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NOVEMBER 1992 ^ VOLUME J2 NUMBER
11
SURVEY of CURRENT BUSINESS
IN THIS:ISSUE-; . .
Reconciliation of the U.S.-Canadian Current Account
U.S. DEPARTMENT OF COMMERCE ^ ECONOMICS AND STATISTICS ADMINISTRATION
BUREAU OF ECONOMIC ANALYSIS
NOVEMBER 1992 <<^ VOLUME ^ NUMBER
"II If
SURVEY of CURRENT BUSINESS
U.S. Department of Commerce
Barbara |f ackfhan FranMi^ Secretary
Economics and Statistics
; Administration ' v ';
1
10
National Income and Product Accounts
10 Selected NIPA Tables
29 NIPA Charts
31 Reconciliation and Other Special Tables
32
Reconciliation of the U.S.-Canadian Current Account
47
Gross Product of U.S. Affiliates of Foreign Direct Investors, 1987-90
55
1993 Release Dates for BEA Estimates
tfnder Secretary ftr Ec$?t0mic Affairs
Bureau of Economic Analysis
Carols.Carson* Director
$8an H;1£0img»Acting
"&$puty Director
fetmgkslt Fox
Managing Editor:: Letad L Scoitt
Business Situation
7 Corporate Profits
8 Government Sector
3*Mfatitori Stafft W. Ronnie Foster,
M. Gretsta Gib&n, EticB. Manning,
I*
OF .CURRENT BUSINESS- Published
he Bta^eau of Economic Analysis of the
S* Bepartment pf Commerce. Editorial correspondence should be addressed to the Editdrrin-Chief,
SURVEY OF CURRBHT BUSINESS, Boreaa of Economic
Analysi% ttS. Apartment of Commerces Washing*
ton* BC ±0230.
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The Secretary of Commerce has determined that
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transaction of the public business required by law of
C-pages: Business Cycle Indicators
(Seepage C-l for contents)
S-pages: Current Business Statistics
(Seepage S-36for contents and subject index)
Inside back cover: BEA Information
NOTE.—This issue of the SURVBY went to the printer on December 7* 1992,
It incorporates <kfa from the following montMy BEA news releases:
Gross Domestic Product (Nov. 25),
Personal Income and Outlays (Nov, 27), and
Composite Indexes of Leading, Coincident, and Lagging
Indicators (Dec. i),
SURVEY OF CURRENT BUSINESS
November 1992
THE BUSINESS SITUATION
Daniel Larkins,
Larry R. Moran,
and Ralph W.
Morris prepared
the first two
sections of this
article; Michael W.
Webb prepared the
section on the
government sector.
CCORDING TO the "preliminary" estimates
r the third quarter of 1992, real gross
domestic product (GDP), a measure of goods
and services produced in the United States, increased 3.9 percent; the "advance" third-quarter
estimate, issued in October, had shown a 2.7percent increase.1 Real gross domestic purchases,
a measure of goods and services purchased by
U.S. residents, increased 4.3 percent, i.o percentage point more than October's estimate. The
fixed-weighted price index for gross domestic
purchases increased 2.5 percent, o.i percentage
point more than October's estimate. (The "Revisions" section of this article discusses the sources
of revisions in the third-quarter estimates.)
The 3.9-percent increase in real GDP in the third
quarter was the largest increase since the fourth
quarter of 1988; it was substantially higher than
the increases in recent quarters (chart i). Most
of the acceleration from the second quarter to
the third was accounted for by output of goods;
output of structures swung down (table i).
The 4.3-percent increase in real gross domestic purchases in the third quarter was the largest
increase since the fourth quarter of 1987; it also
was substantially higher than the increases in
recent quarters. (Unlike GDP, gross domestic
purchases excludes exports of goods and services and includes imports of goods and services.)
The composition of the increase in gross doi. Quarterly estimates in the national income and product accounts are
expressed at seasonally adjusted annual rates, and quarterly changes are differences between these rates. Quarter-to-quarter percent changes are annualized.
Real, or constant-dollar, estimates are expressed in 1987 dollars and are based
on 1987 weights.
mestic purchases was substantially different in
the second and third quarters. In the second quarter, inventory investment—that is, the
CHART!
fceal Prbducfc
Change from Preceding Quarter
BBton1987$
60
20
GROSS DOMESTIC PRODUCT
i
|
o
||1
1..1..0 1,1..M.
jye\
,
I..I..1
•...•
-40
T
I
-60
60
PERSONAL CONSUMPTION EXPENDITURES
40
20
°
-20
9
m
-lili*-l||
|
i
4n
,4°
20
0
i
ra
»™B f
HHW'H
1 1 I
,
-40
*°
J
40
,B
CHANGE IN BUSINESS INVENTORIES
I
.
1
"1 1 IF
,
^40
/20
i
FIXED INVESTMENT
-20
40
ii..JLI
"^
NET EXPORTS
•
I,
•••=
Looking Ahead...
-20
• Historical NIPA Estimates. The summary national income
and product series for 1929 through 1992:111 will be published
in the December SURVEY. The complete set of NIPA estimates
for 1929-58 will be available on diskette and computer tape
shortly thereafter, and the publication National Income and
Product Accounts of the United States: Volume i, 1929-58 will
be available within a few months. Volume 2, covering 1959-88,
is already available (see the ad on page 56).
.1. IB
"•""I18
-40
40
GOVERNMENT PURCHASES
20
_B ,».....•
^
-20
1989
1990
1991
U.S. Department of Commerce, Bureau of Economic Analysis
1902
SURVEY OF CURRENT BUSINESS
2 • November 1992
change in business inventories—had accounted
for about one-half of the increase, and nonresidential fixed investment had accounted for most
of the rest. In the third quarter, inventory investment accounted for less than one-fourth of the
increase, and personal consumption expenditures
accounted for most of the rest.
storms are embedded in the source data and
cannot easily be separated. However, BEA has
adjusted certain components of the NIPA'S to reflect effects that are not accounted for in the
source data. Adjustments were calculated primarily to reflect the destruction of structures
and equipment owned by businesses (including owner-occupied housing, which is treated
as a business entity in the NIPA'S), insurance
benefits received by consumers and businesses,
and insurance benefits paid by foreign companies. These adjustments were presented and
described in some detail in the October "Business Situation"; hurricane-related benefits paid
by insurance companies and received by persons
and corporations have since been revised up on
the basis of new information (see "Revisions"
section).
Hurricanes Andrew and Iniki.—Hurricane Andrew struck Florida and Louisiana in late August, and Hurricane Iniki struck Hawaii in
mid-September.
As explained in the "Business Situation" in the September and October
issues of the SURVEY OF CURRENT BUSINESS,
BEA will not attempt to quantify the total impact that the hurricanes had on national income and product accounts (NIPA) aggregates
in the third quarter; most of the effects of the
Table 1.—Real Gross Domestic Product, by Major Type of Product
[Seasonally adjusted annual rates]
Percent change from preceding quarter
Billions of 1987 dollars
1991
Change from preceding quarter
1992
Level
1991
1992
IV
1992:111
4,939.4
Gross domestic product
II
I
IV
6.7
35.2
Goods
Motor vehicles
Other
1,973.5
189.9
1,783.6
Services
2,537.0
5.3
11.1
428.9
3.9
15.8
Structures
Addendum: Gross domestic purchases
4,989.1
8.3
5.8
2.5
-2.6
-2.1
-.5
-4.5
36.3
II
I
III
III
18.7
47.0
0.6
2.9
1.5
12.7
12.3
-.5
1.7
2.7
-4.7
.4
36.8
-1.7
38.5
-.1
.6
.1
9.1
2.3
14.6
.8
1.8
.4
2.3
3.8
-4.4
3.9
16.2
3.6
-4.0
52.8
-.4
3.4
4.3
41.1
14.1
30.4
3.0
3.9
7.8
-3.5
NOTE.—Most series are found in table 1.4 of the "Selected NIPA Tables." Output of motor
vehicles is the sum of auto output and truck output (from tables 8.4 and 8.6).
Table 2.—Real Personal Consumption Expenditures
[Seasonally adjusted at annual rates]
Billions of 1987 dollars
Percent change from preceding quarter
Change from preceding quarter
1992
1991
Level
1992
1991
IV
1992:111
Personal consumption expenditures
Durable goods
.
Motor vehicles and parts
Furniture and household equipment
Other
..
. ...
II
-2.2
40.3
-0.8
-3.3
16.2
-2.3
-1.3
1,052.2
514.5
191.0
Services .
..
Housing
Household operation
Energy2
Other household operations
Transportation
Medical care
Other
1,826.3
485.8
205.8
96.7
250.0
94.2
111.6
124.1
457.9
552.7
.7
-2.5
-1.5
7.5
6.5
2.3
-9.2
14.0
.3
-6.2
-1.9
-1.4
10.4
1.0
-1.9
-.7
-1.2
_2
6.7
4.7
3.6
6.6
1.8
2.1
9.9
1.4
-3.0
-2.7
-.3
-.7
2.4
9.8
II
I
III
III
439.9
179.2
181.4
Nondurable goods
Food
Clothing and shoes
Enerav!
..
Other
"'
1. Gasoline and oil, and fuel oil and coal.
2. Electricity and gas.
I
3,318.4
79.4
..
IV
0
-1.1
-4.0
-5.4
.3
1.9
g
5.6
2.1
2.6
1.6
1.0
1.0
4.1
-4.1
29.9
9.9
-1.0
7.0
4.0
6.6
1.0
6.6
-1.1
.2
13.4
2.5
1.6
-.3
1.9
2.8
4.2
2.2
-0.3
-3.1
1.6
-5.7
77
-3.5
.2
-12.8
-7.7
-2.2
2.3
.8
-3.6
-2.9
-4.3
-.7
6.2
3.5
5.1
16.5
18.4
16.4
13.0
5.5
2.8
15.7
7.9
3.4
2.2
1.2
-5.7
-10.8
-1.1
-2.3
2.2
7.4
-0.1
-2.1
-2.8
0
-5.6
-1.5
-4.1
.7
8.2
-1.4
1.2
1.8
5.3
7.1
3.7
3.4
3.7
-2.9
3.7
9.5
-2.2
17.0
23.0
2.5
.8
15.1
-4.4
.3
3.0
2.1
3.2
-1.3
7.1
9.6
3.8
1.6
NOTE.—Dollar levels are found in table 2.3 of the "Selected NIPA Tables," and percent changes
in major aggregates are found in table 8.1.
SURVEY OF CURRENT BUSINESS
Personal consumption expenditures
Real personal consumption expenditures (PCE)
increased 3.7 percent in the third quarter after
changing little in the second (table 2). Expenditures for nearly all types of goods and services
increased in the third quarter.
The increase in PCE is surprisingly large in light
of the weakness in major factors associated with
consumer spending. Real disposable personal
income increased only 0.4 percent in the third
quarter after increasing modestly, 1.2 percent, in
the second. The unemployment rate increased
slightly, to 7.6 percent. The Index of Consumer
Sentiment (prepared by the University of Michigan's Survey Research Center) declined for the
third time in four quarters.
Expenditures for durable goods increased 9.5
percent in the third quarter after declining 2.1
percent in the second. Furniture and household
equipment increased 17.0 percent after no change;
consumer electronics accounted for much of the
increase. "Other" durable goods jumped 23.0
percent after declining 5.6 percent; jewelry and
books accounted for much of the increase. Motor vehicles and parts decreased 2.2 percent after
decreasing 2.8 percent; the third-quarter decrease
mainly reflected a drop in new foreign cars that
was partly offset by an increase in new domestic
cars.
Expenditures for services increased 3.0 percent
in the third quarter after increasing 1.2 percent in
the second. All major components contributed to
the third-quarter increase. A 9.6-percent increase
November 1992
in transportation was primarily accounted for by
increased air travel, probably in response to fare
reductions by most major airlines. Medical care
increased 3.8 percent, about as much as in the
second quarter.
Expenditures for nondurable goods increased
2.5 percent in the third quarter after decreasing 1.5 percent in the second. Clothing and
shoes accounted for the increase. Food and
"other" nondurable goods changed little, and
energy decreased.
Nonresidential fixed investment
Real nonresidential fixed investment increased
1.9 percent in the third quarter after a 16.1percent jump in the second quarter that mainly
reflected shipments of civilian aircraft that had
been ordered many quarters earlier (table 3).
Excluding the second-quarter jump, nonresidential fixed investment has been lackluster at
best, reflecting the mix of factors that underlie investment spending. The yield on new high-grade
corporate bonds decreased almost i percentage
point over the past four quarters; during the
same period, corporate profits and cash flow increased almost 10 percent (and would have been
up substantially more were it not for Hurricanes
Andrew and Iniki). In contrast, real final sales of
domestic product has been sluggish, increasing
less than 2 percent over the past four quarters.
During the same period, the capacity utilization
rate in manufacturing has drifted down slightly;
in the third quarter it was more than 7 percentage
points below its cyclical peak.
Table 3.—Real Gross Private Domestic Fixed Investment
[Seasonally adjusted at annual rates]
Billions of 1987 dollars
Percent change from preceding quarter
Change from preceding quarter
1991
1992
Level
1991
1992
IV
1992:111
Gross private domestic fixed investment
Nonresidential
II
I
IV
708.7
-2.1
12.1
517.1
-6.6
3.7
Structures
Nonresidential buildings including farrn
Utilities
Mining exploration shafts and wells
Other
143.4
-4.6
-4.7
1.0
-.6
1.3
-.6
.9
Producers' durable equipment
Information processing and related equipment
Industrial equipment
Transportation and related equipment
Other
373.7
166.8
Residential
Single-family structures
Multifamily structures
Other
94.2
26.5
10.6
12.1
66.4
78.6
62.0
191.6
103.7
11.3
76.5
NOTE.-Dollar levels are found in table 5.5 of the "Selected NIPA Tables," and percent changes
in major aggregates are found in table 8.1.
0
.1
0
-2.1
4.8
_ -|
-5'.4
-1.4
4.7
4.5
-.2
.3
2.7
4.4
-1.3
11
.6
8.3
6.7
-.8
2.4
II
I
III
III
24.5
18.9
-.3
-1.6
0
-.1
1.3
19.2
5.6
.2
12.9
.6
5.6
2.3
1.1
2.2
2.8
2.4
-5.7
-7.2
0
.2
1.4
8.1
13.0
.5
-5.5
7.4
15.2
-5.2
3.0
16.1
-11.5
-16.3
0
3.7
0
2.7
23
-1.2
-2.4
14.5
-.6
250
.2
-8.7
.4
.8
11.3
21.7
-6.2
-1.4
.9
1.7
22.3
-19.9
49.6
3.2
12.8
-7.5
-5.9
4.0
-.8
-6.1
0
38
1.9
144
-25.5
0
7.9
67.9
63.5
24.1
16.0
38.3
1.2
94.7
4.0
20.1
31.7
12.6
-23.4
43.7
12.5
14.2
1.6
9.5
9.2
3.1
-23.7
1.3
.8
3.1
-37.3
4.8
SURVEY OF CURRENT BUSINESS
4 • November 1992
Structures decreased 14.4 percent in the third
quarter after decreasing 0.8 percent in the second. Nonresidential buildings decreased for the
eighth consecutive quarter; industrial and commercial buildings contributed about equally to
the third-quarter decrease. Utilities' construction
was again unchanged.
Producers' durable equipment increased 9.2
percent in the third quarter after increasing 24.1
percent in the second. Transportation equipment
decreased after a sharp upswing in the second
quarter; most of the decrease was accounted
for by civilian aircraft, which had accounted
for almost two-thirds of the second-quarter upswing. Information processing equipment increased substantially after several quarters of
smaller increases.
Residential investment
Real residential investment increased 0.8 percent
in the third quarter after increasing 12.6 percent
in the second. The third-quarter increase was
the smallest in six quarters. In the third quarter,
a decrease in multifamily structures largely offset moderate increases in single-family structures
and in the "other" component.2
Single-family construction increased much less
in the third quarter than in the second and much
less in the second than in the first. Most of
the slowdown reflected a shift toward the construction of smaller units or of units with fewer
2. The "other" component of residential investment includes additions and alterations, major replacements, new mobile home sales, brokers'
commissions on house sales, and residential equipment.
amenities; single-family housing starts slowed
only from 1.05 million units (seasonally adjusted
annual rate) in the first quarter to 1.02 million
units in the third (chart 2).
Multifamily construction decreased in the third
quarter after increasing in the second. The
increase was only the second one in 3 years.
In the "other" component, increases in improvements and in new mobile home sales were
partly offset by a small decrease in brokers' commissions on house sales. House sales changed
little in the third quarter, despite a continued
slide in mortgage interest rates (chart 3).
Inventory investment
Real inventory investment—that is, the change
in business inventories—increased $12.4 billion in
the third quarter after increasing $20.4 billion in
the second (table 4). The third-quarter increase
reflected a step-up in inventory accumulation;
the second-quarter increase had reflected a swing
from liquidation to moderate accumulation.
Nonfarm inventories increased $14.8 billion in
the third quarter after increasing $6.0 billion in
the second. The step-up was attributable to
an upswing in manufacturing inventories and
to faster accumulation of nonauto retail trade
inventories.
Manufacturing inventories increased $4.5 billion in the third quarter after five consecutive
quarterly decreases. The increase was accounted
for by substantial accumulations in inventories of
nondurables—mainly in the chemicals, food, and
CHART 2
CHART 3
2,0
12
Mortgage Commitments
16
a
1*0
Single Family
3-Month Treasury Bills \
\,' \/-''\.__^ A MuKifamily
! U.S. Department of Commerce, Bureau of Economic Analysis
'&&'E%a^
November 1992 • 5
SURVEY OF CURRENT BUSINESS
apparel industries. Inventories of durable goods
industries decreased for the eighth consecutive
quarter; the third-quarter decrease was largely in
transportation equipment, mainly aircraft.
Wholesale trade inventories increased $1.1 billion in the third quarter after increasing $3.2
billion in the second. In the third quarter, an increase in inventories of durable goods was largely
offset by a decrease in inventories of nondurable
goods. Motor vehicles and parts accounted for
about one-half of the increase in durable goods;
farm products and petroleum and petroleum
products more than accounted for the decrease
in nondurable goods.
Retail trade inventories increased $10.8 billion
in the third quarter after increasing $11.8 billion
in the second. Auto dealers' inventories increased
substantially less in the third quarter than in the
second. Other retail trade inventories increased
more in the third quarter than in the second,
largely reflecting stepped-up accumulations in
apparel and department stores.
Farm inventories increased $5.3 billion in the
third quarter after increasing $1.8 billion in the
second. Inventories of crops increased more
than in the second quarter; the third-quarter
increase primarily reflected a pickup in crop output. Inventories of livestock increased slightly
after a decrease; the upswing reflected weak
open-market sales.
Reflecting the third-quarter increases in nonfarm inventories and in final sales of domestic
businesses, the constant-dollar ratio of nonfarm
inventories to final sales edged down to 2.57,
just below the 2.58-2.64 range in which it had
fluctuated for 3^2 years.
Net exports of goods and services
Real exports increased in the third quarter after
decreasing slightly in the second; real imports increased about as much in the third quarter as in
the second (table 5).
The third-quarter increase in exports was more
than accounted for by merchandise exports,
which increased 14.7 percent after slipping o.i
percent. Agricultural exports increased after decreasing, and nonagricultural exports increased
10.8 percent, its eighth consecutive increase.
Table 4—Change in Real Business Inventories
[Seasonally adjusted at annual rates]
Change from preceding quarter
Level
1991
III
Change in business inventories
IV
1.6
Nonfarm
Manufacturing
Wholesale trade
Retail trade
Auto dealers
Other retail trade
Other .
..
-1.0
-7.6
0
12.8
6.5
6.3
-6.2
II
-12.6
7.8
-1.9
1.8
11.8
-10.7
6.0
-11.3
-8.7
-5.6
7.5
13.3
12.3
.5
4.8
9
13.2
-2.6
3.2
5.3
14.8
4.5
1.1
3.2
10.8
11.8
5.5
6.3
1.6
9.2
-1.5
-2.5
1992
I
"II
III
20.4
12.4
6.9
-20.1
-5.8
2.3
3.7
3.5
12.8
-3.7
13.3
-.5
74
6.9
3.6
-22.5
2.6
-18.9
-11.8
5.7
-17.5
5.8
16.7
2.2
8.8
11.3
.7
10.6
57
8.8
11.0
-2.1
-1.0
-3.9
2.9
1.0
20.2
-6.5
-4.3
IV
III
-4.2
0.6
Farm
1991
1992
I
NOTE.—Dollar levels for most inventories are found in table 5.13 of the "Selected NIPA Tables,"
and dollar changes are found in table 5.11.
Table 5.—Real Net Exports of Goods and Services
[Seasonally adjusted at annual rates]
Billions of 1987 dollars
Percent change from preceding quarter
Change from preceding quarter
1991
1992
Level
1991
1992:111
Net exports of goods and services .
Exports of goods and services
Merchandise
Agricultural products
Nonagricultural products
Services
Imports of goods and services
Merchandise
Petroleum and products
Nonpetroleum products
Services
.
11.1
576.2
422.2
17.2
12.1
380.0
154.0
625.9
526.0
52.8
473.2
100.0
IV
I
-49.8
42.2
,
IV
1992
1.8
10.3
5.0
6.0
4.3
-5.9
10.2
1.7
II
-1.0.
4.0
.8
.6
.2
3.3
5.0
5.8
.2
5.6
-.8
-22.4
-5.9
-2.0
12.8
14.2
-.1
-1.1
1.0
4.6
9.6
-1.9
-1.4
20.5
19.8
18.6
18.2
4.2
15.5
.7
1.9
16.4
.5
NOTE.—Dollar levels are found in tables 4.2 and 4.4 of the "Selected NIPA Tables," and percent changes in major aggregates are found in table 8.1.
I
II
III
III
13.3
12.8
21.4
12.0
14.1
2.9
.8
6.4
.2
8.9
-1.4
-.1
-10.9
1.1
-4.7
9.4
14.7
58.7
10.8
-3.6
4.2
3.6
-38.0
9.9
7.1
3.5
4.9
1.7
5.2
-3.2
14.7
17.2
41.1
14.8
2.9
12.8
15.1
15.8
15.2
2.0
6 • November 1992
SURVEY OF CURRENT BUSINESS
Among nonagricultural exports, most major enduse categories were up in the third quarter;
nonautomotive capital goods were up the most,
despite a sharp falloff in exports of civilian aircraft. Exports of services decreased 3.6 percent
after decreasing 4.7 percent.
The third-quarter increase in imports was almost entirely due to merchandise imports, which
increased 15.1 percent after increasing 17.2 percent. Imports of petroleum products increased
15.8 percent after jumping 41.1 percent. Imports
of nonpetroleum products increased 15.2 percent,
a little more than in the second quarter; most of
the third-quarter increase was in nonautomotive
capital goods and in consumer goods. Imports
of services increased 2.0 percent after increasing
2.9 percent.
State and local government purchases increased
1.4 percent in the third quarter after decreasing
0.2 percent in the second. The upswing reflected
a rebound in construction.
Revisions
The preliminary third-quarter estimate of a 3.9percent increase in real GDP is 1.2 percentage
points higher than the advance estimate issued
in October (table 7). All major components of
GDP were revised up. The largest revisions were
in exports ($10.2 billion) and in imports ($8.4
billion), primarily reflecting newly available merchandise trade data for September. A $5.5 billion
upward revision in inventory investment primarily reflected the incorporation of newly available
data on retail inventories for September. Personal consumption expenditures was revised up
$2.3 billion, mainly reflecting revised data on
retail sales for August and September. Nonresidential fixed investment was revised up $2.0
billion, mainly reflecting revised manufacturers'
shipments for August and newly available data
for September.
For real gross domestic purchases, the preliminary estimate of a 4.3-percent increase is i.o
percentage point higher than the advance estimate. This revision is smaller than the revision
in GDP because revisions in gross domestic purchases are not affected by revisions in exports and
imports.
The increases in the fixed-weighted price indexes for gross domestic purchases and for GDP
were each revised up o.i percentage point.
Revisions were also made to several of the
third-quarter adjustments to the NIPA'S for
the impact of Hurricanes Andrew and Iniki.
Current-dollar estimates of benefits paid by insurance companies were revised up from $49.2
Government purchases
Real government purchases increased 3.3 percent
in the third quarter after decreasing 1.2 percent
in the second (table 6). The upswing mainly
reflected a turnaround in Federal Government
defense purchases, but Federal nondefense purchases and State and local government purchases
also contributed.
Federal defense purchases increased 6.7 percent in the third quarter after decreasing in the
five preceding quarters. The increase was accounted for by military hardware, particularly
missiles, and by purchases of services excluding
compensation of employees.
Federal nondefense purchases increased 5.5
percent in the third quarter after increasing 3.3
percent in the second. The pickup was accounted for by faster inventory accumulation by
the Commodity Credit Corporation. "Other"
nondefense purchases increased 2.6 percent in the
third quarter, the same rate as in the second.
Table 6.—Real Government Purchases
[Seasonally adjusted at annual rates]
Percent change from preceding quarter
Billions of 1987 dollars
Change from preceding quarter
1991
Level
1991
1992:111
Government purchases
Federal
National defense
...
Nondefense
Commodity Credit Corporation inventory change
Other
State and local
Structures
Other ....
1992
IV
IV
I
941.8
-7.1
378.4
266.4
-9.0
-9.6
112.1
.9
111.2
563.4
85.6
477.8
NOTE—Dollar levels are found in table 3.8B of the "Selected NIPA Tables," and percent
changes in major aggregates are found in table 8.1.
1992
.6
II
3.9
-2.9
-5.4
1.7
2.5
1.1
1.4
1.9
1.7
.2
6.9
6.3
.6
-1.1
II
I
III
III
-1.2
3.3
-3.0
-7.7
9.7
-2.7
-5.2
3.3
6.3
6.7
5.5
6.5
5.3
2.6
2.6
1.4
8.9
.2
5.1
35.1
.5
-.2
-7.6
1.2
1.4
1.9
1.3
-2.8
7.6
-3.0
-2.6
-3.5
5.7
4.3
1.5
.8
.7
-9.0
-13.0
2.3
1.9
.4
1.5
.9
.2
.7
-.3
-1.7
1.4
1.7
SURVEY OF CURRENT BUSINESS
billion to $60.0 billion on the basis of revised
information from an insurance industry trade association. The hurricane adjustment to rental
income of persons was revised from -$9.4 billion
to —$4.2 billion. In addition, the hurricanes' effect on corporate profits was revised from -$40.3
billion to -$45.5 billion.
Corporate Profits
Profits from current production—profits before
tax plus inventory valuation adjustment (IVA)
and capital consumption adjustment (ccAdj)—
decreased $18.0 billion, to $370.4 billion, in the
Table 7. —Revisions in Selected Real NIPA Components,
Third Quarter 1992
[Seasonally adjusted at annual rates]
Billions of
1987 dollars
Percent change
from preceding
quarter
Preliminary
estimate
minus
advance
estimate
PrelimiAdvance nary
esestimate timate
Gross domestic product
14.9
2.7
Loss' Exports of goods and services
Plus: Imports of goods and services
10.2
8.4
1.9
6.9
Equals: Gross domestic purchases
13.1
3.3
4.3
Personal consumption expenditures
Durables
Nondurables
Services
2.3
.9
2.2
-.7
3.4
8.6
1.7
3.1
3.7
9.5
2.5
3.0
Fixed investment
Nonresidential
Residential
2.3
2.0
.2
.3
.3
.4
1.6
1.9
.8
Change in business inventories
Nonfarm
Farm
5.5
5.0
.3
Government purchases
Federal
State and local
3.0
1.7
1.3
2.0
4.4
.4
3.9
9.4
3.3
6.3
1.4
Table 8.—Corporate Profits
[Seasonally adjusted at annual rates]
Level
.1
2.1
2.2
.1
2.4
2.5
Change from
preceding
quarter
1992:111
1992:11 1 1992:111
Billions of dollars
Profits from current production
Domestic
Financial
Nonfinancial
Rest of the world
IVA
CCAdj
Profits before tax
Profits tax liability
Profits after tax
1. Not at annual rates.
NOTE.-Preliminary estimates for the third quarter of 1992 incorporate the following revised
or additional major source data that were not available when the advance estimates were
prepared a month ago.
Personal consumption expenditures: Revised retail sales for August and September, and
consumers' share of new car purchases for August.
Nonresidential fixed investment: Construction put in place for July and August (revised) and
September, manufacturers' shipments of machinery and equipment for August (revised) and
September, and business' share of new car purchases for August.
' Residential investment: Construction put in place for July and August (revised) and
September.
Change in business inventories: Manufacturing and trade inventories for August (revised)
and September.
Net exports of goods and services: Merchandise exports and merchandise imports for
August (revised) and September.
Government purchases: Federal outlays for September, State and local construction put in
place for August (revised) and September.
Wages and salaries: Revised employment, average hourly earnings, and average weekly
hours for August and September.
GDP prices: Detailed merchandise export and import price indexes for July through
September, values and quantities of petroleum imports for September, and housing prices for
the quarter.
third quarter after increasing $4.4 billion in
the second (table 8). Profits from the domestic operations of financial corporations, down
$23.1 billion, more than accounted for the decrease. Profits from the domestic operations of
nonfinanciai corporations increased $4.3 billion,
reflecting increases both in the unit profits and
in the real gross product of these corporations.
Profits from the rest of the world increased $0.9
billion; receipts of profits from foreign affiliates
of U.S. corporations decreased $0.8 billion, but
payments of profits by U.S. affiliates of foreign
corporations decreased more, $1.7 billion.
Cash flow from current production, a profitsrelated measure of internally generated funds
available to corporations for investment, increased $6.0 billion after decreasing $1.2 billion.
The increase in cash flow, together with a decrease in (current-dollar) nonresidential fixed
investment, lifted cash flow as a percentage of
nonresidential investment to 90.3 percent from
88.8 percent.
These estimates for the third quarter reflect the
effects of Hurricanes Andrew and Iniki. Esti-
12.8
Index
numbers,
1987=100 '
GDP price index (fixed weights)
Gross domestic purchases price index (fixed
weights)
November 1992 •
Profits by industry:
Profits before tax with IVA .
Domestic
Financial
Nonfinancial
Manufacturing
Trade
Transportation and public utilities
Other
Rest of the world
Receipts (inflows)
Payments (outflows)
370.4
308.6
4.4
61.9
12.1
-8.4
20.5
-7.7
-9.8
29.7
-10.1
3.7
350.5
131.7
218.8
10.7
28.1
280.5
340.7
278.8
37.8
241.0
7.7
3.0
.7
8.4
-8.8
17.1
-18.0
188
-23.1
4.3
.9
5.7
2.7
-26.3
-12.4
-13.9
-20.7
-21.6
-23.5
2.0
177
6.8
-7.2
-1
61.9
66.3
4.4
-7.7
0
7.7
.9
-.8
-1.7
Dollars
Unit prices, costs, and profits of domestic
nonfinanciai corporations:
Unit price ..
Unit labor cost
Unit nonlabor cost
Unit profits from current production
1.152
.756
.295
.101
0.005
-.001
-.001
.007
0.001
-.004
.003
.001
NOTE.—Levels of these and other profits series are found in tables 1.14, 1.16, 6.16C, and
7.15 of the "Selected NIPA Tables."
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
"J
SURVEY OF CURRENT BUSINESS
8 • November 1992
mates of the quantifiable effects of the hurricanes
reduced profits (mainly of financial corporations)
by about $45 billion. Casualty insurance losses
amounted to $60 billion, and writeoffs for the depreciated value of destroyed plant and equipment
amounted to $14 billion. Receipts of $17 billion
of insurance benefits and $12 billion of reinsurance paid by foreign insurers partly offset these
losses.
Profits before tax and related measures.—Profits
before tax (PBT) decreased $26.3 billion in the
third quarter. The difference between the $18.0
billion decrease in profits from current producTable 9.—Government Sector Receipts and Expenditures
[Billions of dollars, seasonally adjusted at annual rates]
Level
Change from preceding quarter
Government Sector
1992
1991
1992: III
III
IV
I
II
III
1,821.0
2,113.7
-292.8
23.0
32.9
-9.9
12.7
43.7
25.6
61.6
13.7
26.3
11.3
18.9
-7.6
1,155.4
10.4
Government sector
Receipts
Expenditures
Surplus or deficit (-)
-31.1
360
-12.6
Federal Government
Receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
Expenditures
Purchases
National defense
Nondefense
Of which: Commodity Credit Corporation inventory
change
Transfer payments (net)
To persons
To rest of the world
Grants-in-aid to State and local governments
,
Net interest paid
Subsidies less current surplus of government enterprises
Subsidies
Of which' Agricultural subsidies
Less: Current surplus of government enterprises
Less: Wage accruals less disbursements
Surplus or deficit (-)
476.2
108.1
81.3
489.8
.3
3.4
1.9
4.8
1.8
-1.3
16
2.5
2.1
13.9
-3.8
8.9
16
10.3
1,457.3
19.2
39.4
44.4
454.1
318.4
135.7
-2.7
-4.0
-6.4
-7.2
-1.1
1.5
621.6
610.4
-1.6
30.7
11.2
25.7
174.2
187.2
20.2
24.7
2.7
4.5
0
-301.9
1.4
5.0
1.6
-1.4
-8.6
-9.2
-9.1
-5
.4
-8.8
.7
-1.8
20.4
13.0
7.4
10.2
3.3
12.0
11.4
11.5
-.6
0
4.2
6.5
-4.2
6.1
.6
3.9
20.2
.3
-1.9
5.3
1.7
1.3
.6
9.7
8.0
1.6
9.0
.7
1.1
.7
.3
-.5
0
43.9
33.2
10.7
1.5
-3.2
-2.0
-2.5
-2.7
-.5
0
5.7
12.0
102
1.5
2.3
Personal tax and nontax receipts
Corporate profits tax accruals ..
Indirect business tax and nontax accruals
Contributions for social insurance
....
Federal grants-in-aid
Expenditures
Purchases
Of which' Structures
Transfer payments to persons
Net interest paid
Less: Dividends received by government
Subsidies less current surplus of government enterprises
Subsidies
Less: Current surplus of government enterprises
Less1 Wage accruals less disbursements
Surplus or deficit (-)
Social insurance funds
Other
839.7
153.1
23.6
424.8
64.0
174.2
830.6
668.8
93.9
238.7
-43.3
10.1
-23.6
.4
24.0
0
9.1
57.2
-48.1
14.2
1.1
.8
9.8
.8
1.6
9.3
6.7
2.6
1.6
2.2
4.5
-2.4
0
-.3
-6.7
-6.9
-7.7
-.3
0
-37.7
-30.5
13.8
1.1
21.1
13.2
16.2
5.7
15.3
5.2
2.5
9.1
1.1
0
-.1
0
.1
0
-1.1
-.7
-.4
NOTE.—Dollar levels are found in tables 3.2 and 3.3 of the "Selected NIPA Tables."
5.0
-.5
5.4
1.0
10.2
14.5
3.5
.6
9.5
1.3
.2
.3
0
-.3
0
6.6
-.6
7.2
1.0
2.5
7.5
.7
1.5
18.6
8.5
5.1
8.9
1.2
.1
.1
0
-.1
0
55
-1.0
-4.5
1.7
1.6
3.2
.7
9.0
15.1
6.3
-.6
8.7
1.1
.3
-.7
0
.7
0
The fiscal position of the government sector continued to deteriorate in the third quarter of
1992, as the combined deficit of the Federal Government and of State and local governments
increased $7.6 billion, to $292.8 billion (table 9).
The Federal Government deficit decreased $1.1
billion; the State and local government surplus
decreased $8.6 billion.
Federal
4.6
State and local governments
Receipts
tion and the $26.3 billion decrease in PBT reflected
changes in the IVA and in the ccAdj.
The IVA is an estimate of inventory profits with
the sign reversed. Inventory profits decreased $5.7
billion, reflecting a slowdown in the rate at which
prices of inventoried goods increased. The Producer Price Index, a major source for inventory
prices, slowed to a 2.1-percent increase (annual
rate) in the third quarter from a 4.2-percent
increase in the second.
The ccAdj is the difference between the predominantly tax-based depreciation measure that
underlies PBT, on the one hand, and BEA'S estimate of the consumption of fixed capital, on the
other; the ccAdj increased $2.7 billion in the third
quarter.
.3
-2.3
7.0
.6
0
14.4
4.4
1.0
9.3
1.0
.1
-.3
0
.3
0
1.1
-8.6
-.4
1.5
-7.8
-.8
The Federal Government deficit decreased to
$301.9 billion, as receipts increased more than
expenditures.
Receipts increased $5.7 billion in the third
quarter after increasing $6.5 billion in the second. Within receipts, a sharp upturn in personal
tax and nontax receipts was offset by a sharp
downturn in corporate profits tax accruals. Personal tax and nontax receipts increased $12.0
billion after decreasing $4.2 billion; the secondquarter decline was attributable to a revision
of the income-tax-withholding tables in March.
Corporate profits tax accruals decreased $10.2 billion after increasing $6.1 billion; the downswing
reflected the pattern of corporate profits, which
was affected by Hurricanes Andrew and Iniki.
Indirect business tax and nontax accruals increased $1.5 billion after increasing $0.6 billion,
and contributions for social insurance increased
$2.3 billion after increasing $3.9 billion.
Expenditures increased $4.6 billion after increasing $20.2 billion. All expenditure categories except purchases contributed to the slowdown; purchases turned up sharply and more
than accounted for the third-quarter increase in
expenditures.
SURVEY OF CURRENT BUSINESS
Transfer payments slowed to a $2.2 billion
increase from a $9.7 billion increase. Transfer payments to persons increased $4.5 billion
after an increase of $8.0 billion. The slowdown was due to benefits paid under the Emergency Unemployment Compensation Act of 1991,
which decreased $1.7 billion after increasing $0.9
billion, to hospital and supplementary medical insurance payments (medicare), which increased $3.0 billion after increasing $3.9 billion,
and to supplemental security income, which increased $0.8 billion after increasing $1.5 billion.
Transfer payments to the rest of the world decreased $24 billion after an increase of $1.6
billion.
Grants-in-aid to State and local governments
was unchanged in the third quarter after increasing $9.0 billion. The slowdown was spread
across most major programs, including education, aid to families with dependent children, and
highways.
Subsidies less the current surplus of government enterprises decreased $6.7 billion after increasing $1.1 billion.
The downturn
was attributable to agricultural subsidies, which
decreased $7.7 billion after increasing $0.3 billion.
Purchases increased $9.3 billion after decreasing
$0.3 billion. The upturn was largely in defense
purchases and reflected significant increases in
research and development, in installation sup-
port, and in military equipment, notably missiles.
Nondefense purchases increased $2.6 billion after increasing $1.7 billion; the acceleration was
attributable to farm products held in inventory
by the Commodity Credit Corporation, which
increased $1.6 billion after increasing $0.6 billion.
State and local
The State and local government surplus decreased to $9.1 billion, as expenditures increased
considerably more than receipts.
Receipts increased $5.7 billion in the third
quarter after increasing $16.2 billion in the second. The slowdown was largely attributable to
Federal grants-in-aid. Reflecting the pattern of
corporate profits, corporate profits tax accruals
decreased $2.3 billion after increasing $1.6 billion. Indirect business tax and nontax accruals
increased $7.0 billion after increasing $3.2 billion.
Expenditures increased $14.4 billion after increasing $15.1 billion. Purchases increased $4.4
billion after increasing $6.3 billion; the deceleration was primarily in employee compensation,
mostly in earnings. Purchases other than compensation increased $1.1 billion after decreasing
$1.0 billion; the upswing was most pronounced
in purchases of structures. All other expenditure
categories combined increased $9.9 billion after
increasing $8.8 billion; much of the acceleration
was in transfer payments to persons. 0
November 1992
SURVEY OF CURRENT BUSINESS
10
November 1992
NATIONAL INCOME AND PRODUCT
ACCOUNTS
Selected NIPA Tables
New estimates in this issue: Third quarter 1992, preliminary.
The selected set of national income and product accounts (NIPA) tables shown in this section presents quarterly estimates, which are updated monthly. (In most tables, the annual estimates are also shown.) Alternative
quantity and price measures are not yet available; leaders are shown for these parts.
The tables shown are available on the day of the gross domestic product (GDP) news release on printouts
and diskettes on a subscription basis or from the Commerce Department's Economic Bulletin Board. Most
shown in this section are available, beginning with 1959, on diskette or magnetic tape. For order information,
write to the National Income and Wealth Division (BE-54), Bureau of Economic Analysis, Washington, DC 20230,
or call (202) 523-0669.
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
Table 1.2.—Gross Domestic Product in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1990
1991
1991
II
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
Net exports of goods and
services
Exports
Imports
Government purchases
Federal
National defense
Nondefense
State and local
IV
III
1990
1992
I
II
3,748.4 3,887.7 3,871.9 3,914.2 3,942.9 4,022.8 4,057.1 4,108.1
464.3 446.1 441.4 453.0 450.4 469.4 470.6 482.7
1,224.5 1,251.5 1,254.2 1,255.3 1,251.4 1,274.1 1,277.5 1,293.0
2,059.7 2,190.1 2,176.3 2,205.9 2,241.1 2,279.3 2,309.0 2,332.4
799.5
721.1
710.2
732.8
736.1
722.4
773.2
786.4
793.2
577.6
201.1
731.3
541.1
180.1
732.0
545.8
185.2
732.6
538.4
175.6
726.9
528.7
169.7
738.2
531.0
170.1
765.1
550.3
170.3
765.3
547.9
164.8
376.5
215.6
360.9
190.3
360.6
186.2
362.8
194.2
358.9
198.2
360.8
207.2
380.0
214.8
383.0
217.5
-10.2
-10.3
0
-21.8
-27.0
5.2
-1.2
-68.9
-21.8
-15.3
-27.1
-16.0
557.0
625.9
598.2
620.0
594.3
609.6
602.3
629.5
622.9
638.9
.2
1.4
9.2
14.5
-5.3
-15.8
-13.3
8.1
6.4
1.7
21.1
15.8
-8.1
-37.1
-34.9
628.1
636.2
625.4
662.5
639.5
674.4
-2.4
5.3
1,043.2 1,090.5 1,090.8 1,093.3 1,090.3 1,103.1 1,109.1 1,122.9
426.4
314.0
112.4
616.8
447.3
323.8
123.6
643.2
449.9
325.9
124.0
640.8
447.2
321.9
125.3
646.0
440.8
314.7
126.1
649.5
445.0
313.6
131.4
658.0
444.8
311.7
133.1
664.3
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
II
III
5,522.2 5,677.5 5,657.6 5,713.1 5,753.3 5,840.2 5,902.2 5,982.5
6.3
3.3
3.1
1991
1991
454.1
318.4
135.7
668.8
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
Net exports of goods and
services
Exports
Imports
Government purchases
Federal
National defense
Nondefense
State and local
1992
IV
III
I
II
III
4,877.5 4,821.0 4,817.1 4,831.8 4,838.5 4,873.7 4,892.4 4,939,4
3,260.4 3,240.8 3,239.3 3,251.2 3,249.0 3,289.3 3,288.5 3,318,,4
439.3 414.7 411.3 419.4 416.1 432.3 430.0 439,,9
1,056.5 1,042.4 1,046.3 1,044.8 1,035.6 1,049.6 1,045.6 1,052.2
1,764.6 1,783.7 1,781.8 1,787.0 1,797.4 1,807.3 1,812.9 1,826,3
739.1
661.1
649.5
672.0
676.9
668.9
713.6
728.9
732.9
538.1
179.1
670.4
500.2
157.6
669.8
503.0
162.2
671.4
498.7
153.0
669.3
492.1
148.4
681.4
495.8
149.4
705.9
514.7
149.1
708.7
517.1
143.4
359.0
194.8
342.6
170.2
340.8
166.9
345.8
172.6
343.7
177.3
346.4
185.6
355.6
191.2
373.7
191.6
-9.3
-9.6
-1.0
.3
-20.4
-24.5
4.1
1.6
11.8
-4.2
-51.8
-21.8
-17.4
-31.6
-20.5
-21.5
-43.9
-49,8
510.0
561.8
539.4
561.2
536.1
553.5
544.2
575.8
561.4
581.8
565.4
586.8
563.4
607.3
576.2
625.9
929.9
941.0
945.6
940.2
933.1
937.0
934.2
941.8
383.6
283.3
100.3
546.3
388.3
282.8
105.5
552.7
393.8
287.6
106.2
551.8
387.2
280.6
106.6
553.0
378.2
271.0
107.2
554.9
375.3
265.6
109.7
561.8
372.7
262.1
110.6
561.5
378.4
266.4
112.1
563.4
6.2
3.7
2.5
.6
7.5
-12.6
-10.7
-1.9
7.8
6.0
1.8
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
20.2
14.8
5.3
SURVEY OF CURRENT BUSINESS
Table 1.3.—Gross Domestic Product by Major Type of Product
November 1992 • 11
Table 1.4.—Gross Domestic Product by Major Type of Product
in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
1991
1991
1990
II
Gross domestic
product
Final sales of domestic
product
Change in business
inventories
Goods l
Seasonally adjusted at annual rates
1992
IV
III
II
I
1990
5,515.9 5,687.7 5,679.4 5,712.9 5,744.2 5,855.9 5,894.1 5,961.4
-10.2
6.3
-21.8
.2
9.2
-15.8
8.1
21.1
2,166.4 2,182.5 2,179.1 2,195.1 2,197.6 2,217.8 2,241.3 2,281.2
Final sales
Change in business
inventories
Durable goods
Final sales
Change in business
inventories
Nondurable goods .
Final sales
Change in business
inventories
Services l
2,160.0 2,192.7 2,200.9 2,194.9 2,188.4 2,233.6 2,233.2 2,260.1
6.3 .
919.7
920.6
-.9
-10.2
-21.8
888.4
907.6
890.2
916.8
-19.2
-26.5
.2
9.2
903.8
910.8
897.6
905.7
-7.0
-8.1
-15.8
904.3
923.6
-19.3
8.1
21.1
941.8
932.3
952.8
944.9
9.5
7.8
1,246.7 1,294.1 1,288.9 1,291.3 1,300.0 1,313.5 1,299.5 1,328.4
1,239.5 1,285.1 1,284.1 1,284.1 1,282.7 1,310.0 1,300.8 1,315.1
7.2
9.0
4.8
7.2
17.3
3.5
-1.4
13.3
2,846.4 3,030.2 3,013.8 3,053.6 3,090.3 3,142.2 3,173.4 3,214.8
509.4
Structures
464.7
464.7
464.4
465.5
480.1
II
III
5,522.2 5,677.5 5,657.6 5,713.1 5,753.3 5,840.2 5,902.2 5,982.5
487.6
486.5
1991
1991
Gross domestic
product
Final sales of domestic
product
Change in business
inventories
Goods1
Final sales
Change in business
inventories
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services ]
Structures
1992
IV
III
II
I
III
4,877.5 4,821.0 4,817.1 4,831.8 4,838.5 4,873.7 4,892.4 4,939.4
4,871.3 4,830.3 4,837.4 4,831.2 4,830.9 4,886.3 4,884.6 4,919.2
6.2
-9.3
-20.4
.6
7.5
-12.6
7.8
20.2
1,956.8 1,911.2 1,907.6 1,918.3 1,915.7 1,924.0 1,936.7 1,973.5
1 9507 1 9205 1 9280 1 9177 1,908.2 1,936.6 1,929.0 1,953.3
6.2
880.3
881.0
-7
-9.3
-20.4
834.1
851.6
836.3
860.2
-17.5
240
.6
7.5
845.3
851.7
839.4
846.8
-6.4
-7.4
-12.6
842.4
859.6
-17.3
7.8
20.2
874.2
865.7
889.4
881.7
8.6
7.7
1,076.6 1,077.1 1,071.4 1,073.0 1,076.3 1,081.7 1,062.5 1,084.1
1,069.7 1,069.0 1,067.8 1,066.0 1,061.3 1,077.0 1,063.3 1,071.6
6.9
8.2
7.0
3.6
15.0
4.7
-.8
12.5
2,463.0 2,497.6 2,497.3 2,503.7 2,509.0 2,520.1 2,522.4 2,537.0
457.7
412.2
412.1
409.8
413.7
429.5
433.3
428.9
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.
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
Table 1.6.—Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers in Constant
Dollars
[Billions of dollars]
Gross domestic product
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic
purchases l
Less: Change in business
inventories
Equals: Final sales to
domestic purchasers2
[Billions of 1987 dollars]
5,522.2 5,677.5 5,657.6 5,713.1 5,753.3 5,840.2 5,902.2 5,982.5
5570
5982
5943
6023
6229
6281
6254
6395
6259
6200
6096
6295
6389
6362
6625
6744
5,591.1 5,699.3 5,672.9 5,740.3 5,769.3 5,848.3 5,939.4 6,017.3
Gross domestic product
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic
ourchases l
21 1
Less: Change in business
inventories
5,584.8 5,709.5 5,694.7 5,740.1 5,760.1 5,864.1 5,931.3 5,996.2
Equals: Final sales to
domestic purchasers2
6.3
-10.2
-21 8
2
92
-158
81
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.
4,877.5 4,821.0 4,817.1 4,831.8 4,838.5 4,873.7 4,892.4 4,939.4
510.0
539.4
536.1
544.2
561.4
565.4
563.4
576.2
561.8
561.2
553.5
575.8
581.8
586.8
607.3
625.9
4,929.3 4,842.8 4,834.4 4,863.4 4,858.9 4,895.2 4,936.3 4,989.1
62
-93
6
-204
7.5
-12.6
202
78
4,923.1 4,852.1 4,854.8 4,862.8 4,851.4 4,907.7 4,928.5 4,968.9
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
Table 1.8.—Gross Domestic Product by Sector in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Gross domestic
product
Business
5,522.2 5,677.5 5,657.6 5,713.1 5,753.3 5,840.2 5,902.2 5,982.5
4,702.8 4,803.8 4,786.7 4,835.2 4,867.2 4,937.4 4,988.6 5,061.8
4,612.4 4,702.8 4,677.1 4,725.5 4,772.9 4,826;9 4,877.6 4,937.7
Nonfarm
Nonfarm less housing .... 4,162.8 4,229.8 4,207.3 4,251.4 4,289.5 4,341.1 4,386.9 4,411.0
449.6 473.0 469.8 474.1 483.4 485.8 490.7 526.6
Housing
80.1
82.5
79.2
77.9
81.6
82.5
85.0
79.1
Farm
16.4
30.9
41.7
29.0
5.4
30.5
21.9
27.1
Statistical discrepancy
Households and institutions
Private households
Nonprofit institutions
General government
Federal
State and local
Addendum:
Gross domestic business
product less housing
Gross domestic
product
Business
Households and institutions
246.1
244.1
249.3
253.5
258.3
261.5
264.8
94
2184
92
236.9
92
2348
9.2
240.0
9.3
244.2
9.4
248.9
9.6
251.9
9.7
255.1
591.6
627.6
626.8
628.7
632.7
644.4
652.2
655.8
General government
1803
192.0
435.6
1924
191.3
437.4
191.1
441.6
198.2
446.2
198.7
453.5
199.0
456.9
Federal
State and local
42487 43263
434.5
4,170.1 4,103.9 4,098.3 4,116.1 4,123.1 4,156.8 4,174.4 4,218.4
Nonfarm
4,094.7 4,015.8 4,007.1 4,021.6 4,036.3 4,058.8 4,076.1 4,109.6
Nonfarm less housing .... 3,704.3 3,621.0 3,612.6 3,626.1 3,640.3 3,661.1 3,677.0 3,709.7
Housina
iwuoiiiy
3904 3949 3945 395.5 396.0 397.6 399.1 399.9
72.8
73.6
694
680
68.5
72.5
74.0
Farm
. . .
705
24.4
34.7
18.7
23.2
26.0
13.9
25.9
Statistical discrepancy
4.9
227.8
411.4
4,877.5 4821.0 4,817.1 4,831.8 4,838.5 4,873.7 4,892.4 4,939.4
Private households
Nonprofit institutions
Addendum:
Gross domestic business
product less housing
197.7
202.4
201.9
203.1
204.8
206.7
206.7
209.0
8.8
8.2
8.3
8.3
8.3
198.4
8.4
1983
8.4
200.6
1888
1942
1935
1949
8.2
196.6
509.8
514.7
516.9
512.6
510.6
510.3
511.3
512.0
1563
1571
1586
1555
3535
3575
358.3
357.1
153.4
357.3
152.5
357.7
151.8
359.5
151.1
360.9
3,775.8 3,705.2
SURVEY OF CURRENT BUSINESS
12 • November 1992
Table 1.9.—Relation of Gross Domestic Product, Gross National
Product, Net National Product, National Income, and Personal
Income
Table 1.10.—Relation of Gross Domestic Product, Gross National
Product, Net National Product, and National Income in Constant
Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
1990
1991
1991
II
Gross domestic product
Plus: Receipts of factor
income from the rest of the
world1
Less: Payments of factor
income2 to the rest of the
world
Equals: Gross national
product
Less: Consumption of fixed
capital
Capital
consumption
allowances
Less: Capital
consumption
adjustment
Equals: Net national product
Less: Indirect business tax
and nontax liability
Business transfer
payments
Statistical discrepancy
Plus: Subsidies less current
surplus of government
enterprises
Equals: National income
Less: Corporate profits with
inventory valuation and
capital consumption
adjustments
Net interest
Contributions for
social insurance
Wage accruals less
disbursements
Plus: Personal interest income
Personal dividend
income
Government transfer
payments to
persons
Business transfer
payments to
persons
Equals: Personal income
Addenda:
Net domestic product
Domestic income
Gross national income
III
Seasonally adjusted at annual rates
1990
1992
IV
I
II
160.6
143.5
143.2
137.8
133.1
132.9
131.3
126.0
139.9
126.0
126.5
124.5
122.3
113.3
124.3
115.3
5,542.9 5,694.9 5,674.3 5,726.4 5,764.1 5,859.8 5,909.3 5,993.1
602.8
566.2
626.1
574.2
623.5
568.5
624.9
576.4
637.1
588.2
631.4
598.0
638.2
608.9
697.8
642.8
-54.9
-48.5 -48.8 -33.5
-36.6
-51.9
-29.3
-55.0
4,940.1 5,068.8 5,050.9 5,101.5 5,127.0 5,228.3 5,271.1 5,295.3
444.2
475.2
468.2
480.0
487.9
493.8
497.6
506.1
26.4
5.4
28.1
21.9
27.9
27.1
28.4
30.5
28.6
16.4
29.4
29.0
29.8
30.9
29.8
41.7
4.2
.5
1.6
5.1
3.2
3.6
-7.1
-3.3
4,468.3 4,544.2 4,529.2 4,555.4 4,599.1 4,679.4 4,716.5 4,714.3
361.7
460.7
346.3
449.5
347.3
444.4
341.2
450.5
347.1
446.9
384.0
430.0
388.4
420.0
370.4
411.5
502.3
528.8
526.5
532.1
535.2
546.2
550.8
553.8
.1
694.5
-.1
700.6
-.4
696.2
0
701.8
0
703.3
0
684.8
0
675.2
0
666.7
140.3
137.0
136.7
135.6
134.3
133.9
136.6
141.0
664.6
748.3
739.8
754.0
776.5
818.6
835.3
849.1
21.2
22.8
22.6
23.1
23.3
24.1
24.4
24.8
4,664.2 4,828.3 4,806.9 4,846.2 4,907.2 4,980.5 5,028.9 5,060.2
4,919.4 5,051.4 5,034.2 5,088.2 5,116.3 5,208.7 5,264.1 5,284.6
4,447.6 4,526.7 4,512.5 4,542.2 4,588.4 4,659.8 4,709.5 4,703.7
5,537.5 5,673.1 5,647.2 5,695.9 5,747.7 5,830.8 5,878.4 5,951.4
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.
II
III
5,522.2 5,677.5 5,657.6 5,713.1 5,753.3 5,840.2 5,902.2 5,982.5
1991
1991
Gross domestic product
Plus: Receipts of factor
income from the rest of the
world l
Less: Payments of factor
income
to the rest of the
world 2
Equals: Gross national
product
Less: Consumption of fixed
capital
Equals: Net national product
Less: Indirect business tax
and nontax liability plus
business transfer payments
less subsidies plus current
surplus of government
enterprises
Statistical discrepancy
Equals: National income
Addenda:
Net domestic product
Domestic income
Gross national income
III
1992
IV
I
II
III
4,877.5 4,821.0 4,817.1 4,831.8 4,838.5 4,873.7 4,892.4 4,939.4
141.1
120.8
120.9
115.4
110.8
109.7
107.6
122.6
105.4
106.2
103.6
101.0
92.7
101.0
102.8
93.1
4,895.9 4,836.4 4,831.8 4,843.7 4,848.2 4,890.7 4,899.1 4,949.0
554.9
569.3
565.8
569.6
579.1
576.4
578.0
628.3
4,341.0 4,267.2 4,266.0 4,274.1 4,269.1 4,314.3 4,321.1 4,320.7
396.5
4.9
391.6
18.7
393.1
23.2
394.3
26.0
391.3
13.9
396.3
24.4
399.5
25.9
402.1
34.7
3,939.7 3,856.9 3,849.6 3,853.8 3,863.9 3,893.6 3,895.8 3,883.9
4,322.6 4,251.7 4,251.2 4,262.3 4,259.4 4,297.3 4,314.4 4,311.1
3,921.2 3,841.5 3,834.9 3,842.0 3,854.2 3,876.6 3,889.1 3,874.3
4,891.0 4,817.8 4,808.6 4,817.7 4,834.3 4,866.3 4,873.2 4,914.3
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 1.11.—Command-Basis Gross National Product in Constant
Dollars
[Billions of 1987 dollars]
Gross national product
Less: Exports of goods and
services and receipts of
factor income from the rest
of the world
Plus: Command-basis exports
of goods and services and
receipts of factor income ' .
Equals: Command-basis
gross national product ....
Addendum:
Terms of trade2
4,895.9 4,836.4 4,831.8 4,843.7 4,848.2 4,890.7 4,899.1 4,949.0
651.0
660.2
657.0
659.6
672.2
675.0
671.0
678.9
641.4
662.8
660.9
666.8
678.2
689.9
681.2
697.0
4,886.3 4,838.9 4,835.7 4,850.9 4,854.2 4,905.6 4,909.2 4,967.1
985
1004
100.6
101.1
100.9
102.2
101.5
102.7
1. Exports of goods and services and receipts of factor income deflated by the implicit price deflator for
imports of goods and services and payments of factor income.
2. Ratio of the implicit price deflator for exports of goods and services and receipts of factor income to the
corresponding implicit price deflator for imports with the decimal point shifted two places to the right.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
SURVEY OF CURRENT BUSINESS
Table 1.14.—National Income by Type of Income
November 1992
Table 1.16.—Gross Domestic Product of Corporate Business in
Current Dollars and Gross Domestic Product of Nonfinancial
Corporate Business in Current and Constant Dollars
[Billions of dollars]
Seasonally adjusted at annual rates
1990
1991
1991
II
III
Seasonally adjusted at annual rates
1992
IV
I
«J
1990
III
II
National income ..
Compensation of employees
Wages and salaries
Government
Other
Supplements to wages and
salaries
Employer contributions
for social insurance ...
Other labor income
Proprietors' income with
IVA and CCAdj
Farm
Proprietors' income with
IVA
CCAdj
Nonfarm
Proprietors' income
IVA
CCAdi
Rental income of persons
with CCAdj
Rental income of persons ..
CCAdi
Corporate profits with IVA
and CCAdj
Corporate profits with IVA ..
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
IVA
3,291.2 3,390.8 3,379.6 3,407.0 3,433.8 3,476.3 3,506.3 3,529.8
2,742.9 2,812.2 2,804.3 2,824.4 2,845.0 2,877.6 2,901.3 2,919.3
514.8
543.5 543.4 544.3 546.4 554.6 561.4 564.0
2,228.0 2,268.7 2,260.9 2,280.0 2,298.6 2,323.0 2,339.9 2,355.3
548.4
578.7
575.2
582.6
588.7
598.7
605.0
610.5
277.4
271.0
290.4
288.3
289.1
286.1
292.0
290.6
293.7
295.0
299.4
299.2
301.5
303.6
302.6
307.9
366.9
368.0
370.4
367.1
377.9
393.6
398.4
397.6
41.7
35.8
41.3
29.5
37.9
40.1
38.5
31.5
49.5
-7.8
43.4
-7.6
48.9
-7.6
37.1
-7.6
45.4
325.2
310.0
-.8
332.2
318.7
-.3
329.1
316.5
-.3
337.6
322.4
-.5
16.0
13.8
12.9
-12.3
10.4
44.6
47.5
-56.9
-57.9
47.5
-7.4
45.8
-7.3
39.7
-8.2
340.0
325.6
-.1
353.6
339.1
-.8
359.9
344.8
366.1
350.4
-.5
15.6
14.4
15.2
-12.3
-10.3
-6.6
-4.5
44.3
47.0
54.7
51.7
60.0
89.0
566
573
-61.3
-56.2
-56.6
-84.1
75
-1.0
16.1
3.3
16.1
5.0
361.7
346.3
347.3
341.2
347.1
384.0
388.4
370.4
341.2
355.4
136.7
218.7
149.3
337.8
334.7
124.0
210.7
146.5
342.2
332.3
122.9
209.4
146.2
331.9
336.7
127.0
209.6
145.1
333.1
332.3
125.0
207.4
143.9
360.7
366.1
136.4
229.7
143.6
361.4
376.8
144.1
232.7
146.6
340.7
350.5
131.7
218.8
151.1
69.4
64.2
63.2
64.5
-4.8
63.4
86.2
-5.4
86.1
67.7
-9.8
-14.2
CCAdi
20.5
460.7
IV
I
II
III
3.1
9.9
8.4
5.1
9.3
449.5
444.4
450.5
.7
-15.5
14.1
23.3
27.0
29.7
446.9
430.0
420.0
411.5
Billions of dollars
Gross domestic
product of corporate
business
Consumption of fixed capital ..
Net domestic product
Indirect business tax and
nontax liability plus
business transfer
payments less subsidies
Gross domestic
product of financial
corporate business ..
222.3
224.4
214.2
222.2
247.6
244.3
238.8
444.0
458.8
460.6
452.5
464.6
490.1
488.9
494.9
75.7
75.8
78.1
69.0
78.3
104.0
97.7
87.7
368.3
-14.2
458.1
383.0
3.1
455.6
382.5
9.9
450.7
383.5
-4.8
457.3
386.3
.7
463.9
386.1
-5.4
495.6
391.2
-15.5
504.3
407.2
-9.8
504.7
368.3
383.0
382.5
383.5
386.3
386.1
391.2
407.2
2,940.0 2,969.2 2,957.6 2,982.3 3,005.1 3,051.2 3,080.2 3,077.8
318.8
342.2
336.4
346.8
351.5
355.7
357.5
363.7
271.8
278.4
277.4
281.4
280.4
299.2
292.5
273.1
Gross domestic
product of
nonfinancial
corporate business .. 3,036.5 3,073.8 3,062.7 3,084.4 3,111.1 3,138.1 3,178.8 3,211.9
Net domestic product
225.1
3,308.3 3,352.2 3,340.1 3,365.8 3,391.5 3,437.3 3,471.4 3,485.1
2,621.2 2,627.0 2,621.3 2,635.5 2,653.7 2,695.5 2,722.7 2,714.1
Domestic income
Compensation of
2,182.8 2,219.5 2,212.4 2,230.3 2,245.7 2,261.4 2,277.8 2,290.9
employees
Wages and salaries ... 1,833.9 1,855.8 1,850.7 1,863.3 1,874.9 1,890.6 1,903.1 1,913.2
Supplements to wages
348.9 363.7 361.7 367.0 370.9 370.8 374.7 377.7
and salaries . ..
Corporate profits with
296.0 279.8 280.9 279.3 284.2 315.3 327.4 308.6
IVA and CCAdj
289.7 268.2 265.9 274.7 269.4 297.4 315.9 288.6
Profits before tax
144.1
131.7
136.4
136.7
125.0
127.0
122.9
124.0
Profits tax liability ..
147.7
171.7
Profits after tax
156.9
161.0
144.5
143.1
153.0 144.2
129.9
116.6 122.3
131.9
123.6
126.7
Dividends
128.3
129.3
Undistributed
27.1
44.4
24.1
49.5
16.4
23.7
12.6
15.9
profits
98
155
54
.7
-14.2
IVA
-4.8
9.9
3.1
29.7
8.4
27.0
23.3
14.1
9.3
5.1
CCAdj
20.5
118.7
114.7
117.5
123.7
127.7
142.4
125.9
127.9
Net interest
Consumption of fixed capital ..
CCAdj Capital consumption adjustment
IVA Inventory valuation adjustment
III
4,468.3 4,544.2 4,529.2 4,555.4 4,599.1 4,679.4 4,716.5 4,714.3
Net interest
Addenda:
Corporate profits after tax
with IVA and CCAdj
Net cash flow with IVA
and CAdj
Undistributed profits
with IVA and CCAdj
Consumption of fixed
capital
Less: IVA
Equals: Net cash flow ....
1992
1991
1991
Indirect business tax and
nontax liability plus
business transfer
payments less subsidies
329.3
341.2
341.0
341.5
343.5
342.7
347.6
363.3
2,707.2 2,732.6 2,721.7 2,742.9 2,767.5 2,795.4 2,831.3 2,848.6
290.9
310.8
305.5
314.7
318.7
322.6
324.1
329.8
2,416.3 2,421.8 2,416.2 2,428.2 2,448.8 2,472.8 2,507.1 2,518.8
Domestic income
Compensation of
2,019.0 2,048.6 2,042.0 2,058.6 2,071.8 2,081.0 2,096.4 2,106.9
employees
Wages and salaries ... 1,695.1 1,711.3 1,706.6 1,718.2 1,727.9 1,738.0 1,749.7 1,757.8
Supplements to wages
323.9 337.3 335.4 340.5 343.9 343.0 346.6 349.1
and salaries
Corporate profits with
248.3 229.9 231.4 226.5 235.3 255.7 276.2 280.5
IVA and CCAdj .
209.7 227.3 254.5 250.8
232.9 207.3 205.2 211.2
Profits before tax
97.4
100.8
90.2
82.1
83.380.3
92.8
Profits tax liability ..
81.1
153.7
137.1
153.3
127.9
126.2
140.2
Profits after tax
127.6
124.9
113.4
120.0
107.1
120.9
113.9
Dividends
117.3 115.5
118.5
Undistributed
33.4
40.4
14.1
30.1
6.7
9.3
21.6
profits
8.8
-5.4
-9.8
-15.5
.7
IVA
-4.8
9.9
-14.2
3.1
37.1
19.4
39.5
33.8
24.8
20.1
16.2
29.5
CCAdj
131.4
134.6
141.7 136.0
143.0
142.9
143.4
149.0
Net interest
Billions of 1987 dollars
Gross domestic
product of
nonfinancial
corporate business .. 2,740.0 2,698.0 2,687.4 2,699.1 2,722.0 2,737.6 2,760.8 2,787.9
303.4 309.5 308.5 310.2 312.0 313.2 314.0 326.9
Consumption of fixed capital ..
2,436.6 2,388.5 2,378.9 2,389.0 2,410.0 2,424.3 2,446.9 2,461.0
Net domestic product .
Indirect business tax and
nontax liability plus
business transfer
253.2 249.0 248.8 251.0 249.5 252.6 254.8 256.5
payments less subsidies
2,183.4 2,139.6 2,130.1 2,138.0 2,160.5 2,171.8 2,192.0 2,204.5
Domestic income
CCAdj Capital consumption adjustment
IVA Inventory valuation adjustment
SURVEY OF CURRENT BUSINESS
14 • November 1992
Table 2.1 .—Personal Income and Its Disposition
Table 2.2.—Personal Consumption Expenditures by Major Type of
Product
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
1990
1991
1991
II
Persona! income
Wage and salary
disbursements
Commodity-producing
industries
Manufacturing
Distributive industries
Service industries
Government
Other labor income
Proprietors' income with
inventory valuation and
capital consumption
adjustments
Farm
Nonfarm
Rental income of persons
with capital
consumption
adjustment
Personal dividend income
Personal interest income
Transfer payments to
persons
Old-age, survivors,
disability, and health
insurance benefits
Government
unemployment
insurance benefits
Veterans benefits
Government employees
retirement benefits
Other transfer payments
Aid to families with
dependent children
Other
Less: Personal
contributions for social
insurance ....
Less: Personal tax and
nontax payments
Equals: Disposable personal
income
Less: Personal outlays
Personal consumption
expenditures
Interest paid by persons ....
Personal transfer payments
to rest of the world (net)
Equals: Personal saving
Addenda:
Disposable personal
income:
Total, billions of 1987
dollars
Per capita:
Current dollars
1987 dollars
Population (mid-period,
millions)
Personal saving as
percentage of
disposable personal
income
HI
Seasonally adjusted at annual rates
1992
II
I
IV
1991
1991
II
III
1992
IV
I
II
III
4,664.2 4,828.3 4,806.9 4,846.2 4,907.2 4,980.5 5,028.9 5,060.2
2,742.8 2,812.2 2,804.7 2,824.4 2,845.0 2,877.6 2,901.3 2,919.3
745.6
556.1
634.6
847.8
514.8
737.4
556.9
647.4
883.9
543.6
734.6
553.4
647.0
879.4
543.8
738.8
559.0
651.1
890.2
544.3
741.5
563.9
652.9
904.3
546.4
736.8
559.9
660.9
925.3
554.6
743.1
564.7
662.9
933.9
561.4
741.3
564.2
666.9
947.2
564.0
271.0
288.3
286.1
290.6
295.0
299.2
303.6
307.9
366.9
368.0
370.4
367.1
377.9
393.6
398.4
41.7
35.8
41.3
29.5
37.9
40.1
38.5
325.2
332.2
329.1
337.6
340.0
353.6
359.9
397.6
31.5
366.1
-12.3
-10.4
-12.3
-10.3
-6.6
-4.5
3.3
5.0
140.3
137.0
136.7
135.6
134.3
133.9
136.6
141.0
694.5
700.6
696.2
701.8
703.3
684.8
675.2
666.7
685.8
771.1
762.4
777.1
799.8
842.7
859.7
873.9
352.0
382.0
378.9
384.2
390.6
405.7
412.1
417.1
18.0
17.8
27.5
18.1
28.3
18.5
27.6
18.1
30.0
18.1
39.7
20.2
41.7
18.7
40.3
18.5
94.0
203.9
101.3
242.1
100.4
236.3
101.0
246.1
102.0
259.1
106.4
270.7
106.4
280.8
106.6
291.3
19.8
22.0
21.8
22.2
22.7
23.0
23.4
23.6
184.2
220.2
214.6
224.0
236.4
247.7
257.4
267.7
Personal consumption
expenditures
Durable goods
Motor vehicles and parts ....
Furniture and household
equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other household
operation
Transportation
Medical care
Other
3,748.4 3,887.7 3,871.9 3,914.2 3,942.9 4,022.8 4,057.1 4,108.1
464.3
446.1
441.4
453.0
450.4
469.4
470.6
482.7
202.4
185.4
180.7
189.3
190.9
198.9
200.7
201.9
172.1
170.4
171.5
172.2
168.9
176.3
176.3
182.2
89.8
90.2
89.3
91.5
90.6
94.1
93.5
98.6
1,224.5 1,251.5 1,254.2 1,255.3 1,251.4 1,274.1 1,277.5 1,293.0
601.4
206.9
108.5
617.7
209.0
105.5
619.2
210.8
105.5
617.9
212.0
104.7
620.0
206.8
103.5
627.9
216.5
102.8
623.2
217.4
105.4
627.4
224.5
107.6
12.6
11.7
11.4
11.8
11.3
11.6
13.8
13.0
295.1
307.7
307.3
308.9
309.8
315.4
317.7
320.4
2,059.7 2,190.1 2,176.3 2,205.9 2,241.1 2,279.3 2,309.0 2,332.4
97.6
574.0
223.7
103.6
571.5
224.8
104.4
576.5
226.1
104.6
583.0
225.5
105.2
590.9
223.5
101.8
597.4
227.9
104.2
603.3
225.9
104.8
117.4
142.8
524.9
629.5
120.1
147.3
580.2
664.9
120.3
146.2
572.5
661.3
121.5
148.2
586.3
668.9
120.3
149.8
603.2
679.6
121.8
152.6
614.8
697.5
123.6
152.5
629.0
702.2
121.1
153.0
641.7
708.4
547.5
215.0
Table 2.3.—Personal Consumption Expenditures by Major Type of
Product in Constant Dollars
[Billions of 1987 dollars]
224.8
238.4
237.4
240.1
241.5
246.8
249.3
251.2
621.3
618.7
617.2
618.6
622.3
619.6
617.1
629.4
4,042.9 4,209.6 4,189.7 4,227.6 4,284.9 4,360.9 4,411.8 4,430.9
3,867.3 4,009.9 3,994.4 4,036.6 4,065.5 4,146.3 4,179.5 4,229.9
3,748.4 3,887.7 3,871.9 3,914.2 3,942.9 4,022.8 4,057.1 4,108.1
112.7 112.5 112.8
113.3 112.0 111.3
109.6
112.5
9.3
9.7
9.8
9.9
9.7
10.2
10.4
10.6
175.6
199.6
195.3
191.0
219.4
214.6
232.3
201.0
3,516.5 3,509.0 3,505.2 3,511.5 3,530.8 3,565.7 3,576.0 3,579.2
16,174 16,658 16,604 16,706 16,885 17,143 17,297 17,323
14,068 13,886 13,891 13,876 13,913 14,017 14,021 13,993
250.0
252.7
252.3
253.1
253.8
254.4
255.1
255.8
4.3
4.7
4.7
4.5
5.1
4.9
53
4.5
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
1990
III
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
3,260.4 3,240.8 3,239.3 3,251.2 3,249.0 3,289.3 3,288.5 3,318.4
439.3
414.7
411.3
419.4
416.1
432.3
430.0
439.9
192.2
171.0
167.2
173.3
174.0
181.5
180.2
179.2
169.5
168.6
169.3
170.4
167.9
174.4
174.4
181.4
77.6
75.0
74.8
757
74.2
76.5
75.4
79.4
1,056.5 1,042.4 1,046.3 1,044.8 1,035.6 1,049.6 1,045.6 1,052.2
5208
185.9
5158
181.3
101
852
97
2534
2505
86.4
183.7
515.3
177.5
518.9
184.1
513.5
184.4
514.5
191.0
98
860
100
847
94
857
102
858
120
858
109
251 0
2500
2486
2507
2498
2500
516.3
183.2
86.0
5150
1,764.6 1,783.7 1,781.8 1,787.0 1,797.4 1,807.3 1,812.9 1,826.3
474.7
203.7
4782
204.7
477.9
206.5
4788
206.5
4798
204.6
4812
201.6
92.4
95.2
96.6
96.3
95.6
92.9
111.3
109.6
121 2
438.8
540.7
109.9
121 5
435.6
540.2
1102
1090
121 2
440.5
121 0
447.2
5448
1087
1203
1247
423.9
537.6
5401
449.6
554.6
483.3
204.2
4858
205.8
94.5
94.2
109.7
121 3
453.7
5505
111 6
124 1
457.9
5527
SURVEY OF CURRENT BUSINESS
November 1992 • 15
Table 3.2.—Federal Government Receipts and Expenditures
Table 3.3.—State and Local Government Receipts and Expenditures
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
1990
1991
1991
II
Receipts
1,107.4 1,122.2
Personal tax and nontax
receipts
482.6 473.4
Income taxes
470.1 461.4
Estate and gift taxes
11.6
11.0
Nontaxes
.9
1.0
Corporate profits tax accruals
113.9
102.5
Federal Reserve banks
23.6
20.8
Other
81.7
90.3
Indirect business tax and
nontax accruals
78.2
66.0
Excise taxes
36.3
45.6
Customs duties
17.5
17.2
Nontaxes . .
12.2
15.3
Contributions for social
insurance
444.9 468.2
Expenditures
1,273.6 1,332.7
Purchases
426.4 447.3
National defense
314.0
323.8
112.4
Nondefense
123.6
Transfer payments (net)
513.3
521.9
To persons
499.9 550.2
13.4
To rest of the world (net) ...
,-28.3
Grants-in-aid to State and
local governments
132.3
153.3
Net interest paid
176.6
186.9
Interest paid
209.2 220.9
171.4
To persons and business
181.9
To rest of the world (net)
37.9
39.0
Less: Interest received by
government
32.6
34.0
Subsidies less current surplus
25.1
of government enterprises .
23.1
Subsidies
27.5
29.1
Less: Current surplus of
2.4
government enterprises ..
6.0
Less: Wage accruals less
.1
-.1
disbursements
-.
Surplus or deficit (-),
national income and
product accounts
Social insurance funds
Other
„;
;...
IV
III
Seasonally adjusted at annual rates
1990
1992
I
II
II
III
1,117.3 1,127.7 1,129.4 1,143.3 1,149.8 1,155.4
473.1
461.6
473.4
460.6
472.2
460.5
468.4
456.4
464.2
452.3
476.2
463.6
10.6
11.8
10.7
10.9
10.8
11.5
1.0
1.0
1.1
1.1
1.1
1.1
101.6
104.9
103.3
112.2
118.3
108.1
20.8
80.8
20.5
84.4
20.3
83.0
19.3
92.9
19.0
99.3
17.7
90.4
76.3
45.6
16.1
14.6
78.3
45.6
17.1
15.6
80.8
45.7
18.9
16.2
79.2
46.0
17.1
16.1
79.8
46.1
17.9
15.8
81.3
46.6
18.7
16.0
466.3
471.1
473.2
483.5
487.4
489.8
1,329.4 1,348.7 1,388.1 1,432.5 1,452.7 1,457.3
449.9
325.9
124.0
447.2
321.9
125.3
440.8
314.7
126.1
445.0
313.6
131.4
444.8
311.7
133.1
454.1
318.4
135.7
514.8
546.6
-31.8
545.5
551.7
565.9
564.7
1.3
609.8
597.8
619.5
605.9
621.6
610.4
-6.2
12.0
13.6
11.2
151.9
153.4
163.6
165.1
174.1
174.2
188.1
221.1
182.3
186.8
221.3
181.9
190.1
223.2
185.0
186.8
220.3
182.0
187.5
221.9
183.1
187.2
221.1
183.5
38.9
39.4
38.2
38.2
38.9
37.6
33.0
34.6
33.2
33.4
34.5
33.9
24.4
31.2
15.7
22.0
27.7
33.4
25.7
30.9
26.9
31.6
20.2
24.7
6.8
6.3
5.7
5.2
4.7
4.5
-.4
0
0
0
0
0
-166.2 -210.4 -212.2 -221.0 -258.7 -289.2 -302.9 -301.9
64.0
50.1
50.5
52.2
46.2
28.5
28.4
1991
1991
29.6
-230.2 -260.6 -262.7 -273.2 -304.8 -317.6 -331.3 -331.4
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 .
Less: Current surplus of
government enterprises ..
Less: Wage accruals less
disbursements
Surplus or deficit (-),
national income and
product accounts
Social insurance funds
Other
1992
I
IV
III
II
III
729.3
777.9
769.3
783.5
804.6
817.8
834.0
839.7
138.7
106.0
145.4
110.3
144.1
109.5
145.2
109.9
150.1
114.2
151.1
114.6
152.9
115.8
153.1
115.5
15.5
17.2
16.7
18.4
16.5
18.1
16.8
18.5
17.1
18.8
17.4
19.1
17.7
19.4
18.0
19.6
22.7
21.5
21.3
22.1
21.7
24.2
25.8
23.6
378.2
183.5
155.4
397.0
189.0
167.7
391.9
186.2
166.2
401.7
192.3
169.3
407.1
192.9
172.4
414.6
197.3
175.6
417.8
198.5
178.9
424.8
201.5
182.3
39.4
40.4
39.5
40.1
41.8
41.7
40.4
41.0
57.3
60.6
60.2
61.0
62.0
62.7
63.4
64.0
132.3
153.3
151.9
153.4
163.6
165.1
174.1
174.2
699.2
760.7
752.8
768.1
782.5
801.2
816.3
830.6
616.8
643.2
640.8
646.0
649.5
658.0
664.3
668.8
411.4
205.4
435.6
207.6
434.5
206.4
437.4
208.6
441.6
207.9
446.2
211.8
453.5
210.8
456.9
211.9
164.7
198.0
193.2
202.3
211.8
220.8
229.4
238.7
-52.4
-48.4
-49.0
-47.9
-46.6
-45.4
-44.3
-43.3
60.7
63.7
63.4
64.1
64.8
65.4
66.1
66.8
113.1
112.1
112.4
112.0
111.3
110.8
110.4
110.1
9.0
9.5
9.5
9.5
9.6
9.7
10.0
10.1
-20.9
-22.6
-22.8
-22.9
-22.6
-22.5
-23.2
-23.6
21.3
23.0
23.2
23.2
23.0
22.9
23.6
24.0
0
0
0
0
0
0
0
0
9.1
30.1
17.1
16.5
15.4
22.0
16.6
17.7
63.0
60.3
60.7
59.9
59.4
58.4
58.0
57.2
-43.1
-44.1
-44.5
-41.8
-40.3
-48.1
-32.9
-37.3
SURVEY OF CURRENT BUSINESS
l6 • November 2992
Table 3.7B—Government Purchases by Type
Table 3.8B.—Government Purchases by Type in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1990
1991
1991
II
Government purchases
Federal
National defense
Durable goods
Nondurable goods
Services
Compensation of
employees
Military
Civilian 8
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
1992
I
IV
III
II
426.4
447.3
449.9
447.2
440.8
445.0
444.8
454.1
314.0
323.8
325.9
321.9
314.7
313.6
311.7
318.4
84.2
11.8
84.1
12.2
86.2
11.2
82.7
11.2
80.2
12.5
79.5
10.3
211.8
222.5
223.3
223.7
217.1
218.7
216.8
221.1
125.5
132.6
133.0
131.3
130.9
135.2
135.2
135.2
89.2
43.8
90.3
87.5
43.8
92.4
86.5
44.4
86.2
88.9
46.3
83.4
88.4
46.8
81.6
88.2
47.0
85.9
88.6
44.0
90.0
6.3
4.9
5.2
4.3
4.9
112.4
5.9
5.1
123.6
6.8
7.0
124.0
7.1
8.0
125.3
7.0
7.0
126.1
7.0
5.3
-1.7
1.3
6.6
99.5
-.3
7.3
102.1
-2.0
93.4
.4
6.6
100.4
54.8
38.6
59.4
41.0
59.4
40.1
60.0
42.1
6.8
5.2
76.7
12.1
79.8
11.7
6.0
5.8
131.4 133.1
7.2
7.4
7.1 '
8.0
135.7
8.0
9.2
7.4
102.9
-.7
7.9
106.2
-.2
8.2
107.2
1.5
7.8
106.8
60.2
42.7
10.8
62.9
43.2
10.9
63.5
43.7
10.4
63.8
43.0
11.6
8.0
9.4
9.5
9.2
616.8
643.2
640.8
646.0
649.5
658.0
664.3
668.8
34.9
56.0
36.4
58.0
36.3
57.7
36.4
57.9
36.7
57.8
36.8
57.3
37.0
58.7
37.2
59.2
440.6
462.1
461.6
463.8
466.6
470.4
475.7
478.5
411.4
435.6
434.5
437.4
441.6
446.2
453.5
456.9
26.6
86.7
27.1
85.3
26.5
87.8
25.0
88.4
24.2
93.5
22.2
92.9
21.6
93.9
29.2
85.3
Government purchases
Federal
National defense
Durable goods
Nondurable goods
Services
Compensation of
employees
Military
Civilian
Other services
Structures
Nondefense
Durable goods
Nondurable goods
Commodity Credit
Corporation
inventory change ...
Other nondurables
Services
Compensation of
employees
Other services
Structures
State and local
Durable goods
Nondurable goods
Services
Compensation of
employees
Other services
Structures
1992
1991
II
1,043.2 1,090.5 1,090.8 1,093.3 1,090.3 1,103.1 1,109.1 1,122.9
82.9
42.5
86.4
1991
III
I
IV
III
II
III
929.9
941.0
945.6
940.2
933.1
937.0
934.2
383.6
388.3
393.8
387.2
378.2
375.3
372.7
378.4
283.3
282.8
287.6
280.6
271.0
265.6
262.1
266.4
80.7
74.1
9.3
188.3
9.9
192.5
74.5
10.3
189.5
181.1
9.7
177.2
71.5
11.0
189.6
174.5
176.7
108.8
108.6
110.0
106.6
104.6
103.5
102.5
101.8
72.9
35.7
81.0
74.5
35.5
82.5
67.8
35.7
73.7
66.6
35.9
72.0
65.9
35.9
74.9
80.3
72.2
36.6
79.5
78.6
10.4
77.5
10.0
71.2
35.4
82.9
74.7
10.8
69.0
35.6
76.6
5.4
4.2
4.4
3.6
4.3
4.5
5.1
4.9
100.3
5.7
5.2
105.5
6.8
6.5
106.2
7.0
7.4
106.6
7.1
6.3
107.2
7.2
5.4
109.7
7.5
6.9
110.6
7.8
7.4
112.1
8.4
7.8
.7
5.9
1.5
5.9
-.1
6.5
-.1
7.0
.1
7.3
.9
6.9
-1.0
6.2
-1.2
6.6
82.3
83.9
83.4
85.1
85.1
85.6
86.3
85.6
47.5
34.8
48.6
35.4
48.6
34.9
48.9
36.2
48.8
36.3
49.0
36.5
49.3
36.9
49.3
36.3
10.2
7.2
8.2
8.3
8.1
9.5
9.7
9.2
546.3
552.7
551.8
553.0
554.9
561.8
561.5
563.4
32.2
48.4
32.7
50.3
32.7
50.3
32.8
50.4
32.8
50.5
32.7
50.5
32.7
50.6
32.8
50.7
387.8
391.3
392.1
390.9
391.1
391.6
392.9
394.3
353.5
357.5
358.3
357.1
357.3
357.7
359.5
360.9
34.4
77.8
33.8
78.3
33.8
76.7
33.8
78.9
33.8
80.6
33.9
86.9
33.4
85.2
33.4
85.6
Table 3.10.—National Defense Purchases
Table 3.11.—National Defense Purchases in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
National defense
purchases
Durable goods
Military equipment ..
Aircraft
Missiles
Ships
Vehicles .
Electronic equipment
Other
Other durable goods
Nondurable goods ...
Petroleum products
Ammunition
Other nondurable goods ....
Services
Compensation of
employees
Military
Civilian
Other services
Contractual research and
development
Installation support2]
Weapons support 3
Personnel support
Transportation of
material
Travel of persons
Other
Structures . . ..
Military facilities
Other
314.0
323.8
325.9
321.9
314.7
313.6
311.7
318.4
84.2
84.1
86.2
82.7
80.2
79.5
76.7
79.8
795
290
150
78.1
76.7
74.0
73.5
71.3
73.7
270
799
278
27 1
257
231
227
226
16.4
12.1
15.9
12.5
15.8
12.6
16.3
12.0
15.8
11.2
15.7
11.3
17.0
11.3
12.5
45
47
56
49
38
43
41
47
7.1
11 4
4.6
6.7
11 2
6.0
7.5
106
6.3
6.1
101
6.0
6.2
101
6.2
6.5
125
6.0
6.2
11 3
5.4
6.3
11 7
6.1
11.8
12.2
11.2
11.2
12.5
10.3
12.1
11.7
5.3
34
3.0
5.0
36
3.5
3.9
38
3.5
4.5
34
3.3
5.1
39
3.5
4.1
26
3.6
3.8
51
3.2
4.0
43
3.4
211.8
222.5
223.3
223.7
217.1
218.7
216.8
221.1
125.5
132.6
133.0
131.3
130.9
135.2
135.2
135.2
829
425
864
886
440
900
892
438
903
875
438
924
865
444
862
31.7
25.6
23.1
11.2
13.0
25.5
22.3
10.6
13.5
26.0
23.3
11.1
13.4
24.1
22.5
10.4
13.6
46.3
884
468
834
81 6
882
470
859
22.0
24.2
11.5
11.6
22.8
23.0
12.0
11.6
23.8
24.1
12.4
12.2
6.2
8.3
-.4
5.4
7.3
-.4
6.0
8.1
-.8
8.4
-.7
10.2
-1.3
6.8
9.3
-.5
4.9
5.2
4.3
4.9
5.2
6.0
5.8
25
2.4
28
25
19
26
2.3
31
2.1
37
2.3
35
23
4.7
4.1
-.6
9.3
8.5
-.8
6.3
36
26
10.8
9.7
22.8
12.1
11.6
889
24
1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors to
operate installations.
2. Includes depot maintenance and contractual services for weapons systems, other than research and
development.
3. Includes compensation of foreign personnel, consulting, training, and education.
National defense
purchases
Durable goods
Military equipment
Aircraft
Missiles
Ships
Vehicles
Electronic equipment
Other
Other durable goods
Nondurable goods .
Petroleum products
Ammunition
Other nondurable goods ....
Services
Compensation of
employees
Military
Civilian
Other services
Contractual research and
development
Installation support2 l
Weapons support 3
Personnel support
Transportation of
material
Travel of persons
Other
Structures
Military facilities
Other
941.8
283.3
282.8
287.6
280.6
271.0
265.6
262.1
266.4
80.3
78.6
80.7
77.5
74.7
74.1
71.5
74.5
75.7
27.5
15.6
11.3
726
74.6
25.8
16.6
10.6
71 5
683
25.2
16.4
10.7
23.1
67.9
20.9
16.6
65.7
20.7
16.4
67.9
20.2
17.9
24.9
16.8
10.3
17 1
10.1
42
43
53
46
33
6.7
6.3
9.9
6.0
7.1
9.4
6.1
5.7
8.9
6.0
5.8
8.9
6.4
10.3
4.5
9.3
3.6
31
10.4
3.7
37
9.9
3.3
37
10.0
3.6
36
10.8
3.8
40
9.6
38
9.6
37
6.0
5.7
9.7
5.8
10.9
6.3
9.7
3.7
29
11.0
3.2
50
9.6
42
5.8
10,2
6.6
10.3
3.1
41
2.6
3.0
3.0
2.8
3.0
3.1
2.8
3.1
188.3
189.6
192.5
189.5
181.1
177.2
174.5
176.7
1088
1086
1100
1066
1046
1035
1025
101 8
722
366
795
29.7
20.3
9.5
11.6
5.1
729
357
81 0
234
20.3
745
355
825
23.3
19.7
9.3
678
357
737
666
359
720
659
359
749
21.1
20.9
10.4
354
829
690
356
766
237
21 7
199
203
20.4
19.9
10.4
21.3
20.2
10.2
71 2
10.3
10.8
10.7
8.9
9.8
8.8
10.3
12.6
10.5
77
6.9
6.1
6.8
8.4
4
7.4
3
_3
6.7
7.3
-6
9.8
9.6
8.9
9.1
3.8
_5
7.5
6
7.4
-6
9.0
5.4
4.2
4.4
3.6
4.3
4.5
5.1
4.9
3.3
2.0
2.3
2.5
1.9
1.7
2.4
2.8
18
18
17
3.2
1.9
3.0
1.9
19
10
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 arid
development.
3. Includes compensation of foreign personnel, consulting, training, and education.
SURVEY OF CURRENT BUSINESS
November 1992 • 1J
Table 4.1 .—Foreign Transactions in the National Income and Product
Accounts
Table 4.2.—Exports and Imports of Goods and Services and
Receipts and Payments of Factor Income in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
1990
1991
1991
II
Receipts from rest of the world
Exports of goods and services
Merchandise 1
Durable
Nondurable
Services1
2
Receipts of factor income
Capital grants received by the United
States (net)
Payments to rest of the world ...
III
Seasonally adjusted at annual rates
1992
IV
I
II
1990
717.6 741.7 737.5 740.1 756.0 761.0 756.7 765.5
557.0
398.1
262.6
135.5
159.0
598.2
423.1
282.0
141.0
175.1
594.3
421.1
284.2
136.8
173.2
602.3
423.5
285.2
138.4
178.8
622.9
437.7
293.3
144.3
185.3
628.1
437.3
293.2
144.1
190.8
625.4
435.2
292.8
142.4
190.2
639.5
448.5
299.5
149.1
191.0
160.6 143.5 143.2 137.8 133.1 132.9 131.3 126.0
0
0
0
0
0
0
0
0
717.6 741.7 737.5 740.1 756.0 761.0 756.7 765.5
Imports of goods and services
Merchandise ]
Durable
Nondurable
... .
Services ]
625.9
507.8
314.5
193.3
118.1
Payments of factor income3
139.9 126.0 126.5 124.5 122.3 113.3 124.3 115.3
Transfer payments (net)
From persons (net)
From government (net)
From business
Net foreign investment
620.0
499.9
315.3
184.6
120.1
609.6
489.5
305.7
183.9
120.0
-13.3 -16.7
9.7
9.8
13.4 -28.3 -31.8
5.2
5.3
5.3
27.9
9.3
-76.1
9.0
18.2
629.5
508.7
323.1
185.6
120.8
9.1
9.9
-6.2
5.3
638.9
516.2
327.5
188.7
122.7
16.2
9.7
1.3
5.3
636.2
513.1
330.2
182.9
123.1
27.4
10.2
12.0
5.3
662.5
537.0
339.1
197.9
125.5
29.3
10.4
13.6
5.3
1991
III
674.4
559.4
352.3
207.1
114.9
26.8
10.6
11.2
Exports of goods
and services
Merchandise l
Durable
Nondurable
Services l ... .
510.0
368.5
249.2
119.3
141.4
539.4
392.5
266.4
126.1
146.9
1991
1992
II
III
IV
I
II
III
536.1
390.1
267.9
122.1
146.1
544.2
395.2
269.6
125.5
149.0
561.4
407.3
277.0
130.3
154.0
565.4
408.1
276.1
131.9
157.3
563.4
408.0
278.4
129.6
155.4
576.2
422.2
287.0
135.2
154.0
Receipts of factor income2
141.1 120.8 120.9 115.4 110.8 109.7 107.6 102.8
Imports of goods and services
Merchandise *
Durable
Nondurable
Services1
561.8
460.3
291.2
169.1
101.5
Payments of factor income3
122.6 105.4 106.2 103.6 101.0
561.2
463.5
296.7
166.8
553.5
454.9
286.6
168.3
575.8
477.9
306.9
171.0
581.8
482.2
311.0
171.3
97.7
98.5
97.9
99.6
586.8
488.0
316.3
171.8
607.3
507.8
327.0
180.8
98.8
99.5
625.9
526.0
341.3
184.6
100.0
92.7
101.0
93.1
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.
5.0
-22.9 -21.5 -16.0 -59.4 -51.1
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services.
2. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
3. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
Table 4.3.—Exports and Imports of Merchandise by End-Use Category
Table 4.4.—Exports and Imports of Merchandise by End-Use Category
in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Exports of merchandise
Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
... .
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Imports of merchandise
Foods, feeds, and beverages
Industrial supplies and materials, except
petroleum and products
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Addenda:
Exports of agricultural products l
Exports of nonagricultural products ...
Imports of nonpetroleum products
1. Includes parts of line 2 and line 5.
398.1
423.1
421.1
35.1
35.7
33.1
423.5 437.7 437.3 435.2 448.5
36.7
38.6
40.2
37.8
42.4
102.0 106.4 106.5 104.1 104.9 104.2 104.8 107.2
357 372 380 378 364 361 357 382
663
692
153.3
167.0
32.2
25.9
95.2
36.5
42.8
22.9
36.4
27.3
103.3
685
662
685
169.4 166.7 176.3
38.7
27.2
35.4
26.8
40.8
27.9
103.4 104.5
107.6
681
691
691
176.4 173.9 174.6
42.6
27.4
37.7
28.6
33.3
29.0
106.4 107.6 112.2
40.0
45.9
23.8
39.7
44.5
23.2
43.7
44.9
23.2
41.7
48.2
24.9
42.9
47.9
24.9
46.2
48.5
25.0
49.0
51.4
25.8
199
284
222
279
21 3
21 7
278
274
232
281
230
256
236
240
257
239
14.2
14.2
13.9
13.9
13.9
13.9
13.7
13.7
14.0
14.0
12.8
12.8
12.0
12.0
12.0
12.0
507.8 499.9 489.5 508.7 516.2
513.1
537.0 559.4
26.7
265
27.6
26.3
264
268
29.1
28.3
77.6
39.0
756
75.3
36.0
755
780
370
809
396
81 4
81 8
38.9
38.8
387
36.3
392
392
36.5
389
41 0
41 3
425
430
62.3
51.2
51.7
52.5
48.8
41.5
51.7
56.9
116.0
120.7
120.4
121.3
122.1
125.1
131.4
138.0
10.5
23.0
11.7
26.1
12.5
27.1
11.5
26.8
12.1
27.7
829
81 7
838
854
87.7
84.9
90.8
88.6
87.8
13.5
30.7
87.2
89.5
12.3
33.8
825
12.2
25.8
82.4
79.1
91 9
91.3
105.3 108.0 101.6 109.9 118.7 116.2 119.2 128.5
557 568 533 582 630 602 620 668
49.6
32.2
16.1
51.2
33.0
16.5
48.4
33.8
16.9
51.7
32.4
16.2
55.7
33.6
16.8
56.0
34.9
17.4
57.3
34.7
17.4
61.6
34.7
17.4
161
165
169
162
168
174
174
174
40.2
40.1
37.5
40.7
43.2
43.3
41.9
46.4
357.9 382.9 383.6 382.9 394.5 394.0 393.3 402.1
445.5 448.7 437.8 456.2 467.4 471.6 485.3 502.6
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.
3685 3ft? 5 3901
3ft5? 4073 4081
4080 4???
30.4
89.4
31.3
95.5
29.1
95.3
32.5
95.1
33.4
96.4
35.1
97.5
33.0
96.7
38.2
97.2
31 0
331
622
332
31 9
31 7
584
324
631
307
660
322
649
28.6
33.8
30.9
40.6
33.1
39.3
29.8
41.3
34.2
43.9
35.5
44.1
31.4
48.3
876
922
930
927
944
935
944
982
34.0
39.2
36.3
40.9
36.0
39.4
39.4
39.9
37.5
42.7
38.4
41.3
41.1
41.9
43.5
44.2
214
21 6
21 0
21 0
227
21 6
21 9
227
17.8
25.6
12.8
19.2
24.8
18.5
24.8
18.9
24.5
20.0
24.9
19.7
22.8
20.0
21.2
21.6
124
124
124
124
122
122
124
124
11 4
11 4
106
106
106
106
61 9 645 658
150.0 163.7 165.4 163.8 172.5 173.1 174.0
128
178.1
27.4
52.4
21 1
460.3 463.5 454.9 477.9 482.2 488.0 507.8 526.0
255
245
253
241
245
249
272
265
663
326
337
655
665
691
325
366
71 4
31 3
647
307
339
347
367
708
327
381
52.1
48.6
51.5
52.4
46.5
46.7
50.9
706
325
382
528
113.9 124.4
9.3 10.0
122.6
127.6
10.5
43.9
342
29.9
41.1
10.4
39.0
747
734
731
80.4
93.3
75.7
95.4
70.7
90.2
31 9
345
129.3 135.6 146.9
9.6 10.0
11.2
157.1
45.7
48.6
56.2
10.1
65.3
732
740
770
794
81 8
80.7
97.7
78.3
76.4
77.7
78.5
455
500
506
476
104.6 102.2 .103.5 110.1
522 559 541 543 580
43.4
28.9
44.8
29.3
42.6
30.0
28.9
48.7
29.8
48.0
30.9
49.2
30.7
30.3
144
144
146
146
150
150
144
144
149
149
154
154
153
153
152
152
35.1
35.5
32.9
36.3
38.1
38.7
37.6
42.2
521
333.4 357.0 357.2 358.9 369.2 369.4 370.4 380.0
408.2 414.8 403.4 425.5 435.7 441.3 456.8 473.2
SURVEY OF CURRENT BUSINESS
l8 • November 1992
Table 5.1 .—Gross Saving and Investment
[Billions of dollars]
Seasonally adjusted at annual rates
II
Gross saving
Gross private saving
Personal saving
Undistributed corporate
profits with inventory
valuation and capital
consumption adjusments
Undistributed profits
Inventory valuation
adjustment
Capital consumption
adjustment
Corporate consumption of
fixed capital
Noncorporate consumption
of fixed capital
Wage accruals less
disbursements
Government surplus or
deficit (-), national
income and product
accounts
Federal
State and local
Capital grants received by
the United States (net)
Gross investment
Gross private domestic
investment
Net foreign investment
Statistical discrepancy
1992
1991
1991
1990
III
II
I
IV
III
718.0
708.2
701.3
679.4
698.2
677.5
682.9
693.7
854.1
175.6
901.5
199.6
896.9
195.3
884.9
191.0
934.8
219.4
950.1
214.6
968.1
232.3
986.5
201.0
75.7
69.4
75.8
64.2
78.1
63.2
69.0
64.5
78.3
63.4
104.0
97.7
86.1
87.7
67.7
-5.4
15.5
-9.8
23.3
27.0
29.7
-14.2
3.1
9.9
20.5
8.4
5.1
-4.8
9.3
.7
14.1
86.2
368.3
383.0
382.5
383.5
386.3
386.1
391.2
407.2
234.6
243.1
241.0
241.4
250.7
245.3
247.0
290.6
0
0
0
0
0
0
0
0
-136.1 -193.3 -195.6 -205.6 -236.6 -272.6 -285.2 -292.8
-166.2 -210.4 -212.2 -221.0 -258.7 -289.2 -302.9 -301.9
17.7
15.4
17.1
9.1
16.6
22.0
16.5
30.1
0
0
0
0
0
0
0
0
723.4
730.1
728.4
709.9
714.6
706.5
713.8
735.4
799.5
-76.1
721.1
9.0
710.2
18.2
732.8
-22.9
736.1
-21.5
722.4
-16.0
773.2
-59.4
786.4
-51.1
21.9
27.1
30.5
16.4
29.0
30.9
41.7
5.4
Table 5.4.—Fixed Investment by Type
Table 5.5.—Fixed Investment by Type in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1990
1991
1991
II
III
1990
1992
IV
I
II
Fixed investment
Nonresidential
Structures
Nonresidential buildings, including
farm
Utilities
Mining exploration, shafts, and
wells
Other structures
Producers' durable equipment
Information processing and related
equipment
Computers and
peripheral
equipment l
Other
Industrial equipment
Transportation and related
eauioment . . .
Other
793.2 731.3 732.0 732.6 726.9 738.2 765.1 765.3
Residential
Structures
Single family
Multifamily
Other structures
Producers' durable equipment
577.6 541.1 545.8 538.4 528.7 531.0 550.3
201.1
180.1
150.1 127.4 132.4
169.7 170.1
170.3
122.6
116.8
115.8
114.4
27.2
28.6
28.6
28.9
29.0
30.5
30.7
15.4
15.3
15.6
14.5
14.5
13.5
10.3
13.4
11.8
107 1
30 8
376.5 360.9 360.6 362.8 358.9 360.8 380.0
136
133
383.0
8.3
8.8
8.7
9.6
9.4
123.0
123.6
121.3
124.7
131.4
1387
34.8
88.1
89.5
34.2
89.4
81.3
33.3
88.0
81.5
34.5
90.2
79.2
36.1
91.2
79.6
37.6
92.3
78.3
39.6
91.7
79.0
41.5
97 2
80 6
83.1
81.0
85.1
71.0
85.9
71.8
88.4
70.6
82.6
69.3
82.3
70.4
98.3
71.3
91 6
72.1
215.6 190.3
186.2
194.2 198.2 207.2 214.8
208.8 183.7
108.7
95.4
179.5
187.5 191.7 200.3 207.9
100.4 104.8 111.7 115.1
217.5
210.4
117 6
128
80 0
7.1
19.3
80.8
6.8
15.1
73.1
6.6
1. Includes new computers and peripheral equipment only.
185.2 175.6
547.9
164.8
89.5
15.4
74.5
6.7
14.1
73.0
6.7
127.4 129.9
13.8
73.0
6.5
12.9
75.8
6.9
14.2
78.6
6.9
1991
1991
II
III
Fixed investment
III
1992
IV
I
II
III
732.9 670.4 669.8 671.4 669.3 681.4 705.9 708.7
Nonresidential
Structures
Nonresidential buildings, including
farm
Utilities ,
Mining exploration, shafts, and
wells
Other structures
Producers' durable equipment
Information processing and related
equipment
Computers and
peripheral
equipment1
Other
Industrial equipment
Transportation and related
equipment
.. .
Other
538.1 500.2 503.0 498.7 492.1 495.8 514.7 517.1
Residential
Structures ..
Single family
Multifamily
Other structures
Producers' durable equipment
179.1 157.6
162.2
153.0
148.4 149.4 149.1 143.4
103.6
103.0
101.4
24.1
25.0
25.1
25.2
25.2
26.5
26.5
94.2
26.5
12.6
11.7
11.9
11.0
11.1
10.5
10.4
10.7
10.6
12.1
134.9
7.6
113.0 117.5 108.3
7.9
7.7
8.5
8.5
9.4
359.0 342.6 340.8 345.8 343.7 346.4 365.6 373.7
148.2 153.8
166.8
61.5
86.8
65.7
67.9
85.9
65.9
75.8
90.9
66.4
72.3
60.6
71.2
61.2
84.1
61.8
78.6
62.0
172.6
177.3
185.6
191.2
191.6
166.3
171.0 179.0 184.6 184.8
100.6 102.9 103.7
93.9
130.0
136.1
131.9
139.0 143.8
45.3
84.7
79.0
51.4
84.7
68.9
48.4
83.5
69.4
53.6
85.4
67.1
57.6
86.2
67.0
76.7
73.2
75.0
62.5
76.0
63.4
77.7
62.0
194.8 170.2
166.9
188.2 163.9
160.4
80.5
13.9
66.0
89.4
12.6
64.3
97.6
17.3
73.3
6.5
85.5
13.6
64.8
6.4
1. Includes new computers and peripheral equipment only.
6.5
6.4
12.4
64.7
6.3
11.6
66.8
6.6
12.7
69.0
6.6
11.3
69.8
6.7
SURVEY OF CURRENT BUSINESS
Table 5.10.—Change in Business Inventories by Industry
November 1992 •
Table 5.11.—Change in Business Inventories by Industry in Constant
Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1990
1991
1991
II
Change in business inventories
Farm
Nonfarm
Change in book value
Inventory valuation adjustment
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Automotive
Other
Nondurable goods
Other
Durable goods
Nondurable goods
6.3 -10.2 -21.8
3.1
5.2
0
.2
1.4
3.3 -10.3 -27.0
24.5 -14.0 -38.1
-21.3
3.8 11.2
-1.2
3.8 -7.5 -12.6
.4 -11.3 -14.0
3.4
3.8
1.4
-8.2
-7.9
5.0
2.3
2.7
.9 -11.9
-1.5 -13.5
2.4
1.6
3.7
2.5
1.2
1.3
-.2
1.5
1.8 -11.3
-1.4 -12.0
.7
3.1
-.8
-.6
-.1 -1.5
-.7
.9
-4.3
-2.5
-1.5
-.9
-1.9
-1.2
-1.1
-.1
2.2
1.4
4.7
4.9
-.2
-1.7
-1.4
-.4
3.9
-3.3
-5.9
-4.7
-1.1
-3.8
-3.8
-.1
1990
1992
I
IV
III
II
9.2 -15.8
8.1
-5.3
-2.4
1.7
14.5
16.3
-1.8
133
6.4
5.9
-7.1
-5.6
-7.8
-.3
37
3.4
9.4
6.1
101
3.3
17.4
10.5
-2.0
-5.1
3.1
1.6
1.4
.3
-2.0
-1.1
-.9
14.4
8.4
7.0
1.3
6.0
70
-3.8
-3.2
13.4
9.2
1.0
7.6
.1
6.1
2.5
5.9
.2
7.3
5.4
1.9
12.9
11.1
3.4
-6.0
.9
1.5
-.5
1.3
-.2
1.5
12.2
6.8
1.8
5.0
5.5
6.1
5.0
1.8
17
-2.6
2.0
-1.4
-.8
-6.5
-1.9
-7.1
-2.8
-2.0
-5.0
1.6
-3.4
.9
-.9
1.8
4.1
3.8
5.7
3.4
-.7
-.6
-.1
14.3
15.8
29.2
-7.7
-9.3
-6.1
-9.5
7.0
5.3
28.8
-6.7
15.5
21.1
-22.4 -13.4
125 -10.1
-16.3 -15.1
3.9
-.3
5.0
4.8
1991
1991
II
III
Change in business inventories
Farm
Nonfarm
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods ..
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Automotive
Other
Nondurable goods
Other
Durable goods
Nondurable goods
6.2
-9.3
.3
2.5
3.7
-20.4
.6
4.1
1.6
-24.5
-1.0
3.7 -6.9 -11.4
.4 -10.3 -12.8
3.4
3.4
1.4
-7.6
-7.3
.9 -11.1
-1.3 -12.2
1.1
2.2
0
4.6
2.2
2.4
3.7
2.4
1.3
.8
-.2
1.1
-3.7
-2.3
-1.4
-.8
-1.5
-.9
-1.0
.2
-9.6
1.5 -10.5
-10.8
.3
-.6
-1.2
2.7
-.6
-.1
-.5
-.3
.8
1.7
4.4
4.5
-1
-1.6
-1.3
-.3
3.3
-2.8
-3.6
-3.4
-5.3
-4.3
-1.0
-1.9
1.8
11.8
-10.7
6.0
-11.3 -8.7
-14.8 -13.5
4.8
3.5
-.2
-6.2
-3.4
-2.8
-1.8
2.1
5.1
-4.9
-8.4
9.5
5.7
-1.8
-1.1
-.7
12.3
7.6
6.5
1.1
5.2
1.5
3.2
5.0
3.4
15.2
12.8
-6.5
-8.0
-5.6
-9.0
8.4
5.0
3.3
3.0
1.6
1.3
.2
7.8
7.5 -12.6
13.3
-1.5
-4.6
II
-4.2
-3.2
-1.4
1.7
1992
I
IV
III
.8
-.9
1.6
3.5
-.7
-.5
-.1
-3.1
.5
6.5
4.8
1.7
11.8
11.5
-6.0
-2.6
-1.8
-1.3
3.2
9.9
5.5
4.4
1.9
-2.5
1.7
4.4
-.8
1.1
-.2
1.3
-4.2
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted quarterly totals
1
Inventories
.. .
Farm
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 business2 ...
Final sales of goods and2 structures
of domestic business
III
I
II
1991
96.9
90.5
93.0
91.4
988.5
988.6
571.7
416.8
569.1
419.5
991.6
568.5
423.1
992.1
568.3
423.8
999.4
572.0
427.5
411.9
265.2
146.7
409.9
262.7
406.7
259.4
404.0
256.4
147.1
147.3
147.6
403.1
253.9
149.1
231.4
147.6
231.8
146.6
235.5
236.0
238.3
149.6
148.7
150.7
83.7
85.2
85.9
87.3
87.6
204.7
204.6
208.8
209.8
131.2
129.8
133.0
132.4
211.7
134.4
73.5
26.6
16.4
10.2
74.8
27.2
16.8
10.4
75.9
26.7
16.6
10.1
77.4
26.2
16.4
248.9
252.5
255.8
257.4
263.3
119.1
121.3
121.5
124.9
128.6
61.7
57.4
63.5
57.8
63.1
58.4
65.0
59.8
67.4
61.1
129.7
131.1
134.3
132.5
134.7
96.4
94.5
93.6
94.7
94.8
399.3
401.8
403.9
411.1
414.5
1,100.0
92.8
1 007.2
574 5
432 7
405 2
252 5
1527
239.4
1532
86.2
212.9
136 6
76 3
26.5
16.7
9.9
267.3
130.3
67.4
62.9
137.0
95 3
419.2
222.1
221.6
221.2
226.1
226.7
228.9
9.8
77.3
26.6
16.3
10.3
2.73
2.48
2.70
2.46
2.68
2.45
2.64
2.41
2.63
2.41
2.62
2.40
4.45
4.46
4.48
4.39
4.41
4.40
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-of-quarter
prices. The latter is the change in the physical volume of inventories valued at average prices of the quarter. In
addition, changes calculated from this table are at quarterly rates, whereas CBI is stated at annual rates.
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.
8.2
1.1
6.8
-5.7
.2
5.5
-5.3
.9
1.4
-.4
10.8
5.9
1.6
4.3
4.8
-1.5
-1.3
-.2
Inventories1
Farm
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 business2 ...
Final sales of goods and2 structures
of domestic business
III
1992
IV
I
II
III
976.3
976.4
978.3
975.2
977.1
85.0
85.4
84.3
83.8
84.3
85.6
891.3
522.0
369.3
891.1
520.4
370.7
894.0
518.6
375.5
891.4
514.2
377.1
892.9
516.4
376.5
896.6
518.3
378.3
375.4
244.5
130.9
373.5
242.7
130.8
370.7
239.0
131.7
368.5
235.6
132.9
366.9
233.6
133.3
368.0
232.7
135.3
204.6
131.8
72.8
204.6
131.0
73.6
207.9
133.1
74.8
206.5
130.9
75.7
207.3
132.1
75.2
207.6
133.8
73.8
180.6
116.9
63.8
24.0
15.0
9.0
180.2
115.7
64.5
24.4
15.3
9.1
184.0
118.1
65.9
23.9
15.0
8.9
182.8
116.0
66.8
23.7
14.9
8.8
183.3
117.3
66.1
24.0
14.8
9.2
183.4
118.6
64.7
24.2
15.2
9.1
222.8
109.7
57.8
51.9
113.1
226.0
111.6
59.4
52.1
114.4
229.0
111.8
59.2
52.5
117.3
229.2
113.4
60.4
53.0
115.8
232.1
115.9
61.8
54.1
116.2
234.8
117.4
62.2
55.1
117.4
982.2
88.5
87.0
86.3
87.1
86.5
86.1
342.0
342.0
342.1
346.0
346.7
349.0
195.0
194.0
193.5
197.2
196.9
198.5
2.85
2.61
2.86
2.61
2.86
2.61
2.82
2.58
2.82
2.58
2.81
2.57
4.57
4.59
4.62
4.52
4.54
4.52
Ratio of inventories to final sales of domestic
business
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
II
III
101.1
1,089.6 1,085.5 1,082.1 1,085.1 1,090.9
4.5
-3.8
Seasonally adjusted quarterly totals
1992
IV
5.3
14.8
-.2
-4.5
Table 5.13.—Inventories and Final Sales of Domestic Business
by Industry in Constant Dollars
1991
20.2
-1.5
Table 5.12.—Inventories and Final Sales of Domestic Business
by Industry
II
III
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
2O • November 1992
Table 6.1 C.—National Income Without Capital Consumption Adjustment
by Industry
[Billions of dollars]
Table 6.16C.—Corporate Profits by Industry
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1990
1991
1991
II
III
IV
I
II
II
III
4,704.5 4,737.4 4,760.8
4,684.9 4,730.4 4,750.2
3,967.0 4,004.1 4,019.8
95.4
36.0
94.8
34.9
214.4
218.9
850.7
467.5
383.3
874.6
477.3
397.3
339.2
145.4
333.3
140.6
97.9
97.3
95.9
95.4
264.9
413.6
270.2
416.1
704.0 698.5
1,048.8 1,062.8
717.8
19.6
726.2
7.0
1991
1991
1992
National income
without capital
consumption
adjustment
4,496.5 4,587.5 4,575.6 4,595.4 4,639.5
Domestic industries
4,475.7 4,570.1 4,558.9 4,582.2 4,628.8
Private industries
3,815.9 3,870.6 3,860.7 3,881.0 3,923.7
Agriculture, forestry, and
fisheries
90.9
96.5
84.5
96.9
92.9
Mining
37.1
36.7
36.4
36.3
35.5
Construction
222.7 210.1 206.7 211.9 213.6
Manufacturing
8554 8410 836.9 846.7 848.6
Durable goods
483.2 464.2 464.9 466.0 467.8
Nondurable goods
372.2 376.7 371.9 380.6 380.9
Transportation and public
utilities
325.9 335.2 338.1 333.6 336.4
Transportation
137.1 140.8
142.3 139.8
142.6
Communications
96.2
95.2
91.9
95.3
95.1
Electric, gas, and
sanitary services ....
100.7
96.8
99.0
97.6
98.6
Wholesale trade
258.3 266.0 267.4 266.5 265.8
Retail trade
391.7 403.3 402.9 403.3 409.9
Finance, insurance, and
real estate
673.8 685.0 679.8 687.7 694.2
Services
954.3 1,002.4 996.1 1,010.5 1,026.9
Government
659.8 699.4 698.2 701.2 705.0
17.4
16.7
Rest of the world
20.7
10.8
13.3
1990
730.4
10.6
Corporate profits with inventory
valuation and capital
consumption adjustments
Domestic industries
Financial
Nonfinancial
Rest of the world
Receipts from the rest of the world ...
Less: Payments to the rest of the
world
Corporate profits with inventory
valuation adjustment
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
eauiDment .
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
III
1992
IV
I
II
III
361.7 346.3 347.3 341.2 347.1 384.0 388.4 370.4
296.0 279.8 280.9 279.3 284.2 315.3 327.4 308.6
47.7
49.9
49.6
52.8
48.9
59.6
51.2
28.1
248.3 229.9 231.4 226.5 235.3 255.7 276.2 280.5
65.7
67.7
2.0
66.5
62.5
66.3
61.7
61.9
59.8
62.9
59.1
68.7
67.1
61.0
67.1
-4.0
-4.7
-2.2
-3.8
-1.6
6.1
61.9
66.3
4.4
341.2 337.8 342.2 331.9 333.1 360.7 361.4 340.7
275.5 271.3 275.9 270.0 270.2 292.0 300.4 278.8
56.7
21.4
35.3
60.9
20.2
40.7
60.7
20.2
40.5
63.6
20.0
43.6
59.7
19.8
39.9
70.1
18.8
51.3
61.3
18.5
42.8
37.8
17.2
20.6
218.8 210.4 215.1 206.4 210.5 221.9 239.0 241.0
893 903 91 8 875 975 1152
1069
40.5
3.1
6.3
25.8
29.0
26.2
24.8
31.8
38.3
1.1
5.4
1.2
5.5
.2
5.8
1.4
6.0
.8
6.1
1.1
7.8
8.9
9.7
6.8
9.2
8.6
9.5
7.5
6.6
6.9
5.5
6.8
7.2
6.4
-2.6
14.9
66.5
13.2
-6.9
10.8
63.5
16.6
-7.5
13.2
61.3
16.6
-4.3
12.2
65.7
18.4
-4.9
16.2
14.6
22.5
43.9
23.1
46.1
23.8
49.6
25.9
42.2
22.9
45.6
358
440
455
417
445
32.1
65.7
31.1
66.5
29.8
66.3
30.7
61.9
32.9
62.9
11.3
16.1
7.7
14.1
6.8
17.1
4.2
6.2
62.7
14.6
20.1
5.1
1.8
7.4
4.5
9.0
65.7
15.2
76.9
19.5
17.8
17.1
11.1
29.2
42.2
46.7
35.0
61.0
8.2
24.5
49.4
39.9
35.1
68.7
"ei'ig
November 1992 • 21
SURVEY OF CURRENT BUSINESS
Table 7.1 .—Fixed-Weighted and Alternative Quantity and Price Indexes
[Index numbers, 1987=100]
Seasonally adjusted
Seasonally adjusted
1990
1991
Gross domestic product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark"Vears weidnts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
Personal consumption expenditures:
Current dollars
Quantity indexes:
RYorl 1QR7 u/pinhtc
Chain-type annual weights
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
Durable goods:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
Nondurable goods:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights . .
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Gross private domestic investment:
Current dollars
Quantity indexes:
Benchmark-years weionts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
Fixed investment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weionts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Imolicit orice deflator
121.6 125.1 124.6
III
125.8
1990
1992
1991
II
IV
I
126.7 128.6
II
III
130.0
131.8
107.4
106.2 106.1 106.4 106.6 107.4 107.8 108.8
113.5
118.1
113.2
117.8
117.7
117.5
118.6 119.3
120.4 121.3
122.0
118.2 118.9 119.8 120.6 121.1
122.8 127.4
126.9 128.2 129.2 131.8 132.9 134.6
106.8 106.2
106.1
120.4
106.5 106.4 107.8
107.7
108.7
121.8
122.9
124.0 124.8
115.0 120.0 119.5 120.4 121.4
122.3
123.4 123.8
115.0
116.3
116.6 119.6
103.9 103.1 107.1
106.5 109.0
115.3
119.9 120.8
110.5 109.3
108.8 102.7 101.9
112.2
111.6
106.3 108.9 108.6 109.5 109.8 110.3 111.3 111.8
105.7 107.6 107.3 108.0 108.3 108.6 109.4 109.7
121.1
123.8 124.0 124.2
123.8 126.0 126.4 127.9
104.5 103.1 103.5 103.3 102.4 103.8 103.4 104.1
116.2 120.5 120.3 120.6 121.3 121.8 122.7
123.5
120.2
120.8
121.4 122.2 122.9
125.8
133.8 132.9 134.7
136.9
139.2 141.0 142.4
107.8
108.9 108.8
115.9 120.1
119.9
109.1 109.8 110.4 110.7
111.5
116.9 123.1 122.5
123.8
125.1
126.6 127.8 128.7
116.7 122.8
123.4 124.7
126.1 127.4 127.7
122.1
106.7
96.2
94.8
97.8
98.2
96.4
98.6
88.2
86.7
89.7
90.3
89.3
109.7
101.2
101.4
92.7
101.2 101.3
92.6
92.9
109.1 110.8 110.6 111.2
100.5 102.1
92.6
94.2
111.1
111.1
103.2 105.0
95.2
97.3
105.8 105.9
97.6
98.0
111.0 111.7
108.? 109.1 109.3 109.1 108.6 108.3 108.4 108.0
II
Nonresidential:
Current dollars
1992
1991
1991
III
IV
116.0
108.7 109.6
108.2 106.2
108.1
. Chain-type annual weights ....
Benchmark-years weights
Price indexes:
108.3
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
107.3
100.5 101.0
100.2
Quantity indexes:
PiypH 1Qft7 wpinhtQ
Structures:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Implicit price deflator
Producers' durable
equipment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Implicit price deflator
Residential:
Current dollars
Quantity indexes:
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Exports of goods and services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Imports of goods and services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weiohts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
110.4
110.2 110.6
98.9
I
II
106.7 110.6
99.6
110.7 110.8
III
110.1
103.4 103.9
111.1
111.5
108.2 108.5
108.0
107.4
117.4 105.1 108.1
102.5
99.1
99.3
99.4
96.2
89.3
86.6
87.2
87.0
83.7
107.1 106.9 105.9
104.6
92.0
112.4
114.3
114.2 114.9
114.4 114.0
114.4 115.1
112.3
114.3
114.2 114.8
114.4
114.2
115.3
110.6
110.5
94.7
111.1
113.9
110.0 110.5
105.3
114.9
116.4 117.3
106.1 112.0 114.5
110.0 104.9
104.4 105.9
106.1
108.3
108.1
108.3 108.7
109.2
109.5 109.8
104.9 105.4
105.8
104.9
104.5
104.2
103.9 102.5
95.7
84.5
82.7
86.2
88.0
92.0
95.4
96.5
86.5
75.6
74.1
76.6
78.7
82.4
84.9
85.0
111.8 111.6
112.5
111.9
110.8
111.7 112.4
113.6
110.7 111.8 111.6 112.5 111.8 111.7 112.3 113.5
172.6
171.8 175.7
153.0
164.4 163.3
140.1
148.2
147.3
149.5
154.2
155.3 154.8 158.3
110.1
112.4
112.3 112.1
112.8
113.0 113.6 114.1
165.5 171.2
109.2 110.9 110.9
110.7 111.0 111.1
123.4 122.3
124.1
120.2
111.0
111.0
126.0 125.5 130.7 133.0
110.8
110.7 109.2 113.6
114.8
115.7
112.6
113.7
113.0
112.8
113.7
112.9 114.2
111.4
110.5
110.1
109.3 109.8 108.4 109.1 107.7
119.8 123.4
115.8
SURVEY OF CURRENT BUSINESS
22 • November 1992
Table 7.1 .—Fixed-Weighted and Alternative Quantity and Price IndexesContinued
Table 7.2.—Fixed-Weighted and Alternative Quantity and Price Indexes
for Gross Domestic Product, Final Sales, and Purchases
[Index numbers, 1987=100]
[Index numbers, 1987=100]
Seasonally adjusted
1990
Government purchases:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
Federal:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual
weights
Benchmark-years
weights
Price indexes:
Rxed 1987 weights
Chain-type annual
weights
Benchmark-years
weights
Implicit price deflator
National defense:
Current dollars
Quantity indexes:
Fixed 1987
weights
Chain-type annual
weights
Benchmark-years
weights
Price indexes:
Fixed 1987
weights
Chain-type annual
weights
Benchmark-years
weights
Implicit price deflator ....
Nondefense:
Current dollars
Quantity indexes:
Fixed 1987
weights
Chain-type annual
weights
Benchmark-years
weights
Price indexes:
Fixed 1987
weights
Chain-type annual
weights
Benchmark-years
weights
Implicit price deflator ....
State and local:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual
weights
Benchmark-years
weights
Price indexes:
Fixed 1987 weights
Chain-type annual
weights
Benchmark-years
weights
.. .
Implicit price deflator
Seasonally adjusted
1990
1992
1991
1991
II
III
IV
I
II
III
118.3
123.7
123.7
124.0
123.7
125.1
125.8
127.4
105.5
106.7
107.3
106.7
105.8
106.3
106.0
106.8
112.5
116.5
116.0
116.9
117.7
118.6
119.6
120.3
112.2
115.9
115.4
116.3
116.9
117.7
118.7
119.2
110.8
116.2
116.9
116.2
114.5
115.6
115.5
118.0
99.7
100.9
102.3
100.6
98.2
97.5
96.8
98.3
112.0
116.7
115.9
116.9
118.3
120.1
120.9
122.0
111.2
115.2
114.3
115.5
116.6
118.6
119.3
120.0
107.5
110.9
111.6
110.2
107.8
107.4
106.7
109.0
97.0
96.8
98.5
96.1
92.8
90.9
89.8
91.2
112.2 116.5
115.5
116.7
118.5
120.2
121.0
122.2
110.8
114.5
113.3
114.7
116.2
118.1
118.9
119.5
121.0
133.0
133.5
135.0
135.7
141.5
143.3
146.1
108.0
113.6
114.3
114.8
115.4
118.1
119.1
120.7
111.5
117.0
116.9
117.6
117.7
119.7
120.2
120.9
112.0
117.1
116.8
117.6
117.6
119.8
120.3
121.0
124.2
129.5
129.0
130.1
130.8
132.5
133.8
134.7
110.0
111.3
111.1
111.4
111.7
113.1
113.1
113.5
112.9
116.4
116.2
116.9
117.2
117.4
118.5
118.9
112.9
116.4
116.1
116.8
117.1
117.1
118.3
118.7
NOTE—The quantity and price indexes in this table are calculate from weighted averages of the detailed output
and prices used to prepare each aggregate and component. The fixed weighted measures use as weights the
composition of output in 1987. For the alternative indexes, the chain-type indexes with annual weights use weights
for the preceding and current years, and the indexes with benchmark-years weights use weights of 1959, 1963,
1967, 1972, 1977, 1982, and 1987 and the most recent year Percent changes from preceding period for selected
items in this table are shown in table 8.1.
1991
1991
II
Gross domestic product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
Final sales of domestic product l:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Gross domestic purchases2:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
Final sales to domestic purchasers3:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
III
1992
IV
I
II
III
121.6 125.1 124.6 125.8 126.7 128.6 130.0 131.8
107.4 106.2 106.1 106.4 106.6 107.4 107.8 108.8
113.5 118.1 117.7 118.6 119.3 120.4 121.3 122.0
113.2 117.8 117.5 118.2 118.9 119.8 120.6 121.1
122.2 126.0 125.8 126.6 127.3 129.7 130.6 132.1
107.9 107.0 107.2 107.0 107.0 108.3 108.2 109.0
113.6 118.2 117.8 118.7 119.4 120.4 121.4 122.1
113.2
117.8 117.4 118.3 118.9 119.8 120.7 121.2
119.4 121.7 121.1 122.6 123.2 124.9 126.8 128.5
105.3 103.4 103.2 103.9 103.8 104.5 105.4 106.5
113.7 118.1 117.6 118.5 119.2 120.2 121.1 121.9
113.4 117.7 117.3 118.0 118.7 119.5 120.3 120.6
119.9 122.6 122.3 123.3 123.7 125.9 127.4 128.8
105.7 104.2 104.3 104.4 104.2 105.4 105.8 106.7
113.8 118.2 117.8 118.6 119.3 120.2 121.2 122.0
113.4 117.7 117.3 118.0 118.7 119.5 120.3 120.7
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.
SURVEY OF CURRENT BUSINESS
Table 7.3.—Fixed-Weighted and Alternative Quantity and Price Indexes
for Gross National Product and Command-Basis Gross National
Product
November 1992 • 23
Table 7.6.—Price Indexes for Fixed Investment by Type, Fixed
1987 Weights
[kidex numbers, 1987=100]
[Index numbers, 1987=100]
Seasonally adjusted
Seasonally adjusted
1990
1991
1991
II
III
1990
1992
IV
I
107.7 106.4
106.3
106.6
131.9
106.7 107.6 107.8 108.9
113.5 118.1 117.7 118.6 119.3 120.4 121.3 122.0
113.2
117.8
117.4
118.2 118.9
119.8 120.6 121.1
Less: Exports of goods and services
and receipts of factor income:
Current dollars
Quantity index, fixed 1987 weights
153.0 158.1 157.2 157.8 161.2 162.3 161.3 163.2
138.8 140.8 140.1 140.6 143.3 143.9 143.1 144.8
Plus: Command-basis exports of
goods and services and receipts
of factor income:
Current dollars
Quantity index, fixed 1987 weights
153.0 164.4 163.3 165.5 171.2 172.6 171.8 175.7
136.8 141.3 140.9 142.2 144.6 147.1 145.2 148.6
Equals: Command-basis gross
national product:
Current dollars
Quantity index, fixed 1987 weights
122.0 125.3 124.9 126.0 126.8 128.9 130.0
107.5 106.5 106.4 106.7 106.8 107.9 108.0
131.9
109.3
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 7.4.—Price Indexes for Personal Consumption Expenditures
by Major Type of Product, Fixed 1987 Weights
[Index numbers, 1987=100]
Personal consumption
expenditures
Durable goods
Motor vehicles and parts
Furniture and household equipment ..
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal .
Other
Services
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Other
120.4
119.9
120.8
121.8
122.9
124.0
124.8
106.3
108.9
108.6
1095
109.8
110.3
111.3
111.8
111 6 1127
102.4 103.0 102.9 103.3 102.9 103.8 104.1 103.8
115.9 120.5 119.4 121 2 1228 123.5 1245 124.7
1054
1088
1085
1096
1099
1100
116.2
120.5
120.3
120.6
121.3
121.8
1157
1201
1203
1155
121 3 121 7 1223
1173
1242
1206
1166
1221
1205
1255
1176
1199
1135
1264
127.9 128.9
123.8
125.1
126.6
127.8
128.7
121 7 1230
111 4
1108
105.6 108.8 108.0 108.7 110.1 109.6
106.0 110.6 110.5 111.4 111.3 113.0
114.5 121.9 120.8 122.7 124.2 127.3
1237
1122
1243
1256
1255
1175
121 2
123.7
1204
1151
1226
1170
1231
116.9
12:3.1
122.5
1154
1059
1242
1238
1202
1098
1328
1197
1093
1320
117.4 123.7 1231
121 7
1205
1101
1337
124.5
1356
1256
122.7
1180
1228
1151
I
II
III
109.1
110.8
110.6
111.2
111.1
111.1
111.0
111.7
108.3
110.4
110.2
110.6
110.7
110.8
111.1
111.5
Structures
Nonresidential buildings, including
farm
Utilities
Mining exploration, shafts, and
wells
Other structures
112.4
114.3
114.2
114.9
114.4 114.0
114.4
115.1
Producers' durable equipment
Information processing and related
equipment
Computers and peripheral
equipment ]
Other1
Industrial equipment
Transportation and related
equipment
Other
106.1
108.3
108,1
108.3
108.7
109.2
109.5
109.8
96.2
94.6
95.0
94.0
93.8
93.8
93.2
92.3
78.6
70.0
71.8
68.3
66.9
65.3
62.4
58.8
111.3 112.8 112.6 113.2 112.8 112.4 112.8 113.7
113.3 114.4 114.2 114.8 114.8 115.1 115.6 116.0
122.7 130.5 130.7 132.3 130.5 129.9 129.3 128.4
110.0 112.2 112.8 112.7 111.6 110.0 111.2 111.7
104.1 105.7 105.6 105.8 106.1 106.8 107.2 107.8
113.4 117.9 117.3 117.9 118.7 119.1 119.8 121.4
108.8 113.4 112.9 113.7 114.7 115.9 116.9 117.2
111.0 114.4 114.0 114.7 115.2 115.6 116.1 117.0
110.8
111.8
111.6
112.5
111.9
111.7
112.4
113.6
Structures
Single family
Multifamily
Other structures
111.0
111.4
111.2
110.2
112.0
111.7
111.4
112.8
111.8
111.2
110.9
112.9
112.7
112.3
112.0
113.5
112.1
111.7
111.4
113.0
111.9
111.0
110.7
113.5
112.6
111.9
111.6
113.8
113.8
113.3
113.1
114.5
Producers' durable equipment
104.1
104.2
103.6
105.5
103.6
104.4 105.0
105.3
Residential
Addenda:
Price indexes for fixed investment:
Chain-type annual weights
Benchmark-years weights
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
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]
123.5
1177
1253
1193
1130.
110.4 111.3
113.8 114.5
126.4 127.1
1376 1396
141 2
126.9 128.4 129.1
Addenda:
Price indexes for personal
consumption expenditures:
Chain-type annual weights
Benchmark-years weights
IV
1. Includes new computers and peripheral equipment .only. Prior to 1982, all computers and peripheral
equipment 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.
115.3
111 4 1153
III
III
Nonresidential
122.0 125.3 124.9 126.0 126.8 128.9 130.0
1992
1991
II
II
Fixed investment
Gross national product:
Current dollars . .
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator . .
1991
112.4
112.3
112.1
109.8
106.9 108.4
113.5 112.1
112.0 118.9
109.9
109.2
110.1
Exports of goods and services
Merchandise l
Durable
Nondurable
Services l
1093
112.8
109.8
1083
1085 108.8
112.5 110.4 111.5
118.3 119.3 120.3
113.6
114.1
109.6 110.0
110.1
1093
1095
1107
1100
113.0
110.4
110.1
121.2 122.3 123.8
Receipts of factor income2
113.9
118.7
118.4
119.4
120.1
121.2
122.0
122.3
Imports of goods and services
112.6
113.7
113.0
112.8
113.7
112.9
114.2
115.8
111.5 111.2
1099 111 4
114.2 110.8
117.5 125.0
110.7
111 3
109.6
123.6
110.1 111.2
111 6
1109
108.7 110.3
125.1 125.3
110.0 111.3
1117
112.2
106.8 109.6
126.0 127.5
112.9
114.1
119.2
120.3
123.1
123.1
Merchandise l
Durable
Nondurable
Services l
Payments of factor income 3
...
119.6
121.1
122.3
1135
112.0
128.7
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
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.
SURVEY OF CURRENT BUSINESS
24 • November 1992
Table 7.10.—Price Indexes for Exports and Imports of Merchandise
by End-Use Category, Fixed 1987 Weights
Table 7.11 .—Price Indexes for Government Purchases by Type,
Fixed 1987 Weights
[Index numbers, 1987=100]
[Index numbers, 1987=100]
Seasonally adjusted
Seasonally adjusted
1990
1991
1991
1990
1992
II
III
IV
I
II
III
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
109.3
109.8
109.9
109.2
109.8
109.6
110.0
110.1
115.7
114.1
115.5
113.4
103.8
112.3
114.8
111.4
115.2
109.7
105.4
117.8
115.5
111.7
115.1
110.2
105.3
117.1
113.6
109.5
115.0
107.0
105.5
118.9
117.9
109.0
114.6
106.4
105.9
119.3
117.2
107.2
114.7
103.8
106.0
120.2
116.8
108.6
117.0
104.8
105.7
120.4
112.8
110.4
119.7
106.2
105.6
121.5
78.1
69.4
71.2
67.4
66.1
64.7
62.3
58.4
109.8
107.4
110.7
109.9
111.3
111.2
111.2
111.2
113.7
110.5
113.8
111.7
115.7
112.5
112.5
112.5
113.1
110.2
114.4
112.4
116.1
112.3
112.3
112.3
114.2
110.9
113.7
111.2
115.8
112.1
112.1
112.1
115.1
111.2
114.3
111.4
116.8
112.7
112.7
112.7
115.5
111.8
117.7
117.4
118.1
112.6
112.6
112.6
115.9
112.3
117.9
116.2
119.5
113.0
113.0
113.0
116.7
112.6
118.0
116.0
119.8
113.4
113.1
113.1
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
111.5
111.2
110.7
110.1
111.2
110.0
111.3
112.9
104.0
108.4
109.1
108.2
108.8
111.7
107.2
106.7
116.8
117.9
115.6
119.6
105.2
112.6
114.9
114.5
115.3
105.2
106.2
117.7
115.8
115.3
116.3
100.5
106.1
117.1
113.4
113.7
113.2
100.2
104.9
118.9
112.8
112.8
112.8
104.9
106.0
119.3
113.6
114.1
113.2
114.3
116.2
112.3
101.6
103.8
120.3
114.8
116.5
116.3
108.2
105.8
121.5
Addenda:
Exports of agricultural products l
Exports of nonagricultural products ...
Imports of nonpetroleum products
1. Includes parts of line 2 and line 5.
88.7
105.0
120.2
80.3
71.7
73.2
70.9
68.6
66.8
65.1
63.5
111.0
108.8
113.3
112.4
114.5
111.5
111.5
111.5
114.2
112.5
114.0
113.9
114.1
112.8
112.8
112.8
113.7
112.2
113.4
113.3
113.6
112.8
112.8
112.8
112.8
112.8
113.5
113.5
113.5
112.2
112.2
112.2
114.7
113.6
114.5
114.6
114.5
112.7
112.7
112.7
113.9
114.7
115.0
113.7
116.6
112.9
112.9
112.9
112.8
114.9
116.5
116.3
116.7
113.1
113.1
113.1
115.8
115.9
117.9
117.4
118.5
114.5
114.1
114.1
114.3
108.6
110.5
112.9
109.4
111.9
114.2
109.3
111.9
111.6
108.9
111.3
114.4
109.2
111.9
113.2
109.1
112.4
112.9
109.6
112.4
110.5
110.1
113.6
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
Addenda:
Price indexes for government
purchases:
Chain-type annual weights
Benchmark-years weights
Price indexes for Federal national
defense purchases:
Chain-type annual weights
Benchmark-years weights
Price indexes for Federal nondefense
purchases:
Chain-type annual weights
Benchmark-years weights
Price indexes for State and local
purchases:
Chain-type annual weights
Benchmark-vears weionts
1991
1991
1992
II
III
IV
I
II
III
112.5
116.5
116.0
116.9
117.7
118.6
119.6
120.3
112.0
116.7
115.9
116.9
118.3
120.1
120.9
122.0
112.2
108.9
125.5
112.8
115.3
114.8
116.2
109.3
116.1
116.5
111.6
121.1
118.6
122.1
121.5
123.3
113.6
118.0
115.5
110.7
117.9
117.6
120.8
119.7
123.0
113.1
117.9
116.7
110.8
117.5
119.3
123.1
122.9
123.7
113.8
120.6
118.5
113.0
120.6
121.2
125.1
125.4
124.6
115.5
116.1
120.2
112.9
112.0
124.3
130.7
131.2
129.6
115.2
116.3
121.0
112.9
116.9
125.2
131.9
132.8
130.1
115.4
118.5
122.2
113.7
121.2
126.4
132.9
133.9
130.8
116.9
119.8
111.5
104.5
117.0
106.6
116.9
106.7
117.6
107.1
117.7
105.6
119.7
103.0
120.2
102.9
120.9
103.1
109.1
113.3
115.5
110.2
110.6
108.7
119.4
122.4
115.2
113.3
108.8
118.9
122.2
114.4
113.5
109.3
119.9
122.7
116.0
113.8
108.6
120.8
123.4
117.2
113.3
109.0
123.8
128.4
117.3
112.6
109.4
124.0
128.7
117.5
113.4
108.6
125.7
132.6
115.6
119.0
112.9
108.2
115.6
113.5
116.5
116.4
111.2
115.1
118.1
122.0
116.2
110.8
114.6
117.7
121.4
116.9
111.3
114.9
118.7
122.6
117.2
111.9
114.5
119.4
123.7
117.4
112.4
113.4
120.3
124.9
118.5
113.2
115.9
121.2
126.4
118.9
113.5
116.6
121.5
126.8
81.7
76.5
77.9
76.1
72.1
70.0
65.1
64.0
109.6
110.5
111.2
111.1
109.5
107.4
108.8
109.7
SURVEY OF CURRENT BUSINESS
November 1992 • 25
Table 7.12.—Price Indexes for National Defense Purchases, Fixed
1987 Weights
Table 7.14.—Implicit Price Deflators for Gross Domestic Product
by Sector
[Index numbers, 1987=100]
[Index numbers, 1987=100]
Seasonally adjusted
1990
1991
1991
II
112.2
National defense purchases
Durable goods
Military equipment
Aircraft
Missiles
Ships
Vehicles
Electronic equipment
Other
Other durable goods
Nondurable goods
Petroleum products
Ammunition . . .
Other nondurable goods
Services
Compensation of employees
Military
Civilian
Other services
Contractual research and
development
Installation support l
Weapons support2
Personnel support3
Transportation of material
Travel of persons
Other
I
II
115.5
116.7 118.5
120.2 121.0
122.2
110.7
110.8
112.9 112.9
113.7
108.9
111.5
112.0
114.0
99.5
101.6
110.2 117.2
110.7 115.2
105.9 107.0
113.0 115.4
108.0 107.6
111.0
112.4
100.3
117.7
113.8
106.8
115.5
108.0
111.2
112.5
113.6
117.1
99.9
100.0
117.6 118.6
115.4 118.8
107.1 107.6
115.9 115.4
107.3 106.7
113.5
116.8
114.8
117.7
101.4
118.7
120.5
108.8
116.2
102.7
125.5 121.1
117.9
117.5
113.0
113.9
116.2
99.9
101.0
118.4 118.7
119.1 119.0
107.8 109.0
115.2 116.2
107.1 103.1
120.6 112.0 116.9 121.2
145.6 132.1 120.1
112.3 109.5 112.5
116.1 120.1 120.6
123.9 131.7 108.8 116.0
108.1 108.2 107.9 123.9
119.5 120.3 119.4 119.9
112.8
118.6 117.6
119.3 121.2
124.3 125.2 126.4
115.3
114.8
116.2
109.3
122.1
121.5
123.3
113.6
120.8
119.7
123.0
113.1
123.1
122.9
123.7
113.8
125.1
125.4
124.6
115.5
130.7
131.2
129.6
115.2
131.9
132.8
130.1
115.4
132.9
133.9
130.8
116.9
106.1
110.7
109.9
118.0
108.8
113.6
115.6
126.7
102.5
112.3
108.8
112.8
114.9
125.5
101.9
112.7
108.8
114.1
116.0
126.3
101.8
113.5
110.1
114.8
118.4
131.1
105.6
111.5
109.9
113.5
118.0
132.6
103.7
112.5
111.6
113.3
118.6
131.9
102.1
109.1
112.2
114.9
119.7
136.5
101.4
110.8
116.1
118.0
117.9
108.0
131.0
109.6
133.3
110.5 110.9
131.5 138.4
120.6 116.1
108.0
131.0
128.6
124.4
118.4
116.3
118.5 119.8
111.5
125.1
113.3
128.5
114.3
130.2
Addenda:
Price indexes for national defense
purchases:
Chain-type annual weights
Benchmark-years weights .
1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors to
operate installations.
2. Includes depot maintenance and contractual services for weapons systems, other than research and
development.
3. Includes compensation of foreign personnel, consulting, training, and education.
Table 7.13.—Implicit Price Deflators for the Relation of Gross
Domestic Product, Gross National Product, Net National Product,
and National Income
[Index numbers, 1987=100]
Gross domestic product
Plus: Receipts of factor income from
the rest of the world l
Less: Payments of factor income to the
rest of the world 2
Equals: Gross national product
113.2
117.8
117.5
118.2
118.9
119.8
1138
1187
1184
1194
1201
121 2 1220
120.6 121.1
1226
1140
1195
1191
120.2
121 1 1223
1231
113.2
117.8
117.4
118.2
118.9 119.8
120.6 121.1
1239
Less: Consumption of fixed capital
108.6
110.0
110.2 109.7
110.0 109.5
110.4
111.1
Equals: Net national product
113.8
1188
118.4
119.4
120.1
121.2
122.0
1??fi
Less: Indirect business tax and nontax
liability plus business transfer
payments less subsidies plus current
surplus of government enterprises ....
Statistical discrepancy
117.6 128.4
112.8 117.1
125.8
116.8
130.7
117.5
130.7
118.0
131.2 131.1 134.1
118.8 119.5 120.0
Equals: National income
113.4 117.8
117.7
118.2
119.0
120.2 121.1
121.4
Addenda:
Net domestic product
Domestic income
113.4 117.8
118.4
117.7
119.4 120.1
118.2 119.1
1212 122.0
120.2 121.1
122.6
121.4
1138
1188
1. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
2. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
1992
1991
1991
III
116.5
96.5
Military facilities
Other
IV
1990
108.9 111.6
107.3
Structures ..
III
Seasonally adjusted
1992
II
III
IV
I
II
III
113.2
117.8
117.5
118.2
118.9
119.8
120.6 121.1
Business
Nonfarm
Nonfarm less housing
Housing
Farm
Statistical discrepancy
112.8
112.6
112.4
115.2
120.5
112.8
117.1
117.1
116.8
119.8
114.0
117.1
116.8
116.7
116.5
119.1
121.3
116.8
117.5
117.5
117.2
119.9
115.5
117.5
118.0
118.2
117.8
122.0
106.9
118.0
118.8
118.9
118.6
122.2
110.8
118.8
119.5
119.7
119.3
123.0
110.5
119.5
Households and institutions
Private households
Nonprofit institutions
115.2 121.6 120.9 122.7
106.0 111.4 110.9 111.7
115.7 122.0 121.3 123.2
General government
Federal
State and local
116.1
115.3
116.4
121.9 121.3
122.2 121.3
121.8 121.3
Addendum:
Gross domestic business product
less housing
112.5
116.8
Gross domestic product
120.0
120.1
118.9
131.7
111.4
120.0
123.8 125.0 126.5 126.7
113.2 113.9 114.9 116.4
124.2 125.4 127.0 127.2
122.6 123.9 126.3 127.6 128.1
123.0 124.6 129.9 130.8 131.7
122.5 123.6 124.7 126.2 126.6
Table 7.15.—Current-Dollar Cost and Profit Per Unit of ConstantDollar Gross Domestic Product of Nonfinancial Corporate Business
[Dollars]
Current-dollar cost and profit
per unit of constant-dollar
gross domestic product 1
1.108
1.139
1.140
Consumption of fixed capital
.120
.126
.127
Net domestic product
.988
1.013
1.013
Indirect business tax and nontax
liability plus business transfer
payments less subsidies
Domestic income
Compensation of employees
Corporate profits with inventory
valuation and capital
consumption adjustments
Profits tax liability
Profits after tax with inventory
valuation and capital
consumption adjustments
Net interest
1.143
1?7
1.016
117
1.152
1.143
1.146
1.151
.126
.125
.126
.130
1.017
1.021
1.026
1.022
.117
.900
.761
.903
.760
.117
.908
.759
.118
.903
.756
118
106
882
115
898
114
899
.737
.759
.760
.900
.763
.091
.034
.085
.030
.086
.030
.084
.031
.086
.030
.093
.033
.100
037
.101
035
.057
.054
.055
.053
.056
.053
.053
.053
.056
.052
.060
.050
.064
.049
.066
.047
1. Equals the deflator for gross domestic product of nonfinancial corporate business with the decimal point
shitted two places to the left.
26 • November 1992
SURVEY OF CURRENT
BUSINESS
Table 8.1 .—Percent Change From Preceding Period in Selected Series
[Percent]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1991
1990
1990
1992
1991
II
IV
III
I
II
Gross domestic product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Personal consumption expenditures:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Durable goods:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Nondurable goods:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Gross private domestic investment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Fixed investment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Nonresidential:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weiqhts
5.2
.8
2.8
-1.2
5.2
4.0
2.8
6.2
4.3
5.6
1.7
1.2
.6
2.9
1.5
3.9
4.5
4.0
3.5
3.0
2.4
3.6
2.9
2.2
6.4
3.7
5.4
4.4
3.0
8.4
3.5
5.1
1.2
-.6
2.0
1.5
-.3
5.1
-.1
3.7
5.3
4.4
3.3
3.0
3.1
3.5
3.5
1
1.1
-3.9
1.7
-.3
-5.6
-.7
8.1
10.9
1.7
2.4
2.9
3.6
6.5
2.2
3.0
.4
1.3
-.6
.5
-1.3
-2.3
18.0
-3.1
16.5
1.0
-2.1
2.6
10.7
9.5
1.8
3.6
1.8
-1-2
7.5
1.1
4.9
-3.5
5.5
1.1
-1.5
2.5
6.1
3.6
1.7
.7
2.4
1.8
2.8
2.5
7.6
6.3
7.5
5.6
6.5
7.0
5.3
4.1
1.9
1.1
3.0
1.2
2.3
2.2
1.2
3.0
5.6
5.3
4.3
4.3
4.0
4.9
3.8
2.8
-3.9
-5.7
-9.8
-10.6
2.7
2.2
13.3
14.6
1.8
2.9
31.2
-7.2
-4.6
1991
29.5
7.0
8.9
Structures:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Producers' durable
equipment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Residential:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Exports of goods and services:
Pnrrpnt Hnllarc
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
1992
1991
III
IV
II
III
-9.7
-19.2
III
II
I
128
.9
.5 -12.3
.8 -12.0 -10.6 -20.8 -11.5
2.7
-.8 -14.4
4.0 -10.4
1.4
2.4
2.1
23.0
3.2
3.2
24.1
9.2
1.6
1.6
1.1
1.1
18.3
8.5
19.4
15.5
5.1
7.0
14.4
11.3
20.1
12.6
.8
.9
.7
3.3
-2.1
-.7
2.5
4.3
9.6
7.4
15.6
5.5
14.4
3.4
-1.7
9.3
8.1
5.8
16.6
6.2
13.3
2.9
-1.4
9.4
1.7
2.1
-,
-.6
2.4
.,,5
6.5
-.9
5.1
13.7
6.1
-1.7
3.0
-.1
15.6
17.1
4.2
3.7
1.0
-7.9
-.6
3.1
7.0
4.5
1.2
c
-1.1
4.8
2.8
1.2
.2
-2.3
-3.0
1.7
4.2
3.5
1.8
6.2
4.9
2.0
1.2
45
41
1.1
3.5
47
3.1
76
-4.8
-8.7
-9.4
-13.0
3.1
1.7
1.1
2.2
-1.6
.5
-4.1
—9
2.5
-4.2
-4.6
.7
6.0
-2.4
2.0
-.1
.6
-6.6
-11.7
8.1
-9.1
-12.6
2.7
-1.0
2.1
-1.3
2.1
1.9
17.6
7.4
14.7
12.8
Imports of goods and services:
Quantity indexes:
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Government purchases:
Quantity indexes:
Fixed 1987 weidhts
Chain-type annual weights
Benchmark-years weiohts
Price indexes:
3.5
-2.9
2.9
2.7
3.0
-2.4
-5.6
3.9
-6.5
-9.0
-3.0
5.0
6.0
4.8
5.7
2.2
5.1
-1.2
3.5
3.3
2.3
Chain*tvoe annual weights
Benchmark-years weights
-.7
-2.8
2.5
-7.8
-8.5
1.6
-1.0
-.8
1.0
.4
1.8
-3.1
6.4
15.4
.1
-1.2
7.4
15.2
1.6
-.3
.1
1.5
1.7
-6.3
-4.0
-5.3
-7.0
1.8
15.4
-.4
-7.0
-3.1
-3.4
-5.2
3.0
16.1
2.4
1.9
.c
1.2
.4
c
1.2
0
-1.7
1.9
1.6
Federal:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
National defense:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights .
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights .
Benchmark-years weights
4.5
-1.2
— .t
-5.6
3.9
.4
3.9
6.5
8.6
-2.7
6.3
2.8
3.5
-1.4
-2.4
8.9
-7.7
-5.2
6.7
5.6
3.2
4.0
SURVEY OF CURRENT BUSINESS
November 1992 • 2?
Table 8.1 .—Percent Change From Preceding Period in Selected
Series—Continued
Table 8.2.—Selected Per Capita Product and Income Series in
Current and Constant Dollars and Population of the United States
[Percent]
[Dollars]
Seasonally adjusted at annual rates
1990
1991
1991
*Nondefense:
Current dollars
. . ,.
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weignts ... .
State and local:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Addenda:
Final sales of domestic product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Gross domestic purchases:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weignts
Benchmark-years weignts
Final sales to domestic purchasers:
Current dollars .
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Rxed 1987 weights
Chain-type annual weights
Benchmark-years weights
Gross national product:
Current dollars
Quantity indexes:
Fixea 1987 weights
Chain-type annual weights
Benchmark-years weignts
Price indexes:
Fixed 1987 weights . . . .
Chain-type annual weights
Benchmark-years weights
Command-basis gross national
product:
Quantity index, fixed 1987 weights ...
Disposable personal income:
Current dollars
1987 dollars
10.5
5.8
4.5
10.0
5.2
4.8
I
IV
III
18.7
4.3
2.6
16.6
1.5
2.3
3.2
2.3
Seasonally adjusted at annual rates
1992
.3
1990
II
17.9
9.7
7.3
5.3
8.0
3.3
5.5
1.5
2.2
7.5
4.3
2.9
3.3
2.2
5.3
3.9
2.7
3.4
1.2
.6
.9
1.4
5.1
-.2
1.4
3.9
3.1
2.3
2.5
.9
.8
4.0
1.4
5.7
3.1
4.7
2.4
2.2
8.0
2.6
4.6
1.3
-.8
1.3
-.5
0
4.7
-.1
2.9
4.5
4.9
.4
4.0
1.9
-1.8
3.6
2.9
2.4
3.6
3.1
2.2
4.2
4.8
2.0
5.6
6.4
5.4
1.7
2.4
-.4
3.0
3.4
4.3
4.6
3.8
2.5
2.9
2.5
3.1
3.2
2.5
5.4
2.2
3.7
3.2
1.4
7.4
4.7
4.4
1.3
.7
-.9
4.7
1.7
3.3
3.8
2.6
2.8
2.5
3.1
3.2
2.5
2.7
4.3
3.7
2.7
6.8
3.4
5.8
.8
1.0
.4
3.6
.7
4.1
3.5
3.0
2.4
3.6
2.9
2.2
1.7
1.3
.3
4.3
.3
4.8
5.3
1.9
3.7
.7
5.5
2.2
7.3
4.0
4.8
1.2
1.7
.4
.8
4.6
5.2
.9
4.5
.7
6.8
1.5
-1.4
-1.2
4.0
-1.0
4.1
-.2
NOTE.—Except for disposable personal income, the quantity and price indexes in this table are calculated from
weighted averages of the detailed output and prices used to prepare each aggregate and component. The fixed
weighted measures use as weights the composition of output in 1987. For the alternative indexes, the chain-type
indexes with annual weights use weights for the preceding and current years, and the indexes with benchmarkyears weights use weights of 1959, 1963, 1967, 1972, 1977, 1982, and 1987 and the most recent year.
II
III
Current dollars:
Gross domestic
product . .
Gross national
product
Personal income .
Disposable
personal
income
Personal
consumption
expenditures ...
Durable goods
Nondurable
goods
Services
Constant (1987)
dollars:
Gross domestic
product
Gross national
product
Disposable
personal
income
Personal
consumption
expenditures ...
Durable goods
Nondurable
goods
Services
Population (midperiod,
thousands)
1992
1991
1991
III
IV
I
II
III
22,092
22,466
22,422
22,577
22,671
22,958
23,141
23,389
22175
18,660
22,535
19,106
22,488
19,050
22,629
19,151
22,713
19,337
23,035
19,578
23,169
19,717
23,430
19,783
16,174
16,658
16,604
16,706
16,885
17,143
17,297
17,323
14,996
15,384
1,857
1,765
15,345
1,749
15,468
1,790
15,537
1,775
15,814
1,845
15,907
1,845
16,061
1,887
4,899
8,240
4,952
8,666
4,971
8,625
4,961
8,717
4,931
8,831
5,008
8,960
5,009
9,053
5,055
9,118
19,513
19,077
19,090
19,094
19,066
19,159
19,182
19,311
19,587
19,138
19,149
19,141
19,104
19,225
19,208
19,348
14,068
13,886
13,891
13,876
13,913
14,017
14,021
13,993
13,044
12,824
1,757
1,641
12,838
1,630
12,848
1,658
12,803
1,639
12,930
1,700
12,893
1,686
12,973
1,720
4,227
7,059
4,125
7,058
4,147
7,061
4,129
7,062
4,081
7,082
4,126
7,104
4,099
7,108
4,113
7,140
249,961 252,711 252,329 253,053 253,776 254,388 255,054 255,785
28 • November 1992
SURVEY OF CURRENT BUSINESS
Table 8.3.—Auto Output
Table 8.4.—Auto Output in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1990
Auto output
Final sales
Personal consumption expenditures ..
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
Net exports
Exports
Imports
Government purchases
Change in business inventories of
new and used autos
New
Used
Addenda:
Domestic output of new autos ]
Sales of imported new autos2
1991
1990
1992
1991
II
III
IV
I
II
III
118.8
125.0
122.3
125.1
135.0
136.9
129.7
119.7
132.9
130.4
119.7 119.8 120.9 120.8 129.9 130.3 130.3
115.3 112.0 117.7 117.5 124.4 122.0 122.1
96.7
33.7
35.5
55.1
79.5
35.8
36.6
59.8
78.5
33.5
36.8
60.2
78.7
39.0
38.8
65.0
82.7
34.8
35.7
58.1
87.6
36.7
36.0
57.6
83.1
38.9
38.7
65.2
82.5
39.5
36.5
62.2
-19.6
-35.4
-23.3
-33.9
-23.3
-30.6
-26.3
-37.1
-22.4
-33.8
-21.6
-32.0
-26.5
-32.0
-25.7
-29.9
10.5
45.9
11.7
45.6
10.9
41.6
13.3
50.4
11.7
45.5
12.4
44.4
13.4
45.4
16.5
46.4
2.4
-3.2
-2.3
-.9
99.5
61.3
1.7
0
-.3
.4
94.7
56.2
1.7
1.6
1.3
1.0
4.1
3.9
.2
1.5
.7
.8
-3.1
2.1
90.4
58.4
99.4
60.7
98.0
54.5
1.5
-4.8
-3.1
-1.7
98.5
56.8
1.7
1.6
4.7
2.9
1.8
6.6
6.1
.5
104.8
107.0
61.1
58.2
Auto output
Final sales
Personal consumption expenditures ..
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
Net exports
Exports
Imports
Government purchases
Change in business inventories of
new and used autos
New
....
Used
Addenda:
Domestic output of new autos l
Sales of imported new autos2
1991
1992
1991
II
III
110.7
IV
I
II
III
112.2
109.4
111.2
121.4
120.4
125.8 109.2 109.1 108.8
125.0 107.6 104.7 108.9
109.1
108.3
117.7 115.6
115.0 110.8
113.6
109.0
71.6
37.3
34.2
59.1
75.0
33.3
31.4
52.7
79.2
35.8
31.2
52.0
74.3
36.6
33.5
58.3
73.2
35.8
32.0
55.2
-21.3
-31.7
-20.8
-29.7
-24.8
-30.2
-23.2
-28.8
10.6
42.3
11.2
40.8
11.9
42.1
14.6
43.4
121.7
91.6
33.4
33.3
52.1
109.3
72.6
35.0
32.4
71.8
32.9
32.5
55.0
,54.7
-18.9 -22.3 -22.5 -25.0
-34.6 -32.2 -29.6 -35.6
9.9 10.6
9.9 12.0
44.5
2.2
-4.1
-3.3
-.8
93.3
58.1
42.8
39.5
47.6
1.5
1.4
1.3
1.2
.1
1.6
-.7
2.2
3.4
2.9
.5
.3
-.7
1.1
!e
86.4
51.4
84.2
53.4
89.9
55.2
88.0
49.4
1.3
-6.6
-4.9
-1.7
87.1
51.3
1.4
1.3
5.8
4.1
1.7
6.8
6.3
.5
94.8
54.6
95.7
51.7
1. Consists of final sales and change in business inventories of new autos assembled in the United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and government purchases.
1. Consists of final sales and change in business inventories of new autos assembled in the United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and government purchases.
Table 8.5.—Truck Output
Table 8.6.—Truck Output in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Truck output *
Final sales
Personal consumption expenditures ..
Producers' durable equipment
Net exports
Exports
Imports
Government purchases
Change in business inventories
1. Includes new trucks only.
72.4
735
67.9
69.1
71.6
72.9
694
699
703
71 1
39.4
33.1
36.2
30.9
34.8
29.6
38.1
30.9
-54
42
9.6
63
-38
54
9.2
60
-1.0
-1.5
78.0
81.7
81.6
38.6
33.8
71.1
37.9
34.0
844
43.2
37.1
82.7
44.2
37.6
-21 -42
54
62
8.3
9.6
55
75
-54
53
-65
46
-43
62
-51
53
10.7
11.1
10.5
10.4
41
56
84
1.3
1.8
6.9
-.7
-2.7
59
-1.1
Truck output l
Final sales
Personal consumption expenditures ..
Producers' durable equipment
Net exports
Exports
Imports
Government purchases
Change in business inventories
1. Includes new trucks only.
67.0
68.0
36.4
60.4
62.0
63.4
64.1
68.1
70.2
69.5
61.7
32.0
62.6
30.9
62.3
33.5
62.5
33.8
62.0
33.0
72.4
37.0
70.4
37.7
268
-1 9
306
277
-50
39
8.9
5.8
-33
48
8.2
5.4
-1.0
-1.3
276
298
297
31 9
320
56
7.5
6.8
-37
49
8.5
4.9
-48
47
9.4
3.6
57
40
9.7
4.9
-37
5.3
9.0
7.2
-43
4.6
8.9
51
-.6
1.2
1.7
6.1
-2.3
-.9
SURVEY OF CURRENT BUSINESS
November 1992 •
NIPA Charts
Dec.
1964
65
66
67
68
Nov.
70 71 72
73
74 75
76 77
78 79
80 81
82 83
85
86 87
88
90
91 1992
29
SURVEY OF CURRENT BUSINESS
30 • November 1992
Percent Change
10
Percent Change
10
REAL GROSS DOMESTIC PRODUCT1
GROSS DOMESTIC PURCHASES PRICE INDEX
(FIXED WEIGHTS)1
-10
19S9
1990
Percent Change
10
1991
1992
1989
1980
1991
1992
Billion $
500
c OR POP ATE PROFITS WITH l\fAAND CCAdj<
1
REAL GROSS DOMESTIC PURCHASES
400 -
•fl
..--I.
il III
300 -
-
200 -
-10
1990
1991
I
|
100
1989
1992
1990
1991
1992
1991
1992
Percent Change
10
REAL DISPOSABLE PERSONAL INCOME1
I .11. •.i I
1
I
-10
1989
1990
1991
1992
1. Percent change a! annual rate from preceding quarter; based on seasonally adjusted estimates.
£ Seasonally adjusted annual rate IVA is inventory valuation adjustment, ana CCAdj Is capital consumption adjustment.
a Personal saving $s percentage of disposable personal Income; based on seasonally adjusted estimates.
U.S. Department of Commerce, Bureau of Economic Analysis
1989
1990
'
November 1992 •
SURVEY OF CURRENT BUSINESS
Reconciliation and Other Special Tables
Table 1.—Reconciliation of Changes in BEA-Derived Compensation Per Hour with BLS Average Hourly Earnings
[Percent change from preceding period]
Seasonally adjusted at annual
rates
1989
BEA-derived compensation per hour of all persons in the nonfarm business sector (less housing) ..
Less' Contribution of supplements to wages and salaries per hour
1990
1992
IV
I
II
III'
5.4
5.1
3.1
3.8
2.5
3.6
.2
.1
.4
.3
.5
.3
-.1
.2
-.2
0
Less: Contribution of wages and salaries per hour of persons in government enterprises, unpaid family
workers, and self-employed
0
Equals: BEA-derived wages and salaries per hour of all employees in the private nonfarm sector ....
Less: Other differences ]
1991
2.6
Plus: Contribution of wages and salaries per hour of persons in housing and in nonprofit institutions
Less: Contribution of wages and salaries per hour of nonproduction workers in manufacturing
1991
0
0
-.1
0
.1
.1
3
2
-.2
.3
2.4
5.2
4.6
3.1
3.5
2.5
3.2
.5
-.1
-.1
-.2
-.4
0
0
1.8
1.8
1.1
.8
.7
.5
-1.9
Equals: BLS average hourly earnings of production or nonsupervisory workers on private nonfarm
payrolls
3.9
3.5
2.9
2.2
3.1
1.8
2.7
Addendum:
BLS estimates of compensation per hour in the nonfarm business sector2
3.2
5.4
5.1
3.1
3.8
2.4
3.7
f Preliminary.
1. Includes BEA use of non-BLS data and differences in detailed weighting. Annual estimates
also include differences in BEA and BLS benchmarking procedures; quarterly estimates also inelude differences in seasonal adjustment procedures.
2. These estimates differ from the BEA-derived estimates (first line) because the BLS estimates
include compensation and hours of tenant-occupied housing. The large difference in 1989 primarily
reflects a BLS adjustment to make the 1988 compensation data, which cover 53 Fridays (the
most frequent pay day), consistent with the hours data, which are based on a constant 52-week
year.
NOTE.-The table incorporates revised BLS estimates released in November 1992.
me Rljreau nf Lahnr ctati«;tir<;
owu&uw,
SURVEY OF CURRENT BUSINESS
November 1992
Reconciliation of the U.S.-Canadian
Current Account
By Anthony J. DiLullo and Lucie Laliberte
Lucie Laliberte is
the director of
Statistics Canada's
Balance of
Payments Division.
Anthony DiLullo is
the assistant chief
of BEA'S Balance of
Payments Division.
A similar version
of this article will
appear in the
December 1992
Canadian Economic
Observer.
* HIS ARTICLE presents a detailed description
JL of the reconciliation of the bilatera^ cur rentaccount estimates of Canada and the United
States for 1990 and 1991. Such reconciliations
have been undertaken by Statistics Canada and
the Bureau of Economic Analysis (BEA) each year
since 1970.* They were initiated because of the
extensive economic links between the two countries and the need to explain differences in the
Canadian and U.S. published estimates of the bilateral current account. In principle, the bilateral
current account of one country should mirror the
bilateral current account of the other country.
The reconciliation process has resulted in
greater accuracy of the published estimates of
transactions between Canada and the United
States and in increased efficiency in producing
i. Summary results of the current-account reconciliations were published
in the United States in the following issues of the SURVEY OF CURRENT BUSINESS: June 1975, September 1976 and 1977, December 1979, June 1981, and
December 1981 through 1991. In Canada, the results were published in the
following issues of Canada's Balance of International Payments (catalogue 67001), a publication of Statistics Canada: Fourth Quarter 1973, Second Quarter
1976 and 1977, Third Quarter 1978 and 1979, First Quarter 1981, and Third
Quarter 1981 through 1991.
the estimates. These improvements have been
accomplished through the exchange of data between the two countries and the development of
improved estimating techniques.
Over 80 percent of the data used by Canada
and the United States to compile CanadianU.S. current-account estimates is now provided
through the exchange of data such as the following: U.S. and Canadian merchandise imports
(beginning January 1990); services such as travel,
passenger fares, inland freight, and government
expenditures; unilateral transfers such as pensions; and certain Canadian and U.S. banking
data used to estimate interest income. The exchange of data was undertaken in some instances
because either the Canadian or the U.S. data were
substantially more comprehensive and complete;
an example is the exchange of each country's
merchandise import data, which were found to
be more complete than the other country's export data. In other instances, the exchange of
CHART 1
Table 1.—Major U.S.-Canadian Balances
[Billions of U.S. dollars]
Published
estimates
Reconciled
estimates ]
United
United
Canada
Canada
States
States
1990
Merchandise trade
Services
Investment income
-10.2
8.2
7.9
Goods, services, and income
5.9
Unilateral transfers net
-.3
Current account
5.6
14.4
-8.0
-9.9
-3.5
1.2
-2.3
-13.2
7.5
9.0
3.3
-.2
3.1
13.2
-7.2
-9.0
-3.0
.2
-2.7
1991
Merchandise trade
Services
Investment income
Goods, services, and income
Unilateral transfers, net
Current account
-8.0
9.6
8.4
10.0
-.3
9.7
12.1
-9.2
-8.0
-5.1
.9
-4.2
-11.9
8.6
7.2
3.9
11.9
-8.7
-7.1
-3.9
-.3
.3
3.6
3.6
NOTE.—A U.S. surplus (+) is a Canadian deficit (-), and a Canadian surplus (+) is a U.S.
deficit (-).
Details may not add to totals because of rounding.
1. Some differences remain in the reconciled estimates because some service and income
estimates could not be fully reconciled.
U^/D^^«^O«i^^ Su^^^^^l^'JV;
SURVEY OF CURRENT BUSINESS
data was aimed at eliminating duplication of effort, such as the use of the same source data
to develop estimates of bilateral travel and passenger fare transactions. The elimination of the
processing of export declarations resulted in reductions in some government processing costs,
and the elimination of duplicate surveys of U.S.
and Canadian travelers resulted in reductions in
respondent burden.
The reconciliation process has also resulted in
improvements of estimates that are not based on
the exchange of data. For example, U.S. compilers revised the methodology for developing
some U.S. estimates of portfolio income receipts
from Canada, and Canadian and U.S. compilers
each effected improvements in Canadian and U.S.
source data for a number of service transactions.2
Revisions based on the reconciliations are incorporated into the Canadian and U.S. estimates
as far as possible. Complete exchange of data or
substitution of reconciled estimates for published
estimates is not feasible because of definitional
and methodological differences and because estimates of transactions with third countries would
be affected in some cases. In addition, for some
estimates, protecting the confidentiality of source
data bars the exchange of data.
This article has two purposes. The first is
to present a detailed analysis of the differences
2. Details of recent or planned major improvements to the U.S. international accounts were published in the June 1992 issue of the SURVEY
OF CURRENT BUSINESS, and to the Canadian international accounts, in the
Fourth Quarter 1991 issue of Canada's Balance of International Payments
(catalogue 67-001).
November 1992 • 33
in published estimates and an explanation of
the reconciliation adjustments. The reconciliation process has now evolved to the point
where the causes of most differences in published estimates are understood in detail, and a
process for reconciling the differences has been
developed and tested. In the last few years,
considerable progress has been achieved in developing the process, partly resulting from the
increased importance given to the reconciliation
process by Canadian and U.S. statistical agencies.
The second purpose is to present the CanadianU.S. current-account reconciliation process as a
guide for balance of payments compilers in their
bilateral reconciliation efforts and to provide detailed information to users of Canadian and U.S.
balance of payments statistics.
Major Types of Reconciliation Adjustments
Reconciliation adjustments to each country's
published estimates fall into three broad
categories—definitional, methodological, and
statistical—which reflect the differences that
occur in the published estimates.
Definitional and methodological adjustments
Definitional and methodological adjustments are
required because of differences in definitions and
methodologies used to compile the international
accounts in Canada and the United States. These
differences may reflect each country's requirements to integrate the external accounts with
Acknowledgments
The Reconciliation Process
The reconciliations were carried out under the direction of Lucie Laliberte, director of Statistics Canada's
Balance of Payments Division, and Anthony DiLullo,
assistant chief of BEA'S Balance of Payments Division.
In Statistics Canada, Hugh Henderson, Diane Thibault,
Emmanuel Manolikakis, Rick Murat, Bruce Nichols,
and Linda Saikaley participated in the reconciliation
of the Canadian accounts. Diane Thibault also was
responsible for the production and coordination of reconciliation tables. At BEA, Russell Scholl, assisted by
Jane Newstedt, was responsible for reconciling the U.S.
portfolio income accounts; Mark New, for the accounts
related to U.S. direct investment in Canada; and Gregory Fouch, for the accounts related to Canadian direct
investment in the United States. The reconciliations
were originally under the direction of Evelyn Parrish
Lederer, formerly of BEA, and Keith McAlister, formerly of Statistics Canada. Significant contributions to
improvements in reconciling investment income were
made by John Motala, formerly of Statistics Canada.
The reconciliation consists of two phases. One is the reconciliation of
the merchandise trade account, and the other is the reconciliation of service
transactions, investment income, and unilateral transfers.
The task of reconciling the merchandise trade account now consists mainly
of reconciling the Canadian and U.S. adjustments made to customs data—
the source data of the merchandise trade account—for balance of payments
purposes. Until 1990, reconciliation of the customs data was undertaken by
the International Trade Division of Statistics Canada and the Foreign Trade
Division of the U.S. Bureau of the Census. Cooperation between the two
Divisions culminated in the formal exchange of data between Canada and the
United States in January 1990, whereby each country uses the other country's
import data to compile its merchandise exports.
Reconciliation of service transactions, investment income, and unilateral
transfers is less straightforward than reconciliation of merchandise trade. Because of the variety and complexity of the transactions and the differences
that can be expected when two independent statistical agencies measure the
changing external transactions of their own countries, the reconciliation for
nonmerchandise transactions is more of a process than an end. The reconciliation is an important means of explaining definitional, methodological, and
statistical differences and of directing research efforts.
SURVEY OF CURRENT BUSINESS
34 • November 1992
domestic accounts. In other instances, there are
differences in conventions used by Canadian and
U.S. compilers that are largely due to institutional
factors. Choice of one definition or methodology over another in developing reconciliation
adjustments does not indicate agreement on what
the correct definition should be nor on the most
appropriate methodology. Often, the choice is
based on practical considerations, such as the
availability of data.
of-origin basis. To achieve reconciliation, a
common definition is selected.
Among methodological differences, one country may classify a group of transactions in an
account different from that of the other country,
or it may record certain transactions on a gross
basis rather than a net basis. To achieve reconciliation, transactions are reclassified to a common
account and are adjusted to a gross or net basis,
as required.
Among definitional differences, the United
States includes reinvested earnings as a component of direct investment income, whereas
Canada does not; Canada records merchandise
imports on a country-of-shipment basis, whereas
the United States records them on a country-
Statistical adjustments
Statistical adjustments mainly reflect differences
in data sources and estimation techniques. In addition, differences in private accounting practices
Table 2.—Summary of Reconciliation Adjustments, Northbound
[Millions of U.S. dollars]
Definitional
United
States
Statistical
Methodological
Reclassification
Canada
United
States
Canada
Gross or net
United
States
Canada
-282
-670
United
States
Total
Canada
United
States
Canada
1990
Merchandise trade
658
Services
-340
-3,537
-485
3,537
-1,072
...
-26
Passenger fares
Transportation
Inland freight
Other
3,687
3687
472
472
Other services
Affiliated
Unaffiliated
Government
-485
-301
-184
.
-340
2,183
-1,186
102
-26
-85
Investment income ....
Direct
Other
-2,879
102
Transfers under U S military agency sales contracts
Travel
-31
.
-4
-4
Unilateral transfers
-65
7
-1 453
-21
-65
-472
-282
-677
-150
-472
-282
-677
-580
116
-116
-580
654
-1,577
-35
-693
-3,859
-484
3,859
-555
513
452
18
43
613
-80
693
2,281
41
2,240
-57
1,267
307
-172
Total adjustments
1,474
-150
-580
-333
-247
-85
7
-68
-233
147
16
2,213
2,234
-21
414
81
452
-1,702
-414
43
414
-534
-1,186
16
-383
1,697
37
1,660
365
172
-329
1,366
1,963
-298
85
58
-265
212
-53
1991
Merchandise trade
.
. . ..
Services
-3,894
-232
-702
-1,329
Transfers under U.S military agency sales contracts
Passenger fares
129
-82
-82
4,038
4,038
8
479
8
479
Other services
Affiliated
Unaffiliated
Government
-484
-301
-183
-179
-479
-232
-710
-179
-479
-232
-710
-1,800
-1,799
-1
-81
581
459
121
-117
239
-102
-102
-163
5
-158
Unilateral transfers
-188
-137
-1,528
-353
114
114
-353
565
-85
650
-81
-225
331
15
-510
-223
-287
66
320
-265
2,020
164
1,856
-137
757
-1,017
-28
-28
Transportation
Inland freight
Other
Total adjustments
2,298
129
Travel
Investment income . .
Direct
Other
169
-693
-341
2,238
2,239
-1
406
170
459
-1,552
-528
239
406
-526
-1,041
15
1,565
62
1,503
-108
-199
386
-188
355
-2,006
91
SURVEY OF CURRENT BUSINESS
.in Canada and the United States affect the type
of data available from statistical surveys.
There are four broad types of statistical adjustments. First, some adjustments are based
on knowledge about the quality and coverage of
source data. When one country's source data are
believed to be of better quality than the other
country's source data, the better source data are
used to develop the reconciled estimates. Second, some adjustments are made because the
detailed data needed to make two estimates comparable may be available from one country but
not the other. Third, adjustments are made
to anticipate revisions in source data that become available after publication of the estimates.
Fourth, many adjustments are based essentially
November 1992 • 35
on pragmatic factors. When no means of clearly
establishing the merits of one country's data are
available, reconciled values reflect compromises
by the compilers, particularly when the compromise is within a reasonable range of error in
measurement. For all types of statistical adjustments, the reconciled values represent the best
possible compromise.
Reconciliation of Major Accounts
This section presents a discussion of the reconciliation adjii&tments made to the major accounts:
Merchandise trade, services, investment income,
and unilateral transfers. Although numerous
adjustments are made, only those that involve
Table 3.—Summary of Reconciliation Adjustments, Southbound
[Millions of U.S. dollars]
Definitional
Canada
United
States
Statistical
Methodological
Reclassification
Canada
United
States
Total
Gross or net
Canada
United
States
-669
-282
Canada
United
States
Canada
United
States
1990
-1,083
Merchandise trade
1,910
-388
Services
-535
535
119
-1,827
1,827
Direct defense expenditures
126
-1,499
1,343
83
2,888
286
286
Travel
-396
-19
-19
Passenger fares
Transportation
Inland freight
Other
-68
966
215
751
-68
Other services
Affiliated
Unaffiliated
Government
-320
-41
-77
36
7
1,933
1,933
7
-431
-106
-676
-282
-431
-106
-676
-282
-4
-316
Investment income
Direct
Other
-295
-157
-138
Unilateral transfers
-1,185
Total adjustments
-2,951
1,127
1,127
613
-80
693
-580
-580
306
-56
3,037
-556
-119
-63
-31
-25
312
-3
315
811
535
276
864
138
726
2,744
2,468
276
551
-6
501
56
1 546
-67
-1,454
-25
163
-6
113
56
94
363
630
-240
641
1,490
-269
82
639
1,437
870
-849
-1,103
306
2,368
3,918
1991
Merchandise trade
-556
Services
-398
2,170
-662
662
2,149
2,149
324
-703
-232
Direct defense expenditures
-34
1,449
-894
21
-473
3,366
246
246
-10
-10
Travel
Passenger fares
Transportation
Inland freight
Other
Other services
Affiliated
Unaffiliated
Government
-70
-328
-297
-154
-143
Unilateral transfers
-894
8
2,149
2,149
-101
-151
8
50
-451
-711
-232
-451
-711
-232
7
-5
-352
560
290
270
-4
-324
Investment income
Direct
Other
Total adjustments
1,113
362
751
-70
-2,145
2,256
2,256
565
-85
650
-352
321
4,426
-138
-263
-179
-181
949
662
287
950
211
739
3,098
2,811
287
510
-5
455
60
-1,669
-1,479
-5
278
-5
223
60
828
51
777
2,721
3,426
705
817
1,170
-353
85
935
-185
-809
2,266
-1,348
321
6,429
SURVEY OF CURRENT BUSINESS
36 • November 1992
important definitional or methodological differences or that are large in size are discussed
in detail.
Definitional adjustments, such as
the exclusion of reinvested earnings and the
reallocation of merchandise imports to the country of shipment, affect the reconciled currentaccount balance, as do the statistical adjustments.
Methodological adjustments, such as reclassification and grossing or netting, are necessary to
achieve common treatment, but because they are
offsetting, they do not affect the current-account
balance.
In this discussion, the term "northbound"
refers to U.S. receipts, or Canadian payments.
"Southbound" refers to Canadian receipts, or
U.S. payments. All values are expressed in U.S.
dollars.
For 1990, the difference between the latest
U.S. and Canadian published estimates of the
U.S.-Canadian current-account balance was $3.3
billion (table i). After reconciliation, the difference was reduced to $0.4 billion. The U.S.
reconciled balance was a surplus of $3.1 billion, and the Canadian reconciled balance was
a deficit of $2.7 billion (chart i). For 1991,
the difference of $5.5 billion in the published
estimates was virtually eliminated; the reconciled balance was a U.S. surplus, or Canadian
deficit, of $3.6 billion. The large differences
between the published and reconciled balances
mostly reflect definitional adjustments made to
merchandise trade, transportation, and investment income (tables 2 and 3). Adjustments
to southbound estimates are larger than ad-
Table 4.—U.S.-Canadian Currrent-Account Reconciliation, Northbound
[Millions of U.S. dollars]
U.S. receipts
Canadian
payments
Adjustments to
published estimates
Reconciled estimates
Published estimates
Difference
U.S. receipts
Canadian
payments
Remaining
difference
United
States
Canada
1990
110,820
113,255
2435
111,821
111,464
Merchandise trade
82,866
80,327
2,539
79,987
79,987
Services
Transfers under U.S. military agency sales contracts
Travel
Passenger fares
Inland freight
Other transportation
Royalties and license fees
Other services
16,222
102
7,093
979
(2)
1,079
1,179
5,790
19,328
(')
7,067
894
2,234
651
1,093
7,389
-3,106
102
26
85
-2,234
428
86
-1,599
18,405
102
7,067
894
2,234
1,058
(3)
7,050
18,142
102
7,067
894
2,234
1,065
(3)
6,780
263
Investment income
Direct investment
Other private assets/liabilities
U S Government assets
11,732
4,665
7,042
25
13,600
4,820
8,780
(4)
-1,868
13,429
4,702
8,727
(4)
13,335
4,608
8,727
(4)
94
94
365
365
110,820
113,792
-2,972
112,186
111,829
357
-1,654
.113,486
113,353
133
81,112
195
-62
-62
Northbound Qoods services and income .
.
Unilateral transfers, net
Unilateral transfers, gross
537
Current account, northbound
-155
-1,738
25
-537
357
-7
270
1,001
-1,791
-2,879
-340
2,183
-1,186
102
-26
-85
2,234
-21
-1,179
1,260
1,697
37
1,685
-25
365
414
-1,093
-609
-265
-212
-53
-172
1,366
-1,963
-31
-1,818
1991
Northbound goods services and income
113,517
115,171
Merchandise trade
85,006
81,805
3,201
81,112
Services
Transfers under U.S. military agency sales contracts
Travel
Passenger fares
Inland freight
Other transportation
Royalties and license fees
Other services
.
17,982
129
8,499
1,040
(2)
1,094
1,215
6,005
21,102
(')
8,471
958
2,239
686
1,357
7,391
-3,120
129
28
82
-2,239
408
20,280
129
8,471
958
2,239
1,093
1 386
7,390
20,085
129
8,471
958
2,239
1,092
(3)
7,196
Investment income
Direct investment
Other private assets/liabilities
U S Government assets
10,529
3,075
7,433
21
12,264
3,398
8,866
(4)
-1,735
12,094
3,137
8,957
(4)
12,156
3,199
8,957
(4)
113,517
115,745
Unilateral transfers net
Unilateral transfers, gross
Current account, northbound
574
1. In the Canadian published accounts, transactions of U.S. military agencies are not shown
separately.
2. In the U.S. published accounts, inland freight is included in the merchandise trade account.
-142
-323
-1,433
21
-574
-2,228
386
386
113,872
113,739
-3,894
1
194
133
2,298
-28
-82
2,239
-1
-1,215
1,385
1,565
62
1,524
-21
-693
-1,017
129
406
-1,357
-195
-108
-199
91
386
-188
355
-2,006
3. Royalties and license fees are included in other services for reconciliation.
4. Income on U.S. Government assets is included in income on other private assets in the
Canadian published accounts. The same treatment is used for reconciliation.
November 1992 • 37
SURVEY OF CURRENT BUSINESS
justments to northbound estimates (tables 4
and 5).
Ej;rst, Canadian reexports are added to U.S.
estimates of merchandise imports. In the U.S.
published estimates, which are on a country-oforigin basis, these imports (Canadian reexports)
are attributed to third countries rather than to
Canada. A similar adjustment to Canadian imports is not required, because the Canadian
published estimates, on a balance of payments
basis, are allocated to the country of shipment
and thus already include U.S. reexports.
Second, inland freight (freight charges on shipments of exports and imports from the plant to
the border] is reclassified in the U.S. accounts
from merchandise exports and imports to transportation; this aligns the U.S. treatment with the
Canadian treatment.4
Merchandise trade
Most of the differences between published U.S.
and Canadian estimates of merchandise trade on
a balance of payments basis stem from different
treatment of the source data.3 For reconciliation, the main task is resolving those differences
in treatment (tables 6 and 7). Four major
adjustments are required.
3. Beginning in 1990, the source data are the same for both countries,
except for the source data used by Statistics Canada for petroleum exports.
The data, except as noted, are compiled from U.S. and Canadian customs
documents filed by U.S. and Canadian importers. U.S. merchandise imports
are compiled from U.S. customs documents, and U.S. exports (Canadian imports) are compiled from data provided from Canadian customs documents.
Similarly, Canadian merchandise imports are compiled from Canadian import documents, and Canadian exports (U.S. imports) are compiled from
data provided by the Bureau of the Census from U.S. customs documents.
4. In the U.S. published estimates, inland freight is included in merchandise trade because BEA follows the convention of including the charges for
transporting goods to the port of export as part of the value of merchandise
Table 5.—U.S.-Canadian Current-Account Reconciliation, Southbound
[Millions of U.S. dollars]
Canadian
receipts
U.S.
payments
Adjustments to
published estimates
Reconciled estimates
Published estimates
Difference
Canadian
receipts
U.S.
payments
Remaining
difference
Canada
United
States
1990
Southbound goods, services, and income
109,751
104,910
4,841
108,486
108,522
Merchandise trade
94,681
93,099
1,582
93,182
93,182
Services
Direct defense expenditures
Travel
Passenger fares
Inland freight
Other transportation
Royalties and license fees
Other services
11,352
8,003
3,349
10,956
10,891
(')
286
3,541
255
(2)
835
67
3,019
-286
3,522
255
2,330
361
58
4,826
Investment income
Direct investment . . .
Other private assets/liabilities
U S Government liabilities
3,718
1,177
1,510
1,031
Unilateral transfers net
Unilateral transfers, gross
286
3,522
255
2,468
1,087
(3)
3,338
255
2,468
1,111
(3)
3,249
4,348
4,449
937
2,211
1,200
1,095
2,154
1,200
1,703
600
600
2,330
-474
-9
1,807
2,755
-90
1,572
-1,245
1,448
-417
3,808
-395
294
1,703
Current account, southbound
286
3,522
-19
-36
65
-1,265
3,612
-1,499
83
-396
286
2,888
-19
-24
89
-101
-158
57
138
726
-58
-1,488
2,468
276
-67
230
630
-240
701
169
641
1,490
-601
248
-1,103
-294
600
-294
111,454
105,204
6,250
109,086
109,122
-36
-2,368
3,918
-72
-539
6,108
-894
21
-473
246
3,366
1991
Southbound goods services and income
. . ..
110,079
103,504
6,575
109,540
109,612
Merchandise trade
93,923
93,008
915
93,029
93,029
Services
Direct defense expenditures
Travel
Passenger fares
Inland freight
Other transportation
Royalties and license fees
Other services
11,879
8,339
3,540
11,406
11,705
Investment income
Direct investment
Other private assets/liabilities
U S Government liabilities
Unilateral transfers net
Unilateral transfers gross
Current account, southbound
0)
246
3,695
3,705
249
2,600
358
2
4,975
249
(2)
837
93
3,209
4,277
2,157
-1,841
2,806
1,192
1,667
1,707
903
318
1,448
111,527
103,822
1. In the Canadian published accounts, transactions of U.S. military agencies are not shown
separately.
2. In the U.S. published accounts, inland freight is included in the merchandise trade account.
3. Royalties and license fees are included in other services for reconciliation.
246
246
3,695
3,695
249
2,811
1,097
(3)
3,308
249
2,811
1,124
(3)
3,580
5,105
1,718
2,387
1,000
4,878
1,448
639
639
7,705
110,179
110,251
-246
-10
2,600
-479
-91
1,766
2,120
3,508
-1,099
-289
1,585
2,293
1,000
-299
-10
-27
-272
227
133
94
211
739
-2
-1,667
2,811
287
-93
371
828
51
680
97
2,721
3,426
-513
-192
-809
-318
639
-1,348
6,429
-318
-72
SURVEY OF CURRENT BUSINESS
• November 1992
Third, the repair of equipment reported in s the
merchandise trade source data is reclassified from
services to merchandise trade in the U.S. accounts
to align with the Canadian treatment. In the
U.S. published estimates, all equipment repairs
are included in services.
Fourth, several other balance of payments adjustments are made to the estimates. In the
Canadian accounts, the main ones reflect the exclusion, for reconciliation purposes, of valuation
differences from Canadian estimates of exports of
petroleum and natural gas to the United States
and the reclassification of freight on exports of
natural gas to transportation. Minor adjustments
include the elimination of progress payments for
certain military equipment from Canadian imports and the reclassification of processing fees
from services to merchandise exports. In the
U.S. accounts, most of the other balance of payments adjustments are for timing and valuation
differences.
Services
Travel and passenger fares.—Canadian and U.S.
published estimates of northbound and southbound travel and passenger fares are based on the
same source data and common definitions. Thus,
there is no need to reconcile the estimates except
to account for timing differences that occur in
the publication of revised estimates by Statistics
Canada and BEA.
Transportation.—The main differences between
Canadian and U.S. published estimates of north-
bound and southbound transportation transactions are the classification of inland freight
and of certain services procured by airlines and
railroads.5
Canadian published estimates of
transportation transactions include inland freight
and exclude Cervices procured in port by airlines
and railroads. U.S. published estimates reflect
the opposite treatment: Inland freight is excluded
from transportation, and port services of airlines
and railroads are included. For reconciliation, inland freight is reclassified from merchandise trade
to transportation in the U.S. accounts, and port
services of airlines and railroads are reclassified
from business services to transportation in the
Canadian accounts (tables 8 and 9). Two remaining classification adjustments—both to the
Canadian published accounts—include the reclassification of inland waterways tolls from the
Canadian northbound transportation account to
the Canadian government services account and
the reclassification of estimates of aircraft leasing (northbound and southbound) from business
services to transportation.
The single definitional adjustment is the deletion of Canadian estimates of freight receipts
5. Beginning with 1990, the estimates of southbound inland freight have
been developed by the Bureau of the Census from data collected on U.S.
customs documents; these estimates are used by Statistics Canada and BEA.
Different estimates of northbound inland freight are used by Statistics
Canada and BEA. The estimates included in the Canadian published accounts
are produced by Statistics Canada's Balance of Payments Division from data
of the Transportation Division. The estimates included in the U.S. published
accounts, which are larger than those in the Canadian accounts, are developed from Canadian customs documents. For reconciliation, the Canadian
estimates are used because they are believed to be more accurate and to conform more closely to the estimates produced by BEA from Census Bureau
data until 1990.
trade regardless of the method of shipment. The Canadian Balance of Payments Division follows the practice of valuing merchandise trade at the plant
and including freight charges in transportation.
Table 7.—Merchandise Trade, Southbound
[Millions of U.S. dollars]
Canadian
receipts
Table 6.—Merchandise Trade, Northbound
[Millions of U.S. dollars]
U.S.
receipts
Canadian
payments
Balance of payments
basis, published.
Less inland freight
Plus repair of equipment
Less other balance of
payments adjustments.
Reconciled
3,687
150
-658
79,987
Type of adjustment
80,327
Reclassification
Reclassification
340 Definitional
Less inland freight
Plus repair of equipment
Less other balance of
payments adjustments.
Reconciled
Balance of payments
basis, published.
Plus Canadian reexports
Plus repair of equipment
Less inland freight
Less other balance of
payments adjustments.
Plus statistical
adjustments.
Reconciled
Balance of payments
basis, published.
85,006
4,038
179
35
81,112
81,805
Reclassification
Reclassification
693 Definitional
81,112
94,681
93,099
1 802 Definitional
106 Reclassification
1 933 Reclassification
1,618
-108
119
93,182
93,182
93,923
93,008
Definitional and
reclassification
Statistical
1991
79,987
1991
Balance of payments
basis, published.
Type of adjustment
1990
1990
82,866
U.S.
payments
Plus Canadian reexports
Plus repair of equipment
Less inland freight
Less other balance of
payments adjustments.
Plus statistical
adjustments.
Reconciled
1,965
1,218
2149
-205
324
93,029
93,029
Definitional
Reclassification
Reclassification
Definitional and
reclassification
Statistical
SURVEY OF CURRENT BUSINESS
November 1992 • 39
Table 8.—Transportation, Northbound
[Millions of U.S. dollars]
Published estimates
Reconciled estimates
Canadian
payments Difference
U.S.
receipts
U.S.
receipts
Adjustments to published estimates
RemainCanadian ing
differpayments
ence
United
States
Canada
Type of adjustment
1990
Total
Freiaht
Ocean
Air
Other
. .
.. .
Port services
Vessel operators
Airline operators
Other
Other
1,079
2,885
-1,807
3,292
3,299
-7
2,213
414
478
155
30
293
568
277
12
279
-90
510
199
15
296
2
18
14
512
199
20
293
34
44
-10
-58
-78
3
17
513
108
300
105
50
37
463
71
300
92
367
54
300
13
350
37
300
13
17
17
-26
-122
13
87
5
-3
300
-146
Statistical
-54
300 Reclassification and statistical
-92
Reclassification and statistical
92
172 Reclassification and statistical
2,234
Reclassification and statistical
33
54
179
205
2,234
2234
2,234
2,234
1,094
2,925
-1,830
3,332
3,331
1
2,238
406
Freight
Ocean
Air
Other
437
124
40
273
600
282
12
306
525
202
20
303
517
202
15
300
8
28
-33
88
78
-20
30
-83
-80
3
-6
Port services
Vessel operators
Airline operators
Other
568
115
317
136
52
38
516
77
317
122
388
57
317
14
369
38
317
14
19
19
-26
Inland freight
Statistical
Statistical
Statistical
1991
Total
Other
14
34
56
180
206
2,239
-2,239
2,239
2,239
90
Inland freight
-163
-158
5
3
Statistical
Statistical
Statistical
317
-180
Statistical
-58
317 Reclassification and statistical
Reclassification and statistical
-122
90
172 Reclassification and statistical
2,239
Reclassification and statistical
Table 9.—Transportation, Southbound
[Millions of U.S. dollars]
Difference Canadian
receipts
payments
3,555
3,579
572
123
32
417
572
123
32
417
-64
404
25
322
57
428
54
322
52
-2
111
2,330
2,121
Canadian
receipts
payments
2,691
835
1,856
234
123
14
97
336
215
32
89
-102
24
17
-370
7
394
109
214
71
103
105
U.S.
Adjustments to published estimates
Reconciled estimates
Published estimates
U.S.
Remaining difference
Canada
United
States
Type of adjustment
1990
Total
Freight
Ocean
Air
Other
Port services
Vessel operators
Airline operators
Other
Other
Inland freight
2,330
-24
864
2,744
338
236
-92
18
320
328
Statistical
Statistical
Statistical
380
8
322
50
34
-55
108
-19
Statistical
Reclassification and statistical
Reclassification and statistical
111
8
6
2,468
2,468
138
2,468
3,908
3,935
950
3,098
560
123
43
394
560
123
43
394
331
256
-40
-65
427
25
345
57
454
57
345
52
-5
110
2,600
2,811
-92
-18
8
-92
-214
-24
-29
5
Definitional, ^classification, and
statistical
Reclassification and statistical
1991
Total
Freight
Ocean
Air
Other
Port services
Vessel operators
Airline operators
Other
Other
Inland freight
2,958
837
229
123
12
94
304
163
43
98
23
16
7
422
113
237
72
106
111
2,600
-75
-40
-31
-4
-399
-97
-237
-27
31
300
296
Statistical
Statistical
Statistical
404
9
345
50
32
-56
108
-20
Statistical
Reclassification and statistical
Reclassification and statistical
110
4
-1
2,811
211
2,811
-27
-32
5
Definitional, reclassification, and
statistical
Reclassification and statistical
4O • November 1992
SURVEY OF CURRENT BUSINESS
(southbound) on U.S. exports in transit in
Canada. These receipts are reallocated to third
countries. In the U.S. treatment, such charges are
viewed as payable by the foreign importer (under
the balance of payments convention that goods
are the property of the importer after they leave
the customs frontier of the exporting country)
and thus are transactions between Canada and
third countries.
The largest statistical adjustment is the reduction of U.S. published estimates of northbound
inland freight. The estimates in the Canadian
published accounts are believed to be more accurate. In addition, estimates of pipeline freight
charges on U.S. imports of natural gas are added
to U.S. estimates of southbound inland freight
because of undercoverage in the U.S. source data.
Finally, U.S. published estimates of freight re-
Table 10.—Other Services, Northbound
[Millions of U.S. dollars]
U.S.
receipts
Adjustments to published estimates
Reconciled estimates
Published estimates
Canadian
payments Difference
U.S.
receipts
RemainCanadian ing
differpayments
ence
United
States
Type of adjustment
Canada
1990
Total
6,971
8,482
-1,511
7,050
6,780
270
81
3,408
4,694
1 286
3,860
4,160
-300
452
1,014
2,394
1,250
3,444
-236
-1,050
0)
(')
1
I)
(')
0)
(')
n
0
0
3,056
3,254
-198
2,640
2,070
570
-414
-1,186
114
238
-124
276
276
1,338
248
249
282
453
211
54
107
1,015
313
235
2
279
389
54
107
622
143
300
163
16
323
-65
14
280
174
-178
938
272
249
340
300
249
381
363
54
107
381
363
54
107
-622
-143
-300
-163
-16
65
442
49
485
16
^3
65
485
65
485
7,220
8,748
-1,528
7,390
7,196
194
170
3,401
4,686
-1,285
3,860
4,160
-300
459
1,050
2,351
1,249
3,437
-199
-1,086
0)
n
(')
(')
0)
(')
0)
n
I1)
H
3,376
3,391
-15
2,849
2,352
497
-528
-1,041
341
237
104
341
341
1,231
307
281
232
628
194
52
110
1,046
361
251
1
276
418
58
114
629
142
316
150
21
185
-54
30
231
352
-224
-6
-4
-629
-142
-316
-150
-21
856
330
281
337
352
281
519
-22
-375
23
478
391
58
114
478
391
58
114
-709
-9
30
-1
202
-27
38
631
12
-239
50
631
-1,702
Private:
Affiliated .
Royalties and license fees
Other services
Unaffiliated
Royalties, license fees, and
selected services.
Insurance
Financial services
Education
Communications
Business services
Sports and entertainment
Commuters' wages
Trade union transactions
Other
Commissions
Airline port services
Railway port services
Aircraft leasing
162
598
-28
-400
24
-282
-72
152
534 Definitional and statistical
(')
38 Statistical
-675
-13
14
-2
102
-26
Gross to net and statistical
Statistical
Statistical
Gross to net
Reclassification and statistical
Statistical
-622
-143
-300
-163
-16
Definitional
Reclassification
Reclassification
Reclassification
Government:
United States
Canada
16 Statistical
Statistical
43
1991
Total
-1,552
Private:
Affiliated
Royalties and license fees
Other service charges
Unaffiliated
Royalties, license fees, and
selected services.
Insurance
Financial services
Education
Communications
Business services
Sports and entertainment
Commuters' wages
Trade union transactions
Other
Commissions
Airline port services
Railway port services
Aircraft leasing
526 Definitional and statistical
104 Statistical
-232
150
197
6
4
-629
-142
-316
150
-21
Gross to net and statistical
Statistical
Statistical
Gross to net
Reclassification and statistical
Statistical
Statistical
Statistical
Definitional
Reclassification
Reclassification
Reclassification
Government:
United States
Canada
50
392
1. Royalties and license fees are combined with other service charges for reconciliation.
53
631
15 Statistical
-3
239
Statistical
SURVEY OF CURRENT BUSINESS
ceipts (northbound) and of payments for port
services (southbound) are adjusted to match the
Canadian estimates. U.S. published estimates of
these transactions are developed on a global basis
and then allocated by country and region using
indicators such as volume of trade and passenger
traffic. For reconciliation (and later for revised
November 1992 •
U.S. published estimates), Canadian estimates are
used because the Canadian source data reflect
these bilateral transactions with the United States
more accurately than the U.S. source data.
Other services.—Other services are categorized
as affiliated transactions, unaffiliated transac-
Table 11.--Other Services, Southbound
[Millions of U.S. dollars]
Reconciled estimates
Published estimates
Canadian
receipts
Adjustments to published estimates
RemainCanadian
U.S.
U.S.
ing differpayments Difference receipts payments
ence
Canada
United
States
Type of adjustment
1990
Total
4,884
3,086
1,994
31
1,963
1,798
3,338
3,249
89
-1,546
1,583
411
1,927
1,577
350
-67
43
1,540
-12
423
8
0
(')
FI
(')
2,626
1,320
1,306
1,172
1,433
-261
-1,454
113
139
80
59
136
136
637
185
37
37
299
161
140
116
875
291
322
84
25
133
20
226
111
18
315
301
13
140
116
411
74
19
-37
185
37
35
407
153
140
116
226
185
37
33
407
153
140
116
-263
-674
163
Private:
Affiliated
Royalties and license fees
Other service charges
Unaffiliated
Royalties, license fees, and
selected services.
Insurance
Financial services
Education
Communications . . . .
Business services
Sports and entertainment
Commuters' wages
Trade union transactions
Other
Commissions
Airline port services
Railway port services
Aircraft leasing
U.S. defense expenditures
Refining fees
-278
-2
148
0
n
-3
2
875
291
322
84
25
133
20
-2
108
-8
-6 Definitional and statistical
0
56 Statistical
Gross to net and statistical
74 Statistical
19 Statistical
-282 Gross to net
106 Rectification and statistical
140 Statistical
-875
-291
-322
Definitional
Reclassification
Reclassification
Reclassification
Reclassification
Definitional
-84
-25
-133
-20
Government:
Canada
United States
76
188
183
76
5
56
183
56
183
4,977
3,302
1,673
3,308
3,580
.
2,010
1,480
530
1,825
1,475
350
Royalties and license fees
Other service charges
31
1,979
74
1,406
-43
573
0)
0)
(')
(')
(')
0)
2,727
1,649
1,078
1,248
1,870
143
99
44
140
140
669
200
39
94
268
163
150
124
877
295
345
80
26
107
24
581
138
20
264
257
22
142
126
88
62
19
-41
200
39
93
387
156
150
124
581
200
39
93
387
156
150
124
-20
-5
56 Statistical
Statistical
1991
Total .
-272
-1,669
278
Private:
Affiliated
.
Unaffiliated
Royalties, license fees, and
selected services.
Insurance
Financial services
Education
...
Communications
Business services
Sports and entertainment
Commuters' wages
Trade union transactions
Other
Commissions
Airline port services
Railway port services
Aircraft leasing
U.S. defense expenditures
Refining fees
.
. .
-170
11
141
8
-2
877
295
345
80
26
107
24
-622
-185
01
i)
(')
(')
-1,479
223
-3
-622
5 Definitional and statistical
-710
-1
119
-7
-877
-295
-345
-80
-26
-107
-24
41 Statistical
Gross to net and statistical
62 Statistical
19 Statistical
-171 Gross to net
130 Reclassification and statistical
134 Statistical
8 Statistical
-2 Statistical
Definitional
Reclassification
Reclassification
Reclassification
Reclassification
Definitional
Government:
Canada
United States
76
164
175
76
-11
1. Royalties and license fees are combined with other service charges for reconciliation.
60
175
60
175
-16
11
60 Statistical
Statistical
42 • November 1992
SURVEY OF CURRENT BUSINESS
tions, and government transactions. Affiliated
transactions cover transactions between parent
companies and affiliated companies. Unaffiliated transactions cover transactions between all
other private residents of Canada and of the
United States. Canadian government transac-,
tions (Federal and Provincial) cover transactions
with the U.S. Government and U.S. private residents, and U.S. government transactions include
transactions with the Canadian governments and
Canadian private residents. In addition, royalties
and license fees, both affiliated and unaffiliated,
are combined with other service charges for reconciliation because the Canadian definition of
royalties and license fees is broader than the U.S.
definition.
Affiliated transactions are adjusted to remove
taxes from the Canadian published estimates (tables 10 and n). Statistical adjustments to the
U.S. published estimates include an increase in
receipts and payments of U.S. parent companies
for service charges. Statistical adjustments to
the Canadian published estimates reflect reductions of the estimate for undercoverage of service
charges.
Unaffiliated transactions are adjusted for reclassification, netting and grossing, and statistical
differences. In the U.S. accounts, installation,
maintenance, and repair of equipment are reclassified to merchandise trade, and U.S. receipts
for medical services covered by Canadian Provincial health insurance programs are reclassified
to Canadian government services. In the Canadian accounts, airline and railway port services
and aircraft leasing estimates are reclassified from
services to the transportation account, and commissions on merchandise trade are removed.6
For communications, northbound estimates are
netted against southbound estimates for comparison and reconciliation. Detailed comparisons
cannot be undertaken because of the confidentiality of source data. In addition, Canadian
estimates of insurance transactions are adjusted
to a net basis: Receipts reflect premiums received
less losses paid, and payments reflect premiums
paid less losses recovered. Canadian published
estimates include premiums received plus losses
recovered as receipts, and premiums paid plus
losses paid as payments.
6. Commissions on merchandise trade were omitted from the reconciliation pending completion of a valuation study by Statistics Canada. Similarly,
estimates of Canadian mail-order imports—which are included in the Canadian accounts, but not the U.S. accounts, as a balance of payments adjustment
to customs trade data—were omitted from the reconciled estimates pending
further review by BEA.
Statistical adjustments—mainly to business,
professional, and technical services and to sports
and entertainment—reflect pragmatic adjustments made to Canadian and U.S. estimates to
achieve reconciliation. In most cases, the adjustments involve raising either the Canadian or the
U.S. published estimates, whichever are smaller,
to the level of the other country's estimates; this
approach is taken because the smaller estimates
often reflect a narrower coverage in source data.
The differences that remain after reconciliation of unaffiliated services estimates are related
to transactions of insurance companies. These
transactions could not be reconciled, because of
basic differences in accounting conventions and
data collection methods for this industry in the
United States and Canada.
Reconciliation of government services transactions requires only statistical adjustments that
reflect timing differences in the publication of
revised estimates. Estimates of Canadian government and U.S. government transactions are
exchanged by Statistics Canada and BEA.
Investment income
Direct investment income.—To achieve a common definition of direct investment income, the
U.S. published estimates are adjusted to exclude
reinvested earnings of incorporated affiliates, and
the Canadian published estimates are adjusted
to exclude taxes (tables 12 and 13). Other
definitional adjustments to Canadian published
estimates include changing the estimates of income of insurance affiliates to an accrual basis
from a cash basis and eliminating dividends that
in the U.S. accounts are recorded as payments
to holding companies in third countries but in
the Canadian accounts are recorded as receipts
from the United States. In addition, some dividends are reclassified in the Canadian accounts
from portfolio income to direct investment income. Finally, Canadian estimates of interest
receipts and payments are adjusted to a net basis
for comparability with the U.S. estimates.
When final data become available, statistical
adjustments to published northbound distributed
earnings (dividends) are usually not required or
are small. When only preliminary data are available, the U.S. published estimates are often raised
to account for underestimation of data not yet
reported, and the Canadian published estimates
are reduced to account for overestimation of such
data.
Statistical adjustments to southbound distributed earnings (dividends) are confined to the
SURVEY OF CURRENT BUSINESS
U.S. estimates, which are usually raised to match
the Canadian estimates. Canadian estimates include a number of small dividends that are not
reported in the U.S. source data, possibly because
of reporting exemptions.
Statistical differences in published estimates of
northbound and southbound income of unincorporated affiliates (branches) are mainly in the
November 1992
banking, insurance, and real estate industries.
Canadian estimates of income from bank affiliates are adjusted to reflect the estimated effects of
changes in loan loss reserves on income; the U.S.
estimates already reflect such changes. Reconciliation of income from affiliates in the insurance
industry is not possible, because of differences
in accounting practices and statistical surveys in
Table 12.—Direct Investment Income, Northbound
[Millions of U.S. dollars]
Published estimates
Canadian Difference
U.S.
receipts
payments
U.S.
receipts
1990
Direct investment income
Less reinvested earnings of
incorporated affiliates.
Less taxes
Adjusted income
Dividends
Earnings of unincorporated
affiliates.
Net interest
1991
Direct investment income
Less reinvested earnings of
incorporated affiliates.
Less taxes
Adjusted income
Dividends
Earnings of unincorporated
affiliates.
Net interest
4,665
4,820
Adjustments to published estimates
Reconciled estimates
4,702
-155
5
Canadian Remaindifferpayments ingence
94
4,608
5
595
4,660
3,559
506
4,225
3,696
150
596
379
3,075
3,398
United
States
37
356
4,608
3,600
412
217
596
596
3,137
3,199
-137
-323
102
94
-394
2,973
1,836
3,004
2,418
-582
518
192
619
394
383
-96
262
217
-62
62
-62
326
518
580
-62
225
619
619
164
164
Definitional and reclassification
Definitional, reclassification, and
statistical
Reclassification, gross to net, and
statistical
Definitional
-394
3,199
2,000
Definitional
-199
-102
3,137
2,000
-31
42
41
94
102
394
Definitional
-595
4,702
3,600
506
Type of adjustment
-212
-5
-595
435
Canada
Definitional
195
-418
388
225
Definitional, reclassification, and
statistical
Definitional, reclassification, and
statistical
Reclassification, gross to net, and
statistical
Table 13.—Direct Investment Income, Southbound
[Millions of U.S. dollars]
Published estimates
Canadian
receipts
1990
Direct investment income
Less reinvested earnings of
incorporated affiliates.
Less taxes
Adjusted income
Dividends
Earnings of unincorporated
affiliates.
Net interest
1,177
Difference
Canadian
receipts
payments
-395
1,572
937
1,095
-1,127
1,127
U.S.
payments
Adjustments to published estimates
Reconciled estimates
U.S.
Remaining difference
-158
732
329
14
89
389
421
225
496
-300
-240
United
States
1,127
937
421
127
1,095
421
285
389
389
-158
-158
-216
-133
-383
Type of adjustment
1,490
Definitional
Definitional
-24
24
24
1,153
554
510
Canada
363
92
271
Statistical
Definitional and statistical
Gross to net and statistical
300
1991
Direct investment income
Less reinvested earnings of
incorporated affiliates.
Less taxes
Adjusted income
Dividends
Earnings of unincorporated
affiliates.
Net interest
1,667
-1,841
3,508
-2,256
2,256
415
750
1,217
21
1,501
156
1,585
133
-754
419
-263
51
3,426
2,256
1,718
750
549
1,585
750
416
419
419
133
133
86
21
-198
263
Definitional
Definitional
-35
35
35
1,632
729
747
1,718
1,170
1,170
Statistical
Definitional and statistical
Gross to net and statistical
•
43
SURVEY OF CURRENT BUSINESS
44 • November 1992
Canada and the United States; a partial reconciliation of the northbound estimates is possible
by comparing the combined income of incorporated and unincorporated affiliates (subsidiaries
and branches) and converting the Canadian estimates to an accrual basis (inclusive of reinvested
earnings of incorporated affiliates). Differences
in income of affiliates in the real estate industry
are traceable to problems in source data.
Other private investment income (portfolio).—
Most reconciliation adjustments made to other
private investment income are to account for
differences in gross or net treatment of certain
estimates of interest income of banks and to compensate for differences in source data (tables 14
and 15)7
7. Some adjustments could be developed further if the related capital
positions were reconciled. For example, differences in estimates of income
Table 14.—Other Investment Income, Northbound
[Millions of U.S. dollars]
Published estimates
U.S.
receipts
Reconciled estimates
Canadian Difference
payments
U.S.
receipts
Adjustments to published estimates
RemainCanadian ing
differpayments
ence
United
States
Canada
Type of adjustment
1990
Other investment income
Securities
Dividends
Interest on bonds
U.S. claims/Canadian liabilities
U S bank claims
Other private U.S. claims
U.S. Government claims
7,067
8,780
-1,713
8,727
8,727
1,660
3,875
381
5,259
644
-1,384
5,049
616
1,174
235
-210
-263
5,049
616
3,494
4,615
-1,121
4,433
4,433
939
-182
3,192
1,669
1,498
3,521
715
2,806
-329
954
-1,308
3,678
1,027
2,651
3,678
1,027
2,651
1,153
486
-642
25
25
-53
-28
157
312
-155
-25
Definitional, reclassification, and
statistical
Definitional and statistical
Gross to net and statistical
Net to gross, gross to net, and
statistical
Reclassification
1991
Other investment income
Securities
Dividends
Interest on bonds
U.S. claims/Canadian liabilities
U S bank claims
Other private U S claims
U.S. Government claims
7,454
8,866
-1,412
8,957
8,957
1,503
91
4,630
554
5,955
475
1325
5,771
475
1,141
-79
184
79
5,771
475
4,076
5,480
-1,404
5,296
5,296
1,220
2,824
1,464
1,339
21
2,911
654
2,257
-87
810
3,186
1,018
2,168
3,186
1,018
2,168
-446
-918
362
829
-21
21
-184
275
364
-89
Definitional, reclassification, and
statistical
Definitional and statistical
Gross to net and statistical
Net to gross and^statistical
Reclassification
Table 15.—Other Investment Income, Southbound
[Millions of U.S. dollars]
Published estimates
Adjustments to published estimates
Reconciled estimates
RemainCanadian
Canadian
U.S.
U.S.
receipts payments Difference receipts payments ing difference
Canada
United
States
Type of adjustment
1990
Other investment income
Securities
Dividends
Interest on bonds
Canadian claims/U.S. liabilities
Canadian bank claims
Other Canadian claims
U S Government liabilities
2,541
4,203
-1,662
3,411
3,354
1,078
897
181
1,338
975
363
-260
-182
1,255
975
280
1,255
975
280
432
-92
1,417
862
-985
-954
956
489
899
432
524
555
-78
-31
467
57
177
78
99
57
57
467
1,031
1,448
-417
1,200
1,200
2,610
3,998
-1,387
3,387
3,293
1,164
969
195
1,479
1,000
479
-315
-284
1,345
1,000
345
1,345
1,000
345
544
76
1,327
873
-783
-797
1,042
642
948
548
870
524
581
-57
169
-849
-83
-83
Definitional and statistical
Definitional and statistical
-518
-430
Net to gross, gross to net, and
statistical
-88 Net to gross and statistical
-248
Statistical
1991
Other investment income
Securities
Dividends
Interest on bonds
Canadian claims/U.S. liabilities
Canadian bank claims
Other Canadian claims
U.S. Government liabilities
468
454
903
1,192
-31
14
-289
400
1,000
400
1,000
94
94
94
777
-705
181
31
150
-134
498
566
-379
-325
-68
97
Definitional and statistical
134 Definitional and statistical
Net to gross, gross to net, and
statistical
-54 Net to gross and statistical
-192
Statistical
SURVEY OF CURRENT BUSINESS
Canadian estimates of income received and
paid on bank claims and liabilities are published
on a net basis (receipts on claims less payments
on liabilities), whereas the U.S. estimates are
published on a gross basis. With one exception, the Canadian estimates are converted to a
gross basis for reconciliation. On a gross basis,
the Canadian estimates of receipts and payments
of income between affiliated U.S. and Canadian
banks substantially exceed the U.S. estimates.
On a net basis, these U.S. and Canadian estimates are almost identical, so for reconciliation
the U.S. estimates are adjusted to a net basis.
The reason for the pattern, while unclear, may
be due to differences in reporting definitions.
Income on other bank claims—U.S. banks' income from unaffiliated Canadian banks and nonbank Canadian residents and Canadian banks'
income from unaffiliated U.S. banks and nonbank U.S. residents—are reconciled for statistical
differences.
Most adjustments to income on securities are
made to the U.S. estimates. First, U.S. estimates
of income receipts from holdings of Canadian
bonds (northbound) are aligned with the Canadian estimates. The U.S. estimates are based
on estimated U.S. holdings that are initially developed from partial information on placements
and retirements of Canadian bonds. For reconciliation, the Canadian estimate of U.S. receipts
is used because Statistics Canada calculates U.S.
receipts from a detailed inventory of individual
Canadian bonds held by nonresidents that reflects actual placements and retirements. Because
of unexplained discrepancies in source data, both
Canadian and U.S. estimates of income payments on U.S. corporate bonds (southbound) are
arbitrarily adjusted to a common level.
Second, U.S. estimates of northbound dividends are adjusted to the Canadian level on the
assumption that the source data on dividend payments is more comprehensive than the source
data on receipts. Canadian estimates of southbound dividends are adjusted to the U.S. level for
the same reason.
Third, Canadian and U.S. estimates of U.S. income payments on U.S. Government liabilities
are adjusted to a common level. The Canadian published estimates are smaller than the
may be due to differences in assumptions about yields or in reported income,
as well as differences in the estimates of the level of claims and liabilities.
November 1992 •
U.S. published estimates. Canadian compilers
assume that a portion of U.S. Government securities purchased by Canadians are for the accounts
of U.S. insurance affiliates of Canadian parent
companies. Under this assumption, the assets
and the income are for the accounts of U.S. residents (U.S. branches of Canadian companies)
and are domestic U.S. transactions. The U.S.
estimates are based on the assumption that the
purchases are for Canadian accounts. For reconciliation, the published estimates are adjusted to
an arbitrary midpoint.
Finally, U.S. estimates are adjusted to include U.S. interest payments on foreign currency
deposits in U.S. banks to reconcile with the
Canadian estimates. It is unclear whether all
these deposits are interest bearing. In addition, some small statistical adjustments are made
to the Canadian and U.S. accounts to reconcile
miscellaneous commercial transactions.
Unilateral transfers
The largest adjustment in reconciling unilateral
transfers is the removal of taxes from Canadian
published estimates. In addition, U.S. estimates,
which are published on a net basis, are converted to a gross basis to align with the Canadian
treatment. Finally, small statistical adjustments
are made to U.S. northbound estimates and to
Canadian southbound estimates to compensate
for lack of coverage in source data.
Summary
The reconciliations have resulted in a detailed
understanding of most of the differences in the
published bilateral estimates; U.S. and Canadian
compilers have used this knowledge to increase
the accuracy of published estimates and to improve estimating techniques. Most of the differences in the published estimates of the currentaccount balance now reflect a few definitional
and statistical differences.
Recommendations
of the forthcoming Balance of Payments Manual (fifth edition) of the International Monetary
Fund may result in adjustments to published estimates that would resolve some of the definitional
differences; further research and reconciliation of
capital-account differences may resolve some of
the statistical differences. H
45
Just Released by BEA!
FOREIGN DIRECT INVESTMENT IN THE UNITED STATES:
Operations of U.S. Affiliates of Foreign Companies
Revised 1989 Estimates
and
Preliminary 1990 Estimates
These publications, which present the results of BEA's most recent annual surveys of foreign direct investment in the United States,
are the authoritative sources of data on the overall financial structure and operations of nonbank U.S. affiliates of foreign companies.
Each contains over 70 tables, disaggregated by country of ownership, by industry of affiliate, and, for selected items, by State. The
publications present a comprehensive view of foreign direct investment in 1989 and 1990, including:
Balance sheets and income statements
Employment and employee compensation
FORHCN DIRECT INVESTMENT
IN THE UNITED STATES
Property, plant, and equipment
sg
Uij
Merchandise trade
Sales of goods and services
Acres of land and mineral rights owned or leased
Selected items by State
These publications provide some of the most detailed information on foreign direct investment in the United States collected by the
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NOTE: These new estimates are also available from BEA on diskette. For information on how to obtain diskettes, write to: International Investment Division, BE-50,
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11/92
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November 1992
47
Gross Product of U.S. Affiliates of Foreign Direct Investors, 1987-90
THIS REPORT PRESENTS estimates of the gross product of nonbank U.S. affiliates of foreign direct investors. It updates and
extends the estimates that were previously published in the June
1990 SURVEY OF CURRENT BUSINESS.1 Estimates for 1988-90 are
being presented for the first time, and estimates for 1987 are
revised; the estimates for 1977-86 are unchanged. Table i provides historical perspective by showing estimates for 1977-90 by
major industry and by major area of ultimate beneficial owner
(uBo).2 Tables 2.1-2.4 present detailed industry-by-country estimates for 1987-90, and tables 3.1 and 3.2 present detailed
industry-by-component estimates for 1987-90.
Gross product is an economic accounting measure of production. For an individual business, it can be calculated as sales plus
inventory change less purchases from other businesses; thus, it
measures value added by the business. For affiliates, it can also
1. "Gross Product of U.S. Affiliates of Foreign Companies, 1977-87," SURVEY OF CURRENT
BUSINESS 70 (June 1990): 45-53.
2. The ultimate beneficial owner is that person, proceeding up a U.S. affiliate's ownership
chain, beginning with and including the foreign parent, that is not owned more than 50
percent by another person. (The foreign parent is the first person outside the United States
in a U.S. affiliate's ownership chain that has a direct investment interest in the affiliate.)
The country of ultimate beneficial owner is often the same as that of the foreign parent,
but it may be a different foreign country or the United States.
be calculated as the sum of (i) certain factor incomes—that is,
employee compensation, profit-type return, and net interest; (2)
certain nonfactor income—that is, indirect business taxes; and
(3) consumption of fixed capital—that is, depreciation.
Estimates of affiliate gross product are useful in measuring the
economic impact of affiliates on the U.S. economy and on individual industries. Although sales by affiliates can also be used to
measure this impact, gross product is a preferable measure for
most purposes. Gross product indicates the extent to which affiliates' sales result from their own production rather than from
production that originates elsewhere, whereas sales data do not
distinguish between these two sources of production. In addition, gross product estimates measure value added by affiliates
in a specific time period. In contrast, sales in a given period
may partly reflect production that occurred in earlier periods
(if inventories are drawn down), and they may not reflect all of
the production that occurred in the given period (if inventories
increase).
In general, the estimates of affiliate gross product are conceptually consistent with the estimates of gross domestic product
(GDP) in the U.S. national income and product accounts (NIPA'S).
However, GDP includes estimates of several items that could not
Table 1.—Gross Product of U.S. Affiliates of Foreign Companies, 1977-90
[Millions of dollars]
1977
Total
1979
1978
35,222
42920
1980
55,424
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
111490
128761
134852
142120
157,869
191,728
226031
241 182
70,906
98,828
103489
By industry of affiliate
Petroteum
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Machinery
Other manufacturing
Wholesale trade
Retail trade
Finance, except banking
Insurance
Real estate
Services
Other industries
7654
9263
11 869
16988
21 336
20453
19901
20782
21 162
17165
18650
21459
24238
26828
16,672
2603
5373
2,010
20,403
2868
6273
26,429
3398
47,117
4847
18623
3994
47,189
4833
18323
3557
9532
10944
52,461
5375
19857
5540
9776
11 913
61 ,423
5939
22296
6840
11 876
14472
62536
6299
21 893
7023
11 520
15801
65794
75,503
6367
26215
90,827
109103
11 191
14154
8646
2,744
1 692
3,512
2975
5,405
17153
19656
10304
4394
1 768
4,359
19639
12439
4741
5166
5,932
6,964
2669
8,209
10878
2221
6,513
9254
27714
3191
2125
4160
6081
3,494
4976
6452
30,981
3884
8240
3,662
7432
7,764
5044
5319
2310
2786
6624
3899
8,366
5265
331
462
881
1 263
1 349
1,165
1 223
2,404
1 678
1,722
1,554
3,470
2007
2,606
2034
5,267
13650
8004
1,650
1 609
2,580
2209
6,145
1,217
1,721
2938
1,511
2,396
3907
1 747
3,333
5080
1 736
3,931
5667
1 765
4,662
6427
238
925
429
586
1,363
Addenda:
Motor vehicles and equipment manufacturing
Motor vehicles and equipment wholesale trade
Total motor vehicles and equipment
38
1,091
1 129
698
911
1,946
(D)
(D)
1 629
7417
3080
9105
10548
6192
1078
9501
4,103
1 241
4,564
4066
5,928
2741
6381
22564
7407
11 942
17500
6416
4 114
4,423
7,386
9607
7891
9718
12702
23007
28272
10399
18047
26219
32468
15654
21 739
29524
118230
10849
37286
15451
22910
31 733
19575
10361
8,884
5067
4,830
6974
8,025
21 485
13900
9,754
6623
5,057
10873
11,749
23374
16298
11,820
6496
6,226
12714
15,764
25110
16772
6,183
8670
6,280
15930
17,179
1 476
6,693
1 236
6,094
7330
1 689
6,093
7782
2640
7,032
9672
7212
8169
By area of UBO
Canada
Europe
France
Germanyl
Netherlands . .
Switzerland
United Kingdom
Other
5991
7176
8727
10933
20641
20469
23238
26949
25927
24231
3,153
2938
6390
2,005
7,687
2058
29953
3,825
4445
6998
2,488
9,858
2339
39218
4,332
7922
8,228
3,284
12,702
2,750
50,401
6,158
8765
11,330
3,791
17,278
3,079
63817
7,462
10901
14,295
4,440
22,695
4,023
66930
6,865
11 273
15267
5,177
23,910
4,438
69047
6,081
12092
14,756
5,906
24,630
5,582
77976
7275
14102
15981
6,611
27,240
6,767
81 550
7,059
15156
15084
7,138
30,056
7,058
2,912
1,464
2,732
1,744
3,869
2,563
4,379
2,570
9,098
6,533
2565
10,596
7,227
3369
1 1 ,873
8,329
3544
896
1,018
899
Latin America and Other Western Hemisphere .
Middle East
1349
1,427
1,837
2,296
128
207
381
589
Africa Asia and Pacific
Jaoan
Other
3274
2,488
3,837
2,860
977
4,867
3,797
1 070
6,229
4,961
786
248
321
395
458
United States
D
1268
Suppressed to avoid disclosure of data of individual companies.
1. For 1977-89, this line only includes data for the Federal Republic of Germany. For 1990, it also includes
the former German Democratic Republic (GDR). This change has no effect on the data because, in 1977-69, there
29031
35711
36562
38982
85795
8,299
13421
15170
8,055
29,193
11,657
94113
8,434
15400
15789
8,773
33,096
12,621
112215
10855
17956
17669
10,646
40,221
14,868
131 338
13,260
20951
19430
14,851
47,520
15,326
140056
14,562
24270
18739
15,128
52,622
14,735
3,965
3,495
3,880
2,477
6,098
1,775
7,128
2,570
8,589
4,189
8,322
3,175
16,310
11,720
4590
19255
13,562
5692
21,211
13,717
7494
24,931
17,510
7421
31,855
24,199
7656
43,103
31,433
11 670
48,350
35,332
13018
578
661
1,044
1,921
2,248
2,249
2,298
were no U.S. affiliates of the former GDR.
UBO Ultimate beneficial owner
48 • November 1992
SURVEY OF CURRENT BUSINESS
be made for affiliates, namely business transfer payments; subsidies; depreciation of expenditures for mining exploration, shafts,
and wells; and a bad debt adjustment.3 These items collectively
accounted for about 2 percent of GDP in 1989.
The estimates for affiliates are somewhat narrower in coverage
than those for GDP. The major difference is that GDP includes, but
the estimates for affiliates exclude, gross product originating in
banks, which is not covered by BEA'S annual survey of foreign direct investment in the United States. GDP also includes estimates
that do not pertain to foreign direct investment in the United
States: GDP originating in government, government enterprises,
and private households; imputed GDP of owner-occupied farm
and nonfarm housing; and rental income of persons.
It should be noted that the profit-type-return component of
affiliate gross product differs conceptually from direct investment
income defined for balance of payments purposes and from net
income defined for BEA'S annual series of financial and operating
data of U.S. affiliates. The major difference between profit-type
return and direct investment income for balance of payments
purposes is that the balance of payments measure consists only of
the foreign parent's share of an affiliate's net income, whereas the
gross product measure includes all of the affiliate's net income.
For example, if an affiliate is 5O-percent owned by its foreign
parent and has net income of $100, the entire $100 enters affiliate
gross product, but only $50 enters direct investment income.4
Another difference is that profit-type return includes, but direct
investment income excludes, an inventory valuation adjustment,
3. For additional information about the conceptual differences between affiliate and NIPA
gross product components, see "Gross Product of U.S. Affiliates," p. 53.
4. This example assumes that adjustments normally made to net income to derive profittype return and adjustments made to net income before it is entered in the international
transactions accounts (balance of payments) are both zero.
which places the value of inventory withdrawals on a currentcost (replacement-cost) basis. In contrast, profit-type return
excludes, but direct investment income includes, an adjustment
to place reported depreciation and expensed exploration and
development costs on a current-cost basis.5
The i difference between profit-type return and net income
in the financial and operating series is that profit-type return
is, in general, conceptually consistent with the NIPA definition
of profit, whereas net income is conceptually consistent with
generally accepted accounting principles (GAAP). The following
adjustments are made to net income to convert it to profit-type
return: Income taxes, depletion, and an inventory valuation adjustment are added, and capital gains and income from equity
investments are deducted.
Each of the three profit measures—profit-type return, direct
investment income, and net income—serves a different purpose.
Profit-type return measures an affiliate's profits from an economic accounting perspective, that is, from current production.
Direct investment income measures the foreign parent's share of
an affiliate's net income. An affiliate's net income provides a
picture of the affiliate's total earnings, not just the parent's share
of those earnings, from a financial reporting perspective.
NOTE.—The annual survey from which the estimates were
derived was conducted by the Foreign Direct Investment in
the United States Branch, under the supervision of James L.
Bomkamp. Arnold Gilbert designed the computer programs for
data retrieval and tabular presentation. Jeffrey H. Lowe, with
assistance from Lee I. Goldberg, prepared the estimates.
Tables 2.1 through 3.2 follow. E3
5. For details on the measurement of direct investment income, see "U.S. International
Transactions," SURVEY 72 (June 1992): 72-73.
SURVEY OF CURRENT BUSINESS
November 1992 *
49
Table 2.1 .-Gross Product of U.S. Affiliates, Industry of Affiliate by Country of UBO, 1987
[Millions of dollars]
Asia and Pacific
Europe
Germany,
Federal
Republic
of
Netherlands
Switzerland
United
Kingdom
Latin
America
and Other
Western
Hemisphere
(5)
(6)
(7)
(8)
(9)
Of which:
All countries
Canada
Total
France *
(1)
All industries
157,869
Petroleum
Petroleum and coal products manufacturing
Other
18,650
15,769
2,881
Manufacturing
75,503
Food and kindred products
Beverages
Other .
Chemicals and allied products
Industrial chemicals and synthetics
Drugs
Soap cleaners and toilet goods
Other
6,367
2,313
4,054
26,215
18,718
4,211
2,331
956
(2)
(4)
(3)
Of which:
Middle
East
Africa
Unitec
States
Total
Japan
Australia
(10)
(12)
(11)
(14)
(13)
(15)
131
94,113
8,434
15,400
15,789
8,773
33,096
6,098
1,729
1,775
23,202
3,250
17,510
6 72
1
£ 71
15,907
14,706
1,201
(D)
(D)
(D)
107
7
100
R
6,465
(D)
(D)
1,136
(D)
(D)
(D)
0
(D)
(D)
0
280
9
0
9
n
-7
(D)
(D)
24
0
24
-32
1
-33
131
48,027
5,220
9,586
4,130
5,591
17,818
2,239
459
387
6,660
1,045
4,354
1,2 16
D
)
D
)
4,798
1,463
3,334
359
30
4
26
(D)
0
(D)
23
(D)
(D)
22
0
22
0
0
0
309
110
199
79
(D)
(D)
155
40
115
(D)
(D)
3,736
2,236
840
686
I
2,438
1,282
1,156
4,974
4,077
192
548
158
(D)
(D)
2,584
22
2,309
234
20
4,379
3,010
1,100
64
205
342
0
(D)
R0
0
0
566
366
(D)
(D)
0
-3
R
14
0
6
7
0
518
366
(D)
0
(D)
D
()
R
D
1,816
^
1,654
522
(D)
21
1,144
1,072
1,050
23
72
29,C
17,3
1
3
R
R
9
(D)
Primary and fabricated metals
Primary metal industries
Ferrous
1
Nonferrous
.
.
Fabricated metal products
Machinery
Machinery except electrical
Office and computing machines
Other
Electric and electronic equipment
Audio, video, and communications equipment ....
Electronic components and accessories
Other
7,212
4,296
2,203
2,093
2,917
1,5 52
95
• 81
i 15
5 56
2,618
1,279
497
782
1,339
200
102
(D)
(D)
97
857
201
66
136
656
12,702
4,769
1,846
2,922
7,933
3,782
1,376
2,775
1,8 15
D
)
D
)
9,053
3,339
1,223
2,117
5,713
2,190
856
2,667
1,285
(D)
(D)
24
(D)
Other manufacturing
Textile products and apparel
Lumber wood furniture and fixtures
Paper and allied products
Printing and publishing
Newspapers
Other
Rubber products
. .
Miscellaneous plastics products
Stone clay and glass products
Transportation equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Other
23,007
1,123
523
2,383
3,151
564
2,587
1,118
854
5,346
2,432
1,476
956
2,587
3,490
)
136
90
3 76
1,7 92
5 59
1,2 33
D
)
83
D
)
Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplies
Metals and minerals except petroleum
Electrical goods
Machinery equipment and supplies
Other durable goods
Groceries and related products
Farm-product raw materials .
Other nondurable goods
19,575
6,693
1,659
1,572
2,217
1,163
1,161
899
771
3,440
1,159
9
127
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores
Other
10,361
2,150
4,005
1,388
2,817
s1
7
R
94
( )
701
315
1,676
1,232
1
1,231
540
515
4,508
1,734
908
826
1,740
(D)
2,690
3
23
23
0
0
0
21
23
1,303
1,078
(D)
1,364
)
8,898
2,459
606
653
293
701
844
755
596
1,990
3,540
D
)
7 70
6 29
D
)
6,008
(D)
3,040
698
(D)
249
9
208
8
24
D
°!)
D
21
D
)
2
54
27
47
1
D
D
8
T
40
28
81
35
21
(D)
252
45
(D)
*1
289
(D)
0
(D)
(D)
758
418
23
394
341
1,717
495
10
485
1,222
0
(D)
(D)
(D)
90
48
43
352
220
0
220
131
(D)
13
(D)
2,057
823
(D)
(D)
1,234
525
121
589
2,007
111
86
86
483
1
482
274
41
0
(D)
47
0
47
2
37
S
8,185
442
179
(D)
425
(°)
143
253
89
(D)
(D)
266
(D)
(
(D)
6
n
0
2
3
3
2,646
1,153
476
284
6
140
172
(D)
2
(D)
257
1
2
1,509
1,629
(D)
(D)
(D)
250
R
n
(
13
16
15
6
(D)
12
(D)
(D)
0
n
24
275
20
15
5
161
48
n
425
31
(D)
2,394
441
300
141
1,220
(D)
0
1
(D)
90
90
R
1
n
0
D
(38)
0
(D)
D
( )
3
R0
(D)
T(°)
404
T( )
(D)
1
4
5
37
3
13
5
(D)
291
(D)
0
(D)
13
925
(D)
(D)
152
530
140
<]
R
1
162
(D)
1,609
997
543
454
612
(D)
429
(D)
n
(
?
0
T
0
0
0
0
0
0
0
0
0
0
0
(
R
(D)
150
0
0
~i
( )
0
7
(D)
2,500
D
n
n0
510
8
50
1
14
123
(D)
56
(D)
108
141
337
292
15
1,231
0
\
0
0
0
(
i
()
D
fi519
Rn
53
(D)
11
8,706
4,142
914
703
1,880
349
287
79
169
183
0
d?
7
0
1
fl0
R
n
245
12
0
n
°4
0
4
(D)
16
165
146
(D)
23
-5
0
4
0
0
(
(D)
-1
0
0
0
21
1
17
R
2,360
247
118
251
17
r!
(
n
5
0
0
0
5
(D)
(D)
658
191
195
11
261
^
184
0
0
0
2
D
( )
129
10
0
2
0
1
(D)
0
0
1,364
892
(D)
n8
n
8,274
3,994
909
693
1,775
345
194
71
168
125
3,245
8,884
a77
1,183
4,182
19
29
73
(D)
970
821
83
28
3,362
15
5,067
2,460
33
137
846
419
1,016
(D)
0
0
14
_-j
22
Real estate
4,830
2,146
1,227
13
205
309
97
465
146
20
694
588
136
309
Services
Hotels and other lodging places
Business services
Computer and data processing services .
Other business services
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
Accounting, research, management, and related
services
Health services
Other services
6,974
1,096
3,285
662
2,623
567
578
583
41
66
16
50
D
)
55
3,692
358
2,198
576
1,622
43
320
395
69
196
374
3
51
48
3
170
26
94
(D)
737
24
594
1,601
177
1,009
82
926
(D)
40
2
0
0
0
0
0
0
(D)
(D)
14
574
1
14
0
(D)
1,259
554
(D)
11
(D)
(D)
(D)
603
421
124
6
118
1
21
572
478
397
12
a
333
75
(D)
(D)
(D)
29
-1
R
29
0
(D)
fl
Other industries
Agriculture forestry and fishing
Mining
Coal
Other
Construction
Transportation
Communication and public utilities
8,025
328
2,277
1,184
1,093
1,797
2,713
910
2,040
6
603
3,712
177
1,104
603
501
1,342
792
296
(D)
17
23
10
13
374
22
(D)
807
19
290
288
2
449
49
(D
* Less than $500,000 (±)
D
Suppressed to avoid disclosure of data of individual companies.
UBO Ultimate beneficial owner
3
8J
757
593
n
30
n
<5
R3
$
(D>
33
(D)
S
-1
0
3
T
188
6
162
T
3
2
0
0
1
13
81
1,337
89
571
253
319
276
358
43
(D)
(D)
1
n
<<•n!
13
0
(D)
134
0
3
1
0
'3
67
n
8
-1
0
1
2
0
n
fl
n
p>
T
to
17
1,963
34
\
D
)
984
5
(D)
(D)
(D)
n
l
444
(D)
R
600
0
(
70
(D)
Insurance
R
fl
(
(D)
68
43
367
367
Finance, except banking
(D)
-1
(
n
1,174
141
24
251
8
|
(D)
(D
3
£
(D)
310
178
29
29
10
109
I
1,9
26
0
10
557
29
16
0
16
241
266
5
1
(
I
SURVEY OF CURRENT BUSINESS
5O • November 1992
Table 2.2.-Gross Product of U.S. Affiliates, Industry of Affiliate by Country of UBO, 1988
[Millions of dollars]
Asia and Pacific
Europe
France
Germany,
Federal
Republic
of
Netherlands
Switzerland
United
Kingdom
Latin
America
and Other
Western
Hemisphere
(4)
(5)
(6)
(7)
(8)
(9)
Of which:
All countries
0)
Canada
Total
(3)
(2)
Of which:
4,088
24,199
2,248
R
R
10
51
0
51
68
0
68
-37
0
-37
R
6,522
21,141
2,800
576
235
10,053
7,737
585
(D)
2,504
1,230
1,274
(D)
32
0
32
0
0
0
846
315
127
188
(D
(D)
3,139
24
2,854
4,076
2,416
1,355
(D)
33
R
R
R
67
67
0
0
0
22
0
11
11
0
(D)
(D)
0
0
0
R( )
310
R
177
72
106
249
R
Manufacturing
90,827
18,501
58,077
7,030
11,540
4,958
7,891
2,991
4,900
1,397
5,575
1,628
3,947
567
280
287
61
16
45
536
17,135
8,817
4,695
2,411
1,212
1,027
5,677
4,664
215
622
176
28,272
19,156
5,163
2,578
1,375
Primary and fabricated metals
Primary metal industries
Ferrous
Nonferrous ....
Fabricated metal products
10,399
5,111
2,420
2,692
5,287
Machinery
Machinery except electrical
18,047
7,599
2,154
5,445
10,448
4,144
1,982
4,322
Other
Electric and electronic equipment
Audio, video, and communications equipment ....
Electronic components and accessories
Other
803
(D)
2,011
255
(D)
(D)
1,756
(D)
55
(D)
3,564
212
52
554
1,795
613
1,183
(D)
239
(D)
1M
Other manufacturing
Textile products and apparel
Lumber, wood furniture and fixtures
Paper and allied products
Printing and publishing
Newspapers
Other
Rubber products
Miscellaneous plastics products
Stone clay and glass products
Transportation equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Other
26,219
1,504
635
2,904
3,673
618
3,055
2,188
1,178
5,348
1,990
1,236
754
2,757
4,041
Motor vehicles and equipment
Professional and commercial equipment and supplies
Metals and minerals, except petroleum
Electrical goods
Machinery, equipment, and supplies
Other durable goods
Groceries and related products
Farm-product raw materials
Other nondurable goods
21,485
6,094
1,929
1,649
2,934
1,692
1,506
902
834
3,944
962
19
9
140
10
102
67
57
13,900
4,140
4,996
1,418
3,346
4,906
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores
Other
Insurance
61
&
4,735
1,358
496
862
3,378
D
( )
1,801
R
R
13,022
5,288
1,108
4,181
7,733
2,621
1,177
3,936
1,277
(D)
17,610
1,003
392
1,911
1,573
1
1,572
804
579
4,134
1,510
761
749
1,905
3,798
2,357
10,291
2,145
648
818
837
896
1,013
716
626
2,592
7,683
1,208
4,120
665
1,690
9(°)
R
79
<222
D
( )
0
R
91
1,247
(D)
(D)
(D)
82
(D)
1,416
T48
56
73
53
30
fi
9,754
357
3,010
398
(D)
221
13
(D)
27
6,623
1,808
3,518
9
R
629
1,113
a
984
190
64
126
795
106
8
8
0
98
2,346
624
84
540
1,722
5
(D)
(D)
2,470
125
115
109
504
1
502
(D)
139
376
142
59
83
373
(D)
2,408
925
171
417
10
253
190
(D)
5
(D)
1,868
(D)
(D)
40
12
28
(D)
(D)
(°)Q
(D)
378
26
0
R
0
(D)
D
()
42
17
0
17
-4
3
294
1
13
(
°l
,1
33
(
5
(D)
2,222
(D)
(D)
(D)
253
fl
116
950
458
26
432
492
529
330
0
330
199
(D)
22
(D)
4,778
2,834
423
2,411
1,944
283
278
1,383
950
73
19
44
8,833
635
212
153
495
0
(D)
1
R
<8(°)
28
293
18
18
0
169
61
140
1,800
725
137
588
1,247
(D)
988
(D)
368
55
19
181
99
5
(D)
26
3,584
219
28
91
630
83
440
268
26
1,800
326
(D)
1,100
60
(D)
(D)
687
(D)
15
16
88
1,041
885
330
763
588
1,340
(D)
I
(D)
0
1
(D)
251
252
(D)
T
8
1
\o 3( )
D
n
48
39
8
31
9
n9
0
0
0
1,127
38
0
6
D
( )
4
43
0
0
0
0
0
0
0
0
0
0
0
0
43
ri
n0
8
(D)
0
a
499
9
1
41
5
82
41
3
(°)
(°)12
'fi0
0
0
7
(D)
(D)
R
R
101
(D)
109
(D)
1,944
(D)
(D)
(D)
2,537
1,710
801
909
827
(D)
614
n
3,689
244
190
348
205
n
205
(D)
351
855
R
R
-21
T
R
(D
^
0
296
(D)
0
( )
D
(
i
C
fi
H
110
667
269
270
(D)
( 1)
n
(D0)
0
(DD)
( 0)
n0
347
(DD)
( 1i
(D)
188
42
34
15
98
3
0
0
2
1
110
4,921
59
143
56
(D)
81
33
17
c
25
1
0
1
0
0
9,302
3,875
1,256
605
2,056
575
385
91
213
245
128
-6
C
824
363
(D)
21
(D)
5,125
255
2,969
160
31
348
(D)
(D)
(D)
D0
122
0
-1
0
2
17
0
1
0
103
227
13
0
39
0
19
0
(D)
0
2,393
1,573
760
813
820
53
595
172
8,8t6
3,748
1,238
575
1,980
573
274
81
207
139
(D)
55
0
0
1
76
51
0
92
1,319
1,138
1,111
27
181
0
0
2
0
2
0
0
n
(D)
5
0
0
0
5
^
(D)
59
&
.
38
-1
1
0
0
-2
742
688
R
-135
(D)
(D)
D
446
(D)
(D)
11
0
-4
12
3
2
180
0
0
0
(DD)
()
(D:
(D)
R( )
1,419
C
(
1
fl
n
5,057
1,888
1,373
19
199
320
48
629
122
12
536
1,108
114
823
Services
Hotels and other lodging places
Business services
Computer and data processing services
Other business services
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
Accounting, research, management, and related
services
Health services
Other services
10,873
1,491
5,306
1,698
3,608
511
864
1,841
46
6,251
489
3,150
965
2,185
150
485
444
61
199
165
34
554
4
35
31
790
26
600
(DD)
BJ
2
0
0
0
0
0
0
541
105
-1C
42
2,819
283
1,922
209
1,713
137
67
655
(D)
8
264
57
119
61
57
43
42
1,526
779
370
24
347
(D)
28
382
0
(D)
i
(D)
(D
955
665
188
11
177
c
28
456
542
1,704
(D)
311
187
1,479
28
0
96
64
178
230
-1
0
4
2
0
0
(D)
(D)
25
(DJ
r
39
0
26
(D)
0
Other industries
Agriculture, forestry, and fishing
Minina
Coal
Other
Construction
Transportation
Communication and public utilities
11,749
448
2,520
1,187
1,333
2,109
5,575
1,097
4,372
240
1,203
579
623
1,621
929
379
(D)
880
37
270
266
(DD)
221
227
<r
i°°
2325
35
511
391
120
397
1,367
14
1,379
0
491
391
100
64
824
742
26
21
0
21
259
421
14
3
0
0
0
0
0
0
3
Real estate
•
D
T45
(15)
30,569
10,746
Chemicals and allied products
Industrial chemicals and synthetics
Drugs
Soap cleaners and toilet goods
Other
(14)
2,570
17,669
161
24
137
R
R
(13)
367
0
367
17,956
R
nR
8
R( )
Japan
1,286
10,855
17,641
16,200
1,440
Food and kindred products
Beveraoes
Other
(12)
(11)
Australia
2,086
112,215
852
D
United
States
Total
7,128
35,711
21,459
18,056
3,403
R
(10)
Middle
East
40,221
191,728
Petroleum
Petroleum and coal products manufacturing
Other
All industries
Africa
* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
UBO Ultimate beneficial owner
fi
R( )
D
ti
4,598
(D'
(D)
589
75
3,075
(D)
(°:5C
't
48
400
21
214
L
464
10?
(:
(.
0
14
69
0
( i;
(D)
1
i
266
27
1
0
132
52
54
164
8
238
(D)
106
577
257
319
429
453
(°)
(
r
11
(
9'
(D)
(
-1£
0
(D)
(D
(
15
110
95
13
53
(D)
17
15
2
1
3
0
2
SURVEY OF CURRENT BUSINESS
November 1992
Table 2.3.-Gross Product of U.S. Affiliates, Industry of Affiliate by Country of UBO, 1989
[Millions of dollars]
Asia and Pacific
Europe
Africa
United
Kingdom
Latin
America
and Other
Western
Hemisphere
(9)
(10)
Of which:
All countries
Canada
Total
France
Petroleum
Petroleum and coal products manufacturing
Other
Manufacturing
Food and kindred products
Beverages
Other
(4)
(5)
(6)
(7)
(8)
13,260
20,951
19,430
14,851
47,520
8,589
24,238
19,968
4,270
1,285
(D)
(D)
18,261
15,989
2,272
1,526
93
31
61
(D)
(D)
319
120
15
106
7,070
(D)
(D)
1,596
1,380
216
(D
(D)
109,103
20,200
70,453
7,839
13,431
5,825
10,395
25,448
3,015
1,635
7,067
548
6,519
706
309
398
91
21
70
546
0
546
1,711
1.7fl
3,573
216
3,357
20,174
9,976
6,443
3,220
535
1,122
6,761
5,325
208
1,077
151
2,567
3,826
(D)
3,546
(D)
30
4,818
2,243
2,361
(D)
(D)
32,468
21,512
6,926
3,374
656
(3)
R
R
R
D
15,654
6,921
3,011
3,910
8,733
Machinery
Machinery except electrical
Office and computing machines
Other .
Electric and electronic equipment
Audio, video, and communications equipment ....
Electronic components and accessories
21,739
10,853
2,516
8,337
10,886
4,437
2,417
4,032
2,457
299
39
260
2,158
29,524
1,828
515
2,959
4,125
648
3,477
2,597
1,248
6,052
2,712
1,689
1,023
3,267
4,221
3,539
291
67
348
1,903
643
1,261
Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplies
Metals and minerals, except petroleum
Electrical goods
Machinery, equipment and supplies
Other durable goods
Groceries and related products
Farm -product raw materials
Other nondurable goods
23,374
6,093
2,484
1,856
3,580
2,102
1,742
988
956
3,573
1,010
34
8
262
27
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores
Other
16,298
3,237
5,593
1,805
5,662
Finance, except banking
11,820
. .
Real estate
()
R
R
21
(D)
219
0
0
0
219
2,678
2,732
918
102
815
1,815
-3
(D)
28
-5
33
(D)
(D)
(D)
18
951
941
16
925
10
3
7
0
5,169
3,602
675
2,927
1,567
255
338
975
(D)
32
0
(D)
(D)
0
(D)
(D)
30
99
24
0
24
-5
3
1,228
60
10
(D)
(D)
0
(D)
3
19
277
21
21
0
377
97
9,623
763
(D)
94
786
599
1
104
42
6
78
15
104
12
238
996
0
358
13
21
196
139
2,599
n
(DD)
()
219
99
14
2,162
14,766
7,457
1,566
5,891
7,309
2,435
1,432
3,442
1,492
795
19,429
1,253
367
2,047
1,964
2
1,963
915
768
4,027
1,801
719
1,082
2,339
3,948
2,357
75
23
22
(D)
0
2,731
210
128
100
R
R
10,653
2,211
1,008
871
641
1,036
1,233
788
688
2,176
1,565
(D)
6
69
59
74
110
6
(D)
219
2,967
1,091
152
509
(D)
304
182
8,899
1,416
4,621
930
1,932
554
2,215
(D)
1,688
463
3,712
22
6,496
1,817
3,394
R
n
SI
(D)
193
145
48
69
34
9
()
D
(D)
4,139
(D)
791
i£
R
1,115
278
129
150
837
9,018
2,129
479
1,650
6,889
1,217
(D)
?
R
R
R
R
697
109
91
1,237
453
175
%
fl
R
«
212
428
148
56
92
458
19
(D
R^
2,265
718
22
696
1,547
n
785
75
(D)
1,618
999
227
772
1,303
(D)
United
States
Total
Australia
131,338
(2)
Primary and fabricated metals
Primary metal industries
Ferrous
Nonferrous
Fabricated metal products
Other manufacturing
Textile products and apparel
Lumber, wood, furniture, and fixtures
Paper and allied products
Printino and oublishina
Newspapers
Other
Rubber products
Miscellaneous plastics products
Stone, clay, and glass products
Transportation equipment
Motor vehicles and equipment .
Other transportation equipment
Instruments and related products
Other
Switzerland
36,562
9,718
1,824
7,894
Chemicals and allied products
Industrial chemicals and synthetics
Drugs
.
Soap, cleaners, and toilet goods
Other
Netherlands
Of which:
Middle
East
226,031
(1)
All industries
Germany,
Federal
Republic
of
(11)
1,192
(12)
4,189
(14)
(13)
7,326
31,433
2,249
R
(D)
96
823
(D)
(D)
31
0
31
(D)
0
(D)
564
309
14,139
1,706
10,746
423
44
39
0
39
0
0
0
(D)
(D)
535
R
8
373
135
238
(D)
0
(D)
421
0
0
0
0
0
27
0
14
13
0
(D)
10
0
-5
11
3
747
530
119
57
42
-1
1
0
0
-2
8
(D)
67
2,368
2,044
1,830
214
324
R
n
44
^
R( )
D
29
(D)
6
3
3
(D)
D
!
0
-1
0
1,526
30
0
4
26
3
23
0
16
D
( )
0
-1
67
(D)
r]
R( )
R
(D)
3,272
2,876
1,968
908
396
58
46
9
37
11
11
0
0
4,175
2,927
873
2,054
1,248
(D)
768
(D)
224
23
0
23
200
(D)
27
(D)
2,991
1,986
790
1,195
1,005
86
718
202
160
4,845
237
80
485
0
(D)
0
(D)
0
4,267
226
34
338
(D)
D
(D)
2
403
0
0
0
4
0
879
824
825
-1
122
101
0
21
0
0
0
2
0
2
0
0
10,349
3,772
1,437
618
2,859
763
406
76
248
171
170
32
-1
0
0
23
0
2
0
113
418
40
43
25
0
0
R
R
( )
(D
D
0
(D)
(
R
3
(DD
^
()
(
-°7
(D)
0
(D
l
0
0
0
0
0
0
0
0
0
0
D0
n
,
i
£2n
210
D
0
0
0
0
2
0
2
0
0
1,293
714
825
()
192
-110
1
()
n
2,881
(D)
196
79
117
(D)
544
264
31
1,388
528
14
1
8
5
103
40
36
13
310
203
0
0
38
0
(D)
0
(D)
D0
66
14
22
-2
22
5
0
4
0
0
10,744
3,788
1,445
678
2,886
767
443
81
252
403
162
9
0
5
0
345
(D)
0
1,276
(D)
11
(D
(D)
0
1
456
%
277
649
R
1,105
(D)
(D)
214
110
1,208
1,341
321
924
381
1,662
°l
61
R
R
R
(15)
41,911
(D)
135
(
Japan
D
( )
()
o>
0
D0
153
105
(
i
1
(D)
S
n
(D)
185
(D)
0
0
n
R
(Dj
10
0
(21D)
()
(D)
34
349
1
992
6,206
(°)
6,104
96
(D)
-5
2
223
77
65
n
n
6,226
2,494
1,431
26
225
382
83
588
120
16
544
1,565
96
1,343
56
Services
Hotels and other lodging places
Business services
Computer and data processing services
Other business services
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
Accounting, research, management, and related
services
Health services
Other services
12,714
1,774
6,007
1,485
4,523
698
1,120
775
41
170
(D)
796
52
562
358
204
673
5
46
42
4
305
11
261
251
9
1
19
1,091
25
646
53
558
(D)
(D)
550
0
1,158
891
166
10
156
10
7
58
1
6
3
0
0
0
0
0
1,945
1,053
350
28
321
( )
4,365
333
2,650
238
2,412
299
153
447
(D)
-11
R( )
8,836
484
4,909
1,165
3,744
269
685
590
570
1,953
18
(
530
34
0
(D)
13
0
0
46
0
5
426
105
399
-9
0
51
2
0
0
0
0
11
43
0
41
0
0
( )
Other industries
Agriculture forestry and fishing
Mining
Coal
Other
Construction
Transportation
Communication and public utilities
15,764
694
3,229
585
2,644
3,045
7,563
1,233
4,381
13
(D)
232
(D)
2,889
99
1,566
228
1,339
548
521
154
Rn
2
-2
210
19
(D)
(D)
0
23
(D)
1,219
190
(D)
0
-1
0
. .
* Less than $500,000 (±).
D
Suppressed to avoid disclosure of data of individual companies.
UBO Ultimate beneficial owner
D
S
SI
350
2,294
D
( )
5,698
314
1,884
391
1,493
2,016
1,037
447
fl
918
35
T( )
D
548
a
n
121
8
R
927
68
(D)
3
583
123
(D)
5
0
29
20
0
R( )
D
4
D
1
0
84
78
(D)
0
n
n
75
21
n
n0
1
3
0
n
-12
D0
()
n
49
fl
5,161
<»)
256
1
255
655
3,973
(D)
n8
(D)
T
o
n
22
3,477
0
25
1
24
D
( )
3,318
(D)
(D
o>
(D)
321
475
(D)
1
27
1
3
D
-1
0
(D)
SURVEY OF CURRENT BUSINESS
J2 • November 1992
Table 2.4.—Gross Product of U.S. Affiliates, Industry of Affiliate by Country of UBO, 1990
[Millions of dollars]
Africa
United
Kingdom
(9)
(10)
Of which:
Canada
Total
France
(2)
Petroleum
Petroleum and coal products manufacturing
Other
Chemicals and allied products
Industrial chemicals and synthetics ...
Drugs
Soap cleaners and toilet goods
Other
Switzer}.. land
Of which:
(12)
(4)
(5)
(6)
(7)
(8)
140,056
14,562
24,270
18,739
15,128
52,622
8,322
1,377
3,175
46,973
26,828
20,451
6,377
1,354
(DD)
( )
20,939
18,913
17,017
1,895
(D)
(D)
(D)
134
26
108
(DD)
( )
287
140
13
127
8,278
(D)
(D)
2,905
463
2,442
460
0
460
1,966
920
8
n
(D)
75,016
8,834
14,215
6,024
10,706
27,213
2,595
562
194
18,810
8
7,946
590
7,356
709
361
348
103
29
74
633
0
633
(D)
4,131
198
3,934
28
6,893
5,251
248
1,171
223
2,566
10,849
1,929
8,921
37,286
23,740
8,815
3,532
1,200
(3)
780
n
34
25,017
12,542
8,196
3,351
928
1,480
8
17
36
(D)
a
4,390
46
4,054
(D)
8
8,559
4,615
3,261
(D)
(D)
8
416
1
0
1,761
1,452
483
969
310
7,640
2,221
758
1,463
5,419
2,526
(D)
228
(D)
(D)
1,244
300
118
182
944
475
0
0
0
475
572
452
12
440
120
1,999
489
31
458
1,510
Machinery
Machinery, except electrical
Office and computing machines
Other
Electric and electronic equipment
Audio, video, and communications equipment ....
Electronic components and accessories
Other
22,910
9,654
3,025
6,629
13,256
4,899
2,234
6,123
2,577
295
24
271
2,282
(D)
57
(D)
14,902
5,532
946
4,586
9,370
2,768
1,296
5,306
1,117
386
(D)
(D)
45
3,553
1,851
456
1,394
1,702
366
294
1,042
(D)
(D)
37
(D)
(D)
(D)
131
16
2,726
(D)
(D)
990
(D)
142
3,050
915
(D)
(D)
2,135
(D)
658
(D)
Other manufacturing
Textile products and apparel
Lumber wood furniture and fixtures
Paper and allied products
Printing and publishing
Newspapers
Other
Rubber products
Miscellaneous plastics products
Stone clay and glass products
Transportation equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Other
31,733
2,058
855
3,078
5,458
4,521
353
84
386
2,764
(D)
19,511
1,193
557
2,103
2,326
(D)
(D)
1,521
890
3,879
1,842
602
1,241
2,863
2,336
3,002
84
33
20
2,924
231
130
100
(D)
16
0
(D)
1,134
142
0
9
27
3
23
0
26
(D)
1,815
(D)
8
3,285
1,303
5,903
3,853
2,640
1,213
3,205
2,736
8
8
201
268
H
48
R
T(°)
(°)
118
1,112
398
271
167
1
8
200
488
196
104
92
481
16
«3
(D)
0
0
0
0
0
()
15,451
8,276
4,568
3,707
7,176
£
°u
(D)
8
S
Primary and fabricated metals
Primary metal industries
Ferrous
Nonferrous
Fabricated metal products
n
44
(11)
(
(D)
(D)
0
-1
0
D
0
0
0
29
0
8
0
D
()
(D)
12
0
-4
10
6
1,212
724
222
87
180
r]
1
1
0
0
1
(D
48
0
0
0
0
0
0
0
0
0
0
0
0
48
0
8
6,401
351
212
514
326
970
0
5,322
339
57
330
(D)
(DD)
()
0
66
()
_-J
9
0
2,630
122
281
171
91
30
666
364
45
860
647
7
-4
-6
15
130
146
40
1
318
250
0
D0
(D)
D0
5
0
4
(D)
(D)
0
402
8
86
264
6
0
0
0
6
i
0
0
0
0
n
326
0
()
11,545
4,112
1,214
627
3,466
760
495
148
209
513
242
(D)
0
1
0
2
32
0
(D)
0
1
D0
850
(D)
(D)
162
550
25
(D)
-10
l
(D0)
0
9,783
512
5,896
1,147
2,228
593
(D)
198
53
(D)
3,837
(D)
3,280
(D)
(D)
1,419
(D)
(D)
247
fl
1,761
72
(D)
555
(D)
Finance except banking
6,183
777
1,885
81
180
80
763
996
634
-1
20
2,779
Insurance
8,670
2,505
4,444
41
282
1,048
618
2,097
(D)
0
8
227
()
D
D
( )
187
1,223
1,702
1,770
-68
222
(D)
{D
5,603
(D)
(D)
640
1,238
( 0)
(D6)
8( )
0
2
549
0
0
0
4
(D)
D
16,772
3,431
6,894
2,036
4,411
H
115
506
167
339
21
7
0
7
15
1
13
1
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores
Other
1
15,030
186
(D)
(D)
4,289
3,014
1,855
1,159
1,275
169
808
299
398
227
2,239
280
23
0
23
257
46
(D)
(D)
11,490
2,856
1,162
969
532
805
1,243
1,254
667
2,002
[
311
0
311
5,194
3,628
1,983
1,645
1,566
(D)
860
(D)
()
951
29
8
(D)
-12
127
37
(D)
(D)
245
69
8
83
61
34
28
22
22
-1
0
R
RD
25,110
7,032
2,405
1,883
4,001
1,923
1,927
1,552
878
3,508
155
61
42
123
(D)
372
316
136
0
0
0
0
0
1,059
0
498
6
25
171
100
9
(D)
(D)
(D)
2,298
37
3
34
3,701
3,361
3,155
206
339
Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplies
Metals and minerals except petroleum
Electrical goods
Machinery, equipment, and supplies
Other durable goods
Groceries and related products
Farm-product raw materials
Other nondurable goods
3,899
1,910
195
411
(15)
35,332
9
(D)
(D)
698
1
115
41
5
70
66
80
15
307
0
-1
1
(14)
7,944
790
17
314
19
19
0
330
109
®
'i
97
210
(13)
4,668
4,198
3,324
873
471
28
(D)
(D)
0
(D)
1
1
T
8
n
(D)
720
nD
()
218
Australia
Japan
0
0
D0
T
8,970
659
365
506
1,256
(D)
(D)
(D)
388
1,492
921
144
778
1,495
(D)
(D)
59
13
United
States
Total
38,982
118,230
Food and kindred products
Beverages
Other
Netherlands
Middle
East
241,182
0)
All industries
Germany 1
Asia and Pacific
Latin
America
and Other
Western
Hemisphere
Europe
All countries
n
26
0
fl0
()
fl
n
n
(D)
fl
ffl
672
1,766
1,767
-1
206
132
10,814
4,024
1,192
582
3,354
732
452
100
201
177
572
80
25
n
(D)
<3
0
15
0
0
0
2
0
2
0
12
163
(D)
0
0
51
0
2
0
(D)
(D
l
0
2
D
( )
2,734
89
85
(°)
6,280
1,804
1,386
20
252
384
101
500
138
10
557
2,342
91
2,087
44
Services
Hotels and other lodging places
Business services
Computer and data processing services
Other business services
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
Accounting, research, management, and related
services
Health services
Other services
15,930
2,420
6,977
1,977
5,000
1,849
1,196
968
44
252
84
167
(D)
107
10,350
697
5,703
1,612
4,091
260
1,051
1,118
(D)
607
344
263
365
4
56
48
8
5,401
455
3,226
457
2,769
286
316
135
129
-7
8
-15
0
-1
700
0
2,613
1,119
140
20
121
-87
1
6
4
-1
0
-1
0
0
3,743
1,468
303
42
1,227
12
976
(D)
(D)
4
147
662
60
685
18
383
6
336
328
9
1
26
35
66
17
42
5
37
1
3
459
1,012
2,015
18
(D)
(D)
359
(D)
(D)
83
0
(D)
14
(D)
(D)
13
0
0
53
0
35
184
(D)
(D)
-6
0
11
2
0
0
0
0
14
88
(D)
153
81
(D)
76
0
0
2
Other industries
Agriculture forestry and fishing
Mining .
Coal
Other
Construction
Transportation
Communication and public utilities
17,179
735
4,168
426
3,742
3,325
7,244
1,707
4,080
(D)
784
(D)
(D)
434
2,033
(D)
6,790
358
2,775
372
2,403
1,963
906
788
(D)
44
92
3
89
441
140
(D)
1,107
71
R(
(°)1
(D)
33
1
1
0
(D)
83
(D)
3,746
134
2,041
179
1,862
540
597
434
(D)
85
5
(D)
(D)
34
(D)
5,758
154
(D)
3,881
0
(D)
1
(D)
0
(D19
(D)
890
4,161
(D)
53
3,652
(D)
1,359
134
353
0
353
431
417
24
Real estate
8
-4
674
130
(D)
* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. In the corresponding tables for 1987-89, this column includes only the Federal Republic of Germany. In this
D
40
26
0
a
(
1°)
0
17
19
57
(D)
«Ej
(D)
^
13
1
8
3
n
3
80
n
12
(D)
n0
n0
1°)0
table for 1990, it also includes the former German Democratic Republic (GDR). This change has no effect on the
data because, prior to 1990, there were no U.S. affiliates of the GDR.
UBO Ultimate beneficial owner
SURVEY OF CURRENT BUSINESS
November 1992 • JJ
Table 3.1 .—Gross Product of U.S. Affiliates, Industry by Component, 1987 and 1988
[Millions of dollars]
19 87
Total
Employee
compensation
Profit-type
return
19 38
Net
interest
paid
Indirect
business
taxes
Capital
consumption
allowance
Total
Employee
compensation
Profit-type
return
Net
interest
paid
Indirect
business
taxes
Capital
consumption
allowance
157,869
96,009
14,046
10,572
18,955
18,286
191,728
119,588
13,248
21,001
22,971
Petroleum
Petroleum and coal products manufacturing
Other
18,650
15769
2,881
4,800
3786
1,014
3,853
3390
463
1,100
751
349
5172
4762
410
3725
3080
645
21459
18056
3,403
5970
4257
1,712
3,764
3708
56
1 204
795
409
6,228
5870
357
4,294
3425
870
Manufacturing
75,503
50,758
6,994
4,387
4,937
8,427
90,827
62,373
7,234
6,041
5,103
10,076
6,367
3,889
1,009
2880
246
-89
335
584
266
318
1,141
975
166
507
152
355
7,891
-91
4900
5,075
1 446
3629
167
814
278
536
1,518
1 336
183
575
189
385
15,133
10,241
2709
' 1,517
667
4,282
3,080
775
359
67
1,519
938
287
222
72
1,728
1,544
113
44
27
3,552
2,913
327
189
122
28,272
19156
16,588
10792
5163
3271
2,578
1 375
1,670
856
5,006
3,269
1 134
468
136
1,432
941
211
195
85
1,243
995
154
52
41
4,003
3,160
393
193
257
5752
3,280
1 644
1 636
2472
-28
136
96
40
394
171
114
57
223
243
165
102
63
77
851
544
247
297
307
10399
4,296
2203
2093
2,917
7504
3479
1 658
1 821
4025
1 030
758
313
445
272
701
134
85
50
567
285
199
110
89
86
879
541
254
287
338
12702
4,769
1,846
2922
7,933
3,782
1 376
2,775
10546
3,988
1,588
2399
6,558
2,971
1 136
2,451
-177
447
166
14
152
280
156
44
80
502
199
76
123
304
165
83
56
1 384
490
250
240
893
313
327
253
18047
7599
15024
6066
1 797
4269
8958
3,619
1 558
3,781
-228
847
283
37
246
564
217
94
253
616
255
103
152
361
136
95
130
1 788
656
246
409
1 132
437
314
380
23,007
1,123
523
2,383
15,437
847
301
1,494
2366
367
1 999
943
524
3,413
1,883
1 173
710
2,044
1 622
2,671
54
103
(D)
157
1,443
89
55
269
283
(D)
1,323
25
27
2134
26219
1,504
635
2904
3673
618
3055
18182
1,090
368
1,677
2837
426
1,518
53
172
607
-57
27
-84
2247
173
21
275
450
(D)
H
160
74
579
107
76
31
221
187
1,440
37
21
92
57
6
51
73
37
172
183
158
25
(D)
(D)
2833
152
55
254
386
(D)
H
184
156
774
348
290
58
292
232
10,927
2825
1 206
991
1 461
1,015
745
563
461
1,661
1,143
1 115
-63
22
855
68
78
69
9
89
31
85
184
242
5,200
1 892
368
343
566
287
255
91
103
1 295
1.952
577
180
111
305
124
91
75
244
245
69
1 683
385
713
215
370
1094
2817
7,212
1,441
2735
1 005
2030
8,884
Insurance
All industries
Food and kindred products
Beverages
Other
.
. .
4054
26,215
18,718
Chemicals and allied products
Industrial chemicals and synthetics
Drugs
Soap, cleaners, and toilet goods
Other
.
Primary and fabricated metals
Primary metal industries
Ferrous
Nonferrous
Fabricated metal products
4211
2,331
956
7212
.
.
. ..
Machinery
Machinery, except electrical
Office and computing machines
Other
Electric and electronic equipment
Audio, video, and communications equipment
Electronic components and accessories
Other
*i
2313
.
Other manufacturing
Textile products and apparel
Lumber, wood, furniture and fixtures
Paper and allied products ... .
Printing and publishing
Newspapers
Other
Rubber products
Miscellaneous plastics products
Stone, clay, and glass products
Transportation equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Other
3151
564
2,587
1,118
854
5346
2,432
1 476
956
2587
3490
Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplies
Metals and minerals, except petroleum
Electrical goods
Machinery, equipment, and supplies
Other durable goods .
Groceries and related products
Farm -product raw materials
Other nondurable goods
19,575
6693
1 659
1,572
-163
-74
-82
8
-102
177
-213
-66
(D)
H
-10
146
772
114
-23
137
98
(D)
r69
53
325
122
80
41
121
56
599
-224
(D)
67
6
61
43
22
181
111
96
15
82
(D)
5,266
2281
109
37
211
278
2991
5111
2420
2692
5287
2154
5445
10448
4,144
1 982
4,322
2188
2411
1975
4041
682
3458
1,989
1 197
792
2079
2028
1,641
696
132
106
209
99
75
68
72
185
21,485
6094
1 929
1 649
2934
1 692
1 506
902
834
3944
12,472
2833
1*351
1 058
1 899
1 446
1 038
648
494
1 704
13900
9495
2777
3402
983
2332
109
653
201
149
52
243
218
1 178
5348
1,990
1 236
754
2757
-258
339
-29
369
-567
-266
-79
-223
-204
228
365
-637
-485
-152
(D)
M
1,006
723
-48
67
155
14,919
86
28
160
107
106
46
88
202
298
425
531
157
230
91
86
1 167
296
-76
8
773
346
131
84
211
1,398
275
527
356
909
246
316
136
212
6,907
1,225
314
62
376
9,754
8,175
651
370
71
5,067
2,762
1,681
-219
664
180
6,623
3,613
1,532
387
852
238
Real estate
4830
831
-459
2521
745
1 192
5057
939
-834
27QO
883
1 369
Services
Hotels and other lodging places
Business services
Computer and data processing services
Other business services
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
Accounting, research, management, and related services
Health services
Other services
6,974
1,096
3,285
662
2,623
567
578
572
478
397
5,829
813
2,810
516
2,294
410
619
498
379
300
572
188
169
24
145
227
-13
9
38
-47
271
113
72
27
44
14
18
12
9
34
694
158
206
71
135
60
69
55
26
120
10,873
1,491
5,306
1,698
3,608
511
864
456
542
1,704
8,612
1,091
4,686
1,180
3,505
491
712
367
444
822
-614
-281
840
276
67
11
56
209
-3
73
27
191
389
162
72
15
57
21
37
14
9
73
1,647
243
578
374
205
114
67
47
31
568
Other industries
Agriculture, forestry, and fishing
Mining
Coal
Other
Construction
Transportation
Communication and public utilities
8,025
328
2,277
1,184
1,093
1,797
2,713
910
5,983
224
1,208
698
526
75
114
1
113
37
119
181
441
26
221
157
64
43
108
43
1,143
83
438
217
221
103
254
266
11,749
448
2,520
1,187
1,333
2,109
5,575
1,097
7,939
249
1,209
580
629
1,994
3,837
650
936
95
165
17
148
58
412
206
592
34
282
188
94
45
188
43
1,814
113
465
205
260
115
714
407
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores
Other
Finance, except banking .
D
2217
1,163
1 161
899
771
3,440
.
.
.
10,361
2150
4005
1 388
.
Suppressed to avoid disclosure of data of individual companies.
.
'510
1,758
2,232
561
-144
-215
5
131
65
226
-158
-391
-175
29
24
5
-144
-115
-2
26
-10
-68
-79
297
111
186
-145
-142
1
240'
4140
4996
1418
3346
-254
91
4
-191
459
40
-330
323
-66
113
-98
118
-216
-324
51
-44
31
50
468
^3
399
197
202
-103
424
-209
1586
933
204
146
303
374
353
140
227
487
SURVEY OF CURRENT BUSINESS
54 • November 1992
Table 3.2.—Gross Product of U.S. Affiliates, Industry by Component, 1989 and 1990
[Millions of dollars]
19 39
Total
All industries
Petroleum
Petroleum and coal products manufacturing
Other
Manufacturing
Food and kindred products
Beverages
Other
Employee
compensation
Profit-type
return
19S 0
Net
interest
paid
Indirect
business
taxes
Capital
consumption
allowance
Total
Profit-type
return
Net
interest
paid
Indirect
business
taxes
Capital
consumption
allowance
226031
144,158
9,823
21,256
24,058
26,736
241,182
161,323
-1,233
24,394
25,269
31,429
24,238
19968
4,270
5674
4543
1 131
4521
7980
7238
741
4410
26 828
20 451
6377
6483
5172
1734
4481
4074
2003
1098
1 170
564
8,619
7025
1,594
4,819
3747
774
1,653
1 181
472
109,103
76,448
6,239
8,380
5,727
12,308
118,230
87142
9,742
6,350
13,999
7112
1 236
290
946
1 711
(D)
(D)
1 099
180
918
1 536
4921
1271
384
22
2482
1 620
469
278
116
180
49
36
3872
581
324
144
686
391
56
335
295
1 157
355
188
167
802
565
329
225
104
235
1,467
946
468
477
522
1 205 t
561
197
364
644
221
94
329
847
446
229
217
401
183
114
105
2823
1,232
652
580
1 590
528
466
597
3,689
268
70
387
446
320
132
853
151
89
62
362
313
1,691
55
28
108
100
7
93
140
37
216
381
349
32
H
(D)
1,339
289
58
118
168
96
26
129
209
246
4,735
1 802
310
333
757
387
260
106
106
675
2,997
1 263
185
166
490
138
153
143
101
358
2,056
1 157
279
231
389
1,705
193
642
362
507
1,517
36?
576
215
364
289
3259 '
1 151
6590
1 027
5564
-534
-392
-142
1 203
289
914
1 533
770
763
926
130
796
10849
1 824
7894
Chemicals and allied products
Industrial chemicals and synthetics
Drugs
Soap, cleaners, and toilet goods
Other
32468
21 512
6926
3,374
656
18922
12139
4069
2,296
418
5730
3332
1 338
1 099
174
48
18
4472
37286
23740
502
99
2006
1 327
357
273
49
Primary and fabricated metals
Primary metal industries
Ferrous
Nonferrous
Fabricated metal products .. .
15,654
11 529
4725
1,179
892
301
591
287
1,271
291
111
180
980
425
260
146
114
165
1251
908
433
87
346
475
205
71
198
848
524
133
391
324
133
132
59
9718
6921
3011
.
Employee
compensation
2107
1796
3,910
8733
2,618
6804
Machinery
Machinery, except electrical
Office and computing machines
Other
Electric and electronic equipment
Audio video and communications equipment
Electronic components and accessories
Other
21 739
10,853
18261
8,891
-545
2516
2173
6718
9371
-202
Other manufacturing
Textile products and apparel
Lumber wood furniture and fixtures
Paper and allied products
Printina and oublishina
Newspapers
Other
Rubber products
Miscellaneous plastics products
Stone clay and glass products . . .
Transportation equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Other
29,524
1 828
515
2,959
8337
10,886
4437
2417
4032
4125
648
3,477
2597
1248
6052
3685
2000
3685
21 146
1 368
348
1 802
3350
455
2895
2207
851
2712
4183
2510
1 689
1,023
3267
4,221
1 615
894
2440
2086
23,374
6093
2484
1,856
3,580
14,271
30
232
-575
-51
-178
-346
409
-48
86
393
-400
19
-418
-123
68
116
-763
-767
5
3616
528
255
73
753
346
407
498
1929
8921
8815
3,532
1200
15451
8276
4568
3,707
1 075
6037
23766
14968
5420
2,496
882
11 576
6255
3631
2,624
7176
5321
2267
975
324
651
1 292
465
391
436
22910
9654
3025
6629
13256
4899
2234
20575
6123
2,992
273
18
382
663
102
561
193
126
721
136
97
39
325
155
1583
50
21
91
72
7
64
91
32
190
237
213
24
3,393
183
42
290
440
64
376
229
170
842
591
530
61
311
294
31 733
2058
855
3078
5458
8617
-309
(D)
n
4581
2010
2165
-2540
-1 203
2867
5750
11 958
-1 337
4127
2215
5616
-160
-653
-523
24113
1 463
571
1 930
4345
(D)
-1422
-28
115
225
2980
965
-480
4671
3195
-814
-526
-411
-116
D
1 303
5903
3853
2640
1,213
3205
2736
997
2055
1 141
2528
1 465
-921
-282
-165
(D)
P
3
3662
299
71
429
732
(D)
D
3701
1,118
325
166
977
652
558
94
241
158
1,035
257
24
170
170
-74
227
-74
_5
339
1,071
126
94
86
73
96
29
94
212
262
4,950
1 943
343
343
618
380
292
90
124
818
2,046
748
206
134
306
122
90
85
94
261
25,110
7032
2405
1,883
4,001
1 742
988
956
3573
1 818
1 123
2,413
1 578
1 104
793
531
1 892
1 552
878
3508
2122
16,298
3237
5,593
1 805
5662
11,805
2948
3,706
1 229
3922
-1,272
-1791
376
-3
146
2,195
1 240
259
185
511
2,068
401
792
219
656
1,502
439
461
176
426
16,772
12,374
-«79
3431
2917
6,894
2,036
4620
1 654
-1 199
111
4411
3182
11,820
8,284
1,058
2,010
92
375
6,183
4,821
-691
1,694
71
Insurance
6,496
4,196
1,049
23
928
300
8,670
5,080
1,510
705
1,004
372
Real estate
6,226
1,050
-860
3,175
1,165
1,697
6,280
1,351
-2,034
3,615
1,417
1,932
Services
Hotels and other lodging places
Business services
Computer and data processing services
Other business services
Motion pictures including television tape and film
Engineering architectural and surveying services
Accounting research management and related services
Health services
Other services
12,714
1 774
6,007
1 485
4523
698
1,120
590
570
10,415
-1,358
1,233
409
145
18
126
328
7
33
23
289
520
216
117
37
80
20
49
11
10
97
1,904
357
529
262
267
196
67
63
33
659
15,930
2420
6,977
13,197
-2,192
1815
5,000
1,849
1,196
459
1,012
2,015
4551
-892
-214
-113
-102
-962
1237
-134
1,690
700
213
48
166
477
46
18
16
220
645
282
150
68
81
45
29
11
13
116
2,589
516
745
441
304
600
65
42
45
575
Other industries
Agriculture forestry and fishing .
Mining
Coal
Other
Construction
Transportation
Communication and public utilities
15,764
694
3,229
585
2,644
3045
7,563
1,233
1,516
110
360
-10
370
80
583
383
628
43
220
67
154
74
235
55
2,194
121
705
93
611
161
893
315
17,179
735
4,168
426
3,742
3,325
7,244
1,707
14,577
378
1,990
313
1,678
2,905
8,232
1,071
-2,857
87
616
1,820
103
374
25
349
135
564
644
723
42
275
78
197
90
257
60
2,916
125
912
117
795
195
1,360
324
Wholesale trade
Motor vehicles and equipment
Professional and commercial equipment and supplies
Metals and minerals except petroleum
Electrical goods
Machinery equipment and supplies
Other durable goods
... .
.
Groceries and related products
Farm-product raw materials
Other nondurable aoods
Retail trade
General merchandise stores
Food stores
Apparel and accessory stores .
Other
D
.
..
.
Suppressed to avoid disclosure of data of individual companies.
2102
....
1953
3019
1414
5,446
1 142
4304
733
951
528
469
874
-622
-229
26
-255
-578
45
-45
35
35
12,014
428
1,788
348
1,441
2725
-588
6181
-329
-411
891
-9
156
87
69
. 5
1923
1927
1977
16,298
3663
1745
1247
2,787
1 616
1377
1 160
582
6,083
1 533
1,690
1,064
416
893
-258
16
107
20
-200
-315
111
15
-120
107
-426
-31
-8
-27
46
-107
723
1
-3,169
-392
SURVEY OF CURRENT BUSINESS
November 1992
55
1993 Release Dates for BEA Estimates
Subject
State Personal Income, 3d quarter 1992
Gross Domestic Product, 4th quarter 1992 (advance)
Personal Income and Outlays, December 1992
Release
Date*
Jan. 26
Jan. 28
Jan. 29
Feb. 2
Composite Indexes of Leading, Coincident, and Lagging
Indicators, December 1992.
Gross Domestic Product, 4th quarter 1992 (preliminary) . Feb. 26
Merchandise Trade (balance of payments basis),
4th quarter 1992.
Personal Income and Outlays, January 1993
Composite Indexes of Leading, Coincident, and Lagging
Indicators, January 1993.
Summary of International Transactions, 4th quarter 1992
Gross Domestic Product, 4th quarter 1992 (final)
Corporate Profits, 4th quarter 1992 (preliminary)
Personal Income and Outlays, February 1993
Composite Indexes of Leading, Coincident, and Lagging
Indicators, February 1993.
State Personal Income, 4th quarter 1992 and Per Capita
Personal Income, 1992 (preliminary).
Gross Domestic Product, 1st quarter 1993 (advance)
Corporate Profits, 4th quarter 1992 (revised)
Personal Income and Outlays, March 1993
Mar.
1
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
16
26
26
29
31
Apr. 27
Apr. 29
Apr. 29
Apr. 30
Composite Indexes of Leading, Coincident, and Lagging
Indicators, March 1993.
Metropolitan Area Personal Income, 1991
Gross Domestic Product, 1st quarter 1993 (preliminary) .
Corporate Profits, 1st quarter 1993 (preliminary)
Merchandise Trade (balance of payments basis),
1st quarter 1993.
May
4
May
May
May
May
26
28
28
28
Personal Income and Outlays, April 1993
Composite Indexes of Leading, Coincident, and Lagging
Indicators, April 1993.
Summary of International Transactions, 1st quarter 1993
Gross Domestic Product, 1st quarter 1993 (final)
Corporate Profits, 1st quarter 1993 (revised)
June
June
June 15
June 30
June 30
* These are target dates and are subject to revision.
The dates for June, July, and August are especially tentative because
BEA will move to a new location during that time period.
If the move necessitates changes in release dates,
BEA will provide as much notice as is possible.
Subject
Release
Date*
Personal Income and Outlays, May 1993
Composite Indexes of Leading, Coincident, and Lagging
Indicators, May 1993.
State Personal Income, 1st quarter 1993
Gross Domestic Product, 2d quarter 1993 (advance)
Personal Income and Outlays, June 1993
July
July
1
2
July
July
July
22
29
30
Composite Indexes of Leading, Coincident, and Lagging
Indicators, June 1993.
State Per Capita Personal Income, 1992 (revised) ...
Merchandise Trade (balance of payments basis),
2d quarter 1993.
Aug.
3
Gross Domestic Product, 2d quarter 1993 (preliminary) .
Corporate Profits, 2d quarter 1993 (preliminary)
Personal Income and Outlays, July 1993
Composite Indexes of Leading, Coincident, and Lagging
Indicators, July 1993.
Summary of International Transactions, 2d quarter 1993
Gross Domestic Product, 2d quarter 1993 (final)
Corporate Profits, 2d quarter 1993 (revised)
Personal Income and Outlays, August 1993
Aug. 24
Aug. 30
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
14
29
29
30
Composite Indexes of Leading, Coincident, and Lagging
Indicators, August 1993.
State Personal Income, 2d quarter 1993
Gross Domestic Product, 3d quarter 1993 (advance)
Personal Income and Outlays, September 1993
Oct.
1
Composite Indexes of Leading, Coincident, and Lagging
Indicators, September 1993.
Nov.
2
Gross Domestic Product, 3d quarter 1993 (preliminary) ..
Corporate Profits, 3d quarter 1993 (preliminary)
Merchandise Trade (balance of payments basis),
3d quarter 1993.
Personal Income and Outlays, October 1993
Composite Indexes of Leading, Coincident, and Lagging
Indicators, October 1993.
Summary of International Transactions, 3d quarter 1993 .
Gross Domestic Product, 3d quarter 1993 (final)
Corporate Profits, 3d quarter 1993 (revised)
Personal Income and Outlays, November 1993
Composite Indexes of Leading, Coincident, and Lagging
Indicators, November 1993.
Dec.
Dec.
Dec.
1
1
1
Dec.
Dec.
2
3
Dec.
Dec.
Dec.
Dec.
Dec.
14
22
22
23
29
Oct. 21
Oct. 28
Oct. 29
For further information, call (202) 523-0777, or write to
Public Information Office (BE-JJ), Bureau of Economic Analysis,
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SURVEY OF CURRENT BUSINESS
November 1992
BUSINESS
CYCLE
C-l
INDICATORS
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.
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NOTE.—This section of the SURVEY is prepared by the Business Cycle Indicators Branch.
Series
no.
Year
Series title and timing classification
1991
1991
Sept. | Oct.
1992
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
June
May
Aug.
July
Sept.
Oct.*
1. COMPOSITE INDEXES
The Leading Index
910*
Composite index of leading indicators, 1982=100 (L.L.L) ....
Percent change from previous month
Percent change over 3-month span AR . ..
•
Leading index components:
1*
Average weekly hours mfg (L L L)
Average weekly initial claims for unemployment
5*
insurance, thous. (L,C,L) ' $•
Mfrs.' new orders, consumer goods and materials,
8*
bil.1982$ (L,L,L).
32*
Vendor performance, slower deliveries diffusion index,
percent (L,L,L).
20 •
Contracts and orders for plant and equipment, bil. 1982$
(L,L,L).
Index of new private housing units authorized by local
29*
building permits, 1967=100 (L.L.L).
92*
Change in mfrs.' unfilled orders, durable goods, bil.
1982$, smoothed (L,L,L)t.
99*
Change in sensitive materials prices, percent, smoothed
(L,L,L)t.
Index of stock prices, 500 common stocks, 1941-43=10,
19*
NSA (U,L).
Money supply M2 bil 1982$ (LLL)
106*
Index of consumer expectations,
U. of Michigan,
83*
1966:1=1 00, NSA (L,L,L)©2.
Diffusion index of 11 leading indicator components:
950
Percent rising over 1 -month span
Percent rising over 6-month span
*
The Coincident Index
Composite index of coincident indicators, 1982=100 (C,C,C)
Percent change from previous month
Percent change over 3-month span AR
•
Coincident index components:
41 *
Employees on nonagricultural payrolls, thous. (C,C,C) ....
Personal income less transfer payments, bil. 1987$, AR
51 •
(C.C.C).
47*
Index of industrial production, 1987=100 (C.C.C)
57*
Manufacturing and trade sales, mil. 1982$ (C.C.C)
Diffusion index of 4 coincident indicator components:
951
Percent rising over 1-month span
•
Percent risina over 6-month span
920*
143.4
.3
4.1
145.0
-1
0
145.2
.1
-.8
144.9
-.2
-.8
144.7
-.1
3.1
146.3
1.1
6.8
147.3
.7
9.1
147.9
.4
5.6
148.3
.3
5.3
149.2
.6
2.5
148.8
-.3
'22
'149.1
'.2
-1.6
148.6
-.3
'-.8
"148.5
r
-1
'0
'149.1
P .4
40.7
444
40.9
435
40.9
422
40.9
436
41.0
435
40.9
424
41.1
427
41.1
431
41.1
414
41.3
415
41.0
429
41.0
412
41.0
437
'40.9
454
'41.1
392
1,048.27
91.06
90.62
89.73
85.92
88.10
89.08
88.61
90.19
89.75
90.78
91.47
"89.97
'90.41
'91.43
47.3
49.4
50.3
50.6
49.5
48.0
48.7
49.5
47.4
49.9
50.6
52.3
50.7
51.9
48.9
489.50
38.97
41.91
43.77
37.01
42.94
42.98
-45.21
'44.43
'44.30
'46.45
'45.57
'4622
'47.52
75.5
111
79.3
78.1
85.6
88.2
91.4
87.2
84.4
84.1
82.3
86.1
85.8
89.7
90.8
-1.31
-.99
-2.22
-2.54
-2.75
-2.97
'-3.17
'-3.46
'-3.19
r
-1.15
-1.41
-1.73
-1.85
-2.63
-2.73
-45.15;
-.65
-.75
-.82
-.72
-.53
-.39
-.21
.17
.56
.81
.85
.71
.50
.30
-.05
376.18
387.20
386.88
385.92
388.51
416.08
412.56
407.36
407.41
414.81
408.27
415.05
417.93
418.48
412.50
2,409.6
70.3
2,401.1 ' 2,400.2 ••2,401.4 ' 2,402.1
76.4
61.5
70.5
61.9
"2,405.8 -2,417.8 '2,405.3 '2,397.4 '2,395.2 '2,382.7 '2,377.9 '2,377.8 '2,380.0 '2,380.2
67.4
70.7
67.6
69.5
67.5
70.3
70.5
71.2
59.1
61.8
50.8
61.7
40.9
63.6
45.5
36.4
36.4
63.6
50.0
72.7
63.6
59.1
72.7
'68.2
40.9
68.2
45.5
63.6
45.5
54.5
36.4
'54.5
50.0
'59.1
36.4
'54.5
124.5
-.3
-3.1,
124.6
0
-1.3
124.6
0
-2.9
123.7
-.7
-4.1
123.3
-.3
-5.7
122.8
-.4
-1.0
123.4
.5
.3
123.4
0
2.0
123.4
0
0
123.4
0
-.3
123.3
-.1
1.3
123:8
.4
'-.6
'1232
'123.0
108,310
3,382.2
108,293
3,379.1
108,285
3,384.5
108,139
3,372.1
108,154
3,399.0
108,100
3,372.5
108,142
3,388.7
108,200
3,386.0
108,377
3,377.6
108.496
3,380.7
108,423
3,377.3
108.4
108.4
107.1
5,626,626 '474,514 ' 475,838
108.1
473,830
107.4
466,626
106.6
474,654
107.2
478,523
107.6
479,892
108.1
481,019
108.9
478,395
'109.4
"108.7
'109.0
108.5
484,377 '489,758 '483,585 '488,889
'-1.0
3
'68.2
3
123.5
3
.4
-1.0
108,594 '108,485 '108,413 '108,440
'3,374.4 "3,389.1 "3,3812 '3,402.6
47.9
44,8
75.0
50.0
75.0
0
0
50.0
37.5
50.0
37.5
50.0
87.5
100.0
75.0
75.0
75.0
100.0
75.0
-87.5
25.0
'75.0
Composite index of lagging indicators, 1982=100 (Lg,Lg,Lg)
Percent change from previous month
Percent chance over 3-month span AR
•
Lagging index components:
Average duration of unemployment, weeks (Lg,Lg,Lg) * .
91*
Ratio, mfg. and trade inventories to sales in 1982$
77*
(Lg,Lg,Lg).
Change in labor cost per unit of output, mfg., percent,
62*
AR, smoothed (Lg,Lg,Lg) t.
Average prime rate charged by banks, percent, NSA
109*
115.1
-.6
-7.6
111.6
-.9
-8.2
111.3
-5.2
111.1
-.2
-2.8
110.8
-.3
-6.3
109.5
-1.2
-9.4
108.4
-1.0
-9.7
108.0
-.4
-7.1
107.5
-.5
-7.5
106.3
-1.1
'-9.6
13.8
1.46
142
'1.44
14.6
1.43
14.9
1.44
15.3
1.47
16.4
1.44
17.0
1.42
17.1
1.42
17.0
1.42
3.1
-2.2
-.9
-.5
1.6
1.7
1.1
.3
8.46
8.20
8.00
7.58
7.21
6.50
6.50
6.50
Commercial and industrial loans outstanding, mil. 1982$
(Lg,Lg,Lg).
Ratio, consumer installment credit outstanding to
personal income, percent (Lg.Lg.Lg).
Change in Consumer Price Index for services, percent,
AR, smoothed (Lg.Lg.Lg) tDiffusion index of 7 lagging indicator components:
Percent rising over 1 -month span
Percent rising over 6-month span
Ratio, coincident index to lagging index, 1982=100 (L,L,L) .
385,475
374,562
373,050
372,429
369,110
366,724
368,222
368,053
366,095
15.13
14.96
14.91
14.89
14.72
14.74
14.60
14.52
14.43
14.36
14.35
14.30
'1426
'1422
4.6,
3.9
4.0
4.1
4.3
4.3
4.1
4.2
4.2
3.9
3.6
3.4
3.2
2.9
29.2
15.5
108.3
14.3
28.6
111.6
35.7
42.9
111.9
42.9
28.6
111.3
42.9
28.6
35.7
28.6
112.1
21.4
0
35.7
0
35.7
0
114.8
14.3
7.1
116.1
7.1
0
28.6
20.0
"42.9
"214
"118.1
"117.4
"117.9
'109.0
3
'75:0
100.0
25.0
'25.0
'105.3
'-.9
'-9.7
'104.8
-.5
'-5.2
"104.9
".1
'-3.7
'104.3
"-.6
4
1.1,
18.3
1.42
18.6
1.41
18.3
1.40
18.2
1.42
18.3
'1.40
-.4
-1.1
'-1.6
'-22
'-22
'-1.2
'.3
6.50
6.50
6.50
6.02
6.00
6.00
6.00
3
83.3
The Lagging Index
930*
101 *
95*
120*
952
*
940*
NOTE —The following current high values were reached before Sep tember 199 1: Novemt er 1983— E3CI-32 (67.5)
and BC -99 smoothed (2.09); February 1984-BCI-29 (158.5); Marcri 1984-BCI-83 (97.7 and BCI- 92 smooth 3d
(4.61); August 1984-BCI-109 (13.00); March 1986-BCI-77 (1.58); July 1987-BCI-5 (286); May 1988-BC1-106
(2,473.4); December 1988-BCI-8 (100.42); June 1989-BCI-91 (11.1); September 1989-BCI-95 (16.05); November
111.3
113.8
114.3
4
105.1
4
.8
194
361,479 "354,601 "356,837 '356,690 "353,230 '359,776
'117.1
4
3.3
4
70.0
'117.5
1989--BCI-930 (121.4); D ecember 1 989-BCI-2 0 (48.56); April 19<)0— BCI-51 (3,484.8): June 19S 0— BCI-41
(110, 304) and B CI-920 (132 .4); July 1 390-BCM 01 (409,65()); August 1990-BCI- 57 (489,99f 5); Septemt er 1990-
BCI-47 (110.6) and BCI-120 smoothed (6.6); and March 1991-BCI-62 smoothed (8.9).
See page C-6 for other footnotes.
SURVEY OF CURRENT BUSINESS
C-2 • November 1992
441
442
451
452
453
1•
21 *
5*
46*
60
484
42
41 •
963'
40*
90 •
37
43*
45
91*
44
Labor force:
Civilian labor fores thous
Civilian employment, thous
Civilian labor force participation rates (percent):
Males 20 years and over .
Females 20 years and over
Both sexes 16-19 years of age
Marginal employment adjustments:
Average weekly hours, mfg. (L,L,L)
Average weekly overtime hours mfg (L C L)
Average weekly initial claims for unemployment
insurance, thous. (L,C,L)l *.
Job vacancies:
Index of help-wanted advertising, 1967=100 (L,Lg,U)
Ratio, help-wanted advertising to unemployed (L,Lg,U) ...
Employment:
Employee hours in nonagricultural establishments,
bil. hours, AR(U,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 (U,Lg,U).
Unemployment:
Number of persons unemployed, thous. (L,Lg,U) t
Civilian unemployment rate, percent (L.Lg.U) ?
Average weekly insured unemployment rate, percent
(L,Lg,U)2*.
Average duration of unemployment, weeks (Lg.Lg.Lg) *
Unemployment rate, 15 weeks and over, percent
(Lg.Lg.Lg)?.
125303
116,877
125590
117,089
125508
116,867
125374
116,772
125619
116,728
126046
117,117
126287
117,043
126,590
117,348
126830
117,675
127,160
117,656
127549
117,574
773
775
772
771
770
770
775
57.8
51.7
57.7
51.4
57.9
51.1
58.2
51.6
58.5
50.5
58.5
49.9
77.9
58.3
51.2
777
57.8
51.5
77.1
58.2
52.1
773
57.9
51.7
58.6
51.8
40.7
40.9
40.9
40.9
41.0
40.9
41.1
41.1
41.1
41.3
3.6
444
3.7
435
3.7
422
37
436
37
435
3.6
424
3.7
427
38
431
3.9
414
4.1
415
92
'90
'.310
.308
93
.330
.322
89
90
.301
85
.283
89
.286
93
.299
90
.292
93
.291
127437
117,737
127273
117,701
126,959
117,625
77.5
58.8
50.9
775
77.3
58.2
52.9
773
41.0
41.0
41.0
38
429
3.8
412
37
437
92
.274
127532
117,772
91
.277
58.5
51.1
93
.285
58.1
50.5
'40.9
3.5
454
'41.1
'90
'.280
'92
'.293
'3.8
392
199.67
200.22
199.68
199.74
200.14
199.45
201.05
200.64
200.12
201.07
200.10
199.92
'200.86
'199.23
'200.08
113,644
113,806
113,663
113,500
113,545
113,951
113,811
114,155
114,465
114,478
114,322
114,568
114,519
114,459
114,465
108,310
108,293
108,285
108,139
108,154
108,100
108,142
108,200
108,377
108,496
108,423
108,594 '108,485 '108,413 '108,440
45.0
39.6
500
469
23,755
435
23,704
23,527
479
506
23,525
475
497
23,532
51 1
23,530
23,548
23,830
471
46.1
46.8
440
23,613
46.9
434
23,584
47.8
58.4
51.4
'473
45.2
''492
23,470
49.6
'420
'42.6
''48.7
'50.0
23,459
'23,362
'23,307
'23,271
61.6
61.6
61.4
61.3
61.2
61.4
61.3
61.4
61.6
61.5
61.4
61.5
61.4
61.3
61.2
8,426
6.7
3.1
8,501
6.8
3.1
8,641
6.9
3.1
8,602
6.9
3.1
8,891
7.1
3.1
8,929
7.1
3.2
9,244
7.3
3.1
9,242
7.3
3.1
9,155
7.2
3.2
9,504
7.5
3.1
9,975
7.8
3.1
9,760
7.7
3.2
9,700
7.6
3.0
9,572
7.5
3.0
9,334
7.4
2.9
13.8
14.2
14.6
14.9
15.3
16.4
17.0
17.1
17.0
18.3
18.6
18.3
18.2
18.3
19.4
2.4
2.5
2.6
2.9
2.8
2.7
2.8
'108.7
'108.1
'111.2
'110.3
'109.0
'108.8
'111.2
'110.8
1.9
1.9
2.0
2.1
2.3
2.5
2.4
2.8
3. OUTPUT, PRODUCTION, AND CAPACITY UTILIZATION
50
49
Output:
Gross domestic product, bil. 1987$, AR (C,C,C}
Percent change from previous quarter, AR
Gross national product bil 1987$ AR (CCC)
Value of domestic goods output, bil. 1987$, AR (C.C.C)
47*
73*
74*
754
Industrial production indexes, 1987=100:
Total (C,C C)
Durable manufactures (C C C)
Nondurable manufactures (C L L)
Consumer goods (C,L,C)
55*
124
824
Capacity utilization rates (percent):
Total industry (L C U)
Manufacturing (L,C,U)
4,873.7
2.9
48907
1,924.0
4,838.5
6
4,848.2
1,915.7
4,821.0
-1.2
4,836.4
1,911.2
'4,939.4
48924
1.5
48991
1,936.7
'3.9
"4,949.0
'1,973.5
107.1
107.1
107.9
107.5
108.4
108.4
109.6
109.4
108.4
108.2
110.1
109.7
108.1
107.8
109.6
110.0
107.4
107.1
109.5
109.1
106.6
105.8
109.5
108.1
107.2
107.0
109.6
108.8
107.6
107.0
110.4
109.3
108.1
107.6
110.7
110.1
108.9
109.1
110.9
110.8
108.5
108.5
111.0
109.6
'109.4
109.0
'111.7
'110.4
79.4
78.2
79.9
78.8
79.8
78.7
79.3
78.2
78.7
77.7
78.0
77.0
78.3
77.4
78.4
77.5
78.7
77.7
79.1
78.2
78.6
77.8
79.1
78.7
78.4
'78.1
'77.8
'77.3
'109.0
109.0
'111.1
'110.4
'78.5
'77.4
4. SALES, ORDERS, AND DELIVERIES
574
594
74
84
924
324
Sales:
Manufacturing and trade sales, mil. 1982$ (C.C.C)
Sales of retail stores, mil. 1982$ (U L U)
Orders and deliveries:
Mfrs.' new orders, durable goods, bil. 1982$ (L.L.L)
Mfrs.' new orders, consumer goods and materials,
bil. 1982$ (L.L.L).
Mfrs.' unfilled orders, durable goods, mil. 1982$ 0
Change from previous month bil 1982$
Change from previous month, bil. 1982$, smoothed
(L,L,L)t.
Vendor performance, slower deliveries diffusion index,
percent (L,L,L).
5,626,626 '474,514 '475,838
1 456 924 '121 603 '121 852
473,830
121 046
466,626
121 289
474,654
124356
478,523
125 395
479,892
123531
481,019
123932
478,395
124305
484,377 '489,758 '483,585 '488,889
124205 125514 '125389 '125942 '126989
1,145.58
1,048.27
94.89
91.06
97.83
90.62
97.76
89.73
92.39
85.92
95.63
88.10
95.19
89.08
96.92
88.61
98.62
90.19
96.46
89.75
'99.09
90.78
392,358
-1 59
-1.31
399,487
397,414
395,078
392,358
391,162
-1 20
-1.85
387,088
384,088
382,275
-1 81
-2.63
379,305
376,850
47.3
-443
-.99
-207
-234
-272
-1.15
-1.41
-1.73
49.4
50.3
50.6
49.5
48.0
-407
-300
-2.22
-2.54
48.7
49.5
47.4
-297
-246
-2.73
-2.75
49.9
50.6
96.43
91.47
'96.04
'89.97
'96.30
'90.41
'100.02
'91.43
372,579 '369,071 '364,571 '364,451
' 12
'-450
'-351
-427
'-3.17
-2.97
'-3.46 '-3.19
52.3
50.7
51.9
48.9
5. FIXED CAPITAL INVESTMENT
124
134
10
204
274
94
11
97
61
1004
Formation of business enterprises:
Index of net business formation, 1967=100 (L,L,L)
Number of new business incorporations (L L,L)
Business investment commitments:
Contracts and orders for plant and equipment, bil.$
(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).
Construction contracts awarded for commercial and
industrial buildings, mil. sq. ft.(L,C,U) © 3.
New capital appropriations mfg bil $ (U Lg.U) . .
Backlog of capital appropriations, mfg., bil.f (C,Lg,Lg)0 .
Business investment expenditures:
New plant and equipment expenditures by business
bil.$, AR (C.Lg.Lg).
New plant and equipment expenditures by business
bil.1987$,AR(C,Lg,Lg).
115.3
629,901
115.4
52284
115.3
53,892
115.9
54165
115.1
52898
116.9
57469
115.7
55065
405.80
32.25
'33.53
35.94
29.81
33.83
33.94
35.72
34.86
33.41
34.48
32.88
'32.11
'33.80
'35.30
489.50
38.97
'41.91
43.77
37.01
42.94
42.98
'45.21
'44.43
'44.30
'46.45
'45.15
'45.57
'46.22
'47.52
115.0
54462
'112.9
48673
'117.0
'58718
'116.8
116.9
'118.6
452.63
36.24
38.70
41.50
34.75
39.97
39.42
'42.39
'40.51
'41.98
'43.67
'42.35
'42.48
'43.68
'44.41
532.30
33.96
52.08
39.50
39.94
39.37
46.93
41.43
41.60
35.27
43.73
40.13
42.92
36.48
47.91
12987
95.51
'31.90
'95.51
97.76
52839
52987
53572
54091
"56516
48858
49336
50020
50599
"530.64
NOTE—The following current high values were reached before September 1991: November 1983—BCI-32 (67.5);
March 1984-BCI-92 change (8.67) and BCI-92 smoothed (4.61); September 1985-BCI-9 (93.19); December 1986BCI-13 (65,691); July 1987-BCI-5 (286); November 1987-BCI-46 (162); December 1988-BCI-7 (115.84), BCI-8
(100.42), and BCI-60 (0.736); January 1989—BCI-40 (25,411) and BCI-82 (85.1); March 1989—BCI-12 (126.5), BCI37 (6,189), and BCI-43 (5.0); 1st Q 1989-BCI-11 (50.01); April 1989-BCI-124 (85.0); May 1989-BCI-45 (2.0);
115.7
57403
June 1989-BCI-44 (1.0) and BCI-91 (11.1); 2d Q 1989-BCI-97 (117.90): December 1989-BCI-10 (43.89) and
BCI-20 (48.56); March 1990-BCI-90 (63.1); April 1990-BCI-92 level (415,789); May 1990-BCI-42 (115,095); June
1990—BCI-41 (110,304) and BCI-48 (204.60); 2d Q 1990—BCI-49 (1,975.3); August 1990—BCI-57 (489.996); and
September 1990-BCI-47 (110.6) and BCI-73 (113.8).
See page C-6 for other footnotes.
SURVEY OF CURRENT BUSINESS
Series
no.
1991
Year
Series title and timing classification
1991
Oct.
Sept.
November 1992 •
C-3
July
Oct.*
1992
I Nov.
Dec.
Jan.
| Mar.
Feb.
Apr.
May
June
|
| Aug. | Sept.
5. FIXED CAPITAL INVESTMENT-Continued
69*
764
86*
87*
88*
28*
29*
89*
Business
investment expenditures—Continued:
Mfrs.1 machinery and equipment sales and business
construction expenditures, bil.$, AR (C,Lg,Lg).
Index of industrial production, business equipment,
1987=100 (C,Lg,U).
Gross private nonresidential fixed investment, bil. 1987$,
AR:
Total (C Lg C)
Structures (Lg,Lg,Lg)
Producers' durable equipment (C Lg C)
Residential construction and investment:
New private housing units started, thous., AR (L,L,L)
Index of new private housing units authorized by local
building permits, 1967=100 (L,L,L).
Gross private residential fixed investment bil 1987$ AR
(L,L,L).
437.36
438.49
443.53
442.89
416.37
424.47
434.40
449.23
432.80
427.89
457.56
121.5
122.2
122.3
121.8
121.4
119.9
121.0
121.5
123.0
124.5
124.1
5002
157.6
3426
4958
149.4
3464
4921
148.4
3437
442.52
r
r
r
125.4
J' 126.7
" 1,243
'1,229
5171
143.4
373.7
r
1,020
1,085
1,085
1,118
1,180
1,257
1,340
1,086
1,196
1,147
1,100
77.7
79.3
78.1
85.6
88.2
91.4
87.2
84.4
84.1
82.3
86.1
r
1,233
89.7
85.8
r
191 2
1856
'439.09
125.5
r
3656
75.5
1773
r
5147
1491
1,014
1702
'429.33
124.4
90.8
191 6
6. INVENTORIES AND INVENTORY INVESTMENT
70
77*
30*
31*
Inventories on hand:
Mfg and trade inventories bil 1982$(LgLgLg)Q
Ratio, mfg. and trade inventories to sales in 1982$
(Lg.Lg.Lg).
Inventory investment:
Change in business inventories bil 1987$ AR(LLL)
Change in mfg. and trade inventories, bil.$, AR (L.L.L) ..
68464
1.46
-93
-7.8
68099
r
1.44
68242
1.43
68287
68464
1.44
681 68
1.44
32.1
-48.4
5.5
116.14
116.54
.34
75
r
32.8
'27.0
681 64
1.47
1.42
681 70
68235
1.42
1.42
19.1
29.1
-7.2
120.31
68323
r
685 64
1.41
1.40
46.1
42.0
r
p
1.42
686 49
'1.40
202
'19.2
M.1
687 05
r
78
-126
• 10.0
68067
1.42
7. PRICES
99*
98
23*
336
337 •
334 *
333 •
332
•
331 *
•
311
*
320
323 •
*
120*
Sensitive commodity prices:
Index of sensitive materials prices 1982=100
Percent change from previous month
Percent change from previous month, smoothed
(L,L,L)t.
Index of producer prices for sensitive crude and
intermediate materials, 1982=100 (L,L,L).
Cattle hides
Lumber and wood products
Wastepaper, news
Wastepaper mixed NSA
Wastepaper, corrugated . . .
Iron and steel scrap
Copper base scrap
Aluminum base scrap
Other nonferrous scrap, n.e.c., NSA
Sand gravel, and crushed stone
Raw cotton
Domestic apparel wool ..
Index of spot market prices, raw
industrial materials,
1967=100, NSA (U.L.L)©1.
Copper scrap $ per Ib ©
...
Lead scrap $ per Ib ©
Steel scrap $ per ton ©
Tin $perlb., NSA©
Zinc $per Ib NSA©
Burlap $ per yd NSA ©
Cotton, $ per Ib.©
Print cloth, $ per yd., NSA©
Wool tops $ per Ib NSA ©
.. ..
Hides, $ per Ib., NSA©
Rosin, $ per 100 Ib. © «,.
Rubber $ per Ib ©
Tallow $ per Ib. ©
Producer Price Indexes:
Finished goods 1982=100
Percent change over 1-month span
Percent change over 6-month span AR
Finished goods less foods and energy, 1982=100
Percent change over 1 -month span
,
Percent change over 6-month span AR
Finished consumer goods, 1982=100
Percent change over 1 -month span
Percent change over 6-month span AR
Capital equipment, 1982=100
Percent change over 1 -month span
... .
Percent change over 6-month span AR
Intermediate materials, supplies, and components,
1982=100.
Percent change over 1 -month span
Percent change over 6-month span AR
Crude materials for further processing,' 1982=100
Percent change over 1 -month span
Percent chance over 6-month span AR
Fixed-weighted price index, gross domestic business
product, 1987=100.
Percent change from previous quarter AR
Consumer Price Indexes for all urban consumers:
All items 1982-84=100 NSA
Percent change over 1 -month span ..
Percent change over 6-month span AR
All items less food and energy, 1982-84=100
Percent change over 1 -month span
Percent change over 6-month span AR
Services 1982-84=100
.
Percent change from previous month AR
Percent change from previous month, AR, smoothed
(Lg,Lg,Lg)t.
119.49
-.50
-.65
115.94
-.10
.50
.30
139.83
141.97
141.97
142.03
'141.60
141.10
140.77
142.88
142.34
168.7
138.8
172.5
143.9
166.3
146.3
161.0
146.3
168.9
146.1
169.8
144.2
83.4
51.7
83.1
55.6
90.5
51.9
92.8
51.1
179.0
148.3
100.1
179.4
149.1
89.2
52.5
170.2
145.3
'89.3
'56.5
'150.0
'139.5
169.5
'141.6
'134.2
'130.2
164.9
143.2
89.7
53.2
140.0
141.8
176.2
144.1
137.0
130.7
135.3
134.6
176.7
145.1
139.7
130.8
134.59
134.82
135.84
136.08
155.5
133.3
157.1
133.7
163.7
134.3
163.7
136.4
92.3
54.4
91.6
53.7
94.1
52.9
91.2
52.8
143.0
145.8
160.9
133.9
129.9
129.2
105.9
146.1
147.0
164.9
128.5
127.5
129.4
151.8
146.4
163.9
125.6
126.3
129.6
154.2
143.9
165.8
125.4
124.0
129.8
155.1
138.2
155.7
123.7
122.6
129.7
-.21
150.1
138.4
162.5
134.9
127.8
129.3
1.80
149.6
143.6
161.4
138.6
133.6
130.2
1.41
150.9
141.9
159.1
145.9
136.8
130.1
85.6
56.3
152.2
139.9
161.9
146.2
135.8
130.0
r
-.05
51.5
98.0
55.8
134.7
136.4
165.4
133.9
134.2
131.0
136.2
134.1
157.2
134.9
128.5
131.3
68.6
72.5
99.9
67.0
94.8
66.0
95.7
66.9
91.9
72.5
87.4
78.3
84.8
88.4
85.6
87.1
88.2
90.8
89.5
85.0
97.0
85.4
92.7
84.8
95.4
84.7
85.2
80.1
283.0
271.9
271.7
271.0
269.2
265.6
262.8
268.0
278.1
281.5
284.2
285.7
283.1
284.7
277.7
.848
.156
96.257
3.417
.601
.282
.698
.834
4.172
.647
60.226
.811
.123
95.755
3.628
.518
.272
.639
.880
3.852
.742
61.287
.817
.138
97.097
3.585
.505
.272
.591
.880
3.670
.752
60.914
.808
.137
96.907
3.555
.546
.271
.563
.880
3.738
.755
59.880
.784
.141
98.319
3.545
.593
.271
.567
.816
3.980
.710
58.997
.825
.149
90.326
3.677
.573
.271
.552
.782
3.888
.706
59.172
.854
.161
.827
.168
89.321
3.769
89.510
3.756
.562
.271
.529
.730
3.775
.678
58.997
.601
.271
.529
.758
4.040
.696
59.113
.825
.177
91.185
3.870
.640
.271
.534
.787
4.000
.768
59.406
.873
.175
91.241
4.032
.665
.269
.520
.782
4.000
.764
.465
.133
.469
.132
.460
.126
.435
.122
.429
.120
.434
.124
.456
.134
.465
.139
121.7
0
.1
131.1
.3
2.9
120.5
-.1
-.5
126.7
.2
2.3
114.4
121.8
.2
1.2
131.7
.3
2.5
120.4
.2
1.0
127.1
.2
1.6
114.3
122.1
.2
1.2
132.0
.2
3.1
120.8
.3
.7
127.3
.2
2.4
114.0
122.2
.1
1.2
132.2
.2
2.9
120.9
.1
.7
127.5
.2
2.4
114.0
122.1
-.1
1.0
132.4
.2
2.9
120.7
-.2
.7
127.7
.2
2.7
113.9
121.9
-.2
1.1
133.1
.5
3.2
120.2
-.4
.5
128.3
.5
2.8
113.2
122.2
.2
1.5
133.2
.1
3.5
120.6
.3
1.2
128.4
.1
2.7
113.7
122.4
.2
122.8
.3
2.5
134.1
.4
2.1
121.1
.2
2.8
129.1
.2
1.6
114.0
123.1
.2
2.1
134.5
.3
1.7
121.6
.4
2.3
129.2
.1
1.6
114.5
-.6
0
.4
.9
.2
3.6
.4
2.7
100.0
1.7
4.1
-.2
-2.3
101.2
.2
-.5
98.4
-.7
-.3
-1.1
100.5
2.1
0
-.7
100.4
-.1
-.2
-'9
98.3
-2.1
-2.2
97.3
-1.0
-4.3
99.0
117.5
* 118.6
1.7
-.8
119.4
3.8
2.1
2.8
-1.0
-10.8
136.2
.2
3.0
142.1
.4
4.2
146.3
4.6
4.6
-2.0
137.2
.4
3.1
143.6
.4
3.8
147.6
5.0
3.9
-4.0
137.4
.2
3.1
143.9
.2
3.8
148.1
4.1
4.0
137.8
.4
3.1
144.4
.3
3.8
148.6
4.1
4.1
137.9
.2
3.4
144.7
.2
3.9
149.2
5.0
4.3
138.1
.1
3.4
145.1
.3
4.1
149.7
4.1
4.3
138.6
.3
2.9
145.7
.4
3.8
150.0
2.4
4.1
'2.2
128.8
.3
2.2
113.8
.1
'2.5
97.3
-1.7
'7.0
139.3
.5
3.1
146.4
.5
3.8
150.7
5.7
4.2
98.3
1.0
8.0
139.5
.2
3.2
146.8
.3
3.6
151.2
4.1
4.2
4.000
60.181
.457
.136
133.6
.3
2.7
120.8
.2
.673
.266
.538
.782
.800
.437
.137
"2.1
.911
.168
91.065
4.352
59.821
.457
.130
NOTE.—The following current high values were reached before September 1991: November 1983—BCI-99
smoothed (2.09); February 1984—BCI-28 (2,260) and BCI-29 (158.5); 1st Q 1984—BCI-30 (79.9); 2d Q 1985—
BCI-87 (199.1); March 1986-BCI-77 (1.58); 3d Q 1986-BCI-89 (231.3); October 1986-BCI-99 change (3.37); December 1988-BCI-31 (98.6); March 1989-BCI-99 index (135.83); April 1989-BCI-23 (335.0); November 1989BCI-70 (705.14); February 1990-BCI-69 (461.12); 1st Q 1990-BCI-86 (544.8); September 1990-BCI-120
120.39
-.21
134.66
173.4
132.1
101.7
165.2
147.6
170.0
143.0
135.8
128.7
116.0
120.76
--.40
.71
-.29
-.39
136.19
64.1
'121.24
'-.02
.85
-.53
-.59
-.82
118.70
-1.40
121.26
.79
.81
120.51
.56
116.48
.24
-.72
-.75
118.64
.17
116.20
.22
116.63
-1.33
'123.4
.2
2.5
134.2
-.2
1.5
'122.0
'.3
2.8
129.1
_ -j
'.B
'115.3
r
.7
2.8
'101.7
'1.7
11.2
1.017
.156
88.589
4.503
.635
.258
.578
.744
4.000
.765
.986
.153
86.022
4.409
.663
.252
.563
.700
4.000
.730
.764
3.750
.815
.459
.144
.466
.164
.467
.155
.490
.153
123.4
'0
2.0
134.5
.2
.4
121.9
r
-1
2.7
129.3
.2
.2
115.2
123.5
.1
123.9
.3
124.0
.1
134.3
-.1
134.6
.2
134.4
-.1
122.0
.1
122.5
.4
122.7
.2
129.4
.1
129.4
0
129.2
-.2
115.2
115.4
115.3
0
.2
-.1
102.6
1.6
102.5
-.1
140.9
.3
141.3
.2
141.8
.4
148.0
.2
148.3
.2
149.0
.5
152.6
3.2
3.2
152.8
1.6
2.9
153J
'-.1
2.3
101.1
'-.6
101.0
-.1
60.729
8.7
120.9
'2.2
smoothed (6.6); and January 1991—BCI-120 change (9.7).
See page C-6 for other footnotes.
3.840
.573
.245
.508
.690
60.729
2.8
140.2
.3
2.6
147.4
.2
2.6
151.8
3.2
3.6
.673
.249
.539
.696
.841
.179
89.930
3.952
60.914
60.729
120.3
139.7
.1
3.2
147.1
.2
3.2
151.4
1.6
3.9
.895
.168
87.280
4.344
140.5
1
3.0
147.7
.2
3.0
152.2
3.2
3.4
7.3
3.3
SURVEY OF CURRENT BUSINESS
C-4 • November 1992
Series
no.
Year
Series title and timing classification
1991
1991
1992
Nov.
Sept. | Oct.
Dec.
Jan.
| Mar.
Feb.
Apr.
May
| June
July
Aug.
Sept.
Oct.*
8. PROFITS AND CASH FLOW
16*
18*
22*
81 •
26*
35
Profits and profit margins:
Corporate profits after tax bil.$ AR (L L L)
Corporate profits after tax, bil. 1987$, AR (L,L,L)
Ratio, corporate domestic profits after tax to corporate
domestic income, percent (L,L,L).
Ratio, corporate domestic profits after tax with IVA and
CCAdj to corporate domestic income, percent (U,L,L).
Ratio, implicit price deflator to unit labor cost, all
persons, nonfarm business sector, 1 982=1 00(L,L,L)§.
Corporate net cash flow, bil. 1987$, AR (L,L,L)
2107
181.5
5.5
2074
177.5
54
59
2297
197.9
60
60
r
102.4
418.2
2327
1993
63
'2188
'1860
'58
67
'65
102.7
103.3
1037
'103.5
427.0
459.2
463.5
'4630
1494
P 150.8
66
9. WAGES, LABOR COSTS, AND PRODUCTIVITY
345
346
53*
63
62*
370
*
358 *
Wages and compensation:
Index of average hourly compensation, all employees,
nonfarm business sector, 1982=1 00 §.
Percent change from previous quarter AR §
Index of real average hourly compensation, all
employees, nonfarm business sector, 1982=1 00 §.
Percent change from previous quarter AR §
Wages and salaries in mining, mfg., and construction,
bil. 1987$, AR(C,C,C).
Unit labor costs: .
Index of unit labor cost, all persons, business sector,
1982=1 00 (Lg.Lg.Lg) §.
Index of labor cost per unit of output, mfg., 1987=100 ...
Percent change from previous month, AR
Percent change from previous month, AR, smoothed
(Lg,Lg(Lg)t.
Productivity:
Index of output per hour all persons business sector
1982=1 00 §.
Percent change over 1 -quarter span, AR§
Percent change over 4-quarter span, AR§
Index of output per hour all persons nonfarm business
sector, 1982=1 00 §.
r
145.0
51
102.7
8
606.8
r
605.1
107.0
1.2
3.1
r
106.2
-4.4
-2.2
32
103.0
r
603.1
595.1
1101
r
.3
1.8
1087
3.3
2.5
r
1096
r
'37
103.2
108.0
13.1
1.6
107.4
-6.5
1.7
8
595.8
133.8
r
594.9
595.2
106.9
-2.2
.3
106.8
-1.1
-.4
107.1
-3.3
1.1
r
111 2
'37
M 03.3
25
103.0
'-9
597.5
591.7
593.5
1123
106.5
-3.3
-1.1
' 106.4
r
-1.1
'-1.6
r
106.0
r
-4.4
'-2.2
39
'2.8
r
1106
'587.3
'590.3
'106.1
1.1
'-2.2
'106.5
'4.6
'-1.2
f 107.0
'5.8
'.3
'1134
'1125
r
'1 1
'590.3
P 134.5
M34.1
133.8
106.9
-3.3
-.5
107.2
11.9
_g
r
148.5
r
'-3
599.5
607.9
133.1
r
147.1
'1.0
'3.0
111 1
'111 8
r
10. PERSONAL INCOME AND CONSUMER ATTITUDES
52
51*
58
83*
122
123*
Personal income:
Personal income bil 1987$ A R ( C C C )
Personal income less transfer payments, bil. 1987$, AR
(C,C,C).
Indexes of consumer attitudes:
Consumer sentiment, U. of Michigan, 1966:1=100, NSA
(L.L.L)©1.
Consumer expectations, U. of Michigan, 1966:1=100,
NSAtULL)© 1 .
Consumer confidence, The Conference Board, 1985=100
(L.L.L).
Consumer expectations, The Conference Board,
1985=100 (L,L,L).
4,025.9
3,372.1
40665
3,399.0
40585
3,372.5
78.3
69.1
68.2
70.5
61.9
61.5
4,026.0
3,379.1
4,040.7
3,384.5
77.6
83.0
70.3
76.4
4,024.8
3,382.2
'40895 P 4,1 14.0
'3,381.2 '3,402.6
4,070.9
3,377.6
4,078.4
3,380.7
4,076.5
3,377.3
'40767
'3,374.4
'4,096.2
'3,389.1
76.0
77.2
79.2
80.4
76.6
76.1
75.6
73.3
70.3
70.5
71.2
70.7
67.6
69.5
67.4
67.5
4,079.1
3,388.7
4,076.2
3,386.0
67.5
68.8
59.1
61.8
68.5
72.9
60.1
52.7
52.5
50.2
47.3
56.5
65.1
71.9
72.6
61.2
59.0
57.3
54.6
85.8
95.4
79.5
69.7
72.6
68.7
63.5
76.7
89.7
96.9
95.9
80.1
78.3
74.2
70.7
11. SAVING
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
6982
7154
219.4
-236.6
51
7082
701 9
199.6
-1933
47
6829
7359
232.3
-2852
53
6775
7354
214.6
-2726
49
'6937
'7855
r
201.0
'-2928
45
12. MONEY, CREDIT, INTEREST RATES, AND STOCK PRICES
85*
102*
105
106*
107
108
93
94
112*
113*
111
110*
14
39
Money:
Percent change in money supply M1 (L.L.L)
Percent change in money supply M2 (L C U)
Money supply M1, bil. 1982$ (L.L.L)
Money supply M2 bil 1982$ (ILL)
Velocity of money:
Ratio gross domestic product to money suppy M1
(C,C,C).
Ratio, personal income to money supply M2 (C,Lg,C) ....
Bank reserves:
Free reserves, mil.$, NSA (L,U,U)±
Member bank borrowings from the Federal Reserve,
mil.$, NSA (L,Lg,U).
Credit flows:
Net change in business loans, bii.$, AR (L,L,L)
Net change in consumer installment credit, bil.$, 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
(U,L)±.
Percent of consumer installment loans delinquent 30
days and over (L,L,L)Ot
.70
25
609.2
24096
.63
06
613.7
2401 1
1.02
1.19
.40
18
623.8
618.6
'2,401.4
'2 400 2
6464
6601
1.419
1.425
882
373
586
645
-39.46
-7.54
-69.48
1.66
-57
-93
1.430
834
261
-7.63
21.31
-1 5
1.424
2.74
2.58
.40
'-12
651.1
'23974
1.22
' 04
6581
'23952
'.92
'-.27
'-.06
'-25
'659.7
'654.5
'2 382 7 '23779
6215
'1.31
'1.59
'1.88
' 27
' 30
' 42
'675.7
'666.5
'685.6
'23778 '23800 '23802
'6142
1.434
1.436
1.441
1.445
1.449
'1.454
'1.458
'1.456
1.459
'1.467
788
192
771
233
990
77
939
91
1,049
90
845
155
684
229
681
284
684
251
707
287
930
143
-8.68
-15.18
-68.50
-1.93
-46.39
9.83
38.45
-2.68
2.06
-11.88
-18.49
-43.00
-25.38
-10.72
-62.69
-.12
'23.10
-13.19
'-10.64
'-13.87
'-40.34
'19.28
'105.49
-32
-54
-41
6
-72
-60
-38
-70
-31
-37
'-5
288 800
98,969.0 '5,472.0 '10,126.2 '5,260.2 P 6,659.9
2.58
.86
04
649.8
'24053
6301
1.438
126296
188404
2.26
78
647.9
'24178
785
108
2.62
NOTE.—The following current high values were reached before September 1991: January 1983—BCI-102 (2.82);
May 1983-BCI-123 (124.3); July 1983-BCI-14 (829.2); February 1984-BCI-39 (1.78); March 1984-BCI-58 (101.0)
and BCI-83 (97.7); 1st Q 1984-BCI-22 (7.0); May 1984-BCI-93 (-2,381); June 1984-BCI-111 (22.7); August
1984-BCI-94 (8,017); 4th Q 1984-BCI-107 (7.058); March 1985-BCI-113 (138.85); 3d Q 1985-BCI-81 (8.4); 4th
Q 1985-BCI-110 (983,756); 1st Q 1986-BCI-26 (105.1); December 1986-BCI-85 (2.50); May 1988-BCI-106
1.37
.75
.24
'.22
627.2
635.3
'2 402 1 '2,4058
2.58
'247428
' 8,445.7 '6,839.3 '6,325.7 '7,881.2 '12,020.3 '13,932.0 '3,574.6 '9,031.7 '3,215.7
2.94
2.84
2.86
2.67
2.77
2.60
(2,473.4); October 1988—BCI-53 (671.2); 4th Q 1988—BCI-18 (215.1); February 1989—BCI-122 (120.7); May 1989—
BCI-112 (119.74); April 1990-BCI-51 (3,484.8); December 1990-BCI-62 change (31.3); and March 1991-BCI-62
smoothed (8.9).
See page C-6 for other footnotes.
SURVEY OF CURRENT BUSINESS
C-5
July
Oct.*
1992
1991
Year
Series
November 1992
Series title and timing classification
no.
1991
Sept.
| Nov.
Oct.
Dec.
Jan.
Feb.
I Mar.
Apr.
May
June
|
|
Aug.
|
Sept.
12. MONEY, CREDIT, INTEREST RATES, AND STOCK PRICES-Continued
Outstanding debt:
Consumer installment credit outstanding, mil.$
(Lg,Lg,Lg)0.
Commercial and industrial loans outstanding, mil.$,
66
72
(Lg.Lg.Lg).
101 4
95*
119*
114*
116*
115*
117
118
109*
19*
Commercial and industrial loans outstanding, mil. 1982$
(Lg,Lg,Lg).
Ratio, consumer installment credit outstanding to
personal income, percent (Lg,Lg,Lg).
Interest rates (percent, NSA):
Federal funds rate (L Lg Lg)
Discount rate on new 91 -day Treasury bills (C.Lg.Lg)
Yield on new high-grade corporate bonds (Lg,Lg,Lg)
Yield on long-term Treasury bonds (C,Lg,Lg)
Yield on municipal bonds, 20-bond average (U.Lg.Lg) ....
Secondary market yields on FHA mortgages (Lg.Lg.Lg) .
Average prime rate charged by banks (Lg.Lg.Lg)
Index of stock prices, 500 common stocks, 1941-43=10,
NSA (L,L,L).
727,799
727,449
727,960
729,225
727,799
728,618
728,395
727;404
723,821
722,928
722,919
418,429 ' 420,354
449,234
434,866
434,230
433,507
427,799
423,933
427,137
427,309
425,768
423,653
385,475
374,562
373,050
372,429
369,110
366,724
368,222
368,053
366,095
361,479 '354,601
356,837
r
356,690
r
353,230 '359,776
'14.22
14.89
14.72
14.74
14.60
14.52
14.43
569
545
521
481
443
403
406
398
373
382
376
325
330
322
310
5.41
5.25
8.79
7.96
6.80
9.06
8.20
5.03
4.60
4.12
3:84
3.84
8.55
7.58
7.96
7.19
7.99
7.08
2.84
8.17
6.76
8.85
6.50
6.67
8.79
6.50
3.66
8.57
7.80
6.57
3.28
8.19
7.40
6.69
8.10
7.21
8.63
7.78
6.74
8.74
3.70
8.45
7.72
6.73
8.69
7.58
8.36
7.48
6.54
8.72
6.50
3.81
8.59
7.88
2.97
8.72
7.83
4.05
8.62
7.93
3.14
8.81
7.88
6.68
8.71
8.00
6.49
8.56
6.50
6.13
8.12
6.02
6.16
8.08
6.00
6.25
8.06
6.00
387.20
386.88
385.92
388.51
416.08
6.50
14.26
r
14.91
376.18
14.30
720,664 '722,271
41 9,467 '416,105 '424,896
14.96
8.66
6.50
14.35
r
r
r
15.13
9.05
8.16
6.92
9.25
8.46
14.36
721 ,820
7.26
6.41
8.29
6.00
412.56
407.36
407.41
414.81
408.27
415.05
417.93
418.48
412.50
1 1 ,262
6,126
12,961
6,730
12,393
8,101
10,996
5,854
10,098
7,167
'9,807
'6,462
'81.7
'5,170
'81.0
'7,340
'80.1
13. NATIONAL DEFENSE
525
548
557
570
564*
Defense Department prime contract awards, mil.$
Manufacturers' new orders, defense products, mil.$
Index of industrial production, defense and space
equipment, 1987=100.
Employment, defense products industries, thous
Federal Government purchases national defense bil $ AR
93,877
16,848
5,059
11 134
8,075
8,462
4,946
8,425
91.1
89.1
89.1
88.8
88.1
86.7
1,159
3238
1,141
1,137
1,129
1,124
1,116
86.2
85.6
84.7
84.2
83.6
14,142
5,630
'82.7
1,108
1,098
1,084
1,076
311 7
1,065
1,054
37653
37083
38163
3729
37805
3112
7,318
42,668
3,464
6,005
36405
3584
7,522
43,469
4,202
6,036
35717
3610
8210
44,893
4,749
5,918
7858
45,082
5,209
5,675
3147
3136
'1,046
3184
'1,037
'35799
38238
3828
8,453
46,547
4,512
6,669
r
14. EXPORTS AND IMPORTS
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, mil.$
Imports of automobiles and parts, mil.$
Merchandise exports, adjusted, excluding military, mil.$ ' ....
Merchandise imports adjusted excluding military mil $ l
Balance on merchandise trade milS 1
422389
38533
89427
487 129
50,154
68941
415,962
489 398
-73 436
35280
3254
7609
41757
3,958
6,161
36840
3502
7,656
42,712
4,041
6,150
37268
3290
7996
41,382
3,736
5,941
107,851
"126390
-18539
36052
3594
7749
41 ,674
3,968
5,539
35466
3292
7352
41266
3,391
6066
7948
40,948
3,312
5,644
107,946
125168
-17,222
3109
7504
42,859
3,939
5,989
'107,464
'132022
'-24,558
3621
3417
7598
'44,745
4,164
5,815
'110,812
'137350
'-26,538
15. INTERNATIONAL COMPARISONS
47*
721 •
728*
725*
726*
722*
727*
723*
320
738
•
+
735
+
736
4
732
+
737
733
^
^
Industrial production indexes (1987=100):
United States
OECD European countries2
Japan
Federal Republic of Germany
France
United Kingdom
Italy
Canada
Consumer price indexes (1982-84=100):
United States NSA
Percent change over 6-month span,
Japan NSA
Percent change over 6-month span,
Federal Republic of Germany NSA
Percent change over 6-month span
France, NSA
Percent change over 6-month span
United Kingdom, NSA
Percent change over 6-month span
Italy, NSA
Percent chance over 6-month span
Canada NSA
.
Percent change over 6-month span
AR
AR
AR
AR
AR
AR
AR
748*
745*
746*
742*
747*
743*
Stock price indexes (1967=100, NSA):
United States
Japan
Federal Republic of Germany
France
United Kingdom
Italy
Canada
750*
Exchange rates:
Exchange value of U.S. dollar, index: March 1973=100,
19*
758*
755*
756*
752*
757*
753*
1071
110
1241
118
110
100
1081
964
1084
110
1237
117
110
100
1088
975
1084
111
1239
117
111
101
1066
972
1081
111
1238
118
110
100
1125
967
1074
108
1220
113
109
100
1056
953
1066
111
121 5
119
111
99
1095
956
1072
112
'1207
120
110
100
1120
964
1076
111
'1177
118
110
99
111 6
'965
1081
110
1176
117
111
100
1054
'968
1089
110
1156
117
'109
99
1099
'963
1085
110
1181
116
'110
99
1081
'964
'1094
'110
1190
115
110
100
'1082
'960
1362
3.0
1150
2.3
1160
41
137.2
29
156.9
4.2
170.0
58
143.1
28
1372
3.1
1151
2.8
1170
47
138.0
35
158.1
39
171.0
53
143.7
8
1374
3.1
1164
2.5
1174
28
138.6
32
158.7
37
172.3
41
143.4
13
1378
3.1
1166
2.3
1179
34
138.9
37
159.3
40
173.5
50
144.0
3
1379
3.4
1160
3.5
1180
38
139.1
34
159.4
4.0
174.0
54
143.4
7
1381
3.4
1158
3.1
1185
34
139.4
28
159.3
4.6
175.4
54
144.0
18
1386
2.9
1157
.3
1192
3.1
139.8
2.9
160.1
4.3
175.9
56
144.1
8
1393
3.1
1163
2.1
1197
3.9
140.2
2.6
160.6
3.7
176.6
57
144.6
11
1395
3.2
1175
1.2
1200
4.1
140.5
2.6
163.1
3.4
177.3
50
144.6
15
1397
3.2
1176
1.6
1205
3.6
140.9
2.0
163.7
2.9
178.3
54
144.9
24
1402
2.6
1175
1.2
1207
30
141.0
16
163.7
2.7
178.9
51
145.2
21
1405
3.0
1166
421 2
4208
1 ,694.0
4198
422 6
1,533.4
4526
1 ,474.7
3132
301 3
4432
1,176.0
3349
406.3
448.8
1 ,426.0
326.7
907.8
1,195.7
326.2
404.7
4431
1,631.8
4092
1,668.4
NSA "3
Foreign currency per U.S. dollar (NSA):
Japan (yen)
Federal Republic of Germany (d mark)
France (franc)
United Kingdom (pound)
Italy (lira)
Canada (dollar)
1,612.8
3302
3170
814.2
1 1455
321.7
392.1
3158
861.7
1 2071
871.7
1 221 6
315.2
856.9
809.7
1 1776
1 1306
382.8
304.7
397.3
306.4
390.3
299.4
396.9
89.73
91.18
90.69
87.98
85.65
86.09
134.51
1 6585
5.6388
.5667
134.30
1 6933
5.7621
.5792
130.77
1 .6893
5.7583
.5803
1 263.20
1.1279
128.04
1 .5630
5.3406
.5619
.5473
1 ,221 .04 1,182.21
1.1467
1.1302
125.46
1.5788
5.3858
.5528
1 18976
1.1571
1 239 62 1 266 25
129.63
1 6208
5.5391
3151
891.2
1 1776
321.3
1,333.0
'1090
'1144
'115
'110
'100
'1087
'1090
'113
'978
1409
141 3
1169
1175
141 8
1207
1209
121 2
141.4
1.9
163.1
2.5
179.1
46
145.6
1.5
141.5
141.5
142.0
163.2
163.8
164.4
179.2
179.8
180.9
145.6
145.5
145.7
451 2
4441
451.5
1,176.0
335.8
938.8
'1,1788
'294.7
382.8
1,132.7
455.2
448.7
454.6
1,093.9
1 ,242.8
1,177.8
'274.4
'285.2
292.2
900.4
858.0
823.4
''1,076.1 ''1 109.2 '1,173.8
'248.2
'249.2
'227.5
384.5
372.6
377.0
1 178.2
312.1
951.3
1 207.1
311.0
385.6
379.2
1,242.8
337.7
969.4
1 2842
302.2
382.8
88.04
90.44
89.84
88.30
85.91
82.57
80.97
81.98
127.70
1.6186
5.5088
.5625
1,215.92
1.1825
132.86
1.6616
5.6400
133.54
1 .6493
5.5773
.5693
1,241.55
1.1874
130.77
1.6225
5.4548
.5526
1 ,220.95
1.1991
126.84
1.5726
5.2940
125.88
1.4914
5.0321
126.23
1.4475
4.9119
122.60
1.4514
4.9378
.5391
.5215
.5146
.5416
1,189.52
1.1960
1,129.83
1.1924
1,100.00
1.1907
1,176.21
1.2225
5.0370
.6050
1 ,309.64
1 .2453
331.6
920.4
.5801
1 ,248.28
' 1.1928
316.2
895.3
'1,147.5
'262.0
389.1
85.03
121.17
1 .4851
1.1460
1.1370
2381
243.7
208.6
242.7
209.0
241.6
207.3
244.0
211.0
246.7
211.8
246.4
213.4
247.3
'213.7
249.5
'214.8
250.2
'216.0
252.7
'217.6
'253.3
'217.5
'254.2
'216.8
'253.2
'218.2
124.9
130.8
124.6
130.5
124.5
129.8
124.3
129.3
124.8
129.7
124.9
130.1
125.0
130.7
125.2
131.3
125.2
131.2
125.6
132.0
'125.4
'131.6
'125.5
'131.5
'125.8
'131.7
16. ALTERNATIVE COMPOSITE INDEXES
4
990*
991 •
CIBCR long-leading composite index 1967=1 00
CIBCR short-leading composite index 1967=1 004
204.0
241.3
208.0
992*
993*
BEA coincident composite indexes:
Modified methodology, 1982-100 5
Stock and Watson methodology, Aug. 1982=1 00 5
124.4
129.5
124.8
130.8
NOTE.—The following current high values were reached before September 1991: May 1984—BCI-118 (15.01);
June 1984-BCI-115 (13.00), BCI-116 (14.49), and BCI-117 (10.67); August 1984-BCI-109 (13.00), BCI-114 (10.49),
and BCI-119 (11.64); September 1989—BCI-95 (16.05); July 1990—BCI-101 (409,650); October 1990—BCI-72
(476,867); and November 1990—BCI-66 (736,742).
See page C-6 for other footnotes,
SURVEY OF CURRENT BUSINESS
C-6 • November 1992
FOOTNOTES FOR PAGES C-l THROUGH €-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.
t Cyclical indicator series denoted by t 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 | 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
SURVEYOR 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 1982) 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 C47 and C-48 in the October 1992 SURVEY.
Page C-1
Page C-4
* Preliminary November 1992 values: BCI-19 = 421.96 and BCI-109 = 6.00.
1. Data include initial claims made under the July 1992 Emergency Unemployment Compensation
amendments. Data exclude Puerto Rico, which is included in figures published by the source agency.
2. Copyrighted. This series may not be reproduced without written permission from the University
of Michigan, Survey Research Center, P.O. Box 1248, Ann Arbor, Ml 48106-1248.
3. Excludes BCI-57, for which data are not available.
4. Excludes BCI-77 and BCI-95, for which data are not available.
NOTE.—Major data revision:.Series on productivity and costs (BCI-26, -63, -345, -346, -358, and
-370) have been revised by the source to incorporate 1991 hours-at-work adjustment factors. Periods
covered by these revisions are as follows: BCI-370 from 1988 forward; BCI-26, -345, -346, and -358
from 1989 forward; and BCI-63 from 1991 forward. For further information, contact the U.S. Department
of Labor, Bureau of Labor Statistics, Office of Productivity and Technology, Division of Productivity
Research, Washington, DC 20210.
* Preliminary November 1992 values: BCI-122 = 65.5, BCI-123 = 86.0, and BCI-85 = 1.58.
1. Copyrighted. This series may not be reproduced without written permission from the University
of Michigan, Survey Research Center, P.O. Box 1248, Ann Arbor, Ml 48106-1248.
Page C-2
Page C-5
* Anticipated 4th quarter 1992 values: BCI-61 = 562.36 and BCI-100 = 529.98.
1. Data include initial claims made under the July 1992 Emergency Unemployment Compensation
amendments. Data exclude Puerto Rico, which is included in figures published by the source agency.
2. Data exclude Puerto Rico, which is included in figures published by the source agency.
3. Copyrighted. This series may not be reproduced without written permission from McGraw-Hill
Information Systems Company, F.W. Dodge Division, 1221 Avenue of the Americas, New York, NY
10020.
* Preliminary November 1992 values: BCI-119 = 2.98, BCI-114 = 3.09, BCI-116 = 8.25, BCI-115
= 7.43, BCI-117 = 6.39, BCI-109 = 6.00, BCI-19 (1941-43=10) = 421.96, BCI-19 (1967=100) = 459.0,
BCI-748 = 1,147.3, BCI-745 = 281.1, BCI-746 = 856.2, BCI-742 = 1,244.3, BCI-747 = 280.2, BCI-743
= 380.9, BCI-750 = 89.67, BCI-758 = 123.76, BCI-755 = 1.5838, BCI-756 = 5.3513, BCI-752 = 0.6535,
BCI-757 = 1,355.50, and BCI-753 = 1.2609.
1. Balance of payments basis: Excludes transfers under military grants and Department of Defense
sales contracts (exports) and Department of Defense purchases (imports).
2. Organisation for Economic Co-operation and Development.
3. This index is the weighted-average exchange value of the U.S. dollar against the currencies of
the other G-10 countries plus Switzerland. Each country is weighted by its 1972-76 global trade. For a
description of this index, see the August 1978 Federal Reserve Bulletin (p. 700).
4. This index is compiled by the Center for International Business Cycle Research (CIBCR), Graduate
School of Business, Columbia University, New York, NY 10027.
5. For an explanation of this index, see "The Composite Index of Coincident Indicators and Alternative
Coincident Indexes" in the June 1992 SURVEY.
Page C-3
* Preliminary November 1992 value: BCI-23 = 267.9.
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.
Notes for Pages C-7 Through C-24
The following notes explain general features of the charts that appear in this section:
• Business cycle peaks (P) and troughs (T), as designated by the National Bureau of Economic
Research, Inc., are indicated at the top of each chart. The shaded areas represent recessions.
• For each series classified as a cyclical indicator, the timing classifications at peaks, at
troughs, and overall are shown in a box adjacent to the title. (L = leading, C = coincident, Lg =
lagging, U = unclassified.) A complete list of series titles and sources is shown in the April and
October issues of the SURVEY.
• Arithmetic scales are designated "Scale A." On the same arithmetic scale, equal vertical
distances represent equal differences in data. (For example, the vertical distance from 10 to 15
is the same as the distance from 100 to 105.)
• Logarithmic (log) scales are designated L-1, L-2, or L-3 to indicate their relative size. On
log scales of the same size, equal vertical distances represent equal percentage changes. (For
example, the vertical distance from 10 to 15 is the same as the distance from 100 to 150.)
Compared with an L-1 scale, the same percentage change covers half the distance on an L-2
scale and one-third the distance on an L-3 scale.
• Data are monthly unless otherwise indicated. Quarterly data are indicated by a "Q" following
the series title.
• Some series include a centered moving average, which is shown as a heavy line
superimposed on the actual monthly data.
t Parallel lines across a plotted series indicate a missing data value, change in definition, or
other significant break in continuity.
• The box near the end of each plotted series indicates the latest data month (Arabic numeral)
or quarter (Roman numeral) shown or, for series computed over a span of time (diffusion indexes
and rates of change), the latest data period used in computing the series.
SURVEY OP CURRENT BUSINESS
November 1992
Composite Indexes
Aug. Apr.
P T
Apr. Feb.
P T
Dec. Nov.
P T
Nov. Mar.
P
T
Jan. July July Nov.
PT P
T
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-7
C-8
• November 1992
SURVEY OF CURRENT BUSINESS
Composite Indexes: Rates of Change
Aug. Apr.
Apr. Feb.
P T
P
T
Percent change over 3-month span, annual rate
Composite Indexes: Diffusion
9
s rising over 6-month span
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-1.
SURVEY OF CURRENT BUSINESS
November 1992 • C-9
Composite Indexes: Leading Index Components
Aug. Apr.
P T
Apr. Feb.
P
T
Dec. Nov.
P
T
or nonsuperi/isory workers
Stale programs (thousands—inverted scale)
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 67 88 89 90 911992
NOTE.—Current data for these series are shown on page C-1.
C-10
November 1002
SURVEY OF CURRENT BUSINESS
Composite Indexes: Leading Index Components—Continued
Aug. Apr.
PT
Apr. Feb.
P T
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 91 1992
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 (or these series are shown on page C-1.
SURVEY OF CURRENT BUSINESS
November 1992
• C-ll
Composite Indexes: Coincident Index Components
Aug. Apr.
P T
Apr. Feb.
P
T
Persoi lal incc me le; s Iran
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-1.
C-12
November 1992
SURVEY OF CURRENT BUSINESS
^
ding in 1982 dolorsL(ttJa!,l
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.
NOTE.—Current data for these series are shown on page C-1.
SURVEY OF CURRENT BUSINESS
November 1992
• C-13
Employment and Unemployment
Dec. Nov.
P
Nov.
Mar.
P
T
T
. Average weekly svertim
Jan. July July
P T
P
Nov.
T
product on or nonsupervisory workers, manufacturing (hours)
ed advertising
Employee hours
establishments (
(cultural payrolls goods-producinc industries (millions)
civilian emplc
populat on of we
rrployment rate (percent—iriverted scale)
..... I
1964 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 SO 81
NOTE.—Current data for these series are shown on page C-2.
, , ,
, , , I ,.,
, i
, , , I ,., , i
, , ,.I..L., ,
82 83 84 85 86 87 88 89 90
91 1992
C-14
•
SURVEY OF CURRENT BUSINESS
November 1992
Output, Production, and Capacity Utilization
rossdcmesticcroductir 1987 dollars, Q (a
Industrial production nonSurable manufactures (
manufactures^
Industrial production consumer goods (index: 1987
Capacity utilization rat;, manufacturing I percent)
1964 65
66 67
68
69 70
71
72 73
NOTE.—Current data for these series are shown on page C-2.
74
75
76 77
78
79 80
81
82 83
84 85
86 87
88 89
90
91 1992
November 1992
SURVEY OF CURRENT BUSINESS
Sales and Orders
Dec. Nov.
P
T
Nov. Mar.
P
T
Jan. July July
F T P
Nov.
T
Wages and Consumer Attitudes
1 he Conference Board (incfe
1964 65
66 67
68
69 70
71
72 73
74
NOTE.—Current data for these series are shown on pages C-2 and C-4.
75
76 77
78
79
80 81
82
83
84
85
86
87
88
89 90
91 1992
• C-15
C-16
SURVEY OF CURRENT BUSINESS
• November 1992
Fixed Capital Investment
Dec. Nov.
P
T
Net jusiness formaticn (ind
13. Number of new business ncorpon tions
Manufacturers new orders in
nor defense capital goods ind
Construction contr cts awarded for
of floor space
1964 65
66 67 68
70 71 72
73
74 75
76 77
1. This is a copyrighted series used by permission; it may not be reproduced without written
permission from McGraw-Hill Information Systems Company, F.W. Dodge Division.
78 79
mercial and industrial
miriovingavg.)
80
81
82 83 84 85 86
87 88
89
NOTE.—Current data for these series are shown on page C-2.
90
91 1992
SURVEY OF CURRENT BUSINESS
November 1992
Fixed Capital Investment—Continued
Dec. Nov.
P T
Nov. Mar.
P
T
Jan. July July
F T P
Nov.
T
76. Indi istrial pr Auction
rivate n< mresider tial fixec investm jnt in 19 )7 dollars—
1964 65
66 67
68
69
70
71
72
73
74
1. Dotted line represents anticipated expenditures.
NOTE.— Current data for these series are shown on pages C-2 and C-3.
75
76
77
78
79 80
82
83
84
85
86
87
88 89
90
91 1992
• C-17
C-18 • November 1992
SURVEY OF CURRENT BUSINESS
Fixed Capital Investment—Continued
Dec. Nov.
P
T
Nov.
P
Mar
T
Jan. July July
P T
P
Nov.
T
28. M ew priva te housir ig units
private resideitial fix
vestrrent in 1887 dollars, Q
Inventories and Inventory Investment
Dhange in manufacturing
1964 65
66 67 68 69 70
71 72
73 74
NOTE.—Current data for these series are shown on page C-3.
75 76
77 78 79
80 81
82
83 84
85 86
87
88 89
90
91 1992
SURVEY OF CURRENT BUSINESS
November 1992
• C-19
liiliiiiiiiiiiii
Prices and Profits
Dec. Nov.
P
T
Jan. July July
F T P
Nov. Mar.
P
T
Nov.
T
July
P
23, Spot me rket prices, raw industrial roaterialj
400 n
350300250-
vsA^
200150-
100-
18 Corporate profits
in 1987 dollars, C!(ann.ra
280240'
200160-
120-
80-
Corpora te profits after ta) in curre it dollar
40 ->
22 Ratio, corporate iomestic profits after tax t corporate domestic
income Q (percent)
1412-
10864-
81 Ratio, corporate doi
corporate domestic
i ifter tax vith IVA and CCA Jj to
•Q (percent)
2-
26. Ratio, implicit price deflator to unit labo cost, n< nfarm business
sector, Q (index: 1982=100)
108-i
106104102
100J
1964 65
66 67 68 69 70
71 72 73 74
75 76 77 78 79 80 81 82 83 84 85
IVA Inventory valuation adjustment. CCAdj Capital consumption adjustment.
NOTE.—Current data for these series are shown on pages C-3 and C-4.
86 87 88 89 90
91 1992
1. From June 1981 forward, this is a copyrighted series used by permission; if may not be
reproduced without written permission from Commodity Research Bureau, Inc.
<
.2
C-20
SURVEY OF CURRENT BUSINESS
November 1992
Money, Credit, and Interest Rates
ney supply M1
Federal fun Is rate (percent)
ngeinrroneysu
Discount rate on
Treasuy bills (tercent)
new issi res of hign-g ade
e bonds (percent
arm. rat' bil. dol.
ong-terr i Treasu y bonds (percent
110. Funds raj sed by ivate nonfinancia borrowers
3 (ann. rate, bil.
1980 81
82 83
84
85
86
87
88
90
1. The heavy line is a centered 6-term moving average.
NOTE.—Current data for these series are shown on pages C-4 and C-5.
91 1992
1980 81
82 83 84 85
86
87
88 89
90
91 1992
SURVEY OF CURRENT BUSINESS
November 1592
• C-21
Alternative Composite Indexes
Dec. Nov.
P
T
Nov.
P
Mar.
T
Jan. July July
P T
P
July
P
Nov.
T
260240-
CIBCR leading indexes—
220200180-
990. Long-leading index (1967=100)
160-
140240-i
220200180-
Short-le ding index (1967-100)
160-
140-
120-
100-
140-
BEAcoi ncidentindexes-
120-
1
992 Modifie I methocology (1982=100
100-
140-1
120-
993 Stock and Watson methodology1 (Aug. 1982=100)
100-
-Si1964 65
66 67 68
69 70
71 72 73 74 75 76 77 78 79 80 81 82 83 84 85
CIGCR Center for International Business Cycle Research (Columbia University).
1. See "The Composite Index of Coincident Indicators and Alternative Coincident Indexes,* SURVEY
OF CURRENT BUSINESS 72 (June 1992): 42-45.
60 J
86 87 88 89 90
NOTE.—Current data for these series are shown on page C-5.
91 1992
S
C-22
SURVEY OF CURRENT BUSINESS
* November 1992
Prices
an.July July
P T
P
Other Measures
Nov.
T
July
P
Jan. July
P T
July
P
July Nov.
P
T
Percent change at annual rate
293. Personal saving ra e, Q (percent)
-weights d price ii dex, gro ss
.i^ ™stic bus ness pro duct(1-( JPJ n)
"*"
'»*L
—
llIfcjMxec
1
"^
10r™l
^ypjas^-
6-month span |
Consul ner Price Indexes or all ui ban con< umc
320c. Ml items
1ST
j"i •-*"
VJ^J^L
,
T.
.,
V
r
3;
,_ t
f
•~^\
'
!•..
*^^»
^r^O^ lf*\.^—
irJBX/*^—™
^\^-~^ - v ^ . .
;-
C^^
^^r
"^r
^
?~*^-~ zra^r^^c?
334i . Finishe d consulnerjjpoc s
^^^
,
r^-fe^A
J-*r
~;"^
<
^^,»^~W
it
|io|
^
-t£^~*~ s-^\J sn
^T-
,^^-~v
|io|
-I,,
, ,—
r
-£~
y—
10
-5J
5£ 4. Federal Government pu chasesfor national
defense, Q
rate, b . dol.)
1
400350300250-
2010-
200-
o-
150-
|io|
\
^^ —
s
flf
/- —
/
ij. 1 1 1
.UULLU, - H f l l " JJjlOL JJJ-L-LL JJjJjLLL
1 11
1980 81
90 91 1992
84 85
86
87 88 89
20-
hanilise imports, adjusted, excluding
10-
o-10-
$31c.< rude ma erialsfo further) irocessir g
» -*J\t ,
A
i
/\
NOTE.—Current data for these series are shown on pages C-3, C-4, and C-5.
20-i
0-
-10-
332c.ln ermedia e mater! ils, supp ies, and com ione nts
1
*
\^~
=/j
— ^ **^>~
82 83
20-j
100-10-
°1
333c. C apital eq lipment
^—w*-Nv—
10-
5-
~
—
370c. Change in output per ho r, all persons,
business sector (ann. rale, percent)
-10-
si
"^
i
400-40-80-120160-200-240-280-
»]
20100-
ished g< ods less foods ai dei er
15^/* rFiiii
*3l^fA*i
r"--^-^
20-,
10J
oJ
.ProdBK er Price ndexes^ j* }
336c. Fit shedgc ods
~f
8642-
o-l
fly
M
3c.Allil ems less food am em
Jh
0J
650550450350-
403020-
250-
100-
-10-20-30-
jndise exports, a justed, '
Jding military, Q (ann. rate, bil. dol.)
1980 81
82 83 84 85
86
87
88 89
90
150J
91 1992
SURVEY OF CURRENT BUSINESS
International Industrial Production
Jan.July
P T
July
P
Nov.
T
November ipps
•
C-23
International Consumer Prices
Jan. July
P T
July
P
July
P
Nov.
T
Percent change over 6-month span, annual rate
Const mer prices—
20
320c. United States
10
0
738:. Japan
10
<
0
<D
"3
-10
?35c. Federal ^public of Germany
10
0
-10
20
10
<
o>
0
30
20
10
0
30
20
.32
10
0
20
10
o
1980 81
82 83 84 85
86 87 88
89 90
NOTE.—Current data for these series are shown on page C-5.
91 1992
1980 81
82
83
84
85
86 87
88
89
90
91 1992
TO
C-24
• November 1992
SURVEY OF CURRENT BUSINESS
International Exchange Rates
International Stock Prices
Jan. July July
P T
P
1980 81
_j
Nov.
T
82 83
84
85
86
87
88
89
NOTE.—Current data for these series are shown on page C-5.
90
91 1992
1980 81
82 83 84 85
86 87
88
89 90
91 1992
SURVEY OF CURRENT BUSINESS
November 1992
S-l
CURRENT BUSINESS STATISTICS
Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources
are provided through the courtesy of the compilers and are subject to their copyrights.
Current data for the series shown in the S-pages are available on diskette on a subscription basis or from the Commerce
Department's Economic Bulletin Board. Historical data, data sources, and methodological notes for each series are published
in BUSINESS STATISTICS, 1963-91. For more information, write to Business Statistics Branch, Business Outlook Division
(BE-52), Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230.
NOTE.—This section of the SURVEY is prepared by the Business Statistics Branch.
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown in
BUSINESS STATISTICS, 1953-91
1992
1991
Annual
1990
1991
Sept. | Oct.
Nov. | Dec.
Jan.
Feb.
Mar.
Apr.
May |
June
July I
Aug. |
Sept. | Oct.
1. GENERAL BUSINESS INDICATORS
PERSONAL INCOME BY SOURCE t
pillions of dollars]
Seasonally adjusted, at annual rates:
Total personal income
Wage and salary disbursements, total
Commodity-producing industries, total
Manufacturing
Distributive industries
Service industries
Government
Other labor income .
Proprietors' income: ?
Farm . .
Nonfarm
Rental income of persons with capital consumption
adjustment
Personal dividend income
Personal interest income
Transfer payments to persons
Less: Personal contributions for social insurance ...
Total nonfarm income
5,038.5 r 5,046.9
2,905.7 ' 2,908.9
741.9
742.8
564.2
565.3
663.1
663.5
935.7
939.8
r
564.1
563.8
306.4
305.0
4,664.2
2,742.8
745.6
5561
6346
847.8
5148
2710
4,828.3
2,812.2
737.4
5569
6474
883.9
5436
288.3
4,863.4
2,833.1
739.7
5598
654.1
896.0
5433
292.1
4,889.3
2,835.4
744.3
5657
650.0
896.6
5446
293.6
4,887.4
2,838.5
737.3
5605
653.2
901.4
546.5
295.0
4,944.9
2,861.2
742.9
565.4
655.4
914.8
548.1
296.4
4,943.2
2,852.8
733.9
5571
654.4
911.7
552.8
297.8
4,988.7
2,884.9
737.1
561.1
664.9
928.0
555.0
299.2
5,009.6
2,895.0
739.6
561.6
663.4
936.1
556.0
300.7
5,015.4
2,890.6
741.2
563.6
661.0
929.8
558.6
302.1
5,032.7
2,907.6
745.3
566.3
664.7
936.3
561.3
303.6
41.7
325.2
35.8
332.2
28.6
338.2
40.9
339.7
29.1
339.5
43.8
340.7
30.5
349.0
40.7
354.8
49.0
356.9
48.1
358.6
36.1
359.2
31.4
361.9
-123
140.3
6945
6858
224.8
45996
-104
137.0
7006
771 1
238.4
47704
-86
135.4
7042
7815
241.1
48130
-12.3
134.7
7038
794.1
240.7
48265
-4.8
134.3
703.4
793.7
241.2
48365
-2.8
133.8
702.6
811.7
242.5
4 879.3
-4.2
133.6
693.1
835.5
244.9
48907
-6.2
133.8
684.4
844.3
247.3
4,925.8
-3.2
134.2
676.9
848.2
248.2
4,938.2
-1.2
135.4
676.0
854.2
248.3
4,944.9
3.3
136.6
675.2
860.9
249.8
4,973.9
8.0
137.9
674.4
864.1
249.9
4,984.4
4,664.2
621.3
4042.9
3,867.3
3,748.4
464.3
1,224.5
20597
1096
4,828.3
618.7
4 209.6
4,009.9
3,887.7
446.1
1 251.5
21901
112.5
4,863.4
621.4
4,242.0
4,051.0
3,928.7
455.5
1,252.1
2221 1
112.4
4,889.3
621.6
4,267.7
4,043.1
3,920.8
451.1
1,249.5
22201
112.6
4,887.4
621.2
4,266.2
4,068.8
3,946.5
450.2
1,251.7
2 244.7
112.6
4,944.9
624.1
4,320.9
4,084.4
3,961.5
450.0
1,253.0
2,258.5
113.3
4,943.2
621.8
4,321.4
4,131.3
4,007.8
469.1
1,272.3
2,266.4
113.4
4,988.7
627.9
4,360.8
4,153.8
4,030.3
475.5
1,280.6
2,274.3
113.3
5,009.6
609.0
4,400.6
4,153.7
4,030.3
463.5
1,269.5
2,297.3
113.3
5,015.4
614.7
4,400.7
4,162.7
4,039.9
462.6
1,274.0
2,303.3
112.4
5,032.7
617.6
4,415.1
4,174.9
4,052.6
468.6
1,280.3
2,303.7
111.9
93
175.6
9.7
199.6
9.9
190.9
9.7
224.5
9.7
197.3
9.7
236.5
10.2
190.1
10.2
207.0
10.2
246.8
10.4
238.0
10.4
240.2
10.4
218.6
'10.6
'10.6
'10.6
"199.7
'207.9
'195.3
43
47
48
48
51
48
49
49
5.3
5.5
5.3
5.0
4.7
4.5
4.6
35165
3 509.0
3,511.3
3,526.4
3,513.4
3,552.5
3,549.3
3,565.9
3,581.9
3,573.3
3,578.6
3,576.1
'3,572.5
'3,584.1
'3,580.9
3,602.9
32604
439.3
1 0565
1,764.6
3 240.8
414.7
1 042.4
1,783.7
3,252.1
420.7
1 ,039.3
1,792.0
3 239.8
415.8
1,037.2
1,786.8
3,250.1
414.8
1 ,034.7
1,800.6
3,257.0
417.6
1,034.7
1,804.6
3,291.7
433.8
1,052.7
1,805.2
3,295.6
437.7
1,055.2
1,802.7
3,280.5
425.6
1,040.9
1,813.9
3,280.3
423.9
1,044.4
1,812.1
3,284.8
427.6
1,048.8
1,808.4
3,300.3
438.6
1 ,043.6
1,818.2
r
3,312.7
'437.8
'1,051.2
'1,823.8
'3,317.0
'440.0
'1,052.4
'1,824.6
'3,325.5
'442.0
'1,052.9
'1,830.6
3,335.1
449.8
1,054.2
1,831.2
115.0
120.0
120.8
121.0
121.4
121.6
121.8
122.3
122.9
123.2
123.4
123.6
123.8
124.2
124.7
109.2
107.0
111.4
109.8
107.5
105.2
104.9
107.5
107.1
106.6
107.3
110.2
'107.9
'111.6
111.6
110.6
1026
108.0
1099
111 6
107.8
101.1
109.2
107.4
107.1
107.9
100.6
105.7
113.0
110.8
115.7
101.4
97.5
111.7
110.4
113.5
102.0
105.6
108.2
107.8
108.7
100.0
117.2
104.6
104.4
104.9
99.3
126.2
103.5
103.1
104.0
100.5
121.2
106.9
106.8
107.0
98.3
110.3
107.7
107.7
107.7
98.5
102.0
107.7
107.1
108.5
98.1
95.9
109.1
108.7
109.6
96.8
100.9
112.3
110.7
114.4
108.0
' 108.9
' 106.0
'112.7
'98.1
'107.5
'113.3
110.4
'116.9
'97.1
'106.8
'113.5
'110.4
'117.4
112.8
111.3
114:8
109.2
107.1
108.4
108.4
108.1
107.4
106.6
107.2
107.6
108.1
108.9
108.5
r
109.4
'109.0
'108.7
109.0
1101
110.8
107.3
108.1
109.6
107.5
108.9
110.4
109.4
109.0
110.6
109.7
109.0
110.6
110.0
108.4
109.9
109.1
107.5
108.7
108.1
108.1
109.4
108.8
108.5
109.8
109.3
109.0
110.6
110.1
109.7
111.4
110.8
109.0
110.5
109.6
'109.6
111.0
'110.4
'109.6
'111.2
'110.4
'109.4
'111.0
'110.3
109.9
111.7
110.8
r
5,054.7
'5,079.1
5,130.2
'2,926.6
'741.9
'563.7
'667.7
'952.7
'564.3
307.9
'2,922.5
'740.0
'563.7
'669.5
'949.0
'564.0
309.3
2,940.8
746.7
568.5
671.6
955.2
567.3
310.8
30.6
363.6
'24.9
'364.4
'39.1
'370.3
374.7
8.5
139.5
670.4
r
869.4
250.4
r
4,993.5
141.3
666.7
'872.5
'251.7
'5,007.0
142.3
663.0
'879.7
'251.5
'5,017.1
143.8
660.0
887.2
252.6
5,051.1
5,038.5 r 5,046.9
619.0
-624.5
4,419.5 rr 4,422.4
4,200.9 4,222.7
4,078.7 '4,100.7
r
480.5
479.8
1,278.3 '1,289.2
2,319.9 '2,331.7
111.4
111.8
'5,054.7
'630.8
'4,423.9
'4,216.0
'4,094.2
'483.1
'1,293.9
'2,317.2
'1112
'5,079.1
'632.8
'4,446.3
'4,251.0
'4,129.2
'485.2
'1,295.9
'2,348.1
'111.3
5,130.2
638.1
4,492.1
4,280.2
4,158.3
494.8
1,299.7
2,363.8
111.3
r
r
'2.1
'4.3
56.0
9.7
DISPOSITION OF PERSONAL INCOME t
[Billions of dollars, unless otherwise indicated]
Seasonally adjusted, at annual rates:
Total personal income
Less: Personal tax and nontax payments
Equals' Disposable personal income
Less: Personal outlays
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Interest paid by persons
Personal transfer payments to rest of the world
(net)
.
....
Equals' personal saving
Personal saving as percentage of disposable
personal income §
Disposable personal income in constant (1987)
dollars
Personal consumption expenditures in constant
(1987) dollars
Durable goods
Nondurable goods
Services
Implicit price deflator for personal consumption
expenditures 1987-100
123.4
10.6
212.0
INDUSTRIAL PRODUCTION
[1987=100]
Not seasonally adjusted:
Total index
By industry groups:
Mining
Utilities
Manufacturing
Durable
Nondurable
Seasonally adjusted:
Total index
By market groups:
Products total
Final products
Consumer aoods
See footnotes at end of tables.
....
96.5
99.0
98.5
SURVEY OF CURRENT BUSINESS
S-2 • November 1992
1992
1991
Annual
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
shown in BUSINESS STATISTICS, 1953-91
1991
SeptTT
Oct. I
Nov. I
Dec!
Jan. I
Feb. I
Mar. I
Apr. I
May I
June I
1062
1036
95.7
1083
1079
1065
111 1
1092
1080
102.5
104.0
1091
107.8
111 5
1102
1078
1107
1076
1107
1077
1097
1072
964
121 4
955
121 6
121 7
July I
Aug. I
Sept. | Oct.
'107.0
'104.7
'98.2
'1088
'111 2
'1084
'96 0
'1224
'1238
'1083
'111 9
'1254
'144.6
'185.5
'1024
'1277
'99 1
'81.0
109.1
109.7
105.9
108.6
111.3
'744
' 1 1 1 .2
802
112.0
"1051
'109.3
'1068
'100.6
'111 2
'110.7
'1087
955
'1220
'1221
'1065
'1122
'1255
'143.4
'182.0
'102.5
'131 5
'101 3
'81.7
750
106.1
'104.6
'1043
1043
'986
'984
'970
M097
r
1090
r
111 2
r
111 7
108.8
'1080
'1109
'1102
'101 1
'1094
1. GENERAL BUSINESS INDICATORS-Continued
INDUSTRIAL PRODUCTION-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
Clothing
Chemical products
Paper products
Energy products
Equipment, total
Business equipment
Information processing and related
Office and computing machines .
Industrial
Transit
Autos and trucks
Defense and space equipment
Oil and gas well drilling
Manufactured homes
Intermediate products
Construction supplies
Business supplies
Materials
Durable
Nondurable
Energy
By industry groups:
Mining
Metal mining
Coal
Oil and gas extraction #
Crude oil
Natural gas
Stone and earth minerals
Utilities
Electric
Gas
Manufacturing .
Durable
Lumber and products
Furniture and fixtures
Clay, glass, and stone products
Primary metals
Iron and steel
Nonferrous ..
Fabricated metal products
Nonelectrical machinery
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments
Nondurable
Foods
Tobacco products .
Textile mill products
Apparel products
Paper and products
Printing and publishing
Chemicals and products
Petroleum products
Rubber and plastics products
Leather and products .. ..
....
102.4
106.1
102.2
107.7
106.5
103.0
107.5
106.7
105.1
106.0
104.6
101.3
101.3
942
96.7
1072
84.3
1069
1053
1016
94.3
1083
1100
1073
1098
1074
97.2
1093
98.3
90.8
1057
1087
1081
1036
99.0
1080
107.6
108.9
109.8
110.3
111.1
110.3
1059
1068
1078
1078
1081
1070
957
935
952
963
1132
1159
1173
1170
119.6
105.9
115.5
124.8
125.6
1067
111 8
127.2
149.6
115.2
123.4
108.0
112.3
121 6
131.5
155.6
108.1
1300
1272
1327
1230
967
892
97.3
965
962
950
952
95 1
953
1085
1179
1264
1120
1180
1268
1093
1181
1268
1068
1183
1247
1064
1194
1246
1070
1208
1251
1089
111.9
1114
1109
1102
1104
1223
130.3
152.2
108.2
131.7
156.0
106.8
121 8
133.4
157.8
104.2
121 4
134.0
159.1
102.3
134.1
160.6
100.7
121 0
134.6
162.4
101 3
121 5
136.0
164.9
101 3
111 3
1222
1094
1199
1331
1305
1295
1242
1292
1289
993
101 1
965
961
849
947
950
1230
137.9
168.2
101 7
131 7
101 3
1106
1243
1072
1123
1245
139.2
170.5
103.4
1333
1056
1102
111 6
124 1
140.4
174.0
1029
89.1
79.0
86.3
88.8
88.1
86.7
86.2
85.6
84.7
84.2
83.6
781
98.3
739
101 7
762
997
792
87.0
758
875
71 8
86.2
1007
792
100.3
746
971
103.3
961
108.3
104.3
965
109.7
104.1
954
110.1
103.9
959
109.4
1038
1039
1040
1044
1039
1044
1044
109.4
950
110.0
955
109.9
1096
967
109.7
1090
978
109.0
1094
1078
1055
1074
1088
1096
1031
1066
1086
1077
1022
1058
1081
1071
1004
1052
1070
1073
1004
1077
1104
1097
101 3
1007
1465
1079
96.0
88.9
1124
1059
1084
94.1
87.4
1091
1058
107.7
1052
89.1
111.8
107.1
1060
1021
1060
1023
1075
1093
1083
1036
1025
1528
101 1
101 4
1502
113.4
109.3
95.5
87.5
1046
95.8
88.4
1078
1531
1101
96.0
88.8
1125
119.3
108.0
110.8
108.5
108.9
112.7
107.3
109.7
113.4
97.7
95.0
95.8
109.9
107.5
107.1
111.6
101.1
105.9
105.8
108.2
109.7
106.1
105.8
112.2
98.9
108.9
108.4
111 0
112.7
104.7
988
1540
1076
978
1058
1081
107 1
1083
1089
1068
1087
1094
1005
100 1
101 3
984
1529
1079
87.5
1056
1064
1442
1073
92.4
88.0
1042
1048
1079
1099
1005
1068
1093
97.5
930
991
997
1076
1102
1104
1006
'977
981
101 9
85.8
1056
85.4
1122
1062
'1063
'1052
1063
1067
1097
1093
1130
'1091
'112.7
'111 2
1107
'1154
956
114.8
'1095
1099
'1081
'97.6
1088
98.4
1027
95.1
1028
1035
1540
1074
1081
1085
1090
1099
1096
1078
96.4
1071
95.2
1006
93.0
1058
97.4
1070
98.8
1070
1076
97.2
1091
101 1
94.4
1023
1082
93.8
1005
94.4
1026
1085
95.4
1003
96.6
1021
100.8
102.4
105.6
101.6
100.4
1044
1029
1005
1008
101.9
101.9
101.8
1235
1101
1231
1228
1107
99.7
101.2
121 9
105.0
989
997
121 4
1033
96.7
1020
1022
1106
1100
1187
1190
1183
95.2
999
92.8
1035
101 3
101 7
987
92.8
1025
981
94.6
1027
1037
101 2
1005
121 9
1181
99.5
1181
107.8
107.6
1079
1096
1101
1096
1095
1095
1096
108.6
1001
100.7
988
105.4
100.6
961
105.0
109.5
102.7
103.2
109.4
98.7
110.1
977
104.4
106.1
109.2
988
103.1
975
107.1
109.6
994
104.7
977
104.6
1120
1121
1144
1142
1145
1148
1144
110.1
108.3
110.2
999
110.9
107.6
110.1
108.0
113.3
112.6
108.6
113.8
109.6
947
102.5
990
107.0
113.5
106.0
113.2
113.0
106.7
112.6
112.6
108.6
113.0
112.7
88.1
85.8
83.9
84.3
83.2
113.4
106.9
114.0
81 4
111 0
102.2
1022
105.5
987
109.0
98.1
959
98.8
980
946
938
871
1066
113.2
830
1107
968
938
1186
992
986
95.0
101 4
1025
999
1000
1229
1109
965
942
95.6
1009
1009
1009
1006
124 1
111 0
980
985
1186
1190
1104
1102
1107
1096
101 3
105.3
978
101 0
106.3
980
107.0
1058
1138
1148
1097
974
101 8
1022
1267
1123
996
940
954
953
1081
101.2
r
1102
1090
"998
'101 0
'97.1
1056
1064
101 8
1025
1022
1264
1122
982
1027
1198
1004
1185
1109
1093
1025
111 0
109.0
106.8
990
105.3
981
107.3
1036
M044
'1026
r
1278
1126
r
967
977
'1185
'111 7
'1098
r
1066
107.1
r
994
'92.4
'84.5
95.5
'1099
1090
'98.7
'1022
'96.2
'1043
'1044
'1042
'1021
'1292
'1130
'101 4
'95.9
'101 9
'1030
'1005
'1008
'1295
'111 9
964
101 2
1190
'976
'976
'118.5
'1078
'1129
'1175
'1075
'117.4
'871
'835
'841
1089
1091
116.5
84 1
117.1
862
117.3
862
556,171
545,424
240,684
123503
117181
157873
57,122
100,751
146867
72,807
74060
546 661
551 ,605
546,145
241 ,479
122344
119135
159111
57,643
101,468
145555
71 ,340
74,215
579 829
543394 '556467
578 553
554,363
247,252
125831
121 421
158982
57,686
101,296
148129
73,832
74,297
559,701
247,216
124789
122427
'552,480
'241,014
'123364
'117650
559,919
245,282
124699
120583
160784 '160999
58,580 '58,254
102,204 '102,745
151 701 '150467
75,351 '75,077
76350 '75,390
161 835
58,894
102,941
1180
BUSINESS SALES
6,489,457
1
2,873,502
1 468 644
1 404 858
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
1 825 507
660,779
1,164,728
1
1 790 448
890,261
900187
See footnotes at end of tables.
6,406,052
6 489 457
1
Manufacturing and trade sales (seas, adj.), total
Manufacturing, total
Durable goods industries
Nondurable goods industries
1
6,406,052
1
2,821 ,699
1,422578
1 399 121
1 842 739
652,951
1,189,788
M 741,614
846,466
895,148
r
548,176
538,952
238,836
121,958
116878
T
154 071
r
55,034
r
99,037
r
146,045
r
71 ,988
r
74 057
563,232
541 ,186
240,912
122,771
118,141
541,579
540,382
240,980
122,814
118,166
r
154 508 154092
r
55,404
54,722
'99,104
99,370
145,766 145,310
71,204
70,855
74455
74562
r
552,437
531,919
232,730
116,869
115,861
491,363
536,977
233,247
118,698
114549
510,044
544,017
154280
55,406
98,874
144,909
70,467
74442
157808
56,919
100,889
145,922
71,280
74,642
159753
57,961
101,792
146366
71 ,644
74722
237,898
121 991
115907
547,081
241,749
123483
118266
158385
57,442
100,943
146947
72,140
74807
1307
1121
'1190
'111 2
'110.0
'1054
'106.7
'1055
'1124
'1177
'1043
'118.5
r
101 7
101 0
'1180
'111 1
'110.3
'1071
'106.9
115.4
829
117.5
95.2
'947
'970
1137
1158
1103
1096
1123
92.7
'968
'994
1058
1134
1170
1085
1130
1654
84.4
[Millions of dollars; constant (1982) dollar series
in billions of dollars]
Manufacturing and trade sales (unadj ) total
101 3
'1650
'1037
'91 8
1073
1102
966
970
109.4
1077
1098
1106
1075
1082
111 0
977
80.1
'988
1077
1107
967
1029
'1077
'1097
'1105
'101 8
1301
1056
'1655
1064
1090
969
82.7
786
1120
146.6
188.5
102.7
1120
111 4
934
98 1
1128
1267
1006
84.5
1107
1080
942
1287
r
952
1223
1246
1093
M637
86.5
1097
1059
927
1244
141.9
178.0
r
1034
1085
986
939
86.9
1062
1035
1664
1076
111 8
980
1542
1040
1086
988
908
96.8
1169
975
r
972
1558
1030
91.9
86.4
1036
1074
1235
1098
1024
1004
1182
111.4
105.5
106 1
965
1090
94.1
99.1
95.0
99.6
98.2
1265
1094
996
151 5
960
1074
r
131 8
101 7
801
90.6
108.6
'1066
100.5
'1103
110.8
r
1086
r
968
121 5
121 9
1048
91.0
94.1
85.4
109.3
r
152802
75,417
77,385
1112
1103
1035
1050
974
1066
1127
1178
111 0
117.3
846
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
shown in BUSINESS STATISTICS, 1953-91
.
1990
Annual
|
November 1992 •
1992
1991
Sept.
1991
|
Oct.
Nov.
|
Dec.
Feb.
Jan.
I
Mar.
Apr.
May
June
July
831 591
827 531
823 801
829131
Aug.
Sept.
829 935
834 823
1. 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
826 239
818459
Manufacturing and trade inventories, book value
(non-LIFO basis), end of period, (seas, adj.),
total
818459
r
839717
822418
824 672
825 505
828184
824150
824 609
826 204
828 630
828 032
831 872
835 373
r 836 972
389552
251 319
138233
388 555
249 738
138817
388 279
249 202
139077
386043
246 966
139077
384434
245*754
138680
383 255
244 395
138860
383 239
243 787
139452
382 206
242 512
139694
383 286
242 447
140839
382854
241 891
140963
383 491
241 258
142233
r
238 480 240 746
116206
117,293
122 274 123453
240 879
116873
124 006
243162
117,454
125 708
240 986
115918
125 068
241,938
117,259
124679
244 288
119827
124461
247 992
122884
125108
247349
122694
124655
248813
123 198
125615
251 382
124 421
126961
r
250 302
124 348
125 954
251 723
124237
127486
196347
128,126
68221
198979
130,566
68413
198730
129,517
69213
199416
129,834
69582
198677
129,059
69618
198432
129,203
69229
197397
129,402
67995
200 205
131,211
68994
200 500 r201 074
130,968 "1 32,274
r
69523
68 800
201 004
133,173
67831
r
835 985
828184
398851
259 746
139105
386043
246 966
139077
Retail trade, total
Durable goods stores
Nondurable goods stores
240217
119,331
120886
243 162
117,454
125708
r
Merchant wholesalers total
Durable goods establishments
Nondurable goods establishments
196917
130,793
66124
198979
130,566
68413
r
r
843 679
819315
Manufacturing total
Durable goods industries
Nondurable goods industries
r
194 386
M 27,527
r
66 859
195371
127,192
68179
819052
824 489
826 727
837310
385 596 384 583
242 036 240 741
r
143 560 143842
r
r
r
Manufacturing and trade inventories in constant
(1982) dollars end of period (seas adj ) total
Manufacturing
Retail trade
Merchant wholesalers
BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade, total
1.53
1.52
1.53
1.56
153
152
1.51
1 51
152
1 50
1 49
Manufacturing, total
Durable goods industries
Materials and supplies
Work in process
Finished goods
1.63
1.61
1.61
1.66
1.65
1.61
1.59
158
1.59
155
1.55
206
56
98
51
203
56
97
51
203
56
97
51
211
58
200
55
95
50
1 97
1 96
1 98
1 92
1 93
53
207
57
98
52
54
93
50
54
92
50
55
93
51
53
89
49
54
89
50
1 18
1 18
1 18
1 20
1 21
1 20
1 19
1 18
1 18
1 16
1 16
.44
19
55
.44
19
55
.44
19
55
.45
19
56
45
19
57
.44
19
56
.44
19
56
44
19
55
.44
19
56
43
19
54
43
18
54
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
1 01
r
1 51
1 50
1 60
1 96
1.57
1 23
1 93
54
89
50
1 19
44
19
56
1 56
211
1 24
1 34
1 32
1.76
1.77
r
55
r 91
51
1 22
45
r
20
58
1 55
1 56
1 56
1 58
1 53
1 51
1 55
1 57
1 55
1 57
1 56
M 55
211
212
214
212
204
202
210
214
213
214
212
"213
1.23
1.25
1.25
1 27
1.24
1.22
1.24
1 24
1.23
1 24
1.24
1.33
1.77
1.34
1.35
1.37
1.81
1.85
1.36
1.81
1.35
1.77
1.35
1.79
1.36
1.79
1.36
1.82
1.35
1.78
1.32
1.74
1.81
90
91
92
92
93
93
94
93
92
93
91
r
91
88
Manufacturing and trade in constant (1982) dollars,
total
Manufacturing
Retail trade
Merchant wholesalers
MANUFACTURERS' SHIPMENTS, INVENTORIES,
AND ORDERS t
[Millions of dollars]
2 873 502
2 821 699
254174
250716
241 483
226829
210 835
233 875
250588
240 550
243 922
264164
226244
Durable goods industries, total
Stone, clay, and glass products
Primary metals
Blast furnaces steel mills
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Motor vehicles and parts
Instruments and related products
1,468,644
63,468
146 052
62121
163,053
256,344
194,849
367,927
214964
123,777
1,422,578
57,103
129969
54876
156,877
242,835
199,544
363,218
206 379
123,945
130,137
5,292
11 429
4829
13937
22,032
18,551
34372
19588
10,981
127,915
5,220
11 516
4909
14,392
20,151
17,038
35,419
22117
10,500
122,547
4,798
10685
4506
13421
19,579
17,751
32960
19201
10751
115,517
4,012
9548
104,302
4,136
10361
4600
11 602
16,941
14,694
25928
15964
9035
120,146
4,496
11 060
4730
13068
19,325
16,601
32721
19626
9885
131,400
4,949
11 290
4885
13,666
23,580
18,158
34928
20375
11 002
123,510
5,222
11 372
4830
13233
20,116
16,508
33610
20735
9962
124,991
5,322
11 438
4802
13,506
20,094
16,887
34335
22227
10036
137,601
5,833
11 818
4984
14396
25,167
18,640
35714
21 134
11 300
109,301
5,371
10401
Nondurable goods industries, total
Food and kindred products
Tobacco products
Textile mill products
1,404,858
384009
29923
65,951
1,399,121
387,050
32273
67.756
124,037
34117
118,936
32749
3682
6,116
111,312
31,791
3025
5,332
106,533
29318
1 734
113,729
31 778
119,188
33158
117,040
32300
1 849
5759
6264
118,931
33567
2484
6002
126,563
33670
4304
6760
116,943
31 393
6,491
122,801
33,623
2590
6,514
131444
288,184
172589
101,398
124367
289,039
160391
103,602
10720
25,158
13873
9,318
10635
24,156
13959
9,413
10114
23,035
13690
8,358
9948
22,598
12425
7,745
10023
23298
11 037
8,285
10437
24040
11 259
8,945
10615
25282
11 690
9,288
10280
25426
12831
10227
25185
13546
9060
10960
26486
14523
9640
10438
24088
14283
8653
238 836
240912
240 980
232 730
233 247
237 898
240684
241 749
241 479
247 252
247216
121,958
4889
11 030
4764
13,241
20120
16,916
32,724
18836
10,343
122,771
122,814
116,869
4684
10620
4573
13,084
19731
17201
28,778
16716
10,255
118,698
4785
10,857
4698
13,043
20194
16,531
30,003
17309
10,130
121,991
4850
1 1 ,066
4,764
13,077
20055
16,811
32,604
18812
10,276
123,503
4952
10,948
4,689
12,957
20871
17,249
32,617
19128
10,331
123,483
5094
11 112
122,344
124,789
13,136
20616
17184
32,488
19472
10,461
11.223
4665
13,044
20622
17,157
31 ,880
19775
10,106
125 831
5320
11 291
116,878
32,355
2806
5,914
10,473
24168
12,768
8.946
115,861
32,369
2504
5,812
10,367
23725
12,474
8.666
114,549
31,648
2,689
5,917
10,293
23989
11,576
8,948
115,907
32,219
2,576
5,917
10,373
23993
12,382
8.963
117,181
32,392
2,720
6,036
10,407
24047
12,749
9,038
118,266
33,186
119,135
32.940
Shipments (not seas adj ) total .
•
Paper and allied products .
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
Shipments (seas adj ) total
By industry group:
Durable goods industries total #
Stone clay and glass products
Primary metals
Blast furnaces steel mills
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Motor vehicles and parts
Instruments and related products
Nondurable goods industries total #
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and elastics oroducts
See footnotes at end of tables.
.
.
3197
S-3
4801
4771
10,948
4699
13,572
20327
16881
33,222
19405
10,451
10,845
4,609
13,624
20463
17,210
32,495
18679
10,569
118,141
32,539
118,166
32,760
2721
3190
5,987
10,431
24381
13,135
9.000
5,901
10,311
23842
13,266
8.812
4117
12,118
21,713
17,666
28237
13583
11,118
5131
2013
3241
5917
9195
4713
5184
2111
2165
6,043
10,387
24502
13,213
8,978
6.033
10.386
24958
13,640
8.790
4301
12192
18,219
16,162
24811
13562
9236
2351
5374
5518
13,411
21 622
17293
32,835
19515
10,472
11 166
4640
13,395
21 050
18143
31 ,574
19035
10,161
121,421
32,390
3522
6,173
10,503
25315
14,399
8,890
122,427
32,666
3304
6,198
10.668
25458
14,205
8,989
4731
r
262 590
r
133,896
6,072
11 335
4762
14233
23,179
19,845
32978
19572
11 212
128,694
35504
4064
6772
10749
26072
14175
242 572
122,1 49
T
5,832
r
11 132
M660
r
13 488
r
19,503
r
17,158
r
30917
M9317
9786
r
120,423
r
32 745
r
1 994
'6447
M0711
r
24 672
r
13 926
r
8959
r
241 014
r
9143
245 282
123 364 124,699
r
5555
5428
10872
10921
4637
M628
r
13,472
13,400
r
20 924 21 042
r
17 293 18047
r
31 ,673
31,210
r
19 494 18886
V
10,479
10,118
r
r
117,650 120583
32,662
33,540
r
2045
3568
r
6;084
6149
r
10,502
10,476
r
24 637 24897
M3111
12814
'8.791
8.758
r
Oct.
SURVEY OF CURRENT BUSINESS
S-4 • November 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
shown in BUSINESS STATISTICS, 1963-91
Annual
1990
|
1991
1991
Sept. |
Oct. |
1992
Nov. |
Dec.
Jan.
Mar.
Feb.
Apr. |
May |
June |
July |
Aug.
Sept.
1. GENERAL BUSINESS INDICATORS-Continued
MANUFACTURERS' SHIPMENTS, INVENTORIES,
AND ORDERS-Continued t
[Millions of dollars]
Shipments (seas, adj.)—Continued
By market category:
Home goods and apparel
Consumer staples .
Machinery and equipment
Automotive equipment
Construction materials and supplies
Other materials, supplies, and intermediate
products
Supplementary series:
Household durables
..
Capital goods industries
Nondefense
Defense ..
.
173073
646854
462,558
110,302
178379
181 320
648872
457,838
103,971
169189
15518
53965
39,199
9,504
14416
15813
54449
39,835
9,691
14441
16085
55051
39925
9,429
14594
15726
53645
37,078
8,615
14390
15946
52913
37,841
8,659
14489
15925
53275
39,015
9,424
14875
16275
53811
39934
9,526
15073
16314
54288
39299
9,723
15226
16497
54600
38,751
9,808
15249
16492
56216
40,895
9,717
15412
17112
56533
39,905
9,569
15434
M6799
r
54 006
r
39,548
r
9,900
17095
56,490
40,171
M5311
15,720
962115
928 029
78367
78786
78133
76064
77041
78223
78842
79566
79415
80983
80736
r
79141
78,356
468,590
363,718
104872
80,036
467,572
365,708
101 864
6,907
39,828
30,927
6943
40,170
31,509
8901
8661
7,107
40216
31,643
8573
6,725
37,692
29,422
8270
6,851
38,417
30,168
8249
6,854
39,668
30,930
8738
7030
40244
31,950
8294
7094
39282
30,896
8386
7,018
38,443
30,603
7,840
6,960
40,887
32,830
8057
7,353
39,923
31,847
8076
392,493
254508
137985
379,926
241 915
138011
387,889
250 126
137763
388,727
249622
139105
387 971
248 831
139 140
379 926
241 915
138011
383,927
244639
139288
385,716
245 863
139853
383614
244 207
139407
384499
244122
140377
385,623
244 562
141 061
381,008
241 110
139898
383,467
241 616
141 851
398 851
386 043
389 552
388555
388 279
386 043
384 434
383 255
383 239
382 206
383286
382854
383 491
r
385 596 384583
259,746
8,162
22195
10961
24551
49,118
32544
76931
13070
25,643
246,966
8,006
20187
9995
22693
46,406
30852
74469
12806
24,636
251,319
7,948
20771
10,260
22954
47,798
31 372
75992
12799
24,916
249,738
7,902
20619
10,132
22937
47,634
31 172
75177
12839
24,812
249,202
8,000
20427
10049
22998
47,205
31 070
75404
13022
24,562
246,966
8,006
20187
9995
22693
46,406
30852
74469
12806
24,636
245,754
7,948
19875
9,853
22939
46,110
31 002
73673
12366
24,362
244,395
7,966
19751
9870
22791
45,613
31 006
73263
12297
24,166
243,787
7,919
19896
9858
22717
45,324
30977
73028
12387
23,999
242,512
7,903
19864
9737
22750
45,122
30919
71 892
12336
23,890
242,447
7,924
19835
9,748
22982
45,057
30871
71 531
12284
23,874
241,891
7,955
19835
9,816
22973
44,845
31 009
70889
12284
23,918
241,258
7,941
19833
9,828
23258
44,906
30895
70146
12230
23,920
r
240,741
7,993
19,896
72,697
122564
64485
67,645
117575
61 746
68,773
120114
62432
68,562
118868
62308
68,264
118751
62187
67645
117575
61 746
67,566
116593
61 595
67,002
115848
61545
66542
115330
61 915
66535
114004
61 973
66,735
113727
61 985
67,304
1 12 540
62047
66,800
111 644
62814
139,105
28857
5946
8822
13448
33405
13,236
11 800
139,077
30038
6408
8623
13532
34082
11,286
11 120
138,233
29716
6,424
8687
13249
33,650
12,039
11 150
138,817
30012
6,433
8708
13426
33747
11,660
11 164
139,077
30032
6236
8588
13508
34050
11,722
11 182
139,077
30038
6408
8623
13532
34082
11,286
11 120
138,680
29857
6,472
13630
33,750
10,887
11 123
138,860
29951
6,519
8752
13599
34,003
10,826
10980
139,452
30260
6499
8750
13634
33924
11,118
10891
139,694
29849
6630
8763
13738
33997
11,206
10910
140,839
30309
6,843
8849
13759
34033
11.473
10957
140,963
30531
6,460
8942
13554
33,893
11,823
11 077
142,233
30558
6,751
9032
13631
34,221
12,071
11 112
51 603
22434
65068
51,890
22002
65185
51,508
22383
64342
51,811
22449
64557
51,440
22101
65536
51890
22002
65185
51 ,608
22218
64854
51 ,555
22352
64953
51 750
22374
65328
51 880
22578
65236
52060
22611
66168
52,528
22645
65790
52962
22643
66628
52 782
r
22 957
r
67 821
52,837
23108
67897
26916
56675
91 328
6853
23529
27067
57711
89997
6624
22392
26,290
57663
90936
26,743
57788
90413
6649
22591
27067
57711
89997
6624
22392
27,545
57190
89853
6,535
22324
27,725
57482
88880
6456
22453
27933
57918
88071
6499
22613
28168
57963
87593
6403
22730
28510
58697
87404
6347
22919
28,874
58329
87332
6340
23060
29014
59073
87218
r
'59612
22675
26,505
57859
90465
6553
22536
29,159
59424
88204
6,482
22964
132718
126107
127733
127 404
127285
126107
125404
125159
125105
124832
125298
125430
125,705
13277
127422
87 194
40228
12714
121 587
85357
36230
12523
124730
86628
38,102
12512
123500
85988
37,512
12654
122951
85880
37,071
12714
121 587
85357
36230
12876
120,910
85239
35,671
12834
119706
84297
35,409
12848
119029
83535
35,494
12857
117709
83020
34689
12946
117415
82701
34,714
13046
116,476
82312
34,164
13046
'13061
115,812 '115996
r
82130
83 091
r
33,682
32,905
New orders, net (unadj.), total
Durable goods industries total
Nondurable goods industries total
2,885,005
1 479 884
1 405 121
2,805,293
1 404 750
1 400 543
249,046
124711
124335
246,333
124 100
122233
238,726
120 173
118553
224,698
113420
1 1 1 278
213,117
106539
106,578
230,845
116923
113922
249,552
129515
120037
239,643
122551
117092
240,441
121 808
118633
259,174
132795
126,379
222,388
105043
117345
r
r
120 425 128,321
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
2 885 005
2 805 293
233 703
238542
238 679
229925
232 467
233388
237 606
240 771
238696
244542
242 307
r
236 880 239444
1,479,884
146569
62620
71 357
161 289
255 709
194958
383 142
140,080
1,404,750
127631
53713
63264
155748
238 988
198231
357 473
126216
116,528
10,946
4709
120,227
10,699
4712
5081
117,750
11,216
4,751
120,187
10,632
4636
122,393
1 1 ,061
4706
5138
5601
5014
5410
13369
19660
16817
31 643
10,246
13,266
20447
16824
28,767
9,420
13,043
19973
16571
29,100
8,102
12732
20623
16738
31 191
10,322
12594
20 141
17170
32984
10535
119,808
11,117
4648
5382
12645
20078
17081
30810
8,886
123,164
11,505
4,852
5381
113,921
10143
3935
5239
13009
19195
17571
27628
9,290
118,011
10,125
4,056
13,104
20649
16496
27,500
6,564
120,343
10,712
4276
5572
13426
19771
17070
32415
12,228
119,861 " 11 9,376 119,204
9,986
11,288 M1.147
r
4594
4,392
4,635
4697
5740
'5571
13,869
12906 '13142
r
21 162
20 547
20678
r
18351
18157
17 343
r
27610
28 399 26340
r
7,367
6,249
7,089
Nondurable goods industries, total
Industries with unfilled orders *
Industries without unfilled orders 0
1,405,121
350 008
1,055,113
1,400,543
341 602
1,058,941
117,175
28765
88,410
118,315
28914
89,401
118,336
28734
89,602
116,004
28477
87,527
114,456
27,769
86,687
115,638
27755
87,883
117,419
28575
88,844
118,378
28495
89,883
118,888
28225
90,663
121,378
28689
92,689
122,446
29409
93,037
173396
646 681
485 646
109,981
178313
182049
648860
448541
104,138
169809
15,839
53956
37,639
9,733
14450
16,006
54505
38,560
9,672
14392
16,185
54988
41,266
9,384
14344
16,003
53581
34,716
8,556
14416
15,720
52,957
37,497
8,670
14613
15,762
53264
37,772
9,438
14790
15,862
53795
39,828
9,487
14991
16,477
54294
38249
9,775
15313
16,347
54593
39,213
9,822
15209
16,814
56209
39,210
9,700
15396
17,192
56580
37,781
9,544
15379
959,719
926,755
77,954
77,485
78,193
75,066
76,831
77,830
77,812
79,674
78,174
80,143
80,242
77,847
481 626
386723
94.903
80283
452 000
358342
93.658
7,030
33821
28,762
5.059
7,082
37914
29,453
8.461
7,111
38012
33066
4.946
6,937
35394
26969
8.425
6,643
38168
30,093
8.075
6,826
35589
29,463
6.126
6,714
38893
32,163
6.730
7,269
38002
29,901
8.101
6,905
36323
30,469
5,854
6,952
38120
30,953
7,167
7,388
34,926
29,296
5,630
Inventories, end of year or month:
Book value (non-LIFO basis), (unadjusted), total
Durable goods industries total
Nondurable goods industries total
Book value (non-LIFO basis), (seasonally
adjusted) total
By industry group:
Durable goods industries, total #
Stone, clay, and glass products
Primary metals
Blast furnaces steel mills
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Motor vehicles and parts
Instruments and related products
By stage of fabrication:
Materials and supplies
Work in process
Finished goods
Nondurable goods industries, total #
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
By stage of fabrication:
Materials and supplies
Work in process
Finished goods
By market category:
Home goods and apparel
Consumer staples
Machinery and equipment
Automotive equipment
Construction materials and supplies
Other materials, supplies, and intermediate
products
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
By market category:
Home goods and apparel
Consumer staples
Machinery and equipment
Automotive equipment
Construction materials and supplies
Other materials, supplies, and intermediate
products
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
See footnotes at end of tables.
6531
8721
5631
13,210
21 239
17477
31 391
9,921
78 972
r
r
7194
7,281
38,91 6
39,940
31,848
8,092
'31,173
'7743
r
9,581
386 989 383,011
239 649
143 564 143362
r
243 425
r
242,036
r
8,023
M9974
'9823
r
23310
r
45,1 61
'31 097
T
70 330
M2483
"23,867
r
r
67,304
31 022
69,525
12658
23,905
67,416
1 1 1 741 110657
r
r
62991
62,668
143,560
'30713
143,842
30,603
6,698
9099
13,758
34,994
11,911
r
r
r
6,91 3
9093
13 744
34 733
r
'11,985
r
11 195
r
r
29 143
88 196
r
6431
'22998
6318
23062
r
r
9,719
23194
44,997
126 331 126,338
236,506
116081
r
11 320
117,504
r
27 964
' 89,540
r
r
r
16,900
53 997
36,984
'9,874
12961
114,556
82871
31,685
256,458
128137
120,240
28235
92,005
16,968
56497
38,531
9,560
r
15 283
15810
r
78,473
78,133
'7,161
7,293
35,282
30,362
4,920
r
r
34,61 5
28,1 53
'6,462
Oct.
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
Annual
S-5
1992
1991
Sept. | Oct.
1991
1990
November 1992 •
Nov.
Dec.
Jan. |
Feb. |
Mar. |
Apr. |
May |
June |
July |
Aug. |
Sept. | Oct.
1. GENERAL BUSINESS INDICATORS-Continued
MANUFACTURERS' SHIPMENTS, INVENTORIES,
AND ORDERS-Continued ft
[Millions of dollars]
Unfilled orders, end of period (unadjusted), total
Durable goods industries total
Nondurable goods industries with unfilled orders * .
Unfilled orders, end of period (seasonally adjusted)
total
By industry group:
Durable goods industries, total #
Primary metals
Blast furnaces, steel mills
Nonferrous and other primary metals
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Aircraft, missiles, and parts
Nondurable goods industries with unfilled
orders ?
By market category:
Home goods and apparel
Consumer staples
Machinery and equipment
Automotive equipment
Construction materials and supplies
Other materials, supplies, and intermediate
products
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense ..
518,671
497 552
21,119
502,265
479 724
22,541
511536
488010
23,526
507 153
484195
22,958
504 396
481821
22,575
502265
479 724
22,541
504547
481 961
22,586
501,517
478 738
22,779
500,481
476 853
23,628
499,574
475894
23,680
496,093
472 71 1
23,382
491 103
467 905
23,198
487247 "481 181
r
463 647 457 579
r
23,602
23',600
521811
505 631
513107
510737
508 436
505 631
504 851
500341
497 263
496 285
493 502
490792
485 883
r
499,828
24176
9,918
10,974
482,208
21 784
8,738
10,072
490,171
22643
9,696
10,006
487,627
22394
9709
9,773
485,156
22261
9,376
10,031
482,208
21 784
8,738
10,072
481,521
21 052
8096
10,011
477,280
21202
8,083
10,307
473,964
20886
8,030
10,056
472,874
20835
8023
10,047
470,338
20729
8006
9,873
467,671
20943
462,743
21 065
r
25603
57,185
43,612
275,248
238,202
24469
53,398
42,307
269 367
234,666
24945
55,293
42,141
272,176
235,798
24742
54,626
42,077
270 597
234,578
24-544
53,934
41,937
270517
235,285
24469
53,398
42,307
269 367
234,666
24692
53,651
42,600
268131
233 529
24658
53,569
42,360
264 627
230,162
24433
53,321
41,849
263 201
229,522
23891
52,846
41,835
263697
229,303
23492
52,302
41,759
262 627
228277
23291
51,919
41,943
261 183
227160
21983
23423
22936
23110
23280
23423
23330
23061
23299
23411
23164
23121
8127
8122
9,958
10,125
481 749
475049
451 820
23,229
475 91 1
458,755 453 260
r
21 291
20405
r
8088
7843
T
9,820
10,383
r
22802
22 544
22941
r
51547
51 170
51,290
41,957
42,311
"42,007
257219 r253 945 249 075
224107 "221 668
218083
23140
r
22994
r
22651
9,150
1,257
223,822
1,519
13375
10,076
1,244
214466
1,689
14004
9,506
1,315
216762
1,811
14277
9,699
1,372
215486
1,793
14229
9,799
1,308
216827
1,748
13978
10,076
1,244
214466
1,689
14004
9,850
1,288
214121
1,701
14128
9,687
1,276
212 879
1,715
14043
9,274
1,260
212773
1,676
13961
9,437
1,266
211 722
1,727
14048
9286
1,259
212185
1,741
14007
9608
1,253
210 500
1,725
13991
9,689
9,790
r
1,299
1,290
208 375 "205811
r
1,674
1,700
13935
"13907
9664
1,297
204172
1,653
13997
124677
123,368
125,608
124,305
124367
123,368
123 158
122765
121,734
121 843
120 604
119762
119270 "118771
117762
5336
384,678
238113
146,565
5475
382,422
236 057
146365
5479
380,218
237 480
142 738
377,920
235 027
142893
5483
377,671
234 952
142719
5455
373,592
233485
140,107
372,241
233 698
138,543
370,961
232 703
138258
368,841
232 569
136272
366,074
230 692
135382
"5195
5228
361,077 "356,776
228 141 "225121
132936 "131 655
5207
352,118
223 635
128483
47,840
52,284
54000
53,892
46,419
54,165
52,951
52,898
59,940
57,469
52,917
55,065
62,282
57,403
58111
54,462
52664
48,673
58248
58,718
6546
1 707
8550
8059
9102
2215
2201
864
545
1 108
1 043
2507
1 179
5261
5691
393,439
242 409
151 030
377,920
235 027
142 893
643022
628,567
60432
16063
8072
5090
12,826
4376
87113
22644
11 783
640441
67673
2,905 2
6,829.7
77160
2,414.8
87 750 6
47 421 7
38936
11,103.3
69843
3,910.0
5691
5139
5314
5201
5193
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
Wholesale trade
Liabilities (current) total
Commercial service
Construction . ..
Manufacturing and mining
Retail trade
Wholesale trade
Failure annual rate, number per 10,000 concerns
'6889
r
1 757
r
891
6915
16,953
6075
r
r
548
1414
r
8485
2255
1 137
669
1652
7167
1867
1,044
562
1,357
1,282
729
1723
654
728
1,628
1,832
8643
2473
1 110
626
1683
7741
2196
1 057
570
1430
8437
2257
1 157
648
1635
8580
2406
1 091
629
1 628
632
552
436
685
613
617
565
491
567
586
"54720 101262
r
8683
5786
' 202.2
200.4
r
339.3
1,252.2
3706
"8765
r
3183
178.9
52601
1 1488
229.2
297.0
2277
777.1
66599
23729
280.9
331.5
6870
545.0
84457
26607
68392
1 3836
63257
1 0261
3856
669.6
7 881 2
6296
27569
1,938.3
7996
120202
2551 7
139320
1 0576
35750
9972
3203
325.4
3458
231 7
531
2190
1698
6209
15908
5528
534.1
24446
2305
5155
2629
952
1979
1903
520.9
6359
44997
180.4
4833
1254
7923
7522
2317
2114
973
611
1573
551
9031 7
7321
1591
1,901 0
1 3946
1 7400
943
572
1 432
525
32157
7446
1380
169.3
3463
2066
75.0
2. 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 drains
Ruit . . ::TiT"i".i\.i™."..i.;
Tobacco
Livestock and products #
Dairy products
Meat animals
Poultry and eggs
Prices paid:
Production items
All commodities and services, interest, taxes, and
waoe rates (parity index)
Parity ratio §
681
548
707
548
388
338
694
1483
666
561
677
553
371
316
992
1 559
820
837
776
747
1,088
1,047
298
282
988
1 003
1 265
1 299
54
51
672
593
580
547
367
324
1,434
1 552
754
783
991
280
651
544
579
529
363
351
1,007
1548
762
826
997
274
636
538
764
514
365
370
802
1582
737
844
940
270
626
521
565
469
368
390
771
1 570
735
844
935
271
998
1298
52
50
49
48
630
532
682
436
377
400
766
1530
732
826
941
263
649
552
826
419
388
424
778
653
644
643
640
630
633
"631
565
972
421
389
417
754
546
729
439
391
408
780
533
613
441
393
407
753
528
600
480
390
382
718
506
681
467
369
354
566
505
773
454
348
339
599
"506
"778
"444
'343
"358
"589
1,521
1 700
750
789
997
254
745
764
998
254
1 409
1 409
1 348
1 439
747
764
758
789
757
807
768
826
1,002
1,011
1,000
253
257
259
760
820
996
267
1409
1,007
272
1 587
"762
"826
"994
273
631
504
882
442
327
368
571
1 578
764
826
999
273
993
1 005
"1 011
1 009
1 303
1 314
"1322
1 324
48
49
48
48
CONSUMER PRICES
[1982-84=100]
Not seasonally adjusted:
All items, wage earners and clerical workers (CPIAll 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.
. .
1290
1343
135.2
135.4
135.8
135.9
136.0
136.4
137.0
137.3
137.6
138.1
138.4
138.8
139.1
130.7
136.2
137.2
137.4
137.8
137.9
138.1
138.6
139.3
139.5
139.7
140.2
140.5
140.9
141.3
141.8
1282
1303
1335
134.5
137.4
134.8
134.6
137.7
134.9
135.0
138.0
135.2
135.0
138.1
135.3
135.1
138.3
135.5
135.5
138.8
135.9
136.2
139.5
136.5
136.6
139.7
136.7
136.9
140.1
136.9
137.2
140.7
137.4
137.3
141.1
137.6
137.7
141.4
138.0 ,
138.4
141.8
138.4
138.9
142.4
138.8
128.8
136.1
133.8
139.6
SURVEY OF CURRENT BUSINESS
S-6 • November 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 190-91
1991
Annual
1990
1991
Sept.
1992
Oct. | Nov.
Mar.
Apr.
May
1276
1284
1288
1324
1268
1291
1328
1292
1328
1290
1293
1299
132.1
126.2
117.9
123.0
128.1
118.5
124.5
132.5
127.8
118.6
124.3
133.0
127.9
118.5
124.3
133.8
129.1
118.5
125.1
Jan. | Feb.
Dec.
June
July | Aug.
Sept. |
Oct.
2. COMMODITY PRICES-Continued
CONSUMER PRICES-Continued
[1982-34=100, unless otherwise indicated]
Not seasonally adjusted-Continued
All items (CPI-U)—Continued
Commodities
Nondurables
Nondurables less food
Durables
Commodities less food
Services
Food#
Food at home
Housing
.
Shelter #
Rent residential
Homeowners' cost Dec. 1982=100
Fuel and other utilities #
Fuel oil and other household fuel
commodities
Gas (piped) and electricity
Household furnishings and operation
Apparel and upkeep
Transportation
Private
New cars
Used cars
Public
Medical care
Seasonally adjusted
All items, percent change from previous month or
year
Commodities
Commodities less food
Food
Food at home
Apparel and upkeep
Transportation
Private
. .
New cars
Services
1228
1260
119.9
1266
1303
1271
1272
131 0
113.4
117.4
124.5
116.0
121.3
1259
1159
122.1
131 0
126.1
116.3
122.4
123.0
131 1
125.5
117.2
122.4
121.6
131.1
124.9
117.6
122.1
118.2
123.5
128.0
118.4
124.4
1392
1463
1479
1481
1483
1488
1496
1501
1507
1508
1509
1517
1525
1530
1532
132.4
136.3
136.0
135.8
136.2
136.7
137.2
137.5
138.1
138.1
137.4
137.4
137.2
138.0
138.5
1323
1358
1349
1344
1350
1355
1364
1366
1375
1374
1362
1361
1357
1369
1374
1350
1482
1452
1530
1160
1357
1492
1454
1532
1162
136.1
136.6
136.5
136.7
1504
1464
1502
1462
1502
1463
137.7
151 1
153.5
154.1
154.2
154.4
155.0
147.0
155.8
138.4
151.9
147.2
156.0
1159
1158
1158
1168
1190
138.3
151 8
147.0
155.5
119.4
138.6
1498
1456
1194
1198
92.0
1128
91.5
1120
90.5
89.9
111 3
90.1
1174
89.7
117.3
130.2
124.1
122.0
128.1
116.1
118.2
186.2
133.3
125.2
122.9
128.2
117.9
154.7
188.1
117.9
133.1
126.3
124.3
128.4
120.5
151.6
188.7
117.6
118.4
129.2
127.2
125.5
127.8
124.8
148.3
190.7
117.5
118.3
130.2
126.9
125.4
127.6
126.4
146.7
191.5
89.7
1185
116.7
111 5
117.7
133.4
124.4
122.2
128.2
115.7
153.5
187.3
89.8
1130
90.0
111 2
116.5
94.7
1124
1163
.1
129.3
.2
130.0
125.1
139.1
138.1
132.1
1278
1315
1267
1170
1275
1272
1306
1242
1174
130.3
134.2
129.8
119.2
125.7
153.7
138.3
137.2
138.5
152.5
148.0
156.8
118.5
128.5
133.6
134.7
134.7
134.7
1400
1384
1463
1433
1477
1446
1479
1450
144.6
111 6
150.2
1474
1446
1516
1168
152.1
152.6
1157
1153
99.3
1093
94.6
1126
90.9
1129
94.8
113.3
124.1
116.0
128.7
88.9
1155
1164
131.3
132.7
132.9
129.6
127.9
1205
1238
1238
1240
1250
1253
1245
118.8
121 0
117.6
121.9
122.1
122.4
123.4
123.4
1253
1241
1250
1266
1276
118.1
119.8
120.2
120.6
120.1
1426
1489
1466
1449
1470
1498
162.8
177.0
179.7
180.7
181.8
182.6
122.5
128.0
117.8
151.5
184.3
'54
M2
4
127.1
2
127.1
.4
127.6
2
127.6
.1
127.3
.3
127.8
.5
128.5
.2
128.6
.1
128.8
1221
1221
1226
1224
1221
1227
1234
1236
1241
136.5
135.4
136.4
135.2
137.4
136.4
136.8
135.4
137.2
136.0
130.3
129.6
130.0
131.9
137.9
137.0
132.7
137.8
136.7
130.0
137.0
135.9
131.1
131.8
137.3
135.8
132.3
.3
129.2
124.6
137.5
135.9
132.0
131.8
.3
129.7
124.9
138.5
137.3
131.8
1242
1226
1245
1248
1230
1244
1242
1251
1257
1261
1267
1273
1272
1272
1280
126.3
1240
1225
1262
126.5
122.4
126.6
122.3
126.7
123.5
127.8
148.6
149.2
149.7
150.0
151.2
125.4
128.5
151.8
125.8
128.6
152.2
125.9
129.6
1481
124.2
128.0
151.4
125.9
129.1
147.6
123.0
127.2
150.7
152.6
152.8
126.2
129.3
153.7
118.1
1153
116.4
122.9
126.3
1507
1180
1466
131.0
126.9
125.4
128.2
123.1
145.3
189.4
1249
137.3
135.6
1523
118.3
133.3
126.8
125.4
127.4
127.7
145.6
192.3
91.4
115.4
118.4
135.0
128.0
126.1
128.2
129.1
152.9
193.3
.4
130.3
125.5
139.1
138.2
132.5
PRODUCER PRICES §
[1982=100 unless otherwise indicated]
Not seasonally adjusted:
All commodities
By stage of processing:
Crude materials for further processing
Intermediate materials, supplies, and
components
. . .
Finished goods #
Finished consumer goods
Capital equipment
By durability of product:
Durable goods
Nondurable goods
Total manufactures
Durable manufactures
Nondurable manufactures
Farm products, processed foods and feeds
Farm products
Foods and feeds processed
Industrial commodities
Chemicals and allied products
Fuels and related prod., and power
Furniture and household durables
Hides skins and leather products
Lumber and wood products
Machinery and equipment
Metals and metal products
Nonmetallic mineral products
Pulp, paper and allied products
Rubber and plastics products
Textile products and apparel
Transportation equipment #
Motor vehicles and equipment
Seasonally adjusted:
Finished goods, percent change from previous
month or year
By stage of processing:
Crude materials for further processing
Intermediate materials, supplies, and
components
Finished goods #
Finished consumer goods
Foods
Finished goods exc foods
Durable
Nondurable
Capital equipment
1163
1165
1161
1164
1164
115.9
115.6
116.0
116.1
116.3
117.2
'118.0
117.8
117.6
117.8
108.9
101.2
98.0
99.9
99.7
97.7
96.9
98.6
97.9
98.8
101.2
'102.1
101.3
100.9
102.0
101.8
1145
119.2
118.2
114.4
121.7
120.5
114.6
121.4
120.2
114.2
122.2
120.8
114.0
122.3
120.9
113.7
121.9
120.3
113.2
121.8
120.0
113.5
122.1
120.3
113.6
122.2
120.4
114.5
123.2
121.7
'115.4
r
123.9
r
122.6
1262
1279
1279
1280
1286
1287
1289
1288
115.6
123.3
122.1
128.0
115.4
124.3
122.8
1267
115.3
123.7
122.4
129.0
115.3
123.5
122.2
1229
113.8
122.4
120.7
129.1
121.2
1229
123.9
124.2
124.3
124.4
1105
1098
1103
1101
1106
1120
1190
1187
122.7
122.3
118.8
123.2
119.7
124.2
1152
1150
1150
1152
1144
1143
1151
123.9
113.3
120.3
123.8
116.7
116.4
105.7
121.9
116.5
115.1
103.1
121.1
116.3
115.1
101.5
121.9
116.7
114.8
101.6
121.4
116.7
114.5
100.6
121.4
1256
81.2
1245
81.4
1249
81.3
1249
81.2
1250
79.1
1246
76.3
124.5
115.3
102.1
121.9
118.1
126.9
115.3
101.6
122.1
118.3
126.5
76.8
75.8
121 2
136.6
120.7
121.2
138.9
132.0
123.0
121.4
137.1
133.4
123.1
121.5
137.6
134.6
123.2
1195
1189
1187
114.7
141.3
117.2
143.0
117.2
142.3
117.2
142.8
117.1
142.7
1136
1149
1215
1182
1152
1163
1264
1221
1146
1166
1252
1192
1147
1167
1291
1258
1146
1147
116.8
128.9
116.9
117.1
144.2
114.3
117.6
129.7
121.9
139.8
145.7
123.6
119.4
117.3
144.4
114.3
117.7
130.0
122.0
139.9
147.5
123.4
1203
121.8
138.6
137.6
123.3
118.2
117.2
144.1
114.7
117.4
129.8
121.8
139.0
142.9
123.5
1230
121.4
136.3
133.2
123.0
119.3
117.4
142.6
117.8
130.2
122.1
140.7
147.6
123.4
119.5
116.9
145.2
114.9
117.7
130.2
1248
1246
1249
1248
1247
'116.9
r
104.7
r
123.0
'118.2
r
1260
r
83.2
r
122.2
r
140.8
r
146.3
T
123.2
r
1196
117.0
r
145.1
r
1150
117.9
'130.1
'1243
115.8
102.6
122.4
116.1
115.8
103.2
122.0
116.4
124.8
113.1
120.9
124.8
116.8
115.2
102.6
121.5
118.6
1236
82.2
1191
116.7
106.4
121.8
115.9
124.4
120.3
124.2
116.3
117.0
105.8
122.5
117.3
125.2
124.2
112.7
120.3
124.1
116.4
118.6
112.2
. 121.9
115.8
119.1
123.8
114.3
116.3
105.5
121.7
116.0
119.2
124.1
1152
118.7
123.6
113.8
115.2
102.8
121.3
115.7
124.3
'1133
r
120.6
r
124.2
r
117.0
124.3
111 7
123.2
111 3
119.2
123.2
123.6
120.7
123.3
111 3
119.2
123.3
123.2
1122
1181
122.5
111 3
101.1
101.0
102.6
102.5
1152
123.4
121.9
122.6
121.4
125.9
118.1
129.3
115.2
123.5
122.0
123.4
'121.2
126.2
117.7
129.4
115.4
123.9
122.5
123.9
'121.6
126.1
118.4
129.4
115.3
124.0
122.7
124.0
121.9
125.1
119.3
129.2
.808
.712
.810
.710
.811
.708
.804
.705
141.7
1297
M9
r
1334
123.0
1254
1290
1249
1189
1248
77.1
1196
116.9
144.9
1146
1290
79.7
1289
r
1130
120.5
124.2
116.7
118.1
126.5
82.8
84.0
83.3
122.1
140.7
144.9
123.1
122.2
140.8
148.4
123.2
1202
1196
117.4
145.8
118.0
129.9
117.3
145.3
115.3
118.1
129.6
122.2
140.8
148.5
123.3
118.9
117.5
146.0
115.6
118.2
132.0
1244
1239
1153
1158
118.0
128.1
121 1
1269
.1
98.4
100.5
100.4
98.3
97.3
99.0
97.3
98.3
100.0
'101.7
1143
1218
1140
1221
1140
1139
120.8
123.3
122.2
120.9
123.1
122.1
120.7
123.0
113.8
122.4
120.8
123.1
1152
1156
1288
114.0
122.8
121.1
122.7
120.2
125.9
116.4
129.1
1145
120.4
123.3
113.7
122.2
120.6
123.7
119.2
125.2
1175
1292
'1153
'123.4
'122.0
'122.8
'121.4
r
125.4
'118.4
129.1
.819
.722
.817
.717
.812
'.807
716
.713
1196
1198
1195
124.3
124.4
124.6
124.7
1153
1271
1161
1273
1162
1275
1158
1277
113.2
121.9
120.2
122.5
119.0
125.4
114.9
128.3
1190
127.0
82.8
122.3
139.9
145.1
123.1
120.0
117.1
145.2
0
21
1301
128.4
1196
125.8
123.1
121.6
122.5
120.9
125.8
PURCHASING POWER OF THE DOLLAR
As measured by:
Producer prices 1982-$1 00
Consumer prices 1982-84=$1 00
See footnotes at end of tables.
.839
.822
.824
.818
.818
.820
.821
766
734
729
728
726
725
724
.818
718
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
in BUSINESS STATISTICS, 1953-91
1991
Oct.
Sept.
S-7
Aug.
Sept.
Oct.
41 036
40528
28 906
18 332
r
12,526
28441
17829
12,605
1992
1991
Annual
1990
November 1992 •
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
3. CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE ?
[Millions of dollars]
442066
400 956
38124
37490
34250
30303
27540
27339
30723
33981
36665
38965
r
Private total #
Residential
New housing units
;
Nonresidential buildings, except farm and public
utilities total*
Industrial
Commercial
Public utilities:
Telecommunications
334 154
182856
127987
290 706
157835
110,592
26816
15 405
11,021
26593
15289
10,823
24834
14240
10,358
22143
11 965
8,718
20155
10971
8,195
19948
10480
7,826
22626
12424
9,299
24934
14602
10,251
26344
15981
10,919
28260
17281
11,711
r
28 462
r
17 686
r
12,085
117971
23848
62,862
97841
22280
48,480
8327
1 829
4,237
8149
1 897
3,968
7442
1 813
3,546
7220
1 924
3,305
6328
1 568
2,986
6616
1,627
3,145
7182
1 886
3,301
7071
1 744
3,268
7127
1,768
3,286
7663
1,767
3.710
7406
1,727
3,518
9565
8,816
730
793
798
702
632
671
781
883
739
775
Public total #
Buildings (excl. military) #
Housing and redevelopment
Industrial
Military facilities
Highways and streets
107912
46,208
3498
1 433
2,665
31 155
110249
50,475
3496
1 823
1,837
29918
11 308
4,788
313
237
223
3444
10897
4,536
322
133
95
3509
9416
4,185
310
135
149
2456
8160
3,937
277
135
219
1 865
7384
3823
285
137
170
1 395
7390
3,946
290
146
184
1 353
8,097
4167
297
162
212
1 478
9047
4,375
290
145
194
2062
10,321
4,709
266
147
222
2869
10705
4,588
279
160
209
3320
New construction (unadjusted) total
39 823
r
r
r
r
r
r
7154
1,596
3,333
7153
1,551
3,432
792
779
r
11 361 M2130
r
r
4,997
5,035
r
287
292
r
149
135
r
190
179
3451
M098
12,087
4,724
253
212
211
4099
[Billions of dollars]
New construction (seasonally adjusted at annual
rates) total
4060
4061
401 2
3987
407 1
411 8
421 5
4276
4280
426 7
M277
r
Private total #
Residential
New housing units
Nonresidential buildings, except farm and public
utilities total #
Industrial
Commercial
Public utilities:
Telecommunications
2936
164.2
117.1
291 7
164.7
117.5
2883
164.5
118.0
2874
164.1
118.3
2925
1695
122.0
2948
1698
123.3
301 1
1727
1259
3098
1826
1288
3070
1829
1281
3122
1846
1287
r
r
937
20.7
467
91 2
21.1
443
87.5
21.6
41 6
87.8
22.4
409
855
21.3
41 2
873
21.7
41 6
906
23.7
421
874
21.3
407
856
21.0
396
85
85
89
83
96
96
95
107
89
89
Public, total #
Buildings (excl. military) #
Housing and redevelopment
Industrial
Military facilities
Highways and streets
1124
520
3.8
28
27
294
1144
537
3.9
16
11
301
1129
51 2
3.7
16
18
296
111 4
509
3.3
16
26
296
1146
523
3-4
16
20
302
1170
530
3.5
18
22
327
1204
554
3.6
19
25
309
•1178
532
3.5
17
23
31 4
121 0
562
32
18
27
326
1145
51 6
3.3
19
25
31 5
19715
90
22738
98
15083
81
16277
98
16077
96
17038
102
20510
98
21 746
98
19787
89
r
3079
M829
M271
r
888
20.3
433
4228
4285
3057
M863
r
1298
3090
1892
1330
'799
M8.1
r
372
800
18.3
362
855
20.5
398
92
90
1198
r
542
35
16
23
326
M171
r
520
r
34
18
22
334
1196
520
30
25
25
346
23409
93
21 678
91
20170
91
20566
89
6037
14133
6586
13979
6,662
9167
4341
6,764
9597
4205
r
CONSTRUCTION CONTRACTS
[Millions of dollars, unless otherwise indicated]
Construction contracts (F.W. Dodge Division,
McGraw-Hill):
Valuation total
Index (mo. data seas, adj.), 1987=100 §§
Public ownership
Private ownership
By type of building:
Nonresidential
Residential
Non-buifding construction
New construction planning (Engineering NewsRecord) §
245 396
'95
221 230
'89
72090
173307
74422
146806
6804
12911
7736
15002
4240
10843
5880
10397
5303
10775
5608
11 429
7003
13507
6417
15329
6 101
13686
7492
15917
7074
14603
90,240
105509
49645
76,898
96353
47978
6,741
8298
4676
8,337
9984
4417
5103
7427
2552
5819
6670
3788
5635
6891
3551
5,649
7258
4130
5,952
9673
4885
6,833
10018
4895
5,893
9481
4413
8,042
10729
4638
7,073
9874
4731
1,014.5
841.2
86.6
73.7
101.8
80.9
75.6
62.6
65.6
56.3
71.6
58.4
78.8
69.2
111.6
90.9
107.6
93.5
115.2
100.2
117.8
102.7
106.2
93.2
r
1,020
864
1,085
887
1,085
907
1,118
972
1,180
989
1,257
1 109
1,340
1 068
1 ,086
933
1,196
1 019
1 147
999
1,100
956
r
213389
HOUSING STARTS AND PERMITS
[Thousands]
New housing units started:
Unadjusted:
Total (private and public)
Privately owned
One-family structures
1,192.7
894.8
Seasonally adjusted at annual rates:
Total privately owned
One-family structures
New private housing units authorized by building
permits (17,000 permit-issuing places):
Monthly data are seas. adj. at annual rates:
Total
One-family structures
109.9
91.8
r
108.5
93.4
112.3
96.0
M 243
M 065
1 229
1 072
r
1 137
956
r
r
r
1 233
1 042
1 111
798
955
754
974
782
994
788
979
792
1 073
873
1 106
913
1 146
946
1 094
907
1 058
873
1 054
879
1 032
872
1 080
879
1 076
877
1883
1709
151
172
169
172
131
171
109
176
134
192
135
197
161
197
176
199
170
189
182
194
180
211
191
198
198
219
Bureau of the Census, 1987=100:
Composite fixed-weighted price index *
Implicit price deflator *
1103
111.2
111 2
111.8
111 7
112.3
111 3
111.8
1107
111.3
1101
110.6
1105
110.6
1109
110.9
111 1
111.3
111 1
111.3
111 7
112.0
1121
M12.6
'1122
M12.9
1127
113.2
Boeckh indexes, 1987=100:
Average, 20 cities:
Apartments hotels office buildings
Commercial and factory buildings
Residences
1087
110.6
1097
1120
114.2
1130
1129
115.6
1143
Engineering News-Record, 1967=100:
Building
Construction
400.0
4405
407.2
450.1
412.3
455.3
Federal Highway Adm.—Highway construction,
1987=100:
Comoosite (ava. for vear or atr.)
108.5
107.5
107.0
Manufacturers' shipments of mobile homes:
Unadjusted
Seasonally adjusted at annual rates
1 125
r
913
CONSTRUCTION COST INDEXES
See footnotes at end of tables.
1109
111.4
113.0
115.7
1143
412.3
455.4
413.2
455.8
114.1
116.6
1154
113.9
116.4
1151
412.1
455.1
100.4
412.0
455.1
410.6
454.7
414.4
458.6
102.9
1 1-7.4
117.7
1169
115.8
117.1
1161
415.9
460.5
418.6
462.2
r
420.0
462.9
110.4
421.1
464.7
115.3
117.8
1174
422.4
468.5
422.8
469.4
99.9
2
2
424 .4
470.3
SURVEY OF CURRENT BUSINESS
S-o • November 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
Annual
1990
1991
1991
Sept. | Oct.
1992
Nov.
Jan. I
Dec.
Feb.
June
Apr. | May
Mar.
July | Aug.
Sept.
Oct.
3. CONSTRUCTION AND REAL ESTATE-Continued
REAL ESTATE 0
[Thousands of units]
Mortgage applications for new home construction:
FHA applications
Seasonally adjusted annual rates .. .
Requests for VA appraisals
Seasonally adjusted annual rates
[Millions of dollars]
Home mortgages insured or guaranteed by:
Fed. Hous. Adm.: Face amount
Vet. Adm.: Face amount §
1154
87
111
66
102
65
98
72
97
75
98
101
101
94
99
79
86
77
83
88
101
75
94
71
90
3,549.48
3,222.96
3,559.84
3,620.34
3,910.67
4,603.26
4,797.76
4,588.95
4,319.72
3,497.24
76,008
76,409
80,158
79,349
19,608
16383
1 348
17796
463
1 314
14641
428
8.1
120
51,863.74
1578710
Federal Home Loan Banks, outstanding advances to
member institutions, end of period
New mortgage loans of SAIF-insured institutions,
estimated total @
By purpose of loan:
Home construction .. .
Home purchase
All other purposes
71
92
980
46,990.04
4,072.77
1,52980
3,696.55
3,419.86
3,226.30
117,096
2
2
152 230
16182
127 272
2
8 776
2
2
79,065
83,946
80,143
78,784
79,065
143 674
10591
12,403
12,129
15,098
12261
125 594
2
5819
1,027
9051
513
1 077
10883
412
880
10879
365
914
13601
582
75,834
75,085
r
13 606
781
12428
397
r
15,976
826
14768
382
76,275
r
21,916
1 138
20230
-540
r
r
r
76,860
76,194
77,078
16 350
14427
15,723
-1 371
14 400
r
577
1 288
12692
447
1 110
14177
436
4. DOMESTIC TRADE
ADVERTISING
[Millions of dollars]
Magazine advertising (Leading National Advertisers):
Cost, total
Apparel and accessories
Automotive, incl. accessories
Building materials
Drugs and toiletries
Foods, soft drinks, confectionery
Beer, wine, liquors
Houshold equipment, supplies, furnishings
Industrial materials
Soaps, cleansers, etc
Smoking materials
All other
Newspaper advertising expenditures (Newspaper
Advertising Bureau, Inc.):
Total
Classified
National
Retail
32280
11 506
4122
16652
8,555
3081
967
4507
30409
10567
3928
15914
6,662
2264
958
3441
7,756
2594
1,085
4077
WHOLESALE TRADE f
[Millions of dollars]
Merchant wholesalers sales (unadj ) total
Durable goods establishments
Nondurable goods establishments
Merchant wholesalers inventories, book value (nonLIFO basis), end of period (unadj.), total
Durable goods establishments
Nondurable goods establishments
r
145493
72,847
72,646
158596
78,833
79,763
142820
69,291
73,529
142864
68,332
74,532
140505
66,410
74,095
134652
65,541
69,111
152557
75,970
76,587
148832
73,653
75,179
143843
70,058
73,785
152943
77,488
75,455
152986
75,670
77,316
199,710
128799
70,911
191,380
126,800
64,580
196,967
126,706
70,261
197,793
127,168
70.625
199,710
128,799
70,91 1
201,522
129586
71,936
201,586
130,353
71,233
200,370
129,789
70,581
199,736
130,757
68,979
196.558
130,578
65,980
198,246
131,019
67,227
198,806 M 96,722
131,735 r 131 ,596
67,071 -65,126
1 825 507 1 842,739
652,951
660,779
148,509
54,281
153,920
54,900
157,276
52,399
182,744
58,856
140,023
49,461
141.517
51,137
153,026
56,646
157,279
58,882
163,840
60,655
162,722
62,933
164,164 -164,312 -158,880
r
59,687 -59,477
62,280
163,967
59,212
95132
96076
378,025
385,136
88,927
91,937
1 164728 1 189788
217,532
212,287
380,927
371,580
126,462
130,200
94 455
95308
194005
186 162
75668
69169
22336
21 618
8,301
32,086
7,062
94,228
16,187
30.60C
10,406
7,496
15861
5,947
1 733
r
154,071
r
55,034
8,592
31,991
7,328
99,020
17,780
31,47£
10,685
7,789
16,362
6,309
1 797
r
154,508
-55,404
7,599
28,994
7,852
104,877
22,376
31,976
10,371
8,903
15842
6,285
1 922
154,092
54,722
7,268
28.151
9,798
123,888
32,919
33,428
10,300
12,599
16,239
8,204
2325
154,280
55,406
6,629
29,374
7,010
90,562
13,658
31,112
9,545
5,987
15380
6,312
1 668
157,808
56,919
6,802
30,847
6,924
90,380
15,005
29,992
9,128
6,359
15,535
6,238
1 704
159,753
57,961
8,069
34,527
7,325
96,380
16,901
31,174
9,758
7397
16581
6,384
1 741
157,873
57,122
9,197
35,455
7,206
98,397
17,701
31,717
9,911
8249
16272
6,530
1 802
158,385
57,442
10,032
35,741
7,319
103,185
18,830
33,262
10,791
8284
17323
6,439
2015
159,111
57,643
9,979
37,729
7,597
99,789
17,681
32,477
10,961
7940
16603
6,291
1 989
158,982
57,686
r
-9,177
9,138
9,655
37,194 '34.657 -35,087
-7,642
7,816
-7,800
101,884 -104,625 -99,403
17,438 -19,370 -17,642
34,037 -33.06C -31,767
11,229 -11,178 -10,694
-8385
-9175
7936
17061 -17,624 -16487
-6,294
6,284
-6,090
-1 934
-2057
2105
160,784 -160,999 -161,835
58,580 -58,254 -58,894
9,149
34,533
8,001
104,755
19,718
33,032
11,090
8896
16619
6,291
-8097
r
6,109
r
991
r
31,976
r
8,049
r
6,138
r
981
r
32,401
7,905
5,957
1 005
32,060
8,174
6,238
965
32,422
8,497
6,390
1 050
33,163
8,757
6,563
1,053
33,938
8,692
6,479
1 062
33,058
8,722
6,467
1 052
33,280
8,721
6,452
1 081
33,404
8,574
6,337
1 065
33,416
8,592
6,409
1 088
33,896
-8,477
-6,358
-1 103
-33,655
-8,685
-6,555
-1 107
-34,039
-29,737
- 2,664
r
7,357
r
3.920
'2.641
29,491
2,569
7295
3,914
2,566
29,798
2,624
7,446
4,005
2.629
30,494
2,669
7628
4,029
2,760
31,245
2,693
7,660
4,096
2,724
30,373
2,685
7,677
4,074
2,754
30,635
2,645
7,609
4,073
2,712
30,774
2,630
7.549
4.101
2,642
30,770
2,646
7,683
4,205
2,668
31,200
2,696
7,886
4,337
2,716
-30.989
2,666
-7,823
-4,270
-2,740
-31,365
-2,674
-7.850
-4,253
-2,765
1 790448 1 741 614
846 466
890,261
900,187
895,148
197,554
129,004
68,550
149 583 157083
79,227
74,842
-74,741
77,856
r
198,315
132,461
65,854
RETAIL TRADE ?
[Millions of dollars]
All retail stores:
Estimated sales (unadj ) total
Durable goods stores #
Building materials, hardware, garden supply,
and mobile home dealers
Automotive dealers
Furniture, home furnishings, and equipment ...
Nondurable goods stores
General merch. group stores
Food stores
Gasoline service stations
Apparel and accessory stores
Eating and drinking places
Drug and proprietary stores . .
Liquor stores
Estimated sales (seas adj.), total
Durable goods stores #
Bldg. materials, hardware, garden supply, and
mobile home dealers #
Building materials and supply stores
Hardware stores
Automotive dealers
Motor vehicle and miscellaneous auto
dealers
Auto and home supply stores
Furniture home furnishings and equipment #
Furniture home furnishings stores
Household aooliance. radio, and TV stores
See footnotes at end of tables.
r
29,272
2,704
r
7428
3,954
-2,658
163,308
59,917
8,747
35,022
32,306
2,716
8,009
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
1991
Sept. |
Oct.
S-9
1992
1991
Annual
1990
November 1992 •
Nov. | Dec.
Jan. | Feb.
Mar. |
Apr.
May
June
July |
Aug. |
Sept. |
Oct.
4. DOMESTIC TRADE-Continued
RETAIL TRADE ?-Continued
[Millions of dollars— Continued]
All retail stores—Continued
Estimated sales (seas, adj.)—Continued
Nondurable goods stores
General merch group stores
Department stores excluding leased
departments
Variety stores .
Food stores
. .
Grocery stores
Gasoline service stations
Apparel and accessory stores #
Men's and boys' clothing and furnishings
stores
Women's clothing, specialty stores, and
furriers
Shoe stores
Eating and drinking places
Drug and proprietary stores
Liquor stores
Estimated inventories, end of period:
Book value (non-LIFO basis) (unadjusted) total
Durable goods stores #
Bldg. materials, hardware, garden supply,
and mobile home dealers
Automotive dealers
Furniture home furnishings and equipment
Nondurable goods stores #
General merch group stores .
Department stores excluding leased
Food stores
Apparel and accessory stores
Book value (non-LIFO basis) (seas adj ) total
Durable goods stores #
Bldg. materials, hardware, garden supply,
and mobile home dealers
Automotive dealers
Furniture, home furn., and equipment
Nondurable goods stores #
General merch. group stores
Department stores excluding leased .
departments
Food stores
Apparel and accessory stores
Firms with 1 1 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
r
99,037 r99.104
18 328 r 18 296
102,204 "102,745 "102,941
19,581 "19,653 "19,708
99,370
18327
98,874
17820
100,889
19328
101,792
19731
100,751
19030
100,943
18947
101,468
19053
101,296
19,025
14644
603
31835
29,860
10413
7,869
14173
594
15606
636
31 920
29,953
10210
8,277
15050
574
31 823
29,830
10229
8,137
14977
586
32139
30,079
10249
8,199
15180
572
31956
29,955
10208
7,811
15304
624
32049
30,064
10165
8,057
31968
29,872
10497
8,318
15076
568
32200
30,075
10539
8,445
702
709
689
729
736
729
717
730
729
721
"2,775
2782
1 449
"1 429
r
15 941 "16378
r
6354
^6399
"1872
1 859
2,753
1 407
16366
6,374
1 875
2,678
1 418
16741
6,435
1 716
2726
1 450
16736
6,461
2,826
1 498
16904
6525
1930
2,884
1 454
16403
6537
1 933
2992
1 482
16420
1851
2,817
1 436
16715
6,528
1 909
1 993
2945
1 492
15843
6459
1 985
2,922
1 515
15930
6465
1 984
r
14457
r
602
r
31 834
29,839
r
10 262
r
7,954
r
732
r
14 476
r
589
31 784
r
29,786
r
10138
r
r
7,865
r
6491
15,392
551
32,284
30,158
10544
8,658
"15,570
"538
32,620
"30,494
"10437
"8,562
"719
"15,581
240 046
113915
254023
119284
257915
121 693
238 823
118480
233 603
114791
237187
117065
242 743
120382
247 356
123472
245 350
123570
244547
123 182
246 858 "246224 "253497
121 973 "120315 "121,953
15,521
65936
16907
115685
39873
16,051
63003
17007
120343
42472
15,952
56413
17465
126131
47120
15,874
59912
18534
134739
51 863
16,000
61 839
18634
13R999
52356
16,051
63003
17007
120343
42472
16,204
60535
16500
118812
42391
17,144
62062
16241
120122
42847
17,796
63149
17064
122361
44807
18,372
64610
17336
123884
46081
18,288
64279
17415
121 780
44509
17,826
63950
17427
121 365
44300
"17,508
"59,779
"18603
124885 "125909 "131 544
46119 "46927 "50,657
30044
25,509
17902
240217
119331
32975
26,341
17678
243 162
117454
35982
25333
20698
"238 480
"116206
39968
26423
21 398
40611
26,991
21 486
240 746
117293
240 879
116873
32975
26,341
17678
243162
117454
33023
25,781
17358
240 986
115918
33486
25,496
18624
241 938
117259
35090
25571
19096
244288
119827
35915
25861
19450
247992
122884
34728
26075
19199
247349
122694
34358
26150
18778
248813
123 198
35692 "36353 "38,923
26106 "25,636 "26,213
20207 "21 138 "21 736
251 382 "250302 "251 723
124421 "124348 "124237
16,134
63308
17,061
120886
43,529
16,668
60454
17,196
125708
46,311
16244
16348
59 742 60991
17,177
17,1 06
r
122 274 123453
r
44,694
45,206
16529
60555
17,190
124006
45,223
16,668
60454
17,196
125708
46,311
16,740
59605
16,958
125068
46,263
17,127
60456
16,848
124679
45,287
17,161
61 898
17,341
124461
45,626
17,682
63805
17,600
125 108
46,431
17,450
63409
17,716
124655
46,150
17,290
63545
17,819
125615
46,790
17,744 "17,679 "17,811
63570 "63460 "63211
18,075 "18,170 "18,203
126961 "125954 "127486
47,356 "47,165 "48,048
32763
25212
19716
35920
26009
19J491
723088
749487
98985
10570
650 502
206 830
226010
92788
9894
630 300
202541
216546
212922
56594
44863
41,642
999 037
59434
44819
45,898
r
r
r
34907
25736
19,191
34829
25917
19,339
35,920
26009
19,491
35,934
25832
19,503
35286
25921
19,604
35588
25785
19,566
35951
26075
19,646
35876
26 104
19,631
36,358
26243
19,560
36,834
26403
20,007
"36,869
"26195
"20,170
58493
7879
894
50614
15273
17951
17672
4625
62000
63390
9123
9120
969
56889
17,935
19,660
19326
3,801
62715
893
14200
373
18574
4978
3730
3,849
62974
891
14423
385
18630
5007
997
54270
16849
18,829
18510
4967
3,965
3,890
65432
922
14830
392
18697
64062
8966
1 026
55096
16,599
19,839
19517
3818
791
48825
14,352
18,102
17750
3843
3,596
3,814
65241
955
15375
406
18625
60895
8074
878
52821
16125
18,700
18367
4656
3,902
3,878
64615
919
14783
366
18628
66012
3,612
62926
900
14200
380
18661
4955
55494
7303
800
48191
12891
18908
18599
3560
3589
3,812
64846
943
15058
400
18636
62947
8460
934
3711
88421
12545
848
75876
32034
20171
19598
8349
3697
5,424
62392
877
13968
370
18665
4906
55993
969
53870
16840
18763
18463
4868
68774
8697
896
60077
21 500
19256
18928
5134
5184
5145
5156
66410
8924
980
57486
18,508
19,281
18967
5748
4,187
3,834
66401
920
15324
383
19101
5337
1 730
945
3892
1 722
944
3,927
1 740
953
3,912
1 672
906
3,936
1 777
973
3979
1 784
1 000
1 783
958
4,014
1 792
944
4,046
1 832
972
4,046
192,745
127,455
1,577
5814
7168
4019
54487
16841
18,932
18562
5215
5172
3,943
4,034
65168
920
14812
391
18826
4,196
3,989
65531
922
14930
392
18709
5228
5311
4819
4,158
3,792
66169
927
15145
386
18730
5429
16471
6,367
"17,502
"59,565
"17934
34466
25 624
19,290
8130
32,599
30,433
10492
8,825
"704
"2,971
"2,995
"1 501 "1 509
"16303 "16537
"6,417
"6,469
"2025
"2009
238 823
118480
r
15,719
"550
"32,280
"30,124
"10464
"8,700
236 192
120 507
17,762
61 ,756
17623
103,391
19,895
"37,283
"26512
"20,257
1 812
984
1,760
1 018
4019
3971
1,828
1 019
3977
193,025
130,572
1,570
191,455
129,002
118,907
10,095
193,190
131,168
1,568
191,622
129,600
119,754
9,845
193,356
130,039
1,566
191,790
128,473
119,082
9,390
193,513
128,610
1,566
191,947
127,044
117,953
9,090
193,683
128,398
1,552
192,131
126,846
118,246
8,600
127,532
127,437
127,273
126,959
5. LABOR FORCE, EMPLOYMENT, AND EARNINGS
LABOR FORCE AND POPULATION
[Thousands, unless otherwise indicated]
Not seasonally adjusted:
Noninstitutional population, persons 16 years of
age and over
Labor force @
Resident Armed Forces
.
Civilian noninstitutional population
Civilian labor force total
Employed
Unemployed
Seasonally adjusted:
Civilian labor force total
Participation rate percent f
Employed total
Employment-population ratio,
percent t
Agriculture
Nonagriculture
Unemployed total
Lona term. 15 weeks and over
See footnotes at end of tables.
192,209
126,712
1,604
190,289
125,568
117,555
8,013
192,057
127,001
1,605
190,452
125,396
117,110
8,286
125,590
125,508
125,374
66.1
66.0
65.8
117089
116867
116772
189,686
126424
1,637
191,329
126867
1,564
191,746
127029
1,624
191,903
127182
1,614
188049
124 787
117,914
6,874
189765
125303
116,877
8,426
190122
125,405
117,335
8,070
66.4
66.0
627
3,186
114,728
3,233
113,644
1.504
2.323
61.6
61.6
3,283
113,806
61.4
3,204
113,663
8501
8641
2,422
2,570
61.3
3,272
113,500
8602
2,623
190,605
125,108
116,549
8,559
192,358
126,671
1,599
190,759
125,072
115,122
9,949
192,469
126,971
1,585
190,884
125,386
115,224
10,161
192,607
127,382
1,585
191,022
125,797
116,106
9,691
191,168
125,878
116,933
8,945
192,881
128,279
1,574
191,307
126,705
117,535
9,169
125,619
126,046
126,287
126,590
126,830
127,160
127,549
66.2
66.3
66.3
66.5
66.6
66.6
117043
117348
117675
117,656
117,574
117,772
65.9
116728
61.2
3,183
113,545
8891
2,843
66.1
117,117
61.4
3,166
113,951
8929
3,059
61.3
3,232
113,811
9244
3,204
61.4
3,194
114,155
9242
3,185
61.6
3,209
114,465
9,155
3,018
61.5
3.178
114,478
9,504
3,361
61.4
3,252
114,322
9,975
3,675
61.5
3,204
114,568
9,760
3,616
66.4
117,737
61.4
3,218
114,519
9,700
3,563
66.3
117,701
61.3
3,242
114,459
9,572
3,472
66.1
117,625
61.2
3,160
114,465
9,334
3,522
SURVEY OF CURRENT BUSINESS
S-10 • November 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
Annual
1990
1992
1991
1991
Sept. |
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July | Aug.
Sept. |
Oct.
5. LABOR FORCE, EMPLOYMENT, AND EARNINGS-Continued
LABOR FORCE-Continued
Seasonally adjusted—Continued
Civilian labor force—Continued
Unemployed—Continued
Rates $:
All civilian workers
Men 20 years and over
Women, 20 years and over
Both sexes, 16-19 years
White
Black
Hispanic origin
Married men spouse present
Married women, spouse present
Women who maintain families
Industry of last job:
Private nonagricultural wage and
salary workers
Construction
Manufacturing
Durable goods
Agricultural wage and salary workers
Not seasonally adjusted:
Occupation:
Managerial and professional specialty ....
Technical, sales, and administrative
support
Service occupations
Precision production, craft, and repair ....
Operators, fabricators, and laborers
Farming forestry, and fishing
5.5
49
4.8
15.5
47
11.3
8.0
34
3.8
8.2
67
63
5.7
18.6
60
124
9.9
44
4.5
9.1
6.8
65
5.6
18.2
61
12.3
10.9
45
4.5
9.0
69
65
5.8
18.9
61
128
105
42
4.5
9.4
69
64
5.9
18.7
62
123
102
45
4.6
9.1
7.1
66
6.1
19.3
63
12.7
9.7
47
4.9
9.1
7.1
69
5.9
18.3
62
13.7
11.3
48
4.8
9.0
7.3
70
6.1
20.0
65
138
11.6
50
4.8
9.5
7.3
69
6.1
20.6
'65
14.1
11.6
48
5.0
10.0
7.2
68
6.3
19.2
63
13.9
10.3
47
5.0
10.2
75
73
6.1
20.0
65
147
11.3
51
4.9
10.0
7.8
74
6.4
23.6
68
14.9
12.1
53
5.3
10.1
7.7
72
6.5
21.0
67
14.6
11.9
53
5.3
10.6
7.6
73
6.5
19.8
66
14.3
11.2
54
4.9
10.5
7.5
71
6.3
20.4
67
13.7
11.9
53
5.1
9.0
7.4
72
6.1
18.3
65
13.9
11.8
52
5.0
9.1
5.7
11.1
58
58
9.7
7.0
154
72
75
11.6
7.0
15.7
69
70
11.2
7.1
161
70
74
11.9
7.2
161
74
71
12.4
7.4
163
72
73
11.5
7.4
17.0
70
70
10.9
7.6
174
76
77
11.7
, 7.8
17.6
73
74
9.6
7.5
166
76
75
10.4
7.8
169
77
77
13.6
8.0
17.6
83
82
13.3
7.8
16.5
83
83
14.3
8.0
170
79
84
11.2
7.8
175
81
84
14.8
7.9
16.0
83
92
12.4
2.1
2.8
3.1
2.9
2.6
2.6
2.9
3.0
2.9
2.8
3.2
3.3
3.4
3.7
3.5
3.1
42
66
5.8
8.6
62
51
7.5
7.9
10.5
7.6
52
7.6
7.1
8.7
6.8
51
7.6
6.9
8.8
7.2
51
8.2
7.7
9.6
9.1
52
8.0
8.3
10.9
88
60
8.7
11.3
13.0
11.3
60
8.2
12.0
13.7
11.0
57
8.1
11.2
12.6
8.9
5.4
8.1
9.1
11.4
6.5
57
8.3
8.3
10.7
6.3
60
8.6
8.3
10.7
6.5
6.1
7.9
7.5
10.7
6.7
6.1
8.0
7.4
10.0
6.7
60
8.0
7.5
9.7
7.9
5.8
7.8
7.2
9.6
7.0
109,782
91 478
108,310
89930
108,751
90638
109,094
90438
109,106
90292
108,966
90212
106,607
88184
106,866
88108
107,359
88,477
108,140
89248
108,876
89953
109,378
90,746
108,298
90668
108,244
'108,870
r
90 746 '90,536
109,268
90448
109,782
91,478
72361
24,960
710
5,133
19,117
11 130
735
507
557
757
1,423
2,099
1,676
1990
1,008
377
7,988
1 666
49
692
1,039
698
1,575
1 088
158
890
133
84822
5808
6,200
19677
6729
28,103
18304
3,085
4305
10914
108,310
89,930
71 475
23830
691
4,685
18,455
10602
679
472
524
726
1,359
2,007
1,598
1,891
980
366
7,852
1,672
49
672
1,010
688
1,541
1,072
159
864
125
84480
5772
6,069
19259
6678
28,323
18,380
2,966
4346
11 067
108,293
89,906
71 492
23755
679
4,662
18,414
10557
676
470
523
722
1,354
1,989
1,586
1,896
976
365
7,857
1,676
50
674
1,017
688
1,533
1071
159
865
124
84538
5769
6,049
19220
6663
28,450
18387
2,978
4336
11 073
108,285
89,875
71487
23704
674
4,642
18,388
10530
677
469
524
718
1,352
1,981
1,581
1,889
973
366
7,858
1,672
49
676
1,021
687
1,531
1,073
159
867
123
84581
5,766
6,040
19175
6,665
28,525
18,410
2,980
4337
11 093
108,139
89,715
71 354
23613
667
4,585
18,361
10498
678
468
520
715
1,351
1,967
1,578
1,886
969
366
7;863
1,670
48
677
1,027
688
1,528
1,073
159
869
124
84526
5,761
6,031
19130
6,666
28,514
18,424
2,981
4343
11 100
108,154
89,704
71 375
23,584
663
4,592
18,329
10466
679
467
520
714
1,347
1,958
1,574
1,878
962
367
7,863
1,671
49
679
1,026
687
1,527
1,072
158
870
124
84570
5,758
6,021
19112
6,670
28,559
18,450
2,983
4342
11 125
108,100
89,643
71 360
23,527
657
4,587
18,283
10422
680
466
517
711
1,344
1,954
1,570
1,850
963
367
7,861
1,672
50
678
1,024
687
1,524
1,073
158
871
124
84,573
5,746
6,010
19,118
6,665
28,577
18,457
2,981
4347
11,129
108,142
89,681
71 391
23525
653
4,582
18,290
10430
686
464
517
710
1,342
1,950
1,564
1,872
959
366
7,860
1,671
50
681
1,025
686
1,519
1,073
158
874
123
84617
5,753
6,003
19143
6,673
28,584
18,461
2,981
4346
11,134
108,200 108,377
89,693
89,835
71 415
71 556
23,532
23,530
651
646
4,603
4,605
18,279
18,278
10417
10409
688
689
467
465
520
518
708
710
1,341
1,342
1,949
1,948
1,557
1,560
1,859
1,863
952
956
368
366
7,861
7,870
1,671
1,677
49
50
682
682
1,023
1,025
687
689
1,521
1,519
1,071
1,072
157
157
877
876
123
123
84847
84668
5,754
5,746
5,997
5,993
19092
19177
6,675
6,682
28,643 . 28,707
18,507
18,542
2,989
2,986
4345
4360
11,173
11,196
108,496
89,950
71 675
23548
641
4,632
18,275
10398
687
467
522
707
1,343
1,959
1,554
1,842
949
368
7,877
1,678
49
679
1,026
691
1,522
1,073
156
880
123
84948
5,745
5,993
19150
6681
28,833
18,546
2,984
4367
11 195
108,423
89,885
71 649
23,470
634
4,600
18,236
10371
684
469
521
706
1,338
1,954
1,549
1,836
946
368
7,865
1,671
49
680
1,023
689
1,520
1,073
155
883
122
84953
5745
5,988
19156
6672
28,854
18538
2972
4357
11 209
108,594 ' r108,485 '108,413 108,440
89,867
89,988 89,803 '89,801
71 746 rr71 658 '71 694 71,816
23,271
23,459
23,362 '23,307
625
633
'626
'625
4,595
4,584
'4,591
'4,575
18,242 '18,145
'18,107
18,051
10234
10347 r 10298 '10275
689
683
'682
'683
462
470
465
461
513
521
520
520
696
702
701
'699
'1,334
1,335
1,330
1,321
r
1,941
1 ,935
1,947
'1,943
1 ,534
1,545
1,538
'1,536
r
r
1 ,7815
1,829
1,802
1,816
943
929
938
'935
364
'364
372
365
7,817
7,847
7,895
'7,832
1,664
1,685
1,672
'1,659
49
51
50
50
'677
672
682
675
1,034
1,005
' 1 ,008
'1,013
688
687
.'692
689
r
1,519
1,522
1,521
'1,523
r
1,070
1,070
1,072
1,070
154
'152
152
'153
874
884
'880
'878
123
126
'123
123
85169
85135 '85123 '85106
5,742
5,738
'5,729
'5,736
'5,964
'5,954
5,972
5,961
19184 '19106 '19108
19098
6,660
'6661
6,675
'6661
29,124
28,971 '28,981 '29,035
18573
18,606 '18682 '18612
2924
2,957
'2,959
'2,969
4374
'4383
4388
'4383
1 1 261 ' 1 1 340 '11 260 11 275
74,108
12979
72,705
12467
73,399
12630
73,232
12,578
73,111
12502
73,033
12423
71,133
12,236
71,067
12,242
71,437
12263
72,203
12309
72,873
12,359
73,623
12455
73,558
12350
'73,659
'12,445
'73,486
'12462
73,429
12394
74108
17472
509
3984
12,979
7379
605
401
433
575
1,048
1,263
1,056
1,225
500
274
72705
16533
491
3,575
12,467
6988
556
371
405
547
994
1,198
1,004
1,170
482
264
72701
16494
481
3,564
12,449
6964
554
370
404
544
991
1.187
999
1,175
477
263
72,670
16456
476
3548
12,432
6945
554
369
405
541
989
1,180
996
1,171
476
264
72,538
16378
470
3,487
12,421
6,931
556
368
402
539
989
1,169
994
1,174
475
265
72,539
16369
468
3,498
12,403
6,913
556
367
401
539
985
1,165
992
1,171
472
265
72,540
16344
464
3,494
12,386
6,895
557
367
400
535
984
1,162
992
1,161
472
265
72,561
16348
462
3,487
12,399
6,906
563
365
399
536
984
1,162
988
1,173
471
265
72,592
16373
461
3,506
12,406
6,909
565
367
400
535
984
1,161
988
1,173
470
266
72,777
16383
457
3,514
12,412
6,903
565
369
403
535
985
1,165
986
1,164
465
266
72,887
16407
452
3,545
12,410
6,896
564
369
404
533
985
1,172
988
1,149
465
267
72,859
16347
449
3,520
12,378
6,876
560
370
404
532
981
1,169
986
1,146
463
265
72,918
16348
447
3,509
12,392
6,867
560
372
403
532
979
1,164
983
1,144
463
267
'72,766
16262
'444
r
3,511
'12,307
'6,828
558
'366
402
531
'979
1,161
'977
'1,135
458
261
'72,766
'16218
'443
'3,501
'12,274
'6,811
558
'362
'402
'528
976
'1,167
'978
'1,122
'457
261
72,852
16205
441
3,522
12,242
6,787
564
364
400
525
969
1,160
976
1,112
456
261
EMPLOYMENT §
[Thousands]
Employees on nonfarm payrolls by industry:
Total, not adjusted for seas, variation
Private sector (excl government)
Seasonally adjusted:
Total employees, nonfarm payrolls
Private sector (excl. government)
Nonmanufacturing industries
Goods-producing
Mining
Construction
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures .
Stona, clay and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Instruments and related products
Miscellaneous manufacturing
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and misc. plastics products
Leather and leather products
Service-producing
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance and real estate
Services
Government
Federal
State
Local
Production or nonsupervisory workers on private
nonfarm payrolls, not seas, adjusted
Manufacturing not seas adjusted
Production or nonsupervisory workers on private
nonfarm payrolls
Goods-producing
Mining
Construction
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone clay and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Instruments and related products
Miscellaneous manufacturing
See footnotes at end of tables.
r
November 1992 • S-ll
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
Annual
1990
1992
1991
1991
Sept. |
Oct.
Nov.
Dec.
Jan.
Feb. |
Mar. |
Apr. |
May |
June July
Aug.
Sept.
Oct.
5,479
1,216
39
578
848
517
'5,463
'1,203
37
5,455
1,207
38
575
841
518
838
565
100
673
100
56647
4,791
4794
16,780
4,835
25,447
5. LABOR FORCE, EMPLOYMENT, AND EARNINGS-Continued
EMPLOYMENT §-Continued
/Thousands/
Seasonally adjusted-Continued
Production or nonsupervisory workers—Continued
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products . .
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and misc. plastics products
Leather and leather products
Service-producing
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
5600
1,198
37
594
871
524
874
601
103
689
110
56636
4,821
4981
17,425
4,876
24,534
5479
1,208
36
576
845
518
850
579
103
663
101
56172
4,798
4862
16987
4,818
24,707
5485
1,212
37
578
850
518
847
574
103
665
101
56207
4,801
4845
16937
4,801
24,823
5487
1,209
37
580
853
517
845
576
103
667
100
56214
4,797
4839
16888
4,804
24,886
5490
1,207
36
580
860
518
844
572
103
669
101
5490
1,207
37
582
858
518
843
571
103
670
101
56160
4797
4833
16848
4,809
24873
56170
4,794
4823
16827
4,809
24,917
5491
1,210
37
582
857
517
843
570
103
672
100
56196
4794
4815
16821
4,813
24,953
5493
1,210
37
584
858
516
841
569
104
674
100
56213
4,797
4808
16,840
4,819
24,949
5497
1,211
37
586
858
517
841
568
103
676
100
56219
4,795
4805
16,808
4,820
24991
1,221
37
583
861
521
842
568
102
679
100
5,502
1,218
37
582
856
519
840
567
101
683
99
56480
4,790
56512
4,794
4810
4815
4813
16874
4,826
25,093
16872
4,826
25177
16874
4,818
25213
5,525
1,229
37
583
867
519
841
563
101
684
101
56570
4,789
4800
16,883
4,811
25287
5509
1,222
37
585
857
519
842
567
103
676
101
56394
4,791
5514
'840
563
MOO
'679
r
99
'580
'844'
'522
'841
561
'100
'676
99
r
56 504 '56 548
4,787
4,770
'4791
'4788
r
16,81 5 '16820
'4,812
'4,819
r
25,31 6 '25,334
AVERAGE HOURS PER WEEK §
[Hours]
Seasonally adjusted:
Average weekly hours per worker on private
nonfarm payrolls: 0
Not seasonally adjusted
Seasonally adjusted
Mining
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 §
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 i . .
Services
. . . . .
34.5
34.3
34.6
34.4
344
345
343
346
44.4
44.0
44.1
44.0
43.7
44.2
34.3
34.5
44.3
34.2
34.3
44.2
34.4
34.6
44.3
34.6
34.3
43.4
34.6
34.3
43.7
382
381
344
442
391
343
44.1
392
378
379
367
366
373
382
389
389
389
40.8
40.7
41 1
41.7
41.0
406
40.6
41.1
409
41.1
41.3
412
41.1
40.4
41.1
41.0
40.7
41.0
3.7
41 4
37
3.6
3.7
3.8
41 6
37
3.9
4.1
41 6
37
41 5
38
41 9
41
3.8
41 5
38
41 6
38
41.1
34.3
34.7
33.8
3.7
3.7
41 3
3.7
3.6
41 1
35
41 4
37
41 3
37
40.2
40.0
40.2
391
389
391
391
41 3
409
3.7
41 3
37
404
391
395
41 3
35
405
395
42.0
41.7
41.9
41.8
41.6
41.9
41.6
427
422
426
426
425
426
41.3
41.9
40.8
41.2
41.7
40.7
41.4
42.0
40.7
41.5
41.8
40.7
41.4
41.8
41.0
41.5
41.9
420
41 1
421
41 2
423
421
39.5
419
41 0
396
40.0
41.0
39.8
41.1
39.7
40.0
40.2
40.3
40.3
36
408
392
37
406
391
38
406
403
38
406
39.9
36.4
40.6
37.0
41.2
37.3
3.6
433
379
42.6
44.6
41.1
37.4
433
377
429
44.1
41.1
37.5
41.4
40.9
40.9
40.1
40.2
41.2
37.3
40.6
40.8
40.1
40.8
400
400
398
401
42.4
424
42.0
42.5
42.3
42.5
429
430
432
436
432
431
41.4
41.8
41.0
41.6
42.1
41.1
41.6
42.2
41.6
420
412
412
420
412
41.9
42.6
41.5
41 6
41.3
42.1
41.0
41.8
40.9
422
41 9
39.9
40.0
39;9
41.4
40.0
41.2
40.0
41.9
42.1
41.3
41.5
41.1
40.1
40.5
40.5
40.6
40.5
40.4
40.3
40.3
39
403
38
403
381
40.5
39.1
40.5
40.4
38
406
394
37
406
41.3
37.3
41.5
37.4
43.1
44.6
41.2
37.7
43.1
44.1
41.4
37.2
43.3
44.5
41.5
38.1
3.7
41 6
37
40 1
38
407
385
434
380
41.1
41.0
41.0
40.4
434
378
390
397
41.0
39.8
39.1
41.0
37.4
435
381
434
434
379
432
43.5
41.5
37.7
42.4
41.5
37.6
38
40.8
37.1
41.4
37.2
39
407
39.1
41.3
37.4
436
380
436
381
43.4
43.5
41.7
37.1
43.1
43.9
41.7
37.6
41
40.7
38.0
41.4
372
440
380
431
43.5
42.3
38.0
41
40.5
38.2
41.4
37.3
438
382
43.4
44.5
41.9
38.2
422
41.1
39.5
41.3
37.2
41.0
37.2
40.5
'394
42.3
431
'41. 6
422
412
42.2
'412
39.7
38
'40.8
372
435
380
437
381
432
435
380
431
43.6
41.8
38.0
43.4
41.6
38.4
'43.4
43.1
41.7
37.9
'34.4
343
'43.7
371
34.5
34.5
44.2
'41.0
'40.9
3.5
'41 2
34
'40.3
392
'42.4
41.3
41.1
'426
'412
'42.0
'41.0
'41.1
41.0
39.5
389
3.8
41 6
3.8
40.6
398
42.3
427
41.7
42.5
41.3
41.6
41.2
40.0
'40.5
'38
'40.8
'38.5
'41.8
'37.4
40.4
'439
'381
435
383
'42.9
'43.8
'41.5
'37.8
42.7
44.0
41.6
38.6
39
40.8
37.8
40.8
37.4
386
382
385
381
382
383
388
386
388
393
'389
389
28.7
38.5
29.0
385
383
28.7
28.8
28.6
38.3
28.8
38.1
28.6
38.0
28.5
38.5
28.9
38.1
29.0
356
324
362
325
356
324
364
326
362
326
357
324
356
326
356
324
356
324
363
327
'38.0
'28.9
355
322
199.74
16272
200.14
16321
199.45
16227
201.05
16367
200.64
16339
200.12
16274
201.07
16397
200.10
16290
199.92
16269
143
915
38.79
11.62
11.80
2843
'200.86
'16368
'19923
'16253
'1 41
200.08
16320
1 44
903
38.42
11.66
11.81
28.80
12.42
49.62
36.88
389
387
385
385
38.1
28.8
38.1
28.6
28.6
38.1
28.5
38.2
28.7
358
357
324
360
324
355
324
203.20
16652
199.76
16291
1.59
200.22
16337
156
931
39.07
11.70
199.68
16268
1.63
1021
32.5
41.1,
420
41 1
3.8
r
35.0
34.6
44.4
41.9
40.0
434
376
389
382
40.6
40.9
34.2
387
356
325
AGGREGATE EMPLOYEE-HOURS §
[Billions of hours]
Seasonally adjusted:
Employee-hours, wage and salary workers in
nonagric. establishments, for 1 week in the
month, seas adj. at annual rate
Total private sector
Mining
Construction
Manufacturing
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government
[1982=100]
Indexes of employee-hours (aggregate weekly): 0
Private nonfarm payrolls total .
Goods-oroducino
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Service-producing
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
. See footnotes at end of tables.
1.54
1.53
1.52
1.49
920
39.02
11.60
917
38.98
11.58
11 96
2852
12.54
48.95
36.93
904
38.79
11.51
11 91
2853
12.40
48.60
37.19
1.50
9.01
1.50
1.48
1.48
1.43
38.94
11.61
12.02
28.87
12.64
49.09
37.38
907
38.94
11.54
11 94
28.59
12.63
49.18
37.25
915
38.91
11.49
28.52
12.36
48.90
37.38
937
39.04
11.59
11.94
28.68
12.49
49.39
37.10
916
38.79
11.56
11.86
28.49
12.38
4923
37.20
1.45
'909
1202
1197
12.43
48.29
36.84
2858
12.48
48.64
36.85
28.42
12.38
48.55
37.00
904
39.00
11.57
11.98
28.55
12.42
48.64
37.02
123.5
109.8
120.5
103.8
120.8
104.1
120.4
103.6
120.4
103.2
120.7
103.5
120.3
102.8
121.2
103.2
121.0
103.5
120.7
103.6
121.7
104.6
120.8
103.3
120.8
103.3
121.7
102.8
'120.6
'1022
64.0
62.2
60.6
59.7
59.1
58.7
57.8
58.2
58.3
57.6
55.6
55.7
'562
'552
138.3
106,7
105.7
108.1
123.7
102.3
124.2
102.6
122.7
102.5
120.0
102.5
121.9
102.6
120.2
102.1
119.7
102.7
120.6
102.9
121.9
102.8
57.1
1252
122.4
102.4
122.3
102.5
99.6
99.8
99.5
99.3
99.3
98.6
99.5
99.7
99.2
99.0
99.0
106.1
106.6
106.7
107.1
106.9
1296
1280
1279
1281
113.5
1.13.0
113.0
113.0
113.2
112.9
112.5
1234
1194
1192
1184
1190
1188
1188
1202
120.6
144.9
118.9
1452
119.0
146.0
118.4
146.3
118.9
146.3
119.9
147.0
119.0
146.7
120.8
147.6
107.4
128.9
112.9
112.8
119.1
120.5
147.9
107.8
128.4
112.0
112.9
118.8
118.3
147.6
107.2
128.7
113.5
113.5
107.3
129.3
113.6
113.5
1294
114.8
116.2
1283
1142
107.2
128.5
113.2
112.9
113.7
113.0
119.6
119.0
149.0
112.4
118.8
118.4
148.3
107.4
128.7
113.7
111.8
118.4
117.6
148.7
'121.8
'101.8
'98.4
106.6
'121.4
'101.3
'97.3
'106.8
'1288
'113.9
'111.5
'119.6
'118.1
'148.1
40.49
11.78
1227
2945
12.55
48.14
36.69
929
39.04
11.64
1202
2861
1282
1194
103.3
100.1
107.8
1132
1226
4921
3723
'909
'38.55
'11.68
' 1 1 .90
'28.64
'12.58
'49.79
37.17
'38.44
'11.63
' 1 1 .76
'28.72
'12.31
'49.17
'36.70
1302
114.7
'113.1
119.6
'120.6
'150.3
121.3
1022
55.6
120.9
101.4
97.8
106.4
129.9
114.0
112.0
119.7
119.9
150.1
SURVEY OF CURRENT BUSINESS
S-12 • November 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
Annual
1990 |
1992
1991
Sept. |
1991
Oct. | Nov.
Jan. |
Dec.
Mar.
Feb.
Apr.
May |
June
July | Aug.
Sept. |
Oct.
5. LABOR FORCE, EMPLOYMENT, AND EARNINGS-Continued
HOURLY AND WEEKLY EARNINGS §
[Dollars]
Average hourly earnings per worker, not seas,
adj.: 0
Private nonfarm payrolls
Mining
Construction
Manufacturing
Excluding overtime
Durable goods
Excluding overtime . ..
Lumber and wood products
Furniture and fixtures . . .
Stone clay, and glass products
Primary metal industries
Fabricated metal products
Industn'ai machinery and equipment
Electronic and other electrical equipment ...
Transportation equipment
Instruments and related products
Miscellaneous manufacturing
Nondurable goods
Excluding overtime
Food and kindred products
Tobacco manufactures
Textile mill products
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
Average hourly earnings per worker, seas, adj.: 0
Private nonfarm payrolls
Mining
Construction
Manufacturing
Transportation and public utilities
Wholesale trade . . . .
Retail trade
Finance, insurance, and real estate
Services
[Dollars per hour]
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (ENR): §§
Common labor
Skilled labor
Railroad wages (average class I)
Pottos]
Avg. weekly earnings per worker, private nonfarm: 0
Current dollars, seasonally adjusted
1982 dollars, seasonally adjusted $
Current dollars, not seasonally adjusted:
Private nonfarm, total
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
10.01
1368
1377
10.83
1037
11 35
1086
9.08
852
11.12
12.92
10.83
11.77
10.30
14.08
11.29
8.61
10.12
969
9.62
1623
8.02
657
1231
1124
13.54
1624
9.76
6.91
1297
1079
6.75
997
983
1033
1418
1399
11 18
1071
11 75
1127
9.24
876
11 37
13.34
11.19
12.16
10.71
14.74
11.65
8.85
10.44
998
9.90
1668
8.30
677
1273
11 49
14.02
17.03
10.07
7.18
13.24
11 15
6.95
1040
1022
1044
1432
1412
11 27
1073
11 88
11 33
937
886
1145
1352
11.31
12.23
10.81
15.00
11.67
8.90
10.48
997
9.89
1574
8.42
688
1283
11.63
14.15
17.16
10.13
7.20
1333
11 23
7.03
1051
1032
1043
14 12
1411
11 25
1074
11 86
1133
9.31
884
11 42
1348
11.29
12.25
10.76
15.01
11.70
8.86
10.47
998
9.87
1576
8.40
683
1283
11 61
14.19
17.15
10.10
7.20
13.26
11 18
7.03
1047
1032
1045
1427
1398
11 31
1079
11 91
11 37
9.33
884
11.48
13.49
11.35
12.28
10.86
15.05
11.74
8.93
10.54
1004
10.04
16.69
8.46
682
1288
11.61
14.22
17.39
10.14
7.25
13.28
11 25
7.06
1052
10.39
1049
1450
1409
11 38
1085
11 96
1141
9.34
894
11 49
13.49
11.39
12.33
10.94
15.12
11.82
9.08
10.62
1013
10.14
15.75
8.49
688
1298
11.68
14.28
17.48
10.23
7.34
13.38
11 33
7.05
1066
10.48
10.50
1459
1404
1129
1084
11 84
11 39
9.34
885
11 46
13.42
11.29
12.23
10.87
14.85
11.78
9.06
10.58
1014
10.08
1586
8.49
683
1290
1160
14.24
17.55
10.28
7.37
13.36
1129
7.10
1066
10.49
1052
1452
1387
11 32
1087
1189
1143
937
885
1142
13.45
11.33
12.29
10.88
14.94
11.77
9.07
10.58
1015
10.07
1596
8.49
685
1288
11.59
14.23
17.92
10.24
7.39
13.47
11 36
7.10
1081
10.54
1054
1454
1403
11 36
1089
11 92
11 44
934
889
1149
1348
11.34
12.33
10.92
14.99
11.84
9.11
10.63
1018
10.13
1676
8.51
687
1295
1168
14.26
17.96
10.27
7.44
13.38
11 34
7.11
1080
1053
1054
1452
1402
1141
1096
11 95
1149
935
891
11 60
1364
11.40
12.30
10.98
14.97
11.88
9.13
10.71
1027
10.20
1725
8.56
698
1302
11.64
14.39
17.92
10.33
7.47
13.43
11 34
7.12
1075
10.50
1055
1445
1405
11 44
1094
1202
11 49
9.40
895
11 65
13.65
11.43
12.38
10.99
15.17
11.86
9.10
10.69
1022
10.23
1752
8.58
696
1305
11 66
14.39
17.78
10.33
7.41
13.39
11 35
7.12
1076
1047
1053
1451
1409
11 45
1093
1204
11 50
9.41
899
11 66
13.69
11.43
12.44
11.06
15.18
11.90
9.12
10.69
1020
10.21
1813
8.60
697
1303
1167
14.38
17.62
10.36
7.41
13.40
11 33
7.10
1070
10.42
1053
1447
1405
11 46
1096
1203
11 52
9.46
9.00
11.68
13.77
11.39
12.49
11.05
15.12
11.93
9.11
10.73
1024
10.18
18.38
8.60
694
1313
11.76
14.49
17.70
10.39
7.28
13.43
11 38
7.10
1073
10.41
1056
1445
'1420
'11 44
1091
1204
r
11 49
9.49
9.04
11
68
r
13.74
11.41
'12.45
'11.03
r
15.21
'11.93
9.08
10.70
1018
10.13
r
1620
8.62
r
696
1307
'11.79
r
14.47
r
17.72
10.38
7.36
r
13.50
11.43
'7.10
'1084
10.45
1067
r
1459
'1419
'11
54
r
11 01
'1211
'11 59
'9.49
'9.09
11 84
'13.96
'11.44
'12.50
'11.07
'15.30
12.02
'9.14
'10.84
'1030
'10.23
'16.05
8.68
701
1336
'11.94
'14.66
'17.96
'10.47
'7.36
'13.61
'1145
'7.21
'1084
'10.61
1070
1443
1426
11 49
1095
1208
11 53
9.53
9.09
1 1 .73
13.73
11.43
12.52
11.05
15.29
12.04
9.20
10.75
1022'
10.12
15.61
8.67
699
1317
11.86
14.63
18.00
10.45
7.37
13.58
11 44
7.21
1089
10.65
1001
13.68
13.77
1083
12.97
1079
6.75
9.97
983
1033
14.18
13.99
11.18
13.24
11.15
6.95
10.40
1022
1039
14.30
14.01
11.25
13.27
1121
7.00
10.51
1030
1040
14.25
14.01
1127
13.24
1121
7.02
10.48
1030
1042
14.35
13.98
11.30
13.27
11.25
7.04
10.54
10.35
1046
14.43
14.02
11.32
13.34
11.27
7.06
10.62
1039
1046
14.43
13.99
11.27
13.34
11.27
7.07
10.62
1041
1051
14.45
13.93
11.34
13.43
11.33
7.09
10.73
1047
1055
14.50
14.06
11.37
13.41
11.35
7.12
10.78
1050
1052
14.46
14.03
11.42
13.43
11.29
7.09
10.68
1046
1056
14.49
14.09
. 11.44
13.44
11.37
7.12
10.76
1049
1058
14.52
14.20
11.44
13.47
11.38
7.11
10.76
1053
1058
14.50
14.11
11.45
13.43
11.38
7.14
10.76
10.53
'1066
14.55
'14.21
'11.51
'13.53
11.51
'7.16
'10.96
10.61
1063
'14.56
'14.08
'11.52
'13.56
'11.43
'7.18
'10.84
'10.59
1065
14.63
14.16
11.51
13.55
11.46
7.20
10.90
10.63
1833
23.92
1608
1888
24.76
1568
19.07
25.00
1596
19.11
25.09
1549
19.14
25.19
15.10
19.14
25.19
16.04
19.14
25.19
16.13
19.14
25.19
16.86
19.24
25.18
16.61
19.30
25.21
17.10
19.32
25.27
16.91
19.32
25.30
16.67
19.45
25.49
16.34
19.67
25.68
'16.41
19.73
25.75
16.31
19.73
25.76
345.35
259.47
354.32
255.64
357.42
256.58
356.72
255.53
358.45
255.85
360.87
257.03
358.78
255.36
363.65
258.27
363.98
257.23
360.84
254.47
365.38
257.31
362.89
254.84
362.89
254.30
'368.84
'257.57
364.61
254.08
367.43
255.16
345.35
603.29
526.01
441.86
468.76
40480
504.53
411 10
194.40
356.93
31948
354.32
629.59
533.02
45503
482.93
41969
512.39
42482
198.77
371.28
331 13
361.22
641.54
552.09
46658
496.58
42758
521.20
431 23
201.76
378.36
33540
358.79
626.93
553.11
46238
493.38
42508
511.84
42708
199.65
371.69
333.34
358.44
635.02
528.44
467.10
495.46
430.03
511.28
428.63
200.50
374.51
335.60
364.00
648.15
534.01
474.55
504.71
436.48
517.81
435.07
205.86
385.89
341.65
354.90
633.21
515.27
458.37
485.44
424.26
506.34
426.76
197.38
379.50
336.73
359.78
637.43
507.64
459.59
488.68
423.20
517.25
433.95
201.64
393.48
342.55
361.52
636.85
523.32
464.62
493.49
427.33
511.12
433.19
201.92
390.96
342.23
360.47
633.07
535.56
460.96
489.95
425.19
513.03
433.19
203.63
383.78
339.15
362.92
634.36
546.55
470.18
501.23
430.81
518.19
434.71
204.34
383.06
339.23
364.34
635.54
548.10
471.74
503.27
432.95
521.26
432.81
205.90
380.92
338.65
364.34
625.10
546.55
466.42
495.64
430.27
526.46
434.72
208.03
381.99
340.41
369.60
643.03
' 553.80
'470.18
499.66
434.42
'533.25
440.06
'210.16
'393.49
344.85
'367.05
'640.50
'526.45
'473.14
'498.93
'442.27
'532.15
'436.25
'209.09
'384.82
'342.70
369.15
645.81
554.71
474.54
504.94
437.53
529.62
437.01
207.65
387.68
345.06
EMPLOYMENT COST INDEX
[June 1989=100]
Total compensation:
Civilian workers f
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
Servic@ workers
Workers, by industry division:
Manufacturing
Nonmanufacturino
Services
Public administration
111 5
112.2
113.5
114.2
115.4
1121
1103
1123
1128
111.1
1131
1139
112.6
1141
1146
1135
1147
1158
114.4
1162
1112
111 7
1138
1122
112.2
1123
1146
112.6
114.0
1133
1155
114.0
1147
1141
1163
114.6
115.7
1153
1182
115.8
1100
1106
111 5
1121
1130
1108
1082
1106
111 3
1089
111 3
112.2
1098
111 9
112.8
1106
1124
113.7
111 3
113.4
1093
1102
1124
1106
1103
1107
1130
110.9
111 5
111 5
1137
111.9
1122
1120
1143
112.4
112.9
1130
115.9
113.1
HELP-WANTED ADVERTISING
Seasonally adjusted index 1967=100
See footnotes at end of tables.
128
93
92
88
89
90
85
89
93
90
93
92
91
93
89
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
Annual
1990
November 1992 •
1992
1991
1991
Sept. | Oct
S-13
Nov.
Mar. |
Feb.
Jan.
Dec.
Apr. |
May |
June |
July | Aug.
Sept.
Oct.
5. LABOR FORCE, EMPLOYMENT, AND EARNINGS-Continued
WORK STOPPAGES
Work stoppages involving 1,000 or more workers:
Number of stoppages:
Beginning in month or year, number
Workers involved in stoppages:
Beginning in month or year, thousands
Days idle during month or year, thousands
44
40
3
6
3
1
0
1
1
3
6
6
1
'4
'8
5
185
5,926
392
4,584
4
272
12
306
10
362
1
416
0
393
2
369
3
367
14
388
10
322
239
738
4
113
'7
'283
'4
'272
12
306
20184
2,514
2.4
18,058
115,957
161.64
23222
3i332
3.1
25,446
155,120
169.97
1 359
2,734
2.6
1,681
10,199
170.70
1 735
2,728
2.6
1,831
11,079
171.27
1 891
2,779
2.6
1,681
10,206
170.79
2603
3,487
3.3
2,183
13,259
170.99
2923
4,107
3.9
2,724
16,547
171.65
1 887
4,105
3.9
2,476
14,758
173.39
1 775
4,010
3.8
2,664
15,860
173.87
1 656
3,542
3.6
2,398
14,305
173.88
1 414
3,114
3.0
1,946
11,629
173.70
1 652
3,057
2.9
1,983
11,875
173.22
2040
3,029
2.9
2,049
12,342
171.70
1444
3,019
2.9
1,899
11,240
174119
131 7
24.1
1590
1,077.5
148.04
1371
30.7
2140
1,393.3
153.71
100
28.6
161
104.0
154.46
141
31.0
188
120.7
155.50
11 6
30.3
176
110.9
158.56
143
35.5
212
134.0
157.94
153
36.6
234
145.4
160.90
91
34.7
202
123.4
163.98
93
32.6
209
127.5
163.67
101
28.0
182
110.6
164.27
97
25.6
159
97.2
163.50
138
27.5
178
108.5
163.68
179
31.6
204
125.6
162.18
104
'120
34.1
'32.6
'21 1
21 1
131.6
'130.6
160.04 , '161.46
153
31.9
203
124.4
162.92
1329
18.4
131.7
773.3
170.58
1540
22.4
1678
926.8
17949
144
25.6
155
84.7
182.90
170
28.2
186
102.1
181.06
142
27.9
176
95.6
18374
200
41.6
288
151.7
18987
254
53.4
395
216.6
18220
183
59.1
398
214.4
18545
196
59.2
430
232.3
185.31
187
56.3
41.5
224.7
18457
176
53.8
38.2
205.9
185.35
218
56.3
41.4
221.4
187.08
252
57.0
441
233.3
189.24
246
61.8
44.6
233.9
190.67
'262
'66.1
'50.0
'257.8
'194.03
260
67.8
53.7
275.5
194.79
43112
535,802
403 157
221 310
181 847
132645
41 375
534,540
397,939
216,796
181 143
136601
39309
538,075
401 ,877
221,480
180397
136 198
39335
546,398
400,697
226,667
174030
145701
38384
536,585
394,322
223,381
170941
142263
37767
544,730
405,597
234,447
171 150
139,133
37733
543,172
403,160
226,490
176670
140012
540,369
401,189
228,807
172382
139,180
549,714
413,010
235,615
177704
136704
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
Federal civilian employees unemployment insurance
(UCFE):
Initial claims thousands
Average weekly insured unemployment, thousands
Total benefits paid mil $
Weeks of unemployment compensated, thousands
Average weekly benefit, dollars
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
'1 426
'2,716
2.6
'1,778
'10,559
'174.41
1455
2,456
2.3
1,612
9,528
175.37
6. FINANCE
BANKING
[Millions of dollars]
Open market paper outstanding, end of period:
Bankers' acceptances
Commercial and financial company paper, total
Financial companies
Dealer placed
Directly placed
Nonfinancial companies
Loans of the Farm Credit System:
Total end of period
Long-term real estate loans
Short-term and intermediate-term loans
Loans to cooperatives
Federal Reserve banks, condition, end of period:
Assets, total #
Reserve bank credit outstanding, total #
Loans
U.S. Government securities
Gold certificate account
Liabilities total #
Deposits, total
Member-bank reserve balances
Federal Reserve notes in circulation
All member banks of Federal Reserve System,
averages of daily figures:
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
Loans and leases(adjusted) total §
Commercial and industrial
For purchasing and carrying securities
To nonbank depository and other financial
Real estate loans
To States and political subdivisions
Other loans
Investments total
U.S. Treasury and government agency
securities total
Investment account
Other securities
See footnotes at end of tables.
54771
557,811
420,398
221362
119036
137413
43770
528,124
403,556
221 093
182463
124568
43462
532,107
400 292
213,516
186776
131 815
51 172
29416
10,673
11 083
51457
28767
11223
11467
51 262
29255
11 389
10618
327,573
262,002
190
252,103
11,058
327,573
48,228
38658
267,657
353,061
289,394
218
281,831
11,059
353,061
49,783
29413
287,906
321,636
264,528
315
258,554
11,062
321,636
36,000
27404
273,809
333,357
274,061
153
267,675
11,059
333 357
44,061
25513
276,792
329,519
271,992
106
265,213
11,058
329,519
34,129
27246
282,027
353,061
289,394
218
281,831
11,059
353,061
49,783
29413
287,906
333,129
272,481
112
266,148
11 058
333,129
40,595
29195
280,117
330,347
271,536
62
265,423
11,058
330,347
36,659
30,688
281,605
59,150
57456
1,665
326
1 362
55,532
54553
979
192
788
51,127
50198
929
645
586
51 584
50 501
1,083
261
834
53,057
52165
892
108
786
55532
54553
979
192
788
55812
54809
1,003
233
771
278 721
218,263
'9315
4,831
28,334
255 000
204,158
8845
2,158
23,508
218221
173,948
7,304
1,610
19,243
221 790
177,964
6984
1,634
20,553
244 247
194,355
8342
3,397
22,503
255 000
204,158
8,845
2,158
23,508
44910
525,624
392,341
211801
180540
133283
43947
529,699
394 731
213350
181 381
134968
43770
528,124
403 556
221 093
182483
124568
51457
28767
11,223
11 467
52,242
28775
11i398
12069
52098
28,776
10,650
12671
335,971
332,011
332,729
344,466
347,656
343,638
364,084
346,817
274,013
52
267,601
11,057
274,830
115
267,945
11,057
277,354
150
271,052
11,057
283,729
276,883
11 060
282,069
256
275,969
11,060
288,180
244
282,153
11,059
303,724
609
, 296,397
11,059
288,917
80
282,877
,11,060
335,971
332,011
332,729
344,466
347,656
343,638
364,084
346,817
36,952
29480
283,383
32,960
27,801
286,457
29,527
23,503
289,684
36,839
22,740
290,772
40,270
25,302
294,107
36,206
29,422
295,876
53,094
27,665
297,609
34,484
29,339
300,010
55238
54174
1,065
77
990
56282
55254
1,028
50,455
49318
1,137
48825
47825
1,000
49496
48584
49823
48857
50,162
49227
'51,521
'50527
90
1 049
155
845
965
284
681
935
251
684
53138
52065
1,073
91
939
913
229
684
230582
182,976
7792
1,787
20,130
9M 999
184,674
8,026
1,771
22,077
236 975
188,976
8059
1,535
21,004
244783
194,581
3,544
21,629
247411
194,793
8,031
1,411
24,959
235 901
187,252
8,985
2,162
21,221
240649
194,223
7,747
1,790
20,731
240 184
193,149
7,784
1,749
20,546
265 732
215,316
8,484
2,359
21,839
255487
206,700
8,245
1,471
22,557
101,757
89,716 91,751 96,188 101,757
99,453
91,138
788,004 784,509 780,087 777,657 788,004 780,392
797,701
762,580
758,036 750,959 748,624 746,642 758,036 749,284
1,072,019 1,027,027 1,015,986 1,008,330 1,007,962 1,027,027 1,015,587
321,314 294,246 297,275 295,727 294,318 294,246 288,696
14,817
14,104
14,817
12,672
13,725
14,351
13,129
21,694
23,032
23,123
22,022
24,462
23,123
22,529
402887 396960 396,067 395,619 402,887 402,432
398753
17,876
17,345
21,054
18,343
18,091
17,866
17,876
293,307
274,078 269,042 262,191 262,776 274,078 270,988
282,554 263,841 276,532 279,824 282,554 284,194
238,932
100,503
778,947
746,634
102,383
774,935
744,372
101,466
771,221
740,092
101,775
767,467
735,992
100,711
758,296
729,710
102,188
754,062
726,714
103,318
749,281
721,372
106,316
739,351
713,747
110,515
736,595
710,088
1,013,644 1,015,170 1,014,895
288,876 289,163 286,598
13,371
14,197
14,096
21,832
22,499
21,961
400,945 400,247 403,272
17,221
17,167
16,822
272,146
271,399 271,897
999,071
283,940
14,034
21,372
400,688
16,972
262,065
996,078
280,193
14,198
20,671
399,491
16,380
265,145
984,175
276,467
14,620
20,185
397,707
15,719
259,477
983,304
274,996
15,736
20,116
395,266
15,606
261,584
936,072
278,594
15,932
21,665
396,927
15,631
207,323
989,342
276,773
16,26121,519
398,901
15,239
260,649
177816
167,790
61.116
225344
206,837
57.210
207410
189,404
56.431
220,133
201,209
56.399
223,497
203,402
56,327
225,344
206,837
57,210
228,768
208,104
55.426
8107
1359
'994
287
'707
143
930
288,374
293,551
291,547
292,835
298,786
302,190
315,333
378,429
321,659
233,951
212,090
54,423
239,304
215,998
54,247
237,039
214,340
54,508
239,486
218,174
53,349
245,996
226,889
52,790
248,189
229,185
54,001
259,952
240,364
55,381
323,424
246,763
55,005
266,417
244,183
55,242
SURVEY OF CURRENT BUSINESS
S-14 • November 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
shown in BUSINESS STATISTICS, 1963-91
1992
1991
Annual
1990 |
1991
Sept. |
Oct. |
Jan.
Nov. | Dec.
Mar. |
Feb.
Apr. | May
June |
July |
Aug. |
Sept.
Oct.
6. FINANCE-Continued
BANKING-Continued
[Billions of dollars]
Commercial bank credit, seas, adj.: § ,
Total loans and 'securities 0
U.S. Government securities
Other securities
Total loans and leases 0
[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 $
Finance co. paper placed directly, 6-mo
Yield on U.S. Gov. securities (taxable):
3-month bills (rate on new issue)
r
27236
4542
1756
20938
28384
r
562.6
r
1793
T
2,096 5
27891
523.0
1763
20898
28055
5387
1779
20889
10.01
8.46
8.20
6.98
5.45
968
973
r
r
28700 '28700
r
r
61 5.4
608.0
'1723
'1743
20897 2080.2
r
28829
r
630.3
'1746
'2,078.0
28984
634.5
28228
5508
28384
5626
28490
5657
28495
5704
1788
1793
1786
1786
20932
20965
2,104.7
21005
800
758
721
6.50
6.50
6.50
6.50
6.50
6.50
6.02
6.00
6.00
6.00
5.20
500
4.58
4.11
3.50
3.50
3.50
3.50
3.50
3.50
3.02
3.00
3.00
3.00
901
904
900
893
878
878
838
843
828
825
817
829
815
821
814
826
826
830
820
815
8.04
781
7.78
772
768
8.02
7.58
7.44
793
7.95
7.53
570
5.85
5.60
538
5.59
5.34
521
5.33
5.12
485
442
4.93
4.76
4.49
4.31
3.97
4.06
3.95
4.00
4.13
3.96
4.19
4.38
4.15
3.92
4.13
3.89
3.76
3.97
3.77
3.80
3.99
3.80
3.32
3.53
3.35
3.28
3.44
3.29
3.10
3.26
3.11
3.19
3.33
3.23
7.510
5.420
5.250
5.030
4.600
4.120
3.840
3.840
4.050
3.810
3.660
3.700
3.280
3.140
2.970
2.840
748 300
742 058
729810
729 782
729758
742 058
733 294
725 882
721 091
718676
718420
719,845
718,599
'721,985
724,371
347466
137450
92911
43552
45616
4822
76483
339 565
121 901
92,254
44030
40315
4362
99631
333417
125299
92605
38070
41 138
4753
94528
334 835 333 272
1 24 299 123228
91,849
92,128
39460
38147
41 691
41 337
4529
4388
94153
96224
339 565
121 901
92,254
44030
40315
4362
99631
335 320
119206
91,894
41 567
39,448
4,377
101 482
330 464
120280
91,469
40015
38,479
4,151
101 024
327 697
118,353
91,164
39454
37,142
3,988
103293
326 205
118364
91,339
39553
36499
4,094
102622
324 791
116138
91,605
37824
36224
4,193
107645
324 171
116,690
92,340
37438
35,782
4,360
109064
323 899
117,002
91,778
37219
35,552
4,506
108 643
323 866
'117,175
'92,270
38791
'35,378
4,542
'109963
324,046
117,351
92,286
38778
35,069
4,499
112342
284813
232,370
20666
210451
263108
255,895
0
3
223,055
267 823
237,720
266 747
239,577
263 108
255,895
259 530
242,267
258449
242,708
258 665
243,315
257 442
245,092
'259128
'247,051
260 870
248,543
2
2
28558
r
5786
28683 '28659
5906
5991
1756
1756
1739
r
2101 6 '2 102 1 r 20929
1749
2,089.1
CONSUMER INSTALLMENT CREDIT t
[Millions of dollars]
Not seasonally adjusted:
Total outstanding (end of period) #
By major holder:
Commercial banks
Finance companies
Credit unions . .
Retailers
Savings institutions
Gasoline companies
Pools of securitized assets
By major credit type:
Automobile
Revolving
Mobile home
Other
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
3
263 249
243,349
(3)
(3)
3
(3)
3
224 267 223 458 223,1 60
3
(3)
223 055
3
222,1 03 221 ,071
727 799
728618
263,134
244,288
138
-1,999
2,693
(3)
3
-554
729225
727 960
1 776
-1 265
-161
-201
-2,037
1,137
620
2,449
212
131
1,503
(3)
(3)
(3)
^73
3
3
^16
-992
728,395
261,659
245,974
(3)
(3)
3
221 ,196 3 220,762
819
-223
(3)
-365
(3)
3
264 621 264420 262 383 263 003
238987 241 436 242,573 2423 785
(3)
(3)
()
(3)
3
223 842 3 223 369 3 223 004 3pp?m?
727449
259 723
245,088
261 871
249,320
(3)
(3)
3
21 9,294
727,404
3
217,519
(3)
3
21 6,440
723,821
722,928
259,834
246,220
(3)
3
21 6,874
-715
(3)
(3)
3
3
-742
(3)
3
-2'479
3
21 7,311
722,919
257,339
247,418
3
3 ( )
218,162
-9
-893
-1,749
646
466
258104
244,661
(3)
262,125 260,376
245,259 245,905
3
' (3)
3
3 ( )
220,020 21 7,541
-991
-3,583
-1,475
1,686
^34
(3)
r
-542
315
(3)
3
-667
(3)
3
721,820
'720,664
722,271
257.743 '256,944
247,332 '248,043
3
(3)
3 ( )
21 6,744 '3 21 5,677
-1,099
404
-86
(3)
1,288
(3)
21 5,834 ' 21 5,806 214,958
-2,495
1,198
3
(3)
3
(3)
3
257,853
249,867
(3)
3
21 4,550
1,607
'-1,156
909
1,824
'-799
'711
(3)
3
-1,41 8 ' -1,067
(3)
3
-1,1 27
FEDERAL GOVERNMENT FINANCE
[Millions of dollars]
Federal receipts and outlays:
1
1 031 374
Receipts (net)
1
Outlays (net)
1 251 683
1
-220 460
Total surplus or deficit (-)
1
220 460
Federal financing total
1
Borrowing from the public
263
384
1
6098
Other
1
3
088
716
Gross amount of debt outstanding
1
2,351 085
Held by the public
Federal receipts by source and outlays by
agency:
1
1,031 ,374
Receipts (net), total
• l 467 243
Individual income taxes (net)
1
Corporation income taxes (net)
93 506
Social insurance taxes and contributions
1
380 047
(net)
1
Other
90,670
1
Outlays (net) total
1,251
,683
1
Agriculture Department
46,01 3
1
289 773
Defense Department military
M38,678
Health and Human Services Department ....
1 254 597
Treasury Department
National Aeronautics and Space
1
Administration
12 429
i 28999
Veterans Affairs Department
'78,218 118,344
73194 103662 r 104,094 r 62,21 8 r r 73,087 '138,503 r 62,303 r 120,920 r 79,080
109350
78068
r
r
r
116238 114660 117878 106199 119758 111 391 123 799 123 894 "109089 '117,137 ' 122.226 '102,920 112,943
-24,702
5,400
3,783 -43,146
-2,537 -15,664 -49,174 -50,712
14,609 -46,786
-6887 -36,592 -44,684
-269 492
1
15,664
49,174
-3,783
24,702
-5,400
43.146
44,684
2,537
50,712 -14,609
46,786
6,887
269,492
36,592
1
38,841
22,318
28,290
9,853
20,938
6,292
33,840
40,657
25,641
22,825
11,449
50,138
293 239
27970
1
14,139
-4253 -27 821
15253
4681
-19826
20181
776
26101 -16.307
25 303
21 141
20901 -13095
1
3 489 997 4 3598919 3 651 127 3681 196 3 736 276 3 743 534 3 762 074 3 81 1 671 3 R99 ??? 3865111 3,918,787 3.942 569 3,983,735 4002815
1
2,628,699 2,687,859 2,727,824 2,753,465 2,776,290 2,788,596 2,809,534 2,859,672 2,867,085 2,900,925 2,923,243 2,950,083 2,988,923 2,998,776
1
1 054 265
1
1 323 757
1
1
1,054,265
1
467 649
1
98 086
109,350
47979
18580
78,068
39332
1 171
73,194
31987
1,516
103,662
41,722
21,719
104,091
60,451
2,992
62,056
22,213
1,220
72,917
19,503
11,742
138,430
67,993
14,198
62,244
12012
2,691
120,909
53,072
20,784
79,074
35.098
2,732
78,216
34,715
1,579
118,344
55,496
19,896
1
34,042
8,317
116,238
3,525
21006
39,616
16044
28,435
9,132
114,660
6,376
22,765
42,710
17457
31,502
8,189
117,878
5,926
24,780
44,655
21 486
30,996
9,225
106,199
5,761
23,094
43,576
49929
31,832
8,765
119,755
4,372
24,806
44,126
18,296
32,282
6,342
111,230
3,906
23,262
43,595
20,185
34,237
7,434
123,629
5,462
22,109
43,303
21,375
47,461
8,779
123,821
5,080
22,948
45,693
19,756
40,362
7,179
109,029
5,007
23,379
44,316
22,801
38,380
8,672
117,126
3,912
24,868
49,575
49,230
31,722
9,522
33,139
8,782
102,918
3,266
20,538
43,333
18,403
33,322
9,629
112,943
3,922
24,902
46,703
16,536
1
13 878
1
1 148
1 313
1 251
3048
1 194
4039
1 308
2614
1 035
2445
1 044
31 214
3114
1,294
1 804
1 148
2898
1 133
2686
1,151
2514
4010
11 061
384.08
11 059
362.04
11 062
348.79
11 059
358.68
11 058
359.53
11 057
361.06
1 1 ,058
354.45
11,058
353.89
11,057
344.34
11,057
338.50
11,057
337.24
11,059
340.81
11.059
353.05
11,059
342.96
345.55
344.38
4.819
4.040
4.030
4.100
4.060
3.910
4.120
4.140
4.100
4.030
4.070
4.060
3.950
3.800
3.760
3.740
396,010
97,581
1,323,757
1
54,1 20
'299196
1
483,936
1
276 887
1
1
122,220
3.595
29,180
48,176
17,536
1.179
1,076
1 361
1,149
3201
GOLD AND SILVER:
Gold:
Monetary stock U S (end of period) mil $
Price at New York, dot. per troy oz. $±
SilverPrice at New York, dol. per iroy oz. |i
See footnotes at end of tables.
November 1992- • S-15
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
1992
1991
Annual
1990 |
1991
Sept. |
Oct. |
Nov. |
Dec.
Jan. |
Feb. |
Mar. |
Apr. |
May |
June |
July |
Aug. |
Sept. |
Oct.
6. FINANCE-Continued
MONETARY STATISTICS
[Billions of dollars]
Currency in circulation (end of period) .
2870
3077
2934
8604
3,402.7
41605
49858
8674
3,404.2
41452
49636
8755
3,413.4
41500
49662
8939
3,435.0
41691
49967
9173
9182
9168
3,453.7
4181 7
50083
3,455.6
41788
49986
3,461.8
41882
"5 002 3
259.5
261.7
2786
263.1
2837
3206
266.3
291 1
3288
270.0
3030
3365
267.8
3000
3425
269.5
2964
3432
271.0
273.4
3021
3129
3500 :
360 8
77.8
74.8
3032
3077
3109
Money stock measures and components (averages of
daily figures):
Measures (not seasonally adjusted):
8120
M2
M3
L (M3 plus other liquid assets)
Components (not seasonally adjusted):
Currency
Demand deposits
Other checkable deposits *±
Overnight HP's and Eurodollars 0
General purpose and broker/dealer money
market funds
Money market deposit accounts
Savings deposits
Small time deposits @
Large time deposits @
Measures (seasonally adjusted):
3,298.3
40928
49322
235.5
2776
291 0
81.2
333.2
501 1
911.3
1,160.5
525.5
2801
3128
69.5
362.9
(i)
1
980.0
1,129.9
471 9
M1
M2
M3
3187
66.9
872.0
4,1529
49727
880.9
34180
4,159.1
49763
2629
2806
320.6
1
1,002.4
1,111.0
4585
2648
2838
324.5
1
1,01 5.0
1,095.2
4500
3411 9
L (M3 plus other liquid assets)
Components (seasonally adjusted):
Currency
Demand deposits
Other checkable deposits *i
Savings deposits
Small time deposits @
Large time deposits @
70.1
3587
3574
(i)
(i)
1
1 001 0 M 0133
1,110.3 1 ,097 1
4605
4502
73.8
3586
(i)
1
1 028 5
1,080.1
441 9
891.4
3431 8
4,1669
49894
2660
2876
329.7
1
1,028.7
1,079.2
4423
76.3
77.8
9547
9440
3,489.8 r3,455.6
"41960 "41641
r
50275 49858
9308
3,476.5
41968
50268
r
72.8
r
r
r
9521
9630
9706
'9830
"3,473.8
3,460.6 r 3,465.8 "3,471.1
r
41638 "41637 41770 "4171 2
r
50009 "49974 r 50166 50316
1 001 2
3,492.9
41734
r
275.7
3075
277.3
3531
69.4
356.1
3172
3192
3564
'3597
'76.2
284.7
"3254
"364.1
"74.6
287.0
3363
369.3
"3490
(i)
rl
1 1485
r
926.7
'3866
"3446
(i)
rl
1,1579
"913.7
"381 5
3472
(i)
1
1,169 3
899.0
3732
r
951.8
960.6
"973.1
"988.6
34647 r 34627 r 34720 '34824
4,166.7 "4,1626 '4,1743 "4,1801
r
r
50137 5 005 7 "50230 5041 9
1,007.3
34977
4,182.9
(i)
1 038 7
1 ,063 4
4355
3582
(i)
1
1 055 4
1,046.1
4249
r
3667
3673
'3540
"351 2
3623
(i)
(i)
(i)
(i)
(i)
1
1 ,078 1 M.1005 M.1157 M 1224 "M 1322
r
1,022.4
1,003.2
965.7
9527
984.3
4194
4135
4045
4024
3969
898.1
34399
4171 0
49881
910.4
34477
4,1737
"4 980 5
931.0
34746
4,198.7
r
50090
2673
2895
333.2
1
1,042.6
1,063.0
2694
2939
339.0
1
1,061 .2
1,042.9
4279
271 8
2736
311 2
3096
346.3
349.5
350.0
1
1
1,083.9 1 ,098.0 M.1112
1,019.8
1,002.8
985.3
4207
4130
4057
4371
939.0
34759
4,191.8
50199
942.8
3471 7
'4,1792
r
50126
r
271 6
3051
r
r
954.3
34733
4,1 78.5
50023
r
72.3
3581
1
280.8
3106
72.8
r
3480
(i)
1
1,1400
r
942.0
3883
282.9
r
2762
311 0
356.4
356.7
1
1
1,1 22.4
1,127.0
968.7
956.2
3953
4009
r
2747
3151
76.2
2823
3207
'362.2
rl
1,145.6
"927.4
"3847
"2864
327.8
"366.1
rl
1,159.5
"914.2
"3800
2884
336.5
373.8
1
1,171 .3
897.3
3732
17 497 "20987
'3,337
2,681
"19073
"12,905
19504
826
74.3
73.0
2789
r
3156
358.2
rl
1,134.4
" 942.4
3885
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 electronic equipment
Transportation equipment (except motor vehicles
and equipment)
Motor vehicles and equipment
All other manufacturing industries
Dividends paid (cash), all manufacturing
111 319
16074
429
67965
19639
833
17994
5539
214
852
5739
1,592
253
257
17
1 092
8676
3,971
460
4817
2164
23412
17,967
20558
10,868
-1 602
986
-1439
3359
-2740
4706
-1 315
1,889
-1 424
T-232
-1 148
274
-1 266
1 903
19,756
62,197
2694
-7,607
15,404
60,222
85
1,679
5,699
14,654
234
-2,658
2,711
15,873
127,938
34,693
172576
43,809
13988
4,390
-916
2,516
583
4638
11205
6409
5065
-552
24341
5,085
294
796
6268
2,252
-369
4210
-317
-575
401
-140
1 060
1,637
1 847
196
526
4,694
14,815
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
;
14,034
2,203
19215
853
71.4
71.0
1,104:51
899.00
19748
1,962
"15050
"999
"16,019
r
7,423
"19282
r
7,41 7
"18123
3,344
70.6
71.0
r
18 362
r
970
r
27
601
r
8,527
r
r
SECURITY MARKETS
[Millions of dollars, unless otherwise indicated]
Stock Market Customer Financing
Margin credit at broker-dealers end of year or month
Free credit balances at brokers', end of year or
month:
Margin-account
Cash-account
Bonds
Prices:
Standard & Poor's Corporation, domestic municipal
(15 bonds) do/ per $100 bond
Sales:
New York Stock Exchange, exclusive of some
stoDDed sales, face value, total
See footnotes at end of tables.
28210
8050
19285
66.0
68.8
10,892.70
12.698.11
69.5
880.40
71.1
1,037.61
73.0
1,274.73
77.1
1,251.32
1,124.58
924.16
71.7
840.52
73.7
904.49
75.8
999.56
76.1
867.62
859.79
981 .83
SURVEY OF CURRENT BUSINESS
S-16 • November 1992
Annual
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
Shown in BUSINESS
STATISTICS, 1963-91
1990
|
1992
1991
1991
Sept.
Nov.
Oct.
Dec.
Jan.
Feb. |
Mar. |
Apr. |
May
June I
July
Aug. [
Sept.
Oct.
6. FINANCE-Continued
Bonds-Continued
[Percent}
Yields:
Domestic corporate (Moody's)
By rating:
Aaa
Aa
A .
. . . .
Baa
By group:
Industrials
Public utilities
Railroads
Domestic municipal:
Bond Buyer (20 bonds)
Standard & Poor's Corp. (15 bonds)
U S Treasury bonds taxable *
977
923
903
899
893
875
864
875
881
877
871
863
844
829
826
841
9.32
8.61
956
982
10.36
877
905
930
980
855
883
908
949
848
878
901
945
831
861
882
926
820
851
872
913
829
869
883
923
835
873
889
925
833
869
887
921
828
863
881
913
822
856
870
905
807
837
849
884
795
821
834
865
792
817
831
862
799
832
849
884
9.77
9.76
9.25
9.21
9.02
9.03
898
893
893
874
861
867
873
877
877
884
875
879
870
872
8.61
8.64
842
846
823
834
8.19
8.32
838
8.99
7.31
7.25
690
673
669
678
658
658
642
589
631
633
652
6.59
6.64
6.63
6.64
6.57
6.50
6.12
6.08
6.24
874
816
796
788
783
758
748
778
677
669
793
669
6.80
665
641
674
7.45
788
780
772
740
719
708
96524
2,678.94
211 53
1,04024
1 048 27
2 929.32
21032
1 17022
334.59
39088
282.47
433.92
14016
254.32
20285
376.17
44581
300.66
544.04
141 95
288.54
24819
387.20
45911
30357
567.52
14284
295.12
26441
386.88
45739
300.65
564.88
14454
314.42
29059
2612
8550
95.53
34256
2969
9036
114.67
37958
31 43
9757
125.96
36016
9910
9641
12629
361 93
18346
22578
158.62
9060
13326
20548
25709
17397
9226
15018
21254
26621
177.99
40921
43057
471.43
319.03
179.36
17017
886
911
951
8.76
6.67
8.44
726
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,
12X1/65=50:
Composite
Industrial
..
Transportation .
...
Utility
Finance
NASDAQ over-the-counter price indexes:
Composite 2/5/71-100
Industrial
. .
Insurance
Bank
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 mil $
Shares sold (cleared or settled) millions
New York Stock Exchange:
Exclusive of odd-lot stock sales (sales
effected) millions
NASDAQ over-the-counter:
Market value mil $
Shares sold millions
Shares listed, NYSE, end of period:
Market value all listed shares bil. $
Number of shares listed millions
1 067 44 1 08794 1 08222 1 077 52
3,01035 301973 298612 2 958 64
20803
21354
21927
21667
1 18239 1 283 07 1 23709 1 233 31
1 16627 1 17423 1 16958 1 16758 1 19556 1 17492 1 17050 1 154 13 1 15692 1 13891
322706 3 257 27 3 247 41 3 294 08 3 376 78 3,337 79 3 329.40 3,307 45 3 293.92 319869
21715
21572
21315
21907
22019
22003
20684
20438
20607
21246
1 378 73 1 41223 1 408 98 1 356 85 1 380 45 1 333 28 1 30310 1 254 65 1 275 19 1 286 16
385.92
45497
29410
568.32
14666
315.86
29312
38851
45800
29014
59637
14881
312.73
291 18
41608
49337
32061
632.83
14970
340.35
30220
41256
49089
32278
63066
14306
348.31
30454
40736
48486
31767
621 .24
13945
346.73
29838
40741
48453
31279
61742
141 61
344.98
31339
414.81
49072
319.45
618.26
14725
356.62
33510
408.27
481 96
312.12
598.89
14679
342.07
32235
415.05
48716
309.35
617.31
15370
334.44
31556
417.93
49088
305.32
627.14
14997
321.77
30561
418.48
49356
30768
627.04
15536
323.19
30424
412.50
483 33
300.35
614.96
15428
327.46
310.25
31 22
31 21
9272
12776
39232
3436
10513
141 08
41266
3434
11059
14583
401 84
3429
10884
14511
391 26
3394
10728
14609
38542
3517
11736
154.88
38381
3490
11536
150.34
39063
3618
12565
37683
11886
15307
41577
3578
112.94
148.87
41750
3522
10970
145.81
42470
111.21
149.35
46056
21325
26488
188.52
9677
15977
21432
26609
185.68
9320
16004
22933
28662
201.55
9930
17449
22811
28609
20552
22521
28235
204.09
22454
281 60
201 28
9617
9415
9491
15768
21309
26568
195.74
9524
15894
17404
17349
171 05
22854
28516
207.87
9823
17589
22467
27953
202.02
9722
17482
22816
281 90
198.36
101 17
18092
23007
284.44
191.30
10341
18046
23012
285.76
191.64
10226
17827
22697
279.69
192.30
101 62
181 35
491 56
54948
535.65
319.34
217.09
21825
52056
58235
538.78
342.02
229.72
231 95
52892
59357
531.88
337.82
233.23
23618
53658
60436
556.99
328.83
236.64
24047
54410
61710
561.90
326.63
240.48
23499
61573
70759
617.22
368.12
272.66
301 41
63205
72385
62469
385.75
279.32
28905
61960
701 75
617.56
393.51
273.67
28000
58279
64291
600.57
402.24
257.56
25679
581 47
630.97
614.90
428.79
257.43
25257
56666
608.48
615.17
436.01
250.86
24357
56872
60499
642.64
456.84
251.82
24232
56900
603.07
678.01
461.64
251.98
241 69
58068
621.06
685.03
456.88
257.35
24913
605.17
650.83
729.08
478.06
268.36
261 23
361
316
324
282
315
273
314
274
315
275
311
273
290
255
294
258
301
263
302
263
299
263
306
300
297
5.91
5.95
5.95
5.87
5.80
5.71
5.72
5.99
6.16
6.08
256
482
230
369
219
348
207
338
209
328
208
321
1 93
274
1 90
285
1 94
292
1 94
8.96
8.17
7.81
7.93
7.81
7.62
7.54
7.54
7.64
5.80
1.87
2.94
7.61
2.69
5.84
1.97
3.00
7.53
2.65
5.58
2.01
2.89
7.47
2.62
5.47
2.17
2.94
7.21
7.09
7.22
9371
31 27
1,611,667
53338
1,776,305
58031
127,651
4085
152,760
1 389 084
43826
1 531 813
47674
110065
3346
132782
4 127
4971
157,817
5,071
154,862
136256
133722
4175
5391
4351
213,054
2.99
7.75
177,051
5507
172,592
5529
170,536
6915
182510
5440
152516
4434
149951
4386
147607
4227
5127
160,568
4,802
164,313
5,080
163,921
5,155
143,874
4,645
149,984
5,500
138059
3926
143,429
4240
142447
4299
124,095
130,809
3817
4710
39665
45267
3247
4085
3,727
4,156
5,268
4292
4,082
4320
3,666
4,296
4,274
3,647
4,019
4,469
377 468
27,894
693854
41,264
55614
3,233
72688
4,078
64967
3,708
64893
3,632
108835
5,509
79986
4,264
73400
4,045
78144
3,942
57296
3,126
64635
3,591
63154
3,597
53,571
3,083
66871
3,711
75,795
4,227
2,819.78
90732
3,712.84
99622
3,400.30 3,470.09
97412
96519
3,352.40
98683
3,712.84
99622
3 654.92 3,742.72
102450 103269
3,782.33
107148
3,712.82
110121
3,870.96
111 389
3,806.74
112519
3,840.63
113450
3,870.50
114047
3,664.00 3,718.28
100117 101 214
7. FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTS
[Millions of dollars]
Exports (mdse ) incl reexports total @
Seasonally adjusted
Western Europe
European Economic Community
Belgium and Luxembourg
France
Federal Republic of Germany
Italy
.
Netherlands
United Kingdom
Eastern Europe
.
USSR (former)
See footnotes at end of tables.
3613
393 592 3
421 730 0
34 391 3
35 282 7
37 896 5
368421
1129746
98 026 8
10,448.3
136522
186933
7,987.3
130158
234841
4,262.6
3.087.7
1187233
1032085
10,790.8
153654
21 3165
8,578.5
135281
220634
4,785.5
3.577.6
9201 0
101822
88281
879.2
1 1761
1 621 8
682.5
1 3640
2161 0
419.6
324.8
79275
832.7
1 3021
1 6256
624.0
861 3
1 6286
362.1
268.4
36 969 6 349961
37,269 0 36 053 0
99780 101780
86783 8,784.4
869.1
748.2
1 285 6 1 3266
1 7403 1 791 7
924.4
752.2
1 2753 1 2755
1 7535 1 697.6
494.0
593.6
357.3
503.0
34 468 8
35,467 1
368598
37 654 4
39 784 3
37 084 7
95620 10791 5 1 1 455 0
85429 9 373.7 10201.3
766.7
832.4
926.1
1 1881
1 4237 1 5320
17659 1 9624 20508
8804
772.9
740.0
1 231 4
1 1639 1 5231
1 7946 1 903.0 23424
502.1
341.4
415.2
241.7
299.6
393.3
371727
36 405 8
9901 2
8 776.5
793.0
1 2805
1 771 3
705.6
1 1148
1 9863
485.9
287.3
36 695 9 39 055 2 35 978 7 r 348870 371947
357179 38 164.6 37 805.5 "35,7993 38 238.4
96489 94845 87440 86787 93930
8,523.7
8,215.4
7,664.0 7,660.9 8,278.6
932.7
824.3
832.3
864.6
727.9
1 2139
1 151 8 1 0127 1 0092 1 2526
1 6147
18243
1 6565 1 6260 16343
727.2
686.9
762.2
838.0
697.9
1 071 7
9830
9195
1 0206 1 0508
1,918.4
1,815.2
1 ,652.1 1 ,735.1
1,655.5
533.7
448.0
396.3
320.0
418.9
290.5
330.9
334.9
247.6
220.0
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
shown in BUSINESS STATISTICS, 1953-91
Annual
1990
I
November 1992 •
1992
1991
Sept. | Oct.
1991
S-17
Nov. |
Dec.
Jan. |
Feb. | Mar.
Apr. |
May |
June
July | Aug.
Sept.
7. FOREIGN TRADE OF THE UNITED STATES-Continued
VALUE OF EXPORTS-Continued
[Millions of dollars]
Exports (mdse.), incl. reexports—Continued
Western Hemisphere:
Canada 0
'
Brazil
Mexico
Venezuela
Asia:
China
Hong Kong
Japan
Republic of Korea
Saudi Arabia
Sinaaoore
Taiwan
Africa:
Nigeria
Republic of South Africa
Australia
OPEC
Exports of U S merchandise total <§>
By commodity groups and principal commodities:
Agricultural products, total
Noriagricultural products total
Food and live animals #
Beverages and tobacco
Crude materials, inedible exc fuels # .. , .
Mineral fuels, lubricants, etc. #
Oils and fats, animal and vegetable
Chemicals
Manufactured goods class, chiefly by material
Miscellaneous manufactured articles
Machinery and transport equipment, total
Motor vehicles and parts
7,044 8
6172
30602
450.7
r
6,124.9
6176
29088
385.0
6,949.2
4432
3071 8
357.4
7,027.7
4603
32001
390.2
8,195.0
4546
35296
493.8
7 847.2
3854
35099
475.3
7,666.0
4307
33863
454.8
8,397.5
5942
34960
497.5
6,879.4
4267
34766
491.8
7,095.6
3848
3153.9
493.7
7,785.6
4573
35615
486.2
5806
683.8
36020
1 321.1
6760
7032
1,237.5
5032
629.8
36608
1 473.4
6477
6483
1 029.7
4705
658.9
44170
1 ,202 5
621 1
6760
1,141.1
6378
669.1
43524
1 3834
6106
7649
1 209.6
5866
670.8
35661
1 0932
8096
7328
1 2963
6131
704.2
36661
1 288.2
5359
7922
1 298.0
6968
830.8
41638
1 3570
7291
1 061 4
1 ,304.6
4375
7177
682.1
864.2
4181 0 40154
1 210.6 1 0332
4987
4929
7092
8080
1 ,099.9 1 ,072.2
4891
741.1
38400
1 0689
5575
83 865.5
5061 9
28 375 3
3,107.2
85,102.5
61541
33 275 6
4,668.2
7,445.8
6934
27402
407.6
48072
6 840.6
48 584 8
14 398 7
40348
80191
1 1 482 3
62868
8,140.5
481465
15518.4
65722
88078
13,191.1
5709
4708
621 5
644.4
757.4
745.0
3661 7 42170 43481
1 2564 1 265.1 1 4031
6289
5662
6097
6923
6484
7054
1 120.3 997.8 1,1448
551 5
1 7324
85347
136787
375 454 2
8329
20863
84162
190835
400 839 1
1052
674
979
647
1421
1700
1488
1585
7670
861 4
6754
8069
1 7401 1 7770 1 7801 1 861 3
32 700 4 359728 346546 33 333 0
358
708
822
693
1065
670
1006
975
896
2253
1352
1341
2532
2103
1801
1418
1953
1630
6428
8254
6743
881 0
6073
6070
6463
6247
7987
1 8380 1 7897 1 8434 20977 1 7772 1 971 5 1 6624 1 6569 1 801 2
32 766 9 35 075 3 37 748 7 353529 34 883 7 371558 34 232 6 '33 1985 35 265 5
38,783.4
341 914 0
29 280.0
71186
269849
12,1748
1,190.6
38 983 3
31,670.3
39,285.3
172,521.9
26 656 3
38,462.7
362 379 8
29 555 0
67503
25 462 0
12,0332
1,147.1
42 966 7
35,566 0
43,162.2
187,359.9
281751
2,803.0 3,330.1 3,954.7 3,839.7
299726 32 258 7 31 243 2 297297
2 435.5 26934 28643 26420
451 7
561 6
4945
601 6
1 711 9 1 9782 22308 23289
979.4 1,0075 1 0544
8928
87.4
103.4
110.6
117.7
33203 37541 34088 3291 9
2,975.0 3,1826 2,905.0 2,682 1
3,657.3 4,009.0 3,761.1 3,627.3
15,877.2 16,845.9 16,916.5 15,833.5
25300 27872 25556 21237
3,592.0 3,786.4
29 305 8 31 2142
24421 2 959 7
4543
5093
22179 22605
8641
1,0008
118.9
122.7
35941 34669
2 946.5 28951
3,709.4 3,822.1
14,823.6 16,713.6
1 9970 25435
495,310.5
487,129.0
108,901.1
91 867 5
4 578.5
131240
28,108.7
127233
4971 9
20 288 2
22752
1,0654
102,596.5
86 480.9
4,138.7
133721
26,229.3
1 1 787 4
48270
18,5196
1 809.8
812.9
41,477.8
41 757 3
7,921.7
6,520.9
300.0
1 0185
1,963.1
7559
3782
1,510.0
115.3
38.2
46,466.0
427122
9,659.6
80945
445.8
1 1533
2,460.5
1 0559
5340
1 ,687.0
160.3
78.1
8,282.5
4888
32235
442.9
3,674.9 3,634.3 3 084.1
339650 31 697 0 31 565 7
28731 27777 24052
5796
5067
5645
22528 20361 1 9159
817.0
923.5
9466
113.4
1014
118:2
38073 3751 1 38730
3 157.2 30737 30586
4,354.3 3,930.3 3,973.2
18,301.9 16,816.4 16,350.8
28744 29567 2951 2
111 A
1 242.0
3 154.9 3,189.8 3,021.0 3,310.9
34 120 1 30 571 0 298941 31 954 6
25791 28425 2647.6 27130
5727
6227
5742
5809
1 9684 20043 1 9542 20638
9597 1 0151
867.5
8648
136.2
122.1
122.9
126.1
40069 37003 35125 37147
31295 2 879.1 2,992.1 31552
4,222.5 3,793.2 3,744.2 4,068.4
18,315.0 15,224.0 15,054.3 16,733.8
29633 2 1484 2 261 3 25934
VALUE OF IMPORTS
[Millions of dollars]
General imports, total @
Seasonally adjusted
Western Europe
European Economic Community
Belgium and Luxembourg
France
Federal Republic of Germany
Italy
Netherlands
United Kingdom
Eastern Europe
USSR (former)
Western Hemisphere:
Canada
Brazil
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 class chiefly by material
Miscellaneous manufactured articles
Machinery and transport equipment
Motor vehicles and parts
41,777.9 40,758.3
41 382 4 41 674 5
8,263.7 9,066.6
69309 76204
3397
312.6
1 0039 1 2627
2,217.6 2,395.5
9928 1 0090
3653
4503
1 ,421 6 1 568.7
1315
165.9
67.4
47.5
39,867.2
41 265 9
7,867.6
66660
301.9
1 0767
2,000.4
861 1
3629
1 511.7
197.5
100.2
39,099.4 43,252.1 42 877.9 42,084 6 45,669.4 45,574 9 '44,725.0
40 948 3 42 668 3 43 469 0 42 859 2 448932 45 081 5 '44 744 9
8,163.2 9,189.6 9,290.6 8,682.5 9,574.4 9,888.9 8,757.3
69007 77473 78628 73033 81267 84533 75881
294.5
381.3
335.9
404.5
492.8
3613
375.5
1 0829 1 2490 1 4392 1 0440 1 3170 1 2896 1 0966
2,027.6 2,396.8 2,486.9 2,285.2 2,333.0 2,439.3 2,343.6
1 1682 1 2105 1 1693
8775 1 0842
9573
9136
431 9
441 8
3677
4421
5193
3691
481 0
1 ,538 2 1 5744 1 5763 1 5999 1 7739 17659 1 641 5
156.0
207.9
163.1
129.5
1408
125.2
156.6
74.7
50.2
42.1
94.2
44.6
553
58.0
465386
46 547 1
9,137.8
77203
415.8
1 2760
2,332.6
8523
4655
1 7522
184.7
96.9
91 372 1
79764
30,1723
94464
91 141 1
67268
31 194.3
82284
77188
4948
2 683.5
7393
85928
5183
3,161.2
6706
79721
6497
2,787 4
741 3
70402
5368
24081
6589
71375
6229
24930
571 9
76883
6263
2615.2
5349
86598
6246
2,9391
5995
84571
5820
29333
5545
85024
6826
2951 9
5935
88149
701 3
3161 8
6839
72280
6155
28493
7371
78168
6529
29783
6853
85806
5640
30335
821 9
152238
94880
89 655.1
184933
9,974.3
98394
22,666.8
189758
92864
91,582.7
17 024 5
10,978.2
99763
23,036.3
1 9323
8860
7 844.2
1 4432
939.8
9183
2,149.0
") W1)
1 038.8
8 855.3
1 571 1
885.0
937.6
2,211.9
1 961 8
8757
7,761.3
1 4596
805.1
9052
1,985.5
1 6086
7434
8,063.8
1 4179
815.2
9263
2,006.7
1 9038
8431
7,477.4
1 3683
896.7
8591
2,0157
1 7039
6374
7,383.5
1 181 3
764.1
7083
1,7850
1 4368
5926
8,338.0
1 3139
755.9
9579
1921.1
1 6781
6669
7,776.1
1 3222
7595
8388
1 8895
1 8372
7195
7161.2
1 3358
811 2
8481
20246
21653
8462
7,548.9
1 4290
1071 3
1 0293
21080
2 491 4
9425
8,114.2
1 6456
9556
8931
2 209.8
25987
9031
7,745.9
1 4765
8598
9943
2 205.9
27652
9244
8,277 9
1 424 7
9078
1 0668
21534
59772
1 7006
4441 7
380170
53601
1,733.3
40100
32 960 6
3800
116.4
3806
2 781 .9
4564
152.5
311 1
2901 6
3945
1079
3042
26345
3055
1166
2855
25325
3406
1167
3646
25731
1429
1197
2637
21552
2666
1291
3006
22606
4546
1532
3494
23986
5383
1372
2892
26175
5736
1766
3268
30756
5733
1456
3155
31281
5067
1445
3090
29248
61,356.8
433 902.6
21,932.5
46331
145240
64 561 .5
802.3
22,468.2
599142
81 477 6
208,095.7
69 382 1
21,952.3
48226
13,0790
54,342.7
856.7
24,168.7
574189
83 389 6
210,786.5
67 525 4
1,743.7 1,764.0 1,804.3 1,900.2
3937
4531
5530
421 1
1 ,080.3 1,095.7 1,0578 1,033.2
4,631.5 4,524.1 4,292.8 4,285.0
81.9
72.4
70.1
71.3
1,937.5 2,250.0 1,870.3 2,202.1
46382 5 357.3 47255 4501.4
7,7168 8,962.1 7,551 2 6919.8
17,852.8 20,455.4 18,287.3 18,233.3
57185 6981 7 60794 57683
2 050.2
4093
1 1858
4 220.2
86.8
2,345.7
50351
68251
19,040.1
61285
1,834.3
4656
1 1632
4,467.9
74.4
2,134.9
50604
70265
18,342.6
59737
19300
6147
1 1883
4,980.0
T02.7
2,329.2
51429
8,139.2
19,594.4
58294
1 7972
5526
1 1459
5,170.8
74.5
2,326.3
5 330.3
9171.9
18,508.9
4951 9
-1017182
-65 399.0
-7,086.5 -8,569.5 -4,808.3 -5,762.2 -5.398.4 -2,239.6 -3,467.8 -5,705.2 -5,388.7 -6,614.2 -9,596.2 '-9,838.0 -9,343.9
-64746 -5 870 1 -41134 -5 621 5 -5 798 7 -3,293 8 -5 583 6 -7 063 2 -7 141 3 -67286 -7 276 0 '-89456 -8 308 7
-64.89
365.65
450.55
-59.81
393.15
452.96
1,959.1 1,811.0 2,021.9
3496
3756
3630
1,119.1 1,091.5 1 1790
3,992.2 3,489.9 3,748.3
65.4
87.4
70.6
2,243.3 2,150.9 2,362.7
4731.3 44636 50144
7051.2 6,757.8 7,071.6
16,953.4 17,199.4 19,716.6
5431 0 55234 6331 9
3329
1552
2729
28985
1 706.2 17740
4994
3931
1 234.1 1 1775
4,835.0 5,043.7
116.8
81.3
2,244.3 2,312.8
50636 51687
8,693.7 9 008.2
18,681.0 20,067.7
51441 59265
MERCHANDISE TRADE BALANCE
[Millions of dollars]
Trade balance:
Not seasonally adjusted
Seasonally adjusted
[Billions of 1987 dollars]
Seasonally adjusted:
Trade balance
Exports
Imoorts
See footnotes at end of tables.
-6.20
33.06
39.26
-5.49
34.35
39.84
-3.93
34.79
38.72
-5.45
33.79
39.24
-5.77
33.35
39.12
-3.50
35.30
38.81
-5.90
34.74
40.64
'-7.10
r
34.31
r
41.41
r
-7.07
r
33.72
' 40.78
r
-6.30
r
35.99
'42.29
'-6.69
'35.77
'42.46
'-8.27
'33.91
'42.18
-7.43
36.30
43.73
Oct.
SURVEY OF CURRENT BUSINESS
S-18 • November 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
Annual
1990
1991
Sept.
1991
Oct.
1992
Nov. | Dec.
Jan. |
Feb.
Mar.
Apr. |
May |
June |
July
Aug.
Sept.
Oct.
7. FOREIGN TRADE OF THE UNITED STATES-Continued
Export and Import Price Indexes
[1985=100]
All exports
Agricultural exports .
Nonagricultural exports
'.
1138
1088
1149
114.7
1070
116.1
114.2
1058
115.6
115.0
1095
115.9
115.1
1092
116.1
114.4
1062
1158
113.9
1052
115.3
1147
1085
115.7
1147
1085
1157
1146
1068
1159
1150
1070
1163
r
1153
1076
M166
r
1232
1337
1223
1233
1238
1235
1232
1233
123 1
1226
1233
r
874
762
688
727
743
674
655
667
685
738
129.5
131.6
372,052
150737
495 239
283 392
.-...
All imports
Petroleum imports
Nonpetroleum imports
r
r
1154
1069
1168
r
1249
r
771
133.4
r
130.7
131.4
131.7
132.3
133.1
133.6
133.1
132.3
132.0
M243
"765
132.7
389,562
162346
32171
12658
33234
14178
36,101
13770
35,172
14302
32709
13388
31 791
13944
31 140
14682
32230
14216
30496
13925
31 276
14315
32881
13919
448852
272 286
40052
23269
37975
25775
34168
22866
37444
22987
37632
23117
32743
21 217
36593
22670
38135
23280
39406
22686
41 545
24774
40995
26340
3826
3608
4906
727
r
r
1151
1031
1171
1153
105 1
1170
1148
1030
1168
1255
r
772
134.0
1258
1265
' 203.2
200.9
773
134.3
793
134.7
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight, ihous. metric ions
General imports:
Shipping weight thous metric tons
Value mil $
8. TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Certificated route carriers:
Passenger-miles (revenue) billions
Passenger-load factor percent
Ton-miles (revenue) total millions
Operating revenues (quarterly) mil $ §
Passenger revenues mil $
Cargo revenues mil $
Mail revenues mil $
Operating expenses (quarterly) mil $ §
Net income after taxes (Quarterly) mil $ §
Domestic operations:
Passenger-miles (revenue) billions
Cargo ton-miles millions
Mail ton-miles millions
Operating revenues (quarterly) m/7 $ §
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 $ §
Urban Transit Industry
Passengers carried total millions
Motor Carriers
Carriers of property, large, class I, qtrly.:
Number of reporting caiiers 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 1 and II
intercity truck tonnage (ATA):
Common carriers of general freight, seas, adj.,
1967-100
Class 1 Railroads $
Financial operations, quarterly (AAR), excluding
Amtrak:
Operating revenues total mil $ $
Freight mil $
Passenger excl Amtrak mil $
Operating expenses mil $
Net railway operating income mil $
Ordinary income mil $ t
Traffic:
Revenue ton-miles qtrly (AAR) billions
Producer Price Index, line haul operations, 12/
84=100
44780
3404
625
565
574
625
600
691
726
4798
4343
4211
4922
4667
3855
61 7
4929
4453
584
5550
6,004
2800
2638
2784
3247
3591
434
127
428
130
435
122
440
117
440
122
970
463
39
1071
1206
480
38
502
38
699
681
679
626
56,889
3694
61 2
4702
75984
58430
5432
*970
77898
-3995
75023
57,055
5508
20013
15,638
1 421
217
258
276
76815
-1 986
19689
-135
19243
-877
19292
-593
34023
5075
1 489
33241
4946
1 411
2576
2766
2498
2812
2450
2384
418
104
477
123
444
120
398
166
383
126
391
118
57994
58983
-3411
56165
56691
-1 271
14360
14144
-168
11770
5471
11539
5,259
11 18
1042
513
493
446
39
507
43
17990
18914
• -584
18858
20124
-715
5653
5545
8671
8484
681
944
3808
61 7
4958
4479
624
58342
45793
3378
3748
3258
18830
14550
1 391
18409
14,064
1 497
13996
14220
-537
880
488
49
935
427
60
14313
14249
-48
9.54
390
39
874
407
37
4413
5022
-340
32
766
698
675
1026
496
39
688
657
723
100
100
100
100
100
100
22,091
5,777
5,840
5,553
6,037
442
314
143
58
82
165
172
178
45
47
47
49
174.8
182.1
188.2
28 516
27 616
1
189.4
185.0
196.0
193.9
198.3
202.8
202.6
201.5
27845
26949
7093
6870
7133
6,908
7049
6,831
'94
94
24
24
23
24 736
12676
M 953
28062
6763
6,158
-38
-92
253
148
8,452
-826
-745
595
587
265
162
1 0340
1 0398
2660
267.0
2653
258.8
1093
1092
1
1
1075
1093
1094
109.3
498
39
4518
5043
-545
21 810
189.6
13.15
1095
109.9
1099
'209.9
7,001
6,794
24
6,664
109.9
110.0
M100
r
1098
1100
2685
1099
2
108.9
110.1
Travel
Lodging industry:
Restaurant
sales index same month 1967=100
Hotels1 Average room sale dollars 0
Rooms occupied % of tote/
Motor hotels' Average room sale dollars 0
Rooms occupied % of total
Economy hotels* Average room sale dollars 0
Rooms occupied % of totBl
Foreign travel:
U 5 citizens' Arrivals (quarterly) thousands
Departures (quarterly) thousands
Aliens' Arrivals (quarterly) thousands
Departures (quarterly) thousands
Passports issued thousands
.. .
National narks, recreation visits, thousands ##
See footnotes at end of tables.
1
19 505
19022
16 908
1 15024
3689
3,376
249
56.948
56.750
6.686
1
1
293
4.913
359
2.070
204
1.565
248
1.594
275
1.715
340
347
2.325
3.343
313
5.160
367
308
243
7.675
10.376
10.192
224
207
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
1991
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
8. TRANSPORTATION AND COMMUNICATION-Continued
COMMUNICATION
Telephone carriers:
Operating revenues mil $ #
Station revenues mil $
. ...
Tolls message mil $
Operating expenses (excluding taxes) mil $
Net operating income (after taxes) mil $
Access lines millions
9. CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
[Thousands of short tons, unless otherwise indicated]
Production:
Aluminum sulfate commercial (17% AIA)
Chlorine gas (100% CI2)
Hydrochloric acid (100% HCI)
Phosphorus elemental
Sodium hydroxide (100% NaOH)
Sodium silicate anhydrous
Sodium sulfate (100% Na2S04)
Sodium tripolyphosphate (100% Na5P3Oi0)
Titanium dioxide (composite and pure)
Sulfur, native (Frasch) and recovered:
Production thous metric tons
Stocks (producers') end of period, thous. metric
tons
r
1 227
1 1,809
r
3140
346
12030
786
M97
1 077
M 185
1 1,421
'3301
r
306
r
11 713
r
870
r
794
462
r
1 095
10262
9494
r
816
3129
243
180
(4)
273
771
1 423
1 499
1 470
16,958
7,107
2495
7749
2853
12,175
44281
17,020
12342
43308
4,212
1,735
537
1 807
743
3,119
11 025
18887
738
5700
19418
689
5460
4889
686
346
5,507
147,840
749 525
462,293
5,603
152,183
758 823
472,215
1 387
39,207
192205
119806
Inorganic Fertilizer Materials
[Thousands of short tons, unless otherwise indicated]
Production:
Ammonia, synthetic anhydrous
Ammonium nitrate, original solution
Ammonium sulfate
Nitric acid (100% HN03)
Nitrogen solutions (100% N)
Phosphoric acid (100% PA)
,
Sulfuric acid (100% H2S04) .
Superphosphate and other phosphatic fertilizers
(gross weight):
Production
Stocks, end of period
Potash sales (K20)
Imports:
Ammonium nitrate thous metric tons
Ammonium sulfate, thous. metric tons
Potassium chloride, thous. metric tons
Sodium nitrate (nous metric tons
7310
2230
7524
3137
287
2,849
724
70
3044
214
170
(4)
291
319
2,268
728
72
r
760
1 415
754
1 302
791
1 499
276
2,733
646
70
2953
213
186
H
334
(2)
2,709
664
77
2937
223
168
(4)
291
818
1 184
748
1 209
797
1 130
r
758
1 061
r
801
1 036
r
798
r
803
764
1 017
r
915
845
r
31 9
272
4,607
1 950
611
2038
927
4,606
1 936
569
4,176
1,770
543
1 801
758
2019
859
3145
3171
3142
10916
11 140
10965
4915
388
701
454
304
680
406
5009
695
526
779
848
5092
635
261
Industrial Gases
[Millions of cubic feet}
Production:
Acetylene
Hydrogen (high and low purity)
Nitrogen (high and low purity)
Oxygen (high and low purity)
Organic Chemicals §
[Thousands of metric tons, unless otherwise indicated]
Production:
Acetylsalicylic acid (aspirin)
Ethyl acetate
Formaldehyde (37% HCHO)
Glycerin refined all grades, mil Ib 0
Methanol synthetic
Phthalic anhydride
M28
1
124.3
2,908.5
2865
1
3 622 2
M267
M94
1
126.1
2,913.7
1 410
38,958
182611
120710
3
(3)
1
29.9
3 925 3
1
396.3
779.5
692
9956
1 1073
368
1 1988
374
1000
36.3
5949
6457
297.9
6649
7027
354.6
8.8
1
1
2981
1 333
38,612
196371
121,384
1,278
39,215
198360
121 740
(3)
57
32.7
741.6
77 6
9826
999
1
33.7
275
290
1033
788.4
289
9994
102.3
33.2
269
230
7908
282
9682
953
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 oeriod. mil. wine oal.
See footnotes at end of tables.
17.2
583
60.1
32.8
9.6
101 9
111 4
111 7
326
36.2
37.4
39.1
596
481
556
623
661
56.9
31.5
61.2
33.0
9.1
8.8
61.8
33.6
12.3
1069
20.3
10.3
S-19
1992
1991
Annual
1990
November 1992 •
1055
27.8
1156
1095
392
373
477
61 7
542
39.8
12.3
15.1
61.3
31.5
19.2
50.6
27.3
19.9
1126
24.0
337
308
13.7
19.9
1096
1134
373
409
31 8
649
97.1
19.1
15.2
55.4
25.4
24.3
Sept.
Oct.
SURVEY OF CURRENT BUSINESS
S-20 • November 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
shown in BUSINESS STATISTICS, 1953-91
1991
Annual
1990
|
1991
Sept. |
Oct. |
1992
Nov. |
Dec.
Feb. |
Jan.
Mar. |
Apr.
May
June |
July
Aug.
9. CHEMICALS AND ALLIED PRODUCTS-Continued
PLASTICS AND RESIN MATERIALS
[Thousands of metric tons]
Production:
Phenolic resins
Polyethylene and copolymers
Polypropylene
Polystyrene and copolymers
Polyvinyl chloride and copolymers
2
943.8
8,550.5
3,524.7
2
4,6241
1
4,1 12.9
1
1
1
1
7,514.0
3,397.2
1,825.3
885.1
1,918.0
859.2
i, 842.9
8143
1,787.2
901 8
3,977.4
1,039.2
1,027.6
1,628.2
1381 7
11,707.3
48819
3,976.7
2,8488
3,218.2
14020
1,025.0
791 2
2 670.6
981 4
1,027.0
6622
2831 5
1 1187
1 059.4
6534
34270
14834
1 131.5
8121
1
PAINTS, VARNISH, AND LACQUER
[Millions of dollars]
Total shipments
Architectural coatings
Product coatings (OEM)
Special purpose coatings
. .
11,727.7
49136
4,032.6
2,781.5
10. ELECTRIC POWER AND GAS
ELECTRIC POWER
[Millions of kilowatt-hours, unless otherwise
indicated]
Production:
Electric utilities total
By fuels
By waterpower
2808151
2,528,225
279 926
2 823 025
2547508
275516
233710
215 283
18428
Sales to ultimate customers, total (Edison Electric
Institute)
.
Commercial §
Industrial §
Railways and railroads
Residential or domestic
Street and highway lighting
Other public authorities
Interdepartmental ....
2 667 321
734,584
926 161
5297
910,296
14895
72399
3689
2710674
749,686
921552
5420
938,517
15,204
76713
3582
745612
209,303
241 455
1 312
268,941
3465
20185
652498
180,292
229825
1 348
217,039
4049
18966
666 891
178,371
223865
1,410
239,100
3984
19373
644 856
183,074
235 065
1258
202,547
3607
18702
950
980
787
603
Revenue from sales to ultimate customers (Edison
Electric Institute) mil $
175,503
183,361
53094
43,078
44,131
43,675
54,539
50,058
4269
55,442
50883
4340
54,916
50440
4257
54,442
50883
4340
165
48
171
49
169
50
171
49
1434
2929
1,447
223,258
205,720
17538
221 ,203
202 904
18299
233585
211710
21 873
243877
9V? 34?
21 535
217756
199798
17958
224 655
203,101
21 553
210538
191,098
19439
GAS
Total utility gas, quarterly (American Gas
Association):
Customers, end of period, total, ffiousands@ ....
Residential
Commercial
Industrial @
Other
Sales to customers total tril Btu
Residential
Commercial
Industrial
Electric generation . . .
Other
Revenue from sales to customers total mil $ .
Residential
Commercial
Industrial
Electric generation
Other
9846
4471
2193
1890
1,120
9937
4639
2241
1 754
1 122
171
181
45,174
25014
10610
6034
2963
45,316
26060
10802
5372
2537
553
545
389
251
375
388
31
674
481
274
53
13,368
7871
3158
1525
5,863
2719
1218
1 025
649
165
831
70
11. FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production mil bbl
Taxable withdrawals mil bbl
Stocks end of period mil bbl
Distilled spirits (total):
Production mil tax gal
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. lax gal
Imports, mil. proof liters
Wines and distilling materials:
Effervescent wines:
Production mil wine gal
Taxable withdrawals mil wine gal
Stocks end of period mil wine gal
Imports, mil liters
Still wines:
Production mil wine gal
Taxable withdrawals mil wine gal
Stocks end of period m/7 vw'ne gal
Imports mil liters
Distilling materials produced at wineries, mil.
wineaal.
See footnotes at end of tables.
203.65
18451
1268
20219
18099
1264
16.11
1451
1403
16.65
1513
1375
14.47
1342
1323
13.64
1284
1264
15.65
1378
1329
16.10
1360
1600
18.06
1565
1479
18.00
1553
1529
18.89
1646
1545
18.95
1747
1538
18.34
1683
1499
11834
10875
793
1443
852
909
1023
909
958
11 01
718
707
37441
422.49
34630
40210
2680
42230
30.70
437.39
3316
437.52
39.63
402.10
23.39
437.80
2434
43543
2723
438.93
28.62
442.31
391.96
44187
166.45
7991
371.60
71 12
341.87
495
666
377.95
6.94
380.72
6.18
380.75
4.70
331.59
448
341.87
7.09
377.29
660
375.75
5.06
375.33
731
367.58
377.14
2.10
109.07
2635
2550
1760
2276
23.80
1609
259
391
252
4.43
1804
3.38
1630
1 02
2.47
1609
191
2.88
2046
1.08
1679
1.82
1.55
2290
1 04
1.53
1777
1.36
1776
42715
41725
57636
39439
37641
58009
12830
3022
51866
13790
3237
52791
6071
3337
55464
3329
3246
58009
695
469
333
274
502
641
464
3322
57349
3062
57227
3517
51682
3475
511 96
3235
50361
3083
40075
2935
391 38
108.07
110.73
32.35
33.07
10.69
4.41
7.02
10.68
4.08
2.32
3.36
3.42
9.17
223
151
.93
1782
1.17
1767
121
2.38
1.41
1769
17.55
1604
1450
Sept. |
Oct.
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
Annual
1990
November 1992 •
1991
Sept.
Oct.
S-21
1992
1991
Nov.
|
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
11. FOOD AND KINDRED PRODUCTS; TOBACCO-Continued
DAIRY PRODUCTS
Butter:
Production (factory) mil Ib .
Stocks, cold storage, end of period, mil. Ib.
Producer Price Index 1982=100
Cheese:
Production (factory) total mil Ib
American, whole milk, mil. Ib
Stocks, cold storage, end of period, mil. Ib
American whole milk mil Ib.
Imports thous metric tons
Price, wholesale, Cheddar, single daisies (Chicago),
$ nor Ib
Condensed and evaporated milk:
Production case goods mil Ib
Stocks, manufacturers', case goods, end of period,
mil Ib
Exports thous metric tons
Fluid milk:
Production on farms, mil. Ib. t
Utilization in manufactured dairy products, mil. Ib. ..
Price, wholesale, U.S. average, $ per 100 Ib
Dry milk:
Production:
Dry whole milk mil Ib
Nonfat dry milk (human food) mil Ib
Stocks, manufacturers', end of period:
Dry whole milk mil Ib
Nonfat dry milk (human food) mil Ib . .
Exports, whole and nonfat (human food), thous.
metric tons
Price, manufacturers' average selling, nonfat dry
milk (human food) $ per Ib
1,302.2
•416.1
1,336.3
539.4
71.3
69.5
102.3
567.1
100.8
543.0
129.4
539.4
156.0
568.6
132.0
630.3
129.9
655.7
119.7
701.7
118.3
734.1
84.8
90.0
780.6
"732.3
630.7
560.0
70.4
74.0
74.4
70.3
68.1
60.6
60.7
60.7
60.4
103.2
766.2
"55.9
96.8
597.2
58.7
58.7
485.0
211.0
477.9
374.0
521.0
226.4
429.3
337.8
502.3
218.3
409.0
319.1
533.7
247.7
415.3
317.8
514.1
245.5
438.8
338.7
497.1
231.3
445.9
348.0
542.7
246.4
449.0
335.5
534.7
244.9
450.0
334.7
550.9
261.8
459.1
343.5
548.0
259.7
465.2
343.4
546.0
259.3
497.1
369.9
520.0
222.9
470.9
349.8
449"l
326.8
81.9
55.7
56.0
535.9
242.4
"488.0
"364.2
6,061.2
2,890.8
457.8
347.2
6,090.8
2,804.9
415.3
317.8
602.6
543.1
42.0
46.8
39.1
43.9
46.3
45.5
52.4
54.0
54.7
52.4
50.7
44.3
42.2
58.1
34.7
95.9
66.3
44.2
34.7
50.6
58.7
61.0
60.7
73.8
82.6
82.9
86.8
77.8
9,927
6,786
12.80
10,212
7,245
13.50
9,926
6,725
13.90
10,418
7,602
13.80
125,772
89,998
13.74
125,683
90,451
12.26
175.1
879.2
106.8
877.5
8.5
9.8
43.3
5.6
11.0
48.7
6.0
9.1
53.3
6.4
9.0
86.0
8.5
10,684
8,162
13.50
10.3
80.2
7.0
10,230
7,620
12.90
9.2
78.1
6.8
11,092
8,244
12.50
10.7
82.8
7.2
10,866
8,045
12.50
48.7
39.6
36.9
61.0
60.8
64.5
62.4
8.6
662
.948
.893
.893
.966
.991
.993
.921
.932
.924
1.011
10,939
8,080
13.40
"10,756
10,300
10,550
13.50
"13.50
P 13.50
13.7
76.0
15.5
59.2
10.6
52.8
10.9
98.4
12.4
76.3
112.5
7.9
113.6
95.6
1.071
1.092
1.132
1.146
13.1
89.2
61.0
10,868
8,235
13.20
14.5
81.3
11.8
82.2
114.6
11.2
11,258
8,376
12.90
9.2
6.7
1.039
GRAIN AND GRAIN PRODUCTS
Exports (barley corn oats rye wheat) mil bu
Barley:
Production (crop estimate), mil. metric tons
...
Stocks (domestic), end of period, total, mil. metric
2
9.192
2
10.113
6
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
Com:
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 ...
Oats:
Production (crop estimate), mil. metric tons
Stocks (domestic), end of period, toted, mil. metric
tons
On farms mil metric tons
Off farms, mil. metric tons
Exports including oatmeal metric tons
Producer Price Index, No. 2, Minneapolis,
1982-100 .
Rice:
Production (crop estimate), mil. metric tons
Southern States mills:
Receipts rough from producers, mil Ib.
Shipments from mills, milled rice, mil. Ib
Stocks, domestic, rough and cleaned (cleaned
basis), end of period, mil. Ib
Exports thous metric tons
Producer Price Index, medium grain, milled,
1982=100
Rye:
Production (crop estimate), mil. metric tons
Producer Price Index, No. 2, Minneapolis,
1982-100
Wheat:
Production (crop estimate), total, mil. metric tons ...
Sprino wheat mil metric tons
Winter wheat mil metric tons
Distribution quarterly mil metric tons @
Stocks (domestic), end of period, total, mil. metric
tons
On farms mil metric tons
Off farms mil metric tons
Exports total including flour mil metric tons
Wheat only. mil. bu.
See footnotes at end of tables.
6
6.656
6
3.841
6
2.81 6
6
6
117.0
2
108.3
201 .53
2
176.29
6
123.80
6
52.49
6
6
7.1 50
4.274
2.876
97.0
2
5
5
7.080
112.3
113.9
115.2
115.1
1817
117.4
116.9
114.8
115.1
166.15
10909
5707
97.4
97.1
97.5
3
115.85
66.30
49.55
95.5
100.8
102.2
3
3
108.9
102.9
104.6
96.4
88.3
89.0
83.8
5
2.485
1.341
1.144
5
70.4
88.2
83.5
79.1
90.3
83.1
1.854
.885
'.968
5
5
71.1
74.5
76.3
78.5
79.2
93.6
91.1
550
542
500
464
672
471
562
569
440
554
514
513
490
475
552
534
82.1
88.8
2
7.006
2,871
518
1,457
605
779
554
2,106
1,904
2,027
2,277
2,089
1,904
1,788
1,177
1,538
1,249
1,112
970
766
102.4
110.2
109.5
109.6
111.3
109.4
111.9
112.1
112.4
111.1
104.1
"100.7
101.3
2
2
101.1
104.9
104,9
.248
.258
66.5
73.3
2
2
2
2
2
6
6
51 .93
6
20.77
6
31.16
111.6
107.0
10,150
6,614
74.47
19.20
55.27
62.14
110.9
27.95
15.38
12.57
69.56
38.55
31 .02
10,351
6,942
2
107.9
3.520
76.1
2
117.0
9.042
5.639
3.403
2.800
.983
4
4
189.86
2
2.278
5
1.203
5
1.075
113.4
166.15
6
109.09
6
57.07
100.9
5.189
101.9
4
4700
2.221
2480
7150
4.274
2.876
53.91
16.56
37.34
67.43
39.29
6
15.37
6
23.91
83.5
87.9
747
85.0,
16.45
15.48
39.29
15.37
23.91
2415
7.50
16.65
12.89
4
12.84
4
4
3.94
8.90
56.88
26.31
30.56
82.1
SURVEY OF CURRENT BUSINESS
S-22 • November 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
Annual
1992
1991
1991
1990
Sept. |
Oct. |
Nov. |
Dec.
Jan.
Mar.
Feb.
Apr. | May
June |
July
Sept. |
Aug.
Oct.
11. FOOD AND KINDRED PRODUCTS; TOBACCO-Continued
GRAIN AND GRAIN PRODUCTS-Continued
Wheat—Continued
Producer Price Indexes:
Hard red winter, No. 1, ord. protein (K.C.),
1982-100
Hard red spring, No. 1, ord. protein (Minn.),
1982=100
Wheat flour:
Production:
Flour, thous. sacks (100 Ib.)
Millfeed thous sh tons
Grindings of wheat tfjoi/s bu
Stocks held by mills, end of period, thous. sacks
(100 Ib.)
Exports thous metric tons
Producer Price Index, 6/83=100
86.3
78.1
80.5
89.0
90.5
98.2
105.5
113.4
106.6
101.0
97.8
104.0
88.9
81.2
88.4
91.6
91.1
82.1
84.1
92.7
93.2
101.8
107.4
117.5
112.3
107.9
111.7
118.1
100.3
94.9
103.9
104.13
29,445
526
65,965
29,498
534
66,157
29,542
529
65,701
29,438
527
66,313
29,152
521
65,806
"29,112
521
' 65,859
100.9
104.8
32,735
594
73,445
30,145
551
68,695
33,471
601
75,870
354,348
6,109
788,186
362,311
6,436
808,966
30,089
537
67,703
6,267
5,660
6,336
100.2
94.5
96.3
100.1
97.5
102.7
109.7
116.4
111.5
110.3
109.2
"111.0
104.6
2,045
2,363
1,958
1,982
2,225
1,950
2,172
2,169
2,166
2,312
2,328
' 2,223
2,284
1,003
667
990
653
644
305
579
264
650
325
681
354
700
393
754
430
808
487
920
580
1,015
662
r
'673
1,096
734
1,067
710
32,246
582
72,219
29,238
527
65,656
6,083
5,522
5,660
98.9
POULTRY AND EGGS
Poultry:
Slaughter mil Ib
Stocks, cold storage (frozen), end of period, total,
mil. Ib
Turkeys mil Ib
Price, in Georgia producing area, live broilers, $
per Ib
Eggs:
Production on farms mil cases §
Stocks, cold storage, end of period:
Shell thous cases §
Frozen mil Ib
Price, wholesale, large (delivered; Chicago), $ per
doz
r
23,740
24,966
562
306
579
264
.310
.295
.310
.300
.280
.275
.280
.280
.285
.285
.305
.305
.330
.340
.305
.315
188.6
191.6
15.7
16.4
16.1
16.7
16.4
15.4
16.8
16.2
16.4
15.8
16.4
16.4
16.0
16.7
15
15
21
16
13
16
16
17
12
15
21
16
20
20
25
19
28
20
27
19
34
19
30
21
29
19
1,021
'23
20
22
20
17
20
.760
.714
.688
.679
.687
.739
.591
.557
.557
.574
.520
.560
.530
.579
1,742
32,391
1,398
31,887
115
2,635
127
2,855
125
2,508
131
2,491
128
2,856
111
2,377
120
2,599
108
2,525
103
2,688
105
2,863
106
2,802
107
2,721
107
2,748
111
2,793
69.18
89.74
70.93
88.60
7,177
8,292
7,744
7,708
8,144
7,153
7,934
7,610
6,897
7,166
7,461
7,494
8,217
8,598
46.76
43.51
38.29
19.9
18.9
16.6
16.6
15.2
16.1
15.6
16.4
18.1
18.8
19.1
18.8
'19.5
21.4
449
471
469
422
481
503
374
419
427
400
470
452
3,558
613
3,655
636
2,018
281
2,038
295
30
9
29
8
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves, fhous. animals
Cattle thous animals
Prices, wholesale:
Beef steers $ per 100 Ib
Steers, stocker and feeder, $ per 100 Ib.
Calves vealers (So St Paul) dollars
Hogs:
Slaughter (federally inspected), thous. animals
Prices:
Wholesale, average, all weights (Sioux City), $
per 100 Ib
Hog-corn price ratio (bu. of corn equal in value
to 1 00 Ib live hog)
Sheep and lambs:
Slaughter (federally inspected), fhous. animals
Price, wholesale, lambs, avg. (San Angelo, TX),
$per100lb *
78.89
92.15
82,901
85,952
54.72
22.5
21.4
5,469
5,504
54.04
456
501
53.25
51.20
MEATS
Total meats (excluding lard):
Production mil Ib
Stocks, cold storage, end of period, mil. Ib
Exports (meats and meat preparations), thous.
metric tons
Imports (meats and meat preparations), thous.
metric tons
Beef and veal:
Production total mil Ib
Stocks, cold storage, end of period, mil. Ib
Exports thous metric tons
Imports thous metric tons
Price, wholesale, beef, fresh steer carcasses,
choice (600-700 Ibs )(Central US) $ per Ib
Lamb and mutton:
Production total mil Ib
Stocks, cold storage, end of period, mil. Ib.
Pork (excluding lard):
Production total mil Ib
Stocks, cold storage, end of period, m/7. 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.*
38,606
566
39,584
662
3,308
593
3,708
633
3,324
650
3,284
662
3,622
708
3,088
691
3,376
725
3,259
707
3,235
692
3,422
669
3,441
646
3,406
22,950
306
23,223
292
1,964
282
2,142
303
1,839
313
1,809
292
2,067
336
1,732
306
1,876
320
1,811
309
1,924
310
2,063
306
2,039
300
2,004
357
8
362
6
'28
5
32
6
29
31
6
31
28
32
8
33
c
25
10
27
11
27
12
25
15,299
234
16,000
311
1,316
281
1,534
300
1,456
308
1,444
311
1,524
341
1,329
353
1,467
372
1,414
363
1,287
345
1,332
323
1,374
307
1,378
"267
1,510
297
1,588
307
118.6
114.6
113.8
117.1
115.8
114.7
105.2
104.2
105.9
105.6
104.3
"105.4
108.4
108.1
108.8
112.8
1.0585
1.0087
1.1752
"596
'295
rl
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans, imports (including shells),
thous metric tons
Coffee:
Imports total metric tons
From Brazil metric tons
U S Import Price Index 1985-100
Fish:
Stocks, cold storane end of oeriod. mil. Ib.
See footnotes at end of tables.
59.3
343
54.6
380
524
53.2
387
385
394
380
372
344
326
392
41.7
47.1
321
313
305
332
375
384
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1968-91
Annual
1990
November 1992 •
1992
1991
1991
Sept.
Oct.
S-23
Nov.
Dec.
Jan.
Feb. |
Mar.
Apr.
May
1124
120.2
111 4
119.9
June
July
Aug. |
Sept. |
Oct.
r
110.4
120.4
111.7
120.9
112.8
119.8
113.6
119.9
163.2
164.2
165.3
11. FOOD AND KINDRED PRODUCTS; TOBACCO-Continued
MISCELLANEOUS FOOD PROOUCTS-Continued
Sugar:
Exports raw and refined metric tons
Imports raw and refined thous metric tons
Producer Price Indexes:
Raw (cane), 1982=100
Refined, 1982=100
122.7
1137
121.6
M 626
M 660
3674
3744
3428
178,742
523094
2,233
193778
516338
2,133
20,974
43430
193
1192
1141
121.2
1142
120.8
1144
120.6
1135
120.4
1126
120.0
1124
120.1
1126
120.2
110.6
120.0
r
Tea imports metric tons
TOBACCO
Leaf:
Production (crop estimate) mil. Ib
Stocks, dealers' and manufacturers', end of period,
mil. Ib
3744
3560
3276
Exports incl scrap and stems metric tons
Imports incl scrap and stems metric tons
Manufactured products:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt, millions
Taxable millions
Cigars (large), taxable, millions
Exports cigarettes, millions .
18,535
40464
193
15,542
57 123
191
15,781
32744
157
8,173
35718
139
13777
39584
'156
11 040
48518
181
161 8
1634
12572
43622
162
13896
39012
165
17,461
51 667
217
15071
38331
166
12. LEATHER AND PRODUCTS
LEATHER
Exports:
Upper and lining leather thous sq ft
Producer Price Index, leather, 1982=100
177.6
161.5
162.4
162.8
161.3
1684
1634
168633
41 859
40903
41 809
29,126
3620
28,537
8803
3,563
29,569
8585
3655
525
519
494
162 8
1639
r
164.2
164.0
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
201 648
41 184
33436
9113
3405
2482
1358
1209
1134
141.0
141.7
140.8
141.4
142.2
144.6
145.0
143.8
143.8
143.7
143.7
144.0
145.0
143.9
1240
1152
1247
1168
1247
1169
1245
1245
1251
1264
1197
1264
1204
1267
1269
1265
117.1
1261
1199
1264
116.9
1262
1199
1266
116.9
121.5
121.5
121.5
123.1
120.0
4 121
952
3862
3632
3911
931
2,701
960
2,951
996
959
3169
962
2900
'2,886
2,787
4078
3682
3565
3936
-3884
3878
Exports, thous. pairs
Producer Price Indexes:
Men's leather upper, dress and casual,
1982-100
Women's leather upper 1982=100
Women's plastic upper 1982-100
145.0
13. LUMBER AND PRODUCTS
LUMBER-ALL TYPES *
[Millions of board feet, unless otherwise indicated]
National Forest Products Association:
Production total
Hardwoods
Softwoods
58834
3682
3933
3473
3254
3836
3628
9 480
45, 159
10213
33,763
825
2,857
937
2,996
828
2,645
816
2,438
862
2,974
831
2,797
46 083
2
10,1 02
2
35 981
43,860
9,844
34016
3676
4012
3477
3,370
3693
813
966
808
843
3,912
894
904
869
899
921
910
2863
3046
2669
2527
3018
2833
3127
2778
2696
3037
'•2963
2968
4,734
4,616
4,786
4,741
4,710
4,616
4,603
4,567
4608
4,730
4,731
4,678
4,606
4,418
8,749
8009
665
468
675
646
781
612
451
621
629
773
683
504
580
630
723
734
586
654
652
725
532
481
641
637
729
750
528
748
703
774
626
542
643
612
805
617
465
644
694
669
739
532
659
676
745
599
492
642
639
748
646
461
630
677
701
675
496
654
640
715
137.3
138.0
143.3
148.7
164.1
169.8
167.8
-161.8
171.5
176.6
2
Shipments, total
Hardwoods
Softwoods
Stocks (gross) mill end of period total
Hardwoods
Softwoods
r
54638
2
2
860
951
3882
3746
Exports total sawmill products
Imports, total sawmill products, thous cubic meters ..
SOFTWOODS
[Millions of board feet, unless otherwise indicated]
Douglas fir:
Orders new
Orders unfilled end of period
Production
Shipments
.
. . . .
Stocks (gross), mill, end of period
Exports total sawmill products thous cubic meters
Sawed timber thous cubic meters
Boards, planks, scantlings, etc., thous. cubic
meters
Producer Price Index/Douglas fir, dressed,
1982=100
See footnotes at end of tables.
8798
7908
7957
772
723
655
449
644
653
752
138.0
139.6
139.2
452
8751
504
171.1
166.8
170.8
SURVEY OF CURRENT BUSINESS
S-24 • November 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
Annual
1990
1991
Sept.
1991
Oct.
1992
Nov. |
Dec.
Feb. |
Jan.
Mar. |
Apr.
May |
June |
July
Aug.
Sept. |
Oct.
13. LUMBER AND PRODUCTS-Continued
SOFTWOODS-Continued
[Millions of board feet, unless otherwise indicated]
Southern pine:
Orders new
Orders, unfilled, end of period
Production
Shipments
Stocks (gross), mill and concentration yards, end of
period
Exports, total sawmill products, cubic meters
Producer Price Index, southern pine, dressed,
1982-100
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 12827
697
1
12911
1
12,763
12287
12367
12,415
1 070
678
1 039
1 060
1 169
648
1 169
1 204
1 003
671
992
972
740
571
903
849
2,197
2134
2102
2071
2,084
111.0
111 0
1101
1093
10582
483
10,452
10605
1 211
9535
493
9,510
9525
1 196
853
543
854
839
1 296
126.3
130.0
83
2053
100
158
199.9
77
'571
r
1 072
709
1 083
1 126
1 201
719
1 177
1 189
1 086
674
1 180
1 134
1 035
684
1 067
1 024
1 264
741
1 170
1 205
2134
2125
2081
2069
2114
2158
2125
2,043
1,959
111.0
1137
117.7
1285
1339
1357
1342
1264
123.3
127.3
136.6
868
552
818
859
1 255
732
536
743
748
1 250
699
493
688
742
1,196
841
577
736
757
1 175
695
523
756
749
1,182
878
524
880
877
1 185
669
470
755
723
1 217
746
441
790
774
1 274
891
471
832
863
1 200
690
442
743
719
1,224
888
520
765
810
1,179
737
482
746
775
1 150
129.4
128.4
130.1
135.2
142.5
157.0
167.3
170.7
167.9
159.6
154.5
148.5
152.1
150.2
131
131
186
84
150
158
163
182
158
167
16.3
77
147
165
82
141
19.1
177
184
71
147
16.1
182
194
68
137
16.6
18.5
17.3
20.1
21.1
19.5
73
70
75
63
r
r
r
1 376
800
1 228
1 249
859
1 115
1 193
1 425
758
1 250
1 288
M315
130.2
HARDWOOD FLOORING
[Millions of board feet]
Oak:
Orders unfilled end of period .
Shipments
Stocks (gross) mill end of period
18.0
89
80
77
76
14. METALS AND MANUFACTURES
IRON AND STEEL
[Thousands of short tons]
Exports:
Steel mill products
Scrao
Pig iron
Imports:
Steel mill products
Scrap
Pig iron
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
4303
12765
16
6346
10301
17
606
585
2
486
668
1
427
973
4
447
676
3
427
779
3
362
917
4
357
744
4
389
707
2
369
969
2
376
775
2
297
937
1
336
645
2
332
987
3
17162
1 424
383
15741
1 183
479
1 152
105
25
1 230
123
52
1 312
98
43
1 325
108
33
1 576
83
4
1 132
84
69
1 288
125
75
1 584
112
18
1 425
165
21
1 394
90
61
1 390
90
37
1 438
144
56
1 383
124
25
23083
39,624
63705
3989
21 300
35773
57828
4250
3170
1 777
3,333
4996
5109
1 846
3,526
5249
4285
1 845
3,333
5226
4243
1 907
3,409
5392
1 704
3,415
5432
3877
1 736
3,132
4880
4250
1 901
2,530
5520
3831
1 761
3,045
4855
3,937
4210
4190
4170
5371
4188
1 761
3,21 5
5,059
r
4,187
1,766
3,267
5,203
4,080
10546
91 79
9022
89 12
8480
8432
8432
8514
8661
8724
8590
8372
8366
8395
8432
56408
57010
18054
55516
54967
13335
4844
5963
1 367
4582
4290
4673
1 494
4840
5835
1 445
4735
2480
752
4376
1 745
367
4412
4845
5133
4624
4771
2532
386
5431
6056
1 564
5941
6,049
1 282
4630
6,186
1 175
4993
4,859
759
73797
73681
65133
63658
4045
25445
4,853
17,611
7075
5579
723
25148
r
7,461
15768
2284
6232
2897
5776
231
24527
7,131
14,843
2553
2156
5669
1,020
25117
6,256
16711
5720
75
23162
9,864
1 1 ,309
1 989
2836
5970
3
20922
11,745
5604
5809
475
20550
11,159
6997
5823
540
21 501
10,236
8175
7991
7273
5669
628
23,046
7,763
12,769
1 002
1 400
9161
2104
7565
5588
708
22492
9,027
11 157
2308
6765
5672
525
21 721
6,438
13,925
2834
4,175
3,960
157
4,251
3,989
166
4,390
4,228
227
4,175
4,157
219
4,524
4,379
184
4,400
4,290
211
4,444
4,307
222
4,232
4,162
211
4,347
'4,255
1 724
1 825
3,493
r
r
r
Ore
[Thousands of metric tons]
Iron ore (operations in all U.S. districts):
Mine production
Shipments from mines
Imports
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
Consumption at iron and steel plants
Exports (domestic)
Stocks total end of period
At mines
At furnace yards
At U S docks
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.
3199
21 569
4795
15910
2273
2981
54,925
50,019
130
48,503
44,638
214
8259
6270
7174
5391
290
169
261
140
5421
1 168
6612
2150
6065
5739
278
25358
5,873
17,030
2455
4,300
3,712
202
5641
158
25445
4,853
17,611
2981
4,338
3,830
214
1 453
2514
r
216
4,299
4,248
224
22735
5,976
4,065
67
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, isea-si
1991
Sept. |
Oct.
•
July | Aug.
Sept.
S-25
1992
1991
Annual
1990
November 1992
Nov.
Dec.
Jan. | Feb.
Mar. |
Apr. |
May |
June
Oct.
14. 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
Steel Mill Products
[Thousands of short tons]
Steel products, net shipments:
Total (all grades)
By product:
Semifinished products
Structural shapes (heavy) steel piling
Plates
Rails and accessories
Bars and tool steel total
Bars: Hot rolled (including light shapes)
Bars' Reinforcing
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
Contractors' products
Automotive
Rail transportation
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
7457
785
7711
780
780
7347
744
7754
805
7,432
824
8043
835
7875
853
7968
835
7584
821
7,545
789
7,526
787
7,249
783
78868
6746
7499
6427
6118
6867
6471
7101
6949
6,751
7,105
6,693
6,786
6,934
6093
7945
519
14727
7,878
5305
1 486
4,652
918
4,032
39,784
13388
13199
6872
5722
6938
486
13214
6,902
4934
1 326
4,488
864
4,040
36,244
12987
11356
550
486
543
17
642
548
599
37
522
498
539
27
498
400
538
59
511
481
622
58
543
479
548
56
587
422
635
59
627
445
628
68
571
470
588
47
563
450
414
36
555
478
637
36
580
472
575
32
1 162
594
450
115
360
69
336
3,222
1 141
1 003
1 215
626
457
128
337
80
345
3,696
1 253
1 175
1 063
551
400
108
302
64
310
3,102
1 090
970
1 030
534
395
97
300
52
371
2,870
1 008
959
1 099
600
361
132
347
75
277
3,398
1 154
1,111
1 027
543
356
123
298
77
267
3,177
1 096
1,033
1 167
619
413
130
375
86
344
3,426
1 133
1 145
1 075
590
355
125
1 062
579
354
124
364
75
351
3,221
1 042
1,035
1 155
637
380
132
382
79
392
3,390
1 079
1,082
1 139
581
437
115
338
78
344
3,087
1 017
1,007
1 106
518
416
113
335
73
354
3,259
1 090
1,029
555
504
578
31
1 144
606
409
123
18250
17,485
7391
6814
2261
98015
840
87310
742
1 133
1,031
1 001
908
84981
6313
2793
10444
901
7461
4,484
1 790
605
4,685
1 684
570
2604
207
355
1,051
8888
328
87
331
3,361
1 128
1 099
4,872
1 897
607
5,165
1 697
613
2656
250
414
941
8859
1,714
1 798
633
2532
190
413
1,038
8747
4,474
38378
9445
837
1 648
4,278
36100
140
81
59
129
7.5
54
131
7.7
54
124
7.2
52
127
7.2
55
129
7.5
54
130
7.5
55
133
7.5
58
134
7.5
59
133
7.5
58
134
7.5
59
130
7.4
56
131
7.3
58
130
7.2
58
67
59
5.3
56
5.6
5.9
59
60
61
58
59
5.8
6.0
5.4
344
204
320
199
343
191
330
199
342
202
330
190
339
190
340
189
931
215
971
250
946
963
878
824
209
26.8
26.0
26.0
30.0
2104
2416
155
379
1,087
9280
340
71
323
3,388
1 140
1,127
2901
250
433
1,100
8965
NONFERROUS METALS AND PRODUCTS
[Thousands of metric tons, unless otherwise specified]
Aluminum:
Production primary (dom and foreign ores)
Recovery from scrap
Imports:
Metal and alloys crude
Plates sheets bars etc
Exports:
Metal and alloys crude
Plates sheets bars etc
Price, U.S. market, 99.7% purity, monthly average,
$ per Ib
Aluminum products:
Shipments:
Ingot and mill prod, (net ship.), m/7. Ib
Mill products total mil Ib
Sheet and plate mil Ib
Castings m i l I b
. . .
Inventories, total (ingot, mill products, and scrap),
end of period m/7 Ib
Copper:
Production:
Mine recoverable copper
Refined from primary materials
Electrolytically refined @
Electrowon
Refined from scrap
Imports, unmanufactured:
Refined, unrefined, scrap (copper cont.)
Refined
Exports:
Refined and scrap
Refined
Consumption refined (reported by mills etc )
Stocks refined end of period
Price, avg. U.S. producer cathode, delivered, $ per
Ib 8
See footnotes at end of tables.
4048
2,393
4121
2,210
336
190
347
195
337
174
343
167
9596
3403
1 0247
2565
866
218
904
21 9
81 0
224
880
185
6798
4377
7928
5087
546
429
680
500
807
345
673
31 0
508
485
438
478
497
521
386
499
336
499
398
524
448
7404
5946
5575
5246
5241
5034
5367
5820
5928
6103
5999
.5842
.5982
.5965
14,761
11 964
15,298
11 667
7501
1,371
1 034
649
1,265
943
607
1,241
874
568
r
1,313
r
7514
1,276
975
624
1 008
688
1,263
r
974
608
1,343
M 097
702
1,303
^ 062
696
1,333
1 035
662
1007
r
r
r
1,245
1 070
686
r
r
1,265
1 075
691
r
1,318
1 069
687
50.0
r
r
2049
1 905
4013
3913
4008
3992
3,923
3,913
3872
3876
3899
3971
4032
4008
3869
3,866
1 5872
1 5766
1 1832
393.5
4408
1 6344
1 5774
1 1362
441.2
131 5
134.3
951
141 3
141 0
992
131 7
1489
1337
1279
1552
1521
136.7
975
124.1
880
145.0
101 9
39.2
41.8
38.8
39.6
39.3
36.2
1036
42.0
139.0
935
153.3
1002
40.0
151 3
134.4
91 2
1491
986
134.5
949
141 5
140.3
1430
1374
43.2
45.5
4178
285
373
321
326
278
341
398
348
367
394
278
441.3
442.0
288.6
32.6
22.9
59.2
36.3
38.7
26.8
32.0
18.0
37.6
22.6
35.2
24.5
45.0
31.9
44.6
25.2
37.6
25.3
46.2
26.1
45.0
24.7
56.2
17.9
41.3
13.4
42.9
15.4
52.1
17.9
M3.2
21.7
48.6
18.4
39.9
10.8
34.2
12.3
30.5
11.7
43.2
12.0
38.4
101
679.7
263.2
2058
132
184
102
202
111
168
120
154
132
184
124
180
117
197
122
192
123
189
116
1.2316
1.0933
1.1111
1.1134
1.1003
1.0297
' 1.0072
1.0503
1.0618
1.0474
1.0493
2617
647.2
211.2
2150
r
145.6
1065
46.8
43.1
31.1
115
9.3
173
131
163
148
1.0910
1.1865
1.1714
r
199
.5815
.5373
SURVEY OF CURRENT BUSINESS
S-26 • November 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
1991
Annual
1990
1991
Sept.
1992
Nov.
Oct.
Dec.
Jan. |
Feb. |
Mar. |
Apr. |
May |
June |
July |
Aug. |
Sept. |
Oct.
14. METALS AND MANUFACTURES-Continued
NONFERROUS METALS AND PRODUCTSContinued
[Thousands of metric tons, unless otherwise specified]
Copper-base mill and foundry products, shipments
(quarterly total):
Brass mill products, mil. Ib
Copper wire mill products (copper content), mil. Ib.
Brass and bronze foundry products, mil. Ib.
Lead:
Production:
Mine recoverable lead
Recovered from scrap (lead content)
.-...
Imports ore (lead content)
Consumption total . . .
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
Refiners' (primary), refined and antimonial (lead
content)
Consumers' (lead content) 0
Scrap (lead-base, purchased), all smelters
(gross weight)
Price, common grade, delivered, $ per Ib. @@
Tin:
Imports (for consumption):
Ore (tin content), metric tons
Metal, unwrought, unalloyed, metric tons
Recovery from scrap, total (tin content), metric tons
As metal metric tons
Consumption, total metric tons
Primary metric tons
Exports (metal) metric tons
Stocks, pig (industrial), end of period, mefric tons ..
Price, Straits quality (delivered), $ per Ib
Zinc:
Mine prod recoverable zinc
Imports:
Ores (zinc content)
Metal (slab blocks)
Consumption (recoverable zinc content):
Ores
.
Scrap all types
Slab zinc:
Production, total t
Consumption fabricators
Exports
Stocks, end of period:
Producers', at smelter (ABMS)
Consumers'
Price high grade $ per Ib
1
474.0
1
922.9
101.3
1
1,275.2
1
465.9
1
883.7
128.9
1,246.3
4
53.9
68.8
9.1
36.1
72.3
38.9
74.6
28.0
70.7
26.1
75.9
36.0
76.1
13.6
34.0
71.5
9.9
34.0
66.5
15.2
31.2
71.0
17.7
98.5
31.5
73.3
15.7
96.0
32.4
72.3
16.3
r
33.8
71.1
r
32.6
76.7
15.6
94.8
102.7
106.9
102.4
92.7
102.5
99.3
73.1
74.5
70.9
68.8
71.5
71.4
67.1
70.0
65.5
67.9
69.7
67.8
21.6
53.6
25.2
60.4
28.9
62.6
26.5
63.3
26.6
6.6
4.1
4.5
9.1
9.8
108.3
103.5
101.0
25.5
86.5
72.0
33.3
30.2
32.0
46.1
50.8
15.8
54.1
'68.6
22.3
65.9
20.1
16.7
13.9
14.9
13.5
12.2
12.2
14.2
16.7
17.3
13.3
13.1
M6.5
17.3
.4602
.3348
.3339
.3462
.3448
.3465
.3449
.3429
.3430
.3438
.3427
.3453
.3633
33,810
17,275
186
44,363
36,900
658
4,829
3.8629
29,102
6,181
203
49,000
36,900
970
3,024
3.6285
1,960
530
15
4,000
3,000
61
6,544
3.6076
3,052
531
15
4,300
3,300
105
6,616
3.5862
2,151
472
16
4,100
3,100
63
6,347
3.5519
2,493
356
0
4,000
2,900
59
3,024
3.5427
2,752
529
17
3,800
2,800
249
3,022
3.6786
2,542
499
18
3,800
2,800
119
3,369
3.7574
2,027
544
17
3,800
2,800
136
2,844
3.7525
1,940
535
18
3,800
2,800
232
2,877
3.8683
1,877
543
17
3,700
2,700
113
2,901
4.0270
3,319
562
17
3,800
2,800
186
2,651
4.3167
2,896
r
470
17
3,800
r
2,800
515.4
r
517.8
46.7
45.4
631.7
549.1
2.4
254.9
2.4
252.8
207.8
991.0
5.8
194.4
902.0
5.5
4.6
61.0
.7459
4.6
49.5
1.5
51.4
.2
39.0
1.0
55.3
.2
33.4
1.0
61.6
.2
38.0
5.3
53.9
.2
41.5
1.0
65.0
.2
48.8
4.5
52.0
.2
47.7
10.6
52.6
.2
40.3
3.9
58.8
.2
40.7
2.3
50.3
.2
40.4
2.0
39.7
.2
21.1
21.1
21,1
21.1
21.1
21.1
21.1
21.1
21.1
21.1
15.8
79.3
17.5
85.9
16.2
84.2
16.6
82.0
17.6
93.8
16.8
77.2
18.0
85.0
17.2
89.9
17.3
76.0
17.7
76.9
.3
3.7
.6
3.7
.4
4.5
.4
4.6
.5
5.8
.4
6.0
.4
6.7
.4
5.3
.6
5.7
.6
4.8
68.3
557
18
3,600
2,800
'121
r
3,111
4.5323
'46.2
3,332
4.4188
43420
48.2
4.7
52.2
.2
.2
21.1
21.1
16.5
17.4
86.0
'83.0
.6
4.5
4.5
18.1
3.8
38.9
35.6
34.5
35.8
38.9
38.1
41.6
37.0
37.0
39.5
45.4
36.9
39.3
.5277
.4978
.4856
.5464
.5729
.5450
.5289
.5695
.6053
.6317
.6375
.6239
.6495
.6537
404.0
119.7
3
MACHINERY AND EQUIPMENT
[Millions of dollars, unless otherwise specified]
Industrial heating equipment, new orders (domestic),
otrlv #
Electric processing heating equipment
Fuel-fired processinq heating equipment
Materials handling equipment, dollar value bookings
index 1982=100
Industrial supplies, machinery, and equipment:
New orders index, seas, adj., 1987=100
Industrial suppliers distribution:
Sales index not seas adj 1990-1 00
Inflation index, not seas. adj. (tools, material
handling equipment, valves, fittings, abrasives,
fasteners, metal products, etc.), 1977=100
Fluid power products shipments indexes:
Hydraulic products 1990=100
Pneumatic products, 1990-100
Machine tools:
Metal cutting type tools:
Orders new (net) total
Domestic
Shipments total
Domestic
Order backlog end of period
Metal forming type tools:
Orders new (net) total
Domestic
. .
Shipments total
Domestic
Order backloa. end of oeriod
See footnotes at end of tables.
433.0
108.4
685
89.6
87.9
140.3
133.3
83.7
21.3
13.8
131.9
135.1
162.2
158.9
132.8
132.9
160.1
135.0
179.3
154.0
153.2
121.1
107.5
109.7
107.6
110.0
106.3
102.3
110.8
116.1
115.1
112.8
118.1
125.1
128.2
1.0000
.9552
.9369
1.0616
.8974
.8617
.9854
.9298
1.0213
.9997
.9648
1.0221
.9408
.9708
189.4
195.9
196.3
196.3
196.8
195.9
197.6
198.1
198.5
199.2
199.5
199.8
199.5
199.8
100.0
100.0
87.9
99.3
87.7
97.1
90.3
81.8
95.7
78.3
92.5
87.7
97.8
86.9
96.9
96.9
93.3
96.7
90.9
106.1
104.8
89.5
95.9
105.0
104.0
90.0
98.5
73.3
13.5
13.1
21.7
44.0
108.3
69.4
14.1
11.4
186.1
95.7
102.0
2,070.30
1,771.95
2,329.60
2,004.45
1,164.0
1,893.95
1,549.20
1,871.80
1,595.35
1,186.2
174.05
150.25
166.80
140.90
1,123.8
155.85
133.90
177.30
155.35
1,102.3
161.55
140.85
144.35
118.70
1,119.5
283.65
241.35
217.00
181.65
1,186.2
158.55
153.40
106.25
97.50
1,238.4
159.60
140.65
140.25
121.80
1,257.8
183.40
163.20
215.45
185.70
1,225.8
158.00
134.25
156.45
130.50
1,227.3
-109.35
96.50
124.40
100.30
1,212.2
145.50
124.75
161.15
139.80
1,196.6
154.60
142.70
133.10
110.10
1,218.1
91.50
74.80
131.70
107.25
1,177.9
212.70
169.20
203.40
167.20
1,187.2
894.40
760.55
970.30
851.10
304.4
748.15
546.35
801.65
624.60
250.9
70.75
56.30
49.90
36.05
263.0
68.80
51.35
58.45
48.35
273.4
69.15
41.35
85.90
76.90
256.6
59.25
43.45
65.00
52.90
250.9
58.85
50.85
53.55
38.05
256.2
56.65
45.35
60.75
46.60
252.1
59.40
47.65
71.05
52.30
240.4
61.50
56.05
42.85
34.65
259.1
49.80
37.60
45.10
33.40
263.8
65.95
50.20
78.30
62.80
251.5
50.75
37.40
50.90
44.10
251.3
68.75
60.85
39.75
33.15
280.3
71.15
61.60
54.30
49.10
297.2
18.6
4.4
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, i963-9i
Annual
1990 |
November 1992 •
1992
1991
Sept.
1991
Oct.
S-27
Nov.
Jan.
Dec.
Feb. | Mar.
Apr.
May
June |
July j
Aug. |
Sept. j
Oct.
14. METALS AND MANUFACTURES-Continued
MACHINERY AND EQUIPMENT-Continued
Tractors used in construction, shipments, qtrly:
Tracklaying (ex shovel loaders) units
Tracklaying {ex. shovel loaders), mil. $
Wheel (contractors' off-highway), units
Wheel (contractors' off-highway) mi! $
Shovel loaders, units
Shovel loaders, mil. $
8303
1,073.0
4,058
3490
57,766
1 9596
ELECTRICAL EQUIPMENT
[Thousands]
Batteries (auto.-type replacement), shipments
Radio sets, factory sales, domestic market ±±
Television sets (incl. combination models), production,
total market i$
Household major appliances, industry shipments #
Air conditioners (room)
Dishwashers
Disposers (food waste)
Microwave ovens/ranges
Ranges
Refrigerators
Freezers
Washers
Dryers including gas
Vacuum cleaners (qtrly.)
65,187
21,585
66,585
18,530
6,962
2,125
6,833
2,213
6,773
1,768
5,729
1,380
4,351
1,388
4,405
1,502
5,116
1,585
4,367
1,404
4,770
1,344
5,557
1,524
5,526
1,783
6,099
1,929
6,696
2,813
21,779
43,194
4150
3637
4137
8126
3,444
7101
1,296
6192
4320
11,082
19,649
40,997
2807
3571
4002
7234
3,309
7273
1,414
6197
4313
10,970
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
2,009
3,251
31
306
280
854
295
513
106
485
373
2,300
3,143
76
296
338
696
282
492
125
468
360
2,620
t,257
3,163
103
272
349
698
253
466
90
512
386
1,586
3,220
227
268
294
680
251
477
91
502
356
1,821
4,107
523
331
350
689
300
614
128
602
435
2,913
1,489
3.842
545
321
298
618
302
640
120
508
357
1,619
3,846
557
293
304
650
270
657
132
495
356
1,869
4,035
380
321
416
628
301
788
176
553
388
2,702
1,402
3,671
243
300
311
620
281
813
205
486
340
1,933
3,664
106
310
389
736
289
660
166
575
394
2,448
3,855
5
329
458
787
305
716
135
625
449
2,894
2,046
3,837
24
346
331
903
346
691
160
582
434
1950
2,429
3906
2057
2,401
3936
238
211
302
239
245
378
208
226
314
224
215
370
M76
181
361
163
187
356
158
208
364
152
213
364
142
209
335
166
224
339
204
317
193
224
257
GAS EQUIPMENT (RESIDENTIAL)
[Thousands]
Furnaces warm air shipments
Ranges, total, shipments
Water heaters (storage), automatic shipments .
15. PETROLEUM, COAL, AND PRODUCTS
COAL
[Thousands of short tons, unless otherwise specified]
Anthracite:
Production
Exports thous metric tons
Producer Price Index, 1982-100
Bituminous and lignite:
Production
Consumption total
Electric power utilities
Industrial total
Coke plants (oven and beehive)
Residential and commercial
Stocks, end of period, total
Electric power utilities
Industrial total
Oven-coke plants
Exports excluding lignite ffious metric tons
Producer Price Index, 1982= WO
r
3506
105.5
1 025 569
896 427
773,549
116154
39824
6,724
168,210
156166
12,045
3329
95984
973
3445
r
992 539
772,315
158004
971
r
r
1047
105.1
309
105.6
376
r
81 656 90445
73943
64,652
61,948
8971
2932
320
164,004
154051 158813
9,952
2695
8386
9577
95.8
96.5
r
r
324
'81 870
r
r
247
'257
'279
r
106.3
106.4
106.4
1064
105.7
258
106.3
r
79 521
r
87 979
r
82102
r
85 835
r
r
296
82 364
r
274
105.2
r
80 197
r
287
180
199
183
178
1052
105.4
105.4
105.9
1059
79712
83329
82536
84286
95.9
94.7
96.5
95.2
95.6
63.1
63.4
79 968
63,830
66,718
158605
158004
9618
97.0
96.2
93.6
94.4
93.6
94.7
94.9
3,512
6117
3,815
3,710
3,266
3565
3523
3,676
3,720
3,850
3,634
1 977
2084
2026
2198
2354
2 267
2,212
2170
59.2
429.3
88
64.3
428.6
92
62.1
439.5
91
60.6
423.1
89
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
27616
40332
24046
41 493
6256
3418
1 918
1 674
244
1436
2107
1 856
252
1953
2172
1 912
260
1 622
1 635
1,888
2107
1,856
252
1,953
70.9
4981 3
87
61.9
49304
86
60.4
4165
88
66.3
4067
83
64.0
394.7
84
55.1
422.0
87
51.3
407.0
84
53.5
369.7
81
51.0
412.0
85
56.0
403.0
86
6,208.7
6,129.8
507.4
517.1
502.3
509.2
520.1
461.8
500.8
514.6
516.3
500.6
538.7
524.9
2263
55.5
2283
56.5
2138
52.1
2268
55.9
2187
53.9
2204
55.6
2142
53.6
2200
56.1
2148
54.2
3,503
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 petrol°um
Natural gas plant liquids
Imports:
Crude and unfinished oils
Refined products
Change in stocks all oils
Product demand total
Exports:
Crude petroleum
Refined oroducts
See footnotes at end of tables.
26847
5983
27070
6392
221 0
51 6
2306
55.0
2198
54.0
23251
6008
392
65129
22756
5080
-37
64657
191 1
436
-35.4
5290
1893
422
-30.4
5553
1825
45.9
-6.7
5297
183?
44.3
-3.7
5691
1974
38.0
-7.4
5619
1565
393
-23.0
5143
1806
37.5
-16.1
5487
200.7
41.3
11.5
531 3
2005
39.9
20.5
5362
194.6
38.3
.8
536.6
228.3
34.4
18.3
557.6
215.1
40.8
.7
5494
397
272.4
424
322.8
33
20.3
28
25.6
38
24.0
41
33.5
37
31.8
6
24.0
33
25.0
7
27.4
33
24.2
32
25.5
27.1
41
20.3
S-28
SURVEY OF CURRENT BUSINESS
9 November 2992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
1992
1991
Annual
1990
1991
Sept. |
Oct.
Nov. I
Dec.
Jan. |
Feb. |
Mar. |
Apr.
May |
-June |
503.1
2182
10
92.0
31.4
41 9
508.8
2267
507.8
2244
4.8
11 4
56
154
468
July
Aug. |
Sept.
Oct.
15. PETROLEUM, COAL, AND PRODUCTS-Continued
PETROLEUM AND PRODUCTS-Continued
[Millions of barrels, unless otherwise specified]
All oils, supply, demand, and stocks—Continued
Domestic product demand, total #
Gasoline
Kerosene
Distillate fuel oil
Residual fuel oil
Jet fuel
Lubricants
Asphalt
Liquefied petroleum gases
Stocks end of period total
dude petroleum
Strategic petroleum reserve
Unfinished oils, natural gasoline, etc
Refined products
Refined petroleum products:
Gasoline (incl. aviation):
Production
Stocks end of period
Prices,' regular grade (excl. aviation):
Producer Price Index 1982=100
Retail, U.S. city average (BLS):
Leaded $ per gal
Unleaded, $ per gal.
Aviation gasoline:
Production
Stocks end of period
Kerosene;
Production . ..
Stocks end of period
Producer Price Index (light distillate), 1982=100 .
Distillate fuel oil:
Production
Stocks end of period
Producer Price Index (middle distillate),
1982=100
Residual fuel oil:
Production
6 200.8
26496
6,1006
2631 7
155
169
1 1025
448.5
5556
59.7
1763
5680
1 0661
422.6
5371
53.4
1622
6163
16206
908.4
585.7
145.4
5668
25484
1824
85
17
2
859
322
452
48
208
5269
2264
8
945
31.9
501 9
2108
531 5
2244
526.4
2155
489.7
2037
520.4
34
876
342
441
41
103
546
33
957
405
463
42
71
597
35
21
25
100.0
40.7
93.9
38.1
98.6
35.8
458
4.7
58
593
403
43
60
594
424
4.6
73
522
1 6084
9097
5685
151.9
5468
1 5854
9148
5685
153.6
5088
1 5693
9071
5685
158.9
5032
9991
525.0
2308
80.9
30.0
528.8
2366
17
83.2
31.0
445
45
203
475
488
4.4
51 0
431
46
207
462
1 580.8
9164
5685
155.5
5089
1 601 3
911.8
568.5
153.1
5364
1 6021
894.5
569.5
156.9
5507
1 6204
902.2
569.6
156.1
5622
1 621.1
898.8
570.1
155.0
5673
7
853
3
31.9
41 2
4
84.8
28.4
51 5
462
47
188
505
16170
8931
5685
147.1
5767
1 6629
9091
5685
162.3
5914
1 6440
9107
5685
159.2
5741
1 6472
9120
154.8
5803
1 6170
8931
5685
1471
5767
25540
1833
211 7
1793
2099
1683
2109
1750
2285
1833
2190
1928
1963
191 4
2081
1829
2093
1841
2209
1873
216.7
1896
224.0
1831
212.3
1682
69.2
71.4
69.9
70.1
67.0
60.6
59.9
60.4
64.5
73.3
79.1
79.7
78.8
75.9
76.1
1.140
1.143
1.122
1.134
1.123
1.073
1.054
1.058
1.079
1.136
1.179
1.175
1.158
1.158
1.154
80
16
8
17
7
17
5
16
7
18
6
16
5
15
8
16
7
14
9
16
9
16
63.8
65.8
65.3
68.2
50.5
49.5
80.3
1 149
1.164
5054
2133
21 8
465
(2)
4
16
5
16
56
58
.8
57
1.1
64
59
58
2.1
47
1.3
48
1.0
42
.7
38
.8
38
.6
40
1.3
38
.9
51
75.4
65.9
66.6
65.5
68.7
63.6
54.4
59.0
55.8
57.0
61.2
63.5
66.5
64.2
1 0675
101.5
1322
1 081 0
74.8
1435
91 6
942
874
853
886
91 1
900
953
888
6.4
963
777
7.1
931
7.5
7.8
7.0
6.0
1435
1267
1085
5.6
965
7.3
1445
6.0
920
5.3
1383
6.7
977
4.7
1401
1043
1154
1228
73.5
65.2
65.4
67.6
71.0
62.2
54.4
57.3
56.0
59.0
62.1
65.4
64.6
63.3
3466
183.8
341.1
165.4
25.1
14.4
25.2
13.6
26.9
13.6
32.6
17.0
29.9
10.9
27.7
14.1
30.7
12.1
27.0
10.3
29.9
10.2
26.8
10.0
26.0
486
499
481
483
490
499
443
430
404
383
400
399
8.7
383
25.3
10.7
49.1
57.4
40.5
45.2
37.9
40.2
35.3
38.8
43.7
M6.8
45.5
49.2
41.9
44.7
38.1
42.9
41.8
43.8
38.5
41.6
431
45.4
41 2
44.8
457
46.5
456
45.6
4.5
16.3
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 (L P G )
At refineries (L R G )
Stocks (at plants and refineries)
57.2
14.0
51.9
16
17
r
430
5432
52.1
5250
48.8
44.9
49.7
439
47.7
430
48.1
474
48.8
61.2
124
570
123
4.9
127
4.5
122
42
121
4.7
123
4.8
123
4.5
122
5.0
123
5.2
124
11 1
4.4
106
49
109
11 6
1640
1568
187
223
169
220
144
184
106
199
90
223
77
248
81
277
95
305
125
321
141
320
157
276
164
244
165
197
6384
4562
182.2
6831
4875
195.6
542
560
536
561
628
41.3
12.3
1075
42.5
13.6
39.9
15.2
42.7
20.1
63.4
41.4
22.0
655
42.0
14.0
1174
56.2
42.7
13.5
551
39.0
15.2
1163
42.5
23.0
923
782
676
725
846
993
63.0
40.9
22.1
1097
64.4
41.2
23.2
1203
62.4
40.3
22.1
131 8
8,765
8924
5,358
979
923
5.1
16. PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD
(Thousands of cords (128 cu. ft.)]
1
Receipts
.
Consumption
Inventories, end of period
1
99 304
99 109
5,961
98659
98242
5,688
8,125
7871
5,501
8,602
8293
6,122
7,839
7966
6,126
8,095
8006
5,688
8,824
8626
5,717
8,086
7,935
5,711
8,194
8,166
5,655
8,101
8,411
5,580
8,331
8693
5,594
8,711
8861
5,484
9,048
9209
5,373
20 981
22733
1 076
1956
1050
2017
1 065
1930
1,054
1 883
1,076
2024
1,097
1 917
1,045
2114
1,030
2002
1,040
2076
1,056
2095
1,090
2058
1 112
63 050
1,293
51 192
6345
4,219
63818
1,370
51 950
6404
4094
5133
5483
5,186
5472
5,681
5,254
5,525
5,489
5,320
5,417
5711
226
476
392
219
518
451
WASTE PAPER
[Thousands of short tons]
1
Consumption
915
Inventories end of period
r
2117
1,078
2101
1,111
5419
5,318
r
WOODPULP
[Thousands of short tons]
Production:
Total
Dissolving pulp
Paper grades chemical pulp
Groundwood and tnermo-mechanical
Semi-chemical
Inventories, end of period:
Producers' own use
•
Producers' market
Consumers' purchased
[Thousands of metric tons]
Exports all grades total
Dissolving and special alpha
All other
Imports all grades total
Dissolving and special alpha
All other
See footnotes at end of tables.
1
. .
116
105
108
121
139
110
120
114
110
127
115
129
101
4176
4451
4270
4462
4631
4301
4528
4499
4343
4433
4676
M408
4350
511
330
556
372
535
336
546
344
548
363
511
332
529
349
537
340
521
347
521
335
558
363
543
339
531
337
192
575
348
197
547
347
195
513
345
219
518
451
247
548
450
245
571
410
236
480
438
225
530
434
240
570
385
230
507
423
225
596
399
245
676
388
228
710
370
r
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
Annual
1990 |
November 1992 • S-29
1991
Sept. |
1991
1992
Oct. | Nov.
Dec.
Jan.
Feb. | Mar.
Apr.
May
June
July
Aug. |
Sept. |
Oct.
16. PULP, PAPER, AND PAPER PRODUCTS-Continued
PAPER AND PAPER PRODUCTS
[Thousands of short tons, unless otherwise specified]
Paper and board:
Production (API):
Total
Paper
Paperboard
Producer Price Indexes:
Paperboard 1982=100
Building paper and board 1982-100
Selected types of paper (API):
Groundwood paper:
Orders new
Orders, unfilled end of period
Shipments
Coated papers:
Orders, new
Orders, unfilled, end of period
Shipments
Uncoated free sheet:
Orders new
Shipments
Unbleached kraft papers:
Shipments
Tissue paper production
[Thousands of metric tons, unless otherwise specified]
Newsprint:
Canada:
Production
Shipments from mills
Inventory, end of period
United States:
Production
Shipments from mills
Inventory end of period
Estimated consumption all users 0
Publishers' stocks, end of period #
Imports
Producer Price Index, standard newsprint,
1982=100 .
Paper products:
Shipping containers, corrugated and solid fiber
shipments mil sq ft surf area
78 782
39359
39423
79531
39115
40416
6628
3267
3361
7049
3528
3522
6530
3173
3357
6619
3145
3474
6816
3314
3510
6553
3 191
3362
6988
3376
3612
6707
3273
3433
6706
3201
3505
6821
3295
3526
6899
3362
3538
r
6914
r
3421
3492
6839
3379
3460
1359
1122
1302
111 8
1318
1122
1327
1109
1328
1106
1332
1109
1334
1125
1336
1171
1334
1192
1343
1185
1343
1191
r
1343
r
1189
1342
1189
1359
1198
1368
1242
M868
221
1
1,806
1 778
230
1,775
156
295
155
138
283
163
105
245
143
129
225
140
151
255
128
117
332
116
131
317
134
110
226
127
140
229
124
131
257
123
155
274
140
r
150
r
160
266
129
'7430
589
7536
7294
576
7310
669
667
644
660
666
685
527
600
588
550
576
566
665
641
597
637
685
602
627
689
616
583
636
583
642
664
625
640
665
655
661
699
664
r
683
r
696
658
614
607
685
11 479
M 1,503
11 544
11552
982
974
1 098
1 088
946
923
813
929
999
969
1 068
956
1 068
i'ooi
990
981
906
926
991
957
1 054
997
1 008
999
961
989
'2377
^802
2276
5669
176
465
190
486
176
458
182
464
210
480
193
466
208
502
196
470
193
480
193
470
190
456
201
497
188
493
9068
9074
315
8977
8756
536
719
698
635
706
735
606
699
686
619
615
714
536
720
665
618
707
654
671
710
737
644
703
741
606
778
815
569
692
766
494
685
754
424
747
724
448
737
785
400
•5997
6,007
46
12127
802
6206
6,154
98
11 380
816
496
495
122
981
864
530
513
139
1 051
804
527
545
122
1 012
764
528
552
98
952
816
551
546
103
894
902
509
517
95
878
819
532
532
95
541
541
95
530
539
85
519
526
78
552
565
65
542
545
62
513
516
59
1195
1209
1181
1173
1164
1162
1153
1148
1123
1088
1083
1066
1093
1062
1088
1089
318 102
320 180
27185
"31 358
25150
23453
28934
25532
27730
29178
26856
28368
28886
27898
27956
30517
1
1
r
263
139
r
r
17. RUBBER AND RUBBER PRODUCTS
RUBBER
[Thousands of metric tons, unless otherwise specified]
Natural rubber:
Consumption
Stocks, end of period
Imports incl latex and guayule
US Import Price Index 1985=100
Synthetic rubber:
Production
Consumption
Stocks end of period
Exports (Bureau of Census)
2
83903
94.34
860 34
1041
101 2
998
202 390
256,875
48,582
188303
18,998
35533
17045
25,890
4,519
19476
1,803
36773
C
C
997
C
1026
1056
1079
2,114.53
1,820.78
40366
TIRES AND TUBES
/Thousands]
Pneumatic casings:
Production
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.
'210662
260,424
54,191
188838
17,393
42649
19588
25,656
5,296
18448
1,826
34567
16354
19,392
4,106
13846
1,359
34772
15173
17,661
3,064
13145
1,452
35533
18772
19590
3,858
13925
1,777
38400
18762
19,895
4,175
14076
1,645
40687
20356
23702
4,783
17128
1 789
41212
19065
23447
4,726
17068
1 653
40981
18874
23492
5,039
16841
1 612
40576
19380
24,170
4,723
17662
1 784
40201
17273
21,910
3,282
16964
1,665
39918
20306
23472
4,507
17171
1 795
40654
1365
1234
SURVEY OF CURRENT BUSINESS
S-30 • November 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
Annual
1990
1991
Sept. I
1991
Oct.
1992
Nov.
Dec.
Jan.
Feb.
Mar.
Apr. I
May I
June
July |
Aug.
Sept.
Oct.
18. STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
1
Shipments, finished cement, thous. bbl.
1
26,041
24,541
43,913
43,700
118.5
118.5
24,730
26,269
25,138
26,181
25,249
25,064
2,292
5,259
7,936
2,301
2,668
5,592
7,851
2,616
2,506
5,231
8,426
'2,419
2,924
4,757
7,506
2,452
5,784
6,190
6,364
6,531
6,091
1,270
100
48,947
1,113
97
48,145
1,030
148
46,215
915
153
45,297
1,166
168
45,419
1,220
1,421
1,283
1,344
1,164
1,201
1,320
1,321
1,404
1,423
1,390
1,393
37,654
415,203
40,294
6,872.7
(2)
242.0
5,404.8
(2)
195.6
1,517.6
52.9
43.8
39.1
38.2
509.2
429.8
106.4
112.8
1141
118.1
115.1
116.2
116.4
1,471,447
1,350,658
377,932
289,704
284,986
281,111
277,657
22,220
23,152
25,331
24,498
22,898
21,044
17,455
18,207
22,502
21,054
24,193
20,545
25,982
25,558
24,703
24,269
23,986
25,188
23,546
60,261
88,551
26,297
23,477
57,141
84,304
24,038
2,174
4,722
6,816
1,885
1,870
4,686
7,133
2,033
1,380
3,845
6,511
1,831
1,202
3,710
5,661
1,673
1,692
3,871
6,402
1,941
1,898
3,843
6,341
1,818
2,407
4,939
7,823
2,342
2,304
4,810
7,695
2,306
71,967
74,683
6,224
7,292
6,128
4,895
5,852
5,312
6,621
13,190
1,174
43,162
12,816
1,198
44,058
1,210
121
43,486
1,348
136
44,103
1,254
95
45,638
988
78
44,058
1,147
149
45,208
1,139
194
48,579
1,294
132
49,726
14,760
14,688
1,233
1,250
1,373
1,401
1,199
1,168
1,204
1,073
1,312
1,294
1,206
1,253
467,211
44,163
31,667
24,482
30,474
40,482
44,625
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face), mil. standard
brick
Structural tile, except facing, thous. sh. tons
Sewer pipe and fittings, vitrified, thous. sh. tons
Floor and wall tile and accessories, glazed and
unglazed mil sq ft
Producer Price Index, brick and structural clay tile,
12/84-100
1 341 4
116.4
116.5
116.5
1 5373
1 1937
116.6
116.6
116.9
117.2
117.8
r
118.3
118.5
119.3
GLASS AND GLASS PRODUCTS
[Thousand gross, unless otherwise specified]
Flat glass, mfrs.' shipments, thous. $
Glass containers:
Production
Shipments total
Narrow-neck containers:
Food
Beverage .
Beer
Liquor and wine
Wide-mouth containers:
Food and dairy products
Narrow-neck and wide-mouth containers:
Medicinal and toilet
Chemical household, and industrial
Stocks end of period
340,555
391,358
378,380
GYPSUM AND PRODUCTS
[Thousands of short tons]
Production:
Crude gypsum (exc byproduct)
Calcined
,
' 15,658
16,272
1
Calcined:
Industrial plasters
Building plasters, total (incl. Keene's cement)
1
1
8,726
1
7,634
762
764
588
717
748
442
525
729
745
948
675
1
5,310
'5,272
427
467
482
496
425
382
377
398
446
525
515
1,363
1
31
16
865
361
6
40
43
1,625
1
38
36
1,034
403
7
54
53
1,537
1
34
32
985
377
6
53
50
1,862
1
40
42
1,184
460
7
68
59
1,622
1
34
34
1,009
412
7
69
55
Imoorts crude avosum
Sales of gypsum products:
Uncalcined .
1
481
n2
()
8
[Millions of square feet]
Board products total
Lath .
Veneer base
Gypsum sheathing
Regular gypsum board
Type X gypsum board
Predecorated waliboard
5
/ie mobile home board
Water/moisture resistant board
1
20,445
15
442
268
12,268
5,978
98
713
662
1
18,317
12
396
227
11,286
5,033
85
670
608
1,588
1
35
20
997
416
8
60
51
1,748
1
39
23
1,097
460
9
62
58
1,435
1
31
18
916
368
7
48
46
1,466
1
31
31
914
370
7
66
47
1,706
1
39
37
1,062
435
7
70
54
1
45
40
1,204
480
7
72
58
1,661
1
38
38
1,032
415
7
80
51
14
451
1,908
19. TEXTILE PRODUCTS
FABRIC
[Millions of linear yards]
Woven fabric, finishing plants:
Production (finished fabric) . .
Cotton .
Manmade fiber and silk fabrics
Inventories held at end of period
Cotton
Manmade fiber and silk fabrics
Backlog of finishing orders
Cotton
,
Manmade fiber and silk fabrics
COTTON AND MANUFACTURES
[Thousands of running bales, unless otherwise
specified]
Cotton (excluding linters):
Production:
Ginninos 0
Crop estimate thous net weight bales §
Consumption
Stocks in the United States total end of period #
Domestic cotton total .
On farms and in transit
Public storage and compresses
Consumina establishments
See footnotes at end of tables.
15064
15505
17146
17614
6
6
8,383
11 978
11978
1,522
9875
581
2478
8474
13275
15891
16766
1 674
5
3
8,367
13579
13579
1,924
11 075
2,215
16591
16591
13798
2223
2,199
13,579
13579
1,924
11 075
870
11,748
11,748
580
570
580
730
10,285
10,285
3
898
8516
8516
718
752
7240
7240
5953
5953
3
885
4504
4504
682
3552
3552
864
499
189
330
268
140
83
10290
9206
7696
6273
5057
3723
2806
594
580
631
637
628
641
663
'744
r
r
r
18,282
18,282
15,426
''2,227
'629
3
7595
16 204
910
16958
16,958
14,016
2,395
16167
16,167
9,140
6,520
547
507
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
Annual
1990
November 1992 •
1992
1991
Sept.
1991
Oct.
|
S-31
Nov.
Dec.
Jan.
Mar. |
Feb.
Apr. |
May |
June |
July |
Aug. |
Sept.
Oct.
19. TEXTILE PRODUCTS-Continued
COTTON AND MANUFACTURES-Continued
Cotton (excluding linters)—Continued
Exports thous running bales
Imports thous net weight bales
Price(farm), American upland, cents per Ib. 0
Price, Strict Low Middling, Grade 41, staple 34
(1Vi6"), average 10 markets, cents perlb
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 1 00 percent cotton, billions
2
67.1
3
74,8
'256.8
3
97
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
ba/es §
Imports, raw cotton equivalent, thous. net weight
bales §
Producer Price Index, gray cotton broadwovens,
1982=100
56.7
92
64.8
62.7
60.9
55.6
51.6
49.6
49.9
52.0
52.2
56.9
55.3
53.8
'52.6
52.4
62.4
58.3
54.7
53.9
51.5
50.8
52.0
55.0
55.4
58.8
60.9
57.6
53.5
49.5
92
94
38
37
40
37
65.8
.254
60.4
.231
15.0
.227
14.8
.224
258
243
62
59
4464
4404
1 082
1 094
113.8
1 1 4.9
115.3
115.4
115.8
115.9
88
87
38
5.8
37
4.8
.233
.241
23
20
4
4
4
87
87
87
38
5.9
38
4.8
38
4.8
.236
.237
.240
24
2.0
20
4
4
4
4
116.8
116.7
85
85
37
5.6
37
4.2
37
4.6
.226
.212
23
1.8
.231
r
2.0
116.7
117.2
117.3
116.9
1227
1227
1227
1208
4
1 144
116.9
86
4
85
4
4
36
5.5
.220
4
2.3
1 163
116.7
116.8
r
11 7.5
MANMADE FIBERS AND MANUFACTURES
[Millions of pounds]
Fiber production, qtrly:
Cellulosic filament yarn
Rayon staple including tow
Noncellulosic, except textile glass:
Yarn and monofilaments
Staple, incl. tow
Textile glass fiber
2062
2132
526
2733
545
697
553
2991
67.5
66.6
41937
3,9908
42823
3 984.1
1 1002
1 121 9
1 042.7
1,067.7
Fiber stocks, producers', end of period:
Cellulosic filament yarn
Rayon staple, including tow
Noncellulosic fiber, except textile glass:
Yarn and monofilaments
Staple, incl tow
94
173
104
270
3042
3470
351 1
3337
Manmade fiber and silk broadwoven fabrics:
Producer Price Index, gray synthetic broadwovens,
1982=100
1157
1155
1165
1206
1372
605
705
1 1188
1 0640
1,008.0
1 ,044.1
98
104
109
122
23.7
27.0
26.9
33.4
3098
351 1
3424
321 2
333.7
321.2
3098
335.0
1165
1168
78
25
54
51
1182
1190
1199
1203
1209
121 8
106
25
8.1
88
24
65
r
1220
WOOL AND MANUFACTURES
[Millions of pounds, unless otherwise specified]
,
Wool consumption, mill (clean basis):
Apparel class
Carpet class
Wool imports clean yield t
Unimproved and other grades not finer than 46's
48's and finer
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.
Wool broadwoven goods, exc. felts:
Production (qtrly ) mil sq yd
339
36
346
46
36.9
35.9
46
43
121
144
71 7
21 4
503
865
182
682
2.56
1.58
1.56
1.48
1.48
1.55
1.63
1.77
1.95
1.96
1.99
1.93
3.70
2.42
2.29
2.15
2.74
2.70
2.59
2.80
2.77
2.64
2.68
2.56
44
14
30
90
12
78
12
39
102
24
78
81
17
6.4
73
20
5.3
1407
1696
41 4
41 5
1 3485
1,277.8
347.2
309.9
332.7
4,901
3,300
44903
2556
25734
456
62
20
4.2
472
FLOOR COVERINGS
Carpet, rugs, carpeting (woven, tufted, other),
shipments quarterly mil sq yd
341.8
APPAREL
[Thousands, unless otherwise indicated]
Women's, misses', juniors' apparel cuttings, qtrly:
Coats
Dresses
Suits (incl pant suits jumpsuits)
Skirts
Slacks, jeans, dungarees, and jean-cut casual
slacks
Blouses thou doz
See footnotes at end of tables.
18120
r
172317
7728
92778
r
298 988
r
38.761
18 592
159 332
r 1 1 '208
r
r
5047
37618
r
2712
93 094
r
305 462
r
r
r
36.721
25 906
82 674
-9.073
r
33865
2904
21240
'"72772
8,878
4,027
41 212
2904
23552
71 296
79412
9,562
9,168
69
39
18
17
3.3
2.1
1.88
(5)
50
19
4.9
1.88
1.88
1.73
2.24
2.20
2.02
SURVEY OF CURRENT BUSINESS
S-32 • November 1992
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1953-91
Annual
1991
1990
Sept. I
1991
Oct.
1992
Nov.
Dec.
Feb.
Jan.
Mar. I
Apr.
May ]
June |
July
Aug. I
Sept.
Oct.
19. 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
11 302
13945
458 476
103239
328622
r
r
9559
"13854
486 143
"90439
324 867
r
r
r
2270
3448
131 665
r
22 565
24996
31 948
28226
2699
3603
118164
27084
4
76 978
2403
3448
129*117
r
24 028
24191
2,456
3216
123091
26380
85160
20. TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
[Millions of dollars]
Orders new (net) total
U S Government
Prime contract
Sales (net) receipts or billings total
U S Government
Backlog of orders end of period #
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
Aircraft (complete):
Shipments
Exports commercial
•
3
3
145 965
3
56 264
3
141 ,293
132 644
3
66 668
3
129,924
3
3
136 646
73 552
134 578
66 710
247,597
250,079
3
3
84 827
82017
3
146 382 3 147,551
3
26 558 3 24 734
3
3
3
3
3
3
31 648
3
32,981
15 961
3
14 575
18444
22629
2006
6050
5,502
9,499
6898
5407
4,874
8,388
473
424
687
498
189
8.5
6.2
23
572
523
719
526
193
8.3
6.1
22
1945
1 951
1 890
462
416
623
458
165
8.3
6.2
21
378
338
611
438
173
7.9
5.9
20
404
371
573
417
156
8.0
5.9
21
2701
2711
MOTOR VEHICLES (NEW)
[Thousands, unless otherwise specified]
Passenger cars:
Factory sales (from U.S. plants):
Total
Domestic
.
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
To Canada
Imports (ITC) complete units
From Canada total
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 Ibs GVW domestics
0-10,000 Ibs. GVW, imports *
10001 Ibs GVW and overt
Total, seasonally adjusted *
0-1 0000 Ibs GVW domestics
0-10 000 Ibs GVW imports *
10001 Ibs GVW and overt
Retail inventories, domestics, end of period:
Not seasonally adjusted
Seasonally adjusted @
Exports (BuCensus)
Imports (BuCensus), including separate chassis
and bodies
Registrations 0, new vehicles, excluding buses not
produced on truck chassis
Truck trailers and chassis, complete (excludes
detachables) shipments number
Van type number
Trailer bodies (detachable) sold separately number
Trailer chassis (detachable) sold separately number
6137
2251
2601
729
546
183
8.2
6.0
22
548
489
747
565
182
8.4
6.3
21
572
523*
838
635
203
8.9
6.7
2.2
362
334
749
573
176
8.3
6.4
19
418
388
660
483
177
8.0
6.0
2.0
474
436
688
516
173
8.3
6.3
2.0
1,303
1 256
2.5
1,422
1 303
2.6
1,345
1 335
2.6
1,341
1 326
2.4
1,151
1 350
2.5
1,166
1 430
2.9
1,243
1 420
2.7
257.0
824
611
444
404
664
497
167
8.5
6.2
23
506
457
735
541
194
8.3
6.0
23
1,304
1 242
2.4
454"
1,408
1 418
2.5
1,283
1 301
2.5
1 156
1 296
2.5
1 267
1 310
2.6
1,316
1 310
2.5
1,283
1 301
2.6
1318
39446
1,2202
37365
1 1960
8234
3295
319.1
3694
3236
3152
314.8
310.4
2931
290.4
1208
1051
1002
1093
1151
111 3
1221
738
320
692
283
610
247
628
253
297.3
851
619
245
2856
1059
590
225
665
253
693
260
692
257
837
312
260.4
71 6
754
287
3448
3373
3035
326
299
378
347
303
272
244
218
249
232
302
277
376
342
349
317
365
331
368
334
232
212
330
306
344
319
4,649.9
39475
404.0
2984
4,156.0
35946
319.2
2422
375.9
330.1
329.6
283.2
310.8
2728
352.4
3070
295.9
258.5
325.9
289.1
395.2
3483
417.4
370.8
424.4
381.0
459.3
415.9
410.4
365.4
406.8
366.8
"408.4
r
367.3
26.3
19.5
26.4
20.0
21.5
16.5
23.6
17.8
19.0
23.8
23.0
21.0
25.7
21.3
22.1
19.4
23.9
20.8
24.2
17.7
22.2
371.3
341.4
2974
354.2
3099
219
377.2
3324
19.0
18.4
344.2
300.7
363.1
3204
370.5
3268
381.8
3374
397.5
3550
411.9
3707
368.2
3267
405.8
3686
"23.7
"389.3
3484
25.4
24.9
23.5
21 4
21.4
21.3
21 7
21.2
23.1
20.4
22.1
19.0
195
22.8
20.7
22.0
186
222
19.1
22.4
14.5
22.7
"23.7
9103
3459
3719
r
3241
273
199
864
1 258
2.5
1 0743
1 1032
9855
1 011 9
8758
9303
1 004.3
1 0176
1 ,054.4
1 0230
985.5
1 011 9
1 ,025.8
1 0097
1,105.2
1 0731
1,166.6
1 1256
1,166.7
1 1475
1,169.5
1 1309
1,140.1
1 081 4
4798
4,345
405
370
321
357
351
313
373
406
412
482
149,117
103,894
122,477
84,626
(5)
10,700
7,926
11,346
8,006
10,059
7,456
2246
3179
2816
9,970
7,211
12,279
9,220
13,007
10,028
14,011
10,594
14,645
11,140
15,174
11,859
16,060
12,468
3527
2675
2290
2425
1 967
1 836
1 729
17.4
17.2
994.6
1 0605
996.0
1 0566
436
389
446
13,731
10,423
15,886
12,467
(5)
24491
17214
1
"1 423
RAILROAD EQUIPMENT
[Number, unless otherwise specified]
Freight cars (new), for domestic use; all railroads and
private car lines (excludes rebuilt and export cars):
Shipments
Equipment manufacturers
New orders
Equipment manufacturers
Unfilled orders end of period
Equipment manufacturers
Freight cars (revenue), class I railroads (MR): ±
Number owned, end of period, thousands
Capacity (carrying) total end of month mil tons
Average per car, tons
See footnotes at end of tables.
32063
32063
27,197
27197
11 328
11,328
c
24,674
24 674
22,682
c
22 682
c
c
9215
9,215
6,331
6331
5300
5300
8775
8,775
5943
5943
6383
6383
4660
4660
8,421
9215
12975
12,975
9,215
8421
5962
5962
8,354
8354
15367
15,367
'709
537
<M72
'8.3
6.3
'2.0
1,215
711
293
1,000.6
1 0670
r
(2)
7509
7509
4,620
4620
12479
12,479
(2)
423.8
379.9
17.6
26.2
457.3
415.1
17.4
24.8
1,047.1
1 0624
November
SURVEY OF CURRENT BUSINESS
S-33
FOOTNOTES FOR PAGES S-l THROUGH 8-32
General notes for all pages:
r Revised,
p Preliminary,
e Estimated,
c Corrected.
Page S-1
t Revised series. See Tables 2.8-2.11 in the July 1992 SURVEY for revised estimates for 1989-91.
Also see the article on the comprehensive revision of the national income and product accounts that
* appears in the December 1991 issue of the SURVEY.
t Includes inventory valuation and capital consumption adjustments.
§ Monthly estimates equal the centered three-month average of personal saving as a percentage of
the centered three-month moving average of disposable personal income.
Page S-2
1. Based on data not seasonally adjusted.
# Includes data not shown separately.
Page S-3
# Includes data for items not shown separately.
t Effective with the July 1992 SURVEY, M3 data have been revised to benchmark the data to the
1989 and 1990 Annual Surveys of Manufactures, and to reflect updated seasonal factors.
Page S-4
1. Based on data not seasonally adjusted.
# Includes data for items not shown separately.
j 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.
0 For these industries (food and kindred products, tobacco, apparel and other textile products, petroleum and coal, chemicals and allied products, and rubber and plastics products) sales are considered
equal to new orders.
!
t See note "j" 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).
1 See note T for p. S-4.
j 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,
tt 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.
Address requests for data to:
Business Statistics Branch
Business Outlook Division (BE-52)
Bureau of Economic Analysis
U.S. Department of Commerce
Washington, D.C. 20230
t Effective June 1992 SURVEY, estimates of wholesale sales have been revised back to January 1989
and wholesale inventories have been revised back to December 1990. Revised data and a summary
of changes appear in the report Revised Monthly Wholesale Trade, Sales and Inventories January
1986-March 1992, BW/91-RV, available from the Bureau of the Census, Washington, DC 20233.
t Effective June 1992 SURVEY, retail trade data have been revised. Estimates of retail sales have
been revised back to December 1991 and inventories have been revised back to January 1982. Revised
data and a summary of changes will appear in the report Revised Monthly Retail Sales and Inventories,
January 1982-December 1991, BR92-R, available from the Bureau of the Census, Washington, DC
20233.
Page S-9
1. Advance estimate.
# Includes data for items not shown separately.
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.
t See note "f for p. S-8.
Page S-10
J The unemployment rates are the number of unemployed in each group as a percent of the civilian
labor force in that group.
§ Effective with June 1992 SURVEY, data have been revised, back to April 1990, unadjusted, and
back to Jan. 1987, seasonally adjusted, to reflect new benchmarks and seasonal adjustment factors.
The June 1992 issue of Employment and Earnings contains a detailed description of the effects of
these revisions. All of the revised historical series are 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 comprises the full historical series on national data obtained from the
establishment survey.
Page S-11
§ See note"§"for p. S-10.
| 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.
1 Earnings in 1982 dollars reflect changes in purchasing power since 1982 by dividing by Consumer
Price Index.
§§ Wages as of Nov. 1,1992: Common, $19.75; Skilled, $25.81.
t Excludes farm, household, and Federal workers.
Page S-7
Page S-13
1. Computed from cumulative valuation total.
2. Index as Nov. 1,1992: building, 425.2; construction, 470.9.
J Effective July 1992 SURVEY, data have been revised back to 1987. Effective July 1991 SURVEY,
data were 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.
# The fixed-weighted price 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
tjo 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 1992 SURVEY, data have been
revised back to 1989.
§§ Effective March 1992 SURVEY, the Construction Contracts Valuation Index has a new base year
of 1987. Data have been revised back to 1983 and are available upon request.
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).
t 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).
Page S-8
1. Advance estimate.
2. Beginning with Feb. 1989 data, associations in conservatorship are excluded.
0 Home mortgage rates 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.
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. Outstanding loans for mobile homes are included with other credit.
4. Beginning Sept. 1991, the Federal debt series are net of premium and discount.
§ Effective June 1992 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.
0 Excludes loans to commercial banks in the U.S.
j Rates on the commercial paper placed for firms whose bond rating is Aa or the equivalent.
1J Courtesy of Metals Week.
@ Average effective rate
f Effective June 1992 SURVEY, the consumer installment credit series have been revised back to
1985 to incorporate new information and updated seasonal adjustment factors. These revisions are
available from the Mortgage and Consumer Finance Section, Mail Stop 93 at the Federal Reserve Board,
Washington, DC 20551.
S-34 • November 1992
SURVEY OF CURRENT BUSINESS
PageS-15
1. Money market deposit accounts are included with savings deposits.
t j Includes ATS and NOW balances at all depository institutions, credit union share draft balances,
and demand deposits at thrift institutions.
0 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-24
1. Reported annual total; monthly revisions are not available.
Page S-25
1. Reported annual total; monthly revisions are not available.
2. For month shown.
@ Includes domestic and foreign ores.
§ Source: Metals Week.
Page S-16
1. Beginning with Jan. 1992 data, the data include the republics of the former USSR, excluding Estonia,
Latvia, and Lithuania.
@ 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.
t For bonds due or callable in 10 years or more.
# Includes data for items not shown separately.
0 The March through August 1991 issues of the SURVEY showed month-end yields for 1991 rather
than monthly averages.
Page S-17
1. See note "1" for p. S-16.
@ See note "@n for p. S-16.
# Includes data not shown separately.
0 Data include undocumented exports to Canada, which are based on official Canadian import
totals.
Page S-18
1. Reported annual total; quarterly or monthly revisions are not available.
2. For month shown.
# Includes data for items not shown separately.
§ Total revenues, expenses, and income for all groups of carriers also reflect nonscheduled service.
t The threshold for Class I railroad status is adjusted annually by the Interstate Commerce
Commission to compensate for inflation.
C> 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.
t Before extraordinary and prior period items.
Page S-19
1. Reported annual total; monthly or quarterly revisions are not available.
2. Figure suppressed because it did not meet Census publication standards.
3. Data are partially estimated for first three quarters of 1991 and are not available. Value for 4th
quarter 1991 is based on partially estimated production data.
4. Data withheld to avoid disclosing figures for individual companies.
# Includes data for items not shown separately.
§ Data are reported on the basis of 100 percent content of the specified material unless otherwise
indicated.
0 Data for 1991 are reported quarterly.
Page S-26
1. Reported annual total; monthly revisions are not available.
2. Less than 50 tons.
3. Break in comparability beginning Jan. 1,1991, because of a change in the Metals Week pricing
series for zinc.
4. Monthly data not available for 1990 and 1991.
0 Includes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.
1 Source for monthly data: American Bureau of Metal Statistics. Source for annual data: Bureau of *
Mines.
# Includes data not shown separately.
@@ Price represents North American Mean.
Page S-27
1. Annual total includes revisions not distributed to the months or quarters.
# Includes data for items not shown separately.
§ Includes nonmarketable catalyst coke.
0 Includes small amounts of "other hydrocarbons and alcohol new supply (field production)," not
shown separately.
it March, June, September and December are five-week months. All others consist of four weeks.
Page S-28
1. Reported annual total; revisions not allocated to the months.
2. 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.
0 Source: American Paper Institute. Total U.S. estimated consumption by all newspaper users.
# Compiled by the American Newspaper Publishers Association.
*
Page S-30
Page S-20
1. Reported annual total; monthly or quarterly revisions are not available.
2. Quarterly data are no longer available.
§ Data are not wholly comparable from year to year because of changes in classification.
@ Includes less than 500 electric generation customers not shown separately.
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. 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.
6. Stocks as of Dec. 1.
§ 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, representing approximately 85 percent of U.S. production.
Page S-22
§ 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.
# Totals include data for items not shown separately.
1. Reported annual total; revisions not allocated to the months.
2. Figure suppressed because it did not meet Census publication standards.
3. Data cover five weeks; other months, four weeks.
4. Beginning Jan. 1989, sales of industrial plasters are included with building plasters.
5. Nov. 1,1992 estimate of the 1992 crop.
6. Total for crop years, 1989/1990 and 1990/1991 respectively.
# Includes data for items not shown separately.
0 Cumulative ginnings to the end of month indicated.
§ Bales of 480 Ibs.
Page S-31
1. Annual total includes revisions not distributed to the months.
2. Weighted average for crop year, Aug. 1-Jul. 31.
3. Spot market average for crop year, Aug. 1-Jul. 31.
4. For five weeks; other months four weeks.
5. No price because the Australian market was shut down for the month of July.
0 Based on 480-lb. bales, preliminary price reflects sales as of the 15th; revised price reflects
total quantity purchased and dollars paid for the entire month (revised price includes discounts and
premiums).
§ Bales of 480 Ibs.
t The total may include some miscellaneous wool imports.
# Series first shown in the July 1990 SURVEY.
SURVEY OF CURRENT BUSINESS
Page S-32
1. Annual total includes revisions not distributed to the months.
2. Production of new vehicles (thous. of units) for Oct. 1992: passenger cars, 522; trucks and
buses, 412.
3. Data are reported on an annual basis only.
4. Beginning in 1992, data are available only on a quarterly basis.
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 Dec. 1991 SURVEY, data have been revised back to 1988 and are available
upon request.
7. Data withheld to avoid disclosing figures for individual companies.
November 1992 •
S-35
# 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.; republication prohibited. Because data for some States are not
available, month-to-month comparisons are not strictly valid.
* Effective with the July 1992 SURVEY, seasonally adjusted retail sales for trucks and buses have
been revised back to 1989, and are available upon request.
t Includes some imported trucks over 10,000 Ibs. GVW.
j Excludes railroad-owned private refrigerator cars and private line cars.
@ Effective with the Mar. 1992 SURVEY, seasonally adjusted retail inventories for trucks and buses
have been revised back to 1977, and are available upon request.
SURVEY OF CURRENT BUSINESS
S-36 • November 1992
INDEX TO CURRENT BUSINESS STATISTICS
Sections
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade
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, clay, 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
33-35
Individual Series
Advertising
8,12
Aerospace vehicles
32
Agricultural loans
13
Air carrier operations
18
Air conditioners (room)
27
Aircraft and parts
4,5,32
Alcohol, denatured and ethyl
19
Alcoholic beverages
8,20
Aluminum
25
Apparel
2,4-6,8-12,31,32
Asphalt
28
Automobiles, etc
2-4,6,8,9,14,15,17,32
Banking
Barley
Battery shipments
Beef and veal
Beverages
Blast furnaces, steel mills
Bonds, issued, prices, sales yields
Brass and bronze
Brick
Building and construction materials
Building costs
Building permits
Business incorporatipn (new), failures
Business sales and inventories
Butter
13,14
21
27
22
8,17,20
3-6
15,16
26
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
Com
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
Crudeoil
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
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)
1
20
1,15
8,9
12
8,9
5,22
2, 20
2-5,10-12,15,27
11
10-12
16-18
Failures, industrial and commercial
5
Farm prices
5,6
Fats and oils
17
Federal Government finance
14
Federal Reserve System
13
Federal Reserve member banks
13
Fertilizers
19
Fish
22
Flooring, hardwood
24
Flour, wheat
22
Fluid power products
26
Food products
2-6, 8,10-12,15,17, 20-23
Foreign trade (see also individual commodities)
16-18
Freight cars (equipment)
32
Fruits and vegetables
5
Fuel oil
6,28
Fuels
2,6,17,27,28
Furnaces
27
Furniture
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
Housefurnishings
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, manufacturers' 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
Labor force
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
Milk
21
Mining
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 vehicles
2-4,6, 8, 9,15,17, 32
National parks, visits . . .
.. 18
Newsprint
New York Stock Exchange, selected data
Nonferrous metals
29
16
2, 4,5,15,25,26
Oats
Oils and fats
Orders, new and unfilled, manufacturers'
Outlays, U.S. Government
21
17
4, 5
14
Paint and paint materials
20
Paper and products and pulp
2-4,6,10-12,15,28,29
Parity ratio
5
Passenger cars
2-4, 6, 8, 9,15,17,32
Passports issued
18 v
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
9
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 (incl. plastics)
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
Sulfuricacid
Superphosphate
Synthetic textile products
Tea imports
Teleprwne 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
8,27
12,16,18,32
27
31
8,13
14
27
32
6
2,3, 5, 8-12,14,32
21
2-4, 6,10-12, 29
1
13
8,14
15
15,16
6,10-12
22!
23
14
31
24,25
15
16
2-4,10-12,15,30
23
19_
19
19
31
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
Unemployment and insurance
U.S. Government bonds
U.S. Government finance
Utilities
Vacuum cleaners
Variety stores
Vegetables and fruits
"
9,10,13
16
14^
2, 6,7,15,16,20
27
9
5
Wages and salaries
Washers and dryers
Water heaters
Wheat and wheat flour
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc
1,12
27
27
21.22
2,3,5, 8,10-12
28
31
26
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conventions used in the NIPA'S and the definitions and classifications underlying
the accounts. [Volume i, covering 1929-58, will be available later.) 424 pp.
$25.00 (GPO STOCK NO, 003-010-00231-0).
-
NIPA Methodology Papers:
No. i through No. 5: Available from NTIS (see box below).
No. 6: Personal Consumption Expenditures. (1990) Presents the conceptual
basis and framework of personal consumption expenditures in the national
income and product accounts. Describes the presentation of the estimates
and the sources and methods used to prepare them. 92 pp. $4.50 (GPO
STOCK NO, 003-010-00200-0).
NIPA Methodology Papers 1 through 5 (photocopies) are available
from the National TechnicaMnformation Service (NTIS).
No. i: Introduction to National Economic Accounting. (1985) 19 pp,
$12.50 (NTIS ACCESSION NO. PB 85-247567).
No. 2: Corporate Profits: Profits Before Tax, Profits Tax Liability, and
Dividends, (1985) 67 pp. $19.50 (NTIS ACCESSION NO. PB 85245397).
No. 3: Foreign Transactions. (1987) 52 pp. $19.50 (NTJS ACCESSION NO.
PB 88-100649),
No. 4: GNP: An Overview of Source Data and Estimating Methods.
(1987) 36 pp, $17.50 (NTIS ACCESSION NO. PB 88-134838).
No. 5: Government Transactions. (1988) 120 pp, $27.00 (NTIS ACCESSION NO. PB 90-118480).
FROM: U.S. Department of Commerce^ National Technical
Information Service, 5285 Port Royal Road, Springfield, VA 22161.
Payment maybe by check (made payable to NTIS) or charged to an NTIS
deposit account number, American Express, VISA, or Mastercard.
Phone (703) 487-4650 or fax (703) 321-8547.
The 1982 Benchmark Input-Output Accounts of the United States. (1991)
Presents tables for 541 industries/commodities showing the production of
commodities (goods and services) by each industry, the use of commodities by
each industry, the commodity composition of GNP, and the industry distribution of value added. Prepared primarily on the basis of data collected in the 1982
Economic Censuses, 368 pp, $19,00 (GPO STOCK NO. 003-010-00226-3).
BEA Regional Projections to 2040. (1990) Three volumes. Presents regional
projections for selected economic and population variables for 1995, 2000, 2005,
2010, 2020, and 2040. Includes projections for employment and earnings by
industry and for personal income, as well as a statement of methodology,
Vol. i: States, 144 pp. $7.50 (GPO STOCK NO. 003-010-00199-2).
Vol 2: Metropolitan Statistical Areas. 352 pp. $17.00 (GPO STOCK NO, 003-01000211-5).
Vol. 3: BEA Economic Areas. 200 pp. $10.00 (GPO STOCK NO. 003-010-002123).
"
' Regional Multipliers: A User Handbook for the Regional Input-Output
Modeling System (RIMS n). (1992) Presents updated tables of regional inputoutput (i-o) multipliers by industry, for output, earnings, and employment, for
all States and the District of Columbia. Multipliers are shown on a direct-effect
and a final-demand basis. Explains how to obtain multipliers for over 500
industries for any geographic area composed of one or more U.S. counties or
county equivalents. Includes case studies, 124 pp, $7.00 (GPO STOCK NO. 003010-00227-1),
The Balance of Payments of the United States: Concepts, Data Sources, and
Estimating Procedures. (1990) Describes in detail the methodology used in
constructing the balance of payments estimates for the United States. Explains
underlying principles, and describes the presentation of the estimates. Includes
a comprehensive list of data sources. 160 pp. $8.50 (GPO STOCK NO, 003-01000204-2).
Foreign Direct Investment in the United States; Operations of U.S. Affiliates
of Foreign Companies. (1992) Two publications containing results for 1989 and
1990 from BEA'S annual survey covering the financial structure and operations
of nonbank U.S. affiliates of foreign direct investors. Data are classified by
industry of U.S. affiliate, by country and industry of ultimate beneficial owner,
and, for selected data, by State. 92 pp. $5.50 each. Preliminary 1990 Estimates:
GPO STOCK NO. 003-010-00233-6; Revised 1989 Estimates: GPO STOCK NO. 003010-00232-8.
Foreign Direct Investment in the United States: Establishment Data for
1987, (1992) A joint effort by BEA and the Bureau of the Census, this publication
provides new data on operations of U.S. affiliates of foreign direct investors in
much greater industry detail than has been available in the past Over 800 4-digit
sic industries are covered. Presents the number, employment, payroll, and
shipments or sales of the establishments. Data are disaggregated by industry, by
State, and by country of ultimate beneficial owner. 696 pp. $36,00 .(GPO STOCK
NO. 003-010-00228-0).
v
U.S. Direct Investment Abroad: 1989 Benchmark Survey, Final Results.
(1992) Presents final results of the latest benchmark survey of the worldwide
operations of U.S. multinational companies. Contains detailed 1989 data on the
financial structure and overall operations of U.S. parent companies and their
foreign affiliates in 263 tables organized by industry of parent or by country and
industry of affiliate. Also contains a complete methodology and copies of survey
forms and instructions. 448pp. $25,00 (GPO STOCK NO. 003-010-00234-4).
U,S. Direct Investment Abroad: Operations of U.S. Parent Companies and
Their Foreign Affiliates, Preliminary 1990 Estimates. (1992) Presents preliminary results of BEA'S 1990 annual survey of the worldwide operations of U.S.
multinational companies. Contains information on the financial structure and
operations of U.S. parent companies and their foreign affiliates. Data are
classified by country and industry of affiliate and by industry of U.S. parent 100
pp. $6.00 (GPO STOCK NO. 003-010-00230-1).
@FedFRASER