750 147,803 151,092 151,467 150,967 152,710 152,642 -54,276 -54,296 54,152 52,402 50,897 53,235 53,725 53,490 54,074 54,212 54,117 -53,390 -54,526 '54,549 -7,625 -5,476 -1,114 -7,555 -5,408 1,111 7,633 5,448 1,103 7,341 5,364 1,081 7,270 5,141 1,085 7,645 5,419 1,133 7,488 5,380 1,110 7,836 5,675 1,114 7,814 5,666 1,120 7,762 5,752 1,089 7,882 5,805 1,080 -7,727 -5,750 -1,093 -7,848 5,808 1,074 '7,918 -31,664 -29,138 -2,526 -31,729 -29,174 -2,555 31,839 29,287 2,552 30,531 27,981 2,550 29,186 26,656 2,530 30,758 28,180 2,578 31,149 28,590 2,559 30,849 28,180 2,669 31,307 28,628 2,679 31,562 28,885 2,677 31,238 28,593 2,645 -30,691 -28,119 -2,572 -31,830 -29,265 -2,565 '31,739 '29,234 '2,505 -7,740 -4,290 -2,759 -7,677 -4,243 -2,742 7,537 4,173 2,660 7,380 4,056 2,609 7,303 4,012 2,616 7,487 4,105 2,690 7,536 4,071 2,740 7,590 4,114 2,752 7,607 4,124 2,724 7,555 4,034 2,736 7,680 4,121 2,782 -7,581 -4,088 -2,737 -7,541 4,082 2,710 '7,515 WHOLESALE TRADE f [Millions of dollars] Merchant wholesalers sales (unadj.), total Durable goods establishments Merchant wholesalers inventories, book value (non-LIFO basis), end of period (unadj.), total Durable goods establishments Nondurable goods establishments RETAIL TRADE $ [Millions of dollars] All retail stores: Estimated sales (unadj.), total Durable goods stores # Building materials, hardware, garden supply, and mobile home dealers Automotive dealers Furniture, home furnishings, and equipment Nondurable goods stores General merch. group stores Food stores Gasoline service stations ADoarel and accessory stores Eating and drinking places Drua and oroDrietarv stores Liquor stores Estimated sales (seas adj) total Durable goods stores # Bldg. materials, hardware, garden supply, and mobile home dealers#........ Building materials and supply stores Hardware stores . Automotive dealers . Motor vehicle and miscellaneous auto dealers Auto and home supply stores Furniture home furnishings and equipment # Furniture home furnishings stores Household appliance radio and TV stores See footnotes at end of tables. 153,195 -152,160 -153,025 '152,888 SURVEY OF CURRENT1 BUSINESS November 1991 Annual Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, 1989 1961-88 | S-9 1990 1990 Oct. Sept | 1991 Nov. Dec. Jan. | Feb. | Mar. | Apr. May June July Aug. '98,770 '18,393 '14,932 Sept | Oct DOMESTIC TRADE-Continued RETAIL TRADE ^-Continued [Millions of dollars-Continued] All retail stores-Continued Estimated sales (seas. adj.)-Continued '97,694 Nondurable goods stores General merch. group stores Department stores excluding leased departments . Variety stores Food stores Grocery stores Gasoline service stations Eating and drinking places Drug and proprietary stores .... Liquor stores Estimated inventories, end of period: Book value (non-UFO basis), (unadjusted), total Durable goods stores # Bldg. materials, hardware, garden supply, and mobile home dealers ............ Automotive dealers Furniture, home furnishings, arid equipment 14,456 595 18,541 15,044 600 599 '18,309 '14,867 600 31,125 29,087 10,746 31,251 29,116 10,663 30,991 28,934 10,618 '30,825 '28,778 '10,735 '31,064 '29,004 '10,618 8,147 787 8,188 750 2,828 1,510 15,791 6,227 1,769 15,955 6,245 1,760 15,816 "8,155 '768 '2,787 '1,518 '15,907 '6,281 '1,822 '8,066 777 2,776 1,484 8,074 755 2,807 1,455 '15,766 '630 1,802 232,148 "233,296 112,816 '111,399 242,066 114,971 '16,304 '54,433 '16,609 56,005 17,337 '30,500 28,511 '12,125 30,701 28,727 12,547 30,639 28,670 11,887 30,650 7,799 776 2,666 7,696 8,002 782 7,856 780 2,685 1,499 1,532 2,698 1,466 2,801 1,501 2,836 1,507 7,475 749 2,470 1,430 8,103 766 2,599 '1,506 '7,816 '783 '2,694 1,488 '15,252 5,858 '1,761 15,168 '5,924 '1,768 15,240 5,961 1,773 15,166 5,869 1,785 15,304 5,925 1,826 15,710 6,154 1,845 15,513 6,254 1,837 15,615 6,243 1,783 "30,675 '7,905 '790 '2,723 Apparel and accessory stores # Men's and boys' clothing and furnishings stores . Women's clothing, specialty stores, and furriers .. Shoe stores 99,078 17,925 14,266 637 11,711 ., 98,430 18,324 14,864 607 96,906 '17,613 '14,204 '601 98,559 17,687 17,484 14,255 582 11,409 593 97,742 18,072 14,704 591 30,483 28,509 10,926 30,947 28,977 10,701 97,857 18,109 14,815 97,477 18,093 14,710 10,497 794 ; 98,636 97,348 17,446 14,140 561 ' 17,676 14,189 r 611 635 1,794 237,352 121,195 243,058 119,194 256,414 124,645 260,078 126,967 237,352 121,195 236,304 120,298 236,816 119,389 235,947 116,856 236,440 116,894 235,386 117,072 232,348 115,004 15,893 66,391 17,003 15,782 65,292 16,843 16,276 60,281 17,766 15,948 63,662 18,649 15,836 65,545 18,640 15,782 6532 16,843 15,893 64,692 16,597 16,241 63,807 16,386 16,831 60,975 16,405 16,639 60,163 16,874 16,848 60,134 16,795 16,709 58,508 16,664 Nondurable goods stores # General merch. group stores Department stores excluding leased departments ... Food stores Apparel and accessory stores .....; 111,755 40,091 31,248 23,397 17,667 116,157 40,348 31,946 25,249 18,021 123,864 45,983 35,724 24,222 21,263 131,769 50,359 39,507 25,068 22,364 133,111 51,004 40,431 25,559 22,084 116,157 40,348 31,946 25,249 18,021 116,006 40,626 117,427 42,030 33,194 24,757 18,771 119,091 43^0 34,370 19,138 119,546 43,580 34,839 24,980 19,304 117,344 42,069 33,475 25282 18,706 119,332 "121,897 43,344 "44,448 34,466 '35,344 24,950 '24,852 1930 '20,156 127,095 47,408 37,869 25,347 20,990 Book value (non-UFO basis), (seas, adj.), total Durable goods stores # ... Bldg. materials, hardware, garden supply, and mobile home dealers Automotive dealers Furniture, home furn., and equipment 238,159 120,663 242,563 '241,895 120,629 '122,303 244,901 124,048 244,550 122,947 242,563 120,629 244,071 121,217 241,179 11939 236,900 116,041 236,696 116,087 118,314 42,593 34,017 25,243 18,954 236,204 115,490 235,098 114,305 235,994 '236,757 114,754 '115,279 240,335 117,515 16,590 64,179 17,140 16,440 63,071 16,996 16,574 '64,465 '17,418 16,441 66,102 17,364 16,427 65,062 17,291 16,440 63,071 16,996 16,401 63,580 17,005 16,241 61,942 16,893 16,199 59,357 16,723 16,014 58,921 17,166 16,107 58,461 17,103 16,160 57,390 17,039 '16,452 '58,327 '16,709 16,559 59,683 16,997 Nondurable goods stores # General merch. group stores Department stores excluding leased departments ... Food stores .. Apparel and accessory stores 117,496 44,095 34,226 23,198 19,436 121,934 44,357 34,990 25,008 19,847 '119,592 '43,639 '34,218 '24,383 '19,853 120,853 44,032 34,595 24,373 20,057 121,603 44,286 34,854 24,604 19,895 121,934 44,357 34,990 25,008 19,847 122,854 44,824 35,563 25,325 19,804 121,940 44,341 34,941 25,178 19,738 43,820 34,752 25,273 19,569 120,609 43,684 34,700 25,246 19,558 120,714 43,905 34,925 25,336 19,380 120,793 44,171 35,163 25,334 19,405 121,240 "121,478 44,465 '44,567 35,569 '35,737 2536 '25,307 19,222 '19,214 122,820 45,024 36,273 25,517 19,617 648,387 685,851 54,606 57,074 63,525 82,401 49,228 47,817 57,230 54,982 59,740 57,115 56,728 61,063 77,143 7,940 81,101 8,597 6,315 714 6,562 767 7,152 727 10,544 702 5,265 636 611 5,213 582 698 6,626 747 7,244 795 6,948 794 7,045 823 7,121 825 571,244 187,508 192,960 190,359 50,066 44,384 37,521 604,750 194,464 202,872 199,992 53,297 45,964 41,947 48,291 14,555 16,608 16,407 4,288 3,828 3.293 50,512 15,572 16,893 16,680 4,290 3,901 3,539 56,373 20,087 17,264 17,028 5,163 3,725 3,670 71,857 30,149 18,732 18,316 7,570 3,761 4,993 43,963 11,275 17,034 16,820 3,039 3,515 3,450 42,604 11,903 15,629 15,386 3,217 3,418 3,457 50,994 15,399 17,846 17,570 4,616 3,933 3,864 48,356 14,934 16,488 16,264 4,284 3,812 3,597 52,496 16,504 18,173 17,940 4,602 4,005 3,787 50,167 15,521 17,458 17,240 4,287 4,050 3,639 49,683 14,688 17,718 17,494 4,149 4,026 3,686 53,942 17,050 18,126 17,903 532 4,162 3,834 57,908 711 13,730 472 17,020 4,454 1,576 953 3,595 58,046 711 13,715 58,274 718 13,823 472 17,045 57,825 721 13,702 431 16,959 57,630 720 4,393 58583 718 14,308 455 1739 4,536 1,603 920 3,849 58,317 741 14,308 453 4,462 1,566 956 3,696 58,497 741 14,454 465 16,945 4,647 1,594 971 3,778 Firms with 11 or more stores: Estimated sales (unadj.), total Durable goods stores Auto and home supply stores Nondurable goods stores # General merchandise group stores Food stores :. Grocery stores Apparel and accessory stores Eating places ..... Drug stores and proprietary stores , Estimated sales (sea. adj.), total Auto and home supply stores Department stores excluding leased departments Variety stores Grocery stores Apparel and accessory stores . Women's clothing, specialty stores, and furriers Shoe stores Drug stores and proprietary stores 466 16,934 4,411 1,555 926 3,683 1,546 905 3,615 3231 25,193 17,645 13,872 451 17,093 4,361 1,538 896 3,531 3,786 16,942 4,649 1,652 965 58,573 739 16,286 57,688 17,022 945 3,757 14,033 441 17,240 4,608 1,649 922 3,806 753 14,633 447 17,168 4,725 1,645 946 3,872 191,443 128,931 1,604 740 14,412 455 17,184 4,717 1,689 1 31,137 29,115 10,507 1 1 '8,004 1,478 233,000 121,245 16,319 56,415 16,562 98,339 18,181 M 4,795 1 '15,918 1 6,323 1631 59,377 754 14,556 446 17,165 4,656 1,593 963 3,900 LABOR FORCE, EMPLOYMENT, AND EARNINGS LABOR FORCE AND POPULATION [Thousands, unless otherwise indicated] Not seasonally adjusted: Noninstitutional population, persons 16 years of age and over Labor force <§> Resident Armed Forces Civilian noninstitutional population Civilian labor force, total Employed Unemployed 188,081 125,557 186,393 117,342 6,528 Seasonally adjusted: 0 Civilian labor force, total : Participation rate, percent t Employed, total Employment-population ratio, percent \ , Agriculture Nonagriculture ., 66.5 190,002 See footnotes at end of tables. .., 190,483 126,247 1,617 190,592 125,200 1,615 190,717 125,672 1,602 190,703 125,903 1,460 190,836 126,183 1,456 190,980 126,315 1,458 191,173 128,559 1,505 188,866 124,630 117,287 7,343 188,977 123,585 114,990 8,595 189,115 124,070 115,151 8,919 189,243 124,443 115,639 8,804 124,727 116,678 8,049 189,522 124,857 116,624 8,233 189,668 127,054 6,722 124,821 117,611 7,211 11830 8,774 127,327 118,751 8,576 124,875 662 117,733 62.4 3,175 114,558 124,723 66.1 117,386 62.2 3,185 114,201 125,174 66.3 117,574 62.3 125,076 66.1 116,918 61.8 125,326 66.2 125,672 66.4 114,321 124,638 66.0 116,922 61.9 3,163 113,759 113,696 116,754 61.7 3,098 113,656 117,398 62.0 3,156 114,243 12532 66.1 116,591 61.5 3,272 113,319 125,629 662 116,884 61.6 3,308 113,576 7,337 1,727 7,600 1,739 7,715 1,829 8,158 1,975 8,572 2,184 8,274 8,640 8,745 2,573 126,380 1,601 188,049 124,787 117,914 188,401 124,779 117,961 6,818 188,525 125,020 118,299 124,970 66.3 117,883 62.6 3,194 7,142 1,591 6,874 66.4 63"6 62J 3,199 114,142 3,186 114,728 1,375 1,504 Unemployed, total Long term, 15 weeks and over 190,312 126,436 1,615 190,095 126,590 1,570 126,424 1,637 7,087 1,605 333 332 239 234 191,589 127,713 1,616 191,746 127,029 1,624 191,903 127,182 1,614 189,973 126,097 117,859 190,122 125,405 117,335 8,070 190,289 125,568 117,555 8,013 125,214 66.0 116,712 61.5 3,239 113,474 124,904 65.7 116,416 61.3 113,150 125,607 66.1 117,165 61.6 3,306 113,859 8,501 2,348 8,488 2,396 8,442 2,362 125,549 66.0 116,967 61.5 3,195 113,772 8,582 2,537 837 336 SURVEY OF CURRENT1 BUSINESS S-10 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, 1961-88 Annual 1989 | November 1991 1991 1990 1990 Sept. | Oct. Nov. | Dec. Jan. ] Feb. | Mar. | Apr. May | June | July Aug. | Sept | Oct LABOR FORCE, EMPLOYMENT, AND EARNINGS-Continued LABOR FORCE-Continued Seasonally adjusted 0—Continued 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... Hispctntc onoin ...*..».....». ....*..... Married men, spouse present Married women, spouse present Women who maintain families Industry of last job: Private nonagricultural wage and salary workers Construction ...............•.* , Mdnufdcturino * .......*... 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 5.3 4.5 4.7 5.5 4.9 4.8 5.7 5.1 4.9 15.0 15.5 15.7 4.5 4.7 4.8 5.7 52 4.9 162 4.9 11.4 11.3 11.9 11.7 8.0 3.0 3.7 8.1 8.0 3.4 3.8 8-2 8.5 3.5 3.9 8.7 8.2 3.5 3.9 8.5 6.5 6.3 5.4 6.8 6.5 5.7 6.6 6.2 5.5 6.9 6.5 5.8 7.0 6.6 5.9 6.8 6.5 5.4 6.8 6.5 5.7 6.7 6.5 5.5 17.1 18.7 18.1 19.1 19.2 20.6 19.0 18.0 5.9 6.2 5.8 6.1 6.2 62 6.1 6.0 12.1 11.8 13.0 13.1 11.8 12.3 9.5 4.3 4.4 9.1 12.3 10.3 12.6 9.3 4.0 4.1 9.0 9.0 4.4 4.5 9.9 9.7 4.4 4.6 9.1 9.8 4.7 4.7 92 9.5 4.3 4.3 8.3 9.9 4.3 4.4 9.6 12.1 11.1 5.9 5.4 5.1 6.1 5.6 5.3 16.4 16.6 5.0 125 8.6 3.7 4.1 8.7 5.3 62 5.6 5.3 182 5.5 12.2 9.3 3.8 4.1 8.7 4.5 4.8 9.0 4.5 4.5 8.9 6.8 6.4 5.8 18.8 6.0 12.7 10.6 4.2 4.4 9.5 5.3 5.7 5.8 5.9 62 6.3 6.4 6.9 72 7.0 72 7.4 7.1 7.0 6.9 10.0 11.1 12.0 13.0 13.3 14.0 14.5 15.5 14.1 15.0 14.7 15.6 16.7 15.1 15.7 5.1 4.8 9.6 5.8 5.8 9.7 5.8 6.0 9.3 5.8 5.9 8.5 6.5 6.9 9.8 6.5 6.6 6.4 6.8 7.4 8.1 7.6 8.2 7.0 7.1 72 7.4 6.6 6.7 7.1 11.9 11.5 13.8 7.4 7.7 112 8.2 8.4 12.3 7.6 8.3 9.9 12.2 11.5 11.9 10.9 12.0 2.0 3.9 6.5 5.2 8.0 6.4 2.1 4.2 6.6 5.8 8.6 6.2 2.5 4.5 6.9 5.8 7.3 5.4 2.2 4.3 6.5 5.6 8.0 5.1 2.0 4.5 7.1 6.5 9.2 7.0 2.1 4.4 6.6 7.1 9.9 82 2.7 5.0 72 9.1 2.4 52 7.5 9.6 2.5 52 7.9 8.8 2.4 4.9 6.7 8.2 2.9 5.1 7.5 72 12.3 10.3 13.0 10.5 12.3 11.2 11.0 6.4 2.8 5.2 7.4 7.6 9.8 5.8 3.1 5.0 7.1 7.2 9.9 5.4 3.3 5.1 7.1 7.1 92 6.8 3.1 52 7.6 7.1 8.7 6.8 2.9 5.1 7.6 6.9 8.8 7.2 108,329 90,550 109,971 91,649 110,478 92,412 110,721 92,128 110,691 91,937 110,409 91,756 107,979 89,646 107,887 89,204 108.147 89,373 108,590 89,825 109,304 90,493 109,836 91294 108.607 "108,687 '109,372 "109,740 91,145 '91,416 '91,225 '91,083 108,329 90,550 71,108 25,322 109,971 91,649 72,538 24,958 110,113 91,785 72,742 24,842 109,982 91,638 72,665 24,705 109,761 91,406 72,599 24,481 109,621 91268 72,519 24,375 109,418 91,053 72,382 24,181 109,160 90,771 72,239 24,039 108,902 90,495 72,052 23,877 108,736 90,312 71,916 23,794 108,887 90,447 72,021 23,847 108,885 90,429 72,051 23,792 108,859 '108,971 '109,019 "109,018 90,439 '90.557 '90,612 "90,605 72,037 "72,115 '72201 '72.226 23,798 '23,826 '23,792 '23,727 10.4 5.8 7.0 162 EMPLOYMENT § [Thousands] total, not adjusted for seas, variation Private sector (excl. government) Seasonally adjusted: Total employees, nonfarm payrolls Private sector (excl. government) Nonmanufacturing industries Goods-oroducino Mining 1IIIZZZIIII~~. Construction Manufacturing Durable goods ..... Lumber and wood products Furniture and fixtures Stone, clay and glass products ...... Primary metal industries Fabricated metal products Industrial machinery and equipment Electronic and other electrical equipment Transportation equipment Instruments and related products Miscellaneous manufacturing 693 711 711 710 712 715 713 715 714 710 706 704 701 693 684 5,187 5,136 5,088 5,022 4,962 4,911 4,797 4,792 4,720 4,688 4,715 4,710 4,695 4,691 '4,697 19,442 11,420 19,111 11,115 19,043 11,049 18,973 11,000 18,807 10,867 18,749 10,828 18,671 10,770 18,532 10.652 18,443 10,584 18,396 10,560 18,426 10,575 18,378 10,534 18,402 10,546 741 510 557 756 733 508 552 754 730 505 549 753 719 496 543 747 714 493 539 742 706 490 532 740 696 482 527 726 692 479 520 724 692 481 521 723 697 483 519 721 696 483 518 718 699 478 520 721 '18,411 '10,531 '697 "18,379 "10.496 758 526 570 773 '18,442 '10,553 '700 '483 481 523 1,450 2,130 1,747 2,054 1,028 1,423 2,095 1,673 1,980 1,004 1,421 2,079 1,657 1,971 1,415 2,074 1,647 1,957 1,402 2,063 1,636 1,897 1.395 2,054 1,628 1,902 1,389 2,048 1,621 1,888 1,365 2,036 1,611 1,859 1,356 2,024 1,599 1,846 1,353 2,007 1,597 1,846 1.354 2,003 1,599 1.863 1,358 1,990 1,594 1,845 1,359 1,984 1,589 1,861 '522 '719 '1,358 '1,980 '1,580 1,862 '481 "522 "715 '1,355 '1,971 '1,574 '1,849 '722 '1,361 '1,980 '1,585 1,868 383 377 998 376 995 375 991 373 989 372 985 371 982 368 978 366 976 364 973 363 969 363 968 367 966 365 967 365 8,022 1,651 7,995 1,668 7,994 1,670 7,973 1,672 7,940 1.669 7,921 1,672 7,901 1,673 7,880 1,679 7,859 1,679 7,836 1,673 7,851 1.677 7,844 1,677 7,856 1,660 '7,889 '1,685 '7,880 '1,675 50 721 49 691 49 685 49 678 49 677 49 671 49 667 49 661 48 660 48 660 48 665 48 665 49 671 50 48 1,079 1,043 1,039 1,032 1,023 1,017 1,012 1,010 1,009 1,005 1,013 1,017 1,032 '670 1,031 697 699 700 699 697 695 696 694 693 691 690 687 689 692 1,562 1,076 1,574 1,093 1,575 1,096 1,573 1,095 1,568 1,095 1,565 1,095 1,560 1,094 1,553 1,093 1,548 1,091 1,542 1,089 1,540 1,086 1,531 1,086 1,532 1,084 156 891 138 158 889 132 158 892 130 158 889 128 159 877 126 159 873 125 158 868 124 158 861 122 158 852 121 159 849 120 159 854 119 159 854 120 159 857 123 '1.531 1,088 '160 '861 '121 '670 '1,034 '692 1,530 '1,088 83,007 5,644 6,221 19,549 6,695 27,120 17,779 2,988 4,182 10,609 85,014 5,826 6,205 19,683 6,739 28,240 18,322 3,085 4,303 10,934 85,271 5,854 6,204 19,698 6,750 28,437 18,328 2,994 4,328 11,006 85,277 5.855 6,190 19,663 6,746 28,479 18,344 2,980 4,339 11,025 85,280 5,852 6,180 19,628 6,740 28,525 18,355 2,964 4,345 11,046 85,246 5,867 6,166 19,579 6,733 28,548 18.353 2,948 4,347 11,058 85,237 5,866 6,138 19,542 6,736 28,590 18,365 2,952 4,352 11,061 85.121 5,834 6,119 19,464 6,732 28,583 18,389 2.951 4,354 11,084 85.025 5,824 6,105 19,378 6,735 28,576 18.407 2,951 4,359 11,097 84,942 5,814 6,086 19,324 6,718 28.576 18.424 2.953 4.352 11,119 85,040 5,819 6,085 19,339 6,712 28,645 18,440 2,952 4,348 11,140 85,093 5,809 6,068 19,345 6,703 28,712 18,456 2,971 4,359 11,126 85,061 5,809 6,064 19,347 6,688 28,733 18,420 2,963 4,338 11,119 Production or nonsupervisory workers on private nonfarm payrolls, not seas, adjusted Manufacturing, not seas, adjusted 73,400 13,269 74,254 12,974 74,944 13,071 74,709 12,984 74,526 12,788 74,340 12,694 72,309 12,485 71,903 12,362 72,079 12,319 72,530 12,327 73,188 12,389 73,941 12,491 Production or nonsupervisory workers on private nonfarm payrolls Goods-oroducina . 73,400 17,811 74,254 17,471 74,348 17,368 74,209 17,252 73,984 17,048 73,841 16,958 73,666 16,787 73,378 16,658 73,172 16,534 72,983 16,477 73,121 16,530 494 510 511 512 512 513 511 512 511 509 503 4,048 1339 7,614 3,987 12,974 7,371 3,937 12,920 7,322 3,876 12,864 7,287 3,821 12,715 7,172 3,773 12,672 7,148 3,672 12,604 7,098 3,658 12,488 7,000 3,599 12,424 6,956 3,565 12,403 6,948 628 419 445 590 610 403 433 574 604 401 429 572 600 397 426 571 590 389 421 566 585 386 419 562 578 384 411 559 1,074 1,285 1,104 1,279 1,048 1,259 1,055 1,218 1,046 1,246 1,043 1,217 1,041 1244 1,038 1,211 1,030 1,235 1,028 1,158 1,024 1,228 1,022 1,168 1,018 1,223 1,014 1,158 569 377 406 548 994 564 375 400 546 990 1,215 1,007 1,135 511 279 498 274 491 273 488 271 486 269 486 268 486 267 484 265 Nondurable goods Food and kindred products Tobacco manufactures Textile mill products Apparel and other textile products Paper and allied products Prinono doo puolisninci Chemicals and allied products Petroleum and coal products Rubber and misc. plastics products Leather and leather products Service-producing Transportation and public utilities Wholesale trade Retail trade .... Finance, insurance, and real estate Services Government Federal State Local Mining L... '. ...... .., '. Z '. ."."... Construction..;....... Manufacturing Durable goods Lumber and wood products Furniture and fixtures Stone, clay, and glass products Primary metal industries Fabricated metal products ." Industrial machinery and equipment Electronic and other electrical equipment Transportation equipment Instruments and related products Miscellaneous manufacturing See footnotes at end of tables. , "698 "7,883 "1,674 "48 "672 "1,036 "690 '863 '121 "1,526 '1,094 "159 "864 '120 '85,145 '5,820 '6,050 19,343 '6,687 '28.831 '18,414 '2,967 '4,337 '11,110 '85227 '5,825 6,047 '19.339 '6,691 '28,918 '18,407 '2,979 '4,333 '11,095 '85,291 '5,831 '6,041 '19,292 '6,695 "29,019 "18,413 '2,984 '4,322 '11,107 73,811 12,384 '74,074 '12,579 '73,895 '12,606 '73,782 '12,571 73,147 16,507 73,196 16,535 499 3,598 12,429 6,964 3,597 12,410 6,943 3,588 12,448 6,971 '73,301 '16,507 "483 "3,573 "12,451 566 377 401 544 989 570 378 400 544 990 570 379 400 541 992 573 375 401 544 995 '73265 '16,563 '490 '3,585 '12,488 '6,983 '574 '379 '73,313 '16,532 500 1,209 1,000 1,125 1,198 1,001 1,130 1,191 1,005 1,148 1,183 1,004 1,139 1,177 1,005 1.163 485 262 481 261 478 260 475 260 474 264 404 159 484 '3,592 -12,456 '6,958 572 379 403 '1,179 '1,004 '1,169 '471 '542 '996 "1,177 '998 '1,160 '468 263 263 '545 995 "6,942 "574 '378 '404 '539 '992 '1,176 '996 '1,150 '467 '266 SURVEY OF CURRENT BUSINESS November 1991 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, Annual 1989 1961-88 S-ll 1990 | 1990 Sept Oct. 1991 Nov. Dec. Jan._[ Feb. | Mar. | Ap | July | Aiig. | Sept Oct LABOR FORGE, EMPLOYMENT, AND EARNINGS-Continued EMPLOYMENT §-Continued [Thousands] Seasonally adjusted-Continued Production or nonsupervisory workers—Continued Nonoufciblo Goods *. ..•..*. ........... Food and kindred products ,... Tobdcco mHnufecturos •**• .•*......*....* *.* Textile mill products Apparel and other textile products ..... Paper and allied products . Printing and publishing Chemicals and allied products , Petroleum and coal products Rubber and misc. plastics products Leather and leather products; Service-producing Transportation and public utilities Wholesale trade Retail trade Finance, insurance, and real estate Services 5,655 1,181 07 01 623 910 522 867 605 102 694 115 55,590 4,688 5,009 17,327 4,849 23,718 .... 5,603 1,200 oe 00 593 874 524 873 603 103 688 109 5,598 1203 07 0/ 588 870 525 873 601 103 691 107 56,783 4,835 4,985 17,434 4,884 24,646 56,980 4,850 4,983 17,445 4,891 24,811 34.8 34.6 44.7 39.1 5,577 1,204 oe 00 580 * 300 6 5,524 1206 oe 00 5,506 1,208 ae 00 580 574 571 5,543 1 5,488 1213 oe 00 565 5,468 1213 QC 00 564 5.465 1,211 Off 00 570 342 347 34.3 44.9 38.2 34.6 45.0 38.7 34.5 34.1 43.9 38.6 34.0 372 34.0 34.0 44.3 37.8 40.1 40.3 56,957 4,852 4,968 17,409 4,886 24,842 56,936 4,854 4,959 17,370 4,876 24,877 56,883 4,868 4,946 17,321 4,863 24,885 56,879 4,869 4,924 17277 4,869 24,940 56,720 4,840 4,904 17202 4,863 24,911 34.3 34.3 34.4 44.9 33.7 34.1 44.4 36.2 33.9 34.3 44.9 37.0 863 521 843 '56,702 4,836 '4,843 '17,067 '4,826 '25,130 56,591 4,834 4,878 17,083 4,854 24,942 842 521 851 591 102 651 98 00 574 56,661 4,834 4,861 17,078 4,837 25,051 56,506 4,825 4,879 17,072 4,851 24,879 843 522 855 592 102 660 100 '5,505 "1,220 56,640 4,825 4,864 17,081 4,851 25,019 56,638 4,834 4,894 17,132 4,862 24,916 844 522 860 594 102 668 101 5,477 1,197 oe 00 575 '583 847 519 844 585 102 654 97 850 521 864 596 103 672 102 5,467 1,213 oe 00 571 867 517 845 580 103 658 99 840 519 849 591 103 649 97 854 522 867 598 104 677 103 864 525 871 600 104 688 105 5.455 1,207 ae 00 565 850 517 841 583 103 656 97 103 '662 98 A-5,509 '1213 P35 '577 '868 "520 '841 "589 '103 '666 '97 '98 '56,781 '56.794 '4,849 '4,846 '4,843 4,849 '5,498 '1,214 '36 '574 '864 '521 '844 '580 '103 '664 '17,063 '4,831 "25,192 '16,993 '4,831 '25278 '34.3 '44.5 '38.7 "34.7 34.5 "44.1 "39.0 '34.4 '34.3 '44.1 '39.2 '41.1 '40.9 '3.7 AVERAGE HOURS PER WEEK § [Hours] Seasonally adjusted: Average weekly hours per worker on private nonferm payrolls: 0 Not seasonally adjusted Seasonally adjusted Mining .1. Construction $ Manufacturing: Not seasonally adjusted Seasonally adjusted Overtime hours ' Durable goods Overtime hours .... Lumber and wood products Furniture and fixtures Stone, clay, and glass products Primary metal industries Fabricated metal products Industrial machinery and equipment Electronic and other electrical equipment Transportation equipment Instruments and related products Miscellaneous manufacturing Nondurable goods Overtime hours Food and kindred products Tobacco manufactures t Textile mill products Apparel and other textile products Paper and allied products Printing and publishing Chemicals and allied products Petroleum and coal products $ Rubber and misc. plastics products Leather and leather products Transportation and public utilities Wholesale trade Retail trade Finance, insurance, and real estate $ Services .. 347 34.6 34.5 43.0 37.9 44.1 382 34.7 34.6 44.8 38.3 41.0 40.8 41.3 40.9 40.9 40.7 40.8 40.6 41.3 40.7 402 40.4 39.9 40.3 40.1 40.2 40.3 40.4 40.9 40.8 40.4 40.7 40.9 41.0 "41.4 "41.0 &8 &6 3.7 3.6 3.5 3.5 3.4 3.3 3.3 3.3 3.4 3.7 37 3.8 3.7 41.6 41.3 41.5 41.3 41.1 41.2 40.8 40.8 41.3 "41.5 382 342 44.0 38.0 342 44.6 41.2 '41.4 3.3 3.7 3.7 39.7 38.9 41.5 41.6 40.8 40.6 39.3 42.0 40.0 3.8 402 412 41.8 40.7 42.1 41.0 40.7 40.6 40.7 3.9 3.7 3.8 3.6 3.5 3.6 3.3 32 40.1 39.5 42.3 43.0 41.6 42.4 40.8 42.4 41.1 39.4 40.2 39.1 42.0 42.7 41.3 41.9 40.8 42.0 41.1 39.5 40.7 39.8 38.6 40.0 38.8 42.0 42.3 41.1 42.1 40.7 41.5 39.3 37.5 41.7 41.5 40.7 41.5 40.5 41.0 41.0 39.3 3.3 392 39.3 39.4 38.5 41.0 42.0 40.6 41.6 40.3 41.5 40.8 39.0 32 392 382 42.1 40.7 42.5 41.0 39.8 39.5 38.5 41.8 42.7 40.8 41.8 40.7 41.1 41.0 39.6 402 3.6 40.0 402 3.6 40.0 39.9 40.0 39.9 39.8 3.6 3.6 3.6 3.4 3.4 3.4 3.4 3.5 3.7 37 3.8 40.7 38.6 40.9 36.9 43.3 37.9 42.4 44.3 41.4 37.9 40.8 40.6 40.8 39.8 36.4 43.5 37.9 42.6 43.8 41.1 37.1 40.7 40.3 39.3 36.3 43.5 37.8 42.6 46.0 40.8 36.8 40.9 39.9 39.4 36.6 43.5 37.8 42.9 43.9 41.0 37.3 40.7 39.5 39.4 36.3 43.0 40.3 37.7 39.6 36.4 42.9 37.5 42.4 44.5 40.7 37.1 40.3 39.0 40.4 39.5 40.8 36.9 43.2 37.8 42.8 44.8 41.1 37.6 40.4 38.4 41.0 37.0 43.5 37.6 42.6 43.9 41.1 37.7 40.5 '39.4 41.4 37.3 43.5 '37.8 42.6 42.9 40.8 36.9 40.6 38.4 39.2 36.5 43.0 37.6 42.4 43.8 40.6 37.2 40.6 39.9 36.4 43.3 37.9 42.6 44.6 41.1 37.4 41.2 40.9 39.9 36.6 43.2 38.0 42.7 45.3 41.4 37.5 38.9 38.0 28.9 35.8 32.6 38.9 38.1 28.8 35.8 32.6 39.1 28.9 36.1 32.8 38.5 37.9 28.4 35.5 32.3 38.7 38.0 28.7 35.6 32.5 39.0 38.3 28.7 38.6 37.9 28.6 35.8 32.5 38.6 38.1 28.6 35.6 32.4 38.4 37.9 28.4 35.6 38.8 38.2 28.7 35.5 32.5 38.9 38.4 28.9 36.2 32.8 38.7 37.9 28.3 35.7 32.2 327 38.4 37.9 28.4 35.6 32.2 201.02 165.15 1.55 1052 41.39 11.42 12.29 29.38 12.46 46.44 35.87 203.47 166.79 1.63 1020 40.50 11.79 12.29 29.48 12.55 48.36 36.68 204.76 167.82 1.65 10.19 40.49 11.90 12.32 29.60 12.67 48.99 36.93 202.06 16523 1.62 9.67 40.21 11.72 1220 29.04 12.45 48.31 36.84 202.62 165.77 1.66 9.92 39.75 11.78 12.21 29.29 12.48 48.69 36.85 203.34 166.53 1.67 9.93 39.69 11.90 12.28 2922 12.67 49.17 36.81 200.83 163.84 1.65 9.34 39.35 11.81 12.10 28.76 12.51 48.34 36.99 201.16 16421 1.67 9.53 38.99 11.71 12.06 28.95 12.53 48.78 36.95 200.40 163.37 1.66 9.23 38.80 11.69 12.10 28.82 12.47 48.62 , 37.03 199.43 162.43 1.64 38.68 11.61 11.99 28.54 12.44 48.31 37.00 200.62 163.75 1.65 9.32 3883 1174 12.09 28.86 12.39 48.88 36.86 201.65 16479 1.65 9.33 38.97 1175 12.12 29.07 12.62 49.29 36.86 122.6 112.0 60.6 139.3 109.6 109.7 109.6 127.4 111.5 116.8 123.3 120.0 140.2 123.7 109.8 64.1 138.3 106.6 105.5 1082 130.0 115.1 116.3 123.6 120.8 145.6 124.4 109.6 64.9 1372 106.6 105.3 108.4 131.0 116.0 116.7 124.1 122.3 147.3 122.6 107.7 64.4 130.9 105.6 1042 107.6 129.3 114.3 115.7 121.7 119.4 146.1 122.9 106.8 65.3 132.9 104.0 102.1 106.7 130.1 115.2 115.8 122.7 1202 146.7 123.3 106.7 65.3 132.6 103.9 102.0 106.7 130.7 116.1 115.8 122.3 121.6 148.1 121.3 104.4 64.9 125.0 102.7 100.4 105.9 128.9 115.3 114.7 120.3 120.4 145.8 121.5 104.0 65.4 126.9 101.6 98.8 105.5 129.4 114.3 1142 121.1 1202 146.9 120.9 102.7 65.0 123.2 100.9 97.8 105.2 129.0 114.1 114.3 120.6 119.9 146.5 120.0 102.5 64.3 122.7 100.7 97.9 104.5 127.9 113.3 113.4 119.3 118.3 145.4 121.2 1032 64.4 124.4 1012 98.4 1052 129.3 1147 1142 120.6 119.7 147.1 122.1 103.8 3.6 392 392 422 43.0 41.6 42.1 41.1 42.8 41.3 39.9 382 412 42.9 412 412 362 377 40.8 40.9 39.3 38.9 41.3 41.4 40.7 41.3 40.6 41.0 40.8 39.2 39.9 39.7 41.3 41.4 40.6 41.5 402 382 39.4 36.6 432 37.6 42.7 43.9 40.6 37.1 322 40.6 41.2 40.8 39.3 39.9 402 36.7 43.0 37.5 42.5 45.1 40.9 372 392 397 41.9 42.6 41.3 41.6 40.7 42.3 40.6 39.6 '39.1 41.6 43.0 41.6 '42.0 40.8 42.4 41.0 '40.1 40.1 40.1 40.4 423 412 '37 '40.4 39.2 42.0 '42.8 '417 '42.1 '40.8 '42.3 '41.3 402 '40.4 '3.8 '40.6 '40.1 '41.3 37.4 "43.4 '41.4 '3.7 '39.9 '39.1 '41.8 '42.9 '417 '41.9 '40.5 '42.6 '41.1 '39.9 "43.3 44.7 "412 "377 '40.3 '3.8 '40.6 '40.1 '41.1 '37.5 '43.3 '37.8 '43.1 '44.8 '412 '36.9 28.6 35.7 32.4 "38.8 38.2 "28.8 "36.1 32.6 '38.5 '38.1 '28.4 '35.5 '32.4 199.73 162.92 1.60 9.27 38.98 11.60 11.95 28.57 12.38 48.57 36.82 '200.64 '164.02 '1.60 '925 '39.22 1171 12.02 28.77 12.41 '49.03 '36.62 '201.83 '164.02 1.57 '9.38 '39.19 '11.75 12.01 '28:96 '12.56 '49.49 '36.91 '200.89 '16374 '1.56 '9.27 '39.06 '11.67 '11.99 '28.49 '12.36 '49.35 '37.16 1207 103.8 62.5 123.8 102.3 99.6 106.0 1282 113.5 112.9 119.3 117.9 146.4 121.5 104.4 "62.2 '123.3 '1032 100.3 '107.2 1292 114.5 113.4 120.1 '119.0 '147.8 '1222 '104.5 '60.9 '124.9 '103.0 '100.1 '107.0 '130.2 '115.0 113.5 '120.9 '120,4 '149.1 '121.4 '1042 '60.8 '124.6 '102.8 '99.6 '1072 '129.0 '1142 '113.1 '118.8 '118.1 '148.7 432 '43.6 '41.4 '37.3 38.7 382 377 AGGREGATE EMPLOYEE-HOURS § [Billions of hours] Seasonally adjusted: Employee-hours, wage and salary workers in nonagric. establishments, for 1 week in the month, seas adj. at annual rate Total private sector Mining .. Construction Manufacturing Transportation and public utilities WnOI6ScU6 tr3u6 • •*•• «t.*« . Retail trade Finance, insurance, and real estate Services Government . 923 [1982=100] Indexes of employee-hours (aggregate weekly): 0 Private nonfarm payrolls, total Goods-producina Mining Construction ... l.^ZIIIZIZZIZZ Manufacturing , Durable goods Nondurable goods Service-producing Transportation and public utilities Wholesale trade Retail trade Finance, insurance, and real estate Services See footnotes at end of tables. 642 124.4 102.0 99.4 105.8 130.3 114.8 114.5 121.5 121.3 148| SURVEY OF CURRENT1 BUSINESS S-12 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, 1961-88 Annual 1989 | November 1991 1990 sept | 1990 Oct. 1991 Nov. Dec Jan. | Feb. | Mar. m | May 1 June July Aug. | Sept OcL LABOR FORCE, EMPLOYMENT, AND EARNINGS-Continued HOURLY AND WEEKLY EARNINGS § Average hourly earnings per worker, not seasonally Construction Manufacturing Excluding overtime .... Durable goods Excluding overtime Lumber and wood products Furniture and fixtures Stone, clay, and glass products Primary metal industries Fabricated metal products . Industrial machinery and equipment U • Electronic and other electrical equipment tt • Transportation equipment it .•••••• • Instruments and related products Miscellaneous manufacturing 1326 13.54 10.48 10.02 11.01 10.52 8.84 8.25 10.82 12.43 10.57 11.40 10.05 13.67 10.83 8.29 10.02 13.69 13.78 10.83 10.37 11.35 10.86 9.09 8.52 11.11 12.92 10.83 11.78 10.30 14.10 11.31 8.61 10.15 13.86 13.97 10.93 10.41 11.49 10.94 921 8.63 1123 13.06 10.95 11.94 10.41 14.30 11.45 8.62 10.14 13.73 13.97 10.94 10.46 11.50 10.99 9.14 8.61 11.18 13.08 10.95 11.90 10.45 14.41 11.46 8.62 10.16 13.82 13.87 10.96 10.48 11.47 10.98 9.11 8.63 11.22 13.13 10.95 11.97 10.52 14.20 11.48 8.66 10.19 13.88 13.92 11.05 10.57 11.59 11.08 9.11 8.69 1124 13.13 11.05 .12.12 10.55 14.42 11.61 8.80 1022 14.20 14.02 11.05 10.62 11.58 11.15 9.11 8.61 1123 13.17 11.02 12.06 10.59 14.41 11.64 8.78 10.23 14.10 13.93 11.02 10.61 11.55 11.14 9.10 8.65 11.19 13.02 11.02 12.06 10.58 14.34 11.65 8.70 1024 14.09 13.93 11.06 10.64 11.60 11.17 9.10 8.67 1120 13.17 11.08 12.13 10.55 14.43 11.69 8.76 10.30 14.12 13.99 .11.11 10.69 11.65 1122 9.18 8.70 11.33 1321 11.11 12.10 10.63 14.55 11.66 8.78 10.31 14.10 13.96 11.15 10.72 11.70 11.27 923 8.67 11.34 13.22 11.15 12,11 10.66 14.74 11.67 8.85 10.31 1424 13.88 11.19 10.71 11.76 1126 9.36 8.75 11.40 13.32 1120 12.16 10.74 14.82 11.68 8.88 10,30 1420 13.97 1122 10.74 11.81 11.32 9.34 8.78 11.42 13.44 11.23 12.17 10.77 14.91 11.71 8.83 '10.31 '14.16 "14.03 Nondurable goods Excluding overtime Food and kindred products Tobacco manufactures Textile mill products Apparel and other textile products .... Paper and allied products Printing and publishing Chemicals and allied products Petroleum and coal products Rubber and misc. plastics products .. Leather and leather products Transportation and public utilities Wholesale trade Retail trade Finance, insurance, and real estate Services 9.75 9.33 9.38 15.31 7.67 6.35 11.96 10.88 13.09 15.41 9.46 6.59 12.60 10.39 6.53 9.53 9.38 10.12 9.69 9.61 16.29 8.02 6.57 12.30 11.25 13.55 16.23 9.77 6.90 12.96 10.79 6.76 9.97 9.83 10.19 9.69 9.54 15.92 8.09 6.68 12.43 11.40 13.64 16.40 9.87 6.95 13.08 10.93 6.83 10.10 9.95 1020 9.74 9.54 15.81 8.12 6.65 12.43 11.36 13.74 16.40 9.87 6.96 13.08 10.86 6.83 10.08 9.96 1029 9.83 9.74 16.51 8.13 6.63 12.53 11.38 13.75 16.59 9.92 6.99 13.09 10.93 6.86 10.12 10.02 10.33 9.88 9.80 15.95 8.16 6.65 12.54 11.44 13.77 16.51 9.96 7.07 13.14 11.04 6.84 1024 10.11 10.33 9.92 9.78 16.16 8.17 6.64 12.51 11.37 13.87 16.63 10.02 7.09 13.18 11.04 6.90 1024 10.1: 10.31 9.92 974 16.12 8.13 6.61 12.51 11.37 13.83 17.01 9.99 7.09 13.17 11.08 6.89 10.30 10.14 10.35 9.95 9.80 17.35 8.16 6.63 12.56 11.36 13.85 17.06 10.01 7.11 13.15 11.06 6.91 10.33 10.16 10.40 9.99 9.84 17.56 8.20 6.72 12.56 11.43 13.96 17.01 10.02 7.18 13.19 11.12 6.98 10.36 10.19 10.41 10.00 9.93 18.01 822 6.73 12.63 11.39 14.01 16.89 10.08 7.15 13.17 11.11 6.97 10.36 10.21 10.43 9.97 992 18.38 8.28 6.77 12.66 11.44 14.05 16.85 10.08 7.15 13.16 11.19 6.98 10.42 10.19 9.66 1326 13.54 10.48 12.60 10.39 6.53 9.53 9.38 10.02 13.69 13.78 10.83 12.96 10.79 6.76 9.97 9.83 10.10 13.85 13.86 10.91 13.03 10.92 6.81 10.12 9.34 10.10 13.83 13.86 10.96 13.05 10.88 6.82 10.09 9.92 10.13 13.88 13.85 10.96 13.07 10.93 6.83 10.12 9.98 10.17 13.89 13.87 10.99 13.11 11.00 6.84 1022 10.03 10.18 14.04 13.95 11.02 13.15 113)0 6.86 10.17 10.03 10.20 13.99 13.97 11.03 13.13 11.05 6.87 10.22 10.07 1024 14.03 13.97 11.05 13.16 11.07 6.90 10.32 10.13 1028 14.05 14.05 11.12 13.19 11.08 6.97 10.28 10.16 10.32 14.13 14.00 11.15 1324 11.12 6.98 10.35 10.24 17.82 23.17 15.68 18.33 23.92 16.08 18.51 24.26 16.08 18.51 2428 15.77 18.61 24.35 15.97 18.61 24.36 15.99 18.61 24.61 15.65 18.61 24.35 15.85 18.61 24.35 15.48 18.61 24.37 15.60 334.24 264.22 345.69 259.72 349.46 258.6: 345.42 254.17 348.47 255.66 257.41 347.1. 253.02 349.86 254.81 350.21 255.07 33424 570.18 513.17 429.68 458.02 391.95 490.14 394.82 188.72 341.1.7 305.79 345.69 603.73 526.40 441.86 468.76 404.80 504.14 411.10 194.69 356.93 320.46 353.22 625.09 54623 451.41 48028 413.71 512.74 418.62 197.39 364.61 325.3' 347.80 612.36 530.86 447.45 476.10 410.04 50620 413.77 193.9^ 357.84 322.70 348.49 621.90 529.83 447.17 473.71 413.66 507.89 415.34 194.82 360.27 324.65 353.59 631.54 533.14 456.37 485.62 418.37 513.77 423.94 199.73 370.69 330.60 344.41 630.48 507.52 44421 471.31 409.07 503.48 416.21 190.44 365.5] 324.85 346.80 626.04 515.41 439.70 466.62 40621 504.41 417.72 192.92 368.7< 327.52 348.16 619.96 51820 443.51 Private nonfarm payrolls Mining... 1... Average hourly earnings per worker, seasonally adjusted: 0 Private nonfarm payrolls Mining Construction Manufacturing Transportation and public utilities Wholesale trade Retail trade Finance, insurance, and real estate Services ... 10.67 11.77 '11.25 '9.36 '8.82 11.41 '13.42 1123 '12.15 10.78 14.83 '11.66 '8.85 10.46 '14.36 '14.14 '1128 '10.74 '11.89 '11.33 9.40 '8.88 '11.43 '13.52 '11.32 '1224 '10.85 '15.06 '11.74 '8.90 " 10.45 " 14.19 " 14.14 "1127 "10.75 "11.87 "11.33 "9.35 "8.86 "11.41 "13.52 "11.31 "1227 "10.82 "15.01 "11.76 "8.8? 10.47 10.00 9.87 18.31 827 6.79 12.78 11.49 14.16 16.87 10.11 7.10 13.25 11.14 6.98 10.36 10.13 10.42 9.92 '9.81 '16.58 8.36 '6.80 '12.72 '11.56 '14.06 16.80 '10.11 '7.10 '1326 '11.14 6.97 '10.37 '10.15 10.49 9.97 '9.87 '16.02 '8.42 '6.86 '12.79 '11.67 '1422 '17.15 10.17 '7.18 13.31 1124 7.07 10.52 '10.34 "10.50 "10.01 "9.89 "16.08 "8.41 "6.78 "12.80 "11.63 "14.34 "17.08 "10.19 "720 "13.31 "11.17 "7.07 "10.48 "10.33 10.37 14.30 13.98 11.19 1323 1123 7.01 10.50 1029 10.36 1424 14.01 1122 13.26 11.14 7.03 10.40 1025 10.40 '14.27 '14.07 '11.25 '13.30 '11.22 7.04 '10.47 '10.30 10.42 '14.35 '14.03 '1126 13.26 1123 7.05 10.54 '10.33 "10.41 "1429 "14.03 "1128 "1327 "11.19 "7.06 "10.48 "10,29 18.78 24.54 15.57 18.85 24.64 15.66 18.98 24.84 15.70 19.03 24.93 '16.06 19.07 25.00 16.12 19.11 25.09 349.52 253.83 353.98 256.32 25925 35328 254.89 '356.72 '257.00 258.07 35020 619.87 528.82 445.51 472.99 410.80 506.50 421.45 197.53 368.82 329.14 352.60 624.63 53327 449.35 476.19 414.32 508.36 42329 199.34 367.78 329.78 357.76 640.80 537.16 457.67 488.04 419.29 514.56 430.82 203.82 377.20 33423 355.35 619.12 539.24 453.29 480.67 417.75 515.43 424.43 204.51 368.82 330.24 '357.76 '630.12 '542.96 '456.85 484.92 422.01 '515.81 '425.55 204.22 '370.21 '331.91 '362.96 '643.33 '551.46 '466.99 '497.00 '427.99 '519.09 431.62 »-203.62 '379.77 '337.08 •-11.17 [Dollars per hour] Hourly wages, not seasonally adjusted: Construction wages, 20 cities (ENR): §§ Common Idoor ..#.... *....... *.......». .«««.• .„ *. Skilled labor . (Dollars] Avg. weekly earnings per worker, private nonfarm: 0 Current dollars, seasonally adjusted 1982 dollars, seasonally adjusted $ Current dollars, not seasonally adjusted: Private nonfarm, total Mining Construction *. Manufacturing .... Durable goods .,...;. Nondurable goods Transportation and public utilities Wholesale trade Retail trade Finance, insurance, and real estate Services , 409.86 503.65 419.17 194.17 367.75 328.17 EMPLOYMENT COST INDEX @ [June 1989=100] Total compensation: Civilian workers t Workers, by occupational group: White-collar workers Blue-collar workers Service workers Workers, by industry division: Manufacturing Nonmanufacturing Services . Public administration Wages and salaries: * Civilian workers t Workers, by occupational group: White-collar workers Blue-collar workers Service workers Workers, by industry division: Manufacturing Nonmanufacturing Services Public administration 106.9 107.6 109.1 1102 111.5 107. 105.8 106.6 108.3 106.5 108.0 109.8 108.0 109.4 110.8 1092 110.4 112.1 110.3 112.3 106.' 107,0 109.0 107.8 107.! 107.8 1102 108.7 108.6 109.4 110.8 110.0 110.3 112.0 110.9 111.2 111.7 113.8 112.2 106.0 106.8 108.0 108.9 110.0 106.8 104. 105.6 107.4 105.4 106.8 108; 106.6 107.8 109.6 107.4 108.9 110.8 108.2 110.6 105.106.2 108/ 106.! 106. 1092 107.3 107.4 108.1 110.2 109.1 108.4 109.0 110.7 109.3 110.2 112.4 110.6 HELP-WANTED ADVERTISING Seasonally adjusted index, 1967=100 See footnotes at end o? tables. 151 128 122 116 107 108 100 92 "357.06 "256.14 "359.48 "632.87 "55429 "46320 "493.79 "42525 "515.10 "426.69 "200.79 "372.04 SURVEY OF CURRENT:1 BUSINESS November 1991 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, 1989 1961-88 S-13 1991 1990 Annual Sept 1990 | Oct. Nov. | Jan. Dec. | Feb. | Mar. | Ap, | May | Jun. 1 °* Aug. July LABOR FORCE, EMPLOYMENT, AND EARNINGS-Coniinued 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, thousatxis .... Days idle during month or year, thousands .... 51 44 3 2 3 2 0 2 1 7 7 5 0 4 3 452 185 16,996 5,926 10 429 3 451 11 484 4 436 -0 354 3 240 2 257 298 823 19 533 37 462 0 280 6 283 '4 272 12 306 17,126 2,154 UNEMPLOYMENT INSURANCE + State programs: Initial claims, thousands Average weekly insured unemployment, thousands Rate of insured unemployment, percent® Total benefits paid, mil. $ Weeks of unemployment compensated, thousands .... Average weekly benefit, dollars . 20,184 2,514 1,221 2,140 1,755 2,230 2,039 2,452 2,483 2,976 3,065 3,940 2,065 4,020 1,952 3,996 1,868 3,805 '1,642 '3213 1,497 3,127 2,028 3214 '1,518 2,938 '1,357 '2,724 12 2.4 1.9 2.1 2.3 2.7 4.1 3.5 3.7 3.6 3.0 2.9 3.0 2.8 2.6 14,260 97,937 151.68 18,058 115,957 161.64 1,178 7,527 162.11 1,402 8,859 163.89 1,482 9,416 163.56 1,737 10,903 16525 2,529 15,818 166.83 2,382 14,514 189.51 "2,526 15,321 170.45 2,486 15,142 170.01 2242 '13,629 170.47 1,867 '11,336 170.49 2,135 13,030 169.16 1,910 '11,630 169.01 '1,676 '10,159 '170.75 1,786 2,763 2.6 1,874 11,242 172.80 Federal civilian employees unemployment insurance (UCFE): Initial claims, thousands Average weekly insured unemployment, thousands Total benefits paid, mil. $ L. ..... Weeks of unemployment compensated, thousands Average weekly benefit, dollars .. 114.4 22.1 143.5 1,085.6 132.21 131.7 24.1 159.0 1,077.5 148.04 105 19.6 28.4 15.7 107.8 145.79 13.8 32.0 17.8 121.7 146.23 11.5 34.7 18.9 129.4 146.35 9.9 23.3 11.5 79.2 145.03 232 29.3 17.3 '112.5 '153.71 '10.0 '28.6 '16.1 '1042 '154.27 16.7 34.6 20.1 134.7 149.32 Veterans unemployment insurance (UCX): Initial claims, thousands Average weekly insured unemployment, thousands Total benefits paid, mil. $ Weeks of unemployment compensated, thousands Average weekly benefit, dollars . 116.9 15.1 104.7 644.0 162.57 132.9 18.4 131.7 773.3 170.58 12.0 18.5 11.6 66.6 174.00 10.4 18.4 11.5 65.3 175.45 18.8 11.3 64.1 175.57 16.5 27.0 17.6 972 180.77 10.3 17.3 9.5 54.4 175.19 9.4 15.3 33.9 155.9 ' 149.13 9.0 7.6 9.7 9.1 36.1 19.8 130.6 151.87 32.1 18.3 '121.6 150.58 28.5 16.9 1102 153.41 24.0 14.7 97.1 '151.69 10.5 24.7 13.1 '85.4 '153.65 16.0 23.8 16.9 109.2 155.02 8.0 8.3 8.9 16.7 16.1 10.5 1.4.7 10.8 16.4 15.3 19.8 9.9 9.7 8.9 8.8 122 15.2 22.8 14.0 74.9 176.03 18.3 10.4 59.5 175.60 56.8 ' 1 74.50 55.7 174.40 51.1 174.31 49.4 178.06 67.0 181.54 178.93 '142 '252 '15.3 '83.5 '182.79 56,496 568,723 419,541 216,148 203,393 149,182 52,831 565,941 421,749 222,169 199,580 144,192 48,795 561,923 415,705 225,990 189,715 146,218 47,086 553204 401,510 214,036 187,474 151,694 46,438 541279 393,925 206,507 187,418 147,354 45,539 539,717 395,980 206278 189,702 143,737 44,707 541,130 r 532,817 396,818 '396218 205,443 r206,702 191,375 189,516 144,312 "136,599 531,076 399261 213,516 185,745 131,815 11.2 20.5 132 782 FINANCE BANKING [Millions of dollars] Open market paper outstanding, end of period: Bankers'acceptances Commercial and financial company paper, total Financial companies Dealer placed Directly placed Nonfinancial companies ....... 62,972 521,859 398,456 188,580 209,876 123,403 54,771 557,811 420,398 221,362 119,036 137,413 50,469 561,773 410,134 206,734 203,400 151,639 50,707 30,245 10,020 10,442 51,172 29,416 10,673 11,083 51,110 29,440 10,977 10,693 304,465 236,991 481 228,367 11,059 304,465 327,573 311,031 315,881 318,871 262,002 190 252,103 11,058 243,082 505 234,373 11,063 245,851 591 237,763 11,060 252,279 131 244,985 11,059 327,573 311,031 315,881 48,228 42,206 33,834 252,738 44226 34,546 255,860 61,452 60,544 265 677 59,150 57,456 1,665 326 1,362 248,307 197,212 7,248 1,865 24,251 79,238 704,060 666,397 Loans of the Farm Credit System: t Total, end of period Long-term real estate loans Short-term and intermediate-term loans Loans to cooperatives Federal Reserve banks, condition, end of period: Assets, total # Reserve bank credit outstanding, total # Loans . U.S. Government securities Gold certificate account Liabilities, total # Deposits, total Member-bank reserve balances Federal Reserve notes in circulation . All member banks of Federal Reserve System, averages of daily figures: 0 Reserves held, total Required Excess Borrowings from Federal Reserve banks ..... Free reserves , Large commercial banks reporting to Federal Reserve System, last Wed. of mo.: Deposits: Demand, total # Individuals, partnerships, and corporations States and political subdivisions} U.S. Government Depository institutions in U.S Transaction balances other than demand deposits Nontransaction balances, total Individuals, partnerships, and corporations 46,430 38,327 241,739 2 62,810 2 2 92 Loans and leases(adjusted),total § Commercial and industrial For purchasing and carrying securities To nonbank depository and other financial Real estate loans To States and political subdivisions Other loans 994,080 318,691 16261 22,334 352,500 24,940 259,334 Investments, total U.S. Treasury and government agency securities, total Investment account „. Other securities 223,349 156,556 140,002 66,793 See footnotes at end of tables. 52,093 558,375 404,718 199,092 205,626 153,657 53,968 555,994 408,578 205,203 203,375 147,416 54,771 557,811 420,398 221,362 199,036 137,413 50,849 29,072 10,474 11,304 51,172 29,416 10,673 11,083 318,978 317,879 318,604 320,401 319,763 321,636 333,357 251,848 291 244,493 11,058 254,985 206 248,111 11,057 256,813 1,479 248,446 11,062 258,636 574 250,978 11,062 261,991 844 254,959 11,062 264,528 315 258,554 11,062 274,061 153 267,675 11,059 325,016 315,305 250,069 244 240,965 11,058 315,305 318,978 317,879 318,604 320,401 319,763 321,636 333,357 46,505 22,109 265,915 35,405 24,067 267,391 36,330 22,081 267,445 33263 26,223 271,019 34,460 22202 272,000 34228 27,871 272,962 31200 23,962 275,210 36,000 27,404 273,809 44,061 25,513 276,792 50,992 48,824 2,168 534 1,661 48,551 46,743 1,809 252 2,971 50,301 49,271 1,030 231 49,063 48,033 1,029 303 814 50,407 47,408 1,179 241 50,660 49,754 906 607 345 50,607 49,521 1,086 764 622 51,127 50,198 1,008 340 676 645 586 51,585 50,499 1,086 261 837 278,721 218,263 9,315 4,831 28,334 214,004 172,260 6,755 1,491 18,915 218,174 .173,616 6,942 1,662 18,984 214,429 170,191 7,119 3,362 18,319 225,187 178,770 6,411 1,401 22,864 219,504 175,648 7,132 1,602 19,573 211,579 171,652 6,626 1,727 18,020 216,086 174,760 6,609 1299 18,887 218221 173,948 7,304 1,610 19243 221,790 177,964 6,934 1,634 20,553 91,138 797,701 762,580 82,988 793,096 757,267 216,608 173,674 6,787 1,627 17,995 84,413 798,314 760,759 1,048,748 320,763 15,143 22,519 400,812 20,802 268,709 247,513 86,607 797,660 760,265 88,311 791,541 754,812 86,718 792,717 754,706 87,272 788263 751,858 792,527 757,146 90,002 791,441 756,847 784,509 750,959 91,751 780,087 748,624 326,206 325,016 258,471 180 249,194 11,058 326,206 260,090 506 251,404 11,058 318,871 327,573 262,002 190 252,103 11,058 327,573 43,331 37,359 260,243 48,228 38,658 267,657 48,165 19,902 263,751 624 291 61,052 60,206 847 410 455 62,045 61,099 947 230 741 59,150 57,456 1,665 326 1,362 278,721 218,263 9,315 4,831 28,334 225,626 180,117 6,067 1,902 21,654 224,787 179,672 6,844 2249 20,545 91,138 797,701 762,580 81,627 755,176 719,144 79,367 755,210 718,955 217,211 173,925 6,427 1,038 19,915 78,354 753,989 717,988 1,017,693 317,473 14,020 23,308 383,842 21,415 257,635 240,951 180,785 166,506 267,657 1,072,019 1,019,094 1,020,546 318,909 319,458 321,314 14,540 14,407 13,129 23,975 24,090 24,462 381,394 382,568 398,753 21,978 21,977 21,054 258298 258,046 293,307 238,932 177,816 167,790 61,116 245,127 183,404 165,754 61,723 245,162 184,057 167,856 61,105 51,079 29,152 11,190 10,737 1,072,019 1,052,816 316,930 321,314 13,469 13,129 22,647 24,462 400,607 398,753 21,093 21,054 278,070 293,307 238,932 177,816 167,790 61,116 243,445 182,652 170,890 60,793 172,729 60,544 1,048,489 1,047,474 1,041,535 1,039,347 1,020,070 1,015,162 1,015,986 1,008,330 297275 295,727 319,601 316,851 312,354 308,751 302,509 12,979 12,672 11,463 13,917 12,982 14,315 13,767 13,725 21,928 21,694 21,670 22,655 22,632 21,987 22,529 22205 401,912 403,664 404,774 404,012 396,910 396,067 20,402 20,534 18,578 18,091 18,343 18,719 19,910 270,828 271,650 268,525 270,813 264,474 269,042 262,191 249,302 189,308 176,704 59,994 250,366 191,684 177,868 58,682 250,457 192,765 179,583 57,692 253286 195,194 180,073 58,092 253,879 197,169 182,252 56,710 259,765 203,357 186,968 56,408 263,841 207,410 189,404 56,431 276,532 220,133 201,209 56,399 SURVEY OF CURRENT1 BUSINESS S-14 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, 1961-88 Annual «1 November 1991 1991 1990 1990 Sept. | Oct. | Nov. Dec. Jan. | Feb. ] Mar. 1 *•*• 1 May | June July Aug. Sept. 2,7632 4952 173.1 2,094.8 2,763.3 505.3 172.0 2,086.0 2,761.6 512.6 2,768.9 522.1 170.8 2,079.1 2,076.0 | Oct. FINANCE-Continued BANKING-Contlnued [Billions of dollars] Commercial bank credit, seas, adj.: § Total loans and securities 0 . U.S. Government securities Other securities Total loans and leases 0 2,582.6 394.5 180.3 2,007.9 2,723.6 454.2 175.6 2,093.8 2,708.0 450.1 178.8 10.87 6.93 *9.77 2,7212 454.1 177.7 2,089.4 2,735.1 458.0 177.6 2,751.0 471.4 177.6 2,751.8 4792 175.7 2,086.7 2,723.6 4542 175.6 2,093.8 2,099.5 2,102.0 2,096.9 2,750.5 485.1 173.9 2,091.5 10.00 10.00 10.00 9.52 9.05 9.00 9.00 8.50 8.50 8.50 8.50 820 8.00 7.00 7.00 6.79 6.50 6.00 6.00 5.98 5.50 5.50 5.50 5.50 520 5.00 9.61 9.45 9.58 9.36 9.54 928 9.49 9.16 926 924 924 926 923 9.18 9.12 9.12 9.12 9.19 9.10 9.00 8.93 2,079.0 2,713.6 453.1 177.8 2,082.7 10.01 10.00 6.98 7.00 *9.68 9.60 9.70 9.67 2,716.6 454.0 175.9 [Percent] Money and interest rates: Prime rate charged by banks on short-term business loans Discount rate (New York Federal Reserve Bank) @ Federal intermediate credit bank loans Home mortgage rates (conventional 1st mortgages): New home purchase (U.S. avg.) .. Existing home purchase (U.S. avg.) , Open market rates, New York City: Bankers' acceptances, 3-month Commercial paper, 6-month i Finance co. paper placed directly, 6-mo ..... Yield on U.S. Gov. securities (taxable): 3-month bills (rate on new issue) 8.16 7.93 7.95 7.53 7.83 7.83 7.50 7.85 7.81 7.50 7.82 7.74 7.42 7.60 7.49 6.95 6.96 7.02 6.59 6.36 6.41 6.14 624 6.36 6.20 5.92 6.07 5.91 5.75 5.94 5.72 5.94 6.16 5.75 5.89 6.14 5.81 5.54 5.76 5.50 5.38 5.59 5.34 52? 5.33 5.12 8.120 7.510 7.380 7.190 7.070 6.810 6.300 5.950 5.910 5.670 5.510 5.600 5.580 5.390 5250 5.030 730,901 748,300 738,946 736,091 738,626 748,300 736,399 729264 725,462 727,907 727,717 728,023 727,754 '731,531 730,587 342,770 140,832 93,114 44,154 57,253 3,935 48,843 347,466 137,450 92,911 43,552 45,616 4,822 76,483 342,698 140,890 92,996 38,963 50,683 4,723 67,993 341,755 141,329 93,190 38.282 48,055 4,749 68,731 342,882 139,195 92,918 347,466 137,450 92,911 43,552 45,616 4,822 76,483 341,426 134,965 91,991 40,945 44,939 4,766 77,367 339282 133,021 91,131 38,864 43,875 4.404 78.687 335,754 131,552 90.772 38,497 42,491 4296 82,100 336,425 133,462 91,413 37,817 41,707 4,357 82,726 334,746 134,045 91.549 36,782 40,764 4,507 333,442 133,903 91,924 36,702 39,827 4,591 87,634 334,273 134,120 92,017 36,392 39,012 4,712 87228 r 335,662 135,509 "92,843 37296 "37,893 4,857 87,471 335,019 132,471 92,867 37,281 36,839 4,753 91,357 290,705 210,310 22,240 207,646 284,813 232,370 218,279 21,195 210,303 287,304 218,337 20,773 209,677 285,379 222,643 20,472 210,132 284,813 232,370 282,214 223,606 20,614 209,965 279,913 220,714 20,362 208275 277,798 221,400 20,030 206234 277,508 222,627 20,052 207,720 275,582 224,301 19,721 208,113 275,018 225,596 19,875 207,534 274,222 -274,190 226,145 '229224 19,639 "19,468 207,748 '208,649 272,783 231,072 19,074 732,442 733,621 732289 730,591 729,962 "729,108 224,817 20,123 206,813 279,746 276,494 274,496 273,565 225,994 227,301 227,737 228,199 20,098 19,796 19,907 19,615 207,782 208,697 208,451 208,582 -629 1,179 -1,332 CONSUMER INSTALLMENT CREDIT t [Millions of dollars] Not seasonally adjusted: Total outstanding (end of period) # By major holder: Commercial banks Finance companies Credit unions . . Savings institutions Gasoline companies * Pools of securitized assets f t • By major credit type: Automobile * Revolving * Mobile home * Other* 210,451 Seasonally adjusted: Total outstanding (end of period) # . By major credit type: Automobile Revolving Mobile home Other * Total net change (during period) # . By major credit type: Automobile Revolving Mobile home ., Other * 47,121 4,753 72,662 210,451 735,547 735,433 736,411 735,102 732,962 732,762 285,627 219,090 21,073 209,758 1,703 285,024 220,031 20,680 284,412 221,690 20,492 209,817 284,585 220,110 20,919 209,487 283,746 219,588 20,459 209,170 -114 978 -1,309 -2,140 -200 -320 -1,191 2,066 -118 947 -603 941 -612 1,659 -188 119 173 -1,580 427 -330 -522 -460 -317 -1,120 1,968 -259 -791 -1,937 3261 -77 -1,566 -943 1,177 -25 -3,252 1,307 -302 915 436 111 -246 70,507 118,142 -47,635 47,635 31,285 -20,778 46,776 -2,595 32,265 -1,274 20,848 803 3,266,073 3,307,748 3,363,205 2,470,166 2,502,431 2,549,207 101.900 82,160 -7,311 100,713 99,023 1,690 67,657 93,834 -26,177 64,805 105,876 -41,071 140,380 110,249 30,131 63,560 116,906 -53,346 103,389 105,849 -2,460 7,311 19,700 12,389 -1,690 31,764 33,524 26,177 34,611 8,531 41,071 -9,913 -50,758 -30,131 -9,399 20,732 53,346 41,742 -11,604 2,460 10,715 8255 -393 -60 282,626 221,556 20.200 208.379 727,563 -•271,906 r 229,453 "19,495 "208253 269,655 231,860 18,970 207,078 "-854 -1,545 "-1,659 "1254 "-120 "-329 -2251 2,407 -525 -1,175 76,426 78,593 119,384 "120,071 -40,791 "-43,645 108,917 115,746 -6,829 "43,645 32,574 -10.079 6,829 27,970 21,141 -931 462 -292 131 FEDERAL GOVERNMENT FINANCE [Millions of dollars] Federal receipts and outlays: Receipts (net) Outlays (net) Total surplus or deficit (-) , ... Federal financing, total Borrowing from the public Other Gross amount of debt outstanding Held by the public Federal receipts by source and outlays by agency: Receipts (net), total . ; Individual income taxes (net) Corporation income taxes (net) Social insurance taxes and contributions (net) .. Other Outlays (net), total Agriculture Department Defense Department, military Health and Human Services Department Treasury Department National Aeronautics and Space Administration Veterans Affairs Department '990,701 '1,031,308 '1,142,691 '1,251,766 ' -151,989 '-220,458 102,939 82,012 20,778 76,986 108,270 -31,285 '151,989 '140,369 ' 11,620 '220,458 '298,824 '10,796 '2,881,112 '2,204,270 '3,266,073 '2,470,166 '990,701 '445,690 '103,291 '359,416 '82,392 '1,031,308 '474,235 '96,945 '388,944 102,939 46,664 17,344 31,010 7,856 76,986 40,691 70.507 27,156 1,294 33.723 10,646 101,900 46,471 22,523 25,480 7.792 100,713 50,882 3,829 39,604 7,487 67,657 27,929 1,614 26.598 9,807 '1,142,691 '48,414 '294,876 '399,774 '230,573 '11,036 '30,041 '1,251,766 '50,117 '296,559 '449,829 '261,117 '13,164 '30,575 82,012 3,320 20,522 14,730 16,281 948 1,202 108,270 4,818 24,094 36,734 15,561 1,351 2,886 118,142 6,474 29,021 39,360 19,345 1,155 4,018 82,160 5,353 25,168 38,133 46,544 1,396 2.428 99,023 4,553 20,868 38,931 17,165 851 948 11,059 38128 11,061 384.08 11,063 389.46 11,060 380.74 11,059 381.72 11,058 378.16 5.499 4.819 4.790 4.366 4.169 4.068 3,397,325 3,443,129 3,488,624 2,568,907 2,600,015 2,634,626 "40,791 34,434 -6,357 3,491,694 3,470,530 3,522,261 3,562,942 3,597294 3,636,298 3,598,919 2,624,714 2,615217 2,656,959 2,667,674 2,702,107 2,734,682 2,687,168 7,361 64,805 11,288 12,807 33,045 7,665 140,380 77,768 13296 42.478 6,838 20,005 2,032 34,546 6,977 44,517 16,540 34,758 7,574 93,834 3,145 24,940 39,162 18,754 1,063 2,576 105,876 5,051 14,852 39,555 19,860 1,139 2,716 110,249 5208 20,841 41,445 17.714 1,220 3,184 116,906 5,061 24,091 43,040 22,821 1235 3,668 105,849 3,818 21,090 42,792 47,297 1,030 1,164 11,058 383.64 11,058 363.83 11,058 363.34 11,058 358.39 11,057 356.82 11,062 366.72 4.028 3.723 3.960 3.970 4.040 4.390 2.495 29,872 r 78,593 38,403 76,426 34,560 1,770 30,360 1,306 31,504 8,061 9,056 108,917 47,979 18,580 34,042 8,317 119,384 "120,071 3,085 4,029 27,065 23,066 43,271 41,897 19,136 16,646 1201 1,089 3,659 2,654 115,746 3,525 21,006 39,616 16,044 1,148 1,313 11,062 367.51 11,062 35623 348.79 4.300 3.940 4.030 GOLD AND SILVER: Gold: Monetary stock, U.S. (end of period), mil. $ Price at New York, dol. per troy oz.«'. Silver: Price at New York, dol. per troy oz. # See footnotes at end of tables. SURVEY OF CURRENT1 BUSINESS November 1991 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, Annual 1989 1961-88 S-15 1990 1990 Sept | Oct. | 1991 Nov. | Jan. Dec. | Feb. | Mar. Apr. May | June July Aug. Sept | Oct. FINANCE-Continued MONETARY STATISTICS [Billions of dollars] Currency in circulation (end of period) 260.4 287.0 271.9 783.4 3,130.3 3,990.8 4,7922 8122 32932 4,091.4 4,929.6 813.9 '3,316.9 '4,106.9 '4,954.1 217.6 280.4 278.1 79.2 277.1 476.3 405.4 1,109.0 565.3 235.5 277.5 2912 81.1 332.0 501.1 410.9 1,155.7 533.9 241.0 2782 291.1 '81.6 3392 291.5 286.7 287.0 Money stock measures and components (averages of daily figures): t Measures (not seasonally adjusted): M2 M3 L (M3 plus other liquid assets) Components (not seasonally adjusted)* Currency Demand deposits . Other checkable deposits U Overnight RPs and Eurodollars 0 General purpose and broker/dealer money market funds Money market deposit accounts Savings deposits ., Small time deposits @ Large time deposits @ 817.6 '3,321.8 '4,106.1 '4,950.9 242.8 278.0 288.4 '83.7 . 341.1 826.1 '3,327.3 '4,115.5 '4,9652 844.3 '3,341.9 '4,123.3 '4,9852 833.2 '3,341.6 '4,130.1 '4,9992 823.4 '3,345.4 '4,147.8 '5,000.5 835.0 '3,374.5 '4,167.4 5,008.3 852.8 '3,3972 '4,179.5 4,968.6 841.5 '3,375.8 '4,154.0 4,941.1 857.6 '3,3942 '4,1602 '4,970.4 '861.8 '3,393.8 '4,151.4 '4,977.7 '864.0 '3,391.4 '4,151.7 '4,976.8 '867.0 '3,385.3 '4,137.6 4,968.3 875.3 3,395.7 4,143.0 245.7 280.5 291.9 '77.8 343.4 249.6 289.9 297.0 '74.3 345.5 249.8 277.7 297.9 '71.5 354.2 252.7 268.0 294.9 '70.5 362.3 255.6 270.1 301.5 '69.5 370.0 256.0 277.6 311.7 '70.1 368.5 257.4 271.5 304.9 '68.9 360.5 259.1 279.6 310.8 '68.5 358.0 260.8 280.6 '311.8 '65.3 354.5 262.0 278.7 '314.8 '67.9 351.6 261.8 278.5 '318.4 '67.1 349.3 2632 283.6 320.5 70.6 347.8 4u 4.5 ^918.2 1,1612 518.3 &u %?, &u 4o.o 1,1602 507.1 1,163.8 5142 1,157.5 510.9 1,150.3 504.4 ^ . 9 1,140.0 '503.3 &u 1,159.8 515.9 ^917.9 1,164.7 509.8 4M 1,159.5 524.3 1,129.8 4982 1,122.1 '489.7 1,112.4 '485.8 1,000.3 '1,101.7 '478.1 ^1,013.3 1,088.6 469.3 821.8 '3,321.6 '•4,108.8 '4,955.6 8212 '3,324.5 '4,109.0 '4,955.1 823.3 '3,323.7 '4,108.4 '4,960.4 825.4 '3,327.8 '4,1112 '4,966.6 826.7 '3,331.3 '4,124.0 '4,983.1 836.4 '3,354.6 '4,159.7 '5,010.0 843.0 '3,375.3 '4,168.1 '5,010.2 842.1 '3,383.6 '4,170.3 4,977.3 851.6 ^3,396.4 '4,172.8 '4,9562 858.4 '3,4012 '4,165.6 '4,980.1 859.6 '3,390.5 '4,148.5 '4,984.8 '866.1 '3,390.6 '4,146.5 '4,978.3 '870.0 '3,390.3 '4,139.9 4,970.1 879.4 3,398.8 4,146.4 241.5 279.1 293.0 J 919.6 1,160.1 521.9 243.9 277.1 291.8 *9182 1,161.4 515.1 245.0 277.2 2928 J 917.8 1,161.8 512.5 246.4 276.9 293.7 •»916.7 1,1642 507.1 251.6 272.9 293.9 J 917.1 1,163.9 511,9 255.1 276.1 296.9 J 926.9 1,162.7 516.0 256.7 277.1 301.0 *939.7 1,158.3 511.5 256.6 275.8 301.9 J 953.8 1,150.2 507.3 256.8 278.7 308.1 *9692 1,140.5 503.9 257.6 281.0 311.9 *981.0 1,129.1 '498.7 258.9 278.9 '314.0 J 990.0 1,118.6 '4912 260.8 '279.8 '317.8 *9962 1,110.3 '484.6 262.4 279.4 '320.5 3 1,002.7 '1,102.0 '475.9 264.5 282.6 324.4 3 1,013.6 1,088.8 466.4 3 Measures (seasonally adjusted): M2 M3 L (M3 plus other liquid assets) Components (seasonally adjusted): Currency Demand deposits Other checkable deposits $+ Savings deposits Small time deposits @ Large time deposits @ PROFITS AND DIVIDENDS (QTRLY.) [Millions of dollars] Manufacturing corps. (Bureau of the Census): Net profits after taxes, all manufacturing Food and kindred products Textile mill products Paper and allied products Chemicals and allied products Petroleum and coal products Stone, clay, and glass products Primary nonferrous metal Primary iron and steel Fabricated metal products Machinery (except electrical) Electrical and electionic equipment Transportation equipment (except motor vehicles and equipment) ........ Motor vehicles and equipment All other manufacturing industries Dividends paid (cash), all manufacturing 22,982 5,160 202 792 5,367 2,591 98 355 -55 1,506 90 2215 136,490 16,545 1,416 7,047 24,523 19,512 1,968 3,785 1,512 5,515 9,666 9,663 '111,319 '16,074 '429 '4,817 '23,412 '17,967 '-916 '2,516 '583 '4,638 '11205 '6,409 29,570 5,117 136 1214 6254 5,061 564 689 319 1,278 2,576 2,015 18,772 2295 -20 614 5,316 4,843 -474 170 -521 491 3,347 309 4,315 8,349 22,674 65,244 '5,065 '-552 '19,756 1,588 -1,933 4,692 870 -2,105 3,637 940 -1976 2,545 1,496 -1294 4,459 '62,197 14,759 15,958 14,594 14,874 >ZM7 29,002 127,971 34,332 14,066 1,227 8,296 1,119 10,332 2,360 14,397 1,977 7,800 '1,917 '12,118 '2,316 34,320 28,210 29,640 28,650 27,820 28210 27,390 28,860 7,040 18,505 8,050 19,285 7,285 16,185 7,245 15,820 7,300 17,025 8,050 19,285 7,435 18,825 7,190 19,435 66.1 66.0 64.8 64.8 672 67.6 67.6 69.0 8,83627 10,892.70 675.60 959.89 794.07 820.37 1,074.13 1,689.18 18,321 4,992 -10 868 5272 4,889 -542 467 -259 502 -1,240 1,873 zzz zzz •zzz SECURITIES ISSUED [Millions of dollars} Securities and Exchange Commission: Estimated gross proceeds, total By type of security: Bonds and notes, corporate Common stock Preferred stock By type of issuer: Corporate total* Manufacturing Extractive Public utility Transportation Communication ... Financial and real estate . . . . : State and municipal issues (Bond Buyer): Long-term Short-term '12,061 '2,026 '15,499 '1,952 '16,527 '10,785 '13,001 '5,931 '17,865 '6,766 '14,081 '3,113 11,567 2,369 67.3 67.1 68.0 66.9 68.1 69.0 69.5 71.4 1,248.14 1,094.59 1,002.50 854.25 889.76 924.05 880.40 1,104.51 '11,327 '1,979 SECURITY MARKETS [Millions of dollars, unless otherwise indicated] Stock Market Customer Financing Margin credit at broker-dealers, end of year or month Free credit balances at brokers, end of year or month: Margin-account Cash-account (2) Bonds Prices: Standard & Poor's Corporation, domestic municipal (15 bonds), dol. per $100 bond Sales: New York Stock Exchange, exclusive of some stopped sales, face value, total See footnotes at end of tables. SURVEY OF CURRENT1 BUSINESS S-16 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, 1961-88 Annual 1989 November 1991 1991 1990 | 1990 Sept. Oct | Nov. | Dec. Jan.^ F e b . ^ Mar. | Apr. May *-1 July Aug. | Sept. | Oct. FINANCE-Continued Bonds-Continued [Percent] Yields: Domestic corporate (Moody's) By rating: Aaa Aa A Baa !...!! !...!...." ... 9.77 10.02 10.03 9.85 9.63 9.62 9.36 9.43 9.33 9.32 9.45 926 9.46 9.74 10.18 9.32 9.56 9.82 10.36 9.56 9.77 10.09 10.64 9.53 9.77 10.06 10.74 9.30 9.59 9.04 9.34 9.61 10.41 883 9.16 9.38 10.07 921 9.50 10.09 8.86 9.12 929 9.94 8.86 9.15 9.41 9.86 9.01 928 9.55 9.96 9.25 9.51 10.62 9.05 9.39 9.64 10.43 9.66 9.66 9.77 9.76 10.02 10.01 10.11 9.94 9.93 9.76 9.57 9.56 9.41 9.31 9.47 9.39 9.35 9.30 9.34 929 9.46 9.44 9.42 9.16 9.03 8.99 8.75 8.61 926 9.65 9.11 9.51 8.55 8.83 9.08 9.49 9.42 9.40 9.16 9.16 9.02 9.03 By group: Public utilities"ZZZZiZZZZZZZZZ Domestic municipal: Bond Buyer (20 bonds) Standard & Poor's Corp. (15 bonds) 7.23 7.24 7.31 725 7.53 7.40 7.43 7.40 7.08 7.10 7.14 7.04 7.00 7.05 7.01 6.90 7.14 7.07 7.01 7.05 6.97 6.95 7.13 7.09 7.00 7.03 6.85 6.89 6.73 U.S. Treasury bonds, taxable t 8.58 8.74 9.11 8.93 8.60 8.31 8.33 8.12 8.38 829 8.33 8.54 8.50 8.17 7.96 966.86 2,508.91 205.72 1,194.30 96524 2,678.94 2,550.69 199.83 881.31 2,460.54 207.18 850.77 881.98 2,518.56 210.26 848.07 916.30 2,610.92 210.55 908.43 922.30 2,587.60 211.53 1,04024 322.84 37028 278.70 398.17 132.16 271.78 197.31 334.59 390.88 282.47 433.92 140.16 254.32 202.85 315.41 372.81 26028 414.03 130.33 224.76 191.84 307.12 361.00 241.70 408.36 137.91 216.47 31529 369.35 249.94 424.91 141.58 218.87 183.63 328.75 384.75 266.73 450.62 144.46 232.89 195.87 325.49 382.78 267.72 443.65 138.38 241.37 197.92 36226 427.94 309.18 504.43 143.19 270.36 218.40 37228 441.87 308.68 52829 142.84 267.91 21422 379.68 450.17 306.43 546.89 143.13 273.89 222.37 377.99 450.05 302.67 543.40 138.66 284.72 233.56 378.29 450.87 309.36 540.25 135.73 296.23 246.13 38023 453.38 30625 547.98 137.75 294.32 247.47 3024 116.14 122.18 326.34 26.12 85.50 95.53 342.56 22.57 72.86 79.30 304.77 20.07 5825 63.41 282.56 21.52 65.88 74.90 322.57 23.53 75.38 83.51 343.99 23.20 70.42 79.10 341.84 27.75 82.99 99.77 391.74 28.64 81.17 102.97 394.93 30.27 88.43 109.72 41025 29.81 90.36 114.71 383.37 30.18 94.36 118.00 384.04 116.79 387.98 180.02 21623 17528 87.43 151.88 183.46 225.78 158.62 90.60 13326 17324 216.81 136.95 83.30 118.59 168.05 208.58 131.90 87.27 108.01 17221 212.81 132.96 89.69 113.76 179.57 221.86 141.31 91.56 122.18 177.95 220.69 145.89 88.59 121.39 197.75 246.74 166.06 92.08 141.03 203.56 255.36 16626 9229 145.41 207.71 260.14 92.92 152.63 206.93 260.13 170.76 90.75 151.31 207.31 261.16 177.04 89.00 152.31 437.80 428.38 504.75 457.08 191.02 167.51 409.21 430.57 471.43 319.03 179.36 170.17 368.58 39425 432.85 271.42 161.35 155.69 338.01 360.41 391.57 246.09 148.09 142.51 347.69 37324 413.86 246.60 152.62 148.50 370.21 400.89 449.44 255.16 163.42 16024 376.68 412.83 448.96 254.05 166.62 165.44 442.59 491.45 509.23 291.19 19623 197.17 469.10 527.06 532.17 303.59 207.51 210.74 496.32 558.44 562.43 325.16 21921 222.97 490.93 545.97 554.37 329.81 216.55 217.43 3.45 3.01 6.39 2.14 3.73 9.04 3.61 3.16 5.91 2.56 4.82 8.96 3.85 3.33 6.36 2.96 6.14 9.05 4.01 3.51 6.02 2.95 627 8.96 3.91 3.45 5.89 3.17 5;54 3.74 3.31 5.73 2.87 4.96 8.72 3.82 3.36 6.07 2.81 5.03 8.71 3.35 2.93 5.84 2.4' 4.02 8.46 326 2.84 5.88 2.50 3.81 8.55 3.19 2.77 5.88 2.42 3.57 8.43 1,844,848 54,239 1,611,667 53,338 96201 3,271 132,968 5,581 116,867 4,200 122,918 4,312 111,171 3,950 165,070 5,550 168,715 5,574 1,576,899 44,140 1,389,084 43,826 83385 2,665 116,348 4,800 99,541 3,463 107,530 3,557 95,441 3,258 142,066 4,610 145,301 4,543 8.98 7.88 Stocks Prices: Dow Jones averages (65 stocks) Industrial (30 stocks) Public utility (15 stocks) Transportation (20 stocks) Standard & Poor's Corporation, 1941-43=10 unless otherwise indicated: § Combined index (500 Stocks) Industrial, total (400 Stocks) # , Capital goods Consumer goods .. Utilities (40 Stocks) Transportation (20 Stocks), 1982=100 Railroads Financial (40 Stocks), 1970=10 (subcategories in 1941-43=10) :. Money center banks Major regional banks Property-Casualty Insurance N.Y. Stock Exchange common stock indexes, 12/31/65=50: TransDortation utility „. ZZZZZZZ"IZZZZI Finance NASDAQ over-the-counter price indexes: Composite, 2/5/71=100 . Industrial Insurance ;... Bank '. '. '.""I! """•"""'""•"•""" NASDAQ/NMS composite, 7/10/84=100 Industrial Yields (Standard & Poor's Corp.), percent. Composite (500 stocks) 0 Industrials (400 stocks) Utilities (40 stocks) '. Transportation (20 stocks) .....' Financial (40 stocks) Preferred stocks, 10 high-grade Sales: Total on all registered exchanges (SEC): Market value, mil. $ '. Shares sold, millions On New York Stock Exchange: Market value, ml $ Shares sold (cleared or settled), millions New York Stock Exchange: Exclusive of odd-lot stock sales (sales effected), millions NASDAQ over-the-counter: Market value, mil. $ Shares sold, millions Shares listed, NYSE, end of period: Market value, all listed shares, tS.'$ Number of shares listed, millions 1,022.63 1,034.12 1,043.14 1,049.29 1,062.35 1,060.65 1,069.71 1,067.44 1,087.94 2,863.04 2,920.11 2,925.53 2,928.42 2,968.13 2,978.18 3,006.08 3,010.35 3,019.73 199.64 213.54 20527 208.03 204.42 204.62 211.18 214.36 213.15 213.69 *962.42 1,11026 1,11324 1,139.05 1,167.55 1205.08 1204.56 1,204.66 1,182.39 1,283.07 387.20 459.11 303.57 567.52 142.84 295.1! 264.41 386.88 457.39 300.65 564.88 144.54 314.42 290.59 31.48 98.94 129.37 31.43 97.57 125.96 360.16 3127 99.10 12629 361.93 20829 262.48 177.15 90.05 151.59 213.33 26821 178.51 92.38 157.69 212.54 26621 177.99 93.71 157.68 213.09 265.68 195.74 9524 158.94 490.38 545.84 546.64 329.37 216.34 217.40 489.34 544.01 541.50 324.18 215.87 216.61 51325 570.78 542.98 339.54 226.77 227.68 520.56 58235 538.78 342.02 229.72 231.95 528.92 593.57 531.88 337.82 23323 236.18 323 2.79 6.09 2.33 3.71 821 3.23 2.79 6.23 2.24 3.68 826 320 2.76 6.11 226 3.70 8.15 3.10 2.67 5.99 2.19 3.45 8.03 3.15 2.73 5.95 2.19 3.48 7.81 7.93 159,472 5205 4,677 138210 4286 134,465 4,353 156,668 4,923 127,651 4,085 137,534 4247 128,620 3,852 120260 3,548 116,659 3,610 133,673 4,010 110,065 3,346 46326 30928 576.51 140.88 295.57 258.97 41,699 39,665 2,686 3,671 3,148 3,109 3,636 4,273 3,900 4,011 3,742 3,259 3,458 3,773 3,247 4,085 431,381 33,530 377,468 27,894 26,152 2,096 33,380 2,695 28,252 2,378 30,127 2,495 45,375 2,925 56,767 3,313 55,754 3,585 66,434 4,114 55,906 3,378 46,976 2,854 50,781 3,098 57,699 3,346 55,61 3,233 72,688 4,078 3,029.65 82,797 2,819.78 90,732 2,617.45 89,488 2,59125 90,079 2,747.59 90,345 2,819.78 90,732 2,927.78 90,772 3,137.60 91,096 3,209.91 91,851 3229.4: 93,579 3,360.1" 94204 3216.19 94,821 3,381.44 96,174 3,455.05 96221 33,506.7 '33,583.6 35,227.1 "34,380.0 34,583.5 35,428.1 3,400.30 3,470.09 97,412 96,519 FOREIGN TRADE OF THE UNITED STATES VALUE OF EXPORTS [Millions of dollars] Exports (mdse.), incl. reexports, total @ .... Seasonally adjusted t Western Europe European Economic Community Belgium and Luxembourg France Federal Republic of Germany Italy Netherlands United Kingdom Eastern Europe Union of Soviet Socialist Republics .... See footnotes at end of tables. 363,811.5 393,893.4 31,486.6 32,0102 35,295.9 35,006.3 33,6892 34,194.3 32,922.8 33,305.1 33,150.1 34,144.0 32,682.8 33,599.4 36,797.0 34,030.7 36,110.4 35,632.1 36,135.6 35271.2 35.573.1 34,974.6 100,165.1 86,330.8 8,522.4 11,579.1 16,862.3 7,215.0 11,364.1 20,837.0 112,974.6 98,026.8 10,448.3 13,6522 18,693.3 7,987.3 13,015.8 23,484.1 9,014.1 7,802.0 921.6 1282.1 1,427.8 654.1 996.3 1,728.4 9,984.9 8,766.1 938.9 1,353.4 2 1,630.8 663.0 1,089.9 2223.9 9,322.0 8,092.7 955.8 1,150.0 1,470.3 668.0 1,847.1 10,335.7 8,770.1 923.9 1,208.4 1,817.7 769.7 1,176.7 1,976.8 9,461.3 8,319.9 923.4 1,244.3 1,651.0 641.3 1,087.5 1,851.3 9,517.7 8,3072 970.1 1,320.7 1,653.0 664.4 1,169.9 1,6682 11,837.0 10,134.9 1,1102 1,567.5 1,919.2 842.0 1,212.9 2,226.3 10,882.8 9,383.3 979.3 1,391.4 2,293.4 720.7 1,124.7 1,914.9 10,087.8 8,753.7 904.2 1217.3 1,779.5 788.3 1,355.9 1,858.0 9,786.2 8,620.7 863.7 1,180.5 1,788.5 787.5 982.8 1,997.7 8,984.9 7,9562 792.7 1,238.1 1,940.9 580.3 929.9 1,579.1 8,626.4 7,514.3 918.0 1,115.2 1,511.6 570.9 888.4 1,7272 9201.0 7,927.5 832.7 1,302.1 1,625.6 624.0 861.3 1,628.6 5,306.9 4,283.5 4,262.6 3,087.7 138.9 78.9 157.9 84.8 277.3 143.3 259.5 147.5 286.4 216.9 478.4 388.5 608.2 504.6 433.8 304.3 2482 155.3 260.8 117.0 278.7 203.7 321.7 233.8 362.1 268.4 12022 SURVEY OF CURRENT1 BUSINESS November 1991 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, 1961-88 Annual 1989 S-17 1990 1990 Sept. | Oct. | 1991 Nov. Dec. Jan. Feb. | Mar. Apr. May June July Aug. Sept. | FOREIGN TRADE OF THE UNITED STATES-Ccntinued VALUE OF EXPORTS—Continued [Millions of dollars) Exports (mdse.), incl. reexports-Continued Western Hemisphere: Canada 0 Mexia) I"!"""!Z1"ZZI1!!!I!!!I!ZI!!"Z Venezuela Asia: China Hona Kona Japan Republic of Korea Saudi Arabia SinaaDore Taiwan. .. .. 78,808.9 4,803.9 24,982.0 3,025.2 83,865.5 5,061.9 28,375.3 3,1075 6,447.5 4742 2,370.4 279.6 7,455.8 497.6 2,779.5 287.6 7,359.4 461.8 2,503.7 303.0 5,943.0 444.0 2,226.8 3262 6,777.9 348.3 2,400.7 296.2 6,369.5 388.3 2,355.6 315.0 7,085.4 421.3 2,346.8 358.9 7,604.0 460.6 2,763.9 399.0 7,679.1 495.4 2,843.8 401.7 7,451.4 465.7 2,866.4 424.5 6,473.6 537.8 2,922.9 416.4 6,763.6 619.7 2,842.8 370.3 7,3322 693.4 2,7402 407.6 5,755.4 6,246.3 44,493.7 13,478.0 3,573.6 7,344.7 11,334.5 4,807.2 6,840.6 48,584.8 14,398.7 4,034.8 8,019.1 11,482.3 354.8 595.8 3,992.0 1,109.0 288.8 793.5 874.1 452.7 526.7 4250.2 1,337.1 489.9 704.8 971.2 329.9 527.8 4,350.5 1270.4 4362 6392 962.4 372.8 542.1 4,370.8 1,181.3 477.1 671.9 983.2 411.0 715.8 3,819.5 1,461.7 509.5 794.0 1,015.6 486.3 590.9 4263.0 1231.0 392.7 776.7 1,0202 472.9 629.7 4,240.5 1,352.0 627.6 847.1 1,037.0 437.5 748.0 3,907.9 12442 582.7 656.7 987.8 630.9 645.8 4,255.9 1,365.7 507.3 810.7 1,0692 505.8 610.4 3,958.8 1,173.5 492.2 914.4 1,183.8 538.5 580.6 3,851.3 1,281.6 4972 666.1 1,171.3 560.1 788.7 4,020.8 1,163.0 482.2 592.8 1205.8 470.8 757.4 3,661.7 1,256.4 628.9 648.4 1,120.3 Africa: Nigeria Republic of South Africa 490.3 1,659.4 551.5 1,732.4 35.1 143.2 55.2 1492 136.2 53.2 136.5 55.7 258.8 51.1 134.3 58.9 170.8 161.1 54.5 152.6 85.7 270.3 63.4 145.2 68.2 173.8 1052 170.0 Australia 8,331.3 8,534.7 625.4 608.4 580.3 955.9 603.5 706.5 592.3 599.1 581.5 739.1 756.7 726.8 767.0 1,636.9 OPEC Exports of U.S. merchandise, total @ By commodity groups and principal commodities: Agricultural products, total Nonagricultural products, total Food and live animals # Beverages and tobacco Crude materials, inedible, exc. fuels # Mineral fuels, lubricants, etc. # Oils and fats, animal and vegetable Chemicals Manufactured goods classified chiefly by material Miscellaneous manufactured articles Machinery and transport equipment, total Motor vehicles and parts 732 602 13,195.9 13,678.7 9552 1,310.0 1291.9 1,326.9 1,281.3 1254.1 1,594.2 1,594.1 1,572.8 1,543.2 1,448.4 1,740.1 349,650.5 375,454.2 30,028.5 33,755.3 32,249.6 31,461.3 31,5262 31,138.8 34,782.4 34,433.1 34,398.6 33,869.6 31,887.0 '31,9062 32,775.6 40,003.9 314,551.0 29,723.8 5,509.8 26,946.7 9,865.3 1,349.7 36,485.1 27,242.8 1 32,637.5 148,799.9 2 23,610.2 38,783.4 341,914.0 29,280.0 7,118.6 26,984.9 12,174.8 1,190.6 38,983.3 31,670.3 39,285.3 172,521.9 26,656.3 2,734.4 30,153.4 2,190.6 533.3 1,957.0 1,176.0 100.8 3,125.3 2,579.8 3,319.9 13,779.5 1,985.2 3,031.7 30,488.9 2,456.3 766.4 2,121.8 1299.5 85.5 3,615.7 2,921.8 3,495.5 15,410.8 2,523.8 3,4562 28215.9 2,473.5 744.4 2291.5 1,393.9 80.0 3,3202 2,774.0 3,326.6 13,877.6 2210.8 3,116.7 28,496.1 2,083.9 776.7 2238.8 12162 81.7 3,298.3 2,520.1 3,336.0 14,020.0 1,5332 3,164.7 28,543.8 2,126.5 765.0 2,2892 1205.7 87.5 3,550.2 2,812.7 3267.5 14269.0 2,167.5 3,434.9 27,687.3 2,538.6 646.6 2,358.1 1,304.7 75.6 3,591.6 2,753.6 3,209.3 13,216.5 1,880.0 3,580.1 31,164.5 2,621.6 649.0 2,469.5 938.4 86.8 3,923.4 2,914.0 3,659.8 16,176.6 2,310.5 3,084.5 31271.6 2,303.3 549.9 2,197.8 732.4 107.1 3,848.4 3,108.9 3,625.0 16,419.4 2,571.6 3,030.1 31,402.6 2285.9 6192 2237.3 1,066.5 77.1 3,913.6 3,146.8 3,644.9 16,066.9 2,696.9 2,586.4 31,159.8 2,104.7 461.1 1,980.8 924.8 67.8 3,439.7 3,059.7 3,683.3 16,732.9 2,569.4 2,866.5 29,035.9 2,462.4 451.8 1,861.8 970.6 126.8 3,4552 2,960.6 3,519.4 14,702.8 1,993.8 2,788.0 28,910.1 2,476.8 498.3 1,817.7 956.0 99.3 3,469.5 3,065.0 3,498.3 14,302.7 1,988.9 2,803.0 29,972.6 2,435.5 451.7 1,711.9 892.8 110.6 3,320.3 2,975.0 3,657.3 15,8772 2,530.0 473,210.9 494,903.2 41,059.1 41253.9 48,100.5 45,993.9 43,684.9 43,106.0 39,152.4 39,582.1 40,167.3 41,474.4 37,015.5 39,103.4 38,670.2 38,100.4 39,529.0 40,139.1 40,1212 40,061.5 39,434.5 38,763.7 41,282.6 '41,023.6 41,176.3 '40,910.1 41,435.0 42,218.1 101,763.6 85,153.2 4,555.0 13,013.4 24,832.3 11,933.1 4,809.6 18,319.1 108,901.1 91,867.5 4,578.5 13,124.0 28,108.7 12,723.3 4,971.9 20,288.2 8,128.9 6,764.5 347.7 996.8 2,061.3 7482 375.6 1,711.4 10,617.1 9,002.4 468.9 1,461:0 *2,522.9 1,173.1 447.5 2,1832 9,735.9 8,141.7 389.1 1,149.8 2,387.4 1,144.5 433.6 1,971.4 8,734.7 7,483.5 342.0 1,037.7 2,312.9 955.7 3702 1,789.8 8,360.0 6,979.2 349.5 1,066.3 2,073.4 961.7 318.4 1,559.0 8,154.5 6,891.5 323.8 1,027.0 2,215.8 973.1 334.8 1,4272 8,657.2 7,316.4 364.1 1,116.7 2,369.9 974.4 386.2 1,523.6 8,775.4 7,371.4 397.8 1,161.9 2,3042 934.9 381.8 1,567.4 8,767.7 7,387.0 365.9 1,064.5 2,183.1 962.4 407.1 1,701.1 8,053.1 6,751.9 300.5 1,150.8 1,917.1 968.3 335.1 1,476.0 8,999.1 7,750.6 421.7 1,318.1 2,153.5 1,134.7 4322 1,602.6 7,917.9 6,866.2 217.3 1,028.4 1,975.6 1,064.3 503.6 1,475.4 7,921.7 6,520.9 300.0 1,018.5 1,963.1 755.9 3782 1,510.0 2,064.2 709.5 2,2752 1,065.4 186.0 90.8 257.1 154.6 192.7 109.9 213.8 120.5 155.3 66.7 141.3 207.7 118.9 1372 56.6 165.6 82.3 95.7 23.9 1742 84.4 159.8 82.7 115.3 662 87,953.0 8,410.0 27,162.1 6,770.7 91,372.1 7,976.4 30,172.3 9,446.4 7,598.1 579.1 2,590.3 917.3 8,809.9 770.8 3,120.8 1269.6 7,948.0 536.0 2,794.7 1,193.0 6,867.8 631.6 2,243.4 929.8 7,227.1 673.2 2,479.9 906.3 6,875.6 553.8 2236.6 563.6 7,498.0 438.6 2,412.3 633.1 7,892.8 696.7 2,682.4 598.2 8,036.5 540.3 2,639.9 690.8 7,893.1 510.0 2,569.5 592.3 6,914.1 585.9 2,473.1 787.1 7,480.0 528.7 2,660.4 646.9 7,718.8 494.8 2,683.5 739.3 11,988.6 9,738.7 93,585.8 19,741.8 7,181.3 8,949.7 24,325.7 15,223.8 9,488.0 89,655.1 18,493.3 9,974.3 9,839.4 22,666.8 1,425.0 826.7 7,046.7 1,514.5 1,162.8 874.4 1,905.9 1,627.6 1,007.9 8,703.3 1,721.9 1296.6 885.0 2,076.1 1,407.8 808.4 8,138.7 1,507.9 1,426.9 844.0 1,833.1 1,127.8 678.3 7,809.5 1,345.9 1,152.6 838.8 1,712.4 1,325.1 806.5 7281.4 1,501.3 1202.7 795.3 1,877.9 1259.7 616.7 7,4222 1,177.9 870.5 690.7 1,695.3 974.3 541.1 7,815.5 1,2332 850.5 797.5 1,525.0 1,106.6 596.7 72552 1,313.7 832.3 782.3 1,708.7 1,374.3 6802 6,687.7 1,424.4 1,082.7 736.3 1,820.7 1,528.3 736.7 7,190.0 1,370.6 8332 895.9 1,876.5 1,815.3 909.6 7,648.7 1,624.7 8322 797.3 2,0652 1,867.3 855.0 7,757.4 1,486.9 1,029.0 793.6 2,113.9 1,932.3 886.0 7,8442 1,4432 939.8 918.3 2,149.0 5,226.4 1,529.0 5,9772 1,700.6 518.7 144.4 643.3 156.4 420.6 202.4 405.0 140.4 468.5 170.1 422.1 144.5 507.7 149.0 4602 161.9 482.9 174.8 476.1 149.5 501.7 153.1 504.5 137.0 380.0 116.4 VALUE OF IMPORTS [Millions of dollars} General imports, total @ Seasonally adjusted f Western Europe European Economic Community Belgium and Luxembourg France Federal Republic of Germany Netherlands"""!! United Kingdom Eastern Europe Union of Soviet Socialist Republics Western Hemisphere: Canada Mexico"!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Venezuela Asia: China Hong Kong Japan Republic of Korea Saudi Arabia Singapore . Taiwan Africa: Nigeria Republic of South Africa Australia OPEC By commodity groups and principal commodities: Petroleum and products Nonpetroleum products Food and live animals # Beverages and tobacco Crude materials, inedible, exc. fuels # Mineral fuels, lubricants, etc Oils and fats, animal and vegetable Chemicals Manufactured goods classified chiefly by material Miscellaneous manufactured articles Machinery and transport equipment Motor vehicles and parts 382 3,898.3 4,441.7 426.0 398.8 374.1 346.7 395.6 289.0 288.8 336.8 343.0 397.5 340.5 337.4 380.6 30,601.0 38,017.0 3,792.6 3,975.5 3,814.1 3,187.3 3,297.9 2,580.0 2,563.7 2,573.8 2,945.7 2,572.6 2,718.3 2,858.1 2,781.9 49,623.9 423,772.8 20,685.5 4,364.0 15,370.3 52,648.7 730.8 20,752.3 61,991.4 76,639.2 205,761.0 2 69,340.5 61,356.8 433,902.6 21,932.5 4,633.1 14,524.0 64,561.5 802.3 22,4682 59,914.2 81,477.6 208,095.7 69,382.1 6,224.8 34,750.1 1,683.6 355.8 1,138.3 6,469.1 60.3 1,692.8 4,783.3 6,882.5 16,348.1 5275.2 7298.9 41,185.3 1,780.3 484.3 1,282.0 7,621.0 84.3 2,063.6 5,467.3 8,304.9 19,964.9 6,867.8 6,358.0 37,5462 1,757.3 490.4 1,197.8 6,616.0 57.4 1,951.4 5,054.7 6,8822 18,398.1 6,368.5 5209.7 34,081.5 1,791.8 383.1 1,034.3 5,513.8 63.1 1,778.2 4,432.8 5,743.2 17,117.4 5,560.3 1,883.8 385.4 1,113.4 5,696.0 63.8 1,962.8 4,970.6 6,345.3 16,256.6 5,359.9 1,7542 2982 1,038.5 4,072.0 70.7 1,9192 4,557.7 5,978.8 16,140.5 5,162.6 1,885.5 336.0 1,040.1 4,057.2 75.4 2,011.0 4,579.1 5,756.9 17,484.3 5,628.5 1,9982 386.8 1,157.4 4,340.1 68.4 2,064.9 4,930.3 5,9022 17,5032 5,510.4 1,952.8 4162 1,132.3 4,926.6 74.9 2,004.8 4,876.5 6,198.7 16,741.0 5286.6 1,862.6 368.8 1,120.6 4,337.4 69.0 1,952.7 4,552.0 6,598.8 17,157.6 5,427.0 1,724.6 394.5 1,132.6 4,289.6 76.4 2,075.0 5,140.3 7,933.5 17,185.5 4,980.5 1,678.4 415.8 1,077.1 4,890.4 62.4 1,918.4 4,590.0 7,525.5 17,489.0 5,622.0 1,743.7 393.7 1,080.3 4,631.5 71.3 1,937.5 4,6382 7,716.8 17,852.8 5,718.5 -109,399.3 -101,7182 -9,157.2 -12,084.5 -10,528.9 -9,0842 -9,896.8 -9,536.4 -6,211.1 -6,324.6 -7,017.2 -7,3762 -4,332.7 -5,504.0 -1,8732 -4,069.7 -3,418.6 -4,507.0 -3,985.6 -4,790.3 -3,861.4 -3,789.1 -7,775.9 '-7,440.0 -5,9492 '-6,530.1 -6,851.5 -6,790.0 -103.67 338.00 441.67 -85.24 366.80 452.04 -628 31.03 37.32 -3.97 31.14 35.10 -5.47 31.51 36.98 -4.49 3120 35.69 -3.35 31.69 35.04 '-4.03 "33.16 37.20 ^4.45 '32.93 '37.36 -3.73 '32.70 '36.42 MERCHANDISE TRADE BALANCE * [Millions of dollars] Trade balance: Not seasonally adjusted Seasonally adjusted [Billions of 1987 dollars] Seasonally adjusted: Trade balance Exports Imports See footnotes at end of tables. -6.38 30.01 36.39 -6.56 32.07 38.63 '-5.86 '33.09 '38.95 '-629 '32.41 '38.70 -6.35 33.35 39.70 Oct. SURVEY OP CURRENT BUSINESS S-18 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, Annual 1989 1961-38 | November 1991 1990 Sept 1990 | Oct. | 1991 Nov. | Dec. Jan. I Feb. I Mar. I Apr. May | Jury June | Aug. J Sept | Oct FOREIGN TRADE OF THE UNITED STATES-Continued Export and Import Price bidexes * [1985=100] All exports Agricultural exports Nonagricultural exports All imports Petroleum imports Nonpetroleum imports , 112.8 114.3 112.9 113.8 108.8 114.9 114.3 107.0 115.7 115.0 104.8 117.0 1152 104.4 117.3 114.9 104.4 116.9 115.3 105.9 117.1 1152 106.3 116.9 115.1 106.5 116.7 115.1 107.8 116.4 114.8 108.1 116.0 114.7 107.9 116.0 113.9 103.8 115.7 114.3 107.1 115.5 1142 105.8 115.6 114.9 109.5 115.8 119.4 70.9 128.0 1232 87.4 129.5 126.3 104.4 1302 130.1 126.3 130.8 129.4 119.5 131.1 128.8 110.9 132.0 127.1 99.1 132.1 124.6 80.6 132.5 1245 77.2 132.9 123.5 762 132.0 123.3 75.7 131.7 122.4 732 131.1 121.6 71.9 130.5 122.0 74.8 130.4 122.4 75.9 130.7 123.1 77.2 131.3 143,184 372,052 150,737 11,812 30,134 13,383 32,540 13,275 29,766 13,119 29,565 13,124 13,474 32,963 14,232 28,757 13,861 33,299 14,061 29,658 12,657 32275 13,163 493,864 270,633 495,239 283,392 40,086 23255 43,776 28,009 37,951 24,901 33,830 22,318 36,184 23,751 31,002 20,615 32,371 37,168 21,545 41,880 21,876 38,454 21,875 41,033 23,556 3428 59.8 4,402 35.20 63.2 4,451 37.47 63.4 4,729 40.84 66.7 5,101 44.03 68.0 5,426 46.75 712 5,728 27.37 387 110 27.80 419 115 29.58 424 108 31.63 412 106 33.05 439 115 7.83 397 37 9.67 410 11.26 446 39 12.41 466 13.70 458 42 725 734 678 "1922 '192.6 186.3 109.9 109.4 252.6 109.5 '85.7 109.3 293 Shipping Weight and Value Waterborne trad©; Shipping weight, thous. metric tons General imports: Shipping weight, thous. metric tons Value, m/7. $ TRANSPORTATION AND COMMUNICATION TRANSPORTATION Air Carriers Certificated route carriers: Passenger-miles (revenue), billions Passenger-load factor, percent Ton-miles (revenue), total, millions 432.71 55,458 457.92 62.4 58,395 60.1 4,749 69225 53,796 6,893 955 67,413 39 75,967 58,426 5,435 970 77,881 -3,994 20,128 15,635 1,344 228 19,820 -212 329.98 4,916 1,415 340.22 5,076 1,490 2624 436 114 54,314 52,460 304 57,991 59,004 -3,440 14,803 14,770 -561 102.74 5,359 464 117.70 5,524 514 10.57 476 41 14,911 14,954 -265 17,976 18,878 -554 5,326 5,050 349 8,195 8,962 732 100 '19,750 100 21,810 100 5,621 632 . Operating revenues (quarterly), mil. $ § Passenger revenues, mil. $ Cargo revenues, mil. $ Mail revenues, mil. $ Operating expenses (quarterly), mil. $ § Net income after taxes (quarterly), mil. $ § Domestic operations: Passenger-miles (revenue), billions Cargo ton-miles, millions Mail ton-miles, millions Operating revenues (quarterly), mil $ § Operating expenses (quarterly), mil. $ § Net income after taxes (quarterly), mil. $ § International operations: Passenger-miles (revenue), billions Cargo ton-miles, millions Mail ton-miles, millions Operating revenues (quarterly), mil. $ § Operating expenses (quarterly), mil. $ § Net income after taxes (quarterly), mil. $ § 37.80 602 4,943 34.79 58.9 4,608 36.18 59.6 4,710 33.50 56.9 4,242 28.52 56.2 3,700 17,518 12,873 1,277 229 18,903 -1,339 19,116 14,293 1,505 282 21,488 -3,647 2825 468 128 26.64 440 128 27.10 403 178 2521 369 129 23.25 349 95 14,456 16,032 -3,015 9.55 523 45 8.15 508 53 9.08 445 67 27.16 399 112 13,506 14254 -747 828 358 37 527 372 32 7.13 423 39 4,012 4,649 4,659 5,456 «32 Urban Transit Industry Passengers carried, total, millions t t Motor Carriers Carriers of property, large, class I, qtrly.: Number of reporting carriers, number Operating revenues, total, mil. $ , Net income, after extraordinary and prior period charges and credits, mil. $ Tonnage hauled (revenue), common and contract carrier service, mil. tons :... Freight carried-volume indexes, class I and II intercity truck tonnage (ATA): Common carriers of general freight, seas, adj., 1967=100 tt 817 755 712 737 760 100 5,762 100 5,446 100 5,030 118 '355 442 '175 172 42 46 168.5 174.9 1662 172.9 '27,956 '27,059 91 '28,516 '27,616 '94 7,110 6,891 24 7,098 6,868 24 6,778 6,554 23 6,842 6,617 24 '25,038 1,896 '2,010 '24,736 '2,676 '1,953 6,089 710 6,242 491 529 430 6,659 155 76 1,013.8 106.4 1,034.9 107.5 258.3 107.3 '18,120 '17,603 '15,099 '13,550 3,691 '19,505 '19,022 '16,908 '15,024 6,022 5,562 5,300 4,705 213 56,422 56,948 6,705 Class I Railroads t Financial operations, quarterly (AAR), excluding Amtrak: Operating revenues, total, mil, $# Freight, mil. $ Passenger, excl. Amtrak. mil. $ Operating expenses, mil. $ Net railway operating income, mil. $ Ordinary income, mil. $ t , Traffic: Revenue ton-miles, qtrly. (AAR), billions Producer Price Index, line haul operations, 12/84=100 ... 108.5 258.8 108.5 108.6 108.9 196 '1,452 '1,157 '1,180 '1,261 237 '978 228 4,128 4,335 4,091 3,726 174 4,453 2,413 1,390 ' 1,467 ' 1,731 108.3 251.7 109.5 2542 109.5 109.5 '1,328 '1286 '1,230 '966 268 '1,362 '1,334 '1,198 '1,091 351 335 329 315 249 249 '2,136 ' 3,011 '4,869 ' 7,516 ' 10,414 '10,398 6,569 109.6 Travel Lodging industry: Restaurant sales index, same month 1967=100 Hotels: Average room sale, dollars 0 Rooms occupied, % of total Motor hotels: Average room sale, dollars 0 . Rooms occupied, % of total.... Economy hotels: Average room sale, dollars 0 Rooms occupied, % of total Foreign travel: U.S. citizens: Arrivals (quarterly), thousands Departures (quarterly), thousands Aliens: Arrivals (quarterly), thousands Departures (quarterly), thousands.... Passports issued, thousands National parks, recreation visits, thousands ## See footnotes at end of tables. 245 87.77 68 46.97 66 38.57 66 '876 '790 SURVEY OF CURREN11 BUSINESS November 1991 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, 1961-88 Annual 1989 | S-19 1990 1990 Oct. Sept | 1991 Nov. | Dec. [ Feb. Jan. Mar. May • * . | June July | Oct Sept Aug. | TRANSPORTATION AND COMMUNICATION-Continued COMMUNICATION Telephone carriers: Operating revenues, mil. $# Station revenues mil $ Tolls, message, mil. $ Operating expenses (excluding taxes), mil. $ Net operating income (after taxes), mil. $ Access lines millions • ••••• • • • - CHEMICALS AND ALLIED PRODUCTS CHEMICALS Inorganic Chemicals [Thousands of short tons, unless otherwise indicated] Production: Aluminum sulfate, commercial (17% AI2O3) Chlorine gas 100% CM Hydrochloric acid (100% HCI) Phosphorus, elemental Sodium hydroxide (100% NaOH) Sodium silicate, anhydrous ... Sodium sulfate (100% Na2SO4) Sodium tripolyphosphate (100% NasPjOio) Titanium dioxide (composite and pure) Sulfur, native (Frasch) and recovered: Production thous metric tons Stocks (producers') end of period, thous. metric tons Inorganic Fertilizer Materials [Thousands of short tons, unless otherwise indicated] Production: Ammonia, synthetic anhydrous $ Ammonium nitrate, original solution $ Ammonium sulfate t Nitric acid (100% HNO3) t Nitrogen solutions (100% N) + Phosphoric acid (100% P2OS) $ Sulfuric acid (100% H2SO4) $ Superphosphate and other phosphatic fertilizers (gross weight) Production Stocks, end of period Potash sales (K2O) mports: Ammonium nitrate, thous. metric tons Ammonium sulfate, thous. metric tons Potassium chloride, thous. metric tons Sodium nitrate, tfwus. metric tons 1,244 11,413 3,177 353 10,492 873 755 530 1,110 1208 10,943 2,341 356 11,688 879 100 919 164 29 992 77 107 926 195 31 987 79 96 903 191 31 971 78 93 958 196 28 733 56 63 63 '•1274 532 1,079 53 75 44 81 46 79 43 98 10,398 1,302 10,255 1,422 882 1287 894 1,381 868 1,371 893 1,422 16,362 7,871 2,347 8,349 2,913 11,737 43,301 16,958 7,107 2,495 7,749 2,853 12,175 44,281 1,334 520 205 615 223 1,029 3,750 1,418 566 191 633 235 1,037 3,655 1,427 602 193 656 238 1,037 3,609 1,471 610 214 639 265 1,063 3,784 18,128 942 5,745 18,887 738 5,700 1,576 604 1,667 663 1,631 784 1,700 738 308 418 441 549 '527 '12,424 '63,972 '39,622 '486 '12,670 '62,187 '38,888 '295 '12,970 '64,144 '39,378 299 2,715 642 80 2,946 211 «278 *2,795 <668 6 90 tf 3,013 «216 «236 "132 « 2 72 861 1,489 806 1,581 769 1,521 171 118 269 776 1,474 813 1,425 6 4 245 * 1,902 6 558 6 1,977 «807 «3,036 *10,778 414 327 837 '1,460 770 1,250 236 687 .zzz 4,813 620 740 735 227 : <411 4 307 4 5,498 "150 Industrial Gases [Millions of cubic feet] Production: Acetylene Hydrogen (nigh and low purity) Nitrogen (high and low purity) Oxygen (high and low purity) 5,445 '145,544 744,068 '460,684 '5,207 '147,840 '749525 '462293 '463 '12296 '60544 '39,185 Organic Chemicals § [Thousands of metric tons, unless otherwise indicated] Production: Acetvlsalicvlic acid (asoirin) Ethyl acetate Formaldehyde (37% HCHO) Glycerin, refined, all grades, mil. Ib. ... Methanol, synthetic Phthalic anhydride '102 '132 3 '2,6732 293.3 ' 3 704 5 '416.1 '12.8 '124 3 '2,908.5 286.5 '36222 '426.7 2.5 333 730.9 212 9528 107.5 25.9 ALCOHOL Ethyl alcohol and spirits: Production, mil. tax gal., Stocks, end of period, mil. tax gal Denatured alcohol: Production, mil. wine gal. Consumption (withdrawals), mil. wine gal. For fuel use mil wine gal Stocks, end of period, mil wine gal See footnotes at end of tables. 960.1 54.3 1004 37.3 93.1 29.5 514.3 502.2 200.5 24.5 50.1 52.3 23.1 11.5 51.9 49.9 222 15.1 25.7 3.3 330 738.5 21.6 9237 96.3 "1,139 '« 34,826 197 977 r6 \ 19,221 1,122 33,913 198737 118,525 \t 31 6 691 7 71.7 11073 96.5 rtf 644.2 79.7 8398 96.7 765 1,467 4,419 1,877 592 1,918 829 3,060 10,598 *4,813 6 692 602 800 1,481 ..,. • • : : SURVEY OF CURRENT1 BUSINESS S-20 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, 1961-88 1989 | November 1991 1990 Annual 1990 Sept. OcL | 1991 Nov. | Dec. Jan. | Feb. j Mar. | Apr. May June Sept. July CHEMICALS AND ALLIED PRODUCTS-Continued PLASTICS AND RESIN MATERIALS (Thousands of metric tons] Production: Phenolic resins Polyethylene and copolymers Polypropylene Polystyrene and copolymers Polyvinyl chloride and copolymers > , 2833.6 '7.318.8 '3.039.3 ^3,591.4 '4,002.6 '8.550.5 '3,524.7 2,141.3 981.1 2,277.8 874.6 2,028.7 822.0 2,089.6 830.5 '4,112.9 1,007.3 1,003.1 941.7 981.3 11,761.6 4,862.1 4,110.5 2,789.1 963.1 386.6 351.0 225.6 730.9 301.0 266.6 163.3 '2,467.8 4 1,000.3 '953.6 '514.0 3,122.8 1,400.4 1,086.1 636.0 Z'ZZZ PAINTS, VARNISH, AND LACQUER $ [MiiHons of dollars] Architectural coatings Product coatinas (OEM) Soecial ouroose coatinas 11,238.9 4,525.3 4,220.1 2,493.5 . 1,046.8 399.3 394.1 253.3 854.9 3325 322.8 199.9 •• • ELECTRIC POWER AND GAS ELECTRIC POWER [Millions of kilowatt-hours, unless otherwise indicated} Production: Electric utilities total By fuels By waterpower 2,784,304 2,519241 265,063 2,807,058 2,527219 279,839 237,869 220,899 16,971 Sales to ultimate customers, total (Edison Qectric Institute) .... GornmorcicU § **»t...g... ...t.,... « . . .*.*•• *.*i.a,» Industrial § Railways and railroads Residential or domestic Street and highway lighting Other public authorities Interdepartmental .. . ... 2,616251 718,014 905225 5,307 899,573 14,548 69,259 4,324 2,623,733 722,375 907,925 5,335 897,937 14,731 71,084 4,346 731,098 207,157 239,405 1,304 260,423 3,518 18,323 .967 645,103 178287 229,732 1,374 213,085 3,954 17,739 931 663,388 177,096 219,440 1,436 242236 4,147 1834 809 649,177 182,995 230,832 1,324 210,302 3,543 19,338 843 169,117 170,583 50,793 42,059 43,315 43,874 53,583 49,190 4,177 167 49 54,388 49,912 4,261 167 48 53,878 49,482 4,182 166 48 54,388 49,912 4,261 167 48 Sales to customers, total, tril. Btu Residential Commercial Industrial Electric generation 10.551 4,798 2,323 1,962 1,280 188 9,846 4,394 2,192 1,997 1,075 188 1,520 382 260 384 462 31 2,690 1,259 615 560 203 54 Revenue from sales to customers, total, mil. $ Residential 47,493 26,172 11,077 6211 3,449 584 44,672 24,658 10,462 6,064 2,889 598 6,209 2,602 1,213 1,107 1,210 78 12230 6,901 2,901 1,709 554 165 Revenue from sales to ultimate customers (Edison Electric Institute), mil. $ 224,794 206,188 18,605 213,596 193,603 19,993 237,257 213,305 23,952 247,984 222,314 25,671 210,496 188,579 21,918 221,117 19537 25,820 208,936 183,249 25,687 233,991 205,535 28,457 248,165 222,332 25,832 271,492 247,242 24250 zzz GASO Total utility gas, quarterly (American Gas Association): Customers, end of period, total, thousands® Residential Industrial® Other , Industrial Electric generation oKr..: " ::...:: :..iz i.:..:.z FOOD AND KINDRED PRODUCTS; TOBACCO ALCOHOLIC BEVERAGES Beer: Production mil. bbl. Taxable withdrawals, mil. bbl. Stocks, end of period, mil. bbl. 199.14 179.50 14.60 16.62 15.77 13.87 203.63 185.56 12.67 16.08 14.75 13.06 9.68 13.65 374.41 273 413.71 31.10 365.91 r 5.87 365.00 7.84 309.69 15.44 14.54 13.34 13.97 1322 12.67 1627 13.80 13.54 15.17 13.11 14/11 16.08 14.40 14.15 17.23 14.82 15.01 36.71 48.14 24.72 21,97 26.07 28.36 2.85 121 18.90 16.77 14.91 19.16 16.93 14.99 19.88 17.88 14.96 Distilled spirits (total): 112.89 Consumption, apparent for beverage purposes, mil. wine gal Stocks end of period mil. tax gal. . Imports mil proof liters Whisky: Production, mil. tax gal. Stocks end of period, mil. tax gal. 371.46 426.67 3 368.54 3 77.88 368.85 223.97 Wines and distilling materials: Effervescent wines: Production, mil. wine gal. Taxable withdrawals mil wine gal Stocks, end of period, mil. wine gal. Imports mil liters 29.76 26.95 222.62 •*5496 26.35 25.50 231.72 2.88 4.54 19.77 2.96 .88 16.99 .92 17.60 1.12 1.08 20.48 1.10 1.43 18.56 .74 18.30 1.79 2.29 17.59 .13 2.73 22.18 1.91 19.64 1.69 17.48 2.59 1.10 18.81 Still wines: Production, mil. wine gal. Taxable withdrawals mil wine gal Stocks end of period mil wine gal Imports, mil. liters 408.16 413.17 6.305.38 3 242.05 427.15 41725 6,452.54 183.44 32.38 542.55 110.18 34.99 578.33 42.25 35.00 575.84 18.63 38.43 576.36 6.45 27.41 550.40 3.36 26.98 530.26 4.54 31.93 515.16 4.18 34.01 522.56 323 3323 51821 1.68 32.98 524.02 1.41 30.16 394.36 114.11 108.07 22.42 29.52 12.23 521 3.51 7.30 4.52 2.75 3.36 1.15 3.39 Distilling materials produced at wineries, mil. wine gal. See footnotes at end of tables. 23 43 | Oct. SURVEY OF CURREKPI'BUSINESS November 1991 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, 1961-88 Annual 1989 S-21 1991 1990 1990 Sept | Oct. | Nov. Dec. Jan. | Feb. | Mar. FOOD AND KINDRED PRODUCTS; TOBACCO-Contfnued 1 *• 1 May I June I July I Aug. | Sept Oot DAIRY PRODUCTS Butter: Production (factory) mil Ib Stocks, cola storage, end of period, mil. to. . Producer Price Index, 1982=100 v Cheese: Production (factory), total, mil. Ib. American, whole milk, mil. Ib. .... Stocks, cold storage end of period mil to American, whole milk, ml to. Imports, thous m$tricton$ Price, wholesale, Cheddar, single daisies (Chicago), $ per to.. 1,295.4 2562 88.0 1,302.2 416.1 71.3 83.4 412.3 70.5 106.7 413.6 70.5 110.1 407.6 70.6 1212 416.1 70.6 142.1 470.8 67.0 126.3 524.8 67.0 131.6 555.9 67.1 133.7 619.8 67.3 126.0 647.5 67.3 98.3 665.6 '68.1 88.9 664.9 70.3 85.0 6332 70.4 84.7 '590.3 70.0 561.6 73.3 5,615.4 2,674.1 328.0 234.8 *1266 6,061.2 2,890.8 457.8 347.2 472.6 214.8 459.9 348.7 505.9 232.7 445.4 '•338.4 495.5 233.6 437.3 334.4 522.1 2482 457.8 3472 501.7 247.1 473.8 360.8 458.0 222.4 450.0 342.6 521.4 250.0 486.4 3802 500.7 236.9 509.3 402.4 516.0 247.5 509.3 405.6 505.4 2352 518.9 411.1 489.9 225.0 511.5 402.9 493.7 224.5 494.1 3922 476.5 205.8 '477.9 '374.0 4257 334.1 525.1 26.6 *138 602.6 58.1 43.5 101.9 52.0 842 50.2 71.7 462 58.1 45.1 73.9 46.9 84.5 472 86.0 50.6 90.6 46.5 107.1 49.1 109.1 45.1 1102 48.3 111.1 44.0 95.9 122,531 85,714 13.56 125,714 89,998 13.73 9,973 6,729 13.90 10223 7242 13.10 9,998 7,033 12.70 10,467 7,369 11.70 10,663 7,755 11.70 9,948 7,190 11.70 11,097 8,069 11.40 10,906 8,107 13.00 11,228 8,236 11.40 10,573 7,803 11.40 10,472 10,316 '9,926 10,193 11.80 12.30 '12.80 P 175.8 874.7 175.1 876.6 12.2 522 12.5 54.9 11.8 68.7 8.9 812 8.6 82.6 8.3 77.9 8.3 87.6 9.3 95.1 7.1 101.4 8.8 78.6 9.9 69.8 11.6 56.8 11.0 44.5 13.0 49.4 *157.1 11.2 114.6 13.9 115.3 11.6 115.1 11.3 114.8 112 114.6 112 114.6 9.5 95.5 9.8 88.9 10.4 84.4 10.8 74.4 7.0 67.5 6.3 69.8 6.1 68.7 5.6 48.7 .993 .948 .910 .883 .863 .855 .855 .849 .846 .850 .854 .844 .884 .895 .893 Condensed and evaporated milk: Production case goods mil. to Stocks, manufacturers', case goods, end of period, mil. to...... Fluid milk: Production on farms mil to f Utilization in manufactured dairy products, mil. to. Price, wholesale, U.S. average, $ per 100 Ib Dry milk: Production: Dry whole milk, mil to .. Nonfat dry milk (human food), mil. to. Stocks, manufacturers', end of period: Dry whole milk, mil to Nonfat dry milk (human food), mil. to..... ......... Exports, whole and nonfat (human food), thous. metric tons .. Price, manufacturers' average selling, nonfat dry milk (human food), $ per to.. ..; 13.20 GRAIN AND GRAIN PRODUCTS Exports (barley, corn, oats, rye, wheat), mil. bu. (5) Barley: Production (crop estimate), mil. metric tons Stocks (domestic), end of period, total, mil. metric tons On farms mil metric tons Off farms, mil. metric tons Exports, including malt, thous. metric tons § Producer Price Index, No. 2 feed, Minneapolis, 1982=100 2 7 7 7 7 *191.16 7 179.89 7 119 36 7 60.54 *56.66 102.4 Oats: Production (crop estimate), mil metric tons Stocks (domestic), end of period, total, mil. metric tons 2 5 423 1.427 6 870 '.557 *58,387 107.1 6 ..... Rice: Production (crop estimate), mil. metric tons Southern States mills: Receipts, rough, from producers, ml to. ....... Shipments from mills, milled rice, mil. to. Stocks, domestic, rough and cleaned (cleaned basis), end of period, mil. Ib. Exports, thous. metric tons .... . Producer Price Index, medium grain, milled, 1982=100 ...... See footnotes at end of tables. 117.0 101.3 110.2 113.9 107.1 108.7 112.8 9.603 5.933 3.670 "2.948 4 1.067 4 1.881 4.592 2.065 2.527 6.656 3.841 2.816 112.8 110.7 112.3 107.1 94.0 98.6 101.9 113.4 2 201.51 7 17629 7 12380 7 52.49 100.9 176.29 12380 52.49 94.9 90.8 89.9 93.4 25134 tf 2.278 1203 6 1.075 •••: 6 76.1 95.3 93.7 38.63 1756 21.07 • *76.00 5 44 58 •»31.42 121.65 7784 43.80 101.9 102.0 98.4 •• 95.3 902 100.4 97.4 97.1 71.1 74.5 *2.485 <s-| 341 6 ^ 144 • 64.5 68.4 67.6 68.2 63"9 63.4 68.7 69.7 71.6 682 65.5 7476 574 554 629 512 340 519 373 525 289 451 712 514 *7.007 2 12,918 8,061 10,351 6,942 2,401 616 2,150 785 828 557 677 586 641 725 935 595 2,741 *3,024 107.9 2,106 1,618 2276 2,271 2,106 1,857 1,870 1.660 1,618 1,334 1,041 729 719 102.4 97.6 94.0 942 942 96.1 105.8 110.3 113.4 1162 117.1 114.5 108.9 109.5 109.6 64.5 63.0 652 65.9 74,7 71.8 71.8 68.9 61.5 70.3 73.3 83.5 Rye: Production (crop estimate), mil. metric tons Producer Price Index, No. 2, Minneapolis, 1982=100 Wheat: Production (crop estimate), total, mil. metric tons Spring wheat mil metric tons Winter wheat, mil. metric tons Distribution, quarterly, mil. metric tons @ Stocks (domestic), end of period, t o y , mil. metric tons On farms, mil. metric tons Off farms mil metric tons Exports, total, including flour, mil. metric tons Wheat only, mil. bu. 9.119 6.656 3.841 ^2.816 8.800 7.634 4.059 7 3.574 * 1,841.8 117.9 Corn: Production (crop estimate, grain only), mil. metric tons Stocks (domestic), end of period, total, mil. metric tons On farms mil. metric tons Off farms mil. metric tons Exports, including meal and flour, mil. metric tons Producer Price Index, No. 2, Chicago, 1982=100 Exports, including oatmeal, metric tons Producer Price Index, No. 2, Minneapolis, 1982=100 .. 2 2 2 2 .347 69.1 55.43 2 15.84 2 39.59 63.98 7 38.71 7 16.11 7 22.60 *37.87 (5) 7.027 256 66.5 2 74.53 2 19.19 2 55.34 62.17 7 51.93 7 20.77 7 31.16 14.01 51.93 20.77 3116 14.16 37.99 14.50 23.49 14.85 <23.56 "929 4 14.28 55.55 22.53 33.01 SURVEY OF CURRENT1 BUSINESS S-22 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, 1961-88 < Annual 1989 November 1991 1990 Sept | 1990 | Oct.^ 1991 Nov. | Dec. Jan. Mar. Feb. Apr. May | June July | Aug. | Oct Sept FOOD AND KINDRED PRODUCTS; TOBACCO-Continued GRAIN AND GRAIN PRODUCTS-Continued Wheat-Continued Producer Price Indexes: Hard red winter, No. 1, ord. protein (K.C.), 1982=100 Hard red spring, No. 1, ord. protein (Minn.), 1982=100 Wheat flour: Production: Flour, thous. sacks (100 Ib) Millfeed, thous. sh. tons .... Grindings of wheat, thous. bu . Stocks held by mills, end of period, thous sacks (100 Ib.) Exports, thous. metric tons.... Producer Price Index, 6/83=100 80.5 84.1 89.0 92.7 94.0 95.8 100.3 2,210 877 571 .315 '2233 929 626 .310 2,040 '982 '667 .310 960 646 .305 15.6 162 16.1 15.6 16.3 13 14 .634 13 18 .731 10 16 713 13 16 16 17 103 2,785 90 2,650 108 2,784 108 '2,783 115 2,634 7,320 6,948 6,133 6,557 7,098 7,177 21.5 21.0 22.7 23.7 23.8 22.0 '19.8 449 546 436 443 388 431 438 456 109.1 108.7 86.3 91.1 71.8 75.7 71.9 75.3 70.4 73.8 70.1 73.8 65.6 71.5 682 73.7 74.3 77.7 732 79.1 76.4 80.5 752 79.0 69.1 73.0 77.5 79.5 342,762 6,072 761,021 6,288 '1,195.53 110.5 359,639 6255 797,589 8,051 29,909 *515 65,666 7,980 33,678 C 584 74,938 33,640 -579 73,933 29,100 -501 64,326 8,051 '28,443 "520 '66,059 '29,085 '490 '64,502 '27,362 '486 '60,428 '8264 '29,956 '535 '66,522 '30,625 '561 '68,686 '25,849 '469 '58,336 8,429 '27,673 '498 '62,378 30,540 553 68,875 100.2 92.0 912 89.4 89.8 88.7 902 92.0 93.0 94.0 '93.7 90.8 22,144 469 236 .350 23,669 562 306 .310 '1,852 855 624 .325 2,300 862 625 .270 2,054 582 338 265 1,794 562 306 .270 2,108 551 301 .290 1,854 606 339 280 1,895 633 366 .295 2,120 688 406 280 2,191 727 451 .300 2,006 797 503 .305 186.8 188.4 15.4 "16.1 15.9 16.3 16.1 14.7 16.3 15.5 13.1 12 14 .777 15 15 .760 18 17 .754 11 17 .800 16 17 .800 15 15 .831 17 15 .860 9 14 .720 14 14 .858 12 13 .676 15 14 .609 2,100 33,010 1,742 32,391 132 2,553 158 2,877 149 2,622 136 2,380 151 2,808 121 2,407 120 2,443 106 2,673 7,546 7,334 7,140 7,461 6,469 7,044 23.4 25.9 23.2 212 22.0 22.5 422 490 465 449 495 POULTRY AND EGGS Poultry: Slaughter mil Ib Stocks, cold storage (frozen), end of period, total, mil. Ib. Turkeys mil. Ib .. .. . . . . Price, in Georgia producing area, live broilers, $ per Ib. .. 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 animals Cattle thous animals Prices, wholesale: Beef steers (Omaha), $ per 1001b. Steers, stacker and feeder (Kansas City), $ per 100 Ib. Calves, vealers (So. St Paul), dollars Hogs: Slaughter (federally inspected), thous. animals Prices: Wholesale, average, ali weights (Sioux City), $per 100 Ib. Hog-corn price ratio (bu. of corn equal in value to 100 Ib. live hoa) Sheep and lambs: Slaughter (federally inspected), thous. animals Price, wholesale, lambs, avg. (San Angelo, TX), $ per 1001b * 75.75 91.50 72.52 81.45 248.62 86,328 82,901 6,716 55.64 43.91 17.3 22.5 5,295 5,469 19.4 5200 66.06 MEATS Total meats (excluding lard): Production mil. ib . Stocks, cold storage, end of period, mil. Ib. Exports (meats and meat preparations), thous. metric tons Imports (meats and meat preparations), thous. metric tons Beef and veal: Production total mil Ib Stocks, cold storage, end of period, mil. Ib. Imports thous metric tons Price, wholesale, beef, fresh steer carcasses, choice (600-700 lbs )fCentral U S V $ Der Ib Lamb and mutton: Production total, mil. Ib. Stocks, cold storage, end of period, mil. Ib. Pork (excluding lard): Production, total, mil. Ib. Stocks, cold storage, end of period, mil. Ib. Exports thous metric tons Imports thous metric tons Prices: Producer Price Index, hams and picnics, except canned, 12/88=100 * Fresh loins, 8-14 Ib. average, wholesale (Omaha), $perlb * 39,418 535 '1,301 '1,110 38,606 566 3,095 507 3,498 537 3,273 535 3,080 566 3,427 585 2,954 590 3,083 602 3,285 645 3,291 613 3,060 599 3,252 590 3,426 576 3,307 '591 627 23,319 256 '568 '682 22,950 306 1,841 249 2,075 273 1,870 283 1,708 306 1,999 308 1,720 277 1,746 283 1,895 272 1,971 241 1,894 254 2,018 279 2,099 265 1,963 '282 302 342 357 8 27 9 32 8 30 30 8 33 9 30 10 36 8 29 7 30 25 2( 27 6 29 15,757 256 '152 '358 15,299 234 1,228 226 1,392 232 1,373 221 1,342 234 1,396 248 1,204 281 i,301 289 1,361 341 1291 333 1,140 312 1,207 278 1,299 282 1,315 '281 299 99.7 118.6 123.0 130.4 131.9 129.5 114.4 117.7 116.7 111.8 110.7 '1132 114.3 115.6 113.9 1162 356 350 314 290 275 308 343 349 1.078 6 12163 1.0111 MISCELLANEOUS FOOD PRODUCTS Cocoa (cacao) beans, imports (including shells), thous. metric tons Coffee: Imports total metric tons From Brazil, metric tons U S ImDOrt Price Index 1985=100 Fish: Stocks, cold storage, end of period, mil. Ib. See footnotes at end o! tables. '266.1 '1,162,920 '249,295 692 59.3 63.1 430 343 369 571 342 267 532 54.9 577 312 SURVEY OF CURRENT1 BUSINESS November 1991 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, Annual 1989 1961-88 S-23 1991 1990 1990 Sept Oct. | Nov. | Dec. Jan. Feb. Mar. Apr. May June Aug. July | Sept | Oct FOOD AND KINDRED PRODUCTS; TOBACCO-Continued MISCELLANEOUS FOOD PRODUCTS-Continued Sugar: 119.3 123.1 1,607 3,674 3"463 178,742 523,094 2533 12,778 43,267 195 117.9 122.4 115.6 123.1 3,674 III Tea imports metric tons 1195 122.7 115.5 1185 „.... iii '412,044 '1,542 i i i Imports, raw and refined, thous. metric tons Producer Price Indexes: Raw (cane) 1982*100 Refined, 1982=100 19,419 44,009 191 18,791 45,562 210 17,672 34,134 158 21,007 34,514 152 119.8 123.0 119.5 122.7 113.1 1235 113.3 122.9 113.1 122.0 112.8 121.3 '113.5 "121.3 114.0 121.3 112.6 121.4 114.4 121.4 1145 1215 '85,257 i i : : i i i 14542 49566 169 13,328 45,849 219 173.7 172.6 172.1 172.7 "171.7 i i : : i i : : 12,793 40,106 175 i i : : 14,689 47,061 163 i i : : 16,652 39,407 145 i i : : i i : : i i : : = III i : i j 147,495 561,021 2,365 '41,755 3,075 3,458 i : i i Taxable millions Cigars (large), taxable, millions Exports cigarettes millions i : i } Manufactured products: Consumption (withdrawals): Cigarettes (small): Tax-exempt millions 1 1 1,367 3,803 '224,382 '180,286 III Leaf: Production (crop 6Stinidt@) /n// It) Stocks, dealers' and manufacturers', end of period, mil. Ib. .... Exports, incl. scrap and stems, metric tons Imports, ind. scrap and stems, metric tons Ml I jI TOBACCO LEATHER AND PRODUCTS LEATHER upper and lining leather thous sq ft Producer Price Index, leather, 1982=100 170.4 177.6 176.5 175.4 210,490 201,648 16,531 18,221 174.9 174.7 174.3 167.3 1657 '1635 162.0 141.4 1245 '116.9 138.4 124.3 116.9 141.7 124.8 116.9 141.7 124.8 116.9 140.8 124.8 116.9 3,762 "3,664 3,753 LEATHER MANUFACTURES Footwear: Production total thous pairs Shoes, sandals, and play shoes, except athletic, thous. pairs Slippers, thous. pairs Athletic, thous. pairs Other footwear thous pairs Producer Price Indexes: Men's leather upper, dress and casual, 1982=100 Women's leather upper, 1982=100 Women's plastic upper 1982-100 57,534 41,184 3,680 3,405 11,319 3,616 1,640 309 127.5 1165 110.0 135.8 120.9 113.4 135.7 121.4 113.9 R 137.3 121.7 113.9 15,359 12,596 "tf47,602 38,684 10,381 3508 1,770 261 8,808 1,946 1,842 291 "*28,436 -'9,473 "'4,047 "*895 34,082 6,177 4,071 602 137.3 121.9 110.9 138.0 121.9 110.7 138.3 121.3 110.7 140.3 122.3 110.7 140.3 123.8 113.4 141.0 124.0 113.6 141.4 124.1 115.6 3,410 3,661 3,958 3,837 LUMBER AND PRODUCTS LUMBER-ALL TYPES # [Millions of board feet, unless otherwise indicated} National Forest Products Association: Production total Hardwoods Softwoods 2 2 2 2 Shipments, total Hardwoods Softwoods 2 2 Stocks (gross), mill, end of period, total Hardwoods Softwoods Exports, total sawmill products Imports, total sawmill products, thous cubic meters 58,749 10,869 47,880 2 49,003 11,347 37,656 2 4,898 2 2 2 54,638 2 9,480 45,159 886 961 857 736 851 810 838 880 916 803 846 863 2,716 3,054 2,555 2,178 2,683 2,600 2,823 3,078 2,921 2,959 "2,818 2,890 46,083 10,102 35,981 3,357 2,873 3,617 4,037 4,028 3,764 "3,412 3,868 794 846 789 624 755 711 791 855 876 761 775 890 2,659 3,044 2,568 2,249 2,485 2,590 2,826 3,182 3,152 3,003 "2,637 2,978 4,734 4,810 4,834 4,809 4,734 4,925 4,949 4,946 4,849 4,600 4,699 4,684 4,793 8,749 673 431 704 714 820 596 432 590 595 815 547 452 484 527 772 613 437 671 628 815 643 434 656 646 825 829 556 722 707 840 865 607 803 814 829 797 586 737 818 748 680 532 700 734 714 579 475 673 636 751 709 443 707 741 717 695 445 678 693 702 126.8 125.3 127.8 129.4 128.0 125.7 129.9 144.4 '167.0 166.0 130.7 131.1 3,602 3,453 4,015 3,890 3,412 2,914 3,534 3540 3,301 Ill '64,355 SOFTWOODS [Millions of board feet, unless otherwise indicated} Douglas fir: Orders, new Orders, unfilled, end of period Production Shipments Stocks (gross), mill, end of period Exports total sawmill products thous cubic meters Sawed timber, thous. cubic meters Boards, planks, scantlings, etc., thous. cubic meters Producer Price Index, Douglas fir, dressed, 1982=100 See footnotes at end of tables. 501 452 9620 9687 8751 8798 809 772 713 472 663 662 830 '2781 '335 '2,450 151.6 138.0 136.1 9,552 140.6 SURVEY OF CURRENT1 BUSINESS S-24 Annual Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, 1989 1961-88 November 1991 1990 1990 Sept | Oct. 1991 Nov. Dec. Jan. | Feb. Mar. Apr. | May | June July Aug. | Sept Oct LUMBER AND PRODUCTS-Continued SOFTWOODS-Continued [Millions of board feet, unless otherwise indicated] Southern pine: Orders, new Orders, unfilled, end of period . Production Shipments Stocks (gross), mill and concentration yards, end of period . Exports, total sawmill products, cubic meters Producer Price Index, southern pine, dressed, 1982=100 .... Western pine: Orders, new Orders, unfilled, end of period Production Shipments Stocks (gross), mill, end of period Producer Price Index, other softwood, dressed, 1982=100 1 2,197 979 677 924 961 2,219 1,147 756 1,024 1,065 2,177 1,059 696 1,102 1,124 2,164 1275 821 1,071 1,146 2,080 1,123 1,101 2,090 641 ' 1,021 '950 1,973 1,036 2,122 104.7 102.8 103.9 100.3 103.6 110.0 110.8 '122.5 125.1 1122 712 454 752 768 1263 119.8 483 611 663 1,211 119.0 701 472 764 712 1,263 119.6 711 470 742 713 1292 119.5 835 548 788 757 1,323 916 582 550 835 1,290 125.6 1,226 '142.6 772 545 848 777 1,304 122.3 933 649 826 866 1250 131.5 92 152 8.3 142 10.0 8.2 14.3 122 8.1 15.1 11.4 9.5 18.7 10.0 9.7 17.1 9.8 10.7 16.4 11.1 368 595 862 1 '12,567 2,049 643 990 901 2,111 1,181 687 1,147 1,136 2,135 2,143 108.0 111.0 110.5 104.0 11,143 506 11,229 11,174 1,402 127.1 10,582 483 10,452 10,605 1,211 126.3 775 503 759 779 1,271 872 510 873 865 1,279 125.5 120.9 9.5 206.5 8.3 205.3 10.0 11.9 18.7 7.9 82 17.1 9.3 '12,544 1,206,526 1,056 666 665 950 892 2242 '12,827 697 '12,911 '12,763 2,197 '12,366 633 653 947 929 867 815 529 109.5 108.9 873 544 876 858 1,321 147.7 914 915 1,303 1332 9.8 17.9 10.9 11.0 13.8 10.1 11.5 17.3 9.9 13.1 18.0 8.9 1252 (3) 772 1,260 2 627 857 2 495 723 1 606 585 2 1,571 83 1,367 102 11 1,080 89 15 1,395 114 30 1,032 101 39 1,152 105 25 85.81 88.79 90.22 130:0 129.3 HARDWOOD FLOORING [Millions of board feet] Oak: Orders, unfilled, end of period Shipments Stocks (gross), mill, end of period 7.6 METALS AND MANUFACTURES IRON AND STEEL [Thousands of short tons] Exports: Steel mill products Scrap Pig iron Imports: Steel mill products Scrap Iron and Steel Scrap [Thousands of metric tons, unless otherwise indicated] Production ........ Receipts, net ... Consumption .... Stocks, end of period Composite price, No. 1 heavy melting scrap: American Metal Market, $ per metric ton Ore [Thousands of metric tons] Iron ore (operations in all U.S. districts): Mine production Shipments from mines U.S. and foreign ores and ore agglomerates: Receipts at iron and steel plants Consumption at iron and steet plants Exports (domestic) Stocks, total, end of period At mines At furnace yards At U.S. docks . Manganese (manganese content), general imports Pig Iron and Iron Products [Thousands of short tons, unless otherwise indicated] Pig iron: Production (including production of ferroalloys) Consumption, thous. metric tons Stocks, end of period, thous. metric tons Castings, gray and ductile iron: Shipments, total For sale Castings, malleable iron: Shipments, total For sale See footnotes at end of tables. 4,578 13,305 12 4,303 12,765 18 344 792 2 425 1232 1 17,321 1,120 17,162 1,424 383 1,381 88 20 1,513 170 31 23,014 41,671 65,507 4,213 23,083 39,624 63,705 1,943 3,266 5259 3,784 105.61 105.46 58,299 19,596 412 826 1 439 732 1 851 1 863 1 1,598 162 52 1,552 160 28 1,655 81 56 1,291 92 70 1231 87 48 1,940 3,454 5,340 3,789 1,821 3251 5,050 3,978 1,636 2828 4,614 3,989 1,801 2,974 4,947 1,599 2,804 4,458 3,978 2,991 4,679 4,102 1,701 '3,037 '4,795 4,036 1,674 2,992 4,714 4,036 110.81 108.88 105.63 103.17 103.06 100.74 9723 96.24 9328 87.56 55,468 55266 18,054 4,235 5,053 1,848 4,069 5,140 2,010 3,677 4,540 2,075 4,646 5,452 1,350 4,451 2269 4274 1,585 397 4,135 1,897 503 4,754 5264 834 4,846 5,678 1,485 5,070 5,548 71,156 73,059 5,365 22,476 4,575 15,730 2,171 73,797 73,681 3,199 22,978 4,795 15,910 2,273 7,080 6200 21 22268 7,461 12,929 1,878 7,521 6,353 6,923 6,075 6,347 5,436 24 22,978 4,795 15,910 2273 3220 5,296 6,380 5,083 541 21,756 10,078 10,067 1,611 6,765 5.514 6,617 5,564 21,316 11,421 8,493 1,402 4,830 401 20,757 10,910 8,749 1,098 6,624 4,971 11 22,572 6,493 13,820 2259 1,831 4,475 2 22,218 9,182 11,174 1,862 5,096 151 22,042 5,535 14,969 1,538 2,615 5296 85 22,027 6,398 14,116 1,513 23,174 9,604 11,732 1,838 13,044 1,765 14,098 1,926 55,873 51,106 54,925 50,019 130 4,629 4200 180 4,673 4,305 176 4,523 4,120 165 4264 3,807 130 4,077 3,808 149 3,470 3,354 125 4,04; 3,867 129 3,830 3,573 134 3,885 3,612 152 3,830 4,179 4,121 275 7,490 5,323 283 129 486 4,175 4251 SURVEY OF CURRENT1 BUSINESS November 1991 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, 1961-88 Annual 1989 S-25 1991 1990 1990 Sept | Oct. | Nov. | Dec. Jan. Feb. May Mar. June| July 1 Aug. Sept Oct METALS AND MANUFACTURES-Continued Steel, Raw and Semifinished [Thousands of short tons, unless otherwise specified} Steel (raw): Production *. Rate of capability utilization, percent Steel castings: Shipments, total For sale, total 1 97,943 84.5 8,094 84.6 8,424 85.1 8,021 83.8 7,422 75.0 7,577 74.6 6,786 6,705 73.1 7,283 71.7 550 470 551 52 1,051 586 349 112 398 67 292 2,608 917 527 452 548 7,089 72.5 7,076 70.0 6,450 6,762 550 465 590 52 1,111 603 392 111 411 82 342 2,846 974 922 595 469 618 41 1,110 572 425 110 428 77 365 3,059 1,113 7,017 71.7 7,338 74.8 7,386 75.2 7,457 78.5 6,420 6,954 6,747 584 479 565 21 1,097 560 434 99 332 75 350 2,918 1,074 906 642 520 568 21 1,154 593 444 112 402 79 359 3,208 1,162 982 550 486 ; 543 17 1,162 594 450 115 1,137 1,122 ...... J.1I........1I Steel Mill Products [Thousands of short tons) Steel products, net shipments: Total (all grades) By oroduct: Semifinished products Structural shapes (heavy), steel piling Plates Rails and accessories Bars and tool steel total Bars: Hot rolled (including tight shapes) BEITS? RBinforcino ,**•« *#•.•»*.,».... * Bars: Cold finished Pipe and tubing Wire-drawn and/or rolled Tin mill products Sheets and strip (including electrical, total Sheets: Hot rolled Sheets: Cold rolled By market (quarterly): Service centers and distributors Construction, incl. maintenance wOntractors products •.«•«•..«..•.•...•..««..«..•.•.••«..«..*••.«.«.........«...« Automotive nail iransponauon Machinery, industrial equipment, tools Containers, packaging, ship, materials Other .. [Millions of short tons] Producing steel mills, inventory, end of period: Total Steel in process Finished steel Steel service centers (warehouses), inventory, end of period 98,015 84.0 84,100 84,981 7,643 6,937 6,187 6,236 5,355 7,384 562 14,171 7,617 5,015 1,472 4,011 1,002 4,126 41^61 12,898 13,854 6,313 6,093 7,945 519 14,727 7,878 5,305 1,486 4,652 918 4,032 39,784 13,388 13,199 548 532 660 46 1,314 739 438 132 452 79 360 3,653 1,197 1,218 546 446 474 18,185 6,861 2,863 11,180 1,096 2,162 4,458 37,488 18,250 7,391 2,793 10,444 901 2,104 4,474 38,378 490 1,135 9,511 13.0 7.9 5.1 6.9 14.0 8.1 5.9 6.7 13,8 82 5.6 6.5 13.5 7.9 5.6 6.4 13.7 7.9 5.8 6.5 14.0 8.1 5.9 6.7 13.6 7.9 5.7 6.7 13.7 7.9 5.8 6.9 13.8 82 5.6 6.6 13.8 8.4 5.4 6.4 13.5 82 5.3 62 4,030 2.054 4,048 2,393 332 160 347 172 337 155 347 152 174 317 155 352 180 340 196 •»923.0 '340.4 959.6 340.3 76.4 28.3 30.9 58.7 30.6 23.1 79.5 23.9 79.4 23.3 84.3 23.2 593 4462 .8784 679.8 437.7 .7404 53.6 36.7 .8805 39.7 .8223 622 33.8 .7252 76.0 24.9 .6975 61.1 34.8 .6875 54.8 35.5 .6813 46.7 38.1 15,468 12,304 7,612 2,200 14,757 11,960 7,514 1,224 979 621 1,247 1,031 647 1,098 909 576 1,120 844 574 1,179 941 1,086 877 561 1,221 940 618 1211 4,016 4,013 4,040 4,119 4,013 4,068 4,169 4,256 4,212 1,497.8 1,476.8 1,5872 1,576.6 136.9 126.8 141.9 140.1 139.9 132.3 136.1 134.8 132.1 131.0 126.6 123.9 137.9 128.7 1292 123.3 1,164.9 1,183.2 93.8 1055 100.5 101.6 101.8 94.2 98.6 92.8 311.9 479.9 393.5 440.7 33.1 29.9 34.5 34.3 31.7 31.8 33.2 32.0 29.2 34.8 29.7 28.7 30.1 36.9 38.0 457.7 3 300.1 467.0 263.6 31.4 21.4 31.6 18.4 46.0 20.8 27.1 16.7 38.4 22.7 39.5 27.1 27.9 21.7 44.7 30.9 211.3 2,143 101 12316 53.6 22.4 179 78 1.3422 51.0 21.5 184 74 1.3018 40.9 17.2 164 88 1.1976 19.8 147 101 1.1561 67.6 33.6 175 106 1.1461 52.0 21.4 145 111 1.1501 75.3 37.4 172 108 1.1395 402 16.8 163 106 1.1313 517 630 35 1,232 692 420 116 373 71 321 3229 1,080 1,049 1.199 1,006 562 506 675 44 1,107 660 317 125 414 51 406 2,813 1,018 952 3,105 1,151 398 114 62 315 3,212 1,068 4,627 ffi 2 2 3222 1,141 1,003 2 M13 2 366 3,064 1,534 '614 2 202 2 832 2 56 2 134 2 369 2 3214 13.4 8.2 5.2 6.1 13.6 8.4 52 5.9 132 7.9 5.3 5.7 353 186 343 191 354 199 350 203 190 882 202 85.1 20.7 75.9 20.9 97.3 20.8 82.8 44.8 56.4 48.4 71.3 48.1 .5775 44.9 .5896 80.1 55.4 .5766 .5575 4218 1,711 547 2,379 214 425 1,130 9,235 4,091 1,629 539 2,047 261 481 1,009 8,701 4,424 1,836 703 2,337 203 467 1,183 9,594 1 979 540 329 107 424 75 298 2,605 986 791 647 421 583 32 1,077 549 420 104 383 73 336 3,071 1,145 924 1,403 *528 *206 2 1,476 2 563 2 193 2 892 2 45 2 134 2 353 2 3,090 NONFERROUS METALS AND PRODUCTS [Thousands of metric tons, unless otherwise specified] Aluminum: Production, primary (dom. and foreign ores) : Recovery from scrap Imports: Metal and alloys, crude Plates, sheets, bars, etc Exports: Metal and alloys, crude Plates, sheets, bars, etc .. .......;...... Price, U.S. market, 99.7% purity, monthly average, $ per to.. Aluminum products: Shipments: Ingot and mill prod, (net ship.), mil. to. Mill products, total, mil. to. , Sheet and plate, mil. to. .... CdstinQSf /n//# lu.« .....*,....;*».....* *..,.. *.*.....*....... Inventories, total (ingot, mill products, and scrap), end of period, mil. to. Production: Mine, recoverable copper Refined from primary materials Electronically refined: From domestic ores @ .... From foreign ores ........... Electrowon Refined from scrap .....; ; ...... Imports, unmanufactured: Refined, unrefined, scrap (copper com.) Refined * Exports: Refined and scrap Refined ....;. Consumption, refined reported by mills, etc.) Stocks, refined, end of period Price, avg. U.S. producer cathode, delivered, $perto.§ . See footnotes at end of tables. J J 3 565.6 •M302 2,203 107 1.3094 1,295 1,030 1271 995 r 1,376 r 1,357 1,035 4,135 4,046 -3,988 3,942 1,029 '673 7,711 78.0 SURVEY OF CURRENT1 BUSINESS S-26 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, 1961-88 Annual 1989 | November 1991 1991 1990 Sept 1990 Oct. Nov. Dec. Jan. | Feb. j Mar. Apr. May June | Ji ly | Aug. Sept Oct METALS AND MANUFACTURES-Continued NONFERROUS METALS AND PRODUCTS-Contlnued [Thousands of metric tons, unless otherwise specified] Copper-base mill and foundry products, shipments (quarterly Brass mill products, mil. Ib. Copper wire mill products (copper content), mil. to. Brass and bronze foundry products, mil. Ib. Lead: Production: Mine, recoverable lead Recovered from scrap (lead content) Imports, ore (lead content) Consumption, total Stocks, end of period: Producers', ore, base bullion, and in process (lead content, ABMS Refiners' (primary), refined and antimonial (lead content) .. Consumers' (lead content) 0 Scrap (lead-base, purchased), all smelters (gross weight) . Price, common grade, delivered, $perlb. @@ Tin: Imports (for consumption): Ore (tin content), metric tons Metal, unwrought, unalloyed, metric tons Recovery from scrap, total (tin content), metric tons As metal, metric tons Consumption, total, metric tons Primary, metric tons Exports (metal), metric tons Stocks, pig (industrial), end of period, metric tons Price, Straits quality (delivered), $perlb. Zinc: Mine prod., recoverable zinc Imports: Ores (zinc content) Metal (slab, blocks) Consumption (recoverable zinc content): Ores Scrac all tvDes Slab zinc: * ^ Production, total $ Consumption, fabricators Exports Stocks, end of period: Producers', at smelter (ABMS) Consumers' Price, high grade, $ per to. 47.5 69.8 7.6 12.8 .3260 73.6 16.2 '43.1 "112 .3203 74.3 15.4 38.0 12.7 .3279 1,946 554 2,554 478 2,006 558 2,830 -373 4,100 3,100 11 6,688 3.6075 4,300 3,200 111 6,177 3.6204 4,100 3,100 129 5,993 3.6834 4200 3,200 145 5,991 3.6895 3,900 3,000 129 -6,348 3.6707 3.6506 41.9 43.8 45.5 49.4 36.9 43.0 47.5 1.0 41.9 1.1 37.0 1.4 39.8 8.1 35.7 10.4 36.0 4.5 39.9 21.1 2 21.1 2 21.1 2 21.1 .2 21.1 2 21.1 21.1 17.3 80.0 15.0 16.9 65.9 .4 15.8 67.8 .4 2 21.1 17.7 68.3 .7 15.6 -68.8 .8 16.4 73.6 13.6 78.0 8.5 40.6 .5611 3.9 43.7 .5763 4.7 43.0 .4984 4.2 39.3 .4840 3.6 38.1 .486; 2.9 35.5 .4836 37.8 72.0 7.7 101.3 43.5 72.0 101.3 41.6 71.0 4.6 1012 53.9 25.5 62.8 20.1 .3852 60.3 24.2 62.0 15.8 .3452 63.7 24.3 53.5 13.5 .3323 61.0 27.0 52.9 11.3 .3334 59.4 21.3 49.4 122 .3330 65.9 17.5 2,786 594 2,280 439 2,403 560 2,934 1,601 585 4,100 3,100 22 4,762 3.9932 4,200 3,100 10 4,819 3.9440 3,900 2,900 52 4,100 4,829 3.7321 44.7 42.7 40.4 43.6 6,337 3.6822 45.5 3,900 2,900 60 6,677 3.6488 9.1 49.4 4.8 472 4.0 46.5 1.6 40.9 8.0 50.0 2.4 250.3 2 21.1 2 21.1 .2 21.1 2 21.1 205.3 1 1,060.0 *80 207.8 - 991.0 5.8 16.0 73.0 .5 17.9 86.0 .6 16.0 73.0 .5 17.2 67.1 2 4.7 60.3 .8206 4.6 41.6 .7459 5.3 46.1 .7777 4.5 41.7 .6754 4.7 41.7 .6294 4.6 41.6 .6209 84. 138.1 433.0 89.6 140.3 155.0 20.4 85.6 36.8 71.0 42.2 77.5 37.4 72.3 35.5 77.3 41.5 79.0 '12752 104.6 109.0 104.3 97.3 53.9 25.5 62.8 20.1 .4602 61.8 20.6 63.9 24.2 .4947 52.3 23.7 62.6 24.9 .4616 55.7 22.8 60.4 22.3 .4275 33,810 17275 186 2,491 580 4,090 600 46,371 39,000 -»904 6,072 5.2018 44,363 36,900 658 4,829 3.8629 4,100 3,000 36 3,449 3.8019 '275.9 '515.4 46.7 631.7 2.1 251.7 73.5 15.6 82.7 17.4 3 33.988 1 15,213 '569 7 41.1 70.0 36.4 -70.7 112 '92.4 41.1 74.4 7.8 105.3 '474.0 1 923.0 98.4 '410.9 '808.6 3 120.8 "8 3.9 41.5 '.5808 69.0 .4 5.3 412 98.4 101.6 75.7 9.1 35.1 13.4 .3286 73.1 74.5 .3462 458 15 4,100 3,100 6$1 3.6076 -15.8 17.5 -3.7 3.7 •"4978 MACHINERY AND EQUIPMENT [Millions of dollars, unless otherwise specified} Industrial heating equipment, new orders (domestic), qtrly # Electric processing heating equipment Fuel-fired processing heating equipment Materials handling equipment, dollar value bookings index, 1982=1001 ..!....„...... 1 Industrial supplies, machinery, and equipment: New orders index, seas, adj., 1987=100 @ Industrial suppliers distribution: Sales index, seas, adjusted, 1977=100 Inflation index, not seas. adj. (tools, material handling equipment, valves/fittings, abrasives, fasteners, metal products, etc.), 1977=100 Fluid power products shipments indexes: Hydraulic products, 1985=100 Pneumatic products, 1985=100 Machine.tools: Metal cutting type tools: Orders, new (net), total Domestic Shipments, total Domestic Order backlog, end of period Metal forming type tools: Orders, new (net), total Domestic Shipments, total Domestic Order backlog, end of period See footnotes at end of tables. 82.4 14.7 28.4 129.6 30J 47.1 88.5 22.3 16.4 155.6 131.9 120.0 1302 121.4 118.5 127; 121.3 135.; 122.5 140.2 114.8 117.4 121.1 123.8 118.8 114.0 112.9 104.9 107.0 107.4 107.0 104.1 108.3 109.8 107.6 109.7 183.6 200.5 213.3 205.7 2032 185.3 203.4 218.7 203.3 208.5 216.8 190.8 213.9 216.1 220.5 182.0 189.4 190.2 190.; 191.1 191.8 193.0 193. 194.4 195.2 195.6 195.7 144 133 138 131 133 123 141 141 123 130 114 118 131 128 124 129 130 140 132 138 123 137 120 127 112 120 116 128 1,976.35 1,722.80 2,358.60 2,05920 1,423.3 2,070.30 1,771.95 2,329.60 2,004.45 1,164.0 209.15 190.75 189.95 168.30 1,304.3 182.40 166.05 188.80 164.90 1297.9 136.65 113.10 18220 160.60 1,252.- 178.10 151.10 266.45 209.95 1,164.0 130.05 10720 110.80 9325 1,1832 186.25 113.80 133.15 109.45 1,236.4 153.55 12720 173.85 148.75 1,216.0 136.45 109.95 145.35 126.55 1,207.2 109.60 96.45 173.85 15725 1,142.9 130.95 87.70 142.60 104.30 1,1312 145.60 12325 149.40 137.35 1,127.4 831.60 719.05 837.00 704.15 380.3 894.40 760.55 970.30 851.10 304.4 55.20 45.90 108.95 94.30 269.2 85.70 68.10 64.95 57.20 289.9 66.10 48.15 8525 63.40 270.8 117.70 10225 84.05 7720 304.4 59.80 71.75 61.00 302.4 58.90 51.30 69.00 58.80 292.4 51.90 31.45 103.00 86.05 241 5725 37.30 61.70 47.05 236.8 43.40 35.05 58.00 44.60 222.2 41.95 25.05 69.55 47.15 194.6 47.65 26.90 63.40 35.00 178.8 197.6 196.3 126 126.40 -174.05 117.30 -150.25 137.35 -166.80 121.85 -140.90 1,116.5 -1,123.8 109.35 87.05 46.00 30.75 2422 70.75 56.30 49.90 36.05 263.0 156.55 134.60 146.85 1,111.5 51.35 58.45 48.35 273.4 SURVEY OF CURRENT"BUSINESS November 1991 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, 1989 1961-88 | S-27 i«I90 Annual 1990 Sept Oct. | | 1991 Mov - Dec. Jan. | Feb. j Mar. Apr. | May Aug. | | Sepl | OCL METALS AND MANUFACTURES-Continued MACHINERY AND EQUIPMENT-Contlnued Tractors used in construction, shipments, qtrly: Tracklaying (ex. shovel loaders) units . . ''10000 ''1163.7 '4,237 '366.2 "60277 "2212.0 Wheel (contractors' off-highway), units Shovel loaders, units Shovel loaders, mil. $ 3 1J 0730 4,058 •••• 3 3490 57,766 1,959,6 • 3 3 ELECTRICAL EQUIPMENT [Thousands] Batteries (auto-tvoe reDlacementV shiDments Radio sets, production, total market' tt Television sets (inct. combination models), production, total market $$ Household major appliances, industry shipments # Air conditioners (room) Disposers (food waste) Microwave ovens/ranges Ranges Refngerators Freezers Washers Dryers, including gas Vacuum cleaners (qtny!) ......... 64,433 '25,254 65,187 21,585 6,477 2,723 6,692 2,923 6505 2,075 5,366 1,438 5,163 1,376 4,079 1.345 4,063 1298 4,700 1,356 4,932 1,186 5265 1,261 5,541 1,542 6,545 1,682 6,962 2,125 24,859 '46,567 '5,091 '3,668 4,363 '10,598 '3,048 '7,099 '1219 '6252 '4,574 11,373 21,779 42,739 4,150 3,637 4,137 8,126 2,989 7,101 1,296 6,192 4,320 10,963 2,199 3,390 54 303 419 676 286 626 123 518 359 3,035 1,772 '3,550 2 345 347 899 '318 590 101 535 392 1,658 2,985 10 280 265 792 253 494 97 446 339 1,753 2,837 82 276 262 688 228 451 100 417 319 2,513 1,318 3,362 159 322 362 666 268 483 95 555 418 1,454 2,984 185 255 309 565 236 434 75 486 344 1,761 3,524 496 278 362 511 277 533 100 507 344 2,850 1,267 3,605 532 305 282 471 278 606 114 519 344 "1,235 3,720 613 288 306 509 264 664 109 490 319 1,397 3,944 447 304 360 543 275 787 142 546 351 2,405 1,245 3,384 171 287 294 507 263 774 154 511 347 1,569 3247 63 301 355 548 273 673 138 525 345 2,249 3,324 12 286 459 610 280 666 137 513 351 3,095 1,846 3,515 22 342 312 739 319 648 118 593 418 2,162 2,167 4,130 1,950 2,167 3,906 220 '212 287 216 '230 378 192 186 315 153 167 372 150 190 347 128 159 318 126 193 332 120 194 346 110 188 319 162 203 315 157 178 301 196 189 '295 238 211 302 245 GAS EQUIPMENT (RESIDENTIAL) [Thousands] Furnaces, warm air, shipments Ranges, total, shipments Water heaters (storage), automatic, shipments PETROLEUM, COAL, AND PRODUCTS COAL [Thousands of short tons, unless otherwise specified] Anthracite: Production Exports, thous. metric tons Producer Price Index, 1962=100 Bituminous and lignite: Production Consumption, total Electric power utilities Industrial, total ." Coke plants (oven and beehive) Residential and commercial Stocks, end of period, total Electric power utilities Industrial, total ...•• Oven-coke plants Exports excluding lignite, thous. metric tons Producer Price Index, 1982=100 r 3,506 307 '346 '302 '179 210 206 220 221 216 226 193 238 217 248 105.5 104.5 105.3 106.8 106.8 106.8 1066 106.6 105.4 105.0 105.0 105.0 104.7 104.7 105.1 980,729 '1,025,569 894,556 890,559 766,888 771,678 116,154 117,503 39,824 41369 6,724 6,167 167208 146087 135,860 155,163 12,045 10,227 3,329 2,864 2 95,984 91,458 97.3 95.4 82,813 76,469 66,727 9,332 3576 409 160739 149,013 11,727 3,124 9288 97.4 93,078 74,982 64264 10,303 3,450 413 167,023 155,191 11,832 3,192 7,943 98.1 '86,461 71,729 60,916 10,189 3,351 624 171,834 159,895 11,938 3,260 8,728 98.7 '75,487 79,247 68,335 9,852 3,139 1,059 167208 155,163 12,045 3,329 7,088 97.8 86,058 81,734 71,190 9,682 3031 862 160224 148,736 11,488 3262 5,637 98.4 82,835 68,309 58,443 9261 2566 605 163133 152202 10,931 3,196 7,373 98.1 85,271 69,321 59,195 9,586 2985 541 167406 157,031 10,375 3,130 7237 97.4 81,311 81,816 78,764 81,578 90,999 83,583 90,193 55,483 61,298 162,804 165,483 6,275 97.2 9,088 97.1 '97.9 98.0 97.0 96.6 95.8 33015 39 533 28948 40332 7003 3306 3366 3351 7132 3502 3518 3056 5967 3276 3303 3527 3404 3537 3575 1 919 1,703 216 1,720 2 1 043 1 918 1,674 244 1,436 1 840 1,649 191 1,450 1,430 1,509 1 918 1,674 244 1,436 1,426 1,680 2093 1JB31 263 1791 1,646 1,674 1,742 1,680 1,638 56.3 4959.7 86 70.9 4,9813 87 91.0 4289 91 118.0 405.4 84 97.3 395.6 84 79.3 401.8 83 87.9 4008 83 64.2 3701 84 54.1 4044 83 56.3 3984 85 58.8 4256 87 562 423.7 90 59.3 432.1 89 60.4 433.7 89 60.2 66.! 3,519 *677 103.4 r • COKE [Thousands of short tons, unless otherwise specified] Production: Beehive and oven (byproduct) Petroleum coke § .... Stocks, end of period: Oven-coke plants total At furnace plants At merchant plants Petroleum coke Exports thou metric tons PETROLEUM AND PRODUCTS (Millions of barrels, unless otherwise specified] Crude petroleum: Producer Price Index, 1982=100 Gross input to crude oil distillation units Refinery operating ratio, % of capacity All oils, supply, demand, and stocks: New supply, total 0 Production: Crude petroleum . Imports: Crude and unfinished oils Change in stocks, all oils Product demand total . . . . . Exports: Crude petroleum Refined products See footnotes at end of tables. 6,304.7 6,208.7 487.5 496.5 484.7 479.1 5022 453.0 489.0 497.4 545.9 514.6 568.7 545.4 2,778.8 586.1 2,684.7 598.3 216.7 50.0 233.8 54.5 221.6 53.0 227.5 52.1 230.0 532 211.4 50.6 231.9 54.1 224.0 522 228.4 542 218.5 50.8 277.1 52.5 225.4 56.7 2,283.7 6562 -15.8 66349 2,325.1 600.8 39.2 6512.9 183.5 37.3 30.8 5207 172.8 35.4 16.5 554.3 171.0 39.0 -9.3 533.3 155.7 43.8 39.2 548.1 180.1 38.9 -36.8 5605 163.6 28.0 -12.3 4963 169.2 33.9 -15.6 5283 177.8 43.3 18.7 5052 215.2 482 50.3 534 6 1992 46.1 5.6 530.5 201.4 37.7 36.1 554.0 2202 47.0 11.0 557.1 517 259.5 397 272.4 20 23.3 3.2 26.1 4.1 28.4 5.0 31.7 16 35.6 43 36.1 42 25.0 49 172 51 30.5 2.4 25.3 43 25.5 17 24.3 SURVEY OF CURRENT1 BUSINESS S-28 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, 1961-88 Annual 1989 | November 1991 1991 1990 Oct. 1990 | Nov. | Dec. Jan. Fab. Mar. | Apr. May | June July | Aug. Sept | Oct. PETROLEUM, COAL, AND PRODUCTS-Continued PETROLEUM AND PRODUCTS-Continued [Millions of barrels, unless otherwise specified] All oils, supply, demand, and stocks—Continued Domestic product demand, total* Gasoline Kerosene Distillate fuel oil .... Residual fuel oil jet fuel Lubricants Asphalt Liquefied petroleum gases Stocks, end of period, total Crude petroleum Strategic petroleum reserve Unfinished oils, natural gasoline, etc Refined products . Refined petroleum products: Gasoline (incl. aviation): Production Stocks, end of period Prices, regular grade (excl. aviation): Producer Price Index, 1982=100 Retail, U.S. city average (BLS): Leaded, $ per gal. .! Unleaded, $ per gal. Aviation gasoline: Production Stocks, endof'period .....'..'. 6,323.7 2,684.1 30.8 1,1522 500.1 543.6 58.1 165.2 608.9 1,581.4 921.1 579.9 152.0 508.3 6,200.8 2,649.6 15.5 1,102.5 448.5 555.6 59.7 176.3 568.0 1,620.6 908.4 585.7 145.4 566.8 495.4 2082 .9 85.9 30.2 46.0 5.3 21.6 47.0 1,698.2 9322 589.6 163.1 602.9 2,550.7 179.1 2,548.4 182.4 184.6 182.7 455.9 191.1 1.6 84.0 34.7 42.6 3.3 5.1 68.8 1,674.4 935.7 589.4 152.4 586.3 9Z8 28.9 47.3 4.3 12.6 51.0 1,653.9 924.7 586.0 157.6 571.6 523.3 206.4 3.1 104.0 35.1 48.0 4.8 5.3 66.3 1,620.6 908.4 585.7 145.4 566.8 1,586.7 905.8 585.7 1492 531.7 219.0 213.9 181.9 208.9 178.7 214.0 182.4 206.1 500.9 217.8 502.9 224.8 .5 83.5 38.0 44.0 4.6 18.9 43.3 524.2 235.1 .4 82.1 34.6 46.8 5.1 20.3 48.0 531.1 235.4 .6 86.1 37.4 47.3 4.7 21.6 48.5 1,577.6 9072 566.5 157.5 512.9 232.5 .8 84.8 31.3 40.7 4.8 15.0 42.2 1,628.0 927.0 568.5 163.9 537.0 1,633.6 916.1 568.5 161.0 556.5 1,633.9 9.11.0 568.5 1592 563.7 1,645.0 913.8 568.5 15.8 572.8 206.4 174.4 202.8 171.9 219.8 173.7 221.4 178.5 226.7 173.5 225.7 172.8 1.047 1.082 1.062 1.104 1.127 1.140 1.7 1.0 2.1 .8 1.7 4.7 61.1 .8 5.1 58.9 483.1 214.8 1.1 86.1 33.8 40.5 4.5 11.3 42.7 67.1 80.3 95.0 100.3 99.7 90.5 802 .997 1.022 1.149 1.164 1297 1294 1.354 1.378 1.351 1.377 1.335 1.354 1.246 1247 1.137 1.143 9.2 2.1 8.5 1.7 .8 1.8 1.7 .7 1.8 .5 1.7 .6 1.9 5.4 1.9 V.8 .5 1.7 26.9 5.1 57.8 16.3 5.6 75.4 1.6 6.2 87.8 1.5 6.4 108.7 1.6 6.4 107.4 1.6 5.6 942 2.4 5.5 822 1.7 5.0 75.9 .7 42 66.4 1.1 4.3 59.5 4.2 60.7 1,058.0 111.7 105.7 58.4 1,067.5 101.5 132.2 73.5 6.8 136.0 87.3 90.8 5.9 136.3 104.8 87.4 7.1 132.4 98.9 90.4 7.4 1322 89.3 5.9 112.1 82.9 80.3 3.9 101.3 74.3 88.7 6.4 98.3 61.6 84.7 7.7 1022 60.0 90.6 5.7 107.0 59.6 88.2 6.3 113.5 '•57.6 348.1 229.6 43.8 47.6 346.6 183.8 48.6 57.2 27.3 9.4 49.4 61.0 24.8 11.9 49.3 74.5 25.4 11.6 50.1 82. 31.7 15.0 48.6 74.1 31.0 13.1 47.6 68.0 29.4 10.7 44.6 62.8 30.9 10.3 42.9 472 27.5 12.5 44.7 44.3 28.7 13.0 45.8 412 512.1 40.9 5432 52.1 46.5 49.8 50.5 51.1 482 50.5 48.7 52.1 46.7 50.5 43.3 48.0 40.3 44.6 38.6 43.: 61.4 13.8 612 12.4 5.4 11 5.0 10.3 5.5 11.4 5.0 12.4 52 12.5 4.5 13.3 5.0 13.: 154.9 20.6 164.0 18.7 17.9 18.0 15.5 15.5 12.1 15.6 92 18.7 7.7 21.5 9.4 26.4 653.5 451.3 2022 80.2 638.4 4562 1822 53.7 38.5 15.2 125.8 55.0 41.7 132 118.3 51.9 41.4 10,6 52.5 40.3 12.1 97.9 53.2 412 12.0 76.3 Kerosene: Production Stocks, end of period Producer Price Index (light distillate), 1982=100 .... Distillate fuel oii: Production Imports .• Stocks, end of period Producer Price Index (middle distillate), 1982=100 Residual fuel oil: Production imports Stocks, end of period . Producer Price Index, 1982=100 Jet fuel: Production Stocks, end of period Lubricants: Production Stocks, end of period .... Asphalt: Production , Stocks, end of period Liquefied petroleum gases: Production, total At gas processing plants (LP.G.j . At refineries (LR.G.) Stocks (at plants and refineries) 1,574.5 912.8 581.6 153.3 508.4 499.1 219.1 1.4 92.0 37.4 44.4 42 7.4 482 1,558.9 905.3 568.5 153.6 500.0 511.3 216.9 2.6 87.3 402 47.8 3.7 6.8 54.6 525.0 224.7 .6 91.8 31.8 49.1 5.4 18.9 55.5 71.4 65.8 Ti43 1.122 .4 4.9 62.1 66.6 66.0 92.8 4.7 124.3 58.1 91.: 52 130.6 62.1 65.4 67.2 28.0 15.0 43.5 -43.7 27.0 13.0 43.4 42.8 28.; 17.6 45.6 44.0 431 39.7 42.3 46.9 442 48.6 44, 47.1 46.1 47.' 4.6 13.4 4.9 13.2 5.0 132 4.8 12.6 4.7 12/ 11.3 30.9 12.1 32.1 14.7 32.3 15.9 30.4 17.0 28.1 17.6 24.9 12.68.8 58.5 42.0 16.5 72.6 56.4 40.0 16.4 83.1 59.7 41.0 18.7 96.3 56.8 38.7 18.1 106.0 57.4 39.5 17.9 111.6 57. 39.9 17.3 116.4 8,385 8,239 4,948 8,351 8,419 5,100 1,801 1,021 1,944 1,014 1,854 r PULP, PAPER, AND PAPER PRODUCTS PULPWOOD [Thousands of cords (12$ cu. ft.)] Consumption Inventories, end of period , 1 99,279 1 ' 99,304 1 99,109 5,961 8,271 8243 5,651 8,712 8,517 5,751 8,120 6,375 7,920 8,012 5,961 8,779 8,801 5,732 8,171 8,115 5,554 8,161 8,161 5,670 8,097 8,271 5,082 7,934 8,108 4,936 8,120 7,992 1 1 1,785 976 1,822 1,024 1,778 1,717 1,815 927 917 1,816 907 1,754 960 1,763 1,025 '1,800 63,068 1,293 51,192 6,363 4,219 5,200 126 4,190 536 349 5,410 91 4,395 569 355 5,123 71 4,163 543 347 5,428 123 4,392 554 359 5,579 115 4,530 563 371 5,033 104 4,098 503 329 5,319 124 4,310 547 338 5285 115 4,270 555 346 5,188 92 4,232 528 335 5,197 124 4,222 520 331 '5,604 '129 "4,576 -•552 347 5,357 117 4,392 532 316 5,133 116 4,176 511 330 226 476 228 461 423 210 484 422 201 505 358 226 476 201 521 419 216 554 409 216 483 406 198 521 210 532 214 515 351 '220 '586 353 232 614 192 575 348 98,414 5,462 WASTE PAPER [Thousands of short tons] Consumption Inventories, end of period . 19,490 1,082 21,040 r WOODPULP [Thousands of short tons] Production: Total Dissolving pulp Paper grades chemical pulp Groundwood and thermo-mechanical ...... Semi-chemical Inventories, end of period: Producers' own use Producers' market Consumers' purchased [Thousands of metric tons] Exports, all grades, total Dissolving and special alpha ... All other Z....... Imports, all grades, total Dissolving and special alpha Ailother Zi.. Sse footnotes at end of tables. 1 1,425 50,181 6,029 4,363 193 342 519 1 5,653 759 4,896 1 4,673 162 1 4,513 1 SURVEY OF CURRENT BUSINESS November 1991 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, 1989 1961-83 | S-29 1990 Annual 1990 Sepl | Oct. j 1991 Nov. Dec. • • » I "»• Jan. I * May June July Aug. Sept PULP, PAPER, AND PAPER PRODUCTS-Continued PAPER AND PAPER PRODUCTS [Thousands of short tons, unless otherwise specified] Paper and board: Production (API): Total Paper Paperboard Producer Price Indexes: Paperboard, 1982=100 Building paper and board, 1982=100 Selected types of paper (API): Groundwood paper: Orders, new Orders, unfilled, end of period Shipments 3,484 3,344 6,528 3,294 3,234 6,520 3,181 3,339 6,818 3,338 3,480 6,135 3,009 3,126 3,243 3,326 6,338 3,172 3,167 6,486 3,206 3,280 '6,462 '3,176 3,285 '6,756 '3,337 3,419 '6,962 '3,440 3,522 6,623 3,267 3,356 132.9 134.3 109.4 1345 109.1 132.8 108.9 132.6 109.3 132.0 109.8 129.6 111.3 128.4 112.7 127.0 113.5 '127.2 '113.4 127.4 113.9 127.9 112.2 132.0 111.9 '1,868 -231 '1,806 173 226 137 163 222 136 213 151 161 215 147 171 234 145 126 229 133 154 239 148 130 238 138 146 249 140 178 274 145 148 280 159 '184 '308 152 156 303 155 '7,171 706 7,215 '7,430 '687 7,536 607 693 636 671 643 642 531 591 564 619 551 634 517 522 564 528 588 582 565 601 604 572 623 598 596 646 638 640 '683 '647 '658 661 657 637 M1.097 '11,081 '11,479 '11,503 936 928 996 1,009 942 862 930 916 983 784 852 856 901 924 915 1,002 957 1,013 922 1,131 1,044 '1,079 1,057 981 '2,681 '2,377 198 208 196 173 202 186 203 207 185 195 186 188 176 7 5,636 '5,802 487 507 477 484 485 459 505 477 472 474 440 484 465 9,640 9,607 321 9,068 9,074 315 715 740 315 765 763 686 462 790 755 743 736 506 733 710 529 739 719 550 761 697 614 731 731 614 719 698 635 5,523 5,515 56 12,241 749 2 7,678 122.5 5,997 6,007 46 12,126 802 313,398 ' 76,785 38,266 38,519 '78,782 39,359 39,423 6,507 3,251 3,257 140.1 115.6 135.9 112.2 '1,741 193 '1,743 .-. Coated papers: Orders, new Orders, unfilled, end of period Shipments Uncoated free sheet: Orders, new Shipments Unbleached kraft papers: Shipments Tissue paper, production , 132.9 111.2 [Thousands of metric tons, unless otherwise specified] Newsprint: Canada: t Production Shipments from mills Inventory, end of period United States: Production Shipments from mills Inventory, end of period Estimated consumption, all users 0 Publishers' stocks, end of period # Imports ., Producer Price Index, standard newsprint, 1982=100 Paper products: Shipping containers, corrugated and solid fiber shipments, mil. SCJ. ft. surf, area 711 710 363 512 511 45 1,030 780 519 517 46 1,011 802 527 42 922 853 473 465 50 854 919 523 511 61 956 923 519 502 79 929 907 521 520 80 954 905 508 497 91 917 532 515 107 1,017 850 511 506 44 1,045 810 526 512 121 944 904 496 495 122 958 873 119.5 122.3 122.5 122.3 122.7 126.8 127.2 127.1 121.7 121.4 '120.1 119.0 118.5 '"118.0 116.6 318,102 25,595 '30,756 24,955 21,412 27,440 24,137 24,495 28,033 26,967 25,739 27,968 28,297 27,169 31,334 498 509 RUBBER AND RUBBER PRODUCTS RUBBER [Thousands of metric tons, unless otherwise specified] Natural rubber: § Consumption Stocks, end of period Imports, incl. latex and guayule U.S. Import Price Index, 1985=100 Synthetic rubber: $ Production Consumption Stocks, end of period Exports (Bureau of Census) 866.87 91.98 887.62 110.3 59.78 84.71 55.67 75.55 89.63 81.69 180.42 155.63 419.56 190.30 175.29 404.95 167.35 147.04 393.90 153.14 119.06 403.66 '212,870 "210,662 260,424 261,659 '54,191 59,347 186,328 15,985 17,393 17,612 22,595 4,687 16,443 1,465 19,965 24,467 5,433 '17,305 1,727 16,077 20.203 3,872 14,821 17,713 '18,357 3,738 '13,039 1,578 17,375 '17,632 3393 '12^689 1,550 16,208 19,798 3,713 14,595 1,509 13,687 16,946 2,829 '12,914 1,205 42,649 42,047 41,553 41,582 42,649 46,333 50,051 2 2,261.37 2,050.97 404.03 2 579.08 839.03 94.34 860.34 104.1 90.35 82.97 105.4 2,114.53 1,820.78 403.66 2 94.34 75.70 102.9 102.1 103.5 TIRES AND TUBES [Thousands] Pneumatic casings: Production Shipments, total Original equipment Replacement equipment Exports Stocks, end of period Exports (Bureau of Census) Inner tubes: Exports (Bureau of Census) See footnotes at end of tables. ..... 2 39,308 19,118 2 1,813 1,491 17,017 21,237 4,351 15,377 1,511 17,360 '22,215 4,691 '15,959 1,566 16,419 '23,884 4,279 '18,008 1,596 14,354 21,628 3,178 16,926 1,523 17,784 24,036 4,254 18,041 1,743 51,096 51,151 50,725 47,204 44,069 41,610 SURVEY OF CURRENT1 BUSINESS S-30 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, Annual 1989 1961-88 November 1991 1991 | 1990 1990 Sept Oct. | Nov. | Dec. Jan. | Feb. | Mar. | Apr. May [_ June 35,379 39,876 July | Aug. Sept | Oct STONE, CLAY, AND GLASS PRODUCTS PORTLAND CEMENT '474,344 Shipments, finished cement, thous. bbl. 1 467,211 42.567 6,777.6 556.3 46,272 37,888 21^73 25,425 27,239 23,949 40,037 42,577 43,363 115.9 116.4 25,486 '25,820 25,838 26,759 CLAY CONSTRUCTION PRODUCTS Shipments: Brick, unglazed (common and face), mil. standard brick Structural tile, except facing, thous. sh. tons Sewer pipe and fittings, vitrified, thous. sh. tons Floor and wall tile and accessories, glazed and unglazed, mil. sq.ft. 545.3 Producer Price Index, brick and structural clay tile, 12/84=100 %Z 7 416.0 18.9 16.0 15.3 13.0 477.6 37.1 42.8 36.3 36.1 112.2 115.1 115.3 115.4 115.4 115.4 1,543,242 1,471,447 380.773 287,511 285,586 289,704 284,986 25,462 22,827 1,444.5 1,118.7 9 7 115.3 49.7 107.5 105.6 115.7 115.5 1162 116.3 ' 116.3 116.4 116.4 GLASS AND GLASS PRODUCTS [Thousand gross, unless otherwise specified] Flat glass, mfrs.1 shipments, thous. $ Glass containers: Production *.....«.• ......< **.*.. «... Shipments, total Narrow-neck containers: Food Beverage Beer Liquor arid wine Wide-mouth containers: Food and dairy products Narrow-neck and wide-mouth containers: Medicinal and toilet Chemical, household, and industrial Stocks, end of period *.«. 22,010 63,813 i 23,008 88,551 2637 ..... 1,796 4,931 7,197 1,902 25,937 24,125 21,882 21,451 22,465 20,974 18,254 22,420 24,351 .22,611 24,736 25,569 26,436 24,724 25,701 5,077 7,234 2,129 1.388 4,315 6,962 2,009 6J59 2,214 1,429 4,219 6,849 1,735 1.707 3,933 6,218 1,670 2,082 4,802 6,930 2.078 2,082 5,527 6,950 2,373 2,379 6,073 7,633 2,393 2,268 5,876 7,697 2241 r 2297 5,849 8,133 2,130 2,497 5,661 7,876 2,143 6,862 5,633 5,030 5,983 5,532 5,833 6,671 6,616 6,005 '6,182 6,934 1,045 99 676 83 42,417 70 44,646 782 104 46,088 1,013 120 45,733 1,217 42,860 977 75 40,449 125 44,233 1,458 156 43293 1,038 191 '42,745 1,422 226 42,196 1,123 1,153 1,239 1,210 1,170 1,137 1,170 1,184 1.185 1,324 1,237 1,168 1,192 1,202 1,250 1,339 540 626 706 383 478 509 1,463 1,521 1,508 405 33 19 910 434 7 64 53 32 18 907 426 6 1,487 1 33 19 903 418 7 57 67,973 70,767 13,826 1,318 42,053 13,190 1,174 40,449 41,327 876 81 42,628 15,658 16,272 1,236 1,250 1,466 1,433 1,346 1,279 789 732 619 940 72 347,656 306,391 342,085 1,215 GYPSUM AND PRODUCTS [Thousands of short tons] 1 15,500 M 7,500 1 1 1 9,304 Imports, crude gypsum Sales of gypsum products: Uncalcined 1 1 5,310 424 20.445 1,617 1 36 22 973 466 8 60 52 5,170 345 581 401 364 1.449 1,395 33 19 875 430 6 28 17 828 420 6 296 377 Calcined: Building plasters, total (incl. Keene's cement) . [Millions of square feet] Board products total Lath Veneer base . 20,870 18 475 ... 266 Regular gypsum t_..._ Type X gypsum board .. Predecorated wallboard Vis mobile home board Water/moisture resistant board .... 12,523 6,071 113 717 1 15 442 268 12,268 5,978 98 713 662 1,745 1 35 23 1,044 509 1,569 1 32 21 948 453 8 67 58 45 49 39 47 1.366 17 827 395 6 46 47 49 1,725 1 41 20 1,070 468 61 56 TEXTILE PRODUCTS FABRIC [Millions of linear yards] Woven fabric, finishing plants: Production (finished fabric) Cotton Manmade fiber and silk fabrics Inventories held at end of period Cotton Manmade fiber and silk fabrics Backlog of finishing orders Cotton Manmade fiber and silk fabrics COTTON AND MANUFACTURES [Thousands of running bales, unless otherwise specified] Cotton (excluding linters): Production; Ginnings 0 Crop estimate, thous. net weight bales § Stocks in the United States, total, end of period # Domestic cotton, total On farms and in transit Public storage and compresses Consuming establishments See footnotes at end of tables. : . 11,884 12,196 15.064 15,499 2,616 7.959 12,436 *7,444 12,803 12,803 1,457 10,762 584 «8,383 11,978 11,978 1,522 9.875 581 *835 14,514 14.514 11,532 2,451 531 671 13,855 13,855 7210 6,126 519 610 13,173 13,173 3,729 8,930 514 137 14,519 699 2,478 8,474 * 18215 J 601 11,978 11.978 1,522 9.875 581 7 ZZZ Z Z I 2,068 7 6,929 7 6,929 7 585 7 5,681 7 663 "2,212 "3,174 '3,174 0 '2,452 '722 2,200 16,606 16,606 13,841 2,195 570 SURVEY OF CURRENT1 BUSINESS November 1991 Unless otherwise stated in footnotes below data through 1988 and methodological notes are as shown in EJUSINESS STATISTICS, 1961-88 Annual 1989 | S-31 1991 1990 1990 Sept Oct. Nov. | Dec. Jan.^ Feb. | Mar. | Apr. | May | June July | Aug. S«pt Oct TEXTILE PRODUCTS-Continued COTTON AND MANUFACTURES-Continued Cotton (excluding Iinters)-Continued Exports, thous. running bales Imports thous net weight bales Price(farm), American upland, cents per Ib.O Price, Strict Low Middling, Grade 41, staple 34 (11/16"), average 10 markets, cents per Ib. Spindle activity (cotton system spindles): Active spindles, last'working day, total, millions Consuming 100 percent cotton, millions Spindle hours operated, all fibers, total, billions .. Average per working day, billions Consuming 100 percent cotton, billions 3 ' S5 63.6 r5 67.1 ^69.8 '652 '67.7 '68.4 '67.1 '64.9 67.9 '68.9 70.8 68.9 672 65.7 66.9 '652 62.4 71.0 70.5 69.5 69.9 70.5 77.7 77.9 79.9 83.9 79.0 71.3 66.4 62.4 58.3 9.8 3.8 5.2 260 2.1 9.8 3.9 4.7 240 1.8 9.7 3.8 "4.9 ".196 "1.9 7 9.8 7 3.8 14.9 7 233 7 5.9 '9.6 '3.9 '15.7 '241 6.3 1,073 1,142 10.7 4.3 80.8 294 27.8 9.7 3.8 65.8 254 25.8 10.1 4.0 "6.3 "255 "2.5 4,589 4,464 1,087 110.9 113.8 112.3 217.5 362.8 2062 299.1 53.6 742 53.5 76.9 48.0 67.4 55.4 687 4,225.4 4,290.3 4,193.7 3,990.8 1,035.4 962.5 1,043.4 9832 994.0 911.0 1,066.3 962.7 9.9 22.4 9.4 17.3 8.3 92 9.4 17.3 10.0 26.0 9.4 24.9 3642 340.8 304.2 347.0 348.0 362.8 3042 347.0 344.2 371.1 3211 3222 114.0 115.7 115.3 Wool consumption, mill (clean basis): Apparel class Carpet class 113.0 14.1 120.6 12.1 26.9 3.1 Wool imports, clean yield t Unimproved and other grades not finer than 46's 48's and finer * 106.9 29.9 77.0 71.7 21.4 50.3 5.0 1.5 3.5 6.9 1.4 5.5 7.5 1.3 62 42 .6 3.6 10.7 1.9 8.7 6.9 1.2 5.7 5.4 1.5 3.9 " 5.5 1.3 4.3 7.3 1.7 5.5 3.70 2.56 2.35 2.35 225 220 2.17 2.10 1.63 1.67 4.31 3.70 3.55 3.43 3.32 3.32 3.34 3.35 2.09 221 176.3 140.7 32.6 31.4 38.1 48.4 '1,317.8 '1,348.5 '347.5 '314.8 '294.2 326.5 16,895 181,967 8,372 97,689 300,907 37,180 18,120 172,317 7,728 92,778 298,988 38,761 5,312 41,416 1,980 23,413 78,421 8,910 3,770 35,501 1,992 22,078 67232 8,744 '4236 '49,360 3,132 '22,348 68,397 '9,861 5,050 44,646 2,736 23,646 83,468 10.176 Cotton cloth: Cotton broadwoven goods over 12" in width: Production (qtrly.), mil. sq. yd. Orders, unfilled, end of period, compared with average weekly production, no. weeks' prod. Inventories, end of period, compared with avg. weekly production, no. weeks' prod. Ratio of stocks to unfilled orders (at cotton mills), end of period ... Exports, raw cotton equivalent, thous. net weight bales § Producer Price Index, gray cotton broadwovens, 1982=100 .... 7 1048 112.5 116.1 116.4 113.3 113.6 114.1 114.5 9.4 3.9 15.0 .227 6.2 115.0 115.1 115.1 1152 114.7 117.0 116.4 116.6 8.1 1.5 6.6 9.2 1.5 7.7 7.0 1.3 5.7 4.4 1.4 3.0 2.03 2.30 2.30 1.67 1.56 1.48 2.71 2.86 2.48 2.29 2.15 114.9 '1152 MANMADE FIBERS AND MANUFACTURES [Millions of pounds] Fiber production, qtrly: Cellulosic filament yarn Rayon stap'f? including tow Noncellulosic,' except textile glass: Yarn and monofilaments Staple, incl tow .. Textile glass fiber . Fiber stocks, producers', end of period: Cellulosic filament yarn ...* Rayon staple including tow . Noncellulosic fiber, except textile glass: Yarn and monofilaments . Staple, incl tow Textile glass fiber [Millions of square yards, unless otherwise specified] Manmade fiber and silk broadwoven fabric!;: Production (qtrly) total Filament yarn (100%) fabrics Chiefly rayon and/or acetate fabrics Chiefly nylon fabrics Spun yarn (100%) fabrics ..... Rayon and/or acetate fabrics, blends Polyester blends with cotton ... Acetate filament and spun yarn fabrics! Producer Price Index/gray synthetic broadwovens, 1982=100 115.6 115.8 116.1 115.7 114.7 114.4 114.1 114.3 '113.9 [Millions of pounds] Manmade fiber textile trade: Exports manmade fiber equivalent Yarn,' tops, thread, cloth Cloth woven Manufactured prods apparel furnishings Imports manmade fiber equivalent Yarn tops thread doth . . . . Cloth woven Manufactured products apparel, furnishings Apparel total . . Knit apparel WOOL AND MANUFACTURES [Millions of pounds, unless otherwise specified] Wool prices, raw, shorn, clean basis: Domestic-Graded territory, 64's, staple 2%" and up, delivered to U S mills $ per Ib Australian, 64's, Type 63, duty-paid, price at Australian Wool Corp., Charleston, SC, $ per Ib. 30.5 2.1 38.7 3.1 33.3 3.1 Wool broadwoven goods, exc. felts: Production (atrlv) mil so vd FLOOR COVERINGS Carpet, rugs, carpeting (woven, tufted, other), shipments, quarterly mil sq yd. • APPAREL [Thousands, unless otherwise indicated] Women's, misses', juniors' apparel cuttings, qtrly: Coats Dresses Suits (incl Dant suits iumosuits) Skirts Slacks, jeans, dungarees, and jean-cut casual slacks Blouses thou doz See footnotes at end of tables. SURVEY OF CURRENT' BUSINESS S-32 Unless otherwise stated in footnotes below, data through 1988 and methodological notes are as shown in BUSINESS STATISTICS, Annual 1989 1961-88 November 1991 1990 1990 Nov. Oct. Sept 1991 | Dec. Jan. | Feb. | Mar. Apr. | May | June July | Aug. | Sept 28,153 27,696 24,996 Oct TEXTILE PRODUCTS-Continued APPAREL-Continued [Thousands, unless otherwise indicated] Men's apparel cuttings, qtrly: Suits Coats (separate), dress and sport Trousers, slacks, jeans, pants, etc Shirts, dress and sport thous. doz. Hosiery, shipments, thous. doz. prs. 13,896 18,012 470,820 113,085 353,692 11,302 13,945 458,476 103,239 328,622 2,697 3,594 118,833 24,686 25,003 30,537 27J41 2,587 3,194 111,409 20,966 24,586 r 24,863 2,764 '•3,967 "105,700 '23,108 25,623 ""28,351 25,170 27,099 2,475 3,235 124,792 24,991 28,551 TRANSPORTATION EQUIPMENT AEROSPACE VEHICLES [Millions of dollars] Orders, new (net), total US Government * 173,635 '80,633 '168,381 '147,380 3 56,788 '142,685 Sales (net), receipts, or billings, total U.S. Government '122,148 '72,184 3 Backlog of orders, end of penod n >...i... •••••«•...i«... U S Government Aircraft (complete) and parts Engines (aircraft) and parts Missiles, space vehicle systems, engines, propulsion units, and parts Other related operations (conversions, modifications), products, services '252,401 3 107,797 3 131,996 '27,154 '264,204 '92,148 '145,833 '28,233 3 Aircraft (complete): Shipments Exports, commercial 141,654 '77,516 33,771 '32,800 '22,092 '19,819 174673 4 13,711 '18,444 1,323 1,311 1,212 1,693 1291 1,097 1,862 2,164 9,668 2,465 6,807 6,181 6,050 5,502 542 507 625 585 438 402 369 332 435 391 411 373 436 384 460 417 518 465 485 434 360 324 417 385 473 424 9,903 7,078 2,825 9,499 6,898 2,601 785 585 200 10.1 7.6 2.5 805 598 207 9.3 6.9 2.4 679 486 193 8.6 6.2 2.4 669 476 193 8.9 6.6 2.3 570 421 149 7.6 5.7 1.9 636 479 157 8.3 6.1 22 749 545 204 8.7 6.2 2.5 707 510 197 7.9 5.5 2.4 790 581 209 8.4 6.1 2.3 791 593 198 9.0 6.7 2.3 794 585 209 9.1 6.8 2.3 711 503 208 8.3 6.1 22 687 498 189 8.6 6.3 2.3 •719 526 •193 •8.2 6.0 •2.2 1,669 1,682 1,407 1,259 1,340 1,404 1,483 1,430 1,510 1,397 1,407 1259 1,467 1221 1,431 1,143 1,360 1,065 1,371 1,066 1,357 1,032 1,304 964 1,130 918 1,119 '985 .1*156 '984 1267 1,012 2.8 2.4 2.2 2.5 2.7 2.3 2.6 2.3 2.1 2.3 2.0 1.7 1.6 1.9 '1.9 2.0 '769.75 56923 '4,042.7 "'3"944"6 '1,2205 '1,151.1 1 9,160 9,853 1 3,486 3,481 293.0 93.1 399.6 127.6 •• 375.1 110.6 354.4 94.5 325.1 81.1 294.6 67.7 328.7 100.1 297.6 108.8 283.3 117.4 296.7 119.6 "270.5 77.9 312.7 105.2 '822 '328 769 284 683 259 683 271 599 224 590 220 669 264 675 275 744 286 792 304 755 291 675 297 737 320 MOTOR VEHICLES (NEW) [Thousands, unless otherwise specified] Passenger cars: Factory sales (from U.S. plants): Total D o n i 6 s t t c •••••••t••••t«o««iM•••«•••••••*••*•«• *••«••• *•••*•••••.«..t»*t««t***t*M«*t Retail sales, total, not seas, adj , Domestics § Imports § Total, seas. adj. at annual rate, millions Domestics, millions § Imports, millions § Retail inventories, domestics, end of period: § Not seasonally adjusted Seasonally adjusted ;.. Inventory-retail sales ratio, domestics § Exports (Bureau of Census), total Imports (ITC), complete units Registrations 0, total new vehicles Imports, including domestically sponsored Trucks and buses: Factory sales (from U.S. plants): Total Domestic Retail sales: Total, not seasonally adjusted * 0-10,000 lbs. GVW, domestics 0-10,000 lbs. GVW, imports * 10,001 lbs. GVW and over t Total, seasonally adjusted * 0-10,000 lbs. GVW, domestics 0-10,000 lbs. GVW, imports * 10,001 lbs. GVW and over t Retail inventories, domestics, end of period: Not seasonally adjusted Seasonally adjusted @ Exports (BuCensus) Imports (BuCensus), including separate chassis and bodies ... 3,719 3,448 313 297 355 336 253 235 175 155 214 194 202 177 238 208 300 263 337 302 323 290 230 209 277 256 326 299 4,941.5 4,106.4 504.2 331.1 4,649.9 3,947.5 404.0 298.4 361.2 310.0 27.7 23.5 392.7 339.3 28.4 24.9 364.8 307.7 31.5 25.6 370.9 313.4 33.7 23.8 322.1 275.1 27.0 20.0 357.0 304.3 30.3 22.4 318.4 267.1 28.1 232 3342 279.5 31.4 23.3 2702 229.1 22.5 18.6 300.0 255.4 24.0 20.6 292.7 250.7 23.6 18.4 321.5 271.9 282 21.3 3552 305.8 27.3 22.1 335.0 2872 26.5 21.3 353.5 304.9 26.6 22.1 332.6 288.5 24.5 19.6 384.8 335.9 282 20.7 341.0 295.5 26.4 19.1 385.9 338.9 26.5 20.5 357,5 309.4 282 19.8 391.4 338.1 30.8 22.6 363.1 313.5 27.9 21.7 353.5 298.3 35.9 19.3 353.1 305.6 27.8 19.7 '375.9 330.1 26.3 '19.5 402.6 355.1 27.3 '20.3 329.6 283.4 26.4 20.0 335.7 290.5 26.7 18.5 1,134.9 1,180.1 '21128 '1,022.17 1,074.3 1,116.9 1,095.3 1,192.0 1,170.8 1203.0 1,166.4 1,166.5 1,074.3 1,116.9 1,071.1 1,049.7 1,022.5 972.6 955.1 902.5 953.5 9052 960.1 907.6 965.1 912.4 852.5 916.7 857.4 954.4 875.8 953.8 1,004.3 1,046.3 405 '5,100 4,805 -•413 381 343 355 307 290 347 355 379 413 394 373 181,478 130,163 142,921 102,449 11,737 8,481 12,277 8,830 9,465 6,586 8,565 5,531 8,715 5,763 8,422 5,562 10,494 7,073 10,641 7,089 11,311 7,722 10,979 7,304 '10,385 '7,397 12,025 9,180 .&» %m 976 3,429 1284 744 1219 827 1211 1*638 1^347 '924 32,063 32,063 27,197 27,197 11,328 11,328 7,659 7,659 3,996 3,996 12214 12,214 1,904 " RAILROAD EQUIPMENT [Number, unless otherwise specified] Freight cars (new), for domestic use; all railroads and private car lines (excludes rebuilt cars and cars for export): Shipments Equipment manufacturers New orders Equipment manufacturers Unfilled orders, end of period Equipment manufacturers .. 29,617 29,617 31,002 31,002 16,691 16,691 7,541 7,541 6,655 6,655 11,328 11,328 6,397 6,397 5,873 5,873 10,683 10,683 6,003 6,003 5,126 5,126 9,806 9,806 • • • • • • Freight cars (revenue), class I railroads (AAR): t Number owned, end of period, thousands Capacity (carrying), total, end of month, ml tons .... Average per car tons See footnotes at end of tables. (2) 4,062 3,752 Registrations 0, new vehicles, excluding buses not produced Truck trailers and chassis, complete (excludes detachable*), shipments, number Van type number . ..... Trailer bodies (detachable), sold separately, number. Trailer chassis (detachable), sold separately, number (2) 688 59.73 86.87 • """Ton S-33 SURVEY OF CURRENT BUSINESS November 1991 FOOTNOTES FOR PAGES S-l THROUGH S-32 General Notes for all Pages: r Revised, p Preliminary, e Estimated, c Corrected. Page S-l t The monthly income estimates shown in this section are on an unrevised basis. Revised monthly estimates will be available in late December. Note, however, that National Income and Product Account Table 2.1 presents quarterly estimates of personal income that have been revised as part of the comprehensive revision of the national income and product accounts. X 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. 0 See note " ^ " for p. S-2. Page S-2 1. Based on data not seasonally adjusted. • 0 Effective April 1990 SURVEY, the industrial production index has been revised back to 1977 and has a new base year of 1987. A more detailed explanation of this revision is in the April 1990 Federal Reserve Bulletin. Historical data are available from the Industrial Output Section, Mail Stop 82, Division of Research and Statistics, Federal Reserve Board, Washington, DC 20551. # Includes data not shown separately. Page S-3 # Includes data for items not shown separately. f Effective with the April 1991 SURVEY, M3 data have been revised to benchmark the data to the 1987 Census of Manufactures and 1988 Annual Survey of Manufactures, and to convert the series to the 1987 SIC codes. Revisions related to benchmarking affect all categories back to 1982. Revisions resulting from the SIC conversion affect about half the categories back to 1958. The coverage for some of the series in the market category has been changed. Page S-4 1. Based on data not seasonally adjusted. # Includes data for items not shown separately. X 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. O 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. t See note "t" for p. S-3. Page S-5 1. Based on data not seasonally adjusted. @ Compiled by Dun & Bradstreet, Inc. # Includes data for items not shown separately. § Ratio of prices received to prices paid (parity index). X See note " | " for p. S-4. t In the Feb. and July issues of the SURVEY each year, data for the most recent six to eight years are subject to revise and are available upon request, ft See note "f" for p. S-3. Page S-6 § For producer price indexes of individual commodities, see respective commodities in the Industry section beginning p. S-19. All indexes subject to revision four months after original publication. # Includes data for items not shown separately. J Effective with the Feb. 1991 SURVEY, data have been revised back to 1986 and are available upon request. Page S-7 1. Computed from cumulative valuation total. 2. Index as of Nov. 1, 1991: building, 413.2; construction, 455.8. 3. Beginning Dec. 1988, series has been discontinued by the Bureau of the Census. X Effective July 1991 SURVEY, data have been revised back to 1986. Effective July 1990 SURVEY, data were revised back to 1985. Revised data are available from the Construction Statistics Division at the Bureau of the Census, Washington, DC 20233. # Includes data for items not shown separately. § Data for Mar., May, Aug., and Nov. 1990, and Jan., May, Aug., and Oct. 1991 are for five weeks; other months four weeks. ^ Effective Feb. 1990 SURVEY, data for seasonally adjusted housing starts have been revised back to 1987. These revisions are available upon request. Address requests for data to: Business Statistics Branch Current Business Analysis Division (BE-53) Bureau of Economic Analysis U.S. Department of Commerce Washington, D.C. 20230 @ Effective Feb. 1990 SURVEY, data for seasonally adjusted manufacturers' shipments of mobile homes have been revised back to 1987. f Effective May 1990 SURVEY, data for seasonally adjusted building permits have been revised back to 1988 and are available upon request. * Series first shown in the July 1990 SURVEY. Thefixed-weightedprice index is a weighted average of the individual price index series used to deflate the Value of New Construction Put in Place (VIP) series. In calculating the index, the weights (the composition of current dollar VIP in 1987 by category of construction) are held constant. Consequently, the index reflects only changes in prices. The implicit price deflator is a derived ratio of total current to constant dollar VIP (multiplied by 100). It is the average of the individual price indexes used in the deflation of VIP, but the prices are weighted by the composition of VIP each period. As a result, the implicit price deflator reflects not only changes in prices, but also changes in the composition of VIP, and its use as a measure of price change is discouraged. Effective July 1991 SURVEY, data have been revised back to 1986. ft Effective May 1991 SURVEY, the Boeckh indexes have a new base year of 1987. XX Effective Sept. 1990 SURVEY, the construction cost index for the Federal Highway Administration has been revised back to 1986 and has a new base year of 1987=100. Page S-8 1. Advance estimate. 2. Beginning with Feb. 1989 data, associations in conservatorship are excluded. O Home mortgage rates (conventional first mortgages) are under money and interest rates on p. S-14. § Data include guaranteed direct loans sold. # Includes data for items not shown separately. @ Data are for closed mortgage loans of thrift institutions insured by the Savings Association Insurance Fund (SAIF)—FSLIC-insured institutions prior to Sept. 1989. f Effective April 1991 SURVEY, estimates of wholesale sales have beenrevisedback to January 1988 and wholesale inventories have been revised back to January 1989. Revised data and a summary of changes appear in the report Revised Monthly Wholesale Trade, Sales and Inventories January 1984-December 1990, BW90-R, available from the Bureau of the Census, Washington, DC 20233. X Effective March 1991 SURVEY, retail trade data have been revised. Estimates of retail sales have been revised back to January 1988 and inventories have been revised back to January 1989. (In 1990 data were revised back to 1982.) Revised data and a summary of changes will appear in the report Revised Monthly Retail Sales and Inventories, January 1981-December 1990, BR90-R, available from the Bureau of the Census, Washington, DC 20233. Page S-9 1. Advance estimate. # Includes data for items not shown separately. ^ Effective with the January 1991 SURVEY, the seasonally adjusted labor force series have beenrevisedback to January 1986. The January 1991 issue of Employment and Earnings contains the new seasonal adjustment factors, a description of the current methodology, and revised data for the most recent 13 months or calendar quarters. Revised monthly data for the entire 1986-90 revision period appear in the February 1991 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. @ Data include resident armed forces. X See note "$" for p. S-8. Page S-10 O See note "O" for p. S-9. § Effective with the Sept. 1990 and June 1991 issues of the SURVEY, data have been revised, respectively back to April 1988 and April 1989, unadjusted, and back to Jan. 1985 and Jan. 1986, seasonally adjusted, to reflect new benchmarks and seasonal adjustment factors. In addition the Sept. 1990 revision included the conversion of the industry series to 1987 SIC codes. Industry series affected by revisions in the SIC have been revised back to the inception of the series, to the extent possible. In addition, all constant-dollar and indexed series were recomputed on a 1982 base. The Sept. 1990 and June 1991 issues of Employment and Earnings contain detailed descriptions of the effects of these revisions. All of the revised historical series will be published in a special supplement to Employment and Earnings. This supplement, when combined with the historical bulletin, Employment, Hours, and Earnings, United States, 1909-90 will comprise the full historical series on national data obtained from the establishment survey. S-34 SURVEY OF CURRENT BUSINESS Page S-ll § See note " § " for p. S-10. X 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. 0 Production and nonsupervisory workers. Page S-12 § See note "§" for p. S-10. 0 Production and nonsupervisory workers. X Earnings in 19S2 dollars reflect changes in purchasing power since 1982 by dividing by Consumer Price Index. Effective Feb. 1990 and 1991 issues of the SURVEY, this series has been revised, respectively, back to 1985 and 1986 to reflect new seasonal factors for the CPI-W. Revised data are available upon request. §§ Effective with the June 1991 SURVEY, data have been revised back to 1989 and are available upon request. Wages as of Nov. 1,1991: Common, $19.14; Skilled, $25.19. t Excludes farm, household, and Federal workers. @ Effective with the April 1990 SURVEY, the employment cost index is based on June 1989=100, rather than June 1981=100. Historical data for both June 1989 and June 1981 bases are available from the Bureau of Labor Statistics, Division of Employment Cost Trends, 441 G Street, N.W., Washington, DC 20212. XX These series were affected by an error in the Sept. 1990 SURVEY. The stub for "Transportation equipment" was omitted. Hourly earnings for "Transportation equipment" were shown following the stub for "Electronic and other electrical equipment". Hourly earnings for "Electronic and other electrical equipment" were shown following the stub for "Industrial machinery and equipment". Hourly earnings for "Industrial machinery and equipment" were shown following the stub for "Machinery, except electrical", which was the former name for that industry (SIC 35). * Series first shown in the July 1991 SURVEY. Wages and salaries are defined as the hourly straight-time wage rate or, for workers not paid on an hourly basis, straight-time earnings divided by the corresponding hours. Straight-time wage and salary rates are total earnings before payroll deductions, excluding premium or supplemental pay for overtime and for work on weekends and holidays, shift differentials, and nonproduction bonuses such as lump-sum payments provided in lieu of wage increases. Production bonuses, incentive earnings, commission payments, and cost-of-living adjustments are included in straight-time wage and salary rates. Page S-13 1. Effective Feb. 28,1989, there was a break in the series due to the enlargement of the panel of reporting dealers to 17 and of reporting direct issuers to 36. End of month figures on the old basis are as follows: All issuers, 481,734; financial companies, 373,717; dealer placed, 172,330; directly placed, 201,387; and nonfinancial companies, 108,017. 2. Average for Dec. # Includes data for items not shown separately. § 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). X Covers 50 States and the District of Columbia. Only regular benefits are included. @ Average weekly insured unemployment for 12-month period divided by average monthly covered employment (lagging 4 full quarters for annual figure and 2 full quarters for monthly figure). t Effective Oct. 1989 SURVEY, loans by loan type are provided by the Federal Farm Credit Banks Funding Corporation. <> Effective with the April 1990 SURVEY, the reserves of depository institutions have been revised back to 1984 and are available upon request. Page S*14 1. Data are for fiscal years ending Sept. 30 and may include revisions not distributed to the months. 2. Weighted by number of loans. 3. Beginning Feb. 1988, data suspended by the Farm Credit Administration, which is revising the information it collects and amending the reports it distributes. § Effective Mar. 1990 SURVEY, data have been revised to reflect new benchmark and seasonal adjustments and are available from the Banking and Money Market Statistics Section of the Division of Monetary Affairs at the Federal Reserve Board, Washington, DC 20551. # Includes data for items not shown separately. O Excludes loans to commercial banks in the U.S. X Rates on the commercial paper placed for firms whose bond rating is Aa or the equivalent. XX Courtesy of Metals Week. @ Average effective rate t Effective May 1990 SURVEY, the consumer installment credit series have been revised back to 1980 to incorporate new information and updated seasonal adjustment factors. These revisions are available upon request. * Series first shown in the June 1990 SURVEY. ft This series, first shown in the June 1990 SURVEY, represents the outstanding balances of loans that the loan originator has sold and are no longer carried on the loan originator's books. The loans are pooled and securities are issued on the pools. Page S-15 1. Beginning Jan. 1989, the primary public offering statistics have been discontinued by the Securities and Exchange Commission. 2. Effective April 1991 SURVEY, the Security Markets series have been discontinued. 3. Money market deposit accounts are included with savings deposits. t Effective Feb. 1991 SURVEY, the money stock measures and components have been revised and are available from the Banking Section of the Division of Research and Statistics at the Federal Reserve Board, Washington, D.C. 20551. November 1991 XX Includes ATS and NOW balances at all depository institutions, credit union share draft balances, and demand deposits at thrift institutions. <> 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. @ 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. Page S-16 1. The railroad average was discontinued by Moody's on July 13, 1989. Therefore, the July average reflects only eight working days. 2. Effective Oct. 3, 1990, the German Democratic Republic (GDR; East Germany) ceased to exist as a sovereign state and became a part of the Federal Republic of Germany. Accordingly, effective with the statistics for Oct. 1990, all merchandise imported from or exported to the former GDR will be included as trade with the Federal Republic of Germany. 3. Beginning Jan. 1991 data, Roadway Services, Inc. will be included in the Dow Jones Transportation Average replacing Pan Am Corp. Roadway Services is listed on the NASDAQ National Market System. Comparability with earlier averages is not affected by this change. @ See note "4" for p. S-19 regarding the new commodity classification systems introduced Jan. 1989. Data may not equal the sum of the geographic regions, or commodity groups and principal commodities, because the revisions to the totals are not reflected in the component items. § Number of issues represents number currently used; the change in number does not affect the continuity of the series. X For bonds due or callable in 10 years or more, # Includes data for items not shown separately. ^ The March through August 1991 issues of the SURVEY showed month-end yields for 1991 rather than monthly averages. t Effective with the Mar. 1990 SURVEY, seas. adj. exports and imports have been revised back to Jan. 1988, and are available upon request. Page S-17 1. Beginning with Jan. 1989 data, undocumented exports to Canada are now included, resulting in a break with Dec. 1988 data. 2. Beginning Jan. 1989, buses are excluded from "Motor vehicles and parts" and included in "Other manufactured goods," resulting in a break with Dec. 1988 data. 3. See note "2" for p. S-16. @ See note "@" for p. S-16. t See note "f" for p. S-16. # Includes data not shown separately. O Data include undocumented exports to Canada, which are based on official Canadian import totals. # Series first shown in the October 1991 SURVEY. The deflators for the constant dollar series are primarily based upon the monthly price indexes published by the Bureau of Labor Statistics using techniques developed for the National Income and Product Accounts by the Bureau of Economic Analysis. Page S-18 1. Reported annual total; quarterly or monthly revisions are not available. 2. For month shown. 3. Beginning Aug. 1989, the export and import indexes have been discontinued by the Census Bureau. # Series first shown in the October 1991 SURVEY. Source: Bureau of Labor Statistics. # Includes data for items not shown separately. § Total revenues, expenses, and income for all groups of carriers also reflect nonscheduled service. X The threshold for Class I railroad status is adjusted annually by the Interstate Commerce Commission to compensate for inflation. 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. f Before extraordinary and prior period items. @ Changes in these unit value indexes may reflect changes in quality or product mix as well as price changes. ft Effective with the Dec. 1989 SURVEY, data for 1981-88 have been revised and are available upon request. XX Effective with the Mar. 1990 SURVEY, data for 1985-89 have been revised and are available upon request. Page S-19 1. Reported annual total; monthly or quarterly revisions are not available. 2. Less than 500 metric tons. 3. Figure suppressed because it did not meet Census publication standards. 4. Beginning with 1989 data, merchandise trade data are based upon two new commodity classification systems; the International Harmonized System and, Revision 3 of the Standard International Trade Classification and, as a result, data may not be directly comparable to 1988 and earlier years. 5. Data are partially estimated for this quarter and are not available. 6. Beginning in 1901, data are available only on a quarterly basis. # Includes data for items not shown separately. § Data are reported on the basis of 100 percent content of the specified material unless otherwise indicated. X Effective with the Jan. 1990 SURVEY, revisions for 1987-88 are available upon request. S-35 SURVEY OF CURRENT BUSINESS November 1991 Page S-20 Page S-27 1. Reported annual total; monthly or quarterly revisions are not available. 2. Quarterly data are no longer available. 3. See note 4 for p. S-19. 4. Beginning in 1991, data an; available only on a quarterly basis. § Data are not wholly comparable from year to year because of changes from one classification to another. @ Includes less than 500 electric generation customers not shown separately. X Effective with the Jan. 1990 SURVEY, revisions for 1987-88 are available upon request. 0 Effective with the Dec. 1989 SURVEY, revisions for 1987-88 are available upon request. 1. Annual total includes revisions not distributed to the months or quarters. 2. See note 4 for p. S-19. 3. Beginning in 1990, quarterly data have been discontinued. Annual data will continue to be available. 4. Beginning with May 1991 data, monochrome production numbers are no longer included. # Includes data for items not shown separately. § Includes nonmarketable catalyst coke. O Includes small amounts of "other hydrocarbons and alcohol new supply (field production)," not shown separately. XX March, June, September and December arefive-weekmonths. All others consist of four weeks. Page S-21 1. Previous year's crop. New crop is not reported until Sept. (crop year: Sept. 1-Aug. 31). 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. Series has been discontinued. 6. Stock estimates are available once a year as June 1 stocks and shown here in the May column and (as previous year's crop) in the annual column. 7. Stocks as of Dec. 1. 8. See note 4 for p. S-19. § Excludes pearl barley. @ Quarterly data represent the 3-month periods Dec.-Feb., Mar.-May, June-Aug., and Sept.Nov. Annual data represent Dec.-Nov. t Coverage for 21 selected States,representingapproximately 85 percent of U.S. production. Page S-22 1. See note 4 for p. S-19. § Cases of 30 dozen. * Series first shown in the Jan. 1991 SURVEY. Page S-23 1. Crop estimate for the year. 2. Reported annual total; revisions not distributed to the months. 3. Data suppressed because they did not meet Census publication standards. 4. See note 4 for p. S-19. 5. Data withheld to avoid disclosing figures for individual companies. 6. Beginning in 1991, data are available only on a quarterly basis. # Totals include data for items not shown separately. Page S-24 1. Reported annual total; monthly revisions are not available. 2. See note 4 for p. S-19. 3. Less than 500 tons. 4. Beginning in 1990, monthly data have been discontinued. Annual data will continue to be available. Page S-25 1. Reported annual total; monthly revisions are not available. 2. For month shown. 3. Effective with Jan. 1989, import data are for consumption; earlier periods of data are , general imports. See also note 4 for p. S-19 regarding the introduction of new classification systems. 4. Beginning in 1990, monthly data have been discontinued. Annual data will continue to be available. @ Includes foreign ores. § Source: Metals Week. Page S-26 1. Reported annual total; monthly revisions are not available. 2. Less than 50 tons. 3. See note 3 for p. S-25. 4. Break in comparability beginning Jan. 1, 1991, because of a change in the Metals Week pricing series for zinc. O Includes secondary smelters' lead stocks in refinery shapes and in copper-base scrap. X Source for monthly data: American Bureau of Metal Statistics. Source for annual data: Bureau of Mines. # Includes data not shown separately. t Effective April 1991 SURVEY, the materials handling index has been revised back to 1982 and now includes lift trucks. The index also includes new orders for automatic guided vehicles, automated storage and retrieval systems, below hook lifters, cranes, hoists, monorails, racks, shelving, casters and floor trucks, and conveyors. Revised data are available upon request. @@ Price represents North American Mean. @ Effective with the Sept. 1990 SURVEY, the new orders index numbers have been converted to a new base year of 1987-100. Data back to 1988 are available upon request. PageS-28 1. Reported annual total; revisions not allocated to the months. 2. See note 4 for p. S-19. 3. Beginning May 1991, the leaded gasoline price is not statistically valid for publication. # Includes data for items not shown separately. Page S-29 1. Reported annual total; revisions not allocated to the months. 2. See note 4 for p. S-19. ^ Source: American Paper Institute. Total U.S. estimated consumption by all newspaper users. See also note "f" for this page. § Effective with the October 1990 SURVEY, data have been revised back to 1989 to reflect adjustments made by the Rubber Manufacturers Association's Rubber Statistical Committee. X Effective with the October 1990 SURVEY, synthetic data consisting of Butyl, polyisoprene, polychloroprene, silicone, and other elastomers have been revised in keeping with data provided by the Census Bureau's MA30A report beginning in 1990. Also see note "§" on this page. # Compiled by the American Newspaper Publishers Association. t Effective with the March 1990 SURVEY, Canadian newsprint statistics have beenrevisedback to Jan. 1982 to exclude supercalendered and some soft-nip calendered paper that was originally classified as newsprint and is now classified as uncoated groundwood papers. This revision also affects estimated consumption. Revised data are available upon request. Page S-30 1. Reported annual total; revisions not allocated to the months. 2. Data are being withheld to avoid disclosing data from individual firms. 3. Data cover five weeks; other months, four weeks. 4. Beginning Jan. 1989, sales of industrial plasters are included with building plasters. 5. Nov. 1 estimate of the 1991 crop. 6. Total for crop year, Aug. 1-Jul. 31. 7. Beginning in 1991, data are available only on a quarterly basis. # Includes data for items not shown separately. ^ Cumulative ginnings to the end of month indicated. § Bales of 480 lbs. Page S-31 1. Less than 500 bales. 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. See note 4 for p. S-19. 6. Beginning in 1990, data are available only on a quarterly basis. 7. Beginning in 1991, data are available only on a quarterly basis. O Based on 480-lb. bales, preliminary price reflects sales as of the 15th;revisedprice reflects total quantity purchased and dollars paid for the entire month (revised price includes discounts and premiums). § Bales of 480 lbs. t The total may include some miscellaneous wool imports. # Series first shown in the July 1990 SURVEY. Page S-32 1. Annual total includes revisions not distributed to the months. 2. Production of new vehicles (thous. of units) for Oct. 1991: passenger cars, 585; trucks and buses, 385. 3. Data are reported on an annual basis only. 4. See note 4 for p. S-19. 5. Beginning Jan. 1989, shipments of trailer bodies are included with trailer chassis to avoid disclosure of data from individual firms. 6. Effective with the August 1990 SURVEY, data have been revised back to 1987 and are available upon request. 7. Data withheld to avoid disclosing figures for individual companies. # 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. 0 Courtesy of R.L. Polk & Co.;republicationprohibited. Because data for some States are not available, month-to-month comparisons are not strictly valid. # Series first shown in the August 1990 SURVEY. t Includes some imported trucks over 10,000 lbs. GYW. X Excludes railroad-owned private refrigerator cars and private line cars. <§> Effective with the Mar. 1991 SURVEY, seasonally adjusted retail inventories for trucks and buses have been revised back to 1989, and are available upon request. S-36 SURVEY OF CURRENT BUSINESS November 1991 Index to Current Business Statistics Sections General: Business indicators , Commodity prices Construction and real estate Domestictrade . Labor force, employment, and earnings Finance Foreign trade of the United States Transportation and communication 1-5 5, 6 7,8 8,9 9-13 13-16 16-18 18,19 Industry: Chemicals and allied products Electric power and gas Food and kindred products; tobacco Leather and products Lumber and products « Metals and manufactures Petroleum, coal, and products Pulp, paper, and paper products Rubber and rubber products Stone, day, and glass products Textile products Transportation equipment 19,20 20 20-23 23 23,24 24-27 27, 28 28,29 29 30 30-32 32 .. ,. , Footnotes , 32-35 Individual Series Advertising Aerospace vehicles Agricultural loans Air carrier operations Air conditioners (room) Aircraft and parts Alcohol, denatured and ethyl Alcoholic beverages Aluminum Apparel Asphalt Automobiles, etc Banking . . . Barley. . Battery shipments, Beef and veal Beverages Blastfurnaces, steel mills Bonds, issued, prices, sales yields Brass and bronze Brick .. 8,12 32 13 18 27 . 4,5,32 19 8,20 25 2, 4-6, 8-12,31, 32 28 2-4,6,8,9,14,15,17, 32 13,14 21 27 22 8,17,20 3-5 15,16 26 ,.. .... Building and construction materials Building costs Building permits Business incorporation (new), failures Business sales and inventories Butter 30 . 2,4, 5 7 7 5 2,3 21 Carpets 31 Cattle and calves 22 Cement .. 30 Chain-store sales, firms with 11 or more stores 9 Cheese .. 21 Chemicals. , 2-4,10-12,15,17,19, 20 Cigarettes and cigars 23 Clay products . 2-4,30 Clothing (see apparel) Coal.... 2,27 Cocoa 22 Coffee 22 Coke ..' 27 Combustion, atmosphere, heating equipment 26 Communication 15,19 Construction: Contracts 7 Costs 7 Employment, unemployment, hours, earnings 10-12 Housing starts .. 7 New construction put in place 7 Consumer credit* 14 Consumer goods output, index 1,2 Consumer Price Index 5.6 Copper and copper products 25,26 Corn ••.... 21 Cost of living (see Consumer Price Index) 5,6 Cotton, raw and manufactures 5,30,31 Credit, commercial bank, consumer 14 Crops ... . . 5,21-23,30 Crude oil 3, 27 Currency in circulation 15 Dairy products Debt, U.S. Government. Deflator, PCE Department stores, sales, inventories Deposits, bank ... Dishwashers and disposers 5,21> 14 1 9 13,15 27 1 20 1,15 8,9 Disposition of personal income . Distilled spirits Dividend payments Earnings, weekly and hourly Eating and drinking places Eggs and poultry Electric power Electrical machinery and equipment Employee-hours, aggregate, and indexes Employment and employment cost Exports (see also individual commodities) Failures, industrial and commercial. Farm prices , Fats and oils Federal Government finance Federal Reserve System Federal Reserve member banks . . . Fertilizers Fish Flooring, hardwood Flour, wheat Fluid power products. Food products Foreign trade (see also individual commod.) Freight cars (equipment) Fruits and vegetables Fuel oil Fuels Furnaces Furniture 12 8,9 5, 22 2,20 2-5,10-12,15,27 11 10-12 16-18 5 5,6 17 14 13 13 19 22 24 22 26 2-6,8,10-12,15,17,20-23 16-18 32 5 6,28 2, 6,17, 27,28 27 2, 6,8-12 Gas, output, prices, sales, revenues Gasoline Glass and products Glycerin Gold Grains and products Grocery stores. , Gypsum and products Hardware stores Heating equipment Help-wanted advertising index Hides and skins Hogs Home loan banks, outstanding advances . Home mortgages Hotels, motor hotels, and economy hotels. Hours, average weekly . Housefumishings Household appliances, radios, and television sets Housing starts and permits Imports (see also individual commodities) income, personal Income and employment tax receipts Industrial production indexes: By industry By market grouping Installment credit Instruments and related products Interest and money rates Inventories, manufacturers1 and trade Inventory-sales ratios Iron and steel 2,6, 20 28 30 19 14 5,21,22 9 30 8 26 12 6 22 8 8 18 11 2,4-6,8, 9 27 7 17,18 1 14 1,2 1,2 14 2-4,10-12 14 3, 4, 8,9 3 2,15, 24,25 Laborforce 9,10 Lamb and mutton 22 Lead 26 Leather and products 2, 6,10-12,23 Livestock 5,22 Loans, real estate, agricultural, bank (see also Consumer credit) 8,13 Lubricants 28 Lumber and products 2,6,10-12,23,24 Machine tools 26 Machinery 2-6,10-12,15,17,26,27 Manufacturers' sales (or shipments), inventories, orders 3-5 Manufacturing employment, unemployment, production workers, hours, earnings 10-12 Manufacturing production indexes 1,2 Meat animals and meats 5,22 Medical care 6 Metals 2-6, 10-12,15, 24-26 Mlk 21 Wining 2,10-12 Mobile homes, shipments, installment credit 7,14 Monetary statistics 15 Money and interest rates 14 Money supply 15 Mortgage applications, loans, rates 8,13,14 Motor carriers 18 Motor vehides 2-4, 6, 8,9,15,17,32 National parks, visits 18 Newsprint 29 New York Stock Exchange, selected data 16 Nonferrous metals 2,4,5,15,25,26 Oats......... 21 Oils and fats 17 Orders, new and unfilled, m a n u f a c t u r e r s ' . . . . . . . . . . . . . . . . 4,5 Outlays, U.S. Government 14 Paint and paint materials 20 Paper and products and pulp 2-4,6,10-12,15, 28, 29 Parity ratio. 5 Passenger cars 2 ^ , 6,8,9,15,17,32 Passports issued . 18 Personal consumption expenditures . 1 Personal income 1 Personal outlays 1 Petroleum and products 2-4,10-12,15,17, 27, 28 Pig iron 24 Plastics and resin materials . 20^ Population f Pork 22 Poultry and eggs 5,22 Price deflator, implicit (PCE) 1 Prices (see also individual commodities) 5,6 Printing and publishing 2,10-12 Private sector employment, hours, earnings ... 10-12 Producer Price Indexes (see also individual commodities)..... 6 Profits, corporate 15 Public utilities 1, 2,7,15,16,20 Pulp and pulpwood 28 Purchasing power of the dollar 6 Radio and television Railroads Ranges and microwave ovens Rayon and acetate Real estate Receipts, U.S. Government Refrigerators Registrations (new vehicles) Rent (housing) Retail trade Rice Rubber and products Qnd. plastics) 8, 27 13,16,18, 32 27 31 8,13 14 27 32 6 2,3,5, 8-12,14,32 21 2-A,6,10-12,29 Saving, personal Savings deposits ..... Savings institutions Securities issued . Security markets Services ...... Sheep and lambs. .\ Shoes and other footwear Silver Spindle activity, cotton , Steel and steel manufactures Stock market customer financing Stock prices, yields, sales, etc Stone, clay, glass products .. Sugar.. Sulfur Sulfuric add. Superphosphate Synthetic textile products. 1 13 8,14 15 15,16 6,10-12 22 23 14 .'.. 31 24,25 15 10 2-4,10-12,15, 3d23 19 19 ...... 19 3t .. ... Tea imports Telephone carriers Television and radio Textiles and products Tin...... Tires and inner tubes Tobacco and manufactures Tractors Trade (retail and wholesale) Transit lines, urban Transportation. Transportation equipment Travel Truck trailers Trucks Unemploymtrii and insurance U.S. Government bonds U.S. Government finance Utilities Vacuum cleaners Variety stores Vegetables and fruits 23 19 27 . . 2-4,10-12,15,30-32 26 29 2-4,10-12,23 27 2, 3, 5,8-12,32 18 6,10-12,15,16,18 2-6,10-12,15,17,32 ...... 18 32 ........... 2,32 9,10,13 16 15 2,6, 7,15,16, 20 27 9 5 Wages and salaries . . . . . Washers and dryers . . . . . . . Vteisr heaters Wheat and wheatflour Wholesale trade Woodpulp Wool and wool manufactures , 1,12 27 27 21,22 2,3,5,8,10-12 ., 28 31 Zinc . . . . . . . . . . a... 26
@FedFRASER