Full text of Survey of Current Business : October 1991
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October 1991 / Volume 71 Number
10
SURVEY OF CURRENT BUSINESS
U.S. Department of Commerce
1
Business Situation
4
National Income and Product Accounts
4 Selected NIPA Tables
18 NIPA Charts
20
A Preview of the Comprehensive Revision
of the National Income and Product Accounts:
New and Redesigned Tables
Michael R. Darby / Under Secretary for
Economic Affairs and Administrator
29
U.S. Direct Investment Abroad:
1989 Benchmark Survey Results
Bureau of Economic Analysis
Allan H. Young / Director
Carol S. Carson / Deputy Director
56
Regional Perspectives
Editor-in-Chief: Douglas R. Fox
Managing Editor: Leland L. Scott
59
State Personal Income, Summary Estimates for
Second Quarter 1991
Robert A. Mosbacher / Secretary
Economics and Statistics Administration
Publication Staff: W. Ronnie Foster,
M. Gretchen Gibson, Eric B. Manning,
Donald J. Parschalk
SURVEY OF CURRENT BUSINESS. Published monthly
by the Bureau of Economic Analysis of the U.S.
Department of Commerce. Editorial correspondence should be addressed to the Editor-in-Chief,
SURVEY OF CURRENT BUSINESS, Bureau of Economic
Analysis, U.S. Department of Commerce, Washington, DC 20230.
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C-pages: Business Cycle Indicators
(See page C-l for contents)
S-pages: Current Business
Statistics
(See page S-36 for contents and subject index)
Inside back cover: BEA
Information
NOTE.—This issue of the SURVEY went to the printer on November 6,1991.
It incorporates data from the following monthly BEA news releases:
Gross National Product (Oct. 29),
Personal Income and Outlays (Oct. 30), and
Composite Indexes of Leading, Coincident, and Lagging
Indicators (Nov. 1).
the BUSINESS SITUATION
Ecoi)NOMIC
conditions as reflected
in the national income and product accounts (NIPA's) showed improvement
in the third quarter of 1991: Real GNP
increased 2.4 percent after decreasing 0.5 percent in the second quarter,
and real gross domestic purchases increased 4.4 percent after increasing
1.4 percent (chart I).1 The (fixedweighted) price index for gross domestic purchases increased 2.2 percent
after increasing 2.4 percent.
One-third of the increase in real
GNP was accounted for by motor vehicle output, which increased substantially in the third quarter but not
as much as in the second.
Autos accounted for most of the thirdquarter increase in motor vehicle output; trucks accounted for most of the
second-quarter increase. (Auto output
in constant dollars is presented in table 1.18 of the "Selected NIPA Tables,"
and truck output, in table 1.20.)
Among the major components of
GNP, personal consumption expenditures, nonresidential fixed investment,
and residential investment increased
more than in the second quarter, and
inventory investment (that is, change
in business inventories) increased after
a second-quarter decrease. In the third
quarter, the increases in these components were partly offset by drops in net
exports and in government purchases.
Prices
The fixed-weighted price index for
gross domestic purchases increased 2.2
percent in the third quarter, about the
same as in the second quarter (table 1). Food and energy prices held
down the increase in both quarters;
prices of gross domestic purchases less
food and energy, which may be viewed
as measuring the underlying inflation
rate in the U.S. economy, increased
3.3 percent in both quarters (chart
NOTE.—This article was prepared by Daniel 2). Thefixed-weightedprice index for
GNP slowed to a 2.1-percent increase
Larkins and Ralph W. Morris.
in the third quarter from a 3.1-percent
1. The regularly featured estimate of real GNP is
increase in the second.
based on 1982 weights. An alternative estimate of real
Export prices, which are included in
GNP growth based on more current weights can be caK
culated using the change in the chain price index, which
the
price index for GNP but not in the
is published in table 8.1 of the "Selected NIPA Tables."
index for gross domestic purchases, deThis alternative measure increased 2.1 percent in the
third quarter after increasing 0.7 percent in the second.
creased slightly in the third quarter
CHART 1
Selected Measures:
Change from Preceding Quarter
Percent
10
REAL GNP
l l l l l . i •_•
•,
I
-5
-10
10
REAL GROSS DOMESTIC PURCHASES
• l i i . l l -•• , .1
-5
Looking Ahead...
• National Income and Product Accounts Revision. Revised estimates of
the national income and product accounts for years and quarters beginning
in 1959 will be released on December 4, 1991. Estimates for selected tables, along with a brief summary of the revisions, will be presented in the
November SURVEY. The complete set of tables with estimates for 1987-90
and an article describing the revision will appear in the December SURVEY.
A two-volume publication containing the complete set of tables for 1929-87
will be available in early 1992. See the article beginning on page 20 for a
description of the new and redesigned tables that will be introduced for the
revised estimates.
• Gross State Product. Revised estimates for 1977 through 1986 and estimates for 1987, 1988, and 1989 will be presented in the December SURVEY.
These estimates will be consistent with the revised gross product originating by industry series presented in the January 1991 and the April 1991
issues of the SURVEY.
GROSS DOMESTIC PURCHASES PRICE INDEX
(FIXED WEIGHTS)
1988
1989
1990
1991
Note—Percent change at annual rate from preceding quarter;
based on seasonally adjusted estimates.
U.S. Department of Commerce. Bureau of Economic Analysis
9,
SURVEY OF CURRENT BUSINESS
after a small increase in the second.
Import prices, which are subtracted
in deriving the price index for GNP
but not in deriving the index for gross
domestic purchases, increased slightly
after a decrease. Among import prices,
the price of imported petroleum, which
Table 1.—Price Indexes (Fixed Weights): Change
From Preceding Quarter
(Percent change at annual rates; based on seasonally adjusted
index numbers (1982=100)]
1990
GNP
Plus: Imports
Equals: Gross domestic purchases ...
1991
I
IV
II
5.2
3.1
2.1
5.0
24.9
3.4
-11.8
1.5
-6.8
-.3
.2
6J
3.7
2.4
2.2
6.3
3.6
2.3
2.2
7.1
4.9
3.3
6.2
-23.6
2.6
5.1
-14.7
1.9
-3.8
4.9
-.6
6.1
5.6
2.5
5.4
-.3
4.8
3.6
1.6
.1
3.5
3.8
2.1
.7
2.6
3.6
34.4
346.2
5.4
-18.2
-75.0
4.1
-11.3
-^7.5
-3.6
-1.4
3.0
-2.0
Persona] consumption expenditures
Energv
Other personal consumption
expenditures
Nonresidential structures
Producers' durable equipment
Residential investment
Government purchases
51.2
4.2
Addenda:
Merchandise imports
Petroleum and products
Other merchandise
NOTE—Percent chanscs in i
of the •'Selected MPA~Tables
in tables 7.1 and 7.3.
CHART 2
Gross Domestic Purchases
Prices (Fixed Weights):
Change From Preceding Quarter
Percent
III
4.7
Less: Change in business
Equals: Final sales to domestic
purchasers
had fluctuated widely in preceding
quarters, increased only slightly in the
third.
Prices of personal consumption expenditures increased 1.9 percent after
a 2.6-percent increase. Food prices decreased, reflecting a drop in the prices
of red meats, fruits, and vegetables.
Prices of all major categories of energy
decreased, but less than in the second quarter. Prices of "other" personal
consumption expenditures increased a
little more than in the second quarter.
October 1991
aggregates are found in table 8.1
ost index number levels are found
2-
Personal income
Personal income increased $39.7 billion in the third quarter after increasing $48.9 billion in the second (chart
3 and table 2). The slowdown reflected a downswing in farm proprietors' income, which decreased $8.6 billion after increasing $3.3 billion. Federal subsidy payments to farm proprietors and farm proprietors' income excluding subsidy payments contributed
about equally to the downswing. Subsidy payments decreased $6.7 billion
in the third quarter after decreasing
$0.5 billion in the second. Farm proprietors' income excluding subsidies
1988
1989
1990
1991
Note.—Percent change at an annual rate from preceding quarter;
based on seasonally adjusted Index numbers (1982 = 100).
U.S. Department of Commerce, Bureau of Economic Analysis
91-10-2
CHART 3
Selected Personal Income
and Saving Measures
Billion $
150
CHANGE IN PERSONAL INCOME
120
90
Table 2.—Personal Income and Its Disposition
(Billions of dollars; seasonally adjusted at annual rates]
60
Change from preceding quarter
Level
1991
1990
1991: III
1
IV
31.2
2.9
4.6
-1.7
5.9
17.4
5.1
29.3
8.5
8.5
0
3.2
12.7
4.8
3.0
3.0
3.0
-1.8
-.3
-1.6
12.6
3.3
9.4
1.4
-8.6
10.0
-3.7
0
-5.9
-\.2
-7.7
2.2
1.2
-4.9
18.7
30.3
13.4
10.2
.3
8.4
2.1
2.8
40.0
17.3
48.9
39.7
7.1
-2.0
2.0
.1
4,107.7
32.8
19.4
46.8
39.6
3 950 0
31.8
18.1
45.5
52.0
157.7
1.0
1.2
1.5
-12.5
2
5.0
.1
1.0
10.8
-2 4
-.5
-6.7
1.6
1.1
-1.5
17.8
0
0
0
7.0
0
.9
2,803.3
724.4
549.8
174.6
648.8
890.4
539.7
4.7
-9.3
-5.7
-3.6
-.8
8.1
6.8
272 2
3.2
4184
43 2
375.2
8.3
6.4
1.8
7.6
126 7
669.4
.9
1.8
2.6
Transfer payments
769.0
Less. Personal contributions for social insurance
242.2
4,824.4
716.7
Manufacturing
Other
Government and government enterprises
Other labor income
Farm
Nonfarm
Rental income ot persons
Personal income
Less. Personal lax and nontax payments
Equals: Disposable personal income
Equals: Personal saving
30
III
II
3.9
-13.0
-9.4
-3.6
-2.2
7.3
11.7
Pe cent
CHANGE IN REAL DPI
|||J B I.I..
H
-5
-10
Percent
10
PERSONAL SAVING RATE
Addenda: Special factors in personal income:
in •Aages and salariesFederal Government and Postal Service pay adjustments
In transfer payments:
Social security retroactive payments
Cost-of-!ivmg increases in Federal transfer payments
.5
1988
In personal contributions for social insurance:
Social security rate, base, and coverage changes and increase in
NOTE.—Most dollar levels arc found in table 2.1 of the "Selected NIP A Tables."
1989
1990
1991
Based on Seasonally Adjusted Annual Rates
Note—Changes are from preceding auarter.
U.S. Department of Commerce, Bureau of Economic Analysis
91-10-3
October 1991
SURVEY OF CURRENT BUSINESS
decreased $1.9 billion after increas- percent from 2.3 percent, reflecting a a $12.5 billion decrease in personal
ing $3.8 billion; the decrease reflected deceleration in the deflator for personal saving in the third quarter. The perlower market prices.
consumption expenditures.
sonal saving rate dropped 0.4 percentage point to 3.8 percent after holdWage and salary disbursements inA larger increase in personal out- ing steady at 4.2 percent for four
creased $29.3 billion in the third quarter, a little less than in the second. lays than in current-dollar DPI led to consecutive quarters.
In manufacturing, wages and salaries
increased more than in the second
quarter, reflecting a step-up in avNOTE.—Quarterly estimates in the national income and product accounts are expressed at
seasonally adjusted annual rates, and quarterly changes are differences between these rates.
erage weekly hours and an upswing
Quarter-to-quarter percent changes are annuaHzed. Real, or constant-dollar, estimates are
in employment. In the service and
expressed in 1982 dollars. The advance GNP estimate for the third quarter is based on the
distributive industries and in Governfollowing major source data, some of which are subject to revision. (The number of months for
ment, wages and salaries increased
which data were available is shown in parentheses.)
Personal consumption expenditures: Sales of retail stores (3), and unit auto and truck sales
less in the third quarter than in the
(3);
second.
Nonresidential fixed investment: Unit auto and truck sales (3), construction put in place
Personal interest income decreased
(2), manufacturers' shipments of machinery and equipment (3), and exports and imports of
machinery and equipment (2);
$4.9 billion after decreasing $7.7 bilResidential investment: Construction put in place (2), and housing starts (3);
lion; the decreases reflected lower
Change in business inventories: Manufacturing and trade inventories (2), and unit auto
interest rates.
inventories (3);
Disposable personal income (DPI) inNet exports of goods and services: Merchandise exports and merchandise imports (2);
Government purchases of goods and services: Federal outlays (2), and State and local
creased $.39.6 billion, or 4.0 percent,
construction put in place (2);
in the third quarter after increasing
GNP prices: Consumer Price Index (3), Producer Price Index (3), nonpetroleum merchandise
$46.8 billion, or 4.7 percent, in the
export and import price indexes (3), and values and quantities of petroleum imports (2).
second; real DPI slowed less, to 2.0
SURVEY OF CURRENT BUSINESS
October 1991
NATIONAL INCOME
AND PRODUCT ACCOUNTS
Selected NIPA Tables
New estimates in this issue: Third quarter 1991, advance.
The selected set of 54 national income and product accounts (NIPA) tables shown in this section presents quarterly estimates, which are updated
monthly. (In most of these tables, annual estimates are also shown.) The full set of 132 tables usually shown in July presents annual NIPA revisions.
For more information on the presentation of the estimates, see "National Income and Product Accounts Estimates: When They are Released, Where
They Are Available, and How They Are Presented" in the July 1988 SURVEY.
The tables shown are available the day of the GNP news release on printouts and diskettes on a subscription basis orfromthe Commerce Department's
Economic Bulletin Board. Estimates for 1986-89 are in the July 1990 issue of the SURVEY; estimates for 1985 are in the July 1988 issue; estimates
for 1984 are in the July 1987 issue; estimates for 1983 are in the July 1986 issue. Estimates for 1929-82 are in National Income and Product
Accounts, 1929-82: Statistical Tables. For more information, write to National Income and Wealth Division (BE-54), Bureau of Economic Analysis, U.S.
Department of Commerce, Washington, DC 20230.
NOTE.—This section of the SURVEY is prepared by the National Income and Wealth Division and the Government Division.
Table 1.1.—Gross National Product
Table 1.2.—Gross National Product in Constant Dollars
[Billions of dollars]
[Billions of 1932 dollars]
Seasonally adjusted at annual rates
1989
Gross national product
Personal consumption expenditures1
Durable goods
,
Nondurable
goods .
Services1
,
1990
1991
1990
1990
5,670.8
Gross national product
4,117.7 4,1573 4,155.1 4,170.0 4,153.4 4,124.1 4,118.9 4,143.1
3341.8
467.4
1.229.5
2,144.9
Personal consumption expenditures'
654.0
694.0
501.1
134.9
366.2
192.9
684.8
702.3
498.8
125.4
373.4
203.5
-17.5
2,631.6 2,678.8 2,696.8 2,673.6 2,663.7 2,680.5 2,7053
428.0 427.4 426.8 429.5 415.6 402.9 401.4 410.4
919.9 911.1 911.2 916.4 901.2 897.1 902.2 908.7
1376.9 1386.2
1309.0 1343.1
1,340.8 1.350.8 U56.7 1,363.7
688.7
623.7 617.6
700.7
692.3 682.7 648.6 650.9 6663
693.1
506.1 515.4 691.2 519.3 519.4 496.8 498.5 506.5
116.4 113.7 109.5 101.8
122.4 120.9 508.4
403.1 383.1 389.0 404.7
383.7 394.6 120.9
187.0 176.8 387.5 173.0 163.3 151.8 152.4 159.7
-3.6 182.8
23.8
4.7 -26.4 -25.0 -33.3 -15.1
4.7 -28.5 -28.1 -27.2
-5.1
9.5
18.7
-6.1
3.1
2.1
0
11.6
1.5
5.0
-11
7.1
700.8
682.6
693.5
694.9
Fixed investment
Nonresidcntial
,
Structures
Producers' durable equipment ..
Residential
....
Change in business inventories
Nonfarm
.,
„
Farm
Net exports of goods and services l ....
Federal
National defense
Nondefense
State and local
1989
5,200.8 5,465.1 5,443.3 5,514.6 5,5273 5,557.7 5,612.4
3,450.1 3,657.3 3,622.7 3,693.4 3,724.9 3,742.8 3,789.0
474.6 480.3 478.4 482.3 468.5 455.3 453.7
1.130.0 1,193.7 1,179.0 1,205.0 1.216.0 1.212.7 1,221.7
1,845.5 1.983.3 1,965.3 2,006.2 2,040.4 2,074.8 2,113.6
Gross private domestic investment ...
Exportsl
Imports1
Government purchases or goods and
services
Seasonally adjusted at annual rates
1991
1990
759.0
759.7
698-3
742.9
511.9
146.2
365.7
231.0
28.3
23.3
5.0
-46.1
746.1
524.1
147.0
377.1
222.0
-5.0
-7.4
2.4
-3L2
745.6
516.5
147.2
369.3
229.1
13.4
13.0
.5
750.7
729.2
524.0
142.1
381.9
205.2
-30.8
-32.4
626.2
672.3
672.8
704.0
659.7
684.6
532.8
149.8
383.0
217.9
9.0
6.8
2.2
-24.9
672.7
714.1
660.0
694.1
503.6
139.5
364.1
190.5
-34.2
-37.1
2.9
-28.8
13.5
697.4
694.5
681.0
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»
1,025.6 1,098.1 1,086.4 1,102.8 1,132.9 1,141.5 1,1513 1,145.5
400.0 424.0 421.9 425.8 437.6 443.8 449.7 436.8
301.1 313.6 309.6 312.6 325.0 331.2 325.7 318.7
98.9 110.4 112.3 113.2 112.6 112.6 124.0 118.1
625.6 674.1 664.6 677.0 695.3 697.7 701.6 708.7
Exportsl
Government purchases of goods and
services
Federal
National defense
Nondefense
State and local
-..
630.5
593.3
647.4
631.5
6653
664.7
798.1
820.8
820.2
334.9
256.3
78.7
463.2
343.7
258.7
85.0
477.1
345.9
258.2
87.8
476.7
89.4
474.3
647.2
656.0
648.0
641.0
655.1
667.6
8323
829.6
833.4
349.9
265.7
84.2
482.4
349.5
2674
82.0
480.1
259.4
94.9
1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
NOTE.—Percent changes from preceding period for selected items in this table art shown in table 8.1.
NOTE.—Percent changes from preceding period for selected items in this table arc shown in table 8.1.
Table 1.3.—Gross National Product by Major Type of Product
Seasonally adjusted at annual rates
1990
1990
Seasonally adjusted at annual rates
1989
1991
1990
1990
II
Gross national product
Final sales
Change in business inventories
Goods
Final sales
Change in business inventories
Durable goods
.......................
Final sales
Change in business inventories
Nondurable goods
Final sales
....
Change in business inventories
5,200.8 5,465.1 5,4433 5,514.6 54273 5,557.7 5,612.4 5,670.8
5,172.5 5,470.2 5,429.9 5,505.6 5.558.2 5.591.9 5.652.5 5,6883
13.4
-5.0
28.3
9.0 -30.8 -34.2
-17.5
2,072.7 2,1433 2446.6 2,170.4 2,145.0 2,136.0 2,150.6 2,172.9
2.044.4 2,148.3 2.133.1 2.161.4 2.175.9 2.170.2 2,190.7 2,190.4
28.3
906.6
894.7
11.9
-5.0
13.4
9.0
-30.8
-34.2
-40.0
-17.5
928.0
939.1
-11.1
930.1
930.1
0
953.2
943.4
9.8
908.7
941.2
-32.5
876.3
918.5
-42.2
897.6
9383
-40.7
922.5
934.7
-12.2
1,166.0 1,215.3 1.216.4 1.217.2 1.236.3 1.259.7 1,253.0 1.250.4
1,149.6 1,209.3 1.203.0 1.218.0 1.234.7 1,251.7 1052.3 1,255.7
-.8
-5.3
16.4
6.0
13.4
1.7
8.0
Services
2,889.6
3,046.4
3,081.6
2.67U 2,864.5 2,834.2
2,943.0 3,004.0
Structures
..._
415.4 416.4
454.6
456.9 457.4 462.5
4393 417.7
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
340.8
Table 1.4.—Gross National Product by Major Type of Product in
Constant Dollars
[Billions of 1982 dollars]
[Billions of dollars]
1989
655.3
„
Final sales
„
Change in business inventories
Durable goods
Final sales
-.:..
Change in business inventories
Nondurable goods
..........„„„
Final sales
Change in business* inventories
Services . . . . .
1991
IV
I
L °
III
4,117.7 4,1573 4,155.1 4,170.0 4,153.4 4,124.1 4,118.9 4,143.1
Gross national product
Final sales
Change in business inventories
Goods
III
4,094.0 4.160.9 4,145.6 4,1653 4.179.8 4,149.0 4,152.2 4.158.2
23.8
-3.6
4.7 -26.4 -25.0 - 3 3 3 -15.1
9.5
13294 1,8293 1,8313 1339.7 1321.0 1,7974 1,7874 1306.9
1,805.7 1.832.9 1,821.8 1.835.0 1,847.4 1,822.5 1.820.8 1.821.9
23.8
-3.6
4.7 -26.4 -25.0 -33.3 -15.1
9.5
907.5 920.6 919.1 941.1 908.0 876.9 887.0 909.4
897.7 930.1 919.5 932.9 936.0 911.5 921.5 919.6
9.8
-9.5
8 3 ^28.1 -34.6 -34.5 -10.2
-.3
922.0
908.0
13.9
908.7
902.8
5.9
912.2
902.4
9.8
898.5
902.1
-3.6
913.0
911.4
K6
920.6
910.9
9.7
900.5
8993
1.2
897.4
902.3
-4.9
1,915.6 1,961.0 1,9524 1,9673 1,980.7 1,993.0 2,002^ 2,007.9
372.7 366.9 371.2 363.1 351.7 333.6 3293 3283
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
SURVEY OF CURRENT BUSINESS
October 1991
Table 1.5.—Relation of Gross National Product, Gross Domestic Purchases,
and Final Sales to Domestic Purchasers
Table 1.6.—Relation of Gross National Product, Gross Domestic Purchases,
and Final Sales to Domestic Purchasers in Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at ann ualratjs
1989
1990
1990
II
III
1989
1991
IV
I
n
5,200.8 5,465.1 5,4433 5,514.6 5,5273 5,557.7 5,612.4 5,670.8
Gross national product
Less: Exports of goods and servicesl ....
Plus: Imports of goods and services] ....
Equals: Gross domestic purchases 2 ....
626.2
672.3
659.7
684.6
672.7
714.1
697.4
726.2
694.5
681.0
700.8
682.6
693.5
694.9
5,246.9 5,496.4 5,468.2 5355.9 5,556.1 5^44.2 5 4 9 4 3 5,672.2
Less: Change in business inventories
Equals: Final 3sales to domestic
purchasers
672.8
704.0
28.3
-5.0
13.4
9.0
-30.8
-34.2
-40.0
II
HI
-17.5
5,218.6 5401.4 5,454.7 5,546.9 5,586.9 5,578.4 5,6343 5,689.7
1991
1990
1990
III
rv
I
n
4,117,7 4,1573 4,155.1 4,170.0 4,1534 4,124.1 4,118.9 4,143.1
Less: Exports of goods and services' ....
Plus: Imports of goods and servicesl ....
Equals: Gross domestic purchases2 ....
Less: Change in business inventories
593.3 6314 620.1 6304 647.2 648.0 655.1 655.3
647.4 665.3 664.7 677.0 656.0 641.0 667.6 688.1
4,171.8 4,191.1 4,199.7 4,216.5 4,162.2 4,117.0 4,1314 4,175.9
4.7 -26.4 -25.0 -33.3 -15.1
23.8
-3.6
94
Equals: Final sales to domestic
purchasers'
,.........,.,...,.
4,148.1 4,194.7 4,190.1 4,211.8 4,188.6 4,142.0 4,164.8 4,191.0
1. Sec the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
2. Purchases in the United States of goods and services wherever produced.
3. Final sales in the United States of goods and services wherever produced.
1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
2. Purchases in the United States of goods and services wherever produced.
3. Final sales in the United States of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
NOTE.—Percent changes from preceding period for selected items in this table art shown in table 8.1.
Table 1.7.—-Gross National Product by Sector
Table 1.8.—Gross National Product by Sector in Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1989
1990 <
1990
II
Gross national product
Gross domestic product
Business
Nonfann
Nonfarm less housing
Housing
1989
1991
IV
I
II
5,200.8 5,465.1 5,4433 5,514.6 5,5273 5457.7 5,612.4 5,670.8
5,163.2 5,423.4 5,411.7 5,471.7 5,476.5 5402.9 5,568.9 5,628.4
Households and institutions
Private households
Nonprofit institutions
.»......„,
Rest of the world
203.6
10.3
193.3
224.8
10.8
214.0
221.4
10.8
210.6
229.3
10.9
218.4
541.6
168.6
373.0
579.4
178.5
400.9
576.7
179.2
397.5
37.6
41.7
31.6
U
....................•..•*•»..**....•....
Statistical discrepancy
243.7
11.4
232.3
250.9
11.6
239.3
Households and institutions
Private households
Nonprofit institutions
582.8
178.3
404.5
606.3
188.5
417.8
612.0
188.3
423.8
617.1
188.0
429.1
Government
Federal
State and local
42.9
50.8
54.8
43.6
42.4
I
II
....
......
"Z
«
Rest of the world
146.2
9.5
136.6
154.5
9.7
144.8
153.6
9.8
143.7
156.7
9.8
146.9
157.0
9.7
147.3
157.6
9.7
147.9
160.0
9.9
150.1
161.8
9.9
151.9
383.5
126.5
257.0
389.7
127.6
262.1
389.9
128.2
261.7
390.0
127.4
262.7
3914
127.8
263.6
393.0
128.7
264.4
392.6
127.7
264.9
392.0
126.9
265.1
30.2
31.9
US
32.6
38.2
404
32.0
31.0
Addendum:
Gross domestic business product less
housing
3,978.4
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Gross domestic business product less
g
III
3,557.9 3,581.1 3487.2 3,590.8 3466.7 34319 3434.3 3458.3
3,492.9 3,502.5 3,510.3 3414.3 3,485.1 3,445.4 3.442.7 3.467.0
3.196.0 3,200.4 3,208.4 3.211.9 3.182.1 3,141.7 3,138.4 3,162.1
296.9 302.1 301.8 302.4 303.1 303.7 304.3 304.9
81.2
79.7
80.1
81.3
80.2
79.4
80.0
78.8
6.2
114
11.6
.3
-3.7
-2.5
-1.3
-13.8
Nonfarm less housing
237.4
11.1
226.3
rv
4,087.6 4,125.4 4,130.6 4,1375 4,115.2 4,083.6 4,087.0 4,112.1
Business
233.4
11.0
222.4
591.0
179.8
411.2
III
4,117.7 4,1573 4,155.1 4,170.0 4,153.4 4,124.1 4,118.9 4,143.1
Gross national product
Gross domestic product
Housing
1991
1990
1990
Ill
4,418.1 4,619.2 4,613.5 4,659.6 4,652.1 4,659.3 4,713.1 4,760.4
4,346.6 4,527.8 4.522.1 4,571.4 4,562.1 4,559.0 4,601.5 4,651.3
3.915.3 4,068.8 4,067.5 4,106.9 4,093.1 4,086.4 4,124.4 4,168.3
431.2 459.1 454.7 464.4 469.0 472.6 477.1 483.0
93.1
89.6
88.6
93.1
94.6
93.6
92.0
96.2
-1.7
A
-17.0
-4.9
-3.2
15.4
8.2
15.4
Statistical discrepancy
Government
Federal
State and local
III
HI
Gross national product
3,252.6
' NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
SURVEY OF CURRENT BUSINESS
October 1991
Table 1.14.—National Income by Type of Income
Table 1.9.—Relation of Gross National Product, Net National Product,
National Income, and Personal Income
[Billions of dollars]
[Billions of dollar*]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1989
1990
1989
n
1991
1990
1991
1990
1990
III
IV
III
II
I
I
4,2233 4,418.4 4,4113 4,452.4 4,459.7 4,456.4 4,493.2
National income
Gross national product
Less: Capital consumption allowances
with capital consumption adjustment .
Capital consumption
allowances without capital
consumption adjustment
Less: Capital consumption
dj
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: Government transfer payments to
persons .............
Personal interest income
Personal dividend income
Business transfer payments
Equals: Personal income
5,200.8 5,465.1 5,4433 5,514.6 5,527.3 5,557.7 5,612.4 5,670.8
554.4
575.6
571.
579.3
585.1
591.5
595.6
601.3
541.9
540.5
539.3
540.7
543.3
548.0
555.9
567.7
-12.6
-35.1
-31.8
-38.6
-41.8
-43.6
-39.7
-33.7
4,646.4 4,889.5 4,872.2 4,9353 4,942.2 4,966.2 5,016.8 5,069.5
414.0
32.4
-17.0
6.3
440.3
35.0
-1.7
433.0
34.7
-3.2
2.5
3.6
444.9
35.4
-A9
-7.5
451.4
36.0
.4
5.3
461.4
36.7
8.2
-3.5
464.8
37.3
15.4
-6.0
475.4
-15.9
4,2233 4,418.4 4,4113 4,452.4 4,459.7 4,456.4 4,493,2
311.6
445.1
298.3
466.7
306.6
466.2
300.7
468.3
468.4
286.2
460.9
476.8
506.9
503.9
511.3
513.7
527.6
0
604.5
643.2
114.4
32.4
0
659.7
680.4
123.8
35.0
652.0
678.0
122.9
34.7
661.0
685.3
124.9
35.4
679.0
687.9
126.7
36.0
708.7
682.0
126.7
36.7
Wages and salaries
Government and government
e n t e r p r i s e s *++**, ••»«««,»*»***.
Other
."...
'.
2,573.2 2,705.3 2,696.3 2,734.2 2,738.9 2,742.8 2,773.7 2,803.3
,..»-»
532.3
538.4
505.8
538.9
536.1
542.7
548.0
556.5
562.0
568.4
i n s u r a n c e .......•.•.••«.............•-•..•.*«..
263.9
241.9
280.8
258.1
279.7
256.4
282.7
260.0
284.8
263.2
290.3
266.2
292.8
269.2
2962
2722
3793
402.5
401.7
397.9
406.2
404.4
417.0
418.4
48.6
49.9
51.0
42.4
48.8
48.5
51.8
43.2
56.3
-7.7
57.5
-7.6
58.5
-7.6
49.9
-7.6
56.3
-7.5
56.0
-7.4
59.1
-7.3
50.6
-7.4
355.6
329.3
-3.5
29.8
357.4
330.1
-2.2
29.5
355.8
324.8
365.2
335.2
375.2
345.5
Other labor income
Proprietors' income with inventory
valuation and capital consumption
adjustments
Farm
Proprietors' income with inventory
valuation adjustment
Capital consumption adjustment.....
Rental income of persons with capital
consumption adjustment
Rental income of persons
Capital consumption adjustment
721.4
674.3
125.5
37.3
731.0
669.4
126.7
38.0
4,3*4.3 4,645.5 4,622.2 4,678.5 4,718^ 4,735.8 4,784.7 4^24.4
Table 1.10.—Relation of Gross National Product, Net National Product,
and National Income in Constant Dollars
[Billions of 1982 dollars]
Corporate profits with inventory
valuation and capital consumption
adjustments
Less: Capital consumption allowances
with capital consumption adjustment .
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
4,117.7 4,157.3 4,155.1 4,170.0 4,153.4 4,124.1 4,118.9 4,143.1
506.0
519.7
516.5
522.5
527.1
531.7
536.6
542.5
3,611.7 3,637.6 3,638.6 3,647.5 3,626.2 3,592.4 3 ^ 8 2 3 3,600.6
333.4
333.4
332.5
335.5
331.2
327.0
329.9
-13.8
-1.3
-2.5
-3.7
.3
6.2
11.6
332.5
3,292.1 3305.6 3308.6 3315.7 3,294.7 3,259.1 3,240.9
Table 1.11.—Command-Basis Gross National Product in Constant Dollars
[Billions of 1982 dollar;]
Gross national product
Less: Net exports of goods and services
Exports
Imports
Equals: Gross domestic purchases
4,117.7 4,1573 4,155.1 4,170.0 4,153.4 4,124.1 4,118.9 4,143.1
-54.1
593.3
647.4
-33.8
631 5
665.3
-44.6
620.1
664.7
630.*5
677.0
-8.8
647.2
656.0
7.1
648.0
641.0
-12.6
655.1
667.6
-32.8
655.3
688.1
4,171.8 4,191.1 4,199.7 4,216.5 4,162.2 4,117.0 4,131.5 4,175.9
Plus: Command-basis net exports of
Command-basis exportsl
Imports
Equals: Command-basis gross
national product ....
-...
603il
647 4
-29.5
635.8
665 3
-24.2
640.5
6647
-39.2
637.8
677 0
-26.0
630.0
656 0
12.7
653.7
641.0
17.7
685.4
667.6
-1.4
686.8
6881
4,127.4 4,161.6 4,175.5 4,1773 4,136.2 4,129.7 4,149.2 4,174.6
Addendum:
Terms of trade* ..•
101.6
100.7
103.3
101.1
97.4
100.8
104.7
104.8
1. Exports of goods and services deflated by the implicit price deflator for imports of goods and services.
2. Ratio of the implicit price deflator for exports of goods and services to the implicit price deflator for
imports of goods and services 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.
330.7
298.9
-1.0
32.8
352.6
324.3
-1.7
30.0
350.8
320.7
-.2
30.2
1.6
29.4
-.8
.1
30.5
29.9
8.2
6.9
43
S.4
93
5.6
5.4
7.6
64.1
-55.8
61.6
-54.7
58.8
-54.5
63.5
-55.1
64.0
-54.7
59.9
-54.3
60.2
-54.8
62.9
-55.3
311.6
284.4
2983
306.6
300.7
288.9
286.2
286.1
293.3
298.8
298.7
290.3
289.7
284.1
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
307.7
135.1
172.6
123.5
49.1
304.7
132.1
172.5
133.9
38.7
299.3
133.1
166.1
133.0
33.2
318.5
139.1
179.4
135.1
44.3
304.1
126.5
177.6
137.2
40.4
281.5
115.1
166.4
137.5
29.0
279.2
118.6
160.6
136.4
24.2
Inventory valuation adjustment
-21.7
-11.4
-19.8
-13.8
8.1
4.9
2.0
-1.4
-3.5
4.9
.2
-3.2
25.5
-.5
7.7
445,1
466.7
466.2
4683
468.4
460.9
450.8
445.5
176.5
166.1
173.4
161.6
162.4
171.1
165.8
399.4
395.3
400.2
392.0
395.5
409.2
407.3
53.0
32.2
40.5
26.5
25.2
33.6
29.3
346.4
363.0
359.7
365.5
370.3
375.6
378.0
381.0
-21.7
421.1
-11.4
406.6
-.5
-19.8
411.8
-13.8
4092
8.1
4.9
-3.2
Corporate profits with inventory
valuation adjustment
Capital consumption adjustment
Gross national product
539.7
534.5
529.8
518.1
511.3
505.7
476.6
508.0
2,096.6 2,197.2 2,190.6 2,222.9 2,220.8 2,213.0 2,239.1 2,263.6
Supplements to wages and salaries ....
Employer contributions for social
Nonfarm
.,
CTOpnetors income ........••.*....
Inventory valuation adjustment
Capital consumption adjustment
0
0
3,079.0 3,244.2 3,232.5 3,276.9 3,286.9 3,2993 3335.7 3371.7
Compensation of employees
Net interest
t
tM
137.9
6.4
Addenda:
Corporate profits after tax with
inventory valuation and capital
consumption adjustments
Net cash flow with inventory
valuation and capital
consumption adjustments
Undistributed profits with
inventory valuation and capital
consumption adjustments
Capital consumption allowances
with capital consumption
adjustment
Less: Inventory valuation
Adjustment tll4tHtl ,,
„„»„
,
Equals: Net cash flow *
**„,.*.
400.6
401.1
402.4
SURVEY OF CURRENT BUSINESS
October 1991
Table 1.17.—Auto Output
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
Seasonally adjusted at annual rates
1990
1990
1989
1991
n
Billions of dollars
Gross domestic product of
corporate business
Capital consumption allowances with
capital consumption adjustment
..,
Net domestic product
Indirect business tax and nontax
liability plus business transfer
payments less subsidies
Domestic income
Compensation of employees
Wages and salaries
Supplement to wages and
salaries
Corporate profits with inventory
valuation and capital
consumption adjustments
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment ...
Capital consumption adjustment ,
Net interest
Gross domestic product of
financial corporate business
Gross domestic product of
nonfinancial corporate
business
Capital consumption allowances with
capital consumption adjustment
Net domestic product
Indirect business tax and nontax
liability plus business transfer
payments less subsidies
Domestic income
Compensation of employees
Wages and salaries
Supplements to wages and
salaries
Corporate profits with inventory
valuation arid capital
consumption adjustments
Profits before tax
Profits tax liability
Profits after tax
Dividends
..
Undistributed profits
Inventory valuation adjustment...
Capital consumption adjustment
Net interest
3,086.4 3,193.6 3,206.0 3,234.4 3,217.6 3,218.0 3,250.7
346.4 363.0 359.7 365.5 370.3 375.6 378.0
2,739.9 2.835.5 2,846.3 2,869.0 2,847.4 2.842.4 2,872.8
381.0
295.1 313.5 307.6 317.7 321.4 329.5 331.7 339.7
2,444.9 2,522.1 2,538.7 2,551.3 2,526.0 2,512.9 2,541.0
2,058.1 2,140.5 2,140.3 2,167.7 2.163.9 2,157.0 2,179.3 2
1,731.5 1,800.3 1,800.4 1,823.9 1,818.9 1,809.3 1,828.4 1,847.4
340.2
339.8
343.8
345.1
347.7
350.9
260.7 241.4
256.9 247.8
135.1 132.1
121.8 115.7
104.3 .114.8
.8
17.5
-21.7 -11.4
4.9
25.5
126.0 140.2
257.6
250.3
133.1
117.2
109.4
243.1
260.9
139.1
121.8
112.7
9.1
-19.8
2.0
140.5
220.8
236.0
126.5
109.5
121.7
-12.2
-13.8
-1.4
141.2
218.0
213.3
115.1
982
113.2
-15.0
8.1
-3.5
137.9
221.3
118.6
102.8
112.4
-9.7
4.9
2
135.2
245.9
246.0
326.7
7.8
-.5
7.7
140.8
355.1
Auto output
.......
Final sales
Personal consumption expenditures ....
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
Net exports of goods and services
Exports
Imports
Government purchases of goods and
services
Change in business inventories of new
and used autos
Used
Addenda:
l
Domestic output of new autos
Sales of imported new autos2
116.2
126-5
1991
1990
1990
III
IV
n
HI
1413
1333
139.8
95.2
44.6
28.9
59.6
-30.7
-37.0
10.2
47.2
115.6
1223
133.9
89.0
44.9
23.9
54.4
-30.5
-37.9
9.1
47.1
104.1
108.2
111.2
123.1
77.3
45.8
22.9
53.1
-30.1
-37.0
9.3
46.3
117.2
118.4
77.4
41.0
28.6
59.0
-30.4
-31.1
10.4
41.5
118.7
116.9
123.5
78.9
44.6
31.8
63.0
-31.2
-39.7
12.2
52.0
I
1313
128.9
141.4
99.7
41.6
20.3
50.1
-29.8
-34.4
10.0
44.5
131.1
139.8
96.1
43.7
24.8
54.0
-29.2
-35.5
10.4
45.9
128.9
133.8
140.2
97.6
42.6
24.2
52.2
-28.0
-32.4
11.4
43.8
1.6
1.9
1.7
1.6
2.4
2.2
1.3
1.4
2.4
1.6
.8
-4.5
-4.4
-.2
-4.9
-3.8
-1.1
8.0
7.6
.5
-6.7
-6.7
0
-7.2
-6.4
-.7
-8.9
-11.2
2.2
1.8
1.8
0
105.2
57.6
99.7
58.1
103.4
59.1
113.4
58.8
89.3
56.5
83.7
48.5
87.8
54.7
99.1
56.0
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.
6.4
132.8
Table 1.18*—Auto Output in Constant Dollars
[Billions of 1982 dollars)
253.6
265.9
Seasonally adjusted at annual rates
1990
2,854.5 2,952.7 2,960.0 2,979.1 2,964.1 2,956.9 2,984.8
1991
IV
317.8 331.6 329.1 333.4 338.0 342.7 344.8
2,536.7 2,621.0 2,630.9 2,645.7 2,626.1 2,614.1 2,640.0
272.9 289.7 284.2 293.6 297.0 304.5 306.5 313.9
2.263.8 2,331.3 2,346.8 2,352.1 2,329.2 2,309.6 2,333.5
1,902.3 1,983.4 1,982.1 2,004.7 2,000.7 1,991.0 2,010.1 2,031.3
1,599.4 1,667.2 1,666.2 1,685.6 1,680.6 1,668.9 1,685.3 1,702.6
302.9
104.8
120.5
316.3
315.9
319.1
320.2
219.5
229.1
96.3
132.8
117.7
15.2
-11.4
235.8
232.2
97.5
134.7
112.3
22.4
218.8
239.1
100.3
138.8
115.5
23.3
1.8
4.1
128.9
128.6
199.1
217.2
91.9
125.3
124.3
1.0
-13.8
-4.3
129.3
128.4
_ j
322.0
324.8
190.8
78.4
112.4
115.6
-3.2
8.1
-6.5
126.3
199.5
198.1
81.6
116.5
114.6
1.9
4.9
-3.5
123.8
-3.2
1.6
121.6
Capital consumption allowances with
capital consumption adjustment
Net domestic product
Indirect business tax and nontax
liability plus business transfer
payments less subsidies
Domestic income
110.4
104.7
109.0
109.0
113.0
77.4
35.6
19.6
43.6
-23.9
-25.2
8.1
33.3
115.1
81.5
33.6
17.2
41.0
-23.8
-24.7
7.9
32.6
1.4
Used
1073
110.8
113.8
78.8
35.0
19.1
42.2
-23.1
-23.5
8.8
32.3
117.2
113.3
77.2
36.1
23.3
48.3
-25.0
-26.8
7.8
34.6
953
1023
108.0
71.4
36.5
18.6
43.6
-25.1
-26.1
7.4
33.5
83.9
912
98.0
60.4
37.6
16.4
41.5
-25.0
-25.0
6.9
31.9
93.4
93.4
60.1
33.4
20.7
45.8
-25.1
-21.8
7.7
29.6
94.8
93.5
96.7
61.3
35.3
23.9
49.0
-25.1
-28.2
9.1
37.2
1.1
1.6
1.5
2.0
1.8
-43
-4.2
-.1
-3.5
-2.5
-.9
-7.1
-7.2
0
-7.4
-6.7
-.6
-6.5
-8.3
1.8
13
1.3
0
79.5
46.8
82.7
47.7
71.2
64.3
37.9
67.4
42.5
76.6
43.5
Addenda:
Domestic ourput of new autos*
Sales of imported new autos3
Billions of 1982 dollars
Gross domestic product of
nonfinancial corporate
business
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 of goods and services
Exports
Imports
Government purchases of goods and
services
Change in business inventories of new
and used autos
85.1
47.1
91.2
47.7
45.3
1. Consists of final sales and change in business inventories of new autos assembled in the United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and government purchases.
2,503.0 2,506.5 2,519.6 2,514.4 2,4883 2,446.9 2,446.4
303.4 305.7
290.7 298.0
2,212.3 2,208.5 2,222.7 2,215.3 2,187.0 2,143.5 2,140.7
207.0 209.3
213.3 212.8 212.4
1.999.1 1.995.8 2,010.2 2,000.8 1,976.3 1,936.5 1.931.4
308.4
8
SURVEY OF CURRENT BUSINESS
October 1991
Table 1.19.—Truck Output
Table 1.20.—Truck Output in Constant Dollars
[Billions of dollars]
(Billions of 1982 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1989
Truck output*
Final sales
Personal consumption expenditures ....
Producers' durable equipment ............
Net exports of goods and services
Exports
Government purchases of goods and
services
Change in business inventories
1990
1990
1989
1991
11
III
IV
I
II
III
69.6
63.4
69.6
64.6
58.7
48.1
61.8
64.1
68.6
32.8
36.5
-6.6
3.6
10.2
64.7
30.8
34.2
-5.5
3.9
9.4
65.4
30.2
34.1
-5.3
4.3
9.5
65.2
32.1
35.2
-7.1
3.5
10.6
60.9
28.3
32.4
-4.2
4.5
8.7
S6.9
25.2
29.8
-3.7
4.1
7.8 .
60.7
26.7
30.6
-2.8
5.4
8.1
64.9
31.2
33.1
-4.6
4.9
9.5
5.6
6.1
5.2
-8.8
1.1
-.7
5.8
5.3
6.4
5.1
1.0
-13
42
-.6
4.4
-23
t. Includes new trucks only.
Truck output *
Final sales
Personal consumption expenditures ....
Producers' durable equipment
Net exports of goods and services
Exports
Imports
Government purchases of goods and
Change in business inventories
1991
1990
1990
n
in
56.5
50.5
55.8
51.4
46.0
37.5
482
49.1
55.7
26.8
29.7
-5.4
2.9
8.3
51.5
24.2
27.4
-4.3
3.1
7.5
52.4
23.7
27.7
-4.2
3.5
7.7
51.9
25.2
28.3
-5.6
2.8
8.4
47.7
21.9
25.6
-3.2
3.5
6.8
44.1
19.1
23.4
-2.7
3.2
5.9
47.4
20.1
24.4
-2.0
4.2
6.2
49.7
23.3
25.7
-3.4
3.8
7.2
4.7
4.2
5.2
4.1
3.5
4.4
4.8
4.1
.7
-1.0
33
-J
-1.7
-6.6
.8
-.6
n
III
iy
I
1. Includes new trucks only.
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
Seasonally adjusted at annual rates
1989
n
III
rv
11
I
2,573.2 2,7053 2,6963 2,734.2 2,738.9 2,742.8 2,774.0 2,8033
Wage and salary disbursements
Commodity-producing industries ....
Manufacturing
Distributive industries
Service industries
Government and government
enterprises
Other labor income
Proprietors* income with inventory
valuation and capital
consumption adjustments
.....
Rental income or persons with
capital consumption adjustment ..
Personal dividend income
Personal interest income
Transfer payments
Old-age, survivors, disability, and
health insurance benefits
Government unemployment
insurance benefits
Veterans benefits
Government employees retirement
benefits
Other transfer payments
Aid to families with dependent
Other
.'
Less: Personal contributions for
social insurance
Less: Personal tax and nontax
payments
720.6
541.8
604.7
771.4
729.3
546.8
637.2
830.8
476.6
508.0
241.9
258.1
379.3
402.5
48.6
330.7
49.9
352.6
735.3
551.8
642.7
844.9
726.0
546.1
641.9
853,0
713.0
536.7
639.7
860.3
715.9
541.3
645.6
877.7
724.4
549.8
648.8
890.4
505.7
511.3
518.1
529.8
534.9
539.7
256.4
260.0
263.2
266.2
2692
272.2
401.7
397.9
406.2
404.4
417.0
418.4
51.0
350.8
42.4
355.6
48.8
357.4
48.5
355.8
51.8
365.2
43.2
375.2
731.1
548.1
637.3
82?*
82
114.4
6432
636.9
6.9
123.8
680.4
694.8
43
122.9
678.0
686.7
8.4
124.9
6853
696.4
93
126.7
687.9
715.1
5.6
126.7
682.0
745.4
5.4
125.5
6743
758*
7.6
126.7
669.4
769.0
325.3
350.7
347.6
351.1
356.8
372.1
376.9
380.9
14.7
17.3
18.2
17.9
17.3
17.9
18.2
17.9
20.9
17.9
24.2
18.0
27.6
18.7
27.3
18.4
90.1
189.5
96.9
211.1
96.0
207.8
96.9
212.3
98.6
220.9
105.0
226.1
103.4
232.2
104.4
238.1
18.0
171.6
19.8
191.3
19.6
188.2
19.9
192.4
20.5
200.4
21.1
205.0
21.7
210.5
22.0
216.1
212.8
226.2
224.1
228.6
228.9
2373
239.4
242.2
6583
699.4
696.5
709.5
716.6
714.6
716.6
3,725.5 3,946.1 3,925.7 3,969.1 4,001.9 4,0213 4,068.1 4,107.7
Less: Personal outlays
3,553.7 3»766.0 3,730.6 3302.6 3,834.4 3,852.5 3,898.0 3,9500
Personal consumption expenditures ....
Interest paid by consumers to
business
.
Personal transfer payments to
EQUAIS: Personal savins
3,450.1 3,657.3 3,622.7 3.693.4 3.724.9 3,742.8 3,789.0 3,841.8
*„..
102.2
107 8
107 5
1079
108 5
108 6
107 8
14
9
4
13
10
12
1 I
14
171.8
180.1
195.1
166.5
167.5
168.7
1702
157.7
1067
Addenda:
Disposable personal income:
Total, billions of 1982 dollars
Per capita:
Current dollars
...—.
1982 dollars
Population (mid-period, millions) ...
2.869.0 2,893.5 2,902.8 2,898.0 2,872.4 2,861.9 2,877.9 2,892.5
Personal saving as percentage of
disposable personal income
14,973 15.695 15,639 15.765 15,849 15,887 16,035 16,145
11,531 11,509 11,564 11.511 11,376 11,307 11343 11,369
248.8 251.4 251.0 251.8 252.5 253.1 253.7 254.4
4.6
4.6
5.0
4.2
4.2
4.2
4.2
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Personal consumption
expenditures' ...........
Durable goods
Motor vehicles and parts
Furniture and household equipment .
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Other nondurable goods ..
Pucl oil und co&l
Other
3,450.1 3,6573 3,622.7 3,693.4 3,724.9 3,742.8 3,789.0 3341.8
474.6
4803
215.5
171.4
87.8
213.0
176.4
90.9
3.8
4823
212.4
176.8
89.3
468^
4553
91.3
190.9
174.2
90.2
187.8
176.5
89.4
196.8
178.9
91.8
1,130.0 1,193.7 1,179.0 1,205.0 1,216.0 1,212.7 1,221.7 1,229.5
636.7 642.8
595.3 624.7 623.3 629.8
213.3 218.4 221.8
204.6 213.2 212.6
90.8
93.9
84.5
93.8
83.8
246.3 261.9 258.6 265.4 265.6 268.7 269.7
16.8
17.7
19.6
17.4
18.5
17.7
19.3
256.0
228.7 243.4 241.2 245.7 246.3 251.0
1,845.5 1,9833 1,9653 2,0062 2,040.4 2,074.8 2,113.6 2,144.9
Services >
Housing
Household operation
Electricity and gas
Other
Transportation
Medical
care
Other1
533.9
206.3
97.7
108.6
126.4
434.3
544.5
569.5
211.3
96.4
115.0
136.6
483.4
582.5
563.6
211.9
97.5
114.4
135.2
475.8
578.9
575.8
212.7
96.4
116.3
137.4
491.5
588.7
582.1
215.5
99.1
116.4
141.5
503.8
597.6
587.1
216.1
98.1
118.0
145.0
515.2
611.4
592.5
221.9
101.1
120.7
146.8
529.8
622.7
600.0
221.4
99.0
122.4
150.0
543.6
629.9
1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
Table 2.3.—Personal Consumption Expenditures by Major Type of Product
in Constant Dollars
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
1989 ' 1990
Personal consumption
expenditures'
Durable goods
Motor vehicles and parts
Furniture and household equipment ...
Other
Nondurable goods
.„....,..„....
Food
Clothing and shoes
Gasoline and oil
Other nondurable goods
Fuel oil and coal
Other
Services»
Housing
„
Household operation
Electricity and fas ..
.
Other
I
Transportation
Medical
care
. ......................
Other1
1991
1990
n
716.7
Equals: Disposable personal income ...
.
1991
1990
III
4,3843 4,645.5 4,622.2 4,678.5 4,718.5 4,735.8 4,784.7 4,824.4
Personal income
Nonfaim
1991
1990
1990
III
IV
I
11
III
2,656.8 2,681.6 2 , 6 7 0 2,696.8 2,673.6 2,663.7 2,680.5 2,7053
428.0 427.4 426.8 429.5 415.6 402.9 401.4 410.4
181.4
175.0
71.6
177.7
1793
70.4
177.8
180.0
69.0
179.6
179.7
70.2
169.4
176.3
69.9
157.2
177.6
68.2
153.9
180.5
66.9
159.6
1818
68.1
919.9
911.1
911.2
916.4
901.2
897.1
9022
908.7
462.9
172.7
96.7
187.7
21.9
165.7
457.4
172.6
94.8
186.3
19.2
167.1
459.3
171.3
93.9
186.8
20.4
166.4
459.4
174.4
94.4
188.3
21.0
167.2
453.6
170.6
94.6
182.3
16.7
165.7
453.5
167.0
93.1
183.5
17.6
165.9
453.3
171.1
94.5
183.3
18.6
164.7
458.0
172.7
94.0
184.0
19.0
165.0
1309.0 1343.1 1340.8 13503 1356.7 1363.7
372.1 377.1
167.6 167.8
84.1 ' 81.4
83.4
86.3
96.9 100.3
286.1 301.5
386.4 396.5
376.9
168.5
82.4
86.0
99.7
299.3
396.4
377.2
170.1
82.7
87.4
100.9
304.6
398.0
1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
378.1
169.6
82.8
86.8
102.0
307.3
399.7
378.1
166.1
79.8
86.3
101.2
309.8
408.5
13763 13862
379.2
170.3
82.9
87.4
103.0
313.0
411.4
380.0
170.1
82.4
87.7
104.4
317.1
414.6
SURVEY OF CURRENT BUSINESS
October 1991
Table 3.2.—Federal Government Receipts and Expenditures
Table 33.—State and Local Government Receipts and Expenditures
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1989
n
Receipts
1,052 9
Personal tax and nontax receipts
Income taxes
Estate and gift taxes ............................
Nontaxes
464.0
453.1
9.0
1.8
Corporate profits tax accruals .................
Federal Reserve banks
Other
110.4
21.6
88.8
IV
III
109.2
22.1
87.1
114.2
23.6
90.6
Indirect business tax and nontax
Excise taxes
Customs duties
Nontaxes
58.4
34.1
17.5
6.8
I..
„..
60.5
36.5
17.3
6.7
61.0
36.7
17.5
6.7
420.1
1,187.2
Expenditures
Purchases of goods and services
National defense
.................
Nondefense
471.9
458.6
13.4
Transfer payments
To foreigners
61.7
37.3
17.5
6.8
446.7 444.0 450.6
1275.7 1,271.7 1271.6
424.0 421.9 425.8
400.0
313.6 309.6 312.6
301.1
110.4 112.3 1132
98.9
Contributions for social insurance
.......................
511.4
496.8
14.6
Grants-in-aid to State and local
&OVemmerttS
........a...................
118.2
131.4
Net interest paid
Interest paid
.....
To persons and business
To foreigners
172.0
191.7
155.7
36.0
186.3
206.4
167.7
38.8
20.2
19.6
Less; Interest received by government
Subsidies less current surplus of
government enterprises
Subsidies
Less: Current surplus of government
enterprises
..
Less: Wage accruals less disbursements
Surplus or deficit (-), national
income and product accounts ..
Social insurance funds
Other
n
I
510.4
491.4
18.9
513.2
496.1
17.0
104.1
22.7
81.4
497.1
483.4
11.7
2.0
97.6
21.4
76.2
72.7
72.8
71.9
49.3
49.1
48.9
16.6
16.0
16.6
6.9
6.8
7.1
452.3 465.5 469.5 475.0
1310.8 1,261.4 1323.1 1337.1
437.6 443.8 449.7 436.8
325.0 331.2 325.7 318.7
112.6 112.6 124.0 118.1
518.5 462.2 509.4 5433
509.3 534.3 541.8 546.3
9.2 -72.1 -32.4
-3.0
135.8
193.0
213.8
174.1
39.7
18.7
20.8
143.7
194.3
215.9
176.8
39.1
21.5
151.0
197.6
218.7
179.8
38.9
21.1
152.0
199.8
220.8
181.9
38.9
21.0
25.0
27.9
22.7
26.9
23.8
25.6
13.1
17.3
25.9
32.3
17.4
29.5
15.0
29.2
5.2
20.4
28
0
42
1.9
0
42
6.4
12.1
15.2
0
0
0
14.2
-.4
0
-1343 -166.0 -166.0 -145.7 -1843 -126.9 -1S4.6
65.2
55.9
56.3
67.5
64.0
64.0
63.8
-198.1 -230.0 -230.0 -213.2 -249.5 -182.8 -240.8
Persona] tax and nontax receipts
Income taxes >.
Nontaxes
Other
„
Corporate profits tax accruals .................
Indirect business tax and nontax
accruals
64.6
40.4
17.5
6.7
129.8
189.8
210.4
171.4
39.0
20.6
131.5
184.3
203.0
164.3
38.7
95.0
22.2
72.8
n
Receipts
Sales taxes
Property taxes
Contributions for social insurance ..........
Federal grants-in-aid
......................
Expenditures „..„.„.....,.
......
Purchases of goods and services ............
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 cntcipriscs ««**•»#.••-•*•••"•«
Subsidies
Less: Current surplus of government
enterprises
Less: Wage accruals less disbursements
0
Surplus or deficit (-), national
income and product accounts
Social insurance funds
Other
!
!""....."
III
IV
817.5
827.8
844.7
m
...........
211.1
107.8
86.3
17.0
22.4
2133
217.1
219.5
108.1
87.9
17.3
20.1
109.9
89.6
17.5
21.0
1103
91.4
17.8
386.7
388.7
185.2
153.7
47.8
61.4
183.7
156.0
48.9
62.1
392.9
185.6
158.5
48.8
62.8
402.6
192.2
161.1
493
63.4
151.0
8062
8173
701.6
423.8
277.8
708.7
429.1
279.6
-43.7
67.6
1113
112
749.9
194.8
800.5
206.6
792.2
204.4
808.6
209.4
101.7
77.6
15.6
1062
83.8
16.6
23.6
105.0
83.0
16.5
23.9
108.0
84.7
16.7
355.6
170.9
139.9
44.7
378.6
372.5
181.4
150.1
472
56.7
1182
602
131.4
177.5
143.8
46.3
59.9
383.9
184.2
151.4
48.2
703.5
625.6
373.0
252.6
765.1
674.1
400.9
273.2
145.9
-402
59.1
993
9.1
162.9
-41.6
160.6
-41.4
63.0
104.6
10.1
615
103.9
-18.8
-20.3
.8
-20.1
24.7
19J
0
46.4
66.4
-19.9
1991
1990
1990
III
1,109.7 1,105.8 1,125.9 1,126.5 1,134.5 1,138.5
492.8 492.1 500.0 505.5 501.3 499.5
479.1 474.3 487.0 493.2 488.5 486.0
10.3
11.5
11.1
15.7
11.7
10.8
2.1
2.0
2.0
2.0
2.0
2.0
108.5
22.6
86.0
1989
1991
1990
1990
24.9
131.5
753.6
60.7
129.8
769.4
664.6
677.0
397.5
267.1
404.5
272.6
164.9
n
I
135.8
143.7
791.8
797.8
697.7
695.3
4112
284.0
169.7
-422
417.8
279.8
174.4
10.5
10.8
-20.5
.8
-20.9
.8
-21.0
.8
-21.1
.8
-20.6
.8
21.0
0
20.9
21.3
213
21.7
21.7
0
0
0
0
0
21.9
0
35.4
69.4
-34.0
38.6
69.1
-30.4
393
69.8
-30.5
25.7
30.0
71.1
-41.0
38.6
71.6
-33.1
10.0
64.6
106.8
70.4
-44.8
-42.6
65.6
1082
[Billions of dollars]
[Billions of 1982 dollars]
Iseasonally
Seasonally adjusted at annual rates
1989
1991
Government purchases of
goods and services
1,025.6 1,098.1 1,086.4 1,102.8
400.0 424.0 421.9 425.8
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
1,141.5 1,1513 1,145.5
437.6
443.8
449.7
325.7
88.2
11.3
220.9
131.5
87.1
44.4
301.1
80.9
10.4
203.3
119.0
78.8
402
84.3
6.4
.98.9
5.3
1.4
313.6
85.1
13.0
209.2
124.4
82.5
41.8
84.8
6.3
110.4
5.7
4.4
309.6
81.7
11.6
209.6
124.0
822
41.8
85.6
6.7
1123
5.6
5.6
312.6
86.6
11.9
207.5
1243
82.4
41.9
832
6.6
1132
5.8
72
325.0
93.6
18.4
207.3
125.8
83.5
422
81.5
5.7
112.6
6.0
4.8
3312
91.6
15.6
218.9
132.1
88.1
44.1
86.7
5.1
1116
5.7
3.7
-5.3
6.7
85.1
49.5
35.6
7.0
625.6
-2.4
6.8
91.9
54.1
37.8
8.3
674.1
-1.9
7.5
92.8
55.2
37.6
83
664.6
.4
6.8
92.1
54.1
38.1
8.1
-1.4
62
92.9
54.1
38.8
8.9
-1.5
52
94.3
563
37.9
8.9
33.0
53.9
506.6
400.9
105.7
80.5
32.7
51.5
5023
397.5
104.8
78.0
677.0
33.4
54.1
510.6
404.5
106.1
78.9
6953
30.5
49.9
472.4
373.0
99.4
72.9
33.9
57.9
519.4
4112
108.1
436.8
843
53
11.6
218.0
130.9
86.3
44.6
87.1
4.8
6.3
11.4
6.3
5.0
-1.8
6.9
97.1
57.1
40.0
9.7
697.7
4.8
6.6
95.9
56.8
39.1
10.5
701.6
34.5
54.5
5283
417.8
110.5
80.3
34.7
53.2
5352
423.8
111.5
78.5
89.4
723
708.7
34.4
53.4
541.1
429.1
Government purchases of
goods and services
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
Compensation of employees
Other services
Structures .'.............
adjusted at annual rates
1990
1990
n
Federal
.8
59.4
Table 3.8B.—Government Purchases of Goods and Services by Type
in Constant Dollars
1990
184.7
179.6
-43.1
66.6
109.7
11.0
-41.8
63.6
1053
102
Table 3.7B.—Government Purchases of Goods and Services by Type
1989
152.0
1991
III
rv
I
II
III
819.4
798.1
334.9
820.8
343.7
820.2
822.7
345.9
346.0
8323
349.9
349.5
833.4
3542
2563
81.5
13.1
156.7
89.6
59.8
29.9
67.1
5.0
258.7
84.5
14.7
154.7
89.1
59.5
29.6
65.6
4.7
256.5
81.5
14.7
155.2
88.8
592
29.6
66.4
5.1
258.2
86.6
13.8
152.9
89.0
593
29.6
64.0
4.9
265.7
90.7
18.4
152.4
89.7
60.1
29.6
62.7
43
267.5
89.9
17.5
1562
90.6
61.0
29.6
65.6
3.8
259.4
86.1
13.3
156.0
89.6
60.0
29.7
66.4
3.9
78.7
5.9
12
85.0
63
3.9
89.4
62
7.6
87.8
63
7.0
84.2
6.6
2.4
82.0
6.6
94.9
6.8
111
340.8
254.1
83.3
14.5
152.9
88.7
59.0
29.7
64.2
33
86.6
7.1
3.9
-4.7
5.9
658
36.9
28.9
5.8
-1.8 '' I.I
6.5
5.7
689
68.1
39.4
38.5
29.5
29.6
6.7
6.7
1.3
5.7
68.0
38.4
29.6
6.5
-2.5
5.0
68.1
38.1
29.9
7.1
-1.5
2.9
67.0
38.1
29.0
7.1
6.8
53
67.7
38.1
29.5
$2
-1.6
5.5
681
382
29.9
7J
829.6
„„
4632
477.1
4743
476.7
4814
480.1
479.1
478.7
Durable goods
„
„..
Nondurable goods
Services
Compensation of employees
Other services
„..„
Structures
....„„..
262
48.3
3297
257.0
72.7
59.0
27.7
49.1
335.8
262.1
73.7
64.4
27.6
49.0
335 2
261.7
73.6
62.5
27.9
492
336.5
262.7
73.8
63.0
282
49.4
337.7
263.6
74.0
67.2
28.3
49.5
338.6
264.4
74.2
63.7
28.4
49.6
3392
264.9
74.3
61.9
28.0
492
338 9
265.1
73.8
615
State and local
SURVEY OF CURRENT BUSINESS
10
October 1991
Table 3.9.—National Defense Purchases of Goods and Services
Table 3.10.—National Defense Purchases of Goods and Services in Constant
Dollars
[Billions of dollars]
[Billions of 19S2 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1989
II
National defense purchases
Durable goods
Aircraft .
Missiles
Ships
Vehicles
Electronic equipment
Other .
Other durable goods
,
Nondurable goods
Petroleum products
Ammunition
,
Other nondurable goods
Services ....
....,.,..„
,
.
2
Weapons support
Personnel support*
Transportation of materiel
Travel of persons
Other
Structures
.........
IV
309.6
81.7
73.0
25.2
14.2
10.6
3.8
5.8
13.4
8.7
11.6
5.2
3.9
2.5
312.6
S6.6
325.0
93.6
82.7
30.8
15.7
12.3
3.5
5.7
14.7
10.9
18.4
331.2
91.6
79.0
25.3
17.4
10.5
3.3
6.3
16.2
12.7
15.6
10.8
4.9
2.7
7.3
4.9
3.4
209.6
2033
75.8
26.6
15.1
10 8
3.6
6.1
13.5
9.4
13.0
6.4
4.0
2.5
209.2
124.4
82 5
41 8
84.8
124.0
82.2
41.8
85.6
207.5
124.3
82.4
41.9
83.2
207.3
125.8
83.5
42.2
81.5
218.9
119.0
78 8
402
84.3
132.1
88.1
44.1
86.7
131.5
87.1
44.4
89.4
31 1
25.0
8.8
11.5
3.8
42
-.1
33 3
207
8.2
11.8
5.4
5.1
2
34.2
21.6
8.7
11.6
4.4
4.7
.4
33.2
19.6
7.7
11.6
5.7
5.2
0
31.8
17.0
7.3
11.7
7.3
6.0
.3
30.9
20.6
8.7
12.4
7.5
6.2
.3
32.6
20.2
9.0
14.1
7.3
6.1
0
32.5
20.0
8.8
14.8
5.6
5.4
.1
6.4
63
3.7
2.6
6.7
6.6
S.7
4.8
3.9
2.6
3.0
2.7
5.1
2.5
2.6
S3
4.0
2.7
2.8
2.5
2.7
2.1
313.6
85.1
77.3
25.8
15.8
10.2
3.8
6.1
15.5
9.4
11.9
5.3
3.9
2.7
II
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 durable coods
Nondurable goods
Petroleum products
Other nondurable goods
Services
Compensation of employees
Military
Civilian
Other services „„..»,+
*.*.***»**•***.*.*»+*•
Contractual research and
development
l
Installation support
Personnel support3
Transportation of materiel...............
Travel of persons .............................
Other
Structures
Military facilities
Other
1991
1990
1990
III
318.7
84.3
73.4
24.2
13.3
10.0
3.8
6.2
15.8
10.9
11.6
5.4
3.1
3.1
218.0
130.9
86.3
44.6
87.1
4.1
2.4
Military facilities
Other
II
^1
III
325.7
88.2
77.0
25.9
14.2
10.5
3.7
6.8
15.9
11.2
1U
4.0
4.0
3.3
220.9
301.1
80.9
71.6
26.6
130
99
36
6.4
12.2
9.3
10.4
4.3
3.5
2.7
Compensation of employees
Military
Civilian
Other services
Contractual research and
development....
1989
1991
1990
1990
256.5
III
IV
2583
86.6
265.7
90.7
76.8
28.8
17.2
9.5
3.7
5.1
12.5
14.0
18.4
n
I
III
267.5
89.9
73.3
23.7
18.9
8.1
3.3
5.6
13.6
16.6
17J
9.2
5.6
2.7
156.2
90.6
61.0
29.6
65.6
259.4
86.1
70.8
24.1
15.7
8.0
3.7
6.1
13.2
15.3
133
6.6
4.1
2.6
156.0
89.6
60.0
29.7
66.4
254.1
833
67.6
22.4
15.0
7.7
3.8
5.6
13.2
15.7
145
8.5
3.5
2.5
152.9
88.7
59.0
29.7
64.2
24.3
12.4
5.7
7.9
7.2
5.0
.2
23.3
14.7
6.8
8.3
7.2
5.2
24.2
14.4
6.9
9.3
6.7
5.1
0
24.1
14.2
6.7
9.7
5.0
4.4
.1
4.9
43
3.8
3.9
3.5
2.9
2.0
2.2
2.1
1.8
2.0
2.0
1.9
1.9
1.6
256.3
81.5
69.6
26.8
14.5
7.9
39
5.8
10.6
11.9
13.1
7.4
35
2.2
156.7
258.7
84.5
72.1
26.3
16.3
8.4
39
5.5
11.5
12.5
14.7
8.5
4.2
2.0
154.7
81.5
69.7
25.3
15.3
8.3
4.1
5.2
11.5
11.8
14.7
8.7
4.0
2.0
155.2
89.6
59 8
29.9
67.1
89.1
59 5
29.6
65.6
88.8
59.2
29.6
66.4
24 9
18.8
7.2
8.2
4.1
3.9
-.1
25.9
15.1
6.5
8.0
5.5
4.4
.2
25.6
14.1
6.1
7.7
5.8
4.5
0
5.0
4.7
26.8
15.7
6.9
8.0
4.6
4.1
.3
5.1
3.1
1.9
2.7
2.0
3.0
2.1
74.1
26.1
17.0
8.0
4.2
5.5
13.3
12.5
13.8
7.4
4.2
2.2
152.9
89.0
59.3
29.6
64.0
11.1
5.2
2.1
152.4
89.7
60.1
29.6
62.7
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.
3. Includes compensation of foreign personnel, consulting, training, and education.
Table 4.2.—Exports and Imports of Goods and Services in Constant
Dollars
Table 4.1.—Foreign Transactions in the National Income and Product
Accounts
[Billions of 1982 dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1989
1991
1990
II
1
Exports of goods and services
626.2
626.2
369.9
240.8
129.2
256.3
135.2
121.0
Receipts from foreigner?' ....
Exports of goods and services2
Merchandise 2 2
Durable goods
Nondurable goods
Servicesl
Factor3 income3 *
Other
Capital grants received by the United
Slates (net)
Payments to foreigners6
672.7
672.8
672.8
397.9
262.5
137.4
659.7
395.0
263.2
131.8
264.7
130.5
134.2
393.5
262.0
131.4
279.3
139.6
139.7
697.4
697.4
409.1
266.1
143.0
288.3
694.5
694.5
410.7
263.0
147.7
283.8
145.6
138.3
700.8
424.8
285.0
275.9
693.5
280.1
141.4
272.0
Imports of goods
and services*
Merchandise 2 2
Durable goods
Nondurable goods
Services *
Factor7 income3
Other
Transfer payments (net)
From persons (net)
From government (net)
Interest paid by government to
foreigners
Net foreign investment
672.8
626.2
672.3
480.9
309.6
171.3
191.4
97.7
93.8
502.7
311.6
191.1
201.3
95.7
105.6
14.8
1.4
13.4
15.5
.9
14.6
659.7
684.6
484.1
307.6
176.5
200.5
98.9
19.4
.4
18.9
96.7
109.2
697.4
726.2
520.9
315.4
205.5
205.3
94.0
111.2
694.5
681.0
484.9
302.4
182.5
196.1
90.8
105.3
18.3
1.3
17.0
10.2
1.0
9.2
-70.9
1.2
672.7
316.5
700.8
682.6
487.5
87.4
107.7
-31.3
-72.1
1.1
-32.4
503.4
318.2
185.2
191.5
82.6
108.9
-1.6
1.4
-3.0
36.0
38.8
38.7
39.0
39.7
39.1
38.9
38.9
-96.8
-S5.5
-82.9
-98.7
-78.7
45.3
10.6
-38.7
1. See footnote 5 and the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
2. Estimates beginning with the first quarter of 1986 exclude repairs and alterations of equipment, which
was reclassified to "other" services.
3. Line 7 less line 16 equals rest-of-the-world product as shown in table 1.7.
4. Estimates beginning with thefirstquarter of 1986 exclude nonintcrest income of banks, which was reclassified to "other" services.
5. Estimates beginning with the first quarter of 1986 cover many business, professional, and technical services and incorporate improved measurement of telecommunications services and insurance services; incorporate
new source data on travel and passenger fares; cover foreign students' expenditures in the United States; cover
repairs and alterations of equipment; and cover noninterest income of banks.
6. See footnote 7 and the box on page 21 of ihe July 89 SURVEY OF CURRENT BUSINESS.
7. Estimates beginning with the first quarter of 1986 cover many business, professional, and technical services and incorporate improved measurement of telecommunications services and insurance services; incorporate
new source data on navel and passenger fares; cover U.S. students' expenditures abroad; cover repairs and
alterations of equipment
..
Services1
Factor income3 * . . .
Other3
Imports of goods and services6
Merchandise2 2
Durable goods
Nondurable goods
0
:.
Merchandise2 2
Durable good*
Nondurable goods
Services6
Factor income3
Other7
.
1991
1990
1990
III
IV
5933
631.5
620.1
630.5
647 J!
390.8
268.9
121.9
423.9
296.2
127.7
421.0
296.3
124.6
202.6
105.1
97.5
647.4
207.6
102.2
105.4
418.4
293.4
125.0
201.7
97.4
104.3
664.7
433.8
302.3
131.4
213.4
106.2
107.2
499.3
302.9
196.4
517.0
313.3
203.7
526.5
317.5
209.0
656.0
508.4
317.0
191.5
148.2
74.9
73.2
148.3
70.3
78.0
515.2
310.2
205.0
149.4
72.9
76.5
150.5
70.6
79.9
147.6
68.1
79.5
6653
209.5
103.2
106.4
677.0
I
648.0
441.4
303.8
137.6
206.7
105.3
101.4
641.0
501.7
309.7
192.1
139.2
64.8
74.5
II
III
655.1
6553
455.6
324.0
131.6
199.4
93.5
105.9
667.6
460.0
323.7
136.2
530.5
320.9
209.6
195.3
88.7
106.6
688.1
554.6
344.4
210.3
137.1
61.6
75.5
133.5
57.8
75.7
1. See footnote 5 and the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
2. Estimates beginning with the first quarter of 1986 exclude repairs and alterations of equipment, which
was reclassified to "other" services.
3. Line 6 less line 13 equals rest-of-the-world product as shown in table 1.8.
4. Estimates beginning with the first quarter of 1986 exclude noninterest income of banks, which was reclassified to "other" services.
5. Estimates beginning with the first quarter of 1986 cover many business, professional, and technical services and incorporate improved measurement of telecommunications services and insurance services; incorporate
new source data on travel and passenger fares; cover foreign students' expenditures in the United States; cover
repairs and alterations of equipment; and cover noninterest income of banks.
6. See footnote 7 and the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
7. Estimates beginning with the first quarter of 1986 cover many business, professional, and technical services and incorporate improved measurement of telecommunications services and insurance services; incorporate
new source data on travel and passenger fares; cover U.S. students' expenditures abroad; cover repairs and
alterations of equipment
11
SURVEY OF CURRENT BUSINESS
October 1991
Table 43.—Merchandise Exports and Imports by Type of Product and
by End-Use Category
Table 4.4.—Merchandise Exports and Imports by Type of Product and
by End-Use Category in Constant Dollars
{Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1990
1989
1991
1990
Merchandise exports l
2
Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except autos
Autos
......I
Consumer goods
Durable goods
Nondurable goods
Other1 2
Durable goods' 3 3.„."."!."
.'
Nondurable goods
Merchandise imports 1
Foods, feeds, and beverages
Industrial supplies and materials,
excluding petroleum
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except autos
Autos
Consumer goods
Durable goods
Nondurable goods
Other1
Durable goods l 3 3
Nondurable goods .
369.9
397.9
395.0
393.5
409.1
410.7
424.8
421.5
36.6
96.0
34.3
61.7
138.0
34.7
35.4
19.1
16.3
29.3
14.6
14.6
35.4
102.4
36.0
66.4
153.5
36.3
43.0
23.1
19.9
27.4
13.7
13.7
36.8
97.8
35.0
62.7
154.2
38.5
42.0
22.5
19.5
25.7
12.9
12.9
33.6
100.0
35.8
64.2
151.8
36.1
43.7
24.1
19.5
28.3
14.2
14.2
32.5
111.1
37.4
73.7
155.1
35.9
45.7
23.3
22.4
28.8
14.4
14.4
36.3
110.2
36.0
74.2
155.0
32.9
45.7
23.9
21.9
30.5
15.3
15.3
34.4
107.1
37.7
69.5
169.7
39,1
44.3
23.5
20.8
30.2
15.1
15.1
36.0
106.0
36.6
69.4
163.8
41.2
44.4
23.5
20.9
30.1
15.1
15.1
480.9
502.7
484.1
508.1
520.9
484.9
25.1
26.5
26.8
25.5
26.0
25.5
27.9
78.3
42.3
36.0
50.9
113.1
86.0
102.8
55.8
47.0
24.7
12.4
12.4
76.8
38.5
38.3
62.3
117.2
86.2
105.0
55.3
49.7
28.7
14.4
14.4
76.7
38.6
38.1
48.7
115.6
84.9
103.3
54.4
49.0
28.1
14.0
14.0
77.1
38.5
38.6
62.8
116.7
90.4
106.2
56.1
50.1
29.4
14.7
14.7
76.8
37.9
38.9
75.3
121.0
85.6
107.1
56.4
50.7
29.2
14.6
14.6
73.3
35.2
38.1
56.1
120.0
81.6
100.7
51.7
49.0
27.7
13.8
13.8
75.0
35.6
39.4
54.9
121.9
78.2
100.5
52.2
48.3
29.1
14.6
14.6
74.5
35.4
39.1
56.0
122.7
90.0
106.0
56.0
50.0
28.2
14.1
14.1
41.5
328.5
430.0
40.4
357.6
440.4
41.3
353.7
435.5
38.9
354.5
445.3
37.4
371.7
445.6
39.3
371.3
428.8
37.8
387.1
432.6
39.2
Merchandise exports l
503.4
flflfr^rniiticiiiSt
imports
III
IV
I
II
III
390.8
423.9
418.4
421.0
433.8
441.4
455.6
460.0
35.8
92.2
32.8
59.4
176.4
28.9
30.9
17.6
13.4
26.5
13.3
13.3
36.6
97.7
34.6
63.1
193.8
29.6
36.6
20.9
15.7
24.4
12.2
12.2
36.9
95.2
34.1
61.1
196.1
31.4
35.8
20.3
15.5
23.0
11.5
11J
34.9
95.9
34.2
61.7
198.1
29.4
37.3
22.0
15.4
25.3
12.7
12.7
34.7
102.6
35.8
66.8
203.6
29.2
38.3
21.0
17.2
25.4
12.7
117
38.1
103.4
34.0
69.4
208.8
26.3
37.9
21.3
16.7
26.9
13.4
13.4
34.9
103.5
36.1
67.4
223.0
31.1
36.6
20.5
16.1
26.5
13.3
13.3
37.5
104.4
35.2
69.3
222.0
32.6
36.8
20.6
16.2
26.6
13.3
13.3
4993
517.0
515.2
526.5
508.4
501.7
530.5
554.6
23.9
24.8
25.6
23.5
23.7
23.6
24.9
23.2
72.3
39.2
33.1
93.8
143.7
63.8
81.5
46.1
35.4
204
10.2
10.2
72.5
37.1
35.4
95.5
156.4
63.3
81.1
44.8
36.3
23.4
11.7
11.7
72.3
37.0
35.2
96.9
154.3
63.3
79.8
44.0
35.7
23.1
11.5
11.5
73.0
36.8
36.2
100.9
156.1
66.8
82.2
45.8
36.4
24 0
12.0
12.0
72.6
36.6
36.0
83.3
161.7
61.6
81.9
45.3
36.6
23 6
11.8
11.8
68.2
34.0
34.2
87.8
165.8
57.7
76.6
41.1
35.5
221
11.0
11.0
71.6
34.9
36.7
100.9
176.8
55.3
77.5
42.2
35.3
23 5
11.8
11.8
72.2
35.4
36.8
102.2
188.7
63.6
82.0
45.3
36.6
22.7
11.4
11.4
39.6
351.2
405.5
40.1
383.8
421.5
39.9
378.5
418.3
38.6
382.4
425.5
38.3
395.5
425.1
39.5
401.9
414.0
36.8
418.9
429.6
39.3
420.7
452.4
Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
„
Nondurable goods
Capital goods, except autos
Autos
,
Consumer goods
Durable goods
Nondurable goods
.
Other1 2
Durable goods' 3
„„...
3
Nondurable goods
****+***»»*•*•
Foods, feeds, and beverages
Industrial supplies and materials.
excluding petroleum .„
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except autos
Autos
Consumer goods ....«...,...„.„„..„.,....„..„„
Durable goods
Nondurable goods .. ...
Other1 .
. .
Durable goods 1 3
Nondurable goods3
Addenda:
Exports of agricultural products4
Exports of nonagricultural products
Imports of nonpetroleum products .
3
1991
1990
n
111
Addenda:
Exports of agricultural products4
Exports of nonagricultural products ...
Imports of nonpctroleum products
382.3
1. Estimates beginning with the first quarter of 1986 exclude repairs and alterations of equipment, which
was reclassificd to services other than factor income.
2. Beginning with 1987,reexports—thatis, exports of foreign merchandise—are assigned to end-use categories in the same manner as exports of domestic merchandise. For earlier periods, all reexports are included
in the "other" categories.
3. Because no data are available to distribute exports and imports of "other" merchandise between durable
and nondurable goods prior to 1986, or to distribute imports of "other" merchandise for all time periods,
estimates were distributed equally.
4. Includes parts of line 2 and line 5.
1. Estimates beginning with the first quarter of 1986 exclude repairs and alterations of equipment, which
was ^classified to services other than factor income.
2. Beginning with 1987,reexports—thatis, exports of foreign merchandise—are assigned to end-use categories in the same manner as exports of domestic merchandise. For earlier periods, all reexports are included
in the "other" categories.
3. Because no data are available to distribute exports and imports of "other" merchandise between durable
and nondurable goods prior to 1986, or to distribute imports of "other" merchandise for all time periods,
estimates were distributed equally.
4. Includes parts of line 2 and line 5.
NOTE.—Beginning with 1985, the definitions of the end-use categories have been changed. For a description
of the new definitions, see the technical notes in "U.S. International Transactions, First Quarter 1988," SURVEY OF CURRENT BUSINESS 68 (June 1988): 34-39 and 57.
NOTE.—Beginning with 1985, the definitions of the end-use categories have been changed. For a description
of the new definitions, see the technical notes in "U.S. International Transactions, First Quarter 1988," SURVEY OF CURRENT BUSINESS 68 (June 1988): 34-39 and 57.
Table 5.1.—Gross Saving and Investment
[Billions of dollars]
Seasonally adjusted at annual rates
1989
1990
1990
II
Gross saving .....
Gross private saving
Personal saving .,
Undistributed corporate profits with
inventory valuation and capital
consumption adjustments
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Corporate capital consumption
allowances with capital
consumption adjustment
Noncorporate capital consumption
allowances with capital
consumption adjustment
Wage accruals less disbursements
Government surplus or deficit (-),
national income and product
accounts
Federal
State and local
III
1991
IV
I
n
til
691.5
6573
679J
665.9
619.2
697.1
649.1
779.3
171.8
787.9
180.1
806.7
195.1
772.2
166.5
777.8
167.5
793.9
168.7
795.1
170.2
157.7
53.0
49.1
-21.7
25.5
32.2
38.7
-11.4
4.9
40.5
33.2
7.7
26.5
44.3
-19.8
2.0
25.2
40.4
-13.8
-1.4
33.6
29.0
8.1
-3.5
29.3
24.2
4.9
2
-3.2
6.4
346.4
363.0
359.7
365.5
370.3
375.6
378.0
381.0
208.0
0
212.6
0
211.4
0
213.8
0
214.8
0
216.0
0
217.6
0
220.4
0
- 8 7 8 -130.6 -1273 -106.4 —158.6 -96.8 -146.0
-1343 -166!o -166.0 -145J -184.3 -12&9 -184!6
39.3
25.7
38.6
46.4
35.4
38.6
30.0
Capital grants received by the United
States (net)
Gross investment
0
674.4
0
655.6
0
676.1
0
661.0
0
619.6
0
7053
0
664.6
0
646.1
Gross private domestic investment
Net foreign investment
Statistical discrepancy
..........
771.2
-96.8
-17.0
741.0
-85.5
-1.7
759.0
-82.9
-3.2
759.7
-98.7
-A3
698.3
-78.7
.4
660.0
45.3
%2
654.0
10.6
15.4
684.8
-38.7
12
SURVEY OF CURRENT BUSINESS
October 1991
Table 5.8.—Change in Business Inventories by Industry
Table 5.9.—Change in Business Inventories by Industry in Constant
Dollars
[Billions of dollars]
(Billions of 1982 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1989
n
Change in business inventories
Nonfann
,
Change in book value
Inventory valuation adjustmentl
Manufacturing .:
Durable goods
....,
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
-5.0
23.3
51.9
-7.4
16.0
13.0
14.1
-4.6
-4.4
-.2
2.2
2.2
-.1
3.2
11
1.9
0
1.9
1.8
2.6
.4
-.4
.8
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
1.3
.2
1.1
9.2
6.5
3.4
3.1
2.7
-7.9
-7.5
-8.1
.6
-.4
Automotive
Other
Nondurable goods
Other
Durable goods
Nondurable goods
28J
5.0
!..
3.0
-1.4
4.3
4.1
-1.7
5.8
9.0
2.2
6.8
53.9
-47.0
5.4
3.4
2.0
1.8
5.7
-3.9
1.1
6.1
-5.0
.7
-.4
1.1
.8
3.0
3.8
-.9
-2.1
-1.2
-2.3
1.1
-30.8
1.5
-32.4
-2.5
-29.8
-20,7
-12.8
-7.9
4.0
1.2
2.9
6.7
2.2
4.6
-2.7
-1.0
-1.7
-10.8
-14.8
-12.6
-2.2
4.0
-4.9
-6.0
1.1
-52.2
-.5
5.1
3.8
1.2
-2.6
-.9
-1.7
-29.7
-25.7
-21.3
-4.3
-6.3
-9.4
3.1
-35.2
^3.4
-16.4
-20.0
3.7
2.0
-.1
-1.8
1.7
-1.5
.4
1.0
-.4
-2.5
2.1
-14.4
-U.I
-3.3
-13.5
-11.2
-2.3
-.2
1.4
-1.6
.8
1.1
-.3
-1.0
.3
-1.3
1.1
-.1
1.1
-1.2
1.2
-1.9
-2.4
.5
23.8
5.0
Change in business inventories
-17.5
-34.2
18.7
Nonfarm
.
Manufacturing
...........»...»..*...........
Durable goods
Nondurable goods
3.8
4.2
-.4
1.3
2.3
-1.0
Wholesale trade
Durable goods
Nondurable goods
2.5
2.4
0
-12
-A
-1.0
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable coods ...«.(.......................
Nondurable goods
Durable goods
Other
Nondurable goods
...
Other
Durable goods
Nondurable goods
1991
1990
1990
1989
1991
1990
1990
III
4.7
IV
n
I
-3.6
93
1.5
-5.1
-2.1
0
11.6
-28.5
-3.9
-3.9
0
2.4
1.9
.5
1.6
2.2
-.6
.8
-.3
1.1
-2.6
-4.3
1.7
2.9
0
2.9
1.2
-.2
1.4
1.7
.2
15
7.6
5.4
2.8
26
22
4.7
3.7
2.9
.8
1.5
4.9
-3.4
-18.3
-11.3
-7.0
3.2
.7
2.6
-1.3
-8.4
7.1
.6
5.4
5.8
1.6
4.2
-14.0
-15.1
1.1
.9
-.5
1.4
.8
2.4
3.2
-.8
-1.5
-2.5
-.9
-1.6
-9.3
-12.4
-10.4
-2.0
3.1
6.0
3.6
2.5
-3.0
-.7
-2.3
-24.7
-21.3
-17.6
-3.7
-3.4
-1.3
-1.9
.6
-4.1
-5.0
.9
-5.0
-7.8
2.8
-.7
-2.0
1.4
6.9
1.9
2.4
-.5
5.0
-66
-6.3
"6.7
.5
6.8
1.5
5.3
3.0
-1.2
4.1
3.7
-1.4
5.1
-26.4
-25.0
-333
2.1
3.1
-28.1
-6.1
-27.2
-12.7
-16.0
3.3
-12.8
-16.9
4.1
3.0
2.8
.2
1.3
-1.8
3.0
-1.0
.4
.8
-.4
-1.4
III
-15.1
-2.2
-12.9
-11.8
-9.2
-2.6
-.4
1.1
-1.5
1.1
.7
.4
-1.5
.4
-1.9
.8
-.1
.9
-1.0
.9
-1.5
-1.9
.4
1. The inventory valuation adjustment (IVA) shown in this table differs from the IVA that adjusts business
incomes. The IVA in this table reflects the mix of methods (first-in,first-out;last-in, first-out; etc.) underlying
book value inventories derived primarily from Census Bureau statistics. This mix differs from that underlying
business income derived primarily from Internal Revenue Service statistics.
Table 5.10.—Inventories and Final Sales of Business by Industry
Table 5.11.—Inventories and Final Sales of Business by Industry in
Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted quarterly totals
Seasonally adjusted quarterly totals
1990
II
Inventories1
Farm
Nonfarm
Durable goods
Nondurable goods
Manufacturing ..
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Nonmerchant wholesalers ..
Durable goods
...
Nondurable goods
Retail trade
Durable goods
Other
Nondurable goods
..........
.....
.
,
;•
............ .
...>....
.„
..
IV
1
II
„...„. .
Other
Final sales 2
Final sales or goods and structures2
129.6
132.5
132.1
127.6
27.2
27.1
15.4
15 5
11.7
11.7
229.4 230.0
108.8 109.0
51 1 51 8
57.7
57.2
120.7 120.9
127.6 127.0
3833
2163
387.5
218.0
390.2
217.9
391.1
215.7
396.1
217.2
28.0
164
11.6
30.2
163
13.9
234.5
1156
57 2
58.5
118.9
237.0
116.9
58.5
58.4
120.1
29.1
16.1
13.0
235.4
113.8
55.7
58.0
121.6
27.3
15.8
11.5
228.3
107.5
504
57.1
120.8
398 2
2172
2 74
2.53
4.49
2.76
2.56
4.55
2.72
2.52
4.52
267
2.47
4.48
2 62
2.42
4.41
2 59
2.40
4.40
1. Inventories are as of the end of the quarter. The quaner-to-quarter change in inventories calculated from
current-dollar inventories in this 90bIe is not the current- dollar change in business inventories (CB1) component
of GNP. The former is the difference between two inventory stocks, each valued at their respective end-ofquartcr 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 90ble are at quarterly rates, whereas CBI is stated ai annual
rates.
2. Quarterly totals at monthly rates. Business final sales equals final sales less gross product of households
d institutions, government, and rest of the world, and includes a small amount of final sales by farms.
and
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 eoods
*ym
uwiw j w w
911.0
70.0
841.0
478.2
362.8
333.4
217.9
115.5
,
,
194.9
123.6
71.4
„..
>•"
.
...........
Automotive
Other
Nondurable goods
Other
Final sales 2
Final sales of goods and structures3
70.0
842.2
480.3
361.9
334.3
218.6
115.7
195.3
124.8
70.5
905.9
70.9
8993
891.0
71.3
363.4
821.2
456.0
3653
818.0
453.4
364.6
329.4
213.7
326.2
209.7
207.4
125.0
125.7
71.2
121.5
121.7
59.1
59.7
108.3
60.0
25.8
13.7
12.0
25.0
13.6
11.5
25.3
13.1
12.2
24.9
13.2
11.7
1863
89.9
41.7
48.3
96.5
186.2
90.0
41.9
48.2
96.2
186.4
90.0
42.1
47.9
96.4
473.3
329.7
26.2
14.1
12.1
168.9
110.8
58.1
26.4
14.0
12.4
194.8
97.8
47.9
49.9
97.0
195.0
98.4
48.7
49.7
96.6
192.7
95.3
46.1
49.2
97.4
117.9
298.1
182.8
117.6
116.6
298.8
183.2
3.06
2.82
4.60
3.05
2.82
4.60
168.7
109.5
59.3
„
912.1
168.6
108.5
115.3
115.2
114.8
2963
2973
1792
179.2
3.03
2.79
4.61
3.00
2.76
4.58
4.57
Ratio of inventories to final sales
Ratio or inventories to final sales
Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods and structures
1991
1990
in
1,0493 1,070.1 1,061.1 1,046.2 1,038.1 1,030.1
79.4
80.8
76.1
79.1
75 1
77.3
970.2 992.8 985.0 966.8 957.3 955.0
562.0 567.6 559.9 549.4 541.7 538.9
408.2 425.2 425.1 417.4 415.6 416.1
377.8 390.2 383.5 377.5 371.5 368.5
252.5 255.3 251.6 248.5 244.0 241.4
125.4 134.8 131.9 128.9 127.6 127.2
228.2 233.2 234.0 233.4 228.7 229 5
147.1 149.2 150.0 151.0 146.7 147.1
82.4
84.1
82.4
82.0
84.0
81.1
200.2 203.0 205.0 206.1 201.5 2024
1307 132.9 133.9 135.2 131.2 131 6
70.3
71.0
70.1
71.1
70.7
69.5
...
Durable goods ......... ......
Nondurable goods
in
1991
Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods and structures
3.03
2.79
4.56
1. Inventories are as of the end of the quarter. Quaner-to-quancT changes calculated from this table are at
quarterly rates, whereas the constant-dollar change in business inventories component of GNP is stated at annual rates.
2. Quarterly totals at monthly rates. Business final sales equals final sales less gross product of households
and institutions, government, and rest of the world, and includes a small amount of final sales by farms.
13
SURVEY OF CURRENT BUSINESS
October 1991
Table 5.12.—Fixed Investment by Type
Table 5.13.—Fixed Investment by Type in Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1990
Fixed investment
Nonresidential
Structures
Nonresidential buildings,
excluding farm
Public utilities
Mining exploration, shafts, and
wells
Other
742.9
511.9
146.2
746.1
524.1
147.0
104.3
25.7
103.5
25.8
11.1
5.1
ZZZ
Producers' durable equipment .
Information processing and
related equipment
Industrial equipment
Transportation and related
equipment
..
Other
.......".
Residential „
Single-family structures
Multifamily structures
Other
11.7
6.1
1989
1991
1990
IV
745.6
750.7
694.1
516.5
532.8
149.8
729.2
524.0
142.1
139.5
134.9
7023
498.8
125.4
106.1
25.9
98.3
25.9
95.6
26.1
90.9
26.2
81.2
26.3
11.5
6.2
383.0
12.0
6.0
11.9
5.9
364,1
11.5
6.4
11.3
6.6
366.2
373.4
119.1
91.3
122.8
92.6
120.8
121.1
84.5
124.5
82.3
84.0
82.4
80.4
74.5
190.5
87.6
17.7
85.2
86.3
74.4
93.5
73.1
15.7
88.2
101.6
14.0
87.9
10.9
5.9
116.0
93.1
120.2
76.2
80.4
83.2
81.2
79.4
80.7
231.0
116.7
23.3
90.9
20.1
90.9
115.1
20.9
93.1
107.4
19.6
90.9
205.2
99.1
19.1
87.0
694.0
503.6
Fixed investment
Nonresidential
Structures
Nonresidential buildings,
excluding farm
Public utilities
Mining exploration, shafts, and
wells
Producers' durable equipment ....
Information processing and
related equipment
.......
Industrial equipment
Transportation and related
equipment
Table 6.3B.—National Income Without Capital Consumption Adjustment
by Industry
National income without
capital consumption
adjustment
Domestic industries
Private industries
Agriculture, forestry, and fisheries
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities .
Transportation
Communication
Electric, gas, and sanitary
services
Rest of the world'
90.2
92.0
261.7
377.1
647.5
963.4
III
120.9
109.5
6663
506.5
10L8
81.2
21.3
78.6
20.6
79.7
20.7
80.2
20.7
74.1
20.5
71.9
20.5
68.1
20.5
60.6
20.5
15.7
4.1
383.7
16.9
4.8
394.6
15.8
4.7
387.5
16.5
5.0
397.0
17.0
4.8
403.1
16.6
4.7
383.1
15.9
5.0
389.0
15.5
5.1
404.7
179.0 •191.3
71.4
74.9
188.1
70,6
187.9
70.3
200.9
70.3
196.8
66.0
200.9
63.6
213.7
62.0
67.3
64.6
176JJ
87.6
15.9
73.4
64.4
64.5
182.8
91.1
16.6
75.2
74.5
64.2
67.0
64.9
1633
78.2
15.1
70.0
62.3
58.0
151.8
69.3
14.0
68.5
66.6
57.9
152.4
70.2
12.4
69.8
72.2
56.9
159.7
79.5
11.0
69.3
508.4
173.0
84.2
15.4
73.4
498.5
Table 6.18B.—Corporate Profits by Industry
[Billions of dollar]
1989
II
93.3
263.7
377.2
658.5
92.1
266.0
377.3
657.3
652.0
662.0
50.8
93.9
95.4
263.6 266.5
381.3 386.0
651.9 654.6
1,002.5 1,019.5
684.5
Domestic industries
Financial ...
Nonflnancial ,
Rest of the world
, .......
Corporate profits with inventory
valuation adjustment
Domestic industries
„
"L
Manufacturing
Durable goods
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electric and electronic equipment
Motor vehicles and equipment
Other
_
Nondurable goods
Food and kindred products
Chemicals and allied products
Petroleum and coal products
Other
„
„
Transportation and public utilities
Wholesale and retail trade ..............
Other .
Rest of the world
III
IV
I
II
III
3U.6 2983 306.6 300.7 288.9 286.2 284.4
260.7 241.4 257.6 243.1 220.8 218.0 226-5
19.7 21.8 218 24.3 21.7 25.6 27.0
241.0 219.5 235 8 218.8 199.1 192.4 199.5
50.9 56.9 48,9 57.6 68.0 68.2 57.9
„
Financial
Federal Reserve banks
Other
Nonfinancial
1991
1990
1990
1991
1990
91.7
260.4
381.5
643.6
952.5
650.9
Seasonally adjusted at annual rates
4,2285 4,445.8 4,435.4 4,483.2 4,493.8 4,492.2 4,525.2
4,190.9 4,404.1 4,403.8 4,440.4 4,443.0 4,437.4 4,481.6
3,584.9 3,755.7 3,758.8 3,7883 3,781.0 3,758.9 3,797.0
96.0 102.1 102.1 105.4
103.4 104.5
101.0
42.2
41.2
40.4
43.3
48.0
45.8
36.4
225.1 227.7 225.0 215.6 206.2 204.2
225.1
803.8 806.5 819.8 814.7 791.0 773.7 783.6
465.6 461.5 471.5 464.5
430.6 438.5
338.2 345.0 348.4 350.1
343.1 345.1
314.2 328.8 328.3 332.7 331.5 331.8 333.8
136.6 144.0 144.8 145.8 144.7 142.8 143.9
93.5
87.4
92.8
94.6
91.9
95.1
94.6
247.4
360.1
613.8
883.0
648.6
496.8
113.7
692.3
5193
122.4
Corporate profits with inventory
valuation and capital consumption
adjustments
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government and government
enterprises
682.7
519.4
116.4
I
6912
Seasonally adjusted at annual rates
1990
IV
692.3
515.4
120.9
[Billions of dollars]
1989
n
III
693.1
506.1
122.4
63.8
66.1
187.0
93.5
18.7
74.8
Residential
Single-family structures
Multifamily structures
Other
1991
1990
11
III
377.1
1990
„,.
".."".
286.1 2933 29&8 298.7 2903 289.7
235.2 236.4 249.9 241.1 2223 221.4
15.4 18.7 182 21.7 18.8 22.5
20.7 21.5 21.1 22.6 21.7 21.2
1.3
-.8 -2.9
-5.2 -2.8 -2.9
219.8 217.7 231.7 2193 203.4 198.9
96.1 88.8 100.8 91.2 73.1 67.1
37.1 31.1 39.5 30.2 17.2 12.1
2.4
1.4
3.6
6.2
5.4
4.0
2.4
2.0
4.8
6.7
4.9
6.0
5.2
5.8
6.3
6.7
4.7
7.9
4.3
5.9
6.8
6.6
7.4
7.8
-1.9 -7.0 -4.3 -5.4 -11.2 -14.2
13.9 15.6 16.7 14.3 14.1 11.3
59.0 57.7 61.3 60.9 55.8 55.0
14.0 14.2 15.3 15.7 14.8 17.1
21.1 21.3 22.7 22.1 18.6 16.2
8.7 10.5
3.7
4.3
3.7
23.1 17.9 19.6 19.4 13.8 11.1
43.6
38.7
41.4
41.6
41.5
45.9
41.9
44.4
44.6
42.8
39.5
45.9
40.2
42.8
47.4
50.9
56.9
48.9
57.6
68.0
41.9
46.2
43.7
284.1
2263
23.2
20.4
2.8 ::::::
203.0
72.0
16.9
1.4
4.0
5.6
5.0 ::::::::::
-11.0
11.9
55.1
18.4 ::::::;::
18.8
4.8
13.1
43.7
47.6
39.7
57.9
SURVEY OF CURRENT BUSINESS
14
October 1991
Table 7.2.—Fixed-Weighted Price Indexes for Gross National Product
by Major Type of Product, 1982 Weights
[Index numbers, 1982-100]
Table 7.1. -Fixed-Weighted Price Indexes for Gross National Product,
1982 Weights
[Index numbers, 1982=100]
Seasonally adjusted
Seasonally adjusted
1989
II
IV
I
II
131.6 138.4 137.1 139.1 141.5 142.6 143.5 144.2
Personal consumption expenditures
..
.. ......
...
114.3 116.8 116.5 116.7 117.4 118.7 119.2 120.2
123.9 132 3 1303 132 8 136.4 136.6 137.1 136.8
141.7 148.4 147.3 149.3 151.1 153.0 154.4 155.7
Gross private domestic investment
Fixed investment
.....
115.0
112.6
110 3
114.1
123.3
.
Producer' durable equipment
Residential
Change in business inventories
118.1
1160
112.6
118.2
125.5
117.6
115.5
112.2
117.6
125.2
118.4
116.2
113.0
118.2
126.0
119.2
117.3
113.6
119.7
125.8
120.1
118.5
114.3
121.3
125.7
120.5
118.7
114.7
121.3
126.8
121.0
119.1
115.3
121.5
127.6
............
Net exports of goods and services
Exports
Imports
(ji*toss m i t i o n ill p r o d u c t •»••**»«**•«**-*.**+*•
Final s a l e s
•*
*+
Government purchases of goods and services ...
Federal
Nondcfense
State and local
114.4 117.4 116.7 117.6 119.0 120.0 120.5 120.4
109.5 113.9 110.0 113.6 120.1 116.4 114.4 114.5
****
m
129.5 135.4 134.6 136.0 137.5 139.3 140.4 141.1
129.3 135.2 134.4 135.8 137.4 139.1 140.1 140.9
119.7 125.5 124.8 125.9 127.5 128.9 129.7 129.8
Final sales
Change in business inventories
........
110.8 114.2 113.9 114.2 115.1 116.4 117.1 118.0
110.9 114.2 113.9 114.3 115.1 116.3 117.0 117.9
126.0 133.6 132.5 134.1 136.3 137.8 138.7 138.3
125.8 133.3 132.2 133.8 136.0 137.5 138.3 H7 9
Nondurable goods
Final sales
Change in business inventories
143.0 146.6 145.7 147.4 149J 151.5 1518 154.2
117.3 119.5 119.2 119.9 120.2 120.6 121.4 122.1
Structures
122.4
121 8
123.9
136.7
127.3
127.1
127.6
143.3
126.5
126 0
127.6
142.1
127.5
127.2
128.0
144.0
129.2
129.6
128.3
146.3
131.5
131.7
131.2
147.4
131.8
131 7
131.9
148.6
132.5
132 3
133.1
150.2
129.3
129.2
97.8
136.4
135.2
137.1
106.4
142.7
134.4
136.1
100.6
141.9
135.8
137.5
105.5
143.6
137.4
139.2
117.0
145.1
139.1
141.3
109.4
147.1
140.1
143.0
105.2
148.4
140.9
141.7
104.6
149.8
Table 7.3.—Fixed-Weighted Price Indexes for Relation of Gross National
Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers, 1982 We ights
[Index numbers, 1982=100]
Seasonally adjusted
1989
1990
1991
1990
II
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
II
I
119.9 125.8 125.1 126.1 127.7 129.2 130.0 130.1
Goods
Durable goods
Final sales
Chance in business inventories
rv
ni
130.6 136.5 135.5 137.0 139.0 140.7 141.4 142.7
Addenda:
Pin si sslcs
Personal consumption expenditures, food
Personal consumption expenditures, energy
Other personal consumption expenditures
•#
1991
1990
II
Services
.•
1990
m
129.5 135.4 134.6 136.0 137.5 1393 140.4 141.1
Gross national product
Durable goods
Nondurable goods
Services
III
1989
1991
1990
1990
UI
IV
I
II
UI
Less: Exports of goods and services
Plus: Imports of goods and services
129.5 135.4 134.6 136.0 137.5 139.3 140.4 141.1
114.4 117.4 116.7 117.6 119.0 120.0 120.5 120.4
109.5 113.9 110.0 113.6 120.1 116.4 114.4 114.5
Equate: Gross domestic purchases!
129.1 135.2 134.1 135.7 137.8 139.1
Gross national product
139.9
140.7
139.7
2
129.0 135.0 133.9 135.5 137.6 138.9
Equals: Final sales to domestic purchasers
1. Purchases in the United States of goods and services wherever produced.
2. Final sales in the United States of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
140.4
SURVEY OF CURRENT BUSINESS
October 1991
Table 7.4.—Implicit Price Deflators for Gross National Product
[Index numbers, 1982-100]
Table 7.7.—Implicit Price Deflators for the Relation of Gross National
Product, Net National Product, and National Income
[Index numbers, 1982=100]
Seasonally adjusted
1989
1990
1990
II
III
15
Seasonally adjusted
1991
IV
I
II
1989
III
II
Gross national product
........
Durable goods
Nondurable goods
110.9 112.4 112.1 112.3 112.7 113.0 113.0 1139
122.8 131.0 129.4 131.5 134.9 135.2 135.4 135.3
141.0 147.7 146.6 148.5 150.4 152.1 153.5 154.7
. ,
. ........
.......
Gross private domestic investment
126J 131.5 131.0 132.2 133.1 134.8 1363 136.9
129.9 136.4 135.2 137.0 139.3 140.5 141.4 142.0
Personal consumption expenditures
...........
107.2
101.2
119.5
95.3
123.5
Fixed investment
....
Nonresidential
. .
,..,,..
Structures
......
Producers' durable equipment
Residential
„
Change in business inventories
. .........
107.8
101.7
121.6
95.6
125.5
107 9
101.6
121.8
95.3
125.3
108.4
102.6
122.4
96.5
126.0
106.8
100.9
122.1
94.7
125.7
107.0
101.4
122.7
95.0
125.5
106 6 105 4
100.5 98.5
123.2 123.2
94.1 92.3
126.6 127.4
1991
1990
1990
III
IV
I
111
II
1263 131.5 131.0 132.2 133.1 134 JJ 13<S3 136.9
Gross national product
Less; Capital consumption allowances with capital
consumption adjustment
Equals: Net national product
109.6 110.8 110.6 110.9 111.0 111.3 111.0 110.8
128.6 134.4 133.9 1353 1363 138.2 140.0 140.8
Less: Indirect business tax and nontax liability
plus business transfer payments less subsidies
plus current surplus of government enterprises .
132.0 141.8 139.6 145.4 145.6 153.4 154.0 159.2
124.2 129.0 128.6 129.8 130.4 131.9 133.4
Statistical discrepancy
1283 133.7 1333 1343 135.4 136.7 138.6
Equals: National income
Net exports of goods and services
Imports
105.5 106.5 106 4 106.7 107.8 107.2 107.0 105.8
103.8 105.8 103.0 105.5 110.7 106.3 102.2 101.0
. . ......
Government purchases of goods and services ...
Federal
National defense
Nondefense
...
State and local
,
.
...,
128.5 133.8 132.5 134.0 136.1 137.6
119.4 123.3 122.0 123.0 125.1 127.0
117.5 121.2 120.7 121.1 122.3 123.8
125.8 129.8 125.6 128.9 133.8 137.3
135.1 141.3 140.1 142.0 144.1 145.3
138.1 139.8
126.9
125.6
130.7
146.4
128.2
125.4
136.4
'M8.1
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 7.8.—Implicit Price Deflators for Command-Basis Gross National
Product
[Index numbers, 1982=100]
Gross national product
1263
Less: Net exports of goods and services .
Exports
Imports
105.5 106.5 106.4 106.7 107.8 107.2 107.0 105.8
103.8 105.8 103.0 105.5 110.7 106.3 102.2 101.0
131.0 132.2 133.1 134.8 1363
131.8
Equals: Gross domestic purchases
Table 7.5.—Implicit Price Deflators for Gross National Product by Major
Type of Product
[Index numbers, 1982=100]
Gross national product ....
Final sales
Change in business inventories ..
Goods
1263 131.5 131.0 132J 133.1 134.8 1363 136.9
126.3 131.5 131.0 132.2 133.0 134.8 136.1 136.8
113.2 117.2
Nondurable goods
Final sales
Change in business inventories ....
126.5 133.7 133.3
126.6 133.9
99.9 100.8 101.2 101.3 100.1
99.7 101.0
139.4 146.1 145.2
122.6 124.7 124.6 12S.2 124.9 125.2 126.2 126.8
148.6
152.2 153.5
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 7.6.—Implicit Price Deflators for Gross National Product by Sector
[Index numbers, 1982=100]
1263 131.5 131.0 132.2 133.1
1263 131.5 131.0 132.2 133.1 134.8
136.9
130.4
133.8
130.9 132.3 133.7 134.2
128.6
131.8
154.7
158.4
110.3
117.5
130.4 131.9
133.8
Business
on
Nonfarm less housing
Housing
Statistical discrepancy
124.2
124.4
122.5
145.3
112.4
124.2
Households and institutions
Private households
Nonprofit institutions
139.3 145.5 144.2 146.3 148.6 150.6 152.3 155.0
116.9
107.4 110.9 109.9 111.7 113.5
157.5
141.5 147.8 146.6 148.6 151.0 153.0
Government . .
Federal
State and local
141.2 148.7 147.9 149.4 151.0
133.3 139.9 139.8 140.0 140.7
145.1 153.0 151.9 154.0 156.0
155.9 157.4
147.4 148.1
160.0 161.9
133.9 1353 1363
140.8
Z.\
129.0
129.3
127.1
151.9
116.5
129.0
134.4
Rest of the world
128.6
128.8
126.8
150.6
119.1
128.6
129.8
130.1
127.9
153.6
116.1
129.8
Addendum:
Gross domestic business product less housing .
122.3
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
126.0 1313 130.4 132.0 133.6 134.6 1353
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Personal consumption expenditures ,
135.5 135.4 136.8 139.1 139.3
139.2
135.0
Structures
Gross domestic product
Equals: Command-basis gross national product
99.9 101.2 101.4
Services
Gross national product
103.8 105.8 103.0 105.5 110.7 106.2
103.8 105.8 103.0 105.5 110.7 106.3 102.2 101.0
Table 7.9.—Fixed-Weighted Price Indexes for Personal Consumption
Expenditures by Major Type of Product, 1982 Weights
[Index numbers. 1982=1001
118.0 117.8
113.3 117.2
Final sales
Change in business inventories ....
Durable goods
Final sales
Change in business inventories ...,
135.8
134.7
Plus: Command-basis net exports of goods and
services
Command-basis exports
Imports
Durable goods
Other
„
Food
Clothing and shoes
Gasoline and oil
Other nondurable goods
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Transportation
Medical care
Other
144.2
122.6
118.7 120.1 119.6 119.7
104.9 106.6 106.4 106.7 106.9 107.3 107.4 108.3
123.5 130.3 130.4 130.8 131.7 133.3
Motor vehicles and parts
Furniture and household equipment
Nondurable goods
141.5
116.8 116.5 116.7 117.4
.......
,
123.9 1323
1303 132.8
129.2
118.5
86.8
135.5
80.4
142.9
136.1
124.2
90.0
143.2
85.5
150.8
137.1
123.6
99.0
145.6
97.7
152.0
137.5
123.8
99.7
146.3
93.7
153.4
139.2
124.0
115.6
150.8
116.1
155.4
141.3
151.8 152.5 153.9
88.9
100.8
158.4
141.7 148.4 1473 1493
155.7
152.1
123.9
115.7
132.3
138.0
163.7
150.7
128.5
126.0
119.1
119.0 122.1
138.2
133.2
140.7
144.9 146.1
166.4
171.9
152.2 153.2 154.9
142.9
122.6
115.7
129.7
131.9
153.4
143.5
150.4
124.9
117.6
132.4
137.7
162.5
149.7
148.9
124.7
117.3
132.3
136.8
161.1
148.9
Table 7.14.—Fixed-Weighted Price Indexes for Exports and Imports of
Goods and Services, 1982 Weights
[Index numbers. 1982=100]
Exports of goods and services
116.7
119.0
120.4
107.8
112.0
102.3
Merchandise
Durable goods
Nondurable goods
106.2 107.3 106.8 107.0 108.5 10S.6
107.0 109.3
109.4 110.0 110.9
105.2 104.6 104.3 103.9 106.5 105.5
Services
Factor income
Other
126.1 132.0 131.0 132.9 134.3 136.5 137.7 138.6
129.5 135.3
136.2 137.1 139.1 140.8 142.3
120.1 126.1 124.5 126.9 129.3 132.0 132.3 133.1
Imports of goods and services ....
1093 113.9 110.0
120.1
114.4 114-5
Merchandise
Durable goods
Nondurable goods
103.1 106.2
105.5 113.6 108.0
122.5 123.9
120.0 121.0 120.0
85.1 91.3
104.3
104.5
121.9
86.5
Services
Factor income
Other
129.6 136.4 134.7 137.6 139.5 141.2
128.7 134.4 133.9 135.4 136.3 138.3
130.4 137.9 135.3
142.0 143.5
140.8
SURVEY OF CURRENT BUSINESS
16
October 1991
Table 7.15.—Fixed-Weighted Price Indexes for Merchandise Exports and
Imports by Type of Product and by End-Use Category, 1982 Weights
Table 7.16.—Fixed-Weighted Price Indexes for Government Purchases
of Goods and Services by Type, 1982 Weights
[Index numbers. 1982=100]
[Index numbers, 1982=100]
Seasonally adjusted
Seasonally adjusted
1989
1990
II
Merchandise exports ....
Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods ..
Capital goods, except autos
Autos
—
Consumer goods
Durable goods
Nondurable goods
Other
„
Durable goods
Nondurable goods
....
..
Merchandise imports
Foods, feeds, and beverages
Industrial supplies and materials, excluding
Durable EOOdS .......
..........................*.<
Nondurable goods
„
Petroleum and products
Capital goods, except autos
Autos
Consumer goods
Durable goods
Nondurable goods
Other
"...
Durable goods
Nondurable goods
HI
1989
1991
1990
IV
II
I
106.2 1073 106.8 107.0 1083
108.6 108.5 107,8
102.0 96.7
104.0 104.8
104.5 104.0
103.8 105.2
104.7 107.7
120.1 122.5
116.1 119.5
108.6 110.3
121.9 126.8
106.1 107.7
103.8 105.4
108.4 110.1
95.4
106.7
106.0
106.9
109.0
125.1
122.9
112.3
131.2
109.1
106.7
111.5
99.6
102.7
102.8
102.7
107.5
122.5
119.3
111.1
125.8
107.5
105.2
109.9
96.3
104.2
104.8
104.0
107.7
122.6
119.4
110.0
126.7
107.6
105.3
109.9
93.8
108.7
104.5
110.3
108.4
123.0
121.4
110.7
129.8
109.2
106.8
111.5
98.6
103.4
104.3
103.1
109.9
125.8
122.8
114.4
129.5
109.5
107.1
111.9
96.1
101.2
103.9
100.2
110.8
126.5
122.4
114.0
129.0
108.8
106.4
111J2
103.1
106.2 101.7 105.5 113.6 108.0 104.8 1043
105.0
106.8
104.6 108.5
109.4 108.2 112.0 112.0
108.1
107.6
108.6
54.3
116.3
134.7
126.0
121.2
132.8
121.3
121.3
121.3
105.8
103.6
108.1
65.2
119.0
136.1
129.0
123.4
137.1
122.6
122.6
122.6
105.9
103.7
108.0
50.2
118.0
134.2
129.1
123.4
137.1
121.7
121.7
121.7
105.6
103.3
107.9
90.4
121.2
139.0
130.2
124.4
138.4
124.1
124.1
124.1
105.5
104.3
106.7
62.2
119.1
135.4
128.7
122.5
137.6
122.6
122.6
122.6
107.3
103.2
111.4
63.9
122.5
141.4
130.8
125.7
138.0
125.4
125.4
125.4
104.5
101.5
107.4
54.4
121.0
141.4
129.1
123.7
136.8
123.9
123.9
123.9
II
HJ
102.9
99.5
106.3
54.8
120.0
141.6
128.9
123.5
136.5
123.8
123.8
123.8
Government purchases of goods and
services
Federal
National defense
Durable goods
Nondurable goods
Services
Compensation of employees
Civilian ."Z!!!!L'Z«!™«!™"""Z"»"Z
Other services
Smictures .........................................................
Nondefense
Durable goods
Nondurable goods
Commodity Credit Corporation inventory
Services
Compensation of employees
Other services
State and local
Durable goods
Nondurable goods
Services
Compensation of employees
.*.
Structures
Table 7.17.—Fixed-Weighted Price Indexes for National Defense Purchases
of Goods and Services, 1982 Weights
[Index numbers, 1982=100]
1990
1990
II
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
L
Contractual research and development.
Installation support *
Weapons support2
Personnel support1
Transportation of materiel .
Travel of persons
Other
„
„„
126.0
110.9 111.4 110.6
112.2 112.4 112.0
106.9 106.1 105.8
115.3 111.8 111.2
131.7 134.4 133.7
94.1 93.9
91.1
111.1 111.7 111.6
115.4 118.2 117.9
105.4 106.8 104.3
III
76.0
87.5
79.2
113.4
107.6
111.1
135.5
95.3
111.9
119.7
108.7
114.8 114.9
108.6
114.4
136.9 137.5
96.3
112.6
120.8 121.5
107.3 108.1
115.2
108.5
114.2
137.0
104.2
80.6
81.4
121.9
63.5
99.9 81.3
102.8
103.4 102.1 101.8 102.7
126.1 124.3 123.9 123.6
121.7
130.7 137.2 136.6 137.6 138.8 142.9 144.0
132.8 139.6 139.6 139.7 140.2 145.8 146.7
131.9 138.7 138.8 138.8 139.0 144.4 145.3 146.2
75.7
59.7
102.3 1017
119.0 122.9
134.6 141.4
126.6 132.6
124.7 128.9
133.2 139.3
122.0 126.2
163.3 178.6
91.4 95.8
110.3 119.1
173.0
94.0
117.5
130.2 135.9
126.9 129.3
140.4
133.6
143.0
128.8 130.2 129.8 130.3 130.3 131.5
141.5 142.6 148.7 149.8 150.4
133.5 136.0 137.1 138.6 139.0
127.8 129.8 131.1 133.0 135.0
143.7
131.0
185.4
109.7
124.1
131.2
185.9
124.2
1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors
to operate installations.
2. Includes depot maintenance and contractual services for weapons systems.
3. Includes compensation of foreign personnel, consulting, training, and education.
127.1
111.4
87.5
137.2
139.6
138.7
141.4
132.6
133.3
126.0
110.6
79.2
136.6
139.6
138.8
141.2
130.8
131.7
127.2
111.3
85.8
137.6
139.7
138.8
141.5
133.5
134.8
129.6
112.6
104.2
138.8
140.2
139.0
142.6
136.0
135.0
131.7
113.4
91.5
142.9
145.8
144.4
148.7
137.1
136.3
131.7
113.6
80.6
144.0
146.7
145.3
149.8
138.6
136.6
132.3
113.9
81.4
144.6
147.6
146.2
150.4
139.0
138.4
123.9 127.6
104.5 107.7
127.6 128.0 128.3 131.2 131.9 133.1
107.1 108.0 109.3 110.3 110.0 109.6
104.7
130.4
134.5
124.0
119.8
106.9
136.1
140.7
128.9
123.3
107.8
135.6
140.4
128.1
122.7
104.5 110.2
136.5 137.5
140.8 141.8
129.7 130.9
123.7 124.4
103.7
141.7
148.0
132.0
125.2
106.0 106?
142.9 143.8
148.9 149.4
133.5 m.o
125.9 126.6
136.7 1433
142.1
144.0 1463
147.4
148.6 150.2
1204
110.2
151.4
153.1
143.8
124.8
1199
105.5
150.4
152.1
142.9
124.7
1210
110.3
152.3
154.1
144.1
124.9
121.7
117.6
154.4
156.2
146.5
124.9
123.2
110.6
156.6
158.2
149.2
125.5
123.3
107.7
158.4
160.2
150.3
126.4
1174
103.7
143.8
145.3
137.2
123.3
17^7
109.2
160.2
162.1
151,8
127.2
Seasonally adjusted
1363
Military facilities .
Other
„.
126.5 127.5 129.2 131.5 131.8
1989
143.1
129.1
189.0
102.5
123.0
137.0 139.0 140.7 141.4 142.7
135.5
121.8
110.9
76.0
130 7
132.8
131.9
134.6
126.6
128.9
ni
[Dollars]
IV
141.2 142.6
125.9 128.1
180.2 189.5
95.8 99.5
118.9 123.6
II
I
130.6 1363
1991
112.6 113.4 113.6 113.9
1123
105.2
112.5
135.1
94.8
IV
122.4 1273
Current-dollar cost and profit, per unit
of constant*dollar gross domestic
product'
Capital consumption allowances with capital
consumption adjustment
Net domestic product
Indirect business tax and nontax liability plus
business transfer payments less subsidies
Domestic income ......
...........
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
1.140
1.178
1991
1990
1990
129.6 131.7 131.7
127.1
m
Table 7.18.—Current-Dollar Cost and Profit per Unit of Constant-Dollar
Gross Domestic Product of Nonfinancial Corporate Business
Seasonally adjusted
1989
1991
1990
1990
II
m
IV
I
II
1.175
1.185
1.191
1.208
1.220
.127
.132
.131
.133
•136
.140
.141
1.013
1.046
1.044
1.052
1.055
1.068
1.079
.109
.904
.760
.116
.930
.791
.113
.931
.787
.117
.935
.797
.119
.936
.804
.124
.944
.814
.125
.954
.822
.096
.041
.088
.038
.094
.039
.087
.040
.080
.037
.079
.032
.082
.033
.056
.048
.049
.051
.055
.051
.047
.051
.043
.052
.047
.052
.048
.051
III
1. Equals the deflator for gross domestic product of nonfinancial corporate business with the decimal point
shifted two places to the left.
17
SURVEY OF CURRENT BUSINESS
October 1991
Table 8.1.—Percent Change From Preceding Period in Selected Series
[Percent]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
.990
Gross national product:
Cun-ent dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighied price index ..
Government purchases of goods and services;
Current dollars
.....
1982 dollars
Implicit price deflator
Chain pnee index
Fixed-weighted price index
Personal consumption
expenditures:
Current dollarsl
1982 dollars'
Implicit price deflator
Chain price index
Fixed-weighted price index
-1.5
3.5
3.4
3.3
-10.7
-9.5
-1.4
.2
-11.0 -10.8
-12.3 11.7
1.1
1.4
3.5
2.4
2.5
4.3
1.5
0
1.6
1.9
12.6
9.3
3.2
3.2
3.2
Nondurable goods:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
.9
1.0
.5
3.0
2.3
.6
1.4
1.5
2.6
2.9
-.3
-.4
-.8
Services:
Current dollars'
1982 dollars *
'.
".'".
Implicit price deflator
Chain price index
Fixed-weighted price index
6.9
2.1
4.6
4.8
5.1
7.7
3.9
3.7
3.8
35
6.1
2.7
3.2
3.3
3.5
.....
Gross private domestic investment:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
2.8 -11.0
-6.4
..•
-19.0
-9.0
5.4
1.6
r
Producers* durable equipment:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed'weighted price index
.8
2.4
3.2
4.9
9.8
-4.4
.3
1.5
-14.'
-16.3
2.0
3.4
4.3
-1.8
6.6
-7.7
-.6
1.2
-17.9
-18.5
-5.2
-3.3
-2.
15.7
10.2
5.
-12, -25.3
-14. -25.3
0
2.0
1.6
2.0
2.0
1.5
2.1
25
l.i
-7.:
- 1 . -17.4
6.3 -18.4
-7.3
l.:
3.S
3.!
5.4
Imports of goods and services:
Current dollars'
1982 dollars1
~
Implicit price deflator
Chain price index
Fixed-weighted price index .
13.11.1
2.:
2.:
2."
2.:
2.3
2.4
-1.0
-5.1
4.2
6.
1.3
3.2
3.
-6.3
-7.0
8.1
17.1
-7.4
-1.5
.7
1.9
39.1
67.4
-16.8
3.3
3.5
-17.7
-30.7
-10.0
-17.9
3.3
2.4
State and local:
Current dollars
1982 dollars
Implicit price deflator
Chain pnee index
Fixed-weighted price index
18.6
2.9
3.7
4.1
-.3
4.7
4.4
4.5
Final sales:
1982 dollars
Chain price index
Fixed-weighted price index
4.4
2.1
2.2
.6
2.0
2.1
„
Final sales to domestic purchasers:
1982 dollars
Chain price index
.......«»..„„..,
Fixed-weighted price index
Command-basis gross national product:
1982 dollars
Implicit price deflator
.«....„..
1982 dollars .
Implicit price deflator .
Business:
1982 dollars
Implicit price deflator ....
Nonfarm:
1982 dollars
Implicit price deflator
Disposable personal income:
Current dollars
1982 dollars
2.5
2.0
2.2
-3.1
2.5
5.0
25
1.8
2.7
1.2
2.9
1.5
4.0
2.0
-4.1
-2.2
3.2
.1
-4.4
-.8
-.3
-22.'
-8.!
-15.
-8.
-11.1
7.4
12.9
-4.6
-1.0
.2
3
-3.1
2.1
6.3
-3.'
1. Percent changes for 1986 and the first quarter of 1986 reflect discontinuities in the series.
NOTE.—The fixed-weighted price index and the chain price index, both of which are weighted averages of
the detailed prices used in the deflation of CNP, are measures of price change. In calculating changes in these
indexes, the composition of GNP is held constant. Consequently these changes reflect only changes in prices.
The fixed*weighted price index measures price change over any period, using as weights the composition of
GNP in 1982. The chain price index measures price change between two consecutive periods, using as weights
Nortdefense:
Current dollars
1982 dollars
Implicit price deflator
Chain pnee index
Fixed-weighted price index ....
23.9
20.6
2.6
2.6
2.6
-18.2
-19.3
3.5
3.6
3.6
Exports of goods and services:
Current dollars •
1982 dollars'
Implicit price deflator
Chain price index
Fixed-weighted price index .
-8.3
-7.9
-.6
.2
Current dollars
«...
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index ....
Gross domestic product:
Structures:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Residential:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
National defense:
Gross domestic purchases:
1982 dollars
Chain price index
Fixed-weighted price index
Fixed investment:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Nonresidentiah
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
11.0
•14.3
4.2
1.0
2.4
Addenda:
-20.2
-3.9
-2.0
-6.6
5.0
3.0
3.6
Federal:
Current dollars .......
1982 dollars
Implicit price deflator
Chain pnee index
Fixed-weighted price index
3.9
.2
3.6
3.4
3.1
Durable goods:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
,
Fixed-weighted price index
1991
1990
1991
1990
the composition of GNP in the first period. The implicit price deflator is a byproduct of the deflation of GNP.
It is derived as the ratio of current- to constant-dollar GNP (multiplied by 100). It it the average of the detailed
prices used in the deflation of GNP, but the prices are weighted by the composition of GNP in each period.
Consequently, the implicit price deflator reflects not only changes in prices but also changes in the composition
of GNP, and its use as a measure of price change should be avoided.
SURVEY OF CURRENT BUSINESS
18
October 1991
NIPA Charts
REAL GNP AND ITS COMPONENTS: TRENDS AND CYCLES
Jan. July July Nov.
P T
P
T
Dec. Nov.
P T
Billion 1982 $; seasonally adjusted annual rates
Personal consumption expenditure
! Nondurable goods
Gross f rivate domestic investment
Chanae in business inventories
Net exports of goods and services-
Government purchas as of goods and services—
1964 65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84 85
87
88
89
90
91
1992
19
SURVEY OF CURRENT BUSINESS
)ctober 1991
SELECTED SERIES: RECENT QUARTERS
Percent C h a n g e
10
•
Percent Change
10
REAL GNP1
I GNP PRICE INDEX (FIXED WEIGHTS)1
WM REAL GROSS DOMESTIC PRODUCT1
! GROSS DOMESTIC PURCHASES PRICE INDEX
(FIXED WEIGHTS)1
Illilii in
I
-5
-10
1988
1989
1990
1988
1991
Percent Change
10
1989
1990
ti
1991
Billion $
500
I REAL GROSS DOMESTIC PURCHASES1
I CORPORATE PROFITS WITH IVA AND CCAdj2
I CORPORATE PROFITS BEFORE TAX2
REAL FINAL SALES TO DOMESTIC PURCHASERS1
400
JLI
i
-5
300
200
-10
1988
1989
1990
1991
100
1988
1989
1990
1991
1988
1989
1990
1991
Percent Change
REAL DISPOSABLE PERSONAL INCOME1
1988
1989
1990
1991
1. Percent change at annual rate from preceding quarter; based on seasonally adjusted estimates.
2. Seasonally adjusted annual rate; IVA is inventory valuation adjustment, and CCAdj is capital consumption adjustment.
3. Personal saving as percentage of disposable personal income, based on seasonally adjusted estimates.
U.S. Department of Commerce, Bureau of Economic Analysis
By ROBERT P. PARKER
A Preview of the Comprehensive Revision
of the National Income and Product Accounts:
New and Redesigned Tables
IN December, the Bureau of Economic Analysis (BEA) will release the
results of a comprehensive—that is,
benchmark—revision of the national
income and product accounts (NIPA's).
This revision is the ninth of its kind;
the last such revision was released in
December 1985.
Comprehensive revisions differ from
annual NIPA revisions because of
the scope of the changes incorporated
and because of the number of years
subject to revision. Comprehensive
revisions incorporate three kinds of
changes: Definitional and classificational changes, statistical changes, and
new and redesigned tables.
Definitional and classificational
changes update the accounts to reflect
the evolving U.S. economy; they are
usually made in a comprehensive revision so that the estimates can be
revised back to produce consistent time
series. In the upcoming comprehensive
revision, the definitional and classificational changes will mainly represent
efforts to deal with the effects of the
changing nature of government programs, the increasing importance of
international transactions, and the nature of business incomes and expenses
as they affect current production.
Statistical changes update the estimates to reflect the incorporation
of newly available and revised data
from regularly used sources and new
methodologies—that is, new source
data and new estimating procedures.
In the upcoming revision, data will
be incorporated from sources such as
the 1982 benchmark input-output tables, the 1987 Economic Censuses, and
several annual surveys for 1989 and
1990; several new methodologies will
be introduced to cope with difficult
measurement problems and to reflect
changes in the availability and quality
of source data. In addition, the base
period for the calculation of constantdollar estimates and of the associated
NOTE.—Virginia Mannering and Heather Quick
provided assistance in compiling the table
changes; Getty Mumford provided secretarial
assistance.
20
price indexes will be shiftedfrom1982
to 1987, and the industry distributions of GNP and its components for
1987 forward will be shifted from the
1972 to the 1987 Standard Industrial
Classification.
New and redesigned tables update
the presentation of the NIPA's to reflect the definitional, classificational,
and statistical changes and to make
the tables more informative. In the
upcoming revision, the most important
changes will entail a focus on gross domestic product (GDP), the appropriate
measure of U.S. production for many
types of analysis, and the presentation of alternatives to the standard
constant-dollar measures and related
fixed-weighted price indexes.
This article describes the new and
redesigned tables that will update the
presentation of the NIPA's. An article in last month's SURVEY OF CURRENT
BUSINESS described the definitional and
classificational changes that will be
incorporated in the revision.1 Subsequent articles will discuss statistical changes and other aspects of the
revision.
Table 1 provides a complete list of
the revised set of NIPA tables arranged
according to the new table numbers.
The table cross-references the new table numbers with the old ones, identifies the new tables, and shows, at the
end of the list, the presently published
1. See Robert P. Parker, "A Preview of the Comprehensive Revision of the National Income and Product
Accounts: Definitional and Classificational Changes,"
SURVEY OF CURRENT BUSINESS 71 (September
tables that will be deleted. The last
column in table 1 identifies the major
changes to each table. These changes
resultfromthe focus on GDP, the introduction of alternatives to the standard
constant-dollar measures and related
price indexes, the definitional and classificational changes, and the incorporation of the 1987 Standard Industrial
Classification (SIC).
The focus on GDP
As announced in the August 1991
SURVEY, GDP will replace GNP as the
featured aggregate in most NIPA tables, with the components
of these
tables adjusted accordingly.2 The focus
on GDP will affect the five summary
accounts of the NIPA's, as shown in
table 2.3 The effects on the first of
these accounts, the national income
and product—or production—account
are the following.
• GDP replaces GNP as the sum of
expenditures (the product side of
the account) and of incomes (the
income side of the account).
• On the product side, net exports
of goods and services is redefined
to exclude net receipts of factor income from the rest of the world.
(This change also affects account 4,
the foreign transactions account.)
• On the income side, net receipts
of factor income is added as a
negative entry to convert GNP to
GDP.
1991):
23-31.
Availability of Redesigned Tables
The information provided in this article
describes the major effects of the redesign
of the NIPA tables in the upcoming benchmark revision. To obtain a complete set
of the redesigned tables in hard copy or
machine-readable form (magnetic tape or
diskette), write to National Income and
Wealth Division (BE-54), Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230, or call (202)
523-0669.
Table 1 identifies the NIPA tables in
which GDP will replace GNP as the
production aggregate and the components affected by the replacement. Two
of the most important changes relate to
net exports of goods and services and to
final sales. As previously noted, net ex2. For a discussion of the differences between GNP
and GDP, see "Gross Domestic Product as a Measure of
U.S. Production," SURVEY 71 (August 1991): 8.
3. For a discussion of the present accounts, see Allan
H. Young and Helen Stone Tice, "An Introduction to National Economic Accounting," SURVEY 65 (March 1985):
69-70.
October 1991
ports of goods and services is redefined
to exclude net receipts of factor incomes. (Exports is redefined to exclude
receipts of factor income, and imports
is redefined to exclude payments of factor income.) Final sales is now defined
as the final sales of national product, or
GNP less change in business inventories; it will be replaced by final sales of
domestic product, or GDP less change
in business inventories.
Alternative measures of constant-dollar
estimates and related price indexes
Definitional and classificational changes estimates for 1987 will be shown on the
Many of the NIPA tables will be revised and some new ones added as
a result of the definitional and classificational changes that will be incorporated in the upcoming revision.
For example, the change that redefines government sales and personal
nontaxes results in the deletion of the
reclassified nontaxes from the table
that shows personal nontaxes (table
3.4), the addition of this detail to a new
table that shows government sales (table 3.9), and changes in the presentation of certain components of personal
consumption expenditures (tables 2.4—
2.7). Some of the definitional and
classificational changes will not affect
the structure of the NIPA tables. An
example is the change that recognized
personal injury trusts, which will affect only the estimates for existing
components.
The effects of several definitional
and classificational changes are also
evident in the revised summary accounts shown in table 2. On the income
side of the national income and product
account, recording nonresident taxes
as transfers results in a new type of
business transfer payment—payments
to the rest of the world (line 19). In the
personal income and outlay account,
"interest paid by persons" replaces "interest paid by consumers to business"
to reflect the recognition of interest
paid by persons to government (lines
4 and 17). In the foreign transactions
account, the reclassification of interest paid by the Federal Government
to foreigners results in the deletion of
the line "interest paid by government
to foreigners" in the present accounts;
this interest will be included in the
new line on payments of factor income
(line 4).
Another important feature of the upcoming revision will be the introduction of quantity and price indexes that
represent alternatives to the standard
constant-dollar measures and related
fixed-weighted price indexes. BEA has
selected as alternatives two types of indexes, both of which are based on the
Fisher ideal index formula and were
among the alternatives discussed in an
April 1989 SURVEY article.4 One of the
alternatives is a chain-type index that
will use as weights the composition of
output for the preceding and current
years. The other alternative index will
use as weights the composition of output for benchmark years. An article in
the January 1992 SURVEY will describe
the alternative measures in more detail and provide estimates for 1959 to
the third quarter of 1991; estimates for
the fourth quarter will be provided in
the February SURVEY.
In the redesigned tables, the alternative quantity and price indexes will be
presented using the format shown below. This format also includes, for the
first time in the NIPA tables, the presentation of the current- and constantdollar measures as indexes (on a base
of 1987=100) to facilitate comparisons
with the alternative measures. Alternative quantity and price indexes will
be shown for GDP and its major expenditure components (table 7.1), for
measures of final sales and purchases Incorporation of the 1987 SIC
(table 7.2), and for GNP (table 7.3).
In the upcoming revision, the industry distributions of GDP, national
NIPA series name:
Current dollars
income, and their components will be
Quantity indexes:
shifted, beginning with estimates for
Fixed 1987 weights
1987, from the 1972 SIC to the 1987
Alternative indexes:
SIC because most of the NIPA source
Chain-type annual weights
Benchmark-years weights
data has shifted to the 1987 SIC. EsPrice indexes:
timates for earlier years, which are
Fixed 1987 weights
now based on either the 1942 or 1972
Alternative indexes:
SIC, will not be shifted because of a
Chain-type annual weights
lack of adequate source data. Because
Benchmark-years weights
Implicit price deflator
the 1987 SIC created significant discontinuities at the level of industry
detail used in the NIPA's, primarily in
4. See Allan H. Young, "Alternative Measures of Real
manufacturing and finance industries,
GNP," SURVEY 69 (April 1989): 27^34.
21
SURVEY OF CURRENT BUSINESS
basis5 of both the 1972 and the 1987
SIC. In addition, the incorporation of
the 1987 SIC resulted in changes in the
names of several industries.
The industry distributions in most
of the redesigned NIPA tables will be
presented as follows: Estimates for
1929 to 1948, based on the 1942 SIC,
will be shown in tables designated as
part A; estimates for 1948 to 1987,
based on the 1972 SIC, will be shown
as part B; and estimates for 1987 forward, based on 6the 1987 SIC, will be
shown as part C. Some series do not go
back to 1929; tables presenting these
series will have only a part A, based
on the 1972 SIC, and a part B, based
on the 1987 SIC. Footnotes to these tables have been added to clarify the A,
B, and C designations for each table.
Series names
The names of several NIPA series will be changed. Because these
changes affect many tables, they are
not mentioned in table 1; instead, the
new and old names for these series are
listed below:
New series name
Old series name
Consumption of fixed
capital
Capital consumption
allowances with
capital consumption
adjustment
Government purchases
Government purchases of
goods and services
Gross national income
Charges against gross
national product
Government
Government and
government enterprises
General government
Government
In addition, the term "foreigners**
has been replaced by arest of the world**
or "nonresidents** in the names of many
NIPA series. For example, "transfer
payments to the rest of the world" replaces "transfer payments to foreigners
(net)."
Tables 1 and 2 follow.
5. For a detailed presentation of the 1987 SIC revisions, see Standard Industrial Classification Manual, 1987, Executive Office of the President, Office
of Management and Budget (Washington, DC: U.S.
Government Printing Office, 1988).
6. Tables 5.10 to 5.13 show inventory estimates by
SIC industry division beginning in 1946. Because the
differences in the 1972 SIC and 1987 SIC are minor
at the industry division level, the estimates for 1987
forward will be based only on the 1987 SIC.
22
SURVEY OF CURRENT BUSINESS
October 1991
Table 1.—Revised NIPA Tables
Table number !
New
Comments 3
Table title 2
Old
1. Product and Income
1.1
Gross Domestic Product (A, 1929; Q, 1946)
1.2
13
Gross Domestic Product in Constant Dollars (A, 1929; Q, 1947)
Gross Domestic Product by Major Type of Product (A, 1929; Q, 1946)
1.4
Gross Domestic Product by Major Type of Product in Constant Dollars
(A, 1929; Q, 1947).
Relation of Gross Domestic Product, Gross Domestic Purchases, and
Final Sales to Domestic Purchasers (A, 1929; Q, 1946).
1.5
1.6
1.7
1.8
1.9
1.10
1.11
1.12
1.13
1.14
1.15
1.16
Relation of Gross Domestic Product, Gross Domestic Purchases, and
Final Sales to Domestic Purchasers in Constant Dollars (At 1929; Q,
1947).
Gross Domestic Product by Sector (A, 1929; Q, 1946)
Gross Domestic Product by Sector in Constant Dollars (A, 1929; Q,
1947).
Relation of Gross Domestic Product, Gross National Product, Net
National Product, National Income, and Personal Income (A, 1929;
Q, 1946).
Relation of Gross Domestic Product, Gross National Product, Net
National Product, and National Income in Constant Dollars (A,
1929; Q, 1947).
Command-Basis Gross National Product in Constant Dollars (A, 1929;
Q, 1947).
Net Domestic Product and Domestic Income by Sector (A, 1929)
Net Domestic Product and Domestic Income by Sector in Constant
Dollars (A, 1929).
National Income by Type of Income (A, 1929; Q, 1946)
National Income by Sector, Legal Form of Organization, and Type of
Income (A, 1929).
Gross Domestic Product of Corporate Business in Current Dollars and
Gross Domestic Product of Nonfinancial Corporate Business in
Current and Constant Dollars (A, 1929; Q, 1946).
GDP replaces GNP. Net exports, exports, and imports of goods and
services redefined to exclude receipts of factor income from the rest
of the world and/or payments of factor income to the rest of the
world.
Same as table 1.1.
GDP replaces GNP. Final sales of domestic product replaces final
sales. Services redefined to exclude net receipts of factor income
from the rest of world.
Same as table 1.3.
GDP replaces GNP. Gross domestic purchases and final sales to
domestic purchasers redefined to exclude net receipts of factor
income from the rest of the world.
Same as table 1.5.
GDP replaces GNP. Rest-of-the-world product (net receipts of factor
income from the rest of the world) deleted.
Same as table 1.7.
GDP, receipts of factor income from the rest of the world, payments of
factor income to the rest of the world, gross national income, net
domestic product, and domestic income added. In GNP, business
transfer payments redefined to include payments to rest-of-the-wodd
and in personal income, business transfer payments to persons is a
new title; both changes reflect recording of nonresident taxes as
transfers.
GDP, receipts of factor income from the rest of the world, and
payments of factor income to the rest of the world added.
None.
Net domestic product and domestic income replace net national
product and national income. Rest-of-the-world net product and
income (net receipts of factor income from the rest of the world)
deleted.
Same as table 1.12.
None.
Domestic income by type added in addenda.
None.
2. Personal Income and Outlays
Personal Income and Its Disposition (A, 1929; Q, 1946)
Personal Consumption Expenditures by Major Type of Product (A,
1946; Q, 1946).
Personal Consumption Expenditures by Major Type of Product in
Constant Dollars (A, 1947; Q, 1947).
Personal Consumption Expenditures by Type of Expenditure (A, 1929)
Personal Consumption Expenditures by Type of Expenditure in
Constant Dollars (A, 1929).
Personal Consumption Expenditures by Type of Product (A, 1929) ...
Personal Consumption Expenditures by Type of Product in Constant
Dollars (A, 1929).
Personal Income by Type of Income (A, 1959; M, 1959)
Personal Income and Its Disposition (A, 1959; M, 1959)
Personal Consumption Expenditures by Major Type of Product (A,
1959; M, 1959).
Personal Consumption Expenditures by Major Type of Product in
Constant Dollars (A, 1959; M, 1959).
Interest paid by persons redefined to reflect recognition of interest paid
by persons to government.
None.
None.
Detail for hospitals by type of provider—nonprofit, proprietary, and
government —added to reflect redefinition of government sales and
personal nontaxes. Expenditures at nursing homes added.
Expenditures for local mass transit consolidates local transit systems
and railway (commutation).
New table provides constant-dollar type-of-expenditures detail shown
in table 2.4.
New table provides current-dollar type-of-product detail shown in table
Detail for other nondurable goods, user-operated transportation, other
personal business, and net foreign travel added.
Estimates for 1946-58 available on request.
None.
None.
None.
October 1991
23
SURVEY OF CURRENT BUSINESS
Table 1*—Revised NIPA Tables—Continued
Table number l
New
Table title 2
Comments 3
Old
3. Government Receipts and Expenditures
3.1
3.2
3.3
3.4
Government Receipts and Expenditures (A, 1929)
Federal Government Receipts and Expenditures (A, 1929; Q, 1946)
State and Local Government Receipts and Expenditures (A, 1929; Q,
1946).
Personal Tax and Nontax Receipts (A, 1929)
3.5
Indirect Business Tax and Nontax Accruals (A, 1929)
3.6
Contributions for Social Insurance (A, 1929)
3.7A
3.7B
3.8A
3.8B
3.9
3.10
3.11
3.12
3.13
3.14
3.15
3.16
3.17A
3.17B
3.18
3.19
Government
Government
Government
1947-72).
Government
1972).
Government
Purchases by Type (A, 1929-71; Q, 1947-71)
Purchases by Type (A, 1972; Q, 1972)
Purchases by Type in Constant Dollars (A, 1929-71; Q,
None.
None.
None.
Nontax receipts from educational and medical charges deleted to
reflect redefinition of government sales and personal nontaxes.
Detail for nontax receipts for royalties and for deposit insurance
premiums added; the insurance premiums reflect classification of
several deposit insurance agencies as general government.
Contributions to the PBGC added to reflect its classification as general
government.
Estimates for CCC inventory change added beginning in 1947.
None.
Same as table 3.7A.
Purchases by Type in Constant Dollars (A, 1972; Q,
None.
Purchases Gross and Net of Sales by Type (A, 1929-71) ..
New table provides purchases gross and net of sales. Detail on State
and local government shows educational and medical charges to
reflect redefinition of government sales and personal taxes.
Same as table 3.9A.
None.
None.
Payments by PBGC added to reflect its classification as general
government.
CCC deleted to reflect its classification as general government.
None.
None.
None.
None.
Government Purchases Gross and Net of Sales by Type (A, 1972) ...
National Defense Purchases (A, 1972; Q, 1972)
National Defense Purchases in Constant Dollars (A, 1972; Q, 1972)
Government Transfer Payments to Persons (A, 1929)
Subsidies Less Current Surplus of Government Enterprises (A, 1960) ..
Social Insurance Funds Receipts and Expenditures (A, 1929)
Government Expenditures by Function (A, 1952)
Federal Government Expenditures by Type and Function (A, 1952)
State and Local Government Expenditures by Type and Function (A,
1952).
Relation of Federal Government Receipts and Expenditures in the
National Income and Product Accounts to the Consolidated Cash,
Statement, Fiscal Years (A, 1952-67).
Relation of Federal Government Receipt? and Expenditures in the
National Income and Product Accounts to the Unified Budget, Fiscal
Years (A, 1968).
Relation of State and Local Government Receipts and Expenditures in
the National Income and Product Accounts to to Bureau of Census
Government Finances Data, Fiscal Years (A, 1959).
Relation of Commodity Credit Corporation Expenditures in the
National Income and Product Accounts to Commodity Credit
Corporation Outlays in the Unified Budget (A, 1960).
Adjustments and footnotes added to reflect recording of nonresident
taxes as transfer payments and classification of deposit agencies as
general government.
Same as table 3.18A.
Estimates for 1958 available on request. Capital gains, net of losses, of
retirement systems shown separately beginning in 1985.
Enterprise surplus deleted and purchases redefined to reflect
classification of CCC as general government.
4. Foreign Transactions
Foreign Transactions in the National Income and Product Accounts (A,
1929; Q, 1946).
Exports and Imports of Goods and Services and Receipts and
Payments of Factor Income in Constant Dollars (A, 1929; Q, 1947).
Exports and Imports of Merchandise by End-Use Category (A, 1967;
Q 1967).
Exports and Imports of Merchandise by End-Use Category in Constant
Dollars (A, 1967; Q, 1967).
Relation of Foreign Transactions in the National Income and Product
Accounts (NIPA's) to the Corresponding Items in the Balance of
Payments Accounts (BPA's) (A, 1946).
Exports and imports of goods and services redefined to exclude factor
income receipts and payments; these receipts and payments shown
separately. Business transfer payments to rest of the world added to
reflect recording of nonresident taxes as transfer payments. Interest
paid by government to foreigners deleted to reflect reclassification
of these payments as factor income.
Exports and imports of goods and services redefined to exclude factor
income receipts and payments; these receipts and payments shown
separately.
Civilian aircraft and computers shown separately.
Same as table 4.3.
Adjustment for grossing factor income receipts and payments to
include nonresident taxes and adjustment for grossing certain
services and interest added to reflect NIPA definitional and
classificational revisions. Adjustment for transfer of goods and
services under military grant programs added to reflect classification
change in the BPA's. Interest paid by government to foreigners
deleted as separate line to reflect its NIPA reclassification as a
factor income payment.
24
SURVEY OF CURRENT BUSINESS
October 1991
Table 1.—Revised NIPA Tables—Continued
Table number ]
New
Comments 3
Table title 2
Old
5. Saving and Investment
5.2
5.1
5.2
5.3
5.3
5.4
5.12
Gross Saving and Investment (A, 1929; Q, 1946)
Gross Private Domestic Investment, Consumption
and Net Private Domestic Investment by Major
(A, 1929).
Gross Private Domestic Investment, Consumption
and Net Private Domestic Investment by Major
in Constant Dollars (A, 1929).
Fixed Investment by Type (A, 1946; Q, 1946)
5.5
5.6
5.13
5.4
Fixed Investment by Type in Constant Dollars (A, 1947; Q, 1947)
Purchases of Structures by Type (A, 1929)
5.7
5.8
5.9
5.5
5.6
5.7
5.10
5.8
Purchases of Structures by Type in Constant Dollars (A, 1929)
Private Purchases of Producers* Durable Equipment by Type (A, 1929)
Private Purchases of Producers* Durable Equipment by Type in
Constant Dollars (A, 1929).
Change in Business Inventories by Industry (A, 1929; Q, 1946)
5.11
5.9
5.12
5.10
5.13
5.11
of Fixed Capital,
Type of Investment
of Fixed Capital,
Type of Investment
Change in Business Inventories by Industry in Constant Dollars (A,
1929; Q, 1947).
Inventories and Domestic Final Sales of Business by Industry (Q,
1946).
Inventories and Domestic Final Sales of Business by Industry in
Constant Dollars (Q, 1947).
None.
Nonfarm and farm residential structures consolidated to reflect loss of
source data.
Same as table 5.2.
Nonresidential buildings redefined to include farm. Computers and
peripheral equipment shown separately.
Same as table 5.4.
Nonfarm and farm residential permanent site structures and additions
and alterations and major replacements consolidated to reflect loss
of source data.
Same as table 5.6.
Computers and peripheral equipment shown separately.
Same as table 5.8.
Footnotes identify redefinition of change in book value and change in
SIC.
Footnote identifies change in SIC.
Same as table 5.11.
Same as table 5.11.
6. Income, Employment, and Product by Industry
6.1
6.3
6.3
6.4
6.5
6.6
6.2
6.4
6.5
6.6
6.7
6.8
6.7
6.8
6.9
6.9
6.10
6.11
6.10
6.11
6.12
6.13
6.14
6.12
6.13
6.14
6.15
6.16
6.15
6.16
6.17
6.18
6.17
6.18
6.19
6.20
6.19
6.20
6.21
6.22
6.23
6.21
6.22
6.23
6.24
6.1
6.24
6.2
National Income Without Capital Consumption Adjustment by Industry Quarterly estimates for 1945-47 available on request.
(A, 1929; Q, 1948)4.
Receipts from and payments to rest of the world shown separately.
Compensation of Employees by Industry (A, 1929)5
Same as table 6.2.
Wages and Salaries by Industry (A, 1929)5
5
None.
Full-Time and Part-Time Employees by Industry (A, 1929)
5
None.
Full-Time Equivalent Employees by Industry (A, 1929)
None.
Wages and Salaries Per Full-Time Equivalent Employee by Industry
(A, 1929)5.
None.
Self-Employed Persons by Industry (A, 1929)5
None.
Persons Engaged in Production by Industry (A, 1929)5
Hours Worked by Full-Time and Part-Time Employees by Industry (A, None.
6
1948) .
Employer Contributions for Social Insurance by Industry (A, 1948)6 .... None.
None.
Other Labor Income by Industry and by Type (A, 1948)6
Additional service industries shown separately beginning in 1948.
Nonfarm Proprietors' Income by Industry (A, 1929)5
7
Same as table 6.12.
Noncorporate Capital Consumption Allowances by Industry (A, 1929)
None.
Inventory Valuation Adjustment to Nonfarm Incomes by Legal Form
of Organization and Industry (A, 1929)7.
None.
Net Interest by Industry (A, 1929)7
Quarterly estimates for 1946-47 available on request.
Corporate Profits by Industry (A, 1929; Q, 1948)7
None.
Corporate Profits Before Tax by Industry (A, 1929)5
Federal, State, and Local Corporate Profits Tax Liability by Industry
None.
7
(A, 1929) .
None.
Corporate Profits After Tax by Industry (A, 1929)7
None.
Net Corporate Dividend Payments by Industry (A, 1929)7
7
None.
Undistributed Corporate Profits by Industry (A, 1929)
7
None.
Corporate Capital Consumption Allowances by Industry (A, 1929)
6
GDP replaces GNP. Rest-of-the-world product deleted. Estimates for
Gross Domestic Product by Industry (A, 1948)
1947 will not be revised.
Gross Domestic Product by Industry in Constant Dollars (A, 1948)6 .... Same as table 6.23.
7. Quantity and Price Indexes
Quantity and Price Indexes for Gross Domestic Product (A, 1929; Q,
1947).
7.1
7.1, 7.4
7.2
7.3
Quantity and Price Indexes for Domestic Product, Final Sales, and
Purchases (A, 1929; Q, 1947).
7.3
7.8
7.4
7.9
7.5
7.10
7.6
_
Quantity and Price Indexes for Gross National Product and CommandBasis Gross National Product (A, 1929; Q, 1947).
Price Indexes for Personal Consumption Expenditures by Major Type
of Product, Fixed 1987 Weights (A, 1929; Q, 1947).
Price Indexes for Personal Consumption Expenditures by Major Type
of Product, Fixed 1987 Weights (A, 1959; Q, 1959).
Price Indexes for Fixed Investment by Type, Fixed 1987 Weights (A,
1959; Q, 1959).
Current- and constant-dollar indexes and alternative quantity and price
indexes added. Fixed-weighted price indexes for PCE detail and
final sales deleted.
New presentation of quantity and price indexes used. GDP, final sales
of domestic product, gross domestic purchases, and final sales of
domestic purchasers replace corresponding national measures.
New presentation of quantity and price indexes used for GNP.
Alternative price indexes for PCE added.
Alternative price indexes for PCE added. Same detail added as table
2.7
New table provides fixed-weighted price indexes for detail in table 5.4
and alternative price indexes for fixed investment.
25
SURVEY OF CURRENT BUSINESS
October 199J
Table 1.—Revised NIPA Tables—Continued
Table numberl
New
Old
7.7
7.12
7.8
7.13
7.9
7.14
7.10
7.15
7.11
7.16
7.12
7.17
7.13
7.7
7.14
7.6
7.15
7.18
Table title 2
Comments3
Price Indexes for Purchases of Structures by Type, Fixed 1987
Weights (A, 1959).
Price Indexes for Private Purchases of Producers' Durable Equipment
by Type, Fixed 1987 Weights (A, 1959).
Price Indexes for Exports and Imports of Goods and Services and for
Receipts and Payments of Factor Income, Fixed 1987 Weights (A,
1929; Q, 1947).
Price Indexes for Exports and Imports of Merchandise by End-Use
Category, Fixed 1987 Weights (A, 1967; Q, 1967).
Price Indexes for Government Purchases by Type, Fixed 1987 Weights
(A, 1972; Q, 1972).
Alternative price indexes for private nonresidential and residential
structures added. Same detail deleted as table 5.6.
Alternative price indexes for private nonresidential PDE added. Same
detail added as table 5.8.
Alternative price indexes for exports and imports of goods and services
added.
Price Indexes for National Defense Purchases, Fixed 1987 Weights (A,
1972; Q, 1972).
Implicit Price Deflators for the Relation of Gross Domestic Product,
Gross National Product, Net National Product, and National Income
(A, 1929; Q, 1947).
Implicit Price Deflators for Gross Domestic Product by Sector (A,
1929; Q, 1947).
Current-Dollar Cost and Profit Per Unit of Constant-Dollar Gross
Domestic Product of Nonfinancial Corporate Business (A, 1948; Q,
1948).
Same detail added as table 4.3.
Alternative price indexes for total government, Federal national
defense, Federal nondefense, and State and local government
purchases added.
Alternative price indexes for national defense purchases added.
None.
GDP replaces GNP. Rest-of-the-world product deleted.
None.
8. Supplementary Tables
8.1
8.1
Percent Change From Preceding Period in Selected Series (A, 1930; Q,
1947).
8.2
8.2
8.3
8.4
8.5
8.6
8.7
1.17
1.18
1.19
1.20
1.21
Selected Per Capita Product and Income Series in Current and
Constant Dollars and Population of the United States (A, 1929; Q,
1947).
Auto Output (A, 1947; Q, 1947)
Auto Output in Constant Dollars (A, 1947; Q, 1947)
Truck Output (A, 1967; Q, 1967)
:
Truck Output in Constant Dollars (A, 1967; Q, 1967)
Farm Sector Output, Gross Product, and National Income (A, 1929) ....
8.8
1.22
8.9
1.23
8.10
1.24
8.11
8.3
8.12
8.4
Farm Sector Output, Gross Product, and National Income in Constant
Dollars (A, 1929).
Housing Sector Output, Gross Product, and National Income (A, 1929)
8.13
—
Housing Sector Output, Gross Product, and National Income in
Constant Dollars (A, 1929).
Consumption of Fixed Capital by Legal Form of Organization (A,
1929).
Capital Consumption Adjustment by Legal Form of Organization and
Type of Adjustment (A, 1929).
Business Transfer Payments by Type (A, 1929)
8.14
8.5
Supplements to Wages and Salaries by Type (A, 1948)
8.15
8.16
8.17
8.6
8.7
8.8
Rental Income of Persons by Type (A, 1946)
Dividends Paid and Received by Sector (A, 1946)
Interest Paid and Received by Sector and Legal Form of Organization
(A, 1946).
8.18
8.9
Imputations in the National Income and Product Accounts (A, 1929) ...
8.19
8.10
Relation of Consumption of Fixed Capital in the National Income and
Product Accounts (NIPA's) to Depreciation and Amortization as
Published by the Internal Revenue Service (IRS) (A, 1929).
8.20
8.11
8.21
8.12
Relation of Nonfarm Proprietors' Income in the National Income and
Product Accounts (NIPA's) to Corresponding Measures as Published
by the Internal Revenue Service (IRS) (A, 1959).
Relation of Net Farm Income in the National Income and Product
Accounts (NIPA's) to Net Farm Income as Published by the U.S.
Department of Agriculture (USDA) (A, 1967).
Changes in alternative quantity and price indexes added. Changes in
final sales of domestic purchases and in final sales to domestic
purchasers replace corresponding national measures. Changes in
GNP included in addenda. Changes in implicit price deflators and
chain price indexes deleted. Changes in domestic business and
nonfarm product business deleted.
GDP added. Quarterly data added.
None.
None.
None.
None.
Cash receipts retitled to reflect reclassification of CCC commodity
loans. Footnote to intermediate purchases deleted to reflect
reclassification of bad debt loses.
Same as table 8.7.
Footnote to intermediate purchases deleted to reflect reclassification of
bad debt losses.
Same as table 8.9.
Detail for rental income of persons added.
Detail for rental income of persons added.
New table provides breakdown of type of payment; taxes paid by U.S.
residents to foreign governments shown separately to reflect their
recording as transfers.
Employer contributions to PBGC added to pensions to reflect
classification of PBGC as general government.
None.
Breakdown of dividends in national income reorganized by sector.
Detail for monetary interest paid by other private business and for net
interest paid by domestic business expanded. Derivation of personal
interest revised to reflect recognition of interest paid by persons to
government.
Employer contributions to group health and life insurance are added as
specific imputations. Effect of imputation for employees' lodging
correctly attributed to PCE housing services
Footnotes identify added adjustments for differences in definitions of
investment (such as rental video cassettes and clothing), to reflect
capitalization of monetary interest on own-account construction by
public utilities, and to recognize capital consumption for abandoned
nuclear power plants.
Adjustment for misreporting on income tax returns shown separately.
Adjustment for bad debt expenses replaces defaulter's gain
adjustment to reflect reclassification of bad debt losses.
Adjustments for differences in methodology in estimates of income
from owner-occupied housing and for differences in treatment of
patronage dividends added. Adjustment for difference in treatment
of CCC loans added to reflect reclassification of these loans in the
NIPA's.
26
SURVEY OF CURRENT BUSINESS
October 1991
Table 1.—Revised NIPA Tables—Continued
Table number l
New
Old
8.22
8.13
8.23
8.24
8.14
Table title 2
Comments 3
Relation of Corporate Profits, Taxes, and Dividends in the National
Income and Product Accounts (NIPA's) to Corresponding Measures
as Published by the Internal Revenue Service (IRS) (A, 1929).
For profits before taxes: Adjustment for misreporting on income tax
returns shown separately; adjustment for bad debt expense replaces
defaulter's gain and bad debt reserve adjustment to reflect
^classification of bad debt losses; footnote added to identify
adjustment to reflect removal of capital gains from brokerage
charges; and adjustment added for taxes paid to foreign governments
to reflect recording of nonresident taxes.
New table provides relation of NIPA and IRS interest estimates.
Relation of Monetary Interest Paid and Received in the National
Income and Product Accounts (NIPA's) to Corresponding Measures
as Published by the Internal Revenue Service (IRS) (A, 1929).
Comparison of Personal Income in the National Income and Product
Accounts (NIPA's) with Adjusted Gross Income as Published by the
Internal Revenue Service (IRS) (A, 1947).
None.
9. Seasonally Unadjusted Estimates
9.1
9.2
9.3
9.4
9.5
9.6
Gross Domestic Product (QUA, 1946)
Personal Consumption Expenditures by Major Type of Product (QUA,
1946).
Federal Government Receipts and Expenditures (QUA, 1946)
State and Local Government Receipts and Expenditures (QUA, 1946) .
Foreign Transactions in the National Income and Product Accounts
(QUA, 1946).
Corporate Profits With Inventory Valuation Adjustment (QUA, 1946) .
GDP replaces GNP, which appears as addendum item.
None.
None.
None.
None.
None.
Deleted Tables
Gross National Product Originating in Government, Farm, and AH
Other Industries in Current and Constant Dollars (A, 1909-29).
Fixed-Weighted Price Indexes for Gross National Product by Major
Type of Product (A, 1959; Q t 1959).
Implicit Price Deflators for Gross National Product by Major Type of
Product (A, 1929; Q t 1959).
Implicit Price Deflators for Personal Consumption Expenditures (A,
1959; M, 1959).
1. Tables are listed according to the new numbers. Presently published tables to be deleted are listed at
the end of the list.
2. The letters in parentheses indicate the frequency of the estimates; A, annual estimates; Q, seasonally adjusted quarterly estimates; QUA, quarterly estimates not seasonally adjusted; and M, monthly seasonally adjusted estimates. The year(s) associated with each letter indicates the beginning period for the estimates or, when
expressed as a range of years, the period covered by the estimates. See footnotes 4-7 for the special presentation of tables in section 6.
3. The base period for the calculation of all constant-dollar estimates and of associated price indexes will
be shifted from 1982 to 1987. See text section on alternative measures for information on the new quantity
and price indexes.
4. This table will appear in three parts. Part A will cover 1929-45 and will reflect the 1942 SIC; pan B
will cover 1946-87 and will reflect the 1972 SIC; and part C will cover 1987 forward and will reflect the
1987 SIC. See text for additional information.
Preparation of estimates suspended.
Indexes for GNP and for domestic equivalent of final sales shown in
tables 7.3 and 7.2. Indexes for types of products available on
request.
Deflators for GNP and for domestic equivalent of final sales shown in
tables 7.3 and 7.2. Deflators for types of products can be calculated
from estimates in tables 1.3 and 1.4.
Annual deflators shown in table 7.1. Monthly deflators can be
calculated from estimates in tables 2.10 and 2.11.
5. This table will appear in three parts. Part A will cover 1929-48 and will reflect the 1942 SIC; pan B
will cover 1948-87 and will reflect the 1972 SIC; and pan C will cover 1987 forward and will reflect the
1987 SIC. Sec text for additional information.
6. This table will appear in two pans. Part A will cover 1948-87 and will reflect the 1972 SIC, and part
B will cover 1987 forward and will reflect the 1987 SIC. See text for additional information.
7. This table will appear in three pans. Part A will cover 1929*47 and will reflect the 1942 SIC; part B
will cover 1948-87 and will reflect the 1972 SIC; and part C will cover 1987 forward and will reflect the
1987 SIC. See text for additional information.
CCC Commodity Credit Corporation
GDP Gross domestic product
GNP Gross national product
PBGC Pension Benefit Guaranty Corporation
PCE Personal consumption expenditures
PDE Producers' durable equipment
SIC Standard Industrial Classification
SURVEY OF CURRENT BUSINESS
October 1991
Table 2.—Summary National Income and Product Accounts
Line
Account 1.—National Income and Product Account
Compensation of employees
Wages and salaries
Disbursements (2-7)
Wage accruals less disbursements (3-8 and 5-4)
Supplements to wages and salaries
Employer contributions for social insurance (3-15)
Other labor income (2-8)
28
29
30
31
Proprietors' income with inventory valuation and capital consumption
adjustments (2-9)
Rental income of persons with capital consumption adjustments (2-10)
Corporate profits with inventory valuation and capital consumption
adjustments
Profits tax liability (3-13)
Profits after tax with inventory valuation and capital consumption
adjustments
Dividends (2-12)
Undistributed profits with inventory valuation and capital consumption
adjustments (5-5)
Personal consumption expenditures (2-3)
Durable goods
Nondurable goods
Services
32 Gross private domestic investment (5-1)
33
Fixed investment
34
Nonresidential
35
Structures
36
Producers' durable equipment
37
Residential
38
Change in business inventories
39
40
41
Net exports of goods and services
Exports (4-1)
Imports (4-A)
42 Government purchases (3-1)
43
Federal
44
National defense
45
Nondefense
46
State and local
Net interest (2-15)
National income
Business transfer payments
To persons (2-20)
To rest of the world (4-9)
Indirect business tax and nontax liability (3-14)
Less: Subsidies less current surplus of government enterprises (3-7)
Consumption of fixed capital (5-6)
Gross national income
Statistical discrepancy (5-9)
Gross national product
,
y
Less: Receipts of factor income from the rest of the world (4—2)
Plus: Payments of factor income to the rest of the world (4-5)
GROSS DOMESTIC PRODUCT
CiROSS DOMESTIC PRODUCT
Account 2.—Personal Income and Outlay Account
1
Personal tax and nontax payments (3-12)
7 Wage and salary disbursements (1-3)
2 Personal outlays
8 Other labor income (1-7)
3
4
5
9 Proprietors* income with inventory valuation and capital consumption
Personal consumption expenditures (1-28)
Interest paid by persons (2-47)
Personal transfer payments to rest of the world (net) (4-7)
adjustments (1-8)
10 Rental income of persons with capital consumption adjustment (1-9)
6
Personal saving (5-3)
11 Personal dividend income
Dividends (1-13)
12
Less: Dividends received by government (3-6)
13
14 Personal interest income
15
Net interest (1-15)
Net interest paid by government (3-5)
16
Interest paid by persons (2-4)
17
18
19
20
21
PERSONAL TAXES, OUTLAYS, AND SAVING
See note at end of table.
Transfer payments to persons
From business (1-18)
From government (3-3)
Less: Personal contributions for social insurance (3-17)
PERSONAL INCOME
27
SURVEY OF CURRENT BUSINESS
28
October 1991
Table 2.—Summary National Income and Product Accounts—Continued
Line
Line
Account 3.—Government Receipts and Expenditures Account
1 Purchases (1-42)
12
Personal tax and nontax payments (2-1)
2 Transfer payments
13
Corporate profits tax liability (1—11)
J
4
5
i o persons ^z—zu^
To rest of the world (net) (4-8)
Net interest paid (2-16)
6 Less: Dividends received by government (2-13)
7
Subsidies less current surplus of government enterprises (1-21)
8
Less: Wage accruals less disbursements (1-4)
9
Surplus or deficit (-), national income and product accounts (5-7)
10
11
14
Indirect business tax and nontax liability (1-20)
15
16
17
Contributions for social insurance
Employer (1-6)
Personal (2-21)
Federal
State and local
GOVERNMENT EXPENDITURES AND SURPLUS
GOVERNMENT RECEIPTS
Account 4 .—Foreign Transactions Account
1
Exports of goods and services (1-40)
4
2
Receipts of factor income (1-26)
5 Payments of factor income (1-27)
3
Capital grants received by the United States (net) (5-8)
6
7
S
9
10
RECEIPTS FROM REST OF THE WORLD
Imports of goods and services (1-41)
Transfer payments to rest of the world (net)
From persons (net) (2-5)
From government (net) ( 3 ^ )
From business (1-19)
Net foreign investment (5-2)
PAYMENTS TO REST OF THE WORLD
Account 5.—Gross Saving and Investment Account
Gross private domestic investment (1-32)
Personal saving (2-6)
Net foreign investment (4-10)
Wage accruals less disbursements
Undistributed corporate profits with inventory valuation and capital
consumption adjustments (1-14)
Consumption of fixed capital (1-22)
Government surplus or deficit (-), national income and product accounts
(3-9)
Capital grants received by the United States (net) (4-3)
Statistical discrepancy (1-24)
GROSS INVESTMENT
GROSS SAVING AND STATISTICAL DISCREPANCY
NOTE.—Numbers in parentheses indicate accounts and items of counteremry in the accounts. For example, line 3 of account 1 is shown as "wage and salary disbursements, (2-7)"; the
countercntry is shown in account 2, line 7.
By JEFFREY H. LOWE and RAYMOND J. MATALONI, JR.
U.S. Direct Investment Abroad:
1989 Benchmark Survey Results
• European affiliates accounted for
JL HIS article presents preliminary estimates on the operations of nonbank the largest share of all affiliates' operU.S. multinational companies (MNC's) ations; they accounted for more than
from the BEA 1989 benchmark sur- one-half of the assets and sales and
vey of U.S. direct investment abroad for about two-fifths of the employment
(USDIA). The 1989 benchmark sur- of all affiliates. Within Europe, affilvey updates universe estimates based iates' operations were largest in the
on data from BEA's annual sample United Kingdom. By industry, mansurveys of USDIA for nonbenchmark ufacturing affiliates accounted for the
years. Compared with the annual surveys, the benchmark survey gives a
more complete view of U.S. MNC oper- Table 1.—Total Assets of and Sales and Employment by Nonbank U.S. MNC's, U.S. Parents,
ations in two ways: (1) It collects data
and Foreign Affiliates, 1977 and 1982-89
from the USDIA universe rather than
MNC's
from a sample of companiesfromwhich
Affiliates
Parents
worldwide
universe estimates are derived, and (2)
it collects a wider range of data items.
Total assets
The following are highlightsfromthe Millions of dollars:
1977
490,178
2,033,418 1,548,240
1989 survey.
1982
751,486
3,493,105 2,741,619
750,823
3,653,615 2,902,793
1983
• U.S. MNC's had worldwide assets
1984
3,820,025 3.060,031
759,994
3,462,398
4,297,034
834,636
1985
of $6,219 billion and sales of $4,400 bil1986
4,723,294 3.792.001
931.293
5,285,962 4,175,308 1,110,654
1987
lion, and they employed
25.3
million
1988
5,569,767 4,363.441 1,206.326
1989
6,219,410 4,905.415 1,313,995
workers in 1989.1 U.S. parent companies accounted for about three-fourths, Compound annual rate of
change (percent):
and their foreign affiliates for about
8.6
1977-89
10.1
98
8.9
12.2
11.4
1977-82
one-fourth, of U.S.-MNC worldwide
8.7
8.3
1982-89
86
operations (table 1).
Sales
• U.S. parents' share of all U.S.
Millions of dollars:
business was much larger in man- 1977
647,969
2,060.263 t.412,293
1982
935,780
3,284,168 2,348,388
ufacturing than in other industries.
1983
886,314
3,263,802 2,377 488
1984 ....„
898.558
3,407,337 2,508.779
In manufacturing, U.S. parents ac895.460
1985
3,482,155 2,586.695
1986
928,915
3,473,354 2.544,439
counted for 66 percent of the sales and
1987.
3.742.022 2,689,227 1,052,795
1988.
for 55 percent of 2the employment by all
4,022,942 2,828,209 1,194,733
19891
4.399,873 3,133,588 1,266,285
U.S. businesses. In all other indusannual rate of
tries combined, U.S. parents accounted Compound
change (percent):
1977-39
57
6.9
65
for only one-tenth of all-U.S.-business
1977-82
10.7
9.8
7.6
1982-89
4.4
4.2
43
employment.
l
Number of employees
1. A U.S. multinational company (MNC) consists of
a nonbank U.S. parent and its nonbank foreign affiliates. A U.S. parent is a U.S. person that owns or
controls, directly or indirectly, 10 percent or more of
the voting securities of an incorporated foreign business
enterprise or an equivalent interest in an unincorporated foreign business enterprise. A foreign affiliate
is a foreign business enterprise that is so owned or
controlled.
2. The data on all-U.S.-business sales are from the
Census Bureau's Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations. The data
on all-U.S.-business employment are from table 6.6B of
the "National Income and Product Accounts Tables" in
the July 1990 issue of the SURVEY OP CURRENT BUSINESS.
Thousands:
1977
1982
1983
1984
1985 .
1986
1987 .
1988
1989'
Compound annual raw of
change (percent):
1977-89
1977-82
*
1982-89
26,081.3
25,344.8
24,782.6
24,548.5
24,531.9
24,082.0
24 255 4
24,141.1
25.342.4
-.2
-6
C)
18,884.6
18,704.6
18,399.5
18.130.9
18,112.6
17,831.8
17 985 8
17,737.6
18,721.0
-.1
C)
7,196.7
6,640.2
6,383.1
6,417.5
6,419.3
6.250.2
6,269 6
6,403.5
6.621.4
-.7
-1.6
(*)
* Less than .05 percent (±).
1. The 1989 estimates are not strictly comparable wtih the estimates
covering 1983-88 because of a break in series resulting from improved
coverage of the survey universe in 1989 (sec text for further discussion).
MNC Multinational company
largest share of all affiliates7 operations; they accounted for more than
one-half of the employment and sales
and for more than one-third of the
assets of all affiliates.
• Majority-owned foreign affiliates
(MOFA's) accounted for about 80 percent of the operations of3all nonbank
foreign affiliates (table 2).
• The most common motivation for
U.S. direct investment abroad is to sell
goods to unaffiliated customers in local
markets. Sales of goods by MOFA's to
unaffiliated customers in local markets
were $672 billion, or about two-thirds
of total MOFA sales.
• MNC-associated U.S. exports were
$241.5 billion, 67 percent of all U.S.
merchandise exports; MNC-associated
U.S. imports were $192.6 billion,
40 percent
of all U.S. merchandise
imports.4
• Expenditures for research and development (R&D) performed by U.S.
parents were $81.1 billion; these expenditures accounted for 85 percent
of industrial R&D performed by all
U.S. businesses.5 Expenditures for
R&D performed by MOFA's were $8.0
billion.
• In most host countries, MOFA's
in manufacturing pay their production workers more per hour, on average, than do other manufacturing
companies in those countries.
• MNC employment declined slightly
from 26.1 million in 1977 to 25.3
million in 1989. Underlying slight
declines in both parent and affiliate
3. MOFA's are foreign affiliates in which the combined direct and indirect ownership of all U.S. parents
exceeds 50 percent.
4. MNC-associated U.S. exports are the sum of goods
shipped to foreign affiliates by all U.S. persons and
goods shipped to other foreigners by U.S. parents.
MNC-associated U.S. imports are the sum of goods
shipped by foreign affiliates to all U.S. persons and
goods shipped by other foreigners to U.S. parents.
5. This comparison is based on a preliminary estimate for 1989 of research and development expenditures for all U.S. businesses from the National Science Board, Science and Engineering Indicators—1989
(Washington, DC: U.S. Government Printing Office,
1989).
29
SURVEY OF CURRENT BUSINESS
30
employment were offsetting changes in terms of employment for 1977-S9,
among industries, and, for affiliates, and discusses selected aspects of MNC
among areas. Declines in affiliate em- operations in 1989. Finally, the coverployment were particularly large in age and methodology of the benchmark
Europe, Canada, and Africa; increases survey and changes in the presentation
were particularly large in Mexico and of results are discussed. In the followin most of the newly industrialized ing analysis, information from outside
sources, mainly press reports, is used
countries of the Pacific Rim.
The estimates presented in this ar- to supplement BEA's survey data.
ticle cover the financial structure and
the overall operations of nonbank U.S. Changes in MNC operations in 1989
parents and their nonbank foreign afThe 1989 benchmark survey feafiliates. Data collected in the benchmark survey on banks and on transac- tured improvements in the coverage of
tions and positions between U.S. par- the MNC universe. (For details on
ents and their foreign affiliates will the improved coverage, see the secbe available next fall, when final re- tion "Coverage and Methodology of the
sults of the benchmark survey are Benchmark Survey.") These improvements introduce an element of nonpublished.6
This article briefly reviews the comparability between the 1989 estichanges in MNC operations in 1989, mates and the estimates for 1988 (and
examines trends in MNC operations for 1983-87) that were based on annual surveys. The noncomparability is
6. The data on the overall operations of U.S. parsmall for aggregate measures of MNC
ents and their foreign affiliates include data on balance
operations,
but comparisons for indisheets; income statements; property, plant, and equipvidual countries or industries should
ment; employment and employee compensation; U.S.
merchandise trade; sales; technology; taxes; and, for
be made with caution.
foreign affiliates, external financial position. The data
In 1989, three key aggregate meason transactions and positions between U.S. parents and
their foreign affiliates are the source of the estimates of ures of U.S. MNC operations—assets,
direct investment that are entered into the U.S. internasales, and employment—grew faster
tional transactions accounts and the U.S. international
investment position. These estimates cover the U.S. di- than they had on average during the
rect investment position abroad at book value, direct
previous 6 years. Excluding the effects
investment capital flows, and net receipts of income,
of the improvements in coverage so as
royalties and license fees, and charges for other services
by U.S. parents from their foreign affiliates.
to place the 1989 estimates on a consisTable 2.—Employment by Majority-Owned For. eign Affiliates and Their Share of All Nonbank
Foreign Affiliate Employment, by Area, 1989
Number of employees
(thousands)
Percent
accounted for
maMinority- by
jorityowned
owned
affiliates affiliates
All
affiliates
Majorityowned
affiliates
6,621.4
5,111.4
1410.0
77.2
945.4
889.2
56.2
94.1
2,7083
2.308.0
400.3
85.2
408.9
338.1
70.8
82.7
„
551.5
186.7
138.8
47.6
8642
491.0
160.9
123.4
40.1
741.6
60.5
25.8
15.4
7.5
122.6
89.0
86.2
88.9
84.2
85.8
Latin America and Other
Western Hemisphere ..
AH countries
Canada . . . .
..
Europe .
Ofwhich.
France
Germany, Federal
Republic of
Italy
Netherlands
Switzerland
United Kingdom
... .
.
U01.2
964.9
336.3
74.2
Africa
120.4
83.2
37.2
69.1
Middle East
102.0
69.8
32.2
68.4
1.416.2
772.2
644.0
54.5
391.9
388.0
193.7
131.2
198.2
256.8
49.4
33.8
28.0
24.0
4.0
85.7
Asia and Pacific
Of which:
Australia
Japan ........
1
International
Addendum:
European
Communities
(12)1
2,539.7
352.2
2,187.5
86.1
1. "International" affiliates are those that have operations in more
than one country and that are engaged in petroleum shipping, other
water transportation, or operating movable oil- and gas-drilling equipment.
2. European Communities (12) comprises Belgium, Denmark, France,
Germany (Federal Republic of). Greece, Ireland, Italy, Luxembourg,
Netherlands, Portugal, Spain, and the United Kingdom.
October 1991
tent basis with earlier estimates, MNC
assets increased 11 percent in 1989,
compared with an 8-percent average
annual rate of growth during 198288. MNC sales increased 9 percent,
compared with a 3-percent average annual increase, and MNC employment
increased 3 percent, compared with a
very small decline. (Including the improvements in coverage, MNC assets
increased 12 percent in 1989, sales
increased 9 percent, and employment
increased 5 percent. See tables 16-22
at the end of the article.)
Trends in MNC
Employment, 1977-89
Of the three key measures of
MNC operations that can be used to
gauge trends in MNC operations, the
change in assets and in sales differed
markedly from that in employment
from 1977 to 1989. Assets of U.S.
MNC's grew at an average annual
rate of 10 percent, worldwide sales
grew 7 percent, and employment declined slightly. This section focuses on
trends in employment because, unlike
assets and sales, employment is not
directly affected by changes in prices
and exchange rates. The discussion
covers employment trends from 1977
Acknowledgments
BEA thanks the staffs of U.S. companies that responded to the 1989 benchmark survey
for their efforts in completing and filing reports and for their cooperation with BEA during
processing and review of the data.
The publication of the benchmark survey estimates in 17 months was a result of the efforts
of the BEA staff listed below.
Jack J. Bame, Associate Director for International Economics, succeeded by J. Steven Landefeld, provided general guidance for the survey. Betty L. Barker, Chief, and R. David Belli,
Assistant Chief, International Investment Division (IID), directed the design of the benchmark
survey report forms, the conduct of the survey, and the analysis and publication of the results.
The Direct Investment Abroad Branch (DIAB) of IID, under the direction of Patricia C. Walker,
was primarily responsible for conducting the survey. David H. Galler, Chief of the Annual and
Benchmark Surveys Section of DIAB, supervised the editing and processing of the reports. He
also designed the computer-edit checks and the forms and processing control systems.
The following former and current members of DIAB processed and edited the survey: Joan
O. Adams, Margaret Buckley, Barbara S. Clark, Margo A. Collier, Emily D. Curry, Marcia S.
Francis, David N. Hale, Jeanne Hicks, Lonnie Hunter, Deanna D. Ibarra, Christine J. Lee,
Sherry Lee, Stephanie A. Lewis, Leila C. Morrison, Juanita L. Mortimer, John A. Munz, Pearl
Rivers, Ronald L. Ross, William R. Shupe, Robert N. Smith, Dwayne Tbrney, and Diann L.
Vann.
The Research Branch of IID, under the direction of Obie G. Whichard, assisted DIAB in
reviewing the results for consistency and accuracy. The reviewers were Jeffrey H. Lowe and
Raymond J. Mataloni, Jr. Arnold Gilbert of the Data Retrieval and Analysis Branch (DRAB) of
IID also assisted in the review.
James T. Spalding, Chief, Programming and Analysis Branch of the Computer Systems and
Services Division, coordinated the computer programming and data conversion and processing
activities, which were performed by Douglas J. Klear, Elizabeth L. Shumate, Marguerite E.
Ellis, Effie M. Eason, and Janice E. Townsend.
Marie Gott designed the computer programs for the integrated master file of U.S. direct
investment abroad. Arnold Gilbert designed the programs for data estimation, final review of
the data, suppression of the data for confidentiality reasons, and generation of the tables for
publication. They were under the supervision of Smith W. Allnutt, Chief of DRAB.
Raymond J. Mataloni, Jr., prepared the tables for this article. Jeffrey H. Lowe designed the
tables in the publication that presents more detailed data from the survey.
October 1991
to 1989—both of which are benchmark
years, when BEA surveys the entire
universe of U.S. parents and foreign
affiliates. In addition, considerable
use is made of data from 1982, an
intervening benchmark year.
MNC employment declined from
26.1 million in 1977 to 25.3 million
in 1989." Worldwide economic recession in the early 1980's induced
companies to bring costs in line with
sluggish sales by reducing employment. After 1982, employment continued to decline through 1986 and
then recovered to the 1982 level by
1989. A large decline in manufacturing, partly reflecting increases in productivity, more than accounted for the
overall decline. In petroleum, a decline
resulted from the shedding of laborintensive nonpetroleum-related operations.
Partly offsetting these declines were increases in all other major
industries, especially in "services."8
U.S. parents
U.S. parent companies employed
slightly fewer workers in 1989 than
they did in 1977—18.7 million, compared with 18.9 million (table 3). Decreases in employment in manufacturing and petroleum were largely offset by increases in other industries,
particularly in "services" (chart 4).
The small decline in employment
by U.S. parents contrasts with a 33percent increase in employment by
all U.S. businesses since 1977. The
different growth rates partly reflect
a difference in industry mix between
U.S. parents and all U.S. businesses.
"Services," the fastest growing industry in terms of employment, accounted
for a much larger share of all-U.S.business employment than of U.S.
parent employment in 1989—30 percent, compared with 10 percent. In
contrast, employment in manufacturing, one of the slowest growing in-
31
SURVEY OF CURRENT BUSINESS
oil prices and parent-company profits
fell sharply, which prompted some parent companies to sell their peripheral
nonpetroleum businesses and to substantially reduce their technical and
managerial personnel.
In manufacturing, parent employment fell from 11.8 million in 1977 to
10.1 million in 1989. Increased competition from foreign producers caused
many parents to scale back operations
and to increase efficiency by reducing
technical and managerial staffs and
by adopting labor-saving technologies.'
The decreases in employment were
particularly large in primary metals
(from 991,000 to 334,000), in textile
products and apparel (from 668,000 to
322,000), and in motor vehicles and
equipment (from 1.4 million to 1.0
million).
In contrast to the declines in petroleum and manufacturing, parent employment was higher in 1989 in "services," in finance (except banking), insurance, and real estate (FIRE), in
transportation, and in wholesale trade.
In "services," increases were notable in
several consumer-oriented service industries; however, most of the overall
increase occurred in "business services not elsewhere classified" (especially in personnel supply services).
In FIRE, the most rapid growth occurred between 1977 and 1982 and was
centered in insurance. For the remainder of the 1980's, employment in
FIRE grew more slowly, as increases
in nonbank finance were partly offset
by decreases in insurance. In transportation, the increase resulted from
the addition of some very large U.S.
parents, mainly airlines, to the survey universe. (The addition of these
parents' affiliates had a much smaller
effect on affiliate employment because
the affiliates accounted for only a small
CHART 4
fraction of the parents' worldwide operU.S. Parent Employment,
ations.) In wholesale trade, increases
Percent Distribution by
were widespread.
dustries in terms of employment, accounted for a much smaller share of
all-U.S.-business employment than of
U.S. parent employment—21 percent,
compared with 57 percent.
The decline in parent employment
between 1977 and 1989 resulted
largely from efforts to trim operations in response to macroeconomic
and industry-specific changes. Weakness in domestic economic activity led
to a decline in parent employment between 1977 and 1982. During those
years, and also through 1989, many
parents in petroleum and manufacturing retrenched. In petroleum, the
decline in employment was related to
falling crude oil prices in the early- to
mid-1980's; in manufacturing, it was
related to falling market share, which
was lost to rising U.S. merchandise
imports, and to the increasing capitalintensity of production. In addition,
the large number of mergers and acquisitions involving U.S. parent companies caused employment to decline
as duplicative jobs were eliminated.
Parents in integrated refining and
extraction accounted for most of the
overall decline in petroleum; their employment fell from 709,000 in 1977 to
478,000 in 1989. During the mid1970's, some of the largest parents
in this industry—bolstered by high
profits, which provided an inexpensive source of ftinds—had diversified
into other industries, such as retail
trade and electronics manufacturing.
Parent companies sought diversification partly to secure their long-term
profitability, which was threatened by
increased control of crude oil production and prices by oil-producing countries. A decade later, in 1984-86,
Industry, 1977 and 1989
Percent
7. The decline in MNC employment may be slightly
overstated because of changes in the survey reporting
0
10
20
30
40
50 60
requirements between 1977 and 1989. In 1977, data
were collected for foreign affiliates (and their U.S. par- Manufacturing
ents) whose assets, sales, or net income (positive or
negative) were at least $500,000. In 1982 and 1989, the
exemption level was raised to $3 million; therefore, a Petroleum
number of very small affiliates (and their parents) that
were covered in the 1977 survey were not covered in FIRE
the 1982 and 1989 surveys. However, because the data
for these affiliates (and their parents) were very small, Services
their exclusion from the 1982 and 1989 data does not
significantly affect the comparability of the 1977 data
Wholesale Trade
with the 1982 and 1989 data.
8. Parents and affiliates are classified in "services"
• 1977 • 1989
if their primary activities are characteristic of the Other Industries
"services" division of the Standard Industrial Classification. Examples of such activities include personal
FIRE Finance (except banking). Insurance, and Real Estate
services and a wide variety of business, professional,
U.S. Department of Commerce. Bureau of Economic Analysis
and technical services.
•
•-,
—
Foreign affiliates
70
Nonbank foreign affiliates employed
6.6 million workers in 1989, down
from 7.2 million in 1977.
Weakness in worldwide economic activity
led to a decline in affiliate employment between 1977 and 1982. During
those years, and also through 1986,
9. For a detailed account of how automation and
imports have affected employment in the U.S. textile, steel, and auto industries, see U.S. Department
of Labor, Bureau of Labor Statistics, The Impact of
Technology on Labor in Four Industries, Bulletin 2228
(Washington, DC: U.S. Government Printing Office,
Mav 1985).
32
SURVEY OF CURRENT BUSINESS
October 1991
Table 3.—Employment by Nonbank U.S. Parents, by Industry of U.S. Parent, 1977 and 1982-89
Share of all-
Number of employees (thousands)
total (percent)
All industries
Petroleum
Oil and gas extraction
Crude petroleum (no refining) and natural gas ......
Oil and gas field services
Petroleum and coal products manufacturing
Integrated petroleum refining and extraction
Petroleum refining without extraction
Petroleum and coal products, n.e.c
Petroleum wholesale tiade
Other
1977
1982
1983
1984
1985
1986
1987
1988
1989'
1977
1989
18,884.6
18,704.6
18399J
18,130.9
18,112.6
17,831.8
17,985.8
17,737.6
18,721.0
100.0
100.0
890*5
69.0
37.3
31.6
717.7
709.0
1,129.6
110.3
18.3
92.1
797.3
780.7
7.8
8.7
211.8
10.2
1,0613
94.3
13.1
81.2
733.4
722.7
1,010.6
98.9
15.6
83.3
684.9
673.8
812.4
69.9
11.7
58.2
550.8
540.0
693.8
68.9
10.3
58.5
547.2
537.9
658.4
80.3
12.9
67.3
506.5
496.8
628.0
71.6
12.2
59.5
495.0
478.4
4.7
.4
.2
.2
3.8
3.8
S.4
.4
.1
.3
2.6
57.6
46.2
1,2253
146.7
20.4
126.3
892.7
877.8
5.8
9.0
159.2
26.7
223.6
10.3
216.5
103
181.2
10.4
68.4
93
60.7
11.0
57.8
3.6
8 8
.3
.2
8
8
Manufacturing .
(°)
8
(°)
(°>
(°)
.3
(*)
11,775.0
10,532.8
10,403.1
10,660.4
10,502.8
10,431.0
10,195.9
9,819.9
10,138.4
62.4
54.2
Food and kindred products
Grain mill and bakery products .
Beverages
Other
1,016.7
199.0
122.8
694.9
1,011.2
176.4
86.3
748.5
986.7
221.9
122.5
642.2
1,003.5
199.2
125.0
679.3
1,092.4
305.9
122.2
664.3
1,215.5
348.7
180.4
686.4
1.158.2
297,9
368.7
491.6
1,067.9
295.3
399.1
373.5
1.135.5
224.4
336.1
575.0
5.4
1.1
.7
3.7
6.1
1.2
1.8
3.1
Chemicals and allied products
Industrial chemicals and synthetics
1,207.7
652.8
253.9
167.4
21.3
112.3
1,364.6
660.1
299.4
207.4
90.4
107.4
1,368.3
650.7
308.2
188.4
1,328.6
608.8
292.7
195.5
(D)
1,291.4
483.6
3323
217.9
(D)
iP)
1.265.6
564.6
342.1
215.6
15.5
127.7
1,258.7
553.3
343.9
228.1
23.0
110.4
1,189.2
470.7
369.0
206.4
25.9
117.1
1,253.4
516.3
375.9
218.1
34.4
108.6
6.4
3.5
1.3
.9
.1
.6
6.7
2.8
2.0
1.2
1
.6
1,484.2
990.6
732.7
258.0
493.6
976.2
523.4
351.4
171.9
452.8
858.0
495.6
301.4
194.2
362.5
825.7
467.7
281.0
186.7
358.0
737.2
373.7
223.0
150.7
363.5
667.1
344.9
195.8
149.1
322.2
674.1
322.0
189.2
132.8
352.1
666.3
297.6
163.1
134.5
368.7
690.6
334.1
120.9
213.2
356.5
7.9
5.2
3.9
1.4
2.6
3.7
1.8
.6
1.1
1.9
Machinery, except electrical
Farm and garden machinery
Construction, mining, and materials handling machinery .
Computer and office equipment
Other
1,546.3
90.6
313.0
502.8
639.9
1,457.9
683
244.3
680.7
464.6
1.446.1
64.4
170.1
6873
524.0
1.566.0
66.2
180.1
760.0
559.7
1,406.5
55.7
172.4
746.9
431.5
1.217.7
52.2
1363
686.8
342.5
1.131.0
54.1
123.0
626 5
327.3
1.156.9
50.6
169.7
618.8
317.8
1.266.7
99.7
168.0
606.6
392.4
8.2
.5
1.7
2.7
3.4
6.8
.5
.9
3.2
2.1
Electric and electronic equipment
Household appliances
Household audio and video, and communications equipment .
Electronic components and accessories
Electrical machinery, n.e.c
1,274.1
169.6
320.3
157.1
627.0
1.619.5
91.9
609.9
290.1
627.6
1,651.3
1163
701.5
232.9
600.5
1.689.1
106.7
669.0
330.1
583.4
1,557.1
105.0
543.1
297.4
611.6
1,601.0
109.2
562.4
303.9
625.4
1,1493
60.3
302.7
227.0
559.4
1,042.5
59.2
278.6
189.8
515.0
1,016.3
84.5
489.9
199.3
242.6
6.7
.9
1.7
.8
3.3
5.4
.5
2.6
1.1
1.3
Transportation equipment
Motor vehicles and equipment
Other
2,289.0
1.356.9
932.1
1,6873
828.0
859.4
1,735.1
892.1
843.0
1,908.8
963.6
945.2
2.195.8
1,095.1
1,100.7
2,317.0
1,184.4
1.132.6
2,331.7
1.114.5
1,217.2
2,172.9
1,068.2
1.104.8
2,083.0
1,041.3
1,041.6
12.1
7.2
4.9
11.1
5.6
5.6
Other manufacturing
Tobacco products
Textile products and apparel
Lumber, wood, furniture, and fixtures
Paper and allied products
Priming and publishing
Rubber products
Miscellaneous plastics products
Glass products
Stone, clay, and other nonmetallic mineral products .
Instruments and related products
Other
2,957.0
98.0
667.8
268.4
341.6
253.4
293.7
67.3
131.1
170.6
414.7
250.4
2,416.0
161.0
437.7
174.1
293.5
276.8
200.4
35.7
108.8
140.1
427.6
160.4
2,357.6
169.1
404.0
166.5
275.8
273.5
202.4
43.5
102.5
121.6
416.5
182.1
2.338.6
172.0
430.7
177.2
259.1
284.0
208.1
46.0
106.3
118.1
396.0
140.9
2,222.4
92.9
421.2
167.9
255.0
3023
211.9
40.5
102.1
116.3
395.0
117.3
2.147.0
59.1
396.7
142.7
337.1
322.4
174.0
86.7
91.6
104.8
320.5
111.4
2,493.0
72.4
407.8
147.2
348.9
317.7
146.1
94.1
76.9
107.6
663.7
110.7
2,524.1
97.5
342.7
206.5
362.8
322.6
123.1
88.4
77.4
81.3
714.2
107.6
2,692.9
150.3
3223
245.4
404.0
367.7
147.9
101.4
102.3
86.1
665.7
99.9
15.7
.5
3.5
1.4
1.8
1.3
1.6
.4
.7
.9
2.2
1.3
14.4
.8
1.7
13
2.2
2.0
.8
.5
.5
.5
3.6
.5
271.0
129.9
141.1
396.7
189.0
207.8
378.9
202.3
176.6
372.7
173.7
199.0
367.5
149.0
218.5
317.6
156.9
160.6
314.7
137.0
177.8
341.8
163.3
178.5
423.7
204.1
219.7
1.4
.7
.7
23
1.1
1.2
Finance (except banking), insurance, and real estate ...
Finance, except banking
...„
Insurance
Real estate
«
„..„
Holding companies, except bank holding companies
S62.0
145.5
694.8
6.2
15.5
1,004.0
95.8
906.0
2.2
(*)
1,003.8
107.9
893.1
2.7
(*)
992.2
163.6
825.7
2.8
(*)
901.4
(D)
731.6
(D)
(*)
990.8
215.9
771.6
1,054.1
236.4
814.6
2.9
.1
1,0493
254.5
793.1
1.6
.1
1,080.9
241.8
835.5
3.6
•1
4.6
.8
3.7
(*)
.1
5.8
13
4.5
(*)
Services
Hotels and other lodging places
Business services
Advertising
Equipment rental (ex. automotive and computers)
Computer processing and data preparation services ...
Business services, n.e.c
Automotive rental and leasing, without drivers
„..
Motion pictures, including televsion tape and Film
Health services
Engineering, architectural, and surveying services
Management and public relations services
Other
739.6
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
993.8
162.9
296.3
48.2
5.4
65.4
177.3
30.7
44.0
228.1
73.3
15.9
142.6
1,035.5
172.3
307.2
56.3
5.5
59.6
185.9
30.8
43.7
238.0
603
16.8
1663
1,0603
187.9
302.6
60.0
4.8
43.8
194.0
28.0
53.6
244.4
55.4
19.0
169.4
1,167.5
208.4
361.3
62.2
4.9
48.4
245.7
34.1
29.0
276.3
52.6
15.8
189.9
1,262.5
254.0
362.8
50.7
7.1
56.1
248.9
(D)
29 5
29o!o
63.3
193
("*>
1,478.0
299.8
516.1
47.6
5.2
56.8
406.6
1,725.7
284.8
675.1
39.1
(D)
736
58.4
266.0
85.3
16.3
266.1
3.9
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
9.2
1.5
3.6
.2
(D
A
43.8
281.8
71.6
18.8
(D>
1430.0
292.6
554.4
43.7
4.8
57.9
448.0
67.3
49.1
287.4
573
19.8
202.7
4346.4
24.6
65.3
21.8
43.5
283.5
682.4
1.090.0
2,200.6
4,551.9
16.9
14.9
7.8
7.1
251.0
619.0
1.421.4
2,228.8
4,448.6
26.3
15.3
7.6
7.7
215.1
579.4
1,386.4
2,226.1
3,983.8
25.!
40.4
15.2
25.2
201.3
611.0
808.1
2,297.9
4,162.7
20.0
28.6
13.1
15.5
190.8
649.2
936.2
2,337.9
4,017.6
20.9
34.5
17.4
17.1
171.5
617.8
1,045.3
2,127.6
4,2493
26.2
30.4
14.0
16.4
135.2
708.7
1,022.6
2,326.3
43383
23.9
28.3
14.7
13.5
147.1
682.0
1.129.2
2327.9
4,724.2
14.7
37.0
21.7
153
111.2
1,014.8
1,178.9
2,367.6
23.4
.1
.3
.1
.2
1.5
3.6
5.8
11.7
25.2
.1
.2
.1
.1
.6
5.4
6.3
12.6
Soap, cieaners, and toilet goods
Agricultural chemicals
.
Chemical products, n.e.c
Primary and fabricated metals
Primary metal industries
Ferrous
Nonferrous
Fabricated metal products
Wholesale trade
Durable goods
Nondurable goods
„
,.
Other industries
Agriculture, forestry, and fishing
Mining
Metal mining
Nonmciallic minerals
Construction
Transportation
Communications and public utilities
Retail trade
,
„
,
• Less than 50 employees or .05 percent.
D
Suppressed to avoid disclosure of data of individual companies.
n.a. Not available.
1. Sec footnote 1 to table 1.
8
(°)
8
(D)
113 9
D
C)
i
3
1.4
3
.1
1.4
October 1991
SURVEY OF CURRENT BUSINESS
some parent companies shed foreign
affiliates in order to concentrate on
their core domestic businesses, which
were threatened by rising competition
from foreign producers and by hostile
takeovers. Some affiliates were sold
in response to worsening host-country
economic conditions, such as those
caused by the burdensome increases
in debt-service requirements of Latin
American governments. In the case
of South Africa, some affiliates were
sold because of U.S. public sentiment
against South Africa's social policies
and because of U.S. legislation discouraging direct investment in that country. Also contributing to the 1977-86
decline in affiliate employment were
increases in productivity due to the
introduction of labor-saving technologies. After 1986, affiliate employment
grew, reflecting renewed emphasis by
U.S. parents on foreign operations.
Manufacturers and providers of services were attracted by favorable conditions abroad, particularly prospects for
greater European economic integration
and for rapid economic growth in the
Pacific Rim.
The decline in employment by foreign affiliates contrasts with increases
in overall employment in some host
countries. From 1977 to 1989, affiliate employment in OECD countries
decreased 8 percent, while total employment in these countries grew 11
percent. The disparate growth rates
may primarily reflect selloffs of foreign
affiliates during 1977-82; after 1982,
the growth rates of affiliate and OECD
host country employment were similar.
thereafter.
The 1977-82 decrease
was widespread, particularly among
manufacturing industries.
In Africa, affiliate employment fell
from 287,000 in 1977 to 120,000 in
1989. The sharpest declines occurred
after 1982 and largely reflected selloffs
of affiliates in South Africa.
In South America, affiliate employment fell from 771,000 in 1977 to
651,000 in 1989. From 1977 to 1982,
the decline was concentrated in Argentina, Brazil, and Colombia and
resulted from divestitures and reductions in capacity, partly in response
to deteriorating economic conditions.10
Much of the decline after 1982 reflected
selloffs of Venezuelan affiliates.
Affiliate employment increased in
two regions—Central America and
Asia and Pacific. In Central America, affiliate employment grew from
480,000 in 1977 to 604,000 in 1989.
Especially rapid growth in Mexico reflected the establishment of affiliates
along the U.S. border to take part
By area.—The small decline in affiliate employment between 1977 and
1989 reflects offsetting changes among
areas. The declines are concentrated
in Europe, Canada, Africa, and South
America, and the increases are concentrated in Central America and in Asia
and Pacific (table 4, chart 5).
In Europe, affiliate employment fell
from 3.1 million in 1977 to 2.7 million in 1989. It declined sharply
during 1977-82, probably because of
the recession in many countries; after
1982, affiliate employment decreased
slightly. The 1977-82 decline was
widespread, but the decreases were
especially large in the United Kingdom and Spain, where a number of
manufacturing affiliates were sold.
In Canada, affiliate employment
was 945,000 in 1989, down from
1.1 million in 1977. Employment
showed a pronounced drop between
1977 and 1982 and increased slightly
CHART 5
10. In 1981, a sharp rise in world interest rates led to
burdensome increases in the debt-service requirements
of Latin American governments. To conserve foreign
exchange needed to service the debt, some host governments in the region sought to decrease imports through
import restrictions, currency devaluations, and austerity measures. As a result, affiliates of U.S. MNC's found
it more difficult or expensive to import intermediate
goods, as well as more difficult to sell goods in local markets. In addition, the region's rapid inflation tended to
encourage affiliates to invest their profits in high-yield
financial instruments rather than in new capital goods.
These conditions lasted until the late 1980's, when an
improved business climate and a revival of pro-foreigninvestment policies in some of the larger host countries
began to encourage affiliates to expand operations.
Foreign Affiliate Employment,
Percent Distribution by
Area, 1977 and 1989
33
11
in the maquiladora program and
the expansion of affiliates in central
Mexico in response to the country's
economic revitalization and improved
climate for foreign direct investment.
In Asia and Pacific, affiliate employment grew from 1.2 million to 1.4 million. Over one-half of the increase was
in Australia and was attributable to
the acquisition of minority-owned affiliates; employment by majority-owned
Australian affiliates declined. The increases in employment in East Asian
countries, such as Thailand and Singapore, were in response to the region's rapid economic growth and to
the relatively open direct investment
and foreign trade policies in some
of the newly industrialized countries.
Employment by Japanese affiliates declined in 1977-89, but the decline
mainly resulted from the sale of a
minority interest in a large company
between 1977 and 1982; employment
by majority-owned affiliates in Japan
doubled from 1977 to 1989.
By industry.—The small decline in
affiliate employment between 1977 and
1989 reflects larger offsetting changes
among industries; declines in most
manufacturing industries, construction, mining, and petroleum refining
more than offset increases in retail
trade and "services" (table 5, chart 6).
Manufacturing affiliates employed
4.2 million workers in 1989, down
from 4.8 million in 1977. The decline in manufacturing employment
11. This program allows Mexican affiliates to import
components for assembly, free of customs duties, from
the United States if at least 50 percent of the finished
goods are exported to the United States. U.S. duties are
levied only on the value added in Mexico.
CHART 6
Foreign Affiliate Employment,
Percent Distribution by
Industry, 1977 and 1989
Europe
Asia and Pacific
Percent
0
Canada
10
20
30
40
50
60
Manufacturing
Latin America and
OWH of which:
Mexico xzzn
70
i
Petroleum
Africa
FIRE
Services
Wholesale Trade
•
OWH Other Western Hemisphere
1977D1989
Other Industries
1 "International" affiliates are those that have operations in more
than one country and that are engaged in petroleum shipping,
other water transportation, or operating movable oil-and gas-
FIRE Finance (except banking). Insurance, and Real Estate
drilling equipment.
U.S. Department of Commerce, Bureau of Economic Analysis
91 1
o5
U.S. Department of Commerce, Bureau of Economic Analysis
91-10-6
SURVEY OF CURRENT BUSINESS
34
October 1991
Table 4.—Employment by Nonbank Foreign Affiliates, by Country, 1977 and 1982-89
Share of all-
Number of employees (thousands)
(percent)
1977
1982
1983
1984
1985
1986
1987
1988
1989'
7,196.7
6,640.2
6383.1
6,417.5
6,419.3
6,250.2
6,269.6
6,403.5
Canada
1,064.5
913.8
900.6
897.9
900.6
905.1
907.8
Europe
3,110.5
2,766.7
2,649.2
2,725.2
2,760.0
2,617.1
Austria
Belgium ....
Denmark ...
Finland
France
32.1
157.0
20.3
5.5
470.9
31.7
130.1
18.0
36.7
132.5
17.9
35.1
131.4
19.3
528.2
35.5
129.0
18.3
5.2
508.5
506.0
Germany, Federal Republic of
Greece
Ireland
Italy
Luxembourg
Netherlands
587.4
16.6
27.6
212.8
541.3
13.4
38.4
188.0
531.5
11.8
34.8
182.4
535.9
11.2
33.9
229.4
All countries ....
Norway ,..,.,
Portugal „...„
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other
;,„
5.1
5.2
1977
1989
6,621.4
100.0
100.C
965.5
945.4
14.8
14.3
2,608.0
2,632.6
2/70SJ
43.2
40.9
32.5
129.6
19.4
31.9
121.1
19.9
33.4
124.4
19.5
29.7
130.3
20.7
2.C
7.5
.4
2.2
.3
.1
510.2
368.3
355.1
365.7
408.9
6.5
538.6
10.2
35.2
231.1
555.1
552.9
10.3
35.8
237.2
541.7
11.5
39.4
235.4
551.5
13.5
42.3
186.7
8.2
5.2
5.8
9.8
33.7
203.2
5.6
5.9
8.3
.2
.6
3.0
2.8
.1
1.9
.1
2.1
7.5
7.1
7.0
8.1
8.5
8.7
7.6
7.6
8.0
135.3
128.1
131.2
133.8
135.7
130.4
132.0
138.8
21.6
19.4
216.7
42.9
47.1
14.6
1,069.3
5.1
20.2
24.4
163.8
37.6
42.3
8.5
830.7
18.6
22.6
151.0
32.3
44.7
21.8
22.1
157.6
37.7
45.6
798.1
21.0
25.0
152.7
37.7
46.8
9.0
807.3
819.8
19.3
22.3
162.5
37.5
47.9
10.7
797.4
20.6
22.1
155.2
37.5
48.0
13.5
817.0
27.4
24.0
150.8
36.7
47.6
16.3
864.2
14.9
2.6
18.6
22.7
154.9
33.4
46.0
8.1
771.1
2.3
1.9
2.0
1.8
2.7
2.5
3.5
.1
9.0
.3
.1
6.2
.2
.4
136.1
8.0
A
.3
.3
3.0
.6
.7
.2
A
A
2.3
.6
.7
.2
13.]
1347.0
1350.6
1,242.6
1,216.7
1,230.5
1,195.2
1,233.2
1,251.2
1301.2
18.7
19.7
South America ....
Argentina
Brazil
Chile
Colombia
Ecuador ...
Peru
Venezuela
Other
771.0
108.0
435.7
10.1
61.3
655.4
82.1
377.0
12.6
54.0
11.5
24.2
83.4
10.6
641.5
81.0
377.0
12.7
51.7
12.1
20.6
76.4
10.0
638.9
70.9
392.0
11.9
50.2
11.9
18.3
74.3
670.9
68.4
432.7
12.9
44.2
12.0
17.0
74.3
9.4
661.7
67.4
424.6
14.5
45.8
11.3
16.3
71.6
10.1
10.7
9.1
9.4
631.6
68.4
403.2
13.2
40.7
11.4
16.2
68.2
10.4
650.8
62.5
436.9
19.3
40.2
26.3
101.2
18.7
728.7
80.6
425.6
12.7
54.5
12.0
26.1
102.7
14.5
Central America
Costa Rica
Guatemala
Honduras .
Mexico ....
Panama ....
Other
480.4
22.3
22.6
24.7
370.1
20.8
19.9
565.3
18.7
15.9
27.1
470.3
23.3
10.0
534.5
23.6
14.3
25.6
442.9
19.0
523.4
22.3
16.6
24.4
430.0
20.4
551.7
20.6
16.5
22.9
465.9
21.1
524.6
19.3
15.6
21.9
441.9
21.6
523.1
20.0
16.2
21.9
438.1
22.4
549.0
20.5
17.1
23.7
460.1
23.2
9.7
4.7
4.3
4.5
4.4
604.3
23.9
19.2
21.7
515.8
20.6
3.1
5.1
.3
.3
95.7
56.6
52.7
51.8
39.9
39.0
40.5
46.1
1.3
7.6
7.8
7.5
3.6
7.2
3.4
6.8
3.9
8.2
3.6
6.6
2.2
8.7
1.4
2.5
3.0
3.5
46.6
10.4
12.6
10.9
2.7
9.8
5.2
2.1
2.3
5.2
2.2
8.3
.6
.6
.1
.1
15.7
3.6
10.9
7.4
6.2
2.5
9.7
3.3
12.8
3.0
10.6
7.7
3.5
10.2
39.2
6.6
2.2
3.1
5.8
3.7
3.7
3.8
2.6
.2
1.1
5.0
.5
3.9
.7
3.8
.8
4.2
.7
4.0
.7
3.8
2.4
1.5
3.9
3.9
1.4
1.3
287.2
251.4
237.6
224.9
186.5
9.1
11.8
99.5
66.1
177.6
9.5
12.2
87.7
68.2
150.6
9.7
12.4
61.6
66.9
120.4
12.7
91.8
15.1
68.3
3.1
5.2
102.0
24.5
70.7
2.4
1,416.2
391.9
10.6
78.4
37.8
38.0
388.0
70.0
60.3
22.3
100.4
81.5
63.4
59.9
13.7
28.0
Latin America and Other Western Hemisphere .
9.6
Other Western Hemisphere
Bahamas
Barbados
Bermuda
Dominican Republic
Jamaica
,
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands, Caribbean .,
Other
4.6
Africa
7.6
7.2
8.7
17.5
126.8
86.1
15.3
119.7
81.2
1383
21.2
57.0
154.5
23.8
113.1
147.7
16.6
117.8
137.9
17.1
107.2
123.4
16.9
93.8
108.0
13.6
83.6
99.7
15.6
74.3
7.7
9.9
6.2
4.4
8.4
3.2
7.1
6.1
7.5
4.1
53.6
6.6
6.6
1,2083
269.3
D
1,159.7
311.2
1,170.0
299.0
1,182.0
297.4
1,155.5
290.4
1,214.7
343.6
44.8
94.6
52.5
389.1
31.1
36.0
21.2
111.8
44.2
68.0
27.3
(D)
45.8
75.2
57.2
302.0
32.2
60.8
19.7
104.7
46.1
57.8
29.4
16.5
48.3
74.9
49.7
310.5
36.5
62.8
18.4
104.4
51.3
60.9
29.4
22.7
52.6
74.8
47.8
3I3.I
38.3
66.6
19.5
97.1
56.6
64.9
29.9
18.1
47.6
70.1
45.9
329.6
40.0
64.8
17.9
91.2
47.4
58.7
30.9
15.3
U10.8
344.9
6.6
46.8
62.4
38.3
341.5
46.7
62.2
16.8
91.7
47.5
62.5
29.7
13.2
48.9
54.7
37.9
344.3
56.4
63.5
17.1
91.5
51.5
53.2
31.0
14.2
U83.9
369.0
9.0
49.2
52.0
39.0
363.1
65.8
64.3
18.8
95.9
55.7
55.3
33.6
13.2
40.9
43.7
35.5
33.1
31.5
27.6
28.7
28.1
6.5
( )
D
( )
2,941.6
304.9
* Less than .05 percent.
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1 to table 1.
2. See footnote 1 to table 2.
3. "Eastern Europe" comprises Albania, Bulgaria, Czechoslovakia, German Democratic Republic, Hungary,
Poland, Romania, and the Union of Soviet Socialist Republics.
4. Sec footnote 2 to table 2.
5. OPEC (Organization of Petroleum Exporting Countries) comprises Algeria, Ecuador, Gabon, Indonesia,
Iran, Iraq, Kuwait, Libya. Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela.
11.6
16.1
135.9
91.8
2
a
3.2
5.7
Middle East
Israel
Saudi Arabia
:
United Arab Emirates „
Other
International
5.3
2.3
17.9
126.0
137.5
Nigeria
!
South Africa .
Other
Addenda:
Eastern Europe3
European Communities (12) 4 .
OPEC'
8.2
3.8
3.3
217.7
10.2
11.0
115.6
80.9
Egypt
Asia and Pacific
Australia
.,
China
Hong Kong
India
!
Indonesia
Japan
Korea, Republic of .
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Thailand
Other
8.8
9.1
1.1
0
2,618.7
321.0
1.2
0
2.500.1
296.1
5.3
0
2,577.9
274.6
5.7
6.9
9.3
14.1
61.1
7.3
3.1
18.7
6.9
38.2
62.6
4.3
.2
.3
.2
.3
.8
2,603.2
254.0
2,462.9
221.3
2,452.4
217.4
2,471.2
208.3
2,539.7
194.5
1.5
6.1
.1
.9
.1
.4
1.4
.3
6.6
.3
.6
.1
.2
.9
.1
6.7
.3
.3
9.1
A
.3
.3
.3
7.8
.3
(*)
.7
.1
.1
(*)
(*)
(*)
.1
4.0
.1
.2
1.8
(*)
(*)
.3
.1
(*)
(*)
(*)
(*)
1.8
.2
.1
.6
1.9
.9
1.9
.3
.8
.1
.7
1.5
A
1.1
(*)
.1
16.8
21.4
3.7
(D)
.6
5.9
.2
1.2
.6
.6
1.3
.7
5.4
.4
5.9
1.1
.5
.3
1.6
1.5
.6
.9
.9
.3
1.2
I.C
.4
A
.2
.6
A
(D)
(D)
40.9
4.2
n
38.4
2.9
35
SURVEY OF CURRENT BUSINESS
October 1991
Table 5.—Employment by Nonbank Foreign Affiliates, by Industry of Affiliate, 1977 and 1982-89
Share of all-
Number of employees (thousands)
otal (percent)
All industries
....
. . .
IntcEnited petroleurn refining and extraction
Petroleum wholesale trade
Other
...................
'
....... .........
.....
.......
Manufacturing
.......
........
Other
Industrial chemicals and synthetics
Agricultural chemicals
.
Ferrous
.....
.
Machinery except electrical
Kaim and canicn machinery
Computer and office equipment
Other
.............
........ ........
..............
• .
. .
.......
Electric and electronic equipment
........
...
....
....
.
......
Electronic components and accessories
...
Other
Other manufacturing
Tobacco products
......
...
......
.
.....
. .
....
Lumber wood furniture and fixtures
.......
Printing and publishing
Rubber products
. ...
........
........
* *•
Other
Wholesale trade
Durable goods
..... .
...
..
„
Finance except bankinz
.
Real estate
•***
**+•+.*. ...«...*.....................
Holdine comoanies exceDt bank holding companies
Hotels and other lodging places
>
Computer processing and data preparation services ....
Business services n c c
Motion pictures including televsion tape and film
Health services
Engineering architectural and surveying services
Management and oublic relations services
Other
............
Other industries
......
Agriculture forestry and fishing .
Mining
Metal mining
Retail trade
.......
..................
... . .
......
....
*
.
.......
....
....
.......
.
«
...
.
* Less than .05 percent.
D
Suppressed to avoid disclosure of data of individual companies.
n.a. Not available.
I. Sec footnote 1 to table 1.
...
. . . . .
........
.......
1987
1988
1977
1982
1983
1984
1985
1986
1977
1989
7,196.7
6,640.2
6383.1
6,417.5
6,4193
6,250.2
6,269.6
6,4033
6,621.4
100.0
100.0
369.9
96.2
44.7
51.5
185.6
106.1
73.4
6.1
55.9
32.2
410.7
129.0
59.7
693
206.2
135.8
67.2
3.2
49.4
26.1
380.1
119.6
59.8
59.8
193.9
128.2
62.8
2.9
44.1
22.5
359.7
114.6
62.6
52.1
184.0
119.7
61.5
2.8
37.9
23.1
336.2
117.6
65.0
52.6
159.5
97.4
59.2
2.9
39.6
19.5
295.2
95.7
58.9
36.7
142.3
86.7
53.2
2.5
37.6
19.6
289.8
93.9
57.2
36.7
138.8
81.5
54.4
2.9
37.6
19.4
296.1
1073
693
38.0
128.4
743
51.1
3.0
40.6
19.8
290.8
99.3
66.7
32.7
129.6
39.4
(D)
39.4
22.5
5.1
13
.6
.7
2.6
1.5
1.0
.1
.8
.4
4.4
1.5
1.0
.5
2.0
(D)
.6
(D)
.6
3
4,849.0
4,428.6
4,229.6
4370.0
4348.7
4,120.9
4,117.8
4,144.1
4,188.8
67.4
633
436.2
90.1
56.2
290.0
447.7
128.4
74.2
245.2
422.9
117.5
78.3
227.1
416.8
95.9
74.6
246.3
399.2
H2.2
61.6
2253
399.5
112.7
65.8
221.0
407.1
118.2
64.4
224.5
416.4
117.1
73.0
2263
479.0
115.0
139.8
224.2
6.1
13
.8
4.0
7.2
1.7
2.1
3.4
614.1
223.9
1783
117.6
27.8
66.5
589.6
200.4
176.9
120.5
22.7
69.2
572.8
1973
178.5
115.0
18.8
63.0
563.8
1953
174.6
110.9
16.5
66.4
576.8
197.5
182.0
113.8
183
65.2
569.9
186.5
182.S
119.8
18.7
623
579.8
188.7
189.8
118.8
18.4
64.1
593.7
195.9
1913
1223
17.6
66.4
5803
191.4
168.8
133.9
143
71.8
8.5
3.1
2.5
1.6
.4
.9
8.8
2.9
2.5
2.0
.2
1.1
396.2
171.9
67.0
104.9
224.3
320.6
111.5
52.7
58.8
209.1
2873
106.0
50.8
55 2
181.3
287.2
103.3
493
53.7
184.0
2793
98.2
49.8
48.4
181.1
273.8
953
48.8
46.5
1783
261.4
90.1
44.6
45.5
1713
228.1
60.3
19.1
41.2
167.8
221.8
57.5
10.6
46.9
164.2
5.5
2.4
.9
1.5
3.1
33
.9
.2
.7
2.5
627.4
59.6
152.0
206.5
209.3
525.5
363
106.2
179.7
203.4
504.9
34.6
94.1
181.2
195.1
5713
32.1
88.1
248.9
202.1
573.5
30.9
95.5
252.6
194.5
541.5
34.8
95.3
214.2
197.1
565.1
30.1
94.5
257.2
183.3
557.5
26.6
87.1
264.2
179.6
552.7
8.7
.8
2.1
2.9
2.9
83
7563
1170
249.9
219.0
170 4
677.7
80 9
197.1
2303
169.4
673.8
93 6
193.7
256.0
130 6
705.1
92 5
202.5
275.9
134.2
680.7
97.5
1923
268.8
122.2
7283
101.8
251.7
265.2
109 6
684.6
111.1
194.9
2683
1104
665.9
107.9
169.7
277.2
111.1
649.9
90.1
153.3
289.6
116.9
103
1.6
3.5
3.0
2.4
9.8
1.4
23
4.4
1.8
9096
838.0
71.6
926.4
868.8
57.6
893 0
8403
52.8
913 6
858.7
55.0
950.4
895.4
55.0
759.9
701.2
58.6
7743
7053
68.8
821.2
751.0
70.2
833.0
795.2
37.8
12.6
11.6
1.0
12.6
12.0
.6
U09.I
51.8
142.1
57.8
161.5
34.0
183.1
38.7
68.2
82.9
176.7
1123
941.1
73.0
95.5
42.1
155.8
30.0
127.2
47.6
59.8
73.0
174.5
62.6
874.7
71.9
86.8
34.3
147.2
31.8
1193
44.9
57.9
57.9
156.9
65.6
912.2
106.4
84.4
30.7
146.5
34.3
121.9
47.5
57.8
57.8
157.1
67.8
888.8
100.7
83.4
30.9
140.2
32.8
121.6
48.2
56.4
57.0
159.4
58.2
848.0
94.7
86.8
27.4
1203
29.8
115.5
50.5
57.0
51.5
158.0
56.7
845.5
98.5
83.2
26.5
123.0
30.7
107.5
52.4
593
49.6
169.4
45.6
8613
102.0
813
27.4
134.2
32.1
1023
53.7
55.7
49.1
175.9
47.7
872.1
55.1
87.2
50.0
151.2
32.4
1093
49.5
56.0
40.7
1893
513
15.4
.7
2.C
.8
2.2
'9
1.2
2.5
1.6
13.2
.8
13
.8
23
.5
1.6
.7
.8
.6
2.9
.8
564.6
341.0
223.6
4773
351.0
1263
460.4
333.1
127.3
4513
325.8
125 1
458.4
336.9
121.5
439.2
367.8
121.4
495.6
373.2
122.5
501.6
381.8
119.8
534.8
395.0
139.8
73
4.7
3.1
8.1
6.0
2.1
93.7
24.3
61.9
1.5
6.0
1183
32.2
82.0
2.0
2.1
127.1
39.2
84.2
13
2.4
122.0
39.1
78.2
13
33
139.8
42.8
94.0
1.1
1.9
144.5
46.8
94.5
1.0
2.2
153.6
52.1
98.1
1.2
23
163.0
57.1
99.9
3.1
2.9
160.4
61.7
94.(
2.5
23
308.1
n.a.
n a.
n.a.
n.a.
3073
50.7
143 0
29 3
303.8
513
148.7
30.0
lOi
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
318.5
55.3
144.4
29.5
32.6
12.1
70.2
12.0
6.5
18.1
31.7
13.7
36.8
S
10.9
7.9
12.8
27.7
12.4
32.0
296.1
50.8
141.7
32.2
26.7
18.0
64.7
11.1
7.8
15.0
26.8
12.4
30.5
318.8
49.9
154 3
36.6
28.6
21.5
67.7
U.I
19.9
16.1
25.9
12.1
29.7
347.9
55.2
162 4
38.1
24.1
25.2
75.0
14.
20.2
17.7
24'
17.8
363
3733
563
182.9
41.4
24.1
27.6
89.8
18.6
19.8
13.5
28.7
19.1
34.4
483.0
55.0
259.4
45.9
5.0
42.6
166.0
(D
24.
18.8
27 7
183
43
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a
n.a
n.a.
n.a.
n.a.
n.a.
73
.8
3.9
.7
.1
.6
2.5
D
( )
.4
3
.4
3
1,011.4
130.4
187.8
1683
19.5
179.4
48.1
40.0
425.7
887.0
102.6
140.5
123.2
173
88.4
47.1
42.4
466.0
810.8
97.2
119.8
107.8
12.0
55.6
46.8
44.5
446.9
840.1
103.3
119.6
107.6
12.0
73.4
43.9
41.4
458.5
881.6
90.1
108.5
96.:
12 2
56.7
463
433
536.5
865.0
91.3
97.8
84.
13.0
50.4
39.0
46.
539.
925.4
96.6
90.2
753
14.9
60.0
44.9
47.9
585.
963.6
87.
88.
76.2
12.4
53.
54.
53.
627.
14.
1.
2.
2.
14.6
13
1.3
1.2
.2
.8
.8
.8
9.5
11.0
7.6
18.2
31.1
12.9
32.7
100.0
121.8
110.7
11 1
84.0
47.7
44.2
481.0
91.9
242.0
2.5
c
(*)
1.4
3.7
2.4
.9
1.4
(*)
23
5.
36
was centered in industries in which
U.S. parent companies experienced
vigorous domestic competition from
foreign producers—primary and fabricated metals, consumer electronics,
tires, automobiles, and textiles. In
some cases, the declines resulted from
the shedding of foreign affiliates as
part of a worldwide restructuring. In
other cases, the declines reflected the
adoption of labor-saving production
techniques.
In primary and fabricated metal
products, affiliates employed 222,000
workers in 1989, down from 396,000
in 1977. The decrease partly resulted
from the sale of steel- and aluminumproducing affiliates. In steel, a large
U.S. parent sold off foreign assets as
part of a global restructuring intended
to ward off a takeover attempt. In aluminum, several affiliates in the United
Kingdom and India were sold in the
early 1980's, as producers sought to
cope with high energy costs and falling
aluminum prices.
In household audio and video and
communications equipment, affiliate
employment fell from 250,000 workers
in 1977 to 153,000 in 1989. Several large diversified U.S. parent companies sold their consumer electronics operations to foreign producers so
that they could concentrate on more
profitable business lines.
In rubber products, mainly tires, affiliate employment fell from 183,000
in 1977 to 109,000 in 1989. During
the 1980's, some parents sold foreign
affiliates to raise funds for capital investment to meet rising competition in
the United States from Japanese and
European producers.
In motor vehicle manufacturing, affiliate employment fell from 838,000
in 1977 to 701,000 in 1986 and increased thereafter to 795,000 in 1989.
In the late 1970's and early 1980's, a
shift in consumer preferences toward
smaller, more fuel-efficient cars put
U.S. auto producers at a competitive
disadvantage vis-a-vis foreign producers. lb increase their competitiveness,
U.S. producers invested large sums to
develop and produce new products. Because falling sales constrained profits,
some U.S. producers sold off foreign operations to raise the necessary funds
for investment. After 1986, affiliate
employment in motor vehicle manufacturing rose again, as some U.S.
producers focused on certain overseas
markets where profits were higher and
competition not so intense.
In textile products and apparel, affiliate employment fell from 142,000 in
SURVEY OF CURRENT BUSINESS
1977 to 87,000 in 1989. The decline
was widespread and probably reflected
increased automation.
Outside manufacturing, affiliate employment declined in construction,
mining, and petroleum refining. In
construction, employment fell from
179,000 in 1977 to 54,000 in 1989 as
a result of depressed activity and increased international competition. In
mining, employment fell from 188,000
in 1977 to 89,000 in 1989. Much of
the decline was in Africa, where some
very large operations were sold, partly
in response to declining commodity
prices. In petroleum, employment
fell from 370,000 in 1977 to 291,000
in 1989, partly because of worldwide
overcapacity in the refining sector.
Affiliate employment grew in retail
trade and in "services." In retail trade,
employment increased 'from 426,000 in
1977 to 627,000 in 1989. Most of
the increase reflected MNC's in the
fast food industry seeking to expand
beyond the saturated U.S. market.
In "services," employment increased
from 308,000 in 1977 to 483,000 in
1989; most of the increase occurred after 1982. Many "services" industries
showed increases; however, the overall increase was largely centered in
personnel supply services.
Selected Aspects of MNC
Operations in 1989
This section presents an analysis of
detailed data from the 1989 benchmark survey that were also collected
in the previous benchmark survey but
not in the annual surveys. These
data—most of which were collected
only for majority-owned foreign affiliates (MOFA's)—include U.S. merchandise trade by product, by intended use,
and by destination or origin; compensation of and hours worked by production workers of MOFA's in manufacturing; research and development expenditures and employment by MOFA's and
their U.S. parents; and sales of goods
and services by MOFA's and their
U.S. parents by destination and affiliation. This section also discusses the
industrial specialization of MNC's in
1989.
Merchandise trade
Exports.—In 1989, U.S. merchandise exports shipped to MOFA's, at
$97.1 billion, were 95 percent of exports shipped to all foreign affiliates and 40 percent of total MNCassociated exports (table 6). Most
October 1991
exports to MOFA's—$85.6 billion, or
88 percent—were shipped by U.S.
parents.
By destination, exports to MOFA's
in Canada were largest, at $37.8 billion (table 7). A significant portion
of the exports to Canadian MOFA's—
15 percent—were shipped by unaffiliated U.S. persons; these exports accounted for over one-half of the shipments to all MOFA's by unaffiliated
U.S. persons. Factors contributing to
the large trade with Canada were the
1965 U.S.-Canadian automotive trade
pact, which eliminated tariffs on such
trade, and the geographical proximity
and economic similarities between the
two countries. Exports to European
MOFA's were $29.5 billion. Within Europe, exports to MOFA's in the United
Kingdom were largest, at $7.7 billion.
By product, nearly two-thirds of total U.S. exports shipped to MOFA's
consisted of machinery, both electrical
and nonelectrical,
and of road vehicles
and parts.12 Exports of chemicals and
12. The product categories used in the benchmark
survey are based on the Standard International Trade
Classification (SITC). For a description of the SITC,
see Standard International Trade Classification, Revision 2 (United Nations Statistical Papers, Series M, No.
Table 6.—U.S. Merchandise Trade Associated
with Nonbank U.S. MNC's, 1988 and 1989
[Millions of dollars!
MNC-associated U.S. exports, total
Shipped to affiliates2
To MOFA's
By U.S. parents
By unaffiliated U.S. persons
To other affiliates3
By U.S. parents
By unaffiliated U.S. persons
Shipped to other foreigners by U.S. parents ....
Of which: Shipped4 to foreign parent groups
of U.S. parents
MNC-associated U.S. imports, total .
Shipped by affiliates2
By MOFA's .,
To U.S. parents
To unaffiliatcd U.S. persons .
By other affiliates3
To U.S. parents
To unaffiliated U.S. persons
Shipped by other foreigners to U.S. parents ....
Of which: Shipped by foreign parent groups
of U.S. parents*
1988
1989'
215,207
241,491
102,067
97,077
94,881
90,780
78,204
12,575
4,101
85,648
n.a.
120,326
11,428
4,990
3.503
1,487
139.425
180,917
87,291
75.578
65.464
10,113
11,713
n.a.
n.a.
93,626
192484
93,694
84,848
72,374
12,474
8,846
3,610
5,236
98,890
n.a.
10,104
29,781
Addenda:
AH U.S. merchandise exports
MNC-associated U.S. exports as share of total
(percent)
320,337
67
67
All U.S. merchandise imports
MNC-associated U.S. imports as share of total
(percent)
447,323
477368
40
40
361,451
n.a. Not available
MNC Multinational company
MOFA Majority-owned foreign affiliate
1. See footnote 1 to table 1.
2. As reported on foreign affiliates' forms.
3. For 1988, U.S. exports shipped to minority-owned foreign affiliates
are not available by affiliation of shipper, and U.S. imports shipped by
minority-owned foreign affiliates are not available by affiliation of person to whom the goods were shipped.
4. For U.S. parents that are, in turn, owned 10 percent or more by
a foreign person, the foreign parent group consists of (1) the foreign
parent of the U.S. parent, (2) any foreign person, proceeding up the foreign parent's ownership chain, that owns more than 50 percent of the
person below it, and (3) any foreign person, proceeding down the ownership chain(s) of each of these members, that is owned more than 50
percent by the person above it.
SURVEY OF CURRENT BUSINESS
October 1991
37
a single country. Nearly all of the im- and on the number of hours worked
portsfromMexico were shipped to U.S. by and the compensation paid to these
parents; these imports were largely workers (table 8). Employee comof finished goods that had been ex- pensation includes wages, salaries,
ported by the parents to Mexico as and payments for employee benefit
components for assembly under the plans, such as pension funds, health
maquiladora program. Imports from insurance, and other fringe benefits.
Asia and Pacific, particularly SingaIn interpreting the estimates of compore, and from Europe, particularly pensation, it should be noted that the
the United Kingdom, were also sizable. hourly rates are a measure of labor cost
Most of the imports from Singapore per unit of time worked, not a measwere of electronic components.
ure of labor cost per unit of output;
By product, the majority of im- these two measures can differ because
ports shipped by MOFA's consisted of variations in productivity. The esof road vehicles and parts and of timates of output required to measure
machinery—both electrical and non- labor costs per unit of output (that is,
electrical. Imports of petroleum and gross product originating in foreign afproducts and of "other manufactures" filiates) are not yet available, but BEA
were also substantial.
plans to prepare such estimates in the
next year.
Compensation of production workers of
For MOFA's, the average compenmanufacturing affiliates
sation per hour of production workers was $10.46 in 1989. For coun34/Rev. 2, New York: United Nations, 1975). In addiFor MOFA's in manufacturing, de- tries
which affiliates employed more
tion, product classifications are summarized in BEA's
tailed estimates are available on the than in1,000
Guide to Industry and Foreign Trade Classifications for
production workers, avnumber of their production workers erage compensation
International Surveys.
per hour ranged
from $23.27 in Japan to $1.29 in
China.
Among the five countries
Table 7.—U.S. Merchandise Trade Associated With Majority-Owned Nonbank Foreign Affiliates,
having the most affiliate production
by Area of Destination or Origin, by Product, and by Intended Use, 1989
workers, hourly compensation aver[Millions of dollars]
aged $16.66 in Canada, $11.99 in the
Exports shipped to affiliates
Imports shipped by affiliates
United Kingdom, $17.11 in Germany,
Shipped to
Shipped to
Shipped by
Shi]
ihipped by
$4.53 in Brazil, and $2.44 in MexTotal
unaffiliated
unaffUiated
ico. The average compensation per
U.S. persons
parents
U.S. persons
parents
hour of production workers of manuAll areas, all products .
12*474
72^74
97,077
84348
11,428
85,648
facturing MOFA's in many countries
By area of destination or origin
is substantially less than the $14.31
Canada
,..,..,,.„,......,....,
32,461
32,060
6,462
37,843
5.783
38.923
average hourly compensation of proEurope
....................
13.027
2,169
29.510
26,995
15.196
2,515
Ofwhicht
duction workers in manufacturing in
3.314
1,451
112
1,564
3.550
237
4,836
Germany, Federal Republic of
287
1.759
2,045
5,107
the
United States. However, produc271
1,495
97
550
646
1.785
290
Italy „„„
,
..,
tion workers of manufacturing MOFA's
3,401
67
853
3,652
920
251
Netherlands
1,128
30
569
1,244
117
599
Switzerland
in most countries earn more per hour,
6,845
4,114
7,687
842
1.387
5.501
United Kingdom
9,322
11.095
9,591
1,773
809
10,400
Latin America and Other Western Hemisphere
on average, than do all production
Of which:
644
5.996
6,410
6,640
6,461
51
Mexico
workers in
manufacturing in those
(
)
1.637
(°)
677
(
)
2314
13
A
. . . . .
317
89
149
362
406
511
countries.
Middle East
'.
16,447
2.209
15,295
1.103
17.504
17.550
Asia and Pacific
By industry, compensation rates
Of which:
743
2.893
3,184
597
1.339
290
Australia •
ranged from $13.14 in nonelectrical
2.622
797
2,186
2.093
3,418
92
Hong Kong
1,959
271
6,256
6.044
2,230
212
machinery to $6.56 in electric and
japan
4,942
100
2,335
2.128
5,041
207
Singapore .«••
0
( )
(*)
(*)
electronic equipment. The high rate
International'
Addendum:
in
nonelectrical machinery reflects the
2,098
11,083
13,181
2,314
25.047
27.361
European Communities (12)
relatively high proportion of employBy product
ment in that industry that is in high222
Food
1,240
1.462
2,524
701
1,823
wage countries and the high level of
84
Beverages and tobacco
297
722
106
381
828
Crude materials, inedible, except fuels
1,205
945
1,164
194
2369
1.139
skill required for the work. The low
Petroleum and products
1,337
2,567
8,080
297
10,647
1,634
Coal and coke
34
7
79
35
41
rate in electric and electronic equip114
878
3,301
11.151
4.179
1.639
Chemicals
12.790
ment is partly due to the relatively
1,399
23,356
34,461
24,755
2,419
36,880
Road vehicles and parts
891
23.236
26,225
27.116
3.241
26.477
large proportion of affiliate operations,
404
Other transportation equipment
781
1.049
1,830
293
697
of "other manufactures" were also sizable. By intended use, exports for further manufacture accounted for 59 percent of exports to MOFA's, and exports
for resale without further manufacture accounted for 38 percent; most of
the remaining exports were of capital
equipment.
Imports.—U.S. merchandise imports
shipped by MOFA's in 1989, at $84.8
billion, were 91 percent of U.S. imports shipped by all foreign affiliates
and 44 percent of total MNC-as*sociated
imports. Most of the U.S. imports
from MOFA's—$72.4 billion, or 85
percent—were shipped to U.S. parents.
By area of origin, Canada accounted
for 46 percent, the largest share of any
major area, of imports from MOFA's.
Mexico had the next largest share for
D
D
D
D
3
1,635
9.457
397
439
1,793
273
1.860
10,177
31
1,354
2,154
800
48.970
8.211
For further manufacture
57,181
2,193
35,000
37.193
For resale without further manufacture
325
225
549
Other
* Less than $500,000.
1. Sec footnote 1 to table 2.
D
Suppressed to avoid disclosure of data of individual companies.
2. See footnote 2 to table 2.
n.a. Not available.
n.a.
n.a.
n.a.
Metal manufactures
Other manufactures
Other
„
2,074
11.250
670
1,188
6,459
9
672
3,718
22
B.v intended use
Capital equipment and other goods charged to fixed asset
n.a.
n.a.
n.a.
n.a.
13. The hourly compensation data for the United
States and those for all production workers in various
host countries are from U.S. Department of Labor, Bureau of Labor Statistics, International Comparisons of
Hourly Compensation Costs for Production Workers in
Manufacturing, 1975-39, Report 794 (Washington, DC:
U.S. Government Printing Office, October 1990).
penditures and associated employment
by nonbank U.S. parents and their
MOFA's, classified by industry. R&D
Table 9 presents estimates of re- expenditures are measured in two
search and development (R&D) ex- ways: (1) Those performed for a parent's or an affiliate's own benefit, either
by themselves or by others on contract,
Table 8.—Compensation Per Hour and Number of Production Workers of Majority-Owned
and (2) those performed by the parent
Foreign Affiliates in Manufacturing \ by Country and by Major Industry of Affiliate, 1989
or affiliate, either for themselves or for
others on contract.
Production workers
Number of employees (thousands)
Compensation per
as a percentage of
hour of production
U.S. parents spent $58.9 billion on
total employment
workers (dollars)
Production workers
Total
(percent)
R&D for their own benefit and employed 623,000 scientists, engineers,
10.46
3,246.3
All countries, all manufacturing industries
58
1,876.5
and other technical staff in R&D acBy country
tivities.
MOFA's spent $7.1 billion on
271.2
16.66
60
451.0
Canada
R&D
for
their own benefit, 11 percent
14.42
831.1
1405.1
Europe
of the MNC total, and had 95,200 R&D
14.27
5.6
8.6
Austria
66
employees, 13 percent of the MNC
16.25
64
Belgium ....
50.0
78.5
16.34
61
Denmark ...
5.0
8.2
total.
15.82
63
Finland
.8
1.3
15.75
53
France
102.7
193.6
By industry, manufacturing ac17.11
381.7
52
197.6
Germany, Federal Republic of .
counted
for the largest shares of total
6.11
3.2
6.0
53
10.43
36.7
64
23.5
Ireland
....
.......
R&D
expenditures
for both parents'
16.72
63.2
118.4
53
I y
3.3
14.07
7.1
46
and
affiliates'
own
benefit—86 perLuxembourg
17.58
43.4
69.0
63
Netherlands
cent and 81 percent, respectively—and
2.2
1.2
55
22.47
Norway
of total R&D employment—87 percent
8.4
63
13.3
5.32
Portugal
63
92.7
10.71
58.7
Spain
and 83 percent, respectively. Within
68
12.9
19.54
8.8
Sweden
62
11.4
18.15
7.1
Switzerland
manufacturing,
parents' expenditures
55
4.50
5.1
2.8
Turkey
54
11.99
458.2
245.6
United Kingdom
were
largest
in
chemicals,
in nonelec59
17.16
.3
.2
Other
trical machinery, and in transporta742.2
Latin America and Other Western Hemisphere ..
453.1
3.48
tion equipment. Affiliates' expendi414.8
248.2
4.34
60
South America....
tures were largest in transportation
36.0
21.8
Argentina
3.52
60
309.6
185.0
Brazil
4.53
60
equipment and in chemicals.
8.2
5.6
4.64
69
Chile
20.2
11.6
3.92
57
Colombia
U.S. MNC's spent an average of
4.4
2.9
Ecuador
1.64
66
3.1
1.8
5.66
57
Peru
$15.00 on R&D for their own bene29.6
17.3
3.79
58
Venezuela
3.7
2.3
4.81
fit for every $1,000 of sales. U.S.
61
Other
parents spent more per unit of sales—
316.1
Central America .
2.46
197.6
63
8.3
Costa Rica
2.64
4.9
58
$18.79 per $1,000 of sales—than their
4.6
Guatemala
2.60
2.8
61
6.8
Honduras
2.44
3.3
48
foreign affiliates—$7.03 per $1,000 of
292.0
2.44
184.1
Mexico
63
2.2
4.78
1.3
Panama
60
sales. For parents, R&D spending
2.0
2.38
1.3
62
Other
per $1,000 of sales was highest in
11.4
7.4
2.42
65
Other Western Hemisphere
.2
.2
4.85
manufacturing, particularly in com85
Bahamas
„,
.2
2.35
60
.4
Barbados
.
.. ,
puters and office equipment and in
(*)
12.00
60
Bermuda
2.9
1.38
63
Dominican Republic
drugs. For affiliates, R&D spending
2.8
2.27
65
4.3
Jamaica
.1
5.58
60
.2
Netherlands Antilles
per $1,000 of sales was highest in
.5
4.93
71
.7
Trinidad and Tobago
.3
1.62
58
.5
United Kingdom Islands, Caribbean .
"services," particularly in research, de.2
8.22
65
.3
Other
velopment, and testing services; how41.8
56
2.65
233
ever, the levels of R&D expenditures
2.8
1.44
55
i.5
£?yp.
1.4
1.02
51
.7
Nigeria
were highest by far for affiliates in
18.6
4.15
51
9.4
South Africa .
19.0
1.71
61
11.7
Other
manufacturing, especially in "other"
56
3.4
Middle East
11.71
6.0
transportation equipment, in house12.09
55
5.6
3.1
I j
7.97
.3
68
.2
Saudi Arabia
hold
audio, video, and communication
14.18
58
(*)
(*)
United Arab Emirates .
.1
5.91
73
equipment, and in drugs.
.2
Other
R&D performed by U.S. parents, ei59
294.4
. \ * b and Pacific
6.14
500.1
13.02
56
I0I.9
57.3
Australia
ther for themselves or for others on
1.29
54
2.9
1.6
China
2.46
71
32.3
23.1
Hong Kong
contract, was $81.1 billion. R&D per1.50
35
9.9
3.5
India
1.83
57
6.6
3.8
Indonesia
formed for others on contract was $24.5
38
74.1
28.1
23.27
Japan
.........
64
21.6
13.7
4.19
Korea. Republic of .
billion; of that amount, $21.9 billion
68
50.8
34.6
1.79
Malaysia
57
10.2
5.8
6.83
was for the Federal Government—
New Zealand
68
53.7
36.5
1.58
Philippines
mostly by parents in "other" trans65
57.8
37.8
3.38
Singapore
62
44.1
27.2
4.51
Taiwan ..
..
portation equipment. R&D performed
63
26.7
16.7
1.44
Thailand
63
7.4
4.7
1.99
Other
by affiliates was $8.0 billion, of which
$1.6 billion was performed for others
By major industry
on contract.
187.1
61
304.6
Food and kindred products
8.39
237.8
50
477.2
11.73
Chemicals and allied products
113.9
64
176,9
10.84
Primary and fabricated metals
Sales of goods and services by
259.5
51
504.6
13.14
Machinery, except electrical
276.4
61
450.4
6.56
Electric and electronic equipment ....
destination and affiliation
364.9
61
598.8
particularly in electronic components
and accessories, that is in low-wage
countries, such as Malaysia and Singapore, and the relatively low level of
skill required for assembly work.
Research and development expenditures
and employment
srae
Transportation equipment ,
Other manufacturing
733.9
436.9
* Less than 50 employees.
1. These data only include affiliates whose primary industry—in terms of sales—is manufacturing.
60
12.38
9.89
In the benchmark survey, sales by
nonbank U.S. parents and by MOFA's
SURVEY OF CURRENT BUSINESS
October 1991
39
Table 9.- -Research and Development: Expenditures of, and Employment by, Nonbank U.S. Parents and Their Majority-Owned Nonbank Foreign
Affiliates, by Industry of U.S. Parent and of Foreign Affiliate, 1989
Foreign affiliates
Millions of dollars
R&D performed by parents
.,....* *++*....„„ .......*«.*...,..+,.
.......+.i
Tobacco products
Textile products and apparel
Lumber, wood, furniture, and fixtures
Paper and allied products
,
Printing and publishing
Rubber products
Miscellaneous plastics products
Glass products
Stone, clay, and other nonmetallic mineral products
Instruments find related products •+*•••.««..*•«**+*»*.. ,*+*»»«..*».+*!
Other
"
"",."..
Wholesale trade
Durable floods .......+»*i4
Nondurable goods
iit
„„.„„,„„,„„
***»***•*
Services
Hotels and other lodging places
Business services
Advertising
.......*..................
Equipment rental (ex. automotive and computers)
Computer processing and data preparation services
Business services, n.e.c
Automotive rental and leasing, without drivers
Motion pictures, including televsion tape and film
Health services
Engineering, architectural, and surveying services
Management and public relations services
Other
Other industries
......
Agriculture, forestry, and fishing
Mining
Metal mining
Nonmetallic minerals
Construction
Transportation
Communications and public utilities .
Retail trade
0
24,582
8,154
16,429
9,339
233
95
201
1,142
79
149
ISO
153
6,726
(D)
698
625
73
$
0
48,457
932
256
132
544
12,160
4,481
5,972
958
125
624
871
457
112
345
414
12,487
330
548
10,609
1,001
4.286
128
2,199
1,245
714
11,237
6,862
4.375
6,484
230
95
199
1,114
79
220
149
180
150
3,919
150
548
479
68
553
Finance (except banking), insurance, and real estate
Finance except banking
Insurance
Real estate
Holding companies, except bank holding companies
0
(D)
105
0
71,852
934
258
132
544
12,356
4,630
6.005
958
132
630
2,153
1,425
722
703
728
13,812
335
560
11,803
1,114
8,676
128
(D)
1,662
•
,
.<
....
0
0
1,007
0
801
0
1
748
52
0
(*)
(*)
31
0
175
(D)
100
38
(°)
(DD)
(56
)
3.839
45
0
0
898
0
765
0
1
713
52
0
(*)
(*)
18
0
114
(D)
94
38
(DD)
( )
(D)
52
3,078
45
R&D Research and development
* Less than $500,000 or 50 employees
to
Suppressed to avoid disclosure of data of individual companies.
1. Equals the sum of R&D performed by parents for themselves and R&D performed for the parent by
others on contract.
2. Equals the sum of R&D performed by affiliates for themselves and R&D performed for the affiliate by
others on contract.
For
others
for parents '
21,942
7
0
0
0
7
7
0
(*)
0
0
20,936
2,607
15
0
0
0
3
3
0
0
12
0
2,458
58,883
2465
33
0
33
2,135
0
2
2
(*)
0
53
37
(D)
(*)
0
0
0
142
111
(p)
0
(*)
(D)
871
(D)
(D)
(D)
(°)
1,072
5
(D)
8
4,273
0
(D)
(DD)
( )
12,143
(DD)
( )
2,435
0
(*)
2
D
( )
J)
(*)o
2
2.393
0
(^)
0
7
(D)
411
(DD)
( )
P
253
0
(DD)
(D)
( )
116
0
9
(DD)
( )
1,203
(DD)
( )
420
3
(*)
(*)
D
( )
0
0
0
0
1
414
(D)
D
( )
(D)
4
0
0
0
39
0
(D)
0
0
0
J)
0
0
0
0
2
0
(D)
<•)
C)
(*)0
0
0
0
71
0
(D)
0
0
(D)
0
0
0
0
11
J)
(D5)
0
0
0
0
4
D
( )
0
0
(D)
97
0
50,483
1.044
309
133
603
13,354
4,632
6,985
960
126
650
883
466
113
353
417
13,024
342
562
11,113
1,007
4,342
129
2,212
1,265
736
11,274
6.869
4,405
6462
233
101
208
1,126
79
241
150
181
154
3,935
155
562
491
71
18.79
6.42
3.54
0
6.54
7.96
0
1.30
0
32.68
5.40
9.28
3.59
4.91
57.53
43.48
122.57
22.45
16.22
35.90
8.51
8.16
5.25
9.92
8.93
75.02
19.60
23.32
128.62
22.06
31.64
11.21
27.89
61.77
28.35
31.45
29.05
36.09
18.96
8.46
3.78
5.95
16.20
1.58
14.64
12.13
19.03
11.51
52.13
14.95
2J0
4.69
.59
335
TYtin sport no on CQuipmcnt
*. ......*
Motor vehicles and equipment
Other
Other manufacturinE
56,532
2,211
33
0
33
2,085
For the
Federal
Government
555
Food and kindred products
Grain mill and bakery products .
Beverages
Other
Chemicals and allied products
Industrial chemicals and synthetics .
Drugs
Soap, cleaners, and toilet goods
Agricultural chemicals
Chemical products, n.e.c
Primary and fabricated metals
Primary metal industries
Ferrous
Nonferrous
Fabricated metal products
,
Machinery, except electrical
Farm and garden machinery
Construction, mining, and materials handling machinery ....
Computer and office equipment
Other
Electric and electronic equipment
Household appliances
Household audio and video, and communications equipment .
Electronic components and accessories
Electrical machinery, n.e.c
81,082
2,233
33
0
33
2,095
555
AH industries .
Petroleum
Oil and cas extraction
Crude petroleum (no refining) and natural gas .
Oil and gas field services
Petroleum and coal products manufacturing
Integrated petroleum refining and extraction ....
Petroleum refining without extraction
Petroleum and coal products, n.e.c
Petroleum wholesale trade
Other
Manufacturing
themselves
ooo
For
Total
R&D
per-
R&D
performed
for parents
per
S 1.000
of sales
(dollars)
0
0
954
0
800
0
1
747
52
0
<*)
0
0
8-56
0
22.53
0
1.00
59.12
52.00
0
.02
.01
1.97
0
7.83
IS
0
135
(°)
(°)
94
61.48
38
(DD)
( )
(D)
52
3.277
45
5.19
(°)
(DD)
( ).47
17.65
2"
R&D performed by affiliates
R&D
R&D
perormed
for affiliates
For
themselves
foraffiliates'
$1,000
of sales
(dollars)
Millions of dollars
R&D
employees
(thousands)
Total
623.0
233
(D)
J)
17.2
17.1
0
.1
(D)
0
542.1
10.8
2.5
2.7
5.6
93.6
37.0
41.3
7.5
1.2
6.6
17.6
7.6
4.0
3.6
9.9
110.6
3.7
7.0
88.3
11.6
63.4
6.1
31.1
15.4
10.8
156.5
17.4
139.1
89.7
1.4
4.5
3.0
10.2
1.1
8.2
2.7
1.3
1.6
53.9
1.8
7.9
7.0
.9
.1
0
0
12.6
0
9.3
0
(*)
8.8
0
C)
(*)
0
3.1
(P)
1.1
.6
A
D
.1
( )
29.6
1.1
8,021
141
(D)
18
(D)
For
others
6374
103
19
18
1
8D 8D
( ) (C))
i
(D)
(*)
l
(D)
6313
187
74
(D)
5,157
(°)
1,642
386
985
141
13
118
74
14
7
8
60
1,644
62
49
1,353
180
748
57
422
(D)
1,458
(DD)
( )
760
26
24
6
66
Q3
61
14
30
352
(D)
598
433
166
1
1
C)
(*)
C)
679
185
72
(°)
(D)
1,451
258
927
139
12
115
71
14
7
7
57
714
58
49
436
172
647
56
(°)
340
1,379
(DD)
( )
710
26
24
6
61
3
(D)
54
12
29
317
(D)
542
382
160
1
1
(*)
(*)
(*)
498
C)
45
(*)
1
36
7
(*)
C)
(*]
62
1
1
42
18
3
24
&
88
2
6
6
(*)
(Dl
(*:
(D'
(3
73
2
6
6
(•'
(O
(*
(D
16
7.03
.94
1.02
1.08
.37
7,133
169
37
36
1,647
3S
(D)
(*)
/D\
(D)
0
(*)
0
1356
3
1
(*)
1
190
128
58
1
1
3
3
1
(•)
1
3
930
5
(*)
917
8
101
1
(*)
83
16
79
(DD)
( )
50
C)
(*)
(*)
4
(*)
C)
7
1
1
35
C)
S6
51
5
0
0
0
0
0
181
f)D 8D
(C)) ( )
1
(D)
5,775
2.64
(D)
.01
11.45
191
73
3.81
4.77
(°)
(D)
1,576
267
996
183
15
115
72
14
7
8
58
781
94
62
442
184
658
56
(D)
349
(D)
1,745
(DD)
( )
751
26
24
7
67
3
(D)
60
15
33
332
(D)
577
397
180
1
1
(*)
(*)
(*)
537
17
C)
(*)
6
11
(*)
1
(*)
20
72
(*.
8
e
15
0
0
0
0
(•
i
63
8
(.*.
(*:
74
;
(D
6
D
(
<°
(16D
8
R&D
ployees
(thousands)
95.2
l.d
.1
.1
(*)
(D)
(*)
(D)
(*)
78.'
.1
IA
1.
2X
16.65
6.57
43.12
9.67
7.91
11.40
3.45
2.46
5.91
1.78
3.82
8.03
17.41
6.41
6.93
9.99
17.65
10.96
(D)
16.75
(D)
15.26
(DD)
( )
8.35
2.51
4.52
2.70
3.82
.85
(D)
8.83
4.59
7.57
14.39
(°)2.83
2.96
2.57
.02
.04
0
.03
1.00
16.02
.11
4.19
.If
1.12
7.33
1.71
,\i
.89
.07
1.48
8
1.72
1.26
tD)
1.99
(DD)
( )
.03
.66
18/
5.^
9.(
2.(
2.
1.
16.
1.
1L
2.
8.
l".
5.
1.
20.
/D\
10.
1."
(D)
5
(D)
6.
5
1
333
U.S. parents
0
(•)
6
(*)
(*]
(*)
C)
(*)
(
5
(D)
i
(*)
(•)
(*)
(•)
40
were disaggregated by destination, by
affiliation of customer, and by whether
the sales were of goods, services, or
investment income.
U.S. parents.—Total sales by U.S.
parents were $3,134 billion in 1989
(table 10). Sales of goods accounted
for $2,213 billion or 71 percent, sales
of services accounted for $798 billion
or 26 percent, and investment income accounted
for $123 billion or 3
percent.14
Of total sales of goods by U.S. parents, 88 percent were to U.S. persons
and 12 percent were to foreigners.
Over one-half of the sales to foreigners
were to unaffiliated persons. Of total
sales of services, 94 percent were to
U.S. persons, and 6 percent were to foreigners. Over one-half of the sales to
foreigners were to foreign affiliates.
By industry, sales of services were
largest in "other industries,", particularly in communications and public
utilities and in transportation, and
they were next largest in finance (Except banking), insurance, and real estate (FIRE). They were also sizable
in manufacturing—especially in motor vehicles and computer manufacturing—and in "services."
MOFA's.—Total MOFA sales were
$1,015 billion (tables 11-12). Sales of
goods accounted for the largest share—
87 percent, or $887 billion. Sales
of services accounted for 11 percent,
or $110 billion. Investment income
accounted for 2 percent, or $18 billion. Most of the sales of both goods
and services were to unaffiliated foreign persons in the affiliate's country
of location. These sales reflect the
fact that U.S. parents have invested
abroad mainly to sell goods and services through affiliates to unaffiliated
customers in local markets.15
By industry, sales of goods were
largest—at $490 billion—in manufacturing. Within manufacturing, sales
were largest in transportation equipment and in chemicals. Sales were also
sizable in wholesale trade, particularly
in durable goods.
By area, affiliates in Europe accounted for over one-half, or $505
14. To provide more accurate data on sales of services, information on investment income of U.S. parents
and MOFA's infinanceand insurance was collected separately from sales of services for the first time in the
1989 benchmark survey. Finance and insurance companies include investment income in sales because it
is generated by a primary activity of the company. In
most other industries, investment income is considered
an incidental revenue source and included in the income
statement in a separate "other income" category.
15. An unaffiliated customer of a MOFA is a customer
other than the MOFA's U.S. parent or another foreign
affiliate of the parent.
SURVEY OF CURRENT BUSINESS
October 1991
billion, of the total sales of goods.
Within Europe, sales by affiliates in
the United Kingdom were particularly
large—at $141 billion. Outside Europe, sales were largest in Canada—at
$151 billion—and in Japan—at $48
billion.
By industry, sales of services were
largest—at $33 billion—in FIRE; insurance affiliates accounted for about
two-thirds of the total. Sales of services were next largest—$32 billion—in
"services"; business services accounted
for about one-half of the total, and most
of these sales were by affiliates in computer processing and data preparation
services. Sales were also sizable in
computer and office equipment manufacturing, where affiliates provided
services associated with the use and
maintenance of equipment that they
manufactured.
By area, affiliates in Europe accounted for over one-half, or $58 billion, of total sales of services. Within
Europe, sales in the United Kingdom were particularly large—at $21
billion. Outside Europe, sales were
largest in Canada—at $17 billion—and
in Japan—at $10 billion.
By destination, 69 percent of total
sales by MOFA's were to customers in
the affiliates' own countries of location,
20 percent were to customers in other
foreign countries, and 11 percent were
to customers in the United States.
Sales to customers in other foreign countries accounted for over onehalf of total sales by MOFA's in several European countries—Switzerland,
Netherlands, Belgium, and Ireland—
and for about one-third of total sales by
MOFA's in several Asian countries—
Hong Kong, Indonesia, and Singapore.
In the European countries, most of the
sales to other foreign countries were by
manufacturing affiliates to other European countries. Most of the total sales
to other foreign countries were to other
foreign affiliates.
In several industries and countries,
sales to the United States accounted
for a relatively large share of the total. They accounted for about 25
percent of total sales in two extractive industries—crude petroleum and
Text continues on p. 45.
Table 10.—Sales of Goods and Services by Nonbank U.S. Parents and Foreign Affiliates,
1988-89
Services
as a per*
centage
of total
Millions of dollars
1983
Total
Goods
1985
Services
and investment income 2
Total
Goods
i
Services
Invest*
ment income
1989
U.S. parents
All nonbank parents of nonbank affiliates
To U.S. persons
To foreign persons
To foreign affiliates
To other foreign persons
2,828,209
n.a.
n.a.
n.a.
n.a.
2,017.410
n.a.
n.a.
n.a.
n.a.
f
810.799
791.519
19,280
4,343
14,937
3,133,588
2,805,398
328,189
154,792
173.397
2,212,586
1,947,863
264,723
116,996
147,727
798,156
749,439
48,717
28,255
20.462
122,845
108,096
14.749
9,541
5,208
25.5
26.7
14.8
18.3
11.8
Foreign affiliates
1,194,733
n.a.
n.a.
1,266.285
n.a.
n.a.
n.a.
n.a.
927,886
226,618
701,268
. 816,597
202,584
614.013
111.289
24,033
87,255
1,015,263
241,839
773,424
887,010
214,810
672.170
110,486
21,995
88,491
17,767
5,004
12,763
10.9
9.1
11.4
To the United States
To U.S. parents
To unaffiliated U.S.
persons tt
101.444
82,216
90,969
74,159
10,475
8,057
111,338
91.831
97,228
82,671
10.782
6,724
3,328
2,435
9J
7.3
19,228
16,810
2,418
19,507
14,556
4,058
893
20.8
To foreign countries
To other foreign affiliates .
To unaffiliated foreign
persons
826,442
144,401
725.629
128,426
100,813
15,977
903,925
150.008
789,783
132,169
99,704
15.271
14,439
2,569
11.0
10.2
All nonbank affiliates of nonbank parents
Majority-owned affiliates
To affiliated persons
To unaffiliated persons
682,041
597,203
84,837
753,917
657,614
84,433
11,870
11.2
Local sales
To other foreign
affiliates
......
To unaffiliated foreign
persons
•
606,312
520,834
85,478
697,711
599,526
85,823
12,362
12.3
30,938
24,149
6,790
40,670
32,629
6,651
1,390
16.4
575,374
496,685
78,688
657,041
566.896
79,172
10,972
12.0
Sales to other countries
To other foreign
affiliates
...
To unaffiliated foreign
persons
220,130
204.795
15.335
206,214
190,257
13,881
2,076
6.7
113,463
104,277
9,187
109.339
99,540
8,620
1,179
7.9
106,667
100,518
6,149
96,876
90.717
5,261
898
5.4
266,847
n.a.
n.a.
251,022
n.a.
n.a.
n.a.
n.a.
Minority-owned affiliates
n.a. Not available.
1. See footnote 1 to table 1.
2. To provide more accurate data on sales of services, information on investment income of U.S. parents and MOFA's in finance and insurance
was collected separately from sales of services for the first time in the 1989 benchmark survey. Finance and insurance companies include investment
income in sales because it is generated by a primary activity of the company. In most other industries, investment income is considered an incidental
revenue source and included in the income statement in a separate "other income" category.
SURVEY OF CURRENT BUSINESS
October 1991
41
Table 11.—Sales of Goods and Services by Majority-Owned Nonbank Foreign Affiliates, Industry of Affiliate by Destination, 1989
[Millions of dollars]
Investment income
Total sales
To U.S.
persons
To
foreign
persons
To U.S.
persons
From
foreign
persons
U.S.
persons
110,486
10,782
99,704
17,767
3328
1,435
181
&
5,960
1
48
1.118
560
2.045
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
489,679
10,182
1
66377
<)
374
54,759
3.102
7395
2,986
337
2.650
636
277
357
2
609
3.163
423302
14314
1,775
12^39
563
(*)
49,724
15,091
9335
25,097
1,040
222
140
677
48,684
14,869
9,395
24,420
200
14
48
138
7
(*)
0
7
194
14
48
132
189
189
0
0
(*)
(•)
0
0
382
309
27
12
2
33
20
6
14
0
0
(*)
362
302
13
12
2
33
0
0
0
0
0
0
0
0
0
0
0
0
110
C)
0
(*)
110
0
0
0
0
0
0
0
0
0
0
364
0
0
364
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
903,925
887,010
21,902
9.002
8,870
132
1,550
157,961
27,095
24,522
2374
70,400
172,468
33,111
33,055
57
71,314
29.732
41,205
377
64,941
3.103
Manufacturing .
H
From
Total
152,001
24^90
D
)
()
69,851
111338
179363
36,098
33.392
2,706
71,950
30,008
41,563
379
65,550
6,266
8
To U.S.
Total
To
foreign
persons
789,783
97,225
1,015,263
Petroleum
Oil and gas extraction
.,
Crude petroleum (no refining) and natural gas ..
Oil and gas field services
Petroleum and coal products manufacturing .........
Integrated petroleum refining and extraction ....
Petroleum refining without extraction
Petroleum and coal products, n.e.c
Petroleum wholesale trade
Other
All industries
To
fortign
persons
8
1,463
H
D
2,805
D
)
8806
271
277
504,556
10.231
1,119
68,153
Food and kindred products
Grain mill and bakery products
Beverages
. . . . . ...
Other
Z
".
50,113
15,294
9,583
25,236
1,047
223
140
684
375
55.319
5,147
436,404
49.066
15,071
9,443
24,552
Chemicals and allied products
Industrial chemicals and synthetics .
Drugs
Soap, cleaners, and toilet goods
Agricultural chemicals
Chemical products, n.e.c
94,654
40,651
23,100
18,918
1,897
10,089
3,877
2,534
633
48
107
556
90,777
38,116
22,468
18,870
1,790
9332
94,272
40,342
23.074
18,906
1,895
10,055
3,857
2,528
619
48
107
556
90.415
37.814
22,455
18,858
1,788
9,499
Primary and fabricated metals
Primary metal industries
20,880
5.686
1.184
4,502
15,194
2,130
18,750
4,652
1,104
3,548
2,126
18,640
4,652
1,104
3,548
14,098
20,765
5,686
1,184
4302
15.080
Machinery, except electrical ...
Farm and garden machinery
Construction, mining, and materials handling machinery .
Computer and office equipment
Other
97,290
5398
9,666
63.800
18.426
18.517
1,194
1.285
14,654
1.384
78,773
4,204
8381
49,145
17.043
(>
5,398
9,585
()
(°)
18310
Electric and electron!" equipment
J
Household appliances
Household audio and video, and communications equipment ,
Electronic components and accessories
Electrical machinery, n.e.c
37.281
5,111
3,707
20,831
7,632
6.946
561
658
5,067
661
30,335
4350
3,050
15,764
6,971
5,016
3.697
(DD)
114,380
27,994
111,170
3,210
26,922
1,072
86,386
84,248
2,138
113.846
110,905
2,940
27,855
26.895
959
85.991
84,010
1,981
534
264
270
140
27
113
395
238
157
(*)
(*)
0
0
0
0
89.958
10368
5,314
2,588
17,558
3,528
9,089
6,797
3,265
4,357
23,071
4,024
7,641
202
1,034
345
2,692
130
585
164
181
249
1,796
264
82,317
88.724
10,368
5,310
2.588
17319
3318
9,018
6.763
3.256
4,345
7.603
202
1,034
345
81,121
1.225
0
4
0
39
10
71
34
0
12
1,044
12
39
0
0
0
13
0
0
9
0
.0
17
(*)
1,186
0
4
0
26
10
71
25
0
12
1,027
11
10
0
0
0
0
0
0
0
9
1
22,027
4.013
2,679
130
585
155
181
249
1,779
264
10,166
4,276
2,243
14,840
3388
8,433
6.608
3,075
4,096
20,248
3,749
0
0
0
0
0
0
0
0
0
0
0
0
204,145
134,116
70,030
8,982
6,968
2,014
195,163
127,148
68,015
189,101
119,309
69,792
8,757
6,761
1,997
180344
112,548
67,795
14,706
14,474
232
225
207
18
14,481
14,267
214
338
Finance (except banking), insurance, and real estate .
Finance, except banking .
Insurance
Real estate
Holding companies, except bank holding companies .
50,242
24,118
24,763
1,147
214
7,166
3,545
3,540
,50
43,076
32,700
10,741
20.289
3339
838
2,926
28^61
9,904
17,364
1,067
527
Services .,
Hotels and other lodging places
Business services
Advertising
Equipment rental (ex. automotive and computers)
Computer processing and data preparation services ...
Business services, n.e.c
„,...
Automotive rental and leasing, without drivers ...„....„„.
Motion pictures, including televsion tape and film
Health services
Engineering, architectural, and surveying services
Management and public relations services
Other .
33,515
2,212
17,189
3,017
890
8,596
4,686
1,179
2,251
715
3388
2.893
3,688
Other industries
Agriculture, forestry, and fishing
Mining
Metal mining
Nonmetallic minerals
Construction
Transportation
Communications and public utilities
Retail trade
42,942
1,592
4,146
3,013
1,133
4307
4,971
3.671
24,256
Nonfcrrous
Fabricated metal products
Transportation equipment
Motor vehicles and equipment ....
Other
Other manufacturing
..,
Tobacco products
Textile products and apparel
Lumber, wood, furniture, and fixtures ........
Paper and allied products
Printing and publishing
,
Rubber products
Miscellaneous plastics products
Glass products
Stone, clay, and other nonmctallic mineral products .,
Instruments and related products
Other
Wholesale trade
Durable goods
Nondurable goods
• Less than $500,000.
Suppressed to avoid disclosure of data of individual companies.
D
1.034
80
954
1.096
8
10,166
4,281
2,243
14,866
3,398
8,504
6,633
3,084
4,108
21,274
3,760
608
9
165
8.431
0
2
(*)
73
502
507
3313
450
955
767
187
44
1333
282
49
954
1,092
13.988
(°)
1.179
2,249
715
3.315
2390
3,181
39,629
1,142
3,192
2,246
946
4.262
3,437
3.390
24,206
,13
,
1,194
8301
1,382
(D)
16.928
t)
20373
21.222
(D)
31,693
2,083
16,580
3,008
(°)
(°)
()
1,034
80
4
0
0
0
4
(
i
()
24
o
o
41
11
236
33,661
1388
4,083
2,952
1.131
4,177
c
23,800
5
32,090
2,211
16,079
2.965
1
0
(*)
2
26
1,498
450
955
768
187
43
1
<>
350
D
210
32,163
1,138
3.128
2,185
944
4.135
23,750
(°)
8,222
(D)
1,160
2.245
715
3,347
2,882
3.451
8
1
' 11
508
A
141
°
500
481
7,466
4
63
6,
9,281
4
63
61
129
4,963
3.666
456
30398
2,082
15371
2.961
452
8.081
4,078
1,160
2.243
715
3,2*
2,382
2,970
1332
282
c:
128
3,43
3,385
456
0
0
332
6
0
0
0
13361
(D)
<>
2,707
614
2
8
SURVEY OF CURRENT BUSINESS
42
October 1991
Table 12.—Sales of Goods and Services by Majority-Owned Nonbank Foreign Affiliates, Country of Affiliate by Destination, 1989
{Millions of dollars]
Total
Canada
.......
Denmark
......
Ireland
Italy
.
....
Luxembourg
.
..
Netherlands
Portugal
......
.
....
.
.....
.
......
Spain
Sweden
...
..
.
.
Turkey
United Kingdom
Other
•• ••
..........
.
.
.
.
....
.
. . .
.
. .
Latin America and Other Western HetnisDhere
Argentina
Brazil
Chile
Colombia
Peru
......
*
«
.....
Venezuela
Other
Central America
Costa Rica
.
.......
..
....
......
Panama
Other
......
•••
.
......
.....
Dominican Republic
..
Netherlands Antilles ....
........
Trinidad and Tobago
.....
United Kingdom Islands Caribbean
Other
..
.....
..........
......
........
,. .
.......
...
Asia and Pacific
Australia
...".
China
Hong Kong
India
Indonesia ....
Japan
Korea Republic of
Malaysia ........
New Zealand
Philippines
......
.......
.....
.....
......
...
.....
......
. ...
International'
Addenda:
Eastern Europe 1
Euro Dean Communities (121'
OPEC 4
...
.......
...
.....
* Less than $500,000
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1 to table 2.
2. See footnote 3 to table 4.
3. Sec footnote 2 to table 2.
4. See footnote 5 to table 4.
D
.....
To U.S.
persons
Total
To
foreign
persons
Investment income
Total
ToU.S.
persons
To
foreign
persons
Total
From
U.S.
persons
From
foreign
persons
1,015,263
111338
903,925
887,010
97328
789,783
110,486
10,782
99,704
17,767
3328
14,439
172,134
39,145
132,989
151306
38,454
112,753
17,126
680
16,446
3302
12
3,790
570,835
27,939
542^96
505325
23394
481331
57374
3,676
53,899
8,036
869
7,167
5,514
29,113
4,109
2,961
70,852
81
1008
174
5.433
28,105
3,935
35
U938
68,914
4,869
26,410
3,221
2,574
63,314
105,972
1.935
11,355
45,502
1,448
44,391
2,585
24
725
2,836
103,387
1,910
10,631
42,667
2,334
V)
42,056
7,604
3,264
23,599
7,635
36,402
1,696
166,979
504
803
6,795
786
(D)
2.909
39
10,867
9
22,813
87^23
46,145
3,948
30,377
2,013
3,912
578
1,122
2,762
1,433
22
2,739
21,439
759
679
1,159
16,476
1,876
491
4,892
79
16,547
680
4,264
354
8
( )
12,212
1322
491
19,939
1,529
720
11,484
578
1,138
2,719
652
716
404
10,026
124
334
6,314
226
313
1 938
9,914
1,406
386
5,170
351
825
781
11,630
1 881
2,257
2,692
4,799
3307
8,422
1,350
15
7,806
1,013
3,408
1,541
1,844
97.800
1,816
10,954
41,702
1,377
36.665
33.493
1.657
156,112
495
7,002
2,983
21,739
6,516
33.304
1.541
140.978
462
18^66
69,257
73328
3 349
149
2 158
42,796
3,799
28319
1 891
3^38
384
42,737
3.255
28,548
1787
3.652
528
1,065
2,486
1,415
122
375
194
(D)
'a
D
20.305
746
667
1,145
15,613
1,653
480
10,186
1,102
347
6,259
52
599
179
356
894
25316
D
1,634
(D)
()
61.680
2,123
24
95.677
1,792
610
2.558
827
365
7,407
2,732
38,969
7,206
119
385
3.552
2,018
34,646
7,188
5
360
302
7,105
131
455
276
6,752
119
(D)
3,449
(D)
6,913
966
0
15
249
31
538
7
0
0
0
3
40
958
0
15
249
23
497
2
20
272
1341
8
7
300
277
2
1,993
2.584
18.776
237
0
5332
0
0
0
0
0
18
0
790
0
8
7
300
58
219
0
4,442
0
2379
7,183
4334
2365
2,168
470
(*)
(*)
0
470
194
162
48
113
\)
103
41
766
8
20,973
2,613
37
8,084
30,691
1304
132.894
13322
59,906
141
122
369
186
19
79
3,115
1.665
3,284
342
2467
(D)
11,366
749
215
10
11
480
4,934
153
490
178
0
0
56
271
18
1
1
0
0
0
0
0
0
13
12
125
0
0
4
0
0
{*)
16
11
2
0
733
114
8
1
0
4
0
122
0
0
2
114
5
1
3.938
50
76
1,441
(*)
0
2,173
8
191
0
2,361
8
70
390
0
0
1,760
0
133
0
1377
41
6
1.051
(*)
0
414
8
57
0
0
0
10
3,402
8
1,357
845 18770
8
2,427
7
571
216
70
32
253
5
0
0
0
5
35
7
0
28
0
52
493
(P)
347
48
316
45
3300
7,846
578
217
908
2,677
1,350
15
838
2,645
70
32
259
1,639
92
6,167
921
6,620
666
1,629
90
4,991
576
1,151
340
889
652
1,404
889
515
109
P)
1,141
338
471
109
224
160,408
37,255
252
15,503
323
6,109
58,083
2,451
5,595
3,212
2,921
15,524
6.664
5,473
1,043
18,656
1 404
1
3,451
141,752
35,850
250
12,052
17328
1.325
1
3,356
122,450
31,615
212
9325
810
3,285
439
834
93
283
5,408
1785
824
5,299
54,798
2,012
4,761
3,120
2,638
10,115
4.879
4,649
139,678
32,940
213
12,881
293
5,953
47,735
2,185
5,322
2,786
2,589
14,708
5,961
5,143
970
808
2,234
5,145
45301
19376
3,700
39
2,604
30
156
9,757
261
272
394
297
814
649
330
73
1347
72
0
95
3
2
977
18,029
3.628
39
2309
28
154
8,780
74
391
740
1
0
4,927
2,484
2,442
508,519
17.051
1
23,420
3,316
485,099
13,735
90
J
59
22
129
64
1
0
1,692
0
145
190
40
11,046
1,665
2.187
2,660
4335
(D)
194
162
48
2,413
5.815
377
297
3.784
/D\
0
6
8
0
3
0
18
8
(*)
8
498
1,667
178
196
49
56
275
1,009
13
12
5351
8
(D)
8
8
9,762
2,444
58
2,938
D
( )
4,248
594
274
1,560
1,061
2,861
155
20,769.
42
35
146
61
22
0
1
2
0
2
(
?
10
2
H
64
i
1
1
0
5
0
0
0
5
0
0
0
35
7
0
28
0
329
73
1354
615
0
19
0
(*)
591
5
(*)
33
35
2
53
(*)
0
81
7
0
(*)
0
0
74
0
0
0
0
0
0
0
0
1373
608
0
19
0
(*)
517
5
C)
33
35
2
53
(*)
0
8
©o
..
Saudi Arabia .... .
........
United Arab Emirates ..
Other ...
.
To
foreign
persons
ooo
Africa
Egypt ,
Nigeria
South Africa
Other
Taiwan
Thailand
Other
.
+
Other Western Hemisphere
Bahamas ......
Barbados
Middle East
Israel
.....
To U.S.
peisons
Services
Goods
Total sales
5,335
9,373
823
4,320
7
1
6
4,920
2,484
2,436
0
0
0
448.957
15,650
1
19,266
3.298
429.692
12,352
51,886
1,371
0
3,304
18
48382
1.353
0
7,675
30
0
851
0
0
6,825
30
43
SURVEY OF CURRENT BUSINESS
October 1991
Table 13.—Sales by Nonbank U.S. Parents, Industry of U.S. Parent by Industry of Sales, 1989
[Millions of dollars]
Industry of U.S. parent1
All industries ....
Petroleum
Oil and gas extraction
Crude petroleum (no refining) and natural gas ..
Oil and gas field services
Petroleum and coal products manufacturing
Integrated petroleum refining and extraction
Petroleum refining without extraction
Petroleum and coal products, n.e.c
Petroleum wholesale trade
Other
Manufacturing
Food and kindred products
Grain mill and bakery products ,
Beverages
Other
....
Chemicals and allied products
Industrial chemicals and synthetics
Drugs
Soap, cleaners, and toilet goods
Agricultural chemicals
...
Chemical products, n.e.c
Primary and fabricated metals
Primary metal industries
Ferrous
.................
Nonfcrrous
Fabricated metal products
Machinery, except electrical
Farm and garden machinery
Construction, mining, and materials handling machinery
Computer and office equipment
...........
Other
Electric and electronic equipment
Household appliances
Household audio and video, and communications
equipment
Electronic components and accessories
Electrical machinery, n.c.c
Transportation equipment
Motor vehicles and equipment
Other
Other manufacturing
Tobacco products
Textile products and apparel
Lumber, wood, furniture, and fixtures
Paper and allied products ..
Printing and publishing ..:..
Rubber products
Miscellaneous plastics products
Glass products
Stone, clay, and other nonmetallic mineral products
Instruments and related products
Other
Wholesale trade
Durable goods
•
Nondurable goods
Finance (except banking), insurance, and real estate
Finance, except banking
,
Insurance
Real estate
Holding companies, except bank holding companies
Services
Hotels and other lodging places
Business services
Advertising
Equipment rental (ex. automotive and computers) ..
Computer processing and data preparation services
Husincss servicest n+c.c ..**+•»•->
•ni,,.4l, „
Automotive rental and leasing, without drivers
Motion pictures, including televsion tape and film
Health services
Engineering, architectural, and surveying services
,
Management and public relations services
,
Other
"
,
Other industries
Agriculture, forestry, and fishing
Mining
H,H
Metal mining
Nonmetallic minerals
Construction m+ tt
^+ ................
Transportation
Communications and public utilities
Retail trade
Food
Chemi- Primary
and kin- cals and and fabdred
ricated
allied
products products metals
TransDoruttion
equipment
530,541
13,911
2,241
3,133,588 313,863
352,727 275,827
9.312
5.408
4,267
3,089
5,045
2,320
268,330 220,069
262,445 215,732
1,544,658
193.234
33.306
37,068
122,860
232,139
106,523
56,989
42.754
7.769
18,104
103,806
57.128
21,539
35,589
46,678
173,599
17,445
24,102
86,402
45,649
137,246
11.503
358,523
236,482
122,041
346.112
27.527
26.699
34,942
69,521
49,845
16,463
12,363
9,513
13.385
75,483
10369
224,508
104,733
119.775
376,418
77,380
296,916
2,122
0
111,447
10,807
35,502
4,742
8
6.910
1,298,967
158.159
28.761
30,379
99.019
198,049
85,374
52,553
38.221
5,026
16,875
84,106
45.491
17,284
28,207
38.615
142,982
12,940
21.372
66,945
41,725
110,531
11,062
292.988
21,384
25,598
30,468
59,999
38,427
14,302
11.775
8.452
10,969
62,223
9.391
25,992
9,083
16.908
8,669
0
0
8,657
11,997
16,103
9,128
2,013
17,238
523,829
1,529
7,327
4,788
2.539
20,997
110.522
185,630
197,824
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
1. "Industry of U.S. parent*' is the industry in which the parent's sales were largest
2. "Industry of sales" is the industry of the goods or services being sold.
3. In the breakdown of U.S. parents' sales by industry of sales, only the eight largest categories had to
be specified. If a given parent had sales in more than eight industries, the distribution of its sales in the specified industries would have covered less than 100 percent of its total sales. Sales in all unspecified industries
combined are shown in this column.
Finance
(except
banking), insurance,
and real
estate
156,402
73,469
40,539
24,390
4.154
13,850
64.263
36.874
14,494
22.381
27388
3.788
409
570
121,517
9,082
17,518
61,271
33.646
10,042
n
256,269
20,048
24,100
27,880
55,946
37,107
12.115
9,036
7.657
10,686
42,581
9,114
354,11
72.200
279,868
2,048
0
10,522
15,135
6,454
6,551
15.976
7,088
1.986
16,390
8310 457,377
1365
5.000
3,626
1,374
16305
107,69
159.860
167,15
44
SURVEY OF CURRENT BUSINESS
October 1991
Table 14.—Sales by Majority-Owned Nonbank Foreign Affiliates, Industry of Affiliate by Industry of Sales, 1989
[Millions of dollars]
Industry of sales 2
Sales
Manufacturing
Industry of foreign affiliate *
All industries
Petroleum
,
Oil and gas extraction
Crude petroleum (no refining) and natural gas ....
Oil and gas field services
Petroleum and coal products manufacturing
Integrated petroleum refining and extraction
Petroleum refining without extraction
Petroleum and coal products, n.e.c
Petroleum wholesale trade
Other
Manufacturing
........
Food and kindred products
Grain mill and bakery products ..
Beverages
Other
Chemicals and allied products
Industrial chemicals and synthetics
D
g
Soap, cleaners, and toilet goods
Agricultural chemicals
Chemical products, n.e.c
Primary and fabricated metals
Primary metal industries
Ferrous
~
.......
Nonferrous
Fabricated metal products ....
Machinery, except electrical
Farm and garden machinery
Construction, mining, and materials handling machinery .
Computer and office equipment
Other
Electric and electronic equipment
,
Household appliances
Household audio and video, and communications equipment .
Electronic components and accessories
Electrical machinery, n.e.c
,
.,„
Transportation equipment
Motor vehicles and equipment
....„
Other
Other manufacturing
Tobacco products
Textile products and apparel
Lumber, wood, furniture, and fixtures
Paper and allied products
Printing and publishing
Rubber products
Miscellaneous plastics products
Glass products
Stone, clay, and other nonmctallic mineral products .
Instruments and related products
Other ,..„
Wholesale trade
Durable goods
Nondurable goods
Finance (except banking), insurance, and real estate .
Finance, except banking
Insurance
Real estate
Holding companies, except bank holding companies ...
Services
Hotels and other lodging places
Business services
.'....
Advertising
,
Equipment rental (ex. automotive and computers) ...
Computer processing and data preparation services .,
Business services, n.e.c
Automotive rental and leasing, without drivers
,
Motion pictures, including televsion tape and film
Health services
,
Engineering, architectural, and surveying services
Management and public relations services
Other
Other industries
Agriculture, forestry, and fishing
,
Mining
,
Metal mining
Nonmetallic minerals
Construction
Transportation
Communications and public utilities
Retail trade
„
All indus- Petroleum
tries
1,015,263
179,863
36.098
33,392
2,706
71,950
30,008
41463
379
65450
6,266
504456
50,113
15,294
9,583
25,236
94.654
40,651
23,100
18,918
1.897
10.089
20,880
5,686
1,184
4,502
15.194
97,290
5,398
9,666
63,800
18,426
37,281
5.111
3.707
20.831
7,632
114,380
111,170
3,210
89.958
10.368
5.314
2488
17458
3428
9,089
6,797
3,265
4,357
23.071
4,024
204,145
134,116
70,030
50,242
24,118
24,763
1,147
214
33415
2,212
17,189
3.017
890
8496
4,686
1,179
2,251
715
3.388
2.893
3,688
42,942
1,592
4,146
3,013
1,133
4.307
4,971
3.671
24,256
178,487
177423
35,936
33,288
2,649
70,688
29,032
41,373
283
64,808
6,091
527
0
0
0
0
457
427
1
(D
0
D
( )
(D)
0
0
0
(D)
41
0
32
0
9
0
0
0
0
0
0
0
0
(D)
0
0
0
0
0
0
6
0
0
0
(D)
(D)
60
(D)
1
1
0
0
(*)
0
0
0
0
0
0
0
0
0
0
0
0
0
(D)
0
0
0
0
0
16
0
(°)
Finance
(except
bankFood Chemi- Primary Machin- Electric
WholeTransing),
in- Services
Other
and
and kin- cals and and fab- ery, ex- electron- portation manu- sale trade surance,
dred
cept ic equip- equip* facturing
allied ricated
and real
mem
products products metals electrical ment
estate
Total
472390
(DD)
(
0
(&
$
66
0
462,182
48,081
14,331
9.511
24,239
91,187
38,409
22.635
18,425
8
20,200
5,441
1,116
4.325
14,759
83,007
4,595
9,064
51,258
18,090
35.152
4,863
3.606
19,533
7,150
98,575
95,662
2,913
85.979
10.357
5.200
2.496
16,703
3,490
8,667
6,649
3,199
4,211
21.232
3,776
7,788
4.424
3.365
(D)
0
0
0
(D)
422
0
254
el
(D00)
0
()
0
D
()
(DD)
( )
86
D
8
7
tD\
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
1. "Industry of foreign affiliate" is the industry in which the affiliate's sales were largest.
2. "Industry of sales" is the industry of the goods or services being sold.
3. In the breakdown of affiliates' sales by industry of sales, only the five largest categories had to be specified. If a given affiliate had sales in more than five industries, the distribution of its sales in the specified
industries would have covered less than 100 percent of its total sales. Sales in all unspecified industries combined are shown in this column.
49,640
0
0
0
0
0
0
0
0
0
0
47,905
46,758
(D)
(D)
23,824
982
(D)
545
333
(D)
(D)
(D)
0
0
0
•D\
(D)
0
0
0
()
0
0
0
0
0
0
0
0
(D)
0
0
0
(D)
0
0
0
0
0
(D)
D
( )
1,692
5
1,687
0
0
0
0
0
(D)
D
o
(D)
(D0)
0
0
0
0
0
0
0
0
D
( )
(D)
0
0
0
0
0
0
0
90,208
(D)
0
0
0
D
(D)
(D)
(D)
()
(D)
0
88,016
279
6
5
267
85,151
35,787
21,720
16,346
1,757
9,542
307
(D)
0
(DD)
( )
(D)
0
(D)
0
5
D
<D )
( )
0
4
(D)
0
0
0
2,170
0
(D)
2
766
21,499
0
0
0
0
0
0
0
0
0
0
21302
(D)
0
3
(D)
1,119
(D)
80
2
18.764
5.350
1.084
4,266
13,414
283
13
151
4
115
202
0
3
(DD)
( )
(D)
572
(D)
331
0
85,636
24
(D)
0
(D)
(*)
0
0
(*)
(D)
0
83,675
(*)
0
0
(*)
163
(D)
0
1
2
D
( )
280
28
24
4
35,935
0
0
0
0
0
0
0
0
0
0
35382
(DD)
( )
0
(D)
231
178
80
157
39
1
38
118
376
0
0
0
0
0
0
0
0
0
0
252
81.902
4,582
8,896
50,685
17,740
349
(DD)
( )
139
146
817
801
16
163
0
(D)
4
32
0
D
( )
13
0
0
75
4
(DD)
( )
0
0
0
0
0
0
85
0
28
0
4
24
0
0
0
0
0
0
57
(D)
(t>)
(D)
(D)
0
0
1
0
1
0
0
(D)
(D)
0
(D)
0
(D)
(D)
o0
0
0
(D)
1
(D)
536
(D)
(D)
318
4
1,091
69
1,022
2
0
0
0
2
3
0
2
0
2
0
0
0
0
0
1
8
0
0
0
0
{D)
0
0
0
80
166
(D)
69
177
(DD)
( )
0
0
0
0
0
(D)
0
(D)
o
(°)0
0
(D)
(°)
33,373
4,704
3.517
18,979
6,172
426
425
1
(D)
0
98342
0
0
0
0
0
0
0
0
0
0
96377
0
0
0
0
0
0
0
0
0
0
D
( )
0
0
0
(D)
(D)
0
0
0
D
( )
98
(D)
17
33
(D)
(*)
0
58
0
96,410
93,626
2.784
12
0
0
0
0
0
4
(D)
0
8i
0
1
( )
(P)
(D)
0
0
0
0
0
141
0
(D)
0
0
0
(D)
0
0
0
0
0
D
( )
o
2
(*)
D
1,703
1,703
0
(P)
0
0
0
(D)
(D)
0
0
0
0
0
0
0
0
0
0
0
D
( )
0
0
0
0
0
0
0
0
0
91,130
(D)
0
0
DO
0
D0
0
0
89325
D
()
o
8
3.540
1,407
310
1456
89
178
671
(D)
7
(DD)
( )
397
DO
206,651
351
44
0
44
0
0
0
0
307
0
24,156
1.398
662
(D)
( )
2.778
1,717
432
447
(D)
(D)
389
177
(D)
(D)
211
1,884
803
(D)
173
(°)
212
(DD)
856
( )
(D)
D
( )
(P)
3.995
20.308
(D)
1,618
1,113
506
0
0
0
0
0
101
0
49
69
(D)
JD\
D
( )
(P)
/D\
1
(D)
0
(DD)
()
0
(D)
0
0
(*)
0
(*)
0
0
(D)
82
0
0
0
0
0
0
0
0
0
0
0
0
(D)
0
0
(D)
0
1
0
0
0
9
9
0
(D)
0
0
0
u
(DD)
()
(t>)
431
0
7
0
333
0
111
D
0
()
1
39
0
396
(D)
146
394
181,464
115,266
(D)
66,198
5 48,935
(D) 24,063
0 23,552
1,147
0
173
(D)
617
50
1
0
560
(D)
0
8 i(D)
i
0
0
0
(D)
0
D
()
(°)0
1
(D)
708
(D)
238
(D)
82,417
10,357
4,911
2,481
15,682
3,489
8,512
6,008
50409
o
0
(*)
0
(DD)
( )
5S
(P)
0
0
0
(D)
0
0
(D)
(*)
(D)
6
(*)
o
(D9)
D
( )
0
0
0
0
0
0
1
D
( )
59402
247
(°)
((DD ))
119
(D)
(D)
2
(D)
1
13,168
106
2
(D)
67
(D)
/D)
/D\
Other specified
indus- by in-3
dustry
tries
43,674
613
(D)
0
(DD)
(D)
( )
0
(D)
174
1,432
215
(P)
/O\
145
(D)
(D)
(°)
o2
0
(D)
31
(*)
0
2
126
(D)
s?
(31D0)
(D)
(D)
96
307
56
(D)
91
(°)
(DD)
()
(DD)
( 0)
(D)
0
(D)
9
D
( )
30
0
1
947
7
13462
13,402
160
102
39
(D)
8
32,155
2,210
16,132
2,970
526
8,195
4,441
1,161
2,245
715
3.355
2,874
3.464
269
(°)o
/D\
o
0
12
139
(D)
4
0
(D)
8
0
353
0
1
(P)
70
22
(D)
0
(D)
45
8
53
(DD)
(D)
( )
(DD)
( )
0
0
0
168
1
(D)
0
1
0
0
80
0
(D)
41,235
1469
4,058
(D)
118
3
(D)
135
3,458
4,946
3.655
23,549
(D)
4,051
(P)
0
0
0
(D'
D
(
0
G
0
0
D
()
(D)
47
0
(Pi
(DD)
(
]
(D
(
26
(D)
(c
(
(D
58
217
0
15
196
6
825
37
69
498
221
26
(D
(D
919
0
<*
2
330
C
0
(*'
C
62
487
38
468
45C
13
1,171
C
(D
0
(°!
102
C
102
0
77
0
24
C
C
C
C
c
c
(D
c
(D
Dc
(D
(
c
c
c
October 1991
Text continues from p. 40.
metal mining—and in three manufacturing industries—computers and office equipment, electronic components
and accessories, and transportation
equipment. Except for metal mining,
most of the sales to the United States
in these industries, as well as in most
other industries, were to U.S. parents.
Sales to the United States accounted
for a relatively large share of total
sales by MOFA's in Canada and Mexico (mostly by transportation equipment affiliates), in Singapore and Taiwan (mainly by affiliates that manufacture computer components), and in
Bermuda, Nigeria, United Arab Emirates, and Egypt (mostly by petroleum affiliates). They also accounted
for a sizable share of total sales by
MOFA's in the Netherlands Antilles;
this large share mostly reflected interest payments (investment income)
received from U.S. parents.
Specialization of MNC's
In all the tables in this article that
are disaggregated by industry, except
for tables 13 and 14, parents and affiliates are classified by industry of
enterprise—that is, by the industry
that accounted16for the largest portion
of their sales.
In the benchmark
survey, sales data were collected by
industry of sales to determine the correct industry classification of parents
and affiliates. This information can
also be used to examine the degree of
industrial specialization of parent and
affiliate operations.
Tables 13 and 14 show sales for U.S.
parents and MOFA's in their industries
of classification and in other industries.
For U.S. parents, the proportion of
sales in their industry of classification
(industry specialization ratio) ranged
from 94 percent in FIRE to 75 percent
in wholesale trade. In manufacturing,
the ratio was 84 percent; within manufacturing, the ratio was highest in
transportation equipment and lowest
in electric and electronic equipment.
For MOFA's, the industry specialization ratios ranged from 99 percent
in petroleum to 89 percent in wholesale trade. In manufacturing, the
16. Each U.S. parent or affiliate was classified by industry on the basis of its sales (or total income for
holding companies). First, the parent or affiliate was
classified in the major industry group that accounted
for the largest percentage of its sales. Second, within
the major industry group, the parent or affiliate was
classified in the two-digit industry group in which its
sales were largest. Third, within its two-digit industry,
the parent or affiliate was classified in the three-digit
subindustry in which its sales were largest.
SURVEY OF CURRENT BUSINESS
45
item. In some cases, reporters had
difficulty supplying the required information because the data were not
easily accessible or were unavailable
from their financial accounting records.
In particular, data on trade and employment are subject to a higher degree
of estimation than other items.
The development of procedures to estimate the missing data enabled BEA
to publish these preliminary results
in 17 months from the due date of
Coverage and Methodology the reports. (For the 1982 benchmark survey, only final estimates were
of the Benchmark Survey
prepared, and these results were pubBenchmark surveys are the most lished 30 months after the due date
comprehensive surveys of U.S. direct of the reports.) Final results of the
investment abroad conducted by BEA. 1989 benchmark survey, incorporating
The preliminary results from the 1989 data from reports received and probenchmark survey are based on re- cessed after the publication of these
ported or estimated data for 2,167 U.S. preliminary results, will be published
parents and 17,835 foreign affiliates. next fall. Overall, the differences beThis survey covered all foreign affili- tween the preliminary and final results
ates of U.S. direct investors that had are expected to be small, but they
assets, sales, or net income of more could be sizable for some items and for
than $3 million. It collected detailed individual countries and industries.
information on the financial structure
In the 1989 benchmark survey, a
and overall operations of the foreign long form, requesting information in
affiliates and their U.S. parent compa- considerable detail, was filed by affilinies, as well as on transactions and ates with assets, sales, or net income
positions between the foreign affiliates greater than $15 million. The most deand their U.S. parents. For similar tail was obtained for majority-owned
data items, the 1989 estimates pres- nonbank affiliates. To minimize the
ented in this article extend the time burden on survey respondents, a short
series of universe estimates for 1983- form requesting less detail was intro88, which were derived from sample duced for filing by smaller affiliates.
data reported in BEA's annual surveys For these affiliates, BEA has estimated
of U.S. direct investment abroad.
the items that appear only on the long
The concepts and definitions under- form, so that the published results are
lying the 1989 benchmark survey are presented in the same detail for all
essentially the same as those under- affiliates regardless of size.
lying the previous benchmark survey,
Some of the industry and country deas described in U.S. Direct Invest- tail that is shown in this article differs
ment Abroad: 1982 Benchmark Survey from that shown in prior annual surData. The full methodology for the vey articles. By industry, more detail
1989 survey will accompany the re- is shown in "services" and in "other invised estimates to be published next dustries". By country, the detail shown
fall.
has been reorganized along strictly geTo produce these preliminary results ographic lines; economic or political
from the 1989 benchmark survey, BEA groups, such as the European Commumade estimates for reports not received nities, are no longer shown in the body
or processed in time for publication of the tables, but in some cases are
and for items that were not reported shown as addenda. In addition, a few
or were reported incorrectly. The de- countries in which U.S. investment has
gree of estimation varies from item to declined significaiftly were dropped,
and several countries in which invest17. Parent and MOFA specialization ratios are senment
has expanded significantly were
sitive to levels of company consolidation and thus are
added.
not strictly comparable. In the benchmark survey,
U.S. parents were defined as fully consolidated busiThe geographic allocation of sales of
ness enterprises and were required to consolidate all
services by affiliates in "International"
domestic (U.S.) subsidiaries owned more than 50 percent, regardless of industry classification. By contrast,
—that is, by affiliates having operaMOFA's were not allowed to consolidate affiliates across
tions in more than one country and encountries and, within a given country, could consoligaged in petroleum shipping, other wadate affiliates only if they were classified in the same
industry or were integral parts of the same business
ter transportation, or operating movoperation. Largely because of this difference in consolable
oil- and gas-drilling equipment—
idation, the specialization ratios for MOFA's tend to be
has been changed. Sales to U.S. perhigher than those for parents.
ratio was 92 percent; within manufacturing, the ratio was highest in
food manufacturing and lowest in both
transportation equipment and nonelectrical machinery. These high ratios
for MOFA's show that most affiliates
tend to specialize in the manufacture
or sale of a specific product or to engage in the development of a specific
natural resource, such as petroleum or
minerals.17
46
SURVEY OF CURRENT BUSINESS
October 1991
sons by these affiliates are now being idated with another U.S. parent or sales by $36.0 billion, and employment
recorded as sales to the United States; foreign affiliate since the last bench- by 571,000 (table 15, line 2). For affilpreviously, all sales by these affiliates mark survey. As a result of both iates, it reduced assets by $5.0 billion,
reviews, a net of 228 parents and 127 sales by $3.5 billion, and employment
were recorded as local sales.
foreign affiliates were added to the by 46,000 (table 15, line 11). However,
direct investment universe.
for certain countries and industries,
The improved coverage of the MNC
universe in 1989
Globally, the net addition of these the gross changes in the estimates due
parents and affiliates did not con- to the addition or deletion of parents
In conducting a benchmark survey, tribute
significantly to the 1989 and affiliates were quite large (table
BEA comprehensively reviews outside changes in
the MNC estimates, except 15, lines 3 and 6 for parents and
sources of information to improve the for the estimates
employ- lines 12 and 15 for affiliates) and may
coverage of its universe of U.S. parent ment. For parents,oftheparent
improved
cov- have had sizable effects on the 1989
companies and foreign affiliates. The
review for the 1989 benchmark survey erage increased assets by $43.3 billion, changes.
identified 664 parent companies and
5,188 foreign affiliates that had not
Table 15.—Sources of Change in Selected Data Items for Nonbank U.S. Parents and Their
previously been reported to BEA (taNonbank Foreign Affiliates, 1988-89
ble 15). The newly identified parents
AddenMillions of dollars
were those that had failed to report
Employdum:
ment
Number
in prior annual surveys or that were
(thouof parents
Sales
Assets
sands)
or
not required to report because all of
affiliates*
their affiliates were below the exemption level of the annual survey. Most of
Parents
the newly identified affiliates were be174
983.4
541,974
305,379
Total change (sum of lines 2 and 7)
.............
228
571.3
43,314
35,977
Net change due to benchmark revisions (sum of lines 3 and 6)
low the annual survey exemption level
664
1,683.3
220,877
277,314
Parents
that
entered
the
survey
universe
(sum
of
lines
4
and
5)
312
607.4
65,366
79485
Parents that were not required to report in prior annual surveys because their affiliates
and were not required to be reported.18
were below BEA's exemption levels .
352
197.729
1,075.9
155.511
Parents that were required to report in prior annual surveys but did not
However, the newly identified affili-436
-234,000 -184.900 -1,112.0
Parents that left the survey universe since the last benchmark survey but for which BEA
ates that exceeded the exemption level,
continued to make estimates through 1988 .
though much smaller in number, to498,660
412.1
269,402
Actual changes in parent operations in 1989 (sum of lines 8 and 9)
22,498
37,199
130.7
37
Parents that established or acquired their first foreign affiliate in 1989
gether had far larger assets, sales, and
246,904
461,461
281.4
Parents that were reported in both 1988 and 1989*
employment than the affiliates that
were below the exemption level.
905
71,552
107,669
Total change (sum of lines 11 and 16)
217.9
BEA also reviewed the status of ex127
-3,505
-4,970
Net change due to benchmark revisions (sum of lines 12 and 15)
-46.3
5,188
82,012
89,056
602.8
Affiliates that entered the survey universe (sum of lines 13 and 14)
isting parents and affiliates, including
3,347
15,567
12,659
183.8
Affiliates that were not required to be reported in prior annual surveys because they
were below BEA's exemption levels .
those whose data had been estimated
1,841
419.0
Affiliates that were required to be reported in prior annual surveys but were not
66,445
76.397
-649.1
Affiliates that left the survey universe since the last benchmark survey but for which
-5,061
-85,517
-94,026
since the last benchmark survey. This
BEA continued to make estimates through 1988*.
review eliminated 436 parent compa264.2
75,057
Actual changes in affiliate operations in 1989 (sum of lines 17 and 18)
112,639
nies and 5,061 foreign affiliates from
193.4
20,923
Affiliates established or acquired in 1989
735
40,680
54,134
Affiliates that were reported in both 1988 and 1989
70.8
71,959
the universe because they had been
The total change in the number of parents or affiliates (line 1 or 10) is the sum of the net change due to benchmark revisions (line 2 or
sold, liquidated, or merged or consol- 11),1. establishments
or acquisitions of affiliates in 1989 (line 8 or 17), liquidations or selloffs of affiliates in 1989 (included in line 9 or 18), and
2
3
3
7
18. More affiliates are required to be reported in
benchmark surveys than in annual surveys. In the 1989
benchmark survey, a report had to be filed for an affiliate that was at least 10-percent owned by a U.S.
person and that had assets, sales, or net income (positive or negative) greater than $3 million. In the annual
surveys prior to 1989, an affiliate generally had to be
reported if it was owned at least 20 percent by a U.S.
person and had assets, sales, or net income greater than
$10 million.
reorganizations of existing operations in 1989 that divided single business entities or that consolidated separate business entities.
2. More U.S. parents are rtquircd to report in benchmark surveys than in annual sample surveys. In the 1989 benchmark survey, a parent had
to report if it owned at least 10 percent of any foreign affiliate with assets, sales, or net income (positive or negative) greater than S3 million.
In the annual surveys covering 1983-88, a parent generally had to report if it owned at least 20 percent of an affiliate with assets, sales, or net
income greater than $10 million.
3. Parents may leave the survey universe either because they no longer have any foreign affiliates that meet BEA's reporting criteria or because
they cease to exist as business entities.
4. Includes parents that existed for at least part of both 1988 and 1989, including parent* that liquidated or sold their last foreign affiliate in
1989.
5. More affiliates are required to be reported in benchmark surveys than in annual sample surveys. In the 1989 benchmark survey, a report had
to be filed for an affiliate that was at least 10-percent owned by a U.S. person and that had assets, sales, or net income (positive or negative)
greater than $3 million. In the annual surveys covering 1983-S8, an affiliate generally had to be reported if it was owned at least 20 percent by
a U.S. person and had assets, sales, or net income greater than $10 million.
6. Affiliates may leave the survey universe cither because they no longer meet BEA's reporting criteria or because they are sold to foreigners
or cease to exist as a business entity.
7. Includes affiliates that existed for at least pan of both 1988 and 1989, including affiliates that were liquidated or sold to foreigners in 1989.
47
SURVEY OF CURRENT BUSINESS
October 1991
Table 16.—Employment of Nonbank U.S. MNC's, U.S. Parents, and Foreign Affiliates, by Industry of U.S. Parent, 1987-89
Number of employees (thousands)
MNC's worldwide
Affiliates
as a percentage
ofU.S.
MNC's
worldwide in
1989
Percent change
MNC's worldwide
Parents
1988
1989 >
24,255.4
24,141.1
25342.4
17,985.8
17,737.6
18,721.0
6,269.6
6,403.5
6,621.4
-.5
,
1,006.8
981.8
944.5
693.8
658.4
628.0
313.0
323.4
316.5
-2.5
14,292.5
1,666.9
1,908.5
891.1
1,757.5
1,478.2
3,175.4
3,414.8
14,651.5
1,663.4
1,969.8
917.9
1,985.3
1,441.9
3,067.6
3.605.6
10,195.9
1.158.2
1,258.7
674.1
1,131.0
1,149.3
2,331.7
2,493.0
9,819.9
1,067.9
1,189.2
666.3
1,156.9
1,042.5
2,172.9
2,524.1
10,138.4
1,135.5
1,253.4
690.6
1,266.7
1,016.3
2,083.0
2,692.9
4,409.6
586.8
729.6
226.5
597.2
427.4
977.1
865.0
4,472.6
599.0
719.3
224.8
600.6
435.7
1.002.5
890.7
4,513.1
527.9
716.4
227.3
718.6
425.6
984.6
912.7
-2.1
^J.5
-4.0
-1.1
1.7
-6.2
-4.0
1.7
2.5
-.2
3.2
3.0
13.0
-2.5
-3.7
-7.8
-5.5
-1.2
2.3
-9.3
,
,..
14,605.5
1.745.0
1,988.3
900.6
1,728.2
1,576.7
3,308.8
3.358.0
3.2
6.3
5.4
3.6
9.5
-2.5
-4.1
6.7
448.9
498.1
576.5
314.7
341.8
423.7
134.2
156.3
152.8
U.O
15.7
8.6
Finance (except banking), insurance, and real estate
1,500.0
1,470.9
1,537.6
1,054.1
1,049.3
1,080.9
445.9
421.6
456.7
-1.9
Services
1,692.6
1,780.1
2,105.8
1,478.0
1,530.0
1,725.7
214.6
250.1
380.1
5.2
18.3
12.8
18.1
Other industries
5,001.6
5,117.7
5,526.4
4,249.3
4,338.3
4,724.2
752.3
779.4
802.2
2.3
8.0
8.9
14.5
All industries
Petroleum
..
.,
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Machinery, except electrical
Electric and electronic equipment
Transportation equipment
Other manufacturing
Wholesale trade
26.1
-2.1
1.4
2.1
-1.4
-.8
.6
1.9
2.6
3.0
.9
-11.9
-.4
1.1
19.6
-2.3
-1.8
2.5
30.8
31.7
36.4
24.8
36.2
29.5
32.1
25.3
24.0
-2.2
26.5
3.0
8.3
29.7
1. See footnote 1 to table 1.
MNC Multinational company
Ordering Publications and Diskettes on U.S. Direct Investment Abroad
Additional detail from the 1989 and 1982 benchmark surveys and the 1983-88 annual surveys are available in the publications
listed below. The estimates for 1983—89 are also available on computer diskettes.
The 1983-85 publications, and the diskettes for all years, may be obtained from the Public Information Office, Order Desk, BE-53,
Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230. Make check or money order payable to "Bureau
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The publications for 1986 forward may be obtained from the Superintendent of Documents, U.S. Government Printing Office (GPO),
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The titles, BEA accession or GPO stock numbers, and prices of the publications, and the years, BEA accession numbers, and prices
of the diskettes, which should be quoted when ordering, are as follows:
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Title
Year
1983
1984
1985
1986
1987
1988
1989
U.S. Direct Investment Abroad: Operations of U.S. Parent Companies and Their
Foreign Affiliates:
Revised 1983 Estimates
Revised 1984 Estimates
Revised 1985 Estimates
Revised 1986 Estimates
Revised 1987 Estimates
Revised 1988 Estimates
U.S. Direct Investment Abroad: 1989
Benchmark Survey, Preliminary Results
BEA Accession
Number
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Number
50-86-10-103
50-87-10-103
50-88-10-103
Price
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For 1982, estimates in greater detail than those for 1983-88 may be obtained in U.S. Direct Investment Abroad: 1982 Benchmark
Survey Data. That publication, which contains detailed results of the 1982 benchmark survey and a methodology for U.S. direct
investment abroad, may be obtained from the National Technical Information Service (NTIS), NTIS Accession No. PB 86-169117,
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48
SURVEY OF CURRENT BUSINESS
October 1991
Table 17.1.—Selected Data for Nonbank U.S. Parents, by Industry of U.S. Parent, 1988
Millions of dollars
Sales
Total assets
All Industries
Petroleum
Oil and gas extraction
Crude petroleum (no refining) and natural gas
Oil and gas field services
Petroleum and coal products manufacturing
Integrated petroleum refining and extraction
Petroleum refining without extraction
Petroleum and coal products, n.e.c
Petroleum wholesale trade .
.......
......
Other
Z!ZZ!
ZZ!
Goods
Net income
Expenditures
for property,
plant, and
equipment
Employee
compensation
Number of
employees (thousands)
4363,441
2,828,209
2,017,410
810,799
156,083
177,203
591,434
17,737.(
429,439
24,995
17,853
7,142
312.320
309.644
(D)
293,946
9,086
4,064
5,022
231.277
228,155
273,924
5,677
20,022
3,409
(DD)
()
6,881
6,810
20353
-100
144
-244
19.742
19,530
28,837
1,836
1,573
263
24.609
24,459
29322
3,107
633
2,474
22,832
22,428
658.4
8
3357
(D)
43,663
188
795
115
2,252
140
2,964
419
67.
506..
496.
( DD
(
60/
ll.(
89,407
80,245
366,446
9,819.!
11,959
2,673
6,096
3,190
8,498
2,382
3,069
3,047
27,497
6,784
10,679
10,035
l,067.<
295.:
399.
373..
87,819
4.305
ZZ!
Total
Services and
investment
incomel
8
224,396
221,345
8
3,169
6,563
119,420
so.:
1,633,824
50,226
1,430,731
167,311
42,127
68,321
56,863
182.795
44,347
62,830
75.617
180.490
(D)
61,842
<°)
988
(D)
258,547
109,015
70,017
51,554
9.097
18,865
210,844
93,058
55,361
37,118
6,571
18,736
204,255
89302
54,363
36,047
6,480
17,864
6,588
3.556
999
1,071
91
872
21,775
8,566
9,039
2,432
562
1,175
15,123
7.895
3,925
1,605
577
1,121
47,585
20,440
14,468
7,389
971
4,317
1,189.;
470/
369.C
2O6.<
25.<
117.
91,184
49347
23,308
26,038
41,837
93366
49,112
24,864
24,249
44,454
90,414
47,268
24,442
22,826
43,146
3,152
1,844
422
1,422
1,308
1338
-798
-3,105
2,308
2,336
4,608
2.534
1,047
1,487
2,074
24,110
12,978
8.044
4,934
11,132
666.:
297.(
163.
134..
368/
Machinery, except electrical
,
Farm and garden machinery
Construction, mining, and materials handling machinery
Computer and office equipment
„
Other
-
174,949
10,310
24.231
108,264
32,144
143,133
7,443
24,842
76,158
34,690
121,212
21,921
(D)
752
18,696
(D)
12,038
412
1,088
9,688
850
9,259
213
984
6,741
1,320
48,670
2,007
5,938
30.407
10,317
50.<
169/
618.
317.
Electric and electronic equipment
Household appliances
Household audio and video, and communications equipment ...
Electronic components and accessories
Electrical machinery, n.e.c
185.705
6,676
28,469
21,257
129,303
132,297
7.518
31,764
20.508
72,506
109,741
(D)
22,556
(°)
(°)
(D)
354
(D)
7,738
321
1,506
1,306
4,605
5.972
349
1,552
1,440
2,631
36.975
1,516
10.754
5.831
18.873
1,042..
59..
278.
189.
515.(
Transportation equipment
Motor vehicles and equipment
Other
425.976
316.817
109.160
368,350
235,385
132.964
333,311
207,712
125,600
35,038
27,674
7,364
17,937
12.338
5,599
17,396
11,412
5,983
99,921
56,103
43,817
2,172/
1.068/
1,104.
Other manufacturing
.,,
.„........•..,.
Tobacco products
Textile products and apparel
Lumber, wood, furniture, and fixtures
Paper and allied products
Printing and publishing
.,
Rubber products
Miscellaneous plastics products
Glass products
,.
Stone, clay, and other nonmetallic mineral products
Instruments and related products
Other
330,152
24,454
20,946
28,811
61,136
45.281
16,861
8,738
10,133
13,999
90,628
9,166
299,746
13.936
24,894
29,380
59.806
40.106
14.046
10,038
6,898
12.582
76,718
11.343
271,887
11,452
24,692
(D)
58,840
32,746
(D)
27.859
2,483
202
12,444
63,729
10,864
138
12,988
480
16,423
1,374
864
1,661
5,199
3,066
536
651
244
-882
3,686
24
19,390
478
1,101
1,630
5,431
2,583
961
487
509
634
4,944
630
81,689
2.283
6.746
5,999
13,595
9,784
4,057
2,580
2,741
3,249
27,558
3,097
2324.
97..
342/
206.
362.
322.(
123.
88.^
77.^
81.
714.;
1O7.<
79376
45,406
34,169
194,188
108,561
85.627
191,103
106,251
84,853
3,084
2,310
774
2,452
1.147
1,305
4,463
3,015
1,448
9,755
4,981
4.774
341.1
163.
178..
Finance (except banking), insurance, and real estate
Finance, except banking
Insurance
Real estate
Holding companies, except bank holding companies
1342,032
542,629
995,348
1,659
2,397
378,014
71,009
306,119
798
87
12,222
1314
10,687
21
0
365,792
69,495
295,432
778
87
19,028
3.457
15,774
5
-209
9,084
2.335
6.741
8
(*)
40,162
14,255
25,826
70
11
1,049..
254.
793.
1.
Services
Hotels and other lodging places
Business services
Advertising
Equipment rental (ex. automotive and computers)
Computer processing and data preparation services
Business services, n.e.c ...'.
Automotive rental and leasing, without drivers
Motion pictures, including televsion tape and film
Health services
,
Engineering, architectural, and surveying services
Management and public relations services
Other
119,624
12373
30.246
5,837
2.727
8.927
12,755
13,450
19,436
19,033
6.992
4,378
13316
90487
10,695
24,264
3,980
769
5,881
13,634
7,262
10,201
15,983
4,749
2.827
14,307
13398
(D)
2.789
(D)
172
167
76,889
(D)
21,474
(D)
596
5,715
(D)
6,593
7,197
15389
4,009
2.827
4,842
-65
1.774
142
68
404
1,160
224
403
822
-203
63
1,824
12352
1,846
2.034
80
154
819
981
5,031
568
1,397
224
58
1,194
32,805
4,120
10.489
2,014
150
1,905
6,420
1,938
1,809
5,991
2,178
925
5.354
1330.
292.
554.
43/
4.
57.<
448.<
67.
49.
287.'
57.
19.
202.
558,946
3,523
7,771
5,057
2,714
8,690
76,606
304,242
158.114
441,043
3.058
5373
3,291
2,082
19.389
66396
160,364
186,463
225391
19^01
223
662
702
-40
-9
2,961
10,910
5,054
42,222
225
760
(DD)
( )
329
7,734
27.525
5,649
112,945
590
1,030
543
487
5,476
25,819
44.163
35.867
433823.<
28.
14/
13.
147.
682.<
1,129.
2,327.
Manufacturing
i
Food and kindred products
Grain mill and bakery products
Beverages
Other
Chemicals and allied products
Industrial chemicals and synthetics
Drugs
Soap, cleaners, and toilet goods
Agricultural chemicals
Chemical products, n.e.c
,
,
Primary and fabricated metals
Primary metal industries
,
.'..,
Nonfeirous
Fabricated metal products
.,
......
Wholesale trade
Durable goods
Nondurable goods
,
,
,
Other industries
Agriculture, forestry, and fishing
Mining
Metal mining
Nonmetallic minerals
Construction
Transportation
,
Communications and public utilities
Retail trade
!
!!!!!'.
* Less than 5500,000.
Suppressed to avoid disclosure of data of individual companies.
I. See footnote 2 to table 10.
D
13U310
(P)
24.090
57,461
(D)
20,154
(D)
8
8
3,004
394
740
0
(°)
**$
5,338
(D)
(D)
15.713
2,077
22,288
(D)
2,305
(°)
966
7,360
(D)
8
35
(D)
3.676
64,319
138,076
(D)
49
SURVEY OF CURRENT BUSINESS
October 1991
Table 17.2.—Selected Data for Nonbank U.S. Parents, by Industry of U.S. Parent, 1989 !
Millions of dollars
Sales
Total assets
Investment
income
Services
Goods
Total
Net income
Expendi*
tures for
property,
plant, and
equipment
Number of
employees
(thousands)
Employee
compensation
4,905,415
3,133488
2,212486
798,156
1223-45
166,406
203,066
662^66
501398
22,714
15,745
6,969
307,568
303,150
(DD)
( )
169.130
2,486
352,727
9,312
4,267
5,045
268,330
262.445
324,499
5,918
(D)
18391
23,621
339
350
-10
18.841
18.726
26362
1,478
1.250
228
22.140
21,948
29304
2371
615
2.256
22,900
22,383
74,539
546
60,532
0
(D)
9,289
9,058
224
6
5,728
539
9337
59
22
37
991
991
0
0
8,280
7
4,364
77
2,409
236
3,388
145
1378,022
1444,658
1,418383
100,641
25,634
83,463
993*9
391,119
186,886
30,588
45,785
110,514
193,234
33,306
37,068
122,860
185,851
33,093
36,300
116,459
6431
213
743
5475
851
0
25
826
13,096
2,075
4.671
6.350
9,312
1,780
3,348
4,183
28,783
5,023
7,660
16,101
295.254
140.371
76.965
48.546
11,486
17,887
232,139
106,523
56,989
42,754
7,769
18,104
225,060
101,918
56.513
41,259
7,621
17,748
6,493
4317
476
1,341
115
343
587
387
0
154
33
13
22472
9,035
9,665
2339
441
1,192
20,457
11,674
4,823
1.971
831
1,158
53,809
23,406
16,095
8,207
1,690
4,411
Primary and fabricated metals
Primary metal industries
Ferrous
Nonferrous
Fabricated metal products
106.518
61,952
19.969
41,983
44,566
103306
57,128
21,539
35489
46,678
98,813
53,797
4,946
3384
45,015
8
1,662
(°)
47
47
7
40
(*)
5.468
3384
971
2,913
1485
5.056
3,444
1,195
2350
1,611
26,133
14,530
5.876
8.654
11,602
Machinery, except electrical
Farm and garden machinery
,
Construction, mining, and materials handling machinery
Computer and office equipment
Other
220,249
(D)
23,468
121470
173499
17,445
24,102
86,402
45.649
150,391
15.799
23.836
67,842
42,914
21,186
(D)
266
17466
(D)
2,022
(D)
0
994
(D)
9,525
1,008
1,171
5,803
1443
11,733
57^76
4.436
5,968
33,264
13,608
Electric and electronic equipment
Household appliances
Household audio and video, and communications equipment
Electronic components and accessories
Electrical machinery, n.e.c
,
206,916
10,315
147,565
22.478
26459
137.246
11,503
79,299
20,480
25.963
120,216
11403
(D)
19,960
7.829
0
(D)
406
(°)
(°)
9,200
0
9,085
115
0
7343
398
4,692
1,010
1,142
11465
1.037
7,072
2,428
1.028
38,104
2,626
20,790
6.811
7.878
Transportation equipment
Motor vehicles and equipment
Other
446457
339331
107.326
358423
236,482
122,041
319,935
206,259
113,676
26417
18,669
7.848
12,071
11.554
516
8,285
3.646
4,639
18.600
12,957
5,643
93437
49,125
44,412
415,641
58429
24.142
34,775
73,767
67.296
18,072
11,494
13,697
15,647
88366
9,957
346,112
27427
26,699
34.942
69421
49,845
16.463
12363
9413
13.385
75,483
10,369
318,118
24,988
26,427
(D)
68,090
38,600
16,302
12,325
8,474
13.252
66,296
(D)
27.139
1398
272
855
641
1.431
11.106
162
35
1,032
133
9,134
(D)
(*)
139
0
3
8
0
53
12
17,274
408
853
1.802
5305
2,690
245
626
179
355
4366
445
22,647
879
1,342
2,002
7,157
2.928
876
832
664
954
4,459
554
93,477
4405
7.335
7,017
16,407
12431
5,195
3,148
3.444
3.183
27,971
2,743
98,603
52499
46,004
224408
104.733
119,775
218,989
100,979
118,010
4,193
3.165
1,027
1326
588
738
2,916
835
2,081
5,066
2381
2,185
13,787
6,924
6,863
1,620363
529,097
1,084,452
4,020
2.794
376,418
77380
296,916
2,122
0
12413
285,471
239364
(D)
0
78,433
31,439
46,852
143
0
24,719
5,771
18.996
99
-147
7,479
10300
(D)
0
45,966
14,210
31.612
142
3
135,638
14437
38,613
6,379
341
15,043
16,851
14,391
23,000
19,370
7488
1,197
16,942
111,447
10,807
35402
4,742
14,165
95386
(D)
30,891
5332
299
1,284
151
13378
1.427
3,141
162
42346
4,318
15,450
12.635
1,923
(DDj
( ]
3,052
13%
(*)
159
0
{
43
115
(&
\,W
-io;
(D
102
1,715
347
-144
51
2.179
2,06<
(D
4,915
414
1393
473
69
1445
442:
(D
1,941
1,863
6,060
4,046
1,214
7.647
670^90
1,861
10,078
7.181
2,897
8,402
119,448
359^01
171.900
S23JS29
1429
7,327
4,788
2439
20,997
110422
185,630
197,824
25354
173
648
547
101
194
3.657
16,739
4.444
51313
113
975
626
349
329
13.292
30,49
6313
139444
394
1485
933
652
3364
40.823
55,757
37,62
AIJ industries
Petroleum
Oil and gas extraction ....................
..........................
Crude petroleum (no refining) and natural gas
Oil and gas field services
Petroleum and coal products manufacturing
Integrated petroleum refining and extraction
Petroleum refining without extraction
,
Petroleum and coal products, n.e.c
Petroleum wholesale trade
Other
Manufacturing
Food and kindred products
Grain mill and bakery products
Beverages
Other
,
.........
Chemicals and allied products
Industrial chemicals and synthetics
Drugs
Soap, cleaners, and toilet goods
Agricultural chemicals
Chemical products, n.c.c
,
....
Other manufacturing ..,.......+...... .....................
Tobacco products
Textile products and apparel
Lumber, wood, furniture, and fixtures
Paper and allied products
Printing and publishing
Rubber products
Miscellaneous plastics products
Glass products
Stone, clay, and other nonmetallic mineral products
Instruments and related products
Other
Wholesale trade
Durable coeds VHtll,u,
Nondurable goods
..H.,,,,,.,.,,*...,.....*..".^*!^!^^^
.*+***•
Finance (except banking), insurance, and real estate
Finance, except banking
Real estate
Holding companies, except bank holding companies
Services
Hotels and other lodging places
Business services
Advertising
Equipment rental {ex. automotive and computers)
Computer processing and data preparation services
Business services, n.c.c
Automotive rental and leasing, without drivers
Motion pictures, including televsion tape and film
Health services
Engineering, architectural, and surveying services
Management and public relations services
Other
.....
„
Other industries
Agriculture, forestry, and fishing
Mining
Meiul mining
Nonmetallic minerals
Construction ...............................«.»*..
Transportation
Communications and public'utilities
* Less than $500,000.
Suppressed to avoid disclosure of data of individual companies.
I. See footnote 1 to table 1.
D
8
(°)
8,657
11,997
16,103
9,128
2,013
17,238
(°)
258,050
252396
P)
i°)
4,453
333 D 6
(D)
o
(
3
C
10.669
(°]
7,706
7302
15,964
8,268
2,013
(°)
(°)
224,037
293,074
6,719
(*)
6
6
0
;
158
523
6,031
(°)
798
(D"
2414
16,788
2,393
24,721
171,489
(D-
62
0
(P
(°]
1
25
4,208
107.972
160386
20,304
£)
<°)
(°)
1,210
8,060
(°)
5,661
C)
(°)
1>8
D
50
SURVEY OF CURRENT BUSINESS
October 1991
Table 18.—Selected Data for Nonbank Foreign Affiliates, by Industry of Affiliate, 1988 and 1989
Millions of dollars
Millions of dollars
Total
assets
All industries .
Net
income
U.S.
merchandise
cxpons
shipped
to
affiliates
U.S.
merchandise
imports
shipped
Employee
compensation
Number of
employees
(thousands)
Total
assets
Net
income
affiliates
U.S.
merchandise
exports
shipped
to
affiliates
U.S.
merchandise
imports
shipped
by
affiliates
Employee
compensation
U 06326 1,194,733
76,787
94,831
87,291
151,461
6,403.5
1313,995
1,266,285
85,173
102,067
93,694
162,419
8,961
4,814
4,787
27
1,658
296.1
107.3
69.3
38.0
128.4
74.3
51.1
3.0
40.6
19.8
192,911
81,952
74.405
7,547
68.701
(D)
32.589
(D)
27.716
14,542
224,015
40,211
36,451
3,760
93,239
(D)
56,421
(D)
74,240
16.326
9,426
4.441
4.542
-100
2,078
(D)
875
<D>
2.047
860
2,498
788
571
217
378
79
249
49
10,704
7,138
7.120
18
<D)
237
11347
3.106
2,181
925
6,078
(D)
1,739
(D)
1,499
665
Petroleum
Oil and gas extraction
Crude petroleum (no refining) and natural gas .
Oil and gas field services
Petroleum and coal products manufacturing
...
Integrated petroleum refining and extraction .....
Petroleum refining without extraction
Petroleum and coal products, n.e.c
,
Petroleum wholesale trade
,
Oiher
193,776
86.977
78.227
8.750
66.065
23.853
41,430
782
26,645
14,089
208,404
38,050
33,799
4,251
79,635
23,946
54.840
850
73.909
16,811
9,475
4,84;
4,804
38
2,515
1,343
1,110
62
1,353
765
2,005
947
681
267
219
28
136
54
812
27
8
2,490
0
10,601
2,727
1.727
1,000
5,876
3,697
2,123
56
1,436
562
Manufacturing
D
()
D
D
457,619
619,293
38,213
66317
68,975
98,482
4,144.1
491,082
641,243
41,255
70,128
72,418
101,492
Food and kindred products
.
Grain mill and bakery products
Beverages
Other
39,780
11,800
9,376
18,604
59.932
19,905
11,275
28,75!
3,510
970
1,260
1,280
2,224
981
151
1.091
791
126
232
433
7,209
2.521
1,074
3.613
416.4
117.1
73.0
226.3
47,517
11,723
16,075
19,720
69,033
19,696
19,780
29,556
4,713
1,732
1,705
1,276
2,192
1,074
213
904
946
182
8,865
2,412
2.491
3,961
Chemicals and allied products
Industrial chemicals and synthetics .
Drugs
Soap, cleaners, and toilet goods
Agricultural chemicals
Chemical products, n.e.c
94.541
46,759
22,087
10,977
2,698
12,020
109.993
52.428
25.269
17.026
2,693
12.577
9,902
5,082
2,725
813
189
1,093
7.537
3,916
2,132
389
217
883
3,903
2,552
635
46
280
390
14,745
5.474
4,707
2.539
296
1.729
593.7
195.9
191.3
122.3
17.6
66.4
101,906
50,676
21,386
12,776
2,919
14,150
115,275
53,564
24,340
20,439
2,691
14,241
9,772
5,041
2,318
984
121
1,307
8,307
4,583
1,926
(l>)
296
4,441
2,787
638
93
277
646
15,699
5,636
4,733
3,033
270
2,027
Primary and fabricated metals ,
Primary metal industries
Ferrous
Nonfcrrous
Fabricated metal products ....
24,178
9,205
2,150
7,056
14,972
27.822
9.451
2,152
7.299
18,371
2,171
974
161
813
1.196
1,636
652
66
586
983
2.153
1,347
217
1,130
806
4,863
1,209
383
826
3,653
228.1
60.3
19.1
41.2
167.8
23,397
8,422
963
7,458
14,975
26,156
9.404
1,536
7.868
16,752
2.080
775
41
734
1,305
1,990
885
84
801
1,105
1,909
826
1,083
4.698
1,126
232
894
3.572
Machinery, except electrical
Farm and garden machinery
Construction, mining, and materials handling
machinery
Computer and office equipment
Other
75,499
2,744
99.164
4.718
6,255
64
9,136
330
10,100
980
19,301
810
557.5
26.6
73,661
104,221
6,830
12.278
(D
12,488
17.852
9,467
48,946
14,343
12,169
64,096
18,181
321
5,062
1,414
5,739
1,653
1,673
5,967
1,431
2,131
12,440
3,920
87.1
264.2
179.6
9,725
45,268
Electric and electronic equipment
Household appliances
Household audio and video, and communications
equipment
Electronic components and accessories
...
Electrical machinery, n.c.c
43,854
5,756
55,441
7.486
3,026
300
8.096
561
9,391
584
12,484
1,451
665.9
107.9
52.101
5,792
60.700
6,703
3.521
390
8,168
608
14,103
16,763
7,232
16,874
22,126
8,954
819
1.402
505
889
5,762
883
1.189
6.826
792
4,837
4,209
1,987
169.7
277.2
11 I.I
21,505
17.062
7,742
21,033
23,568
9,396
1,395
1.237
499
824
5,608
1.128
7.152
800
4,826
4,160
2,238
Transportation equipment
Motor vehicles and equipment
Other
95,396
89,662
5,734
162,787
157,096
5,691
5,461
5.396
65
30,324
29,840
484
35.319
33.965
1,353
21,085
19,022
2,063
821.2
751.0
70.2
98,990
95,495
3,495
160,196
156,692
3.505
6,726
6,652
74
28,714
28,283
431
33,854
32,555
1,299
21,768
20,526
1,242
Other manufacturing
Tobacco products
Textile products and apparel
Lumber, wood, furniture, and fixtures
Paper and allied products
Printing and publishing
Rubber products
Miscellaneous plastics products
Gla.ss products
Stone, clay, and ether nonmetaJIic mineral products
Instruments and related products
Other
84,371
14.472
3.706
1,948
16,778
2,702
6,746
6,457
5,100
3,826
19,487
3,149
104,155
19.120
4,813
2.451
18.168
3.393
10,098
7.945
5.146
4,479
24,484
4.057
7,889
1,076
311
148
1.394
217
655
638
461
402
2,331
256
18,795
2,178
982
545
2,998
658
2,173
1,149
1,121
1.030
5,242
718
861.3
102.0
81.3
27.4
134.2
32.1
102.3
53.7
55.7
49.1
175.9
47.7
93,509
(D)
4.682
2,786
22,168
3,108
7,309
6,151
5,863
4.405
25.271
105,661
<D)
6.083
3.241
21,400
3,864
10,309
7,422
5,127
4,758
27,779
7,613
(D)
452
123
1.533
215
556
421
523
433
1.895
8,480
(D)
526
9,323
(D)
1,105
728
3,498
81
607
(D)
315
292
°
7.317
94
443
466
2,745
70
504
140
258
240
1,857
501
20,051
961
1.192
842
3,955
740
2,350
1,158
1,103
1.115
5,840
795
107302
73.598
33,704
203302
125.992
77.310
8,124
5.015
3,109
25,109
17,808
7,301
7328
5,044
2,284
16,562
13,064
3,498
501.6
381.8
119.8
111,988
75,891
36.096
221,461
142.174
79,288
Finance (except banking), insurance, and real estate .
Finance, except banking
Insurance
Real estate
Holding companies, except bank holding companies ...
348,714
190,569
86,015
6,416
65,715
50,686
21,377
27,813
1,314
181
15,750
2.465
2,491
-127
10,921
29
(D)
5,763
2,704
2,871
92
97
163.0
57.1
99.9
3.1
2.9
403,426
222,154
89,576
7,539
84,157
Services
Hotels and other lodging places
Business services
Advertising
Equipment rental (ex. automotive and computers) ...
Computer processing and data preparation services .
Business services, n.e.c
Automotive rental and leasing, without drivers
,
Motion pictures, including tdevsion tape and film
Hcalrh services
Engineering, archiieetural, and surveying services
Management and public relations services
Other
37,801
3,052
16,499
4,175
3,658
5,168
3,499
3.923
3.919
1,299
2,775
3.959
2,375
37,083
2,529
18,151
3,747
3,215
6,924
4,266
2,270
4,180
723
4,058
3,217
1,955
2,204
214
1,070
195
95
519
261
134
268
53
101
162
203
312
8
249
9,052
718
4,892
1,546
728
1,139
1,479
393
254
273
982
964
576
373.3
56.3
182.9
41.4
24.1
27.6
89.8
18.6
19.8
13.5
28.7
19.1
34.4
47,551
4,041
20.884
6,142
1,619
8.804
4.319
(D)
4.149
998
2.740
5,547
Other industries
Agriculture, forestry, and fishing
Mining
Metal mining
Nonmetallic minerals
Construction
Transportation
Communications and public utilities
Retail trade
61,114
1,887
16.468
12.434
4,035
4.031
7.012
13.407
18,303
15,965
2,100
7,707
6,279
1,429
6,364
5,227
19,326
35,241
3,020
118
804
770
34
169
435
647
847
1,109
320
190
157
34
125
7
71
395
11,000
437
1,333
1,061
111
1,510
882
1,241
5,596
925.4
96.6
90.2
75.3
14.9
60.0
44.9
47.9
585.8
67,036
1,541
17,010
13,095
3.914
3.259
8,060
16,570
20,597
Wholesale trade
Durable goods
Nondurable goods
...
* Less than S500.000.
D
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1 to lablc L
7.364
(D)
314
86
1,150
96
824
605
215
263
3,034
0
122
(D)
0
(>
(*)
0
(D)
o
0
0
1
1,927
516
1.228
1,021
207
<B)
(*)
D
D
D
D
D
13,432
64,117
D
D
526
5,170
D
n
8,587
D
()
8.063
2,118
(°)
1.362
104
747
617
422
(D)
3,662
350
8
D
()
D
1,501
8.225
D
2,239
10,223
D
)
12,559
1,334
()
D
5.290
3.297
27,424
19.749
7,675
8,414
6.440
1,974
19386
15,099
4,287
58,848
26,858
30,572
1,202
216
19,446
4,590
2,774
-222
12,304
6
3
0
0
3
(*)
6,204
2,793
3,066
81
265
41328
2.440
19.989
4,137
1,019
9.489
5.344
3,237
182
1,301
196
64
652
389
474
5
287
930
4,442
107
4,094
258
79389
1.825
8,915
7,426
1,489
6,033
3,223
78
691
861
-170
220
O
40.149
(D)
0
57
5
1
D
0
4,393
0
0
0
(*)
C)
(*)
14
4
164
1,536
246
230
1°)
(")
156
17
15
873
11,637
794
6,357
1.979
187
1.657
2,534
<D)
344
315
947
1,037
D
12354
388
1.520
1.275
245
1,383
1,201
1,449
6.411
SURVEY OF CURRENT BUSINESS
October 1991
51
Table 19.—Selected Data for Nonbank Foreign Affiliates, by Country, 1988 and 1989
Millions of dollars
Millions of dollars
Total
assets
All countries .
Canada
Europe
Austria
Belgium ...
Denmark .
Finland ....
France ....
Germany, Federal Republic of ..
Greece
Ireland
.".....
Italy
.........
Luxembourg
Netherlands
Norway
Portugal
Spain
Sweden
:.,„.,
Switzerland
."...,
Turkey
United Kingdom
,
Other
Latin America and Other Western Hemisphere .
South America .....
Argentina
Brazil
Chile
Colombia
Ecuador
Peru
Venezuela
Other
Central America
Costa Rica
Guatemala
Honduras
Mexico
Panama
Other
Other Western Hemisphere
Bahamas
;
Barbados
»
Bermuda
Dominican Republic
Jamaica
.....
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands. Caribbean ..
Other
!
Africa
Egypt.
Nigeria
South Africa .
Other
Middle East
Israel
Saudi Arabia
United Arab Emirates .,
Other
Asia and Pacific
Australia
Hong Kong
India Indonesia
Korea, Republic of .
Malaysia ..................
New Zealand
Philippines
Singapore
Taiwan
Thailand
Other .......................
International 2
Addenda:
Eastern Europe3
European Communities (12) 4
OPEC
1,206,326 1,194,733
175,625
168,024
577,271 627,430
7.879
7,776
25,286
32,043
3.930
4,460
2.529
1.322
76,810
50,507
87,291
43,005
94,881
38,327
28,307
265
1,734
233
162
2,732
5,152
72
2,917
2.366
190
5,972
155
2,451
127
87
3,280
4,145
49
1,220
1,831
98
4,472
()
616
119
1
1,785
2,451
14
1,075
1,197
72
668
755
219
2.318
279
4,491
20
13,037
92
95
151
1,028
410
1,244
129
7,290
44
()
51
309
177
261
D
54.239
5,189
33,706
1,717
4,365
841
1.115
5,790
1,515
9,636
3,430
160
2,285
232
210
27
-79
525
70
27.630
623
712
1,037
22.607
1.907
744
2,813
10
27
41
1.713
995
28
10316
3,144
330
1,401
106
292
111
71
725
107
6,404
97
81
127
5,799
271
29
1,465
3.570
445
15,688
2,443
2,519
3^15
7,210
21,434
1,656
906
10,980
604
1,076
4,055
949
686
522
16,702
1,663
2,280
6,106
6,653
22,431
2,864
14,054
3,085
2,428
15355
2^68
8,410
2,659
1.919
240389
46.048
1,244
12,225
1.995
7,678
130,814
8.255
4.894
5,027
3,386
8.862
5,095
2,805
2.261
257381
46.864
482
12,043
2,622
6.043
141.221
8.468
5,825
3,597
3,986
13,841
6,272
4,032
2,284
3,393
136
84
1.126
127
150
1,016
102
632
22
U32
99
173
269
791
1,359
318
824
47
170
12,162
2,467
-37
1,352
143
882
4.131
354
494
108
246
1,088
618
246
70
13,145
6,139
380
()
511,920
36,749
()
554.486
26,653
89,461
1,974
12,173
39,466
2,460
52,413
12,009
1,683
20,183
5,269
37,076
992
212.383
803
161,576
49,463
5.126
27,739
2,246
4.283
722
1,794
6,713
840
28,713
651
461
561
18,831
7,728
480
83.400
3,881
929
36,105
639
1,386
34,980
* Less than $500,000.
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1 to table 1.
2. See footnote 1 to table 2.
3. See footnote 3 to table 4.
4. See footnote 2 to table 2.
5. See footnote 5 to table 4.
a
Net
income
U.S.
U.S.
Number of
mermeremployees
chandise chandise
(thouEmployee
exports imports
sands)
shipped shipped compensation
by
affiliates
131,556
2,169
10,552
47.689
1,322
54,832
8,571
3,139
25,187
8,528
43,134
1,831
164,728
576
103303
76,787
8,914
()
36.942
2,470
968
(D)
16
36
70
117
21
1°)
46
21
682
153
52
219
257
36,974
26,143
1.270
6,4034
965.5
1313,995 1,266,285
183,295
192,036
657,691 658,946
7457
7,359
31,489
29,819
4,375
4,070
2,999
1497
82,107
59,727
134,009
101,859
1.986
941
11,472
12,984
51419
37,900
1443
2,647
56,367
67.730
9,122
11.015
3416
2,276
28,172
22,747
8,885
5,241
37,659
40,746
2,378
1,429
183,079
246,670
712
934
21.039
187
925
8,151
314
4,615
875
282
3,901
1,293
2,525
106
21,404
38
2,632.6
33.4
124.4
19.5
5.9
365.7
541.7
11.5
39.4
235.4
7.6
132.0
20.6
22.1
155.2
37.5
48.0
13.5
817.0
2.5
11,295
2,963
105
2,088
165
305
173
(D)
31
D
10,848
7,304
723
4,850
153
464
67
180
753
114
1,251.2
661.7
67.4
424.6
14.5
45.8
11.3
16.3
71.6
10.1
163355
51,084
4,705
32,001
3,179
4,067
625
1.894
3,945
667
113,180
57.147
4,828
38.667
2,164
4,221
810
1,175
3.822
1,459
6,406
128
72
74
5,887
244
(*)
1,926
80
35
(D)
34
261
3.102
83
81
134
2,594
169
41
549.0
20.5
17.1
23.7
460.1
23.2
4.4
31.343
737
431
617
21.041
8,202
316
442
99
20
87
39
40
32
67
26
31
40.5
6.8
2.3
3.2
11.6
5.2
2.2
3.8
1.5
3.9
150.6
9.7
12.4
61.6
66.9
91.8
15.1
68.3
3.1
5.;
1,283.9
369.0
9.0
49.
52.0
39.0
363.1
65.8
64.3
18.8
95.9
55.
55.3
33.6
13.3
81,128
3,858
1,006
39,064
(D)
1,606
28,557
1,332
4,291
33,963
832
743
1,168
28,739
1,990
491
22,071
1465
14,105
0
<3<°>
1355
836
20
993
447
81
138
71
26
16,616
2,490
83
2,258
40
164
6,193
828
1,207
200
382
1,813
511
402
43
151,461
24,105
85303
Net
income
Total
assets
()
1,489
8
2,011
17
484
9.939
1,105
1,631
66
532
3,261
1,582
<°)
(*)
13.481
1.697
1,020
4,364
719
239
13.305
1,209
80
97
605
426
3,258
387
2,665
84
122
26,067
1
674
223
385
14,699
762
421
387
391
679
62!
198
140
671
1
79,207
4,116
(°)
749
12,647
(D)
1,294
(D)
848
774
85,173 102,067
7,498 38,182
46,206 30,099
385
168
1,896
2,263
186
136
133
86
3.017
3,658
5,194
5,826
48
36
1,286
3.102
1,810
1,963
103
297
3,660
6,830
93,694
40,136
15,775
61
871
161
(D)
1,791
163
95
1.774
676
30
769
862
207
2,538
395
5.701
72
12,693
68
15,270
4,960
-305
4,722
263
38
33
-60
146
123
• 3.874
45
7
32
2,166
1,652
-27
12,452
3.138
315
1494
172
313
114
69
548
14
8.339
(D)
55
152
7,587
234
D
37
5,596
59
11,886
3.142
194
()
96
59
28
C)
7,612
59
26
125
7,274
128
(*)
1.132
631
133
43
215
240
2324
495
177
180
7
6'
733
19D
(
280
(r
22333
(D
27
99
°
879
21,910
3402
13.907
2.42'
2,078
14,743
2,471
8,605
1497
2,070
252,241
48484
1,741
12.629
274,908
54,81
80S
16.634
1.990
6,265
138476
10,154
5,879
1,250
186
879
71
114
13364
3,092
<°>
464
1,248
49
7,809
55
975
439
1
137
40
15,225
2.037
2,336
4,329
6423
usr
2.131
21
591
716
107
934
6,436
1,031
109
3,075
(D)
344
(D)
27
558
14,689
2,775
2418
2,275
7,122
7,758
133,062
9.884
5.089
U.S.
U.S.
Number of
mermeremployees
chandise chandise
(thouEmployee
exports imports
sands)
shipped shipped compensation
by
to
affiliates affiliates
310
223
22
323
1.460
68
1.267
4,104
259
385
3,775
16,445
8.050
6,159
1.153
779
512
28.
3,173
11,245
6,639
3,94'
(D
11372
5,988
506
2,471.2
208.3
74
589,37
33450
54
589,634
24,23^
38,590
2490
276
20,105
3,240
122
2,19
4'
155
8,206
996
88
254
317
2,354
816
461
69
1.349
20
950
3.43!
1)
634
6,878
1.030
1,31
82
201
5.OW
1,83
797
D
1.050
4.635
783
330
14,351
21,079
201
981
6,929
286
4,473
1,105
352
4,292
1,390
2409
194
22,732
54
12,966
8,477
648
6,220
202
467
71
201
551
117
3.925
128
84
141
3375
176
21
563
165
20
108
71
76
14
51
27
32
50
468
411
3,634
502
2,932
79
122
28,607
7,355
70
958
172
383
15,439
964
371
437
396
84.
82
269
11
656
10
27,866
1.11.
162,419
27^13
87,727
13,71
2.509
81,094
4,177
SURVEY OF CURRENT BUSINESS
52
October 1991
Table 20.1.—Employment by Nonbank Foreign Affiliates, Country by Industry of Affiliate, 1988
[Thousands of employees]
Manufacturing
All
industries
All countries
Canada ... .
........
....
Europe
Austria .
Belgium
Denmark
Finland
France .. .
..........
.. .........
......
....
.......
Germany, Federal Republic of
Greece
Ireland
.
.
Italy
.
.
Luxembourg . .........
Netherlands
.
......
Norway
Portugal
....
.....
Sweden
Turkey
..
United Kingdom .....
Other
......
.......
Latin America and Other Western Hemisphere
Argentina
Brazil
Chile
Colombia
.......
Peru
Venezuela
Other
........
Costa Rica
Guatemala
Mexico
Panama
Other
.
. ...
...
.....
.....
.
.
.
.......
Trinidad and Tobago
.
United Kingdom Islands, Caribbean
Other
South Africa
Other
Asia and Pacific
China
Hone Kong
India
Indonesia
...
.......
Korea, Republic of
New Zealand
Philippines ..
Singapore
.
Thailand
Other
.......
International'
........
....
......
Addenda:
European Communities (12)' .......
OPEC4
....
Machinery,
except
electrical
Transportation
equipment
Other
manufacturing
Other
industries
4,144.1
416.4
593.7
228.1
557.5
665.9
821.2
8613
501.6
163.0
3733
925.4
46.8
483.0
37.4
62.7
42.0
423
45.8
136.9
115.9
54.9
32.7
732
274.9
2,632.6
71.8
1.842.7
151.0
237.9
94.0
3662
250.1
340.8
402.8
2845
87.4
1865
159.8
33.4
124.4
19.5
5.9
365.7
1.0
3.4
.4
.5
6.5
14 4
91.3
10.0
1.2
251.2
1,1
7.0
2.5
16.1
I.I
19.9
.8
.2
32.6
.2
3.4
.8
0
11.7
.6
14.6
.5
.3
62.8
5.1
14.1
3.7
.2
52.3
0
18.6
1.4
.4
57.2
6.3
15.4
6.5
4.2
61.2
9.1
1.6
.4
(*)
4.8
1.9
9.8
2.0
.1
25.4
.6
2.9
.2
(*)
16.7
541.7
11.5
39.4
235.4
7.6
132.0
417.4
4.9
34 7
194 0
7.1
87.1
16.9
1 1
3.5
11 9
0
11.1
37.8
1.7
4.0
29.3
0
14.6
25.6
69.7
0
5.9
86.4
.8
8.9
54.2
.4
7.2
25.7
.5
8.7
144.8
0
2.5
133
0
683
1.7
10.3
24.3
4.9
39.7
2.0
2.0
20.5
7.1
(*)
.4
1.8
.3
5.0
24.5
2.1
1.3
10.9
0
11.6
43.5
1.5
.2
2.9
0
5.0
20.6
22.1
155.2
37.5
48.0
13.5
817.0
2.5
9.4
1.0
J
5.3
.1
7.6
5.6
4
.9
1.2
.7
16
25.2
3
1.5
2.5
5.7
1.8
11.6
13
72.2
.2
5.3
.4
1.2
.9
77.9
.1
1,251.2
63.9
1353
661.7
67.4
424.6
14.5
45 8
11.3
16.3
716
10.1
34.8
13
18.3
.6
7.4
.4
.4
6.0
3
37.8
3.2
12.0
(D)
23
5490
205
17.1
23.7
460.1
23.2
4.4
90.2
12.5
1,294.9
369.0
90
49.2
52.0
39 0
363.1
65.8
64.3
18.8
95.9
55.7
55.3
33.6
13.3
2.4
3
.2
.1
.2
.2
2
.7
(*)
.4
2.9
3.7
9.1
50.8
9
(D)
10.5
3
.6
19.7
11.5
2.8
3.4
.1
1.7
17.6
.3
2,471.2
208.3
0
60.9
77.7
20.3
l\A
1.2
.4
95.3
.5
3.8
13
41.5
0
0
3.0
89.1
.9
(DD)
()
159.7
.2
4.8
53
12.6
9.2
19.7
.8
583
3
61.0
65.8
160.4
193.8
192.8
42.7
40.1
1.5
26.0
21
21
3
.4
75
.3
46.5
59.8
2.1
49.8
.5
1.1
.3
.2
5.3
.4
109.7
103
89.4
0
2.1
1.0
0
6,7
.2
114.0
28.6
5.2
7.0
4.2
2.2
1.2
100.1
1.4
.2
0
98.6
0
0
84.1
0
0
0
84.1
0
0
70.6
2.6
1.1
1.7
63.2
1.0
.1
12.5
.2
.4
3
9.9
13
3
1.7
17.2
.3
.1
.7
.3
.2
.1
.1
15.8
0
0
0
0
0
0
0
0
0
0
8.2
.1
.7
0
33
1.9
0
.2
0
2.1
1.6
.2
.4
.2
.2
(*)
.2
.2
.1
3.3
.2
0
1.6
.2
.2
.5
.4
.2
(*)
11.9
5.1
.6
1.1
.4
.7
.9
1.0
1.0
1.1
10.6
.7
13
4.1
4.5
U
.1
0
.6
.6
7.0
1.9
.5
1.9
2.8
2.8
3
.3
.7
.1
0
.2
9.8
2.8
6.4
.4
.2
106.8
26.7
.6
11.9
.1
30.8
6.8
0
3.7
0
3
11.1
.8
1.5
.8
23
.9
124.7
171.2
65 5
12 2
35.3
5
40
9
1.2
91
2.3
98.5
15.1
58.8
2.0
90
16
2.6
8.9
.4
4215
7.5
6.0
6.0
397 4
22
2.3
56 2
18
2.5
41
46 4
5
.8
70 5
13
2.2
.2
65.8
.7
.3
20 8
3
.1
0
20 1
(*)
3
14.0
3
1.0
0
6.1
2.7
3
1.3
3.0
.2
23
.1
2.1
2
0
0
.4
.3
.1
1.0
0
0
80.6
40
62
42.0
28.4
14.7
3
8
3.3
10 3
11.2
1.1
1.9
6.6
1.8
16.8
86
5.9
.1
4.9
1 l
3.5
(*)
.3
oo
o2.2
.5
1
.1
0
2.2
7593
113.0
80
27.3
49.7
7.3
232.4
59.2
54.4
7.6
73.0
40.9
460
24 6
7.8
.3
1.771.7
76.8
o0
o.1
89 0
19.0
5
1.6
(D)
9
8.9
4.0
.9
.9
34.3
.5
1.8
<°>1.2
o
141.0
11.7
107.0
21.6
1.2
1.1
18.3
2.6
33.3
3.6
1.4
1.4
7.9
.6
4.9
1.9
6.0
0
2312
18.5
15.6
35.5
9695
18.3
67
.4
5.9
20.6
534 1
53.5
379.2
6.3
27 1
63
5.2
51.0
5.5
59
8
3.2
.9
9.0
.4
(*)
29.5
0
20.8
3.5
6.0
.5
37
10
2.2
3.5
.4
23
o1.3
(D)
50.3
0
29.2
.4
o
.7
2.9
22.1
1.3
1.7
1.6
65.6
(*)
8.2
13 8
129.2
24.6
12 2
90
530.9
1.6
28.1
• Less than 50 employees.
° Suppressed to avoid disclosure of data of individual companies.
t. See footnote I to table 2.
2. See footnote 3 to table 4.
3. See footnote 2 to table 2.
4. See footnote 5 to table 4.
Primary
and fabricated
metals
296.1
91.8
15 I
68.3
3.1
5.2
Middle East
Israel
Saudi Arabia
United Arab Emirates ...
Other
ChemiFood and cals and
kindred
allied
products products
Finance
(except
banking),
Services
insurance, and
real
estate
965.5
150.6
9.7
12.4
61.6
669
Africa
E<*ypi
Total
Wholesale
trade
6,403.5
40.5
68
2.3
3.2
11.6
5.2
2.2
3.8
1.5
3.9
Other Western Hemisphere
Bahamas
Barbados
Rermuda
Dominican Republic
Jamaica
Petroleum
Electric
and electronic
equipment
.1
5.6
o0
o.1
0
(*)
0
0
0
8.2
,1
2
5.5
24
2.7
4
.6
.2
41.7
0
(*)
o
0
1.2
19.3
"I
0
19.2
0
0
0
o0
0
0
0
0
0
0
0
52
.9
o4.1
.1
.2
20.2
5.7
77.7
8.0
.4
2.5
9.0
1.1
39.2
< \
.5
.3
9.4
4.3
.9
1.8
4
5.9
.5
.6
.2
1.3
.7
1.7
.5
0
o
91.1
9.0
.4
0
0
0
0
0
.1
0
6.9
3.1
3
.3
.7
.4
o1.6
o
0
.4
°
3
351.6
2.4
53
4.5
.8
0
0
198.1
11.9
8.6
4.6
28.1
23.4
42.1
.7
12.6
27.2
24.9
11.5
.6
0
234.6
10.1
0
78.2
1.1
8.9
2.2
.8
12.3
(D\
/D\
0
73
.7
D
( )
0
0
0
.2
14.9
(°)
(°).9
0
0
D
( )
0
2.3
0
79.1
0
.4
1.2
4.6
0
0
0
332.4
7.7
12.7
(D)
37.9
(
ls
16.2
1.4
3.8
0
0
389.7
17.5
6.8
41.2
2.5
3.0
4.8
3.5
4.0
3.5
3.4
3
2.6
0
52.3
(*)
10.6
5.7
.7
2.1
/D\
.1
(*)
0
.4
(D)
(4
0
239.1
11.5
.4
3.9
33.9
7
32.9
14.5
0
2.0
2
14
9.3
.8
.2
3
.6
23
.5
.5
.4
73
.8
1
.2
.2
(*)
(*)
.2
.7
21.7
113
(DD)
( )
.4
197.5
.1
3.7
(D)
57.5
2.4
(°)4 2
(°D)'
()
10.4
o
75.2
.9
0
168.0
15.5
0
156.3
26.0
SURVEY OF CURRENT BUSINESS
October 1991
53
Table 20.2.—Employment by Nonbank Foreign Affiliates, Country by Industry of Affiliate, 1989
1
[Thousands of employees]
Manufacturing
All
industries
All countries...
Canada
6,621.4
290.8
945.4
46.5
2,7083
Austria ........
Belgium
Denmark
Finland
France
29.7
130.3
20.7
7.5
408.9
Germany, Federal Republic of .
Greece
Ireland
Italy
Luxembourg .»..*
..*..,. ^4 Netherlands
551.5
13.5
42.3
186.7
8.0
138.8
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
...
United Kingdom ..
Other
27.4
24.0
150.8
36.7
47.6
16.3
864.2
3.5
Latin America and Other Western Hemisphere .
South America
Argentina
Brazil
Chile
Colombia
Ecuador
Peru
Venezuela
Other
Africa
Egypt
Nigeria
South Africa .
Other
Middle East
Israel
Saudi Arabia
United Arab Emirates .
Other
Asia and Pacific
Australia
.....
China
Hong Kong Z.\
India
......
Indonesia
Japan
Korea, Republic of .
New Zealand
Philippines
Singapore
Taiwan
Thailand
Other
,
International 2
Addenda:
Eastern Europe3
European Communities (12)* .
OPEC f
...»
2.1
A
< D >' 5
8.4
.5
.6
5.3
Primary
and fabricated
metals
Machinery,
except
electrical
221.8
552.7
649.9
534.8
160.4
37.4
39.1
38.4
613
32.7
1,784.9
190.5
254.8
91.1
303.2
254.3
12.6
94.6
9.8
1.5
251.2
1.0
9.7
2.1
.3
3.1
.7
(*)
D
.7
14.4
(*)
.4
8
()
12.5
.3
0
16.8
428.1
6.2
38.9
140.7
7.1
76.5
16.2
2.7
2.2
11.2
0
.7
21.9
1.0
.3
34.1
45.8
1.8
4.9
30.4
.5
17.8
27.3
0
1.6
3.3
.6
73.8
0
7.1
30.3
.2
11.0
()
()
0
3.2
18.7
.1
2.1
479.0
D
()
87^3
0
3.5
19.9
10.0
D
.2
28.7
0
7.3
2.9
.4
91.2
.5
.1
1,028.2
130.0
1S9.1
64.1
166.9
21.0
3.5
6.0
.9
4.0
.6
(D)
3.4
D
541.1
49.1
402.5
8.7
23.2
6.4
3.8
43.3
4.2
61.4
11.6
91.8
11.6
58.7
2.8
41.9
1.1
27.9
2.6
2.3
.7
52.4
1.7
3.9
471.1
9.8
5.8
6.9
65.4
2.2
2.6
5.3
53.8
.9
.6
64.9
1.4
.9
.2
61.4
.7
.3
15.9
.3
.4
.1
8.2
4.5
.2
1.3
.5
.3
3.2
0
0
2.4
.2
0
0
63.1
4.7
1.9
29.6
26.9
10.8
.5
.5
2.0
7.9
46.1
8.7
1.4
3.1
18.7
8.3
.6
2.6
1.4
1.3
*i
120.4
16.8
12.7
6.9
38.2
62.6
2.6
4.2
102.0
24.5
70.7
2.4
4.3
1,416.2
391.9
10.6
78.4
37.8
38.0
388.0
70.0
60.3
22.3
100.4
81.5
63.4
59.9
13.7
28.0
2,539.7
194.5
60,1
( D )" 5
1.2
D
55.7
8.6
.3
.6
.4
17.0
13.1
(°)
2.9
8
3.7
.1
2.2
1.6
0
58.8
444.0
2.6
2.0
D
6.3
1.8
1.3
9.0
.2
9.7
1.2
1.0
5.7
1.9
5.5
1.2
4.0
(*)
19.1
13.2
5.5
C)
.4
820.5
117.9
9.5
50.2
36.0
9.0
235.3
59.6
51.3
10.9
82.4
58.3
50.2
42.4
7.6
1073
.3
1,717.7
66.1
0
180.0
16.1
D
2.8
1013
20.3
1.5
1.2
14.4
3.5
30.9
3.9
1.7
1.4
7.1
1.1
5.5
3.6
5.1
0
248.0
19.4
3S8.4
0
1.3
.7
3.1
21.0
1.1
1.5
2.5
65.6
(*)
()
1.1
22.5
.1
27.4
l!9
1.0
.5
2.5
.2
.2
.6
.1
.2
(*)
.6
Other
manufacturing
Finance
(except
banking),
insurance, and
real
estate
49.9
15.2
120.1
20.4
11.9
10.9
529.4
1.4
C
Transportation
equipment
Wholesale
trade
39.9
4,188.8
650.8
62.5
436.9
19.3
40.2
9.3
14.1
61.1
7.3
* Less than 50 employees.
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1 to table 1.
2. See footnote 1 to table 2.
3. See footnote 3 to table 4.
4. See footnote 2 to table 2.
5. See footnote 5 to table 4.
0
71J
()
Chemicals and
allied
products
1^01.2
604.3
23.9
19.2
21.7
515.8
20.6
3.1
Other Western Hemisphere
Bahamas
Barbados
Bermuda
..................
Dominican Republic
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands, Caribbean .
O:her
Food and
kindred
products
Electric
and electronic
equipment
()
(*)'
17.9
8D
()
0
0
0
0
<D>
0
0
0
0
()
8
127.4
10.2
D
1.6
0
0
21.4
4.9
.9
2.6
.6
4.8
114.3
1.0
0
0
113.2
0
(*)
<°)
114.4
(*)
208.6
112.7
(D)
81.9
96.1
0
0
0
96.1
0
0
1.3
79.2
.9
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
78.2
6.9
15.4
7.4
4.4
60.2
(D)
1.7
8
8
0
0
0
127.1
0
0
0
143.0
24.8
12.4
1.2
3.9
10.1
.3
47.3
2.2
1.0
.3
.3
27.9
6.3
178.2
8.2
.2
()
22.0
18.9
34.5
23.4
25.8
5.2
290.8
J
0
85.0
<D>
0
(D)
0
5.5
2.4
7.0
1.3
()
101.2
.6
D
38.2
22.9
3.3
6.6
3.1
2.8
.7
.8
5.3
.3
12.7
.5
.7
.3
9.6
1.6
.1
2.5
.1
.2
()
1.9
13.8
.8
3.5
0
.5
8
8
16.5
.1
.1
.1
15.7
.3
.1
8
1.8
.1
()
6.9
(•)
1.1
.2
.1
(*)
.6
A
.1
A
.6
2.8
8
.1
142.0
(D)
8
5;
1.4
40.8
D
()
17.1
3.5
(D)J
0
0
0
324.
5.6
1.8
12.2
2.4
.6
69.7
25.4
2.7
.4
8.0
.6
24.9
37.8
3.8
2.1
24.1
(*)
20.4
5.3
5.2
14.8
D
( )
18.8
1.2
74.3
11.5
.8
0
87.5
8.5
()
18.0
3.3
3.7
0"
5.4
.2
6.2
.4
.2
2.7
2.9
8
D
°
()
0
0
0
22.4
0
0
0
22.4
0
0
93.3
.9
64.1
1.2
12.8
24.3
5.5
314.9
483.0
112.8
29.5
.6
12.8
42.8
3.8
2.4
3.6
3.2
4.6
P
(*)
(D)
12.0
265.
C)
8
9.9
8
36.0
53.0
20.7
3.3
3.3
(°)0
Pi
11.4
15.9
2.5
2.6
2.2
257.0
8.7
October 1991
SURVEY OP CURRENT BUSINESS
54
Table 21.—Selected Data for Majority-Owned Nonbank Foreign Affiliates, by Country, 1988 and1989
All countries
Canada
....... ...... ...
Belgium
Denmark
Finland
...........
....
Germany, Federal Republic of
Ireland
Italy
Netherlands
Norway
.
..
.
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other
Latin Amerka and Other Western Hemisphere
...
Brazil
Chile
Ecuador
Peru
.. .
.........
.......
Other
Central America
Costa Rica
..
Honduras .... ..
Mexico ....
...... .
..........
«... ..... ......
Other
Other Western Hemisphere
Bahamas
Barbados ...
.......
......
Bermuda
....
.
Dominican Republic
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands, Caribbean
Other
„
Africa .
Egypt
|^.
. .
..
..
•
.......
.... ..
South Africa
Other
Middle East
Israel
Saudi Arabia
United Arab Emirates
Other
Asia and Pacific
Australia
China
India
Indoncii
Japan
....
Korea Republic of
New Zealand
Philippines
Singapore ...
Taiwan
Thailand
Other
...........
............
.........
... ..
....
International2
Addenda:
Eastern Europe 3 ,.
., ,
European Communities (12)*
OPEC'
.
.•
1989 >
Millions of dollars
Net
income
Total
assets
Sales
950394
160,670
927386
156,201
8,092
487,028 525,074 38,906
247
3.243
5,232
1,584
27,484
22,238
198
4,092
3.644
163
1.296
2.483
2,423
40.432 65.708
69.365 99,630 4,586
34
1,789
809
2,919
10,365
12,089
1,993
38,246
27,209
171
1 299
1 912
4,814
40.644
41,975
551
6 820
9,792
211
3,051
1365
1,974
15.700 21.200
239
7.291
4,072
4,410
35 721 41661
-17
1,251
540
196.074 145.062 12,320
87
437
682
8332
138,624 83,194
3,167
38.955 44,711
4,413
4.341
211
2,163
20,919 27,229
213
1 925
1 599
201
4,131
4.063
IS
596
552
-78
1,030
1.703
4,713
373
4,257
67
739
1456
1,920
18,621
19.635
8
583
555
20
655
412
41
1,029
554
849
13,987
10,038
977
7612
1709
25
636
436
3,244
80.034
19.861
140
1 636
3818
83
809
866
10,419
1,088
35,403
96
462
475
834
1,253
123
980
3.903
33.763
83
751
839
630
665
3.387
20
325
288
12,619
1,114
12,685
99
1.591
2.385
152
2 177
1 948
245
4.382
2377
612
4,763
3,680
545
10,788
7313
77
1,069
848
5,222
252
3,562
59
1,797
2328
157
1 606
1.968
8,951
130354 138,224
1,937
31,307
34,070
-61
489
183
U80
11335
11,078
27
352
300
874
5,649
7,355
2,320
53,409
50,359
85
1,551
1640
461
5.190
4,355
56
3,013
2,499
190
3,151
2,550
1,070
13,022
8,285
487
4 835
3 656
232
2,504
3,669
53
1.087
813
399
11,001
4379
o
o
431,681 459,900
24.402
18,278
* Less than $500,000.
Suppressed to avoid disclosure of data of inidvidual companies.
1. See footnote 1 to table 1.
2. Sec footnote 1 to table 2.
3. Sec footnote 3 to table 4.
4. Sec footnote 2 to table 2.
5. See footnote 5 to table 4.
MOFA Majority-owned foreign affiliate
D
1988
Millions of dollars
0
33.225
1.703
U.S.
U.S.
Number of
merchan- merchanemployees
dise
dise
(thouEmployee
exports imports compensation
sands)
shipped
shipped
by
to
MOFA's MOFA's
90,780
38,087
27,407
153
2,406
118
86
3,055
4.045
49
1,218
1,637
98
4,462
87
151
998
337
1,231
91
7.184
2
75378
117,418
36,161
21,983
12,985
68,995
678
3.779
637
226
10,311
18,136
161
876
5,405
312
3344
632
258
2.933
956
2140
73
17,910
27
8,430
5,925
564
3.905
132
435
55
173
555
107
2.155
78
71
133
1,673
162
37
350
90
16
610
1.537
2,384
1.053
622
72
654
73
51
291
140
258
4
5,052
9,408
10,043
2,916
308
1.332
104
287
109
69
602
106
5,548
72
79
127
4.975
266
29
2353
97
1,720
165
287
171
944
15
35
70
115
20
21
3
210
48
189
63
60
55
12
14,980
2,427
38
2,246
19
160
5.036
564
U01
199
356
1.812
480
398
43
918.9
9
so
26
28
21
47
23
17
521.1
52.5
340.2
12 3
38.7
8.1
15.4
44.9
9.1
365.9
19.0
15.8
23.5
282.4
22.1
3.1
31.9
6.5
1.9
3.0
8.1
3.7
1.4
2.4
1.4
3.6
7
835
13
76
63
414
&0
37.1
331
2,732
233
2354
72
73
14,026
4,170
41
572
43
342
6,212
256
385
335
278
630
479
152
90
446
15
5,730
127
72
74
5,218
239
<*)
1.760
80
35
34
168
8C)
(*)
109
(D)
1.332
8
2,006
484
2,178
689
1,624
63
521
3,261
1.553
465
(*)
72
0
25,419
1.038
4,760.5
8763
2,103.3
19.0
107.7
17.0
5.6
283.6
464.2
9.3
36.7
152.0
7.5
101.8
13.4
20.0
114.4
24.7
38.1
7.5
679.9
.9
0
12,452
1,614
0
64,263
3,485
Total
assets
Sales
Net
income
1,067,793 1,015,263 72,406
172,134 7,090
178,148
S70S3S 41383
576392
339
5314
3.667
1.660
29,113
26.865
176
4,109
3.835
130
2.961
1368
2,410
70.852
47,479
105,972 4,878
83,449
36
1,935
902
11,355 3,104
12,949
1,703
45302
32301
249
1,448
2370
5,944
44,391
55,753
705
7,604
9384
185
3.264
1.895
2,042
23.599
18.189
341
7,635
4.411
5.597
36,402
39.472
26
1.696
738
166.979 11,795
230,480
64
504
782
137,193
39,034
3.870
23.631
2,452
3,862
491
1,839
2,241
649
21,014
682
397
607
10,979
8,034
316
77.144
3,845
993
37,026
644
1,445
27.922
789
4,115
363
12,016
2384
2.270
1.610
5352
.U.S.
U.S.
dumber of
merchan- merchanemployees
dise
dise
(thouEmployee
exports imports
sands)
shipped shipped compensation
to
MOFA's MOFA's
97,077
37343
29310
162
2,226
127
86
3,550
5,107
48
1,284
1,785
103
3,652
145
94
1,699
458
1,244
43
7,687
11
87323
46.145
3,948
30,377
2,013
3,912
578
1,122
2,762
1,433
21,439
759
679
1,159
16.476
1,876
491
11,769
11,095
3,021
-263
2,915
230
12
21
-57
42
121
2,861
37
-1
32
1,194
1,628
-27
2,805
275
1.412
170
298
95
69
472
14
7,350
88
55
152
6.640
233
182
5.887
1.007
104
2,636
133
330
1.065
41
539
28
916
287
306
158
164
940
439
406
169
102
68
66
71.9
8.9
57.1
2.5
3.4
11301
1,927
4,957
2,375
2.042
19.939
1329
720
11.484
578
1,138
2,719
652
716
404
11,630
1.881
2057
2,692
4,799
7306
1.013
3,408
1341
1,844
6333
169.7
2.9
41.5
10.6
33.8
119.2
25.4
59.4
15.6
67.8
50.3
44.1
20.0
9.4
142,085
35,968
654
11,833
272
7,382
54,474
2,213
4.566
2.689
2,401
10377
4.955
3,295
807
160,408
37,255
252
15303
323
6,109
58,083
2,451
5395
3,212
2,921
15,524
6.664
5,473
1,043
340
71
121
65
83
10,416
2,408
-47
1,366
9
1,289
2,340
94
378
59
215
1,125
659
482
38
223
10,158
4,927
492
0
1,994.2
154.2
59
516,669
21362
508319
17,051
34,181
1.775
137
40
142
26
91
39
84348
38,923
15,196
61
869
151
12
1364
2,045
20
569
646
105
920
17350
3.184
39
2.186
23
151
6,256
712
870
254
308
2,335
704
458
69
0
27,361
935
5,111.4
889.2
2308.0
7,037
499
5,148
183
436
59
195
404
114
2.718
124
74
140
2,190
169
21
469
160
15
99
52
51
9
40
23
20
698
74
48
293
283
18.1
112.8
18.3
7.2
338.1
491.0
13.1
40.2
160.9
7.7
123.4
18.5
21.3
119.0
25.9
40.1
9.4
741.6
1.4
964.9
513.0
47.6
341.3
17.2
37.0
7.0
13.4
42.6
6.8
413.9
22.4
17.9
21.6
328.8
20.0
3.1
38.1
8.4
1.3
2.7
14.3
6.5
.4
2.1
1.3
1.1
83.2
103
6.0
24.8
42.0
2316
272
2,384
72
88
693
12.0
52.2
1.8
3.8
17304
1,339
1
3,418
(D)
634
2,230
613
1,316
81
184
5,041
1,822
788
16,089
5,005
33
814
40
368
6,673
381
354
397
278
800
690
183
73
(*)
479
7722
193.7
3.7
59.2
10.2
35.2
131.2
27.4
57.6
20.9
63.1
69.8
52.2
36.7
11.1
24.0
1
13,181
2,425
5
69,747
3.391
.3
2,187.5
146.3
30
761
599
37
5301
25
10,400
2,602
134
1,796
127
367
95
59
23
(*)
6,794
54
26
125
6,461
128
(*)
1,005
8
3
156
52
192
(
?
(*)
2314
129
42
183
131,470
26,105
75,060
746
4.005
698
316
11,664
18,666
197
954
6.032
277
3,901
778
323
3,335
1,084
2,236
117
19,696
36
1349
15
944
511
80
280
10,223
55
SURVEY OF CURRENT BUSINESS
October 1991
Table 22.—Selected Data for Majority-Owned Nonbank Foreign Affiliates, by Industry of Affiliate, 1988 and 1989
1989'
Millions of dollars
Millions of dollars
U.S.
Number of
merchanemployees
dise
(thouEmployee
imports compensation
sands)
shipped
U.S.
Total
assets
All industries ,
Petroleum
Oil and gas extraction
Crude petroleum (no refining) and natural gas ...
Oil and gas field services
............
Petroleum and coal products manufacturing
Integrated petroleum refining and extraction
Petroleum refining without extraction
Petroleum and coal products, n.e.c
Petroleum wholesale trade
Other
Manufacturing
Food and kindred products
Grain mill and bakery products
„..
Beverages
Other
Chemicals and allied products
Industrial chemicals and synthetics ..
Drugs
„
„
Soap, cleaners, and toilet goods
A gncultunil chciftiCils
Chemical products. n.e.c
Primary and fabricated metals
Primary metal industries
Ferrous
Nonferrous
Fabricated metal products
Machinery, except electrical
Farm and garden machinery
Construction, mining, and materials handling machinery
Computer and office equipment..
Other
Electric and electronic equipment
Household appliances
Household audio and video, and communications
equipment
Electronic components and accessories
Electrical machinery, n.e.c
Transportation equipment
Motor vehicles and equipment
Other
Other manufacturing
Tobacco products
Textile products and apparel
Lumber, wood, furniture, and fixtures
„
Paper and allied products
Printing and publishing
Rubber products
Miscellaneous plastics products
Glass products
Stone, clay, and other nonmetallic mineral products .
Instruments and related products
other
:.
....;
z;;;:::z:i;
Wholesale trade
Durable goods
"Z".
'.
Nondurable goods
Finance (except banking), insurance, and real estate ...
Finance exccDt biuilun*?
.....
Real estate
Holding companies, except bank holding companies ....
Services
Hotels and other lodging places
Business services
„
Advertising
Equipment rental (ex. automotive and computers) ....
Computer processing and data preparation services ..
Business services, n.e.c
Automotive rental and leasing, without drivers
-..
Motion pictures, including televsion tape and film
Health services
•
Engineering, architectural, and surveying services
Management and public relations services
Other .
Other industries
Agriculture, forestry, and fishing
Metal mining
Nonmetallic minerals
Construction
Transportation
Communications and public utilities .
Retail trade
950394
151,670
78,452
71,683
6,769
42,386
23.829
18,276
282
23.264
7368
324,643
32,443
10,353
6,718
15372
70,650
30,442
21,065
10,224
1,372
7.548
18310
5.795
1,815
3.979
12,716
58,350
2359
6,956
37,651
11,184
25,324
4,009
Net
income
t
927386 66399
166,071
7,290
3.970
33,020
3.915
29,743
55
3,277
1.694
57,785
1.343
23,946
314
33.490
37
349
1,254
67.652
373
7.614
462,874 32310
3.149
48,817
862
17302
1,099
7,957
1,188
23,358
89,319 7,894
38,609 3,743
2,654
24,077
702
15.897
125
1,761
670
8,976
21,699
1,783
728
6,283
134
1,750
594
4333
1,055
15,415
83.814
5,899
59
4.485
206
9352
4,901
55.372
734
14,604
2,243
33,795
264
4,883
304
3.321
2.767
1.280
18.655
13.257
395
6,936
5,290
5.146
56.860 109,242
5.178
53,480 106,127
-32
3,116
3380
6.697
76.187
62306
810
5,727
6,625
271
4.159
3.057
116
1,910
1.499
1,075
14.607
12,828
214
3,110
2,460
590
9,074
5,995
597
7.294
5,963
322
2,504
2,607
329
3,665
2.904
2,123
20,268
15.536
250
3,868
3.031
96376 185,640
7,983
4,932
64384 117,488
3,051
68,152
31,792
43,480 14,761
312,939
2,282
19,000
176379
2,293
23,049
70,827
-138
1.249
5,913
181 10,325
59.620
31327
1,904
31326
190
2,264
2,618
1,030
16,278
14.637
159
3.168
3.641
87
3,043
2,914
541
6,255
4,840
243
3,812
3,242
49
1,006
2,120
226
3,433
2,614
33
684
1,278
73
3.132
2,200
160
3.175
3.927
142
1356
2,133
33,293
33,441
1,650
90
1,799
1349
316
4.058
7,794
341
3.148
4,943
-25
909
2.851
147
5.007
3.139
362
4,487
5,273
223
1,529
3353
513
21.413
12,133
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1 to table 1.
MOFA Majority-owned foreign affiliate
Sales
exports
shipped
to
MOFA's MOFA's
90,780
1,960
914
679
235
214
28
135
51
807
25
63,118
2.175
957
144
1,074
6,691
3,320
2,069
371
203
727
1.463
508
62
446
956
8,496
329
1.134
5.445
1387
7,515
518
75378
8382
4,762
(DD)
( )
1.650
(D)
3
2,470
0
57,731
758
126
207
425
3,202
2,080
614
46
148
314
2.024
1,245
215
1.030
778
9,189
961
1.469
5361
1398
9.144
546
1,063
612
6,784
5,621
751
764
29.957 ' 27,386
26,076
29,495
1,310
461
6.029
6.822
85
(D)
438
307
457
83
2,018
865
70
94
494
795
125
556
152
185
223
243
1,484
2,920
D
483
( )
7,214
24343
4,942
17,100
2,271
7,243
1
29
1
(°]
0
c2
0
D
(•)
<)
63
308
0
8
63
248
C)
113
122
(D]
(D!
j
1
7
8
1,021
315
182
152
30
89
(°!
(D
361
56
2
<*)
0
0
0
0
0
1
1,687
490
1.016
834
182
(D
(*)
0
(D
117,418
8371
2.347
1.558
789
4,926
3,697
1,197
32
1,325
273
74312
5,743
2,225
560
2,957
12,597
4.125
4,447
2,440
230
1,355
4,129
843
305
538
3,286
15.227
789
1,630
9.661
3.147
6391
1.130
504
3,331
1,626
15,405
14.425
980
14.619
791
892
410
2320
612
2,047
1.085
582
858
4,140
681
15386
11,972
3,414
4,491
2372
1,762
82
75
7305
645
3,184
1,244
721
976
1,243
176
140
266
691
953
450
6353
394
771
575
196
1,143
81S
160
3367
4,7603
253.4
96.0
64.0
32.0
108.7
743
32.8
1.6
36.0
12.7
3,058.1
303.6
93.2
29.8
180.6
478.4
131.2
174.3
114.6
10.7
47.5
179.4
35.3
12.2
23.1
144.1
423.2
24.4
71.0
187.5
140.3
447.8
62.8
41.9
248.6
94.5
5663
532.9
33.3
659.4
35.4
69.6
18.0
106.3
30.0
91.5
47.9
26.2
36.6
152.8
45.1
462.4
348.0
114.4
120.6
53.2
62.6
2.8
2.1
305.4
50.2
158.5
34.2
23.7
24.7
76.0
8.4
7.2
13.2
20.4
18.9
28.6
560.6
92.4
41.5
30.8
10.7
47.2
41.5
17.8
3203
Total
assets
Sales
U.S.
US.
merchan- merchandise
dise
Employee
Net
mpons
exports
ncome shipped
shipped compensation
to
MOFA's MOFA's
1,067,793 1,015,263 72,406
7361
179363
150,045
3.727
36.098
74.403
3.848
33,392
68,962
-121
2.706
5,441
1,529
71.950
45,533
1,068
30,008
28.199
449
41,563
17.055
12
379
279
1,828
65350
23,163
477
6,266
6,947
367324
504356 34,496
3,817
50,113
33310
1,478
15,294
8.994
1.175
9383
7,264
1,165
25,236
17,252
7,722
94,654
77,256
3,774
40.651
34,275
23,100 2*251
20,398
790
18.918
12,011
117
1,897
1,734
789
10.089
8.838
1,651
20,880
18,971
440
5.686
5.320
23
1,184
702
417
4302
4,618
1.211
15,194
13,651
68,156
97.290 6.578
123
5398
2,696
410
9,666
6,763
63.800 5.165
45,035
879
18.426
13.663
2.412
37.281
27,789
249
5.111
4,365
2,971
14,202
6,251
63,763
60.857
2,906
77,879
7,415
4,107
2,275
18,209
2.823
6,404
5,723
3,383
3.872
20,765
2.903
105,202
70,869
34,333
366,160
202,810
75,709
7.164
80,478
38,726
3,261
17,798
4,849
1,041
8,022
3,887
2.653
2.269
998
2.214
5,516
4,016
40335
1,299
7.705
4,733
2.972
2,336
6.93
7,79
14,27
595
3,707
1,185
20,831
382
7,632
114,380 5,727
111,170 5,674
53
3.210
89,958 6.590
1,095
10,368
391
5.314
101
2388
1,230
17358
210
3.528
502
9.089
408
6,797
345
3.265
396
4,357
1,679
23.071
233
4,024
8307
204,145
134,116 5,105
70,030 3,202
50,242 17344
24,118 4.291
24,763 2,479
-231
1,147
214 11,004
2,665
33315
146
2,212
1,188
17,189
105
3,017
67
890
671
8396
345
4,686
13
1.179
620
2,25
45
715
76
3.388
323
2,893
254
3.688
1333
42,942
58
1392
54
4,146
209
3,013
-155
1.133
213
4,307
489
4.97
427
3,67
592
24,25
97,077
2,448
764
571
193
374
79
249
45
1,298
13
66302
84348
10,643
7,127
7,115
12
2,103
1.063
149
891
7,405
3,919
1,855
434
272
925
1.824
761
76
685
1,062
11,890
468
1375
8,034
2,012
7.680
557
SSI
177
147
556
3.670
2320
629
93
107
520
1,856
792
80
713
1,064
12.108
1,207
1,292
8.186
1.423
9.138
588
591
5350
982
27,813
27.394
419
7.788
166
489
212
1.080
102
692
593
364
253
3,492
344
26337
18.725
7,612
3
(•
0
0
3
469
5
282
2
(D
159
(D!
<
774
7.018
758
28375
27337
U38
8.115
170
1.090
725
2.765
81
591
116
188
284
1,796
310
8^65
6303
1,962
(*
0
0
0
(*
83
(
57
;
(*
i:
1
164
1316
232
11
69
47
15
(DD
(
78
(D)
(D)
667
3
2394
(D)
64342
(DD
(
(
(*:
2
1315
41
95
69
25
34
(DD
(
7
131,470
9,228
2,657
1,940
717
4.955
3.784
1.125
47
1.356
259
80,920
6.040
1,755
940
3346
13,582
4,437
4,479
2,877
221
1.568
4,084
783
184
599
3,301
16,593
847
1,619
10,173
3.954
6.980
1.170
495
3.460
1,856
16358
15,448
1,111
17.082
810
1,103
686
3367
703
2,170
1.077
786
1,039
4,603
740
18,152
13,989
4,163
4,990
2,650
2.015
7
252
9337
71
5368
1,46
18
1.45
2,26
24
13
31
69
1.02
134
834
35
79
59
20
96
1,08
94
4,19
umber of
mployees
(thousands)
5,111.4
240.9
88.6
61.6
27.0
104.7
74.8
27.7
2.2
35.7
11.8
3,2463
304.6
74.4
33.7
196.5
477.2
134.C
155.3
126.C
10.3
51.«
176.S
33.(
8.C
24.S
143.S
504.<
27.<
72.:
239.(
166.(
450.'
61/
33/
252.'
102.
598.
566.
32.
733.
40.
81.
38.
126.
30.
95.
46.
29.
35,
162.
46.
498.
366.
132.
115.
49
61
2
1
411
48
228
35
4
35
151
9
8
IS
20
18
58
598
84
39
29
9
40
49
40
343
REGIONAL PERSPECTIVES
Personal Income by Region, in the first; by State, nonfarm personal first-quarter declines. Payrolls in servincome growth slowed in Montana, ices and in government increased more
Second Quarter 1991
Idaho, and Colorado.
in the second quarter than in the first.
In the Mideast, personal income Personal income growth picked up in
X ERSONAL income growth in the increased 1.0 percent in the second all Mideast States.
Nation picked up in the second quar- quarter after declining 0.4 percent in
In the Great Lakes region, personal
ter of 1991 after slowing in the four the first. Despite the upswing, per- income increased 1.2 percent in the
preceding quarters. It increased 1.1 sonal income growth in this region second quarter after declining 0.1 perpercent in the second quarter after in- remained below the U.S. average for cent in the first. Payrolls in mancreasing 0.3 percent in the first (table the third consecutive quarter. All ufacturing and in the transportationI).1 In 1990, personal income had in- industries except farming contributed public utilities group increased in the
creased 2.6 percent in the first quarter, to the upswing in personal income second quarter after first-quarter de1.5 percent in the second, 1.3 percent growth. Construction payrolls declined clines; the upswing in manufacturing
in the third, and 0.9 percent in the less in the second quarter than in payrolls was due, in part, to an infourth.
the first (table 2). Payrolls in manu- crease in motor vehicle production afThe pickup in personal income facturing, in the transportation-public ter large declines in the two preceding
growth was widespread by region and utilities group, in trade, and in the quarters. Payrolls in construction deby industry: All regions except the finance-insurance-real estate group in- clined less in the second quarter than
Southeast and all major industries ex- creased in the second quarter after in the first. Payrolls in trade and in
cept government contributed. Pickups
in personal income growth were largest
Table 1.—Personal Income for the United States and BEA Regions: Percent Change from
in the Rocky Mountain, Mideast, and
Preceding Quarter
[Not at annual rates; based on seasonally adjusted data]
Great Lakes regions (chart 7).
Personal income growth picked up
Nonfarm
Farm
Total
in 33 States (chart 8). In partic1991:11
1991:1
1991:11
1991:1
1991:1
1991:11
ular, sharp upswings were recorded
1.0
0.3
6.1
0.3
United
States
1.1
in the farm States of North Dakota,
1.4
1.0
31.3
-39.9
1.6
0
Rocky Mountain
1.0
-.4
-.4
6.5
9.3
1.0
Mideast
Montana, Kansas, South Dakota, and Great
1.3
-.3
-5.1
1.2
-.1
31.6
Lakes
1.1
.8
5.0
-10.4
.3
Idaho. (For estimates by State, see
1.3
Plains
1.0
.3
13.1
.2
-2.5
1.2
Far West
"State Personal Income, Summary Es1.2
1.2
13.7
1.4
1.0
-9.4
Southwest
.2
-.1
6.7
10.4
.2
-.1
New England
timates for Second Quarter 1991" on Southeast
1.0
1.0
.1
1.2
13.3
.9
page 59.)
In the Rocky Mountain region, perCHART 7
sonal income increased 1.6 percent in
the second quarter after remaining unTotal Personal Income
changed in the first. The pickup was
(Not at Annual Rates: Based on Seasonally Adjusted Data)
more than accounted for by a sharp in- Percent Change
Percent Change
crease in farm income after a sharp de- 2.5
2.5
•
1990:IV-1991:l
cline; the upswing in farm income pri2.0
•
1991:1-1991:11
marily reflected Federal subsidy pay- 2.0
ments to wheat farmers. Personal 1.5
1.5
H
income growth picked up in all Rocky
Mountain States. Excluding farm in- 1.0
1.0
come, personal income in the region
0.5
grew slower in the second quarter than 0.5
H
NOTE.—This article was written by Howard L.
1
•
1
0
0
Friedenberg and Rudolph E. DePass.
-0 5
United States
Rocky Mountain
U
Mideast
-0.5
Great Lakes
1. Percent changes shown in this article are not at
annual rates.
56
1 Irl
—
—
——
i—^
U.S. Department of Commerce, Bureau of Economic Analysis
Plains
Far West
Southwest
New England
Southeast
57
SURVEY OF CURRENT BUSINESS
October 1991
services increased more in the second
quarter than in the first. Personal income growth picked up in all Great
Lakes States.
In the Plains region, personal income
increased 1.3 percent in the second
quarter after increasing 0.3 percent in
the first. Farm income and payrolls in
durables manufacturing increased in
the second quarter after first-quarter
declines. Construction payrolls declined less in the second quarter than
in the first. Payrolls in trade and in
services increased more in the second
quarter than in the first. Personal income growth picked up in all Plains
States except Iowa.
In the Far West, personal income increased 1.2 percent in the second quarter after increasing 0.2 percent in the
first. Payrolls in construction and in
durables manufacturing declined less
in the second quarter than in the
first. Payrolls in the transportationpublic utilities group and in trade increased in the second quarter after
first-quarter declines. Payrolls in services increased more in the second quarter than in the first. By State, personal
income growth picked up in California
and Washington; it was unchanged in
Oregon, and it slowed in Nevada.
In the Southwest, personal income
increased 1.4 percent in the second
quarter after increasing 1.0 percent in
the first. Farm income and payrolls
in the transportation-public utilities
group increased in the second quarter
after first-quarter declines. Payrolls in
nondurables manufacturing, in retail
trade, in services, and in government
increased more in the second quarter
than in the first. Personal income
growth picked up in all Southwest
States except Arizona.
In New England, personal income
increased 0.2 percent in the second
quarter after declining 0.1 percent in
the first. Payrolls in construction,
in nondurables manufacturing, in the
transportation-public utilities group,
Table 2.—Wage and Salary Disbursements (Payrolls) by Industry: Percent Change from Preceding Quarter
[Not at annual rates; based on seasonally adjusted data]
Durables
manufacturing
1991:1
United States . . .
Rocky Mountain
Mideast
Great Lakes
Plains
Far West
Southwest
New England
Southeast
,
-2.5
-.5
-1.7
-6.1
-1 1
-2.5
2.6
-.4
-1.4
1991:11
0.8
-1.5
.4
2.8
1 7
.3
-.5
-1.6
1.0
Construction
Nondurables
manufacturing
1991:1
-O.5
1.4
-3.1
-1.1
6
2.2
.1
-.8
.2
1991:11
1991:1
1.0
0
.9
.7
6
.3
2.7
-.6
1.5
-3.1
3.8
-5.3
-2.9
-2 4
-4.2
3.2
-8.5
-2.8
1991:11
-1.4
.5
-.5
-.8
-3
-1.1
-6^1
-2.8
Wholesale trade
Transportation and
public utilities
1991:1
-0.5
-2.1
-1.4
-3.1
-1 0
-.7
-1.0
-.4
2.7
1991:1
1991:11
-0.1
3.1
-3.9
1.0
9
-2.1
3.4
-1.6
2.7
0.3
.6
.6
.4
o.4
.6
-.3
.1
1991:11
1.0
1.6
.8
1.1
1 2
1.5
1.3
.1
.7
-0.4
1.5
-1.1
.1
1 i
-1.8
1.0
-1.3
.1
1991:11
1.2
1.8
1.1
1.3
1 4
1.3
2.0
-.1
1.2
1991:1
0.9
2.7
-2.5
2.4
36
2.2
3.6
-.1
2.5
1991:1
1991:11
1.7
2.4
1.7
2.0
22
1.8
1.4
1.0
1.3
1991:11
0.8
3.2
.2
.8
1 4
.8
1.2
.7
1.0
CHART 8
Personal Income Growth by State:
Second Quarter Compared With First Quarter
H
States with faster growth
CD States with slower or equal growth
U.S. Department of Commerce, Bureau of Economic Analysis
Government
Services
Finance, insurance,
and real estate
Retail trade
1991:1
2.1
2.5
2.0
2.5
25
2.4
1.4
1.1
2.3
1991:1
1.8
2.6
.4
1.6
24
3.5
.7
1.4
2.2
1991:11
U
1.4
.5
.9
1 3
1.4
2.8
.3
1.6
58
and in retail trade declined less in
the second quarter.than in the first.
Payrolls in wholesale trade and in
thefinance-insurance-realestate group
increased in the second quarter after first-quarter declines. Payrolls in
services increased more in the second quarter than in the first. By
State, personal income growth picked
up in Connecticut, New Hampshire,
SURVEY OF CURRENT BUSINESS
October 1991
and Rhode Island; it was unchanged in in the first quarter. Farm income
Vermont, and it slowed in Maine and and payrolls in the transportationMassachusetts.
public utilities group, in wholesale
trade, in thefinance-insurance-realestate group, and in government inIn the Southeast, personal income creased less in the second quarter
growth, in contrast to that in the other than in the first. Personal income
regions, slowed down in the second growth slowed in all Southeast States
quarter; personal income increased 0.9 except Kentucky, North Carolina, and
percent after increasing 1.2 percent Georgia.
October 1991
59
SURVEY OF CURRENT BUSINESS
State Personal Income, Summary Estimates for Second Quarter 1991
Table 1.—Total Personal Income, States and Regions
1 Millions of dollars, seasonally adjusted at annual ratct]
•'
United States l
11'
III'
IV'
I'
11'
IV
III*
••
11'
111'
IV
1.1
3.7
a
3
13
.6
.8
-.1
.1
3
958306
13,508
14,290
105.862
195.417
404,052
225,677
955,215
13,635
14,463
106,483
193.904
399,985
226,744
964390
13.853
14.525
107.346
195312
404/46
228.708
1.0
1.6
.4
.8
.8
781344
235391
94,630
172.804
192.131
86,888
788,178
238,502
95,147
173,392
193.682
87,455
787,745
237.687
95,810
171,283
194,715
88,249
797304
239,705
97,081
173.846
197.400
89.272
1.2
.8
311,261
47,430
44373
82.106
89.200
27.691
9.364
10,897
312356
47.820
44,661
82,565
89,905
27,300
9,288
10.817
319335
48,166
46.758
83.374
91,132
28.144
10,806
11.454
320,773
49.498
45,815
84340
91,299
28,653
9,704
11,263
324349
49,450
46,776
85.777
92,012
29301
10.018
11315
964397
59,416
33.203
236,938
109.058
54,255
59.849
32307
106.777
51,778
76,115
120.449
24,251
976339
60,560
33.288
240.169
110.346
54.875
60,740
32,865
108,072
52.818
77.013
121.696
24,398
991,095
61,238
33370
244.179
111,960
55,793
61,742
33.165
109.905
53.566
78.199
123,167
24,811
996,025 1,007319 1,017,048
63,421
62,921
61,888
35.195
34,967
33.698
250,089
247.915
245365
114,637
113,117
112.180
56,524
57.025
56,478
64.163
63,893
62,620
34.601
33.498
34,159
110.985
109,493
108.829
54,873
54,439
53.863
80,541
78.834
79.831
125,892
123346
124,825
25,628
25,435
25.027
394,067
56.582
20,765
46,737
269.983
403366
57,647
21.102
47318
277,298
411,134
58396
21.378
48,089
283.071
418,181
59.529
21,894
48.839
287.919
424,431
60,011
22,333
50.034
292.053
428311
61,044
22383
49.703
295.481
434,782
61,876
22.912
50,424
299.570
113341
58367
14.119
11.390
22.418
6,847
116,438
59.753
14.654
12,111
22,926
6.994
118300
60,816
15,070
11,841
23,409
7,164
120,491
61.864
15,382
11.942
23.970
7,333
121,969
62,669
15.345
12.032
24,509
7,414
125369
64,164
15,893
13.006
24,907
7,600
125,610
643<X
15.766
12,463
25,270
7.611
127,658
65.274
16.172
12,733
25.746
7,734
721,926
572.739
20 657
45.019
83311
734,683
582,578
21,141
45.755
85,208
743375
587,264
21,819
46,972
87,319
767,208
606,897
22,511
48,041
89.758
778,0*
615.010
23,005
48.865
91,215
790,640
624.423
23,707
49,586
92.924
800,264
631300
23,967
50398
94,799
802,186
631.466
24,212
50,837
95.670
811,601
639,093
24,405
51,413
96.691
10,757
19,651
11,272
20,152
11,624
20,687
11,453
21,178
11.731
21.782
11,860
22349
12,028
23.011
12,207
23308
12,456
23.748
12335
24,026
277,225
749.533
721.629
289.696
727,406
208.847
391,112
205.105
719.262
281,062
762 297
729,668
292.561
738.722
211,192
394,794
208314
732,692
283302
771,755
736,749
292,654
743,294
212,940
397.475
210,615
745,853
285,877
783,514
746.526
301330
760,032
216.202
406,051
215,604
754,186
292317
809^40
772.027
311,261
789.005
225,312
425,188
223.470
789,299
295,076
819,918
781.844
312.356
800,687
228,396
431,869
227,099
801.972
294,540
825,146
788.178
319,835
802,669
230.699
438,405
231,880
812,012
294,311
820,633
7S7.745
320.773
809,806
233.436
444,044
233,448
814,178
294,871
828.866
797,304
324,849
817.827
235,588
449,351
236.850
823.757
265,748
75,790
18,555
124,329
21,248
17,061
8,765
272,765
78,030
19,087
127,490
21,794
17,439
8,925
277,225
78,594
19,738
129,499
22,328
17,786
9.281
281,062
80,031
20.000
131.030
22337
18,047
9,415
283302
80,878
20,123
132.073
22,608
18,163
9,458
285377
81.733
20,462
133.012
22.713
18,374
9,582
288,982
82.059
20,868
134379
22.950
18.717
9.809
292317
83.642
21,138
135.741
23.199
18,904
9.894
295,076
84,540
21.380
136,845
23,321
19.024
9,966
294340
85,126
21,197
136.280
23.118
18,932
9,887
Mideast
804,455
11,050
12,897
87.646
165 567
338 446
188,849
818343
11.402
13.157
89,263
168 885
343 994
192,141
838,160
11.851
13,449
92,162
173.044
350,653
197.001
856,989
12,100
13,622
93,872
177,626
359,636
200,133
871302
12.426
13.419
96,123
179,122
365,071
205,341
886,099
12,655
13,604
97,543
181,964
372 695
207,637
896334
12,758
13,506
98,815
184.124
377,052
210,579
910,760
12,936
13.868
100,442
186319
383 953
213.242
926354
13.206
13,756
102,806
189,204
390.116
217.265
940,745
13.354
13.879
104,272
192,283
395,478
221.479
953,017
13.521
13.994
105.584
194.670
400,759
224,489
666383
201042
80981
148,184
164 006
72,670
675,887
202.346
81 687
150.528
167,422
73,903
688,169
205,666
82,850
153.787
170.543
75.323
699,150
209,110
83,432
156.586
173.053
76.969
721,629
216.227
87,771
160,248
177,520
79.863
729,668
218,952
88 720
162316
179,185
80394
736,749
221,416
88,864
164,283
181,1J5
81,070
746326
224,959
89,880
166.330
182.968
82,389
759,296
228.832
92,343
167.022
186.544
84354
772,027
231.914
93.102
170,796
190323
85.692
269,328
41 870
38,278
70 354
77 419
23,501
8,672
9,236
271334
40,961
39,535
70 349
79 118
24.394
8.427
9,049
269368
40,467
39,158
70,767
79,860
23.468
7,491
8.6S8
277,003
41 050
40398
72,162
81,550
24,463
8,062
9.118
289,696
44.722
41,021
75,725
83,531
25,604
9,154
9,937
292361
44,640
41,803
76.732
84 674
25.769
8,942
10,001
292,654
44,176
41388
77.464
85,433
25.492
8.668
9,832
301330
45,885
43,252
79,415
87,015
26,221
9,425
10.318
309,076
48,064
44,207
80,847
88,052
27,801
9,285
10.820
»
820,415
50,951
27,886
196 625
94 009
46,454
52,730
28,232
89 793
43 422
65 895
102,903
21.515
842323
52,462
29,546
201,785
96 285
47.590
53,962
29,072
91,961
44,743
67 556
105.599
21.761
861,073
53,484
29,422
208,144
98,265
48.526
54.467
29,419
94,734
45,696
68,825
108,027
22,064
878,073
54,632
29.866
212.760
100,173
49,084
55,469
29.999
96.741
46,619
70159
110,233
22338
901,768
55,618
31,371
219.093
102,400
50.797
56,112
30.961
99.485
48,330
71471
113,124
23,004
913326
56305
31,176
223.761
103 605
51.182
56,538
30.995
100.932
48 802
72310
115,045
22.776
919,068
56,889
31.066
227,067
104,480
51,792
56,847
30.995
101301
46,043
73364
116,126
22,999
938318
57,781
31,545
231,523
105.943
52.614
57.785
31.403
103,840
50,202
74,405
117,890
23,387
......
349392
50 639
18401
41,977
238,375
358353
51,913
18,862
42,711
244,868
362,274
52.969
19.008
43,259
247,038
369,038
53319
19 406
43,984
252,128
378^67
54.911
19.728
44,982
258,647
382335
55,330
20.125
45386
261,694
385,693
55,788
20344
45,660
263,901
........
101329
52,811
12.222
9 963
19952
6,381
104,032
54,159
12,582
10.207
20,474
6.610
105300
54,730
12.886
10,189
20,916
6^80
108,094
55,865
13.300
10.979
21,323
6.626
110,408
57,026
13.773
11.227
21,637
6,744
112,402
57,913
14,068
11.464
22 168
6.788
Far West
California .................
Nevada
Oregon
.......,
Washington
644,938
514 202
17 539
39,590
73.607
661,240
526.985
18,228
40,545
75,482
676,601
539,086
18,779
41389
77,147
689334
548.374
19,309
42.787
79.065
708,913
563.369
20,059
43,892
81393
9.896
17.802
10,045
18,103
10,118
18330
10.361
19,068
254.065
692 862
666 883
269,328
659,860
191,532
360,968
187,909
655,098
260.103
705,020
675,887
271,834
675.956
196,681
371,086
193.034
671.160
265.748
720,698
688,169
269,868
694392
200^54
374,186
196.056
686.470
272.765
737,394
699,150
277,003
708,459
203,874
381,447
200,328
699,655
.......
Plains
Iowa
Minnesota
Missouri
Nebraska
Nonh Dakota ....
South Dakota
Southeast
Alabama
Arkansas
Florida
Georgia
.....
.....
.....
Louisiana . .
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
......
Southwest
Arizona
New Mexico
Oklahoma
.
Texas
...........
.
Rocky Mountain
Colorado
Idaho
Montana ............
Utah
Wyoming
Alaska
Hawaii
......
..
......
1990:111991:11
294,871
84,745
21,262
136.837
23.169
18.929
9,929
260,103
73.940
18.042
122 072
20 834
16.740
8,475
Great Lakes
Illinois
Indiana
Michigan .
Ohio
Wisconsin
1991:11991:11
294311
84.256
21310
136,852
23,064
18.921
9,909
254,065
72,584
17,551
119 179
20 263
16,261
8.228
.....
11'
3,938,505 4,020,763 4,095342 4,180,075 4389315 4351302 4394,637 4,469322 4370392 4,637318 4,699^17 4,743364 4,758374 4,809363
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
District of Columbia
Maryland . . . .
New Jersey
New York
Pennsylvania .
Percent change
1991
1990
1989
1988
State and region
.6
-.2
0
0
.5
.2
1.2
.9
13
13
1,4
1.2
23
3.7
4,7
2.9
1.7
2.3
3.3
33
3.4
43
1.8
3.6
4.2
.8
2.3
3.2
4.4
4.3
4.9
4.5
3.2
5.8
7.0
2.2
5.7
.9
4.1
.8
.7
.9
1.3
.9
.4
13
1.4
.8
.9
.9
4.7
5.7
4.1
3.9
3.9
5.6
53
2.7
3.9
4.6
3.4
13
2.1
1.5
.8
5.0
1.4
SJS
1.4
13
1.5
5.6
7.2
4.9
5.8
1.4
1.6
1.2
2.6
2.2
1.9
1.6
5.9
55
5.1
6.6
7.4
5.5
1.2
.8
1.1
43
3.9
6.1
5.2
1.1
6.0
.6
1.2
5.7
7.5
.2
1.0
.8
2.4
U
Census Divisions
New England
Middle Atlantic
East North Central
West North Central
South Atlantic .. .
East South Central
West South Central
Pacific .
' Revised.
f Preliminary.
1. The personal income level shown for the United States is derived as the sum of the State estimates; it
differs from the national income and product accounts (NIPA) estimate of personal income because, by defini*
tion, it omits the earnings of Federal civilian and military personnel stationed abroad and of U.S. residents
288,982
796,585
759.296
309.076
779,019
222.294
417,869
219,561
778,210
1.2
33
1.3
1.0
.9
1.2
13
1.2
4.4
3.7
4.6
5.7
6.0
4.4
employed abroad temporarily by private U.S. firms. U can also differ from the NIPA estimate because of different data sources and revision schedules.
NOTE.—The quanerly estimates of State personal income were prepared by Francis G. McFaul, James P.
Stehle, Isabelle B. Whiston. and James M. Zavncl, under the supervision of Roben L. Brown,
60
SURVEY OF CURRENT BUSINESS
October 1991
Table 2.—Nonfarm Personal Income, States and Regions
[Millions of dollars, seasonally adjusted at annual rates]
Percent change
State and region
1991:11991:11
1990:111991:11
3,887489 3,968,060 4,052,279 4,133,984 4,223,056 4,291,610 4346414 4,412,680 4402441 4477,097 4,649370 4486,140 4,701313 4,748,702
United States .
3
13
4
.8
New England
Connecticut .
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
253390
72,422
17,449
118,973
20,208
16,223
8.115
259349
73,755
17,932
121,846
20,771
16,697
8,347
264,777
75456
18.404
124,042
21,168
17,001
8.606
271397
77,819
18.950
127.233
21.723
17.389
8.783
276324
78,377
19,571
129.231
22,270
17.739
9.137
280,194
79,821
19,844
130.771
22,481
18,002
9.274
282,449
80,675
19,975
131.819
22450
18,115
9313
284,996
81429
20,294
132,759
22,658
18,328
9,428
287,992
81,803
20,686
134,302
22,886
18,671
9.644
291402
83,408
20.978
135,483
23,136
18,862
9,735
294,236
84,322
21,227
136,613
23,264
18,989
9,820
293,797
84,927
21,048
136,078
23.069
18,899
9,776
293,489
84,040
21.162
136,615
23.007
18,883
9,782
293,995
84418
21,108
136,585
23,108
18.888
9,787
5
.6
-.3
0
.4
0
0
Mideast
Delaware
District of Columbia ,
Maryland
New Jersey
New York
Pennsylvania
t ,,,,
802.215
10,917
12,897
87,275
165,298
337,772
188.055
816,445
11,242
13,157
88,843
168,588
343,332
191,282
835349
11,629
13.449
91,657
172,692
349,922
195,999
854386
11.892
13,622
93,393
177,298
358,948
199,233
882300
12,421
13,604
97,048
181,609
371,717
206.400
893329
12464
13406
98373
183,808
376,170
209,408
907,663
12.737
13,868
99.988
186.005
383,057
212,007
922,698
12.986
13.756
102,229
188.840
388.996
215,891
93734
13,150
13,879
103,755
191.930
394,408
220,162
949396
13,334
13,994
105,107
194,361
399,818
223,283
956,048
13,352
14,290
105,441
195,127
403,236
224,602
952,200
13.458
14,463
106.012
193478
399,051
225.639
961378
13.658
14.525
106.852
195,173
403,665
227,505
1.0
14
.4
.8
.8
1.2
.8
24
3.9
4.7
3.0
1.7
23
33
Great Lakes .
Illinois
Indiana
Michigan
Ohio
Wisconsin .....
658,130
197,896
78,976
147,263
162,740
71,255
669301
200,458
80,637
149.718
166,357
72,632
685,618
205,648
82,748
153,182
169,863
74,177
697,480
209,227
84,182
155,884
172,652
75435
868,129
12.200
13.419
95.538
178,758
364,123
204,091
711,658
213.352
86,174
158,879
176,063
77,189
721,030
216,817
87300
160,866
177,867
78,180
730496
220,018
87.893
163,239
180,168
79.279
739,707
223,338
88,733
165.260
181,912
80,463
749,435
225.968
90,625
165,665
184,876
82,300
764443
230,095
91,850
169,754
189,181
83,663
775,924
234,021
93,717
171,980
191,032
85,173
782,288
237,100
94,212
172,499
192409
85,968
779,996
235463
94,427
170.199
193,299
86408
789,951
237,690
95,881
172,803
196.079
87,498
13
.9
14
14
1.4
1.1
33
33
4.4
1.8
3.6
4.6
Plains
260486
38434
37,578
68,608
78,031
21,564
7,992
8,281
264356
39,398
38,076
69.767
79.238
21,953
8.040
8,384
270301
40,352
38,791
71,408
80.602
22(423
8,141
8482
276,146
41,243
39,823
72,714
82,212
23,032
8.344
8.777
281,265
42,056
40,499
74,355
83.497
23.465
8,436
8.957
285,025
42,483
40,967
75,559
84,585
23,838
8431
9,063
289,939
43,416
41,713
76,923
85,754
24,224
8.661
9.249
294,200
44,025
42,424
77.859
86,916
24,715
8.776
9.486
299,221
44,669
43,047
79,493
88,271
25,239
8.856
9.645
303409
45,513
43,787
80466
89,208
25467
9,011
9,856
306340
45.941
44.091
81.271
89.950
26,006
9,122
9,959
308,676
46,307
44,405
82,039
90,319
26,271
9,216
10,118
312,152
46,717
44,859
83,371
91,081
26,623
9.290
10,211
1.1
Minnesota ......
Missouri
Nebraska
North Dakota .
South Dakota .,
255,774
37,775
36,728
67,679
76,378
21,232
7,900
8,082
.9
1.0
1.6
.8
1.3
.8
.9
43
4.6
4.2
4.9
3.2
5.5
4.9
5.9
Southeast ......
Alabama !."Z
Arkansas ...........
Florida
Georgia
Kentucky
Louisiana ..........
Mississippi .....
North Carolina .
South Carolina ,
Tennessee .
Virginia
West Virginia .
809310
50,107
26.900
194364
92.912
45490
52.000
27,307
88,454
43,062
65,284
102.364
21,466
829,040
51,473
27,497
199,306
95,072
46,616
52.866
27,948
90,378
44,302
66,868
105,010
21,705
847349
52,292
27,839
205,132
96,859
47424
53,695
28.455
92.792
45,290
68.122
107344
22,005
863,738
53,349
28.235
209,973
98486
48.106
54375
28,875
94,916
46,148
69331
109465
22,278
885,030
54364
28.857
216.148
100.641
49.422
54,915
29,676
97,350
47.774
70446
112396
22,940
899,002
55,343
29,340
220,760
101.889
49,922
55,758
30.148
98.853
48,277
71.760
114,242
22,711
906,776
55,864
29.777
224,412
102,963
50,697
56340
30,407
99.700
45,610
72,655
115,411
22,940
925,622
56,747
30,311
228,935
104,507
51,375
57,222
30,746
101,907
49,686
73,684
117.168
23.335
948,755
58.228
31.072
234.170
107,462
52.839
58,757
31,477
104332
51330
75321
119.619
24,148
963,052
59,354
31407
978,960
60,214
32,109
241,635
110,719
54,757
61,098
32402
107,861
53,259
77.620
122,464
24,722
983320
60.805
32372
243,105
110,966
55,346
61,981
32,786
106,960
53,493
78,157
122,902
24,946
993,687 1,003,197
61,859
62,335
32,920
33.395
245,424 247,452
111,857
113,291
55338
55,911
62,862
63,231
33,234
33.669
107,498
108.879
54,061
54,464
79.151
79,872
124.134 125.166
25350
25,532
1.0
.8
1.4
.8
13
1.0
.6
1.3
13
.7
.9
.8
.7
45
5.0
6.0
3.9
4.1
4.2
5.7
5.3
2.9
3.9
4.7
34
5.1
Southwest
„.
Arizona
New Mexico
Oklahoma ..
Texas
344450
50,024
18.114
40,855
235,657
351,674
51,121
18448
362487
52,864
19,050
42,685
248,088
370424
54,043
19,377
43,492
253.613
375,974
54,617
19,750
44.051
257455
380,706
55,153
19,965
44446
261,042
387434
55,842
20,249
45,298
266,145
395317
56,997
20,698
46,157
271.964
403419
57,936
21,020
46.823
277,738
412^21
41,573
240,433
357,254
52,257
18,720
42.149
244,127
58.935
21456
47.616
284,114
416,955
59,443
21.847
48,204
287,461
422,041
60,495
22020
48485
290,741
427,083
61,199
22,496
48,995
294.393
15
15
15
.8
13
SJ&
5.6
7.0
4.6
6.0
Rocky Mountain .
Colorado
Idaho
Montana ......
Utah .
Wyoming .
99^32
52.202
11.581
9,796
19,751
6302
101,725
53,181
11,856
10,038
20,192
6.457
103,417
54,013
12,098
10.180
20.629
6,497
105,251
54.857
12,375
10,481
21,025
6414
107413
56,078
12,690
10,713
21,375
6.657
109,440
56,886
12,973
10,995
21,898
6.688
110,927
57.717
13,146
11.119
22,167
6,778
112,780
58,521
13.452
11,318
22,614
6,874
115,191
59,628
13,853
11493
23,067
7.048
117374
60,717
14,138
11,674
23.642
7.203
119,606
61,781
14,414
11,874
24,233
7,303
121,490
62308
14,659
11,995
24486
7,442
123,158
63451
14,881
12,231
24,988
7407
124,439
64.095
15,057
12,274
25.429
7484
1.0
.9
15
.4
13
1.0
6.0
5.6
64
5.1
7.6
S3
636^45
507,984
17,485
38,706
72.370
651460
519.806
18,160
39435
74,059
665319
530.784
18,702
40365
75,467
679,104
540,863
19,234
41,644
77363
697494
555.120
19.947
42.746
79,782
710,750
564,679
20447
43392
81,631
724,162
574,899
21.039
44.692
83,532
732,081
579.372
21,713
45.729
85.268
755^32
598,277
22395
46,789
87,771
766481
606,624
22,898
47,650
89.409
780,260
616,802
23.612
48458
91,289
789,957
624326
23,873
49,080
92,678
792,139
624,289
24,114
49.794
93,942
800,238
631,153
24,298
50,183
94,604
1.0
1.1
.8
3
.7
4.0
6.1
S3
5.8
9,886
17457
10,033
17,845
10,101
18,240
10,344
18,795
10/745
19,394
11,260
19.896
11,612
20,432
11,437
20,920
11.715
21407
11345
22,078
12,014!
22,745;
12,191
23,255
12,442
23.484
12420
23.750
.6
1.1
5.7
7.6
271,897
735,479
697,480
270301
700374
199,661
373383
196,400
689,008
276,324
746,972
711,658
276,146
718.407
204,008
380,876
200,879
707,786
293,797
822,965
782588
306,340
795,457
227,094
430,018
226.653
801430
293,489
818568
779,996
308,676
802557
229481
435,108
229.987
803,951
293,995
826.343
789.951
312,152
809,819
231,787
440,014
232.432
812509
5
1.0
13
1.1
.9
1.0
1.1
1.1
1.0
.8
24
3.3
43
3.7
4.7
5.8
6.0
44
Iowa
Far West
California
Nevada
Oregon
Washington
Alaska .
Hawaii .
238,103
108.875
53,679
59,794
31,961
105.805
52,421
76.307
120,947
2438
-.1
.1
4
Census Divisions
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central
Mountain
Pacific
....
„
253390
691.125
658.130
255.774
653,711
188,283
355,412
185555
646,503
259349
703,203
669,801
260486
669,015
192,904
362,369
189454
661,279
264,777
718,613
685,618
264,856
686,157
196393
367.811
193.096
674,957
280,194
759.726
721,030
281.265
729,804
207,173
386,705
204355
721359
282,449
769385
730496
285,025
735,480
209,623
391,705
207,084
735.166
284,996
781,070
739,707
289,939
752,131
212,552
398.976
210,583
742,726
287,992
793,727
749,435
294.200
770,033
217,865
407,951
215582
766,058
291,602
806400
764443
299521
78U32
221302
415.863
219529
777,605
294,236
817,461
775,924
303,509
793,095
225,094
424,937
223,708
791,408
'Revised.
' Preliminary.
Nam.—Nonfarm personal income is total personal income less farm earnings.
Data Availability
Quarterly estimates for the years 1969-87 are available from the Regional
Economic Information System, Regional Economic Measurement Division, BE55, Bureau of Economic Analysis, U. S. Department of Commerce, Washington,
DC 20230, or call (202) 254-6630.
BUSINESS CYCLE INDICATORS
Data tables
Footnotes for pages C-l through C-5
Charts
Historical data for selected series
Business cycle expansions and contractions
Specific peak and trough dates for selected indicators
Titles and sources of series
Annual Revision of Composite Indexes
The composite indexes of leading, coincident, and lagging indicators (series 910,
920, and 930) have been revised from January 1986 through August 1991. These
revisions incorporate revised data for component series but do not involve changes
in the components of the indexes or in the standardization or trend factors. The
ratio of the coincident to lagging composite indexes (series 940) and the diffusion
indexes based on the leading, coincident, and lagging indicator components (series
950,951, and 952) have been revised for the same period. Historical data for these
indexes and their components are shown on pages C-25 through C-44.
C-l
C-6
C-7
C-25
C-45
C-46
C-47
Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources are provided through
the courtesy of the compilers and are subject to their copyrights.
Current and historical data for the series shown in the C-pages are available on printouts, diskettes, and the Commerce Department's Economic
Bulletin Board. For more information, write to Statistical Indicators Branch, Business Outlook Division (BE-52), Bureau of Economic Analysis, U.S.
Department of Commerce, Washington, DC 20230.
NOTE.—This section of the SURVEY is prepared by the Statistical Indicators Branch.
Year
Series
1990
1991
Series title and timing classification
no.
Aug.
1990
Oct.
Sept.
Nov.
|
Dec.
Jan.
Feb.
Mar.
|
Apr.
May
|
June
|
July
Aug.
'145.5
12
r
i5.1
72
'145.5
0
|
Sept.
1. CYCLICAL INDICATORS
1.1 Composite Indexes
The Leading Index
910 •
•
8
(8)
(20)
(29)
(92)
(99)
(19)
(106)
(83)
950
«
Composite index of leading indicators, 1982=100 (L,L,L)§
Percent change from previous month §
Percent change over 1 -month span Afl§
Percent change over 3-month span, AR §
144.0
-.4
....
-39
-4.0
Contributions of leading index components: *
Average weeklv hours mfQ (LL U 5
Average weekly initial claims for unemployment insurance
(inverted) (L,C,Ltt 8New orders in 1982$, consumer goods and materials (L,l,L) § Vendor performance, slower deliveries diffusion index [L,L,Lj § ...
Contracts and orders for plant and equipment in 1982$ (L,L,L) §
Building permits, new private housing units (L,L,L) §
Change in unfilled orders in 1982$, durable goods, smoothed
(Jam.
Change
in sensitive
materials
prices,
smoothed
Stock prices,
500 common
stocks,
NSA
(L.L.L) (L,L,L)t§
Money supply M2 in 1982$ (L.L.L) §
Index of consumer expectations, NSA (L,L,L)
Diffusion index of 11 leading indicator components:
Percent rising over 1-month span §
Percent rising over 6-month span §
.01
-.05
-.62
.01
-22
-.12
-.10
'144.3
-1 2
-135
'-8.2
r
'-8.8
'-12.0
-13.4
'-11.7
'139.9
'-1.1
'-12 8
'-9.7
'-08
'-22
143.2
-.8
141.5
-12
'-.04
'-.12
o
'-15
'-26
M5
.15
'-.23
-.05
'.30
'-.18
'-.10
-.04
'.01
'-.19
.02
-.32
.05
-.24
-.03
-28
-.01
-.26
-.12
-.15
-.15
-.15
-.16
-.29
-.30
.14
'-.13
.07
0
'-.31
'-.08
-.16
.03
.08
-.03
-.08
-.10
-.47
-.15
-.53
.04
'139.6
'141.9
'143.0
'.3
5.6
3
9.8
92
'3.4
'7.6
.8
97
'6.7
'143.8
.6
6.9
10.5
-.08
'-.20
-20
-08
23
15
'23
30
.10
-07
'.13
-.19
-.04
-.07
'-.12
.34
.11
.05
.07
.13
.04
.02
.16
-.14
.06
.01
.10
-.14
.33
.14
'.34
.01
'.30
'-.02
-.06
'-23
-.15
23
'.03
-.09
-.03
'-.12
'140.4
'1.2
'147
'-7.4
1.4
08
-23
'.03
-.29
-.13
.22
-20
'.07
.05
-.15
-.06
-.18
-.07
0
-.18
-.10
-.05
-.11
'145.4
'-1
'-.8
'141.5
'138.8
'-.6
'-6.7
-.2
-25
.06
0
-.08
o
25
.07
-.06
-.13
-.10
-.05
-.06
.59
.01
.11
.01
-.02
.03
-.02
.08
-.01
0
o
'4.5
'22
'-.14
.03
.03
-.04
'-.17
-.06
-.09
.13
'-07
-.06
'.04
.01
'-.10
.09
.03
.06
25
.15
23
.83
-.36
-.12
.16
.03
.04
27.3
18.2
45.5
59.1
54.5
40.9
72.7
63.6
86.4
72.7
81.8
63.6
'63.6
72.7
36.4
'45.5
182
36.4
27.3
'126.8
1126.8
.23
'-.05
•16
38.3
33.0
'31.8
13.6
27.3
9.1
91
o
132.8
'134.0
'132.8
'-.9
'-1Q2
'-7.8
'131.5
'-1.0
'-11.1
'-11.1
'130.1
-1.1
'-12.1
'-112
'128.9
'-.9
'-10.5
-13.0
'127.0
-1.5
'-16.3
-112
'126.3
'-.6
-6.4
'-9.6
' 125.7
'125.9
'126.5
'127.0
' 127.0
'-5.6
-3.4
-.5
2
1.9
.6
.5
5.9
42
.4
4.8
3.5
0
0
'-.03
-.19
'-.09
-.55
-18
'-.04
'-.16
.10
-.41
-.40
-.10
32
-28
-.53
-.15
-.82
-16
-.19
-.02
-24
0
.16
24
21
24
23
.11
-.12
-.14
.13
.45
.11
-22
-.19
.15
-18
-.11
.07
23
'.06
'.05
'0
'-.10
o
250
0
25.0
0
0o
25.0
25.0
50.0
50.0
75.0
100.0
'75.0
75.0
2
100.0
50.0
'62.5
2
'118.5
'1192
'119.8
119.3
'119.2
'117.5
'115.8
113.7
'113.3
112.3
1
'-1.0
-7.5
-15.8
'-112
'-16.0
'~172
'-19.7
'-13.5
'-4.1
'—11.6
'-10.1
3
-5.5
-.31
-26
-.15
.35
-26
-.20
-.58
-.13
'-.22
'-.32
.13
-26
'-.04
'.13
-.02
The Coincident Index
920 •
*
(41)
Composite index of coincident indicators. 1982=100 (C,C,C)S
Percent change from previous month §
Percent change over 1-month span, AR§
Percent change over 3-month span, AR§
-.3
'...
(57)
-1.8
'-5.2
.03
'-.08
-.23
.03
'.31
Contributions of coincident index components:»
Employees on nonagricultural payrolls (C.C.C) §
Personal income less transfer payments in 1982$ (C.C.C)
Industrial production (C C C)
Manufacturing and trade sales in 1982$ (C.C.C) §
-.03
-03
-.93
Diffusion index of 4 coincident indicator components:
Percent rising over 1-month span
Percent rising over 6-month span
54.2
50.0
50.0
6
250
0
119.2
M19.0
"119.1
118.6
'1.0
'-3.3
'-4.9
'-1.7
'-1.0
-.05
'.39
-.03
.20
'0
-.20
tei
951
-.1
-3.3
-3.2
.
'-.47
0
0
'1.0
'-.02
'-.14
.18
2
20
'—2
'-1.9
2
-.6
0
'.02
'.10
'.03
100.0
The Lagging Index
930*
Composite index of lagging indicators, 1982-100 (Lg,Lg,lg)§
rerceni cnange irom previous montng
Percent change over 1-month span, AR§
Percent change over 3-month span AR §
-.6
-.5
'-5S
-.04
-.10
.03
.07
-26
0
.6
62
'-4.9
'4.1
'2.7
o
0
.26
0
.26
.17
-.19
-.13
-.09
-.13
.02
.03
-.28
l
(91)
(77)
(62)
Contributions of Jagging index components:
Average duration of unemployment (inverted) (Lg,Lg,Lg) * §
Ratio, mfg. and trade inventories to sales in 1982$ (Lg,Lg,Lg) §
Change in labor cost per unit of output, mfg., smoothed
(\ /\ I n 1 n\ *-
(109)
101
(95)
(120)
952
940 •
lLg,Lg,L.gj ••
Average prime rats, NSA {Lg,Lg,Lg)
Commercial and industrial loans in 1982? (lg.Lg,Lg)§
Ratio, consumer installment credit to personal income
Change m Consumer Price Index for services, smoothed
(LqiniaUS.
Diffusion index of 7 lagging indicator components:
Percent rising over 1-month span§
Percent risina over 6-month soan I
Ratio, coincident index to lagging index, 1982-100 (L,l.L)§
-.05
0
0
.02
0
26
.10
0
.78
0
.05
-.02
-.02
-.13
'-22
'-.06
'-.14
'-.12
'-.54
'0
-.03
-.16
-.34
-28
.03
.06
.02
.14
.05
-.10
-.14
-.19
42.3
41.1
'21.4
50.0
35.7
35.7
'50.0
35.7
35.7
35.7
57.1
42.9
'1115
'110.9
'109.8
'108.1
111.4
'112.6
N 0TEi —The following current high values were reached before August 1990: January 1984—BCI-940 (116.1),
0
0
.17
.39
0
-.41
-.12
-.19
.03
-.29
-.37
-.40
-.19
-.34
0
.08
'.0
'-.57
>-28
24
.14
-.14
-.38
-.34
-.34
-.1
'-.10
78.6
42.9
42.9
14.3
28.6
21.4
14.
o
7.
0
'21.
o
3
'50.
o
'105.5
'107.1
'1092
'106.0
'105.9
-.03
'111.7
'112.
'112.9
112.1
3
-2.1
0
'-23
'-25
'-.06
'27
5
30.0
'113,1
Sec page C-6 for other foomotes.
October 1989—BCI-930 (120.3), and June 1990—BCI-910 (146.3) and BCI-920 (134.6).
C-l
SURVEY OF CURRENT BUSINESS
C-2
Year
Series
October 1991
1991
1990
Series title and timing classification
no.
1990
Sept.
Aug.
|
Oct.
|
Nov.
|
Dec.
Jan.
Feb.
Uar.
May
Apr.
June
Aug.
July
Sept.*
1. CYCLICAL INDICATORS - Continued
1.2 Employment and Unemployment
1 t
21 •
5*
Marginal employment adjustments:
Average weekly hours mfg (L L L)
Average weekly overtime hours mfg (L C L)
Average weekly initial claims for unemployment insurance, thous.
408
3.6
382
409
3.8
'370
40 9
3.7
'387
40.7
3.6
425
40.6
3.5
'460
407
3.5
455
40.4
3.4
'444
40.3
3.3
'477
40.3
3.3
512
45 •
Job vacancies:
Index of help-wanted advertising 1967=100 (L Lg U)
Ratio, help-wanted advertising to unemployment (L.Lg.U)
129
.559
127
.539
122
.512
116
.483
107
.434
108
.423
100
.386
97
.354
60
48*
42
41 •
963
40 •
90*
37
43*
45
91 •
44
Employment:
Employee hours in nonagricultural establishments, bil. hours, AR
(U.C.O.
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,
15fi inrfi KtriA^'
Percent rising over 1 •month span
Percent rising over 6*month span
Employees in goods-producing industries, thous. (L.C.UJ
Ratio, civilian employment to population of working age, percent
(U.Lg.U).
Unemployment:
Number of persons unemployed, thous. (LXg.U)*
Civilian unemployment rate percent (L.Lg.U) +
,
.....
Average weekly insured unemployment rate, percent ( U g . U ) ' t § •
Average duration of unemployment in weeks (Lg.Lg.Lg) t
Unemployment rate, 15 weeks and over, percent (Lg.Lg.lg)*
40.2
3.3
472
40.4
3.4
'434
40.8
3.7
'418
40.7
3.7
'399
-41.0
3.8
419
'40.9
'3.7
428
95
95
.342
94
.324
96
.327
92
.330
.322
91
.319
'91
".321
201.65
M99.73
'200.63
'201.64
203.49
203.86
204.76
202.06
202.62
203.34
200.83
201.16
200.40
199.43
200.62
114,728
109,971
114.538
110,160
114,689
110,113
114,558
109,982
114.201
109,761
114,321
109,621
113,759
109,418
113.696
109,160
113,656
108,902
114,243
108,736
113,319
108,887
48.5
437
24,958
62.7
47.8
386
24,937
62.5
45.1
37 2
24,842
62.6
41.4
34 8
24,705
62.4
40.3
30 9
24,481
612
42.0
288
24,375
62.3
38.5
267
24,181
61.9
36.9
312
24,039
61.8
38.6
295
23,877
61.7
38.5
'343
23,794
62.0
51.1
"409
23,847
61.5
45.8
MS 9
23,792
61.6
'51.3
''54.6
'49.7
'23,798
61.5
'23,820
61.3
'23,783
61.6
6.874
5.5
2.4
12.1
12
7,015
5.6
2.4
12.3
1.3
7.087
5.7
2.5
12.4
1.3
7,142
5.7
2.6
12.0
1.3
7,337
5.9
2.7
12.4
1.4
7,600
6.1
2.8
12.4
1.4
7,715
62
2.9
12.4
1.5
8,158
65
3.0
12.8
1.6
•B
8^74
6.6
3.3
13.7
1.8
8,640
6.9
3.3
12.9
1-6
8,745
7.0
3.2
14.2
2.0
8,501
6.8
3.1
13.9
1.9
8,488
6.8
3.0
14.0
1.9
8,442
6.7
3.1
14.0
1.9
'4,143.1
'24
'1,806.9
'3,391.7 '3,397.0
'2,851.9 '2,854.8
'506.4
'504.7
'3,401-2
'2,858.9
'503.8
32
13.0
1.7
113,576 113,474 113,150 113.859
108,885 '108,859 '108,936 '108,960
1.3 Production and Income
50*
49
52
51*
53 •
47 •
73*
74*
124
82*
Output and income:
Gross national product bil. 1982$, AR (C.C.C)
Percent chanqe from previous Quarter AR
Value of goods output bil 1982$ AR (C,C C)
Personal income bi! 1982$ A R ( C C C )
Personal income less transfer payments, bil. 1982$, AR (C,C,C) ....
Wages and salaries in mining, mfg., and construction,
bil 1982$ AR (CCC)
Industrial production indexes 1987=100
Total (C.C.C)
Durable manufactures (C,C C)
Nondurable manufactures (C.L L)
Capacity utilization rates (percent)
Total industry (L.C.U).
Manufacturing (L.C.U) ,
„, -t
„
3,375.9
2,865.5
522.1
4,153.4
-16
1,821.0
3,3832
2,871.0
513.4
3,400.2
2,8832
515.9
110.6
113.8
108.0
109.9
112.5
108.4
108.3
109.9
107.7
83.6
82.8
83.0
82.2
81.6
80.7
4.157.3
1 0
1829.3
3,406.1
2,896.8
532.0
4,170.0
1 4
1,839.7
3,414.9
2,906.6
532.0
3,404.2
2,896.1
529.3
109.2
111.6
107.8
110.5
113.5
108.1
83.0
82.3
83.7
82.9
„„,..,
„
3,372.9
2,837.8
500.4
4,118.9
-5
1,787.5
3,383.3
2,846.4
502.6
3,397.6
2,859.4
505.2
105.0
105.0
105.4
105.5
106.0
105.9
106.4
106.7
106.5
107.3
"107.3
'107.6
108.0
'108.1
'108.5
' 108.0
'108.0
'108.7
'108.1
'108.9
'108.7
79.1
78.0
78.4
772
78.6
77.5
79.1
77.8
79.6
78.3
'80.0
'78.7
'79.8
'78.5
'79.7
'78.7
4.124.1
-28
3,366.9
2,838.3
506.4
1.7975
3,366.5
2,837.0
502.9
3,378.7
2,8452
500.6
107.2
107.5
107.4
106.6
107.2
106.8
105.7
106.1
106.0
80.6
79.4
80.0
78.9
1.4 Consumption, Trade, Orders, and Deliveries
7*
8*
92 •
32 •
57*
75 •
59 •
58
Orders and deliveries:
Mfrs' new orders durable goods bil. 1982$ (L L L)
Mfrs.' new orders, consumer goods and materials, bit.1982$(L,L,L)
Mfrs' unfilled orders durable aoods mil 1982$0
.Change from previous month bil 1982$ ...
.......
Change from previous month, bil. 1982$, smoothed (L,L,L)t
Vendor performance, slower deliveries diffusion index, percent
122
123*
107.54
93.07
422,157
1.59
-25
48.7
95.40
87.67
415,076
-7.08
-1.13
49.9
98.70
83.11
416,085
1.01
-1.35
46.8
96.39
83.95
415,859
-23
-1.34
43.3
96.04
84.84
415,953
.09
-1.13
43.3
91.52
81.94
412,651
-3.30
-1.31
42.4
94.88
87.35
409,051
-3.60
-1.72
45.1
'96.76
'89.50
406,602
-2.45
-2.05
46.0
'98.91
106.62 '102.33
95.46
'93.18
'92.43
'92.85
87.26
402,758 '409,158 '408,963 '405,814
'-3.15
'-.20
-3.84
'6.40
'-.71
'-.82
-2.49
'-1.55
49.7
49.4
47.5
50.8
5,746,859 '488,655 '479.460
108.7
107.8
107.3
1 466 800 "122,353 '121 986
478,691
108.6
121,268
471.024
106.5
121,488
461,198
105.7
118849
457,123
105.6
117,118
459,053
104.7
119,724
457,033
104.7
120 307
465,334
105.5
119815
469205
106.6
120,719
470,536 '474,815 '472.884
108.4
'108.3
'108.0
120666 '121295 '120,148 '120,991
106.54
96.32
420,696
-1.88
.01
50.9
(LLL).
Consumption and trade:
Manufacturing and trade sales, mil. 1982$ (C.C.C)
Index of industrial production, consumer goods, 1987-100 (C.L.C) .
Sales of retail stores, mil. 1982$ (U.L.U)
Indexes of consumer attitudes:
Consumer sentiment, U. of Michigan, 19S6:U1OO, NSA
81.6
76.4
72.8
63.9
66.0
65.5
66.8
70.4
87.7
81.8
78.3
82.1
82.9
82.0
83.0
Consumer expectations, U. of Michigan, 1966:1-100, NSA
70.2
62.9
58.8
50.9
52.8
53.7
552
62.0
84.5
74.7
71.5
75.9
74.4
75.3
76.4
Consumer confidence, The Conference Board, 1985*100 (L,L,L)
Consumer expectations, The Conference Board, 1985-100
(UL.L).
91.5
83.7
84.7
742
85.6
77.7
62.6
55.6
61.7
56.1
61.2
59.8
55.1
55.3
59.4
63.6
81.1
100.7
79.4
99.7
78,4
95.5
78.0
100.9
77.7
100.3
76.1
96.8
72.9
95.4
II
83*
104.35
92.32
420,570
-.13
-.31
49.7
1,251.12
1,106.31
416,085
-25
.76
47.9
[
MK]
1.5 Fixed Capital Investment
12 •
13*
10
20 •
27*
9*
11
97
Formation of business enterprises:
Index of net business formation. 1967-100 (L.L.L)
Number of new business incorporations (L L L)
Business investment commitments:
Contracts and orders for plant and equipment. bil.S (L!,L)
Contracts and orders for plant and equipment bil. 1982$ ( U , 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 .
Newly approved capital appropriations, mfg., bil.$ (U.Lg U)
Backlog of capital appropriations, mfg., bil.$ (C,Lg,Lg)0
120.7
646,625
'119.7
52,382
118.6
52,454
1172
52,181
116.1
51.422
115.2
52,060
115.5
51,991
114.9
50,384
'1142
51,536
115.0
52235
115.7
'52,327
'116.1
'52,071
'114.7
'114.8
453.13
543.45
499.71
713.94
35.64
41.56
38.38
54.43
'38.47
'47.17
43.97
57.76
40.83
47.36
44.52
5326
35.46
42.88
3927
54.97
41.77
47.00
44.46
4625
37.72
45.91
42.94
50.14
37.30
44.32
41.54
54.86
35.03
42.99
40.56
44.82
33.44
'40.82
37.12
51.98
32.07
'4122
38.04
47.11
32.00
'41.33
39.20
36.51
'40.26
'47.61
'44.83
39.12
'34.19
'43.15
'40.65
42.85
146.45
104.96
41.89
36.72
106.34 ,„
,„„„
NOTE.—The following current high values were reached before August 1990: May 1983—BCI-123 (124.3);
November 1 9 8 J - B C I - 3 2 (67.5); March 1984—BCl-58 (101.0). BCI-83 (97.7). BCI-92 change (8.62), and BCI92 smoothed (4.61); September 1985—BCI-9 (93.19); December 1986—BCI-13 (65,691); July 1987—BC1*5
(286); November 1987—BCl-46 (162); October 1988—BCI-53 (568.0); December 1988—BCI-7 (115.44), BCI-8
(99.79), and BCI-60 (0.741); January 1989—BCMO (25,406), BCI-45 (2.0), and BCI-82 (85.1); February 19&9—
BCI-21 (4.0) and B C M 2 2 (120.7); March 1989—BCM2 (126.5), BCI-37 (6,252), and B d - 4 3 (5.1); 1st Q
'33.60
'41.36
'3923
34.69
'34.03
104.96
^ 100.43
1989—BCM1 (50.01); April 1989—BCM (41.2) and BCI-124 (85.0); June 1989—BCI-91 (11.2); 2d Q 1989—
BCI-97 (117.90); August 1989—BCI-59 (124,761); November 1989—BCI-90 (63.1); December 1989—BCI-10
(46.27). BCI-20 (51.59). and B d - 2 7 (46.54); March 1990—BC3-42 (115,038); May 1990—BCI-44 (1.1) and
BCI-92 level (423364); June 1990—BCI-41 (110.435) and BCI-4* (204.94); and July 1990—BC1-51 (2,919.6)
and BCI-52 (3.428 J ) .
See page C-6 for other footnotes.
SURVEY OF CURRENT BUSINESS
October 1991
Series
no.
Year
Series title and timing classification
C-3
1990
1991
••
1990
Aug.
|
Sept.
Oct.
Nov.
Jan.
Dec.
*..
Feb.
Apr.
May
I
June
July
Sepf
Aug.
1. CYCLICAL INDICATORS - Continued
1.5 Fixed Capital Investment—Continued
61
100 •
69 •
76*
66*
87 •
83 •
28 •
29*
89*
Business investment expenditures:
New plant and equipment expenditures by business, bil.S, AR
New plant and equipment expenditures by business,
bil.1982$,AR(C,Lg ) Lg).
Mfrs.f machinery and equipment sales and business construction
expenditures, bil.S, AR (CLg.Lg).
Index of industrial production, business equipment, 1987=100
(CLg.U).
Gross private nonresidential fixed investment, bil. 1982$, AR:
Total (C Lg C)
Structures (Lo Lo LQV
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.LL).
Gross private residential fixed investment, bil. 1982$, AR (L,L.L)
532.61
534.11
53013
535.50
524.57
523.84
520.58
525.41
528.11
521 96
47128
476.42
47420
474.64
465.43
472.58
456.93
463.83
451.72
'459.92
'456.48
'462.64
'448.60
"452.37
123.1
125.4
126.4
125.4
122.9
121.2
121.6
120.6
120.3
121.3
121.7
'121.9
'122.6
M21.8
515.4
1209
394.6
519.3
1224
397,0
1,193
89.5
1,131
84.1
176.8
173.0
519.4
1164
403.1
1,106
7B.9
1,026
73.8
1.130
73.0
496.8
1137
3831
971
68.1
847
64.0
163.3
992
69.9
-53953
-538.31
"506.5
"101 8
"404.7
498.5
1095
389.0
907
71.1
977
72.8
983
77.0
151.8
152.4
-25.0
-38.9
-33.3
-622
"122.9
1,034
79.7
'1,049
80.1
'1,056
76.0
"1,033
78.3
"159.7
1.6 Inventories and Inventory Investment
Inventory investment:
Change in business inventories, bil. 1982$, AR (L,L.L)
Change in mfg. and trade inventories, bil.S, AR (L,L,L)
-3.6
16.7
Inventories on hand:
Mfg. and trade inventories, bil. 1982$ (Lg.Lg.Lg) 0
Ratio, mfg. and trade inventories to sales in 1982$ (Lg.Lg.Lg) .
4.7
'47.9
699.18
1.43
39.2
-26.4
24.6
697.82
697.98
54.0
1.50
'1.46
695.51
1.52
-55.3
687.70
150
687.21
1.48
883.63
680.76
1.45
'-3.6
"-15.1
"-7.S
"679.64
1.7 Prices, Costs, and Profits
99*
98
Sensitive commodity prices:
Index of sensitive materials prices, 1982=100 ....
Percent change from previous month ..
Percent change from p'ev'ous ™o"t h , smoothed (L L L) t
Index of producer prices for sensitive crude and intermediate
126.34
-18
-.27
140.43
128.04
.30
14159
127.79
-20
.29
142.33
126.53
-.99
.11
141.13
124.31
- 1 75
-.25
139.33
123.91
-.32
-.47
139.16
123.38
-43
-.59
138.36
122.75
-.51
-.65
137.63
121.60
-94
-.72
136.42
12123
-.30
-.71
136.32
'12123
'0
'-.61
'137.10
119.80
'-1.1B
'-.62
136.54
119.43
-31
-.59
136.70
"118.13
'-1.09
-.64
134.29
116 62
-128
-.75
134.66
217.8
129.7
1042
86.9
166.0
1662
181.5
172.7
158.3
125.5
118.1
89.6
310.7
220.1
129.9
105.6
89.0
152.9
174.4
198.8
177.6
168.4
125.7
119.9
81.7
321.1
215.3
129.3
100.6
82.1
151.5
174.6
196.0
184.1
172.4
125.9
119.3
79.6
320.0
210.8
127.8
95.4
81.3
165.6
170.6
191.4
191.7
166.0
126.0
121.3
78.0
313.9
212.3
127.4
94.4
81.9
171.1
167.5
177.3
179.4
156.1
126.5
119.6
75.8
3032
205.4
128.0
105.8
81.5
189.9
1647
176.0
171.8
146.8
126.4
124.9
75.3
3012
203.5
128.6
1062
75.2
189.1
158.5
1762
168.9
146.8
127.0
1202
75.5
298.6
196.4
127.6
108.3
74.5
188.8
152.9
180.9
167.3
146.4
128.6
134.3
•66.8
293.9
185.4
127.7
115.1
75.3
184.6
150.1
175.9
160.3
146.1
128.4
1325
58.0
292.4
- 1842
128.4
115.4
76.3
179.9
150.2
173.7
152.3
1442
128.1
134.0
56.3
294.7
'173.8
'131.5
'112.8
'74.8
M762
'148.9
'172.0
'140.3
'140.5
'128.1
136.3
65.7
290.2
170.9
135.8
105.7
57.3
158.5
137.6
168.1
130.0
132.4
128.1
123.8
752
285.4
162.0
135.9
95.4
57.5
144.5
141.3
169.3
138.1
133.7
128.6
1152
78.5
279.8
162.3
132.8
95.8
57.1
138.5
1412
169.7
140.4
132.8
128.9
102.0
72.0
276.9
154.8
133.0
91.8
52.6
140.9
146.4
162.9
137.4
1302
129.1
105.7
73.7
271.9
.904
.234
107.646
3.462
.777
.287
.712
.741
4.893
1.021
63.121
.464
.133
1.084
.263
111.765
3.495
.831
288
.756
.740
5.000
1.011
64.483
.460
.128
.990
256
111.881
3.390
.810
.735
.778
5250
.975
64.090
.482
.129
.890
236
106.195
3.608
.728
.288
.739
.790
5240
.947
61.934
.475
.136
.851
.193
105.316
3.548
.700
288
.727
.790
4.712
.930
59.901
.483
.138
.823
.184
106.339
3.328
.700
.288
.723
.801
4.600
.942
59.140
.490
.139
.859
.179
100.873
3292
.700
288
.736
.798
4.600
.915
59.062
.483
.133
.916
.181
99.902
3.252
.652
288
.822
.782
4.600
.858
58.766
.484
.124
.889
.193
100.200
3202
.620
288
.795
.810
4.312
.868
58.997
.492
.132
.886
.192
99.001
3.224
.620
288
.795
.810
4260
.958
61.538
.453
.135
.826
.180
95.286
3282
.620
288
.809
.820
4.300
.992
59.701
.449
.121
346
.148
90.292
3.285
.620
288
.736
.832
4.525
.965
60.362
.446
.117
.865
.129
89749
3.506
.620
.288
.678
.850
4.270
.880
61.350
.427
.124
.863
.126
91.707
3.645
.598
284
.642
.855
3.962
.772
61.856
.431
.144
.811
.123
95.755
3.628
.518
.272
.639
.880
3.852
.742
61287
.437
.137
1392
5.8
5.9
140.4
7.1
6.3
141.1
6.1
6.4
141.6
4.3
62
142.1
4.3
5.9
142.7
52
143.9
10.6
6.0
144.6
6.0
6.3
144.9
Z5
6.0
145.1
1.7
5.2
145.5
3.4
4.5
145.8
2.5
3.8
146.4
5.1
3.6
146.8
3.3
3.4
147.6
6.7
5.5
334.59
330.75
315.41
307.12
31529
328.75
325.49
36226
37228
379.68
377.99
378.29
38023
389.40
38720
172.5
136 3
A.S
179.4
141.8
4.8
M042
'0
'2.9
'103.7
"-5.6
M.O
"104.4
8.4
"103.9
"-5.6
"-.1
.36
materials 1QA9 1(Yl (I I \\
23*
120 •
19 •
16*
18*
22*
81 •
26 •
35
63
62 •
maienais, iyoc=iuu (L,L,LJ
Cattle hides
Lumber and wood products
Wastepaper, news
Wastepaper, mixed, NSA
Wastepaper, corrugated
Iron and steel scrap
Copper base scrap
Aluminum base scrap
Other nonferrous scrap n e e , NSA
Sand, gravel, and crushed stone
Raw cotton
Domestic apparel wool
Index of spot market prices, raw industrial materials, 1967-100
NSA fu L U © '
Copper scrap, $ per Ib ©
Lead scrap, $ per ib ©
Steel scrap, $ per ton©
Ttn, $ p e r l b . . N S A ©
Zinc, $ per Ib., NSA©
Burlap, $ per yd., NSA©
Cotton, $ per b . ©
Print cloth, $ per y d , NSA©
Wool tops. $ per Ib, NSA©
Hides. $ per to., NSA©
Rosin, $ per 100 !b ©
Rubber, $ per Ib. ©
Tallow, $ per Ib.©
Consumer Price Index for services, 1982-84=100
Percent change from previous month. AR
Percent change from previous month, AR, smoothed (Lg.Lg.Lg) t
index of stock prices, 500 common stocks, 1941-43=10, NSA
(L,L,L).
Profits and profit margins:
Corporate profits after tax, bil.$, AR (L.L.L)
Corporate profits after tax, bil. 1982$, AR [IXX)
Ratio, corporate domestic profits after tax to corporate domestic
income, percent (L,L,L).
Ratio coroorate domestic orofits after tax with IVA and CCAdi to
corporate domestic income, percent (U.L.L).
Ratio, implicit price deflator to unit labor cost, all persons,
nonfarm business sector. 1982-100 ( U , L ) .
Coroorate net cash flow bil. 1982$ AR {L L U
Unit labor costs:
Index of unit labor cost all persons, business sector, 1982=100
(\ n 1 n I ri\
lL.g,Lg,i_gj.
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.
288
4.3
4.1
37
41
42
103.5
103.5
103.0
1032
103.1
391.1
395.9
393.6
3843
3874
123.1
123.7
1252
126.4
101.8
2.9
.3
101.4
-1.2
-.2
101.4
0
-.4
101.5
12
—.;
Nan.—The following current high values were reached before August 1990: November 1983—BCI-99
smoothed (2.09); February 1984—BCI-28 (2,260) and BCI-29 (158.5); 1st Q 1984—BCI-22 (6.9) and BCI-30
(83.4); 2d Q 1985—BCI-87 (151.4); 3d Q 1985—BCI-81 (8.6); March 1986-BCI-77 (1.58); October 1986—
BCI-99 change (3.37); 4th Q 1986—BCI-89 (200.3); 3d Q 1988—BCI-35 (433.1); December 1988—BC1-31
160.6
120 6
A.Q
1664
126.5
3.9
177.6
1385
4.3
101.8
1042
32.3
5.0
103.5
-7.8
6.0
103.7
2.3
6.1
3.8
127.7
104.3
72
6.3
104.2
-1.1
5.4
1042
0
42
r (
(98.6); 4th Q 1988—BCI-16 (189.1), BCI-18 (163.8), and BCI-26 (104.6); March 1989—BCI-99 index (135.82);
April 1989—BCI-23 (335.0); November 1989—BCI-70 (705.14); and February 1990—BCl-69 (484.43).
See page C-6 for other footnotes.
SURVEY OF CURRENT BUSINESS
C-4
Year
Series
no.
October 1991
1990
1991
Series title and timing classification
1990
Aug.
Sept
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
1.17
.70
597.4
2,396.6
.79
.62
602.6
2,413.1
-.11
.25
600.6
2,413.9
1.13
.38
605,7
2,416.2
.14
609.2
2,414.5
1.405
6.597
1.409
-110.18
14.15
-4.1
-65.81
-15.97
-6.3
July
Aug.
Sept.*
1. CYCLICAL INDICATORS- Continued
1.8 Money and Credit
Money:
Percent change in money supply M1 (L.L.L)
Percent change in money supply M2 (L,C,U)
Money supply M l , bil. 1982$ (L.U)
Money supply M2, bil. 1982$ (L.L.L)
Velocity of money:
Ratio, gross national product to money suppy Ml (C,C,C}
Ratio, personal income to money supply M2 (C,Lg,C)
Credit flows:
Net change in business loans. bil.S. AR (L,L,L)
Net change in consumer installment credit, bil.S. AR (L.L.L)
Percent change in business and consumer credit outstanding,
AR (UL.L).
Funds raised by private nonfinancial borrowers in credit markets,
mil.$, AR (L,L,L).
Credit difficulties:
Current liabilities of business failures, mil.$, NSA (L.L.L) $
Percent of consumer installment loans delinquent 30 days and
over(LL,L)0t
,33
.27
599.6
2,431.0
.72
.43
598.6
2,426.5
6.729
1.411
6.756
1.413
16.46
1624
-1.0
4255
13.13
-.9
390,311
401,204
59,836.4
2.57
Bank reserves:
Free reserves, mit.$, NSA (L,U.U) *
Member bank borrowings from the Federal Reserve, mil.$. NSA
.65
.37
598.1
2,417.6
55.44
20.44
-4.4
-.07
.09
594.2
2,405.7
-23.58
-1.37
-1.1
.26
-.02
593.6
2,396.5
26
.13
593.4
2,392.7
6.714
1.419
1.425
-41.34
11.75
-5.5
-54.52
-15.72
-10.6
.16
.11
591.8
2,385.0
6.653
1.411
21.22
-25.67
-3.8
257,376
192,024
'5,973.9 '4,017.2
2.56
2.43
927
49.18
-3.84
-2.2
-43.46
-2.41
'-1.5
'4.473.0 ' 3,591.9 "4,676.5 "10,242.8
2.47
2.53
257
2.47
741
230
1,361
326
1,662
534
1,590
252
'.78
'.02
611.8
'2,395.8
".46
'-,01
'612.5
'2,387.3
"6.553
'-56.14
-20.38
'-8.5
'5.99 '-127.18
'-7.55 '-15.49
'-13.5
-9.0
"167,900
11,997.2 ' 7,317.7 '5,069.1
2.65
2.67
2.53
455
410
M4
'-.30
'608.8
'2,402.1
1
12248.0 '4,930.5
2.65
2.73
231
815
303
676
340
345
607
5.78
5.51
'9.13
8.33
6.95
9.62
8.50
5.90
5.60
9.37
8.54
7.13
9.71
8.50
5.82
5.58
9.38
8.50
7.05
9.59
8.50
"586
'645
(Ug,U).
Interest rates (percent, NSA):
Federal funds rate (L.Lg.Lg)
Discount rate en new issues of 9Hiay Treasury bills {C.Lg.Lg) .
Yield on new issues of high-grade corporate bonds (Lg.Lg.Lg) ...
Yield on long-term Treasury bonds (C.Lg.Lg)
Yield on municipal bonds, 20-bond average (U.Lg.Lg)
Secondary market yields on FHA mortgages (Lg.Lg.Lg)
Average prime rate charged by banks (Lg.Lg.Lg)
Outstanding debt:
Consumer installment credit outstanding, mil.S (Lg.Lg.Lg)0
Commercial and industrial loans outstanding, mil.$, (LgXgXg) ...
Commercial and industrial loans outstanding, mil. 1982$
(Lg.Lg.Lg).
Ratio, consumer installment credit outstanding to personal
income, percent (Lg.Lg.Lg).
8.10
7.51
9.84
8.73
7.27
10.17
10.01
8.13
7.44
10.05
8.97
7.32
1028
10.00
8.20
7.38
10.17
9.11
7.43
10.24
10.00
8.11
7.19
10.09
8.93
7.49
10.23
10.00
7.81
7.07
9.79
8.60
7.18
9.81
10.00
7.31
6.81
9.55
8.31
7.09
9.66
10.00
6.91
6.30
9.60
8.33
7.08
9.58
9.52
6.25
5.95
9.14
8.12
6.91
9.57
9.05
6.12
5.91
••9.14
8.38
7.10
9.61
9.00
5.91
5.67
9.07
829
7.02
9.61
9.00
735,102
467,049
401,717
733,844
472,282
405,392
735.547
476,902
402,789
735,433
474,937
393,160
736,411
471,492
392,583
735,102
466,949
393,386
732,962
468,717
732,762
465,095
396,839
732,442
469,193
403,781
733.621
460,011
396.561
15.74
15.70
15.52
15.48
15.42
15.43
237.9
202.9
238.0
'204.9
233.2
199.1
2352
197.5
2352
199.0
238.4
200.4
15.66
732,289 730,591
454,527 '449,849
390,152 '386,801
5.66
5.39
8.88
8.17
6.90
9.14
8.50
5.45
5.25
8.79
7.96
6.80
9.06
8.20
' 729,962 "728,671
r
450,348 '439,750 "438,138
r
388,231 '378,442 '377,705
1.9 Alternative Composite Indexes
CIBCR long-leading composite index, 1967=100' §
CIBCR short-leading composite index, 1967=100' §
203.9
2022
199.7
234.7
199.8
240.1
202.8
'241.8
'204.8
'242.8
'208.4
'241.5
208.1
'242.9
"210.5
2. OTHER IMPORTANT ECONOMIC MEASURES
2.1 Savings
290
295
292
298 •
293*
Gross saving, bil.S, AR
Business saving, bi! $, AR
Personal saving bil $ AR
.
Government surplus or deficit bil.$, AR
Personal saving rate, percent
657.3
665.9
605 8
607.8
166 5
1801
-130 6 • -106.4
42
4.6
6192
610 3
1675
-158 6
4.2
6971
6251
1687 " "
968
42
"
649.1
624 9
1702
-146 0
42
'1577
136 3
'136.9
'3.8
2.2 Prices, Wag es, and Productivity
Price Movements
310
311
•
320
323
*
336
337
•
334
333
332
331
Implicit price deflator for gross national product, 1982=100
Percent change from previous quarter, AR
Fixed-weighted price index, gross domestic business product,
1982=100.
Percent change from previous quarter, AR
Consumer Price Indexes for all urban consumers
All items, 1982-84=100, NSA ...
Percent change over 1-month span
Percent change over 6-month span AR
All items less food and energy, 1982 84=100
Percent change over 1-month span
Percent change over 6-month span, AR
Producer Price Indexes:
Finished goods, 1982=100
Percent change over 1-month span
Percent change over 6-month span, AR
Finished goods less foods and energy 1982*100
Percent change over 1-month span
Percent change over 6-month span, AR .
Finished consumer goods, 1982«1OO
Percent change over 1-month span
Percent change over 6-month span, AR
Capital equipment 1982*100....
Percent cringe over 1-month span
Percent change over 6-month span AR
Intermediate materials, supplies, and components, 1982=100
Percent change over 1-month span
Percent change over 6-month span, AR
Crude materials for further processing, 1982=100 .
Percent change over 1-month span
Percent change over 6-month span, AR
131.5
4.1
133.3
.
1322
37
133.9
45
4.1
130.7
.5
5.8
135.5
.4
5.4
131.6
.8
136.7
,5
5.3
1192
.5
5.1
126.6
119.3
1.1
9.0
127.1
3.8
118.2
.5
5.7
122.9
.3
3.5
114.5
.4
3.7
108.9
.6
6.4
3.5
118.3
1.5
10.9
123.4
.3
3.6
114.3
1.3
9.4
1102
9.1
30.1
72
133.1
2.8
135.4
47
132.7
.8
6.6
137.3
.4
4.9
133.5
.6
6.7
137.7
.3
5.5
133.8
.3
5.4
138.1
120.8
1.3
82
127.5
.3
3.5
1202
1.6
9.5
123.8
.3
3.5
116.1
1.6
8.0
115.6
4.9
22.2
122.3
12
7.6
127.8
122.8
.4
3.7
128.4
.5
4.5
122.6
.4
3.8
124.4
2
4.1
118.1
4.5
122.1
1.6
8.8
124.1
2
4.4
117.9
1.6
6.9
125.4
8.5
25.6
NOTE.—The following current high values were reached before August 1990: January 1983—BCM02 (2.79);
July 1983—BCM4 (829.2); February 1984-BCI-39 (1.78); May 1984—BCI-93 ( - 2 , 3 8 0 ) and BCM18 (15.01);
June 19S4—BCI-lll (23.2), B C M 1 5 (13.OO), BC1-116 (14.49), and BCM17 (10.67); August 1984—BCt-94
(8.017), B C M 0 9 (13.00), BCI-1I4 (10.49), and BCI-119 (11.64); 4th Q 1984—BCI-107 (7.029); September
1348
b.9
25
117.6
-6.2
-10.1
52
45
'18
136.9
137.9
'1385
135.6
.3
22
141.5
.2
3.3
136.0
2
31
142.0
.4
3.9
136.2
.2
136.6
.2
137.2
.4
142.5
.4
143.0
.4
143.6
.4
'121.9
121.4
'-.4
5
130.7
'-2
1 5
120.0
'-.6
3
126.6
M
1 3
114.0
.1
-5
99.0
'-1.7
-5.3
121.1
-2
121.4
2
121.5
.1
131.0
.2
131.3
2
131.3
0
119.6
-.3
120.1
.4
120.1
0
126.7
.1
126.8
.1
127.0
113.7
-.3
114.1
.4
1142
.1
99.2
2
992
0
98.3
-.9
134.6
.4
29
139.7
.8
5.1
134.8
2
29
140.7
.7
5.0
135.0
-.1
27
140.9
.1
5.0
135.2
122.3
-.4
7
12S.6
.2
4.4
121.7
-.7
-.5
124.8
.3
39
1172
-.8
-2.7
111.2
-5.4
-23.7
122.4
.1
-16
129.6
.8
4.1
121.6
-.1
-3.1
* 125.7
121.5
-.7
'-1 5
129.9
2
'3.9
120.5
-.9
'-3.1
125.9
.2
'34
115.7
-.8
-70
104.5
-7.7
'-26.7
121.2
-2
-1 5
130.3
.3
33
119.9
-.5
-28
1262
121.3
.1
-21
130.4
.1
-2
'130.9
'.4
22
22
120.2
M20.7
'.4
_7
' 126.5
32
116.6
-65
113.2
1.8
-35.6
'1.6
29
46
133.8
.3
3.7
138.6
.4
5.3
29
114.5
-1.0
-54
101.0
-3.3
-20.7
22
1412
2
4.0
-33
12S.1
-.1
1 6
114.0
-.4
-49
100.6
-.4
-23.2
1 4
1135
-.1
-27
'100.7
'.1
-9.9
1985—BCM13 (132.08); 4th Q 1985—BCI-110 (869,764); December 1986—BCI-85 (2.49); May
1987-
BCM05 (637.9); May 1988—BCM06 (2,472.3); October 1989—BCI-95 (16.06); and March 1990—BCI-101
(409,697) and BCI-112 (131.06).
Sec page C-6 for other footnotes.
SURVEY OF CURRENT BUSINESS
October 1991
Series
no.
Year
0-5
1990
1991
Series title and timing classification
1990
Aug.
|
Sept.
|
Oct.
Nov.
|
Dec.
Jan.
Feb.
I Mar. I Apr. May
Aug.
July
Oun.
Sept*
2. OTHER IMPORTANT ECONOMIC MEASURES - Continued
2.2 Prices, Wages, and Productivity — Continued
Wages and Productivity
346
370
4
•
358
index of average hourly compensation, all employees, nonfarm
business sector, 1982=100.
Percent change from previous quarter, AR
Index of real average hourly compensation, all employees, nonfarm
business sector, 1982=100.
Percent change from previous quarter, AR
Index of output per hour, all persons, business sector, 1982=100 ...
Percent change over 1-quarter span, AR
Percent change over 4-quarter span, AR
Index of output per hour, all persons, nonfarm business sector,
1982-100.
135.8
137.8
139.1
3.8
101.0
5.0
101.1
3.8
100.3
-1.5
112.4
-.4
.1
111.2
-1.8
112.7
.9
2
111.5
-3.0
112.3
-1.2
0
1115
124,787
117.914
124,705
117,690
124,970
117,883
124,875
117,733
124,723
117,386
125,174
117,574
124,638
116.922
125,076
116,918
125.326
116,754
125,672
117,398
125.232
116,591
125,629
116,884
125.214
116,712
124,904
116,416
125,607
117,165
778
57.9
53.7
77.7
58.1
51.3
77.9
57.9
53.1
778
57.7
53.0
77.8
57.5
52.4
779
57.8
52.8
773
57.6
53.0
77.4
57.8
53.3
776
57.8
53.6
77.7
58.1
52.6
774
57.8
52.2
775
582
512
774
57.9
50.0
772
57.8
48.5
775
57.8
51.5
MM! i S 1
345
140.5
142.1
42
1005
45
1011
6
1123
0
24
1124
3
iTu
1114
•
"
:::::::::
"
2.3 Labor Force and Employment
441
442
451
452
453
Civilian labor force thous
Civifian 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
........
.,
2.4 Government Activities
517
525
543
548
557
570
564*
Defense indicators:
Defense Department gross obligations incurred. mi!.$
Defense Department prime contract awards, mil.S
Defense Department gross unpaid obligations outstanding,
mil.$ C\
Manufacturers' new orders, defense products, mil.S
Index of industrial production, defense and space equipment,
1987*100.
Employment, defense products industries, thous
Federal Government purchases of goods and services, national
defense, bil.S, AR.
131,796
14,077
32,664
13,458
212,396
93.458
97.3
8,499
97.7
7,745
97.3
1,230
313.6
1223
312.6
1,216
393,576
38,753
83,098
495,310
60,884
70,527
389,550
497 665
108,115
32,514
3.223
6.767
41.868
4,365
6,179
96638
125398
-28,760
26,637 "29.150
4,262
8,117
204.677 "196282
8,202
19,434
13,411
11,480
6,041
14,379
10,276
9.355
"10201
7,515
97.3
5.044
96.2
6,844
95.8
7,683
94.4
7,922
94.5
6,692
93.9
7,790
92.5
9,531
91.5
8231
91.0
'9.385
'902
'10.807
'89.9
1,207
1,196
325,0
1,192
1,187
1,173
3312
1,167
1,157
1,148
325.7
1.137
1,128
"1,127
"3187
34.144
2,906
7,069
41,520
5.385
5,904
33,599
3,300
6,977
39,103
3,846
5.311
100,900
119294
-18,394
34,030
3,081
6,947
38,100
3,872
5,544
35,632
3,045
7,732
40,139
4.054
5,445
35,270
3,070
7,440
40.062
4.100
5,037
"104,108
"119732
"-15*24
34,974
2,929
7,439
38,764
4,160
5,426
'35,225
3,333
7,555
'41.176
3.786
5,787
34,164
3,140
7,258
40,923
4,385
6,567
105.5
M10
123.3
'118
110
99
104.2
'96.5
106.4
M10
126.0
117
109
98
105.5
'972
107.3
"112
122.8
121
108.0
'108.0
'126.6
119
"123.3
"118
"5,527
"89.2
2.5 U.S. International Transactions
Exports, excluding military aid shipments, mil.S
Exports of domestic agricultural products, mil.$ ...
Exports of nonelectrical machinery, mil.S
General imports, mll.$ ..-.
Imports of petroleum and petroleum products, mil.S
Imports of automobiles and parts, mil.S
Merchandise exports, adjusted, excluding military, mil.S 1
Merchandise imports, adjusted, excluding military, mil.S 1
Balance on merchandise trade, mil.$ J
32 229
3,021
6,912
41,315
6,502
5,999
34,630
3,047
7,254
44.527
6,927
6,567
33.586
3,158
6,774
43,123
6,332
5,993
100,580
128 308
-21728
33,570
2,858
6,927
39,894
5,353
5,475
I"".!"!".
2.6 International Comparisons
Industrial Production Indexes (1987=100)
United States
OECD, European countries 2
japan
Federal Republic of Germany
France
United Kingdom
Italy
Canada
. . .
109.9
111
125.6
117
110
102
108.4
109.2
111
121.3
114
109
103
110.2
100.7
110.5
111
122.9
116
112
102
110.7
1012
110.6
111
122.4
117
110
102
111.7
130.7
5.8
111.4
4.0
112.1
2.9
133.1
3.5
1482
9.4
159.5
. 6.5
135.4
5.7
131.6
72
111.4
4.4
1122
4.0
133.7
44
150.5
6.6
160,3
7.5
135.8
5.9
132.7
6.6
112.4
4.9
112.6
4.1
151.9
6.3
161.2
7.1
136.3
5.3
6.7
113.9
6.8
113.4
3.8
135.2
4.3
153.1
6.1
162.6
7.1
137.4
10.3
364.0
1,974.9
835.0
1.043.0
409.1
386.6
359.8
1,833.0
348.9
796.5
1,030.1
387.9
378.1
343.1
1,644.4
308.8
714.6
971.1
354.4
357.0
334.1
1,592.1
297.8
726.8
974.1
338.4
348.2
86.55
86.10
144.82
1.6159
5.4449
.5630
1,198.05
1.1670
147.46
1.5702
5.2680
.5260
1,157.07
1.1448
138.44
1.5701
52575
.5321
1,172,87
1.1583
99.3
108.3
110
124.3
116
108
100
107.7
97.3
107.2
110
123.8
• 116
106
100
110.5
96.4
106.6
111
125.8
119
110
99
109.6
96.4
105.7
111
125.7
118
109
101
109.3
95.3
105.0
'109
133.8
5.4
113.5
5T4
1132
32
135.0
133.8
3.7
1132
5.1
113.3
2.1
134.9
2.2
152.6
3.8
1642
6.8
138.1
134.6
2.9
114.1
2.0
114.0
12
135.5
1.6
153.0
2.9
165.4
6.6
141.7
7.7
134.8
135.0
2.7
114.3
2.1
1142
3.4
135.8
2.4
154.4
5.0
167.4
6.8
142.3
72
135.2
22
114.8
.3
114.7
135.6
22
115.4
1.0
1152
5.0
135.3
'25
156.4
5.1
136.6
354.1
1,542.4
280.5
694.7
969.3
289.1
369.8
394.1
1.696.8
300.8
740.0
1,047.6
318.0
3912
405.0
1,785.2
314.8
822.6
1,137.9
336.5
395.0
413.0
1,8032
324.2
820.
1.168.0
342.0
392.0
91.41
92.29
95.18
95.19
93.41
91.18
137.39
1.6122
5.4862
.5490
1201.96
1.1572
137.11
1.7027
5.7540
.5715
1261.5:
1.1535
138.22
1.7199
5.8282
.5601
1,275.67
1.1499
139.75
1.7828
6.0483
.6062
1,325.09
1.1439
137.83
1.7852
6.0596
.6056
1,329.55
1.1493
136.82
1.7435
5.9244
.5938
1,303.3'
1.1452
134.30
1.6933
5.7621
.5792
126625
1.1370
123.0
118
106
101
109.1
95.0
"108.1
"109
'102
'97.5
"106.7
"98.0
136.0
1362
'111.4
Consumer Price Indexes (1982-84=100)
United States, NSA
Percent change over 6-month span, AR
Japan, NSA
Percent change over 6-month span, AR .
Federal Republic of Germany. NSA
Percent change over 6-month span. AR
France, NSA
Percent change over 6-month span, AR
United Kingdom, NSA ...
Percent change over 6-month span, AR
Italy, NSA
Percent change over 6-month span, AR
Canada, NSA
Percent change over 6-month span, AR . „
3.6
134.4
133.5
3.6
152.7
4.8
163.6
7.1
13S.2
9.5
2.9
113.8
2.3
114.3
2.1
135.7
2.1
153.8
4.8
167.0
6.5
141.7
6.6
4.9
1682
6.1
142.3
1.6
2.4
156.9
4.6
168.8
5.6
143.0
2.6
3.1
136.6
"115.0
137.2
114.9
115.8
116.8
"*13S.9
137.7
157.6
157.6
4.3
169.7
5.5
143.
2.1
"169.9
170.4
. . _
143.9
158.1
143.7
Stock Price Indexes (1967=100, NSA)
United States
'........
japan
,
„
federal Republic of Germany
France
•....
United Kingdom
| t a ty
Canada ....!
Z
....
„
355.6
343.0
1,5722
292.4
713.9
969.3
3022
356.0
357.6
1,579.4
299.9
719.4
993.4
312.9
363.0
83.43
82.12
83.35
83.51
82.12
129.59
1.5238
5.1032
.5140
1,141.62
1.1600
12922
1.4857
5.0020
.5091
1.117.04
1.1635
1.4982
5.0895
.5203
1,12926
1.1603
133.70
1.5091
5.1253
.5169
1,134.38
1.1560
130.54
1.4805
5.0398
.5091
1,111.19
1.1549
411
1,7762
327.9
1,155.9
331.6
400.7
411.5
1,712.1
339.3
810.1
1,155.9
"343.0
391.6
4136
4212
423.6
1,639.9
1,612.8
1,593.0
329.1
326.3 "327.8
871.7
810.1
832.6
1,168.0 "1212.1 " 1 , 2 2 6 8
"323/
"318.9
325.8
400.0
397.5
382.8
Exchange Rates
Exchange value of U.S. dollar, index: March 1973=100, 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)
.""
See footnotes on page C-6.
C-6
SURVEY OF CURRENT BUSINESS
October 1991
FOOTNOTES FOR PAGES C-l THROUGH C-5
a
AR
c
©
e
•
Anticipated.
Annual rate.
Corrected.
Copyrighted.
Estimated.
Available data for later period(s) listed in notes.
NSA
P
r
•
§
o
Not seasonally adjusted.
Preliminary.
Revised.
Graph included for this series.
Major revision-see notes.
End of period.
L,C,Lg,U Cyclical indicator series are classified as L (leading), C (coincident), Lg (lagging), or U (unclassified) at reference cycle peaks, troughs, and overall.
Series classifications are shown in parentheses following the series titles.
± Cyclical indicator series denoted by $ are inverted (i.e., the sign is reversed) for cyclical analysis calculations, including classifications, contributions to
composite indexes, and current high values,
f
Cyclical indicator series denoted by f are smoothed by an autoregressive-moving-average filter developed by Statistics Canada.
For information on composite indexes and other concepts used in this section, see "Composite Indexes of Leading, Coincident, and Lagging Indicators" in
the November 1987 SURVEY OF CURRENT BUSINESS and "Business Cycle Indicators: Revised Composite Indexes" in the January 1989 SURVEY.
References to series in this section use the prefix "BCI-" followed by the series number. Unless otherwise noted, series are seasonally adjusted.
Percent change data are centered within the spans: 1-month changes are placed in the ending month, 3-month changes are placed in the 3d month, 6-month
changes are placed in the 4th month, 1-quarter changes are placed in the ending quarter, and 4-quarter changes are placed in the 3d quarter.
Diffusion indexes are defined as the percent of components rising plus one-half of the percent of components unchanged. Diffusion index data are centered
within the spans: 1-month indexes are placed in the ending month and 6-month indexes are placed in the 4th month.
High values reached by cyclical indicators since the last reference cycle trough (November 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 C-47 and C-48.
Page C-l
Page C-3
NOTE.—Major data revisions: The composite indexes (BCI-910, -920, -930, and -940), their
percent changes, and the contributions of their components have been revised from 1986 forward
to incorporate revised data for component series. These revisions do not involve changes in
the components of the indexes or changes in the standardization or trend factors. In addition,
the diffusion indexes based on the composite index components (BCI-950, -951, and -952) have
been recomputed from 1986 forward. Historical data for these composite and diffusion indexes
and their components are shown on pages C-25 through C-44. For further information, contact
the U.S. Department of Commerce, Bureau of Economic Analysis, Business Outlook Division,
Washington, DC 20230.
1. A component's contribution measures its impact, in percentage points, on the percent
change in the index. Each month, the sum of the contributions plus the trend adjustment factor
equals (except for rounding differences) the index's percent change from the previous month.
The trend adjustment factors are 0.142 for the leading index, —0.186 for the coincident index,
and 0.030 for the lagging index.
2. Excludes BCI-57, for which data are not available.
3. Excludes BCI-77 and BCL95, for which data are not available.
* Preliminary October values; BCI-23 = 271.9, BCI-19 *= 386.33; anticipated 4th quarter
values: BCI-61 = 540.91 and BCM00 « 541.15.
1. Copyrighted. This series may not be reproduced without written permission from
Commodity Research Bureau, Inc., 75 Wall Street, 22d Floor, New York, NY 10005.
Page C-4
NOTE.—Major data revision: CIBCR long-leading and short-leading composite indexes (BCI990 and BCI-991) have been revised by the source agency from 1986 forward to incorporate
revised data for component series. For further information, contact the source. (See footnote 1
for address.)
* Preliminary October values: BCI-85 ^= 0.87, BCI-119 = 5.26, BCI-114 = 5.04, BCI-116 =
8.83, BCI-115 - 7.88, BCM17 = 6.68, and BCI-109 = 8.00.
1. This index is compiled by the Center for International Business Cycle Research (CIBCR),
Graduate School of Business, Columbia University, New York, NY 10027.
^
Page C-2
NOTE.—Major data revision: Series on average weekly initial claims for unemployment insurance (BC1-5) and average weekly insured unemployment rate (BCI-45) have been revised by
the source agency from 1986 forward to reflect updating of the basic data. For further information, contact the U.S. Department of Labor, Employment and Training Administration, Office of
Administration Management, Washington, DC 20210.
* Preliminary October values: B C M 2 2 = 60.4 and BCI-123 ~ 79.6.
1. Data exclude Puerto Rico, which is included in figures published by the source agency.
2. Copyrighted. This series may not be reproduced without written permission from the
University of Michigan, Survey Research Center, P.O. Box 1248, Arm Arbor, MI 48106-1248.
3. Copyrighted. This series may not be reproduced without written permission from McGrawHill Information Systems Company, F.W. Dodge Division, 1221 Avenue of the Americas, New
York, NY 10020.
Page C-5
* Preliminary October values: BCI-19 = 420.2, BCI-748 = 1,721.0, BCI-745 » 317.9, BCI746 = 862.1, BCI-742 = 1,182.6, BCI-747 = 310.5, BCI-743 = 380.9, BCI-750 = 90.72, BCI-758
= 130.68, BCI-755 = 1.6902, BCI-756 = 5.7594, BCI-752 *= 0.5807, BCI-757 = 1,263.78, and
BCI-753 = 1.1290.
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).
October 1991
SURVEY OF CURRENT BUSINESS
CYCLICAL INDICATORS
Composite Indexes
Aug. Apr. Apr
P T
P
Jan. July July Nov.
P T 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 indteate 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
SURVEY OF CURRENT BUSINESS
October 1991
CYCLICAL INDICATORS
Composite Indexes: Rates of Change
Aug. Apr.
P
T
Dec. Nov.
Apr. Feb.
P
P
T
T
Nov.
Mar.
P
T
Jan. July July
P T
P
Nov.
T
Ptrcent change at annual rate
910c. Composite index of 11 leading indicators
1-month span
3-month span
—
920c. Composite index of 4 coincident indicators
930c. Composite index of 7 tagging indicators
Composite Indexes: Diffusion
Percent of components rising
950. Diffusion index of 11 hiding indicator components
1-month sptti——
6-month span
100-j
50-
0-
951. Diffusion Index of 4 coincident indicator components
I13B
100-
VRl
ii slliiSI 1
50-
I»
952. Diffusion index of 7 lagging indicator components
100-
50-
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-9
SURVEY OF CURRENT BUSINESS
October 1991
CYCUCAklNDICATORS
Composite Indexes: Leading Index Components
Aug. Apr.
P
T
Apr. Feb.
P
Dec. Nov.
PT
T
Nov.
Mar.
PT
Jan. July July
P
T
P
Nov.
T
1. >Wrage weektyjpurs of production or nonsupervisory workers,
itial claims for ummptoyment insurance, State
8. MdnufscturGrs' now ordors In 1JB82 dollars, olwsuniBr Qoods and
materials Industries (Ml. d o L ) < | p J | 4
deilvertes diffusion Index (percent) [ u j ]
20. Contracts aflj orders for r i p ! and equipment irt 1982 defers
1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 911992
NoTE.-Current data for these series are shown on page C-2.
C-10
SURVEY OF CURRENT BUSINESS
October 1991
Composite Indexes: Leading Index Components-Continued
Aug. Apr.
P T
Apr. Feb.
P T
Nov. Mar.
P
T
Dec. Nov.
P T
Jan. July July Nov.
P T P
T
29. New private housing units authorized by
local building permits (index: 1967=100
200 -j
180-j
160140 -
100 -I c
92. Change in manufacturers' unfilled
orders in 1982 dollars, duraNi
goods Indus***, smoothed1
_ (bil. dol.)
99. Change in sensitive materials prices, smoothed1 (percent)
19. Stock prices, 500 common slocks (index: 1941-43*10)
106. Money supply M2 in 1982 dollars (bil. dol.)
n ——
83. Consumer expeditions, U. of Michigan ( i n t o ; 1966:1=100)
—.
,
i ^ ,
ta.
^ 4 ^
1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 911992
1. This series is smoothed by an autoregressive-moving-average filter developed by Statistics Canada.
2. This is a copyrighted series used by permission; it may not be reproduced without written permission from the University
of Michigan, Survey Research Center.
NOTE-Current data for these series are shown on pages C-2, C-3, and C-4.
C-ll
SURVEY OF CURRENT BUSINESS
October 1991
Composite Indexes: Coincident Index Components
Aug. Apr.
P
T
Apr. Feb.
P
T
Nov.
Mar.
P
T
Jan July July
P4gt«ll3 (millions)
Nov
P T
P
T
X
'}
\
Industrial Brtductlon (index: 1987=109?
•- - -• v v
"—*
satesin1982dolarsfc|.dol.)
19SS56 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
Nom—Current data tor these series are shown on page C-2.
C-12
SURVEY OF CURRENT BUSINESS
October 1991
CYCLICAL INDICATORS
Composite Indexes: Lagging Index Components
Aug. Apr.
P T
Apr. Feb.
P T
Dec. Nov.
P
T
Nov.
P
War.
T
Jan. July July Nov.
P T
P
T
91. Average duration of unemployment (weeks—inverted scale)
77. Ratio, manufacturing l i d trade inventories to sales In 1982 dollars
(ratio)
62. Change in index of labor 1cost per unit of output,
manufacturing, smoothed (ann. rat* percent)
109. Average prime rate charged by banks (percent)
101. Commercial and Industrial loans outstanding in 1982 doters
(Ml. dol.)
95. Rtfo, consumer Installment credit outstanding to
personal income (percent) |Lg,Lg,Lg|
ZZL
120. Change in Consumer Price tedex for services, smoothed1
(ann. rate, percent) [ u j
1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 911992
1. This series is smoothed by an autoregressive-moving-average filter developed by Statistics Canada.
NOTE—Current data for these series are shown on pages C-2, C-3, and C-4.
C-13
SURVEY OF CURRENT BUSINESS
October 1991
CYCLICAL INDICATORS
Employment and Unemployment
Dec.
Nov.
Nov.
Mar.
Jan. July
July
P
T
P
T
P T
P
Nov
T
i Average weekly overtime hours of production or norteupervisory
workers, manufacturing (hours) f^cXl
2 J
46. Help-wanted advertising in newspapers (Index: 1067*100)
40. Employees on
industries (
Ratio, civilian employment to population of wortdng age (percent)
43. Civilian unemployment We (ptt«Mnverted scale)
1964 65
66
67
68
69
70
71
NOTE.—Current data for these series are shown on page C-2.
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90 1991
C-14
SURVEY OF CURRENT BUSINESS
October 1991
CUCAL INDICATORS
Production and Income
Dec.
P
Nov.
T
Nov.
P
Mar.
T
Jan. July
P T
July
P
Nov
T
ct in 1982 dollars, Q (ann. T*B,W. dol.)
2800-
53. Ww« and salaries In 1982 doffs, mWnfl, manufacturing, and
i(ann.fate,bll.dol.HcM
"3 &%
factures (index: 1987=100)
:
1964 65
66
67
68
69
70
71
NOTE.—Current data for these series are shown on page C-2.
72
73
74
75
76
77
78
79
80
J
81
J* !>,*?••?
82
83
84
85
86
87
88
89
90 1991
C-i5
SURVEY OF CURRENT BUSINESS
October 1991
CYCLICAL INDICATORS
Consumption, Trade,.Orders, and Deliveries
Dec.
P
Nov.
T
Nov.
P
Jan. July
P T
Mar.
T
July
P
Nov.
T
7.Manufacturers' new orders tn 19821
, disable goods industries (bfl, dol.)
n, consumer goods (Index: 1W7s100)
stores in 1982 dollars (bil.dol.}
The Conferenct Board (Indw: 1985=100)
1964
65
66
67
68
69
70
71
Norn-Current data for these series are shown on page C-2.
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
1991
C-16
SURVEY OF CURRENT BUSINESS
October 1991
CYCLICAL INDICATORS
Fixed Capital Investment
Dec
P
Nov.
T
Nov.
P
Mar.
T
Jan. July
P T
July
P
Nov
T
UNtftt jsiness formation(indcpi96W|H|
I |H
'
:
160140120 -
iii
100 -
80-*
70-
13. Number of new business
6050-
40 -
30-
60
50
40-
—
30-
20-
a Construction
contracts awardsd for
biddings1 (mil. sq.ft. of floor
110
100
90
80
70
60
50
40
1964
65
66
67
68
69
70
71
72
73
74
75
76
77
78
1. This is a copyrighted series used by permission; it may not be reproduced without written permission from McGraw-Hill
Information Systems Company, F.W. Dodge Division.
NOTE.—Current data for these series are shown on page C-2.
79
80
81
82
83
84
85
87
88
89
90 1991
J
C-17
SURVEY OF CURRENT BUSINESS
October 1991
CYCLICAL INDICATORS
Fixed Capital Investment-Continued
Jan. July
P T
Dec. Nov.
P
T
July
P
Nov.
T
(rant and equipment
dollars, Q (ann. rate,
machinery and equipment sale* end
expenditures (amt rate, bit *>l.)
Hdustrial production, business equipment (index: 1987=100)
Gross private
(ami. rate, Ml. doi.)
1964
65
66
67
68
69
70
71
NoTE.-Gurrent data for these series are shown on page C-3.
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
1991
C-18
SURVEY OF CURRENT BUSINESS
October 1991
CYCLICAL INDICATORS
Fixed Capital Investment-Continued
Dec.
Nov.
Nov.
Mar.
P
T
P
T
Jan. July
P
T
July
Nov.
P
T
28. New private housing units started (inn. rale, millions)
1.00.8
J
89. Gross private residential fixed investment in 1982 dollars, Q
(ann. rait, bil. dol.) £ £ Q
Inventories and Inventory Investment
30. Change in business Inventories in 1982 dollars, Q
(aim. rate, bil. dol.)
31. Change in manufacturing and trade inventories
(ami. rate, bil. dol.; 6-term moving avg.) f T p l
-30-
-90-J
1964 65
66
67
68
69
70
71
NoTE.-Current data for these series are shown on page C-3.
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90 1991
SURVEY OF CURRENT BUSINESS
October 1991
C-19
CYCLICAL INDICATORS
Prices, Costs, and Profits
Dec.
P
Nov.
T
Nov.
P
Mar
T
Jan. July
P T
July
P
Nov
T
23. Spot market prices, raw industrial materials1 (index: 1967=100)
18. Co^orate profits after tax in 1982 dottars, Q (ann. rate, bil. dd.)
16. Corporate profits after tax in current dollars, Q (ann. rate, bil. dol.)
22. Ratio, coiporate domestic profits after fax to corporate domestic
Income, Qtoercent)
81. Ratio, corporate
corporate domestic
profits aftei
Q (percent)
IVAandCCAdjto
26. RatiMnpllcit price defliter to unit labor cost, nonfarm business "~
secfcf, Q (index: 1982=18$ f HJTI
1964 65
66
67
68
69
70
71
72
73
74
75
76
77
78
IVA Inventory valuation adjustment.
CCAdj Capital consumption adjustment.
1. From June 1981 forward, this is a copyrighted series used by permission; it may not be reproduced without written
permission from Commodity Research Bureau, Inc.
NOTE.—Current data for these series are shown on page C-3.
79
80
81
82
83
84
85
86
87
88
89
90 1991
C-20
SURVEY OF CURRENT BUSINESS
October 1991
CYCLICAL INDICATORS
Money and Credit
Dec.
P
Nov.
Nov.
P
T
Mar.
Jan. July
July
Nov
T
P T
P
T
85. Change in money supply M1 (percent; 6-term moving avg.)
Ill
101 Change in money supply M2 (percent; 6-term moving avg4 i'
112. Net chmg» In business loans
(ann. njte, Ml. dol.; 6-term moving i
113. Net change in consumer installment cttcft
1000
110. Funds raised by private nonfinancW borrows*
in credtt markets, Q (ann. rate, bil. dol.)
800600
400
200
1964 65
66
67
68
69
70
71
NoTE.-Current data for these series are shown on page C-4.
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90 1991
C-21
SURVEY OF CURRENT BUSINESS
bctober 1991
i Money and Credit-Continued
Dec. Nov.
P
T
Nov.
P
Mar.
T
Jan. July
P T
July
P
Nov.
T
119. federal funds rate (percent)
116. Yield on new issue* of high-grade caiptfate
Alternative Comp
990. CIBCR long-leading com]
1964 65
66
67
68
69
70
71
72
73
CIBCR Center for International Business Cycle Research (Columbia University).
NoTE.-Current data for these series are shown on page C-4.
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90 1991
C-22
SURVEY OF CURRENT BUSINESS
Other Measures
Price Movements
Jan. July
P
July
Nov.
P
T
T
October 1991
Jan. July
P
T
July
Nov.
P
T
Percent change at annual rate
311c. Fixed-weighted price Index, gross
domestic business product (1-Q span)
293. Personal saving rate, Q (percent)
Consumer Price Indexes for all urban consumers—
40-
: \
^
0
298. Government surplus or deficit, Q
(ann. rate, bil. doi.)
-40
323c. All Items less food and energy
-80
Producer Price Indexes—
-120
336c. Finished goods
-160
-200
337c Finished goods less foods and energy
[9]
370c. Change in output per hour, all persons,
business sector (ann. rate, percent)
334c. Finished consumer goods
564. Federal Qcwernment purchases of goods
and services, national defense, Q
(ann. rate, M . dot.)
*r^
^v^^
333c. Capital equipment
332c. Intermediate materials, supplies, and components
2
" "
"~ ~
620. Merchandise imports, adjusted, excluding
military, Q (ann. rate, bil. dol.)
•i 550 -
331c Crude materials for further processing
250-
618. Merchandise exports, adjusted,
150-1
1979 80
81
82
83
84
85
86
87
NOTE—Current data for these series are shown on pages C-4 and C-5.
88
89
90 1991
1979 80
81
82
83
84
85
86
87
88
89
90 1991
C-23
SURVEY OF CURRENT BUSINESS
October 1991
OTHER IMPORTANT ECONOMIC MEASURES
International Comparisons: Industrial Production
Jan. July
P T
July
P
Nov.
T
International Comparisons: Consumer Prices
Jan. July
P T
July
P
Nov.
T
t change over 6-month span, annual rate
Industrial pnxkjctionM
47. United States
721. OBCO European countries
i
iH
. Federal Republic of Germany
III
725. Federal Republic of Germany
1979 80
81
82
83
84
85
86
NOTE.—Current data for these series are shown on page C-5.
87
88
89
90 1991
1979 80
81
82
83
84
85
86
87
88
89
90 1991
C-24
SURVEY OF CURRENT BUSINESS
October 1991
IMPORTANT ECONOMIC MEASURES
International Comparisons: Stock Prices
Jan. July
P T
July
P
Nov.
T
International Comparisons: Exchange Rates
Jan. July
P T
July
P
Nov.
T
750. «feighte<Hwage exchange value of the U.S. dollar
(iftdex: M i 1973=1001
Stock prices—
19. UnHed States
per U.S. dollar758. Japan (yen)
745. Federal Republic of Germany
7SL United Kingdom
(pound)
1979 80
81
82
83
84
85
86
NOTE.—Current data for these series are shown on page C-5.
87
88
89
90 1991
1979 80
81
82
83
84
85
86
87
88
89
90 1991
C-25
SURVEY OF CURRENT BUSINESS
October 1991
Historical Data for Selected Series
Feb.
May
Apr.
Mar.
June
Aug.
July
Oct.
Sept
Dec.
Nov.
910. Composite index of 11 leading indicators (1982.100)
38.2
34.8
37.7
34.9
38.3
34.8
38.1
35.5
37.7
37.1
37.4
40.3
46.2
41.7
44.9
41.8
37.8
35.3
40.7
45.9
41.8
44.8
42.0
41.3
44.7
41.8
44.7
42.4
42.4
442
41.9
44.4
43.0
42.7
42.9
42.8
43.8
43.6
44.4
42.0
42.8
43.7
.44.1
46.1
412
43.5
42.7
44.3
45.6
41.3
44.9
41.8
44.9
48.2
51.1
50.0
46.5
53.8
49.1
50.7
49.8
46.1
54.5
49.7
50.9
49.5
46.5
55.3
49.9
51.0
49.1
46.7
55.3
502
502
49.1
47.6
55.4
50.3
49.9
49.0
48.5
55.4
50.8
50.3
48.7
49.7
552
50.6
50.4
48.6
50.6
54.7
51.0
502
47.9
51.5
54.8
1960
1961
1962
1963
1964
55.0
54.2
59.9
62.2
66.1
54.3
54.6
60.6
62.8
66.6
53.4
55.4
60.6
63.3
67.0
53.4
56.1
60.3
63.8
67.5
53.5
56.8
59.7
64.3
68.0
53.5
57.4
59.1
642
682
53.9
58.4
59.6
64.3
69.5
54.0
58.0
60.0
64.8
70.1
1965
1966
1967
1968
1969
71.7
75.8
73.3
78.0
83.1
72.1
76.9
72.6
79.2
82.7
72.0
76.7
72.9
78.5
83.1
72.6
75.9
73.6
79.0
82.9
79.0
79.8
88.1
97.3
95.5
772
97.8
94.9
76.7
83.2
90.8
97.6
92.7
76.6
83.4
93.6
97.8
94.4
76.3
82.8
90.3
97.6
93.1
72.5
75.4
74.5
79.2
82.3
76.9
83.3
91.4
97.5
91.1
72.7
74.4
76.5
792
81.7
1970
1971
1972
1973
1974 .
71.7
76.0
72.9
78.7
82.9
77.9
1975 .
1976
1977
1978
1979
78.0
93.0
98.5
101.9
105.3
78.0
94.0
99.3
102.9
105.5
78.7
94.4
99.7
103.0
106.1
812
94.4
100.3
104.1
1045
83.1
95.3
100.8
104.3
105.1
84.3
96.1
101.3
104.5
104.6
53.7
57.5
59.5
64.1
69.0
72.8
75.1
75.4
79.6
81.8
76.6
83.3
92.5
97.4
90.0
85.7
97.3
101.1
104.6
103.1
1982
1983
1984
101.2
102.8
97.2
106.8
123.1
101.5
101.5
98.9
109.1
123.4
98.0
102.0
98.3
111.4
123.3
95.3
103.5
99.1
1135
123.3
93.6
103.7
99.4
115.3
123.0
94.9
102.7
98.8
116.9
121.8
1985
1986
1987
1988
1989
1990 .
121.4
128.4
136.8
139.4
145.9
145.7
121.7
129.4
137.7
141.0
145.6
122.2
130.4
138.1
141.3
144.7
121.8
131.5
138.6
141.4
145.7
122.7
131.5
139.1
141.8
144.3
123.8
132.4
140.7
143.4
144.2
144.3
145.4
145.3
146.3
146.3
1948 .
1949 .
1950 .
1951
1952
1953
1954
37.9
35.7
37.5
35.5
39.8
46.9
41.4
44.8
41.4
1955
1956
1957
1958
1959 .
96.9
102.0
99.4
118.2
121.3
124.1
132.8
142.4
142.5
144.0
146.1
372
37.6
45.6
41.3
44.3
41.7
45.8
36.9
38.3
45.4
41.0
44.3
41.3
46.7
36.3
38.9
37.6
36.3
45.8
412
44.5
41.4
47.4
43.3
43.2
43.0
43.3
44.0
512
50.6
47.0
53.0
54.0
51.3
50.4
45.6
52.9
552
50.3
50.5
43.6
49.3
54.8
53.7
59.4
612
65.4
70.8
74.9
73.1
772
81.9
80.5
53.7
59.9
61.7
65.6
712
53.8
572
602
64.2
68.7
73.3
74.0
76.7
80.2
81.9
50.9
50.4
475
52.1
54.5
53.8
58.8
602
65.1
70.3
74.1
73.3
76.9
81.4
81.1
75.6
72.8
78.1
82.3
802
73.0
75.0
75.1
79.8
62.0
76.7
83.9
94.5
97.0
85.3
76.5
84.6
95.0
96.9
83.4
88.2
97.7
101.9
106.1
103.0
89.2
97.5
101.8
107.1
101.6
78.7
87.0
96.8
95.8
79.1
90.6
98.8
103.1
105.4
100.6
77.2
83.3
92.3
97.2
97.4
101.5
105.0
102.7
76.9
85.4
95.9
972
81.1
90.1
98.0
102.3
106.3
100.8
84.5
9S2
101.0
104.6
103.6
98.9
102.1
98.8
118.4
120.9
101.1
100.0
100.6
119.6
120.6
1025
985
101.8
121.1
119.4
104.1
97.8
103.0
121.9
120.1
102.8
97.8
104.7
122.1
120.3
992
1012
100.0
1162
121.7
125.1
132.9
143.1
143.3
144.6
125.8
132.9
143.1
143.1
145.3
126.0
134.4
1422
143.3
144.6
126.2
135.3
1402
1435
145.0
127.6
137.1
139.4
144.7
145.7
124.0
132.4
140.1
142.4
145.0
144.3
1432
141.5
139.9
139.6
144.0
920. Composite index of 4 coincident indicators (1982=100)
39.3
35.3
39.4
35.8
39.3
36.4
39.4
34.7
39.0
35.4
38.6
35.7
38.8
36.2
392
44.3
44.9
49.5
44.8
39.2
36.0
40.0
44.3
44.6
49.3
45.0
41.7
43.7
43.8
49.5
44.8
42.9
44.0
45.8
48.8
44.8
42.4
43.9
47.0
48.4
45.0
42.5
442
47.9
472
462
43.5
44.3
48.4
46.3
46.S
40.3
44.1
45.8
48.7
45.4
49.0
52.4
52.6
46.6
532
49.6
52.1
52.4
46.7
53.7
49.8
52.1
52.5
47.3
53.9
50.4
50.3
52.5
48.0
535
50.3
51.9
52.5
48.5
51.8
50.8
52.4
51.9
48.9
51.7
42.6
44.1
47.7
482
45.3
512
52.9
51.3
49.3
51.4
54.2
51.4
56.0
57.7
61.1
53.9
52.0
56.0
58.0
615
53.6
52.7
56.0
58.1
61.6
53.3
52.8
56.3
58.4
62.2
53.0
53.3
565
58.4
62.6
52.7
53.4
56.4
58.8
63.0
52.6
54.1
56.6
592
62.4
51.9
532
49.6
502
53.9
512
55.1
56.6
59.6
S4.6
49.8
522
52.1
48.3
525
54.2
51.1
55.7
57.3
60.4
51.6
52.7
50.6
50.5
52.1
51.8
54.8
56.9
59.0
635
65.1
71.3
74.7
78.1
82.4
65.9
72.2
74.7
78.4
83.1
662
72.3
74.8
78.7
832
66.6
72.7
74.8
792
83.4
67.9
73.6
752
802
84.4
$8.0
73.8
75.8
80.2
84.6
68.3
73.9
75.8
805
84.8
69.1
74.4
75.6
81.0
85.1
69.8
74.3
76.9
81.7
84.4
70.5
74.5
77.9
81.9
84.4
83.3
81.3
85.7
95.2
95.6
83.3
81.5
86.6
95.1
95.2
83.0
81.8
87.5
95.0
94.7
825
82.1
882
962
952
82.1
96.1
945
81.9
82.6
902
96.4
94.1
80.1
82.7
91.6
975
93.7
79.4
83.4
93.0
98.3
91.5
80.9
842
94.1
972
88.6
82.1
82.3
88.9
96.1
94.2
85.9
90.8
95.7
102.1
110.9
84.4
91.0
96.6
103.5
112.0
85.1
922
98.6
1072
111.1
872
93.0
100.4
108.5
110.4
87.7
92.7
100.9
109.5
110.7
86.3
92.3
98.7
106.7
110.8
109.5
108.0
102.6
98.4
110.7
1052
107.4
101.7
1002
111.4
104.3
107.9
100.5
101.4
1125
104.9
108.3
98.9
102.1
113.1
107.1
106.3
97.3
105.4
113.4
108.5
103.8
97.0
107.6
114.9
1072
107.3
100.0
101.9
112.3
1985 ,
1986 .
1987 .
114.9
118.1
119.9
126.8
133.3
115.5
118.1
121.7
127.7
133.4
116.0
118.0
121.9
128.7
133.4
116.4
118.7
122.5
129.3
133.4
116.0
118.4
122.8
130.0
133.4
116.3
119.0
123.6
130.0
133.5
132.5
133.6
134.1
133.6
1342
134.6
117.0
119.8
125.7
131.7
133.3
130.1
118.0
121.1
127.3
132.6
133.7
1990
105.6
1075
982
104.1
1135
116.7
119.7
124.4
130.7
1335
132.8
87.7
94.1
101.3
110.1
110.6
108.1
105.1
972
1062
1142
88.3
952
101.8
110.9
110.4
110.5
108.2
103.0
97.6
110.2
85.5
92.6
99.3
107.4
111.0
104,1
108.4
99.6
102.3
113.0
115,7
118.4
123.7
130.7
133.0
1342
86.7
92.7
99.6
108.0
110.8
111.0
108.5
102.1
97.9
109.1
84.8
91.7
972
106.0
1102
107.4
107.8
102.0
99.1
111.0
116.4
119.4
1222
128.8
1342
82.7
822
87.8
95.4
952
84.8
92.0
97.8
106.4
111.4
67.1
73.5
75.0
79.8
83.8
82.4
82.4
87.6
95.8
952
53.3
52.7
56.1
58.2
61.9
67.4
73.1
75.5
79.8
83.8
128.9
132.8
38.4
37.8
36.4
43.9
44.3
48.6
45.9
38.1
37.4
38.3
37.0
36.7
38.5
36.1
36.3
43.8
45.0
49.0
45.9
37.3
44.1
44.9
49.5
45.3
38.2
442
44.8
49.5
45.1
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
47.2
52.0
52.9
48.9
51.1
47.5
52.0
53.4
47.9
51.6
48.4
52.0
53.2
47.3
52.3
54.7
51.0
54.7
56.6
59.7
54.5
50.8
55.3
57.1
60.3
1965
1966
1967
1968
64.7
70.9
75.0
77.5
82.0
1970
1971
1972
1973
1974
1975
1976
1977 .
1978 .
1979 .
83.5
81.5
85.4
94.4
96.3
87.2
89.8
95.3
101.1
110.5
1980
1981
1982
1983
1984
.
.
.
,
.
1949..
1950
1951
1952
1953
1954
116.4
118.7
1242
130.8
133.9
134.0
116.6
119.4
126.3
132.1
133.0
131.5
C-26
SURVEY OF CURRENT BUSINESS
October 1991
Historical Data for Selected Series-Continued
YEAR
Jan.
Feb.
Apr.
Mar.
May
June
July
Nov.
Oct
Sept.
Aug.
Annual
Dec.
930. Composite index o! 7 tagging indicators (1982-100)
34.3
338
34.0
34.6
34.7
342
34.6
344
33.4
34.6
342
41.7
44.8
494
45.8
355
41.7
44.8
499
456
36 9
41.9
44.7
50 0
455
38.3
42.1
45.1
50 4
45^
380
42.9
45.6
507
45.6
35.3
41.1
445
4fl7
47.1
47.0
57.7
59 0
542
59.6
492
496
57.8
61.8
54.5
644
50.8
57.6
615
54.8
65.3
51.9
58.0
62.2
544
652
52.0
60.7
534
61.5
62.6
552
642
47.9
55.9
599
565
597
66 4
61.0
64.1
66.1
68.8
65.8
61.0
642
66.7
69.6
641
61.3
642
67.0
70.0
63 8
61.3
64.3
67.3
70.6
64.3
61.1
64,5
680
70.3
64.6
61.6
64 8
682
70.5
649
62.2
63.6
662
69.3
73.4
82.9
84.9
91.0
74.1
80.9
82.4
85.9
91.2
742
81.1
82.7
86.0
91.7
74.8
812
82.7
860
92.1
75,5
82.3
82.2
662
922
76.0
82.3
82.5
86.7
925
73.6
79.6
82.6
84.8
90.4
92.6
85 9
86.9
92.0
100.1
92.0
86 6
66^
93.1
100.4
92.3
87 7
665
92.9
100.7
91,7
879
864
94.4
102.1
91.3
871
86.5
94.9
101.9
90.9
86 5
86:3
957
102.3
895
86 4
86.1
97.1
103.5
92.3
874
86.2
92.3
1002
94.6
86.9
88.1
934
101.1
91 0
862
89.0
942
102.4
89 9
86:3
89.3
94.8
102.8
633
86:3
89.9
95.3
103.7
881
867
90.3
96.0
105.2
680
872
907
96.3
106.1
87 9
867
912
97.8
107.2
880
864
91.3
983
107.3
931
87.0
89.1
94.8
102.8
113.6
99.4
101.7
909
97.9
112.3
1022
101.4
90.1
99.6
109.7
103.3
101.7
90.1
100.9
104.9
103.5
101.1
90.4
101.8
101.1
103.9
99.7
91.4
103.2
98.7
105.7
98.6
914
104.3
97.4
105.3
97.1
91.6
105.1
98.4
104,9
952
92.7
105.0
101.2
104.3
93.0
93.6
105.0
105.5
102.8
100.0
91.4
100.7
1062
112.5
109.9
113.5
1187
105.9
111,6
109.9
113.8
118.1
106.6
111.7
109.9
113.7
1192
106.8
111.6
110.0
114.0
119.6
107.7
1119
110.0
113.9
119.6
107.9
111.7
110.0
114.4
120.1
108.4
110.8
111.6
114.7
120.0
109.4
111.8
111.5
114.9
120.3
1097
1114
112.1
1162
120.1
110.1
110.4
111.8
116.1
120,0
1075
111.4
110.6
114.3
119.3
119.6
119.9
119.6
119.1
119.6
119.0
119.1
118.6
118.5
119.2
1192
1543
1949
323
349
32.6
35.1
32.7
349
32.7
348
32,8
35,0
32.8
34.5
1950
1951
1952
1953
1954
345
38.7
43 5
459
502
344
394
434
46 4
49.7
342
40 0
43.7
46 7
45 8
344
40.4
43.5
47 7
475
344
409
44.2
438
47.4
34 3
41.5
451
49 0
46.7
340
41.8
45.4
49 0
465
19S5
1956
1957
1958
1959
45 4
524
582
61.6
54.8
453
52.6
57,7
600
55.1
456
534
582
59 7
55.2
454
546
585
585
55.6
45.9
558
589
562
57.0
46.7
56.1
590
55 0
58.6
1960
1961
1962
1963
1964
63.4
645
62.2
64.9
632
639
643
62.3
65.1
68.4
64,7
636
^2.5
64.9
68.7
65 0
63.0
630
651
690
66 0
623
634
65.3
63.7
66 4
61.6
64.0
65.6
692
1965
1966
1967
1963
1969
71.1
762
822
62.4
87.6
71.9
76.9
82.4
828
87.9
72.2
77.2
827
83.5
88,4
728
78.1
82.7
841
892
735
791
824
84.5
900
73.3
79.7
82.8
84.9
90.9
1970
1971
1972
1973
1974
932
69.3
85.4
87.6
97,7
936
689
850
88.7
97.8
94.2
882
85.7
895
97.4
93.3
872
859
90.8
98.6
92.7
86.8
86.3
91.1
99.5
1975
1976
1977
1978
1979
102.5
880
869
925
988
101 0
87.9
87.2
92.7
99.4
1OO0
67.8
87.5
933
988
969
87.1
878
92.7
101.1
1980
1981
1982
1983
1984
108.3
1012
104.9
91.9
94.0
108 8
100.7
103.5
91.7
S5.3
111,4
996
102.1
91.0
96.4
1985
1986
1987
1988
1989
105.5
110.7
111.3
112.9
117.0
105.3
1108
1096
113.1
1185
1990
119.3
119.2
33.1
34.4
806
34.0
34.0
572
577
940. Ratio, coincident composite index to lagging composite index (1982 =100)
1948
1943
1189
108.3
116.9
106.6
117.1
106,0
1165
105.5
117.4
103.1
119.5
104.3
118.7
102.6
115.9
105.3
114,6
1077
115.9
100.3
112.4
103.5
111.6
103.8
116.3
1045
1950
1951
1952
1953
1954
105.5
113.4
101.8
1059
91.4
105 5
1112
103,7
105 6
92.4
1091
1102
102.7
1060
92.8
111 0
1094
103.0
1038
944
1140
108.3
101.6
101 4
94.5
116.6
1067
98.9
1006
%A
1226
1045
965
101 0
96^
125.4
1055
102.2
988
975
119.4
1055
104.9
970
987
115.4
1055
106.7
964
995
111 0
10^0
106,2
937
101.8
1145
1035
106.1
91 3
1022
1142
107.3
102.9
1001
1955
1956
1957
1958
1959
1040
992
90.9
79.4
932
104 9
939
92.5
79.8
93 5
1061
97.4
91.4
79.2
94.7
1079
96.0
89.9
79.7
95.7
108.1
93.4
890
83.1
942
1066
92.9
89.0
86.0
92.0
1072
87.2
89.0
88.6
89.8
1022
90.7
1024
90.7
84.0
89.7
B03
1008
91.8
83.4
90.0
78.7
994
90.9
81.4
92.8
79.9
998
922
792
90.9
84.0
1041
93.4
87.2
855
88.4
I960
196!
1962
1963
1964
86.3
79 1
87.9
872
87.5
85.3
790
83.8
87 7
882
838
80 3
89.1
833
87.9
83.4
61 6
883
836
88.6
81.7
83 5
88.3
83.8
895
80.7
85 6
87:5
88.6
89.0
80.3
86 6
87^
88 4
904
eao
876
893
822
87.1
875
87.8
90^
824
883
88:0
880
884
80.6
89 7
832
86 8
905
79.3
89 4
875
87 4
915
82.2
848
88:1
87.9
895
1965
1966
1967
1968
1969
91.0
93.0
91.2
94.1
93.6
90,5
92.7
90 7
94.3
93.7
91.3
935
903
939
94.0
90.9
92 6
904
936
93.3
90.6
91.9
90.8
93.7
92.7
91.5
90.6
94.0
922
925
91 3
907
94.5
92.7
915
912
92.0
93.4
925
92.0
91 1
917
93.6
925
92.4
91 6
914
942
92.4
925
903
936
945
915
92.8
905
944
945
912
91.7
91 8
915
94.1
927
1970
1971
1972
1973
1974
89.6
91.3
10O.0
107.8
98 6
89.0
91.5
100.8
107.3
97.8
88.4
92.4
101.1
106.3
97.7
890
101.9
104.6
96.0
892
94.7
101.7
104.7
95.7
89.0
95.9
100.8
104.1
95.1
89.7
94.8
101.6
103.3
94.8
88.9
93.3
103.2
103.4
93.8
89.3
94.0
104.4
102.1
922
877
94.9
105.9
102.7
92.0
87.3
964
107.8
102.7
89.4
904
97.5
109.3
100.1
85.6
89.0
942
1032
104.1
94.1
1975
1976
1977
1978
1979
851
102.0
109.7
109.3
111.8
850
103.3
1C9.7
110.1
111.6
84.4
103.6
110.4
110.9
113.4
875
1053
110.7
114.3
109.0
89 6
1055
111.0
113.9
1102
93.5
107.0
110.8
113.8
108.5
95.1
1073
1112
113.3
108.0
97.6
1074
110.8
113.3
1068
99.0
107 3
111.2
113.0
104.9
997
1063
111.2
1137
104.3
998
1085
nu
112.6
1032
100.3
1102
1115
112.8
102.9
93.1
1062
1105
112.6
. 1075
I960
1981
1982
1983
1984
102.5
107 2
97.3
1065
116.1
101.6
107 4
99.5
106 4
115.6
983
108.4
100.5
108,1
1148
94.5
108.5
1003
109.0
1134
93.7
105.1
100.3
1112
111.8
95.1
104.5
98.8
1125
1115
992
104.7
98.5
113.2
1110
103.8
1042
111.7
1095
107.0
1017
99.6
1139
108:8
1100
100.9
1002
1151
1075
109.9
1002
102.1
114 6
1085
1072
99.5
104.3
1150
109^
101.9
104.4
100.1
111 4
1115
1985
1986
1S87
1368
1969
108.9
106?
107.7
112.3
113.9
1C9.7
1C6.6
111.0
1129
112.9
1092
104.9
1109
113.4
112.4
109.9
107.0
1112
1132
113.6
1092
1063
111.5
113.7
111.9
108.6
106.1
111.6
114.0
111.5
107.4
1058
112.5
114.7
111.0
107.9
106.3
112.9
114.3
1115
107.7
108.0
1115
113.9
111.2
106.6
106.8
113.3
1150
110.6
1067
107.5
112.1
113.3
111.0
1072
109.7
113.9
1142
111.4
108.3
1065
1117
1137
111.9
1122
113.0
112.2
112.6
110.9
109.8
,
1990 .
>
938
922
865
90.8
842
805
874
992
965
C-27
SURVEY OF CURRENT BUSINESS
October 1991
Historical Data for Selected Series—Continued
Jan.
YEAR
Mar.
Feb.
May
Apr.
July
June
Sept
Aug.
•
Nov.
Oct
Annual
Dec.
950. Diffusion index of 11 leading indicator components (percent rising over 1-month span)
1948
1949
20.0
27.8
35.0
66 7
25.0
61.1
30.0
33 3
60^0
61 1
40.0
200
90.0
20.0
70.0
90.0
o
70.0
55.0
150
80.0
0
80.0
1950
1951
1952
1953
1954
100.6
65.0
60.0
54.5
54.5
90.0
45.0
65.0
59.1
72.7
65.0
40.0
60.0
59.1
72.7
80.0
50.0
45.0
40.9
90.9
80.0
45.0
65.0
36.4
90.9
60.0
10.0
90.0
18.2
90.9
80.0
20.0
60.0
27.3
86.4
70.0
30.0
60.0
9.1
63.6
30.0
55.0
80.0
182
72.7
50.0
60.0
50.0
36.4
100.0
15.0
40.0
60.0
36.4
77J3
50.0
50.0
54.5
54.5
til
64.2
425
62.5
37.5
78.8
1955
1956
1957
1958
1959
90.9
31.8
18.2
45.5
81.8
90.9
13.6
36.4
36.4
81.8
63.6
36.4
31.8
63.6
72.7
682
40.9
27.3
54.5
54.5
63.6
9.1
40.9
90.9
54.5
54.5
36.4
40.9
90.9
36.4
682
54.5
27.3
90.9
27.3
36.4
54.5
45.5
81.8
22.7
63.6
40.9
22.7
90.9
45.5
45.5
40.9
36.4
72.7
31.8
63.6
59.1
0
81.8
27.3
45.5
36.4
18.2
50.0
72.7
62.9
37.9
26.8
70.8
50.8
1960
1961
1962
1963
1964
27.3
54.5
54.5
77.3
72.7
36.4
72.7
72.7
81.8
63.6
9.1
81.8
45.5
72.7
50.0
45.5
90.9
45.5
63.6
72.7
54.5
86.4
182
72.7
63.6
45.5
81.8
182
50.0
59.1
59.1
72.7
682
45.5
72.7
36.4
100.0
45.5
54.5
81.8
455
27.3
81.8
77.3
72.7
182
81.8
63.6
72.7
63.6
45.5
63.6
90.9
50.0
72.7
63.6
81.8
682
63.6
54.5
40.6
74.6
56.1
65.1
66.6
1965
1966
1967
1968
1969
72.7
68.2
63.6
36.4
86.4
50.0
63.6
54.5
63.6
36.4
63.6
63.6
40.9
63.6
31.8
59.1
45.5
- 45.5
455
54.5
72.7
182
72.7
50.0
31.8
45.5
13.6
86.4
59.1
22.7
40.9
22.7
77.3
54.5
182
54.5
36.4
100.0
36.4
31.8
54.5
182
54.5
90.9
59.1
81.8
13.6
54.5
86.4
182
72.7
182
59.1
72.7
13.6
72.7
36.4
90.9
59.1
36.4
61.7
34.9
66.7
59.9
36.7
1970
1971
1972
1973
1974
9.1
72.7
86.4
63.6
45.5
9.1
72.7
81.8
54.5
18.2
182
77.3
682
45.5
59.1
9.1
682
54.5
36.4
27.3
54.5
50.0
54.5
63.6
36.4
45.5
54.5
81.8
36.4
9.1
63.6
54.5
63.6
54.5
22.7
36.4
45.5
81.8
27.3
4.5
63.6
63.6
682
45.5
9.1
54.5
72.7
545
455
13.6
54.5
68.2
81.8
54.5
9.1
77.3
100.0
81 £
27.3
182
41.3
66.7
71.6
46.2
22.7
1975
1976
1977
1978
1979
9.1
81.8
36.4
182
36.4
36.4
54.5
54.5
54.5
50.0
45.5
54.5
45.5
45.5
81.8
90.9
54.5
59.1
682
27.3
90.9
63.6
59.1
45.5
54.5
90.9
63.6
63.6
54.5
31.8
86.4
90.9
36.4
45.5
22.7
682
45.5
63.6
682
27.3
72.7
54.5
59.1
72.7
63.6
72.7
54.5
54.5
63.6
13.6
81.8
545
77.3
455
182
63.6
63.6
63.6
45.5
36.4
67.4
61.3
56.1
52.3
38.6
1980
1981
1982
1983
1984
72.7
22.7
36.4
72.7
72.7
59.1
18.2
54.5
81.8
63.6
18.2
50.0
45.5
90.9
54.5
9.1
90.9
50.0
100.0
45.5
27.3
36.4
59.1
86.4
36.4
63.6
36.4
27.3
90.9
22.7
81.8
182
682
90.9
455
90.9
54.5
36.4
59.1
36.4
100.0
0
72.7
81.8
45.5
81.8
36.4
90.9
90.9
27.3
77.3
36.4
90.9
682
59.1
54.5
54.5
90.9
59.1
31.8
61.4
37.9
60.2
81.1
45.1
1985
1986
1987
1988
1989
77.3
63.6
31.8
40.9
72.7
54.5
63.6
54.5
72.7
31.8
45.5
54.5
63.6
59.1
27.3
36.4
63.6
63.6
54.5
72.7
81.8
54.5
45.5
45.5
182
63.6
54.5
86.4
63.6
50.0
40.9
36.4
682
36.4
45.5
81.8
54.5
59.1
45.5
50.0
59.1
45.5
45.5
54.5
50.0
72.7
682
54.5
31.8
36.4
40.9
72.7
27.3
455
545
72.7
90.9
182
545
63.6
60.6
60.2
515
50.4
47.7
1990
36.4
36.4
68.2
36.4
63.6
40.9
31.8
31.8
13.6
27.3
273
455
38.3
*
.
563
950. Diffusion index of 11 leading indicator components (percent rising over 6-month span)
20.0
20.0
55 6
30.0
444
50.0
222
100.0
333
20.0
111
100.0
o
9Q.Q
100.0
10 0
100.0
100
100.0
20.0
100.0
692
100.0
50.0
60.0
55.0
72.7
100.0
55.0
60.0
36.4
72.7
100.0
30.0
50.0
27.3
77.3
90.0
25.0
80.0
182
90.9
80.0
20.0
60.0
182
77.3
80.0
30.0
100.0
9.1
86.4
80.0
20.0
80.0
9.1
90.9
70.0
20.0
80.0
9.1
100.0
80.0
20.0
80.0
18.2
90.9
65.0
50.0
70.0
27.3
90.9
40.0
70.0
90.0
455
90.9
60.0
70.0
50.0
45.5
90.9
78.8
38.3
71.7
26.6
86.0
1955
1956
1957 .
1958 ]
1959
90.9
54.5
9.1
36.4
90.9
90.9
182
9.1
54.5
81.8
90.9
27.3
9.1
77.3
81.8
90.9
273
182
90.9
54.5
81.8
36.4
182
100.0
36.4
682
13.6
182
100.0
22.7
72.7
182
182
100.0
182
63.6
63.6
0
100.0
9.1
72.7
36.4
0
100.0
27.3
63.6
54.5
9.1
100.0
27.3
455
27.3
116
90.9
455
36.4
36.4
182
90.9
182
72.3
34.5
11.8
86.7
42.8
1960
1961
'.
1962 ...
1963
1964
36.4
77.3
63.6
86.4
90.9
54.5
100.0
22.7
90.9
81.8
9.1
905
27.3
81.8
77.3
182
90.9
36.4
81.8
72.7
36.4
100.0
22.7
63.6
72.7
54.5
100.0
31.8
63.6
81.8
36.4
100.0
182
81.8
72.7
36.4
81.8
72.7
•77.3
86.4
36.4
90.9
81.8
682
90.9
45.5
86.4
86.4
63.6
90.9
409
905
86.4
90.9
63.6
59.1
90.9
81.8
86.4
63.6
38.7
91.7
52.7
78.0
78.8
1965
1966
1967
1968
1969
63.6
81.8
36.4
59.1
72.7
63.6
63.6
45.5
68.2
36.4
68.2
50.0
54.5
59.1
27.3
45.5
40.9
63.6
72.7
27.3
50.0
182
81.8
45.5
182
63.6
13.6
90.9
59.1
27.3
81.8
0
90.9
81.8
182
81.8
0
909
90.9
0
90.9
9.1
90.9
90.9
0
81.8
36.4
72.7
90.9
9.1
Til
36.4
72.7
90.9
0
81.8
36.4
682
72.7
0
70.4
322
71.6
73.5
19J
1970
1971
1972
1973
1974
9.1
100.0
100.0
81.8
0
182
100.0
90.9
63.6
0
9.1
90.9
81.8
63.6
182
9.1
682
81.8
455
22.7
182
63.6
100.0
36.4
9.1
182
63.6
100.0
27.3
9.1
27.3
63.6
95.5
36.4
9.1
45.5
81.8
90.9
40.9
0
63.6
81.8
72.7
31.8
0
63.6
100.0
72.7
36.4
0
81.8
100.0
81.8
36.4
9.1
90.9
100.0
81.8
182
182
37.9
1975
1976
1977
1978
1979
36.4
90.9
63.6
72.7
36.4
50.0
90.9
63.6
682
18.2
72.7
86.4
68.2
72.7
27.3
90.9
77.3
72.7
63.6
36.4
100.0
72.7
63.6
63.6
27.3
100.0
72.7
63.6
81.8
9.1
90.9
59.1
63.6
63.6
27.3
86.4
682
59.1
63.6
182
81.8
63.6
72.7
54.5
31.8
100.0
54.5
455
545
182
90.9
63.6
545
405
36.4
100.0
455
72.7
50.0
9.1
83.3
70.5
63.6
625
24.S
9.1
45.5
36.4100.0
81.8
9.1
36.4
54.5
100.0
72.7
182
27.3
59.1
100.0
45.5
9.1
182
63.6
100.0
182
•27.3
63.6
45.5
100.0
36.4
45.5
9.1
54.5
100.0
27.3
86.4
0
54.5
90.9
36.4
100.0
9.1
54.5
81.8
27.3
100.0
9.1
72,7
81.8
27.3
81.8
182
81.8
81.8
36.4
72.7
182
100.0
81.8
36.4
72.7
27.3
90.9
77.3
45.5
52.7
45.5
72.7
81.8
31.8
54.5
54.5
86.4
63.6
45.5
27.3
63.6
63.6
72.7
86.4
31.8
59.1
45.5
81.8
77.3
18.2
72.7
45.5
72.7
77.3
27.3
81.8
54.5
72.7
63.6
54.5
818
63.6
72.7
59.1
27.3
81.8
72.7
54.5
63.6
455
81.8
81.8
545
50.0
54.5
81.8
72.7
36.4
77.3
45.5
86.4
81.8
40.9
50.0
36.4
63.6
100.0
45.5
40.9
40.9
71.2
70.1
6Z5
602
38.6
68.2
54.5
54.5
63.6
45.5
22.7
31.8
9.1
9.1
0
182
182
33.0
1948
1949
1950
Z~.
1951
1952
1953
1954
_
1980
1981
1982 _
1983
» 1984 „ _
1985
1936
1987
1988
1989
1990
.
NOTE.—Diffusion indexes are centered within the spans: 1-month indexes are ptaced on the ending month, and 6-month indexes are placed on the 4th month.
87.5
432
8.0
235
64.0
91.3
40.9
C-28
SURVEY OF CURRENT BUSINESS
October 1991
Historical Data for Selected Series-Continued
Apr.
Feb.
May
June
Aug.
July
Sept
Annual
Oct.
951. Diffusion index of 4 coincident indicator components (percent rising over 1-month span)
1943 ....
1949 ....
50.0
0
75.0
25.0
75.0
0
75.0
0
100.0
37.5
75.0
0
62.5
100.0
62.5
100.0
1950
1951
1952
1953
1954
....
....
....
....
....
75.0
75.0
75.0
100.0
25.0 .
50.0
62.5
100.0
100.0
50.0
100.0
75.0
50.0
100.0
0
100.0
75.0
50.0
62.5
25.0
100.0
50.0
62.5
62.5
50.0
75.0
50.0
50.0
50.0
75.0
100.0
12.5
0
62.5
37.5
100.0
50.0
100.0
0
37.5
50.0
37.5
100.0
25.0
87.5
1955
1956
1957
1958
....
....
....
....
100.0
6Z.5
25.0
0
75.0
100.0
50.0
100.0
0
100.0
100.0
87.5
50.0
25.0
100.0
100.0
100.0
12.5
0
100.0
100.0
25.0
25.0
75.0
87.5
75.0
75.0
100.0
100.0
100.0
0
62.5
100.0
50.0
50.0
100.0
62.5
75.0
0
12.5
100.0
50.0
100.0
75.0
0
75.0
100.0
75.0
100.0
100.0
100.0
87.5
100.0
87.5
1959 ....
100.0
12.5
100.0
250
75.0
36.5
75.0
87.5
87.5
25.0
100.0
50.0
62.5
50.0
0
100.0
100.0
75.0
100.0
0
75.0
81.3
59.4
68.8
49.0
55.2
100.0
100.0
0
100.0
25.0
75.0
100.0
0
87.5
25.0
100.0
50.0
12.5
100.0.
100.0
100.0
100.0
0
62.5
100.0
92.7
70.8
35.4
60.4
72.9
0
100.0
100.0
75.0
75.0
25.0
75.0
50.0
100.0
100.0
37.5
100.0
100.0
100.0
25.0
0
100.0
87.5
50.0
100.0
25.0
100.0
37.5
75.0
100.0
29.2
84.4
75.0
84.4
83.3
100.0
75.0
62.5
75.0
100.0
75.0
100.0
100.0
75.0
100.0
87.5
50.0
50.0*
100.0
75.0
100.0
100.0
37.5
100.0
100.0
100.0
50.0
100.0
100.0
12.5
100.0
100.0
100.0
75.0
50.0
91.7
84.4
75.0
82.3
77.1
75.0
0
1950
1961
1962
1963
1964
1965
1966
1967
1968
1969
....
....
....
....
....
....
....
....
....
....
100.0
50.0
25.0
62.5
750
25.0
50.0
100.0
100.0
87.5
25.0
100.0
100.0
100.0
62.5
62.5
62.5
100.0
100.0
100.0
62.5
87.5
100.0
12.5
75.0
100.0
100.0
37.5
75.0
100.0
100.0
100.0
75.0
100.0
100.0
100.0
75.0
87.5
75.0
75.0
37.5
100.0
50.0
75.0
100.0
75.0
75.0
62.5
100.0
50.0
1970
1971
1972
1973
1974
....
....
....
....
....
0
100.0
100.0
62.5
50.0
37.5
25.0
75.0
100.0
25.0
50.0
87.5
100.0
50.0
62.5
25.0
100.0
100.0
50.0
25.0
25.0
100.0
75.0
75.0
100.0
25.0
62.5
75.0
75.0
75.0
1O0.0
37.5
50.0
87.5
75.0
12.5
37.5
100.0
62.5
12.5
50.0
100.0
100.0
75.0
375
0
75.0
100.0
100.0
50.0
12.5
100.0
100.0
100.0
0
100.0
100.0
100.0
25.0
0
36.5
77.1
89.6
71.9
42.7
1975
1976
1977
1978
1979
....
....
....
....
25.0
100.0
75.0
50.0
25.0
0
100.0
100.0
87.5
75.0
12.5
75.0
100.0
100.0
100.0
75.0
100.0
100.0
100.0
0
50.0
75.0
75.0
75.0
87.5
75.0
100.0
100.0
100.0
62.5
100.0
100.0
100.0
75.0
75.0
100.0
75.0
75.0
100.0
50.0
100.0
100.0
100.0
75.0
37.5
100.0
62.5
100.0
100.0
87.5
62.5
100.0
87.5
100.0
62.5
100.0
100.0
87.5
100.0
37.5
66.7
90.6
91.7
88.5
58.3
1980
1981
1982
1983
1984
100.0
62.5
0
75.0
100.0
50.0
50.0
87.5
25.0
87.5
37.5
75.0 '
50.0
100.0
87.5
0
75.0
25.0
100.0
75.0
0
37.5
62.5
100.0
75.0
25.0
87.5
0
100.0
100.0
25.0
87.5
12.5
100.0
75.0
100.0
25.0
0
50.0
75.0
87.5
12.5
0
100.0
75.0
100.0
0
25.0
100.0
50.0
75.0
0
75.0
100.0
100.0
75.0
0
37.5
100.0
87.5
56.3
42.7
31.3
87.5
82.3
1985
1986
1987
1988
1989
50.0
75.0
25.0
75.0
100.0
100.0
50.0
100.0
87.5
50.0
100.0
50.0
75.0
100.0
75.0
100.0
100.0
100.0
75.0
75.0
75.0
37.5
75.0
100.0
25.0
50.0
25.0
75.0
100.0
75.0
25.0
50.0
100.0
75.0
50.0
100.0
100.0
100.0
75.0
75.0
100.0
100.0
50.0
50.0
37.5
50.0
75.0
100.0
100.0
50.0
100.0
100.0
25.0
75.0
100.0
75.0
100.0
100.0
100.0
75.0
77.1
71.9
77.1
84.4
65.6
25.0
100.0
100.0
50.0
100.0
100.0
50.0
50.0
25.0
25.0
25.0
54.2
951. Diffusion index of 4 coincident indicator components (percent rising over 6-month span)
1948 .
1949 .
o
100.0
0
100.0
0
100.0
25.0
100.0
0
75.0
50.0
50.0
50.0
0
100.0
0
75.0
100.0
33.3
100.0
75.0
62.5
100.0
25.0
100.0
50.0
50.0
100.0
37.5
100.0
50.0
100.0
62.5
25.0
100.0
50.0
100.0
25.0
50.0
100.0
62.5
100.0
25.0
50.0
100.0
75.0
100.0
25.0
100.0
100.0
500
100.0
0
100.0
75.0
100.0
100.0
0
100.0
75.0
100.0
100.0
0
100.0
75.0
100.0
100.0
0
100.0
93.8
74.0
92.7
44.8
57.3
100.0
50.0
50.0
0
100.0
100.0
25.0
62.5
37.5
100.0
100.0
50.0
25.0
75.0
75.0
100.0
100.0
25.0
100.0
50.0
100.0
100.0
25.0
100.0
12.5
100.0
100.0
12.5
100.0
50.0
100.0
100.0
0
100.0
50.0
100.0
100.0
0
100.0
100.0
75.0
100.0
0
100.0
100.0
97.9
82.3
27.1
67.7
78.1
25.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
12.5
100.0
100.0
100.0
100.0
25.0
100.0
100.0
100.0
100.0
0
100.0
100.0
1000
100.0
0
100.0
100.0
100.0
100.0
0
100.0
100.0
100.0
100.0
100.0
100.0
0
100.0
100.0
25.0
100.0
100.0
100.0
100.0
25.0
100.0
100.0
100.0
100.0
34.4
91.7
100.0
100.0
100.0
100.0
75.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
75.0
100.0
100.0
100.0
100.0
50.0
100.0
100.0
100.0
100.0
50.0
100.0
75.0
100.0
100.0
50.0
100.0
95.8
91.7
100.0
85.4
1950
1951
1952
1953
1954
.
.
.
.
.
100.0
75.0
100.0
100.0
0
100.0
100.0
100.0
100.0
0
1955
1956
1957
1958
1959
.
.
.
.
.
100.0
100.0
50.0
0
100.0
100.0
62.5
75.0
0
100.0
1960
1961
1962
1963
1964
.
.
.
..
.
100.0
25.0
100.0
100.0
100.0
100.0
75.0
100.0
100.0
100.0
50.0
100.0
100.0
100.0
100.0
1965
1966
1S67
1968
1969
.
.
.
.
..
100.0
100.0
75.0
100.0
100.0
100.0
100.0
75.0
100.0
100.0
100.0
100.0
75.0
100.0
100.0
50.0
100.0
100.0
100.0
100.0
100.0
10O.0
75.0
100.0
100.0
1970
1971
1972
1973
1974
.,
..
.,
..
.,
50.0
100.0
100.0
100.0
50.0
50.0
100.0
100.0
100.0
25.0
12.5
10O.0
100.0
75.0
50.0
25.0
100.0
100.0
75.0
75.0
25.0
100.0
100.0
75.0
50.0
50.0
100.0
100.0
75.0
50.0
0
100.0
100.0
100.0
75.0
0
100.0
100.0
100.0
0
0
100.0
100.0
100.0
0
50.0
100.0
100.0
75.0
0
37.5
100.0
100.0
50.0
0
75.0
100.0
100.0
50.0
0
31.3
100.0
100.0
81.3
31.3
1975
1976
1977
1978
1979
..
..
..
..
..
0
100.0
100.0
100.0
75.0
0
100.0
100.0
100.0
100.0
0
100.0
100.0
100.0
87.5
12.5
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
50.0
100.0
100.0
100.0
100.0
25.0
100.0
87.5
100.0
100.0
100.0
100.0
100.0
100.0
100.0
75.0
100.0
100.0
100.0
100.0
75.0
100.0
100.0
75.0
100.0
100.0
100.0
100.0
100.0
100.0
75.0
100.0
100.0
100.0
100.0
50.0
67.7
99.0
97.9
100.0
76.0
1980
1981
1982
1983
1984
..
..
..
..
..
25.0
75.0
0
100.0
100.0
0
75.0
50.0
100.0
100.0
0
75.0
12.5
100.0
100.0
0
75.0
25.0
100.0
100.0
0
75.0
0
100.0
100.0
12.5
50.0
0
100.0
100.0
50.0
50.0
0
100.0
100.0
100.0
25.0
0
100.0
100.0
100.0
0
0
100.0
100.0
100.0
0
37.5
100.0
750
100.0
0
50.0
100.0
75.0.
100.0
0
75.0
100.0
100.0
49.0
41.7
20.8
100.0
95.8
1985
1986
1987
1988
1989
..
..
..
..
..
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
75.0
75.0
100.0
75.0
100.0
75.0
100.0
100.0
75.0
100.0
75.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
75.0
75.0
100.0
100.0
25.0
75.0
100.0
100.0
100.0
75.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
50.0
100.0
100.0
100.0
100.0
75.0
75.0
100.0
100.0
100.0
100.0
93.8
91.7
97.9
100.0
79.2
1990 ..
100.0
100.0
100.0
100.0
100.0
50.0
.
75.0
50.0
NOTE—Diffusion indexes are centered within the spans: 1-month indexes are placed on the ending month, and 6-month indexes are placed on the 4th month.
50.0
C-29
SURVEY OF CURRENT BUSINESS
October 1991
Historical Data for Selected Series-Continued
YEAR
Mar.
Feb.
Jan.
Apr.
May
June
Aug.
July
Annual
Dec.
Nov.
Oct.
Sept
952. Diffusion index of 7 lagging indicator components (percent rising over 1-month span)
1348
1949
5S!3
75.0
58.3
50.0
41.7
58.3
33.3
58.3
58.3
66.7
25.0
91.7
41.7
75.0
25.0
75.0
25.0
50.0
83.3
75.0
25.0
33.3
66.7
58.3
75.0
58.3
75.0
25.0
41.7
66.7
41.7
75.0
25.0
16.7
58.3
75.0
58.3
25.0
41.7
58.3
41.7
100.0
16.7
41.7
58.3
75.0
66.7
25.0
41.7
58.3
91.7
50.0
25.0
58.3
58.3
58.3
41.7
33.3
75.0
41.7
8.3
58.3
16.7
91.7
66.7
58.3
58.3
25.0
66.7
58.3
58.3
50.0
41.7
75.0
667
58.3
58.3
58.3
50.0
83.3
75.0
58.3
58.3
54.9
62.5
58.3
62.5
31.3
50.G
75.0
71.4
21.4
50.0
41.7
75.0
28.6
42.9
64.3
58.3
75.0
64.3
35.7
78.6
41.7
83.3
78.6
7.1
71.4
75.0
100.0
85.7
14.3
85.7
91.7
66.7
50.0
14.3
71.4
58.3
78.6
78.6
14.3
78.6
100.0
42.9
50.0
7.1
92.9
83.3
57.1
78.6
42.9
85.7
100.0
35.7
50.0
35.7
85.7
83.3
71.4
786
35.7
286
58.3
42.9
57.1
78.6
28.6
70.1
67.0
64.3
29.2
68.5
35.7
50.0
85.7
57.1
42.9
64.3
28.6
64.3
42.9
57.1
92.9
21.4
64.3
42.9
57.1
64.3
50.0
71.4
57.1
64.3
85.7
21.4
78.6
71.4
35.7
64.3
21.4
78.6
71.4
85.7
50.0
21.4
64.3
57.1
42.9
42.9
64.3
57.1
92.9
78.6
42.9
71.4
50.0
64.3
64.3
28.6
57.1
42.9
57.1
78.6
78.6
50.0
64.3
786
42.9
35.7
85.7
50.0
64.3
50.0
57.2
45.2
64.3
63.1
58.3
78.6
71.4
42.9
50.0
78.6
57.1
71.4
57.1
64.3
71.4
50.0
50.0
50.0
78.6
57.1
71.4
92.9
35.7
78.6
78.6
71.4
71.4
50.0
42.9
85.7
57.1
78.6
64.3
78.6
85.7
50.0
78.6
57.1
57.1
50.0
64.3
57.1
14.3
64.3
42.9
64.3
57.1
64.3
57.1
64.3
64.3
50.0
50.0
57.1
64.3
64.3
78.6
28.6
57.1
64.3
71.4
57.1
57.1
64.3
57.1
63.7
67.9
47.6
62.5
66.7
7e.e
23.6
14.3
78.6
57.1
57.1
50.0
28.6
85.7
50.0
42.9
28.6
64.3
71.4
28.6
42.9
7.1
42.9
100.0
50.0
35.7
42.9
78.6
64.3
71.4
50.0
28.6
50.0
71.4
57.1
28.6
71.4
42.9
64.3
50.0
57.1
92.9
35.7
42.9
64.3
7.1
50.0
35.7
85.7
64.3
42.9
21.4
42.9
57.1
42.9
21.4
28.6
50.0
57.1
71.4
7.1
42.9
57.1
64.3
42.9
39.3
41.1
45.3
70.2
54.2
28.6
28.6
42.9
78.6
71.4
35.7
42.9
64.3
71.4
64.3
28.6
42.9
64.3
85.7
57.1
0
50.0
71.4
50.0
92.9
0
50.0
71.4
85.7
50.0
0
57.1
71.4
71.4
71.4
42.9
50.0
64.3
85.7
71.4
14.3
57.1
78.6
71.4
57.1
28.6
57.1
64.3
78.6
85.7
50.0
64.3
71.4
50.0
57.1
28.6
28.6
85.7
92.9
64.3
57.1
S5.7
42.9
71.4
50.0
26.2
47.0
66.1
74.4
66.1
71.4
35.7
64.3
28.6
57.1
71.4
42.9
28.6
50.0
92.9
57.1
42.9
28.6
42.9
64.3
57.1
71.4
28.6
28.6
85.7
57.1
100.0
35.7
21.4
78.6
50.0
71.4
64.3
57.1
57.1
0
50.0
35.7
42.9
85.7
0
64.3
57.1
71.4
92.9
28.6
85.7
35.7
57.1
85.7
14.3
71.4
14.3
42.9
64.3
50.0
57.1
14.3
78.6
50.0
50.0
57.1
28.6
78.6
64.3
42.3
62.5
36.3
50.0
73.2
71.4
64.3
64.3
85.7
57.1
42.9
50.0
28.6
50.0
85.7
57.1
85.7
64.3
57.1
64.3
28.6
21.4
50.0
57.1
42.9
57.1
42.9
50.0
50.0
64.3
57.1
50.0
50.0
64.3
50.0
78.6
50.0
35.7
50.0
57.1
57.1
28.6
35.7
64.3
57.1
50.0
28.6
85.7
71.4
35.7
71.4
78.6
71.4
64.3
50.0
50.0
357
50.0
71.4
50.0
71.4
28.6
35.7
42.9
42.9
57.7
47.0
51.8
60.7
54.8
28.6
42.9
50.0
50.0
35.7
50.0
50.0
21.4
35.7
50.0
357
57.1
42.3
. . .
1950
1951
1952
1953
1954
. . .
1955
1956
1957
1958
1959
.
1960
1961
1962
1963
1964
.
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
.
1975
1976
1977
1978
1979
.
1980
1981 .
1982
1983 .
1984
1985
1986
1987
1988
1989
..
1990
...
45"i
952. Diffusion index of 7 lagging indicator components (percent rising over 6-month span)
1948 .
1949
58.3
41.7
41.7
750
41.7
667
33.3
833
25.0
667
41.7
100.0
25.0
91.7
33.3
1000
25.0
750
58.3
75 0
58.3
40.3
1950
1951
1952
1953
1954
58.3
83.3
58.3
91.7
41.7
58.3
83.3
66.7
91.7
16.7
58.3
66.7
66.7
100.0
0
41.7
83.3
58.3
100.0
8.3
41.7
75.0
58.3
83.3
0
66.7
58.3
58.3
83.3
0
83 3
667
58.3
66.7
8.3
100.0
66.7
41.7
66.7
8.3
100.0
58.3
41.7
75.0
8.3
83.3
66.7
41.7
58.3
25.0
83.3
83.3
58.3
58.3
41.7
83.3
83.3
58.3
50.0
41.7
71.5
72.9
55.6
77.1
16.7
41.7
100.0
78.6
28.6
71.4
41.7
100.0
78.6
14.3
85.7
50.0
100.0
78.6
0
85.7
58.3
100.0
64.3
0
85.7
91.7
100.0
85.7
0
100.0
83.3
83.3
85.7
0
100.0
100.0
75.0
71.4
14.3
100.0
91.7
75.0
71.4
28.6
100.0
91.7
57.1
57.1
28.6
100.0
100.0
71.4
57.1
28.6
857
83.3
71.4
57.1
71.4
57.1
100.0
64.3
42.9
71.4
57.1
77.8
83.1
690
238
85.7
1960
1961
1962 .
1963 . - " . ' " " [
1964
50.0
28.6
78.6
50.0
64.3
64.3
21.4
92.9
643
35.7
78.6
21.4
78.6
500
42.9
78.6
21.4
92.9
64.3
35.7
71.4
21.4
85.7
85.7
50.0
71.4
21.4
64.3
929
5o!o
57.1
21.4
64.3
85.7
57.1
57.1
28.6
50.0
92.9
64.3
35.7
50.0
57.1
78.6
64.3
42.9
64.3
64.3
85.7
78.6
42.9
71.4
50.0
64.3
64.3
35.7
64.3
357
64.3
64.3
57.1
36.3
67.9
732
56.0
1965
1966
1967
1968
1969
64.3
92.9
57.1
64.3
78.6
64.3
100.0
42.9
78.6
100.0
78.6
100.0
57.1
85.7
100.0
50.0
85.7
57.1
71.4
100.0
78.6
85.7
57.1
100.0
78.6
78.6
85.7
42.9
85.7
78.6
64.3
71.4
57.1
78.6
92.9
64.3
85.7
42.9
57.1
71.4
85.7
71.4
42.9
71.4
57.1
71.4
57.1
42.9
85.7
78.6
71.4
42.9
57.1
57.1
78.6
857
42.9
57.1
78.6
57.1
71.4
76.8
51.2
76.2
81.0
1970
1971
1972
1973
1974
57.1
28.6
42.9
85.7
100.0
42.9
28.6
28.6
100.0
100.0
42.9
14.3
42.9
100.0
85.7
42.9
14.3
71.4
100.0
57.1
42.9
35.7
71.4
71.4
57.1
28.6
42.9
71.4
85.7
71.4
28.6
57.1
71.4
71.4
57.1
28.6
57.1
42.9
71.4
50.0
14.3
42.9
42.9
100.0
57.1
21.4
14.3
64.3
71.4
57.1
14.3
0
71.4
85.7
42.9
28.6
28.6
857
64.3
28.6
32.8
30.4
58.9
83.9
63.7
28.6
42.9
57.1
85.7
85.7
28.6
42.9
57.1
71.4
78.6
0
28.6
78.6
78.6
100.0
0
57.1
71.4
71.4
85.7
0
64.3
929
71.4
78.6
0
71.4
100.0
71.4
85.7
14.3
57.1
85.7
78.6
71.4
28.6
28.6
78.6
71.4
B5.7
28.6
42.9
78.6
92.9
57.1
14.3
57.1
85.7
78.6
57.1
14.3
57.1
857
85.7
71.4
28.6
57.1
78.6
57.1
57.1
15.5
50.6
79.2
76.2
76.2
1980
1981
1982
1983
1984
71.4
42.9
42.9
14.3
92.9
71.4
78.6
14.3
14.3
100.0
57.1
64.3
28.6
28.6
85.7
28.6
71.4
28.6
28.6
92.9
28.6
57.1
28.6
28.6
85.7
28.6
85.7
28.6
42,9
100.0
0
85.7
28.6
57.1
92.9
0
71.4
14.3
71.4
71.4
14.3
57.1
7.1
85.7
85.7
28.6
71.4
7.1
857
71.4
28.6
71.4
14.3
85.7
71.4
28.6
50.0
14.3
857
57.1
32.2
67.3
21.4
52.4
83.9
1985
1986
1987
1988
1989
42.9
57.1
42.9
78.6
78.6
42.9
64.3
42.9
85.7
85.7
50.0
42.9
35.7
85.7
85.7
64.3
50.0
57.1
57.1
85.7
57.1
42.9
57.1
71.4
57.1
57.1
28.6
71.4
85.7
42.9
71.4
28.6
57.1
50.0
71.4
64.3
28.6
85.7
71.4
71.4
57.1
42.9
64.3
78.6
50.0
71.4
28.6
85.7
71.4
42.9
85.7
28.6
857
92.9
28.6
857
357
71.4
92.9
28.6
62.5
39.9
63.1
76.8
607
28.6
35.7
42.9
35.7
50.0
50.0
50.0
50.0
357
35.7
35.7
42.9
41.1
.
. .
.
1955
1956 .
1957 .
1958
1959
1975
1976
1977 .
1978
1979
1990
.
.
NOTE.—Diffusion indexes are centered within the spans: 1-month indexes are placed on the ending month, and 6-month indexes are placed on the 4th month.
C-30
SURVEY OF CURRENT BUSINESS
October 1991
Historical Data for Selected Series—Continued
YEAR
FeO.
Jan.
Apr.
Ma/.
May
June
Aug.
July
Ott
Sept
Dec.
Nov.
Annual
1. Average vveekJy hours of production or nonsupervisory workers, manufacturing (hours)
1043
1949
40.4
394
402
394
40.4
391
40.4
388
402
38.9
40.2
33.9
40.1
39.1
40.0
39.0
396
39.4
39.7
39.4
39.7
390
39.5
39.3
40.0
39.1
1950
1951
1952
1953
1954
396
408
4Q7
410
395
397
40.8
407
410
39.7
397
41.0
406
411
395
40.1
412
401
41.1
39.4
402
40.9
40.4
40.9
395
40.5
40.7
40 5
407
396
40.8
40.5
40.1
40.6
398
41.1
402
40 5
40.4
397
408
40.4
41.0
39.8
39-5
40.9
402
41 1
40.0
39.6
40.9
40.3
410
39.8
40.1
40.8
40.6
41 1
39.6
40.0
40.5
40.6
407
40.5
39.6
1955
1956
1957
1958
1959
40.3
40 8
403
388
40.1
40.5
406
40.4
386
402
40.7
40.4
402
387
40.4
40.6
40.6
40.1
38.6
40.5
40.9
402
398
388
406
40.6
40.1
39.9
39.0
40.5
40.6
402
39.9
392
402
40.6
40.2
39.8
39.4
40.3
407
40.4
39.7
39.6
40.1
40.9
40.5
39.3
39.5
40.1
41.0
40.4
392
33 8
39.8
40.8
40.5
39.0
39.8
402
40.7
40.4
39.8
39.2
40.3
1960
1961
1962
1963
1964
40.5
302
400
40.4
40.1
40.1
33.3
403
40.3
40 6
39.9
394
40.5
40.4
406
39.7
39.6
40.7
402
408
40.0
39.6
40.5
40.5
40.7
39.8
39.9
404
40.6
407
39.8
40.0
40 4
40.5
40.8
397
40.1
40.3
40.4
40.9
39.4
395
40 5
40.6
40.5
39.6
40.2
402
40.6
40.6
392
40.5
403
40.5
40.8
38.4
40.3
40 2
40.6
41.1
39.7
39.8
404
40.5
407
412
41.4
4V0
403
40.7
41 2
41.$
40.4
409
40.4
41 4
41.5
40.4
40,7
40 8
41 0
4i!5
40,5
400
40.7
412
41.4
40.4
40.9
40.7
41 1
4U
40.4
409
407
41 1
412
40.5
40.8
40.6
41.0
414
40.6
407
40.6
408
4U
40.7
40.9
407
41 2
4U
40.6
40.9
40.6
41 3
412
40.6
408
40.4
41 4
40S
407
407
40.5
41.2
41^4
40.6
40.7
40^6
402
1965
1966
1967
1968
1969
_
1970
1971
1972
1973
1974
404
399
397
402
404
40.5
40.4
40.9
40.4
40.1
398
404
40.8
40.4
39.9
39.7
40.7
40.9
393
39.8
39.9
40.5
40.7
40.3
39.9
40.0
40.6
40.6
402
40.0
39.9
40.5
40.7
40.2
39.8
39.8
40.6
40.5
40.2
39.3
39.4
40.6
407
40.0
39.5
39.9
407
40.6
40.0
395
40.0
40.8
407
39.5
39.5
402
405
40.6
39.3
39.8
39.9
40.5
407
40.0
1975
1976
1977
197B
1979
392
40.5
397
396
405
389
40.3
40.3
399
405
388
402
40.2
40.5
40.6
392
39.6
40.4
408
392
39.0
40.3
40.4
40.4
402
392
402
40.5
40.5
40.2
394
40.3
40.3
40.6
40.2
39 7
40.1
40.4
40.5
40.1
399
39.8
40.4
40.6
402
398
40.0
40.5
40.5
402
39.9
40.1
40.4
40.6
40.1
402
40.0
40.4
40.6
402
39 5
40.1
40.3
40.4
402
1980
1931
1982
1983
1984
40.0
40.1
33.0
394
40.7
40.1
39.9
396
392
41.0
39.8
40.0
391
396
40.7
39.5
40.1
38.9
398
40.9
39.3
40.1
39.0
40.0
407
392
40.0
39.1
40.1
407
39.1
39.9
392
40.3
40.6
39.4
39.9
39.0
40.3
40.5
39.6
397
390
406
40.5
39.8
39.7
38.9
407
40.5
40.0
39.4
39.1
40.6
40.5
40.3
39.4
39.1
40.6
40.6
39.7
39.8
38.9
40.1
407
40.4
408
409
41,1
41.1
40.1
406
412
41.0
41.1
40.4
40.8
410
41.0
41.1
40.3
40.6
40.9
41.1
412
40.4
407
41.0
41.0
41.0
40.5
40.8
41.0
41.1
41.0
40.4
40.6
41.0
41.1
40.9
40.6
408
41.0
41.0
40.9
40.6
407
40.9
41.1
40.9
40.7
407
41.1
41.1
407
407
40.8
412
412
40.8
40.9
40.9
41.1
41.0
40.6
40.5
40.7
41.0
41.1
41.0
407
40.8
40.9
40.7
409
40.9
40.9
40.9
40.9
407
40.6
407
40.8
1985
1966
1987
1983
1989
. .„
1990
5. Average weekly initial dams for unemployment insurance. State programs (thous.)
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958 ...
1959
206
305
166
_
285
294
288
181
201
177
318
174
221
175
303
."."
240
22$
225
407
256
218
242
354
292
284
271
429
295
301
270
248
219
231
196
186
256
286
262
223
315
532
281
210
379
239
377
219
359
194
340
202
385
218
320
203
336
211
344
234
298
209
343
166
209
188
320
263
199
219
179
313
250
199
213
198
313
252
209
242
195
314
223
236
315
207
294
170
254
207
229
319
132
242
168
238
322
194
234
175
251
315
200
210
169
293
276
197
213
190
230
253
232
210
211
218
305
228
221
219
436
258
228
223
239
438
244
222
236
244
400
246
222
227
246
410
258
223
245
267
350
264
233
224
235
363
291
204
236
305
338
271
224
214
302
314
311
215
223
320
311
351
214
230
355
320
275
226
227
267
370
279
303
379
287
288
277
294
381
283
293
2$5
316
358
301
288
262
322
334
304
284
257
335
348
303
282
260
363
316
305
290
244
351
329
300
373
304
304
282
249
385
305
299
276
262
381
296
310
301
251
331
348
299
290
260
237
182
256
194
185
237
179
224
192
236
195
182
224
194
231
194
197
231
199
231
192
195
248
195
212
199
196
194
195
209
203
220
188
202
212
208
209
190
211
206
219
204
190
210
228
201
225
194
193
262
294
258
227
302
326
231
260
238
302
290
262
234
294
291
289
286
233
314
273
285
272
232
294
287
325
246
247
350
319
307
245
241
374
329
294
250
244
419
322
283
241
251
473
299
265
236
284
494
292
291
257
240
351
491
394
358
331
358
442
393
370
347
377
449
389
368
339
383
447
410
363
321
378
420
409
357
326
400
393
390
347
340
420
364
361
342
347
428
468
381
368
338
379
420
551
531
378
386
430
446
573
426
366
201
333
276
I960
1961
1962
1963
1964
301
310
283
1965
1S66
1967
1968
1969
243
222
196
206
179
1970
1971
1972
1973
1974
240
292
264
226
294
1975
1976
1977 .
1978
1979 „
522
360
394
343
353
340
427
381
352
536
358
346
335
346
411
496
392
378
324
341
416
424
£63
507
364
397
410
514
478
345
438
413
566
479
348
532
395
566
470
360
616
401
585
453
343
581
405
551
406
350
510
395
533
380
365
495
421
605
408
358
438
483
653
387
368
447
517
651
405
422
539
616
381
397
1985
1986
1987
1988
1989 .
378
3T5
355
345
298
402
348
310
• 304
389
395
326
302
320
387
371
313
299
301
383
370
321
304
314
392
374
320
295
328
381
363
286
323
338
375
376
299
299
316
381
330
294
290
323
367
361
289
291
358
371
351
303
298
344
391
350
308
304
360
383
370
314
305
325
1990
369
352
347
357
346
350
365
370
337
425
460
455
382
1980
1981 _
1982
1963
1984 "
393
"
"..
373
259
193
181
2S9
521
371
371
322
285
245
218
197
217
38$
C-31
SURVEY OF CURRENT BUSINESS
October 1991
Historical Data for Selected Series—Continued
Apr.
Mar.
Fet).
Jan.
YEAR
May
June
Aug.
July
Annual
Dec.
Nov.
Oct.
Sepi
6. Manufet&sets' new orders in 1982 dotta,*s. consumer goods and materials industries (bfi. $)
28.07
2506
27.81
2427
2930
23.77
28.50
22.71
29.36
22.82
3159
21.78
31.07
23.31
30.64
2639
28.93
2722
27.99
25.42
27.11
2654
25.95
26.06
346.32
29535
£8.09
4614
32.84
42.17
31.11
2821
41.27
33.04
40.40
32.75
28.01
42.38
36.92
4097
32.86
29.32
3858
38.10
42.38
33.00
32.70
37.05
3355
4127
33.00
3238
35.87
38.97
40.52
34.69
41.08
35.67
36.62
40,11
33.17
46.00
3257
35.76
35.03
34.15
36.33
3125
37.73
3134
3532
36.67
34.62
35.78
30.32
3635
33.42
3337
35.92
30.86
3852
35.39
32.30
3851
31.14
4129
40820
441.07
434.04
44551
41651
4331
4197
4047
35 73
42.95
42.37
41.72
42.15
32.93
46.12
46.00
41.45
4129
3390
46.36
44.77
42.06
39.97
33.79
45.52
44.43
40.74
39.79
3522
4430
45.32
39.79
40.13
36.79
4425
46.16
40.04
38.54
37.62
42.88
4477
40.61
38.99
3955
4036
44.05
39.56
39.13
38.92
40.61
4355
4056
37.46
39.84
40.60
45.18
41.02
35.99
41.84
4020
44.30
41.40
33.94
41.36
43.38
534.81
49222
457.85
447.49
518.13
4224
3S.17
47,10
47,53
52.36
41.25
38.10
46.07
49.06
51.12
40.31
40.72
45.97
49.47
50.76
40J1
42.19
43.91
51.00
53.42
4054
43.61
44.96
49.67
52.41
4122
44.46
44.46
48.19
53.02
40.86
42.81
4570
50.18
54,81
42.04
4433
46.48
47.72
5257
41.99
44.47
4632
48.79
56.09
4054
44.42
4758
50.60
52.89
40.18
46.81
47.44
50.43
5424
39.94
48.37
4626
50.02
56.13
491.62
519.06
552.65
592.68
63952
57.42
£1.44
6008
64 42
68.57
57.46
6229
59.85
65 02
68 40
57.64
64.66
59.50
65.C2
68.52
57.61
63.19
60.12
64.51
68.43
57.40
6222
61.16
65.B3
6833
5737
6231
6152
6562
6737
5975
61.40
6039
65.16
68.49
5956
61.55
63.91
62.01
68.39
5550
62.93
61.92
68.61
6950
58.46
63.04
60.83
69.06
6936
60.65
61.35
6250
6962
66.67
62.02
60.89
67.62
67.77
66.93
701.94
74757
740.30
792.85
619.56
6347
65.54
6382
82.06
D037
62.91
65.56
70.65
83.36
79.77
62.55
65.94
7023
8360
77.81
6226
64.42
7049
80.70
78.66
6328
63.85
7126
8254
80.83
64.44
6331
72.69
81.42
7932
6231
64.10
70.98
6151
7631
62.73
65.82
7451
81.19
76.60
62.44
65.48
7727
80.34
7358
5855
65.15
76.54
81.49
7126
5820
6659
77.94
8222
69.12
64.31
68.00
79,98
7924
62.77
748.05
783.76
881.36
979.67
907.00
61.96
70.70
7915
81 13
68.43
61.91
72.36
79.35
82.46
86.96
59.24
73 86
83.30
84.43
89.30
61.91
7326
80.67
88 33
85.72
6254
74.39
81.74
87.76
87.41
63.34
74.89
8278
8849
8738
66.64
7423
82.38
66.63
6453
6830
74.64
82.60
87.82
8259
68.34
74.37
62.66
87.01
83.79
6820
7259
8224
88.11
8150
67.69
75.B0
6427
8887
8074
68.57
78.84
64.53
91.15
8022
77864
68933
986.07
1,042.19
1,019.17
1930
1981
1982
1983
1984
61.62
74,15
68.60
71.47
66.10
82.00
77.56
69.22
72.67
8656
77.30
77.66
72.75
72.25
85.02
71.39
78.85
70.69
73 e9
84.56
68.08
79 45
7055
76.07
85.16
68.85
79.80
7126
7758
83.33
71.16
78.18
7126
7837
85.68
73.36
75.36
6922
79.42
85.84
76.84
74.11
70.46
80.14
62.63
8026
71.61
67.39
83.00
B3.37
7924
69.99
6733
83.45
8420
79.18
69.89
67.98
84.82
63.66
90928
906.61
837.01
933.73
1,016.11
1965
1986
1987
1983
1989
8894
69.50
86.39
90.70
S7.72
8295
86 45
90.34
91.54
95.90
84 24
85.15
9128
91.04
92.00
8347
86.75
91.02
90.32
95.31
8518
84.14
90.44
55.16
92.96
85.01
87.36
9301
92.58
93.11
8422
85.77
9228
9317
8929
85 45
86.32
91.13
92.54
9470
8632
88.79
93.15
94.39
95.03
8524
87.86
93.52
9322
92.94
66.06
8433
92.52
94.38
94.98
84.82
89.98
91.35
9979
93.12
1,02250
1,043.05
1.056.43
1,113.85
1.127.06
1990
89.00
91.56
9459
93.61
9639
94.67
93 60
96.32
92.32
93.07
87.67
83.11
1.106.31
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
195B
1959
_„
„.„..
-..
„
I960
1%1
1962
19$3
1964 „
„„
_..
1965
1966
1967
1968
1969
1970
ig71
1972
1973
1974
,„...„„
1975
1976
1977
1978
1979
....
19. Index of stock prices, 500 common stxks. NSA (1941-43*10)
14.83
1536
1948
1949
14.10
14.77
14.30
14.91
1540
14.89
16.15
14.78
1682
13.97
16.42
1476
15.94
1529
15.76
15.49
16.19
1559
1529
16.11
15.19
16.54
15.53
1523
1874
21.55
24.33
2395
28.96
17.38
21.93
2508
2429
30.13
18,43
22.89
2518
24.39
30.73
19.08
23 48
24.78
2327
31.45
19.87
2336
24.26
2397
32.18
19.83
2271
25.C3
24.50
33.44
19.75
23.41
26.04
24.83
34.97
18.40
22.33
2450
2473
29.59
1950
1951
1952
1953 .
1954
16.88
21.21
2419
££.18
2546
1721
22.00
23.75
25.86
26.02
17.35
2163
2381
25 99
2657
17.84
21.92
2374
2471
27.63
18.44
21.93
23.73
24 84
28.73
1955 ...
1956 .
1957 .
1958 .
1959
35.60
44.15
45.43
41,12
5562
36.79
44 43
43.47
4126
54.77
36.50
47.49
44.03
42.11
56.15
37.76
4805
45.05
42.34
57.10
37.60
46.54
46.78
43.70
5736
39.78
4627
4755
44.75
57.46
42.69
48.78
48.51
45.98
5974
4243
48.49
4584
47.70
59.40
44.34
45.84
43.98
48.96
57.05
42.11
4654
4124
50.95
57.00
4435
4576
40.35
52.50
5723
45.37
46.44
40.33
53.49
59.06
40.49
46.62
44.38
4624
57.38
1960 .
1961
1962
1963
1964
.. ..
5803
59.72
6907
65.06
76.45
5578
62.17
7022
65.92
77.39
5502
64.12
7029
65.67
7880
55.73
65.83
68.05
68 76
79.94
5522
66.50
62.99
70.14
80.72
5726
65 62
55.63
70.11
8024
55.84
65.44
56.97
69 07
8322
5651
67.79
58.52
7038
82.00
5451
6726
58.00
72.85
83.41
53 73
68.00
56.17
73 03
84 85
5547
71.08
60.04
72.62
65.44
56.80
71.74
62.64
74.17
83.96
55.85
6527
62.38
69.66
81.37
.
.
85.12
9332
e4 45
9504
102.04
8675
92.69
87.36
9075
101.46
66 83
68.88
89 42
89 09
99.30
87.97
91.60
90.96
95.67
10126
89.28
86.78
9259
97.87
104.62
85.04
85.06
91.43
100.53
99.14
84.91
85.84
93.01
10030
94.71
86.49
80.65
94.49
98.11
94.18
89.38
77.81
95.81
101.34
94.51
91.39
77.13
9566
103.76
95.52
92.15
80.99
92.66
10540
9621
91.73
31.33
95.30
106.48
91.11
88.17
85.26
91.93
98.70
97.64
1970
1971
1972
.
1973 . .
1974
.
90.31
9349
103 30
118 42
96.11
87.16
97.11
105.24
11416
93.45
88 65
99 60
107.69
11242
97.44
85 95
103 04
10881
11027
92 46
76.06
101.64
107.65
10722
89.67
75.59
9972
108.01
104.75
89 79
75.72
99.00
10721
105.83
82.82
77.92
9724
111.01
103.80
76.03
82.58
99.40
109.39
105.61
68.12
84 37
9729
109.56
10954
69.44
8428
92.78
115,05
102.03
7174
90.05
99.17
11750
94.78
67.07
B322
98.29
10920
107.43
82.35
1975
1976
1977
1978
1979
72.56
96 86
103.81
9025
99.71
8010
100.64
100.96
8398
9823
83.78
101.06
100.57
8882
100.11
84.72
10193
99 05
92.71
102.07
90.10
101.16
98.76
97.41
99.73
92.40
101.77
9929
97.66
101.73
92.49
10420
100.18
97.19
10271
85 71
10329
9775
10332
10736
84.67
105 45
9623
103.86
10860
B8.57
101.89
9374
100.58
104.47
90.07
101.19
94.23
94.71
103.66
88 70
104.66
33.82
96.11
107.78
66.16
102.01
S8.20
95.02
103.01
1980
1981
1982
1933
1984 [
110.87
13297
117.28
14427
166.39
115.34
128.40
114 50
146.80
15725
104.69
133.19
110.84
151.88
157.44
102.97
134.43
116.31
157.71
157.60
107.69
13173
116.35
164.10
156.55
114,55
132.28
10970
166.39
153.12
11953
129.13
109 38
16536
151.08
12350
129.63
109.65
162.42
164 42
12651
11827
122.43
167.16
166.11
130.22
11980
132 66
167.65
164.82
135 65
122.92
138.10
165.23
16627
133.48
123.79
139.37
164,35
154,48
11878
128.04
11971
160.41
150.46
17161
20819
264.51
250.48
28541
180.88
219.37
280.93
258.13
294.01
179.42
232.33
292.47
265.74
292.71
180.62
237.98
289.32
262,61
30225
184.90
238.46
289.12
256.12
31393
188.69
245.30
301.38
27068
323 73
192.54
240,18
310.09
269.05
331.93
188.31
245.00
329.36
263.73
346.61
184.06
23827
318.66
267.97
347.33
186 IS
237.36
260.16
277.40
347,40
197.45
245.09
245.01
271.02
34022
20726
248.61
240.96
276.51
34857
166,64
236.35
285.83
265 79
222.B4
339.97
330.45
338.47
338.18
35025
360.39
360 03
33075
31541
307.12
31529
32875
33459
1965
1966
1967
1968
1969
1985
1936
1987
1988
1989
19O0
. .
..
„
.',
NSA Not seasonal adjusted
C-32
SURVEY OF CURRENT BUSINESS
October 1991
Historical Data for Selected Series—Continued
YEAR
Jan,
May
Apr.
Mar
Feb
June
July
Annual
Dec.
Nov.
Oct.
Sept
Aug
2C), Contracts and orders (or plant and equipment in 1982 dollars (oil. $]I
1943
1949
734
590
8 45
6 40
8 03
634
688
5 47
766
S64
8 81
622
794
570
7.41
725
681
735
720
743
715
6.72
93.47
75.39
1950
1951
1952
1953
1954
7 34
1355
977
11.07
838
7,27
1384
9 92
11.30
8.50
7.95
12 47
10.06
10 25
7.25
791
1254
9 97
11 16
7.40
9.73
17.71
9.30
10.66
7.62
9.39
11.65
10.54
821
7.82
1125
11.11
10.78
1021
8.17
1387
10.70
9.72
847
821
12.86
9.19
13.42
9.84
878
11.40
1020
9.79
10.55
9.31
11.35
10.22
9.27
897
859
12.06
11.08
11.19
8.11
9.13
122.38
14426
12373
118.80
99.16
1955
1956
1957
1953
1959
945
1190
11.98
8.70
958
1024
1155
11.54
8 39
986
11.83
11,50
11.46
8.35
11.60
11.09
11,60
10.17
8,41
10.39
10.51
1223
10.64
8.49
10.66
11.12
12.35
10.09
8.96
10.86
11.01
11.79
9.82
8.60
11.05
11.58
11.59
10,02
9.88
9.B1
12.19
11.10
8.94
9.86
11.13
11.54
11.04
920
9.54
10.75
12.43
12.44
9.19
9.31
10.10
12.29
11,69
875
9.02
10.67
13528
140.98
121.80
107.51
126.45
1960
1961
1962
1963
1964
10 00
10.82
1108
11,56
14 28
1023
10.50
12.10
11.93
12.90
994
9,90
11.27
11.81
13 40
10.79
1006
11.77
12.13
1352
1080
9.93
1128
13.40
14.54
1044
10.49
11.07
12.16
1494
10.52
10.67
1120
12.02
14.03
10.50
1125
1124
12.35
14.19
10.63
10.50
11.13
12.72
14.39
10.32
1075
11.37
12.98
14.48
9.90
11.46
12.22
13.81
15.50
10.76
10.51
12.60
13.92
1572
124.83
126.84
138,33
150,79
171.89
1965
1966
1967
1968
1969
14.63
1721
14 97
21,12
23,36
14.85
1851
1609
1968
23 05
15.65
18.02
16.46
23 73
20 23
1577
18.71
16.04
18.98
23.45
15.55
18.33
16.52
16.76
21.73
15.14
17.87
17.17
16.84
20.37
15.69
19.12
16.90
20.48
20.75
15.08
17.90
17.49
21.42
21.06
16.40
19.62
17.05
18.03
23.15
16.36
17.62
1730
22.44
20.62
16.05
17.43
1727
18.40
19.94
17.12
17.34
17.62
20.17
19.60
188,34
217.68
200.88
238.05
257.56
1970
1971
1972
1973
1974
22.56
18,39
18.25
23.17
27.12
20.69
19.92
1880
24 69
27.72
1625
1963
20 22
2452
28.12
17.61
1928
19.81
25.17
26 80
17.38
17.96
21.91
25.69
2760
16.90
20.64
18.68
25.52
25.17
18.12
16.44
21.80
26.38
29.94
17.47
19.40
2075
27.16
2676
17.16
1975
23.18
2575
26.07
15.30
17.48
22.13
28.68
24.52
17.40
1882
22.61
28.40
2129
18.98
19.09
23.20
27.02
2372
217.82
226.80
251.34
312.35
314.83
1975
1976
1977
1978
1979
20.92
21.03
22.45
2576
3124
1929
20.30
22 60
2957
33.11
17.67
21.65
21.63
26 69
35.34
21.13
21.24
23 63
26,25
32.84
21.07
1876
2574
2933
2920
20.79
22.36
25.57
26.93
30.45
19.95
24.54
22.45
28.77
31.03
22.39
21.79
25.11
30.03
29.42
18.43
23.57
27.34
30.91
3020
18.33
24.04
23.85
35.74
31.11
17.89
21.81
23.95
30.07
30.41
16.97
22.80
27.25
26.9C
30.28
234.83
263,89
291.57
347.95
374,68
1980
1931
1982
1983
1984
3174
29 93
2663
21.E3
2814
28 40
2624
23 03
21.06
2827
28 72
2857
25.60
2171
28.79
27.90
30.02
24,30
23.28
27,77
24.05
2726
21.59
24.13
31.52
25.90
27.77
21.43
24.51
29.40
27.48
27.56
22.37
22.92
30.46
27.18
2661
2125
24.63
28.94
27.15
25.50
22.16
26,22
28.48
28.46
26.34
22.76
27.39
29.63
26.56
24.89
21.36
25.33
29.97
28.19
23.39
22.66
24.63
28.18
33173
324.08
28024
287.69
349.55
1985
1986
1937
1933
1989
28 62
30 90
32.93
4077
46 84
34 35
34 43
33.72
41.59
42.97
32.39
3171
32 98
33,18
44,52
28.92
30.50
34.77
40.47
46.09
44.18
3373
3178
35.94
40.87
46.39
4717
381.34
383.08
432.69
496.48
550.39
47,91
3176
31.13
36.08
46.29
44.47
41 5fi
33.95
34.37
39.45
44.87
51.59
43.49
31.06
30.78
38.88
4222
47.49
47 4*
30.56
32.75
37.03
41.64
46.15
46.48
31.78
32.06
3728
41.11
4625
43 4ft
33.88
32.01
37.66
40.41
43.67
1990
30.34
30.66
35.97
38.06
43.96
44*1
47.36
42.88
47.00
543.45
84.8
1362
89.4
135.6
862
141.9
82.8
1467
98.4
111.6
153,6
103.9
103.4
1032
116.3
29. Index of new private housing units authorized by local building permits (1967*100)
1943
1949
1094
80.4
100.4
819
1950
1951
1952
1953
1954
157.4
146.3
99.6
1050
101.9
1592
114.9
115,3
110.7
100,4
159.1
104.5
105.6
111.6
105 8
161.9
96.9
103.5
106.3
106.9
161.3
99.3
1012
106.4
108.8
160.7
96.9
101.6
103.5
116.9
182.8
92.9
107.9
100.0
119.9
1582
94.8
107.7
98.4
118.9
1338
1222
115.5
94.6
121.9
126.2
93.2
116.8
99.6
126.2
123.6
90.9
1172
100.1
135.9
158.6
94.2
108.3
102.4
132.1
1955
1956
1957
1953
1959
1364
1098
66.5
91.5
114.7
151.0
106.8
909
78.7
119.6
129.3
1098
91.7
872
1250
132.9
109.5
867
91.9
119,4
133.6
101 9
90.5
962
117.4
1262
100.1
92.5
1027
115.5
126.7
994
862
111.9
112.6
1222
97.0
92.1
1117
113.7
120.4
945
92.4
114.5
109.5
117.9
931
91.1
118.2
105.3
107.5
93 7
88.5
134.1
100.7
107.0
92.8
89.3
115.8
1082
125.9
1007
89.9
104.5
113.5
1960
1961
1962
1963
1964
102.8
91.2
105.5
:i3.o
117.4
102.4
904
112.3
1097
130.6
898
94.0
106.7
113.9
1138
95.6
942
1162
116,6
114.5
99.0
96.6
107.4
1222
117.6
90.1
100.7
108.5
121.8
115.8
93.9
101.9
111.9
119.6
118.1
93.5
109.0
112.9
118.6
118.3
92.6
1032
1150
128.0
114.5
91.4
105.6
111.1
128.1
111.5
92.1
108.3
1162
122.9
113.5
893
1092
116.2
128.8
105.3
94.4
100.4
111.7
120.3
116.3
1965
1966
1967
1968
1969
1145
1200
87.2
103 3
127.9
107.3
1049
795
1176
131.0
1096
111.8
83.7
120 0
126 0
1052
103,7
90.8
1128
126.3
109.3
977
94.3
1137
116.5
112.4
86.6
102.5
1140
118.3
112.0
844
1032
1179
112.0
113.1
79.4
1078
1189
115.4
111,1
702
112.1
123 4
110.7
115.8
669
1122
124 6
106.6
118.3
66.6
113.7
1259
104.4
119.1
672
115.3
121.8
101.3
1123
88.3
1002
1182
116.4
1970
1971
1972
1973
1974
93.1
144 0
192.9
195.7
114.7
930
1392
1869
191.9
1172
992
1542
181.4
177.7
124.1
107.3
1530
184.3
1645
108.1
116.5
172.9
178.1
166.4
98.1
115.8
166.8
188.1
1767
93.6
116.1
181 4
1892
156.8
86,4
1222
1757
195.1
155.9
79.0
125.0
175 0
206.2
146.9
72.4
1372
1776
202.9
1217
71.0
131.7
182.2
19Z6
120.8
SIS
154.9
186.9
208.5
111.0
74.9
118.1
167.4
1922
1572
92.3
1975
1976
1977
1978
1979
62.6
103.0
124,6
1406
1180
628
102.6
134.5
1402
120.5
61.2
100.3
143.1
1453
1389
74.6
97.6
143.1
157.4
129.0
78.8
102.9
1438
1427
136.0
81.5
102.4
151.0
1602
132.5
875
107.3
145.4
144 3
123.9
857
112.9
153.4
1366
128.5
91.7
127.6
144.3
141 4
132.3
94.4
122.8
151.5
1439
119.6
956
132.0
1527
1450
103.1
94.0
1302
1512
1469
101.3
SOS
111.8
144.9
145.4
123.6
1034
98.6
64 1
1152
1448
969
969
653
118.8
158.5
798
95.6
720
1192
137.6
65.3
96.1
71 7
126.5
141.6
696
94.8
770
134.8
138.8
903
78.8
738
142.9
1447
101 7
755
84.3
12&0
1104
7l!8
74 8
138.4
122.0
1199
63^4
842
128.0
121.5
1103
59.1
92.8
138*
118.8
1117
60.4
993
134.7
131.0
1009
64.3
109.1
131.4
1297
96.7
80.0
807
131.1
134.8
1985
1986
1937
1983
1989
132.4
147.3
134.8
992
116 9
132.5
1409
1347
1147
110.3
1377
141.9
135.9
121.6
96.8
1327
1432
127.7
114.0
109.7
136.3
143.3
119.6
1152
110.1
136.8
142.7
121.4
118.4
105.4
135.3
1413
120.9
114.8
102.3
1442
137.6
120.5
116.4
106.4
152.8
134.4
120.7
114.5
104.8
139.0
133.6
115.4
120.9
103.9
134.9
131.1
116.2
120.3
1072
143.1
151.8
107.3
119.7
113.4
138.1
1412
122.9
1158
1077
1990
1402
107.1
96.1
89.6
66.8
89.6
86.6
84.1
78.9
73.8
73.0
68.1
89.5
1980
1931
1932
1933
1984
.
,
104.0
86.8
116.5
967
1067
1042
103.1
106.4
1022
1102
94.9
112.3
October 1991
SURVEY OF CURRENT BUSINESS
C-33
Historical Data for Selected Series—Continued
Jan.
YEAR
May
Apr.
Mar.
Feb.
June
Sept.
Aug.
July
Annual
Dec.
Nov.
Oct.
32. Vendor performance, slower deliveries diffusion index (percent)
1948
1949
36.3
16.6
37.1
13.1
32.7
12.4
41.6
162
40.4
15.5
38.4
15.0
36.8
22.4
312
33.0
28.3
39.9
28.7
46.1
28.0
515
17.7
522
33.1
27.8
1950
1951
1952
1953
1954
56.3
88.7
31.3
41.5
23.6
66.0
93.3
24.9
41.8
26.9
72.0
85.1
18.8
41.8
28.0
68.8
657
19.4
38.6
30.3
82.9
45.0
22.4
35.1
34.3
76.5
35.7
33.0
33.3
35.8
89.4
32.2
47.4
28.5
38.1
81.7
32.0
41.2
26.5
36.4
73.7
46.4
42.7
232
43.6
70.3
472
43.3
20.7
49.5
79.1
34.9
45.0
202
51.9
87.5
33.6
43.5 '
21.8
54.5
75.5
53.4
34.4
31.1
1955
1956
1957
1958
1959
60.6
53.5
36.3
30.3
61.8
67.2
51.3
31.2
31.0
67.3
68.5
51.0
26.3
34.0
66.3
71.9
51.0
28.9
35.5
64.8
68.7
38.6
30.0
38.5
63.0
657
41.0
30.0
392
63.7
67.0
53.9
36.8
43.0
59.1
64.3
46.8
30.8
447 '
57.4
66.3
42.8
28.8
51.1
57.5
66.5
40.1
32.6
52.4
58.5
64.9
44.6
27.8
55.8
54.6
61.4
39.5
27.3
56.4
537
66.1
462
30.6
42.7
60.6
1960
1961
1962
1963
1964
46.2
39.2
57.1
50.4
55.3
31.7
41.1
56.2
51.0
51.9
28.8
42.1
57.0
54.9
60.3
28.9
47.5
47.4
582
57.7
32.3
47.9
452
56.4
61.4
34.8
49.3
43.3
56.3
57.6
35.8
49.4
45,1
43.6
61.8
38.0
50,6
43.7
48.5
662
37.3
50.7
45.1
49.7
71.9
362
52.4
46.7
47.4
712
37.6
51.1
48.7
48.7
70.3
40.4
55.8
50.1
47.6
67.8
357
48.1
48.8
51.1
6^8
1965
1966
1967
1968
68.5
74 9
48.2
50.6
63.6
68.1
801
49.9
53.9
60.1
659
86 4
38.0
54.0
60.5
69.4
79 3
36.9
49.0
63.9
689
74 6
34.4
49.4
.64.9
69.3
71 6
36.5
49.9
67.0
65.1
731
40.9
55.9
657
654
74 3
44.8
47.8
70.3
61.2
72.4
46.5
48.4
68.9
59.1
687
51.1
53.3
66.8
65.1
62.6
51.4
61.0
64.1
73.5
57.9
49.9
58.3
66.8
66.6
73.0
44.0
52.6
652
57.9
39.8
55.2
83.7
91.8
57.7
44.2
52.6
852
88.8
49.3
45.0
57.1
875
88.9
487
48.9
55.0
86.7
82.1
672
49.4
56.1
49.8
47.4
61.7
852
692
46.1
49.7
62.9
887
66.3
46.5
48.9
65.5
39.0
50.9
73.0
901
887
51.8
45.3
37.8
50.9
74.5
968
34.0
37.5
53.3
74.5
66.1
47.9
57.7
85.6
73.1
807
928
232
50.3
48.0
62.7
88.0
65.8
19.5
54.0
55.3
55.6
66.4
15.9
56.1
65.1
63.4
64.0
17.3
56.7
49.6
58.9
66.7
217
57.3
54.6
57.1
75.6
22.7
58.3
55.4
57.4
637
24.9
58.6
53.3
61.1
61.4
287
54.0
58.3
59.4
57.4
35.1
552
53.5
60.6
52.9
43.8
52.6
56.7
60.0
50.7
44.8
49.0
53.6
647
46.9
46.8
472
56.3
64.5
46.8
412
53.3
57.1
63.5
422
302
54.4
557
60.5
57.9
1980
1981
1982
1983
1984
42.1
49.7
40 1
46.7
64.4
46.0
48.5
40 8
49.9
61.5
39.1
48.7
364
50.8
65.5
36.9
512
382
52.7
64.6
29.8
50.2
421
51.9
62.5
32.4
47.9
452
56.8
552
36.3
44.9
458
58.9
59.1
40.1
49.6
453
412
45.9
459
607
52.8
46.5
37.7
46 5
62.8
49.3
46.8
40.5
469
67i
48.1
50.1
412
486
62.1
48.8
40.6
46.3
43.5
56.8
57.3
1985
1986 '.
1987
1988
1989
50.4
50.1
51.5
62.0
53.7
48.6
49.8
51.2
61.2
53.4
46.7
50.5
51.9
57.3
51.6
46.1
507
52.8
58.6
522
48.0
502
54.0
56.9
49.0
47.1
49.9
56.8
65.6
46.6
45.7
49.9
58.9
58.4
46.4
46.6
50.8
60.3
57.4
44.4
49.5
49.6
61.5
442
50.0
51.3
62.2
54.8
43.6
48.5
52.0
64.9
52.1
43.1
49.3
52.8
627
53.0
432
48.0
50.6
57.4
57.7
47.6
1990
472
43.3
45.8
47.1
48.0
50.1
47.3
50.9
49.7
48.7
49.9
46.8
47.9
1969 .Z....I..,
1970
1971 ]
1972
1973 ."
1974
1975
1976
1977
1978
1979
,."*
866
602
552
552
377
41. Employees on nonagricultural payrolls (thous.)
1948
1949
44,680
44,631
44 492
44,399
44 615
44,169
44 334
44iO57
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
43,472
47,227
48,229
50,043
49,340
43,175
47,519
48,491
50,271
49,270
43,816
47.700
48,450
50,360
49,081
44,238
47,849
48.476
50,367
48,984
44,589
47.803
48,478
50,343
48,857
44,953
47.915
48,130
50,386
48,810
49,363
51.880
52,608
52 002
52,410
49,523
52,096
53,000
51,448
52.558
49.867
52,141
53,052
51,131
52,863
50,106
52,302
53.029
50787
53,190
50,414
52,387
52,999
50760
53,382
1960
1961
1962
1963
1964
54,184
53 524
54>03
55.927
57.281
54,406
53,373
54',996
56,039
57,621
54,348
53462
55,109
56.157
57,686
54,561
53 485
55i384
56,398
57,846
1965
1966
1967
1955
1969
59.419
62415
66240
66 656
69^97
59710
62766
65^224
67026
69.575
59,921
63,129
65,305
67156
69,803
1970
1971
1972
1973
1974
71,059
70,752
72,357
75,521
78.020
71,201
70 689
72,542
75,923
78.181
1975
1976
1977
1978
1979
77,153
78 317
80527
84,478
88,711
1980
1981
1982
1983
1984
1985
1985
1987 .'
1988
1989
1990
Z.
'
45052
43,490
45167
43,708 •
45084
42.823
45083
43.148
45 032
43,497
44 866
43,754
45,361
47,923
47,992
50,385
48,689
46,035
47,806
48,687
50272
48,644
46.304
47,743
49,076
50216
48,752
46,530
47,833
49.436
50,114
48,828
46,654
48.026
49,710
49,824
49,102
46,756
48,119
49,933
49,627
49,242
45.197
47,819
48,793
50.202
48,990
50,705
52,454
52,961
50 822
53,603
50,823
51764
52,970
50.915
53,683
50,905
52,396
52,918
51,118
53230
51,085
52,446
52.825
51.359
53,265
51,308
52.667
52,673
51379
53,203
51,491
52,722
52,458
51,831
53,503
51,721
52,865
52,281
51968
54,033
50,641
52,369
52,853
51,324
53,268
54,366
53664
55!514
56,534
57,974
54,292
53922
SSi563
56,571
58,128
54,230
54 052
55!653
56,705
58,309
54,198
54 232
55,796
56,832
58,510
54,069
54 303
55.860
56,971
58,777
53.982
54 375
55^919
57,148
58.658
53.843
54 636
5Si943
57,125
59.080
53.571
54 739
55S15
57,251
59,320
54,189
53999
5^549
56,653
58.283
60,080
63 318
65J373
67 422
69,980
60,389
63595
65J478
67519
7O',197
60,590
63989
65^42
67 779
70^78
60,868
64166
65316
67.979
70J629
61,072
64,306
65,933
68189
70742
61,333
64,367
66|o74
68 333
7Q!BOO
61,538
64,614
66^091
68 569
70^57
61,859
64,839
66^570
68837
701921
62,209
65042
66767
69151
7U19
60,765
63,901
65,803
67897
70i384
71,363
70 766
72,850
76,168
78,184
71,283
70 969
73^079
76,308
78,239
70,998
71 129
73!346
76,473
78,381
70,888
71,136
73[639
76,743
78.443
70,927
71169
73*.576
76,713
78,492
70750
71 168
73.908
77.009
78,511
70,815
71 499
74,107
77,170
78,542
70,383
71 485
74,537
77.506
78,599
70,264
71 723
74^904
77,867
78,234
70.661
71 977
75,164
77.933
77,531
70,880
712H
73.675
76,790
78265
76.743
78614
80783
84,800
88,955
76,429
78,828
81228
85,'339
89,406
76,333
79,142
81 615
86,064
89.356
76,470
79,188
81984
86,396
89,671
76,400
79264
82392
86J833
89,985
76,640
79,469
82743
87^60
90,088
77,034
79,591
82954
87J319
90,148
77216
79,857
83460
87',470
90,166
77.479
79,847
83 659
87788
90,356
77.582
80,122
84012
88233
90,449
77,878
80,310
84 260
88J534
90.595
76,945
79382
82471
86.697
89.823
9G,7£4
90,927
90,391
88,807
92,572
90889
90i987
90,391
88,715
93.068
90970
91.085
90,264
88.919
93,355
90 747
91J75
90,028
89244
93.722
90269
91,151
90,006
89,558
94,039
89931
9U28
89,769
89,970
94,432
89670
9M67
89,435
90,404
94.760
89 933
91>15
89272
90,065
94,988
90 058
91,354
89,122
91,214
95.302
90 350
91,259
88,836
91,457
95,594
90818
90750
88,644
92,131
96,078
90 406
91,156
89.566
90200
94,496
96391
98>71
100,765
103.897
107,395
96503
98.892
101,004
104,393
107.700
96 840
98,957
101,228
104.646
107,842
97017
99,143
101,582
104,886
107.998
97283
99263
101789
105,078
108,129
97413
99J52
101,954
105,472
108,285
97608
99^54
102,285
105.700
108,364
97814
99',615
102.525
105,887
108,488
98 021
99,943
102,699
106,153
108.681
98 240
1OO',174
103250
106.450
108,800
90583
91.020
88,671
91,771
95.936
93435
100,348
103.473
108,766
109,064
98 634
100396
103,814
107,081
109,189
97519
99,525
102200
105,535
108,329
109.416
109.792
109,933
109,934
110,304
110,435
110269
110,160
110,113
109.982
109.761
109.621
109,971
44 615
43J806
44 863
43^582
45059
43>15
C-34
SURVEY OF CURRENT BUSINESS
October 1991
Historical Data for Selected Series-Continued
YEAR
Jon
Apr.
Mar.
Fcb
May
June
Aug.
July
Nov.
Oct.
Sept.
Annual
Dec.
47. Index of industrial production (1987'-100)
1343
1&49
23 5
23 2
229
23 3
22,5
246
285
284
320
293
252
28.4
28.1
322
29.5
25.9
282
27.8
32.0
29.6
235
23 3
224
23 7
22.1
24.0
22.0
23.9
22.2
237
22.4
239
21.6
23.6
222
234
22.6
23.6
22.3
267
27.8
27.4
32.4
29.6
27.6
27.5
29.2
322
296
27.4
27,7
30.2
316
29.6
27.6
277
30.5
31.3
30 0
27.5
27.9
31.1
30.6
30.5
28.0
28.1
31.3
298
30.9
258
28.0
29.1
31.6
29.9
240
22.0
1950
1951
1952
1953
1954
22.9
».i
23 4
31.4
296
230
283
285
31.6
297
238
23 4
286
318
295
1955
1956
1957
1958
1959
316
35.1
36.0
310
36.0
32.0
348
36.3
32.3
36 7
327
348
363
31.9
37.2
33.1
351
35.8
314
380
33.7
34.8
35.7
31.7
38.6
33.7
34.5
35.8
32.6
38.6
34.0
33.4
36.0
33.0
37.7
33.9
34,8
36.0
337
36.4
34.1
35.6
357
34.0
36.4
347
35.9
35.1
34.4
36.1
348
356
34.3
35.4
363
34.9
36.1
33.7
35.5
38.6
33.7
35.1
35.6
33.3
37.3
1360
1961
1962
1963
19W
396
36.3
40.4
425
455
392
362
41.1
429
45.8
389
364
41.3
43 2
458
386
37.2
41.4
436
465
38.5
377
41.3
44.1
46.8
38.1
38.3
412
44.3
46.9
37.9
38.7
41.6
44.1
472
37.9
39.1
41.7
442
47.5
37.5
39.0
41.9
44.6
47.7
37.4
39.8
42.0
44.9
47.0
36.9
40.4
422
45.1
48.5
36.2
40.7
42.2
45.1
49.1
38.1
38.4
41.6
44.0
47.0
1&65
1966
1967
1563 .
1&69
43.6
54.4
57,6
59.4
62.6
49,9
54,7
57,0
59.6
630
50.6
555
566
53 8
635
50.8
555
57.2
599
63.2
512
56.1
567
606
63.0
51.6
56.3
56.7
60.8
63.6
52.1
56.6
56.5
607
63.9
52.3
56.7
57.6
60.9
64.1
52.4
57.2
57.5
61.1
64.1
52.9
57.6
58.0
612
64.1
532
572
58.8
62.0
63.5
53.8
57.3
59.5
62.2
63.3
517
56.3
57.5
607
635
1970
1971
1972
1973
1974
62.1
61.5
656
71,8
73.0
62.1
61.3
66 0
72.8
72.7
62.0
613
66.5
72.8
73.0
61.9
61.6
67.6
730
72.9
61.8
61.9
67.5
73.4
73.8
61.6
$2.2
67,7
73.9
74.0
617
62.0
67.6
74.4
73.6
61.6
617
68.5
74.3
73.4
612
62.7
692
74.9
73.7
60.0
63.1
702
752
73.2
59.6
63.4
71.1
752
71.1
61.0
64.1
717
740
68.1
61.4
622
68.3
73.6
72.7
1975 .
1976
1977
1373
1979
66.3
69 9
75 5
788
85.1
65.3
71.1
759
79.0
858
64.1
70,9
766
60.0
861
64.7
71.2
77.7
82.0
85.2
64.5
72.0
78.3
823
86.2
65.3
72.1
78.9
83.1
86.1
657
72.5
78.9
83.3
85.6
66.9
72.9
79.0
83.6
85.3
67.6
73.1
794
84.1
85.5
67.9
73.4
79.4
84.5
86.0
68.6
74.6
79.5
852
857
69.1
752
79.1
85.4
85.6
66.3
72.4
782
82.6
85.7
1360
1981
1962
1983
1984
859
65.2
62.4
60,8
91,0
862
854
84,2
807
90S
862
85.7
83.7
81.3
91.9
84.5
850
832
82.3
92.4
82.5
85.6
82.7
83.2
93.0
81.5
86.1
62.4
837
93.5
812
87.1
82.0
85.3
93.9
82.4
869
81.6
86.5
94.0
83.5
86.5
81.0
87.9
93.9
84.0
85.8
80.3
68.6
93.2
855
84.8
800
63.8
93.3
85.9
84.1
79.3
892
92.8
84.1
857
81.9
84.9
92.8
i&as
1986
1987
1988
1989
931
96,1
96,5
1035
107.7
938
955
97.6
103.5
107.6
94.1
946
982
1039
107.7
94.5
94.8
98.3
1043
108.6
94.7
94.8
99.2
104.8
108.3
94.4
94.4
100.1
105.0
108.4
94.1
94.8
100.8
106.1
107.8
94.5
950
101.0
106.4
1082
95.0
95.1
100.9
106.2
1082
94.2
95.6
102.3
106.5
107.7
94.6
962
102.2
106.9
108.1
95.6
967
102.6
107.4
108.6
94.4
95.3
100.0
105.4
108.1
1990
107.5
108.5
108.9
108.8
109.4
110.1
110.4
110.5
110.6
109.9
108.3
107.2
1092
51. Personal income less transfer payments in 1982 dollars (AR, bil. $)
1948
1943
753 8
763,0
749.4
759.9
756.7
761.7
7588
7596
763.7
759.0
776.7
7512
776.4
744.5
782.6
750.8
784.2
761.1
788.4
747.3
783.8
755.3
774.2
759.1
770.7
756.0
1950
1951
1952
1553
1954
774.7
850.3
8901
938.1
9467
7708
850.5
903.2
943.6
945.2
7830
861.7
9050
9518
9393
7902
873.2
9032
952.1
934.2
802.3
877.9
912.4
956.2
935.8
800.3
883.0
915.6
958.2
938.7
813.4
881.6
9092
956.1
941.1
823.3
891.3
930.3
9522
949.1
831.3
889.2
936.4
954.4
954.6
8396
894.6
936.6
959.6
958.8
847.9
895.0
930.6
9572
963.4
8582
898.9
935.4
9502
967.6
811.3
878.9
917.3
952.5
948.3
1955
1956
1557
1958
1959
971.0
1,040.6
1.070,1
1,065 4
1,106.0
9728
1,045.8
1,077.2
1,062.5
1,1088
9785
1.047.5
1,078.4
1.066.0
1,115.0
987.9
1,055.5
1,076.4
1.0597
1.124.6
995.9
1,054.2
1,077.0
1.061.6
1,129.8
997.9
1,057.3
1.082.3
1,067.8
1,133.7
1.013.3
1,050.8
1,083.9
1.086.6
1,135.3
1,012.8
1,061.3
1,085.9
1.0842
1,122.8
1,020.9
1,066.0
1,081.5
1,090.0
1.120.9
1,035.1
1.0702
1,0767
1.106.6
1,137.7
1,040.4
1.0737
1,069.6
1,1082
1.148.5
1,004.4
1.058.0
1.078.0
1,079.2
1.1252
I960
1961
1962
1963
1964
1.154.0
1,1553
1.208.6
1.252.0
1.304.9
1.150.5
1.156.5
1,218.5
1.257.0
1.318.1
1,153.4
1,157.8
1,225.2
1.261.7
1,325.0
1.153.8
1.165.3
1.230.8
1,263.0
1.334.8
1,161.6
1,171.9
1,233.4
1,2697
1,340.1
1,161.6
1.1792
1.237.6
1,272.2
1,344.0
1.159.6
1,1802
1.242.3
1274.8
1.351.4
1.155.8
1,162.0
1245.0
1,280.9
1,362.6
1,153.2
1,1862
1241.3
1288.4
1.365.8
1.0267
1,073.4
1.077.2
1,091.7
1,119.3
1.157.4
1.197.9
1,245.3
1,293.6
1,371.4
1,150.9
1206.6
1249 9
1293.9
1,378.1
1,145.6
1213.4
1255.3
1,306.1
1,389.8
1,154.8
1,179.4
1,236.2
1,276.1
1,348.8
1965
196Q
1969
1,390 4
1,480.1
1,541.6
1.592.5
1.670.1
1,394,1
1.482.1
1,546.0
1.607.3
1,676.2
1.397.7
1,4882
1.549.3
1,6124
1.688.6
1.407.3
1.495.3
1,549,7
1.619.3
1.6897
1.417.7
1.502.2
1.556.1
1.627.6
1,700.7
1.4292
1,511.7
1,564.5
1,6367
1,707.1
1,436.5
1,516.9
1.571.0
1.642.1
1,7182
1,439.2
1.518.7
1,573.3
1.649.9
1,724.5
1,446.9
1,517.8
1,574.9
1,658.6
1,7307
1.463.1
1.526.4
1,572.9
1,660.8
1.736.1
1,471.3
1,530.1
1,5827
1,664.5
1.7362
1.479.7
1,5317
1,595.8
1,674.5
1.737.7
1,431.1
1,508.4
1,564.8
1,6372
1,709.6
1970
1971
1972
1973
1974
1.7350
1.747 7
1.804.6
1,931.8
1.969.3
1,7298
1,745.2
1,816.3
1.937.8
1.949.2
1,738.8
1,753.3
1.8242
1.933.1
1,928.1
1.743.5
1,756.9
1,8357
1,935.9
1,920.5
1741.2
1,762.4
1.840.9
1,952.0
1,925.1
1.738.1
1,7612
1,8242
1,958.3
1,9312
1,745.9
1,763.8
1,853.7
1,963.0
1,937.0
1.745.9
1.7662
1,869.9
1,969.0
1.930.1
1,749.8
1,769.8
1,879.4
1,975.3
1,9262
1,732.9
1.769.2
1,900.8
1,986.8
1.936,1
1.733.0
1,778.9
1.920.9
2,000.0
1.911.5
1,736.1
1,793.0
1.939.7
1,9917
1,902.6
1,739.2
1,764.0
1,859.3
1,961.6
1,930.6
1975
1976
1977
197B
1979
1.8818
1.940.9
2.027.6
2.1194
2.246.1
1.873.1
1.9536
2,029.2
2.131,5
2.257.5
1,8737
1.957.8
2.038.2
2.154.5
2.2637
1,877.4
1.968.9
2.042.3
2.176.1
2,249.1
1.880.1
1,975.8
2,053.4
2,183.5
2,248.6
1,8817
1,979.0
2,060.4
2,1927
2,251.0
1,883.2
1,984.8
2.074.3
2,197.1
2254.0
1,902.3
1.987.9
2.082.6
2202.B
2251.8
1,911.3
1,993.0
2.098.8
22172
2J247.4
1.921.2
1,995.0
2,108.1
2232.5
22532
1,921.5
2,015.3
2.1072
2,2372
2,257.3
1,923.1
2,025.5
2.117.1
2250.9
2255.3
1,894.4
1,981.5
2,069.9
2,191.3
2,252.9
iseo
2.258 9
2.266 5
2.2589
2.257.9
2.400.1
2.253.1
2,262.3
2.2659
2.254.9
2.425,0
2,245.3
2,264.7
2,271.4
2.262.7
2.436.5
2223.3
2,266.9
2,278.5
2.272.8
2.431.4
2,208.4
2.261.8
2,2812
2,284.9
2,429.2
2,210.6
2.272.1
2.266,0
2,295.0
2,445.0
2204.6
2,283.4
2255.5
2.300.6
2,460.4
22127
2296.3
22507
2289.8
2.462.5
2.213.0
2295.9
2244.9
2,308.5
2,480.6
2,239.4
2285.2
2,246.9
2,344.3
2.475.3
2254.1
2,276.8
2251.5
2,3602
2,487.7
2269.8
2268.3
22592
2,383.3
2.5172
2.232.8
2,275.0
2.260.9
2.3012
2,4542
1985 .
1986
1587
2.511.6
2.5772
2.6493
2,742,2
2.863.6
Z528.5
2.598.1
2,667.9
2.761.1
2.833.5
2.532.1
2.617.9
2.668.5
2,777.9
2.892.9
2.546.4
2.648.4
2,670.9
2.782.5
2,891.5
2.528.8
2.633.4
2.663.0
2,7907
2.876.0
2,536.1
2,627.4
2,661.1
2,802.5
2,879.7
2.529.6
2,624.0
2.677.6
2.820.6
2,890.7
2.533.8
2,629.9
2,688.4
2.817.9
2.887.5
2.537.4
2,630.3
2.688.0
2,821.4
2.885.4
2.553.9
2.635.7
2735.4
2.855.3
2.8867
2,5542
2,6452
2.722.8
2,828.4
2.889.8
2,588.3
2,663.7
2.772.6
2,8442
2.905.5
2.540.1
2,627.6
2,668.8
2,803.7
2,886.1
2.E3S7
2,897.0
2.905.9
2,9088
2,909.2
2,912.5
2,919.6
2,9066
2,896.1
2.865.5
2,871,0
2,8832
2,896,8
II™
1967
1581
1582
1583
1584
isea
1989
1990
Afl Annual rate
C-35
SURVEY OF CURRENT BUSINESS
October 1991
Historical Data for Selected Series-Continued
Jan.
YEAR
Feb.
Mar.
May
Apr.
June
July
Aug.
Sept
Nov.
Oct.
Dec.
Annual
57. Manufacturing and trade sales in 1982 dollars (mil. $)
1948
1949
1950
1951
1952 .
1953
1954
1955
1956
1957
1958
1959
.
.
.
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971 "ZZ
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988 ...!
1989
1990
.
.
'.
118,924
121,013
118,996
120,815
119,844
120,363
120,363
119,822
118,975
117,977
120,450
120,918
121,524
117,611
121,772
120,160
121,732
122,518
121.838
117.887
121,313
119.457
122,166
118,438
1,447,917
1,436,979
120,687
142,198
136.142
152,827
145,488
123,195
138,477
137,586
155,029
147,132
124,852
136,274
136,861
156,707
146,316
126,382
133,929
138,535
156,761
147,561
129,523
135,103
139.960
156,071
144,989
134,883
134,090
140207
154,172
146.839
144,990
131,396
137,249
156,365
146,406
147,142
134,722
140,302
153,131
145,466
138,022
134,668
145.160
151,778
146,194
135,225
135,591
149,816
151,020
146,761
131,064
135.258
149,291
147270
151,172
138,427
133,950
151,984
144,725
154,744
1,594,392
1,625,656
1,703.093
1,835,856
1,769,068
157,049
166,533
170,428
158,693
169,171
158,363
165,217
171,009
155,964
171,759
161,580
165,835
169,829
153,627
173,787
163,265
166,313
167,132
152,905
176,409
163,966
165,746
166,504
153,507
178,349
163,981
166.531
167,466
156,375
178,588
164,506
159,202
166,792
157,981
178,056
163,836
164,539
167,925
160,762
172.146
166,530
166,076
165,664
161,687
171,673
165,831
167,504
164,853
164,350
172.048
167231
168,298
162,647
166,886
172,431
167,504
169.945
158,962
162.305
177213
1,963,642
1,991,739
1,999211
1,905,042
2,091,630
180.310
170,170
186,103
191.644
204,401
179,488
170,652
186,279
194,672
204,416
178,579
173,582
188,810
194,784
203,875
179,019
172,634
188.964
196,599
207,237
176,665
175,237
188,743
195246
209,468
176,526
178,415
187,945
196,939
208,897
175,671
176,266
188,693
199,862
212,403
174,732
180,432
190,027
198.699
211,734
176,693
181,053
189,532
198,905
213,717
175,759
183,449
191,400
201,024
210,520
173,478
185,189
194.068
198.841
212.737
173,835
185,952
190,801
203.233
219,532
2,120,755
2,133,031
2.271,365
2.370.448
2,518.937
219,001
235,004
240,683
253.263
262,817
219,720
235,261
240,103
252,367
263,351
224,425
239,082
241,224
254,702
264,881
224,961
237,236
241,764
254,484
266,114
222,586
236,400
241,778
255,811
265,628
223,579
238,940
242,180
258.318
265,576
227,599
237,516
242231
261,421
266,838
226.309
239,017
245,094
257,298
268,281
226,300
238,581
244,586
258,463
269,770
228.433
239.223
242,674
262,424
272.363
231,626
238,267
249,367
264,602
268,828
232.436
239.320
254,505
262,358
268,492
2,706,975
2,853.847
2,926.189
3,095,516
3202,939
266,193
266,503
286,021
319,753
322,233
266,117
268,370
283,333
320,695
321,221
263,077
269,566
288,408
318,570
324,631
261,197
270,797
290,673
317,043
323,278
264.302
272,757
292.158
315,838
324,245
265.068
276,032
293,360
315,125
322,973
265,304
274,561
294,426
319,434
324,071
264,040
272,723
299,442
315,042
319.951
263,719
275,870
302,786
314,748
316.556
259,410
276,732
306,505
321,820
311,977
255,066
281,154
310,984
325,864
307,863
263,400
283,107
315,510
321.157
297,563
3,156,893
3,288,172
3,563.606
3.825,089
3.816,562
299,329
311,859
331,852
341,965
369,985
297.819
313,590
334,565
349,152
367,923
289,129
315,999
337,858
351,317
377,061
293,784
318,843
338,325
361,606
366,508
293,427
318,089
337,305
361,130
376,904
295,918
321,512
340,383
361,847
371,425
298,738
322,575
342,373
359,825
372,211
300,772
321,723
341,778
365,883
372,562
302,010
322,108
342,445
365,287
371,318
302264
318,804
344215
368,323
371263
300,902
324,127
346.521
369.757
369,810
304,130
333,797
350,556
371,137
368.721
3,578,222
3,843,026
4,088.186
4,327.229
4,455,691
374 948
371,021
345,082
347,982
387.583
371 095
368,785
352,372
346,283
387,461
362 046
366J40
353.461
351,439
387.669
355 654
367^956
352,899
352,345
390,002
349992
364^925
354,879
357,366
392,783
348.292
365!087
350,178
365,534
397269
354 293
365205
350,522
366,117
395,640
355814
364>03
347,423
366.994
394,596
362 185
361J83
347,233
370,574
395.240
369 390
357J49
342,851
374.010
396.476
368,911
354,608
343.964
377,792
399.780
368 715
350!559
343,007
385,300
401,156
4,341.335
4.357.921
4,183,871
4,361,736
4.725,655
399,978
413,598
424.537
454,183
477,574
400,835
410,794
439,060
456,684
471,738
403,446
409.980
438.802
462.986
470,492
404,373
418,891
439.865
462,114
478,211
407,591
416,004
442,315
463,478
476,165
402,722
419,559
444,483
467,777
475,169
402,576
418,320
447,425
465,199
470,824
409,798
421,178
449,510
467,487
485,603
409,914
433,670
453,463
465,927
481,355
406,936
424,357
453.686
472.170
477,401
411,322
425,639
450,984
472,634
479204
410,011
434,296
453,524
476,251
478,580
4,869,502
5,046,286
5.337,654
5,586,890
5,722,316
474^14
479,960
482,921
478,968
483,185
485,983
482,600
488,655
479,460
478.691
471,024
461.198
5,746,859
62a Index of labor cost per unit of output, manufacturing (1987=100)
1948
1949
37.0
38.3
36.5
38.7
37.2
38.1
372
38.3
36.8
382
36.9
382
37.2
38.0
37.8
37.7
382
37.4
38.0
37.4
38,4
36.6
382
37.1
37.5
37.8
1950
1951
1952
1953
1954
37.2
38.3
41.8
42.7
44.6
37.3
38.9
41.9
42.6
44.4
36.8
39.5
42.1
43.0
44.5
36.7
402
422
42.9
44.5
36.6
40.4
42.6
42.9
442
36.4
40.7
42.7
43.0
44.0
36.0
41.3
42.1
43.0
43.8
36.6
41.6
42.6
42.9
43.6
37.5
41.4
42.7
43.3
43.9
38.4
41.7
42.1
43.9
442
382
42.1
42.5
44.6
43.6
37.0
40.7
42.3
43.1
44.1
1955
1956
1957
1958
1959
42.9
43.2
45.3
47.9
46.4
43.1
43.3
45.1
48.0
46.2
42.8
43.8
45.2
48.5
45.9
42.5
43.7
45.6
48.6
45.6
42.5
44.0
45.9
47.9
45.5
42.4
44.4
45.5
47.0
45.8
42.5
45.9
45.5
472
46.6
35.9
41.8
42.3
42.7
44.0
42.9
45.0
45.8
46.9
47.3
42.9
45.0
45.6
47.1
47.5
42.7
452
46.1
46.5
47.9
43.5
45.3
472
46.3
47.8
42.9
45.5
47.4
46.5
462
42.8
44.5
45.9
47.4
46.6
1960
1961
1962
1963
1964
45.8
48.3
46.8
46.8
45.8
46.4
48.6
46.6
46.5
46.1
46.9
48.3
46.7
46.4
46.3
47.1
47.8
47.1
45.8
45.9
47.3
47.7
472
45.6
46.1
47.6
47.2
47.6
45.7
46.0
47.4
46.9
47.1
46.2
46.0
47.3
46.8
47.0
45.0
46.1
47.5
46.6
46.9
46.1
46.4
47.7
46.4
47.0
45.9
462
482
46.5
46.9
46.0
45.8
482
462
46.9
46.3
45.6
47.3
47.3
47.0
46.1
46.0
1965
1966
1967
1968
1969
45.2
45.0
46.7
47.7
49.6
45.2
45.6
46.8
48.1
49.5
45.1
45.5
47.1
48.2
49.7
44.8
45.8
46.8
48.6
50.0
44.7
45.6
47.1
48.5
50.6
44.8
45.8
47.3
48.8
50.6
44.4
45.7
47.7
49.0
50.8
44.6
462
47.6
49.0
51.2
44.6
46.3
47.4
49.3
51.4
44.8
462
47.0
49.7
51.5
45.1
46.6
47.1
49.4
51.9
45.0
46.5
47.1
49.7
52.4
44.9
45.9
47.1
48.8
50.8
1970 .
1971
1972
1973
1974
53.3
53.9
53.0
54.5
59.2
53.1
54.1
53.7
54.9
59.6
53.7
54.2
53.9
55.1
59.7
53.5
54.1
53.4
55.6
60.3
53.4
54.2
53.9
55.6
60.5
53.6
54.1
54.1
55.5
60.8
53.6
54.0
53.8
55.8
61.7
53.8
54.7
53.9
55.8
62.0
53.7
53.6
53.9
56.0
62.4
538
53.3
53.8
56.4
632
53.8
53.3
53.9
56.8
64.3
53.7
53.8
54.0
58.3
66.4
53.6
53.9
53.8
55.9
61.7
1975
1976
1977
1978
1979
67.4
70.4
71.5
76.8
81.6
67.8
69.6
72.5
77.9
81.9
69.3
70.5
72.5
78.6
82.3
69.0
70.8
72.6
77.4
83.5
69.4
70.7
72.9
77.7
83.2
68.9
71.0
73.4
77.9
84.0
68.7
71.0
74.1
78.5
69.1
71.7
74.6
79.1
86.2
69.3
71.5
75.4
79.5
852
69.0
71.4
742
78.7
85.6
862
69.4
71.7
75.7
792
87.0
69.7
71.7
76.3
80.5
87.9
68.9
71.0
73.8
78.5
84.6
1980
1981
1982
1983
1984
88.1
97.0
104.0
102.9
100.2
88.1
96.0
101.5
102.9
100.7
88.8
96.8
101.9
102.1
100.3
90.5
98.0
102.5
102.0
100.8
92.7
98.1
102.8
101.5
100.4
93.9
98.6
102.8
101.5
100.3
942
982
103.0
101.1
100.6
94.3
99.3
103.1
1002
100.9
942
99.8
103.3
99.6
1012
94.5
100.8
103.6
99.9
101.7
94.5
101.3
103.7
100.5
1022
95.5
102.1
104.7
101.2
103.1
$ZA
98.8
103.1
101.3
101.0
103.6
102.0
102.3
100.1
100.9
102.4
102.2
101.1
100.3
101.7
103.6
104.4
101.3
101.6
102.6
101.8
102.6
100.3
100.7
101.0
101.4
102.8
99.8
100.7
101.1
102.3
103.0
98.7
101.2
101.4
102.6
102.7
98.4
100.8
102.1
102.3
102.6
99.3
100.6
101.9
102.1
102.4
100.3
101.3
101.7
103.9
10Z7
99.2
102.6
102.7
102.5
101.8
99.8
101.5
101.2
103.1
101.0
99.9
100.9
101.6
102.6
102.5
100.0
101.0
101.7
101.7
101.5
101.8
1042
101.8
1985
1986
1987 .""
1988
1989 Z !
1990
...
101.7
C-36
SURVEY OF CURRENT BUSINESS
October 1991
Historical Data for Selected Series-Continued
Feb
YEAH
May
Apr.
June
Aug.
July
Oct.
Sept.
Dec.
62D. Change in index of labor cost per unit of output, manufacturing (AR, percent)
1943
1949
1950 .
1951 ,
1952 .
1953 ,
1954 ,
1955 ,
1956 .
1957 ,
1956 .
1959 .
1960 .
1961 .
1962 .
1963 .
1964 ,
1965 .
1966 .
1967 .
1968 .
1969 .
1970 .
1971 .
1972 .
1973 .
1974 ,
1975 .
1978 .
1977 .
1978 .
1979 .
1981
1982
1983
1934
1985
1986
1987
1963
1989
1990
,
,
.
.
.
.
.
.
.
.
t948 ,
1949 .
1950 .
1951 .
1952 .
1953 .
1954 .
1955 .
1956 .
1957 .
1958 .
1959 .
1960 .
1961 .
1962 .
1963 ,
1964 .
1965 ,
1966 .
1967 ..
1968 .
1969 ..
1970 ..
1971 .,
1972 ..
J973 ..
1974 ..
1975 ..
1976 ..
1977 ..
197B ..
1979 ..
1980 .,
1981 ..
1982 ..
1983 ..
1984 ..
1985
1SS6
1987
1983
1S89
..
..
..
..
..
21,7
32
-15.1
133
256
-17.1
0
6.5
-12.2
-3.1
3.3
0
102
-6.1
21,2
-91
13.5
-91
-6.1
0
13,4
-22.9
33
3,2
-32
58
0
33
20 5
2.9
-28
-53
-15.0
202
59
11,9
2.7
-32
235
2.9
-2.8
0
-3,2
6.1
-64
9,3
2.9
2.8
-53
-12,4
19,2
-15,6
0
-5,3
-33
15.5
5.9
-8.1
26.1
-5.6
12,0
0
-7.8
338
-56
2.9
11.8
8.6
32.9
9.1
-15.6
13.0
8.5
12.1
12.0
209
-15.1
4.2
10.6
1.4
53
-2.0
-17.7
87
-5.1
134
-26
57
2.8
-52
25
-5.1
16.9
7.7
-5.0
-8.0
14.8
27
13.2
-7.5
13,7
-7,2
-fl.1
-27
11.2
2.5
2.9
49.0
82
-2.8
11.5
-10,0
-20,4
82
-55
5.5
14.0
-14.3
10.6
250
2.7
32.7
-5.0
-2,5
-15,4
5.4
52
5.3
-33.5
-1.0
7.1
47
-1.3
.4
52
-5.0
2.6
-5.1
-5.1
13.3
2.6
-2.5
2.6
-9.9
0
-7.5
0
8.1
-5.1
4.6
-4.0
1.8
-1.0
-1.3
5.5
-2.6
-97
102
2.4
8.3
10.9
-2.6
-2.5
0
-1.1
3.6
1.5
57
5.6
-9 9
25
16.7
-25
-122
-100
0
53
16.4
-2,4
-7.4
81
0
17.2
26
10.5
-2.4
-4.4
45
22.7
46
-16.5
11.7
202
17.1
92
8.4
26
-2.6
53
-2.6
-2 6
80
25
50
14.4
22
4,6
4,5
2,0
-7.6
52
7.2
-1.7
51
48
-42
-3.3
52
85
3.1
12.2
-3,4
0
12,1
9.6
18.6
54
7.0
1.6
3.1
58
6.7
6.3
87
25.6
33.4
12
36
-5.7
-4.7
-4.6
2.4
167
6.3
0
0
-12
3.9
-4.8
2.4
-4.6
36
1.3
14.3
1.2
10.2
3.6
-1.3
62
2.4
-7.0
3.6
11.2
2,4
-12.5
6.1
3.6
3.6
-3.4
-3,6
-4.6
8.6
-3.5
-1.2
11.5
-2.4
-2.3
-2.3
-2.3
12.8
87
-2.3
23.3
3.6
-12.4
16.5
12.5
-12.1
-162
-2.3
-12
1.2
3.6
7.1
-5.5
62
15.0
29.1
2.4
16,7
11.2
-19.0
-18.8
-112
-10,1
-172
1,2
-69
-1.6
45
-1.7
-1.5
.6
-4.0
25
3.4
.7
2.8
10.0
.2
-2.8
2.1
13.9
21.7
2.4
1.0
86
8.1
8.0
107
1.0
.2
6.3
.6
-1.7
23
-2'5
1.0
-4.6
4.5
3,3
3.2
1.5
96
.9
-.8
4.0
15.6
22.0
1.6
2.7
10.0
9-2
66
53
7.4
-.3
1.1
4.3
-2
-2.3
27
6.1
-58
0
12
1.2
2.7
0
-22
-6.5
6.7
19.3
0
4.6
167
2,3
0
6.0
0
2.6
-2.2
-21.6
0
4.4
8.0
1.8
52
62. Change in index of labor cost per unit of output,
smoothed (AR. percent) t
manufac
output manufacturing,
96
52
7.5
6.0
3.1
3.6
1.4
.1
-1.8
-.6
-3.4
-52
-2.2
17.8
1.8
2.9
5.0
-2.6
17.1
32
2.5
2.2
-3.4
157
3.9
2.4
-.4
-5,7
5.1
-5.4
5.5
2.1
65
-4.6
27
^».9
6.5
1.4
.3
-2.9
-2.6
1.5
107
-45
-5.0
15.3
6.2
-6.1
7.4
-1.4
5.1
8.1
13,0
22
.1
47
15.0
5.4
.5
3.6
1.3
-1.9
3.9
2.8
5.0
6.5
-42
27
4.3
6.0
5.3
10.0
1.6
1.1
5.1
14.8
8.3
1.4
7
67
14.1
5.9
1.4
1.9
67
12.3
4,3
1.0
3.0
55
2.8
.3
2.3
5.0
22
2.1
1.9
4.0
10.4
10.5
10.0
1.2
-.1
1.5
3.5
9.4
232
3.1
3.3
11.1
9.5
20.1
42
3.4
7.9
10.9
16.6
4.1
37
5.7
97
11.1
4.2
4.5
4.0
9,3
6.0
37
6.0
2.9
3.8
6.3
3.5
10.4
1.0
4.1
6.5
3.8
10.1
6.3
5.1
5.1
-2,3
.8
4.6
3.3
-1.9
4.8*
2.3
86
65
148
5.4
4.1
-3,3
1.4
134
66
3.4
-42
.9
1.6
24
-30
4.0
.8
-1.0
1.9
-4.0
3.0
0
-.3
77
-8,0
-3,0 '
3.5
4.1
5.1
6.1
-4.0
3.8
3.0
6.1
4.8
.3
-.9
1.6
-57
2,8
0
.8
-1.4
-.6
1.4
12
-6.8
0
.1
1.1
-5.1
4.3
27
6.0
4.1
16.6
6.6
2.6
-42
11.1
2.8
-6.1
.6
3.8
10.4
16.8
5.1
2.0
-42
.4
-.2
.6
-6,5
17
.1
1.6
-5.0
.9
-.3
0
-4.5
.5
1.3
2.8
.6
.8
8.4
14.5
5.4
3.1
6.6
6.0
9.4
7.3
-9.0
1.2
-6.9
4.8
2.7
-5.2
5.3
26
6.2
1.9
5.8
-2.2
92
7.3
32
-3.0
2.1
3.0
-68
2.5
-1.3
-47
47
3.8
46
12
i
13.5
9.9
4.0
-6.1
42
-2.7
-.1
.6
30
-50
.6
-1.5
4.1
0
6.1
12
7.5
6.1
1.3
8.0
2.4
-62
11.2
4.3
-4.1
57
-5.6
.2
1.1
0
3.9
127
3.5
37
6.1
1.1
9.8
.9
-5.0
9.4
.8
7.5
122
5.3
0
99
21.6
13.1
-.6
11.9
1.4
-5.0
66
-3.5
12.8
9.7
0
0
1.7
3.4
4.9
-4.4
11.7
3.5
-3.3
137
62
1.6
-2.9
1.9
-2.6
-7.0
2.3
8.9
23.0
-1.9
122
17
.1
-3.9
1.8
2.6
-22
11.9
2.2
367
47.1
2.3
-6.5
-22
89
16.5
-5.8
15.1
1.1
.3
-2.8
11.9
-4.0
-.7
3.5
1.0
-3.1
17
t Data are smoothed by an autoreg'essive-movng-average filter developed by Statutes Canada.
AR Annual rate
-4,9
7.6
4.8
-5.1
52
1.7
-16,9
19.0
-13.0
24
-13.2
2.4
9.9
-42
4,0
.7
11.8
-3.8
-2,4
4.9
5.5
13.9
-2.5
0
99
4.6
-22
4,5
-2.1
6.1
6.0
-12.1
166
2.4
0
-4.0
4.0
30
119
-4.4
-102
-2.6
10.6
5.0
4.8
-22
2.2
11.8
0
4.1
15.9
7.3
-12
106
2.5
27
5.4
52
77
0
-4.4
-2.2
-10,6
11.4
12.7
10,0
105
48
-8,9
-*7
-1.8
16.2
1,8
2.8
6.9
-4.9
5.4
-.4
-50
-2.5
2.6
8.1
52
52
52
-2.6
-5,1
8,0
-2,4
15.4
0
-11.7
-25,3
0
10.0
5.3
-2.6
-2,5
-2,5
-2.5
-5.1
2.6
-9,9
28
20.6
248
-188
-IT.2
-1.3
152
2.0
1.4
84
23.1
-77
82
-7.4
104
7.5
-11.7
10.8
-14.5
30.0
16.7
124
4.9
0
0
-5.1
-4.9
-7,4
-11.9
13,9
0
0
5.2
7.9
-11.9
107
7.4
-12.8
18.1
186
45
-3.6
14.6
3.3
1.4
5,8
58
-104
11.9
•21.2
6.2
-7.4
19.6
52
-25
26
-5.1
54
19.6
12.7
-3.3
82
17.7
0
11,3
60
-160
-26
5,6
89
-6.1
177
-6.1
-15.0
-10.0
7.5
5.9
-.8
4.5
62
7.3
-6.8
10.4
122
87
-1.5
38
5.1
9.9
-5.5
4.0
4.6
-4.9
132
2.0
2.6
1.5
-1.9
7.0
25
1.8
1.6
-.4
-1.1
1.8
-2.0
2,1
-2.4
1.5
-2.1
.4
1.8
3.9
-.8
4.2
6.4
2.5
3.4
-1.4
3.9
7.3
-27
3.8
2.3
47
4.5
.4
-3.1
.4
48
12.1
-.1
-1.7
.5
9.6
18.0
.2
3.3
7.6
-.1
4.2
86
3.4
82
.5
2.1
8.3
5,3
8.6
4.6
2
.9
5.1
12.6
10.4
3.3
5.1
5.9
9.4
11.5
57
1.5
-5.8
1.6
85
68
1.7
-4.9
2.6
5.6
7.4
1.7
-2.8
36
5.0
8.1
32
0
5.2
-.6
-7
2.5
-.6
-.5
3.3
2.3
1.9
-1.8
.9
2.6
.6
2.3
-3.4
17
.9
.2
-1.0
.9
1.0
-.3
3.2
.3
5.6
6.1
.8
-2.2
7
3.9
10.0
4.3
-5,4
-.8
.5
28
7.9
5.0
10.1
6.3
3.8
-3.0
1.6
17
.3
-2.4
2.5
8
C-37
SURVEY OF CURRENT BUSINESS
October 1991
Historical Data for Selected Series—Continued
Jan.
YEAR
Apr.
Mar.
Feb.
May
June
Aug.
July
Dec.
Nov.
Oct.
Sept.
Annual
77. Ratio, manufacturing and trade inventories to sales in 1982 dollars (ratio)
1948
1949
1.44
1.51
1.45
1.52
1.45
1.52
1.45
1.52
1.47
1.55
1.47
1.51
1.48
1.55
1.48
1.52
1.48
1.50
1.48
1.55
1.49
1.51
1.47
1.51
1.47
1.52
1950
1951
1952
1953
1954
1.48
1.40
1.64
1.55
1.64
1.45
1.44
1.62
1.53
1.61
1.44
1.48
1.63
1.52
1.62
1.43
1.53
1.61
1.53
1.60
1.41
1.55
1.59
1.54
1.62
1.36
1.58
1.60
1.57
1.59
1.25
1.63
1.63
1.56
1.59
1.26
1.60
1.59
1.59
1.59
1.36
1.61
1.56
1.60
1.58
1.40
1.61
1.53
1.60
1.57
1.47
1.63
1.54
1.63
1.52
1.40
1.65
1.52
1.65
1.49
1.39
1.56
1.59
1.57
159
1955
1956
1957
1958
1959
1.47
1.45
1.49
1.58
1.48
1.46
1.48
1.49
1.60
1.46
1.44
1.47
1.50
1.62
1.45
1.42
1.48
1.52
1.62
1.45
1.43
1.50
1.53
1.61
1.44
1.44
1.50
1.52
1.58
1.45
1.44
1.57
1.53
1.56
1.46
1.46
1.53
1.53
1.53
1.51
1.43
1.52
1.56
1.53
151
1.44
1.51
1.55
1.51
131
1.43
1.51
1.57
1.49
1.51
1.44
1.49
1.60
1.54
1.48
1.44
1.50
1.53
156
1.48
1960
1961
1962
1963
1964
1.47
1.57
1.47
1.49
1.46
1.49
1.56
1.48
1.47
1.46
1.51
1.53
1.46
1.47
1.47
1.50
1.54
1.46
1.46
1.45
1.53
1.52
1.47
1.48
1.44
1.53
1.49
1.49
1.47
1.45
1.54
1.51
1.48
1.46
1.42
1.55
1.48
1.48
1.47
1.44
1.54
1.49
1.49
1.48s
1.43
1.54
1.47
1.48
1.47
1.45
1.56
1.46
1.46
1.49
1.45
1.54
1.46
1.49
1.45
1.41
1.53
1.51
1.48
1.47
1.44
1965
1966
1967
1968
1969
1.43
1.41
1.53
1.52
1.53
1.43
1.43
1.54
1.53
1.54
1.41
1.42
1.54
1.52
1.54
1.41
1.43
1.54
1.53
1.53
1.44
1.45
1.55
1.53
1.54
1.44
1.45
1.54
1.52
1.55
1.42
1.47
1.55
1.51
1.55
1.44
1.48
1.55
1.55
1.55
1.44
1.49
1.55
1.54
1.54
1.43
1.50
1.56
1.53
1.54
1.42
1.52
1.53
1.52
1.56
1.42
1.52
1.51
1.53
1.57
1.43
1.46
1.54
1.53
1.55
1970
1971
1972
1973
1974
1.58
1.61
1.55
1.44
1.51
1.59
1.61
1.56
1.44
1.52
1.61
1.61
1.54
1,46
151
1.63
1.61
1.53
1.47
1.52
1.60
1.60
1.53
1.48
1.53
1.60
1.58
1.53
1.50
1.55
1.61
1.59
1,52
1.49
1.55
1.63
1.61
1.51
1.50
1.56
1.63
1.60
1.50
1.51
1.59
1.65
1.60
1.49
1.48
1.62
1.68
1.57
1.47
1.47
1.65
1.62
1.56
1.45
1.51
1.72
1.62
1.60
1.52
1.48
1.71
1.60
1.58
1.61
1.57
1.71
1 59
1.57
1.58
1.59
1.75
1.59
1.56
1.58
1.55
1.72
1 58
1.56
1.55
1.60
1.71
1.59
1.57
1.56
1.56
1.69
158
1.56
1.56
1.59
1.67
1.59
1.56
1.57
1.60
1.66
1 59
1.57
1.55
1.59
1.65
1 60
1.58
1.56
1.59
1.65
1 63
1.57
1.55
1.59
1.65
1.60
1.57
1.55
1.60
1.63
1 56
1.56
1.56
1.60
1.68
1.59
1.57
1.57
1.59
1.58
1.60
1.73
1.66
1.52
1.59
1.61
1.69
1.67
1.53
1.63
1.62
1.69
1.63
1.54
1.68
1.61
1.69
1.63
1.55
1.71
1.63
1.67
1.61
1.55
1.71
1.64
1.70
1.57
1.54
1.68
1.64
1.70
1.57
1.56
1.67
1.64
1.71
1.57
1.57
1.64
1.66
1.71
1.56
1.58
1.60
1.68
1.72
1.55
1.58
1.60
1.70
1.70
1.54
1.58
1.60
1.72
1.70
1.52
1.57
1.64
1.65
1.70
1.59
156
1.58
1.55
1.52
1.48
1.45
1.58
1.56
1.47
1.48
1.47
1.57
1.58
1.48
1.46
1.47
1.57
1.55
1 47
1.46
1.45
1.55
1.55
1 47
1.46
1.46
1.57
1.54
1 47
1.45
1.46
1.58
1.55
1.46
1.46
1.48
1.55
1.54
1 45
1.46
1.44
1.55
; 1.49
1 45
1.47
1.45
1.56
1.52
1 46
1.45
1.47
1.55
151
148
1.45
1.47
1.56
1.48
1 48
1.45
1.47
156
1.54
1 47
1.46
1.45
1.48
1.45
1.44
1.46
1.45
1.43
1.45
1.43
1,46
1.46
1.48
150
1.46
671
512
699
859
759
628
538
69.3
52.8
"„"."
...
1975
1976
1977
1978
1979
\'"Z
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
..
1990
•
157
83. Index of consumeir expectations, NSA (1966:1=.100)© l
1948
1949
1950
1951
1952
1953
1954
92 4
839
955
85 3
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1046
949
103 4
999
994
1965
1966
1967
1968
1969
103 0
1000
964
943
50 0
812
1975
1976
1977
1978
1979
757
842
772
1033
96 2
82 9
97 5
1052
98 6
975
985
934
941
96 8
992
970
107 3
104 3
90 7
902
911
916
955
94 3
89 9
89 6
86 6
911
712
822
757
784
913
67 3
63 9
63 0
57 6
698
795
836
707
855
815
670
75 9
.
958
934
970
960
.
1038
1052
863
981
965
941
972
980
758
759
909
733
494
1970
1971
1972
1973
1974
897
861
999
79 6
713
772
87 8
698
58.4
62.2
69 5
53.7
71.1
53.3
73.0
54.9
68.1
51.4
720
442
49.3
53.6
1930
1981
1982
1983
1984
54.1
67.2
62.9
65.2
97.0
54.9
61.4
58.7
71.2
93.2
44.3
61.4
53.1
80.9
97.7
44.4
45.3
53.0
729
705
61.1
86.9
91.4
62.0
93.4
90.6
60.1
892
59.6
70.1
60.9
68.2
93.7
672
681
53.4
664
57.6
91.1
91.9
1985
1986
1987
1988
1989
90.3
85.3
86.5
87.8
84.2
87.5
91.1
90.3
81.3
847
806
808
858
842
80.9
89.9
81.9
88.8
82.4
83.2
87.3
80.1
85.7
82.0
87.4
88.5
83 3
82.3
85.5
86.3
85.9
816
87.3
86.9
83 3
85.2
87.6
87.0
88.5
809
88.8
80.3
83.4
81.3
81.3
83.9
79.3
76.6
77.3
62.9
1990
„
89.8
52.0
51.5
68.9
61 5
70.4
86.1
91.6
762
59.7
55.6
71.0
87.9
91.5
568
56.8
65 0
67.9
91.0
87.9
84.7
92.7
80.8
87.1
80.4
84.5
81.6
810
872
85.8
81 3
89.5
88.6
86.3
84.3
88.1
78.3
76 7
85.5
85.5
58.8
50.9
52.8
53.7
702
68.3
66.9
85.8
96.4
842
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.
NSA Not seasonally adjusted
71.7
49.5
727
617
865
852
85.3
C-38
SURVEY OF CURRENT BUSINESS
October 1991
Historical Data for Selected Series—Continued
YEAR
June
May
Ac*.
July
Oct.
Sept
Aug.
Annual
Dec.
91. Average duration of unemployment in weeks (weeks)
1943 ,
1949 ,
1950 .
1951 .
1952 ,
1953 .
1S54 .
1955 .
1956 .
1957 .
1958 .
1959 .
1960 .
1961 .
1962 .
1963 .
1964 .
1965 .
1966 ..
1967 .
1963 .
1969 .
1970 ..
1971 .,
1972 ..
1973 ..
1974 ..
1975 ..
1976 .,
1977 ..
1978 ..
1979 ..
1980 ..
1981 ..
1982 ..
1933 ..
1964 ..
1985 ..
1986 ..
1987 ..
1988 ..
1969 ..
1990 ..
3.6
8.6
10.8
8.8
110
8.5
11.7
9.5
10.9
7.8
11.6
8.1
11.8
6.6
10.0
13.1
87
7.3
122
9.1
7.6
8.0
12.8
122
12.3
9.1
8.1
7.1
12.9
8.9
9.1
7.2
13.3
10.7
9.7
9.5
7.9
13.2
10.7
9.3
8.8
8.0
13.4
12.1
9.7
8.4
12.3
12.5
92
7,5
7.9
12.5
13,4
10.1
10.2
14.4
14.9
13.8
10.5
10.1
14.6
14,3
12.3
12.0
10.5
15.7
13.7
11.7
11.8
98
16.5
13.7
11.5
11.6
11.1
16.5
12.9
11.3
10.9
10.4
164
13.1
12.0
11.4
10.4
15.7
13.1
11.8
13.0
11.3
10.5
13.9
14.4
11.9
15.6
15.5
14,5
13.6
11.9
162
15.1
14.0
13.6
12.6
17.3
14.6
14.0
14.7
122
17.0
14.5
13.9
13.0
12.9
16.1
14.1
142
12.7
13.5
15.9
14.1
13.9
12.6
13.9
17.0
13.3
13.3
14.0
12.4
15.8
13.6
13.3
12.7
12.8
15.6
14.7
14.0
13.3
11.4
10.8
88
8.7
7.9
11,1
10,2
87
8.2
7.9
11.6
9.7
8.3
7.9
11.6
9.7
11.9
9.8
8.9
8.3
11.9
10.1
8.4
82
11.7
9.7
8.0
6.0
11.4
9.5
8.6
82
8.0
11.8
10.4
8.7
8.4
7.8
8.2
10.9
12.4
10.0
9.8
8.6
112
12.3
10,1
9.6
11.6
12.4
9.6
9,7
8.9
11.5
11.8
96
9.9
7.9
8.8
12.1
10.3
8.7
8.4
7.6
11.5
11.8
9.8
9.8
6.9
11.9
12.1
9.4
9.6
8.7
12.6
11.7
102
9.9
9.3
12.0
11.4
9.8
11.5
11.4
89
82
84
83
87
83
8.5
88
9.1
9.1
11.3
10.6
93
93
8.7
11.8
108
88
84
95
12.4
10.1
84
12.7
9.9
106
12 6
106
90
7.8
10.9
11.6
134
11.7
10.4
10.5
16.3
142
125
10.7
11,0
15.5
134
116
10.8
11.2
15.3
14,3
11.0
106
12.1
14.9
14.4
10.4
10.4
13.1
14.7
135
13,7
153
13.8
135
131
136
160
14,1
13.0
14.1
15.0
14.5
135
12 6
15.5
14.9
14.5
12.4
12.0
11.1
89
65
7.9
132
12.6
11.2
12 2
11,9
93
94
81
92
87
7.9
80
85
7.8
7.9
10.0
8.2
7.7
8.6
8.3
8.4
7.8
7.9
10.5
12.1
11.0
9.5
10,4
12.4
10.5
96
83
106
12.3
10.6
9.7
10.7
166
152
12.9
11.1
11.7
16.3
14.7
12.5
11.2
11.8
165
14.5
12.4
11.7
12.9
159
14.4
12.3
11.0
13.4
15.0
14.9
12.1
11.1
15.3
16.9
14,4
12.1
10.4
15.0
157
14.3
12.0
10.3
15.6
15.6
13.9
11.4
10.S
16.1
14.0
11.4
10.5
15.4
15.2
13.7
11.7
10.5
104
143
11.0
14 C
14.1
19.4
19.1
11.4
13.9
14.5
194
20.4
106
14.1
14.1
19 2
19.0
18.9
10.9
13.8
14,9
20.5
18.8
11.3
13.7
15.7
20.8
18.1
11.8
13.8
15.4
212
18.0
12.4
14.4
16.2
20.0
17.3
12.9
13.6
16.6
202
17.0
13.1
13.5
172
202.
16.7
159
14.6
14.3
14,1
125
15 9
152
14.6
143
12.3
16.1
14.6
149
13.7
12.3
16.4
14.7
14,9
13.4
12.6
15.3
14.7
14.8
13.8
11.9
15.5
15.2
15.0
13.3
112
15.5
15.2
142
13.5
11.9
15.3
15.5
14.4
13.6
11.4
15.3
15.4
142
13.5
11.5
11.9
11.7
11.9
12.1
11.6
12.0
12.1
12.3
T3.4
195
8.9
8.1
e.o
9.9
9.5
9.6
10.1
8.6
11.3
12.0
10.0
9.8
16.6
15.3
13.6
11.1
10.6
16.S
15.1
13.6
10.6
10.8
142
15.8
14.3
11.9
10.8
13.6
13.1
17.1
19.7
17.0
13.7
13.1
18.1
192
16.8
11.9
13.7
15.6
20.0
18.2
15.3
152
14.0
13.4
11.8
15.7
15.0
14.0
12.5
11.6
15.1
15.0
142
12.9
11.5
12.4
12.0
12.4
12.4
15.6
15 0
14.5
13.5
11.9
12.1
124,654
78,382
121,915
77,475
116,539
79,205
113,554
81,345
109,543
82.793
109,543
62,793
117,370
219,007
268,314
242,752
156,778
125230
221,933
270.422
228,757
157,813
131,582
228.434
267,402
220,608
162,426
134,429
231,415
266,025
214,819
159,553
137,345
232212
265255
207,933
159,331
137,345
232,212
265,255
207.933
159,331
92a. Manufacturers' unfilled orders in 1982 dollars, durable goods industries (bit.
152
S)
129.601
105.029
127,653
101.541
125,846
97,615
124,776
92295
122.705
87,775
124,317
83,045
125,355
79,740
85.249
156,433
234.385
271.558
199.227
86.403
166.891
234.363
273.117
193.238
88.113
178,645
241,585
269,185
184,387
89,657
190.346
249.568
266.351
177,915
91.062
198,524
249,420
265.065
171,553
93.892
207,281
259,358
262209
165,039
102,716
215.482
265.934
253.427
160.841
161.505
190.563
128.831
140,432
134,593
163.115
190.696
198.781
135.948
137,517
167.273
191,405
195.464
135.116
140,994
167.934
194.147
192.171
132.954
142,898
169,143
194.659
189.601
132,655
142,464
169,879
194,255
185,728
133,741
143,125
172,093
198.389
179.830
133,430
141.563
173.759
203,862
174,583
132,994
141,101
175,997
204.875
169,702
131,290
143.234
179,764
202,420
163.319
130.973
145,101
181,829
201290
158,871
132,803
144,804
186,347
200251
154,454
132,347
143,528
186.647
200.251
154,454
132,347
143,528
139.561
124.045
132.066
13S.710
153,390
136,356
124.347
133.757
141.470
154.943
132,911
123,614
132.602
145.880
156,991
130.450
124.710
131.048
148,240
159,098
129.012
125,485
129.964
150.772
162.077
128,432
125,814
129.377
150,129
164.710
126,926
126,367
129,299
149.937
169,201
127,911
127,651
127.952
149,734
170,704
128,631
127,892
129.078
150.510
173,385
126,292
127,743
130,979
151,018
177,479
125,674
128.552
130.976
151296
178,745
124,328
130.485
135240
149.839
180,333
124,328
130,485
135240
149,839
180,338
1967
1968
1969
184.271
222.672
264,139
275.055
279.523
187.224
227.692
264,003
275,338
280,759
189,765
234,003
262.943
273.415
281.444
192290
239,223
263.237
278.507
286,016
195.067
242.896
266299
275.995
286.832
197,592
247,362
270,020
274,978
287,013
199,529
251,303
271,406
271,582
286.653
201,787
254,434
271,500
273,840
287,065
204.822
259.875
271,216
275,870
288.727
209.466
262276
273,765
278.898
287,657
212,985
263222
274.008
278,831
285,682
217,082
264210
277.042
279,126
283,190
217.082
264,210
277,042
279,126
283,190
1970
1971
1972
1973
1974
260,005
249.145
237.344
264.20!
329,204
276,557
251.740
233,122
270.470
333.608
273.135
250.743
233.658
279.112
334,783
269.733
248,012
237.812
284.708
338,911
265,573
243.410
239.800
288.040
342,120
263242
239.217
241,914
292,004
342,644
259,659
236,171
243.767
294,670
341,705
255,825
236.875
245.755
301.275
345.713
254.005
236,536
250,665
307,156
342,911
249.878
235,359
252.800
313.583
334,652
248,112
236258
254,333
319,366
328289
246,713
236.939
259.848
323,653
320,139
246,713
236.939
259.848
323,653
320,139
1975
1976
1977
1978
1979
313.336
266.164
255.075
231.957
333,653
307.457
264.236
263.210
284.034
340.730
299.397
265.789
263,524
289,433
346.787
292.947
265.736
265,191
292,531
349,467
287.937
264213
265,204
297,454
349,380
283.009
264,131
268,064
301.179
351,448
283,151
265,740
269,122
304,129
350,991
281,647
262,821
271.543
307.771
350,173
279.433
262.755
272,853
314,082
351,744
276,506
264.399
275,718
320.933
352,900
273,625
263.590
276.739
328.040
350,904
269.440
264.988
280,990
331,043
349,309
269,440
264,988
280,990
331,043
349,309
1930
1981
1982
1933
1934
352,185
342.460
319.540
301.S08
326.052
352.937
339,509
317.770
299,722
330.447
347.502
339.415
317.913
300.364
339.065
343,789
339.534
317,447
300.083
339.540
339,605
339,385
312,863
300,975
341.873
338,016
336,934
308,704
304206
340,871
341,545
336,611
305,300
305,422
343,950
340,171
334,177
300,501
306,554
343,956
341,547
332,818
298,401
309.484
343,924
342,931
329,035
298,330
316,081
341263
342.108
325.482
295,773
320.763
342,620
342.618
320.813
298.719
322316
341.952
342,618
320,813
238,719
322,516
341,952
1985
1986
1937
1988
1989
345222
35M41
346.810
373,203
394.015
345.303
352,920
345.553
375.780
395.196
343,652
356,956
346,509
374.507
397.989
341,779
354,634
350.154
375,319
401,096
341,172
352.389
353.971
376.109
400,569
344,749
350.020
358,290
377,354
403.752
344,769
349.596
363.139
379.056
406.958
345.823
347,642
365,677
381,899
405.036
343,678
349,286
365,885
382,168
408.471
348.874
348,354
367,492
384,056
408,632
346,525
349,142
368,330
383.409
412267
343,152
348.602
369,371
390.510
419,039
348,152
348,602
369,371
390,510
419,039
1990
420.615
418,768
421.986
423.070
423,364
420,903
422,577
420,696
420.570
422,157
415,076
416.085
416,085
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1S60
1551
1952
1963
1964
1965
1S66
'
C-39
SURVEY OF CURRENT BUSINESS
October 1991
Historical Data for Selected Series-Continued
Apr.
Feb.
92b.
1948
1949 ,
1950 .
1951 1952 1953
1954 ,
1955 ,
1956 .
1957 ,
1958 .
1959
1960 ,
1961 .
1962
1963
1964
1965
1966
1967
1968
1969 .
1970 .
1971 .
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990 ,
May
June
Aug.
July
Sept
Nov.
Oct.
Change in manufacturers' unfilled orders in 1982 dollars, durables goods industries (bil. $)
-2.10
-4.51
-1.95
-3.49
-1.81
-3.93
-1.07
-5.32
-2.07
-4.52
1.61
-4.73
1.04
-3.31
-0.70
-1.36
-2.74
-.91
-5.38
173
-2.99
2.14
-4.01
1.45
-1.85
-2.23
2.46
19.14
2.17
6.30
-8.71
1.15
10.41
-.02
1.56
-5.99
1.71
11.95
1.54
11.50
7,98
-2.83
-6.47
1.41
8.18
-.15
-1.29
-6.36
2.83
876
7.22
-3.93
-6.85
-2.86
-6.51
8.82
820
6.58
-8.78
-420
1465
3.53
2.38
-10.67
-4.06
7.86
2.93
2.11
-13.99
1.04
6.35
6.50
-3.02
-8.15
4.61
2.85
2.98
-1.38
-5.79
-2.87
2.92
.80
-.77
-6.89
-.22
4.55
7.91
2.75
-478
^.05
2.17
3.72
-1.42
-14.06
2.25
1.61
.13
-.05
-4.54
2.92
4.16
71
-3.32
-.83
3.48
.66
2.74
-3.29
74
-.40
-3.87
1.09
.66
221
4.13
-5.90
-.31
-156
1.67
5.47
-5.25
-.44
-.46
224
1.01
-4.88
-1.70
2.13
3.77
-2.45
-6.38
-.32
1.87
2.07
-1.13
-4.45
1.83
-.30
5.02
-1.04
-4.42
-.46
-128
2.29
1.12
-3.82
-2.16
1.90
1.21
.51
-2.57
-.30
-.43
-3.97
-.28
1.58
3.47
3.55
-320
.30
1.69
2.76
1.55
-3.44
-.73
-1.16
4.41
2.05
-2.46
1.10
-1.55
2.36
2.11
-1.44
78
-1.08
2.53
2.98
-.58
.33
-.59
-.64
2.63
-1.51
.55
-.08
-.19
4.49
.98
128
-1.35
-20
1.50
72
24
1.13
2.68
-2.34
-.15
1.90
.51
4.09
-,62
.81
0
28
127
-1.35
1.93
426
-1.46
1.59
-1.60
.51
.40
122
2.54
3.93
5.59
-.07
-1.99
.40
2.95
5.02
-.14
.33
1.24
2.54
6.31
-1.06
3.03
.68
2.52
5.22
.29
.09
4.57
2.78
3.67
3.06
-2.51
.82
2.52
4.47
3.72
-1.02
.18
1.94
3.94
1.39
-3.40
-.36
226
3.13
.09
2.26
.41
3.04
5.44
-28
2.03
1.66
4.64
2.40
2.55
3.03
-1.07
3.52
.95
24
-.07
-1.98
4.10
.99
3.03
.30
-2.49
3,06
3.93
1.07
.17
.34
-3.18
2.43
.40
4.35
5.55
-3.45
2.60
.78
6.27
4.40
-3.42
-1.00
.54
B.64
1.1B
-3.40
-2.73
-.85
5.60
4.13
-4.16
-4.60
1.99
3.33
321
-2.33
-4.19
2.11
3.96
.52
-3.58
-3.05
1.87
2.67
-.94
-3.83
70
1.97
6.60
4.01
-1.82
-.34
4.91
5.88
-2.80
-4.13
-1.18
2.14
6.43
-826
-1.77
.90
1.58
578
-6.36
-1.40
.68
5.46
4.29
-8.15
-3.04
-.82
1.91
5.32
-.29
-6.80
-328
.09
.97
2.61
-5.B8
-1.93
-1.86
2.08
7.08
-8.06
1.55
.31
5.40
-6.45
-.05
1.67
3.10
2.68
-5.01
-1.52
.01
4.92
-.09
-4.93
-.08
2.86
372
2.07
.14
1.61
1.06
2.95
-.46
-1.50
-2.92
2.42
3.64
-.82
-2.16
-.07
1.32
6.31
1.57
-2.98
1.64
2.86
6.85
1.16
-2.88
-.81
1.02
7.11
-2.00
-4.18
1.40
4,25
3.00
-1.60
-422
-.37
1.33
4.17
1.52
2.88
-.16
-1.27
3.19
3.54
.75
-2.95
-1.77
-2.19
4.40
-5.44
-.09
.14
.64
8.62
-3.71
.12
-.47
-28
.48
-4.18
-.15
-4.58
.89
2.33
-1.59
-2.45
-4.16
3.23
-1.00
3.53
-.32
-3.40
122
3.08
-1.37
-2.43
-4.80
1.13
.01
1.38
-1.36
-2.10
2.93
-.03
1.38
-378
-.07
6.60
-2.66
-.82
-3.55
-2.55
4.68
1.36
.51
-4.67
2.94
175
-.67
-.56
-1.82
-1.84
1.98
1.62
3.27
3.29
-179
3.83
3.50
.08
1.48
-126
2.58
1.18
-1.65
4.04
36
-127
2.79
-1.87
-2.32
3.58
-2.37
4.32
124
3.18
.02
-.42
4.85
1.70
3.21
1.05
-1.95
2.54
2.84
-1.92
2.86
1.64
21
.81
3.11
-.61
-224
3.82
.79
-.53
3.44
.20
-.93
1.61
1.89
.16
-2.35
79
.89
-.65
3.64
1.63
-.54
.99
7.10
6.77
1.58
-1.85
3.22
1.08
.29
-2.46
1.67
-1.88
-.13
1.59
-7.08
1.01
.52
.04
1.73
1.76
2.38
-.25
6.06
3.64
9.94
78
27
•
-1.85
.93
durable go(xis industries, sm oothed (bil. $) t
1948 ,
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 .
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1962
1983
1984
1985
1986
1987
1988
1989
-1.82
-3.21
-1.87
-3.63
-3.92
-178
-4.28
-176
-4.52
-1.30
-4.69
-.71
-4.60
-37
-4.12
-.48
-3.40
-121
-2.29
-1.87
-1.05
-2.55
.02
-1.47
-3.31
.97
8.08
3.18
.99
-9.02
1.55
9.12
2.16
1.07
-8.59
1.91
10.11
2.24
.44
-«.37
2.08
10.87
3.06
-.36
-7.99
2.08
10.96
3.11
-.96
-7.55
2.18
10.72
4.06
-1.57
-7.15
3.14
10.23
4.95
-2.89
-6.52
524
9.05
5.13
-4.71
-5.82
6.83
7.54
4.83
-7.02
-4.49
7.69
6.51
3.60
-8.53
-2.48
7.55
5.43
221
-9.05
-1.36
6.84
4.18
.99
-9.06
-.55
4.01
8.57
329
-3.47
-5.82
.29
3.13
-.28
.96
2.96
-.63
178
2.55
-1,19
-6.94
120
-6.36
71
1.80
2.11
2.34
-1.80
-5.46
2.16
2.18
1.97
-226
-424
2.03
2.03
1.44
-275
-2.81
1.76
1.97
1.49
-3.46
-1.63
1.16
1.89
2.05
-4.11
-79
.59
1.89
2.24
-4.60
-.41
.46
2.14
1.72
-5.13
-.1B
.58
228
1.03
-5.34
.23
.53
2.73
.35
-5.34
.37
26
1.85
1.94
-3.07
-2.90
1.10
-.47
-.62
.98
1.57
.21
-1.27
-.47
1.19
2.18
.54
-2.02
-.41
1.00
2.85
.94
-2.52
-.18
.55
3.17
1.33
-2.67
.09
.07
3.27
-223
.42
-.49
2.13
2.69
-1.65
.62
-.72
1.42
2.85
-1.00
.69
-.60
.92
2.91
-.80
.62
-20
1.78
-2.48
28
-.31
2.81
2.16
3.11
-.65
.60
.07
.33
2.98
-.66
.77
.78
-.05
2.72
2.72
3.83
2.01
1.03
.83
2.76
4.27
1.25
75
.91
275
4.80
.50
.89
.93
2.71
5.17
.03
.86
1.43
2.70
5,18
.16
.40
1.64
2.67
5.10
72
-.07
1.57
2.55
4.89
1.13
-.79
126
2.45
4.53
124
-.80
.97
2.46
4.44
1.09
-.43
.90
2.76
4.12
1.21
26
.59
3.04
3.50
1.14
.61
.06
3.35
2.80
1.36
.78
-.59
-1.54
.20
.19
1.76
2.02
274
4.39
.99
.29
.88
-1.32
-1.87
-.21
-2.03
-.73
.19
4.09
528
-2.64
-.09
.48
5.07
4.65
-7.21
-3.09
-.08
.47
5.72
4.21
-3.50
-.67
.66
5.77
3.81
3.14
-3.63
-2.19
128
5.05
220
-3.69
-220
1.55
4.96
1.89
-3.47
-1.96
2.16
5.03
1.08
-3.43
-172
2.51
526
-.65
-3.18
-122
2.59
5.46
-2.43
-2.80
-.67
3.03
5.43
-424
-3.03
-124
1.31
5.07
2.03
.16
3.00
5.06
-575
-24
,92
3.79
2.45
-4.48
-.31
1.29
3.81
1.43
-3.42
-.31
1.51
4.16
.86
-2.74
-.05
1.82
472
.56
1.90
5.37
.04
-2.39
21
2.26
5.44
-.48
-1.43
-.34
-1.94
.43
4.49
-2.24
-.37
-1.98
.58
4.13
-6.95
-.75
.63
3.72
3.43
-2.63
-.67
-5.20
-.01
2.70
5.32
-7.37
-1.07
23
3.43
4.21
-2.36
-1.97
-7.52
-1.39
-2.02
-.80
-2.63
1.31
2.68
-1.58
-1.09
-3.11
1.45
2.00
-.93
-1.30
-326
173
1.33
-23
-1.76
-2.92
2.55
.40
.10
-226
-2.67
3.32
-.01
.34
-2.88
-1.77
3.56
-.35
-.32
1.50
.08
1.29
2.90
1.97
-.55
.86
.96
1.02
2.51
.13
-.49
2.89
.92
2.41
.41
-1.00
3.41
1.19
1.84
.91
-.94
328
123
173
1.10
-.91
2.98
1.34
1.45
75
-.66
2.52
1.14
1.58
.66
-.50
2.05
1.82
2.36
.25
.15
1.52
1.38
225
-.31
-25
-1.13
-1.35
.76
-6.52
3.46
5.42
-5.65
-2.52
.33
2.30
5.09
-6.50
-2.52
-.34
.42
-3.03
-.58
3.69
-.11
.01
-2.95
-.09
3.87
-.05
.96
-.58
2.01
2.45
.13
1.21
-.72
2.07
2.64
.01
1.74
-.57
2.70
2.30
2.18
.10
2.29
5.16
-24
-2.48
29
4.61
1.65
2.78
1.62
t Data are smoothed by an autoregressive-moving-average filter developed by Statistics Canada.
-3.59
-1.50
.97
5.56
-229
1.02
3.23
-.13
.05
1.93
.88
2.37
.53
.57
0
-.91
.93
3.73
2.76
-.98
-.94
-2.59
1.30
C-40
SURVEY OF CURRENT BUSINESS
October 1991
Historical Data lor Selected Series-Continued
May
Apr.
July
June
Aug.
Nov.
Oct.
Sept.
Dec.
95. Ratio, consumer installment credit to personal income (percent)
1343
1949
1950 ,
1951 .
1952 ,
1953 .
1954 .
1955 .
1956 .
1957 .
1953 .
1959 .
1960 .
1961 1962 .
1963 .
1964 .
1965 .
1966 ,
1967 .
1966 .
1969 .
1970 ..
1971 .
1972 .
1973 ..
1974 .
1975 .
1976 .
1977 .
1978 .,
1979 .,
1980 ..
1981 ..
1982 ..
1983 ..
1984 ..
1985 ..
1986 ..
1937 ..
1988 ..
1989 ..
1990 ..
4.11
5.27
421
5.31
422
5.56
4.29
5,64
4.40
5.73
4.01
5.10
6.62
7.86
8.19
6.34
5.90
6.55
7.96
8.16
6.45
5.94
6,62
8.03
8.14
6.42
•• 5.91
6.60
8.05
8.13
6.35
5.94
6.96
8.16
8.10
6.22
5.98
7.09
820
8.16
6.10
6,04
6.46
7.77
8.16
8.75
9.36
9.46
9.45
9.49
8.75
9.42
9.49
9.28
9 62
8,91
9.37
9.50
9.27
9.85
9.01
9,34
9,58
9-24
9.98
9.05
9.31
9.63
9.20
10.11
9.08
9.39
9.66
9.13
10.10
9.13
9.39
9.72
9.17
10.04
10.41
10.50
10.45
11.23
11.93
10.49
10.40
10,51
11.26
11.99
10.54
10.36
10.57
11.37
12.05
10.59
10.38
1063
11.44
12.07
10,64
10,40
10,67
11.49
12.15
10.64
10.35
10.74
11.55
12.25
1071
10.31
10.80
11.62
1224
10.60
10.32
10.86
11.62
12.23
8.73
9.34
9.52
9.41
9.65
10.49
10.48
10.55
11.32
12.00
12.54
12.69
12.46
12.12
12.38
12.57
12.69
12.41
12.10
12,40
12.58
12.65
12.37
12.11
12.41
12.64
12.67
12.31
12.11
12.39
12.72
12.62
12.28
12.10
12.36
12,50
12.57
12.31
12.10
12.39
12.65
12,55
12.30
12.14
12.39
12.64
12.53
12.28
12.17
12.42
12.64
12.58
12.25
12.22
12.38
12.55
12.64
12.38
12.13
12.38
12.37
12.37
12.48
1300
13.27
12.08
12.35
12.54
13.08
13.27
12.16
12.33
12.60
13.11
13.23
12.23
12.13
12.84
13.14
13.22
12.23
12.36
12.74
13.26
13.14
12,23
12.38
12.73
13.21
13.14
12.22
12.46
12.75
13.24
13.11
1223
12.52
12.61
13.21
13.00
12.19
12.55
12.55
13.16
13.01
12.17
12.56
1259
13.15
12.94
12,25
12.40
12.60
13.12
13.15
12.78
12.05
12.48
13.20
13.73
12.68
12.12
12.57
1321
1373
12.58
12.16
12.67
13.18
13.87
12.45
12.17
12.73
1328
13.93
12.14
12.22
12.81
13.41
13.96
12.28
12.22
12.81
13.45
13.85
12.17
12.22
12.87
13.53
13.88
12.13
12.28
12.92
1356
13.93
12,09
12.32
12.97
13.52
13.94
12.09
12.27
13.04
13.59
13.94
12.12
12.36
13.13
13,63
1387
12.36
12.21
12.79
13.40
13.86
13.89
1232
12.06
:t.M
12.42
13.82
12.19
11.93
11.84
12.50
13.81
12.23
11.97
11.96
12.65
13.71
12.22
11.93
11.92
12.79
13.56
12.25
11.90
11.85
1307
13.37
12.20
11.92
11.96
13.23
13.12
12.04
11.87
12.08
13.27
12.99
11.91
11.88
12.25
13.39
12.82
11.98
11.90
12.25
13.42
12.65
12.01
11.82
12.25
13.60
12.50
11.99
11.79
12.31
13.68
12.41
12.01
11.86
12.41
13.76
13.22
12.11
11.90
12.08
13.15
1383
15.25
15.63
15 74
1603
13 84
15 25
15.47
15.72
1595
14.10
15.36
15.55
15.67
1585
14.22
15.37
15.60
15.69
15.68
14.44
15.52
1559
15.71
15.99
14.50
15.58
15.70
15.72
15.99
14.65
15.70
15.76
15.65
15.95
14.75
15.75
15.72
15.74
16.03
14.95
15.86
15.79
15.71
16.04
15.01
15.98
15.58
15.60
16.06
15.14
15.96
15.68
15.82
16.01
15.08
15.80
15,53
15.80
15.99
15.92
15.90
15.82
15.81
15.79
15.74
15.72
15.70
1566
15.66
15.61
15.50
14.54
15.62
15.64
15.71
15.98
15.74
365
4 60
3.77
4 65
369
4,77
396
4.90
3.97
5.07
569
626
6.01
7.32
8.17
5.68
620
604
7.45
817
590
6,09
6,11
7.57
8.20
6.03
603
625
7.67
8.17
6.20
5.98
6.45
7.73
8,18
6.31
943
972
926
8.30
924
941
9.70
930
842
9 32
9.43
9 60
932
8.50
931
945
9.59
9.36
860
9.37
9.48
953
9.42
1011
10.77
10.35
1088
11.70
10.20
10.73
1037
11.06
11.68
10.34
10.66
10.32
11.09
• 11.85
10.37
10.59
10.37
11.18
11.87
12.27
12.70
12.51
12.17
12.30
12.43
12.70
12 56
12.05
12.41
1246
12.69
12.43
12.12
12.36
1243
1233
12.48
12.89
13.20
12.43
12.40
12.33
12.96
1327
12.75
12.07
12,48
13.19
13.70
3 56
451
563
628
605
722
8.19
822
9.20
4.06
520
593
99a. Index of sensitive materials prices (1982-100)
40.01
39.03
40.34
38.25
39,91
37.59
40,19
36.00
40.71
35.47
41.07
34.76
40.88
34.81
40.52
35.30
39.95
35.70
. 39,68
34.98
39.73
35.33
39.49
35.47
40.21
36.06
35.55
53.40
4350
39.39
37.56
35.56
5427
42.58
39.19
37.56
36.01
54 20
41.44
39.55
37.95
36.44
53.42
41.17
39 26
38.43
37.54
53.00
40.85
39.53
38.56
38.62
51.62
40.10
3938
38.85
41.06
48.52
39.88
39.12
39.04
44.15
46,12
40.21
3893
38.81
46.72
44.70
40.54
33.63
39.02
48,02
4521
40.07
38.32
39.31
49.57
44.46
39.58
38.08
3922
50.88
44.07
39.90
37.88
39.16
3961
42.00
41.51
38 35
39.49
39.94
41.97
41.00
33.32
39.42
39 84
42.03
41.00
37.95
39.84
40.14
41.85
40.82
37.50
40.25
40.30
41.54
40.56
37.59
4064
40.56
41.04
40.24
37.69
40.69
41.23
40.97
40.10
38.24
40.68
41.24
41.14
40.02
38.49
40.63
4129
4123
39.71
38.74
41.03
41.16
41.31
39.22
39.48
41.30
41.46
41.57
38.84
39.79
41.42
42.04
41.80
38.61
39.37
41.54
41.58
39.42
40.48
39.61
4072
41.25
3989
40.30
39 62
40.75
41.09
39.97
40.37
39.64
40.94
41.21
40.05
40.00
39.50
41.26
41.20
40.24
40.15
3956
41.07
40.89
39.64
39.83
39.71
41.19
40.66
40.12
39.63
40.04
41.31
40.63
40.27
39.57
40.08
41.73
40.49
40.23
3957
39.91
42.14
40.19
40.49
39.66
40.18
42.79
40.03
39B2
3980
40.48
42.99
39.61
40.28
39.59
40.78
43.13
41.68
49.42
40.82
38.94
38.63
40.74
41.54
40,14
38.46
40.59
40.74
40.05
39.92
39.93
41.67
42.71
44.51
41.79
40.97
44.66
42.61
44.69
41.42
41.16
45.13
42.80
44 97
40.87
41.62
45.30
43.20
45.02
40.47
41.81
45.50
43.69
44.84
40.41
41.59
45.56
43.56
44.71
40.72
41.98
45.78
43.64
44.69
40.66
42.29
46.06
43.88
43.58
40.58
42.60
46.56
43.93
43.16
40.66
42.81
47.03
44.18
42.73
40.73
43.35
46.92
4421
42.35
40.81
43.91
47.11
4421
42.14
41.20
44.14
47.18
43.55
43.95
40,86
42.35
46.07
47.16
44.35
46.93
5583
76.12
46.76
44.38
47.21
57,56
77.84
46.48
44.77
48.34
53.95
79.34
46.45
45.32
49.01
60.23
79.14
46.34
44.87
50.70
61.08
77.57
4589
45.10
51.25
63.05
77.36
45.43
45.28
51.65
64.42
78.05
45.35
45.70
51.86
66.40
7722
44.92
45.96
51.99
67.65
76.45
45.06
46.15
52.83
68.93
73.41
45.16
4620
54.05
70.66
7085
44.60
46.61
54.90
74.65
67.41
45.80
45.39
50.89
64.12
75.90
66.43
70.70
78.42
83.75
9296
66 23
71.40
7919
84.36
94.63
65.82
71.82
80,87
84.06
96.92
66.39
73.32
80.64
8357
99.37
66.94
7463
80.59
84.02
100.97
65.27
75.75
79.75
85.91
102.07
65.14
78.43
79.97
86.39
102.88
£6.62
7853
8051
87.66
102.58
68.67
78.65
80,56
89.04
102.48
69.19
78.17
81.15
91.03
105.75
69.54
77.79
81.72
92.52
107.39
70.32
7822
82.85
92.04
106.63
6722
75.£2
80.52
87.05
101.41
110.55
110.31
104.30
97.97
11539
112.51
108.94
103.87
99.92
116.78
113.63
109.99
102.71
100.12
117.98
11132
11094
100.45
100.40
118.47
107.72
111.01
100.35
101.33
11825
106.07
110.97
93.83
102.38
117.97
106.65
111.21
99.33
105.17
116.81
108.85
111.40
93.44
103.55
115.31
110.12
109.65
93.81
110.22
114.98
111.20
108.33
98.29
112.48
112.60
112.04
106.40
97.45
114,23
112.42
111.35
105.06
97.18
114.94
11157
110.17
109.52
100.00
105 64
115.71
1985
1986
1987
110,61
10463
112.54
12356
133.89
110.03
104.15
111.94
12362
135.42
109.75
103.01
112.57
124.79
135.82
108.79
102.64
114.99
125.93
134,95
107.73
103.59
117.66
126.76
133.81
106.63
105.14
118.83
128.36
132.72
106.00
106.81
120.55
128.26
131.60
105.37
104.03
122.11
128.69
131.16
103.71
105.94
122.84
128.33
131.41
103.53
109.51
123.47
128.21
131.51
103.06
111.91
122.43
131.07
129.41
103.13
111.62
122.98
13220
126.67
1990
125.74
124.22
125.67
127.42
127.54
127.36
127.58
128.04
127.79
126.53
124.31
123.91
106.53
106.08
118.58
127.48
132.36
126.34
1948 .
1949 .
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
I960
1931 .
1982
1583
1984
C-41
SURVEY OF CURRENT BUSINESS
October 1991
Historical Data for Selected Series-Continued
Jan.
YEAR
Mar.
Feb.
Apr.
May
June
Nov.
Oct.
Sept
Aug.
July
Annual
Dec.
99b. Change in sensitive materials prices (percent)
1948
1949
-1.16
0.82
-2.00
-107
-1.73
0.70
-423
129
-1.47
088
-2.00
-0.46
.14
-0.88
1.41
-1.41
1.13
-0.68
-2.02
0.13
1.00
-0.60
.40
1950
1951
1952
1953
1954
23
495
-1.29
-1.28
-.84
.03
1.63
-2.11
-.51
0
127
-13
-2.68
.92
1.04
1.19
-1.44
-.65
-.73
1.40
3.02
6.32
-6.01
-.55
-.66
.49
7.53
-4.95
.83
-.49
-.59
5.82
- 3 08
-.78
.69
21
2.88
-260
-1.84
-.38
.75
2.78
1.14
-1.16
-.80
.74
323
-1.66
-122
-.63
-23
2.64
-88
.81
-.53
-.15
3.08
-1.15
-.82
-.43
1.15
-.10
-.69
-.67
.30
.83
-.07
-123
-.08
-.18
-25
.14
0
-.97
1.07
.75
-.43
-.44
-1.19
1.03
.40
-.74
-.64
.24
.97
.65
-120
-.79
27
.12
1.78
-.17
-.35
1.46
-.02
-.10
.41
-20
.65
.37
.12
.73
.63
-.97
.79
.29
1.40
-.77
.65
.49
-.31
.19
-123
1.91
.66
-.59
-1.06
29
.60
-.05
-.66
.17
.45
1960
1961
1962
1963
1964
.10
-.48
.50
.05
-.15
-.79
1.19
-.44
.03
.07
-.39
.20
.17
.05
.47
29
20
-.92
-.35
.78
-.02
.47
.38
.15
-.46
-.75
-.99
-.80
.38
29
-.56
.70
-.38
.83
29
-.07
.37
-.28
.10
1.02
-.34
-.10
0
-.42
.98
-.74
..65
23
.68
1.54
-.40
-1.65
.35
.75
.47
-1.05
1.16
-.53
.74
.33
-.39
.14
-.14
25
.47
1965
1966
19S7
1968
1969
-.97
.68
-.83
-.56
1.18
-23
.40
-.89
.46
1.05
.45
.63
-1.33
1.12
.38
.93
.11
-.98
.46
.44
1.13
-.40
-.15
-.53
.13
-.30
-.29
.77
.94
.48
.18
-.04
-.15
.74
.61
.55
.11
-.96
20
.49
1.01
.57
-Z48
-20
.73
1.09
-1.00
.17
1.26
-23
.07
-.89
20
1.29
.40
0
-.50
.96
.52
.15
21
-.40
-.19
.58
.56
1970
1971
1972
1973
1974
-.04
-.54
.69
1.69
1.97
-.85
.05
.60
3.10
226
-.60
.88
2.39
2.41
1.93
-.06
123
1.39
2.17
-.25
-24
-.99
3.45
1.41
-1.98
-.97
.51
1.08
3.23
-27
-1.00
.40
.78
2.17
.89
-.18
.93
.41
3.07
-1.06
.57
.25
1.88
-1.00
.31
.41
1.62
1.97
-3.98
22
.11
2.33
2.44
-3.49
-1.24
.89
1.55
5.65
-4.86
-.47
.37
1,38
2.60
-.82
-1.45
.54
.26
1.09
1.00
-23
.99
.98
.73
2.01
-.69
.87
2.09
-28
-.58
2.53
.83
1.79
-.06
.54
1.61
-2.49
1.50
-1.04
-20
3.54
.28
..56
.79
227
.13
.68
1.70
-29
3.08
.15
.06
1.34
-.10
.76
-.61
,73
223
3.19
.51
-.49
.70
1.64
1.55
1.12
.55
1.38
-.52
120
.37
.90
.48
.89
1.40
1980
1981
1982
1983
1984
1.72
-.93
-.72
.81
.39
1.77
-1.24
-.41
1.99
1.20
1.00
.96
-1.12
20
1.03
-2.03
-2.20
28
.42
-323
.06
-.10
.93
-.19
-1.53
-.04
-1.51
1.04
-24
.55
22
.51
2.73
-.98
2.06
.17
-.90
321
-128
1.17
-1.57
.38
1.54
-.29
.98
-1.20
-.53
2.05
-2.07
.76
-1.78
-.85
1.56
-.16
-.62
-126
-.28
.62
-.76
-.48
-.64
1.41
-24
1985
1986
1987
1988
1989
-.86
1.45
.82
.47
1.28
-.25
-1.09
.56
.95
.30
-.87
-.36
2.15
.91
-.64
-.97
.93
2.32
.66
-.84
-1.02
1.50
.99
126
-.81
-.17
3.37
.51
-.09
.08
-.45
2.19
-.84
2.23
-1.60
.07
-26
.45
.86
-2.12
-.65
.68
.81
.61
-.35
-.73
1.17
1.39
-.59
-2.60
1.29
.34
-.33
3fi
-1.58
1.84
.60
-.28
.19
1990
-.59
1.59
1.45
-.08
-.84
17
-20
-.99
-1.75
-.32
-.18
-1.11
1955
1956
1957
1958
1959
tm[\
!....
.
1975
1976
1977
1978 ..
1979
.
-.52
-.46
-.53
.05
1.14 '
-121
.59
2.12
-.36
2.20
.86
-79
.09
225
1.09
-u
.82
-.77
.54
22
-.95
.55
-0.88
28
22
99. Change in sensitive materials prices, smoothed (percent) t
.38
1948
1949
-.66
-.91
-1.16
-1.73
-2.02
-2.19
.30
-1.98
.14
-1.40
-16
-.72
-.41
-.49
-48
-.16
-.54
.11
1950
1951
1952
1953
1954
.28
4.47
-2.14
-25
-.68
.35
4.00
-1.86
-.33
-.63
.51
3.16
-1.61
-21
-.37
.70
2.06
-1.62
-.21
1.60
-.07
-1.33
-.06
.48
2.52
-1.50
-1.18
-.12
.61
3.73
-2.81
-.83
-21
.52
4.72
-3.61
-.40
-.33
.47
5.04
-3.44
-25
-.47
.48
4.98
-3.10
-29
-.57
.39
4.63
-2.60
-.17
-.62
.02
1.12
1.03
-1.40
-.09
27
.31
.47
.17
-.81
.67
.41
.39
-.02
-.71
.46
.37
.31
-.13
-.69
.42
.41
.16
-.24
-.74
.47
.42
-.05
-.35
-.64
.57
.46
-.32
-.48
-.46
.57
.66
-.47
-.54
-.10
.49
.68
-.43
-.52
.22
.43
.61
-.32
-.55
.46
.40
.45
-.19
-.66
.80
.42
.39
0
-.76
.99
.41
.49
.18
-.80
.83
.39
.47
-.02
-.41
-.07
.48
1960
1961
1962
1963
1964
.34
-.60
.12
-.06
.42
.16
-.39
.09
-.03
.36
-.02
-.18
.08
0
.35
-.09
-.01
-.06
-.03
.39
-.11
.15
-.08
-.03
.31
-22
.10
-.19
.03
25
-.32
.14
-28
.17
.23
-.35
20
-.33
25
.32
-.37
20
-.32
.20
.46
-.43
.25
-.24
24
.69
-.46
.03
-.11
.33
.79
-.56
.05
-09
.43
.79
-20
1965
1966
1967
1968
1969
55
.28
.31
.31
-.98
.30
1.00
,18
.37
-1.01
.41
21
.37
-1.02
.49
.85
35
27
-.91
.40
.69
.35
-1.01
28
.94
.13
-.62
.41
.34
-.37
-.22
.54
.55
.32
-.68
-.07
.57
.64
.34
-.91
.05
.58
32
.03
-.39
.47
.51
.68
.57
32
-1.04
.14
.83
.51
26
-1.04
.30
.88
.42
.32
-.19
-.48
.52
.68
-.13
.86
1.98
2.77
-25
.11
1.08
2.16
2.29
-.32
.15
1.53
2.16
1.43
-.45
22
1.73
2.31
.69
-.60
28
1.72
2.37
29
-.63
.41
1.54
2.51
-.13
-.69
.50
126
2.50
-.49
-.59
.54
1.14
2.43
-1.17
-.42
.51
1.23
2.33
-1.88
-.44
.54
1.33
2.80
-2.69
-.34
.18
1.22
223
.58
1.10
1.09
.18
1.31
.98
127
.64
.30
1.51
1.11
1.35
.36
.52
1.35
120
-.67
120
28
.88
1.34
.15
-.35
-.43
2.05
-.89
.46
-.71
-.40
2.09
-.99
.49
-.99
-.36
1.92
-1.01
.36
-.11
-.87
1.09
21
-.74
1.29 ')
.80
.47
-.56
-.59-i
1.33
.54 .62
-.84
-.79
.38
1.06
.45
.OS
-.25
-.47
-27
1955
1956
1957
1958
1959
.
.95
1970
1971
1972
1973
1974
.31
-.46
.58
1.44
2.93
.09
-.40
.60
1.72
2.91
1975
1976
1977
1978
1979
-3.01
1.29
.19
.72
1.22
-2.81
121
.19
.84
1.24
-2.42
1.09
.45
.75
1.39
-1.74
1.15
.51
.52
1.62
-1.00
1.27
,46
.38
1.76
-.77
1.37
23
.56
1.75
-.56
1.72
.11
.66
1.62
-.05
1.71
.11
.86
128
1980
1981
1982
1983
1984
1.32
.32
-1.12
-.19
1.61
1.45
.01
-1.10
21
1.38
1.47
-.05
-1.09
.44
1.19
1.00
.05
-124
.17
.10
-1.17
.67
.70
-.55
.12
-1.17
.79
.41
-.83
.14
-.95
1.12
.05
-.60
.15
-.81
1.59
-.34
.66
1.50
.10
1.04
.. -90
-23
-.07
-.57
1.86
-.56
1985
1986
1987
1988
1989
-1.01
-23
1.29
.39
-.94
-.05
1.02
25
-.81
-.08
-.74
-.14
.66
.80
.95
.80
26
.95
.36
.74
-.73
-.03
1.08
.45
.40
-.76
24
120
.62
.04
-.76
.58
1.31
.62
-29
-.73
.35
1.37
.58
-.49
-.B3
.42
1.30
.45
-.51
-.80
.85
1.15
29
-.45
1990
-.99
-1.11
-.87
-.42
-.10
.09'
21
.30
.29
.11
-20
.55
.98
i Data are smoothed by an autoregressive-moving-average fitter developed by Statistics Canada.
"I
26
2.52
-.20
- 1 11
-.29
.15
-.01
-.12
.13
.45
C-42
SURVEY OF CURRENT BUSINESS
October 1991
Historical Data for Selected Series-Continued
YEAR
Jan,
FeD
Mar.
Apr.
May
June
July
Aug.
SepL
Oct.
Nov.
Dec.
Annual
101. Commercial and industrial loans outstanding in 1982 dollars (mil. $}
194a
1949
44.744
47.557
45.364
48.183
45,408
47,776
45.420
47.423
46.469
47.095
46,903
46,765
47,457
45,592
47,521
44.977
47.537
44,739
47,701
45,015
47,169
44,781
47,149
44,842
•46,570
46,229
1950
1951
1952
1953
1954
45.212
49.980
60450
67,331
65.980
45.172
51.168
60,833
67.540
66.406
45.172
52,550
61.255
67.791
66.321
45.475
54,221
61,608
69,041
65.878
45.261
55.524
61.813
69.251
65.388
45,985
56,472
62,529
69,269
65,325
46.081
57.182
62.855
68.425
65.106
46.541
57.894
62.584
69,150
62.437
47.799
53.209
63,605
68.554
62,486
48,535
58,648
64,661
68.455
62,591
49,721
59.568
67,082
66,616
64,707
46.684
55,850
62.970
63,297
64,646
1955
1956
1957
1958
1959
64 942
76246
85.503
85.543
83,243
65235
76^520
85,577
84,559
83.290
66 168
7&515
86,955
83.713
83.981
66 362
79^581
87.630
83.463
84.506
67,583
80^630
63,352
82.082
85,903
68.717
81700
89.203
82,079
87,543
70,126
83,030
89,259
81,962
87.495
71207
831312
89,092
81,677
89,028
71 703
83*853
89,639
82206
89,303
73 091
84.095
88.728
82.740
90,370
49.252
58,904
66,304
68,093
63,127
74 434
841847
87,275
82,848
91,130
75495
85! 159
86,834
83.301
91752
69622
81457
87.837
83.015
87,295
1560
1961
1962
1963
1964
91.586
95.855
97,858
105 348
U3!0S8
93.161
95.761
93.237
105940
114^576
93223
96,182
93.804
106 305
114.592
93,805
96,696
99.744
107,252
115,623
94,968
96,829
100,492
107403
116.952
96.192
97256
101,197
107 399
117>02
96,142
96,806
101,551
107445
118.177
95,997
97,156
102.424
108294
Iig'380
96,335
97,400
102.270
109155
120.691
96,148
97,403
103,839
110557
121293
96.505
97,594
104,726
112420
122,584
96,215
97,718
105,193
114 136
124,533
95,048
96,688
101.361
108 471
118,266
1565
1566
1957
1968
1969
126.538
149,336
171.355
184,234
205,305
129.201
150,479
172,904
183.565
206,240
131.937
152,536
175.331
183,900
208.463
133 372
154,157
177.852
186,997
213.354
135.850
156.256
177.955
186.968
215.124
136043
158;811
178,851
188,412
217.120
137.052
160,633
179,973
169,813
217.539
140 096
163,307
179,838
193,336
221,423
142.954
164,955
180.641
194.852
224,117
144 418
167710
182.018
197,099
225,900
146,353
169,505
183,458
199,858
226,504
147290
170,315
184,341
201,277
227,826
137.592
159,838
178,717
190.859
217,410
1970
1971
1972
1973
1974
225.137
226.739
217,727
226,632
232,586
227,790
226.101
217,500
231.212
232.644
231.065
226.214
219,885
230.700
232,684
230,617
223.032
222.244
233.413
240.696
231.962
223,824
222.547
231.627
241,527
232,870
220.738
222,338
231.134
243,340
231,547
216.311
221,072
237,374
242.048
234.407
221,265
221,446
228,432
238,469
234.119
226,807
220.381
232,244
245.848
229.714
224.360
225,691
236.855
243,149
228,240
223,948
226.819
238.445
243,439
228,283
220,953
224,114
235,590
244,106
230,480
223,534
221,814
232.805
240.061
1975
1976
1977
1978
1979
245.038
209.254
198.169
202,332
211.348
244.065
209.947
198,143
200,975
211,403
242.798
205,817
196,847
203,430
211.524
237,503
199.322
195.570
203 797
215!596
231,002
199.127
195.920
205,797
217,070
226,547
199,376
198,446
207 924
220i029
222.680
196.961
197.942
208 717
221.364
219,625
197,204
200,329
209 932
2241896
215734
195.324
200.380
209 534
227! 182
212,373
196,721
201,485
209 611
224|603
211,985
198.898
202,541
211,492
222,027
211,466
198,760
202,979
210 275
223JS53
226,735
200,560
199,063
206 985
219,216
1980
1981
1932
1983
1984
226.606
223.756
255.459
268.017
267,024
227,029
222.051
260.455
267.246
270.702
229.035
218.223
262.378
268,376
276,583
228.454
219.931
267.759
264.546
282,904
225.092
225.106
271,565
259,390
288,689
228,246
228,949
272.899
259,504
298,112
222.492
231,984
272,072
258,345
301703
220,472
237,186
272722
258,227
305,775
221,829
241,748
274.885
257,595
310,868
220,611
244,062
274,307
256,193
314,940
224,520
247,793
269.427
257,774
316.890
224,962
250,663
263,382
261,357
318,318
224.946
232,642
268,109
261,381
296.042
1985
1986
1S37 .
1SS8
1989
318,828
340,214
364,667
354,115
371,958
321,793
343 552
36V323
358.998
377,818
324,607
346 847
359^137
360.440
379,200
324,451
344 018
356444
363316
379,516
326,674
345 052
3S3!526
362,669
385.105
326,114
346 324
353171
363J63
388,500
328,855
349 561
350404
364,182
392.447
331782
354,412
346810
365J85
401.473
332.614
353 127
350297
364J379
399.826
334,166
353 830
351 '588
368i050
398,845
335,617
353 963
350ii13
369,929
401,214
336736
359,861
352 611
372J61
393,662
328.520
349 230
354*174
363,932
389,547
1990
393.403
399,434
409.697
408,784
405,575
407,008
409,398
405,392
402,789
393.160
392.583
393,386
401,717
805.5
824.0
804.7
819.8
807.5
826.5
812.8
824.0
8112
8286
8166
820.9
824.0
808.9
8330
850^5
8917
822.4
805 9
8370
855^0
891.7
811.6
804.4
8365
854^1
696.4
831.0
800.4
8234
8482
874.8
106. Money supply M2 in 1982 dollars (bil. $)
1948
1949
832.1
8133
832.1
8165
835.7
816.5
8239
817.7
816.1
819.4
8128
819.0
1950
1951
1952 .
1953
1954
833 6
801.9
807 6
840.6
856.6
834.7
791.4
8146
8420
856.1
8333
791,0
8164
8433
858.6
841.2
792.5
816 0
8458
860.9
833.5
7922
8219
848.4
868.5
840.5
797.8
822 5
8464
871.0
832.8
801.9
8191
8SV3
878,4
831.1
808.6
825 4
8504
882.7
8282
8082
8304
85i!i
884.5
1955
1956
1957
1958
1959
901.1
9169
911.2
897.0
952.5
9032
913.6
9C6 6
9047
956.1
902,2
9158
9069
909.1
S66.9
904,7
915.0
9083
912.7
964.1
911,6
9143
907.9
918.7
971.1
911.6
910.3
9058
927.1
973.5
913.7
908.1
905 5
93o!s
977.8
913.7
908.1
904 8
936.8
9782
909.7
908.8
9051
9395
975.3
914.4
906.7
906 1
942^8
972.5
910.8
909.1
904 1
94V5
974.4
916.2
9077
904.1
949.5
976.4
909.4
9112
906 4
925.8
969.9
1960
1951
1962 ....
1S63
1964
981.2
1.0168
1,085.9
1.1600
1,235.9
9790
1,024.6
1,090.7
1,1683
1.242.8
931.3
1.029.8
10S94
1.172.5
1,243.8
980.7
1.035.6
1.104.2
1.181.6
1,255 6
983.7
1.043.0
1,110.2
1,1902
1,263.4
984.4
10492
1.115.3
1,193.4
1 r267,6
994.4
1,050.6
1,121 4
1,202.5
1277-9
999.7
1 056.8
1,123.9
1,206.6
1287.9
1,003,9
1.0592
1.126 0
1,213.2
1,293.8
1,001.9
1,065.0
1134.3
1217.9
1,3022
1,006.5
1,072.3
1,1425
1.227.9
1,307.4
1.011.0
1,078.8
1 151 4
1229.1
1,3152
992.3
1,048.5
11171
1,196.9
1,274.9
1965
1966
1S67
1968
1969
1.324.5
1.401.2
1,4135
1,495.2
1,543.1
1,332 8
1.399.*
1,418.1
1,4932
1.5368
1.336.7
1.402 4
1,430.7
1.500.8
1.534 8
1,340.3
1401.2
1>35 0
1,505.3
1.531.9
1.344.9
1,403,0
1.445,3
1.505.6
1,529.4
1.345.3
1 401 8
11*54.8
1,5072
1,526.4
1,358.6
1.401 5
1.468.4
1.508.3
1.522.0
1.363.0
1 394.4
1>72.9
1,514.9
1.515.9
1,373.7
14021
1'479.3
1,521.4
1.516.4
1,380.5
1 396 2
1*486.0
1,524.9
1,508.8
1,3902
1,4003
1,489.1
1,531.9
1,509.0
1,392.1
1,407.6
1/94.0
1,539.1
1.507.9
1,356.9
1 400 9
V457.3
1,512.3
1,523.5
1970
1971
1972
1973
1974
1.505.1
1.536.1
1,686.2
1,841.2
1.738.6
1,469 6
1.543.2
1.697.0
1.833.6
1,7763
1.488.1
1.569 4
1.715-2
1,823.6
1.770.9
1.481.2
1.589.2
1,724.9
1,622.1
1,7692
1,485.0
1,601.0
1.731.8
1.825.7
1.749.2
1,489.3
1.606.7
1.7424
1.828,2
1.7452
1,489.8
1.614,5
1,760.7
1.8357
1.738.6
1,5002
1,625.1
1,774.3
1,810.5
1,723.6
1,508.4
1.641.6
1.791.1
1.808.6
1,711.7
1.5137
1,651.9
1,802.5
17939
1.698.7
1.517.8
1.6672
1,814.8
17952
1,6957
1.524.5
1,673.0
1,830.0
1.797.5
1,6857
1,499.4
1,610.3
1,755.9
1,818.1
1,737.8
1975
1976
1977
1978
1979
1.683 4
1,783.9
1.936.0
1,994.2
1,967.8
1,688.4
1,809 8
1,938.7
1.993.0
1,955.2
1,702.7
1,822.6
1,941.1
1,989.1
1,950.7
1 7181
18337
1347.1
1,989,4
1.948.5
17323
1.8527
1.957.9
1,988.0
1,935.0
1 7498
1 847.4
1362.0
1,978.0
1,936.0
17494
1,853 6
1,966,7
1,976,0
1.931.6
1 7612
1866.8
13750
1,976.4
1.9250
1764 3
1877.6
1384.7
1,981.4
1,920.3
1 765 9
18935
i!990.9
1,975.3
1,910.8
17712
19081
1,991.3
1,973.8
1,891.8
1,7766
1,973.0
1.830 8
1,738.6
1 !856.9
1365.3
1.982.3
1,929.5
1980
1581
1982
1533
1984
1.865 5
1,813.7
1.852.6
1,9777
2.080.3
1858.8
1.810.7
1.850.6
2,013.3
2.089.4
1,837.8
1.819.3
1.8627
2.029.9
2.097.1
1 816 0
1.831.6
1,870.2
2.033.0
2.103.1
18039
1,823,4
1.665.1
2,033.5
2,110.3
1 813 1
1,817.5
1.853.7
2.047.7
2.118.4
1,837 0
1,811.5
1,858.0
2,051.4
2.119.6
1844 2
1,815.7
1.872.9
2.054.3
2,1227
1 8459
1,8102
1.885.7
2.060.4
2.131.4
1 839.5
1,892.6
2,070.5
2,135.4
1 8370
1,8282
1,9082
2,076.8
2,154 0
1 821 0
1*839'3
1,9297
2,0322
2,172.6
1 835 4
i!820ii
1,875.3
2,044.6
2,119.5
1985
1966
1937
1988
1983
2,192.0
2.260.5
2.451.1
2.441.3
2,4447
2.200.7
2,274.0
2.439.2
2.4546
2,434,9
2.199.7
2,3030
2.436.0
2.459.6
2,432.3
2.197.1
2.334.8
2,436 4
2,4658
2,418.0
2.206.2
2,350.8
2,433.1
2,472.3
2,403.0
2,224.8
2,361.6
2,427.0
2.472.0
2.414.5
2.235,5
2,383.3
2,425.9
2,467.1
2,425.9
22469
2,400.8
2.4272
2.459.6
2,437.9
2,256.6
2,409.6
2,431.9
2.449.8
2,4442
2,257.5
2,426.2
2,4368
2,448,8
2.450.3
2259.0
2,435.5
2.431.9
2,453.6
2,4547
2264.1
2.449.1
2,427.1
2,452.0
2,460.4
2,228,3
2.365.8
2,4336
2.453.0
2.435.5
1950
2.446,0
2.451,1
2.451.0
2,453.2
2.451.7
2.442.9
2.437.5
2.4265
2.417.6
2.4057
2,396,5
2,3927
2,431.0
804.3
825.2
11820.0
1323i
i!99i'8
C-43
SURVEY OF CURRENT BUSINESS
October 1991
Historical Data for Selected Series-Continued
Jan.
YEAR
Mar.
Feb.
Apr.
May
July
June
Sept
Aug.
Oct.
109. Average prime rate charged by banks, NSA (percent)
1948
1949
1.75
. 2.00
1.75
2.00
1.75
2.00
1.75
2.00
1.75
2.00
1.75
2.00
1.75
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
1.85
2.00
2.07
2.56
3.00
3.17
3.05
2.00
2.44
3.00
3.00
3.25
2.00
2.50
3.00
3.00
3.25
2.00
2.50
3.00
3.00
3.13
2.00
2.50
3.00
3.03
3.00
2.00
2.50
3.00
3.25
3.00
2.00
2.50
3.00
3.25
3.00
2.00
2.50
3.00
3.25
3.00
2.00
2.50
3.00
3.25
3.00
2.08
2.50
3.00
3.25
3.00
225
2.62
3.00
325
3.00
225
2.75
3.00
3.00
225
2.85
3.00
3.25
3.00
1955
1956
1957
1958
1959
3.00
3.50
4.00
4.34
4.00
3.00
3.50
4.00
4.00
4.00
3.00
3.50
4.00
4.00
4.00
3.00
3.65
4.00
3.83
4.00
3.00
3.75
4.00
3.50
4.23
3.00
3.75
4.00
3.50
4.50
3.00
3.75
4.00
3.50
4.50
3.23
3.84
4.42
3.50
4.50
3.25
4.00
4.50
3.83
5.00
3.40
4.00
4.50
4.00
5.00
3.50
4.00
4.50
4.00
5.00
3.50
4.00
4.50
4.00
5.00
3.16
3.77
420
3.83
4.48
1960
1961
1962
1963
1964
5.00
4.50
4.50
4.50
4.50
5.00
4.50
4.50
4.50
4.50
5.00
4.50
4.50
4.50
4.50
5.00
4.50
4.50
4.50
4.50
5.00
4.50
4.50
4.50
4.50
5.00
4.50
4.50
4.50
4.50
5.00
4.50
4.50
4.50
4.50
4.85
4.50
4.50
4.50
4.50
4.50
4.50
4.50
4.50
4.50
4.50
4.50
4.50
4.50
4.50
4.50
4.50
4.50
4.50
450
4.50
4.50
4.50
4.50
4.50
4.82
4.50
4.50
4.50
4.50
1965
1966
1967
1968
1969
4.50
5.00
5.96
6.00
6.95
4.50
5.00
5.75
6.00
7.00
4.50
5.35
5.71
6.00
7.24
4.50
5.50
5.50
6.20
7.50
4.50
5.50
5.50
6.50
7.50
4.50
5.52
5.50
6.50
8.23
4.50
5.75
5.50
6.50
8.50
4.50
5.88
5.50
6.50
8.50
4.50
6.00
5.50
6.40
8.50
4.50
6.00
5.50
6.00
8.50
4.50
6.00
5.68
6.20
8.50
4.92
6.00
6.00
6.60
8.50
4.54
5.63
5.63
628
7.95
1970
1971
1972
1973
1974
8.50
6.29
5.18
6.00
9.73
8.50
5.88
4.75
6.02
9.21
8.39
5.48
4.75
6.30
8.83
8.00
5.25
4.98
6.60
10.02
8.00
5.42
5.00
7.01
11.25
8.00
5.50
5.04
7.49
11.54
8.00
5.90
5.25
8.30
11.98
8.00
6.00
5.27
923
12.00
7.83
6.00
5.50
9.86
12.00
7.50
5.91
5.73
9.94
11.68
728
5.47
5.75
9.75
10.83
6.92
5.25
5.79
9.75
10.50
7.91
5.70
5.25
8.02
10.80
1975
1976
1977
1978
1979
10.05
7.00
6.25
7.93
11.75
8.96
6.75
6.25
8.00 .
11.75
7.93
6.75
6.25
8.00
11.75
7.50
6.75
6.25
8.00
11.75
7.40
6.75
6.41
8.27
11.75
7.07
7.20
6.75
8.63
11.65
7.15
7.25
6.75
9.00
1154
7.66
7.01
6.83
9.01
11.91
7.88
7.00
7.13
9.41
12.90
7.96
6.78
7.52
9.94
14.39
7.53
6.50
7.75
10.94
15.55
726
6.35
7.75
11.55
15.30
7.86
6.84
6.82
9.06
12.67
1980
1981
1982
1983
1984
15.25
20.16
15.75
11.16
11.00
15.63
19.43
16.56
10.98
11.00
18.31
18.05
16.50
10.50
11.21
19.77
17.15
16.50
10.50
11.93
16.57
19.61
16.50
10.50
12.39
12.63
20.03
16.50
10.50
12.60
11.48
20.39
1626
10.50
13.00
11.12
20.50
14.39
10.89
13.00
1223
20.08
13.50
11.00
12.97
13.79
18.45
12.52
11.00
12.58
16.06
16.84
11.85
11.00
11.77
20.35
15.75
11.50
11.00
11.06
1527
18.87
14.86
10.79
12.04
10.61
9.50
7.50
8.75
10.50
10.50
9.50
7.50
8.51
10.93
10.50
9.10
7.50
8.50
11.50
10.50
8.83
7.75
8.50
11.50
10.31
8.50
8.14
8.84
11.50
9.78
8.50
8.25
9.00
11.07
9.50
8.16
8.25
9.29
10.98
9.50
7.90
825
9.84
10.50
9.50
7.50
8.70
10.00
10.50
9.50
7.50
9.07
10.00
10.50
9.50
7.50
8.78
10.05
10.50
9.50
7.50
8.75
10.50
10.50
9.93
8.33
820
9.32
10.87
10.11
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.01
1950
1951
1952
1953
1954
.
1985
1986
1987
1988
1989
.
1990
325
120a. Consumer Price Index for services (1982-84=100)
•(948
4
1949 .II
II1..II"" .>..".'."".".
1950
1951
'
1952 I"I!
1953
1954
1955
1956 ~
1957
1958
1959
I!!! I!".I
t
tt
"—.
]
'.
I!
,
t
...".. '.'.
t4
20.7 "
21.4
22.3
22.9
20.7
21.4
22.4
23.0
20.7
21.6
22.4
23.0
20.8
21.6
22.5
23.1
20 8
21.7
22.6
232
209
21.8
22.6
232
20 9
21.8
22.7
23.3
210
21.9
22.7
23.4
211
22.0
22.8
23.5
211
22.1
22.8
23.6
212
222
22.8
23.6
213
222
22.8
23.7
209
21.8
22.6
23.3
1960
1961
1962
1963
1964
23.7
24.4
24.8
25.3
25.8
23.8
24.4
24.8
25.3
25.8
23.9
24.4
24.9
25.3
25.8
23.9
24.5
24.9
25.4
25.9
24.0
24.5
25.0
25.4
25.9
24.0
24.5
25.0
25.5
26.0
24.1
24.5
25.1
25.5
26.0
24.1
24.6
25.1
25.6
26.0
242
24.6
25.1
25.6
26.0
24.2
24.7
25.1
25.6
26.1
24.3
24.7
252
25.7
26.2
24.3
24.8
252
25.8
262
24.0
24.6
25.0
25.5
26.0
1965
1966
1967
1968
1969
26.3
27.0
28.3
29.5
31.4
26.4
27.0
28.4
29.6
31.5
26.4
27.1
28.5
29.8
31.8
26.5
27.3
28.6
29.9
32.0
26.5
27.4
28.6
30.0
322
26.5
27.5
28.8
30.2
32.3
26.6
27.7
28.8
30.4
32.5
26.6
27.7
28.9
30.6
32.7
26.7
27.9
29.0
30.7
33.0
26.8
28.0
29.2
30.9
33.1
26.9
282
292
31.0
33.3
26.9
282
29.4
312
33.5
26.6
27.6
28.8
30.3
32.4
1970
1971
1972
1973
1974
33.8
36.4
37.9
39.1
41.8
34.0
36.5
38.0
39.2
42.0
34.4
36.5
38.1
39.4
42.4
34.$
36.6
38.2
39.5
42.6
34.8
36.7
38.3
39.6
43.1
35.0
37.0
38.4
39.8
43.5
352
37.1
38.5
39.9
44.0
35.4
37.3
38.6
402
44.5
35.6
37.4
38.7
405
45.0
35.8
37.5
38.8
41.0
45.4
36.0
37.6
38.9
41.3
45.8
362
37.7
39.0
41.5
462
35.1
37.0
38.5
40.1
43.9
1975
1976
1977
1978
1979
46.5
50.5
54.1
58.3
63.8
46.9
50.8
54.4
58.7
64.4
47.0
51.1
54.8
59.1
64.9
47.3
51.3
552
59.6
65.5
47.5
51.4
55.4
60.0
66.2
47.8
51.7
55.8
60.5
66.8
48.0
52.1
56.3
61.0
67.6
48.3
52.4
56.6
61,5
68.5
48.7
52.8
56.9
62.1
692
49.0
53.1
572
62.6
70.1
49.6
53.4
57.6
63.1
71.1
49.9
53.7
57.9
63.3
72.0
48.0
52.0
56.0
60.8
67.5
1980
1981
1982
1983
1984
73.1
83.0
93.5
97.5
102.1
74.1
83.7
93.9
97.9
102.6
75.4
84.4
94.0
98.1
103.0
76.6
85.3
94.9
98.7
103.5
77.6
86.4
95.7
98.9
103.9
79.0
87.5
96.5
992
1042
78.5
88.9
97.0
996
104.9
78.5
89.9
97.6
99.8
105.4
79.0
912
97.6
1002
105.9
80.0
91.7
97.9
100.7
106.3
81.1
92.5
97.7
101.3
106.7
822
93.0
96.9
101.6
107.1
77.9
88.1
96.1
99.5
104.6
1985
1986
1987
1988
1989
107.4
113.1
117.9
123.1
129.0
107.9
113.5
118.3
123.5
129.6
108.4
114.1
118.7
124.0
130.1
108.7
114.6
119.2
124.4
130.6
109.4
114.8
119.6
124.9
131.1
109.8
115.5
120.0
125.4
131.6
110.3
115.7
120.3
1258
132.3
110.7
116.1
121.0
126.4
132.7
111.0
116.5
121.3
126.9
133.1
111.5
116.9
121.7
127.4
133.6
112.1
117.2
122.1
127.9
134.2
112.5
117.5
122.5
128.4
134.9
110.0
115.5
1202
125.7
131.9
135.6
138.2
137.0
137.6
137.9
138.8
139.6
140.4
141.1
141.6
142.1
142.7
1392
1990
.
NSA Not seasonally adjusted
C-44
SURVEY OF CURRENT BUSINESS
October 1991
Historical Data for Selected Series—Continued
YEAR
Jan.
Apr.
Mar.
Feb.
May
June
Aug.
July
Annual
Dec.
Nov.
Oct.
Sept.
120b. Change in Consumer Price Index for services (AR, percent)
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
5.7
59
5.7
5.5
5.3
0
5.0
0
4.8
4.8
0
• 4.5
4.3
8.4
12.0
9.0
7.3
3.3
3.2
3.1
5.9
1975
1976
1977
1978
1979
8.1
15.4
9.3
86
S.9
1980
1981
1982
1983
1984
5.8
55
5.4
0
0
5.5
5.4
1960
1961
1962
1963
1964
C
5.1
0
4.9
0
5.2
0
0
0
0
0
4.9
0
0
1965
1966
1967
1968
1969
4.7
4.6
4.3
4.2
8.0
4.7
0
4.3
4.1
3.9
1970
1971
1972
1973
1974
11.3
6.8
6,6
0
5.6
58
5.6
5.2
o
5.1
0
0
0
0
4.6
9.0
4.2
59
o
0
58
0
0
5.2
4.3
2.7
4.0
0
5.0
0
0
4.7
5.1
0
4.9
4.8
4.7
0
5.0
0
4.8
0
2.6
2.1
1.6
2.4
1.6
4.6
8.9
0
4.0
7.5
0
0
11.6
4.6
4.4
8.6
8.1
3.7
8.5
8.0
7.5
2.7
4.9
4.3
6.1
7.4
7.0
3.3
3.2
9.3
14.3
7.0
3.3
3.1
15.9
11.2
6.9
3.2
3.1
9.1
11.1
6.9
32
3.1
6.0
11.0
11.4
10.4
9.6
6.5
12.4
13.0
7.6
7.0
15.7
7.0
87
10 0
18.5
7.5
7.0
6.4
39
1&3
8.0
7.7
7.8
94
13.8
17.8
11.0
-2.4
7.4
4.6
175
6.7
-9.4
3.6
4.6
14.6
13.2
4.4
4.9
5.4
67
31
4.0
4.8
5.1
45
4.3
4.8
5.1
59
5.6
o
0
0
0
54
5.3
5.3
o
5.6
5.4
5.3
5.1
0
4.9
0
0
0
0
0
4.8
4.7
5.1
0
4.9
0
0
0
5.0
0
4.8
0
4.6
9.2
4.3
4.1
7.8
0
4.5
0
4.1
7.8
0
4.5
8.7
8.3
3.6
4.6
9.1
0
8.2
7.7
0
0
4.2
8.2
7.6
15.1
0
3.2
6.3
12.0
72
3.3
32
3.1
5.8
7.2
3.3
3.2
3.1
15.0
7.1
10.3
3.2
6.2
11.7
7.1
3.3
3.2
3.1
14.7
10.8
7.4
6.9
86
11.9
2.6
7.3
92
85
97
7.9
4.8
9.1
10.6
117
5.2
2.4
4.4
8.4
13^6
7.8
7.2
9.0
105
\\A
5.1
9.7
11.3
10.4
\5A
200
12.3
6.6
7.7
6.1
17.7
10.6
5.3
5.0
6.0
232
20.9
13.6
12.1
7.6
6.0
168
16.6
10.6
2.5
4.7
23 9
16'.4
10.5
3.7
3.5
-73
21.0
6.4
4.9
8.4
1985
1986
1987
1988
1989
3.4
66
4.2
6.0
5.8
5.7
43
4.1
4.0
5.7
5.7
3.4
6.5
4.1
5.0
4.7
54
5.2
3.9
4.7
6.0
2.1
4.1
4.9
47
4.5
76
4'.1
4.9
4.7
1990
6.4
5.4
7.3
5.4
2.6
8.1
"Z.
3.V
0
11.8
o
0
5.2
10.5
1.3
2.5
4.8
60
0
55
5.3
0
'<
7.0
6.7
3.2
9.4
14.5
7.8
7.1
6.6
10 3
viz
o
4.0
f
6.5
10 1
1&8
8.1
4.2
3.5
6.5
16 3
14.4
7.7
2.4
5.9
79
18.8
0
4.9
5.8
5.6
2.1
3^0
3.9
6.6
4.4
42
12
" 5.9
3.7
3.3
4.2
3.0
4.9
37
5.5
5.5
4.4
3 1
4'.0
4.8
6.4
7.1
7,1
6.1
4.3
4.3
5.2
5.8
6.8
3.8
6.2
4.6
42
4.0
4.8
4.6
120. Change in Consumer Price Index for services, smoothed {AR, percent) t
1948
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
47
42
1.6
4.3
43
22
1960
1961
1962
1963
1964
3.5
2.6
2.3
1.9
2.5
1965
1956
1967
1968
1969
23
4.9
35
3.2
30
43
35
3.4
34
4.2
31
38
39
42
31
4.2
37
45
27
4.6
39
4.8
21
4.2
43
43
15
4.1
4.6
33
3.3
3.2
1.9
2.3
1.8
1.6
2.8
2.9
1.1
2.4
2.1
1.9
2.5
2.7
1.4
1.9
2.2
1.2
2.4
1.8
1.4
1.9
\A
2.6
1.9
1.6
2.0
2.0
2.4
2.3
1.5
2.5
2.1
2.9
1.9
2.0
20
1.8
2.8
43
2.2
47
3.8
5.7
7.4
2.2
3.5
5.4
7.8
1.9
53
3.4
6.8
2.1
5.6
ZA
6.8
7.8
2.5
57
42
6.9
7.5
3.0
56
4.5
6.6
7.3
2.6
4.6
4.1
6.0
9.4
3.5
3.6
37
9.5
9.0
4^1
3.4
4.1
10.1
86
4.3
3.3
4.2
11.1
4.9
12.2
7.6
AS
3.2
5.9
13.0
7.3
4*6
3.1
7.9
13.3
3.1
61
4.0
6.6
7.4
71
4.3
3.1
9.2
13.2
75
8.0
68
7.1
7.8
9.1
62
6.8
8.3
95
11.9
17.1
154
61
6.7
8.3
99
132
66
7.1
8.1
104
U9
70
72
7.7
107
147
12.8
161
77
3.9
5.6
9.7
169
6.8
4.1
5.8
8.7
16.0
5.8
4.5
5.7
4.9
4.1
4.6
5.1
5.3
4.5
4.5
4.7
5.0
5.0
4.3
4.5
4.8
4.8
4.9
4.2
4.4
4.9
4.6
6.0
6.3
6.4
6.2
2.3
4.8
37
27
4.8
39
3.3
3.4
2.4
1.9
1.9
2.1
3.5
1.9
2.1
1.6
1.6
3.2
2.1
' 2.0
1.9
1,7
2.5
31
5.1
4.8
6.8
3.0
28
4,7
4.9
6.5
2.9
3.1
28
1970
1971
1972
1973
1974
78
6.8
4.2
3.1
9.6
80
6.2
4.1
3.1
9.2
91
5!i
4.0
37
4.2
5.5
7.5
9.5
4.2
3.8
3.5
3.7
9.3
8.9
1975
1976
1977
1978
1979
12.0
10.4
7.6
75
9.4
11 3
10.7
97
10.5
7.9
79
9.5
86
9.5
82
84
9.8
1980
1981
1982
1983
1984
17.2
11.9
11.1
.6
17.8
12 3
92
7
5.7
18.9
12 4
19.8
125
6.4
2.1
1985
1986
1987
1988
1939
1990
4.9
5.3
3.6
4.4
5.0
4.8
5.3
3.6
4.5
4.8
5.5
3.7
4.6
52
4.7
5.5
4.0
4.5
52
5.1
4.1
4.6
5.1
5.2
5.2
4.2
4.6
5.0
5.8
6.0
5.6
58
5.5
5.2
77
77
9.4
5.2
5.5
51
38
4.4
5.4
7.1
7.0
1.0
5.7
5.7
7.9
86
io!5
n!o
19.9
132
6.6
20.5
140
2.8
5.6
5.0
3.3
5.2
t Data are smoothed Dy an autoregressive-moving-average filter developed by Statistics Canada.
AR Annual rate
1.5
2.1
2.1
1*9
55
3.5
6.2
7.3
7.5
3.8
5.5
5.3
1.4
2.3
24
1.6
12
81
4.7
3.2
69
4^0
3.1
9.5
12.8
7.3
8.2
4.7
3.5
52
11.0
83
82
7.9
9.2
1Z1
84
7.3
91
7.7
7.5
108
157
99
163
9.4
148
4.2
5.1
5.5
10.8
13.0
1.4
5.3
5.3
152
14 0
5.1
4.3
4.9
4.6
5.1
37
4.2
4.9
4.9
5.0
4.8
4.1
4.7
5.0
5.9
5.5
5.9
3.9
7i3
e's
3.1
5.6
C-45
SURVEY OF CURRENT BUSINESS
October 1991
Business Cycle Expansions and Contractions
Business cycle reference dates
Trough
Duration in months
Peak
December 1854
December 1858
June 1861
December 1867
December 1870
Contraction
(trough from
previous peak)
June 1857
October 1860
April 1865
June 1869
October 1873
18
8
32
March 1882
March 1887
July 1890
January 1893
December 1895
June 1897
December 1900
August 1904
June 1908
January 1912
Cycle
Expansion
(trough to peak)
Trough from
previous trough
Peak from
previous peak
18
30
22
46
18
34
48
30
78
36
40
54
50
52
65
38
13
10
17
36
22
27
20
18
99
74
35
37
37
101
60
40
30
35
June 1899
September 1902
May 1907
January 1910
January 1913
18
18
23
13
24
24
21
33
19
12
36
42
44
46
43
42
39
56
32
36
December 1914
March 1919
July 1921
July 1924
November 1927
August 1918
January 1920
May 1923
October 1926
August 1929
23
7
18
14
13
44
10
22
27
21
35
51
28
36
40
67
17
40
41
34
March 1933
June 1938
October 1945
October 1949
May 1954
May 1937
February 1945
November 1948
July 1953
August 1957
43
13
8
11
10
50
80
37
45
39
64
63
88
48
55
93
93
45
56
April 1958
February 1961
November 1970
March 1975
July 1980
November 1982
April 1960
December 1969
November 1973
January 1980
July 1981
July 1990
8
10
11
16
6
16
24
106
36
58
12
92
47
34
117
52
64
28
32
116
47
74
18
108
18
22
18
11
27
35
3
50
51
48
53
56
March 1879
May 1885
April 1888
May 1891
June 1894
.
49
Average, all cycles:
1854-1990
1854-1919
1919-1945
1945-1990
30 cycles) ...
16 cycles) ...
6 cycles)
8 cycles)
Average, peacetime cycles:
1854-1990 (25 cycles)
1854-1919 (14 cycles)
1919-1945 (5 cycles)
1945-1990 (6 cycles)
1. 31 cycles.
2.15 cycles.
3.9 cycles.
4. 26 cycles.
5. 13 cycles.
6. 7 cycles.
NOTE.—Figures printed in bold italic are the wartime expansions (Civil War, World Wars I and II, Korean war, and
Vietnam war), the postwar contractions, and the full cycles that include the wartime expansions.
Source: National bureau of Economic Research, Inc., 1050 Massachusetts Avenue, Cambridge, MA 02138.
19
22
20
11
4
29
24
26
6
43
46
46
46
46
2
53
49
53
3
61
5
47
45
6
53
48
C-46
SURVEY O F CURRENT BUSINESS
October 1991
Specific Peak and Trough Dates for Selected Indicators
Specific peak dates corresponding to reference peaks in—
Series
Series title
July 1981
Nov. 1973
Jan. 1980
Dec. 1969
Apr. 1960
Aug. 1957
2/69
4/69
11/68 (-1
5/59 —11
4/59 -12)
3/59 -13
2/59 -14
3/59 -13
11/58 -17
4/59 -12
11/58 i -17
7/59
H
NST
2/60
6/59 -10)
4/59 < -12
11/55
9/55
7/55
4/55
11/56
2/55
1/56
8/55
7/56
1/56
11/56
12/55
5/55
July 1953
LEADING INDICATORS
3/79
9/78
12/78
4/79
3/79
6/78
12/78
5/79
NST
1/78
Average weekly hours, mfg
Average weekly initial claims (inverted)
Mfrs.' new orders in 1982 dollars, consumer goods and materials
Vendor performance, slower deliveries diffusion index
Contracts and orders for plant and equipment in 1982 dollars
940
Change in sensitive materials prices (smoothed')
Index of stock prices, 500 common stocks
Money supply M2 in 1932 dollars
Index of consumer expectations
Composite index of 11 leading indicators
Ratio, coincident index to lagging index
11/76
10/78
4/78
-21]
-25
-28
(-9
-30
-19
-24
-13
-19
(-9
-20
-27
10/52
COINCIDENT INDICATORS
Employees on nonagricultural payrolls
Persona! income less transfer payments in 1982 dollars
Index of industrial production .....
.....
Mfg. and trade sales in 1982 dollars
'.'.
Composite index of 4 coincident indicators
...
I..
7/81
6V81
7/81
1/81
7/81
(0)
(+1
"'
H
3/80 (+2)
1/80
(0
3/80 (+2
3/79 (-10
1/80
(0)
10/74 (+11
11/73
(0
11/73
0
11/73
0
11/73
(0
3/70
NST
10769
10/69
3/57
8/57
3/57
2/57
2/57
4/60
(4/53
7/53
(-3)
(0)
LAGGING INDICATORS
Average duration of unemployment (inverted)
Ratio, mfg. and trade inventories to sales in 1982 dollars
62 Change in index of labor cost per unit of output, mfg. (smoothed'}
Average prime rate charged by banks
Commercial and industrial loans outstanding in 1982 dollars
Ratio, consumer installment credit to personal income
120 Change in Consumer Price Index for services (smoothed l )
Composite index of 7 lagging indicators
9/81
7/79
6/80
6/80
4/80
3/80
11/79
6/80
4/80
Nov. 1982
July 1980
9/73
3/75
3/75
9/74
9/74
(-2)
"'
4/74
10774 (+11J
12/74 +13
9/57
4/58
358
12/57
9/57
1/58
3/57
12/57
10/69 (-2)
11/70 (+11
1/70 (+1)
2/70
8/70
NST
4/70 (+4)
3/70
+3
Specific trough dates corresponding to reference troughs in—
Mar. 1975
Nov. 1970
Feb. 1961
9/70 (-2)
10/70 (-1)
11/70
(0
12/70 (+1
10/70 (-1)
1/70 (-10
8/70
970
6/70
4/70
5770
10770
11/70
12/60 (-2
2/61
(0
2/61
(0
3/60 (-11
3/61
12/60
5/60
1/61
10/60
NST
11/60
4/60
2/61
Apr. 1958
May 1954
LEADING INDICATORS
940
Average weekly hours, mfg
Average weekly initial claims (inverted)
Mfrs.' new orders in 1982 dollars, consumer goods and materials
Vendor performance, slower deliveries diffusion index
Contracts and orders for plant and equipment in 1982 dollars
Building permits, new private housing units
Change in mfrs.1 unfilled orders in 1982 dollars, 1durable goods (smoothed1)
Change in sensitive materials prices (smoothed )
Index of stock prices, 500 common stocks
Money supply M2 in 1982 dollars
Index of consumer expectations
Composite index of 11 leading indicators
Ratio, coincident index to lagging index
COINCIDENT INDICATORS
Employees on nonagricultural payrolls ....
Personal income less transfer payments in 1982 dollars
Index of industrial production
Mfg. and trade sales in 1982 dollars
920 Composite index of 4 coincident indicators
12/82
3/82
12/82
10/82
12/82
2/61
12/60
2/61
1/61
2/61
+1)
(0
(-2
(0
(-1
(0
LAGGING INDICATORS
Average duration of unemployment (inverted)
Ratio, mfg. and trade inventories to sales in 1982 dollars
Change in index of labor cost per unit of output, mfg. (smoothed')
Average prime rate charged by banks
101 Commercial and industrial bans outstanding in 1982 dollars
95 Ratio, consumer installment credit to personal income
120 Change in Consumer Price Index for services (smoothed')
Composite index of 7 lagging indicators
7/83
( (
1/84 (+14
1/76
11/78
11/75
4/77
9/76
2/76
8/75
6/76
(+10)
+44
(+8
(+25
+18
(+11
(+5
(+15
NOTE.—Specific peak and trough dates mark the cyclical turning points in individual series: reference peak and trough information on the selection of specific
peaks
and troughs,
p
p
g
dates mark the cyclical turning points in overall business activity. For the composite indexes and
na. Not available. This
n their components,
c o p t s , this
This indicates
indicates that
that data
data necessary
necessary to determine a turning point are not available.
5MM5 fitt ^XSS?R
MS IfJESSS^
I- ™ " *
* ™««
» « a ^ e s s r v e - m o ^ - a v e r a g e fitter dev^oped by Statsfcs Canada.
8/54
4/54
4/54
12/53
8/54
SURVEY OF CURRENT BUSINESS
October 1991
C-47
TITLES AND SOURCES OF SERIES
Series are listed below in numerical order within each of the two major groups. Series numbers are for identification only
and do not reflect relationships or order among the series. "M" following a series title indicates monthly data; "Q" indicates
quarterly data. Data apply to the whole period except when indicated by "EOM" (end of month) or "EOQ" (end of quarter).
To save space, the commonly used sources listed below are referred to by number:
Source 1—U.S. Department of Commerce, Bureau of Economic Analysis; Source 2—U.S. Department of Commerce, Bureau
of the Census; Source 3—U.S. Department of Labor, Bureau of Labor Statistics; Source 4—Board of Governors of the Federal
Reserve System.
In parentheses following the source for each series is'a reference to the C-page(s) on which that series appears. References
to data tables are in roman type; references to charts are in bold-italic type.
1. Cyclical Indicators
1. Average weekly hours of production or nonsupervisory workers, manufacturing
(M).—Source 3 (2,9)
5. Average weekly initial claims for unemployment insurance, State programs (M).—
U.S. Department of Labor, Employment and Training Administration; seasonal adjustment
by Bureau of Economic Analysis (2,9)
7. Manufacturers' new orders in 1982 dollars, durable goods industries (M).—Sources
1,2, and 3 (2,75)
8. Manufacturers' new orders in 1982 dollars, consumer goods and materials industries
(M).—Sources 1, 2, and 3 (2,9)
9. Construction contracts awarded for commercial and industrial buildings, floor space
(M).—McGraw-Hill Information Systems Company; seasonal adjustment by Bureau of
Economic Analysis (Used by permission. This series may not be reproduced without
written permission from the source.) (2,16)
10. Contracts and orders for plant and equipment in current dollars (M).—Sources 1,
2, and McGraw-Hill Information Systems Company (2)
11. Newly approved capital appropriations, 1,000 manufacturing corporations (Q).—
The Conference Board (2)
12. Index of net business formation (M).—Source 1 and Dun & Bradstreet, Inc. (2,16)
13. Number of new business incorporations (M).—Dun & Bradstreet, Inc.; seasonal
adjustment by Bureau of Economic Analysis (2,16)
14. Current liabilities of business failures (M).—Dun & Bradstreet, Inc. (4)
16. Corporate profits after tax in current dollars (Q).—Source 1 0,19)
18. Corporate profits after tax in 1982 dollars (Q).—Source 1 (2,19)
19. Index of stock prices, 500 common stocks (M).—Standard & Poor's Corporation
(3,5,10,24)
20. Contracts and orders for plant and equipment in 1982 dollars (M).—Sources 1, 2,
and McGraw-Hill Information Systems Company (2,9)
21. Average weekly overtime hours of production or nonsupervisory workers,
manufacturing (M).—Source 3 (2,13)
22. Ratio, corporate domestic profits after tax to total corporate domestic income (Q).—
Source 1 (3,70)
23. Index of spot market prices, raw industrial materials (M).—Sources 1, 3, and Commodity Research Bureau, Inc. (Used by permission. From June 1981 forward, this series
may not be reproduced without written permission from Commodity Research Bureau,
Inc.) (3,79)
26. Ratio, implicit price deflator to unit labor cost, all persons, nonfarm business sector
(Q).—Sources 1 and 3 (3,19)
27. Manufacturers' new orders in 1982 dollars, nondefense capital goods industries
(M).—Sources 1, 2, and 3 (2,16)
28. New private housing units started (M).—Source 2 OJ8)
29. Index of new private housing units authorized by local building permits (M).—
Sources 1 and 2 (3,10)
30. Change in business inventories in 1982 dollars (Q).—Source 1 (3,78)
31. Change in manufacturing and trade inventories (M).—Sources 1 and 2 (3,75)
32. Vendor performance, slower deliveries diffusion index (M).—National Association of
Purchasing Management and Purchasing Management Association of Chicago; seasonal
adjustment by U.S. Department of Commerce, Office of the Chief Economist (2,9)
$5. Corporate net cash flow in 1982 dollars (Q).—Source 1 (3)
37. Number of persons unemployed (M).—Source 3 (2)
39. Percent of consumer installment loans delinquent 30 days and over (EOM).—
American Bankers Association (4)
40. Employees on nonagricultural payrolls, goods-producing industries (M).—Source 3
(2./5)
41. Employees on nonagricultural payrolls (M).—Source 3 (2,77)
42. Number of persons engaged in nonagricultural activities (M).—Source 3 (2)
43. Civilian unemployment rate (M).—Source 3 (2,73)
44. Unemployment rate, persons unemployed 15 weeks and over (M).—Source 3 (2)
45. Average weekly insured unemployment rate, State programs (M).—Source 1 and
U.S. Department of Labor, Employment and Training Administration (2)
46. Index of help-wanted advertising in newspapers (M).—The Conference Board (2,75)
47.
48.
49.
50.
51.
52.
53.
57.
58.
59.
60.
61.
62.
63.
66.
69.
70.
72.
73.
74.
75.
76.
77.
81.
82.
83.
85.
86.
87.
88.
89.
90.
91.
92.
93.
94.
95.
97.
98.
99.
Index of industrial production (M).—Source 4 (2,5,77,25)
Employee hours in nonagricultural establishments (M).—Source 3 (2,75)
Value of goods output in 1982 dollars (Q).—Source 1 (2)
Gross national product in 1982 dollars (Q).—Source 1 (2,14)
Personal income less transfer payments in 1982 dollars (M).—Source 1 (2,77)
Personal income in 1982 dollars (M).—Source 1 (2)
Wages and salaries in 1982 dollars, mining, manufacturing, and construction (M).—
Sources 1 and 3 (2,14)
Manufacturing and trade sales in 1982 dollars (M).—Sources 1 and 3 (2,77)
Index of consumer sentiment (Q,M).—University of Michigan, Survey Research Center
(Used by permission. This series may not be reproduced without written permission from
the source.) (2)
Sales of retail stores in 1982 dollars (M).—Sources 1 and 2 (2,75)
Ratio, help-wanted advertising in newspapers to number of persons unemployed
(M).—Sources 1, 3, and The Conference Board (2)
New plant and equipment expenditures by business in current dollars (Q).—Source
2(3)
Change in index of labor cost per unit of output, manufacturing, smoothed (M).—
Sources 1 and 4 (3,72)
Index of unit labor cost, all persons, business sector (Q).—Source 3 (3)
Consumer installment credit outstanding (EOM).—Source 4 (4)
Manufacturers' machinery and equipment sales and business construction
expenditures (M).—Sources t and 2 (3,77)
Manufacturing and trade inventories in 1982 dollars (EOM).—Sources 1 and 2 (3)
Commercial and industrial loans outstanding in current dollars (M).—Sources 1, 4,
and The Federal Reserve Bank of New York (4)
Index of industrial production, durable manufactures (M).—Source 4 (2,14)
Index of industrial production, nondurable manufactures (M).—Source 4 (2,74)
Index of industrial production, consumer goods (M).—Source 4 (2,75)
Index of industrial production, business equipment (M).—Source 4 (3,77)
Ratio, manufacturing and trade inventories to sales in 1982 dollars (M).—Sources
1 and 2 (3,72)
Ratio, corporate domestic profits after tax with inventory valuation and capital
consumption adjustments to total corporate domestic income (Q).—Source 1 (3t 19)
Capacity utilization rate, manufacturing (M).—Source 4 (2,14)
Index of consumer expectations (Q,M).—University of Michigan, Survey Research
Center (Used by permission. This series may not be reproduced without written
permission from the source.) (2,10)
Change in money supply Ml (M).—Sources 1 and 4 (4,20)
Gross private nonresidential fixed investment in 1982 dollars (Q).—Source 4 (3,77)
Gross private nonresidential fixed investment in 1982 dollars, structures (Q).—
Source 1 (3,77)
Gross private nonresidential fixed investment in 1982 dollars, producers' durable
equipment (Q).—Source 1 (3,77)
Gross private residential fixed investment in 1982 dollars (Q).—Source 1 (3,18)
Ratio, civilian employment to population of working age (M).—Source 3 (2,73)
Average duration of unemployment in weeks (M).—Source 3 (2,72)
Change in manufacturers' unfilled orders in 1982 dollars, durable goods industries,
smoothed (M).—Sources 1, 2, and 3 (2,70)
Free reserves (M).—Sources I and 4 (4)
Member bank borrowings from the Federal Reserve (M).—Source 4 (4)
Ratio, consumer installment credit outstanding to personal income (M).—Sources 1
and 4(4,72)
Backlog of capital appropriations, 1,000 manufacturing corporations (EOQ).—The
Conference Board (2)
Index of producer prices for sensitive crude and intermediate materials (M).—
Sources 1 and 3 (3)
Change in sensitive materials prices, smoothed (M).—Sources 1, 3, and Commodity
Research Bureau, Inc. (3,70)
C-48
SURVEY OF CURRENT BUSINESS
100. New plant and equipment expenditures by business in 1982 dollars (Q).—Source 2
(3,77)
101. Commercial and industrial loans outstanding in 1982 dollars (M).—Sources 1, 3, 4,
and The Federal Reserve Bank of New York (4,12)
102. Change in money supply M2 (M).—Sources 1 and 4 (4,20)
105. Money supply Ml in 1982 dollars (M).—Sources 1, 3, and 4 (4)
106. Money supply M2 in 1982 dollars (M).—Sources 1, 3, and 4 (4,10)
107. Ratio, gross national product to money supply Ml (Q).—Sources 1 and 4 (4)
108. Ratio, personal income to money supply M2 (M).—Sources 1 and 4 (4)
109. Average prime rate charged by banks (M).—Source 4 (4,72)
110. Funds raised by private nonfinancial borrowers in credit markets (Q).—Source 4
(4,20)
HI. Change in business and consumer credit outstanding (M).—Sources 1, 4, Federal
Home Loan Bank Board, and The Federal Reserve Bank of New York (4)
112. Net change in business loans (M).—Sources 1, 4, and The Federal Reserve Bank of
New York (4,20)
113. Net change in consumer installment credit (M).—Sources 1 and 4 (4,20)
114. Discount rate on new issues of 91-day Treasury bills (M).—Source 4 (4,2/)
115. Yield on long-term Treasury bonds (M).—U.S. Department of the Treasury (4,2/)
116. Yield on new issues of high-grade corporate bonds (M).—Citibank and U.S.
Department of the Treasury (4,2/)
117. Yield on municipal bonds, 20-bond average (M).—The Bond Buyer (4)
118. Secondary market yields on FHA mortgages (M).—U.S. Department of Housing and
Urban Development, Federal Housing Administration (4)
119. Federal funds rate (M).—Source 4 (4,2/)
120. Change in Consumer Price Index for services, smoothed (M).—Sources 1 and 2
0,12)
122. Index of consumer confidence (M).—The Conference Board (2)
123. Index of consumer expectations (M).—The Conference Board (2,/J)
124. Capacity utilization rate, total industry (M).—Source 4 (2)
910. Composite index of 11 leading indicators (includes series 1, 5, 8, 19, 20, 29, 32, 83,
92, 99, 106) <M).—Source 1 (1,7,5)
920. Composite index of 4 coincident indicators (includes series 41,47,51, 57) (M).—Source
1 (Ut8)
930. Composite index of 7 lagging indicators (includes series 62, 77, 91.95,101, 109, 120)
(M).—Source 1 (1,7,5)
940. Ratio, coincident composite index (series 920) to lagging composite index (series 930)
(M).—Source 1 (1,7)
950. Diffusion index of 11 leading indicator components (M).—Source 1 (1,8)
951. Diffusion index of 4 coincident indicator components (M).—Source 1 (1,8)
952. Diffusion index of 7 lagging indicator components (M).—Source 1 (lt8)
963. Diffusion index of employees on private nonagricultural payrolls, 356 industries
(M).—Source 3 (2)
990. CIBCR long-leading composite index . (M).—Columbia University, Center for
International Business Cycle Research (4,2/)
991. CIBCR short-leading composite index (M).—Columbia University, Center for
International Business Cycle Research (4,2/)
2. Other Important Economic Measures
290.
292.
293.
295.
298.
Gross saving (Q).—Source 1 (4)
Personal saving (Q).—Source 1 (4)
Personal saving rate (Q).—Source 1 (4,22)
Business saving (Q).—Source 1 (4)
Government surplus or deficit (Q).—Source 1 (4,22)
310.
311.
320.
323.
Implicit price deflator for gross national product (Q).—Source 1 (4)
Fixed-weighted price index, gross domestic business product (Q).—Source 1 (4,22)
Consumer Price Index for all urban consumers, all items (M).—Source 3 (4,5,22,23)
Consumer Price Index for all urban consumers, all items less food and energy (M).—
Source 3 (4,22)
Producer Price Index, crude materials for further processing (M).—Source 3 (4,22)
Producer Price Index, intermediate materials, supplies, and components (M).—
Source 3 (4,22)
Producer Price Index, capital equipment (M).—Source 3 (4,22)
Producer Price Index, finished consumer goods (M).—Source 3 (4,22)
Producer Price Index, finished goods (M).—Source 3 (4,22)
Producer Price Index, finished goods less foods and energy (M).—Source 3 (4,22)
Index of average hourly compensation, all employees, nonfarm business sector (Q).—
Source 3 (5)
Index of real average hourly compensation, all employees, nonfarm business sector
(Q).—Source 3 (5)
Index of output per hour, all persons, nonfarm business sector (Q).—Source 3 (5)
Index of output per hour, all persons, business sector (Q).—Source 3 (5.22)
331.
332.
333.
334.
336.
337.
345.
346.
358.
370.
441.
442.
451.
452.
453.
Civilian
Civilian
Civilian
Civilian
Civilian
October 1991
labor force (M).—Source 3 (5)
employment (M).—Source 3 (5)
labor force participation rate, males 20 years and over (M).—Source 3 (5)
labor force participation rate, females 20 years and over (M).—Source 3 (5)
labor force participation rate, both sexes 16-19 years of age (M>—Source
3(5)
517. Defense Department gross obligations incurred (M).—U.S. Department of Defense,
Office of the Assistant Secretary of Defense (Comptroller), Directorate for Program and
Financial Control; seasonal adjustment by Bureau of Economic Analysis (5)
525. Defense Department prime contract awards for work performed in the United
States (M).—U.S. Department of Defense, Office of the Assistant Secretary of Defense
(Comptroller), Washington Headquarters Services, Directorate for Information Operations
and Reports; seasonal adjustment by Bureau of Economic Analysis (5)
543. Defense Department gross unpaid obligations outstanding (EOM).—U.S. Department
of Defense, Office of the Assistant Secretary of Defense (Comptroller), Directorate for
Program and Financial Control; seasonal adjustment by Bureau of Economic Analysis (5)
548. Manufacturers' new orders, defense products (M).—Source 2 (5)
557. Index of industrial production, defense and space equipment (M).—Source 4 (5)
564. Federal Government purchases of goods and services, national defense (Q).—Source
1 (5,22)
570. Employment, defense products industries (M).—Source 3; seasonal adjustment by
Bureau of Economic Analysis (5)
602. Exports, excluding military aid shipments (M).—Source 2 (5)
604. Exports of domestic agricultural products (M).—Source 2; seasonal adjustment by
Bureau of Economic Analysis (5)
606. Exports of nonelectrical machinery (M).—Source 2; seasonal adjustment by Bureau
of Economic Analysis (5)
612. General imports (M).—Source 2 (5)
614. Imports of petroleum and petroleum products (M).—Source 2; seasonal adjustment
by Bureau of Economic Analysis (5)
616. Imports of automobiles and parts (M).—Source 2; seasonal adjustment by Bureau of
Economic Analysis (5)
618. Merchandise exports, adjusted, excluding military (Q).—Source 1 (5,22)
620. Merchandise imports, adjusted, excluding military (Q).—Source 1 (5,22)
622. Balance on merchandise trade (Q).—Source 1 (5)
721. Organisation for Economic Co-operation and Development, European countries,
index of industrial production (M).—Organisation for Economic Co-operation and
Development (Paris) (5,23)
111. United Kingdom, index of industrial production (M).—Central Statistical Office
(London) (5,23)
723. Canada, index of industrial production (M).—Statistics Canada (Ottawa) (5,23)
725. Federal Republic of Germany, index of industrial production (M).—Statistisches
Bundesamt (Wiesbaden) (5,23)
726. France, index of industrial production (M).—Institut National de la Statistique et des
Etudes Economiques (Paris) (5,23)
727. Italy, index of industrial production (M).—Istituto Centrale di Statistica (Rome) (5,23)
728. Japan, index of industrial production (M).—Ministry of International Trade and
Industry (Tokyo) (5,23)
732. United Kingdom, consumer price index (M).—Department of Employment (London);
percent changes seasonally adjusted by Bureau of Economic Analysis (5,23)
733. Canada, consumer price index (M).—Statistics Canada (Ottawa); percent changes
seasonally adjusted by Bureau of Economic Analysis (5,23)
735. Federal Republic of Germany, consumer price index (M).—Statistisches Bundesamt
(Wiesbaden); percent changes seasonally adjusted by Bureau of Economic Analysis (5,23)
736. France, consumer price index (M).—Institut National de la Statistique et des Etudes
Economiques (Paris); percent changes seasonally adjusted by Bureau of Economic
Analysis (5,23)
737. Italy, consumer price index (M).—Istituto Centrale di Statistica (Rome); percent
changes seasonally adjusted by Bureau of Economic Analysis (5,23)
738. Japan, consumer price index (M).—Bureau of Statistics, Office of the Prime Minister
(Tokyo); percent changes seasonally adjusted by Bureau of Economic Analysis (5,23)
742. United Kingdom, index of stock prices (M).—Central Statistical Office (London) (5,24)
743. Canada, index of stock prices (M).—Toronto Stock Exchange (Toronto) (5,24)
745. Federal Republic of Germany, index of stock prices (M).—Statistisches Bundesamt
(Wiesbaden) (5,24)
746. France, index of stock prices (M).—Institut National de la Statistique et des Etudes
Economiques (Paris) (5,24)
747. Italy, index of stock prices (M).—Banca d'ltalia (Rome) (5,24)
748. Japan, index of stock prices (M).—Bank of Japan (Tokyo) (5,24)
750. Index of weighted-average exchange value of U.S. dollar against currencies of 10
industrial countries (M).—Source 4 (5,24)
752. United Kingdom, exchange rate per U.S. dollar (M).--Sources 1 and 4 (5,24)
753. Canada, exchange rate per U.S. dollar (M).—Source 4 (5,24)
755. Federal Republic of Germany, exchange rate per U.S. dollar (M).—Source 4 (5,24)
756. France, exchange rate per U.S. dollar (M).—Source 4 (5,24)
757. Italy, exchange rate per U.S. dollar (M).—Source 4 (5,24)
758. Japan, exchange rate per U.S. dollar (M).—Source 4 (5,24)
CURRENT BUSINESS STATISTICS
New features in this issue: The "Foreign Trade" section now includes the merchandise trade balance, exports and imports in constant 1987
dollars, and export and import price indexes.
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 orfromthe Commerce Department's Economic
Bulletin Board. Historical data, data sources, and methodological notes for each series are published in BUSINESS STATISTICS, 1961-88. For more
information, write to Business Statistics Branch, Current Business Analysis Division (BE-53), Bureau of Economic Analysis, U.S. Department of
Commerce, Washington, DC 20230.
NOTE.—This section of the SURVEY is prepared by the Business Statistics Branch.
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in BUSINESS STATISTICS,
Annual
1990
1989
Aug.
|
Sept
Jan.
|
Feb.
|
Mar.
|
Apr.
|
May
|
June
|
July
|
Aug.
|
Sept.
GENERAL BUSINESS INDICATORS
PERSONAL INCOME BY SOURCE 1
[Billions of dollars]
Seasonally adjusted, at annual rates
Total personal income ... .
„
4,384.3
4,645.5
4,675.0
4,697.8
4,695.9
4,7162
4,743.3
4,723.8
4,733.3
4,750.4
4,755.8
4,787.3
4,811.0
'4,802.6
4,823.8
4,846.7
2.5732
720.6
541.8
604.7
771.4
476.6
241.9
2,705.3
729.3
546.8
6372
830.8
508.0
258.1
2,728.3
734.4
551.4
639.6
843.3
511.0
260.0
2,7472
736.0
552.1
644.9
852.8
513.5
2612
2,731.6
730.4
5495
638.6
846.8
515.8
2622
2,731.6
721.0
541.1
G41.7
850.8
518.1
2632
2.753.6
726.5
547.8
645.3
861.3
520.5
2642
2,741.0
716.4
5402
639.7
857.9
2652
2,741.9
713.0
535.8
639.2
859.6
530.0
2662
2,745.6
709.4
534.0
640.3
863.5
532.4
2672
2,7502
710.7
536.8
639.7
866.6
5332
2682
2.772.6
7155
5412
644.7
877.0
535.0
2692
2,799.4
721.0
545.9
652.4
8895
5365
2702
'2,790.7
'721.9
'547.4
'646.0
'683.4
'539.4
2712
'2,803.6
'726.3
'551.5
'648.3
'889.7
'539.4
2722
2,815.7
725.2
550.4
652.1
8932
5402
273.2
48.6
330.7
49.9
352.6
42.9
356.6
38.5
357.0
39.1
357.1
54.5
357.6
52.9
357.5
39.6
353.8
47.2
356.3
58.7
357.4
53.5
360.9
542
365.8
47.7
3685
43.5
'371.1
'42.4
'374.7
43.7
379.7
1144
6432
6369
212^8
4,314.6
8.2
6.9
1238
680.4
6948
2262
4,574.3
9.1
1250
685.4
695.9
2282
10.8
1261
687.5
710.0
228.4
8.8
B.3
1272
6882
7212
2295
4,668.8
6.8
1272
685.7
741 6
2372
4,662.6
5.1
1276
681.8
7445
2372
4,664.4
5.5
1256
674.1
759.7
239.3
4,711.1
1257
672.5
7621
2411
4,741.3
'62
1263
'670.8
'764.3
241.4
'4,737.0
'72
4,669.9
5.0
1252
676.2
7545
237.8
4,680.4
5.6
4,635.3
1268
638.1
714 0
228.4
4,6402
4.9
125 3
678.6
750.1
2374
4,610.7
10.0
125 3
686.8
7012
229.5
4,637.8
1267
'669.4
'7700
'242 3
'4,759.4
95
1272
668.1
772.8
243 0
4,780.9
4,384.3
658.8
3,725.5
3 553 7
3,450.1
474.6
1,130.0
1,845.5
1022
1.4
4,645.5
699.4
3,946.1
3,765 0
3,657!3
4803
1,193.7
19833
1018
.9
4,675.0
708.6
3,966.4
3801 4
3,69£1
4755
1,208.1
2,0082
108.0
1.3
4,697.8
715.0
3,982.8
3,832.6
3.723.4
4882
12H.8
2020 5
't075
1.3
4,695.9
713.8
3,982.1
3829 5
3,'720.5
4746
12162
2029 8
108.0
1.0
4,7162
715.1
4,0011
3,835 0
3,725.6
468.7
1219.3
20376
'ioa!4
1.0
4,743.3
720.8
4,022.5
3 838.6
4622
1212.5
20539
109.0
1.0
4,723.8
714.9
4,0089
3,8177
3,707.8
440.3
1205.8
2061 7
'108.7
12
4,733.3
713.9
4,019.4
3349.6
3,739.9
453.5
1215.3
2,071 2
108.5
12
4,750.4
7145
4,035.5
3B903
3!780.7
472.2
1217.0
2091 5
108.5
12
4,755.8
715.6
4,040.3
3,872.0
3,762.6
450.0
1212.3
2100.4
108.3
1.1
4,787.3
716.4
4,070.8
3,9015
3,793.0
4435
1228.0
21161
107.9
1.1
4,811.0
717.7
4.093.3
3,920.0
3,811.6
4622
12245
2,124.5
107.4
1.1
'4302.6
'714.4
'4,088.2
'3537.7
'3,829.3
'4715
'1229.7
'2127.7
'107.0
'1.4
4,823.8
'716.0
'4,107.8
'39396
'3,831.5
'461.3
'12295
'2,140.7
'106.7
'1.4
4,846.7
719.6
4,127.1
3.972.E
3,8647
469-0
1,229.4
21663
106.4
1.4
Equals* personal saving
. .. ....
Personal saving as percentage of disposable personal income §
1718
4.6
1801
4.6
1650
42
1502
35
1525
3.9
1661
42
1839
45
191.3
45
1698
42
145.1
4.0
168.3
4.0
1689
42
173.3
4.0
'1506
'4.0
'1682
3.8
154.5
Disposable personal income in constant (1932) dollars
Personal consumption expenditures in constant (1982) dollars ...
Durable goods
_......._.
Nondurable goods ..............
Services
. ....
Implicit price deflator for personal consumption expenditures,
1982-100
2,869.0
2,656.8
428.0
919.9
T,309.0
2,8935
2,681.6
427.4
911.1
1,343.1
2,896.8
2,696.5
424.1
920.9
t,3515
2,886.6
2,698.8
434.0
911.6
1,3532
2,863.7
2,675.6
420.5
903.8
1,351.3
2,869.9
2,672.3
415.8
903.4
1,353.1
2,883.5
2,672.8
410.5
8965
1,365.8
2,857.8
2,643.1
391.6
890.6
1,360.8
2,858.9
2,660.1
4005
898.1
1,361.1
2,8692
2,688.0
416.3
902.5
1,369.3
2,8655
2,669.0
393.6
8972
1,3732
2,8765
2.680.6
397.1
907.1
1,376.4
2,390.9
2,691.9
4085
9022
1,381.3
'2.888.0
'2J05.1
'414.4
'911.0
'1,379.7
'2,8925
'2,698.0
'405.5
'908 3
'1,3842
2.897.0
2,7125
411.3
906.8
1,394.8
129.9
136.4
136.9
138.0
139.1
139.4
139.5
140.3
140.6
140.6
141.0
1415
141.6
141.6
'142.0
1425
108.1
1092
112.7
113.5
111.3
107.7
105.3
105.1
106.1
1042
104.4
104.7
1092
106.6
'110.4
'1112
103.1
1295
103.1
104.5
1012
105.0
120.7
104.9
106.1
103.4
102.3
109.6
103.9
104.9
102.5
1002
100.0
1052
106.1
104.1
98.5
97.9
105.8
106.4
105.2
'100.9
106.8
' 110.3
'109.6
'111.1
'98.1
'110.4
'107.
1052
'109.6
'1005
'110.
'111.
'109.
'114.
'99.8
'1052
"112.8
'111.3
'114.6
107.3
103.0
'108.
'108.1
'103
'110.
108.
'109.0
'110.6
'109.1
Wage and salary disbursements total
Commodity-producing industries total
Manufacturing ....
Distributive industries
Served industries ..
G o v t and govt. enterprises
Other labor income ....
527.0
Proprietors' income: $
Farm
Norifarm
.........
Rental income of persons with capital consumption
adjustment..
...........
. . .......
Dividends
Personal interest income
Transfer payments
Less 1 Personal contributions for social insurance .
Total nonfarm income
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 consumers to business
„.
...........
.........
-
1
—
Personal transfer payments to foreigners (net)
tim.7
INDUSTRIAL PRODUCTION 0
[1987*100]
Not seasonally adjusted:
Total index
By industry groups:
Mining
Utilities
Manufacturing
Durable .... Nondurable
100.5
107.0
108.9
110.9
106.4
102.6
108.0
109.9
111.6
107.8
101.6
108.9
114.0
114.4
113.6
103.1
1062
115.1
116.1
113.9
103.7
965
113.3
114.6
111.7
106.0
1012
108.5
109.8
106.9
104.7
116.6
104.4
105.6
102.8
.
108.1
1092
110.5
110.6
109.9
108.3
1072
106.6
105.7
105.0
1055
106.4
~—
108.6
109.1
106.7
110.1
1103
107.3
1109
111.9
107.8
111 4
1^6
108.7
111 0
112.3
108.6
1093
1102
106.5
1084
1092
105.7
1073
109.1
105.6
1065
108.3
104.7
1065
108.1
104.7
1065
108.7
105.5
1077
109.3
106.6
~
.
~
-
Seasonally adjusted:
Total index
„„
By market groups:
Products total
Consumer goods
„-
•«...
•
.......„„„.„„.„...
108
110.
'108.
108
'110.
'108.
See lookiotes at end ot tables.
S-l
SURVEY OF CURRENT BUSINESS
S-2
Annual
Unless otherwise stated in footnotes below, data through
1988 and methodological notes are as shown in BUSINESS
STATISTICS. 1K1-W
19S9
|
October 1991
1991
1990
1990
Aug.
Sept.
|
Oct. |
Nov.
[ Dec
Jan.
|
Feb.
Mar.
Apr.
|
May
|
June
July
Aug.
|
Sept.
GENERAL BUSINESS INDICATORS-Continued
INDUSTRIAL PRODUCTION Q-Continued
(1987.100J
Seasonally adjusted—Continued
By market groups—Continued
Final products—Continued
Consumer goods—Continued
107.9
1065
105.
108.8
106;
1022
972
109.3
107.
104.6
101.5
109.6
110>
111.8
113.0
109.3
1069
1071
107.5
106.8
994
915
84.2
104.1
96.0
867
74.6
103.4
97.6
903
79.6
1032
952
8&1
74.7
100.7
959
883
767
101.4
993
942
85.0
103.4
101 1
974
892
104.1
1042
'100.4
92.5
'107,3
'1061
M032
98.1
'108.3
r
1042
'99.0
90.2
'108.3
'1082
' 106.6
' 103.0
'109.4
106.4
1042
' 101.6
109.5
114,3
106.7
107.6
105.9
95.7
113.2
119.6
105.9
107.9
105.7
94.6
114.3
119.3
109.0
1082
105.3
95.3
115.1
121.9
108.0
109.1
106.7
942
115.9
123.4
108.8
108.5
107.8
91.7
113.5
122.8
106.4
108.4
107.5
92.1
113.5
122.7
106.6
107.8
106.3
90.6
114.7
122.1
106.5
107.3
105.9
90.8
114.8
121.0
105.2
107.1
105.4
90.4
1142
1222
105.5
1072
105.3
90.6
115.0
122.7
104.4
108.1
1062
92.0
113.9
121.8
109.0
109.0
'106.9
93.9
'114.3
'123.3
'110.0
'108.9
'106.8
'945
'114.8
'122.1
'109.4
'109.6
'1072
'95.4
'115.7
'123.5
'109.9
/-109.-4
'107.0
'95.8
'116.0
'124.7
"107.4
112.3
119.1
121.7
137.2
113.8
1231
1033
115.5
123.0
127.2
149.6
1152
130 (
96.7
1172
125.4
128.5
152.2
117.9
135'
101.5
117.8
126.4
129.5
153.6
117.4
140.5
11t!o
117.0
125.4
130.1
155.3
115.4
1375
1065
115.1
122.9
128.8
149.6
115.3
126 3
83'S
113.6
1212
127.5
148.9
112.3
123 4
75^3
113.6
121.6
130.1
155.0
111.5
124 0
79^8
112.9
120.6
131.6
157.3
109.1
120'
75^0
112.5
120.3
1312
155.1
109.5
1204
767
112.8
121.3
131.5
155.6
109.3
1241
844
1127
1217
131.8
155.6
109.3
1253
87.9
'112.8
'121.9
130.9
154.0
109.1
1280
9o!e
112.9
'122.6
'131.1
156.0
'109.4
'1312
96.6
'112.0
'121.8
'130.8
'154.1
'109.2
'1270
86.2
'112.4
'122.9
'131.2
'155.0
'109.1
'1334
'992
97.4
93.7
92.3
97.3
109.3
90.6
97.7
106.9
93.4
97.3
107.4
91.8
97.3
107.1
89.0
962
109.7
87.3
95.8
107.3
83.4
94.4
106.4
83.1
94.5
1082
77.3
93.9
107.7
79.3
92.5
105.1
83.1
91.5
101.3
86.6
91.0
103.0
90.8
'902
97.8
865
'89.9
86.7
'90.3
'692
'80.1
'91.1
106.8
106.1
107.3
107.7
1052
109.4
107.9
105.3
109.7
107.4
103.8
109.9
107.0
103.1
109.7
106.2
101.8
109.2
106.0
101.0
109.4
103.6
97.7
108.1
102.6
96.4
106.8
101.3
94.0
106.4
1012
94.9
105.6
1027
95.8
107.5
'104.0
97.4
'108.5
'104.0
'971
'108.8
'104.5
'97.7
'1092
'104.1
'98.2
'108.3
107.4
111.6
105.3
101.3
107.8
111.8
106.0
102.1
109.7
114.9
106.8
103.0
109.4
114.1
106.9
103.0
108.3
112.5
106.5
102.3
106.8
110.4
105.6
101.6
105.3
107.5
104.9
102.0
104.8
106.8
104.9
101.1
103.9
105.5
103.6
101.1
102.6
103.3
102.8
101.3
103.4
104.9
103.1
101.1
104.5
1062
103.7
102.4
105.4
106.7
104.9
'103.4
"106.9
108.1
'107.5
'104.1
'1070
'108.9
"106.8
' 103.6
'106.8
'109.3
'106.9
'102.3
100.5
141.4
1057
955
91.4
102.7
113.9
1025
152.8
1134
95^5
87.5
104.6
119.3
1024
155.7
1102
95.8
87.6
105.4
120.1
1039
163.6
1168
953
86.8
105.7
121.7
1026
1463
1147
1034
16Z0
1106
967
90.5
103.4
118.9
101.7
1411
1084
9^0
89.9
101.8
119.2
102.9
14&0
1128
972
89.0
106.4
112.0
101 5
147.6
1099
964
88.4
104.9
108.0
1009
1457
1059
963
68.7
106.3
107.0
1002
148.0
1034
96.0
87.6
107.5
1075
102.1
'1570
1102
96.9
87.6
110.1
'106.4
'102.7
"1545
118 0
'964
'88.3
'109.0
"107.8
'101 5
'1575
'1123
"953
87.9
108.8
'108.0
'1005
'158.0
'112.1
'94*.O
87.5
104.8
118.0
1033
1534
1129
97.3
89.0
106.5
113.5
„
107.0
108.1
103.0
108.0
110.8
97.7
111.4
113.6
103.3
110.3
112.9
100.9
1092
112.1
98.1
106.9
109.6
97.0
108.8
111.8
97.6
107.6
110.4
97.5
104.6
107.8
92.8
106.4
109.8
93.6
105.9
109.8
91.6
111.4
116.4
92.8
1115
'117.1
'90.7
'1105
'116.6
'89.7
'111.3
'117.1
'90.0
'108.5
'113.6
'89.5
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 suppl.es
Materials
Durable ...
Nondurable
Energy ....
By industry groups:
Mining
Metal mining
Coal
Oi! and gas extraction #
Crude oil
Natural gas
Stone and earth minerals
Utilities
„
Electric !
Gas
"'"_
Manufacturing
953
'108.0
„...
108.9
109.9
111.1
1112
110.7
108.9
107.5
107.0
106.1
1052
105.9
106.6
'1075
'108.3
'108.3
'108.8
Durable
>
Umber and products _
Furniture and fixtures
Clay, glass, and stone products
Primary meals ..
Iron and steel
Nonferrous ....
Fabricated metal products
Nonelectrical machnery
Electrical machinery
Transportation equipment
_
Motor vehicles and parts
_
Instruments
-
110.9
103.1
105.3
108.0
1092
109.3
109.0
107.2
121.8
109.5
1072
104.9
116.4
111.6
101.1
105.9
105.8
1082
109.7
106.1
105.8
126.5
111.4
105.5
96.8
116.9
113.5
100.5
106.7
106.6
114.6
118.3
109.4
107.9
128.8
112.5
107.9
101.0
117.5
113.8
100.3
106.9
104.5
111.6
113.9
108.4
106.8
128.5
112.5
111.1
107.5
118.4
112.5
982
104.4
104.4
108.6
110.3
1062
106.4
128.1
110.8
1092
103.8
118.1
109.9
95.5
102.3
103.8
109.1
112.6
104.1
104.3
126.3
110.4
100.1
85.8
118.1
107.5
93.5
102.0
100.7
1042
107.3
99.8
101.9
124.7
108.7
96.6
78.5
117.3
1072
942
99.0
99.7
99.0
100.6
101.7
125.5
107.6
97.6
83.0
119.0
106.1
91.5
94.9
98.9
99.5
98.0
101.6
99.1
124.5
108.2
95.5
79.4
119.3
105.0
912
95.4
94.4
947
92.0
98.4
97.8
123.1
108.6
95.0
79.8
118.4
106.0
9Z7
98.3
942
94.5
91.6
98.5
98.0
1235
109.7
972
862
118.6
106.7
92.5
98.5
95.1
96.9
94.0
101.0
99.1
123.6
110.6
982
89.8
118.2
'107.3
'96.7
'99.4
'95.0
'96.4
'92.9
'101.5
99.8
'123.4
111.5
997
925
117J
'108.1
'94.6
'100.5
'95.6
"1012
'99.5
'103.5
MOOS
'124.1
'111.0
"101.4
'967
'116.5
'108.0
'96.1
'100.8
'962
'102.5
'1002
'1057
'101.3
'124.0
'111.7
'985
'91.6
'117.0
'108.9
'96.5
'100.8
'96.8
'102.5
'100.6
'105.3
'101.8
'124.0
'1113
'102.2
'99.1
'117.9
Nondurable
_
.
Foods
Tobacco products
Textile mill products
Apparel products
Paper and products
Printing and publishing
Chemicals and products
Petroleum products
Rubber and piastre products
Leather and products
-
106.4
105.5
99.6
101.9
104.3
1032
108.5
108.5
106.1
108.9
103J
107.8
107.6
98.7
100.7
98.8
105.4
112.0
110.1
108.3
110.2
99.9
108.1
107.7
96.3
100.4
98.8
106.5
110.9
111.1
1102
11Z0
99.6
108.0
107.6
96.4
100.7
98.4
107.5
111.6
110.9
109.3
110.3
100.3
108.4
108.8
97.8
1012
972
106.8
112.9
110.7
108.6
110.6
95.3
1077
109.6
99.0
97.4
95.5
105.1
112.4
110.0
107.8
109.6
89.9
107.4
109.1
101.1
96.1
94.9
105.4
112.8
109.9
105.6
106.9
92.6
106.8
108.3
100.0
94.0
929
1042
112.1
110.1
104.7
108.8
89.6
106.0
107.6
100.1
94.3
93.1
1022
110.9
109.1
108.8
106.1
90.8
105.4
107.4
982
95.4
92.5
101.3
110.4
1082
108.5
104.4
91.5
105.9
107.6
97.6
93.2
101.3
1107
109.0
105.7
106.6
90.0
106.5
107.8
987
992
952
101.3
110.6
109.2
107.5
1092
895
'107.6
'108.6
'99.4
'101.7
962
105.3
'1112
"109.6
109.6
1105
90.9
'108.5
'108.4
'100.4
M04.3
"97.8
'108.1
'111.6
'110.8
108.3
"1112
92.3
'108.7
"109.1
'98.6
'104.3
'98.8
'106.6
'111.9
'1112
'108.1
'111.9
'90.0
'108.7
'108.6
'978
'104.4
'98.9
'1070
'111.7
'111.5
'1092
'1122
'89.9
565,322
554,011
573.259
549.639
556,219
485,259
491,129
532,805
531,115
551,778
551,353 '520,634
551,546
'554,180 '550,143
555,145
546,714
534,361
527,074
527,915
523,117
530.872
535,926
535,977 '541.023
540,928
247,916
125,783
122,133
251,953
127,692
124,261
245,827
122,693
123,134
236.575
118,578
117,997
234,548
117,648
116,900
233215
117,432
115.783
228,715
114,487
114228
234,886
119,721
115,165
238289
121,024
117265
239,118 '240.193
122,240 '122,994
116,878 '117,199
242,005
124,579 ,,„,„,„
117,426
972
972
BUSINESS SALES
[Millions of dollars; constant (1982) dollar series
in billions of dotetsj
Manufacturing and trade sales (unacj.), total
-..
6,310.071
6.515,005
'6,310,071
'6.515,005
1
2.840264
1.494,383
1,345.876
'2,917,465
1,504,650
1,412315
!""!.!"...!
'1,741,748
652,184
1.089.564
' 1.807,219
654,757
1.152,462
'150,984 '151,995
'53,859 '54,306
'97,125 '97,689
152.191
54,420
97.771
152,711
54,152
98,559
149.750
52,402
97,348
147.803
50.897
96,906
151.092
53,235
97,857
151,467
53,725
97,742
150,967
53,490
97,477
152,710
54,074
98,636
152,642 '153,195
54,212 '54,117
98,430 '99,078
152228 t
53,193 ................
99,035
„
'1,728,059
842.065
885,994
'1,790321
876J82
914,139
"151,694
'73,803
'77.891
150232
72,807
77,425
151 001
71,584
79,417
148176
69.739
78,437
148 036
71,045
76,991
144 723
69,094
75,629
143,608
69.022
74,586
142935
69280
73,655
145 019
68^945
76,074
144,927
68564
76,363
145217 '147635
69',347 '7O!618
75,870 '77,017
146 695
70,453
76242
492.2
232.0
125.9
134^3
4832
227.9
1258
12&6
482.5
228.9
1250
1286
474.3
222.9
124 7
126 6
464.6
216.1
1223
126.3
460.5
215.7
1204
124.3
462.4
215.3
123^1
12*0
4604
213.1
123 7
1237
468.7
219.3
1232
1262
472.6
2220
1242
126.5
Manufacturing and trade sates (seas, adj.}, total
Manufacturing, total
Durable goods industries
Nondurable goods induces
„
„
_„..
Retail trade, total
Durable goods stores
_
„
"""Z"Z
.„..
Nondurable goods stores .............
Merchant wholesalers total
Durable goods establishments
Nondurable goods establishments
«...
..............
Manufacturing and trade sales in constant (1982} dollars
(seas adj) total
Manufacturing
Retail trade
Merchant wholesalers
See tooinotw at end cf tables.
-
251,502
130,441
121,061
473.9
222.8
1241
1271
'4782
'223.7
"1247
'1293
476.4
224.5
"'
123.7
128.2 ::::::::::
SURVEY OF CURRENT BUSINESS
October 1991
Annual
Unless otherwise stated in footnotes below, data through
1988 and methodological notes are as shown in BUSINESS
STATISTICS, 1961-88
S-3
1990
1989
Aug.
1990
|
Sept.
Oct.
1991
|
Nov.
|
Dec
Jan.
|
Feb.
liar.
Apr.
|
May
|
June
Jury
Aug.
|
Sept
GENERAL BUSINESS INDICATORS-Continued
BUSINESS INVENTORIES
[Millions of dollars; constant (1982) dollar series in billions of
dollars]
Manufacturing and trade inventories, book value (non-UFO
basis), end of period, (unadjusted), total
„
798,787
815,348
816,675
823,540
843,061
847.768
815,348
824,829
827,742
820,398
820214
812,683
801.777 '802,438
800.913
Manufacturing and trade inventories, book value (non-UFO
basis), end of period, (seas, adj.), total
810.257
826,941
'822,683
827,145
830,414
832,464
826,941
831,445
828201
819,615
816.893
811,713
807,105 '806,802
806.177
383,825
253,261
130,564
388,811
252,836
135,975
387,986
254,721
133,265
390,992
255278
135,714
391,460
255,113
136,347
392,370
256,387
135,983
388,811
252,836
135,975
388,459
252256
136,203
385,982
250.405
135,577
385,145
249,546
135,599
381,877
246,964
134,913
379,968 '378,002
245.642 '244.467
134.326 '133,535
376.797 ..........
243,283
133,514
Retail trade, total
Durable goods stores »
Nondurable goods stores
238,159
120.663
117.496
242,563
120,629
121,934
242,056
122,314
119,742
243,217
123,559
119,658
244,901
124,048
120,853
244,550
122,947
121,603
242,563
120,629
121.934
388,381
252,170
136211
244,071
121217
122,854
241,179
119239
121,940
236,900
116,041
120,859
236,696
116,087
120,609
236204
115,490
120,714
235,098
114.305
120,793
235.994
114.754
121240
236.052
114,855
121.197
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
188,273
123,436
64,837
195.567
128.619
66,948
'192,641
' 127,262
'65,379
192.936
127,614
65,322
194,053
127,235
66.818
195.544
127,971
67,573
195,567
128,619
66,948
198.993
131.331
67.662
198,563
131,254
67.309
196,733
129,885
66,848
195.052
128.607
66.445
193,632
126.816
66.816
192.039 '192,806
125,707 '126,056
66,332 '66,750
193,328
126.631
66,697
699.2
3342
195.3
169.6
6982
334.3
195.0
168.9
697.8
332.8
195.7
169.3
6980
3326
195.1
170.3
692.7
3297
192.7
170.3
695.5
329.5
192.5
173.5
693.9
3303
189.7
173.3
6877
3294
1865
1713
687.2
329.6
186.8
170.8
683.6
3275
186.5
169.7
Manufacturing and trade, total
1.48
1.50
150
1.52
1.55
1.58
1.57
157
1.54
Manufacturing, total
Durable goods industries
Materials and supplies
Work in process ....
Finished goods
,
1.54
1.95
.54
.93
.48
1.58
2.03
.56
.97
.50
1.55
2.00
.55
.95
.49
1.60
2.09
1.00
.51
1.64
2.13
.60
1.00
.53
1.66
2.14
.61
1.01
53
1.67
2.15
.60
1.01
.53
1.69
2.19
.61
1.04
54
1.64
2.08
58
.99
52
1.10
.40
.19
.51
1.11
.40
.19
.52
M0
.40
.19
.51
1.10
.41
.19
51
1.15
.42
.19
.54
1.17
.43
.19
55
1.18
.43
.19
.55
1.19
.43
.19
56
1.18
.43
.19
55
'1.60
'227
123
'1.60
-228
122
1.61
228
124
1.60
Z27
123
1.62
2.30
125
1.65
2.38
1.27
1.60
2.24
125
156
2.16
124
'127
1.72
M
1.28
1.75
.84
129
178
.84
1.32
1.83
36
1.32
1.81
37
1.37
1.90
.89
1.38
1.90
50
1.38
„ „
».„.,..„
1.42
1.44
1.55
126
1.45
1.47
1.55
1.30
1.45
1.45
1.57
1.32
1.47
1.49
1.56
1.34
1.49
1.53
1.58
1.35
151
153
1.60
1.40
Manufacturing, total
Durable goods industries
Nondurable goods industries
-
Manufacturing and trade inventories in constant (1982)
dollars, end of period (seas adj) total
Manufacturing
Retail trade
Merchant wholesalers
6803
3262
18S2
168.3
'6807
'324 7
1867
'1692
151
1.50
1.49
1.49
1.60
2.04
57
.97
51
159
2.01
.55
.96
.49
1.57
1.99
.54
.95
.49
156
1.95
54
.93
.48
1.15
.42
.19
.54
1.15
.42
.19
54
'1.14
.42
.19
'53
1.14
.42
.19
53
157
Z17
124
155
2.14
122
154
2.11
123
1.54
112
122
155
2.16
122
J91
1.35
137
.87
1.34
1.85
37
1.32
131
37
'1.31
'1.79
37
132
130
37
150
154
1.54
1.40
1.49
155
151
1.39
1.47
1.50
1.52
1.35
1.45
1.48
150
1.34
1.44
1.46
1.50
1.32
1.42
1.45
150
1.30
1.43
1.44
151
1.32
tMM
679.6
3237
188.5
169.4 *""
'"
BUSINESS INVENTORY-SALES RATIOS
.
Nondurable goods industries
Materials and supplies
Work in process
Finished goods
„
..
Retail trade, total
Durable goods stores
Nondurable goods stores
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
.,
Manufacturing and trade in constant (1982) dollars total
Manufacturing
Retail trade
Merchant wholesalers ..."
„..„.....
,„„
,
!.
.58
137
„
,
M I J _ i4
..............
MANUFACTURERS' SHIPMENTS, INVENTORIES, AND
ORDERS t
[Millions of dollars}
2,840264
2.917,465
248,339
262,422
259,185
244210
234271
214255
231.617
238,810
235,069
240,483
254,733 '218,827
241,921
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
1.494,388
63,763
153,021
62,740
180.579
260,805
195,225
372,436
233,203
118,000
1,504.650
62,897
144,185
58,921
188.115
263,573
200,430
377,319
226,050
120,219
125,921
5,545
12.295
4,942
15,665
20,532
16,695
32.458
20,110
9,703
133.787
5.575
12,409
4,958
16.626
23,989
18,134
33,416
19,682
10,620
131,632
5,535
12,743
5213
16.578
21,991
17,151
34,345
22,197
10246
121,237
4,985
11,447
4,720
14.901
21,047
17,135
29,803
17212
10,305
119.684
4,197
10,578
4,198
14.304
23.834
16.925
28,476
11,784
10310
104,622
4,033
10.617
4,499
13.350
17,830
14.758
25.107
15.467
8.714
116,914
4,290
10.728
4299
14.819
20,308
16,459
29,488
17,002
9.462
122,049
4,402
10.650
4,110
15,443
23286
17,443
29230
15.952
10,182
120571
4,757
10,966
4,327
15.017
20,557
16.197
31,591
18.767
9.632
123,418
4,756
10,764
4,385
15.367
20.366
17,006
33,179
20,605
9,920
133,092 '107,332
'4,765
5.209
'9,836
10,949
4,463
'3,970
16.144 '13,541
24.383 '17,876
18,360 '15251
34,310 '25,671
19,809 '14,233
10.774
'9,067
122251
5,151
10339 . . . . . . . . . . . . . .
4,384 . . . . . .
15,411
19,134 . . . .
17,001
„,„.„
31.851
19285 „ „,_,
10.029
Nondurable goods Industries, total
Food and kindred products
Tobacco products
,
- Textile mill products .1
1,345,876
379,543
26,003
68,366
1,412,815
397,090
28.161
63,535
122.418
33,411
2,468
5.494
128,635
35229
2,744
5,603
127,553
34,679
2,393
5.510
122.973
33.511
3.179
5293
114.587
33.005
2.346
4,655
109,633
29,912
1,548
4267
114.703
32,651
1.826
4,831
116,761
33,904
2,944
5,189
114.498
32.152
1.817
5.026
117.065
33,700
2,906
5214
121.641 '111.495
34,635 '31,765
'1,792
3,130
5,938
'4,773
119,670
33,310
2.454 ,
5.892
128^87
275,187
146,310
94,357
128,761
285,612
179,357
91,657
10,982
24,493
16,683
7,867
11,041
25,487
18,752
8.051
10,904
24,260
19,604
8.335
10.473
23.929
18201
7215
10,093
23,031
16,080
6,684
10,030
23.701
14,935
6,953
10,334
24,205
13,261
7,482
10253
24200
12,838
7.497
9,921
24,971
13,509
7,799
9,85
24.560
14,352
7,807
251,502
247,916
251,953
245,827
236575
234,548
233215
228,715
234,886
238289
239.118 '240,19
242,005
130,441
5288
12,307
5036
15,879
22,042
16,791
35,512
22,280
10,038
125.783
5206
12,118
4953
15376
21.798
16,536
32.118
18.994
9,920
127,692
5,122
12.352
5108
15',B54
22,433
17,026
32,674
20,111
10206
122.693
4.983
11,754
4913
15.309
22235
16,869
29,439
16,889
10217
118.578
4.832
11,485
4,568
15,606
21,876
16,550
26,751
13.515
9.803
117,648
4,610
11,140
4623
14,848
21,006
16.599
28,106
16,070
9,845
117,432
4,544
10.620
4281
14,616
20.897
16.517
28.912
15,726
9,797
114,487
4,397
10,220
3900
14532
20.840
16525
27,314
14.910
9,488
119.721
4.556
10,625
4,135
14/711
20390
16,755
30,402
17,372
10,137
121,024
4,617
10,569
4220
14,715
20.735
17218
31,310
18.515
10.012
122240 '122.994
4,762
'5.006
10.418 '10,61
' 4 29
4212
15,003 'W.895
21.142 '20.51
17,082 '17,166
31.823 ' 3 2 5 9
'19,979
18.56
9,962
'9.933
124.579
4,86
10.742
4 41
15.41
20,522
17,073
33,322
20,07
10.34
121,061
33,437
2.591
5.245
10,884
24,724
16251
7,880
122,133
33258
2.440
5.123
10356
24,643
18,011
7,809
124261
33,680
2,532
5,166
10.768
24,816
19240
7,976
123,134
33.718
2,792
5,188
10.758
24.974
17,948
7,588
117,997
33.660
1344
4,995
10467
23.902
15,874
7,384
116500
32,111
2,465
4,889
10216
24,195
15,464
7,476
115,783
32.917
2,286
4.878
10218
23.816
14.099
7,395
114228
33,111
2,452
4,932
9994
22;885
13584
7.303
115,165
32,854
2,095
5,085
9.949
24.117
13.760
7,527
117265
33.31
2.56
5233
9952
2*54
14,33
7,482
116.878 '117,199
33265 '32.96
'2,55
256
5.43
'5.546
10284 ' 1 0 2 5
23.895 '24,06
'13,71
14.15
'7,92
7.62
117,42
33239
2543
5.588
1025
23,99
13.74a
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
_
oy inoustry group.
Durable goods industries, total #
Stone, clay, and glass products
Primary metals
Blast furnaces, steel milts
Fabricated metal products ..
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment ...
..
Motor vehicles and parts
Instruments and related products
Nondurable goods industries, total #
Food and kindred products .Tobacco products
Textile mill products
Paper and allied products ...
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
„
...
.,„„
,
„ „
„
..
,.
„
...„.„
„..„.
-
......
-
„.,„.
....
- ~ ..
-..
See footnotes at end of tables.
~
„.,.,
,.„
10.738
24,992
14,136
8.298
'9.964
'22,566
'13,672
'7559
mm
,.,^
10,404
,.,_,
24,000
14,38 ,.„„,
7,996
751
_
-
-
S-4
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data through
1988 and methodological notes are as shown in BUSINESS
STATISTICS, 1961-88
Annual
1989
October 1991
1991
1990
1990
Aug.
|
Sept.
|
Oct.
|
Nov.
|
Dec
Jan.
|
hb. [
liar. J ^ Aj
pr.
|
Uay
|
June
|
July
|
Aug. |
GENERAL BUSINESS INDICATORS-Continucd
MANUFACTURERS' SHIPUENTS, INVENTORIES, AND
ORDERS-Continued t
[Millions of dollars]
Shipments (seas. adj.J-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
„ rf
Nondefense
Defense
-.«..
...... .,
Inventories, end of year or month:
Book value (non-UFO basis), (unadjusted), total
Durable goods industries, total
Nondurable goods industries, total
'173.136
' 617,547
'458.113
' 113.294
'175,948
'974,969
'170,871
'670.558
'472.748
'103,865
'170,750
'983,829
14,114
57,544
40,690
9,963
14,367
85267
14,033
58,092
39.991
8,900
14.020
83,408
14.353
59,575
40.874
9.282
13.888
84,145
14,320
59,319
39,250
7.753
13,498
82,098
14,444
56,705
38510
6,426
13548
78570
14,039
55,652
38,105
7.090
12,941
78.608
13,930
£5,603
28,199
7,045
12.789
77547
13,910
55,191
36,730
6,686
12563
75.795
14,405
54,903
38.623
7.815
13,091
77575
14,376
56,728
39,163
8237
13297
78.647
14,639
56,143
39,416
8,145
13503
79.570
'15069
'55,635
'39.033
'8,781
'13.743
'80245
15.078
55,827
39.194
8.878
13.696
80,737
'76.973
'471.469
'364.922
'106,547
'77,561
'491,594
'384,663
' 106,931
6,429
41,610
32,478
9,132
6,449
41,091
32.416
8,675
6^15
41^39
32.632
8.907
6513
41,142
32,099
9.043
6,658
41523
32,722
8501
6583
39323
31,721
8202
6242
40,711
32213
8,438
6215
39371
31,405
8566
6.460
40,593
31.733
8560
6,445
40,543
32.131
8.412
6.383
41,398
32.848
8.550
"6,678
'39,978
'31,732
'8246
6,755
41,321
32223
9,098
377,201
248,011
129,190
382.135
247,615
134,520
389.637
255,977
133,660
388,993
253,780
135,213
391,165
254,748
136,417
391216
255.440
135.776
382,135
247.615
134520
387,733
251335
136,698
386.434
251,017
135,417
387,458
251.304
136.154
384,554
249,380
135,174
378,904 '378,863
245,429 '245,338
133,475 '133525
378,610
244.668
133.942
383,825
388,811
387,986
390,992
391,460
392,370
3885H
388,381
990570
&3.719
136551
^3,459
385382
385.145
381,877
379.968 '378.002
376,797
253,261
7,780
22,663
10,948
24,600
48,557
31,130
72,576
12.159
24,998
' 252,836
8.157
23,651
11,658
24,585
47.724
30,067
73,424
13,039
24,273
254.721
7,828
23.301
11,145
24.759
48,294
30,856
73,523
12,408
24,987
255,278
7,911
23,584
11.304
24,653
48.457
30,720
73,511
12,408
24,982
255,113
8,039
23,612
11.313
24,904
48,409
30.607
73,228
12,370
25.119
256,387
8.078
23544
11,388
24,863
48,499
30584
74^18
12,750
24526
252536
8.157
23.651
11,658
24585
47,724
30,067
73,424
13.039
24273
252,170
8223
23257
11,400
24519
47377
29347
73.486
13.085
23.975
352256
8243
23216
11568
54,717
43198
29,698
73551
13228
53.928
£50.405
8.138
249546
8.096
23.029
11216
23,992
48,014
29,714
72,985
12,867
23,743
246,964
8,016
22,645
11,023
23,649
47,764
29522
72,109
12,447
23567
245,642 '244,467
8,019
'7.968
22509 '22217
10.943 '10,851
23,433 '23,163
46.922 '46,985
29,333 '29.377
72,071 '71.612
12,479 '12,488
23,717 '23,638
243283
6,023
22.065
10.777
23,109
46,736
29,131
71217
12533
23.615
71.295
120,890
61.076
71,191
119,169
62,476
70,044
121,956
62.721
70.268
122.352
62,658
70,741
121,692
62.680
71,041
122.487
62559
71,191
119,169
62.476
71208
119,015
61347
70380
119,010
$2266
70.101
118.646
61,658
68,425
117,308
61231
67,387 '66,936
117,748 '117550
60,507 '60,181
66517
116.132
60534
130,564
26,880
5.094
8,999
12.962
31.098
10,688
11,430
135.975
27,784
5.375
8,846
13,362
32.366
13.175
11,995
133,265
27,696
5,438
9,021
13.192
31,253
11,736
11.363
135,714
28,055
5,396
9,096
13225
31.557
13,328
11,629
136,347
28,186
5,332
9,080
13.241
31.897
13.370
11.952
135.983
28,047
5225
8,933
13247
32.172
13504
11340
135375
27,784
5575
8546
13,362
32566
13,175
11395
1362H
28,091
5.642
8.892
13.547
32.651
12279
1£054
136203
58,137
5.720
8561
135.577
28221
5,662
8.699
13771
32505
11586
11.766
69274
118,041
62231
135,599
28,321
5.851
8,639
13,720
32.772
11,563
11,801
134,913
28,154
5,788
8.592
13576
32.666
11,759
11.652
134,326 ' 133535
28,169 '27,864
'5,987
5.803
8,546
'8561
13,332 '13247
32,417 '32228
11,774 '11.613
I I 5 3 7 '11.405
133.514
27,907
5,967
8,562
13,057
32.482
11,627
11.345
48.456
22,424
59,684
49,710
22,906
63,359
49,003
22.683
61,579
49,407
23.149
63,158
49.845
23,155
63.347
49381
22350
63,052
49.710
22306
63559
50,034
22,426
63.751
49,706
64,128
49.661
21.998
63318
49,523
22296
63.780
49,342
22224
63.347
'49,409
'22228
•'61.898
49211
22509
61394
28.080
51,075
87,474
6,373
23,508
128,055
26,567
54,407
87.135
6,698
23,957
131.364
27.618
53,288
87,044
6,552
23.721
129,379
27,592
54,640
87.498
6.513
24,005
130.432
27,158
54,772
87.421
6,526
24,107
131.188
26541
54573
87314
6,604
24,035
131513
26567
54,407
87.135
6,698
23.957
131,364
26280
54,616
87,645
6,660
23.865
131.625
26,180
54.589
87,612
6.677
23322
131.474
25,703
54,466
87.738
6,472
23>37
1305 08
25,444
54,796
87.832
6,454
23,341
129.945
25.406
54,693
87.319
6.316
23,054
128,491
25.390 '25244
54.578 '54.359
86.647 '86,572
'6209
6228
23.123 '23,063
127,715 '126,666
25263
54,490
86,480
6257
23,055
125371
13,548
124.243
84,141
40.102
12.901
121.951
83,334
38,617
13,371
124,218
83,486
40.732
13.362
124.322
63,885
40,437
13,254
123,975
83,770
40,205
13.158
124.938
84212
40.726
12301
121351
83534
38.617
12507
121556
84.132
37,724
12.758
121307
83308
37399
12225
121.727
84.146
37581
12,134
120,871
83,747
37,124
12,080 '11,923
119.975 '119,629
82,869 '82325
37,106 '36,704
11,878
118,767
82.811
35,956
New orders, net (unadj.), tota1..
Durable goods industries, total.
Nondurablee goods
• • total
-•
goods •industries,
'2,889,092
'1,543,806
'1,345,286
'2,923,715
'1,511.501
'1,412214
244,225
121,242
122,983
263,029
134,528
128,501
260,229
133,369
126.860
238277
115.896
122.381
237.406
123,043
114563
217.443
107.749
109,694
234,071
119.158
114313
12.442
121.538
83,985
37553
238,355
120.990
117,365
231,020
116.644
114576
237591
119.718
117573
246,990 '226,615
125,745 '114.829
121245 '111,786
240.722
120,635
120,087
New orders, net (seas, adj.), total
„„
By industry group:
Durable goods industries, total
Primary metals
„
Blast furnaces, steel mills
Nonferrous and other primary metals ....
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment..
Transportation equipment „
Aircraft, missiles, and parts
'2,889,092
'2.923,715
250,592
248,987
254.976
239237
238,196
234.462
233,132
226.431
231229
236,540
233,725 '248.090
243,333
'1,543.806
'149,818
'60,458
'77,325
'177,552
'262,898
'197.269
'421,986
'162.805
'1,511,501
'143,388
'58,201
'73,379
'187,049
'261,443
'201,261
'393,599
'145,798
129,020
12,219
5.160
5.890
15,577
21.065
17,233
35,222
10,356
126.893
11,993
4,857
6.186
16503
22,398
16,084
32,915
12,571
130575
12,653
5,223
6,448
15,156
21.904
17,363
36,784
14.556
116,193
11,190
4204
6.078
14579
21384
15350
26,903
9,085
120221
10.459
3,786
5326
15532
20.492
17.622
31,788
15.679
117,789
9506
3555
5215
15.196
21.785
16243
29537
11235
117547
9,776
3539
5^4
14278
19.899
18.067
29.758
12501
112.116
9,725
3.664
5274
14^28
19572
15.642
28.343
12.015
116,139
10,490
4279
5,429
14574
20243
17,330
27,453
8.677
118,434
10,377
4223
5,360
14.703
20.955
16311
28.781
7596
117,128 '130,827
10,782 '11,496
'5,088
4.476
'5,515
5,429
14,592 '14,875
20.137 '20,522
15,371 '17.523
29,814 '37582
9,890 '16595
125.709
11,432
5,039
5523
15,419
20276
16,094
34,540
11.835
Nondurable goods industries, total
Industries with unfilled orders $
Industries without unfilled orders 0 ...
'1,345,286
'342.006
'1,003.280
'1,412,214
'351,172
'1,061.042
121,572
30,176
91,396
122,094
29,507
92587
124,101
29.126
94.975
123,044
29,336
93,708
117375
28,609
89566
116,673
28522
88,351
115585
28.463
87.122
114.315
28.363
85352
115,090
27316
87,174
118,106
29,033
89,073
116,597 '117263
27.958 '28,808
88,639 '88.455
117,624
28,972
88,652
'173,304
'617.551
'506,138
'113,102
'174,531
'975,289
'171,099
'670,419
'495,458
'103,683
'170,287
'980,655
14,372
57,571
39.580
9.967
14,374
85,556
14.417
58,082
41,828
8,884
14.267
83,127
14,263
59564
46.170
9.251
13,813
83,624
14,707
59,310
38.327
7.692
13,140
80,380
14241
56,664
44.161
6575
13204
77.001
13.428
55,660
39349
7.121
12,830
77.745
13,668
55599
39282
7,049
12555
77.449
13,925
55209
36.967
6.660
12.644
74554
14.601
54538
35503
7.628
13.199
77,834
14,528
56,698
35251
8262
13,411
79,391
14.645
56249
35,301
6.103
13,633
78.452
'15,036
'55,692
'42265
'8,785
'14,325
'83243
15,302
55510
37,428
8328
13,693
81.771
'76,893
'526.797
'417,797
'109.000
'77,099
'501,797
'408,380
'93.417
6,405
40,106
31,607
8,499
6.563
42,164
34,419
7,745
6,388
44.738
37,223
7515
6.752
35928
30.834
5.044
6597
45.404
38560
6544
5332
41.640
33357
7583
6,092
41,678
33,756
7322
6.167
38.632
31.940
6.692
6580
36538
28,748
7.790
6567
37,569
28.038
9,531
6.367
37563
29.282
'6.756
'46,074
r
36,689
'9.385
6.922
41,715
30,845
10,870
Book value (non-UFO basis), (seasonally adjusted), total ..
By industry group:
Durable goods, industries, total #
Stone, clay, and glass products
Primary metals
...
Blast furnaces, steel milts
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 mil! 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
„
Capita! goods industries
!™"_—
Nondefense
,......„...
.........
Defense
„..!
_
See foofiwies at end oJ tables.
13$5
52.762
11571
11359
S569
232®
11,426
24272
47321
29,719
73,116
12319
23?40
49305
22,395
62,626
8281
Sept
SURVEY OF CURRENT BUSINESS
October 1991
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in BUSINESS STATISTICS,
1961-68
1989
|
S-5
1991
1990
Annual
1990
Au f l .
|
Sept. |
Nov.
0*.
Dec.
Jan.
|
Feb.
|
I*.
Mar.
Apr.
525210
504,516
20,694
522,318
500,816
21502
521,085
July
|
Aug. | s . p t
GENERAL BUSINESS INDICATORS-Continued
MANUFACTURERS' SHIPMENTS, INVENTORIES, AND
ORDERS-Continued f t
[Millions of dollars]
Nondurable goods industries with unfilled orders X
519.336
513,943 '521,840
523.168
19,821
6.979
10,068
492.976 '500.809
20,165 '21,070
7243
'8.035
10,156 '10225
501.939
21,760
8.659
10,262
27,382
55,351
50.071
278,159
243,014
27,370
55,571
49,764
275,630
239,781
26,959 '26,939
54,566 '54,577
48,053 '48,410
273,621 '278,811
238282 '243.995
26,947
54,331
47,431
280,029
244.421
20,482
20,407
21248
'21,031
21,229
7,729
1,304
232,182
1.853
12,385
123,871
7,925
1239
229.362
1.866
12,493
123,829
8,077
1209
225.450
1,891
12,606
124,574
'8,050
8,083
'1,371
1,315
221,335 '224,567
'1,852
1,849
12,737 '13,318
123,455 '126.456
8275
1,354
222,800
1,902
13,315
127,490
4,602
404,710
254,089
150,621
4,554
403.371
254,624
148,747
4,674
399.316
251,639
147,677
4,796
396,342
247,546
148,796
'4,858
4,780
392.507 '398.603
243,980 '248,937
148,527 '149,666
5.025
398,997
247559
151,438
54227
51,991
48,419
50,384
55.917
51,536
55,735
52,235
'56,618
'52.327
51,654
52.071
5,148
1,414
635
405
991
362
6,690
1,759
900
496
1,360
433
6.876
1,802
913
599
1,307
454
7,464
1,931
1,043
572
1,449
533
7.786
2,022
1,023
630
1,549
516
6,83:
1,734
918
510
1,320
468
7,627
1.923
1,052
595
1,422
507
4,676.5
5187
115.6
1,146.4
584.9
168.5
10.242.8
984.2
168.8
1,6672
2,150.8
2067
11,9972
5,189.9
396.3
4,179.1
416.8
2582
7,330
1,876
1.036
567
1.442
495
7,317:
919.9
163.0
643.3
2809
326J
5,069.1
759.6
746.0
795.8
675.3
288.6
12248.0
601.5
595.1
374.1
413.6
241.3
4,930.5
4342
170.4
286.5
335.0
107.8
4.734.1
1227.8
350.5
5252
259.5
359.6
654
525
704
556
361
275
663
661
681
679
694
706
685
'672
529
707
573
374
1,488
593
1,068
582
385
307
869
1,488
631
857
567
363
298
1,474
1,488
594
664
728
1,493
554
828
578
385
294
787
1,486
566
842
598
392
739
1,479
533
726
542
368
279
771
1,494
'585
'604
'565
'368
'304
'1,351
'1,439
789
716
1,084
284
799
716
1,089
306
800
716
1,108
279
813
697
1,122
310
798
691
1,116
278
794
697
1,108
272
783
697
1.086
273
527,260
507258
20,002
529,714
509.502
20.212
532,164
527,195
527,109
527,026
529259
508,443
20,816
524,742
511232
24,712
10,069
11,481
504.732
24,148
9,360
11,632
506,516
21,488
7,510
10,981
506,631
20,644
7,068
10,621
504,260
20,149
6,832
10,405
500,678
20.013
6,976
10,194
27,915
58,820
49,032
275,001
238,744
27,485
58,569
48,113
272,465
237,129
27219
55,998
49,496
281,108
245,407
20,932
20,842
27,761
57,964
48,829
279,233
242,391
20,593
27,423
56,966
50,379
280,079
243,762
21,131
28,613
59,349
48,695
270,891
234,746
21,092
506,375
23,122
8,578
11,416
27.411
57,185
49,185
277,502
241,418
20,820
20,395
8,110
1,353
216.955
2,001
12,881
130,160
8.493
1,344
218,792
1,985
13,128
129.880
8,403
1,333
224,088
1,955
13,052
129,359
8,790
1.324
223,166
1.894
12,694
127,640
8,586
1283
229,017
1,843
12,550
125,773
7,975
1291
230,861
1,875
12,439
124,910
7,714
1.287
231,945
1.879
12,304
124,810
5,238
239,093
159,994
5,352
400,160
241,096
159,064
5,225
403,359
245,687
157,672
5.464
398.145
244,472
153,673
5203
402,026
250,310
151,716
4,752
403,743
252,546
151,197
643,022
53,115
52,074
42,002
52,334
53.068
51,824
45,714
51,422
50,394
52.060
50.361
12,779
7,120
4,284
11.120
3.687
60,432
16,063
8,072
5,090
12,826
4,376
5,637
1,587
752
485
1,166
418
4,865
1,374
638
400
987
353
6,079
1,568
731
478
1,258
463
5,354
1,416
689
444
1,084
398
42,328.8
4,250.9
2,837.7
3,593.2
2721.6
1,1875
64.044.1
6,767.3
2,9055
6,829.7
7,716.0
2,414.8
75.0
5,973.9
751.7
155.3
375.8
224.5
207.3
4,0172
1,383.1
293.5
528.6
297.1
244.8
4,473.0
5422
354.8
6022
351.6
226.6
3.591.9
781.9
185.3
735.8
264.6
286.7
528.070
506.939
24,536
10,050
11,301
508,049
24.411
9,954
11,313
27,411
57.185
49,185
277.502
241,418
20,820
27,986
58,749
49,147
270,094
233,255
8,328
1,420
206.341
2.026
13,024
129,044
8,586
1,283
229,017
1,843
12,550
125,773
5.750
226.633
165,063
5.203
402.026
250,310
151,716
676,565
520,837
527,195
499,494
23,927
9,308
11.930
28,477
59,354
48,377
261,092
223,248
21,343
506,375
23,122
8,578
11,416
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
By market category:
Home goods arid 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
"Z.
Defense
521.164
499,350
21.81
524,072
504,131
19,941
526,870
506,113
20,757
525219
503,635
21.584
517,822
497,280
20^42
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
'522,363
'500.966
'21.397
520.937
500,772
20,165
525,574
525,826
504,376
21,450
529,141
524.072
504,131
19,941
Unfilled orders, end of period (unadjusted), total
Durable goods industries, total
Nondurable goods industries with unfilled orders t '.
514,575
493,469
21,106
20.967
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 tede". !.."!1Z"
".!
Failure annual rate, number per 10.000 concerns
65.0
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS t
[1910-14*100]
Prices received, all farm products
Crops #
«
Commercial vegetables
Cotton
Feed grains and hay .._
Food grains
Pfyit ^
hmt
Tobacco
»
-
t
«
,
hktt
„
„
w
„.„.,..„
ttmmmttt
Livestock and products #
Dairy products
Meat animals
Poultry and eggs
..............
-
Prices paid:
Production items
All commodities and services, interest, taxes, and wage rates
(parity index)
„
„
Parity ratio §
674
581
756
503
404
428
710
684
690
554
767
546
389
333
541
693
546
397
709
297
674
676
533
728
550
379
282
732
666
671
521
786
570
361
278
671
1,471
536
827
574
356
275
759
282
303
788
1,406
1,444
1,416
1,484
770
829
983
312
820
837
1.088
299
847
868
, 1,133
826
850
1,098
288
292
958
988
1220
1,265
55
54
54
54
52
52
51
122.6
129.0
129.9
131.1
1315
1322
1322
132.8
132.8
133.0
133.3
133.8
134.1
124.0
1307
131.6
1327
133.5
133.8
133.8
134.6
134.8
135.0
1352
135.6
136.0
121.6
123.7
122.4
128.2
130.3
128.8
128.6
131.3
129.6
130.1
132.6
130.8
1312
133.5
131.5
131.5
133.7
131.7
131.5
1337
131.8
132.1
134.3
132.4
1322
134.6
132.6
1322
134.8
132.7
132.6
134.9
133.0
133.1
135.4
133.3
133.3
1357
133.6
818
601
1,094
304
1,477
813
777
1,104
291
1,009
1289
555
358
291
1.349
1,484
676
607
652
564
370
331
1.438
1,535
1,060
'762
'752
M.015
289
286
746
771
979
283
134.3
134.6
1352
1362
136.6
1372
133.3
136.1
133.8
1337
1367
1342
134.5
137.4
134.8
780
722
1,004
1,012
1,000
1,295
1,305
1299
51
52
53
CONSUMER PRICES
{1982-84=100}
Not seasonally adjusted:
All items, wage earners and clerical workers (CPI-W)
All items, all urban consumers (CPMJ) ..Special group indexes:
All items less shelter
All items less food ...Z.
All items less medical care ..—...
See toottiotes at end of tables.
_
SURVEY OF CURRENT BUSINESS
S-6
Annual
Unless otherwise stated in footnotes below, data through 19-^
and methodological notes are as shown in BUSINESS S T A T I S T ^
1961-68
1990
IMS
October 1991
1991
1990
Aug.
|
Sept.
Oct.
| Nov.
Dec.
Feb.
Jan.
I
Mar. I Apr.
May
June
July
Sept.
| Aug.
COMMODITY PRICES-Continued
CONSUMER PRICES-Continued
[1982-64' 100, unless otherwise indicated}
Not seasonally adjusted-Continued
At! items (CPI-U)-Continued
Nondurabies
Nondurable less food
Durables
Commodities less food
.
Services „
Food #
Food at home
. ^
.
'
.....'
'
....
Shelter #
-4
Rent residential
Homeowners' cost, Dec. 1982*100
...
Fuel and othef utilities #
.'
Fuel oil and other household fuel commodities ....' .
Gas (piped) and electricity
/ ,v.
Household furnishings and operation
/ „.
Apparel and upkeep
Transportation
private
New cars
Used cars
!!
Public
Medical ca/e
.../
•",,'['.
„
!... - '
\ ...
Seasonally adjusted t
All items, percent change from previous month or year .... \ ,.
Commodities
*
Commodities less food
Food
Food at home
... *
1167
118J
111J
H2,!
112-0
131 9
122.8
126 0
119.9
1*3.4
117.4
139-2
122.8
12S3
119.9
112.9
117.2
140.9
124 6
1287
124.1
1128
119'8
141.4
126.1
1304
1265
1136
121.8
141.7
126.3
130'
126^6
1141
1251Z4-2
132.4
1323
132.9
132.7
1332
132.9
133 6
1334
1340
133^8
134.2
133.8
135.8
136.4
135.5
135.7
1358
136.0
123-0
132-5
132-8
137-3
tQ7,l
81,7
107-5
111-2
1285
140-0
138.4
144.6
111.6
99-3
109.3
113-3
1302
142.4
139.4
146.5
112.7
91.8
111.6
113.3
130.5
142.3
140.0
147.0
1140
104.4
112.4
113.8
130.6
142.4
140 5
147.2
1134
118.5
109.0
114.2
130.4
142.4
140.7
147.3
112.9
117.0
108.0
113.8
130.5
142.7
141.1
147.5
1127
114.1
108.6
113.7
131.8
144.0
1412
147.9
1148
1112
111.5
114.1
132.4
144.6
141.5
1482
1147
1057
111.5
115.6
132.6
145.2
142.0
148.4
1141
99.3
110.8
115.7
It 8-$
114.1
112-9
119-2
120,4
12$ 5
149-3
124-1
120.5
118-8
121-0
117.6
142-6
162.8
1222
120.6
119.0
119.5
118.3
141.9
165.0
126.8
123.0
121.4
119.0
118.3
1440
i65!e
128.4
125.8
124.2
120.5
118.1
146 6
1611
127.5
126.9
125.1
122.1
117.2
150 3
168.4
125.3
127.2
125.1
123.5
117.1
1544
1692
123.8
125.5
1232
124.6
116.1
155.4
171.0
126.2
123.7
1212
125.3
115.1
1562
172.5
128.8
122.3
119.9
125.4
114.4
1533
173.7
'40
'54
1232
1179
133.2
132.9
124.6
119.8
1336
133.3
.6
125.8
121.3
134.1
133.9
126*1
121 4
134.7
134.6
.3
1262
121.5
134.9
134.8
.4
126.3
121 3
1357
135.9
2
126.1
121.1
135.4
1352
-.1
125.6
120 2
135.7
135.5
126.0
130 0
125.7
114 5
121.4
142.3
i2i!s
142.0
126.0
1298
124.0
115.0
120.6
143.8
1257
129.3
1232
1155
120.3
144.6
125.7
1292
122.9
115.5
120.1
144.8
126.8
130 6
124.6
115.9
121.3
145.0
1267
130 4
123.9
116.0
120.9
145.8
1262
129 6
123.0
116.3
120.5
146.8
126.4
130.1
124.3
1159
121.1
147.3
127.1
131 0
125.9
115,9
122.1
147.9
1367
137.0
136.8
136.9
1372
137.4
136.5
136.0
136.0
134.9
136.0
134.9
132.5
145.2
142.5
148.8
1131
94.4
109.4
115.9
132.8
1452
142.8
1492
114.2
90.9
111.5
116.3
133.4
145.8
143.0
149.7
1158
89.3
114.4
115.9
1342
146.8
143.7
1502
116.4
87.8
115.4
116.3
134.5
147.3
143.7
1507
1162
87.8
114.7
1162
134.7
147.4
144.6
151.6
116.8
68.9
115.5
116.4
130.1
122.2
120.2
125.3
115.0
147.1
174.4
129.4
123.3
121.5
125.4
117.0
146 0
1752
125.9
1237
121.9
125.3
118.8
146.6
1762
1252 . 127.6
123.4
123.8
122.0
1217
124.4
124.9
120.4
120.0
146 7
147.6
178.9
177.5
131.3
123.8
122.1
124.1
119.8
146 6
179.7
2
126.0
120.3
136.7
136.8
.3
126.5
121.0
136.7
136.5
2
126.8
121.1
137.4
137.4
.2
126.6
121.3
136.6
135.8
2
126.8
121.8
136.2
135.0
.4
127.1
122.1
136.3
1352
126.4
1302
1219
1155
120.7
144.7
Apparel and upkeep
... •
124.8
125.5
125.1
125.3
125.7
126.9
128.9
127.4
1272
127.8
127.7
128.9
130.4
129.9
Transportation
Private
New cars
....-, „.
X "../
120.7
1192
120.9
123.4
122.0
121.1
125.8
124.3
121.2
1265
124.8
121.5
126.9
124.9
122.0
125.4
1232
123.6
124.0
121.6
124,2
122.8
120.6
124.8
122.4
120.7
1252
1232
121.6
125.3
123.5
121-8
125.6
123.5
121.8
125.6
124.0
122.3
125.8
124.3
122.7
1262
140.4
141.1
141.6
142.1
142.7
143.9
144.6
144.9
145.1
145.5
145.8
146.4
146.8
147.6
Services
PRODUCER PRICES $
[1982*100 unless otherwise indicated}
Not seasonally adjusted:
AH commodities ...........
,/ ,.
by staQe ot processing.
Crude materials tor further processing
Intermediate materials, supplies, and components
Finished goods #
,
Finished consumer goods
Capital equipment
oy ouraoiiiiy OT proouct.
Durable goods
........„.„,
Nondurable goods
Total manufactures
Durable manufactures...
Nondurable manufactures
Farm products, processed foods and feeds
Farm products
Foods and feeds, processed
Industrial commodities
..
112-2
116-3
116.5
118.4
120.8
120.1
118.7
119.0
1172
1162
116.0
116.5
116.3
116.0
1162
116.0
103-1
112-0
113-6
112.1
115-6
108.9
114.5
1192
118.2
122.9
110.2
114.4
119.3
118.3
123.1
115.3
116.3
120.4
119.8
122.9
124.8
117.9
122.3
121.9
124.5
116.7
117.9
122.9
122.6
124.7
110.5
1167
122.0
121.4
124.9
112.8
116.4
122.3
121.4
125.9
104.1
115.5
121.4
120.3
126.1
1012
1142
120.9
119.6
1262
100.8
113.9
121.1
119.8
1262
' 102.1
114.0
'121.8
120.6
' 126.5
99.5
114.3
121.9
120.8
126.4
99.4
114.0
121.6
120.3
126.5
992
114.3
121.7
120.5
126.5
98.0
114.5
121.3
120.1
126.1
119.0
107.1
114.3
119-3
110.2
121-2
1122
118.1
120.7
1152
121.6
112.3
118.3
120.9
115.4
121.7
115.2
119.7
121.1
117.8
122.5
118.8
121.3
121.9
120.1
122.3
117.8
121.4
121.9
120.3
1222
115.4
120.5
121.8
118.7
122.8
115.6
120.3
122.4
117.7
122.9
112.8
119.6
122.5
116.4
122.9
111.1
1187
122.6
114.8
122.9
111.0
1187
122.6
114.7
'122.8
'1117
118.8
'122.5
' 115.0
122.6
111.5
1187
122,5
114.9
122.6
111.1
118.5
122.5
114.3
122.6
111.4
1187
122.4
114.9
122.4
1112
118.6
122.3
114.8
115>
110.0
118.6
1122
121.9
119.1
111.4
123.0
117.9
109.2
122.4
117.9
109,5
122.2
117.3
108.5
121.7
116.8
1072
121.7
117.0
106.9
122.1
117.1
106.9
122.3
118.3
109.7
122.6
118.1
109.6
122.5
'118.3
'110.4
'122.3
117.7
108.9
122.1
116.3
1052
121.8
115.3
102.6
121.6
115.0
102.8
121.1
ma
. . . . . .
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
NonmetaHic mineral products ~
Pulp, paper, and allied products
Rubber and plastics products
Textile products and apparel
Transportation equipment #
Motor vehicles and equipment
Seasonally adjusted: t
Finished goods, percent change from previous month or y Vv
Bv staae of orocsssino'
Crude materials for further processing
, -.
Intermediate materials, supplies, and components
. Finished goods # .
Finished consumer goods..
Poods
„„
Finished goods, exc. foods
_ " *
Durable
Nondurable _
,
Capital equipment
111.6
115.8
115.9
118.4
121.4
120.7
119.0
119.3
117.2
1157
115.6
116.1
116.0
116.0
116.4
1162
123-0
72.9
116.9
135-3
126.7
117.4
124-1
112.6
137.0
112-6
112-3
117.7
115-2
123.6
82.2
119.1
141.7
129-7
120.7
123.0
114.7
141.3
113.6
114.9
121-5
1182
122.5
82.4
119.2
142.2
130.2
120.9
1242
114.7
141.1
113.2
115.1
121.1
117.2
124.5
91.3
119.3
141.4
129.3
1212
124.6
115.0
141.3
113.4
115.1
121.0
116.7
126.5
101.0
119.5
140.9
127.5
121.4
124.5
115.3
142.0
1142
115.1
124.0
121.6
1282
97.4
119.8
140.5
126.9
121.7
123.3
115.8
142.3
115.0
115.3
124.2
121.5
127.9
90.5
120.0
140.6
126.8
122.0
122.4
115.8
142.3
115.4
115.2
1242
121.5
128.3
90.1
120.6
1402
127.6
122.6
122.4
116.9
143.6
116.0
115.7
1252
121.9
128.1
83.0
120.9
140.0
127.2
122.9
121.9
117.2
143.8
116.0
115.8
1257
122.4
126.0
78.5
121.0
140.4
127.8
123.0
121.5
117.4
143.7
115.8
115.9
1257
1222
126.0
78.1
121.2
141.1
129.2
123.1
121.3
117.3
143.2
115.5
116.0
125.5
121.5
'125.3
r
80.2
M212
140.4
123.1
120.5
117.3
' 143.0
'1152
116.0
'125.6
'120.7
125.0
80.1
121.0
140.1
1362
123.0
119.6
117.3
142.6
115.1
116.0
125.4
120.6
124.6
80.1
120.9
138.0
137.0
123.1
119.5
1172
1422
115.0
116.3
125.5
120.4
124.6
81.4
1212
1382
133.1
122.9
119.6
117.0
142.4
114.9
116.5
125.7
1202
124.3
812
121.3
137.1
133.0
123.0
119.6
117.3
142.6
114.9
115.5
124.6
118.6
'4.9
••
->
••
• '• >
-
.
r
.
,
-
.,
••
M3i3
1.1
1.3
12
.4
.1
-.7
-2
.1
'.5
'-.4
-2
2
.1
1102
114.3
119.3
118.3
125.0
115.0
1207
111.1
123.4
115.6
116.1
120.8
1202
124 4
118.1
121.6
115.0
123.6
125.4
117.9
122.3
122.1
1251
120.6
121.2
118.6
124.1
117.6
118.1
122.8
122.6
1252
121.3
121.8
119.3
124.4
1112
1172
122.3
121.7
124.8
1202
122.3
117.6
124.8
1132
116.6
122.4
121.6
124.6
120.1
123.1
117.2
125.7
104.5
115.7
1215
120.5
1249
118.4
123.S
114.7
1255
101.0
114.5
1212
119.9
125.1
117.5
1242
113.4
126.2
100.6
•114.0
121.3
1202
1255
117.7
123.9
113.7
126.1
'100.7
113.9
'121.9
' 120.7
'1255
'118.5
'123.6
'114.9
' 126.5
99.0
114.0
121.4
120.0
125.0
117.7
123.3
113.9
126.6
99.2
113.7
121.1
119.6
124 0
117.6
123.3
1137
126.7
992
114.1
121.4
120.1
123.5
118.4
1237
114.8
126.8
98.3
1142
1215
120.1
1229
118.7
123.5
1152
127.0
.838
.760
.831
.754
.818
.749
.814
.748
.820
.747
.818
743
.824
742
.827
741
.826
.739
'.821
.737
.820
735
.622
.734
732
•
- . 4
PURCHASING POWER OF THE DOLLAR
As measured by:
Producer prices, 1982=$1.00
Consumer prices, 1982-84*f1.00
Seefootnote*at end of tables.
„
> ....
..
.860
,807
.839
.766
.822
.824
.729
SURVEY OF CURRENT BUSINESS
October 1991
Annual
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in BUSINESS STATISTICS,
1961-aa
1990
1989
S-7
1991
1990
Aug.
|
Sept.
Oct. |
Nov. |
Dec.
Jan.
|
Feb. |
Mar.
| Apr.
|
|
May
June
July
| Aug.
S.pt.
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE +
[Millions of dollars]
New construction (unadjusted), total
Private, total #
Residential
New housing units
443,722
446,434
43,218
40.704
40,080
37.061
32,006
27,732
27,105
29216
'32,467
'34,483
'36,043
'37,535
39.141
345.417
196,551
139202
337,777
182,856
127,987
31,634
17,602
12,009
30,014
16,363
11,329
29,428
15,894
10,885
27,401
14,509
10,041
24,127
12,034
8,300
21,108
10,465
7,336
20,394
9,625
6,643
22,044
10,991
7,527
'24,120
12,192
8,048
'25,162
13,608
8.894
' 26.144
'14,838
'9,739
'26.918
'15,611
'10,470
27,821
16,376
11,117
113,988
20,410
65,496
117,971
23,848
62,862
10,774
2,015
'6,050
10,448
2.031
• 10228
2.083
'5,113
9,603
1.930
4,991
9,060
1,989*
4,633
7,851
1,640
3,951
7,886
1.693
3.921
8,119
1,797
3,994
8.796
1,954
4.392
8,337
1.731
4239
8,055
1.833
4,029
'8.069
'1.744
'4,100
8,078
1,794
4,104
9,465
9,565
904
827
938
908
735
582
716
716
786
767
775
98,305
39,567
3,621
1,300
3.520
28,174
108,657
45,825
3,733
1,433
2,732
30,593
11,583
4,656
307
150
239
3,714
10,690
4,329
307
178
210
3,383
10,652
3,973
370
92
163
3,715
9,659
3,991
385
94
247
2,956
7,879
3,607
345
112
156
1,969
6,624
3,353
276
122
156
1.159
6,711
3,509
8,347
4,063
283
141
152
1,913
9,321
4,106
307
152
160
2,669
9,899
4,167
114
144
1,177
7,172
3,613
287
121
156
1,415
449.7
4372
434.6
431.4
421.3
406.5
410.1
401.9
'407.0
399.0
'3982
404.9
4062
336.9
180 6
1255
330.3
175.4
121.6
324.1
172.1
119.0
3172
168.0
115.1
311.3
165.0
113.0
303.9
161.8
107.9
300.5
1556
103.5
293.3
1524
100.8
'299.0
'1518
'100.6
291.0
'154.6
'1032
'290.9
'158.3
'1067
'293.3
'161.6
'1102
295.9
167.3
115.8
119.1
22.9
63.8
117.6
22.5
62.7
114.3
22.8
60.2
111.4
22.5
57.8
109.6
23.0
56.9
105.8
22.4
53.8
107.0
232
54.0
103.8
23.1
51.8
108.9
'24.3
'54.8
'99.0
20.7
'502
'94.3
'20.9
'47.6
'937
'21.0
'46.8
,
„,..
Nonresidents buildings, except farm and public utilities,
total #
. . . .
Industrial
Commercial
..
.
rUDHC UullDeS.
Telecommunications ...
Public, total #
Buildings (excl. military) #
,
Housing and redevelopment
Industrial
Military facilities
Highways and streets
' 5,881
282
296
181
155
2,918
758 ,
'10,617
'4,568
'294
118
147
'3,147
,„„.
„„....
11,319
4.822
283
128
152 ...............
3.616
[Billions of dollars]
New construction (seasonally adjusted at annual rates), total
Private, total #
New housing units
Nonresidential buildings, except farm and public utilities,
total #
Industrial +
+»*.**,»
*
*
Cotfimercisl
Public utilities:
Telecommunications
„.,...., „„,„„
,
Public, total #
Buildings {excl. military) #
mttm
..„,.„.
Housing and redevelopment
9.6
9.9
10.1
9.9
8.8
8.8
10.1
9.1
9.7
8.6
9.4
8.9
112.8
48.5
110.5
46.6
4.4
1.1
2.0
31.6
1142
48.6
4.6
1.1
3.0
34.3
110.0
46.9
4.1
1.3
1.9
33.2
102.6
45.9
3.3
1.5
1.9
25.6
109.6
482
3.4
1.4
1.7
30.7
108.6
48.4
3.4
1.5
19
30i0
'108.0
'49.6
3.4
1.7
1.8
28.6
108.0
48.9
'107.3
'46.8
3.6
1.8
2.9
30.3
106.8
47.2
3.7
^1
2.5
29.8
1.9
'292
1.9
'28.8
'111.6
'49.9
'35
1.4
M
'28.9
3.7
Industrial
Military facilities
Highways and streets
3.7
1.8
22
90.0 _
20.5
44.7
....
110.3
502
3.4 „,„
15
„
1.8
30.0
„
C O N S T R U C T I O N CONTRACTS
[Millions of dollars, unless otherwise
indicated}
Construction contracts {F.W. Dodge Division, McGraw-Hill):
Valuation total
Index (mo. data seas, adj.), 1982-100
Public ownership
,
Private ownership
By type of building:
Nonresidential
Residential
Non-building construction
,
Mew construction planning {Engineering News-Record) §
261163
M73
233 042
'157
22279
151
19248
'148
20066
154
17200
152
13405
136
14,034
'133
13,376
138
16276
"139
20929
'152
20,713
145
19552
"136
21283
145
21,558
71305
189,859
69.573
163,471
7243
15,036
5,783
13,465
6,309
13,758
5,000
12,200
4.326
9,079
5,116
8,918
4,925
8,450
5,803
10,473
6700
14229
6,665
14,047
6,728
12,824
6,881
14,402
7250
14,308
93 058
120J436
47,670
275,118
81 692
105^352
46,001
213.389
7976
9£33
7805
8,678
3,584
16,895
6100
7;008
4,091
13,169
5 393
5:308
2,704
15,344
5,923
5,091
3,021
14,365
5 091
Sii85
3100
8!i36
5747
6,785
3,744
10,619
7076
8,712
5,141
9,229
6,778
9,190
4,745
17,726
6412
8,909
4231
9,433
6,940
9.695
4,648
7,454
9.764
4,339
"!"!ZZI
19.935
7173
8.463
3612
18£01
(3)
1.376.1
1,003.3
VliffiJ
102"8
75.6
93.1
71.9
942
75.6
81.4
54.9
574
43.1
52^5
392
59.1
46.1
733
61.4
997 "
82.8
977
84.5
103.4
86.8
'103.5
'87.4
'952
'79.
"87.8
74.0
1.131
1,106
1,130
76<
971
992
781
907
742
977
801
983
83
'1,049
'879
1,033
751
847
648
'1.056
85£
1,026
839
1,034
835
1,055
989
925
916
668
854
645
802
611
876
695
892
689
913
742
966
76
999
78
15
17
4,670
150 .... „„
HOUSING STARTS AND PERMITS
[Thousands]
New housing units started:
Unadjusted:
Total (private and public)
Privately owned
One-family structures
"...
Seasonally adjusted at annual rates: 0
Total privately owned
One-family structures
.....„.„,
New private housing units authorized by building permits (17,000
permit-issuing places): t
Monthly data are seas. adj. at annual rates:
Total
One-family structures
....
Manufacturers' shipments of mobile homes:
Unadjusted
1 338
932
198.1
894.8
mm
1111
798
756
188.1
Seasonally adjusted at annual rates @
730
(
703
195
195
15
181
181
188
142
181
10;
167
11 7
168
10!
157
12.8
157
15?
175
16
17
110.9
111.6
110.8
1112
110.8
111.1
110.9
111.0
110.8
110.7
'110.7
110.9
'110.6
111.0
'110.6
111.0
'110.6
'111.0
'110.
'111.
,„„
109.9
111.8
110.8
403.I
444J
404.
445.7
869
1005
794
14
175
'88
868
'95
979
780
'76
17
17
C O N S T R U C T I O N C O S T INDEXES
Bureau of the Census, 1987=100:
Composite fixed-weighted price index *
Implicit price deflator'
„
Boeckh indexes, 1987*100:
„
107.4
108.3
110.1
110.8
1062
1072
106.3
108.7
110.6
109.7
3907
42&8
400.C
440!j
'111.
'111.5
'111.
'112.
111.
112.
_M
M
................
tt
Average, 20 cities:
Apartments, hotels, office buildings
:
.......
Commercial and factory buildings ....... ...„,
Residences
...... .. „
.„„„„„.
,„
mnm
109.7 „
111.7
110.7
111.7 ,„
112.
1105
111.5
112.3
110.7
„,„
1112
112.
112.
401
443!
403
U7,
„.„„
,.
Engineering News-Record, 1967-1 OP.
Building
Federal Highway Adm.-Highway construction, 1987*100.
Composite (avg. for year or qtr.) i t
See toonote* at end ol tables.
—
107.7
108.5
4O2.(
442^
404.'
444.'
1092
402.6
444.7
108.5
402.7
444.!
402.
444!
402.
444;
114.
404
448!
mi
408.
451,
413.:
455,
3
455.3
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in BUSINESS STATISTICS,
1961-68
Annual
1989
October 1991
1991
1990
Aug.
1990
|
Sept.
Oct.
|
Nov.
Dec.
Jan.
|
Feb.
|
Mar.
Apr.
|
May
June
July
Aug.
|
Sept.
CONSTRUCTION AND REAL ESTATE-Continued
REAL ESTATE 0
[Thousands of units]
Mortgage applications for new home construction:
FHA applications
Seasonally adjusted annual rates .
Requests tor VA appraisals
Seasonally adjusted annual rates
10.2
118
8.9
117.3
109.6
10.5
106
10.1
117
8.4
80
7.1
83
[Millions of dollar}
Home mortgages insured or guaranteed by:
Fed. Hous. Adm.: Face amount
Vet. Adm.: Face amount §
45,893.24
14.041.80
Federal Home Loan Banks, outstanding advances to member
institutions, end of period
..
51,863.74
15,787.10
4,764.17
1,572.64
4,319.28
1.180.04
4,476.07
1,612.16
4,224.89
1,206.52
3,636.16
4,459.53
1,501.67
3,651.85
1,259.86
3.630.56
1,183.14
3,765.79
1,210.77
3,723.18
1,173.79
4,070.27
939.10
4,444,38
1,311.15
4,828.99
1,589.33
117,096
121,988
117,887
116,514
116,675
117,096
112,647
111,513
107,004
102,827
98,744
94,740
91,525
90,142
152,384
14,217
11,766
12,291
10,224
10,526
8,216
8,113
11.137
M 3,640
14,253
13,322
12,743
3
1,387
12,049
785
1,163
1,189
10,541
558
938
8,758
527
880
8,651
675
7,038
480
682
6,984
419
934
9,728
475
'1,106
' 12.047
'467
"1.246
12,470
'536
1,206
11,511
1,285
10,964
494
141,794
New mortgage loans of SAlF-insured institutions,
'186,567
By purpose of loan:
Home construction ..
Home purchase
All other purposes ..
2
2
24,952
142.432
3
19,l83
2
16,202
127,297
3
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 dnnks, confectionery
Beer, wine, liquors
Houshold eqjipment, supplies, furnishings
Industrial materials
' Soaps, cleansers, etc
Smoking matena's
All other
•
»
Newspaper advertising expend.tures (Newspaper Advertising
Bureau Inc Y
Total
Classified
National
Retail
8,771
3 22$
1,114
4 431
32,368
11916
3948
16504
32.280
11 506
4122
16 652
7,923
2947
959
4 017
1,728059
842 065
885,994
1,790321
876182
914,139
158740
77529
81,211
145,254
71 411
73,843
162605
78 872
83.733
149 343
70 015
79,328
142295
67 374
74,921
140101
64 989
75,112
130923
62188
68,735
144,696
70164
74.532
147536
70939
76,597
151 460
71 311
80,149
142,711 '147,164
69 060 '70183
73,651 '76,981
149750
72 561
77,189
188586
121,484
67,102
195 861
126,560
69,301
188864
126,723
62,141
191489
127,597
63892
195482
127,298
68,184
196474
127,118
69,356
195861
126,560
69 301
200 792
130,628
70,164
200 356
131,344
69012
198017
130,016
68001
196 316
129,997
66,319
192 743
127,981
64 762
190525 '191,427
125.687 '127,149
64 838 '64,278
189,430
126,194
63,236
1 741 748 1 807219
153909 '154 643 '159875 /147 470
7,718
2 598
1,072
4 047
6,770
2293
982
3496
WHOLESALE TRADE t
[Millions of dollars]
Merchant wholesalers sales (unadj.), total
Durable goods establishments .
Nondurable goods establishments
Merchant wholesalers inventories, book value (non-L!FO basis),
end of period {unadj.), total
Durable goods establishments
..„
Nondurable goods establishments
RETAIL TRADE t
[Millions of dollars]
Estimated sales (unadj.) total
Durable goods stores #
Building materials, hardware, garden supply, and nobtle
home dealers ..
Automotive dealers
Furniture, home furnishings, and equipment
Nondurable goods stores
General merch. group stores »
Food stores
Gasoline service stations
Apparel and accessory stores
Eating and drinking places
Drug and proprietary stores
Liquor stores
- Estimated sales (seas, adj), total
Durable goods stores #
Bldg. materials, hardware, garden supply, and mobile
home dealers #
Building materials and supply stores
Hardware stores
Automotive dealers .
.......... ..... ....
Motor vehicle and miscellaneous auto dealers
Auto and home supply stores
Furniture, home furnishings, and equipment #
Furniture home furnishings stores
Household appliance, radio, and TV stores
See footnotes at end of fcttes.
.,
158243
146 335
151 469
156086
179653
130903
128589
149299
148510
159835
652.184
654,757
57,880
52.561
54,092
52,271
56,505
43,954
45,320
52.909
55,271
58.949
56,669
'57,277
'56,538
' 53,348
92,700
383,596
91,493
92,524
381,961
92,983
8,543
34,432
8,082
31,603
7,710
7,443
28,953
8,118
6,558
26,507
9,784
5,626
25.656
6,705
5,683
27,112
6,495
6,876
32,191
7,234
8,558
7,750
7,707
31.005
7,377
33,185
7,150
9.282
35,031
7,518
8,701
33,792
7,342
'8,787
'34,262
'7,562
'8,556
'33,012
'7,688
'8.06C
' 31,457
'7,273
1,089,564
204,387
345,069
117.791
91.426
173,894
62,495
20,033
1.152,462
211,933
362.410
131,725
94,731
182.044
68.557
20,813
100,363
17,702
31,622
12,112
8,542
16.654
5,770
1,620
93,774
15,970
30,010
11,781
7.599
15,176
5,454
1,666
97.377
17,027
29,970
12,562
7,728
15.289
5,841
1,694
103.815
21,783
30,472
12.271
8.807
14,722
5,943
1,785
123,148
32,454
32,809
11,709
12,696
15,075
7,500
2,501
86,949
12,335
29,451
10,667
5,641
13,927
5,771
1,629
83.269
12,965
27,452
9.484
5.784
13,809
5,686
1,537
96,390
16,778
31.276
10,241
7.890
15,560
6,298
1,716
93,239
16,370
29,552
10.382
7,533
15,506
6,049
1,642
100,886
18,091
32,652
11,219
8,004
16.596
6,296
1.790
97,240
16,983
31.650
11,090
7,503
16,801
5,989
1,772
'97,366 '103.337
'16,153 '18,569
'31,993 '32.476
'11,298 '11.635
8,932
'7,339
'16.797 '17.528
'6,263
'6,065
'1.884
1,949
'94.122
'16,422
'29,622
'11,065
'7,637
'15,793
'5,856
'150,984 '151,995
.„
152,191
152.711
149,750
147,803
151,092
151.467
150,967
152,710
'54,306
54 420
54,152
52402
50897
53235
53,725
53 490
54 074
"7743
5,569
'1,094
'7,639
5,460
' 1 115
7,549
5,403
1,111
7633
5,448
1.103
7,270
5,141
1,085
7645
5,419
1133
7,488
5.380
1110
7836
5,675
1 114
7814
5,666
1 120
'31 181
'28620
'2561
'31 704
'29168
'2,536
3t 858
29322
2536
31839
29 287
2552
7341
5,364
1081
30531
27981
2550
29186
26656
2530
30 758
28180
2578
31 149
28590
2559
30849
28180
2 669
'7,649
4 236
'2,727
'7,716
' 4 281
'2.753
7,686
4 247
2,748
7,537
4173
2,660
7.380
4 056
2,609
7,303
4 012
2,616
7,487
4105
2.690
7.536
4 071
2.740
7,590
4114
'53 859
2,752
152,642 '153,195 '152^28 ' 153296
;
54,240
'54117
'53,193
7762
5,752
1 089
'7882
'5,805
' 1 080
'7717
5,756
1087
'7,863
31 307
28 628
2679
31 562
28 885
2 677
'31 238
'28 593
'2645
'30503
'27943
2560
' 3 1 418
' 2 8 818
'2,600
7607
4 124
2,724
7,555
4 034
2,736
'7,680
'4121
'2.782
'7.603
4090
2.734
'7,672
54,212
SURVEY OF CURRENT BUSINESS
October 1991
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in BUSINESS STATISTICS,
1961-88
1989
|
S-9
1990
Annual
Aug.
1990
Sept.
|
Oct.
1991
|
Nov.
Dec.
Jan.
|
Feb.
Mar.
Apr.
|
May
|
June
July
|
Aug.
Stpt.
DOMESTIC TRADE-Continued
RETAIL TRADE J-Continued
[Millions of dollars—Continued]
All retail stores—Continued
Estimated sales (seas, adj.)—Continued
Nondurable goods stores ...
........
General march, 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
Uquor 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
r
97,125
'17,925
14,443
614
'97689
'17!68O
' 14.189
'612
97.771
17,589
14.160
606
98 559
17&7
14266
637
97,348
17,446
14,140
561
96,906
17,484
14.255
582
97,857
18,109
14,815
593
97,742
18,072
14.704
591
97,477
18,093
14,710
600
98.636
18.324
14,864
607
98,430
17,925
14,456
595
'99.078
'18,541
'15,044
600
'99.035
'18.443
'14,998
599
' 99,056
'18,536
'15,136
'30,343
'28,338
'11,277
'30,711
'28,698
'11,711
30.487
28,511
12,196
30,701
28,727
12,547
30.639
28,670
11,887
30,650
28,680
11,409
30,483
28,509
10,926
30,947
28,977
10,701
30,660
28,686
10.497
31.125
29.087
10,746
31251
29,116
10,663
'30.991
'28,934
'10,618
'30.779
'28.726
'10,854
'30,837
'28,785
'10,934
'8,024
'790
'2782
'1,540
'7,887
'795
'2715
'1,500
7,828
781
2697
1,488
7,799
776
2666
1,507
7,696
766
2599
1,499
7,475
749
2,470
1.430
8,002
782
2685
1J532
7,856
780
2698
1.466
8,103
794
2801
1,501
8,147
787
2.836
1,484
8.074
755
2 807
1,455
'8,188
'750
'2,828
'1,510
'8,184
763
2796
1,528
'8,150
'15,195
5,799
' 1,753
'15222
'5,858
1,759
15,168
5,942
1,765
15.240
5.961
1,773
15,166
5,869
1,785
15,304
5,925
1,826
15,710
6.154
1,845
15,513
15,615
6.243
1,783
15.791
6227
1,769
15,955
6245
1,760
'15,816
'6285
'1,794
'15.978
'15,904
'6,250
1,837
232,348 '232,148
115,004 '112,816
232,873
111217
'16,319
'56415
M6.562
16,161
54269
16,683
6254
'6288
1.849
233,000
121,245
237.352
121.195
238,174
117,887
243,058
119,194
256,414
124,645
260,078
126,967
237,352
121,195
236.304
120298
236.816
119,389
235,947
116,856
236.440
116,894
235,386
117,072
15,893
66 391
17.003
15.782
65 292
16J843
16,416
60347
17,157
16,276
60281
17,766
15,948
63 662
18,649
15.836
65 545
18,640
15.782
65292
16.843
15,893
64 692
16,597
16,241
63 807
16,386
16,831
60975
16,405
16.639
60163
16,874
16.848
60134
16795
Nondurable goods stores #
General merch group stores
Department stores excluding leased departments ...
Food stores
Apparel and accessory stores
111,755
40 091
31,248
23,397
17,667
116.157
40,348
3i!946
25,249
18.021
120.287
43547
33,989
23,950
21,151
123.864
45983
35;724
24222
21,263
131,769
50 359
39,507
25,068
22,364
133,111
51 004
40.431
25.559
22.084
116,157
40 348
31,946
25249
18.021
116,006
40 626
32.291
25,193
17,645
117,427
42030
33,194
24.757
18,771
119,091
43220
34,370
25,099
19,138
119.546
43580
34,839
24.980
19,304
118,314
42 593
34,017
25243
18,954
117,344 '119,332
42 069 '43 344
33,475 '34,466
25282 '24,950
18.706 '19280
121,656
44 322
35,292
24,755
20,128
Book value (non-UFO basis), (seas. adj.). total
Durable goods stores #
...
Bldg. materials, hardware, garden supply, and mobile
home dealers
Automotive dealers
Furniture, hgme fum., and equipment
-
238.159
120,663
242,563
120,629
'242,056
'122,314
243217
123,559
244,901
124,048
244,550
122,947
242,563
120,629
244,071
121217
241,179
119,239
236,900
116.041
236.696
116,087
236204
115,490
235.098 '235,994
114,305 '114,754
236,052
114,855
16,590
64,179
17,140
16,440
63,071
16,996
'16.548
'64,777
17,330
16,574
65,555
17,469
16,441
66,102
17,364
16,427
65,062
17291
16,440
63 071
16,996
16,401
63 580
17,005
16,241
61 942
16,893
16.199
59 357
16>23
16,014
58 921
17,166
16,107
58461
17,103
'16286
'57688
'17^022
16,324
57,925
16,835
Nondurable goods stores #
General merch. group stores
Department stores excluding leased departments ...
Food stores
Apparel and accessory stores
117,496
44,095
34226
23,198
19.436
121,934
44,357
34,990
25.008
19,847
'119,742
' 43.630
'34,332
'24,370
'20,163
119,658
43,624
34,186
24,397
19,891
120,853
44,032
34,595
24,373
20.057
121,603 121,934
44,357
44286
34,854 . 34,990
25,008
24,604
19.847
19.895
122,854
44,824
35,563
25,325
19,804
121,940
44,341
34,941
25.178
19.738
120,859
43,820
34,752
25273
19.569
120,609
43,684
34,700
25,246
19.558
120.714
43,905
34.925
25,336
19.380
120,793 '121.240
44171 '44.465
35,163 '35,569
25,334 '25,226
19,405 M9222
121,197
44 469
35,685
25,190
19.170
648,387
685,851
58,470
54,606
57,074
63,525
82.401
49228
47,817
57230
54,982
59,740
'57,115
56,728
61.063
77,143
7,940
81,101
8,597
6.715
789
6,315
714
6,562
767
7,152
10,544
702
5265
611
5213
582
6236
698
6,626
727
747
7244
795
'6.948
794
7.045
823
7,12
825
571244
187.508
192,960
190,359
50,066
44,384
37,521
604.750
194,464
20Z872
199,992
51,755
16,171
17,285
17,064
4.902
4,143
3.493
48291
14,555
16,608
16,407
4,288
3,828
3,293
50.512
15,572
16,893
16,680
4,290
3.901
3,539
56,373
20.087
17264
17,028
5,163
3,725
3,670
71,857
30,149
18,732
18.316
7,570
3.761
4.993
43,963
11,275
17,034
16,820
3,039
3,515
3,450
42,604
11,903
15,629
15,386
48,356
14.934
16.488
16264
4284
3,812
3,597
52.496
16,504
18,173
17.940
4.602
4.005
3,787
'50.167
'15,521
'17,458
'17240
3,418
3,457
50,994
15,399
17,846
17,570
4,616
3.933
3,864
'4,050
'3.639
49,683
14.688
17.718
17.494
4,149
4,028
3.686
53.942
17.050
18.126
17,903
5.202
4.162
3,834
'57.567
721
'13.987
'470
'16.599
' 4 524
'1,564
"999
'3,539
57,908
711
13.730
472
17.020
4454
1.576
953
3,595
58.046
711
13,715
466
16,934
4 411
1,555
926
3.683
58274
57,825
721
13.702
431
16,959
4 393
1346
905
3.615
57,630
720
13.872
451
17,093
4 361
1.538
896
3,531
58.497
741
14,454
465
16.945
4647
1.594
971
3,786
58,583
718
14,308
455
17,209
4 536
1,603
920
3.849
58.317
741
14,308
453
16,942
4 649
1,652
965
3.778
'58,895
740
14.412
455
17.184
4 717
V689
945
3.757
'58.573
'739
'14.033
'441
'17240
' 4 608
'1,649
'922
'3,806
59.455
753
14,633
447
17.168
4,725
• 1,645
946
3.872
59,377
754
14,556
446
17,165
4,656
1.59
96
3,90
Firms with 11 or more stores
Estimated sales (unadj.), total
•"*
Durable goods stores
Auto and home supply stores
Nondurable goods stoies # 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
.........
V/omen's clothing, specialty stores, and furriers
Shoe stores ..
Drug stores and proprietary stores
53297
45,964
41.947
,
718
13.823
472
17.045
4462
1,566
956
3,696
3217
16.709
58508
16,664
16,160
57390
17,039
'4287
..„.,
,.„
,.,„„
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
Resident Armed Forces Z."
Civilian noninstitutional population
Civilian labor force, total
Employed
Unemployed
Z.ZZZZZZZ.
188,081
125,557
1,688
189.686
126,424
1,637
189,901
127,652
1.640
190,002
126,380
1,601
190.095
126,590
1,570
190,312
126,436
1.615
190,483
126247
1,617
190.592
125200
1,615
190,717
125,672
1,602
190,703
125.903
1.460
190,836
126,183
1,456
190.980
126,315
1,458
191.173
128.559
1,505
191,443
128.931
1.604
191,589
127,713
1,616
191,746
127.029
1,624
„..
186.393
123,869
117,342
6,528
188.049
124,787
117.914
6.874
188,261
126.012
119,174
6.837
188.401
124,779
117,961
6,818
188.525
125,020
118299
6,722
188.697
124.821
117.611
7211
188,866
124,630
117287
7.343
188.977
123.585
114.990
8,595
189,115
124.070
115.151
8,919
189.243
124,443
115.639
8.804
189,380
124.727
116,678
8,049
189.522
124,857
116,624
8233
189.668
127,054
118280
8,774
189.839
127.327
118,751
8,576
189,973
126.097
117.859
8237
190,122
125.405
117.335
8.070
66.5
66.4
63.0
3,199
114.142
62.7
3,186
114.728
124.705
662
117,690
62.5
3,152
114,538
124,970
66.3
117883
62.6
3.194
114,689
124,875
66.2
117733
62.4
3,175
114,558
124.723
66.1
117,386
622
3,185
114201
125,174
66.3
117,574
62.3
3253
114,321
124,638
66.0
116.922
61.9
3,163
113,759
125,076
66.1
116,918
61.8
3.222
113,696
125.326
662
116,754
61.7
3,098
113,656
125,672
66.4
H7.398
62.0
3,156
114,243
125232
66.1
116,591
61.5
3272
113.319
125.629
662
116,884
61.6
3,308
113,576
125214
66.0
116,712
61.5
3239
113,474
124,904
65.7
116,416
61.3
3266
113,150
125,607
66.1
117,165
61.6
3.306
113,859
1,375
1304
7,015
1,568
7,087
1.605
7,142
1591
7.337
1.727
7.600
1,739
7,715
1,829
8.158
1,975
8,572
2,184
8274
2229
8,640
2,234
8,745
2,573
8,501
2,348
8,488
2.396
8.442
2,362
......
Seasonally adjusted: 0
Civilian labor force, total
Participation rate, percent t
Employed total
Employment-population ratio, percent t
Agriculture
Nonagriculture
Unemployed total
Long term, 15 weeks and over
See footnotes at end ol tables.
".
October 1991
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in BUSINESS STATISTICS,
1951-88
1989
1991
1990
Annual
1990
Sept.
Aug.
Oct.
Nov.
|
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
Sept.
Aug.
July
•
LABOR FORCE EMPLOYMENT, AND EARNINGS-Continued
LABOR FORCE-Continued
Seasonalfy adjusted 0—Continued
Civilian labor force-Continued
Unemployed—Continued
Rates (unemployed in each group as percent of
civilian labor force in the group):
All civilian workers
Men, 20 years and over
Women, 20 years and over
Both sexes 16*19 years
62
5.6
5.3
18.2
6.5
6.3
5.4
17.1
6.8
6.5
5.7
18.7
6.6
62
5.5
18.1
6.9
6.5
5.8
19.1
7.0
6.6
5.9
192
6.8
6.5
5.4
20.6
6.8
6.5
5.7
19.0
5.5
4.1
8.7
12.1
9.3
4.0
4.1
9.0
5.9
11.8
9.5
4.3
4.4
9.1
62
12.3
10.3
4.5
4.8
9.0
5.8
12.6
9.0
4.4
4.5
9.9
6.1
13.0
9.7
4.4
4.6
9.1
62
13.1
9.8
4.7
4,7
92
62
11.8
9.5
4.3
4.3
8.3
6.1
12.3
9.9
4.3
4.4
9.6
6.7
6.5
5.5
18.0
6.0
12.1
11.1
4.5
4.5
8.9
6.3
14.0
6.5
6.6
12.3
6.4
14.5
6.4
6.8
11.9
6.9
15.5
7.4
8.1
11.5
7.2
14.1
7.6
82
13.8
7.0
15.0
7.6
8.3
9.9
72
14.7
7.4
7.7
11.2
7.4
15.6
82
8.4
8.5
6.2
13.3
6.5
6.9
9.8
7.1
16.7
7.0
7.1
11.5
7.0
15.1
7.2
7.4
11.9
6.9
15.7
6.6
6.7
10.9
2.0
4.5
7.1
6.5
92
7.0
2.1
Z7
2.4
2.5
5.0
7.2
9.1
12.3
10.3
52
7.5
9.6
13.0
10.5
7.9
8.8
12.3
112
2.4
4.9
6.7
62
11.0
6.4
2.8
52
7.4
7.6
9.8
5.8
2.9
5.1
7.5
7.2
10.4
5.8
3.1
5.0
7.1
3.3
5.1
7.1
7.1
9.2
6.8
3.1
4.4
6.6
7.1
9.9
8.2
52
5.4
22
4.3
6.5
5.6
8.0
5.1
109,900
92,714
110,478
92.412
110,721
92,128
110,691
91,937
110.409
91,756
107,979
89,646
107,887
89204
108,147
89.373
108,590
89,825
109,304
90.493
109,971
91,649
72,538
24,958
711
5,136
110,160
91,839
72,726
24,937
713
5,111
110,113
91.765
72,742
24,842
711
5,088
109,982
91,638
72,665
24,705
710
5,022
109,761
91,406
72.599
24.481
712
4.962
109,621
91,268
72,519
24,375
715
4,911
109,418
91.053
72.382
24,181
713
4,797
109,160
90,771
72,239
24,039
715
4,792
108.902
90,495
72,052
23,877
714
4,720
108.736
90,312
71,916
23,794
710
4,688
108,887
90.447
72,021
23,847
706
4,715
19,442
11,420
758
526
570
773
1,450
2.130
1,747
2,054
1,028
383
19.111
11,115
741
510
557
756
1,423
2.095
1,673
1,980
1,004
377
19,113
11,111
740
511
555
757
1,430
2,091
1.665
1,987
999
19.043
11,049
733
18,973
11,000
730
505
549
753
1,415
2,074
1,647
1,957
995
375
18.807
10,867
719
18,749
10,828
714
18,532
10,652
696
496
543
747
1,402
2,063
1,636
1,897
991
373
493
539
742
1,395
2,054
1,628
1,902
989
372
18,671
10,770
706
490
532
740
1,389
2,048
1,621
1,888
985
371
527
726
1,365
2,036
1,611
1,859
982
368
18.443
10,584
692
.479
520
724
1,356
2,024
1,599
1,846
978
366
18,396
10,560
692
481
521
723
1,353
2,007
1,597
1,846
976
364
8,022
1,651
8,002
1,668
50
690
1,039
701
1.577
1,094
158
894
131
7,994
1,670
49
721
1,079
697
1,562
1,076
156
891
138
7.995
1,668
49
691
1,043
699
1,574
1.093
158
889
132
1,039
700
1,575
1,096
158
692
130
7,973
1,672
49
678
1.032
699
1,573
1,095
158
889
128
7,940
1,669
49
677
1,023
697
1,568
1,095
159
877
126
7.921
1,672
49
671
1,017
695
1.565
1.095
159
873
125
7,901
1,673
49
667
1,012
696
1,560
1,094
158
668
124
7,880
1,679
49
661
1,010
694
1,553
1,093
158
661
122
7,859
1,679
48
660
1,009
693
1,548
1,091
158
852
121
7,836
1,673
48
660
1.005
691
1,542
1,089
159
849
120
83,007
5,644
6,221
19.549
6,695
27,120
17,779
2,988
4,182
10,609
85,014
5.826
6.205
19.683
6,739
28240
18,322
3.085
4,303
10,934
85,223
5,839
6211
19,714
6,750
28,388
18,321
3,038
4,318
10,965
85271
5.854
6204
19,698
6,750
28,437
18,328
2,994
4,328
11,006
85277
5.855
6,190
19,663
6,746
28,479
18,344
2,980
4,339
11,025
85.280
5,852
6,180
19,628
6,740
28,525
18.355
2.964
4.345
11,046
85246
5,867
6,166
19,579
6,733
28,548
18,353
2548
4,347
11,058
85237
5,866
6,138
19,542
6,736
28,590
1B.365
2,952
4,352
11,061
85,121
5,834
6,119
19.464
6,732
28,583
18,389
2,951
4,354
11.084
85,025
5.824
6.105
19,378
6,735
28,576
18,407
2.951
4,359
11,097
84,942
5,814
6,086
19,324
6.718
28.576
18.424
2.953
4,352
11,119
85.040
5,819
6,085
19,339
6,712
28,645
18,440
2,952
4,348
11,140
85,093
5,809
6.0G8
19,345
6,703
28,712
18,456
2,971
4,359
11,126
'85,061
'5,809
'6,064
'19,347
'6,688
'28,733
'18,420
2,963
'4,338
'11,119
'85,116
'5,818
'6,049
'19,343
'6,685
'28,812
'18,409
'2,973
'4.332
'11,104
'85,177
'5,819
'6.047
'19.357
'6,684
'28,888
'18.382
'2.981
'4,326
'11,075
Production or nonsupervisory workers on pnvate nonfarm
payrolls, not seas, adjusted
Manufacturing, not seas adjusted
73,400
13,269
74,254
12,974
75237
13,069
74,944
13,071
74,709
12,984
74,526
12,788
74,340
12,694
72,309
12,485
71,903
12,362
72,079
12,319
72.530
12,327
73,188
12,389
73,941
12,491
'73,811
'12,384
'74,035
'12,571
'73,835
'12,605
Production or nonsupervisory workers on pnvate nonfarm
payrolls
Goods-producing
Mining
«
—
*.
Construction
„
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, day, 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
73,400
17,811
494
4,048
13269
7,614
628
419
445
590
1,074
1285
1,104
1279
511
279
74254
17,471
510
3,987
12,974
7,371
610
403
433
574
1,048
1259
1.055
1218
498
274
74,407
17,453
510
3,962
12,981
7,375
608
403
430
575
1,053
1257
1.052
1,230
494
273
74,348
17,368
511
3,937
12,920
7,322
604
401
74,209
17252
512
3,876
12,864
7,287
600
397
426
571
1,041
1244
1,038
1211
488
73.984
17,048
512
3.821
12,715
7,172
590
389
421
566
1,030
1235
1,028
1.158
486
269
73,841
16,958
513
3,773
12,672
7.148
585
386
419
562
1,024
1,228
1,022
1,168
486
73,666
16,787
511
3,672
12,604
7,098
578
384
411
559
1,018
1223
1,014
1,158
486
267
73,172
16,534
511
3,599
12,424
6,956
564
375
400
546
990
1,209
1,000
1,125
485
262
72,983
16,477
509
3,565
12.403
6,948
566
377
401
544
989
1,198
1,001
1,130
481
261
73,121
16,530
503
3,598
12,429
6,964
570
378
400
544
990
1,191
1,005
1.148
478
260
73,147
16,507
500
3,597
12,410
6.943
570
379
400
541
992
1,183
1,004
1,139
475
268
73,378
16,658
512
3,658
12,488
7,000
569
377
406
548
994
1215
1,007
1,135
484
265
'73,196
'16.535
499
'3,588
'12,448
'6,971
573
'375
'40
544
'995
1,177
1,005
'1,163
474
264
'73,225
'16553
'491
'3,583
'12,479
'6,982
'573
'378
'404
'546
'995
'1,178
'1,003
'1,170
'472
'263
'73254
'16,515
'484
'3,577
'12,454
'6,964
'572
'379
'403
'544
'998
'1,176
'999
'1,161
'469
'263
5.5
5.3
4.5
4.7
15.0
4.9
4.8
15.5
5.6
5.0
4.9
16.6
5.7
5.1
4.9
15.7
5.7
52
4.9
162
5.9
5.4
5.1
16.4
6.1
5.6
5.3
16.6
4.5
11.4
8.0
3.0
3.7
8.1
4.7
11.3
8.0
3.4
3.8
8.2
4.8
11.7
7.9
3.5
3.9
8.4
4.8
11.9
4.9
11.7
82
25
3.9
8.5
5.0
122
8.6
3.7
4.1
8.7
5.3
122
9.3
5.3
10.0
5.1
4.8
9.6
5.7
11.1
5.8
5.8
9.7
5.7
11.2
5.8
5.9
9.5
5.8
12.0
5.8
6.0
9.3
5.9
13.0
5.8
5.9
2.0
3.9
6.5
5.2
8.0
6.4
2.1
4.2
6.6
5.8
8.6
6.2
2.6
4.4
6.4
2.5
4.5
6.9
5.3
7.4
5.3
5.8
7.3
Employees on nonfarm payrolls by industry:
Total, not adjusted for seas, variation
Private sector (exd. government)
.,
108,329
90,550
109,971
91,649
Seasonally adjusted:
Total employees, nonfarm payrolls
Private sector (exd government)
Nonmanufactunrtg inoustries .
Goods-producing
Mining ...
Construction
108,329
90,550
71,108
25,322
693
5.187
...
Black .!"Z"!I""ZZ"ZZ"Z!!!Z""1I™""~"
Hispanic origin
Married men, spouse present
....
Married women, spouse present
Women who maintain families
Industry of 'ast job:
Private nonagriculturai wage and salary workers
Manufacturing
Durable goods
Agricultural^wage and saiary 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
......
...
....
8.5
3.5
3.9
8.7
3.8
122
72
9.9
5.4
52
7.6
7.1
8.7
6.8
EMPLOYMENT §
[Thousands]
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 equ'pment
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
Rnance, insurance and real estate
Services
Government
Federal
State
Local
Set footnotes at end of tatfes.
50
376
508
552
754
1,421
2,079
1,657
1,971
998
376
685
429
572
1,046
1246
1,043
1217
491
273
271
482
109,836 '108,607 '108,655 '109,317
91,294 '91,145 '91,389 '91.194
108,885 '108,859 '108,936 '108,960
90,429 '90,439 '90.527 '90,578
72,051 '72.037 '72.091 '72,164
23,792 '23,798 '23.820 '23,783
'684
'693
'701
704
'4,685
'4,691
'4,695
4,710
18,378 '18,402 '18,436 '18,414
18,426
10,534 '10.546 '10,552 '10,537
10,575
'696
'699
'699
696
697
'481
'481
478
483
483
'523
'523
520
518
519
'721
'723
721
718
721
'1,360
'1,362
1,354
1,359
1,358
'1,981
'1,979
'1.984
1,990
2,003
'1,581
1,586
'1.589
1,594
1,599
'1,862
'1,868
'1,661
1,845
1,863
'967
'966
'968
969
973
'365
365
'367
363
363
'7,884
'7,877
7,844
'7,856
7,851
'1,676
1,681
'1,660
1,677
1,677
'48
49
48
48
50
'671
'671
'671
665
665
'1,031
M.031
1,017
'1,032
1,013
'693
'692
'689
687
690
'1,530
1.532
1,532
1,540 .
1.531
'1.089
1,088
1,084
1,086
1,086
'159
'159
'159
159
159
'861
'860
'857
854
854
'119
'120
123
120
119
260
SURVEY OF CURRENT BUSINESS
October 1991
1989
1361-88
S-ll
1991
1990
Annual
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in BUSINESS STATISTICS,
Sept.
Aug.
1990
{
Oct.
|
Nov.
|
Jan.
Dec.
Uar.
Feb.
"" I Ju m
Apr.
|
|s*.
Aug.
July
LABOR FORCE, EMPLOYMENT, AND EARNINGS-Continued
EMPLOYMENT J-Continued
[Thoussnds}
Seasonally adjusted-Continued
Production or nonsupervisory workers—Continued
'5.497
'1215
56,591
4,834
4,878
17,083
4,854
24,942
517
841
583
103
656
97
56.640
4.825
4.864
17.081
4,851
25,019
'56,661
4,834
4,861
'17,078
'4,837
'25,051
'56,672
'4,836
'4,842
'17,063
'41822
'25,109
34.0
34.0
44.3
37.8
342
34.3
44.9
382
34.7
34.6
45.0
38.7
345
34.1
'43.9
38.6
34.7
34.4
'44.6
'385
"34.6
"34.5
'44.2
'39.1
40.1
40.3
40.1
402
40.9
40.6
3.7
40.9
'41.0
3.3
40.3
40.4
3.4
40.4
40.7
3.3
3.7
3.8
'41.3
'4Q.9
"3.7
40.7
40.6
40.7
33
392
40.8
3.3
39.7
38.9
415
41.6
40.8
412
40.6
41.2
40.8
39.3
41.3
3.7
40.6
39.3
42.0
42.3
412
41.8
40.7
42.1
41.0
39.7
412
3.7
40.0
'392
'41.9
'42.6
'41.3
41.6
40.7
42.3
'40.6
'39.6
'415
3.2
39.7
39.9
40.1
3.7
40.4
395
40.8
36.9
432
37.8
425
44.8
41.1
37.6
40.1
3.7
40.4
'38.4
41.0
37.0
.43.5
37.6
42.6
'43.9
'41.1
'37.7
'38.4
37.9
'28.4
35.6
322
5.577
1204
36
580
664
525
871
600
104
688
• 105
5.543
1202
36
580
854
522
867
598
104
677
103
5,524
1206
5.506
1208
5.488
1213
35
574
850
521
864
596
103
672
102
36
571
844
522
860
594
102
668
101
36
565
843
522
855
592
102
660
100
5,468
1,213
35
564
842
521
851
591
102
651
98
5,455
1207
35
565
840
519
849
591
103
649
97
5.465
1211
36
570
847
519
844
585
102
654
97
56,980
4,850
4,983
17,445
24,811
56,957
4,852
4.968
17.409
4,886
24,842
56,936
4,854
4,959
17370
4,876
24,877
56,883
4,868
4,946
17.321
4.863
24,885
56.879
4,869
4,924
17277
4,869
24,940
56.720
4.840
4,904
17202
4,663
24,911
56,638
4,834
4,894
17,132
4.862
24,916
56,506
4,825
4,879
17,072
4,851
24,879
34.8
34.5
43.9
39.0
34.8
34.6
44.7
39.1
34.3
342
44.0
38.0
34.3
34.4
44.9
382
34.7
34.6
44.8
38.3
33.7
34.1
44.4
362
33.9
34.3
44.9
37.0
34.0
34.2
44.6
372
40.8
40.8
40.9
41.3
40.9
40.8
40.6
41.3
40.7
40.2
40.4
39.9
40.3
3.8
*""*3.'6
3.6
3.7
40.9
40.7
3.6
3.5
3.4
3.3
Durable goods
Overtime hours
Lumber and wood products
Furniture and fixtures ....
Stone, clay, and glass oroducts
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Instruments and related products
Miscellaneous manufacturing
41.6
41.3
3.7
402
39.1
42.0
42.7
41.3
41.9
40.8
42.0
41.1
39.5
41.5
3.9
40.5
39.4
42.3
42.9
41.6
42.1
40.6
42.6
41.3
39.9
41.5
3.8
40.7
392
422
43.0
41.6
42.1
41.1
42.8
41.3
39.9
41.3
3.6
39.8
38.6
412
42.9
41.2
42.1
40.7
42.5
41.0
39.8
41.1
3.5
412
3.6
40.8
Nondurable goods
Overtime hours
Food and Kindred products
Tobacco manufactures t
Textile mill products
Apparel and other textile products
Paper and al'ied products
Printing and publishing ..
Chemicals and allied products
Petroleum and coa! products t
Rubber and misc. plastics products
Leather and leather products „ ..
402
3.6
40.0
40.1
402
3.6
412
40.0
39.9
Chemicals and allied products
Petroleum and coal products
Rubber and misc. plastics products
Leather and leather oroducts
Service-producing
Transportation and public utilities ..
Wholesale trade
Retail trade
Finance, insurance, and real estate .
Services ....................
5.655
1.181
5.603
1200
5,606
1201
37
623
910
522
867
605
102
694
115
36
593
874
524
873
603
37
592
870
109
526
876
601
103
693
107
55,590
4.688
5009
17 327
4i849
23.718
56.783
4,835
4,985
17,434
4.884
24,646
56,954
4,832
4,990
17,463
4,899
24,770
34.6
34.5
43"0
37.9
44"i
382
41.0
103
688
41891
'5,490
"1210
'5,477
'1,197
36
'575
'867
517
'845
580
'103
658
'99
5,598
1,203
37
588
870
525
873
601
103
691
107
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
5,467
1213
36
571
850
f
37
574
'863
"521
'843
'582
'103
661
'98
"35
"575
"862
"522
"843
"582
"102
"662
"97
"56,739
"4,842
"4,849
"17.066
"4,825
"25,157
AVERAGE HOURS PER WEEK §
[Hours]
Seasonally adjusted:
Average weekly hours per worker on private nonfarm
payrolls: 0
Not seasonally adjusted
Seasonally adjusted .
Mining
Construction t
Manufacturing:
Not seasonally adjusted
Seasonally adjusted
Overtime hours
Transportation and public utilities
Wholesale trade
~
Retail trade
Finance, insurance, and real estate t
Services
„
-
mm
3.9
40.1
39.5
42.3
43.0
41.6
42.4
40.8
42.4
41.1
39.4
~
40.7
38.6
40.9
36.9
43.3
37.9
42.4
44.3
41.4
37.9
3.6
3.7
40.8
41.0
39.3
40.0
36.6
43.5
38.9
38.0
28.9
35.8
32.6
38.9
38.1
28.8
35.8
32.6
39.0
38.1
28.7
35.7
32.5
39.1
201.02
165.15
1022
41.39
11.42
1229
29.38
12.46
46.44
35.87
203.47
166.79
1.63
1020
40.50
11.79
12.29
29.48
12.55
48.36
36.68
203.66
166.95
1.63
10.15
40.6
11.84
12.3
29.42
12.53
48.46
36.9
204.7
167.82
1.65
10.19
40.4
11.90
12.32
29.6
12.6
48.99
36.9
122.6
112.0
60.6
139.3
109.6
109.7
109.6
127.4
111.5
116.8
123.3
120.
1402
123.7
109.8
64.1
138.3
106.6
105.5
1082
130.0
115.1
116.3
1236
120.8
145.6
123.9
109.9
64.
137.
107.
106.
108.
130.
115.
116.
123.
120.
146.
392
39.9
36.4
43.3
37.9
42.6
44.6
41.1
37.4
382
42.3
43.8
41.3
37.6
40.9
39.9
36.6
432
38.0
42.7
45.3
41.4
37.5
382
28.9
36.
32.8
3.6
3.5
39.5
38.5
41.8
42.7
40.8
41.8
40.7
41.1
41.0
39.6
3.6
40.0
38.8
3.3
42.3
41.1
42.1
40.7
41.5
41.2
39.3
39.4
38.5
41.0
42.0
40.6
41.6
40.3
41.5
40.8
39.0
40.0
39.9
4Z0
3.6
3.4
375
32
392
382
41.7
41 5
40.7
41.5
41.3
41.4
40.6
41.5
405
402
39.8
39.9
39.3
41.0
41.0
39.3
3.4
3.4
3.6
40.4
3.8
'405
'38.9
'41.4
37.3
'435
'37.9
'432
'43.7
'41.5
'372
40.3
39.0
375
375
425
372
37.6
42.7
43.9
40.6
37.1
38.6
37.9
28.6
38.6
38.1
28.6
38.4
37.9
28.4
382
28.7
38.9
38.4
28.9
35.
3Z
35.
32.
35.
322
35.
325
362
32.
201.1
1642
200.4
163.3
1.6
38.80
11.6
12.1
28.8
12.4
48.62
37.03
199.4
200.6
162.4 ' 163.7
1.65
1.64
9.32
9.23
38.8
38.68
11.7
11.6
11.99
12.09
28.54
28.86
12.44
1Z39
48.88
48.3
37.00
36.86
201.65
164.79
1.65
9.33
38.9
11.7
12.1
29.0
1Z62
4929
36.8
'199.73
'162.92
'1.6
9.53
38.99
11.7
12.06
28.95
12.53
48.78
36.95
1.6
92
38.98
'11.6
11.95
'285
'12.38
'48.57
'36.82
'3925
11.7
'12.02
'28.77
'12.4
'49.0C
'36.6
122
103
64
124
102
99
105
130
114
114
121
121
148
120
103
'62.
'123
121
'104
40.7
39.5
39.4
36.3
43.0
37.7
42.6
42.9
40.8
36.9
40.6
38.4
37.
40.9
39.9
39.4
36.6
43.5
37.8
42.9
43.9
41.0
37.3
38.5
37.9
28.4
35.5
32.3
38.7
38.0
28.7
35.6
32.5
39.0
38.3
28.7
36.2
32.8
38.7
37.9
28.3
35.7
202.62
165.77
1.66
9.92
39.75
11.78
203.34
166.53
1.67
9.93
39.69
11.90
322
3.4
38.9
41.3
41.4
40.7
41.3
40.6
41.0
40.8
3.8
'402
'39.2
'41.6
'43.0
41.6
'42.1
'40.8
'42.4
'41.0
'40.0
40.3
37.7
39.6
36.4
42.9
40.7
40.3
39.3
36.3
43.5
37.8
42.6
46.0
40.8
36.8
40.6
40.8
39.8
36.4
43.5
37.9
42.6
43.8
41.1
40.8
40.9
39.3
392
392
36.5
43.0
37.6
42.4
43.8
40.6
40.6
382
39.4
36.6
432
42.4
445
40.7
37.1
402
36.7
43.0
45.1
40.9
37.2
38.8
38.
38.
'28.
35
32.
"41.4
"3.6
'405
'392
'42.0
"42.6
"41.6
"41.9
'40.6
'422
'412
'402
'40.3
'3.7
'405
'395
'41.4
'37.4
"435
"37.7
"43.1
'44.7
'41.3
'37.6
'38.9
"382
"28.7
"362
'32.6
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 ..............
- .
155
202.0
1652
1.6
9.6
402
11.72
12.20
29.04
12.4
48.3
36.84
122
122
2929
12.48
48.69
36.85
2922
12.6
49.1
36.8
200.83
163.84
1.65
9.34
39.35
11.8
12.1
28.7
12.5
48.34
36.99
122.
106.
123.
106.
121.
104.
121
104
120
102
120
102,
64.
65
126
101
98
105
129
114
65
123
100
97
105
129
64
122
100
97
104
127
113
113
119
118
145
'92
"200.63
'164.0
'1.6
'92
'201.64
"164.78
"157
"9.39
"39.14
"11.77
'12.01
"28.89
"12.58
'49.44
" 36.86
[1982=100}
Indexes of employee-hours (aggregate weekly) 0
Private nonfarm payrolls, total ~
Goods-producing ..Mining
Construction
Manufacturing...
Durable goods
Nondurable goods
Service-producing ,
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance and real estate
Services
«
Se« footnotes at end of tables.
-
-
-
-
—
124.
109.
64.
137.
106.
105.
108.
131.
116.
116.
124.
122.
147.
122.
107.
64.
130.
105.
1042
107.
129.
114.
115.
121.
119
146.
65.
65.
132.
104.
102.
106.
130.
1152
115.
122.
1202
146.
132.
103.
102.
106.
130.
116.
115.
122.
121.
148.
125.
102
100
105.
128.
115
114
120
120
145
114
121
120
146
114
114
120
119
146
121
103
64
124
101
98
105
129
114
114
120
119
147
102
99
'106
'128
'113
112
'119
'117
146
'62
'123
103
100
'107
129
114
'113
'120
'118
'147
"122.1
'1042
'61.0
'124.7
'102.8
'99.9
"106.7
'130.0
"1152
'113.5
'1205
"120.6
'1485
SURVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated in footnotes below, data through 1983
and methodological notes are as shown in BUSINESS STATISTICS,
Annual
1989
1961-Sfl
|
October 1991
1991
1990
1990
Aug.
Sept.
OcL
NOV.
Dec.
Jan.
|
Feb.
Mar.
|
Apr.
| m,
June
July
Aug.
|
Sept
LABOR FORCE, EMPLOYMENT, AND EARNINGS-Contlnued
HOURLY AND WEEKLY EARNINGS 5
[Dollars}
Average hourly earnings per worker, not seasonally
adjusted: Q
Private nonfarm payrolls
Mining
Construction
Manufacturing
Excluding overtime
Durable goods
Excluding overtime ...
Lumber and wood prodxss
Furniture and fixtures ...
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment ++
Electronic and other electrical equipment tt
Transportation equipment $$
Instruments and related products Miscellaneous manufacturing
9.66
13.2
13.54
10.41
10.02
11.0
10.52
8.84
8.25
10.82
12.43
10.57
11.40
10.0
13.67
13.83
8.29
10.02
13.69
13.78
io.a
1037
11.35
10.86
9.09
8.52
11.11
12.92
10.83
11.78
10.30
14.10
11.31
8.61
9.9
13.66
13.79
108
10.33
11.35
10.84
9.1
8.55
11.13
12.96
10.85
11.80
10.32
14.07
11.34
8.59
10.15
13.8
13.9
10.93
10.4
11.49
10.94
92
8.63
1123
13.06
10.95
11.94
10.41
14.30
11.45
8.62
10.14
13.73
13.97
10.94
10.46
11.50
10.99
9.14
8.61
11.18
13.08
10.95
11.90
10.45
14.41
11.46
8.62
10.16
13.82
13.87
10.96
10.44
11.47
10.98
9.11
8.63
1122
13.13
10.95
11.97
10.52
1420
11.48
8.66
10.19
13.88
13.92
11.05
10.57
11.59
11.08
9.11
8.69
11.24
13.13
11.05
12.12
10.55
14.42
11.61
8.80
10.22
1420
14.02
11.05
10^62
11.58
11.15
9.11
8.61
11.23
13.17
11.02
12.06
10.59
14.41
11.64
8.78
1023
14.10
13.93
11 02
io!ei
11.55
11.14
9.10
8.65
11.19
13.02
11.02
12,06
10.58
14.34
11.65
8.70
1024
14.09
13.93
11 06
10.64
11.60
11.17
9.10
8.67
11.20
13.17
11.08
12.13
10.55
14.43
11.69
8.76
10.30
14.12
13.99
1111
10.69
11.65
11.22
9.18
8.70
11.33
13.21
11.11
12.10
10.63
14.55
11.66
8.78
10.31
14.10
13.96
1115
10.72
11.70
1127
923
8.67
11.34
1322
11.15
12.11
10.66
14.74
11.67
8.85
10.31
1424
13.88
11 19
10.71
11.76
1126
9.36
8.75
11.40
13.32
1120
12.16
10.74
14,82
11.68
8.88
10.30
'1420
'13.97
11.22
10.74
11.81
11.32
9.34
8.78
'11.42
13.44
'11.23
'12.17
10.77
'14.91
'11.71
'8.83
10.30
'14.20
14.02
'11.18
'10.67
'11.77
'1126
9.35
8.83
'11.41
'13.41
'1123
'12.13
10,78
' 14.83
'11.70
'8.84
"1 0.46
"14.38
" 14.13
/>1126
p 10.72
'11.85
'11.31
"9.40
"8.87
"11.47
"13.44
"11.30
"1121
"10.81
"14.98
"11.75
"8.92
9.75
9.33
9.38
15.3
7.67
6.35
11.96
10.88
13.09
15.4
9.46
6.59
12.60
10.39
6.53
9.53
9.38
10.12
9.69
9.61
16.29
8.02
6.57
12.30
11.25
13.55
16.23
9.77
6.90
12.96
10.79
6.76
9.97
9.83
10.11
9.65
9.53
16.16
8.05
6.61
1229
11.30
13.58
16.06
9.78
6.83
12.97
10.76
6.73
9.94
9.75
10.19
9.69
9.54
15.92
8.09
6.68
12.43
11.40
13.64
16.40
9,87
6.95
13.08
10.93
6.83
10.10
9.95
1020
9.74
9.54
15.81
8.12
6.65
12.43
11.36
13.74
16.40
9.87
6.96
13.08
10.86
6.83
10.08
9.96
10.29
9.83
9.74
16.51
8.13
6.63
12.53
11.38
13.75
16.59
9.92
6.99
13.09
10.93
6.86
10.12
10.02
10.33
9.88
9.80
15.95
8.16
6.65
12.54
11.44
13.77
16.51
9.96
7.07
13.14
11.04
6.84
10.24
10.11
10.33
9.92
9.78
16.16
8.17
6.64
12.51
11.37
13.87
16.63
10.02
7.09
13.18
11.04
6.90
10.24
10.12
10.31
9.92
9.74
16.12
8.13
6.61
12.51
11.37
13.83
17.01
9.99
7.09
13.17
11.08
6.89
10.30
10.14
10.35
9.95
9.80
17.35
8.16
6.63
12.56
11.36
13.85
17.06
10.01
7.11
13.15
11.06
6.91
10.33
10.16
10.40
9.99
.9.84
17.56
8.20
6.72
12.56
11.43
13.96
17.01
10.02
7.18
13.19
11.12
6.98
10.36
10.19
10.41
10.00
9.93
18.01
8.22
6.73
12.63
11.39
14.01
16.89
10.08
7.15
13.17
11.11
6.97
10.36
1021
10.43
9.97
9.92
18.38
828
6.77
1266
11.44
14.05
16.85
10.08
7.15
13.16
11.19
6.98
10.42
10.19
'10.47
10.00
9.87
'18.31
827
6.79
12.78
'11.49
'14.16
'16.87
'10.11
'7.10
'1325
'11.14
'6.98
10.36
'10.13
'10.42
'9.92
'9.82
'16.65
'8.36
'6.81
'12.73
'11.57
'14.04
'16.80
'10.13
'7.11
'1324
'11.13
'6.97
'10.36
10.14
"10.49
"9.97
"9.86
"16.16
"8.41
"6.85
"12.81
"11.70
"14.14
"17.12
"10.17
"7.16
"13.31
"11.24
"7.07
"10.52
"10.35
Average hourly earnings per worker, seasonally adjusted. 0
Private nonfarm payrolls
Mining
„
Construction
Manufacturing
„
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
9.66
13.26
13.54
10.48
12.60
10.39
6.53
9.53
9.38
10.02
13.69
13.78
10.83
12.96
10.79
6.76
9.97
9.83
10.07
13.76
13.83
10.89
13.00
10.83
6.80
10.04
9.90
10.10
13.85
13.86
10.91
13.03
10.92
6.81
10.12
9.94
10.10
13.83
13.86
10.96
13.05
10.88
6.82
10.09
9.92
10.13
13.88
13.85
10.96
13.07
10.93
6.83
10.12
9.98
10.17
13.89
13.87
10.99
13.11
11.00
6.84
1022
10.03
10.18
14.04
13.95
11.02
13.15
11.00
6.86
10.17
10.03
1020
13.99
13.97
11.03
13.13
11.05
6.87
1022
10.07
1024
14.03
13.97
11.05
13.16
11.07
6.90
10.32
10.13
10.28
14.05
14.05
11.12
13.19
11.08
6.97
1028
10.16
10.32
14.13
14.00
11.15
1324
11.12
6.98
10.35
1024
10.37
14.30
13.98
11.19
13.23
1123
7.01
10.50
10.29
10.36
'1424
'14.01
11.22
'1326
'11.14
'7.03
10.40
'1025
10.40
'14.31
14.06
'11.26
'13.28
'1121
'7.04
'10.46
1029
"10.42
"14.37
"14.02
"1124
"1326
"1123
"7.05
"1054
"10.34
/Doflars per hour]
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (ENR): §§
Common labor
.....................„
Skilled labor
„
Railroad wages (average, dass 1) ......IT.
— -
17.82
23.17
15.68
1833
23.92
16.08
1840
24.04
15.98
1851
2426
16.08
18.51
24.28
15.77
1861
24.35
15.97
1861
2436
15.99
18 61
24.61
15.65
18.61
24.35
15.85
1861
2*35
15.48
18.61
2437
15.60
1878
24.54
15.57
1885
24'&4
15.66
18.98
24'.84
'15.70
19 03
24S3
15.80
19.07
25.00
334.24
26422
345.69
259.72
347.42
25927
349.46
258.67
345.42
254.17
348.47
255.66
351.88
257.41
347.14
253.02
349.86
254.81
35021
255.07
349.52
253.83
353.98
256.32
358.80
25925
353.28
254.89
357.76
257.75
"359.49
"258.07
334.24
570.18
513.17
429.68
458.02
39195
490.14
394.82
188.72
341.17
305.79
345.69
603.73
526.40
441.86
468.76
404.80
504.14
411.10
194.69
356.93
320.46
347.30
601.04
537.81
441.05
468.76
407.43
509.72
409.96
197.86
354.86
319.80
353.22
625.09
54623
451.41
480.28
413.71
512.74
418.62
197.39
364.61
325.37
347.80
612.36
530.86
447.45
476.10
410.04
50620
413.77
193.97
357.84
322.70
348.49
621.90
529.83
447.17
473.71
413.66
507.89
415.34
194.82
36027
324.65
353.59
631.54
533.14
456.37
485.62
418.37
513.77
423.94
199.73
370.69
330.60
344.41
630.48
507.52
44421
471.31
409.07
503.48
416.21
190.44
365.57
324.85
346.80
626.04
515.41
439.70
466.62
40621
504.41
417.72
192.92
368.74
327.52
348.16
619.96
51820
443.51
469.80
409.86
503.65
419.17
194.17
367.75
328.17
35020
619.87
528.82
445.51
472.99
410.80
506.50
421.45
197.53
368.82
329.14
352.60
624.63
53327
449.35
476.19
414.32
508.36
423.29
199.34
367.78
329.78
357.76
640.80
537.16
457.67
488.04
41929
514.56
430.62
203.82
37720
334.23
355.35
'619.12
'53924
45329
480.67
'417.75
'515.43
'424.43
'204.51
368.82
'330.24
357.41
'633.32
'543.98
'457.26
'484.92
'422.01
'515.04
'425.17
'20422
'369.85
331.58
"361.92
"645.66
"552.48
"465.04
"495.33
"426.94
"520.42
"431.62
"202.91
"380.82
"337.41
Nondurable goods
„...
Excluding overtime ....
Food and lundred 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
{DoBars]
Ava weeldy earnings per worker, private nonfarm: 0
Current dollars, seasonally adjusted
„
1982 dollars, seasonally adjusted t
.'•
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
-.„».„...
EMPLOYMENT COST INDEX @
(June 1939=100]
Total compensation:
Civilian workers t
Workers, by occupational group:
White-collar workers
Blue-collar workers ..„„. ,...-..„.
.........
Service workers
„..*. „...„...„„ .„„.,„„„,„....
Workers, by industry division:
Manufacturing
.....„......„,
..,„...„....
Nonmanufacturing
„
„...."..
ZZ".....
Services
Public administration
„.„
Wages and salaries: *
Civilian workers t
..
Workers, by occupational group:
White-collar workers
Blue-collar workers
Service workers .
„„
_ „
Workers, by industry division
Manufacturing
Nonmanuiaetunng
Services .........
Public administration
„,„„„...
.„
..............
,...„
„
mt
,.„.„,. .,„
..............
.,„„
„.„.,
,„
................
.............
„ 4
106.9
107.6
109.1
1102
mi
107.5
105.8
106.6
1083
106.5
108.0 ................
1098
108.0
109.4
110.8
1092
110.4
112.1
1103
112.3
106.4 .,..,.....„... ...............
,
107.0
109.0
„,
107.8 „
107.2
107.8
1102
108.7
106.0
106.8
108.0
108.9
106.8
104.7
105.6
107.4
105.4
106.8
108.7
106.6
107.8
109.6
107.4
108.9
105.4
1062
108.1
106.5
1062
106.9
1092
107.3
* * " " " •
"
'
*
"
108,6
109.4
111 5
110.8
„„„
" "
( i
t
!!.'........
Z
!
107.4
108.1
1102
109.1
97
95
twmtmmn
ii4
t
„„.,.,
"...Z'Z".
„„,„„
.I!".!.........
110.0
110.3
112.0
1103
it
""!.„..,
Z"Z"1.'
„„,,„
,
. " ! "
-
,.
„
•
HELP-WANTED ADVERTISING
Seasonally adjusted index. 1967=100.
5e« homes at end of towe*.
„
151
128
127
122
116
107
108
100
95
94
96
1112
111.7
1138
1122
110.0
108.4
109.0
1107
1&5
„.
92
91
110.8
1082
110.6
109.3
1102
1124
110.6
SURVEY OF CURRENT BUSINESS
October 1991
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in BUSINESS STATISTICS,
1989
1961-68
|
S-13
1991
1990
Annusl
1990
Aug.
|
Oct.
Sept.
|
Dec.
Nov.
Jan.
|
Feb.
|
M if.
|
Apr.
I
May
I
July
June
|
Aug.
|
Sept.
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
51
44
5
3
2
3
2
0
2
1
7
7
5
0
-4
3
452
185
10
429
3
451
11
484
4
436
0
354
3
240
2
257
298
823
19
533
37
462
0
'280
6
'283
1
272
1,364
2,734
16,996
5,926
31
684
17,126
2.154
20,184
2,514
1,451
2241
UNEMPLOYMENT INSURANCE t
T
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
1221
2,140
1,755
2230
2,039
2.452
2,483
2,976
3,065
3,940
2,065
4,020
1,952
3,996
1,868
3.805
1,641
3.212
1,497
3,127
2,028
3.214
'1,520
'2,938
22
2.4
2.1
1.9
2.1
2.3
2.7
4.1
3.5
37
3.6
3.0
2.9
3.0
2.8
14,260
97,937
151.68
18.058
115,957
161.64
1.430
9,189
160.46
1,178
7,527
162.11
1,402
8.859
163.89
1,482
9.416
163.56
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
114.4
22.1
143.5
1,085.6
13221
131.7
24.1
159.0
1,0775
148.04
10.8
102
232
23.3
11.5
13.8
32.0
1169
15.1
104.7
644.0
162.57
1329
18.4
131.7
773.3
170.58
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
13.3
90.9
146.32
145.03
19.6
28.4
15.7
107.8
145.79
124
103
12.0
16.7
10.4
60.1
173.20
1L3
95
54.4
175.19
11.6
66.6
174.00
792
1,737
10,903
16525
2.529
15,818
166.83
115
15.3
38.9
121.7
14623
34.7
18.9
129.4
146.35
10.4
18.4
11.5
65.3
175.45
18.8
11.3
64.1
17557
205
132
74.9
176.03
54,771
557,811
420,398
221,362
199 036
137,413
56,498
568.723
419,541
216,148
203 393
149,182
178
94
232
155.9
149.14
112
2,525
15.321
170.45
2.486
15,142
170.01
9.0
7.6
36.1
19.8
130.6
151,87
32.1
18.3
121.5
15058
9.7
285
2.382
14.514
169.51
80
83
175.60
16.7
9.9
56.8
17451
52,831
565,941
421,749
222,169
199580
144,192
48,795
561,923
415,705
225,990
189715
146218
18.3
. 10.4
595
16.9
1102
153.41
2,242
13,628
170.47
2,135
13,030
169.16
'1,910
'11,629
M 69.01
1,684
10,202
170.97
16.0
28.8
169
1092
155.02
'9.9
'29.3
"17.3
'112.4
'153.72
10.4
29.9
16.3
108.6
150.18
'152
'22.8
'14.0
'78.2
'17853
141
9.1
105
24.0
14 7
97.1
151.70
24.7
13.1
153.64
105
108
855
55.7
174.40
14.7
8.9
51.1
174.31
16.4
8.8
49.4
178.06
15 3
19.8
122
67.0
18154
47,086
553204
401,510
214,036
187474
15U94
46,438
541,279
393.925
206,507
187418
1471354
45.539
539,717
395,980
206278
189702
143J37
541,130
396,818
205.443
191 375
144,312
9.'J
2.6
1.867
11.337
170.49
24'.8
15.6
82.1
190.44
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
Nonfinanctal companies
Loans of the Farm Credit System: t
Total end of period
..
Long-term real estate 'oans
Short-term and intermediate-term loans
Loans to cooperatives
62.972
521.B59
398,456
188,580
209 876
123,403
54,771
557,811
420,398
221.362
119036
137.413
52.324
547,364
402.570
198.900
203 670
144,794
50,469
561,773
410,134
206,734
203400
151.639
50,707
30,245
10.020
10,442
51.172
29,416
10,673
11,083
„,..
51,110
29,440
10.977
10,693
...
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
52,093
558,375
404,718
199.092
205626
153,657
53.968
555,994
408,578
205.203
203 375
1471416
50,849
29.072
10.474
11,304
51,172
29.416
10.673
11,083
.,„,
**""
"
51,079
29.152
11190
10,737
...
...
,„..,
531.582 ,„„„„,
395.968
206,452 .„
189516
135.614
„,„
, „.„,
t
,
„
304,465
327,573
310.386
311,031
315,881
318,871
327573
326206
325.016
315,305
318.978
317,879
318,604
320,401
319.763
321,636
236,991
262,002
244,450
243,082
245.851
252279
262,002
258,471
260,090
250,069
251,848
254,985
258,636
261,991
264,528
481
190
465
505
591
131
190
180
506
244
291
206
574
250.978
11,062
844
254,959
11,062
258.554
11,062
228,367
11,059
252,103
11,058
236,434
11,065
234,373
11,063
237,763
11,060
244,985
11,059
252.103
11,058
249,194
11,058
251,404
11.058
240.965
11,058
244,493
11.058
248,111
11,057
256,813
1479
248,446
11,062
304,465
327,573
310.386
311,031
315.681
318,871
327,573
326206
325,016
315,305
318,978
317,879
318,604
320,401
319,763
321,636
46,430
38.327
241,739
48228
38.658
267,657
40 600
35,592
253.544
42206
33,834
252,738
44226
34,546
255,860
43 331
37,359
260243
48228
38,658
267,657
48165
19.902
263,751
46505
22,109
265,915
35 405
24.067
267,391
36330
22.081
267,445
33263
26223
271.019
34460
22202
272,000
34228
27,871
272,962
31200
23,962
275210
36000
27,404
273,809
'62,810
61r8S8
*922
*265
3
677
59,150
57,456
1,665
60.728
59,860
61,452
60,544
61,052
60,206
62,045
61,099
947
230
741
48.551
46,743
1,809
48,536
47,408
1,179
50,301
49271
1,030
49,063
48,033
1,029
50,407
49,399
1,008
50,607
'49.521
'1,086
1,362
847
410
455
50.992
48,824
2,168
51.127
50,198
909
624
291
59.150
57.456
1,665
50,660
49,754
868
927
68
248307
197.212
7248
1,865
24.251
278 721
218263
9.315
4,831
28,334
213.251
171,072
5,405
1,440
18,840
225626
180,117
6,067
1,902
21.654
224 787
1791672
6,844
2,249
20,545
79238
704.060
666.397
91,138
797,701
762,580
77,478
752,705
715.253
81,627
755,176
719.144
79,367
755210
718,955
315
All member banks of Federal Reserve System, averages of daily
figures: 0
Reserves held, total
Required
«
-«
.........
Excess JZ!ZZZ!ZZZZ
Borrowings from Federal Reserve banks
......
ZZZ
Free reserves
Urge 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
lfioiviou3»si 09iin©rsntp& oou corporsyons **+•»*»**••••
J
Loans and leases(adjusted),total §
Commercial and industrial
For purchasing and carrying sec unties
To nonbank depository and other financial .
Real estate loans
.
To States and political subdivisions
Other loans
994.060
318,691
16261
22,334
352.500
24,940
259,334
Investments, total
U.S. Treasury and government agency securities, total
Investment account
Other securities „.
223,349
156,556
140.002
66,793
See footnotes at end ol tables.
326
326
534
252
1,362
1,661
2,971
241
991
231
885
303
814
340
676
906
607
345
217211
173,925
6.427
1,038
19,915
278,721
218263
9,315
4,831
28,334
214004
172260
6,755
1.491
18,915
216608
173',674
6,787
1,627
17,995
218 174
173,616
6.942
1,662
18,984
214429
170J91
7,119
3,362
18,319
225187
178,770
6,411
1.401
22,864
219504
175',648
7.132
1,602
19.573
211579
171,652
6,626
1,727
18,020
78,354
753.989
717,983
91.138
797.701
762580
82,988
793.096
757267
84,413
798,314
760,759
86.607
797,660
760,265
1,072,019 1,017,024 1,019,094 1,020,546 1,017.693 1.072,019 1,052,816 1,048.748 1,048.489
316.930 320,763 319.601
321,314
317,459 318.909 319.458 317,473 321514
12.982
13,129
14,020
14.407
15,143
13.469
14262
13,129
14.540
22519
24.462
22,647
24,090
22,632
23,308
23,975
23.358
24,462
400,607 400,812 401,912
379,229 381,394 382,568 383,842 393,753
398,753
21,054
20,802
21.977
20,5321,415
21,054
21,093
21.978
22.454
278,070 268,709 270,828
260262 258.298 258.046 257,635 293,307
293,307
238,932
177.816
167,790
61.116
245,197
182,874
165,720
62,323
245.127
183,404
165,754
61,723
245,162
184.057
167,856
61,105
240.951
180,785
166506
60.166
238,932
177,816
167,790
61.116
243,445
182,652
170.890
60.793
247513
186,969
172.729
60.544
249.302
189,308
176,704
59,994
'622
929
645
536
216,086
174,760
6.609
1299
18,887
218221
173.948
7,304
1,610
19243
764
90.002
87.272
89,716
88,425
86,718
88,311
791,541 792,717 788,263 792.527 791.441 784,509
754312 754,706 751.858 757,146 756,847 750^59
1,047,474 1,041,535 1.039.347 1,020.070 1,015,162 1,015,986
316.851 312.354 308.751 302509 298.398 297275
14,315
12,672
13,917
13.767
12,979
11,463
21,987
21,694
22205
22,655
21.928
21.670
403,664 404.774 404,012 399,870 396,910 396,960
18,343
18,578
18,719
19,910
20.402
19,199
271.650 263.525 270.813 265,839 264.474 269,042
250.366
191.684
177,868
58,682
250.457
192,765
179,583
57,692
253286
195.194
180.073
58,092
253,879
197,169
182252
56,710
259,765
203.357
186.968
56,408
263.841
207.410
189,404
56,431
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated in footnotes below, data through
1988 and methodological notes are as shown in BUSINESS
STATISTICS, i&i-ea
Annual
1989
|
October 1991
1991
1990
1990
Aug.
|
Sept
|
Oct.
|
Nov.
|
Mar.
Apr. ] May
Dec.
Jan.
Feb. |
2,721.2
454.1
2,089.4
2,735.1
458.0
177.6
2,099.5
••2,751.0
471.4
177.6
2,102.0
'2,751.8
479.2
175.7
'2,096.9
June
Jury
Aug. |
SepL
'2,750.5
'485.1
173.9
'2,0915
'2,7632
'495.2
173.1
'2,094.8
'2,763.3
'505.3
'172.0
'2,086.0
2,761.6
512.6
1699
2,079.1
2,768.9
522.1
170.8
2,076.0
FINANCE-Continued
BANKING-Corrtinued
(Billions of dollars}
Commercial bank credit seas, adj.: §
Total loans and securities 0
U.S. Government securities
Other securities
Total loans and leases 0
.•.
.
2,582.
394.
180.
2,007.
..
..;.
,
„
„
"..„
2,723.
454.2
175.
2,093.8
2,704.
445.
178.
2,080.
2,708.
450.
178.
2,079.
2,713.6
453.
177.8
2,082.7
2.716.6
454.0
175.9
2,086.7
2,723.6
454.2
175.6
2,093.8
10.0
10.0
mi
[Percent}
Money and interest rates:
Prim© rate charged by banks on short-term business loans
10.00
10.00
10.00
9.52
9.05
9.00
9.00
8.50
8.50
8.50
850
820
6.93
6.98
7.0
7.00
7.00
7.00
6.79
6.50
6.00
6.00
5.98
5.50
550
5.50
550
520
9.77
*9.8
*9.68
*9.73
9.75
9.7
9.60
9.70
9.68
9.67
9.61
9.69
9.45
9.58
9.36
9.54
9.28
9.49
9.16
9.26
924
924
926
923
9.18
9.12
9.12
9.12
9.19
9.10
8.8
8.1
8.8
7.93
7.95
7.53
7.75
7.77
7.46
7.63
7.83
750
7.85
7.81
750
7.82
7.74
7.42
7.60
7.49
6.95
6.96
7.02
659
6.36
6.41
6.14
624
6.36
620
5.92
6.07
5.91
5.75
5.94
5.72
5.94
6.16
5.75
5.89
6.14
5.81
5.54
5.76
5.50
5.38
5.59
5.34
8.120
7510
7.440
7.380
7.190
7.070
6.810
6.300
5.950
5.910
5.670
5.510
5.600
5.580
5.390
5250
......
730.901
748.300
736,480
738,946
736,091
738.626
748,300
736,399
729,264
725,462
727,907
727,717
728,023 '727,754
731,091
.
342,770
140,832
93,114
44,154
57,253
3.935
48,843
347,466
137,450
92,911
43,552
45,616
4.822
76.483
340,525
139,496
93,071
39,557
51,822
4,722
67,287
342,698
140,890
92,996
38,963
50,683
4,723
67,993
341,755
141,329
93,190
38,282
48,055
4,749
68,731
342,882
139,195
92,918
39,095
47,121
4.753
72,662
347,466
137,450
92,911
43,552
45.616
4,822
76,483
341,426
134,965
91,991
40,945
44,939
4.766
77,367
339282
133,021
91,131
38,864
43,875
4,404
78,687
335,754
131,552
90,772
38,497
42.491
4,296
82,100
336,425
133,462
91,413
37,817
41,707
4,357
82.726
334.746
134.045
91,549
36,782
40,764
4507
85,324
333,442 '334273
133,903 134,120
91,924 '92,017
36.702
36,392
39,827
39,012
4,712
4,591
87,634 '87228
335,782
,
135,509
92,020 ,„,„,„,
37.296 ,„„,,_
38,156
4.857 ................
87,471
290,705
210,310
22.240
207,646
284,813
232,370
20,666
210,451
289,371
216,633
21,185
209,291
289,169
218,279
21,195
210,303
287,304
218,337
20,773
209,677
285,379
222,643
20,472
210,132
284,813
232,370
20,666
210,451
282,214
223,606
20.614
209,965
279,913
220,714
20,362
208275
277,798
221,400
20.030
206,234
277508
222,627
20,052
207.720
275582
224,301
19,721
208,113
275,018 '274222
225,596 '226,145
19.875 '19,639
207,534 '207.748
273,875
229.146 „„,
19.495
208,575
10.8
Discount rate (New York Federal Reserve Bank) @
10.0
Federal intermediate credit bank loans „
Home mortgage rates (conventional 1st mortgages):
New home purchase (U.S. avg.)
Existing home purchase (U.S. avg.)
_
3
Open market rates. New York City:
Bankers' acceptances, 3-month
„.„
Commercial paper, 6-month $
_
Finance GO. paper placed directly, 6-mo
Yield on U.S. Gov. securities (taxable):
3-month bills (rate on new issue)
CONSUMER INSTALLMENT CREDIT t
[Millions of dollars]
net seasonally adjusted.
Total outstanding (end of penod) # „
Commercial banks
Finance companies
Credit unions
Retailers...
Savings institutions
Gasoline companies *
Pools of secunbzed assets f t
Dkl
MAiah* M . J i
frl
„
jn.-"l
By major credit type
Automobile
Revolving *
Mobile home *
Other • .....
Seasonally adjusted.
Total outstanding (end of Denod) #
Bv maioc credit tvue
Automobile
Revolving .,
Mobile home _
Other • ...„.
„
Total net change (during penod) #
Bv maior credit tvrje
Automobile
Revolving ..
Mobile home
..
Other •
-
-
»
733,844
735.547
735,433
736,411
735,102
732,962
732,762
732,442
733,621
732,289
730,591 '729,962
728.671
286,818
217,024
21,191
208.811
285,627
219,090
21,073
209,758
285,024
220,031
20,680
209,698
284,412
221,690
20,492
209,817
284,585
220,110
20,919
209,487
283.746
219,588
20,459
209,170
282,626
221,556
20200
208,379
280,689
224,817
20,123
206,813
279,746
225,994
20,098
207,782
276,494
227,301
19,796
208,697
274,496 '273,565
227.737 '228,199
19.907 '19,615
208,451 '208,582
271,594
229,375
19,522
208,179
1,094
1,703
-114
978
-1,309
-2,140
-200
-320
1,179
-1,332
-1.698
'-629
-1291
-1,318
1,905
-20
527
-1,191
2,066
-118
947
-603
941
-393
-60
-612
1,659
-188
119
173
-1,580
427
-330
-839
-522
-460
-317
-1,120
1,968
-259
-791
-1,937
3261
-77
-1,566
-943
1,177
-25
969
-3252
1,307
-302
915
-1.998
111
-246
'-931
'462
'-292
'131
-1,971
1,176
-93
-403
100,713
99 023
i!690
67,657
93834
-26J77
64,805
105876
-4i|071
140,380
1102^9
30,131
63560
116906
-53J346
103,389
105849
-2/teo
78593
119 384
-40J92
76,426
119080
-42553
-1,690
31,764
33,524
26,177
34,611
8,531
436
,„,
ti
"...ZZZ
FEDERAL GOVERNMENT FINANCE
(Millions of dolta/s}
Federal receipts and outlays:
Heceipts (net)
Outlays (net)
Total surplus or deficit (-)
Federal financing,
total
Borrowing from tft© public
Other
^
„
.
~
„
Gross amount of debt outstanding
Held by the public
„._.
„
„,.
.,
""
'1,031,308
' 1,251 766
'-220>58
78,462
131181
-52J19
102,939
82012
20,775
76986
108.270
-31,285
70,507
118142
-47^635
101,900
82160
-7,311
'151,989
'140,369
'11,620
'220,458
'298,824
'10,796
52,719
47,329
-5,425
-20,778
-2,595
20,848
31,285
32,265
803
47.635
46.776
-1,274
7,311
19.700
12,389
'990,701
'445,690
'103,291
'359,416
'82,392
'1,031,308
'474,235
'96,945
'388,944
'96.369
78,462
36,434
1,608
32,047
8,397
102,939
46,664
17,344
31,010
7,856
76.986
40,691
1,614
26,598
9.807
70,507
27,156
134
33,723
10,646
101,900
46,471
22,523
25,480
7.792
100,713
50,882
3,829
39.604
7,487
67,657
27,929
2,495
29,872
7,361
64,805
11268
12,807
33,045
7,665
140,380
77,768
13,296
42,478
6,838
63,560
20,005
2,032
34,546
6,977
103,389
44,517
16,540
34,758
7,574
. 78,593
38,403
1,770
30,360
8,061
'1,142.691
'48.414
'294,876
'399,774
'230,573
'11,036
'30.041
'1,251,766
'50,117
'296,559
'449,829
'261,117
'13,164
'30,575
131,181
2,346
27,805
59,467
18,529
1,140
3,619
82,012
3,320
20,522
14,730
16,281
948
1,202
108,270
4,818
24,094
36,734
15,561
1,351
2,886
118,142
6.474
29,021
39,360
19,345
1,155
4,018
62,160
5.353
25.168
38,133
46,544
1,396
2,428
99,023
4553
20.668
38,931
17,165
851
948
93.834
3,145
24,940
39,162
18,754
1,063
2,576
105,876
5.051
14,852
39,555
19,860
1.139
2,716
110249
5,208
20.841
41,445
17,714
1220
3,184
116,906
5.061
24,091
43,040
22,821
1235
3,668
105,849
3318
21,090
42,792
47,297
1.030
1,164
119,384 119.080
'"
'" *
4,029
„,.„„,
n
23,066
41,897 "' 43271 Irt,,,,
19,136
16,646
"'
™
1,089
1201
2,654
3,659
11,059
381.28
11,061
384.08
11,065
395.03
11.063
389.46
11,060
380.74
11,059
381.72
11,058
378.16
11,058
383.64
11,058
363.83
11,058
363.34
11,058
358.39
11,057
356.82
11,062
366.72
11.062
36751 •-•35623 ""•348.79
5.499
4519
4.982
4.790
4.366
4.169
4.068
4.028
3.723
3.960
3.970
4.040
4.390
'2.881,112
'2,204,270
»
Federal receipts by source and outlays by agency:
Receipts (net), total
„
Individual income taxes (net)
Corporation income taxes (net)
Social insurance taxes and contributions (net) .-..
Other
.,.„..
'990,701
M 142691
'-151,989
„.
Outlays (net), total
„
„„
Agriculture Department
Defense Department, military _.....„..„..„,„
„ .....
Health and Human Services Department
„,..
Treasury Department
_......
National Aeronautics and Space Administration
'"...
Veterans Affairs Department
„
40,792
42.653
2.460
34,434
32,574
10,715
-6,357 -10,079
8255
'3,266.073 3543261 3,266,073 3,307,748 3,363205 3,397,325 3,443,129 3,488,624 3.491,694 3,470,530 3,522261 3,562,942 3597294 3,636,298
'2,470,166 2,471,927 2,470,166 2,502,431 2,549,207 2.568,907 2,600,015 2,634.626 2.624,714 2,615217 2,656,959 2,667,674 2,702,107 2,734,682 ,„,„,.
41,071
-9.913
-50,758
-30,131
-9,399
20,732
53,346
41,742
-11,604
„
76,426 ¥ ,„„....
34,560 *„„,„,
1,306
^ '
31,504
9,056 ,„,„„
m
GOLD AND SILVER:
Gold:
Monetary stock, U.S. (end of period), mil f
Price at New York. dol. per troy oz. %t
Silver:
Price at New York, oW. p&f troy oz. %%
S Mtoomotesat «nd cl ttfes.
4.300
3.940
SURVEY OF CURRENT BUSINESS
October 1991
Annual
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in BUSINESS STATISTICS,
1961-68
1989
|
S-15
1991
1990
1990
Aug.
|
Sept.
|
Oct.
|
Nov.
|
Dec.
Jan.
Feb.
Mar.
Apr. | May
1*1**
Sept
FINANCE-Continued
MONETARY STATISTICS
[Billions of dollars)
Currency in circulation (end of period) •
,
Money stock measures and components {averages of daily
'lures): t
s (not seasonally adjusted):
L (M3 plus other liquid assets) .
Components (not seasonally adjusted):
Currency
..
Demand deposits
Other checkable deposits $t
Overnight RP's and Eurodollars 6
..".!
"Z.1J
General purpose and broker/dealer money market funds .
Money market deposit accounts ............
Savings deposits
_...,.
..
Small time deposits @
Large time deposits @
Measures (seasonally adjusted):
M1 .
. „,
M2
,„„.„
M3
L (M3 plus other liquid assets) "Z.
Components (seasonally adjusted):
Currency
Demand deposits
Other checkable deposits ++
Savings deposits
Small time deposits @
Large time deposits @
260.4
287.0
783.4
3,130.3
3.990.8
4,7922
8
3,2932
4,091.4
4,929.6
217.6
280.4
278.1
79.2
277.1
476.3
405.4
1,109.0
565.3
2355
277.5
2912
81.1
332.0
501.1
410.9
1,155.7
533.9
287.0
271.9
817.6
818.9
814.5
3.310.4 3,317.1 3,322.1
4,1082 4,107.2 4,106.5
'4.932.7 '4,954.4 '4,9515
239.4
276.8
289.4
82.9
334.6
241.0
2782
291.1
81.7
3392
1,1602
530.4
1,1595
524.3
4
242.8
278.0
288.4
83.9
341.1
'•^918.2
1,1612
518.3
844.3
826.1
3,327.7 3,342.3
4,116.0 4,123.8
'4,965.7 '4585.8
8332
3,342.1
4,1305
'4,999.9
823.4
3,345.9
4,1485
'5,001.3
249.6
289.9
297.0
74J
3455
249.6
277.7
297.9
72.0
3542
252.7
'268.0
294.9
71.0
362.3
255.6
270.1
3015
70.1
370.0
'Igi75 "925.4
1,164.7 1,163.8
5095
5142
"942.5
836.4
826.7
3.331.8 3,3552
4,124.7 4.1605
'4,983.7 '5.010.7
245.7
280.5
291.9
782
343.4
4« 4 ,
1,159.8 1,1602
515.9
507.1
825.4
821.2
821.8
816.5
823.3
3.309.7 3,3215 3.324.7 3.324.0 3.3282
4.103.3 4,109.0 r 4.109.4 4,108.9 4.111.8
"4,934.5 '45555 4.955i ' 4,960.9 "4,9672
238.4
278.0
292.1
"918.6
1,158.3
5292
2415
279.1
293.0
"919.6
1,160.1
521.9
243.9
277.1
291.8
"9182
1.161.4
515.1
245.0
2772
292.8
"917.8
1,161.8
512.5
246.4
276.9
293.7
"916.7
1,164.2
507.1
2915
286.7
251.6
272.9
293.9
"917.1
1,1635
511.9
255.1
276.1
2965
"9265
1.162."
516.0
835.0
852.8
3,375.1 3.397.9
4,168.3 4,1805
•5,008.3 '4,988.6
'841.5
3,376.6
4,155.1
'4.941.1
'857.6
'3,395.0
'4,161.4
'4,970.7
861.9
3,395.1
•4,1522
•4,977.3
8642
3,393.3
•4,151.8
4575.7
8672
3,387.3
4,136.8
256.0
277.6
311.7
70.8
3685
257.4
271.5
304.9
69.7
3605
259.1
279.6
310.8
69.3
358.0
2605
'280.6
311.9
'66.6
'262.0
278.7
3145
'69.6
351.6
1,129.8
O
1,122.1
'489.6
1,112.4
'485.
2615
2785
318.6
68.6
349.3
3
()
1,000.3
1,102.0
478.0
851.6
842.1
843.0
3,375.9 3,384.3 3,397.2
4,169.0 4,171.3 4,173.9
'5,010.1 '4.977.3 '4,956.3
858.4
3,402.1
'4,1665
'4,980.3
'859.6
'3,3915
'4,149.4
4584.4
'3.3925
'4,146.6
45772
2565
257.6
281.0
'3115
"981.0
1,129.1
'498.8
258.9
'2785
314.1
"990.0
'1,118.6
'491.1
262.4
'260.8
279.4
2795
320B'
'318.0
" 9 9 6 2 ''1.002.7
1.110.3 1,102.3
'4845
475.8
1.1575
510.9
256.7
277.1
301.0
"939.7
1,158.3
511.5
4
1,150.3
504.4
256.6
275.8
301.9
"953.8
1,1502
507.3
1,140.0
503.4
278.7
308.1
"969
1,140.5
503.9
4»
870.3
3,392.3
4.139.1
PROFITS AND DIVIDENDS (QTRLY.)
[Millions of dotlais]
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, day, 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 ....
136,490
16.545
1,416
7,047
24,523
19,512
1,968
3,785
1,512
5.515
9.666
9,663
112,611
16,061
422
4,844
23,367
17,580
1,106
2,410
577
4,721
11,156
7,186
'29,570
'5,117
'1214
'6254
'5.061
'564
'689
'319
'1278
'2.576
'2,015
'18.772
'2295
'-20
'614
'5,316
'4,843
'-474
'170
'-521
'491
'3,347
'309
4,315
8.349
22,674
65244
4,921
-582
17,829
63,815
'1,588
'-1,933
'4,692
'14,759
'870
'-2,105
'3.637
'15,958
125,047
29,002
127,971
34,332
11228
7,478
14,066
1227
8296
1,119
10,332
2,360
14.397
1,977
'7,800
'1,806
'2,277
34,320
28210
30,350
29.640
28,650
27,820
28210
27^90
28.860
7.040
18,505
8.050
19285
7,140
16,745
7285
16.185
7,245
15320
7.300
17,025
8,050
19285
7,435
18,825
7.190
19,435
66.0
65.5
64.8
64.8
672
67.6
67.6
8,83627 10,892.70
977.60
675.60
794.07
820.3:
'136
22,982
5.160
202
792
18,321
4,992
-10
868
5272
4,889
-542
5,367
2,59
98
355
-55
467
-259
502
-1,240
1506
90
1373
2,215
940
-1,976
2,545
14,594
1.496
-1294
4,459
14,874
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
'11.477
' 1.908
'11,935
'1,986
'15,437
'1,750
'16,411
'10.68
12,849
5.781
17,665
6.628
SECURITY MARKETS
[Millions of dollars, unless otherwise ifticated]
Stock Market Customer Financing
Margin credit at broker-dealers, end of year or month .....
Free credit balances at brokers, end of yea; or month:
Margin-account
Cash-account .
Bonds
Prices:
Standard & Poor's Corporation, domestic municipal (15
bonds), dol per $100 bond
Sales:
New York Stock Exchange, exclusive of some stopped sales,
face value, t o y .......
See foorotes at end of tables.
1.074.1;
67.
1,689.11
1248.1-
1,094,
665
1,002.50
854.
924.05
12,864
2.801
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated in footnotes below, data through
1988 and methodological notes are as shown in BUSINESS
STATISTICS, 1961-68
Annual
1989
|
October 1991
1991
1990
1990
Aug.
Sept.
Oct.
Dec.
Nov.
Jan.
| Feb.
Mar.
Apr.
May
| June
|
July
Aug.
Sept
FINANCE-Conllnued
Bonds-Continued
[Percent}
Yields:
Domestic corporate (Moody"s)
By rating:
Aaa
Aa
_„
A
Baa
9.66
9.77
9.84
10.02
10.03
9.85
9.63
9.62
9.36
9.43
9.33
9.32
9.45
9.42
9.16
926
9.41
9.63
9.89
10.41
956
9.30
9.59
9.88
10.62
9.05
9.39
9.64
10.43
9.04
9.34
9.61
10.41
8.83
9.16
9.38
10.07
10.09
921
950
8.86
9.12
9.29
9.94
8.86
9.15
9.41
9.86
9.01
9.28
9.55
9.96
9.00
9.77
10.09
10.64
9.53
9.77
10.06
10.74
8.93
9.46
9.74
10.18
9.32
9.56
9.82
10.36
9.51
9.89
8.75
8.99
9.26
9.65
9.66
9.66
9.77
9.76
9.63
9.84
10.02
10.01
10.11
9.94
9.93
9.76
9.68
9.57
9.68
9.56
9.41
9.31
9.47
9.39
9.35
9.30
9.34
9.29
9.46
9.44
9.42
9.40
9.16
9.16
723
7.31
925
By group
Industrials
Public utilities
0)
Rai'roads
Domestic municipal
725
7.47
7.31
753
743
708
714
700
701
714
701
7.40
7.40
7.10
7.04
7.05
6.90
7.07
7.05
6 97
6.95
7.13
7.09
7.00
7.03
6.85
6.89
6.73
7.24
8.58
8.74
8.97
9.11
8.93
8.60
8.31
8.33
8.12
8.38
829
8.33
8.54
850
8.17
7.96
966.86
2.508.91
205.72
1,194.30
965.24
2.678.94
211.53
1,040.24
934.30
888.98
2,681 .B9 2550.69
19983
210.09
881.31
951.11
868.89
2,460.54
20718
850.77
881.98
2.518.56
21026
848.07
916.30
2,610.92
21055
908.43
922.30
2,587.60
20527
J
962.42
1,022.63
2,863.04
213 69
1,11026
1,034.12
2,920.11
21315
1,11324
1,043.14
2,925.53
214 36
1,139.05
1,04929
2,928.42
21118
1,167.55
1,062.35
2,968.13
20462
1205.08
1,060.65
2,978.18
199.64
1.204.56
1,069.71
3,006.08
204.42
1204.66
1,067.44
3.010.35
208.03
1.182.39
industrial, total (400 Stocks) #
Capital goods
Consumer goods
Utilities (40 Stocks)
Transportation (20 Stocks), 1982*100
Railroads
322.84
37028
276.70
398.17
132.16
271.78
197.31
33459
390.88
282.47
433.92
140.16
254.32
202.85
330.75
390.78
281.47
437.65
132.76
240.08
204.55
315.41
372.81
260.28
414.03
130.33
224.76
191.84
307.12
361.00
241.70
408.36
137.91
216.47
169.59
315.29
369.35
249.94
424.91
141.58
218.87
183.63
328.75
384.75
266.73
450.62
144.46
232.89
195.87
325.49
382.78
267.72
443.65
138.38
241.37
197.92
36226
427.94
309.18
504.43
143.19
270.36
218.40
372.28
441.87
308.68
528.29
142.84
267.91
214.22
379.68
450.17
306.43
546.89
143.13
273.89
222.37
377.99
450.05
302.67
543.40
138.66
284.72
233.56
37829
450.87
309.36
54025
135.73
29623
246.13
38023
453.38
30625
547.98
137.75
294.32
247.47
389.40
46326
309.28
576.51
140.88
295.57
258.97
38720
459.11
303.57
567.52
142.84
295.12
264.41
Financial (40 Stocks), 1970-10 (subcategones m
1941*43=10)
Money center banks ....
Major regional banks ...
Property-Casualty Insurance
3024
116.14
122.18
326.34
26.12
8550
95.53
342.56
24.86
80.78
89.52
325.99
22.57
72.86
79.30
304.77
20.07
58.25
63.41
28256
21.52
65.88
74.90
322.57
23.53
75.38
83.51
343.99
2320
70.42
79.10
341.84
27.75
82.99
99.77
391.74
23.64
81.17
102.97
394.93
3027
88.43
109.72
41025
29.81
90.36
114.71
383.37
30.18
94.36
118.00
384.04
29.89
91.89
116.79
387.98
31.48
98.94
129.37
369.58
31.43
97.57
125.96
360.16
180.02
21623
17528
87.43
151.88
183.46
225.78
158.62
90.60
13326
181.46
226.73
147.41
85.81
128.14
17324
216.81
136.95
83.30
118.59
168.05
208.58
131.90
8727
108.01
17221
212.81
132.96
89.69
113.76
179.57
221.86
141.31
9156
122.18
177.95
220.69
145.89
88.59
121.39
197.75
246.74
166.06
92.08
141.03
203.56
255.36
166.26
92.29
145.41
207.71
260.14
166.89
92.92
152.63
206.93
260.13
170.76
90.75
151.31
207.31
261.16
177.04
89.00
152.31
20829
262.48
177.15
90.05
15159
213.33
26821
178.51
92.38
157.69
212.54
26621
177.99
93.71
157.68
437.80
428.38
504.75
457.08
191.02
16751
40921
43057
471.43
319.03
179.36
170.17
396.32
423.90
46022
293.84
173.54
167.45
368.58
394.25
432.85
271.42
161.35
155.69
338.01
360.41
391.57
246.09
148.09
142.51
347.69
37324
413.86
246.60
152.62
14850
37021
400.89
449.44
255.16
163.42
16024
376.68
41ZB3
448.96
254.05
166.62
165.44
442.59
491.45
50923
291.19
196.23
197.17
469.10
527.06
532.17
303.59
207.51
210.74
496.32
558.44
562.43
325.16
219.21
222.97
490.93
545.97
554.37
329.81
216.55
217.43
490.38
545.84
546.64
329.37
216.34
217.40
489.34
544.01
54150
324.18
215.87
216.61
513.25
570.78
542.98
339.54
225.77
227.68
520.56
582.35
538.78
342.02
229.72
231.95
3.45
3.01
6.39
2.14
3.73
9.04
3.61
3.16
5.91
3.85
3.33
6.36
2.96
6.14
9.05
4.01
3.51
6.02
3.74
3.31
5.73
2.87
4.96
8.72
3.82
3.36
6.07
2.81
5.03
8.71
3.35
2.93
5.84
2.47
4.02
8.46
3.26
2.84
5.88
2.50
3.81
8.55
3.19
2.77
5.88
2.42
3.57
8.43
3.23
2.79
6.09
2.33
3.71
3.20
2.76
6.11
6.27
8.96
3.91
3.45
5.89
3.17
5.54
8.88
323
4.82
6.96
3.65
3.16
6.17
2.63
5.05
8.97
821
826
3.70
8.15
3.10
2.67
5.99
2.19
3.45
8.03
1,844,848
54239
1,611,667
53.338
177,524
5.449
96.201
3271
132,968
5,581
116,867
4200
122,918
4,312
111,171
3,950
165,070
5550
168,715
5,574
159.472
5205
149.994
4,677
138210
4286
134,465
4,353
156,668
4,923
1,576,899
44,140
1,389,084
43,826
152,819
4,402
83,385
2,665
116,348
4,800
99.541
3,463
107,530
3,557
95,441
3258
142,066
4,610
145,301
4,543
137,534
4247
128,620
3,852
120260
3,548
116,659
3,610
133.673
4,010
Bond Buyer (20 bonds)
Standard & Poor's Corp. (15 bonds)
U.S. Treasury bonds, taxable t
Stocks
Prices:
Dow Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
Transportation (20 stocks)
Standard & Poor's Corporation, 1941^3^10
otherwise indicated. §
unless
Combined index (500 Stocks)
N.Y. Stock Exchange common s t x k indexes, 12/31/65*50;
Composite
,
Industrial
Transportation
Utility
Finance
NASDAQ over-the-counter price indexes
Composite, 215RU1QQ
Industrial
Insurance
Bank
NASDAQ/NMS composite,
7/10X4*100
Industrial
Yields (Standard & Poor's Corp), percent
Composite (500 stocks) O
Industrials (400 stocks)
Utilities (40 stocks) ..
Transportation (20 stocks)
Financial (40 stocks)
Preferred stocks, 10 high-grade
Sales:
Total on all registered exchanges (SEC):
Market value, mil. $
Shares sold, millions
On New York Stock Exchange:
Market value, ml $
Shares sold (cleared or s&til&S)"millions
"..
JM6W Turn oIOCK tXCnange.
Exclusive of odd-lot stock sales (sales effected), missions
NASDAQ nvpr-the-Cfluntpr1
Market value mil $
Shares sold millions
Shares listed, NYSE, end of period:
Market value, all listed shares, bil. $
Number of shares listed, millions
„
256
Z95
2.79
623
224
3.68
226
41,699
39,665
4,015
2.686
3,671
3,148
3,109
3,636
4273
3,900
4,011
3,742
3259
3.458
3,773
431 381
33)530
377468
27)894
44,058
26,152
33,380
2)695
28,252
2,378
30,127
2)495
45,375
2)925
56,767
3)313
55,754
3)585
66,434
4J14
55,906
3)378
45976
2)854
50,781
3)098
57699
3)346
3,029.65
82,797
2.819.78
90,732
2,758.95
88,782
2,617.45
89,488
259125
90,079
2,747.59
90,345
2,819.78
90,732
2.927.78
90.772
3,137.60
91,096
3209.91
91,851
3,229.47
93,579
3,360.17
94204
3216.19
94,821
3.381.44
96,174
35,573.1 •33,506.7
34,974.6 '35227.1
VALUE OF EXPORTS
[Millions of dollars]
31,486.6
32,0102
35295.9
35,006.3
33,6892
34,194.3
32.922.8
33.305.1
33,150.1
34,144.0
32.682.8
33.599.4
36,797.0
34.030.7
36,110.4
35,632.1
36,135.6
352712
Western Europe
European Economic Community...
Belgium and Luxembourg
9,014.1
9,322.0
8.092J
955.8
1,150.0
1.470.3
668.0
1,202.2
1.847.1
10.3357
8,770.1
923.9
1208.4
1,817.7
769.7
1.176.7
1.976.8
9,461.3
8,319.9
923.4
1244.3
1,651.0
641.3
1,087.5
1,851.3
9,517.7
8,307.2
970.1
1,320.7
1,653.0
664.4
1,169.9
11.837.0
10,134.9
1,1102
1,567.5
1,919.2
842.0
1212.9
2226.3
10,882.8
9,383.3
979.3
1,391.4
2293.4
720.7
1,124.7
1.914.9
10.087.8
8.753.7
9042
1217.3
1,779.5
788.3
1,355.9
9,786.2
8,620.7
863.7
1,1805
1,788.5
654.1
996.3
1,728.4
9,984.9
8,766.1
938.9
1,353.4
2
1.630.8
663.0
1,089.9
2223.9
982.8
1,997.7
8.984.9
7.9562
792.7
1.238.1
1,940.9
580.3
929.9
1579.1
138.9
78.9
157.9
84.8
277.3
143.3
259.5
147.5
286.4
216.9
478.4
3885
6082
504.6
433.8
304.3
248.2
155.3
260.8
117.0
278.7
203.7
France
7,802.0
921.6
1282.1
1,427.8
,.
Federal Republic of Germany
Italy
Netherlands
United Kingdom . ! . „ " ! . " ! " . . . . . ! " " " " "
Eastern Europe
Union of Soviet Socialist Republics ...
See footnotes at end of tables.
190.0
50.3
7875
55614
3233
3,455.05 .„,„
96221
FOREIGN TRADE OF THE UNITED STATES
Exports (mdse.), ind. reexports, total @
Seasonally adjusted t
tmt
33,375.5
34,165.4
8.626.4
7,514.3
918.0
1,1152
1,511.6
570.9
888.4
1,7272
321.7
233.8
SURVEY OF CURRENT BUSINESS
October 1991
Unless otherwise stated in footnotes below, data through
1988 and methodological notes are as shown in BUSINESS
STATISTICS, 1961-88
1989
S-17
1990
Annual
1990
Aug.
|
Sept.
Oct.
1991
|
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
|
May
|
June
July
I
Aug.
Sept
FOREIGN TRADE OF THE UNITED STATES-Continued
VALUE OF EXPORTS—Continued
[Millions of dollars]
Exports (mdse.), inct. reexports—Continued
Western Hemisphere:
Canada 0
Brazil
Mexico
Venezuela
78,808.9
4.803.9
24,982.0
3,0252
83.865.5
5,061.9
28,375.3
3.1072
6,683.0
512.9
25195
278.4
6.4475
4742
2.370.4
279.6
7,455.8
497.6
2,779.5
287.6
7.359.4
461.8
2,5037
303.0
5,943.0
444.0
2226.8
3262
6,777.9
348.3
2,400.7
2962
6,3695
388.3
2.355.6
315.0
7,085.4
421.3
2,346.8
358.9
7,604.0
460.6
2,763.9
399.0
7,679.1
495.4
2,843.8
4017
7,451.4
4657
2.866.4
4245
"6,473.6
537.8
2,922.9
416.4
6,763.6
6197
2,842.8
370.3
Asia:
China
Hong Kong
Japan
Republic of Korea
Saudi Arabia
Singapore
TaiwaV
5755.4
6246.3
44.493.7
13,478.0
3,573.6
7,3447
11,334.5
4,8072
6,840.6
48,584.8
14,3987
4,034.8
8.019.1
11,482.3
422.7
519.5
3,917.6
1,198.6
356.3
746.1
908.4
354.8
595.8
3,992.0
1,109.0
288.8
793.5
874.1
4527
526.7
42502
1,337.1
489.9
704.8
9712
329.9
527.8
4,350.5
1270.4
436.2
6392
962.4
372.8
542.1
4.370.8
1,181.3
477.1
671.9
9832
411.0
715.8
3,8195
1,4617
509.5
794.0
1,015.6
486.3
590.9
4,263.0
1231.0
392.7
776.7
1,020.2
472.9
6297
4240.5
1,352.0
627.6
847.1
1,037.0
437.5
748.0
3,907.9
1,2442
582.7
656.7
S87.8
630.9
645.8
4255.9
1,365.7
507.3
8107
1,069.2
505.8
610.4
3,958.8
1,173.5
4922
914.4
1,183.8
5385
580.6
3,851.3
1281.6
4972
666.1
1,171.3
560.1
7887
4,020.8
1,163.0
4822
592.8
1205£
490.3
1,659.4
5515
1.732.4
437
157.2
35.1
1432
552
149.2
732
1362
532
136.5
557
258.8
51.1
134.3
58.9
170.8
602
161.1
54.5
152.6
857
270.3
63.4
1452
682
173.8
Africa:
Nigeria
Republic of South Africa
8,331.3
8,534.7
883.1
625.4
608.4
580.3
955.9
6035
7065
592.3
599.1
5815
739.1
756.7
726.8
13.195.9
13,678.7
1,127.6
9552
1,310.0
1.291.9
1,326.9
1281.3
1254.1
1.5942
1,594.1
1.572.8
1,5432
1.636.9
1.448.4
349,6505
375,4542
30,153.4
30.028.5
33.755.3
32249.6
31,461.3
31.5262
31.138.B
34.782.4
34,433.1
34,398.6
33,869.6
31,887.0
31,698.1
40.003.9
314,551.0
29.723.8
5.509.8
26,946.7
9,865.3
1,3497
36.485.1
27242.8
' 32.637.5
1487999
'23,6102
38,783.4
341,914.0
29,280.0
7,118.6
26,984.9
12.174.8
1,190.6
38,983.3
31,670.3
39,285.3
172 521 9
26,656.3
2.893.5
27,3422
2,497.1
549.7
2,153.6
1,057.3
97.5
3,234.4
2,619.6
3,187.0
13592 8
1,956.2
3,031.7
2.734.4
30,153.4 30,488.9
2,456.3
2,190.6
766.4
533.3
2,121.8
1,957.0
1,299.5
1,176.0
65.5
100.8
3,615.7
3,125.3
2,921.8
2,579.8
3,4955
3,319.9
13 779 5 154108
2523.8
1[9852
3,116.7
3,456.2
28,215.9 28.496.1
2.083.9
2,473.5
776.7
744.4
2238.8
22915
1,393.9
1.2162
81.7
80.0
3298.3
3 3202
2,520.1
2,774.0
3,336.0
3.326.6
13.877.6 14 020 0
1.5332
3.164.7
28,543.8
2,126.5
765.0
22892
1,2057
875
3,5502
2,8127
3,2675
14269 0
2[1675
3.434.9
27,687.3
2.538.6
646.6
2,358.1
1.3047
75.6
3.591.6
2,753.6
3209.3
132165
1,880.0
3,580.1
31.164.5
2,621.6
649.0
2.469.5
938.4
86.8
3,923.4
2.914.0
3,659.8
16176 6
2,310.5
3,084.5
31.271.6
2,303.3
549.9
2,197.8
732.4
107.1
3,848.4
3,108.9
3.625.0
164194
2[571.6
2.788.0
2,8665
2,586.4
3,030.1
31,402.6 31,159.8 29,035.9 28,910.1
2,462.4
2,1047
2.476.8
2285.9
498.3
451.8
6192
461.1
1,817.7
1,861.8
1,980.8
2,237.3
970.6
924.8
956.0
1,066.5
99.3
126.8
67.8
77.1
3,4695
3,4397
3913.6
3,4552
3,0597
3,065.0
2,960.6
3.146.8
3,498.3
3.519.4
3.683.3
3,644.9
16 0669 16,732.9 147028 14 3027
1 [993.8 1,988:9
2,696.9
473,210.9
494,9032
42,178.9
422827
41,059.1
41,253.9
48,100.5
45,993.9
43,684.9
43,106.0
39.152.4
39,582.1
40,167.3
41,474.4
37.0155
39,103.4
38,6702
38,100.4
39.529.0
40.139.1
40,1212
40,0615
39,4345
38,7637
41282.6
41,176.3
41,0366
40,9228
101.763.6
85,1532
4,555.0
13,013.4
24,832.3
11,933.1
4,809.6
18.319.1
108,901.1
91,8675
4,578.5
13.124.0
28.1087
12,7233
4,971.9
202882
8,692.3
7,530.9
285.9
951.1
2.4757
12017
408.1
1,511.8
8,128.9
6,764.5
347.7
996.8
2.061.3
748.2
375.6
1,711.4
10,617.1
9,002.4
468.9
1.461.0
J
2.522.9
1,173.1
447.5
2,1832
9,735.9
8,141.7
389.1
1,149.8
2,387.4
1,1445
433.6
1,971.4
8,734.7
7.483.5
342.0
1.0377
2.312.9
955.7
3702
1,789.8
8,360.0
6,9792
349.5
1,066.3
2,073.4
961.7
318.4
1,559.0
8.1545
6,8915
323.8
1,027.0
2215.8
973.1
334.8
1,4272
8,6572
7,316.4
364.1
1,1167
2,369.9
974.4
3862
1523.6
8,775.4
7,371.4
397.8
1,161.9
2,304.2
934.9
381.8
1,567.4
8,767.7
7,387.0
3655
1,064.5
2,183.1
962.4
407.1
1,701.1
8,053.1
6,751.9
300.5
1,150.8
1,917.1
968.3
335.1
1.476.0
8,999.1
7,750.6
421.7
1,318.1
2.1535
1.1347
432.2
1.602.6
7,9179
6,8662
2173
1.0284
1.975 6
1,064 3
5036
1,4754
2,0642
709.5
2,2752
1,065.4
190.0
87.9
186.0
90,8
257.1
154.6
1927
109.9
213.8
1205
155.3
66.7
141.3
662
2077
118.9
1372
56.6
165.6
82.3
957
23.9
1742
84.4
159 8
827
Western Hemisphere
Canada
Brazil
Mexico
Venezuela ...
87,953.0
8,410.0
27,162.1
6.770.7
91,372.1
7,976.4
30,172.3
9.446.4
7,1582
691.0
2,557.5
744.8
7.598.1
579.1
£590.3
917.3
8,809.9
770.8
3.120.8
1269.6
7.948.0
536.0
Z.7947
1,193.0
6.867.8
631.6
2243.4
929.8
7227.1
6732
2.479.9
906.3
6.875.6
553.8
2236.6
563.6
7,498.0
438.6
2,412.3
633.1
7,892.8
6967
2,682.4
5982
8.036.5
540.3
2,639.9
690.8
7,893.1
510.0
2,5695
592.3
6.914.1
585.9
2,473.1
787.1
7.4800
528
2,660
646
Asia:
China
Hong Kong ..
Japan
Republic of Korea
Saudi Arabia
Singapore ....
Taiwan
11,988.6
9.7387
93.585.8
19.741.8
7.181.3
8,949.7
24,3257
15223.8
9.488.0
89.655.1
18,493.3
9,974.3
9,839.4
22,666.8
1.566.6
916.4
7.697.8
1.717.0
812.8
8797
2,119.6
1.425.0
8267
7,046.7
1,5145
1,162.8
874.4
1,905.9
1.627.6
1.007.9
8,703.3
1.721.9
1,296.6
885.0
2,076.1
1,407.8
808.4
8.1387
1.507.9
1,426.9
844.0
1,833.1
1.127.8
678.3
7,809.5
1,345.9
1,152.6
838.8
1.712.4
1.325.1
806.5
7281.4
1.501.3
12027
795.3
1,877.9
1259.7
6167
7,4222
1,177.9
8705
690.7
1,695.3
974.3
541.1
7,815.5
12332
8505
7975
1,525.0
1.105.6
596.7
7,2552
1,313.7
832.3
782.3
1,7087
1,374.3
6802
6,6877
1,424.4
1,082.7
736.3
1,820.7
1,528.3
736.
7.190.
1,370.
8332
895.
1,876.
1,815.3
909.
7,648.
1.624.
832.
797.
2,0652
1,867
855
7,757
1,486
1,029
793
2.113
Africa:
Nigeria
Republic of South Africa
5,226.4
1,529.0
5,977.2
1,700.6
400.9
140.1
5187
144.4
643.3
156.4
420.6
202.4
405.0
140.4
468.5
170.1
422.1
1445
507.7
149.
4602
161.9
482.9
174.8
476.
149.
501.
153.
5045
137
Australia
3.898.3
4,4417
507.7
426.0
398.8
374.1
3467
395.6
289.0
288.8
336.8
343.0
397.
340.
337
30,601.0
38,017.0
3284.9
3792.6
3,975.5
3,814.1
3,187.3
3297.9
2,580.
2,563.
2.573.
2,945.
2,572.
2.718.
2,858
49,623.9
423 7721
20,6855
4,364.0
15.370.3
52,6487
730.8
20,752.3
61,991.4
76,6392
205.761.0
'69,340.5
61,356.8
4,8675
36,992:
1,6335
417.1
12872
5,115.4
92.3
1,838.3
5.169.3
7.806.4
17.098.1
5.3675
7,298.9
6224.8
34750' 41185'
1 [683.6 17803
484.3
355.8
1282.0
1.138.3
7.621.0
6,469.1
84.3
60.3
2,063.6
1.692.8
5.467.3
4,783.3
8,304.9
6,8825
16,348.1 19.964.9
6.867.8
5.2752
6,358.0
37 5462
1.757.3
490.4
1.197.8
6,616.0
57.4
1.951.4
5,0547
6,882.2
18,398.1
6.3685
52097
34,0815
1.791.8
383.1
1.034.3
5,513.8
63.1
1.778.2
4,432.8
5,7432
17,117.4
5.560.3
i[&83.8
385.4
1,113.4
5,696.0
63.8
1,962.8
4.970.
6,345.
16,256.
5.359.9
1,7542
298.
1.038.
4,072.
70.
1,919.
4.557.
5.978.
16,140.
5.162.
1,885.
336.
1,040.
4,0572
2,011.
4,579.
5,756.
17,484.
5,628.
1,998.
386.
1,157.
4,340.
68.
2,064.
4.930.
5,902.
17,503.
5,510.
1,952.
4162
1.132.
4,926.
74.
2,004.
4,876.
6,198.
16,741.
5,286.
1,862.
368.
1,120.
4,337.
69
1,952.
4,552
6,598
17,157
5,427
1.724.
394.
1,132.
4289.
76
2,075
5,140
7,933
17.1B5
4,980
""*"
1,678
415
1,077
4,890
62
1,918
4,590
7.525
17.489
5.622
-9,1572 -12,0845 -10,5289
-9.0842 -9,896.8 -9.536.4
-6[324.6
-7017
-7,3762
-4.332.
-5.504.
-1.873,
-4,069.
-3,418
-4.507.
-3,985
-4,790
-3,861
-3.789
-7,775
-5,949
-7.661
-6.757
-5.4
31 5
3648
-4.4
312
35.6
Australia
OPEC
Exports of U S merchandise, total @
By commodity groups and principal commodities
Agricultural products, total
Nonagricultural products, total
Food and live animals #
Beverages and tobacco
Crude materials, inedible, exc fuels #
Mineral fuels, lubricants, etc. #
Oils and fats, animal and vegetable
Chemicals
..
Manufactured goods classified chiefly by material
Miscellaneous manufactured articles
Machinery and transoort eouiornefit total
Motor vehicles and parts
.....
_
-
VALUE OF IMPORTS
[Millions of dollars]
General imports, total @
Seasonally adiu&ted t
Western Europe
European Economic Community
Belgium and Luxembourg
France
Federal Republic of Germany
Italy
Netherlands
United Kingdom
Eastern Europe
Union of Soviet Socialist Republics
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, lubncants, etc
Oils and fats, animal and vegetable
Chemicals ...
Manufactured goods classified chiefly by material
Miscellaneous manufactured articles
Machinery and transport equipment
Motor vehicles and parts
21 932 J
4,*633.'1
-14,524.0
64,5615
802.3
22,4682
59,9142
81,477.6
208,0957
69.382.1
.
75.
MERCHANDISE TRADE BALANCE *
[Millions of dollars]
Trade balance:
Not seasonally adjusted
Seasonally adjusted .
............... „
-109,399.3
-101.7182 -10.508.9
-9.352.I
-6211.
[Billions of 1987 dollars]
Seasonally adjusted:
Trade balance
Exports
•••*•••
••• ••
Se« footnotes at end of tables.
«'»•*
-103.67
338.00
441.67
-8524
36680
452.04
-7.96
303;
3829
-6.38
30.0
-6.56
3207
38.63
-6.28
31 0'
37.32
-3.9
311
35.1
-3.35
31 6(
3S.W
-4.0
331
372
-4.4
32 9C
37.34
-3.7
32T
36.*
33
39.0
-6.4
321
388.
-
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated in footnotes below, cafe through 1988
and methodological notes are as shown in BUSINESS STATISTICS,
Annual
1989
1961-68
|
October 1991
1991
1990
1990
Aug.
Sept.
|
Oct. |
Nov. |
Dec.
Jan.
Feb.
| Mar.
May
Apr.
| June
July
|
Aug. | Sept.
FOREIGN TRADE OF THE UNITED STATES-Contlnued
Export and Import Price Indexes *
[1935-100]
All exports...
Agricultural exports
Nonagricultural exports
.
'.
.........„.„..„
!Z..!...." ....
AH imports
Petroleum imports
. ..
Nonpetroleum imporjs ............. .
Shipping Weight and Value
Waterborne trade:
Exports (inct. reexports);
Shipping weight, thous metric tons ..
Value mil $
General imports:
Shipping weight, thous. metric tons
Value, ml f
..
......
...
115.1
107.8
116.4
1235
762
132.0
114.8
108.1
116.0
123.3
75 7
131.7
114.7
107.9
116.0
1224
732
131,1
113.9
103.8
115.7
121.6
719
130.5
34.28
59.E
4,402
17,518
12873
1,277
229
18903
-i!339
35.20
632
4,451
37.47
63.4
4,729
40.84
66.7
5,101
44.03
68.0
5,426
2325
349
95
27.16
399
112
13,506
14 254
-747
27.37
387
110
27.80
9.08
8.28
358
445
37
67
4,659
5.456 ,.,„„.„
-632
527
372
32
7.13
423
39
4,012
4,649
-592
7.83
397
37
9.67
737
699
760
725
122.3
832
1292
114.3
107.0
115.7
126.3
1044
130.2
115.0
104.8
117.0
130.1
126.3
130.8
115.2
104.4
117.3
1294
1195
131.1
114.9
104.4
116.9
1288
1109
132.0
115.3
105.9
117.1
127.1
991
132.1
1152
106.3
116.9
124 6
806
132.5
115.1
106.5
116.7
124,5
772
132.9
372,052
150.737
32,089
12,194
28,808
11,812
30,134
13,383
32,540
13275
29,766
13,119
29,565
13,124
33,395
13,474
32,963
14232
495,239
283,392
41,398
24,705
40,086
23255
43,776
28,009
37,951
24,901
33.830
22,318
36,184
23,751
31,002
20,615
32,371
20.668
33.50
36.18
56.S
59.6
4242
4,710
19116
14293
1,505
282
......
21 488
-3.647 .................
28.52
562
3,700
27.10
403
178
14,456
16032
-3,015
25.21
369
129
112.8
114.3
112.9
113.8
108.8
114.9
113.6
107.1
114.9
119.4
70.9
128.0
123.2
87.4
129.5
381,099
143,184
493.864
270,633
114.3
107.1
115.5
122,0
74.8
130.4
1142
105.8
115.6
122.4
759
130.7
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Certificated route earners:
Passenger-miles (revenue), blhons
Passenger-load factor, percent
Ton-miles (revenue), total, millions ..„
Operating revenues (quarterly), ml. $ 5 .„
Passenger revenues ml $ .
Cargo revenues, ml S
„
Mail revenues, ml $
„„
„
Operating, expenses (quarterly) ml Si
Net income after taxes (quarterly), ml $ §
Domestic operations:
Passenger-miles (revenue), billions
Cargo ton-miles, millions
„
Mailton-miles,mitliofs
Operating revenues (quarterly), ml $ 5
„...
Operating expenses (quarterly), mil $ §
Net income after taxes (quarterly), ml $ §
International operations:
Passenger-miles (levenue). billions
„...
Cargo ton-miles, millions ...
., ..„.„,»..
Mailton-miles,miBions
Operating revenues (quarterly), ml $ 5
Operating expenses (quarterly), ml $ §
Net income after taxes (quarterly), ml. $ §
Urban Transit hdustry
Passengers carried, total, millions t t
Uotor Carriers
Carriers of property, large, dass 1, qtrly.:
Number of reporting carriers number
Operating revenues, total, ml $
Net income, after extraordinary and prior period charges and
credits mil $
Tonnage hauled (revenue), common and contract carrier
service, ml 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 i
Financial operations, quarterly (AAR), excluding Amtrak:
Operating revenues, total, ml $ *
Freight mil $
Passenger, exd. Amtrak, ml S
„
Operating expenses, ml $ ,
„
... ..„.,.,.„.„..
Net railway operating income, ml $
Ordinary income, ml S t.....
„.....«
Revenueton-miles,qtrty. (AAR), billions
Producer Price Index, line haul operations, 12B4=1Q0
Travel
Lodging industry:
Restaurant sales index, same month 1967*100
Hotels: Average room sale, dollars 0
Rooms occupied, % of total
Motor hotels: Average room sale, dollars 0
. . .
Rooms occupied, % of total
Economy hotels: Average room sale, dollars 0
Rooms occupied, % of total „
Foreign travel:
U.S. citizens: Arrivals (quarterly), thousands
Departures (quarterly), thousands
Aliens: Arrivals (quarterly), thousands ....
Departures (quarterly), thousands - .
Passports issued, thousands
National parks, recreation visits, thousands**
See footnote ai end of taifes.
432.71
632
55,458
69,225
53,796
6.893
955
67413
39
58,395
75.967
58426
5.435
970
77881
-3,994
329.3
4,916
1,415
54,314
5246C
304
34022
5,076
1,490
57,991
59 004
-3,440
102,74
5.35S
464
14,911
14,954
-265
36.81
60.1
4,749
20,128
15635
1,344
228
19820
-212
37.80
602
4,943
33.81
455
121
2624
436
114
14,803
1477C
-561
28.25
46£
128
26.64
440
128
1328
117.70
456
5,524
40
514
17,976
18,878 „.„.
-554
10.57
476
41
5.326
5,050
349
9.55
523
45
8.15
508
53
746
732
817
457.92
47.09
712
5,782
8.195
8,962
10C
' 19,750
100
21810
10C
5621
34.79
58.S
4,608
....
755
712
. ...
100
5762
„,.„„„
................
419
115
410
39
„,
734
29.58
424
108
31 .S3
412
106
1126
446
39
12.41
466
38
,
,..,„..,
678
100
5030
100
5 446
'355
442
145
86
8
118
'175
172
43
44
42
46
168.5
174.9
'27,956
'27059
' 91
'25.038
1,896
'2.010
'28.516
'27616
'94
'24.736
'2,676
' 1.953
1.013.8
106.4
1,034.9
1075
v
107.3
224
87.02
71
48.82
75
39.92 ,
79
245
87.77
68
46.97
66
38.57
66
'18,120
'17.603
'15.099
'13,550
3.691
56,422
183.4
'19,505
'19,022
'16,908
'15,024
3,689
56.948
„„..„,
„
284
10.134
1742
182.6
177.3
7,110
6891
24
6,089
710
595
258.3
107.3
163.2
180.3
7,098
6668
24
6242
174.1
1662
491
108.5
258.8
108.5
108.6
176.9
2542
109.5
108.9
' 172.9
'193.3
6,842
6617
24 """
6.659
155
76
6,778
6554
23
6,188
380
430
......... ....
529
108.3
180.1
„.„
109.5
'109.6
251.7
109.5
,
193.6 ................
*'" ................
3
73.0
109.9
2
100.0
109.4
'79.6
109.5
•
6.022
5,562
5,300
4,705
213
6,705
..._.„
................
„,..
„,„„
228
4,453
196
2.413
4,128
4,335
4.091
3,726
174
1,390
3
1,452
3
1,157
2
1,180
'1261
237
'1,456
2973
'959
'790
198
'1,730
2
1,328
*1 1.286
1,230
2
966
268
'2,131
1
1,362
S
1 334
3
1,198
2
1.091
351
'3,192
t
,..:.. ..^-.,.
4
nn
335
'5,178
329
'7,707
....... .....
315
249
10,767
'11,019
M
249
SURVEY OF CURRENT BUSINESS
October 1991
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in BWSINESS STATBT1CS,
1989
1961-33
|
S-19
1990
Annual
1990
Aug.
Sept.
|
Oct.
1991
Nov.
|
Dec.
Jan.
|
Feb.
|
July
Uar.
I
Aug.
1 Sept.
TRANSPORTATION AND COMMUNICATION-Continued
COMMUNICATION
II1
Telephone carriers:
Operating revenues mil $ # ..
Station revenues, mil. $
Tolls message mil $
Ooeratina exoenses (exdudiro taxes) mil $
Net operating income (after taxes) mil $
Access lines millions...
:
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
inorganic Chemicals
[Thousands of short tens, unless otherwise indicated]
Production:
Aluminum sulfate, commercial (17% A I A )
Chlorine gas (100% O )
Hydrochloric acid (100% HCl) ...
Phosphorus, elemental
Sodium hydroxide (100% NaOH)
Sodium alicate, anhydrous
Sodium sulfate (100% Wa*SO<) .
Sodium tripdyphosphat© (100% Na5PAo)
Titanium dioxide (composite and pure)
1,244
11,413
3,177
353
10.492
873
755
560
1,110
1,208
10,943
2,341
356
11,688
879
733
532
1,079
112
922
169
29
992
75
57
47
100
919
164
29
992
77
56
53
75
107
926
195
31
987
79
63
44
81
96
903
191
31
971
78
63
46
79
93
958
196
28
1,027
74
74
43
98
Sulfur, native (Frasch) and recovered
Production, thous. metric tons....
Stocks (producers1) end of period, thous. metric tons
10,398
1,302
10.255
1,422
912
1.191
1,287
1,381
868
1,371
1,422
16,362
7,871
2,347
8,349
2,913
11,737
43,301
16,958
7,107
2.495
7,749
2,853
12,175
44,281
1,395
495
214
561
206
1.033
3.776
1,334
520
205
615
223
1,029
3,750
1,418
566
191
633
235
1,037
3,655
1,427
602
193
656
238
1,037
18.128
942
5,745
18.887
738
5.700
1,576
564
663
1,576
604
308
1,667
663
418
1,631
784
441
1,700
738
549
5.445
207,806
744,068
451,802
5,335
187,929
791,020
470,582
494
16.646
66,776
41,054
14,956
65,145
40,109
485
14,157
67,891
41,492
441
14,972
68,293
38,878
449
15,266
67,883
38.243
'10.
'132.3
'2,673.2
293.3
'3,704,5
'416.1
M2.8
1
124.3
'2,908.5
286.5
'3,6222
'426.7
299
2,715
642
80
2,946
211
171
118
269
8
2,795
6
668
tf
*3.013
«216
806
1,581
1,521
776
1,474
813
1,425
800
1,481
837
1,459
Inorganic Fertilizer Materials
[Thousands of short tons, unless otherwise indicated]
Production:
Ammonia, synthetic anhydrous $
Ammonium nitrate, original solution i
Ammonium sulfate i
Nitric acid (100% HNOj) %
Nitrogen solutions (100% N} $ ...
Phosphoric acid (100% P A ) t .
Sulfuric acid (100% HjSO*) * ....
1,471
610
214
639
265
1,063
3,784
4,419
1,877
592
1,918
829
3,060
10,598
•1,902
•558
•V977
•10J78
Superphosphate and other phosphatic fertilizers (gross weight):
Stocks, end of period
Potash, sales (Ki<5)
.."...""I"..!
„
"!..."..
Imports:
Ammonium nitrate, thous. metric tons
Ammonium sulfate, thous. metric torts
Potassium chloride, thous. metric tons
Sodium nitrate, thous. metric tons .
„
602
•4,811
*692
414
327
740
735
4,813
620
227
"411
"307
<5,498
<150
Industrial Gases
[Millions of cubic feet]
Production:
Acetylene
Hydrogen (high and low purity)
Nitrogen (high and low purity)
Oxygen (high and low purity)
.........
•1.352
•36252
198,552
a
118260
6
Organic Chemicals §
[Thousands of metric tons, unless otherwise indicated]
Production;
Acetylsalicvlic acid (aspirin)
Ethyl acetate
. ....
..........
Formaldehyde (37% HCHO)
Glycerin, refined, all grades, mil. fb. ._.
Methanol, synthetic
Phthalic anhydride .",.,."..".".
*
'.....
........
.1.!..
2.5
33.3
730.9
21.2
952.8
107.5
ALCOHOL
Ethyl alcohol and spirits:
Production, mil. tax gal.
Stocks, end of period, mil. tax gal.
960.1
54.3
94.3
41.3
100.4
37.3
Denatured alcohol:
Production, mil. wine gal.
Consumption (withdrawals), m i wine gal.
For fuel use, mil. wine gat.
Stocks, end of period, mil. wine gal.
514.3
502.2
200.5
24.5
55.5
52.9
50.1
52.3
23.1
11.5
zn
11.9
See footnotes at end of tables.
25.9
25.7
3.3
33.0
738.5
21.6
923.7
96.3
31.6
644.
79.:
839.8
96.7
71/
1,107.3
96.5
236
687
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated in footnotes below, data through
1988 and methodological notes are as shown in BUSINESS
STATISTICS, isst-n
Annual
1989
October X991
1991
1990
1990
Aug.
Sept.
|
Oct.
|
Nov.
|
Dec.
Jan.
|
Feb.
|
Mar.
Apr.
May
|
June
|
July
|
Sept
Aug.
CHEMICALS AND ALLIED PRODUCTS-Continued
PLASTICS AND RESIN MATERIALS
2,141.3
981 1
2,277.8
874.6
2,028.7
822.0
'4,112.9
1,007.3
1.003.1
941.7
!
'8,550.5
'3,524.7
I
^833 6
'7,318.8
'3,039.3
3
3,591.4
'4,002.6
i
i
[thousands of metric tons]
Production:
Phenolic resins........
.
.... .
Polyethylene and copolymers
Polypropylene
„
Polystyrene and copolymers ....
Polyvinyl chloride and copolymers ... „
2,089.6
6305
flBi'i
PAINTS, VARNISH, AND LACQUER %
'1,098.5
'468.0
'367.9
'262.6
'963.1
'386.6
'351.0
'225.6
'1,046.8
'399.3
'394.1
'253.3
'854.9
'3322
'322.8
'199.9
'730.9
'301.0
'266.6
' 163.3
I!!!
'11,761.6
'4,862.1
'4,1105
'2,789.1
iiii
iiii
'11238.9
'4,525.3
'4220.1
'2,4935
Nil
[Millions of dollars]
Total shipments
Architectural coatings
Product coatings (OEM)
Special purpose coatings
'2,467.8
'1,000.3
'953.6
'514.0
3,122.8
1,400.4
1.086.1
636.0
ZZZZ.
zzzz
ELECTRIC POWER AND GAS
,
ELECTRIC POWER
{M^Uons of kilowatt-hours, unless otherwise indicated]
Production:
Electric utilities, totaJ
By fuels
By waterpower
„
„
.........
Sales to ultimate customers, total {Edison Electric Institute}
Commercial §
Industrial §
Z.Z.
Z...
Railways and railroads
Residential or domestic
Street and highway lighting
Other public authorities
Interdepartmental
2.784,304
2,519241
265,063
2,807,058
2,527219
279,839
2,616,251
718,014
905225
5,307
899,573
14,548
69,259
4,324
2,623,733
722,375
907,925
5,335
897,937
14,731
71,084
4,346
731,098
207,157
239,405
1,304
260,423
3,518
18.323
967
645,103
178287
229,732
1,374
213,085
3,954
17,739
931
663,388
177,098
219.440
1,436
242236
4,147
18224
649,177
182,995
230,832
1,324
210,302
3,543
19,338
843
169,117
170,583
50,793
42,059
43,315
43,874
53,583
49,190
4,177
.167
49
54,388
49,912
4,261
167
48
53,878
49,482
4,182
166
48
54,388
49,912
4,261
167
48
10351
4,798
2.323
1,962
1,280
188
47,493
26,172
11,077
6,211
3,449
584
9,846
4,394
2,192
1,997
1,075
188
1,520
382
260
384
462
31
2,690
1259
615
560
203
54
44,672
24,658
10,462
6.0S4
6,209
2,602
1213
1,107
1210
78
12,230
6,901
2,901
1,709
554
165
268,483
247,435
21,048
237,869
220,699
16.971
224,794
206,188
18,605
213.596
193.603
19,993
237257
213,305
23,952
247,984
222,314
25.671
210,496
188,579
21,918
221,117
195,297
25,820
208,936
183.249
25,687
233,991
205,535
28.457
248,165
222,332
25,832
Revenue from sales to ultimate customers (Edison Electric
GAS0
Total utility gas, quarterly (American Gas Association):
Customers, end of period, total, thousands®
Residential
Commercial
Industrial @ .....
ZZ.
Other
Sales to customers, total, M Btu
Residential
Commercial
Electnc generation ................
Other ..*
Revenue from sales to customers, total, mil. $
Residential
Commercial.............. .„..„..
Industrial
....!.
Electric generation ..„
Other ..„
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production mil bbi .
Taxable withdrawals, ml bbl
Stocks, end of period, mil. bt/.
199.14
179.50
14.60
Distilled spirits (total):
Production mil tax gal
Consumption, apparent, for beverage purposes, ml wine
gal
...
Stocks, end of period, mi tax gal.
Imports mil proof liters
..
„
......
Whisky:
Production, ml tax gal.
Stocks, end of period, mil. tax gal. .,..„
Imports, mil. proof liters ..«
'.
Wines and distilling materials:
Effervescent wines:
Production mi! wine gal
.....
Taxable withdrawals, ml wine gal.
Stocks, end of period, mil wine gal.
Imports, ml ttsrs . . —
— 1
................
....................
Stilt wines:
Production, ml wine gal.
_
Taxable withdrawals, ml wine gal.
Stocks, end of period, mil wine gal. „
Distilling materials produced at wineries, mil. wine gal.
Seefootnotesat end of taUes.
„..
203.63
185.56
12.67
18.96
17.40
1424
4.10
9.68
374.41
29.39
425.01
27.26
413.71
291
3/1.63
5.84
365.00
112.89
371.46
426.67
J
3S8.54
77.88
368.85
'223.97
16.08
14.75
13.06
16.62
15.77
13.87
15.44
14.54
13.34
13.97
13.22
12.67
1627
13.80
1354
15.17
13.11
14.11
16.08
14.40
14.15 '
31.10
36.71
48.14
24.72
21.97
26.07
1723
14.82
15.01
18.90
16.77
14.91
19.16
16.93
14.99
19.88
17.88
14.96
• ••»
„„.,„
•
,.
-„-
:::::::
29.76
26.95
22262
26.35
25.50
231.72
3.88
220
21.91
226
2.73
22.18
2.88
4.54
19.77
2.85
425
18.30
1.79
229
17.59
2.96
.88
1659
121
.92
17.60
1.12
1.08
20.48
1.10
1.43
18.56
.13
1.91
19.64
.74
'1.69
17.48
259
1.10
18.81
408.16
413.17
6,305.38
J
242.05
427.15
41725
6,452.54
31.03
33.14
436.40
183.44
32.38
542.55
110.18
34.99
578.33
4225
35.00
575.84
18.63
38.43
576.36
6.45
27.41
550.40
3.36
26.98
53026
4.54
31.93
515.16
4.18
34.01
52256
323
33.23
51821
1.68
32.98
524.02
1.41
30.16
394.36
114.11
108.07
16.08
22.42
29.52
1223
521
3.51
7.30
452
2.75
3.36
1.15
339
„
.«.
-
- ~
SURVEY OF CURRENT BUSINESS
October 1991
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in BUSINESS STATISTICS,
1961-88
Annual
1989
S-21
1990
| 1990
Aug.
1991
| Sept | OcL | Nov. | Dec.
Jan.
| Feb. | M if.
| Apr.
M«y
June | July
Aug.
|
S»pt
FOOD AND KINDRED PRODUCTS; TOBACCO-Continued
DAIRY PRODUCTS
Butter:
Production (factory), mlto.. „ ,
„
Stocks, cold storage, end of period, ml"to".\.
Producer Price Index, 1982-100 ,
Cheese:
Production (factory), totat, ml to.
American, whole milk, ml to.
Stocks, cold storage, end of period, ml to.
American, whole milk, mlto........................ ,..
1,295.4
2562
88.0
1.302.2
416.1
71.3
842
4275
70.1
83.4
412.3
7QJS
106.7
413.6
70.5
110.1
407.6
70.6
1212
416.1
70.6
142.1
470.8
67.0
126.3
5243
67.0
131.6
555.9
67.1
133.7
6193
67.3
126.0
647.5
673
98.3
665.6
673
'6645
703
85.0
6332
70.4
592.0
70.0
5.615.4
2,674.1
328.0
234.8
* 126.6
6,061.2
2,890.8
457.8
3472
495.0
233.3
475.7
358.8
472.6
214.8
459.9
348.7
505.9
232.7
445.4
3383
4955
233.6
4373
334.4
522.1
2482
457.8
3472
501.7
247.1
473.8
360.8
458.0
222.4
450.0
342.6
521.4
250.0
486.4
3802
500.7
2365
509.3
402.4
516.0
2475
509.3
405.6
505.4
2352
5185
411.1
'4895
225.0
5115
'4025
493.7
224.5
494.1
3922
4745
372.0
602.6
58.1
49.5
104.5
43.5
101.9
52.0
842
502
71.7
462
58.1
45.1
735
465
84.5
47.^
86.0
50.6
90.6
46.5
107.1
49.1
109.1
45.1
110.
483
111.1
125,714
89,998
13.73
10,476
7.322
1420
9,973
6,729
13.90
10,223
7242
13.10
10,467
7,369
11.70
10.663
7,755
11.70
9,948
7,190
11.70
11.097
8,069
11.40
10,906
8,107
13.00
11228
8236
11.40
10.573
7303
11.40
M0.472
10316
7,033
12.70
"Tt80
"'1230
175.1
876.6
13.0
62.3
122
522
12.5
54.9
11.8
68.7
812
8.6
82.6
83
775
87.6
9.3
95.1
83
78.6
95
69.8
11.6
563
114.6
122
122.6
13.9
115.3
11.6
115.1
11.3
114.8
11.2
114.6
112
114.6
9.5
955
93
885
10.4
84.4
7.0
675
6.3
693
6.1
68.7
.948
1.063
£83
.863
.855
.849
346
350
344
'.884
395
656
8.945
5.626
3.319
Price, wholesale, Cheddar, single daisies (Chicago), $ per to..
Condensed and evaporated milk:
525.1
Production, case goods, mil. to.
26.6
Stocks, manufacturers', case goods, end of period, ml to.
Exports, Onus, irwtric tons ...„
*13.8
Fluid milk;
Production on farms, mil.to.t
122.531
85,714
wti(LZ£iuon iii ^^3nLjfoOvur&ci ostnf iiyovJtJtrrS tuti jp
13.56
Price, wholesale, U.S. average, $ per 100 b
'.
Dry milk:
Production:
Dry whole milk, (nil.
to.
.....
175.8
874.7
Nonfat dry milk (human food), mil. to.
Stocks, manufacturers', end of period:
13.0
Dry whole milk, mil. to
49.4
Nonfat dry milk (human food), mil. to.
*157.1
Exports, whole and nonfat (human food), thous. metric tons ..
Price, manufacturers' average selling, nonfat dry milk (human
food), $ per to.
354
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat), mil. bu.
Barley:
Production (crop estimate), ml metric tons
Stocks (domestic), end of period, total, ml metric tons
On farms, ml metric tons
Off farms, mil. metric tons
,
Exports, including malt thous. metric tons §
Producer Price Index, No. 2 feed, Minneapolis, 1982.100
Corn:
Production {crop estimate, grain only), mil. metric tons .....
Stocks (domestic), end of period, total, mil. metric tons
On farms, mil. metric tons
Off farms, mil, metric tons ...
Exports, including meal and flour, mil. metric tons
....
Producer Price Index, No. 2, Chicago, 1982*100
„.
Oats:
Production (crop estimate), mil. metric tons
:
Stocks (domestic), end of period, total, ml metric tons
On farms, ml metric tons
Off farms, ml metric tons
Exports, including oatmeal, metric tons
Producer Price Index, No. 2, Minneapolis, 1982*100
Rice:
Production (crop estimate), ml metric tons
Southern States mills:
Receipts, rough, from producers, ml
to.
„
Shipments from mills, milted rice, ml to.
Stocks, domestic, rough and cleaned (cleaned basis), end
OT DGHOO* /77/f
/0l
ni»l>||iiiiit4MII»luulllli1t»H4HIIUiinl<tit<l
Exports, thous. metric tons
Producer Price Index, medium grain, milled, 1982=100
Rye:
Prodxtion (crop estimate), ml metric tons
Producer Price Index. No. 2. Minneapolis, 1982*100
Wheat
Production (crop estimate), total, ml metric tons, „
Spring wheat, ml metric tons
Winter wheat, ml metric tons
Distribution, quarterly, mil metric tons@ „
Stocks (domestic), end of period, total, ml metnc tons
On farms, ml metric tons
Off farms, ml metric tons .....
Exports, total, including flour, mil. metric tons
»
Wheat only, ml bu. .
See footnotes at end of tables.
"I
'8.800
7
7.634
7
4.059
7
3.574
-1,841.8
117.9
'191.16
7
17939
7
119.36
7
60.54
*56.66
10Z4
7
3.841
7
2.816
""Ti7"b
*2O151
7
17629
7
123.80
7
52.49
1102
"1119
107.1
94.9
110.7
93.;
"*~95.3
""""76.1
*7.027
12,918
8,061
10,351
6,942
2,741
'3.024
107.9
2.106
3
556
66.5
107.1
94.0
96J6
902
97.4
"2.485
•1.341
'M.144
66.0
64.5
68.4
67.6
555
510
2,401
616
2,150
785
828
557
63.9
677
586
682
641
725
574
554
623
512
373
525
1.618
2276
2271
2,106
1,870
1.660
1,618
1.04'
104.0
97.6
""94.6
942
•""942
1053
T10.3
"T1T4
"117"
""'65.9
64.5
63.0
652
65.9
74.7
713
685
45'
729
""1145
615
712
514
71
T085
70.:
3
74.53
*19.19
*55.34
62.17
7
51.93
7
20.77
7
1015
38.63
17.56
21.07
1015
2.278
'1.203
6
1.075
'.347
"112L3
*76.0Q
*4458
J
31.42
121.65
7734
43.80
93.4
90.8
9.603
5.933
3570
m
< 1.067
''1381
112.8
108.;
17629
123.80
52.49
34.15
19.17
14.S8
~T6o"i
*7.007
'55.43
* 15.84
3
39.59
63.98
'38.71
7
16.11
7
22.60
*3737
(')
101.3
4592
2.065
2527
3
5.184
a
*5.423
1.427
*.87O
'.557
*58,387
107.1
6
6.656
3.841
2.816
23.77
6558
2722
38.36
14.01
51.93
20.77
31.16
1435
<23.56
29
'1428
55.55
22.53
33.01
1095
733
SURVEY OF CURRENT BUSINESS
S-22
Annual
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in BUSINESS STATISTICS,
1989
1961-68
October 1991
1991
1990
1990
Aug.
|
Sept.
|
Oct.
|
Nov. |
Dec
Jan.
|
Feb.
|
May
Apr.
Mar.
June
1 July
Aug.
|
Sept.
FOOD AND KINDRED PRODUCTS; TOBACCO-Continued
GRAIN AND GRAIN PRODUCTS-Continued
Wheat-Continued
Producer Price Indexes:
Hard red winter, No. 1, ord. protein (K.C.), 1982wioO
Hard red spring, No. 1, ord. protein (Minn.), 1982*100.......
109.
108.7
86.3
91.1
71.8
77.6
71.8
75.7
71.9
75.3
70.4
73.8
70.1
73.8
65.6
71.5
682
73.7
74.3
77.7
73.2
79.1
76.4
805
75.2
79.0
69.1
73.0
Wheat flour:
Production;
Flour, tfwus. sacks (100 b.)
-..
Millfeed, Jftous. sh. tons
..
Grindings of wheat, thous. bu.
Stocks held by mills, end of period, thous. sacks (ido'b)
Exports, thous. metric tons
...
- ........
Producer Price Index, &83=100 .
„
342,762
6,072
761,02
'6,288
M,195.53
110.5
359,639
6.255
797.589
'8,051
33,689
571,974
73514
29,909
515,161
65,666
'7,980
33,678
584.089
74,938
33,640
578.742
73,933
29.100
500,986
$4,326
'8,051
29.986
529,077
67.251
29.628
499,441
65,694
27,905
495,167
61,620
'7,639
30,499
544,478
67,714
'31,168
'571
'69,878
26,392
478
59,528
8.429
28,432
517
63.785
100.2
93.4
92.0
912
89.4
89.8
88.7
902
92.0
93.0
'94.0
93.4
22,144
469
236
.350
23,669
562
306
.310
2,186
846
593
.315
1,836
855
624
.325
2,300
862
625
2,054
582
338
1.794
562
306
2,120
688
406
270
265
290
1,854
606
339
.280
1,895
633
366
270
2,108
551
301
295
280
2,191
111
451
.300
186.8
188.4
15.9
15.4
16.0
15.9
16.3
16.1
14.7
16.3
15.5
12
14
.777
15
15
.760
19
18
11
16
15
17
9
14
.739
.754
£00
.800
.831
.860
.720
.858
12
it
.676
2,100
33,010
1,742
32,391
147
2,918
132
2,553
158
2,877
149
2,622
136
2,380
151
2,808
121
2,407
120
2.443
7622
92.30
75.75
91.50
7546
7,334
7,140
7,461
6,469
7,044
77.5
79.5
805
84.1
90.8
94.0
95.8
2,006
797
503
.305
'2210
'877
'571
.315
2222
929
626
.310
972
655
.310
13.1
15.6
162
16.1
15
14
.609
13
14
.634
13
'18
.731
10
16
.713
13
16
106
£673
103
2,785
90
2,650
108
2,784
108 ;;
2t784
;;;;;
7.320
6,948
6,133
6,557
7.098
POULTRY AND EGGS
Poultry:
Slaughter, mil. b.
Stocks, cold storage (frozen), end of period, total, ml to,
Turkeys mil tb
Price, in Georgia producing area, live broilers, $perib\
Eggs:
Production on farms, mil. cases §
Stocks, cold storage, end of period:
Shell, thous. cases $
Price, wholesale, large (delivered; Chicago). Sperdoz
it
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves, thous. animals
Cattle, thous. animals
„
Prices wholssalB*
Beef steers (Omaha), $ per 100 b.
„
Steers, stocker and feeder (Kansas City), $ per 1Mb.
Calves, veaJers (So. St. Paul). doBats
72.52
81.45
248.62
Hogs:
Slaughter (federally inspected), tfwus. animals.....
Prices*
Wholesale, average, all weights (Sioux City), S per 100 b.
Hog-corn price ratio (bu. of corn equal in value to 100 to.
five hog)
86,328
82,901
43.91
Sheep and Iambs:
Slaughter (federally inspected), thous. animals
Price, wholesale. Iambs, avg. {San Angelo, TX),
$per 100 b. *
„
-
7,110
6.716
56.37
55.64
17.3
2Z5
22.3
23.4
25.9
232
212
22.0
225
21.5
21.0
22.7
23.7
23.8
'22.0
5,295
5.469
463
422
490
465
449
495
449
546
' 436
443
388
431
438
19.7
52.00
66.06
MEATS
Total meats (excluding lard):
Production, mil b.
„...„
Stocks, cold storage, end of period, ml b.
Exports (meats and meat preparations), thous. metric tons
Imports (meats and meat preparations}, thous. metric tons
Beef and veal:
Production, total, mil. to.
Stocks, cold storage, end of period, mi! fc
Exports, thous. metric tons .„.,.,
Imports, thous, metric tons .......
Price, wholesale, beef, fresh steer carcasses, choice (600-700
bs.)(Central U.S.), $p$rb.,
Lamb and mutton;
Production, total, ml to.
Stocks, cold storage, end of penod. md b, „
Pork (excluding lard):
Production, total, ml b.
„
Stocks, cold storage, end of penod, mi! b.
Exports, thous. metrictons„
„„ „
Imports, thous. metric tons
Prices:
Producer Price Index, hams and picnics, except canned,
1288*100 *
ll
Z
Fresh loins, 8-14 to. average, wholesale (Omaha),
Sperb.* - „
..
„
39.418
535
1.301
'1,110
38,606
566
3,430
507
3,095
507
3.498
537
3273
535
3,080
566
3,427
585
2,954
590
3,083
602
3285
645
3291
613
3,060
599
3252
'590
3,426
576
595
23.319
256
'568
'682
22,950
306
2,091
247
1341
249
2.075
273
1,870
283
1,708
306
1.999
308
1,720
277
1,746
283
1,895
272
1,971
241
1,894
254
2,018
'279
2,099
265
284
357
30
9
27
9
32
8
30
8
30
8
33
9
30
10
36
8
29
7
30
25
8
28
7
27
6
6
1,310
225
1228
226
1,392
232
1,373
221
1,342
234
1,396
248
1204
281
1,301
289
1,361
341
1291
333
1.140
312
1207
'278
1,299
282
282
123.5
123.0
130.4
131.9
129.5
114.4
117.7
116.7
111.8
'110.7
113.4
114.3
115.6
1135
12494
12163
356
350
314
290
275
308
343
349
1
1.078
342
15,757
256
'152
'358
15,299
234
99.7
118.6
1.0111
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans, imports (including-shells), thous. metric
tons . .„„
„ „.
.
.........
Coffee:
Imports, total, metric tons ..„ „
From Brazil, metric tons ,
U.S. Import Price Index, TS85-J00
.
Fish:
Stocks, cold storage, end of period, mX. to
Settoowotesat end o> bbtes.
„
.......
'266.1
„ ' 1,162,920
'249,295
692
59.3
430
343
57.1
63.1
356
369
342
57.7
267
532
54.9
312
SURVEY OF CURRENT BUSINESS
October 1991
Annual
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in BUSINESS STATISTICS,
1989
1961-88
S-23
1990
1990
Aug.
Sept. |
1991
Jan.
Oct. | Nov. | Dec.
Mar.
| Feb.
Apr. |
M«y | Juni | July
AUQ. 1 StpL
FOOD AND KINDRED PRODUCTS; TOBACCO-Contlnued
MISCELLANEOUS FOOD PRODUCTS-Continued
Sugar:
Exports, raw and refined, metric tons
Imports, raw and refined, thous. metric tons
Producer Price Indexes:
Raw (cane) 1982=100
Refined, 1982= 100
Tea imports metric tons
». ..
'412,044
'1542
.
115.5
1182
'85,257
1192
122.7
'1,367
3.803
'224,382
'I80286
'1,607
3,674
147,495
561,021
2.365
'41.755
178,742
523.094
2233
119.6
122.6
119.3
123.1
119.8
123.0
119.5
122.7
117.9
122.4
115.6
123.1
113.1
1232
113.3
122.9
113.1
122.0
' 112.8
"121.3
1133
121.0
112.6
121.4
114.4
121.4
114.0
121.3
TOBACCO
19,419
44,009
191
18,791
45.562
210
17,672
34,134
158
21,007
34,514
152
16,652
39,407
145
14,689
47,061
163
III i
12,778
43267
195
HI
15.286
49,893
211
IN
»
3,075
3.458
ill
Taxable millions
Cioars (large), taxable, millions
3,674
3,463
IN
Leaf:
Production {crop estimate) mil to.
Stocks, dealers' and manufacturers', end of period, mil. to. ....
Exports, incl. scrap and stems, metric tons
Imports, incl. scrap and stems, metric tons
Manufactured products:
. Consumption (withdrawals):
Cioarettes (smalt):
12.793
40.106
175
LEATHER AND PRODUCTS
LEATHER
Exports:
Upper and lining leather, thous. sq. ft
Producer Price Index, leather. 1982=100,
..
„„..„
WOA
i_
1765
i'75"4
174.9
174.7
18,844
16,531
18,221
15.359
12.596
11,319
3,616
1,640
309
(5)
3,694
10381
3,208
1,770
261
8,808
1,946
1,842
291
135.7
121.4
113.9
137.3
121.7
113.9
137.3
121.9
1105
138.0
121.9
110.7
1721
'"""i737
M727
1*612
772.0 "•""t(5773 "" 165.7
LEATHER MANUFACTURES
Footwear:
Production total thous. pairs ........
Shoes, sandals, and play shoes, except athletic, thous.
pairs
„
Slippers, thous. pairs
Athletic thous pairs
Other footwear tfrcus. pairs
Exports thous. pairs
.....
Prodxer Price Indexes:
Men's leather upper, dress and casual, 1982*100
Women's leather upper. 1982*100
Women's plastic upper, 1982-100
210,490
201,648
57,534
41,184
3,680
3,405
13,177
3,514
2.153
291
127.5
1162
110.0
135.8
120.9
113.4
135.7
121.5
1132
R
*47,787
***
................
"32010
"9235
«6,542
'898
138.3
121.3
110.7
140.3
122.3
110.7
140.3
123.8
113.4
141.0
124.0
113.6
' 141.4
124.1
M15.6
141.4
1242
116.6
138.4
124.3
116.9
3.661
638
2,823
3,617
791
2,826
"—•
ZZZZZ
" " * " " • " " "
iZZZ
141.7
124.8
116.9
141.7
124.8
116.9
LUMBER AND PRODUCTS
LUMBER-ALL TYPES*
[Millions of board feet unless otherwise indicated}
National Forest Products Association:
'58.749
Production, total
3
Hardwoods
«
10,869
Softwoods
„ *47,880
2
Shipments, total
49.003
Hardwoods
.,
~ »
* 11,347
Softwoods
*37,656
Stocks (gross), mil), end of period, total ~
Hardwoods
4,898
Softwoods
Exports, total sawmill products
Imports, total sawmill products, thous, cubic meters..................... •""'64,355
'54.638
*9,480
'45,159
'46,083
* 10,102
'35,981
4.060
1,025
3,035
3,987
928
3.059
3,602
886
2,716
3.453
794
2,659
4,015
961
3,054
3,890
846
3.044
3,412
857
2.555
3.357
789
2.568
2,914
736
2,178
2,873
624
2249
3334
851
2,683
3240
755
2.485
3.410
810
2,600
3,301
711
2,590
3,958
880
3,078
4.037
855
3.182
3,837
916
2,921
4.028
876
3,152
'3.762
803
'2.959
'3.764
-761
'3,003
3,633
846
2,787
3,590
775
Z815
zzz
4,734
4,752
4,810
4,834
4,809
4,734
4*925
4,949 "•"'4,946 •""""47849
4,600
4,699
4,684
—«-"-
8,749
452
8.751
8.798
772
590
421
715
712
829
713
472
663
662
830
673
431
704
714
820
596
432
590
595
815
547
452
484
527
772
613
437
671
628
815
643
434
656
646
825
829
556
722
707
840
865
607
803
814
829
797
586
737
818
748
680
532
700
734
714
579
475
673
636
751
709
443
707
741
717
138.0
139.9
135.1
126.8
1253
127.8
129.4
128.0
125.7
129.9
'144.4
173.3
166.0
130.7
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. ctixc meters
Producer Price Index, Douglas fir, dressed, 1982*100
See toosnotej at end of tables.
9,552
501
9,620
9,687
809
'2,781
'335
'2,450
151.6
=
131.1
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in BUSINESS STATISTICS,
1961-88
Annua
1989
|
October 1991
1991
1990
1990
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
|
Feb.
Mar.
Ap,.
May
|
June
|
July
Aug.
|
Sept.
LUMBER AND PRODUCTS—Continued
SOFTWOODS-Contlnued
[Millions of board feet, unless otherwise indicated}
Southern pine:
Orders, new
Orders, unfilled, end of period
Prodxtion
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
' 12.366
633
'12,544
'12,567
2,049
* 1,206,526
108.0
' 12,827
697
M2,911
M 2,763
2.197
1.024
670
1,114
1.092
2,021
881
643
990
901
2,111
1,181
687
1,147
1,136
2,135
890
653
947
929
2.143
859
697
867
815
2,197
855
665
950
892
2.242
979
677
924
961
2219
1,147
756
1,024
1,065
2.177
1,059
696
1,102
1,124
2.164
1,275
821
1,071
1,146
2,080
'968
690
'1,123
'1,101
2,090
1,072
641
991
1,120
1,973
111.0
114,0
110.5
104.0
104.7
102.6
103.9
100.3
103.6
110.0
'110.8
123.0
125.1
11,143
506
11^29
11,174
1,402
127.1
10,582
483
10,452
10,605
1^11
126.3
883
507
879
908
131
775
503
759
779
1,271
872
510
873
865
1,279
712
454
752
768
1,263
692
483
611
663
1,211
701
472
764
712
1,263
711
470
742
713
1,292
835
548
788
757
1.323
916
582
849
882
1290
933
649
1250
760
550
835
859
1,226
772
545
848
777
1,304
125.7
125.5
120.9
119.8
119.0
119.6
119.5
122.3
125.6
'131.5
145.6
9.5
206.5
7.6
8.3
205.3
10.0
13.0
192
7.9
11.9
18.7
7.9
8.2
17.1
9.3
9.2
15.2
9.6
8.3
142
10.0
8.2
14.3
122
8.1
15.1
11.4
9.5
18.7
10.0
9.7
17.1
9.8
10.7
16.4
11.1
17.9
10.9
109.5
147.7
529
914
915
1,303
133.2
130.0
11.0
13.8
10.1
11.5
17.3
9.9
13.1
18.0
8.9
495
723
1 :::::::::::::
HARDWOOD FLOORING
[Millions of board feet]
Oak:
Orders, unfilled, end of period
Shipments
Stocks (gross), mill, end of period
.......
METALS AND MANUFACTURES
IRON AND STEEL
[Thousands of short tons}
Exports:
Steel mill products
Scrap
Pig iron
4,578
13,305
12
4,303
12.765
16
269
1,032
(3)
344
792
2
425
1232
1
494
868
1
412
826
1
439
732
1
486
851
1
368
863
1
595
862
1
598
1,252
(3)
772
1260
2
627
857
Imports:
Steel mill products
Scrap
Pig iron
17,321
1,120
488
17,162
1,424
383
1,629
130
65
1,381
88
20
1,513
170
31
1,598
162
52
1,552
160
28
1,655
81
56
1291
92
70
1.231
87
48
1,571
83
56
1,367
102
11
1,080
89
15
1,395
114
30
1,032
101
39
'23,014
'41,671
'65,507
'4,213
23,083
39,624
63,705
3.989
1,942
3,406
5,437
3,747
1,943
3266
5259
3,784
1,940
3,454
5,340
3,789
1,821
3251
5.050
3.978
1,636
2,828
4,614
3,989
1,801
2.974
4,947
3,999
1,599
2,804
4,458
3,978
'1,689
'2,991
'4,679
'4,102
1,701
3,038
4,796
4,036
105.61
105.46
112.52
110.81
108.88
105.63
103.17
'103.06
'100.74
'9723
'9624
'9328
'87.56
85.81
88.79
59,032
68.299
19,596
55.468
55266
18,054
4,274
5.273
1.669
4235
5,053
1,848
4,069
5,140
2,010
3,677
4,540
2,075
4,646
5,452
1,350
4,451
2269
698
4,274
1,585
397
4,135
1,897
503
4.754
5.264
834
4,846
5,678
1,485
5,070
5,548
71,156
73.059
5.365
22,476
4.575
15,730
2,171
73,797
73,681
3.199
22.978
4.795
15.910
2,273
8.163
6,867
168
22,110
8277
12,045
1,788
7,080
6,200
21
22268
7,461
12,929
1,878
7.521
6.353
85
22.027
6.398
14,116
1,513
6,923
6,075
151
22,042
5,535
14,969
1,538
6,347
5,436
24
22,978
4,795
15,910
2,273
3,220
5296
11
22.572
6.493
13,820
2,259
1,831
4,475
5,096
4,830
401
20,757
10,910
8,749
1,098
6.380
5,083
541
21,756
10,078
10,067
1,611
6,624
4,971
6,765
5,514
6,617
5,564
22218
9.182
11,174
1.862
2.615
5,296
1
21,316
11,421
8.493
1,402
23"l74
9.604
11.732
1,838
13,044
1,765
K098
1,926
55.873
51,106
275
54,925
50,019
130
4,788
4.344
187
4,629
4200
180
4,673
4,305
176
4,523
4,120
165
4,264
3,807
130
4.077
3,808
149
3,470
3,354
125
4.047
'3,867
'129
3.830
3,573
134
3,885
3,830
4,179
4,121
Iron and Steel Scrap
[Thousands of metric tons, unless otherwise indicated}
Production
Receipts, net
Consumption
Stocks, end of period
Composite price, No. 1 heavy melting scrap:
American Metal Market, $ per metric ton
Ore
[Thousands of metric tons]
Iron ore (operations in all U.S. districts):
Mine production
.........................
Shipments from mines
Imports....
U.S. and foreign ores and ore agglomerates
Receipts at iron and steel plants
Consumption at iron and steel plants .
Exports (domestic)
Stocks, total, end of period
At mines
At furnace yards
At U.S. docks
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 locates at end of aties.
7,490
5.323
283
129
. *'".."
4,175
SURVEY OF CURRENT BUSINESS
October 1991
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in BUSINESS STATISTICS,
1989
1961-88
|
S-25
1990
Annual
1990
Aug.
|
Sept.
|
1991
NOV.
Oct
|
Jan.
Dec.
|
Feb. |
Mar.
[
APT.
June
Jury 1 Aug. 1 Sept
METALS AND MANUFACTURES-Contlnued
Steel, Raw and Semifinished
[Thousands of short tons, unless otherwise specified}
98 015
84.0
8452
85.5
3094
84.6
8424
85.1
8 021
83.8
7422
75.0
7577
74.6
6705
73.1
7283
71.7
7089
725
7076
70.0
7017
71.7
7338
74.8
7386
84,100
84,981
7,366
6,693
7,643
6,937
6,187
6,786
6,039
5,966
6,450
6,762
6,623
6,420
6.954
6,236
5,355
7,384
562
6,313
6.093
7,945
519
488
557
694
34
486
517
630
546
494
446
474
680
44
586
37
533
506
675
44
550
470
551
52
527
35
548
532
660
46
550
465
590
52
595
463
61S
41
647
421
583
32
584
479
565
21
642
520
568
Bars and tool steel, total
Bars: Hot rolled (including light shapes)
Bars: Reinforcing ..
Bars: Cold finished
14,171
7,617
5,015
1,472
14,727
7,878
5.305
1,436
1,284
713
439
127
1232
692
420
116
1,314
739
438
132
1,199
682
398
114
1,006
562
355
85
1,107
660
317
125
1,051
586
349
112
979
540
323
107
1.111
111
1,110
572
425
110
1.077
549
420
104
1,097
560
434
99
1,154
593
444
112
Pipe and tubing
* Wire-drawn and/or rolled
Tin mill products
Sheets and strip (including electrical), total
Sheets: Hot rolled
Sheets' Cold rolled
4,011
1,002
4,126
41,261
12,898
13,854
4,652
918
4,032
39,784
13.388
13,199
424
78
368
3,439
1,165
1.129
373
71
321
3,229
1,080
1,049
452
79
360
386
62
315
3,212
1,068
1,099
368
51
406
2,813
1,018
952
414
69
335
3,105
1,151
980
398
67
292
2,608
917
83S
424
75
298
2,605
986
791
411
82
342
2,846
974
922
428
77
365
3,03
1.11S
936
383
73
336
3,071
1,145
924
332
75
350
2,918
1,074
906
402
7S
35S
320£
1,162
982
18,185
6,661
2.863
11,180
1,096
2.162
4,458
37,488
18,250
,...,.
7,391 ,„„
2.793
10444
901
2,104 ................
4.474
38,378
4,091
,
„..
1.62S
„„ „.
_„„„.
539
2047
261
,„,
„
481 „„,„„,
.„,„„
.
1,005 .„,„
8,701
4218
1,711
1,403
^528
2
206
*68S
349
*112
3
366
2
3,064
* 1,534
*614
'202
'632
2
56
3
13^
'369
»3214
13 £
'13'
Production
Rate of capability utilization, percent
'97943
84.5
Steel castings:
Shipments total
For sale, total
752
7457
785
1 137
1122
Steel Mill Products
(Thousands of short tons]
Steel products, net shipments:
Total (all grades)
Semifinished products
Structural shapes (heavy), steel piling
Plates
Rails and accessories
By market (quarterly);
Service centers and distributors
Construction, inol. maintenance
Contractors* products
Automotive . .,...
Rail transportation
Machinery, industrial equipment tools
Containers, packaging, ship, materials
Other
......
......
„
3,653
1,197
1218
4,627
1.843 ,„
686 .„„.,
2,644
„, ................
,
222
490 .„.„,......... ,.,„„
...„
1,135
9,511
„
,
4.424
1.836 „„,„„
,.„
703
2337
203
467
1,183 „„,
9,594
t
„
................
452
548
58
603
392
547
11
237
214
425
1.130
9235
3
21
[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
353
186
343
191
354
199
84.3
23.;
882
85.1
20'
75.9
20J
205
97.;
201
467
381
.6331
82.8
441
.6388
56.4
48'
.5932
5775
69.0
44!
.5896
337
155
347
152
349
174
317
155
352
18C
58.7
60.6
231
79.5
23 e
79.4
23.1
76.0
249
.6975
61.1
34 £
.6875
54.8
.6813
1,086
4,048
'2,393
341
182
332
160
347
172
923.0
"J3404
959.6
3403
82.1
76.4
285
283
66.E
30 £
'*593.1
rJ
4462
.8784
'679.8
4377
.7404
15,468
12,304
7,612
2,200
4,030
2.054
340
196
13E
6.1
6.9
136
84
52
5.9
137
79
58
6.9
137
79
55
82
'52
6.1
136
79
57
6.7
13 5
7.9
56
6.4
* 134
75
7.9
51
53
62
140
81
59
6.7
138
8.2
56
6.5
14 0
8.1
59
6.7
130
58
6.5
82
56
6.6
84
54
6.4
135
82
NONFERROUS METALS AND PRODUCTS
[Thousands of metric tons, unless otherwise specified}
Production, primary (dom. and foreign ores)
Recovery from scrap
.
Imports:
Metal and alloys, crude
Plates sheets, bars etc
Exports:
Metal and alloys, crude
Plates sheets bars etc
Price, U.S. market 99.7% purity, monthly average. $ per to...
Aluminum products:
Shipments:
Ingot and milt prod, (net ship.), ml to.
Mill products, total, ml to.
Sheet and plate, mil, Ib.
......
Castings mil. Ib
Inventories, total (ingot mill products, and scrap), end of
period, mil. Ib.
„...., _
Copper
Production:
Mine, recoverable copper
Refined from primary materials
From domestic ores @
From foreign ores . ~.
Electrowon
Refined from scrap...
Refined, unrefined, scrap (copper com.)
Ftefineci
Exports:
Refined and scrap
Refined
Consumption, refined (reported by mills, etc.)
Stocks, refined, end of period
Price, avg. U.S. producer cathode, delivered, $perb.§
See footnotes at end of tables.
J
'
59.6
39 >
.8223
622
355
71.3
48
367
.8805
14,757
11.960
7,514
1.272
1,08£
1,224
90S
576
1.12C
844
574
1.17J
973
621
1,247
1,031
647
1.098
941
586
877
561
122
94(
618
121
692
635
1295
1.03
669
'127
'995
'639
1.390
1,02:
674
4,016
4,013
3580
4,040
4,119
4,028
4.013
4,068
4,169
4256
'4212
'4,135
'4,046
4,012
'1,497.8
1,476.8
'1,5872
'1,576.6
'137.0
124.5
M36.S
126.8
'141.<
140.1
' 139.9
132.3
'136.1
"134.8
"132.1
'131.0
'126.6
'123.9
137.9
128.7
1292
123.3
-
1.164.9
"1,183.2
'89.4
'93.8
'105.5
100.5
'101.6
'101.8
'94.2
96.6
92.8
311.9
'4795
'393.5
440.7
'35.0
'33.1
29.9
'34.5
34.3
31.7
31.8
332
32.0
'292
'34*
'29.7
"28.7
30.1
392
30.6
38.0
467.0
263.6
28.7
18.C
31.4
21.4
31.6
18.'
46.0
20.S
27.1
16.7
38.4
39.5
27.
27.9
577
201
172
536
51 0
409
172
164
198
147
753
374
172
'M
1.1976
"101
1.1561
520
214
'145
'11
1.150
457.7
•» 300.1
J
...
......
53.6
395
.8035
J
.
39.0
306
5656
130.2
2,203
M07
1.3094
J
211.3
2,143
'101
15316
'91
1.3496
22.4
179
'71
1.3422
215
184
Hi
13018
338
.7252
22;
676
336
'175
'106
1.1461
365
21.
10
1.1395
991
44.7
30.J
402
168
163
10
1.131
350
203 ...„._..„.-
5766
5575
-
-
—
_
-
-
SURVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in BUSINESS STATISTICS,
1939
1961-68
October 1991
1991
1990
Annual
1990
Aug.
|
Sept.
|
Oct.
NOV.
|
Dec,
Jan.
Feb.
|
Mar.
Apr.
|
M-y
|
June
Jury
|
Aug. |
Sept.
METALS AND MANUFACTURES-Continued
NONFERROUS METALS AND PRODUCTS-Contlnued
[Thousands of metrictons,unless otherwise specified}
Copper-base mill and foundry products, shipments (quarterly
Brass mill products mS. ft, ,.
.......
Copper wire miij productsjcopper content), ml t.
Brass and bronze foundry products, ml *>.
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, $perb.@@
Tin:
Imports (for consumption):
Ore (On content), metric tons
„
_
Metal, unwrought. unalloyed, metric tons Recovery from scrap, total (tin content), metric tons
As metal, metric tons .....
..„,..
Consumption, total, metric tons
Primary, metric tons
..„.„,. ........
Exports (metal), metric tons
........
Stocks, pig (industrial), end of period, metric tons
Price. Straits quality (delivered), $pert.
Zinc:
Mine prod., recoverable zinc
Ores (zinc content)
„
Metal (slab, blocks)
Consumption (recoverable zinc content)
Ores
^ r a p , all types
_
Production, total t
Consumption, fabricators
Stocks, end of period
Producers' at smelter (ABMS)
Consumers
Price, high grade, S per to „ »
41.6
71.0
46
1012
37.8
72.0
77
101.3
435
710
101.3
41.1
'74.4
78
"105.3
98.4
36.4
71.7
112
94.3
53.9
25.5
62.8
20.1
.3852
60.3
242
6Z0
15.8
.3452
63.7
24.3
'53.5
'13.5
.3323
61.0
27.0
52.9
11.3
'.3334
59.4
21.3
49.4
122
.3330
65.9
17.5
48.9
12.8
.3260
73.6
162
43.3
11.4
.3203
2,786
594
2.280
439
2,403
560
2,934
489
1,601
585
1,946
554
2,554
478
2,006
'558
4,100
3,100
22
4,762
3.9932
4200
3,100
10
4,819
3.9440
3.900
2,900
52
4,829
3.7321
4,100
3,000
25
6,337
3.6822
3.900
4,100
3,100
11
6,688
3.6075
4,300
3,200
111
6,177
3.6204
4,100
3,100
129
5.993
3.6834
4,200
3,200
145
5,991
3.6895
44.7
42.7
40.4
43.6
455
41.9
43.8
45.5
49.4
36.9
9.1
49.4
4.8
472
4.0
46.5
1.6
40.9
8.0
50.0
1.0
415
1.1
37.0
1.4
39.8
8.1
35.7
21.1
21.1
21.1
2
21.1
2
21.1
2
21.1
2
21.1
2
21.1
21.1
207.8
997.0
5.8
17.6
100.0
.5
16.0
73.0
5
17.9
86.0
.6
16.0
73.0
.5
172
67.1
2
17.3
80.0
.3
15.0
69.0
.4
16.9
65.9
.4
15.8
67.8
.4
17.7
68.3
.7
15.6
68.6
4.7
60.3
.8206
4.6
41.6
.7459
4.0
47.1
.7898
5.3
46.1
.7777
4.5
41.7
.6754
4.7
41.7
.6294
4.6
41.6
.6209
3.9
415
"5808
5.3
412
5593
8.5
40.6
5611
3.9
43.7
.5763
4.7
43.0
.4984
42
39.3
.4840
394.5
84.3
138.1
433.0
89.6
140.3
155,6
1319
1350
1200
1302
1214
1185
1277
121 3
1357
1225
1402
117.4
121.1
125.0
123.8
118.8
114.0
112.9
104.9
107.0
107.4
107.0
104.1
108.3
109.8
107.6 ................
183.6
200.5
229.1
213.3
205.7
2032
185.3
203.4
218.7
203.3
208.5
216.8
190.8
213.9
216.1
220.5
182.0
189.4
190.1
190.2
190.7
191.1
191.8
193.0
193.3
194.4
1952
195.6
195.7
196.0
196.5
196.3
144
133
138
131
140
135
133
123
141
141
123
130
114
118
131
128
124
129
130
140
132
138
123
137
120
127
112
120
'116
128
120
127
1,976.35
1,722.80
2,358.60
2,05920
1,423.3
Z070.30
1,771.95
2,329.60
2,004.45
1,164.0
22855
21220
155.75
135.85
1285.1
209.15
190.75
189.95
168.30
1,304.3
182.40
166.05
188.80
164.90
1,297.9
136.65
113.10
182.20
160.60
1252.4
178.10
151.10
266.45
209.95
1.164.0
130.05
107.20
110.80
93.25
1,1832
186.25
113.80
133.15
109.45
1236.4
15355
127.20
173.85
148.75
1216.0
136.45
109.95
145.35
12655
12072
109.60
96.45
173.85
157.25
1,1425
130.95
87.70
142.60
104.30
1,1312
'145.60
'12325
'149.40
'137.35
'1,127.4
126.40
117.30
137.35
121.85
1,1165
172.90
149.55
163.60
138.30
1,125.8
831.60
719.05
837.00
704.15
380.3
894.40
760.55
970.30
851.10
304.4
48.25
47.95
75.60
61.30
322.9
5520
45.90
108.95
94.30
2692
65.70
68.10
64.95
5720
289.9
66.10
48.15
85.25
63.40
270.8
117.70
10225
84.05
7720
304.4
69.80
59.80
71.75
61.00
302.4
58.90
51.30
69.00
58.80
292.4
51.90
31.45
103.00
86.05
2412
5725
37.30
61.70
47.05
236.8
43.40
35.05
58.00
44.60
2222
41.95
25.05
6955
47.15
194.6
'47.65
'26.90
'63.40
'35.00
'178.8
109.35
87.05
46.00
30.75
2422
70.75
56.30
4950
36.05
263.0
''410.9
'808.6
J
12O8
' 1,283.2
''474.0
"923.0
984
'1255.7
45.9
71.8
63
112.4
36.8
71.0
422
77.5
37.4
72.3
35.5
77.3
41.5
79.0
104.6
109.0
104.3
97.3
73.5
15.6
82.7
17.4
.3935
53.9
25.5
62.8
20.1
.4602
63.7
19.9
62.3
26.6
.5036
61.8
20.6
63.9
242
.4947
52.3
23.7
62.6
24.9
.4616
55.7
22.8
60.4
22.3
.4275
J
216
•»33,988
'15.213
'569
46,371
39,000
J
904
6,072
52018
33,810
17275
186
44.363
36,900
658
4,829
3.8629
<£}
2,491
580
4,090
600
4,300
3200
3.836
3.9026
4,100
3,000
36
3,449
3.8019
'275.9
507.7
57.1
•»41.0
•*711.6
46.7
631.7
8.5
70.9
2.1
'251.7
2.4
250.3
21.1
205.3
'1,060.0
'8.0
"8
6.677
3.6488
-
74.3
75.7
73.1
I3279
5286
13339
299
3,900
3,000
6"352
3.6707
36506
„
2
21.1
:
16.4
13.6
15.6
3.6
2.9
3.5
!4867
MACHINERY AND EQUIPMENT
(Millions of dollars, unless otherwise specified}
Industrial heating equipment, new orders (domestic), qtriy f
Hectric processing heating equipment
„
„
Fuel-fired processing heating equipment
—
Materials handling equipment, dollar value bookings index,
1982*1001
industrial supplies, machinery, and equipment
New orders index, seas, adj., 1987*100 @
Industrial suppliers distribution:
Sales index, seas, adjusted, 1977*100
Inflation index, not seas. adj. (tods, material handling
equipment, valves,fittings,abrasives, fasteners, metal
products, etc.), 1977-100
Fluid power products shipments indexes:
Hydraulic products, 1985=100 ...
Pneumatic products, 1985*100..:.
Machine tools:
Metal cutting type tools:
Orders, new (net), total
„
Shipments,
total
Domestic
Order backlog, end of period
Metaltorminatvoe toots'
Orders, new (net), total
Domestic
Shipments, total Domestic
Order backlog, end of period
„
!,Z"1
.,.„......„
."1
„.
Z.~
.................
„.
„
...„
„
See footnotes at end of Sables.
„.
155.0
20.4
85.6
82.4
14.7
28.4
129.6
302
47.1
88.5
22.3
16.4
1148
SURVEY OF CURRENT BUSINESS
October 1991
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in BUSINESS STATISTICS,
1989
1961-88
S-27
1991
1990
Annual
1990
Aug.
|
Sept. |
Oct
|
Nov.
|
Dec
Jan.
Feb.
|
y ir.
|
Apr.
July
I
Aug. I
Sept.
55*1
1542
6,545
1,682
6362
METALS AND MANUFACTURES-Continued
MACHINERY AND EQUIPMENT-Continued
Tractors used in construction, shipments, qtrty:
Tracklaying (ex. shovel loaders) units
Tracklaying (ex. shovel loaders}' mil $
Wheel (contractors' off-highway), units
Wheel (contractors1 off-highway), ma $
10,846
1,183.7
4545
383.2
60.855
2225.7
Shovel loaders, mil. $
ELECTRICAL EQUIPMENT
[Thousands]
Batteries {auto.-type replacement) shipments
Radio sets, production, total market $ i
Television sets (incl. combination models), production, total
market**.....
Household major appliances, industry shipments #
Air conditioners (room)
Dishwashers
Disposers (food waste)
Microwave ovens/ranges
Ranges
Refngerators
Freezers...
Washers...
Dryers, including gas
Vacuum cleaners (otrly)
64,433
'25254
65,187
21585
6,475
1,974
6,477
2,723
6.692
2.923
6,505
2.075
5,366
1,438
5,163
1,376
4,079
1.345
4,063
1298
4,700
1,356
4,932
1.186
5265
1261
24,859
21,779
1,846
2,199
1,772
1,658
1,753
1,318
• 1,454
1,761
1267
•*1235
1.397
1245
1,569
2249
'46.567
'5,091
'3,668
4,363
'10,598
'3,048
'7,099
'1219
'6252
'4,574
11373
42,739
4,150
3,637
4,137
8,126
2,989
7,101
1296
6,192
4,320
10963
3.323
'3.390
3.509
2.985
2.837
3,605
3,720
3,944
3.384
3247
3,324
54
303
419
676
2
345
347
899
278
590
101
535
392
10
280
265
792
253
494
97
446
339
82
276
262
688
228
451
100
417
319
2.984
185
255
30S
565
3,524
82
321
348
587
288
656
136
515
357
3.362
159
322
362
666
236
434
75
486
344
532
305
282
471
278
613
288
268
483
95
555
496
278
362
511
277
533
447
304
36C
543
275
787
142
546
351
171
287
294
507
263
774
154
511
347
63
301
355
54
273
673
13£
525
345
12
286
459
610
280
666
137
513
351
2,162
2.167
4,130
1,950
2,167
3,906
157
171
301
196
18<
279
211
'286
626
123
518
359
3 035
418
2513
toe
507
344
285C
606
114
51S
344
306
50S
264
664
109
490
31S
2405
GAS EQUIPMENT (RESIDENTIAL)
[Thousands]
Furnaces, warm air, shipments
Ranges, total, shipments
Water heaters (storage), automatic, shipments
'V
188
168
299
220
190
287
216
209
378
192
186
315
153
167
372
150
19C
347
128
18
318
126
19;
332
206
220
162
20;
315
120
194
346
110
184
319
216
226
193
105.4
'105.0
105.0
105.0
81,816
78,764
81578
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
3,519
*677
103.4
3,121
'307
354
310
183
104.3
"104.5
"iO5*3
"ms
"'106.B
210
"ToTe T66.6
980,729
1,029,035
91,558
'62.813
93,418
82,835
85271
890,559
117,503
41,369
6,167
894,556
771,678
116,154
39,824
6.724
82,951
72,942
9,510
3,397
498
76,469
66,727
9,332
3,276
409
74,982
64,264
10,303
3,450
413
86,772
71,729
60,916
10.189
3,351
624
75,676
Consumption, total
Electric power utilities
Industrial, total
Coke plants (oven and beehive)
Residential and commercial
79247
68.335
9.852
3.139
1.059
81.734
71,190
9.682
3,031
862
68.309
58.443
9261
2566
605
69.321
59,195
9,586
2,985
541
Stocks, end of period, total
Electric power utilities
Industrial, total
Oven-coke plants .
146.087
135,860
10227
2.864
167,208
155,163
12,045
3,329
161,585
150,123
11,461
3255
160.739
149,013
11,727
3,124
167,023
155,191
11,832
3,192
171.834
159.895
11,938
3260
167208
155,163
12.045
3,329
160224
148,736
11,488
3262
163,133
152,202
10.931
3,196
167,406
157,031
10,375
3,130
Exports excluding lignite, thous. metric tons
Producer Price Index, 1982*100
'91.458
95.4
95.984
97.3
9.131
96.8
9288
97.4
7,943
98.1
8,728
98.7
7,088
97.8
5,637
98.4
7,373
98.1
33,015
39,533
28,948
40,332
3,617
7,003
3,306
3,366
3,351
7.132
3,502
3518
1.919
1,703
216
1.720
1,918
1,674
244
1,436
1.514
1.840
1,649
191
1.450
1,430
1.509
1,918
1.674
244
1,436
70.9
4381.3
87
752
441.3
91
91.0
428.9
91
118.0
405.4
84
97.3
395.6
84
79.3
401.8
83
162,804
165,483
7237
97.4
6275
972
9,088
97.1
97.4
98.0
3,056
5,967
3276
3,303
3527
3,404
3,537
1.426
1,680
2.093
1331
263
1,791
1,646
1,674
1.742
1,680
87.9
400.8
83
370.1
84
54.1
404.4
83
'58.8
425.6
87
562
423.7
90
59.3
432.
89
COKE
-
Stocks, end of period:
Oven-coke plants, total
At furnace plants ....
At merchant plants .
Petroleum coke
„„.
3
1.043
Exports, thou. metric tans ..
PETROLEUM AND PRODUCTS
[Millions of barrels, unless otherwise specified]
Crude petroleum:
Producer Price Index, 1932.100
Gross input to crude oil distillation units
Refinery operating ratio, % of capacity
All oils, supply, demand, and stocks:
New supply, total 0
Production:
Crude petroleum.,
Natural gas plant liquids ...
Imports:
Crude and unfinished oils .
Refined products
Change in stocks, all oils
Product demand, total .
Exports:
Crude petroleum
Refined products
-
-.
See footnotes at end of ttfes.
56.3
4,959.7
86
642
83,583
61298
[Thousands of short tons, unless otherwise specified]
Production:
Beehive and oven (byproduct)
Petroleum coke §
„.,..
217
......
104.7
6,304.7
6208.7
544.8
487.5
496.5
479.1
5022
453.0
489.0
497.4
545.9
514.6
2,778.8
586.1
2,684.7
598.3
225.9
51.0
216.7
50.0
233.8
54.5
221.6
53.0
227.5
52.1
230.0
532
211.50.6
231.9
54:
224.0
522
228.4
542
218..
50.8
277:
525
2.283.7
6562
-15.8
6.6345
2,325.1
600.8
392
6,5125
213.1
54.9
44.1
585.9
183.5
37.3
30.8
520.7
172.8
3516.5
554.3
171.0
39.0
-9.3
533.3
155.:
43.8
392
548.1
180.'
385
-36.8
5605
163.6
28.0
-12^
496.3
33.9
-15.6
523.3
177.8
43.3
18.;
505.2
215.
482
50..
534.6
1992
46.
530*5
201.4
37/
36:
554J
51.7
259.5
39.7
272.4
2.0
24.
2.0
23.3
32
26:
4.'
28.4
5.0
31.7
1.6
35.6
42
25.0
4.9
172
5/
305
Z4
25.3
4.3
255
97.0
96.6
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated in footnotes beiow, data through 1988
and methodological notes are as shown in BUSINESS STATISTICS,
1961-ed
Annual
1989
October 1991
1990
Aug.
| 1990
Sept.
Oct.
1991
NOV.
Dec.
Jan.
I Feb.
Mar.
|
June
Apr. | May
Aug.
July
Sept.
PETROLEUM, COAL, AND PRODUCTS-Continued
PETROLEUM AND PRODUCTS-Continued
[Wlions
of barrels, unless otherwise specified]
All oils, supply, demand, and stocks-Continued
Domestic product demand, total #
Gasoline .
Kerosene
Distillate fuel oil
Residual fuel oil
Jet fuel...
Lubricants
Asphalt...
Liquefied petroleum gases
Stocks, end of period, total
Crude petroleum
Strategic petroleum reserve
Unfinished oils, natural gasoline, etc
Refined products
Refined petroleum products
Gasoline (incl. av&Don)
Producton ..
.
Stocks, end of period
Prices, regular grade {exd aviation)
Producer Price Index. 1932=100
Retail, U.S. city average (BL$):
Leaded. $per gal.
Unleaded, $ per gal.
Aviation gasoline:
Stocks, end of period
Stocks end of period
.. .......
Producer Price Index (light distillate), 1982=100
Distillate ftiol
UloUitolu
IU6I nil*
uti.
Stocks end of period
Producer Price Index (middle distillate), 'i982=ioo
R*«;irf[!al fiipl nil*
ntroiuucU luci oil.
Production
....
Stocks end of period
Producer Price Index, 1982=100
.............
_
Lit ftrolJtn lUBf.
Production
Stocks, end of period
Lubricants:
Production
......... .. ..........
Stocks, end of period
lenhalf
A5pnai[.
Production
Stocks, end of period
Liquefied petroleum gases:
rfOGUCuOnt
tOISi
•««•••»••••»««•<•*•••»•»«••».••»«•
At gas processing plants (LP.G.) ... .
At refineries (LR.G.)
„. .
Stocks (at plants and refineries)
502.9
224.8
.8
.5
1,574.5
912.8
581.6
153.3
508.4
1,558.9
905.3
568.5
153.6
500.0
1,577.6
9072
568.5
157.5
512.9
1,628.0
927.0
568.5
163.9
537.0
1,633.6
916.1
585.7
1492
531.7
568.5
161.0
556.5
20.3 ..
48.0 ..
1,633.9 .,
911.0
568.5 .,
159.2
5637
206.1
189.1
184.6
182.7
206.4
174.4
202.8
171.9
219.8
173.7
221.4
178.5
226.7
173.5
500.9
217.8
.7
92.8
28.9
47.3
4.3
12.6
51.0
511.3
216.9
523.3
206.4
2.6
3.1
87.3
104.0
35.1
48.0
3.7
6.8
4.8
5.3
54.6
66.3
1,674.4
935.7
589.4
152.4
586.3
1,653.9
924.7
586.0
157.6
571.6
1,620.6
908.4
1,588.7
589.6
163.1
602.9
585.7
145.4
566.8
219.0
189.6
213.9
181.9
208.9
178.7
214.0
182.4
6,200.8
2,649.6
15.5
1,102.5
448.5
555.6
59.7
176.3
568.0
559.6
242.6
12
99.7
38.4
43.1
6.0
24.9
45.4
495.4
2082
.9
85.9
302
1,581.4
921.1
579.9
152.0
508.3
1.620.6
908.4
585.7
145.4
566.8
1,698.5
959.1
589.6
158.9
580.5
1,698.2
932.2
2,550.7
179.1
2,548.4
182.4
2282
1742
46.0
5.3
21.6
47.0
402
47.8
905.8
455.9
191.1
1.6
84.0
34.7
4i6
3.3
84.8
31.3
40.7
4.8
15.0
422
83.5
38.0
44.0
4.6
18.9
43.3
5242
235.1
.4
82.1
34.6
46.8
5.1
67.1
80.3
84.6
95.0
100.3
99.7
90.5
802
71.5
61.6
63.4
70.3
69.4
65.8
69.2
71.4
997
1.022
1 149
1.164
1.198
1.190
1297
1294
1354
1.378
1351
1.377
1 335
1.354
1246
1247
1137
1.143
1 047
1*082
1062
1.104
(3)
1.156
1.160
1.127
1.140
1.143
92
2.1
85
1.7
1.1
1.7
8
1.8
6
1.7
.7
1.8
.5
1.7
.6
1.9
5.4
1.9
5
1.8
5
1.7
.6
1.7
.8
1.7
1.0
2.1
269
1 0
55
652
1.6
62
87.8
1.5
64
108.7
1.6
64
107.4
1.6
56
24
55
1.7
50
57.8
163
5*6
75.4
94.2
822
75.9
j
42
66.4
1.1
43
59.5
.8
42
60.7
.8
47
61.3
.8
5.1
58.9
62.1
66.ti
1058.0
"111.7
105.7
584
1,067.5
101.5
132.2
73*5
97.1
9.1
129 8
72*3
89.0
6.8
1360
87*3
90.8
904
7.4
884
80 3
887
847
90.6
3.9
57
1322
1121
89.3
823
6'4
98 3
61.6
7.7
1363
104.8
87.4
7.1
132 4
98.9
1022
60.0
107.0
59.6
882
6.3
1135
575
928
47
124 3
58'1
62.1
'65*4
348.1
229.6
43.8
47.6
3466
183.8
486
572
29.3
17.8
49 0
45.8
27.3
94
494
61*0
24,8
11.9
493
74.5
25.4
11.6
501
82.7
31.7
15.0
43*6
29.4
74*1
31.0
13.1
47*6
68*0
10.7
44.6
62*8
30.9
10.3
42 9
472
27.5
12.5
447
44*3
287
13.0
453
412
28.0
15.0
435
426
27.0
13.0
43 4
42*8
44.0
512.1
40.9
5432
52.1
44.1
48.4
46.5
49.8
50.5
51.1
48.2
50.5
48.7
52.1
467
50.5
43.3
48.0
40.3
44.6
38.6
43.7
42.3
46.9
442
48.6
442
471
61 4
13.8
612
12.4
54
11.5
54
112
50
10.3
5.5
50
52
45
11 ".4
12.4
12.5
13.3
50
137
46
13.4
49
132
5.0
132
4.8
12.6 ".."!'."'
1549
20.6
1640
18.7
186
20.3
179
18.0
155
15.5
121
92
187
7.7
2i!5
9.4
11.3
30.9
121
32.1
147
32.3
15 9
30'.4
170
28*1
653.5
451.3
2022
802
638.4
456.2
182 2
97.9
56.6
39.0
17 6
124.7
53.7
38.5
152
125.8
55.0
41.7
132
118.3
51.9
41.4
52.5
40.3
12.1
97*9
532
412
12 0
76.3
512
58.5
42.0
16 5
72.6
56.4
40.0
164
83.1
597
127
68.8
96.3
56.8
38.7
18.1
106.0
57.4
39.5
17.9
111.6
5I1
„
483.1
214.8
1.1
86.1
33.8
40.5
4.5
11.3
4Z7
499.0
232.5
5.1
68.8
499.1
219.1
1.4
92.0
37.4
44.4
42
7.4
482
525.0
224.7
.6
91.8
31.8
49.1
5.4
18.9
55.5
6.323.7
2.684.1
30.8
1.1525
500.1
543.6
58.1
165.2
608.9
5.9
15.6
106
109.4
5.9
101 3
74.3
26.4
38.5
41.0
187
................
""*"
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD
[Thousands of cords (128 cu. ft)}
Receipts
Consumption .....
Inventories, end of period
.
.
.
.
'99279
'98,414
5.462
'99.304
''99,109
5,961
8.452
8.333
5239
8,271
8,243
5,651
8.712
8,517
5.751
8,180
8.120
6,375
7.920
8,012
5,961
8,779
8,801
5,732
8,171
8,115
5,554
8.161
8,161
5.670
8,097
8271
5,082
7,934
8,108
4,936
8,120
7,992
4,880
8,385
8,239
4,948
' 19.490
1,082
'21,040
909
1,844
1,052
1,785
976
1,822
1,024
1,778
981
1,717
909
1,815
927
1,669
917
1,816
907
1,754
960
1,763
1,025
'1.799
'1,001
1,801
1,024
'61,998
1,425
50,181
6,029
4,363
'63,068
1,293
51,192
6363
4,219
5,366
125
4,374
541
327
5200
126
4,190
536
349
5,410
91
4,395
569
355
5,123
71
4,163
543
347
5,428
123
4,392
554
359
5,579
115
4,530
563
371
5,033
104
4,098
503
329
5,319
124
4,310
547
338
5285
115
4270
555
346
5,188
92
4232
528
335
5,197
124
4.222
520
331
5,631
130
4,609
545
347
193
342
519
226
476
392
218
527
418
228
461
423
210
484
422
201
505
358
226
476
392
201
521
419
216
554
409
216
483
406
198
521
394
210
532
389
214
515
351
218
596
353
WASTE PAPER
[Thousands of short tons)
Inventories, end of period
„
WOODPULP
[Thousands of short tons}
Production:
Total
Dissolving pulp
Paper grades chemical pu'p
Groundwood and thermo-mechanjcal .
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
-..,*7"Z"ZZZ'Z"'Z'
Imports, all grades, total
Dissolving and special alpha
All other
See footnotes ai end of tables.
'5,653
759
'4896
'4.673
162
'4,513
zzz:
43.9
*....
".'..".
SURVEY OF CURRENT BUSINESS
October 1991
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in BUSINESS STATISTICS,
1989
1961-88
|
S-29
1991
1990
Annual
1990
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
|
Feb.
Mar.
Apr.
m
JU
n.
July
|
Aug.
|
Sept
PULP, PAPER, AND PAPER PRODUCTS-Continued
PAPER AND PAPER PRODUCTS
[Thousands of short tons, unless otherwise specified}
Paper and board:
Production (API):
Total .
Paper "„
'....ZZ
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
Coated papers:
Orders, new
Orders, unfilled, end of period
Shipments
.
Uncoated free sheet:
Orders, new
Shipments
_
'76,785
38.266
38,519
'78.782
39,359
39,423
6,744
3,439
3,305
6.507
3.251
3^57
3.484
3.344
6,528
3,294
3,234
6,520
3,181
3,339
6,818
3,338
3,480
6,135
3,009
3.126
6,569
3,243
3,326
6.338
3,172
3,167
'6,486
'3206
3280
'6,465
'3.179
3285
'6,757
'3,333
'3,419
6.961
3.439
3.522
140.1
115.6
135.9
112.2
133.4
110.3
132.9
109.8
134.3
109.4
1342
109.1
132.8
108.9
132.6
109.3
132.0
109.8
129.6
111.3
128.4
112.7
127.0
'1135
126.7
113.0
127.4
113.9
127.9
1122
'1.741
193
'1,743
'202
'1,806
164
197
147
173
226
137
163
222
168
136
213
151
161
215
147
171
234
145
126
229
133
154
239
148
130
238
138
146
249
140
176
274
145
148
280
159
183
293
152
'7,171
706
7^5
'7,430
'732
7.536
733
678
607
693
636
671
693
531
591
564
619
551
634
517
522
564
600
528
588
582
565
558
601
604
572
623
598
596
646
638
640
681
635
656
'11,097
'11.081
'11,479
'11,503
1,019
1,011
862
930
916
784
852
856
901
924
915
1,002
957
'1,013
922
'1,131
1,044
1,078
1.057
'2,681
'2,377
198
208
196
173
207
185
195
186
188
'5.802
487
507
477
484
186
459
203
'5,636
505
477
472
474
440
484
9.640
9,607
321
698
362
711
710
363
715
740
315
836
765
386
763
686
462
790
755
493
743
736
506
733
710
529
739
719
550
761
9,074
315
731
731
61.
635
511
506
44
1,045
810
512
511
45
1,030
780
519
517
46
1.011
802
523
527
42
922
853
473
4$5
50
854
919
523
511
519
502
79
929
907
52
52C
80
954
905
508
497
'879
'914
526
512
12'
'944
'904
496
495
122
958
873
119/
119.0
118.
25,739
27,968
2829;
Unbleached kraft papers:
Shipments
Tissue paper, production
.....
1.009
132.0
111.9
[Thousands of metric tons, unless otherwise specified]
Newsprint:
Canada:t
Production ...
Shipments from mills
Inventory, end of period
United States:
Production ...
Shipments from mills
Inventory, end of period
Estimated consumption, all users 0
Publishers" stocks, end of period #
Imports
Producer Price Index, standard newsprint, 1982-100
758
750
399
5,523
5.515
56
12,241
749
*7,678
122.
5,997
6,007
46
12,126
802
519
518
50
996
912
119.5
122.2
122.3
122.5
122.3
122.;
126.8
1272
127.1
313,398
318.102
28,313
'25,595
30,526
24,955
21,412
27.440
24,137
24,495
498
509
39
i,or
850
956
923
,.....„.„
'121.
Paper products:
Shipping containers, corrugated and solid fiber shipments, mil.
SO. ft. SUrf. 3T83
,
28,033
26,96:
27.169
RUBBER AND RUBBER PRODUCTS
RUBBER
[Thousands of metric tons, unless otherwise specified}
Natural rubber: §
Consumption ...
Stocks, end of period
Imports, incl. latex and guayule
U.S. Import Price Index 1935*100
Synthetic rubber: J
Production
Consumption ...
Stocks, end of penod
Exports (Bureau of Census)
69.78
94.34 : :
75.70
102.9
839.03
94.34
860.34
104.1
74.11
87.18
60.96
68.76
90.35
82.97
105.4
59.78
84.71
55.67
75.55
89.63
81.69
2261.37
2,050.97
404.03
2
579.08
2,114.53
1,820.78
403.66
180.94
149.54
420.92
180.42
155.63
419.56
190.30
17529
404.95
167.35
147.04
393.90
153.14
119.06
403.66
'212.870
261.659
59,347
186,328
15,985
'210,663
260,424
54,192
188,839
17.393
42,649
18,555
24.185
4,696
17,785
1,704
17.612
22,595
4,687
16,443
1.465
19,965
24,457
5.433
17,306
1,727
13,687
16,946
2,829
12.913
1205
17,713
18,369
3,738
13,050
1,578
17,375
17.674
3,393
12,731
1,550
16,208
19,798
3,713
14,595
1,491
17,017
21237
4.351
15,377
1,511
17,360
22,231
4,691
15.975
1.566
43,492
42,047
41,553
16,077
20203
3,872
14,821
1,509
41,582
42,649
46,333
50,051
51,096
51,151
50,725
2
866.87
91.98
887.62
1103
2
...
::
'102.1
103.5
TIRES AND TUBES
[Thousands}
Pneumatic casings:
Production
Shipments, total
Original eauioment
Replacement equiDment
Exports
Stocks end of period
Inner tubes:
Exports (Bureau of Census)
3
-
See toomotes at end of taUe&
39,308
19,118
*1,813
16.419
24,384
4,279
18.508
1.596
47,204
99.8
SURVEY OF CURRENT BUSINESS
S-30
1989
1961-68
October 1991
1991
1990
Annual
Unless otherwise stated h footnotes below, data through 1988
and methodological notes are as shown in BUSINESS STATISTICS,
1990
Aug.
|
Sept.
Oct.
|
NOV.
|
Dec.
Jan.
|
Feb.
Mar.
Apr.
23,949
27,239
35,379
|
May
June
|
July
|
Aug.
|
Sept.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement, thous. bbl.
' 474,344
..
'467,211
48,159
42,567
21,273
39,876
40.037
46,272
37,888
25,425
609.9
538.3
416.0
1,118.7
1,444.5
16.0
15.3
13.0
#42*
" ' 49.7
36.3
36.1
'7105.6
42.577
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face), mil. standard brick
Structural tie, except facing, thous. sh. tons
„
Sewer pipe and fittings, vitrified, thous. sh. tons
Poor and wall tie and accessories, glazed and ungtazed,
mil. sq. ft
545.3
Producer Price Index, trek and structural clay tile, 12M4M100 .
477.6
41.4
37.1
42.6
115.1
115.4
115.3
115.4
7
107.5
115.8
'116.3
115.7
115.9
GLASS AND GLASS PRODUCTS
[Thousand gross, unless otherwise specified}
Flat glass, mfrs.' shipments, thous. $ .
347,656
1,543242
1.471,447
287,511
285,586
289,704
284,986
26,141
26,910
25.462
22,827
25,937
24,125
21,882
21,451
18,254
19,668
22,465
20,974
22,420
19,828
24,351
22,611
24,586
24,736
25,569
26,436
24,724
-25.701
25,48$
25,824
22,010
63,813
88,556
26,059
23.008
61,999
88,551
26297
2.249
6.048
8,024
2,301
1,796
4,931
7,197
1.902
1.866
5,077
7,234
2,129
1.388
4,315
6,962
2,009
1,215
3.998
6,159
2,214
1,429
4,219
6,849
1.735
1,707
3 933
6i218
1,670
2.082
4,802
6,930
2,078
2.082
5.527
6,950
2,373
2,379
6,073
7,633
2,393
2J268
5.876
7,697
'2,241
2,300
5,849
8,133
2,130
67,973
70.767
6,959
5,989
6,862
5,633
5,030
5,983
5,532
5,833
6,671
6,616
6,005
6,183
13,826
1,318
42,053
13,190
1,174
40,449
1,079
70
41,078
940
72
41,327
876
81
42,628
1,045
99
42,860
977
75
40,449
70
44,646
782
104
46,088
1,013
120
45,733
1,217
125
44,233
1,458
156
'43,293
191
42,979
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
380,773
342,085
83
42,417
GYPSUM AND PRODUCTS
[Thousands of short tons]
Production:
Crude gypsum (exc. byproduct) .
'15.500
'17,500
Imports, crude gypsum .
Sales of gypsum products!
'5.170
Calcined:
Building plasters,total(ind Keertfs "cement)"
[Millions of square feet]
Bo3Tu products toter ••
*+ «•
*•
Lath
"
S „„
Veneer base
„ _
Gypsum sheathing
Regular gypsum board
Type X gypsum board ..
Predecorated waliboard
.
*.* mobile home board
„
„ ,
Water/moisture resistant board
'20,870
18
475
266
12,523
6,071
113
717
TEXTILE PRODUCTS
II!
„ .. ..
Backlog of finishing orders „.„
Manmade fiber and silk fabrics
••
•
Ii l i i
Inventories held at end of period
Cotton
Manmadefiberand silk fabrics
,„„„,
Ill
FABRIC
[MiSions of linear yards}
Woven fabric,finishingplants:
Production (finished fabric)
„
Cotton
„
Manmade fiber and silk fabrics
COTTON AND MANUFACTURES
[Thousands of running bales, unless otherwise specified}
Cotton (excluding timers):
Production:
Gainings 0
................
...„..,.,„........,....„...„,•...„..
Crop estimate""ttous. miweight bales 5
Z...
Zl
Consumption
Stocks in tha United States, total, end of period iZ
On farms and in transit
...-.
Public storage and compresses
Consuming establishments
S&6 footnotes At fefid w obtas.
Z
....
11,884
12,196
*7.444
12,803
12,803
1,457
10,762
584
15,064
15,499
583
8,383
11,978
11.978
1.522
9.875
581
680
15.974
15,974
13,740
1,615
619
'2,616
J
835
14,514
14^14
11332
2,451
531
7,959
12,436
14,519
671
13,855
13,855
7J210
6.126
519
610
13.173
13,173
3,729
8,930
514
'601
11578
11,978
1,522
9.875
581
137
7
2,068
?
6,929
7
6.929
'585
*5,681
7
663
2.223
3,200
3,200
0
2,493
707
699
'."*"-"
J
2,478
17,645
SURVEY OF CURRENT BUSINESS
October 1991
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in BUSINESS STATISTICS,
1961-68
1989
|
S-31
1990
Annual
1990
Aug.
| Sept
1991
Nov.
Oct.
Dec.
Jan.
| Feb.
Mar.
| A|x.
July
1*.
| May
TEXTILE PRODUCTS-Continued
Aug.
Sept
COTTON AND HANUFACTURES-Contlnued
Cotton (excluding tinters)—Continued
Exports thous tunning bales
•
.....
Imports, thous. net might bales
Prics(farm), American upland, cents per b. 0
Price, Strict Low Middling, Grade 41, staple 34 (1 •/«").
average 10 markets, cents per Ib.
.
Spindle activity (cotton system spindles):
Active spindles, last working day, total, millions
Consuming 100 percent cotton, millions
Spindle hours operated, all fibers, total, billions
Average per working day, billions
Consuming 100 percent cotton, billions
Cotton doth i
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
J
6 704
J
$3.e
66.4
64.7
65.1
67.5
68.0
65.9
642
67.9
68.5
70.8
68.9
672
65.7
'66.9
66.8
*69.8
'74.8
76.3
71.0
70.5
69.5
69.9
70.5
77.7
77.9
79.9
83.9
79.0
71.3
66.4
62.4
10.7
4.3
80.8
294
27.8
9.7
3.8
65.8
.254
25.8
10.0
3.9
5.3
264
2.0
10.1
4.0
«6.3
".255
*2.5
9.8
3.8
52
260
2.1
9.8
3.9
4.7
.240
1.8
9.7
3.8
*4.9
M96
"1.9
4.589
4,464
110.9
113.8
115.0
115.1
115.1
217.5
362.8
206.2
299.1
53.6
742
53.5
76.9
48.0
67.4
55.4
68.7
4,225.4
4,290.3
4,193.7
3,990.8
1.035.4
962.5
1.043.4
9832
994.0
911.0
1,066.3
962.7
9.9
22.4
9.4
17.3
9.4
17.3
10.0
26.0
9.4
24.9
3645
340.8
304.2
347.0
3042
347.0
3442
371.1
321.1
3222
—
113.8
114.7
Ratio of stocks to unfilled orders (at cotton mills), end of
period
...
..........
Exports raw cotton equivalent, thous net weight bales §
Imports, raw cotton equivalent, thous. net might bales §
Producer Price Index, gray cotton broadwovens, 1962*100 ....
1.048
1.087
115.1
112.3
112.5
116.4
116.1
'9.8
7
3.8
14.9
'.233
7
5.9
9.5
3.8
15.5
.239
6.3
'1,073
1,142
7
113.3
113.6
114.1
1145
' 114.9
115.0
MANMAOE FIBERS AND MANUFACTURES
(Millions of pounds]
Fiber production, qtrly:
Acetate filament yarn ...
......
Noncellulosic, except textile glass:
Yarn and monofitaments
Staple, incl.
tow
...„
Textile glass fiber
Fiber stocks, producers', end of period:
Acetate filament yarn ....
Rayon staple, including tow
. .
Noncellulosic fiber, except textile glass
Yam and monofilaments .
Staple, incl. tow
Textile glass fiber
[Millions of square yards, unless otherwise specified]
Manmade fiber and silk broadwoven fabrics:
Production (qtrly) total
Filament yarn (100%) fabrics
Chiefly rayon and/or acetate fabrics
Chiefly nyioo fabrics
Spun yam (100%) fabrics
Rayon and/or acetate fabrics, blends
,
Polyester blends with cotton
Acetate filament and spun yarn fabrics ...;
Producer Price Index, gray synthetic broadwovens, 1982*100
(Millions of pounds]
Manmade fiber textile trade:
Exports, manmade fiber equivalent
Yam, tops, thread, doth
Cloth, woven
Manufactured prods., apparel, furnishings
Imports, manmade fiber equivalent
Yarn. tops, thread, doth
Cloth, woven
Manufactured products, apparel, furnishings
Apparel total
« Toiit apparel'"!
'"'"".
8.3
92 :::::::::::
348.0
362.8
'.
"L."""... Z'ZZZ
—
114.0
115.7
113.0
14.1
106.9
29.9
77.0
115.8
116.1
6.9
1.4
55
7.5
1.3
62
30.5
2.1
42
.6
3.6
^35
2.35
225
3.55
3.43
3.32
115.7
114.7
1152
115.3
120.6
12.1
71.7
21.4
50.3
5.5
1.3
4.2
26.9
3.1
5.0
1.5
3.5
3.70
2.56
2.35
4.31
3.70
3.52
176.3
140.7
32.6
31.4
38.
1.3572
1.359.0
350.4
3172
2775
16,895
181.967
8,372
97,689
300.907
37.180
'18,120
"172.317
'7.728
'92,778
"298,988
"38.761
'5.312
'41,416
' 1,980
'23.413
'78,421
'8510
'3,770
'35,501
'1.992
'22.078
'67232
'8.744
422
49.396
3,132
22,32
68.39
9,85
115.6
114.4
:::::::::
""""!-.
114.1
114.3
117.0
1*1*6.4
WOOL AND MANUFACTURES
[Millions of pounds, unless otherwise specified]
Wool consumption, m (clean basis):
Apparel dass ....
Carpet class ................
Wool imports, dean yield t
Unimproved and other grades not finer than 46's
48's and finer *
„„
«
Wool prices, raw, shorn, dean basis:
Domestic-Graded territory, 64's, staple 2V«" and up,
delivered to U.S. mills, Sperb.
Australian. 64's. Type 63. duty-paid, price at Australian Wool
Corp., Charleston. SC, $ per b..................
Wool broadwoven goods, exc. felts:
Production (qtrly.). nA sq, yd, —
FLOOR COVERINGS
8.7
6.9
12
5.7
5.4
15
3.9
5.5
1.3
4.3
7.3
1.7
55
8.
15
6.
92
15
7.
7.
1.
5.
220
£17
2.10
1.63
1.67
2.03
2.30
2.30
1.6
156
3.32
334
3.35
2.09
22
2.7
2.86
2.48
Z29
10.7
• 1.9
48.
Carpet rugs, carpeting (woven, tufted, other), shipments,
quarterly, ml sq. yd
APPAREL
(Thousands, unless otherwise indicated]
Women's, misses1, juniors' apparel cuttings, qtrly:
Coats
...
«Dresses
....„...•................«....««...«.«."...—
Suits fi/ri oant suits iumosuits)
........
.........
Skirts
„
„.
Slacks, jeans, dungarees, and jean-cut casual slacks
Blouses' thoti doz.
.
S « footnotes •! tnd of tablet
38.7
3.
33.3
3.1
SURVEY OF CURRENT BUSINESS
S-32
Annual
Unless otherwise stated in footnotes below, data through 1988
and methodological notes are as shown in BUSINESS STATISTICS.
1961-88
1989
|
October 1991
1990
1990
Aug.
Sept.
|
OC
1991
Nov.
|
Dec.
Jan.
|
Feb.
Mar.
|
Apr.
May
28,351
27,099
|
Jt no
|
July
|
Aug.
Sept.
TEXTILE PRODUCTS-Continued
APPAREL-Contlnued
[Thousands, unless otherwise indicated]
Men's apparel cuttings, qtrty.
Suits
Coats (separate), dress and sport
Trousers, slacks, jeans, pants, etc .
Shins, dress and sport, thous. doi
Hosie7, shipments, thous. doz. pts
.
13.B96
18,012
470.820
113,085
353,692
.
"11,302
'13,945
'458.476
'103.239
328,622
'2,697
'3,594
'118,833
'24.686
25,003
26"228
30,537
'2.567
'3,194
'111,409
'20.966
27,741
24,586
24,863
25,170
2,721
3.941
105,651
23.155
25,623
28,551
28,153
27,696
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
(Millions of dollars}
Orders, new (net) total
U S Government
* 173,63
3
80,63
'168,38
Sales (net), receipts, or billings, total
U.S. Government
, ...........
J
Backlog of orders, end of period #
US Government
....*.,...
Aircraft (complete) and parts
Engines (aircraft) and parte
Missiles, space vehicle systems, engines, propulsion units,
and parts
Other related operations (conversions, modifications),
products, services
,
„
J
122,148
72,1B4
J
Aircraft (complete):
Shipments
Exports, commercial
252,40
3
107.79
J
131,996
J
27.154
3
147,380
J
56.788
142,685
3
141,654
3
77,516
264.204
3
92,148
3
145,833
J
28233
J
33.77
J
32,600
>22,O9
J
19,819
17467.
"13,71
.......
3
3
18,444
2,165.8
1,399
6,807
6,181
6.050
5.502
530
488
9,903
7.078
2.825
9,499
6,898
2,601
807
572
235
9.4
6.9
2.5
1.669
1.682
1,407
1,259
2.4
4
1,311
1212
1,693
1291
1,097
1,862
2,i"64
542
507
625
585
438
402
369
332
435
391
411
373
436
384
460
417
785
585
200
10.1
7.6
2.5
805
598
207
9.3
6.9
2.4
679
486
193
8.6
6.2
^4
669
476
193
8.9
6.6
2.3
570
421
149
7.6
5.7
1.9
636
479
157
8.3
6.1
22
749
545
204
8.7
6.2
2.5
1,337
1,425
1,340
1.404
1,483
1,430
1,510
1,397
1,407
1259
22
25
2.7
2.3
1,467
1221
2.6
1,431
1,143
2.5
23
298.0
635
'770
'314
293.0
93.1
354.4
945
625
325
399.6
127.6
769
284
375.1
110.6
'9,853
'3.481
"3,944.6
'1,220.2
9,160
3,486
683
259
683
271
325.1
81.1
599
224
4,062
3.752
3,719
3,448
319
302
313
297
355
336
253
235
175
155
4,941 5
4,106.4
504.2
331.1
4,649.9
3,947.5
404.0
298.4
391.9
326.9
39.5
25.4
383.8
326.9
31 5
25.4
3612
310.0
til
23.5
392.7
339.3
28.4
24.9
364.8
307.7
315
25.6
370.9
313.4
33.7
23.8
322.1
275.1
27.0
20.0
357.0
304.3
30.3
22.4
1,1345
1,180.1
'21128
"1,022.17
t,074.3
1,116.9
1,073.0
1,168.$
1,095.3
1,192.0
1,170.8
1.203.0
1.166.4
1,166.5
i"32
0
.......
1,668
2,465
518
465
790
581
209
8.4
6.1
2.3
485
434
360
324
707
510
197
7.9
5.5
2.4
791
593
198
9.0
6.7
2.3
794
585
209
9.1
6.8
2.3
417
385
711
503
208
8.3
6.1
22
1,360
1,065
1,371
1,066
1.357
1.032
1.304
964
1,130
'918
1,119
'984
1.156
973
2.1
2.3
2.0
1.7
1.6
1.9
1.8
294.6
67.7
328.7
100.1
2075
77.9
669
264
283.3
117.4
744
286
296.7
119.6
590
220
297.6
108.8
675
275
792
304
755
291
675
297
214
194
202
177
238
208
300
263
337
302
323
290
230
209
277
256
318.4
267.1
28.1
23.2
334.2
279.5
31.4
23.3
270.2
229.1
22.5
18.6
300.0
255.4
24.0
20.6
292.7
250.7
23.6
18.4
3215
271.9
282
21.3
3552
305.8
27.3
22.1
335.0
287.2
265
21.3
3535
30*9
26.6
22.1
332.6
288.5
24.5
19.6
384.8
335.9
282
20.7
341.0
295.5
26.4
19.1
385.9
338.9
26.5
205
3575
309.4
28.2
19.8
391.4
338.1
30.8
22.6
363.1
313.5
27.9
21.7
'353.5
298.3
35.9
'19.3
'353.1
305.6
27.8
'19.7
375.8
330.1
26.3
19.4
402.6
355.1
27.3
202
1,074.3
1,116.9
1,071.1
1,0497
1,022.5
972.6
955.1
9025
953.5
9052
960.1
907.6
965.1
912.4
8525
916.7
857.4
954.4
875.8
953.8
373
MOTOR VEHICLES (NEW)
(Thousands, unless otherwisa 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 § t
Imports, millions § .
Retail ioventories, domestics, end of period: §
Not seasonally adjusted
Seasonally adjusted
Inventory-retail sales rafo, domestics §
2.8
ft
•687
498
•189
•8.6
6.3
*Z5
4
Exports (Bureau of Census) total
To Canada
Imports (ITC), complete units
From Canada, total
„
769.75
56923
'4.042.7
'1,151.1
_
Registrations 0, total new vehicles
Imports, including domestically sponsored
*""
Trucks and buses:
Factory sales (from U.S. plants):
Domestic
.....
.1...
Retail sales:
Total, not seasonally adjusted *
0-10.000 lbs. GVW. domestics „
0-10.000 lbs GVW imports *
10.001 lbs. GVW and over t
Total, seasonally adjusted *
0-10000 Fbs GVW domestics
0-10000 lbs GVW* imports"
10 001 lbs GVW and over t
!
„
«
„
Retail inventories, domestics, end of period:
Not seasonally adjusted
Seasonally adjusted @
, „..,.......„
Exports (BuCensus)
.„...,..
„.,„..
Imports (BuCensus), including separata 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
„
'5,100
4,805
'416
410
381
343
355
307
290
347
355
379
413
394
181.478
130.163
142,921
102.449
(s)
15,496
13,128
9.490
11,737
8,481
12277
8.830
9,465
6,586
8.565
5531
8.715
5.763
8,422
5562
10,494
7,073
10,641
7,089
11,311
7,722
'10.979
'7,304
10,321
7,384
994
976
3,429
1284
744
ui'ii
827
1,211
1,638
1,904
'1,347
928
&»
• * • " "
RAlLflOAD EQUIPMENT
(Number, unless otherwise specified]
Freight cars (new), for domestic use; an railroads and private
car lines (excludes rebuilt cars and cars for export):
Equipment manufacturers
New orders
.
Equipment manufacturers
Unfilled orders, end of period
Equipment manufacturers
-
„
„
_
..._
Freight cars (revenue), class 1railroads(AAR): %
Number owned, end of period, thousands ....
Capacity (carrying), total, end of month, ml tons
Seetomotesai end of uon.
................
29.617
29.617
31.002
31,002
16,691
16,691
688
59.73
86.87
32,063
32,063
27.197
27,197
11,328
11,328
7,659
7,659
3,996
3,996
12214
12214
7,541
7,541
6,655
6,655
11.328
11,328
6,397
6.397
5.873
5,873
10,683
10,683 ::::::::::
6,003
6,003
5.126
5,126
9,806
9,606
: : : : : : : : : : : : :
SURVEY OF CURRENT BUSINESS
October 1991
S-33
FOOTNOTES FOR PAGES S-l THROUGH S-32
General Notes for all Pages:
r
p
e
c
Revised,
Preliminary,
Estimated,
Corrected.
Page S-l
f Revised series. See Tables 2.6-2.9 in the July 1990 SURVEY for revised estimates for
1987^89.
X Includes inventory valuation and capital consumption adjustments.
§ Monthly estimates equal the centered three-month average of personal saving as a percentage
of the centered three-month moving average of disposable personal income.
0 See note 4 *O"forp. S-2.
Page S-2
1. Based on data not seasonally adjusted.
0 Effective April 1990 SURVEY, the industrial production index has been revised back to 1977
and has a new base year of 1987. A more detailed explanation of this revision is in the April 1990
Federal Reserve Bulletin. Historical data are available from the Industrial Output Section, Mail
Stop 82, Division of Research and Statistics, Federal Reserve Board, Washington, DC 20551.
# Includes data not shown separately.
Page S-3
# Includes data for items not shown separately.
t Effective with the April 1991 SURVEY, M3 data have been revised to benchmark the data
to the 1987 Census of Manufactures and 1988 Annual Survey of Manufactures, and to convert
the series to the 1987 SIC codes. Revisions related to benchmarking affect all categories back to
1982. Revisions resulting from the SIC conversion affect about half the categories back to 1958.
The coverage for some of the series in the market category has been changed.
Page S-4
, I . Based on data not seasonally adjusted.
# Includes data for items not shown separately.
X Includes textile mill products, leather and products, paper and allied products, and printing
and publishing industries; unfilled orders for other nondurable goods industries are zero.
O For these industries (food and kindred products, tobacco, apparel and other textile products,
petroleum and coal, chemicals and allied products, and rubber and plastics products) sales are
considered equal to new orders.
t See note "f" for p. S-3.
Address requests for data to:
Business Statistics Branch
Current Business Analysis Division (BE-53)
Bureau of Economic Analysis
U.S. Department of Commerce
Washington, D.C. 20230
t Effective May 1990 SURVEY, data for seasonally adjusted building permits have been revised
back to 1988 and are available upon request.
# Series first shown in the July 1990 SURVEY. 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 to constant dollar
VIP (multiplied by 100). It is the average of the individual price indexes used in the deflation of
VIP, but the prices are weighted by the composition of VIP each period. As a result, the implicit
price deflator reflects not only changes in prices, but also changes in the composition of VIP, and
its use as a measure of price change is discouraged. Effective July 1991 SURVEY, data have been
revised back to 1986.
f t Effective May 1991 SURVEY, the Boeckh indexes have a new base year of 1987.
I t Effective Sept. 1990 SURVEY, the construction cost index for the Federal Highway
Administration has been revised back to 1986 and has a new base year of 1987=100.
Page S-8
1. Advance estimate.
2. Beginning with Feb. 1989 data, associations in conservatorship are excluded.
O Home mortgage rates (conventional first mortgages) are under money and interest rates on
p. S-14.
§ Data include guaranteed direct loans sold.
# Includes data for items not shown separately.
@ Data are for closed mortgage loans of thrift institutions insured by the Savings Association
Insurance Fund (SAIF)—FSLIC-insured institutions prior to Sept. 1989.
t Effective April 1991 SURVEY, estimates of wholesale sales have been revised back to January
1988 and wholesale inventories have been revised back to January 1989. Revised data and a '
summary of changes appear in me report Revised Monthly Wholesale Trade, Sates and Inventories
January 1984-December 1990, BW90-R, available from the Bureau of the Census, Washington,
DC 20233.
X Effective March 1991 SURVEY, retail trade data have been revised. Estimates of retail sales
have been revised back to January 1988 and inventories have been revised back to January 1989.
(In 1990 data were revised back to 1982.) Revised data and a summary of changes will appear in
the report Revised Monthly Retail Sates and Inventories, January 1981-December 1990. BR90-R,
available from the Bureau of the Census, Washington, DC 20233.
Page S-5
Page S-9
1. Based on data not seasonally adjusted.
@ Compiled by Dun & Bradstreet, Inc.
# Includes data for items not shown separately.
§ Ratio of prices received to prices paid (parity index).
X See note " J " for p. S-4.
t In the Feb. and July issues of the SURVEY each year, data for the most recent six to eight
years are subject to revise and are available upon request,
f t See note " | " for P- S-3.
1. Advance estimate.
# Includes data for items not shown separately.
O Effective with the January 1991 SURVEY, the seasonally adjusted labor force series have
been revised back to January 1986. The January 1991 issue of Employment and Earnings contains
the new seasonal adjustment factors, a description of the current methodology, and revised data
for the most recent 13 months or calendar quarters. Revised monthly data for the entire 1986-90
revision period appear in the February 1991 issue of Employment and Earnings.
| The participation rate is the percent of the civilian noninstitutionai population in the civilian
labor force. The employment-population ratio is civilian employment as a percent of the civilian
noninstitutionai population, 16 years and over.
@ Data include resident armed forces.
X See note "X" for P- S-8.
Page S-6
§ For producer price indexes of individual commodities, see respective commodities in the
Industry section beginning p. S-l9. AH indexes subject to revision four months after original
publication.
# Includes data for items not shown separately.
X Effective with the Feb. 1991 SURVEY, data have been revised back to 1986 and are available
upon request.
PageS-7
1. Computed from cumulative valuation total.
2. Index as of Oct. 1, 1991: building, 412.3; construction, 455.4.
3. Beginning Dec. 1988, series has been discontinued by the Bureau of the Census.
X Effective July 1991 SURVEY, data have been revised back to 1986. Effective July 1990
SURVEY, data were revised back to 1985. Revised data are available from the Construction
Statistics Division at the Bureau of the Census, Washington, DC 20233.
# Includes data for items not shown separately.
§ Data for Mar., May, Aug., and Nov. 1990, and Jan., May, Aug., and Oct. 1991 are for five
weeks; other months four weeks.
O Effective Feb. 1990 SURVEY, data for seasonally adjusted housing starts have been revised
back to 1987. These revisions are available upon request.
<2> Effective Feb. 1990 SURVEY, data for seasonally adjusted manufacturers' shipments of
mobile homes have been revised back to 1987.
Page S-10
^ See note " O " for p. S-9.
§ Effective with the Sept. 1990 and June 1991 issues of the SURVEY, data have been revised,
respectively back to April 1988 and April 1989, unadjusted, and back to Jan. 1985 and Jan. 1986,
seasonally adjusted, to reflect new benchmarks and seasonal adjustment factors. In addition the
Sept. 1990 revision included the conversion of the industry series to 1987 SIC codes. Industry
series affected by revisions in the SIC have been revised back to the inception of the series, to
the extent possible. In addition, all constant-dollar and indexed series were recomputed on a
1982 base. The Sept. 1990 and June 1991 issues of Employment and Earnings contain detailed
descriptions of the effects of these revisions. All of the revised historical series will be published
in a special supplement to Employment and Earnings. This supplement, when combined with the
historical bulletin, Employment. Hours, and Earnings, United States, 1909-90 will comprise the
full historical series on national data obtained from the establishment survey.
Page S-ll
§ See note " § " for p. S-10.
X This series is not seasonally adjusted because the seasonal component is small relative to
the trend-cycle and/or irregular components and consequently cannot be separated with sufficient
precision.
S-34
0 Production and nonsupervisory workers.
Page S-12
§ See notc*'§"forp. S-10.
0 Production and nonsupervisory workers.
X Earnings in 1982 dollars reflect changes in purchasing power since 1982 by dividing by
Consumer Price Index. Effective Feb. 1990 and 1991 issues of the SURVEY, this series has been
revised, respectively, back to 1985 and 1986 to reflect new seasonal factors for the CPI-W.
Revised data are available upon request.
§§ Effective with the June 1991 SURVEY, data have been revised back to 1989 and are available
upon request. Wages as of Ocu 1, 1991: Common, $19.11; Skilled, $25.09.
t Excludes farm, household, and Federal workers.
@ Effective with the April 1990 SURVEY, the employment cost index is based on June
1989=100, rather than June 1981=100. Historical data for both June 1989 and June 1981 bases
are available from the Bureau of Labor Statistics, Division of Employment Cost Trends, 441 G
Street, N.W., Washington, DC 20212.
XX These series were affected by an error in the Sept. 1990 SURVEY. The stub for "Transportation equipment" was omitted. Hourly earnings for 'Transportation equipment" were shown
following the stub for "Electronic and other electrical equipment". Hourly earnings for "Electronic and other electrical equipment" were shown following the stub for "Industrial machinery
and equipment". Hourly earnings for "Industrial machinery and equipment" were shown following the stub for "Machinery, except electrical", which was the former name for that industry (SIC
35).
* Series first shown in the July 1991 SURVEY. Wages and salaries are defined as the hourly
straight-time wage rate or, for workers not paid on an hourly basis, straight-time earnings divided
by the corresponding hours. Straight-time wage and salary rates are.total earnings before payroll
deductions, excluding premium or'supplemental pay for overtime and for work on weekends and
holidays, shift differentials, and nonproduction bonuses such as lump-sum payments provided
in lieu of wage increases. Production bonuses, incentive earnings, commission payments, and
cost-of-living adjustments are included in straight-time wage and salary rates.
Page S-13
1. Effective Feb. 28,1989, there was a break in the series due to the enlargement of the panel
of reporting dealers to 17 and of reporting direct issuers to 36. End of month figures on the old
basis are as follows: All issuers, 481,734; financial companies, 373,717; dealer placed, 172,330;
directly placed, 201387; and nonfinancial companies, 108,017.
2. Average for Dec.
# Includes data for items not shown separately.
j
§ Excludes loans and federal funds transactions with domestic commercial banks and includes
valuation reserves (individual loan items are shown gross; i.e., before deduction of valuation
reserves).
X Covers 50 States and the District of Columbia. Only regular benefits are included.
@ Average weekly insured unemployment for 12-month period divided by average monthly
covered employment (lagging 4 full quarters for annual figure and 2 full quarters for monthly
figure).
f Effective OCL 1989 SURVEY, loans by loan type are provided by the Federal Farm Credit
Banks Funding Corporation.
O Effective with the April 1990 SURVEY, the reserves of depository institutions have been
revised back to 1984 and are available upon request
Page S-14
1. Data are for fiscal years ending Sept. 30 and may include revisions not distributed to the
months.
2. Weighted by number of loans.
3. Beginning Feb. 1988, data suspended by the Farm Credit Administration, which is revising
the information it collects and amending the reports it distributes.
§ Effective Mar. 1990 SURVEY, data have been revised to reflect new benchmark and seasonal
adjustments and are available from the Banking and Money Market Statistics Section of the
Division of Monetary Affairs at the Federal Reserve Board, Washington, DC 20551.
# Includes data for items not shown separately.
O Excludes loans to commercial banks in the U.S.
X Rates on the commercial paper placed for firms whose bond rating is Aa or the equivalent.
XX Courtesy of Metals Week.
@ Average effective rate
t Effective May 1990 SURVEY, the consumer installment credit series have been revised back
to 1980 to incorporate new information and updated seasonal adjustment factors. These revisions
ire available upon request.
* Series first shown in the June 1990 SURVEY.
f t This series, first shown in the June 1990 SURVEY, represents the outstanding balances of
loans that the loan originator has sold and are no longer carried on the loan originator's books.
Fhe loans are pooled and securities are issued on the pools.
Page S-15
1. Beginning Jan. 1989, the primary public offering statistics have been discontinued by the
Securities and Exchange Commission.
2. Effective April 1991 SURVEY, the Security Markets series have been discontinued.
3. Money market deposit accounts are included with savings deposits.
f Effective Feb. 1991 SURVEY, the money stock measures and components have been revised
ind are available from the Banking Section of the Division of Research and Statistics at the
i^deral Reserve Board, Washington, D.C. 20551.
XX Includes ATS and NOW balances at all depository institutions, credit union share draft
>alances, and demand deposits at thrift institutions.
O Overnight (and continuing contract) RP*s are those issued by commercial banks to the
jonbank public, and overnight Eurodollars are those issued by Caribbean branches of member
>anks to U,£. nonbank customers.
October 1991
SURVEY OF CURRENT BUSINESS
@ Small time deposits are those issued in amounts of less than $100,000. Large time deposits
are those issued in amounts of $100,000 or more and are net of the holdings of domestic banks,
thrift institutions, the U.S. Government, money market mutual funds, and foreign banks and
official institutions.
# Includes data for items not shown separately.
Page S-16
1. The railroad average was discontinued by Moody's on July 13, 1989. Therefore, the July
average reflects only eight working days.
2. Effective Oct. 3, 1990, the German Democratic Republic (GDR; East Germany) ceased to
exist as a sovereign state and became a pan of the Federal Republic of Germany. Accordingly,
effective with the statistics for Oct. 1990. all merchandise imported from or exported to the
former GDR will be included as trade with the Federal Republic of Germany.
3. Beginning Jan. 1991 data, Roadway Services, Inc. will be included in the Dow Jones
Transportation Average replacing Pan Am Corp. Roadway Services is listed on the NASDAQ
National Market System. Comparability with earlier averages is not affected by this change.
@ See note "4" for p. S-19 regarding the new commodity classification systems introduced
Jan. 1989. Data may not equal the sum of the geographic regions, or commodity groups and
principal commodities, because the revisions to the totals are not reflected in the component
items.
§ Number of issues represents number currently used; the change in number does not affect
the continuity of the series.
X For bonds due or callable in 10 years or more.
# Includes data for items not shown separately.
0 The March through August 1991 issues of the SURVEY showed month-end yields for 1991
rather than monthly averages.
t Effective with the Mar. 1990 SURVEY, seas. adj. exports and imports have been revised
back to Jan. 1988, and are available upon request.
Page S-17
1. Beginning with Jan. 1989 data, undocumented exports to Canada are now included,
resulting in a break with Dec. 1988 data.
2. Beginning Jan. 1989, buses are excluded from "Motor vehicles and parts" and included in
"Other manufactured goods," resulting in a break with Dec. 1988 data.
3. See note "2" for p. S-16.
@ See note "@" for p. S-16.
t See note " f for p. S-16.
# Includes data not shown separately.
0 Data include undocumented exports to Canada, which are based on official Canadian import
totals.
# Series first shown in the October 1991 SURVEY. The deflators for the constant dollar series
are primarily based upon the monthly price indexes published by the Bureau of Labor Statistics
using techniques developed for the National Income and Product Accounts by the Bureau of
Economic Analysis.
Page S-18
1. Reported annual total; quarterly or monthly revisions are not available.
2. For month shown.
3. Beginning Aug. 1989, the export and import indexes have been discontinued by the Census
Bureau.
# Series first shown in the October 1991 SURVEY. Source: Bureau of Labor Statistics.
# Includes data for items not shown separately.
§ Total revenues, expenses, and income for all groups of carriers also reflect nonscheduled
service.
X The threshold for Class I railroad status is adjusted annually by the Interstate Commerce
Commission to compensate for inflation.
0 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.
@ Changes in these unit value indexes may reflect changes in quality or product mix as well
as price changes.
f t Effective with the Dec. 1989 SURVEY, data for 1981-88 have been revised and are available
upon request.
XX Effective with the Mar. 1990 SURVEY, data for 1985-S9 have been revised and are available
upon request.
Page S-19
1. Reported annual total; monthly or quarterly revisions are not available.
2. Less than 500 metric tons.
3. Figure suppressed because it did not meet Census publication standards.
4. Beginning with 1989 data, merchandise trade data are based upon two new commodity
classification systems; the International Harmonized System and, Revision 3 of the Standard
International Trade Classification and, as a result, data may not be directly comparable to 1988
and earlier years.
5. Data are partially estimated for this quarter and are not available.
6. Beginning in 1991, data arc available only on a quarterly basis.
# Includes data for items not shown separately.
§ Data are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
X Effective with the Jan. 1990 SURVEY, revisions for 1987-88 are available upon request.
S-35
SURVEY OF CURRENT BUSINESS
October 1991
Page S-20
Page S-27
1. Reported annual total; monthly or quarterly revisions are not available.
2. Quarterly data are no longer available.
3. See note 4 for p. S-19.
4. Beginning in 1991, data are available only on a quarterly basis.
§ Data are not wholly comparable from year to year because of changes from one classification
to another.
@ Includes less than 500 electric generation customers not shown separately.
X Effective with the Jan. 1990 SURVEY, revisions for 1987-88 are available upon request.
^ Effective with the Dec. 1989 SURVEY, revisions for 1987-88 arc available upon request.
1. Annual total includes revisions not distributed to the months.
2. See note 4 for p. S-19.
3. Beginning in 1990, quarterly data have been discontinued. Annual data will continue to
be available.
4. Beginning with May 1991 data, monochrome production numbers are no longer included.
# Includes data for items not shown separately.
§ Includes nonmarketabie catalyst coke.
O Includes small amounts of "other hydrocarbons and alcohol new supply (field production),"
not shown separately.
X% March, June, September and December arc five-week months. All others consist of four
weeks.
Page S-21
1. Previous year's crop. New crop is not reported until Sept. (crop yean Sept. 1-Aug. 31).
2. Crop estimate for the year.
3. Stocks as of June 1.
4. Stocks as of June 1 and represents previous year's crop; new crop not reported until June
(beginning of new crop year).
5. Series has been discontinued.
6. Stock estimates are available once a year as June 1 stocks and shown here in the May
column and (as previous year's crop) in the annual column.
7. Stocks as of Dec. 1.
8. See note 4 for p. S-19.
§ Excludes pearl barley.
@ Quarterly data represent the 3-month periods Dec.-Feb., Mar.-May, June-Aug., and Sept.Nov. Annual data represent Dec.-Nov.
t Coverage for 21 selected States, representing approximately 85 percent of U.S. production.
PageS-22
1. See note 4 for p. S-19.
§ Cases of 30 dozen.
# Series first shown in the Jan. 1991 SURVEY.
Page S-23
1. Crop estimate for the year.
2. Reported annual total; revisions not distributed to the months.
3. Data suppressed because they did not meet Census publication standards.
4. See note 4 for p. S-19.
5. Data withheld to avoid disclosing figures for individual companies.
6. Beginning in 1991, data are available only on a quarterly basis.
# Totals include data for items not shown separately.
Page S-24
1. Reported annual total; monthly revisions are not available.
2. See note 4 for p. S-19.
3. Less than 500 tons.
4. Beginning in 1990, monthly data have been discontinued. Annual data will continue to be
available.
Page S-25
1. Reported annual total; monthly revisions are not available.
2. For month shown.
3. Effective with Jan. 1989, import data are for consumption; earlier periods of data are
general imports. See also note 4 for p. S-19 regarding the introduction of new classification
systems.
4. Beginning in 1990, monthly data have been discontinued. Annual data will continue to be
available.
@ Includes foreign ores.
§ Source: Metals Week.
Page S-26
1. Reported annual total; monthly revisions are not available.
2. Less than 50 tons.
3. See note 3 for p . S-25.
4. Break in comparability beginning Jan. l t 1991, because of a change in the Metals Week
pricing series for zinc.
O Includes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.
% Source for monthly data: American Bureau of Metal Statistics. Source for annual data:
Bureau of Mines.
# Includes data not shown separately.
t Effective April 1991 SURVEY, the materials handling index has been revised back to 1982
and now includes lift trucks. The index also includes new orders for automatic guided vehicles,
automated storage and retrieval systems, below hook lifters, cranes, hoists, monorails, racks,
shelving, casters and floor trucks, and conveyors. Revised data are available upon request
@@ Price represents North American Mean.
@ Effective with the SepL 1990 SURVEY, the new orders index numbers have been converted
to a new base year of 1987=100. Data back to t 1988 are available upon request.
Page S-28
1. Reported annual total; revisions not allocated to the months.
2. See note 4 for p. S-19.
3. Beginning May 1991, the leaded gasoline price is not statistically valid for publication.
# Includes data for items not shown separately.
Page S-29
1. Reported annual total; revisions not allocated to the months.
2. See note 4 for p. S-19.
O Source: American Paper Institute. Total U.S. estimated consumption by all newspaper
users. See also note **f" for this page.
§ Effective with the October 1990 SURVEY, data have been revised back to 1989 to reflect
adjustments made by the Rubber Manufacturers Association's Rubber Statistical Committee.
X Effective with the October 1990 SURVEY, synthetic data consisting of Butyl, polyisoprene,
polychloroprene, silicone, and other elastomers have been revised in keeping with data provided
by the Census Bureau's MA30A report beginning in 1990. Also see note " § " on this page.
# Compiled by the American Newspaper Publishers Association.
t Effective with the March 1990 SURVEY, Canadian newsprint statistics have been revised back
to Jan. 1982 to exclude supercalendered and some soft-nip calendered paper that was originally
classified as newsprint and is now classified as uncoated groundwood papers. This revision also
affects estimated consumption. Revised data are available upon request.
Page S-30
1. Reported annual total; revisions not allocated to the months.
2. Data are being withheld to avoid disclosing data from individual firms.
3. Data cover five weeks; other months, four weeks.
4. Beginning Jan. 1989, sates of industrial plasters are included with building plasters.
5. Oct. 1 estimate of the 1991 crop.
6. Total for crop year, Aug. 1-Jul. 31.
7. Beginning in 1991, data are available only on a quarterly basis.
# Includes data for items not shown separately.
O Cumulative ginnings to the end of month indicated.
§ Bales of 480 lbs.
Page S-31
1. Less than 500 bales.
2. Annual total includes revisions not distributed to the months.
3. Average for crop year, Aug. 1-Jul. 31.
4. For five weeks; other months four weeks.
5. See note 4 for p. S-19.
6. Beginning in 1990, data are available only on a quarterly basis.
7. Beginning in 1991, data arc available only on a quarterly basts.
O Based on 480-lb. bales, preliminary price reflects sales as of the 15th; revised price reflects
total quantity purchased and dollars paid for the entire month (revised price includes discounts
and premiums).
§ Bales of 480 lbs.
t The total may include some miscellaneous wool imports.
• Series first shown in the July 1990 SURVEY.
Page S-32
1. Annual total includes revisions not distributed to the months.
2. Production of new vehicles (thous. of units) for Sept. 1991: passenger cars, 481; trucks
and buses, 309.
3. Data are reported on an annual basis only.
4. See note 4 for p. S-19.
5. Beginning Jan. 1989, shipments of trailer bodies are included with trailer chassis to avoid
disclosure of data from individual firms.
6. Effective with the August 1990 SURVEY, data have been revised back to 1987 and are
available upon request
7. Data withheld to avoid disclosing figures for individual companies.
# Total includes backlog for nonrelated products and services and basic research.
§ Domestics comprise all cars assembled in the U.S. and cars assembled in Canada and
imported to the U.S. under the provisions of the Automotive Products Trade Act of 1965. Imports
comprise alt other cars.
<> Courtesy of R.L. Polk & Co.; republication prohibited. Because data for some States are
not available, month-to-month comparisons are not strictly valid.
* Series first shown in the August 1990 SURVEY.
f Includes some imported trucks over 10,000 lbs. GVW.
X Excludes railroad-owned private refrigerator cars and private line cars.
@ Effective with the Mar. 1991 SURVEY, seasonally adjusted retail inventories for trucks and
buses have been revised back to 1989, and are available upon request
S-36
SURVEY OF CURRENT BUSINESS
October 1991
Index to Current Business Statistics
Sections
General:
Business indcators
Commodity prices
Construction and real estate
Domestic trade
Labor force, employment, and earnings
finance
Foreign trade ol the United States
Transportation and communication
1-5
5,6
7, $
8,9
9-13
13-16
16-18
18,19
Industry:
Chemicals and allied products
Electric power andgas
Food and kindred products; tobacco
Leather and products
Lumber and products
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
Rubber and rubber products
Stone, day, and glass products
Textie products
Transportation equipment
19,20
20
20-23
23
23,24
24-27
27,28
28,29
29
30
30-32
32
*....
Footnotes
32-35
Individual Series
Advertise
Aerospace vehicles..
Agrioitural loans . . .
Air carrier operations.
Air conditioners (room).
Aircraftand parts
Alcohol, denatured and ethyl
Alcoholic beverages
Aluminum
Apparel
Asphalt
Automobiles, etc.
Banking
Barley
Battery shipments
BeefandveaJ
Beverages
Blast furnaces, steel mills
Bonds, issued, prices, sales yields
Brass and bronze
Brick
Building and construction materials
Building costs
Building permits
Business incorporation (new), failures
Business sales and Inventories
Butter
8,12
32
13
18
27
4,5,32
19
8,20
25
2.4-$, 8-12.31.32
7B
2-4,6,8,9,14,15,17,32
13,14
21
27
22
8,17,20
3-6
15,16
26
30
2,4,5
7
7
5
2,3
21
31
Carpets
22
Carte and carves
30
Cement
9
Chain-store sales,firmswith 11 or more stores
21
Cheese
C
Chemicals
2-4,10-12,15,17,19,20
Cigarettes and cigars
23
Clayproducts
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
Houshg 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 Rice Index)
5,6
Cotton, raw and manufactures
5,30,31
Credit commercial bank, consumer
14
Crops
5,21-23.30
Crude oil
3, 27
Currency In circulation
15
Dary products
Debt, U.S. Government
Deflator, PCE
Department stores, sates, Inventories
Deposits, bank
Dishwashers and dsposers
5,21/
14
1
9
13,15
27
Disposition of persona! income
Distilled spirits
Dividend payments
Drugstores, sales
1
20
1,15
8,9
Earnings, weekly and hourly
Eating and drinking places
Eggs and poultry
Bectric power
Electrical machinery and equipment
Empioyeejiours, aggregate, and indexes
Employment and employment cost
Exports (see also individual commodities)
12
8,9
5,22
2, 20
2-5,10-12,15,27
11
10-12
16-18
5
5,6
17
14
13
13
19
22
24
22
26
Failures, Industrial and commercial.
Farm prices
Fats and oils
Federal Government finance
Federal Reserve System
Federal Reserve member b a n k s . , .
Fertilizers
Rsh
Flooring, hardwood
Hour, wheat
Fluid power products.
Food products
Foreign trade (see also individual commod.)
Freight cars (equipment)
Fruits and vegetables
Fuel oil
Fuels
Furnaces
Furniture
2-6,8,10-12,15,17,20-23
16-18
32
5
6.28
2,6,17,27,28
27
2,6,8-12
Gas, output, prices, sales, revenues
Gasoline
Glass and products
Glycerin
Gold
Grains and products
Grocery stores
Gypsum and products
Hardware stores
Heating equipment
Help-wanted advertising index
Hides and skins
Hogs
Home loan banks, outstanding advances . ,
Home mortgages
Hotels, motor hotels, and economy hotels.
Hours, average weekly.
HousefumfsNngs
Household appliances, radios, and television sets
Housing starts and perrrits
Imports (see also indwidual commooHIes)
Income, personal
Income and employment tax receipts
Industrial production Indexes:
By industry
By market grouping
Instalment 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
.'.".'."*.'.'
22
6
8
18
11
2,4-6,8,9
27
7
17,18
1
14
1.2
1,2
14
2-4,10-12
14
3,4,8,9
3
2,15,24,25
Laborforce
9,10
Lamb and mutton
22
Lead
'
26
Leather and products
2.6,10-12,23
Uvestodt
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
MIk
21
Mring
2.10-12
Mobitehomes, shipments, Installment credit
7,14
Monetary statistics
15
Money and interest rates
14
Mooeysupply
15
Mortgage applications, loans, rates
8,13,14
Motor carriers
18
Motor verides
2-4,6,8,9,15,17,32
National parks, visits
Newsprint
New York Stock Exchange, selected data
Nonferrous metals
Oats
Oils andfats
Orders, new and unfilled, manufacturers'
Outlays, U.S. Government
18
29
16
2,4,5,15,25,26
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
Personal consumption expenditures
1
Personal income
1
Personal outlays
1
Petroleum and products
2-4.10-12,15,17,27,28
Rg Iron
24
Plastics and resin materials
20
Population
9
Port
22
PouHry arid 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 utiSties
;
1, 2,7,15,16,20
Pulp and pulpwood
28
Purchasing power of the dolar
6
Radio and television
Railroads
Ranges and microwave ovens
Rayon and acetate
Real estate
Receipts, U.S. Government
Refrigerators
Registrations (new vehicles)
Rent (housing)
Retair trade
Rice
Rubber and products find, plastics)
8,27
13,16,18,32
27
31
8,13
14
27
32
6
2,3,5,8-12,14,32
21
2-4,6,10-12,29
Saving, personal
Savings deposits
Savings Institutions
Securities issued
Security markets
Services
Sheep and lambs
Shoes and other footwear
Slver
Spindle activity, cotton
•
Steel and steel manufactures
Stock market customer financing
Stockprices, yields, sales, etc
Stone, clay, glass products
Sugar
Sulfur
Sulfuric add
Superphosphate
Synthetic textie products
Tea imports
Telephone carriers
Television and radio
Textiles and products
Tin
Tires and irmertubes
Tobacco and manufactures
Tractors
Trade (retail and wholesale)
Transit lines, urban
Transportation
Transportation equipment
Travel
Trucktrailers
Trucks
Unemptoymtrti and insurance
U.S. Government bonds
U.S. Government
Utilities
Vacuum cleaners
Variety stores
Vegetables and hits
Wages and salaries
Washers and dryers
Watorheaters
Wheat and wheat flour
Wholesale trade
Woodpulp
Wool and wool manufactures..
Tjnc
1
13
8,. 14
15
15,16
6,10-12
22
23
14
31
24,25
15
18
2-4,10-12,15,30
23
19
19
19
31
t
finance
23
19
27
2-4,10-12,15,30-32
26
29
2-4,10-12,23
27
2,3,5,8-12,32
18
6,10-12,15,16,18
2-6,10-12,15,17,32
18
32
2,32
9,10,13
16
15
2,6,7,15,16, 20
27
9
5
1.12
27
27
21,22
2,3,5,8,10-12
2S.
31
26
@FedFRASER